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Earnings per Share (Tables)
12 Months Ended
Dec. 31, 2020
Earnings per Share  
Schedule of calculations of basic and diluted earnings per common share

(dollars in thousands, except per share data)

2020

    

2019

    

2018

Basic earnings per share:

Net income available to shareholders

$

14,293

$

16,114

 

$

10,714

Average shares outstanding

6,489,799

 

6,525,684

 

 

6,518,772

Basic earnings per share

$

2.20

$

2.47

 

$

1.64

Diluted earnings per share:

Net income available to shareholders

$

14,293

$

16,114

 

$

10,714

Average shares outstanding

 

6,489,799

 

6,525,684

 

 

6,518,772

Effect of dilutive stock options

 

 

 

 

5,454

Average shares outstanding including dilutive stock options

 

6,489,799

 

6,525,684

 

 

6,524,226

Diluted earnings per share

$

2.20

$

2.47

 

$

1.64