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Earnings Per Share (Tables) | 3 Months Ended
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Mar. 31, 2020
Earnings per share (1): |
Schedule of Earnings Per Share, Basic and Diluted | The shares used in the calculation of basic and diluted earnings per share are shown below:
|  | Three months ended |
(Dollars in thousands, except per share amounts) |  | March 31, |
|  | 2020 |  |  | 2019 |
Net earnings |  | $ | 3,363 |  |  | $ | 2,183 |
Weighted average common shares outstanding - basic (1) |  |  | 4,579,592 |  |  |  | 4,590,722 |
Assumed exercise of stock options (1) |  |  | 18,211 |  |  |  | 14,886 |
Weighted average common shares outstanding - diluted (1) |  |  | 4,597,803 |  |  |  | 4,605,608 |
Earnings per share (1): |  |  |  |  |  |  |  |
Basic |  | $ | 0.73 |  |  | $ | 0.47 |
Diluted |  | $ | 0.73 |  |  | $ | 0.47 |
| (1) | Share and per share values for the period ended March 31, 2019 have been adjusted to give effect to the 5% stock dividend paid during December 2019.

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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