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Earnings Per Share (Tables) | 9 Months Ended
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Sep. 30, 2020
Earnings Per Share [Abstract] |
Schedule of earnings per share |
|  | Three Months Ended Sep. 30, |
($ and outstanding shares in thousands - except per share data) |  | 2020 |  |  | 2019 |
Distributed earnings allocated to common shares |  | $ | 764 |  |  | $ | 581 |
Undistributed (in excess of) earnings allocated to common shares |  |  | 4,482 |  |  |  | 2,944 |
Net earnings allocated to common shares |  |  | 5,246 |  |  |  | 3,525 |
Net earnings allocated to participating securities |  |  | 4 |  |  |  | 4 |
Dividends on convertible preferred shares |  |  | - |  |  |  | 233 |
Net Income allocated to common shares and participating securities |  | $ | 5,250 |  |  | $ | 3,762 |
Weighted average shares outstanding for basic earnings per share |  |  | 7,607 |  |  |  | 6,397 |
Dilutive effect of stock compensation |  |  | - |  |  |  | 34 |
Dilutive effect of convertible shares |  |  | - |  |  |  | 1,445 |
Weighted average shares outstanding for diluted earnings per share |  |  | 7,607 |  |  |  | 7,876 |
Basic earnings per common share |  | $ | 0.69 |  |  | $ | 0.55 |
Diluted earnings per common share |  | $ | 0.69 |  |  | $ | 0.48 |
|  | Nine Months Ended Sep. 30, |
($ and outstanding shares in thousands - except per share data) |  | 2020 |  |  | 2019 |
Distributed earnings allocated to common shares |  | $ | 2,278 |  |  | $ | 1,723 |
Undistributed earnings allocated to common shares |  |  | 7,296 |  |  |  | 6,159 |
Net earnings allocated to common shares |  |  | 9,574 |  |  |  | 7,882 |
Net earnings allocated to participating securities |  |  | 12 |  |  |  | 13 |
Dividends on convertible preferred shares |  |  | - |  |  |  | 720 |
Net Income allocated to common shares and participating securities |  | $ | 9,586 |  |  | $ | 8,615 |
Weighted average shares outstanding for basic earnings per share |  |  | 7,700 |  |  |  | 6,459 |
Dilutive effect of stock compensation |  |  | - |  |  |  | 36 |
Dilutive effect of preferred convertible shares |  |  | - |  |  |  | 1,460 |
Weighted average shares outstanding for diluted earnings per share |  |  | 7,700 |  |  |  | 7,955 |
Basic earnings per common share |  | $ | 1.25 |  |  | $ | 1.22 |
Diluted earnings per common share |  | $ | 1.25 |  |  | $ | 1.08 |

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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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