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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Schedule of earnings per share
   Three Months Ended
June 30,
 
($ and outstanding shares in thousands - except per share data)  2022   2021 
         
Distributed earnings allocated to common shares  $858   $793 
Undistributed earnings allocated to common shares   1,968    2,962 
           
Net earnings allocated to common shares   2,826    3,755 
Net earnings allocated to participating securities   8    6 
           
Net Income allocated to common shares and participating securities  $2,834   $3,761 
           
Weighted average shares outstanding for basic earnings per share   7,075    7,148 
Dilutive effect of stock compensation   74    52 
           
Weighted average shares outstanding for diluted earnings per share   7,149    7,200 
           
Basic earnings per common share  $0.40   $0.53 
           
Diluted earnings per common share  $0.40   $0.52 

 

   Six Months Ended
June 30,
 
($ and outstanding shares in thousands - except per share data)  2022   2021 
         
Distributed earnings allocated to common shares  $1,694   $1,569 
Undistributed earnings allocated to common shares   3,939    9,262 
           
Net earnings allocated to common shares   5,633    10,831 
Net earnings allocated to participating securities   14    11 
           
Net Income allocated to common shares and participating securities  $5,647   $10,842 
           
Weighted average shares outstanding for basic earnings per share   7,055    7,232 
Dilutive effect of stock compensation   61    24 
           
Weighted average shares outstanding for diluted earnings per share   7,116    7,256 
           
Basic earnings per common share  $0.80   $1.50 
           
Diluted earnings per common share  $0.79   $1.49