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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Schedule of earnings per share
   Three Months Ended
September 30,
 
($ and outstanding shares in thousands - except per share data)  2022   2021 
         
Distributed earnings allocated to common shares  $843   $771 
Undistributed earnings allocated to common shares   2,492    3,327 
           
Net earnings allocated to common shares   3,335    4,098 
Net earnings allocated to participating securities   7    5 
           
Net Income allocated to common shares and participating securities  $3,342   $4,103 
           
Weighted average shares outstanding for basic earnings per share   6,968    6,966 
Dilutive effect of stock compensation   65    51 
           
Weighted average shares outstanding for diluted earnings per share   7,033    7,017 
           
Basic earnings per common share  $0.48   $0.59 
           
Diluted earnings per common share  $0.47   $0.58 

 

   Nine Months Ended
September 30,
 
($ and outstanding shares in thousands - except per share data)  2022   2021 
         
Distributed earnings allocated to common shares  $2,539   $2,340 
Undistributed earnings allocated to common shares   6,428    12,589 
           
Net earnings allocated to common shares   8,967    14,929 
Net earnings allocated to participating securities   21    16 
           
Net Income allocated to common shares and participating securities  $8,988   $14,945 
           
Weighted average shares outstanding for basic earnings per share   7,026    7,142 
Dilutive effect of stock compensation   72    25 
           
Weighted average shares outstanding for diluted earnings per share   7,098    7,167 
           
Basic earnings per common share  $1.28   $2.09 
           
Diluted earnings per common share  $1.27   $2.08