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Earnings Per Share (Tables) | 6 Months Ended
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Jun. 30, 2023
Earnings Per Share [Abstract] |
Schedule of Earnings Per Share | The average number of common shares used in the computation of basic and diluted earnings per share are set forth in the tables below. There were no anti-dilutive shares in 2023 or 2022. Participating securities in the tables reflect dividends on nonvested restricted shares.
|  | Three Months Ended June 30, |
($ and outstanding shares in thousands - except per share data) |  | 2023 |  |  | 2022 |
Distributed earnings allocated to common shares |  | $ | 899 |  |  | $ | 858 |
Undistributed earnings allocated to common shares |  |  | 2,168 |  |  |  | 1,968 |
Net earnings allocated to common shares |  |  | 3,067 |  |  |  | 2,826 |
Net earnings allocated to participating securities |  |  | 8 |  |  |  | 8 |
Net Income allocated to common shares and participating securities |  | $ | 3,075 |  |  | $ | 2,834 |
Weighted average shares outstanding for basic earnings per share |  |  | 6,847 |  |  |  | 7,075 |
Dilutive effect of stock compensation |  |  | 63 |  |  |  | 74 |
Weighted average shares outstanding for diluted earnings per share |  |  | 6,910 |  |  |  | 7,149 |
Basic earnings per common share |  | $ | 0.45 |  |  | $ | 0.40 |
Diluted earnings per common share |  | $ | 0.44 |  |  | $ | 0.40 |
|  | Six Months Ended June 30, |
($ and outstanding shares in thousands - except per share data) |  | 2023 |  |  | 2022 |
Distributed earnings allocated to common shares |  | $ | 1,776 |  |  | $ | 1,694 |
Undistributed earnings allocated to common shares |  |  | 3,733 |  |  |  | 3,939 |
Net earnings allocated to common shares |  |  | 5,509 |  |  |  | 5,633 |
Net earnings allocated to participating securities |  |  | 16 |  |  |  | 14 |
Net Income allocated to common shares and participating securities |  | $ | 5,525 |  |  | $ | 5,647 |
Weighted average shares outstanding for basic earnings per share |  |  | 6,890 |  |  |  | 7,055 |
Dilutive effect of stock compensation |  |  | 86 |  |  |  | 61 |
Weighted average shares outstanding for diluted earnings per share |  |  | 6,976 |  |  |  | 7,116 |
Basic earnings per common share |  | $ | 0.80 |  |  | $ | 0.80 |
Diluted earnings per common share |  | $ | 0.79 |  |  | $ | 0.79 |

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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 -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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