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Earnings Per Share (Tables)

6 Months Ended

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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- References

No definition available.

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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

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