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Earnings Per Share (Tables) | 9 Months Ended
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Sep. 30, 2023
Earnings Per Share [Abstract] |
Schedule of Basic and Diluted 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.
|  | Three Months Ended September 30, |
($ and outstanding shares in thousands - except per share data) |  | 2023 |  |  | 2022 |
Distributed earnings allocated to common shares |  | $ | 891 |  |  | $ | 843 |
Undistributed earnings allocated to common shares |  |  | 1,789 |  |  |  | 2,492 |
Net earnings allocated to common shares |  |  | 2,680 |  |  |  | 3,335 |
Net earnings allocated to participating securities |  |  | 7 |  |  |  | 7 |
Net Income allocated to common shares and participating securities |  | $ | 2,687 |  |  | $ | 3,342 |
Weighted average shares outstanding for basic earnings per share |  |  | 6,791 |  |  |  | 6,968 |
Dilutive effect of stock compensation |  |  | 87 |  |  |  | 65 |
Weighted average shares outstanding for diluted earnings per share |  |  | 6,878 |  |  |  | 7,033 |
Basic earnings per common share |  | $ | 0.40 |  |  | $ | 0.48 |
Diluted earnings per common share |  | $ | 0.39 |  |  | $ | 0.47 |
|  | Nine Months Ended September 30, |
($ and outstanding shares in thousands - except per share data) |  | 2023 |  |  | 2022 |
Distributed earnings allocated to common shares |  | $ | 2,666 |  |  | $ | 2,539 |
Undistributed earnings allocated to common shares |  |  | 5,523 |  |  |  | 6,428 |
Net earnings allocated to common shares |  |  | 8,189 |  |  |  | 8,967 |
Net earnings allocated to participating securities |  |  | 23 |  |  |  | 21 |
Net Income allocated to common shares and participating securities |  | $ | 8,212 |  |  | $ | 8,988 |
Weighted average shares outstanding for basic earnings per share |  |  | 6,857 |  |  |  | 7,026 |
Dilutive effect of stock compensation |  |  | 87 |  |  |  | 72 |
Weighted average shares outstanding for diluted earnings per share |  |  | 6,944 |  |  |  | 7,098 |
Basic earnings per common share |  | $ | 1.20 |  |  | $ | 1.28 |
Diluted earnings per common share |  | $ | 1.18 |  |  | $ | 1.27 |

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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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