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Earnings Per Share (Tables)
9 Months Ended
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