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Earnings Per Share (Tables) | 12 Months Ended
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Dec. 31, 2023
Earnings Per Share [Abstract] |
Schedule of Earnings Per Common Share | EPS for the years ended December 31, 2023 and 2022 is computed as follows:
|  | Twelve Months Ended December 31, |
($ and outstanding shares in thousands - except per share data) |  | 2023 |  |  | 2022 |
Distributed earnings allocated to common shares |  | $ | 3,584 |  |  | $ | 3,412 |
Undistributed earnings allocated to common shares |  |  | 8,482 |  |  |  | 9,082 |
Net earnings allocated to common shares |  |  | 12,066 |  |  |  | 12,494 |
Net earnings allocated to participating securities |  |  | 29 |  |  |  | 27 |
Net Income allocated to common shares and participating securities |  | $ | 12,095 |  |  | $ | 12,521 |
Weighted average shares outstanding for basic earnings per share |  |  | 6,829 |  |  |  | 7,005 |
Dilutive effect of stock compensation |  |  | 88 |  |  |  | 73 |
Weighted average shares outstanding for diluted earnings per share |  |  | 6,917 |  |  |  | 7,078 |
Basic earnings per common share |  | $ | 1.77 |  |  | $ | 1.79 |
Diluted earnings per common share |  | $ | 1.75 |  |  | $ | 1.77 |

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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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