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Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2024

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 table below. There were no anti-dilutive shares in 2024 or 2023.

($ and outstanding shares in thousands - except per share data)		Three Months Ended June 30,
		2024				2023
Distributed earnings allocated to common shares		$	946			$	899
Undistributed earnings allocated to common shares			2,157				2,168
Net earnings allocated to common shares			3,103				3,067
Net earnings allocated to participating securities			10				8
Net Income allocated to common shares and participating securities		$	3,113			$	3,075
Weighted average shares outstanding for basic earnings per share			6,692				6,847
Dilutive effect of stock compensation			8				63
Weighted average shares outstanding for diluted earnings per share			6,700				6,910
Basic earnings per common share		$	0.47			$	0.45
Diluted earnings per common share		$	0.47			$	0.44

($ and outstanding shares in thousands - except per share data)		Six Months Ended June 30,
		2024				2023
Distributed earnings allocated to common shares		$	1,863			$	1,776
Undistributed earnings allocated to common shares			3,600				3,733
Net earnings allocated to common shares			5,463				5,509
Net earnings allocated to participating securities			18				16
Net Income allocated to common shares and participating securities		$	5,481			$	5,525
Weighted average shares outstanding for basic earnings per share			6,703				6,890
Dilutive effect of stock compensation			12				86
Weighted average shares outstanding for diluted earnings per share			6,715				6,976
Basic earnings per common share		$	0.82			$	0.80
Diluted earnings per common share		$	0.82			$	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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