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Earnings Per Share (Tables) | 9 Months Ended
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Sep. 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.
|  | Three Months Ended Sep. 30, |
($ and outstanding shares in thousands - except per share data) |  | 2024 |  |  | 2023 |
Distributed earnings allocated to common shares |  | $ | 943 |  |  | $ | 891 |
Undistributed earnings allocated to common shares |  |  | 1,403 |  |  |  | 1,789 |
Net earnings allocated to common shares |  |  | 2,346 |  |  |  | 2,680 |
Net earnings allocated to participating securities |  |  | 8 |  |  |  | 7 |
Net Income allocated to common shares and participating securities |  | $ | 2,354 |  |  | $ | 2,687 |
Weighted average shares outstanding for basic earnings per share |  |  | 6,660 |  |  |  | 6,791 |
Dilutive effect of stock compensation |  |  | 15 |  |  |  | 87 |
Weighted average shares outstanding for diluted earnings per share |  |  | 6,675 |  |  |  | 6,878 |
Basic earnings per common share |  | $ | 0.35 |  |  | $ | 0.40 |
Diluted earnings per common share |  | $ | 0.35 |  |  | $ | 0.39 |
|  | Nine Months Ended Sep. 30, |
($ and outstanding shares in thousands - except per share data) |  | 2024 |  |  | 2023 |
Distributed earnings allocated to common shares |  | $ | 2,805 |  |  | $ | 2,666 |
Undistributed earnings allocated to common shares |  |  | 5,004 |  |  |  | 5,523 |
Net earnings allocated to common shares |  |  | 7,809 |  |  |  | 8,189 |
Net earnings allocated to participating securities |  |  | 26 |  |  |  | 23 |
Net Income allocated to common shares and participating securities |  | $ | 7,835 |  |  | $ | 8,212 |
Weighted average shares outstanding for basic earnings per share |  |  | 6,689 |  |  |  | 6,857 |
Dilutive effect of stock compensation |  |  | 15 |  |  |  | 87 |
Weighted average shares outstanding for diluted earnings per share |  |  | 6,704 |  |  |  | 6,944 |
Basic earnings per common share |  | $ | 1.17 |  |  | $ | 1.20 |
Diluted earnings per common share |  | $ | 1.17 |  |  | $ | 1.18 |

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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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