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Basic and Diluted Earnings Per Share | 12 Months Ended
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Dec. 31, 2019
Basic and Diluted Earnings Per Share [Abstract] |
Basic and Diluted Earnings Per Share Text Block | NOTE 2: BASIC AND DILUTED NET EARNINGS PER SHARE Basic net earnings per share is computed by dividing net earnings by the weighted average common shares outstanding for the year. Diluted net earnings per share reflect the potential dilution that could occur upon exercise of securities or other rights for, or convertible into, shares of the Company’s common stock. As of December 31, 2019 and 2018, respectively, the Company had no such securities or other rights issued or outstanding, and the refore, no dilutive effect to consider for the diluted net earnings per share calculation. The basic and diluted net earnings per share computations for the respective years are presented below.
|  |  |  |  | Year ended December 31
(Dollars in thousands, except share and per share data) |  |  | 2019 |  |  | 2018
Basic and diluted: |  |  |  |  |  |
Net earnings |  | $ | 9,741 |  | $ | 8,834
Weighted average common shares outstanding |  |  | 3,581,476 |  |  | 3,643,780
| Net earnings per share |  | $ | 2.72 |  | $ | 2.42

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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