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Dividends and Basic Earnings Per Common Share (Tables)
 3 Months Ended
Mar. 31, 2016
Dividends and Basic Earnings Per Common Share [Abstract]  
Calculation of Basic Earnings per Share
The following table calculates the basic earnings per common share for the three months ended March 31, 2016 and 2015.

(net income in thousands)
 
2016
  
2015
 
Net Income
 
$
7,172
  
$
6,403
 
Weighted Average Number of Common Shares Outstanding
  
791,895
   
785,366
 
Basic Earnings Per Common Share Amount
 
$
9.06
  
$
8.15