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Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share

The computation of basic and diluted earnings per share is shown below. There were no anti-dilutive stock options for the years ended December 31, 2019, 2018, and 2017. 
 
Years Ended December 31,
 
2019
 
2018
 
2017
Basic earnings per common share computation
 
 
 
 
 
Net income per consolidated statements of income
$
40,081

 
$
33,719

 
$
23,860

Net earnings allocated to participating securities
(147
)
 
(150
)
 
(135
)
Net earnings allocated to common stock
$
39,934

 
$
33,569

 
$
23,725

Distributed earnings allocated to common stock
$
10,317

 
$
10,186

 
$
10,030

Undistributed earnings allocated to common stock
29,617

 
23,383

 
13,695

Net earnings allocated to common stock
$
39,934

 
$
33,569

 
$
23,725

Weighted average common shares outstanding, including shares considered participating securities
15,219

 
15,274

 
15,212

Less: Average participating securities
(55
)
 
(64
)
 
(80
)
Weighted average shares
15,164

 
15,210

 
15,132

Basic earnings per common share
$
2.63

 
$
2.21

 
$
1.57

Diluted earnings per common share computation
 
 
 
 
 
Net earnings allocated to common stock
$
39,934

 
$
33,569

 
$
23,725

Weighted average common shares outstanding for basic earnings per common share
15,164

 
15,210

 
15,132

Add: Dilutive effects of assumed exercises of stock options
0

 
0

 
0

Weighted average shares and dilutive potential common shares
15,164

 
15,210

 
15,132

Diluted earnings per common share
$
2.63

 
$
2.21

 
$
1.57