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Earnings Per Share (Tables)
 3 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share
The computation of basic and diluted earnings per share is shown below:
 
Three months ended March 31,
 
2020
 
2019
Basic earnings per common share computation:
 
 
 
Net income per consolidated statements of income
$
8,813

 
$
9,473

Net earnings allocated to participating securities
(30
)
 
(39
)
Net earnings allocated to common stock
$
8,783

 
$
9,434

Distributed earnings allocated to common stock
$
2,608

 
$
2,579

Undistributed earnings allocated to common stock
6,175

 
6,855

Net earnings allocated to common stock
$
8,783

 
$
9,434

Weighted average common shares outstanding, including shares considered participating securities
15,333

 
15,229

Less: Average participating securities
(52
)
 
(62
)
Weighted average shares
15,281

 
15,167

Basic earnings per common share
$
0.57

 
$
0.62

Diluted earnings per common share computation:
 
 
 
Net earnings allocated to common stock
$
8,783

 
$
9,434

Weighted average common shares outstanding for basic earnings per common share
15,281

 
15,167

Add: Dilutive effects of assumed exercises of stock options
0

 
0

Weighted average shares and dilutive potential common shares
15,281

 
15,167

Diluted earnings per common share
$
0.57

 
$
0.62