Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 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 June 30,				Six months ended June 30,
	2020		2019		2020		2019
Basic earnings per common share computation:
Net income per consolidated statements of income	$	8,246	$	9,767	$	17,059	$	19,240
Net earnings allocated to participating securities	(29)		(40)		(59)		(78)
Net earnings allocated to common stock	$	8,217	$	9,727	$	17,000	$	19,162
Distributed earnings allocated to common stock	$	2,608	$	2,580	$	5,216	$	5,160
Undistributed earnings allocated to common stock	5,609		7,147		11,784		14,002
Net earnings allocated to common stock	$	8,217	$	9,727	$	17,000	$	19,162
Weighted average common shares outstanding, including shares considered participating securities	15,393		15,230		15,365		15,230
Less: Average participating securities	(52)		(62)		(52)		(62)
Weighted average shares	15,341		15,168		15,313		15,168
Basic earnings per common share	$	0.54	$	0.64	$	1.11	$	1.26
Diluted earnings per common share computation:
Net earnings allocated to common stock	$	8,217	$	9,727	$	17,000	$	19,162
Weighted average common shares outstanding for basic earnings per common share	15,341		15,168		15,313		15,168
Add: Dilutive effects of assumed exercises of stock options	0		0		0		0
Weighted average shares and dilutive potential common shares	15,341		15,168		15,313		15,168
Diluted earnings per common share	$	0.54	$	0.64	$	1.11	$	1.26