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Earnings Per Common Share (Tables)
9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Schedule of basic and diluted earnings per share
The following table presents basic and diluted earnings per share for the three and nine month periods ended September 30, 2017 and 2016.
 
Three Months Ended September 30,
 
2017
 
2016
 
Shares
 
Per
Share
Amount
 
Shares
 
Per
Share
Amount
Basic earnings per share
8,644,310

 
$
0.55

 
8,608,323

 
$
0.46

Effect of dilutive securities - stock options
18,936

 

 
10,012

 

Diluted earnings per share
8,663,246

 
$
0.55

 
8,618,335

 
$
0.46


 
Nine Months Ended September 30,
 
2017
 
2016
 
Shares
 
Per
Share
Amount
 
Shares
 
Per
Share
Amount
Basic earnings per share
8,639,433

 
$
1.52

 
8,610,100

 
$
1.41

Effect of dilutive securities - stock options
18,458

 

 
8,286

 

Diluted earnings per share
8,657,891

 
$
1.52

 
8,618,386

 
$
1.41