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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2015
Earnings Per Share [Abstract]  
Calculation of Basic Earnings Per Share

The table below presents basic and diluted earnings per share for the years ended December 31, 2015, 2014, and 2013.

 

     Year Ended  
     December 31,      December 31,      December 31,  
     2015      2014      2013  

Earnings per share

        

Net income

   $ 10,340       $ 9,646       $ 9,007   

Less: distributed earnings allocated to participating securities

     (31      (27      (25

Less: undistributed earnings allocated to participating securities

     (47      (40      (34
  

 

 

    

 

 

    

 

 

 

Net earnings available to common shareholders

   $ 10,262       $ 9,579       $ 8,948   
  

 

 

    

 

 

    

 

 

 

Weighted average common shares outstanding including participating securities

     4,617,058         4,628,178         4,676,547   

Less: average unvested resticted shares

     (35,000      (32,278      (30,618
  

 

 

    

 

 

    

 

 

 

Weighted average common shares outstanding

     4,582,058         4,595,900         4,645,929   
  

 

 

    

 

 

    

 

 

 

Basic and diluted earnings per share

   $ 2.24       $ 2.08       $ 1.93