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PER SHARE DATA (Tables)
12 Months Ended
Dec. 31, 2023
PER SHARE DATA  
Schedule of Basic and Diluted earnings per share

(In Thousands, Except Share and Per Share Data)

    

Years Ended

December 31,

December 31,

December 31,

    

2023

2022

    

2021

Basic

 

  

  

 

  

Net income

$

24,148

$

26,618

$

30,554

Less: Dividends and undistributed earnings allocated to participating securities

 

(186)

 

(237)

 

(241)

Net income attributable to common shares

$

23,962

$

26,381

$

30,313

Basic weighted-average common shares outstanding

 

15,241,859

 

15,455,432

 

15,765,639

Basic earnings per common share (a)

$

1.57

$

1.71

$

1.92

Diluted

 

  

 

  

 

  

Net income attributable to common shares

$

23,962

$

26,381

$

30,313

Basic weighted-average common shares outstanding

 

15,241,859

 

15,455,432

 

15,765,639

Dilutive effect of potential common stock arising from stock options

 

0

 

3,099

 

6,316

Diluted weighted-average common shares outstanding

 

15,241,859

 

15,458,531

 

15,771,955

Diluted earnings per common share (a)

$

1.57

$

1.71

$

1.92

Weighted-average nonvested restricted shares outstanding

 

118,122

 

138,617

 

125,539

(a)Basic and diluted earnings per share under the two-class method are determined on net income reported on the income statement less earnings allocated to nonvested restricted shares with nonforfeitable dividends (participating securities).