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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2015
Accounting Policies [Abstract]  
Computation of Weighted Average Number of Common Shares Outstanding for Basic and Diluted Earnings Per Share

The weighted average number of common shares outstanding for basic and diluted earnings per share computations was as follows:

 

     2015        2014        2013  

 

 

Weighted average common shares

     2,980,602           2,980,602           2,980,602   

Average treasury shares

     (241,132        (242,966        (244,129
  

 

 

      

 

 

      

 

 

 

Total weighted average common shares outstanding (basic)

     2,739,470           2,737,636           2,736,473   

Dilutive effect of assumed exercise of stock options

     2,638           1,442           2,004   
  

 

 

      

 

 

      

 

 

 

Weighted average common shares outstanding (diluted)

       2,742,108             2,739,078             2,738,477