Note 25 - Supplemental Disclosure for Earnings Per Share

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Earnings Per Share [Text Block]

(25)        SUPPLEMENTAL DISCLOSURE FOR EARNINGS PER SHARE

Basic earnings per common share is computed by dividing net income available to common shareholders by the weighted average number of shares of common stock outstanding during the periods presented. Diluted earnings per common share include the dilutive effect of additional potential common shares issuable under stock options, restricted stock and other potentially dilutive securities outstanding. Earnings and dividends per share are restated for stock splits and dividends through the date of issuance of the financial statements. Earnings per share information is presented below for the years ended December 31, 2021, 2020 and 2019.

(In thousands, except per share data)	Years Ended December 31,
	2021		2020		2019
Basic
Earnings:
Net income attributable to First Capital, Inc.	$	11,424	$	10,131	$	10,325
Shares:
Weighted average common shares outstanding		3,346,038		3,339,812		3,332,869
Net income attributable to First Capital, Inc. per common share, basic	$	3.41	$	3.03	$	3.10
Diluted
Earnings:
Net income attributable to First Capital, Inc.	$	11,424	$	10,131	$	10,325
Shares:
Weighted average common  shares outstanding		3,346,038		3,339,812		3,332,869
Add: Dilutive effect of restricted stock		457		9,465		11,203
Weighted average common  shares outstanding, as adjusted		3,346,495		3,349,277		3,344,072
Net income attributable to First Capital, Inc. per common share, diluted	$	3.41	$	3.02	$	3.09

Nonvested restricted stock shares are not considered as outstanding for purposes of computing weighted average common shares outstanding. No shares were excluded from the calculation of diluted net income per common share because their effect would be anti-dilutive for the years ended December 31, 2021, 2020 and 2019.