Note 12 - Earnings Per Common Share

12 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Earnings Per Share [Text Block]

Note

12.

Earnings per Common Share

The following tables show the weighted average number of shares used in computing earnings per common share and the effect on weighted average number of shares of diluted potential common stock.

	For the Years Ended December 31,
	2018						2017
Dollars in Thousands, except share and per share data	Weighted Average Common Shares Outstanding		Net Income Available to Common Shareholders		Per Share Amount		Weighted Average Common Shares Outstanding		Net Income Available to Common Shareholders		Per Share Amount
Earnings per common share, basic		5,805,654	$	3,954	$	0.68		5,769,752	$	2,496	$	0.43
Effect of dilutive securities:
Dilutive stock options		47,623		−		−		34,630		−		−
Earnings per common share, diluted		5,853,277	$	3,954	$	0.68		5,804,382	$	2,496	$	0.43

At

December 31, 2018,

no

stock options were considered antidilutive and excluded from the calculation of diluted weighted average shares. At

December 31, 2017,

the number of stock options considered antidilutive and excluded from the calculation of diluted weighted average shares were

38,500.

Non-vested restricted shares were included in weighted average common shares outstanding for computing basic earnings per share, as the holder has voting rights and would share in dividends during the vesting period.