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Note 9 - Earnings Per Common Share
6 Months Ended
Jun. 30, 2023
Notes to Financial Statements  
Earnings Per Share [Text Block]

 

 

NOTE 9. EARNINGS PER COMMON SHARE 

 

The computations of basic and diluted earnings per common share are as follows:

 

   

Three Months Ended

   

Six Months Ended

 
   

June 30,

   

June 30,

 
   

2023

   

2022

   

2023

   

2022

 
   

(Dollars in Thousands, Except Per Share Data)

 

Basic weighted average shares outstanding

    7,789,559       7,410,796       7,789,872       6,960,963  

Dilutive effect of stock compensation

    3,851       11,226       3,065       12,270  

Diluted weighted average shares outstanding

    7,793,410       7,422,022       7,792,937       6,973,233  
                                 

Net income available to common shareholders

  $ 2,015     $ 1,771     $ 5,257     $ 3,987  
                                 

Basic earnings common per share

  $ 0.26     $ 0.24     $ 0.67     $ 0.57  
                                 

Diluted earnings per common share

  $ 0.26     $ 0.24     $ 0.67     $ 0.57  
                                 

Restricted stock units excluded from the diluted average outstanding share calculation because their effect would be anti-dilutive

    24,545       -       18,046       -