Note 8 - Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2018

Notes Tables

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]

	Three Months Ended June 30,						Six Months Ended June 30,
	2018			2017			2018			2017
Basic:
Net income available to common shareholders	$	379,561		$	338,098		$	750,188		$	140,348
Less: Earnings allocated to participating securities		(8,844	)		-			(17,336	)		-
Net income allocated to common shareholders	$	370,717		$	338,098		$	732,852		$	140,348
Weighted-average common shares outstanding including participating securities		3,402,706			3,438,190			3,423,430			3,438,190
Less: Average participating securities		(75,179	)		-			(75,042	)		-
Less: Average unallocated ESOP Shares		(176,102	)		(181,887	)		(176,102	)		(181,887	)
Average shares		3,151,425			3,256,303			3,172,287			3,256,303
Basic earnings per common share	$	0.12		$	0.10		$	0.23		$	0.04
Diluted:
Net income allocated to common shareholders	$	370,717		$	338,098		$	732,852		$	140,348
Weighted-average common shares outstanding for basic earnings per common share		3,151,425			3,256,303			3,172,287			3,256,303
Add: Dilutive effects of assumed exercises of stock options		12,788			9,218			11,516			8,729
Weighted average shares and dilutive potential common shares		3,164,212			3,265,521			3,183,803			3,265,032
Diluted earnings per common share	$	0.12		$	0.10		$	0.23		$	0.04