Note 8 - Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2018

Notes Tables

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

	Three Months Ended September 30,						Nine Months Ended September 30,
	2018			2017			2018			2017
Basic:
Net income	$	142,242		$	811,728		$	892,430		$	952,077
Less: Earnings allocated to participating securities		(3,313	)		-			(21,681	)		-
Net income allocated to common shareholders	$	138,929		$	811,728		$	870,749		$	952,077
Weighted-average common shares outstanding including participating securities		3,404,065			3,438,190			3,416,900			3,438,190
Less: Average participating securities		(75,179	)		-			(75,083	)		-
Less: Average unallocated ESOP Shares		(176,102	)		(181,887	)		(176,102	)		(181,887	)
Average shares		3,152,784			3,256,303			3,165,715			3,256,303
Basic earnings per common share	$	0.04		$	0.25		$	0.28		$	0.29
Diluted:
Net income allocated to common shareholders	$	138,929		$	811,728		$	870,749		$	952,077
Weighted-average common shares outstanding for basic earnings per common share		3,152,784			3,256,303			3,165,715			3,256,303
Add: Dilutive effects of assumed exercises of stock options		13,362			9,218			9,480			8,729
Weighted average shares and dilutive potential common shares		3,166,146			3,265,521			3,175,195			3,265,032
Diluted earnings per common share	$	0.04		$	0.25		$	0.27		$	0.29