Note 9 - Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2019

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,
	2019			2018			2019			2018
Basic:
Net income from continuing operations	$	452,384		$	543,942		$	1,352,259		$	1,585,265
Net loss from discontinued operations		-			(401,700	)		(1,198,445	)		(692,835	)
Less: Earnings allocated to participating securities (1)		(7,082	)		(3,313	)		(2,466	)		(21,681	)
Net income allocated to common shareholders	$	445,302		$	138,929		$	151,348		$	870,749
Weighted-average common shares outstanding including participating securities		3,271,001			3,404,065			3,328,806			3,416,900
Less: Average participating securities		(48,544	)		(75,179	)		(49,069	)		(75,083	)
Less: Average unallocated ESOP Shares		(170,316	)		(176,102	)		(170,316	)		(176,102	)
Average shares		3,052,141			3,152,784			3,109,421			3,165,715
Basic earnings per common share - continuing operations	$	0.15		$	0.17		$	0.43		$	0.50
Basic loss per common share - discontinued operations		-			(0.13	)		(0.38	)		(0.22	)
Basic earnings per common share	$	0.15		$	0.04		$	0.05		$	0.28
Diluted:
Net income allocated to common shareholders	$	445,302		$	138,929		$	151,348		$	870,749
Weighted-average common shares outstanding for basic earnings per common share		3,052,141			3,152,784			3,109,421			3,165,715
Add: Dilutive effects of assumed exercises of stock options		4,095			13,362			3,554			9,480
Weighted average shares and dilutive potential common shares		3,056,236			3,166,146			3,112,975			3,175,195
Diluted earnings per common share - continuing operations	$	0.15		$	0.17		$	0.43		$	0.49
Diluted loss per common share - discontinued operations		-			(0.13	)		(0.38	)		(0.22	)
Diluted earnings per common share	$	0.15		$	0.04		$	0.05		$	0.27