Note 9 - Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2020

Notes Tables

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

	Three Months Ended March 31,
	2020			2019
Basic:
Net income from continuing operations	$	278,057		$	387,143
Net loss from discontinued operations		-			(345,935	)
Less: Earnings allocated to participating securities		(3,654	)		(643	)
Net income allocated to common shareholders	$	274,403		$	40,565
Weighted-average common shares outstanding including participating securities		3,208,618			3,360,612
Less: Average participating securities		(40,012	)		(49,798	)
Less: Average unallocated ESOP Shares		(164,096	)		(170,316	)
Average shares		3,004,510			3,140,498
Basic earnings per common share - continuing operations	$	0.09		$	0.12
Basic loss per common share - discontinued operations		-			(0.11	)
Basic earnings per common share	$	0.09		$	0.01
Diluted:
Net income allocated to common shareholders	$	497,432		$	40,565
Weighted-average common shares outstanding for basic earnings per common share		3,004,510			3,140,498
Add: Dilutive effects of assumed exercises of stock options		-			4,712
Weighted average shares and dilutive potential common shares		3,004,510			3,145,210
Diluted earnings per common share - continuing operations	$	0.09		$	0.12
Diluted loss per common share - discontinued operations		-			(0.11	)
Diluted earnings per common share	$	0.09		$	0.01