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Note 9 - Earnings Per Share - Calculation of Diluted Weighted-average Shares Outstanding (Details) - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Net income from continuing operations $ 278,057 $ 387,143
Net loss from discontinued operations (345,935)
Less: Earnings (loss) 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 (in shares) 3,208,618 3,360,612
Less: Average participating securities (in shares) (40,012) (49,798)
Less: Average unallocated ESOP Shares (in shares) (164,096) (170,316)
Average shares (in shares) 3,004,510 3,140,498
Earnings per common share - continuing operations (in dollars per share) $ 0.09 $ 0.12
Loss per common share - discontinued operations (in dollars per share) (0.11)
Earnings per common share - Basic (in dollars per share) $ 0.09 $ 0.01
Net income allocated to common shareholders $ 497,432 $ 40,565
Add: Dilutive effects of assumed exercises of stock options (in shares) 4,712
Weighted average shares and dilutive potential common shares (in shares) 3,004,510 3,145,210
Diluted earnings per common share - continuing operations (in dollars per share) $ 0.09 $ 0.12
Diluted loss per common share - discontinued operations (in dollars per share) (0.11)
Earnings per common share - Diluted (in dollars per share) $ 0.09 $ 0.01