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Note 4 - Earnings Per Share & Share Repurchase Plan (Tables)
3 Months Ended
Mar. 31, 2023
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share

The following sets forth the computation of basic and diluted earnings per share:

 

 

For the Three Months Ended March 31,

 

 

 

2023

 

 

2022

 

Numerator for basic and diluted earnings per share - net income

 

$

4,118

 

 

$

3,710

 

Denominator for basic earnings per share - weighted
   average shares outstanding

 

 

3,588,363

 

 

 

3,552,854

 

Effect of dilutive securities - employee stock options

 

 

 

 

 

1,602

 

Denominator for diluted earnings per share - adjusted
   weighted average shares outstanding

 

 

3,588,363

 

 

 

3,554,456

 

Earnings per share - basic

 

$

1.15

 

 

$

1.04

 

Earnings per share - diluted

 

 

1.15

 

 

 

1.04