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Note 2 - Earnings Per Share and Share Repurchase Plan (Tables)
12 Months Ended
Dec. 31, 2017
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share

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

 

Year ended December 31,

 

2017

 

 

2016

 

 

2015

 

Numerator for basic and diluted earnings per share - net income

 

$

8,289

 

 

$

8,924

 

 

$

8,233

 

Denominator for basic earnings per share - weighted average shares

   outstanding

 

 

3,428,970

 

 

 

3,386,766

 

 

 

3,337,505

 

Effect of dilutive securities - employee stock options

 

 

16,841

 

 

 

9,073

 

 

 

13,034

 

Denominator for diluted earnings per share - adjusted weighted average

   shares outstanding

 

 

3,445,811

 

 

 

3,395,839

 

 

 

3,350,539

 

Earnings per share - basic

 

$

2.42

 

 

$

2.64

 

 

$

2.47

 

Earnings per share - diluted

 

$

2.41

 

 

$

2.63

 

 

$

2.46