Note 4 - Earnings Per Share & Share Repurchase Plan (Tables)

6 Months Ended

Jun. 30, 2018

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:

	Three months ended June 30,				Six months ended June 30,
	2018		2017		2018		2017
Numerator for basic and diluted earnings per share - net income	$	2,862	$	2,386	$	5,797	$	5,246
Denominator for basic earnings per share - weighted average shares outstanding		3,460,360		3,425,356		3,456,467		3,420,239
Effect of dilutive securities - employee stock options		20,952		17,852		20,407		16,027
Denominator for diluted earnings per share - adjusted weighted average shares outstanding		3,481,312		3,443,208		3,476,874		3,436,266
Earnings per share - basic	$	0.83	$	0.70	$	1.68	$	1.53
Earnings per share - diluted		0.82		0.69		1.67		1.53