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

9 Months Ended

Sep. 30, 2020

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 September 30,				For the Nine Months Ended September 30,
	2020		2019		2020		2019
Numerator for basic and diluted earnings per share - net income	$	3,778	$	3,090	$	7,932	$	9,612
Denominator for basic earnings per share - weighted average    shares outstanding		3,542,805		3,501,771		3,532,555		3,494,471
Effect of dilutive securities - employee stock options		—		6,546		122		7,036
Denominator for diluted earnings per share - adjusted    weighted average shares outstanding		3,542,805		3,508,317		3,532,677		3,501,507
Earnings per share - basic	$	1.07	$	0.88	$	2.25	$	2.75
Earnings per share - diluted		1.07		0.88		2.25		2.75