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Note 2 - Earnings Per Share and Share Repurchase Plan (Tables)
12 Months Ended
Dec. 31, 2021
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,

 

2021

 

 

2020

 

 

2019

 

Numerator for basic and diluted earnings per share - net income

 

$

16,492

 

 

$

12,083

 

 

$

12,357

 

Denominator for basic earnings per share - weighted average shares

   outstanding

 

 

3,553,949

 

 

 

3,537,323

 

 

 

3,498,326

 

Effect of dilutive securities - employee stock options

 

 

189

 

 

 

37

 

 

 

5,824

 

Denominator for diluted earnings per share - adjusted weighted average

   shares outstanding

 

 

3,554,138

 

 

 

3,537,360

 

 

 

3,504,150

 

Earnings per share - basic

 

$

4.64

 

 

$

3.42

 

 

$

3.53

 

Earnings per share - diluted

 

$

4.64

 

 

$

3.42

 

 

$

3.53