Note 3 - Earnings Per Common Share (Tables)

9 Months Ended

Sep. 30, 2018

Notes Tables

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

(Dollar amounts in thousands, except for per share amounts)	For the three months ended				For the nine months ended
	September 30,				September 30,
	2018		2017		2018		2017
Earnings per common share - basic
Net income	$	1,161	$	1,707	$	3,935	$	3,704
Less: Preferred stock dividends		-		-		-		-
Net income available to common stockholders	$	1,161	$	1,707	$	3,935	$	3,704
Average common shares outstanding		2,271,139		2,204,949		2,271,139		2,174,210
Basic earnings per common share	$	0.51	$	0.77	$	1.73	$	1.70
Earnings per common share - diluted
Net income available to common stockholders	$	1,161	$	1,707	$	3,935	$	3,704
Average common shares outstanding		2,271,139		2,204,949		2,271,139		2,174,210
Add: Dilutive effects of assumed issuance of restricted stock and exercise of stock options		20,147		15,471		17,584		16,437
Average shares and dilutive potential common shares		2,291,286		2,220,420		2,288,723		2,190,647
Diluted earnings per common share	$	0.51	$	0.77	$	1.72	$	1.69
Stock options not considered in computing earnings per share because they were antidilutive		-		-		-		-