Note 18 - Earnings Per Share

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Earnings Per Share [Text Block]

18. Earnings Per Share

The factors used in the Corporation’s earnings per share computation follow:

(Dollar amounts in thousands, except for per share amounts)	For the year ended December 31,
	2019		2018
Net income	$	7,954	$	4,211
Less: Preferred stock dividends		182		91
Net income available to common stockholders	$	7,772	$	4,120
Average common shares outstanding		2,699,397		2,377,277
Add: Dilutive effects of restricted stock awards		19,349		18,400
Average shares and dilutive potential common shares		2,718,746		2,395,677
Basic earnings per common share	$	2.88	$	1.73
Diluted earnings per common share	$	2.86	$	1.72
Restricted stock awards not considered in computing earnings per share because they were antidulitive		—		—