Note 18 - Earnings Per Share

12 Months Ended

Dec. 31, 2020

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,
	2020		2019
Net income	$	6,748	$	7,954
Less: Preferred stock dividends		186		182
Net income available to common stockholders	$	6,562	$	7,772
Average common shares outstanding		2,709,532		2,699,397
Add: Dilutive effects of restricted stock awards		17,815		19,349
Average shares and dilutive potential common shares		2,727,347		2,718,746
Basic earnings per common share	$	2.42	$	2.88
Diluted earnings per common share	$	2.41	$	2.86