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Note 2 - Earnings Per Common Share
 3 Months Ended
Mar. 31, 2021
Notes to Financial Statements  
Earnings Per Share [Text Block]
2.
Earnings per Common Share
 
Basic earnings per common share (EPS) excludes dilution and is computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted EPS includes the dilutive effect of additional potential common shares for assumed issuance of restricted stock.
 
The factors used in the Corporation's earnings per common share computation follow:
(Dollar amounts in thousands, except for per share amounts)
  
For the three months ended March
31,
  
   
2021
    
2020
  
Net income
   $
2,174
     $
1,190
  
Less: Preferred stock dividends
    
—
      
—
  
Net income available to common stockholders
   $
2,174
     $
1,190
  
Average common shares outstanding
    
2,721,212
      
2,708,712
  
Add: Dilutive effects of restricted stock awards
    
18,977
      
14,898
  
Average shares and dilutive potential common shares
    
2,740,189
      
2,723,610
  
Basic earnings per common share
   $
0.80
     $
0.44
  
Diluted earnings per common share
   $
0.79
     $
0.44