Note 18 - Earnings Per Share

12 Months Ended

Dec. 31, 2021

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,
	2021		2020
Net income	$	10,171	$	6,748
Less: Preferred stock dividends		196		186
Net income available to common stockholders	$	9,975	$	6,562
Average common shares outstanding		2,722,133		2,709,532
Add: Dilutive effects of restricted stock awards		26,420		17,815
Average shares and dilutive potential common shares		2,748,553		2,727,347
Basic earnings per common share	$	3.66	$	2.42
Diluted earnings per common share	$	3.63	$	2.41