Note 18 - Earnings Per Share

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Earnings Per Share [Text Block]

Note

1

8

. Earnings per Share

The following table presents the calculation of basic and diluted earnings per common share for the periods indicated:

	Year Ended December 31,
	2019		2018		2017
(Amounts in thousands, except share and per share data)
Net income	$	38,802	$	36,340	$	21,485
Weighted average common shares outstanding, basic		15,690,812		16,587,504		17,002,116
Dilutive effect of potential common shares
Stock options		53,907		62,417		52,205
Restricted stock		11,374		16,464		23,521
Total dilutive effect of potential common shares		65,281		78,881		75,726
Weighted average common shares outstanding, diluted		15,756,093		16,666,385		17,077,842
Basic earnings per common share	$	2.47	$	2.19	$	1.26
Diluted earnings per common share		2.46		2.18		1.26
Antidilutive potential common shares
Stock options		25		19		64,081
Restricted stock		25,853		2,736		3,620
Total potential antidilutive shares		25,878		2,755		67,701