Note 14 - Earnings per Common Share

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Earnings Per Share [Text Block]

Note

1

4

–

Earnings per Common Share

Earnings per common share is computed by dividing net income by the weighted-average number of common shares outstanding. A reconciliation of the numerators and denominators of the basic earnings per common share and diluted earnings per common share computations for

2019

and

2018

is presented below.

	2019		2018
Basic earnings per common share:
Net income as reported	$	12,097	$	9,337
Weighted average common shares outstanding		3,425,056		2,949,212
Basic earnings per common share	$	3.53	$	3.17
Diluted earnings per common share:
Net income as reported	$	12,097	$	9,337
Weighted average common shares outstanding		3,425,056		2,949,212
Weighted average common and dilutive potential common shares outstanding		3,425,056		2,949,212
Diluted earnings per common share	$	3.53	$	3.17