Note 8 - Earnings Per Share

6 Months Ended

Jun. 30, 2021

Notes to Financial Statements

Earnings Per Share [Text Block]

Note 8 - Earnings per 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 and diluted earnings per common share computations for the three and six months ended June 30, 2021, and 2020, are as follows:

	Three Months Ended				Six Months Ended
(Dollars in thousands, except per share data)	June 30,				June 30,
	2021		2020		2021		2020
Basic earnings per common share:
Net income as reported	$	3,571	$	4,851	$	8,114	$	7,964
Weighted average common shares outstanding		3,478,392		3,463,136		3,475,017		3,460,820
Basic earnings per common share	$	1.03	$	1.40	$	2.33	$	2.30
Diluted earnings per common share:						-
Net income as reported	$	3,571	$	4,851	$	8,114	$	7,964
Weighted average common shares outstanding		3,478,392		3,463,136		3,475,017		3,460,820
Weighted average common and dilutive potential common shares outstanding		3,478,392		3,463,136		3,475,017		3,460,820
Diluted earnings per common share	$	1.03	$	1.40	$	2.33	$	2.30