Note 11 - Earnings Per Common Share

3 Months Ended

Mar. 31, 2018

Notes to Financial Statements

Earnings Per Share [Text Block]

(

1

1

)

Earnings

per

Common

Share

The following table reconciles the weighted average shares outstanding and the earnings available to common shareholders used for basic and diluted earnings per common share:

	Three months ended March 31,
(Dollars in thousands, except per share data)	2018		2017
Weighted average number of common shares outstanding used in basic earnings per common share calculation		4,236,861		4,203,587
Net dilutive effect of:
Restricted stock awards, options and warrants		665,389		653,929
Weighted average number of shares outstanding adjusted for effect of dilutive securities		4,902,250		4,857,516
Income available to common shareholders	$	1,445		1,216
Basic earnings per common share	$	0.34		0.29
Diluted earnings per common share	$	0.29		0.25