Note 11 - Earnings Per Common Share

6 Months Ended

Jun. 30, 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 share:

	Three Months Ended June 30,				Six Months Ended June 30,
(In thousands, except per share data)	2018		2017		2018		2017
Weighted average number of common shares outstanding used in basic earnings per common share calculation		4,291		4,211		4,264		4,208
Net dilutive effect of:
Restricted stock awards, options, and warrants		457		648		561		651
Weighted average number of shares outstanding adjusted for effect of dilutive securities		4,748		4,859		4,825		4,859
Income available to common shareholders	$	1,727		1,024		3,172		2,237
Basic earnings per common share	$	0.40		0.24		0.74		0.53
Diluted earnings per common share	$	0.36		0.21		0.66		0.46