Note 12 - Earnings Per Common Share

3 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Earnings Per Share [Text Block]

(

1

2

)

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
(Dollars in thousands, except per share data)	March 31, 2019		March 31, 2018
Weighted average number of common shares outstanding used in basic earnings per common share calculation		4,598,234		4,236,861
Net dilutive effect of:
Restricted stock awards, options, and warrants		28,503		665,389
Weighted average number of shares outstanding adjusted for effect of dilutive securities		4,626,737		4,902,250
Income available to common shareholders	$	1,620		1,445
Basic earnings per common share	$	0.35		0.34
Diluted earnings per common share	$	0.35		0.29