Note 15 - Earnings Per Common Share

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Earnings Per Share [Text Block]

NOTE

1

5

Earnings

per

Common

Share

The following table reconciles the weighted average shares outstanding and net income for basic and diluted earnings per common share:

	Year ended December 31,
(Dollars in thousands, except per share data)	201 9		2018		2017
Weighted average number of common shares outstanding used in basic earnings per common share calculation		4,610,469		4,368,289		4,215,899
Net dilutive effect of :
Options and warrants		16,018		423,818		640,410
Restricted stock awards		12,443		10,868		11,662
Weighted average number of common shares outstanding adjusted for effect of dilutive securities		4,638,930		4,802,975		4,867,971
Net income available to common shareholders	$	7,793		8,236		4,404
Basic earnings per common share	$	1.69		1.89		1.04
Diluted earnings per common share	$	1.68		1.71		0.90