Note 12 - Earnings Per Common Share

9 Months Ended

Sep. 30, 2021

Notes to Financial Statements

Earnings Per Share [Text Block]

(12) 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 September 30,				Nine Months Ended September 30,
(Dollars in thousands, except per share data)	2021		2020		2021		2020
Weighted average number of common shares outstanding used in basic earnings per share calculation		4,432,447		4,628,292		4,494,761		4,624,266
Net dilutive effect of:
Restricted stock awards and options		33,421		22,550		33,122		25,312
Weighted average number of shares outstanding adjusted for effect of dilutive securities		4,465,868		4,650,842		4,527,883		4,649,578
Income available to common stockholders	$	3,619		3,101		11,565		7,177
Basic earnings per common share	$	0.82		0.67		2.57		1.55
Diluted earnings per common share	$	0.81		0.67		2.55		1.54