Note 15 - Earnings Per Common Share

12 Months Ended

Dec. 31, 2021

Notes to Financial Statements

Earnings Per Share [Text Block]

NOTE 15 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)	2021		2020
Weighted average number of common shares outstanding used in basic earnings per common share calculation		4,471,363		4,623,237
Net dilutive effect of:
Options		16,361		10,148
Restricted stock awards		16,214		14,263
Weighted average number of common shares outstanding adjusted for effect of dilutive securities		4,503,938		4,647,648
Net income available to common shareholders	$	13,564		10,302
Basic earnings per common share		3.03		2.23
Diluted earnings per common share		3.01		2.22