Note 12 - Earnings Per Common Share

9 Months Ended

Sep. 30, 2022

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 stockholders used for basic and diluted earnings per common share:

	Three Months Ended September 30,				Nine Months Ended September 30,
(Dollars in thousands, except per share data)	2022		2021		2022		2021
Weighted average number of common shares outstanding used in basic earnings per common share calculation		4,348,444		4,432,447		4,366,672		4,494,761
Net dilutive effect of: Restricted stock awards and options		30,652		33,421		32,651		33,122
Weighted average number of shares outstanding adjusted for effect of dilutive securities		4,379,096		4,465,868		4,399,323		4,527,883
Income available to common stockholders	$	1,831		3,619		5,607		11,565
Basic earnings per common share	$	0.42		0.82		1.28		2.57
Diluted earnings per common share	$	0.42		0.81		1.27		2.55