Note 15 - Earnings Per Common Share

12 Months Ended

Dec. 31, 2022

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 income for basic and diluted earnings per common share:

	Year ended December 31,
(Dollars in thousands, except per share data)	2022		2021
Weighted average number of common shares outstanding used in basic earnings per common share calculation		4,358,022		4,471,363
Net dilutive effect of:
Options		17,847		16,361
Restricted stock awards		13,601		16,214
Weighted average number of common shares outstanding adjusted for effect of dilutive securities		4,389,470		4,503,938
Income available to common shareholders	$	8,045		13,564
Basic earnings per common share		1.85		3.03
Diluted earnings per common share		1.83		3.01