Note 15 - Earnings Per Common Share

12 Months Ended

Dec. 31, 2023

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)	2023		2022
Weighted average number of common shares outstanding used in basic earnings per common share calculation		4,350,215		4,358,022
Net dilutive effect of:
Options		14,807		17,847
Restricted stock awards		12,066		13,601
Weighted average number of common shares outstanding adjusted for effect of dilutive securities		4,377,088		4,389,470
Income available to common shareholders	$	6,005		8,045
Basic earnings per common share		1.38		1.85
Diluted earnings per common share		1.37		1.83