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Note 17 - Earnings Per Share (Tables) | 12 Months Ended
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Dec. 31, 2018
Earnings Per Share |
Schedule of computation of earnings per share on a basic and diluted basis |
|  | 2018 |  | 2017 |  | 2016
Net income |  | $ | 43,119,699 |  | $ | 35,706,507 |  | $ | 27,686,787
Basic EPS |  | $ | 2.92 |  | $ | 2.68 |  | $ | 2.20
Diluted EPS |  | $ | 2.86 |  | $ | 2.61 |  | $ | 2.17
Weighted average common shares outstanding* |  |  | 14,768,687 |  |  | 13,325,128 |  |  | 12,570,767
Weighted average common shares issuable upon exercise of stock options and |  |  |  |  |  |  |  |  |
under the employee stock purchase plan** |  |  | 296,043 |  |  | 355,344 |  |  | 195,236
Weighted average common and common equivalent shares outstanding |  |  | 15,064,730 |  |  | 13,680,472 |  |  | 12,766,003
* The increase in weighted average common shares outstanding from 2016 to 2018 was primarily due to the common stock issuances that occurred in conjunction with the Springfield Bancshares merger and Guaranty Bank acquisition. ** Excludes anti-dilutive shares of 91,954, 49,919, and 17,739 at December 31, 2018, 2017 and 2016, respectively.

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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