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Note 13 - Earnings Per Share
6 Months Ended
Jun. 30, 2020
Notes to Financial Statements  
Earnings Per Share [Text Block]

Note 13. Earnings per Share

 

The following table presents the calculation of basic and diluted earnings per common share for the periods indicated: 

 

   

Three Months Ended

   

Six Months Ended

 
   

June 30,

   

June 30,

 
   

2020

   

2019

   

2020

   

2019

 

(Amounts in thousands, except share and per share data)

                               

Net income

  $ 8,238     $ 10,451     $ 16,110     $ 20,082  
                                 

Weighted average common shares outstanding, basic

    17,701,853       15,712,204       17,850,423       15,775,462  

Dilutive effect of potential common shares

                               

Stock options

    20,661       56,818       27,017       57,795  

Restricted stock

    5,786       6,298       10,885       14,241  

Total dilutive effect of potential common shares

    26,447       63,116       37,902       72,036  

Weighted average common shares outstanding, diluted

    17,728,300       15,775,320       17,888,325       15,847,498  
                                 

Basic earnings per common share

  $ 0.47     $ 0.67     $ 0.90     $ 1.27  

Diluted earnings per common share

    0.46       0.66       0.90       1.27  
                                 

Antidilutive potential common shares

                               

Stock options

    60,375       -       66,808       -  

Restricted stock

    34,661       -       32,159       -  

Total potential antidilutive shares

    95,036       -       98,967       -