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Note 18 - Earnings Per Share
12 Months Ended
Dec. 31, 2020
Notes to Financial Statements  
Earnings Per Share [Text Block]

Note 18. Earnings per Share

 

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

 

  

Year Ended December 31,

 
  

2020

  

2019

  

2018

 

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

            

Net income

 $35,926  $38,802  $36,340 
             

Weighted average common shares outstanding, basic

  17,781,748   15,690,812   16,587,504 

Dilutive effect of potential common shares

            

Stock options

  22,495   53,907   62,417 

Restricted stock

  11,137   11,374   16,464 

Total dilutive effect of potential common shares

  33,632   65,281   78,881 

Weighted average common shares outstanding, diluted

  17,815,380   15,756,093   16,666,385 
             

Basic earnings per common share

 $2.02  $2.47  $2.19 

Diluted earnings per common share

  2.02   2.46   2.18 
             

Antidilutive potential common shares

            

Stock options

  58,166   25   19 

Restricted stock

  26,900   25,853   2,736 

Total potential antidilutive shares

  85,066   25,878   2,755