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Note 12 - Earnings Per Share

9 Months Ended

Sep. 30, 2022

Notes to Financial Statements

Earnings Per Share [Text Block]

Note 12. Earnings per Share

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

		Three Months Ended								Nine Months Ended
		September 30,								September 30,
		2022				2021				2022				2021
(Amounts in thousands, except share and per share data)
Net income		$	13,351			$	12,608			$	34,079			$	40,613
Weighted average common shares outstanding, basic			16,378,022				17,221,244				16,617,766				17,457,477
Dilutive effect of potential common shares
Stock options			18,975				33,370				16,615				31,094
Unvested stock awards			10,570				24,962				14,681				23,329
Performance restricted stock units			5,635				-				5,635				-
Total dilutive effect of potential common shares			35,180				58,332				36,931				54,423
Weighted average common shares outstanding, diluted			16,413,202				17,279,576				16,654,697				17,511,900
Basic earnings per common share		$	0.82			$	0.73			$	2.05			$	2.32
Diluted earnings per common share			0.81				0.73				2.05				2.32
Antidilutive potential common shares
Stock options			131,198				-				131,198				13,990
Unvested stock awards			-				-				-				214
Total potential antidilutive shares			131,198				-				131,198				14,204

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI https://asc.fasb.org/topic&trid=2144383

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 2
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257

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