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Note 17 - Earnings Per Share
12 Months Ended
Dec. 31, 2022
Notes to Financial Statements  
Earnings Per Share [Text Block]

Note 17. 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,

 
   

2022

   

2021

   

2020

 

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

                       

Net income

  $ 46,662     $ 51,168     $ 35,926  
                         

Weighted average common shares outstanding, basic

    16,519,848       17,335,615       17,781,748  

Dilutive effect of potential common shares

                       

Stock options

    18,784       30,854       22,495  

Restricted stock

    23,625       36,467       11,137  

Total dilutive effect of potential common shares

    42,409       67,321       33,632  

Weighted average common shares outstanding, diluted

    16,562,257       17,402,936       17,815,380  
                         

Basic earnings per common share

  $ 2.82     $ 2.95     $ 2.02  

Diluted earnings per common share

    2.82       2.94       2.02  
                         

Potential antidilutive common shares

                       

Stock options

    131,198       103,520       58,166  

Restricted stock

          630       26,900  

Total potential antidilutive shares

    131,198       104,150       85,066