XML 37 R24.htm IDEA: XBRL DOCUMENT v3.19.1
Earnings Per Share
12 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]  
Earnings Per Share

Note 15 - Earnings Per Share

 

(Dollars in thousands, except share data)                  
    2018     2017     2016  
Basic                        
Net income   $ 7,333     $ 6,168     $ 6,090  
                         
Weighted average common shares outstanding     3,614,302       3,621,216       3,624,037  
                         
Basic earnings per common shares   $ 2.03     $ 1.70     $ 1.68  
                         
Diluted                        
Net income   $ 7,333     $ 6,168     $ 6,090  
                         
Weighted average common shares outstanding     3,614,302       3,621,216       3,624,037  
Plus dilutive stock options and restricted stock units     13,825       8,465       5,482  
                         
Weighted average common shares outstanding and potentially dilutive shares     3,628,127       3,629,681       3,629,519  
                         
Diluted earnings per common share   $ 2.02     $ 1.70     $ 1.68  

 

Per share amounts have been adjusted for the 5% stock dividends paid on May 31, 2017 and May 31, 2018.

 

Stock options considered anti-dilutive to earnings per share were 15,000, 0, and 30,000 as of December 31, 2018, December 31, 2017, and December 31, 2016, respectively. This calculation is based on the average stock price during the year.