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Earnings Per Share

12 Months Ended

Dec. 31, 2019

Earnings Per Share [Abstract]

Earnings Per Share

Note 15 – Earnings Per Share

(Dollars in thousands, except share data)
		2019				2018				2017
Basic
Net income		$	7,171			$	7,333			$	6,168
Weighted average common shares outstanding			4,528,786				3,614,302				3,621,216
Basic earnings per common shares		$	1.58			$	2.03			$	1.70
Diluted
Net income		$	7,171			$	7,333			$	6,168
Weighted average common shares outstanding			4,528,786				3,614,302				3,621,216
Plus dilutive stock options and restricted stock units			10,489				13,825				8,465
Weighted average common shares outstanding and potentially dilutive shares			4,539,275				3,628,127				3,629,682
Diluted earnings per common share		$	1.58			$	2.02			$	1.70

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 0, 15,000, and 0 as of December 31, 2019, December 31, 2018, and December 31, 2017, respectively.  This calculation is based on the average stock price during the year.

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI http://asc.fasb.org/topic&trid=2144383

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