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Note 4 - Earnings Per Share | 6 Months Ended
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Jun. 30, 2020
Notes to Financial Statements |
Earnings Per Share [Text Block] | NOTE 4 – EARNINGS PER SHARE Earnings per share are based on the weighted average number of shares outstanding during the period. A computation of basic earnings per share and diluted earnings per share follows:
|  | Three Months Ended |  |  | Six Months Ended |
(Dollars in thousands, except share data) |  | June 30, |  |  | June 30, |
|  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |
Basic |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 4,430 |  |  | $ | 1,487 |  |  | $ | 7,684 |  |  | $ | 3,123 |
Weighted average common shares outstanding |  |  | 7,254,591 |  |  |  | 3,628,916 |  |  |  | 7,251,205 |  |  |  | 3,623,651 |
Basic earnings per common shares |  | $ | 0.61 |  |  | $ | 0.41 |  |  | $ | 1.06 |  |  | $ | 0.86 |
Diluted |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 4,430 |  |  | $ | 1,487 |  |  | $ | 7,684 |  |  | $ | 3,123 |
Weighted average common shares outstanding |  |  | 7,254,591 |  |  |  | 3,628,916 |  |  |  | 7,251,205 |  |  |  | 3,623,651 |
Plus dilutive stock options and restricted stock units |  |  | 6,198 |  |  |  | 12,549 |  |  |  | 6,851 |  |  |  | 9,572 |
Weighted average common shares outstanding and potentially dilutive shares |  |  | 7,260,789 |  |  |  | 3,641,465 |  |  |  | 7,258,056 |  |  |  | 3,633,223 |
Diluted earnings per common share |  | $ | 0.61 |  |  | $ | 0.41 |  |  | $ | 1.06 |  |  | $ | 0.86 |
There were no stock options that were considered to be anti-dilutive to earnings per share as of June 30, 2020. There were 13,500 stock options that were considered to be anti-dilutive to earnings as of June 30, 2019 and were excluded from the calculation above.

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