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Note 15 - Earnings Per Share | 12 Months Ended
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Dec. 31, 2020
Notes to Financial Statements |
Earnings Per Share [Text Block] | Note 15 - Earnings Per Share
(Dollars in thousands, except share data) |  |  |  |  |  |  |  |  |  |  |  |
|  | 2020 |  |  | 2019 |  |  | 2018 |
Basic |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 15,613 |  |  | $ | 7,171 |  |  | $ | 7,333 |
Weighted average common shares outstanding |  |  | 7,521,771 |  |  |  | 4,528,786 |  |  |  | 3,614,302 |
Basic earnings per common shares |  | $ | 2.08 |  |  | $ | 1.58 |  |  | $ | 2.03 |
Diluted |  |  |  |  |  |  |  |  |  |  |  |
Net income |  | $ | 15,613 |  |  | $ | 7,171 |  |  | $ | 7,333 |
Weighted average common shares outstanding |  |  | 7,521,771 |  |  |  | 4,528,786 |  |  |  | 3,614,302 |
Plus dilutive stock options and restricted stock units |  |  | 9,846 |  |  |  | 10,489 |  |  |  | 13,825 |
Weighted average common shares outstanding and potentially dilutive shares |  |  | 7,531,617 |  |  |  | 4,539,275 |  |  |  | 3,628,127 |
Diluted earnings per common share |  | $ | 2.07 |  |  | $ | 1.58 |  |  | $ | 2.02 |
Per share amounts have been adjusted for the 5% stock dividends paid on May 31, 2018. Stock options considered anti-dilutive to earnings per share were 0, 0, and 15,000 as of December 31, 2020, December 31, 2019, and December 31, 2018, respectively. This calculation is based on the average stock price during the year.

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