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Note 15 - Earnings Per Share

12 Months Ended

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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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
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-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI http://asc.fasb.org/topic&trid=2144383

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
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