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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.