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Note 4 - Earnings Per Share | 3 Months Ended
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Mar. 31, 2021
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 |
(Dollars in thousands, except share data) |  | March 31, |
|  | 2021 |  |  | 2020 |
Basic |  |  |  |  |  |  |  |
Net income |  | $ | 6,238 |  |  | $ | 3,254 |
Weighted average common shares outstanding |  |  | 7,801,058 |  |  |  | 7,247,772 |
Basic earnings per common shares |  | $ | 0.80 |  |  | $ | 0.45 |
Diluted |  |  |  |  |  |  |  |
Net income |  | $ | 6,238 |  |  | $ | 3,254 |
Weighted average common shares outstanding |  |  | 7,801,058 |  |  |  | 7,247,772 |
Plus dilutive stock options and restricted stock units |  |  | 9,732 |  |  |  | 14,633 |
Weighted average common shares outstanding and potentially dilutive shares |  |  | 7,810,790 |  |  |  | 7,262,405 |
Diluted earnings per common share |  | $ | 0.80 |  |  | $ | 0.45 |
There were no stock options that were considered to be anti-dilutive to earnings per share for the three months ended March 31, 2021 or March 31, 2020.

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