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Note 4 - Earnings Per Share
 3 Months Ended
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.