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Note 15 - Earnings Per Share
12 Months Ended
Dec. 31, 2021
Notes to Financial Statements  
Earnings Per Share [Text Block]

Note 15 - Earnings Per Share

 

(Dollars in thousands, except share data)

                       
   

2021

   

2020

   

2019

 

Basic

                       

Net income

  $ 22,042     $ 15,613     $ 7,171  
                         

Weighted average common shares outstanding

    7,685,459       7,521,771       4,528,786  
                         

Basic earnings per common shares

  $ 2.87     $ 2.08     $ 1.58  
                         

Diluted

                       

Net income

  $ 22,042     $ 15,613     $ 7,171  
                         

Weighted average common shares outstanding

    7,685,459       7,521,771       4,528,786  

Plus dilutive stock options and restricted stock units

    17,255       9,846       10,489  
                         

Weighted average common shares outstanding and potentially dilutive shares

    7,702,714       7,531,617       4,539,275  
                         

Diluted earnings per common share

  $ 2.86     $ 2.07     $ 1.58  

 

Stock options considered anti-dilutive to earnings per share were 15,000, 0, and 0 as of December 31, 2021, December 31, 2020, and December 31, 2019, respectively. This calculation is based on the average stock price during the year.