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Note 4 - Earnings Per Share | 3 Months Ended
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Mar. 31, 2022
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, |
|  | 2022 |  |  | 2021 |
Basic |  |  |  |  |  |  |  |
Net income |  | $ | 5,528 |  |  | $ | 6,238 |
Weighted average common shares outstanding |  |  | 7,495,464 |  |  |  | 7,801,058 |
Basic earnings per common shares |  | $ | 0.74 |  |  | $ | 0.80 |
Diluted |  |  |  |  |  |  |  |
Net income |  | $ | 5,528 |  |  | $ | 6,238 |
Weighted average common shares outstanding |  |  | 7,495,464 |  |  |  | 7,801,058 |
Plus dilutive stock options and restricted stock units |  |  | 21,461 |  |  |  | 9,732 |
Weighted average common shares outstanding and potentially dilutive shares |  |  | 7,516,925 |  |  |  | 7,810,790 |
Diluted earnings per common share |  | $ | 0.74 |  |  | $ | 0.80 |
There were 12,000 stock options that were considered anti-dilutive to earnings per share for the three months ended March 31, 2022. There were no stock options that were considered to be anti-dilutive to earnings per share for the three months ended March 31, 2021. There were no restricted stock units that were considered anti-dilutive to earnings per share during either the three months ended March 31, 2022 or March 31, 2021.

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