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Note 16 - Earnings Per Share
12 Months Ended
Dec. 31, 2022
Notes to Financial Statements  
Earnings Per Share [Text Block]

Note 16 - Earnings Per Share

 

(Dollars in thousands, except share data)

                       
   

2022

   

2021

   

2020

 

Basic

                       

Net income

  $ 23,640     $ 22,042     $ 15,613  
                         

Weighted average common shares outstanding

    7,504,173       7,685,459       7,521,771  
                         

Basic earnings per common shares

  $ 3.15     $ 2.87     $ 2.08  
                         

Diluted

                       

Net income

  $ 23,640     $ 22,042     $ 15,613  
                         

Weighted average common shares outstanding

    7,504,173       7,685,459       7,521,771  

Plus dilutive stock options and restricted stock units

    23,198       17,255       9,846  
                         

Weighted average common shares outstanding and potentially dilutive shares

    7,527,371       7,702,714       7,531,617  
                         

Diluted earnings per common share

  $ 3.15     $ 2.86     $ 2.07  

 

Stock options considered anti-dilutive to earnings per share were 15,000, 15,000, and 0 as of December 31, 2022, December 31, 2021, and December 31, 2020, respectively. This calculation is based on the average stock price during the year.