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Note 14 - Earnings Per Share
 12 Months Ended
Dec. 31, 2020
Notes to Financial Statements  
Earnings Per Share [Text Block]

14.

EARNINGS PER SHARE

 

Basic earnings per common share was computed by dividing net income by the weighted average number of shares outstanding during the period. Diluted earnings per common share was calculated as follows:

 

  

For the Year Ended December 31,

 
  

2020

  

2019

  

2018

 
  

(in thousands, except per share data)

 
             

Net income

 $17,827  $7,900  $23,994 
             

Basic weighted average common shares outstanding

  5,752   5,832   6,083 

Dilutive effect of common stock equivalents

  16   48   76 
             

Diluted weighted average common shares outstanding

  5,768   5,880   6,159 
             

Basic earnings per share

 $3.10  $1.35  $3.94 
             

Diluted earnings per share

 $3.09  $1.34  $3.90