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Note 11 - Earnings Per Share
 3 Months Ended
Mar. 31, 2021
Notes to Financial Statements  
Earnings Per Share [Text Block]

11. EARNINGS PER SHARE

 

Basic earnings per share (“EPS”) is computed by dividing net income applicable to common shareholders by the weighted average number of common shares outstanding during each period. The diluted earnings per share computation includes common share equivalents, when dilutive.

 

A reconciliation of the shares used in the basic and diluted income per common share computation for the three months ended March 31, 2021 and 2020 is as follows:

 

   

Three Months Ended

  
   

March 31,

  

(shares in thousands)

  

2021

    

2020

  
                 

Basic - weighted average shares outstanding

     7,258       7,351  

Dilutive stock options

     90       35  

Diluted - weighted average shares outstanding

     7,348       7,386  

Anti-dilutive securities

     34       151