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

12. 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, 2022 and 2021 is as follows:

 

  

Three Months Ended

 
  

March 31,

 

(shares in thousands)

 

2022

  

2021

 
         

Basic - weighted average shares outstanding

  7,306   7,258 

Dilutive stock options

  104   90 

Diluted - weighted average shares outstanding

  7,410   7,348 

Anti-dilutive securities

  107   34