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Note 10 - Earnings Per Share

9 Months Ended

Sep. 30, 2025

Notes to Financial Statements

Earnings Per Share [Text Block]

10. 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 EPS 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 and nine months ended September 30, 2025 and 2024 is as follows:

		Three Months Ended								Nine Months Ended
		September 30,								September 30,
(shares in thousands)		2025				2024				2025				2024

Basic - weighted average shares outstanding			7,475				7,449				7,465				7,432
Dilutive restricted share units			54				26				36				22
Dilutive stock options			14				28				10				25
Diluted - weighted average shares outstanding			7,543				7,503				7,511				7,479
Anti-dilutive securities			127				65				147				103