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Note 14 - Earnings Per Common Share
12 Months Ended
Dec. 31, 2019
Notes to Financial Statements  
Earnings Per Share [Text Block]
Note
14.
Earnings per Common Share
 
Basic earnings per common share represents income available to common shareholders divided by the weighted-average number of common shares outstanding during the period. Diluted earnings per common share reflects additional common shares that would have been outstanding if dilutive potential common shares had been issued, as well as any adjustment to income that would result from the assumed issuance.
 
The following table presents the computation of basic and diluted earnings per share for the years ended
December 31, 2019
 and
2018
 (dollars in thousands, except per share data):
 
 
   
2019
   
2018
 
(Numerator):
               
Net income
  $
9,556
    $
10,135
 
(Denominator):
               
Weighted average shares outstanding – basic
   
4,964,832
     
4,953,537
 
Potentially dilutive common shares – restricted stock units
   
3,100
     
2,839
 
Weighted average shares outstanding – diluted
   
4,967,932
     
4,956,376
 
Income per common share
               
Basic
  $
1.92
    $
2.05
 
Diluted
  $
1.92
    $
2.04