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Note 11 - Earnings Per Common Share
 3 Months Ended
Mar. 31, 2020
Notes to Financial Statements  
Earnings Per Share [Text Block]
Note
11.
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
three
months ended
March 31, 2020
and
2019
(dollars in thousands, except per share data):
 
   
Three Months Ended
  
   
March 31, 2020
    
March 31, 2019
  
(Numerator):
                
Net income
   $
1,705
     $
2,261
  
(Denominator):
                
Weighted average shares outstanding – basic
    
4,950,887
      
4,960,264
  
Potentially dilutive common shares – restricted stock units
    
5,083
      
3,870
  
Weighted average shares outstanding – diluted
    
4,955,970
      
4,964,134
  
Income per common share
                
Basic
   $
0.34
     $
0.46
  
Diluted
   $
0.34
     $
0.46