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Note 7 - Earnings per Share ("EPS")
 3 Months Ended
Mar. 31, 2024
Notes to Financial Statements  
Earnings Per Share [Text Block]

7.     Earnings per Share ("EPS")

 

The following table presents a reconciliation of Net income and shares used in calculating basic and diluted net income per common share for the periods indicated:

  

Three Months Ended March 31,

(in thousands, except share data)

 

2024

 

2023

Numerator for EPS:

        

Net income

 $1,486  $553 
         

Denominator for EPS:

        

Weighted average shares outstanding - basic

  2,716,202   2,678,434 

Dilutive effects:

        

Stock options

  7,581   — 

Restricted stock

  61,177   22,984 

Weighted average shares outstanding - diluted

  2,784,960   2,701,418 
         

Income per common share:

        

Basic

 $0.55  $0.21 

Diluted

 $0.53  $0.20