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Note 7 - Earnings per Share ("EPS")
 6 Months Ended
Jun. 30, 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 June 30,

 

Six Months Ended June 30,

(in thousands, except share data)

 

2024

 

2023

 

2024

 

2023

Numerator for EPS:

                

Net income

 $1,744  $1,277  $3,230  $1,830 
                 

Denominator for EPS:

                

Weighted average shares outstanding - basic

  2,728,599   2,697,696   2,723,293   2,688,065 

Dilutive effects:

                

Stock options

  —   —   107   — 

Restricted stock

  51,203   13,570   60,339   21,513 

Weighted average shares outstanding - diluted

  2,779,802   2,711,266   2,783,739   2,709,578 
                 

Income per common share:

                

Basic

 $0.64  $0.47  $1.19  $0.68 

Diluted

 $0.63  $0.47  $1.16  $0.68