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Note 2 - Earnings Per Share
 12 Months Ended
Dec. 31, 2020
Notes to Financial Statements  
Earnings Per Share [Text Block]

NOTE 2 – EARNINGS PER SHARE

 

Amounts reported in earnings per share reflect earnings available to common stockholders for the period divided by the weighted average number of shares of common stock outstanding during the period, exclusive of the effect of potential common shares. Stock options and restricted stock are regarded as potential common stock and are considered in the diluted earnings per share calculations to the extent that they would have a dilutive effect if converted to common stock. There were no potential dilutive common shares for the years ended December 31, 2020 and 2019.

 

  

For the years ended December 31,

 
  

2020

  

2019

 

Net income available to common stockholders

 $9,163  $11,672 

Basic and diluted weighted average common shares outstanding

  14,951,656   15,594,883 

Basic and diluted earnings per common share

 $0.61  $0.75