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Note 9 - Earnings Per Share
 9 Months Ended
Sep. 30, 2020
Notes to Financial Statements  
Earnings Per Share [Text Block]

Note 9 - Earnings per Share

Earnings per common share is computed by dividing net income by the weighted-average number of common shares outstanding. A reconciliation of the numerators and denominators of the basic and diluted earnings per common share computations for the three and nine months ended September 30, 2020, and 2019 are as follows:

 

  

Three Months Ended

  

Nine Months Ended

 

(Dollars in thousands, except per share data)

 

September 30,

  

September 30,

 
  

2020

  

2019

  

2020

  

2019

 

Basic earnings per common share:

                

Net income as reported

 $4,903  $3,578  $13,158  $9,823 

Weighted average common shares outstanding..

  3,463,136   3,451,797   3,461,598   3,416,045 

Basic earnings per common share

 $1.42  $1.04  $3.80  $2.88 

Diluted earnings per common share:

          -     

Net income as reported

 $4,903  $3,578  $13,158  $9,823 

Weighted average common shares outstanding..

  3,463,136   3,451,797   3,461,598   3,416,045 

Weighted average common and dilutive potential common  shares outstanding

  3,463,136   3,451,797   3,461,598   3,416,045 

Diluted earnings per common share

 $1.42  $1.04  $3.80  $2.88