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Note 14 - Earnings Per Common Share | 12 Months Ended
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Dec. 31, 2020
Notes to Financial Statements |
Earnings Per Share [Text Block] | Note 1 4 – Earnings per Common 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 earnings per common share and diluted earnings per common share computations for 2020 and 2019 is presented below.
|  | 2020 |  |  | 2019 |
Basic earnings per common share: |  |  |  |  |  |  |  |
Net income as reported |  | $ | 16,604 |  |  | $ | 12,097 |
Weighted average common shares outstanding |  |  | 3,461,948 |  |  |  | 3,425,056 |
Basic earnings per common share |  | $ | 4.80 |  |  | $ | 3.53 |
Diluted earnings per common share: |  |  |  |  |  |  |  |
Net income as reported |  | $ | 16,604 |  |  | $ | 12,097 |
Weighted average common shares outstanding |  |  | 3,461,948 |  |  |  | 3,425,056 |
Weighted average common and dilutive potential common shares outstanding |  |  | 3,461,948 |  |  |  | 3,425,056 |
Diluted earnings per common share |  | $ | 4.80 |  |  | $ | 3.53 |

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