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Note 14 - Earnings Per Common Share
 12 Months Ended
Dec. 31, 2020
Notes to Financial Statements  
Earnings Per Share [Text Block]

Note 14 – 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