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Note 8 - Earnings Per Share | 3 Months Ended
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Mar. 31, 2021
Notes to Financial Statements |
Earnings Per Share [Text Block] | Note 8 - 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 months ended March 31, 2021, and 2020 are as follows:
|  | Three Months Ended |
(Dollars in thousands, except per share data) |  | March 31, |
|  | 2021 |  |  | 2020 |
Basic earnings per common share: |  |  |  |  |  |  |  |
Net income as reported |  | $ | 4,679 |  |  | $ | 3,192 |
Weighted average common shares outstanding |  |  | 3,471,604 |  |  |  | 3,458,505 |
Basic earnings per common share |  | $ | 1.35 |  |  | $ | 0.92 |
Diluted earnings per common share: |  |  |  |  |  |  |  |
Net income as reported |  | $ | 4,679 |  |  | $ | 3,192 |
Weighted average common shares outstanding.. |  |  | 3,471,604 |  |  |  | 3,458,505 |
Add: Dilutive effect of assumed stock option exercises |  |  | - |  |  |  | - |
Weighted average common and dilutive potential common shares outstanding |  |  | 3,471,604 |  |  |  | 3,458,505 |
Diluted earnings per common share |  | $ | 1.35 |  |  | $ | 0.92 |

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