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Note 8 - Earnings Per Share
 6 Months Ended
Jun. 30, 2022
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 and six months ended June 30, 2022, and 2021, are as follows:

 

(dollars in thousands except per share data)

 

Three months ended June 30,

  

Six months ended June 30,

 
  

2022

  

2021

  

2022

  

2021

 

Basic earnings per common share:

                

Net income as reported

 $4,431  $3,571  $6,566  $8,114 

Weighted average common shares outstanding

  4,242,559   3,478,392   4,108,579   3,475,017 

Basic earnings per common share

 $1.04  $1.03  $1.60  $2.33 
                 

Diluted earnings per common share:

                

Net income as reported

 $4,431  $3,571  $6,566  $8,114 

Weighted average common shares outstanding

  4,242,559   3,478,392   4,108,579   3,475,017 

Add: Dilutive effect of unvested restricted stock awards

  15,944   -   16,316   - 

Weighted average common and dilutive potential common shares outstanding

  4,258,503   3,478,392   4,124,895   3,475,017 

Diluted earnings per common share

 $1.04  $1.03  $1.59  $2.33