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Note 8 - Earnings Per Share | 9 Months Ended
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Sep. 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 quarter and nine months ended September 30, 2022, and 2021, are as follows:
(dollars in thousands except per share data) |  | Three months ended September 30, |  |  | Nine months ended September 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Basic earnings per common share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income as reported |  | $ | 4,556 |  |  | $ | 3,538 |  |  | $ | 11,122 |  |  | $ | 11,652 |
Weighted average common shares outstanding |  |  | 4,242,568 |  |  |  | 3,479,139 |  |  |  | 4,153,733 |  |  |  | 3,476,406 |
Basic earnings per common share |  | $ | 1.07 |  |  | $ | 1.02 |  |  | $ | 2.68 |  |  | $ | 3.35 |
Diluted earnings per common share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income as reported |  | $ | 4,556 |  |  | $ | 3,538 |  |  | $ | 11,122 |  |  | $ | 11,652 |
Weighted average common shares outstanding |  |  | 4,242,568 |  |  |  | 3,479,139 |  |  |  | 4,153,733 |  |  |  | 3,476,406 |
Add: Dilutive effect of unvested restricted stock awards |  |  | 18,028 |  |  |  | - |  |  |  | 16,804 |  |  |  | - |
Weighted average common and dilutive potential common shares outstanding |  |  | 4,260,596 |  |  |  | 3,479,139 |  |  |  | 4,170,537 |  |  |  | 3,476,406 |
Diluted earnings per common share |  | $ | 1.07 |  |  | $ | 1.02 |  |  | $ | 2.67 |  |  | $ | 3.35 |

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