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Note 13 - Earnings Per Common Share
 12 Months Ended
Dec. 31, 2022
Notes to Financial Statements  
Earnings Per Share [Text Block]

Note 13 – 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 2022 and 2021 is presented below.

 

(dollars in thousands except per share data)

        
  

2022

  

2021

 

Basic earnings per common share:

        

Net income as reported

 $15,080  $14,963 

Weighted average common shares outstanding

  4,176,125   3,477,309 

Basic earnings per common share

 $3.61  $4.30 
         

Diluted earnings per common share:

        

Net income as reported

 $15,080  $14,963 

Weighted average common shares outstanding

  4,176,125   3,477,309 

Add: Dilutive effect of unvested restricted stock awards

  17,357   - 

Weighted average common and dilutive potential common shares outstanding

  4,193,482   3,477,309 

Diluted earnings per common share

 $3.60  $4.30