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Note 11 - Earnings Per Share
 9 Months Ended
Sep. 30, 2023
Notes to Financial Statements  
Earnings Per Share [Text Block]

Note 11 - 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 nine months ended September 30, 2023, and 2022, are as follows:

 

  Three months ended  

Nine months ended

 

(dollars in thousands except per share data)

 

September 30,

  

September 30,

 
  

2023

  

2022

  

2023

  

2022

 

Basic earnings per common share:

                

Net income as reported

 $2,191  $4,556  $6,869  $11,122 

Weighted average common shares outstanding

  4,251,920   4,242,568   4,281,205   4,153,733 

Basic earnings per common share

 $0.52  $1.07  $1.60  $2.68 
                 

Diluted earnings per common share:

                

Net income as reported

 $2,191  $4,556  $6,869  $11,122 

Weighted average common shares outstanding

  4,251,920   4,242,568   4,281,205   4,153,733 

Add: Dilutive effect of unvested restricted stock awards

  9,041   18,028   7,662   16,804 

Weighted average common and dilutive potential common shares outstanding

  4,260,961   4,260,596   4,288,867   4,170,537 

Diluted earnings per common share

 $0.51  $1.07  $1.60  $2.67