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Note 13 - Earnings Per Share | 12 Months Ended
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Dec. 31, 2023
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 2023 and 2022 is presented below.
(dollars in thousands except per share data) |  |  |  |  |  |  |  |
|  | 2023 |  |  | 2022 |
Basic earnings per common share: |  |  |  |  |  |  |  |
Net income as reported |  | $ | 8,380 |  |  | $ | 15,080 |
Weighted average common shares outstanding |  |  | 4,273,824 |  |  |  | 4,176,125 |
Basic earnings per common share |  | $ | 1.96 |  |  | $ | 3.61 |
Diluted earnings per common share: |  |  |  |  |  |  |  |
Net income as reported |  | $ | 8,380 |  |  | $ | 15,080 |
Weighted average common shares outstanding |  |  | 4,273,824 |  |  |  | 4,176,125 |
Add: Dilutive effect of unvested restricted stock awards |  |  | 8,458 |  |  |  | 17,357 |
Weighted average common and dilutive potential common shares outstanding |  |  | 4,282,282 |  |  |  | 4,193,482 |
Diluted earnings per common share |  | $ | 1.96 |  |  | $ | 3.60 |

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