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Note 13 - Earnings Per Share
 12 Months Ended
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