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Note 9 - Earnings Per Share | 3 Months Ended
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Mar. 31, 2024
Notes to Financial Statements |
Earnings Per Share [Text Block] | Note 9 - 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 ended 2024 and 2023, are as follows:
(dollars in thousands except per share data) |  | Quarter Ended March 31, |
|  | 2024 |  |  | 2023 |
Basic earnings per common share: |  |  |  |  |  |  |  |
Net income as reported |  | $ | 9,279 |  |  | $ | 2,240 |
Weighted average common shares outstanding |  |  | 4,256,667 |  |  |  | 4,342,386 |
Basic earnings per common share |  | $ | 2.18 |  |  | $ | 0.52 |
Diluted earnings per common share: |  |  |  |  |  |  |  |
Net income as reported |  | $ | 9,279 |  |  | $ | 2,240 |
Weighted average common shares outstanding |  |  | 4,256,667 |  |  |  | 4,342,386 |
Add: Dilutive effect of unvested restricted stock awards |  |  | 14,028 |  |  |  | 11,487 |
Weighted average common and dilutive potential common shares outstanding |  |  | 4,270,695 |  |  |  | 4,353,873 |
Diluted earnings per common share |  | $ | 2.17 |  |  | $ | 0.51 |

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