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Note 12 - Earnings Per Common Share | 12 Months Ended
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Dec. 31, 2024
Notes to Financial Statements |
Earnings Per Share [Text Block] | Note 12 – 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 2024 and 2023 is presented below.
|  | For the year ended, |
(dollars in thousands except per share data) |  | December 31, |
|  | 2024 |  |  | 2023 |
Basic earnings per common share: |  |  |  |  |  |  |  |
Net income as reported |  | $ | 12,130 |  |  | $ | 8,380 |
Weighted average common shares outstanding |  |  | 4,259,570 |  |  |  | 4,273,824 |
Basic earnings per common share |  | $ | 2.85 |  |  | $ | 1.96 |
Diluted earnings per common share: |  |  |  |  |  |  |  |
Net income as reported |  | $ | 12,130 |  |  | $ | 8,380 |
Weighted average common shares outstanding |  |  | 4,259,570 |  |  |  | 4,273,824 |
Add: Dilutive effect of unvested restricted stock awards |  |  | 15,063 |  |  |  | 8,458 |
Weighted average common and dilutive potential common shares outstanding |  |  | 4,274,633 |  |  |  | 4,282,282 |
Diluted earnings per common share |  | $ | 2.84 |  |  | $ | 1.96 |

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