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Note 16 - Earnings per Share
 12 Months Ended
Dec. 31, 2024
Notes to Financial Statements  
Earnings Per Share [Text Block]

Note 16 – Earnings per Share

 

The following table summarizes the calculation of diluted common shares and earnings per share: 

 

  

Year ended

 
  

December 31,

  

December 31,

 

(in thousands except per share data)

 

2024

  

2023

 

Net income

 $3,672  $6,135 
         

Weighted average number of common shares used in basic net income per common share

  13,838   13,733 

Dilutive effects of stock options and unvested restricted stock

  82   68 

Weighted average number of common shares used in diluted net income per common share

 $13,920  $13,801 
         

Earnings per share

        

Basic

 $0.27  $0.45 

Diluted

 $0.26  $0.45 

 

Outstanding common stock equivalents at December 31, 2024 and December 31, 2023 totaled approximately 106 thousand and 155 thousand, respectively.