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Note 16 - Earnings per Share
12 Months Ended
Dec. 31, 2025
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)

 

2025

  

2024

 

Net income

 $6,330  $3,672 
         

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

  13,957   13,838 

Dilutive effects of stock options and unvested restricted stock

  22   82 

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

 $13,979  $13,920 
         

Earnings per share

        

Basic

 $0.45  $0.27 

Diluted

 $0.45  $0.26 

 

Outstanding common stock equivalents at December 31, 2025 and December 31, 2024 totaled approximately 68 thousand and 106 thousand, respectively.