| Earnings per Share |
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 three and six months ended June 30, 2019 and 2018 are as follows:
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Three Months Ended
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Six Months Ended
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(Dollars in thousands, except per share data)
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June 30,
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June 30,
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2019
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2018
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2019
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2018
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Basic earnings per common share:
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Net income as reported
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$
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4,023
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$
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2,511
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$
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6,245
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$
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5,072
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Weighted average common shares outstanding
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3,451,961
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2,868,250
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3,397,872
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2,867,834
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Basic earnings per common share
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$
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1.17
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$
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0.88
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$
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1.84
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$
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1.77
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Diluted earnings per common share:
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Net income as reported
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$
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4,023
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$
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2,511
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$
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6,245
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$
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5,072
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Weighted average common shares outstanding
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3,451,961
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2,868,250
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3,397,872
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2,867,834
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Weighted average common and dilutive potential common shares outstanding
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3,451,961
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2,868,250
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3,397,872
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2,867,834
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Diluted earnings per common share
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$
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1.17
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$
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0.88
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$
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1.84
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$
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1.77
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