Quarterly report pursuant to Section 13 or 15(d)

Note 9 - Earnings per Share

v3.19.3
Note 9 - Earnings per Share
9 Months Ended
Sep. 30, 2019
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
three
and
nine
months ended
September 30, 2019
and
2018
are as follows:
 
   
Three Months Ended
   
Nine Months Ended
 
(Dollars in thousands, except per share data)
 
September 30,
   
September 30,
 
   
2019
   
2018
   
2019
   
2018
 
Basic earnings per common share:
                               
Net income as reported
  $
3,578
    $
1,625
    $
9,823
    $
6,697
 
Weighted average common shares outstanding
   
3,451,797
     
3,029,369
     
3,416,045
     
2,922,271
 
Basic earnings per common share
  $
1.04
    $
0.54
    $
2.88
    $
2.29
 
Diluted earnings per common share:
   
 
     
 
     
-
     
 
 
Net income as reported
  $
3,578
    $
1,625
    $
9,823
    $
6,697
 
Weighted average common shares outstanding
   
3,451,797
     
3,029,369
     
3,416,045
     
2,922,271
 
Weighted average common and dilutive potential common shares outstanding
   
3,451,797
     
3,029,369
     
3,416,045
     
2,922,271
 
Diluted earnings per common share
  $
1.04
    $
0.54
    $
2.88
    $
2.29