Quarterly report pursuant to Section 13 or 15(d)

Note 9 - Earnings Per Share

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Note 9 - Earnings Per Share
6 Months Ended
Jun. 30, 2020
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 six months ended June 30, 2020, and 2019 are as follows:

 

   

Three Months Ended

   

Six Months Ended

 

(Dollars in thousands, except per share data)

 

June 30,

   

June 30,

 
   

2020

   

2019

   

2020

   

2019

 

Basic earnings per common share:

                               

Net income as reported

  $ 5,063     $ 4,023     $ 8,255     $ 6,245  

Weighted average common shares outstanding

    3,463,136       3,451,961       3,460,820       3,397,872  

Basic earnings per common share

  $ 1.46     $ 1.17     $ 2.39     $ 1.84  

Diluted earnings per common share:

                    -          

Net income as reported

  $ 5,063     $ 4,023     $ 8,255     $ 6,245  

Weighted average common shares outstanding

    3,463,136       3,451,961       3,460,820       3,397,872  

Weighted average common and dilutive potential common shares outstanding

    3,463,136       3,451,961       3,460,820       3,397,872  

Diluted earnings per common share

  $ 1.46     $ 1.17     $ 2.39     $ 1.84