Quarterly report pursuant to Section 13 or 15(d)

Note 8 - Earnings Per Share

v3.21.2
Note 8 - Earnings Per Share
9 Months Ended
Sep. 30, 2021
Notes to Financial Statements  
Earnings Per Share [Text Block]

Note 8 - 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, 2021, and 2020, are as follows:

 

   

Three Months Ended

   

Nine Months Ended

 

(Dollars in thousands, except per share data)

 

September 30,

   

September 30,

 
   

2021

   

2020

   

2021

   

2020

 

Basic earnings per common share:

                               

Net income as reported

  $ 3,538     $ 4,687     $ 11,652     $ 12,651  

Weighted average common shares outstanding

    3,479,139       3,463,136       3,476,406       3,461,598  

Basic earnings per common share

  $ 1.02     $ 1.35     $ 3.35     $ 3.65  

Diluted earnings per common share:

                    -          

Net income as reported

  $ 3,538     $ 4,687     $ 11,652     $ 12,651  

Weighted average common shares outstanding

    3,479,139       3,463,136       3,476,406       3,461,598  

Weighted average common and dilutive potential common shares outstanding

    3,479,139       3,463,136       3,476,406       3,461,598  

Diluted earnings per common share

  $ 1.02     $ 1.35     $ 3.35     $ 3.65