Annual report pursuant to Section 13 and 15(d)

Note 13 - Earnings Per Common Share (Tables)

v3.23.1
Note 13 - Earnings Per Common Share (Tables)
12 Months Ended
Dec. 31, 2022
Notes Tables  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

(dollars in thousands except per share data)

               
   

2022

   

2021

 

Basic earnings per common share:

               

Net income as reported

  $ 15,080     $ 14,963  

Weighted average common shares outstanding

    4,176,125       3,477,309  

Basic earnings per common share

  $ 3.61     $ 4.30  
                 

Diluted earnings per common share:

               

Net income as reported

  $ 15,080     $ 14,963  

Weighted average common shares outstanding

    4,176,125       3,477,309  

Add: Dilutive effect of unvested restricted stock awards

    17,357       -  

Weighted average common and dilutive potential common shares outstanding

    4,193,482       3,477,309  

Diluted earnings per common share

  $ 3.60     $ 4.30