|
Note 11 - 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 months ended March 31, 2023, and 2022, are as follows:
| |
|
Three months ended |
|
| (dollars in thousands except per share data) |
|
March 31, |
|
| |
|
2023 |
|
|
2022 |
|
| Basic earnings per common share: |
|
|
|
|
|
|
|
|
| Net income as reported |
|
$ |
2,240 |
|
|
$ |
2,135 |
|
| Weighted average common shares outstanding |
|
|
4,342,386 |
|
|
|
4,020,815 |
|
| Basic earnings per common share |
|
$ |
0.52 |
|
|
$ |
0.53 |
|
| |
|
|
|
|
|
|
|
|
| Diluted earnings per common share: |
|
|
|
|
|
|
|
|
| Net income as reported |
|
$ |
2,240 |
|
|
$ |
2,135 |
|
| Weighted average common shares outstanding |
|
|
4,342,386 |
|
|
|
4,020,815 |
|
| Add: Dilutive effect of unvested restricted stock awards |
|
|
11,487 |
|
|
|
- |
|
| Weighted average common and dilutive potential common shares outstanding |
|
|
4,353,873 |
|
|
|
4,020,815 |
|
| Diluted earnings per common share |
|
$ |
0.51 |
|
|
$ |
0.53 |
|
|