Annual report pursuant to Section 13 and 15(d)

Note 13 - Earnings Per Share (Tables)

v3.24.1
Note 13 - Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2023
Notes Tables  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

(dollars in thousands except per share data)

               
   

2023

   

2022

 

Basic earnings per common share:

               

Net income as reported

  $ 8,380     $ 15,080  

Weighted average common shares outstanding

    4,273,824       4,176,125  

Basic earnings per common share

  $ 1.96     $ 3.61  
                 

Diluted earnings per common share:

               

Net income as reported

  $ 8,380     $ 15,080  

Weighted average common shares outstanding

    4,273,824       4,176,125  

Add: Dilutive effect of unvested restricted stock awards

    8,458       17,357  

Weighted average common and dilutive potential common shares outstanding

    4,282,282       4,193,482  

Diluted earnings per common share

  $ 1.96     $ 3.60