|
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 months ended March 31, 2021, and 2020 are as follows:
| |
|
Three Months Ended |
|
| (Dollars in thousands, except per share data) |
|
March 31, |
|
| |
|
2021 |
|
|
2020 |
|
| Basic earnings per common share: |
|
|
|
|
|
|
|
|
| Net income as reported |
|
$ |
4,679 |
|
|
$ |
3,192 |
|
| Weighted average common shares outstanding |
|
|
3,471,604 |
|
|
|
3,458,505 |
|
| Basic earnings per common share |
|
$ |
1.35 |
|
|
$ |
0.92 |
|
| Diluted earnings per common share: |
|
|
|
|
|
|
|
|
| Net income as reported |
|
$ |
4,679 |
|
|
$ |
3,192 |
|
| Weighted average common shares outstanding.. |
|
|
3,471,604 |
|
|
|
3,458,505 |
|
| Add: Dilutive effect of assumed stock option exercises |
|
|
- |
|
|
|
- |
|
| Weighted average common and dilutive potential common shares outstanding |
|
|
3,471,604 |
|
|
|
3,458,505 |
|
| Diluted earnings per common share |
|
$ |
1.35 |
|
|
$ |
0.92 |
|
|