Note 18 - Earnings Per Share

12 Months Ended

Dec. 31, 2020

Notes to Financial Statements

Earnings Per Share [Text Block]

NOTE 18 – EARNINGS PER SHARE

The factors used in the earnings per share computation follow:

	2020		2019		2018
Basic
Net income attributable to common shares	$	44,138,000	$	49,456,000	$	42,024,000
Weighted average common shares outstanding		16,268,689		16,405,159		16,600,612
Basic earnings per common share	$	2.71	$	3.01	$	2.53
Diluted
Net income attributable to common shares	$	44,138,000	$	49,456,000	$	42,024,000
Weighted average common shares outstanding for basic earnings per common share		16,268,689		16,405,159		16,600,612
Add: Dilutive effects of share-based awards		630		3,976		5,804
Average shares and dilutive potential common shares		16,269,319		16,409,135		16,606,416
Diluted earnings per common share	$	2.71	$	3.01	$	2.53

Stock options for approximately 9,000, 7,000 and 7,000 shares of common stock were antidilutive and were not included in determining dilutive earnings per share in 2020, 2019 and 2018, respectively.