Note 5 - Supplemental Disclosure for Earnings Per Share

3 Months Ended

Mar. 31, 2022

Notes to Financial Statements

Earnings Per Share [Text Block]

5. Supplemental Disclosure for Earnings Per Share

	Three Months Ended
	March 31,
	2022		2021
(Dollars in thousands, except per share data)
Basic
Earnings:
Net income attributable to First Capital, Inc.	$	2,527	$	2,939
Shares:
Weighted average common shares outstanding		3,350,745		3,342,492
Net income attributable to First Capital, Inc. per common share, basic	$	0.75	$	0.88
Diluted
Earnings:
Net income attributable to First Capital, Inc.	$	2,527	$	2,939
Shares:
Weighted average common shares outstanding		3,350,745		3,342,492
Add: Dilutive effect of restricted stock		-		5,275
Weighted average common shares outstanding, as adjusted		3,350,745		3,347,767
Net income attributable to First Capital, Inc. per common share, diluted	$	0.75	$	0.88

Nonvested restricted stock shares are not considered as outstanding for purposes of computing weighted average common shares outstanding. No shares were excluded from the calculations of diluted net income per share because their effect would be anti-dilutive for the three-month period ended March 31, 2021. Restricted shares totaling 22,350 were excluded from the calculation of diluted net income per share for the three-month period March 31, 2022.