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Note 7 - Earnings Per Share ("EPS") - Reconciliation of Net Income and Shares (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Net income $ 2,267 $ 1,586 $ 5,497 $ 3,416
Weighted average shares outstanding - basic (in shares) 2,751,924 2,703,840 2,729,803 2,693,400
Stock options (in shares) [1] 0 9,710 71 9,710
Restricted stock (in shares) [1] 48,896 46,230 58,172 36,709
Weighted average shares outstanding - diluted (in shares) [1] 2,800,820 2,759,780 2,788,046 2,739,819
Basic (in dollars per share) $ 0.82 $ 0.59 $ 2.01 $ 1.27
Diluted (in dollars per share) $ 0.81 $ 0.57 $ 1.97 $ 1.25
[1] For the three and nine months ended September 30, 2024, weighted average shares used for calculating earnings per share excludes stock options to purchase 180,753 and 182,077 common shares, respectively, because the effect of including those common shares in the calculation would have been anti-dilutive.