Note 16 - Earnings Per Share: Schedule of Earnings Per Share, Basic and Diluted (Tables)

12 Months Ended

Dec. 31, 2019

Tables/Schedules

Schedule of Earnings Per Share, Basic and Diluted

The following table reconciles the numerator and the denominator used to calculate basic and diluted earnings per share:

(in thousands)
	2019	2018	2017
Numerator
Net income	14,727	18,555	8,505
Denominator
Weighted average shares, basic	3,721	3,730	3,718
Dilutive effect of stock options	18	18	19
Diluted shares	3,739	3,748	3,737
Earnings per share, basic	3.96	4.97	2.29
Earnings per share, diluted	3.94	4.95	2.28