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

12 Months Ended

Dec. 31, 2020

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:

	2020	2019	2018
Numerator (in thousands)
Net income	10,798	14,727	18,555
Denominator
Weighted average shares, basic	3,658	3,721	3,730
Dilutive effect of stock options	14	18	18
Diluted shares	3,672	3,739	3,748
Earnings per share, basic	2.95	3.96	4.97
Earnings per share, diluted	2.94	3.94	4.95