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

12 Months Ended

Dec. 31, 2021

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:

	2021	2020	2019
Numerator (in thousands)
Net income	14,788	10,798	14,727
Denominator
Weighted average shares, basic	3,647	3,658	3,721
Dilutive effect of stock options	13	14	18
Diluted shares	3,660	3,672	3,739
Earnings per share, basic	4.05	2.95	3.96
Earnings per share, diluted	4.04	2.94	3.94