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Note 16 - Earnings Per Share: Schedule of Earnings Per Share, Basic and Diluted (Tables)
12 Months Ended
Dec. 31, 2022
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:

 

 

2022

 

2021

 

2020

Numerator (in thousands)

 

 

 

 

 

Net income

16,473

 

14,788

 

10,798

 

 

 

 

 

 

Denominator

 

 

 

 

 

Weighted average shares, basic

3,637

 

3,647

 

3,658

Dilutive effect of stock options

6

 

13

 

14

Diluted shares

3,643

 

3,660

 

3,672

 

 

 

 

 

 

Earnings per share, basic

4.53

 

4.05

 

2.95

Earnings per share, diluted

4.52

 

4.04

 

2.94