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Note 13 - Earnings Per Share
9 Months Ended
Sep. 30, 2017
Notes to Financial Statements  
Earnings Per Share [Text Block]
(
1
3
) Earnings Per Share
 
Basic
earnings per share is computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding during each period. Diluted earnings per share reflects the potential dilution of restricted stock and common stock warrants. Net income available to common stockholders represents net income after preferred stock dividends. The following table presents earnings per share for the
three
month and
nine
month period ended
September 30, 2017
and
2016.
 
   
Three Months Ended
   
Nine Months Ended
 
   
September 30
   
September 30
 
   
2017
   
2016
   
2017
   
2016
 
                                 
Numerator
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net Income Available to Common Stockholders
 
$
2,622
    $
1,880
   
$
6,961
    $
5,297
 
                                 
Denominator
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted Average Number of Common Shares
Outstanding for Basic Earnings Per Common Share
 
 
8,439
     
8,439
   
 
8,439
     
8,439
 
                                 
Dilutive Effect of Potential Common Stock
                               
Restricted Stock
 
 
-
     
-
   
 
-
     
-
 
Stock Warrants
 
 
191
     
67
   
 
193
     
57
 
Weighted-Average Number of Shares Outstanding for
                               
Diluted Earnings Per Common Share
 
 
8,630
     
8,506
   
 
8,632
     
8,496
 
                                 
Earnings Per Share - Basic
 
$
0.31
    $
0.22
   
$
0.82
    $
0.63
 
                                 
Earnings Per Share - Diluted
 
$
0.30
    $
0.22
   
$
0.81
    $
0.62