XML 47 R31.htm IDEA: XBRL DOCUMENT v3.19.1
Note 24 - Earnings Per Share
 12 Months Ended
Dec. 31, 2018
Notes to Financial Statements  
Earnings Per Share [Text Block]
(
2
4
)
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 common stock warrants and restricted stock. Net income available to common stockholders represents net income after preferred stock dividends. The following table presents earnings per share for the years ended
December 31, 2018,
2017
and
2016:
 
   
201
8
    
2017
    
2016
  
                         
Numerator
                        
Net Income Available to Common Stockholders
  
$
11,917,400
     $
7,540,378
     $
7,179,900
  
                         
Denominator
                        
Weighted Average Number of Common Shares Outstanding for Basic Earnings Per Common Share
  
 
8,439,454
      
8,439,258
      
8,439,258
  
Dilutive Effect of Potential Common Stock                        
Restricted Stock
  
 
-
      
-
      
-
  
Stock Warrants
  
 
99,154
      
194,323
      
74,037
  
Weighted-Average Number of Shares Outstanding for Diluted Earnings Per Common Share
  
 
8,538,608
      
8,633,581
      
8,513,295
  
                         
Earnings Per Share - Basic
  
$
1.41
     $
0.89
     $
0.85
  
                         
Earnings Per Share - Diluted
  
$
1.40
     $
0.87
     $
0.84