Note 15 - Earnings Per Share

9 Months Ended

Sep. 30, 2019

Notes to Financial Statements

Earnings Per Share [Text Block]

(

1

5

) 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, 2019

and

2018.

	Three Months Ended				Nine Months Ended
	September 30				September 30
	2019		2018		2019		2018
Numerator
Net Income Available to Common Stockholders	$	2,518	$	2,695	$	7,455	$	8,952
Denominator
Weighted Average Number of Common Shares
Outstanding for Basic Earnings Per Common Share		9,495		8,439		9,008		8,439
Dilutive Effect of Potential Common Stock
Restricted Stock		-		6		-		6
Stock Warrants		-		-		-		127
Weighted-Average Number of Shares Outstanding for Diluted Earnings Per Common Share		9,495		8,445		9,008		8,572
Earnings Per Share - Basic	$	0.27	$	0.32	$	0.83	$	1.06
Earnings Per Share - Diluted	$	0.27	$	0.32	$	0.83	$	1.04