Note 5 - Net Income Per Common Share

3 Months Ended

Mar. 31, 2017

Notes to Financial Statements

Earnings Per Share [Text Block]

5

.

Net

Income Per Common Share

Basic net income per common share is determined by dividing net income by the weighted average total number of common shares issued and outstanding. There were no dilutive instruments at

March

31,

2017

and

2016.

Net income per common share computations was as follows for the periods indicated:

	Three Months Ended March 31,
(In thousands, except per share data)	2017		2016
Net income, basic and diluted	$	3,329	$	6,180
Average common shares issued and outstanding, basic and diluted		7,510		7,500
Net income per common share, basic and diluted	$	.44	$	.82