Note 9 - Basic and Diluted Earnings Per Common Share (Tables)

3 Months Ended

Mar. 31, 2020

Notes Tables

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

	For the Three Months Ended
	March 31,
	2020		2019
Net income (numerator)	$	5,342,000	$	1,218,000
Shares (denominator):
Basic weighted average common shares outstanding		13,121,867		13,391,992
Add: dilutive effect of common stock options		542,843		77,505
Diluted weighted average common shares outstanding		13,664,710		13,469,497
Earnings per common share:
Basic	$	0.41	$	0.09
Diluted	$	0.39	$	0.09