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

6 Months Ended

Jun. 30, 2020

Notes Tables

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

	For the Three Months Ended				For the Six Months Ended
	June 30,				June 30,
	2020		2019		2020		2019
Net income (numerator)	$	6,220,000	$	1,010,000	$	11,561,000	$	2,228,000
Shares (denominator):
Basic weighted average common shares outstanding		13,351,675		13,184,321		13,351,674		13,287,583
Add: dilutive effect of common stock options		300,320		23,817		461,420		58,563
Diluted weighted average common shares outstanding		13,651,995		13,208,138		13,813,094		13,346,146
Earnings per common share:
Basic	$	0.47	$	0.08	$	0.87	$	0.17
Diluted	$	0.46	$	0.08	$	0.84	$	0.17