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

9 Months Ended

Sep. 30, 2020

Notes Tables

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

	For the Three Months Ended				For the Nine Months Ended
	September 30,				September 30,
	2020		2019		2020		2019
Net income (numerator)	$	8,107,000	$	437,000	$	19,668,000	$	2,665,000
Shares (denominator):
Basic weighted average common shares outstanding		13,588,554		13,056,173		13,431,210		13,209,598
Add: dilutive effect of common stock options		444,473		19,519		546,354		28,428
Diluted weighted average common shares outstanding		14,033,027		13,075,692		13,977,564		13,238,026
Earnings per common share:
Basic	$	0.60	$	0.03	$	1.46	$	0.20
Diluted	$	0.58	$	0.03	$	1.41	$	0.20