Note 12 - Earnings Per Share

6 Months Ended

Jun. 30, 2021

Notes to Financial Statements

Earnings Per Share [Text Block]

12. EARNINGS PER SHARE

Basic earnings per share (“EPS”) is computed by dividing net income applicable to common shareholders by the weighted average number of common shares outstanding during each period. The diluted earnings per share computation includes common share equivalents, when dilutive.

A reconciliation of the shares used in the basic and diluted income per common share computation for the three and six months ended June 30, 2021 and 2020 is as follows:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(shares in thousands)	2021		2020		2021		2020
Basic - weighted average shares outstanding		7,283		7,312		7,271		7,332
Dilutive stock options		156		22		132		28
Diluted - weighted average shares outstanding		7,439		7,334		7,402		7,360
Anti-dilutive securities		25		188		25		187