Note 9 - Earnings Per Share

6 Months Ended

Jun. 30, 2025

Notes to Financial Statements

Earnings Per Share [Text Block]

9.	Earnings per Share

Earnings per share is determined by dividing net income by the weighted average number of shares of common stock outstanding, giving retroactive effect to any stock dividends. The following table shows the weighted average number of shares used in computing earnings per share and the effect of the weighted average number of shares of dilutive potential common stock. The weighted average number of dilutive shares included 164 and 154 shares subject to restrictive stock units (“RSUs”) for the three- and six- month periods ended June 30, 2025 and 294 and 250 shares subject to RSUs for the same periods of 2024.

		Three Months Ended								Six Months Ended
		June 30,								June 30,
		2025				2024				2025				2024

Net income		$	1,198,659			$	1,078,509			$	2,363,186			$	2,298,496
Weighted average shares outstanding - basic			3,175,347				3,120,967				3,174,290				3,118,966
Effect of dilutive restricted stock units			164				294				154				250
Weighted average shares outstanding - diluted			3,175,511				3,121,261				3,174,444				3,119,216
Earnings per share - basic		$	0.38			$	0.35			$	0.74			$	0.74
Earnings per share - diluted		$	0.38			$	0.35			$	0.74			$	0.74