v3.26.1
Note 10 - Earnings Per Share
6 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Earnings Per Share [Text Block]

Note 10 Earnings Per Share

 

Earnings per share are computed using the two-class method. Basic earnings per share is computed by dividing net income allocated to common shares by the weighted average number of common shares outstanding during the applicable period. Diluted earnings per share is computed by dividing net income by the weighted average number of common shares outstanding adjusted for the dilutive effect of all potential common shares.

 

There were 40,000 and 217,000 antidilutive shares of common stock for the three months ended June 30, 2026 and 2025, respectively. There were 45,000 and 216,000 antidilutive shares of common stock for the six months ended  June 30, 2026 and  June 30, 2025  

 

Presented below are the calculations for basic and diluted earnings per share:

 

  

Three months ended June 30,

  

Six months ended June 30,

 
  

2026

  

2025

  

2026

  

2025

 
  

(In Thousands, except per share amounts)

 
                 

Net income

 $8,462  $7,727  $14,459  $10,763 
                 

Weighted average shares outstanding

  17,114   17,989   17,243   18,127 

Effect of dilutive potential common shares

  70   15   65   16 

Diluted weighted average shares outstanding

  17,184   18,004  $17,308  $18,143 
                 

Basic earnings per share

 $0.49  $0.43  $0.84  $0.59 

Diluted earnings per share

 $0.49  $0.43  $0.84  $0.59