v3.26.1
Note 9 - Earnings per Share
6 Months Ended
Jun. 30, 2026
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 1,040 shares subject to restricted stock units (“RSUs”) for the three- and six- month periods ended June 30, 2026 and 164 and 154 shares subject to RSUs for the same periods of 2025.

 

   

Three Months Ended

   

Six Months Ended

 
   

June 30,

   

June 30,

 

(Dollars in thousands, except per share amounts)

 

2026

   

2025

   

2026

   

2025

 
                                 

Net income

  $ 1,896     $ 1,199     $ 3,721     $ 2,363  

Weighted average shares outstanding (basic)

    3,238,103       3,175,347       3,236,683       3,174,290  

Effect of dilutive restricted stock units

    1,040       164       1,040       154  

Weighted average shares outstanding (dilutive)

    3,239,143       3,175,511       3,237,723       3,174,444  
                                 

Earnings per share - basic

  $ 0.58     $ 0.38     $ 1.14     $ 0.74  

Earnings per share - diluted

  $ 0.58     $ 0.38     $ 1.14     $ 0.74