Annual report pursuant to Section 13 and 15(d)

Note 3 - Net Income Per Common Share

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Note 3 - Net Income Per Common Share
12 Months Ended
Dec. 31, 2021
Notes to Financial Statements  
Earnings Per Share [Text Block]

3.     NET INCOME PER COMMON SHARE

 

The following table illustrates the computation of basic and diluted net income per common share for the periods indicated (in thousands, except per share data):

 

   

Year Ended December 31,

 
   

2021

   

2020

 
   

Income

   

Shares

   

Per Share

   

Income

   

Shares

   

Per Share

 

Basic net income per common share:

                                               

Net income available to common stockholders

  $ 1,085       11,017     $ 0.10     $ 843       10,630     $ 0.08  

Effect of dilutive securities:

                                               

Non-vested restricted stock

          407                     794          

Diluted net income per common share:

                                               

Net income available to common stockholders plus assumed conversions

  $ 1,085       11,424     $ 0.09     $ 843       11,424     $ 0.07