Note 4 - Earnings Per Share

3 Months Ended

Mar. 31, 2025

NOTE 4 - EARNINGS PER SHARE

Accounting guidance specifies the computation, presentation and disclosure requirements for earnings per share (“EPS”) for entities with publicly held common stock or potential common stock such as options, warrants, convertible securities or contingent stock agreements if those securities trade in a public market. Basic EPS is computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding. Diluted EPS is computed similar to basic EPS except that the denominator is increased to include the number of additional common shares that would have been outstanding if the dilutive common shares had been issued. The dilutive effect of options outstanding under the Company’s stock option plan is reflected in diluted EPS by application of the treasury stock method. There were no stock options outstanding at March 31, 2025 or 2024; therefore, no dilutive options were included in the calculation of diluted EPS for those periods. The following tables include a summary of the Company's basic EPS for the periods indicated.

Three Months Ended March 31,

2025

2024

Dollars and shares in thousands

Income (1)

Shares

EPS

Income (1)

Shares

EPS

Basic EPS

2,591

3,187

0.81

1,753

3,229

0.54

(1) Net income available to common shareholders

SECURITY FEDERAL CORP 10-Q