For the Three Months Ended June 30,

For the Six Months Ended June 30,

2023

2022

2023

2022

Net income

$

578,070

$

404,200

$

1,570,611

$

687,407

Earnings and dividends allocated to participating securities

(6,983

)

(6,174

)

(12,258

)

(11,711

)

Net income attributable to common stockholders

$

571,087

$

398,026

$

1,558,353

$

675,696

Weighted average common shares outstanding:

Average number of common shares outstanding - basic

11,041,503

10,767,619

11,037,868

10,714,565

Net effect of dilutive unvested restricted stock awards included for treasury stock method

41,755

57,141

43,931

59,078

Average number of common shares outstanding - diluted

11,083,258

10,824,760

11,081,799

10,773,643

Earnings per common share

Basic

$

0.05

$

0.04

$

0.14

$

0.06

Diluted

$

0.05

$

0.04

$

0.14

$

0.06