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Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Three Months Ended June 30,

 

 

For the Six Months Ended June 30,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Net income

 

$

395,474

 

 

$

18,089

 

 

$

454,601

 

 

$

3,822

 

Weighted average common shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average number of common shares outstanding - basic

 

 

7,619,549

 

 

 

7,619,469

 

 

 

7,619,509

 

 

 

7,619,469

 

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

 

 

734

 

 

—

 

 

 

490

 

 

—

 

Average number of common shares outstanding - diluted

 

 

7,620,283

 

 

 

7,619,469

 

 

 

7,619,999

 

 

 

7,619,469

 

Earnings per common share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.05

 

 

$

0.00

 

 

$

0.06

 

 

$

0.00

 

Diluted

 

$

0.05

 

 

$

0.00

 

 

$

0.06

 

 

$

0.00