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Earnings Per Share (Tables)
 9 Months Ended
Sep. 30, 2019
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 September 30,

 

 

For the Nine Months Ended September 30,

 

 

 

2019

 

 

2018

 

 

2019

 

 

2018

 

Net income

 

$

249,233

 

 

$

89,368

 

 

$

573,901

 

 

$

543,969

 

Weighted average common shares outstanding:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average number of common shares outstanding - basic

 

 

7,646,875

 

 

 

7,623,182

 

 

 

7,639,588

 

 

 

7,620,747

 

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

 

 

5,382

 

 

 

3,104

 

 

 

1,286

 

 

 

1,022

 

Average number of common shares outstanding - diluted

 

 

7,652,257

 

 

 

7,626,286

 

 

 

7,640,874

 

 

 

7,621,769

 

Earnings per common share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.03

 

 

$

0.01

 

 

$

0.08

 

 

$

0.07

 

Diluted

 

$

0.03

 

 

$

0.01

 

 

$

0.08

 

 

$

0.07