XML 30 R18.htm IDEA: XBRL DOCUMENT v3.7.0.1
Earnings per share (Tables)
 3 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
 
The following is a summary of the basic and diluted earnings per share for the three month periods ended March 31, 2017 and March 31, 2016.
 
 
 
Three Months Ended March 31,
 
 
2017
 
2016
Net income available to common shareholders
 
$
1,448,851

 
$
1,136,863

Weighted average common shares outstanding
 
7,524,830

 
5,807,488

Effect of dilutive stock options
 
106,389

 
300,599

Diluted shares
 
7,631,219

 
6,108,087

Basic earnings per common share
 
$
0.19

 
$
0.20

Diluted earnings per common share
 
$
0.19

 
$
0.19