Note 6 - Income Per Common Share

6 Months Ended

Jun. 30, 2017

Notes to Financial Statements

Earnings Per Share [Text Block]

Note

6:

Income Per Common Share

	For three months ended June 30, 2017						For six months ended June 30, 2017
	Income Available to Common Shareholders		Average Common Shares Outstanding		Per Common Share		Income Available to Common Shareholders		Average Common Shares Outstanding		Per Common Share
Basic Income Per Common Share	$	1,592,573		4,374,725	$	0.36	$	3,021,814		4,368,921	$	0.69
Effect of Dilutive Securities				51,686						54,439
Diluted Income Per Common Share	$	1,592,573		4,426,411	$	0.36	$	3,021,814		4,423,360	$	0.68

	For three months ended June 30, 2016						For six months ended June 30, 2016
	Income Available to Common Shareholders		Average Common Shares Outstanding		Per Common Share		Income Available to Common Shareholders		Average Common Shares Outstanding		Per Common Share
Basic Income Per Common Share	$	1,256,152		4,366,507	$	0.29	$	2,532,757		4,363,375	$	0.58
Effect of Dilutive Securities				53,977						52,028
Diluted Income Per Common Share	$	1,256,152		4,420,484	$	0.28	$	2,532,757		4,415,403	$	0.57

Stock options to purchase

58,500

and

33,500

shares of common stock were outstanding during the

three

and

six

months ended

June 30, 2017

and stock options to purchase

83,500

shares of common stock were outstanding during the

three

and

six

months ended

June 30, 2016

but were

not

included in the computation of diluted income per common share because their exercise price was greater than the average market price of the common shares.