Note 6 - Income Per Common Share

9 Months Ended

Sep. 30, 2017

Notes to Financial Statements

Earnings Per Share [Text Block]

Note

6:

Income Per Common Share

	For three months ended September 30, 2017						For nine months ended September 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	$	1,717,383		4,374,725	$	0.39	$	4,739,197		4,370,877	$	1.08
Effect of Dilutive Securities				72,841						64,815
Diluted Income Per Common Share	$	1,717,383		4,447,566	$	0.39	$	4,739,197		4,435,692	$	1.07

	For three months ended September 30, 2016						For nine months ended September 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	$	1,541,907		4,370,700	$	0.35	$	4,074,664		4,365,835	$	0.93
Effect of Dilutive Securities				56,853						53,553
Diluted Income Per Common Share	$	1,541,907		4,427,553	$	0.35	$	4,074,664		4,419,388	$	0.92

Stock options to purchase

32,500

shares of common stock were outstanding during the

three

and

nine

months ended

September 30, 2017

and stock options to purchase

73,500

shares of common stock were outstanding during the

three

and

nine

months ended

September 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.