Three Months Ended
June 30,

Six Months Ended
June 30,

2019

2018

2019

2018

Earnings per common share – Basic

Net income

$

1,009,568

$

1,121,351

$

1,724,738

$

1,644,731

Weighted average number of common shares outstanding

9,367,350

9,256,206

9,365,370

9,255,398

Earnings per common share – Basic

$

0.11

$

0.12

$

0.18

$

0.18

Earnings per common share – Diluted

Net income

$

1,009,568

$

1,121,351

$

1,724,738

$

1,644,731

Weighted average number of common shares outstanding

9,367,350

9,256,206

9,365,370

9,255,398

Dilutive effect of outstanding stock options

7,157

40,483

9,069

41,638

Weighted average number of common shares outstanding - Diluted

9,374,507

9,296,689

9,374,439

9,297,036

Earnings per common share – Diluted

$

0.11

$

0.12

$

0.18

$

0.18