Three Months Ended
September 30,

Nine Months Ended
September 30,

2019

2018

2019

2018

Earnings per common share – Basic

Net income

$

1,124,655

$

1,272,468

$

2,849,393

$

2,917,199

Weighted average number of common shares outstanding

9,390,662

9,269,704

9,373,893

9,260,219

Earnings per common share – Basic

$

0.12

$

0.14

$

0.30

$

0.32

Earnings per common share – Diluted

Net income

$

1,124,655

$

1,272,468

$

2,849,393

$

2,917,199

Weighted average number of common shares outstanding

9,390,662

9,269,704

9,373,893

9,260,219

Dilutive effect of outstanding stock options

7,970

39,612

8,700

40,969

Weighted average number of common shares outstanding - Diluted

9,398,632

9,309,316

9,382,593

9,301,188

Earnings per common share – Diluted

$

0.12

$

0.14

$

0.30

$

0.31