Three Months Ended
September 30,

Nine Months Ended
September 30,

2020

2019

2020

2019

Earnings per common share – Basic

Net income

$

4,656,830

$

1,124,655

$

8,736,032

$

2,849,393

Weighted average number of common shares outstanding

9,462,105

9,390,662

9,454,639

9,373,893

Earnings per common share – Basic

$

0.49

$

0.12

$

0.92

$

0.30

Earnings per common share – Diluted

Net income

$

4,656,830

$

1,124,655

$

8,736,032

$

2,849,393

Weighted average number of common shares outstanding

9,462,105

9,390,662

9,454,639

9,373,893

Dilutive effect of outstanding stock options

-

7,970

4,708

8,700

Weighted average number of common shares outstanding - Diluted

9,462,105

9,398,632

9,459,347

9,382,593

Earnings per common share – Diluted

$

0.49

$

0.12

$

0.92

$

0.30