Three Months Ended
September 30,

Nine Months Ended
September 30,

2021

2020

2021

2020

Earnings per common share – Basic

Net income

$

3,270,861

$

4,656,830

$

7,776,445

$

8,736,032

Weighted average number of common shares outstanding

9,485,799

9,462,105

9,483,499

9,454,639

Earnings per common share – Basic

$

0.34

$

0.49

$

0.82

$

0.92

Earnings per common share – Diluted

Net income

$

3,270,861

$

4,656,830

$

7,776,445

$

8,736,032

Weighted average number of common shares outstanding

9,485,799

9,462,105

9,483,499

9,454,639

Dilutive effect of outstanding stock options

-

4,708

Weighted average number of common shares outstanding - Diluted

9,485,799

9,462,105

9,483,499

9,459,347

Earnings per common share – Diluted

$

0.34

$

0.49

$

0.82

$

0.92