Note 11 - Earnings Per Common Share

9 Months Ended

Sep. 30, 2021

Notes to Financial Statements

Earnings Per Share [Text Block]

11. EARNINGS PER COMMON SHARE 

The following table sets forth the computation of basic and diluted earnings per share.

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Earnings Per Share - Basic
Net Income	$	1,197,877	$	1,426,090	$	5,588,599	$	3,730,497
Weighted average shares of common stock outstanding - Basic		3,408,906		3,324,380		3,403,609		3,317,864
Earnings Per Share - Basic	$	0.35	$	0.43	$	1.64	$	1.12
Earnings Per Share - Diluted
Weighted average shares of common stock outstanding - Basic		3,408,906		3,324,380		3,403,609		3,317,864
Options		913		1,623		898		1,637
Weighted average shares of common stock -Diluted		3,409,819		3,326,003		3,404,507		3,319,501
Earnings Per Share - Diluted	$	0.35	$	0.43	$	1.64	$	1.12