Note 11 - Earnings Per Common Share

6 Months Ended

Jun. 30, 2023

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				Six Months Ended
	June 30,				June 30,
	2023		2022		2023		2022
Earnings Per Share - Basic
Net Income	$	3,851,342	$	1,171,264	$	7,242,815	$	2,237,139
Weighted average shares of common stock outstanding - Basic		3,507,108		3,464,765		3,504,978		3,449,465
Earnings Per Share - Basic	$	1.10	$	0.34	$	2.07	$	0.65
Earnings Per Share - Diluted
Weighted average shares of common stock outstanding - Basic		3,507,108		3,464,765		3,504,978		3,449,465
Unvested Restricted Stock Awards		11,278		-		2,308		-
Weighted average shares of common stock - Diluted		3,518,386		3,464,765		3,507,286		3,449,465
Earnings Per Share - Diluted	$	1.09	$	0.34	$	2.07	$	0.65