Note 11 - Earnings Per Common Share

6 Months Ended

Jun. 30, 2024

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,
	2024		2023		2024		2023
Earnings Per Share - Basic
Net Income	$	3,283,456	$	3,851,342	$	6,280,341	$	7,242,815
Weighted average shares of common stock outstanding - Basic		3,540,656		3,507,108		3,536,834		3,504,978
Earnings Per Share - Basic	$	0.93	$	1.10	$	1.78	$	2.07
Earnings Per Share - Diluted
Weighted average shares of common stock outstanding - Basic		3,540,656		3,507,108		3,536,834		3,504,978
Unvested Restricted Stock Awards		11,857		11,278		8,639		2,308
Weighted average shares of common stock - Diluted		3,552,513		3,518,386		3,545,473		3,507,286
Earnings Per Share - Diluted	$	0.92	$	1.09	$	1.77	$	2.07