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Note 22 - Earnings Per Share
 12 Months Ended
Dec. 31, 2016
Notes to Financial Statements  
Earnings Per Share [Text Block]
(2
2
)
Earnings
Per
Share
 
Basic earnings per share is computed by dividing net income available to common stockholders by the weighted average number of common shares outstanding during each period. Diluted earnings per share reflects the potential dilution of common stock warrants. Net income available to common stockholders represents net income after preferred stock dividends.
The following table presents earnings per share for the years ended
December
31,
2016,
2015
and
2014
:
 
 
 
2016
 
  
2015
    
2014
  
                         
Numerator
 
 
 
 
 
 
 
 
 
 
 
 
Net Income Available to Common Stockholders
 
$
7,179,900
 
   $
5,997,687
     $
4,843,021
  
                         
Denominator
 
 
 
 
 
 
 
 
 
 
 
 
Weighted Average Number of Common Shares
Outstanding for Basic Earnings Per Common Share
 
 
8,439,258
 
    
8,439,258
      
8,439,258
  
Dilutive Effect of Potential Common Stock
                        
Stock Warrants
 
 
74,037
 
    
19,203
      
-
 
Weighted-Average Number of Shares Outstanding for
Diluted Earnings Per Common Share
 
 
8,513,295
 
    
8,458,461
      
8,439,258
  
                         
Earnings Per Share - Basic
 
$
0.85
 
   $
0.71
     $
0.57
  
                         
Earnings Per Share - Diluted
 
$
0.84
 
   $
0.71
     $
0.57
  
 
For the year ended
December
31,
2014,
the Company has excluded
500,000
shares of common stock equivalents because the strike price of the common stock equivalents would cause them to have an anti-dilutive effect.