EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2018

EARNINGS PER SHARE [Abstract]

Earnings per Share Basic and Diluted

Basic earnings per share is computed by dividing net income by the weighted-average number of common shares outstanding during the period. Diluted earnings per share is computed by dividing net income by the weighted-average number of common shares outstanding during the period increased to include all additional common shares that would have been outstanding assuming potentially dilutive common shares, resulting from option exercises, had been issued and any proceeds thereof used to repurchase common stock at the average market price during the period.

	2018		2017		2016
Net income	$	20,053,269	$	11,328,266	$	11,372,239
Weighted average shares:
Basic		7,242,212		7,170,701		7,061,404
Effect of dilutive securities:
Stock options		91,156		151,104		221,858
Diluted		7,333,368		7,321,805		7,283,262
Net income per share:
Basic	$	2.77	$	1.58	$	1.61
Diluted	$	2.73	$	1.55	$	1.56