Annual report pursuant to Section 13 and 15(d)

Earnings per Common Share (Tables)

v3.6.0.2
Earnings per Common Share (Tables)
 12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
A reconciliation of the numerators and denominators of the basic earnings per common share and diluted earnings per common share computations for 2016 and 2015 is presented below.
 
 
 
2016
 
 
2015
 
Basic earnings per common share:
 
 
 
 
 
 
 
 
Net income available to common stockholders
 
$
9,141,725
 
 
$
7,852,142
 
Weighted-average common shares outstanding
 
 
2,858,556
 
 
 
2,850,801
 
Basic earnings per common share
 
$
3.20
 
 
$
2.75
 
 
 
 
 
 
 
 
 
 
Diluted earnings per common share:
 
 
 
 
 
 
 
 
Net income available to common stockholders
 
$
9,141,725
 
 
$
7,852,142
 
Weighted-average common shares outstanding
 
 
2,858,556
 
 
 
2,850,801
 
Weighted-average common and dilutive potential common shares outstanding
 
 
2,858,601
 
 
 
2,850,801
 
Diluted earnings per common share
 
$
3.20
 
 
$
2.75