Annual report pursuant to Section 13 and 15(d)

Earnings per Common Share

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Earnings per Common Share
 12 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]  
Earnings per Common Share [Text Block]
Note 14 –
Earnings per Common Share
 
Earnings per common share is computed by dividing net income by the weighted-average number of common shares outstanding. A reconciliation of the numerators and denominators of the basic earnings per common share and diluted earnings per common share computations for 2018 and 2017 is presented below.
 
 
 
2018
 
 
2017
 
Basic earnings per common share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income available to common stockholders
 
$
9,337,224
 
 
$
8,960,766
 
 
 
 
 
 
 
 
 
 
Weighted-average common shares outstanding
 
 
2,949,212
 
 
 
2,863,899
 
Basic earnings per common share
 
$
3.17
 
 
$
3.13
 
 
 
 
 
 
 
 
 
 
Diluted earnings per common share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income available to common stockholders
 
$
9,337,224
 
 
$
8,960,766
 
 
 
 
 
 
 
 
 
 
Weighted-average common shares outstanding
 
 
2,949,212
 
 
 
2,863,899
 
 
 
 
 
 
 
 
 
 
Weighted-average common and dilutive potential common shares outstanding
 
 
2,949,212
 
 
 
2,864,037
 
 
 
 
 
 
 
 
 
 
Diluted earnings per common share
 
$
3.17
 
 
$
3.13