Annual report pursuant to Section 13 and 15(d)

Earnings per Common Share

v3.3.1.900
Earnings per Common Share
12 Months Ended
Dec. 31, 2015
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
Note 13 – 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 2015 and 2014 is presented below.
 
 
 
2015
 
 
2014
 
Basic earnings per common share:
 
 
 
 
 
 
 
 
Net income available to common stockholders
 
$
7,852,142
 
 
$
7,393,779
 
Weighted-average common shares outstanding
 
 
2,850,801
 
 
 
2,844,033
 
Basic earnings per common share
 
$
2.75
 
 
$
2.60
 
 
 
 
 
 
 
 
 
 
Diluted earnings per common share:
 
 
 
 
 
 
 
 
Net income available to common stockholders
 
$
7,852,142
 
 
$
7,393,779
 
Weighted-average common shares outstanding
 
 
2,850,801
 
 
 
2,844,033
 
Weighted-average common and dilutive potential common shares outstanding
 
 
2,850,801
 
 
 
2,844,033
 
Diluted earnings per common share
 
$
2.75
 
 
$
2.60
 
 
There were 750 anti-dilutive shares outstanding at both December 31, 2015 and 2014.