Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v3.19.1
Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2019
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share The following table sets forth the computation of basic and diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Three Months Ended March 31,

 

 

 

2019

 

 

2018

 

Net income

 

$

187,823

 

 

$

59,126

 

Weighted average common shares outstanding:

 

 

 

 

 

 

 

 

Average number of common shares outstanding - basic

 

 

7,630,722

 

 

 

7,619,469

 

Net effect of dilutive unvested restricted stock awards included for treasury stock method

 

 

7,011

 

 

 

20

 

Average number of common shares outstanding - diluted

 

 

7,637,733

 

 

 

7,619,489

 

Earnings per common share

 

 

 

 

 

 

 

 

Basic

 

$

0.02

 

 

$

0.01

 

Diluted

 

$

0.02

 

 

$

0.01