INCOME PER COMMON SHARE (Tables)

6 Months Ended

Jun. 30, 2021

Earnings Per Share [Abstract]

The following table is a summary of the reconciliation of weighted average shares outstanding for the three months ended June 30:

The following table is a summary of the reconciliation of weighted average shares outstanding for the three months ended June 30:

		2021		2020
Net income	$	1,668,684	$	1,501,023
Weighted average shares outstanding		5,528,835		5,529,632
Effect of dilutive shares		157,191		184,489
Weighted average shares outstanding - diluted		5,686,026		5,714,121
Earnings per share - basic	$	0.30	$	0.27
Earnings per share - diluted	$	0.29	$	0.26

The following table is a summary of the reconciliation of weighted average shares outstanding for the six months ended June 30:

		2021		2020
Net income	$	3,478,759	$	3,022,204
Weighted average shares outstanding		5,525,291		5,529,944
Effect of dilutive shares		164,733		178,774
Weighted average shares outstanding - diluted		5,690,024		5,708,718
Earnings per share - basic	$	0.63	$	0.55
Earnings per share - diluted	$	0.61	$	0.53