Income Per Common Share (Tables)

6 Months Ended

Jun. 30, 2022

Earnings Per Share [Abstract]

The following table is a summary of the reconciliation of weighted average shares outstanding

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

	2022		2021
Net income	$	1,542,982	$	1,668,684
Weighted average shares outstanding		5,550,951		5,528,835
Effect of dilutive shares		142,857		157,191
Weighted average shares outstanding - diluted		5,693,808		5,686,026
Earnings per share - basic	$	0.28	$	0.30
Earnings per share - diluted	$	0.27	$	0.29

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

	2022		2021
Net income	$	3,007,088	$	3,478,759
Weighted average shares outstanding		5,547,767		5,525,291
Effect of dilutive shares		135,201		164,733
Weighted average shares outstanding - diluted		5,682,968		5,690,024
Earnings per share - basic	$	0.54	$	0.63
Earnings per share - diluted	$	0.53	$	0.61