For the Three Months Ended September 30,

For the Nine Months Ended September 30,

2024

2023

2024

2023

Net income

$

1,181,657

$

270,758

$

2,039,337

$

1,841,369

Earnings and dividends allocated to participating securities

(11,290

)

(6,406

)

(29,343

)

(18,667

)

Net income attributable to common stockholders

$

1,170,367

$

264,352

$

2,009,994

$

1,822,702

Weighted average common shares outstanding:

Average number of common shares outstanding - basic

11,101,705

11,048,877

11,087,613

11,041,578

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

57,482

41,797

39,403

43,106

Average number of common shares outstanding - diluted

11,159,187

11,090,674

11,127,016

11,084,684

Earnings per common share

Basic

$

0.11

$

0.02

$

0.18

$

0.17

Diluted

$

0.10

$

0.02

$

0.18

$

0.16