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Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2015
Accounting Policies [Abstract]  
Effect of Dilutive Shares

The effect of the dilutive shares for the years 2015, 2014 and 2013 is illustrated in the following table.

 

     2015      2014      2013  

Basic weighted average shares outstanding

     4,872,064         4,870,114         4,868,263   

Dilutive effect of stock options

     2,077         635         1,504   
  

 

 

    

 

 

    

 

 

 

Dilutive weighted average shares outstanding

     4,874,141         4,870,749         4,869,767   
  

 

 

    

 

 

    

 

 

 

Net income

   $ 7,588,901       $ 7,449,759       $ 7,149,860   
  

 

 

    

 

 

    

 

 

 

Net income per share-basic

   $ 1.56       $ 1.53       $ 1.47   

Net income per share-diluted

   $ 1.56       $ 1.53       $ 1.47