December 31,

2017

2016

2015

Net income

$

3,807,492

$

4,033,977

$

3,373,635

Net income available to common shareholders

$

3,807,492

$

4,033,977

$

3,373,635

Average number of common shares outstanding

2,547,421

2,547,778

2,547,837

Effect of dilutive restricted stock

1

0

Average number of common shares outstanding used to calculate diluted earnings per common share

2,547,422

2,547,778

2,547,837

Earnings per share - basic

$

1.49

$

1.58

$

1.32

Earnings per share - diluted

$

1.49

$

1.58

$

1.32