December 31,

2018

2017

2016

Net income

$

4,647,119

$

3,807,492

$

4,033,977

Net income available to common shareholders

$

4,647,119

$

3,807,492

$

4,033,977

Average number of common shares outstanding

2,545,565

2,547,421

2,547,778

Effect of dilutive restricted stock

0

1

0

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

2,545,565

2,547,422

2,547,778

Earnings per share - basic

$

1.83

$

1.49

$

1.58

Earnings per share - diluted

$

1.83

$

1.49

$

1.58