December 31,

2019

2018

2017

Net income

$

5,290,240

$

4,647,119

$

3,807,492

Net income available to common shareholders

$

5,290,240

$

4,647,119

$

3,807,492

Average number of common shares outstanding

2,545,672

2,545,565

2,547,421

Effect of dilutive restricted stock

0

1

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

2,545,672

2,545,565

2,547,422

Earnings per share - basic

$

2.08

$

1.83

$

1.49

Earnings per share - diluted

$

2.08

$

1.83

$

1.49