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Earnings per share (Tables)
 6 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
 
The following is a summary of the basic and diluted earnings per share for the three and six month periods ended June 30, 2016 and June 30, 2015.
 
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2016
 
2015
 
2016
 
2015
Net income available to common shareholders
 
$
921,630

 
$
36,102

 
$
2,058,493

 
$
344,494

Weighted average common shares outstanding
 
5,820,342

 
2,965,783

 
5,813,915

 
2,965,783

Effect of dilutive stock options
 
311,478

 
327,496

 
304,615

 
327,516

Diluted shares
 
6,131,820

 
3,293,279

 
6,118,530

 
3,293,299

Basic earnings per common share
 
$
0.16

 
$
0.01

 
$
0.35

 
$
0.12

Diluted earnings per common share
 
$
0.15

 
$
0.01

 
$
0.34

 
$
0.10