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Earnings per share (Tables) | 3 Months Ended
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Mar. 31, 2017
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 month periods ended March 31, 2017 and March 31, 2016.
|  | Three Months Ended March 31,
|  | 2017 |  | 2016
Net income available to common shareholders |  | $ | 1,448,851 |  |  | $ | 1,136,863 |
Weighted average common shares outstanding |  | 7,524,830 |  |  | 5,807,488 |
Effect of dilutive stock options |  | 106,389 |  |  | 300,599 |
Diluted shares |  | 7,631,219 |  |  | 6,108,087 |
Basic earnings per common share |  | $ | 0.19 |  |  | $ | 0.20 |
Diluted earnings per common share |  | $ | 0.19 |  |  | $ | 0.19 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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