Three Months Ended September 30,

Nine Months Ended September 30,

2020

2019

2020

2019

Numerator for basic and diluted earnings per common share:

Net income for the period

$

716

$

4,205

$

3,707

$

9,620

Denominator for basic and diluted earnings per common share:

Basic weighted average number of common shares outstanding

10,577,731

10,626,754

10,585,785

10,639,544

Effect of outstanding stock options

105,077

119,080

93,377

158,555

Diluted weighted average number of shares outstanding

10,682,808

10,745,834

10,679,162

10,798,099

Basic earnings per common share

$

0.07

$

0.40

$

0.35

$

0.90

Diluted earnings per common share

$

0.07

$

0.39

$

0.35

$

0.89