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1. BASIS OF PRESENTATION (Tables)

6 Months Ended

Jun. 30, 2018

Basis Of Presentation Tables

Earnings Per Share

		Three months ended June 30,								Six months ended June 30,
		2018				2017				2018				2017
Numerator
Net income		$	803,255			$	593,501			$	1,133,710			$	908,630
Accrued preferred stock dividends			(256,438	)			(131,833	)			(511,332	)			(263,665	)
Net income applicable to common shares		$	546,817			$	461,668			$	622,378			$	644,965
Denominator
Weighted average common shares			4,964,529				4,994,407				4,964,529				5,000,046
Income per common share
after preferred dividends		$	0.11			$	0.09			$	0.13			$	0.13

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- References

No definition available.

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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://fasb.org/us-gaap/role/ref/legacyRef
-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

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