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Earnings Per Common Share
 12 Months Ended
Dec. 31, 2011
Earnings Per Common Share

Note 16.  Earnings Per Common Share

 

Earnings per common share are calculated as follows:

 

    2011     2010     2009  
Basic:                        
Net income   $ 2,993,093     $ 2,064,785     $ 1,262,462  
Weighted average common shares outstanding     2,710,455       2,690,218       2,734,524  
Basic net income per share   $ 1.10     $ 0.76     $ 0.46  

  

Diluted earnings per share calculations were not required for 2011, 2010, and 2009 as there were no options outstanding at December 31, 2011, 2010, and 2009.