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Earnings Per Common Share

12 Months Ended

Dec. 31, 2014

Note 15. Earnings Per Common Share

Earnings per common share are calculated as follows:

	2014			2013		2012
Basic:
Net income		$	1,914,526	$	2,614,177	$	2,665,080
Weighted average common shares outstanding			2,755,671		2,742,003		2,728,072
Basic net income per share		$	0.69	$	0.95	$	0.98

Diluted earnings per share calculations were not required for 2014, 2013, and 2012 as there were no options outstanding at December 31, 2014, 2013, and 2012.

- Definition

The entire disclosure for earnings per share.

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