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Earnings Per Common Share
 12 Months Ended
Dec. 31, 2015
Earnings Per Share [Abstract]  
Earnings Per Common Share

Note 15. Earnings Per Common Share

 

Earnings per common share are calculated as follows:

 

  2015  2014  2013 
Basic:            
Net income $1,352,616  $1,914,526  $2,614,177 
Weighted average common shares outstanding  2,768,966   2,755,671   2,742,003 
Basic net income per share $0.49  $0.69  $0.95 

 

Diluted earnings per share calculations were not required for 2015, 2014, and 2013 as there were no options outstanding at December 31, 2015, 2014, and 2013.