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10. EARNINGS PER COMMON SHARE
The following table sets forth the computation of basic and diluted earnings per share.
| | | Three Months Ended | |
| | | March 31, | |
| | | | | | | | | |
| | | 2025 | | | 2024 | |
| | | | | | | | | |
| Earnings Per Share - Basic | | | | | | | | |
| Net Income | | $ | 3,131,034 | | | $ | 2,996,885 | |
| Weighted average shares of common stock outstanding - Basic | | | 3,548,310 | | | | 3,533,012 | |
| Earnings Per Share - Basic | | $ | 0.88 | | | $ | 0.85 | |
| | | | | | | | | |
| Earnings Per Share - Diluted | | | | | | | | |
| Weighted average shares of common stock outstanding - Basic | | | 3,548,310 | | | | 3,533,012 | |
| Unvested Restricted Stock Awards | | | 2,373 | | | | 5,280 | |
| Weighted average shares of common stock - Diluted | | | 3,550,683 | | | | 3,538,292 | |
| Earnings Per Share - Diluted | | $ | 0.88 | | | $ | 0.85 | |
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