Earnings Per Share

12 Months Ended

Dec. 31, 2016

Note 22: Earnings Per Share

Earnings per share were computed as follows:


	2016
		Income	Weighted- Average Shares		Per-Share Amount
Basic Earnings Per Share
Net income available to common stockholders	$	13,241	7,391,681	$	1.79
Effect of Dilutive Securities
Stock options		-	147,157
Diluted Earnings Per Share
Net income available to common stockholders and assumed conversions	$	13,241	7,538,838	$	1.76



	2015
		Income	Weighted- Average Shares		Per-Share Amount
Basic Earnings Per Share
Net income available to common stockholders	$	12,262	7,374,589	$	1.66
Effect of Dilutive Securities
Stock options		-	173,296
Diluted Earnings Per Share
Net income available to common stockholders and assumed conversions	$	12,262	7,547,885	$	1.62



	2014
		Income	Weighted- Average Shares		Per-Share Amount
Basic Earnings Per Share
Net income available to common stockholders	$	11,046	7,160,700	$	1.54
Effect of Dilutive Securities
Stock options		-	231,131
Diluted Earnings Per Share
Net income available to common stockholders and assumed conversions	$	11,046	7,391,831	$	1.49

Options to purchase 37,161 and 44,161 shares of common stock were outstanding at December 31, 2015 and 2014, respectively, but were not included in the computation of diluted EPS because the options’ exercise price was greater than the average market price of the common shares. As of December 31, 2016, the exercise price for all options was lower than the average market price of the common shares.