Earnings Per Share

9 Months Ended

Sep. 30, 2019

Note 3: Earnings Per Share

Earnings per share were computed as follows:


	Three Months Ended September 30,
	2019					2018
			Weighted-Average	Per-Share				Weighted-Average	Per-Share
	Net Income		Shares	Amount		Net Income		Shares	Amount
Basic Earnings Per Share
Net income	$	6,134	8,516,038	$	0.72	$	5,402	8,587,424	$	0.63
Effect of Dilutive Securities
Stock options			112,992					146,267
Diluted Earnings Per Share
Net income available and assumed conversions	$	6,134	8,629,030	$	0.71	$	5,402	8,733,691	$	0.62


	Nine Months Ended September 30,
	2019					2018
			Weighted-Average	Per-Share				Weighted-Average	Per-Share
	Net Income		Shares	Amount		Net Income		Shares	Amount
Basic Earnings Per Share
Net income	$	17,123	8,579,514	$	2.00	$	13,573	8,327,963	$	1.63
Effect of Dilutive Securities
Stock options			117,851					151,945
Diluted Earnings Per Share
Net income available and assumed conversions	$	17,123	8,697,365	$	1.97	$	13,573	8,479,908	$	1.60

As of September 30, 2019 and 2018, the exercise price for all options was lower than the average market price of the common shares.