Note 5: Earnings Per Share

3 Months Ended

Mar. 31, 2014

Notes

Note 5: Earnings Per Share

NOTE 5: EARNINGS PER SHARE

	Three Months Ended March 31,
	2014	2013
(In Thousands, Except Per Share Data)
Basic:
Average shares outstanding	13,684	13,605
Net income available to common stockholders	$8,818	$8,249
Per share amount	$0.64	$0.61
Diluted:
Average shares outstanding	13,684	13,605
Net effect of dilutive stock options and warrants – based on the treasury
stock method using average market price	71	46
Diluted shares	13,755	13,651
Net income available to common stockholders	$8,818	$8,249
Per share amount	$0.63	$0.60

Options to purchase 313,710 and 479,251 shares of common stock were outstanding at March 31, 2014 and 2013, respectively, but were not included in the computation of diluted earnings per share for each of the three month periods because the options’ exercise prices were greater than the average market prices of the common shares for the three months ended March 31, 2014 and 2013, respectively.