Note 5: Earnings Per Share

3 Months Ended

Mar. 31, 2015

Notes

Note 5: Earnings Per Share

NOTE 5: EARNINGS PER SHARE

	Three Months Ended March 31,
	2015	2014
	(In Thousands, Except Per Share Data)
Basic:
Average shares outstanding	13,766	13,684
Net income available to common stockholders, basic	$11,508	$8,673
Per common share amount	$0.84	$0.63
Diluted:
Average shares outstanding	13,766	13,684
Net effect of dilutive stock options – based on the treasury
stock method using average market price	167	71
Diluted shares	13,933	13,755
Net income available to common stockholders, diluted	$11,508	$8,673
Per common share amount	$0.83	$0.63

Options to purchase 10,500 and 313,710 shares of common stock were outstanding at March 31, 2015 and 2014, respectively, but were not included in the computation of diluted earnings per common share for 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, 2015 and 2014, respectively.