Note 1: Nature of Operations and Summary of Significant Accounting Policies: Earnings Per Common Share (Policies)

12 Months Ended

Dec. 31, 2015

Policies

Earnings Per Common Share

Earnings Per Common Share

Basic earnings per common share are computed based on the weighted average number of common shares outstanding during each year.  Diluted earnings per common share are computed using the weighted average common shares and all potential dilutive common shares outstanding during the period.

Earnings per common share (EPS) were computed as follows:

	2015	2014	2013
(In Thousands, Except Per Share Data)
Net income	$46,502	$43,529	$33,729
Net income available to common shareholders	$45,948	$42,950	$33,150
Average common shares outstanding	13,818	13,700	13,635
Average common share stock options outstanding	182	176	80
Average diluted common shares	14,000	13,876	13,715
Earnings per common share – basic	$3.33	$3.14	$2.43
Earnings per common share – diluted	$3.28	$3.10	$2.42

Options outstanding at December 31, 2015, 2014 and 2013, to purchase 117,600, 500 and 243,510 shares of common stock, respectively, were not included in the computation of diluted earnings per common share for each of the years because the exercise prices of such options were greater than the average market prices of the common stock for the years ended December 31, 2015, 2014 and 2013, respectively

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