Note 4: Earnings Per Share

3 Months Ended

Mar. 31, 2016

Notes

Note 4: Earnings Per Share

NOTE 4: EARNINGS PER SHARE

	Three Months Ended March 31,
	2016	2015
(In Thousands, Except Per Share Data)
Basic:
Average shares outstanding	13,890	13,766
Net income available to common stockholders	$9,793	$11,508
Per common share amount	$0.71	$0.84
Diluted:
Average shares outstanding	13,890	13,766
Net effect of dilutive stock options – based on the treasury
stock method using average market price	128	167
Diluted shares	14,018	13,933
Net income available to common stockholders	$9,793	$11,508
Per common share amount	$0.70	$0.83

Options outstanding at March 31, 2016 and 2015, to purchase 127,100 and 10,500 shares of common stock, respectively, were not included in the computation of diluted earnings per common share for the three month periods because the exercise prices of such options were greater than the average market prices of the common stock for the three months ended March 31, 2016 and 2015, respectively.