Note 4: Earnings Per Share

3 Months Ended

Jun. 30, 2017

Notes

Note 4: Earnings Per Share

NOTE 4: EARNINGS PER SHARE

	Three Months Ended June 30,
	2017	2016
	(In Thousands, Except Per Share Data)
Basic:
Average shares outstanding	14,027	13,899
Net income available to common stockholders	$              16,176	$              12,534
Per common share amount	$                  1.15	$                  0.90
Diluted:
Average shares outstanding	14,027	13,899
Net effect of dilutive stock options – based on the treasury
stock method using average market price	179	121
Diluted shares	14,206	14,020
Net income available to common stockholders	$              16,176	$              12,534
Per common share amount	$                  1.14	$                  0.89

	Six Months Ended June 30,
	2017	2016
	(In Thousands, Except Per Share Data)
Basic:
Average shares outstanding	14,010	13,900
Net income available to common stockholders	$              27,695	$              22,327
Per common share amount	$                  1.98	$                  1.61
Diluted:
Average shares outstanding	14,010	13,900
Net effect of dilutive stock options – based on the treasury
stock method using average market price	179	124
Diluted shares	14,189	14,024
Net income available to common stockholders	$              27,695	$              22,327
Per common share amount	$                  1.95	$                  1.59

Options outstanding at June 30, 2017 and 2016, to purchase 114,800 and 125,150 shares of common stock, respectively, were not included in the computation of diluted earnings per common share for each of the three and six month periods because the exercise prices of such options were greater than the average market prices of the common stock for the three and six months ended June 30, 2017 and 2016, respectively.