NOTE 4: EARNINGS PER SHARE

9 Months Ended

Sep. 30, 2017

Notes

NOTE 4: EARNINGS PER SHARE

NOTE 4: EARNINGS PER SHARE

	Three Months Ended September 30,
	2017	2016
	(In Thousands, Except Per Share Data)
Basic:
Average shares outstanding	14,038	13,914
Net income available to common stockholders	$                       11,663	$                       11,221
Per common share amount	$                            0.83	$                            0.81
Diluted:
Average shares outstanding	14,038	13,914
Net effect of dilutive stock options – based on the treasury
stock method using average market price	186	140
Diluted shares	14,224	14,054
Net income available to common stockholders	$                       11,663	$                       11,221
Per common share amount	$                            0.82	$                              0.80

	Nine Months Ended September 30,
	2017	2016
	(In Thousands, Except Per Share Data)
Basic:
Average shares outstanding	14,007	13,906
Net income available to common stockholders	$                      39,358	$                      33,548
Per common share amount	$                           2.81	$                           2.41
Diluted:
Average shares outstanding	14,007	13,906
Net effect of dilutive stock options – based on the treasury
stock method using average market price	186	140
Diluted shares	14,193	14,046
Net income available to common stockholders	$                      39,358	$                      33,548
Per common share amount	$                           2.77	$                           2.39

Options outstanding at September 30, 2017 and 2016, to purchase 114,300 and 111,425 shares of common stock, respectively, were not included in the computation of diluted earnings per common share for each of the three and nine month periods because the exercise prices of such options were greater than the average market prices of the common stock for the three and nine months ended September 30, 2017 and 2016, respectively.