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Note 1: Nature of Operations and Summary of Significant Accounting Policies: Earnings Per Share, Policy (Policies)
 12 Months Ended
Dec. 31, 2018
Policies  
Earnings Per Share, Policy

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:

 

2018

2017

2016

 

(In Thousands, Except Per Share Data)

 

 

 

 

Net income and net income available to common shareholders

$             67,109

$             51,564

$             45,342

 

 

 

 

 

 

 

 

Average common shares outstanding

               14,132

               14,032

               13,912

 

 

 

 

Average common share stock options outstanding

                    128

                    148

                    229

 

 

 

 

Average diluted common shares

               14,260

               14,180

               14,141

 

 

 

 

Earnings per common share – basic

$                 4.75

$                 3.67

$                 3.26

 

 

 

 

Earnings per common share – diluted

$                 4.71

$                 3.64

$                 3.21

 

 

 

 

 

 

Options outstanding at December 31, 2018, 2017 and 2016, to purchase 424,833, 253,711 and 108,450 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, 2018, 2017 and 2016, respectively.