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NOTE 4: EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2019

	Three Months Ended June 30,
	2019	2018
	(In Thousands, Except Per Share Data)

Basic:
Average common shares outstanding	14,192		14,125
Net income and net income available to common stockholders	$ 18,375		$ 13,839
Per common share amount	$ 1.29		$ 0.98

Diluted:
Average common shares outstanding	14,192		14,125
Net effect of dilutive stock options – based on the treasury
stock method using average market price	122		153
Diluted common shares	14,314		14,278
Net income and net income available to common stockholders	$ 18,375		$ 13,839
Per common share amount	$ 1.28		$ 0.97

	Six Months Ended June 30,
	2019	2018
	(In Thousands, Except Per Share Data)

Basic:
Average common shares outstanding	14,176		14,113
Net income and net income available to common stockholders	$ 35,988		$ 27,305
Per common share amount	$ 2.54		$ 1.93

Diluted:
Average common shares outstanding	14,176		14,113
Net effect of dilutive stock options – based on the treasury
stock method using average market price	122		153
Diluted common shares	14,298		14,266
Net income and net income available to common stockholders	$ 35,988		$ 27,305
Per common share amount	$ 2.52		$ 1.91

Options outstanding at June 30, 2019 and 2018, to purchase 309,000 and 161,400 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, 2019 and 2018, respectively.