NOTE 4: EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2020

Notes

NOTE 4: EARNINGS PER SHARE

NOTE 4: EARNINGS PER SHARE

	Three Months Ended March 31,
	2020		2019
	(In Thousands, Except Per Share Data)
Basic:
Average common shares outstanding		14,221		14,159
Net income and net income available to common stockholders	$	14,868	$	17,612
Per common share amount	$	1.05	$	1.24
Diluted:
Average common shares outstanding		14,221		14,159
Net effect of dilutive stock options – based on the treasury
stock method using average market price		78		108
Diluted common shares		14,299		14,267
Net income and net income available to common stockholders	$	14,868	$	17,612
Per common share amount	$	1.04	$	1.23

Options outstanding at March 31, 2020 and 2019, to purchase 568,551 and 413,719 shares of common stock, respectively, were not included in the computation of diluted earnings per common share for each of 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, 2020 and 2019, respectively.