EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2021

EARNINGS PER SHARE

EARNINGS PER SHARE

NOTE 4: EARNINGS PER SHARE

	Three Months Ended March 31,
	2021		2020
	(In Thousands, Except Per Share Data)
Basic:
Average common shares outstanding		13,716		14,221
Net income and net income available to common stockholders	$	18,868	$	14,868
Per common share amount	$	1.38	$	1.05
Diluted:
Average common shares outstanding		13,716		14,221
Net effect of dilutive stock options – based on the treasury stock method using average market price		112		78
Diluted common shares		13,828		14,299
Net income and net income available to common stockholders	$	18,868	$	14,868
Per common share amount	$	1.36	$	1.04

Options outstanding at March 31, 2021 and 2020, to purchase 352,488 and 568,551 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, 2021 and 2020, respectively.