EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2022

EARNINGS PER SHARE

EARNINGS PER SHARE

NOTE 4: EARNINGS PER SHARE

	Three Months Ended June 30,
	2022		2021
	(In Thousands, Except Per Share Data)
Basic:
Average common shares outstanding		12,581		13,710
Net income and net income available to common stockholders	$	18,224	$	20,114
Per common share amount	$	1.45	$	1.47
Diluted:
Average common shares outstanding		12,581		13,710
Net effect of dilutive stock options – based on the treasury stock method using average market price		102		102
Diluted common shares		12,683		13,812
Net income and net income available to common stockholders	$	18,224	$	20,114
Per common share amount	$	1.44	$	1.46

	Six Months Ended June 30,
	2022		2021
	(In Thousands, Except Per Share Data)
Basic:
Average common shares outstanding		12,775		13,713
Net income and net income available to common stockholders	$	35,211	$	38,982
Per common share amount	$	2.76	$	2.84
Diluted:
Average common shares outstanding		12,775		13,713
Net effect of dilutive stock options – based on the treasury stock method using average market price		108		94
Diluted common shares		12,883		13,807
Net income and net income available to common stockholders	$	35,211	$	38,982
Per common share amount	$	2.73	$	2.82

Options outstanding at June 30, 2022 and 2021, to purchase 372,449 and 452,918 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 June 30, 2022 and 2021, respectively. Options outstanding at June 30, 2022 and 2021, to purchase 372,449 and 452,918 shares of common stock, respectively, were not included in the computation of diluted earnings per common share for each of the six month periods because the exercise prices of such options were greater than the average market prices of the common stock for the six months ended June 30, 2022 and 2021, respectively.