EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2024

EARNINGS PER SHARE

EARNINGS PER SHARE

NOTE 4: EARNINGS PER SHARE

	Three Months Ended June 30,
	2024		2023
	(In Thousands, Except Per Share Data)
Basic:
Average common shares outstanding		11,642		12,032
Net income	$	16,988	$	18,320
Per common share amount	$	1.46	$	1.52
Diluted:
Average common shares outstanding		11,642		12,032
Net effect of dilutive stock options – based on the treasury stock method using average market price		59		37
Diluted common shares		11,701		12,069
Net income	$	16,988	$	18,320
Per common share amount	$	1.45	$	1.52

	Six Months Ended June 30,
	2024		2023
	(In Thousands, Except Per Share Data)
Basic:
Average common shares outstanding		11,704		12,116
Net income	$	30,395	$	38,776
Per common share amount	$	2.60	$	3.20
Diluted:
Average common shares outstanding		11,704		12,116
Net effect of dilutive stock options – based on the treasury stock method using average market price		59		53
Diluted common shares		11,763		12,169
Net income	$	30,395	$	38,776
Per common share amount	$	2.58	$	3.19

Options outstanding at June 30, 2024 and 2023, to purchase 741,708 and 767,479 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 price of the common stock for the three months ended June 30, 2024 and 2023, respectively. Options outstanding at June 30, 2024 and 2023, to purchase 741,708 and 675,118 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 price of the common stock for the six months ended June 30, 2024 and 2023, respectively.