Earnings Per Share

3 Months Ended

Mar. 31, 2012

Earnings Per Share [Abstract] {1}

Earnings Per Share

Note 8:  Earnings Per Share

Basic and diluted net income per common share available to common stockholders are based upon the weighted-average shares outstanding.  The following table summarizes basic and diluted net income per common share available to common stockholders for the three- and nine-month periods ended March 31, 2012 and 2011.

	Three months ended		Nine months ended
	March 31,		March 31,
	2012	2011	2012	2011
Net income	$2,176,042	$1,977,992	$7,700,874	$8,856,738
Dividend payable on preferred stock	50,000	128,011	402,111	383,724
Net income available to common shareholders	$2,126,042	$1,849,981	$7,298,763	$8,473,014
Average Common shares – outstanding basic	3,246,778	2,092,791	2,645,925	2,087,002
Stock options under treasury stock method	94,532	70,368	89,258	70,242
Average Common shares – outstanding diluted	2,715,735	2,163,159	2,443,098	2,157,244
Basic earnings per common share	$0.65	$0.88	$2.76	$4.06
Diluted earnings per common share	$0.64	$0.86	$2.67	$3.93

At March 31, 2012 and 2011, no options outstanding had an exercise price exceeding the market price.