Earnings Per Share: Schedule of Earnings Per Share, Basic and Diluted (Tables)

3 Months Ended

Dec. 31, 2012

Tables/Schedules

Schedule of Earnings Per Share, Basic and Diluted

	Three months ended
	December 31,
	2012	2011
Net income	$2,480,920	$2,674,440
Dividend payable on preferred stock	50,000	121,713
Net income available to common shareholders	$2,430,920	$2,552,727
Average Common shares – outstanding basic	3,249,309	2,595,073
Stock options under treasury stock method	134,241	91,454
Average Common shares – outstanding diluted	3,383,550	2,686,527
Basic earnings per common share	$0.75	$0.98
Diluted earnings per common share	$0.72	$0.95

	Six months ended
	December 31,
	2012	2011
Net income	$5,071,174	$5,524,832
Dividend payable on preferred stock	245,115	352,111
Net income available to common shareholders	$4,826,059	$5,172,721
Average Common shares – outstanding basic	3,248,839	2,345,498
Stock options under treasury stock method	132,865	88,800
Average Common shares – outstanding diluted	3,381,704	2,434,298
Basic earnings per common share	$1.49	$2.21
Diluted earnings per common share	$1.43	$2.12