Note 7: Earnings Per Share: Schedule of Earnings Per Share, Basic and Diluted (Tables)

3 Months Ended

Mar. 31, 2014

Tables/Schedules

Schedule of Earnings Per Share, Basic and Diluted

The following table sets forth the computation of basic and diluted earnings per share:

	Three months ended		Nine months ended
	March 31,		March 31,
	2014	2013	2014	2013
Net income	$2,242,827	$2,466,110	$7,324,735	$7,537,284
Charge for early redemption of preferred stock issued at discount	-	-	-	-
Dividend payable on preferred stock	50,000	50,000	150,000	295,115
Net income available to common shareholders	$2,192,827	$2,416,110	$7,174,735	$7,242,169
Average Common shares – outstanding basic	3,311,740	3,294,040	3,295,924	3,290,573
Stock options under treasury stock method	111,670	95,101	102,854	92,065
Average Common shares – outstanding diluted	3,423,410	3,389,141	3,398,778	3,382,638
Basic earnings per common share	$0.66	$0.73	$2.18	$2.20
Diluted earnings per common share	$0.64	$0.71	$2.11	$2.14