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Note 7: Earnings Per Share
3 Months Ended
Sep. 30, 2014
Notes  
Note 7: Earnings Per Share

Note 7:  Earnings Per Share

 

 

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

 

 

Three months ended

September 30,

2014

2013

(dollars in thousands except for per share data)

 Net income

$3,299

$2,563

 Dividend payable on preferred stock

50

50

 Net income available to common shareholders

$3,249

$2,513

 Average Common shares – outstanding basic

3,556,936

3,295,043

 Stock options under treasury stock method

97,035

94,061

 Average Common shares – outstanding diluted

3,653,971

3,389,104

 Basic earnings per common share

$0.91

$0.76

 Diluted earnings per common share

$0.89

$0.74

 

 

At September 30, 2014 and 2013, no options outstanding had an exercise price exceeding the market price.