Note 7: Earnings Per Share

3 Months Ended

Sep. 30, 2017

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,
	2017	2016
(dollars in thousands except per share data)
Net income available to common shareholders	$4,862	$3,709
Average Common shares – outstanding basic	8,591,363	7,436,914
Stock options under treasury stock method	28,799	30,556
Average Common shares – outstanding diluted	8,620,162	7,467,470
Basic earnings per common share	$0.57	$0.50
Diluted earnings per common share	$0.56	$0.50

At September 30, 2017 and 2016, no options outstanding had an exercise price exceeding the market price.