Note 7: Earnings Per Share

9 Months Ended

Mar. 31, 2018

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		Nine months ended
	March 31,		March 31,
	2018	2017	2018	2017
(dollars in thousands except per share data)
Net income available to common shareholders	$5,258	$3,954	$15,291	$11,839
Average Common shares – outstanding basic	8,762,344	7,450,041	8,647,593	7,442,525
Stock options under treasury stock method	13,062	28,626	12,790	25,976
Average Common shares – outstanding diluted	8,775,406	7,478,667	8,660,383	7,468,501
Basic earnings per common share	$0.60	$0.53	$1.77	$1.59
Diluted earnings per common share	$0.60	$0.53	$1.77	$1.59

At March 31, 2018 and 2017, no options outstanding had an exercise price exceeding the market price.