Note 7: Earnings Per Share

9 Months Ended

Mar. 31, 2019

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,
	2019	2018	2019	2018
(dollars in thousands except per share data)
Net income available to common shareholders	$         7,094	$         5,258	$       21,348	$       15,291
Average Common shares – outstanding basic	9,323,348	8,762,344	9,152,181	8,647,593
Stock options under treasury stock method	7,539	13,062	11,076	12,790
Average Common shares – outstanding diluted	9,330,887	8,775,406	9,163,257	8,660,383
Basic earnings per common share	$           0.76	$           0.60	$           2.33	$           1.77
Diluted earnings per common share	$           0.76	$           0.60	$           2.33	$           1.77

At March 31, 2019, 31,000 options outstanding had an exercise price in excess of the market price.  At March 31, 2018, no options outstanding had an exercise price in excess of the market price.