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Note 5: Earnings Per Share
 6 Months Ended
Jun. 30, 2014
Notes  
Note 5: Earnings Per Share

NOTE 5: EARNINGS PER SHARE

 

 

 

 

Three Months Ended June 30,

 

2014

 

2013

(In Thousands, Except Per Share Data)

 

 

 

Basic:

 

 

 

Average shares outstanding

13,685

 

13,619

Net income available to common stockholders

$10,909

 

$8,079

Per share amount

$0.80

 

$0.59

 

 

 

 

Diluted:

 

 

 

Average shares outstanding

13,685

 

13,619

Net effect of dilutive stock options and warrants – based on the treasury

 

 

 

stock method using average market price

95

 

62

Diluted shares

13,780

 

13,681

Net income available to common stockholders

$10,909

 

$8,079

Per share amount

$0.79

 

$0.59

 

 

 

Six Months Ended June 30,

 

2014

 

2013

(In Thousands, Except Per Share Data)

 

 

 

Basic:

 

 

 

Average shares outstanding

13,685

 

13,618

Net income available to common stockholders

$19,582

 

$16,328

Per share amount

$1.43

 

$1.20

 

 

 

 

Diluted:

 

 

 

Average shares outstanding

13,685

 

13,618

Net effect of dilutive stock options and warrants – based on the treasury

 

 

 

stock method using average market price

95

 

62

Diluted shares

13,780

 

13,680

Net income available to common stockholders

$19,582

 

$16,328

Per share amount

$1.42

 

$1.19

 

 

 

 

Options to purchase 182,275 and 341,950 shares of common stock were outstanding at June 30, 2014 and 2013, respectively, but were not included in the computation of diluted earnings per share for each of the three month and six month periods because the options’ exercise prices were greater than the average market prices of the common shares for the three and six months ended June 30, 2014 and 2013, respectively.