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Note 5: Earnings Per Share
 3 Months Ended
Sep. 30, 2015
Notes  
Note 5: Earnings Per Share

NOTE 5: EARNINGS PER SHARE

 

 

 

Three Months Ended September 30,

 

2015

 

2014

(In Thousands, Except Per Share Data)

 

 

 

Basic:

 

 

 

Average shares outstanding

13,840

 

13,696

Net income available to common stockholders

$11,051

 

$11,445

Per common share amount

$0.80

 

$0.84

 

 

 

 

Diluted:

 

 

 

Average shares outstanding

13,840

 

13,696

Net effect of dilutive stock options – based on the treasury

 

 

 

stock method using average market price

178

 

89

Diluted shares

14,018

 

13,785

Net income available to common stockholders

$11,051

 

$11,445

Per common share amount

$0.79

 

$0.83

 

 

Nine Months Ended September 30,

 

2015

 

2014

(In Thousands, Except Per Share Data)

 

 

 

Basic:

 

 

 

Average shares outstanding

13,815

 

13,693

Net income available to common stockholders

$34,417

 

$31,027

Per common share amount

$2.49

 

$2.27

 

 

 

 

Diluted:

 

 

 

Average shares outstanding

13,815

 

13,693

Net effect of dilutive stock options – based on the treasury

 

 

 

stock method using average market price

178

 

75

Diluted shares

13,993

 

13,768

Net income available to common stockholders

$34,417

 

$31,027

Per common share amount

$2.46

 

$2.25

 

 

 

Options outstanding at September 30, 2015 and 2014, to purchase 7,250 and 118,600 shares of common stock, respectively, were not included in the computation of diluted earnings per common share for each of the three and nine month periods because such options’ exercise prices were greater than the average market prices of the common shares for the three and nine months ended September 30, 2015 and 2014, respectively.