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Note 4: Earnings Per Share
 9 Months Ended
Sep. 30, 2016
Notes  
Note 4: Earnings Per Share

NOTE 4: EARNINGS PER SHARE

 

 

Three Months Ended September 30,

 

2016

 

2015

 

(In Thousands, Except Per Share Data)

 

 

 

 

Basic:

 

 

 

Average shares outstanding

13,914

 

13,840

Net income available to common stockholders

$11,221

 

$11,051

Per common share amount

$0.81

 

$0.80

 

 

 

 

Diluted:

 

 

 

Average shares outstanding

13,914

 

13,840

Net effect of dilutive stock options – based on the treasury

 

 

 

stock method using average market price

140

 

178

Diluted shares

14,054

 

14,018

Net income available to common stockholders

$11,221

 

$11,051

Per common share amount

$0.80

 

$0.79

 

 

Nine Months Ended September 30,

 

2016

 

2015

 

(In Thousands, Except Per Share Data)

 

 

 

 

Basic:

 

 

 

Average shares outstanding

13,906

 

13,815

Net income available to common stockholders

$33,548

 

$34,417

Per common share amount

$2.41

 

$2.49

 

 

 

 

Diluted:

 

 

 

Average shares outstanding

13,906

 

13,815

Net effect of dilutive stock options – based on the treasury

 

 

 

stock method using average market price

140

 

178

Diluted shares

14,046

 

13,993

Net income available to common stockholders

$33,548

 

$34,417

Per common share amount

$2.39

 

$2.46

 

 

 

 

Options outstanding at September 30, 2016 and 2015, to purchase 111,425 and 7,250 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 the exercise prices of such options were greater than the average market prices of the common stock for the three and nine months ended September 30, 2016 and 2015, respectively.