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NOTE 4: EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2018

Notes

NOTE 4: EARNINGS PER SHARE

NOTE 4: EARNINGS PER SHARE

	Three Months Ended March 31,
	2018		2017
	(In Thousands, Except Per Share Data)
Basic:
Average shares outstanding	14,101		13,994
Net income available to common stockholders	$                         13,466		$                         11,518
Per common share amount	$                             0.95		$                             0.82
Diluted:
Average shares outstanding	14,101		13,994
Net effect of dilutive stock options – based on the treasury
stock method using average market price	131		171
Diluted shares	14,232		14,165
Net income available to common stockholders	$                         13,466		$                         11,518
Per common share amount	$                             0.95		$                             0.81

Options outstanding at March 31, 2018 and 2017, to purchase 252,911 and 120,250 shares of common stock, respectively, were not included in the computation of diluted earnings per common share for each of the three month periods because the exercise prices of such options were greater than the average market prices of the common stock for the three months ended March 31, 2018 and 2017, respectively.   

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- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI http://asc.fasb.org/topic&trid=2144383

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