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NOTE 4: EARNINGS PER SHARE

3 Months Ended

Sep. 30, 2019

	Three Months Ended September 30,
	2019	2018
	(In Thousands, Except Per Share Data)

Basic:
Average common shares outstanding	14,210	14,146
Net income and net income available to common stockholders	$ 19,732	$ 22,516
Per common share amount	$ 1.39	$ 1.59

Diluted:
Average common shares outstanding	14,210	14,146
Net effect of dilutive stock options – based on the treasury
stock method using average market price	107	153
Diluted common shares	14,317	14,299
Net income and net income available to common stockholders	$ 19,732	$ 22,516
Per common share amount	$ 1.38	$ 1.57

	Nine Months Ended September 30,
	2019	2018
	(In Thousands, Except Per Share Data)

Basic:
Average common shares outstanding	14,187	14,124
Net income and net income available to common stockholders	$ 55,720	$ 49,821
Per common share amount	$ 3.93	$ 3.53

Diluted:
Average common shares outstanding	14,187	14,124
Net effect of dilutive stock options – based on the treasury
stock method using average market price	110	136
Diluted common shares	14,297	14,260
Net income and net income available to common stockholders	$ 55,720	$ 49,821
Per common share amount	$ 3.90	$ 3.49

Options outstanding at September 30, 2019 and 2018, to purchase 328,275 and 170,600 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 September 30, 2019 and 2018, respectively. Options outstanding at September 30, 2019 and 2018, to purchase 318,275 and 260,947 shares of common stock, respectively, were not included in the computation of diluted earnings per common share for each of the nine month periods because the exercise prices of such options were greater than the average market prices of the common stock for the nine months ended September 30, 2019 and 2018, respectively.