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Note 1: Nature of Operations and Summary of Significant Accounting Policies: Earnings Per Share, Policy (Policies)

12 Months Ended

Dec. 31, 2019

Policies

Earnings Per Share, Policy

Basic earnings per common share are computed based on the weighted average number of common shares outstanding during each year.  Diluted earnings per common share are computed using the weighted average common shares and all potential dilutive common shares outstanding during the period.

Earnings per common share (EPS) were computed as follows:

		2019			2018			2017
		(In Thousands, Except Per Share Data)
Net income and net income available to common shareholders	$	73,612		$	67,109		$	51,564
Average common shares outstanding		14,201			14,132			14,032
Average common share stock options outstanding		129			128			148
Average diluted common shares		14,330			14,260			14,180
Earnings per common share – basic	$	5.18		$	4.75		$	3.67
Earnings per common share – diluted	$	5.14		$	4.71		$	3.64

Options outstanding at December 31, 2019, 2018 and 2017, to purchase 201,400, 424,833 and 253,711 shares of common stock, respectively, were not included in the computation of diluted earnings per common share for each of the years because the exercise prices of such options were greater than the average market prices of the common stock for the years ended December 31, 2019, 2018 and 2017, respectively.   

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- Definition

Disclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
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-Section 50
-Paragraph 1
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-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
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-Topic 260
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
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- References

No definition available.

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