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NOTE 4: EARNINGS PER SHARE
 6 Months Ended
Jun. 30, 2020
Notes  
NOTE 4: EARNINGS PER SHARE

NOTE 4: EARNINGS PER SHARE

 

 

Three Months Ended June 30,

 

2020

 

2019

 

(In Thousands, Except Per Share Data)

 

 

 

Basic:

 

 

 

 

 

Average common shares outstanding

 

14,084

 

 

14,192

Net income and net income available to common stockholders

$

13,203

 

$

18,375

Per common share amount

$

0.94

 

$

1.29

 

 

 

 

 

 

Diluted:

 

 

 

 

 

Average common shares outstanding

 

14,084

 

 

14,192

Net effect of dilutive stock options – based on the treasury

 

 

 

 

 

stock method using average market price

 

40

 

 

122

Diluted common shares

 

14,124

 

 

14,314

Net income and net income available to common stockholders

$

13,203

 

$

18,375

Per common share amount

$

0.93

 

$

1.28

 

 

Six Months Ended June 30,

 

2020

 

2019

 

(In Thousands, Except Per Share Data)

 

 

 

Basic:

 

 

 

 

 

Average common shares outstanding

 

14,153

 

 

14,176

Net income and net income available to common stockholders

$

28,071

 

$

35,988

Per common share amount

$

1.98

 

$

2.54

 

 

 

 

 

 

Diluted:

 

 

 

 

 

Average common shares outstanding

 

14,153

 

 

14,176

Net effect of dilutive stock options – based on the treasury

 

 

 

 

 

stock method using average market price

 

56

 

 

122

Diluted common shares

 

14,209

 

 

14,298

Net income and net income available to common stockholders

$

28,071

 

$

35,988

Per common share amount

$

1.98

 

$

2.52

 

 

Options outstanding at June 30, 2020 and 2019, to purchase 653,794 and 309,000 shares of common stock, respectively, were not included in the computation of diluted earnings per common share for 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 June 30, 2020 and 2019, respectively.  Options outstanding at June 30, 2020 and 2019, to purchase 565,401 and 309,000 shares of common stock, respectively, were not included in the computation of diluted earnings per common share for the six month periods because the exercise prices of such options were greater than the average market prices of the common stock for the six months ended June 30, 2020 and 2019, respectively.