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EARNINGS PER SHARE
9 Months Ended
Sep. 30, 2021
EARNINGS PER SHARE  
EARNINGS PER SHARE

NOTE 4: EARNINGS PER SHARE

    

Three Months Ended September 30, 

2021

    

2020

(In Thousands, Except Per Share Data)

Basic:

Average common shares outstanding

 

13,534

 

14,053

Net income and net income available to common stockholders

 

$

20,364

 

$

13,454

Per common share amount

 

$

1.50

 

$

0.96

Diluted:

Average common shares outstanding

13,534

14,053

Net effect of dilutive stock options – based on the treasury stock method
using average market price

92

32

Diluted common shares

13,626

14,085

Net income and net income available to common stockholders

 

$

20,364

 

$

13,454

Per common share amount

 

$

1.49

 

$

0.96

    

Nine Months Ended September 30, 

2021

    

2020

(In Thousands, Except Per Share Data)

Basic:

  

 

  

Average common shares outstanding

13,652

 

14,119

Net income and net income available to common stockholders

$

59,346

$

41,525

Per common share amount

$

4.35

$

2.94

Diluted:

 

  

 

  

Average common shares outstanding

 

13,652

 

14,119

Net effect of dilutive stock options – based on the treasury stock method
using average market price

 

92

 

46

Diluted common shares

 

13,744

 

14,165

Net income and net income available to common stockholders

$

59,346

$

41,525

Per common share amount

$

4.32

$

2.93

Options outstanding at September 30, 2021 and 2020, to purchase 448,256 and 654,369 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, 2021 and 2020, respectively. Options outstanding at September 30, 2021 and 2020, to purchase 448,256 and 650,869 shares of common stock, respectively, were not included in the computation of diluted earnings per common share for 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, 2021 and 2020, respectively.