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EARNINGS PER SHARE
9 Months Ended
Sep. 30, 2025
EARNINGS PER SHARE  
EARNINGS PER SHARE

NOTE 4: EARNINGS PER SHARE

    

Three Months Ended September 30, 

2025

    

2024

    

(In Thousands, Except Per Share Data)

Basic:

Average common shares outstanding

 

11,335

 

11,656

Net income

 

$

17,752

 

$

16,490

Per common share amount

 

$

1.57

 

$

1.41

Diluted:

Average common shares outstanding

11,335

11,656

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

62

63

Diluted common shares

11,397

11,719

Net income

 

$

17,752

 

$

16,490

Per common share amount

 

$

1.56

 

$

1.41

    

Nine Months Ended September 30, 

    

2025

    

2024

    

(In Thousands, Except Per Share Data)

Basic:

  

 

  

Average common shares outstanding

11,479

 

11,688

Net income

$

54,698

$

46,885

Per common share amount

$

4.77

$

4.01

Diluted:

 

 

Average common shares outstanding

 

11,479

 

11,688

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

 

62

 

58

Diluted common shares

 

11,541

 

11,746

Net income

$

54,698

$

46,885

Per common share amount

$

4.74

$

3.99

Options outstanding at September 30, 2025 and 2024, to purchase 715,362 and 712,403 shares of common stock, respectively, were not included in the computation of diluted earnings per common share for each of the three- and nine-month periods then ended because the exercise prices of such options were greater than the average market price of the common stock for the three- and nine-months ended September 30, 2025 and 2024, respectively.