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Earnings Per Share | 3 Months Ended
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Mar. 31, 2012
Earnings Per Share [Abstract] {1} |
Earnings Per Share | Note 8: Earnings Per Share Basic and diluted net income per common share available to common stockholders are based upon the weighted-average shares outstanding. The following table summarizes basic and diluted net income per common share available to common stockholders for the three- and nine-month periods ended March 31, 2012 and 2011.
| Three months ended | Nine months ended
| March 31, | March 31,
| 2012 | 2011 | 2012 | 2011
Net income | $2,176,042 | $1,977,992 | $7,700,874 | $8,856,738
Dividend payable on preferred stock | 50,000 | 128,011 | 402,111 | 383,724
Net income available to common shareholders | $2,126,042 | $1,849,981 | $7,298,763 | $8,473,014
Average Common shares – outstanding basic | 3,246,778 | 2,092,791 | 2,645,925 | 2,087,002
Stock options under treasury stock method | 94,532 | 70,368 | 89,258 | 70,242
Average Common shares – outstanding diluted | 2,715,735 | 2,163,159 | 2,443,098 | 2,157,244
Basic earnings per common share | $0.65 | $0.88 | $2.76 | $4.06
Diluted earnings per common share | $0.64 | $0.86 | $2.67 | $3.93
At March 31, 2012 and 2011, no options outstanding had an exercise price exceeding the market price.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=16381557&loc=d3e4984-109258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 40 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 + Details
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