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Note 16: Earnings Per Share | 12 Months Ended
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Jun. 30, 2013
Notes |
Note 16: Earnings Per Share | NOTE 16: Earnings Per Share The following table sets forth the computations of basic and diluted earnings per common share:
| Year Ended June 30,
| 2013 | 2012 | 2011
Net income | $10,067,215 | $10,098,263 | $11,470,031
Less: Charge for early redemption of preferred stock issued at discount | - | 94,365 | -
Less: Effective dividend on preferred shares | 345,115 | 424,184 | 511,814
Net income available to common stockholders | $9,722,100 | $9,579,714 | $10,958,217
Denominator for basic earnings per share - |  |  |
Weighted-average shares outstanding | 3,291,440 | 2,796,279 | 2,088,833
Effect of dilutive securities | 84,113 | 92,634 | 52,258
Denominator for diluted earnings per share | 3,375,553 | 2,888,913 | 2,141,091
Basic earnings per share available to common stockholders | $2.95 | $3.43 | $5.25
Diluted earnings per share available to common stockholders | $2.88 | $3.32 | $5.12

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