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Note 16: Earnings Per Share | 12 Months Ended
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Jun. 30, 2014
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,
| 2014 | 2013 | 2012
Net income | $10,081,101 | $10,067,215 | $10,098,263
Less: Charge for early redemption of preferred stock issued at discount |  |  | 94,365
Less: Effective dividend on preferred shares | 200,000 | 345,115 | 424,184
Net income available to common stockholders | $9,881,101 | $9,722,100 | $9,579,714
Denominator for basic earnings per share - |  |  |
Weighted-average shares outstanding | 3,308,180 | 3,291,440 | 2,796,279
Effect of dilutive securities stock options | 92,027 | 84,113 | 92,634
Denominator for diluted earnings per share | 3,400,207 | 3,375,553 | 2,888,913
Basic earnings per share available to common stockholders | $2.99 | $2.95 | $3.43
Diluted earnings per share available to common stockholders | $2.91 | $2.88 | $3.32

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