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Note 7: Earnings Per Share: Schedule of Earnings Per Share, Basic and Diluted (Tables) | 3 Months Ended
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Mar. 31, 2014
Tables/Schedules |
Schedule of Earnings Per Share, Basic and Diluted | The following table sets forth the computation of basic and diluted earnings per share:
| Three months ended | Nine months ended
| March 31, | March 31,
| 2014 | 2013 | 2014 | 2013
Net income | $2,242,827 | $2,466,110 | $7,324,735 | $7,537,284
Charge for early redemption of preferred stock issued at discount | - | - | - | -
Dividend payable on preferred stock | 50,000 | 50,000 | 150,000 | 295,115
Net income available to common shareholders | $2,192,827 | $2,416,110 | $7,174,735 | $7,242,169
Average Common shares – outstanding basic | 3,311,740 | 3,294,040 | 3,295,924 | 3,290,573
Stock options under treasury stock method | 111,670 | 95,101 | 102,854 | 92,065
Average Common shares – outstanding diluted | 3,423,410 | 3,389,141 | 3,398,778 | 3,382,638
Basic earnings per common share | $0.66 | $0.73 | $2.18 | $2.20
Diluted earnings per common share | $0.64 | $0.71 | $2.11 | $2.14

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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