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Note 7: Earnings Per Share | 9 Months Ended
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Mar. 31, 2015
Notes |
Note 7: Earnings Per Share | Note 7: Earnings Per Share The following table sets forth the computation of basic and diluted earnings per share:
| Three months ended |  | Nine months ended
| March, |  | March,
| 2015 | 2014 |  | 2015 | 2014
(dollars in thousands except per share data) |  |  |  |  |
Net income | $3,366 | $2,243 |  | $10,103 | $7,325
Dividend payable on preferred stock | 50 | 50 |  | 150 | 150
Net income available to common shareholders | $3,316 | $2,193 |  | $9,953 | $7,175
Average Common shares – outstanding basic | 7,413,257 | 6,623,480 |  | 7,310,494 | 6,591,848
Stock options under treasury stock method | 190,660 | 223,340 |  | 188,625 | 205,708
Average Common shares – outstanding diluted | 7,603,917 | 6,846,820 |  | 7,499,119 | 6,797,556
Basic earnings per common share | $0.45 | $0.33 |  | $1.36 | $1.09
Diluted earnings per common share | $0.44 | $0.32 |  | $1.33 | $1.06
At March 31, 2015 and 2014, no options outstanding had an exercise price exceeding the market price.

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