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Note 7: Earnings Per Share | 3 Months Ended
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Sep. 30, 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
| September,
(dollars in thousands except per share data) | 2015 | 2014
Net income | $3,635 | $3,299
Charge for early redemption of preferred stock issued at discount | - | -
Dividend payable on preferred stock | 50 | 50
Net income available to common shareholders | $3,585 | $3,249
Average Common shares – outstanding basic | 7,422,354 | 7,113,872
Stock options under treasury stock method | 31,503 | 194,070
Average Common shares – outstanding diluted | 7,453,857 | 7,307,942
Basic earnings per common share | $0.48 | $0.46
Diluted earnings per common share | $0.48 | $0.44
At September 30, 2015 and 2014, no options outstanding had an exercise price exceeding the market price.

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