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Note 7: Earnings Per Share | 3 Months Ended
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Dec. 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 |  | Six months ended
| December 31, |  | December 31,
| 2015 | 2014 |  | 2015 | 2014
(dollars in thousands except per share data) |  |  |  |  |
Net income | $4,209 | $3,437 |  | $7,844 | $6,733
Dividend on preferred stock | 35 | 50 |  | 85 | 100
Net income available to common shareholders | $4,174 | $3,387 |  | $7,759 | $6,633
Average Common shares – outstanding basic | 7,425,351 | 7,404,354 |  | 7,423,853 | 7,259,114
Stock options under treasury stock method | 34,833 | 188,568 |  | 32,804 | 186,542
Average Common shares – outstanding diluted | 7,460,184 | 7,592,922 |  | 7,456,657 | 7,445,656
Basic earnings per common share | $0.56 | $0.46 |  | $1.05 | $0.91
Diluted earnings per common share | $0.56 | $0.45 |  | $1.04 | $0.89
At December 31, 2015 and 2014, no options outstanding had an exercise price exceeding the market price.

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