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Note 7: Earnings Per Share | 9 Months Ended
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Mar. 31, 2016
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 31, |  | March 31,
| 2016 | 2015 |  | 2016 | 2015
(dollars in thousands except per share data) |  |  |  |  |
Net income | $3,322 | $3,366 |  | $11,166 | $10,103
Dividend on preferred stock | - | 50 |  | 85 | 150
Net income available to common shareholders | $3,322 | $3,316 |  | $11,081 | $9,953
Average Common shares – outstanding basic | 7,435,358 | 7,413,257 |  | 7,427,688 | 7,310,494
Stock options under treasury stock method | 28,221 | 190,660 |  | 26,631 | 188,625
Average Common shares – outstanding diluted | 7,463,579 | 7,603,917 |  | 7,454,319 | 7,499,119
Basic earnings per common share | $0.45 | $0.45 |  | $1.49 | $1.36
Diluted earnings per common share | $0.45 | $0.44 |  | $1.49 | $1.33
At March 31, 2016 and 2015, no options outstanding had an exercise price exceeding the market price.

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