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Note 7: Earnings Per Share | 3 Months Ended
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Sep. 30, 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
| September 30,
| 2016 | 2015
(dollars in thousands except per share data) |  |
Net income | $3,709 | $3,635
Dividend on preferred stock | - | 50
Net income available to common shareholders | $3,709 | $3,585
Average Common shares – outstanding basic | 7,436,914 | 7,422,354
Stock options under treasury stock method | 30,556 | 31,503
Average Common shares – outstanding diluted | 7,467,470 | 7,453,857
Basic earnings per common share | $0.50 | $0.48
Diluted earnings per common share | $0.50 | $0.48
At September 30, 2016 and 2015, no options outstanding had an exercise price exceeding the market price.

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