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Note 8: Earnings Per Share | 6 Months Ended
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Dec. 31, 2019
Notes |
Note 8: Earnings Per Share | Note 8: 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,
|  | 2019 |  |  | 2018 |  |  |  | 2019 |  |  | 2018
(dollars in thousands except per share data) |  |  |  |  |  |  |  |  |  |  |  |
Net income | $ | 7,717 |  | $ | 7,454 |  |  | $ | 15,545 |  | $ | 14,254
Average Common shares – outstanding basic |  | 9,202,052 |  |  | 9,136,873 |  |  |  | 9,217,155 |  |  | 9,066,597
Stock options under treasury stock method |  | 10,847 |  |  | 11,860 |  |  |  | 9,675 |  |  | 12,342
Average Common shares – outstanding diluted |  | 9,212,899 |  |  | 9,148,733 |  |  |  | 9,226,830 |  |  | 9,078,939
Basic earnings per common share | $ | 0.84 |  | $ | 0.82 |  |  | $ | 1.69 |  | $ | 1.57
Diluted earnings per common share | $ | 0.84 |  | $ | 0.81 |  |  | $ | 1.68 |  | $ | 1.57
At December 31, 2019, no options outstanding had an exercise price in excess of the market price. At December 31, 2018, 13,500 options outstanding had an exercise price in excess of the market price.

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