Earnings Per Share

12 Months Ended

Jun. 30, 2012

Earnings Per Share:

Earnings Per Share

13.   Earnings Per Share:

Basic EPS excludes dilution and is computed by dividing income available to common stockholders by the weighted average number of shares outstanding for the fiscal year.  Diluted EPS reflects the potential dilution that could occur if securities, restricted stock or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that would then share in the earnings of the Corporation.  There were 1.2 million stock options, 1.2 million stock options and 905,200 stock options outstanding as of June 30, 2012, 2011 and 2010, respectively.  As of June 30, 2012, 2011 and 2010, there were 594,000 stock options, 656,700 stock options and 905,200 stock options, respectively, excluded from the diluted EPS computation as their effect was anti-dilutive with the strike price exceeding the market price.  As of June 30, 2012, 2011 and 2010, there was restricted stock of 800 shares, 12,800 shares and 124,300 shares, respectively, also excluded from the diluted EPS computation as their effect was anti-dilutive.

(Dollars in Thousands, Except Share Amount)		For the Year Ended June 30, 2012
		Income (Numerator)	Shares (Denominator)		Per-Share Amount
Basic EPS		$  10,810		11,222,797		$  0.96
Effect of dilutive shares:
	Stock options			23,941
	Restricted stock			40,467
Diluted EPS		$  10,810		11,287,205		$  0.96

(Dollars in Thousands, Except Share Amount)		For the Year Ended June 30, 2011
		Income (Numerator)	Shares (Denominator)		Per-Share Amount
Basic EPS		$  13,220		11,389,106		$  1.16
Effect of dilutive shares:
	Stock options			554
	Restricted stock			25,881
Diluted EPS		$  13,220		11,415,541		$  1.16

(Dollars in Thousands, Except Share Amount)		For the Year Ended June 30, 2010
		Income (Numerator)	Shares (Denominator)		Per-Share Amount
Basic EPS		$  1,115		8,920,775		$  0.13
Effect of dilutive shares:
	Stock options			-
	Restricted stock			-
Diluted EPS		$  1,115		8,920,775		$  0.13