Earnings Per Share

3 Months Ended

Jun. 30, 2012

Earnings Per Share:

Earnings Per Share

NOTE 5: EARNINGS PER SHARE

	Three Months Ended June 30,
	2012	2011
Basic:
Average shares outstanding	13,501	13,457
Net income available to common shareholders	$21,512	$5,108
Per share amount	$1.59	$0.38
Diluted:
Average shares outstanding	13,501	13,457
Net effect of dilutive stock options and warrants – based on the treasury
stock method using average market price	98	498
iod=duration|Label=Diluted shares|Unit=Shares|Precision=INF»Diluted shares	13,599	13,955
Net income available to common shareholders	$21,512	$5,108
Per share amount	$1.58	$0.37

	Six Months Ended June 30,
	2012	2011
Basic:
Average shares outstanding	13,501	13,457
Net income available to common shareholders	$28,863	$10,155
Per share amount	$2.14	$0.75
Diluted:
Average shares outstanding	13,501	13,457
Net effect of dilutive stock options and warrants – based on the treasury
stock method using average market price	98	531
iod=duration|Label=Diluted shares|Unit=Shares|Precision=INF»Diluted shares	13,599	13,988
Net income available to common shareholders	$28,863	$10,155
Per share amount	$2.12	$0.73

Options to purchase 289,922 and 529,160 shares of common stock were outstanding at June 30, 2012 and 2011, respectively, but were not included in the computation of diluted earnings per share for each period because the options’ exercise prices were greater than the average market prices of the common shares for the six months ended June 30, 2012 and 2011, respectively.