NOTE 4: EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2019

Notes

NOTE 4: EARNINGS PER SHARE

NOTE 4: EARNINGS PER SHARE

	Three Months Ended March 31,
	2019	2018
	(In Thousands, Except Per Share Data)
Basic:
Average common shares outstanding	14,159	14,101
Net income and net income available to common stockholders	$           17,612	$           13,466
Per common share amount	$               1.24	$            0.95
Diluted:
Average common shares outstanding	14,159	14,101
Net effect of dilutive stock options – based on the treasury
stock method using average market price	108	131
Diluted common shares	14,267	14,232
Net income and net income available to common stockholders	$           17,612	$           13,466
Per common share amount	$               1.23	$               0.95

Options outstanding at March 31, 2019 and 2018, to purchase 413,719 and 252,911 shares of common stock, respectively, were not included in the computation of diluted earnings per common share for each of the three month periods because the exercise prices of such options were greater than the average market prices of the common stock for the three months ended March 31, 2019 and 2018, respectively.