Note 7: Earnings Per Share

6 Months Ended

Dec. 31, 2017

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		Six months ended
	December 31,		December 31,
	2017	2016	2017	2016
(dollars in thousands except per share data)
Net income available to common shareholders	$5,170	$4,176	$10,033	$7,885
Average Common shares – outstanding basic	8,589,073	7,440,620	8,590,218	7,438,767
Stock options under treasury stock method	29,883	26,388	28,778	25,195
Average Common shares – outstanding diluted	8,618,956	7,467,008	8,618,996	7,463,962
Basic earnings per common share	$0.60	$0.56	$1.17	$1.06
Diluted earnings per common share	$0.60	$0.56	$1.16	$1.06

At December 31, 2017 and 2016, no options outstanding had an exercise price exceeding the market price.