Note 8: Earnings Per Share

3 Months Ended

Sep. 30, 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:

	September 30,
	2019	2018
(dollars in thousands except per share data)
Net income available to common shareholders	$                        7,828	$                        6,800
Average Common shares – outstanding basic	9,232,257	8,996,321
Stock options under treasury stock method	11,891	10,194
Average Common shares – outstanding diluted	9,244,148	9,006,515
Basic earnings per common share	$                          0.85	$                          0.76
Diluted earnings per common share	$                          0.85	$                          0.76

At September 30, 2019, 15,500 options outstanding had an exercise price in excess of the market price.  At September 30, 2018, no options outstanding had an exercise price in excess of the market price.