Note 8: Earnings Per Share

6 Months Ended

Dec. 31, 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:

	Three months ended				Six months ended
	December 31,				December 31,
		2019		2018		2019		2018
(dollars in thousands except per share data)
Net income	$	7,717	$	7,454	$	15,545	$	14,254
Average Common shares – outstanding basic		9,202,052		9,136,873		9,217,155		9,066,597
Stock options under treasury stock method		10,847		11,860		9,675		12,342
Average Common shares – outstanding diluted		9,212,899		9,148,733		9,226,830		9,078,939
Basic earnings per common share	$	0.84	$	0.82	$	1.69	$	1.57
Diluted earnings per common share	$	0.84	$	0.81	$	1.68	$	1.57

At December 31, 2019, no options outstanding had an exercise price in excess of the market price.  At December 31, 2018, 13,500 options outstanding had an exercise price in excess of the market price.