Earnings Per Share

3 Months Ended

Sep. 30, 2025

Earnings Per Share

Earnings Per Share

Note 8:  Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share:

	Three- month periods ended
	September 30,
(dollars in thousands except per share data)	2025		2024
Net income	$	15,650	$	12,458
Less: distributed earnings allocated to participating securities		(12)		(13)
Less: undistributed earnings allocated to participating securities		(55)		(49)
Net income available to common stockholders	$	15,583	$	12,396
Denominator for basic earnings per share
Weighted-average shares outstanding		11,246,743		11,220,766
Effect of dilutive securities stock options or awards		25,166		19,241
Denominator for diluted earnings per share		11,271,909		11,240,007
Basic earnings per share available to common stockholders	$	1.39	$	1.10
Diluted earnings per share available to common stockholders	$	1.38	$	1.10

Certain option and restricted stock awards were excluded from the computation of diluted earnings per share because they were anti-dilutive, based on the average market prices of the Company’s common stock for these periods. Outstanding options and shares of restricted stock totaling 38,500 and 75,000 were excluded from the computation of diluted earnings per share for the three-month periods ended September 30, 2025, and 2024, respectively.