Earnings Per Share

3 Months Ended

Sep. 30, 2024

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 months ended
	September 30,
(dollars in thousands except per share data)	2024		2023
Net income	$	12,458	$	13,151
Less: distributed earnings allocated to participating securities		(13)		(10)
Less: undistributed earnings allocated to participating securities		(49)		(47)
Net income available to common shareholders	$	12,396	$	13,094
Denominator for basic earnings per share -
Weighted-average shares outstanding		11,220,766		11,286,012
Effect of dilutive securities stock options or awards		19,241		11,803
Denominator for diluted earnings per share		11,240,007		11,297,815
Basic earnings per share available to common stockholders	$	1.10	$	1.16
Diluted earnings per share available to common stockholders	$	1.10	$	1.16

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 75,000 and 63,706 were excluded from the computation of diluted earnings per share for the three-month periods ended September 30, 2024 and 2023, respectively.