Note 16: Earnings Per Share

12 Months Ended

Jun. 30, 2015

Notes

Note 16: Earnings Per Share

NOTE 16:  Earnings Per Share

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

	Year Ended June 30,
(dollars in thousands except per share data)	2015	2014	2013
Net income	$13,668	$10,081	$10,067
Less: Effective dividend on preferred shares	200	200	345
Net income available to common stockholders	$13,468	$9,881	$9,722
Denominator for basic earnings per share -
Weighted-average shares outstanding	7,337,437	6,616,360	6,582,880
Effect of dilutive securities stock options	169,795	184,054	168,226
Denominator for diluted earnings per share	7,507,232	6,800,414	6,751,106
Basic earnings per share available to common stockholders	$1.84	$1.49	$1.48
Diluted earnings per share available to common stockholders	$1.79	$1.45	$1.44