v3.25.1
EARNINGS PER SHARE
 3 Months Ended
Mar. 31, 2025
EARNINGS PER SHARE  
EARNINGS PER SHARE

NOTE 4: EARNINGS PER SHARE

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Three Months Ended March 31, 

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2025

    

2024

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(In Thousands, Except Per Share Data)

Basic:

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Average common shares outstanding

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11,640

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11,767

Net income

 

$

17,160

 

$

13,407

Per common share amount

 

$

1.47

 

$

1.14

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Diluted:

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Average common shares outstanding

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11,640

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11,767

Net effect of dilutive stock options – based on the treasury stock method using average market price

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52

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55

Diluted common shares

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11,692

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11,822

Net income

 

$

17,160

 

$

13,407

Per common share amount

 

$

1.47

 

$

1.13

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Options outstanding at March 31, 2025 and 2024, to purchase 854,813 and 871,587 shares of common stock, respectively, were not included in the computation of diluted earnings per common share for each of the three month periods because the exercise prices of such options were greater than the average market price of the common stock for the three months ended March 31, 2025 and 2024, respectively.