| EARNINGS PER SHARE |
NOTE 4: EARNINGS PER SHARE | | | | | | | | | Three Months Ended June 30, | | | 2025 | | 2024 | | | | (In Thousands, Except Per Share Data) | Basic: | | | | | | | Average common shares outstanding | | | 11,464 | | | 11,642 | Net income | | $ | 19,786 | | $ | 16,988 | Per common share amount | | $ | 1.73 | | $ | 1.46 | | | | | | | | Diluted: | | | | | | | Average common shares outstanding | | | 11,464 | | | 11,642 | Net effect of dilutive stock options – based on the treasury stock method using average market price | | | 53 | | | 59 | Diluted common shares | | | 11,517 | | | 11,701 | Net income | | $ | 19,786 | | $ | 16,988 | Per common share amount | | $ | 1.72 | | $ | 1.45 |
| | | | | | | | | Six Months Ended June 30, | | | 2025 | | 2024 | | | | (In Thousands, Except Per Share Data) | Basic: | | | | | | | Average common shares outstanding | | | 11,551 | | | 11,704 | Net income | | $ | 36,946 | | $ | 30,395 | Per common share amount | | $ | 3.20 | | $ | 2.60 | | | | | | | | Diluted: | | | | | | | Average common shares outstanding | | | 11,551 | | | 11,704 | Net effect of dilutive stock options – based on the treasury stock method using average market price | | | 53 | | | 59 | Diluted common shares | | | 11,604 | | | 11,763 | Net income | | $ | 36,946 | | $ | 30,395 | Per common share amount | | $ | 3.18 | | $ | 2.58 |
Options outstanding at June 30, 2025 and 2024, to purchase 835,549 and 741,708 shares of common stock, respectively, were not included in the computation of diluted earnings per common share for each of the three- and six-month periods then ended because the exercise prices of such options were greater than the average market price of the common stock for the three- and six-months ended June 30, 2025 and 2024, respectively.
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