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EARNINGS PER COMMON SHARE ("EPS")
 3 Months Ended
Dec. 31, 2014
EARNINGS PER COMMON SHARE ("EPS") [Abstract]  
EARNINGS PER COMMON SHARE ("EPS")
NOTE 5.EARNINGS PER COMMON SHARE (“EPS”)
 
Basic EPS is based on the net income divided by the weighted average number of common shares outstanding during the period.  Allocated Employee Stock Ownership Plan (“ESOP”) shares are considered outstanding for EPS calculations, as they are committed to be released; unallocated ESOP shares are not considered outstanding.  All ESOP shares were allocated as of December 31, 2014 and September 30, 2014.  Diluted EPS shows the dilutive effect of additional common shares issuable pursuant to stock option agreements.
 
A reconciliation of net income and common stock share amounts used in the computation of basic and diluted EPS for the three months ended December 31, 2014 and 2013 is presented below.
 
Three Months Ended December 31,
 
2014
  
2013
 
(Dollars in Thousands, Except Share and Per Share Data)
 
   
     
Earnings
    
Net Income
 
$
3,595
  
$
4,002
 
         
Basic EPS
        
Weighted average common shares outstanding
  
6,182,080
   
6,078,457
 
Less weighted average nonvested shares
  
(4,000
)
  
(4,247
)
Weighted average common shares outstanding
  
6,178,080
   
6,074,210
 
         
Earnings Per Common Share
        
Basic
 
$
0.58
  
$
0.66
 
         
Diluted EPS
        
Weighted average common shares outstanding for basic earnings per common share
  
6,178,080
   
6,074,210
 
Add dilutive effect of assumed exercises of stock options, net of tax benefits
  
61,276
   
96,738
 
Weighted average common and dilutive potential common shares outstanding
  
6,239,356
   
6,170,948
 
         
Earnings Per Common Share
        
Diluted
 
$
0.58
  
$
0.65
 

Stock options totaling 29,199 and 30,899 were not considered in computing diluted EPS for the three months ended December 31, 2014 and 2013, respectively, because they were not dilutive.