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EARNINGS PER COMMON SHARE ("EPS")
 6 Months Ended
Mar. 31, 2015
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 March 31, 2015 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 and six months ended March 31, 2015 and 2014 is presented below.

Three Months Ended March 31,
 
2015
  
2014
 
(Dollars in Thousands, Except Share and Per Share Data)
 
   
     
Earnings
    
Net Income
 
$
5,181
  
$
4,144
 
         
Basic EPS
        
Weighted average common shares outstanding
  
6,546,071
   
6,119,679
 
Less weighted average nonvested shares
  
(4,717
)
  
(4,967
)
Weighted average common shares outstanding
  
6,541,354
   
6,114,712
 
         
Earnings Per Common Share
        
Basic
 
$
0.79
  
$
0.68
 
         
Diluted EPS
        
Weighted average common shares outstanding for basic earnings per common share
  
6,541,354
   
6,114,712
 
Add dilutive effect of assumed exercises of stock options, net of tax benefits
  
60,060
   
100,282
 
Weighted average common and dilutive potential common shares outstanding
  
6,601,414
   
6,214,994
 
         
Earnings Per Common Share
        
Diluted
 
$
0.78
  
$
0.67
 

 
Six Months Ended March 31,
 
2015
  
2014
 
(Dollars in Thousands, Except Share and Per Share Data)
 
   
     
Earnings
    
Net Income
 
$
8,776
  
$
8,146
 
         
Basic EPS
        
Weighted average common shares outstanding
  
6,362,921
   
6,098,892
 
Less weighted average unallocated ESOP and nonvested shares
  
(4,327
)
  
(4,601
)
Weighted average common shares outstanding
  
6,358,594
   
6,094,291
 
         
Earnings Per Common Share
        
Basic
 
$
1.38
  
$
1.34
 
         
Diluted EPS
        
Weighted average common shares outstanding for basic earnings per common share
  
6,358,594
   
6,094,291
 
Add dilutive effect of assumed exercises of stock options, net of tax benefits
  
60,617
   
97,282
 
Weighted average common and dilutive potential common shares outstanding
  
6,419,211
   
6,191,573
 
         
Earnings Per Common Share
        
Diluted
 
$
1.37
  
$
1.32
 

Stock options totaling 29,199 were not considered in computing diluted EPS for the three and six months ended March 31, 2015, because they were not dilutive.  All stock options were considered in computing diluted EPS for the three months ended March 31, 2014.  Stock options totaling 29,199 were not considered in computing diluted EPS for the six months ended March 31, 2014, because they were not dilutive.