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EARNINGS PER COMMON SHARE | 12 Months Ended
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Sep. 30, 2016
Earnings Per Share [Abstract] |
EARNINGS PER COMMON SHARE | EARNINGS PER COMMON SHARE 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 September 30, 2016, and September 30, 2015. Diluted EPS shows the dilutive effect of additional common shares issuable pursuant to stock option agreements. A reconciliation of the net income and common stock share amounts used in the computation of basic and diluted EPS for the fiscal years ended September 30, 2016, 2015 and 2014 is presented below.
| 2016 |  |  | 2015 |  |  | 2014 |
| (Dollars in Thousands, Except Share and Per Share Data)
Earnings |  |  |  |  |
Net income | $ | 33,220 |  |  | $ | 18,055 |  |  | $ | 15,713 |
Basic EPS |  |  |  |  |  |  |  |
Weighted average common shares outstanding | 8,443,956 |  |  | 6,730,086 |  |  | 6,117,577 |
Less weighted average nonvested shares | (29,125 | ) |  | (4,237 | ) |  | (4,301 | )
Weighted average common shares outstanding | 8,414,831 |  |  | 6,725,849 |  |  | 6,113,276 |
Earnings Per Common Share |  |  |  |  |  |  |  |
Basic | $ | 3.95 |  |  | $ | 2.68 |  |  | $ | 2.57 |
Diluted EPS |  |  |  |  |  |  |  |
Weighted average common shares outstanding for basic earnings per common share | 8,414,831 |  |  | 6,725,849 |  |  | 6,113,276 |
Add dilutive effect of assumed exercises of stock options, net of tax benefits | 66,590 |  |  | 68,951 |  |  | 85,133 |
Weighted average common and dilutive potential common shares outstanding | 8,481,421 |  |  | 6,794,800 |  |  | 6,198,409 |
Earnings Per Common Share |  |  |  |  |  |  |  |
Diluted | $ | 3.92 |  |  | $ | 2.66 |  |  | $ | 2.53 |
All stock options were considered in computing diluted EPS for the year ended September 30, 2016. Stock options totaling 28,891 and 29,984 were not considered in computing diluted earnings per common share for the years ended September 30, 2015 and 2014, respectively, because they were anti-dilutive.

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