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EARNINGS PER COMMON SHARE ("EPS")
 6 Months Ended
Mar. 31, 2016
EARNINGS PER COMMON SHARE ("EPS") [Abstract]  
EARNINGS PER COMMON SHARE ("EPS")
NOTE 4.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, 2016 and September 30, 2015.  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, 2016 and 2015 is presented below.

Three Months Ended March 31,
 
2016
  
2015
 
(Dollars in Thousands, Except Share and Per Share Data)
      
       
Earnings
      
Net Income
 
$
14,283
  
$
5,181
 
         
Basic EPS
        
Weighted average common shares outstanding
  
8,496,357
   
6,546,071
 
Less weighted average nonvested shares
  
(29,533
)
  
(4,717
)
Weighted average common shares outstanding
  
8,466,825
   
6,541,354
 
         
Earnings Per Common Share
        
Basic
 
$
1.69
  
$
0.79
 
         
Diluted EPS
        
Weighted average common shares outstanding for basic earnings per common share
  
8,466,825
   
6,541,354
 
Add dilutive effect of assumed exercises of stock options, net of tax benefits
  
58,248
   
60,060
 
Weighted average common and dilutive potential common shares outstanding
  
8,525,072
   
6,601,414
 
         
Earnings Per Common Share
        
Diluted
 
$
1.68
  
$
0.78
 

Six Months Ended March 31,
 
2016
  
2015
 
(Dollars in Thousands, Except Share and Per Share Data)
      
       
Earnings
      
Net Income
 
$
18,341
  
$
8,776
 
         
Basic EPS
        
Weighted average common shares outstanding
  
8,369,523
   
6,362,921
 
Less weighted average nonvested shares
  
(28,410
)
  
(4,327
)
Weighted average common shares outstanding
  
8,341,112
   
6,358,594
 
         
Earnings Per Common Share
        
Basic
 
$
2.20
  
$
1.38
 
         
Diluted EPS
        
Weighted average common shares outstanding for basic earnings per common share
  
8,341,112
   
6,358,594
 
Add dilutive effect of assumed exercises of stock options, net of tax benefits
  
62,598
   
60,617
 
Weighted average common and dilutive potential common shares outstanding
  
8,403,711
   
6,419,211
 
         
Earnings Per Common Share
        
Diluted
 
$
2.18
  
$
1.37
 

All stock options were considered in computing diluted EPS for the three and six months ended March 31, 2016.  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.