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EARNINGS PER COMMON SHARE ("EPS") (Tables)
3 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
Reconciliation of Net Income and Common Stock Share Amounts Used in Computation of Basic and Diluted EPS
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, 2016 and 2015 is presented below.

Three Months Ended December 31,
2016
 
2015
(Dollars in Thousands, Except Share and Per Share Data)
 
 
 
Earnings
 
 
 
Net Income
$
1,244

 
$
4,058

 
 
 
 
Basic EPS
 

 
 

Weighted average common shares outstanding
8,938,339

 
8,245,368

LESS: weighted average nonvested shares
151,312

 
27,311

Weighted average common shares outstanding
8,787,027

 
8,218,057

 
 
 
 
Earnings Per Common Share
 

 
 

Basic
$
0.14

 
$
0.49

 
 
 
 
Diluted EPS
 

 
 

Weighted average common shares outstanding for basic earnings per common share
8,787,027

 
8,218,057

Dilutive effect of assumed exercises of stock options, net of tax benefits
82,050

 
66,198

Weighted average common and dilutive potential common shares outstanding
8,869,077

 
8,284,255

 
 
 
 
Earnings Per Common Share
 

 
 

Diluted
$
0.14

 
$
0.49