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Earnings Per Share | 6 Months Ended
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Dec. 31, 2022
Earnings Per Share [Abstract] |
Earnings Per Share | (7) Earnings Per Share Basic earnings per share is computed by dividing net income by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed in a manner similar to that of basic earnings per share except that the weighted-average number of common shares outstanding is increased to include the number of incremental common shares that would have been outstanding under the treasury stock method if all potentially dilutive common shares (such as stock options) issued became vested during the period. There were no dilutive or anti-dilutive securities or contracts outstanding during the three and six months ended December 31, 2022 and 2021.
|  | For the three months ended December 31, |  |  | For the six months ended December 31, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Net Income |  | $ | 7,198,000 |  |  | $ | 6,877,000 |  |  | $ | 16,234,000 |  |  | $ | 13,991,000 |
Weighted Average Shares – Basic |  |  | 8,513,414 |  |  |  | 8,513,414 |  |  |  | 8,513,414 |  |  |  | 8,513,414 |
Weighted Average Shares - Diluted |  |  | 8,513,414 |  |  |  | 8,513,414 |  |  |  | 8,513,414 |  |  |  | 8,513,414 |
Earnings per share - Basic |  | $ | 0.85 |  |  | $ | 0.81 |  |  | $ | 1.91 |  |  | $ | 1.64 |
Earnings per share - Diluted |  | $ | 0.85 |  |  | $ | 0.81 |  |  | $ | 1.91 |  |  | $ | 1.64 |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI https://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI https://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
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