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Net Income Per Common Share | 12 Months Ended
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Sep. 30, 2014
Earnings Per Share [Abstract] |
Net Income Per Common Share | Net Income Per Common Share Information regarding the calculation of basic and diluted net income per common share for the years ended September 30, 2014, 2013 and 2012 is as follows (dollars in thousands, except per share amounts):
| 2014 |  |  | 2013 |  |  | 2012 |
Basic net income per common share computation |  |  |  |  |
Numerator - net income | $ | 5,850 |  |  | $ | 4,757 |  |  | $ | 4,590 |
Preferred stock dividends | (136 | ) |  | (710 | ) |  | (832 | )
Discount on redemption of preferred stock | — |  |  | 255 |  |  | — |
Preferred stock discount accretion | (70 | ) |  | (283 | ) |  | (240 | )
Net income to common stockholders | $ | 5,644 |  |  | $ | 4,019 |  |  | $ | 3,518 |
Denominator - weighted average common shares outstanding | 6,856,730 |  |  | 6,817,918 |  |  | 6,780,612 |
Basic net income per common share | $ | 0.82 |  |  | $ | 0.59 |  |  | $ | 0.52 |
Diluted net income per common share computation |  |  |  |  |  |  |  |
Numerator - net income | $ | 5,850 |  |  | $ | 4,757 |  |  | $ | 4,590 |
Preferred stock dividends | (136 | ) |  | (710 | ) |  | (832 | )
Discount on redemption of preferred stock | — |  |  | 255 |  |  | — |
Preferred stock discount accretion | (70 | ) |  | (283 | ) |  | (240 | )
Net income to common stockholders | $ | 5,644 |  |  | $ | 4,019 |  |  | $ | 3,518 |
Denominator - weighted average common shares outstanding | 6,856,730 |  |  | 6,817,918 |  |  | 6,780,612 |
Effect of dilutive stock options | 36,614 |  |  | 16,555 |  |  | — |
Effect of dilutive stock warrant | 126,332 |  |  | 52,522 |  |  | — |
Weighted average common shares outstanding- assuming dilution | 7,019,676 |  |  | 6,886,995 |  |  | 6,780,612 |
Diluted net income per common share | $ | 0.80 |  |  | $ | 0.58 |  |  | $ | 0.52 |
For the years ended September 30, 2014, 2013 and 2012, average options to purchase 131,489, 109,953 and 162,517 shares of common stock, respectively, were outstanding but not included in the computation of diluted net income per common share because their effect would have been anti-dilutive. For the year ended September 30, 2012 a warrant to purchase a weighted average of 370,899 shares was outstanding but not included in the computation of diluted net income per common share because the warrant’s exercise price was greater than the average market price of the common shares and, therefore, its effect would have been anti-dilutive.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=32703322&loc=d3e4984-109258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
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