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Net Income Per Common Share | 9 Months Ended
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Jun. 30, 2014
Earnings Per Share [Abstract] |
Net Income Per Common Share | NET INCOME PER COMMON SHARE Basic net income per common share is computed by dividing net income to common shareholders by the weighted average number of common shares outstanding during the period, without considering any dilutive items. Diluted net income per common share is computed by dividing net income to common shareholders by the weighted average number of common shares and common stock equivalents for items that are dilutive, net of shares assumed to be repurchased using the treasury stock method at the average share price for the Company’s common stock during the period. The dividend and related accretion for the amount of the Company's Series A Preferred Stock outstanding for the respective period was deducted from net income and the discount on the redemption of Series A Preferred Stock was added to net income in computing net income to common shareholders. Common stock equivalents arise from the assumed conversion of outstanding stock options and the outstanding warrant to purchase common stock. Shares owned by the Bank’s ESOP that have not been allocated are not considered to be outstanding for the purpose of computing basic and diluted net income per common share. At June 30, 2014 and 2013, there were 187,807 and 225,070 shares, respectively, that had not been allocated under the Bank’s ESOP. Information regarding the calculation of basic and diluted net income per common share for the three and nine months ended June 30, 2014 and 2013 is as follows (dollars in thousands, except per share amounts):
| Three Months Ended June 30, |  | Nine Months Ended June 30,
| 2014 |  |  | 2013 |  |  | 2014 |  |  | 2013 |
| (In thousands, except for per share data)
Basic net income per common share computation |  |  |  |  |  |  |
Numerator – net income | $ | 1,434 |  |  | $ | 876 |  |  | $ | 4,204 |  |  | $ | 3,863 |
Preferred stock dividends | — |  |  | (151 | ) |  | (136 | ) |  | (559 | )
Preferred stock discount accretion | — |  |  | (47 | ) |  | (70 | ) |  | (236 | )
Discount on redemption of preferred stock | — |  |  | — |  |  | — |  |  | 255 |
Net income to common shareholders | $ | 1,434 |  |  | $ | 678 |  |  | $ | 3,998 |  |  | $ | 3,323 |
Denominator – weighted average common shares outstanding | 6,857,149 |  |  | 6,818,752 |  |  | 6,855,811 |  |  | 6,816,772 |
Basic net income per common share | $ | 0.21 |  |  | $ | 0.10 |  |  | $ | 0.58 |  |  | $ | 0.49 |
Diluted net income per common share computation |  |  |  |  |  |  |  |  |
Numerator – net income | $ | 1,434 |  |  | $ | 876 |  |  | $ | 4,204 |  |  | $ | 3,863 |
Preferred stock dividends | — |  |  | (151 | ) |  | (136 | ) |  | (559 | )
Preferred stock discount accretion | — |  |  | (47 | ) |  | (70 | ) |  | (236 | )
Discount on redemption of preferred stock | — |  |  | — |  |  | — |  |  | 255 |
Net income to common shareholders | $ | 1,434 |  |  | $ | 678 |  |  | $ | 3,998 |  |  | $ | 3,323 |
Denominator – weighted average common shares outstanding | 6,857,149 |  |  | 6,818,752 |  |  | 6,855,811 |  |  | 6,816,772 |
Effect of dilutive stock options (1) | 38,582 |  |  | 18,458 |  |  | 36,070 |  |  | 13,035 |
Effect of dilutive stock warrant | 137,982 |  |  | 65,287 |  |  | 123,274 |  |  | 40,944 |
Weighted average common shares and common stock equivalents | 7,033,713 |  |  | 6,902,497 |  |  | 7,015,155 |  |  | 6,870,751 |
Diluted net income per common share | $ | 0.20 |  |  | $ | 0.10 |  |  | $ | 0.57 |  |  | $ | 0.48 |
____________________________________________ (1) For the three and nine months ended June 30, 2014, average options to purchase 126,000 and 131,489 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 three and nine months ended June 30, 2013, options to purchase 56,546 and 131,152 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.

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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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