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Selected Quarterly Financial Data (unaudited)
 12 Months Ended
Sep. 30, 2015
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Data (unaudited)
Selected Quarterly Financial Data (Unaudited)

The following selected financial data is presented for the quarters ended (dollars in thousands, except per share amounts):

 
September 30,
2015

 
June 30,
2015

 
March 31,
2015

 
December 31,
2014

Interest and dividend income
$
8,008

 
$
7,947

 
$
7,527

 
$
7,686

Interest expense
(984
)
 
(963
)
 
(960
)
 
(983
)
Net interest income
7,024

 
6,984

 
6,567

 
6,703

 
 
 
 
 
 
 
 
Recapture of loan losses (1)
(1,525
)
 
—

 
—

 
—

Non-interest income
2,662

 
2,523

 
2,214

 
2,123

Non-interest expense
(6,693
)
 
(6,220
)
 
(6,654
)
 
(6,274
)
 
 
 
 
 
 
 
 
Income before federal income taxes
4,518

 
3,287

 
2,127

 
2,552

 
 
 
 
 
 
 
 
Provision for federal income taxes
1,563

 
1,128

 
676

 
825

 
 
 
 
 
 
 
 
Net income
$
2,955

 
$
2,159

 
$
1,451

 
$
1,727

 
 
 
 
 
 
 
 
Net income per common share
 
 
 
 
 
 
 
Basic
$
0.43

 
$
0.31

 
$
0.21

 
$
0.25

Diluted (2)
$
0.42

 
$
0.31

 
$
0.21

 
$
0.24

__________________________________________
(1) During the quarter ended September 30, 2015, the Company recorded a $1,525 recapture of loan losses, primarily as a result of significant recoveries on loans which had previously been charged off in prior years and improvements in other credit quality metrics.
(2) The net income per common share amounts for the quarters does not add to the total for the fiscal year due to rounding.
 
September 30,
2014

 
June 30,
2014

 
March 31,
2014

 
December 31,
2013

Interest and dividend income
$
7,567

 
$
7,397

 
$
7,412

 
$
7,481

Interest expense
(978
)
 
(964
)
 
(975
)
 
(1,022
)
Net interest income
6,589

 
6,433

 
6,437

 
6,459

 
 
 
 
 
 
 
 
Non-interest income
2,206

 
2,116

 
2,013

 
2,195

Non-interest expense
(6,373
)
 
(6,430
)
 
(6,754
)
 
(6,241
)
 
 
 
 
 
 
 
 
Income before federal income taxes
2,422

 
2,119

 
1,696

 
2,413

 
 
 
 
 
 
 
 
Provision for federal income taxes
776

 
685

 
537

 
802

 
 
 
 
 
 
 
 
Net income
1,646

 
1,434

 
1,159

 
1,611

 
 
 
 
 
 
 
 
Preferred stock dividends
—

 
—

 
—

 
(136
)
Preferred stock discount accretion
—

 
—

 
—

 
(70
)
 
 
 
 
 
 
 
 
Net income to common shareholders
$
1,646

 
$
1,434

 
$
1,159

 
$
1,405

 
 
 
 
 
 
 
 
Net income per common share
 
 
 
 
 
 
 
Basic
$
0.24

 
$
0.21

 
$
0.17

 
$
0.20

Diluted (1)
$
0.23

 
$
0.20

 
$
0.16

 
$
0.20

__________________________________________
(1) The net income per common share amounts for the quarters does not add to the total for the fiscal year due to rounding.