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Net Income Per Common Share | 12 Months Ended
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Sep. 30, 2016
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, 2016, 2015 and 2014 is as follows (dollars in thousands, except per share amounts):
| 2016 |  |  | 2015 |  |  | 2014 |
Basic net income per common share computation |  |  |  |  |
Numerator - net income to common shareholders | $ | 10,154 |  |  | $ | 8,292 |  |  | $ | 5,644 |
Denominator - weighted average common shares outstanding | 6,842,614 |  |  | 6,897,270 |  |  | 6,856,730 |
Basic net income per common share | $ | 1.48 |  |  | $ | 1.20 |  |  | $ | 0.82 |
Diluted net income per common share computation |  |  |  |  |  |  |  |
Numerator - net income to common shareholders | $ | 10,154 |  |  | $ | 8,292 |  |  | $ | 5,644 |
Denominator - weighted average common shares outstanding | 6,842,614 |  |  | 6,897,270 |  |  | 6,856,730 |
Effect of dilutive stock options | 78,910 |  |  | 36,863 |  |  | 36,614 |
Effect of dilutive stock warrant | 183,825 |  |  | 134,955 |  |  | 126,332 |
Weighted average common shares outstanding-assuming dilution | 7,105,349 |  |  | 7,069,088 |  |  | 7,019,676 |
Diluted net income per common share | $ | 1.43 |  |  | $ | 1.17 |  |  | $ | 0.80 |
For the years ended September 30, 2016, 2015 and 2014, average options to purchase 42,801, 155,152 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.

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