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Net Income Per Common Share (Tables) | 3 Months Ended
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Dec. 31, 2016
Earnings Per Share [Abstract] |
Schedule of Earnings per Share | Information regarding the calculation of basic and diluted net income per common share for the three months ended December 31, 2016 and 2015 is as follows (dollars in thousands, except per share amounts):
| Three Months Ended December 31,
| 2016 |  |  | 2015 |
Basic net income per common share computation |  |  |
Numerator – net income | $ | 3,147 |  |  | $ | 2,528 |
Denominator – weighted average common shares outstanding | 6,862,749 |  |  | 6,869,726 |
Basic net income per common share | $ | 0.46 |  |  | $ | 0.37 |
Diluted net income per common share computation |  |  |
Numerator – net income | $ | 3,147 |  |  | $ | 2,528 |
Denominator – weighted average common shares outstanding | 6,862,749 |  |  | 6,869,726 |
Effect of dilutive stock options (1) | 139,493 |  |  | 52,985 |
Effect of dilutive stock warrant (2) | 233,273 |  |  | 161,153 |
Weighted average common shares outstanding - assuming dilution | 7,235,515 |  |  | 7,083,864 |
Diluted net income per common share | $ | 0.43 |  |  | $ | 0.36 |
____________________________________________ (1) For the three months ended December 31, 2016 all outstanding options were included in the computation of diluted net income per share. For the three months ended December 31, 2015, average options to purchase 154,000 of common stock were outstanding but not included in the computation of diluted net income per common share because their effect would have been anti-dilutive. (2) Represents a warrant to purchase 370,899 shares of the Company's common stock at an exercise price of $6.73 per share (subject to anti-dilution adjustments) at any time through December 23, 2018 (the "Warrant"). The Warrant was granted on December 23, 2008 to the U.S. Treasury Department ("Treasury") as part of the Company's participation in the Treasury's Troubled Asset Relief Program ("TARP"). On June 12, 2013, the Treasury sold the Warrant to private investors. On January 31, 2017, the Warrant was exercised and 370,899 shares of the Company's common stock were issued in exchange for $2.50 million.

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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