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Net Income Per Common Share (Tables)
 3 Months Ended
Dec. 31, 2018
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, 2018 and 2017 is as follows (dollars in thousands, except per share amounts):
 
Three Months Ended   December 31,
 
2018

 
2017

Basic net income per common share computation
 
 
 
Numerator – net income
$
5,615

 
$
3,614

 
 
 
 
Denominator – weighted average common shares outstanding
8,293,212

 
7,312,531

 
 
 
 
Basic net income per common share
$
0.68

 
$
0.49

 
 
 
 
Diluted net income per common share computation
 
 
 
Numerator – net income
$
5,615

 
$
3,614

 
 
 
 
Denominator – weighted average common shares outstanding
8,293,212

 
7,312,531

Effect of dilutive stock options (1)
164,491

 
195,638

Weighted average common shares outstanding - assuming dilution
8,457,703

 
7,508,169

 
 
 
 
Diluted net income per common share
$
0.66

 
$
0.48

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(1) For the three months ended December 31, 2018, average options to purchase 102,850 shares of common were outstanding but not included in the computation of diluted net income per share because their effect would have been anti-dilutive. For the three months ended December 31, 2017, average options to purchase 14,651 shares of common stock were outstanding but not included in the computation of diluted net income per share because their effect would have been anti-dilutive.