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Net Income Per Common Share (Tables) | 9 Months Ended
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Jun. 30, 2020
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 and nine months ended June 30, 2020 and 2019 is as follows (dollars in thousands, except per share amounts):
| Three Months Ended June 30, |  |  |  | Nine Months Ended June 30, |  |
| 2020 |  | 2019 |  | 2020 |  | 2019
Numerator – net income | $ | 6,211 |  |  | $ | 5,956 |  |  | $ | 17,912 |  |  | $ | 17,685 |
Denominator – weighted average common shares outstanding | 8,309,947 |  |  | 8,338,637 |  |  | 8,331,908 |  |  | 8,313,913 |
Basic net income per common share | $ | 0.75 |  |  | $ | 0.71 |  |  | $ | 2.15 |  |  | $ | 2.13 |
Diluted net income per common share computation |  |  |  |  |  |  |
Numerator – net income | $ | 6,211 |  |  | $ | 5,956 |  |  | $ | 17,912 |  |  | $ | 17,685 |
Denominator – weighted average common shares outstanding | 8,309,947 |  |  | 8,338,637 |  |  | 8,331,908 |  |  | 8,313,913 |
Effect of dilutive stock options (1) | 69,036 |  |  | 143,723 |  |  | 105,122 |  |  | 154,299 |
Weighted average common shares outstanding - assuming dilution | 8,378,983 |  |  | 8,482,360 |  |  | 8,437,030 |  |  | 8,468,212 |
Diluted net income per common share | $ | 0.74 |  |  | $ | 0.70 |  |  | $ | 2.12 |  |  | $ | 2.09 |
____________________________________________ (1) For the three and nine months ended June 30, 2020, average options to purchase 135,212 and 126,052 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. For the three and nine months ended June 30, 2019, average options to purchase 102,050 and 102,353 shares of common stock, respectively, were outstanding but not included in the computation of diluted net income per share because their effect would have been anti-dilutive.

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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://fasb.org/us-gaap/role/ref/legacyRef -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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