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Net Income Per Common Share (Tables)
3 Months Ended
Dec. 31, 2023
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, 2023 and 2022 is as follows (dollars in thousands, except per share amounts):
 Three Months Ended December 31,
20232022
Basic net income per common share computation
Numerator – net income $6,296 $7,507 
Denominator – weighted average common shares outstanding8,114,209 8,232,273 
Basic net income per common share$0.78 $0.91 
Diluted net income per common share computation
Numerator – net income$6,296 $7,507 
Denominator – weighted average common shares outstanding8,114,209 8,232,273 
Effect of dilutive stock options (1)51,839 86,460 
Weighted average common shares outstanding - assuming dilution8,166,048 8,318,733 
Diluted net income per common share$0.77 $0.90 
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(1) For the three months ended December 31, 2023 and 2022, average options to purchase 214,595 and 182,000 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.