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Net Income Per Common Share (Tables) | 6 Months Ended
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Mar. 31, 2024
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 six months ended March 31, 2024 and 2023 is as follows (dollars in thousands, except per share amounts):
| Three Months Ended March 31, |  | Six Months Ended March 31,
| 2024 |  | 2023 |  | 2023 |  | 2023
Basic net income per common share computation |  |  |  |  |  |  |
Numerator – net income | $ | 5,708 |  |  | $ | 6,663 |  |  | $ | 12,004 |  |  | $ | 14,169 |
Denominator – weighted average common shares outstanding | 8,081,924 |  |  | 8,220,532 |  |  | 8,098,155 |  |  | 8,226,467 |
Basic net income per common share | $ | 0.71 |  |  | $ | 0.81 |  |  | $ | 1.48 |  |  | $ | 1.72 |
Diluted net income per common share computation |  |  |  |  |  |  |
Numerator – net income | $ | 5,708 |  |  | $ | 6,663 |  |  | $ | 12,004 |  |  | $ | 14,169 |
Denominator – weighted average common shares outstanding | 8,081,924 |  |  | 8,220,532 |  |  | 8,098,155 |  |  | 8,226,467 |
Effect of dilutive stock options (1) | 39,185 |  |  | 83,838 |  |  | 45,546 |  |  | 85,163 |
Weighted average common shares outstanding - assuming dilution | 8,121,109 |  |  | 8,304,370 |  |  | 8,143,701 |  |  | 8,311,630 |
Diluted net income per common share | $ | 0.70 |  |  | $ | 0.80 |  |  | $ | 1.47 |  |  | $ | 1.70 |
____________________________________________ (1) For the three and six months ended March 31, 2024, average options to purchase 244,030 and 229,232 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. For the three and six months ended March 31, 2023, average options to purchase 176,867 and 177,484 shares of common stock, respectively, were outstanding but not included in the computation of diluted net income per common share because their effect would be 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://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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