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Stock Compensation Plans (Tables)

6 Months Ended

Mar. 31, 2024

Share-Based Payment Arrangement, Noncash Expense [Abstract]

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award

Stock option activity for the six months ended March 31, 2024 and 2023 is summarized as follows:

			Six Months Ended March 31, 2024												Six Months Ended March 31, 2023
			Number of Shares						Weighted Average Exercise Price						Number of Shares						Weighted Average Exercise Price
Options outstanding, beginning of period			369,150						$	24.00					421,925						$	23.30
Exercised			(29,900)						13.03						(26,055)						19.88
Granted			—						—						1,000						33.40
Forfeited			(10,140)						25.71						(4,600)						27.38
Options outstanding, end of period			329,110						$	24.95					392,270						$	23.50

						Time Based
						Number of Unvested Shares						Weighted Average Grant Date Fair Value
Outstanding, September 30, 2023						26,150						$	27.37
Granted						—						—
Forfeited						—						—
Vested						—						—
Outstanding, March 31, 2024						26,150						$	27.37

Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value

The weighted average assumptions for options granted during the six months ended March 31, 2023 were as follows:

Expected volatility						33		%
Expected life (in years)						5
Expected dividend yield						2.99		%
Risk free interest rate						3.58		%
Grant date fair value per share						$	8.65

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range

Additional information regarding options outstanding at March 31, 2024 is as follows:

												Options Outstanding																		Options Exercisable
Range of Exercise Prices ($)												Number						Weighted Average Exercise Price						Weighted Average Remaining Contractual Life (Years)						Number						Weighted Average Exercise Price						Weighted Average Remaining Contractual Life (Years)
10.26			-			10.71						26,250						$	10.62					1.3						26,250						$	10.62					1.3
15.67			-			19.13						60,800						16.56						5.4						39,140						16.37						4.8
26.50			-			27.40						101,140						27.31						7.5						41,380						27.23						6.5
28.23			-			29.69						106,600						28.79						6.0						67,000						29.12						5.1
31.80			-			33.40						34,320						31.85						4.6						33,520						31.61						4.5
												329,110						$	24.95					5.8						207,290						$	24.43					4.7

X

- Definition

Tabular disclosure of share-based payment arrangement.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 718
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

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- Definition

Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

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- Definition

Tabular disclosure of the weighted-average grant-date fair value of equity options or other equity instruments granted during the year.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (d)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480429/718-10-50-2

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