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Net Income Per Common Share (Tables) | 9 Months Ended
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Jun. 30, 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 nine months ended June 30, 2024 and 2023 is as follows (dollars in thousands, except per share amounts):
| Three Months Ended June 30, |  | Nine Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Basic net income per common share computation |  |  |  |  |  |  |
Numerator – net income | $ | 5,924 |  |  | $ | 6,306 |  |  | $ | 17,928 |  |  | $ | 20,476 |
Denominator – weighted average common shares outstanding | 8,004,552 |  |  | 8,156,831 |  |  | 8,067,068 |  |  | 8,203,255 |
Basic net income per common share | $ | 0.74 |  |  | $ | 0.77 |  |  | $ | 2.22 |  |  | $ | 2.50 |
Diluted net income per common share computation |  |  |  |  |  |  |
Numerator – net income | $ | 5,924 |  |  | $ | 6,306 |  |  | $ | 17,928 |  |  | $ | 20,476 |
Denominator – weighted average common shares outstanding | 8,004,552 |  |  | 8,156,831 |  |  | 8,067,068 |  |  | 8,203,255 |
Effect of dilutive stock options (1) | 34,793 |  |  | 57,144 |  |  | 41,975 |  |  | 75,824 |
Weighted average common shares outstanding - assuming dilution | 8,039,345 |  |  | 8,213,975 |  |  | 8,109,043 |  |  | 8,279,079 |
Diluted net income per common share | $ | 0.74 |  |  | $ | 0.77 |  |  | $ | 2.21 |  |  | $ | 2.47 |
____________________________________________ (1) For the three and nine months ended June 30, 2024, average options to purchase 240,820 and 233,081 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 nine months ended June 30, 2023, average options to purchase 256,503 and 203,823 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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