XML 25 R15.htm IDEA: XBRL DOCUMENT
v3.25.1

Net Income Per Common Share | 6 Months Ended
--- | ---
Mar. 31, 2025
Earnings Per Share [Abstract] |
Net Income Per Common Share | NET INCOME PER COMMON SHARE Basic net income per common share is computed by dividing net income to common shareholders by the weighted average number of common shares outstanding during the period, without considering any dilutive items. Nonvested shares of restricted stock are included in the computation of basic earnings per share because the holder has voting rights and shares in non-forfeitable dividends during the vesting period. Diluted net income per common share is computed by dividing net income to common shareholders by the weighted average number of common shares and common stock equivalents for items that are dilutive, net of shares assumed to be repurchased using the treasury stock method at the average share price for the Company’s common stock during the period. Common stock equivalents arise from the assumed conversion of outstanding stock options. Information regarding the calculation of basic and diluted net income per common share for the three and six months ended March 31, 2025 and 2024 is as follows (dollars in thousands, except per share amounts):
| Three Months Ended March 31, |  | Six Months Ended March 31,
| 2025 |  | 2024 |  | 2025 |  | 2024
Basic net income per common share computation |  |  |  |  |  |  |
Numerator – net income | $ | 6,755 |  |  | $ | 5,708 |  |  | $ | 13,615 |  |  | $ | 12,004 |
Denominator – weighted average common shares outstanding | 7,937,063 |  |  | 8,081,924 |  |  | 7,947,786 |  |  | 8,098,155 |
Basic net income per common share | $ | 0.85 |  |  | $ | 0.71 |  |  | $ | 1.71 |  |  | $ | 1.48 |
Diluted net income per common share computation |  |  |  |  |  |  |
Numerator – net income | $ | 6,755 |  |  | $ | 5,708 |  |  | $ | 13,615 |  |  | $ | 12,004 |
Denominator – weighted average common shares outstanding | 7,937,063 |  |  | 8,081,924 |  |  | 7,947,786 |  |  | 8,098,155 |
Effect of dilutive stock options (1) | 31,569 |  |  | 39,185 |  |  | 36,452 |  |  | 45,546 |
Weighted average common shares outstanding - assuming dilution | 7,968,632 |  |  | 8,121,109 |  |  | 7,984,238 |  |  | 8,143,701 |
Diluted net income per common share | $ | 0.85 |  |  | $ | 0.70 |  |  | $ | 1.71 |  |  | $ | 1.47 |
____________________________________________ (1) For the three and six months ended March 31, 2025, average options to purchase 126,540 and 111,213 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, 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.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration