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Earnings per Share Data
 6 Months Ended
Mar. 31, 2013
Earnings per Share Data [Abstract]  
Earnings per Share Data

Note 5 – Earnings per Share Data

The following table sets forth the computation of basic and diluted earnings per share for the quarters and six months ended March 31, 2013 and 2012:

 

                                 
    Quarter Ended March 31,     Six Months Ended March 31,  
    2013     2012     2013     2012  
         

Net Income

   $ 2,977,000     $ 2,766,000     $ 2,001,000     $ 3,641,000  
   

 

 

    

 

 

    

 

 

    

 

 

  
         

Common Shares:

                                

Weighted average common shares outstanding

     9,518,000       9,518,000       9,518,000       9,518,000  

Effect of dilutive stock options

     —         —          —         —     
   

 

 

    

 

 

    

 

 

    

 

 

  

Diluted shares outstanding

     9,518,000       9,518,000       9,518,000       9,518,000  
   

 

 

    

 

 

    

 

 

    

 

 

  
         

Basic:

                                

Net earnings per share

   $ 0.31     $ 0.29     $ 0.21     $ 0.38  
   

 

 

    

 

 

    

 

 

    

 

 

  

Diluted:

                                

Net earnings per share

   $ 0.31     $ 0.29     $ 0.21     $ 0.38  
   

 

 

    

 

 

    

 

 

    

 

 

  

The number of potentially anti-dilutive common stock equivalents (stock options) excluded from the fully diluted calculation above was 325,500 for the three and six month periods ended March 31, 2013 and March 31, 2012.