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EARNINGS PER COMMON SHARE (Tables) | 6 Months Ended
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Mar. 31, 2022
EARNINGS PER COMMON SHARE |
Calculations of Basic and Diluted Earnings Per Share | The computation of earnings per common share for the three and six months ended March 31, 2022 and 2021 follows. There were no stock options that were antidilutive for the three and six months ended March 31, 2022 and 2021.
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended March 31, | ​ | Six Months Ended March 31,
(in thousands, except share and per share data) | ​ | 2022 |  | 2021 | ​ | 2022 |  | 2021
Basic earnings per common share | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income | ​ | $ | 5,860 | ​ | $ | 2,055 | ​ | $ | 12,397 | ​ | $ | 3,574
Weighted average common shares outstanding | ​ | ​ | 5,753,513 | ​ | ​ | 4,193,682 | ​ | ​ | 5,657,179 | ​ | ​ | 4,187,239
Basic earnings per common share | ​ | $ | 1.02 | ​ | $ | 0.49 | ​ | $ | 2.19 | ​ | $ | 0.85
Diluted earnings per common share | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income | ​ | $ | 5,860 | ​ | $ | 2,055 | ​ | $ | 12,397 | ​ | $ | 3,574
Weighted average common shares outstanding for basic earnings per common share | ​ |  | 5,753,513 | ​ |  | 4,193,682 | ​ |  | 5,657,179 | ​ |  | 4,187,239
Add: dilutive effects of assumed exercises of stock options | ​ |  | 96,329 | ​ |  | 65,339 | ​ |  | 96,108 | ​ |  | 65,039
Average shares and dilutive potential common shares | ​ |  | 5,849,842 | ​ |  | 4,259,021 | ​ |  | 5,753,287 | ​ |  | 4,252,278
Diluted earnings per common share | ​ | $ | 1.00 | ​ | $ | 0.48 | ​ | $ | 2.15 | ​ | $ | 0.84

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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 -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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