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