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Earnings Per Share of Common Stock (Tables)
6 Months Ended
Mar. 31, 2024
Earnings Per Share of Common Stock  
Schedule of basic and diluted earnings per share computations

Basic and diluted earnings per share computations for the Company’s reported net income attributable to common stockholders are as follows:

Three months ended

Six Months Ended

March 31, 

March 31, 

March 31, 

March 31, 

    

2024

    

2023

    

2024

    

2023

(Amounts in thousands except per share data)

Net income

 

$

1,588

  

$

321

 

$

1,515

  

$

1,282

Less: net income attributable to nonvested common stock

 

(106)

  

(19)

 

(98)

  

(77)

Net income attributable to common shareholders

$

1,482

  

$

302

$

1,417

  

$

1,205

Weighted average total shares outstanding – basic(1)

 

9,719

  

 

9,376

9,586

9,241

Less: weighted average non–vested shares outstanding(1)

 

(649)

  

 

(594)

(619)

(558)

Weighted average number of common shares outstanding – basic(1)

 

9,070

  

 

8,782

8,967

  

8,683

Add: potential common shares from non–vested stock awards(1)

 

385

  

 

142

399

  

106

Weighted average common shares outstanding – diluted(1)

 

9,455

  

 

8,924

$

9,366

  

8,789

Net income per common share - basic(1)

$

0.16

$

0.03

$

0.16

$

0.14

Net income per common share - diluted(1)

$

0.16

$

0.03

$

0.15

$

0.14

(1) Retroactively adjusted for the effects of a stock split effected in the form of a 100% stock dividend (see Note 1)