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EARNINGS PER SHARE (Tables)
6 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
Schedule of earnings per share

Basic and diluted earnings per share for the three and six months ended March 31, 2020 and 2019 were calculated by dividing net income by the weighted-average number of shares outstanding for the period considering the effect of dilutive equity options and stock awards for the diluted earnings per share calculations.

 

   Three Months   Six Months 
   Ended March 31,   Ended March 31, 
   2020   2019   2020   2019 
   (In thousands except for per share data) 
                 
Income applicable to common shares  $305   $767   $858   $1,452 
Weighted average number of common shares                    
outstanding - basic   5,820    5,821    5,821    5,821 
Stock options and restricted stock                
Weighted average number of common shares                    
and common share equivalents - diluted   5,820    5,821    5,821    5,821 
                     
Basic earnings per share  $0.05   $0.13   $0.15   $0.25 
                     
Diluted earnings per share  $0.05   $0.13   $0.15   $0.25