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EARNINGS PER SHARE (Tables)
3 Months Ended
Dec. 31, 2021
Earnings Per Share [Abstract]  
Schedule of earnings per share

The following table presents a calculation of basic and diluted earnings per share for the three months ended December 31, 2021 and 2020. Basic and diluted earnings per share were calculated by dividing net income by the weighted-average number of shares outstanding for the periods. As a result of the second-step conversion completed on July 14, 2021, the previously reported number of shares for the year ended December 31, 2020 were adjusted to reflect the 1.2213 exchange ratio for comparative purposes.

For the Three Months Ended December 31,

2021

2020

Weighted

Per

Weighted

Per

average

share

average

share

Income

shares

Amount

Income

shares

Amount

(Dollars in thousands, except share and per share data)

Basic and diluted EPS

Net income available to weighted average common shareholders

$

1,693

6,792,477

$

0.25

$

1,337

7,096,664

$

0.19