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EARNINGS PER SHARE | 6 Months Ended
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Mar. 31, 2022
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | NOTE D - EARNINGS PER SHARE The following table presents a calculation of basic and diluted earnings per share for the three and six months ended March 31, 2022 and 2021. 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 March 31, 2021 were adjusted to reflect the 1.2213 exchange ratio for comparative purposes. 7 Table of Contents
|  | Three Months Ended March 31,
|  |  |  |  | 2022 |  |  |  |  |  |  |  |  | 2021 |  |  |  |
|  |  |  |  | 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 |  | $ | 1,679 |  |  |  | 6,796,566 |  |  | $ | 0.25 |  |  | $ | 1,506 |  |  |  | 7,096,664 |  |  | $ | 0.21 |
|  | Six Months Ended March 31,
|  |  |  |  | 2022 |  |  |  |  |  |  |  |  | 2021 |  |  |  |
|  |  |  |  | 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 |  | $ | 3,372 |  |  |  | 6,796,598 |  |  | $ | 0.50 |  |  | $ | 2,843 |  |  |  | 7,096,664 |  |  | $ | 0.40 |
There were no outstanding stock awards or options to purchase common stock at March 31, 2022 and 2021.

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