XML 23 R12.htm IDEA: XBRL DOCUMENT v3.26.1
EARNINGS PER SHARE
 6 Months Ended
Mar. 31, 2026
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, 2026 and 2025. Basic and diluted earnings per share were calculated by dividing net income by the weighted average number of shares outstanding for the periods.

 

    Three Months     Six Months  
    Ended March 31,     Ended March 31,  
    2026     2025     2026     2025  
    (Dollars in thousands, except share and per share data)  
                         
Income applicable to common shares   $ 3,030     $ 2,681     $ 6,166     $ 4,765  
Weighted average shares outstanding - basic     6,221,123       6,222,951       6,217,655       6,227,560  
Weighted average shares outstanding - diluted     6,293,873       6,225,134       6,285,668       6,234,328  
Earnings per share - basic   $ 0.49     $ 0.43     $ 0.99     $ 0.77  
Earnings per share - diluted   $ 0.48     $ 0.43     $ 0.98     $ 0.76  

 

Options to purchase 285,200 shares of common stock at a weighted average strike price of $12.58 and 58,160 shares of restricted shares at a weighted average price of $12.62 were outstanding at March 31, 2026 and included in the calculation of diluted earnings per share. Options to purchase 285,200 shares of common stock at a weighted average strike price of $12.58 and 87,240 shares of restricted shares at a weighted average price of $12.62 were outstanding at March 31, 2025 and included in the calculation of diluted earnings per share.

 

All options and restricted shares were not anti-dilutive at March 31, 2026 and 2025.