EARNINGS PER SHARE (Tables)

3 Months Ended

Dec. 31, 2013

Schedule of net earnings per share available to common shareholders

	For the three months ended December
	2013					2012
	Basic			Diluted		Basic			Diluted
Weighted average common shares outstanding	622,226			622,226		622,277			622,277
Weighted average of net additional shares outstanding assuming dilutive options exercised and proceeds used to purchase treasury stock and conversion of preferred stock (1)	—			122,342		—			145,680
Weighted average number of shares outstanding	622,226			744,568		622,277			767,957
Net income	$	1,287,996		$	1,287,996	$	1,462,752		$	1,462,752
Deduct: convertible preferred stock dividends (2)	(49,177		)	—		(59,291		)	—
Net income available to common shareholders	$	1,238,819		$	1,287,996	$	1,403,461		$	1,462,752

Net earnings per share available to common shareholders	$	1.99		$	1.73	$	2.26		$	1.90

(1) Diluted earnings per share calculation includes all stock options, convertible preferred stock, and restricted stock deemed to be dilutive.

(2) Diluted earnings per share calculation excludes dividends for convertible preferred stock deemed to be dilutive, as those amounts are assumed to have been converted to common stock of the Company.