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EARNINGS PER SHARE (Tables)
3 Months Ended
Dec. 31, 2018
EARNINGS PER SHARE  
Schedule of net earnings per share available to common shareholders

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the three months ended December

 

 

 

2018

 

2017

 

 

    

Basic

    

Diluted

    

Basic

    

Diluted

    

Weighted average common shares outstanding

 

 

617,858

 

 

617,858

 

 

687,679

 

 

687,679

 

Weighted average net additional shares outstanding assuming dilutive options exercised and proceeds used to purchase treasury stock and conversion of preferred stock (1)

 

 

 —

 

 

6,667

 

 

 —

 

 

8,271

 

Weighted average number of shares outstanding

 

 

617,858

 

 

624,525

 

 

687,679

 

 

695,950

 

Net income available to common shareholders

 

$

1,245,321

 

$

1,245,321

 

$

1,480,091

 

$

1,480,091

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings per share available to common shareholders

 

$

2.02

 

$

1.99

 

$

2.15

 

$

2.13

 


(1)

Diluted earnings per share calculation includes all stock options and restricted stock units deemed to be dilutive.