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EARNINGS PER SHARE (Tables)
9 Months Ended
Jun. 30, 2024
EARNINGS PER SHARE  
Schedule of net earnings per share available to common shareholders

For the three months ended June

2024

2023

    

Basic

    

Diluted

    

Basic

    

Diluted

Weighted average number of common shares outstanding

600,161

600,161

585,625

585,625

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

6,091

12,965

Weighted average number of shares outstanding

600,161

606,252

585,625

598,590

Net income available to common shareholders

$

1,489,399

$

1,489,399

$

3,944,379

$

3,944,379

Net earnings per share available to common shareholders

$

2.48

$

2.46

$

6.74

$

6.59

(1) Diluted earnings per share calculation includes all equity-based awards deemed to be dilutive.

For the nine months ended June

2024

2023

    

Basic

    

Diluted

    

Basic

    

Diluted

Weighted average number of common shares outstanding

598,637

598,637

584,359

584,359

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

7,514

9,121

Weighted average number of shares outstanding

598,637

606,151

584,359

593,480

Net income available to common shareholders

$

3,099,904

$

3,099,904

$

8,638,954

$

8,638,954

Net earnings per share available to common shareholders

$

5.18

$

5.11

$

14.78

$

14.56

(1) Diluted earnings per share calculation includes all equity-based awards deemed to be dilutive.