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Net Income Per Common Share (Tables)
 9 Months Ended
Jun. 30, 2013
Earnings Per Share [Abstract]  
Schedule of Earnings per Share
 
Three Months Ended June 30
 
Nine Months Ended
June 30
 
2013

 
2012

 
2013

 
2012

 
(In thousands, except for per share data)
Basic net income per common share computation
 
 
 
 
 
 
 
Numerator – net income
$
876

 
$
1,348

 
$
3,863

 
$
3,438

Preferred stock dividends
(151
)
 
(208
)
 
(559
)
 
(624
)
Preferred stock discount accretion
(47
)
 
(61
)
 
(236
)
 
(179
)
Repurchase of preferred stock at a discount
—

 
—

 
255

 
—

Net income to common shareholders
$
678

 
$
1,079

 
$
3,323

 
$
2,635

 
 
 
 
 
 
 
 
Denominator – weighted average
common shares outstanding
6,818,752

 
6,780,516

 
6,816,772

 
6,780,516

 
 
 
 
 
 
 
 
Basic net income per common share
$
0.10


$
0.16

 
$
0.49

 
$
0.39

 
 
 
 
 
 
 
 
Diluted net income per common share computation
 
 
 
 
 

 
 

Numerator – net income
$
876

 
$
1,348

 
$
3,863

 
$
3,438

Preferred stock dividends
(151
)
 
(208
)
 
(559
)
 
(624
)
Preferred stock discount accretion
(47
)
 
(61
)
 
(236
)
 
(179
)
Repurchase of preferred stock at a discount
—

 
—

 
255

 
—

Net income to common shareholders
$
678

 
$
1,079

 
$
3,323

 
$
2,635

 
 
 
 
 
 
 
 
Denominator – weighted average
common shares outstanding
6,818,752

 
6,780,516

 
6,816,772

 
6,780,516

Effect of dilutive stock options (1)
18,458

 
—

 
13,035

 
—

Effect of dilutive stock warrant (2)
65,287

 
—

 
40,944

 
—

Weighted average common shares
and common stock equivalents
6,902,497

 
6,780,516

 
6,870,751

 
6,780,516

 
 
 
 
 
 
 
 
Diluted net income per common share
$
0.10

 
$
0.16

 
$
0.48

 
$
0.39

____________________________________________
(1) For the three and nine months ended June 30, 2013, options to purchase 56,546 and 131,152 shares of common stock, respectively, were outstanding but not included in the computation of diluted net income per common share because their effect would have been anti-dilutive. For the three and nine months ended June 30, 2012, options to purchase 110,726 and 133,652 shares of common stock, respectively, were outstanding but not included in the computation of diluted net income per common share because their effect would have been anti-dilutive.
(2) For the three and nine months ended June 30, 2012, a warrant to purchase 370,899 shares of common stock was outstanding but not included in the computation of diluted net income per common share because the warrant's exercise price was greater than the average market price of the common stock, and, therefore, its effect would have been anti-dilutive.