Net Income Per Common Share (Tables)

12 Months Ended

Sep. 30, 2021

Earnings Per Share [Abstract]

Schedule of Calculation of Numerator and Denominator in Earnings Per Share

Information regarding the calculation of basic and diluted net income per common share for the years ended September 30, 2021, 2020 and 2019 is as follows (dollars in thousands, except per share amounts):

	2021		2020		2019
Basic net income per common share computation
Numerator - net income	$	27,583	$	24,269	$	24,020
Denominator - weighted average common shares outstanding	8,340,983		8,326,600		8,318,928
Basic net income per common share	$	3.31	$	2.91	$	2.89
Diluted net income per common share computation
Numerator - net income	$	27,583	$	24,269	$	24,020
Denominator - weighted average common shares outstanding	8,340,983		8,326,600		8,318,928
Effect of dilutive stock options (1)	103,350		95,886		149,298
Weighted average common shares outstanding-assuming dilution	8,444,333		8,422,486		8,468,226
Diluted net income per common share	$	3.27	$	2.88	$	2.84

___________________(1) For the years ended September 30, 2021, 2020 and 2019, average options to purchase 136,148, 131,186 and 102,920 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.