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Net Income Per Common Share
12 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Net Income Per Common Share Net Income Per Common Share
Information regarding the calculation of basic and diluted net income per common share for the years ended September 30, 2024, 2023 and 2022, is as follows (dollars in thousands, except per share amounts):
 202420232022
Basic net income per common share computation   
Numerator - net income $24,283 $27,118 $23,600 
  Denominator - weighted average common shares outstanding8,038,674 8,175,898 8,304,002 
Basic net income per common share$3.02 $3.32 $2.84 
Diluted net income per common share computation   
Numerator - net income $24,283 $27,118 $23,600 
  Denominator - weighted average common shares outstanding8,038,674 8,175,898 8,304,002 
Effect of dilutive stock options (1)41,708 72,283 79,333 
  Weighted average common shares outstanding-assuming dilution8,080,382 8,248,181 8,383,335 
Diluted net income per common share$3.01 $3.29 $2.82 
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(1) For the years ended September 30, 2024, 2023 and 2022, average options to purchase 225,047, 207,803 and 204,265 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.