Stock Compensation Plans (Tables)

12 Months Ended

Sep. 30, 2024

Share-Based Payment Arrangement, Noncash Expense [Abstract]

Schedule of Stock Option Activity

Stock option activity for the years ended September 30, 2024, 2023 and 2022 is summarized as follows:

	Number of Shares	Weighted Average Exercise Price
Outstanding September 30, 2021	406,815	$	21.62
Options granted	74,000	27.40
Options exercised	(36,720)	11.31
Options forfeited	(22,170)	26.01
Outstanding September 30, 2022	421,925	23.30
Options granted	1,000	33.40
Options exercised	(42,635)	16.38
Options forfeited	(11,140)	27.26
Outstanding September 30, 2023	369,150	24.00
Options granted	—	—
Options exercised	(45,150)	14.61
Options forfeited	(17,760)	27.07
Outstanding September 30, 2024	306,240	$	25.21

Schedule of Fair Value Assumptions

The weighted average assumptions for options granted during the years ended September 30, 2023 and 2022 were as follows:

	2023			2022
Expected volatility	33		%	33		%
Expected life (in years)	5			5
Expected dividend yield	2.99		%	3.61		%
Risk free interest rate	3.58		%	4.17		%
Grant date fair value per share	$	8.65		$	6.87

Schedule of Stock Option Plans, by Exercise Price Range

Additional information regarding options outstanding at September 30, 2024 is as follows:

			Options Outstanding				Options Exercisable
Range of Exercise Prices ($)			Number	Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)	Number	Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)
10.26	-	10.71	20,750	$	10.62	0.8	20,750	$	10.62	0.8
15.67	-	19.13	55,450	16.60		5.1	44,520	16.53		4.8
26.50	-	27.40	97,220	27.32		7.0	57,320	27.26		6.4
28.23	-	29.69	99,900	28.78		5.5	74,300	28.97		5.0
31.80	-	33.40	32,920	31.85		4.1	32,120	31.60		4.0
			306,240	$	25.21	5.4	229,010	$	24.86	4.8

Summary of Restricted Stock Activity

The following table presents the activity related to restricted stock for the years ended September 30, 2024 and 2023:

	Time Based
	Number of Unvested Shares	Weighted Average Grant Date Fair Value
Outstanding, September 30, 2022	—	$	—
Granted	26,150	27.37
Forfeited	—	—
Issued	—	—
Outstanding, September 30, 2023	26,150	27.37
Granted	28,815	30.62
Forfeited	(200)	27.37
Issued	(5,750)	27.37
Outstanding, September 30, 2024	49,015	$	29.28