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Earnings Per Share
 9 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Earnings Per Share
(7)
Earnings Per Share

Basic earnings per share is computed by dividing net income by the weighted average number of common shares outstanding during the period.  Diluted earnings per share is computed in a manner similar to that of basic earnings per share except that the weighted-average number of common shares outstanding is increased to include the number of incremental common shares that would have been outstanding under the treasury stock method if all potentially dilutive common shares (such as stock options) issued became vested during the period.  There were no anti-dilutive securities or contracts outstanding during the three and nine months ended March 31, 2017 and 2016.

  
For the three months
ended March 31,
  
For the nine months
ended March 31,
 
  
2017
  
2016
  
2017
  
2016
 
             
Net Income
 
$
2,897,000
  
$
2,161,000
  
$
8,330,000
  
$
6,631,000
 
Weighted Average Shares – Basic
  
8,502,614
   
8,464,392
   
8,492,501
   
8,454,147
 
Effect of Dilutive Stock Options
  
16,762
   
19,817
   
17,251
   
15,585
 
Weighted Average Shares - Dilute
  
8,519,376
   
8,484,209
   
8,509,752
   
8,469,732
 
                 
Earnings per share - Basic
 
$
0.34
  
$
0.26
  
$
0.98
  
$
0.78
 
Earnings per share - Diluted
 
$
0.34
  
$
0.25
  
$
0.98
  
$
0.78