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STOCK BASED COMPENSATION PLANS (Tables)
 12 Months Ended
Sep. 30, 2016
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]  
Share-based Payment Award, Stock Options, Valuation Assumptions
The fair value of options granted under the 2010 Plan was determined using the following assumptions:
 
Expected dividend yield
 
 
4.53
%
Risk-free interest rate
 
 
2.82
%
Expected volatility
 
 
30.00
%
Expected life of options
 
 
7.0 years
 
Weighted average fair value at grant date
 
$
3.09
 
Stock Option Activity
A summary of stock option activity under the 2010 Plan as of September 30, 2016, and changes during the year then ended, is presented below.
 
 
 
 
 
 
 
Weighted
 
 
 
 
 
 
 
Weighted
 
Average
 
 
 
 
 
Number
 
Average
 
Remaining
 
Aggregate
 
 
 
of
 
Exercise
 
Contractual
 
Intrinsic
 
 
 
Shares
 
Price
 
Term
 
Value
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Outstanding at beginning of year
 
 
213,260
 
$
13.25
 
 
4.6
 
$
4,425,000
 
Granted
 
 
--
 
 
 
 
 
 
 
 
 
 
Exercised
 
 
(26,210)
 
$
13.25
 
 
 
 
$
580,000
 
Forfeited or expired
 
 
-
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Outstanding at end of year
 
 
187,050
 
$
13.25
 
 
3.6
 
$
4,285,000
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Exercisable at end of year
 
 
187,050
 
$
13.25
 
 
3.6
 
$
4,285,000