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Consolidated Statements of Income (Unaudited) (USD $)
3 Months Ended 9 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Interest and dividend income:        
Interest on loans $ 801,976 $ 851,009 $ 2,513,058 $ 2,544,244
Interest and dividends on investments 104,551 100,778 298,299 298,588
Total interest income 906,527 951,787 2,811,357 2,842,832
Interest expense:        
Interest on deposits 151,356 198,291 498,389 635,278
Interest on borrowings 67,806 69,102 205,896 208,792
Total interest expense 219,162 267,393 704,285 844,070
Net interest income 687,365 684,394 2,107,072 1,998,762
Provision for loan and lease losses 45,000 200,000 225,000 355,000
Net interest income after provision for loan and lease losses 642,365 484,394 1,882,072 1,643,762
Non-interest income:        
Service fees on deposit accounts 724 713 3,526 3,094
Other service charges, commissions and fees 16,102 16,299 55,420 64,796
Gain on disposal of assets 0 127,256 4,737 127,256
Other non-interest income 10,083 5,063 13,108 7,000
Total non-interest income 26,909 149,331 76,791 202,146
Non-interest expense:        
Salaries, fees and employment 282,547 239,158 832,074 716,868
Premises and equipment 45,568 43,458 143,878 130,930
Professional fees 67,616 33,479 168,663 95,112
Data processing 26,719 21,419 85,209 64,021
FDIC insurance premium 16,137 19,311 47,161 52,696
Supervisory examination 8,672 9,662 25,375 28,699
Insurance and bond premiums 14,957 10,154 27,704 20,801
Stationery, printing and supplies 6,759 9,640 29,323 25,470
Other operating expenses 52,399 30,098 120,718 94,401
Total non-interest expense 521,374 416,379 1,480,105 1,228,998
Income before income taxes 147,900 217,346 478,758 616,910
Income taxes 47,000 67,000 155,000 207,000
Income before extraordinary item 100,900 150,346 323,758 409,910
Extraordinary item, gain on business combination     1,022,074  
Net income $ 100,900 $ 150,346 $ 1,345,832 $ 409,910
Basic and dilutive earnings per common share:        
Net income before extraordinary item, basic $ 0.21 $ 0.36 $ 0.69 $ 0.99
Extraordinary item, gain on business combination, basic     $ 2.19  
Net income, basic $ 0.21 $ 0.36 $ 2.88 $ 0.99
Basic weighted average shares outstanding 470,176 415,067 468,203 415,067
Net income before extraordinary item, dilutive $ 0.21 $ 0.36 $ 0.69 $ 0.99
Extraordinary item, gain on business combination, dilutive     $ 2.17  
Net income, dilutive $ 0.21 $ 0.36 $ 2.86 $ 0.99
Dilutive weighted average shares outstanding 472,909 415,067 470,936 415,067