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Earnings per Share
6 Months Ended
Feb. 29, 2012
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]

Note 4.   Earnings per Share

 

The following is a reconciliation of the numerators and denominators of the basic and diluted computations for net income per share attributable to common shareholders:

 

    For the Three Months,     For the Six Months Ended,  
    February 29, 2012     February 28, 2011     February 29, 2012     February 28, 2011  
                         
(In thousands, except share and per share information)                                
                                 
EPS:                                
   Net income   $ 403     $ 533     $ 1,028     $ 1,133  
   Less:  preferred stock dividends     (19 )     (19 )     (38 )     (38 )
Net income available for common shareholders   $ 384     $ 514     $ 990     $ 1,095  
                                 
Earnings per common share  – basic and diluted   $ 0.08     $ 0.11     $ 0.20     $ 0.23  
                                 

 

For the three and six months ended February 29, 2012 and February 28, 2011, 40,000 potential common shares have been excluded from the computation of diluted earnings per share because their effect would have been anti-dilutive.