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Shareholders' Equity (Tables)
 12 Months Ended
Aug. 31, 2016
Equity [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
The following is a reconciliation of the numerators and denominators used in the basic and diluted computations of earnings per common share:
 
 
 
Year Ended August 31,
 
(In thousands, except per share information)
 
2016
 
2015
 
EPS– basic and diluted:
 
 
 
 
 
 
 
Net income
 
$
4,095
 
$
3,741
 
Less: undeclared cumulative preferred stock dividends
 
 
(76)
 
 
(76)
 
Net income available to common shareholders for basic and diluted EPS computation
 
 
4,019
 
 
3,665
 
Weighted average common shares outstanding for basic and diluted EPS computation
 
 
4,861,590
 
 
4,861,590
 
Earnings per common share – basic and diluted
 
$
0.83
 
$
0.75