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Shareholders' Equity (Details) - USD ($)
$ / shares in Units, $ in Thousands
12 Months Ended
Aug. 31, 2016
Aug. 31, 2015
Basic and diluted earnings per share:    
Net income $ 4,095 $ 3,741
Less: accrued 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