
	For the three months ended June
	2016				2015
	Basic		Diluted		Basic		Diluted
Weighted average common shares outstanding		596,112		596,112		615,822		615,822
Weighted average net additional shares outstanding assuming dilutive options exercised and proceeds used to purchase treasury stock and conversion of preferred stock (1)		—		111,188		—		125,361
Weighted average number of shares outstanding		596,112		707,300		615,822		741,183
Net income	$	1,851,934	$	1,851,934	$	1,996,224	$	1,996,224
Deduct: convertible preferred stock dividends (2)		(48,642)		—		(48,643)		—
Net income available to common shareholders	$	1,803,292	$	1,851,934	$	1,947,581	$	1,996,224

Net earnings per share available to common shareholders	$	3.03	$	2.62	$	3.16	$	2.69

(1)

Diluted earnings per share calculation includes all stock options, convertible preferred stock, and restricted stock units deemed to be dilutive.

(2)

Diluted earnings per share calculation excludes dividends for convertible preferred stock deemed to be dilutive, as those amounts are assumed to have been converted to common stock of the Company.


	For the nine months ended June
	2016				2015
	Basic		Diluted		Basic		Diluted
Weighted average common shares outstanding		609,240		609,240		614,723		614,723
Weighted average net additional shares outstanding assuming dilutive options exercised and proceeds used to purchase treasury stock and conversion of preferred stock (1)		—		108,635		—		122,602
Weighted average number of shares outstanding		609,240		717,875		614,723		737,325
Net income	$	4,354,180	$	4,354,180	$	4,311,587	$	4,311,587
Deduct: convertible preferred stock dividends (2)		(146,462)		—		(145,928)		—
Net income available to common shareholders	$	4,207,718	$	4,354,180	$	4,165,659	$	4,311,587

Net earnings per share available to common shareholders	$	6.91	$	6.07	$	6.78	$	5.85

(1)

Diluted earnings per share calculation includes all stock options, convertible preferred stock, and restricted stock units deemed to be dilutive.

(2)

Diluted earnings per share calculation excludes dividends for convertible preferred stock deemed to be dilutive, as those amounts are assumed to have been converted to common stock of the Company.