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EARNINGS PER SHARE (Tables)
6 Months Ended
Mar. 31, 2023
EARNINGS PER SHARE  
Schedule of net earnings per share available to common shareholders

For the three months ended March

2023

2022

    

Basic

    

Diluted

    

Basic

    

Diluted

Weighted average number of common shares outstanding

585,885

585,885

567,889

567,889

Weighted average net additional shares outstanding assuming dilutive options exercised and proceeds used to purchase treasury stock (1)

6,563

10,862

Weighted average number of shares outstanding

585,885

592,448

567,889

578,751

Net income available to common shareholders

$

2,065,574

$

2,065,574

$

3,006,182

$

3,006,182

Net earnings per share available to common shareholders

$

3.53

$

3.49

$

5.29

$

5.19

(1)Diluted earnings per share calculation includes all equity-based awards deemed to be dilutive.

For the six months ended March

2023

2022

    

Basic

    

Diluted

    

Basic

    

Diluted

Weighted average number of common shares outstanding

583,725

583,725

565,694

565,694

Weighted average net additional shares outstanding assuming dilutive options exercised and proceeds used to purchase treasury stock (1)

7,524

15,634

Weighted average number of shares outstanding

583,725

591,249

565,694

581,328

Net income available to common shareholders

$

4,694,575

$

4,694,575

$

6,007,238

$

6,007,238

Net earnings per share available to common shareholders

$

8.04

$

7.94

$

10.62

$

10.33

(1)Diluted earnings per share calculation includes all equity-based awards deemed to be dilutive.