Statements of Income - USD ($) $ in Thousands |
12 Months Ended | |
|---|---|---|
Sep. 30, 2022 |
Sep. 30, 2021 |
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| Revenue | ||
| Total revenue | $ 29,667 | $ 32,760 |
| Operating expenses | ||
| Compensation and benefits | 8,322 | 9,078 |
| General and administrative | 5,036 | 4,754 |
| Mutual fund distribution | 536 | 485 |
| Sub-advisory fees | 5,727 | 7,332 |
| Depreciation | 207 | 232 |
| Total operating expenses | 19,828 | 21,881 |
| Net operating income | 9,839 | 10,879 |
| Interest expense | 2,122 | 0 |
| Other income | (229) | (2) |
| Income before income tax expense | 7,946 | 10,881 |
| Income tax expense | 1,756 | 2,979 |
| Net income | $ 6,190 | $ 7,902 |
| Earnings per share | ||
| Basic | $ 0.83 | $ 1.07 |
| Diluted | $ 0.82 | $ 1.07 |
| Weighted average shares outstanding | ||
| Basic | 7,483,342 | 7,367,948 |
| Diluted | 7,558,008 | 7,409,112 |
| Cash dividends declared per share | $ 0.55 | $ 0.55 |
| Investment advisory fees [Member] | ||
| Revenue | ||
| Total revenue | $ 27,468 | $ 30,367 |
| Shareholder service fees [Member] | ||
| Revenue | ||
| Total revenue | $ 2,199 | $ 2,393 |
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- Definition Mutual fund platform fees. No definition available.
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- Definition Weighted average shares outstanding. No definition available.
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- Definition Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of expense for employee benefit and equity-based compensation. No definition available.
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of income related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Subadvisory fees that the funds adviser pays for out of the management fee, which it receives from the fund. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Details
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- Details
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