v3.26.1
EARNINGS PER SHARE
 9 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
EARNINGS PER SHARE

NOTE D - EARNINGS PER SHARE

 

The following table presents a calculation of basic and diluted earnings per share for the three and nine months ended June 30, 2026 and 2025. Basic and diluted earnings per share were calculated by dividing net income by the weighted average number of shares outstanding for the periods.

 

    Three Months     Nine Months  
    Ended June 30,     Ended June 30,  
    2026     2025     2026     2025  
    (Dollars in thousands, except share and per share data)  
                         
Income applicable to common shares   $ 3,093     $ 2,470     $ 9,259     $ 7,235  
Weighted average shares outstanding - basic     6,216,821       6,217,639       6,217,377       6,224,253  
Weighted average shares outstanding - diluted     6,287,533       6,232,247       6,285,508       6,232,173  
Earnings per share - basic   $ 0.50     $ 0.40     $ 1.49     $ 1.16  
Earnings per share - diluted   $ 0.49     $ 0.40     $ 1.47     $ 1.16  

 

Options to purchase 282,200 shares of common stock at a weighted average strike price of $12.58 and 58,160 shares of restricted shares at a weighted average price of $12.62 were outstanding at June 30, 2026 and included in the calculation of diluted earnings per share. Options to purchase 281,200 shares of common stock at a weighted average strike price of $12.58 and 87,240 shares of restricted shares at a weighted average price of $12.62 were outstanding at June 30, 2025 and included in the calculation of diluted earnings per share.

 

Options and restricted shares were not anti-dilutive at June 30, 2026 and 2025.