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Stock Plans And Stock Based Compensation (Tables)

6 Months Ended

Mar. 31, 2013

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award

Activity under the plans for the six months ended March 31, 2013 and 2012 is as follows:



	Six Months Ended March 31, 2013				Six Months Ended March 31, 2012
	Shares		Weighted Average Exercise Price		Shares		Weighted Average Exercise Price
Options outstanding, beginning of period	195,626		$	7.97	137,726		$	9.25
Granted	29,000		6.00		33,500		4.01
Forfeited	(56,680	)	9.52		(2,200	)	4.55
Options outstanding, end of period	167,946		$	7.10	169,026		$	8.27

Options exercisable, end of period	68,446		$	9.55	122,326		$	9.84

Schedule of Fair Value Assumptions

The Black-Scholes option pricing model was used in estimating the fair value of option grants. The weighted average assumptions used for options granted during the six months ended March 31, 2013 were:



Expected Volatility	45		%
Expected term (in years)	5
Expected dividend yield	—		%
Risk free interest rate	0.76		%
Grant date fair value per share	$	2.37

Schedule of Compensation Expense by Plan

Compensation expenses for all stock-based plans were as follows:



	Six Months Ended March 31,
	2013				2012
	(Dollars in thousands)
	Stock Options		Stock Grants		Stock Options		Stock Grants
Compensation expense recognized in income	$	24	$	22	$	7	$	55
Related tax benefit recognized	$	8	$	7	$	2	$	19

Schedule of Unrecognized Compensation Expense for Share-based Awards

As of March 31, 2013, the compensation expense yet to be recognized for stock-based awards that have been awarded but not vested for the years ending September 30 is as follows (dollars in thousands):



	Stock Options		Stock Grants		Total Awards
Remainder of 2013	$	26	$	16	$	42
2014	50		2		52
2015	44		—		44
2016	44		—		44
2017	35		—		35
2018	1		—		1
Total	$	200	$	18	$	218

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

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