Stock-Based Compensation (Tables)

6 Months Ended

Mar. 31, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Restricted Common Stock Award

	March 31, 2016				September 30, 2015
	Number of Shares		Weighted Average Grant Price		Number of Shares		Weighted Average Grant Price
Restricted Shares
Unvested and outstanding at beginning of fiscal year	46,857		$	7.59	41,014		$	6.51
Granted	—		—		17,500		9.20
Vested	(10,595	)	7.56		(11,657	)	6.18
Forfeited	—		—		—		—
Unvested and outstanding fiscal to date	36,262		$	7.60	46,857		$	7.59

Summary of stock option activity

Common Stock Option Awards

	Option Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term	Aggregate Intrinsic Value
2016
Outstanding at September 30, 2015	171,737		$	7.46
Granted	17,000		9.21
Exercised	(17,272	)
Forfeited or expired	—
Outstanding at March 31, 2016	171,465		$	7.83	7.15
Exercisable at March 31, 2016	69,120		$	7.49	5.59	$	103
Fully vested and expected to vest	171,465		$	7.83	7.15	$	209
2015
Outstanding at September 30, 2014	179,192		$	6.52
Granted	50,000		9.20
Exercised	(51,955	)
Forfeited or expired	(5,500	)
Outstanding at September 30, 2015	171,737		$	7.46	7.58
Exercisable at September 30, 2015	63,764		$	6.79	5.33
Fully vested and expected to vest	171,737		$	7.46	7.58

Information related to the 2004 Stock Option and Incentive Plan and 2008 Equity Incentive Plan during each year follows:



	2016		2015
Intrinsic value of options exercised	$	60	$	180
Cash received from options exercised	$	95	$	299
Tax benefit realized from options exercised	$	—	$	9

Assumption used in calculating stock option expense

Set forth below is a table showing relevant assumptions used in calculating stock option expense related to the Company’s 2004 Stock Option and Incentive Plan and 2008 Equity Incentive Plan:



	2016		2015
Dividend yield	0.87	%	0.88	%
Risk-free interest rate	2.1	%	2.1	%
Weighted average expected life (years)	10		10
Expected volatility	3	%	2	%