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Earnings per Share (Tables)
12 Months Ended
Sep. 30, 2020
Earnings Per Share [Abstract]  
Composition of the Weighted-Average Common Shares (Denominator) Used in the Basic and Diluted Earnings Per Share Computation

The following table sets forth the composition of the weighted-average common shares (denominator) used in the basic and diluted earnings per share computation for the years ended September 30, 2020 and 2019.

 

 

 

2020

 

 

2019

 

Weighted-average common shares outstanding

 

 

18,133,095

 

 

 

18,133,095

 

Average treasury stock shares

 

 

(6,991,620

)

 

 

(6,562,435

)

Average unearned ESOP shares

 

 

(746,824

)

 

 

(792,073

)

Average unearned nonvested shares

 

 

(47,168

)

 

 

(45,421

)

Weighted-average common shares and common stock

   equivalents used to calculate basic earnings per share

 

 

10,347,483

 

 

 

10,733,166

 

Additional common stock equivalents (nonvested stock)

   used to calculate diluted earnings per share

 

 

-

 

 

 

-

 

Additional common stock equivalents (stock options)

   used to calculate diluted earnings per share

 

 

-

 

 

 

-

 

Weighted-average common shares and common stock

   equivalents used to calculate diluted earnings per share

 

 

10,347,483

 

 

 

10,733,166