Earnings per Share

6 Months Ended

Mar. 31, 2022

2.	Earnings per Share

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 three and six month periods ended March 31, 2022 and 2021.

	Three Months Ended						Six Months Ended
	March 31,			March 31,			March 31,			March 31,
	2022			2021			2022			2021
Weighted-average common shares outstanding		18,133,095			18,133,095			18,133,095			18,133,095
Average treasury stock shares		(7,652,070	)		(7,333,251	)		(7,643,766	)		(7,306,323	)
Average unearned ESOP shares		(661,946	)		(707,526	)		(667,665	)		(712,929	)
Average unearned non-vested shares		(52,850	)		(59,306	)		(53,605	)		(60,754	)
Weighted average common shares and common stock equivalents used to calculate basic earnings per share		9,766,229			10,033,012			9,768,059			10,053,089
Additional common stock equivalents (nonvested stock) used to calculate diluted earnings per share		2,603			2,015			2,834			2,462
Weighted average common shares and common stock equivalents used to calculate diluted earnings per share		9,768,832			10,035,027			9,770,893			10,055,551

At March 31, 2022 there were 29,974 shares of nonvested stock outstanding at an average weighted price of $16.47 per share that were not included in the computation of diluted earnings per share because to do so would have been anti-dilutive. At March 31, 2021 there were 27,710 shares of nonvested stock outstanding at an average weighted price of $16.14 per share that were not included in the computation of diluted earnings per share because to do so would have been anti-dilutive.