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Earnings Per Share (Tables)
12 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
Calculations of Basic and Diluted Earnings Per Share

Year Ended September 30, 

(in thousands, except share and per share data)

    

2023

    

2022

Net income available to common stockholders

$

15,164

$

23,556

Less: Dividends paid and earnings allocated to participating securities

(561)

(903)

Income attributable to common stock

$

14,603

$

22,653

Weighted average common shares outstanding, including participating securities

7,319,040

6,302,328

Less: Weighted average participating securities

(278,211)

(237,259)

Weighted average common shares outstanding

 

7,040,829

 

6,065,069

Basic EPS

$

2.07

$

3.74

Income attributable to common stock

$

14,603

$

22,653

Weighted average common shares outstanding

 

7,040,829

 

6,065,069

Weighted average common equivalent shares outstanding

80,118

92,977

Weighted average common and equivalent shares outstanding

7,120,947

6,158,046

Diluted EPS

$

2.05

$

3.68