Restricted Stock Plan (Tables)

12 Months Ended

Sep. 30, 2019

The following table summarizes the Company’s pre-tax compensation expense for the years ended September 30, 2019, 2018 and 2017, related to the Company’s performance based and non-performance based restricted stock.

	Year Ended September 30,
	2019		2018		2017
Performance based, restricted stock	$	367,091	$	276,272	$	233,122
Non-performance based, restricted stock		404,706		379,142		364,818
Total compensation expense	$	771,797	$	655,414	$	597,940

Summary Of Unrecognized Compensation Cost

A summary of the Company’s unrecognized compensation cost for its unvested performance based and non-performance based restricted stock and the weighted-average periods over which the compensation cost is expected to be recognized are shown in the following table.

	Unrecognized Compensation Cost		Weighted Average Period (in years)
Performance based, restricted stock	$	105,592		1.95
Non-performance based, restricted stock		166,100		1.36
Total	$	271,692

Summary Of Status And Changes In Unvested Shares Of Restricted Stock Awards

A summary of the status of, and changes in, unvested shares of restricted stock awards and changes is presented below:

	Performance Based Unvested Restricted Awards			Weighted Average Grant-Date Fair Value		Non- Performance Based Unvested Restricted Awards			Weighted Average Grant-Date Fair Value
Unvested shares as of September 30, 2016		114,417		$	9.78		43,011		$	16.25

Granted		20,531			14.27		16,426			24.41
Vested		(34,672	)		8.07		(28,449	)		18.02
Forfeited		(1,186	)		8.07		(5,991	)		17.04
Unvested shares as of September 30, 2017		99,090		$	11.33		24,997		$	19.41

Granted		29,099			11.34		19,918			20.77
Vested		(35,485	)		12.18		(16,248	)		19.34
Forfeited		-			-		-			-
Unvested shares as of September 30, 2018		92,704		$	11.00		28,667		$	20.40

Granted		43,287			8.24		27,978			15.61
Vested		-			-		(24,785	)		18.30
Forfeited		(89,321	)		10.08		(13,153	)		18.23
Unvested shares as of September 30, 2019		46,670		$	10.21		18,707		$	17.54