Earnings Per Share Data

6 Months Ended

Mar. 31, 2012

Earnings Per Share Data [Abstract]

Earnings Per Share Data

Note 5 – Earnings per Share Data

The following table sets forth the computation of basic and diluted earnings per share for the quarters and six months ended March 31, 2012 and 2011:

	Quarter Ended March 31,				Six Months Ended March 31,
	2012		2011		2012		2011
Net income	$	2,766,000	$	2,450,000	$	3,641,000	$	3,555,000
Common Shares:
Weighted average common shares outstanding		9,518,000		9,518,000		9,518,000		9,518,000
Effect of dilutive stock options		—		—		—		—
Diluted shares outstanding		9,518,000		9,518,000		9,518,000		9,518,000
Basic:
Net earnings per share	$	0.29	$	0.26	$	0.38	$	0.37
Diluted:
Net earnings per share	$	0.29	$	0.26	$	0.38	$	0.37

The number of potentially anti-dilutive common stock equivalents (stock options) excluded from the fully diluted calculation above was 325,500 for the three and six months ended March 31, 2012 and 27,500 for the three and six months ended March 31, 2011.