Earnings Per Share Data

9 Months Ended

Jun. 30, 2013

Earnings Per Share [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 nine months ended June 30, 2013 and 2012:

	Quarter Ended June 30,				Nine Months Ended June 30,
	2013		2012		2013		2012
Net Income	$	2,489,000	$	1,192,000	$	4,490,000	$	4,833,000
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	$	0.26	$	0.13	$	0.47	$	0.51
Diluted:
Net earnings per share	$	0.26	$	0.13	$	0.47	$	0.51

The number of potentially anti-dilutive common stock equivalents (stock options) excluded from the fully diluted calculation above was 345,500 for the quarters and nine months ended June 30, 2013 and June 30, 2012.