STOCK COMPENSATION PLAN (Tables)

12 Months Ended

Sep. 30, 2019

Share-based Payment Arrangement [Abstract]

SCHEDULE OF STOCK OPTIONS, VALUATION ASSUMPTIONS

The fair value of each option grant is estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted-average assumptions used for grants in fiscal 2019, 2018 and 2017:

	2019			2018			2017
Dividend yield		5.03	%		3.82	%		4.44	%
Expected volatility		17.17	%		16.45	%		18.84	%
Risk-free interest rate		2.88	%		2.37	%		2.26	%
Expected lives (years)		8			8			8
Estimated forfeitures		0			0			0

SUMMARY OF STATUS OF COMPANY'S STOCK OPTION PLAN

A summary of the status of our stock option plan as of September 30, 2019, 2018 and 2017 is as follows (shares in thousands):

				2019					2018					2017
	2019 Shares			Weighted Average Exercise Price		2018 Shares			Weighted Average Exercise Price		2017 Shares			Weighted Average Exercise Price
Outstanding at beginning of year		695		$	12.17		670		$	11.75		455		$	9.46
Granted		450			13.53		65			17.80		280			14.43
Exercised		(65	)		8.72		(40	)		14.24		(65	)		7.22
Expired/Forfeited		0			0		0			0		0			0
Outstanding at end of year		1,080			12.95		695			12.17		670			11.75
Exercisable at end of year		630					630					390
Weighted-average fair value of options granted during the year				$	1.17				$	1.84				$	1.49

SUMMARY OF STOCK OPTION OUTSTANDING

The following is a summary of stock options outstanding as of September 30, 2019:

Date of Grant	Number of Grants		Number of Shares (in thousands)		Option Price		Expiration Date
01/03/12		1		65		9.33	01/03/20
01/03/13		1		65		10.46	01/03/21
01/03/14		1		65		8.94	01/03/22
01/05/15		1		65		11.16	01/05/23
01/05/16		1		65		10.37	01/05/24
12/09/16		8		175		14.24	12/09/24
01/04/17		1		65		15.04	01/04/25
01/03/18		1		65		17.80	01/03/26
12/10/18		12		385		13.64	12/10/26
01/10/19		1		65		12.86	01/10/27
				1,080

SUMMARY OF NONVESTED RESTRICTED STOCK AWARDS

A summary of the status of our non-vested restricted stock awards as of September 30, 2019, 2018 and 2017 are presented below (shares in thousands):

				2019						2018						2017
	2019 Shares			Weighted-Average Grant Date Fair Value			2018 Shares			Weighted-Average Grant Date Fair Value			2017 Shares			Weighted-Average Grant Date Fair Value
Non-vested at beginning of year		78		$	13.18			90		$	12.15			118		$	11.35
Granted		25			15.45			13			16.47			11			15.92
Dividend Reinvested Shares		5			13.11			4			15.42			5			13.99
Vested		(31	)		(14.33	)		(29	)		(16.99	)		(44	)		(15.74	)
Forfeited		0			0			0			0			0			0
Non-vested at end of year		77		$	13.94			78		$	13.18			90		$	12.15