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Shareholders' Equity (Tables)
 12 Months Ended
Aug. 31, 2019
Shareholders' Equity  
Schedule of Earnings Per Share

The following is a reconciliation of the numerators and denominators used in the basic and diluted computations of earnings per common share:

 

 

 

 

 

 

 

 

 

Years Ended August 31,

(In thousands, except per share information)

    

2019

    

2018

EPS – basic and diluted:

 

 

  

 

 

  

Net income

 

$

9,432

 

$

6,949

Less:  cumulative preferred stock dividend

 

 

(76)

 

 

(76)

Net income attributable to common shareholders for basic and diluted EPS computation

 

 

9,356

 

 

6,873

Weighted average common shares outstanding for basic and diluted EPS computation

 

 

4,861,590

 

 

4,861,590

Earnings per common share – basic and diluted

 

$

1.92

 

$

1.41