Shareholders' Equity (Tables)

12 Months Ended

Aug. 31, 2020

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)	2020		2019
EPS – basic and diluted:
Net income	$	7,793	$	9,432
Less:  cumulative preferred stock dividend		(76)		(76)
Net income attributable to common shareholders for basic and diluted EPS computation		7,717		9,356
Weighted average common shares outstanding for basic and diluted EPS computation		4,861,590		4,861,590
Earnings per common share – basic and diluted	$	1.59	$	1.92