Earnings per Share

3 Months Ended

Nov. 30, 2011

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

Note 4.    Earnings per Share

The following is a reconciliation of the numerators and denominators of the basic and diluted computations for net income per share attributable to common shareholders:

	For the Three Months Ended November 30,
	2011			2010
	(In thousands, except per share information)
EPS  – basic:
Net income	$	625		$	600
Less:  preferred stock dividends		(19	)		(19	)
Net income available for common shareholders	$	606		$	581
Basic and diluted weighted average common shares outstanding		4,861,590			4,861,590
Earnings per common share  – basic and diluted	$	0.12		$	0.12

For the three months ended November 30, 2011 and 2010, 40,000 potential common shares have been excluded from the computation of diluted earnings per share because their effect would have been anti-dilutive.