Shareholders' Equity (Tables)

12 Months Ended

Aug. 31, 2021

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)	2021		2020
EPS – basic and diluted:
Net income	$	8,387	$	7,793
Less:  cumulative preferred stock dividend		(76)		(76)
Net income attributable to common shareholders for basic and diluted EPS computation	$	8,311	$	7,717
Weighted average common shares outstanding for basic and diluted EPS computation		4,861,590		4,861,590
Earnings per common share – basic and diluted	$	1.71	$	1.59