Note 2 - Earnings Per Share

3 Months Ended

Dec. 31, 2012

Earnings Per Share [Text Block]

Note 2 – Earnings Per Share

Basic earnings per share are based on the sum of the average number of common shares outstanding and issuable restricted and deferred shares.  Diluted earnings per share include any dilutive effect of stock options and restricted stock.  In computing the diluted weighted average shares, the average stock price for the period is used in determining the number of shares assumed to be reacquired under the treasury stock method from the exercise of options.

Basic and diluted earnings per share for the three months ended December 31, 2012 and 2011 are:

	Three Months Ended December 31,
	2012		2011
Net income attributable to common shareholders	$	797,417	$	446,780
Basic weighted average shares		10,185,026		10,207,390
Effect of dilutive securities:
Stock options		372		1,646
Diluted weighted average shares		10,185,398		10,209,036
Earnings per common share:
Basic	$	0.08	$	0.04
Diluted	$	0.08	$	0.04