Note 2 - Earnings Per Share

9 Months Ended

Jun. 30, 2013

Earnings per share: [Abstract]

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 and nine months ended June 30, 2013 and 2012 are:

	Three Months Ended June 30,				Nine Months Ended June 30,
	2013		2012		2013		2012
Net income attributable to common shareholders	$	235,520	$	459,298	$	1,329,246	$	829,799
Basic weighted average shares		9,998,480		10,189,120		10,070,567		10,198,691
Effect of dilutive securities:
Stock options	–			563		214		1,065
Diluted weighted average shares		9,998,480		10,189,683		10,070,781		10,199,756
Earnings per common share:
Basic	$	0.02	$	0.05	$	0.13	$	0.08
Diluted	$	0.02	$	0.05	$	0.13	$	0.08