
	For the three months ended June
	2017				2016
	Basic		Diluted		Basic		Diluted
Weighted average common shares outstanding		678,938		678,938		596,112		596,112
Weighted average net additional shares outstanding assuming dilutive options exercised and proceeds used to purchase treasury stock and conversion of preferred stock (1)		—		12,763		—		111,188
Weighted average number of shares outstanding		678,938		691,701		596,112		707,300
Net income	$	385,049	$	385,049	$	1,851,934	$	1,851,934
Deduct: convertible preferred stock dividends (2)		—		—		(48,642)		—
Net income available to common shareholders	$	385,049	$	385,049	$	1,803,292	$	1,851,934

Net earnings per share available to common shareholders	$	0.57	$	0.56	$	3.03	$	2.62

(1)

Diluted earnings per share calculation includes all stock options, convertible preferred stock, and restricted stock units deemed to be dilutive.

(2)

Diluted earnings per share calculation excludes dividends for convertible preferred stock deemed to be dilutive, as those amounts are assumed to have been converted to common stock of the Company.


	For the nine months ended June
	2017				2016
	Basic		Diluted		Basic		Diluted
Weighted average common shares outstanding		679,858		679,858		609,240		609,240
Weighted average net additional shares outstanding assuming dilutive options exercised and proceeds used to purchase treasury stock and conversion of preferred stock (1)		—		10,982		—		108,635
Weighted average number of shares outstanding		679,858		690,840		609,240		717,875
Net income	$	1,919,996	$	1,919,996	$	4,354,180	$	4,354,180
Deduct: convertible preferred stock dividends (2)		—		—		(146,462)		—
Net income available to common shareholders	$	1,919,996	$	1,919,996	$	4,207,718	$	4,354,180

Net earnings per share available to common shareholders	$	2.82	$	2.78	$	6.91	$	6.07

(1)

Diluted earnings per share calculation includes all stock options, convertible preferred stock, and restricted stock units deemed to be dilutive.

(2)

Diluted earnings per share calculation excludes dividends for convertible preferred stock deemed to be dilutive, as those amounts are assumed to have been converted to common stock of the Company.