EARNINGS PER SHARE (Tables)

6 Months Ended

Mar. 31, 2018

EARNINGS PER SHARE

Schedule of net earnings per share available to common shareholders

	For the three months ended March
	2018				2017
	Basic		Diluted		Basic		Diluted
Weighted average common shares outstanding		689,480		689,480		678,938		678,938
Weighted average net additional shares outstanding assuming dilutive options exercised and proceeds used to purchase treasury stock and conversion of preferred stock (1)		—		7,926		—		9,078
Weighted average number of shares outstanding		689,480		697,406		678,938		688,016
Net income available to common shareholders	$	338,899	$	338,899	$	488,483	$	488,483
Net earnings per share available to common shareholders	$	0.49	$	0.49	$	0.72	$	0.71

(1) Diluted earnings per share calculation includes all stock options and restricted stock units deemed to be dilutive.

	For the six months ended March
	2018				2017
	Basic		Diluted		Basic		Diluted
Weighted average common shares outstanding		688,570		688,570		680,318		680,318
Weighted average net additional shares outstanding assuming dilutive options exercised and proceeds used to purchase treasury stock and conversion of preferred stock (1)		—		8,993		—		9,872
Weighted average number of shares outstanding		688,570		697,563		680,318		690,190
Net income available to common shareholders	$	1,818,990	$	1,818,990	$	1,534,947	$	1,534,947
Net earnings per share available to common shareholders	$	2.64	$	2.61	$	2.26	$	2.22

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