Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v3.20.2
Earnings Per Share (Tables)
9 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Net Earnings Per Share

The following table presents the computation of basic and diluted net earnings per share:

 

 

 

Three Months Ended June 30,

 

 

Nine Months Ended June 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Basic

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

3,585

 

 

$

1,480

 

 

$

6,451

 

 

$

3,484

 

Less: preferred stock dividends

 

 

 

 

 

 

 

 

 

 

 

 

Net income applicable to common stock

 

$

3,585

 

 

$

1,480

 

 

$

6,451

 

 

$

3,484

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

1,646,836

 

 

 

1,886,445

 

 

 

1,735,416

 

 

 

1,919,221

 

Basic earnings per share

 

$

2.18

 

 

$

0.78

 

 

$

3.72

 

 

$

1.81

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income applicable to common stock

 

$

3,585

 

 

$

1,480

 

 

$

6,451

 

 

$

3,484

 

Add: preferred stock dividends

 

 

 

 

 

 

 

 

 

 

 

 

Net income applicable for diluted earnings per share

 

$

3,585

 

 

$

1,480

 

 

$

6,451

 

 

$

3,484

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

1,646,836

 

 

 

1,886,445

 

 

 

1,735,416

 

 

 

1,919,221

 

Add: Options

 

 

 

 

 

 

 

 

 

 

 

4,610

 

Add: Series B Preferred Stock

 

 

1,071,220

 

 

 

1,071,220

 

 

 

1,071,220

 

 

 

1,071,220

 

Add: Series B Preferred Stock Warrants

 

 

590,147

 

 

 

590,147

 

 

 

590,147

 

 

 

590,147

 

Add: Series E Preferred Stock

 

 

47,840

 

 

 

77,840

 

 

 

47,840

 

 

 

77,840

 

Assumed weighted average common shares outstanding

 

 

3,356,043

 

 

 

3,625,652

 

 

 

3,444,623

 

 

 

3,663,038

 

Diluted earnings per share

 

$

1.07

 

 

$

0.41

 

 

$

1.87

 

 

$

0.95