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PARENT COMPANY FINANCIAL STATEMENTS (Tables) | 12 Months Ended
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Sep. 30, 2014
PARENT COMPANY FINANCIAL STATEMENTS [Abstract] |
Condensed Statements of Financial Condition | CONDENSED STATEMENTS OF FINANCIAL CONDITION
September 30, |  | 2014 |  |  | 2013 |
|  | (Dollars in Thousands) |
ASSETS |  |  |  |  |  |
Cash and cash equivalents |  | $ | 9,439 |  |  | $ | 11,386 |
Investment in subsidiaries |  |  | 175,568 |  |  |  | 142,199 |
Other assets |  |  | 393 |  |  |  | 329 |
Total assets |  | $ | 185,400 |  |  | $ | 153,914 |
LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |  |  |  |  |  |
LIABILITIES |  |  |  |  |  |  |  |
Subordinated debentures |  | $ | 10,310 |  |  | $ | 10,310 |
Other liabilities |  |  | 288 |  |  |  | 620 |
Total liabilities |  | $ | 10,598 |  |  | $ | 10,930 |
STOCKHOLDERS' EQUITY |  |  |  |  |  |  |  |
Common stock |  |  | 62 |  |  |  | 61 |
Additional paid-in capital |  |  | 95,079 |  |  |  | 92,963 |
Retained earnings |  |  | 83,797 |  |  |  | 71,268 |
Accumulated other comprehensive income (loss) |  |  | (3,409 | ) |  |  | (20,285 | )
Treasury stock, at cost |  |  | (727 | ) |  |  | (1,023 | )
Total stockholders' equity |  | $ | 174,802 |  |  | $ | 142,984 |
Total liabilities and stockholders' equity |  | $ | 185,400 |  |  | $ | 153,914 |
Condensed Statements of Operations | CONDENSED STATEMENTS OF OPERATIONS
Years ended September 30, |  | 2014 |  |  | 2013 |  |  | 2012 |
|  | (Dollars in Thousands) |
Total other income |  | $ | - |  |  | $ | - |  |  | $ | 25 |
Interest expense |  |  | 348 |  |  |  | 469 |  |  |  | 482 |
Other expense |  |  | 770 |  |  |  | 941 |  |  |  | 209 |
Total expense |  |  | 1,118 |  |  |  | 1,410 |  |  |  | 691 |
Loss before income taxes and equity in undistributed net income of subsidiaries |  |  | (1,118 | ) |  |  | (1,410 | ) |  |  | (666 | )
Income tax benefit |  |  | (422 | ) |  |  | (509 | ) |  |  | (275 | )
Loss before equity in undistributed net income of subsidiaries |  |  | (696 | ) |  |  | (901 | ) |  |  | (391 | )
Equity in undistributed net income of subsidiaries |  |  | 16,409 |  |  |  | 14,319 |  |  |  | 17,505 |
Net income |  | $ | 15,713 |  |  | $ | 13,418 |  |  | $ | 17,114 |
Condensed Statements of Cash Flows | CONDENSED STATEMENTS OF CASH FLOWS
For the Years Ended September 30, |  | 2014 |  |  | 2013 |  |  | 2012 |
|  | (Dollars in Thousands) |
CASH FLOWS FROM OPERATING ACTIVITIES |  |  |  |  |  |  |  |  |
Net income |  | $ | 15,713 |  |  | $ | 13,418 |  |  | $ | 17,114 |
Adjustments to reconcile net income to net cash provided by (used in) operating activites |  |  |  |  |  |  |  |  |  |  |  |
Depreciation, amortization and accretion, net |  |  | (310 | ) |  |  | - |  |  |  | - |
Equity in undistributed net income of subsidiaries |  |  | (16,409 | ) |  |  | (14,319 | ) |  |  | (17,505 | )
Change in other assets |  |  | 246 |  |  |  | 54 |  |  |  | 498 |
Change in other liabilities |  |  | (332 | ) |  |  | (339 | ) |  |  | 865 |
Net cash provided by (used in) operating activities |  |  | (1,092 | ) |  |  | (1,186 | ) |  |  | 972 |
CASH FLOWS FROM INVESTING ACTIVITES |  |  |  |  |  |  |  |  |  |  |  |
Capital contributions to subsidiaries |  |  | - |  |  |  | (6,000 | ) |  |  | (42,482 | )
Net cash provided by (used in)investing activites |  |  | - |  |  |  | (6,000 | ) |  |  | (42,482 | )
CASH FLOWS FROM FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |
Cash dividends paid |  |  | (3,184 | ) |  |  | (2,926 | ) |  |  | (1,832 | )
Stock compensation |  |  | 4 |  |  |  | 165 |  |  |  | 27 |
Proceeds from issuance of common stock |  |  | (51 | ) |  |  | 12,718 |  |  |  | 47,796 |
Proceeds from exercise of stock options |  |  | 2,376 |  |  |  | 2,548 |  |  |  | - |
Other, net |  |  | - |  |  |  | (38 | ) |  |  | - |
Net cash provided by (used in) financing activities |  |  | (855 | ) |  |  | 12,467 |  |  |  | 45,991 |
Net change in cash and cash equivalents |  | $ | (1,947 | ) |  | $ | 5,281 |  |  | $ | 4,481 |
CASH AND CASH EQUIVALENTS |  |  |  |  |  |  |  |  |  |  |  |
Beginning of year |  | $ | 11,386 |  |  | $ | 6,105 |  |  | $ | 1,624 |
End of year |  | $ | 9,439 |  |  | $ | 11,386 |  |  | $ | 6,105 |

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