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PARENT COMPANY FINANCIAL STATEMENTS (Tables) | 12 Months Ended
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Sep. 30, 2015
PARENT COMPANY FINANCIAL STATEMENTS [Abstract] |
Condensed Statements of Financial Condition | CONDENSED STATEMENTS OF FINANCIAL CONDITION
September 30, |  | 2015 |  |  | 2014 |
|  | (Dollars in Thousands) |
ASSETS |  |  |  |  |  |
Cash and cash equivalents |  | $ | 14,280 |  |  | $ | 9,439 |
Investment in subsidiaries |  |  | 267,623 |  |  |  | 175,568 |
Other assets |  |  | 408 |  |  |  | 393 |
Total assets |  | $ | 282,311 |  |  | $ | 185,400 |
LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |  |  |  |  |  |
LIABILITIES |  |  |  |  |  |  |  |
Subordinated debentures |  | $ | 10,310 |  |  | $ | 10,310 |
Other liabilities |  |  | 666 |  |  |  | 288 |
Total liabilities |  | $ | 10,976 |  |  | $ | 10,598 |
STOCKHOLDERS' EQUITY |  |  |  |  |  |  |  |
Common stock |  | $ | 82 |  |  | $ | 62 |
Additional paid-in capital |  |  | 170,749 |  |  |  | 95,079 |
Retained earnings |  |  | 98,359 |  |  |  | 83,797 |
Accumulated other comprehensive income (loss) |  |  | 2,455 |  |  |  | (3,409 | )
Treasury stock, at cost |  |  | (310 | ) |  |  | (727 | )
Total stockholders' equity |  | $ | 271,335 |  |  | $ | 174,802 |
Total liabilities and stockholders' equity |  | $ | 282,311 |  |  | $ | 185,400 |
Condensed Statements of Operations | CONDENSED STATEMENTS OF OPERATIONS
Years ended September 30, |  | 2015 |  |  | 2014 |  |  | 2013 |
|  | (Dollars in Thousands) |
Total other income |  | $ | - |  |  | $ | - |  |  | $ | - |
Interest expense |  |  | 418 |  |  |  | 348 |  |  |  | 469 |
Other expense |  |  | 269 |  |  |  | 770 |  |  |  | 941 |
Total expense |  |  | 687 |  |  |  | 1,118 |  |  |  | 1,410 |
Gain (loss) before income taxes and equity in undistributed net income of subsidiaries |  |  | (687 | ) |  |  | (1,118 | ) |  |  | (1,410 | )
Income tax benefit |  |  | (324 | ) |  |  | (422 | ) |  |  | (509 | )
Gain (loss) before equity in undistributed net income of subsidiaries |  |  | (363 | ) |  |  | (696 | ) |  |  | (901 | )
Equity in undistributed net income of subsidiaries |  |  | 18,418 |  |  |  | 16,409 |  |  |  | 14,319 |
Net income |  | $ | 18,055 |  |  | $ | 15,713 |  |  | $ | 13,418 |
Condensed Statements of Cash Flows | CONDENSED STATEMENTS OF CASH FLOWS
For the Years Ended September 30, |  | 2015 |  |  | 2014 |  |  | 2013 |
|  | (Dollars in Thousands) |
CASH FLOWS FROM OPERATING ACTIVITIES |  |  |  |  |  |  |  |  |
Net income |  | $ | 18,055 |  |  | $ | 15,713 |  |  | $ | 13,418 |
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 |  |  | (18,418 | ) |  |  | (16,409 | ) |  |  | (14,319 | )
Change in other assets |  |  | (15 | ) |  |  | 246 |  |  |  | 54 |
Change in other liabilities |  |  | 378 |  |  |  | (332 | ) |  |  | (339 | )
Net cash provided by (used in) operating activities |  |  | (0 | ) |  |  | (1,092 | ) |  |  | (1,186 | )
CASH FLOWS FROM INVESTING ACTIVITES |  |  |  |  |  |  |  |  |  |  |  |
Capital contributions to subsidiaries |  |  | (67,600 | ) |  |  | - |  |  |  | (6,000 | )
Net cash provided by (used in) investing activites |  |  | (67,600 | ) |  |  | - |  |  |  | (6,000 | )
CASH FLOWS FROM FINANCING ACTIVITIES |  |  |  |  |  |  |  |  |  |  |  |
Cash dividends paid |  |  | (3,493 | ) |  |  | (3,184 | ) |  |  | (2,926 | )
Stock compensation |  |  | 253 |  |  |  | 4 |  |  |  | 165 |
Proceeds from issuance of common stock |  |  | 75,471 |  |  |  | (51 | ) |  |  | 12,718 |
Proceeds from exercise of stock options |  |  | 210 |  |  |  | 2,376 |  |  |  | 2,548 |
Other, net |  |  | - |  |  |  | - |  |  |  | (38 | )
Net cash provided by (used in) financing activities |  |  | 72,441 |  |  |  | (855 | ) |  |  | 12,467 |
Net change in cash and cash equivalents |  | $ | 4,841 |  |  | $ | (1,947 | ) |  | $ | 5,281 |
CASH AND CASH EQUIVALENTS |  |  |  |  |  |  |  |  |  |  |  |
Beginning of year |  | $ | 9,439 |  |  | $ | 11,386 |  |  | $ | 6,105 |
End of year |  | $ | 14,280 |  |  | $ | 9,439 |  |  | $ | 11,386 |

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