XML 55 R42.htm IDEA: XBRL DOCUMENT
v3.6.0.2

INCOME TAXES (Tables) | 12 Months Ended
--- | ---
Sep. 30, 2016
Income Tax Disclosure [Abstract] |
Provision for Income Taxes | The Company and its subsidiaries file a consolidated federal income tax return on a fiscal year basis. The provision for income taxes consists of:
Years ended September 30, | 2016 |  | 2015 |  | 2014
| (Dollars in Thousands)
Federal: |  |  |  |  |
Current | $ | 4,410 |  |  | $ | 4,217 |  |  | $ | 3,787 |
Deferred | (440 | ) |  | (3,896 | ) |  | (1,765 | )
| 3,970 |  |  | 321 |  |  | 2,022 |
State: |  |  |  |  |  |  |  |
Current | 1,422 |  |  | 1,048 |  |  | 874 |
Deferred | 210 |  |  | (1 | ) |  | 10 |
| 1,632 |  |  | 1,047 |  |  | 884 |
Income tax expense | $ | 5,602 |  |  | $ | 1,368 |  |  | $ | 2,906 |
Reconciliation of Total Income Tax Expense | Total income tax expense differs from the statutory federal income tax rate as follows:
Years ended September 30, | 2016 |  | 2015 |  | 2014
| (Dollars in Thousands)
Income tax expense at federal tax rate | $ | 13,588 |  |  | $ | 6,798 |  |  | $ | 6,517 |
Increase (decrease) resulting from: |  |  |  |  |  |  |  |
State income taxes net of federal benefit | 933 |  |  | 692 |  |  | 575 |
Nontaxable buildup in cash surrender value | (580 | ) |  | (711 | ) |  | (399 | )
Incentive stock option expense | (66 | ) |  | (37 | ) |  | (187 | )
Tax exempt income | (8,257 | ) |  | (5,230 | ) |  | (3,594 | )
Nondeductible expenses | 196 |  |  | 188 |  |  | 120 |
Other, net | (212 | ) |  | (332 | ) |  | (126 | )
Total income tax expense | $ | 5,602 |  |  | $ | 1,368 |  |  | $ | 2,906 |
Components of Net Deferred Tax Asset (Liability) | The components of the net deferred tax asset (liability) at September 30, 2016 and 2015 are:
September 30, | 2016 |  | 2015
| (Dollars in Thousands)
Deferred tax assets: |  |  |
Bad debts | $ | 2,044 |  |  | $ | 2,286 |
Deferred compensation | 1,345 |  |  | 1,040 |
Stock based compensation | 165 |  |  | 235 |
Operational reserve | 540 |  |  | 453 |
AMT Credit | 5,563 |  |  | 4,490 |
Intangibles | 393 |  |  | 573 |
Indirect tax benefits of unrecognized tax positions | 216 |  |  | 384 |
Other assets | 1,462 |  |  | 1,293 |
| 11,728 |  |  | 10,754 |
Deferred tax liabilities: |  |  |  |  |
FHLB stock dividend | (411 | ) |  | (414 | )
Premises and equipment | (1,913 | ) |  | (1,222 | )
Patents | (988 | ) |  | (967 | )
Prepaid expenses | (668 | ) |  | (633 | )
Net unrealized gains on securities available for sale | (12,348 | ) |  | (521 | )
| (16,328 | ) |  | (3,757 | )
Net deferred tax assets (liabilities) | $ | (4,600 | ) |  | $ | 6,997 |
Reconciliation of Liabilities Associated with Unrecognized Tax Benefits | A reconciliation of the beginning and ending balances for liabilities associated with unrecognized tax benefits for the years ended September 30, 2016, and 2015 follows:
September 30, | 2016 |  |  | 2015 |
| (Dollars in Thousands)
Balance at beginning of year | $ | 974 |  |  | $ | 983 |
Additions for tax positions related to the current year | 63 |  |  | 49 |
Additions for tax positions related to the prior years | — |  |  | 4 |
Reductions for tax positions due to settlement with taxing authorities | (372 | ) |  | (62 | )
Reductions for tax positions related to prior years | (140 | ) |  | — |
Balance at end of year | $ | 525 |  |  | $ | 974 |

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=65882285&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in unrecognized tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 55 -Paragraph 217 -URI http://asc.fasb.org/extlink&oid=75116239&loc=d3e36027-109320 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=65882285&loc=SL6600010-109319 + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration