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LEASE COMMITMENTS | 12 Months Ended
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Sep. 30, 2018
Leases [Abstract] |
LEASE COMMITMENTS | LEASE COMMITMENTS The Company has leased property under various non-cancelable operating lease agreements which expire at various times through 2037, and require annual rentals ranging from $400 to $789,000 plus the payment of property taxes, normal maintenance, and insurance on certain properties. The Company also entered into capital lease agreements during the fiscal year ended September 30, 2015, for building and equipment expiring at various times through fiscal year 2035. Amortization expense for these capital leases was $0.1 million for the fiscal year ended September 30, 2018, and included in interest expense. In November 2014, the Company entered into a sale-leaseback transaction for one of its community bank locations in the Des Moines area. This lease meets the requirements of a capital lease and has been reflected as such in the financial statements. The original term of the lease is 20 years and does not contain any penalties for failure to renew after the initial 20 year term where guarantees or loans from the lessee to the lessor are expected to be outstanding. The Company has the option to extend the lease for four additional five year terms at the conclusion of the original lease term. The following table shows the total minimum rental commitment for the Company's operating and capital leases for each of the years presented below as of September 30, 2018.
| Year Ended September 30,
| (Dollars in Thousands)
| Operating Leases |  | Capital Leases
2019 | $ | 3,854 |  |  | $ | 179 |
2020 | 3,656 |  |  | 182 |
2021 | 3,429 |  |  | 182 |
2022 | 2,955 |  |  | 182 |
2023 | 2,561 |  |  | 182 |
Thereafter | 21,428 |  |  | 2,058 |
Total Leases Commitments | $ | 37,883 |  |  | $ | 2,965 |
Amounts representing interest |  |  |  | $ | 1,089 |
Present value of net minimum lease payments |  |  |  | 1,876 |

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- Definition The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -URI http://asc.fasb.org/topic&trid=2208923 + Details
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