XML 136 R22.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Federal Income Taxes | 12 Months Ended
--- | ---
Sep. 30, 2013
Income Tax Disclosure [Abstract] |
Federal Income Taxes | Federal Income Taxes The components of the provision for federal income taxes for the years ended September 30, 2013, 2012 and 2011 were as follows (dollars in thousands):
| 2013 |  |  | 2012 |  |  | 2011 |
Current | $ | 1,737 |  |  | $ | 1,627 |  |  | $ | 148 |
Deferred | 777 |  |  | 154 |  |  | 156 |
Provision | $ | 2,514 |  |  | $ | 1,781 |  |  | $ | 304 |
At September 30, 2013 and 2012, the Company had income taxes receivable of $80,000 and $708,000, respectively, which are included in other assets in the accompanying consolidated balance sheets. The components of the Company’s deferred tax assets and liabilities at September 30, 2013 and 2012 were as follows (dollars in thousands):
| 2013 |  |  | 2012 |
Deferred Tax Assets |  |  |
Accrued interest on loans | $ | 83 |  |  | $ | 278 |
Unearned ESOP shares | 282 |  |  | 301 |
Allowance for loan losses | 4,018 |  |  | 4,293 |
Allowance for OREO losses | 794 |  |  | 516 |
CDI | 259 |  |  | 264 |
Unearned MRDP shares | 8 |  |  | 25 |
Net unrealized securities losses | 139 |  |  | 192 |
Capital loss carry-forward | — |  |  | 677 |
OTTI credit impairment | 198 |  |  | 194 |
Other | 166 |  |  | 156 |
Total deferred tax assets | 5,947 |  |  | 6,896 |
| 2013 |  |  | 2012 |
Deferred Tax Liabilities |  |  |
FHLB stock dividends | $ | 840 |  |  | $ | 874 |
Depreciation | 147 |  |  | 294 |
Goodwill | 1,153 |  |  | 1,024 |
MSR's | 770 |  |  | 683 |
Prepaid expenses | 233 |  |  | 172 |
Other | 11 |  |  | 13 |
Total deferred tax liabilities | 3,154 |  |  | 3,060 |
Valuation allowance for capital loss on sale of securities | — |  |  | (213 | )
Net deferred tax assets | $ | 2,793 |  |  | $ | 3,623 |
The provision for federal income taxes for the years ended September 30, 2013, 2012 and 2011 differs from that computed at the statutory corporate tax rate as follows (dollars in thousands):
| 2013 |  |  | 2012 |  |  | 2011 |
Expected tax provision at statutory rate | $ | 2,472 |  |  | $ | 2,166 |  |  | $ | 474 |
BOLI income | (196 | ) |  | (206 | ) |  | (175 | )
Change in estimated utilization of net capital loss carry-forward | 281 |  |  | (208 | ) |  | — |
Dividends on ESOP | (24 | ) |  | — |  |  | — |
Other - net | (19 | ) |  | 29 |  |  | 5 |
Provision for federal income taxes | $ | 2,514 |  |  | $ | 1,781 |  |  | $ | 304 |
During the year ended September 30, 2012, the Company adjusted its valuation allowance for deferred taxes to reflect anticipated tax strategies to utilize a capital loss carry-forward related to a previous redemption in kind of investment securities. During the year ended September 30, 2013, the Company utilized $183,000 of the capital loss carry-forward and wrote-off the remaining portion of the related deferred tax asset and valuation allowance due to the expiration of the capital loss carry-forward period.

X
- Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)) -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph h -Article 4 Reference 4: 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=6907707&loc=d3e32639-109319 Reference 5: 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=6907707&loc=d3e32537-109319 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 109 -Paragraph 136, 172 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 109 -Paragraph 43, 44, 45, 46, 47, 48, 49 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
Name: | us-gaap_IncomeTaxDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration