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FHLB Advances and Other Borrowings
 12 Months Ended
Sep. 30, 2014
Advances from Federal Home Loan Banks [Abstract]  
FHLB Advances and Other Borrowings
FHLB Advances and Other Borrowings

The Bank has long- and short-term borrowing lines with the FHLB with total credit on the lines equal to 25% of the Bank’s total assets, limited by available collateral.  Borrowings are considered short-term when the original maturity is less than one year.  The Bank had $45,000,000 of long-term FHLB advances outstanding at September 30, 2014 and 2013.  The long-term borrowings at September 30, 2014 mature at various dates during the 2017 fiscal year and bear interest at rates ranging from 3.69% to 4.34%. Under the Advances, Security and Deposit Agreement entered into with the FHLB ("FHLB Advance Agreement"), virtually all of the Bank’s assets, not otherwise encumbered, are pledged as collateral for advances. A portion of the long-term advances have a putable feature and may be called by the FHLB earlier than the scheduled maturities.

The Bank also has a variable letter of credit ("VLOC") of up to $5,000,000 with the FHLB for the purpose of collateralizing Washington State public deposits at September 30, 2014. Any amounts advanced by the FHLB on the VLOC will reduce the Bank's available borrowings under the FHLB Advance Agreement.

The Bank also maintains a short-term borrowing line with the FRB with total credit based on eligible collateral.  At September 30, 2014 the Bank had a borrowing capacity on this line of $39,842,000. The Bank had no outstanding balance on this line at September 30, 2014 and 2013.

The Bank has a short-term $10,000,000 overnight borrowing line with Pacific Coast Banker's Bank. The borrowing line may be reduced or withdrawn at any time. As of September 30, 2014 and 2013 the Bank did not have any outstanding advances on this borrowing line.

There were no short-term borrowings during the years ended September 30, 2014, 2013 and 2012.