XML 39 R26.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Condensed Financial Information - Parent Company Only | 12 Months Ended
--- | ---
Sep. 30, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract] |
Condensed Financial Information - Parent Company Only | Condensed Financial Information - Parent Company Only Condensed Balance Sheets - September 30, 2016 and 2015 (dollars in thousands)
| 2016 |  |  | 2015 |
Assets |  |  |
Cash and cash equivalents: |  |  |
Cash and due from financial institutions | $ | 278 |  |  | $ | 439 |
Interest-bearing deposits in banks | 1,029 |  |  | 811 |
Total cash and cash equivalents | 1,307 |  |  | 1,250 |
Loan receivable from ESOP | 1,314 |  |  | 1,766 |
Investment in Bank | 94,240 |  |  | 86,263 |
Other assets | 13 |  |  | 13 |
Total assets | $ | 96,874 |  |  | $ | 89,292 |
Liabilities and shareholders’ equity |  |  |  |  |
Accrued expenses | $ | 40 |  |  | $ | 105 |
Shareholders’ equity | 96,834 |  |  | 89,187 |
Total liabilities and shareholders’ equity | $ | 96,874 |  |  | $ | 89,292 |
Condensed Statements of Income - Years Ended September 30, 2016, 2015 and 2014 (dollars in thousands)
| 2016 |  |  | 2015 |  |  | 2014 |
Operating income |  |  |  |  |
Interest on deposits in banks | $ | 3 |  |  | $ | — |  |  | $ | — |
Interest on loan receivable from ESOP | 136 |  |  | 173 |  |  | 206 |
Dividends from Bank | 3,039 |  |  | 2,698 |  |  | 13,190 |
Total operating income | 3,178 |  |  | 2,871 |  |  | 13,396 |
Operating expenses | 430 |  |  | 445 |  |  | 409 |
Income before income taxes and equity in undistributed income of Bank | 2,748 |  |  | 2,426 |  |  | 12,987 |
Benefit for income taxes | (183 | ) |  | (150 | ) |  | (110 | )
Income before undistributed income of Bank | 2,931 |  |  | 2,576 |  |  | 13,097 |
Equity in undistributed income of Bank (dividends in excess of income of Bank) | 7,223 |  |  | 5,716 |  |  | (7,247 | )
Net income | 10,154 |  |  | 8,292 |  |  | 5,850 |
Preferred stock dividends | — |  |  | — |  |  | (136 | )
Preferred stock discount accretion | — |  |  | — |  |  | (70 | )
Net income to common shareholders | $ | 10,154 |  |  | $ | 8,292 |  |  | $ | 5,644 |
Condensed Statements of Cash Flows - Years Ended September 30, 2016, 2015 and 2014 (dollars in thousands)
| 2016 |  |  | 2015 |  |  | 2014 |
Cash flows from operating activities |  |  |  |  |
Net income | $ | 10,154 |  |  | $ | 8,292 |  |  | $ | 5,850 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |  |  |
(Equity in undistributed income of Bank) dividends in excess of income of Bank | (7,223 | ) |  | (5,716 | ) |  | 7,247 |
Earned ESOP shares | 265 |  |  | 264 |  |  | 264 |
MRDP compensation expense | — |  |  | — |  |  | 2 |
Stock option compensation expense | 153 |  |  | 125 |  |  | 104 |
Stock option tax effect less excess tax benefit | 12 |  |  | 1 |  |  | 4 |
Other, net | (65 | ) |  | 162 |  |  | (247 | )
Net cash provided by operating activities | 3,296 |  |  | 3,128 |  |  | 13,224 |
Cash flows from investing activities |  |  |  |  |  |  |  |
Investment in Bank | (616 | ) |  | (491 | ) |  | (459 | )
Principal repayments on loan receivable from Bank | 452 |  |  | 417 |  |  | 382 |
Net cash used in investing activities | (164 | ) |  | (74 | ) |  | (77 | )
Cash flows from financing activities |  |  |  |  |  |  |  |
ESOP tax effect | 139 |  |  | 72 |  |  | 64 |
MRDP compensation tax effect | — |  |  | — |  |  | 2 |
Stock option excess tax benefit | 25 |  |  | 1 |  |  | 4 |
Proceeds from exercise of stock options | 159 |  |  | 30 |  |  | 23 |
Repurchase of preferred stock | — |  |  | — |  |  | (12,065 | )
Repurchase of common stock | (820 | ) |  | (709 | ) |  | — |
Payment of dividends | (2,578 | ) |  | (1,693 | ) |  | (1,185 | )
Net cash used in financing activities | (3,075 | ) |  | (2,299 | ) |  | (13,157 | )
Net increase (decrease) in cash and cash equivalents | 57 |  |  | 755 |  |  | (10 | )
Cash and cash equivalents |  |  |  |  |  |  |  |
Beginning of period | 1,250 |  |  | 495 |  |  | 505 |
End of period | $ | 1,307 |  |  | $ | 1,250 |  |  | $ | 495 |

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

X
- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.7-05(c)(Schedule II)) -URI http://asc.fasb.org/extlink&oid=6879921&loc=d3e569147-122900 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=68079674&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 235 -Section S99 -Paragraph 2 -Subparagraph (SX 210.9-06) -URI http://asc.fasb.org/extlink&oid=6882215&loc=d3e537971-122884 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(c)(Schedule I)) -URI http://asc.fasb.org/extlink&oid=27047687&loc=d3e5864-122674 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 + Details
Name: | us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration