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Federal Income Taxes | 12 Months Ended
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Sep. 30, 2016
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, 2016, 2015 and 2014 were as follows (dollars in thousands):
| 2016 |  |  | 2015 |  |  | 2014 |
Current | $ | 4,618 |  |  | $ | 3,996 |  |  | $ | 2,349 |
Deferred | 283 |  |  | 196 |  |  | 451 |
Provision | $ | 4,901 |  |  | $ | 4,192 |  |  | $ | 2,800 |
At September 30, 2016 the Company had income taxes payable of $197,000, which is included in other liabilities in the accompanying 2016 consolidated balance sheet. At September 30, 2015 the company had income taxes receivable of $92,000, which is included in other assets in the accompanying 2015 consolidated balance sheet. The components of the Company’s deferred tax assets and liabilities at September 30, 2016 and 2015 were as follows (dollars in thousands):
| 2016 |  |  | 2015 |
Deferred Tax Assets |  |  |
Allowance for loan losses | $ | 3,508 |  |  | $ | 3,483 |
Allowance for OREO losses | 519 |  |  | 564 |
Unearned ESOP shares | 224 |  |  | 255 |
CDI | 151 |  |  | 201 |
OTTI credit impairment on investment securities | 174 |  |  | 176 |
Accrued interest on loans | 31 |  |  | 130 |
Net unrealized losses on investment securities | 90 |  |  | 114 |
Other | 178 |  |  | 164 |
Total deferred tax assets | 4,875 |  |  | 5,087 |
Deferred Tax Liabilities |  |  |
Goodwill | 1,549 |  |  | 1,417 |
MSRs | 539 |  |  | 505 |
Depreciation | 403 |  |  | 464 |
FHLB stock dividends | 419 |  |  | 447 |
Prepaid expenses | 145 |  |  | 125 |
Other | 6 |  |  | 8 |
Total deferred tax liabilities | 3,061 |  |  | 2,966 |
Net deferred tax assets | $ | 1,814 |  |  | $ | 2,121 |
The provision for federal income taxes for the years ended September 30, 2016, 2015 and 2014 differs from that computed at the statutory corporate tax rate as follows (dollars in thousands):
| 2016 |  |  | 2015 |  |  | 2014 |
Expected tax provision at statutory rate | $ | 5,160 |  |  | $ | 4,268 |  |  | $ | 2,941 |
BOLI income | (189 | ) |  | (184 | ) |  | (180 | )
Dividends on ESOP | (83 | ) |  | (58 | ) |  | (41 | )
Other - net | 13 |  |  | 166 |  |  | 80 |
Provision for federal income taxes | $ | 4,901 |  |  | $ | 4,192 |  |  | $ | 2,800 |
No valuation allowance for net deferred tax assets was recorded as of September 30, 2016 and 2015, as management believes that it is more likely than not that all of the net deferred tax assets will be realized based on management's expectations of future taxable income and/or because they were supported by recoverable taxes paid in prior years.

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- 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 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 2: 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=65882285&loc=d3e32559-109319 Reference 3: 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=65882285&loc=d3e32718-109319 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=65882285&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=65882285&loc=d3e32537-109319 + Details
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