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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