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Consolidated Statements of Cash Flows
$ in Thousands
 12 Months Ended
Sep. 30, 2016
USD ($)
property
Sep. 30, 2015
USD ($)
property
Sep. 30, 2014
USD ($)
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:      
Depreciation 1,328 1,356 1,244
Deferred federal income taxes 283 196 451
Amortization of core deposit intangible (CDI) 0 3 116
Earned ESOP shares 265 264 264
MRDP compensation expense 0 0 2
Stock option compensation expense 153 125 104
Stock option tax effect less excess tax benefit 12 1 4
(Gain) loss on sales of investment securities 0 (45) 32
Net OTTI (recoveries) on investment securities 168 13 (59)
Gain on sales of OREO and other repossessed assets, net (47) (110) (169)
Provision for OREO losses 435 644 605
Gain on sales of loans, net (1,781) (1,610) (1,013)
Loss (gain) on sales/dispositions of premises and equipment, net 7 (296) (7)
Recapture of loan losses 0 (1,525) 0
Loans originated for sale (57,354) (54,490) (31,320)
Proceeds from sales of loans 58,582 53,948 33,345
Amortization of MSRs 555 841 969
BOLI net earnings (551) (538) (530)
Increase in deferred loan origination fees 36 447 36
Net change in accrued interest receivable and other assets, and other liabilities and accrued expenses (592) 36 (1,301)
Net cash provided by operating activities 11,653 7,552 8,623
Cash flows from investing activities      
Net increase in CDs held for investment (4,389) (12,766) (5,803)
Purchase of investment securities held to maturity 0 (2,988) (3,003)
Proceeds from maturities and prepayments of investment securities held to maturity 489 509 583
Proceeds from maturities and prepayments of investment securities available for sale 53 242 355
Proceeds from sales of investment securities available for sale 0 1,219 856
Purchase of FHLB stock (105) 0 0
Proceeds from redemption of FHLB stock 600 2,547 206
Increase in loans receivable, net (59,212) (40,016) (23,522)
Additions to premises and equipment $ (640) $ (700) $ (1,189)
Capitalized improvements to OREO (4) (12) (47)
Proceeds from sales of OREO and other repossessed assets $ 3,798 $ 2,377 $ 7,065
Proceeds from sales/dispositions of premises and equipment 0 465 37
Net cash used in investing activities (59,548) (49,114) (24,462)
Cash flows from financing activities      
Net increase in deposits 82,622 63,796 6,854
Repayment of FHLB borrowings (15,000) 0 0
ESOP tax effect 139 72 64
MRDP compensation tax effect 0 0 2
Proceeds from exercise of stock options 159 30 23
Stock option excess tax benefit 25 1 4
Repurchase of preferred stock 0 0 (12,065)
Repurchase of common stock (820) (709) 0
Payment of dividends (2,578) (1,693) (1,185)
Net cash provided by (used in) financing activities 64,547 61,497 (6,303)
Net increase (decrease) in cash and cash equivalents 16,652 19,935 (22,142)
Beginning of period 92,289 72,354 94,496
End of period 108,941 92,289 72,354
Supplemental disclosure of cash flow information      
Income taxes paid 4,412 3,663 2,888
Interest paid 3,976 3,899 3,961
Supplemental disclosure of non-cash investing activities      
Loans transferred to OREO and other repossessed assets 307 2,120 6,108
Other comprehensive income 138 26 23
Loans originated to facilitate the sale of OREO $ 0 $ 450 $ 1,282