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Federal Income Taxes | 12 Months Ended
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Sep. 30, 2017
Income Tax Disclosure [Abstract] |
Federal Income Taxes | Income Taxes The components of the provision for income taxes for the years ended September 30, 2017, 2016 and 2015 were as follows (dollars in thousands):
| 2017 |  |  | 2016 |  |  | 2015 |
Current: |  |  |  |  |
Federal | $ | 6,656 |  |  | $ | 4,618 |  |  | $ | 3,996 |
State | 35 |  |  | — |  |  | — |
Deferred | 385 |  |  | 283 |  |  | 196 |
Provision for income taxes | $ | 7,076 |  |  | $ | 4,901 |  |  | $ | 4,192 |
At September 30, 2017 the Company had income taxes receivable of $559,000, which is included in other assets in the accompanying 2017 consolidated balance sheet. 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. The components of the Company’s deferred tax assets and liabilities at September 30, 2017 and 2016 were as follows (dollars in thousands):
| 2017 |  |  | 2016 |
Deferred Tax Assets |  |  |
Allowance for loan losses | $ | 3,380 |  |  | $ | 3,508 |
Allowance for OREO losses | 443 |  |  | 519 |
Unearned ESOP shares | 148 |  |  | 224 |
CDI | 103 |  |  | 151 |
OTTI credit impairment on investment securities | 173 |  |  | 174 |
Accrued interest on loans | 29 |  |  | 31 |
Net unrealized losses on investment securities | 66 |  |  | 90 |
Deferred compensation and bonuses | 94 |  |  | 90 |
Reserve for loan commitments | 75 |  |  | 54 |
Other | 39 |  |  | 34 |
Total deferred tax assets | 4,550 |  |  | 4,875 |
Deferred Tax Liabilities |  |  |
Goodwill | 1,714 |  |  | 1,549 |
MSRs | 639 |  |  | 539 |
Depreciation | 480 |  |  | 403 |
FHLB stock dividends | 137 |  |  | 419 |
Prepaid expenses | 140 |  |  | 145 |
Other | 35 |  |  | 6 |
Total deferred tax liabilities | 3,145 |  |  | 3,061 |
Net deferred tax assets | $ | 1,405 |  |  | $ | 1,814 |
The provision for income taxes for the years ended September 30, 2017, 2016 and 2015 differs from that computed at the federal statutory corporate tax rate as follows (dollars in thousands):
| 2017 |  |  | 2016 |  |  | 2015 |
Expected federal income tax provision at statutory rate | $ | 7,435 |  |  | $ | 5,160 |  |  | $ | 4,268 |
BOLI income | (191 | ) |  | (189 | ) |  | (184 | )
Dividends on ESOP | (102 | ) |  | (83 | ) |  | (58 | )
Other - net | (66 | ) |  | 13 |  |  | 166 |
Provision for income taxes | $ | 7,076 |  |  | $ | 4,901 |  |  | $ | 4,192 |
No valuation allowance for net deferred tax assets was recorded as of September 30, 2017 and 2016, 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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- References No definition available. + Details
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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 740 -URI http://asc.fasb.org/topic&trid=2144680 + Details
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