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Condensed Financial Information - Parent Company Only
 12 Months Ended
Sep. 30, 2017
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, 2017 and 2016
(dollars in thousands)
 
2017

 
2016

Assets
 
 
 
Cash and cash equivalents:
 
 
 
Cash and due from financial institutions
$
485

 
$
278

Interest-bearing deposits in banks
1,797

 
1,029

      Total cash and cash equivalents
2,282

 
1,307

 
 
 
 
Loan receivable from ESOP
821

 
1,314

Investment in Bank
107,957

 
94,240

Other assets
14

 
13

Total assets
$
111,074

 
$
96,874

 
 
 
 
Liabilities and shareholders’ equity
 

 
 

Accrued expenses
$
74

 
$
40

Shareholders’ equity
111,000

 
96,834

Total liabilities and shareholders’ equity
$
111,074

 
$
96,874




Condensed Statements of Income - Years Ended September 30, 2017, 2016 and 2015
(dollars in thousands)
 
2017

 
2016

 
2015

Operating income
 
 
 
 
 
Interest on deposits in banks
$
27

 
$
3

 
$
—

Interest on loan receivable from ESOP
96

 
136

 
173

Dividends from Bank
1,390

 
3,039

 
2,698

Total operating income
1,513

 
3,178

 
2,871

 
 
 
 
 
 
Operating expenses
467

 
430

 
445

 
 
 
 
 
 
Income before income taxes and equity in undistributed
    income of Bank
1,046

 
2,748

 
2,426

Benefit for income taxes
(385
)
 
(183
)
 
(150
)
 
 
 
 
 
 
Income before undistributed income of Bank
1,431

 
2,931

 
2,576

 
 
 
 
 
 
Equity in undistributed income of Bank
    
12,736

 
7,223

 
5,716

Net income
14,167

 
10,154

 
8,292


Condensed Statements of Cash Flows - Years Ended September 30, 2017, 2016 and 2015
(dollars in thousands)
 
2017

 
2016

 
2015

Cash flows from operating activities
 
 
 
 
 
Net income
$
14,167

 
$
10,154

 
$
8,292

  Adjustments to reconcile net income to net cash provided by operating activities:
   
 

 
 

 
 

   Equity in undistributed income of Bank
(12,736
)
 
(7,223
)
 
(5,716
)
Earned ESOP shares
605

 
404

 
336

Stock option compensation expense
156

 
190

 
127

Other, net
33

 
(65
)
 
162

Net cash provided by operating activities
2,225

 
3,460

 
3,201

 
 
 
 
 
 
Cash flows from investing activities
 

 
 

 
 

Investment in Bank
(930
)
 
(616
)
 
(491
)
Principal repayments on loan receivable from ESOP
493

 
452

 
417

Net cash used in investing activities
(437
)
 
(164
)
 
(74
)
 
 
 
 
 
 
Cash flows from financing activities
 

 
 

 
 

Proceeds from exercise of stock options
332

 
159

 
30

Proceeds from exercise of stock warrant
2,496

 
—

 
—

Repurchase of common stock
—

 
(820
)
 
(709
)
Payment of dividends
(3,641
)
 
(2,578
)
 
(1,693
)
Net cash used in financing activities
(813
)
 
(3,239
)
 
(2,372
)
 
 
 
 
 
 
Net increase in cash and cash equivalents
975

 
57

 
755

 
 
 
 
 
 
Cash and cash equivalents
 

 
 

 
 

Beginning of period
1,307

 
1,250

 
495

End of period
$
2,282

 
$
1,307

 
$
1,250