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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Sep. 30, 2016
Cash and cash equivalents:    
Cash and due from financial institutions $ 16,598 $ 16,686 [1]
Interest-bearing deposits in banks 118,872 92,255 [1]
Total cash and cash equivalents 135,470 108,941 [1]
Certificates of deposit (“CDs”) held for investment (at cost, which approximates fair value) 53,432 53,000 [1]
Investment securities held to maturity, at amortized cost (estimated fair value $8,134 and $8,395) 7,418 7,511 [1]
Investment securities available for sale, at fair value 1,288 1,342 [1]
Federal Home Loan Bank of Des Moines (“FHLB”) stock 2,204 2,204 [1]
Loans held for sale 2,008 3,604 [1]
Loans receivable, net of allowance for loan losses of $9,843 and $9,826 669,140 663,146 [1]
Premises and equipment, net 17,816 16,159 [1]
Other real estate owned (“OREO”) and other repossessed assets, net 3,254 4,117 [1]
Accrued interest receivable 2,443 2,348 [1]
Bank owned life insurance (“BOLI”) 18,858 18,721 [1]
Goodwill 5,650 5,650 [1]
Mortgage servicing rights (“MSRs”), net 1,706 1,573 [1]
Other assets 3,064 3,072 [1]
Total assets 923,751 891,388 [1]
Deposits:    
Non-interest-bearing demand 176,382 172,283 [1]
Interest-bearing 613,593 589,251 [1]
Total deposits 789,975 761,534 [1]
FHLB borrowings 30,000 30,000 [1]
Other liabilities and accrued expenses 4,142 3,020 [1]
Total liabilities 824,117 794,554 [1]
Shareholders’ equity    
Preferred stock, $.01 par value; 1,000,000 shares authorized; none issued 0 0 [2]
Common stock, $.01 par value; 50,000,000 shares authorized; 6,956,568 shares issued and outstanding - December 31, 2016 6,943,868 shares issued and outstanding - September 30, 2016 10,188 9,961 [2]
Unearned shares issued to Employee Stock Ownership Plan (“ESOP”) (595) (661) [2]
Retained earnings 90,230 87,709 [2]
Accumulated other comprehensive loss (189) (175) [2]
Total shareholders’ equity 99,634 96,834 [2]
Total liabilities and shareholders’ equity $ 923,751 $ 891,388 [2]
[1] Derived from audited consolidated financial statements.
[2] Derived from audited consolidated financial statements.