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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Interest and dividend income    
Loans receivable and loans held for sale $ 8,788 $ 8,429
Investment securities 70 69
Dividends from mutual funds and FHLB stock 24 22
Interest-bearing deposits in banks and CDs 281 171
Total interest and dividend income 9,163 8,691
Interest expense    
Deposits 543 504
FHLB borrowings 307 477
Total interest expense 850 981
Net interest income 8,313 7,710
Provision for loan losses 0 0
Net interest income after provision for loan losses 8,313 7,710
Non-interest income    
Service charges on deposits 1,105 972
ATM and debit card interchange transaction fees 800 700
BOLI net earnings 137 136
Gain on sales of loans, net 689 394
Escrow fees 76 41
Servicing income on loans sold 97 65
Other, net 312 210
Total non-interest income, net 3,216 2,518
Non-interest expense    
Salaries and employee benefits 3,680 3,471
Premises and equipment 755 760
Advertising 162 205
OREO and other repossessed assets, net 30 244
ATM and debit card interchange transaction fees 311 322
Postage and courier 95 100
State and local taxes 155 132
Professional fees 201 130
Federal Deposit Insurance Corporation (FDIC) insurance 113 107
Loan administration and foreclosure 94 29
Data processing and telecommunications 450 450
Deposit operations 309 172
Other 455 357
Total non-interest expense 6,810 6,479
Income before federal income taxes 4,719 3,749
Provision for federal income taxes 1,572 1,221
Net income $ 3,147 $ 2,528
Net income per common share    
Basic (in dollars per share) $ 0.46 $ 0.37
Diluted (in dollars per share) $ 0.43 $ 0.36
Weighted average common shares outstanding    
Basic (in shares) 6,862,749 6,869,726
Diluted (in shares) 7,235,515 7,083,864
Dividends paid per common share (in dollars per share) $ 0.09 $ 0.12