XML 14 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Income - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2017
Mar. 31, 2016
Interest and dividend income        
Loans receivable and loans held for sale $ 8,840 $ 8,306 $ 17,628 $ 16,735
Investment securities 68 74 138 143
Dividends from mutual funds and FHLB stock 12 39 37 61
Interest-bearing deposits in banks and CDs 379 231 660 402
Total interest and dividend income 9,299 8,650 18,463 17,341
Interest expense        
Deposits 545 507 1,088 1,012
FHLB borrowings 302 472 610 948
Total interest expense 847 979 1,698 1,960
Net interest income 8,452 7,671 16,765 15,381
Recapture of loan losses (250) 0 (250) 0
Net interest income after recapture of loan losses 8,702 7,671 17,015 15,381
Non-interest income        
Other than temporary impairment (OTTI) on investment securities 0 (24) 0 (24)
Adjustment for portion of OTTI recorded as other comprehensive income (loss) before income taxes 0 1 0 1
Net OTTI on investment securities 0 (23) 0 (23)
Service charges on deposits 1,090 937 2,195 1,909
ATM and debit card interchange transaction fees 793 710 1,593 1,409
BOLI net earnings 136 137 273 273
Gain on sales of loans, net 406 393 1,095 787
Escrow fees 64 49 140 89
Servicing income on loans sold 99 55 196 120
Other, net 263 255 576 467
Total non-interest income, net 2,851 2,513 6,068 5,031
Non-interest expense        
Salaries and employee benefits 3,755 3,466 7,435 6,936
Premises and equipment 776 771 1,531 1,531
Advertising 167 193 329 398
OREO and other repossessed assets, net (12) 195 18 438
ATM and debit card interchange transaction fees 350 331 662 653
Postage and courier 120 110 214 211
State and local taxes 152 138 308 270
Professional fees 199 117 399 247
Federal Deposit Insurance Corporation (FDIC) insurance 107 127 221 234
Loan administration and foreclosure (1) 95 93 124
Data processing and telecommunications 464 474 914 924
Deposit operations 240 234 549 406
Other 540 378 995 735
Total non-interest expense 6,857 6,629 13,668 13,107
Income before federal income taxes 4,696 3,555 9,415 7,305
Provision for federal income taxes 1,568 1,175 3,140 2,397
Net income $ 3,128 $ 2,380 $ 6,275 $ 4,908
Net income per common share        
Basic (in dollars per share) $ 0.44 $ 0.35 $ 0.90 $ 0.72
Diluted (in dollars per share) $ 0.42 $ 0.34 $ 0.86 $ 0.69
Weighted average common shares outstanding        
Basic (in shares) 7,135,083 6,846,527 6,997,420 6,858,190
Diluted (in shares) 7,379,353 7,080,005 7,306,644 7,081,945
Dividends paid per common share (in dollars per share) $ 0.11 $ 0.08 $ 0.20 $ 0.2