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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Interest and dividend income        
Loans receivable and loans held for sale $ 9,652 $ 8,257 $ 27,280 $ 24,992
Investment securities 69 70 207 213
Dividends from mutual funds, other investments and FHLB stock 23 22 60 83
Interest-bearing deposits in banks and CDs 421 247 1,081 649
Total interest and dividend income 10,165 8,596 28,628 25,937
Interest expense        
Deposits 549 508 1,637 1,520
FHLB borrowings 369 472 979 1,420
Total interest expense 918 980 2,616 2,940
Net interest income 9,247 7,616 26,012 22,997
Recapture of loan losses (1,000) 0 (1,250) 0
Net interest income after recapture of loan losses 10,247 7,616 27,262 22,997
Non-interest income        
Other than temporary impairment (OTTI) on investment securities 0 (4) 0 (27)
Adjustment for portion of OTTI transferred from other comprehensive income before income taxes 0 0 0 (1)
Net OTTI on investment securities 0 (4) 0 (28)
Service charges on deposits 1,153 989 3,348 2,898
ATM and debit card interchange transaction fees 855 778 2,448 2,187
BOLI net earnings 133 137 406 410
Gain on sales of loans, net 561 443 1,656 1,230
Escrow fees 51 64 191 153
Servicing income on loans sold 106 60 302 180
Other, net 297 282 873 750
Total non-interest income, net 3,156 2,749 9,224 7,780
Non-interest expense        
Salaries and employee benefits 3,741 3,397 11,176 10,333
Premises and equipment 767 774 2,298 2,305
Advertising 170 192 499 590
OREO and other repossessed assets, net 4 123 22 561
ATM and debit card interchange transaction fees 375 337 1,036 990
Postage and courier 109 98 324 309
State and local taxes 176 141 484 410
Professional fees 230 202 629 449
Federal Deposit Insurance Corporation (FDIC) insurance 99 100 319 334
Loan administration and foreclosure 20 92 113 216
Data processing and telecommunications 480 470 1,394 1,394
Deposit operations 301 232 850 638
Other 466 410 1,462 1,146
Total non-interest expense 6,938 6,568 20,606 19,675
Income before federal income taxes 6,465 3,797 15,880 11,102
Provision for federal income taxes 2,188 1,250 5,328 3,647
Net income $ 4,277 $ 2,547 $ 10,552 $ 7,455
Net income per common share        
Basic (in dollars per share) $ 0.59 $ 0.37 $ 1.49 $ 1.09
Diluted (in dollars per share) $ 0.58 $ 0.36 $ 1.44 $ 1.05
Weighted average common shares outstanding        
Basic (in shares) 7,269,564 6,822,608 7,088,134 6,846,373
Diluted (in shares) 7,432,171 7,111,199 7,348,486 7,091,661
Dividends paid per common share (in dollars per share) $ 0.11 $ 0.08 $ 0.31 $ 0.28