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Consolidated Statements of Cash Flows
$ in Thousands
 12 Months Ended
Sep. 30, 2018
USD ($)
property
Sep. 30, 2017
USD ($)
property
Sep. 30, 2016
USD ($)
Cash flows from operating activities      
Net income $ 16,721 $ 14,167 $ 10,154
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 1,290 1,262 1,328
Deferred income taxes 797 385 283
Earned ESOP shares 882 605 404
Stock option compensation expense 172 156 190
Net (recoveries) OTTI on investment securities (68) (33) 168
Gain on sales of OREO and other repossessed assets, net (229) (54) (47)
Provision for OREO losses 248 42 435
Gain on sales of loans, net (1,893) (2,157) (1,781)
(Gain) loss on sales/dispositions of premises and equipment, net (102) 5 7
Recapture of loan losses 0 (1,250) 0
Loans originated for sale (62,677) (69,996) (57,354)
Proceeds from sales of loans 66,384 72,158 58,582
Amortization of MSRs 491 487 555
BOLI net earnings (547) (545) (551)
Increase in deferred loan origination fees 171 237 36
Net change in accrued interest receivable and other assets, and other liabilities and accrued expenses (190) (1,610) (592)
Net cash provided by operating activities 21,450 13,859 11,817
Cash flows from investing activities      
Net (increase) decrease in CDs held for investment (20,256) 9,966 (4,389)
Purchase of investment securities held to maturity (6,073) 0 0
Proceeds from maturities and prepayments of investment securities held to maturity 554 609 489
Proceeds from maturities and prepayments of investment securities available for sale 41 68 53
Purchase of FHLB stock (83) (103) (105)
Proceeds from redemption of FHLB stock 0 1,200 600
Purchase of other investments 0 (3,000) 0
Increase in loans receivable, net (35,522) (26,956) (59,212)
Additions to premises and equipment $ (2,186) $ (3,526) $ (640)
Capitalized improvements to OREO (2) (4) (142)
Proceeds from sales of OREO and other repossessed assets $ 1,693 $ 1,579 $ 3,798
Proceeds from sales/dispositions of premises and equipment 463 0 0
Escrow deposit for business combination (6,900) 0 0
Net cash used in investing activities (68,269) (20,163) (59,548)
Cash flows from financing activities      
Net increase in deposits 51,608 76,364 82,622
Repayment of FHLB borrowings 0 (30,000) (15,000)
Proceeds from exercise of stock options 318 332 159
Proceeds from exercise of stock warrant 0 2,496 0
Repurchase of common stock 0 0 (820)
Payment of dividends (4,431) (3,641) (2,578)
Net cash provided by financing activities 47,495 45,551 64,383
Net increase in cash and cash equivalents 676 39,247 16,652
Beginning of period 148,188 108,941 92,289
End of period 148,864 148,188 108,941
Supplemental disclosure of cash flow information      
Income taxes paid 4,462 7,596 4,412
Interest paid 2,714 3,283 3,976
Supplemental disclosure of non-cash investing activities      
Loans transferred to OREO and other repossessed assets 324 751 307
Other comprehensive income $ (5) $ 51 $ 138