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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Interest and dividend income    
Loans receivable and loans held for sale $ 9,328 $ 8,788
Investment securities 58 70
Dividends from mutual funds, FHLB stock and other investments 26 24
Interest-bearing deposits in banks and CDs 623 281
Total interest and dividend income 10,035 9,163
Interest expense    
Deposits 601 543
FHLB borrowings 0 307
Total interest expense 601 850
Net interest income 9,434 8,313
Provision for loan losses 0 0
Net interest income after provision for loan losses 9,434 8,313
Non-interest income    
Recoveries (other than temporary impairment OTTI) on investment securities (27) 0
Adjustment for portion of OTTI transferred from other comprehensive income before income taxes (5) 0
Net recoveries on investment securities (22) 0
Service charges on deposits 1,179 1,105
ATM and debit card interchange transaction fees 845 800
BOLI net earnings 136 137
Gain on sales of loans, net 521 689
Escrow fees 59 76
Servicing income on loans sold 116 97
Other, net 259 312
Total non-interest income, net 3,137 3,216
Non-interest expense    
Salaries and employee benefits 3,950 3,680
Premises and equipment 768 755
Advertising 209 162
OREO and other repossessed assets, net 113 30
ATM and debit card interchange transaction fees 331 311
Postage and courier 105 95
State and local taxes 161 155
Professional fees 218 201
Federal Deposit Insurance Corporation (FDIC) insurance 65 113
Loan administration and foreclosure 79 94
Data processing and telecommunications 467 450
Deposit operations 278 309
Other 432 455
Total non-interest expense 7,176 6,810
Income before income taxes 5,395 4,719
Provision for income taxes 1,781 1,572
Net income $ 3,614 $ 3,147
Net income per common share    
Basic (in dollars per share) $ 0.49 $ 0.46
Diluted (in dollars per share) $ 0.48 $ 0.43
Weighted average common shares outstanding    
Basic (in shares) 7,312,531 6,862,749
Diluted (in shares) 7,508,169 7,235,515
Dividends paid per common share (in dollars per share) $ 0.11 $ 0.09