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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities    
Net income $ 3,614 $ 3,147
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 310 313
Earned ESOP shares 215 128
Stock option compensation expense 44 85
Net recoveries on investment securities (22) 0
Gain on sales of OREO and other repossessed assets, net (12) (3)
Provision for OREO losses 94 9
Gain on sales of loans, net (521) (689)
Loans originated for sale (15,193) (21,914)
Proceeds from sales of loans 15,906 24,199
Amortization of MSRs 120 125
BOLI net earnings (136) (137)
Increase (decrease) in deferred loan origination fees 38 (45)
Net change in accrued interest receivable and other assets, and other liabilities and accrued expenses 1,301 760
Net cash provided by operating activities 5,758 5,978
Cash flows from investing activities    
Net increase in CDs held for investment (10,494) (432)
Proceeds from maturities and prepayments of investment securities held to maturity 11 136
Proceeds from maturities and prepayments of investment securities available for sale 126 14
Increase in loans receivable, net (15,105) (5,994)
Additions to premises and equipment (199) (1,970)
Proceeds from sales of OREO and other repossessed assets 495 902
Net cash used in investing activities (25,166) (7,344)
Cash flows from financing activities    
Net increase in deposits 38,176 28,441
Proceeds from exercise of stock options 61 80
Payment of dividends (810) (626)
Net cash provided by financing activities 37,427 27,895
Net increase in cash and cash equivalents 18,019 26,529
Cash and cash equivalents, at beginning of period 148,188 [1] 108,941
Cash and cash equivalents, at end of period 166,207 135,470
Supplemental disclosure of cash flow information    
Income taxes paid 0 200
Interest paid 584 834
Supplemental disclosure of non-cash investing activities    
Loans transferred to OREO and other repossessed assets 163 45
Other comprehensive loss related to investment securities $ (12) $ (14)
[1] Derived from audited consolidated financial statements.