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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities    
Net income $ 7,883 $ 6,275
Adjustments to reconcile net income to net cash provided by operating activities:    
Recapture of loan losses 0 (250)
Depreciation 621 640
Earned ESOP shares 416 274
Stock option compensation expense 87 194
Net recoveries on investment securities (36) 0
Gain on sales of OREO and other repossessed assets, net (93) (53)
Provision for OREO losses 224 76
Gain on sales of loans, net (992) (1,095)
Gain on sales of premises and equipment, net (113) 0
Loans originated for sale (30,608) (40,304)
Proceeds from sales of loans 31,218 39,205
Amortization of MSRs 242 248
BOLI net earnings (273) (273)
Increase in deferred loan origination fees 49 22
Net change in accrued interest receivable and other assets, and other liabilities and accrued expenses (209) (582)
Net cash provided by operating activities 8,416 4,377
Cash flows from investing activities    
Net increase in CDs held for investment (9,904) 66
Proceeds from maturities and prepayments of investment securities held to maturity 266 266
Purchase of investment securities held to maturity (1,111) 0
Proceeds from maturities and prepayments of investment securities available for sale 19 30
Purchase of FHLB stock 0 (103)
Increase in loans receivable, net (18,416) (12,973)
Additions to premises and equipment (606) (2,494)
Proceeds from sales of premises and equipment 463 0
Proceeds from sales of OREO and other repossessed assets 1,112 1,357
Net cash used in investing activities (28,177) (13,851)
Cash flows from financing activities    
Net increase in deposits 42,513 47,318
Proceeds from exercise of stock options 234 193
Proceeds from exercise of stock warrant 0 2,496
Payment of dividends (1,769) (1,434)
Net cash provided by financing activities 40,978 48,573
Net increase in cash and cash equivalents 21,217 39,099
Cash and cash equivalents, at beginning of period 148,188 [1] 108,941
Cash and cash equivalents, at end of period 169,405 148,040
Supplemental disclosure of cash flow information    
Income taxes paid 2,208 3,158
Interest paid 1,243 1,691
Supplemental disclosure of non-cash investing activities    
Loans transferred to OREO and other repossessed assets 163 268
Other comprehensive loss related to investment securities $ (8) $ (3)
[1] Derived from audited consolidated financial statements.