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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Interest and dividend income        
Loans receivable and loans held for sale $ 9,530 $ 9,652 $ 28,342 $ 27,280
Investment securities 51 69 147 207
Dividends from mutual funds, FHLB stock and other investments 31 23 83 60
Interest-bearing deposits in banks and CDs 845 421 2,209 1,081
Total interest and dividend income 10,457 10,165 30,781 28,628
Interest expense        
Deposits 730 549 1,996 1,637
FHLB borrowings 0 369 0 979
Total interest expense 730 918 1,996 2,616
Net interest income 9,727 9,247 28,785 26,012
Recapture of loan losses 0 (1,000) 0 (1,250)
Net interest income after recapture of loan losses 9,727 10,247 28,785 27,262
Non-interest income        
Recoveries (other than temporary impairment OTTI) on investment securities (19) 0 (60) 0
Adjustment for portion of OTTI transferred from other comprehensive income (loss) before income taxes 0 0 (5) 0
Net recoveries on investment securities (19) 0 (55) 0
Service charges on deposits 1,137 1,153 3,447 3,348
ATM and debit card interchange transaction fees 921 855 2,648 2,448
BOLI net earnings 134 133 407 406
Gain on sales of loans, net 435 561 1,427 1,656
Escrow fees 47 51 158 191
Servicing income on loans sold 121 106 354 302
Other, net 331 297 868 873
Total non-interest income, net 3,145 3,156 9,364 9,224
Non-interest expense        
Salaries and employee benefits 3,912 3,741 11,862 11,176
Premises and equipment 795 764 2,361 2,295
(Gain) loss on sales of premises and equipment, net 0 (3) 113 (3)
Advertising 205 170 591 499
OREO and other repossessed assets, net (92) 4 114 22
ATM and debit card interchange transaction fees 334 375 982 1,036
Postage and courier 104 109 340 324
State and local taxes 169 176 498 484
Professional fees 368 230 829 629
Federal Deposit Insurance Corporation (FDIC) insurance 101 99 242 319
Loan administration and foreclosure 76 20 247 113
Data processing and telecommunications 465 480 1,427 1,394
Deposit operations 285 301 815 850
Other 400 466 1,324 1,462
Total non-interest expense 7,122 6,938 21,519 20,606
Income before income taxes 5,750 6,465 16,630 15,880
Provision for income taxes 1,334 2,188 4,331 5,328
Net income $ 4,416 $ 4,277 $ 12,299 $ 10,552
Net income per common share        
Basic (in dollars per share) $ 0.60 $ 0.59 $ 1.68 $ 1.49
Diluted (in dollars per share) $ 0.59 $ 0.58 $ 1.64 $ 1.44
Weighted average common shares outstanding        
Basic (in shares) 7,345,618 7,269,564 7,328,702 7,088,134
Diluted (in shares) 7,535,157 7,432,171 7,518,447 7,348,486
Dividends paid per common share (in dollars per share) $ 0.23 $ 0.11 $ 0.47 $ 0.31