XML 38 R43.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

Federal Income Taxes (Tables) | 12 Months Ended
--- | ---
Sep. 30, 2019
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax Expense (Benefit) | The components of the provision for income taxes for the years ended September 30, 2019, 2018 and 2017 were as follows (dollars in thousands):
| 2019 |  |  | 2018 |  |  | 2017 |
Current: |  |  |  |  |
Federal | $ | 5,198 |  |  | $ | 4,900 |  |  | $ | 6,656 |
State | — |  |  | 4 |  |  | 35 |
Deferred | 703 |  |  | 797 |  |  | 385 |
Provision for income taxes | $ | 5,901 |  |  | $ | 5,701 |  |  | $ | 7,076 |
Schedule of Deferred Tax Assets and Liabilities | The components of the Company’s deferred tax assets and liabilities at September 30, 2019 and 2018 were as follows (dollars in thousands):
| 2019 |  |  | 2018 |
Deferred Tax Assets |  |  |
Allowance for loan losses | $ | 1,550 |  |  | $ | 2,021 |
Allowance for OREO losses | 218 |  |  | 311 |
Unearned ESOP shares | — |  |  | 32 |
Core deposit intangible | — |  |  | 31 |
OTTI credit impairment on investment securities | 97 |  |  | 104 |
Accrued interest on loans | 76 |  |  | 10 |
Net unrealized losses on investment securities | — |  |  | 42 |
Deferred compensation and bonuses | 520 |  |  | 56 |
Reserve for loan commitments | 51 |  |  | 43 |
Other | 82 |  |  | 29 |
Total deferred tax assets | 2,594 |  |  | 2,679 |
Deferred Tax Liabilities |  |  |
Goodwill | 1,187 |  |  | 1,107 |
Servicing rights | 506 |  |  | 426 |
Depreciation | 494 |  |  | 283 |
Loan fees/costs | 267 |  |  | 121 |
FHLB stock dividends | 82 |  |  | 82 |
Prepaid expenses | 70 |  |  | 74 |
Purchase accounting adjustment | 110 |  |  | — |
Net unrealized gains on investment securities and investments in equity securities | 15 |  |  | — |
Other | — |  |  | 2 |
Total deferred tax liabilities | 2,731 |  |  | 2,095 |
Net deferred tax assets (liabilities) | $ | (137 | ) |  | $ | 584 |
Schedule of Effective Income Tax Rate Reconciliation | The provision for income taxes for the years ended September 30, 2019, 2018 and 2017 differs from that computed at the federal statutory corporate tax rate as follows (dollars in thousands):
| 2019 |  |  | 2018 |  |  | 2017 |
Expected federal income tax provision at statutory rate | $ | 6,283 |  |  | $ | 5,500 |  |  | $ | 7,435 |
Net impact of the Tax Act | — |  |  | 548 |  |  | — |
BOLI income | (345 | ) |  | (134 | ) |  | (191 | )
Dividends on ESOP | (73 | ) |  | (71 | ) |  | (102 | )
Stock options tax effect | (87 | ) |  | (157 | ) |  | (188 | )
Other, net | 123 |  |  | 15 |  |  | 122 |
Provision for income taxes | $ | 5,901 |  |  | $ | 5,701 |  |  | $ | 7,076 |

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration