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Condensed Financial Information - Parent Company Only (Tables) | 12 Months Ended
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Sep. 30, 2019
Condensed Financial Information Disclosure [Abstract] |
Condensed Balance Sheets, Parent Company | Condensed Balance Sheets - September 30, 2019 and 2018 (dollars in thousands)
| 2019 |  |  | 2018 |
Assets |  |  |
Cash and cash equivalents: |  |  |
Cash and due from financial institutions | $ | 336 |  |  | $ | 306 |
Interest-bearing deposits in banks | 2,555 |  |  | 2,588 |
Total cash and cash equivalents | 2,891 |  |  | 2,894 |
Loan receivable from ESOP | — |  |  | 285 |
Investment in Bank | 168,525 |  |  | 121,818 |
Other assets | 15 |  |  | 15 |
Total assets | $ | 171,431 |  |  | $ | 125,012 |
Liabilities and shareholders’ equity |  |  |  |  |
Accrued expenses | $ | 364 |  |  | $ | 355 |
Shareholders’ equity | 171,067 |  |  | 124,657 |
Total liabilities and shareholders’ equity | $ | 171,431 |  |  | $ | 125,012 |
Condensed Statements of Operations, Parent Company | Condensed Statements of Income - Years Ended September 30, 2019, 2018 and 2017 (dollars in thousands)
| 2019 |  |  | 2018 |  |  | 2017 |
Operating income |  |  |  |  |
Interest on deposits in banks | $ | 67 |  |  | $ | 37 |  |  | $ | 27 |
Interest on loan receivable from ESOP | 9 |  |  | 53 |  |  | 96 |
Dividends from Bank | 6,607 |  |  | 4,429 |  |  | 1,390 |
Total operating income | 6,683 |  |  | 4,519 |  |  | 1,513 |
Operating expenses | 525 |  |  | 591 |  |  | 467 |
Income before income taxes and equity in undistributed income of Bank | 6,158 |  |  | 3,928 |  |  | 1,046 |
Benefit for income taxes | (169 | ) |  | (198 | ) |  | (385 | )
Income before undistributed income of Bank | 6,327 |  |  | 4,126 |  |  | 1,431 |
Equity in undistributed income of Bank | 17,693 |  |  | 12,595 |  |  | 12,736 |
Net income | $ | 24,020 |  |  | $ | 16,721 |  |  | $ | 14,167 |
Condensed Statements of Cash Flows, Parent Company | Condensed Statements of Cash Flows - Years Ended September 30, 2019, 2018 and 2017 (dollars in thousands)
| 2019 |  |  | 2018 |  |  | 2017 |
Cash flows from operating activities |  |  |  |  |
Net income | $ | 24,020 |  |  | $ | 16,721 |  |  | $ | 14,167 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |  |  |
Equity in undistributed income of Bank | (17,693 | ) |  | (12,595 | ) |  | (12,736 | )
Earned ESOP shares | 441 |  |  | 882 |  |  | 605 |
Stock option compensation expense | 159 |  |  | 172 |  |  | 156 |
Other, net | 9 |  |  | 280 |  |  | 33 |
Net cash provided by operating activities | 6,936 |  |  | 5,460 |  |  | 2,225 |
Cash flows from investing activities |  |  |  |  |  |  |  |
Investment in Bank | (14,915 | ) |  | (1,271 | ) |  | (930 | )
Principal repayments on loan receivable from ESOP | 285 |  |  | 536 |  |  | 493 |
Cash acquired, net of cash consideration paid in business combination | 14,284 |  |  | — |  |  | — |
Net cash used in investing activities | (346 | ) |  | (735 | ) |  | (437 | )
Cash flows from financing activities |  |  |  |  |  |  |  |
Proceeds from exercise of stock options | 401 |  |  | 318 |  |  | 332 |
Proceeds from exercise of stock warrant | — |  |  | — |  |  | 2,496 |
Repurchase of common stock | (499 | ) |  | — |  |  | — |
Payment of dividends | (6,495 | ) |  | (4,431 | ) |  | (3,641 | )
Net cash used in financing activities | (6,593 | ) |  | (4,113 | ) |  | (813 | )
Net (decrease) increase in cash and cash equivalents | (3 | ) |  | 612 |  |  | 975 |
Cash and cash equivalents |  |  |  |  |  |  |  |
Beginning of period | 2,894 |  |  | 2,282 |  |  | 1,307 |
End of period | $ | 2,891 |  |  | $ | 2,894 |  |  | $ | 2,282 |

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