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Condensed Financial Information - Parent Company Only | 12 Months Ended
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Sep. 30, 2020
Condensed Financial Information Disclosure [Abstract] |
Condensed Financial Information - Parent Company Only | Condensed Financial Information - Parent Company Only Condensed Balance Sheets - September 30, 2020 and 2019 (dollars in thousands)
| 2020 |  | 2019
Assets |  |  |
Cash and cash equivalents: |  |  |
Cash and due from financial institutions | $ | 505 |  |  | $ | 336 |
Interest-bearing deposits in banks | 2,128 |  |  | 2,555 |
Total cash and cash equivalents | 2,633 |  |  | 2,891 |
Investment securities held to maturity, at amortized cost (estimated fair value $499) | 500 |  |  | — |
Investment in Bank | 184,567 |  |  | 168,525 |
Other assets | 23 |  |  | 15 |
Total assets | $ | 187,723 |  |  | $ | 171,431 |
Liabilities and shareholders’ equity |  |  |
Accrued expenses | $ | 93 |  |  | $ | 364 |
Shareholders’ equity | 187,630 |  |  | 171,067 |
Total liabilities and shareholders’ equity | $ | 187,723 |  |  | $ | 171,431 |
Condensed Statements of Income - Years Ended September 30, 2020, 2019 and 2018 (dollars in thousands)
| 2020 |  | 2019 |  | 2018
Operating income |  |  |  |  |
Interest on deposits in banks | $ | 26 |  |  | $ | 67 |  |  | $ | 37 |
Interest on loan receivable from ESOP | — |  |  | 9 |  |  | 53 |
Interest on investment securities | 5 |  |  | — |  |  | — |
Dividends from Bank | 8,762 |  |  | 6,607 |  |  | 4,429 |
Total operating income | 8,793 |  |  | 6,683 |  |  | 4,519 |
Operating expenses | 554 |  |  | 525 |  |  | 591 |
Income before income taxes and equity in undistributed income of Bank | 8,239 |  |  | 6,158 |  |  | 3,928 |
Benefit for income taxes | (186) |  |  | (169) |  |  | (198) |
Income before undistributed income of Bank | 8,425 |  |  | 6,327 |  |  | 4,126 |
Equity in undistributed income of Bank | 15,844 |  |  | 17,693 |  |  | 12,595 |
Net income | $ | 24,269 |  |  | $ | 24,020 |  |  | $ | 16,721 |
Condensed Statements of Cash Flows - Years Ended September 30, 2020, 2019 and 2018 (dollars in thousands)
| 2020 |  | 2019 |  | 2018
Cash flows from operating activities |  |  |  |  |
Net income | $ | 24,269 |  |  | $ | 24,020 |  |  | $ | 16,721 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |
Equity in undistributed income of Bank | (15,844) |  |  | (17,693) |  |  | (12,595) |
Earned ESOP shares | 31 |  |  | 441 |  |  | 882 |
Stock option compensation expense | 182 |  |  | 159 |  |  | 172 |
Other, net | (279) |  |  | 9 |  |  | 280 |
Net cash provided by operating activities | 8,359 |  |  | 6,936 |  |  | 5,460 |
Cash flows from investing activities |  |  |  |  |
Investment in Bank | (187) |  |  | (14,915) |  |  | (1,271) |
Purchase of investment securities held to maturity | (500) |  |  | — |  |  | — |
Principal repayments on loan receivable from ESOP | — |  |  | 285 |  |  | 536 |
Cash acquired, net of cash consideration paid in business combination | — |  |  | 14,284 |  |  | — |
Net cash used in investing activities | (687) |  |  | (346) |  |  | (735) |
Cash flows from financing activities |  |  |  |  |
Proceeds from exercise of stock options | 391 |  |  | 401 |  |  | 318 |
Repurchase of common stock | (1,238) |  |  | (499) |  |  | — |
Payment of dividends | (7,083) |  |  | (6,495) |  |  | (4,431) |
Net cash used in financing activities | (7,930) |  |  | (6,593) |  |  | (4,113) |
Net (decrease) increase in cash and cash equivalents | (258) |  |  | (3) |  |  | 612 |
Cash and cash equivalents |  |  |  |  |
Beginning of year | 2,891 |  |  | 2,894 |  |  | 2,282 |
End of year | $ | 2,633 |  |  | $ | 2,891 |  |  | $ | 2,894 |

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- References No definition available. + Details
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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=108774443&loc=d3e5283-111683 + Details
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