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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 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:      
Depreciation 1,572 1,604 1,290
Deferred income taxes 76 703 797
Amortization of CDI 406 452 0
Earned ESOP shares 31 441 882
Accretion of discount on purchased loans (597) (645) 0
Stock option compensation expense 182 159 172
Gain on sales of investment securities 0 (47) 0
Net recoveries on investment securities (120) (59) (68)
Change in fair value of investments in equity securities (19) (41) 0
Gain on sales of OREO and other repossessed assets, net (35) (89) (229)
(Accretion) amortization of discounts and premiums on securities (183) 167 (17)
Provision for OREO losses 173 24 248
Gain on sales of loans, net (5,979) (1,754) (1,893)
(Gain) loss on sales/dispositions of premises and equipment, net (98) 7 (102)
Provision for loan losses 3,700 0 0
Loans originated for sale (153,446) (70,132) (62,424)
Proceeds from sales of loans 160,987 67,600 66,131
Amortization of servicing rights 838 646 491
Valuation adjustment on servicing rights, net 221 8 0
BOLI net earnings (591) (613) (547)
BOLI death benefit in excess of cash surrender value 0 (1,028) 0
Increase in deferred loan origination fees 3,637 161 171
Net change in accrued interest receivable and other assets, and other liabilities and accrued expenses (1,168) (3,476) (173)
Net cash provided by operating activities 33,856 18,108 21,450
Cash flows from investing activities      
Net decrease (increase) in CDs held for investment 12,801 (12,083) (20,256)
Purchase of investment securities held to maturity (10,255) (13,166) (6,073)
Purchase of investment securities available for sale (41,212) (20,909) 0
Proceeds from maturities and prepayments of investment securities held to maturity 13,818 11,784 554
Proceeds from maturities and prepayments of investment securities available for sale 5,802 1,412 41
Proceeds from sale of investment securities held to maturity 0 2,937 0
Proceeds from sales of investment securities available for sale 0 2,332 0
Purchase of FHLB stock (485) (42) (83)
Increase in loans receivable, net (133,953) (39,536) (35,522)
Additions to premises and equipment (1,986) (2,151) (2,186)
Proceeds from sales of OREO and other repossessed assets 495 613 1,693
Proceeds from sales/dispositions of premises and equipment 307 0 463
Proceeds from death benefit on BOLI 0 3,078 0
Cash acquired, net of cash consideration paid in business combination 0 14,284 0
Escrow deposit for business combination 0 6,900 (6,900)
Net cash used in investing activities (154,668) (44,547) (68,269)
Cash flows from financing activities      
Net increase in deposits 290,179 27,183 51,608
Proceeds from FHLB borrowings 10,000 0 0
Proceeds from exercise of stock options 391 401 318
Repurchase of common stock (1,238) (499) 0
Payment of dividends (7,083) (6,495) (4,431)
Net cash provided by financing activities 292,249 20,590 47,495
Net increase (decrease) in cash and cash equivalents 171,437 (5,849) 676
Beginning of year 143,015 148,864 148,188
End of year 314,452 143,015 148,864
Supplemental disclosure of cash flow information      
Income taxes paid 5,522 6,593 4,462
Interest paid 4,760 4,457 2,714
Supplemental disclosure of non-cash investing activities      
Loans transferred to OREO and other repossessed assets 0 293 324
Other comprehensive loss 11 116 (5)
Operating lease liabilities arising from recording of ROU assets $ 2,889 $ 0 $ 0