XML 24 R2.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Sep. 30, 2019
Cash and cash equivalents:    
Cash and due from financial institutions $ 22,862 $ 25,179 [1]
Interest-bearing deposits in banks 145,286 117,836 [1]
Total cash and cash equivalents 168,148 143,015 [1]
Certificates of deposit (“CDs”) held for investment (at cost, which approximates fair value) 82,472 78,346 [1]
Investment securities held to maturity, at amortized cost (estimated fair value $38,332 and $32,580) 36,667 31,102 [1]
Investment securities available for sale, at fair value 41,470 22,532 [1]
Investments in equity securities, at fair value 969 958
Federal Home Loan Bank of Des Moines (“FHLB”) stock 1,922 1,437 [1]
Other investments, at cost 3,000 3,000 [1]
Loans held for sale 5,798 6,071 [1]
Loans receivable, net of allowance for loan losses of $11,890 and $9,690 907,657 886,662 [1]
Premises and equipment, net 23,072 22,830 [1]
Other real estate owned (“OREO”) and other repossessed assets, net 1,623 1,683 [1]
Accrued interest receivable 3,595 3,598 [1]
Bank owned life insurance (“BOLI”) 21,299 21,005 [1]
Goodwill 15,131 15,131 [1]
Core deposit intangible (“CDI”), net 1,828 2,031
Servicing rights, net 2,724 2,408 [1]
Operating lease right-of-use (ROU) assets 2,759 0 [1]
Other assets 2,967 5,323 [1]
Total assets 1,323,101 1,247,132 [1]
Deposits:    
Non-interest-bearing demand 316,328 296,472 [1]
Interest-bearing 809,320 771,755 [1]
Total deposits 1,125,648 1,068,227 [1]
FHLB borrowings 10,000 0 [1]
Operating lease liabilities 2,759 0
Other liabilities and accrued expenses 6,686 7,838 [1]
Total liabilities 1,145,093 1,076,065 [1]
Shareholders’ equity    
Preferred stock, $0.01 par value; 1,000,000 shares authorized; none issued 0 0 [2]
Common stock, $0.01 par value; 50,000,000 shares authorized; 8,309,193 shares issued and outstanding - March 31, 2020 8,329,419 shares issued and outstanding - September 30, 2019 42,258 43,030 [2]
Retained earnings 135,929 127,987 [2]
Accumulated other comprehensive income (loss) (179) 50 [2]
Total shareholders’ equity 178,008 171,067 [2]
Total liabilities and shareholders’ equity $ 1,323,101 $ 1,247,132 [2]
[1] Derived from audited consolidated financial statements.
[2] Derived from audited consolidated financial statements.