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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Sep. 30, 2020
Cash and cash equivalents:    
Cash and due from financial institutions $ 21,707 $ 21,877 [1]
Interest-bearing deposits in banks 411,635 292,575 [1]
Total cash and cash equivalents 433,342 314,452 [1]
Certificates of deposit (“CDs”) held for investment (at cost, which      approximates fair value) 39,674 65,545 [1]
Investment securities held to maturity, at amortized cost (estimated fair value of $37,838 and $29,827) 36,465 27,890 [1]
Investment securities available for sale, at fair value 69,184 57,907 [1]
Investments in equity securities, at fair value 957 977
Federal Home Loan Bank of Des Moines (“FHLB”) stock, at cost 2,303 1,922 [1]
Other investments, at cost 3,000 3,000 [1]
Loans held for sale 8,455 4,509 [1]
Loans receivable, net of allowance for loan losses of $13,434 and $13,414 1,030,683 1,013,875 [1]
Premises and equipment, net 22,763 23,035 [1]
Other real estate owned (“OREO”) and other repossessed assets, net 157 1,050 [1]
Accrued interest receivable 4,471 4,484 [1]
Bank owned life insurance (“BOLI”) 21,891 21,596 [1]
Goodwill 15,131 15,131 [1]
Core deposit intangible (“CDI”), net 1,444 1,625
Servicing rights, net 3,604 3,095 [1]
Operating lease right-of-use ("ROU") assets 2,436 2,587 [1]
Other assets 3,284 3,298 [1]
Total assets 1,699,244 1,565,978 [1]
Deposits:    
Non-interest-bearing demand 499,541 441,889 [1]
Interest-bearing 982,318 916,517 [1]
Total deposits 1,481,859 1,358,406 [1]
FHLB borrowings 10,000 10,000 [1]
Operating lease liabilities 2,499 2,630
Other liabilities and accrued expenses 6,343 7,312 [1]
Total liabilities 1,500,701 1,378,348 [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; 8,361,457 shares issued and outstanding - March 31, 2021 8,310,793 shares issued and outstanding - September 30, 2020 42,949 42,396 [2]
Retained earnings 155,473 145,173 [2]
Accumulated other comprehensive income 121 61 [2]
Total shareholders’ equity 198,543 187,630 [2]
Total liabilities and shareholders’ equity $ 1,699,244 $ 1,565,978 [2]
[1] Derived from audited consolidated financial statements.
[2] Derived from audited consolidated financial statements.