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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Sep. 30, 2020
Cash and cash equivalents:    
Cash and due from financial institutions $ 25,387 $ 21,877 [1]
Interest-bearing deposits in banks 478,339 292,575 [1]
Total cash and cash equivalents 503,726 314,452 [1]
Certificates of deposit (“CDs”) held for investment (at cost, which      approximates fair value) 31,218 65,545 [1]
Investment securities held to maturity, at amortized cost (estimated fair value of $53,596 and $29,827) 52,314 27,890 [1]
Investment securities available for sale, at fair value 67,491 57,907 [1]
Investments in equity securities, at fair value 960 977
Federal Home Loan Bank of Des Moines (“FHLB”) stock, at cost 2,103 1,922 [1]
Other investments, at cost 3,000 3,000 [1]
Loans held for sale 3,359 4,509 [1]
Loans receivable, net of allowance for loan losses of $13,469 and $13,414 1,001,565 1,013,875 [1]
Premises and equipment, net 22,519 23,035 [1]
Other real estate owned (“OREO”) and other repossessed assets, net 157 1,050 [1]
Accrued interest receivable 4,260 4,484 [1]
Bank owned life insurance (“BOLI”) 22,041 21,596 [1]
Goodwill 15,131 15,131 [1]
Core deposit intangible (“CDI”), net 1,354 1,625
Loan servicing rights, net 3,548 3,095 [1]
Operating lease right-of-use ("ROU") assets 2,360 2,587 [1]
Other assets 3,354 3,298 [1]
Total assets 1,740,460 1,565,978 [1]
Deposits:    
Non-interest-bearing demand 495,938 441,889 [1]
Interest-bearing 1,026,714 916,517 [1]
Total deposits 1,522,652 1,358,406 [1]
FHLB borrowings 5,000 10,000 [1]
Operating lease liabilities 2,432 2,630
Other liabilities and accrued expenses 6,884 7,312 [1]
Total liabilities 1,536,968 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; 8,353,969 shares issued and outstanding - June 30, 2021 8,310,793 shares issued and outstanding - September 30, 2020 42,624 42,396 [2]
Retained earnings 160,739 145,173 [2]
Accumulated other comprehensive income 129 61 [2]
Total shareholders’ equity 203,492 187,630 [2]
Total liabilities and shareholders’ equity $ 1,740,460 $ 1,565,978 [2]
[1] Derived from audited consolidated financial statements.
[2] Derived from audited consolidated financial statements.