XML 15 R5.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Income - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Interest and dividend income        
Loans receivable and loans held for sale $ 13,298 $ 12,871 $ 39,406 $ 38,457
Investment securities 292 345 877 1,274
Dividends from mutual funds, FHLB stock and other investments 28 23 83 95
Interest-bearing deposits in banks and CDs 247 429 816 2,164
Total interest and dividend income 13,865 13,668 41,182 41,990
Interest expense        
Deposits 690 1,159 2,358 3,591
FHLB borrowings 18 29 76 37
Total interest expense 708 1,188 2,434 3,628
Net interest income 13,157 12,480 38,748 38,362
Provision for loan losses 0 1,000 0 3,200
Net interest income after provision for loan losses 13,157 11,480 38,748 35,162
Non-interest income        
Net recoveries on investment securities 6 6 14 113
BOLI net earnings 150 148 445 442
Gain on sales of loans, net 1,607 2,141 5,367 3,829
Valuation (allowance) recovery on loan servicing rights, net (179) 0 23 (23)
Other, net 316 517 925 1,416
Total non-interest income, net 4,266 4,855 13,711 12,473
Non-interest expense        
Salaries and employee benefits 4,554 4,570 13,944 13,913
Premises and equipment 995 1,077 2,949 2,914
Loss (gain) on sales/dispositions of premises and equipment, net 0 4 0 (98)
Advertising 162 150 472 493
OREO and other repossessed assets, net 5 11 (89) 60
ATM and debit card interchange transaction fees 464 405 1,341 1,203
Postage and courier 141 137 428 416
State and local taxes 284 255 822 705
Professional fees 262 286 675 766
Federal Deposit Insurance Corporation ("FDIC") insurance 100 143 301 116
Loan administration and foreclosure 148 191 319 358
Data processing and telecommunications 627 603 1,868 1,702
Deposit operations 289 245 818 836
Amortization of CDI 90 101 271 304
Other 492 483 1,455 1,631
Total non-interest expense, net 8,613 8,661 25,574 25,319
Income before income taxes 8,810 7,674 26,885 22,316
Provision for income taxes 1,786 1,463 5,320 4,404
     Net income $ 7,024 $ 6,211 $ 21,565 $ 17,912
Net income per common share        
Basic (in dollars per share) $ 0.84 $ 0.75 $ 2.59 $ 2.15
Diluted (in dollars per share) $ 0.83 $ 0.74 $ 2.55 $ 2.12
Weighted average common shares outstanding        
Basic (in shares) 8,365,350 8,309,947 8,336,590 8,331,908
Diluted (in shares) 8,465,393 8,378,983 8,440,861 8,437,030
Deposit Account        
Non-interest income        
Revenue from contract with customer $ 948 $ 858 $ 2,943 $ 3,136
Credit and Debit Card        
Non-interest income        
Revenue from contract with customer 1,363 1,069 3,755 3,178
Asset Management        
Non-interest income        
Revenue from contract with customer 64 81 243 211
Servicing Income On Loans Sold        
Non-interest income        
Revenue from contract with customer $ (9) $ 35 $ (4) $ 171