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Condensed Financial Information - Parent Company Only (Tables) | 12 Months Ended
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Sep. 30, 2022
Condensed Financial Information Disclosure [Abstract] |
Condensed Balance Sheets, Parent Company | Condensed Balance Sheets - September 30, 2022 and 2021 (dollars in thousands)
| 2022 |  | 2021
Assets |  |  |
Cash and cash equivalents: |  |  |
Cash and due from financial institutions | $ | 162 |  |  | $ | 379 |
Interest-bearing deposits in banks | 1,548 |  |  | 2,553 |
Total cash and cash equivalents | 1,710 |  |  | 2,932 |
Investment securities held to maturity, at amortized cost (estimated fair value $469 and $505) | 500 |  |  | 500 |
Investment in Bank | 216,348 |  |  | 203,440 |
Other assets | 56 |  |  | 107 |
Total assets | $ | 218,614 |  |  | $ | 206,979 |
Liabilities and shareholders’ equity |  |  |
Accrued expenses | $ | 45 |  |  | $ | 80 |
Shareholders’ equity | 218,569 |  |  | 206,899 |
Total liabilities and shareholders’ equity | $ | 218,614 |  |  | $ | 206,979 |
Condensed Statements of Operations, Parent Company | Condensed Statements of Income - Years Ended September 30, 2022, 2021 and 2020 (dollars in thousands)
| 2022 |  | 2021 |  | 2020
Operating income |  |  |  |  |
Interest on deposits in banks | $ | 3 |  |  | $ | 5 |  |  | $ | 26 |
Interest on investment securities | 24 |  |  | 24 |  |  | 5 |
Dividends from Bank | 10,255 |  |  | 9,085 |  |  | 8,762 |
Total operating income | 10,282 |  |  | 9,114 |  |  | 8,793 |
Operating expenses | 303 |  |  | 495 |  |  | 554 |
Income before income taxes and equity in undistributed income of Bank | 9,979 |  |  | 8,619 |  |  | 8,239 |
Benefit for income taxes | (139) |  |  | (238) |  |  | (186) |
Income before undistributed income of Bank | 10,118 |  |  | 8,857 |  |  | 8,425 |
Equity in undistributed income of Bank | 13,482 |  |  | 18,726 |  |  | 15,844 |
Net income | $ | 23,600 |  |  | $ | 27,583 |  |  | $ | 24,269 |
Condensed Statements of Cash Flows, Parent Company | Condensed Statements of Cash Flows - Years Ended September 30, 2022, 2021 and 2020 (dollars in thousands)
| 2022 |  | 2021 |  | 2020
Cash flows from operating activities |  |  |  |  |
Net income | $ | 23,600 |  |  | $ | 27,583 |  |  | $ | 24,269 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |
Equity in undistributed income of Bank | (13,482) |  |  | (18,726) |  |  | (15,844) |
Earned ESOP shares | — |  |  | — |  |  | 31 |
Stock option compensation expense | 246 |  |  | 173 |  |  | 182 |
Other, net | 16 |  |  | (97) |  |  | (279) |
Net cash provided by operating activities | 10,380 |  |  | 8,933 |  |  | 8,359 |
Cash flows from investing activities |  |  |  |  |
Investment in Bank | (202) |  |  | (149) |  |  | (187) |
Purchase of investment securities held to maturity | — |  |  | — |  |  | (500) |
Net cash used in investing activities | (202) |  |  | (149) |  |  | (687) |
Cash flows from financing activities |  |  |  |  |
Proceeds from exercise of stock options | 415 |  |  | 631 |  |  | 391 |
Repurchase of common stock | (4,583) |  |  | (527) |  |  | (1,238) |
Payment of dividends | (7,232) |  |  | (8,589) |  |  | (7,083) |
Net cash used in financing activities | (11,400) |  |  | (8,485) |  |  | (7,930) |
Net (decrease) increase in cash and cash equivalents | (1,222) |  |  | 299 |  |  | (258) |
Cash and cash equivalents |  |  |  |  |
Beginning of year | 2,932 |  |  | 2,633 |  |  | 2,891 |
End of year | $ | 1,710 |  |  | $ | 2,932 |  |  | $ | 2,633 |

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