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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Sep. 30, 2021
Cash and cash equivalents:    
Cash and due from financial institutions $ 26,500 $ 26,316 [1]
Interest-bearing deposits in banks 465,802 553,880 [1]
Total cash and cash equivalents 492,302 580,196 [1]
Certificates of deposit (“CDs”) held for investment (at cost, which      approximates fair value) 28,619 28,482 [1]
Investment securities held to maturity, at amortized cost (estimated fair value of $184,707 and $70,109) 189,405 69,102 [1]
Investment securities available for sale, at fair value 50,624 63,176 [1]
Investments in equity securities 902 955
Federal Home Loan Bank of Des Moines (“FHLB”) stock, at cost 2,194 2,103 [1]
Other investments, at cost 3,000 3,000 [1]
Loans held for sale 2,772 3,217 [1]
Loans receivable, net of allowance for loan losses of $13,433 and $13,469 1,034,080 968,454 [1]
Premises and equipment, net 21,878 22,367 [1]
Other real estate owned (“OREO”) and other repossessed assets, net 157 157 [1]
Accrued interest receivable 3,927 3,745 [1]
Bank owned life insurance (“BOLI”) 22,498 22,193 [1]
Goodwill 15,131 15,131 [1]
Core deposit intangible (“CDI”), net 1,106 1,264
Loan servicing rights, net 3,390 3,482 [1]
Operating lease right-of-use ("ROU") assets 2,129 2,283 [1]
Other assets 3,356 2,873 [1]
Total assets 1,877,470 1,792,180 [1]
Deposits:    
Non-interest-bearing demand 525,488 535,212 [1]
Interest-bearing 1,130,938 1,035,343 [1]
Total deposits 1,656,426 1,570,555 [1]
FHLB borrowings 0 5,000 [1]
Operating lease liabilities 2,210 2,359
Other liabilities and accrued expenses 6,565 7,367 [1]
Total liabilities 1,665,201 1,585,281 [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; 8,305,826 shares issued and outstanding - March 31, 2022 8,355,469 shares issued and outstanding - September 30, 2021 40,988 42,673 [2]
Retained earnings 171,388 164,167 [2]
Accumulated other comprehensive income (loss) (107) 59 [2]
Total shareholders’ equity 212,269 206,899 [2]
Total liabilities and shareholders’ equity $ 1,877,470 $ 1,792,180 [2]
[1] Derived from audited consolidated financial statements.
[2] Derived from audited consolidated financial statements.