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Condensed Financial Information - Parent Company Only (Tables) | 12 Months Ended
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Sep. 30, 2023
Condensed Financial Information Disclosure [Abstract] |
Condensed Balance Sheets, Parent Company | Condensed Balance Sheets - September 30, 2023 and 2022 (dollars in thousands)
| 2023 |  | 2022
Assets |  |  |
Cash and cash equivalents: |  |  |
Cash and due from financial institutions | $ | 517 |  |  | $ | 162 |
Interest-bearing deposits in banks | — |  |  | 1,548 |
Total cash and cash equivalents | 517 |  |  | 1,710 |
Investment securities held to maturity, at amortized cost (estimated fair value $449 and $469) | 500 |  |  | 500 |
Investment in Bank | 232,145 |  |  | 216,348 |
Other assets | 51 |  |  | 56 |
Total assets | $ | 233,213 |  |  | $ | 218,614 |
Liabilities and shareholders’ equity |  |  |
Accrued expenses | $ | 140 |  |  | $ | 45 |
Shareholders’ equity | 233,073 |  |  | 218,569 |
Total liabilities and shareholders’ equity | $ | 233,213 |  |  | $ | 218,614 |
Condensed Statements of Operations, Parent Company | Condensed Statements of Income - Years Ended September 30, 2023, 2022 and 2021 (dollars in thousands)
| 2023 |  | 2022 |  | 2021
Operating income |  |  |  |  |
Interest on deposits in banks | $ | — |  |  | $ | 3 |  |  | $ | 5 |
Interest on investment securities | 24 |  |  | 24 |  |  | 24 |
Dividends from Bank | 11,400 |  |  | 10,255 |  |  | 9,085 |
Total operating income | 11,424 |  |  | 10,282 |  |  | 9,114 |
Operating expenses | 351 |  |  | 303 |  |  | 495 |
Income before income taxes and equity in undistributed income of Bank | 11,073 |  |  | 9,979 |  |  | 8,619 |
Benefit for income taxes | (148) |  |  | (139) |  |  | (238) |
Income before undistributed income of Bank | 11,221 |  |  | 10,118 |  |  | 8,857 |
Equity in undistributed income of Bank | 15,897 |  |  | 13,482 |  |  | 18,726 |
Net income | $ | 27,118 |  |  | $ | 23,600 |  |  | $ | 27,583 |
Condensed Statements of Cash Flows, Parent Company | Condensed Statements of Cash Flows - Years Ended September 30, 2023, 2022 and 2021 (dollars in thousands)
| 2023 |  | 2022 |  | 2021
Cash flows from operating activities |  |  |  |  |
Net income | $ | 27,118 |  |  | $ | 23,600 |  |  | $ | 27,583 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |
Equity in undistributed income of Bank | (15,897) |  |  | (13,482) |  |  | (18,726) |
Stock option compensation expense | 320 |  |  | 246 |  |  | 173 |
Other, net | 100 |  |  | 16 |  |  | (97) |
Net cash provided by operating activities | 11,641 |  |  | 10,380 |  |  | 8,933 |
Cash flows from investing activities |  |  |  |  |
Investment in Bank | (267) |  |  | (202) |  |  | (149) |
Net cash used in investing activities | (267) |  |  | (202) |  |  | (149) |
Cash flows from financing activities |  |  |  |  |
Proceeds from exercise of stock options | 698 |  |  | 415 |  |  | 631 |
Repurchase of common stock | (4,998) |  |  | (4,583) |  |  | (527) |
Payment of dividends | (8,267) |  |  | (7,232) |  |  | (8,589) |
Net cash used in financing activities | (12,567) |  |  | (11,400) |  |  | (8,485) |
Net (decrease) increase in cash and cash equivalents | (1,193) |  |  | (1,222) |  |  | 299 |
Cash and cash equivalents |  |  |  |  |
Beginning of year | 1,710 |  |  | 2,932 |  |  | 2,633 |
End of year | $ | 517 |  |  | $ | 1,710 |  |  | $ | 2,932 |

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