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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities    
Net income $ 6,296 $ 7,507
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 336 525
Depreciation 356 338
Accretion of discount on purchased loans (10) (28)
Amortization of CDI 56 68
Stock-based compensation expense 105 78
Net recoveries on investment securities (5) (3)
Change in fair value of investments in equity securities (37) (2)
Accretion of discounts and premiums on securities (293) (298)
Gain on sales of loans, net (78) (21)
Loans originated for sale (4,742) (389)
Proceeds from sales of loans 3,795 1,158
Amortization of loan servicing rights 236 263
BOLI net earnings (156) (156)
Increase in deferred loan origination fees 95 211
Net change in accrued interest receivable and other assets, and other liabilities and accrued expenses (1,087) 170
Net cash provided by operating activities 4,867 9,421
Cash flows from investing activities    
Net decrease (increase) in CDs held for investment 2,739 (498)
Purchase of investment securities held to maturity (1,919) (14,317)
Purchase of investment securities available for sale 0 (16,993)
Proceeds from maturities and prepayments of investment securities held to maturity 6,275 2,626
Proceeds from maturities and prepayments of investment securities available for sale 1,644 2,559
Redemption of FHLB stock 1,601 0
Increase in loans receivable, net (34,869) (40,841)
Purchases of premises and equipment (298) (143)
Net cash used in investing activities (24,827) (67,607)
Cash flows from financing activities    
Net increase (decrease) in deposits 66,134 (31,086)
Repayments of FHLB borrowings (15,000) 0
Proceeds from exercise of stock options 355 397
Repurchase of common stock (362) (348)
Payment of dividends (1,867) (2,636)
Net cash provided by (used in) financing activities 49,260 (33,673)
Net increase (decrease) in cash and cash equivalents 29,300 (91,859)
Beginning of period 128,721 316,755
End of period 158,021 224,896
Supplemental disclosure of cash flow information    
Interest paid 6,206 1,180
Supplemental disclosure of non-cash investing activities    
Other comprehensive income (loss) related to investment securities 257 (18)
Adjustment to retained earnings, net of deferred tax; - adoption of ASU 2016-13 $ (488) $ 0