XML 13 R3.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Sep. 30, 2023
Cash and cash equivalents:    
Cash and due from financial institutions $ 25,566 $ 25,390 [1]
Interest-bearing deposits in banks 133,347 103,331 [1]
Total cash and cash equivalents 158,913 128,721 [1]
Certificates of deposit (“CDs”) held for investment (at cost, which      approximates fair value) 10,458 15,188 [1]
Investment securities held to maturity, at amortized cost (net of allowance for credit losses of $72 at June 30, 2024 and $0 at September 30, 2023), (estimated fair value of $166,761 and $253,766) 176,787 270,218 [1]
Investment securities available for sale, at fair value 74,515 41,771 [1]
Investments in equity securities, at fair value 836 811
Federal Home Loan Bank of Des Moines (“FHLB”) stock, at cost 2,037 3,602 [1]
Other investments, at cost 3,000 3,000 [1]
Loans held for sale 1,795 400 [1]
Loans receivable, net of allowance for credit losses of $17,046 and $15,817 1,397,019 1,302,305 [1]
Premises and equipment, net 21,558 21,642 [1]
Accrued interest receivable 7,045 6,004 [1]
Bank owned life insurance (“BOLI”) 23,436 22,966 [1]
Goodwill 15,131 15,131 [1]
Core deposit intangible (“CDI”), net 508 677
Loan servicing rights, net 1,526 2,124 [1]
Operating lease right-of-use ("ROU") assets 1,550 1,772 [1]
Other assets 4,515 3,573 [1]
Total assets 1,900,629 1,839,905 [1]
Deposits:    
Non-interest-bearing demand 407,125 455,864 [1]
Interest-bearing 1,221,419 1,105,071 [1]
Total deposits 1,628,544 1,560,935 [1]
FHLB borrowings 20,000 35,000 [1]
Operating lease liabilities 1,649 1,867
Other liabilities and accrued expenses 9,213 9,030 [1]
Total liabilities 1,659,406 1,606,832 [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; 7,953,421 shares issued and outstanding - June 30, 2024 8,105,338 shares issued and outstanding - September 30, 2023 30,681 34,771 [2]
Retained earnings 211,087 199,386 [2]
Accumulated other comprehensive loss (545) (1,084) [2]
Total shareholders’ equity 241,223 233,073 [2]
Total liabilities and shareholders’ equity $ 1,900,629 $ 1,839,905 [2]
[1] Derived from audited consolidated financial statements.
[2] Derived from audited consolidated financial statements.