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Income Taxes
 12 Months Ended
Sep. 30, 2025
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
The components of the provision for income taxes for the years ended September 30, 2025, 2024 and 2023 were as follows (dollars in thousands):
 202520242023
Current:
     Federal$7,453 $6,506 $7,167 
Deferred(383)(383)(291)
Provision for income taxes$7,070 $6,123 $6,876 

At September 30, 2025 and 2024, the Company had income tax receivable of $290,000 and $80,000, respectively, which is included in other assets in the accompanying consolidated balance sheets.
 
The components of the Company’s deferred tax assets and liabilities at September 30, 2025 and 2024 were as follows (dollars in thousands):
 20252024
Deferred Tax Assets  
Allowance for credit losses$3,800 $3,670 
Allowance for OREO losses5 5 
OTTI credit impairment on investment securities38 50 
Accrued interest on loans68 69 
Deferred compensation and bonuses121 163 
Reserve for loan commitments90 69 
Operating lease liabilities646 331 
Net unrealized losses on investment securities and investments in equity securities89 5 
Other435 70 
Total deferred tax assets5,292 4,432 
Deferred Tax Liabilities
Goodwill1,187 1,187 
Loan servicing rights171 288 
Depreciation997 815 
Loan fees/costs1,108 1,044 
Prepaid expenses168 159 
Purchase accounting adjustment83 110 
Operating lease ROU assets619 310 
Other— 27 
Total deferred tax liabilities4,333 3,940 
Net deferred tax assets $959 $492 

Net deferred tax assets are included in other assets in the accompanying consolidated balance sheets.

No valuation allowance for deferred tax assets was recorded as of September 30, 2025 and 2024, as management believes that it is more likely than not that all of the deferred tax assets will be realized based on management's expectations of future taxable income.

The provision for income taxes for the years ended September 30, 2025, 2024 and 2023 differs from that computed at the federal statutory corporate tax rate as follows (dollars in thousands):
 202520242023
Expected federal income tax provision at statutory rate$7,609 $6,385 $7,139 
BOLI income(357)(135)(148)
Dividends on Employee Stock Ownership Plan ("ESOP") stock(58)(58)(71)
Stock-based compensation tax effect(95)(37)(66)
Other, net(29)(32)22 
Provision for income taxes$7,070 $6,123 $6,876