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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Sep. 30, 2024
Cash and cash equivalents:    
Cash and due from financial institutions $ 23,649 $ 29,071
Interest-bearing deposits in banks 219,779 135,657
Total cash and cash equivalents 243,428 164,728
Certificates of deposit (“CDs”) held for investment, at cost 7,217 10,209
Amortized Cost 136,861 172,097
Investment securities available for sale, at fair value 78,240 72,257
Investments in equity securities 864 866
Federal Home Loan Bank of Des Moines (“FHLB”) stock, at cost 2,045 2,037
Other investments, at cost 3,000 3,000
Loans held for sale 1,127 0
Loans receivable, net of ACL of $18,091 and $17,478 1,463,590 1,421,523
Premises and equipment, net 21,684 21,486
Other real estate owned (“OREO”) and other repossessed assets, net 221 0
Accrued interest receivable 7,393 6,990
Bank owned life insurance (“BOLI”) 21,830 23,611
Goodwill 15,131 15,131
Core deposit intangible (“CDI”), net 271 451
Loan servicing rights, net 815 1,372
Operating lease right-of-use ("ROU") assets 2,949 1,475
Other assets 6,113 6,242
Total assets 2,012,779 1,923,475
Deposits:    
Non-interest-bearing demand 430,685 413,116
Interest-bearing 1,285,950 1,234,552
Total deposits 1,716,635 1,647,668
Operating lease liabilities 3,077 1,575
FHLB borrowings 20,000 20,000
Other liabilities and accrued expenses 10,453 8,819
Total liabilities 1,750,165 1,678,062
Commitments and contingencies (See Note 16)
Shareholders’ equity    
Preferred stock, $0.01 par value; 1,000,000 shares authorized; none issued 0 0
Common stock, $0.01 par value; 50,000,000 shares authorized; 7,889,571 shares issued and outstanding - September 30, 2025 7,960,127 shares issued and outstanding - September 30, 2024 26,305 29,862
Retained earnings 236,607 215,531
Accumulated other comprehensive (loss) income (298) 20
Total shareholders’ equity 262,614 245,413
Total liabilities and shareholders’ equity $ 2,012,779 $ 1,923,475
Preferred stock par value (in dollars per share) $ 0.01 $ 0.01
Preferred stock shares authorized (in shares) 1,000,000 1,000,000
Common stock par value (in dollars per share) $ 0.01 $ 0.01
Common stock shares authorized (in shares) 50,000,000 50,000,000
Preferred stock shares issued (in shares) 0 0