XML 14 R2.htm IDEA: XBRL DOCUMENT v3.25.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Sep. 30, 2024
Cash and cash equivalents:    
Cash and due from financial institutions $ 24,538 $ 29,071 [1]
Interest-bearing deposits in banks 139,533 135,657 [1]
Total cash and cash equivalents 164,071 164,728 [1]
Certificates of deposit (“CDs”) held for investment, at cost 7,470 10,209 [1]
Investment securities held to maturity, at amortized cost (net of allowance for credit losses ("ACL") of $55 and $60), (estimated fair value of $147,709 and $166,007) 156,105 172,097 [1]
Investment securities available for sale, at fair value 77,080 72,257 [1]
Investments in equity securities, at fair value 840 866
Federal Home Loan Bank of Des Moines (“FHLB”) stock, at cost 2,037 2,037 [1]
Other investments, at cost 3,000 3,000 [1]
Loans held for sale 411 0 [1]
Loans receivable, net 1,411,819 1,421,523 [1]
Premises and equipment, net 21,617 21,486 [1]
Other real estate owned (“OREO”) and other repossessed assets, net 221 0 [1]
Accrued interest receivable 7,095 6,990 [1]
Bank owned life insurance (“BOLI”) 23,777 23,611 [1]
Goodwill 15,131 15,131 [1]
Core deposit intangible (“CDI”), net 406 451
Loan servicing rights, net 1,195 1,372 [1]
Operating lease right-of-use ("ROU") assets 1,400 1,475 [1]
Other assets 15,805 6,242 [1]
Total assets 1,909,480 1,923,475 [1]
Deposits:    
Non-interest-bearing demand 402,911 413,116 [1]
Interest-bearing 1,227,505 1,234,552 [1]
Total deposits 1,630,416 1,647,668 [1]
FHLB borrowings 20,000 20,000 [1]
Operating lease liabilities 1,501 1,575
Other liabilities and accrued expenses 8,364 8,819 [1]
Total liabilities 1,660,281 1,678,062 [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; 7,954,673 shares issued and outstanding - December 31, 2024 7,960,127 shares issued and outstanding - September 30, 2024 29,593 29,862 [2]
Retained earnings 220,398 215,531 [2]
Accumulated other comprehensive (loss) income (792) 20 [2]
Total shareholders’ equity 249,199 245,413 [2]
Total liabilities and shareholders’ equity $ 1,909,480 $ 1,923,475 [2]
[1] Derived from audited consolidated financial statements.
[2] Derived from audited consolidated financial statements.