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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Sep. 30, 2024
Cash and cash equivalents:    
Cash and due from financial institutions $ 26,010 $ 29,071 [1]
Interest-bearing deposits in banks 165,201 135,657 [1]
Total cash and cash equivalents 191,211 164,728 [1]
Certificates of deposit (“CDs”) held for investment, at cost 8,711 10,209 [1]
Investment securities held to maturity, at amortized cost (net of allowance for credit losses ("ACL") of $50 and $60), (estimated fair value of $134,382 and $166,007) 140,954 172,097 [1]
Investment securities available for sale, at fair value 84,807 72,257 [1]
Investments in equity securities, at fair value 853 866 [1]
Federal Home Loan Bank of Des Moines (“FHLB”) stock, at cost 2,045 2,037 [1]
Other investments, at cost 3,000 3,000 [1]
Loans held for sale 1,151 0 [1]
Loans receivable, net 1,420,074 1,421,523 [1]
Premises and equipment, net 21,436 21,486 [1]
Other real estate owned (“OREO”) and other repossessed assets, net 221 0 [1]
Accrued interest receivable 7,127 6,990 [1]
Bank owned life insurance (“BOLI”) 23,942 23,611 [1]
Goodwill 15,131 15,131 [1]
Core deposit intangible (“CDI”), net 361 451 [1]
Loan servicing rights, net 1,051 1,372 [1]
Operating lease right-of-use ("ROU") assets 1,324 1,475 [1]
Other assets 9,331 6,242 [1]
Total assets 1,932,730 1,923,475 [1]
Deposits:    
Non-interest-bearing demand 407,811 413,116 [1]
Interest-bearing 1,243,019 1,234,552 [1]
Total deposits 1,650,830 1,647,668 [1]
FHLB borrowings 20,000 20,000 [1]
Operating lease liabilities 1,426 1,575 [1]
Other liabilities and accrued expenses 7,950 8,819 [1]
Total liabilities 1,680,206 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; 7,903,489 shares issued and outstanding - March 31, 2025 7,960,127 shares issued and outstanding - September 30, 2024 28,028 29,862 [2]
Retained earnings 225,166 215,531 [2]
Accumulated other comprehensive (loss) income (670) 20 [2]
Total shareholders’ equity 252,524 245,413 [2]
Total liabilities and shareholders’ equity $ 1,932,730 $ 1,923,475 [2]
[1] Derived from audited consolidated financial statements.
[2] Derived from audited consolidated financial statements.