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CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($)
$ in Thousands
Mar. 31, 2022
Sep. 30, 2021
ASSETS    
Cash and non-interest-bearing deposits due from banks $ 6,956 $ 8,302
Interest-bearing deposits due from banks 119,826 142,950
Federal funds sold 358 15,292
Total cash and cash equivalents 127,140 166,544
Securities:    
Held to maturity (fair value of $4,581 and $8,865, respectively) 4,629 8,611
Available for sale, at fair value 5,070 7,747
Total securities 9,699 16,358
Loans held for investment 1,289,041 1,247,125
Allowance for loan losses 9,886 8,552
Loans held for investment, net 1,279,155 1,238,573
Premises and equipment, net 14,833 15,003
Accrued interest receivable 7,894 9,363
Prepaid pension 4,178 4,233
Stock in Federal Home Loan Bank ("FHLB"), at cost 3,612 3,714
Goodwill 19,168 19,168
Other intangible assets 438 480
Loan servicing rights 4,028 3,690
Deferred income taxes 2,676 3,558
Other assets 3,860 3,957
TOTAL ASSETS 1,476,681 1,484,641
Deposits:    
Non-interest-bearing demand 197,118 191,537
Savings, NOW and money market 746,877 595,289
Time 286,247 377,836
Total deposits 1,230,242 1,164,662
Borrowings 75,823 159,642
Subordinated debentures 24,541 24,513
Accrued interest payable 980 1,290
Other liabilities 10,327 12,005
TOTAL LIABILITIES 1,341,913 1,362,112
COMMITMENTS AND CONTINGENT LIABILITIES
STOCKHOLDERS' EQUITY    
Preferred stock (par value $0.01; 15,000,000 shares authorized; none issued) 0 0
Common stock (par value $0.01; 17,000,000 shares authorized; issued and outstanding 5,829,569 and 5,563,426, respectively) 58 56
Surplus 97,965 97,246
Retained earnings 36,780 24,971
Accumulated other comprehensive (loss) income, net of tax (35) 256
TOTAL STOCKHOLDERS' EQUITY 134,768 122,529
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 1,476,681 $ 1,484,641