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STOCK-BASED COMPENSATION AND STOCK REPURCHASE PROGRAM (Narrative) (Details) - USD ($) | 9 Months Ended | 92 Months Ended
--- | --- | ---
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015
Stock option expenses | $ 0 |  |
Stock award expenses | 10,000 |  |
Cost of shares repurchased by ESOP trust | $ 2,300,000 |  |
Average cost of shares repurchased (per share) | $ 10.58 |  |
Description of loan with respect to employee stock ownership plan | The ESOP trust purchased 217,863 shares of common stock in the open market using proceeds of a loan from the Company. The total cost of shares purchased by the ESOP trust was $2.3 million, reflecting an average cost per share of $10.58. The Bank will make cash contributions to the ESOP on an annual basis sufficient to enable the ESOP to make the required loan payments to the Company. The loan bears a variable interest rate that adjusts annually every January 1st to the then published Prime Rate (3.25% at January 1, 2015) with principal and interest payable annually in equal installments over thirty years. The loan is secured by shares of the Company's stock. |  |
Interest rate of loan with respect to employee stock ownership plan | 3.25% |  | 3.25%
Shares allocated | 140,883 |  | 140,883
Suspense shares | 76,980 |  | 76,980
Fair value of unallocated shares | $ 742,857 |  | $ 742,857
ESOP compensation expense | $ 80,000 | $ 73,000 |
Total ESOP shares | 217,863 |  | 217,863
Stock Options [Member] |  |  |
Vesting period | 5 years |  |
Expiration period | 10 years |  |
Term of treasury security | 7 years |  |
Restricted shares [Member] |  |  |
Vesting period | 5 years |  |
Second Repurchase Program |  |  |
Maximum stock repurchase authorization (as a percent) |  |  | 5.00%
Stock authorized to be repurchased (in shares) | 129,924 |  | 129,924
Stock repurchased during period (in shares) |  |  | 81,000
Remaining shares available to be repurchased | 48,924 |  | 48,924
Common stock average cost (in dollars per share) |  |  | $ 8.33

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- Definition The fair value of shares held by the ESOP as of the balance sheet date in which no ESOP participant has a vested interest and no lender has a claim. The fair value of an ESOP share is the amount the seller could reasonably expect to receive for it in a current sale between a willing buyer and a willing seller, that is, other than in a forced or liquidation sale, which would be the market price of the stock if it is publicly traded. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 40 -Section 50 -Paragraph 1 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=6418621&loc=d3e17540-113929 + Details
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