XML 62 R34.htm IDEA: XBRL DOCUMENT v3.2.0.727
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