XML 18 R7.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating activities    
Net income $ 1,091 $ 897
Adjustment to reconcile net income to net cash provided by operating activities    
Depreciation expense 778 845
Premium amortization on investment securities, net 195 245
Provision for loan losses 1,366 1,264
Provision for loss on other real estate owned 301 66
Proceeds from the sales of loans 9,217 9,722
Gains on sale of loans (625) (542)
Gains on sales of investment securities (72) (42)
Losses (gains) on the sales of other real estate owned 101 (61)
ESOP compensation expense 122 111
Stock-based compensation expense 3 12
Deferred income tax expense 605 403
Increase in accrued interest receivable (7) (31)
Increase in surrender value bank owned life insurance (295) (304)
Decrease in other assets (18) 246
Increase (decrease) in accrued interest payable 13 (17)
Increase (decrease) in accounts payable and other liabilities 1,307 (311)
Net cash provided by operating activities 14,082 12,503
Investing activities    
Net increase in loans receivable (36,824) (25,855)
Purchases of loans receivable (9,393) (5,840)
Purchases of investment securities held to maturity (10,565) (9,700)
Purchases of investment securities available for sale (6,482)
Sales of investment securities available for sale 6,298 5,421
Principal repayments on investment securities held to maturity 10,080 5,884
Principal repayments on investment securities available for sale 1,033 734
Purchases of premises and equipment (184) (83)
Investment in other real estate owned (162) (465)
Proceeds from the sale of other real estate owned 4,835 6,459
Purchase of Federal Home Loan Bank stock (214) (264)
Net cash used by investing activities (41,578) (23,709)
Financing activities    
Net increase in deposits 26,381 17,818
Net increase in escrowed funds 367 144
Proceeds from long-term advances 6,706 11,094
Repayments of long-term advances (2,260) (5,000)
Repayments of securities sold under agreements to repurchase (5,000)
Net cash provided by financing activities 31,194 19,056
Net increase in cash and cash equivalents 3,698 7,850
Cash and cash equivalents, beginning of period 18,108 10,258
Cash and cash equivalents, end of period 21,806 18,108
Cash paid for    
Interest 3,520 3,214
Income taxes 4 14
Non-cash investing activities    
Real estate acquired in full satisfaction of loans in foreclosure 1,824 4,850
OREO transferred to premises and equipment $ 860