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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Operating activities    
Net income $ 309 $ 182
Adjustment to reconcile net income to net cash provided by operating activities    
Depreciation expense 187 224
Premium amortization on investment securities, net 46 60
Provision for loan losses 178 420
Provision for loss on other real estate owned 271 25
Proceeds from the sales of loans 2,065 3,399
Gains on sale of loans (171) (233)
Gains on sales of investment securities (39) (30)
Losses (gains) on the sales of other real estate owned 9 (51)
ESOP compensation expense 30 27
Stock-based compensation expense 1 4
Deferred income tax expense 174 134
Decrease in accrued interest receivable 56 73
Increase in surrender value bank owned life insurance (73) (78)
(Increase) decrease in other assets (44) 64
Increase (decrease) in accrued interest payab 37 (3)
Decrease in accounts payable and other liabilities (256) (780)
Net cash provided by operating activities 2,780 3,437
Investing activities    
Net decrease (increase) in loans receivable 8,362 (7,798)
Purchases of loans receivable (6,444) $ (674)
Purchases of investment securities held to maturity (5,545)
Purchases of investment securities available for sale (6,482)
Sales of investment securities available for sale 2,065 $ 2,915
Principal repayments on investment securities held to maturity 3,084 1,426
Principal repayments on investment securities available for sale 198 225
Purchases of premises and equipment (54) (61)
Investment in other real estate owned (48) (232)
Proceeds from the sale of other real estate owned $ 430 3,824
Redemption of Federal Home Loan Bank stock (102)
Net cash used by investing activities $ (4,434) (477)
Financing activities    
Net increase (decrease) in deposits 20,895 (2,609)
Net increase in escrowed funds $ 66 4
Proceeds from long-term advances 5,701
Repayments of long-term advances (3,500)
Net change in short-term advances 50
Repayments of securities sold under agreements to repurchase (5,000)
Net cash provided (used) by financing activities $ 20,961 (5,354)
Net increase (decrease) in cash and cash equivalents 19,307 (2,394)
Cash and cash equivalents, beginning of period 18,108 10,258
Cash and cash equivalents, end of period 37,415 7,864
Cash paid for    
Interest 856 823
Income taxes 4 14
Non-cash investing activities    
Real estate acquired in full satisfaction of loans in foreclosure $ 148 $ 1,308