XML 18 R7.htm IDEA: XBRL DOCUMENT v3.4.0.3
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Operating activities    
Net income $ 487 $ 329
Adjustment to reconcile net income to net cash provided by operating activities    
Depreciation expense 379 446
Premium amortization on investment securities, net 96 146
Provision for loan losses 468 590
Provision for loss on other real estate owned 270 25
Proceeds from the sales of loans 3,040 4,441
Gains on sale of loans (243) (326)
Gains on sales of investment securities (63) (42)
Losses (gains) on the sales of other real estate owned 9 (43)
ESOP compensation expense 63 53
Stock-based compensation expense 4 9
Deferred income tax expense 173 195
Increase in accrued interest receivable (45) (26)
Increase in surrender value bank owned life insurance (148) (153)
Increase in other assets (335) (80)
Decrease in accrued interest payable (11) (36)
Increase (decrease) in accounts payable and other liabilities 80 (757)
Net cash provided by operating activities 4,224 4,771
Investing activities    
Net decrease (increase) in loans receivable 2,628 (11,198)
Purchases of loans receivable (7,098) (674)
Purchases of investment securities held to maturity (10,565) $ (4,132)
Purchases of investment securities available for sale (6,482)
Sales of investment securities available for sale 4,098 $ 5,421
Principal repayments on investment securities held to maturity 4,213 2,467
Principal repayments on investment securities available for sale 362 453
Purchases of premises and equipment (147) (65)
Investment in other real estate owned (112) (283)
Proceeds from the sale of other real estate owned 447 4,778
Redemption (purchase) of Federal Home Loan Bank stock 102 (32)
Net cash used by investing activities (12,554) (3,265)
Financing activities    
Net increase in deposits 13,222 14,457
Net increase in escrowed funds $ 188 106
Proceeds from long-term advances 5,701
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 $ 11,150 10,264
Net increase in cash and cash equivalents 2,820 11,770
Cash and cash equivalents, beginning of period 18,108 10,258
Cash and cash equivalents, end of period 20,928 22,028
Cash paid for    
Interest 1,769 1,615
Income taxes 4 14
Non-cash investing activities    
Real estate acquired in full satisfaction of loans in foreclosure $ 718 $ 2,666