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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Operating activities    
Net income $ 347 $ 309
Adjustment to reconcile net income to net cash provided by operating activities    
Depreciation expense 201 187
Premium amortization on investment securities, net 48 46
Provision for loan losses 330 178
Provision for loss on other real estate owned 110 271
Proceeds from the sales of loans 1,270 2,065
Gains on sale of loans (87) (171)
Gains on sales of investment securities (39)
Losses on the sales of other real estate owned 9
ESOP compensation expense 35 30
Stock-based compensation expense 1
Deferred income tax expense 288 174
Increase decrease in accrued interest receivable (142) 56
Increase in surrender value bank owned life insurance (72) (73)
Decrease increase in other assets 281 (44)
Increase in accrued interest payable 29 37
Decrease in accounts payable and other liabilities (2,185) (256)
Net cash provided by operating activities 453 2,780
Investing activities    
Net increase decrease in loans receivable (8,179) 8,362
Purchases of loans receivable (6,444)
Purchases of investment securities held to maturity (2,476) (5,545)
Purchases of investment securities available for sale (6,079) (6,482)
Sales of investment securities available for sale 2,065
Principal repayments on investment securities held to maturity 3,334 3,084
Principal repayments on investment securities available for sale 364 198
Purchases of premises and equipment (15) (54)
Investment in other real estate owned (22) (48)
Proceeds from other real estate owned 31 430
Proceeds from Federal Home Loan Bank stock 90
Net cash used by investing activities (12,952) (4,434)
Financing activities    
Net increase in deposits 7,174 20,895
Net increase in escrowed funds 114 66
Repayments of long-term advances (2,000)
Net cash provided by financing activities 5,288 20,961
Net decrease increase in cash and cash equivalents (7,211) 19,307
Cash and cash equivalents, beginning of period 21,806 18,108
Cash and cash equivalents, end of period 14,595 37,415
Cash paid for    
Interest 891 856
Income taxes 32 4
Non-cash investing activities    
Real estate acquired in full satisfaction of loans in foreclosure $ 148