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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating activities    
Net income $ 648 $ 487
Adjustment to reconcile net income to net cash provided by operating activities    
Depreciation expense 403 379
Premium amortization on investment securities, net 94 96
Provision for loan losses 733 469
Provision for loss on other real estate owned 150 270
Proceeds from the sales of loans 1,683 3,040
Gains on sale of loans (111) (243)
Gains on sales of investment securities   (63)
Losses on the sales of other real estate owned (41) 9
ESOP compensation expense 75 63
Stock-based compensation expense   3
Deferred income tax expense 495 173
Increase in accrued interest receivable (239) (45)
Increase in surrender value bank owned life insurance (143) (148)
Increase in other assets (344) (335)
Decrease in accrued interest payable (4) (11)
(Decrease) increase in accounts payable and other liabilities (1,670) 80
Net cash provided by operating activities 1,729 4,224
Investing activities    
Net (increase) decrease in loans receivable (7,042) 2,628
Purchases of loans receivable (1,450) (7,098)
Purchases of investment securities held to maturity (3,974) (10,565)
Purchases of investment securities available for sale (6,079) (6,482)
Sales of investment securities available for sale   4,098
Principal repayments on investment securities held to maturity 4,581 4,213
Principal repayments on investment securities available for sale 555 362
Purchases of premises and equipment (89) (147)
Investment in other real estate owned (30) (112)
Proceeds from other real estate owned 923 447
Redemptions of Federal Home Loan Bank stock 90 102
Net cash used by investing activities (12,515) (12,554)
Financing activities    
Net increase in deposits 1,171 13,222
Net increase in escrowed funds 261 188
Repayments of long-term advances (2,000) (2,260)
Net cash (used) provided by financing activities (568) 11,150
Net (decrease) increase in cash and cash equivalents (11,354) 2,820
Cash and cash equivalents, beginning of period 21,806 18,108
Cash and cash equivalents, end of period 10,452 20,928
Cash paid for    
Interest 1,827 1,769
Income taxes 36 4
Non-cash investing activities    
Real estate acquired in full satisfaction of loans in foreclosure $ 399 $ 718