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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Operating activities    
Net income $ 2,030 $ 1,423
Adjustment to reconcile net income to net cash provided by operating activities    
Depreciation expense 861 816
Premium amortization on investment securities, net 134 187
Provision for loan losses 997 1,343
Provision for loss on other real estate owned 418 218
Originations of loans held for sale (8,167) (4,382)
Proceeds from the sales of loans receivable 8,660 4,706
Gains on sale of loans receivable (493) (324)
Gains on sales of investment securities (107)
(Gains) losses on the sales of other real estate owned (184) 80
ESOP compensation expense 157 154
Deferred income tax expense 710 997
Increase in accrued interest receivable (252) (219)
Increase in surrender value bank owned life insurance (293) (293)
(Increase) decrease in other assets (167) 155
Increase (decrease) in accrued interest payable 88 (10)
Increase (decrease) in accounts payable and other liabilities 230 (1,250)
Net cash provided by operating activities 4,622 3,601
Investing activities    
Net increase in loans receivable (37,233) (5,540)
Purchases of loans receivable (5,562) (12,626)
Proceeds from the sale of loans receivable 3,738
Purchases of investment securities held to maturity (3,492) (5,484)
Purchases of investment securities available for sale (1,443) (7,931)
Sales of investment securities held to maturity 3,408
Principal repayments on investment securities held to maturity 5,223 6,896
Principal repayments on investment securities available for sale 2,757 1,099
Purchases of premises and equipment (284) (299)
Investment in other real estate owned (191) (58)
Proceeds from other real estate owned 2,750 1,948
(Purchases) redemptions of Federal Home Loan Bank stock (162) 237
Net cash used by investing activities (30,491) (21,758)
Financing activities    
Net increase in deposits 14,936 22,551
Net increase in escrowed funds 348 269
Proceeds from long-term advances 8,719 865
Repayments of long-term advances (5,100) (5,000)
Net cash provided by financing activities 18,903 18,685
Net (decrease) increase in cash and cash equivalents (6,966) 528
Cash and cash equivalents, beginning of period 22,334 21,806
Cash and cash equivalents, end of period 15,368 22,334
Cash paid for    
Interest 4,561 3,782
Income taxes 1,066 36
Non-cash investing activities    
Real estate acquired in full satisfaction of loans in foreclosure 1,161
Investment securities transferred from held to maturity to available for sale $ 12,619