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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Operating activities    
Net income $ 329 $ 347
Adjustment to reconcile net income to net cash provided by operating activities    
Depreciation expense 209 201
Premium amortization on investment securities, net 46 48
Provision for loan losses 250 330
Provision for loss on other real estate owned 157 110
Originations of loans held for sale (4,106) (1,270)
Proceeds from the sales of loans receivable 4,293 1,357
Gains on sale of loans receivable (187) (87)
Gains on sales of investment securities (107)
Gains on the sales of other real estate owned (6)
ESOP compensation expense 39 35
Deferred income tax expense 107 288
Increase in accrued interest receivable (98) (142)
Increase in surrender value bank owned life insurance (71) (72)
Decrease in other assets 300 281
Increase in accrued interest payable 30 29
Increase (decrease) in accounts payable and other liabilities 908 (2,185)
Net cash provided (used) by operating activities 2,093 (730)
Investing activities    
Net increase in loans receivable (8,958) (6,996)
Proceeds from the sale of loans receivable 1,200
Purchases of investment securities held to maturity (2,476)
Purchases of investment securities available for sale (6,079)
Sales of investment securities held to maturity 3,408
Principal repayments on investment securities held to maturity 912 3,334
Principal repayments on investment securities available for sale 1,373 364
Purchases of premises and equipment (99) (15)
Investment in other real estate owned (167) (22)
Proceeds from other real estate owned 327 31
Redemptions of Federal Home Loan Bank stock 90
Net cash used by investing activities (2,004) (11,769)
Financing activities    
Net (decrease) increase in deposits (7,747) 7,174
Net increase in escrowed funds 138 114
Repayments of long-term advances (2,000)
Net cash (used) provided by financing activities (7,609) 5,288
Net decrease in cash and cash equivalents (7,520) (7,211)
Cash and cash equivalents, beginning of period 22,334 21,806
Cash and cash equivalents, end of period 14,814 14,595
Cash paid for    
Interest 1,027 891
Income taxes 32
Non-cash investing activities    
Investment securities transferred from held to maturity to available for sale $ 12,619