XML 18 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating activities    
Net income $ 725 $ 648
Adjustment to reconcile net income to net cash provided by operating activities    
Depreciation expense 424 403
Premium amortization on investment securities, net 76 94
Provision for loan losses 506 733
Provision for loss on other real estate owned 273 150
Originations of loans held for sale (4,448) (1,683)
Proceeds from the sales of loans receivable 4,664 1,794
Gains on sale of loans receivable (216) (111)
Gains on sales of investment securities (107)
Gains on the sales of other real estate owned (30) (41)
ESOP compensation expense 78 75
Deferred income tax expense 107 495
Increase in accrued interest receivable (34) (239)
Increase in surrender value bank owned life insurance (146) (143)
Increase in other assets (121) (344)
Increase (decrease) in accrued interest payable 12 (4)
Increase (decrease) in accounts payable and other liabilities 481 (1,670)
Net cash provided by operating activities 2,245 157
Investing activities    
Net increase in loans receivable (14,217) (5,470)
Purchases of loans receivable (461) (1,450)
Proceeds from the sale of loans receivable 1,200
Purchases of investment securities held to maturity (3,492) (3,974)
Purchases of investment securities available for sale (1,443) (6,079)
Sales of investment securities held to maturity 3,408
Principal repayments on investment securities held to maturity 1,817 4,581
Principal repayments on investment securities available for sale 1,812 555
Purchases of premises and equipment (205) (89)
Investment in other real estate owned (182) (30)
Proceeds from other real estate owned 845 923
Redemptions (purchases) of Federal Home Loan Bank stock (90) 90
Net cash used by investing activities (11,008) (10,943)
Financing activities    
Net increase in deposits 1,553 1,171
Net increase in escrowed funds 227 261
Proceeds (Repayments) of long-term advances 2,000 (2,000)
Net cash provided (used) by financing activities 3,780 (568)
Net decrease in cash and cash equivalents (4,983) (11,354)
Cash and cash equivalents, beginning of period 22,334 21,806
Cash and cash equivalents, end of period 17,351 10,452
Supplemental disclosures of cash flow information    
Interest 2,081 1,827
Income taxes 814 36
Non-cash investing activities    
Real estate acquired in full satisfaction of loans in foreclosure 399
Investment securities transferred from held to maturity to available for sale $ 12,619