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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Operating activities    
Net income $ 6,120 $ 2,190
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation expense 835 854
Premium amortization on investment securities, net 167 107
Provision for loan losses 1,629 1,666
Provision for loss on other real estate owned 337 371
Originations of SBA loans held for sale (6,386) (3,623)
Proceeds from the sales of SBA loans 7,135 3,941
Gains on sale of loans (749) (317)
Gains on sales of investment securities (68)
Gains on the sales of other real estate owned (223) (43)
Loss on the sale of premises and equipment 16
ESOP compensation expense 107 126
Deferred income tax benefit (178) (880)
Decrease (increase) in accrued interest receivable 497 (1,897)
Increase in surrender value of bank owned life insurance (317) (324)
(Increase) decrease in other assets (1,551) 700
Decrease in accrued interest payable (106)
Increase (decrease) in accounts payable and other liabilities 1,942 (2,005)
Net cash provided by operating activities 9,259 814
Investing activities    
Net decrease (increase) in loans receivable 17,133 (72,887)
Purchases of loans receivable (3,500) (13,672)
Proceeds from the sale of loans receivable 2,000
Purchases of investment securities held to maturity (38,907) (10,226)
Purchases of investment securities available for sale (10,561) (9,557)
Sales of investment securities available for sale 6,073
Proceeds from calls of investment securities held to maturity 2,000
Proceeds from calls of investment securities available for sale 5,000
Principal repayments on investment securities held to maturity 9,595 9,206
Principal repayments on investment securities available for sale 6,830 5,704
Purchases of premises and equipment (420) (147)
Proceeds from the sale of premises and equipment 703
Investment in other real estate owned (25) (1)
Proceeds from other real estate owned 2,415 4,606
Redemption of Federal Home Loan Bank stock 243 241
Net cash used in investing activities (8,197) (79,957)
Financing activities    
Net increase in deposits 21,484 88,255
Net proceeds from issurance of common stock 37,426
Purchase of common stock for ESOP (3,272)
Net increase in escrowed funds 829 14
Proceeds from long-term advances 41,515
Repayments of long-term advances (44,054) (10,294)
Purchase of treasury stock (90)
Net cash provided by financing activities 12,413 119,400
Net increase in cash and cash equivalents 13,475 40,257
Cash and cash equivalents, beginning of year 61,726 21,469
Cash and cash equivalents, end of year 75,201 61,726
Cash paid for    
Interest 3,047 5,513
Income taxes 2,750 2,275
Non-cash operating activities    
Real estate acquired in full satisfaction of loans in foreclosure 547
Initial recognition of lease liability and right-of-use asset $ 3,835