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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating activities    
Net income $ 3,372 $ 2,843
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation expense 417 412
Premium amortization on investment securities, net 104 72
Provision for loan losses 171 1,107
Provision for loss on other real estate owned 215
Originations of SBA loans held for sale (3,591) (3,319)
Proceeds from the sales of SBA loans 4,011 3,688
Gains on sale of loans receivable (420) (369)
Gains on the sales of other real estate owned (79)
ESOP compensation expense 101 50
Deferred income tax expense (benefit) 85 (445)
(Increase) decrease in accrued interest receivable (49) 31
Increase in surrender value of bank owned life insurance (181) (158)
Increase in other assets (845) (458)
Decrease in accrued interest payable (12) (33)
(Decrease) increase in accounts payable and other liabilities (416) 341
Net cash provided by operating activities 2,747 3,898
Investing activities    
Net increase in loans receivable (24,283) (15,994)
Purchases of loans receivable (3,500)
Proceeds from the sale of loans receivable 4,000
Purchases of investment securities held to maturity (29,297) (19,246)
Purchases of investment securities available for sale (10,561)
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 2,595 6,854
Principal repayments on investment securities available for sale 1,103 5,460
Purchase of bank owned life insurance (3,000)
Purchases of premises and equipment (161) (209)
Investment in other real estate owned (12) (25)
Proceeds from other real estate owned 1,725
Redemption of Federal Home Loan Bank stock 177 46
Net cash used in investing activities (52,878) (24,450)
Financing activities    
Net increase in deposits 35,435 22,443
Purchase of common stock for ESOP (98)
Net increase in escrowed funds 117 925
Repayments of long-term advances (4,206) (21,529)
Cash paid on common stock dividends (1,019)
Net cash provided by financing activities 30,229 1,839
Net decrease in cash and cash equivalents (19,902) (18,713)
Cash and cash equivalents, beginning of year 75,201 61,726
Cash and cash equivalents, end of year 55,299 43,013
Supplemental disclosures of cash flow information    
Interest 1,108 1,733
Income taxes 1,500 1,125
Non-cash operating activities    
Real estate acquired in full satisfaction of loans in foreclosure $ 522