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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating activities    
Net income $ 7,709 $ 7,919
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation expense 840 839
Premium amortization on investment securities, net 137 191
Provision for loan losses 381 304
Originations of SBA loans held for sale (6,494) (9,533)
Proceeds from the sales of SBA loans 7,059 10,457
Gains on sale of loans (565) (925)
Gains on the sales of other real estate owned (67)
Gains on the sale of premises and equipment (9)
ESOP compensation expense 122 179
Stock-based compensation expense 664 6
Deferred income tax (benefit) expense (615) 152
(Increase) decrease in accrued interest receivable (859) 55
Increase in surrender value of bank owned life insurance (370) (372)
Increase in other assets (280) (1,555)
Increase in accrued interest payable 358
(Decrease) increase in accounts payable and other liabilities 406 3,551
Net cash provided by operating activities 8,484 11,201
Investing activities    
Net increase in loans receivable (56,258) (37,235)
Purchases of loans receivable (13,350)
Proceeds from the sale of loans receivable 2,389
Purchases of investment securities held-to-maturity (4,587) (41,138)
Purchases of investment securities available-for-sale (1,965)
Principal repayments on investment securities held-to-maturity 10,313 7,040
Principal repayments on investment securities available-for-sale 970 1,875
Purchases of bank owned life insurance (3,000)
Purchases of premises and equipment (309) (387)
Proceeds from the sale of premises and equipment 19
Investment in other real estate owned (47) (12)
Proceeds from other real estate owned 434
Purchase of Federal Home Loan Bank stock (5,820) (466)
Redemption of Federal Home Loan Bank stock 4,981 757
Net cash used in investing activities (66,053) (69,743)
Financing activities    
Net increase in deposits 87,720 27,919
Purchase of common stock for ESOP (98)
Net increase in escrowed funds 87 165
Proceeds from long-term advances 18,631 3,000
Repayments of long-term advances (4,741) (10,731)
Cash dividends paid on common stock (1,315) (1,427)
Purchase of treasury stock (1,217) (4,551)
Net cash provided by financing activities 99,165 14,277
Net increase (decrease) in cash and cash equivalents 41,596 (44,265)
Cash and cash equivalents, beginning of year 30,936 75,201
Cash and cash equivalents, end of year 72,532 30,936
Cash paid for    
Interest 9,977 2,485
Income taxes $ 3,255 $ 3,140