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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Operating activities    
Net income $ 1,652 $ 1,810
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation expense 217 208
Premium amortization on investment securities, net 20 43
Provision for credit losses 481 317
Originations of SBA loans held for sale (1,613) (1,825)
Proceeds from the sales of SBA loans 1,741 2,005
Gains on sale of loans (129) (180)
Gains on the sale of premises and equipment (60)
ESOP compensation expense 50 41
Stock-based compensation expense 161 180
Deferred income tax expense (benefit) 221 (237)
Increase in accrued interest receivable (248) (348)
Increase in surrender value of bank owned life insurance (95) (95)
Decrease in other assets 733 160
Increase in accrued interest payable 213 77
Decrease in accounts payable and other liabilities (120) (821)
Net cash provided by operating activities 3,224 1,335
Investing activities    
Net increase in loans receivable (31,934) (46,554)
Purchases of investment securities held-to-maturity (2,000)
Purchases of investment securities available-for-sale (1,953)
Principal repayments on investment securities held-to-maturity 3,487 992
Principal repayments on investment securities available-for-sale 384 209
Purchases of premises and equipment, net (128) (10)
Proceeds from the sale of land 776
Investment in other real estate owned (11)
Purchase of Federal Home Loan Bank stock (76) (2,582)
Redemption of Federal Home Loan Bank stock 108 1,923
Net cash used in investing activities (31,336) (46,033)
Financing activities    
Net increase in deposits 8,095 8,350
Net increase in escrowed funds 229 (39)
Proceeds from long-term advances 1,690 3,000
Repayments of long-term advances (2,409)
Net change in short-term advances   11,100
Cash dividends paid on common stock (716) (744)
Purchase of treasury stock (192) (27)
Net cash provided by financing activities 6,697 21,640
Net decrease in cash and cash equivalents (21,415) (23,058)
Cash and cash equivalents, beginning of period 72,532 30,936
Cash and cash equivalents, end of period 51,117 7,878
Cash paid for    
Interest 4,100 1,533
Income taxes
Non-cash operating activities    
Adoption of ASU 2016-13 $ 354