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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating activities    
Net income $ 5,240 $ 5,524
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation expense 663 628
Premium amortization on investment securities, net 50 112
Provision for credit losses 441 432
Originations of SBA loans held for sale (3,771) (5,450)
Proceeds from the sales of SBA loans 4,113 5,935
Gains on sale of SBA loans (342) (485)
Gains on the sales of other real estate owned (12)
Gains on the sale of premises and equipment (60) (9)
ESOP compensation expense 118 98
Stock-based compensation expense 484 502
Deferred income tax benefit (11) (237)
Increase in accrued interest receivable (478) (665)
Income on bank owned life insurance (279) (278)
Decrease (increase) in other assets 778 (57)
Increase in accrued interest payable 402 128
Decrease in accounts payable and other liabilities (1,873) (1,625)
Net cash provided by operating activities 5,463 4,553
Investing activities    
Net increase in loans receivable (62,524) (60,547)
Purchases of loans receivable (1,000) (13,350)
Purchases of investment securities held-to-maturity (4,000)
Purchases of investment securities available-for-sale (5,953)
Principal repayments on investment securities held-to-maturity 10,872 7,858
Principal repayments on investment securities available-for-sale 977 698
Redemption of bank owned life insurance 52  
Purchases of premises and equipment, net (394) (241)
Proceeds from the sale of premises and equipments 776 19
Investment in other real estate owned (11)
Proceeds from other real estate owned 340
Purchase of Federal Home Loan Bank stock (286) (5,747)
Redemption of Federal Home Loan Bank stock 222 4,143
Net cash used in investing activities (60,918) (67,178)
Financing activities    
Net increase in deposits 33,740 25,739
Net increase in escrowed funds 1,491 500
Proceeds from long-term advances 3,437 17,000
Repayments of long-term advances (4,384) (3,091)
Net change in short-term advances 16,000
Cash dividends paid on common stock (1,361) (1,115)
Purchase of treasury stock (953) (940)
Net cash provided by financing activities 31,970 54,093
Net decrease in cash and cash equivalents (23,485) (8,532)
Cash and cash equivalents, beginning of period 72,532 30,936
Cash and cash equivalents, end of period 49,047 22,404
Cash paid for    
Interest 14,451 6,597
Income taxes 2,270 2,800
Non-cash operating activities    
Real estate acquired in full satisfaction of loans in foreclosure 842
Adoption of ASU 2016-13 $ 354