XML 19 R8.htm IDEA: XBRL DOCUMENT v3.25.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating activities    
Net income $ 7,235 $ 5,240
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation expense 710 663
(Discount) premium (accretion) amortization on investment securities, net (6) 50
Provision for credit losses 172 441
Provision for loss on other real estate owned 58
Originations of SBA loans held for sale (8,941) (3,771)
Proceeds from the sales of SBA loans 9,790 4,113
Gains on sale of SBA loans (848) (342)
Gains on the sales of other real estate owned (287) (12)
Gains on the sale of premises and equipment (60)
ESOP compensation expense 134 118
Stock-based compensation expense 466 484
Deferred income tax expense (229) (11)
Increase in accrued interest receivable (318) (478)
Income on bank owned life insurance (501) (279)
Decrease in other assets 1,393 778
(Decrease) increase in accrued interest payable (143) 402
Decrease in accounts payable and other liabilities (1,142) (1,873)
Net cash provided by operating activities 7,543 5,463
Investing activities    
Net increase in loans receivable (63,490) (62,524)
Purchases of loans receivable (1,000)
Purchases of investment securities held-to-maturity (2,446) (4,000)
Purchases of investment securities available-for-sale (6,915) (5,953)
Proceeds from maturities of investment securities held-to-maturity 8,500
Principal repayments on investment securities held-to-maturity 4,232 10,872
Principal repayments on investment securities available-for-sale 1,084 977
Redemption of bank owned life insurance 3,245 52
Purchases of premises and equipment, net (522) (394)
Proceeds from the sale of premises and land 776
Proceeds from the sale of other real estate owned 1,788 340
Purchase of Federal Home Loan Bank stock (545) (286)
Redemption of Federal Home Loan Bank stock 68 222
Net cash used in investing activities (55,001) (60,918)
Financing activities    
Net increase in deposits 23,288 33,740
Net increase in escrowed funds 306 1,491
Proceeds from long-term advances 8,986 3,437
Repayments of long-term advances (1,500) (4,384)
Proceeds from exercise of stock options 24
Dividends paid on common stock (1,322) (1,361)
Purchase of treasury stock (869) (953)
Net cash provided by financing activities 28,913 31,970
Net decrease in cash and cash equivalents (18,545) (23,485)
Cash and cash equivalents, beginning of period 25,596 72,532
Cash and cash equivalents, end of period 7,051 49,047
Cash paid for    
Interest 17,062 14,451
Income taxes 3,925 2,270
Non-cash operating activities    
Real estate acquired in full satisfaction of loans in foreclosure 842
Adoption of ASU 2016-13 354
Change in fair value of swap asset/liability $ (428) $ (738)