Pulaski Financial (PULB) 10-K 11 Dec 15 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2015	Dec. 10, 2015	Mar. 31, 2015
Document and Entity Information
Entity Registrant Name	PULASKI FINANCIAL CORP
Entity Central Index Key	1,062,438
Document Type	10-K
Document Period End Date	Sep. 30, 2015
Amendment Flag	false
Current Fiscal Year End Date	--09-30
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Public Float			$ 115.6
Entity Common Stock, Shares Outstanding		11,920,597
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Sep. 30, 2015	Sep. 30, 2014
ASSETS
Cash and amounts due from depository institutions	$ 11,996,951	$ 13,746,207
Federal funds sold and overnight interest-bearing deposits	67,786,775	67,802,886
Total cash and cash equivalents	79,783,726	81,549,093
Debt and mortgage-backed securities available for sale, at fair value	5,326,831	13,079,606
Debt and mortgage-backed securities held to maturity, at amortized cost (fair value of $42,319,807 and $28,496,302 at September 30, 2015 and 2014, respectively)	42,201,040	28,351,669
Capital stock of Federal Home Loan Bank and Federal Reserve Bank, at cost	11,156,300	8,267,800
Mortgage loans held for sale, at fair value at September 30, 2015 and lower of cost or market at September 30, 2014	112,651,387	58,139,427
Loans receivable (net of allowance for loan losses of $15,799,107 and $15,978,421 at September 30, 2015 and 2014, respectively)	1,188,369,404	1,110,861,490
Real estate acquired in settlement of loans (net of allowance for losses of $76,700 and $741,429 at September 30, 2015 and 2014, respectively)	5,150,663	5,802,254
Premises and equipment, net	17,589,765	17,259,351
Goodwill	3,938,524	3,938,524
Accrued interest receivable	3,151,019	2,969,854
Bank-owned life insurance	34,571,455	33,670,148
Deferred tax assets, net	8,391,617	8,998,844
Prepaid expenses, accounts receivable and other assets	9,412,615	7,208,585
Total assets	1,521,694,346	1,380,096,645
LIABILITIES:
Deposits	1,137,804,738	1,021,653,104
Borrowed money	219,853,652	210,940,082
Subordinated debentures	19,589,000	19,589,000
Advance payments by borrowers for taxes and insurance	4,936,967	4,174,043
Accrued interest payable	488,647	354,524
Other liabilities	17,523,252	11,269,756
Total liabilities	1,400,196,256	1,267,980,509
STOCKHOLDERS' EQUITY :
Common stock - $0.01 par value per share, 18,000,000 shares authorized; 13,082,087 shares issued at September 30, 2015 and 2014	130,821	130,821
Treasury stock - at cost (1,259,395 and 1,399,240 shares at September 30, 2015 and 2014, respectively)	(11,981,018)	(12,657,442)
Additional paid-in capital	61,871,570	62,739,343
Accumulated other comprehensive income (loss), net	3,204	(26,210)
Retained earnings	71,473,513	61,929,624
Total stockholders' equity	121,498,090	112,116,136
Total liabilities and stockholders' equity	$ 1,521,694,346	$ 1,380,096,645

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)	Sep. 30, 2015	Sep. 30, 2014
CONSOLIDATED BALANCE SHEETS
Mortgage-backed securities held to maturity, fair value	$ 42,319,807	$ 28,496,302
Loans receivable, allowance for loan losses	15,799,107	15,978,421
Real estate acquired in settlement of loans, allowance for losses	$ 76,700	$ 741,429
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	18,000,000	18,000,000
Common stock, shares issued (in shares)	13,082,087	13,082,087
Treasury stock, shares (in shares)	1,259,395	1,399,240

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
INTEREST AND DIVIDEND INCOME:
Loans receivable	$ 45,798,661	$ 44,821,977	$ 46,044,445
Mortgage loans held for sale	3,776,844	2,195,153	5,169,547
Securities and other	455,297	410,168	399,630
Total interest and dividend income	50,030,802	47,427,298	51,613,622
INTEREST EXPENSE:
Deposits	4,167,877	3,514,400	4,965,183
Borrowed money	984,644	1,219,605	970,184
Subordinated debentures	500,494	496,052	509,437
Total interest expense	5,653,015	5,230,057	6,444,804
Net interest income	44,377,787	42,197,241	45,168,818
Provision for loan losses	2,000,000	1,210,000	12,090,000
Net interest income after provision for loan losses	42,377,787	40,987,241	33,078,818
NON-INTEREST INCOME:
Mortgage revenues	9,872,608	3,918,247	12,331,500
Retail banking fees	4,256,380	4,252,322	4,194,912
Investment brokerage revenues		163,765	973,963
Bank-owned life insurance income	901,307	922,897	903,177
Other	2,912,765	284,580	366,531
Total non-interest income	17,943,060	9,541,811	18,770,083
NON-INTEREST EXPENSE:
Salaries and employee benefits	21,386,494	17,713,542	17,746,857
Occupancy, equipment and data processing expense	12,019,816	10,815,509	10,111,830
Advertising	709,015	637,188	545,339
Professional services	1,845,577	2,268,761	2,524,107
FDIC deposit insurance premium expense	1,004,292	1,091,086	1,251,848
Real estate foreclosure losses (recoveries) and expense, net	31,589	(323,793)	2,209,968
Postage, document delivery and office supplies expense	741,199	649,201	692,952
Other	1,507,794	1,411,613	2,160,345
Total non-interest expense	39,245,776	34,263,107	37,243,246
Income before income taxes	21,075,071	16,265,945	14,605,655
Income tax expense	6,947,624	5,232,583	4,796,596
Net income	14,127,447	11,033,362	9,809,059
OTHER COMPREHENSIVE INCOME:
Unrealized gain (loss) on debt and mortgage-backed securities available for sale	47,444	(1,081)	(75,831)
Income tax (expense) benefit	(18,030)	411	28,816
Net unrealized gain (loss)	29,414	(670)	(47,015)
Comprehensive income	14,156,861	11,032,692	9,762,044
Income available for common shares	$ 14,127,447	$ 10,223,110	$ 8,289,487
Per Common Share Amounts:
Basic earnings per common share (in dollars per share)	$ 1.19	$ 0.92	$ 0.76
Weighted average common shares outstanding - basic (in shares)	11,825,104	11,154,695	10,892,136
Diluted earnings per common share (in dollars per share)	$ 1.17	$ 0.88	$ 0.74
Weighted average common shares outstanding - diluted (in shares)	12,064,356	11,570,033	11,132,941

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)	Preferred Stock, Net of Discount	Common Stock	Treasury Stock	Additional Paid-In Capital	Accumulated Other Comprehensive Loss	Retained Earnings	Total
BALANCE at Sep. 30, 2012	$ 24,976,239	$ 130,687	$ (15,939,378)	$ 56,849,475	$ 21,475	$ 52,128,674	$ 118,167,172
Increase (Decrease) in Stockholders' Equity
Net income						9,809,059	9,809,059
Other comprehensive loss					(47,015)		(47,015)
Common stock dividends ($0.38 per share)						(4,326,992)	(4,326,992)
Commission on shares purchased for dividend reinvestment plan				(24,027)			(24,027)
Preferred stock dividends						(1,234,529)	(1,234,529)
Accretion of discount on preferred stock	307,647					(307,647)
Repurchase of preferred shares (10,000 and 8,030 shares for the year ended September 30, 2014 and 2013)	(7,973,803)					22,604	(7,951,199)
Stock options exercised (44,400 shares, 21,900 shares, and 23,400 shares for the year ended September 30, 2015, 2014 and 2013)			92,122	118,239			210,361
Stock option and award expense				1,222,419			1,222,419
Common stock issued (604,542 shares and 13,653 shares for the year ended September 30, 2014 and 2013)		136		(136)
Common stock issued under employee compensation plans (20,846 shares, 40,904 shares, and 15,622 shares for the year ended September 30, 2015, 2014 and 2013)			(472,329)	252,053			(220,276)
Purchase of equity trust shares from Treasury, net (42,151 shares)				566,527			566,527
Distribution of equity trust shares, net (200,545 shares, 803 shares and 57,442 shares for the year ended September 30, 2015, 2014 and 2013)			468,544	(783,643)			(315,099)
Amortization of equity trust expense				159,203			159,203
Tax benefit from release of equity shares				42,462			42,462
BALANCE at Sep. 30, 2013	17,310,083	130,823	(15,851,041)	58,402,572	(25,540)	56,091,169	116,058,066
Increase (Decrease) in Stockholders' Equity
Net income						11,033,362	11,033,362
Other comprehensive loss					(670)		(670)
Common stock dividends ($0.38 per share)						(4,384,655)	(4,384,655)
Commission on shares purchased for dividend reinvestment plan				(19,802)			(19,802)
Preferred stock dividends						(705,520)	(705,520)
Accretion of discount on preferred stock	77,917					(77,917)
Repurchase of preferred shares (10,000 and 8,030 shares for the year ended September 30, 2014 and 2013)	(10,000,000)						(10,000,000)
Redemption of preferred shares (6,653 shares)	(6,653,000)						(6,653,000)
Exchange of preferred shares (735 shares) for common shares (68,818 shares)	$ (735,000)		340,511	421,304		(26,815)
Stock options exercised (44,400 shares, 21,900 shares, and 23,400 shares for the year ended September 30, 2015, 2014 and 2013)			141,159	52,007			193,166
Stock option and award expense				(7,669)			(7,669)
Common stock issued (604,542 shares and 13,653 shares for the year ended September 30, 2014 and 2013)			3,421,039	3,189,637			6,610,676
Common stock issued under employee compensation plans (20,846 shares, 40,904 shares, and 15,622 shares for the year ended September 30, 2015, 2014 and 2013)		(2)	208,961	(93,956)			115,003
Forfeiture of restricted common stock (1,368 shares and 102,779 shares for the year ended September 30, 2015 and 2014)			(752,676)	752,676
Common stock surrendered to satisfy tax withholding obligations of stock-based compensation (124,578 and 15,830 shares for the year ended September 30, 2015 and 2014)			(172,630)				(172,630)
Distribution of equity trust shares, net (200,545 shares, 803 shares and 57,442 shares for the year ended September 30, 2015, 2014 and 2013)			7,235	(7,235)
Amortization of equity trust expense				55,307			55,307
Excess tax benefit eliminate from stock-based compensation				(6,171)			(6,171)
Tax benefit from release of equity shares				673			673
BALANCE at Sep. 30, 2014		130,821	(12,657,442)	62,739,343	(26,210)	61,929,624	112,116,136
Increase (Decrease) in Stockholders' Equity
Net income						14,127,447	14,127,447
Other comprehensive loss					29,414		29,414
Common stock dividends ($0.38 per share)						(4,583,558)	(4,583,558)
Commission on shares purchased for dividend reinvestment plan				(16,191)			(16,191)
Stock options exercised (44,400 shares, 21,900 shares, and 23,400 shares for the year ended September 30, 2015, 2014 and 2013)			290,731	150,279			441,010
Stock option and award expense				221,589			221,589
Common stock issued under employee compensation plans (20,846 shares, 40,904 shares, and 15,622 shares for the year ended September 30, 2015, 2014 and 2013)			136,500	(6,045)			130,455
Forfeiture of restricted common stock (1,368 shares and 102,779 shares for the year ended September 30, 2015 and 2014)			(13,338)	13,338
Common stock surrendered to satisfy tax withholding obligations of stock-based compensation (124,578 and 15,830 shares for the year ended September 30, 2015 and 2014)			(1,544,379)				(1,544,379)
Distribution of equity trust shares, net (200,545 shares, 803 shares and 57,442 shares for the year ended September 30, 2015, 2014 and 2013)			1,806,910	(1,806,910)
Amortization of equity trust expense				115,093			115,093
Excess tax benefit eliminate from stock-based compensation				177,129			177,129
Tax benefit from release of equity shares				283,945			283,945
BALANCE at Sep. 30, 2015		$ 130,821	$ (11,981,018)	$ 61,871,570	$ 3,204	$ 71,473,513	$ 121,498,090

CONSOLIDATED STATEMENTS OF STO6

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
Common stock dividends (in dollars per share)	$ 0.38	$ 0.38	$ 0.38
Repurchase of preferred shares (in shares)		10,000	8,030
Redemption of preferred shares		6,653
Exchange of preferred shares (in shares)		735
Shares exchanged (in shares)		68,818
Stock options exercised (in shares)	44,400	21,900	23,400
Common stock issued (in shares)		604,542	13,653
Common stock issued under employee compensation plans (in shares)	20,846	40,904	15,622
Restricted common stock forfeited (in shares)	1,368	102,779
Common stock surrendered to satisfy tax withholding obligations of stock-based compensation (in shares)	124,578	15,830
Purchase of equity trust shares from treasury, net			42,151
Distribution of equity trust shares, net (in shares)	200,545	803	57,442

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 14,127,447	$ 11,033,362	$ 9,809,059
Depreciation, amortization and accretion:
Premises and equipment	2,162,731	2,077,120	1,975,944
Net deferred loan costs	2,263,298	1,709,617	1,739,472
Debt and mortgage-backed securities premiums and discounts, net	291,720	130,779	446,776
Equity trust expense	115,093	55,307	159,203
Stock option and award expense (benefit)	221,589	(7,669)	1,222,419
Provision for loan losses	2,000,000	1,210,000	12,090,000
Provision for (recovery of) losses on real estate acquired in settlement of loans	224,100	(344,859)	1,770,126
Gains on sales of real estate acquired in settlement of loans	(499,783)	(221,036)	(487,251)
Originations of mortgage loans held for sale	(1,453,189,085)	(736,293,101)	(1,305,191,000)
Proceeds from sales of mortgage loans held for sale	1,399,109,790	746,388,724	1,408,575,064
Gain on sales of loans held for sale	(11,074,790)	(4,764,724)	(12,794,064)
Increase in cash value of bank-owned life insurance	(901,307)	(922,897)	(903,177)
Decrease in deferred tax asset	607,227	1,571,391	1,068,257
Common stock issued under employee compensation plans	130,455	115,003	99,997
Excess tax (benefit) expense from stock-based compensation	(177,129)	6,171
Tax benefit for release of equity trust shares	(283,945)	(673)	(42,462)
Increase (decrease) in accrued expenses	576,564	(351,500)	(11,715)
(Decrease) increase in current income taxes payable	(379,086)	1,074,570	(463,155)
Changes in other assets and liabilities	4,247,990	(366,254)	5,089,942
Net adjustments	(54,554,568)	11,065,969	114,344,376
Net cash (used in) provided by operating activities	(40,427,121)	22,099,331	124,153,435
Proceeds from:
Maturities of debt securities held to maturity	30,300,000	25,000,000
Maturities of debt securities available for sale	12,825,000	58,255,000	72,785,000
Principal payments on mortgage-backed securities	774,846	1,052,573	1,413,554
Redemption of Federal Home Loan Bank stock	31,616,000	19,801,600	18,840,800
Sales of real estate acquired in settlement of loans receivable	4,929,495	5,506,995	13,708,908
Sales of equipment	8,686	8,974	25,363
Purchases of:
Debt securities held to maturity	(45,096,018)	(50,123,099)
Debt securities available for sale	(5,144,700)	(32,536,680)	(90,353,709)
Federal Home Loan Bank stock	(31,878,900)	(23,292,000)	(18,059,600)
Federal Reserve Bank stock	(2,625,600)
Premises and equipment	(2,501,831)	(1,486,332)	(1,444,443)
Net increase in loans receivable	(75,131,308)	(122,458,446)	(14,693,092)
Cash paid for equity in joint venture		(58,000)
Cash received from equity in joint venture			60,000
Net cash (used in) provided by investing activities	(81,924,330)	(120,329,415)	(17,717,219)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net increase (decrease) in deposits	116,151,634	10,841,505	(70,886,719)
Net increase (decrease) in overnight retail repurchase agreements	7,313,570	(1,692,827)	14,501,454
Net increase in overnight Federal Home Loan Bank advances	27,600,000	89,900,000	(11,000,000)
Repayment of long-term Federal Home Loan Bank advances at maturity	(25,000,000)
Proceeds received from term loan		10,000,000
Payments on term loan	(1,000,000)	(750,000)
Net increase (decrease) in advance payments by borrowers for taxes and insurance	762,924	309,184	(1,724,526)
Proceeds from stock options exercised	441,010	193,166	210,361
Issuance of treasury shares to equity trust			566,527
Excess tax (benefit) expense from stock-based compensation	177,129	(6,171)
Tax expense (benefit) from release of equity trust shares	283,945	673	42,462
Repurchase of preferred shares, net		(10,000,000)	(7,951,199)
Redemption of preferred shares		(6,653,000)
Dividends paid on common stock	(4,583,558)	(4,384,655)	(4,326,992)
Dividends paid on preferred stock		(705,520)	(1,234,529)
Proceeds from issuance of common stock		6,610,676
Commission on shares purchased for dividend reinvestment plan	(16,191)	(19,802)	(24,027)
Common stock surrendered to satisfy tax withholding obligations of stock-based compensation	(1,544,379)	(172,630)	(635,372)
Net cash provided by (used in) financing activities	120,586,084	93,470,599	(82,462,560)
Net (decrease) increase in cash and cash equivalents	(1,765,367)	(4,759,485)	23,973,656
Cash and cash equivalents at beginning of year	81,549,093	86,308,578	62,334,922
Cash and cash equivalents at end of year	79,783,726	81,549,093	86,308,578
Cash paid during the period for:
Interest on deposits	3,990,513	3,631,707	5,190,095
Interest on borrowed money	984,325	1,218,975	971,118
Interest on subordinated debentures	499,662	495,609	509,857
Cash paid during the period for interest	5,474,500	5,346,291	6,671,070
Income taxes, net	6,276,437	2,591,734	4,120,217
NON-CASH ACTIVITIES:
Real estate acquired in settlement of loans receivable	4,370,212	4,687,842	8,869,377
Loans to facilitate the sale of real estate acquired in settlement of loans receivable	$ 367,991	339,200	$ 1,435,050
Exchange of preferred shares for common shares		$ 735,000

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Sep. 30, 2015
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Pulaski Financial Corp. (the “Company”) is the holding company for Pulaski Bank, N.A. (the “Bank”). The Company’s primary assets are its investment in the Bank and cash. The Company also maintains two special-purpose subsidiary trusts that issued preferred securities. Management of the Company and the Bank are substantially similar and the Company neither owns nor leases any property, but instead uses the premises, equipment and furniture of the Bank. Accordingly, the information in the consolidated financial statements relates primarily to the Bank. The Company, through the Bank, operates in a single business segment, which is a community-oriented financial institution providing traditional financial services through the operation of thirteen full-service bank locations in the St. Louis metropolitan area and loan production offices in the St. Louis, Kansas City, Chicago and Omaha-Council-Bluffs metropolitan areas, mid-Missouri, southwestern Missouri, eastern Kansas and Lincoln, Nebraska. The Bank is engaged primarily in the business of attracting deposits from the general public and using these and other funds to originate a variety of residential, commercial and consumer loans within the Bank’s lending market areas. The Bank is an approved lender/servicer for the Federal Housing Administration (“FHA”), the Veterans Administration (“VA”) and the United States Department of Agriculture, as well as for various low-income or first-time home buyer programs offered by agencies in the states in which the Bank operates. The accounting and reporting policies and practices of the Company and its subsidiaries conform to U.S. Generally Accepted Accounting Principles (“GAAP”) and to prevailing practices within the banking industry. A summary of the Company’s significant accounting policies follows. Principles of Consolidation - The consolidated financial statements include the accounts of Pulaski Financial Corp. and its wholly-owned subsidiary, Pulaski Bank, and its wholly-owned subsidiaries, Pulaski Service Corporation and Priority Property Holdings, LLC. All significant intercompany transactions have been eliminated in consolidation. Use of Estimates - The preparation of these consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and that affect the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. The determination of the allowance for loan losses and the liability for loans sold and the valuation of the deferred tax asset are significant estimates reported within the consolidated financial statements. Cash and Cash Equivalents - For purposes of reporting cash flows, cash and cash equivalents include cash and amounts due from depository institutions, cash in transit, cash in the process of collection, federal funds sold, and overnight deposits at the Federal Home Loan Bank of Des Moines (“Federal Home Loan Bank” or “FHLB”) and Federal Reserve Bank of St. Louis (“Federal Reserve”). Generally, federal funds sold mature within one day. Debt and Mortgage-Backed Securities Available for Sale — Debt and mortgage-backed securities available for sale are recorded at their fair values, adjusted for amortization of premiums and accretion of discounts, which are recognized as adjustments to interest income over the life of the securities using the level-yield method. Refer to Note 18 , Fair Value Measurements , for additional information regarding how fair values are determined. Unrealized gains or losses on debt and mortgage-backed securities available for sale are included in accumulated other comprehensive income (loss) as separate component of stockholders’ equity, net of deferred income taxes. Gains or losses on the disposition of debt and mortgage-backed securities available for sale are recognized using the specific-identification method. Mortgage-Backed Securities Held to Maturity - Mortgage-backed securities held to maturity are stated at cost, adjusted for amortization of premiums and accretion of discounts, since the Company has both the ability and intent to hold the securities to maturity. Premium amortization and discount accretion are recognized as adjustments to interest income over the life of the securities using the level-yield method. Other-Than-Temporary Impairment of Debt and Mortgage-Backed Securities - When determining whether a debt or mortgage-backed security is other-than-temporarily impaired, management assesses whether (a) it has the intent to sell the security and (b) it is more likely than not that it will be required to sell the security prior to its anticipated recovery. In instances when a determination is made that an other-than-temporary impairment exists but management does not intend to sell the security and it is not more likely than not that it will be required to sell the security prior to its anticipated repayment or maturity, the other-than-temporary impairment is separated into (a) the amount of the total other-than-temporary impairment related to a decrease in cash flows expected to be collected from the security (the credit loss), and (b) the amount of the total other-than-temporary impairment related to all other factors. The amount of the total other-than-temporary impairment related to the credit loss is recognized as a charge to earnings. The amount of the total other-than-temporary impairment related to all other factors is recognized in other comprehensive income. Capital Stock of the Federal Home Loan Bank - Capital stock of the Federal Home Loan Bank of Des Moines is required for membership in the FHLB and is carried at cost. The Bank must maintain a specified level of investment in FHLB stock based upon the amount of its outstanding FHLB borrowings. The value of FHLB stock is based upon the recoverability of the par value. In determining the recoverability of this investment, the Company considered the structure of the FHLB system, which enables the regulator of the FHLBs to reallocate debt among the members, so each individual FHLB has a potential obligation to repay the consolidated obligations issued by other FHLB members. In addition, the regulator for the FHLB system oversees changes to management, management practices and balance sheet management at the FHLB. Finally, the liquidity position of the FHLB has been strengthened with the support of the U.S. Treasury, which established a lending facility designed to provide secured funding on an as-needed basis to government-sponsored enterprises, such as the FHLB. The Company continues to monitor this investment for recoverability, but as of September 30, 2015, believed that it would recover the par value of the FHLB stock. Capital Stock of the Federal Reserve Bank - Capital stock of the Federal Reserve is required for membership in the Federal Reserve and is carried at cost. The Bank must maintain a specified level of investment in FRB stock equal to 6 per centum of the paid-up capital stock and surplus of the Bank. The outstanding capital stock shall increase as members increase their capital stock and surplus. Mortgage Loans Held for Sale — Mortgage loans held for sale consist of loans that management does not intend to hold until maturity and are reflected at their fair values, as the Company has elected to apply the fair value method of accounting, with changes in fair value recognized in earnings, consistent with the provisions in Accounting Standards Codification (“ASC”) Topic 820, Fair Value Measurements and Disclosures . The Company accounted for mortgage loans held for sale that were originated prior to January 1, 2015 under the lower of cost or fair value option, with any corresponding adjustments recorded as a valuation adjustment, if necessary. Fair value adjustments are recorded as a component of gain on sale in mortgage revenues in the statement of comprehensive income. The fair value of the mortgage loans held for sale are measured using observable quoted market or contract prices or market price equivalents, which are consistent with those used by other market participants. Consistent with the fair value principles of ASC Topic 820, any direct loan origination fees and costs related to loans accounted for at fair value are recognized in the statement of comprehensive income when earned or incurred rather than capitalized and accounted for as a part of the cost basis of loans held for sale. Loans Receivable - Loans receivable are stated at the principal amounts outstanding adjusted for premiums, discounts, deferred loan fees and costs, loans in process and the allowance for loan losses. Loan origination and commitment fees on originated loans, net of certain direct loan origination costs, are deferred and amortized to interest income using the level-yield method over the estimated lives of the related loans. Interest on loans is accrued based upon the principal amounts outstanding. Refer to Note 4 , Loans Receivable and Allowance for Loan Losses , for summaries of the Company’s accounting policies regarding impaired loans and the related recognition of interest income, troubled debt restructurings and the allowance for loan losses. Real Estate Acquired in Settlement of Loans - Real estate acquired as a result of foreclosure or by deed-in-lieu of foreclosure is initially recorded at the lower of its cost, which is the unpaid principal balance of the related loan plus foreclosure costs, or fair value less estimated selling costs. Any write-down to fair value at the time the property is acquired is recorded as a charge-off to the allowance for loan losses. Any decline in the fair value of the property subsequent to acquisition is charged to non-interest expense and credited to the valuation allowance for real estate acquired in settlement of loans. Refer to Note 18 Fair Value Measurements , for additional information regarding how fair values are determined. Derivative Financial Instruments - The Company originates and purchases derivative financial instruments, including interest rate lock commitments issued to residential loan customers for loans that will be held for sale, forward sales commitments to sell residential mortgage loans to loan investors and interest rate swaps. These instruments have certain interest rate risk characteristics that change in value based upon changes in the capital markets. Interest Rate Lock Commitments : Commitments to originate loans to be held for sale (interest rate lock commitments), which primarily consist of commitments to originate fixed-rate residential mortgage loans, are recorded at their fair values in other assets or other liabilities in the consolidated financial statements, with changes in the fair values of the corresponding derivative financial assets or liabilities recorded as either a charge or credit to the gain on sale component of mortgage revenues during the period in which the changes occurred. Such derivative financial instruments are recorded as an adjustment to the carrying value of the resulting loan once funded. Forward Sales Commitments - The Company generally economically hedges mortgage loans held for sale and interest rate lock commitments issued to its residential loan customers related to loans that will be held for sale by obtaining corresponding best-efforts forward sales commitments with an investor to sell the loans at an agreed-upon price at the time the interest rate locks are issued to the customers. Forward sales commitments that meet the definition of derivative financial instruments under ASC Topic 815, Derivatives and Hedging , are carried at their fair values in other assets or other liabilities in the consolidated financial statements. The Company does not designate these forward sales commitments for hedge accounting treatment, and accordingly, changes in fair value of the corresponding derivative financial asset or liability are recorded as either a charge or credit to the gain on sale component of mortgage revenues during the period in which the changes occur. Interest Rate Swaps : The Company periodically uses derivative financial instruments (primarily interest rate swaps) to assist in its interest rate risk management. All derivatives are measured and reported at fair value on the Company’s consolidated balance sheets as either an asset or a liability. For derivatives that are designated and qualify as a fair value hedge, the gain or loss on the derivative, as well as the offsetting gain or loss on the hedged item attributable to the hedged risk, are reported as other assets or other liabilities, as appropriate, in the consolidated balance sheets. For all hedging relationships, derivative gains and losses that are not effective in hedging the changes in fair value of the hedged item are recognized in earnings during the period of the change. Similarly, the changes in the fair value of derivatives that do not qualify for hedge accounting are also reported in non-interest income when they occur. The net cash settlements on derivatives that qualify for hedge accounting are recorded in interest income or interest expense, based on the item being hedged. The net cash settlements on derivatives that do not qualify for hedge accounting are reported in non-interest income. At the inception of the fair value hedge and quarterly thereafter, a formal assessment is performed to determine whether changes in the fair values of the derivatives have been highly effective in offsetting the changes in the fair values of the underlying hedged item and whether they are expected to be highly effective in the future. The Company formally documents all relationships between hedging instruments and hedged items, as well as its risk-management objective and strategy for undertaking the hedge. This process includes identification of the hedging instrument, hedged item, risk being hedged and the method for assessing effectiveness and measuring ineffectiveness. In addition, on a quarterly basis, the Company assesses whether the derivative used in the hedging transaction is highly effective in offsetting changes in fair value of the hedged item, and measures and records any ineffectiveness as a credit or charge to earnings. The Company discontinues hedge accounting prospectively when it is determined that the derivative is or will no longer be effective in offsetting changes in the fair value of the hedged item, the derivative expires, is sold or terminated, or management determines that designation of the derivative as a hedging instrument is no longer appropriate. The estimates of fair values of the Company’s derivatives and related liabilities are calculated by an independent third party using proprietary valuation models. The fair values produced by these valuation models are, in part, theoretical and reflect assumptions, which must be made in using the valuation models. Small changes in assumptions could result in significant changes in valuation. The risks inherent in the determination of the fair value of a derivative may result in income statement volatility. Premises and Equipment - Premises and equipment are stated at cost, less accumulated depreciation. Depreciation charged to operations is primarily computed utilizing the straight-line method over the estimated useful lives of the related assets. Estimated lives range from three to forty years for buildings and improvements and three to ten years for furniture and equipment. Maintenance and repairs are charged to expense when incurred. Major renewals and improvements are capitalized. Gains and losses on dispositions are credited or charged to earnings as incurred. Goodwill - Goodwill represents the amount of acquisition cost over the fair value of net assets acquired in the purchase of another financial institution. The Company reviews goodwill for impairment at least annually, or more frequently if events or changes in circumstances indicate that the carrying value of the asset might be impaired. Impairment is determined by comparing the implied fair value of the reporting unit goodwill with the carrying amount of that goodwill. If the carrying amount of the reporting unit goodwill exceeds the implied fair value of that goodwill, an impairment loss is recognized in an amount equal to that excess. Any such adjustments are reflected in the results of operations in the periods in which they become known. After a goodwill impairment loss is recognized, the adjusted carrying amount of goodwill becomes its new accounting basis. No such impairment losses were recognized during any of the years in the three-year period ended September 30, 2015. Stock-Based Compensation - The Company maintains a number of stock-based incentive programs, which are discussed in more detail in Note 15. All stock-based compensation is recognized as an expense in the consolidated financial statements based on the fair value of the award. Income Taxes — Current income tax expense approximates taxes to be paid or refunded for the current period. Deferred income tax expense is computed using the balance sheet method. Under this method, the net deferred tax asset or liability is based on the tax effects of the differences between the book and tax bases of assets and liabilities, and recognizes enacted changes in tax rates and laws in the period in which they occur. Deferred income tax expense results from changes in deferred tax assets and liabilities between periods. Deferred tax assets are recognized subject to management’s judgment that realization is more likely than not. An uncertain tax position that meets the “more likely than not” recognition threshold is measured to determine the amount of benefit to recognize. The tax position is measured at the largest amount of benefit that is greater than 50% likely of being realized upon settlement. Interest and penalties are recognized as a component of income tax expense.

EARNINGS PER SHARE

EARNINGS PER SHARE	12 Months Ended
	Sep. 30, 2015
EARNINGS PER SHARE
EARNINGS PER SHARE	2. EARNINGS PER SHARE Basic earnings per share is computed using the weighted average number of common shares outstanding. The effect of potential dilutive securities is included in diluted earnings per share. The computations of basic and diluted earnings per share are presented in the following table . Years Ended September 30, 2015 2014 2013 Net income $ $ $ Add (less): (Loss) benefit from repurchase of preferred stock, net — ) Preferred dividends declared — ) ) Accretion of discount on preferred stock — ) ) Income available for common shares $ $ $ Weighted average common shares outstanding - basic Effect of dilutive securities: Treasury stock held in equity trust - unvested shares Equivalent shares - employee stock options and awards Weighted average common shares outstanding - diluted Earnings per share: Basic $ $ $ Diluted Under the treasury stock method, outstanding stock options are dilutive when the average market price of the Company’s common stock, when combined with the effect of any unamortized compensation expense, exceeds the option price during a period. Proceeds from the assumed exercise of dilutive options along with the related tax benefit are assumed to be used to repurchase common shares at the average market price of such stock during the period. Options to purchase common shares totaling 177,194, 389,824, and 450,758 were excluded from the computations of diluted earnings per share for the years ended September 30, 2015, 2014 and 2013, respectively, because the exercise price of the options, when combined with the effect of the unamortized compensation expense, were greater than the average market price of the common shares and were considered anti-dilutive.

DEBT AND MORTGAGE-BACKED SECURI

DEBT AND MORTGAGE-BACKED SECURITIES	12 Months Ended
	Sep. 30, 2015
DEBT AND MORTGAGE-BACKED SECURITIES
DEBT AND MORTGAGE-BACKED SECURITIES	3. DEBT AND MORTGAGE-BACKED SECURITIES The amortized cost and estimated fair value of debt and mortgage-backed securities held to maturity and available for sale at September 30, 2015 and 2014 are summarized as follows: September 30, 2015 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value HELD TO MATURITY: Debt obligations of government- sponsored entities $ $ $ ) $ Mortgage-backed securities: Ginnie Mae — Fannie Mae — Collateralized mortgage obligations: Freddie Mac — Total held to maturity $ $ $ ) $ Weighted average yield at end of year % AVAILABLE FOR SALE: Debt obligations of government- sponsored entities $ $ $ — $ Mortgage-backed securities: Ginnie Mae — Total available for sale $ $ $ — $ Weighted average yield at end of year % September 30, 2014 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value HELD TO MATURITY: Debt obligations of U.S. Treasury $ $ $ — $ Debt obligations of government- sponsored entities ) Mortgage-backed securities: Ginnie Mae ) Fannie Mae — Collateralized mortgage obligations: Freddie Mac — Total held to maturity $ $ $ ) $ Weighted average yield at end of year % AVAILABLE FOR SALE: Debt obligations of government- sponsored entities $ $ $ ) $ Mortgage-backed securities: Ginnie Mae — Total available for sale $ $ $ ) $ Weighted average yield at end of year % The following summary displays the length of time debt and mortgage-backed securities were in a continuous unrealized loss position as of September 30, 2015 and 2014. Based on the existing facts and circumstances, the Company determined that no other-than-temporary impairment exists. In addition, the Company has no intent to sell any securities in unrealized loss positions prior to their recovery, and it is not more-likely-than-not that the Company would be required to sell such securities. Further, the Company believes the deterioration in value is attributable to changes in market interest rates and not the credit quality of the issuer. September 30, 2015 Less than 12 months 12 months or more Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses Held to Maturity: Debt obligations of government-sponsored entities $ $ $ $ $ $ September 30, 2014 Less than 12 months 12 months or more Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses Held to Maturity: Debt obligations of government-sponsored entities $ $ $ — $ — $ $ Mortgage-backed securities Ginnie Mae — — Available for Sale: Debt obligations of government-sponsored entities Total $ $ $ $ $ $ Debt and mortgage-backed securities with carrying values totaling approximately $44.9 million and $35.2 million at September 30, 2015 and 2014, respectively, were pledged to secure retail repurchase agreements. The amortized cost and fair values of held-to-maturity and available-for-sale debt and mortgage-backed securities at September 30, 2015, by contractual maturity, are shown below. Held to Maturity Available for Sale Amortized Fair Amortized Fair Cost Value Cost Value Term to maturity: One year or less $ $ $ — $ — Over one through five years Over five through ten years — — Over ten years Tota1 $ $ $ $ Actual maturities of mortgage-backed securities may differ from scheduled maturities depending on the repayment characteristics and experience of the underlying financial instruments. There were no proceeds from sales of available-for-sale securities during the years ended September 30, 2015, 2014 and 2013.

LOANS RECEIVABLE AND ALLOWANCE

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES	12 Months Ended
	Sep. 30, 2015
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES	4. LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES Loans receivable at September 30, 2015 and 2014 are summarized as follows: 2015 2014 Single-family residential: Residential first mortgage $ $ Residential second mortgage Home equity lines of credit Total single-family residential Commercial: Commercial and multi-family real estate: Owner-occupied Non-owner occupied Land acquisition and development Real estate construction and development Commercial and industrial Total commercial Consumer and installment Add (less): Deferred loan costs Loans in process ) ) Allowance for loan losses ) ) Total $ $ Weighted average rate at end of year % % The Bank has made loans to officers and directors in the ordinary course of business on substantially the same terms and conditions, including interest rates and collateral, as those prevailing for comparable transactions with other customers and did not, in the opinion of management, involve more than normal credit risk at the time of origination. Changes in loans to executive officers and directors for the years ended September 30, 2015 and 2014 are summarized as follows: Balance, September 30, 2013 $ Additions Repayments ) Other changes Balance, September 30, 2014 Additions Repayments ) Other changes ) Balance, September 30, 2015 $ Other changes represent changes in the composition of executive officers and directors that occurred during the years ended September 30, 2015 and 2014. Home equity lines of credit to executive officers and directors totaled $809,000, of which $97,000 had been disbursed as of September 30, 2015. At September 30, 2015 and 2014, the Bank was servicing loans for others totaling approximately $3.5 million and $4.9 million, respectively. Servicing loans for others generally consists of collecting mortgage payments, maintaining escrow accounts, disbursing payments to investors and foreclosure processing. Loan servicing income is recorded on the accrual basis and includes servicing fees received from investors and certain charges collected from borrowers. Allowance for Loan Losses The Company maintains an allowance for loan losses to absorb probable losses in the Company’s loan portfolio. Loan charge-offs are charged against and recoveries are credited to the allowance. Provisions for loan losses are charged to income and credited to the allowance in an amount necessary to maintain an adequate allowance given the risks identified in the entire portfolio. The allowance is comprised of specific allowances on impaired loans (assessed for loans that have known credit weaknesses) and pooled or general allowances based on a number of factors discussed below, including historical loan loss experience and qualitative risk factors for each loan type. The allowance is based upon management’s estimates of probable losses inherent in the entire loan portfolio. In general, impairment losses on all single-family residential real estate loans that become 180 days past due and all consumer loans that become 120 days past due are recognized through charge-offs to the allowance for loan losses. For impaired, single-family residential real estate and consumer loans that do not meet these criteria, management considers many factors before charging off a loan and might establish a specific reserve in lieu of a charge-off if management determines that the circumstances affecting the collectability of the loan are subject to change. While the delinquency status of the loan is a primary factor in determining whether to establish a specific reserve or record a charge-off, other key factors are considered, including the overall financial condition of the borrower, the progress of management’s collection efforts and the value of the underlying collateral. For purposes of determining the general allowance for loan losses, all residential and consumer loan charge-offs and changes in the level of specific reserves are included in the determination of historical loss rates for each pool of loans with similar risk characteristics, as described below. For commercial loans, all or a portion of a loan is charged off when circumstances indicate that a loss is probable and there is no longer a reasonable expectation that a change in such circumstances will result in the collection of the full amount of the loan. Similar to single-family residential real estate loans, management considers many factors before charging off a loan and might establish a specific reserve in lieu of a charge-off if management determines that the circumstances affecting the collectability of the loan are subject to change. While the delinquency status of the loan is a primary factor, other key factors are considered and the Company does not charge off commercial loans based solely on a predetermined length of delinquency. The other factors considered include the overall financial condition of the borrower, the progress of management’s collection efforts and the value of the underlying collateral. For purposes of determining the general allowance for loan losses, all commercial loan charge-offs and changes in the level of specific reserves are included in the determination of historical loss rates for each pool of loans with similar risk characteristics, as described below. For purposes of determining the general allowance for loan losses, the Company has segmented its loan portfolio into the following pools (or segments) that have similar risk characteristics: residential loans, commercial loans and consumer loans. Loans within these segments are further divided into subsegments, or classes, based on the associated risks within these subsegments. Residential mortgage loans are divided into three classes, including single-family first mortgage loans, single-family second mortgage loans and home equity lines of credit. Commercial loans are divided into four classes, including land acquisition and development loans, real estate construction and development loans, commercial and multi-family real estate loans, and commercial and industrial loans. Consumer loans are not subsegmented because of the small balance in this segment. The following is a summary of the significant risk characteristics for each segment of loans: Residential mortgage loans are secured by one- to four-family residential properties with loan-to-value ratios at the time of origination generally equal to 80% or less. Loans with loan-to-value ratios of greater than 80% at the time of origination generally require private mortgage insurance. Second mortgage loans and home equity lines of credit generally involve greater credit risk than first mortgage loans because they are secured by mortgages that are subordinate to the first mortgage on the property. If the borrower is forced into foreclosure, the Company will receive no proceeds from the sale of the property until the first mortgage loan has been completely repaid. Second mortgage loans and home equity lines of credit often have high loan-to-value ratios when combined with the first mortgage loan on the property. Loans with high combined loan-to-value ratios will be more sensitive to declining property values than loans with lower combined loan-to-value ratios, and therefore, may experience a higher incidence of default and severity of losses. Prior to 2008, the Company offered second mortgage loans that exceeded 80% combined loan-to-value ratios, which were priced with enhanced yields. The Company continues to offer second mortgage loans, but only up to 80% of the collateral values and on a limited basis to credit-worthy borrowers. However, the current underwriting guidelines are more stringent due to the adverse economic environment that existed over the past several years. Since substantially all home equity lines of credit are originated in conjunction with the origination of first mortgage loans eligible for sale in the secondary market, and the Company typically does not service the related first mortgage loans if they are sold, the Company may be unable to track the delinquency status of the related first mortgage loans and whether such loans are at risk of foreclosure by others. Home equity lines of credit are initially offered as “revolving” lines of credit whereby funds can be borrowed during a “draw” period. The only required payments during the draw period are scheduled monthly interest payments. In previous years, the Company offered home equity lines of credit with ten-year maturities that included a draw period for the entire ten years. The full principal amount was due at the end of the draw period as a lump-sum balloon payment and no required monthly principal payments were due prior to maturity. Beginning in 2012, the Company discontinued this product and began offering home equity lines of credit with 15-year maturities, including an initial five-year draw period requiring interest-only payments, followed by the required monthly payment of principal and interest on a fully-amortizing basis for the remaining ten-year term. The conversion of a home equity line of credit to a fully amortizing basis presents an increased level of default risk to the Company since the borrower no longer has the ability to make principal draws on the line, and the amount of the required monthly payment could substantially increase to provide for scheduled repayment of principal and interest. At September 30, 2015, all of the Company’s home equity lines of credit were in the interest-only payment phase and all of its second mortgage loans were fully amortizing. The following table summarizes when the draw periods of home equity lines of credit at September 30, 2015 are scheduled to end and the principal amount is to be repaid as a lump-sum balloon payment or the line converts to a fully-amortizing basis: Principal Balance at September 30, 2015 (In thousands) Amount converting to fully-amortizing basis during year ended September 30, 2016 $ 2017 2018 2019 Thereafter Total $ Commercial loans represent loans to varying types of businesses, including municipalities, school districts and nonprofit organizations, to finance real estate investments, support working capital, operational needs and term financing of equipment. Repayment of such loans is generally provided through operating cash flows of the business. Commercial and multi-family real estate loans include loans secured by real estate occupied by the borrower for ongoing operations, non-owner-occupied real estate leased to one or more tenants and greater-than-four-family apartment buildings. Land acquisition and development loans are made to borrowers to fund infrastructure improvements to vacant land to create finished marketable residential and commercial lots or land. Most land development loans are originated with the intent that the loans will be paid through the sale of developed lots or land by the developers generally within twelve months of the completion date. Real estate construction and development loans include secured loans for the construction of residential properties by real estate professionals and, to a lesser extent, individuals, and business properties that often convert to a commercial real estate loan at the completion of the construction period. Commercial and industrial loans include loans made to support working capital, operational needs and term financing of equipment and are generally secured by equipment, inventory, accounts receivable and personal guarantees of the owner. Repayment of such loans is generally provided through operating cash flows of the business, with the liquidation of collateral as a secondary repayment source. Consumer loans primarily include loans secured by savings accounts and automobiles. Savings account loans are fully secured by restricted deposit accounts held at the Bank. Automobile loans include loans secured by new and pre-owned automobiles. In determining the allowance and the related provision for loan losses, the Company establishes valuation allowances based upon probable losses identified during the review of impaired loans. These estimates are based upon a number of factors, such as payment history, financial condition of the borrower, expected future cash flows and discounted collateral exposure. For further information, see the discussion of impaired loans below. In addition, all loans that are not evaluated individually for impairment and any individually evaluated loans determined not to be impaired are segmented into groups based on similar risk characteristics, as described above. Historical loss rates for each risk group, which are updated quarterly, are quantified using all recorded loan charge-offs and recoveries, changes in specific allowances on loans and real estate acquired through foreclosure, and any gains and losses on the final disposition of real estate acquired through or in lieu of foreclosure over a prescribed look-back period. These historical loss rates for each risk group are used as the starting point to determine the level of the allowance. The Company’s methodology incorporates an estimated loss emergence period for each risk group. The loss emergence period is the period of time from when a borrower experiences a loss event and when the actual loss is recognized in the financial statements, generally at the time of initial charge-off of the loan balance. The Company’s methodology also includes qualitative risk factors that allow management to adjust its estimates of losses based on the most recent information available and to address other limitations in the quantitative component that is based on historical loss rates. Such risk factors are generally reviewed and updated quarterly, as appropriate, and are adjusted to reflect actual changes and anticipated changes in national and local economic conditions and developments, the volume and severity of delinquent and internally classified loans, including the impact of scheduled loan maturities, conversion of home equity lines of credit to a fully amortizing basis, loan concentrations, assessment of trends in collateral values, assessment of changes in borrowers’ financial stability, and changes in lending policies and procedures, including underwriting standards and collections, charge-off and recovery practices. In addition, various regulatory agencies, as an integral part of their examination process, periodically review the allowance for loan losses. Such agencies may require the Company to modify its allowance for loan losses based on their judgment about information available to them at the time of their examination. The following table summarizes the activity in the allowance for loan losses for the years ended September 30, 2015, 2014 and 2013: 2015 2014 2013 Balance, beginning of year $ $ $ Provision charged to expense Charge-offs: Single-family residential loans: Residential first mortgage Residential second mortgage Home equity lines of credit Total single-family residential loans Commercial loans: Commercial and multi-family real estate Land acquisition and development — Real estate construction and development — — Commercial and industrial Total commercial loans Consumer and installment Total charge-offs Recoveries: Single-family residential loans: Residential first mortgage Residential second mortgage Home equity lines of credit Total single-family residential loans Commercial loans: Commercial and multi-family real estate Land acquisition and development Real estate construction and development Commercial and industrial Total commercial loans Consumer and installment Total recoveries Net charge-offs Balance, end of year $ $ $ The following table summarizes, by loan portfolio segment, the changes in the allowance for loan losses for the years ended September 30, 2015 and 2014, respectively. September 30, 2015 Residential Real Estate Commercial Consumer Unallocated Total Activity in allowance for loan losses: Balance, beginning of year $ $ $ $ $ Provision charged (credit) to expense ) ) Charge-offs ) ) ) — ) Recoveries — Balance, end of year $ $ $ $ $ September 30, 2014 Residential Real Estate Commercial Consumer Unallocated Total Activity in allowance for loan losses: Balance, beginning of year $ $ $ $ $ Provision charged (credit) to expense ) Charge-offs ) ) ) — ) Recoveries — Balance, end of year $ $ $ $ $ The following table summarizes the information regarding the balance in the allowance and the recorded investment in loans by impairment method as of September 30, 2015 and 2014, respectively. September 30, 2015 Residential Real Estate Commercial Consumer Unallocated Total Allowance balance at end of year based on: Loans individually evaluated for impairment $ $ $ — $ — $ Loans collectively evaluated for impairment Loans acquired with deteriorated credit quality — — — — — Total balance, end of year $ $ $ $ $ Recorded investment in loans receivable at end of year: Total loans receivable $ $ $ $ Loans receivable individually evaluated for impairment — Loans receivable collectively evaluated for impairment Loans receivable acquired with deteriorated credit quality — — — — September 30, 2014 Residential Real Estate Commercial Consumer Unallocated Total Allowance balance at end of year based on: Loans individually evaluated for impairment $ $ $ — $ — $ Loans collectively evaluated for impairment Loans acquired with deteriorated credit quality — — — — — Total balance, end of year $ $ $ $ $ Recorded investment in loans receivable at end of year: Total loans receivable $ $ $ $ Loans receivable individually evaluated for impairment Loans receivable collectively evaluated for impairment Loans receivable acquired with deteriorated credit quality — — — — Impaired Loans The following is a summary of the unpaid principal balance and recorded investment of impaired loans as of September 30, 2015 and 2014. The unpaid principal balances and recorded investments have been reduced by all partial charge-offs of the related loans to the allowance for loan losses. The recorded investment of certain loan categories exceeds the unpaid principal balance of such categories as the result of the deferral and capitalization of certain direct loan origination costs, net of any origination fees collected, under ASC Topic 310-20-30. September 30, 2015 September 30, 2014 Unpaid Unpaid Principal Principal Balance Balance Net of Recorded Net of Recorded Charge-offs Investment Charge-offs Investment Classified as non-performing loans: (1) Non-accrual loans $ $ $ $ Troubled debt restructurings current under restructured terms Troubled debt restructurings past due under restructured terms Total non-performing loans Troubled debt restructurings returned to accrual status Total impaired loans $ $ $ $ (1) All non-performing loans at September 30, 2015 and 2014 were classified as non-accrual. A loan is considered to be impaired when, based on current information and events, management determines that the Company will be unable to collect all amounts due according to the loan contract, including scheduled interest payments. When a loan is identified as impaired, the amount of impairment loss is measured based on either the present value of expected future cash flows, discounted at the loan’s effective interest rate, or for collateral-dependent loans, observable market prices or the current fair value of the collateral. See Impaired Loans under Note 18 , Fair Value Measurements . If the amount of impairment loss is measured based on the present value of expected future cash flows, the entire change in present value is recorded in the provision for loan losses. If the fair value of the collateral is used to measure impairment of a collateral-dependent loan and repayment or satisfaction of the loan is dependent on the sale of the collateral, the fair value of the collateral is adjusted to consider estimated costs to sell. However, if repayment or satisfaction of the loan is dependent only on the operation, rather than the sale of the collateral, the measurement of impairment does not incorporate estimated costs to sell the collateral. If the value of the impaired loan is determined to be less than the recorded investment in the loan (net of previous charge-offs, deferred loan fees or costs and unamortized premium or discount), an impairment charge is recognized through a provision for loan losses. The following table summarizes the principal balance, net of amounts charged off, of impaired loans at September 30, 2015 and 2014 by the impairment method used. 2015 2014 (In thousands) Fair value of collateral method $ $ Present value of cash flows method Total impaired loans $ $ Loans considered for individual impairment analysis include loans that are past due, loans that have been placed on non-accrual status, troubled debt restructurings, loans with internally assigned credit risk ratings that indicate an elevated level of risk, and loans that management has knowledge of or concerns about the borrower’s ability to pay under the contractual terms of the note. Residential and consumer loans to be evaluated for impairment are generally identified through a review of loan delinquency reports, internally-developed risk classification reports, and discussions with the Bank’s loan collectors. Commercial loans evaluated for impairment are generally identified through a review of loan delinquency reports, internally-developed risk classification reports, discussions with loan officers, discussions with borrowers, periodic individual loan reviews and local media reports indicating problems with a particular project or borrower. Commercial loans are individually reviewed and assigned a credit risk rating periodically by the internal loan committee. See discussion of credit quality below. The following tables contain summaries of the unpaid principal balances of impaired loans segregated by loans that had partial charge-offs recorded and loans with no partial charge-offs recorded, and the related recorded investments and allowance for loan losses as of September 30, 2015 and 2014. The recorded investments have been reduced by all partial charge-offs. September 30, 2015 Loans with Partial Charge-offs Recorded Unpaid Total Unpaid Principal Unpaid Total Principal Balance Principal Recorded Less Balance of Loans Balance Investment Related Unpaid Amount of Net of With No Net of Net of Allowance Principal Partial Partial Partial Partial Partial For Loan Balance Charge-offs Charge-offs Charge-offs Charge-offs Charge-offs Losses WITH NO RELATED ALLOWANCE RECORDED: Single-family residential loans: Residential first mortgage $ $ $ $ $ $ $ — Residential second mortgage — Home equity lines of credit — Total single-family residential loans — Commercial loans: Commercial and multi-family real estate — Land acquisition and development — — — — — — — Real estate construction and development — — Commercial and industrial — Total commercial loans — Consumer and installment — — — — — — — Total — WITH AN ALLOWANCE RECORDED: Single-family residential loans: Residential first mortgage Residential second mortgage Home equity lines of credit Total single-family residential loans Commercial loans: Commercial and multi-family real estate — — — Land acquisition and development — — — — — — — Real estate construction and development — — — — — — — Commercial and industrial — — — Total commercial loans — — — Consumer and installment — — — — — — — Total TOTAL: Single-family residential loans: Residential first mortgage Residential second mortgage Home equity lines of credit Total single-family residential loans Commercial loans: Commercial and multi-family real estate Land acquisition and development — — — — — — — Real estate construction and development — — Commercial and industrial Total commercial loans Consumer and installment — — — — — — — Total $ $ $ $ $ $ $ September 30, 2014 Loans with Partial Charge-offs Recorded Unpaid Total Unpaid Principal Unpaid Total Principal Balance Principal Recorded Less Balance of Loans Balance Investment Related Unpaid Amount of Net of With No Net of Net of Allowance Principal Partial Partial Partial Partial Partial For Loan Balance Charge-offs Charge-offs Charge-offs Charge-offs Charge-offs Losses WITH NO RELATED ALLOWANCE RECORDED: Single-family residential loans: Residential first mortgage $ $ $ $ $ $ $ — Residential second mortgage — Home equity lines of credit — Total single-family residential loans — Commercial loans: Commercial and multi-family real estate — Land acquisition and development — — Real estate construction and development — — Commercial and industrial — Total commercial loans — Consumer and installment — Total — WITH AN ALLOWANCE RECORDED: Single-family residential loans: Residential first mortgage Residential second mortgage Home equity lines of credit — — — Total single-family residential loans Commercial loans: Commercial and multi-family real estate — — — Commercial and industrial — — — Total commercial loans — — — Consumer and installment — — — — — — — Total TOTAL: Single-family residential loans: Residential first mortgage Residential second mortgage Home equity lines of credit Total single-family residential loans Commercial loans: Commercial and multi-family real estate Land acquisition and development — — Real estate construction and development — — Commercial and industrial Total commercial loans Consumer and installment — Total $ $ $ $ $ $ $ During the years ended September 30, 2015 and 2014, charge-offs of non-performing and impaired loans totaled $2.9 million and $6.0 million, respectively, including partial charge-offs of $792,000 and $3.2 million, respectively. At September 30, 2015 and 2014, the remaining principal balance of non-performing and impaired loans for which the Company previously recorded partial charge-offs totaled $5.7 million and $12.1 million, respectively. The following tables contain a summary of the average recorded investments in impaired loans and the interest income recognized on such loans for the years ended September 30, 2015 and 2014, respectively. The recorded investments have been reduced by all partial charge-offs. Year Ended September 30, 2015 September 30, 2014 Average Interest Average Interest Recorded Income Recorded Income Investment Recognized Investment Recognized With no related allowance recorded: Single-family residential loans: Residential first mortgage $ $ $ $ Residential second mortgage Home equity lines of credit Commercial loans: Commercial and multi-family real estate Land acquisition and development — — Real estate construction and development — — Commercial and industrial Consumer and installment — — Total With an allowance recorded: Single-family residential loans: Residential first mortgage — Residential second mortgage — — Home equity lines of credit — — Commercial loans: Commercial and multi-family real estate — — Land acquisition and development — — — Real estate construction and development — — — Commercial and industrial — — Consumer and installment — — Total — Total: Single-family residential loans: Residential first mortgage Residential second mortgage Home equity lines of credit Commercial loans: Commercial and multi-family real estate Land acquisition and development — — Real estate construction and development — — Commercial and industrial Consumer and installment — — Total $ $ Delinquent and Non-Accrual Loans The delinquency status of loans is determined based on the contractual terms of the notes. Borrowers are generally classified as delinquent once payments become 30 days or more past due. The Company’s policy is to discontinue the accrual of interest income on any loan when, in the opinion of management, the ultimate collectability of interest or principal is no longer probable. In general, loans are placed on non-accrual when they become 90 days or more past due. However, management considers many factors before placing a loan on non-accrual, including the delinquency status of the loan, the overall financial condition of the borrower, the progress of management’s collection efforts and the value of the underlying collateral. Previously accrued but unpaid interest is charged to current income at the time a loan is placed on non-accrual status. Subsequent collections of cash may be applied as reductions to the principal balance, interest in arrears, or recorded as income depending on management’s assessment of the ultimate collectibility of the loan. Non-accrual loans are returned to accrual status when, in the opinion of management, the financial condition of the borrower indicates that the timely collectability of interest and principal is probable and the borrower demonstrates the ability to pay under the terms of the note through a sustained period of repayment performance, which is generally six months. Prior to returning a loan to accrual status, the loan is individually reviewed and evaluated. Many factors are considered prior to returning a loan to accrual status, including a positive change in the borrower’s financial condition or the Company’s collateral position that, together with the sustained period of repayment performance, result in the likelihood of a loss that is no longer probable. The following is a summary of the recorded investment in loans receivable by class that were 30 days or more past due with respect to contractual principal or interest payments at September 30, 2015 and 2014. The summary does not include commercial loans that had passed their contractual maturity dates and were in the process of renewal because the borrowers were not past due 30 days or more with respect to their scheduled periodic principal or interest payments. September 30, 2015 90 Days 90 Days Total or More 30 to 59 Days 60 to 89 Days or More Total Loans And Still Past Due Past Due Past Due Past Due Current Receivable Accruing Nonaccrual Single-family residential: Residential first mortgage $ $ $ $ $ $ $ — $ Residential second mortgage — Home equity lines of credit — Total single-family residential — Commercial: Commercial and multi-family real estate — — Land acquisition and development — — — — — — Real estate construction and development — — — Commercial and industrial — — — Total commercial — Consumer and installment — — — — Total $ $ $ $ $ $ $ — $ September 30, 2014 90 Days 90 Days Total or More 30 to 59 Days 60 to 89 Days or More Total Loans And Still Past Due Past Due Past Due Past Due Current Receivable Accruing Nonaccrual Single-family residential: Residential first mortgage $ $ $ $ $ $ $ — $ Residential second mortgage — Home equity lines of credit — Total single-family residential — Commercial: Commercial and multi-family real estate — Land acquisition and development — — — Real estate construction and development — — — Commercial and industrial — — Total commercial — Consumer and installment — — — Total $ $ $ $ $ $ $ — $ Credit Quality The credit quality of the Company’s residential and consumer loans is primarily monitored on the basis of aging and delinquency, as summarized in the table above. The credit quality of the Company’s commercial loans is primarily monitored using an internal rating system reflecting management’s risk assessment based on an analysis of several factors, including the borrower’s financial condition, the financial condition of the underlying business, cash flows of the underlying collateral and the delinquency status of the loan. The internal system assigns one of the following five risk gradings. The “pass” category consists of a range of loan sub-grades that reflect various levels of acceptable risk. Movement of risk through the various sub-grade levels in the “pass” category is monitored for early identification of credit deterioration. The “special mention” rating is considered a “watch” rating rather than an “adverse” rating and is assigned to loans where the borrower exhibits negative financial trends due to borrower-specific or systemic conditions that, if left uncorrected, threaten the borrower’s capacity to meet its debt obligations. The borrower is believed to have sufficient financial flexibility to react to and resolve its negative financial situation. This is a transitional grade that is closely monitored for improvement or deterioration. The “substandard” rating is assigned to loans where the borrower exhibits well-defined weaknesses that jeopardize its continued performance and are of a severity that the distinct possibility of default exists. The “doubtful” rating is assigned to loans that have the weaknesses of substandard assets with the additional characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions and values, questionable, resulting in a

REAL ESTATE ACQUIRED IN SETTLEM

REAL ESTATE ACQUIRED IN SETTLEMENT OF LOANS	12 Months Ended
	Sep. 30, 2015
REAL ESTATE ACQUIRED IN SETTLEMENT OF LOANS
REAL ESTATE ACQUIRED IN SETTLEMENT OF LOANS	5. REAL ESTATE ACQUIRED IN SETTLEMENT OF LOANS Real estate acquired in settlement of loans at September 30, 2015 and 2014 is summarized as follows: 2015 2014 Residential real estate $ $ Commercial real estate Less valuation allowance ) ) Total $ $ Activity in the valuation allowance for real estate acquired in settlement of loans for the years ended September 30, 2015, 2014 and 2013 is summarized as follows: 2015 2014 2013 Balance, beginning of year $ $ $ Provison (recovery) charged to non-interest expense ) Sale deficiencies charged to valuation allowance at time of sale ) ) ) Balance, end of year $ $ $

PREMISES AND EQUIPMENT

PREMISES AND EQUIPMENT	12 Months Ended
	Sep. 30, 2015
PREMISES AND EQUIPMENT
PREMISES AND EQUIPMENT	6. PREMISES AND EQUIPMENT Premises and equipment at September 30, 2015 and 2014 are summarized as follows: 2015 2014 Land $ $ Office buildings and improvements Furniture and equipment Less accumulated depreciation ) ) Total $ $ Depreciation expense on premises and equipment totaled $2.2 million, $2.1 million and $2.0 million for the years ended September 30, 2015, 2014 and 2013, respectively. Certain facilities of the Company are leased under various operating leases. Rent expense for the fiscal years ended September 30, 2015, 2014 and 2013 totaled $2.0 million, $1.8 million, and $1.4 million, respectively. At September 30, 2015, future minimum rental commitments under non-cancelable leases are as follows: Due in years ending September 30, 2016 $ 2017 2018 2019 2020 Thereafter Total $

DEPOSITS

DEPOSITS	12 Months Ended
	Sep. 30, 2015
DEPOSITS
DEPOSITS	7. DEPOSITS Deposits at September 30, 2015 and 2014 are summarized as follows: September 30, 2015 September 30, 2014 Weighted Weighted Average Average Interest Interest Amount Rate Amount Rate Demand deposits: Non-interest-bearing checking $ — % $ — % Interest-bearing checking % % Savings accounts % % Money market % % Total demand deposits % % Certificates of deposit: Traditional % % CDARS % % Brokered % % Total certificates of deposit % % Total deposits $ % $ % CDARS certificates of deposit represent deposits offered directly by the Bank primarily to its in-market customers through the Promontory Interfinancial Network Certificate of Deposit Account Registry Service (“CDARS”). The CDARS program enables the Company’s customers to receive FDIC insurance on their account balances up to $50 million. At September 30, 2015 and 2014, the Federal Home Loan Bank of Des Moines had issued letters of credit totaling $49.0 million and $46.3 million, respectively, which the Bank had pledged as collateral to secure deposits of public institutions and for other purposes as required by law. The aggregate amounts of certificates of deposit with a minimum principal amount of $100,000 were $281.5 million and $216.0 million at September 30, 2015 and 2014, respectively. At September 30, 2015, the scheduled maturities of all certificates of deposit were as follows: Maturing within: Three months ending: December 31, 2015 $ March 31, 2016 June 30, 2016 September 30, 2016 Year ending September 30: 2017 2018 2019 2020 Total $ A summary of interest expense on deposits for the years ended September 30, 2015, 2014 and 2013 is as follows: 2015 2014 2013 Interest-bearing checking $ $ $ Savings Money market Certificates of deposit Total $ $ $

BORROWED MONEY

BORROWED MONEY	12 Months Ended
	Sep. 30, 2015
BORROWED MONEY
BORROWED MONEY	8. BORROWED MONEY Borrowed money at September 30, 2015 and 2014 is summarized as follows: 2015 2014 Weighted Weighted Average Average Interest Interest Amount Rate Amount Rate FHLB advances maturing within the year ending September 30: 2015 $ — — % $ % 2016 % — — % Thereafter % % Total FHLB advances % % Retail repurchase agreements % % Term loan % % Total borrowed money $ % $ % The Bank offers a sweep account program for which certain customer demand deposits in excess of a certain amount are “swept” on a daily basis into retail repurchase agreements pursuant to individual repurchase agreements between the Bank and its customers. Retail repurchase agreements represent overnight borrowings that are secured by certain of the Bank’s investment securities. Unlike regular savings deposits, retail repurchase agreements are not insured by the FDIC. At September 30, 2015 and 2014, the Bank had $44.9 million and $35.2 million, respectively, in U.S. Treasury, debt and mortgage-backed securities pledged to secure retail repurchase agreements. During January 2014, the Company entered into a $10.0 million term loan with a commercial bank. The proceeds of the term loan were used to repurchase $10.0 million of outstanding shares of the preferred stock from a private investor during January 2014. The loan agreement also provides a $2.0 million revolving line of credit to the Company. There was no balance outstanding under the revolving line of credit during the fiscal year ended September 30, 2015 and 2014. The rate of interest on these borrowings equals the Daily LIBOR Rate plus 2.50%. Monthly interest and quarterly principal payments under the term loan began on March 31, 2014 and are scheduled to end on January 17, 2021. All of the common stock of the Bank that was held by the Company was pledged as collateral to secure the loans. Following is a summary of the required principal payments for each of the next five years ending September 30 and in the aggregate thereafter: Year ending September 30: 2016 $ 2017 2018 2019 2020 Thereafter Total $ The loan agreement requires the Company to adhere to certain covenants while the borrowings are outstanding, including that the Company will: (1) require the Bank to maintain a minimum ratio of Tier 1 capital to risk-weighted assets of at least 8%; (2) maintain consolidated net income in an amount equal to or greater than the sum of (a) the total amount of principal installments required to be paid under the term loan plus (b) the total amount of cash distributions paid to its common shareholders; and (3) cause the Bank to maintain a ratio of adversely classified assets to Tier 1 capital plus loan loss reserves of not more than 50%. Failure to comply with these covenants will result in any outstanding principal balances and all accrued and unpaid interest becoming immediately due and payable. The Bank was in compliance with all such covenants at September 30, 2015. The average balances of borrowed money for the years ended September 30, 2015 and 2014 were $124.0 million and $107.9 million, respectively and the maximum month-end balances were $242.6 million and $224.1 million, respectively. The average rates paid during the years ended September 30, 2015 and 2014 were 0.79% and 1.13%, respectively. The Bank has the ability to borrow funds from the FHLB equal to 35% of the Bank’s total assets under a blanket agreement that assigns all investments in FHLB stock as well as qualifying first mortgage loans as collateral to secure the amounts borrowed. In addition to the $170.5 million in advances outstanding at September 30, 2015, the Bank had approximately $111.0 million in additional borrowing capacity available to it under this arrangement. The assets underlying the FHLB borrowings are under the Bank’s physical control. The Bank has the ability to borrow funds from the Federal Reserve under an agreement that assigns certain qualifying loans as collateral to secure the amounts borrowed. At September 30, 2015, $212.4 million of commercial loans were assigned under this arrangement. The assets underlying these borrowings are under the Bank’s physical control. As of September 30, 2015, the Bank had no borrowings outstanding from the Federal Reserve and had approximately $157.5 million in additional borrowing capacity available to it under this arrangement.

SUBORDINATED DEBENTURES

SUBORDINATED DEBENTURES	12 Months Ended
	Sep. 30, 2015
SUBORDINATED DEBENTURES
SUBORDINATED DEBENTURES	9. SUBORDINATED DEBENTURES On March 30, 2004, Pulaski Financial Statutory Trust I (“Trust I”), a Connecticut statutory trust, issued $9.0 million of adjustable-rate preferred securities. The proceeds from this issuance, along with the Company’s $279,000 capital contribution for Trust I’s common securities, were used to acquire $9.3 million aggregate principal amount of the Company’s floating rate junior subordinated deferrable interest debentures due in 2034, which constitute the sole asset of Trust I. The interest rate on the debentures and the capital securities at September 30, 2015 was 3.03% and is adjustable quarterly at 2.70% over the three-month LIBOR. The stated maturity of the Trust I debenture is June 17, 2034. In addition, the Trust I debentures are subject to redemption at par at the option of the Company, subject to prior regulatory approval, in whole or in part, on any interest payment date. On December 15, 2004, Pulaski Financial Statutory Trust II (“Trust II”), a Delaware statutory trust, issued $10.0 million of adjustable-rate preferred securities. The proceeds from this issuance, along with the Company’s $310,000 capital contribution for Trust II’s common securities, were used to acquire $10.3 million of the Company’s floating rate junior subordinated deferrable interest debentures due in 2034, which constitute the sole asset of Trust II. The interest rate on the debentures and the capital securities at September 30, 2015 was 2.20% and is adjustable quarterly at 1.86% over the three-month LIBOR. The stated maturity of the debentures held by Trust II is December 15, 2034. In addition, the Trust II debentures are subject to redemption at par at the option of the Company, subject to prior regulatory approval, in whole or in part, on any interest payment date.

LIABILITY FOR LOANS SOLD

LIABILITY FOR LOANS SOLD	12 Months Ended
	Sep. 30, 2015
LIABILITY FOR LOANS SOLD
LIABILITY FOR LOANS SOLD	10. LIABILITY FOR LOANS SOLD The Company records an estimated liability for probable amounts due to the Company’s loan investors under contractual obligations related to residential mortgage loans originated for sale that were previously sold and became delinquent or defaulted, or were determined to contain certain documentation or other underwriting deficiencies. Under standard representations and warranties and early payment default clauses in the Company’s mortgage sale agreements, the Company could be required to repurchase mortgage loans sold to investors or reimburse the investors for losses incurred on loans (collectively “repurchase”) in the event of borrower default within a defined period after origination (generally 90 days), or in the event of breaches of contractual representations or warranties made at the time of sale that are not remedied within a defined period after the Company receives notice of such breaches (generally 90 days). In addition, the Company may be required to refund the profit received from the sale of a loan to an investor if the borrower pays off the loan within a defined period after origination, which is generally 120 days. The Company establishes a mortgage repurchase liability related to these events that reflects management’s estimate of losses on loans for which the Company could have a repurchase obligation based on a combination of factors. Such factors incorporate the volume of loans sold in current and previous periods, borrower default expectations, historical investor repurchase demand and appeals success rates (where the investor rescinds the demand based on a cure of the defect or acknowledges that the loan satisfies the investor’s applicable representations and warranties), and estimated loss severity. Payments made to investors as reimbursement for losses incurred are charged against the mortgage repurchase liability. Loans repurchased from investors are initially recorded at fair value, which becomes the Company’s new accounting basis. Any difference between the loan’s fair value and the outstanding principal amount is charged or credited to the mortgage repurchase liability, as appropriate. Subsequent to repurchase, such loans are carried in loans receivable. Loans repurchased with deteriorated credit quality at the date of repurchase are accounted for under ASC Topic 310-30. The principal balance of loans sold that remain subject to recourse provisions related to early payment default clauses totaled approximately $565 million and $258 million at September 30, 2015 and 2014, respectively. Because the Company does not service the loans that it sells to its investors, the Company is generally unable to track the outstanding balances or delinquency status of a large portion of such loans that may be subject to repurchase under the representations and warranties clauses in the Company’s mortgage sale agreements. The following is a summary of the principal balance of mortgage loan repurchase demands on loans previously sold that were received and resolved during the years ended September 30, 2015 and 2014: 2015 2014 Received during period $ $ Resolved during period Unresolved at end of period The following is a summary of the changes in the liability for loans sold during the years ended September 30, 2015 and 2014: 2015 2014 Balance at beginning of period $ $ Provisions charged to expense Losses incurred to resolve demands ) ) Balance at end of period $ $ The following summarizes the manner in which the Company resolved mortgage loan repurchase demands received from its investors during the years ended September 30, 2015 and 2014: 2015 2014 Principal Balance of Loans Involved in Existing Claims That Were Resolved Losses Charged to Liability for Loans Sold Principal Balance of Loans Involved in Existing Claims That Were Resolved Losses Charged to Liability for Loans Sold Resolved by providing additional documentation with no further action required $ $ — $ $ — Resolved by repurchasing loans previously sold to investors Resolved by payments to reimburse investors for losses incurred Payments due upon early payoff of loans previously sold — — Total $ $ $ $ The liability for loans sold of $1.6 million at September 30, 2015 represents the Company’s best estimate of the probable losses that the Company will incur for various early default provisions and contractual representations and warranties associated with the sales of mortgage loans. Because the level of mortgage loan repurchase losses depends upon economic factors, investor demand strategies and other external conditions that may change over the life of the underlying loans, the level of the liability for mortgage loan repurchase losses is difficult to estimate and requires considerable management judgment. In addition, the Company does not service the loans that it sells to investors and is generally unable to track the remaining unpaid balances or delinquency status after sale. As a result, there may be a range of possible losses in excess of the estimated liability that cannot be estimated. Management maintains regular contact with the Company’s investors to monitor and address their repurchase demand practices and concerns.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Sep. 30, 2015
INCOME TAXES
INCOME TAXES	11. INCOME TAXES Income tax expense for the years ended September 30, 2015, 2014 and 2013 is summarized as follows: 2015 2014 2013 Current expense: Federal $ $ $ State Deferred expense Total $ $ $ Income tax expense differs from that computed at the federal statutory rate of 35% for the years ended September 30, 2015, 2014 and 2013 as follows: 2015 2014 2013 Amount % Amount % Amount % Tax at statutory federal income tax rate $ % $ % $ % Non-taxable income from bank-owned life insurance ) )% ) )% ) )% Non-taxable interest and dividends ) )% ) )% ) )% State taxes, net of federal benefit % % % Other, net ) )% ) )% % Total $ % $ % $ % The components of deferred tax assets and liabilities at September 30, 2015 and 2014 are as follows: 2015 2014 Deferred tax assets: Allowance for loan losses $ $ Stock-based compensation Non-accrual interest Deferred compensation Equity investments Unrealized losses on securities available for sale — Capital loss carryforward Other — Gross deferred tax assets Less: Valuation allowance Deferred tax assets, net of valuation allowance Deferred tax liabilities: FHLB stock dividends Premises and equipment Unrealized gains on securities available for sale — Other Gross deferred tax liabilities Net deferred tax assets $ $ A valuation allowance should be provided on deferred tax assets when it is more likely than not that some portion of the assets will not be realized. A valuation allowance at September 30, 2015 and 2014 was provided for certain capital loss carryforwards that are projected to expire prior to their utilization. The Company will continue to evaluate the potential future utilization of these items and will record an adjustment to the valuation allowance in the period a change becomes warranted. Changes in the deferred tax valuation allowance for the years ended September 30, 2015, 2014, and 2013 were as follows: 2015 2014 2013 Balance, beginning of year $ $ — $ — Increase in deferred tax asset valuation allowance charged to provision for income taxes — Balance, end of year $ $ $ — At September 30, 2015, the Company had $138,000 of unrecognized tax benefits, $129,000 of which would affect the effective tax rate if recognized. The Company recognizes interest related to uncertain tax positions in income tax expense and classifies such interest and penalties in the liability for unrecognized tax benefits. As of September 30, 2015, the Company had approximately $9,000 accrued for the payment of interest and penalties. The tax years ended September 30, 2012 through 2015 remain open to examination by the taxing jurisdictions to which the Company is subject. The aggregate changes in the balance of gross unrecognized tax benefits for the year ended September 30, 2015, which excludes interest and penalties, are as follows: Balance at September 30, 2014 $ Increases related to tax positions taken during a prior period — Decreases related to tax positions taken during a prior period — Increases related to tax positions taken during the current period Decreases related to tax positions taken during the current period — Decreases related to settlements with taxing authorities — Decreases related to the expiration of the statute of limitations ) Balance at September 30, 2015 $ Retained earnings at September 30, 2015 included earnings of approximately $4.1 million representing tax bad-debt deductions, net of actual bad debts and bad-debt recoveries, for which no provision for federal income taxes has been made. If these amounts are used for any purpose other than to absorb loan losses, they will be subject to federal income taxes at the then prevailing corporate rate.

PREFERRED STOCK

PREFERRED STOCK	12 Months Ended
	Sep. 30, 2015
PREFERRED STOCK
PREFERRED STOCK	12. PREFERRED STOCK On January 16, 2009, as part of the U.S. Department of Treasury’s Capital Purchase Program, the Company issued 32,538 shares of Fixed Rate Cumulative Perpetual Preferred Stock, Series A, $1,000 per share liquidation preference (the “Preferred Stock”), and a warrant to purchase up to 778,421 shares of the Company’s common stock for a period of ten years at an exercise price of $6.27 per share (the “Warrant”) in exchange for $32.5 million in cash from the U.S. Department of Treasury. The proceeds, net of issuance costs consisting primarily of legal fees, were allocated between the Preferred Stock and the Warrant on a pro rata basis, based upon the estimated fair values of the Preferred Stock and the Warrant. As a result, $2.2 million of the proceeds were allocated to the Warrant, which increased additional paid-in capital from common stock. The amount allocated to the Warrant was considered a discount on the Preferred Stock and was amortized using the level yield method over a five-year period ending December 31, 2013 through a charge to retained earnings. Such amortization did not reduce net income, but reduced income available for common shares. The Preferred Stock paid cumulative dividends of 5% per year for the first five years and 9% per year beginning on February 16, 2014. The Company could, at its option, redeem the Preferred Stock at the liquidation preference plus accrued and unpaid dividends. The fair value of the Preferred Stock was estimated on the date of issuance by computing the present value of expected future cash flows using a risk-adjusted rate of return for similar securities of 12%. The fair value of the Warrant was estimated on the date of grant using the Black-Scholes option pricing model assuming a risk-free interest rate of 4.30%, expected volatility of 35.53% and a dividend yield of 4.27%. The Treasury Department sold all of the Preferred Stock to private investors in a Dutch auction in July 2012. On several dates subsequent to the Treasury’s auction from August 2012 through August 2013, the Company repurchased from private investors an aggregate of $15.2 million in liquidation value of the Preferred Stock in exchange for $14.6 million in cash and repurchased the Warrant from the Treasury in exchange for $1.1 million in cash. Following the Treasury’s auction of the Preferred Stock and the Company’s repurchase of the Warrant, the U.S. Treasury had no remaining equity stake in the Company. During the year ended September 30, 2014, the Company redeemed or repurchased $17.3 million in liquidation value of the Preferred Stock, representing the entire remaining amount outstanding, in a series of transactions using cash and the direct exchange of its common stock, as follows: The Company repurchased $10.0 million in liquidation value of the Preferred Stock using the proceeds from a term loan obtained from a commercial bank. Refer to Note 8, Borrowed Money, for a summary of the loan terms. The Company issued 68,818 shares of its common stock in exchange for $735,000 in liquidation value of the Preferred Stock in a private transaction exempt from registration under the federal securities laws. The Company issued 604,542 shares of its common stock in exchange for $6.7 million in cash in a private transaction exempt from registration under the federal securities laws. The proceeds were used to redeem $6.7 million in liquidation value of the Preferred Stock.

REGULATORY CAPITAL REQUIREMENTS

REGULATORY CAPITAL REQUIREMENTS	12 Months Ended
	Sep. 30, 2015
REGULATORY CAPITAL REQUIREMENTS
REGULATORY CAPITAL REQUIREMENTS	13. REGULATORY CAPITAL REQUIREMENTS The Company and the Bank are subject to regulatory capital adequacy requirements promulgated by federal bank regulatory agencies. Failure by the Company or the Bank to meet minimum capital requirements could result in certain mandatory and discretionary actions by regulators that could have a material adverse effect on our consolidated financial statements. The Federal Reserve establishes capital requirements for the Company and the Office of the Comptroller of the Currency (“OCC”) has similar requirements for the Bank. The following tables present regulatory capital information for the Company and the Bank. Information presented for September 30, 2015 reflects the Basel III capital requirements that became effective January 1, 2015 for both the Company and the Bank. Prior to January 1, 2015, the Bank was subject to capital requirements under Basel I and there were no capital requirements for the Company. Under these capital requirements and the regulatory framework for prompt corrective action, the Company and the Bank must meet specific capital guidelines that involve quantitative measures of the Company’s and the Bank’s assets, liabilities and certain off-balance-sheet items as calculated under regulatory accounting practices. The Company’s and the Bank’s capital amounts and classifications are also subject to qualitative judgments by regulators about components, risk weightings and other factors. Quantitative measures established by regulation require the Company and the Bank to maintain certain minimum capital amounts and ratios. Federal bank regulators require the Company and the Bank to maintain minimum ratios of core capital to adjusted average assets of 4.0%, common equity tier 1 capital to risk-weighted assets of 4.5%, tier 1 capital to risk-weighted assets of 6.0% and total risk-based capital to risk-weighted assets of 8.0%. At September 30, 2015, the Company and the Bank met all the capital adequacy requirements to which they were subject. At September 30, 2015, the Company and the Bank were “well capitalized” under the regulatory framework for prompt corrective action. To be “well capitalized,” the Company and the Bank must maintain minimum leverage, common equity tier 1 risk-based, tier 1 risk-based and total risk-based capital ratios of at least 5.0%, 6.5%, 8.0% and 10.0%, respectively. Management believes that no conditions or events have occurred since September 30, 2015 that would materially adversely change the Company’s and the Bank’s capital classifications. The following table illustrates the Company’s actual regulatory capital levels compared with its regulatory capital requirements at September 30, 2015. To be Categorized as “Well Capitalized” under Prompt For Capital Corrective Action Actual Adequacy Purposes Provisions Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) As of September 30, 2015: Common equity Tier I capital to total risk-weighted assets $ % $ % $ % Tier I capital to total risk-weighted assets % % % Total capital to total risk- weighted assets % % % Tier I leverage capital to average assets % % % The following table illustrates the Bank’s actual regulatory capital levels compared with its regulatory capital requirements at September 30, 2015 and 2014. To be Categorized as “Well Capitalized” under Prompt For Capital Corrective Action Actual Adequacy Purposes Provisions Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) As of September 30, 2015: Common equity tier 1 capital to total risk-weighted assets $ % $ % $ % Tier I capital to total risk-weighted assets % % % Total capital to total risk-weighted assets % % % Tier I leverage capital to average assets % % % As of September 30, 2014: Tangible capital to total assets $ % $ % N/A N/A Tier I risk-based capital to risk- weighted assets % N/A N/A $ % Total risk-based capital to risk-weighted assets % % % Tier I leverage capital to average assets % % % Beginning January 1, 2016, Basel III implements a requirement for all banking organizations to maintain a capital conservation buffer above the minimum risk-based capital requirements in order to avoid certain limitations on capital distributions, stock repurchases and discretionary bonus payments to executive officers. The capital conservation buffer will be exclusively composed of common equity tier 1 capital, and it applies to each of the three risk-based capital ratios but not the leverage ratio. On January 1, 2016, the Company and the Bank will be expected to comply with the capital conservation buffer requirement, which will increase the three risk-based capital ratios by 0.625% each year through 2019, at which point, the minimum common equity tier 1 risk-based, tier 1 risk-based and total risk-based capital ratios will be 7.0%, 8.5% and 10.5%, respectively.

EMPLOYEE BENEFITS

EMPLOYEE BENEFITS	12 Months Ended
	Sep. 30, 2015
EMPLOYEE BENEFITS
EMPLOYEE BENEFITS	14. EMPLOYEE BENEFITS The Company maintains shareholder-approved, stock-based incentive plans, which permit the granting of options to purchase common stock of the Company, awards of restricted shares of common stock and awards of “common share units” that can be settled in shares of common stock. All employees, non-employee directors and consultants of the Company and its affiliates are eligible to receive awards under the plans. The plans authorize the granting of options intended to qualify as incentive stock options under Section 422 of the Internal Revenue Code, options that do not so qualify (non-statutory stock options) and the granting of restricted shares of common stock. Stock option awards are generally granted with an exercise price equal to the market value of the Company’s shares at the date of grant and generally vest over a period of three to five years. The exercise period for all stock options may not exceed 10 years from the date of grant. Restricted stock awards generally vest over a period of two to five years. Generally, option and share awards provide for accelerated vesting if there is a change in control (as defined in the plans). Shares used to satisfy stock awards and stock option exercises are generally issued from treasury stock. At September 30, 2015, the Company had 527,443 reserved but unissued shares that can be awarded in the form of stock options or share awards. Restricted Stock Awards - A summary of activity in the Company’s restricted stock awards as of and for the years ended September 30, 2015, 2014 and 2013 is as follows: 2015 2014 2013 Weighted Weighted Weighted Average Average Average Grant-Date Grant-Date Grant-Date Number Fair Value Number Fair Value Number Fair Value Nonvested at beginning of year $ $ $ Granted Vested ) ) ) Forfeited ) ) — — Nonvested at end of year $ $ $ During the year ended September 30, 2013, the Company granted 15,000 shares of contingent, performance-based restricted stock to one newly elected executive officer. The grant provided for vesting of the restricted stock as follows: one-third on the date of the filing of the annual report on Form 10-K for the year ended September 30, 2013 and two-thirds on the date of the filing of the annual report on Form 10-K for the year ended September 30, 2014. The vesting of the shares was subject to the Company’s achievement of certain earnings per share targets. If an earnings-per-share target was not met, vesting could still occur in a subsequent period based on cumulative results. Additionally, recipients could not receive the final vesting unless the Company’s total shareholder return exceeded certain peer indices. One-third of the shares received were required to be held until the earlier of retirement or five years from the date of vesting. Stock Option Awards - A summary of activity in the Company’s stock option program as of and for the years ended September 30, 2015, 2014 and 2013 is as follows: 2015 2014 2013 Weighted Weighted Average Weighted Weighted Average Aggregate Remaining Average Average Exercise Intrinsic Contractual Exercise Exercise Number Price Value Life (years) Number Price Number Price Outstanding at beginning of year $ $ $ Granted — — — — Exercised ) ) ) Expired ) ) — — Forfeited ) ) ) Outstanding at end of year $ $ $ $ Exercisable at end of year $ $ $ $ There were no stock option awards granted during the years ended September 30, 2015 or 2014. During the year ended September 30, 2013, 17,500 stock option awards were granted with a weighted-average fair value per share of $2.12. Cash received from stock options exercised totaled, $441,000, $193,000 and $210,000 during the years ended September 30, 2015, 2014 and 2013, respectively. The total intrinsic value of stock options exercised totaled $80,000, $54,000 and $17,000 during the years ended September 30, 2015, 2014 and 2013, respectively. The fair value of stock options granted during the year ended September 30, 2013 was estimated on the date of grant using the Black-Scholes option pricing model with the following average assumptions : Risk-free interest rate % Expected volatility % Expected life in years Dividend yield % Expected forfeiture rate % Common Share Units — On December 10, 2014, the Company granted approximately 105,000 “common share units” to its eight executive officers that were intended to provide such officers with incentive compensation tied to the Company’s successful performance for each of the fiscal years in the three-year period ended September 30, 2017. The terms of the grants provide that the common share units will be settled in an equal number of shares of the Company’s common stock at the dates of vesting. One-third of the common share units are eligible for vesting in each of the years in the three-year period ended September 30, 2017 determined by measurement of the Company’s cumulative performance over each of the one-year, two-year and three-year performance measurement periods based on two independent criteria, which receive equal weighting: a cumulative return on average equity measured against internally-established targets and a cumulative total shareholder return measured against the SNL MicroCap Bank & Thrift Index. The participants must be employed by the Company at the end of each of the performance measurement periods to be eligible for payment of the award. The number of common share units in each award can be adjusted upward or downward under a pre-determined formula depending on the degree of attainment of the performance criteria up to a maximum of 150% of the common share units to be awarded in each year. A summary of total stock-based compensation expense for the years ended September 30, 2015, 2014 and 2013 follows: 2015 2014 2013 Total expense $ $ ) $ Earnings per share: Basic $ $ — $ Diluted — Reducing stock-based compensation expense in the years ended September 30, 2015, 2014 and 2013, were forfeitures of non-vested restricted stock awards totaling $3,000, $549,000 and $0, respectively. As of September 30, 2015, the total unrecognized compensation expense related to non-vested stock options, restricted stock awards and common share units was approximately $1,000, $231,000 and $590,000, respectively, and the related weighted average periods over which they are expected to be recognized are approximately 0.2 years, 2.4 years, and 1.6 years, respectively. Equity Trust Plan - The Company maintains a deferred compensation plan (“Equity Trust Plan”) for the benefit of key loan officers and sales staff. The plan is designed to recruit and retain top-performing loan officers and other key revenue-producing employees who are instrumental to the Company’s success. The plan allowed the recipients to defer a percentage of commissions earned into a rabbi trust for the benefit of the participants. However, effective May 1, 2015, participants no longer have the option to defer commissions under the plan. The assets of the trust are limited to shares of Company common stock and cash. Awards related to participant contributions generally vest immediately or over a period of two to five years. Awards related to Company contributions generally vest over a period of three to five years. The participants will generally forgo any accrued but unvested benefits if they voluntarily leave the Company. Vested shares in the plan are treated as issued and outstanding when computing basic and diluted earnings per share, whereas unvested shares are treated as issued and outstanding only when computing diluted earnings per share. Because excess shares and cash held by the trust were used to fund participant contributions during the years ended September 30, 2015 and 2014, the plan purchased no shares during these periods. During the year ended September 30, 2013, the plan purchased 50,600 shares on behalf of the participants at an average price of $10.17. There were 200,545 and 803 vested shares distributed to participants during the years ended September 30, 2015 and 2014, respectively, with aggregate market values at the time of distribution of $2.6 million and $9,000, respectively. Additionally, $181,000 of cash was distributed to participants from the plan during the year ended September 30, 2015. At September 30, 2015, there were 95,819 shares in the plan with an aggregate carrying value of $863,000. Such shares were included in treasury stock in the Company’s consolidated financial statements, including 2,650 shares that were not yet vested. Defined Contribution Plan — The Company maintains the Pulaski Bank Savings and Ownership Plan (the “KSOP”), which is a defined contribution plan established under the provision of Section 401(a) of the Internal Revenue Code (“IRC”). The KSOP includes a qualified cash or deferred arrangement as described in Section 401(k) of the IRC, for the benefit of eligible employees of the Company. All employees of the Company who have obtained six months of employment with the Company and attained age 21 are eligible to participate in the KSOP. The KSOP is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). Participants may contribute up to the lesser of $18,000 or 75% of their pretax base compensation, as defined by the KSOP, subject to certain limitations. The Company contributes an amount equal to 50% of each participant’s contribution, up to 5% of each participant’s pretax base compensation. Participants who have attained age 50 before the end of the year are eligible to make catch-up contributions of an additional $6,000. Participants may also contribute amounts representing distributions from other qualified defined benefit or contribution plans. Plan participants are immediately vested in their contributions, plus actual earnings thereon. Vesting in employer contributions occurs 25% per year until fully vested after four years of service. Participants may elect to have their individual accounts allocated to one or more of the available investment options. Participants may change their investment elections at any time. Investment options include the Company’s common stock and Schwab-managed funds that represent party-in-interest transactions allowable under ERISA regulations. During years ended September 30, 2015, 2014 and 2013, the Bank matched 50% of each participant’s contribution up to a maximum of 5% of salary. The Bank’s contributions to this plan were $435,000, $313,000 and $358,000 for the years ended September 30, 2015, 2014 and 2013, respectively. Employment Agreement - The Company and the Bank maintain a two-year employment agreement with its Chief Executive Officer (“CEO”). The two-year term of the agreement is extended daily unless written notice of non-renewal is given by the Board of Directors. Under the agreement, the Bank pays the CEO a base salary, which is reviewed at least annually and may be increased at the discretion of the Board of Directors. The CEO is also entitled to receive health and welfare benefits provided to other Company and Bank employees. Additionally, the agreement provides for severance payments and continued medical coverage for 24 months if employment is terminated following a change in control or upon an event of termination as defined in the agreement. In the event of a change in control and subsequent termination of employment, the CEO will receive a lump-sum payment equal to two times his average annual compensation computed using his base pay rate at the date of termination plus any bonus or incentive compensation earned by him in the prior fiscal year. The lump-sum payment will include an amount for any required excise tax due under the Internal Revenue Code of 1986. The agreement also prohibits the CEO from soliciting the services of any of the Company’s employees, and from competing with the Company, for a period of two years after termination.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Sep. 30, 2015
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	15. COMMITMENTS AND CONTINGENCIES The Company engages in commitments to originate loans in the ordinary course of business to meet customer financing needs. Such commitments are generally made following the Company’s usual underwriting guidelines, represent off-balance sheet financial instruments and do not present more than a normal amount of risk. The following table summarizes the notional amount of such commitments at September 30, 2015 and 2014 for which the Bank’s underwriting process has been completed and firm commitments have been issued to the borrowers. 2015 2014 (In thousands) Commitments to originate residential first and second mortgage loans $ $ Commitments to originate commercial mortgage loans Commitments to originate non-mortgage loans Commitments to originate consumer loans — Unused lines of credit - residential Unused lines of credit - commercial Unused lines of credit - consumer The Company is a defendant in legal actions arising from normal business activities. Management, after consultation with counsel, believes that the resolution of these actions will not have any material adverse effect on the Company’s consolidated financial statements.

DERIVATIVE FINANCIAL INSTRUMENT

DERIVATIVE FINANCIAL INSTRUMENTS	12 Months Ended
	Sep. 30, 2015
DERIVATIVE FINANCIAL INSTRUMENTS
DERIVATIVE FINANCIAL INSTRUMENTS	16. DERIVATIVE FINANCIAL INSTRUMENTS The Company originates and purchases derivative financial instruments, including interest rate lock commitments issued to residential loan customers for loans that will be held for sale, forward sales commitments to sell residential mortgage loans to loan investors and interest rate swaps. Refer to Note 18 , Fair Value Measurements , for a discussion of the fair value measurement of such derivatives. Interest Rate Lock Commitments - At September 30, 2015, the Company had issued $204.4 million of unexpired interest rate lock commitments to loan customers compared with $73.6 million of unexpired commitments at September 30, 2014. Such interest rate lock commitments that meet the definition of derivative financial instruments under ASC Topic 815, Derivatives and Hedging , are carried at their fair values in other assets or other liabilities in the consolidated financial statements, with changes in the fair values of the corresponding derivative financial assets or liabilities recorded as either a charge or credit to current earnings during the period in which the changes occurred. Forward Sales Commitments - At September 30, 2015, the Company had issued $311.3 million of unexpired forward sales commitments to mortgage loan investors compared with $120.1 million of unexpired commitments at September 30, 2014. Typically, the Company economically hedges mortgage loans held for sale and interest rate lock commitments issued to its residential loan customers related to loans that will be held for sale by obtaining corresponding best-efforts forward sales commitments with an investor to sell the loans at an agreed-upon price at the time the interest rate locks are issued to the customers. Forward sales commitments that meet the definition of derivative financial instruments under ASC Topic 815, Derivatives and Hedging , are carried at their fair values in other assets or other liabilities in the consolidated financial statements . While such forward sales commitments generally served as an economic hedge to the mortgage loans held for sale and interest rate lock commitments, the Company did not designate them for hedge accounting treatment. Consequently, changes in fair value of the corresponding derivative financial asset or liability were recorded as either a charge or credit to current earnings during the period in which the changes occurred. Interest Rate Swaps - The Company entered into two $14 million notional value interest-rate swap contracts during 2008 totaling $28 million notional value. The parties terminated the interest-rate swap agreements during December 2014, together with their remaining obligations to make any further payments under the agreements. These contracts supported a $14 million, variable-rate, commercial loan relationship and were used to allow the commercial loan customer to pay a fixed interest rate to the Company, while the Company, in turn, charged the customer a floating interest rate on the loan. Under the terms of the swap contract between the Company and the loan customer, the customer paid the Company a fixed interest rate of 6.58%, while the Company paid the customer a variable interest rate of one-month LIBOR plus 2.30%. Under the terms of a similar but separate swap contract between the Company and a major securities broker, the Company paid the broker a fixed interest rate of 6.58%, while the broker paid the Company a variable interest rate of one-month LIBOR plus 2.30%. The two contracts had identical terms except for the interest rates and were scheduled to mature on May 15, 2015. While these two swap derivatives generally worked together as an economic interest-rate hedge, the Company did not designate them for hedge accounting treatment. Consequently, both derivatives were marked to fair value through either a charge or credit to current earnings. The fair values of these derivative assets and liabilities recorded in the consolidated balance sheets at September 30, 2015 and 2014 are summarized as follows: 2015 2014 Fair value recorded in other assets $ $ Fair value recorded in other liabilities The gross gains and losses on these derivative assets and liabilities recorded in non-interest income and expense in the consolidated statements of income and comprehensive income for the years ended September 30, 2015 and 2014 are summarized as follows: 2015 2014 Gross gains $ $ Gross losses ) ) Net gain or loss $ ) $ — The Bank had $1.8 million in cash pledged to secure its obligation under the interest rate swap contracts at September 30, 2014.

FINANCIAL INSTRUMENTS WITH OFF-

FINANCIAL INSTRUMENTS WITH OFF-BALANCE-SHEET RISK AND CONCENTRATIONS OF CREDIT RISK	12 Months Ended
	Sep. 30, 2015
FINANCIAL INSTRUMENTS WITH OFF-BALANCE-SHEET RISK AND CONCENTRATIONS OF CREDIT RISK
FINANCIAL INSTRUMENTS WITH OFF-BALANCE-SHEET RISK AND CONCENTRATIONS OF CREDIT RISK	17. FINANCIAL INSTRUMENTS WITH OFF-BALANCE-SHEET RISK AND CONCENTRATIONS OF CREDIT RISK The Company is a party to financial instruments with off-balance-sheet risk in the normal course of business to meet the financing needs of its customers by issuing commitments to extend credit. Such commitments are agreements to lend to a customer, provided there is no violation of any condition established in the contract. These commitments generally have fixed expiration dates or other termination clauses. The Company evaluates each customer’s creditworthiness on a case-by-case basis. At September 30, 2015 and 2014, the Company had commitments to originate loans of approximately $181.9 million and $167.0 million, respectively, of which $153.8 million and $120.1 million, respectively, were committed to be sold. Additionally, the Company had outstanding commitments to borrowers under unused residential mortgage and home equity lines of credit and commercial lines of credit totaling $45.0 million and $173.8 million, respectively, at September 30, 2015 compared with $51.9 million and $156.8 million, respectively, at September 30, 2014. At September 30, 2015 and 2014, the Company had loans receivable held for sale totaling $112.7 million and $58.1 million, respectively, substantially all of which were under commitments to be sold on a best-efforts basis. Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third party. These standby letters of credit are primarily issued for a fee to support contractual obligations of the Company’s customers. The credit risk involved with issuing letters of credit is essentially the same as the risk involved in extending loans to customers. At September 30, 2015, the Company had 43 letters of credit totaling approximately $6.7 million due to expire no later than June 2020 compared with 42 letters of credit totaling approximately $3.1 million due to expire no later than July 2019 at September 30, 2014.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
	Sep. 30, 2015
FAIR VALUE MEASUREMENTS
FAIR VALUE MEASUREMENTS	18. FAIR VALUE MEASUREMENTS The Company follows the provisions of ASC Topic 820, Fair Value Measurements and Disclosures, which defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles, and expands disclosures about fair value measurements. Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. A fair value measurement should reflect all of the assumptions that market participants would use in pricing the asset or liability, including assumptions about the risk inherent in a particular valuation technique, the effect of a restriction on the sale or use of an asset, and the risk of non-performance. A three-level hierarchy for valuation techniques is used to measure financial assets and financial liabilities at fair value. This hierarchy is based on whether the valuation inputs are observable or unobservable. Financial instrument valuations are considered Level 1 when they are based on quoted prices in active markets for identical assets or liabilities. Level 2 financial instrument valuations use quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data. Financial instrument valuations are considered Level 3 when they are determined using pricing models, discounted cash flow methodologies or similar techniques, and at least one significant model assumption or input is unobservable, and when determination of the fair value requires significant management judgment or estimation. ASC Topic 820 also provides guidance on determining fair value when the volume and level of activity for the asset or liability has significantly decreased and on identifying circumstances when a transaction may not be considered orderly. The Company records securities available for sale, loans held for sale and derivative financial instruments at their fair values on a recurring basis. Additionally, the Company records other assets at their fair values on a nonrecurring basis, such as impaired loans and real estate acquired in settlement of loans. These nonrecurring fair value adjustments typically involve application of lower-of-cost-or-market accounting or impairment write-downs of individual assets. The following is a general description of the methods used to value such assets. Debt and Mortgage-Backed Securities. The fair values of debt and mortgage-backed securities available for sale and held to maturity are generally based on quoted market prices or market prices for similar assets. The Company uses a third-party pricing service as its primary source for obtaining market value prices. On a quarterly basis, the Company validates the reasonableness of prices received from the third-party pricing service through independent price verification on a representative sample of securities in the portfolio. Loans Held for Sale . Beginning on January 1, 2015, the Company elected to adopt the fair value option for all residential mortgage loans originated for sale to investors and to account for such loans at their fair values with changes in fair value recognized in earnings, consistent with the provisions in ASC Topic 820, Fair Value Measurements and Disclosures . The Company accounted for mortgage loans held for sale that were originated prior to January 1, 2015 under the lower of cost or fair value option, with any corresponding adjustments recorded as a valuation adjustment, if necessary. Such fair value adjustments are recorded as a component of gain on sale in mortgage revenues in the statement of comprehensive income. The fair value of the mortgage loans held for sale are measured using observable quoted market or contract prices or market price equivalents, which are consistent with those used by other market participants. Consistent with the fair value principles in ASC Topic 820, any direct loan origination fees and costs related to loans accounted for at fair value are recognized in the statement of comprehensive income when earned or incurred, rather than capitalized and accounted for as a part of the cost basis of loans held for sale. Derivative Financial Assets and Liabilities . The fair values of derivative financial assets and liabilities resulting from interest rate lock commitments issued to residential loan customers for loans that will be held for sale are based on quoted market prices from the Company’s loan investors for similar loans, subject to certain adjustments to include such items as estimated pull-through success rates, changes in the level of market interest rates and the stage of completion of the loan approval process. The fair values of derivative financial assets and liabilities resulting from forward commitments to sell residential mortgage loans are based on the exit price the Company would incur to extinguish the commitment by reference to quoted market prices from the Company’s loan investors for similar loans. The fair values of interest rate swap assets and liabilities are based on quoted market prices by an independent valuation service. Impaired Loans . The fair values of impaired loans that are determined to be collateral dependent are generally based on market prices for similar assets determined through independent appraisals (Level 2 valuations) or discounted values of independent appraisals or brokers’ opinions of value (Level 3 valuations). Since most of the Company’s loans receivable that are secured by real estate are within the St. Louis metropolitan area, management is able to closely monitor the trend in real estate values in this area. Residential real estate loans are generally inspected when they become 45 to 60 days delinquent or when communications with the borrower indicate that a potential problem exists. New appraisals are generally obtained for impaired residential real estate loans if an inspection indicates the possibility of a significant decline in fair value. If a new appraisal is determined not to be necessary, management may obtain a broker’s opinion of value or apply a discount to the existing appraised value based on the age of such appraisal and the overall trend in real estate values in the market area since the date of such appraisal. Similarly, the Company maintains close contact with its commercial borrowers whose loans are determined to be impaired, and new appraisals are obtained when management believes there has been a significant change in fair value. Factors that management considers when determining whether there has been a significant change in fair value for commercial real estate-secured loans generally include overall market value trends in the surrounding areas and changes in factors that impact the properties’ cash flows, such as rental rates and occupancy levels that differ materially from the most current appraisals. The significance of such events is determined on a loan-by-loan basis based on the circumstances surrounding each of such loans. If a new appraisal is determined not to be necessary, management may apply a discount to the existing appraised value based on the age of such appraisal and the overall trend in real estate values in the market area since the date of such appraisal, or other factors that affect the value of the property, such as rental rates and occupancy levels. Real Estate Acquired in Settlement of Loans consists of loan collateral that has been repossessed through foreclosure or obtained by deed in lieu of foreclosure. This collateral is comprised of commercial and residential real estate. Such assets are recorded as held for sale initially at the lower of the loan balance or fair value of the collateral, as generally determined by a new appraisal at the time of foreclosure, less estimated selling costs. If the loan balance exceeds the fair value of the collateral, less estimated selling costs at the time of foreclosure, the difference is recorded as a charge to the allowance for loan losses. Subsequent to foreclosure, new appraisals are generally obtained if an inspection indicates the possibility of a significant decline in fair value. If a new appraisal is determined not to be necessary, management may obtain a broker’s opinion of value or apply a discount to the existing appraised value based on the age of such appraisal and the overall trend in real estate values in the market area since the date of such appraisal. Any decline in the fair value of the property subsequent to acquisition is charged to non-interest expense and credited to the allowance for losses on real estate acquired in settlement of loans. During the years ended September 30, 2015 and 2014, charge-offs to the allowance for loan losses at the time of foreclosure totaled $276,000 and $310,000, respectively, which represented 5% and 6% of the principal balance of loans that became subject to foreclosure during such periods, respectively. Intangible Assets and Goodwill are reviewed annually in the fourth fiscal quarter and/or when circumstances or other events indicate that impairment may have occurred. No impairment losses were recognized during the years ended September 30, 2015 or 2014. Assets and liabilities that were recorded at fair value on a recurring basis at September 30, 2015 and 2014 and the level of inputs used to determine their fair values are summarized below: Carrying Value at September 30, 2015 Fair Value Measurements Using Total Level 1 Level 2 Level 3 (In thousands) Assets: Debt and mortgage-backed securities available for sale $ $ — $ $ — Loans held for sale — — Derivative financial assets — — Total assets $ $ — $ $ — Liabilities: Derivative financial liabilities $ $ — $ $ — Total liabilities $ $ — $ $ — Carrying Value at September 30, 2014 Fair Value Measurements Using Total Level 1 Level 2 Level 3 (In thousands) Assets: Debt and mortgage-backed securities available for sale $ $ — $ $ — Derivative financial assets — — Total assets $ $ — $ $ — Liabilities: Derivative financial liabilities $ $ — $ $ — Total liabilities $ $ — $ $ — Assets that were recorded at fair value on a non-recurring basis at September 30, 2015 and 2014 and the level of inputs used to determine their fair values are summarized below: Total Losses Recognized in Carrying Value at September 30, 2015 the Year Ended Fair Value Measurements Using September 30, Total Level 1 Level 2 Level 3 2015 (In thousands) Assets: Impaired loans, net $ $ — $ — $ $ Real estate acquired in settlement of loans — — Total assets $ $ — $ — $ $ Total Losses/(Gains) Recognized in Carrying Value at September 30, 2014 the Year Ended Fair Value Measurements Using September 30, Total Level 1 Level 2 Level 3 2014 (In thousands) Assets: Impaired loans, net $ $ — $ — $ $ Real estate acquired in settlement of loans — — ) Total assets $ $ — $ — $ $ There were no transfers of assets or liabilities among the levels of inputs used to determine their fair values during the years ended September 30, 2015 or 2014.

DISCLOSURES ABOUT FAIR VALUE OF

DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS	12 Months Ended
	Sep. 30, 2015
DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS
DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS	19. DISCLOSURES ABOUT FAIR VALUES OF FINANCIAL INSTRUMENTS Fair values of financial instruments have been estimated by the Company using available market information and appropriate valuation methodologies, including those described in Note 18. However, considerable judgment is necessarily required to interpret market data used to develop the estimates of fair value. Accordingly, the estimates presented herein are not necessarily indicative of the amounts the Company might realize in a current market exchange. The use of different market assumptions and/or estimation methodologies could have a material effect on the estimated fair value amounts. The fair value estimates presented herein are based on pertinent information available to management as of September 30, 2015 and 2014. Although management is not aware of any factors that would significantly affect the estimated fair value amounts, such amounts have not been comprehensively revalued for purposes of these financial statements since that date. Therefore, current estimates of fair value may differ significantly from the amounts presented herein. Carrying values and estimated fair values at September 30, 2015 and 2014 are summarized as follows: Level in 2015 2014 Fair Value Estimated Estimated Measurement Carrying Fair Carrying Fair Hierarchy Value Value Value Value (In thousands) ASSETS: Cash and cash equivalents Level 1 $ $ $ $ Debt and mortgage-backed securities - AFS Level 2 Capital stock of Federal Home Loan Bank and Federal Reserve Bank Level 2 Debt and mortgage-backed securities - HTM Level 2 Loans held for sale Level 2 Loans receivable Level 3 Accrued interest receivable Level 1 Derivative financial assets Level 2 LIABILITIES: Deposit transaction accounts Level 2 Certificates of deposit Level 2 Borrowed money Level 2 Subordinated debentures Level 2 Accrued interest payable Level 2 Deriative financial liabilities Level 2 In addition to the methods described in Note 18 above, t he following methods and assumptions were used to estimate the fair value of the financial instruments: Cash and Cash Equivalents - The carrying amount approximates fair value. Capital Stock of the Federal Home Loan Bank and Federal Reserve Bank - The carrying amount represents redemption value, which approximates fair value. Loans Receivable - The fair value of loans receivable is estimated based on present values using applicable risk-adjusted spreads to the U. S. Treasury curve to approximate current interest rates applicable to each category of such financial instruments. No adjustment was made to the interest rates for changes in credit risk of performing loans where there are no known credit concerns. Management segregates loans into appropriate risk categories. Management believes that the risk factor embedded in the interest rates along with the allowance for loan losses applicable to the performing loan portfolio results in a fair valuation of such loans. The fair values of impaired loans are generally based on market prices for similar assets determined through independent appraisals or discounted values of independent appraisals and brokers’ opinions of value. This method of valuation does not incorporate the exit price concept of valuation prescribed by ASC Topic 820, Fair Value Measurements and Disclosures . Accrued Interest Receivable - The carrying value approximates fair value. Deposit s - The estimated fair value of demand deposits and savings accounts is the amount payable on demand at the reporting date. The estimated fair value of fixed-maturity certificates of deposit is estimated by discounting the future cash flows of existing deposits using rates currently available on advances from the FHLB having similar characteristics . Borrowed Money - The estimated fair value of advances from FHLB is determined by discounting the future cash flows of existing advances using rates currently available on advances from FHLB having similar characteristics. The estimated fair value of retail repurchase agreements is the carrying value since such agreements are at market rates and mature daily. The carrying value of the term loan approximates fair value since the loan carries a variable interest rate tied to the daily LIBOR rate. Subordinated Debentures - The estimated fair values of subordinated debentures are determined by discounting the estimated future cash flows using rates currently available on debentures having similar characteristics. Accrued Interest Payable - The carrying value approximates fair value. Off-Balance-Sheet Items — Except for commitments that qualify as derivative financial instruments, as discussed in Notes 16 and 18 , the estimated fair value of commitments to originate or purchase loans is based on the fees currently charged to enter into similar agreements. The aggregate value of these fees is not material. Such commitments are summarized in Note 15 , Commitments and Contingencies.

IMPACT OF RECENTLY ISSUED ACCOU

IMPACT OF RECENTLY ISSUED ACCOUNTING STANDARDS	12 Months Ended
	Sep. 30, 2015
IMPACT OF RECENTLY ISSUED ACCOUNTING STANDARDS
IMPACT OF RECENTLY ISSUED ACCOUNTING STANDARDS	20. IMPACT OF RECENTLY ISSUED ACCOUNTING STANDARDS Troubled Debt Restructurings by a Creditor. In January 2014, the FASB issued ASU 2014-04, Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure. The ASU requires companies to disclose the amount of foreclosed residential real estate property held and the recorded investment in consumer mortgage loans secured by residential real estate properties for which formal foreclosure proceedings are in process according to local requirements of the applicable jurisdiction. The ASU also defines when a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan and thus when a loan is transferred to foreclosed property. The ASU is effective for interim and annual periods beginning January 1, 2015. The adoption is not expected to have a significant effect on the Company’s consolidated financial statements. In addition, the FASB issued ASU 2014-14, “ Classification of Certain Government-Guaranteed Mortgage Loans upon Foreclosure, ” in August 2014. The ASU provides guidance on how to classify and measure foreclosed loans that are government-guaranteed. The objective of the ASU is to reduce diversity in practice by addressing the classification of foreclosed mortgage loans that are fully or partially guaranteed under government programs. These disclosures are required in interim and annual periods beginning January 1, 2015. The adoption did not have a significant effect on the Company’s consolidated financial statements. Revenue from Contracts with Customers. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers. The ASU supersedes revenue recognition requirements in Topic 605, Revenue Recognition , including most industry-specific revenue recognition guidance in the FASB ASC. The ASU requires an entity to recognize revenue that depicts the transfer of promised goods or services to customers in an amount reflecting the consideration the entity expects to receive in exchange for those goods or services. The ASU identifies specific steps that entities should apply to achieve this principle. The ASU is effective for interim and annual periods beginning January 1, 2017 and must be applied retrospectively. The Company is in the process of evaluating the impact of this ASU on its consolidated financial statements. Transfers and Servicing. In June 2014, the FASB issued ASU 2014-11, Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures. The ASU requires repurchase-to-maturity transactions and repurchase agreements that are part of financing arrangements to be accounted for as secured borrowings. The ASU also requires additional disclosures for certain transfers accounted for as sales. The accounting changes and the disclosures for sales are required to be presented in interim and annual periods beginning January 1, 2015. The ASU also requires disclosures about types of collateral, contractual tenor and potential risks for transactions accounted for as secured borrowings. These disclosures are required in interim and annual periods beginning April 1, 2015. The adoption did not have a significant effect on the Company’s consolidated financial statements. Stock Compensation. In June 2014, the FASB issued ASU 2014-12, Compensation — Stock Compensation . The ASU requires performance targets contained in stock-based compensation plans that affect vesting and that could be achieved after the requisite service period to be treated as performance conditions. The ASU is effective for annual periods and interim periods within those annual periods beginning after December 15, 2015. The adoption is not expected to have a significant effect on the Company’s consolidated financial statements. Presentation of Financial Statements - Going Concern Uncertainties. In August 2014, the FASB issued ASU 2014-15, Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern . ASU 2014-15 is intended to define management’s responsibility to evaluate whether there is substantial doubt about an organization’s ability to continue as a going concern and to provide related footnote disclosures. Under GAAP, financial statements are prepared under the presumption that the reporting organization will continue to operate as a going concern, except in limited circumstances. Financial reporting under this presumption is commonly referred to as the going concern basis of accounting. The going concern basis of accounting is critical to financial reporting because it establishes the fundamental basis for measuring and classifying assets and liabilities. Currently, GAAP lacks guidance about management’s responsibility to evaluate whether there is substantial doubt about the organization’s ability to continue as a going concern or to provide related footnote disclosures. This ASU provides guidance to an organization’s management, with principles and definitions that are intended to reduce diversity in the timing and content of disclosures that are commonly provided by organizations today in the financial statement footnotes. The amendments are effective for interim and annual periods ending after December 15, 2016. The adoption is not expected to have a significant effect on the Company’s consolidated financial statements.

SELECTED QUARTERLY FINANCIAL DA

SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)	12 Months Ended
	Sep. 30, 2015
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)	21. SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) The results of operations by quarter for the years ended September 30, 2015 and 2014 are as follows: Year Ended September 30, 2015 First Second Third Fourth Quarter Quarter Quarter Quarter Interest income $ $ $ $ Interest expense Net interest income Provision for loan losses — Net interest income after loan loss provision Non-interest income Non-interest expense Income before taxes Income tax expense Net income $ $ $ $ Income available to common shares $ $ $ $ Earnings per common share - basic $ $ $ $ Earnings per common share - diluted $ $ $ $ Weighted average common shares outstanding - basic Weighted average common shares outstanding - diluted Year Ended September 30, 2014 First Second Third Fourth Quarter Quarter Quarter Quarter Interest income $ $ $ $ Interest expense Net interest income Provision for loan losses Net interest income after loan loss provision Non-interest income Non-interest expense Income before taxes Income tax expense Net income $ $ $ $ Income available to common shares $ $ $ $ Earnings per common share - basic $ $ $ $ Earnings per common share - diluted $ $ $ $ Weighted average common shares outstanding - basic Weighted average common shares outstanding - diluted

CONDENSED PARENT-COMPANY-ONLY F

CONDENSED PARENT-COMPANY-ONLY FINANCIAL STATEMENTS	12 Months Ended
	Sep. 30, 2015
CONDENSED PARENT-COMPANY-ONLY FINANCIAL STATEMENTS.
CONDENSED PARENT-COMPANY-ONLY FINANCIAL STATEMENTS.	22. CONDENSED PARENT-COMPANY-ONLY FINANCIAL STATEMENTS. The following table presents the condensed parent-company-only balance sheets as of September 30, 2015 and 2014, and the condensed parent-company-only statements of income and cash flows of the Company for the years ended September 30, 2015, 2014 and 2013: Condensed Balance Sheets September 30, 2015 2014 ASSETS: Cash and cash equivalents $ $ Investment in Bank Intercompany loan to Bank Other assets Total assets $ $ LIABILITIES: Term loan $ $ Subordinated debentures Dividends payable Other liabilities Total liabilities STOCKHOLDER’S EQUITY Total liabilities and stockholder’s equity $ $ Condensed Statements of Income Years Ended September 30, 2015 2014 2013 Interest income $ $ $ Interest expense Net interest expense ) ) ) Non-interest income Non-interest expense Loss before income taxes and equity in earnings of Bank ) ) ) Income tax benefit ) ) ) Net loss before equity in earnings of Bank ) ) ) Equity in earnings of Bank Net income $ $ $ Income available to common shares $ $ $ Condensed Statements of Cash Flows Years Ended September 30, 2015 2014 2013 CASH FLOWS FROM OPERATING ACTIVITIES: Net income $ $ $ Adjustments to reconcile net income to net cash from operating activities: Equity in earnings of Bank ) ) ) Net change in other assets and liabilities ) Net cash used in operating activities ) ) ) CASH FLOWS FROM INVESTING ACTIVITIES: Cash received for investment in joint venture — — Cash paid for investment in joint venture — ) — Dividends received from Bank Decrease (increase) in intercompany loan ) Net cash provided by investing activities CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds received from term loan — — Payments on term loan ) ) — Stock options exercised Purchase of equity trust shares from treasury, net — — Proceeds received from Bank for stock-based compensation Commission on shares purchased for dividend reinvestment plan ) ) ) Repurchase of preferred shares — ) ) Redemption of preferred shares — ) — Common stock dividends ) ) ) Preferred stock dividends — ) ) Common stock issued — — Common stock issued under employee compensation plans Common stock surrendered to satisfy tax withholding obligations of stock-based compensation ) ) ) Net cash used in financing activities ) ) ) Net (decrease) increase in cash and cash equivalents ) ) Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year $ $ $

CUSTOMER FRAUD LOSS

CUSTOMER FRAUD LOSS	12 Months Ended
	Sep. 30, 2015
CUSTOMER FRAUD LOSS
CUSTOMER FRAUD LOSS	23. CUSTOMER FRAUD LOSS Subsequent to September 30, 2013, management uncovered an elaborate fraud perpetrated against the Bank by one of its commercial loan customers. The customer, who purported to be in the business of leasing equipment, created false documentation to purchase assets that did not exist and were the subject of fictitious leases. The Company’s total exposure to the customer at September 30, 2013 consisted of an aggregate outstanding loan balance of $7.0 million, less collateral of $631,000 that was in the Bank’s possession. As a result, the Company recorded a charge-off totaling $6.4 million effective September 30, 2013, which represented the entire amount of the exposure that was determined to be unsecured as a result of the fraud. The Company pursued an insurance claim for this loss under its fidelity bond, which carries a maximum limit of $5 million subject to certain adjustments. During 2015 the Company received $2.0 million from its insurance carrier, representing the final recovery of the loss. The recovery was recorded in non-interest income in the audited consolidated financial statement of operations.

REGULATORY CHARTER CONVERSION

REGULATORY CHARTER CONVERSION	12 Months Ended
	Sep. 30, 2015
REGULATORY CHARTER CONVERSION
REGULATORY CHARTER CONVERSION	24. REGULATORY CHARTER CONVERSION On July 15, 2015, Pulaski Bank converted its regulatory charter from a federal savings bank to a national bank. In conjunction with this conversion, Pulaski Financial Corp. converted its regulatory charter from a savings and loan holding company to a bank holding company. The Company believes the national bank charter is a better platform for its operations and will allow it to continue to grow its commercial business alongside its traditional retail business. The conversion to a national bank charter had no effect on Pulaski Bank’s customers. Depositors continue to be insured by the FDIC to the fullest extent permitted by law. Following the charter conversion, Pulaski Bank continued to be regulated by the Office of the Comptroller of the Currency and the Company continued to be regulated by the Federal Reserve Board.

SUBSEQUENT EVENT-PROPOSED MERGE

SUBSEQUENT EVENT-PROPOSED MERGER	12 Months Ended
	Sep. 30, 2015
SUBSEQUENT EVENT - PROPOSED MERGER
SUBSEQUENT EVENT	25. SUBSEQUENT EVENT — PROPOSED MERGER On December 3, 2015, the Company and First Busey Corporation, Champaign, Illinois (“First Busey”), entered into an Agreement and Plan of Merger (the “Merger Agreement”), pursuant to which First Busey will acquire the Company and the Bank. Under the terms of the Merger Agreement, each share of Company common stock will be converted into the right to receive 0.79 of a share of First Busey common stock. The Merger Agreement contains representations and warranties of both parties and customary conditions to the parties’ obligations to close the transaction, as well as agreements to cooperate in the process of consummating the transaction. Consummation of the transaction remains subject to customary closing conditions, including receipt of requisite shareholder approval and all required regulatory approvals. If the Merger Agreement is terminated under certain circumstances, the Company will be required to pay First Busey a termination fee of $9.0 million. The merger is anticipated to be completed in the first half of calendar year 2016. The Company expects to incur merger-related expenses prior to the completion of the merger including, but not limited to, approximately $2.7 million in professional services related to investment banker and legal fees. Approximately $600,000 of these expenses are expected to be incurred in the first quarter of 2016.

SUMMARY OF SIGNIFICANT ACCOUN33

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Sep. 30, 2015
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Principles of Consolidation	Principles of Consolidation - The consolidated financial statements include the accounts of Pulaski Financial Corp. and its wholly-owned subsidiary, Pulaski Bank, and its wholly-owned subsidiaries, Pulaski Service Corporation and Priority Property Holdings, LLC. All significant intercompany transactions have been eliminated in consolidation.
Use of Estimates	Use of Estimates - The preparation of these consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and that affect the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. The determination of the allowance for loan losses and the liability for loans sold and the valuation of the deferred tax asset are significant estimates reported within the consolidated financial statements.
Cash and Cash Equivalents	Cash and Cash Equivalents - For purposes of reporting cash flows, cash and cash equivalents include cash and amounts due from depository institutions, cash in transit, cash in the process of collection, federal funds sold, and overnight deposits at the Federal Home Loan Bank of Des Moines (“Federal Home Loan Bank” or “FHLB”) and Federal Reserve Bank of St. Louis (“Federal Reserve”). Generally, federal funds sold mature within one day.
Debt and Mortgage-Backed Securities Available for Sale	Debt and Mortgage-Backed Securities Available for Sale — Debt and mortgage-backed securities available for sale are recorded at their fair values, adjusted for amortization of premiums and accretion of discounts, which are recognized as adjustments to interest income over the life of the securities using the level-yield method. Refer to Note 18 , Fair Value Measurements , for additional information regarding how fair values are determined. Unrealized gains or losses on debt and mortgage-backed securities available for sale are included in accumulated other comprehensive income (loss) as separate component of stockholders’ equity, net of deferred income taxes. Gains or losses on the disposition of debt and mortgage-backed securities available for sale are recognized using the specific-identification method.
Mortgage-Backed Securities Held to Maturity	Mortgage-Backed Securities Held to Maturity - Mortgage-backed securities held to maturity are stated at cost, adjusted for amortization of premiums and accretion of discounts, since the Company has both the ability and intent to hold the securities to maturity. Premium amortization and discount accretion are recognized as adjustments to interest income over the life of the securities using the level-yield method.
Other-Than-Temporary Impairment of Debt and Mortgage-Backed Securities	Other-Than-Temporary Impairment of Debt and Mortgage-Backed Securities - When determining whether a debt or mortgage-backed security is other-than-temporarily impaired, management assesses whether (a) it has the intent to sell the security and (b) it is more likely than not that it will be required to sell the security prior to its anticipated recovery. In instances when a determination is made that an other-than-temporary impairment exists but management does not intend to sell the security and it is not more likely than not that it will be required to sell the security prior to its anticipated repayment or maturity, the other-than-temporary impairment is separated into (a) the amount of the total other-than-temporary impairment related to a decrease in cash flows expected to be collected from the security (the credit loss), and (b) the amount of the total other-than-temporary impairment related to all other factors. The amount of the total other-than-temporary impairment related to the credit loss is recognized as a charge to earnings. The amount of the total other-than-temporary impairment related to all other factors is recognized in other comprehensive income.
Capital Stock of the Federal Home Loan Bank	Capital Stock of the Federal Home Loan Bank - Capital stock of the Federal Home Loan Bank of Des Moines is required for membership in the FHLB and is carried at cost. The Bank must maintain a specified level of investment in FHLB stock based upon the amount of its outstanding FHLB borrowings. The value of FHLB stock is based upon the recoverability of the par value. In determining the recoverability of this investment, the Company considered the structure of the FHLB system, which enables the regulator of the FHLBs to reallocate debt among the members, so each individual FHLB has a potential obligation to repay the consolidated obligations issued by other FHLB members. In addition, the regulator for the FHLB system oversees changes to management, management practices and balance sheet management at the FHLB. Finally, the liquidity position of the FHLB has been strengthened with the support of the U.S. Treasury, which established a lending facility designed to provide secured funding on an as-needed basis to government-sponsored enterprises, such as the FHLB. The Company continues to monitor this investment for recoverability, but as of September 30, 2015, believed that it would recover the par value of the FHLB stock.
Capital Stock of the Federal Reserve Bank	Capital Stock of the Federal Reserve Bank - Capital stock of the Federal Reserve is required for membership in the Federal Reserve and is carried at cost. The Bank must maintain a specified level of investment in FRB stock equal to 6 per centum of the paid-up capital stock and surplus of the Bank. The outstanding capital stock shall increase as members increase their capital stock and surplus.
Mortgage Loans Held for Sale	Mortgage Loans Held for Sale — Mortgage loans held for sale consist of loans that management does not intend to hold until maturity and are reflected at their fair values, as the Company has elected to apply the fair value method of accounting, with changes in fair value recognized in earnings, consistent with the provisions in Accounting Standards Codification (“ASC”) Topic 820, Fair Value Measurements and Disclosures . The Company accounted for mortgage loans held for sale that were originated prior to January 1, 2015 under the lower of cost or fair value option, with any corresponding adjustments recorded as a valuation adjustment, if necessary. Fair value adjustments are recorded as a component of gain on sale in mortgage revenues in the statement of comprehensive income. The fair value of the mortgage loans held for sale are measured using observable quoted market or contract prices or market price equivalents, which are consistent with those used by other market participants. Consistent with the fair value principles of ASC Topic 820, any direct loan origination fees and costs related to loans accounted for at fair value are recognized in the statement of comprehensive income when earned or incurred rather than capitalized and accounted for as a part of the cost basis of loans held for sale.
Loans Receivable	Loans Receivable - Loans receivable are stated at the principal amounts outstanding adjusted for premiums, discounts, deferred loan fees and costs, loans in process and the allowance for loan losses. Loan origination and commitment fees on originated loans, net of certain direct loan origination costs, are deferred and amortized to interest income using the level-yield method over the estimated lives of the related loans. Interest on loans is accrued based upon the principal amounts outstanding. Refer to Note 4 , Loans Receivable and Allowance for Loan Losses , for summaries of the Company’s accounting policies regarding impaired loans and the related recognition of interest income, troubled debt restructurings and the allowance for loan losses.
Real Estate Acquired in Settlement of Loans	Real Estate Acquired in Settlement of Loans - Real estate acquired as a result of foreclosure or by deed-in-lieu of foreclosure is initially recorded at the lower of its cost, which is the unpaid principal balance of the related loan plus foreclosure costs, or fair value less estimated selling costs. Any write-down to fair value at the time the property is acquired is recorded as a charge-off to the allowance for loan losses. Any decline in the fair value of the property subsequent to acquisition is charged to non-interest expense and credited to the valuation allowance for real estate acquired in settlement of loans. Refer to Note 18 Fair Value Measurements , for additional information regarding how fair values are determined.
Derivative Financial Instruments	Derivative Financial Instruments - The Company originates and purchases derivative financial instruments, including interest rate lock commitments issued to residential loan customers for loans that will be held for sale, forward sales commitments to sell residential mortgage loans to loan investors and interest rate swaps. These instruments have certain interest rate risk characteristics that change in value based upon changes in the capital markets. Interest Rate Lock Commitments : Commitments to originate loans to be held for sale (interest rate lock commitments), which primarily consist of commitments to originate fixed-rate residential mortgage loans, are recorded at their fair values in other assets or other liabilities in the consolidated financial statements, with changes in the fair values of the corresponding derivative financial assets or liabilities recorded as either a charge or credit to the gain on sale component of mortgage revenues during the period in which the changes occurred. Such derivative financial instruments are recorded as an adjustment to the carrying value of the resulting loan once funded. Forward Sales Commitments - The Company generally economically hedges mortgage loans held for sale and interest rate lock commitments issued to its residential loan customers related to loans that will be held for sale by obtaining corresponding best-efforts forward sales commitments with an investor to sell the loans at an agreed-upon price at the time the interest rate locks are issued to the customers. Forward sales commitments that meet the definition of derivative financial instruments under ASC Topic 815, Derivatives and Hedging , are carried at their fair values in other assets or other liabilities in the consolidated financial statements. The Company does not designate these forward sales commitments for hedge accounting treatment, and accordingly, changes in fair value of the corresponding derivative financial asset or liability are recorded as either a charge or credit to the gain on sale component of mortgage revenues during the period in which the changes occur. Interest Rate Swaps : The Company periodically uses derivative financial instruments (primarily interest rate swaps) to assist in its interest rate risk management. All derivatives are measured and reported at fair value on the Company’s consolidated balance sheets as either an asset or a liability. For derivatives that are designated and qualify as a fair value hedge, the gain or loss on the derivative, as well as the offsetting gain or loss on the hedged item attributable to the hedged risk, are reported as other assets or other liabilities, as appropriate, in the consolidated balance sheets. For all hedging relationships, derivative gains and losses that are not effective in hedging the changes in fair value of the hedged item are recognized in earnings during the period of the change. Similarly, the changes in the fair value of derivatives that do not qualify for hedge accounting are also reported in non-interest income when they occur. The net cash settlements on derivatives that qualify for hedge accounting are recorded in interest income or interest expense, based on the item being hedged. The net cash settlements on derivatives that do not qualify for hedge accounting are reported in non-interest income. At the inception of the fair value hedge and quarterly thereafter, a formal assessment is performed to determine whether changes in the fair values of the derivatives have been highly effective in offsetting the changes in the fair values of the underlying hedged item and whether they are expected to be highly effective in the future. The Company formally documents all relationships between hedging instruments and hedged items, as well as its risk-management objective and strategy for undertaking the hedge. This process includes identification of the hedging instrument, hedged item, risk being hedged and the method for assessing effectiveness and measuring ineffectiveness. In addition, on a quarterly basis, the Company assesses whether the derivative used in the hedging transaction is highly effective in offsetting changes in fair value of the hedged item, and measures and records any ineffectiveness as a credit or charge to earnings. The Company discontinues hedge accounting prospectively when it is determined that the derivative is or will no longer be effective in offsetting changes in the fair value of the hedged item, the derivative expires, is sold or terminated, or management determines that designation of the derivative as a hedging instrument is no longer appropriate. The estimates of fair values of the Company’s derivatives and related liabilities are calculated by an independent third party using proprietary valuation models. The fair values produced by these valuation models are, in part, theoretical and reflect assumptions, which must be made in using the valuation models. Small changes in assumptions could result in significant changes in valuation. The risks inherent in the determination of the fair value of a derivative may result in income statement volatility.
Premises and Equipment	Premises and Equipment - Premises and equipment are stated at cost, less accumulated depreciation. Depreciation charged to operations is primarily computed utilizing the straight-line method over the estimated useful lives of the related assets. Estimated lives range from three to forty years for buildings and improvements and three to ten years for furniture and equipment. Maintenance and repairs are charged to expense when incurred. Major renewals and improvements are capitalized. Gains and losses on dispositions are credited or charged to earnings as incurred.
Goodwill	Goodwill - Goodwill represents the amount of acquisition cost over the fair value of net assets acquired in the purchase of another financial institution. The Company reviews goodwill for impairment at least annually, or more frequently if events or changes in circumstances indicate that the carrying value of the asset might be impaired. Impairment is determined by comparing the implied fair value of the reporting unit goodwill with the carrying amount of that goodwill. If the carrying amount of the reporting unit goodwill exceeds the implied fair value of that goodwill, an impairment loss is recognized in an amount equal to that excess. Any such adjustments are reflected in the results of operations in the periods in which they become known. After a goodwill impairment loss is recognized, the adjusted carrying amount of goodwill becomes its new accounting basis. No such impairment losses were recognized during any of the years in the three-year period ended September 30, 2015.
Stock-Based Compensation	Stock-Based Compensation - The Company maintains a number of stock-based incentive programs, which are discussed in more detail in Note 15. All stock-based compensation is recognized as an expense in the consolidated financial statements based on the fair value of the award.
Income Taxes	Income Taxes — Current income tax expense approximates taxes to be paid or refunded for the current period. Deferred income tax expense is computed using the balance sheet method. Under this method, the net deferred tax asset or liability is based on the tax effects of the differences between the book and tax bases of assets and liabilities, and recognizes enacted changes in tax rates and laws in the period in which they occur. Deferred income tax expense results from changes in deferred tax assets and liabilities between periods. Deferred tax assets are recognized subject to management’s judgment that realization is more likely than not. An uncertain tax position that meets the “more likely than not” recognition threshold is measured to determine the amount of benefit to recognize. The tax position is measured at the largest amount of benefit that is greater than 50% likely of being realized upon settlement. Interest and penalties are recognized as a component of income tax expense.

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	12 Months Ended
	Sep. 30, 2015
EARNINGS PER SHARE
Schedule of computations of basic and diluted earnings per share	Years Ended September 30, 2015 2014 2013 Net income $ $ $ Add (less): (Loss) benefit from repurchase of preferred stock, net — ) Preferred dividends declared — ) ) Accretion of discount on preferred stock — ) ) Income available for common shares $ $ $ Weighted average common shares outstanding - basic Effect of dilutive securities: Treasury stock held in equity trust - unvested shares Equivalent shares - employee stock options and awards Weighted average common shares outstanding - diluted Earnings per share: Basic $ $ $ Diluted

DEBT AND MORTGAGE-BACKED SECU35

DEBT AND MORTGAGE-BACKED SECURITIES (Tables)	12 Months Ended
	Sep. 30, 2015
DEBT AND MORTGAGE-BACKED SECURITIES
Schedule of amortized cost and estimated fair value of debt and mortgage-backed securities held to maturity and available for sale	September 30, 2015 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value HELD TO MATURITY: Debt obligations of government- sponsored entities $ $ $ ) $ Mortgage-backed securities: Ginnie Mae — Fannie Mae — Collateralized mortgage obligations: Freddie Mac — Total held to maturity $ $ $ ) $ Weighted average yield at end of year % AVAILABLE FOR SALE: Debt obligations of government- sponsored entities $ $ $ — $ Mortgage-backed securities: Ginnie Mae — Total available for sale $ $ $ — $ Weighted average yield at end of year % September 30, 2014 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value HELD TO MATURITY: Debt obligations of U.S. Treasury $ $ $ — $ Debt obligations of government- sponsored entities ) Mortgage-backed securities: Ginnie Mae ) Fannie Mae — Collateralized mortgage obligations: Freddie Mac — Total held to maturity $ $ $ ) $ Weighted average yield at end of year % AVAILABLE FOR SALE: Debt obligations of government- sponsored entities $ $ $ ) $ Mortgage-backed securities: Ginnie Mae — Total available for sale $ $ $ ) $ Weighted average yield at end of year %
Summary displaying the length of time debt securities available for sale were in a continuous unrealized loss position	September 30, 2015 Less than 12 months 12 months or more Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses Held to Maturity: Debt obligations of government-sponsored entities $ $ $ $ $ $ September 30, 2014 Less than 12 months 12 months or more Total Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses Held to Maturity: Debt obligations of government-sponsored entities $ $ $ — $ — $ $ Mortgage-backed securities Ginnie Mae — — Available for Sale: Debt obligations of government-sponsored entities Total $ $ $ $ $ $
Schedule of amortized cost and fair values of held-to-maturity and available-for-sale debt and mortgage-backed securities by contractual maturity	The amortized cost and fair values of held-to-maturity and available-for-sale debt and mortgage-backed securities at September 30, 2015, by contractual maturity, are shown below. Held to Maturity Available for Sale Amortized Fair Amortized Fair Cost Value Cost Value Term to maturity: One year or less $ $ $ — $ — Over one through five years Over five through ten years — — Over ten years Tota1 $ $ $ $

LOANS RECEIVABLE AND ALLOWANC36

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Tables)	12 Months Ended
	Sep. 30, 2015
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Summary of loans receivable	2015 2014 Single-family residential: Residential first mortgage $ $ Residential second mortgage Home equity lines of credit Total single-family residential Commercial: Commercial and multi-family real estate: Owner-occupied Non-owner occupied Land acquisition and development Real estate construction and development Commercial and industrial Total commercial Consumer and installment Add (less): Deferred loan costs Loans in process ) ) Allowance for loan losses ) ) Total $ $ Weighted average rate at end of year % %
Summary of changes in loans to senior officers and directors	Balance, September 30, 2013 $ Additions Repayments ) Other changes Balance, September 30, 2014 Additions Repayments ) Other changes ) Balance, September 30, 2015 $
Summary of home equity lines of credit scheduled to convert to a fully-amortizing basis	Principal Balance at September 30, 2015 (In thousands) Amount converting to fully-amortizing basis during year ended September 30, 2016 $ 2017 2018 2019 Thereafter Total $
Summary of the activity in the allowance for loan losses	2015 2014 2013 Balance, beginning of year $ $ $ Provision charged to expense Charge-offs: Single-family residential loans: Residential first mortgage Residential second mortgage Home equity lines of credit Total single-family residential loans Commercial loans: Commercial and multi-family real estate Land acquisition and development — Real estate construction and development — — Commercial and industrial Total commercial loans Consumer and installment Total charge-offs Recoveries: Single-family residential loans: Residential first mortgage Residential second mortgage Home equity lines of credit Total single-family residential loans Commercial loans: Commercial and multi-family real estate Land acquisition and development Real estate construction and development Commercial and industrial Total commercial loans Consumer and installment Total recoveries Net charge-offs Balance, end of year $ $ $
Summary of the changes in the allowance for loan losses, by loan portfolio segment	September 30, 2015 Residential Real Estate Commercial Consumer Unallocated Total Activity in allowance for loan losses: Balance, beginning of year $ $ $ $ $ Provision charged (credit) to expense ) ) Charge-offs ) ) ) — ) Recoveries — Balance, end of year $ $ $ $ $ September 30, 2014 Residential Real Estate Commercial Consumer Unallocated Total Activity in allowance for loan losses: Balance, beginning of year $ $ $ $ $ Provision charged (credit) to expense ) Charge-offs ) ) ) — ) Recoveries — Balance, end of year $ $ $ $ $
Summary of information regarding the balance in the allowance and the recorded investment in loans by impairment method	September 30, 2015 Residential Real Estate Commercial Consumer Unallocated Total Allowance balance at end of year based on: Loans individually evaluated for impairment $ $ $ — $ — $ Loans collectively evaluated for impairment Loans acquired with deteriorated credit quality — — — — — Total balance, end of year $ $ $ $ $ Recorded investment in loans receivable at end of year: Total loans receivable $ $ $ $ Loans receivable individually evaluated for impairment — Loans receivable collectively evaluated for impairment Loans receivable acquired with deteriorated credit quality — — — — September 30, 2014 Residential Real Estate Commercial Consumer Unallocated Total Allowance balance at end of year based on: Loans individually evaluated for impairment $ $ $ — $ — $ Loans collectively evaluated for impairment Loans acquired with deteriorated credit quality — — — — — Total balance, end of year $ $ $ $ $ Recorded investment in loans receivable at end of year: Total loans receivable $ $ $ $ Loans receivable individually evaluated for impairment Loans receivable collectively evaluated for impairment Loans receivable acquired with deteriorated credit quality — — — —
Summary of the unpaid principal balance and recorded investment of impaired loans	September 30, 2015 September 30, 2014 Unpaid Unpaid Principal Principal Balance Balance Net of Recorded Net of Recorded Charge-offs Investment Charge-offs Investment Classified as non-performing loans: (1) Non-accrual loans $ $ $ $ Troubled debt restructurings current under restructured terms Troubled debt restructurings past due under restructured terms Total non-performing loans Troubled debt restructurings returned to accrual status Total impaired loans $ $ $ $ (1) All non-performing loans at September 30, 2015 and 2014 were classified as non-accrual.
Summary of the principal balance, net of amounts charged off, of impaired loans by the impairment method used	2015 2014 (In thousands) Fair value of collateral method $ $ Present value of cash flows method Total impaired loans $ $
Summary of unpaid principal balances of impaired loans segregated by loans that had partial charge-offs recorded and loans with no partial charge-offs recorded, and the related recorded investments and allowance for loan losses	September 30, 2015 Loans with Partial Charge-offs Recorded Unpaid Total Unpaid Principal Unpaid Total Principal Balance Principal Recorded Less Balance of Loans Balance Investment Related Unpaid Amount of Net of With No Net of Net of Allowance Principal Partial Partial Partial Partial Partial For Loan Balance Charge-offs Charge-offs Charge-offs Charge-offs Charge-offs Losses WITH NO RELATED ALLOWANCE RECORDED: Single-family residential loans: Residential first mortgage $ $ $ $ $ $ $ — Residential second mortgage — Home equity lines of credit — Total single-family residential loans — Commercial loans: Commercial and multi-family real estate — Land acquisition and development — — — — — — — Real estate construction and development — — Commercial and industrial — Total commercial loans — Consumer and installment — — — — — — — Total — WITH AN ALLOWANCE RECORDED: Single-family residential loans: Residential first mortgage Residential second mortgage Home equity lines of credit Total single-family residential loans Commercial loans: Commercial and multi-family real estate — — — Land acquisition and development — — — — — — — Real estate construction and development — — — — — — — Commercial and industrial — — — Total commercial loans — — — Consumer and installment — — — — — — — Total TOTAL: Single-family residential loans: Residential first mortgage Residential second mortgage Home equity lines of credit Total single-family residential loans Commercial loans: Commercial and multi-family real estate Land acquisition and development — — — — — — — Real estate construction and development — — Commercial and industrial Total commercial loans Consumer and installment — — — — — — — Total $ $ $ $ $ $ $ September 30, 2014 Loans with Partial Charge-offs Recorded Unpaid Total Unpaid Principal Unpaid Total Principal Balance Principal Recorded Less Balance of Loans Balance Investment Related Unpaid Amount of Net of With No Net of Net of Allowance Principal Partial Partial Partial Partial Partial For Loan Balance Charge-offs Charge-offs Charge-offs Charge-offs Charge-offs Losses WITH NO RELATED ALLOWANCE RECORDED: Single-family residential loans: Residential first mortgage $ $ $ $ $ $ $ — Residential second mortgage — Home equity lines of credit — Total single-family residential loans — Commercial loans: Commercial and multi-family real estate — Land acquisition and development — — Real estate construction and development — — Commercial and industrial — Total commercial loans — Consumer and installment — Total — WITH AN ALLOWANCE RECORDED: Single-family residential loans: Residential first mortgage Residential second mortgage Home equity lines of credit — — — Total single-family residential loans Commercial loans: Commercial and multi-family real estate — — — Commercial and industrial — — — Total commercial loans — — — Consumer and installment — — — — — — — Total TOTAL: Single-family residential loans: Residential first mortgage Residential second mortgage Home equity lines of credit Total single-family residential loans Commercial loans: Commercial and multi-family real estate Land acquisition and development — — Real estate construction and development — — Commercial and industrial Total commercial loans Consumer and installment — Total $ $ $ $ $ $ $ Year Ended September 30, 2015 September 30, 2014 Average Interest Average Interest Recorded Income Recorded Income Investment Recognized Investment Recognized With no related allowance recorded: Single-family residential loans: Residential first mortgage $ $ $ $ Residential second mortgage Home equity lines of credit Commercial loans: Commercial and multi-family real estate Land acquisition and development — — Real estate construction and development — — Commercial and industrial Consumer and installment — — Total With an allowance recorded: Single-family residential loans: Residential first mortgage — Residential second mortgage — — Home equity lines of credit — — Commercial loans: Commercial and multi-family real estate — — Land acquisition and development — — — Real estate construction and development — — — Commercial and industrial — — Consumer and installment — — Total — Total: Single-family residential loans: Residential first mortgage Residential second mortgage Home equity lines of credit Commercial loans: Commercial and multi-family real estate Land acquisition and development — — Real estate construction and development — — Commercial and industrial Consumer and installment — — Total $ $
Summary of the recorded investment in loans receivable by class that were 30 days or more past due with respect to contractual principal or interest payments	September 30, 2015 90 Days 90 Days Total or More 30 to 59 Days 60 to 89 Days or More Total Loans And Still Past Due Past Due Past Due Past Due Current Receivable Accruing Nonaccrual Single-family residential: Residential first mortgage $ $ $ $ $ $ $ — $ Residential second mortgage — Home equity lines of credit — Total single-family residential — Commercial: Commercial and multi-family real estate — — Land acquisition and development — — — — — — Real estate construction and development — — — Commercial and industrial — — — Total commercial — Consumer and installment — — — — Total $ $ $ $ $ $ $ — $ September 30, 2014 90 Days 90 Days Total or More 30 to 59 Days 60 to 89 Days or More Total Loans And Still Past Due Past Due Past Due Past Due Current Receivable Accruing Nonaccrual Single-family residential: Residential first mortgage $ $ $ $ $ $ $ — $ Residential second mortgage — Home equity lines of credit — Total single-family residential — Commercial: Commercial and multi-family real estate — Land acquisition and development — — — Real estate construction and development — — — Commercial and industrial — — Total commercial — Consumer and installment — — — Total $ $ $ $ $ $ $ — $
Summary of the recorded investment of loan risk ratings by class	September 30, 2015 Special Pass Mention Substandard Doubtful Loss Single-family residential: Residential first mortgage $ $ — $ $ $ — Residential second mortgage — — Home equity lines of credit — Total single-family residential — Commercial: Commercial and multi-family real estate — — Land acquisition and development — — — Real estate construction and development — — — Commercial and industrial — — Total commercial — Consumer and installment — — — — Total — Less related specific allowance — — ) ) — Total net of allowance $ $ $ $ $ — September 30, 2014 Special Pass Mention Substandard Doubtful Loss Single-family residential: Residential first mortgage $ $ $ $ $ — Residential second mortgage — — Home equity lines of credit — Total single-family residential — Commercial: Commercial and multi-family real estate — — Land acquisition and development — Real estate construction and development — — — Commercial and industrial — — Total commercial — Consumer and installment — — Total — Less related specific allowance — — ) ) — Total net of allowance $ $ $ $ $ —
Summary of unpaid principal balance and recorded investment of troubled debt restructurings	September 30, 2015 September 30, 2014 Unpaid Unpaid Principal Principal Balance Balance Net of Recorded Net of Recorded Charge-offs Investment Charge-offs Investment Classified as non-performing loans (1): Current under restructured terms $ $ $ $ Past due under restructured terms Total non-performing Returned to accrual status Total troubled debt restructurings $ $ $ $ (1) All non-performing loans at September 30, 2015 and 2014 were classified as non-accrual.
Schedule of restructured accruing loans and defaulted during the period	Restructured During Preceding Total Restructured During Twelve Months and Defaulted During Year Ended September 30, Year Ended September 30, 2015 2014 2013 2015 2014 2013 Residential mortgage loans $ $ $ $ $ $ Commercial loans — — — Consumer loans — — — — — Total $ $ $ $ $ $

REAL ESTATE ACQUIRED IN SETTL37

REAL ESTATE ACQUIRED IN SETTLEMENT OF LOANS (Tables)	12 Months Ended
	Sep. 30, 2015
REAL ESTATE ACQUIRED IN SETTLEMENT OF LOANS
Schedule of real estate acquired in settlement of loans	2015 2014 Residential real estate $ $ Commercial real estate Less valuation allowance ) ) Total $ $
Schedule of allowance for losses on real estate acquired in settlement of loans	2015 2014 2013 Balance, beginning of year $ $ $ Provison (recovery) charged to non-interest expense ) Sale deficiencies charged to valuation allowance at time of sale ) ) ) Balance, end of year $ $ $

PREMISES AND EQUIPMENT (Tables)

PREMISES AND EQUIPMENT (Tables)	12 Months Ended
	Sep. 30, 2015
PREMISES AND EQUIPMENT
Schedule of premises and equipment	2015 2014 Land $ $ Office buildings and improvements Furniture and equipment Less accumulated depreciation ) ) Total $ $
Schedule of future minimum rental commitments under non-cancelable leases	Due in years ending September 30, 2016 $ 2017 2018 2019 2020 Thereafter Total $

DEPOSITS (Tables)

DEPOSITS (Tables)	12 Months Ended
	Sep. 30, 2015
DEPOSITS
Summary of deposits	September 30, 2015 September 30, 2014 Weighted Weighted Average Average Interest Interest Amount Rate Amount Rate Demand deposits: Non-interest-bearing checking $ — % $ — % Interest-bearing checking % % Savings accounts % % Money market % % Total demand deposits % % Certificates of deposit: Traditional % % CDARS % % Brokered % % Total certificates of deposit % % Total deposits $ % $ %
Schedule of maturities of certificates of deposit	Maturing within: Three months ending: December 31, 2015 $ March 31, 2016 June 30, 2016 September 30, 2016 Year ending September 30: 2017 2018 2019 2020 Total $
Summary of interest expense on deposits	2015 2014 2013 Interest-bearing checking $ $ $ Savings Money market Certificates of deposit Total $ $ $

BORROWED MONEY (Tables)

BORROWED MONEY (Tables)	12 Months Ended
	Sep. 30, 2015
BORROWED MONEY
Schedule of borrowed money	2015 2014 Weighted Weighted Average Average Interest Interest Amount Rate Amount Rate FHLB advances maturing within the year ending September 30: 2015 $ — — % $ % 2016 % — — % Thereafter % % Total FHLB advances % % Retail repurchase agreements % % Term loan % % Total borrowed money $ % $ %
Summary of the required principal payments for each of the next five years	Year ending September 30: 2016 $ 2017 2018 2019 2020 Thereafter Total $

LIABILITY FOR LOANS SOLD (Table

LIABILITY FOR LOANS SOLD (Tables)	12 Months Ended
	Sep. 30, 2015
LIABILITY FOR LOANS SOLD
Summary of principal balance of mortgage loan repurchase demands on loans previously sold	2015 2014 Received during period $ $ Resolved during period Unresolved at end of period
Summary of the changes in the mortgage loan repurchase reserve	2015 2014 Balance at beginning of period $ $ Provisions charged to expense Losses incurred to resolve demands ) ) Balance at end of period $ $
Summary of the manner in which the Company resolved mortgage loan repurchase demands received from its investors	2015 2014 Principal Balance of Loans Involved in Existing Claims That Were Resolved Losses Charged to Liability for Loans Sold Principal Balance of Loans Involved in Existing Claims That Were Resolved Losses Charged to Liability for Loans Sold Resolved by providing additional documentation with no further action required $ $ — $ $ — Resolved by repurchasing loans previously sold to investors Resolved by payments to reimburse investors for losses incurred Payments due upon early payoff of loans previously sold — — Total $ $ $ $

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Sep. 30, 2015
INCOME TAXES
Summary of Income tax expense	2015 2014 2013 Current expense: Federal $ $ $ State Deferred expense Total $ $ $
Schedule of income tax expense differs from that computed at the federal statutory rate	2015 2014 2013 Amount % Amount % Amount % Tax at statutory federal income tax rate $ % $ % $ % Non-taxable income from bank-owned life insurance ) )% ) )% ) )% Non-taxable interest and dividends ) )% ) )% ) )% State taxes, net of federal benefit % % % Other, net ) )% ) )% % Total $ % $ % $ %
Schedule of components of deferred tax assets and liabilities	2015 2014 Deferred tax assets: Allowance for loan losses $ $ Stock-based compensation Non-accrual interest Deferred compensation Equity investments Unrealized losses on securities available for sale — Capital loss carryforward Other — Gross deferred tax assets Less: Valuation allowance Deferred tax assets, net of valuation allowance Deferred tax liabilities: FHLB stock dividends Premises and equipment Unrealized gains on securities available for sale — Other Gross deferred tax liabilities Net deferred tax assets $ $
Change in the deferred tax valuation allowance	2015 2014 2013 Balance, beginning of year $ $ — $ — Increase in deferred tax asset valuation allowance charged to provision for income taxes — Balance, end of year $ $ $ —
Schedule of aggregate changes in the balance of gross unrecognized tax benefits	Balance at September 30, 2014 $ Increases related to tax positions taken during a prior period — Decreases related to tax positions taken during a prior period — Increases related to tax positions taken during the current period Decreases related to tax positions taken during the current period — Decreases related to settlements with taxing authorities — Decreases related to the expiration of the statute of limitations ) Balance at September 30, 2015 $

REGULATORY CAPITAL REQUIREMEN43

REGULATORY CAPITAL REQUIREMENTS (Tables)	12 Months Ended
	Sep. 30, 2015
REGULATORY CAPITAL REQUIREMENTS
Schedule of minimum total risk-based, Tier I risk-based and Tier I leverage ratios to be maintained for bank to be categorized as "well capitalized"	To be Categorized as “Well Capitalized” under Prompt For Capital Corrective Action Actual Adequacy Purposes Provisions Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) As of September 30, 2015: Common equity Tier I capital to total risk-weighted assets $ % $ % $ % Tier I capital to total risk-weighted assets % % % Total capital to total risk- weighted assets % % % Tier I leverage capital to average assets % % %
Schedule of reconciliation of Tier I stockholders' equity and regulatory risk-based capital	To be Categorized as “Well Capitalized” under Prompt For Capital Corrective Action Actual Adequacy Purposes Provisions Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) As of September 30, 2015: Common equity tier 1 capital to total risk-weighted assets $ % $ % $ % Tier I capital to total risk-weighted assets % % % Total capital to total risk-weighted assets % % % Tier I leverage capital to average assets % % % As of September 30, 2014: Tangible capital to total assets $ % $ % N/A N/A Tier I risk-based capital to risk- weighted assets % N/A N/A $ % Total risk-based capital to risk-weighted assets % % % Tier I leverage capital to average assets % % %

EMPLOYEE BENEFITS (Tables)

EMPLOYEE BENEFITS (Tables)	12 Months Ended
	Sep. 30, 2015
EMPLOYEE BENEFITS.
Summary of activity in the Company's restricted stock awards	2015 2014 2013 Weighted Weighted Weighted Average Average Average Grant-Date Grant-Date Grant-Date Number Fair Value Number Fair Value Number Fair Value Nonvested at beginning of year $ $ $ Granted Vested ) ) ) Forfeited ) ) — — Nonvested at end of year $ $ $
Summary of activity in the Company's stock option program	2015 2014 2013 Weighted Weighted Average Weighted Weighted Average Aggregate Remaining Average Average Exercise Intrinsic Contractual Exercise Exercise Number Price Value Life (years) Number Price Number Price Outstanding at beginning of year $ $ $ Granted — — — — Exercised ) ) ) Expired ) ) — — Forfeited ) ) ) Outstanding at end of year $ $ $ $ Exercisable at end of year $ $ $ $
Summary of total stock-based compensation expense	2015 2014 2013 Total expense $ $ ) $ Earnings per share: Basic $ $ — $ Diluted —
Schedule of average assumptions used for estimated fair value of stock options using Black-Scholes option pricing model	Risk-free interest rate % Expected volatility % Expected life in years Dividend yield % Expected forfeiture rate %

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Sep. 30, 2015
COMMITMENTS AND CONTINGENCIES
Summary of notional amount of commitments representing off-balance sheet financial instruments	2015 2014 (In thousands) Commitments to originate residential first and second mortgage loans $ $ Commitments to originate commercial mortgage loans Commitments to originate non-mortgage loans Commitments to originate consumer loans — Unused lines of credit - residential Unused lines of credit - commercial Unused lines of credit - consumer

DERIVATIVE FINANCIAL INSTRUME46

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)	12 Months Ended
	Sep. 30, 2015
DERIVATIVE FINANCIAL INSTRUMENTS
Summary of fair values of contracts recorded in consolidated balance sheets	2015 2014 Fair value recorded in other assets $ $ Fair value recorded in other liabilities
Summary of gross gains and losses on contracts recorded in non-interest expense in consolidated statement of income and comprehensive income	2015 2014 Gross gains $ $ Gross losses ) ) Net gain or loss $ ) $ —

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	Sep. 30, 2015
FAIR VALUE MEASUREMENTS
Schedule of assets and liabilities recorded at fair value on recurring basis	Carrying Value at September 30, 2015 Fair Value Measurements Using Total Level 1 Level 2 Level 3 (In thousands) Assets: Debt and mortgage-backed securities available for sale $ $ — $ $ — Loans held for sale — — Derivative financial assets — — Total assets $ $ — $ $ — Liabilities: Derivative financial liabilities $ $ — $ $ — Total liabilities $ $ — $ $ — Carrying Value at September 30, 2014 Fair Value Measurements Using Total Level 1 Level 2 Level 3 (In thousands) Assets: Debt and mortgage-backed securities available for sale $ $ — $ $ — Derivative financial assets — — Total assets $ $ — $ $ — Liabilities: Derivative financial liabilities $ $ — $ $ — Total liabilities $ $ — $ $ —
Schedule of assets recorded at fair value on a non-recurring basis	Total Losses Recognized in Carrying Value at September 30, 2015 the Year Ended Fair Value Measurements Using September 30, Total Level 1 Level 2 Level 3 2015 (In thousands) Assets: Impaired loans, net $ $ — $ — $ $ Real estate acquired in settlement of loans — — Total assets $ $ — $ — $ $ Total Losses/(Gains) Recognized in Carrying Value at September 30, 2014 the Year Ended Fair Value Measurements Using September 30, Total Level 1 Level 2 Level 3 2014 (In thousands) Assets: Impaired loans, net $ $ — $ — $ $ Real estate acquired in settlement of loans — — ) Total assets $ $ — $ — $ $

DISCLOSURES ABOUT FAIR VALUE 48

DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	12 Months Ended
	Sep. 30, 2015
DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS
Summary of carrying values and estimated fair values	Level in 2015 2014 Fair Value Estimated Estimated Measurement Carrying Fair Carrying Fair Hierarchy Value Value Value Value (In thousands) ASSETS: Cash and cash equivalents Level 1 $ $ $ $ Debt and mortgage-backed securities - AFS Level 2 Capital stock of Federal Home Loan Bank and Federal Reserve Bank Level 2 Debt and mortgage-backed securities - HTM Level 2 Loans held for sale Level 2 Loans receivable Level 3 Accrued interest receivable Level 1 Derivative financial assets Level 2 LIABILITIES: Deposit transaction accounts Level 2 Certificates of deposit Level 2 Borrowed money Level 2 Subordinated debentures Level 2 Accrued interest payable Level 2 Deriative financial liabilities Level 2

SELECTED QUARTERLY FINANCIAL 49

SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)	12 Months Ended
	Sep. 30, 2015
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)
Schedule of results of operations by quarter	Year Ended September 30, 2015 First Second Third Fourth Quarter Quarter Quarter Quarter Interest income $ $ $ $ Interest expense Net interest income Provision for loan losses — Net interest income after loan loss provision Non-interest income Non-interest expense Income before taxes Income tax expense Net income $ $ $ $ Income available to common shares $ $ $ $ Earnings per common share - basic $ $ $ $ Earnings per common share - diluted $ $ $ $ Weighted average common shares outstanding - basic Weighted average common shares outstanding - diluted Year Ended September 30, 2014 First Second Third Fourth Quarter Quarter Quarter Quarter Interest income $ $ $ $ Interest expense Net interest income Provision for loan losses Net interest income after loan loss provision Non-interest income Non-interest expense Income before taxes Income tax expense Net income $ $ $ $ Income available to common shares $ $ $ $ Earnings per common share - basic $ $ $ $ Earnings per common share - diluted $ $ $ $ Weighted average common shares outstanding - basic Weighted average common shares outstanding - diluted

CONDENSED PARENT-COMPANY-ONLY50

CONDENSED PARENT-COMPANY-ONLY FINANCIAL STATEMENTS (Tables) - Parent Company	12 Months Ended
	Sep. 30, 2015
Condensed Financial Statements, Captions [Line Items]
Schedule of condensed parent-company-only balance sheets	September 30, 2015 2014 ASSETS: Cash and cash equivalents $ $ Investment in Bank Intercompany loan to Bank Other assets Total assets $ $ LIABILITIES: Term loan $ $ Subordinated debentures Dividends payable Other liabilities Total liabilities STOCKHOLDER’S EQUITY Total liabilities and stockholder’s equity $ $
Schedule of condensed parent-company-only statements of income	Years Ended September 30, 2015 2014 2013 Interest income $ $ $ Interest expense Net interest expense ) ) ) Non-interest income Non-interest expense Loss before income taxes and equity in earnings of Bank ) ) ) Income tax benefit ) ) ) Net loss before equity in earnings of Bank ) ) ) Equity in earnings of Bank Net income $ $ $ Income available to common shares $ $ $
Schedule of condensed parent-company-only statements of cash flows	Years Ended September 30, 2015 2014 2013 CASH FLOWS FROM OPERATING ACTIVITIES: Net income $ $ $ Adjustments to reconcile net income to net cash from operating activities: Equity in earnings of Bank ) ) ) Net change in other assets and liabilities ) Net cash used in operating activities ) ) ) CASH FLOWS FROM INVESTING ACTIVITIES: Cash received for investment in joint venture — — Cash paid for investment in joint venture — ) — Dividends received from Bank Decrease (increase) in intercompany loan ) Net cash provided by investing activities CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds received from term loan — — Payments on term loan ) ) — Stock options exercised Purchase of equity trust shares from treasury, net — — Proceeds received from Bank for stock-based compensation Commission on shares purchased for dividend reinvestment plan ) ) ) Repurchase of preferred shares — ) ) Redemption of preferred shares — ) — Common stock dividends ) ) ) Preferred stock dividends — ) ) Common stock issued — — Common stock issued under employee compensation plans Common stock surrendered to satisfy tax withholding obligations of stock-based compensation ) ) ) Net cash used in financing activities ) ) ) Net (decrease) increase in cash and cash equivalents ) ) Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year $ $ $

SUMMARY OF SIGNIFICANT ACCOUN51

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	12 Months Ended
	Sep. 30, 2015USD ($)trustlocation	Sep. 30, 2014USD ($)	Sep. 30, 2013USD ($)
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Number of special-purpose subsidiary trusts | trust	2
Number of full-service bank locations | location	13
Cash and Cash Equivalents
Maturity period of federal funds sold	1 day
Capital Stock of the Federal Reserve Bank
Investment in FRB stock (as a percent)	6
Goodwill
Impairment losses related to goodwill | $	$ 0	$ 0	$ 0
Office buildings and improvements | Minimum
Premises and Equipment
Estimated lives	3 years
Office buildings and improvements | Maximum
Premises and Equipment
Estimated lives	40 years
Furniture and equipment | Minimum
Premises and Equipment
Estimated lives	3 years
Furniture and equipment | Maximum
Premises and Equipment
Estimated lives	10 years

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($)	3 Months Ended								12 Months Ended
	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
EARNINGS PER SHARE
Net income	$ 3,551,639	$ 4,352,859	$ 3,087,626	$ 3,135,323	$ 3,422,743	$ 3,004,636	$ 2,103,167	$ 2,502,816	$ 14,127,447	$ 11,033,362	$ 9,809,059
Add (less): (Loss) benefit from repurchase of preferred stock, net										(26,815)	22,604
Add (less): Preferred dividends declared										(705,520)	(1,234,529)
Add (less): Accretion of discount on preferred stock										(77,917)	(307,647)
Income available for common shares	$ 3,551,639	$ 4,352,859	$ 3,087,626	$ 3,135,323	$ 3,296,336	$ 2,804,241	$ 1,914,984	$ 2,207,549	$ 14,127,447	$ 10,223,110	$ 8,289,487
Weighted average common shares outstanding - basic (in shares)	11,883,373	11,896,781	11,805,494	11,715,120	11,671,891	11,023,167	10,969,484	10,948,781	11,825,104	11,154,695	10,892,136
Effect of dilutive securities:
Treasury stock held in equity trust - unvested shares (in shares)									125,484	205,257	192,851
Equivalent shares - employee stock options and awards (in shares)									113,768	210,081	47,954
Weighted average common shares outstanding - diluted (in shares)	12,065,763	12,081,029	12,115,757	12,063,777	12,095,294	11,418,794	11,357,212	11,220,002	12,064,356	11,570,033	11,132,941
Earnings per share:
Basic (in dollars per share)	$ 0.30	$ 0.37	$ 0.26	$ 0.27	$ 0.28	$ 0.25	$ 0.17	$ 0.20	$ 1.19	$ 0.92	$ 0.76
Diluted (in dollars per share)	$ 0.29	$ 0.36	$ 0.25	$ 0.26	$ 0.27	$ 0.25	$ 0.17	$ 0.20	$ 1.17	$ 0.88	$ 0.74
Additional disclosures
Anti-dilutive options to purchase common shares excluded from the computations of diluted earnings per share									177,194	389,824	450,758

DEBT AND MORTGAGE-BACKED SECU53

DEBT AND MORTGAGE-BACKED SECURITIES (Details) - USD ($)	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Held to Maturity:
Amortized Cost	$ 42,201,040	$ 28,351,669
Gross Unrealized Gains	127,039	158,901
Gross Unrealized Losses	(8,272)	(14,268)
Fair Value	$ 42,319,807	$ 28,496,302
Weighted average yield at end of period (as a percent)	0.55%	0.58%
Available for Sale:
Amortized Cost	$ 5,321,662	$ 13,121,881
Gross Unrealized Gains	5,169	5,279
Gross Unrealized Losses		(47,554)
Fair Value	$ 5,326,831	$ 13,079,606
Weighted average yield at end of period (as a percent)	0.67%	0.63%
Other-than-temporary impairment, held to maturity securities	$ 0	$ 0
U S Treasury Securities
Held to Maturity:
Amortized Cost		5,004,751
Gross Unrealized Gains		3,061
Fair Value		5,007,812
U S Government Sponsored Enterprises Debt Securities
Held to Maturity:
Amortized Cost	39,688,302	20,078,936
Gross Unrealized Gains	9,781	2,107
Gross Unrealized Losses	(8,272)	(14,267)
Fair Value	39,689,811	20,066,776
Available for Sale:
Amortized Cost	5,173,663	12,943,684
Gross Unrealized Gains	2,128	1,428
Gross Unrealized Losses		(47,554)
Fair Value	5,175,791	12,897,558
Mortgage Backed Securities | Government National Mortgage Association Certificates And Obligations GNMA
Held to Maturity:
Amortized Cost	22,783	44,619
Gross Unrealized Gains	630	1,274
Gross Unrealized Losses		(1)
Fair Value	23,413	45,892
Available for Sale:
Amortized Cost	147,999	178,197
Gross Unrealized Gains	3,041	3,851
Fair Value	151,040	182,048
Mortgage Backed Securities | Federal National Mortgage Association Certificates And Obligations FNMA
Held to Maturity:
Amortized Cost	2,487,024	3,219,744
Gross Unrealized Gains	116,593	152,428
Fair Value	2,603,617	3,372,172
Collateralized Mortgage Obligations | Federal Home Loan Mortgage Corporation Certificates And Obligations FHLMC
Held to Maturity:
Amortized Cost	2,931	3,619
Gross Unrealized Gains	35	31
Fair Value	$ 2,966	$ 3,650

DEBT AND MORTGAGE-BACKED SECU54

DEBT AND MORTGAGE-BACKED SECURITIES (Details 2) - USD ($)	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Fair Value
Less than 12 months, total		$ 20,066,601
12 months or more, total		2,891,808
Total		22,958,409
Unrealized Losses
Less than 12 months, total		28,630
12 months or more, total		33,192
Total		61,822
Unrealized Losses
Total		47,554
Carrying values of debt and mortgage-backed securities available for sale and held to maturity	$ 44,900,000	35,200,000
U S Government Sponsored Enterprises Debt Securities
Unrealized Losses
Total		47,554
U S Government Sponsored Enterprises Debt Securities | Available-for-sale Securities.
Fair Value
Less than 12 months		4,999,806
12 months or more		2,891,808
Total		7,891,614
Unrealized Losses
Less than 12 months		14,362
12 months or more		33,192
Total		47,554
U S Government Sponsored Enterprises Debt Securities | Held-to-maturity Securities.
Fair Value
Less than 12 months	10,088,530	15,064,137
12 months or more	4,998,330
Total	15,086,860	15,064,137
Unrealized Losses
Less than 12 months	7,180	14,267
12 months or more	1,092
Total	$ 8,272	14,267
Government National Mortgage Association Certificates And Obligations GNMA | Held-to-maturity Securities.
Fair Value
Less than 12 months		2,658
Total		2,658
Unrealized Losses
Less than 12 months		1
Total		$ 1

DEBT AND MORTGAGE-BACKED SECU55

DEBT AND MORTGAGE-BACKED SECURITIES (Details 3) - USD ($)	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Term to maturity: Amortized Cost
One year or less	$ 15,013,486
Over one through five years	24,797,305
Over five through ten years	2,930
Over ten years	2,387,319
Amortized Cost	42,201,040	$ 28,351,669
Term to maturity: Fair Value
One year of less	15,015,463
Over one through five years	24,797,906
Over five through ten years	2,966
Over ten years	2,503,472
Fair Value	42,319,807	28,496,302
Term to maturity: Amortized Cost
Over one through five years	5,232,755
Over ten years	88,907
Amortized Cost	5,321,662	13,121,881
Term to maturity: Fair Value
Over one through five years	5,237,922
Over ten years	88,909
Fair Value	5,326,831	13,079,606
Proceeds from sales of available-for-sale securities	$ 0	$ 0	$ 0

LOANS RECEIVABLE AND ALLOWANC56

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Details) - USD ($)	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Loans receivable
Loans receivables, gross	$ 1,203,344,562	$ 1,122,811,271
Add (less):
Deferred loan costs	5,243,573	4,669,148
Loans in process	(4,419,624)	(640,508)
Allowance for loan losses	(15,799,107)	(15,978,421)	$ (18,306,114)	$ (17,116,595)
Total	$ 1,188,369,404	$ 1,110,861,490
Weighted average interest rate at end of period (as a percent)	3.97%	4.11%
Single-family residential loans
Loans receivable
Loans receivables, gross	$ 430,619,619	$ 403,103,717
Add (less):
Allowance for loan losses	(5,869,174)	(7,671,441)	(9,973,713)
Residential First Mortgage
Loans receivable
Loans receivables, gross	318,267,276	273,370,228
Residential Second Mortgage
Loans receivable
Loans receivables, gross	41,822,172	39,554,425
Home Equity Lines of Credit
Loans receivable
Loans receivables, gross	70,530,171	90,179,064
Commercial Loan
Loans receivable
Loans receivables, gross	771,073,978	715,682,926
Add (less):
Allowance for loan losses	(9,900,981)	(8,084,608)	$ (8,110,926)
Nonowner Occupied Commercial Multifamily Real Estate
Loans receivable
Loans receivables, gross	253,216,014	261,948,139
Owner Occupied Commercial Multifamily Real Estate
Loans receivable
Loans receivables, gross	147,654,718	134,609,203
Commercial Land Acquisition And Development
Loans receivable
Loans receivables, gross	32,584,435	37,051,375
Commercial Real Estate Construction Financing Receivable
Loans receivable
Loans receivables, gross	79,389,600	46,777,239
Commercial And Industrial
Loans receivable
Loans receivables, gross	258,229,211	235,296,970
Consumer And Installment
Loans receivable
Loans receivables, gross	$ 1,650,965	$ 4,024,628

LOANS RECEIVABLE AND ALLOWANC57

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Details 2) - USD ($)	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Changes in loans to senior officers and directors
Servicing loans for others	$ 3,500,000	$ 4,900,000
Executive Officers And Directors
Changes in loans to senior officers and directors
Balance at the beginning of the period	1,658,197	1,533,245
Additions	729,706	1,017,031
Repayments	(1,066,858)	(1,004,425)
Other changes	(161,499)	112,346
Balance at the end of the period	$ 1,159,546	$ 1,658,197
Single-family residential loans
Loans receivable
Charge-offs recognition period	180 days
Home Equity Lines of Credit | Executive Officers And Directors
Changes in loans to senior officers and directors
Loans, including undisbursed portion	$ 809,000
Loans, disbursed portion	$ 97,000
Consumer Loan
Loans receivable
Charge-offs recognition period	120 days

LOANS RECEIVABLE AND ALLOWANC58

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Details 3)	3 Months Ended								12 Months Ended
	Sep. 30, 2015USD ($)	Jun. 30, 2015USD ($)	Dec. 31, 2014USD ($)	Sep. 30, 2014USD ($)	Jun. 30, 2014USD ($)	Mar. 31, 2014USD ($)	Dec. 31, 2013USD ($)	Dec. 31, 2007	Sep. 30, 2015USD ($)classfamily	Sep. 30, 2014USD ($)	Sep. 30, 2013USD ($)
Principal Balance
Total	$ 1,203,344,562			$ 1,122,811,271					$ 1,203,344,562	$ 1,122,811,271
Activity in the allowance for loan losses
Balance at the beginning of the period			$ 15,978,421				$ 18,306,114		15,978,421	18,306,114	$ 17,116,595
Provision charged (credit) to expense	500,000	$ 1,000,000	500,000	310,000	$ 200,000	$ 500,000	200,000		2,000,000	1,210,000	12,090,000
Charge-offs									2,947,433	5,993,644	15,685,376
Recoveries									768,119	2,455,951	4,784,895
Net charge-offs									2,179,314	3,537,693	10,900,481
Balance at the end of the period	15,799,107			15,978,421					$ 15,799,107	15,978,421	18,306,114
Single-family residential loans
Allowance for loan losses
Number of classes in loans receivable | class									3
Proceeds from the sale of foreclosed property									$ 0
Principal Balance
Total	430,619,619			403,103,717					430,619,619	403,103,717
Activity in the allowance for loan losses
Balance at the beginning of the period			7,671,441				9,973,713		7,671,441	9,973,713
Provision charged (credit) to expense									(95,458)	853,386
Charge-offs									2,300,320	3,966,996	7,398,939
Recoveries									593,511	811,338	856,498
Balance at the end of the period	5,869,174			7,671,441					$ 5,869,174	7,671,441	9,973,713
Single-family residential loans | Minimum
Allowance for loan losses
Number of families per real estate property securing loans receivable | family									1
Loan-to-value ratio required at the time of origination for private mortgage insurance (as a percent)									80.00%
Single-family residential loans | Maximum
Allowance for loan losses
Number of families per real estate property securing loans receivable | family									4
Loan-to-value ratio at the time of origination (as a percent)									80.00%
Residential First Mortgage
Principal Balance
Total	318,267,276			273,370,228					$ 318,267,276	273,370,228
Activity in the allowance for loan losses
Charge-offs									806,155	1,771,410	3,364,443
Recoveries									157,942	396,557	79,968
Residential Second Mortgage
Principal Balance
Total	41,822,172			39,554,425					41,822,172	39,554,425
Activity in the allowance for loan losses
Charge-offs									398,404	618,306	1,632,770
Recoveries									$ 189,112	91,735	232,353
Residential Second Mortgage | Minimum
Allowance for loan losses
Loan-to-value ratio at the time of origination (as a percent)									80.00%
Residential Second Mortgage | Maximum
Allowance for loan losses
Combined loan to value ratio (as a percent)								80.00%
Home Equity Lines of Credit
Allowance for loan losses
Initial maturity period									10 years
Initial period for payment of interest									10 years
Monthly principal payments due prior to maturity									$ 0
Maturity period									15 years
Initial draw period requiring interest-only payments									5 years
Draw period requiring payment of principal and interest on a fully-amortizing basis									10 years
Principal Balance
2,016	15,749,000								$ 15,749,000
2,017	18,002,000								18,002,000
2,018	22,728,000								22,728,000
2,019	7,987,000								7,987,000
Thereafter	6,064,000								6,064,000
Total	70,530,171			90,179,064					70,530,171	90,179,064
Activity in the allowance for loan losses
Charge-offs									1,095,761	1,577,280	2,401,726
Recoveries									$ 246,457	323,046	544,177
Commercial Loan
Allowance for loan losses
Number of classes in loans receivable | class									4
Principal Balance
Total	771,073,978			715,682,926					$ 771,073,978	715,682,926
Activity in the allowance for loan losses
Balance at the beginning of the period			$ 8,084,608				$ 8,110,926		8,084,608	8,110,926
Provision charged (credit) to expense									2,088,617	258,807
Charge-offs									419,205	1,898,975	8,179,343
Recoveries									146,961	1,613,850	3,883,176
Balance at the end of the period	9,900,981			8,084,608					9,900,981	8,084,608	8,110,926
Commercial And Multi Family Real Estate
Activity in the allowance for loan losses
Charge-offs									358,546	15,215	1,012,650
Recoveries									92,305	764,868	1,638,249
Commercial Land Acquisition And Development
Principal Balance
Total	32,584,435			37,051,375					32,584,435	37,051,375
Activity in the allowance for loan losses
Charge-offs										1,882,765	73,094
Recoveries									8,000	600	23,160
Commercial Real Estate Construction Financing Receivable
Principal Balance
Total	79,389,600			46,777,239					79,389,600	46,777,239
Activity in the allowance for loan losses
Charge-offs											259,743
Recoveries									3,904	260	1,800,303
Commercial And Industrial
Principal Balance
Total	258,229,211			235,296,970					258,229,211	235,296,970
Activity in the allowance for loan losses
Charge-offs									60,659	995	6,833,856
Recoveries									42,752	848,122	421,464
Consumer And Installment
Principal Balance
Total	$ 1,650,965			$ 4,024,628					1,650,965	4,024,628
Activity in the allowance for loan losses
Charge-offs									227,908	127,673	107,094
Recoveries									$ 27,647	$ 30,763	$ 45,221

LOANS RECEIVABLE AND ALLOWANC59

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Details 4) - USD ($)	3 Months Ended							12 Months Ended
	Sep. 30, 2015	Jun. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2015	Sep. 30, 2014
Changes in the allowance for loan losses by portfolio segment based on impairment method
Balance at the beginning of the period			$ 15,978,421				$ 18,306,114	$ 15,978,421	$ 18,306,114	$ 17,116,595
Provision charged (credited) to expense	$ 500,000	$ 1,000,000	500,000	$ 310,000	$ 200,000	$ 500,000	200,000	2,000,000	1,210,000	12,090,000
Charge-offs								(2,947,433)	(5,993,644)	(15,685,376)
Recoveries								768,119	2,455,951	4,784,895
Balance at the end of the period	15,799,107			15,978,421				15,799,107	15,978,421	18,306,114
Allowance balance at end of period based on:
Loans individually evaluated for impairment											$ 1,022,112	$ 1,198,624
Loans collectively evaluated for impairment											14,776,995	14,779,797
Total balance at the end of the period	15,799,107		15,978,421	15,978,421			18,306,114	15,978,421	18,306,114	17,116,595	15,799,107	15,978,421
Recorded investment in loans receivable at end of period:
Total loans receivable											1,204,168,511	1,126,839,911
Loans receivable individually evaluated for impairment											17,696,117	27,152,492
Loans receivable collectively evaluated for impairment											1,186,472,394	1,099,687,419
Single-family residential loans
Changes in the allowance for loan losses by portfolio segment based on impairment method
Balance at the beginning of the period			7,671,441				9,973,713	7,671,441	9,973,713
Provision charged (credited) to expense								(95,458)	853,386
Charge-offs								(2,300,320)	(3,966,996)	(7,398,939)
Recoveries								593,511	811,338	856,498
Balance at the end of the period	5,869,174			7,671,441				5,869,174	7,671,441	9,973,713
Allowance balance at end of period based on:
Loans individually evaluated for impairment											977,140	1,048,993
Loans collectively evaluated for impairment											4,892,034	6,622,448
Total balance at the end of the period	5,869,174		7,671,441	7,671,441			9,973,713	7,671,441	9,973,713	9,973,713	5,869,174	7,671,441
Recorded investment in loans receivable at end of period:
Total loans receivable											434,158,827	406,213,818
Loans receivable individually evaluated for impairment											13,609,898	16,915,315
Loans receivable collectively evaluated for impairment											420,548,929	389,298,503
Commercial Loan
Changes in the allowance for loan losses by portfolio segment based on impairment method
Balance at the beginning of the period			8,084,608				8,110,926	8,084,608	8,110,926
Provision charged (credited) to expense								2,088,617	258,807
Charge-offs								(419,205)	(1,898,975)	(8,179,343)
Recoveries								146,961	1,613,850	3,883,176
Balance at the end of the period	9,900,981			8,084,608				9,900,981	8,084,608	8,110,926
Allowance balance at end of period based on:
Loans individually evaluated for impairment											44,972	149,631
Loans collectively evaluated for impairment											9,856,009	7,934,977
Total balance at the end of the period	9,900,981		8,084,608	8,084,608			8,110,926	8,084,608	8,110,926	8,110,926	9,900,981	8,084,608
Recorded investment in loans receivable at end of period:
Total loans receivable											768,357,268	716,595,562
Loans receivable individually evaluated for impairment											4,086,219	10,222,559
Loans receivable collectively evaluated for impairment											764,271,049	706,373,003
Consumer Loan
Changes in the allowance for loan losses by portfolio segment based on impairment method
Balance at the beginning of the period			28,797				24,947	28,797	24,947
Provision charged (credited) to expense								193,159	100,760
Charge-offs								(227,908)	(127,673)
Recoveries								27,647	30,763
Balance at the end of the period	21,695			28,797				21,695	28,797	24,947
Allowance balance at end of period based on:
Loans collectively evaluated for impairment											21,695	28,797
Total balance at the end of the period	21,695		28,797	28,797			24,947	28,797	24,947	24,947	21,695	28,797
Recorded investment in loans receivable at end of period:
Total loans receivable											1,652,416	4,030,531
Loans receivable individually evaluated for impairment												14,618
Loans receivable collectively evaluated for impairment											1,652,416	4,015,913
Unallocated Financing Receivables
Changes in the allowance for loan losses by portfolio segment based on impairment method
Balance at the beginning of the period			193,575				196,528	193,575	196,528
Provision charged (credited) to expense								(186,318)	(2,953)
Balance at the end of the period	7,257			193,575				7,257	193,575	196,528
Allowance balance at end of period based on:
Loans collectively evaluated for impairment											7,257	193,575
Total balance at the end of the period	$ 7,257		$ 193,575	$ 193,575			$ 196,528	$ 193,575	$ 196,528	$ 196,528	$ 7,257	$ 193,575

LOANS RECEIVABLE AND ALLOWANC60

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Details 5) - USD ($)	Sep. 30, 2015	Sep. 30, 2014
Impaired loans
Unpaid Principal Balance Net of Charge-offs	$ 33,185,755	$ 45,936,184
Recorded Investment	33,392,916	46,205,565
Fair Value Measurements Nonrecurring | Fair Value Inputs Level 3
Impaired loans
Unpaid Principal Balance Net of Charge-offs	33,186,000	45,936,000
Fair Value Measurements Nonrecurring | Fair Value Inputs Level 3 | Collateral Fair Value Valuation Technique
Impaired loans
Unpaid Principal Balance Net of Charge-offs	24,018,000	34,508,000
Fair Value Measurements Nonrecurring | Fair Value Inputs Level 3 | Cash Flows Present Value Valuation Technique
Impaired loans
Unpaid Principal Balance Net of Charge-offs	9,168,000	11,428,000
Non Performing Loans
Impaired loans
Unpaid Principal Balance Net of Charge-offs	17,574,475	26,972,257
Recorded Investment	17,696,116	27,152,492
Non Accrual Loans
Impaired loans
Unpaid Principal Balance Net of Charge-offs	5,538,920	10,397,909
Recorded Investment	5,577,568	10,453,775
Troubled Debt Restructurings Current Under Restructured Terms
Impaired loans
Unpaid Principal Balance Net of Charge-offs	9,768,545	10,985,340
Recorded Investment	9,838,465	11,068,219
Troubled Debt Restructurings Past Due Under Restructured Terms
Impaired loans
Unpaid Principal Balance Net of Charge-offs	2,267,010	5,589,008
Recorded Investment	2,280,083	5,630,498
Troubled Debt Restructurings Returned To Accrual Status
Impaired loans
Unpaid Principal Balance Net of Charge-offs	15,611,280	18,963,927
Recorded Investment	$ 15,696,800	$ 19,053,073

LOANS RECEIVABLE AND ALLOWANC61

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Details 6) - USD ($)	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Unpaid Principal Balance, Loans with Partial Charge-offs Recorded
With no related allowance recorded	$ 9,833,635	$ 18,853,730
With an allowance recorded	390,111	151,988
Total	10,223,746	19,005,718
Amount of Partial Charge-Offs, Loans with Partial Charge-offs Recorded
With no related allowance recorded	4,415,526	6,841,463
With an allowance recorded	102,930	18,607
Total	4,518,456	6,860,070
Unpaid Principal Balance Net of Partial Charge-offs, Loans with Partial Charge Offs Recorded
With no related allowance recorded	5,418,109	12,012,267
With an allowance recorded	287,181	133,381
Total	5,705,290	12,145,648
Unpaid Principal Balance, Loans with No Partial Charge-offs Recorded
With no related allowance recorded	24,455,936	28,982,904
With an allowance recorded	3,024,529	4,807,632
Total	27,480,465	33,790,536
Total Unpaid Principal Balance Net of Partial Charge-offs, Loans with Partial Charge-offs Recorded
With no related allowance recorded	29,874,045	40,995,171
With an allowance recorded	3,311,710	4,941,013
Total	33,185,755	45,936,184
Total Recorded Investment Net of Partial Charge-offs
With no related allowance recorded	30,051,572	41,223,643
With an allowance recorded	3,341,344	4,981,922
Total	33,392,916	46,205,565
Related Allowance For Loan Losses	1,022,112	1,198,624
Interest Income Recognized During Period
With no related allowance recorded	802,062	918,508
With an allowance recorded		528
Total	802,062	919,036
Charge-offs of non-performing and impaired loans	2,900,000	6,000,000
Partial charge-offs of non-performing and impaired loans	792,000	3,200,000
Remaining principal balance of non-performing and impaired loans for which partial charge-offs were recorded previously	5,700,000	12,100,000
Residential Real Estate
Unpaid Principal Balance, Loans with Partial Charge-offs Recorded
With no related allowance recorded	5,902,363	6,419,746
With an allowance recorded	390,111	151,988
Total	6,292,474	6,571,734
Amount of Partial Charge-Offs, Loans with Partial Charge-offs Recorded
With no related allowance recorded	2,885,878	3,007,887
With an allowance recorded	102,930	18,607
Total	2,988,808	3,026,494
Unpaid Principal Balance Net of Partial Charge-offs, Loans with Partial Charge Offs Recorded
With no related allowance recorded	3,016,485	3,411,859
With an allowance recorded	287,181	133,381
Total	3,303,666	3,545,240
Unpaid Principal Balance, Loans with No Partial Charge-offs Recorded
With no related allowance recorded	19,398,486	21,675,537
With an allowance recorded	2,820,689	4,299,871
Total	22,219,175	25,975,408
Total Unpaid Principal Balance Net of Partial Charge-offs, Loans with Partial Charge-offs Recorded
With no related allowance recorded	22,414,971	25,087,396
With an allowance recorded	3,107,870	4,433,252
Total	25,522,841	29,520,648
Total Recorded Investment Net of Partial Charge-offs
With no related allowance recorded	22,575,684	25,295,830
With an allowance recorded	3,136,597	4,472,459
Total	25,712,281	29,768,289
Related Allowance For Loan Losses	977,140	1,048,993
Residential First Mortgage
Unpaid Principal Balance, Loans with Partial Charge-offs Recorded
With no related allowance recorded	4,350,788	4,765,925
With an allowance recorded	337,013	119,788
Total	4,687,801	4,885,713
Amount of Partial Charge-Offs, Loans with Partial Charge-offs Recorded
With no related allowance recorded	2,101,709	2,147,646
With an allowance recorded	87,921	18,550
Total	2,189,630	2,166,196
Unpaid Principal Balance Net of Partial Charge-offs, Loans with Partial Charge Offs Recorded
With no related allowance recorded	2,249,079	2,618,279
With an allowance recorded	249,092	101,238
Total	2,498,171	2,719,517
Unpaid Principal Balance, Loans with No Partial Charge-offs Recorded
With no related allowance recorded	14,528,332	16,127,230
With an allowance recorded	2,173,816	3,673,398
Total	16,702,148	19,800,628
Total Unpaid Principal Balance Net of Partial Charge-offs, Loans with Partial Charge-offs Recorded
With no related allowance recorded	16,777,411	18,745,509
With an allowance recorded	2,422,908	3,774,636
Total	19,200,319	22,520,145
Total Recorded Investment Net of Partial Charge-offs
With no related allowance recorded	16,912,036	18,922,860
With an allowance recorded	2,449,665	3,808,508
Total	19,361,701	22,731,368
Related Allowance For Loan Losses	576,849	759,169
Average Recorded Investment During Period
With no related allowance recorded	17,881,616	21,539,233
With an allowance recorded	3,008,914	3,597,246
Total	20,890,530	25,136,479
Interest Income Recognized During Period
With no related allowance recorded	451,993	466,598
With an allowance recorded		528
Total	451,993	467,126
Residential Second Mortgage
Unpaid Principal Balance, Loans with Partial Charge-offs Recorded
With no related allowance recorded	893,197	919,433
With an allowance recorded	47,008	32,200
Total	940,205	951,633
Amount of Partial Charge-Offs, Loans with Partial Charge-offs Recorded
With no related allowance recorded	555,172	521,046
With an allowance recorded	14,919	57
Total	570,091	521,103
Unpaid Principal Balance Net of Partial Charge-offs, Loans with Partial Charge Offs Recorded
With no related allowance recorded	338,025	398,387
With an allowance recorded	32,089	32,143
Total	370,114	430,530
Unpaid Principal Balance, Loans with No Partial Charge-offs Recorded
With no related allowance recorded	2,410,518	2,730,620
With an allowance recorded	319,185	521,855
Total	2,729,703	3,252,475
Total Unpaid Principal Balance Net of Partial Charge-offs, Loans with Partial Charge-offs Recorded
With no related allowance recorded	2,748,543	3,129,007
With an allowance recorded	351,274	553,998
Total	3,099,817	3,683,005
Total Recorded Investment Net of Partial Charge-offs
With no related allowance recorded	2,774,631	3,160,090
With an allowance recorded	353,244	559,333
Total	3,127,875	3,719,423
Related Allowance For Loan Losses	124,352	191,206
Average Recorded Investment During Period
With no related allowance recorded	3,235,818	3,033,653
With an allowance recorded	380,503	594,299
Total	3,616,321	3,627,952
Interest Income Recognized During Period
With no related allowance recorded	85,420	92,365
Total	85,420	92,365
Home Equity Lines of Credit
Unpaid Principal Balance, Loans with Partial Charge-offs Recorded
With no related allowance recorded	658,378	734,388
With an allowance recorded	6,090
Total	664,468	734,388
Amount of Partial Charge-Offs, Loans with Partial Charge-offs Recorded
With no related allowance recorded	228,997	339,195
With an allowance recorded	90
Total	229,087	339,195
Unpaid Principal Balance Net of Partial Charge-offs, Loans with Partial Charge Offs Recorded
With no related allowance recorded	429,381	395,193
With an allowance recorded	6,000
Total	435,381	395,193
Unpaid Principal Balance, Loans with No Partial Charge-offs Recorded
With no related allowance recorded	2,459,636	2,817,687
With an allowance recorded	327,688	104,618
Total	2,787,324	2,922,305
Total Unpaid Principal Balance Net of Partial Charge-offs, Loans with Partial Charge-offs Recorded
With no related allowance recorded	2,889,017	3,212,880
With an allowance recorded	333,688	104,618
Total	3,222,705	3,317,498
Total Recorded Investment Net of Partial Charge-offs
With no related allowance recorded	2,889,017	3,212,880
With an allowance recorded	333,688	104,618
Total	3,222,705	3,317,498
Related Allowance For Loan Losses	275,939	98,618
Average Recorded Investment During Period
With no related allowance recorded	3,021,067	3,213,968
With an allowance recorded	328,724	373,628
Total	3,349,791	3,587,596
Interest Income Recognized During Period
With no related allowance recorded	26,739	44,688
Total	26,739	44,688
Commercial Real Estate
Unpaid Principal Balance, Loans with Partial Charge-offs Recorded
With no related allowance recorded	3,931,272	12,326,021
Total	3,931,272	12,326,021
Amount of Partial Charge-Offs, Loans with Partial Charge-offs Recorded
With no related allowance recorded	1,529,648	3,739,734
Total	1,529,648	3,739,734
Unpaid Principal Balance Net of Partial Charge-offs, Loans with Partial Charge Offs Recorded
With no related allowance recorded	2,401,624	8,586,287
Total	2,401,624	8,586,287
Unpaid Principal Balance, Loans with No Partial Charge-offs Recorded
With no related allowance recorded	5,057,450	7,260,069
With an allowance recorded	203,840	507,761
Total	5,261,290	7,767,830
Total Unpaid Principal Balance Net of Partial Charge-offs, Loans with Partial Charge-offs Recorded
With no related allowance recorded	7,459,074	15,846,356
With an allowance recorded	203,840	507,761
Total	7,662,914	16,354,117
Total Recorded Investment Net of Partial Charge-offs
With no related allowance recorded	7,475,888	15,865,894
With an allowance recorded	204,747	509,463
Total	7,680,635	16,375,357
Related Allowance For Loan Losses	44,972	149,631
Commercial And Multi Family Real Estate
Unpaid Principal Balance, Loans with Partial Charge-offs Recorded
With no related allowance recorded	3,689,300	5,159,458
Total	3,689,300	5,159,458
Amount of Partial Charge-Offs, Loans with Partial Charge-offs Recorded
With no related allowance recorded	1,401,926	1,529,856
Total	1,401,926	1,529,856
Unpaid Principal Balance Net of Partial Charge-offs, Loans with Partial Charge Offs Recorded
With no related allowance recorded	2,287,374	3,629,602
Total	2,287,374	3,629,602
Unpaid Principal Balance, Loans with No Partial Charge-offs Recorded
With no related allowance recorded	4,722,522	5,895,832
With an allowance recorded	15,539	26,227
Total	4,738,061	5,922,059
Total Unpaid Principal Balance Net of Partial Charge-offs, Loans with Partial Charge-offs Recorded
With no related allowance recorded	7,009,896	9,525,434
With an allowance recorded	15,539	26,227
Total	7,025,435	9,551,661
Total Recorded Investment Net of Partial Charge-offs
With no related allowance recorded	7,025,759	9,541,447
With an allowance recorded	15,814	26,502
Total	7,041,573	9,567,949
Related Allowance For Loan Losses	3,539	14,227
Average Recorded Investment During Period
With no related allowance recorded	8,364,621	9,903,237
With an allowance recorded	21,118	706,924
Total	8,385,739	10,610,161
Interest Income Recognized During Period
With no related allowance recorded	201,859	308,740
Total	201,859	308,740
Commercial Land Acquisition And Development
Unpaid Principal Balance, Loans with Partial Charge-offs Recorded
With no related allowance recorded		4,643,113
Total		4,643,113
Amount of Partial Charge-Offs, Loans with Partial Charge-offs Recorded
With no related allowance recorded		870,436
Total		870,436
Unpaid Principal Balance Net of Partial Charge-offs, Loans with Partial Charge Offs Recorded
With no related allowance recorded		3,772,677
Total		3,772,677
Total Unpaid Principal Balance Net of Partial Charge-offs, Loans with Partial Charge-offs Recorded
With no related allowance recorded		3,772,677
Total		3,772,677
Total Recorded Investment Net of Partial Charge-offs
With no related allowance recorded		3,772,677
Total		3,772,677
Average Recorded Investment During Period
With no related allowance recorded	769,907	1,365,918
With an allowance recorded		694,203
Total	769,907	2,060,121
Commercial Real Estate Construction Financing Receivable
Unpaid Principal Balance, Loans with Partial Charge-offs Recorded
With no related allowance recorded	77,381	298,977
Total	77,381	298,977
Amount of Partial Charge-Offs, Loans with Partial Charge-offs Recorded
With no related allowance recorded	64,976	259,743
Total	64,976	259,743
Unpaid Principal Balance Net of Partial Charge-offs, Loans with Partial Charge Offs Recorded
With no related allowance recorded	12,405	39,234
Total	12,405	39,234
Total Unpaid Principal Balance Net of Partial Charge-offs, Loans with Partial Charge-offs Recorded
With no related allowance recorded	12,405	39,234
Total	12,405	39,234
Total Recorded Investment Net of Partial Charge-offs
With no related allowance recorded	11,250	39,320
Total	11,250	39,320
Average Recorded Investment During Period
With no related allowance recorded	17,415	36,968
With an allowance recorded		1,618
Total	17,415	38,586
Commercial And Industrial
Unpaid Principal Balance, Loans with Partial Charge-offs Recorded
With no related allowance recorded	164,591	2,224,473
Total	164,591	2,224,473
Amount of Partial Charge-Offs, Loans with Partial Charge-offs Recorded
With no related allowance recorded	62,746	1,079,699
Total	62,746	1,079,699
Unpaid Principal Balance Net of Partial Charge-offs, Loans with Partial Charge Offs Recorded
With no related allowance recorded	101,845	1,144,774
Total	101,845	1,144,774
Unpaid Principal Balance, Loans with No Partial Charge-offs Recorded
With no related allowance recorded	334,928	1,364,237
With an allowance recorded	188,301	481,534
Total	523,229	1,845,771
Total Unpaid Principal Balance Net of Partial Charge-offs, Loans with Partial Charge-offs Recorded
With no related allowance recorded	436,773	2,509,011
With an allowance recorded	188,301	481,534
Total	625,074	2,990,545
Total Recorded Investment Net of Partial Charge-offs
With no related allowance recorded	438,879	2,512,450
With an allowance recorded	188,933	482,961
Total	627,812	2,995,411
Related Allowance For Loan Losses	41,433	135,404
Average Recorded Investment During Period
With no related allowance recorded	1,322,040	2,375,527
With an allowance recorded	262,707	416,170
Total	1,584,747	2,791,697
Interest Income Recognized During Period
With no related allowance recorded	36,051	6,117
Total	36,051	6,117
Consumer And Installment
Unpaid Principal Balance, Loans with Partial Charge-offs Recorded
With no related allowance recorded		107,963
Total		107,963
Amount of Partial Charge-Offs, Loans with Partial Charge-offs Recorded
With no related allowance recorded		93,842
Total		93,842
Unpaid Principal Balance Net of Partial Charge-offs, Loans with Partial Charge Offs Recorded
With no related allowance recorded		14,121
Total		14,121
Unpaid Principal Balance, Loans with No Partial Charge-offs Recorded
With no related allowance recorded		47,298
Total		47,298
Total Unpaid Principal Balance Net of Partial Charge-offs, Loans with Partial Charge-offs Recorded
With no related allowance recorded		61,419
Total		61,419
Total Recorded Investment Net of Partial Charge-offs
With no related allowance recorded		61,919
Total		61,919
Average Recorded Investment During Period
With no related allowance recorded	43,586	123,769
With an allowance recorded	9,588	3,297
Total	$ 53,174	$ 127,066

LOANS RECEIVABLE AND ALLOWANC62

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Details 7) - USD ($)	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Delinquent and Non-Accrual Loans
Period of repayment performance for non-accrual loans to return to an accrual status	6 months
Loans that have passed their contractual maturity dates and are in process of renewal	$ 8,254,686	$ 11,560,019
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due	8,254,686	11,560,019
Current	1,195,913,825	1,115,279,892
Total loans receivable	1,204,168,511	1,126,839,911
Nonaccrual	17,696,116	27,152,492
Commercial Loan
Recorded investment in loans receivable by class that were 30 days or more past due
Total loans receivable	768,357,268	716,595,562
Residential Real Estate
Delinquent and Non-Accrual Loans
Loans that have passed their contractual maturity dates and are in process of renewal	7,633,052	9,771,283
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due	7,633,052	9,771,283
Current	426,525,775	396,442,535
Total loans receivable	434,158,827	406,213,818
Nonaccrual	13,609,897	16,915,314
Residential First Mortgage
Delinquent and Non-Accrual Loans
Loans that have passed their contractual maturity dates and are in process of renewal	4,829,204	6,218,093
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due	4,829,204	6,218,093
Current	316,265,868	269,552,935
Total loans receivable	321,095,072	275,771,028
Nonaccrual	9,496,061	12,319,237
Residential Second Mortgage
Delinquent and Non-Accrual Loans
Loans that have passed their contractual maturity dates and are in process of renewal	817,988	1,150,014
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due	817,988	1,150,014
Current	41,354,874	38,709,836
Total loans receivable	42,172,862	39,859,850
Nonaccrual	1,608,998	1,980,668
Home Equity Lines of Credit
Delinquent and Non-Accrual Loans
Loans that have passed their contractual maturity dates and are in process of renewal	1,985,860	2,403,176
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due	1,985,860	2,403,176
Current	68,905,033	88,179,764
Total loans receivable	70,890,893	90,582,940
Nonaccrual	2,504,838	2,615,409
Commercial Real Estate
Delinquent and Non-Accrual Loans
Loans that have passed their contractual maturity dates and are in process of renewal	619,214	1,787,319
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due	619,214	1,787,319
Current	767,738,054	714,808,243
Total loans receivable	768,357,268	716,595,562
Nonaccrual	4,086,219	10,222,559
Commercial And Multi Family Real Estate
Delinquent and Non-Accrual Loans
Loans that have passed their contractual maturity dates and are in process of renewal	306,836	777,181
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due	306,836	777,181
Current	401,572,086	396,613,928
Total loans receivable	401,878,922	397,391,109
Nonaccrual	3,447,157	4,467,240
Commercial Land Acquisition And Development
Delinquent and Non-Accrual Loans
Loans that have passed their contractual maturity dates and are in process of renewal		38,250
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due		38,250
Current	32,672,827	37,070,797
Total loans receivable	32,672,827	37,109,047
Nonaccrual		3,772,677
Commercial Real Estate Construction Financing Receivable
Delinquent and Non-Accrual Loans
Loans that have passed their contractual maturity dates and are in process of renewal	11,250	39,321
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due	11,250	39,321
Current	75,158,136	46,381,012
Total loans receivable	75,169,386	46,420,333
Nonaccrual	11,250	39,321
Commercial And Industrial
Delinquent and Non-Accrual Loans
Loans that have passed their contractual maturity dates and are in process of renewal	301,128	932,567
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due	301,128	932,567
Current	258,335,005	234,742,506
Total loans receivable	258,636,133	235,675,073
Nonaccrual	627,812	1,943,321
Consumer And Installment
Delinquent and Non-Accrual Loans
Loans that have passed their contractual maturity dates and are in process of renewal	2,420	1,417
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due	2,420	1,417
Current	1,649,996	4,029,114
Total loans receivable	1,652,416	4,030,531
Nonaccrual		14,619
30 to 59 Days Past Due
Delinquent and Non-Accrual Loans
Loans that have passed their contractual maturity dates and are in process of renewal	4,212,985	5,109,274
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due	4,212,985	5,109,274
30 to 59 Days Past Due | Residential Real Estate
Delinquent and Non-Accrual Loans
Loans that have passed their contractual maturity dates and are in process of renewal	4,133,685	4,905,896
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due	4,133,685	4,905,896
30 to 59 Days Past Due | Residential First Mortgage
Delinquent and Non-Accrual Loans
Loans that have passed their contractual maturity dates and are in process of renewal	2,825,620	2,859,631
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due	2,825,620	2,859,631
30 to 59 Days Past Due | Residential Second Mortgage
Delinquent and Non-Accrual Loans
Loans that have passed their contractual maturity dates and are in process of renewal	225,338	419,156
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due	225,338	419,156
30 to 59 Days Past Due | Home Equity Lines of Credit
Delinquent and Non-Accrual Loans
Loans that have passed their contractual maturity dates and are in process of renewal	1,082,727	1,627,109
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due	1,082,727	1,627,109
30 to 59 Days Past Due | Commercial Real Estate
Delinquent and Non-Accrual Loans
Loans that have passed their contractual maturity dates and are in process of renewal	76,880	201,961
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due	76,880	201,961
30 to 59 Days Past Due | Commercial And Multi Family Real Estate
Delinquent and Non-Accrual Loans
Loans that have passed their contractual maturity dates and are in process of renewal	76,880	105,905
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due	76,880	105,905
30 to 59 Days Past Due | Commercial And Industrial
Delinquent and Non-Accrual Loans
Loans that have passed their contractual maturity dates and are in process of renewal		96,056
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due		96,056
30 to 59 Days Past Due | Consumer And Installment
Delinquent and Non-Accrual Loans
Loans that have passed their contractual maturity dates and are in process of renewal	2,420	1,417
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due	2,420	1,417
60 to 89 Days Past Due
Delinquent and Non-Accrual Loans
Loans that have passed their contractual maturity dates and are in process of renewal	1,570,775	1,420,296
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due	1,570,775	1,420,296
60 to 89 Days Past Due | Residential Real Estate
Delinquent and Non-Accrual Loans
Loans that have passed their contractual maturity dates and are in process of renewal	1,559,525	1,107,340
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due	1,559,525	1,107,340
60 to 89 Days Past Due | Residential First Mortgage
Delinquent and Non-Accrual Loans
Loans that have passed their contractual maturity dates and are in process of renewal	1,011,186	169,242
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due	1,011,186	169,242
60 to 89 Days Past Due | Residential Second Mortgage
Delinquent and Non-Accrual Loans
Loans that have passed their contractual maturity dates and are in process of renewal	142,622	594,765
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due	142,622	594,765
60 to 89 Days Past Due | Home Equity Lines of Credit
Delinquent and Non-Accrual Loans
Loans that have passed their contractual maturity dates and are in process of renewal	405,717	343,333
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due	405,717	343,333
60 to 89 Days Past Due | Commercial Real Estate
Delinquent and Non-Accrual Loans
Loans that have passed their contractual maturity dates and are in process of renewal	11,250	312,956
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due	11,250	312,956
60 to 89 Days Past Due | Commercial And Multi Family Real Estate
Delinquent and Non-Accrual Loans
Loans that have passed their contractual maturity dates and are in process of renewal		273,635
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due		273,635
60 to 89 Days Past Due | Commercial Real Estate Construction Financing Receivable
Delinquent and Non-Accrual Loans
Loans that have passed their contractual maturity dates and are in process of renewal	11,250	39,321
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due	11,250	39,321
90 Days or More Past Due
Delinquent and Non-Accrual Loans
Loans that have passed their contractual maturity dates and are in process of renewal	2,470,926	5,030,449
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due	2,470,926	5,030,449
90 Days or More Past Due | Residential Real Estate
Delinquent and Non-Accrual Loans
Loans that have passed their contractual maturity dates and are in process of renewal	1,939,842	3,758,047
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due	1,939,842	3,758,047
90 Days or More Past Due | Residential First Mortgage
Delinquent and Non-Accrual Loans
Loans that have passed their contractual maturity dates and are in process of renewal	992,398	3,189,220
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due	992,398	3,189,220
90 Days or More Past Due | Residential Second Mortgage
Delinquent and Non-Accrual Loans
Loans that have passed their contractual maturity dates and are in process of renewal	450,028	136,093
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due	450,028	136,093
90 Days or More Past Due | Home Equity Lines of Credit
Delinquent and Non-Accrual Loans
Loans that have passed their contractual maturity dates and are in process of renewal	497,416	432,734
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due	497,416	432,734
90 Days or More Past Due | Commercial Real Estate
Delinquent and Non-Accrual Loans
Loans that have passed their contractual maturity dates and are in process of renewal	531,084	1,272,402
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due	531,084	1,272,402
90 Days or More Past Due | Commercial And Multi Family Real Estate
Delinquent and Non-Accrual Loans
Loans that have passed their contractual maturity dates and are in process of renewal	229,956	397,641
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due	229,956	397,641
90 Days or More Past Due | Commercial Land Acquisition And Development
Delinquent and Non-Accrual Loans
Loans that have passed their contractual maturity dates and are in process of renewal		38,250
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due		38,250
90 Days or More Past Due | Commercial And Industrial
Delinquent and Non-Accrual Loans
Loans that have passed their contractual maturity dates and are in process of renewal	301,128	836,511
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due	$ 301,128	$ 836,511

LOANS RECEIVABLE AND ALLOWANC63

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Details 8)	12 Months Ended
	Sep. 30, 2015USD ($)item	Sep. 30, 2014USD ($)
Recorded investment of loan risk ratings by class
Number of risk gradings internal rating system | item	5
Number of risk gradings in internal rating system of financing receivables assigned to a loan | item	1
Total loans receivables	$ 1,204,168,511	$ 1,126,839,911
Less related specific allowance	(1,022,112)	(1,198,624)
Total	1,188,369,404	1,110,861,490
Pass
Recorded investment of loan risk ratings by class
Total loans receivables	1,166,955,690	1,077,562,480
Total	1,166,955,690	1,077,562,480
Special Mention
Recorded investment of loan risk ratings by class
Total loans receivables	14,283,671	15,874,437
Total	14,283,671	15,874,437
Substandard
Recorded investment of loan risk ratings by class
Total loans receivables	19,382,936	28,621,429
Less related specific allowance	(527,670)	(728,461)
Total	18,855,266	27,892,968
Doubtful
Recorded investment of loan risk ratings by class
Total loans receivables	3,546,214	4,781,565
Less related specific allowance	(494,442)	(470,163)
Total	3,051,772	4,311,402
Residential Real Estate
Recorded investment of loan risk ratings by class
Total loans receivables	434,158,827	406,213,818
Less related specific allowance	(977,140)	(1,048,993)
Residential Real Estate | Pass
Recorded investment of loan risk ratings by class
Total loans receivables	420,436,136	388,089,259
Residential Real Estate | Special Mention
Recorded investment of loan risk ratings by class
Total loans receivables	31,875	225,541
Residential Real Estate | Substandard
Recorded investment of loan risk ratings by class
Total loans receivables	10,155,852	13,195,024
Residential Real Estate | Doubtful
Recorded investment of loan risk ratings by class
Total loans receivables	3,534,964	4,703,994
Residential First Mortgage
Recorded investment of loan risk ratings by class
Total loans receivables	321,095,072	275,771,028
Less related specific allowance	(576,849)	(759,169)
Residential First Mortgage | Pass
Recorded investment of loan risk ratings by class
Total loans receivables	311,599,012	262,420,207
Residential First Mortgage | Special Mention
Recorded investment of loan risk ratings by class
Total loans receivables		131,870
Residential First Mortgage | Substandard
Recorded investment of loan risk ratings by class
Total loans receivables	7,400,820	9,378,521
Residential First Mortgage | Doubtful
Recorded investment of loan risk ratings by class
Total loans receivables	2,095,240	3,840,430
Residential Second Mortgage
Recorded investment of loan risk ratings by class
Total loans receivables	42,172,862	39,859,850
Less related specific allowance	(124,352)	(191,206)
Residential Second Mortgage | Pass
Recorded investment of loan risk ratings by class
Total loans receivables	40,563,864	37,795,192
Residential Second Mortgage | Substandard
Recorded investment of loan risk ratings by class
Total loans receivables	1,060,090	1,761,632
Residential Second Mortgage | Doubtful
Recorded investment of loan risk ratings by class
Total loans receivables	548,908	303,026
Home Equity Lines of Credit
Recorded investment of loan risk ratings by class
Total loans receivables	70,890,893	90,582,940
Less related specific allowance	(275,939)	(98,618)
Home Equity Lines of Credit | Pass
Recorded investment of loan risk ratings by class
Total loans receivables	68,273,260	87,873,860
Home Equity Lines of Credit | Special Mention
Recorded investment of loan risk ratings by class
Total loans receivables	31,875	93,671
Home Equity Lines of Credit | Substandard
Recorded investment of loan risk ratings by class
Total loans receivables	1,694,942	2,054,871
Home Equity Lines of Credit | Doubtful
Recorded investment of loan risk ratings by class
Total loans receivables	890,816	560,538
Commercial Real Estate
Recorded investment of loan risk ratings by class
Total loans receivables	768,357,268	716,595,562
Less related specific allowance	(44,972)	(149,631)
Commercial Real Estate | Pass
Recorded investment of loan risk ratings by class
Total loans receivables	744,867,138	685,692,620
Commercial Real Estate | Special Mention
Recorded investment of loan risk ratings by class
Total loans receivables	14,251,796	15,413,584
Commercial Real Estate | Substandard
Recorded investment of loan risk ratings by class
Total loans receivables	9,227,084	15,411,787
Commercial Real Estate | Doubtful
Recorded investment of loan risk ratings by class
Total loans receivables	11,250	77,571
Commercial And Multi Family Real Estate
Recorded investment of loan risk ratings by class
Total loans receivables	401,878,922	397,391,109
Less related specific allowance	(3,539)	(14,227)
Commercial And Multi Family Real Estate | Pass
Recorded investment of loan risk ratings by class
Total loans receivables	389,876,016	379,336,720
Commercial And Multi Family Real Estate | Special Mention
Recorded investment of loan risk ratings by class
Total loans receivables	5,409,528	10,206,634
Commercial And Multi Family Real Estate | Substandard
Recorded investment of loan risk ratings by class
Total loans receivables	6,593,378	7,847,755
Commercial Land Acquisition And Development
Recorded investment of loan risk ratings by class
Total loans receivables	32,672,827	37,109,047
Commercial Land Acquisition And Development | Pass
Recorded investment of loan risk ratings by class
Total loans receivables	31,693,551	29,414,135
Commercial Land Acquisition And Development | Special Mention
Recorded investment of loan risk ratings by class
Total loans receivables		2,588,905
Commercial Land Acquisition And Development | Substandard
Recorded investment of loan risk ratings by class
Total loans receivables	979,276	5,067,757
Commercial Land Acquisition And Development | Doubtful
Recorded investment of loan risk ratings by class
Total loans receivables		38,250
Commercial Real Estate Construction Financing Receivable
Recorded investment of loan risk ratings by class
Total loans receivables	75,169,386	46,420,333
Commercial Real Estate Construction Financing Receivable | Pass
Recorded investment of loan risk ratings by class
Total loans receivables	75,158,136	46,381,012
Commercial Real Estate Construction Financing Receivable | Doubtful
Recorded investment of loan risk ratings by class
Total loans receivables	11,250	39,321
Commercial And Industrial
Recorded investment of loan risk ratings by class
Total loans receivables	258,636,133	235,675,073
Less related specific allowance	(41,433)	(135,404)
Commercial And Industrial | Pass
Recorded investment of loan risk ratings by class
Total loans receivables	248,139,435	230,560,753
Commercial And Industrial | Special Mention
Recorded investment of loan risk ratings by class
Total loans receivables	8,842,268	2,618,045
Commercial And Industrial | Substandard
Recorded investment of loan risk ratings by class
Total loans receivables	1,654,430	2,496,275
Consumer And Installment
Recorded investment of loan risk ratings by class
Total loans receivables	1,652,416	4,030,531
Consumer And Installment | Pass
Recorded investment of loan risk ratings by class
Total loans receivables	$ 1,652,416	3,780,601
Consumer And Installment | Special Mention
Recorded investment of loan risk ratings by class
Total loans receivables		235,312
Consumer And Installment | Substandard
Recorded investment of loan risk ratings by class
Total loans receivables		$ 14,618

LOANS RECEIVABLE AND ALLOWANC64

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Details 9) - USD ($)	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Period of repayment performance for restructured loan to be removed from the troubled debt restructuring classification	1 year
Period of repayment performance for restructured loan to return to performing status	6 months
Delinquent period for classification to defaulted loans	90 days
Troubled Debt Restructurings
Unpaid Principal Balance Net of Charge-offs	$ 27,646,835	$ 35,538,275
Recorded Investment	27,815,348	35,751,790
Total Restructured During The Period	3,087,339	6,536,281	$ 9,038,601
Restructured During Preceding Twelve Months and Defaulted During The Period	852,124	1,109,007	3,700,857
Amount of additional funds (undisbursed) committed to borrowers who were included in troubled debt restructured status	4,000	15,000
Gross amount of interest that would have been recognized under the original terms of renegotiated loans	2,000,000	2,400,000
Actual amount of interest income recognized under the restructured terms	852,000	989,000
(Provisions), credit to provisions, for losses related to restructured loans	(779,000)	83,000
Specific reserves related to troubled debt restructurings	550,000	797,000
Single-family residential loans
Troubled Debt Restructurings
Total Restructured During The Period	3,087,339	4,303,445	3,950,779
Restructured During Preceding Twelve Months and Defaulted During The Period	852,124	1,109,007	3,611,561
Commercial Loan
Troubled Debt Restructurings
Total Restructured During The Period		2,232,836	5,086,481
Restructured During Preceding Twelve Months and Defaulted During The Period			89,296
Consumer Loan
Troubled Debt Restructurings
Total Restructured During The Period			$ 1,341
Non Performing Loans
Troubled Debt Restructurings
Unpaid Principal Balance Net of Charge-offs	12,035,555	16,574,348
Recorded Investment	12,118,548	16,698,717
Troubled Debt Restructurings Current Under Restructured Terms
Troubled Debt Restructurings
Unpaid Principal Balance Net of Charge-offs	9,768,545	10,985,340
Recorded Investment	9,838,465	11,068,219
Troubled Debt Restructurings Past Due Under Restructured Terms
Troubled Debt Restructurings
Unpaid Principal Balance Net of Charge-offs	2,267,010	5,589,008
Recorded Investment	2,280,083	5,630,498
Troubled Debt Restructurings Returned To Accrual Status
Troubled Debt Restructurings
Unpaid Principal Balance Net of Charge-offs	15,611,280	18,963,927
Recorded Investment	$ 15,696,800	$ 19,053,073

REAL ESTATE ACQUIRED IN SETTL65

REAL ESTATE ACQUIRED IN SETTLEMENT OF LOANS (Details) - USD ($)	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
REAL ESTATE ACQUIRED IN SETTLEMENT OF LOANS
Real estate acquired in settlement of loans, gross	$ 5,227,363	$ 6,543,683
Less valuation allowance	(76,700)	(741,429)
Total	5,150,663	5,802,254
Activity in the allowance for losses on real estate acquired in settlement of loans
Balance, beginning of year	741,429	1,837,800	$ 4,706,775
Provision (recovery) charged to non-interest expense	224,100	(344,859)	1,770,126
Sale deficiencies charged to valuation allowance at time of sale	(888,829)	(751,512)	(4,639,101)
Balance, end of year	76,700	741,429	$ 1,837,800
Residential Real Estate
REAL ESTATE ACQUIRED IN SETTLEMENT OF LOANS
Real estate acquired in settlement of loans, gross	820,166	3,822,042
Commercial Real Estate
REAL ESTATE ACQUIRED IN SETTLEMENT OF LOANS
Real estate acquired in settlement of loans, gross	$ 4,407,197	$ 2,721,641

PREMISES AND EQUIPMENT (Details

PREMISES AND EQUIPMENT (Details) - USD ($)	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
PREMISES AND EQUIPMENT
Premises and equipment, gross	$ 38,377,603	$ 36,101,743
Less accumulated depreciation	(20,787,838)	(18,842,392)
Premises and equipment, net	17,589,765	17,259,351
Depreciation expense on premises and equipment	2,162,731	2,077,120	$ 1,975,944
Rent expense under operating leases
Rent expense paid	2,000,000	1,800,000	$ 1,400,000
Future minimum rental commitments under non-cancelable leases
Due in year ending September 30, 2016	1,781,976
Due in year ending September 30, 2017	1,492,923
Due in year ending September 30, 2018	1,083,991
Due in year ending September 30, 2019	838,385
Due in year ending September 30, 2020	341,782
Thereafter	268,262
Total	5,807,319
Land
PREMISES AND EQUIPMENT
Premises and equipment, gross	5,578,914	5,578,914
Office buildings and improvements
PREMISES AND EQUIPMENT
Premises and equipment, gross	17,253,597	16,608,242
Furniture and equipment
PREMISES AND EQUIPMENT
Premises and equipment, gross	$ 15,545,092	$ 13,914,587

DEPOSITS (Details)

DEPOSITS (Details) - USD ($)	Sep. 30, 2015	Sep. 30, 2014
Amount, Demand deposits:
Non-interest-bearing checking	$ 203,551,218	$ 189,641,864
Interest-bearing checking	225,966,738	222,156,365
Savings accounts	43,938,003	43,640,231
Money market	228,678,665	203,973,873
Total demand deposits	702,134,624	659,412,333
Amount, certificates of deposit:
Traditional	323,593,352	273,348,932
CDARS	82,106,105	44,793,676
Brokered	29,970,657	44,098,163
Total certificates of deposit	435,670,114	362,240,771
Total deposits	$ 1,137,804,738	$ 1,021,653,104
Weighted Average Interest Rate, Demand deposits:
Interest-bearing checking (as a percent)	0.11%	0.10%
Savings accounts (as a percent)	0.12%	0.13%
Money market (as a percent)	0.31%	0.29%
Total demand deposits (as a percent)	0.14%	0.13%
Weighted Average Interest Rate, certificates of deposit:
Traditional (as a percent)	0.88%	0.66%
CDARS (as a percent)	0.50%	0.31%
Brokered (as a percent)	0.59%	0.39%
Certificates of deposit (as a percent)	0.79%	0.59%
Total deposits (as a percent)	0.39%	0.29%
Certificates of deposit, additional disclosure
Certificates of deposit with a minimum principal amount of $100,000	$ 281,500,000	$ 216,000,000
Letters of Credit
Weighted Average Interest Rate, certificates of deposit:
Total letters of credit issued	49,000,000	$ 46,300,000
Maximum
Weighted Average Interest Rate, certificates of deposit:
FDIC insurance	$ 50,000,000

DEPOSITS (Details 2)

DEPOSITS (Details 2) - USD ($)	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Maturing within: three months ending
December 31, 2015	$ 79,649,784
March 31, 2016	93,962,983
June 30, 2016	85,894,739
September 30, 2016	57,073,278
Maturing within: year ending September 30:
2,017	83,273,304
2,018	31,115,292
2,019	3,753,016
2,020	947,718
Total certificates of deposit	435,670,114	$ 362,240,771
Interest expense on deposits
Interest-bearing checking	316,645	405,664	$ 476,217
Savings	64,427	70,125	69,725
Money market	754,453	662,300	516,768
Certificates of deposit	3,032,352	2,376,311	3,902,473
Interest Expense, Deposits, Total	$ 4,167,877	$ 3,514,400	$ 4,965,183

BORROWED MONEY (Details)

BORROWED MONEY (Details)	1 Months Ended	12 Months Ended
	Jan. 31, 2014USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)
Maturing within the year ending September 30, Amount
2,015			$ 163,900,000
2,016		$ 166,500,000
Thereafter		4,000,000
Thereafter			4,000,000
Total FHLB advances		170,500,000	167,900,000
Retail repurchase agreements		41,103,652	33,790,082
Term loan		8,250,000	9,250,000
Total borrowed money		$ 219,853,652	$ 210,940,082
Maturing within the year ending September 30, Weighted Average Interest Rate
2015 (as a percent)			0.62%
2016 (as a percent)		0.28%
Thereafter (as a percent)		5.48%	5.48%
Term loan (as a percent)		2.70%	2.66%
Total FHLB advances (as a percent)		0.40%	0.74%
Retail repurchase agreement (as a percent)		0.17%	0.10%
Total amount borrowed (as a percent)		0.44%	0.72%
Additional disclosure of advances from the Federal Home Loan Bank
Debt and mortgage-backed securities in U.S. Treasury, pledged to secure retail repurchase agreements		$ 44,900,000	$ 35,200,000
Average balances of amount borrowed		124,000,000	107,900,000
Maximum month-end balances		$ 242,600,000	$ 224,100,000
Average rates paid during the years (as a percent)		0.79%	1.13%
Borrowed money
Amount of preferred stock repurchased from private investors	$ 10,000,000
Tier 1 capital to risk-weighted assets (as a percent)		10.74%
Loan Agreement With First Bank
Borrowed money
Variable rate basis	LIBOR
Interest rate added to variable rate basis (as a percent)	2.50%
Principal payments
2,016		$ 1,375,000
2,017		1,500,000
2,018		1,500,000
2,019		1,687,500
2,020		1,750,000
Thereafter		437,500
Total		$ 8,250,000
Loan Agreement With First Bank | Minimum
Borrowed money
Tier 1 capital to risk-weighted assets (as a percent)		8.00%
Loan Agreement With First Bank | Maximum
Borrowed money
Adversely classified assets to Tier 1 capital plus loan loss reserves		50
Secured Debt. | Loan Agreement With First Bank
Borrowed money
Maximum borrowing capacity	$ 10,000,000
Revolving Credit Facility | Loan Agreement With First Bank
Borrowed money
Maximum borrowing capacity	$ 2,000,000
Amount outstanding under facility		$ 0	$ 0

BORROWED MONEY (Details 2)

BORROWED MONEY (Details 2) - USD ($)	Sep. 30, 2015	Sep. 30, 2014
BORROWINGS FROM THE FEDERAL RESERVE BANK
Ability to borrow funds equal to percentage of total assets	35.00%
FHLB advances outstanding	$ 170,500,000	$ 167,900,000
Additional borrowing capacity available under the arrangement	111,000,000
Federal Reserve Bank Advances
BORROWINGS FROM THE FEDERAL RESERVE BANK
Additional borrowing capacity available under the arrangement	157,500,000
Federal Reserve Bank Advances | Commercial Loan
BORROWINGS FROM THE FEDERAL RESERVE BANK
Loans assigned as collateral	212,400,000
Outstanding borrowings	$ 0

SUBORDINATED DEBENTURES (Detail

SUBORDINATED DEBENTURES (Details) - USD ($)	1 Months Ended		12 Months Ended
	Dec. 31, 2004	Mar. 31, 2004	Sep. 30, 2015	Dec. 15, 2004	Mar. 30, 2004
Pulaski Financial Statutory Trust I
SUBORDINATED DEBENTURES
Interest rate on capital securities (as a percent)			3.03%
Basis to determine variable interest rate on capital securities			three-month LIBOR
Margin over variable rate basis on capital securities (as a percent)			2.70%
Variable Interest Entity Not Primary Beneficiary | Pulaski Financial Statutory Trust I
SUBORDINATED DEBENTURES
Proceeds from issuance of adjustable-rate preferred securities		$ 9,000,000
Company's capital contribution for Trust's common securities		$ 279,000
Variable Interest Entity Not Primary Beneficiary | Pulaski Financial Statutory Trust I | Junior Subordinated Debt | Parent Company
SUBORDINATED DEBENTURES
Aggregate principal amount					$ 9,300,000
Variable Interest Entity Not Primary Beneficiary | Pulaski Financial Statutory Trust II
SUBORDINATED DEBENTURES
Proceeds from issuance of adjustable-rate preferred securities	$ 10,000,000
Company's capital contribution for Trust's common securities	$ 310,000
Interest rate on debentures (as a percent)			2.20%
Basis to determine variable interest rate on capital securities			three-month LIBOR
Margin over variable rate basis on capital securities (as a percent)			1.86%
Variable Interest Entity Not Primary Beneficiary | Pulaski Financial Statutory Trust II | Junior Subordinated Debt | Parent Company
SUBORDINATED DEBENTURES
Aggregate principal amount				$ 10,300,000

LIABILITY FOR LOANS SOLD (Detai

LIABILITY FOR LOANS SOLD (Details) - USD ($)	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Changes in the liability for loans sold
Balance at beginning of period	$ 1,440,641	$ 1,353,095
Provisions charged to expense	680,941	350,263
Losses incurred to resolve demands	(491,936)	(262,717)
Balance at end of period	$ 1,629,646	1,440,641
Obligation To Repurchase Receivables Sold
Liability for loans sold
Borrower default period for repurchase mortgage loans sold	90 days
Notice period for breaches of contractual representations or warranties made at the time of sale of loans	90 days
Period within which borrower pays off the loan after origination	120 days
Principal balance of loans sold	$ 565,000,000	258,000,000
Principal balance of mortgage loan repurchase demands on loans previously sold
Received during period	10,004,000	12,953,000
Resolved during period	12,303,000	11,806,000
Unresolved at end of period	4,486,000	6,785,000
Changes in the liability for loans sold
Losses Charged to Liability for Loans Sold	491,936	262,717
Obligation To Repurchase Receivables Sold | Resolved By Providing Additional Documentation With No Further Action Required
Principal balance of mortgage loan repurchase demands on loans previously sold
Resolved during period	9,473,000	9,877,000
Obligation To Repurchase Receivables Sold | Resolved By Repurchasing Loans Previously Sold To Investors
Principal balance of mortgage loan repurchase demands on loans previously sold
Resolved during period	2,693,000	1,777,000
Changes in the liability for loans sold
Losses Charged to Liability for Loans Sold	178,659	28,273
Obligation To Repurchase Receivables Sold | Resolved By Payments To Reimburse Investors For Losses Incurred
Principal balance of mortgage loan repurchase demands on loans previously sold
Resolved during period	137,000	152,000
Changes in the liability for loans sold
Losses Charged to Liability for Loans Sold	125,946	55,620
Obligation To Repurchase Receivables Sold | Payments Due Upon Early Payoff Of Loans Previously Sold
Changes in the liability for loans sold
Losses Charged to Liability for Loans Sold	$ 187,331	$ 178,824

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	3 Months Ended								12 Months Ended
	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
INCOME TAXES
Deferred tax assets, net	$ 8,391,617				$ 8,998,844				$ 8,391,617	$ 8,998,844
Current expense:
Federal									5,486,625	2,918,682	$ 3,075,524
State									871,800	742,100	624,000
Deferred expense									589,199	1,571,801	1,097,072
Income Tax Expense (Benefit), Total	1,581,931	$ 2,254,560	$ 1,506,561	$ 1,604,572	1,531,979	$ 1,381,966	$ 1,074,428	$ 1,244,210	6,947,624	5,232,583	4,796,596
Income tax expense differs from that computed at the federal statutory rate, Amount
Tax at statutory federal income tax rate									7,376,275	5,693,081	5,111,979
Non-taxable income from bank-owned life insurance									(315,458)	(323,014)	(316,112)
Non-taxable interest and dividends									(337,667)	(281,570)	(454,939)
State taxes, net of federal benefit									575,154	480,473	405,600
Other, net									(350,680)	(336,387)	50,068
Income Tax Expense (Benefit), Total	$ 1,581,931	$ 2,254,560	$ 1,506,561	$ 1,604,572	$ 1,531,979	$ 1,381,966	$ 1,074,428	$ 1,244,210	$ 6,947,624	$ 5,232,583	$ 4,796,596
Income tax expense differs from that computed at the federal statutory rate, %
Tax at statutory federal income tax rate (as a percent)									35.00%	35.00%	35.00%
Non-taxable income from bank-owned life insurance (as a percent)									(1.50%)	(2.00%)	(2.20%)
Non-taxable interest and dividends (as a percent)									(1.60%)	(1.70%)	(3.10%)
State taxes, net of federal benefit (as a percent)									2.70%	3.00%	2.80%
Other, net (as a percent)									(1.70%)	(2.10%)	0.30%
Total (as a percent)									32.90%	32.20%	32.80%

INCOME TAXES (Details 2)

INCOME TAXES (Details 2) - USD ($)	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Deferred tax assets:
Allowance for loan losses			$ 6,754,648	$ 6,923,146
Stock-based compensation			494,663	602,588
Non-accrual interest			82,232	230,678
Deferred compensation			1,395,101	1,348,097
Equity investments			83,224	149,530
Unrealized losses on securities available for sale				16,064
Capital loss carryforwards			144,082	144,082
Other				314,943
Gross deferred tax assets			8,953,950	9,729,128
Less: Valuation allowance	$ 144,082	$ 144,082	177,289	144,082
Deferred tax assets, net of valuation allowance			8,776,661	9,585,046
Deferred tax liabilities:
FHLB stock dividends			152,311	152,311
Premises and equipment			216,941	417,730
Unrealized gains on securities available for sale			1,964
Other			13,828	16,161
Gross deferred tax liabilities			385,044	586,202
Net deferred tax assets			$ 8,391,617	$ 8,998,844
Deferred tax valuation allowance:
Balance, beginning of year	144,082
Increase in deferred tax asset valuation allowance charged to provision for income taxes	33,207	144,082
Balance, end of year	$ 177,289	$ 144,082

INCOME TAXES (Details 3)

INCOME TAXES (Details 3)	12 Months Ended
	Sep. 30, 2015USD ($)
INCOME TAXES
Unrecognized tax benefits	$ 138,000
Unrecognized tax benefits affecting effective tax rate if recognized	129,000
Accrued payment of interest and penalties	9,000
Aggregate changes in the balance of gross unrecognized tax benefits, which excludes interest and penalties
Balance at beginning of the period	129,000
Increases related to tax positions taken during the current period	32,000
Decreases related to the expiration of the statute of limitations	(32,000)
Balance at end of the period	129,000
Tax bad debt deductions, net of actual bad debts and bad debt recoveries	4,100,000
Provision for federal income taxes	$ 0

PREFERRED STOCK (Details)

PREFERRED STOCK (Details) - USD ($)	Jan. 16, 2009	Jun. 30, 2014	Jun. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2013	Jul. 31, 2014
Stockholders' equity
Issuance of fixed rate cumulative perpetual preferred stock (in shares)					604,542	13,653
Common stock, shares issued (in shares)		68,818	68,818	13,082,087	13,082,087			604,542
Repurchased from private investors in liquidation value		$ 735,000					$ 15,200,000
Term of warrant	10 years
Exercise price of warrants (in dollars per share)	$ 6.27
Proceeds from issuance of preferred stock and of warrants	$ 32,500,000
Proceeds allocated to the Warrant	$ 2,200,000
Repurchased of preferred shares, net			$ 10,000,000		$ 10,000,000	$ 7,951,199	14,600,000
Repurchased of common stock warrant							$ 1,100,000
Equity Stake held by U.S. Treasury				0
Outstanding preferred stock								$ 6,700,000
Payment for redemption of Preferred Stock								$ 6,700,000
Maximum
Stockholders' equity
Warrant to purchase the shares of common stock (in shares)	778,421
Parent Company
Stockholders' equity
Repurchased of preferred shares, net					10,000,000	$ 7,951,199
Warrants Not Settleable In Cash [Member]
Stockholders' equity
Risk-free interest rate (as a percent)	4.30%
Expected volatility (as a percent)	35.53%
Dividend yield (as a percent)	4.27%
Preferred Stock, Net of Discount
Stockholders' equity
Issuance of fixed rate cumulative perpetual preferred stock (in shares)	32,538
Preferred stock, liquidation preference (in dollars per share)	$ 1,000
Risk-adjusted rate of return (as a percent)	12.00%
Preferred stock discount amortization period	5 years
Repurchased from private investors in liquidation value					$ 17,300,000
Preferred Stock, Net of Discount | Period One
Stockholders' equity
Annual preferred stock dividend rate (as a percent)				5.00%
Period over which cumulative Preferred Stock dividends are paid at 5% per year				5 years
Preferred Stock, Net of Discount | Period Two
Stockholders' equity
Annual preferred stock dividend rate (as a percent)				9.00%

REGULATORY CAPITAL REQUIREMEN77

REGULATORY CAPITAL REQUIREMENTS (Details) $ in Thousands	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)
Total risk-based capital (to risk- weighted assets)
Actual Amount	$ 152,450
Actual Ratio (as a percent)	11.99%
Capital Adequacy Purposes Amount	$ 101,700
Capital Adequacy Purposes Ratio (as a percent)	8.00%
Well Capitalized Amount	$ 127,126
Well Capitalized Ratio (as a percent)	10.00%
Tier I risk-based capital (to risk- weighted assets)
Actual Amount	$ 136,556
Actual Ratio (as a percent)	10.74%
Capital adequacy purposes amount	$ 76,275
Capital adequacy purposes ratio (as a percent)	6.00%
Well Capitalized Amount	$ 101,700
Well Capitalized Ratio (as a percent)	8.00%
Tier I leverage capital (to average assets)
Actual Amount	$ 136,556
Actual Ratio (as a percent)	9.47%
Capital Adequacy Purposes Amount	$ 57,674
Capital Adequacy Purposes Ratio (as a percent)	4.00%
Well Capitalized Amount	$ 72,092
Well Capitalized Ratio (as a percent)	5.00%
Risk-based capital and leverage ratios
Actual Ratio (as a percent)	10.74%
Actual Ratio (as a percent)	11.99%
Capital adequacy purposes ratio (as a percent)	6.00%
Capital Adequacy Purposes Ratio (as a percent)	8.00%
Capital Adequacy Purposes Ratio (as a percent)	4.00%
Reconciliation of the Tier I stockholders' equity and regulatory risk-based capital
Total risk-based capital	$ 152,450
Expected
Total risk-based capital (to risk- weighted assets)
Actual Ratio (as a percent)	10.50%
Tier I risk-based capital (to risk- weighted assets)
Actual Ratio (as a percent)	8.50%
Risk-based capital and leverage ratios
Yearly increase in risk-based capital ratios (as a percent)	0.625
Actual Ratio (as a percent)	8.50%
Actual Ratio (as a percent)	10.50%
Common Stock
Tier I risk-based capital (to risk- weighted assets)
Actual Amount	$ 117,556
Actual Ratio (as a percent)	9.25%
Capital adequacy purposes amount	$ 57,206
Capital adequacy purposes ratio (as a percent)	4.50%
Well Capitalized Amount	$ 82,632
Well Capitalized Ratio (as a percent)	6.50%
Risk-based capital and leverage ratios
Actual Ratio (as a percent)	9.25%
Capital adequacy purposes ratio (as a percent)	4.50%
Common Stock | Expected | Minimum
Tier I risk-based capital (to risk- weighted assets)
Actual Ratio (as a percent)	7.00%
Risk-based capital and leverage ratios
Actual Ratio (as a percent)	7.00%
Subsidiaries [Member]
Tangible capital (to total assets)
Actual Amount		$ 133,356
Actual Ratio (as a percent)		9.70%
Capital Adequacy Purposes Amount		$ 20,631
Capital Adequacy Purposes Ratio (as a percent)		1.50%
Total risk-based capital (to risk- weighted assets)
Actual Amount	$ 157,593	$ 147,048
Actual Ratio (as a percent)	12.41%	13.46%
Capital Adequacy Purposes Amount	$ 101,613	$ 87,415
Capital Adequacy Purposes Ratio (as a percent)	8.00%	8.00%
Well Capitalized Amount	$ 127,017	$ 109,269
Well Capitalized Ratio (as a percent)	10.00%	10.00%
Tier I risk-based capital (to risk- weighted assets)
Actual Amount	$ 141,712	$ 133,356
Actual Ratio (as a percent)	11.16%	12.20%
Capital adequacy purposes amount	$ 76,210
Capital adequacy purposes ratio (as a percent)	6.00%
Well Capitalized Amount	$ 101,613	$ 65,561
Well Capitalized Ratio (as a percent)	8.00%	6.00%
Tier I leverage capital (to average assets)
Actual Amount	$ 141,712	$ 133,356
Actual Ratio (as a percent)	9.83%	9.70%
Capital Adequacy Purposes Amount	$ 57,640	$ 55,016
Capital Adequacy Purposes Ratio (as a percent)	4.00%	4.00%
Well Capitalized Amount	$ 72,051	$ 68,770
Well Capitalized Ratio (as a percent)	5.00%	5.00%
Risk-based capital and leverage ratios
Actual Ratio (as a percent)	11.16%	12.20%
Actual Ratio (as a percent)	12.41%	13.46%
Capital adequacy purposes ratio (as a percent)	6.00%
Capital Adequacy Purposes Ratio (as a percent)	8.00%	8.00%
Capital Adequacy Purposes Ratio (as a percent)	4.00%	4.00%
Reconciliation of the Tier I stockholders' equity and regulatory risk-based capital
Tangible capital		$ 133,356
Total risk-based capital	$ 157,593	$ 147,048
Subsidiaries [Member] | Common Stock
Total risk-based capital (to risk- weighted assets)
Well Capitalized Amount	$ 82,561
Well Capitalized Ratio (as a percent)	6.50%
Tier I risk-based capital (to risk- weighted assets)
Actual Amount	$ 141,712
Actual Ratio (as a percent)	11.16%
Capital adequacy purposes amount	$ 57,158
Capital adequacy purposes ratio (as a percent)	4.50%
Risk-based capital and leverage ratios
Actual Ratio (as a percent)	11.16%
Capital adequacy purposes ratio (as a percent)	4.50%

EMPLOYEE BENEFITS (Details)

EMPLOYEE BENEFITS (Details)	12 Months Ended
	Sep. 30, 2015USD ($)$ / sharesshares	Sep. 30, 2014USD ($)$ / sharesshares	Sep. 30, 2013USD ($)item$ / sharesshares	Sep. 30, 2012$ / sharesshares
Summary of stock option program activity
Exercised (in shares)	(44,400)	(21,900)	(23,400)
Restricted Stock
Summary of restricted stock award activity
Nonvested at beginning of year (in shares)	157,479	269,530	365,170
Granted (in shares)	10,489	30,596	42,221
Vested (in shares)	(135,054)	(39,868)	(137,861)
Forfeited (in shares)	(1,368)	(102,779)
Nonvested at end of year (in shares)	31,546	157,479	269,530	365,170
Restricted Stock Awards, Weighted Average Grant-Date Fair Value
Nonvested at beginning of year (in dollars per share) | $ / shares	$ 7.80	$ 7.31	$ 7.13
Granted (in dollars per share) | $ / shares	12.21	10.23	8.72
Vested (in dollars per share) | $ / shares	7.50	7.61	7.27
Forfeited (in dollars per share) | $ / shares	9.75	7.32
Nonvested at end of year (in dollars per share) | $ / shares	$ 10.46	$ 7.80	$ 7.31	$ 7.13
Restricted Stock | Minimum
EMPLOYEE BENEFITS
Vesting period	2 years
Restricted Stock | Maximum
EMPLOYEE BENEFITS
Vesting period	5 years
Restricted Stock | Performance Shares | Executive Officer
Summary of restricted stock award activity
Granted (in shares)			15,000
Restricted stock awards
Number of executive officers to whom awards are granted | item			1
Percentage of shares received required to be held				33.33%
Period from the date of date of vesting during which awards received are required to be held				5 years
Restricted Stock | Performance Shares | Date Of Filing Of Annual Report Ending September 2013 | Executive Officer
Restricted stock awards
Percentage of restricted stock which will vest			33.33%
Restricted Stock | Performance Shares | Date Of Filing Of Annual Report Ending September 2014 | Executive Officer
Restricted stock awards
Percentage of restricted stock which will vest			66.67%
Stock Options
Summary of stock option program activity
Outstanding at beginning of year (in shares)	552,160	604,586	629,936
Granted (in shares)	0	0	17,500
Exercised (in shares)	(44,400)	(21,900)	(23,400)
Expired (in shares)	(62,616)	(9,875)
Forfeited (in shares)	(1,000)	(20,651)	(19,450)
Outstanding at end of year (in shares)	444,144	552,160	604,586	629,936
Exercisable at end of year (in shares)	438,311	540,494	586,386
Stock Option Program, Weighted Average Exercise Price
Outstanding at beginning of year (in dollars per share) | $ / shares	$ 11.28	$ 11.26	$ 11.20
Granted (in dollars per share) | $ / shares			8.39
Exercised (in dollars per share) | $ / shares	9.93	8.82	8.99
Expired (in dollars per share) | $ / shares	13.19	12.69
Forfeited (in dollars per share) | $ / shares	17.10	12.57	9.53
Outstanding at end of year (in dollars per share) | $ / shares	11.13	11.28	11.26	$ 11.20
Exercisable at end of year (in dollars per share) | $ / shares	$ 11.17	$ 11.34	11.35
Stock Option Program, Aggregate Intrinsic Value
Outstanding at end of year (in dollars) | $	$ 1,275,968
Exercisable at end of year (in dollars) | $	$ 1,245,869
Stock Option Program, Weighted Average Remaining Contractual Life
Outstanding at end of year	2 years 6 months
Exercisable at end of year	2 years 6 months
Stock option program
Weighted-average fair value per share of options granted (in dollars per share) | $ / shares			$ 2.12
Cash received from stock options exercised | $	$ 441,000	$ 193,000	$ 210,000
Total intrinsic value of stock options exercised | $	$ 80,000	$ 54,000	$ 17,000
Stock Options | Minimum
EMPLOYEE BENEFITS
Vesting period	3 years
Stock Options | Maximum
EMPLOYEE BENEFITS
Vesting period	5 years
Expiration period	10 years
Stock Based Incentive Plans
EMPLOYEE BENEFITS
Reserved but unissued shares that can be awarded in the form of stock options or restricted share awards	527,443

EMPLOYEE BENEFITS (Details 2)

EMPLOYEE BENEFITS (Details 2)	Dec. 10, 2014itemshares	Sep. 30, 2015USD ($)$ / sharesshares	Sep. 30, 2014USD ($)$ / sharesshares	Sep. 30, 2013USD ($)$ / sharesshares	Sep. 30, 2012shares
EMPLOYEE BENEFITS
Unrecognized compensation expense, nonvested stock options | $		$ 1,000
Unrecognized compensation expense, restricted stock awards | $		231,000
Unrecognized compensation expense, nonvested common share units | $		$ 590,000
Average assumptions used for estimated fair value of stock options using Black-Scholes option pricing model
Risk-free interest rate (as a percent)				0.85%
Expected volatility (as a percent)				44.36%
Expected life in years				6 years
Dividend yield (as a percent)				5.02%
Expected forfeiture rate (as a percent)				5.30%
Equity Trust Plan
Treasury stock, shares (in shares) | shares		1,259,395	1,399,240
Aggregate value of treasury shares | $		$ 11,981,018	$ 12,657,442
Total expense | $		$ 888,598	$ (7,669)	$ 1,222,419
Earnings per share, Basic (in dollars per share) | $ / shares		$ 0.05		$ 0.07
Earnings per share, Diluted (in dollars per share) | $ / shares		$ 0.05		$ 0.07
Equity Trust Plan | Key Loan Officers And Sales Staff | Deferred Compensation Share Based Payments
Equity Trust Plan
Shares purchased for award | shares			0	50,600
Average price of shares purchased (in dollars per share) | $ / shares				$ 10.17
Distribution of shares to participants | shares		200,545	803
Additional aggregate market value of shares distributed | $		$ 181,000
Aggregate market value of shares distributed | $		$ 2,600,000	$ 9,000
Treasury stock, shares (in shares) | shares		95,819
Aggregate value of treasury shares | $		$ 863,000
Shares not yet vested | shares		2,650
Stock Options
EMPLOYEE BENEFITS
Weighted-average period for unrecognized compensation expenses expected to be recognized		2 months 12 days
Exercisable at end of year (in dollars per share) | $ / shares		$ 11.17	$ 11.34	$ 11.35
Stock Options | Minimum
Equity Trust Plan
Vesting period		3 years
Stock Options | Maximum
Equity Trust Plan
Vesting period		5 years
Restricted Stock
EMPLOYEE BENEFITS
Forfeitures of non-vested restricted stock awards | $		$ 3,000	$ 549,000	$ 0
Weighted-average period for unrecognized compensation expenses expected to be recognized		2 years 4 months 24 days
Granted (in shares) | shares		10,489	30,596	42,221
Equity Trust Plan
Distribution of shares to participants | shares		135,054	39,868	137,861
Shares not yet vested | shares		31,546	157,479	269,530	365,170
Restricted Stock | Minimum
Equity Trust Plan
Vesting period		2 years
Restricted Stock | Maximum
Equity Trust Plan
Vesting period		5 years
Common Share Units
EMPLOYEE BENEFITS
Weighted-average period for unrecognized compensation expenses expected to be recognized		1 year 7 months 6 days
Equity Trust Plan
Vesting period		3 years
Common Share Units | Executive Officer
EMPLOYEE BENEFITS
Granted (in shares) | shares	105,000
Vesting (as a percent)	0.33%
Maximum percentage of common share units	150.00%
Number Of Executive Officers | item	8
Common Share Units | Share-based Compensation Award, Tranche One
Equity Trust Plan
Vesting period	1 year
Common Share Units | Share-based Compensation Award, Tranche Two
Equity Trust Plan
Vesting period	2 years
Common Share Units | Share-based Compensation Award, Tranche Three
Equity Trust Plan
Vesting period	3 years
Participant Contributions | Equity Trust Plan | Key Loan Officers And Sales Staff | Minimum
Equity Trust Plan
Vesting period		2 years
Participant Contributions | Equity Trust Plan | Key Loan Officers And Sales Staff | Maximum
Equity Trust Plan
Vesting period		5 years
Company Contributions | Equity Trust Plan | Key Loan Officers And Sales Staff | Minimum
Equity Trust Plan
Vesting period		3 years
Company Contributions | Equity Trust Plan | Key Loan Officers And Sales Staff | Maximum
Equity Trust Plan
Vesting period		5 years

EMPLOYEE BENEFITS (Details 3)

EMPLOYEE BENEFITS (Details 3) - USD ($)	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Defined Contribution Plan
Maximum contributions from participants	$ 18,000
KSOP
Defined Contribution Plan
Minimum term of employment required for participation	6 months
Minimum employee age requirement for participation	21 years
Employer matching contribution, percentage of employee contribution	50.00%	50.00%	50.00%
Maximum employer matching contribution as a percentage of gross pay (as a percent)	5.00%	5.00%	5.00%
Maximum matching contribution as a percentage of participant's salary	75.00%
Required age of employee before the end of the year for "catch-up" contributions	50 years
Maximum contributions from participants who attained age 50 before the end of the year	$ 6,000
Employer contributions vesting percentage per year	25.00%
Employer contributions maximum service period of vesting	4 years
Employer's contributions to the plan	$ 435,000	$ 313,000	$ 358,000

EMPLOYEE BENEFITS (Details 4)

EMPLOYEE BENEFITS (Details 4) - Employment Contracts - Chief Executive Officer	12 Months Ended
	Sep. 30, 2015item
Employment Agreement
Initial term of agreement	2 years
Period of continued medical coverage if employment is terminated	24 months
Multiplier used to determine lump-sum payment in the event of a change in control and subsequent termination of employment	2
Period that soliciting services of any of the Company's employees and from competing with the Company are prohibited	2 years

COMMITMENTS AND CONTINGENCIES82

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Sep. 30, 2014
Loan Origination Commitments | Single-family residential loans
COMMITMENTS AND CONTINGENCIES
Notional amount of commitments	$ 164,987	$ 71,067
Loan Origination Commitments | Commercial Real Estate
COMMITMENTS AND CONTINGENCIES
Notional amount of commitments	4,782	3,635
Loan Origination Commitments | Non Mortgage Loans
COMMITMENTS AND CONTINGENCIES
Notional amount of commitments	10,144	4,000
Loan Origination Commitments | Consumer Loan
COMMITMENTS AND CONTINGENCIES
Notional amount of commitments	2,000
Unused Lines Of Credit | Single-family residential loans
COMMITMENTS AND CONTINGENCIES
Notional amount of commitments	45,016	51,929
Unused Lines Of Credit | Commercial Real Estate
COMMITMENTS AND CONTINGENCIES
Notional amount of commitments	173,771	156,836
Unused Lines Of Credit | Consumer Loan
COMMITMENTS AND CONTINGENCIES
Notional amount of commitments	$ 127	$ 33

DERIVATIVE FINANCIAL INSTRUME83

DERIVATIVE FINANCIAL INSTRUMENTS (Details) $ in Millions	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Sep. 30, 2008USD ($)contract
Interest Rate Swap
DERIVATIVE FINANCIAL INSTRUMENTS
Number of interest rate swaps contracts entered into by the entity | contract			2
Notional value of interest rate swap contracts			$ 28
Value of variable-rate commercial loan relationship supported by derivative contracts			14
Interest Rate Swap One
DERIVATIVE FINANCIAL INSTRUMENTS
Notional value of interest rate swap contracts			14
Derivative fixed interest rate (as a percent)	6.58%
Derivative basis spread on variable rate (as a percent)	2.30%
Interest Rate Swap Two
DERIVATIVE FINANCIAL INSTRUMENTS
Notional value of interest rate swap contracts			$ 14
Derivative fixed interest rate (as a percent)	6.58%
Derivative basis spread on variable rate (as a percent)	2.30%
Interest Rate Lock Commitments
DERIVATIVE FINANCIAL INSTRUMENTS
Notional amount	$ 204.4	$ 73.6
Forward Sales Commitments
DERIVATIVE FINANCIAL INSTRUMENTS
Notional amount	$ 311.3	$ 120.1

DERIVATIVE FINANCIAL INSTRUME84

DERIVATIVE FINANCIAL INSTRUMENTS (Details 2) - Nondesignated - Interest Rate Swap - USD ($)	Sep. 30, 2015	Sep. 30, 2014
Fair values of the contracts
Fair value recorded in other assets	$ 2,267,000	$ 331,000
Fair value recorded in other liabilities	$ 4,188,000	$ 331,000

DERIVATIVE FINANCIAL INSTRUME85

DERIVATIVE FINANCIAL INSTRUMENTS (Details 3) - USD ($)	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Gross gains and losses on contracts recorded in non-interest expense in consolidated statement of income and comprehensive income
Gross gains	$ (924,000)
Derivative Financial Instruments Assets [Member]
Gross gains and losses on contracts recorded in non-interest expense in consolidated statement of income and comprehensive income
Gross gains	11,500,600	$ 512,000
Derivative Financial Instruments Liabilities [Member]
Gross gains and losses on contracts recorded in non-interest expense in consolidated statement of income and comprehensive income
Gross gains	$ (12,424,600)	(512,000)
Interest Rate Swap
Gross gains and losses on contracts recorded in non-interest expense in consolidated statement of income and comprehensive income
Cash pledged to secure derivative contract obligations		$ 1,800,000

FINANCIAL INSTRUMENTS WITH OF86

FINANCIAL INSTRUMENTS WITH OFF-BALANCE-SHEET RISK AND CONCENTRATIONS OF CREDIT RISK (Details)	Sep. 30, 2015USD ($)letter	Sep. 30, 2014USD ($)letter
FINANCIAL INSTRUMENTS WITH OFF-BALANCE-SHEET RISK
Loans receivable held for sale	$ 112,651,387	$ 58,139,427
Standby Letters Of Credit
FINANCIAL INSTRUMENTS WITH OFF-BALANCE-SHEET RISK
Number of letters of credit outstanding | letter	43	42
Letters of credit outstanding	$ 6,700,000	$ 3,100,000
Loan Origination Commitments
FINANCIAL INSTRUMENTS WITH OFF-BALANCE-SHEET RISK
Financial instruments	181,900,000	167,000,000
Loans committed to be sold	153,800,000	120,100,000
Unused Lines Of Credit | Home Equity Lines of Credit
FINANCIAL INSTRUMENTS WITH OFF-BALANCE-SHEET RISK
Financial instruments	45,000,000	51,900,000
Unused Lines Of Credit | Commercial Portfolio Segment
FINANCIAL INSTRUMENTS WITH OFF-BALANCE-SHEET RISK
Financial instruments	$ 173,800,000	$ 156,800,000

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details) - USD ($)	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Real Estate Acquired in Settlement of Loans
Charge-offs to allowance for loan losses at the time of foreclosure	$ 276,000	$ 310,000
Charge-offs to allowance for loan losses at the time of foreclosure as a percentage of principal balance	5.00%	6.00%
Impairment losses related to goodwill	$ 0	$ 0	$ 0
Single-family residential loans | Minimum
Real Estate Acquired in Settlement of Loans
Period of borrower's delinquency for inspection	45 days
Single-family residential loans | Maximum
Real Estate Acquired in Settlement of Loans
Period of borrower's delinquency for inspection	60 days

FAIR VALUE MEASUREMENTS (Deta88

FAIR VALUE MEASUREMENTS (Details 2) - Fair Value Measurements Recurring - USD ($) $ in Thousands	Sep. 30, 2015	Sep. 30, 2014
Assets:
Debt and mortgage-backed securities available for sale	$ 5,327	$ 13,080
Loans held for sale	112,651
Derivative financial assets	2,267	331
Total assets	120,245	13,411
Liabilities:
Derivative financial liabilities	4,188	331
Total liabilities	4,188	331
Fair Value Inputs Level 2
Assets:
Debt and mortgage-backed securities available for sale	5,327	13,080
Loans held for sale	112,651
Derivative financial assets	2,267	331
Total assets	120,245	13,411
Liabilities:
Derivative financial liabilities	4,188	331
Total liabilities	$ 4,188	$ 331

FAIR VALUE MEASUREMENTS (Deta89

FAIR VALUE MEASUREMENTS (Details 3) - USD ($)	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Assets:
Real estate acquired in settlement of loans	$ 5,150,663	$ 5,802,254
Amount of transfers between levels within the fair value hierarchy	0	0
Fair Value Measurements Nonrecurring
Assets:
Impaired loans, net	2,290,000	3,742,000
Real estate acquired in settlement of loans	5,151,000	5,802,000
Total assets	7,441,000	9,544,000
Fair Value Measurements Nonrecurring | Fair Value Inputs Level 3
Assets:
Impaired loans, net	2,290,000	3,742,000
Real estate acquired in settlement of loans	5,151,000	5,802,000
Total assets	7,441,000	9,544,000
Fair Value Measurements Nonrecurring | Change During Period Fair Value Disclosure
Assets:
Impaired loans, net	2,323,000	3,501,000
Real estate acquired in settlement of loans	226,000	(276,000)
Total assets	$ 2,549,000	$ 3,225,000

DISCLOSURES ABOUT FAIR VALUE 90

DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) - USD ($)	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
ASSETS:
Cash and cash equivalents	$ 79,783,726	$ 81,549,093	$ 86,308,578	$ 62,334,922
Debt and mortgage-backed securities - HTM	42,319,807	28,496,302
Accrued interest receivable	3,151,019	2,969,854
LIABILITIES:
Borrowed money	170,500,000	167,900,000
Accrued interest payable	488,647	354,524
Carrying Value
ASSETS:
Cash and cash equivalents	79,784,000	81,549,000
Debt and mortgage-backed securities - AFS	5,327,000	13,080,000
Capital stock of Federal Home Loan Bank and Federal Reserve Bank	11,156,000	8,268,000
Debt and mortgage-backed securities - HTM	42,201,000	28,352,000
Loans held for sale	112,651,000	58,139,000
Loans receivable	1,188,369,000	1,110,861,000
Accrued interest receivable	3,151,000	2,970,000
Derivative financial assets	2,267,000	331,000
LIABILITIES:
Borrowed money	219,854,000	210,940,000
Subordinated debentures	19,589,000	19,589,000
Accrued interest payable	489,000	355,000
Derivative Liability	4,188,000	331,000
Demand Deposits | Carrying Value
LIABILITIES:
Deposit transaction accounts	702,135,000	659,412,000
Certificates Of Deposit | Carrying Value
LIABILITIES:
Deposit transaction accounts	435,670,000	362,241,000
Fair Value Inputs Level 1 | Estimated Fair Value
ASSETS:
Cash and cash equivalents	79,784,000	81,549,000
Accrued interest receivable	3,151,000	2,970,000
Fair Value Inputs Level 2 | Estimated Fair Value
ASSETS:
Debt and mortgage-backed securities - AFS	5,327,000	13,080,000
Capital stock of Federal Home Loan Bank and Federal Reserve Bank	11,156,000	8,268,000
Debt and mortgage-backed securities - HTM	42,320,000	28,496,000
Loans held for sale	112,651,000	59,800,000
Derivative financial assets	2,267,000	331,000
LIABILITIES:
Borrowed money	220,480,000	212,030,000
Subordinated debentures	19,583,000	19,583,000
Accrued interest payable	489,000	355,000
Derivative Liability	4,188,000	331,000
Fair Value Inputs Level 2 | Demand Deposits | Estimated Fair Value
LIABILITIES:
Deposit transaction accounts	702,135,000	659,412,000
Fair Value Inputs Level 2 | Certificates Of Deposit | Estimated Fair Value
LIABILITIES:
Deposit transaction accounts	436,923,000	362,858,000
Fair Value Inputs Level 3 | Estimated Fair Value
ASSETS:
Loans receivable	$ 1,205,987,000	$ 1,116,363,000

SELECTED QUARTERLY FINANCIAL 91

SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) (Details) - USD ($)	3 Months Ended								12 Months Ended
	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Interest income	$ 12,932,830	$ 12,837,155	$ 12,037,268	$ 12,223,549	$ 12,397,370	$ 12,157,202	$ 11,374,645	$ 11,498,081
Interest expense	1,475,867	1,428,433	1,375,402	1,373,313	1,314,003	1,280,061	1,313,168	1,322,825	$ 5,653,015	$ 5,230,057	$ 6,444,804
Net interest income	11,456,963	11,408,722	10,661,866	10,850,236	11,083,367	10,877,141	10,061,477	10,175,256	44,377,787	42,197,241	45,168,818
Provision for loan losses	500,000	1,000,000		500,000	310,000	200,000	500,000	200,000	2,000,000	1,210,000	12,090,000
Net interest income after provision for loan losses	10,956,963	10,408,722	10,661,866	10,350,236	10,773,367	10,677,141	9,561,477	9,975,256	42,377,787	40,987,241	33,078,818
Non-interest income	4,515,896	6,050,353	3,660,877	3,715,934	2,620,296	2,595,603	1,853,750	2,472,162	17,943,060	9,541,811	18,770,083
Non-interest expense	10,339,289	9,851,656	9,728,556	9,326,275	8,438,941	8,886,142	8,237,632	8,700,392	39,245,776	34,263,107	37,243,246
Income before income taxes	5,133,570	6,607,419	4,594,187	4,739,895	4,954,722	4,386,602	3,177,595	3,747,026	21,075,071	16,265,945	14,605,655
Income tax benefit	1,581,931	2,254,560	1,506,561	1,604,572	1,531,979	1,381,966	1,074,428	1,244,210	6,947,624	5,232,583	4,796,596
Net income	3,551,639	4,352,859	3,087,626	3,135,323	3,422,743	3,004,636	2,103,167	2,502,816	14,127,447	11,033,362	9,809,059
Income available for common shares	$ 3,551,639	$ 4,352,859	$ 3,087,626	$ 3,135,323	$ 3,296,336	$ 2,804,241	$ 1,914,984	$ 2,207,549	$ 14,127,447	$ 10,223,110	$ 8,289,487
Basic earnings per common share (in dollars per share)	$ 0.30	$ 0.37	$ 0.26	$ 0.27	$ 0.28	$ 0.25	$ 0.17	$ 0.20	$ 1.19	$ 0.92	$ 0.76
Diluted earnings per common share (in dollars per share)	$ 0.29	$ 0.36	$ 0.25	$ 0.26	$ 0.27	$ 0.25	$ 0.17	$ 0.20	$ 1.17	$ 0.88	$ 0.74
Weighted average common shares outstanding - basic (in shares)	11,883,373	11,896,781	11,805,494	11,715,120	11,671,891	11,023,167	10,969,484	10,948,781	11,825,104	11,154,695	10,892,136
Weighted average common shares outstanding - diluted (in shares)	12,065,763	12,081,029	12,115,757	12,063,777	12,095,294	11,418,794	11,357,212	11,220,002	12,064,356	11,570,033	11,132,941
Parent Company
Interest income									$ 130,827	$ 122,237	$ 126,633
Interest expense									744,407	677,189	509,437
Net interest income									(613,580)	(554,952)	(382,804)
Non-interest income									532,098	210,283	169,122
Non-interest expense									862,253	771,664	829,460
Income before income taxes									(943,735)	(1,116,333)	(1,043,142)
Income tax benefit									(320,132)	(373,518)	(337,717)
Net income									14,127,447	11,033,362	9,809,059
Income available for common shares									$ 14,751,050	$ 10,223,110	$ 8,289,487

CONDENSED PARENT-COMPANY-ONLY92

CONDENSED PARENT-COMPANY-ONLY FINANCIAL STATEMENTS. (Details) - USD ($)	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
ASSETS:
Total assets	$ 1,521,694,346	$ 1,380,096,645
LIABILITIES:
Term loan	8,250,000	9,250,000
Other liabilities	17,523,252	11,269,756
Total liabilities	1,400,196,256	1,267,980,509
STOCKHOLDER'S EQUITY	121,498,090	112,116,136	$ 116,058,066	$ 118,167,172
Total liabilities and stockholders' equity	1,521,694,346	1,380,096,645
Parent Company
ASSETS:
Cash and cash equivalents	71,836	98,529	$ 511,436	$ 82,678
Investment in Bank	145,653,943	137,273,479
Intercompany loan to Bank	3,835,000	4,135,000
Other assets	1,086,529	1,245,830
Total assets	150,647,308	142,752,838
LIABILITIES:
Term loan	8,250,000	9,250,000
Subordinated debentures	19,589,000	19,589,000
Dividends payable	1,132,259	1,148,799
Other liabilities	177,959	648,903
Total liabilities	29,149,218	30,636,702
STOCKHOLDER'S EQUITY	121,498,090	112,116,136
Total liabilities and stockholders' equity	$ 150,647,308	$ 142,752,838

CONDENSED PARENT-COMPANY-ONLY93

CONDENSED PARENT-COMPANY-ONLY FINANCIAL STATEMENTS. (Details 2) - USD ($)	3 Months Ended								12 Months Ended
	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Condensed Statements of Income
Interest income	$ 12,932,830	$ 12,837,155	$ 12,037,268	$ 12,223,549	$ 12,397,370	$ 12,157,202	$ 11,374,645	$ 11,498,081
Interest expense	1,475,867	1,428,433	1,375,402	1,373,313	1,314,003	1,280,061	1,313,168	1,322,825	$ 5,653,015	$ 5,230,057	$ 6,444,804
Net interest income	11,456,963	11,408,722	10,661,866	10,850,236	11,083,367	10,877,141	10,061,477	10,175,256	44,377,787	42,197,241	45,168,818
Non-interest income	4,515,896	6,050,353	3,660,877	3,715,934	2,620,296	2,595,603	1,853,750	2,472,162	17,943,060	9,541,811	18,770,083
Non-interest expense	10,339,289	9,851,656	9,728,556	9,326,275	8,438,941	8,886,142	8,237,632	8,700,392	39,245,776	34,263,107	37,243,246
Income before income taxes	5,133,570	6,607,419	4,594,187	4,739,895	4,954,722	4,386,602	3,177,595	3,747,026	21,075,071	16,265,945	14,605,655
Income tax benefit	1,581,931	2,254,560	1,506,561	1,604,572	1,531,979	1,381,966	1,074,428	1,244,210	6,947,624	5,232,583	4,796,596
Net income	3,551,639	4,352,859	3,087,626	3,135,323	3,422,743	3,004,636	2,103,167	2,502,816	14,127,447	11,033,362	9,809,059
Income available to common shares	$ 3,551,639	$ 4,352,859	$ 3,087,626	$ 3,135,323	$ 3,296,336	$ 2,804,241	$ 1,914,984	$ 2,207,549	14,127,447	10,223,110	8,289,487
Parent Company
Condensed Statements of Income
Interest income									130,827	122,237	126,633
Interest expense									744,407	677,189	509,437
Net interest income									(613,580)	(554,952)	(382,804)
Non-interest income									532,098	210,283	169,122
Non-interest expense									862,253	771,664	829,460
Income before income taxes									(943,735)	(1,116,333)	(1,043,142)
Income tax benefit									(320,132)	(373,518)	(337,717)
Net loss before equity in earnings of Bank									(623,603)	(742,815)	(705,425)
Equity in earnings of Bank									14,751,050	11,776,177	10,514,484
Net income									14,127,447	11,033,362	9,809,059
Income available to common shares									$ 14,751,050	$ 10,223,110	$ 8,289,487

CONDENSED PARENT-COMPANY-ONLY94

CONDENSED PARENT-COMPANY-ONLY FINANCIAL STATEMENTS. (Details 3) - USD ($)	3 Months Ended								9 Months Ended	12 Months Ended			14 Months Ended
	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Jun. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 3,551,639	$ 4,352,859	$ 3,087,626	$ 3,135,323	$ 3,422,743	$ 3,004,636	$ 2,103,167	$ 2,502,816		$ 14,127,447	$ 11,033,362	$ 9,809,059
Adjustments to reconcile net income to net cash from operating activities:
Net change in other assets and liabilities										(4,247,990)	366,254	(5,089,942)
Net cash (used in) provided by operating activities										(40,427,121)	22,099,331	124,153,435
CASH FLOWS FROM INVESTING ACTIVITIES:
Cash paid for investment in joint venture											58,000
Net cash (used in) provided by investing activities										(81,924,330)	(120,329,415)	(17,717,219)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds received from term loan											10,000,000
Payments on term loan										(1,000,000)	(750,000)
Stock options exercised										441,010	193,166	210,361
Purchase of equity trust shares from Treasury, net												566,527
Commission on shares purchased for dividend reinvestment plan										(16,191)	(19,802)	(24,027)
Repurchase of preferred shares									$ (10,000,000)		(10,000,000)	(7,951,199)	$ (14,600,000)
Redemption of preferred shares											(6,653,000)
Common stock dividends										(4,583,558)	(4,384,655)	(4,326,992)
Preferred stock dividends											(705,520)	(1,234,529)
Common stock surrendered to satisfy tax withholding obligations of stock-based compensation										(1,544,379)	(172,630)	(635,372)
Net cash provided by (used in) financing activities										120,586,084	93,470,599	(82,462,560)
Net (decrease) increase in cash and cash equivalents										(1,765,367)	(4,759,485)	23,973,656
Parent Company
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income										14,127,447	11,033,362	9,809,059
Adjustments to reconcile net income to net cash from operating activities:
Equity in earnings of Bank										(14,751,050)	(11,776,177)	(10,514,484)
Net change in other assets and liabilities										328,183	(537,530)	(95,332)
Net cash (used in) provided by operating activities										(951,786)	(205,285)	(610,093)
CASH FLOWS FROM INVESTING ACTIVITIES:
Cash received for investment in joint venture												60,000
Cash paid for investment in joint venture											(58,000)
Dividends received from Bank										6,400,000	6,200,000	12,000,000
Decrease (increase) in intercompany loan										300,000	(625,000)	850,000
Net cash (used in) provided by investing activities										6,700,000	5,517,000	12,910,000
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds received from term loan											10,000,000
Payments on term loan										(1,000,000)	(750,000)
Stock options exercised										441,010	193,166	210,361
Purchase of equity trust shares from Treasury, net												556,527
Proceeds received from Bank for stock-based compensation										797,756	42,140	1,424,085
Commission on shares purchased for dividend reinvestment plan										(16,191)	(19,802)	(24,027)
Repurchase of preferred shares											(10,000,000)	(7,951,199)
Redemption of preferred shares											(6,653,000)
Common stock dividends										(4,583,558)	(4,384,655)	(4,326,992)
Preferred stock dividends											(705,520)	(1,234,529)
Common stock issued											6,610,676
Common stock issued under employee compensation plans										130,455	115,003	99,997
Common stock surrendered to satisfy tax withholding obligations of stock-based compensation										(1,544,379)	(172,630)	(635,372)
Net cash provided by (used in) financing activities										(5,774,907)	(5,724,622)	(11,871,149)
Net (decrease) increase in cash and cash equivalents										(26,693)	(412,907)	428,758
Cash and cash equivalents at beginning of year				$ 98,529				$ 511,436	$ 511,436	98,529	511,436	82,678
Cash and cash equivalents at end of year	$ 71,836				$ 98,529					$ 71,836	$ 98,529	$ 511,436	$ 511,436

CUSTOMER FRAUD LOSS (Details)

CUSTOMER FRAUD LOSS (Details)	12 Months Ended
	Sep. 30, 2015USD ($)customer	Sep. 30, 2014USD ($)	Sep. 30, 2013USD ($)
CUSTOMER FRAUD LOSS
Charge-off of unsecured amount	$ (2,947,433)	$ (5,993,644)	$ (15,685,376)
Recovery received from insurance carrier, recorded as other noninterest income	2,000,000
Maximum
CUSTOMER FRAUD LOSS
Insurance claim under fidelity bond to be filed	5,000,000
Commercial Loan
CUSTOMER FRAUD LOSS
Charge-off of unsecured amount	$ (419,205)	$ (1,898,975)	(8,179,343)
Commercial Loan | Customer [Member]
CUSTOMER FRAUD LOSS
Number of customers by which an elaborate fraud perpetrated against bank is uncovered | customer	1
Aggregate outstanding loan amount			7,000,000
Collateral held by Bank			631,000
Charge-off of unsecured amount			$ 6,400,000

SUBSEQUENT EVENT - PROPOSED MER

SUBSEQUENT EVENT - PROPOSED MERGER (Details)	Dec. 03, 2015	Dec. 31, 2015USD ($)	Jun. 30, 2016USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Sep. 30, 2013USD ($)
SUBSEQUENT EVENT - PROPOSED MERGER
Professional Fees				$ 1,845,577	$ 2,268,761	$ 2,524,107
Merger Agreement | Subsequent Event
SUBSEQUENT EVENT - PROPOSED MERGER
Number of First Busey common stock received upon conversion (in shares)	0.79
Merger Agreement | Subsequent Event | Forecast
SUBSEQUENT EVENT - PROPOSED MERGER
Potential termination fee			$ 9,000,000
Professional Fees		$ 600,000	$ 2,700,000