Pulaski Financial (PULB) 10-Q 9 Feb 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Dec. 31, 2015	Feb. 03, 2016
Document and Entity Information
Entity Registrant Name	PULASKI FINANCIAL CORP
Entity Central Index Key	1,062,438
Document Type	10-Q
Document Period End Date	Dec. 31, 2015
Amendment Flag	false
Current Fiscal Year End Date	--09-30
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		11,958,158
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1

UNAUDITED CONSOLIDATED BALANCE

UNAUDITED CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2015	Sep. 30, 2015
ASSETS
Cash and amounts due from depository institutions	$ 13,755,947	$ 11,996,951
Federal funds sold and overnight interest-bearing deposits	74,754,325	67,786,775
Total cash and cash equivalents	88,510,272	79,783,726
Debt and mortgage-backed securities available for sale, at fair value	5,282,984	5,326,831
Debt and mortgage-backed securities held to maturity, at amortized cost (fair value of $42,635,445 and $42,319,807 at December 31, 2015 and September 30, 2015, respectively)	42,625,873	42,201,040
Capital stock of Federal Home Loan Bank and Federal Reserve Bank, at cost	13,216,300	11,156,300
Mortgage loans held for sale, at fair value	189,669,017	112,651,387
Loans receivable (net of allowance for loan losses of $15,852,762 and $15,799,107 at December 31, 2015 and September 30, 2015, respectively)	1,222,234,659	1,188,369,404
Real estate acquired in settlement of loans (net of valuation allowance of $60,700 and $76,700 at December 31, 2015 and September 30, 2015, respectively)	4,754,892	5,150,663
Premises and equipment, net	17,590,678	17,589,765
Goodwill	3,938,524	3,938,524
Accrued interest receivable	3,181,479	3,151,019
Bank-owned life insurance	34,791,384	34,571,455
Deferred tax assets, net	7,747,434	8,391,617
Prepaid expenses, accounts receivable and other assets	12,192,233	9,412,615
Total assets	1,645,735,729	1,521,694,346
LIABILITIES:
Deposits	1,214,219,501	1,137,804,738
Borrowed money	269,600,038	219,853,652
Subordinated debentures	19,589,000	19,589,000
Advance payments by borrowers for taxes and insurance	3,025,481	4,936,967
Accrued interest payable	510,727	488,647
Other liabilities	14,788,708	17,523,252
Total liabilities	1,521,733,455	1,400,196,256
STOCKHOLDERS' EQUITY :
Common stock - $0.01 par value per share, 18,000,000 shares authorized: 13,082,087 shares issued at December 31, 2015 and September 30, 2015	130,821	130,821
Treasury stock - at cost (1,219,748 and 1,259,395 shares at December 31, 2015 and September 30, 2015, respectively)	(11,862,158)	(11,981,018)
Additional paid-in capital	62,264,697	61,871,570
Accumulated other comprehensive (loss) gain, net	(8,181)	3,204
Retained earnings	73,477,095	71,473,513
Total stockholders' equity	124,002,274	121,498,090
Total liabilities and stockholders' equity	$ 1,645,735,729	$ 1,521,694,346

UNAUDITED CONSOLIDATED BALANCE3

UNAUDITED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)	Dec. 31, 2015	Sep. 30, 2015
UNAUDITED CONSOLIDATED BALANCE SHEETS
Mortgage-backed securities held to maturity, fair value	$ 42,635,445	$ 42,319,807
Loans receivable, allowance for loan losses	15,852,762	15,799,107
Real estate acquired in settlement of loans, allowance for losses	$ 60,700	$ 76,700
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)	1,219,748	1,259,395

UNAUDITED CONSOLIDATED STATEMEN

UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)	3 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
INTEREST AND DIVIDEND INCOME:
Loans receivable	$ 11,883,515	$ 11,406,317
Mortgage loans held for sale	1,264,360	703,461
Securities and other	159,867	113,771
Total interest and dividend income	13,307,742	12,223,549
INTEREST EXPENSE:
Deposits	1,240,053	893,755
Borrowed money	228,964	354,732
Subordinated debentures	131,434	124,826
Total interest expense	1,600,451	1,373,313
Net interest income	11,707,291	10,850,236
Provision for loan losses	(800,000)	500,000
Net interest income after provision for loan losses	12,507,291	10,350,236
NON-INTEREST INCOME:
Mortgage revenues	2,183,313	1,474,363
Retail banking fees	1,064,177	1,054,775
Bank-owned life insurance income	219,928	245,187
Other	142,139	941,609
Total non-interest income	3,609,557	3,715,934
NON-INTEREST EXPENSE:
Salaries and employee benefits	6,358,680	4,969,548
Occupancy, equipment and data processing expense	3,063,025	2,793,698
Advertising	154,648	171,553
Professional services	1,004,377	497,349
FDIC deposit insurance premium expense	251,429	259,174
Real estate foreclosure (recoveries) losses and expense, net	(13,189)	77,001
Postage, document delivery and office supplies expense	153,054	163,925
Other	407,778	394,027
Total non-interest expense	11,379,802	9,326,275
Income before income taxes	4,737,046	4,739,895
Income tax expense	1,581,519	1,604,572
Net income	3,155,527	3,135,323
OTHER COMPREHENSIVE INCOME:
Unrealized loss on debt and mortgage-backed securities available for sale	(18,363)	(39,037)
Income tax benefit	6,978	14,834
Net unrealized loss	(11,385)	(24,203)
Comprehensive income	$ 3,144,142	$ 3,111,120
Per Common Share Amounts:
Basic earnings per common share (in dollars per share)	$ 0.27	$ 0.27
Weighted average common shares outstanding - basic (in shares)	11,896,508	11,715,120
Diluted earnings per common share (in dollars per share)	$ 0.26	$ 0.26
Weighted average common shares outstanding - diluted (in shares)	12,080,234	12,063,777

UNAUDITED CONSOLIDATED STATEME5

UNAUDITED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)	Common Stock	Treasury Stock	Additional Paid-In Capital	Accumulated Other Comprehensive Income (Loss), Net	Retained Earnings	Total
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					3,135,323	3,135,323
Other comprehensive loss				(24,203)		(24,203)
Common stock dividends ( $0.095 per share)					(1,141,435)	(1,141,435)
Commission on shares purchased for dividend reinvestment plan			(4,579)			(4,579)
Stock options exercised (3,400 shares and 42,200 shares at December 31,2015 and December 31, 2014, respectively)		276,326	150,954			427,280
Stock option and award expense			86,310			86,310
Common stock issued under employee compensation plans (4,200 shares and 544 shares at December 31, 2015 and December 31 2014, respectively)		3,562	2,961			6,523
Forfeiture of restricted common awards ( 1,368 shares)		(13,338)	13,338
Common stock surrendered to satisfy tax withholding obligations of stock-based compensation (14,682 shares and 20,795 shares at December 31, 2015 and December 31, 2014, respectively)		(246,346)				(246,346)
Equity trust expense, net of forfeitures			64,868			64,868
Excess tax benefit from stock-based compensation			92,505			92,505
BALANCE at Dec. 31, 2014	130,821	(12,637,238)	63,145,700	(50,413)	63,923,512	114,512,382
BALANCE at Sep. 30, 2015	130,821	(11,981,018)	61,871,570	3,204	71,473,513	121,498,090
Increase (Decrease) in Stockholders' Equity
Net income					3,155,527	3,155,527
Other comprehensive loss				(11,385)		(11,385)
Common stock dividends ( $0.095 per share)					(1,151,945)	(1,151,945)
Commission on shares purchased for dividend reinvestment plan			408			408
Stock options exercised (3,400 shares and 42,200 shares at December 31,2015 and December 31, 2014, respectively)		22,263	8,802			31,065
Stock option and award expense			80,487			80,487
Common stock issued under employee compensation plans (4,200 shares and 544 shares at December 31, 2015 and December 31 2014, respectively)		27,503	(27,503)
Common stock issued for performance-based common share units earned (46,729 shares)		305,981	224,702			530,683
Common stock surrendered to satisfy tax withholding obligations of stock-based compensation (14,682 shares and 20,795 shares at December 31, 2015 and December 31, 2014, respectively)		(236,887)				(236,887)
Excess tax benefit from stock-based compensation			106,231			106,231
BALANCE at Dec. 31, 2015	$ 130,821	$ (11,862,158)	$ 62,264,697	$ (8,181)	$ 73,477,095	$ 124,002,274

UNAUDITED CONSOLIDATED STATEME6

UNAUDITED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
UNAUDITED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
Common stock dividends (in dollars per share)	$ 0.095	$ 0.095
Stock options exercised (in shares)	3,400	42,200
Common stock issued under employee compensation plans from Treasury (in shares)	4,200	544
Restricted common stock forfeited (in shares)		1,368
Common stock issued for performance-based common share units earned (in shares)	46,729
Common stock surrendered to satisfy tax withholding obligations of stock-based compensation (in shares)	14,682	20,795

UNAUDITED CONSOLIDATED STATEME7

UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 3,155,527	$ 3,135,323
Depreciation, amortization and accretion:
Premises and equipment	545,232	516,165
Net deferred loan costs	580,871	493,351
Debt and mortgage-backed securities premiums and discounts, net	97,787	64,067
Equity trust expense		64,868
Stock option and award expense (benefit)	80,487	86,310
Provision for loan losses	(800,000)	500,000
Provision for losses on real estate acquired in settlement of loans	65,800	71,200
Gains on sales of real estate acquired in settlement of loans	(137,803)	(46,663)
Originations of mortgage loans held for sale	(413,223,792)	(260,496,482)
Proceeds from sales of mortgage loans held for sale	335,126,845	231,290,330
Gain on sales of loans held for sale	(2,516,845)	(1,725,330)
Increase in cash value of bank-owned life insurance	(219,928)	(245,187)
Decrease in deferred tax asset	644,183	191,389
Common stock issued under employee compensation plans		6,523
Excess tax benefit from stock-based compensation	(106,231)	(92,505)
Decrease in accrued expenses	(1,333,276)	(886,904)
Decrease in current income taxes payable	(1,605,546)	(35,156)
Changes in other assets and liabilities	(2,470,511)	(646,276)
Net adjustments	(85,272,727)	(30,890,300)
Net cash used in operating activities	(82,117,200)	(27,754,977)
Proceeds from:
Maturities of debt securities available for sale		10,000,000
Maturities of debt securities held to maturity	14,500,000	5,000,000
Principal payments on mortgage-backed securities	56,913	159,889
Redemption of Federal Home Loan Bank stock	7,300,000	8,196,000
Sales of real estate acquired in settlement of loans receivable	455,957	1,603,339
Purchases of:
Debt securities available for sale		(5,144,700)
Debt securities held to maturity	(15,054,050)	(14,859,118)
Federal Home Loan Bank stock	(9,360,000)	(6,940,000)
Premises and equipment	(546,145)	(503,326)
Net increase in loans receivable	(30,038,147)	(22,320,738)
Net cash (used in) provided by investing activities	(32,685,472)	(24,808,654)
CASH FLOWS FROM FINANCING ACTIVITIES:
Net increase in deposits	76,414,763	76,679,926
Net increase (decrease) in overnight retail repurchase agreements	(1,503,614)	2,023,032
Net increase (decrease) in overnight Federal Home Loan Bank advances	51,500,000	(31,400,000)
Payments on term loan	(250,000)	(250,000)
Net increase (decrease) in advance payments by borrowers for taxes and insurance	(1,911,486)	(2,212,600)
Proceeds from stock options exercised	31,065	427,280
Excess tax expense from stock-based compensation	106,231	92,505
Dividends paid on common stock	(1,151,945)	(1,141,435)
Commission on shares purchased for dividend reinvestment plan	408	(4,579)
Common stock issued for performance-based common share units earned	530,683
Common stock surrendered to satisfy tax withholding obligations of stock-based compensation	(236,887)	(246,346)
Net cash provided by (used in) financing activities	123,529,218	43,967,783
Net (decrease) increase in cash and cash equivalents	8,726,546	(8,595,848)
Cash and cash equivalents at beginning of year	79,783,726	81,549,093
Cash and cash equivalents at end of year	88,510,272	72,953,245
Cash paid during the period for:
Interest on deposits	1,222,092	884,653
Interest on borrowed money	227,847	354,553
Interest on subordinated debentures	128,431	123,407
Cash paid during the period for interest	1,578,370	1,362,613
Income taxes, net	2,429,674	1,341,000
NON-CASH ACTIVITIES:
Real estate acquired in settlement of loans receivable	61,873	$ 3,546,013
Loans to facilitate the sale of real estate acquired in settlement of loans receivable	$ 73,690

BASIS OF PRESENTATION

BASIS OF PRESENTATION	3 Months Ended
	Dec. 31, 2015
BASIS OF PRESENTATION
BASIS OF PRESENTATION	1. BASIS OF PRESENTATION The unaudited consolidated financial statements include the accounts of Pulaski Financial Corp. (the “Company”) and its wholly owned subsidiary, Pulaski Bank (the “Bank”), and the Bank’s wholly owned subsidiaries, Pulaski Service Corporation and Priority Property Holdings, LLC. All significant intercompany accounts and transactions have been eliminated. The assets of the Company consist primarily of the investment in the outstanding shares of the Bank and its liabilities consist principally of obligations on its subordinated debentures and a term loan from a commercial bank. Accordingly, the information set forth in this report, including the consolidated financial statements and related financial data, relates primarily to the Bank. The Company, through the Bank, operates as a single business segment, providing traditional community banking services through its full-service branch network and mortgage loan production offices. The accompanying unaudited consolidated financial statements have been prepared in conformity with U.S. generally accepted accounting principles (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, the unaudited consolidated financial statements do not contain all of the information and disclosures required by U.S. GAAP as applied to annual reports on Form 10-K. Therefore, these unaudited consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements for the year ended September 30, 2015 contained in the Company’s 2015 Annual Report to Stockholders, which was filed as an exhibit to the Company’s Annual Report on Form 10-K for the year ended September 30, 2015. In the opinion of management, the unaudited consolidated financial statements contain all adjustments (consisting of normal recurring accruals) necessary for a fair presentation of the financial condition of the Company as of December 31, 2015 and September 30, 2015 and its results of operations for the three-month periods ended December 31, 2015 and 2014. The results of operations for the three-month period ended December 31, 2015 are not necessarily indicative of the operating results that may be expected for the entire fiscal year or for any other period. The preparation of these consolidated financial statements 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 that affect the reported amounts of revenues and expenses during the reported periods. Actual results could differ from those estimates. The determination of the allowance for loan losses, the liability for loans sold and the valuation of the deferred tax assets are significant estimates reported within the consolidated financial statements. Effective January 1, 2015, the Company elected to account for all loans held for sale at fair value. In prior quarters, the Company accounted for loans held for sale at the lower of cost or fair value. Refer to Note 9 for further discussion. Certain reclassifications have been made to the fiscal 2015 amounts to conform to the fiscal 2016 presentation. The Company has evaluated all subsequent events to ensure that the accompanying consolidated financial statements include the effects of any subsequent events that should be recognized in such consolidated financial statements as of December 31, 2015, and the appropriate disclosure of any subsequent events that were not recognized in the financial statements.

EARNINGS PER SHARE

EARNINGS PER SHARE	3 Months Ended
	Dec. 31, 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. Three Months Ended December 31, 2015 2014 Net income $ $ 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 50,500 and 217,194 were excluded from the computations of diluted earnings per share for the three months ended December 31, 2015 and 2014, 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.

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	3 Months Ended
	Dec. 31, 2015
STOCK-BASED COMPENSATION.
STOCK-BASED COMPENSATION	3. STOCK-BASED COMPENSATION 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 options 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 generally 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 December 31, 2015, the Company had 510,072 reserved but unissued shares under the shareholder-approved Pulaski Financial Corp. 2006 Long-Term Incentive Plan that can be awarded in the form of stock options or share awards. The authority to issue awards under this plan expired on January 26, 2016. In addition, on December 3, 2015, the Company and First Busey Corporation entered into a Merger Agreement, pursuant to which First Busey will acquire the Company and the Bank. Under the terms of the Merger Agreement, the Company agreed not to issue any new stock-based awards. Refer to Note 17 for further discussion of the proposed merger. Restricted Stock Awards - A summary of activity in the Company’s restricted stock awards as of and for the three-month period ended December 31, 2015 is as follows: Weighted Average Number Grant-Date Of Shares Fair Value Nonvested at September 30, 2015 $ Granted Vested ) Forfeited — — Nonvested at December 31, 2015 $ Stock Option Awards - A summary of activity in the Company’s stock option program as of and for the three-month period ended December 31, 2015 is as follows: Weighted Weighted Average Average Aggregate Remaining Number Exercise Intrinsic Contractual Of Shares Price Value Life (years) Outstanding at September 30, 2015 $ Granted — — Exercised ) Expired ) Forfeited — — Outstanding at December 31, 2015 $ $ Exercisable at December 31, 2015 $ $ There were no stock options granted during the three months ended December 31, 2015 and 2014. Common Share Units — On December 10, 2014, the Company granted approximately 105,000 “common share units” to its seven 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. Under the terms of the grants, 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 will 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. On December 14, 2015, 46,729 common share units were vested and distributed to the executive officers based on the Company’s performance for the year ended September 30, 2015. As of December 31, 2015, the total unrecognized compensation expense related to nonvested stock options, restricted stock awards and common share units was approximately $0, $216,000 and $435,000, respectively, and the related weighted average periods over which it is expected to be recognized are approximately 0 years, 2.0 years and 1.5 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. In prior years, 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 nonvested 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 nonvested 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 three months ended December 31, 2015 and 2014, the plan purchased no shares during these periods. There were no vested shares distributed to participants during the three months ended December 31, 2015. At December 31, 2015, there were 95,819 shares in the plan with an aggregate carrying value of $863,000, including 2,064 shares that were not yet vested. Such shares were included in treasury stock in the Company’s consolidated financial statements.

INCOME TAXES

INCOME TAXES	3 Months Ended
	Dec. 31, 2015
INCOME TAXES
INCOME TAXES	4. INCOME TAXES Deferred tax assets totaled $7.7 million and $8.4 million at December 31, 2015 and September 30, 2015, respectively, and resulted primarily from the temporary differences related to the allowance for loan losses. Deferred tax assets are recognized only to the extent that they are expected to be used to reduce amounts that have been paid or will be paid to tax authorities. 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 totaling $177,000 was provided at December 31, 2015 and September 30, 2015 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 is warranted. At December 31, 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 December 31, 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.

DEBT AND MORTGAGE-BACKED SECURI

DEBT AND MORTGAGE-BACKED SECURITIES	3 Months Ended
	Dec. 31, 2015
DEBT AND MORTGAGE-BACKED SECURITIES
DEBT AND MORTGAGE-BACKED SECURITIES	5. 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 December 31, 2015 and September 30, 2015 are summarized as follows: December 31, 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 period % AVAILABLE FOR SALE: Debt obligations of government-sponsored entities $ $ — $ ) $ Mortgage-backed securities: Ginnie Mae — Total available for sale $ $ $ ) $ Weighted average yield at end of period % 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 % The following summary displays the length of time debt and mortgage-backed securities were in a continuous unrealized loss position as of December 31, 2015 and September 30, 2015. 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. December 31, 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 $ $ $ $ $ $ Mortgage-backed securities Ginnie Mae — — Fannie Mae — — Available for Sale: Debt obligations of government-sponsored entities — — Total $ $ $ $ $ $ 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 $ $ $ $ $ $ Debt and mortgage-backed securities with carrying values totaling approximately $40.2 million and $44.9 million at December 31, 2015 and September 30, 2015, respectively, were pledged to secure retail repurchase agreements.

LOANS RECEIVABLE AND ALLOWANCE

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES	3 Months Ended
	Dec. 31, 2015
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES	6. LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES Loans receivable at December 31, 2015 and September 30, 2015 are summarized as follows: December 31, September 30, 2015 2015 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 % % 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 December 31, 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 December 31, 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 December 31, 2015 (In thousands) Amount converting to fully-amortizing basis during the period 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 are used as the starting point to determine the level of the allowance. Such loss rates, 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. The determination of these historical loss rates incorporates the quantification of annualized average loss rates that include losses incurred over a specified period of time, or “look-back period.” Beginning in the first fiscal quarter of 2016, the Company began to lengthen its look-back period with the intent to increase such period from three to five years over the next two years. The five-year look-back period, which is consistent with the Company’s practices prior to the start of the economic recession in 2008, is believed to provide a representative historical loss period in the current economic environment. 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 three months ended December 31, 2015 and 2014: Three Months Ended December 31, 2015 2014 Balance, beginning of period $ $ Provision charged to expense ) Charge-offs: Single-family residential real estate: First mortgage Second mortgage Home equity lines of credit Total single-family residential real estate Commercial loans: Commercial and industrial — Total commercial — Consumer and installment Total charge-offs Recoveries: Single-family residential real estate: First mortgage Second mortgage Home equity lines of credit Total single-family residential real estate Commercial loans: Commercial and multi-family real estate Land acquisition and development — Real estate construction and development Commercial and industrial Total commercial Consumer and installment Total recoveries Net (recoveries) charge-offs ) Balance, end of period $ $ The following table summarizes, by loan portfolio segment, the changes in the allowance for loan losses for the three months ended December 31, 2015 and 2014, respectively. Three Months Ended December 31, 2015 Residential Real Estate Commercial Consumer Unallocated Total Activity in allowance for loan losses: Balance, beginning of period $ $ $ $ $ Provision charged (credited) to expense ) ) Charge-offs ) — ) — ) Recoveries — Balance, end of period $ $ $ $ $ Three Months Ended December 31, 2014 Residential Real Estate Commercial Consumer Unallocated Total Activity in allowance for loan losses: Balance, beginning of period $ $ $ $ $ Provision charged (credited) to expense ) Charge-offs ) ) ) — ) Recoveries — Balance, end of period $ $ $ $ $ The following table summarizes the information regarding the balance in the allowance and the recorded investment in loans by impairment method as of December 31, 2015 and September 30, 2015, respectively. December 31, 2015 Residential Real Estate Commercial Consumer Unallocated Total Allowance balance at end of period based on: Loans individually evaluated for impairment $ $ $ — $ — $ Loans collectively evaluated for impairment Loans acquired with deteriorated credit quality — — — — — Total balance, end of period $ $ $ $ $ Recorded investment in loans receivable at end of period: Total loans receivable $ $ $ $ Loans receivable individually evaluated for impairment — Loans receivable collectively evaluated for impairment Loans receivable acquired with deteriorated credit quality — — — — 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 — — — — Impaired Loans The following is a summary of the unpaid principal balance and recorded investment of impaired loans as of December 31, 2015 and September 30, 2015. 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 Accounting Standards Codification (“ASC”) Topic 310-20-30. December 31, 2015 September 30, 2015 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 December 31, 2015 and September 30, 2015 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 9, 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 December 31, 2015 and September 30, 2015 by the impairment method used. December 31, September 30, 2015 2015 (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 December 31, 2015 and September 30, 2015. The recorded investments have been reduced by all partial charge-offs. December 31, 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 — — — — — — — 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, 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 $ $ $ $ $ $ $ During the three months ended December 31, 2015 and 2014, charge-offs of non-performing and impaired loans totaled $537,000 and $697,000, respectively, including partial charge-offs of $72,000 and $183,000, respectively. At December 31, 2015 and September 30, 2015, the remaining principal balance of non-performing and impaired loans for which the Company previously recorded partial charge-offs totaled $3.2 million and $5.7 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 three months ended December 31, 2015 and 2014. The recorded investments have been reduced by all partial charge-offs. Three Months Ended December 31, 2015 December 31, 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 collectability 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 December 31, 2015 and September 30, 2015. 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. December 31, 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, 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 $ $ $ $ $ $ $ — $ 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 high probability of loss. An asset classified as “loss” is considered uncollectible and of such little value that charge-off is generally warranted. In limited circumstances, the Company might establish a specific allowance on assets classified as loss if a charge-off is not yet warranted because circumstances that impact the valuation are changing. The following is a summary of the recorded investment of loan risk ratings by class at December 31, 2015 and September 30, 2015: December 31, 2015 Special Pass Mention Substandard Doubtful Loss Single-family residential: Residential first mortgage $ $ $ $ $ —

DEPOSITS

DEPOSITS	3 Months Ended
	Dec. 31, 2015
DEPOSITS
DEPOSITS	7. DEPOSITS Deposits at December 31, 2015 and September 30, 2015 are summarized as follows: December 31, 2015 September 30, 2015 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. As of December 31, 2015 and September 30, 2015, the Federal Home Loan Bank of Des Moines had issued letters of credit totaling $67.8 million and $49.0 million, respectively, which the Bank had pledged as collateral to secure certain deposits of public institutions and for other purposes as required by law.

BORROWED MONEY

BORROWED MONEY	3 Months Ended
	Dec. 31, 2015
BORROWED MONEY
BORROWED MONEY	8. BORROWED MONEY Borrowed money at December 31, 2015 and September 30, 2015 is summarized as follows: December 31, 2015 September 30, 2015 Weighted Weighted Average Average Interest Interest Amount Rate Amount Rate FHLB advances maturing within the period ending September 30: 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 Federal Deposit Insurance Corporation. At December 31, 2015 and September 30, 2015, the Bank had $40.2 million and $44.9 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 three months ended December 31, 2015 or 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 the three months ended September 30, 2016, each of the next four years ended September 30 and in the aggregate thereafter: Period ending September 30: 2016 2017 2018 2019 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 December 31, 2015. The Bank has the ability to borrow funds from the Federal Home Loan Bank (“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 $222.0 million in advances outstanding at December 31, 2015, the Bank had approximately $111.6 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 December 31, 2015, $214.3 million of commercial loans were assigned under this arrangement. The assets underlying these borrowings are under the Bank’s physical control. As of December 31, 2015, the Bank had no borrowings outstanding from the Federal Reserve and had approximately $152.3 million in borrowing capacity available to it under this arrangement.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	3 Months Ended
	Dec. 31, 2015
FAIR VALUE MEASUREMENTS
FAIR VALUE MEASUREMENTS	9. 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 operations and 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 operations and 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 three months ended December 31, 2015 and 2014, charge-offs to the allowance for loan losses at the time of foreclosure totaled $26,000 and $88,000, respectively, which represented 30% and 2% 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 year ended September 30, 2015 or the three months ended December 31, 2015. Assets and liabilities that were recorded at fair value on a recurring basis at December 31, 2015 and September 30, 2015 and the level of inputs used to determine their fair values are summarized below: Carrying Value at December 31, 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, 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 $ $ — $ $ — Assets that were recorded at fair value on a non-recurring basis at December 31, 2015 and September 30, 2015 and the level of inputs used to determine their fair values are summarized below: Total (Gains) Losses Recognized Carrying Value at December 31, 2015 In Three Months Fair Value Measurements Using Ended December Total Level 1 Level 2 Level 3 31, 2015 (In thousands) Assets: Impaired loans, net $ $ — $ — $ $ ) Real estate acquired in settlement of loans — — Total assets $ $ — $ — $ $ ) Total Losses Recognized in Carrying Value at September 30, 2015 Three Months Fair Value Measurements Using Ended December Total Level 1 Level 2 Level 3 31, 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 three months ended December 31, 2015 or 2014.

DISCLOSURES ABOUT FAIR VALUE OF

DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS	3 Months Ended
	Dec. 31, 2015
DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS
DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS	10. 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 9. 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 December 31, 2015 and September 30, 2015. 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 December 31, 2015 and September 30, 2015 are summarized as follows: Level in December 31, 2015 September 30, 2015 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 9 above, the 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 the FHLB is determined by discounting the future cash flows of existing advances using rates currently available on advances from the 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 9 and 13, 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 12, Commitments and Contingencies .

LIABILITY FOR LOANS SOLD

LIABILITY FOR LOANS SOLD	3 Months Ended
	Dec. 31, 2015
LIABILITY FOR LOANS SOLD
LIABILITY FOR LOANS SOLD	11. 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 $429 million and $565 million at December 31, 2015 and September 30, 2015, 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 three months ended December 31, 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 three months ended December 31, 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 three months ended December 31, 2015 and 2014: Three Months Ended December 31, 2015 December 31, 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 $1.9 million at December 31, 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.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Dec. 31, 2015
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	12. 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 December 31, 2015 and September 30, 2015 for which the Bank’s underwriting process has been completed and firm commitments have been issued to the borrowers. December 31, September 30, 2015 2015 (In thousands) Commitments to originate residential mortgage loans $ $ Commitments to originate commercial mortgage loans Commitments to originate non-mortgage loans Consumer loans Unused lines of credit - residential Unused lines of credit - commercial Unused lines of credit - consumer Subsequent to December 31, 2015, a putative class action law suit, was filed in connection with the proposed merger of the Company and First Busey, which is more fully discussed in Note 17, Proposed Merger . The Company believes that the factual allegations in the complaint are without merit and intends to defend vigorously against these allegations. The Company is also a defendant in other 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	3 Months Ended
	Dec. 31, 2015
DERIVATIVE FINANCIAL INSTRUMENTS
DERIVATIVE FINANCIAL INSTRUMENTS	13. 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 9, Fair Value Measurements , for a discussion of the fair value measurement of such derivatives. Interest Rate Lock Commitments - At December 31, 2015, the Company had issued $208.3 million of unexpired interest rate lock commitments to loan customers compared with $204.4 million at September 30, 2015. 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 December 31, 2015, the Company had issued $387.2 million of unexpired forward sales commitments to mortgage loan investors compared with $311.3 million at September 30, 2015. 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 December 31, 2015 and September 30, 2015 are summarized as follows: December 31, September 30, 2015 2015 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 three months ended December 31, 2015 and 2014 are summarized as follows: Three Months Ended December 31, 2015 2014 Gross gains $ $ Gross losses ) ) Net gain or loss $ $ —

GOODWILL

GOODWILL	3 Months Ended
	Dec. 31, 2015
GOODWILL
GOODWILL	14. GOODWILL Goodwill totaled $3.9 million at December 31, 2015 and September 30, 2015. 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 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 the three months ended December 31, 2015 or the year ended September 30, 2015.

CUSTOMER FRAUD LOSS

CUSTOMER FRAUD LOSS	3 Months Ended
	Dec. 31, 2015
CUSTOMER FRAUD LOSS
CUSTOMER FRAUD LOSS	15. 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 the year ended September 30, 2015, the Company received $2.0 million from its insurance carrier, representing a partial recovery of the loss. This amount included $688,000 received during three months ended December 31, 2014, which was recorded in other non-interest income in the unaudited consolidated statement of operations during the three months ended December 31, 2014.

REGULATORY CHARTER CONVERSION

REGULATORY CHARTER CONVERSION	3 Months Ended
	Dec. 31, 2015
REGULATORY CHARTER CONVERSION
REGULATORY CHARTER CONVERSION	16. 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 conversion to a national bank charter had no effect on Pulaski Bank’s customers. Depositors continue to be insured by the Federal Deposit Insurance Corporation to the fullest extent permitted by law. Pulaski Bank continues to be regulated by the Office of the Comptroller of the Currency and the Company continues to be regulated by the Federal Reserve Board.

PROPOSED MERGER

PROPOSED MERGER	3 Months Ended
	Dec. 31, 2015
PROPOSED MERGER
PROPOSED MERGER	17. 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 $666,000 of these expenses were incurred during the quarter ended December 31, 2015.

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	3 Months Ended
	Dec. 31, 2015
EARNINGS PER SHARE
Schedule of computations of basic and diluted earnings per share	Three Months Ended December 31, 2015 2014 Net income $ $ 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 $ $

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	3 Months Ended
	Dec. 31, 2015
STOCK-BASED COMPENSATION.
Summary of activity in the Company's restricted stock awards	Weighted Average Number Grant-Date Of Shares Fair Value Nonvested at September 30, 2015 $ Granted Vested ) Forfeited — — Nonvested at December 31, 2015 $
Summary of activity in the Company's stock option program	Weighted Weighted Average Average Aggregate Remaining Number Exercise Intrinsic Contractual Of Shares Price Value Life (years) Outstanding at September 30, 2015 $ Granted — — Exercised ) Expired ) Forfeited — — Outstanding at December 31, 2015 $ $ Exercisable at December 31, 2015 $ $

DEBT AND MORTGAGE-BACKED SECU27

DEBT AND MORTGAGE-BACKED SECURITIES (Tables)	3 Months Ended
	Dec. 31, 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	December 31, 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 period % AVAILABLE FOR SALE: Debt obligations of government-sponsored entities $ $ — $ ) $ Mortgage-backed securities: Ginnie Mae — Total available for sale $ $ $ ) $ Weighted average yield at end of period % 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 %
Summary displaying the length of time debt securities available for sale were in a continuous unrealized loss position	December 31, 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 $ $ $ $ $ $ Mortgage-backed securities Ginnie Mae — — Fannie Mae — — Available for Sale: Debt obligations of government-sponsored entities — — Total $ $ $ $ $ $ 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 $ $ $ $ $ $

LOANS RECEIVABLE AND ALLOWANC28

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Tables)	3 Months Ended
	Dec. 31, 2015
LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES
Summary of loans receivable	December 31, September 30, 2015 2015 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 home equity lines of credit scheduled to convert to a fully-amortizing basis	Principal Balance At December 31, 2015 (In thousands) Amount converting to fully-amortizing basis during the period ended September 30, 2016 $ 2017 2018 2019 Thereafter Total $
Summary of the activity in the allowance for loan losses	Three Months Ended December 31, 2015 2014 Balance, beginning of period $ $ Provision charged to expense ) Charge-offs: Single-family residential real estate: First mortgage Second mortgage Home equity lines of credit Total single-family residential real estate Commercial loans: Commercial and industrial — Total commercial — Consumer and installment Total charge-offs Recoveries: Single-family residential real estate: First mortgage Second mortgage Home equity lines of credit Total single-family residential real estate Commercial loans: Commercial and multi-family real estate Land acquisition and development — Real estate construction and development Commercial and industrial Total commercial Consumer and installment Total recoveries Net (recoveries) charge-offs ) Balance, end of period $ $
Summary of the changes in the allowance for loan losses, by loan portfolio segment	Three Months Ended December 31, 2015 Residential Real Estate Commercial Consumer Unallocated Total Activity in allowance for loan losses: Balance, beginning of period $ $ $ $ $ Provision charged (credited) to expense ) ) Charge-offs ) — ) — ) Recoveries — Balance, end of period $ $ $ $ $ Three Months Ended December 31, 2014 Residential Real Estate Commercial Consumer Unallocated Total Activity in allowance for loan losses: Balance, beginning of period $ $ $ $ $ Provision charged (credited) to expense ) Charge-offs ) ) ) — ) Recoveries — Balance, end of period $ $ $ $ $
Summary of information regarding the balance in the allowance and the recorded investment in loans by impairment method	December 31, 2015 Residential Real Estate Commercial Consumer Unallocated Total Allowance balance at end of period based on: Loans individually evaluated for impairment $ $ $ — $ — $ Loans collectively evaluated for impairment Loans acquired with deteriorated credit quality — — — — — Total balance, end of period $ $ $ $ $ Recorded investment in loans receivable at end of period: Total loans receivable $ $ $ $ Loans receivable individually evaluated for impairment — Loans receivable collectively evaluated for impairment Loans receivable acquired with deteriorated credit quality — — — — 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 — — — —
Summary of the unpaid principal balance and recorded investment of impaired loans	December 31, 2015 September 30, 2015 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 December 31, 2015 and September 30, 2015 were classified as non-accrual.
Summary of the principal balance, net of amounts charged off, of impaired loans by the impairment method used	December 31, September 30, 2015 2015 (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	December 31, 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 — — — — — — — 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, 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 $ $ $ $ $ $ $ Three Months Ended December 31, 2015 December 31, 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	December 31, 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, 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 $ $ $ $ $ $ $ — $
Summary of the recorded investment of loan risk ratings by class	December 31, 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, 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 $ $ $ $ $ —
Summary of unpaid principal balance and recorded investment of troubled debt restructurings	December 31, 2015 September 30, 2015 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 December 31, 2015 and September 30, 2015 were classified as non-accrual.
Schedule of restructured accruing loans and defaulted during the period	Restructured During Preceding Twelve Months and Total Restructured During Defaulted During Three Months Ended December 31, Three Months Ended December 31, 2015 2014 2015 2014 Residential mortgage loans $ $ $ $ Commercial loans — — — Consumer loans — — — — Total $ $ $ $

DEPOSITS (Tables)

DEPOSITS (Tables)	3 Months Ended
	Dec. 31, 2015
DEPOSITS
Summary of deposits	December 31, 2015 September 30, 2015 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 $ % $ %

BORROWED MONEY (Tables)

BORROWED MONEY (Tables)	3 Months Ended
	Dec. 31, 2015
BORROWED MONEY
Schedule of borrowed money	December 31, 2015 September 30, 2015 Weighted Weighted Average Average Interest Interest Amount Rate Amount Rate FHLB advances maturing within the period ending September 30: 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	Period ending September 30: 2016 2017 2018 2019 Thereafter Total $

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	3 Months Ended
	Dec. 31, 2015
FAIR VALUE MEASUREMENTS
Schedule of assets and liabilities recorded at fair value on recurring basis	Carrying Value at December 31, 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, 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 $ $ — $ $ —
Schedule of assets recorded at fair value on a non-recurring basis	Total (Gains) Losses Recognized Carrying Value at December 31, 2015 In Three Months Fair Value Measurements Using Ended December Total Level 1 Level 2 Level 3 31, 2015 (In thousands) Assets: Impaired loans, net $ $ — $ — $ $ ) Real estate acquired in settlement of loans — — Total assets $ $ — $ — $ $ ) Total Losses Recognized in Carrying Value at September 30, 2015 Three Months Fair Value Measurements Using Ended December Total Level 1 Level 2 Level 3 31, 2014 (In thousands) Assets: Impaired loans, net $ $ — $ — $ $ Real estate acquired in settlement of loans — — Total assets $ $ — $ — $ $

DISCLOSURES ABOUT FAIR VALUE 32

DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	3 Months Ended
	Dec. 31, 2015
DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS
Summary of carrying values and estimated fair values	Level in December 31, 2015 September 30, 2015 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

LIABILITY FOR LOANS SOLD (Table

LIABILITY FOR LOANS SOLD (Tables)	3 Months Ended
	Dec. 31, 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	Three Months Ended December 31, 2015 December 31, 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 $ $ $ $

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	3 Months Ended
	Dec. 31, 2015
COMMITMENTS AND CONTINGENCIES
Summary of notional amount of commitments representing off-balance sheet financial instruments	December 31, September 30, 2015 2015 (In thousands) Commitments to originate residential mortgage loans $ $ Commitments to originate commercial mortgage loans Commitments to originate non-mortgage loans Consumer loans Unused lines of credit - residential Unused lines of credit - commercial Unused lines of credit - consumer

DERIVATIVE FINANCIAL INSTRUME35

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)	3 Months Ended
	Dec. 31, 2015
DERIVATIVE FINANCIAL INSTRUMENTS
Summary of fair values of contracts recorded in consolidated balance sheets	December 31, September 30, 2015 2015 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	Three Months Ended December 31, 2015 2014 Gross gains $ $ Gross losses ) ) Net gain or loss $ $ —

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($)	3 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
EARNINGS PER SHARE
Net income	$ 3,155,527	$ 3,135,323
Weighted average common shares outstanding - basic (in shares)	11,896,508	11,715,120
Effect of dilutive securities:
Treasury stock held in equity trust - unvested shares (in shares)	2,153	190,704
Equivalent shares - employee stock options and awards (in shares)	181,573	157,953
Weighted average common shares outstanding - diluted (in shares)	12,080,234	12,063,777
Earnings per share:
Basic (in dollars per share)	$ 0.27	$ 0.27
Diluted (in dollars per share)	$ 0.26	$ 0.26
Additional disclosures
Anti-dilutive options to purchase common shares excluded from the computations of diluted earnings per share	50,500	217,194

STOCK-BASED COMPENSATION (Detai

STOCK-BASED COMPENSATION (Details) - USD ($)	3 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Summary of stock option program activity
Exercised (in shares)	(3,400)	(42,200)
Restricted Stock
Summary of restricted stock award activity
Nonvested at beginning of year (in shares)	31,546
Granted (in shares)	4,200
Vested (in shares)	(8,421)
Nonvested at end of year (in shares)	27,325
Restricted Stock Awards, Weighted Average Grant-Date Fair Value
Nonvested at beginning of year (in dollars per share)	$ 10.46
Granted (in dollars per share)	14.99
Vested (in dollars per share)	11.34
Nonvested at end of year (in dollars per share)	$ 10.88
Restricted Stock | Minimum
EMPLOYEE BENEFITS
Vesting period	2 years
Restricted Stock | Maximum
EMPLOYEE BENEFITS
Vesting period	5 years
Stock Options
Summary of stock option program activity
Outstanding at beginning of year (in shares)	444,144
Granted (in shares)	0	0
Exercised (in shares)	(3,400)
Expired (in shares)	(10,000)
Outstanding at end of year (in shares)	430,744
Exercisable at end of year (in shares)	430,744
Stock Option Program, Weighted Average Exercise Price
Outstanding at beginning of year (in dollars per share)		$ 11.13
Exercised (in dollars per share)	$ 9.14
Expired (in dollars per share)	17.25
Outstanding at end of year (in dollars per share)	11.01
Exercisable at end of year (in dollars per share)	$ 11.01
Stock Option Program, Aggregate Intrinsic Value
Outstanding at end of year (in dollars)	$ 2,158,839
Exercisable at end of year (in dollars)	$ 2,158,839
Stock Option Program, Weighted Average Remaining Contractual Life
Outstanding at end of year	2 years 3 months 18 days
Exercisable at end of year	2 years 3 months 18 days
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	510,072

STOCK-BASED COMPENSATION (Det38

STOCK-BASED COMPENSATION (Details 2)	Dec. 14, 2015shares	Dec. 10, 2014itemshares	Dec. 31, 2015USD ($)$ / sharesshares	Dec. 31, 2014shares	Sep. 30, 2015USD ($)shares
EMPLOYEE BENEFITS
Unrecognized compensation expense, nonvested stock options | $			$ 0
Unrecognized compensation expense, restricted stock awards | $			216,000
Unrecognized compensation expense, nonvested common share units | $			$ 435,000
Equity Trust Plan
Treasury stock, shares (in shares)			1,219,748		1,259,395
Aggregate value of treasury shares | $			$ 11,862,158		$ 11,981,018
Equity Trust Plan | Key Loan Officers And Sales Staff
EMPLOYEE BENEFITS
Shares vested and distributed			0
Equity Trust Plan
Shares purchased for award			0	0
Distribution of shares to participants			0
Treasury stock, shares (in shares)			95,819
Aggregate value of treasury shares | $			$ 863,000
Shares not yet vested			2,064
Stock Options
EMPLOYEE BENEFITS
Weighted-average period for unrecognized compensation expenses expected to be recognized			0 years
Exercisable at end of year (in dollars per share) | $ / shares			$ 11.01
Stock Options | Minimum
Equity Trust Plan
Vesting period			3 years
Stock Options | Maximum
Equity Trust Plan
Vesting period			5 years
Restricted Stock
EMPLOYEE BENEFITS
Weighted-average period for unrecognized compensation expenses expected to be recognized			2 years
Granted (in shares)			4,200
Shares vested and distributed			8,421
Equity Trust Plan
Distribution of shares to participants			8,421
Shares not yet vested			27,325		31,546
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 6 months
Granted (in shares)		105,000
Vesting (as a percent)		33.00%
Maximum percentage of common share units		150.00%
Shares vested and distributed	46,729
Equity Trust Plan
Vesting period		3 years
Distribution of shares to participants	46,729
Common Share Units | Share-based Compensation Award, Tranche One
Equity Trust Plan
Vesting period		1 year
Common Share Units | Share-based Compensation Award, Tranche Three
Equity Trust Plan
Vesting period		2 years
Common Share Units | Share-based Compensation Award, Tranche Two
Equity Trust Plan
Vesting period		3 years
Common Share Units | Executive Officer
EMPLOYEE BENEFITS
Number of executive officers | item		7
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

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	Dec. 31, 2015	Sep. 30, 2015
INCOME TAXES
Deferred tax assets, net	$ 7,747,434	$ 8,391,617
Valuation allowance	177,000	$ 177,000
Unrecognized tax benefits	138,000
Unrecognized tax benefits affecting effective tax rate if recognized	129,000
Accrued payment of interest and penalties	$ 9,000

DEBT AND MORTGAGE-BACKED SECU40

DEBT AND MORTGAGE-BACKED SECURITIES (Details) - USD ($)	3 Months Ended	12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015
Held to Maturity:
Amortized Cost	$ 42,625,873	$ 42,201,040
Gross Unrealized Gains	100,320	127,039
Gross Unrealized Losses	(90,748)	(8,272)
Fair Value	$ 42,635,445	$ 42,319,807
Weighted average yield at end of period (as a percent)	0.59%	0.55%
Available for Sale:
Amortized Cost	$ 5,296,180	$ 5,321,662
Gross Unrealized Gains	2,385	5,169
Gross Unrealized Losses	(15,581)
Fair Value	$ 5,282,984	$ 5,326,831
Weighted average yield at end of period (as a percent)	0.66%	0.67%
Other-than-temporary impairment, held to maturity securities	$ 0	$ 0
U S Government Sponsored Enterprises Debt Securities
Held to Maturity:
Amortized Cost	40,163,998	39,688,302
Gross Unrealized Gains		9,781
Gross Unrealized Losses	(90,703)	(8,272)
Fair Value	40,073,295	39,689,811
Available for Sale:
Amortized Cost	5,155,075	5,173,663
Gross Unrealized Gains		2,128
Gross Unrealized Losses	(15,581)
Fair Value	5,139,494	5,175,791
Mortgage Backed Securities | Government National Mortgage Association Certificates And Obligations GNMA
Held to Maturity:
Amortized Cost	17,753	22,783
Gross Unrealized Gains	481	630
Gross Unrealized Losses	(1)
Fair Value	18,233	23,413
Available for Sale:
Amortized Cost	141,105	147,999
Gross Unrealized Gains	2,385	3,041
Fair Value	143,490	151,040
Mortgage Backed Securities | Federal National Mortgage Association Certificates And Obligations FNMA
Held to Maturity:
Amortized Cost	2,441,374	2,487,024
Gross Unrealized Gains	99,808	116,593
Gross Unrealized Losses	(44)
Fair Value	2,541,138	2,603,617
Collateralized Mortgage Obligations | Federal Home Loan Mortgage Corporation Certificates And Obligations FHLMC
Held to Maturity:
Amortized Cost	2,748	2,931
Gross Unrealized Gains	31	35
Fair Value	$ 2,779	$ 2,966

DEBT AND MORTGAGE-BACKED SECU41

DEBT AND MORTGAGE-BACKED SECURITIES (Details 2) - USD ($)	3 Months Ended	12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015
Fair Value
Less than 12 months, total	$ 40,308,227
12 months or more, total	4,996,245
Total	45,304,472
Unrealized Losses
Less than 12 months, total	102,901
12 months or more, total	3,428
Total	106,329
Unrealized Losses
Total	15,581
Carrying values of debt and mortgage-backed securities available for sale and held to maturity	40,200,000	$ 44,900,000
U S Government Sponsored Enterprises Debt Securities
Unrealized Losses
Total	15,581
U S Government Sponsored Enterprises Debt Securities | Available-for-sale Securities.
Fair Value
Less than 12 months	5,139,494
Total	5,139,494
Unrealized Losses
Less than 12 months	15,581
Total	15,581
U S Government Sponsored Enterprises Debt Securities | Held-to-maturity Securities.
Fair Value
Less than 12 months	35,077,050	10,088,530
12 months or more	4,996,245	4,998,330
Total	40,073,295	15,086,860
Unrealized Losses
Less than 12 months	87,275	7,180
12 months or more	3,428	1,092
Total	90,703	$ 8,272
Government National Mortgage Association Certificates And Obligations GNMA | Held-to-maturity Securities.
Fair Value
Less than 12 months	1,103
Total	1,103
Unrealized Losses
Less than 12 months	1
Total	1
Federal National Mortgage Association Certificates And Obligations FNMA | Held-to-maturity Securities.
Fair Value
Less than 12 months	90,580
Total	90,580
Unrealized Losses
Less than 12 months	44
Total	$ 44

LOANS RECEIVABLE AND ALLOWANC42

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Details) - USD ($)	Dec. 31, 2015	Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2014
Loans receivable
Loans receivables, gross	$ 1,235,716,643	$ 1,203,344,562
Add (less):
Deferred loan costs	5,292,160	5,243,573
Loans in process	(2,921,382)	(4,419,624)
Allowance for loan losses	(15,852,762)	(15,799,107)	$ (15,926,459)	$ (15,978,421)
Total	$ 1,222,234,659	$ 1,188,369,404
Weighted average interest rate at end of period (as a percent)	3.96%	3.97%
Single-family residential loans
Loans receivable
Loans receivables, gross	$ 437,326,974	$ 430,619,619
Add (less):
Allowance for loan losses	(5,520,212)	(5,869,174)	(7,438,112)	(7,671,441)
Residential first mortgage
Loans receivable
Loans receivables, gross	326,991,303	318,267,276
Residential second mortgage
Loans receivable
Loans receivables, gross	41,147,728	41,822,172
Home equity lines of credit
Loans receivable
Loans receivables, gross	69,187,943	70,530,171
Commercial loan
Loans receivable
Loans receivables, gross	795,147,176	771,073,978
Add (less):
Allowance for loan losses	(10,231,889)	(9,900,981)	$ (8,312,957)	$ (8,084,608)
Owner-occupied
Loans receivable
Loans receivables, gross	155,060,197	147,654,718
Non-owner occupied
Loans receivable
Loans receivables, gross	251,349,197	253,216,014
Land acquisition and development
Loans receivable
Loans receivables, gross	34,941,768	32,584,435
Real estate construction and development
Loans receivable
Loans receivables, gross	85,600,944	79,389,600
Commercial and industrial
Loans receivable
Loans receivables, gross	268,195,070	258,229,211
Consumer and installment
Loans receivable
Loans receivables, gross	$ 3,242,493	$ 1,650,965

LOANS RECEIVABLE AND ALLOWANC43

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Details 2)	3 Months Ended
	Dec. 31, 2015
Single-family residential loans
Loans receivable
Charge-offs recognition period	180 days
Consumer loans
Loans receivable
Charge-offs recognition period	120 days

LOANS RECEIVABLE AND ALLOWANC44

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Details 3)	3 Months Ended		12 Months Ended
	Dec. 31, 2015USD ($)tenantclassfamily	Dec. 31, 2014USD ($)	Sep. 30, 2015USD ($)
Principal Balance
Total	$ 1,235,716,643		$ 1,203,344,562
Look-back period	5 years		3 years
Time period during which the look-back period will increase	2 years
Activity in the allowance for loan losses
Balance at the beginning of the period	$ 15,799,107	$ 15,978,421	$ 15,978,421
Provision charged (credited) to expense	(800,000)	500,000
Charge-offs	536,816	696,624
Recoveries	1,390,471	144,662
Net (recoveries) charge-offs	(853,655)	551,962
Balance at the end of the period	$ 15,852,762	15,926,459	15,799,107
Single-family residential loans
Allowance for loan losses
Number of classes in loans receivable | class	3
Proceeds from Sale of Foreclosed Assets	$ 0
Principal Balance
Total	437,326,974		430,619,619
Activity in the allowance for loan losses
Balance at the beginning of the period	5,869,174	7,671,441	7,671,441
Provision charged (credited) to expense	36,572	260,518
Charge-offs	500,982	604,973
Recoveries	115,448	111,126
Balance at the end of the period	$ 5,520,212	7,438,112	5,869,174
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	$ 326,991,303		318,267,276
Activity in the allowance for loan losses
Charge-offs	107,096	168,719
Recoveries	12,130	3,155
Residential second mortgage
Principal Balance
Total	41,147,728		41,822,172
Activity in the allowance for loan losses
Charge-offs	110,417	152,033
Recoveries	$ 23,801	13,379
Residential second mortgage | Minimum
Allowance for loan losses
Combined loan to value ratio (as a percent)	80.00%
Residential second mortgage | Maximum
Allowance for loan losses
Loan-to-value ratio at the time of origination (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	$ 12,272,000
2,017	17,321,000
2,018	22,069,000
2,019	7,829,000
Thereafter	9,697,000
Total	69,187,943		70,530,171
Activity in the allowance for loan losses
Charge-offs	283,469	284,221
Recoveries	$ 79,517	94,592
Commercial loan
Allowance for loan losses
Number of classes in loans receivable | class	4
Principal Balance
Total	$ 795,147,176		771,073,978
Activity in the allowance for loan losses
Balance at the beginning of the period	9,900,981	8,084,608	8,084,608
Provision charged (credited) to expense	(929,791)	229,599
Charge-offs		28,728
Recoveries	1,260,699	27,478
Balance at the end of the period	10,231,889	8,312,957	9,900,981
Commercial and multi-family real estate
Activity in the allowance for loan losses
Recoveries	$ 94,029	8,980
Commercial and multi-family real estate | Minimum
Principal Balance
Number of tenants per real estate property securing loans receivable | tenant	1
Land acquisition and development
Principal Balance
Total	$ 34,941,768		32,584,435
Activity in the allowance for loan losses
Recoveries		8,000
Land acquisition and development | Maximum
Principal Balance
Period from development completion date to sale	12 months
Real estate construction and development
Principal Balance
Total	$ 85,600,944		79,389,600
Activity in the allowance for loan losses
Recoveries	251,795	3,447
Commercial and industrial
Principal Balance
Total	268,195,070		258,229,211
Activity in the allowance for loan losses
Charge-offs		28,728
Recoveries	914,875	7,051
Consumer and installment
Principal Balance
Total	3,242,493		$ 1,650,965
Activity in the allowance for loan losses
Charge-offs	35,834	62,923
Recoveries	$ 14,324	$ 6,058

LOANS RECEIVABLE AND ALLOWANC45

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Details 4) - USD ($)	3 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Sep. 30, 2015
Changes in the allowance for loan losses by portfolio segment based on impairment method
Balance at the beginning of the period	$ 15,799,107	$ 15,978,421
Provision charged (credited) to expense	(800,000)	500,000
Charge-offs	(536,816)	(696,624)
Recoveries	1,390,471	144,662
Balance at the end of the period	15,852,762	15,926,459
Allowance balance at end of period based on:
Loans individually evaluated for impairment			$ 989,019	$ 1,022,112
Loans collectively evaluated for impairment			14,863,743	14,776,995
Total balance at the end of the period	15,799,107	15,978,421	15,852,762	15,799,107
Recorded investment in loans receivable at end of period:
Total loans receivable			1,238,087,421	1,204,168,511
Loans receivable individually evaluated for impairment			15,445,612	17,696,117
Loans receivable collectively evaluated for impairment			1,222,641,809	1,186,472,394
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	5,869,174	7,671,441
Provision charged (credited) to expense	36,572	260,518
Charge-offs	(500,982)	(604,973)
Recoveries	115,448	111,126
Balance at the end of the period	5,520,212	7,438,112
Allowance balance at end of period based on:
Loans individually evaluated for impairment			877,199	977,140
Loans collectively evaluated for impairment			4,643,013	4,892,034
Total balance at the end of the period	5,869,174	7,671,441	5,520,212	5,869,174
Recorded investment in loans receivable at end of period:
Total loans receivable			441,051,295	434,158,827
Loans receivable individually evaluated for impairment			13,674,206	13,609,898
Loans receivable collectively evaluated for impairment			427,377,089	420,548,929
Commercial loan
Changes in the allowance for loan losses by portfolio segment based on impairment method
Balance at the beginning of the period	9,900,981	8,084,608
Provision charged (credited) to expense	(929,791)	229,599
Charge-offs		(28,728)
Recoveries	1,260,699	27,478
Balance at the end of the period	10,231,889	8,312,957
Allowance balance at end of period based on:
Loans individually evaluated for impairment			111,820	44,972
Loans collectively evaluated for impairment			10,120,069	9,856,009
Total balance at the end of the period	9,900,981	8,084,608	10,231,889	9,900,981
Recorded investment in loans receivable at end of period:
Total loans receivable			793,785,386	768,357,268
Loans receivable individually evaluated for impairment			1,771,406	4,086,219
Loans receivable collectively evaluated for impairment			792,013,980	764,271,049
Consumer loans
Changes in the allowance for loan losses by portfolio segment based on impairment method
Balance at the beginning of the period	21,695	28,797
Provision charged (credited) to expense	49,008	57,009
Charge-offs	(35,834)	(62,923)
Recoveries	14,324	6,058
Balance at the end of the period	49,193	28,941
Allowance balance at end of period based on:
Loans collectively evaluated for impairment			49,193	21,695
Total balance at the end of the period	21,695	28,797	49,193	21,695
Recorded investment in loans receivable at end of period:
Total loans receivable			3,250,740	1,652,416
Loans receivable collectively evaluated for impairment			3,250,740	1,652,416
Unallocated Financing Receivables
Changes in the allowance for loan losses by portfolio segment based on impairment method
Balance at the beginning of the period	7,257	193,575
Provision charged (credited) to expense	44,211	(47,126)
Balance at the end of the period	51,468	146,449
Allowance balance at end of period based on:
Loans collectively evaluated for impairment			51,468	7,257
Total balance at the end of the period	$ 7,257	$ 193,575	$ 51,468	$ 7,257

LOANS RECEIVABLE AND ALLOWANC46

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Details 5) - USD ($)	Dec. 31, 2015	Sep. 30, 2015
Impaired loans
Unpaid Principal Balance Net of Charge-offs	$ 31,223,782	$ 33,185,755
Recorded Investment	31,468,084	33,392,916
Fair Value Measurements Nonrecurring | Fair Value Inputs Level 3
Impaired loans
Unpaid Principal Balance Net of Charge-offs	31,224,000	33,186,000
Fair Value Measurements Nonrecurring | Fair Value Inputs Level 3 | Collateral Fair Value Valuation Technique
Impaired loans
Unpaid Principal Balance Net of Charge-offs	23,205,000	24,018,000
Fair Value Measurements Nonrecurring | Fair Value Inputs Level 3 | Cash Flows Present Value Valuation Technique
Impaired loans
Unpaid Principal Balance Net of Charge-offs	8,019,000	9,168,000
Non Performing Loans
Impaired loans
Unpaid Principal Balance Net of Charge-offs	15,299,536	17,574,475
Recorded Investment	15,445,612	17,696,116
Non Accrual Loans
Impaired loans
Unpaid Principal Balance Net of Charge-offs	5,841,261	5,538,920
Recorded Investment	5,895,278	5,577,568
Troubled Debt Restructurings Current Under Restructured Terms
Impaired loans
Unpaid Principal Balance Net of Charge-offs	7,580,835	9,768,545
Recorded Investment	7,642,660	9,838,465
Troubled Debt Restructurings Past Due Under Restructured Terms
Impaired loans
Unpaid Principal Balance Net of Charge-offs	1,877,440	2,267,010
Recorded Investment	1,907,674	2,280,083
Troubled Debt Restructurings Returned To Accrual Status
Impaired loans
Unpaid Principal Balance Net of Charge-offs	15,924,246	15,611,280
Recorded Investment	$ 16,022,472	$ 15,696,800

LOANS RECEIVABLE AND ALLOWANC47

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Details 6) - USD ($)	3 Months Ended
	Dec. 31, 2015	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014	Sep. 30, 2015
Unpaid Principal Balance, Loans with Partial Charge-offs Recorded
With no related allowance recorded	$ 5,627,283				$ 9,833,635
With an allowance recorded	529,163				390,111
Total	6,156,446				10,223,746
Amount of Partial Charge-Offs, Loans with Partial Charge-offs Recorded
With no related allowance recorded	2,755,452				4,415,526
With an allowance recorded	223,540				102,930
Total	2,978,992				4,518,456
Unpaid Principal Balance Net of Partial Charge-offs, Loans with Partial Charge Offs Recorded
With no related allowance recorded	2,871,831				5,418,109
With an allowance recorded	305,623				287,181
Total	3,177,454				5,705,290
Unpaid Principal Balance, Loans with No Partial Charge-offs Recorded
With no related allowance recorded	25,692,048				24,455,936
With an allowance recorded	2,354,280				3,024,529
Total	28,046,328				27,480,465
Total Unpaid Principal Balance Net of Partial Charge-offs, Loans with Partial Charge-offs Recorded
With no related allowance recorded	28,563,879				29,874,045
With an allowance recorded	2,659,903				3,311,710
Total	31,223,782				33,185,755
Total Recorded Investment Net of Partial Charge-offs
With no related allowance recorded	28,792,293				30,051,572
With an allowance recorded	2,675,791				3,341,344
Total	31,468,084				33,392,916
Related Allowance For Loan Losses	989,019				1,022,112
Interest Income Recognized During Period
With no related allowance recorded	206,969		$ 233,752
Total	206,969		233,752
Charge-offs of non-performing and impaired loans	537,000		697,000
Partial charge-offs of non-performing and impaired loans		$ 72,000		$ 183,000
Remaining principal balance of non-performing and impaired loans for which partial charge-offs were recorded previously	3,200,000				5,700,000
Residential Real Estate
Unpaid Principal Balance, Loans with Partial Charge-offs Recorded
With no related allowance recorded	5,377,726				5,902,363
With an allowance recorded	529,163				390,111
Total	5,906,889				6,292,474
Amount of Partial Charge-Offs, Loans with Partial Charge-offs Recorded
With no related allowance recorded	2,636,087				2,885,878
With an allowance recorded	223,540				102,930
Total	2,859,627				2,988,808
Unpaid Principal Balance Net of Partial Charge-offs, Loans with Partial Charge Offs Recorded
With no related allowance recorded	2,741,639				3,016,485
With an allowance recorded	305,623				287,181
Total	3,047,262				3,303,666
Unpaid Principal Balance, Loans with No Partial Charge-offs Recorded
With no related allowance recorded	20,729,503				19,398,486
With an allowance recorded	2,172,754				2,820,689
Total	22,902,257				22,219,175
Total Unpaid Principal Balance Net of Partial Charge-offs, Loans with Partial Charge-offs Recorded
With no related allowance recorded	23,471,142				22,414,971
With an allowance recorded	2,478,377				3,107,870
Total	25,949,519				25,522,841
Total Recorded Investment Net of Partial Charge-offs
With no related allowance recorded	23,683,615				22,575,684
With an allowance recorded	2,493,633				3,136,597
Total	26,177,248				25,712,281
Related Allowance For Loan Losses	877,199				977,140
Residential first mortgage
Unpaid Principal Balance, Loans with Partial Charge-offs Recorded
With no related allowance recorded	3,936,050				4,350,788
With an allowance recorded	510,730				337,013
Total	4,446,780				4,687,801
Amount of Partial Charge-Offs, Loans with Partial Charge-offs Recorded
With no related allowance recorded	1,900,791				2,101,709
With an allowance recorded	208,678				87,921
Total	2,109,469				2,189,630
Unpaid Principal Balance Net of Partial Charge-offs, Loans with Partial Charge Offs Recorded
With no related allowance recorded	2,035,259				2,249,079
With an allowance recorded	302,052				249,092
Total	2,337,311				2,498,171
Unpaid Principal Balance, Loans with No Partial Charge-offs Recorded
With no related allowance recorded	15,654,425				14,528,332
With an allowance recorded	1,644,271				2,173,816
Total	17,298,696				16,702,148
Total Unpaid Principal Balance Net of Partial Charge-offs, Loans with Partial Charge-offs Recorded
With no related allowance recorded	17,689,684				16,777,411
With an allowance recorded	1,946,323				2,422,908
Total	19,636,007				19,200,319
Total Recorded Investment Net of Partial Charge-offs
With no related allowance recorded	17,875,389				16,912,036
With an allowance recorded	1,960,316				2,449,665
Total	19,835,705				19,361,701
Related Allowance For Loan Losses	550,553				576,849
Average Recorded Investment During Period
With no related allowance recorded	17,393,713		18,651,937
With an allowance recorded	2,204,991		3,600,088
Total	19,598,704		22,252,025
Interest Income Recognized During Period
With no related allowance recorded	128,253		122,946
Total	128,253		122,946
Residential second mortgage
Unpaid Principal Balance, Loans with Partial Charge-offs Recorded
With no related allowance recorded	906,123				893,197
With an allowance recorded	18,433				47,008
Total	924,556				940,205
Amount of Partial Charge-Offs, Loans with Partial Charge-offs Recorded
With no related allowance recorded	541,758				555,172
With an allowance recorded	14,862				14,919
Total	556,620				570,091
Unpaid Principal Balance Net of Partial Charge-offs, Loans with Partial Charge Offs Recorded
With no related allowance recorded	364,365				338,025
With an allowance recorded	3,571				32,089
Total	367,936				370,114
Unpaid Principal Balance, Loans with No Partial Charge-offs Recorded
With no related allowance recorded	2,472,887				2,410,518
With an allowance recorded	247,735				319,185
Total	2,720,622				2,729,703
Total Unpaid Principal Balance Net of Partial Charge-offs, Loans with Partial Charge-offs Recorded
With no related allowance recorded	2,837,252				2,748,543
With an allowance recorded	251,306				351,274
Total	3,088,558				3,099,817
Total Recorded Investment Net of Partial Charge-offs
With no related allowance recorded	2,864,021				2,774,631
With an allowance recorded	252,569				353,244
Total	3,116,590				3,127,875
Related Allowance For Loan Losses	103,815				124,352
Average Recorded Investment During Period
With no related allowance recorded	2,819,326		3,438,054
With an allowance recorded	302,907		493,873
Total	3,122,233		3,931,927
Interest Income Recognized During Period
With no related allowance recorded	18,333		25,906
Total	18,333		25,906
Home equity lines of credit
Unpaid Principal Balance, Loans with Partial Charge-offs Recorded
With no related allowance recorded	535,553				658,378
With an allowance recorded					6,090
Total	535,553				664,468
Amount of Partial Charge-Offs, Loans with Partial Charge-offs Recorded
With no related allowance recorded	193,538				228,997
With an allowance recorded					90
Total	193,538				229,087
Unpaid Principal Balance Net of Partial Charge-offs, Loans with Partial Charge Offs Recorded
With no related allowance recorded	342,015				429,381
With an allowance recorded					6,000
Total	342,015				435,381
Unpaid Principal Balance, Loans with No Partial Charge-offs Recorded
With no related allowance recorded	2,602,191				2,459,636
With an allowance recorded	280,748				327,688
Total	2,882,939				2,787,324
Total Unpaid Principal Balance Net of Partial Charge-offs, Loans with Partial Charge-offs Recorded
With no related allowance recorded	2,944,206				2,889,017
With an allowance recorded	280,748				333,688
Total	3,224,954				3,222,705
Total Recorded Investment Net of Partial Charge-offs
With no related allowance recorded	2,944,205				2,889,017
With an allowance recorded	280,748				333,688
Total	3,224,953				3,222,705
Related Allowance For Loan Losses	222,831				275,939
Average Recorded Investment During Period
With no related allowance recorded	2,916,611		3,051,726
With an allowance recorded	307,218		213,449
Total	3,223,829		3,265,175
Interest Income Recognized During Period
With no related allowance recorded	7,275		7,112
Total	7,275		7,112
Commercial Real Estate
Unpaid Principal Balance, Loans with Partial Charge-offs Recorded
With no related allowance recorded	249,557				3,931,272
Total	249,557				3,931,272
Amount of Partial Charge-Offs, Loans with Partial Charge-offs Recorded
With no related allowance recorded	119,365				1,529,648
Total	119,365				1,529,648
Unpaid Principal Balance Net of Partial Charge-offs, Loans with Partial Charge Offs Recorded
With no related allowance recorded	130,192				2,401,624
Total	130,192				2,401,624
Unpaid Principal Balance, Loans with No Partial Charge-offs Recorded
With no related allowance recorded	4,962,545				5,057,450
With an allowance recorded	181,526				203,840
Total	5,144,071				5,261,290
Total Unpaid Principal Balance Net of Partial Charge-offs, Loans with Partial Charge-offs Recorded
With no related allowance recorded	5,092,737				7,459,074
With an allowance recorded	181,526				203,840
Total	5,274,263				7,662,914
Total Recorded Investment Net of Partial Charge-offs
With no related allowance recorded	5,108,678				7,475,888
With an allowance recorded	182,158				204,747
Total	5,290,836				7,680,635
Related Allowance For Loan Losses	111,820				44,972
Commercial and multi-family real estate
Unpaid Principal Balance, Loans with Partial Charge-offs Recorded
With no related allowance recorded	91,085				3,689,300
Total	91,085				3,689,300
Amount of Partial Charge-Offs, Loans with Partial Charge-offs Recorded
With no related allowance recorded	56,619				1,401,926
Total	56,619				1,401,926
Unpaid Principal Balance Net of Partial Charge-offs, Loans with Partial Charge Offs Recorded
With no related allowance recorded	34,466				2,287,374
Total	34,466				2,287,374
Unpaid Principal Balance, Loans with No Partial Charge-offs Recorded
With no related allowance recorded	4,501,753				4,722,522
With an allowance recorded					15,539
Total	4,501,753				4,738,061
Total Unpaid Principal Balance Net of Partial Charge-offs, Loans with Partial Charge-offs Recorded
With no related allowance recorded	4,536,219				7,009,896
With an allowance recorded					15,539
Total	4,536,219				7,025,435
Total Recorded Investment Net of Partial Charge-offs
With no related allowance recorded	4,549,637				7,025,759
With an allowance recorded					15,814
Total	4,549,637				7,041,573
Related Allowance For Loan Losses					3,539
Average Recorded Investment During Period
With no related allowance recorded	5,787,698		9,126,101
With an allowance recorded	7,907		25,066
Total	5,795,605		9,151,167
Interest Income Recognized During Period
With no related allowance recorded	53,108		77,788
Total	53,108		77,788
Land acquisition and development
Unpaid Principal Balance, Loans with No Partial Charge-offs Recorded
With no related allowance recorded	134,441
Total	134,441
Total Unpaid Principal Balance Net of Partial Charge-offs, Loans with Partial Charge-offs Recorded
With no related allowance recorded	134,441
Total	134,441
Total Recorded Investment Net of Partial Charge-offs
With no related allowance recorded	134,930
Total	134,930
Average Recorded Investment During Period
With no related allowance recorded	67,465		1,905,553
Total	67,465		1,905,553
Real estate construction and development
Unpaid Principal Balance, Loans with Partial Charge-offs Recorded
With no related allowance recorded					77,381
Total					77,381
Amount of Partial Charge-Offs, Loans with Partial Charge-offs Recorded
With no related allowance recorded					64,976
Total					64,976
Unpaid Principal Balance Net of Partial Charge-offs, Loans with Partial Charge Offs Recorded
With no related allowance recorded					12,405
Total					12,405
Total Unpaid Principal Balance Net of Partial Charge-offs, Loans with Partial Charge-offs Recorded
With no related allowance recorded					12,405
Total					12,405
Total Recorded Investment Net of Partial Charge-offs
With no related allowance recorded					11,250
Total					11,250
Average Recorded Investment During Period
With no related allowance recorded	5,625		25,975
Total	5,625		25,975
Commercial and industrial
Unpaid Principal Balance, Loans with Partial Charge-offs Recorded
With no related allowance recorded	158,472				164,591
Total	158,472				164,591
Amount of Partial Charge-Offs, Loans with Partial Charge-offs Recorded
With no related allowance recorded	62,746				62,746
Total	62,746				62,746
Unpaid Principal Balance Net of Partial Charge-offs, Loans with Partial Charge Offs Recorded
With no related allowance recorded	95,726				101,845
Total	95,726				101,845
Unpaid Principal Balance, Loans with No Partial Charge-offs Recorded
With no related allowance recorded	326,351				334,928
With an allowance recorded	181,526				188,301
Total	507,877				523,229
Total Unpaid Principal Balance Net of Partial Charge-offs, Loans with Partial Charge-offs Recorded
With no related allowance recorded	422,077				436,773
With an allowance recorded	181,526				188,301
Total	603,603				625,074
Total Recorded Investment Net of Partial Charge-offs
With no related allowance recorded	424,111				438,879
With an allowance recorded	182,158				188,933
Total	606,269				627,812
Related Allowance For Loan Losses	111,820				$ 41,433
Average Recorded Investment During Period
With no related allowance recorded	431,495		2,353,060
With an allowance recorded	185,546		363,161
Total	$ 617,041		2,716,221
Consumer and installment
Average Recorded Investment During Period
With no related allowance recorded			59,151
Total			$ 59,151

LOANS RECEIVABLE AND ALLOWANC48

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Details 7) - USD ($)	3 Months Ended
	Dec. 31, 2015	Sep. 30, 2015
Delinquent and Non-Accrual Loans
Delinquent borrowers' classification, period past due	30 days
Threshold for loans placed on non-accrual of interest income	90 days
Period of repayment performance for non-accrual loans to return to an accrual status	6 months
Loans receivable past due	$ 8,639,812	$ 8,254,686
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due	8,639,812	8,254,686
Current	1,229,447,609	1,195,913,825
Total loans receivable	1,238,087,421	1,204,168,511
Nonaccrual	15,445,612	17,696,116
30 to 59 Days Past Due
Delinquent and Non-Accrual Loans
Loans receivable past due	3,515,292	4,212,985
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due	3,515,292	4,212,985
60 to 89 Days Past Due
Delinquent and Non-Accrual Loans
Loans receivable past due	538,437	1,570,775
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due	538,437	1,570,775
90 Days or More Past Due
Delinquent and Non-Accrual Loans
Loans receivable past due	4,586,083	2,470,926
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due	4,586,083	2,470,926
Commercial loan
Recorded investment in loans receivable by class that were 30 days or more past due
Total loans receivable	793,785,386	768,357,268
Residential Real Estate
Delinquent and Non-Accrual Loans
Loans receivable past due	7,173,941	7,633,052
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due	7,173,941	7,633,052
Current	433,877,354	426,525,775
Total loans receivable	441,051,295	434,158,827
Nonaccrual	13,674,205	13,609,897
Residential Real Estate | 30 to 59 Days Past Due
Delinquent and Non-Accrual Loans
Loans receivable past due	2,461,512	4,133,685
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due	2,461,512	4,133,685
Residential Real Estate | 60 to 89 Days Past Due
Delinquent and Non-Accrual Loans
Loans receivable past due	538,437	1,559,525
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due	538,437	1,559,525
Residential Real Estate | 90 Days or More Past Due
Delinquent and Non-Accrual Loans
Loans receivable past due	4,173,992	1,939,842
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due	4,173,992	1,939,842
Residential first mortgage
Delinquent and Non-Accrual Loans
Loans receivable past due	4,438,981	4,829,204
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due	4,438,981	4,829,204
Current	325,583,413	316,265,868
Total loans receivable	330,022,394	321,095,072
Nonaccrual	9,534,825	9,496,061
Residential first mortgage | 30 to 59 Days Past Due
Delinquent and Non-Accrual Loans
Loans receivable past due	1,364,496	2,825,620
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due	1,364,496	2,825,620
Residential first mortgage | 60 to 89 Days Past Due
Delinquent and Non-Accrual Loans
Loans receivable past due	263,244	1,011,186
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due	263,244	1,011,186
Residential first mortgage | 90 Days or More Past Due
Delinquent and Non-Accrual Loans
Loans receivable past due	2,811,241	992,398
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due	2,811,241	992,398
Residential second mortgage
Delinquent and Non-Accrual Loans
Loans receivable past due	870,798	817,988
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due	870,798	817,988
Current	40,613,379	41,354,874
Total loans receivable	41,484,177	42,172,862
Nonaccrual	1,623,475	1,608,998
Residential second mortgage | 30 to 59 Days Past Due
Delinquent and Non-Accrual Loans
Loans receivable past due	181,245	225,338
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due	181,245	225,338
Residential second mortgage | 60 to 89 Days Past Due
Delinquent and Non-Accrual Loans
Loans receivable past due	108,885	142,622
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due	108,885	142,622
Residential second mortgage | 90 Days or More Past Due
Delinquent and Non-Accrual Loans
Loans receivable past due	580,668	450,028
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due	580,668	450,028
Home equity lines of credit
Delinquent and Non-Accrual Loans
Loans receivable past due	1,864,162	1,985,860
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due	1,864,162	1,985,860
Current	67,680,562	68,905,033
Total loans receivable	69,544,724	70,890,893
Nonaccrual	2,515,905	2,504,838
Home equity lines of credit | 30 to 59 Days Past Due
Delinquent and Non-Accrual Loans
Loans receivable past due	915,771	1,082,727
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due	915,771	1,082,727
Home equity lines of credit | 60 to 89 Days Past Due
Delinquent and Non-Accrual Loans
Loans receivable past due	166,308	405,717
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due	166,308	405,717
Home equity lines of credit | 90 Days or More Past Due
Delinquent and Non-Accrual Loans
Loans receivable past due	782,083	497,416
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due	782,083	497,416
Commercial Real Estate
Delinquent and Non-Accrual Loans
Loans receivable past due	1,430,203	619,214
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due	1,430,203	619,214
Current	792,355,183	767,738,054
Total loans receivable	793,785,386	768,357,268
Nonaccrual	1,771,407	4,086,219
Commercial Real Estate | 30 to 59 Days Past Due
Delinquent and Non-Accrual Loans
Loans receivable past due	1,018,112	76,880
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due	1,018,112	76,880
Commercial Real Estate | 60 to 89 Days Past Due
Delinquent and Non-Accrual Loans
Loans receivable past due		11,250
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due		11,250
Commercial Real Estate | 90 Days or More Past Due
Delinquent and Non-Accrual Loans
Loans receivable past due	412,091	531,084
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due	412,091	531,084
Commercial and multi-family real estate
Delinquent and Non-Accrual Loans
Loans receivable past due	24,584	306,836
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due	24,584	306,836
Current	407,262,588	401,572,086
Total loans receivable	407,287,172	401,878,922
Nonaccrual	1,030,208	3,447,157
Commercial and multi-family real estate | 30 to 59 Days Past Due
Delinquent and Non-Accrual Loans
Loans receivable past due	24,584	76,880
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due	24,584	76,880
Commercial and multi-family real estate | 90 Days or More Past Due
Delinquent and Non-Accrual Loans
Loans receivable past due		229,956
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due		229,956
Land acquisition and development
Delinquent and Non-Accrual Loans
Loans receivable past due	164,390
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due	164,390
Current	34,850,219	32,672,827
Total loans receivable	35,014,609	32,672,827
Nonaccrual	134,930
Land acquisition and development | 30 to 59 Days Past Due
Delinquent and Non-Accrual Loans
Loans receivable past due	29,460
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due	29,460
Land acquisition and development | 90 Days or More Past Due
Delinquent and Non-Accrual Loans
Loans receivable past due	134,930
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due	134,930
Real estate construction and development
Delinquent and Non-Accrual Loans
Loans receivable past due		11,250
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due		11,250
Current	82,941,030	75,158,136
Total loans receivable	82,941,030	75,169,386
Nonaccrual		11,250
Real estate construction and development | 60 to 89 Days Past Due
Delinquent and Non-Accrual Loans
Loans receivable past due		11,250
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due		11,250
Commercial and industrial
Delinquent and Non-Accrual Loans
Loans receivable past due	1,241,229	301,128
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due	1,241,229	301,128
Current	267,301,346	258,335,005
Total loans receivable	268,542,575	258,636,133
Nonaccrual	606,269	627,812
Commercial and industrial | 30 to 59 Days Past Due
Delinquent and Non-Accrual Loans
Loans receivable past due	964,068
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due	964,068
Commercial and industrial | 90 Days or More Past Due
Delinquent and Non-Accrual Loans
Loans receivable past due	277,161	301,128
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due	277,161	301,128
Consumer and installment
Delinquent and Non-Accrual Loans
Loans receivable past due	35,668	2,420
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due	35,668	2,420
Current	3,215,072	1,649,996
Total loans receivable	3,250,740	1,652,416
Consumer and installment | 30 to 59 Days Past Due
Delinquent and Non-Accrual Loans
Loans receivable past due	35,668	2,420
Recorded investment in loans receivable by class that were 30 days or more past due
Total Past Due	$ 35,668	$ 2,420

LOANS RECEIVABLE AND ALLOWANC49

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Details 8)	3 Months Ended
	Dec. 31, 2015USD ($)grade	Sep. 30, 2015USD ($)
Recorded investment of loan risk ratings by class
Total loans receivables	$ 1,238,087,421	$ 1,204,168,511
Less related specific allowance	(989,019)	(1,022,112)
Total	1,222,234,659	1,188,369,404
Pass
Recorded investment of loan risk ratings by class
Total loans receivables	1,205,426,946	1,166,955,690
Total	1,205,426,946	1,166,955,690
Special Mention
Recorded investment of loan risk ratings by class
Total loans receivables	13,006,209	14,283,671
Total	13,006,209	14,283,671
Substandard
Recorded investment of loan risk ratings by class
Total loans receivables	15,085,914	19,382,936
Less related specific allowance	(582,577)	(527,670)
Total	14,503,337	18,855,266
Doubtful
Recorded investment of loan risk ratings by class
Total loans receivables	4,568,352	3,546,214
Less related specific allowance	(406,442)	(494,442)
Total	4,161,910	3,051,772
Residential Real Estate
Recorded investment of loan risk ratings by class
Total loans receivables	441,051,295	434,158,827
Less related specific allowance	(877,199)	(977,140)
Residential Real Estate | Pass
Recorded investment of loan risk ratings by class
Total loans receivables	426,890,657	420,436,136
Residential Real Estate | Special Mention
Recorded investment of loan risk ratings by class
Total loans receivables	407,583	31,875
Residential Real Estate | Substandard
Recorded investment of loan risk ratings by class
Total loans receivables	9,184,703	10,155,852
Residential Real Estate | Doubtful
Recorded investment of loan risk ratings by class
Total loans receivables	4,568,352	3,534,964
Residential first mortgage
Recorded investment of loan risk ratings by class
Total loans receivables	330,022,394	321,095,072
Less related specific allowance	(550,553)	(576,849)
Residential first mortgage | Pass
Recorded investment of loan risk ratings by class
Total loans receivables	320,170,255	311,599,012
Residential first mortgage | Special Mention
Recorded investment of loan risk ratings by class
Total loans receivables	317,313
Residential first mortgage | Substandard
Recorded investment of loan risk ratings by class
Total loans receivables	6,546,381	7,400,820
Residential first mortgage | Doubtful
Recorded investment of loan risk ratings by class
Total loans receivables	2,988,445	2,095,240
Residential second mortgage
Recorded investment of loan risk ratings by class
Total loans receivables	41,484,177	42,172,862
Less related specific allowance	(103,815)	(124,352)
Residential second mortgage | Pass
Recorded investment of loan risk ratings by class
Total loans receivables	39,819,718	40,563,864
Residential second mortgage | Special Mention
Recorded investment of loan risk ratings by class
Total loans receivables	40,984
Residential second mortgage | Substandard
Recorded investment of loan risk ratings by class
Total loans receivables	1,003,548	1,060,090
Residential second mortgage | Doubtful
Recorded investment of loan risk ratings by class
Total loans receivables	619,927	548,908
Home equity lines of credit
Recorded investment of loan risk ratings by class
Total loans receivables	69,544,724	70,890,893
Less related specific allowance	(222,831)	(275,939)
Home equity lines of credit | Pass
Recorded investment of loan risk ratings by class
Total loans receivables	66,900,684	68,273,260
Home equity lines of credit | Special Mention
Recorded investment of loan risk ratings by class
Total loans receivables	49,286	31,875
Home equity lines of credit | Substandard
Recorded investment of loan risk ratings by class
Total loans receivables	1,634,774	1,694,942
Home equity lines of credit | Doubtful
Recorded investment of loan risk ratings by class
Total loans receivables	$ 959,980	890,816
Commercial Real Estate
Recorded investment of loan risk ratings by class
Number of risk gradings internal rating system | grade	5
Number of risk gradings in internal rating system of financing receivables assigned to a loan | grade	1
Total loans receivables	$ 793,785,386	768,357,268
Less related specific allowance	(111,820)	(44,972)
Commercial Real Estate | Pass
Recorded investment of loan risk ratings by class
Total loans receivables	775,285,549	744,867,138
Commercial Real Estate | Special Mention
Recorded investment of loan risk ratings by class
Total loans receivables	12,598,626	14,251,796
Commercial Real Estate | Substandard
Recorded investment of loan risk ratings by class
Total loans receivables	5,901,211	9,227,084
Commercial Real Estate | Doubtful
Recorded investment of loan risk ratings by class
Total loans receivables		11,250
Commercial and multi-family real estate
Recorded investment of loan risk ratings by class
Total loans receivables	407,287,172	401,878,922
Less related specific allowance		(3,539)
Commercial and multi-family real estate | Pass
Recorded investment of loan risk ratings by class
Total loans receivables	397,787,285	389,876,016
Commercial and multi-family real estate | Special Mention
Recorded investment of loan risk ratings by class
Total loans receivables	5,315,903	5,409,528
Commercial and multi-family real estate | Substandard
Recorded investment of loan risk ratings by class
Total loans receivables	4,183,984	6,593,378
Land acquisition and development
Recorded investment of loan risk ratings by class
Total loans receivables	35,014,609	32,672,827
Land acquisition and development | Pass
Recorded investment of loan risk ratings by class
Total loans receivables	34,830,016	31,693,551
Land acquisition and development | Substandard
Recorded investment of loan risk ratings by class
Total loans receivables	184,593	979,276
Real estate construction and development
Recorded investment of loan risk ratings by class
Total loans receivables	82,941,030	75,169,386
Real estate construction and development | Pass
Recorded investment of loan risk ratings by class
Total loans receivables	82,941,030	75,158,136
Real estate construction and development | Doubtful
Recorded investment of loan risk ratings by class
Total loans receivables		11,250
Commercial and industrial
Recorded investment of loan risk ratings by class
Total loans receivables	268,542,575	258,636,133
Less related specific allowance	(111,820)	(41,433)
Commercial and industrial | Pass
Recorded investment of loan risk ratings by class
Total loans receivables	259,727,218	248,139,435
Commercial and industrial | Special Mention
Recorded investment of loan risk ratings by class
Total loans receivables	7,282,723	8,842,268
Commercial and industrial | Substandard
Recorded investment of loan risk ratings by class
Total loans receivables	1,532,634	1,654,430
Consumer and installment
Recorded investment of loan risk ratings by class
Total loans receivables	3,250,740	1,652,416
Consumer and installment | Pass
Recorded investment of loan risk ratings by class
Total loans receivables	$ 3,250,740	$ 1,652,416

LOANS RECEIVABLE AND ALLOWANC50

LOANS RECEIVABLE AND ALLOWANCE FOR LOAN LOSSES (Details 9) - USD ($)	3 Months Ended		12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Sep. 30, 2015
Troubled Debt Restructurings
Unpaid Principal Balance Net of Charge-offs	$ 25,382,521		$ 27,646,835
Recorded Investment	25,572,806		27,815,348
Total Restructured During The Period	843,877	$ 654,722
Restructured During Preceding Twelve Months and Defaulted During The Period	$ 83,363	185,328
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
Amount of additional funds (undisbursed) committed to borrowers who were included in troubled debt restructured status	$ 4,000		4,000
Gross amount of interest that would have been recognized under the original terms of renegotiated loans	444,000	486,000
Actual amount of interest income recognized under the restructured terms	211,000	212,000
(Provisions), credit to provisions, for losses related to restructured loans	(962,000)		234,000
Specific reserves related to troubled debt restructurings	591,000		550,000
Single-family residential loans
Troubled Debt Restructurings
Total Restructured During The Period	614,834	654,722
Restructured During Preceding Twelve Months and Defaulted During The Period	83,363	$ 185,328
Commercial loan
Troubled Debt Restructurings
Total Restructured During The Period	229,043
Non Performing Loans
Troubled Debt Restructurings
Unpaid Principal Balance Net of Charge-offs	9,458,275		12,035,555
Recorded Investment	9,550,334		12,118,548
Troubled Debt Restructurings Current Under Restructured Terms
Troubled Debt Restructurings
Unpaid Principal Balance Net of Charge-offs	7,580,835		9,768,545
Recorded Investment	7,642,660		9,838,465
Troubled Debt Restructurings Past Due Under Restructured Terms
Troubled Debt Restructurings
Unpaid Principal Balance Net of Charge-offs	1,877,440		2,267,010
Recorded Investment	1,907,674		2,280,083
Troubled Debt Restructurings Returned To Accrual Status
Troubled Debt Restructurings
Unpaid Principal Balance Net of Charge-offs	15,924,246		15,611,280
Recorded Investment	$ 16,022,472		$ 15,696,800

DEPOSITS (Details)

DEPOSITS (Details) - USD ($)	Dec. 31, 2015	Sep. 30, 2015
Amount, Demand deposits:
Non-interest-bearing checking	$ 240,033,790	$ 203,551,218
Interest-bearing checking	231,199,817	225,966,738
Savings accounts	44,670,799	43,938,003
Money market	228,273,628	228,678,665
Total demand deposits	744,178,034	702,134,624
Amount, certificates of deposit:
Traditional	339,677,597	323,593,352
CDARS	100,386,314	82,106,105
Brokered	29,977,556	29,970,657
Total certificates of deposit	470,041,467	435,670,114
Total deposits	$ 1,214,219,501	$ 1,137,804,738
Weighted Average Interest Rate, Demand deposits:
Interest-bearing checking (as a percent)	0.11%	0.11%
Savings accounts (as a percent)	0.12%	0.12%
Money market (as a percent)	0.30%	0.31%
Total demand deposits (as a percent)	0.13%	0.14%
Weighted Average Interest Rate, certificates of deposit:
Traditional (as a percent)	0.92%	0.88%
Brokered (as a percent)	0.74%	0.59%
CDARS (as a percent)	0.60%	0.50%
Certificates of deposit (as a percent)	0.84%	0.79%
Total deposits (as a percent)	0.41%	0.39%
Letters of Credit
Weighted Average Interest Rate, certificates of deposit:
Total letters of credit issued	$ 67,800,000	$ 49,000,000
Maximum
Weighted Average Interest Rate, certificates of deposit:
FDIC insurance	$ 50,000,000

BORROWED MONEY (Details)

BORROWED MONEY (Details)	1 Months Ended	3 Months Ended
	Jan. 31, 2014USD ($)	Dec. 31, 2015USD ($)	Sep. 30, 2015USD ($)	Dec. 31, 2014USD ($)
Borrowed money
Amount of preferred stock repurchased from private investors	$ 10,000,000
Principal payments
2,016		$ 1,125,000
2,017		1,500,000
2,018		1,500,000
2,019		1,687,500
Thereafter		2,187,500
Total		8,000,000
Maturing within the year ending September 30, Amount
2,016		218,000,000	$ 166,500,000
Thereafter		4,000,000	4,000,000
Total FHLB advances		222,000,000	170,500,000
Retail repurchase agreements		39,600,038	41,103,652
Term loan		8,000,000	8,250,000
Total borrowed money		$ 269,600,038	$ 219,853,652
Maturing within the year ending September 30, Weighted Average Interest Rate
2016 (as a percent)		0.34%
2016 (as a percent)			0.28%
Thereafter (as a percent)		5.48%	5.48%
Total FHLB advances (as a percent)		0.43%	0.40%
Retail repurchase agreement (as a percent)		0.21%	0.17%
Term loan (as a percent)		2.74%	2.70%
Total amount borrowed (as a percent)		0.46%	0.44%
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		$ 40,200,000	$ 44,900,000
Loan Agreement With First Bank
Borrowed money
Variable rate basis	LIBOR
Interest rate added to variable rate basis (as a percent)	2.50%
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 ($)	Dec. 31, 2015	Sep. 30, 2015
BORROWINGS FROM THE FEDERAL RESERVE BANK
Ability to borrow funds equal to percentage of total assets	35.00%
FHLB advances outstanding	$ 222,000,000	$ 170,500,000
Additional borrowing capacity available under the arrangement	111,600,000
Federal Reserve Bank Advances
BORROWINGS FROM THE FEDERAL RESERVE BANK
Outstanding borrowings	0
Additional borrowing capacity available	152,300,000
Federal Reserve Bank Advances | Commercial loan
BORROWINGS FROM THE FEDERAL RESERVE BANK
Loans assigned as collateral	$ 214,300,000

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details) - USD ($)	3 Months Ended		12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Sep. 30, 2015
Real Estate Acquired in Settlement of Loans
Charge-offs to allowance for loan losses at the time of foreclosure	$ 26,000	$ 88,000
Charge-offs to allowance for loan losses at the time of foreclosure as a percentage of principal balance	30.00%	2.00%
Impairment losses related to goodwill	$ 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 (Deta55

FAIR VALUE MEASUREMENTS (Details 2) - USD ($) $ in Thousands	Dec. 31, 2015	Sep. 30, 2015
Fair Value Inputs Level 2
Assets:
Debt and mortgage-backed securities available for sale	$ 5,283	$ 5,327
Derivative financial assets	3,294	2,267
Liabilities:
Derivative financial liabilities	4,138	4,188
Fair Value Measurements Recurring
Assets:
Debt and mortgage-backed securities available for sale	5,283	5,327
Loans held for sale	189,669	112,651
Derivative financial assets	3,294	2,267
Total assets	198,246	120,245
Liabilities:
Derivative financial liabilities	4,138	4,188
Total liabilities	4,138	4,188
Fair Value Measurements Recurring | Fair Value Inputs Level 2
Assets:
Debt and mortgage-backed securities available for sale	5,283	5,327
Loans held for sale	189,669	112,651
Derivative financial assets	3,294	2,267
Total assets	198,246	120,245
Liabilities:
Derivative financial liabilities	4,138	4,188
Total liabilities	$ 4,138	$ 4,188

FAIR VALUE MEASUREMENTS (Deta56

FAIR VALUE MEASUREMENTS (Details 3) - USD ($)	3 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Sep. 30, 2015
Assets:
Real estate acquired in settlement of loans	$ 4,754,892		$ 5,150,663
Amount of transfers between levels within the fair value hierarchy	0	$ 0
Fair Value Measurements Nonrecurring
Assets:
Impaired loans, net	1,671,000		2,290,000
Real estate acquired in settlement of loans	4,755,000		5,151,000
Total assets	6,426,000		7,441,000
Fair Value Measurements Nonrecurring | Fair Value Inputs Level 3
Assets:
Impaired loans, net	1,671,000		2,290,000
Real estate acquired in settlement of loans	4,755,000		5,151,000
Total assets	6,426,000		$ 7,441,000
Fair Value Measurements Nonrecurring | Total (Gains)/Losses Recognized
Assets:
Impaired loans, net	(610,000)	709,000
Real estate acquired in settlement of loans	94,000	192,000
Total assets	$ (516,000)	$ 901,000

DISCLOSURES ABOUT FAIR VALUE 57

DISCLOSURES ABOUT FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) - USD ($)	Dec. 31, 2015	Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2014
ASSETS:
Cash and cash equivalents	$ 88,510,272	$ 79,783,726	$ 72,953,245	$ 81,549,093
Debt and mortgage-backed securities - HTM	42,635,445	42,319,807
Accrued interest receivable	3,181,479	3,151,019
LIABILITIES:
Borrowed money	222,000,000	170,500,000
Accrued interest payable	510,727	488,647
Fair Value Inputs Level 1
ASSETS:
Cash and cash equivalents	88,510,000	79,784,000
Accrued interest receivable	3,181,000	3,151,000
Fair Value Inputs Level 2
ASSETS:
Debt and mortgage-backed securities - AFS	5,283,000	5,327,000
Capital stock of Federal Home Loan Bank and Federal Reserve Bank	13,216,000	11,156,000
Debt and mortgage-backed securities - HTM	42,635,000	42,320,000
Loans held for sale	189,669,000	112,651,000
Derivative financial assets	3,294,000	2,267,000
LIABILITIES:
Borrowed money	270,118,000	220,480,000
Subordinated debentures	19,582,000	19,583,000
Accrued interest payable	511,000	489,000
Derivative financial liabilities	4,138,000	4,188,000
Fair Value Inputs Level 2 | Demand Deposits
LIABILITIES:
Deposit transaction accounts	744,178,000	702,135,000
Fair Value Inputs Level 2 | Certificates Of Deposit
LIABILITIES:
Deposit transaction accounts	470,339,000	436,923,000
Fair Value Inputs Level 3
ASSETS:
Loans receivable	1,235,483,000	1,205,987,000
Carrying Value
ASSETS:
Cash and cash equivalents	88,510,000	79,784,000
Debt and mortgage-backed securities - AFS	5,283,000	5,327,000
Capital stock of Federal Home Loan Bank and Federal Reserve Bank	13,216,000	11,156,000
Debt and mortgage-backed securities - HTM	42,626,000	42,201,000
Loans held for sale	189,669,000	112,651,000
Loans receivable	1,222,235,000	1,188,369,000
Accrued interest receivable	3,181,000	3,151,000
Derivative financial assets	3,294,000	2,267,000
LIABILITIES:
Borrowed money	269,600,000	219,854,000
Subordinated debentures	19,589,000	19,589,000
Accrued interest payable	511,000	489,000
Derivative financial liabilities	4,138,000	4,188,000
Carrying Value | Demand Deposits
LIABILITIES:
Deposit transaction accounts	744,178,000	702,135,000
Carrying Value | Certificates Of Deposit
LIABILITIES:
Deposit transaction accounts	$ 470,041,000	$ 435,670,000

LIABILITY FOR LOANS SOLD (Detai

LIABILITY FOR LOANS SOLD (Details) - USD ($)	3 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Sep. 30, 2015
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	$ 429,000,000		$ 565,000,000
Resolved By Payments To Reimburse Investors For Losses Incurred
Principal balance of mortgage loan repurchase demands on loans previously sold
Received during period	362,000
Changes in the liability for loans sold
Losses incurred to resolve demands	1,067
Obligation To Repurchase Receivables Sold
Liability for loans sold
Principal balance of loans sold	1,900,000
Principal balance of mortgage loan repurchase demands on loans previously sold
Received during period	3,266,000	$ 2,725,000
Resolved during period	3,522,000	4,093,000
Unresolved at end of period	4,230,000	5,417,000
Changes in the liability for loans sold
Balance at beginning of period	1,629,646	1,440,641
Provisions charged to expense	370,976	73,405
Losses incurred to resolve demands	87,799	73,254
Balance at end of period	1,912,823	1,440,792
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	2,773,000	3,250,000
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	387,000	843,000
Changes in the liability for loans sold
Losses incurred to resolve demands	6,867	55,699
Obligation To Repurchase Receivables Sold | Payments Due Upon Early Payoff Of Loans Previously Sold
Changes in the liability for loans sold
Losses incurred to resolve demands	$ 79,865	$ 17,555

COMMITMENTS AND CONTINGENCIES59

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Sep. 30, 2015
Loan Origination Commitments | Single-family residential loans
COMMITMENTS AND CONTINGENCIES
Notional amount of commitments	$ 236,719	$ 164,987
Loan Origination Commitments | Commercial Real Estate
COMMITMENTS AND CONTINGENCIES
Notional amount of commitments	17,358	4,782
Loan Origination Commitments | Non Mortgage Loans
COMMITMENTS AND CONTINGENCIES
Notional amount of commitments	13,852	10,144
Loan Origination Commitments | Consumer loans
COMMITMENTS AND CONTINGENCIES
Notional amount of commitments	1,800	2,000
Unused Lines Of Credit | Single-family residential loans
COMMITMENTS AND CONTINGENCIES
Notional amount of commitments	40,624	45,016
Unused Lines Of Credit | Commercial Real Estate
COMMITMENTS AND CONTINGENCIES
Notional amount of commitments	161,792	173,771
Unused Lines Of Credit | Consumer loans
COMMITMENTS AND CONTINGENCIES
Notional amount of commitments	$ 2,237	$ 127

DERIVATIVE FINANCIAL INSTRUME60

DERIVATIVE FINANCIAL INSTRUMENTS (Details) $ in Millions	Dec. 31, 2015USD ($)	Sep. 30, 2015USD ($)	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	$ 208.3	$ 204.4
Forward Sales Commitments
DERIVATIVE FINANCIAL INSTRUMENTS
Notional amount	$ 387.2	$ 311.3

DERIVATIVE FINANCIAL INSTRUME61

DERIVATIVE FINANCIAL INSTRUMENTS (Details 2) - Nondesignated - Interest Rate Swap - USD ($)	Dec. 31, 2015	Sep. 30, 2015
Fair values of the contracts
Fair value recorded in other assets	$ 3,294,000	$ 2,267,000
Fair value recorded in other liabilities	$ 4,138,000	$ 4,188,000

DERIVATIVE FINANCIAL INSTRUME62

DERIVATIVE FINANCIAL INSTRUMENTS (Details 3) - USD ($)	3 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Gross gains and losses on contracts recorded in non-interest expense in consolidated statement of income and comprehensive income
Gross gains	$ 316,000
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	4,454,000	$ 331,000
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	$ (4,138,000)	$ (331,000)

GOODWILL (Details)

GOODWILL (Details) - USD ($)	3 Months Ended	12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015
GOODWILL
Goodwill	$ 3,938,524	$ 3,938,524
Impairment losses related to goodwill	$ 0	$ 0

CUSTOMER FRAUD LOSS (Details)

CUSTOMER FRAUD LOSS (Details)	3 Months Ended		12 Months Ended
	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2014customer	Sep. 30, 2013USD ($)
CUSTOMER FRAUD LOSS
Charge-off of unsecured amount	$ 536,816	$ 696,624
Recovery received from insurance carrier, recorded as other noninterest income		688,000	$ 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		$ 28,728
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

PROPOSED MERGER (Details)

PROPOSED MERGER (Details)	Dec. 03, 2015	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Mar. 31, 2016USD ($)
Business Acquisition [Line Items]
Merger-related professional expenses		$ 1,004,377	$ 497,349
Merger Agreement
Business Acquisition [Line Items]
Number of First Busey common stock received upon conversion (in shares)	0.79
Merger-related professional expenses		$ 666,000
Forecast | Merger Agreement
Business Acquisition [Line Items]
Potential termination fee				$ 9,000,000
Merger-related professional expenses				$ 2,700,000