Citizens Community Bancorp (CZWI) 10-Q 13 May 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Mar. 31, 2016	May. 13, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	Citizens Community Bancorp Inc.
Entity Central Index Key	1,367,859
Document Type	10-Q
Document Period End Date	Mar. 31, 2016
Amendment Flag	false
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--09-30
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		5,245,181

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2016	Sep. 30, 2015
Assets
Cash and cash equivalents	$ 22,012	$ 23,872
Other interest-bearing deposits	2,992	2,992
Investment securities (available for sale securities at fair value of $86,114 and $79,921, and held to maturity securities at cost of $7,427 and $8,012 at March 31, 2016 and September 30, 2015, respectively)	93,541	87,933
Non-marketable equity securities, at cost	4,626	4,626
Loans receivable	466,492	450,510
Allowance for loan losses	(6,303)	(6,496)
Loans receivable, net	460,189	444,014
Office properties and equipment, net	2,834	2,669
Accrued interest receivable	1,725	1,574
Intangible assets	341	104
Goodwill	435	0
Foreclosed and repossessed assets, net	832	902
Other assets	12,273	11,462
TOTAL ASSETS	601,800	580,148
Liabilities:
Deposits	473,833	456,298
Federal Home Loan Bank advances	61,474	58,891
Other liabilities	4,422	4,424
Total liabilities	539,729	519,613
Stockholders’ equity:
Common stock— $0.01 par value, authorized 30,000,000, 5,245,181 and 5,232,579 shares issued and outstanding, respectively	52	52
Additional paid-in capital	54,825	54,740
Retained earnings	7,177	6,245
Unearned deferred compensation	(235)	(288)
Accumulated other comprehensive income (loss)	252	(214)
Total stockholders’ equity	62,071	60,535
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 601,800	$ 580,148

Consolidated Balance Sheets (U3

Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2016	Sep. 30, 2015
Statement of Financial Position [Abstract]
Estimated Fair Value	$ 86,114	$ 79,921
Held-to-maturity Securities, Amortized Cost before Other than Temporary Impairment	$ 7,427	$ 8,012
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized (in shares)	30,000,000	30,000,000
Common stock, issued (in shares)	5,245,181	5,232,579
Common stock, outstanding (in shares)	5,245,181	5,232,579

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Interest and dividend income:
Interest and fees on loans	$ 5,301	$ 5,375	$ 10,551	$ 10,971
Interest on investments	441	317	865	681
Total interest and dividend income	5,742	5,692	11,416	11,652
Interest expense:
Interest on deposits	951	946	1,907	1,898
Interest on borrowed funds	164	161	329	328
Total interest expense	1,115	1,107	2,236	2,226
Net interest income before provision for loan losses	4,627	4,585	9,180	9,426
Provision for loan losses	0	150	75	385
Net interest income after provision for loan losses	4,627	4,435	9,105	9,041
Non-interest income:
Net gains on available for sale securities	4	45	4	47
Service charges on deposit accounts	331	378	754	850
Loan fees and service charges	263	292	584	647
Other	212	209	418	414
Total non-interest income	810	924	1,760	1,958
Non-interest expense:
Salaries and related benefits	2,188	2,178	4,406	4,353
Occupancy	712	664	1,281	1,484
Office	262	252	514	508
Data processing	420	395	829	784
Amortization of core deposit intangible	21	14	35	28
Advertising, marketing and public relations	145	186	282	284
FDIC premium assessment	84	104	169	208
Professional services	241	270	392	589
Other	294	358	553	675
Total non-interest expense	4,367	4,421	8,461	8,913
Income before provision for income taxes	1,070	938	2,404	2,086
Provision for income taxes	369	342	843	775
Net income attributable to common stockholders	$ 701	$ 596	$ 1,561	$ 1,311
Per share information:
Basic earnings (in dollars per share)	$ 0.13	$ 0.11	$ 0.30	$ 0.25
Diluted earnings (in dollars per share)	0.13	0.11	0.30	0.25
Cash dividends paid (in dollars per share)	$ 0.12	$ 0.08	$ 0.12	$ 0.08

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Statement of Comprehensive Income [Abstract]
Net income attributable to common stockholders	$ 1,561	$ 1,311
Securities available for sale
Net unrealized gains arising during period	498	615
Reclassification adjustment for gains included in net income	3	28
Unrealized gains on securities	501	643
Defined benefit plans:
Amortization of unrecognized prior service costs and net gains	(35)	0
Total other comprehensive income, net of tax	466	643
Comprehensive income	$ 2,027	$ 1,954

Consolidated Statements of Com6

Consolidated Statements of Comprehensive Income (Unaudited) - Reclassifications Out of Accumulated Other Comprehensive Income $ in Thousands	6 Months Ended
	Mar. 31, 2016USD ($)
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Provision for income taxes	$ (843)
Net income attributable to common stockholders	1,561
Accumulated Net Unrealized Investment Gain (Loss) [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member]
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Net gain on sale of available for sale securities	4	[1]
Provision for income taxes	(2)	[1]
Net income attributable to common stockholders	$ 2	[1]
[1]	Amounts in parentheses indicate decreases to profit/loss.

Consolidated Statement of Chang

Consolidated Statement of Changes in Stockholders' Equity (Unaudited) - 6 months ended Mar. 31, 2016 - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Retained Earnings	Unearned Deferred Compensation	Accumulated Other Comprehensive Income (Loss)
Beginning balance at Sep. 30, 2015	$ 60,535	$ 52	$ 54,740	$ 6,245	$ (288)	$ (214)
Beginning balance (in shares) at Sep. 30, 2015		5,232,579
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income	1,561			1,561
Other comprehensive income, net of tax	466					466
Surrender of restricted shares of commons stock (in shares)		(4,670)
Surrender of restricted shares of common stock	$ (42)		(42)
Common stock options exercised (in shares)	17,272	17,272
Common stock options exercised	$ 95		95
Stock option expense	32		32
Amortization of restricted stock	53				53
Cash dividends ($0.12 per share)	(629)			(629)
Ending balance (in shares) at Mar. 31, 2016		5,245,181
Ending balance at Mar. 31, 2016	$ 62,071	$ 52	$ 54,825	$ 7,177	$ (235)	$ 252

Consolidated Statement of Chan8

Consolidated Statement of Changes in Stockholders' Equity (Unaudited) (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Statement of Stockholders' Equity [Abstract]
Dividends, Common Stock (dollars per share)	$ 0.12	$ 0.08	$ 0.12	$ 0.08

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash flows from operating activities:
Net income attributable to common stockholders	$ 1,561	$ 1,311
Adjustments to reconcile net income to net cash provided by operating activities:
Net amortization of premium/discount on securities	620	428
Depreciation	390	704
Provision for loan losses	75	385
Net realized gain on sale of securities	(4)	(47)
Amortization of core deposit intangible	35	28
Amortization of restricted stock	53	44
Stock based compensation expense	32	28
Loss on sale of office properties	0	0
Provision (benefit) for deferred income taxes	280	(168)
Net gains from disposals of foreclosed properties	(79)	(39)
Provision for valuation allowance on foreclosed properties	0	34
Increase in accrued interest receivable and other assets	(1,534)	(222)
(Decrease) increase in other liabilities	(21)	325
Total adjustments	(153)	1,500
Net cash provided by operating activities	1,408	2,811
Cash flows from investing activities:
Purchase of investment securities	(14,404)	(17,079)
Net increase in interest-bearing deposits	0	(1,250)
Proceeds from sale of securities available for sale	3,725	22,065
Principal payments on investment securities	5,289	3,634
Proceeds from sale of Federal Reserve Bank (FRB) Stock	0	239
Proceeds from sale of foreclosed properties	610	759
Net (increase) decrease in loans	(348)	15,778
Net capital expenditures	(518)	(91)
Net cash received from branch acquisition	10,001	0
Net cash received from sale of office properties	0	8
Net cash provided by investing activities	4,355	24,063
Cash flows from financing activities:
Net increase (decrease) in Federal Home Loan Bank advances	2,583	(8,000)
Net (decrease) increase in deposits	(9,596)	5,720
Surrender of restricted shares of common stock	(42)	(29)
Exercise of common stock options	95	299
Termination of director retirement plan/supplemental executive retirement plan	(34)	0
Cash dividends paid	(629)	(419)
Net cash used in financing activities	(7,623)	(2,429)
Net (decrease) increase in cash and cash equivalents	(1,860)	24,445
Cash and cash equivalents at beginning of period	23,872	11,434
Cash and cash equivalents at end of period	22,012	35,879
Cash paid during the period for:
Interest on deposits	1,887	1,896
Interest on borrowings	327	330
Income taxes	1,123	720
Supplemental noncash disclosure:
Transfers from loans receivable to foreclosed and repossessed assets	$ 461	$ 755

Nature of Business and Summary

Nature of Business and Summary of Significant Accounting Policies	6 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NATURE OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The accompanying consolidated financial statements include the accounts of Citizens Community Bancorp, Inc. (the “Company”) and its wholly owned subsidiary, Citizens Community Federal N.A. (the "Bank"), and have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial statements. As used in this quarterly report, the terms “we”, “us”, “our”, and “Citizens Community Bancorp, Inc.” mean the Company and its wholly owned subsidiary, the Bank, unless the context indicates other meaning. On April 16, 2014, the U.S. Office of the Comptroller of the Currency (the "OCC"), the primary federal regulator for the Company and the Bank, provided written notice to the Bank of the OCC's approval for the Bank to convert to a national banking association (a "National Bank") and operate under the title of Citizens Community Federal National Association ("Citizens Community Federal N.A."). The consummation of the conversion to a National Bank was effective as of May 31, 2014. On April 18, 2014, Citizens Community Bancorp, Inc. received written notice from the Federal Reserve Bank of Minneapolis (the "FRB") notifying the Company of the FRB's approval of the Company becoming a bank holding company as a result of the proposed conversion of the Bank from a federally-chartered savings bank to a National Bank, which approval was also effective as of May 31, 2014. The consolidated income of the Company is principally derived from the income of the Bank, the Company’s wholly owned subsidiary. The Bank originates residential, commercial, agricultural, consumer and commercial and industrial (C&I) loans and accepts deposits from customers, primarily in Wisconsin, Minnesota and Michigan. The Bank operates 16 full-service offices, eight stand-alone locations and 8 branches predominantly located inside Walmart Supercenters. The Bank is subject to competition from other financial institutions and non-financial institutions providing financial products. Additionally, the Bank is subject to the regulations of certain regulatory agencies and undergoes periodic examination by those regulatory agencies. In preparing these consolidated financial statements, we evaluated the events and transactions that occurred through May 13, 2016 , the date on which the financial statements were available to be issued. As of May 13, 2016 , there were no subsequent events which required recognition or disclosure. On February 10, 2016, the Bank entered into a Plan and Agreement of Merger (the “Agreement”) by and among Old Murry Bancorp, Inc., a Wisconsin Corporation ("Old Murray") and Community Bank of Northern Wisconsin ("CBN"), a Wisconsin State Bank with its headquarters located in Rice Lake, Wisconsin (the "Merger"). All of CBN's outstanding shares of stock are owned by Old Murry. Pursuant to the Agreement, the Bank will acquire all of the assets and liabilities of CBN. The purchase price to be paid for the net assets of CBN is expected to be funded by a combination of cash and newly issued debt of the Company. On April 22, 2016, the OCC approved the proposal for the merger of CBN with and into the Bank. The Merger is expected to close on May 16, 2016. The accompanying consolidated interim financial statements are unaudited. However, in the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Unless otherwise stated herein, and except for shares and per share amounts, all amounts are in thousands. Principles of Consolidation – The accompanying consolidated financial statements include the accounts of the Company and the Bank. All significant intercompany accounts and transactions have been eliminated. Use of Estimates – Preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying disclosures. These estimates are based on management’s best knowledge of current events and actions the Company may undertake in the future. Estimates are used in accounting for, among other items, fair value of financial instruments, the allowance for loan losses, valuation of acquired intangible assets, useful lives for depreciation and amortization, indefinite-lived intangible assets and long-lived assets, deferred tax assets, uncertain income tax positions and contingencies. Management does not anticipate any material changes to estimates made herein in the near term. Factors that may cause sensitivity to the aforementioned estimates include, but are not limited to, external market factors such as market interest rates and unemployment rates, changes to operating policies and procedures, and changes in applicable banking regulations. Actual results may ultimately differ from estimates, although management does not generally believe such differences would materially affect the consolidated financial statements in any individual reporting period. Investment Securities; Held to Maturity and Available for Sale – Management determines the appropriate classification of investment securities at the time of purchase and reevaluates such designation as of the date of each balance sheet. Securities are classified as held to maturity when the Company has the positive intent and ability to hold the securities to maturity. Held to maturity securities are stated at amortized cost. Investment securities not classified as held to maturity are classified as available for sale. Available for sale securities are stated at fair value, with unrealized holding gains and losses deemed other than temporarily impaired due to non-credit issues being reported in other comprehensive income (loss), net of tax. Unrealized losses deemed other-than-temporary due to credit issues are reported in the Company’s net income in the period in which the losses arise. Interest income includes amortization of purchase premium or accretion of purchase discount. Amortization of premiums and accretion of discounts are recognized in interest income using the interest method over the estimated lives of the underlying securities. The Company evaluates securities for other-than-temporary impairment at least on a quarterly basis, and more frequently when economic or market concerns warrant such evaluation. As part of such monitoring, the credit quality of individual securities and their issuer is assessed. Significant inputs used to measure the amount of other-than-temporary impairment related to credit loss include, but are not limited to, default and delinquency rates of the underlying collateral, remaining credit support, and historical loss severities. Adjustments to market value of available for sale securities that are considered temporary are recorded as separate components of equity, net of tax. If the unrealized loss of a security is identified as other-than-temporary based on information available, such as the decline in the creditworthiness of the issuer, external market ratings, or the anticipated or realized elimination of associated dividends, such impairments are further analyzed to determine if credit loss exists. If there is a credit loss, it will be recorded in the Company's consolidated statement of operations. Unrealized losses on available for sale securities, other than credit, will continue to be recognized in other comprehensive income (loss), net of tax. Unrealized losses reflected in the preceding tables have not been included in results of operations because the unrealized loss was not deemed other-than-temporary. Management has determined that more likely than not, the Company neither intends to sell, nor will it be required to sell each debt security before its anticipated recovery, and therefore recovery of cost will occur. Loans – Loans that management has the intent and ability to hold for the foreseeable future, until maturity or payoff are reported at the principal balance outstanding, net of unearned interest, and net of deferred loan fees and costs. Interest income is accrued on the unpaid principal balance of these loans. Loan origination fees, net of certain direct origination costs, are deferred and recognized in interest income using the interest method without anticipating prepayments. Delinquency fees are recognized into income when chargeable, assuming collection is reasonably insured. Interest income on commercial, mortgage and consumer loans is discontinued according to the following schedules: • Commercial loans, including agricultural and C&I loans, past due 90 days or more; • Closed end consumer loans past due 120 days or more; and • Real estate loans and open ended consumer loans past due 180 days or more. Past due status is based on the contractual terms of the loan. In all cases, loans are placed on nonaccrual status or charged off at an earlier date if collection of principal or interest is considered doubtful. All interest accrued but not received for a loan placed on nonaccrual status is reversed against interest income. Interest received on such loans is accounted for on the cash basis or cost recovery method, and is generally applied against principal, until qualifying for return to accrual status. Loans are returned to accrual status when payments are made that bring the loan account current with the contractual term of the loan and a 6 month payment history has been established. Interest on impaired loans considered troubled debt restructurings (“TDRs”) or substandard, less than 90 days delinquent, is recognized as income as it accrues based on the revised terms of the loan over an established period of continued payment. Substandard loans, as defined by the OCC, our primary banking regulator, are loans that are inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. Real estate loans and open ended consumer loans are charged off to estimated net realizable value less estimated selling costs at the earlier of when (a) the loan is deemed by management to be uncollectible, or (b) the loan becomes past due 180 days or more. Closed end consumer loans are charged off to net realizable value at the earlier of when (a) the loan is deemed by management to be uncollectible, or (b) the loan becomes past due 120 days or more. Commercial loans, including agricultural and C&I loans, are charged off to net realizable value at the earlier of when (a) the loan is deemed by management to be uncollectible, or (b) the loan becomes past due 90 days or more. Allowance for Loan Losses – The allowance for loan losses (“ALL”) is a valuation allowance for probable and inherent credit losses in our loan portfolio. Loan losses are charged against the ALL when management believes that the collectability of a loan balance is unlikely. Subsequent recoveries, if any, are credited to the ALL. Management estimates the required ALL balance taking into account the following factors: past loan loss experience; the nature, volume and composition of our loan portfolio; known and inherent risks in our loan portfolio; information about specific borrowers’ ability to repay; estimated collateral values; current economic conditions; and other relevant factors determined by management. The ALL consists of specific and general components. The specific component relates to loans that are individually classified as impaired. The general component covers non-impaired loans and is based on historical loss experience adjusted for certain qualitative factors. The entire ALL balance is available for any loan that, in our management’s judgment, should be charged off. A loan is impaired when full payment under the loan terms is not expected. Impaired loans consist of all TDRs, as well as individual substandard loans not considered a TDR when full payment under the loan terms is not expected. All TDRs are individually evaluated for impairment. See Note 3, “Loans, Allowance for Loan Losses and Impaired Loans” for more information on what we consider to be a TDR. If a TDR or substandard loan is deemed to be impaired, a specific ALL allocation may be established so that the loan is reported, net, at the lower of (a) outstanding principal balance, (b) the present value of estimated future cash flows using the loan’s existing rate; or (c) at the fair value of any collateral, less estimated disposal costs, if repayment is expected solely from the underlying collateral of the loan. For TDRs less than 90 days past due, and certain substandard loans that are less than 90 days delinquent, the likelihood of the loan migrating to over 90 days past due is also taken into account when determining the specific ALL allocation for these particular loans. Large groups of smaller balance homogeneous loans, such as consumer and residential real estate loans, as well as non-TDR commercial loans, are collectively evaluated for impairment, and accordingly, are not separately identified for impairment disclosures. Foreclosed and Repossessed Assets, net – Assets acquired through foreclosure or repossession are initially recorded at fair value, less estimated costs to sell, which establishes a new cost basis. If the fair value declines subsequent to foreclosure or repossession, a valuation allowance is recorded through expense. Costs incurred after acquisition are expensed and are included in non-interest expense, other on our Consolidated Statements of Operations. Income Taxes – The Company accounts for income taxes in accordance with the Financial Accounting Standards Board ("FASB") Accounting Standards Codification (“ASC”) Topic 740, “Income Taxes.” Under this guidance, deferred taxes are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates that will apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized as income or expense in the period that includes the enactment date. See Note 6, "Income Taxes" for details on the Company’s income taxes. The Company regularly reviews the carrying amount of its net deferred tax assets to determine if the establishment of a valuation allowance is necessary. If based on the available evidence, it is more likely than not that all or a portion of the Company’s net deferred tax assets will not be realized in future periods, a deferred tax valuation allowance would be established. Consideration is given to various positive and negative factors that could affect the realization of the deferred tax assets. In evaluating this available evidence, management considers, among other things, historical performance, expectations of future earnings, the ability to carry back losses to recoup taxes previously paid, the length of statutory carryforward periods, any experience with utilization of operating loss and tax credit carryforwards not expiring, tax planning strategies and timing of reversals of temporary differences. Significant judgment is required in assessing future earnings trends and the timing of reversals of temporary differences. Accordingly, the Company’s evaluation is based on current tax laws as well as management’s expectations of future performance. Earnings Per Share – Basic earnings per common share is net income or loss divided by the weighted average number of common shares outstanding during the period. Diluted earnings per common share includes the dilutive effect of additional potential common shares issuable during the period, consisting of stock options outstanding under the Company’s stock incentive plans that have an exercise price that is less than the Company's stock price on the reporting date. Reclassifications – Certain items previously reported were reclassified for consistency with the current presentation. Recent Accounting Pronouncements - In March 2016, the FASB issued Accounting Standards Update ("ASU") 2016-09 Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting. ASU 2016-09 is intended to simplify certain areas of share-based payment transaction accounting, including the income tax consequences, equity or liability classification of certain share awards, and classification on the statement of cash flows. ASU 2016-09 is effective for the annual periods, and interim periods within those annual periods, beginning after December 15, 2016. Early adoption is permitted. The Company is currently evaluating the effect on the consolidated results of operations, financial position and cash flows. In February 2016, the FASB issued ASU 2016-02 "Leases (Topic 842)". ASU 2016-02 is intended to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. ASU 2016-02 is effective for the annual periods, and interim periods within those annual periods, beginning after December 15, 2018. Early adoption is permitted. The Company expects the adoption of ASU 2016-02 to have no material effect on the Company's consolidated results of operations, financial position or cash flows. In January 2016, the FASB issued ASU 2016-01 "Financial Instruments-overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities”. ASU 2016-01 is intended to address certain aspects of recognition, measurement, presentation and disclosure of financial instruments. For public entities, ASU 2016-01 is effective for the annual periods, and interim periods within those annual periods, beginning after December 15, 2017. Early adoption is not permitted, except for certain provisions of ASU 2016-01, which are not applicable to the Company. The Company expects the adoption of ASU 2016-01 to have no material effect on the Company's consolidated results of operations, financial position or cash flows. In August 2014, the FASB issued ASU 2014-14; "Receivables - Troubled Debt Restructurings by Creditors (Subtopic 310-40): Classification of Certain Government-Guaranteed Mortgage Loans upon Foreclosure (a consensus of the FASB Emerging Issues Task Force)". ASU 2014-14 is intended to improve accounting and disclosure consistency related to how creditors classify government-guaranteed mortgage loans, including the Federal HOusing Adminstration ("FHA") or UNited States Department of Veterans Affairs ("VA") guaranteed loans, upon foreclosure. For public entities, ASU 2014-09 is effective on a prospective basis for the annual periods, and interim periods within those annual periods, beginning after December 15, 2014. The Company has adopted ASU 2014-14 effective December 31, 2015. The adoption of ASU 2014-04 had no effect on the Company's consolidated results of operations, financial position or cash flows. In May 2014, the FASB issued ASU 2014-09; "Revenue from Contracts with Customers (Topic 606). ASU 2014-09 is intended to clarify and simplify revenue recognition principles, develop a common revenue standard across industries and accounting frameworks, and improve the usefulness and consistency of revenue reporting. The effective dates for ASU 2014-09 were deferred one year when the FASB issued ASU 2015-14 "Revenue from Contracts with Customers (Topic 606: Deferral of the Effective Date" in August 2015. For public entities, ASU 2014-09 is effective on a retrospective basis for the annual periods, and interim periods within those annual periods, beginning after December 15, 2017. Early adoption is not permitted. The Company expects the adoption of ASU 2014-09 will have no material effect on the Company's consolidated results of operations, financial position or cash flows. In January 2014, the FASB issued ASU 2014-04; "Receivables - Troubled Debt Restructurings by Creditors (Subtopic 310-40): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure (a consensus of the FASB Emerging Issues Task Force)". ASU 2014-04 is intended to improve consistency among reporting entities by clarifying when an in substance foreclosure occurs, that is, when a creditor should derecognize a loan and recognize the corresponding real estate collateral as a separate asset. For public entities, ASU 2014-04 is effective for the annual periods, and interim periods within those annual periods, beginning after December 15, 2014. The Company has adopted ASU 2014-04 effective December 31, 2015. The adoption of ASU 2014-04 had no effect on the Company's consolidated results of operations, financial position or cash flows.

Fair Value Accounting

Fair Value Accounting	6 Months Ended
	Mar. 31, 2016
Fair Value Disclosures [Abstract]
FAIR VALUE ACCOUNTING	FAIR VALUE ACCOUNTING ASC Topic 820-10, “ Fair Value Measurements and Disclosures ” establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The statement describes three levels of inputs that may be used to measure fair value: Level 1- Quoted prices (unadjusted) for identical assets or liabilities in active markets that the Company has the ability to access as of the measurement date. Level 2- Significant other observable inputs other than Level 1 prices such as 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. Level 3- Significant unobservable inputs that reflect the Company’s assumptions about the factors that market participants would use in pricing an asset or liability. A financial instrument’s categorization within the valuation hierarchy is based upon the lowest level of input within the valuation hierarchy that is significant to the fair value measurement. The fair value of securities available for sale is determined by obtaining market price quotes from independent third parties wherever such quotes are available (Level 1 inputs); or matrix pricing, which is a mathematical technique widely used in the industry to value debt securities without relying exclusively on quoted prices for the specific securities but rather by relying on the securities’ relationship to other benchmark quoted securities (Level 2 inputs). Where such quotes are not available, the Company utilizes independent third party valuation analysis to support the Company’s estimates and judgments in determining fair value (Level 3 inputs). Assets Measured on a Recurring Basis The following tables present the financial instruments measured at fair value on a recurring basis as of March 31, 2016 and September 30, 2015 : Fair Value Quoted Prices in Active Markets for Identical Instruments (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) March 31, 2016 Investment securities: U.S. government agency obligations $ 16,279 $ — $ 16,279 $ — Obligations of states and political subdivisions 30,145 — 30,145 — Mortgage-backed securities 39,610 — 39,610 — Federal Agricultural Mortgage Corporation 80 — 80 — Total $ 86,114 $ — $ 86,114 $ — September 30, 2015 Investment securities: U.S. government agency obligations $ 15,020 $ — $ 15,020 $ — Obligations of states and political subdivisions 27,407 — 27,407 — Mortgage-backed securities 37,440 — 37,440 — Federal Agricultural Mortgage Corporation 54 — 54 — Total $ 79,921 $ — $ 79,921 $ — Assets Measured on a Nonrecurring Basis The following tables present the financial instruments measured at fair value on a nonrecurring basis as of March 31, 2016 and September 30, 2015 : Fair Value Quoted Prices in Active Markets for Identical Instruments (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) March 31, 2016 Foreclosed and repossessed assets, net $ 832 $ — $ — $ 832 Impaired loans with allocated allowances 1,821 — — 1,821 Total $ 2,653 $ — $ — $ 2,653 September 30, 2015 Foreclosed and repossessed assets, net $ 902 $ — $ — $ 902 Impaired loans with allocated allowances 2,349 — — 2,349 Total $ 3,251 $ — $ — $ 3,251 The fair value of impaired loans referenced above was determined by obtaining independent third party appraisals and/or internally developed collateral valuations to support the Company’s estimates and judgments in determining the fair value of the underlying collateral supporting impaired loans. The fair value of foreclosed and repossessed assets was determined by obtaining market price valuations from independent third parties wherever such quotes were available for other collateral owned. The Company utilized independent third party appraisals to support the Company’s estimates and judgments in determining fair value for other real estate owned. Fair Values of Financial Instruments ASC 825-10 and ASC 270-10, Interim Disclosures about Fair Value Financial Instruments , require disclosures about fair value financial instruments and significant assumptions used to estimate fair value. The estimated fair values of financial instruments not previously disclosed are determined as follows: Cash and Cash Equivalents Due to their short-term nature, the carrying amounts of cash and cash equivalents are considered to be a reasonable estimate of fair value and represents a level 1 measurement. Other Interest-Bearing Deposits Fair value of interest bearing deposits is estimated using a discounted cash flow analysis based on current interest rates being offered by instruments with similar terms and represents a level 3 measurement. Non-marketable Equity Securities, at cost Non-marketable equity securities are comprised of Federal Home Loan Bank stock and Federal Reserve Bank stock carried at cost, which are their redeemable fair values since the market for each category of this stock is restricted and represents a level 1 measurement. Loans Receivable, net Fair value is estimated for portfolios of loans with similar financial characteristics. Loans are segregated by type such as real estate, C&I and consumer. The fair value of loans is calculated by discounting scheduled cash flows through the estimated maturity date using market discount rates reflecting the credit and interest rate risk inherent in the loan. The estimate of maturity is based on the Bank’s repayment schedules for each loan classification. The fair value of variable rate loans approximates carrying value. The fair value of loans is considered to be a level 3 measurement. Accrued Interest Receivable and Payable Due to their short-term nature, the carrying amounts of accrued interest receivable and payable are considered to be a reasonable estimate of fair value and represents a level 1 measurement. Deposits The fair value of deposits with no stated maturity, such as demand deposits, savings accounts, and money market accounts, is the amount payable on demand at the reporting date and represents a level 1 measurement. The fair value of fixed rate certificate accounts is calculated by using discounted cash flows applying interest rates currently being offered on similar certificates and represents a level measurement. Federal Home Loan Bank Advances The fair value of long-term borrowed funds is estimated using discounted cash flows based on the Bank’s current incremental borrowing rates for similar borrowing arrangements. The carrying value of short-term borrowed funds approximates their fair value and represents a level 2 measurement. Off-Balance Sheet Instruments The fair value of off-balance sheet commitments would be estimated using the fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements, the current interest rates, and the present creditworthiness of the customers. Since this amount is immaterial to the Company’s consolidated financial statements, no amount for fair value is presented. The table below represents what we would receive to sell an asset or what we would have to pay to transfer a liability in an orderly transaction between market participants at the measurement date. The carrying amount and estimated fair value of the Company's financial instruments as of the dates indicated below were as follows: March 31, 2016 September 30, 2015 Carrying Amount Estimated Fair Value Carrying Amount Estimated Fair Value Financial assets: Cash and cash equivalents $ 22,012 $ 22,012 $ 23,872 $ 23,872 Interest-bearing deposits 2,992 3,061 2,992 3,022 Investment securities 93,541 93,773 87,933 88,140 Non-marketable equity securities, at cost 4,626 4,626 4,626 4,626 Loans receivable, net 460,189 479,624 444,014 462,227 Accrued interest receivable 1,725 1,725 1,574 1,574 Financial liabilities: Deposits $ 473,833 $ 477,794 $ 456,298 $ 460,450 FHLB advances 61,474 61,567 58,891 59,357 Accrued interest payable 38 38 18 18

Loans, Allowance for Loan Losse

Loans, Allowance for Loan Losses and Impaired Loans	6 Months Ended
	Mar. 31, 2016
Receivables [Abstract]
LOANS, ALLOWANCE FOR LOAN LOSSES AND IMPAIRED LOANS	89 days and Accruing March 31, 2016 Real estate loans $ 1,246 $ 55 $ 734 $ 2,035 $ 170,880 $ 172,915 $ 163 Commercial/Agriculture real estate — — — — 85,821 85,821 — Consumer and other loans 427 22 103 552 161,569 162,121 1 Purchased third party loans 427 183 123 733 44,902 45,635 123 Total $ 2,100 $ 260 $ 960 $ 3,320 $ 463,172 $ 466,492 $ 287 September 30, 2015 Real estate loans $ 555 $ 500 $ 387 $ 1,442 $ 179,251 $ 180,693 $ 244 Commercial/Agriculture real estate — — — — 63,266 63,266 — Consumer and other loans 386 65 135 586 166,260 166,846 52 Purchased third party loans 238 189 177 604 39,101 39,705 177 Total $ 1,179 $ 754 $ 699 $ 2,632 $ 447,878 $ 450,510 $ 473 At March 31, 2016 , the Company has identified $3,889 of TDR loans and $1,244 of substandard loans as impaired, totaling $5,133 , which includes $3,306 of performing TDR loans. A loan is identified as impaired when, based on current information and events, it is probable that the Bank will be unable to collect all amounts due according to the contractual terms of the loan agreement. Performing TDRs consist of loans that have been modified and are performing in accordance with the modified terms for a sufficient length of time, generally six months, or loans that were modified on a proactive basis. A summary of the Company’s impaired loans as of March 31, 2016 and September 30, 2015 was as follows: With No Related Allowance Recorded With An Allowance Recorded Totals Consumer Real Estate Commercial/Agricultural Real Estate Consumer and Other Total Consumer Real Estate Commercial/Agricultural Real Estate Consumer and Other Total Consumer Real Estate Commercial/Agricultural Real Estate Consumer and Other Total Recorded investment at March 31, 2016 $ 2,779 $ — $ 533 $ 3,312 $ 1,650 $ — $ 171 $ 1,821 $ 4,429 $ — $ 704 $ 5,133 Unpaid balance at March 31, 2016 2,779 — 533 3,312 1,650 — 171 1,821 4,429 — 704 5,133 Recorded investment at September 30, 2015 2,494 — 471 2,965 1,972 — 377 2,349 4,466 — 848 5,314 Unpaid balance at September 30, 2015 2,494 — 471 2,965 1,972 — 377 2,349 4,466 — 848 5,314 Average recorded investment; Six months ended March 31, 2016 2,866 — 542 3,408 1,665 — 235 1,900 4,531 — 777 5,308 Average recorded investment; twelve months ended September 30, 2015 3,178 — 485 3,663 2,220 — 556 2,776 5,398 — 1,041 6,439 Interest income received; six months ended March 31, 2016 60 — 23 83 20 — 3 23 80 — 26 106 Interest income received; twelve months ended September 30, 2015 136 — 35 171 61 — 23 84 197 — 58 255 Troubled Debt Restructuring – A TDR includes a loan modification where a borrower is experiencing financial difficulty and the Bank grants a concession to that borrower that the Bank would not otherwise consider except for the borrower’s financial difficulties. Concessions include an extension of loan terms, renewals of existing balloon loans, reductions in interest rates and consolidating existing Bank loans at modified terms. A TDR may be either on accrual or nonaccrual status based upon the performance of the borrower and management’s assessment of collectability. If a TDR is placed on nonaccrual status, it remains there until a sufficient period of performance under the restructured terms has occurred at which time it is returned to accrual status. There were 5 delinquent TDRs greater than 59 days past due with a recorded investment of $273 at March 31, 2016 , compared to 4 such loans with a recorded investment of $191 at September 30, 2015 . A summary of loans by loan type modified in a troubled debt restructuring as of March 31, 2016 and March 31, 2015 , and during each of the six months then ended was as follows: Consumer Real Estate Commercial/Agricultural Real Estate Consumer and Other Total March 31, 2016 and Six Months then Ended: Accruing / Performing: Beginning balance $ 3,206 $ — $ 472 $ 3,678 Principal payments (62 ) — (80 ) (142 ) Charge-offs — — — — Advances — — 1 1 New restructured (1) 223 — 6 229 Class transfers out (2) — — — — Transfers between accrual/non-accrual (414 ) — (46 ) (460 ) Ending balance $ 2,953 $ — $ 353 $ 3,306 Non-accrual / Non-performing: Beginning balance $ 273 $ — $ 59 $ 332 Principal payments (131 ) — (22 ) (153 ) Charge-offs (34 ) — (25 ) (59 ) Advances 2 — 1 3 New restructured (1) — — — — Class transfers out (2) — — — — Transfers between accrual/non-accrual 414 — 46 460 Ending balance $ 524 $ — $ 59 $ 583 Totals: Beginning balance $ 3,479 $ — $ 531 $ 4,010 Principal payments (193 ) — (102 ) (295 ) Charge-offs (34 ) — (25 ) (59 ) Advances 2 — 2 4 New restructured (1) 223 — 6 229 Class transfers out (2) — — — — Transfers between accrual/non-accrual — — — — Ending balance $ 3,477 $ — $ 412 $ 3,889 (1) “New restructured” represent loans restructured during the applicable period that met TDR criteria in accordance with the Bank’s policy at the time of the restructuring. (2) “Class transfers out” represent previously restructured loans that are in compliance with the modified terms for a minimum of one year, are yielding a market rate and conform to normal underwriting standards. Consumer Real Estate Commercial/Agricultural Real Estate Consumer and Other Total March 31, 2015 and Six Months then Ended: Accruing / Performing: Beginning balance $ 4,535 $ — $ 797 $ 5,332 Principal payments (398 ) — (136 ) (534 ) Charge-offs — — (2 ) (2 ) Advances 10 — — 10 New restructured (1) 17 — 14 31 Class transfers out (2) (181 ) — — (181 ) Transfers between accrual/non-accrual — — (42 ) (42 ) Ending balance $ 3,983 $ — $ 631 $ 4,614 Non-accrual / Non-performing: Beginning balance $ 202 $ — $ 47 $ 249 Principal payments (102 ) — (4 ) (106 ) Charge-offs (16 ) — (31 ) (47 ) Advances — — — — New restructured (1) — — — — Class transfers out (2) — — — — Transfers between accrual/non-accrual — — 42 42 Ending balance $ 84 $ — $ 54 $ 138 Totals: Beginning balance $ 4,737 $ — $ 844 $ 5,581 Principal payments (500 ) — (140 ) (640 ) Charge-offs (16 ) — (33 ) (49 ) Advances 10 — — 10 New restructured (1) 17 — 14 31 Class transfers out (2) (181 ) — — (181 ) Transfers between accrual/non-accrual — — — — Ending balance $ 4,067 $ — $ 685 $ 4,752 (1) “New restructured” represent loans restructured during the applicable period that met TDR criteria in accordance with the Bank’s policy at the time of the restructuring. (2) “Class transfers out” represent previously restructured loans that are in compliance with the modified terms for a minimum of one year, are yielding a market rate and conform to normal underwriting standards. Below is a breakdown of troubled debt restructurings: March 31, 2016 September 30, 2015 Number of Modifications Recorded Investment Number of Modifications Recorded Investment Troubled debt restructurings: Consumer Real Estate 33 $ 3,477 34 $ 3,479 Commercial/Agricultural Real Estate — — — — Consumer and other 28 412 39 531 Total troubled debt restructurings 61 $ 3,889 73 $ 4,010" id="sjs-B4">LOANS, ALLOWANCE FOR LOAN LOSSES AND IMPAIRED LOANS Credit Quality/Risk Ratings : Management utilizes a numeric risk rating system to identify and quantify the Bank’s risk of loss within its loan portfolio. Ratings are initially assigned prior to funding the loan, and may be changed at any time as circumstances warrant. Ratings range from the highest to lowest quality based on factors that include measurements of ability to pay, collateral type and value, borrower stability and management experience. The Bank’s loan portfolio is presented below in accordance with the risk rating framework that has been commonly adopted by the federal banking agencies. The definitions of the various risk rating categories are as follows: 1 through 4 - Pass. A "Pass" loan means that the condition of the borrower and the performance of the loan is satisfactory or better. 5 - Watch. A "Watch" loan has clearly identifiable developing weaknesses that deserve additional attention from management. Weaknesses that are not corrected or mitigated, may jeopardize the ability of the borrower to repay the loan in the future. 6 - Special Mention. A "Special Mention" loan has one or more potential weakness that deserve management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or in the institution’s credit position in the future. 7 - Substandard. A "Substandard" loan is inadequately protected by the current net worth and paying capacity of the obligor or the collateral pledged, if any. Assets classified as substandard must have a well-defined weakness, or weaknesses, that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. 8 - Doubtful. A "Doubtful" loan has all the weaknesses inherent in a Substandard loan with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and improbable. 9 - Loss. Loans classified as "Loss" are considered uncollectible, and their continuance as bankable assets is not warranted. This classification does not mean that the loan has absolutely no recovery or salvage value, and a partial recovery may occur in the future. Below is a breakdown of loans by risk rating as of March 31, 2016 : 1 to 5 6 7 8 9 TOTAL Real estate loans: Consumer $ 171,848 $ — $ 1,476 $ — $ — $ 173,324 Commercial/agricultural 85,821 — — — — 85,821 Total real estate loans 257,669 — 1,476 — — 259,145 Consumer and other loans: 204,883 — 472 — 2 205,357 Gross loans $ 462,552 $ — $ 1,948 $ — $ 2 $ 464,502 Net deferred loan costs (fees) 1,990 Allowance for loan losses (6,303 ) Loans receivable, net $ 460,189 Below is a breakdown of loans by risk rating as of September 30, 2015 : 1 to 5 6 7 8 9 TOTAL Real estate loans: Consumer $ 179,946 $ — $ 1,260 $ — $ — $ 181,206 Commercial/agricultural 63,266 — — — — 63,266 Total real estate loans 243,212 — 1,260 — — 244,472 Consumer and other loans: 203,054 — 547 — 7 203,608 Gross loans $ 446,266 $ — $ 1,807 $ — $ 7 $ 448,080 Net deferred loan costs (fees) 2,430 Allowance for loan losses (6,496 ) Loans receivable, net $ 444,014 The ALL represents management’s estimate of probable and inherent credit losses in the Bank’s loan portfolio. Estimating the amount of the ALL requires the exercise of significant judgment and the use of estimates related to the amount and timing of expected future cash flows on impaired loans, estimated losses on pools of homogeneous loans based on historical loss experience, and consideration of other qualitative factors such as current economic trends and conditions, all of which may be susceptible to significant change. There are many factors affecting the ALL; some are quantitative, while others require qualitative judgment. The process for determining the ALL (which management believes adequately considers potential factors which result in probable credit losses), includes subjective elements and, therefore, may be susceptible to significant change. To the extent actual outcomes differ from management estimates, additional provision for loan losses could be required that could adversely affect the Company’s earnings or financial position in future periods. Allocations of the ALL may be made for specific loans but the entire ALL is available for any loan that, in management’s judgment, should be charged-off or for which an actual loss is realized. As an integral part of their examination process, various regulatory agencies also review the Bank’s ALL. Such agencies may require that changes in the ALL be recognized when such regulators’ credit evaluations differ from those of our management based on information available to the regulators at the time of their examinations. Changes in the ALL by loan type for the periods presented below were as follows: Consumer Real Estate Commercial/Agriculture Real Estate Consumer and Other Unallocated Total Six Months Ended March 31, 2016: Allowance for Loan Losses: Beginning balance, October 1, 2015 $ 2,364 $ 1,617 $ 2,263 $ 252 $ 6,496 Charge-offs (55 ) — (308 ) — (363 ) Recoveries 4 — 91 — 95 Provision 30 10 35 — 75 Allowance allocation adjustment (420 ) 208 182 30 — Ending balance, March 31, 2016 $ 1,923 $ 1,835 $ 2,263 $ 282 $ 6,303 Allowance for Loan Losses at March 31, 2016: Amount of allowance for loan losses arising from loans individually evaluated for impairment $ 136 $ — $ 26 $ — $ 162 Amount of allowance for loan losses arising from loans collectively evaluated for impairment $ 1,787 $ 1,835 $ 2,237 $ 282 $ 6,141 Loans Receivable as of March 31, 2016: Ending balance $ 172,915 $ 85,821 $ 207,756 $ — $ 466,492 Ending balance: individually evaluated for impairment $ 4,429 $ — $ 704 $ — $ 5,133 Ending balance: collectively evaluated for impairment $ 168,486 $ 85,821 $ 207,052 $ — $ 461,359 Consumer Real Estate Commercial/Agriculture Real Estate Consumer and Other Unallocated Total Year Ended September 30, 2015: Allowance for Loan Losses: Beginning balance, October 1, 2014 $ 2,759 $ — $ 3,747 $ — $ 6,506 Charge-offs (405 ) — (601 ) — (1,006 ) Recoveries 69 — 271 — 340 Provision 382 16 258 — 656 Allowance allocation adjustment (441 ) 1,601 (1,412 ) 252 — Ending balance, September 30, 2015 $ 2,364 $ 1,617 $ 2,263 $ 252 $ 6,496 Allowance for Loan Losses at September 30, 2015: Amount of allowance for loan losses arising from loans individually evaluated for impairment $ 463 $ — $ 119 $ — $ 582 Amount of allowance for loan losses arising from loans collectively evaluated for impairment $ 1,901 $ 1,617 $ 2,144 $ 252 $ 5,914 Loans Receivable as of September 30, 2015: Ending balance $ 180,693 $ 63,266 $ 206,551 $ — $ 450,510 Ending balance: individually evaluated for impairment $ 4,466 $ — $ 848 $ — $ 5,314 Ending balance: collectively evaluated for impairment $ 176,227 $ 63,266 $ 205,703 $ — $ 445,196 The Bank has originated substantially all loans currently recorded on the Company’s accompanying Consolidated Balance Sheet, except as noted below. In February 2016, the Bank selectively purchased loans and deposits from Central Bank in Rice Lake and Barron, Wisconsin in the amount of $16,363 and $27,131 , respectively. During October 2012, the Bank entered into an agreement to purchase short term consumer loans from a third party on an ongoing basis. As part of the servicer agreement entered into in connection with this purchase agreement, the third party seller agreed to purchase or substitute performing consumer loans for all contracts that become 120 days past due. Pursuant to the ongoing loan purchase agreement, a Board of Director determinant was originally established to limit the purchase of these consumer loans under this arrangement to a maximum of $40,000 and a restricted reserve account was established at 3% of the outstanding consumer loan balances purchased up to a maximum of $1,000 , with such percentage amount of the loans being deposited into a segregated reserve account. The funds in the reserve account are to be released to compensate the Bank for any purchased loans that are not purchased back by the seller or substituted with performing loans and are ultimately charged off by the Bank. During the first quarter of fiscal 2015, the Board of Directors increased the limit of these purchased consumer loans to a maximum of $50,000 . As of March 31, 2016 , the balance of the consumer loans purchased was $ 45,635 . The balance in the cash reserve account has reached the maximum allowed balance of $1,000 , which is included in Deposits on the accompanying Consolidated Balance Sheet. To date, the Company has not charged off or experienced losses related to the purchased loans. The weighted average rate earned on these purchased consumer loans was 4.24% as of March 31, 2016 . Since March 2014, the rate earned for all new loan originations of these purchased consumer loans was 4.00% . As of January 2016, new loans purchased are at an interest rate of 4.25% due to the increase in the Prime Rate. Loans receivable by loan type as of the end of the periods shown below were as follows: Real Estate Loans Commercial/Agriculture Real Estate Loans Consumer and Other Loans Total Loans March 31, 2016 September 30, 2015 March 31, 2016 September 30, 2015 March 31, 2016 September 30, 2015 March 31, 2016 September 30, 2015 Performing loans Performing TDR loans $ 2,953 $ 3,206 $ — $ — $ 353 $ 472 $ 3,306 $ 3,678 Performing loans other 168,819 176,650 85,821 63,266 207,067 205,695 461,707 445,611 Total performing loans 171,772 179,856 85,821 63,266 207,420 206,167 465,013 449,289 Nonperforming loans (1) Nonperforming TDR loans 524 273 — — 59 59 583 332 Nonperforming loans other 619 564 — — 277 325 896 889 Total nonperforming loans 1,143 837 — — 336 384 1,479 1,221 Total loans $ 172,915 $ 180,693 $ 85,821 $ 63,266 $ 207,756 $ 206,551 $ 466,492 $ 450,510 (1) Nonperforming loans are either 90+ days past due or nonaccrual. An aging analysis of the Company’s real estate, commercial/agriculture real estate, consumer and other loans and purchased third party loans as of March 31, 2016 and September 30, 2015 , respectively, was as follows: 30-59 Days Past Due 60-89 Days Past Due Greater Than 89 Days Total Past Due Current Total Loans Recorded Investment > 89 days and Accruing March 31, 2016 Real estate loans $ 1,246 $ 55 $ 734 $ 2,035 $ 170,880 $ 172,915 $ 163 Commercial/Agriculture real estate — — — — 85,821 85,821 — Consumer and other loans 427 22 103 552 161,569 162,121 1 Purchased third party loans 427 183 123 733 44,902 45,635 123 Total $ 2,100 $ 260 $ 960 $ 3,320 $ 463,172 $ 466,492 $ 287 September 30, 2015 Real estate loans $ 555 $ 500 $ 387 $ 1,442 $ 179,251 $ 180,693 $ 244 Commercial/Agriculture real estate — — — — 63,266 63,266 — Consumer and other loans 386 65 135 586 166,260 166,846 52 Purchased third party loans 238 189 177 604 39,101 39,705 177 Total $ 1,179 $ 754 $ 699 $ 2,632 $ 447,878 $ 450,510 $ 473 At March 31, 2016 , the Company has identified $3,889 of TDR loans and $1,244 of substandard loans as impaired, totaling $5,133 , which includes $3,306 of performing TDR loans. A loan is identified as impaired when, based on current information and events, it is probable that the Bank will be unable to collect all amounts due according to the contractual terms of the loan agreement. Performing TDRs consist of loans that have been modified and are performing in accordance with the modified terms for a sufficient length of time, generally six months, or loans that were modified on a proactive basis. A summary of the Company’s impaired loans as of March 31, 2016 and September 30, 2015 was as follows: With No Related Allowance Recorded With An Allowance Recorded Totals Consumer Real Estate Commercial/Agricultural Real Estate Consumer and Other Total Consumer Real Estate Commercial/Agricultural Real Estate Consumer and Other Total Consumer Real Estate Commercial/Agricultural Real Estate Consumer and Other Total Recorded investment at March 31, 2016 $ 2,779 $ — $ 533 $ 3,312 $ 1,650 $ — $ 171 $ 1,821 $ 4,429 $ — $ 704 $ 5,133 Unpaid balance at March 31, 2016 2,779 — 533 3,312 1,650 — 171 1,821 4,429 — 704 5,133 Recorded investment at September 30, 2015 2,494 — 471 2,965 1,972 — 377 2,349 4,466 — 848 5,314 Unpaid balance at September 30, 2015 2,494 — 471 2,965 1,972 — 377 2,349 4,466 — 848 5,314 Average recorded investment; Six months ended March 31, 2016 2,866 — 542 3,408 1,665 — 235 1,900 4,531 — 777 5,308 Average recorded investment; twelve months ended September 30, 2015 3,178 — 485 3,663 2,220 — 556 2,776 5,398 — 1,041 6,439 Interest income received; six months ended March 31, 2016 60 — 23 83 20 — 3 23 80 — 26 106 Interest income received; twelve months ended September 30, 2015 136 — 35 171 61 — 23 84 197 — 58 255 Troubled Debt Restructuring – A TDR includes a loan modification where a borrower is experiencing financial difficulty and the Bank grants a concession to that borrower that the Bank would not otherwise consider except for the borrower’s financial difficulties. Concessions include an extension of loan terms, renewals of existing balloon loans, reductions in interest rates and consolidating existing Bank loans at modified terms. A TDR may be either on accrual or nonaccrual status based upon the performance of the borrower and management’s assessment of collectability. If a TDR is placed on nonaccrual status, it remains there until a sufficient period of performance under the restructured terms has occurred at which time it is returned to accrual status. There were 5 delinquent TDRs greater than 59 days past due with a recorded investment of $273 at March 31, 2016 , compared to 4 such loans with a recorded investment of $191 at September 30, 2015 . A summary of loans by loan type modified in a troubled debt restructuring as of March 31, 2016 and March 31, 2015 , and during each of the six months then ended was as follows: Consumer Real Estate Commercial/Agricultural Real Estate Consumer and Other Total March 31, 2016 and Six Months then Ended: Accruing / Performing: Beginning balance $ 3,206 $ — $ 472 $ 3,678 Principal payments (62 ) — (80 ) (142 ) Charge-offs — — — — Advances — — 1 1 New restructured (1) 223 — 6 229 Class transfers out (2) — — — — Transfers between accrual/non-accrual (414 ) — (46 ) (460 ) Ending balance $ 2,953 $ — $ 353 $ 3,306 Non-accrual / Non-performing: Beginning balance $ 273 $ — $ 59 $ 332 Principal payments (131 ) — (22 ) (153 ) Charge-offs (34 ) — (25 ) (59 ) Advances 2 — 1 3 New restructured (1) — — — — Class transfers out (2) — — — — Transfers between accrual/non-accrual 414 — 46 460 Ending balance $ 524 $ — $ 59 $ 583 Totals: Beginning balance $ 3,479 $ — $ 531 $ 4,010 Principal payments (193 ) — (102 ) (295 ) Charge-offs (34 ) — (25 ) (59 ) Advances 2 — 2 4 New restructured (1) 223 — 6 229 Class transfers out (2) — — — — Transfers between accrual/non-accrual — — — — Ending balance $ 3,477 $ — $ 412 $ 3,889 (1) “New restructured” represent loans restructured during the applicable period that met TDR criteria in accordance with the Bank’s policy at the time of the restructuring. (2) “Class transfers out” represent previously restructured loans that are in compliance with the modified terms for a minimum of one year, are yielding a market rate and conform to normal underwriting standards. Consumer Real Estate Commercial/Agricultural Real Estate Consumer and Other Total March 31, 2015 and Six Months then Ended: Accruing / Performing: Beginning balance $ 4,535 $ — $ 797 $ 5,332 Principal payments (398 ) — (136 ) (534 ) Charge-offs — — (2 ) (2 ) Advances 10 — — 10 New restructured (1) 17 — 14 31 Class transfers out (2) (181 ) — — (181 ) Transfers between accrual/non-accrual — — (42 ) (42 ) Ending balance $ 3,983 $ — $ 631 $ 4,614 Non-accrual / Non-performing: Beginning balance $ 202 $ — $ 47 $ 249 Principal payments (102 ) — (4 ) (106 ) Charge-offs (16 ) — (31 ) (47 ) Advances — — — — New restructured (1) — — — — Class transfers out (2) — — — — Transfers between accrual/non-accrual — — 42 42 Ending balance $ 84 $ — $ 54 $ 138 Totals: Beginning balance $ 4,737 $ — $ 844 $ 5,581 Principal payments (500 ) — (140 ) (640 ) Charge-offs (16 ) — (33 ) (49 ) Advances 10 — — 10 New restructured (1) 17 — 14 31 Class transfers out (2) (181 ) — — (181 ) Transfers between accrual/non-accrual — — — — Ending balance $ 4,067 $ — $ 685 $ 4,752 (1) “New restructured” represent loans restructured during the applicable period that met TDR criteria in accordance with the Bank’s policy at the time of the restructuring. (2) “Class transfers out” represent previously restructured loans that are in compliance with the modified terms for a minimum of one year, are yielding a market rate and conform to normal underwriting standards. Below is a breakdown of troubled debt restructurings: March 31, 2016 September 30, 2015 Number of Modifications Recorded Investment Number of Modifications Recorded Investment Troubled debt restructurings: Consumer Real Estate 33 $ 3,477 34 $ 3,479 Commercial/Agricultural Real Estate — — — — Consumer and other 28 412 39 531 Total troubled debt restructurings 61 $ 3,889 73 $ 4,010

Investment Securities

Investment Securities	6 Months Ended
	Mar. 31, 2016
Investments, Debt and Equity Securities [Abstract]
INVESTMENT SECURITIES	INVESTMENT SECURITIES The amortized cost, estimated fair value and related unrealized gains and losses on securities available for sale and held to maturity as of March 31, 2016 and September 30, 2015 , respectively, were as follows: Available for sale securities Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value March 31, 2016 U.S. government agency obligations $ 16,346 $ 33 $ 100 $ 16,279 Obligations of states and political subdivisions 29,830 361 46 30,145 Mortgage-backed securities 39,447 202 39 39,610 Federal Agricultural Mortgage Corporation 71 9 — 80 Total available for sale securities $ 85,694 $ 605 $ 185 $ 86,114 September 30, 2015 U.S. government agency obligations $ 15,240 $ — $ 220 $ 15,020 Obligations of states and political subdivisions 27,573 81 247 27,407 Mortgage-backed securities 37,451 133 144 37,440 Federal Agricultural Mortgage Corporation 71 — 17 54 Total available for sale securities $ 80,335 $ 214 $ 628 $ 79,921 Held to maturity securities Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value March 31, 2016 Obligations of states and political subdivisions $ 1,317 $ 9 $ — $ 1,326 Mortgage-backed securities 6,110 223 — 6,333 Total held to maturity securities $ 7,427 $ 232 $ — $ 7,659 September 30, 2015 Obligations of states and political subdivisions $ 1,319 $ 3 $ 4 $ 1,318 Mortgage-backed securities 6,693 208 — 6,901 Total held to maturity securities $ 8,012 $ 211 $ 4 $ 8,219 As of March 31, 2016 , the Bank has pledged U.S. Government Agency securities with a carrying value of $4,137 as collateral against a borrowing line of credit with the Federal Reserve Bank. However, as of March 31, 2016 , there were no borrowings outstanding on this Federal Reserve Bank line of credit. As of March 31, 2016 , the Bank has pledged U.S. Government Agency securities with a carrying value of $5,500 and mortgage-backed securities with a carrying value of $4,184 as collateral against specific municipal deposits.

Federal Home Loan Bank Advances

Federal Home Loan Bank Advances	6 Months Ended
	Mar. 31, 2016
Banking and Thrift [Abstract]
FEDERAL HOME LOAN BANK ADVANCES	FEDERAL HOME LOAN BANK ADVANCES A summary of Federal Home Loan Bank advances at March 31, 2016 and September 30, 2015 was as follows: As of Weighted Average Rate As of Weighted Average Rate Maturing during the fiscal year March 31, September 30, Ended September 30, 2016 2015 2016 $ 36,183 0.60 % $ 33,600 0.67 % 2017 15,461 1.46 % 15,461 1.46 % 2018 6,100 2.24 % 6,100 2.24 % 2019 3,730 1.87 % 3,730 1.87 % 2020 — — % — — % Total fixed maturity $ 61,474 1.06 % $ 58,891 1.12 % Advances with amortizing principal — — % — — % Total advances $ 61,474 1.06 % $ 58,891 1.12 % Irrevocable standby letters of credit $ 15,560 $ 24,040 Total credit outstanding $ 77,034 $ 82,931 The Bank has an irrevocable Standby Letter of Credit Master Reimbursement Agreement with the Federal Home Loan Bank. This irrevocable standby letter of credit ("LOC") is supported by loan collateral as an alternative to directly pledging investment securities on behalf of a municipal customer as collateral for their interest bearing deposit balances. At March 31, 2016 , the Bank’s available and unused portion of this borrowing arrangement was approximately $63,700 . The weighted average remaining term of the borrowings at March 31, 2016 is 9.25 months compared to 14.25 months at September 30, 2015. Maximum month-end amounts outstanding were $63,974 and $53,891 during the six month periods ended March 31, 2016 and 2015 , respectively. Each Federal Home Loan Bank advance is payable at the maturity date, with a prepayment penalty for fixed rate advances. These advances are secured by $181,358 of real estate mortgage loans.

Income Taxes

Income Taxes	6 Months Ended
	Mar. 31, 2016
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES Income tax expense (benefit) for each of the periods shown below consisted of the following: Six months ended March 31, 2016 Six months ended March 31, 2015 Current tax provision Federal $ 482 $ 820 State 81 123 563 943 Deferred tax (benefit) provision Federal 235 (169 ) State 45 1 280 (168 ) Total $ 843 $ 775 The provision for income taxes differs from the amount of income tax determined by applying statutory federal income tax rates to pretax income as result of the following differences: Six months ended March 31, 2016 Six months ended March 31, 2015 Amount Rate Amount Rate Tax expense at statutory rate $ 817 34.0 % $ 709 34.0 % State income taxes net of federal taxes 126 5.2 124 6.0 Tax exempt interest (76 ) (3.2 ) (23 ) (1.1 ) Other (24 ) (0.9 ) (35 ) (1.7 ) Total $ 843 35.1 % $ 775 37.2 % Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The following is a summary of the significant components of the Company’s deferred tax assets and liabilities as of March 31, 2016 and September 30, 2015 , respectively: March 31, 2016 September 30, 2015 Deferred tax assets: Allowance for loan losses $ 2,469 $ 2,544 Deferred loan costs/fees 113 145 Director/officer compensation plans 545 536 Net unrealized loss on securities available for sale — 166 Economic performance accruals 386 388 Other 120 132 Deferred tax assets 3,633 3,911 Deferred tax liabilities: Office properties and equipment (253 ) (114 ) Net unrealized gain on securities available for sale (168 ) — Other (117 ) (110 ) Deferred tax liabilities (538 ) (224 ) Net deferred tax assets $ 3,095 $ 3,687 The Company regularly reviews the carrying amount of its deferred tax assets to determine if the establishment of a valuation allowance is necessary, as further discussed in Note 1 “Nature of Business and Summary of Significant Accounting Policies,” above. At March 31, 2016 and September 30, 2015 , respectively, management determined that no valuation allowance was necessary for any of the deferred tax assets. The Company’s income tax returns are subject to review and examination by federal, state and local government authorities. As of March 31, 2016 , years open to examination by the U.S. Internal Revenue Service include taxable years ended September 30, 2012 to present. The years open to examination by state and local government authorities varies by jurisdiction. The tax effects from uncertain tax positions can be recognized in the consolidated financial statements, provided the position is more likely than not to be sustained on audit, based on the technical merits of the position. The Company recognizes the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the more-likely-than-not threshold, the amount recognized in the consolidated financial statements is the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement with the relevant tax authority. The Company applied the foregoing accounting standard to all of its tax positions for which the statute of limitations remained open as of the date of the accompanying consolidated financial statements. The Company’s policy is to recognize interest and penalties related to income tax issues as components of other noninterest expense. During the six month periods ended March 31, 2016 and 2015 , the Company did not recognize any interest or penalties related to income tax issues in its consolidated statements of operations. The Company had no recorded accrual or liability for the payment of interest and penalties related to income tax issues as of March 31, 2016 or September 30, 2015 respectively.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Mar. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
STOCK-BASED COMPENSATION	STOCK-BASED COMPENSATION In February 2005, the Company’s stockholders approved the Company’s 2004 Recognition and Retention Plan. This plan provides for the grant of up to 113,910 shares of the Company’s common stock to eligible participants under this plan. As of March 31, 2016 , 113,910 restricted shares under this plan were granted. In February 2005, the Company’s stockholders also approved the Company’s 2004 Stock Option and Incentive Plan. This plan provides for the grant of nonqualified and incentive stock options and stock appreciation rights to eligible participants under the plan. The plan provides for the grant of awards for up to 284,778 shares of the Company’s common stock. At March 31, 2016 , 284,778 options had been granted under this plan to eligible participants. In February 2008, the Company’s stockholders approved the Company’s 2008 Equity Incentive Plan. The aggregate number of shares of common stock reserved and available for issuance under the 2008 Equity Incentive Plan is 597,605 shares. Under this Plan, the Compensation Committee may grant stock options and stock appreciation rights that, upon exercise, result in the issuance of 426,860 shares of the Company’s common stock. The Committee may also grant shares of restricted stock and restricted stock units for an aggregate of 170,745 shares of Company common stock under this plan. As of March 31, 2016 , 32,500 restricted shares under this plan were granted. As of March 31, 2016 , 112,000 options had been granted to eligible participants. Restricted shares granted to date under these plans were awarded at no cost to the employee and vest pro rata over a five -year period from the grant date. Options granted to date under these plans vest pro rata over a five -year period from the grant date. Unexercised, nonqualified stock options expire within 15 years of the grant date and unexercised incentive stock options expire within 10 years of the grant date. Compensation expense related to restricted stock awards from both the 2004 Recognition and Retention Plan and the 2008 Equity Incentive Plan was $26 and $53 for the three and six months ended March 31, 2016 , respectively. Compensation expense related to restricted stock awards from both the 2004 Recognition and Retention Plan and the 2008 Equity Incentive Plan was $26 and $44 for the three and six months ended March 31, 2015 , respectively. Restricted Common Stock Award March 31, 2016 September 30, 2015 Number of Shares Weighted Number of Shares Weighted Restricted Shares Unvested and outstanding at beginning of fiscal year 46,857 $ 7.59 41,014 $ 6.51 Granted — — 17,500 9.20 Vested (10,595 ) 7.56 (11,657 ) 6.18 Forfeited — — — — Unvested and outstanding fiscal to date 36,262 $ 7.60 46,857 $ 7.59 The Company accounts for stock-based employee compensation related to the Company’s 2004 Stock Option and Incentive Plan and the 2008 Equity Incentive Plan using the fair-value-based method. Accordingly, management records compensation expense based on the value of the award as measured on the grant date and then the Company recognizes that cost over the vesting period for the award. The compensation cost recognized for stock-based employee compensation related to both plans for the three and six month periods ended March 31, 2016 was $16 and $32 , respectively. The compensation cost recognized for stock-based employee compensation related to both plans for the three and six month periods ended March 31, 2015 was $16 and $28 , respectively. Common Stock Option Awards Option Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term Aggregate Intrinsic Value 2016 Outstanding at September 30, 2015 171,737 $ 7.46 Granted 17,000 9.21 Exercised (17,272 ) Forfeited or expired — Outstanding at March 31, 2016 171,465 $ 7.83 7.15 Exercisable at March 31, 2016 69,120 $ 7.49 5.59 $ 103 Fully vested and expected to vest 171,465 $ 7.83 7.15 $ 209 2015 Outstanding at September 30, 2014 179,192 $ 6.52 Granted 50,000 9.20 Exercised (51,955 ) Forfeited or expired (5,500 ) Outstanding at September 30, 2015 171,737 $ 7.46 7.58 Exercisable at September 30, 2015 63,764 $ 6.79 5.33 Fully vested and expected to vest 171,737 $ 7.46 7.58 Information related to the 2004 Stock Option and Incentive Plan and 2008 Equity Incentive Plan during each year follows: 2016 2015 Intrinsic value of options exercised $ 60 $ 180 Cash received from options exercised $ 95 $ 299 Tax benefit realized from options exercised $ — $ 9 Set forth below is a table showing relevant assumptions used in calculating stock option expense related to the Company’s 2004 Stock Option and Incentive Plan and 2008 Equity Incentive Plan: 2016 2015 Dividend yield 0.87 % 0.88 % Risk-free interest rate 2.1 % 2.1 % Weighted average expected life (years) 10 10 Expected volatility 3 % 2 %

Other Comprehensive Income (Los

Other Comprehensive Income (Loss)	6 Months Ended
	Mar. 31, 2016
Equity [Abstract]
OTHER COMPREHENSIVE INCOME (LOSS)	OTHER COMPREHENSIVE INCOME (LOSS) The following table shows the tax effects allocated to each component of other comprehensive income for the six months ended March 31, 2016 : Before-Tax Amount Tax Expense Net-of-Tax Amount Unrealized gains (losses) on securities: Net unrealized gains arising during the period $ 831 (333 ) $ 498 Less: reclassification adjustment for gains included in net income 4 (1 ) 3 Defined benefit plans: Amortization of unrecognized prior service costs and net gains (58 ) 23 (35 ) Other comprehensive income $ 777 $ (311 ) $ 466 The changes in the accumulated balances for each component of other comprehensive income (loss) for the six months ended March 31, 2016 were as follows: Unrealized Gains (Losses) on Securities Defined Benefit Plans Other Comprehensive Income (Loss) Balance, October 1, 2015 $ (249 ) $ 35 $ (214 ) Current year-to-date other comprehensive income, net of tax 501 (35 ) 466 Ending balance, March 31, 2016 $ 252 $ — $ 252

Termination of Certain Retireme

Termination of Certain Retirement Plans	6 Months Ended
	Mar. 31, 2016
Compensation and Retirement Disclosure [Abstract]
TERMINATION OF CERTAIN RETIREMENT PLANS	TERMINATION OF CERTAIN RETIREMENT PLANS The Company maintained a Supplemental Benefit Plan For Key Employees ("SERP") which was an unfunded, unsecured, non-contributory defined benefit plan, providing retirement benefits for certain former key employees previously designated by the Company’s Board of Directors. Benefits under the SERP generally were based on such former employees’ years of service and compensation during the years preceding their retirement. In May 2009, any additional accrual of benefits under the SERP was suspended. The Company also maintained a Directors’ Retirement Plan ("DRP"), which was an unfunded, unsecured, non-contributory defined benefit plan, providing for supplemental pension benefits for its directors following their termination of service as a director of the Company. Benefits were based on a formula that included each participant’s past and future earnings and years of service with Citizens. Moreover, the benefit amounts owed by the Company under the DRP were determined by individual director agreements entered into by the Company with such participants. The remaining DRP liability related to current and former Directors of the Company. The Company's Board of Directors voted to terminate each of the SERP and the DRP at its regularly scheduled Board meeting on November 19, 2015, with such termination being effective as of the same date. In connection with the termination of each plan, the Board of Directors, in accordance with applicable law and each applicable participant’s plan participation agreement, negotiated lump sum payments to the participants in satisfaction of the Company’s total liability to each participant under the SERP and DRP. In accordance with the final settlement of the Company’s obligations under such plans, the Company will make two payments (each for 50% of the total liability owed) to each plan participant. The first payment will occur in December 2016 and the second and final payment will occur in January 2017. In connection with the settlement of all obligations owed by the Company to the participants in the SERP and the DRP, the Company retained an independent consultant during the three months ended March 31, 2016 to perform an actuarial calculation of the final amount of the accumulated benefit owed by the Company to each plan participant. In making this calculation, the consultant made certain assumptions regarding the applicable discount rate to be used and regarding certain other relevant factors to determine the amount of the benefit obligation due each participant, in each case taking into account the terms of each participant’s negotiated plan benefit agreement and the terms of each plan. Differences between the amount of the projected accrued benefit obligation previously recorded by the Company in its consolidated financial statements in connection with these plans and the actual amount of the benefit obligation to be paid to the participants, based upon the calculations of the independent consultant, is recorded in the aggregate as a gain of $41 during the quarter ended March 31, 2016 on the accompanying Consolidated Statements of Operations line item "Salaries and related benefits" as a reduction to the expense. Moreover, as of March 31, 2016, the Company recorded a liability on the accompanying Consolidated Balance Sheet of $1,084 for the aggregate amount of the benefit obligation due plan participants currently receiving monthly and quarterly payments and the final lump sum payment amounts due in December 2016 and January 2017. The components of the SERP and Directors' Retirement plans' cost at March 31, 2016 are summarized below. 2016 Beginning accrued benefit cost $ 1,120 Service cost — Interest cost 44 Amortization of prior service costs 1 Net plan termination Credit (41 ) Net periodic benefit cost 4 Benefits paid (40 ) Ending accrued benefit cost $ 1,084 Amounts recognized in consolidated balance sheets: March 31, 2016 Pension obligation $ 1,084 Prior service cost — Net loss (gain) — Total accumulated other comprehensive income, before tax —

Nature of Business and Summar19

Nature of Business and Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation – The accompanying consolidated financial statements include the accounts of the Company and the Bank. All significant intercompany accounts and transactions have been eliminated.
Use of Estimates	Use of Estimates – Preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying disclosures. These estimates are based on management’s best knowledge of current events and actions the Company may undertake in the future. Estimates are used in accounting for, among other items, fair value of financial instruments, the allowance for loan losses, valuation of acquired intangible assets, useful lives for depreciation and amortization, indefinite-lived intangible assets and long-lived assets, deferred tax assets, uncertain income tax positions and contingencies. Management does not anticipate any material changes to estimates made herein in the near term. Factors that may cause sensitivity to the aforementioned estimates include, but are not limited to, external market factors such as market interest rates and unemployment rates, changes to operating policies and procedures, and changes in applicable banking regulations. Actual results may ultimately differ from estimates, although management does not generally believe such differences would materially affect the consolidated financial statements in any individual reporting period.
Investment Securities; Held to Maturity and Available for Sale	Investment Securities; Held to Maturity and Available for Sale – Management determines the appropriate classification of investment securities at the time of purchase and reevaluates such designation as of the date of each balance sheet. Securities are classified as held to maturity when the Company has the positive intent and ability to hold the securities to maturity. Held to maturity securities are stated at amortized cost. Investment securities not classified as held to maturity are classified as available for sale. Available for sale securities are stated at fair value, with unrealized holding gains and losses deemed other than temporarily impaired due to non-credit issues being reported in other comprehensive income (loss), net of tax. Unrealized losses deemed other-than-temporary due to credit issues are reported in the Company’s net income in the period in which the losses arise. Interest income includes amortization of purchase premium or accretion of purchase discount. Amortization of premiums and accretion of discounts are recognized in interest income using the interest method over the estimated lives of the underlying securities. The Company evaluates securities for other-than-temporary impairment at least on a quarterly basis, and more frequently when economic or market concerns warrant such evaluation. As part of such monitoring, the credit quality of individual securities and their issuer is assessed. Significant inputs used to measure the amount of other-than-temporary impairment related to credit loss include, but are not limited to, default and delinquency rates of the underlying collateral, remaining credit support, and historical loss severities. Adjustments to market value of available for sale securities that are considered temporary are recorded as separate components of equity, net of tax. If the unrealized loss of a security is identified as other-than-temporary based on information available, such as the decline in the creditworthiness of the issuer, external market ratings, or the anticipated or realized elimination of associated dividends, such impairments are further analyzed to determine if credit loss exists. If there is a credit loss, it will be recorded in the Company's consolidated statement of operations. Unrealized losses on available for sale securities, other than credit, will continue to be recognized in other comprehensive income (loss), net of tax. Unrealized losses reflected in the preceding tables have not been included in results of operations because the unrealized loss was not deemed other-than-temporary. Management has determined that more likely than not, the Company neither intends to sell, nor will it be required to sell each debt security before its anticipated recovery, and therefore recovery of cost will occur.
Loans	Loans – Loans that management has the intent and ability to hold for the foreseeable future, until maturity or payoff are reported at the principal balance outstanding, net of unearned interest, and net of deferred loan fees and costs. Interest income is accrued on the unpaid principal balance of these loans. Loan origination fees, net of certain direct origination costs, are deferred and recognized in interest income using the interest method without anticipating prepayments. Delinquency fees are recognized into income when chargeable, assuming collection is reasonably insured. Interest income on commercial, mortgage and consumer loans is discontinued according to the following schedules: • Commercial loans, including agricultural and C&I loans, past due 90 days or more; • Closed end consumer loans past due 120 days or more; and • Real estate loans and open ended consumer loans past due 180 days or more. Past due status is based on the contractual terms of the loan. In all cases, loans are placed on nonaccrual status or charged off at an earlier date if collection of principal or interest is considered doubtful. All interest accrued but not received for a loan placed on nonaccrual status is reversed against interest income. Interest received on such loans is accounted for on the cash basis or cost recovery method, and is generally applied against principal, until qualifying for return to accrual status. Loans are returned to accrual status when payments are made that bring the loan account current with the contractual term of the loan and a 6 month payment history has been established. Interest on impaired loans considered troubled debt restructurings (“TDRs”) or substandard, less than 90 days delinquent, is recognized as income as it accrues based on the revised terms of the loan over an established period of continued payment. Substandard loans, as defined by the OCC, our primary banking regulator, are loans that are inadequately protected by the current sound worth and paying capacity of the obligor or of the collateral pledged, if any. Real estate loans and open ended consumer loans are charged off to estimated net realizable value less estimated selling costs at the earlier of when (a) the loan is deemed by management to be uncollectible, or (b) the loan becomes past due 180 days or more. Closed end consumer loans are charged off to net realizable value at the earlier of when (a) the loan is deemed by management to be uncollectible, or (b) the loan becomes past due 120 days or more. Commercial loans, including agricultural and C&I loans, are charged off to net realizable value at the earlier of when (a) the loan is deemed by management to be uncollectible, or (b) the loan becomes past due 90 days or more.
Allowance for Loan Losses	Allowance for Loan Losses – The allowance for loan losses (“ALL”) is a valuation allowance for probable and inherent credit losses in our loan portfolio. Loan losses are charged against the ALL when management believes that the collectability of a loan balance is unlikely. Subsequent recoveries, if any, are credited to the ALL. Management estimates the required ALL balance taking into account the following factors: past loan loss experience; the nature, volume and composition of our loan portfolio; known and inherent risks in our loan portfolio; information about specific borrowers’ ability to repay; estimated collateral values; current economic conditions; and other relevant factors determined by management. The ALL consists of specific and general components. The specific component relates to loans that are individually classified as impaired. The general component covers non-impaired loans and is based on historical loss experience adjusted for certain qualitative factors. The entire ALL balance is available for any loan that, in our management’s judgment, should be charged off. A loan is impaired when full payment under the loan terms is not expected. Impaired loans consist of all TDRs, as well as individual substandard loans not considered a TDR when full payment under the loan terms is not expected. All TDRs are individually evaluated for impairment. See Note 3, “Loans, Allowance for Loan Losses and Impaired Loans” for more information on what we consider to be a TDR. If a TDR or substandard loan is deemed to be impaired, a specific ALL allocation may be established so that the loan is reported, net, at the lower of (a) outstanding principal balance, (b) the present value of estimated future cash flows using the loan’s existing rate; or (c) at the fair value of any collateral, less estimated disposal costs, if repayment is expected solely from the underlying collateral of the loan. For TDRs less than 90 days past due, and certain substandard loans that are less than 90 days delinquent, the likelihood of the loan migrating to over 90 days past due is also taken into account when determining the specific ALL allocation for these particular loans. Large groups of smaller balance homogeneous loans, such as consumer and residential real estate loans, as well as non-TDR commercial loans, are collectively evaluated for impairment, and accordingly, are not separately identified for impairment disclosures.
Foreclosed and Repossessed Assets, net	Foreclosed and Repossessed Assets, net – Assets acquired through foreclosure or repossession are initially recorded at fair value, less estimated costs to sell, which establishes a new cost basis. If the fair value declines subsequent to foreclosure or repossession, a valuation allowance is recorded through expense. Costs incurred after acquisition are expensed and are included in non-interest expense, other on our Consolidated Statements of Operations.
Income Taxes	Income Taxes – The Company accounts for income taxes in accordance with the Financial Accounting Standards Board ("FASB") Accounting Standards Codification (“ASC”) Topic 740, “Income Taxes.” Under this guidance, deferred taxes are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates that will apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized as income or expense in the period that includes the enactment date. See Note 6, "Income Taxes" for details on the Company’s income taxes. The Company regularly reviews the carrying amount of its net deferred tax assets to determine if the establishment of a valuation allowance is necessary. If based on the available evidence, it is more likely than not that all or a portion of the Company’s net deferred tax assets will not be realized in future periods, a deferred tax valuation allowance would be established. Consideration is given to various positive and negative factors that could affect the realization of the deferred tax assets. In evaluating this available evidence, management considers, among other things, historical performance, expectations of future earnings, the ability to carry back losses to recoup taxes previously paid, the length of statutory carryforward periods, any experience with utilization of operating loss and tax credit carryforwards not expiring, tax planning strategies and timing of reversals of temporary differences. Significant judgment is required in assessing future earnings trends and the timing of reversals of temporary differences. Accordingly, the Company’s evaluation is based on current tax laws as well as management’s expectations of future performance.
Earnings Per Share	Earnings Per Share – Basic earnings per common share is net income or loss divided by the weighted average number of common shares outstanding during the period. Diluted earnings per common share includes the dilutive effect of additional potential common shares issuable during the period, consisting of stock options outstanding under the Company’s stock incentive plans that have an exercise price that is less than the Company's stock price on the reporting date.
Reclassifications	Reclassifications – Certain items previously reported were reclassified for consistency with the current presentation.
Recent Accounting Pronouncements	Recent Accounting Pronouncements - In March 2016, the FASB issued Accounting Standards Update ("ASU") 2016-09 Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting. ASU 2016-09 is intended to simplify certain areas of share-based payment transaction accounting, including the income tax consequences, equity or liability classification of certain share awards, and classification on the statement of cash flows. ASU 2016-09 is effective for the annual periods, and interim periods within those annual periods, beginning after December 15, 2016. Early adoption is permitted. The Company is currently evaluating the effect on the consolidated results of operations, financial position and cash flows. In February 2016, the FASB issued ASU 2016-02 "Leases (Topic 842)". ASU 2016-02 is intended to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. ASU 2016-02 is effective for the annual periods, and interim periods within those annual periods, beginning after December 15, 2018. Early adoption is permitted. The Company expects the adoption of ASU 2016-02 to have no material effect on the Company's consolidated results of operations, financial position or cash flows. In January 2016, the FASB issued ASU 2016-01 "Financial Instruments-overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities”. ASU 2016-01 is intended to address certain aspects of recognition, measurement, presentation and disclosure of financial instruments. For public entities, ASU 2016-01 is effective for the annual periods, and interim periods within those annual periods, beginning after December 15, 2017. Early adoption is not permitted, except for certain provisions of ASU 2016-01, which are not applicable to the Company. The Company expects the adoption of ASU 2016-01 to have no material effect on the Company's consolidated results of operations, financial position or cash flows. In August 2014, the FASB issued ASU 2014-14; "Receivables - Troubled Debt Restructurings by Creditors (Subtopic 310-40): Classification of Certain Government-Guaranteed Mortgage Loans upon Foreclosure (a consensus of the FASB Emerging Issues Task Force)". ASU 2014-14 is intended to improve accounting and disclosure consistency related to how creditors classify government-guaranteed mortgage loans, including the Federal HOusing Adminstration ("FHA") or UNited States Department of Veterans Affairs ("VA") guaranteed loans, upon foreclosure. For public entities, ASU 2014-09 is effective on a prospective basis for the annual periods, and interim periods within those annual periods, beginning after December 15, 2014. The Company has adopted ASU 2014-14 effective December 31, 2015. The adoption of ASU 2014-04 had no effect on the Company's consolidated results of operations, financial position or cash flows. In May 2014, the FASB issued ASU 2014-09; "Revenue from Contracts with Customers (Topic 606). ASU 2014-09 is intended to clarify and simplify revenue recognition principles, develop a common revenue standard across industries and accounting frameworks, and improve the usefulness and consistency of revenue reporting. The effective dates for ASU 2014-09 were deferred one year when the FASB issued ASU 2015-14 "Revenue from Contracts with Customers (Topic 606: Deferral of the Effective Date" in August 2015. For public entities, ASU 2014-09 is effective on a retrospective basis for the annual periods, and interim periods within those annual periods, beginning after December 15, 2017. Early adoption is not permitted. The Company expects the adoption of ASU 2014-09 will have no material effect on the Company's consolidated results of operations, financial position or cash flows. In January 2014, the FASB issued ASU 2014-04; "Receivables - Troubled Debt Restructurings by Creditors (Subtopic 310-40): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure (a consensus of the FASB Emerging Issues Task Force)". ASU 2014-04 is intended to improve consistency among reporting entities by clarifying when an in substance foreclosure occurs, that is, when a creditor should derecognize a loan and recognize the corresponding real estate collateral as a separate asset. For public entities, ASU 2014-04 is effective for the annual periods, and interim periods within those annual periods, beginning after December 15, 2014. The Company has adopted ASU 2014-04 effective December 31, 2015. The adoption of ASU 2014-04 had no effect on the Company's consolidated results of operations, financial position or cash flows.

Fair Value Accounting (Tables)

Fair Value Accounting (Tables)	6 Months Ended
	Mar. 31, 2016
Fair Value Disclosures [Abstract]
Assets Measured on a Recurring Basis	The following tables present the financial instruments measured at fair value on a recurring basis as of March 31, 2016 and September 30, 2015 : Fair Value Quoted Prices in Active Markets for Identical Instruments (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) March 31, 2016 Investment securities: U.S. government agency obligations $ 16,279 $ — $ 16,279 $ — Obligations of states and political subdivisions 30,145 — 30,145 — Mortgage-backed securities 39,610 — 39,610 — Federal Agricultural Mortgage Corporation 80 — 80 — Total $ 86,114 $ — $ 86,114 $ — September 30, 2015 Investment securities: U.S. government agency obligations $ 15,020 $ — $ 15,020 $ — Obligations of states and political subdivisions 27,407 — 27,407 — Mortgage-backed securities 37,440 — 37,440 — Federal Agricultural Mortgage Corporation 54 — 54 — Total $ 79,921 $ — $ 79,921 $ —
Assets Measured on a Nonrecurring Basis	The following tables present the financial instruments measured at fair value on a nonrecurring basis as of March 31, 2016 and September 30, 2015 : Fair Value Quoted Prices in Active Markets for Identical Instruments (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) March 31, 2016 Foreclosed and repossessed assets, net $ 832 $ — $ — $ 832 Impaired loans with allocated allowances 1,821 — — 1,821 Total $ 2,653 $ — $ — $ 2,653 September 30, 2015 Foreclosed and repossessed assets, net $ 902 $ — $ — $ 902 Impaired loans with allocated allowances 2,349 — — 2,349 Total $ 3,251 $ — $ — $ 3,251
Carrying amount and estimated fair value of financial instruments	The carrying amount and estimated fair value of the Company's financial instruments as of the dates indicated below were as follows: March 31, 2016 September 30, 2015 Carrying Amount Estimated Fair Value Carrying Amount Estimated Fair Value Financial assets: Cash and cash equivalents $ 22,012 $ 22,012 $ 23,872 $ 23,872 Interest-bearing deposits 2,992 3,061 2,992 3,022 Investment securities 93,541 93,773 87,933 88,140 Non-marketable equity securities, at cost 4,626 4,626 4,626 4,626 Loans receivable, net 460,189 479,624 444,014 462,227 Accrued interest receivable 1,725 1,725 1,574 1,574 Financial liabilities: Deposits $ 473,833 $ 477,794 $ 456,298 $ 460,450 FHLB advances 61,474 61,567 58,891 59,357 Accrued interest payable 38 38 18 18

Loans, Allowance for Loan Los21

Loans, Allowance for Loan Losses and Impaired Loans (Tables)	6 Months Ended
	Mar. 31, 2016
Receivables [Abstract]
Schedule of loans by risk rating	Below is a breakdown of loans by risk rating as of March 31, 2016 : 1 to 5 6 7 8 9 TOTAL Real estate loans: Consumer $ 171,848 $ — $ 1,476 $ — $ — $ 173,324 Commercial/agricultural 85,821 — — — — 85,821 Total real estate loans 257,669 — 1,476 — — 259,145 Consumer and other loans: 204,883 — 472 — 2 205,357 Gross loans $ 462,552 $ — $ 1,948 $ — $ 2 $ 464,502 Net deferred loan costs (fees) 1,990 Allowance for loan losses (6,303 ) Loans receivable, net $ 460,189 Below is a breakdown of loans by risk rating as of September 30, 2015 : 1 to 5 6 7 8 9 TOTAL Real estate loans: Consumer $ 179,946 $ — $ 1,260 $ — $ — $ 181,206 Commercial/agricultural 63,266 — — — — 63,266 Total real estate loans 243,212 — 1,260 — — 244,472 Consumer and other loans: 203,054 — 547 — 7 203,608 Gross loans $ 446,266 $ — $ 1,807 $ — $ 7 $ 448,080 Net deferred loan costs (fees) 2,430 Allowance for loan losses (6,496 ) Loans receivable, net $ 444,014
Changes in a specific component on impaired loans and a general component for non-impaired loans for the periods	Changes in the ALL by loan type for the periods presented below were as follows: Consumer Real Estate Commercial/Agriculture Real Estate Consumer and Other Unallocated Total Six Months Ended March 31, 2016: Allowance for Loan Losses: Beginning balance, October 1, 2015 $ 2,364 $ 1,617 $ 2,263 $ 252 $ 6,496 Charge-offs (55 ) — (308 ) — (363 ) Recoveries 4 — 91 — 95 Provision 30 10 35 — 75 Allowance allocation adjustment (420 ) 208 182 30 — Ending balance, March 31, 2016 $ 1,923 $ 1,835 $ 2,263 $ 282 $ 6,303 Allowance for Loan Losses at March 31, 2016: Amount of allowance for loan losses arising from loans individually evaluated for impairment $ 136 $ — $ 26 $ — $ 162 Amount of allowance for loan losses arising from loans collectively evaluated for impairment $ 1,787 $ 1,835 $ 2,237 $ 282 $ 6,141 Loans Receivable as of March 31, 2016: Ending balance $ 172,915 $ 85,821 $ 207,756 $ — $ 466,492 Ending balance: individually evaluated for impairment $ 4,429 $ — $ 704 $ — $ 5,133 Ending balance: collectively evaluated for impairment $ 168,486 $ 85,821 $ 207,052 $ — $ 461,359 Consumer Real Estate Commercial/Agriculture Real Estate Consumer and Other Unallocated Total Year Ended September 30, 2015: Allowance for Loan Losses: Beginning balance, October 1, 2014 $ 2,759 $ — $ 3,747 $ — $ 6,506 Charge-offs (405 ) — (601 ) — (1,006 ) Recoveries 69 — 271 — 340 Provision 382 16 258 — 656 Allowance allocation adjustment (441 ) 1,601 (1,412 ) 252 — Ending balance, September 30, 2015 $ 2,364 $ 1,617 $ 2,263 $ 252 $ 6,496 Allowance for Loan Losses at September 30, 2015: Amount of allowance for loan losses arising from loans individually evaluated for impairment $ 463 $ — $ 119 $ — $ 582 Amount of allowance for loan losses arising from loans collectively evaluated for impairment $ 1,901 $ 1,617 $ 2,144 $ 252 $ 5,914 Loans Receivable as of September 30, 2015: Ending balance $ 180,693 $ 63,266 $ 206,551 $ — $ 450,510 Ending balance: individually evaluated for impairment $ 4,466 $ — $ 848 $ — $ 5,314 Ending balance: collectively evaluated for impairment $ 176,227 $ 63,266 $ 205,703 $ — $ 445,196
Loans receivable	Loans receivable by loan type as of the end of the periods shown below were as follows: Real Estate Loans Commercial/Agriculture Real Estate Loans Consumer and Other Loans Total Loans March 31, 2016 September 30, 2015 March 31, 2016 September 30, 2015 March 31, 2016 September 30, 2015 March 31, 2016 September 30, 2015 Performing loans Performing TDR loans $ 2,953 $ 3,206 $ — $ — $ 353 $ 472 $ 3,306 $ 3,678 Performing loans other 168,819 176,650 85,821 63,266 207,067 205,695 461,707 445,611 Total performing loans 171,772 179,856 85,821 63,266 207,420 206,167 465,013 449,289 Nonperforming loans (1) Nonperforming TDR loans 524 273 — — 59 59 583 332 Nonperforming loans other 619 564 — — 277 325 896 889 Total nonperforming loans 1,143 837 — — 336 384 1,479 1,221 Total loans $ 172,915 $ 180,693 $ 85,821 $ 63,266 $ 207,756 $ 206,551 $ 466,492 $ 450,510 (1) Nonperforming loans are either 90+ days past due or nonaccrual.
Aging analysis of the Bank real estate and consumer loans	An aging analysis of the Company’s real estate, commercial/agriculture real estate, consumer and other loans and purchased third party loans as of March 31, 2016 and September 30, 2015 , respectively, was as follows: 30-59 Days Past Due 60-89 Days Past Due Greater Than 89 Days Total Past Due Current Total Loans Recorded Investment > 89 days and Accruing March 31, 2016 Real estate loans $ 1,246 $ 55 $ 734 $ 2,035 $ 170,880 $ 172,915 $ 163 Commercial/Agriculture real estate — — — — 85,821 85,821 — Consumer and other loans 427 22 103 552 161,569 162,121 1 Purchased third party loans 427 183 123 733 44,902 45,635 123 Total $ 2,100 $ 260 $ 960 $ 3,320 $ 463,172 $ 466,492 $ 287 September 30, 2015 Real estate loans $ 555 $ 500 $ 387 $ 1,442 $ 179,251 $ 180,693 $ 244 Commercial/Agriculture real estate — — — — 63,266 63,266 — Consumer and other loans 386 65 135 586 166,260 166,846 52 Purchased third party loans 238 189 177 604 39,101 39,705 177 Total $ 1,179 $ 754 $ 699 $ 2,632 $ 447,878 $ 450,510 $ 473
Bank impaired loans	A summary of the Company’s impaired loans as of March 31, 2016 and September 30, 2015 was as follows: With No Related Allowance Recorded With An Allowance Recorded Totals Consumer Real Estate Commercial/Agricultural Real Estate Consumer and Other Total Consumer Real Estate Commercial/Agricultural Real Estate Consumer and Other Total Consumer Real Estate Commercial/Agricultural Real Estate Consumer and Other Total Recorded investment at March 31, 2016 $ 2,779 $ — $ 533 $ 3,312 $ 1,650 $ — $ 171 $ 1,821 $ 4,429 $ — $ 704 $ 5,133 Unpaid balance at March 31, 2016 2,779 — 533 3,312 1,650 — 171 1,821 4,429 — 704 5,133 Recorded investment at September 30, 2015 2,494 — 471 2,965 1,972 — 377 2,349 4,466 — 848 5,314 Unpaid balance at September 30, 2015 2,494 — 471 2,965 1,972 — 377 2,349 4,466 — 848 5,314 Average recorded investment; Six months ended March 31, 2016 2,866 — 542 3,408 1,665 — 235 1,900 4,531 — 777 5,308 Average recorded investment; twelve months ended September 30, 2015 3,178 — 485 3,663 2,220 — 556 2,776 5,398 — 1,041 6,439 Interest income received; six months ended March 31, 2016 60 — 23 83 20 — 3 23 80 — 26 106 Interest income received; twelve months ended September 30, 2015 136 — 35 171 61 — 23 84 197 — 58 255
Troubled Debt Restructuring	A summary of loans by loan type modified in a troubled debt restructuring as of March 31, 2016 and March 31, 2015 , and during each of the six months then ended was as follows: Consumer Real Estate Commercial/Agricultural Real Estate Consumer and Other Total March 31, 2016 and Six Months then Ended: Accruing / Performing: Beginning balance $ 3,206 $ — $ 472 $ 3,678 Principal payments (62 ) — (80 ) (142 ) Charge-offs — — — — Advances — — 1 1 New restructured (1) 223 — 6 229 Class transfers out (2) — — — — Transfers between accrual/non-accrual (414 ) — (46 ) (460 ) Ending balance $ 2,953 $ — $ 353 $ 3,306 Non-accrual / Non-performing: Beginning balance $ 273 $ — $ 59 $ 332 Principal payments (131 ) — (22 ) (153 ) Charge-offs (34 ) — (25 ) (59 ) Advances 2 — 1 3 New restructured (1) — — — — Class transfers out (2) — — — — Transfers between accrual/non-accrual 414 — 46 460 Ending balance $ 524 $ — $ 59 $ 583 Totals: Beginning balance $ 3,479 $ — $ 531 $ 4,010 Principal payments (193 ) — (102 ) (295 ) Charge-offs (34 ) — (25 ) (59 ) Advances 2 — 2 4 New restructured (1) 223 — 6 229 Class transfers out (2) — — — — Transfers between accrual/non-accrual — — — — Ending balance $ 3,477 $ — $ 412 $ 3,889 (1) “New restructured” represent loans restructured during the applicable period that met TDR criteria in accordance with the Bank’s policy at the time of the restructuring. (2) “Class transfers out” represent previously restructured loans that are in compliance with the modified terms for a minimum of one year, are yielding a market rate and conform to normal underwriting standards. Consumer Real Estate Commercial/Agricultural Real Estate Consumer and Other Total March 31, 2015 and Six Months then Ended: Accruing / Performing: Beginning balance $ 4,535 $ — $ 797 $ 5,332 Principal payments (398 ) — (136 ) (534 ) Charge-offs — — (2 ) (2 ) Advances 10 — — 10 New restructured (1) 17 — 14 31 Class transfers out (2) (181 ) — — (181 ) Transfers between accrual/non-accrual — — (42 ) (42 ) Ending balance $ 3,983 $ — $ 631 $ 4,614 Non-accrual / Non-performing: Beginning balance $ 202 $ — $ 47 $ 249 Principal payments (102 ) — (4 ) (106 ) Charge-offs (16 ) — (31 ) (47 ) Advances — — — — New restructured (1) — — — — Class transfers out (2) — — — — Transfers between accrual/non-accrual — — 42 42 Ending balance $ 84 $ — $ 54 $ 138 Totals: Beginning balance $ 4,737 $ — $ 844 $ 5,581 Principal payments (500 ) — (140 ) (640 ) Charge-offs (16 ) — (33 ) (49 ) Advances 10 — — 10 New restructured (1) 17 — 14 31 Class transfers out (2) (181 ) — — (181 ) Transfers between accrual/non-accrual — — — — Ending balance $ 4,067 $ — $ 685 $ 4,752 (1) “New restructured” represent loans restructured during the applicable period that met TDR criteria in accordance with the Bank’s policy at the time of the restructuring. (2) “Class transfers out” represent previously restructured loans that are in compliance with the modified terms for a minimum of one year, are yielding a market rate and conform to normal underwriting standards. Below is a breakdown of troubled debt restructurings: March 31, 2016 September 30, 2015 Number of Modifications Recorded Investment Number of Modifications Recorded Investment Troubled debt restructurings: Consumer Real Estate 33 $ 3,477 34 $ 3,479 Commercial/Agricultural Real Estate — — — — Consumer and other 28 412 39 531 Total troubled debt restructurings 61 $ 3,889 73 $ 4,010

Investment Securities (Tables)

Investment Securities (Tables)	6 Months Ended
	Mar. 31, 2016
Investments, Debt and Equity Securities [Abstract]
Summary of amortized cost, estimated fair value and related unrealized gains and losses on securities available for sale	The amortized cost, estimated fair value and related unrealized gains and losses on securities available for sale and held to maturity as of March 31, 2016 and September 30, 2015 , respectively, were as follows: Available for sale securities Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value March 31, 2016 U.S. government agency obligations $ 16,346 $ 33 $ 100 $ 16,279 Obligations of states and political subdivisions 29,830 361 46 30,145 Mortgage-backed securities 39,447 202 39 39,610 Federal Agricultural Mortgage Corporation 71 9 — 80 Total available for sale securities $ 85,694 $ 605 $ 185 $ 86,114 September 30, 2015 U.S. government agency obligations $ 15,240 $ — $ 220 $ 15,020 Obligations of states and political subdivisions 27,573 81 247 27,407 Mortgage-backed securities 37,451 133 144 37,440 Federal Agricultural Mortgage Corporation 71 — 17 54 Total available for sale securities $ 80,335 $ 214 $ 628 $ 79,921
Held-to-maturity Securities	Held to maturity securities Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value March 31, 2016 Obligations of states and political subdivisions $ 1,317 $ 9 $ — $ 1,326 Mortgage-backed securities 6,110 223 — 6,333 Total held to maturity securities $ 7,427 $ 232 $ — $ 7,659 September 30, 2015 Obligations of states and political subdivisions $ 1,319 $ 3 $ 4 $ 1,318 Mortgage-backed securities 6,693 208 — 6,901 Total held to maturity securities $ 8,012 $ 211 $ 4 $ 8,219

Federal Home Loan Bank Advanc23

Federal Home Loan Bank Advances (Tables)	6 Months Ended
	Mar. 31, 2016
Banking and Thrift [Abstract]
A summary of Federal Home Loan Bank advances	A summary of Federal Home Loan Bank advances at March 31, 2016 and September 30, 2015 was as follows: As of Weighted Average Rate As of Weighted Average Rate Maturing during the fiscal year March 31, September 30, Ended September 30, 2016 2015 2016 $ 36,183 0.60 % $ 33,600 0.67 % 2017 15,461 1.46 % 15,461 1.46 % 2018 6,100 2.24 % 6,100 2.24 % 2019 3,730 1.87 % 3,730 1.87 % 2020 — — % — — % Total fixed maturity $ 61,474 1.06 % $ 58,891 1.12 % Advances with amortizing principal — — % — — % Total advances $ 61,474 1.06 % $ 58,891 1.12 % Irrevocable standby letters of credit $ 15,560 $ 24,040 Total credit outstanding $ 77,034 $ 82,931

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Mar. 31, 2016
Income Tax Disclosure [Abstract]
Income tax expense (benefit)	Income tax expense (benefit) for each of the periods shown below consisted of the following: Six months ended March 31, 2016 Six months ended March 31, 2015 Current tax provision Federal $ 482 $ 820 State 81 123 563 943 Deferred tax (benefit) provision Federal 235 (169 ) State 45 1 280 (168 ) Total $ 843 $ 775
The provision for income taxes differs from the amount of income tax determined by applying statutory federal income tax rates to pretax income	The provision for income taxes differs from the amount of income tax determined by applying statutory federal income tax rates to pretax income as result of the following differences: Six months ended March 31, 2016 Six months ended March 31, 2015 Amount Rate Amount Rate Tax expense at statutory rate $ 817 34.0 % $ 709 34.0 % State income taxes net of federal taxes 126 5.2 124 6.0 Tax exempt interest (76 ) (3.2 ) (23 ) (1.1 ) Other (24 ) (0.9 ) (35 ) (1.7 ) Total $ 843 35.1 % $ 775 37.2 %
Deferred Tax Assets and Liabilities	The following is a summary of the significant components of the Company’s deferred tax assets and liabilities as of March 31, 2016 and September 30, 2015 , respectively: March 31, 2016 September 30, 2015 Deferred tax assets: Allowance for loan losses $ 2,469 $ 2,544 Deferred loan costs/fees 113 145 Director/officer compensation plans 545 536 Net unrealized loss on securities available for sale — 166 Economic performance accruals 386 388 Other 120 132 Deferred tax assets 3,633 3,911 Deferred tax liabilities: Office properties and equipment (253 ) (114 ) Net unrealized gain on securities available for sale (168 ) — Other (117 ) (110 ) Deferred tax liabilities (538 ) (224 ) Net deferred tax assets $ 3,095 $ 3,687

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Mar. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of restricted stock awards	Restricted Common Stock Award March 31, 2016 September 30, 2015 Number of Shares Weighted Number of Shares Weighted Restricted Shares Unvested and outstanding at beginning of fiscal year 46,857 $ 7.59 41,014 $ 6.51 Granted — — 17,500 9.20 Vested (10,595 ) 7.56 (11,657 ) 6.18 Forfeited — — — — Unvested and outstanding fiscal to date 36,262 $ 7.60 46,857 $ 7.59
Summary of stock option activity	Common Stock Option Awards Option Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term Aggregate Intrinsic Value 2016 Outstanding at September 30, 2015 171,737 $ 7.46 Granted 17,000 9.21 Exercised (17,272 ) Forfeited or expired — Outstanding at March 31, 2016 171,465 $ 7.83 7.15 Exercisable at March 31, 2016 69,120 $ 7.49 5.59 $ 103 Fully vested and expected to vest 171,465 $ 7.83 7.15 $ 209 2015 Outstanding at September 30, 2014 179,192 $ 6.52 Granted 50,000 9.20 Exercised (51,955 ) Forfeited or expired (5,500 ) Outstanding at September 30, 2015 171,737 $ 7.46 7.58 Exercisable at September 30, 2015 63,764 $ 6.79 5.33 Fully vested and expected to vest 171,737 $ 7.46 7.58
Information related to stock option plan	Information related to the 2004 Stock Option and Incentive Plan and 2008 Equity Incentive Plan during each year follows: 2016 2015 Intrinsic value of options exercised $ 60 $ 180 Cash received from options exercised $ 95 $ 299 Tax benefit realized from options exercised $ — $ 9
Assumption used in calculating stock option expense	Set forth below is a table showing relevant assumptions used in calculating stock option expense related to the Company’s 2004 Stock Option and Incentive Plan and 2008 Equity Incentive Plan: 2016 2015 Dividend yield 0.87 % 0.88 % Risk-free interest rate 2.1 % 2.1 % Weighted average expected life (years) 10 10 Expected volatility 3 % 2 %

Other Comprehensive Income (L26

Other Comprehensive Income (Loss) (Tables)	6 Months Ended
	Mar. 31, 2016
Equity [Abstract]
Tax Effects Allocated to Each Component of Other Comprehensive Income	The following table shows the tax effects allocated to each component of other comprehensive income for the six months ended March 31, 2016 : Before-Tax Amount Tax Expense Net-of-Tax Amount Unrealized gains (losses) on securities: Net unrealized gains arising during the period $ 831 (333 ) $ 498 Less: reclassification adjustment for gains included in net income 4 (1 ) 3 Defined benefit plans: Amortization of unrecognized prior service costs and net gains (58 ) 23 (35 ) Other comprehensive income $ 777 $ (311 ) $ 466
Changes in the accumulated balances for each component of other comprehensive income	The changes in the accumulated balances for each component of other comprehensive income (loss) for the six months ended March 31, 2016 were as follows: Unrealized Gains (Losses) on Securities Defined Benefit Plans Other Comprehensive Income (Loss) Balance, October 1, 2015 $ (249 ) $ 35 $ (214 ) Current year-to-date other comprehensive income, net of tax 501 (35 ) 466 Ending balance, March 31, 2016 $ 252 $ — $ 252

Termination of Certain Retire27

Termination of Certain Retirement Plans (Tables)	6 Months Ended
	Mar. 31, 2016
Compensation and Retirement Disclosure [Abstract]
Schedule of Components of the SERP and Directors' Retirement Plans' Cost	The components of the SERP and Directors' Retirement plans' cost at March 31, 2016 are summarized below. 2016 Beginning accrued benefit cost $ 1,120 Service cost — Interest cost 44 Amortization of prior service costs 1 Net plan termination Credit (41 ) Net periodic benefit cost 4 Benefits paid (40 ) Ending accrued benefit cost $ 1,084
Schedule of Amounts Recognized in Balance Sheet	Amounts recognized in consolidated balance sheets: March 31, 2016 Pension obligation $ 1,084 Prior service cost — Net loss (gain) — Total accumulated other comprehensive income, before tax —

Nature of Business and Summar28

Nature of Business and Summary of Significant Accounting Policies (Details)	6 Months Ended
	Mar. 31, 2016LocationService_Office
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total number of service offices | Service_Office	16
Number of stand-alone locations	8
Number of in-store branch locations	8
Interest income recognized debt past due (less than days)	90 days
Loans charged off past due more than days	180 days
Closed end loan charged off past due more than days	120 days
Commercial Loan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest income discontinued over delinquent days	90 days
Closed End Consumer Loan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest income discontinued over delinquent days	120 days
Real Estate and Open Ended Consumer Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest income discontinued over delinquent days	180 days

Fair Value Accounting (Details)

Fair Value Accounting (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Sep. 30, 2015
Assets Measured on a Recurring Basis
Investment securities, Fair Value	$ 93,773	$ 88,140
Fair Value, Measurements, Recurring
Assets Measured on a Recurring Basis
Investment securities, Fair Value	86,114	79,921
Fair Value, Measurements, Recurring | U.S. government agency obligations
Assets Measured on a Recurring Basis
Investment securities, Fair Value	16,279	15,020
Fair Value, Measurements, Recurring | Obligations of states and political subdivisions
Assets Measured on a Recurring Basis
Investment securities, Fair Value	30,145	27,407
Fair Value, Measurements, Recurring | Mortgage-backed securities
Assets Measured on a Recurring Basis
Investment securities, Fair Value	39,610	37,440
Fair Value, Measurements, Recurring | Federal Agricultural Mortgage Corporation
Assets Measured on a Recurring Basis
Investment securities, Fair Value	80	54
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Instruments (Level 1)
Assets Measured on a Recurring Basis
Investment securities, Fair Value	0	0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Instruments (Level 1) | U.S. government agency obligations
Assets Measured on a Recurring Basis
Investment securities, Fair Value	0	0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Instruments (Level 1) | Obligations of states and political subdivisions
Assets Measured on a Recurring Basis
Investment securities, Fair Value	0	0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Instruments (Level 1) | Mortgage-backed securities
Assets Measured on a Recurring Basis
Investment securities, Fair Value	0	0
Fair Value, Measurements, Recurring | Quoted Prices in Active Markets for Identical Instruments (Level 1) | Federal Agricultural Mortgage Corporation
Assets Measured on a Recurring Basis
Investment securities, Fair Value	0	0
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2)
Assets Measured on a Recurring Basis
Investment securities, Fair Value	86,114	79,921
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | U.S. government agency obligations
Assets Measured on a Recurring Basis
Investment securities, Fair Value	16,279	15,020
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Obligations of states and political subdivisions
Assets Measured on a Recurring Basis
Investment securities, Fair Value	30,145	27,407
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Mortgage-backed securities
Assets Measured on a Recurring Basis
Investment securities, Fair Value	39,610	37,440
Fair Value, Measurements, Recurring | Significant Other Observable Inputs (Level 2) | Federal Agricultural Mortgage Corporation
Assets Measured on a Recurring Basis
Investment securities, Fair Value	80	54
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3)
Assets Measured on a Recurring Basis
Investment securities, Fair Value	0	0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Obligations of states and political subdivisions
Assets Measured on a Recurring Basis
Investment securities, Fair Value	0	0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Mortgage-backed securities
Assets Measured on a Recurring Basis
Investment securities, Fair Value	0	0
Fair Value, Measurements, Recurring | Significant Unobservable Inputs (Level 3) | Federal Agricultural Mortgage Corporation
Assets Measured on a Recurring Basis
Investment securities, Fair Value	$ 0	$ 0

Fair Value Accounting (Details

Fair Value Accounting (Details 2) - Fair Value, Measurements, Nonrecurring - USD ($) $ in Thousands	Mar. 31, 2016	Sep. 30, 2015
Assets Measured on a Nonrecurring Basis
Foreclosed and repossessed assets, net	$ 832	$ 902
Impaired loans with allocated allowances	1,821	2,349
Total	2,653	3,251
Quoted Prices in Active Markets for Identical Instruments (Level 1)
Assets Measured on a Nonrecurring Basis
Foreclosed and repossessed assets, net	0
Impaired loans with allocated allowances	0
Total	0
Significant Other Observable Inputs (Level 2)
Assets Measured on a Nonrecurring Basis
Foreclosed and repossessed assets, net	0	0
Impaired loans with allocated allowances	0	0
Total	0	0
Significant Unobservable Inputs (Level 3)
Assets Measured on a Nonrecurring Basis
Foreclosed and repossessed assets, net	832	902
Impaired loans with allocated allowances	1,821	2,349
Total	$ 2,653	$ 3,251

Fair Value Accounting (Detail31

Fair Value Accounting (Details 3) - USD ($) $ in Thousands	Mar. 31, 2016	Sep. 30, 2015	Mar. 31, 2015	Sep. 30, 2014
Financial assets:
Cash and cash equivalents, Carrying Amount	$ 22,012	$ 23,872	$ 35,879	$ 11,434
Cash and cash equivalents, Fair Value	22,012	23,872
Interest-bearing deposits, Carrying Value	2,992	2,992
Interest-bearing deposits, Fair Value	3,061	3,022
Investment securities, Carrying Value	93,541	87,933
Investment securities, Fair Value	93,773	88,140
Non-marketable equity securities, at cost, Carrying amount	4,626	4,626
Non-marketable equity securities, at cost, Fair Value	4,626	4,626
Loans receivable, net, Carrying Amount	460,189	444,014
Loans receivable, net, Fair Value	479,624	462,227
Accrued interest receivable, Carrying Amount	1,725	1,574
Accrued interest receivables, Fair Value	1,725	1,574
Financial liabilities:
Deposits, Carrying Amount	473,833	456,298
Deposits, Fair Value	477,794	460,450
FHLB advances, Carrying Amount	61,474	58,891
FHLB advances, Fair Value	61,567	59,357
Accrued interest payable, Carrying Amount	38	18
Accrued interest payable, Fair Value	$ 38	$ 18

Loans, Allowance for Loan Los32

Loans, Allowance for Loan Losses and Impaired Loans Details (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Sep. 30, 2015	Sep. 30, 2014
Mortgage Loans on Real Estate [Line Items]
Gross loans	$ 464,502	$ 448,080
Net deferred loan costs (fees)	1,990	2,430
Allowance for loan losses	(6,303)	(6,496)	$ (6,506)
Loans receivable, net	460,189	444,014
1 to 5
Mortgage Loans on Real Estate [Line Items]
Gross loans	462,552	446,266
6
Mortgage Loans on Real Estate [Line Items]
Gross loans	0	0
7
Mortgage Loans on Real Estate [Line Items]
Gross loans	1,948	1,807
8
Mortgage Loans on Real Estate [Line Items]
Gross loans	0	0
9
Mortgage Loans on Real Estate [Line Items]
Gross loans	2	7
Real estate loans:
Mortgage Loans on Real Estate [Line Items]
Gross loans	259,145	244,472
Real estate loans: | Consumer
Mortgage Loans on Real Estate [Line Items]
Gross loans	173,324	181,206
Real estate loans: | Commercial/agricultural
Mortgage Loans on Real Estate [Line Items]
Gross loans	85,821	63,266
Real estate loans: | 1 to 5
Mortgage Loans on Real Estate [Line Items]
Gross loans	257,669	243,212
Real estate loans: | 1 to 5 | Consumer
Mortgage Loans on Real Estate [Line Items]
Gross loans	171,848	179,946
Real estate loans: | 1 to 5 | Commercial/agricultural
Mortgage Loans on Real Estate [Line Items]
Gross loans	85,821	63,266
Real estate loans: | 6
Mortgage Loans on Real Estate [Line Items]
Gross loans	0	0
Real estate loans: | 6 | Consumer
Mortgage Loans on Real Estate [Line Items]
Gross loans	0	0
Real estate loans: | 6 | Commercial/agricultural
Mortgage Loans on Real Estate [Line Items]
Gross loans	0	0
Real estate loans: | 7
Mortgage Loans on Real Estate [Line Items]
Gross loans	1,476	1,260
Real estate loans: | 7 | Consumer
Mortgage Loans on Real Estate [Line Items]
Gross loans	1,476	1,260
Real estate loans: | 7 | Commercial/agricultural
Mortgage Loans on Real Estate [Line Items]
Gross loans	0	0
Real estate loans: | 8
Mortgage Loans on Real Estate [Line Items]
Gross loans	0	0
Real estate loans: | 8 | Consumer
Mortgage Loans on Real Estate [Line Items]
Gross loans	0	0
Real estate loans: | 8 | Commercial/agricultural
Mortgage Loans on Real Estate [Line Items]
Gross loans	0	0
Real estate loans: | 9
Mortgage Loans on Real Estate [Line Items]
Gross loans	0	0
Real estate loans: | 9 | Consumer
Mortgage Loans on Real Estate [Line Items]
Gross loans	0	0
Real estate loans: | 9 | Commercial/agricultural
Mortgage Loans on Real Estate [Line Items]
Gross loans	0	0
Consumer and other loans
Mortgage Loans on Real Estate [Line Items]
Gross loans	205,357	203,608
Consumer and other loans | 1 to 5
Mortgage Loans on Real Estate [Line Items]
Gross loans	204,883	203,054
Consumer and other loans | 6
Mortgage Loans on Real Estate [Line Items]
Gross loans	0	0
Consumer and other loans | 7
Mortgage Loans on Real Estate [Line Items]
Gross loans	472	547
Consumer and other loans | 8
Mortgage Loans on Real Estate [Line Items]
Gross loans	0	0
Consumer and other loans | 9
Mortgage Loans on Real Estate [Line Items]
Gross loans	$ 2	$ 7

Loans, Allowance for Loan Los33

Loans, Allowance for Loan Losses and Impaired Loans (Details 1) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Sep. 30, 2015
Allowance for Loan Losses:
Beginning balance	$ 6,496	$ 6,506	$ 6,506
Charge-offs	(363)		(1,006)
Recoveries	95		340
Provision	75	385	656
Allowance allocation adjustment	0		0
Ending balance	6,303		6,496
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract]
Amount of allowance for loan losses arising from loans individually evaluated for impairment	162		582
Amount of allowance for loan losses arising from loans collectively evaluated for impairment	6,141		5,914
Loans Receivable:
Ending balance	466,492		450,510
Ending balance: individually evaluated for impairment	5,133		5,314
Ending balance: collectively evaluated for impairment	461,359		445,196
Consumer Real Estate
Allowance for Loan Losses:
Beginning balance	2,364	2,759	2,759
Charge-offs	(55)		(405)
Recoveries	4		69
Provision	30		382
Allowance allocation adjustment	(420)		(441)
Ending balance	1,923		2,364
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract]
Amount of allowance for loan losses arising from loans individually evaluated for impairment	136		463
Amount of allowance for loan losses arising from loans collectively evaluated for impairment	1,787		1,901
Loans Receivable:
Ending balance	172,915		180,693
Ending balance: individually evaluated for impairment	4,429		4,466
Ending balance: collectively evaluated for impairment	168,486		176,227
Commercial/agricultural
Allowance for Loan Losses:
Beginning balance	1,617	0	0
Charge-offs	0		0
Recoveries	0		0
Provision	10		16
Allowance allocation adjustment	208		1,601
Ending balance	1,835		1,617
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract]
Amount of allowance for loan losses arising from loans individually evaluated for impairment	0		0
Amount of allowance for loan losses arising from loans collectively evaluated for impairment	1,835		1,617
Loans Receivable:
Ending balance	85,821		63,266
Ending balance: individually evaluated for impairment	0		0
Ending balance: collectively evaluated for impairment	85,821		63,266
Consumer and Other
Allowance for Loan Losses:
Beginning balance	2,263	3,747	3,747
Charge-offs	(308)		(601)
Recoveries	91		271
Provision	35		258
Allowance allocation adjustment	182		(1,412)
Ending balance	2,263		2,263
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract]
Amount of allowance for loan losses arising from loans individually evaluated for impairment	26		119
Amount of allowance for loan losses arising from loans collectively evaluated for impairment	2,237		2,144
Loans Receivable:
Ending balance	207,756		206,551
Ending balance: individually evaluated for impairment	704		848
Ending balance: collectively evaluated for impairment	207,052		205,703
Unallocated
Allowance for Loan Losses:
Beginning balance	252	$ 0	0
Charge-offs	0		0
Recoveries	0		0
Provision	0		0
Allowance allocation adjustment	30		252
Ending balance	282		252
Financing Receivable, Allowance for Credit Loss, Additional Information [Abstract]
Amount of allowance for loan losses arising from loans individually evaluated for impairment	0		0
Amount of allowance for loan losses arising from loans collectively evaluated for impairment	282		252
Loans Receivable:
Ending balance	0		0
Ending balance: individually evaluated for impairment	0		0
Ending balance: collectively evaluated for impairment	$ 0		$ 0

Loans, Allowance for Loan Los34

Loans, Allowance for Loan Losses and Impaired Loans (Details 2) - USD ($) $ in Thousands	Mar. 31, 2016	Sep. 30, 2015
Loans receivable
Total loans	$ 466,492	$ 450,510
Performing loans
Loans receivable
TDR loans	3,306	3,678
Loans other	461,707	445,611
Total loans	465,013	449,289
Non Performing Loans
Loans receivable
TDR loans	583	332
Loans other	896	889
Total loans	1,479	1,221
Consumer Real Estate
Loans receivable
Total loans	172,915	180,693
Consumer Real Estate | Performing loans
Loans receivable
TDR loans	2,953	3,206
Loans other	168,819	176,650
Total loans	171,772	179,856
Consumer Real Estate | Non Performing Loans
Loans receivable
TDR loans	524	273
Loans other	619	564
Total loans	1,143	837
Commercial/agricultural
Loans receivable
Total loans	85,821	63,266
Commercial/agricultural | Performing loans
Loans receivable
TDR loans	0	0
Loans other	85,821	63,266
Total loans	85,821	63,266
Commercial/agricultural | Non Performing Loans
Loans receivable
TDR loans	0	0
Loans other	0	0
Total loans	0	0
Consumer and Other
Loans receivable
Total loans	207,756	206,551
Consumer and Other | Performing loans
Loans receivable
TDR loans	353	472
Loans other	207,067	205,695
Total loans	207,420	206,167
Consumer and Other | Non Performing Loans
Loans receivable
TDR loans	59	59
Loans other	277	325
Total loans	$ 336	$ 384

Loans, Allowance for Loan Los35

Loans, Allowance for Loan Losses and Impaired Loans (Details 3) - USD ($) $ in Thousands	Mar. 31, 2016	Sep. 30, 2015
Aging analysis of the Bank's real estate and consumer loans
Total Past Due	$ 3,320	$ 2,632
Current	463,172	447,878
Total Loans	466,492	450,510
Recorded Investment greater than 89 days and Accruing	287	473
Real estate loans
Aging analysis of the Bank's real estate and consumer loans
Total Past Due	2,035	1,442
Current	170,880	179,251
Total Loans	172,915	180,693
Recorded Investment greater than 89 days and Accruing	163	244
Commercial/agricultural
Aging analysis of the Bank's real estate and consumer loans
Total Past Due	0	0
Current	85,821	63,266
Total Loans	85,821	63,266
Recorded Investment greater than 89 days and Accruing	0	0
Consumer and other loans
Aging analysis of the Bank's real estate and consumer loans
Total Past Due	552	586
Current	161,569	166,260
Total Loans	162,121	166,846
Recorded Investment greater than 89 days and Accruing	1	52
Purchased third party loans
Aging analysis of the Bank's real estate and consumer loans
Total Past Due	733	604
Current	44,902	39,101
Total Loans	45,635	39,705
Recorded Investment greater than 89 days and Accruing	123	177
Financing Receivables, 30 to 59 Days Past Due
Aging analysis of the Bank's real estate and consumer loans
Total Past Due	2,100	1,179
Financing Receivables, 30 to 59 Days Past Due | Real estate loans
Aging analysis of the Bank's real estate and consumer loans
Total Past Due	1,246	555
Financing Receivables, 30 to 59 Days Past Due | Commercial/agricultural
Aging analysis of the Bank's real estate and consumer loans
Total Past Due	0	0
Financing Receivables, 30 to 59 Days Past Due | Consumer and other loans
Aging analysis of the Bank's real estate and consumer loans
Total Past Due	427	386
Financing Receivables, 30 to 59 Days Past Due | Purchased third party loans
Aging analysis of the Bank's real estate and consumer loans
Total Past Due	427	238
Financing Receivables, 60 to 89 Days Past Due
Aging analysis of the Bank's real estate and consumer loans
Total Past Due	260	754
Financing Receivables, 60 to 89 Days Past Due | Real estate loans
Aging analysis of the Bank's real estate and consumer loans
Total Past Due	55	500
Financing Receivables, 60 to 89 Days Past Due | Commercial/agricultural
Aging analysis of the Bank's real estate and consumer loans
Total Past Due	0	0
Financing Receivables, 60 to 89 Days Past Due | Consumer and other loans
Aging analysis of the Bank's real estate and consumer loans
Total Past Due	22	65
Financing Receivables, 60 to 89 Days Past Due | Purchased third party loans
Aging analysis of the Bank's real estate and consumer loans
Total Past Due	183	189
Financing Receivables, Equal to Greater than 90 Days Past Due
Aging analysis of the Bank's real estate and consumer loans
Total Past Due	960	699
Financing Receivables, Equal to Greater than 90 Days Past Due | Real estate loans
Aging analysis of the Bank's real estate and consumer loans
Total Past Due	734	387
Financing Receivables, Equal to Greater than 90 Days Past Due | Commercial/agricultural
Aging analysis of the Bank's real estate and consumer loans
Total Past Due	0	0
Financing Receivables, Equal to Greater than 90 Days Past Due | Consumer and other loans
Aging analysis of the Bank's real estate and consumer loans
Total Past Due	103	135
Financing Receivables, Equal to Greater than 90 Days Past Due | Purchased third party loans
Aging analysis of the Bank's real estate and consumer loans
Total Past Due	$ 123	$ 177

Loans, Allowance for Loan Los36

Loans, Allowance for Loan Losses and Impaired Loans (Details 4) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Mar. 31, 2016	Sep. 30, 2015
Bank impaired loans
With no related allowance recorded, Recorded investment	$ 3,312	$ 2,965
With an allowance recorded, Recorded investment	1,821	2,349
Recorded investment, Total	5,133	5,314
With no related allowance recorded, unpaid principal balance	3,312	2,965
With an allowance recorded, unpaid principal balance	1,821	2,349
Unpaid principal balance, Total	5,133	5,314
With no related allowance recorded, Average recorded investment	3,408	3,663
With an allowance recorded, Average recorded investment	1,900	2,776
Average recorded investment, Total	5,308	6,439
With no related allowance recorded, Interest income recognized	83	171
With an allowance recorded, Interest income recognized	23	84
Interest income recognized, Total	106	255
Consumer Real Estate
Bank impaired loans
With no related allowance recorded, Recorded investment	2,779	2,494
With an allowance recorded, Recorded investment	1,650	1,972
Recorded investment, Total	4,429	4,466
With no related allowance recorded, unpaid principal balance	2,779	2,494
With an allowance recorded, unpaid principal balance	1,650	1,972
Unpaid principal balance, Total	4,429	4,466
With no related allowance recorded, Average recorded investment	2,866	3,178
With an allowance recorded, Average recorded investment	1,665	2,220
Average recorded investment, Total	4,531	5,398
With no related allowance recorded, Interest income recognized	60	136
With an allowance recorded, Interest income recognized	20	61
Interest income recognized, Total	80	197
Commercial/agricultural
Bank impaired loans
With no related allowance recorded, Recorded investment	0	0
With an allowance recorded, Recorded investment	0	0
Recorded investment, Total	0	0
With no related allowance recorded, unpaid principal balance	0	0
With an allowance recorded, unpaid principal balance	0	0
Unpaid principal balance, Total	0	0
With no related allowance recorded, Average recorded investment	0	0
With an allowance recorded, Average recorded investment	0	0
Average recorded investment, Total	0	0
With no related allowance recorded, Interest income recognized	0	0
With an allowance recorded, Interest income recognized	0	0
Interest income recognized, Total	0	0
Consumer and Other
Bank impaired loans
With no related allowance recorded, Recorded investment	533	471
With an allowance recorded, Recorded investment	171	377
Recorded investment, Total	704	848
With no related allowance recorded, unpaid principal balance	533	471
With an allowance recorded, unpaid principal balance	171	377
Unpaid principal balance, Total	704	848
With no related allowance recorded, Average recorded investment	542	485
With an allowance recorded, Average recorded investment	235	556
Average recorded investment, Total	777	1,041
With no related allowance recorded, Interest income recognized	23	35
With an allowance recorded, Interest income recognized	3	23
Interest income recognized, Total	$ 26	$ 58

Loans, Allowance for Loan Los37

Loans, Allowance for Loan Losses and Impaired Loans (Details 5) - USD ($) $ in Thousands	6 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Loan Modification In A Troubled Debt Restructuring [Roll Forward]
Beginning balance	$ 4,010	$ 5,581
Principal payments	(295)	(640)
Charge-offs	(59)	(49)
Advances	4	10
New restructured	229	31
Class transfers out	0	(181)
Transfers between accrual/non-accrual	0	0
Ending balance	3,889	4,752
Performing loans
Loan Modification In A Troubled Debt Restructuring [Roll Forward]
Beginning balance	3,678	5,332
Principal payments	(142)	(534)
Charge-offs	0	(2)
Advances	1	10
New restructured	229	31
Class transfers out	0	(181)
Transfers between accrual/non-accrual	(460)	(42)
Ending balance	3,306	4,614
Non Performing Loans
Loan Modification In A Troubled Debt Restructuring [Roll Forward]
Beginning balance	332	249
Principal payments	(153)	(106)
Charge-offs	(59)	(47)
Advances	3	0
New restructured	0	0
Class transfers out	0	0
Transfers between accrual/non-accrual	460	42
Ending balance	583	138
Consumer Real Estate
Loan Modification In A Troubled Debt Restructuring [Roll Forward]
Beginning balance	3,479	4,737
Principal payments	(193)	(500)
Charge-offs	(34)	(16)
Advances	2	10
New restructured	223	17
Class transfers out	0	(181)
Transfers between accrual/non-accrual	0	0
Ending balance	3,477	4,067
Consumer Real Estate | Performing loans
Loan Modification In A Troubled Debt Restructuring [Roll Forward]
Beginning balance	3,206	4,535
Principal payments	(62)	(398)
Charge-offs	0	0
Advances	0	10
New restructured	223	17
Class transfers out	0	(181)
Transfers between accrual/non-accrual	(414)	0
Ending balance	2,953	3,983
Consumer Real Estate | Non Performing Loans
Loan Modification In A Troubled Debt Restructuring [Roll Forward]
Beginning balance	273	202
Principal payments	(131)	(102)
Charge-offs	(34)	(16)
Advances	2	0
New restructured	0	0
Class transfers out	0	0
Transfers between accrual/non-accrual	414	0
Ending balance	524	84
Commercial/agricultural
Loan Modification In A Troubled Debt Restructuring [Roll Forward]
Beginning balance	0	0
Principal payments	0	0
Charge-offs	0	0
Advances	0	0
New restructured	0	0
Class transfers out	0	0
Transfers between accrual/non-accrual	0	0
Ending balance	0	0
Commercial/agricultural | Performing loans
Loan Modification In A Troubled Debt Restructuring [Roll Forward]
Beginning balance	0	0
Principal payments	0	0
Charge-offs	0	0
Advances	0	0
New restructured	0	0
Class transfers out	0	0
Transfers between accrual/non-accrual	0	0
Ending balance	0	0
Commercial/agricultural | Non Performing Loans
Loan Modification In A Troubled Debt Restructuring [Roll Forward]
Beginning balance	0	0
Principal payments	0	0
Charge-offs	0	0
Advances	0	0
New restructured	0	0
Class transfers out	0	0
Transfers between accrual/non-accrual	0	0
Ending balance	0	0
Consumer and Other
Loan Modification In A Troubled Debt Restructuring [Roll Forward]
Beginning balance	531	844
Principal payments	(102)	(140)
Charge-offs	(25)	(33)
Advances	2	0
New restructured	6	14
Class transfers out	0	0
Transfers between accrual/non-accrual	0	0
Ending balance	412	685
Consumer and Other | Performing loans
Loan Modification In A Troubled Debt Restructuring [Roll Forward]
Beginning balance	472	797
Principal payments	(80)	(136)
Charge-offs	0	(2)
Advances	1	0
New restructured	6	14
Class transfers out	0	0
Transfers between accrual/non-accrual	(46)	(42)
Ending balance	353	631
Consumer and Other | Non Performing Loans
Loan Modification In A Troubled Debt Restructuring [Roll Forward]
Beginning balance	59	47
Principal payments	(22)	(4)
Charge-offs	(25)	(31)
Advances	1	0
New restructured	0	0
Class transfers out	0	0
Transfers between accrual/non-accrual	46	42
Ending balance	$ 59	$ 54

Loans, Allowance for Loan Los38

Loans, Allowance for Loan Losses and Impaired Loans (Details 6) $ in Thousands	6 Months Ended	12 Months Ended
	Mar. 31, 2016USD ($)Contract	Sep. 30, 2015USD ($)Contract	Mar. 31, 2015USD ($)	Sep. 30, 2014USD ($)
Troubled Debt Restructuring
Number of Modifications | Contract	61	73
Recorded Investment | $	$ 3,889	$ 4,010	$ 4,752	$ 5,581
Consumer Real Estate
Troubled Debt Restructuring
Number of Modifications | Contract	33	34
Recorded Investment | $	$ 3,477	$ 3,479	4,067	4,737
Commercial/agricultural
Troubled Debt Restructuring
Number of Modifications | Contract	0	0
Recorded Investment | $	$ 0	$ 0	0	0
Consumer and Other
Troubled Debt Restructuring
Number of Modifications | Contract	28	39
Recorded Investment | $	$ 412	$ 531	$ 685	$ 844

Loans, Allowance for Loan Los39

Loans, Allowance for Loan Losses and Impaired Loans (Details Textual)	6 Months Ended	12 Months Ended	25 Months Ended
	Mar. 31, 2016USD ($)TDR	Sep. 30, 2015USD ($)TDR	Mar. 31, 2016USD ($)TDR	Feb. 29, 2016USD ($)	Jan. 31, 2016	Mar. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Sep. 30, 2014USD ($)	Oct. 31, 2012USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable	$ 466,492,000	$ 450,510,000	$ 466,492,000
Board of director limit on purchase of loans under loan purchase agreement							$ 50,000,000		$ 40,000,000
Percentage of loan amounts deposited into cash reserve account									3.00%
Cash reserve account balance									$ 1,000,000
Loans and lease receivable, gross, consumer	45,635,000		45,635,000
Cash reserve maximum allowed balance	1,000,000		1,000,000
Interest rate for new loans to be purchased in 2016 due to increase in Prime Rate					4.25%
Impaired TDR loans	3,889,000	4,010,000	3,889,000			$ 4,752,000		$ 5,581,000
Impaired financing receivable, recorded investment	$ 5,133,000	$ 5,314,000	$ 5,133,000
Number of delinquent TDR | TDR	5	4	5
Recorded investment in delinquent TDR	$ 273,000	$ 191,000	$ 273,000
Non Performing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due period & nonaccruing		90+ days
Impaired TDR loans	583,000	$ 332,000	583,000			138,000		249,000
Impaired performing TDR loans	583,000	332,000	583,000
Substandard
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired TDR loans	$ 1,244,000		1,244,000
TDR Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Past due period & nonaccruing	90+ days
Past due, minimum period	90 days
Performing loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired TDR loans	$ 3,306,000	3,678,000	3,306,000			4,614,000		5,332,000
Impaired performing TDR loans	$ 3,306,000	3,678,000	$ 3,306,000
Consumer and Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Rate earned on all new loan originations of purchased consumer loans	4.24%		4.00%
Impaired TDR loans	$ 412,000	531,000	$ 412,000			685,000		844,000
Impaired financing receivable, recorded investment	704,000	848,000	704,000
Consumer and Other | Non Performing Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired TDR loans	59,000	59,000	59,000			54,000		47,000
Impaired performing TDR loans	59,000	59,000	59,000
Consumer and Other | Performing loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Impaired TDR loans	353,000	472,000	353,000			$ 631,000		$ 797,000
Impaired performing TDR loans	$ 353,000	$ 472,000	$ 353,000
Central Bank Rice Lake
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable				$ 16,363,000
Central Bank Barron
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans receivable				$ 27,131,000

Investment Securities (Details)

Investment Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Sep. 30, 2015
Summary of amortized cost, estimated fair value and related unrealized gains and losses on securities available for sale
Amortized Cost	$ 85,694	$ 80,335
Gross Unrealized Gains	605	214
Gross Unrealized Losses	185	628
Estimated Fair Value	86,114	79,921
U.S. government agency obligations
Summary of amortized cost, estimated fair value and related unrealized gains and losses on securities available for sale
Amortized Cost	16,346	15,240
Gross Unrealized Gains	33	0
Gross Unrealized Losses	100	220
Estimated Fair Value	16,279	15,020
Obligations of states and political subdivisions
Summary of amortized cost, estimated fair value and related unrealized gains and losses on securities available for sale
Amortized Cost	29,830	27,573
Gross Unrealized Gains	361	81
Gross Unrealized Losses	46	247
Estimated Fair Value	30,145	27,407
Mortgage-backed securities
Summary of amortized cost, estimated fair value and related unrealized gains and losses on securities available for sale
Amortized Cost	39,447	37,451
Gross Unrealized Gains	202	133
Gross Unrealized Losses	39	144
Estimated Fair Value	39,610	37,440
Federal Agricultural Mortgage Corporation
Summary of amortized cost, estimated fair value and related unrealized gains and losses on securities available for sale
Amortized Cost	71	71
Gross Unrealized Gains	9	0
Gross Unrealized Losses	0	17
Estimated Fair Value	$ 80	$ 54

Investment Securities (Details

Investment Securities (Details 1) - USD ($) $ in Thousands	Mar. 31, 2016	Sep. 30, 2015
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	$ 7,427	$ 8,012
Gross Unrealized Gains	232	211
Gross Unrealized Losses	0	4
Estimated Fair Value	7,659	8,219
Obligations of states and political subdivisions
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	1,317	1,319
Gross Unrealized Gains	9	3
Gross Unrealized Losses	0	4
Estimated Fair Value	1,326	1,318
Mortgage-backed securities
Schedule of Held-to-maturity Securities [Line Items]
Amortized Cost	6,110	6,693
Gross Unrealized Gains	223	208
Gross Unrealized Losses	0	0
Estimated Fair Value	$ 6,333	$ 6,901

Investment Securities (Detail42

Investment Securities (Details Textual)	Mar. 31, 2016USD ($)
Federal Reserve Bank
Schedule of Available-for-sale Securities [Line Items]
Borrowings outstanding under line of credit facility	$ 0
Line of Credit | U.S. government agency obligations
Schedule of Available-for-sale Securities [Line Items]
Securities Pledged as Collateral	4,137,000
Specific Municipal Deposits | U.S. government agency obligations
Schedule of Available-for-sale Securities [Line Items]
Securities Pledged as Collateral	5,500,000
Specific Municipal Deposits | Mortgage-backed securities
Schedule of Available-for-sale Securities [Line Items]
Securities Pledged as Collateral	$ 4,184,000

Federal Home Loan Bank Advanc43

Federal Home Loan Bank Advances - Summary of Federal Home Loan Bank Advances (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Sep. 30, 2015
Summary of Federal Home Loan Bank advances
Maturing during 2016	$ 36,183	$ 33,600
Maturing during 2017	15,461	15,461
Maturing during 2018	6,100	6,100
Maturing during 2019	3,730	3,730
Maturing during 2020	0	0
Total fixed maturity	61,474	58,891
Advances with amortizing principal	0	0
Total advances	61,474	58,891
Irrevocable standby letters of credit	15,560	24,040
Total credit outstanding	$ 77,034	$ 82,931
Weighted Average Rate 2016	0.60%	0.67%
Weighted Average Rate 2017	1.46%	1.46%
Weighted Average Rate 2018	2.24%	2.24%
Weighted Average Rate 2019	1.87%	1.87%
Weighted Average Rate during 2020	0.00%	0.00%
Total, Weighted Average Interest Rate	1.06%	1.12%
Federal Home Loan Bank Advances
Summary of Federal Home Loan Bank advances
Advances with amortizing principal, Weighted Average Rate	0.00%	0.00%

Federal Home Loan Bank Advanc44

Federal Home Loan Bank Advances (Details) $ in Thousands	6 Months Ended
	Mar. 31, 2016USD ($)month	Mar. 31, 2015USD ($)	Sep. 30, 2015USD ($)month
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Line Items]
Banks available and unused portion of borrowing agreement	$ 63,700
Weighted average remaining term of borrowings, in months | month	9.25		14.25
Maximum month-end amounts outstanding	$ 63,974	$ 53,891
Federal Home Loan Bank advances	61,474		$ 58,891
Mortgage Loans on Real Estate
Schedule of Fair Value of Separate Accounts by Major Category of Investment [Line Items]
Federal Home Loan Bank advances	$ 181,358

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Current tax provision
Federal			$ 482	$ 820
State			81	123
Current Income Tax Expense (Benefit), Total			563	943
Deferred tax (benefit) provision
Federal			235	(169)
State			45	1
Deferred Income Tax Expense (Benefit), Total			280	(168)
Total	$ 369	$ 342	$ 843	$ 775

Income Taxes (Details 1)

Income Taxes (Details 1) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
The provision for income taxes differs from the amount of income tax determined by applying statutory federal income tax rates to pretax income
Tax expense at statutory rate			$ 817	$ 709
State income taxes net of federal taxes			126	124
Tax exempt interest			(76)	(23)
Other			(24)	(35)
Total	$ 369	$ 342	$ 843	$ 775
Tax expense at statutory rate in percent			34.00%	34.00%
State income taxes net of exception in percent			5.20%	6.00%
Tax exempt interest in percent			(3.20%)	(1.10%)
Other in percent			(0.90%)	(1.70%)
Total, in percent			35.10%	37.20%

Income Taxes (Details 2)

Income Taxes (Details 2) - USD ($) $ in Thousands	Mar. 31, 2016	Sep. 30, 2015
Deferred tax assets:
Allowance for loan losses	$ 2,469	$ 2,544
Deferred loan costs/fees	113	145
Director/officer compensation plans	545	536
Net unrealized loss on securities available for sale	0	166
Economic performance accruals	386	388
Other	120	132
Deferred tax assets	3,633	3,911
Deferred tax liabilities:
Office properties and equipment	(253)	(114)
Net unrealized gain on securities available for sale	(168)	0
Other	(117)	(110)
Deferred tax liabilities	(538)	(224)
Net deferred tax assets	$ 3,095	$ 3,687

Income Taxes (Details Textual)

Income Taxes (Details Textual) - USD ($)	6 Months Ended
	Mar. 31, 2016	Sep. 30, 2015
Income Taxes (Textual) [Abstract]
Valuation allowance	$ 0	$ 0
Percentage of likelihood	50.00%
Accrual for the payments of interest and penalties related to income tax issues	$ 0	$ 0

Stock-Based Compensation (Detai

Stock-Based Compensation (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015	Sep. 30, 2015	Feb. 28, 2005
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted (in shares)			17,000		50,000
Expiry period of unexercised nonqualified incentive stock options			15 years
Expiry period of unexercised incentive stock options			10 years
2004 Stock Option and Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant of awards company's common stock (in shares)						284,778
Options granted (in shares)			284,778
2008 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted (in shares)			112,000
Number of shares reserved and available for issuance under the 2008 Equity Incentive Plan (in shares)	597,605		597,605
Prospective issuance of shares of the Company's common stock under the 2008 Equity Incentive Plan (in shares)			426,860
Aggregate stock which may be granted for restricted stock and units under the 2008 Equity Incentive Plan (in shares)			170,745
Restricted shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period of shares, in years			5 years
Restricted shares | 2004 Recognition and Retention Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant of awards company's common stock (in shares)						113,910
Shares granted (in shares)			113,910
Restricted shares | 2008 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted (in shares)			32,500
Restricted shares | 2004 Stock Option and Incentive Plan and 2008 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense related to awards	$ 26	$ 26	$ 53	$ 44
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period of shares, in years			5 years
Employee Stock Option | 2004 Stock Option and Incentive Plan and 2008 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense related to awards	$ 16	$ 16	$ 32	$ 28

Stock-Based Compensation - Rest

Stock-Based Compensation - Restricted Stock Award (Details) - $ / shares	6 Months Ended	12 Months Ended
	Mar. 31, 2016	Sep. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Restricted shares, Unvested and outstanding at beginning of period year (in shares)	46,857	41,014
Granted (in shares)	0	17,500
Vested (in shares)	(10,595)	(11,657)
Forfeited (in shares)	0	0
Restricted shares, Unvested and outstanding at end of period year (in shares)	36,262	46,857
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Restricted shares at beginning of period, weighted average, grant price (in usd per share)	$ 7.59	$ 6.51
Restricted shares granted, weighted average (in usd per share)	0	9.20
Restricted shares vested, weighted average (in usd per share)	7.56	6.18
Restricted shares forfeited, weighted average (in usd per share)	0	0
Restricted shares at end of period, weighted average, grant price (in usd per share)	$ 7.60	$ 7.59

Stock-Based Compensation - Comm

Stock-Based Compensation - Common Stock Options Awards (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended	12 Months Ended
	Mar. 31, 2016	Sep. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding at beginning of period (in shares)	171,737	179,192
Granted (in shares)	17,000	50,000
Exercised (in shares)	(17,272)	(51,955)
Forfeited or expired (in shares)	0	(5,500)
Outstanding at end of period (in shares)	171,465	171,737
Exercisable at end of period (in shares)	69,120	63,764
Fully vested and expected to vest (in shares)	171,465	171,737
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Weighted Average Exercise Price, Outstanding at beginning of period (usd per share)	$ 7.46	$ 6.52
Weighted Average Exercise Price, Granted (usd per share)	9.21	9.20
Weighted Average Exercise Price, Outstanding at end of period (usd per share)	7.83	7.46
Weighted Average Exercise Price, Exercisable at end of year (usd per share)	7.49	6.79
Weighted Average Exercise Price, Fully vested and expected to vest (usd per share)	$ 7.83	$ 7.46
Weighted Average Remaining Contractual Term, Outstanding at end of period	7 years 1 month 24 days	7 years 6 months 29 days
Weighted Average Remaining Contractual Term, Exercisable at end of period	5 years 7 months 2 days	5 years 3 months 29 days
Weighted Average Remaining Contractual Term, Fully vested and expected to vest	7 years 1 month 24 days	7 years 6 months 29 days
Aggregate intrinsic value, exercisable at end of period	$ 103
Aggregate intrinsic value, fully vested and expected to vest at end of period	$ 209
Aggregate intrinsic value, outstanding at end of period

Stock-Based Compensation - 2004

Stock-Based Compensation - 2004 Stock Option and Incentive Plan and 2008 Equity Incentive Plan Information (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Mar. 31, 2016	Sep. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Intrinsic value of options exercised	$ 60	$ 180
Cash received from options exercised	95	299
Tax benefit realized from options exercised	$ 0	$ 9

Stock-Based Compensation - Assu

Stock-Based Compensation - Assumptions for Stock Option Expense (Details)	6 Months Ended	12 Months Ended
	Mar. 31, 2016	Sep. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Dividend yield	0.87%	0.88%
Risk-free interest rate	2.10%	2.10%
Weighted average expected life (years)	10 years	10 years
Expected volatility	3.00%	2.00%

Other Comprehensive Income (L54

Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	6 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Unrealized gains (losses) on securities:
Net unrealized losses arising during the period, before tax amount	$ 831
Net unrealized losses arising during period, tax expense	(333)
Net unrealized losses arising during period, net of tax amount	498	$ 615
Less: reclassification adjustment for gains included in net income, before tax amount	4
Less: reclassification adjustment for gains included in net income, tax expense	(1)
Less: reclassification adjustment for gains included in net income, net of tax amount	3
Amortization of unrecognized prior service costs and net gains, before tax amount	(58)
Amortization of unrecognized prior service costs and net gains, tax expense	23
Amortization of unrecognized prior service costs and net gains, net of tax amount	(35)
Other comprehensive income Before- Tax Amount	777
Other comprehensive income Tax Expense	(311)
Total other comprehensive income, net of tax	$ 466	$ 643

Other Comprehensive Income (L55

Other Comprehensive Income (Loss) (Details 1) - USD ($) $ in Thousands	6 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Changes in the accumulated balances for each component of other comprehensive income
Beginning Balance	$ (214)
Current period other comprehensive income (loss), net of tax	466	$ 643
Ending Balance	252
Unrealized Gains (Losses) on Securities
Changes in the accumulated balances for each component of other comprehensive income
Beginning Balance	(249)
Current period other comprehensive income (loss), net of tax	501
Ending Balance	252
Defined Benefit Plans
Changes in the accumulated balances for each component of other comprehensive income
Beginning Balance	35
Current period other comprehensive income (loss), net of tax	(35)
Ending Balance	$ 0

Termination of Certain Retire56

Termination of Certain Retirement Plans - Narrative (Details) $ in Thousands	3 Months Ended	6 Months Ended
	Mar. 31, 2016USD ($)	Mar. 31, 2016USD ($)payment
Compensation and Retirement Disclosure [Abstract]
Number of Payments to be Made to Settle Defined Benefit Obligations | payment		2
Portion of Each Payment, Percentage		50.00%
Defined Benefit Plan, Actuarial Gain (Loss)	$ 41
Pension obligation	$ 1,084	$ 1,084

Termination of Certain Retire57

Termination of Certain Retirement Plans - Schedule of Components of SERP and Directors' Retirement Plans (Details) $ in Thousands	6 Months Ended
	Mar. 31, 2016USD ($)
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Ending accrued benefit cost	$ 1,084
SERP and DRP
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Beginning accrued benefit cost	1,120
Service cost	0
Interest cost	44
Amortization of prior service costs	1
Net plan termination Credit	(41)
Net periodic benefit cost	4
Benefits paid	(40)
Ending accrued benefit cost	$ 1,084

Termination of Certain Retire58

Termination of Certain Retirement Plans - Amounts Recognized in Balance Sheet (Details) - USD ($) $ in Thousands	6 Months Ended
	Mar. 31, 2016	Sep. 30, 2015
Defined Benefit Plan Disclosure [Line Items]
Pension obligation	$ 1,084
SERP and DRP
Defined Benefit Plan Disclosure [Line Items]
Pension obligation	1,084	$ 1,120
Prior service cost	0
Net loss (gain)	0
Total accumulated other comprehensive income, before tax	$ 0