Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended | |
Jun. 30, 2014 | Aug. 01, 2014 | |
Document And Entity Information [Abstract] | ' | ' |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 30-Jun-14 | ' |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Entity Registrant Name | 'ESSA Bancorp, Inc. | ' |
Entity Central Index Key | '0001382230 | ' |
Current Fiscal Year End Date | '--09-30 | ' |
Entity Filer Category | 'Accelerated Filer | ' |
Entity Common Stock, Shares Outstanding | ' | 11,758,278 |
Consolidated_Balance_Sheet
Consolidated Balance Sheet (USD $) | Jun. 30, 2014 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | ||
Statement Of Financial Position [Abstract] | ' | ' |
Cash and due from banks | $18,600 | $22,393 |
Interest-bearing deposits with other institutions | 4,880 | 4,255 |
Total cash and cash equivalents | 23,480 | 26,648 |
Certificates of deposit | 1,767 | 1,767 |
Investment securities available for sale, at fair value | 375,024 | 315,622 |
Loans receivable (net of allowance for loan losses of $8,836 and $8,064) | 1,050,125 | 928,230 |
Regulatory stock, at cost | 12,757 | 9,415 |
Premises and equipment, net | 17,121 | 15,747 |
Bank-owned life insurance | 29,484 | 28,797 |
Foreclosed real estate | 2,967 | 2,111 |
Intangible assets, net | 2,599 | 2,466 |
Goodwill | 10,259 | 8,817 |
Deferred income taxes | 10,971 | 11,183 |
Other assets | 22,624 | 21,512 |
TOTAL ASSETS | 1,559,178 | 1,372,315 |
LIABILITIES | ' | ' |
Deposits | 1,143,095 | 1,041,059 |
Short-term borrowings | 78,749 | 23,000 |
Other borrowings | 145,550 | 129,260 |
Advances by borrowers for taxes and insurance | 11,924 | 4,962 |
Other liabilities | 8,563 | 7,588 |
TOTAL LIABILITIES | 1,387,881 | 1,205,869 |
STOCKHOLDERS' EQUITY | ' | ' |
Preferred Stock ($.01 par value; 10,000,000 shares authorized, none issued) | 0 | 0 |
Common stock ($.01 par value; 40,000,000 shares authorized, 18,133,095 issued; 11,823,878 and 11,945,564 outstanding at June 30, 2014 and September 30, 2013) | 181 | 181 |
Additional paid in capital | 182,642 | 182,440 |
Unallocated common stock held by the Employee Stock Ownership Plan (ESOP) | -10,193 | -10,532 |
Retained earnings | 75,781 | 71,709 |
Treasury stock, at cost; 6,309,217 and 6,187,531 shares outstanding at June 30, 2014 and September 30, 2013, respectively | -77,445 | -76,117 |
Accumulated other comprehensive income (loss) | 331 | -1,235 |
TOTAL STOCKHOLDERS' EQUITY | 171,297 | 166,446 |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $1,559,178 | $1,372,315 |
Consolidated_Balance_Sheet_Par
Consolidated Balance Sheet (Parenthetical) (USD $) | Jun. 30, 2014 | Sep. 30, 2013 |
In Thousands, except Share data, unless otherwise specified | ||
Statement Of Financial Position [Abstract] | ' | ' |
Allowance for loan losses | $8,836 | $8,064 |
Preferred stock, par value | $0.01 | $0.01 |
Preferred stock, shares authorized | 10,000,000 | 10,000,000 |
Preferred stock, shares issued | 0 | 0 |
Common stock, par value | $0.01 | $0.01 |
Common stock, shares authorized | 40,000,000 | 40,000,000 |
Common stock, shares issued | 18,133,095 | 18,133,095 |
Common stock, shares outstanding | 11,823,878 | 11,945,564 |
Treasury stock, shares outstanding | 6,309,217 | 6,187,531 |
Consolidated_Statement_of_Inco
Consolidated Statement of Income (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
INTEREST INCOME | ' | ' | ' | ' |
Loans receivable, including fees | $11,807 | $11,032 | $32,173 | $34,310 |
Investment securities: | ' | ' | ' | ' |
Taxable | 1,632 | 1,370 | 4,682 | 4,558 |
Exempt from federal income tax | 173 | 73 | 318 | 200 |
Other investment income | 173 | 16 | 317 | 63 |
Total interest income | 13,785 | 12,491 | 37,490 | 39,131 |
INTEREST EXPENSE | ' | ' | ' | ' |
Deposits | 2,015 | 1,757 | 5,909 | 5,576 |
Short-term borrowings | 54 | 27 | 104 | 109 |
Other borrowings | 619 | 858 | 1,951 | 2,994 |
Total interest expense | 2,688 | 2,642 | 7,964 | 8,679 |
NET INTEREST INCOME | 11,097 | 9,849 | 29,526 | 30,452 |
Provision for loan losses | 500 | 1,100 | 2,000 | 2,950 |
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES | 10,597 | 8,749 | 27,526 | 27,502 |
NONINTEREST INCOME | ' | ' | ' | ' |
Service fees on deposit accounts | 828 | 797 | 2,342 | 2,315 |
Services charges and fees on loans | 283 | 277 | 572 | 774 |
Trust and investment fees | 260 | 230 | 701 | 641 |
Gain (loss) on sale of investments, net | -10 | 11 | 226 | 749 |
Gain on sale of loans, net | ' | 11 | ' | 426 |
Earnings on Bank-owned life insurance | 234 | 235 | 687 | 709 |
Insurance commissions | 205 | 231 | 625 | 638 |
Gain on acquisition | 241 | ' | 241 | ' |
Other | 59 | 8 | 85 | 32 |
Total noninterest income | 2,100 | 1,800 | 5,479 | 6,284 |
NONINTEREST EXPENSE | ' | ' | ' | ' |
Compensation and employee benefits | 4,912 | 4,690 | 13,577 | 14,314 |
Occupancy and equipment | 1,051 | 956 | 3,034 | 2,935 |
Professional fees | 441 | 549 | 1,348 | 1,453 |
Data processing | 977 | 687 | 2,426 | 2,155 |
Advertising | 243 | 170 | 463 | 425 |
Federal Deposit Insurance Corporation (FDIC) premiums | 266 | 261 | 730 | 739 |
Gain on foreclosed real estate | -65 | -100 | -116 | -498 |
Merger related costs | 176 | ' | 522 | ' |
Amortization of intangible assets | 282 | 250 | 756 | 749 |
Other | 812 | 691 | 1,987 | 2,177 |
Total noninterest expense | 9,095 | 8,154 | 24,727 | 24,449 |
Income before income taxes | 3,602 | 2,395 | 8,278 | 9,337 |
Income taxes | 976 | 519 | 2,146 | 2,542 |
NET INCOME | $2,626 | $1,876 | $6,132 | $6,795 |
Earnings per share | ' | ' | ' | ' |
Basic | $0.24 | $0.16 | $0.56 | $0.58 |
Diluted | $0.24 | $0.16 | $0.56 | $0.58 |
Dividends per share | $0.07 | $0.05 | $0.19 | $0.15 |
Consolidated_Statement_of_Comp
Consolidated Statement of Comprehensive Income (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Statement Of Income And Comprehensive Income [Abstract] | ' | ' | ' | ' |
Net income | $2,626 | $1,876 | $6,132 | $6,795 |
Investment securities available for sale: | ' | ' | ' | ' |
Unrealized holding gain (loss) | 3,281 | -6,354 | 2,578 | -8,229 |
Tax effect | -1,116 | 2,160 | -877 | 2,798 |
Reclassification of (gains) loss recognized in net income | 10 | -11 | -226 | -749 |
Tax effect | -3 | 4 | 77 | 255 |
Net of tax amount | 2,172 | -4,201 | 1,552 | -5,925 |
Pension plan adjustment: | ' | ' | ' | ' |
Related to actuarial losses and prior service cost | 7 | 98 | 21 | 294 |
Tax effect | -2 | -33 | -7 | -100 |
Net of tax amount | 5 | 65 | 14 | 194 |
Total other comprehensive income (loss) | 2,177 | -4,136 | 1,566 | -5,731 |
Comprehensive income (loss) | $4,803 | ($2,260) | $7,698 | $1,064 |
Consolidated_Statement_of_Chan
Consolidated Statement of Changes in Stockholders' Equity (USD $) | Total | Common Stock [Member] | Additional Paid In Capital [Member] | Unallocated Common Stock Held by the ESOP [Member] | Retained Earnings [Member] | Treasury Stock [Member] | Accumulated Other Comprehensive Income(Loss) [Member] |
In Thousands, except Share data | |||||||
Beginning Balance at Sep. 30, 2013 | $166,446 | $181 | $182,440 | ($10,532) | $71,709 | ($76,117) | ($1,235) |
Beginning Balance, Shares at Sep. 30, 2013 | 11,945,564 | 11,945,564 | ' | ' | ' | ' | ' |
Net income | 6,132 | ' | ' | ' | 6,132 | ' | ' |
Other comprehensive income | 1,566 | ' | ' | ' | ' | ' | 1,566 |
Cash dividends declared ($0.19 per share) | -2,060 | ' | ' | ' | -2,060 | ' | ' |
Stock based compensation | 170 | ' | 170 | ' | ' | ' | ' |
Allocation of ESOP stock | 371 | ' | 32 | 339 | ' | ' | ' |
Treasury shares purchased | -1,328 | ' | ' | ' | ' | -1,328 | ' |
Treasury shares purchased, Shares | ' | -121,686 | ' | ' | ' | ' | ' |
Ending Balance at Jun. 30, 2014 | $171,297 | $181 | $182,642 | ($10,193) | $75,781 | ($77,445) | $331 |
Ending Balance, Shares at Jun. 30, 2014 | 11,823,878 | 11,823,878 | ' | ' | ' | ' | ' |
Consolidated_Statement_of_Chan1
Consolidated Statement of Changes in Stockholders' Equity (Parenthetical) (USD $) | 9 Months Ended |
Jun. 30, 2014 | |
Cash dividends declared, per share | $0.19 |
Retained Earnings [Member] | ' |
Cash dividends declared, per share | $0.19 |
Consolidated_Statement_of_Cash
Consolidated Statement of Cash Flows (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 |
OPERATING ACTIVITIES | ' | ' |
Net income | $6,132 | $6,795 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' |
Provision for loan losses | 2,000 | 2,950 |
Provision for depreciation and amortization | 948 | 860 |
Amortization and accretion of discounts and premiums, net | 829 | 1,205 |
Net gain on sale of investment securities | -226 | -749 |
Gain on sale of loans, net | ' | -426 |
Origination of mortgage loans sold | ' | -19,184 |
Proceeds from sale of mortgage loans originated for sale | ' | 19,956 |
Compensation expense on ESOP | 371 | 361 |
Stock based compensation | 170 | 1,461 |
(Increase) decrease in accrued interest receivable | -629 | 307 |
Increase (decrease) in accrued interest payable | 202 | -156 |
Earnings on bank-owned life insurance | -687 | -709 |
Deferred federal income taxes | -738 | 1,646 |
Decrease in prepaid FDIC premiums | ' | 1,934 |
(Decrease) increase in accrued pension liability | -412 | 312 |
Gain on foreclosed real estate, net | -116 | -498 |
Amortization of identifiable intangible assets | 756 | 749 |
Other, net | 2,113 | 2,568 |
Net cash provided by operating activities | 10,713 | 19,383 |
INVESTING ACTIVITIES | ' | ' |
Purchase of certificates of deposit | ' | -500 |
Investment securities available for sale: | ' | ' |
Proceeds from sale of investment securities | 8,065 | 39,212 |
Proceeds from principal repayments and maturities | 27,863 | 80,111 |
Purchases | -37,720 | -109,764 |
Decrease in loans receivable, net | 27,025 | 3,285 |
Redemption of regulatory stock | 2,431 | 9,556 |
Purchase of regulatory stock | -4,204 | ' |
Investment in limited partnership | ' | -451 |
Investment in insurance subsidiary | ' | -276 |
Proceeds from sale of foreclosed real estate | 2,038 | 2,841 |
Acquisition, including cash acquired | -15,415 | ' |
Capital improvements to foreclosed real estate | ' | -86 |
Purchase of premises, equipment, and software | -498 | -723 |
Net cash provided by investing activities | 9,585 | 23,205 |
FINANCING ACTIVITIES | ' | ' |
(Decrease) increase in deposits, net | -68,902 | 22,863 |
Net increase (decrease) in short-term borrowings | 55,749 | -11,069 |
Proceeds from other borrowings | 42,500 | 19,800 |
Repayment of other borrowings | -56,387 | -66,100 |
Increase in advances by borrowers for taxes and insurance | 6,962 | 9,875 |
Purchase of treasury stock shares | -1,328 | -11,430 |
Dividends on common stock | -2,060 | -1,751 |
Net cash used for financing activities | -23,466 | -37,812 |
Increase in cash and cash equivalents | -3,168 | 4,776 |
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD | 26,648 | 15,550 |
CASH AND CASH EQUIVALENTS AT END OF PERIOD | 23,480 | 20,326 |
Cash Paid: | ' | ' |
Interest | 7,762 | 8,835 |
Income taxes | 2 | 662 |
Noncash items: | ' | ' |
Transfers from loans to foreclosed real estate | 2,342 | 952 |
Treasury stock payable | ' | 66 |
Goodwill | ' | 276 |
Acquisition: | ' | ' |
Cash received | 4,640 | ' |
Noncash assets acquired | ' | ' |
Loans receivable and accrued interest receivable | 1,033 | ' |
Premises and equipment | 1,626 | ' |
Goodwill | 1,442 | 276 |
Total noncash assets | 4,101 | ' |
Certificates of deposit | -3,069 | ' |
Deposits other than certificates of deposits | 5,683 | ' |
Total noncash liabilities | 8,752 | ' |
Net noncash assets acquired | -4,651 | ' |
Cash acquired | 11 | ' |
Acquisition: | ' | ' |
Cash received | 4,640 | ' |
Noncash assets acquired | ' | ' |
Loans receivable and accrued interest receivable | 1,033 | ' |
Premises and equipment | 1,626 | ' |
Goodwill | 1,442 | 276 |
Total noncash assets | 4,101 | ' |
Certificates of deposit | -3,069 | ' |
Deposits other than certificates of deposits | 5,683 | ' |
Total noncash liabilities | 8,752 | ' |
Net noncash assets acquired | -4,651 | ' |
Cash acquired | 11 | ' |
Franklin Security Bank [Member] | ' | ' |
Noncash assets acquired | ' | ' |
Investment securities, available for sale | 55,901 | ' |
Loans receivable | 152,188 | ' |
Federal Home Loan Bank stock | 1,569 | ' |
Premises and equipment | 176 | ' |
Foreclosed real estate | 436 | ' |
Intangible assets, net | 889 | ' |
Liabilities assumed | -194,628 | ' |
Deferred income taxes | 1,031 | ' |
Other assets | 2,504 | ' |
Noncash assets acquired | 214,694 | ' |
Certificates of deposit | 90,869 | ' |
Deposits other than certificates of deposits | 71,317 | ' |
Other borrowings | 30,177 | ' |
Other liabilities | 2,265 | ' |
Net noncash assets acquired | 20,066 | ' |
Cash acquired | -19,825 | ' |
Liabilities assumed: | -194,628 | ' |
Noncash assets acquired | ' | ' |
Investment securities, available for sale | 55,901 | ' |
Loans receivable | 152,188 | ' |
Federal Home Loan Bank stock | 1,569 | ' |
Premises and equipment | 176 | ' |
Foreclosed real estate | 436 | ' |
Intangible assets, net | 889 | ' |
Liabilities assumed | -194,628 | ' |
Deferred income taxes | 1,031 | ' |
Other assets | 2,504 | ' |
Noncash assets acquired | 214,694 | ' |
Certificates of deposit | 90,869 | ' |
Deposits other than certificates of deposits | 71,317 | ' |
Other borrowings | 30,177 | ' |
Other liabilities | 2,265 | ' |
Net noncash assets acquired | 20,066 | ' |
Cash acquired | -19,825 | ' |
Liabilities assumed: | ($194,628) | ' |
Nature_of_Operations_and_Basis
Nature of Operations and Basis of Presentation | 9 Months Ended | |
Jun. 30, 2014 | ||
Accounting Policies [Abstract] | ' | |
Nature of Operations and Basis of Presentation | ' | |
1 | Nature of Operations and Basis of Presentation | |
The consolidated financial statements include the accounts of ESSA Bancorp, Inc. (the “Company”), and its wholly owned subsidiary, ESSA Bank & Trust (the “Bank”), and the Bank’s wholly owned subsidiaries, ESSACOR, Inc.; Pocono Investments Company; ESSA Advisory Services, LLC; Integrated Financial Corporation; and Integrated Abstract Incorporated, a wholly owned subsidiary of Integrated Financial Corporation. The primary purpose of the Company is to act as a holding company for the Bank. The Company is subject to regulation and supervision as a savings and loan holding company by the Federal Reserve Board. The Bank is a Pennsylvania-chartered savings bank located in Stroudsburg, Pennsylvania. The Bank’s primary business consists of the taking of deposits and granting of loans to customers generally in Monroe, Northampton, Lehigh, Lackawanna and Luzerne counties, Pennsylvania. The Bank is subject to regulation and supervision by the Pennsylvania Banking Department and the Federal Deposit Insurance Corporation. The investment in subsidiary on the parent company’s financial statements is carried at the parent company’s equity in the underlying net assets. | ||
ESSACOR, Inc. is a Pennsylvania corporation that has been used to purchase properties at tax sales that represent collateral for delinquent loans of the Bank. Pocono Investment Company is a Delaware corporation formed as an investment company subsidiary to hold and manage certain investments, including certain intellectual property. ESSA Advisory Services, LLC is a Pennsylvania limited liability company owned 100 percent by ESSA Bank & Trust. ESSA Advisory Services, LLC is a full-service insurance benefits consulting company offering group services such as health insurance, life insurance, short-term and long-term disability, dental, vision, and 401(k) retirement planning as well as individual health products. Integrated Financial Corporation is a Pennsylvania Corporation that provided investment advisory services to the general public as a former subsidiary of First Star Bank. The Company acquired First Star Bank in a transaction that closed on July 31, 2012. Integrated Financial Corporation is currently inactive. Integrated Abstract Incorporated is a Pennsylvania Corporation that provides title insurance services. All significant intercompany accounts and transactions have been eliminated in consolidation. | ||
The unaudited consolidated financial statements reflect all adjustments, which in the opinion of management, are necessary for a fair presentation of the results of the interim periods and are of a normal and recurring nature. Operating results for the nine month period ended June 30, 2014 are not necessarily indicative of the results that may be expected for the year ending September 30, 2014. |
Earnings_per_Share
Earnings per Share | 9 Months Ended | ||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||||||
Earnings per Share | ' | ||||||||||||||||
2 | Earnings per Share | ||||||||||||||||
The following table sets forth the composition of the weighted-average common shares (denominator) used in the basic and diluted earnings per share computation for the three and nine month periods ended June 30, 2014 and 2013. | |||||||||||||||||
Three months ended | Nine months ended | ||||||||||||||||
June 30, | June 30, | June 30, | June 30, | ||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Weighted-average common shares outstanding | 18,133,095 | 18,162,764 | 18,133,095 | 18,142,984 | |||||||||||||
Average treasury stock shares | (6,272,961 | ) | (5,645,336 | ) | (6,233,349 | ) | (5,269,686 | ) | |||||||||
Average unearned ESOP shares | (1,012,790 | ) | (1,058,066 | ) | (1,024,151 | ) | (1,069,427 | ) | |||||||||
Average unearned non-vested shares | (9,752 | ) | (49,571 | ) | (11,233 | ) | (38,970 | ) | |||||||||
Weighted average common shares and common stock equivalents used to calculate basic earnings per share | 10,837,592 | 11,409,791 | 10,864,362 | 11,764,901 | |||||||||||||
Additional common stock equivalents (non-vested stock) used to calculate diluted earnings per share | — | — | — | — | |||||||||||||
Additional common stock equivalents (stock options) used to calculate diluted earnings per share | — | — | — | — | |||||||||||||
Weighted average common shares and common stock equivalents used to calculate diluted earnings per share | 10,837,592 | 11,409,791 | 10,864,362 | 11,764,901 | |||||||||||||
At June 30, 2014 and 2013 there were options to purchase 1,458,379 shares of common stock outstanding at a price of $12.35 per share that were not included in the computation of diluted EPS because to do so would have been anti-dilutive. At June 30, 2014 and 2013 there were 4,440 and 24,999 shares, respectively, of nonvested stock outstanding at prices of $10.94 and $12.35 per share, respectively that were not included in the computation of diluted EPS because to do so would have been anti-dilutive. |
Use_of_Estimates_in_the_Prepar
Use of Estimates in the Preparation of Financial Statements | 9 Months Ended | |
Jun. 30, 2014 | ||
Text Block [Abstract] | ' | |
Use of Estimates in the Preparation of Financial Statements | ' | |
3 | Use of Estimates in the Preparation of Financial Statements | |
The accounting principles followed by the Company and its subsidiaries and the methods of applying these principles conform to U.S. generally accepted accounting principles (“GAAP”) and to general practice within the banking industry. In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the Consolidated Balance Sheet date and related revenues and expenses for the period. Actual results could differ significantly from those estimates. |
Recent_Accounting_Pronouncemen
Recent Accounting Pronouncements | 9 Months Ended | |
Jun. 30, 2014 | ||
Accounting Changes And Error Corrections [Abstract] | ' | |
Recent Accounting Pronouncements | ' | |
4 | Recent Accounting Pronouncements: | |
In June 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2013-08, Financial Services – Investment Companies (Topic 946): Amendments to the Scope, Measurement, and Disclosure Requirements. The amendments in this Update affect the scope, measurement, and disclosure requirements for investment companies under U.S. GAAP. The amendments do all of the following: (1) change the approach to the investment company assessment in Topic 946, clarify the characteristics of an investment company, and provide comprehensive guidance for assessing whether an entity is an investment company; (2) require an investment company to measure noncontrolling ownership interests in other investment companies at fair value rather than using the equity method of accounting; and (3) require the following additional disclosures: (a) the fact that the entity is an investment company and is applying the guidance in Topic 946, (b) information about changes, if any, in an entity’s status as an investment company, and (c) information about financial support provided or contractually required to be provided by an investment company to any of its investees. The amendments in this Update are effective for an entity’s interim and annual reporting periods in fiscal years that begin after December 15, 2013. Earlier application is prohibited. This Update is not expected to have a significant impact on the Company’s financial statements. | ||
In July 2013, the FASB issued ASU 2013-11, Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. This Update applies to all entities that have unrecognized tax benefits when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists at the reporting date. An unrecognized tax benefit, or a portion of an unrecognized tax benefit, should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward, except as follows. To the extent a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position or the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. The assessment of whether a deferred tax asset is available is based on the unrecognized tax benefit and deferred tax asset that exist at the reporting date and should be made presuming disallowance of the tax position at the reporting date. The amendments in this Update are effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. The amendments should be applied prospectively to all unrecognized tax benefits that exist at the effective date. Retrospective application is permitted. This Update is not expected to have a significant impact on the Company’s financial statements. | ||
In January 2014, the FASB issued ASU 2014-01, Investments – Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Qualified Affordable Housing Projects. The amendments in this Update permit reporting entities to make an accounting policy election to account for their investments in qualified affordable housing projects using the proportional amortization method if certain conditions are met. Under the proportional amortization method, an entity amortizes the initial cost of the investment in proportion to the tax credits and other tax benefits received and recognizes the net investment performance in the income statement as a component of income tax expense (benefit). The amendments in this Update should be applied retrospectively to all periods presented. A reporting entity that uses the effective yield method to account for its investments in qualified affordable housing projects before the date of adoption may continue to apply the effective yield method for those preexisting investments. The amendments in this Update are effective for public business entities for annual periods and interim reporting periods within those annual periods, beginning after December 15, 2014. Early adoption is permitted. This Update is not expected to have a significant impact on the Company’s financial statements. | ||
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. The amendments in this Update clarify that an in substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either (1) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. Additionally, the amendments require interim and annual disclosure of both (1) the amount of foreclosed residential real estate property held by the creditor and (2) the recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure according to local requirements of the applicable jurisdiction. The amendments in this Update are effective for public business entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. An entity can elect to adopt the amendments in this Update using either a modified retrospective transition method or a prospective transition method. This Update is not expected to have a significant impact on the Company’s financial statements. | ||
In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (a new revenue recognition standard). The Update’s core principle is that a company will recognize revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In addition, this update specifies the accounting for certain costs to obtain or fulfill a contract with a customer and expands disclosure requirements for revenue recognition. This Update is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. This update is not expected to have a significant impact on the Company’s financial statements. | ||
In June 2014, the FASB issued ASU 2014-11, Transfers and Servicing (Topic 860): Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures. The amendments in this Update change the accounting for repurchase-to-maturity transactions to secured borrowing accounting. For repurchase financing arrangements, the amendments require separate accounting for a transfer of a financial asset executed contemporaneously with a repurchase agreement with the same counterparty, which will result in secured borrowing accounting for the repurchase agreement. The amendments also require enhanced disclosures. The accounting changes in this Update are effective for the first interim or annual period beginning after December 15, 2014. An entity is required to present changes in accounting for transactions outstanding on the effective date as a cumulative-effect adjustment to retained earnings as of the beginning of the period of adoption. Earlier application is prohibited. The disclosure for certain transactions accounted for as a sale is required to be presented for interim and annual periods beginning after December 15, 2014, and the disclosure for repurchase agreements, securities lending transactions, and repurchase-to-maturity transactions accounted for as secured borrowings is required to be presented for annual periods beginning after December 15, 2014, and for interim periods beginning after March 15, 2015. The disclosures are not required to be presented for comparative periods before the effective date. This Update is not expected to have a significant impact on the Company’s financial statements. | ||
In June 2014, the FASB issued ASU 2014-12, Compensation-Stock Compensation (Topic 718): Accounting for Share-Based Payments when the Terms of an Award Provide that a Performance Target Could Be Achieved After the Requisite Service Period. The amendments require that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. The amendments in this Update are effective for annual periods and interim periods within those annual periods beginning after December 15, 2015. Earlier adoption is permitted. Entities may apply the amendments in this Update either (a) prospectively to all awards granted or modified after the effective date or (b) retrospectively to all awards with performance targets that are outstanding as of the beginning of the earliest annual period presented in the financial statements and to all new or modified awards thereafter. If retrospective transition is adopted, the cumulative effect of applying this Update as of the beginning of the earliest annual period presented in the financial statements should be recognized as an adjustment to the opening retained earnings balance at that date. Additionally, if retrospective transition is adopted, an entity may use hindsight in measuring and recognizing the compensation cost. This Update is not expected to have a significant impact on the Company’s financial statements. |
Investment_Securities
Investment Securities | 9 Months Ended | ||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||
Investments Debt And Equity Securities [Abstract] | ' | ||||||||||||||||
Investment Securities | ' | ||||||||||||||||
5 | Investment Securities | ||||||||||||||||
The amortized cost and fair value of investment securities available for sale are summarized as follows (in thousands): | |||||||||||||||||
June 30, 2014 | |||||||||||||||||
Amortized | Gross | Gross | Fair Value | ||||||||||||||
Cost | Unrealized | Unrealized | |||||||||||||||
Gains | Losses | ||||||||||||||||
Available for Sale | |||||||||||||||||
Fannie Mae | $ | 141,678 | $ | 1,991 | $ | (1,230 | ) | $ | 142,439 | ||||||||
Freddie Mac | 80,805 | 813 | (1,017 | ) | 80,601 | ||||||||||||
Governmental National Mortgage Association | 31,709 | 170 | (170 | ) | 31,709 | ||||||||||||
Other mortgage-backed securities | 2,839 | — | (7 | ) | 2,832 | ||||||||||||
Total mortgage-backed securities | 257,031 | 2,974 | (2,424 | ) | 257,581 | ||||||||||||
Obligations of states and political subdivisions | 42,067 | 1,390 | (294 | ) | 43,163 | ||||||||||||
U.S. government agency securities | 48,037 | 240 | (372 | ) | 47,905 | ||||||||||||
Corporate obligations | 13,169 | 262 | (26 | ) | 13,405 | ||||||||||||
Trust-preferred securities | 5,003 | 688 | — | 5,691 | |||||||||||||
Other debt securities | 5,233 | 40 | (19 | ) | 5,254 | ||||||||||||
Total debt securities | 370,540 | 5,594 | (3,135 | ) | 372,999 | ||||||||||||
Equity securities - financial services | 2,025 | — | — | 2,025 | |||||||||||||
Total | $ | 372,565 | $ | 5,594 | $ | (3,135 | ) | $ | 375,024 | ||||||||
September 30, 2013 | |||||||||||||||||
Amortized | Gross | Gross | Fair Value | ||||||||||||||
Cost | Unrealized | Unrealized | |||||||||||||||
Gains | Losses | ||||||||||||||||
Available for Sale | |||||||||||||||||
Fannie Mae | $ | 114,927 | $ | 1,691 | $ | (1,595 | ) | $ | 115,023 | ||||||||
Freddie Mac | 60,111 | 838 | (1,252 | ) | 59,697 | ||||||||||||
Governmental National Mortgage Association | 39,692 | 289 | (230 | ) | 39,751 | ||||||||||||
Other mortgage-backed securities | 3,385 | — | (19 | ) | 3,366 | ||||||||||||
Total mortgage-backed securities | 218,115 | 2,818 | (3,096 | ) | 217,837 | ||||||||||||
Obligations of states and political subdivisions | 23,754 | 654 | (499 | ) | 23,909 | ||||||||||||
U.S. government agency securities | 52,775 | 225 | (480 | ) | 52,520 | ||||||||||||
Corporate obligations | 12,756 | 186 | (169 | ) | 12,773 | ||||||||||||
Trust-preferred securities | 4,943 | 471 | — | 5,414 | |||||||||||||
Other debt securities | 1,147 | 7 | — | 1,154 | |||||||||||||
Total debt securities | 313,490 | 4,361 | (4,244 | ) | 313,607 | ||||||||||||
Equity securities - financial services | 2,025 | — | (10 | ) | 2,015 | ||||||||||||
Total | $ | 315,515 | $ | 4,361 | $ | (4,254 | ) | $ | 315,622 | ||||||||
The amortized cost and fair value of debt securities at June 30, 2014, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties (in thousands): | |||||||||||||||||
Available For Sale | |||||||||||||||||
Amortized | Fair Value | ||||||||||||||||
Cost | |||||||||||||||||
Due in one year or less | $ | 2,130 | $ | 2,144 | |||||||||||||
Due after one year through five years | 47,511 | 47,901 | |||||||||||||||
Due after five years through ten years | 63,011 | 63,750 | |||||||||||||||
Due after ten years | 257,888 | 259,204 | |||||||||||||||
Total | $ | 370,540 | $ | 372,999 | |||||||||||||
For the three months ended June 30, 2014, the Company realized gross losses of $10,000 on proceeds from the sale of investment securities of $100. For the nine months ended June 30, 2014, the Company realized gross gains of $247,000 and gross losses of $21,000 on proceeds from the sale of investment securities of $8.1 million. For the three months ended June 30, 2013, the Company realized gross gains of $11,000 on proceeds from the sale of investment securities of $23,000. For the nine months ended June 30, 2013, the Company realized gross gains of $767,000 and gross losses of $18,000 on proceeds from the sale of investment securities of $39.2 million. |
Unrealized_Losses_on_Securitie
Unrealized Losses on Securities | 9 Months Ended | ||||||||||||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||||||||||||
Text Block [Abstract] | ' | ||||||||||||||||||||||||||||
Unrealized Losses on Securities | ' | ||||||||||||||||||||||||||||
6 | Unrealized Losses on Securities | ||||||||||||||||||||||||||||
The following table shows the Company’s gross unrealized losses and fair value, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position (in thousands): | |||||||||||||||||||||||||||||
June 30, 2014 | |||||||||||||||||||||||||||||
Number of | Less than Twelve | Twelve Months or | Total | ||||||||||||||||||||||||||
Securities | Months | Greater | |||||||||||||||||||||||||||
Fair | Gross | Fair | Gross | Fair | Gross | ||||||||||||||||||||||||
Value | Unrealized | Value | Unrealized | Value | Unrealized | ||||||||||||||||||||||||
Losses | Losses | Losses | |||||||||||||||||||||||||||
Fannie Mae | 24 | $ | 6,381 | $ | (28 | ) | $ | 33,971 | $ | (1,202 | ) | $ | 40,352 | $ | (1,230 | ) | |||||||||||||
Freddie Mac | 23 | 9,551 | (49 | ) | 30,409 | (968 | ) | 39,960 | (1,017 | ) | |||||||||||||||||||
Governmental National Mortgage Association | 6 | 3,453 | (11 | ) | 6,245 | (159 | ) | 9,698 | (170 | ) | |||||||||||||||||||
Other mortgage-backed securities | 3 | 547 | (1 | ) | 2,286 | (6 | ) | 2,833 | (7 | ) | |||||||||||||||||||
Obligations of states and political subdivisions | 5 | — | — | 7,186 | (294 | ) | 7,186 | (294 | ) | ||||||||||||||||||||
U.S. government agency securities | 10 | 4,004 | (6 | ) | 23,470 | (366 | ) | 27,474 | (372 | ) | |||||||||||||||||||
Corporate obligations | 5 | 1,990 | (10 | ) | 2,319 | (16 | ) | 4,309 | (26 | ) | |||||||||||||||||||
Other debt securities | 2 | 2,102 | (19 | ) | — | — | 2,102 | (19 | ) | ||||||||||||||||||||
Total | 78 | $ | 28,028 | $ | (124 | ) | $ | 105,886 | $ | (3,011 | ) | $ | 133,914 | $ | (3,135 | ) | |||||||||||||
September 30, 2013 | |||||||||||||||||||||||||||||
Number of | Less than Twelve | Twelve Months or | Total | ||||||||||||||||||||||||||
Securities | Months | Greater | |||||||||||||||||||||||||||
Fair | Gross | Fair | Gross | Fair | Gross | ||||||||||||||||||||||||
Value | Unrealized | Value | Unrealized | Value | Unrealized | ||||||||||||||||||||||||
Losses | Losses | Losses | |||||||||||||||||||||||||||
Fannie Mae | 30 | $ | 47,814 | $ | (1,589 | ) | $ | 1,057 | $ | (6 | ) | $ | 48,871 | $ | (1,595 | ) | |||||||||||||
Freddie Mac | 20 | 32,781 | (1,252 | ) | — | 32,781 | (1,252 | ) | |||||||||||||||||||||
Governmental National Mortgage Association | 6 | 10,301 | (230 | ) | — | — | 10,301 | (230 | ) | ||||||||||||||||||||
Other mortgage-backed securities | 3 | 3,366 | (19 | ) | — | — | 3,366 | (19 | ) | ||||||||||||||||||||
Obligations of states and political subdivisions | 7 | 8,064 | (499 | ) | — | — | 8,064 | (499 | ) | ||||||||||||||||||||
U.S. government agency securities | 10 | 30,084 | (479 | ) | 999 | (1 | ) | 31,083 | (480 | ) | |||||||||||||||||||
Corporate obligations | 5 | 5,042 | (169 | ) | — | — | 5,042 | (169 | ) | ||||||||||||||||||||
Equity securities-financial services | 1 | 1,990 | (10 | ) | — | — | 1,990 | (10 | ) | ||||||||||||||||||||
Total | 82 | $ | 139,442 | $ | (4,247 | ) | $ | 2,056 | $ | (7 | ) | $ | 141,498 | $ | (4,254 | ) | |||||||||||||
The Company’s investment securities portfolio contains unrealized losses on securities, including mortgage-related instruments issued or backed by the full faith and credit of the United States government, or generally viewed as having the implied guarantee of the U.S. government, debt obligations of a U.S. state or political subdivision and corporate debt obligations. | |||||||||||||||||||||||||||||
The Company reviews its position quarterly and has asserted that at June 30, 2014, the declines outlined in the above table represent temporary declines and the Company would not be required to sell the security before its anticipated recovery in market value. | |||||||||||||||||||||||||||||
The Company has concluded that any impairment of its investment securities portfolio is not other than temporary but is the result of interest rate changes that are not expected to result in the non-collection of principal and interest during the period. |
Loans_Receivable_Net_and_Allow
Loans Receivable, Net and Allowance for Loan Losses | 9 Months Ended | ||||||||||||||||||||||||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||||||||||||||||||||||||
Receivables [Abstract] | ' | ||||||||||||||||||||||||||||||||||||||||
Loans Receivable, Net and Allowance for Loan Losses | ' | ||||||||||||||||||||||||||||||||||||||||
7 | Loans Receivable, Net and Allowance for Loan Losses | ||||||||||||||||||||||||||||||||||||||||
Loans receivable consist of the following (in thousands): | |||||||||||||||||||||||||||||||||||||||||
June 30, | September 30, | ||||||||||||||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||||||||||||||
Held for investment: | |||||||||||||||||||||||||||||||||||||||||
Real Estate Loans: | |||||||||||||||||||||||||||||||||||||||||
Residential | $ | 667,316 | $ | 686,651 | |||||||||||||||||||||||||||||||||||||
Construction | 1,800 | 2,288 | |||||||||||||||||||||||||||||||||||||||
Commercial | 188,343 | 159,469 | |||||||||||||||||||||||||||||||||||||||
Commercial | 23,331 | 10,125 | |||||||||||||||||||||||||||||||||||||||
Obligations of states and political subdivisions | 50,096 | 33,445 | |||||||||||||||||||||||||||||||||||||||
Home equity loans and lines of credit | 40,866 | 41,923 | |||||||||||||||||||||||||||||||||||||||
Auto Loans | 83,619 | 61 | |||||||||||||||||||||||||||||||||||||||
Other | 3,590 | 2,332 | |||||||||||||||||||||||||||||||||||||||
1,058,961 | 936,294 | ||||||||||||||||||||||||||||||||||||||||
Less allowance for loan losses | 8,836 | 8,064 | |||||||||||||||||||||||||||||||||||||||
Net loans | $ | 1,050,125 | $ | 928,230 | |||||||||||||||||||||||||||||||||||||
Included in the June 30, 2014 balances are loans acquired from FNCB, as of the acquisition date of January 24,2014 as follows: | |||||||||||||||||||||||||||||||||||||||||
Real Estate Loans: | |||||||||||||||||||||||||||||||||||||||||
Residential | $ | 933 | |||||||||||||||||||||||||||||||||||||||
Home equity loans and lines of credit | 77 | ||||||||||||||||||||||||||||||||||||||||
Other | 20 | ||||||||||||||||||||||||||||||||||||||||
Total loans | $ | 1,030 | |||||||||||||||||||||||||||||||||||||||
Included in the June 30, 2014 balances are loans acquired from Franklin Security Bank, as of the acquisition date of April 4, 2014 as follows: | |||||||||||||||||||||||||||||||||||||||||
Real Estate Loans: | |||||||||||||||||||||||||||||||||||||||||
Residential | $ | 17,151 | |||||||||||||||||||||||||||||||||||||||
Commercial | 38,247 | ||||||||||||||||||||||||||||||||||||||||
Commercial | 9,308 | ||||||||||||||||||||||||||||||||||||||||
Obligations of states and political subdivisions | 7,309 | ||||||||||||||||||||||||||||||||||||||||
Home equity loans and lines of credit | 16 | ||||||||||||||||||||||||||||||||||||||||
Auto loans | 78,794 | ||||||||||||||||||||||||||||||||||||||||
Other | 1,363 | ||||||||||||||||||||||||||||||||||||||||
Total loans | $ | 152,188 | |||||||||||||||||||||||||||||||||||||||
Total Loans | Individually Evaluated for | Loans Acquired with | Collectively Evaluated | ||||||||||||||||||||||||||||||||||||||
Impairment | Deteriorated Credit Quality | for Impairment | |||||||||||||||||||||||||||||||||||||||
June 30, 2014 | |||||||||||||||||||||||||||||||||||||||||
Real Estate Loans: | |||||||||||||||||||||||||||||||||||||||||
Residential | $ | 667,316 | $ | 13,093 | $ | 109 | $ | 654,114 | |||||||||||||||||||||||||||||||||
Construction | 1,800 | — | — | 1,800 | |||||||||||||||||||||||||||||||||||||
Commercial | 188,343 | 17,912 | 5,151 | 165,280 | |||||||||||||||||||||||||||||||||||||
Commercial | 23,331 | 536 | 293 | 22,502 | |||||||||||||||||||||||||||||||||||||
Obligations of states and political subdivisions | 50,096 | — | — | 50,096 | |||||||||||||||||||||||||||||||||||||
Home Equity loans and lines of credit | 40,866 | 220 | — | 40,646 | |||||||||||||||||||||||||||||||||||||
Auto Loans | 83,619 | — | — | 83,619 | |||||||||||||||||||||||||||||||||||||
Other | 3,590 | — | — | 3,590 | |||||||||||||||||||||||||||||||||||||
Total | $ | 1,058,961 | $ | 31,761 | $ | 5,553 | $ | 1,021,647 | |||||||||||||||||||||||||||||||||
Total Loans | Individually Evaluated for | Loans Acquired with | Collectively Evaluated | ||||||||||||||||||||||||||||||||||||||
Impairment | Deteriorated Credit Quality | for Impairment | |||||||||||||||||||||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||||||||||||||||||||||
Real Estate Loans: | |||||||||||||||||||||||||||||||||||||||||
Residential | $ | 686,651 | $ | 14,018 | $ | 271 | $ | 672,362 | |||||||||||||||||||||||||||||||||
Construction | 2,288 | — | — | 2,288 | |||||||||||||||||||||||||||||||||||||
Commercial | 159,469 | 15,478 | 6,355 | 137,636 | |||||||||||||||||||||||||||||||||||||
Commercial | 10,125 | 220 | 502 | 9,403 | |||||||||||||||||||||||||||||||||||||
Obligations of states and political subdivisions | 33,445 | — | — | 33,445 | |||||||||||||||||||||||||||||||||||||
Home Equity loans and lines of credit | 41,923 | 379 | 3 | 41,541 | |||||||||||||||||||||||||||||||||||||
Auto Loans | 61 | — | — | 61 | |||||||||||||||||||||||||||||||||||||
Other | 2,332 | — | — | 2,332 | |||||||||||||||||||||||||||||||||||||
Total | $ | 936,294 | $ | 30,095 | $ | 7,131 | $ | 899,068 | |||||||||||||||||||||||||||||||||
We maintain a loan review system that allows for a periodic review of our loan portfolio and the early identification of potential impaired loans. Such system takes into consideration, among other things, delinquency status, size of loans, type and market value of collateral and financial condition of the borrowers. Specific loan loss allowances are established for identified losses based on a review of such information. A loan evaluated for impairment is considered to be impaired when, based on current information and events, it is probable that we will be unable to collect all amounts due according to the contractual terms of the loan agreement. All loans identified as impaired are evaluated independently. We do not aggregate such loans for evaluation purposes. Impairment is measured on a loan-by-loan basis for commercial and construction loans by the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price, or the fair value of the collateral if the loan is collateral-dependent. | |||||||||||||||||||||||||||||||||||||||||
Large groups of smaller balance homogeneous loans are collectively evaluated for impairment. Accordingly, the Company does not separately identify individual consumer and residential mortgage loans for impairment disclosures, unless such loans are part of a larger relationship that is impaired, or are classified as a troubled debt restructuring. | |||||||||||||||||||||||||||||||||||||||||
A loan is considered to be a troubled debt restructuring (“TDR”) loan when the Company grants a concession to the borrower because of the borrower’s financial condition that it would not otherwise consider. Such concessions include the reduction of interest rates, forgiveness of principal or interest, or other modifications of interest rates that are less than the current market rate for new obligations with similar risk. TDR loans that are in compliance with their modified terms and that yield a market rate may be removed from the TDR status after a period of performance. | |||||||||||||||||||||||||||||||||||||||||
The following table includes the recorded investment and unpaid principal balances for impaired loans with the associated allowance amount, if applicable. Also presented are the average recorded investments in the impaired loans and the related amount of interest recognized during the time within the period that the impaired loans were impaired. | |||||||||||||||||||||||||||||||||||||||||
Recorded | Unpaid | Associated | Average | Interest | |||||||||||||||||||||||||||||||||||||
Investment | Principal | Allowance | Recorded | Income | |||||||||||||||||||||||||||||||||||||
Balance | Investment | Recognized | |||||||||||||||||||||||||||||||||||||||
June 30, 2014 | |||||||||||||||||||||||||||||||||||||||||
With no specific allowance recorded: | |||||||||||||||||||||||||||||||||||||||||
Real Estate Loans | |||||||||||||||||||||||||||||||||||||||||
Residential | $ | 8,512 | $ | 10,603 | $ | — | $ | 9,566 | $ | 242 | |||||||||||||||||||||||||||||||
Construction | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Commercial | 22,252 | 23,205 | — | 20,241 | 553 | ||||||||||||||||||||||||||||||||||||
Commercial | 829 | 834 | — | 1,764 | 49 | ||||||||||||||||||||||||||||||||||||
Obligations of states and political subdivisions | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Home equity loans and lines of credit | 183 | 458 | — | 285 | 4 | ||||||||||||||||||||||||||||||||||||
Auto Loans | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Other | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Total | 31,776 | 35,100 | — | 31,856 | 848 | ||||||||||||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||||||||||||||
Real Estate Loans | |||||||||||||||||||||||||||||||||||||||||
Residential | 4,690 | 5,258 | 531 | 3,425 | 79 | ||||||||||||||||||||||||||||||||||||
Construction | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Commercial | 811 | 847 | 96 | 1,896 | — | ||||||||||||||||||||||||||||||||||||
Commercial | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Obligations of states and political subdivisions | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Home equity loans and lines of credit | 37 | 45 | 37 | 17 | — | ||||||||||||||||||||||||||||||||||||
Auto Loans | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Other | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Total | 5,538 | 6,150 | 664 | 5,338 | 79 | ||||||||||||||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||||||||||||||
Real Estate Loans | |||||||||||||||||||||||||||||||||||||||||
Residential | 13,202 | 15,861 | 531 | 12,991 | 321 | ||||||||||||||||||||||||||||||||||||
Construction | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Commercial | 23,063 | 24,052 | 96 | 22,137 | 553 | ||||||||||||||||||||||||||||||||||||
Commercial | 829 | 834 | — | 1,764 | 49 | ||||||||||||||||||||||||||||||||||||
Obligations of states and political subdivisions | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Home equity loans and lines of credit | 220 | 503 | 37 | 302 | 4 | ||||||||||||||||||||||||||||||||||||
Auto Loans | — | — | — | — | |||||||||||||||||||||||||||||||||||||
Other | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Total Impaired Loans | $ | 37,314 | $ | 41,250 | $ | 664 | $ | 37,194 | $ | 927 | |||||||||||||||||||||||||||||||
Recorded | Unpaid | Associated | Average | Interest | |||||||||||||||||||||||||||||||||||||
Investment | Principal | Allowance | Recorded | Income | |||||||||||||||||||||||||||||||||||||
Balance | Investment | Recognized | |||||||||||||||||||||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||||||||||||||||||||||
With no specific allowance recorded: | |||||||||||||||||||||||||||||||||||||||||
Real Estate Loans | |||||||||||||||||||||||||||||||||||||||||
Residential | $ | 11,251 | $ | 13,013 | $ | — | $ | 9,716 | $ | 159 | |||||||||||||||||||||||||||||||
Construction | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Commercial | 18,711 | 20,258 | — | 20,751 | 615 | ||||||||||||||||||||||||||||||||||||
Commercial | 722 | 731 | — | 1,034 | 9 | ||||||||||||||||||||||||||||||||||||
Obligations of states and political subdivisions | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Home equity loans and lines of credit | 382 | 683 | — | 373 | 3 | ||||||||||||||||||||||||||||||||||||
Other | — | — | — | 18 | — | ||||||||||||||||||||||||||||||||||||
Total | 31,066 | 34,685 | — | 31,892 | 786 | ||||||||||||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||||||||||||||
Real Estate Loans | |||||||||||||||||||||||||||||||||||||||||
Residential | 3,038 | 3,221 | 518 | 2,655 | 74 | ||||||||||||||||||||||||||||||||||||
Construction | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Commercial | 3,122 | 3,178 | 301 | 2,839 | |||||||||||||||||||||||||||||||||||||
Commercial | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Obligations of states and political subdivisions | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Home equity loans and lines of credit | — | — | — | — | |||||||||||||||||||||||||||||||||||||
Other | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Total | 6,160 | 6,399 | 819 | 5,494 | 74 | ||||||||||||||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||||||||||||||
Real Estate Loans | |||||||||||||||||||||||||||||||||||||||||
Residential | 14,289 | 16,234 | 518 | 12,371 | 233 | ||||||||||||||||||||||||||||||||||||
Construction | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Commercial | 21,833 | 23,436 | 301 | 23,590 | 615 | ||||||||||||||||||||||||||||||||||||
Commercial | 722 | 731 | — | 1,034 | 9 | ||||||||||||||||||||||||||||||||||||
Obligations of states and political subdivisions | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Home equity loans and lines of credit | 382 | 683 | — | 373 | 3 | ||||||||||||||||||||||||||||||||||||
Other | — | — | — | 18 | — | ||||||||||||||||||||||||||||||||||||
Total Impaired Loans | $ | 37,226 | $ | 41,084 | $ | 819 | $ | 37,386 | $ | 860 | |||||||||||||||||||||||||||||||
Management uses a ten point internal risk rating system to monitor the credit quality of the overall loan portfolio. The first six categories are considered not criticized, and are aggregated as “Pass” rated. The criticized rating categories utilized by management generally follow bank regulatory definitions. The Special Mention category includes assets that are currently protected but are potentially weak, resulting in an undue and unwarranted credit risk, but not to the point of justifying a Substandard classification. Loans in the Substandard category have well-defined weaknesses that jeopardize the liquidation of the debt, and have a distinct possibility that some loss will be sustained if the weaknesses are not corrected. All loans greater than 90 days past due are considered Substandard. The portion of any loan that represents a specific allocation of the allowance for loan losses is placed in the Doubtful category. Any portion of a loan that has been charged off is placed in the Loss category. | |||||||||||||||||||||||||||||||||||||||||
To help ensure that risk ratings are accurate and reflect the present and future capacity of borrowers to repay a loan as agreed, the Bank has a structured loan rating process with several layers of internal and external oversight. Generally, consumer and residential mortgage loans are included in the Pass categories unless a specific action, such as bankruptcy, repossession, or death occurs to raise awareness of a possible credit event. The Bank’s Commercial Loan Officers are responsible for the timely and accurate risk rating of the loans in their portfolios at origination and on an ongoing basis. The Bank’s Commercial Loan Officers perform an annual review of all commercial relationships $250,000 or greater. Confirmation of the appropriate risk grade is included in the review on an ongoing basis. The Bank engages an external consultant to conduct loan reviews on at least a semi-annual basis. Generally, the external consultant reviews commercial relationships greater than $500,000 and/or all criticized relationships. Detailed reviews, including plans for resolution, are performed on loans classified as Substandard on a quarterly basis. Loans in the Special Mention and Substandard categories that are collectively evaluated for impairment are given separate consideration in the determination of the allowance. | |||||||||||||||||||||||||||||||||||||||||
The following tables present the classes of the loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system as of June 30, 2014 and September 30, 2013 (in thousands): | |||||||||||||||||||||||||||||||||||||||||
Pass | Special | Substandard | Doubtful | Total | |||||||||||||||||||||||||||||||||||||
Mention | |||||||||||||||||||||||||||||||||||||||||
June 30, 2014 | |||||||||||||||||||||||||||||||||||||||||
Commercial real estate loans | $ | 157,359 | $ | 8,576 | $ | 22,106 | $ | 302 | $ | 188,343 | |||||||||||||||||||||||||||||||
Commercial | 22,295 | 375 | 661 | — | 23,331 | ||||||||||||||||||||||||||||||||||||
Obligations of states and political subdivisions | 50,096 | — | — | — | 50,096 | ||||||||||||||||||||||||||||||||||||
Total | $ | 229,750 | $ | 8,951 | $ | 22,767 | $ | 302 | $ | 261,770 | |||||||||||||||||||||||||||||||
Pass | Special | Substandard | Doubtful | Total | |||||||||||||||||||||||||||||||||||||
Mention | |||||||||||||||||||||||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||||||||||||||||||||||
Commercial real estate loans | $ | 129,799 | $ | 9,440 | $ | 20,230 | $ | — | $ | 159,469 | |||||||||||||||||||||||||||||||
Commercial | 9,466 | 436 | 223 | — | 10,125 | ||||||||||||||||||||||||||||||||||||
Obligations of states and political subdivisions | 33,445 | — | — | — | 33,445 | ||||||||||||||||||||||||||||||||||||
Total | $ | 172,710 | $ | 9,876 | $ | 20,453 | $ | — | $ | 203,039 | |||||||||||||||||||||||||||||||
All other loans are underwritten and structured using standardized criteria and characteristics, primarily payment performance, and are normally risk rated and monitored collectively on a monthly basis. These are typically loans to individuals in the consumer categories and are delineated as either performing or non-performing. The following tables present the risk ratings in the consumer categories of performing and non-performing loans at June 30, 2014 and September 30, 2013 (in thousands): | |||||||||||||||||||||||||||||||||||||||||
Performing | Non-performing | Total | |||||||||||||||||||||||||||||||||||||||
June 30, 2014 | |||||||||||||||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||||||||||||||
Residential | $ | 656,893 | $ | 10,423 | $ | 667,316 | |||||||||||||||||||||||||||||||||||
Construction | 1,800 | — | 1,800 | ||||||||||||||||||||||||||||||||||||||
Home Equity loans and lines of credit | 40,613 | 253 | 40,866 | ||||||||||||||||||||||||||||||||||||||
Auto Loans | 83,594 | 25 | 83,619 | ||||||||||||||||||||||||||||||||||||||
Other | 3,577 | 13 | 3,590 | ||||||||||||||||||||||||||||||||||||||
Total | $ | 786,477 | $ | 10,714 | $ | 797,191 | |||||||||||||||||||||||||||||||||||
Performing | Non-performing | Total | |||||||||||||||||||||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||||||||||||||
Residential | $ | 675,706 | $ | 10,945 | $ | 686,651 | |||||||||||||||||||||||||||||||||||
Construction | 2,288 | — | 2,288 | ||||||||||||||||||||||||||||||||||||||
Home Equity loans and lines of credit | 41,584 | 339 | 41,923 | ||||||||||||||||||||||||||||||||||||||
Auto loans | 61 | — | 61 | ||||||||||||||||||||||||||||||||||||||
Other | 2,332 | — | 2,332 | ||||||||||||||||||||||||||||||||||||||
Total | $ | 721,971 | $ | 11,284 | $ | 733,255 | |||||||||||||||||||||||||||||||||||
Management further monitors the performance and credit quality of the loan portfolio by analyzing the age of the portfolio as determined by the length of time a recorded payment is past due. The following tables present the classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans as of June 30, 2014 and September 30, 2013 (in thousands): | |||||||||||||||||||||||||||||||||||||||||
Current | 31-60 Days | 61-90 Days | Greater than | Non-Accrual | Total Past | Total | |||||||||||||||||||||||||||||||||||
Past Due | Past Due | 90 Days Past | Due and | Loans | |||||||||||||||||||||||||||||||||||||
Due and still | Non- | ||||||||||||||||||||||||||||||||||||||||
accruing | Accrual | ||||||||||||||||||||||||||||||||||||||||
June 30, 2014 | |||||||||||||||||||||||||||||||||||||||||
Real estate loans | |||||||||||||||||||||||||||||||||||||||||
Residential | $ | 652,247 | $ | 3,857 | $ | 789 | $ | — | $ | 10,423 | $ | 15,069 | $ | 667,316 | |||||||||||||||||||||||||||
Construction | 1,800 | — | — | — | — | — | 1,800 | ||||||||||||||||||||||||||||||||||
Commercial | 177,162 | 283 | — | — | 10,898 | 11,181 | 188,343 | ||||||||||||||||||||||||||||||||||
Commercial | 21,682 | 204 | 127 | — | 1,318 | 1,649 | 23,331 | ||||||||||||||||||||||||||||||||||
Obligations of states and political subdivisions | 50,077 | 19 | — | — | — | 19 | 50,096 | ||||||||||||||||||||||||||||||||||
Home equity loans and lines of credit | 40,514 | 69 | 30 | — | 253 | 352 | 40,866 | ||||||||||||||||||||||||||||||||||
Auto Loans | 83,312 | 282 | — | — | 25 | 307 | 83,619 | ||||||||||||||||||||||||||||||||||
Other | 3,517 | 51 | 9 | — | 13 | 73 | 3,590 | ||||||||||||||||||||||||||||||||||
Total | $ | 1,030,311 | $ | 4,765 | $ | 955 | $ | — | $ | 22,930 | $ | 28,650 | $ | 1,058,961 | |||||||||||||||||||||||||||
Current | 31-60 Days | 61-90 Days | Greater than | Non-Accrual | Total Past | Total | |||||||||||||||||||||||||||||||||||
Past Due | Past Due | 90 Days Past | Due and | Loans | |||||||||||||||||||||||||||||||||||||
Due and still | Non- | ||||||||||||||||||||||||||||||||||||||||
accruing | Accrual | ||||||||||||||||||||||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||||||||||||||||||||||
Real estate loans | |||||||||||||||||||||||||||||||||||||||||
Residential | $ | 671,850 | $ | 2,866 | $ | 990 | $ | — | $ | 10,945 | $ | 14,801 | $ | 686,651 | |||||||||||||||||||||||||||
Construction | 2,288 | — | — | — | — | — | 2,288 | ||||||||||||||||||||||||||||||||||
Commercial | 146,062 | 2,589 | — | 10,818 | 13,407 | 159,469 | |||||||||||||||||||||||||||||||||||
Commercial | 8,948 | — | — | — | 1,177 | 1,177 | 10,125 | ||||||||||||||||||||||||||||||||||
Obligations of states and political subdivisions | 33,445 | — | — | — | — | — | 33,445 | ||||||||||||||||||||||||||||||||||
Home equity loans and lines of credit | 41,380 | 127 | 77 | — | 339 | 543 | 41,923 | ||||||||||||||||||||||||||||||||||
Auto loans | 61 | — | — | — | — | — | 61 | ||||||||||||||||||||||||||||||||||
Other | 2,275 | 57 | — | — | — | 57 | 2,332 | ||||||||||||||||||||||||||||||||||
Total | $ | 906,309 | $ | 5,639 | $ | 1,067 | $ | — | $ | 23,279 | $ | 29,985 | $ | 936,294 | |||||||||||||||||||||||||||
Our allowance for loan losses is maintained at a level necessary to absorb loan losses that are both probable and reasonably estimable. Management, in determining the allowance for loan losses, considers the losses inherent in its loan portfolio and changes in the nature and volume of loan activities, along with the general economic and real estate market conditions. Our allowance for loan losses consists of two elements: (1) an allocated allowance, which comprises allowances established on specific loans and class allowances based on historical loss experience and current trends, and (2) an allocated allowance based on general economic conditions and other risk factors in our markets and portfolios. We maintain a loan review system, which allows for a periodic review of our loan portfolio and the early identification of potential impaired loans. Such system takes into consideration, among other things, delinquency status, size of loans, type and market value of collateral and financial condition of the borrowers. General loan loss allowances are based upon a combination of factors including, but not limited to, actual loan loss experience, composition of the loan portfolio, current economic conditions, management’s judgment and losses which are probable and reasonably estimable. The allowance is increased through provisions charged against current earnings and recoveries of previously charged-off loans. Loans that are determined to be uncollectible are charged against the allowance. While management uses available information to recognize probable and reasonably estimable loan losses, future loss provisions may be necessary, based on changing economic conditions. Payments received on impaired loans generally are either applied against principal or reported as interest income, according to management’s judgment as to the collectability of principal. The allowance for loan losses as of June 30, 2014 is maintained at a level that represents management’s best estimate of losses inherent in the loan portfolio, and such losses were both probable and reasonably estimable. | |||||||||||||||||||||||||||||||||||||||||
In addition, the FDIC and the Pennsylvania Department of Banking, as an integral part of their examination process, have periodically reviewed our allowance for loan losses. The banking regulators may require that we recognize additions to the allowance based on its analysis and review of information available to it at the time of its examination. | |||||||||||||||||||||||||||||||||||||||||
Management reviews the loan portfolio on a quarterly basis using a defined, consistently applied process in order to make appropriate and timely adjustments to the ALL. When information confirms all or part of specific loans to be uncollectible, these amounts are promptly charged off against the ALL. | |||||||||||||||||||||||||||||||||||||||||
The following tables summarize changes in the primary segments of the ALL for the three and nine month periods ending June 30, 2014 and 2013: | |||||||||||||||||||||||||||||||||||||||||
Real Estate Loans | |||||||||||||||||||||||||||||||||||||||||
Residential | Construction | Commercial | Commercial | Obligations of | Home | Auto | Other Loans | Unallocated | Total | ||||||||||||||||||||||||||||||||
Loans | States and | Equity | Loans | ||||||||||||||||||||||||||||||||||||||
Political | Loans and | ||||||||||||||||||||||||||||||||||||||||
Subdivisions | Lines of | ||||||||||||||||||||||||||||||||||||||||
Credit | |||||||||||||||||||||||||||||||||||||||||
ALL balance at March 31, 2014 | 5,920 | 26 | 1,003 | 369 | 106 | 500 | — | 26 | 712 | 8,662 | |||||||||||||||||||||||||||||||
Charge-offs | (332 | ) | — | (23 | ) | — | — | (10 | ) | — | — | — | (365 | ) | |||||||||||||||||||||||||||
Recoveries | 34 | — | — | 2 | — | — | — | 3 | — | 39 | |||||||||||||||||||||||||||||||
Provision | 312 | (2 | ) | (399 | ) | 222 | 10 | (17 | ) | 56 | (3 | ) | 321 | 500 | |||||||||||||||||||||||||||
ALL balance at June 30, 2014 | 5,934 | 24 | 581 | 593 | 116 | 473 | 56 | 26 | 1,033 | 8,836 | |||||||||||||||||||||||||||||||
March 31, 2013 | 5,791 | 28 | 837 | 350 | 106 | 496 | — | 19 | 44 | 7,671 | |||||||||||||||||||||||||||||||
Charge-offs | (509 | ) | — | (74 | ) | (16 | ) | — | — | — | — | — | (599 | ) | |||||||||||||||||||||||||||
Recoveries | 9 | — | — | — | — | 3 | — | — | — | 12 | |||||||||||||||||||||||||||||||
Provision | 676 | 16 | 262 | 27 | 7 | 97 | — | 1 | 14 | 1,100 | |||||||||||||||||||||||||||||||
ALL balance at June 30, 2013 | 5,967 | 44 | 1,025 | 361 | 113 | 596 | — | 20 | 58 | 8,184 | |||||||||||||||||||||||||||||||
ALL balance at September 30, 2013 | 5,787 | 20 | 946 | 337 | 130 | 430 | — | 21 | 393 | 8,064 | |||||||||||||||||||||||||||||||
Charge-offs | (1,255 | ) | — | (73 | ) | (48 | ) | — | (73 | ) | — | — | — | (1,449 | ) | ||||||||||||||||||||||||||
Recoveries | 112 | — | 83 | 14 | — | — | — | 12 | — | 221 | |||||||||||||||||||||||||||||||
Provision | 1,290 | 4 | (375 | ) | 290 | (14 | ) | 116 | 56 | (7 | ) | 640 | 2,000 | ||||||||||||||||||||||||||||
ALL balance at June 30, 2014 | 5,934 | 24 | 581 | 593 | 116 | 473 | 56 | 26 | 1,033 | 8,836 | |||||||||||||||||||||||||||||||
September 30, 2012 | 5,401 | 29 | 699 | 474 | 127 | 499 | — | 22 | 51 | 7,302 | |||||||||||||||||||||||||||||||
Charge-offs | (1,752 | ) | — | (288 | ) | (16 | ) | — | (67 | ) | — | (6 | ) | — | (2,129 | ) | |||||||||||||||||||||||||
Recoveries | 50 | — | 2 | — | — | 9 | — | — | — | 61 | |||||||||||||||||||||||||||||||
Provision | 2,268 | 15 | 612 | (97 | ) | (14 | ) | 155 | — | 4 | 7 | 2,950 | |||||||||||||||||||||||||||||
ALL balance at June 30, 2013 | 5,967 | 44 | 1,025 | 361 | 113 | 596 | — | 20 | 58 | 8,184 | |||||||||||||||||||||||||||||||
Acquired loans are recorded at fair value on their purchase date without a carryover of the related allowance for loan losses. | |||||||||||||||||||||||||||||||||||||||||
The following table summarizes the primary segments of the ALL, segregated into amount required for loans individually evaluated for impairment and the amount required for loans collectively evaluated for impairment as of June 30, 2014 (in thousands): | |||||||||||||||||||||||||||||||||||||||||
Real Estate Loans | |||||||||||||||||||||||||||||||||||||||||
Residential | Construction | Commercial | Commercial | Obligations of | Home | Auto | Other Loans | Unallocated | Total | ||||||||||||||||||||||||||||||||
Loans | States and | Equity | Loans | ||||||||||||||||||||||||||||||||||||||
Political | Loans and | ||||||||||||||||||||||||||||||||||||||||
Subdivisions | Lines of | ||||||||||||||||||||||||||||||||||||||||
Credit | |||||||||||||||||||||||||||||||||||||||||
Individually evaluated for impairment | 531 | — | 96 | — | — | 37 | — | — | — | 664 | |||||||||||||||||||||||||||||||
Collectively evaluated for impairment | 5,403 | 24 | 485 | 593 | 116 | 436 | 56 | 26 | 1,033 | 8,172 | |||||||||||||||||||||||||||||||
ALL Balance at June 30, 2014 | 5,934 | 24 | 581 | 593 | 116 | 473 | 56 | 26 | 1,033 | 8,836 | |||||||||||||||||||||||||||||||
Individually evaluated for impairment | 518 | — | 301 | — | — | — | — | — | — | 819 | |||||||||||||||||||||||||||||||
Collectively evaluated for impairment | 5,269 | 20 | 645 | 337 | 130 | 430 | — | 21 | 393 | 7,245 | |||||||||||||||||||||||||||||||
ALL balance at September 30, 2013 | 5,787 | 20 | 946 | 337 | 130 | 430 | — | 21 | 393 | 8,064 | |||||||||||||||||||||||||||||||
The allowance for loan losses is based on estimates, and actual losses will vary from current estimates. Management believes that the granularity of the homogeneous pools and the related historical loss ratios and other qualitative factors, as well as the consistency in the application of assumptions, result in an ALL that is representative of the risk found in the components of the portfolio at any given date. The Company allocated increased provisions to the residential real estate, commercial loans, home equity loans and lines of credit segments for the nine month period ending June 30, 2014 due to increased charge off activity and impairment evaluations in those segments. Despite the above allocations, the allowance for loan losses is general in nature and is available to absorb losses from any loan segment. | |||||||||||||||||||||||||||||||||||||||||
The following is a summary of troubled debt restructuring granted during the three and nine months ended June 30, 2014 and 2013. | |||||||||||||||||||||||||||||||||||||||||
For the Three Months Ended June 30, 2014 | |||||||||||||||||||||||||||||||||||||||||
Number of | Pre-Modification | Post-Modification | |||||||||||||||||||||||||||||||||||||||
Contracts | Outstanding | Outstanding | |||||||||||||||||||||||||||||||||||||||
Recorded | Recorded | ||||||||||||||||||||||||||||||||||||||||
Investment | Investment | ||||||||||||||||||||||||||||||||||||||||
Troubled Debt Restructurings | |||||||||||||||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||||||||||||||
Residential | 2 | $ | 236 | $ | 236 | ||||||||||||||||||||||||||||||||||||
Construction | — | — | — | ||||||||||||||||||||||||||||||||||||||
Commercial | — | — | — | ||||||||||||||||||||||||||||||||||||||
Commercial | — | — | — | ||||||||||||||||||||||||||||||||||||||
Obligations of states and political subdivisions | — | — | — | ||||||||||||||||||||||||||||||||||||||
Home equity loans and lines of credit | — | — | — | ||||||||||||||||||||||||||||||||||||||
Auto Loans | — | — | — | ||||||||||||||||||||||||||||||||||||||
Other | — | — | — | ||||||||||||||||||||||||||||||||||||||
Total | 2 | $ | 236 | $ | 236 | ||||||||||||||||||||||||||||||||||||
Of the two new troubled debt restructurings granted for the three months ended June 30, 2014, one loan totaling $208,000 was granted terms and rate concessions and one loan totaling $28,000 was granted terms concessions. | |||||||||||||||||||||||||||||||||||||||||
For the Three Months Ended June 30, 2013 | |||||||||||||||||||||||||||||||||||||||||
Number of | Pre-Modification | Post-Modification | |||||||||||||||||||||||||||||||||||||||
Contracts | Outstanding | Outstanding | |||||||||||||||||||||||||||||||||||||||
Recorded | Recorded | ||||||||||||||||||||||||||||||||||||||||
Investment | Investment | ||||||||||||||||||||||||||||||||||||||||
Troubled Debt Restructurings | |||||||||||||||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||||||||||||||
Residential | 8 | $ | 989 | $ | 989 | ||||||||||||||||||||||||||||||||||||
Construction | — | — | — | ||||||||||||||||||||||||||||||||||||||
Commercial | — | — | — | ||||||||||||||||||||||||||||||||||||||
Commercial | — | — | — | ||||||||||||||||||||||||||||||||||||||
Obligations of states and political subdivisions | — | — | — | ||||||||||||||||||||||||||||||||||||||
Home equity loans and lines of credit | 1 | 98 | 98 | ||||||||||||||||||||||||||||||||||||||
Auto Loans | — | — | — | ||||||||||||||||||||||||||||||||||||||
Other | — | — | — | ||||||||||||||||||||||||||||||||||||||
Total | 9 | $ | 1,087 | $ | 1,087 | ||||||||||||||||||||||||||||||||||||
Of the nine new troubled debt restructurings granted for the three months ended June 30, 2013, six loans totaling $751,000 were granted terms and rate concessions and three loans totaling $336,000 were granted terms concessions. | |||||||||||||||||||||||||||||||||||||||||
For the Nine Months Ended June 30, 2014 | |||||||||||||||||||||||||||||||||||||||||
Number of | Pre-Modification | Post-Modification | |||||||||||||||||||||||||||||||||||||||
Contracts | Outstanding | Outstanding | |||||||||||||||||||||||||||||||||||||||
Recorded | Recorded | ||||||||||||||||||||||||||||||||||||||||
Investment | Investment | ||||||||||||||||||||||||||||||||||||||||
Troubled Debt Restructurings | |||||||||||||||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||||||||||||||
Residential | 9 | $ | 1,293 | $ | 1,293 | ||||||||||||||||||||||||||||||||||||
Construction | — | — | — | ||||||||||||||||||||||||||||||||||||||
Commercial | 1 | 197 | 197 | ||||||||||||||||||||||||||||||||||||||
Commercial | — | — | — | ||||||||||||||||||||||||||||||||||||||
Obligations of states and political subdivisions | — | — | — | ||||||||||||||||||||||||||||||||||||||
Home equity loans and lines of credit | — | — | — | ||||||||||||||||||||||||||||||||||||||
Auto Loans | — | — | — | ||||||||||||||||||||||||||||||||||||||
Other | — | — | — | ||||||||||||||||||||||||||||||||||||||
Total | 10 | $ | 1,490 | $ | 1,490 | ||||||||||||||||||||||||||||||||||||
Of the ten new troubled debt restructurings granted for the nine months ended June 30, 2014, six loans totaling $883,000 were granted terms and rate concessions and four loans totaling $607,000 were granted terms concessions. | |||||||||||||||||||||||||||||||||||||||||
For the Nine Months Ended June 30, 2013 | |||||||||||||||||||||||||||||||||||||||||
Number of | Pre-Modification | Post-Modification | |||||||||||||||||||||||||||||||||||||||
Contracts | Outstanding | Outstanding | |||||||||||||||||||||||||||||||||||||||
Recorded | Recorded | ||||||||||||||||||||||||||||||||||||||||
Investment | Investment | ||||||||||||||||||||||||||||||||||||||||
Troubled Debt Restructurings | |||||||||||||||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||||||||||||||
Residential | 12 | $ | 1,589 | $ | 1,589 | ||||||||||||||||||||||||||||||||||||
Construction | — | — | — | ||||||||||||||||||||||||||||||||||||||
Commercial | — | — | — | ||||||||||||||||||||||||||||||||||||||
Commercial | — | — | — | ||||||||||||||||||||||||||||||||||||||
Obligations of states and political subdivisions | — | — | — | ||||||||||||||||||||||||||||||||||||||
Home equity loans and lines of credit | 1 | 98 | 98 | ||||||||||||||||||||||||||||||||||||||
Auto Loans | |||||||||||||||||||||||||||||||||||||||||
Other | — | — | — | ||||||||||||||||||||||||||||||||||||||
Total | 13 | $ | 1,687 | $ | 1,687 | ||||||||||||||||||||||||||||||||||||
Of the 13 new troubled debt restructurings granted for the nine months ended June 30, 2013, eight loans totaling $1.3 million were granted terms and rate concessions and five loans totaling $410,000 were granted terms concessions. There were no troubled debt restructurings that have subsequently defaulted within one year of modification for the three and nine months ended June 30, 2014 and 2013. |
Deposits
Deposits | 9 Months Ended | ||||||||
Jun. 30, 2014 | |||||||||
Banking And Thrift [Abstract] | ' | ||||||||
Deposits | ' | ||||||||
8 | Deposits | ||||||||
Deposits consist of the following major classifications (in thousands): | |||||||||
June 30, | September 30, | ||||||||
2014 | 2013 | ||||||||
Non-interest bearing demand accounts | $ | 70,980 | $ | 58,795 | |||||
NOW accounts | 120,939 | 99,857 | |||||||
Money market accounts | 178,263 | 138,049 | |||||||
Savings and club accounts | 124,812 | 110,189 | |||||||
Certificates of deposit | 648,101 | 634,169 | |||||||
Total | $ | 1,143,095 | $ | 1,041,059 | |||||
Net_Periodic_Benefit_CostDefin
Net Periodic Benefit Cost-Defined Benefit Plan | 9 Months Ended | ||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||
Compensation And Retirement Disclosure [Abstract] | ' | ||||||||||||||||
Net Periodic Benefit Cost-Defined Benefit Plan | ' | ||||||||||||||||
9 | Net Periodic Benefit Cost-Defined Benefit Plan | ||||||||||||||||
For a detailed disclosure on the Bank’s pension and employee benefits plans, please refer to Note 13 of the Company’s Consolidated Financial Statements for the year ended September 30, 2013 included in the Company’s Form 10-K. | |||||||||||||||||
The following table comprises the components of net periodic benefit cost for the periods ended (in thousands): | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
June 30, | June 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Service Cost | $ | 144 | $ | 175 | $ | 433 | $ | 526 | |||||||||
Interest Cost | 191 | 179 | 572 | 537 | |||||||||||||
Expected return on plan assets | (290 | ) | (259 | ) | (871 | ) | (776 | ) | |||||||||
Amortization of unrecognized loss | 7 | 98 | 21 | 294 | |||||||||||||
Net periodic benefit cost | $ | 52 | $ | 193 | $ | 155 | $ | 581 | |||||||||
The Bank contributed $550,000 to its pension plan in May 2014. |
Equity_Incentive_Plan
Equity Incentive Plan | 9 Months Ended | ||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | ' | ||||||||||||||||
Equity Incentive Plan | ' | ||||||||||||||||
10 | Equity Incentive Plan | ||||||||||||||||
The Company maintains the ESSA Bancorp, Inc. 2007 Equity Incentive Plan (the “Plan”). The Plan provides for a total of 2,377,326 shares of common stock for issuance upon the grant or exercise of awards. Of the shares available under the Plan, 1,698,090 may be issued in connection with the exercise of stock options and 679,236 may be issued as restricted stock. The Plan allows for the granting of non-qualified stock options (“NSOs”), incentive stock options (“ISOs”), and restricted stock. Options are granted at no less than the fair value of the Company’s common stock on the date of the grant. | |||||||||||||||||
Certain officers, employees and outside directors were granted in aggregate 1,140,469 NSOs; 317,910 ISOs; and 590,320 shares of restricted stock on May 23, 2008. Certain officers were granted in aggregate 30,000 shares of restricted stock on April 1, 2013. In accordance with generally accepted accounting principles, the Company expenses the fair value of all share-based compensation grants over the requisite service periods. | |||||||||||||||||
The Company classifies share-based compensation for employees and outside directors within “Compensation and employee benefits” in the consolidated statement of income to correspond with the same line item as compensation paid. Additionally, generally accepted accounting principles require the Company to report: (1) the expense associated with the grants as an adjustment to operating cash flows and (2) any benefits of realized tax deductions in excess of previously recognized tax benefits on compensation expense as a financing cash flow. | |||||||||||||||||
Stock options vest over a five-year service period and expire ten years after grant date. The Company recognizes compensation expense for the fair values of these awards, which vest on a straight-line basis over the requisite service period of the awards. | |||||||||||||||||
The 2008 restricted shares vest over a five-year service period. The 2013 restricted stock shares vest over an 18-month service period. The product of the number of shares granted and the grant date market price of the Company’s common stock determines the fair value of restricted shares under the Company’s restricted stock plan. The Company recognizes compensation expense for the fair value of restricted shares on a straight-line basis over the requisite service period for the entire award. | |||||||||||||||||
For the nine months ended June 30, 2014 and 2013, the Company recorded $170,000 and $1.5 million of share-based compensation expense, respectively, comprised of restricted stock expense of $170,000 for the June 30, 2014 period and stock option expense of $458,000 and restricted stock expense of $1.0 million for the June 30, 2013 period. Expected future compensation expense relating to the 13,334 restricted shares at June 30, 2014, is $49,000 over the remaining vesting period of 0.25 years. | |||||||||||||||||
The following is a summary of the Company’s stock option activity and related information for its option grants for the six month period ended June 30, 2014. | |||||||||||||||||
Number of Stock | Weighted- | Weighted- | Aggregate | ||||||||||||||
Options | average | average | Intrinsic | ||||||||||||||
Exercise | Remaining | Value | |||||||||||||||
Price | Contractual | (in thousands) | |||||||||||||||
Term (in years) | |||||||||||||||||
Outstanding, September 30, 2013 | 1,458,379 | $ | 12.35 | 4.67 | $ | — | |||||||||||
Granted | — | — | — | — | |||||||||||||
Exercised | — | — | — | — | |||||||||||||
Forfeited | — | — | — | — | |||||||||||||
Outstanding, June 30, 2014 | 1,458,379 | $ | 12.35 | 3.9 | $ | — | |||||||||||
Exercisable at June 30, 2014 | 1,458,379 | $ | 12.35 | 3.9 | $ | — | |||||||||||
The following is a summary of the status of the Company’s restricted stock as of June 30, 2014, and changes therein during the six month period then ended: | |||||||||||||||||
Number of | Weighted- | ||||||||||||||||
Restricted Stock | average | ||||||||||||||||
Grant Date | |||||||||||||||||
Fair Value | |||||||||||||||||
Nonvested at September 30, 2013 | 14,995 | $ | 10.94 | ||||||||||||||
Granted | — | — | |||||||||||||||
Vested | 1,661 | 10.94 | |||||||||||||||
Forfeited | — | — | |||||||||||||||
Nonvested at June 30, 2014 | 13,334 | $ | 10.94 | ||||||||||||||
Fair_Value_Measurement
Fair Value Measurement | 9 Months Ended | ||||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||||||
Fair Value Measurement | ' | ||||||||||||||||||||
11 | Fair Value Measurement | ||||||||||||||||||||
The following disclosures show the hierarchal disclosure framework associated within the level of pricing observations utilized in measuring assets and liabilities at fair value. The definition of fair value maintains the exchange price notion in earlier definitions of fair value but focuses on the exit price of the asset or liability. The exit price is the price that would be received to sell the asset or paid to transfer the liability adjusted for certain inherent risks and restrictions. Expanded disclosures are also required about the use of fair value to measure assets and liabilities. | |||||||||||||||||||||
The following table presents information about the Company’s securities, other real estate owned and impaired loans measured at fair value as of June 30, 2014 and September 30, 2013 and indicates the fair value hierarchy of the valuation techniques utilized by the Bank to determine such fair value: | |||||||||||||||||||||
Fair Value Measurement at June 30, 2014 | |||||||||||||||||||||
Fair Value Measurements Utilized for the | Quoted Prices in Active | Significant Other | Significant | Balances as of | |||||||||||||||||
Company’s Financial Assets (in thousands): | Markets for Identical Assets | Observable Inputs | Unobservable Inputs | September 30, 2013 | |||||||||||||||||
(Level 1) | (Level 2) | (Level 3) | |||||||||||||||||||
Securities available-for-sale measured on a recurring basis | |||||||||||||||||||||
Mortgage backed securities | $ | — | $ | 257,581 | $ | — | $ | 257,581 | |||||||||||||
Obligations of states and political subdivisions | — | 43,163 | — | 43,163 | |||||||||||||||||
U.S. government agencies | — | 47,905 | — | 47,905 | |||||||||||||||||
Corporate obligations | — | 13,405 | — | 13,405 | |||||||||||||||||
Trust-preferred securities | — | 3,861 | 1,830 | 5,691 | |||||||||||||||||
Other debt securities | — | 5,254 | — | 5,254 | |||||||||||||||||
Equity securities-financial services | 2,025 | — | — | 2,025 | |||||||||||||||||
Total debt and equity securities | $ | 2,025 | $ | 371,169 | $ | 1,830 | $ | 375,024 | |||||||||||||
Foreclosed real estate owned measured on a non-recurring basis | $ | — | $ | — | $ | 2,967 | $ | 2,967 | |||||||||||||
Impaired loans measured on a non-recurring basis | $ | — | $ | — | $ | 36,650 | $ | 36,650 | |||||||||||||
Fair Value Measurement at September 30, 2013 | |||||||||||||||||||||
Fair Value Measurements Utilized for the | Quoted Prices in Active | Significant Other | Significant | Balances as of | |||||||||||||||||
Company’s Financial Assets (in thousands): | Markets for Identical Assets | Observable Inputs | Unobservable Inputs | September 30, 2013 | |||||||||||||||||
(Level 1) | (Level 2) | (Level 3) | |||||||||||||||||||
Securities available-for-sale measured on a recurring basis | |||||||||||||||||||||
Mortgage backed securities | $ | — | $ | 217,837 | $ | — | $ | 217,837 | |||||||||||||
Obligations of states and political subdivisions | — | 23,909 | — | 23,909 | |||||||||||||||||
U.S. government agencies | — | 52,520 | — | 52,520 | |||||||||||||||||
Corporate obligations | — | 12,773 | — | 12,773 | |||||||||||||||||
Trust-preferred securities | — | 3,614 | 1,800 | 5,414 | |||||||||||||||||
Other debt securities | — | 1,154 | — | 1,154 | |||||||||||||||||
Equity securities-financial services | 2,015 | — | — | 2,015 | |||||||||||||||||
Total debt and equity securities | $ | 2,015 | $ | 311,807 | $ | 1,800 | $ | 315,622 | |||||||||||||
Foreclosed real estate owned measured on a non-recurring basis | $ | — | $ | — | $ | 2,111 | $ | 2,111 | |||||||||||||
Impaired loans measured on a non-recurring basis | $ | — | $ | — | $ | 36,407 | $ | 36,407 | |||||||||||||
The following table presents a summary of changes in the fair value of the Company’s Level III investments for the periods ended June 30, 2014 and June 30, 2013. | |||||||||||||||||||||
Fair Value Measurement Using Significant Unobservable Inputs | |||||||||||||||||||||
(Level III) | |||||||||||||||||||||
Three months ended | |||||||||||||||||||||
June 30, 2014 | June 30, 2013 | ||||||||||||||||||||
Beginning balance | $ | 1,830 | $ | 1,760 | |||||||||||||||||
Purchases, sales, issuances, settlements, net | — | — | |||||||||||||||||||
Total unrealized gain: | |||||||||||||||||||||
Included in earnings | — | ||||||||||||||||||||
Included in other comprehensive income | — | 20 | |||||||||||||||||||
Transfers in and/or out of Level III | — | — | |||||||||||||||||||
$ | 1,830 | $ | 1,780 | ||||||||||||||||||
Fair Value Measurement Using Significant Unobservable Inputs | |||||||||||||||||||||
(Level III) | |||||||||||||||||||||
Nine months ended | |||||||||||||||||||||
June 30, 2014 | June 30, 2013 | ||||||||||||||||||||
Beginning balance | $ | 1,800 | $ | 1,740 | |||||||||||||||||
Purchases, sales, issuances, settlements, net | — | — | |||||||||||||||||||
Total unrealized gain: | |||||||||||||||||||||
Included in earnings | — | — | |||||||||||||||||||
Included in other comprehensive income | 30 | 40 | |||||||||||||||||||
Transfers in and/or out of Level III | — | — | |||||||||||||||||||
$ | 1,830 | $ | 1,780 | ||||||||||||||||||
Each financial asset and liability is identified as having been valued according to a specified level of input, 1, 2 or 3. Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities that the Bank has the ability to access at the measurement date. Fair values determined by Level 2 inputs utilize inputs other than quoted prices included in Level 1 that are observable for the asset, either directly or indirectly. Level 2 inputs include quoted prices for similar assets in active markets, and inputs other than quoted prices that are observable for the asset or liability. Level 3 inputs are unobservable inputs for the asset, and include situations where there is little, if any, market activity for the asset or liability. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, the level in the fair value hierarchy, within which the fair value measurement in its entirety falls, has been determined based on the lowest level input that is significant to the fair value measurement in its entirety. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the asset. | |||||||||||||||||||||
The measurement of fair value should be consistent with one of the following valuation techniques: market approach, income approach, and/or cost approach. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities (including a business). For example, valuation techniques consistent with the market approach often use market multiples derived from a set of comparables. Multiples might lie in ranges with a different multiple for each comparable. The selection of where within the range the appropriate multiple falls requires judgment, considering factors specific to the measurement (qualitative and quantitative). Valuation techniques consistent with the market approach include matrix pricing. Matrix pricing is a mathematical technique used principally to value debt securities without relying exclusively on quoted prices for the specific securities, but rather by relying on a security’s relationship to other benchmark quoted securities. Most of the securities classified as available for sale are reported at fair value utilizing Level 2 inputs. For these securities, the Company obtains fair value measurements from an independent pricing service. The fair value measurements consider observable data that may include dealer quoted market spreads, cash flows, the U.S. Treasury yield curve, live trading levels, trade execution data, market consensus prepayment speeds, credit information and the bond’s terms and conditions, among other things. Securities reported at fair value utilizing Level 1 inputs are limited to actively traded equity securities whose market price is readily available from the New York Stock Exchange or the NASDAQ exchange. Foreclosed real estate is measured at fair value, less cost to sell at the date of foreclosure, valuations are periodically performed by management and the assets are carried at the lower of carrying amount or fair value, less cost to sell. Income and expenses from operations and changes in valuation allowance are included in the net expenses from foreclosed real estate. Impaired loans are reported at fair value utilizing level three inputs. For these loans, a review of the collateral is conducted and an appropriate allowance for loan losses is allocated to the loan. At June 30, 2014, 249 impaired loans with a carrying value of $37.3 million were reduced by specific valuation allowance totaling $664,000 resulting in a net fair value of $36.7 million based on Level 3 inputs. At September 30, 2013, 233 impaired loans with a carrying value of $37.2 million were reduced by a specific valuation totaling $819,000 resulting in a net fair value of $36.4 million based on Level 3 inputs. | |||||||||||||||||||||
The following table presents additional quantitative information about assets measured at fair value on a nonrecurring basis and for which the Company has utilized Level 3 inputs to determine fair value: | |||||||||||||||||||||
Quantitative Information about Level 3 Fair Value Measurements | |||||||||||||||||||||
(unaudited, in thousands) | Fair Value | Valuation | Unobservable | Range | |||||||||||||||||
Estimate | Techniques | Input | |||||||||||||||||||
June 30, 2014: | |||||||||||||||||||||
Impaired loans | 36,650 | Appraisal of | Appraisal | 0% to 30% | |||||||||||||||||
collateral (1) | adjustments (2) | -23.00% | |||||||||||||||||||
Foreclosed real estate owned | 2,967 | Appraisal of | Appraisal | 20% to 40% | |||||||||||||||||
collateral (1), (3) | adjustments (2) | -21.40% | |||||||||||||||||||
Quantitative Information about Level 3 Fair Value Measurements | |||||||||||||||||||||
(unaudited, in thousands) | Fair Value | Valuation | Unobservable | Range | |||||||||||||||||
Estimate | Techniques | Input | |||||||||||||||||||
September 30, 2013: | |||||||||||||||||||||
Impaired loans | 36,407 | Appraisal of | Appraisal | 0% to 30% | |||||||||||||||||
collateral (1) | adjustments (2) | -23.50% | |||||||||||||||||||
Foreclosed real estate owned | 2,111 | Appraisal of | Appraisal | 0% to 30% | |||||||||||||||||
collateral (1), (3) | adjustments (2) | -20.40% | |||||||||||||||||||
-1 | Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various level 3 inputs which are not identifiable. | ||||||||||||||||||||
-2 | Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal. | ||||||||||||||||||||
-3 | Includes qualitative adjustments by management and estimated liquidation expenses. | ||||||||||||||||||||
The fair values presented represent the Company’s best estimate of fair value using the methodologies discussed below. | |||||||||||||||||||||
Disclosures about Fair Value of Financial Instruments | |||||||||||||||||||||
The fair values presented represent the Company’s best estimate of fair value using the methodologies discussed below. | |||||||||||||||||||||
June 30, 2014 | |||||||||||||||||||||
Carrying Value | Level I | Level II | Level III | Total Fair | |||||||||||||||||
Value | |||||||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash and cash equivalents | $ | 23,480 | $ | 23,480 | $ | — | $ | — | $ | 23,480 | |||||||||||
Certificates of deposit | 1,767 | — | 1,767 | — | 1,767 | ||||||||||||||||
Investment and mortgage backed securities available for sale | 375,024 | 2,025 | 371,169 | 1,830 | 375,024 | ||||||||||||||||
Loans receivable, net | 1,050,125 | — | — | 1,078,683 | 1,078,683 | ||||||||||||||||
Accrued interest receivable | 5,042 | 5,042 | — | — | 5,042 | ||||||||||||||||
FHLB stock | 12,757 | 12,757 | — | — | 12,757 | ||||||||||||||||
Mortgage servicing rights | 799 | — | — | 799 | 799 | ||||||||||||||||
Bank owned life insurance | 29,484 | 29,484 | — | — | 29,484 | ||||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Deposits | $ | 1,143,095 | $ | 494,994 | $ | — | $ | 651,908 | 1,146,902 | ||||||||||||
Short-term borrowings | 78,749 | 78,749 | — | — | 78,749 | ||||||||||||||||
Other borrowings | 145,260 | — | — | 146,398 | 146,398 | ||||||||||||||||
Advances by borrowers for taxes and insurance | 11,924 | 11,924 | — | — | 11,924 | ||||||||||||||||
Accrued interest payable | 1,035 | 1,035 | — | — | 1,035 | ||||||||||||||||
September 30, 2013 | |||||||||||||||||||||
Carrying Value | Level I | Level II | Level III | Total Fair | |||||||||||||||||
Value | |||||||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash and cash equivalents | $ | 26,648 | $ | 26,648 | $ | — | $ | — | $ | 26,648 | |||||||||||
Certificates of deposit | 1,767 | — | 1,767 | — | 1,767 | ||||||||||||||||
Investment and mortgage backed securities available for sale | 315,622 | 2,015 | 311,807 | 1,800 | 315,622 | ||||||||||||||||
Loans receivable, net | 928,230 | — | — | 951,120 | 951,120 | ||||||||||||||||
Accrued interest receivable | 4,413 | 4,413 | — | — | 4,413 | ||||||||||||||||
FHLB stock | 9,415 | 9,415 | — | — | 9,415 | ||||||||||||||||
Mortgage servicing rights | 382 | — | — | 382 | 382 | ||||||||||||||||
Bank owned life insurance | 28,797 | 28,797 | — | — | 28,797 | ||||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Deposits | $ | 1,041,059 | $ | 406,890 | $ | — | $ | 638,510 | 1,045,400 | ||||||||||||
Short-term borrowings | 23,000 | 23,000 | — | — | 23,000 | ||||||||||||||||
Other borrowings | 129,260 | — | — | 124,504 | 124,504 | ||||||||||||||||
Advances by borrowers for taxes and insurance | 4,962 | 4,962 | — | — | 4,962 | ||||||||||||||||
Accrued interest payable | 833 | 833 | — | — | 833 | ||||||||||||||||
Financial instruments are defined as cash, evidence of an ownership interest in an entity, or a contract which creates an obligation or right to receive or deliver cash or another financial instrument from/to a second entity on potentially favorable or unfavorable terms. | |||||||||||||||||||||
Fair value is defined as the amount at which a financial instrument could be exchanged in a current transaction between willing parties other than in a forced or liquidation sale. If a quoted market price is available for a financial instrument, the fair value would be calculated based upon the market price per trading unit of the instrument. | |||||||||||||||||||||
If no readily available market exists, the fair value for financial instruments should be based upon management’s judgment regarding current economic conditions, interest rate risk, expected cash flows, future estimated losses, and other factors as determined through various option pricing formulas or simulation modeling. | |||||||||||||||||||||
As many of these assumptions result from judgments made by management based upon estimates which are inherently uncertain, the resulting values may not be indicative of the amount realizable in the sale of a particular financial instrument. In addition, changes in the assumptions on which the values are based may have a significant impact on the resulting estimated values. | |||||||||||||||||||||
As certain assets and liabilities, such as deferred tax assets, premises and equipment, and many other operational elements of the Bank, are not considered financial instruments but have value, this fair value of financial instruments would not represent the full market value of the Company. | |||||||||||||||||||||
The Company employed simulation modeling in determining the fair value of financial instruments for which quoted market prices were not available based upon the following assumptions: | |||||||||||||||||||||
Cash and Cash Equivalents, Accrued Interest Receivable, Short-Term Borrowings, Advances by Borrowers for Taxes and Insurance, and Accrued Interest Payable | |||||||||||||||||||||
The fair value approximates the current book value. | |||||||||||||||||||||
Bank-Owned Life Insurance | |||||||||||||||||||||
The fair value is equal to the cash surrender value of the Bank-owned life insurance. | |||||||||||||||||||||
Investment and Mortgage-Backed Securities Available for Sale and FHLB Stock | |||||||||||||||||||||
The fair value of investment and mortgage-backed securities available for sale is equal to the available quoted market price. If no quoted market price is available, fair value is estimated using the quoted market price for similar securities. Since the FHLB stock is not actively traded on a secondary market and held exclusively by member financial institutions, the fair market value approximates the carrying amount. | |||||||||||||||||||||
Loans Receivable | |||||||||||||||||||||
The fair values of loans are estimated using discounted cash flow analyses, using market rates at the balance sheet date that reflect the credit and interest rate-risk inherent in the loans. Projected future cash flows are calculated based upon contractual maturity or call dates, projected repayments and prepayments of principal. Generally, for variable rate loans that reprice frequently and with no significant change in credit risk, fair values are based on carrying values. | |||||||||||||||||||||
Mortgage Servicing Rights | |||||||||||||||||||||
The Company utilizes a third party provider to estimate the fair value of certain loan servicing rights. Fair value for the purpose of this measurement is defined as the amount at which the asset could be exchanged in a current transaction between willing parties, other than in a forced liquidation. | |||||||||||||||||||||
Deposit Liabilities | |||||||||||||||||||||
The fair values disclosed for demand, savings, and money market deposit accounts are valued at the amount payable on demand as of quarter-end. Fair values for time deposits are estimated using a discounted cash flow calculation that applies contractual costs currently being offered in the existing portfolio to current market rates being offered for deposits of similar remaining maturities. | |||||||||||||||||||||
Other Borrowings | |||||||||||||||||||||
Fair values for other borrowings are estimated using a discounted cash flow calculation that applies contractual costs currently being offered in the existing portfolio to current market rates being offered for other borrowings of similar remaining maturities. | |||||||||||||||||||||
Commitments to Extend Credit | |||||||||||||||||||||
These financial instruments are generally not subject to sale, and fair values are not readily available. The carrying value, represented by the net deferred fee arising from the unrecognized commitment, and the fair value, determined by discounting the remaining contractual fee over the term of the commitment using fees currently charged to enter into similar agreements with similar credit risk, are not considered material for disclosure. |
Accumulated_Other_Comprehensiv
Accumulated Other Comprehensive Income | 9 Months Ended | ||||||||||||
Jun. 30, 2014 | |||||||||||||
Equity [Abstract] | ' | ||||||||||||
Accumulated Other Comprehensive Income | ' | ||||||||||||
12 | Accumulated Other Comprehensive Income | ||||||||||||
The activity in accumulated other comprehensive income for the three and nine months ended June 30, 2014 and 2013 is as follows: | |||||||||||||
Accumulated Other | |||||||||||||
Comprehensive Income/(Loss) | |||||||||||||
Defined Benefit | Unrealized Gains | Total | |||||||||||
Pension Plan | (Losses) on Securities | ||||||||||||
Available for Sale | |||||||||||||
Balance at March 31, 2014 | $ | (1,297 | ) | $ | (549 | ) | $ | (1,846 | ) | ||||
Other comprehensive income before reclassifications | — | 2,165 | 2,165 | ||||||||||
Amounts reclassified from accumulated other comprehensive income | 5 | 7 | 12 | ||||||||||
Period change | 5 | 2,172 | 2,177 | ||||||||||
Balance at June 30, 2014 | $ | (1,292 | ) | $ | 1,623 | $ | 331 | ||||||
Balance at March 31, 2013 | $ | (4,318 | ) | $ | 4,481 | $ | 163 | ||||||
Other comprehensive loss before reclassifications | — | (4,194 | ) | (4,194 | ) | ||||||||
Amounts reclassified from accumulated other comprehensive income | 65 | (7 | ) | 58 | |||||||||
Period change | 65 | (4,201 | ) | (4,136 | ) | ||||||||
Balance at June 30, 2013 | $ | (4,253 | ) | $ | 280 | $ | (3,973 | ) | |||||
Accumulated Other | |||||||||||||
Comprehensive Income/(Loss) | |||||||||||||
Defined Benefit | Unrealized Gains | Total | |||||||||||
Pension Plan | (Losses) on Securities | ||||||||||||
Available for Sale | |||||||||||||
Balance at September 30, 2013 | $ | (1,306 | ) | $ | 71 | $ | (1,235 | ) | |||||
Other comprehensive income before reclassifications | — | 1,701 | 1,701 | ||||||||||
Amounts reclassified from accumulated other comprehensive income | 14 | (149 | ) | (135 | ) | ||||||||
Period change | 14 | 1,552 | 1,566 | ||||||||||
Balance at June 30, 2014 | $ | (1,292 | ) | $ | 1,623 | $ | 331 | ||||||
Balance at September 30, 2012 | $ | (4,450 | ) | $ | 6,208 | $ | 1,758 | ||||||
Other comprehensive loss before reclassifications | — | (5,431 | ) | (5,431 | ) | ||||||||
Amounts reclassified from accumulated other comprehensive income | 194 | (494 | ) | (300 | ) | ||||||||
Period change | 194 | (5,925 | ) | (5,731 | ) | ||||||||
Balance at June 30, 2013 | $ | (4,256 | ) | $ | 283 | $ | (3,973 | ) | |||||
Amount Reclassified from | |||||||||||||
Accumulated Other Comprehensive Income | |||||||||||||
Accumulated Other | Affected Line Item in the Consolidated | ||||||||||||
Comprehensive Income for | Statement of Income | ||||||||||||
the Three Months Ended | |||||||||||||
June 30, | |||||||||||||
2014 | 2013 | ||||||||||||
Securities available for sale: | |||||||||||||
Net securities gains reclassified into earnings | $ | 10 | $ | (11 | ) | Gain on sale of investments, net | |||||||
Related income tax expense | (3 | ) | 4 | Provision for income taxes | |||||||||
Net effect on accumulated other comprehensive income for the period | 7 | (7 | ) | Net of tax | |||||||||
Defined benefit pension plan: | |||||||||||||
Amortization of net loss and prior service costs | 7 | 98 | Compensation and employee benefits | ||||||||||
Related income tax expense | $ | (2 | ) | $ | (33 | ) | Provision for income taxes | ||||||
Net effect on accumulated other | 5 | 65 | Net of tax | ||||||||||
Total reclassification for the period | $ | 12 | $ | 58 | Net of tax | ||||||||
Amount Reclassified from | |||||||||||||
Accumulated Other Comprehensive Income | |||||||||||||
Accumulated Other | Affected Line Item in the Consolidated | ||||||||||||
Comprehensive Income for | Statement of Income | ||||||||||||
the Nine months Ended | |||||||||||||
June 30, | |||||||||||||
2014 | 2013 | ||||||||||||
Securities available for sale: | |||||||||||||
Net securities gains reclassified into earnings | $ | (226 | ) | $ | (749 | ) | Gain on sale of investments, net | ||||||
Related income tax expense | 77 | 255 | Provision for income taxes | ||||||||||
Net effect on accumulated other comprehensive income for the period | (149 | ) | (494 | ) | Net of tax | ||||||||
Defined benefit pension plan: | |||||||||||||
Amortization of net loss and prior service costs | 21 | 294 | Compensation and employee benefits | ||||||||||
Related income tax expense | $ | (7 | ) | $ | (100 | ) | Provision for income taxes | ||||||
Net effect on accumulated other | 14 | 194 | Net of tax | ||||||||||
Total reclassification for the period | $ | (135 | ) | $ | (300 | ) | Net of tax |
Acquisitions
Acquisitions | 9 Months Ended | ||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||
Business Combinations [Abstract] | ' | ||||||||||||||||
Acquisitions | ' | ||||||||||||||||
13 | Acquisitions | ||||||||||||||||
Acquisition of FNCB Branch | |||||||||||||||||
On January 24, 2014, the Company closed on a purchase transaction pursuant to which ESSA Bancorp, Inc. acquired a branch facility, customer deposits, and loans of First National Community Bank (FNCB), the subsidiary of First National Community Bancorp, Inc., in a cash transaction. The acquired branch is located in the Monroe County, Pennsylvania market. Under the terms of the agreement, the Company acquired all of the branch facilities, customer deposits and loans of FNCB and received net cash of $4.6 million. | |||||||||||||||||
The acquired assets and assumed liabilities were measured at fair values. Management made significant estimates and exercised significant judgment in accounting for the acquisition. Management measured loan fair values based on loan file reviews (including borrower financial statements or tax returns), appraised collateral values, expected cash flows and historical loss factors of FNCB. Real estate acquired through foreclosure was primarily value based on appraised collateral values. | |||||||||||||||||
The business combination resulted in the acquisition of loans without evidence of credit quality deterioration. FNCB’s loans were fair valued by discounting both expected principal and interest cash flows using an observable discount rate for similar instruments that a market participant would consider in determining fair value. Additionally, consideration was given to management’s best estimates of default rates and payment speeds. At acquisition, FNCB’s loan portfolio without evidence of deterioration totaled $1.0 million and was recorded at a fair value of $1.0 million. | |||||||||||||||||
The following condensed statement reflects the values assigned to FNCB’s net assets as of the acquisitions date: | |||||||||||||||||
Total purchase price | $ | 4,460 | |||||||||||||||
Net assets acquired: | |||||||||||||||||
Cash | $ | 11 | |||||||||||||||
Loans receivable and accrued interest receivable | 1,033 | ||||||||||||||||
Premises and equipment, net | 1,626 | ||||||||||||||||
Certificates of deposits | (3,069 | ) | |||||||||||||||
Deposits other than certificates of deposits | (5,683 | ) | |||||||||||||||
6,082 | |||||||||||||||||
Goodwill resulting from FNCB purchase | $ | 1,442 | |||||||||||||||
Supplemental pro forma financial information related to the FNCB acquisition has not been provided as it would be impracticable to do so. Historical financial information regarding the acquired branch is not accessible and thus the amounts would require estimates so significant as to render the disclosure irrelevant. | |||||||||||||||||
Acquisition of Franklin Security Bancorp, Inc. | |||||||||||||||||
On April 4, 2014, the Company closed on a merger transaction pursuant to which ESSA Bancorp, Inc. acquired Franklin Security Bancorp, Inc., the parent company of Franklin Security Bank, in a cash transaction. The acquisition added two branch locations in the Scranton-Wilkes Barre, Pennsylvania market, establishing ESSA’s presence in that market. | |||||||||||||||||
Under the terms of the merger agreement, the Company acquired all of the outstanding shares of Franklin Security Bancorp, Inc. for a total cash purchase price of approximately $15.7 million. Franklin Security Bank has been merged into ESSA Bank & Trust, with ESSA Bank & Trust as the surviving entity. | |||||||||||||||||
The acquired assets and assumed liabilities were measured at estimated fair values. Management made significant estimates and exercised significant judgment in accounting for the acquisition. Management measured loan fair values based on loan file reviews (including borrower financial statements or tax returns), appraised collateral values, expected cash flows and historical loss factors of Franklin Security Bank. Real estate acquired through foreclosure was primarily valued based on appraised collateral values. The Company also recorded an identifiable intangible asset representing the core deposit base of Franklin Security Bank based on management’s evaluation of the cost of such deposits relative to alternative funding sources. Management used market quotations to measure the fair value of investment securities and FHLB advances. The business combination resulted in the acquisition of loans without evidence of credit quality deterioration. At the acquisition date, the Company determined that there were no purchased impaired loans. The method of measuring carrying value of purchased loans differs from loans originated by the Company (originated loans), and as such, the Company identifies purchased loans and purchased loans with a credit quality discount and originated loans at amortized cost. | |||||||||||||||||
Franklin Security Bank’s loans without evidence of credit deterioration were measured to fair valued by discounting both expected principal and interest cash flows using an observable discount rate for similar instruments that a market participant would consider in determining fair value. Additionally, consideration was given to management’s best estimates of default rates and payment speeds. At acquisition, Franklin Security Bank’s loan portfolio without evidence of deterioration totaled $155.3 million and was recorded at a fair value of $152.2 million. | |||||||||||||||||
The following condensed statement reflects the values assigned to Franklin Security Bancorp, Inc.’s net assets as of the acquisitions date: | |||||||||||||||||
Total purchase price | $ | 15,698 | |||||||||||||||
Net assets acquired: | |||||||||||||||||
Cash | $ | (19,825 | ) | ||||||||||||||
Investments available for sale | 55,901 | ||||||||||||||||
Loans receivable | 152,188 | ||||||||||||||||
Regulatory stock | 1,569 | ||||||||||||||||
Premises and equipment, net | 176 | ||||||||||||||||
Foreclosed real estate | 436 | ||||||||||||||||
Intangible assets | 889 | ||||||||||||||||
Deferred tax assets | 1,031 | ||||||||||||||||
Other assets | 2,504 | ||||||||||||||||
Certificates of deposits | (90,869 | ) | |||||||||||||||
Deposits other than certificates of deposits | (71,317 | ) | |||||||||||||||
Borrowings | (30,177 | ) | |||||||||||||||
Other liabilities | (2,265 | ) | |||||||||||||||
Gain resulting from Franklin Security Bancorp, Inc. acquisition | $ | 241 | |||||||||||||||
Results of operations for Franklin prior to the acquisition date are not included in the Consolidated Statement of Income for the three and nine-month periods ended June 30, 2014. The following table presents financial information regarding the former Franklin operations included in the Consolidated Statement of Income from the date of acquisition through June 30, 2014 under column “Actual from acquisition date through June 30, 2014.” In addition, the following table presents unaudited pro forma information as if the acquisition of Franklin had occurred on October 1, 2012 under the “Pro Forma” columns. The table below has been prepared for comparative purposes only and is not necessarily indicative of the actual results that would have been attained had the acquisition occurred as of the beginning of the periods presented, nor is it indicative of future results. Furthermore, the unaudited pro forma information does not reflect management’s estimate of any revenue-enhancing opportunities nor anticipated cost savings as a result of the integration and consolidation of the acquisition. Merger and acquisition integration costs and amortization of fair value adjustments net of the related income tax effects are included in the amounts below, but any purchase gain has been excluded. | |||||||||||||||||
Actual From Acquisition Date | |||||||||||||||||
Through June 30, 2014 | |||||||||||||||||
(in thousands) | |||||||||||||||||
Net interest income | $ | 1,902 | |||||||||||||||
Non interest income | 107 | ||||||||||||||||
Net income | $ | 641 | |||||||||||||||
Pro Formas | |||||||||||||||||
Three months ended | Nine months ended | ||||||||||||||||
June 30, | June 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
(in thousands, except per share data) | |||||||||||||||||
Net interest income | $ | 11,097 | $ | 11,267 | $ | 32,534 | $ | 34,791 | |||||||||
Non interest income | 2,100 | 1,915 | 5,605 | 6,850 | |||||||||||||
Net income | 2,385 | 2,036 | 4,471 | 7,184 | |||||||||||||
Pro forma earnings per share: | |||||||||||||||||
Basic | $ | 0.22 | $ | 0.18 | $ | 0.41 | $ | 0.61 | |||||||||
Diluted | $ | 0.22 | $ | 0.18 | $ | 0.41 | $ | 0.61 |
Recent_Accounting_Pronouncemen1
Recent Accounting Pronouncements (Policies) | 9 Months Ended |
Jun. 30, 2014 | |
Accounting Changes And Error Corrections [Abstract] | ' |
Financial Services Investment Companies | ' |
In June 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2013-08, Financial Services – Investment Companies (Topic 946): Amendments to the Scope, Measurement, and Disclosure Requirements. The amendments in this Update affect the scope, measurement, and disclosure requirements for investment companies under U.S. GAAP. The amendments do all of the following: (1) change the approach to the investment company assessment in Topic 946, clarify the characteristics of an investment company, and provide comprehensive guidance for assessing whether an entity is an investment company; (2) require an investment company to measure noncontrolling ownership interests in other investment companies at fair value rather than using the equity method of accounting; and (3) require the following additional disclosures: (a) the fact that the entity is an investment company and is applying the guidance in Topic 946, (b) information about changes, if any, in an entity’s status as an investment company, and (c) information about financial support provided or contractually required to be provided by an investment company to any of its investees. The amendments in this Update are effective for an entity’s interim and annual reporting periods in fiscal years that begin after December 15, 2013. Earlier application is prohibited. This Update is not expected to have a significant impact on the Company’s financial statements. | |
Income Taxes | ' |
In July 2013, the FASB issued ASU 2013-11, Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. This Update applies to all entities that have unrecognized tax benefits when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists at the reporting date. An unrecognized tax benefit, or a portion of an unrecognized tax benefit, should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward, except as follows. To the extent a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position or the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. The assessment of whether a deferred tax asset is available is based on the unrecognized tax benefit and deferred tax asset that exist at the reporting date and should be made presuming disallowance of the tax position at the reporting date. The amendments in this Update are effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. The amendments should be applied prospectively to all unrecognized tax benefits that exist at the effective date. Retrospective application is permitted. This Update is not expected to have a significant impact on the Company’s financial statements. | |
Investments | ' |
In January 2014, the FASB issued ASU 2014-01, Investments – Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Qualified Affordable Housing Projects. The amendments in this Update permit reporting entities to make an accounting policy election to account for their investments in qualified affordable housing projects using the proportional amortization method if certain conditions are met. Under the proportional amortization method, an entity amortizes the initial cost of the investment in proportion to the tax credits and other tax benefits received and recognizes the net investment performance in the income statement as a component of income tax expense (benefit). The amendments in this Update should be applied retrospectively to all periods presented. A reporting entity that uses the effective yield method to account for its investments in qualified affordable housing projects before the date of adoption may continue to apply the effective yield method for those preexisting investments. The amendments in this Update are effective for public business entities for annual periods and interim reporting periods within those annual periods, beginning after December 15, 2014. Early adoption is permitted. This Update is not expected to have a significant impact on the Company’s financial statements. | |
Receivables Troubled Debt Restructurings | ' |
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. The amendments in this Update clarify that an in substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either (1) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. Additionally, the amendments require interim and annual disclosure of both (1) the amount of foreclosed residential real estate property held by the creditor and (2) the recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure according to local requirements of the applicable jurisdiction. The amendments in this Update are effective for public business entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. An entity can elect to adopt the amendments in this Update using either a modified retrospective transition method or a prospective transition method. This Update is not expected to have a significant impact on the Company’s financial statements. | |
Revenue from Contracts with Customers | ' |
In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (a new revenue recognition standard). The Update’s core principle is that a company will recognize revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In addition, this update specifies the accounting for certain costs to obtain or fulfill a contract with a customer and expands disclosure requirements for revenue recognition. This Update is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. This update is not expected to have a significant impact on the Company’s financial statements. | |
Transfers and Servicing | ' |
In June 2014, the FASB issued ASU 2014-11, Transfers and Servicing (Topic 860): Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures. The amendments in this Update change the accounting for repurchase-to-maturity transactions to secured borrowing accounting. For repurchase financing arrangements, the amendments require separate accounting for a transfer of a financial asset executed contemporaneously with a repurchase agreement with the same counterparty, which will result in secured borrowing accounting for the repurchase agreement. The amendments also require enhanced disclosures. The accounting changes in this Update are effective for the first interim or annual period beginning after December 15, 2014. An entity is required to present changes in accounting for transactions outstanding on the effective date as a cumulative-effect adjustment to retained earnings as of the beginning of the period of adoption. Earlier application is prohibited. The disclosure for certain transactions accounted for as a sale is required to be presented for interim and annual periods beginning after December 15, 2014, and the disclosure for repurchase agreements, securities lending transactions, and repurchase-to-maturity transactions accounted for as secured borrowings is required to be presented for annual periods beginning after December 15, 2014, and for interim periods beginning after March 15, 2015. The disclosures are not required to be presented for comparative periods before the effective date. This Update is not expected to have a significant impact on the Company’s financial statements. | |
Compensation Stock Compensation | ' |
In June 2014, the FASB issued ASU 2014-12, Compensation-Stock Compensation (Topic 718): Accounting for Share-Based Payments when the Terms of an Award Provide that a Performance Target Could Be Achieved After the Requisite Service Period. The amendments require that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. The amendments in this Update are effective for annual periods and interim periods within those annual periods beginning after December 15, 2015. Earlier adoption is permitted. Entities may apply the amendments in this Update either (a) prospectively to all awards granted or modified after the effective date or (b) retrospectively to all awards with performance targets that are outstanding as of the beginning of the earliest annual period presented in the financial statements and to all new or modified awards thereafter. If retrospective transition is adopted, the cumulative effect of applying this Update as of the beginning of the earliest annual period presented in the financial statements should be recognized as an adjustment to the opening retained earnings balance at that date. Additionally, if retrospective transition is adopted, an entity may use hindsight in measuring and recognizing the compensation cost. This Update is not expected to have a significant impact on the Company’s financial statements. |
Earnings_per_Share_Tables
Earnings per Share (Tables) | 9 Months Ended | ||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||
Earnings Per Share [Abstract] | ' | ||||||||||||||||
Composition of the Weighted-Average Common Shares (Denominator) Used in the Basic and Diluted Earnings per Share Computation | ' | ||||||||||||||||
The following table sets forth the composition of the weighted-average common shares (denominator) used in the basic and diluted earnings per share computation for the three and nine month periods ended June 30, 2014 and 2013. | |||||||||||||||||
Three months ended | Nine months ended | ||||||||||||||||
June 30, | June 30, | June 30, | June 30, | ||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Weighted-average common shares outstanding | 18,133,095 | 18,162,764 | 18,133,095 | 18,142,984 | |||||||||||||
Average treasury stock shares | (6,272,961 | ) | (5,645,336 | ) | (6,233,349 | ) | (5,269,686 | ) | |||||||||
Average unearned ESOP shares | (1,012,790 | ) | (1,058,066 | ) | (1,024,151 | ) | (1,069,427 | ) | |||||||||
Average unearned non-vested shares | (9,752 | ) | (49,571 | ) | (11,233 | ) | (38,970 | ) | |||||||||
Weighted average common shares and common stock equivalents used to calculate basic earnings per share | 10,837,592 | 11,409,791 | 10,864,362 | 11,764,901 | |||||||||||||
Additional common stock equivalents (non-vested stock) used to calculate diluted earnings per share | — | — | — | — | |||||||||||||
Additional common stock equivalents (stock options) used to calculate diluted earnings per share | — | — | — | — | |||||||||||||
Weighted average common shares and common stock equivalents used to calculate diluted earnings per share | 10,837,592 | 11,409,791 | 10,864,362 | 11,764,901 | |||||||||||||
Investment_Securities_Tables
Investment Securities (Tables) | 9 Months Ended | ||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||
Investments Debt And Equity Securities [Abstract] | ' | ||||||||||||||||
Summary of Amortized Cost and Fair Value of Investment Securities Available for Sale | ' | ||||||||||||||||
The amortized cost and fair value of investment securities available for sale are summarized as follows (in thousands): | |||||||||||||||||
June 30, 2014 | |||||||||||||||||
Amortized | Gross | Gross | Fair Value | ||||||||||||||
Cost | Unrealized | Unrealized | |||||||||||||||
Gains | Losses | ||||||||||||||||
Available for Sale | |||||||||||||||||
Fannie Mae | $ | 141,678 | $ | 1,991 | $ | (1,230 | ) | $ | 142,439 | ||||||||
Freddie Mac | 80,805 | 813 | (1,017 | ) | 80,601 | ||||||||||||
Governmental National Mortgage Association | 31,709 | 170 | (170 | ) | 31,709 | ||||||||||||
Other mortgage-backed securities | 2,839 | — | (7 | ) | 2,832 | ||||||||||||
Total mortgage-backed securities | 257,031 | 2,974 | (2,424 | ) | 257,581 | ||||||||||||
Obligations of states and political subdivisions | 42,067 | 1,390 | (294 | ) | 43,163 | ||||||||||||
U.S. government agency securities | 48,037 | 240 | (372 | ) | 47,905 | ||||||||||||
Corporate obligations | 13,169 | 262 | (26 | ) | 13,405 | ||||||||||||
Trust-preferred securities | 5,003 | 688 | — | 5,691 | |||||||||||||
Other debt securities | 5,233 | 40 | (19 | ) | 5,254 | ||||||||||||
Total debt securities | 370,540 | 5,594 | (3,135 | ) | 372,999 | ||||||||||||
Equity securities - financial services | 2,025 | — | — | 2,025 | |||||||||||||
Total | $ | 372,565 | $ | 5,594 | $ | (3,135 | ) | $ | 375,024 | ||||||||
September 30, 2013 | |||||||||||||||||
Amortized | Gross | Gross | Fair Value | ||||||||||||||
Cost | Unrealized | Unrealized | |||||||||||||||
Gains | Losses | ||||||||||||||||
Available for Sale | |||||||||||||||||
Fannie Mae | $ | 114,927 | $ | 1,691 | $ | (1,595 | ) | $ | 115,023 | ||||||||
Freddie Mac | 60,111 | 838 | (1,252 | ) | 59,697 | ||||||||||||
Governmental National Mortgage Association | 39,692 | 289 | (230 | ) | 39,751 | ||||||||||||
Other mortgage-backed securities | 3,385 | — | (19 | ) | 3,366 | ||||||||||||
Total mortgage-backed securities | 218,115 | 2,818 | (3,096 | ) | 217,837 | ||||||||||||
Obligations of states and political subdivisions | 23,754 | 654 | (499 | ) | 23,909 | ||||||||||||
U.S. government agency securities | 52,775 | 225 | (480 | ) | 52,520 | ||||||||||||
Corporate obligations | 12,756 | 186 | (169 | ) | 12,773 | ||||||||||||
Trust-preferred securities | 4,943 | 471 | — | 5,414 | |||||||||||||
Other debt securities | 1,147 | 7 | — | 1,154 | |||||||||||||
Total debt securities | 313,490 | 4,361 | (4,244 | ) | 313,607 | ||||||||||||
Equity securities - financial services | 2,025 | — | (10 | ) | 2,015 | ||||||||||||
Total | $ | 315,515 | $ | 4,361 | $ | (4,254 | ) | $ | 315,622 | ||||||||
Schedule of Amortized Cost and Fair Value of Debt Securities by Contractual Maturity | ' | ||||||||||||||||
The amortized cost and fair value of debt securities at June 30, 2014, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties (in thousands): | |||||||||||||||||
Available For Sale | |||||||||||||||||
Amortized | Fair Value | ||||||||||||||||
Cost | |||||||||||||||||
Due in one year or less | $ | 2,130 | $ | 2,144 | |||||||||||||
Due after one year through five years | 47,511 | 47,901 | |||||||||||||||
Due after five years through ten years | 63,011 | 63,750 | |||||||||||||||
Due after ten years | 257,888 | 259,204 | |||||||||||||||
Total | $ | 370,540 | $ | 372,999 | |||||||||||||
Unrealized_Losses_on_Securitie1
Unrealized Losses on Securities (Tables) | 9 Months Ended | ||||||||||||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||||||||||||
Text Block [Abstract] | ' | ||||||||||||||||||||||||||||
Schedule of Gross Unrealized Losses and Fair Value | ' | ||||||||||||||||||||||||||||
The following table shows the Company’s gross unrealized losses and fair value, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position (in thousands): | |||||||||||||||||||||||||||||
June 30, 2014 | |||||||||||||||||||||||||||||
Number of | Less than Twelve | Twelve Months or | Total | ||||||||||||||||||||||||||
Securities | Months | Greater | |||||||||||||||||||||||||||
Fair | Gross | Fair | Gross | Fair | Gross | ||||||||||||||||||||||||
Value | Unrealized | Value | Unrealized | Value | Unrealized | ||||||||||||||||||||||||
Losses | Losses | Losses | |||||||||||||||||||||||||||
Fannie Mae | 24 | $ | 6,381 | $ | (28 | ) | $ | 33,971 | $ | (1,202 | ) | $ | 40,352 | $ | (1,230 | ) | |||||||||||||
Freddie Mac | 23 | 9,551 | (49 | ) | 30,409 | (968 | ) | 39,960 | (1,017 | ) | |||||||||||||||||||
Governmental National Mortgage Association | 6 | 3,453 | (11 | ) | 6,245 | (159 | ) | 9,698 | (170 | ) | |||||||||||||||||||
Other mortgage-backed securities | 3 | 547 | (1 | ) | 2,286 | (6 | ) | 2,833 | (7 | ) | |||||||||||||||||||
Obligations of states and political subdivisions | 5 | — | — | 7,186 | (294 | ) | 7,186 | (294 | ) | ||||||||||||||||||||
U.S. government agency securities | 10 | 4,004 | (6 | ) | 23,470 | (366 | ) | 27,474 | (372 | ) | |||||||||||||||||||
Corporate obligations | 5 | 1,990 | (10 | ) | 2,319 | (16 | ) | 4,309 | (26 | ) | |||||||||||||||||||
Other debt securities | 2 | 2,102 | (19 | ) | — | — | 2,102 | (19 | ) | ||||||||||||||||||||
Total | 78 | $ | 28,028 | $ | (124 | ) | $ | 105,886 | $ | (3,011 | ) | $ | 133,914 | $ | (3,135 | ) | |||||||||||||
September 30, 2013 | |||||||||||||||||||||||||||||
Number of | Less than Twelve | Twelve Months or | Total | ||||||||||||||||||||||||||
Securities | Months | Greater | |||||||||||||||||||||||||||
Fair | Gross | Fair | Gross | Fair | Gross | ||||||||||||||||||||||||
Value | Unrealized | Value | Unrealized | Value | Unrealized | ||||||||||||||||||||||||
Losses | Losses | Losses | |||||||||||||||||||||||||||
Fannie Mae | 30 | $ | 47,814 | $ | (1,589 | ) | $ | 1,057 | $ | (6 | ) | $ | 48,871 | $ | (1,595 | ) | |||||||||||||
Freddie Mac | 20 | 32,781 | (1,252 | ) | — | 32,781 | (1,252 | ) | |||||||||||||||||||||
Governmental National Mortgage Association | 6 | 10,301 | (230 | ) | — | — | 10,301 | (230 | ) | ||||||||||||||||||||
Other mortgage-backed securities | 3 | 3,366 | (19 | ) | — | — | 3,366 | (19 | ) | ||||||||||||||||||||
Obligations of states and political subdivisions | 7 | 8,064 | (499 | ) | — | — | 8,064 | (499 | ) | ||||||||||||||||||||
U.S. government agency securities | 10 | 30,084 | (479 | ) | 999 | (1 | ) | 31,083 | (480 | ) | |||||||||||||||||||
Corporate obligations | 5 | 5,042 | (169 | ) | — | — | 5,042 | (169 | ) | ||||||||||||||||||||
Equity securities-financial services | 1 | 1,990 | (10 | ) | — | — | 1,990 | (10 | ) | ||||||||||||||||||||
Total | 82 | $ | 139,442 | $ | (4,247 | ) | $ | 2,056 | $ | (7 | ) | $ | 141,498 | $ | (4,254 | ) | |||||||||||||
Loans_Receivable_Net_and_Allow1
Loans Receivable, Net and Allowance for Loan Losses (Tables) | 9 Months Ended | ||||||||||||||||||||||||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||||||||||||||||||||||||
Summary of Loans Receivable | ' | ||||||||||||||||||||||||||||||||||||||||
Loans receivable consist of the following (in thousands): | |||||||||||||||||||||||||||||||||||||||||
June 30, | September 30, | ||||||||||||||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||||||||||||||
Held for investment: | |||||||||||||||||||||||||||||||||||||||||
Real Estate Loans: | |||||||||||||||||||||||||||||||||||||||||
Residential | $ | 667,316 | $ | 686,651 | |||||||||||||||||||||||||||||||||||||
Construction | 1,800 | 2,288 | |||||||||||||||||||||||||||||||||||||||
Commercial | 188,343 | 159,469 | |||||||||||||||||||||||||||||||||||||||
Commercial | 23,331 | 10,125 | |||||||||||||||||||||||||||||||||||||||
Obligations of states and political subdivisions | 50,096 | 33,445 | |||||||||||||||||||||||||||||||||||||||
Home equity loans and lines of credit | 40,866 | 41,923 | |||||||||||||||||||||||||||||||||||||||
Auto Loans | 83,619 | 61 | |||||||||||||||||||||||||||||||||||||||
Other | 3,590 | 2,332 | |||||||||||||||||||||||||||||||||||||||
1,058,961 | 936,294 | ||||||||||||||||||||||||||||||||||||||||
Less allowance for loan losses | 8,836 | 8,064 | |||||||||||||||||||||||||||||||||||||||
Net loans | $ | 1,050,125 | $ | 928,230 | |||||||||||||||||||||||||||||||||||||
Schedule of Loans Evaluated for Impairment | ' | ||||||||||||||||||||||||||||||||||||||||
Total Loans | Individually Evaluated for | Loans Acquired with | Collectively Evaluated | ||||||||||||||||||||||||||||||||||||||
Impairment | Deteriorated Credit Quality | for Impairment | |||||||||||||||||||||||||||||||||||||||
June 30, 2014 | |||||||||||||||||||||||||||||||||||||||||
Real Estate Loans: | |||||||||||||||||||||||||||||||||||||||||
Residential | $ | 667,316 | $ | 13,093 | $ | 109 | $ | 654,114 | |||||||||||||||||||||||||||||||||
Construction | 1,800 | — | — | 1,800 | |||||||||||||||||||||||||||||||||||||
Commercial | 188,343 | 17,912 | 5,151 | 165,280 | |||||||||||||||||||||||||||||||||||||
Commercial | 23,331 | 536 | 293 | 22,502 | |||||||||||||||||||||||||||||||||||||
Obligations of states and political subdivisions | 50,096 | — | — | 50,096 | |||||||||||||||||||||||||||||||||||||
Home Equity loans and lines of credit | 40,866 | 220 | — | 40,646 | |||||||||||||||||||||||||||||||||||||
Auto Loans | 83,619 | — | — | 83,619 | |||||||||||||||||||||||||||||||||||||
Other | 3,590 | — | — | 3,590 | |||||||||||||||||||||||||||||||||||||
Total | $ | 1,058,961 | $ | 31,761 | $ | 5,553 | $ | 1,021,647 | |||||||||||||||||||||||||||||||||
Total Loans | Individually Evaluated for | Loans Acquired with | Collectively Evaluated | ||||||||||||||||||||||||||||||||||||||
Impairment | Deteriorated Credit Quality | for Impairment | |||||||||||||||||||||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||||||||||||||||||||||
Real Estate Loans: | |||||||||||||||||||||||||||||||||||||||||
Residential | $ | 686,651 | $ | 14,018 | $ | 271 | $ | 672,362 | |||||||||||||||||||||||||||||||||
Construction | 2,288 | — | — | 2,288 | |||||||||||||||||||||||||||||||||||||
Commercial | 159,469 | 15,478 | 6,355 | 137,636 | |||||||||||||||||||||||||||||||||||||
Commercial | 10,125 | 220 | 502 | 9,403 | |||||||||||||||||||||||||||||||||||||
Obligations of states and political subdivisions | 33,445 | — | — | 33,445 | |||||||||||||||||||||||||||||||||||||
Home Equity loans and lines of credit | 41,923 | 379 | 3 | 41,541 | |||||||||||||||||||||||||||||||||||||
Auto Loans | 61 | — | — | 61 | |||||||||||||||||||||||||||||||||||||
Other | 2,332 | — | — | 2,332 | |||||||||||||||||||||||||||||||||||||
Total | $ | 936,294 | $ | 30,095 | $ | 7,131 | $ | 899,068 | |||||||||||||||||||||||||||||||||
Schedule of Investment and Unpaid Principal Balances for Impaired Loans | ' | ||||||||||||||||||||||||||||||||||||||||
The following table includes the recorded investment and unpaid principal balances for impaired loans with the associated allowance amount, if applicable. Also presented are the average recorded investments in the impaired loans and the related amount of interest recognized during the time within the period that the impaired loans were impaired. | |||||||||||||||||||||||||||||||||||||||||
Recorded | Unpaid | Associated | Average | Interest | |||||||||||||||||||||||||||||||||||||
Investment | Principal | Allowance | Recorded | Income | |||||||||||||||||||||||||||||||||||||
Balance | Investment | Recognized | |||||||||||||||||||||||||||||||||||||||
June 30, 2014 | |||||||||||||||||||||||||||||||||||||||||
With no specific allowance recorded: | |||||||||||||||||||||||||||||||||||||||||
Real Estate Loans | |||||||||||||||||||||||||||||||||||||||||
Residential | $ | 8,512 | $ | 10,603 | $ | — | $ | 9,566 | $ | 242 | |||||||||||||||||||||||||||||||
Construction | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Commercial | 22,252 | 23,205 | — | 20,241 | 553 | ||||||||||||||||||||||||||||||||||||
Commercial | 829 | 834 | — | 1,764 | 49 | ||||||||||||||||||||||||||||||||||||
Obligations of states and political subdivisions | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Home equity loans and lines of credit | 183 | 458 | — | 285 | 4 | ||||||||||||||||||||||||||||||||||||
Auto Loans | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Other | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Total | 31,776 | 35,100 | — | 31,856 | 848 | ||||||||||||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||||||||||||||
Real Estate Loans | |||||||||||||||||||||||||||||||||||||||||
Residential | 4,690 | 5,258 | 531 | 3,425 | 79 | ||||||||||||||||||||||||||||||||||||
Construction | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Commercial | 811 | 847 | 96 | 1,896 | — | ||||||||||||||||||||||||||||||||||||
Commercial | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Obligations of states and political subdivisions | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Home equity loans and lines of credit | 37 | 45 | 37 | 17 | — | ||||||||||||||||||||||||||||||||||||
Auto Loans | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Other | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Total | 5,538 | 6,150 | 664 | 5,338 | 79 | ||||||||||||||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||||||||||||||
Real Estate Loans | |||||||||||||||||||||||||||||||||||||||||
Residential | 13,202 | 15,861 | 531 | 12,991 | 321 | ||||||||||||||||||||||||||||||||||||
Construction | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Commercial | 23,063 | 24,052 | 96 | 22,137 | 553 | ||||||||||||||||||||||||||||||||||||
Commercial | 829 | 834 | — | 1,764 | 49 | ||||||||||||||||||||||||||||||||||||
Obligations of states and political subdivisions | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Home equity loans and lines of credit | 220 | 503 | 37 | 302 | 4 | ||||||||||||||||||||||||||||||||||||
Auto Loans | — | — | — | — | |||||||||||||||||||||||||||||||||||||
Other | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Total Impaired Loans | $ | 37,314 | $ | 41,250 | $ | 664 | $ | 37,194 | $ | 927 | |||||||||||||||||||||||||||||||
Recorded | Unpaid | Associated | Average | Interest | |||||||||||||||||||||||||||||||||||||
Investment | Principal | Allowance | Recorded | Income | |||||||||||||||||||||||||||||||||||||
Balance | Investment | Recognized | |||||||||||||||||||||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||||||||||||||||||||||
With no specific allowance recorded: | |||||||||||||||||||||||||||||||||||||||||
Real Estate Loans | |||||||||||||||||||||||||||||||||||||||||
Residential | $ | 11,251 | $ | 13,013 | $ | — | $ | 9,716 | $ | 159 | |||||||||||||||||||||||||||||||
Construction | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Commercial | 18,711 | 20,258 | — | 20,751 | 615 | ||||||||||||||||||||||||||||||||||||
Commercial | 722 | 731 | — | 1,034 | 9 | ||||||||||||||||||||||||||||||||||||
Obligations of states and political subdivisions | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Home equity loans and lines of credit | 382 | 683 | — | 373 | 3 | ||||||||||||||||||||||||||||||||||||
Other | — | — | — | 18 | — | ||||||||||||||||||||||||||||||||||||
Total | 31,066 | 34,685 | — | 31,892 | 786 | ||||||||||||||||||||||||||||||||||||
With an allowance recorded: | |||||||||||||||||||||||||||||||||||||||||
Real Estate Loans | |||||||||||||||||||||||||||||||||||||||||
Residential | 3,038 | 3,221 | 518 | 2,655 | 74 | ||||||||||||||||||||||||||||||||||||
Construction | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Commercial | 3,122 | 3,178 | 301 | 2,839 | |||||||||||||||||||||||||||||||||||||
Commercial | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Obligations of states and political subdivisions | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Home equity loans and lines of credit | — | — | — | — | |||||||||||||||||||||||||||||||||||||
Other | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Total | 6,160 | 6,399 | 819 | 5,494 | 74 | ||||||||||||||||||||||||||||||||||||
Total: | |||||||||||||||||||||||||||||||||||||||||
Real Estate Loans | |||||||||||||||||||||||||||||||||||||||||
Residential | 14,289 | 16,234 | 518 | 12,371 | 233 | ||||||||||||||||||||||||||||||||||||
Construction | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Commercial | 21,833 | 23,436 | 301 | 23,590 | 615 | ||||||||||||||||||||||||||||||||||||
Commercial | 722 | 731 | — | 1,034 | 9 | ||||||||||||||||||||||||||||||||||||
Obligations of states and political subdivisions | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Home equity loans and lines of credit | 382 | 683 | — | 373 | 3 | ||||||||||||||||||||||||||||||||||||
Other | — | — | — | 18 | — | ||||||||||||||||||||||||||||||||||||
Total Impaired Loans | $ | 37,226 | $ | 41,084 | $ | 819 | $ | 37,386 | $ | 860 | |||||||||||||||||||||||||||||||
Classes of the Loan Portfolio, Internal Risk Rating System | ' | ||||||||||||||||||||||||||||||||||||||||
The following tables present the classes of the loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the internal risk rating system as of June 30, 2014 and September 30, 2013 (in thousands): | |||||||||||||||||||||||||||||||||||||||||
Pass | Special | Substandard | Doubtful | Total | |||||||||||||||||||||||||||||||||||||
Mention | |||||||||||||||||||||||||||||||||||||||||
June 30, 2014 | |||||||||||||||||||||||||||||||||||||||||
Commercial real estate loans | $ | 157,359 | $ | 8,576 | $ | 22,106 | $ | 302 | $ | 188,343 | |||||||||||||||||||||||||||||||
Commercial | 22,295 | 375 | 661 | — | 23,331 | ||||||||||||||||||||||||||||||||||||
Obligations of states and political subdivisions | 50,096 | — | — | — | 50,096 | ||||||||||||||||||||||||||||||||||||
Total | $ | 229,750 | $ | 8,951 | $ | 22,767 | $ | 302 | $ | 261,770 | |||||||||||||||||||||||||||||||
Pass | Special | Substandard | Doubtful | Total | |||||||||||||||||||||||||||||||||||||
Mention | |||||||||||||||||||||||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||||||||||||||||||||||
Commercial real estate loans | $ | 129,799 | $ | 9,440 | $ | 20,230 | $ | — | $ | 159,469 | |||||||||||||||||||||||||||||||
Commercial | 9,466 | 436 | 223 | — | 10,125 | ||||||||||||||||||||||||||||||||||||
Obligations of states and political subdivisions | 33,445 | — | — | — | 33,445 | ||||||||||||||||||||||||||||||||||||
Total | $ | 172,710 | $ | 9,876 | $ | 20,453 | $ | — | $ | 203,039 | |||||||||||||||||||||||||||||||
Schedule of Performing or Nonperforming Loans | ' | ||||||||||||||||||||||||||||||||||||||||
The following tables present the risk ratings in the consumer categories of performing and non-performing loans at June 30, 2014 and September 30, 2013 (in thousands): | |||||||||||||||||||||||||||||||||||||||||
Performing | Non-performing | Total | |||||||||||||||||||||||||||||||||||||||
June 30, 2014 | |||||||||||||||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||||||||||||||
Residential | $ | 656,893 | $ | 10,423 | $ | 667,316 | |||||||||||||||||||||||||||||||||||
Construction | 1,800 | — | 1,800 | ||||||||||||||||||||||||||||||||||||||
Home Equity loans and lines of credit | 40,613 | 253 | 40,866 | ||||||||||||||||||||||||||||||||||||||
Auto Loans | 83,594 | 25 | 83,619 | ||||||||||||||||||||||||||||||||||||||
Other | 3,577 | 13 | 3,590 | ||||||||||||||||||||||||||||||||||||||
Total | $ | 786,477 | $ | 10,714 | $ | 797,191 | |||||||||||||||||||||||||||||||||||
Performing | Non-performing | Total | |||||||||||||||||||||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||||||||||||||
Residential | $ | 675,706 | $ | 10,945 | $ | 686,651 | |||||||||||||||||||||||||||||||||||
Construction | 2,288 | — | 2,288 | ||||||||||||||||||||||||||||||||||||||
Home Equity loans and lines of credit | 41,584 | 339 | 41,923 | ||||||||||||||||||||||||||||||||||||||
Auto loans | 61 | — | 61 | ||||||||||||||||||||||||||||||||||||||
Other | 2,332 | — | 2,332 | ||||||||||||||||||||||||||||||||||||||
Total | $ | 721,971 | $ | 11,284 | $ | 733,255 | |||||||||||||||||||||||||||||||||||
Classes of the Loan Portfolio Summarized by the Aging Categories | ' | ||||||||||||||||||||||||||||||||||||||||
The following tables present the classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans as of June 30, 2014 and September 30, 2013 (in thousands): | |||||||||||||||||||||||||||||||||||||||||
Current | 31-60 Days | 61-90 Days | Greater than | Non-Accrual | Total Past | Total | |||||||||||||||||||||||||||||||||||
Past Due | Past Due | 90 Days Past | Due and | Loans | |||||||||||||||||||||||||||||||||||||
Due and still | Non- | ||||||||||||||||||||||||||||||||||||||||
accruing | Accrual | ||||||||||||||||||||||||||||||||||||||||
June 30, 2014 | |||||||||||||||||||||||||||||||||||||||||
Real estate loans | |||||||||||||||||||||||||||||||||||||||||
Residential | $ | 652,247 | $ | 3,857 | $ | 789 | $ | — | $ | 10,423 | $ | 15,069 | $ | 667,316 | |||||||||||||||||||||||||||
Construction | 1,800 | — | — | — | — | — | 1,800 | ||||||||||||||||||||||||||||||||||
Commercial | 177,162 | 283 | — | — | 10,898 | 11,181 | 188,343 | ||||||||||||||||||||||||||||||||||
Commercial | 21,682 | 204 | 127 | — | 1,318 | 1,649 | 23,331 | ||||||||||||||||||||||||||||||||||
Obligations of states and political subdivisions | 50,077 | 19 | — | — | — | 19 | 50,096 | ||||||||||||||||||||||||||||||||||
Home equity loans and lines of credit | 40,514 | 69 | 30 | — | 253 | 352 | 40,866 | ||||||||||||||||||||||||||||||||||
Auto Loans | 83,312 | 282 | — | — | 25 | 307 | 83,619 | ||||||||||||||||||||||||||||||||||
Other | 3,517 | 51 | 9 | — | 13 | 73 | 3,590 | ||||||||||||||||||||||||||||||||||
Total | $ | 1,030,311 | $ | 4,765 | $ | 955 | $ | — | $ | 22,930 | $ | 28,650 | $ | 1,058,961 | |||||||||||||||||||||||||||
Current | 31-60 Days | 61-90 Days | Greater than | Non-Accrual | Total Past | Total | |||||||||||||||||||||||||||||||||||
Past Due | Past Due | 90 Days Past | Due and | Loans | |||||||||||||||||||||||||||||||||||||
Due and still | Non- | ||||||||||||||||||||||||||||||||||||||||
accruing | Accrual | ||||||||||||||||||||||||||||||||||||||||
September 30, 2013 | |||||||||||||||||||||||||||||||||||||||||
Real estate loans | |||||||||||||||||||||||||||||||||||||||||
Residential | $ | 671,850 | $ | 2,866 | $ | 990 | $ | — | $ | 10,945 | $ | 14,801 | $ | 686,651 | |||||||||||||||||||||||||||
Construction | 2,288 | — | — | — | — | — | 2,288 | ||||||||||||||||||||||||||||||||||
Commercial | 146,062 | 2,589 | — | 10,818 | 13,407 | 159,469 | |||||||||||||||||||||||||||||||||||
Commercial | 8,948 | — | — | — | 1,177 | 1,177 | 10,125 | ||||||||||||||||||||||||||||||||||
Obligations of states and political subdivisions | 33,445 | — | — | — | — | — | 33,445 | ||||||||||||||||||||||||||||||||||
Home equity loans and lines of credit | 41,380 | 127 | 77 | — | 339 | 543 | 41,923 | ||||||||||||||||||||||||||||||||||
Auto loans | 61 | — | — | — | — | — | 61 | ||||||||||||||||||||||||||||||||||
Other | 2,275 | 57 | — | — | — | 57 | 2,332 | ||||||||||||||||||||||||||||||||||
Total | $ | 906,309 | $ | 5,639 | $ | 1,067 | $ | — | $ | 23,279 | $ | 29,985 | $ | 936,294 | |||||||||||||||||||||||||||
Summary of Primary Segments of ALL | ' | ||||||||||||||||||||||||||||||||||||||||
The following tables summarize changes in the primary segments of the ALL for the three and nine month periods ending June 30, 2014 and 2013: | |||||||||||||||||||||||||||||||||||||||||
Real Estate Loans | |||||||||||||||||||||||||||||||||||||||||
Residential | Construction | Commercial | Commercial | Obligations of | Home | Auto | Other Loans | Unallocated | Total | ||||||||||||||||||||||||||||||||
Loans | States and | Equity | Loans | ||||||||||||||||||||||||||||||||||||||
Political | Loans and | ||||||||||||||||||||||||||||||||||||||||
Subdivisions | Lines of | ||||||||||||||||||||||||||||||||||||||||
Credit | |||||||||||||||||||||||||||||||||||||||||
ALL balance at March 31, 2014 | 5,920 | 26 | 1,003 | 369 | 106 | 500 | — | 26 | 712 | 8,662 | |||||||||||||||||||||||||||||||
Charge-offs | (332 | ) | — | (23 | ) | — | — | (10 | ) | — | — | — | (365 | ) | |||||||||||||||||||||||||||
Recoveries | 34 | — | — | 2 | — | — | — | 3 | — | 39 | |||||||||||||||||||||||||||||||
Provision | 312 | (2 | ) | (399 | ) | 222 | 10 | (17 | ) | 56 | (3 | ) | 321 | 500 | |||||||||||||||||||||||||||
ALL balance at June 30, 2014 | 5,934 | 24 | 581 | 593 | 116 | 473 | 56 | 26 | 1,033 | 8,836 | |||||||||||||||||||||||||||||||
March 31, 2013 | 5,791 | 28 | 837 | 350 | 106 | 496 | — | 19 | 44 | 7,671 | |||||||||||||||||||||||||||||||
Charge-offs | (509 | ) | — | (74 | ) | (16 | ) | — | — | — | — | — | (599 | ) | |||||||||||||||||||||||||||
Recoveries | 9 | — | — | — | — | 3 | — | — | — | 12 | |||||||||||||||||||||||||||||||
Provision | 676 | 16 | 262 | 27 | 7 | 97 | — | 1 | 14 | 1,100 | |||||||||||||||||||||||||||||||
ALL balance at June 30, 2013 | 5,967 | 44 | 1,025 | 361 | 113 | 596 | — | 20 | 58 | 8,184 | |||||||||||||||||||||||||||||||
ALL balance at September 30, 2013 | 5,787 | 20 | 946 | 337 | 130 | 430 | — | 21 | 393 | 8,064 | |||||||||||||||||||||||||||||||
Charge-offs | (1,255 | ) | — | (73 | ) | (48 | ) | — | (73 | ) | — | — | — | (1,449 | ) | ||||||||||||||||||||||||||
Recoveries | 112 | — | 83 | 14 | — | — | — | 12 | — | 221 | |||||||||||||||||||||||||||||||
Provision | 1,290 | 4 | (375 | ) | 290 | (14 | ) | 116 | 56 | (7 | ) | 640 | 2,000 | ||||||||||||||||||||||||||||
ALL balance at June 30, 2014 | 5,934 | 24 | 581 | 593 | 116 | 473 | 56 | 26 | 1,033 | 8,836 | |||||||||||||||||||||||||||||||
September 30, 2012 | 5,401 | 29 | 699 | 474 | 127 | 499 | — | 22 | 51 | 7,302 | |||||||||||||||||||||||||||||||
Charge-offs | (1,752 | ) | — | (288 | ) | (16 | ) | — | (67 | ) | — | (6 | ) | — | (2,129 | ) | |||||||||||||||||||||||||
Recoveries | 50 | — | 2 | — | — | 9 | — | — | — | 61 | |||||||||||||||||||||||||||||||
Provision | 2,268 | 15 | 612 | (97 | ) | (14 | ) | 155 | — | 4 | 7 | 2,950 | |||||||||||||||||||||||||||||
ALL balance at June 30, 2013 | 5,967 | 44 | 1,025 | 361 | 113 | 596 | — | 20 | 58 | 8,184 | |||||||||||||||||||||||||||||||
The following table summarizes the primary segments of the ALL, segregated into amount required for loans individually evaluated for impairment and the amount required for loans collectively evaluated for impairment as of June 30, 2014 (in thousands): | |||||||||||||||||||||||||||||||||||||||||
Real Estate Loans | |||||||||||||||||||||||||||||||||||||||||
Residential | Construction | Commercial | Commercial | Obligations of | Home | Auto | Other Loans | Unallocated | Total | ||||||||||||||||||||||||||||||||
Loans | States and | Equity | Loans | ||||||||||||||||||||||||||||||||||||||
Political | Loans and | ||||||||||||||||||||||||||||||||||||||||
Subdivisions | Lines of | ||||||||||||||||||||||||||||||||||||||||
Credit | |||||||||||||||||||||||||||||||||||||||||
Individually evaluated for impairment | 531 | — | 96 | — | — | 37 | — | — | — | 664 | |||||||||||||||||||||||||||||||
Collectively evaluated for impairment | 5,403 | 24 | 485 | 593 | 116 | 436 | 56 | 26 | 1,033 | 8,172 | |||||||||||||||||||||||||||||||
ALL Balance at June 30, 2014 | 5,934 | 24 | 581 | 593 | 116 | 473 | 56 | 26 | 1,033 | 8,836 | |||||||||||||||||||||||||||||||
Individually evaluated for impairment | 518 | — | 301 | — | — | — | — | — | — | 819 | |||||||||||||||||||||||||||||||
Collectively evaluated for impairment | 5,269 | 20 | 645 | 337 | 130 | 430 | — | 21 | 393 | 7,245 | |||||||||||||||||||||||||||||||
ALL balance at September 30, 2013 | 5,787 | 20 | 946 | 337 | 130 | 430 | — | 21 | 393 | 8,064 | |||||||||||||||||||||||||||||||
Summary of Troubled Debt Restructuring Granted | ' | ||||||||||||||||||||||||||||||||||||||||
The following is a summary of troubled debt restructuring granted during the three and nine months ended June 30, 2014 and 2013. | |||||||||||||||||||||||||||||||||||||||||
For the Three Months Ended June 30, 2014 | |||||||||||||||||||||||||||||||||||||||||
Number of | Pre-Modification | Post-Modification | |||||||||||||||||||||||||||||||||||||||
Contracts | Outstanding | Outstanding | |||||||||||||||||||||||||||||||||||||||
Recorded | Recorded | ||||||||||||||||||||||||||||||||||||||||
Investment | Investment | ||||||||||||||||||||||||||||||||||||||||
Troubled Debt Restructurings | |||||||||||||||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||||||||||||||
Residential | 2 | $ | 236 | $ | 236 | ||||||||||||||||||||||||||||||||||||
Construction | — | — | — | ||||||||||||||||||||||||||||||||||||||
Commercial | — | — | — | ||||||||||||||||||||||||||||||||||||||
Commercial | — | — | — | ||||||||||||||||||||||||||||||||||||||
Obligations of states and political subdivisions | — | — | — | ||||||||||||||||||||||||||||||||||||||
Home equity loans and lines of credit | — | — | — | ||||||||||||||||||||||||||||||||||||||
Auto Loans | — | — | — | ||||||||||||||||||||||||||||||||||||||
Other | — | — | — | ||||||||||||||||||||||||||||||||||||||
Total | 2 | $ | 236 | $ | 236 | ||||||||||||||||||||||||||||||||||||
Of the two new troubled debt restructurings granted for the three months ended June 30, 2014, one loan totaling $208,000 was granted terms and rate concessions and one loan totaling $28,000 was granted terms concessions. | |||||||||||||||||||||||||||||||||||||||||
For the Three Months Ended June 30, 2013 | |||||||||||||||||||||||||||||||||||||||||
Number of | Pre-Modification | Post-Modification | |||||||||||||||||||||||||||||||||||||||
Contracts | Outstanding | Outstanding | |||||||||||||||||||||||||||||||||||||||
Recorded | Recorded | ||||||||||||||||||||||||||||||||||||||||
Investment | Investment | ||||||||||||||||||||||||||||||||||||||||
Troubled Debt Restructurings | |||||||||||||||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||||||||||||||
Residential | 8 | $ | 989 | $ | 989 | ||||||||||||||||||||||||||||||||||||
Construction | — | — | — | ||||||||||||||||||||||||||||||||||||||
Commercial | — | — | — | ||||||||||||||||||||||||||||||||||||||
Commercial | — | — | — | ||||||||||||||||||||||||||||||||||||||
Obligations of states and political subdivisions | — | — | — | ||||||||||||||||||||||||||||||||||||||
Home equity loans and lines of credit | 1 | 98 | 98 | ||||||||||||||||||||||||||||||||||||||
Auto Loans | — | — | — | ||||||||||||||||||||||||||||||||||||||
Other | — | — | — | ||||||||||||||||||||||||||||||||||||||
Total | 9 | $ | 1,087 | $ | 1,087 | ||||||||||||||||||||||||||||||||||||
Of the nine new troubled debt restructurings granted for the three months ended June 30, 2013, six loans totaling $751,000 were granted terms and rate concessions and three loans totaling $336,000 were granted terms concessions. | |||||||||||||||||||||||||||||||||||||||||
For the Nine Months Ended June 30, 2014 | |||||||||||||||||||||||||||||||||||||||||
Number of | Pre-Modification | Post-Modification | |||||||||||||||||||||||||||||||||||||||
Contracts | Outstanding | Outstanding | |||||||||||||||||||||||||||||||||||||||
Recorded | Recorded | ||||||||||||||||||||||||||||||||||||||||
Investment | Investment | ||||||||||||||||||||||||||||||||||||||||
Troubled Debt Restructurings | |||||||||||||||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||||||||||||||
Residential | 9 | $ | 1,293 | $ | 1,293 | ||||||||||||||||||||||||||||||||||||
Construction | — | — | — | ||||||||||||||||||||||||||||||||||||||
Commercial | 1 | 197 | 197 | ||||||||||||||||||||||||||||||||||||||
Commercial | — | — | — | ||||||||||||||||||||||||||||||||||||||
Obligations of states and political subdivisions | — | — | — | ||||||||||||||||||||||||||||||||||||||
Home equity loans and lines of credit | — | — | — | ||||||||||||||||||||||||||||||||||||||
Auto Loans | — | — | — | ||||||||||||||||||||||||||||||||||||||
Other | — | — | — | ||||||||||||||||||||||||||||||||||||||
Total | 10 | $ | 1,490 | $ | 1,490 | ||||||||||||||||||||||||||||||||||||
Of the ten new troubled debt restructurings granted for the nine months ended June 30, 2014, six loans totaling $883,000 were granted terms and rate concessions and four loans totaling $607,000 were granted terms concessions. | |||||||||||||||||||||||||||||||||||||||||
For the Nine Months Ended June 30, 2013 | |||||||||||||||||||||||||||||||||||||||||
Number of | Pre-Modification | Post-Modification | |||||||||||||||||||||||||||||||||||||||
Contracts | Outstanding | Outstanding | |||||||||||||||||||||||||||||||||||||||
Recorded | Recorded | ||||||||||||||||||||||||||||||||||||||||
Investment | Investment | ||||||||||||||||||||||||||||||||||||||||
Troubled Debt Restructurings | |||||||||||||||||||||||||||||||||||||||||
Real estate loans: | |||||||||||||||||||||||||||||||||||||||||
Residential | 12 | $ | 1,589 | $ | 1,589 | ||||||||||||||||||||||||||||||||||||
Construction | — | — | — | ||||||||||||||||||||||||||||||||||||||
Commercial | — | — | — | ||||||||||||||||||||||||||||||||||||||
Commercial | — | — | — | ||||||||||||||||||||||||||||||||||||||
Obligations of states and political subdivisions | — | — | — | ||||||||||||||||||||||||||||||||||||||
Home equity loans and lines of credit | 1 | 98 | 98 | ||||||||||||||||||||||||||||||||||||||
Auto Loans | |||||||||||||||||||||||||||||||||||||||||
Other | — | — | — | ||||||||||||||||||||||||||||||||||||||
Total | 13 | $ | 1,687 | $ | 1,687 | ||||||||||||||||||||||||||||||||||||
First National Community Bank [Member] | ' | ||||||||||||||||||||||||||||||||||||||||
Summary of Loans Receivable | ' | ||||||||||||||||||||||||||||||||||||||||
Included in the June 30, 2014 balances are loans acquired from FNCB, as of the acquisition date of January 24,2014 as follows: | |||||||||||||||||||||||||||||||||||||||||
Real Estate Loans: | |||||||||||||||||||||||||||||||||||||||||
Residential | $ | 933 | |||||||||||||||||||||||||||||||||||||||
Home equity loans and lines of credit | 77 | ||||||||||||||||||||||||||||||||||||||||
Other | 20 | ||||||||||||||||||||||||||||||||||||||||
Total loans | $ | 1,030 | |||||||||||||||||||||||||||||||||||||||
Franklin Security Bank [Member] | ' | ||||||||||||||||||||||||||||||||||||||||
Summary of Loans Receivable | ' | ||||||||||||||||||||||||||||||||||||||||
Included in the June 30, 2014 balances are loans acquired from Franklin Security Bank, as of the acquisition date of April 4, 2014 as follows: | |||||||||||||||||||||||||||||||||||||||||
Real Estate Loans: | |||||||||||||||||||||||||||||||||||||||||
Residential | $ | 17,151 | |||||||||||||||||||||||||||||||||||||||
Commercial | 38,247 | ||||||||||||||||||||||||||||||||||||||||
Commercial | 9,308 | ||||||||||||||||||||||||||||||||||||||||
Obligations of states and political subdivisions | 7,309 | ||||||||||||||||||||||||||||||||||||||||
Home equity loans and lines of credit | 16 | ||||||||||||||||||||||||||||||||||||||||
Auto loans | 78,794 | ||||||||||||||||||||||||||||||||||||||||
Other | 1,363 | ||||||||||||||||||||||||||||||||||||||||
Total loans | $ | 152,188 | |||||||||||||||||||||||||||||||||||||||
Deposits_Tables
Deposits (Tables) | 9 Months Ended | ||||||||
Jun. 30, 2014 | |||||||||
Banking And Thrift [Abstract] | ' | ||||||||
Schedule of Deposits by Major Classifications | ' | ||||||||
Deposits consist of the following major classifications (in thousands): | |||||||||
June 30, | September 30, | ||||||||
2014 | 2013 | ||||||||
Non-interest bearing demand accounts | $ | 70,980 | $ | 58,795 | |||||
NOW accounts | 120,939 | 99,857 | |||||||
Money market accounts | 178,263 | 138,049 | |||||||
Savings and club accounts | 124,812 | 110,189 | |||||||
Certificates of deposit | 648,101 | 634,169 | |||||||
Total | $ | 1,143,095 | $ | 1,041,059 | |||||
Net_Periodic_Benefit_CostDefin1
Net Periodic Benefit Cost-Defined Benefit Plan (Tables) | 9 Months Ended | ||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||
Compensation And Retirement Disclosure [Abstract] | ' | ||||||||||||||||
Summary of the Components of Net Periodic Benefit Cost | ' | ||||||||||||||||
The following table comprises the components of net periodic benefit cost for the periods ended (in thousands): | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
June 30, | June 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
Service Cost | $ | 144 | $ | 175 | $ | 433 | $ | 526 | |||||||||
Interest Cost | 191 | 179 | 572 | 537 | |||||||||||||
Expected return on plan assets | (290 | ) | (259 | ) | (871 | ) | (776 | ) | |||||||||
Amortization of unrecognized loss | 7 | 98 | 21 | 294 | |||||||||||||
Net periodic benefit cost | $ | 52 | $ | 193 | $ | 155 | $ | 581 | |||||||||
Equity_Incentive_Plan_Tables
Equity Incentive Plan (Tables) | 9 Months Ended | ||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | ' | ||||||||||||||||
Schedule of Stock Option Activity | ' | ||||||||||||||||
The following is a summary of the Company’s stock option activity and related information for its option grants for the six month period ended June 30, 2014. | |||||||||||||||||
Number of Stock | Weighted- | Weighted- | Aggregate | ||||||||||||||
Options | average | average | Intrinsic | ||||||||||||||
Exercise | Remaining | Value | |||||||||||||||
Price | Contractual | (in thousands) | |||||||||||||||
Term (in years) | |||||||||||||||||
Outstanding, September 30, 2013 | 1,458,379 | $ | 12.35 | 4.67 | $ | — | |||||||||||
Granted | — | — | — | — | |||||||||||||
Exercised | — | — | — | — | |||||||||||||
Forfeited | — | — | — | — | |||||||||||||
Outstanding, June 30, 2014 | 1,458,379 | $ | 12.35 | 3.9 | $ | — | |||||||||||
Exercisable at June 30, 2014 | 1,458,379 | $ | 12.35 | 3.9 | $ | — | |||||||||||
Schedule of Restricted Stock Option Activity | ' | ||||||||||||||||
The following is a summary of the status of the Company’s restricted stock as of June 30, 2014, and changes therein during the six month period then ended: | |||||||||||||||||
Number of | Weighted- | ||||||||||||||||
Restricted Stock | average | ||||||||||||||||
Grant Date | |||||||||||||||||
Fair Value | |||||||||||||||||
Nonvested at September 30, 2013 | 14,995 | $ | 10.94 | ||||||||||||||
Granted | — | — | |||||||||||||||
Vested | 1,661 | 10.94 | |||||||||||||||
Forfeited | — | — | |||||||||||||||
Nonvested at June 30, 2014 | 13,334 | $ | 10.94 | ||||||||||||||
Fair_Value_Measurement_Tables
Fair Value Measurement (Tables) | 9 Months Ended | ||||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | ||||||||||||||||||||
Schedule of Securities, Other Real Estate Owned and Impaired Loans Measured at Fair Value | ' | ||||||||||||||||||||
The following table presents information about the Company’s securities, other real estate owned and impaired loans measured at fair value as of June 30, 2014 and September 30, 2013 and indicates the fair value hierarchy of the valuation techniques utilized by the Bank to determine such fair value: | |||||||||||||||||||||
Fair Value Measurement at June 30, 2014 | |||||||||||||||||||||
Fair Value Measurements Utilized for the | Quoted Prices in Active | Significant Other | Significant | Balances as of | |||||||||||||||||
Company’s Financial Assets (in thousands): | Markets for Identical Assets | Observable Inputs | Unobservable Inputs | September 30, 2013 | |||||||||||||||||
(Level 1) | (Level 2) | (Level 3) | |||||||||||||||||||
Securities available-for-sale measured on a recurring basis | |||||||||||||||||||||
Mortgage backed securities | $ | — | $ | 257,581 | $ | — | $ | 257,581 | |||||||||||||
Obligations of states and political subdivisions | — | 43,163 | — | 43,163 | |||||||||||||||||
U.S. government agencies | — | 47,905 | — | 47,905 | |||||||||||||||||
Corporate obligations | — | 13,405 | — | 13,405 | |||||||||||||||||
Trust-preferred securities | — | 3,861 | 1,830 | 5,691 | |||||||||||||||||
Other debt securities | — | 5,254 | — | 5,254 | |||||||||||||||||
Equity securities-financial services | 2,025 | — | — | 2,025 | |||||||||||||||||
Total debt and equity securities | $ | 2,025 | $ | 371,169 | $ | 1,830 | $ | 375,024 | |||||||||||||
Foreclosed real estate owned measured on a non-recurring basis | $ | — | $ | — | $ | 2,967 | $ | 2,967 | |||||||||||||
Impaired loans measured on a non-recurring basis | $ | — | $ | — | $ | 36,650 | $ | 36,650 | |||||||||||||
Fair Value Measurement at September 30, 2013 | |||||||||||||||||||||
Fair Value Measurements Utilized for the | Quoted Prices in Active | Significant Other | Significant | Balances as of | |||||||||||||||||
Company’s Financial Assets (in thousands): | Markets for Identical Assets | Observable Inputs | Unobservable Inputs | September 30, 2013 | |||||||||||||||||
(Level 1) | (Level 2) | (Level 3) | |||||||||||||||||||
Securities available-for-sale measured on a recurring basis | |||||||||||||||||||||
Mortgage backed securities | $ | — | $ | 217,837 | $ | — | $ | 217,837 | |||||||||||||
Obligations of states and political subdivisions | — | 23,909 | — | 23,909 | |||||||||||||||||
U.S. government agencies | — | 52,520 | — | 52,520 | |||||||||||||||||
Corporate obligations | — | 12,773 | — | 12,773 | |||||||||||||||||
Trust-preferred securities | — | 3,614 | 1,800 | 5,414 | |||||||||||||||||
Other debt securities | — | 1,154 | — | 1,154 | |||||||||||||||||
Equity securities-financial services | 2,015 | — | — | 2,015 | |||||||||||||||||
Total debt and equity securities | $ | 2,015 | $ | 311,807 | $ | 1,800 | $ | 315,622 | |||||||||||||
Foreclosed real estate owned measured on a non-recurring basis | $ | — | $ | — | $ | 2,111 | $ | 2,111 | |||||||||||||
Impaired loans measured on a non-recurring basis | $ | — | $ | — | $ | 36,407 | $ | 36,407 | |||||||||||||
Schedule of Changes in Fair Value of Level III Investments | ' | ||||||||||||||||||||
The following table presents a summary of changes in the fair value of the Company’s Level III investments for the periods ended June 30, 2014 and June 30, 2013. | |||||||||||||||||||||
Fair Value Measurement Using Significant Unobservable Inputs | |||||||||||||||||||||
(Level III) | |||||||||||||||||||||
Three months ended | |||||||||||||||||||||
June 30, 2014 | June 30, 2013 | ||||||||||||||||||||
Beginning balance | $ | 1,830 | $ | 1,760 | |||||||||||||||||
Purchases, sales, issuances, settlements, net | — | — | |||||||||||||||||||
Total unrealized gain: | |||||||||||||||||||||
Included in earnings | — | ||||||||||||||||||||
Included in other comprehensive income | — | 20 | |||||||||||||||||||
Transfers in and/or out of Level III | — | — | |||||||||||||||||||
$ | 1,830 | $ | 1,780 | ||||||||||||||||||
Fair Value Measurement Using Significant Unobservable Inputs | |||||||||||||||||||||
(Level III) | |||||||||||||||||||||
Nine months ended | |||||||||||||||||||||
June 30, 2014 | June 30, 2013 | ||||||||||||||||||||
Beginning balance | $ | 1,800 | $ | 1,740 | |||||||||||||||||
Purchases, sales, issuances, settlements, net | — | — | |||||||||||||||||||
Total unrealized gain: | |||||||||||||||||||||
Included in earnings | — | — | |||||||||||||||||||
Included in other comprehensive income | 30 | 40 | |||||||||||||||||||
Transfers in and/or out of Level III | — | — | |||||||||||||||||||
$ | 1,830 | $ | 1,780 | ||||||||||||||||||
Summary of Additional Quantitative Information about Assets Measured at Fair Value on Nonrecurring Basis | ' | ||||||||||||||||||||
The following table presents additional quantitative information about assets measured at fair value on a nonrecurring basis and for which the Company has utilized Level 3 inputs to determine fair value: | |||||||||||||||||||||
Quantitative Information about Level 3 Fair Value Measurements | |||||||||||||||||||||
(unaudited, in thousands) | Fair Value | Valuation | Unobservable | Range | |||||||||||||||||
Estimate | Techniques | Input | |||||||||||||||||||
June 30, 2014: | |||||||||||||||||||||
Impaired loans | 36,650 | Appraisal of | Appraisal | 0% to 30% | |||||||||||||||||
collateral (1) | adjustments (2) | -23.00% | |||||||||||||||||||
Foreclosed real estate owned | 2,967 | Appraisal of | Appraisal | 20% to 40% | |||||||||||||||||
collateral (1), (3) | adjustments (2) | -21.40% | |||||||||||||||||||
Quantitative Information about Level 3 Fair Value Measurements | |||||||||||||||||||||
(unaudited, in thousands) | Fair Value | Valuation | Unobservable | Range | |||||||||||||||||
Estimate | Techniques | Input | |||||||||||||||||||
September 30, 2013: | |||||||||||||||||||||
Impaired loans | 36,407 | Appraisal of | Appraisal | 0% to 30% | |||||||||||||||||
collateral (1) | adjustments (2) | -23.50% | |||||||||||||||||||
Foreclosed real estate owned | 2,111 | Appraisal of | Appraisal | 0% to 30% | |||||||||||||||||
collateral (1), (3) | adjustments (2) | -20.40% | |||||||||||||||||||
-1 | Fair value is generally determined through independent appraisals of the underlying collateral, which generally include various level 3 inputs which are not identifiable. | ||||||||||||||||||||
-2 | Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal. | ||||||||||||||||||||
-3 | Includes qualitative adjustments by management and estimated liquidation expenses. | ||||||||||||||||||||
Schedule of Estimate of Fair Value Using Methodologies | ' | ||||||||||||||||||||
The fair values presented represent the Company’s best estimate of fair value using the methodologies discussed below. | |||||||||||||||||||||
June 30, 2014 | |||||||||||||||||||||
Carrying Value | Level I | Level II | Level III | Total Fair | |||||||||||||||||
Value | |||||||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash and cash equivalents | $ | 23,480 | $ | 23,480 | $ | — | $ | — | $ | 23,480 | |||||||||||
Certificates of deposit | 1,767 | — | 1,767 | — | 1,767 | ||||||||||||||||
Investment and mortgage backed securities available for sale | 375,024 | 2,025 | 371,169 | 1,830 | 375,024 | ||||||||||||||||
Loans receivable, net | 1,050,125 | — | — | 1,078,683 | 1,078,683 | ||||||||||||||||
Accrued interest receivable | 5,042 | 5,042 | — | — | 5,042 | ||||||||||||||||
FHLB stock | 12,757 | 12,757 | — | — | 12,757 | ||||||||||||||||
Mortgage servicing rights | 799 | — | — | 799 | 799 | ||||||||||||||||
Bank owned life insurance | 29,484 | 29,484 | — | — | 29,484 | ||||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Deposits | $ | 1,143,095 | $ | 494,994 | $ | — | $ | 651,908 | 1,146,902 | ||||||||||||
Short-term borrowings | 78,749 | 78,749 | — | — | 78,749 | ||||||||||||||||
Other borrowings | 145,260 | — | — | 146,398 | 146,398 | ||||||||||||||||
Advances by borrowers for taxes and insurance | 11,924 | 11,924 | — | — | 11,924 | ||||||||||||||||
Accrued interest payable | 1,035 | 1,035 | — | — | 1,035 | ||||||||||||||||
September 30, 2013 | |||||||||||||||||||||
Carrying Value | Level I | Level II | Level III | Total Fair | |||||||||||||||||
Value | |||||||||||||||||||||
Financial assets: | |||||||||||||||||||||
Cash and cash equivalents | $ | 26,648 | $ | 26,648 | $ | — | $ | — | $ | 26,648 | |||||||||||
Certificates of deposit | 1,767 | — | 1,767 | — | 1,767 | ||||||||||||||||
Investment and mortgage backed securities available for sale | 315,622 | 2,015 | 311,807 | 1,800 | 315,622 | ||||||||||||||||
Loans receivable, net | 928,230 | — | — | 951,120 | 951,120 | ||||||||||||||||
Accrued interest receivable | 4,413 | 4,413 | — | — | 4,413 | ||||||||||||||||
FHLB stock | 9,415 | 9,415 | — | — | 9,415 | ||||||||||||||||
Mortgage servicing rights | 382 | — | — | 382 | 382 | ||||||||||||||||
Bank owned life insurance | 28,797 | 28,797 | — | — | 28,797 | ||||||||||||||||
Financial liabilities: | |||||||||||||||||||||
Deposits | $ | 1,041,059 | $ | 406,890 | $ | — | $ | 638,510 | 1,045,400 | ||||||||||||
Short-term borrowings | 23,000 | 23,000 | — | — | 23,000 | ||||||||||||||||
Other borrowings | 129,260 | — | — | 124,504 | 124,504 | ||||||||||||||||
Advances by borrowers for taxes and insurance | 4,962 | 4,962 | — | — | 4,962 | ||||||||||||||||
Accrued interest payable | 833 | 833 | — | — | 833 |
Accumulated_Other_Comprehensiv1
Accumulated Other Comprehensive Income (Tables) (Reclassification Out of Accumulated Other Comprehensive Income [Member]) | 9 Months Ended | ||||||||||||
Jun. 30, 2014 | |||||||||||||
Reclassification Out of Accumulated Other Comprehensive Income [Member] | ' | ||||||||||||
Activity in Accumulated Other Comprehensive Income | ' | ||||||||||||
The activity in accumulated other comprehensive income for the three and nine months ended June 30, 2014 and 2013 is as follows: | |||||||||||||
Accumulated Other | |||||||||||||
Comprehensive Income/(Loss) | |||||||||||||
Defined Benefit | Unrealized Gains | Total | |||||||||||
Pension Plan | (Losses) on Securities | ||||||||||||
Available for Sale | |||||||||||||
Balance at March 31, 2014 | $ | (1,297 | ) | $ | (549 | ) | $ | (1,846 | ) | ||||
Other comprehensive income before reclassifications | — | 2,165 | 2,165 | ||||||||||
Amounts reclassified from accumulated other comprehensive income | 5 | 7 | 12 | ||||||||||
Period change | 5 | 2,172 | 2,177 | ||||||||||
Balance at June 30, 2014 | $ | (1,292 | ) | $ | 1,623 | $ | 331 | ||||||
Balance at March 31, 2013 | $ | (4,318 | ) | $ | 4,481 | $ | 163 | ||||||
Other comprehensive loss before reclassifications | — | (4,194 | ) | (4,194 | ) | ||||||||
Amounts reclassified from accumulated other comprehensive income | 65 | (7 | ) | 58 | |||||||||
Period change | 65 | (4,201 | ) | (4,136 | ) | ||||||||
Balance at June 30, 2013 | $ | (4,253 | ) | $ | 280 | $ | (3,973 | ) | |||||
Accumulated Other | |||||||||||||
Comprehensive Income/(Loss) | |||||||||||||
Defined Benefit | Unrealized Gains | Total | |||||||||||
Pension Plan | (Losses) on Securities | ||||||||||||
Available for Sale | |||||||||||||
Balance at September 30, 2013 | $ | (1,306 | ) | $ | 71 | $ | (1,235 | ) | |||||
Other comprehensive income before reclassifications | — | 1,701 | 1,701 | ||||||||||
Amounts reclassified from accumulated other comprehensive income | 14 | (149 | ) | (135 | ) | ||||||||
Period change | 14 | 1,552 | 1,566 | ||||||||||
Balance at June 30, 2014 | $ | (1,292 | ) | $ | 1,623 | $ | 331 | ||||||
Balance at September 30, 2012 | $ | (4,450 | ) | $ | 6,208 | $ | 1,758 | ||||||
Other comprehensive loss before reclassifications | — | (5,431 | ) | (5,431 | ) | ||||||||
Amounts reclassified from accumulated other comprehensive income | 194 | (494 | ) | (300 | ) | ||||||||
Period change | 194 | (5,925 | ) | (5,731 | ) | ||||||||
Balance at June 30, 2013 | $ | (4,256 | ) | $ | 283 | $ | (3,973 | ) | |||||
Amount Reclassified from | |||||||||||||
Accumulated Other Comprehensive Income | |||||||||||||
Accumulated Other | Affected Line Item in the Consolidated | ||||||||||||
Comprehensive Income for | Statement of Income | ||||||||||||
the Three Months Ended | |||||||||||||
June 30, | |||||||||||||
2014 | 2013 | ||||||||||||
Securities available for sale: | |||||||||||||
Net securities gains reclassified into earnings | $ | 10 | $ | (11 | ) | Gain on sale of investments, net | |||||||
Related income tax expense | (3 | ) | 4 | Provision for income taxes | |||||||||
Net effect on accumulated other comprehensive income for the period | 7 | (7 | ) | Net of tax | |||||||||
Defined benefit pension plan: | |||||||||||||
Amortization of net loss and prior service costs | 7 | 98 | Compensation and employee benefits | ||||||||||
Related income tax expense | $ | (2 | ) | $ | (33 | ) | Provision for income taxes | ||||||
Net effect on accumulated other | 5 | 65 | Net of tax | ||||||||||
Total reclassification for the period | $ | 12 | $ | 58 | Net of tax | ||||||||
Amount Reclassified from | |||||||||||||
Accumulated Other Comprehensive Income | |||||||||||||
Accumulated Other | Affected Line Item in the Consolidated | ||||||||||||
Comprehensive Income for | Statement of Income | ||||||||||||
the Nine months Ended | |||||||||||||
June 30, | |||||||||||||
2014 | 2013 | ||||||||||||
Securities available for sale: | |||||||||||||
Net securities gains reclassified into earnings | $ | (226 | ) | $ | (749 | ) | Gain on sale of investments, net | ||||||
Related income tax expense | 77 | 255 | Provision for income taxes | ||||||||||
Net effect on accumulated other comprehensive income for the period | (149 | ) | (494 | ) | Net of tax | ||||||||
Defined benefit pension plan: | |||||||||||||
Amortization of net loss and prior service costs | 21 | 294 | Compensation and employee benefits | ||||||||||
Related income tax expense | $ | (7 | ) | $ | (100 | ) | Provision for income taxes | ||||||
Net effect on accumulated other | 14 | 194 | Net of tax | ||||||||||
Total reclassification for the period | $ | (135 | ) | $ | (300 | ) | Net of tax |
Acquisitions_Tables
Acquisitions (Tables) | 9 Months Ended | ||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||
Franklin Security Bancorp, Inc. [Member] | ' | ||||||||||||||||
Condensed Statement Reflecting Values Assigned to Net Assets | ' | ||||||||||||||||
The following condensed statement reflects the values assigned to Franklin Security Bancorp, Inc.’s net assets as of the acquisitions date: | |||||||||||||||||
Total purchase price | $ | 15,698 | |||||||||||||||
Net assets acquired: | |||||||||||||||||
Cash | $ | (19,825 | ) | ||||||||||||||
Investments available for sale | 55,901 | ||||||||||||||||
Loans receivable | 152,188 | ||||||||||||||||
Regulatory stock | 1,569 | ||||||||||||||||
Premises and equipment, net | 176 | ||||||||||||||||
Foreclosed real estate | 436 | ||||||||||||||||
Intangible assets | 889 | ||||||||||||||||
Deferred tax assets | 1,031 | ||||||||||||||||
Other assets | 2,504 | ||||||||||||||||
Certificates of deposits | (90,869 | ) | |||||||||||||||
Deposits other than certificates of deposits | (71,317 | ) | |||||||||||||||
Borrowings | (30,177 | ) | |||||||||||||||
Other liabilities | (2,265 | ) | |||||||||||||||
Gain resulting from Franklin Security Bancorp, Inc. acquisition | $ | 241 | |||||||||||||||
Financial Information Regarding Former First Star Operations Included in Consolidated Statement of Income | ' | ||||||||||||||||
The following table presents financial information regarding the former Franklin operations included in the Consolidated Statement of Income from the date of acquisition through June 30, 2014 under column “Actual from acquisition date through June 30, 2014.” In addition, the following table presents unaudited pro forma information as if the acquisition of Franklin had occurred on October 1, 2012 under the “Pro Forma” columns. The table below has been prepared for comparative purposes only and is not necessarily indicative of the actual results that would have been attained had the acquisition occurred as of the beginning of the periods presented, nor is it indicative of future results. Furthermore, the unaudited pro forma information does not reflect management’s estimate of any revenue-enhancing opportunities nor anticipated cost savings as a result of the integration and consolidation of the acquisition. Merger and acquisition integration costs and amortization of fair value adjustments net of the related income tax effects are included in the amounts below, but any purchase gain has been excluded. | |||||||||||||||||
Actual From Acquisition Date | |||||||||||||||||
Through June 30, 2014 | |||||||||||||||||
(in thousands) | |||||||||||||||||
Net interest income | $ | 1,902 | |||||||||||||||
Non interest income | 107 | ||||||||||||||||
Net income | $ | 641 | |||||||||||||||
Pro Formas | |||||||||||||||||
Three months ended | Nine months ended | ||||||||||||||||
June 30, | June 30, | ||||||||||||||||
2014 | 2013 | 2014 | 2013 | ||||||||||||||
(in thousands, except per share data) | |||||||||||||||||
Net interest income | $ | 11,097 | $ | 11,267 | $ | 32,534 | $ | 34,791 | |||||||||
Non interest income | 2,100 | 1,915 | 5,605 | 6,850 | |||||||||||||
Net income | 2,385 | 2,036 | 4,471 | 7,184 | |||||||||||||
Pro forma earnings per share: | |||||||||||||||||
Basic | $ | 0.22 | $ | 0.18 | $ | 0.41 | $ | 0.61 | |||||||||
Diluted | $ | 0.22 | $ | 0.18 | $ | 0.41 | $ | 0.61 | |||||||||
FNCB Branch [Member] | ' | ||||||||||||||||
Condensed Statement Reflecting Values Assigned to Net Assets | ' | ||||||||||||||||
The following condensed statement reflects the values assigned to FNCB’s net assets as of the acquisitions date: | |||||||||||||||||
Total purchase price | $ | 4,460 | |||||||||||||||
Net assets acquired: | |||||||||||||||||
Cash | $ | 11 | |||||||||||||||
Loans receivable and accrued interest receivable | 1,033 | ||||||||||||||||
Premises and equipment, net | 1,626 | ||||||||||||||||
Certificates of deposits | (3,069 | ) | |||||||||||||||
Deposits other than certificates of deposits | (5,683 | ) | |||||||||||||||
6,082 | |||||||||||||||||
Goodwill resulting from FNCB purchase | $ | 1,442 | |||||||||||||||
Nature_of_Operations_and_Basis1
Nature of Operations and Basis of Presentation - Additional Information (Detail) | Jun. 30, 2014 |
Collaboration Arrangement Disclosure [Abstract] | ' |
Percentage ownership of wholly owned subsidiary | 100.00% |
Earnings_Per_Share_Composition
Earnings Per Share - Composition of the Weighted-Average Common Shares (Denominator) Used in the Basic and Diluted Earnings per Share Computation (Detail) | 3 Months Ended | 9 Months Ended | ||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | |
Earnings Per Share [Abstract] | ' | ' | ' | ' |
Weighted-average common shares outstanding | 18,133,095 | 18,162,764 | 18,133,095 | 18,142,984 |
Average treasury stock shares | -6,272,961 | -5,645,336 | -6,233,349 | -5,269,686 |
Average unearned ESOP shares | -1,012,790 | -1,058,066 | -1,024,151 | -1,069,427 |
Average unearned non-vested shares | -9,752 | -49,571 | -11,233 | -38,970 |
Average unearned non-vested shares | 10,837,592 | 11,409,791 | 10,864,362 | 11,764,901 |
Weighted average common shares and common stock equivalents used to calculate basic earnings per share | 10,837,592 | 11,409,791 | 10,864,362 | 11,764,901 |
Additional common stock equivalents (non-vested stock) used to calculate diluted earnings per share | ' | ' | ' | ' |
Additional common stock equivalents (stock options) used to calculate diluted earnings per share | ' | ' | ' | ' |
Weighted average common shares and common stock equivalents used to calculate diluted earnings per share | 10,837,592 | 11,409,791 | 10,864,362 | 11,764,901 |
Earnings_Per_Share_Additional_
Earnings Per Share - Additional Information (Detail) (USD $) | 9 Months Ended | |
Jun. 30, 2014 | Jun. 30, 2013 | |
Stock Option [Member] | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' |
Anti-dilutive securities | 1,458,379 | 1,458,379 |
Price per share of anti-dilutive shares | $12.35 | $12.35 |
Stock Compensation Plan [Member] | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' |
Anti-dilutive securities | 4,440 | 24,999 |
Price per share of anti-dilutive shares | $10.94 | $12.35 |
Investment_Securities_Summary_
Investment Securities - Summary of Amortized Cost and Fair Value of Investment Securities Available for Sale (Detail) (USD $) | Jun. 30, 2014 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | ||
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available for Sale, Amortized Cost | $372,565 | $315,515 |
Available for Sale, Gross Unrealized Gains | 5,594 | 4,361 |
Available for Sale, Gross Unrealized Losses | -3,135 | -4,254 |
Available for Sale, Fair Value | 375,024 | 315,622 |
Fannie Mae [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available for Sale, Amortized Cost | 141,678 | 114,927 |
Available for Sale, Gross Unrealized Gains | 1,991 | 1,691 |
Available for Sale, Gross Unrealized Losses | -1,230 | -1,595 |
Available for Sale, Fair Value | 142,439 | 115,023 |
Freddie Mac [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available for Sale, Amortized Cost | 80,805 | 60,111 |
Available for Sale, Gross Unrealized Gains | 813 | 838 |
Available for Sale, Gross Unrealized Losses | -1,017 | -1,252 |
Available for Sale, Fair Value | 80,601 | 59,697 |
Governmental National Mortgage Association [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available for Sale, Amortized Cost | 31,709 | 39,692 |
Available for Sale, Gross Unrealized Gains | 170 | 289 |
Available for Sale, Gross Unrealized Losses | -170 | -230 |
Available for Sale, Fair Value | 31,709 | 39,751 |
Other Mortgage-Backed Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available for Sale, Amortized Cost | 2,839 | 3,385 |
Available for Sale, Gross Unrealized Losses | -7 | -19 |
Available for Sale, Fair Value | 2,832 | 3,366 |
Total Mortgage-Backed Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available for Sale, Amortized Cost | 257,031 | 218,115 |
Available for Sale, Gross Unrealized Gains | 2,974 | 2,818 |
Available for Sale, Gross Unrealized Losses | -2,424 | -3,096 |
Available for Sale, Fair Value | 257,581 | 217,837 |
Obligations of States and Political Subdivisions [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available for Sale, Amortized Cost | 42,067 | 23,754 |
Available for Sale, Gross Unrealized Gains | 1,390 | 654 |
Available for Sale, Gross Unrealized Losses | -294 | -499 |
Available for Sale, Fair Value | 43,163 | 23,909 |
U.S. Government Agency Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available for Sale, Amortized Cost | 48,037 | 52,775 |
Available for Sale, Gross Unrealized Gains | 240 | 225 |
Available for Sale, Gross Unrealized Losses | -372 | -480 |
Available for Sale, Fair Value | 47,905 | 52,520 |
Corporate Obligations [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available for Sale, Amortized Cost | 13,169 | 12,756 |
Available for Sale, Gross Unrealized Gains | 262 | 186 |
Available for Sale, Gross Unrealized Losses | -26 | -169 |
Available for Sale, Fair Value | 13,405 | 12,773 |
Trust-Preferred Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available for Sale, Amortized Cost | 5,003 | 4,943 |
Available for Sale, Gross Unrealized Gains | 688 | 471 |
Available for Sale, Fair Value | 5,691 | 5,414 |
Other Debt Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available for Sale, Amortized Cost | 5,233 | 1,147 |
Available for Sale, Gross Unrealized Gains | 40 | 7 |
Available for Sale, Gross Unrealized Losses | -19 | ' |
Available for Sale, Fair Value | 5,254 | 1,154 |
Total Debt Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available for Sale, Amortized Cost | 370,540 | 313,490 |
Available for Sale, Gross Unrealized Gains | 5,594 | 4,361 |
Available for Sale, Gross Unrealized Losses | -3,135 | -4,244 |
Available for Sale, Fair Value | 372,999 | 313,607 |
Equity Securities-Financial Services [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available for Sale, Amortized Cost | 2,025 | 2,025 |
Available for Sale, Gross Unrealized Losses | ' | -10 |
Available for Sale, Fair Value | $2,025 | $2,015 |
Investment_Securities_Schedule
Investment Securities - Schedule of Amortized Cost and Fair Value of Debt Securities by Contractual Maturity (Detail) (USD $) | Jun. 30, 2014 |
In Thousands, unless otherwise specified | |
Available For Sale Securities Debt Maturities Amortized Cost [Abstract] | ' |
Due in one year or less, Amortized Cost | $2,130 |
Due after one year through five years, Amortized Cost | 47,511 |
Due after five years through ten years, Amortized Cost | 63,011 |
Due after ten years, Amortized Cost | 257,888 |
Total, Amortized Cost | 370,540 |
Due in one year or less, Fair Value | 2,144 |
Due after one year through five years, Fair value | 47,901 |
Due after five years through ten years, Fair Value | 63,750 |
Due after ten years, Fair value | 259,204 |
Total, Fair value | $372,999 |
Investment_Securities_Addition
Investment Securities - Additional Information (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | |
Amortized Cost And Fair Value Debt Securities [Abstract] | ' | ' | ' | ' |
Realized gross gains | ' | $11,000 | $247,000 | $767,000 |
Realized gross losses | 10,000 | ' | 21,000 | 18,000 |
Proceeds from the sale of investment securities | $100 | $23,000 | $8,100,000 | $39,200,000 |
Unrealized_Losses_on_Securitie2
Unrealized Losses on Securities - Schedule of Gross Unrealized Losses and Fair Value (Detail) (USD $) | Jun. 30, 2014 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | Security | Security |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Number of Securities | 78 | 82 |
Fair Value, Less than Twelve Months | $28,028 | $139,442 |
Gross Unrealized Losses, Less than Twelve Months | -124 | -4,247 |
Fair Value, Twelve Months or Greater | 105,886 | 2,056 |
Gross Unrealized Losses, Twelve Months or Greater | -3,011 | -7 |
Fair Value, Total | 133,914 | 141,498 |
Gross Unrealized Losses, Total | -3,135 | -4,254 |
Fannie Mae [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Number of Securities | 24 | 30 |
Fair Value, Less than Twelve Months | 6,381 | 47,814 |
Gross Unrealized Losses, Less than Twelve Months | -28 | -1,589 |
Fair Value, Twelve Months or Greater | 33,971 | 1,057 |
Gross Unrealized Losses, Twelve Months or Greater | -1,202 | -6 |
Fair Value, Total | 40,352 | 48,871 |
Gross Unrealized Losses, Total | -1,230 | -1,595 |
Freddie Mac [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Number of Securities | 23 | 20 |
Fair Value, Less than Twelve Months | 9,551 | 32,781 |
Gross Unrealized Losses, Less than Twelve Months | -49 | -1,252 |
Fair Value, Twelve Months or Greater | 30,409 | ' |
Gross Unrealized Losses, Twelve Months or Greater | -968 | ' |
Fair Value, Total | 39,960 | 32,781 |
Gross Unrealized Losses, Total | -1,017 | -1,252 |
Governmental National Mortgage Association [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Number of Securities | 6 | 6 |
Fair Value, Less than Twelve Months | 3,453 | 10,301 |
Gross Unrealized Losses, Less than Twelve Months | -11 | -230 |
Fair Value, Twelve Months or Greater | 6,245 | ' |
Gross Unrealized Losses, Twelve Months or Greater | -159 | ' |
Fair Value, Total | 9,698 | 10,301 |
Gross Unrealized Losses, Total | -170 | -230 |
Other Mortgage-Backed Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Number of Securities | 3 | 3 |
Fair Value, Less than Twelve Months | 547 | 3,366 |
Gross Unrealized Losses, Less than Twelve Months | -1 | -19 |
Fair Value, Twelve Months or Greater | 2,286 | ' |
Gross Unrealized Losses, Twelve Months or Greater | -6 | ' |
Fair Value, Total | 2,833 | 3,366 |
Gross Unrealized Losses, Total | -7 | -19 |
Obligations of States and Political Subdivisions [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Number of Securities | 5 | 7 |
Fair Value, Less than Twelve Months | ' | 8,064 |
Gross Unrealized Losses, Less than Twelve Months | ' | -499 |
Fair Value, Twelve Months or Greater | 7,186 | ' |
Gross Unrealized Losses, Twelve Months or Greater | -294 | ' |
Fair Value, Total | 7,186 | 8,064 |
Gross Unrealized Losses, Total | -294 | -499 |
U.S. Government Agency Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Number of Securities | 10 | 10 |
Fair Value, Less than Twelve Months | 4,004 | 30,084 |
Gross Unrealized Losses, Less than Twelve Months | -6 | -479 |
Fair Value, Twelve Months or Greater | 23,470 | 999 |
Gross Unrealized Losses, Twelve Months or Greater | -366 | -1 |
Fair Value, Total | 27,474 | 31,083 |
Gross Unrealized Losses, Total | -372 | -480 |
Corporate Obligations [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Number of Securities | 5 | 5 |
Fair Value, Less than Twelve Months | 1,990 | 5,042 |
Gross Unrealized Losses, Less than Twelve Months | -10 | -169 |
Fair Value, Twelve Months or Greater | 2,319 | ' |
Gross Unrealized Losses, Twelve Months or Greater | -16 | ' |
Fair Value, Total | 4,309 | 5,042 |
Gross Unrealized Losses, Total | -26 | -169 |
Other Debt Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Number of Securities | 2 | ' |
Fair Value, Less than Twelve Months | 2,102 | ' |
Gross Unrealized Losses, Less than Twelve Months | -19 | ' |
Fair Value, Total | 2,102 | ' |
Gross Unrealized Losses, Total | -19 | ' |
Equity Securities-Financial Services [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Number of Securities | ' | 1 |
Fair Value, Less than Twelve Months | ' | 1,990 |
Gross Unrealized Losses, Less than Twelve Months | ' | -10 |
Fair Value, Total | ' | 1,990 |
Gross Unrealized Losses, Total | ' | ($10) |
Loans_Receivable_Net_and_Allow2
Loans Receivable, Net and Allowance for Loan Losses - Summary of Loans Receivable (Detail) (USD $) | Jun. 30, 2014 | Mar. 31, 2014 | Sep. 30, 2013 | Jun. 30, 2013 | Apr. 01, 2013 | Sep. 30, 2012 |
In Thousands, unless otherwise specified | ||||||
Real Estate Loans: | ' | ' | ' | ' | ' | ' |
Total Loans | $1,058,961 | ' | $936,294 | ' | ' | ' |
Less allowance for loan losses | 8,836 | 8,662 | 8,064 | 8,184 | 7,671 | 7,302 |
Net loans | 1,050,125 | ' | 928,230 | ' | ' | ' |
First National Community Bank [Member] | ' | ' | ' | ' | ' | ' |
Real Estate Loans: | ' | ' | ' | ' | ' | ' |
Home equity loans and lines of credit | 1,030 | ' | ' | ' | ' | ' |
Franklin Security Bank [Member] | ' | ' | ' | ' | ' | ' |
Real Estate Loans: | ' | ' | ' | ' | ' | ' |
Home equity loans and lines of credit | 152,188 | ' | ' | ' | ' | ' |
Residential Real Estate Loans [Member] | ' | ' | ' | ' | ' | ' |
Real Estate Loans: | ' | ' | ' | ' | ' | ' |
Total Loans | 667,316 | ' | 686,651 | ' | ' | ' |
Less allowance for loan losses | 5,934 | 5,920 | 5,787 | 5,967 | 5,791 | 5,401 |
Residential Real Estate Loans [Member] | First National Community Bank [Member] | ' | ' | ' | ' | ' | ' |
Real Estate Loans: | ' | ' | ' | ' | ' | ' |
Home equity loans and lines of credit | 933 | ' | ' | ' | ' | ' |
Residential Real Estate Loans [Member] | Franklin Security Bank [Member] | ' | ' | ' | ' | ' | ' |
Real Estate Loans: | ' | ' | ' | ' | ' | ' |
Home equity loans and lines of credit | 17,151 | ' | ' | ' | ' | ' |
Construction Real Estate Loans [Member] | ' | ' | ' | ' | ' | ' |
Real Estate Loans: | ' | ' | ' | ' | ' | ' |
Total Loans | 1,800 | ' | 2,288 | ' | ' | ' |
Less allowance for loan losses | 24 | 26 | 20 | 44 | 28 | 29 |
Commercial Real Estate Loans [Member] | ' | ' | ' | ' | ' | ' |
Real Estate Loans: | ' | ' | ' | ' | ' | ' |
Total Loans | 188,343 | ' | 159,469 | ' | ' | ' |
Less allowance for loan losses | 581 | 1,003 | 946 | 1,025 | 837 | 699 |
Commercial Real Estate Loans [Member] | Franklin Security Bank [Member] | ' | ' | ' | ' | ' | ' |
Real Estate Loans: | ' | ' | ' | ' | ' | ' |
Home equity loans and lines of credit | 38,247 | ' | ' | ' | ' | ' |
Commercial Loans [Member] | ' | ' | ' | ' | ' | ' |
Real Estate Loans: | ' | ' | ' | ' | ' | ' |
Total Loans | 23,331 | ' | 10,125 | ' | ' | ' |
Less allowance for loan losses | 593 | 369 | 337 | 361 | 350 | 474 |
Commercial Loans [Member] | Franklin Security Bank [Member] | ' | ' | ' | ' | ' | ' |
Real Estate Loans: | ' | ' | ' | ' | ' | ' |
Home equity loans and lines of credit | 9,308 | ' | ' | ' | ' | ' |
Obligations of States and Political Subdivisions [Member] | ' | ' | ' | ' | ' | ' |
Real Estate Loans: | ' | ' | ' | ' | ' | ' |
Total Loans | 50,096 | ' | 33,445 | ' | ' | ' |
Less allowance for loan losses | 116 | 106 | 130 | 113 | 106 | 127 |
Obligations of States and Political Subdivisions [Member] | Franklin Security Bank [Member] | ' | ' | ' | ' | ' | ' |
Real Estate Loans: | ' | ' | ' | ' | ' | ' |
Home equity loans and lines of credit | 7,309 | ' | ' | ' | ' | ' |
Home Equity Loans and Lines of Credit [Member] | ' | ' | ' | ' | ' | ' |
Real Estate Loans: | ' | ' | ' | ' | ' | ' |
Total Loans | 40,866 | ' | 41,923 | ' | ' | ' |
Less allowance for loan losses | 473 | 500 | 430 | 596 | 496 | 499 |
Home Equity Loans and Lines of Credit [Member] | First National Community Bank [Member] | ' | ' | ' | ' | ' | ' |
Real Estate Loans: | ' | ' | ' | ' | ' | ' |
Home equity loans and lines of credit | 77 | ' | ' | ' | ' | ' |
Home Equity Loans and Lines of Credit [Member] | Franklin Security Bank [Member] | ' | ' | ' | ' | ' | ' |
Real Estate Loans: | ' | ' | ' | ' | ' | ' |
Home equity loans and lines of credit | 16 | ' | ' | ' | ' | ' |
Auto Loans [Member] | ' | ' | ' | ' | ' | ' |
Real Estate Loans: | ' | ' | ' | ' | ' | ' |
Total Loans | 83,619 | ' | 61 | ' | ' | ' |
Less allowance for loan losses | 56 | ' | ' | ' | ' | ' |
Auto Loans [Member] | Franklin Security Bank [Member] | ' | ' | ' | ' | ' | ' |
Real Estate Loans: | ' | ' | ' | ' | ' | ' |
Home equity loans and lines of credit | 78,794 | ' | ' | ' | ' | ' |
Other [Member] | ' | ' | ' | ' | ' | ' |
Real Estate Loans: | ' | ' | ' | ' | ' | ' |
Total Loans | 3,590 | ' | 2,332 | ' | ' | ' |
Less allowance for loan losses | 26 | 26 | 21 | 20 | 19 | 22 |
Other [Member] | First National Community Bank [Member] | ' | ' | ' | ' | ' | ' |
Real Estate Loans: | ' | ' | ' | ' | ' | ' |
Home equity loans and lines of credit | 20 | ' | ' | ' | ' | ' |
Other [Member] | Franklin Security Bank [Member] | ' | ' | ' | ' | ' | ' |
Real Estate Loans: | ' | ' | ' | ' | ' | ' |
Home equity loans and lines of credit | $1,363 | ' | ' | ' | ' | ' |
Loans_Receivable_Net_and_Allow3
Loans Receivable, Net and Allowance for Loan Losses - Schedule of Loans Evaluated for Impairment (Detail) (USD $) | Jun. 30, 2014 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | $1,058,961 | $936,294 |
Individually Evaluated for Impairment | 31,761 | 30,095 |
Loans Acquired with Deteriorated Credit Quality | 5,553 | 7,131 |
Collectively Evaluated for Impairment | 1,021,647 | 899,068 |
Residential Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | 667,316 | 686,651 |
Individually Evaluated for Impairment | 13,093 | 14,018 |
Loans Acquired with Deteriorated Credit Quality | 109 | 271 |
Collectively Evaluated for Impairment | 654,114 | 672,362 |
Construction Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | 1,800 | 2,288 |
Collectively Evaluated for Impairment | 1,800 | 2,288 |
Commercial Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | 188,343 | 159,469 |
Individually Evaluated for Impairment | 17,912 | 15,478 |
Loans Acquired with Deteriorated Credit Quality | 5,151 | 6,355 |
Collectively Evaluated for Impairment | 165,280 | 137,636 |
Commercial Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | 23,331 | 10,125 |
Individually Evaluated for Impairment | 536 | 220 |
Loans Acquired with Deteriorated Credit Quality | 293 | 502 |
Collectively Evaluated for Impairment | 22,502 | 9,403 |
Obligations of States and Political Subdivisions [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | 50,096 | 33,445 |
Collectively Evaluated for Impairment | 50,096 | 33,445 |
Home Equity Loans and Lines of Credit [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | 40,866 | 41,923 |
Individually Evaluated for Impairment | 220 | 379 |
Loans Acquired with Deteriorated Credit Quality | ' | 3 |
Collectively Evaluated for Impairment | 40,646 | 41,541 |
Auto Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | 83,619 | 61 |
Collectively Evaluated for Impairment | 83,619 | 61 |
Other [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total Loans | 3,590 | 2,332 |
Collectively Evaluated for Impairment | $3,590 | $2,332 |
Loans_Receivable_Net_and_Allow4
Loans Receivable, Net and Allowance for Loan Losses - Schedule of Investment and Unpaid Principal Balances for Impaired Loans (Detail) (USD $) | 9 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Jun. 30, 2014 | Sep. 30, 2013 |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment | $37,314 | $37,226 |
Unpaid Principal Balance | 41,250 | 41,084 |
Associated Allowance | 664 | 819 |
Average Recorded Investment | 37,194 | 37,386 |
Interest Income Recognized | 927 | 860 |
With no Specific Allowance Recorded [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment | 31,776 | 31,066 |
Unpaid Principal Balance | 35,100 | 34,685 |
Average Recorded Investment | 31,856 | 31,892 |
Interest Income Recognized | 848 | 786 |
With an Allowance Recorded [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment | 5,538 | 6,160 |
Unpaid Principal Balance | 6,150 | 6,399 |
Associated Allowance | 664 | 819 |
Average Recorded Investment | 5,338 | 5,494 |
Interest Income Recognized | 79 | 74 |
Residential Real Estate Loans [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment | 13,202 | 14,289 |
Unpaid Principal Balance | 15,861 | 16,234 |
Associated Allowance | 531 | 518 |
Average Recorded Investment | 12,991 | 12,371 |
Interest Income Recognized | 321 | 233 |
Residential Real Estate Loans [Member] | With no Specific Allowance Recorded [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment | 8,512 | 11,251 |
Unpaid Principal Balance | 10,603 | 13,013 |
Average Recorded Investment | 9,566 | 9,716 |
Interest Income Recognized | 242 | 159 |
Residential Real Estate Loans [Member] | With an Allowance Recorded [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment | 4,690 | 3,038 |
Unpaid Principal Balance | 5,258 | 3,221 |
Associated Allowance | 531 | 518 |
Average Recorded Investment | 3,425 | 2,655 |
Interest Income Recognized | 79 | 74 |
Commercial Real Estate Loans [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment | 23,063 | 21,833 |
Unpaid Principal Balance | 24,052 | 23,436 |
Associated Allowance | 96 | 301 |
Average Recorded Investment | 22,137 | 23,590 |
Interest Income Recognized | 553 | 615 |
Commercial Real Estate Loans [Member] | With no Specific Allowance Recorded [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment | 22,252 | 18,711 |
Unpaid Principal Balance | 23,205 | 20,258 |
Average Recorded Investment | 20,241 | 20,751 |
Interest Income Recognized | 553 | 615 |
Commercial Real Estate Loans [Member] | With an Allowance Recorded [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment | 811 | 3,122 |
Unpaid Principal Balance | 847 | 3,178 |
Associated Allowance | 96 | 301 |
Average Recorded Investment | 1,896 | 2,839 |
Commercial Loans [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment | 829 | 722 |
Unpaid Principal Balance | 834 | 731 |
Average Recorded Investment | 1,764 | 1,034 |
Interest Income Recognized | 49 | 9 |
Commercial Loans [Member] | With no Specific Allowance Recorded [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment | 829 | 722 |
Unpaid Principal Balance | 834 | 731 |
Average Recorded Investment | 1,764 | 1,034 |
Interest Income Recognized | 49 | 9 |
Home Equity Loans and Lines of Credit [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment | 220 | 382 |
Unpaid Principal Balance | 503 | 683 |
Associated Allowance | 37 | ' |
Average Recorded Investment | 302 | 373 |
Interest Income Recognized | 4 | 3 |
Home Equity Loans and Lines of Credit [Member] | With no Specific Allowance Recorded [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment | 183 | 382 |
Unpaid Principal Balance | 458 | 683 |
Average Recorded Investment | 285 | 373 |
Interest Income Recognized | 4 | 3 |
Home Equity Loans and Lines of Credit [Member] | With an Allowance Recorded [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment | 37 | ' |
Unpaid Principal Balance | 45 | ' |
Associated Allowance | 37 | ' |
Average Recorded Investment | 17 | ' |
Other [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Average Recorded Investment | ' | 18 |
Other [Member] | With no Specific Allowance Recorded [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Average Recorded Investment | ' | $18 |
Loans_Receivable_Net_and_Allow5
Loans Receivable, Net and Allowance for Loan Losses - Additional Information (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | |
Receivables [Abstract] | ' | ' | ' | ' |
Criteria in internal rating system | ' | ' | 'Ten point | ' |
Categories considered as not criticized | ' | ' | 'Six | ' |
Days past due over which loans are considered as substandard | ' | ' | '90 days | ' |
Minimum internal review amount | $250,000 | ' | $250,000 | ' |
Minimum external review amount | 500,000 | ' | 500,000 | ' |
Troubled debt restructurings granted terms concession | 28,000 | 336,000 | 607,000 | 410,000 |
Troubled debt restructurings granted terms and rate concession | 208,000 | 751,000 | 883,000 | 1,300,000 |
Troubled debt restructurings that have subsequently defaulted within one year of modification | $0 | $0 | $0 | $0 |
Loans_Receivable_Net_and_Allow6
Loans Receivable, Net and Allowance for Loan Losses - Classes of Loan Portfolio, Internal Risk Rating System (Detail) (USD $) | Jun. 30, 2014 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loan, total | $261,770 | $203,039 |
Commercial Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loan, total | 188,343 | 159,469 |
Commercial Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loan, total | 23,331 | 10,125 |
Obligations of States and Political Subdivisions [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loan, total | 50,096 | 33,445 |
Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loan, total | 229,750 | 172,710 |
Pass [Member] | Commercial Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loan, total | 157,359 | 129,799 |
Pass [Member] | Commercial Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loan, total | 22,295 | 9,466 |
Pass [Member] | Obligations of States and Political Subdivisions [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loan, total | 50,096 | 33,445 |
Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loan, total | 8,951 | 9,876 |
Special Mention [Member] | Commercial Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loan, total | 8,576 | 9,440 |
Special Mention [Member] | Commercial Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loan, total | 375 | 436 |
Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loan, total | 22,767 | 20,453 |
Substandard [Member] | Commercial Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loan, total | 22,106 | 20,230 |
Substandard [Member] | Commercial Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loan, total | 661 | 223 |
Doubtful [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loan, total | 302 | ' |
Doubtful [Member] | Commercial Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Loan, total | $302 | ' |
Loans_Receivable_Net_and_Allow7
Loans Receivable, Net and Allowance for Loan Losses - Schedule of Performing or Non-Performing Loans (Detail) (USD $) | Jun. 30, 2014 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | $797,191 | $733,255 |
Residential Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 667,316 | 686,651 |
Construction Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 1,800 | 2,288 |
Home Equity Loans and Lines of Credit [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 40,866 | 41,923 |
Auto Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 83,619 | 61 |
Other [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 3,590 | 2,332 |
Performing [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 786,477 | 721,971 |
Performing [Member] | Residential Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 656,893 | 675,706 |
Performing [Member] | Construction Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 1,800 | 2,288 |
Performing [Member] | Home Equity Loans and Lines of Credit [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 40,613 | 41,584 |
Performing [Member] | Auto Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 83,594 | 61 |
Performing [Member] | Other [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 3,577 | 2,332 |
Non-Performing [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 10,714 | 11,284 |
Non-Performing [Member] | Residential Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 10,423 | 10,945 |
Non-Performing [Member] | Home Equity Loans and Lines of Credit [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 253 | 339 |
Non-Performing [Member] | Auto Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | 25 | ' |
Non-Performing [Member] | Other [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Total | $13 | ' |
Loans_Receivable_Net_and_Allow8
Loans Receivable, Net and Allowance for Loan Losses - Classes of the Loan Portfolio Summarized by the Aging Categories (Detail) (USD $) | Jun. 30, 2014 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | $1,030,311 | $906,309 |
31-60 Days Past Due | 4,765 | 5,639 |
61-90 Days Past Due | 955 | 1,067 |
Greater than 90 Days Past Due and still accruing | ' | ' |
Non-Accrual | 22,930 | 23,279 |
Total Past Due and Non-Accrual | 28,650 | 29,985 |
Total Loans | 1,058,961 | 936,294 |
Residential Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | 652,247 | 671,850 |
31-60 Days Past Due | 3,857 | 2,866 |
61-90 Days Past Due | 789 | 990 |
Greater than 90 Days Past Due and still accruing | ' | ' |
Non-Accrual | 10,423 | 10,945 |
Total Past Due and Non-Accrual | 15,069 | 14,801 |
Total Loans | 667,316 | 686,651 |
Construction Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | 1,800 | 2,288 |
Greater than 90 Days Past Due and still accruing | ' | ' |
Total Loans | 1,800 | 2,288 |
Commercial Real Estate Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | 177,162 | 146,062 |
31-60 Days Past Due | 283 | 2,589 |
Greater than 90 Days Past Due and still accruing | ' | ' |
Non-Accrual | 10,898 | 10,818 |
Total Past Due and Non-Accrual | 11,181 | 13,407 |
Total Loans | 188,343 | 159,469 |
Commercial Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | 21,682 | 8,948 |
31-60 Days Past Due | 204 | ' |
61-90 Days Past Due | 127 | ' |
Greater than 90 Days Past Due and still accruing | ' | ' |
Non-Accrual | 1,318 | 1,177 |
Total Past Due and Non-Accrual | 1,649 | 1,177 |
Total Loans | 23,331 | 10,125 |
Obligations of States and Political Subdivisions [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | 50,077 | 33,445 |
31-60 Days Past Due | 19 | ' |
Greater than 90 Days Past Due and still accruing | ' | ' |
Total Past Due and Non-Accrual | 19 | ' |
Total Loans | 50,096 | 33,445 |
Home Equity Loans and Lines of Credit [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | 40,514 | 41,380 |
31-60 Days Past Due | 69 | 127 |
61-90 Days Past Due | 30 | 77 |
Greater than 90 Days Past Due and still accruing | ' | ' |
Non-Accrual | 253 | 339 |
Total Past Due and Non-Accrual | 352 | 543 |
Total Loans | 40,866 | 41,923 |
Auto Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | 83,312 | 61 |
31-60 Days Past Due | 282 | ' |
Greater than 90 Days Past Due and still accruing | ' | ' |
Non-Accrual | 25 | ' |
Total Past Due and Non-Accrual | 307 | ' |
Total Loans | 83,619 | 61 |
Other [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | 3,517 | 2,275 |
31-60 Days Past Due | 51 | 57 |
61-90 Days Past Due | 9 | ' |
Greater than 90 Days Past Due and still accruing | ' | ' |
Non-Accrual | 13 | ' |
Total Past Due and Non-Accrual | 73 | 57 |
Total Loans | $3,590 | $2,332 |
Loans_Receivable_Net_and_Allow9
Loans Receivable, Net and Allowance for Loan Losses - Summary of Primary Segments of ALL (Detail) (USD $) | 3 Months Ended | 9 Months Ended | |||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Sep. 30, 2013 |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Balance, Beginning of period | $8,662 | $7,671 | $8,064 | $7,302 | ' |
Charge-offs | -365 | -599 | -1,449 | -2,129 | ' |
Recoveries | 39 | 12 | 221 | 61 | ' |
Provision | 500 | 1,100 | 2,000 | 2,950 | ' |
Balance, End of period | 8,836 | 8,184 | 8,836 | 8,184 | ' |
Individually evaluated for impairment | 664 | ' | 664 | ' | 819 |
Collectively evaluated for impairment | 8,172 | ' | 8,172 | ' | 7,245 |
Balance, End of period | 8,836 | 8,184 | 8,836 | 8,184 | ' |
Residential Real Estate Loans [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Balance, Beginning of period | 5,920 | 5,791 | 5,787 | 5,401 | ' |
Charge-offs | -332 | -509 | -1,255 | -1,752 | ' |
Recoveries | 34 | 9 | 112 | 50 | ' |
Provision | 312 | 676 | 1,290 | 2,268 | ' |
Balance, End of period | 5,934 | 5,967 | 5,934 | 5,967 | ' |
Individually evaluated for impairment | 531 | ' | 531 | ' | 518 |
Collectively evaluated for impairment | 5,403 | ' | 5,403 | ' | 5,269 |
Balance, End of period | 5,934 | 5,967 | 5,934 | 5,967 | ' |
Construction Real Estate Loans [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Balance, Beginning of period | 26 | 28 | 20 | 29 | ' |
Provision | -2 | 16 | 4 | 15 | ' |
Balance, End of period | 24 | 44 | 24 | 44 | ' |
Collectively evaluated for impairment | 24 | ' | 24 | ' | 20 |
Balance, End of period | 24 | 44 | 24 | 44 | ' |
Commercial Real Estate Loans [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Balance, Beginning of period | 1,003 | 837 | 946 | 699 | ' |
Charge-offs | -23 | -74 | -73 | -288 | ' |
Recoveries | ' | ' | 83 | 2 | ' |
Provision | -399 | 262 | -375 | 612 | ' |
Balance, End of period | 581 | 1,025 | 581 | 1,025 | ' |
Individually evaluated for impairment | 96 | ' | 96 | ' | 301 |
Collectively evaluated for impairment | 485 | ' | 485 | ' | 645 |
Balance, End of period | 581 | 1,025 | 581 | 1,025 | ' |
Commercial Loans [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Balance, Beginning of period | 369 | 350 | 337 | 474 | ' |
Charge-offs | ' | -16 | -48 | -16 | ' |
Recoveries | 2 | ' | 14 | ' | ' |
Provision | 222 | 27 | 290 | -97 | ' |
Balance, End of period | 593 | 361 | 593 | 361 | ' |
Collectively evaluated for impairment | 593 | ' | 593 | ' | 337 |
Balance, End of period | 593 | 361 | 593 | 361 | ' |
Obligations of States and Political Subdivisions [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Balance, Beginning of period | 106 | 106 | 130 | 127 | ' |
Provision | 10 | 7 | -14 | -14 | ' |
Balance, End of period | 116 | 113 | 116 | 113 | ' |
Collectively evaluated for impairment | 116 | ' | 116 | ' | 130 |
Balance, End of period | 116 | 113 | 116 | 113 | ' |
Home Equity Loans and Lines of Credit [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Balance, Beginning of period | 500 | 496 | 430 | 499 | ' |
Charge-offs | -10 | ' | -73 | -67 | ' |
Recoveries | ' | 3 | ' | 9 | ' |
Provision | -17 | 97 | 116 | 155 | ' |
Balance, End of period | 473 | 596 | 473 | 596 | ' |
Individually evaluated for impairment | 37 | ' | 37 | ' | ' |
Collectively evaluated for impairment | 436 | ' | 436 | ' | 430 |
Balance, End of period | 473 | 596 | 473 | 596 | ' |
Auto Loans [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Provision | 56 | ' | 56 | ' | ' |
Balance, End of period | 56 | ' | 56 | ' | ' |
Collectively evaluated for impairment | 56 | ' | 56 | ' | ' |
Balance, End of period | 56 | ' | 56 | ' | ' |
Other [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Balance, Beginning of period | 26 | 19 | 21 | 22 | ' |
Charge-offs | ' | ' | ' | -6 | ' |
Recoveries | 3 | ' | 12 | ' | ' |
Provision | -3 | 1 | -7 | 4 | ' |
Balance, End of period | 26 | 20 | 26 | 20 | ' |
Collectively evaluated for impairment | 26 | ' | 26 | ' | 21 |
Balance, End of period | 26 | 20 | 26 | 20 | ' |
Unallocated [Member] | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' |
Balance, Beginning of period | 712 | 44 | 393 | 51 | ' |
Provision | 321 | 14 | 640 | 7 | ' |
Balance, End of period | 1,033 | 58 | 1,033 | 58 | ' |
Collectively evaluated for impairment | 1,033 | ' | 1,033 | ' | 393 |
Balance, End of period | $1,033 | $58 | $1,033 | $58 | ' |
Recovered_Sheet1
Loans Receivable, Net and Allowance for Loan Losses - Summary of Troubled Debt Restructuring Granted (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Contract | Contract | Contract | Contract | |
Real Estate Loans [Member] | Residential [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Number of Contracts | 2 | 8 | 9 | 12 |
Pre-Modification Outstanding Recorded Investment | $236 | $989 | $1,293 | $1,589 |
Post-Modification Outstanding Recorded Investment | 236 | 989 | 1,293 | 1,589 |
Real Estate Loans [Member] | Commercial [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Number of Contracts | ' | ' | 1 | ' |
Pre-Modification Outstanding Recorded Investment | ' | ' | 197 | ' |
Post-Modification Outstanding Recorded Investment | ' | ' | 197 | ' |
Home Equity Loans and Lines of Credit [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Number of Contracts | ' | 1 | ' | 1 |
Pre-Modification Outstanding Recorded Investment | ' | 98 | ' | 98 |
Post-Modification Outstanding Recorded Investment | ' | 98 | ' | 98 |
Troubled Debt Restructurings [Member] | ' | ' | ' | ' |
Financing Receivable, Modifications [Line Items] | ' | ' | ' | ' |
Number of Contracts | 2 | 9 | 10 | 13 |
Pre-Modification Outstanding Recorded Investment | 236 | 1,087 | 1,490 | 1,687 |
Post-Modification Outstanding Recorded Investment | $236 | $1,087 | $1,490 | $1,687 |
Deposits_Schedule_of_Deposits_
Deposits - Schedule of Deposits by Major Classifications (Detail) (USD $) | Jun. 30, 2014 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | ||
Banking And Thrift [Abstract] | ' | ' |
Non-interest bearing demand accounts | $70,980 | $58,795 |
NOW accounts | 120,939 | 99,857 |
Money market accounts | 178,263 | 138,049 |
Savings and club accounts | 124,812 | 110,189 |
Certificates of deposit | 648,101 | 634,169 |
Total | $1,143,095 | $1,041,059 |
Net_Periodic_Benefit_CostDefin2
Net Periodic Benefit Cost-Defined Benefit Plan - Components of Net Periodic Benefit Cost (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Compensation And Retirement Disclosure [Abstract] | ' | ' | ' | ' |
Service Cost | $144 | $175 | $433 | $526 |
Interest Cost | 191 | 179 | 572 | 537 |
Expected return on plan assets | -290 | -259 | -871 | -776 |
Amortization of unrecognized loss | 7 | 98 | 21 | 294 |
Net periodic benefit cost | $52 | $193 | $155 | $581 |
Net_Periodic_Benefit_CostDefin3
Net Periodic Benefit Cost-Defined Benefit Plan - Additional Information (Detail) (USD $) | 1 Months Ended |
31-May-14 | |
Compensation And Retirement Disclosure [Abstract] | ' |
Contribution of bank | $550,000 |
Equity_Incentive_Plan_Addition
Equity Incentive Plan - Additional Information (Detail) (USD $) | 9 Months Ended | 9 Months Ended | 0 Months Ended | 9 Months Ended | 0 Months Ended | ||||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2014 | Apr. 01, 2013 | 23-May-08 | Jun. 30, 2014 | 23-May-08 | 23-May-08 | |
Equity Incentive Plan [Member] | Stock Option [Member] | Restricted Stock [Member] | Restricted Stock [Member] | Restricted Stock [Member] | Non Qualified Stock Option [Member] | Incentive Stock Option [Member] | |||
Compensation Related Costs Disclosure [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock issuance, grant | ' | ' | 2,377,326 | ' | ' | ' | ' | ' | ' |
Number of available shares | ' | ' | ' | 1,698,090 | ' | ' | 679,236 | ' | ' |
Shares granted | ' | ' | ' | ' | ' | 590,320 | ' | 1,140,469 | 317,910 |
Number of shares of restricted stock granted to officers | 0 | ' | ' | ' | 30,000 | ' | ' | ' | ' |
Option vesting period (in years) | '5 years | ' | ' | ' | ' | ' | ' | ' | ' |
Option expiration date (in years) | '10 years | ' | ' | ' | ' | ' | ' | ' | ' |
Restricted shares vesting period | '5 years | ' | ' | ' | ' | ' | '18 months | ' | ' |
Share-based compensation expense | $170,000 | $1,461,000 | ' | ' | ' | ' | ' | ' | ' |
Restricted stock expense | 170,000 | 1,000,000 | ' | ' | ' | ' | ' | ' | ' |
Stock option expense | ' | 458,000 | ' | ' | ' | ' | ' | ' | ' |
Outstanding nonvested restricted stock | ' | ' | ' | ' | ' | ' | 13,334 | ' | ' |
Expected future expense | ' | ' | ' | ' | ' | ' | $49,000 | ' | ' |
Remaining vesting period | ' | ' | ' | ' | ' | ' | '3 months | ' | ' |
Equity_Incentive_Plan_Schedule
Equity Incentive Plan - Schedule of Stock Option Activity (Detail) (USD $) | 9 Months Ended | 12 Months Ended |
Jun. 30, 2014 | Dec. 31, 2013 | |
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract] | ' | ' |
Number of Stock Options, Outstanding, Beginning Balance | 1,458,379 | ' |
Number of Stock Options, Granted | 0 | ' |
Number of Stock Options, Exercised | 0 | ' |
Number of Stock Options, Forfeited | 0 | ' |
Number of Stock Options, Outstanding, Ending Balance | 1,458,379 | ' |
Number of Stock Options, Exercisable , Ending Balance | 1,458,379 | ' |
Weighted-average Exercise Price, Outstanding, Beginning Balance | $12.35 | ' |
Weighted-average Exercise Price, Granted | $0 | ' |
Weighted-average Exercise Price, Exercised | $0 | ' |
Weighted-average Exercise Price, Forfeited | $0 | ' |
Weighted-average Exercise Price, Outstanding, Ending Balance | $12.35 | ' |
Weighted-average Exercise Price, Exercisable, Ending Balance | $12.35 | ' |
Weighted-average Remaining Contractual Term (in years), Outstanding | '3 years 10 months 24 days | '4 years 8 months 1 day |
Weighted-average Remaining Contractual Term (in years), Exercisable, Ending Balance | '3 years 10 months 24 days | ' |
Aggregate Intrinsic Value, Outstanding, Beginning Balance | ' | ' |
Aggregate Intrinsic Value, Granted | ' | ' |
Aggregate Intrinsic Value, Exercised | ' | ' |
Aggregate Intrinsic Value, Forfeited | ' | ' |
Aggregate Intrinsic Value, Outstanding, Ending Balance | ' | ' |
Aggregate Intrinsic Value, Exercisable at year-end | ' | ' |
Equity_Incentive_Plan_Schedule1
Equity Incentive Plan - Schedule of Restricted Stock Option Activity (Detail) (USD $) | 0 Months Ended | 9 Months Ended |
Apr. 01, 2013 | Jun. 30, 2014 | |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Number of Restricted Stock, Granted | ' | 0 |
Number of Restricted Stock, Forfeited | ' | 0 |
Weighted-average Grant Date Fair Value, Forfeited | ' | $0 |
Restricted Stock [Member] | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' |
Number of Restricted Stock, Nonvested, Beginning balance | ' | 14,995 |
Number of Restricted Stock, Granted | 30,000 | ' |
Number of Restricted Stock, Vested | ' | 1,661 |
Number of Restricted Stock, Forfeited | ' | ' |
Number of Restricted Stock, Nonvested, Ending balance | ' | 13,334 |
Weighted-average Grant Date Fair Value, Nonvested, Beginning balance | ' | $10.94 |
Weighted-average Grant Date Fair Value, Granted | ' | ' |
Weighted-average Grant Date Fair Value, Vested | ' | $10.94 |
Weighted-average Grant Date Fair Value, Forfeited | ' | ' |
Weighted-average Grant Date Fair Value, Nonvested, Ending balance | ' | $10.94 |
Fair_Value_Measurement_Schedul
Fair Value Measurement - Schedule of Securities, Other Real Estate Owned and Impaired Loans Measured at Fair Value (Detail) (USD $) | Jun. 30, 2014 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | ||
Securities available-for-sale measured on a recurring basis | ' | ' |
Total debt and equity securities | $375,024 | $315,622 |
Foreclosed real estate owned measured on a non-recurring basis | 2,967 | 2,111 |
Impaired loans measured on a non-recurring basis | 36,650 | 36,407 |
Total Mortgage-Backed Securities [Member] | ' | ' |
Securities available-for-sale measured on a recurring basis | ' | ' |
Total debt and equity securities | 257,581 | 217,837 |
Obligations of States and Political Subdivisions [Member] | ' | ' |
Securities available-for-sale measured on a recurring basis | ' | ' |
Total debt and equity securities | 43,163 | 23,909 |
U.S. Government Agency Securities [Member] | ' | ' |
Securities available-for-sale measured on a recurring basis | ' | ' |
Total debt and equity securities | 47,905 | 52,520 |
Corporate Obligations [Member] | ' | ' |
Securities available-for-sale measured on a recurring basis | ' | ' |
Total debt and equity securities | 13,405 | 12,773 |
Trust-Preferred Securities [Member] | ' | ' |
Securities available-for-sale measured on a recurring basis | ' | ' |
Total debt and equity securities | 5,691 | 5,414 |
Other Debt Securities [Member] | ' | ' |
Securities available-for-sale measured on a recurring basis | ' | ' |
Total debt and equity securities | 5,254 | 1,154 |
Equity Securities-Financial Services [Member] | ' | ' |
Securities available-for-sale measured on a recurring basis | ' | ' |
Total debt and equity securities | 2,025 | 2,015 |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ' | ' |
Securities available-for-sale measured on a recurring basis | ' | ' |
Total debt and equity securities | 2,025 | 2,015 |
Foreclosed real estate owned measured on a non-recurring basis | ' | ' |
Impaired loans measured on a non-recurring basis | ' | ' |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Total Mortgage-Backed Securities [Member] | ' | ' |
Securities available-for-sale measured on a recurring basis | ' | ' |
Total debt and equity securities | ' | 0 |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Obligations of States and Political Subdivisions [Member] | ' | ' |
Securities available-for-sale measured on a recurring basis | ' | ' |
Total debt and equity securities | ' | 0 |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | U.S. Government Agency Securities [Member] | ' | ' |
Securities available-for-sale measured on a recurring basis | ' | ' |
Total debt and equity securities | ' | 0 |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Corporate Obligations [Member] | ' | ' |
Securities available-for-sale measured on a recurring basis | ' | ' |
Total debt and equity securities | ' | 0 |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Trust-Preferred Securities [Member] | ' | ' |
Securities available-for-sale measured on a recurring basis | ' | ' |
Total debt and equity securities | ' | 0 |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Other Debt Securities [Member] | ' | ' |
Securities available-for-sale measured on a recurring basis | ' | ' |
Total debt and equity securities | ' | 0 |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Equity Securities-Financial Services [Member] | ' | ' |
Securities available-for-sale measured on a recurring basis | ' | ' |
Total debt and equity securities | 2,025 | 2,015 |
Significant Other Observable Inputs (Level 2) [Member] | ' | ' |
Securities available-for-sale measured on a recurring basis | ' | ' |
Total debt and equity securities | 371,169 | 311,807 |
Foreclosed real estate owned measured on a non-recurring basis | ' | ' |
Impaired loans measured on a non-recurring basis | ' | ' |
Significant Other Observable Inputs (Level 2) [Member] | Total Mortgage-Backed Securities [Member] | ' | ' |
Securities available-for-sale measured on a recurring basis | ' | ' |
Total debt and equity securities | 257,581 | 217,837 |
Significant Other Observable Inputs (Level 2) [Member] | Obligations of States and Political Subdivisions [Member] | ' | ' |
Securities available-for-sale measured on a recurring basis | ' | ' |
Total debt and equity securities | 43,163 | 23,909 |
Significant Other Observable Inputs (Level 2) [Member] | U.S. Government Agency Securities [Member] | ' | ' |
Securities available-for-sale measured on a recurring basis | ' | ' |
Total debt and equity securities | 47,905 | 52,520 |
Significant Other Observable Inputs (Level 2) [Member] | Corporate Obligations [Member] | ' | ' |
Securities available-for-sale measured on a recurring basis | ' | ' |
Total debt and equity securities | 13,405 | 12,773 |
Significant Other Observable Inputs (Level 2) [Member] | Trust-Preferred Securities [Member] | ' | ' |
Securities available-for-sale measured on a recurring basis | ' | ' |
Total debt and equity securities | 3,861 | 3,614 |
Significant Other Observable Inputs (Level 2) [Member] | Other Debt Securities [Member] | ' | ' |
Securities available-for-sale measured on a recurring basis | ' | ' |
Total debt and equity securities | 5,254 | 1,154 |
Significant Other Observable Inputs (Level 2) [Member] | Equity Securities-Financial Services [Member] | ' | ' |
Securities available-for-sale measured on a recurring basis | ' | ' |
Total debt and equity securities | ' | ' |
Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Securities available-for-sale measured on a recurring basis | ' | ' |
Total debt and equity securities | 1,830 | 1,800 |
Foreclosed real estate owned measured on a non-recurring basis | 2,967 | 2,111 |
Impaired loans measured on a non-recurring basis | 36,650 | 36,407 |
Significant Unobservable Inputs (Level 3) [Member] | Total Mortgage-Backed Securities [Member] | ' | ' |
Securities available-for-sale measured on a recurring basis | ' | ' |
Total debt and equity securities | ' | 0 |
Significant Unobservable Inputs (Level 3) [Member] | Obligations of States and Political Subdivisions [Member] | ' | ' |
Securities available-for-sale measured on a recurring basis | ' | ' |
Total debt and equity securities | ' | 0 |
Significant Unobservable Inputs (Level 3) [Member] | U.S. Government Agency Securities [Member] | ' | ' |
Securities available-for-sale measured on a recurring basis | ' | ' |
Total debt and equity securities | ' | 0 |
Significant Unobservable Inputs (Level 3) [Member] | Corporate Obligations [Member] | ' | ' |
Securities available-for-sale measured on a recurring basis | ' | ' |
Total debt and equity securities | ' | 0 |
Significant Unobservable Inputs (Level 3) [Member] | Trust-Preferred Securities [Member] | ' | ' |
Securities available-for-sale measured on a recurring basis | ' | ' |
Total debt and equity securities | 1,830 | 1,800 |
Significant Unobservable Inputs (Level 3) [Member] | Other Debt Securities [Member] | ' | ' |
Securities available-for-sale measured on a recurring basis | ' | ' |
Total debt and equity securities | ' | 0 |
Significant Unobservable Inputs (Level 3) [Member] | Equity Securities-Financial Services [Member] | ' | ' |
Securities available-for-sale measured on a recurring basis | ' | ' |
Total debt and equity securities | ' | $0 |
Fair_Value_Measurement_Schedul1
Fair Value Measurement - Schedule of Changes in Fair Value of Level III Investments (Detail) (Significant Unobservable Inputs (Level 3) [Member], USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Significant Unobservable Inputs (Level 3) [Member] | ' | ' | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ' | ' |
Beginning balance | $1,830 | $1,760 | $1,800 | $1,740 |
Purchases, sales, issuances, settlements, net | ' | ' | ' | ' |
Total unrealized gain: | ' | ' | ' | ' |
Included in earnings | ' | ' | ' | ' |
Included in other comprehensive income | ' | 20 | 30 | 40 |
Transfers in and/or out of Level III | ' | ' | ' | ' |
Ending balance | $1,830 | $1,780 | $1,830 | $1,780 |
Fair_Value_Measurement_Additio
Fair Value Measurement - Additional Information (Detail) (USD $) | 9 Months Ended | 12 Months Ended |
Jun. 30, 2014 | Sep. 30, 2013 | |
Loans | Loans | |
Fair Value Disclosures [Abstract] | ' | ' |
Number of impaired loans | 249 | 233 |
Impaired loans, carrying value | $37,300,000 | $37,200,000 |
Impaired loans, valuation allowance | 664,000 | 819,000 |
Impaired loans, net fair value | $36,700,000 | $36,400,000 |
Fair_Value_Measurement_Summary
Fair Value Measurement - Summary of Additional Quantitative Information about Assets Measured at Fair Value on Nonrecurring Basis (Detail) (USD $) | 9 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Jun. 30, 2014 | Sep. 30, 2013 |
Impaired Loans [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Fair Value Estimate | $36,650 | $36,407 |
Unobservable Input | 'Appraisal adjustments | 'Appraisal adjustments |
Fair value input appraisal adjustments | 23.00% | 23.50% |
Impaired Loans [Member] | Minimum [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Fair value input appraisal adjustments | 0.00% | 0.00% |
Impaired Loans [Member] | Maximum [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Fair value input appraisal adjustments | 30.00% | 30.00% |
Foreclosed Real Estate Owned [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Fair Value Estimate | $2,967 | $2,111 |
Unobservable Input | 'Appraisal adjustments | 'Appraisal adjustments |
Fair value input appraisal adjustments | 21.40% | 20.40% |
Foreclosed Real Estate Owned [Member] | Minimum [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Fair value input appraisal adjustments | 20.00% | 0.00% |
Foreclosed Real Estate Owned [Member] | Maximum [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Fair value input appraisal adjustments | 40.00% | 0.00% |
Appraisal of Collateral [Member] | Impaired Loans [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Valuation Techniques | 'Appraisal of collateral | 'Appraisal of collateral |
Appraisal of Collateral [Member] | Foreclosed Real Estate Owned [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Valuation Techniques | 'Appraisal of collateral | 'Appraisal of collateral |
Fair_Value_Measurement_Schedul2
Fair Value Measurement - Schedule of Estimate of Fair Value Using Methodologies (Detail) (USD $) | Jun. 30, 2014 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | ||
Financial assets: | ' | ' |
Cash and cash equivalents | $23,480 | $26,648 |
Certificates of deposit | 1,767 | 1,767 |
Investment and mortgage backed securities available for sale | 375,024 | 315,622 |
Loans receivable, net | 1,078,683 | 951,120 |
Accrued interest receivable | 5,042 | 4,413 |
FHLB stock | 12,757 | 9,415 |
Mortgage servicing rights | 799 | 382 |
Bank owned life insurance | 29,484 | 28,797 |
Financial liabilities: | ' | ' |
Deposits | 1,146,902 | 1,045,400 |
Short-term borrowings | 78,749 | 23,000 |
Other borrowings | 146,398 | 124,504 |
Advances by borrowers for taxes and insurance | 11,924 | 4,962 |
Accrued interest payable | 1,035 | 833 |
Carrying Value [Member] | ' | ' |
Financial assets: | ' | ' |
Cash and cash equivalents | 23,480 | 26,648 |
Certificates of deposit | 1,767 | 1,767 |
Investment and mortgage backed securities available for sale | 375,024 | 315,622 |
Loans receivable, net | 1,050,125 | 928,230 |
Accrued interest receivable | 5,042 | 4,413 |
FHLB stock | 12,757 | 9,415 |
Mortgage servicing rights | 799 | 382 |
Bank owned life insurance | 29,484 | 28,797 |
Financial liabilities: | ' | ' |
Deposits | 1,143,095 | 1,041,059 |
Short-term borrowings | 78,749 | 23,000 |
Other borrowings | 145,260 | 129,260 |
Advances by borrowers for taxes and insurance | 11,924 | 4,962 |
Accrued interest payable | 1,035 | 833 |
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | ' | ' |
Financial assets: | ' | ' |
Cash and cash equivalents | 23,480 | 26,648 |
Certificates of deposit | ' | ' |
Investment and mortgage backed securities available for sale | 2,025 | 2,015 |
Loans receivable, net | ' | ' |
Accrued interest receivable | 5,042 | 4,413 |
FHLB stock | 12,757 | 9,415 |
Mortgage servicing rights | ' | ' |
Bank owned life insurance | 29,484 | 28,797 |
Financial liabilities: | ' | ' |
Deposits | 494,994 | 406,890 |
Short-term borrowings | 78,749 | 23,000 |
Other borrowings | ' | ' |
Advances by borrowers for taxes and insurance | 11,924 | 4,962 |
Accrued interest payable | 1,035 | 833 |
Significant Other Observable Inputs (Level 2) [Member] | ' | ' |
Financial assets: | ' | ' |
Cash and cash equivalents | ' | ' |
Certificates of deposit | 1,767 | 1,767 |
Investment and mortgage backed securities available for sale | 371,169 | 311,807 |
Loans receivable, net | ' | ' |
Accrued interest receivable | ' | ' |
FHLB stock | ' | ' |
Mortgage servicing rights | ' | ' |
Bank owned life insurance | ' | ' |
Financial liabilities: | ' | ' |
Deposits | ' | ' |
Short-term borrowings | ' | ' |
Other borrowings | ' | ' |
Advances by borrowers for taxes and insurance | ' | ' |
Accrued interest payable | ' | ' |
Significant Unobservable Inputs (Level 3) [Member] | ' | ' |
Financial assets: | ' | ' |
Cash and cash equivalents | ' | ' |
Certificates of deposit | ' | ' |
Investment and mortgage backed securities available for sale | 1,830 | 1,800 |
Loans receivable, net | 1,078,683 | 951,120 |
Accrued interest receivable | ' | ' |
FHLB stock | ' | ' |
Mortgage servicing rights | 799 | 382 |
Bank owned life insurance | ' | ' |
Financial liabilities: | ' | ' |
Deposits | 651,908 | 638,510 |
Short-term borrowings | 0 | ' |
Other borrowings | 146,398 | 124,504 |
Advances by borrowers for taxes and insurance | ' | ' |
Accrued interest payable | ' | ' |
Accumulated_Other_Comprehensiv2
Accumulated Other Comprehensive Income - Activity in Accumulated Other Comprehensive Income (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' |
Beginning balance, Accumulated Other Comprehensive Income/(Loss) | ($1,846) | $163 | ($1,235) | $1,758 |
Other comprehensive income (loss) before reclassifications | 2,165 | -4,194 | 1,701 | -5,431 |
Amounts reclassified from accumulated other comprehensive income | 12 | 58 | -135 | -300 |
Period change | 2,177 | -4,136 | 1,566 | -5,731 |
Ending balance, Accumulated Other Comprehensive Income/(Loss) | 331 | -3,973 | 331 | -3,973 |
Provision for income taxes | 976 | 519 | 2,146 | 2,542 |
Defined Benefit Pension Plan [Member] | ' | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' |
Beginning balance, Accumulated Other Comprehensive Income/(Loss) | -1,297 | -4,318 | -1,306 | -4,450 |
Amounts reclassified from accumulated other comprehensive income | 5 | 65 | 14 | 194 |
Period change | 5 | 65 | 14 | 194 |
Ending balance, Accumulated Other Comprehensive Income/(Loss) | -1,292 | -4,253 | -1,292 | -4,253 |
Unrealized Gains (Losses) on Securities Available for Sale [Member] | ' | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' |
Beginning balance, Accumulated Other Comprehensive Income/(Loss) | -549 | 4,481 | 71 | 6,208 |
Other comprehensive income (loss) before reclassifications | 2,165 | -4,194 | 1,701 | -5,431 |
Amounts reclassified from accumulated other comprehensive income | 7 | -7 | -149 | -494 |
Period change | 2,172 | -4,201 | 1,552 | -5,925 |
Ending balance, Accumulated Other Comprehensive Income/(Loss) | 1,623 | 280 | 1,623 | 280 |
Reclassification Out of Accumulated Other Comprehensive Income [Member] | ' | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' |
Net of tax | 12 | 58 | -135 | -300 |
Reclassification Out of Accumulated Other Comprehensive Income [Member] | Defined Benefit Pension Plan [Member] | ' | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' |
Compensation and employee benefits | 7 | 98 | 21 | 294 |
Provision for income taxes | -2 | -33 | -7 | -100 |
Net of tax | 5 | 65 | 14 | 194 |
Reclassification Out of Accumulated Other Comprehensive Income [Member] | Unrealized Gains (Losses) on Securities Available for Sale [Member] | ' | ' | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' | ' | ' |
Gain on sale of investments, net | 10 | -11 | -226 | -749 |
Provision for income taxes | -3 | 4 | 77 | 255 |
Net of tax | $7 | ($7) | ($149) | ($494) |
Acquisitions_Additional_Inform
Acquisitions - Additional Information (Detail) (USD $) | 9 Months Ended |
Jun. 30, 2014 | |
Branch | |
Business Acquisition [Line Items] | ' |
Number of branches acquired | 2 |
Loan portfolio without evidence of deterioration | $155,300,000 |
Fair value of loan portfolio | 152,200,000 |
Franklin Security Bancorp, Inc. [Member] | ' |
Business Acquisition [Line Items] | ' |
Date of acquisition | 4-Apr-14 |
Total purchase price related to acquisition | 15,698,000 |
FNCB Branch [Member] | ' |
Business Acquisition [Line Items] | ' |
Date of acquisition | 24-Jan-14 |
Number of branches acquired | 1 |
Total purchase price related to acquisition | 4,460,000 |
Loan portfolio without evidence of deterioration | 1,000,000 |
Fair value of loan portfolio | $1,000,000 |
Acquisitions_Condensed_Stateme
Acquisitions - Condensed Statement Reflecting Values Assigned to Net Assets (Detail) (USD $) | Jun. 30, 2014 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | ||
Net assets acquired: | ' | ' |
Goodwill resulting from FNCB purchase | $10,259 | $8,817 |
Franklin Security Bancorp, Inc. [Member] | ' | ' |
Business Acquisition [Line Items] | ' | ' |
Total purchase price | 15,698 | ' |
Net assets acquired: | ' | ' |
Cash | -19,825 | ' |
Investments available for sale | 55,901 | ' |
Loans receivable | 152,188 | ' |
Regulatory stock | 1,569 | ' |
Premises and equipment, net | 176 | ' |
Foreclosed real estate | 436 | ' |
Intangible assets | 889 | ' |
Deferred tax assets | 1,031 | ' |
Other assets | 2,504 | ' |
Certificates of deposits | -90,869 | ' |
Deposits other than certificates of deposits | -71,317 | ' |
Borrowings | -30,177 | ' |
Other liabilities | -2,265 | ' |
Gain resulting from Franklin Security Bancorp, Inc. acquisition | 241 | ' |
FNCB Branch [Member] | ' | ' |
Business Acquisition [Line Items] | ' | ' |
Total purchase price | 4,460 | ' |
Net assets acquired: | ' | ' |
Cash | 11 | ' |
Loans receivable | 1,033 | ' |
Premises and equipment, net | 1,626 | ' |
Certificates of deposits | -3,069 | ' |
Deposits other than certificates of deposits | -5,683 | ' |
Gain resulting from Franklin Security Bancorp, Inc. acquisition | 6,082 | ' |
Goodwill resulting from FNCB purchase | $1,442 | ' |
Acquisitions_Financial_Informa
Acquisitions - Financial Information Regarding Former First Star Operations Included in Consolidated Statement of Income (Detail) (Franklin Security Bancorp, Inc. [Member], USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Business Acquisition [Line Items] | ' | ' | ' | ' |
Net interest income | $11,097 | $11,267 | $32,534 | $34,791 |
Noninterest income | 2,100 | 1,915 | 5,605 | 6,850 |
Net Income | 2,385 | 2,036 | 4,471 | 7,184 |
Pro forma earnings per share | ' | ' | ' | ' |
Basic | $0.22 | $0.18 | $0.41 | $0.61 |
Diluted | $0.22 | $0.18 | $0.41 | $0.61 |
Actual From Acquisition Date Through June 30, 2014 [Member] | ' | ' | ' | ' |
Business Acquisition [Line Items] | ' | ' | ' | ' |
Net interest income | ' | ' | 1,902 | ' |
Noninterest income | ' | ' | 107 | ' |
Net Income | ' | ' | $641 | ' |