Document And Entity Information
Document And Entity Information | 6 Months Ended |
Mar. 31, 2016shares | |
Document Information [Line Items] | |
Document Type | 10-Q |
Amendment Flag | false |
Document Period End Date | Mar. 31, 2016 |
Document Fiscal Year Focus | 2,016 |
Document Fiscal Period Focus | Q2 |
Entity Registrant Name | First Savings Financial Group Inc |
Entity Central Index Key | 1,435,508 |
Current Fiscal Year End Date | --09-30 |
Entity Filer Category | Smaller Reporting Company |
Trading Symbol | FSFG |
Entity Common Stock, Shares Outstanding | 2,204,787 |
CONSOLIDATED BALANCE SHEETS
CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Mar. 31, 2016 | Sep. 30, 2015 |
ASSETS | ||
Cash and due from banks | $ 8,961 | $ 9,884 |
Interest-bearing deposits with banks | 14,991 | 15,110 |
Total cash and cash equivalents | 23,952 | 24,994 |
Interest-bearing time deposits | 2,855 | 3,100 |
Trading account securities, at fair value | 9,131 | 9,044 |
Securities available for sale, at fair value | 177,444 | 178,328 |
Securities held to maturity | 3,445 | 4,620 |
Loans held for sale ($5,835 at fair value at September 30, 2015) | 5,361 | 6,803 |
Loans, net | 478,518 | 457,112 |
Federal Reserve Bank and Federal Home Loan Bank stock, at cost | 6,936 | 6,720 |
Real estate development and construction | 6,978 | 7,079 |
Premises and equipment | 13,573 | 13,838 |
Other real estate owned, held for sale | 594 | 618 |
Accrued interest receivable: | ||
Loans | 1,414 | 1,259 |
Securities | 1,368 | 1,396 |
Cash surrender value of life insurance | 17,993 | 17,766 |
Goodwill | 7,936 | 7,936 |
Core deposit intangibles | 1,209 | 1,381 |
Other assets | 6,412 | 7,952 |
Total Assets | 765,119 | 749,946 |
Deposits: | ||
Noninterest-bearing | 75,885 | 71,184 |
Interest-bearing | 491,537 | 462,113 |
Total deposits | 567,422 | 533,297 |
Repurchase agreements | 1,343 | 1,342 |
Borrowings from Federal Home Loan Bank | 100,000 | 104,867 |
Other long-term debt | 4,537 | 4,632 |
Accrued interest payable | 200 | 186 |
Advance payments by borrowers for taxes and insurance | 869 | 883 |
Accrued expenses and other liabilities | 9,503 | 10,382 |
Total Liabilities | 683,874 | 655,589 |
STOCKHOLDERS' EQUITY | ||
Preferred stock | 0 | 0 |
Common stock of $.01 par value per share Authorized 20,000,000 shares; issued 2,542,042 shares; outstanding 2,204,787 shares (2,183,510 shares at September 30, 2015) | 25 | 25 |
Retained earnings - substantially restricted | 55,040 | 52,760 |
Accumulated other comprehensive income | 5,068 | 4,210 |
Unearned ESOP shares | 0 | (197) |
Less treasury stock, at cost - 337,255 shares (358,532 shares at September 30, 2015) | (6,070) | (6,357) |
Total Stockholders' Equity | 81,245 | 94,357 |
Total Liabilities and Stockholders' Equity | 765,119 | 749,946 |
Preferred Stock | ||
STOCKHOLDERS' EQUITY | ||
Additional paid-in capital | 0 | 17,120 |
Senior Non-Cumulative Perpetual Preferred Stock, Series A | ||
STOCKHOLDERS' EQUITY | ||
Preferred stock | 0 | 0 |
Common Stock | ||
STOCKHOLDERS' EQUITY | ||
Additional paid-in capital | $ 27,182 | $ 26,796 |
CONSOLIDATED BALANCE SHEETS (Pa
CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands | Mar. 31, 2016 | Sep. 30, 2015 |
Common stock, par value | $ 0.01 | $ 0.01 |
Common stock, Authorized | 20,000,000 | 20,000,000 |
Common stock, issued | 2,542,042 | 2,542,042 |
Common Stock, Outstanding | 2,204,787 | 2,183,510 |
Treasury stock, shares | 337,255 | 358,532 |
Loans Held For Sale Fair Value Disclosure | $ 5,835 | |
Preferred Stock | ||
Preferred stock, par value | $ 0.01 | $ 0.01 |
Preferred Stock, Authorized | 982,880 | 982,880 |
Preferred Stock, issued | 0 | 0 |
Senior Non-Cumulative Perpetual Preferred Stock, Series A | ||
Preferred stock, par value | $ 0.01 | $ 0.01 |
Preferred Stock, Authorized | 17,120 | 17,120 |
Preferred Stock, issued | 0 | 17,120 |
Preferred Stock, Outstanding | 0 | 17,120 |
Preferred Stock, aggregate liquidation preference | $ 0 | $ 17,120 |
CONSOLIDATED STATEMENTS OF INCO
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Mar. 31, 2016 | Mar. 31, 2015 | Mar. 31, 2016 | Mar. 31, 2015 | |
INTEREST INCOME | ||||
Loans, including fees | $ 5,546 | $ 5,350 | $ 11,011 | $ 10,720 |
Securities: | ||||
Taxable | 969 | 992 | 1,927 | 2,084 |
Tax-exempt | 509 | 489 | 1,119 | 960 |
Dividend income | 78 | 83 | 154 | 146 |
Interest-bearing deposits with banks | 45 | 10 | 62 | 23 |
Total interest income | 7,147 | 6,924 | 14,273 | 13,933 |
INTEREST EXPENSE | ||||
Deposits | 595 | 598 | 1,179 | 1,240 |
Repurchase agreements | 1 | 1 | 2 | 2 |
Borrowings from Federal Home Loan Bank | 392 | 308 | 735 | 548 |
Loans payable | 40 | 45 | 80 | 93 |
Total interest expense | 1,028 | 952 | 1,996 | 1,883 |
Net interest income | 6,119 | 5,972 | 12,277 | 12,050 |
Provision for loan losses | 125 | 212 | 125 | 419 |
Net interest income after provision for loan losses | 5,994 | 5,760 | 12,152 | 11,631 |
NONINTEREST INCOME | ||||
Service charges on deposit accounts | 282 | 305 | 604 | 676 |
Net gain on trading account securities | 251 | 89 | 428 | 160 |
Unrealized loss on derivative contract | 0 | (1) | 0 | (1) |
Net gain on sales of loans | 97 | 49 | 327 | 134 |
Increase in cash surrender value of life insurance | 112 | 117 | 227 | 245 |
Commission income | 70 | 107 | 213 | 168 |
Real estate lease income | 163 | 150 | 326 | 301 |
Other income | 287 | 262 | 581 | 506 |
Total noninterest income | 1,262 | 1,078 | 2,706 | 2,189 |
NONINTEREST EXPENSE | ||||
Compensation and benefits | 2,805 | 2,637 | 6,368 | 5,638 |
Occupancy and equipment | 721 | 652 | 1,373 | 1,256 |
Data processing | 414 | 348 | 767 | 729 |
Advertising | 135 | 147 | 235 | 253 |
Professional fees | 319 | 201 | 611 | 515 |
FDIC insurance premiums | 122 | 115 | 243 | 224 |
Net (gain) loss on other real estate owned | (24) | 16 | 50 | 21 |
Other operating expenses | 740 | 760 | 1,477 | 1,614 |
Total noninterest expense | 5,232 | 4,876 | 11,124 | 10,250 |
Income before income taxes | 2,024 | 1,962 | 3,734 | 3,570 |
Income tax expense | 389 | 435 | 856 | 843 |
Net Income | 1,635 | 1,527 | 2,878 | 2,727 |
Preferred stock dividends declared | 19 | 43 | 62 | 86 |
Net Income Available to Common Shareholders | $ 1,616 | $ 1,484 | $ 2,816 | $ 2,641 |
Net income per common share: | ||||
Basic (in dollars per share) | $ 0.73 | $ 0.69 | $ 1.28 | $ 1.24 |
Diluted (in dollars per share) | $ 0.7 | $ 0.66 | $ 1.22 | $ 1.18 |
Weighted average common shares outstanding: | ||||
Basic (in shares) | 2,204,787 | 2,138,931 | 2,195,727 | 2,125,369 |
Diluted (in shares) | 2,303,946 | 2,245,371 | 2,300,695 | 2,231,574 |
Dividends per common share (in dollars per share) | $ 0.13 | $ 0.12 | $ 0.25 | $ 0.23 |
CONSOLIDATED STATEMENTS OF COMP
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Mar. 31, 2016 | Mar. 31, 2015 | Mar. 31, 2016 | Mar. 31, 2015 | |
Net Income | $ 1,635 | $ 1,527 | $ 2,878 | $ 2,727 |
Unrealized gains on securities available for sale: | ||||
Unrealized holding gains arising during the period | 1,072 | 1,173 | 1,292 | 2,168 |
Income tax expense | (374) | (417) | (434) | (770) |
Net of tax amount | 698 | 756 | 858 | 1,398 |
Other Comprehensive Income | 698 | 756 | 858 | 1,398 |
Comprehensive Income | $ 2,333 | $ 2,283 | $ 3,736 | $ 4,125 |
CONSOLIDATED STATEMENTS OF CHAN
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands | Total | Preferred Stock | Common Stock | Additional Paid-in Capital | Retained Earnings | Accumulated Other Comprehensive Income | Unearned Stock Compensation and ESOP | Treasury Stock |
Balances at Sep. 30, 2014 | $ 87,080 | $ 0 | $ 25 | $ 43,199 | $ 47,175 | $ 3,853 | $ (699) | $ (6,473) |
Net income | 2,727 | 0 | 0 | 0 | 2,727 | 0 | 0 | 0 |
Other comprehensive income | 1,398 | 0 | 0 | 0 | 0 | 1,398 | 0 | 0 |
Preferred stock dividends | (86) | 0 | 0 | 0 | (86) | 0 | 0 | 0 |
Common stock dividends | (471) | 0 | 0 | 0 | (471) | 0 | 0 | 0 |
Stock compensation expense | 239 | 0 | 0 | 108 | 0 | 0 | 131 | 0 |
Shares released by ESOP trust | 653 | 0 | 0 | 397 | 0 | 0 | 256 | 0 |
Stock options exercises | 278 | 0 | 0 | (89) | 0 | 0 | 0 | 367 |
Purchase of treasury shares | (119) | 0 | 0 | 0 | 0 | 0 | 0 | (119) |
Balances at Mar. 31, 2015 | 91,699 | 0 | 25 | 43,615 | 49,345 | 5,251 | (312) | (6,225) |
Balances at Sep. 30, 2015 | 94,357 | 0 | 25 | 43,916 | 52,760 | 4,210 | (197) | (6,357) |
Net income | 2,878 | 0 | 0 | 0 | 2,878 | 0 | 0 | 0 |
Other comprehensive income | 858 | 0 | 0 | 0 | 0 | 858 | 0 | 0 |
Preferred stock dividends | (62) | 0 | 0 | 0 | (62) | 0 | 0 | 0 |
Common stock dividends | (536) | 0 | 0 | 0 | (536) | 0 | 0 | 0 |
Shares released by ESOP trust | 701 | 0 | 0 | 504 | 0 | 0 | 197 | 0 |
Stock options exercises | 348 | 0 | 0 | (118) | 0 | 0 | 0 | 466 |
Redemption of preferred stock - 17,120 shares | 17,120 | 0 | 0 | (17,120) | 0 | 0 | 0 | 0 |
Purchase of treasury shares | (179) | 0 | 0 | 0 | 0 | 0 | 0 | (179) |
Balances at Mar. 31, 2016 | $ 81,245 | $ 0 | $ 25 | $ 27,182 | $ 55,040 | $ 5,068 | $ 0 | $ (6,070) |
CONSOLIDATED STATEMENTS OF CHA7
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares | 6 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Dividends per common share | $ 0.25 | $ 0.23 |
Stock option exercises, shares | 26,210 | 20,972 |
Purchase of treasury shares, shares | 4,933 | 4,791 |
Preferred Stock Redemption Shares | 17,120 |
CONSOLIDATED STATEMENTS OF CASH
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands | 6 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||
Net income | $ 2,878 | $ 2,727 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Provision for loan losses | 125 | 419 |
Depreciation and amortization | 737 | 721 |
Amortization of premiums and accretion of discounts on securities, net | 265 | 388 |
(Increase) decrease in trading account securities | (87) | 90 |
Loans originated for sale | (13,949) | (4,436) |
Proceeds on sales of loans | 14,446 | 4,531 |
Net gain on sales of loans | (327) | (134) |
Net realized and unrealized (gain) loss on other real estate owned | (4) | 12 |
Unrealized loss on derivative contract | 0 | 1 |
Increase in cash surrender value of life insurance | (227) | (245) |
Deferred income taxes | (199) | (247) |
ESOP and stock compensation expense | 628 | 808 |
(Increase) decrease in accrued interest receivable | (127) | 1 |
Increase in accrued interest payable | 14 | 4 |
Change in other assets and liabilities, net | 483 | (91) |
Net Cash Provided By Operating Activities | 4,656 | 4,549 |
CASH FLOWS FROM INVESTING ACTIVITIES | ||
(Investment in) redemption of interest-bearing time deposits | 245 | (735) |
Purchase of securities available for sale | (10,284) | (11,684) |
Proceeds from maturities of securities available for sale | 5,395 | 6,117 |
Proceeds from maturities of securities held to maturity | 1,123 | 342 |
Principal collected on securities | 6,827 | 8,737 |
Net increase in loans | (20,489) | (11,652) |
Purchase of Federal Reserve Bank stock | 0 | (945) |
Purchase of Federal Home Loan Bank stock | (216) | (461) |
Proceeds from redemption of Federal Home Loan Bank stock | 0 | 461 |
Investment in historic tax credit entity | 0 | (417) |
Proceeds from sale of other real estate owned | 299 | 495 |
Investment in real estate development and construction | 2 | 0 |
Purchase of premises and equipment | (201) | (204) |
Net Cash Used In Investing Activities | (17,299) | (9,946) |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Net increase in deposits | 34,125 | 3,743 |
Net increase in repurchase agreements | 1 | 2 |
Decrease in Federal Home Loan Bank line of credit | (14,867) | (7,994) |
Proceeds from Federal Home Loan Bank advances | 35,000 | 205,000 |
Repayment of Federal Home Loan Bank advances | (25,000) | (195,000) |
Repayment of other long-term debt | (95) | (88) |
Net decrease in advance payments by borrowers for taxes and insurance | (14) | (1) |
Redemption of preferred stock | (17,120) | 0 |
Proceeds from exercise of stock options | 169 | 278 |
Purchase of treasury stock | 0 | (119) |
Dividends paid on preferred stock | (62) | (86) |
Dividends paid on common stock | (536) | (471) |
Net Cash Provided By Financing Activities | 11,601 | 5,264 |
Net Decrease in Cash and Cash Equivalents | (1,042) | (133) |
Cash and cash equivalents at beginning of period | 24,994 | 20,330 |
Cash and Cash Equivalents at End of Period | $ 23,952 | $ 20,197 |
Presentation of Interim Informa
Presentation of Interim Information | 6 Months Ended |
Mar. 31, 2016 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Presentation of Interim Information | Presentation of Interim Information First Savings Financial Group, Inc. (the “Company”) is a financial holding company and the parent of First Savings Bank (the “Bank”) and First Savings Insurance Risk Management, Inc. (the “Captive”). The Bank, which is a wholly-owned Indiana-chartered commercial bank subsidiary of the Company, provides a variety of banking services to individuals and business customers through fourteen locations in southern Indiana. The Bank attracts deposits primarily from the general public and uses those funds, along with other borrowings, primarily to originate commercial mortgage, residential mortgage, construction, commercial business and consumer loans, and to a lesser extent, to invest in mortgage-backed securities and other securities. The Bank has three wholly-owned subsidiaries: First Savings Investments, Inc., a Nevada corporation that manages a securities portfolio; FFCC, Inc. (“FFCC”), which is an Indiana corporation that participates in commercial real estate development and leasing; and Southern Indiana Financial Corporation, which is currently inactive. The Captive, which is a wholly-owned insurance subsidiary of the Company formed during the fourth fiscal quarter of 2014, is a Nevada corporation that provides property and casualty insurance to the Company, the Bank and the Bank’s active subsidiaries. In addition, the Captive provides reinsurance to eight other third-party insurance captives for which insurance may not be currently available or economically feasible in the insurance marketplace. In the opinion of management, the accompanying unaudited consolidated financial statements include all adjustments considered necessary to present fairly the financial position as of March 31, 2016, the results of operations for the three- and six-month periods ended March 31, 2016 and 2015, and the cash flows for the six-month periods ended March 31, 2016 and 2015. All of these adjustments are of a normal, recurring nature. Such adjustments are the only adjustments included in the unaudited consolidated financial statements. Interim results are not necessarily indicative of results for a full year. The unaudited consolidated financial statements and notes have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial statements, conform to general practices within the banking industry and are presented as permitted by the instructions to Form 10-Q. Accordingly, they do not contain certain information included in the Company’s audited consolidated financial statements and related notes for the year ended September 30, 2015 included in the Company’s Annual Report on Form 10-K. The unaudited consolidated financial statements include the accounts of the Company and its subsidiaries. All material intercompany balances and transactions have been eliminated in consolidation. Certain prior period amounts have been reclassified to conform with the current period presentation. The reclassifications had no effect on net income or stockholders’ equity. |
Investment Securities
Investment Securities | 6 Months Ended |
Mar. 31, 2016 | |
Investments, Debt and Equity Securities [Abstract] | |
Investment Securities | 2. Investment Securities Agency bonds and notes, agency mortgage-backed securities and agency collateralized mortgage obligations (“CMO”) include securities issued by the Government National Mortgage Association (“GNMA”), a U.S. government agency, and the Federal National Mortgage Association (“FNMA”), the Federal Home Loan Mortgage Corporation (“FHLMC”) and the Federal Home Loan Bank (“FHLB”), which are U.S. government-sponsored enterprises. The Company holds municipal bonds issued by municipal governments within the U.S. The Company also holds a pass-through asset-backed security guaranteed by the U.S. Small Business Administration (“SBA”) representing participating interests in pools of long-term debentures issued by state and local development companies certified by the SBA. Privately-issued CMO and asset-backed securities (“ABS”) are complex securities issued by non-government special-purpose entities that are collateralized by residential mortgage loans and residential home equity loans. Investment securities have been classified according to management’s intent. Trading Account Securities The Company invests in small and medium lot, investment grade municipal bonds through a managed brokerage account. The brokerage account is managed by an investment advisory firm registered with the U.S. Securities and Exchange Commission. At March 31, 2016 and September 30, 2015, trading account securities recorded at fair value totaled $ 9.1 9.0 428,000 425,000 3,000 251,000 232,000 19,000 160,000 159,000 1,000 89,000 82,000 7,000 Securities Available for Sale and Held to Maturity Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (In thousands) March 31, 2016: Securities available for sale: Agency bonds and notes $ 1,044 $ 11 $ - $ 1,055 Agency mortgage-backed 50,632 776 28 51,380 Agency CMO 17,843 108 87 17,864 Privately-issued CMO 2,744 360 - 3,104 Privately-issued ABS 4,257 989 3 5,243 SBA certificates 1,314 6 - 1,320 Municipal bonds 91,727 5,770 19 97,478 Total securities available for sale $ 169,561 $ 8,020 $ 137 $ 177,444 Securities held to maturity: Agency mortgage-backed $ 280 $ 26 $ - $ 306 Municipal bonds 3,165 445 - 3,610 Total securities held to maturity $ 3,445 $ 471 $ - $ 3,916 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (In thousands) September 30, 2015: Securities available for sale: Agency bonds and notes $ 5,564 $ 18 $ - $ 5,582 Agency mortgage-backed 47,418 901 41 48,278 Agency CMO 18,943 118 47 19,014 Privately-issued CMO 3,005 465 - 3,470 Privately-issued ABS 4,820 1,289 - 6,109 SBA certificates 1,472 8 - 1,480 Municipal bonds 90,380 4,185 170 94,395 Total securities available for sale $ 171,602 $ 6,984 $ 258 $ 178,328 Securities held to maturity: Agency mortgage-backed $ 345 $ 31 $ - $ 376 Municipal bonds 4,275 540 - 4,815 Total securities held to maturity $ 4,620 $ 571 $ - $ 5,191 Available for Sale Held to Maturity Amortized Fair Amortized Fair Cost Value Cost Value (In thousands) Due within one year $ 2,269 $ 2,303 $ 372 $ 402 Due after one year through five years 5,895 6,278 946 1,079 Due after five years through ten years 20,330 22,127 1,225 1,413 Due after ten years 64,277 67,825 622 716 92,771 98,533 3,165 3,610 CMO 20,587 20,968 - - ABS 4,257 5,243 - - SBA certificates 1,314 1,320 - - Mortgage-backed securities 50,632 51,380 280 306 $ 169,561 $ 177,444 $ 3,445 $ 3,916 Number Gross of Investment Fair Unrealized Positions Value Losses (Dollars in thousands) Securities available for sale: Continuous loss position less than twelve months: Agency mortgage-backed 5 $ 4,189 $ 15 Agency CMO 2 3,345 7 Privately-issued ABS 2 77 3 Municipal bonds 1 388 4 Total less than twelve months 10 7,999 29 Continuous loss position more than twelve months: Agency mortgage-backed 2 1,826 13 Agency CMO 2 5,673 80 Municipal bonds 2 1,308 15 Total more than twelve months 6 8,807 108 Total securities available for sale 16 $ 16,806 $ 137 At March 31, 2016, the Company did not have any securities held to maturity with an unrealized loss. Management evaluates securities for other-than-temporary impairment at least on a quarterly basis, and more frequently when economic or market conditions warrant such evaluation. Consideration is given to (1) the length of time and the extent to which the fair value has been less than cost, (2) the financial condition and near-term prospects of the issuer, and (3) the intent and ability of the Company to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value. The total available for sale debt securities in loss positions at March 31, 2016, which consisted of U.S. government agency mortgage-backed securities and CMO and municipal bonds, had depreciated approximately 0.79 1.90 3.15 The Company evaluates the existence of a potential credit loss component related to the decline in fair value of the privately-issued CMO and ABS portfolios each quarter using an independent third party analysis. At March 31, 2016, the Company held seventeen privately-issued CMO and ABS securities acquired in a 2009 bank acquisition with an aggregate carrying value of $ 2.2 3.1 4.04 77,000 3,000 The unrealized losses on U.S. government agency mortgage-backed securities and CMO and municipal bonds relate principally to current interest rates for similar types of securities. In analyzing an issuer’s financial condition, management considers whether the securities are issued by the federal government, its agencies, or other governments, whether downgrades by bond rating agencies have occurred, and the results of reviews of the issuer’s financial condition. As management has the ability to hold debt securities to maturity, or for the foreseeable future if classified as available for sale, no declines are deemed to be other-than-temporary. During the three- and six-month periods ended March 31, 2016 and March 31, 2015, the Company did not realize any gross gains or losses on sales of available for sale securities. Certain available for sale debt securities were pledged under repurchase agreements and to secure FHLB borrowings at March 31, 2016 and September 30, 2015, and may be pledged to secure federal funds borrowings. |
Loans and Allowance for Loan Lo
Loans and Allowance for Loan Losses | 6 Months Ended |
Mar. 31, 2016 | |
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract] | |
Loans and Allowance for Loan Losses | 3. Loans and Allowance for Loan Losses March 31, September 30, 2016 2015 (In thousands) Real estate mortgage: 1-4 family residential $ 180,215 $ 181,873 Commercial 186,105 172,995 Multifamily residential 22,212 21,647 Residential construction 21,590 19,723 Commercial construction 14,655 15,548 Land and land development 10,429 11,061 Commercial business loans 39,530 32,574 Consumer: Home equity loans 19,942 19,423 Auto loans 5,048 5,452 Other consumer loans 1,998 2,159 Gross loans 501,724 482,455 Undisbursed portion of construction loans (16,314) (18,599) Principal loan balance 485,410 463,856 Deferred loan origination fees and costs, net (141) (120) Allowance for loan losses (6,751) (6,624) Loans, net $ 478,518 $ 457,112 During the six-month period ended March 31, 2016, there was no significant change in the Company’s lending activities or methodology used to estimate the allowance for loan losses as disclosed in the Company’s Annual Report on Form 10-K for the year ended September 30, 2015. At March 31, 2016 and September 30, 2015, the recorded investment in consumer mortgage loans collateralized by residential real estate properties in the process of foreclosure was $ 796,000 806,000 Residential Commercial Multifamily Construction Land & Land Commercial Consumer Total (In thousands) Recorded Investment in Loans: Principal loan balance $ 180,215 $ 186,105 $ 22,212 $ 19,931 $ 10,429 $ 39,530 $ 26,988 $ 485,410 Accrued interest receivable 549 550 44 48 30 134 59 1,414 Net deferred loan origination fees and costs 235 (269) (19) (74) 8 (13) (9) (141) Recorded investment in loans $ 180,999 $ 186,386 $ 22,237 $ 19,905 $ 10,467 $ 39,651 $ 27,038 $ 486,683 Recorded Investment in Loans as Evaluated for Impairment: Individually evaluated for impairment $ 4,495 $ 6,485 $ - $ - $ - $ 273 $ 274 $ 11,527 Collectively evaluated for impairment 176,088 179,901 22,237 19,905 10,467 39,378 26,735 474,711 Acquired with deteriorated credit quality 416 - - - - - 29 445 Ending balance $ 180,999 $ 186,386 $ 22,237 $ 19,905 $ 10,467 $ 39,651 $ 27,038 $ 486,683 Residential Commercial Multifamily Construction Land & Land Commercial Consumer Total (In thousands) Recorded Investment in Loans: Principal loan balance $ 181,873 $ 172,995 $ 21,647 $ 16,672 $ 11,061 $ 32,574 $ 27,034 $ 463,856 Accrued interest receivable 552 454 47 23 30 95 58 1,259 Net deferred loan origination fees and costs 283 (294) (21) (63) 8 (28) (5) (120) Recorded investment in loans $ 182,708 $ 173,155 $ 21,673 $ 16,632 $ 11,099 $ 32,641 $ 27,087 $ 464,995 Recorded Investment in Loans as Evaluated for Impairment: Individually evaluated for impairment $ 4,391 $ 7,041 $ - $ - $ - $ 222 $ 290 $ 11,944 Collectively evaluated for impairment 177,873 166,114 21,673 16,632 11,099 32,419 26,767 452,577 Acquired with deteriorated credit quality 444 - - - - - 30 474 Ending balance $ 182,708 $ 173,155 $ 21,673 $ 16,632 $ 11,099 $ 32,641 $ 27,087 $ 464,995 Residential Commercial Land & Land Commercial Real Estate Real Estate Multifamily Construction Development Business Consumer Total (In thousands) Ending Allowance Balance Attributable to Loans: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - $ 3 $ 3 Collectively evaluated for impairment 286 4,595 157 651 345 625 89 6,748 Acquired with deteriorated credit quality - - - - - - - - Ending balance $ 286 $ 4,595 $ 157 $ 651 $ 345 $ 625 $ 92 $ 6,751 An analysis of the allowance for loan losses as of September 30, 2015 is as follows: Residential Commercial Land & Land Commercial Real Estate Real Estate Multifamily Construction Development Business Consumer Total (In thousands) Ending Allowance Balance Attributable to Loans: Individually evaluated for impairment $ 9 $ - $ - $ - $ - $ - $ 5 $ 14 Collectively evaluated for impairment 435 4,327 156 551 369 678 94 6,610 Acquired with deteriorated credit quality - - - - - - - - Ending balance $ 444 $ 4,327 $ 156 $ 551 $ 369 $ 678 $ 99 $ 6,624 An analysis of the changes in the allowance for loan losses for the three months ended March 31, 2016 is as follows: Residential Commercial Land & Land Commercial Real Estate Real Estate Multifamily Construction Development Business Consumer Total (In thousands) Changes in Allowance for Loan Losses: Beginning balance $ 370 $ 4,514 $ 147 $ 594 $ 338 $ 575 $ 106 $ 6,644 Provisions (62) 81 10 57 7 50 (18) 125 Charge-offs (30) - - - - - (18) (48) Recoveries 8 - - - - - 22 30 Ending balance $ 286 $ 4,595 $ 157 $ 651 $ 345 $ 625 $ 92 $ 6,751 An analysis of the changes in the allowance for loan losses for the six months ended March 31, 2016 is as follows: Residential Commercial Land & Land Commercial Real Estate Real Estate Multifamily Construction Development Business Consumer Total (In thousands) Changes in Allowance for Loan Losses: Beginning balance $ 444 $ 4,327 $ 156 $ 551 $ 369 $ 678 $ 99 $ 6,624 Provisions (182) 268 1 100 (24) (53) 15 125 Charge-offs (56) - - - - - (57) (113) Recoveries 80 - - - - - 35 115 Ending balance $ 286 $ 4,595 $ 157 $ 651 $ 345 $ 625 $ 92 $ 6,751 An analysis of the changes in the allowance for loan losses for the three months ended March 31, 2015 is as follows: Residential Commercial Land & Land Commercial Real Estate Real Estate Multifamily Construction Development Business Consumer Total (In thousands) Changes in Allowance for Loan Losses: Beginning balance $ 442 $ 4,217 $ 163 $ 344 $ 299 $ 826 $ 159 $ 6,450 Provisions 145 (108) - 111 17 59 (12) 212 Charge-offs (131) - - - - - (41) (172) Recoveries 1 - - - - 1 22 24 Ending balance $ 457 $ 4,109 $ 163 $ 455 $ 316 $ 886 $ 128 $ 6,514 An analysis of the changes in the allowance for loan losses for the six months ended March 31, 2015 is as follows: Residential Commercial Land & Land Commercial Real Estate Real Estate Multifamily Construction Development Business Consumer Total (In thousands) Changes in Allowance for Loan Losses: Beginning balance $ 577 $ 3,808 $ 146 $ 443 $ 302 $ 795 $ 179 $ 6,250 Provisions (2) 301 17 12 14 90 (13) 419 Charge-offs (143) - - - - - (73) (216) Recoveries 25 - - - - 1 35 61 Ending balance $ 457 $ 4,109 $ 163 $ 455 $ 316 $ 886 $ 128 $ 6,514 At March 31, 2016 Three Months Ended March 31, Six Months Ended March 31, 2016 2016 2015 2015 2016 2016 2015 2015 Recorded Unpaid Related Average Interest Average Interest Average Interest Average Interest (In thousands) Loans with no related allowance recorded: Residential real estate $ 4,774 $ 5,253 $ - $ 5,591 $ 38 $ 5,685 $ 37 $ 5,437 $ 73 $ 5,729 $ 72 Commercial real estate 6,485 6,546 - 6,594 48 5,689 55 6,711 100 5,702 113 Multifamily - - - - - - - - - - - Construction - - - - - - - - - - - Land and land development - - - - - - - - - - - Commercial business 273 258 - 329 1 254 1 322 2 216 1 Consumer 197 202 - 203 2 238 1 205 3 248 3 $ 11,729 $ 12,259 $ - $ 12,717 $ 89 $ 11,866 $ 94 $ 12,675 $ 178 $ 11,895 $ 189 Loans with an allowance recorded: Residential real estate $ - $ - $ - $ - $ - $ 142 $ - $ 1 $ - $ 152 $ - Commercial real estate - - - - - 6 - - - 3 - Multifamily - - - - - - - - - - - Construction - - - - - - - - - - - Land and land development - - - - - - - - - - - Commercial business - - - - - 12 - - - 7 - Consumer 77 77 3 75 - 85 - 76 - 91 - $ 77 $ 77 $ 3 $ 75 $ - $ 245 $ - $ 77 $ - $ 253 $ - Total: Residential real estate $ 4,774 $ 5,253 $ - $ 5,591 $ 38 $ 5,827 $ 37 $ 5,438 $ 73 $ 5,881 $ 72 Commercial real estate 6,485 6,546 - 6,594 48 5,695 55 6,711 100 5,705 113 Multifamily - - - - - - - - - - - Construction - - - - - - - - - - - Land and land development - - - - - - - - - - - Commercial business 273 258 - 329 1 266 1 322 2 223 1 Consumer 274 279 3 278 2 323 1 281 3 339 3 $ 11,806 $ 12,336 $ 3 $ 12,792 $ 89 $ 12,111 $ 94 $ 12,752 $ 178 $ 12,148 $ 189 The Company recognized $5,000 of interest income on an impaired commercial real estate loan using the cash receipts method during the six-month period ended March 31, 2015. The Company did not recognize any interest income using the cash receipts method during the three-month periods ended March 31, 2015. The Company did not recognize any interest income using the cash receipts method during the three and six-month periods ended March 31, 2016. Recorded Unpaid Related (In thousands) Loans with no related allowance recorded: Residential real estate $ 4,681 $ 5,245 $ - Commercial real estate 7,041 7,079 - Multifamily - - - Construction - - - Land and land development - - - Commercial business 222 282 - Consumer 210 214 - $ 12,154 $ 12,820 $ - Loans with an allowance recorded: Residential real estate $ 9 $ 9 $ 9 Commercial real estate - - - Multifamily - - - Construction - - - Land and land development - - - Commercial business - - - Consumer 80 80 5 $ 89 $ 89 $ 14 Total: Residential real estate $ 4,690 $ 5,254 $ 9 Commercial real estate 7,041 7,079 - Multifamily - - - Construction - - - Land and land development - - - Commercial business 222 282 - Consumer 290 294 5 $ 12,243 $ 12,909 $ 14 Loans 90+ Days Total Nonaccrual Past Due Nonperforming Loans Still Accruing Loans (In thousands) Residential real estate $ 1,880 $ 103 $ 1,983 Commercial real estate 1,688 126 1,814 Multifamily - - - Construction - - - Land and land development - 90 90 Commercial business 173 - 173 Consumer 157 - 157 Total $ 3,898 $ 319 $ 4,217 The following table presents the recorded investment in nonperforming loans at September 30, 2015: Loans 90+ Days Total Nonaccrual Past Due Nonperforming Loans Still Accruing Loans (In thousands) Residential real estate $ 1,923 $ 155 $ 2,078 Commercial real estate 1,855 - 1,855 Multifamily - - - Construction - - - Land and land development - - - Commercial business 210 94 304 Consumer 165 3 168 Total $ 4,153 $ 252 $ 4,405 30-59 60-89 90 + Days Days Days Total Total Past Due Past Due Past Due Past Due Current Loans (In thousands) Residential real estate $ 2,361 $ 531 $ 1,643 $ 4,535 $ 176,464 $ 180,999 Commercial real estate 276 - 302 578 185,808 186,386 Multifamily - - - - 22,237 22,237 Construction - - - - 19,905 19,905 Land and land development 245 - 90 335 10,132 10,467 Commercial business 4 - 173 177 39,474 39,651 Consumer 94 3 32 129 26,909 27,038 Total $ 2,980 $ 534 $ 2,240 $ 5,754 $ 480,929 $ 486,683 The following table presents the aging of the recorded investment in past due loans at September 30, 2015: 30-59 60-89 90 + Days Days Days Total Total Past Due Past Due Past Due Past Due Current Loans (In thousands) Residential real estate $ 3,635 $ 1,419 $ 1,530 $ 6,584 $ 176,124 $ 182,708 Commercial real estate 1,098 113 139 1,350 171,805 173,155 Multifamily 504 - - 504 21,169 21,673 Construction - - - - 16,632 16,632 Land and land development 253 - - 253 10,846 11,099 Commercial business 15 - 303 318 32,323 32,641 Consumer 81 14 32 127 26,960 27,087 Total $ 5,586 $ 1,546 $ 2,004 $ 9,136 $ 455,859 $ 464,995 The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as: current financial information, public information, historical payment experience, credit documentation, and current economic conditions and trends, among other factors. The Company classifies loans based on credit risk at least quarterly. The Company uses the following regulatory definitions for risk ratings: Special Mention: Loans classified as special mention have a potential weakness that deserves management’s close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the loan or of the Company’s credit position at some future date. Substandard: Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the Company will sustain some loss if the deficiencies are not corrected. Doubtful: Loans classified as doubtful have all the weaknesses inherent in those classified as substandard, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. Loss: Loans classified as loss are considered uncollectible and of such little value that their continuance on the Company’s books as an asset is not warranted. Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be pass-rated loans. Residential Commercial Land and Land Commercial Real Estate Real Estate Multifamily Construction Development Business Consumer Total (In thousands) Pass $ 174,592 $ 179,426 $ 22,237 $ 19,905 $ 10,222 $ 39,478 $ 26,780 $ 472,640 Special Mention 1,006 176 - - - - 11 1,193 Substandard 5,231 6,784 - - 245 173 244 12,677 Doubtful 170 - - - - - 3 173 Loss - - - - - - - - Total $ 180,999 $ 186,386 $ 22,237 $ 19,905 $ 10,467 $ 39,651 $ 27,038 $ 486,683 As of September 30, 2015, the recorded investment in loans by risk category was as follows: Residential Commercial Land and Land Commercial Real Estate Real Estate Multifamily Construction Development Business Consumer Total (In thousands) Pass $ 175,662 $ 160,224 $ 21,673 $ 16,632 $ 11,079 $ 32,335 $ 26,793 $ 444,398 Special Mention 799 5,342 - - - 96 13 6,250 Substandard 5,871 7,589 - - 20 173 274 13,927 Doubtful 376 - - - - 37 7 420 Loss - - - - - - - - Total $ 182,708 $ 173,155 $ 21,673 $ 16,632 $ 11,099 $ 32,641 $ 27,087 $ 464,995 Troubled Debt Restructurings Modification of a loan is considered to be a troubled debt restructuring (“TDR”) if the debtor is experiencing financial difficulties and the Company grants a concession to the debtor that it would not otherwise consider. By granting the concession, the Company expects to obtain more cash or other value from the debtor, or to increase the probability of receipt, than would be expected by not granting the concession. The concession may include, but is not limited to, reduction of the stated interest rate of the loan, reduction of accrued interest, extension of the maturity date or reduction of the face amount or maturity amount of the debt. A concession will be granted when, as a result of the restructuring, the Company does not expect to collect all amounts due, including interest at the original stated rate. A concession may also be granted if the debtor is not able to access funds elsewhere at a market rate for debt with similar risk characteristics as the restructured debt. The Company’s determination of whether a loan modification is a TDR considers the individual facts and circumstances surrounding each modification. Loans modified in a TDR may be retained on accrual status if the borrower has maintained a period of performance in which the borrower’s lending relationship was not greater than ninety days delinquent at the time of restructuring and the Company determines the future collection of principal and interest is reasonably assured. Loans modified in a TDR that are placed on nonaccrual status at the time of restructuring will continue on nonaccrual status until the Company determines the future collection of principal and interest is reasonably assured, which generally requires that the borrower demonstrate a period of performance according to the restructured terms of at least six consecutive months. Accruing Nonaccrual Total (In thousands) March 31, 2016: Residential real estate $ 2,894 $ 111 $ 3,005 Commercial real estate 4,797 1,511 6,308 Commercial business 100 28 128 Consumer 117 - 117 Total $ 7,908 $ 1,650 $ 9,558 September 30, 2015: Residential real estate $ 2,767 $ 110 $ 2,877 Commercial real estate 5,186 1,523 6,709 Commercial business 12 - 12 Consumer 125 - 125 Total $ 8,090 $ 1,633 $ 9,723 Pre- Post- Modification Modification Number of Principal Principal Loans Balance Balance (In thousands) March 31, 2016: Three Months Ended March 31, 2016: Residential real estate 1 $ 107 $ 121 Total 1 $ 107 $ 121 Six Months Ended March 31, 2016: Residential real estate 5 $ 181 $ 247 Commercial business 2 88 118 Total 7 $ 269 $ 365 March 31, 2015: Six Months Ended March 31, 2015: Residential real estate 2 $ 165 $ 172 Total 2 $ 165 $ 172 For the TDRs listed above, the terms of modification included deferral of contractual principal and interest payments, reduction of the stated interest rate and extension of the maturity date where the debtor was unable to access funds elsewhere at a market interest rate for debt with similar risk characteristics. At March 31, 2016 and September 30, 2015, the Company had committed to lend $3,000 and $2,000, respectively, in additional funds to a customer with outstanding loans classified as TDRs. There were no principal charge-offs recorded as a result of TDRs during the six-month periods ended March 31, 2016 and 2015. There was no specific allowance for loan losses related to TDRs modified during the six-month periods ended March 31, 2016 and 2015. In the event that a TDR subsequently defaults, the Company evaluates the restructuring for possible impairment. As a result, the related allowance for loan losses may be increased or charge-offs may be taken to reduce the carrying amount of the loan. During the six-month periods ended March 31, 2016 and 2015, the Company did not have any TDRs that were modified within the previous twelve months and for which there was a payment default. No charge-offs were recognized for TDRs with subsequent payment defaults for the six-month periods ended March 31, 2016 and 2015. Loan Servicing Rights The Company originates loans to commercial customers under the SBA 7(a) program. During the fiscal year ending September 30, 2016, the Company began selling the guaranteed portion of the commercial SBA 7(a) loans with servicing retained. Loan servicing rights on originated commercial SBA 7(a) loans that have been sold are initially recorded at fair value. Capitalized servicing rights are then amortized in proportion to and over the period of estimated net servicing income. Impairment of servicing rights is assessed using the present value of estimated future cash flows. The aggregate fair value of loan servicing rights at March 31, 2016 approximated its carrying value. A valuation model employed by an independent third party calculates the present value of future cash flows and is used to estimate fair value at the date of sale and on a quarterly basis for impairment analysis purposes. Management periodically compares the valuation model inputs and results to published industry data in order to validate the model results and assumptions. Key assumptions used to estimate the fair value of the loan servicing rights include the discount rate and prepayment speed assumptions. For purposes of impairment, risk characteristics such as interest rate, loan type, term and investor type are used to stratify the loan servicing rights. Impairment is recognized through a valuation allowance to the extent that fair value is less than the carrying amount. Changes in the valuation allowance are reported in net gain on sales of loans in the consolidated statements of income. The unpaid principal balance of commercial SBA 7(a) loans serviced for others was $5.9 million at March 31, 2016. There were no commercial SBA 7(a) loans serviced for others at September 30, 2015 or March 31, 2015. Contractually specified servicing fees, late fees and ancillary fees earned on commercial SBA 7(a) loans of $15,000 and $27,000 for the three- and six-month periods ended March 31, 2016, respectively, are included in interest income on loans in the consolidated statements of income. This income is offset by direct servicing expenses related to commercial SBA 7(a) loans of $20,000 and $35,000 for the three- and six-month periods ended March 31, 2016, respectively. An analysis of loan servicing rights for the six-month period ended March 31, 2016 is as follows: (In thousands) Balance, beginning of period $ - Servicing rights resulting from transfers of loans 156 Amortization - Change in valuation allowance - Balance, end of period $ 156 |
Real Estate Development and Con
Real Estate Development and Construction | 6 Months Ended |
Mar. 31, 2016 | |
Real Estate [Abstract] | |
Real Estate Development and Construction | 4. Real Estate Development and Construction The Company is developing a parcel of land in New Albany, Indiana for retail purposes through the Bank’s subsidiary, FFCC. The total cost of the development is expected to be approximately $ 7.7 7.6 Depreciation expense of $ 50,000 99,000 49,000 98,000 As a result of the Bank’s conversion to an Indiana-chartered commercial bank and entry in the Federal Reserve System on December 19, 2014, the Company is required under federal regulations to divest of its commercial real estate development by December 19, 2016 but may apply to the Federal Reserve System for extension of the conformance period for up to three additional years, in three one-year increments. The Company is required under Indiana statute to divest of its commercial real estate development within a ten-year period, or prior to December 19, 2024. In connection with its charter conversion, the Bank has committed under a plan of divestiture filed with the Indiana Department of Financial Institutions to divest of the commercial real estate development prior to December 31, 2017, which may require approval from the Federal Reserve System for extension of the federal conformance period beyond December 19, 2016. |
Investment in Historic Tax Cred
Investment in Historic Tax Credit Entity | 6 Months Ended |
Mar. 31, 2016 | |
Investment Contracts [Abstract] | |
Investment in Historic Tax Credit Entity | 5. Investment in Historic Tax Credit Entity On October 15, 2014, the Company entered into an agreement to participate in the rehabilitation of a certified historic structure located in Louisville, Kentucky with a regional commercial developer. As part of the agreement, the Bank committed to invest $ 4.2 99 99 4.6 The Bank invested $417,000 on October 15, 2014 and an additional $417,000 on September 11, 2015 upon 50% completion of the project, and has committed to invest the remaining $3.3 million when the project is fully completed and the certificate of occupancy is received. The project is expected to be fully completed in June 2016. The Bank’s investment in the historic tax credit entity is accounted for under the equity method of accounting. At March 31, 2016, the Bank’s investment of $ 4.2 3.3 |
Supplemental Disclosure for Ear
Supplemental Disclosure for Earnings Per Share | 6 Months Ended |
Mar. 31, 2016 | |
Earnings Per Share [Abstract] | |
Supplemental Disclosure for Earnings Per Share | 6. Supplemental Disclosure for Earnings Per Share When presented, basic earnings per share are computed by dividing income available to common stockholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflect the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the entity. Three Months Ended Six Months Ended March 31, March 31, 2016 2015 2016 2015 (Dollars in thousands, except per share data) Basic: Earnings: Net income $ 1,635 $ 1,527 $ 2,878 $ 2,727 Less: Preferred stock dividends declared (19 ) (43 ) (62 ) (86 ) Net income available to common shareholders $ 1,616 $ 1,484 $ 2,816 $ 2,641 Shares: Weighted average common shares outstanding 2,204,787 2,138,931 2,195,727 2,125,369 Net income per common share, basic $ 0.73 $ 0.69 $ 1.28 $ 1.24 Diluted: Earnings: Net income $ 1,635 $ 1,527 $ 2,878 $ 2,727 Less: Preferred stock dividends declared (19 ) (43 ) (62 ) (86 ) Net income available to common shareholders $ 1,616 $ 1,484 $ 2,816 $ 2,641 Shares: Weighted average common shares outstanding 2,204,787 2,138,931 2,195,727 2,125,369 Add: Dilutive effect of outstanding options 99,159 96,436 104,968 96,967 Add: Dilutive effect of restricted stock - 10,004 - 9,238 Weighted average common shares outstanding as adjusted 2,303,946 2,245,371 2,300,695 2,231,574 Net income per common share, diluted $ 0.70 $ 0.66 $ 1.22 $ 1.18 Unearned ESOP and nonvested Unearned ESOP and nonvested restricted stock shares are not considered as outstanding for purposes of computing weighted average common shares outstanding. |
Supplemental Disclosures of Cas
Supplemental Disclosures of Cash Flow Information | 6 Months Ended |
Mar. 31, 2016 | |
Supplemental Cash Flow Elements [Abstract] | |
Supplemental Disclosures of Cash Flow Information | 7. Supplemental Disclosures of Cash Flow Information Six Months Ended March 31, 2016 2015 (In thousands) Cash payments for: Interest $ 2,017 $ 1,953 Taxes 618 864 Transfers from loans held for sale to loans 1,319 - Transfers from loans to foreclosed real estate 415 398 Proceeds from sales of foreclosed real estate financed through loans 134 290 Noncash exercise of stock options 179 - |
Fair Value Measurements and Dis
Fair Value Measurements and Disclosures about Fair Value of Financial Instruments | 6 Months Ended |
Mar. 31, 2016 | |
Fair Value Disclosures [Abstract] | |
Fair Value Measurements and Disclosures about Fair Value of Financial Instruments | 8. Fair Value Measurements and Disclosures about Fair Value of Financial Instruments Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 820 , Fair Value Measurements, Level 1: Inputs to the valuation methodology are quoted prices, unadjusted, for identical assets or liabilities in active markets. A quoted market price in an active market provides the most reliable evidence of fair value and shall be used to measure fair value whenever available. Level 2: Inputs to the valuation methodology include quoted market prices for similar assets or liabilities in active markets; quoted market prices for identical or similar assets or liabilities in markets that are not active; or inputs that are derived principally from or can be corroborated by observable market data by correlation or other means. Level 3: Inputs to the valuation methodology are unobservable and significant to the fair value measurement. Level 3 assets and liabilities include financial instruments whose value is determined using discounted cash flow methodologies, as well as instruments for which the determination of fair value requires significant management judgment or estimation. A description of the valuation methodologies used for instruments measured at fair value, as well as the general classification of such instruments pursuant to the valuation hierarchy, is set forth below. These valuation methodologies were applied to all of the Company’s financial assets carried at fair value or the lower of cost or fair value. Carrying Value Level 1 Level 2 Level 3 Total (In thousands) March 31, 2016: Assets Measured - Recurring Basis: Trading account securities $ - $ 9,131 $ - $ 9,131 Securities available for sale: Agency bonds and notes $ - $ 1,055 $ - $ 1,055 Agency mortgage-backed - 51,380 - 51,380 Agency CMO - 17,864 - 17,864 Privately-issued CMO - 3,104 - 3,104 Privately-issued ABS - 5,243 - 5,243 SBA certificates - 1,320 1,320 Municipal - 97,478 - 97,478 Total securities available for sale $ - $ 177,444 $ - $ 177,444 Assets Measured - Nonrecurring Basis: Impaired loans: Residential real estate $ - $ - $ 4,774 $ 4,774 Commercial real estate - - 6,485 6,485 Commercial business - - 273 273 Consumer - - 271 271 Total impaired loans $ - $ - $ 11,803 $ 11,803 Loans held for sale $ - $ 5,361 $ - $ 5,361 Loan servicing rights $ - $ - $ 156 $ 156 Other real estate owned, held for sale: Residential real estate $ - $ - $ 209 $ 209 Commercial real estate - - 383 383 Land and land development - - 2 2 Total other real estate owned $ - $ - $ 594 $ 594 Carrying Value Level 1 Level 2 Level 3 Total (In thousands) September 30, 2015: Assets Measured - Recurring Basis: Trading account securities $ - $ 9,044 $ - $ 9,044 Securities available for sale: Agency bonds and notes $ - $ 5,582 $ - $ 5,582 Agency mortgage-backed - 48,278 - 48,278 Agency CMO - 19,014 - 19,014 Privately-issued CMO - 3,470 - 3,470 Privately-issued ABS - 6,109 - 6,109 SBA certificates - 1,480 1,480 Municipal - 94,395 - 94,395 Total securities available for sale $ - $ 178,328 $ - $ 178,328 SBA loans held for sale $ - $ 5,835 $ - $ 5,835 Assets Measured - Nonrecurring Basis: Impaired loans: Residential real estate $ - $ - $ 4,681 $ 4,681 Commercial real estate - - 7,041 7,041 Commercial business - - 222 222 Consumer - - 285 285 Total impaired loans $ - $ - $ 12,229 $ 12,229 Residential mortgage loans held for sale $ - $ 965 $ - $ 965 Other real estate owned, held for sale: Residential real estate $ - $ - $ 434 $ 434 Commercial real estate - - 181 181 Land and land development - - 3 3 Total other real estate owned $ - $ - $ 618 $ 618 Fair value is based upon quoted market prices where available. If quoted market prices are not available, fair value is based on internally developed models or obtained from third parties that primarily use, as inputs, observable market-based parameters or a matrix pricing model that employs the Bond Market Association’s standard calculations for cash flow and price/yield analysis and observable market-based parameters. Valuation adjustments may be made to ensure that financial instruments are recorded at fair value, or at the lower of cost or fair value. These adjustments may include unobservable parameters. Any such valuation adjustments have been applied consistently over time. The Company’s valuation methodologies may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. While management believes the Company’s valuation methodologies are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different estimate of fair value at the reporting date. There have been no changes in the valuation techniques and related inputs used for assets measured at fair value on a recurring and nonrecurring basis during the six-month period ended March 31, 2016. Trading Account Securities and Securities Available for Sale. Impaired Loans Impaired loans are measured at the present value of estimated future cash flows using the loan's effective interest rate or the fair value of the collateral if the loan is a collateral-dependent loan. Collateral may be real estate and/or business assets, including equipment, inventory and/or accounts receivable, and its fair value is generally determined based on real estate appraisals or other independent evaluations by qualified professionals. The appraisals are generally then discounted by management in order to reflect management’s estimate of the fair value of the collateral given the current market conditions and the condition of the collateral. At March 31, 2016 and September 30, 2015, the significant unobservable inputs used in the fair value measurement of impaired loans included a discount from appraised value ranging from 0.0 15.0 0.0 6.0 49,000 Loans Held for Sale Loan Servicing Rights Other Real Estate Owned Other real estate owned is reported at fair value less estimated costs to dispose of the property. The fair values are determined by real estate appraisals, which are then generally discounted by management in order to reflect management’s estimate of the fair value of the property given current market conditions and the condition of the property. At March 31, 2016, the significant unobservable inputs used in the fair value measurement of other real estate owned included a discount from appraised value (including estimated costs to sell the property) ranging from 0.0 61.5 21.7 15.0 56.5 23.6 Transfers Between Categories Financial Instruments Recorded Using Fair Value Option. The Company elected the fair value option for SBA loans held for sale at September 30, 2015. These loans were intended for sale and the Company believed that the fair value was the best indicator of the resolution of these loans. Interest income was recorded based on the contractual terms of the loans and in accordance with the Company’s policy on loans held for investment. None of these loans were 90 days or more past due, nor were any on nonaccrual status as of September 30, 2015. At September 30, 2015, the difference between the aggregate fair value ($ 5.8 5.3 558,000 GAAP requires disclosure of fair value information about financial instruments for interim reporting periods, whether or not recognized in the consolidated balance sheet. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. In that regard, the derived fair value estimates cannot be substantiated by comparison to independent markets and, in many cases, could not be realized in immediate settlement of the instruments. Accordingly, the aggregate fair value amounts presented do not represent the underlying value of the Company. Carrying Fair Value Measurements Using: March 31, 2016: Amount Level 1 Level 2 Level 3 (In thousands) Financial assets: Cash and due from banks $ 8,961 $ 8,961 $ - $ - Interest-bearing deposits with banks 14,991 14,991 - - Interest-bearing time deposits 2,855 - 2,861 - Trading account securities 9,131 - 9,131 - Securities available for sale 177,444 - 177,444 - Securities held to maturity 3,445 - 3,916 - Loans, net 478,518 - - 483,900 Loans held for sale 5,361 - 5,361 - FRB and FHLB stock 6,936 - 6,936 - Accrued interest receivable 2,782 - 2,782 - Loan servicing rights (included in other assets) 156 - - 156 Investment in historic tax credit entity (included in other assets) 4,169 - 4,169 - Financial liabilities: Deposits 567,422 - - 570,004 Short-term repurchase agreements 1,343 - 1,343 - Borrowings from FHLB 100,000 - 101,619 - Other long-term debt 4,537 - 4,537 - Accrued interest payable 200 - 200 - Advance payments by borrowers for taxes and insurance 869 - 869 - Carrying Fair Value Measurements Using: September 30, 2015: Amount Level 1 Level 2 Level 3 (In thousands) Financial assets: Cash and due from banks $ 9,884 $ 9,884 $ - $ - Interest-bearing deposits with banks 15,110 15,110 - - Interest-bearing time deposits 3,100 - 3,099 - Trading account securities 9,044 - 9,044 - Securities available for sale 178,328 - 178,328 - Securities held to maturity 4,620 - 5,191 - Loans, net 457,112 - - 456,331 Loans held for sale 6,803 - 6,803 - FRB and FHLB stock 6,720 - 6,720 - Accrued interest receivable 2,655 - 2,655 - Investment in historic tax credit entity 4,169 - 4,169 - Financial liabilities: Deposits 533,297 - - 536,121 Short-term repurchase agreements 1,342 - 1,342 - Borrowings from FHLB 104,867 - 106,446 - Other long-term debt 4,632 - 4,632 - Accrued interest payable 186 - 186 - Advance payments by borrowers for taxes and insurance 883 - 883 - The carrying amounts in the preceding tables are included in the consolidated balance sheets under the applicable captions. The following methods and assumptions were used to estimate the fair value of each class of financial instrument for which it is practicable to estimate that value: Cash and Cash Equivalents For cash and short-term instruments, including cash and due from banks and interest-bearing deposits with banks, the carrying amount is a reasonable estimate of fair value. Investment Securities and Interest-Bearing Time Deposits For debt securities and interest-bearing time deposits, the Company obtains fair value measurements from an independent pricing service and the fair value measurements consider observable data that may include dealer quotes, market spreads, cash flows, U.S. government and agency yield curves, live trading levels, trade execution data, market consensus prepayment speeds, credit information, and the security’s terms and conditions, among other factors. For FRB and FHLB stock, which are restricted equity securities, the carrying amount is a reasonable estimate of fair value because they are not marketable. Loans The fair value of loans, excluding loans held for sale, is estimated by discounting the future cash flows using the current rates at which similar loans would be made to borrowers with similar credit ratings and terms. Impaired loans are valued at the lower of their carrying value or fair value, as previously described. The carrying amount of accrued interest receivable approximates its fair value. The fair value of loans held for sale is estimated based on specific prices of underlying contracts for sales to investors, as previously described. Other Assets For equity method investments, such as the Company’s investment in the historic tax credit entity, where a quoted market value is not available, the carrying amount is a reasonable estimate of fair value. The fair value of loan serving rights is determined by a valuation model employed by an independent third party using market-based discount rate and prepayment assumptions, as previously described. Deposits The fair value of demand and savings deposits and other transaction accounts is the amount payable on demand at the balance sheet date. The fair value of fixed-maturity time deposits is estimated by discounting the future cash flows using the rates currently offered for deposits with similar remaining maturities. The carrying amount of accrued interest payable approximates its fair value. Borrowed Funds Borrowed funds include borrowings from the FHLB, repurchase agreements and other long-term debt. Fair value for FHLB advances and long-term repurchase agreements is estimated by discounting the future cash flows at current interest rates for FHLB advances of similar maturities. For short-term repurchase agreements, FHLB line of credit borrowings and other debt, the carrying value is a reasonable estimate of fair value. |
Employee Stock Ownership Plan
Employee Stock Ownership Plan | 6 Months Ended |
Mar. 31, 2016 | |
Compensation and Retirement Disclosure [Abstract] | |
Employee Stock Ownership Plan | 9. Employee Stock Ownership Plan On October 6, 2008, the Company established a leveraged employee stock ownership plan (“ESOP”) covering substantially all employees. The ESOP trust acquired 203,363 10.00 628,000 113,000 600,000 March 31, September 30, 2016 2015 Allocated shares 184,100 164,409 Unearned shares - 19,691 Total ESOP shares 184,100 184,100 Fair value of unearned shares $ - $ 669,000 |
Stock Based Compensation Plans
Stock Based Compensation Plans | 6 Months Ended |
Mar. 31, 2016 | |
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract] | |
Stock Based Compensation Plans | Stock Based Compensation Plans The Company’s 2010 Equity Incentive Plan (“Plan”), which the Company’s shareholders approved in February 2010, provides for the award of stock options, restricted shares and performance shares. The aggregate number of shares of the Company’s common stock available for issuance under the Plan may not exceed 355,885 In April 2010, the Company funded a trust, administered by an independent trustee, which acquired 101,681 13.60 1.4 13.25 1.3 41,000 63,000 131,000 There were no restricted shares granted or vested during the six-month period ended March 31, 2016. There were 717 18,000 In May 2010, the Company awarded 177,549 76,655 3.09 Weighted Weighted Average Average Number Exercise Remaining Aggregate of Price Contractual Intrinsic Shares Per Share Term (years) Value (Dollars in thousands, except per share data) Outstanding at October 1, 2015 213,260 $ 13.25 4.6 $ 4,425 Granted - - Exercised (26,210) $ 13.25 $ 580 Forfeited or expired - - Outstanding at March 31, 2016 187,050 $ 13.25 4.1 $ 3,878 Exercisable at March 31, 2016 187,050 $ 13.25 4.1 $ 3,878 The Company recognized compensation expense related to stock options of $ 37,000 76,000 |
Preferred Stock
Preferred Stock | 6 Months Ended |
Mar. 31, 2016 | |
Equity [Abstract] | |
Preferred Stock | 11. Preferred Stock On August 11, 2011, the Company entered into a Securities Purchase Agreement (“Purchase Agreement”) with the United States Department of the Treasury, pursuant to which the Company issued 17,120 1,000 30 10 Holders of the Series A Preferred Stock were entitled to receive non-cumulative dividends, payable quarterly, on each January 1, April 1, July 1 and October 1, beginning October 1, 2011. The dividend rate, as a percentage of the liquidation amount, could have fluctuated on a quarterly basis during the first ten quarters during which the Series A Preferred Stock was outstanding and could have adjusted between 1.0 5.0 2.0 1.0 7.0 9.0 4.84 1.0 1.0 The Series A Preferred Stock was non-voting, except in limited circumstances. In the event that the Company failed to timely make five dividend payments, whether or not consecutive, the holder of the Series A Preferred Stock would have had the right, but not the obligation, to appoint a representative as an observer on the Company’s board of directors. The Series A Preferred Stock could be redeemed at any time at the Company’s option, at a redemption price of one hundred percent ( 100 The Series A Preferred Stock was issued in a private placement exempt from registration pursuant to Section 4(2) of the Securities Act of 1933, as amended. The Company agreed to register the Series A Preferred Stock under certain circumstances set forth in the Purchase Agreement. The Series A Preferred Stock was not subject to any contractual restrictions on transfer. The Series A Preferred Stock was redeemed by the Company for the full liquidation amount of $ 17,120,000 |
Recent Accounting Pronouncement
Recent Accounting Pronouncements | 6 Months Ended |
Mar. 31, 2016 | |
New Accounting Pronouncements and Changes in Accounting Principles [Abstract] | |
Recent Accounting Pronouncements | 12. Recent Accounting Pronouncements The following are summaries of recently issued or adopted accounting pronouncements that impact the accounting and reporting practices of the Company: In May 2014, the FASB issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers (Topic 606) In January 2016, the FASB issued ASU No. 2016-01, Financial Instruments Overall (Subtopic 825-10) Recognition and Measurement of Financial Assets and Financial Liabilities In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) In March 2016, the FASB issued ASU No. 2016-09, Compensation Stock Compensation (Topic 718) Improvements to Employee Share-Based Payment Accounting |
Investment Securities (Tables)
Investment Securities (Tables) | 6 Months Ended |
Mar. 31, 2016 | |
Investments, Debt and Equity Securities [Abstract] | |
Amortized Cost and Fair Value of Securities | The amortized cost of securities available for sale and held to maturity and their approximate fair values are as follows: Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (In thousands) March 31, 2016: Securities available for sale: Agency bonds and notes $ 1,044 $ 11 $ - $ 1,055 Agency mortgage-backed 50,632 776 28 51,380 Agency CMO 17,843 108 87 17,864 Privately-issued CMO 2,744 360 - 3,104 Privately-issued ABS 4,257 989 3 5,243 SBA certificates 1,314 6 - 1,320 Municipal bonds 91,727 5,770 19 97,478 Total securities available for sale $ 169,561 $ 8,020 $ 137 $ 177,444 Securities held to maturity: Agency mortgage-backed $ 280 $ 26 $ - $ 306 Municipal bonds 3,165 445 - 3,610 Total securities held to maturity $ 3,445 $ 471 $ - $ 3,916 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (In thousands) September 30, 2015: Securities available for sale: Agency bonds and notes $ 5,564 $ 18 $ - $ 5,582 Agency mortgage-backed 47,418 901 41 48,278 Agency CMO 18,943 118 47 19,014 Privately-issued CMO 3,005 465 - 3,470 Privately-issued ABS 4,820 1,289 - 6,109 SBA certificates 1,472 8 - 1,480 Municipal bonds 90,380 4,185 170 94,395 Total securities available for sale $ 171,602 $ 6,984 $ 258 $ 178,328 Securities held to maturity: Agency mortgage-backed $ 345 $ 31 $ - $ 376 Municipal bonds 4,275 540 - 4,815 Total securities held to maturity $ 4,620 $ 571 $ - $ 5,191 |
Amortized Cost and Fair Value of Investment Securities by Contractual Maturity | The amortized cost and fair value of investment securities as of March 31, 2016 by contractual maturity are shown below. Expected maturities of mortgage-backed securities, CMO and ABS may differ from contractual maturities because the mortgages underlying the obligations may be prepaid without penalty. Available for Sale Held to Maturity Amortized Fair Amortized Fair Cost Value Cost Value (In thousands) Due within one year $ 2,269 $ 2,303 $ 372 $ 402 Due after one year through five years 5,895 6,278 946 1,079 Due after five years through ten years 20,330 22,127 1,225 1,413 Due after ten years 64,277 67,825 622 716 92,771 98,533 3,165 3,610 CMO 20,587 20,968 - - ABS 4,257 5,243 - - SBA certificates 1,314 1,320 - - Mortgage-backed securities 50,632 51,380 280 306 $ 169,561 $ 177,444 $ 3,445 $ 3,916 |
Available for Sale Securities with Gross Unrealized Losses by Investment Category and Length of Time Individual Securities Have Been in Continuous Loss Position | Information pertaining to investment securities with gross unrealized losses at March 31, 2016, aggregated by investment category and the length of time that individual securities have been in a continuous loss position, follows: Number Gross of Investment Fair Unrealized Positions Value Losses (Dollars in thousands) Securities available for sale: Continuous loss position less than twelve months: Agency mortgage-backed 5 $ 4,189 $ 15 Agency CMO 2 3,345 7 Privately-issued ABS 2 77 3 Municipal bonds 1 388 4 Total less than twelve months 10 7,999 29 Continuous loss position more than twelve months: Agency mortgage-backed 2 1,826 13 Agency CMO 2 5,673 80 Municipal bonds 2 1,308 15 Total more than twelve months 6 8,807 108 Total securities available for sale 16 $ 16,806 $ 137 |
Loans and Allowance for Loan 22
Loans and Allowance for Loan Losses (Tables) | 6 Months Ended |
Mar. 31, 2016 | |
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract] | |
Loans | Loans at March 31, 2016 and September 30, 2015 consisted of the following: March 31, September 30, 2016 2015 (In thousands) Real estate mortgage: 1-4 family residential $ 180,215 $ 181,873 Commercial 186,105 172,995 Multifamily residential 22,212 21,647 Residential construction 21,590 19,723 Commercial construction 14,655 15,548 Land and land development 10,429 11,061 Commercial business loans 39,530 32,574 Consumer: Home equity loans 19,942 19,423 Auto loans 5,048 5,452 Other consumer loans 1,998 2,159 Gross loans 501,724 482,455 Undisbursed portion of construction loans (16,314) (18,599) Principal loan balance 485,410 463,856 Deferred loan origination fees and costs, net (141) (120) Allowance for loan losses (6,751) (6,624) Loans, net $ 478,518 $ 457,112 |
Components of Recorded Investment in Loans for Each Portfolio Class | The following table provides the components of the recorded investment in loans as of March 31, 2016: Residential Commercial Multifamily Construction Land & Land Commercial Consumer Total (In thousands) Recorded Investment in Loans: Principal loan balance $ 180,215 $ 186,105 $ 22,212 $ 19,931 $ 10,429 $ 39,530 $ 26,988 $ 485,410 Accrued interest receivable 549 550 44 48 30 134 59 1,414 Net deferred loan origination fees and costs 235 (269) (19) (74) 8 (13) (9) (141) Recorded investment in loans $ 180,999 $ 186,386 $ 22,237 $ 19,905 $ 10,467 $ 39,651 $ 27,038 $ 486,683 Recorded Investment in Loans as Evaluated for Impairment: Individually evaluated for impairment $ 4,495 $ 6,485 $ - $ - $ - $ 273 $ 274 $ 11,527 Collectively evaluated for impairment 176,088 179,901 22,237 19,905 10,467 39,378 26,735 474,711 Acquired with deteriorated credit quality 416 - - - - - 29 445 Ending balance $ 180,999 $ 186,386 $ 22,237 $ 19,905 $ 10,467 $ 39,651 $ 27,038 $ 486,683 The following table provides the components of the recorded investment in loans as of September 30, 2015: Residential Commercial Multifamily Construction Land & Land Commercial Consumer Total (In thousands) Recorded Investment in Loans: Principal loan balance $ 181,873 $ 172,995 $ 21,647 $ 16,672 $ 11,061 $ 32,574 $ 27,034 $ 463,856 Accrued interest receivable 552 454 47 23 30 95 58 1,259 Net deferred loan origination fees and costs 283 (294) (21) (63) 8 (28) (5) (120) Recorded investment in loans $ 182,708 $ 173,155 $ 21,673 $ 16,632 $ 11,099 $ 32,641 $ 27,087 $ 464,995 Recorded Investment in Loans as Evaluated for Impairment: Individually evaluated for impairment $ 4,391 $ 7,041 $ - $ - $ - $ 222 $ 290 $ 11,944 Collectively evaluated for impairment 177,873 166,114 21,673 16,632 11,099 32,419 26,767 452,577 Acquired with deteriorated credit quality 444 - - - - - 30 474 Ending balance $ 182,708 $ 173,155 $ 21,673 $ 16,632 $ 11,099 $ 32,641 $ 27,087 $ 464,995 |
Allowance for Loan Losses | An analysis of the allowance for loan losses as of March 31, 2016 is as follows: Residential Commercial Land & Land Commercial Real Estate Real Estate Multifamily Construction Development Business Consumer Total (In thousands) Ending Allowance Balance Attributable to Loans: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - $ 3 $ 3 Collectively evaluated for impairment 286 4,595 157 651 345 625 89 6,748 Acquired with deteriorated credit quality - - - - - - - - Ending balance $ 286 $ 4,595 $ 157 $ 651 $ 345 $ 625 $ 92 $ 6,751 An analysis of the allowance for loan losses as of September 30, 2015 is as follows: Residential Commercial Land & Land Commercial Real Estate Real Estate Multifamily Construction Development Business Consumer Total (In thousands) Ending Allowance Balance Attributable to Loans: Individually evaluated for impairment $ 9 $ - $ - $ - $ - $ - $ 5 $ 14 Collectively evaluated for impairment 435 4,327 156 551 369 678 94 6,610 Acquired with deteriorated credit quality - - - - - - - - Ending balance $ 444 $ 4,327 $ 156 $ 551 $ 369 $ 678 $ 99 $ 6,624 An analysis of the changes in the allowance for loan losses for the three months ended March 31, 2016 is as follows: Residential Commercial Land & Land Commercial Real Estate Real Estate Multifamily Construction Development Business Consumer Total (In thousands) Changes in Allowance for Loan Losses: Beginning balance $ 370 $ 4,514 $ 147 $ 594 $ 338 $ 575 $ 106 $ 6,644 Provisions (62) 81 10 57 7 50 (18) 125 Charge-offs (30) - - - - - (18) (48) Recoveries 8 - - - - - 22 30 Ending balance $ 286 $ 4,595 $ 157 $ 651 $ 345 $ 625 $ 92 $ 6,751 An analysis of the changes in the allowance for loan losses for the six months ended March 31, 2016 is as follows: Residential Commercial Land & Land Commercial Real Estate Real Estate Multifamily Construction Development Business Consumer Total (In thousands) Changes in Allowance for Loan Losses: Beginning balance $ 444 $ 4,327 $ 156 $ 551 $ 369 $ 678 $ 99 $ 6,624 Provisions (182) 268 1 100 (24) (53) 15 125 Charge-offs (56) - - - - - (57) (113) Recoveries 80 - - - - - 35 115 Ending balance $ 286 $ 4,595 $ 157 $ 651 $ 345 $ 625 $ 92 $ 6,751 An analysis of the changes in the allowance for loan losses for the three months ended March 31, 2015 is as follows: Residential Commercial Land & Land Commercial Real Estate Real Estate Multifamily Construction Development Business Consumer Total (In thousands) Changes in Allowance for Loan Losses: Beginning balance $ 442 $ 4,217 $ 163 $ 344 $ 299 $ 826 $ 159 $ 6,450 Provisions 145 (108) - 111 17 59 (12) 212 Charge-offs (131) - - - - - (41) (172) Recoveries 1 - - - - 1 22 24 Ending balance $ 457 $ 4,109 $ 163 $ 455 $ 316 $ 886 $ 128 $ 6,514 An analysis of the changes in the allowance for loan losses for the six months ended March 31, 2015 is as follows: Residential Commercial Land & Land Commercial Real Estate Real Estate Multifamily Construction Development Business Consumer Total (In thousands) Changes in Allowance for Loan Losses: Beginning balance $ 577 $ 3,808 $ 146 $ 443 $ 302 $ 795 $ 179 $ 6,250 Provisions (2) 301 17 12 14 90 (13) 419 Charge-offs (143) - - - - - (73) (216) Recoveries 25 - - - - 1 35 61 Ending balance $ 457 $ 4,109 $ 163 $ 455 $ 316 $ 886 $ 128 $ 6,514 |
Impaired Loans Individually Evaluated for Impairment | The following table presents impaired loans individually evaluated for impairment as of March 31, 2016 and for the three and six months ended March 31, 2016 and 2015. At March 31, 2016 Three Months Ended March 31, Six Months Ended March 31, 2016 2016 2015 2015 2016 2016 2015 2015 Recorded Unpaid Related Average Interest Average Interest Average Interest Average Interest (In thousands) Loans with no related allowance recorded: Residential real estate $ 4,774 $ 5,253 $ - $ 5,591 $ 38 $ 5,685 $ 37 $ 5,437 $ 73 $ 5,729 $ 72 Commercial real estate 6,485 6,546 - 6,594 48 5,689 55 6,711 100 5,702 113 Multifamily - - - - - - - - - - - Construction - - - - - - - - - - - Land and land development - - - - - - - - - - - Commercial business 273 258 - 329 1 254 1 322 2 216 1 Consumer 197 202 - 203 2 238 1 205 3 248 3 $ 11,729 $ 12,259 $ - $ 12,717 $ 89 $ 11,866 $ 94 $ 12,675 $ 178 $ 11,895 $ 189 Loans with an allowance recorded: Residential real estate $ - $ - $ - $ - $ - $ 142 $ - $ 1 $ - $ 152 $ - Commercial real estate - - - - - 6 - - - 3 - Multifamily - - - - - - - - - - - Construction - - - - - - - - - - - Land and land development - - - - - - - - - - - Commercial business - - - - - 12 - - - 7 - Consumer 77 77 3 75 - 85 - 76 - 91 - $ 77 $ 77 $ 3 $ 75 $ - $ 245 $ - $ 77 $ - $ 253 $ - Total: Residential real estate $ 4,774 $ 5,253 $ - $ 5,591 $ 38 $ 5,827 $ 37 $ 5,438 $ 73 $ 5,881 $ 72 Commercial real estate 6,485 6,546 - 6,594 48 5,695 55 6,711 100 5,705 113 Multifamily - - - - - - - - - - - Construction - - - - - - - - - - - Land and land development - - - - - - - - - - - Commercial business 273 258 - 329 1 266 1 322 2 223 1 Consumer 274 279 3 278 2 323 1 281 3 339 3 $ 11,806 $ 12,336 $ 3 $ 12,792 $ 89 $ 12,111 $ 94 $ 12,752 $ 178 $ 12,148 $ 189 The following table presents impaired loans individually evaluated for impairment as of September 30, 2015. Recorded Unpaid Related (In thousands) Loans with no related allowance recorded: Residential real estate $ 4,681 $ 5,245 $ - Commercial real estate 7,041 7,079 - Multifamily - - - Construction - - - Land and land development - - - Commercial business 222 282 - Consumer 210 214 - $ 12,154 $ 12,820 $ - Loans with an allowance recorded: Residential real estate $ 9 $ 9 $ 9 Commercial real estate - - - Multifamily - - - Construction - - - Land and land development - - - Commercial business - - - Consumer 80 80 5 $ 89 $ 89 $ 14 Total: Residential real estate $ 4,690 $ 5,254 $ 9 Commercial real estate 7,041 7,079 - Multifamily - - - Construction - - - Land and land development - - - Commercial business 222 282 - Consumer 290 294 5 $ 12,243 $ 12,909 $ 14 |
Recorded Investment in Nonperforming Loans by Class of Loans | Nonperforming loans consist of nonaccrual loans and loans over 90 days past due and still accruing interest. The following table presents the recorded investment in nonperforming loans at March 31, 2016: Loans 90+ Days Total Nonaccrual Past Due Nonperforming Loans Still Accruing Loans (In thousands) Residential real estate $ 1,880 $ 103 $ 1,983 Commercial real estate 1,688 126 1,814 Multifamily - - - Construction - - - Land and land development - 90 90 Commercial business 173 - 173 Consumer 157 - 157 Total $ 3,898 $ 319 $ 4,217 The following table presents the recorded investment in nonperforming loans at September 30, 2015: Loans 90+ Days Total Nonaccrual Past Due Nonperforming Loans Still Accruing Loans (In thousands) Residential real estate $ 1,923 $ 155 $ 2,078 Commercial real estate 1,855 - 1,855 Multifamily - - - Construction - - - Land and land development - - - Commercial business 210 94 304 Consumer 165 3 168 Total $ 4,153 $ 252 $ 4,405 |
Aging of Recorded Investment in Past Due Loans | The following table presents the aging of the recorded investment in past due loans at March 31, 2016: 30-59 60-89 90 + Days Days Days Total Total Past Due Past Due Past Due Past Due Current Loans (In thousands) Residential real estate $ 2,361 $ 531 $ 1,643 $ 4,535 $ 176,464 $ 180,999 Commercial real estate 276 - 302 578 185,808 186,386 Multifamily - - - - 22,237 22,237 Construction - - - - 19,905 19,905 Land and land development 245 - 90 335 10,132 10,467 Commercial business 4 - 173 177 39,474 39,651 Consumer 94 3 32 129 26,909 27,038 Total $ 2,980 $ 534 $ 2,240 $ 5,754 $ 480,929 $ 486,683 The following table presents the aging of the recorded investment in past due loans at September 30, 2015: 30-59 60-89 90 + Days Days Days Total Total Past Due Past Due Past Due Past Due Current Loans (In thousands) Residential real estate $ 3,635 $ 1,419 $ 1,530 $ 6,584 $ 176,124 $ 182,708 Commercial real estate 1,098 113 139 1,350 171,805 173,155 Multifamily 504 - - 504 21,169 21,673 Construction - - - - 16,632 16,632 Land and land development 253 - - 253 10,846 11,099 Commercial business 15 - 303 318 32,323 32,641 Consumer 81 14 32 127 26,960 27,087 Total $ 5,586 $ 1,546 $ 2,004 $ 9,136 $ 455,859 $ 464,995 |
Recorded Investment in Loans by Risk Category | As of March 31, 2016, and based on the most recent analysis performed, the recorded investment in loans by risk category was as follows: Residential Commercial Land and Land Commercial Real Estate Real Estate Multifamily Construction Development Business Consumer Total (In thousands) Pass $ 174,592 $ 179,426 $ 22,237 $ 19,905 $ 10,222 $ 39,478 $ 26,780 $ 472,640 Special Mention 1,006 176 - - - - 11 1,193 Substandard 5,231 6,784 - - 245 173 244 12,677 Doubtful 170 - - - - - 3 173 Loss - - - - - - - - Total $ 180,999 $ 186,386 $ 22,237 $ 19,905 $ 10,467 $ 39,651 $ 27,038 $ 486,683 As of September 30, 2015, the recorded investment in loans by risk category was as follows: Residential Commercial Land and Land Commercial Real Estate Real Estate Multifamily Construction Development Business Consumer Total (In thousands) Pass $ 175,662 $ 160,224 $ 21,673 $ 16,632 $ 11,079 $ 32,335 $ 26,793 $ 444,398 Special Mention 799 5,342 - - - 96 13 6,250 Substandard 5,871 7,589 - - 20 173 274 13,927 Doubtful 376 - - - - 37 7 420 Loss - - - - - - - - Total $ 182,708 $ 173,155 $ 21,673 $ 16,632 $ 11,099 $ 32,641 $ 27,087 $ 464,995 |
Recorded Investment in Troubled Debt Restructurings by Class of Loan and Accrual Status | The following table summarizes the Company’s recorded investment in TDRs at March 31, 2016 and September 30, 2015. There was no specific reserve included in the allowance for loan losses related to TDRs at March 31, 2016 and September 30, 2015. Accruing Nonaccrual Total (In thousands) March 31, 2016: Residential real estate $ 2,894 $ 111 $ 3,005 Commercial real estate 4,797 1,511 6,308 Commercial business 100 28 128 Consumer 117 - 117 Total $ 7,908 $ 1,650 $ 9,558 September 30, 2015: Residential real estate $ 2,767 $ 110 $ 2,877 Commercial real estate 5,186 1,523 6,709 Commercial business 12 - 12 Consumer 125 - 125 Total $ 8,090 $ 1,633 $ 9,723 |
Troubled Debt Restructurings | The following table summarizes information in regard to TDRs that were restructured during the three and six-month periods ended March 31, 2016 and 2015: Pre- Post- Modification Modification Number of Principal Principal Loans Balance Balance (In thousands) March 31, 2016: Three Months Ended March 31, 2016: Residential real estate 1 $ 107 $ 121 Total 1 $ 107 $ 121 Six Months Ended March 31, 2016: Residential real estate 5 $ 181 $ 247 Commercial business 2 88 118 Total 7 $ 269 $ 365 March 31, 2015: Six Months Ended March 31, 2015: Residential real estate 2 $ 165 $ 172 Total 2 $ 165 $ 172 |
Loan Servicing Rights | An analysis of loan servicing rights for the six-month period ended March 31, 2016 is as follows: (In thousands) Balance, beginning of period $ - Servicing rights resulting from transfers of loans 156 Amortization - Change in valuation allowance - Balance, end of period $ 156 |
Supplemental Disclosure for E23
Supplemental Disclosure for Earnings Per Share (Tables) | 6 Months Ended |
Mar. 31, 2016 | |
Earnings Per Share [Abstract] | |
Earnings Per Share Information | Earnings per share information is presented below for the three- and six-month periods ended March 31, 2016 and 2015. Three Months Ended Six Months Ended March 31, March 31, 2016 2015 2016 2015 (Dollars in thousands, except per share data) Basic: Earnings: Net income $ 1,635 $ 1,527 $ 2,878 $ 2,727 Less: Preferred stock dividends declared (19 ) (43 ) (62 ) (86 ) Net income available to common shareholders $ 1,616 $ 1,484 $ 2,816 $ 2,641 Shares: Weighted average common shares outstanding 2,204,787 2,138,931 2,195,727 2,125,369 Net income per common share, basic $ 0.73 $ 0.69 $ 1.28 $ 1.24 Diluted: Earnings: Net income $ 1,635 $ 1,527 $ 2,878 $ 2,727 Less: Preferred stock dividends declared (19 ) (43 ) (62 ) (86 ) Net income available to common shareholders $ 1,616 $ 1,484 $ 2,816 $ 2,641 Shares: Weighted average common shares outstanding 2,204,787 2,138,931 2,195,727 2,125,369 Add: Dilutive effect of outstanding options 99,159 96,436 104,968 96,967 Add: Dilutive effect of restricted stock - 10,004 - 9,238 Weighted average common shares outstanding as adjusted 2,303,946 2,245,371 2,300,695 2,231,574 Net income per common share, diluted $ 0.70 $ 0.66 $ 1.22 $ 1.18 |
Supplemental Disclosures of C24
Supplemental Disclosures of Cash Flow Information (Tables) | 6 Months Ended |
Mar. 31, 2016 | |
Supplemental Cash Flow Elements [Abstract] | |
Supplemental Cash Flow Information | Six Months Ended March 31, 2016 2015 (In thousands) Cash payments for: Interest $ 2,017 $ 1,953 Taxes 618 864 Transfers from loans held for sale to loans 1,319 - Transfers from loans to foreclosed real estate 415 398 Proceeds from sales of foreclosed real estate financed through loans 134 290 Noncash exercise of stock options 179 - |
Fair Value Measurements and D25
Fair Value Measurements and Disclosures about Fair Value of Financial Instruments (Tables) | 6 Months Ended |
Mar. 31, 2016 | |
Fair Value Disclosures [Abstract] | |
Financial Assets Measured at Fair Value on Recurring and Nonrecurring Basis | The tables below present the balances of financial assets measured at fair value on a recurring and nonrecurring basis as of March 31, 2016 and September 30, 2015. The Company had no liabilities measured at fair value as of March 31, 2016 or September 30, 2015. Carrying Value Level 1 Level 2 Level 3 Total (In thousands) March 31, 2016: Assets Measured - Recurring Basis: Trading account securities $ - $ 9,131 $ - $ 9,131 Securities available for sale: Agency bonds and notes $ - $ 1,055 $ - $ 1,055 Agency mortgage-backed - 51,380 - 51,380 Agency CMO - 17,864 - 17,864 Privately-issued CMO - 3,104 - 3,104 Privately-issued ABS - 5,243 - 5,243 SBA certificates - 1,320 1,320 Municipal - 97,478 - 97,478 Total securities available for sale $ - $ 177,444 $ - $ 177,444 Assets Measured - Nonrecurring Basis: Impaired loans: Residential real estate $ - $ - $ 4,774 $ 4,774 Commercial real estate - - 6,485 6,485 Commercial business - - 273 273 Consumer - - 271 271 Total impaired loans $ - $ - $ 11,803 $ 11,803 Loans held for sale $ - $ 5,361 $ - $ 5,361 Loan servicing rights $ - $ - $ 156 $ 156 Other real estate owned, held for sale: Residential real estate $ - $ - $ 209 $ 209 Commercial real estate - - 383 383 Land and land development - - 2 2 Total other real estate owned $ - $ - $ 594 $ 594 Carrying Value Level 1 Level 2 Level 3 Total (In thousands) September 30, 2015: Assets Measured - Recurring Basis: Trading account securities $ - $ 9,044 $ - $ 9,044 Securities available for sale: Agency bonds and notes $ - $ 5,582 $ - $ 5,582 Agency mortgage-backed - 48,278 - 48,278 Agency CMO - 19,014 - 19,014 Privately-issued CMO - 3,470 - 3,470 Privately-issued ABS - 6,109 - 6,109 SBA certificates - 1,480 1,480 Municipal - 94,395 - 94,395 Total securities available for sale $ - $ 178,328 $ - $ 178,328 SBA loans held for sale $ - $ 5,835 $ - $ 5,835 Assets Measured - Nonrecurring Basis: Impaired loans: Residential real estate $ - $ - $ 4,681 $ 4,681 Commercial real estate - - 7,041 7,041 Commercial business - - 222 222 Consumer - - 285 285 Total impaired loans $ - $ - $ 12,229 $ 12,229 Residential mortgage loans held for sale $ - $ 965 $ - $ 965 Other real estate owned, held for sale: Residential real estate $ - $ - $ 434 $ 434 Commercial real estate - - 181 181 Land and land development - - 3 3 Total other real estate owned $ - $ - $ 618 $ 618 |
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block] | The carrying amounts and estimated fair values of the Company's financial instruments are as follows: Carrying Fair Value Measurements Using: March 31, 2016: Amount Level 1 Level 2 Level 3 (In thousands) Financial assets: Cash and due from banks $ 8,961 $ 8,961 $ - $ - Interest-bearing deposits with banks 14,991 14,991 - - Interest-bearing time deposits 2,855 - 2,861 - Trading account securities 9,131 - 9,131 - Securities available for sale 177,444 - 177,444 - Securities held to maturity 3,445 - 3,916 - Loans, net 478,518 - - 483,900 Loans held for sale 5,361 - 5,361 - FRB and FHLB stock 6,936 - 6,936 - Accrued interest receivable 2,782 - 2,782 - Loan servicing rights (included in other assets) 156 - - 156 Investment in historic tax credit entity (included in other assets) 4,169 - 4,169 - Financial liabilities: Deposits 567,422 - - 570,004 Short-term repurchase agreements 1,343 - 1,343 - Borrowings from FHLB 100,000 - 101,619 - Other long-term debt 4,537 - 4,537 - Accrued interest payable 200 - 200 - Advance payments by borrowers for taxes and insurance 869 - 869 - Carrying Fair Value Measurements Using: September 30, 2015: Amount Level 1 Level 2 Level 3 (In thousands) Financial assets: Cash and due from banks $ 9,884 $ 9,884 $ - $ - Interest-bearing deposits with banks 15,110 15,110 - - Interest-bearing time deposits 3,100 - 3,099 - Trading account securities 9,044 - 9,044 - Securities available for sale 178,328 - 178,328 - Securities held to maturity 4,620 - 5,191 - Loans, net 457,112 - - 456,331 Loans held for sale 6,803 - 6,803 - FRB and FHLB stock 6,720 - 6,720 - Accrued interest receivable 2,655 - 2,655 - Investment in historic tax credit entity 4,169 - 4,169 - Financial liabilities: Deposits 533,297 - - 536,121 Short-term repurchase agreements 1,342 - 1,342 - Borrowings from FHLB 104,867 - 106,446 - Other long-term debt 4,632 - 4,632 - Accrued interest payable 186 - 186 - Advance payments by borrowers for taxes and insurance 883 - 883 - |
Employee Stock Ownership Plan (
Employee Stock Ownership Plan (Tables) | 6 Months Ended |
Mar. 31, 2016 | |
Share-Based Arrangements With Employees and Nonemployees [Abstract] | |
Common Stock Held by Employee Stock Ownership Plan Trust | Company common stock held by the ESOP trust at March 31, 2016 and September 30, 2015 was as follows: March 31, September 30, 2016 2015 Allocated shares 184,100 164,409 Unearned shares - 19,691 Total ESOP shares 184,100 184,100 Fair value of unearned shares $ - $ 669,000 |
Stock Based Compensation Plans
Stock Based Compensation Plans (Tables) | 6 Months Ended |
Mar. 31, 2016 | |
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract] | |
Stock Option Activity | A summary of stock option activity under the Plan as of March 31, 2016, and changes during the six-month period then ended is presented below. Weighted Weighted Average Average Number Exercise Remaining Aggregate of Price Contractual Intrinsic Shares Per Share Term (years) Value (Dollars in thousands, except per share data) Outstanding at October 1, 2015 213,260 $ 13.25 4.6 $ 4,425 Granted - - Exercised (26,210) $ 13.25 $ 580 Forfeited or expired - - Outstanding at March 31, 2016 187,050 $ 13.25 4.1 $ 3,878 Exercisable at March 31, 2016 187,050 $ 13.25 4.1 $ 3,878 |
Investment Securities (Amortize
Investment Securities (Amortized Cost And Fair Value Of Securities) (Detail) - USD ($) $ in Thousands | Mar. 31, 2016 | Sep. 30, 2015 |
Schedule of Cost-method Investments [Line Items] | ||
Available-for-Sale, Amortized Cost | $ 169,561 | $ 171,602 |
Available-for-Sale, Gross Unrealized Gains | 8,020 | 6,984 |
Available-for-Sale, Gross Unrealized Losses | 137 | 258 |
Available-for-sale, Fair Value | 177,444 | 178,328 |
Held-to-Maturity, Amortized Cost | 3,445 | 4,620 |
Held-to-Maturity, Gross Unrealized Gains | 471 | 571 |
Held-to-Maturity, Gross Unrealized Losses | 0 | 0 |
Held-to-Maturity, Fair Value | 3,916 | 5,191 |
Agency bonds and notes | ||
Schedule of Cost-method Investments [Line Items] | ||
Available-for-Sale, Amortized Cost | 1,044 | 5,564 |
Available-for-Sale, Gross Unrealized Gains | 11 | 18 |
Available-for-Sale, Gross Unrealized Losses | 0 | 0 |
Available-for-sale, Fair Value | 1,055 | 5,582 |
Agency mortgage-backed | ||
Schedule of Cost-method Investments [Line Items] | ||
Available-for-Sale, Amortized Cost | 50,632 | 47,418 |
Available-for-Sale, Gross Unrealized Gains | 776 | 901 |
Available-for-Sale, Gross Unrealized Losses | 28 | 41 |
Available-for-sale, Fair Value | 51,380 | 48,278 |
Held-to-Maturity, Amortized Cost | 280 | 345 |
Held-to-Maturity, Gross Unrealized Gains | 26 | 31 |
Held-to-Maturity, Gross Unrealized Losses | 0 | 0 |
Held-to-Maturity, Fair Value | 306 | 376 |
Agency CMO | ||
Schedule of Cost-method Investments [Line Items] | ||
Available-for-Sale, Amortized Cost | 17,843 | 18,943 |
Available-for-Sale, Gross Unrealized Gains | 108 | 118 |
Available-for-Sale, Gross Unrealized Losses | 87 | 47 |
Available-for-sale, Fair Value | 17,864 | 19,014 |
Privately-issued CMO | ||
Schedule of Cost-method Investments [Line Items] | ||
Available-for-Sale, Amortized Cost | 2,744 | 3,005 |
Available-for-Sale, Gross Unrealized Gains | 360 | 465 |
Available-for-Sale, Gross Unrealized Losses | 0 | 0 |
Available-for-sale, Fair Value | 3,104 | 3,470 |
Privately-issued ABS | ||
Schedule of Cost-method Investments [Line Items] | ||
Available-for-Sale, Amortized Cost | 4,257 | 4,820 |
Available-for-Sale, Gross Unrealized Gains | 989 | 1,289 |
Available-for-Sale, Gross Unrealized Losses | 3 | 0 |
Available-for-sale, Fair Value | 5,243 | 6,109 |
SBA certificates | ||
Schedule of Cost-method Investments [Line Items] | ||
Available-for-Sale, Amortized Cost | 1,314 | 1,472 |
Available-for-Sale, Gross Unrealized Gains | 6 | 8 |
Available-for-Sale, Gross Unrealized Losses | 0 | 0 |
Available-for-sale, Fair Value | 1,320 | 1,480 |
Municipal bonds | ||
Schedule of Cost-method Investments [Line Items] | ||
Available-for-Sale, Amortized Cost | 91,727 | 90,380 |
Available-for-Sale, Gross Unrealized Gains | 5,770 | 4,185 |
Available-for-Sale, Gross Unrealized Losses | 19 | 170 |
Available-for-sale, Fair Value | 97,478 | 94,395 |
Held-to-Maturity, Amortized Cost | 3,165 | 4,275 |
Held-to-Maturity, Gross Unrealized Gains | 445 | 540 |
Held-to-Maturity, Gross Unrealized Losses | 0 | 0 |
Held-to-Maturity, Fair Value | $ 3,610 | $ 4,815 |
Investment Securities (Amorti29
Investment Securities (Amortized Cost And Fair Value Of Investment Securities By Contractual Maturity) (Detail) - USD ($) $ in Thousands | Mar. 31, 2016 | Sep. 30, 2015 |
Schedule of Available-for-sale Securities [Line Items] | ||
Available for Sale, Amortized Cost, Due within one year | $ 2,269 | |
Available for Sale, Amortized Cost, Due after one year through five years | 5,895 | |
Available for Sale, Amortized Cost, Due after five years through ten years | 20,330 | |
Available for Sale, Amortized Cost, Due after ten years | 64,277 | |
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Total | 92,771 | |
Available-for-Sale, Amortized Cost | 169,561 | $ 171,602 |
Available for Sale, Fair Value, Due within one year | 2,303 | |
Available for Sale, Fair Value, Due after one year through five years | 6,278 | |
Available for Sale, Fair Value, Due after five years through ten years | 22,127 | |
Available for Sale, Fair Value, Due after ten years | 67,825 | |
Available-for-sale Securities, Debt Maturities, Fair Value, Total | 98,533 | |
Available-for-sale, Fair Value | 177,444 | 178,328 |
Held to Maturity, Amortized Cost, Due within one year | 372 | |
Held to Maturity, Amortized Cost, Due after one year through five years | 946 | |
Held to Maturity, Amortized Cost, Due after five years through ten years | 1,225 | |
Held to Maturity, Amortized Cost, Due after ten years | 622 | |
Held-to-maturity Securities, Debt Maturities, Net Carrying Amount, Total | 3,165 | |
Held-to-Maturity, Amortized Cost | 3,445 | 4,620 |
Held to Maturity, Fair Value, Due within one year | 402 | |
Held to Maturity, Fair Value, Due after one year through five years | 1,079 | |
Held to Maturity, Fair Value, Due after five years through ten years | 1,413 | |
Held to Maturity, Fair Value, Due after ten years | 716 | |
Held-to-maturity Securities, Debt Maturities, Fair Value, Total | 3,610 | |
Held-to-Maturity, Fair Value | 3,916 | $ 5,191 |
Collateralized Mortgage Obligations | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-Sale, Amortized Cost | 20,587 | |
Available-for-sale, Fair Value | 20,968 | |
Held-to-Maturity, Amortized Cost | 0 | |
Held-to-Maturity, Fair Value | 0 | |
Asset-backed Securities | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-Sale, Amortized Cost | 4,257 | |
Available-for-sale, Fair Value | 5,243 | |
Held-to-Maturity, Amortized Cost | 0 | |
Held-to-Maturity, Fair Value | 0 | |
SBA certificates | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-Sale, Amortized Cost | 1,314 | |
Available-for-sale, Fair Value | 1,320 | |
Held-to-Maturity, Amortized Cost | 0 | |
Held-to-Maturity, Fair Value | 0 | |
Mortgage-backed securities | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-Sale, Amortized Cost | 50,632 | |
Available-for-sale, Fair Value | 51,380 | |
Held-to-Maturity, Amortized Cost | 280 | |
Held-to-Maturity, Fair Value | $ 306 |
Investment Securities (Availabl
Investment Securities (Available For Sale Securities With Gross Unrealized Losses By Investment Category And Length Of Time Individual Securities Have Been In Continuous Loss Position) (Detail) $ in Thousands | Mar. 31, 2016USD ($) |
Investments, Unrealized Loss Position [Line Items] | |
Securities available for sale, Continuous loss position less than twelve months, Number of Investment Positions | 10 |
Securities available for sale, Continuous loss position more than twelve months, Number of Investment Positions | 6 |
Securities available for sale, Number of Investment Positions | 16 |
Securities available for sale, Continuous loss position less than twelve months, Fair Value | $ 7,999 |
Securities available for sale, Continuous loss position more than twelve months, Fair Value | 8,807 |
Securities available for sale, Fair Value | 16,806 |
Securities available for sale, Continuous loss position less than twelve months, Gross Unrealized Losses | 29 |
Securities available for sale, Continuous loss position more than twelve months, Gross Unrealized Losses | 108 |
Securities available for sale, Continuous loss position, Gross Unrealized Losses | $ 137 |
Agency mortgage-backed | |
Investments, Unrealized Loss Position [Line Items] | |
Securities available for sale, Continuous loss position less than twelve months, Number of Investment Positions | 5 |
Securities available for sale, Continuous loss position more than twelve months, Number of Investment Positions | 2 |
Securities available for sale, Continuous loss position less than twelve months, Fair Value | $ 4,189 |
Securities available for sale, Continuous loss position more than twelve months, Fair Value | 1,826 |
Securities available for sale, Continuous loss position less than twelve months, Gross Unrealized Losses | 15 |
Securities available for sale, Continuous loss position more than twelve months, Gross Unrealized Losses | $ 13 |
Agency CMO | |
Investments, Unrealized Loss Position [Line Items] | |
Securities available for sale, Continuous loss position less than twelve months, Number of Investment Positions | 2 |
Securities available for sale, Continuous loss position more than twelve months, Number of Investment Positions | 2 |
Securities available for sale, Continuous loss position less than twelve months, Fair Value | $ 3,345 |
Securities available for sale, Continuous loss position more than twelve months, Fair Value | 5,673 |
Securities available for sale, Continuous loss position less than twelve months, Gross Unrealized Losses | 7 |
Securities available for sale, Continuous loss position more than twelve months, Gross Unrealized Losses | $ 80 |
Privately-issued ABS | |
Investments, Unrealized Loss Position [Line Items] | |
Securities available for sale, Continuous loss position less than twelve months, Number of Investment Positions | 2 |
Securities available for sale, Continuous loss position less than twelve months, Fair Value | $ 77 |
Securities available for sale, Continuous loss position less than twelve months, Gross Unrealized Losses | $ 3 |
Municipal bonds | |
Investments, Unrealized Loss Position [Line Items] | |
Securities available for sale, Continuous loss position less than twelve months, Number of Investment Positions | 1 |
Securities available for sale, Continuous loss position more than twelve months, Number of Investment Positions | 2 |
Securities available for sale, Continuous loss position less than twelve months, Fair Value | $ 388 |
Securities available for sale, Continuous loss position more than twelve months, Fair Value | 1,308 |
Securities available for sale, Continuous loss position less than twelve months, Gross Unrealized Losses | 4 |
Securities available for sale, Continuous loss position more than twelve months, Gross Unrealized Losses | $ 15 |
Investment Securities (Addition
Investment Securities (Additional Information) (Detail) - USD ($) | 3 Months Ended | 6 Months Ended | |||
Mar. 31, 2016 | Mar. 31, 2015 | Mar. 31, 2016 | Mar. 31, 2015 | Sep. 30, 2015 | |
Schedule of Available-for-sale Securities [Line Items] | |||||
Trading account securities | $ 9,131,000 | $ 9,131,000 | $ 9,044,000 | ||
Net gain on trading account securities | 251,000 | $ 89,000 | 428,000 | $ 160,000 | |
Net realized gain on trading account securities | 232,000 | 82,000 | 425,000 | 159,000 | |
Unrealized gains on trading account securities | $ 19,000 | $ 7,000 | $ 3,000 | $ 1,000 | |
Weighted Average Yield Of Available For Sale Securities In Loss Positions | 1.90% | 1.90% | |||
Weighted Average Coupon Rate Available For Sale Securities In Loss Positions | 3.15% | 3.15% | |||
Investments, Fair Value Disclosure, Total | $ 77,000 | $ 77,000 | |||
Unrealized Loss on Securities | $ 3,000 | ||||
Two Privately Issued Asset Backed Securities [Member] | |||||
Schedule of Available-for-sale Securities [Line Items] | |||||
Available for sale debt securities in loss position, depreciation percentage | 4.04% | 4.04% | |||
Debt Securities | |||||
Schedule of Available-for-sale Securities [Line Items] | |||||
Available for sale debt securities in loss position, depreciation percentage | 0.79% | 0.79% | |||
Debt Securities | Downgraded Due To Potential Credit Losses | |||||
Schedule of Available-for-sale Securities [Line Items] | |||||
Carrying Value Of Downgraded Due To Potential Credit Losses | $ 2,200,000 | $ 2,200,000 | |||
Debt Securities | Downgraded Privately Issued CMOs | |||||
Schedule of Available-for-sale Securities [Line Items] | |||||
Fair Market Value Of Downgraded Privately Issued Collateralized Mortgage Obligations | $ 3,100,000 | $ 3,100,000 |
Loans and Allowance for Loan 32
Loans and Allowance for Loan Losses (Loans) (Detail) - USD ($) $ in Thousands | Mar. 31, 2016 | Sep. 30, 2015 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Gross loans | $ 501,724 | $ 482,455 |
Undisbursed portion of construction loans | (16,314) | (18,599) |
Principal loan balance | 485,410 | 463,856 |
Deferred loan origination fees and costs, net | (141) | (120) |
Allowance for loan losses | (6,751) | (6,624) |
Loans, net | 478,518 | 457,112 |
Commercial | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Principal loan balance | 186,105 | 172,995 |
Deferred loan origination fees and costs, net | (269) | (294) |
Multifamily residential | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Principal loan balance | 22,212 | 21,647 |
Deferred loan origination fees and costs, net | (19) | (21) |
Land and land development | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Principal loan balance | 10,429 | 11,061 |
Deferred loan origination fees and costs, net | 8 | 8 |
Commercial business | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Principal loan balance | 39,530 | 32,574 |
Deferred loan origination fees and costs, net | (13) | (28) |
Real estate mortgage | 1-4 family residential | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Gross loans | 180,215 | 181,873 |
Real estate mortgage | Commercial | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Gross loans | 186,105 | 172,995 |
Real estate mortgage | Multifamily residential | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Gross loans | 22,212 | 21,647 |
Real estate mortgage | Residential construction | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Gross loans | 21,590 | 19,723 |
Real estate mortgage | Commercial construction | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Gross loans | 14,655 | 15,548 |
Real estate mortgage | Land and land development | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Gross loans | 10,429 | 11,061 |
Real estate mortgage | Commercial business | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Gross loans | 39,530 | 32,574 |
Consumer | Home equity | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Gross loans | 19,942 | 19,423 |
Consumer | Auto | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Gross loans | 5,048 | 5,452 |
Consumer | Other consumer | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Gross loans | $ 1,998 | $ 2,159 |
Loans and Allowance for Loan 33
Loans and Allowance for Loan Losses (Components Of Recorded Investment In Loans For Each Portfolio Class) (Detail) - USD ($) $ in Thousands | Mar. 31, 2016 | Sep. 30, 2015 |
Recorded Investment in Loans: | ||
Principal loan balance | $ 485,410 | $ 463,856 |
Accrued interest receivable | 1,414 | 1,259 |
Net deferred loan origination fees and costs | (141) | (120) |
Recorded investment in loans | 486,683 | 464,995 |
Recorded Investment in Loans as Evaluated for Impairment: | ||
Individually evaluated for impairment | 11,527 | 11,944 |
Collectively evaluated for impairment | 474,711 | 452,577 |
Acquired with deteriorated credit quality | 445 | 474 |
Ending balance | 486,683 | 464,995 |
Residential Real Estate | ||
Recorded Investment in Loans: | ||
Principal loan balance | 180,215 | 181,873 |
Accrued interest receivable | 549 | 552 |
Net deferred loan origination fees and costs | 235 | 283 |
Recorded investment in loans | 180,999 | 182,708 |
Recorded Investment in Loans as Evaluated for Impairment: | ||
Individually evaluated for impairment | 4,495 | 4,391 |
Collectively evaluated for impairment | 176,088 | 177,873 |
Acquired with deteriorated credit quality | 416 | 444 |
Ending balance | 180,999 | 182,708 |
Commercial real estate | ||
Recorded Investment in Loans: | ||
Principal loan balance | 186,105 | 172,995 |
Accrued interest receivable | 550 | 454 |
Net deferred loan origination fees and costs | (269) | (294) |
Recorded investment in loans | 186,386 | 173,155 |
Recorded Investment in Loans as Evaluated for Impairment: | ||
Individually evaluated for impairment | 6,485 | 7,041 |
Collectively evaluated for impairment | 179,901 | 166,114 |
Acquired with deteriorated credit quality | 0 | 0 |
Ending balance | 186,386 | 173,155 |
Multi-family residential | ||
Recorded Investment in Loans: | ||
Principal loan balance | 22,212 | 21,647 |
Accrued interest receivable | 44 | 47 |
Net deferred loan origination fees and costs | (19) | (21) |
Recorded investment in loans | 22,237 | 21,673 |
Recorded Investment in Loans as Evaluated for Impairment: | ||
Individually evaluated for impairment | 0 | 0 |
Collectively evaluated for impairment | 22,237 | 21,673 |
Acquired with deteriorated credit quality | 0 | 0 |
Ending balance | 22,237 | 21,673 |
Construction Loans | ||
Recorded Investment in Loans: | ||
Principal loan balance | 19,931 | 16,672 |
Accrued interest receivable | 48 | 23 |
Net deferred loan origination fees and costs | (74) | (63) |
Recorded investment in loans | 19,905 | 16,632 |
Recorded Investment in Loans as Evaluated for Impairment: | ||
Individually evaluated for impairment | 0 | 0 |
Collectively evaluated for impairment | 19,905 | 16,632 |
Acquired with deteriorated credit quality | 0 | 0 |
Ending balance | 19,905 | 16,632 |
Land and land development | ||
Recorded Investment in Loans: | ||
Principal loan balance | 10,429 | 11,061 |
Accrued interest receivable | 30 | 30 |
Net deferred loan origination fees and costs | 8 | 8 |
Recorded investment in loans | 10,467 | 11,099 |
Recorded Investment in Loans as Evaluated for Impairment: | ||
Individually evaluated for impairment | 0 | 0 |
Collectively evaluated for impairment | 10,467 | 11,099 |
Acquired with deteriorated credit quality | 0 | 0 |
Ending balance | 10,467 | 11,099 |
Commercial business loans | ||
Recorded Investment in Loans: | ||
Principal loan balance | 39,530 | 32,574 |
Accrued interest receivable | 134 | 95 |
Net deferred loan origination fees and costs | (13) | (28) |
Recorded investment in loans | 39,651 | 32,641 |
Recorded Investment in Loans as Evaluated for Impairment: | ||
Individually evaluated for impairment | 273 | 222 |
Collectively evaluated for impairment | 39,378 | 32,419 |
Acquired with deteriorated credit quality | 0 | 0 |
Ending balance | 39,651 | 32,641 |
Consumer | ||
Recorded Investment in Loans: | ||
Principal loan balance | 26,988 | 27,034 |
Accrued interest receivable | 59 | 58 |
Net deferred loan origination fees and costs | (9) | (5) |
Recorded investment in loans | 27,038 | 27,087 |
Recorded Investment in Loans as Evaluated for Impairment: | ||
Individually evaluated for impairment | 274 | 290 |
Collectively evaluated for impairment | 26,735 | 26,767 |
Acquired with deteriorated credit quality | 29 | 30 |
Ending balance | $ 27,038 | $ 27,087 |
Loans and Allowance for Loan 34
Loans and Allowance for Loan Losses (Allowance For Loan Losses) (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||||
Mar. 31, 2016 | Mar. 31, 2015 | Mar. 31, 2016 | Mar. 31, 2015 | Mar. 31, 2016 | Sep. 30, 2015 | |
Ending Allowance Balance Attributable to Loans: | ||||||
Individually evaluated for impairment | $ 3 | $ 14 | ||||
Collectively evaluated for impairment | 6,748 | 6,610 | ||||
Acquired with deteriorated credit quality | 0 | 0 | ||||
Ending balance | $ 6,751 | $ 6,450 | $ 6,751 | $ 6,514 | 6,751 | 6,624 |
Changes in Allowance for Loan Losses: | ||||||
Beginning balance | 6,644 | 6,450 | 6,624 | 6,250 | ||
Provisions | 125 | 212 | 125 | 419 | ||
Charge-offs | (48) | (172) | (113) | (216) | ||
Recoveries | 30 | 24 | 115 | 61 | ||
Ending balance | 6,751 | 6,514 | 6,751 | 6,514 | ||
Residential Real Estate | ||||||
Ending Allowance Balance Attributable to Loans: | ||||||
Individually evaluated for impairment | 0 | 9 | ||||
Collectively evaluated for impairment | 286 | 435 | ||||
Acquired with deteriorated credit quality | 0 | 0 | ||||
Ending balance | 286 | 442 | 286 | 457 | 286 | 444 |
Changes in Allowance for Loan Losses: | ||||||
Beginning balance | 370 | 442 | 444 | 577 | ||
Provisions | (62) | 145 | (182) | (2) | ||
Charge-offs | (30) | (131) | (56) | (143) | ||
Recoveries | 8 | 1 | 80 | 25 | ||
Ending balance | 286 | 457 | 286 | 457 | ||
Commercial real estate | ||||||
Ending Allowance Balance Attributable to Loans: | ||||||
Individually evaluated for impairment | 0 | 0 | ||||
Collectively evaluated for impairment | 4,595 | 4,327 | ||||
Acquired with deteriorated credit quality | 0 | 0 | ||||
Ending balance | 4,595 | 4,217 | 4,595 | 4,109 | 4,595 | 4,327 |
Changes in Allowance for Loan Losses: | ||||||
Beginning balance | 4,514 | 4,217 | 4,327 | 3,808 | ||
Provisions | 81 | (108) | 268 | 301 | ||
Charge-offs | 0 | 0 | 0 | 0 | ||
Recoveries | 0 | 0 | 0 | 0 | ||
Ending balance | 4,595 | 4,109 | 4,595 | 4,109 | ||
Multi-family residential | ||||||
Ending Allowance Balance Attributable to Loans: | ||||||
Individually evaluated for impairment | 0 | 0 | ||||
Collectively evaluated for impairment | 157 | 156 | ||||
Acquired with deteriorated credit quality | 0 | 0 | ||||
Ending balance | 157 | 163 | 157 | 163 | 157 | 156 |
Changes in Allowance for Loan Losses: | ||||||
Beginning balance | 147 | 163 | 156 | 146 | ||
Provisions | 10 | 0 | 1 | 17 | ||
Charge-offs | 0 | 0 | 0 | 0 | ||
Recoveries | 0 | 0 | 0 | 0 | ||
Ending balance | 157 | 163 | 157 | 163 | ||
Construction Loans | ||||||
Ending Allowance Balance Attributable to Loans: | ||||||
Individually evaluated for impairment | 0 | 0 | ||||
Collectively evaluated for impairment | 651 | 551 | ||||
Acquired with deteriorated credit quality | 0 | 0 | ||||
Ending balance | 651 | 344 | 651 | 455 | 651 | 551 |
Changes in Allowance for Loan Losses: | ||||||
Beginning balance | 594 | 344 | 551 | 443 | ||
Provisions | 57 | 111 | 100 | 12 | ||
Charge-offs | 0 | 0 | 0 | 0 | ||
Recoveries | 0 | 0 | 0 | 0 | ||
Ending balance | 651 | 455 | 651 | 455 | ||
Land and land development | ||||||
Ending Allowance Balance Attributable to Loans: | ||||||
Individually evaluated for impairment | 0 | 0 | ||||
Collectively evaluated for impairment | 345 | 369 | ||||
Acquired with deteriorated credit quality | 0 | 0 | ||||
Ending balance | 345 | 299 | 345 | 316 | 345 | 369 |
Changes in Allowance for Loan Losses: | ||||||
Beginning balance | 338 | 299 | 369 | 302 | ||
Provisions | 7 | 17 | (24) | 14 | ||
Charge-offs | 0 | 0 | 0 | 0 | ||
Recoveries | 0 | 0 | 0 | 0 | ||
Ending balance | 345 | 316 | 345 | 316 | ||
Commercial business loans | ||||||
Ending Allowance Balance Attributable to Loans: | ||||||
Individually evaluated for impairment | 0 | 0 | ||||
Collectively evaluated for impairment | 625 | 678 | ||||
Acquired with deteriorated credit quality | 0 | 0 | ||||
Ending balance | 625 | 826 | 625 | 886 | 625 | 678 |
Changes in Allowance for Loan Losses: | ||||||
Beginning balance | 575 | 826 | 678 | 795 | ||
Provisions | 50 | 59 | (53) | 90 | ||
Charge-offs | 0 | 0 | 0 | 0 | ||
Recoveries | 0 | 1 | 0 | 1 | ||
Ending balance | 625 | 886 | 625 | 886 | ||
Consumer | ||||||
Ending Allowance Balance Attributable to Loans: | ||||||
Individually evaluated for impairment | 3 | 5 | ||||
Collectively evaluated for impairment | 89 | 94 | ||||
Acquired with deteriorated credit quality | 0 | 0 | ||||
Ending balance | 92 | 159 | 92 | 128 | $ 92 | $ 99 |
Changes in Allowance for Loan Losses: | ||||||
Beginning balance | 106 | 159 | 99 | 179 | ||
Provisions | (18) | (12) | 15 | (13) | ||
Charge-offs | (18) | (41) | (57) | (73) | ||
Recoveries | 22 | 22 | 35 | 35 | ||
Ending balance | $ 92 | $ 128 | $ 92 | $ 128 |
Loans and Allowance for Loan 35
Loans and Allowance for Loan Losses (Impaired Loans Individually Evaluated For Impairment) (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Mar. 31, 2016 | Mar. 31, 2015 | Mar. 31, 2016 | Mar. 31, 2015 | Sep. 30, 2015 | |
Financing Receivable, Impaired [Line Items] | |||||
Loans with no related allowance recorded, Recorded Investment | $ 11,729 | $ 11,729 | $ 12,154 | ||
Loans with no related allowance recorded, Unpaid Principal Balance | 12,259 | 12,259 | 12,820 | ||
Loans with no related allowance recorded, Average Recorded Investment | 12,717 | $ 11,866 | 12,675 | $ 11,895 | |
Loans with no related allowance recorded, Interest Income Recognized | 89 | 94 | 178 | 189 | |
Loans with an allowance recorded, Recorded Investment | 77 | 77 | 89 | ||
Loans with an allowance recorded, Unpaid Principal Balance | 77 | 77 | 89 | ||
Loans with an allowance recorded, Related Allowance | 3 | 3 | 14 | ||
Loans with an allowance recorded, Average Recorded Investment | 75 | 245 | 77 | 253 | |
Loans with an allowance recorded, Interest Income Recognized | 0 | 0 | 0 | 0 | |
Total, Recorded Investment | 11,806 | 11,806 | 12,243 | ||
Total, Unpaid Principal Balance | 12,336 | 12,336 | 12,909 | ||
Total, Related Allowance | 3 | 3 | 14 | ||
Total, Average Recorded Investment | 12,792 | 12,111 | 12,752 | 12,148 | |
Total, Interest Income Recognized | 89 | 94 | 178 | 189 | |
Residential Real Estate | |||||
Financing Receivable, Impaired [Line Items] | |||||
Loans with no related allowance recorded, Recorded Investment | 4,774 | 4,774 | 4,681 | ||
Loans with no related allowance recorded, Unpaid Principal Balance | 5,253 | 5,253 | 5,245 | ||
Loans with no related allowance recorded, Average Recorded Investment | 5,591 | 5,685 | 5,437 | 5,729 | |
Loans with no related allowance recorded, Interest Income Recognized | 38 | 37 | 73 | 72 | |
Loans with an allowance recorded, Recorded Investment | 0 | 0 | 9 | ||
Loans with an allowance recorded, Unpaid Principal Balance | 0 | 0 | 9 | ||
Loans with an allowance recorded, Related Allowance | 0 | 0 | 9 | ||
Loans with an allowance recorded, Average Recorded Investment | 0 | 142 | 1 | 152 | |
Loans with an allowance recorded, Interest Income Recognized | 0 | 0 | 0 | 0 | |
Total, Recorded Investment | 4,774 | 4,774 | 4,690 | ||
Total, Unpaid Principal Balance | 5,253 | 5,253 | 5,254 | ||
Total, Related Allowance | 0 | 0 | 9 | ||
Total, Average Recorded Investment | 5,591 | 5,827 | 5,438 | 5,881 | |
Total, Interest Income Recognized | 38 | 37 | 73 | 72 | |
Commercial real estate | |||||
Financing Receivable, Impaired [Line Items] | |||||
Loans with no related allowance recorded, Recorded Investment | 6,485 | 6,485 | 7,041 | ||
Loans with no related allowance recorded, Unpaid Principal Balance | 6,546 | 6,546 | 7,079 | ||
Loans with no related allowance recorded, Average Recorded Investment | 6,594 | 5,689 | 6,711 | 5,702 | |
Loans with no related allowance recorded, Interest Income Recognized | 48 | 55 | 100 | 113 | |
Loans with an allowance recorded, Recorded Investment | 0 | 0 | 0 | ||
Loans with an allowance recorded, Unpaid Principal Balance | 0 | 0 | 0 | ||
Loans with an allowance recorded, Related Allowance | 0 | 0 | 0 | ||
Loans with an allowance recorded, Average Recorded Investment | 0 | 6 | 0 | 3 | |
Loans with an allowance recorded, Interest Income Recognized | 0 | 0 | 0 | 0 | |
Total, Recorded Investment | 6,485 | 6,485 | 7,041 | ||
Total, Unpaid Principal Balance | 6,546 | 6,546 | 7,079 | ||
Total, Related Allowance | 0 | 0 | 0 | ||
Total, Average Recorded Investment | 6,594 | 5,695 | 6,711 | 5,705 | |
Total, Interest Income Recognized | 48 | 55 | 100 | 113 | |
Multi-family residential | |||||
Financing Receivable, Impaired [Line Items] | |||||
Loans with no related allowance recorded, Recorded Investment | 0 | 0 | 0 | ||
Loans with no related allowance recorded, Unpaid Principal Balance | 0 | 0 | 0 | ||
Loans with no related allowance recorded, Average Recorded Investment | 0 | 0 | 0 | 0 | |
Loans with no related allowance recorded, Interest Income Recognized | 0 | 0 | 0 | 0 | |
Loans with an allowance recorded, Recorded Investment | 0 | 0 | 0 | ||
Loans with an allowance recorded, Unpaid Principal Balance | 0 | 0 | 0 | ||
Loans with an allowance recorded, Related Allowance | 0 | 0 | 0 | ||
Loans with an allowance recorded, Average Recorded Investment | 0 | 0 | 0 | 0 | |
Loans with an allowance recorded, Interest Income Recognized | 0 | 0 | 0 | 0 | |
Total, Recorded Investment | 0 | 0 | 0 | ||
Total, Unpaid Principal Balance | 0 | 0 | 0 | ||
Total, Related Allowance | 0 | 0 | 0 | ||
Total, Average Recorded Investment | 0 | 0 | 0 | 0 | |
Total, Interest Income Recognized | 0 | 0 | 0 | 0 | |
Construction Loans | |||||
Financing Receivable, Impaired [Line Items] | |||||
Loans with no related allowance recorded, Recorded Investment | 0 | 0 | 0 | ||
Loans with no related allowance recorded, Unpaid Principal Balance | 0 | 0 | 0 | ||
Loans with no related allowance recorded, Average Recorded Investment | 0 | 0 | 0 | 0 | |
Loans with no related allowance recorded, Interest Income Recognized | 0 | 0 | 0 | 0 | |
Loans with an allowance recorded, Recorded Investment | 0 | 0 | 0 | ||
Loans with an allowance recorded, Unpaid Principal Balance | 0 | 0 | 0 | ||
Loans with an allowance recorded, Related Allowance | 0 | 0 | 0 | ||
Loans with an allowance recorded, Average Recorded Investment | 0 | 0 | 0 | 0 | |
Loans with an allowance recorded, Interest Income Recognized | 0 | 0 | 0 | 0 | |
Total, Recorded Investment | 0 | 0 | 0 | ||
Total, Unpaid Principal Balance | 0 | 0 | 0 | ||
Total, Related Allowance | 0 | 0 | 0 | ||
Total, Average Recorded Investment | 0 | 0 | 0 | 0 | |
Total, Interest Income Recognized | 0 | 0 | 0 | 0 | |
Land and land development | |||||
Financing Receivable, Impaired [Line Items] | |||||
Loans with no related allowance recorded, Recorded Investment | 0 | 0 | 0 | ||
Loans with no related allowance recorded, Unpaid Principal Balance | 0 | 0 | 0 | ||
Loans with no related allowance recorded, Average Recorded Investment | 0 | 0 | 0 | 0 | |
Loans with no related allowance recorded, Interest Income Recognized | 0 | 0 | 0 | 0 | |
Loans with an allowance recorded, Recorded Investment | 0 | 0 | 0 | ||
Loans with an allowance recorded, Unpaid Principal Balance | 0 | 0 | 0 | ||
Loans with an allowance recorded, Related Allowance | 0 | 0 | 0 | ||
Loans with an allowance recorded, Average Recorded Investment | 0 | 0 | 0 | 0 | |
Loans with an allowance recorded, Interest Income Recognized | 0 | 0 | 0 | 0 | |
Total, Recorded Investment | 0 | 0 | 0 | ||
Total, Unpaid Principal Balance | 0 | 0 | 0 | ||
Total, Related Allowance | 0 | 0 | 0 | ||
Total, Average Recorded Investment | 0 | 0 | 0 | 0 | |
Total, Interest Income Recognized | 0 | 0 | 0 | 0 | |
Commercial business loans | |||||
Financing Receivable, Impaired [Line Items] | |||||
Loans with no related allowance recorded, Recorded Investment | 273 | 273 | 222 | ||
Loans with no related allowance recorded, Unpaid Principal Balance | 258 | 258 | 282 | ||
Loans with no related allowance recorded, Average Recorded Investment | 329 | 254 | 322 | 216 | |
Loans with no related allowance recorded, Interest Income Recognized | 1 | 1 | 2 | 1 | |
Loans with an allowance recorded, Recorded Investment | 0 | 0 | 0 | ||
Loans with an allowance recorded, Unpaid Principal Balance | 0 | 0 | 0 | ||
Loans with an allowance recorded, Related Allowance | 0 | 0 | 0 | ||
Loans with an allowance recorded, Average Recorded Investment | 0 | 12 | 0 | 7 | |
Loans with an allowance recorded, Interest Income Recognized | 0 | 0 | 0 | 0 | |
Total, Recorded Investment | 273 | 273 | 222 | ||
Total, Unpaid Principal Balance | 258 | 258 | 282 | ||
Total, Related Allowance | 0 | 0 | 0 | ||
Total, Average Recorded Investment | 329 | 266 | 322 | 223 | |
Total, Interest Income Recognized | 1 | 1 | 2 | 1 | |
Consumer | |||||
Financing Receivable, Impaired [Line Items] | |||||
Loans with no related allowance recorded, Recorded Investment | 197 | 197 | 210 | ||
Loans with no related allowance recorded, Unpaid Principal Balance | 202 | 202 | 214 | ||
Loans with no related allowance recorded, Average Recorded Investment | 203 | 238 | 205 | 248 | |
Loans with no related allowance recorded, Interest Income Recognized | 2 | 1 | 3 | 3 | |
Loans with an allowance recorded, Recorded Investment | 77 | 77 | 80 | ||
Loans with an allowance recorded, Unpaid Principal Balance | 77 | 77 | 80 | ||
Loans with an allowance recorded, Related Allowance | 3 | 3 | 5 | ||
Loans with an allowance recorded, Average Recorded Investment | 75 | 85 | 76 | 91 | |
Loans with an allowance recorded, Interest Income Recognized | 0 | 0 | 0 | 0 | |
Total, Recorded Investment | 274 | 274 | 290 | ||
Total, Unpaid Principal Balance | 279 | 279 | 294 | ||
Total, Related Allowance | 3 | 3 | $ 5 | ||
Total, Average Recorded Investment | 278 | 323 | 281 | 339 | |
Total, Interest Income Recognized | $ 2 | $ 1 | $ 3 | $ 3 |
Loans and Allowance for Loan 36
Loans and Allowance for Loan Losses (Recorded Investment In Nonperforming Loans By Class Of Loans) (Detail) - USD ($) $ in Thousands | Mar. 31, 2016 | Sep. 30, 2015 |
Financing Receivable, Recorded Investment [Line Items] | ||
Non accrual Loans | $ 3,898 | $ 4,153 |
Loans 90+ Days Past Due Still Accruing | 319 | 252 |
Total Nonperforming Loans | 4,217 | 4,405 |
Residential Real Estate | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Non accrual Loans | 1,880 | 1,923 |
Loans 90+ Days Past Due Still Accruing | 103 | 155 |
Total Nonperforming Loans | 1,983 | 2,078 |
Commercial real estate | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Non accrual Loans | 1,688 | 1,855 |
Loans 90+ Days Past Due Still Accruing | 126 | 0 |
Total Nonperforming Loans | 1,814 | 1,855 |
Multifamily residential | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Non accrual Loans | 0 | 0 |
Loans 90+ Days Past Due Still Accruing | 0 | 0 |
Total Nonperforming Loans | 0 | 0 |
Construction Loans | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Non accrual Loans | 0 | 0 |
Loans 90+ Days Past Due Still Accruing | 0 | 0 |
Total Nonperforming Loans | 0 | 0 |
Land and land development | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Non accrual Loans | 0 | 0 |
Loans 90+ Days Past Due Still Accruing | 90 | 0 |
Total Nonperforming Loans | 90 | 0 |
Commercial business loans | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Non accrual Loans | 173 | 210 |
Loans 90+ Days Past Due Still Accruing | 0 | 94 |
Total Nonperforming Loans | 173 | 304 |
Consumer | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Non accrual Loans | 157 | 165 |
Loans 90+ Days Past Due Still Accruing | 0 | 3 |
Total Nonperforming Loans | $ 157 | $ 168 |
Loans and Allowance for Loan 37
Loans and Allowance for Loan Losses (Aging of Recorded Investment in Past Due Loans) (Detail) - USD ($) $ in Thousands | Mar. 31, 2016 | Sep. 30, 2015 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | $ 5,754 | $ 9,136 |
Current | 480,929 | 455,859 |
Recorded investment in loans | 486,683 | 464,995 |
Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 2,980 | 5,586 |
Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 534 | 1,546 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 2,240 | 2,004 |
Residential Real Estate | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 4,535 | 6,584 |
Current | 176,464 | 176,124 |
Recorded investment in loans | 180,999 | 182,708 |
Residential Real Estate | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 2,361 | 3,635 |
Residential Real Estate | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 531 | 1,419 |
Residential Real Estate | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 1,643 | 1,530 |
Commercial real estate | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 578 | 1,350 |
Current | 185,808 | 171,805 |
Recorded investment in loans | 186,386 | 173,155 |
Commercial real estate | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 276 | 1,098 |
Commercial real estate | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 0 | 113 |
Commercial real estate | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 302 | 139 |
Multi-family residential | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 0 | 504 |
Current | 22,237 | 21,169 |
Recorded investment in loans | 22,237 | 21,673 |
Multi-family residential | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 0 | 504 |
Multi-family residential | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 0 | 0 |
Multi-family residential | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 0 | 0 |
Construction Loans | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 0 | 0 |
Current | 19,905 | 16,632 |
Recorded investment in loans | 19,905 | 16,632 |
Construction Loans | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 0 | 0 |
Construction Loans | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 0 | 0 |
Construction Loans | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 0 | 0 |
Land and land development | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 335 | 253 |
Current | 10,132 | 10,846 |
Recorded investment in loans | 10,467 | 11,099 |
Land and land development | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 245 | 253 |
Land and land development | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 0 | 0 |
Land and land development | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 90 | 0 |
Commercial business loans | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 177 | 318 |
Current | 39,474 | 32,323 |
Recorded investment in loans | 39,651 | 32,641 |
Commercial business loans | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 4 | 15 |
Commercial business loans | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 0 | 0 |
Commercial business loans | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 173 | 303 |
Consumer | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 129 | 127 |
Current | 26,909 | 26,960 |
Recorded investment in loans | 27,038 | 27,087 |
Consumer | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 94 | 81 |
Consumer | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 3 | 14 |
Consumer | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | $ 32 | $ 32 |
Loans and Allowance for Loan 38
Loans and Allowance for Loan Losses (Recorded Investment in Loans by Risk Category) (Detail) - USD ($) $ in Thousands | Mar. 31, 2016 | Sep. 30, 2015 |
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | $ 486,683 | $ 464,995 |
Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 472,640 | 444,398 |
Special Mention | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 1,193 | 6,250 |
Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 12,677 | 13,927 |
Doubtful | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 173 | 420 |
Loss | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 0 | 0 |
Residential Real Estate | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 180,999 | 182,708 |
Residential Real Estate | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 174,592 | 175,662 |
Residential Real Estate | Special Mention | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 1,006 | 799 |
Residential Real Estate | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 5,231 | 5,871 |
Residential Real Estate | Doubtful | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 170 | 376 |
Residential Real Estate | Loss | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 0 | 0 |
Commercial real estate | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 186,386 | 173,155 |
Commercial real estate | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 179,426 | 160,224 |
Commercial real estate | Special Mention | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 176 | 5,342 |
Commercial real estate | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 6,784 | 7,589 |
Commercial real estate | Doubtful | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 0 | 0 |
Commercial real estate | Loss | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 0 | 0 |
Multi-family residential | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 22,237 | 21,673 |
Multi-family residential | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 22,237 | 21,673 |
Multi-family residential | Special Mention | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 0 | 0 |
Multi-family residential | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 0 | 0 |
Multi-family residential | Doubtful | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 0 | 0 |
Multi-family residential | Loss | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 0 | 0 |
Construction Loans | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 19,905 | 16,632 |
Construction Loans | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 19,905 | 16,632 |
Construction Loans | Special Mention | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 0 | 0 |
Construction Loans | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 0 | 0 |
Construction Loans | Doubtful | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 0 | 0 |
Construction Loans | Loss | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 0 | 0 |
Land and land development | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 10,467 | 11,099 |
Land and land development | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 10,222 | 11,079 |
Land and land development | Special Mention | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 0 | 0 |
Land and land development | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 245 | 20 |
Land and land development | Doubtful | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 0 | 0 |
Land and land development | Loss | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 0 | 0 |
Commercial business loans | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 39,651 | 32,641 |
Commercial business loans | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 39,478 | 32,335 |
Commercial business loans | Special Mention | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 0 | 96 |
Commercial business loans | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 173 | 173 |
Commercial business loans | Doubtful | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 0 | 37 |
Commercial business loans | Loss | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 0 | 0 |
Consumer | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 27,038 | 27,087 |
Consumer | Pass | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 26,780 | 26,793 |
Consumer | Special Mention | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 11 | 13 |
Consumer | Substandard | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 244 | 274 |
Consumer | Doubtful | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 3 | 7 |
Consumer | Loss | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | $ 0 | $ 0 |
Loans and Allowance for Loan 39
Loans and Allowance for Loan Losses (Recorded Investment in Troubled Debt Restructurings by Class of Loan and Accrual Status) (Detail) - USD ($) $ in Thousands | Mar. 31, 2016 | Sep. 30, 2015 |
Financing Receivable, Modifications [Line Items] | ||
Accruing | $ 7,908 | $ 8,090 |
Non accrual | 1,650 | 1,633 |
Total | 9,558 | 9,723 |
Residential Real Estate | ||
Financing Receivable, Modifications [Line Items] | ||
Accruing | 2,894 | 2,767 |
Non accrual | 111 | 110 |
Total | 3,005 | 2,877 |
Commercial real estate | ||
Financing Receivable, Modifications [Line Items] | ||
Accruing | 4,797 | 5,186 |
Non accrual | 1,511 | 1,523 |
Total | 6,308 | 6,709 |
Commercial Business | ||
Financing Receivable, Modifications [Line Items] | ||
Accruing | 100 | 12 |
Non accrual | 28 | 0 |
Total | 128 | 12 |
Consumer | ||
Financing Receivable, Modifications [Line Items] | ||
Accruing | 117 | 125 |
Non accrual | 0 | 0 |
Total | $ 117 | $ 125 |
Loans and Allowance for Loan 40
Loans and Allowance for Loan Losses (Troubled Debt Restructurings) (Detail) $ in Thousands | 3 Months Ended | 6 Months Ended | |
Mar. 31, 2016USD ($)Number | Mar. 31, 2016USD ($)Number | Mar. 31, 2015USD ($)Number | |
Troubled Debt Restructuring, Debtor, Subsequent Periods [Line Items] | |||
Number of Loans | Number | 1 | 7 | 2 |
Pre- Modification Principal Balance | $ 107 | $ 269 | $ 165 |
Post- Modification Principal Balance | $ 121 | $ 365 | $ 172 |
Residential Real Estate | |||
Troubled Debt Restructuring, Debtor, Subsequent Periods [Line Items] | |||
Number of Loans | Number | 1 | 5 | 2 |
Pre- Modification Principal Balance | $ 107 | $ 181 | $ 165 |
Post- Modification Principal Balance | $ 121 | $ 247 | $ 172 |
Commercial real estate | |||
Troubled Debt Restructuring, Debtor, Subsequent Periods [Line Items] | |||
Number of Loans | Number | 2 | ||
Pre- Modification Principal Balance | $ 88 | ||
Post- Modification Principal Balance | $ 118 |
Loans and Allowance for Loan 41
Loans and Allowance for Loan Losses (Loan Servicing Rights) (Detail) $ in Thousands | 6 Months Ended |
Mar. 31, 2016USD ($) | |
Servicing Assets at Fair Value [Line Items] | |
Balance, beginning of period | $ 0 |
Servicing rights resulting from transfers of loans | 156 |
Amortization | 0 |
Change in valuation allowance | 0 |
Balance, end of period | $ 156 |
Loans and Allowance for Loan 42
Loans and Allowance for Loan Losses (Additional Information) (Detail) - USD ($) | 3 Months Ended | 6 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2016 | Sep. 30, 2015 | |
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Impaired Financing Receivable, Interest Income, Cash Basis Method | $ 5,000 | ||
Loans and Leases Receivable, Impaired, Commitment to Lend | $ 3,000 | 3,000 | $ 2,000 |
Impaired Financing Receivable Unpaid Principal Balance | 12,336,000 | 12,336,000 | 12,909,000 |
Mortgage Loans in Process of Foreclosure, Amount | 796,000 | 796,000 | $ 806,000 |
Loan Servicing Rights [Member] | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||
Impaired Financing Receivable Unpaid Principal Balance | 5,900,000 | 5,900,000 | |
Bank Servicing Fees | 15,000 | 27,000 | |
Financial Services Costs, Total | $ 20,000 | $ 35,000 |
Real Estate Development and C43
Real Estate Development and Construction (Additional Information) (Detail) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Mar. 31, 2016 | Mar. 31, 2015 | Mar. 31, 2016 | Mar. 31, 2015 | |
Real Estate Properties [Line Items] | ||||
Expected total development costs | $ 7,700,000 | |||
Development cost cash paid | 7,600,000 | |||
Depreciation | $ 50,000 | $ 49,000 | $ 99,000 | $ 98,000 |
Investment in Historic Tax Cr44
Investment in Historic Tax Credit Entity (Additional Information) (Detail) - USD ($) $ in Thousands | Oct. 15, 2014 | Mar. 31, 2016 | Sep. 30, 2015 |
Committed To Invest Into Limited Liability | $ 4,200 | ||
Percentage Of Received Equity Interest | 99.00% | ||
Percentage Of Receive Operating Profit And Losses | 99.00% | ||
Investment Credit Available To Be Estimated | $ 4,600 | ||
Other Assets | $ 6,412 | $ 7,952 | |
Description Of Investment In Credit | The Bank invested $417,000 on October 15, 2014 and an additional $417,000 on September 11, 2015 upon 50% completion of the project, and has committed to invest the remaining $3.3 million when the project is fully completed and the certificate of occupancy is received. The project is expected to be fully completed inJune 2016. | ||
Investment In Credit [Member] | |||
Other Assets | 4,200 | ||
Other Liabilities | $ 3,300 |
Supplemental Disclosure for E45
Supplemental Disclosure for Earnings Per Share (Earnings Per Share Information) (Detail) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Mar. 31, 2016 | Mar. 31, 2015 | Mar. 31, 2016 | Mar. 31, 2015 | |
Earnings: | ||||
Net income | $ 1,635 | $ 1,527 | $ 2,878 | $ 2,727 |
Less: Preferred stock dividends declared | (19) | (43) | (62) | (86) |
Net income available to common shareholders | $ 1,616 | $ 1,484 | $ 2,816 | $ 2,641 |
Shares: | ||||
Weighted average common shares outstanding | 2,204,787 | 2,138,931 | 2,195,727 | 2,125,369 |
Net income per common share, basic | $ 0.73 | $ 0.69 | $ 1.28 | $ 1.24 |
Earnings: | ||||
Net income | $ 1,635 | $ 1,527 | $ 2,878 | $ 2,727 |
Less: Preferred stock dividends declared | (19) | (43) | (62) | (86) |
Net income available to common shareholders | $ 1,616 | $ 1,484 | $ 2,816 | $ 2,641 |
Shares: | ||||
Weighted average common shares outstanding | 2,204,787 | 2,138,931 | 2,195,727 | 2,125,369 |
Add: Dilutive effect of outstanding options | 99,159 | 96,436 | 104,968 | 96,967 |
Add: Dilutive effect of restricted stock | 0 | 10,004 | 0 | 9,238 |
Weighted average common shares outstanding as adjusted | 2,303,946 | 2,245,371 | 2,300,695 | 2,231,574 |
Net income per common share, diluted | $ 0.7 | $ 0.66 | $ 1.22 | $ 1.18 |
Supplemental Disclosures of C46
Supplemental Disclosures of Cash Flow Information (Cash Flow Information) (Detail) - USD ($) $ in Thousands | 6 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | |
Cash payments for: | ||
Interest | $ 2,017 | $ 1,953 |
Taxes | 618 | 864 |
Transfers from loans held for sale to loans | 1,319 | 0 |
Transfers from loans to foreclosed real estate | 415 | 398 |
Proceeds from sales of foreclosed real estate financed through loans | 134 | 290 |
Noncash exercise of stock options | $ 179 | $ 0 |
Fair Value Measurements and D47
Fair Value Measurements and Disclosures about Fair Value of Financial Instruments (Balances Of Financial Assets Measured At Fair Value On Recurring And Nonrecurring) (Detail) - USD ($) $ in Thousands | Mar. 31, 2016 | Sep. 30, 2015 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Trading account securities | $ 9,131 | $ 9,044 |
Securities available for sale | 177,444 | 178,328 |
Loans held for sale | 5,835 | |
Loan servicing rights | 156 | 0 |
Other real estate owned | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total other real estate owned | 594 | 618 |
Residential real estate | Other real estate owned | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total other real estate owned | 209 | 434 |
Commercial real estate | Other real estate owned | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total other real estate owned | 383 | 181 |
Land and land development | Other real estate owned | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total other real estate owned | 2 | 3 |
Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Trading account securities | 9,131 | 9,044 |
Securities available for sale | 177,444 | 178,328 |
Loans held for sale | 5,835 | |
Fair Value, Measurements, Recurring | Agency bonds and notes | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 1,055 | 5,582 |
Fair Value, Measurements, Recurring | Agency mortgage-backed | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 51,380 | 48,278 |
Fair Value, Measurements, Recurring | Agency CMO | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 17,864 | 19,014 |
Fair Value, Measurements, Recurring | Privately-issued CMO | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 3,104 | 3,470 |
Fair Value, Measurements, Recurring | Privately-issued ABS | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 5,243 | 6,109 |
Fair Value, Measurements, Recurring | SBA Certificates | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 1,320 | 1,480 |
Fair Value, Measurements, Recurring | Municipal obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 97,478 | 94,395 |
Fair Value, Measurements, Nonrecurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 11,803 | 12,229 |
Loans held for sale | 5,361 | 965 |
Loan servicing rights | 156 | |
Fair Value, Measurements, Nonrecurring | Residential real estate | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 4,774 | 4,681 |
Fair Value, Measurements, Nonrecurring | Commercial real estate | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 6,485 | 7,041 |
Fair Value, Measurements, Nonrecurring | Commercial business | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 273 | 222 |
Fair Value, Measurements, Nonrecurring | Consumer | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 271 | 285 |
Level 1 | Other real estate owned | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total other real estate owned | 0 | 0 |
Level 1 | Residential real estate | Other real estate owned | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total other real estate owned | 0 | 0 |
Level 1 | Commercial real estate | Other real estate owned | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total other real estate owned | 0 | 0 |
Level 1 | Land and land development | Other real estate owned | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total other real estate owned | 0 | 0 |
Level 1 | Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Trading account securities | 0 | 0 |
Securities available for sale | 0 | 0 |
Loans held for sale | 0 | |
Level 1 | Fair Value, Measurements, Recurring | Agency bonds and notes | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 0 | 0 |
Level 1 | Fair Value, Measurements, Recurring | Agency mortgage-backed | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 0 | 0 |
Level 1 | Fair Value, Measurements, Recurring | Agency CMO | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 0 | 0 |
Level 1 | Fair Value, Measurements, Recurring | Privately-issued CMO | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 0 | 0 |
Level 1 | Fair Value, Measurements, Recurring | Privately-issued ABS | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 0 | 0 |
Level 1 | Fair Value, Measurements, Recurring | SBA Certificates | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 0 | 0 |
Level 1 | Fair Value, Measurements, Recurring | Municipal obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 0 | 0 |
Level 1 | Fair Value, Measurements, Nonrecurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 0 | 0 |
Loans held for sale | 0 | 0 |
Loan servicing rights | 0 | |
Level 1 | Fair Value, Measurements, Nonrecurring | Residential real estate | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 0 | 0 |
Level 1 | Fair Value, Measurements, Nonrecurring | Commercial real estate | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 0 | 0 |
Level 1 | Fair Value, Measurements, Nonrecurring | Commercial business | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 0 | 0 |
Level 1 | Fair Value, Measurements, Nonrecurring | Consumer | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 0 | 0 |
Level 2 | Other real estate owned | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total other real estate owned | 0 | 0 |
Level 2 | Residential real estate | Other real estate owned | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total other real estate owned | 0 | 0 |
Level 2 | Commercial real estate | Other real estate owned | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total other real estate owned | 0 | 0 |
Level 2 | Land and land development | Other real estate owned | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total other real estate owned | 0 | 0 |
Level 2 | Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Trading account securities | 9,131 | 9,044 |
Securities available for sale | 177,444 | 178,328 |
Loans held for sale | 5,835 | |
Level 2 | Fair Value, Measurements, Recurring | Agency bonds and notes | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 1,055 | 5,582 |
Level 2 | Fair Value, Measurements, Recurring | Agency mortgage-backed | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 51,380 | 48,278 |
Level 2 | Fair Value, Measurements, Recurring | Agency CMO | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 17,864 | 19,014 |
Level 2 | Fair Value, Measurements, Recurring | Privately-issued CMO | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 3,104 | 3,470 |
Level 2 | Fair Value, Measurements, Recurring | Privately-issued ABS | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 5,243 | 6,109 |
Level 2 | Fair Value, Measurements, Recurring | SBA Certificates | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 1,320 | 1,480 |
Level 2 | Fair Value, Measurements, Recurring | Municipal obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 97,478 | 94,395 |
Level 2 | Fair Value, Measurements, Nonrecurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 0 | 0 |
Loans held for sale | 5,361 | 965 |
Loan servicing rights | 0 | |
Level 2 | Fair Value, Measurements, Nonrecurring | Residential real estate | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 0 | 0 |
Level 2 | Fair Value, Measurements, Nonrecurring | Commercial real estate | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 0 | 0 |
Level 2 | Fair Value, Measurements, Nonrecurring | Commercial business | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 0 | 0 |
Level 2 | Fair Value, Measurements, Nonrecurring | Consumer | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 0 | 0 |
Level 3 | Other real estate owned | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total other real estate owned | 594 | 618 |
Level 3 | Residential real estate | Other real estate owned | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total other real estate owned | 209 | 434 |
Level 3 | Commercial real estate | Other real estate owned | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total other real estate owned | 383 | 181 |
Level 3 | Land and land development | Other real estate owned | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total other real estate owned | 2 | 3 |
Level 3 | Fair Value, Measurements, Recurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Trading account securities | 0 | 0 |
Securities available for sale | 0 | 0 |
Loans held for sale | 0 | |
Level 3 | Fair Value, Measurements, Recurring | Agency bonds and notes | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 0 | 0 |
Level 3 | Fair Value, Measurements, Recurring | Agency mortgage-backed | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 0 | 0 |
Level 3 | Fair Value, Measurements, Recurring | Agency CMO | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 0 | 0 |
Level 3 | Fair Value, Measurements, Recurring | Privately-issued CMO | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 0 | 0 |
Level 3 | Fair Value, Measurements, Recurring | Privately-issued ABS | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 0 | 0 |
Level 3 | Fair Value, Measurements, Recurring | Municipal obligations | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Securities available for sale | 0 | 0 |
Level 3 | Fair Value, Measurements, Nonrecurring | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 11,803 | 12,229 |
Loans held for sale | 0 | 0 |
Loan servicing rights | 156 | |
Level 3 | Fair Value, Measurements, Nonrecurring | Residential real estate | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 4,774 | 4,681 |
Level 3 | Fair Value, Measurements, Nonrecurring | Commercial real estate | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 6,485 | 7,041 |
Level 3 | Fair Value, Measurements, Nonrecurring | Commercial business | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | 273 | 222 |
Level 3 | Fair Value, Measurements, Nonrecurring | Consumer | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total impaired loans | $ 271 | $ 285 |
Fair Value Measurements and D48
Fair Value Measurements and Disclosures about Fair Value of Financial Instruments (Carrying Value And Estimated Fair Value Of Financial Instruments) (Detail) - USD ($) $ in Thousands | Mar. 31, 2016 | Sep. 30, 2015 |
Financial assets: | ||
Cash and due from banks | $ 8,961 | $ 9,884 |
Interest-bearing deposits with banks | 14,991 | 15,110 |
Interest-bearing time deposits | 2,855 | 3,100 |
Trading account securities | 9,131 | 9,044 |
Securities available for sale | 177,444 | 178,328 |
Securities held to maturity | 3,445 | 4,620 |
Loans, net | 478,518 | 457,112 |
Loans held for sale | 5,361 | 6,803 |
FRB and FHLB stock | 6,936 | 6,720 |
Accrued interest receivable | 2,782 | 2,655 |
Loan servicing rights (included in other assets) | 156 | 0 |
Investment in historic tax credit entity (included in other assets) | 4,169 | 4,169 |
Financial liabilities: | ||
Deposits | 567,422 | 533,297 |
Short-term repurchase agreements | 1,343 | 1,342 |
Borrowings from FHLB | 100,000 | 104,867 |
Other long-term debt | 4,537 | 4,632 |
Accrued interest payable | 200 | 186 |
Advance payments by borrowers for taxes and insurance | 869 | 883 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Financial assets: | ||
Cash and due from banks | 8,961 | 9,884 |
Interest-bearing deposits with banks | 14,991 | 15,110 |
Interest-bearing time deposits | 0 | 0 |
Trading account securities | 0 | 0 |
Securities available for sale | 0 | 0 |
Securities held to maturity | 0 | 0 |
Loans, net | 0 | 0 |
Loans held for sale | 0 | 0 |
FRB and FHLB stock | 0 | 0 |
Accrued interest receivable | 0 | 0 |
Loan servicing rights (included in other assets) | 0 | |
Investment in historic tax credit entity (included in other assets) | 0 | 0 |
Financial liabilities: | ||
Deposits | 0 | 0 |
Short-term repurchase agreements | 0 | 0 |
Borrowings from FHLB | 0 | 0 |
Other long-term debt | 0 | 0 |
Accrued interest payable | 0 | 0 |
Advance payments by borrowers for taxes and insurance | 0 | 0 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Financial assets: | ||
Cash and due from banks | 0 | 0 |
Interest-bearing deposits with banks | 0 | 0 |
Interest-bearing time deposits | 2,861 | 3,099 |
Trading account securities | 9,131 | 9,044 |
Securities available for sale | 177,444 | 178,328 |
Securities held to maturity | 3,916 | 5,191 |
Loans, net | 0 | 0 |
Loans held for sale | 5,361 | 6,803 |
FRB and FHLB stock | 6,936 | 6,720 |
Accrued interest receivable | 2,782 | 2,655 |
Loan servicing rights (included in other assets) | 0 | |
Investment in historic tax credit entity (included in other assets) | 4,169 | 4,169 |
Financial liabilities: | ||
Deposits | 0 | 0 |
Short-term repurchase agreements | 1,343 | 1,342 |
Borrowings from FHLB | 101,619 | 106,446 |
Other long-term debt | 4,537 | 4,632 |
Accrued interest payable | 200 | 186 |
Advance payments by borrowers for taxes and insurance | 869 | 883 |
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Financial assets: | ||
Cash and due from banks | 0 | 0 |
Interest-bearing deposits with banks | 0 | 0 |
Interest-bearing time deposits | 0 | 0 |
Trading account securities | 0 | 0 |
Securities available for sale | 0 | 0 |
Securities held to maturity | 0 | 0 |
Loans, net | 483,900 | 456,331 |
Loans held for sale | 0 | 0 |
FRB and FHLB stock | 0 | 0 |
Accrued interest receivable | 0 | 0 |
Loan servicing rights (included in other assets) | 156 | |
Investment in historic tax credit entity (included in other assets) | 0 | 0 |
Financial liabilities: | ||
Deposits | 570,004 | 536,121 |
Short-term repurchase agreements | 0 | 0 |
Borrowings from FHLB | 0 | 0 |
Other long-term debt | 0 | 0 |
Accrued interest payable | 0 | 0 |
Advance payments by borrowers for taxes and insurance | $ 0 | $ 0 |
Fair Value Measurements and D49
Fair Value Measurements and Disclosures about Fair Value of Financial Instruments (Additional Information) (Detail) - USD ($) | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Mar. 31, 2016 | Mar. 31, 2015 | Mar. 31, 2016 | Mar. 31, 2015 | Sep. 30, 2015 | |
Foreclosed Real Estate Expense | $ 20,000 | $ 3,000 | $ 79,000 | $ 33,000 | |
SBA Loans [Member] | |||||
Fair Value, Option, Loans Held as Assets, Aggregate Difference, Total | $ 5,800,000 | ||||
Fair Value, Option, Loans Held as Assets, Aggregate Amount in Nonaccrual Status, Aggregated Difference | 5,300,000 | ||||
Increase (Decrease) in Loans Held-for-sale, Total | $ 558,000 | ||||
Impaired Loans [Member] | |||||
Foreclosed Real Estate Expense | $ 49,000 | $ 49,000 | |||
Maximum [Member] | Foreclosed Real Estate Held [Member] | |||||
Fair Value Inputs, Discount Rate | 61.50% | 56.50% | |||
Maximum [Member] | Collateral [Member] | |||||
Fair Value Inputs, Discount Rate | 6.00% | ||||
Maximum [Member] | Impaired Loans [Member] | |||||
Fair Value Inputs, Discount Rate | 15.00% | ||||
Minimum [Member] | Foreclosed Real Estate Held [Member] | |||||
Fair Value Inputs, Discount Rate | 0.00% | 15.00% | |||
Minimum [Member] | Collateral [Member] | |||||
Fair Value Inputs, Discount Rate | 0.00% | ||||
Minimum [Member] | Impaired Loans [Member] | |||||
Fair Value Inputs, Discount Rate | 0.00% | ||||
Weighted Average [Member] | Foreclosed Real Estate Held [Member] | |||||
Fair Value Inputs, Discount Rate | 21.70% | 23.60% |
Employee Stock Ownership Plan50
Employee Stock Ownership Plan (Common Stock Held By The ESOP) (Detail) - USD ($) | Mar. 31, 2016 | Sep. 30, 2015 | Oct. 06, 2008 |
Allocated shares | 184,100 | 164,409 | |
Unearned shares | 0 | 19,691 | |
Total ESOP shares | 184,100 | 184,100 | 203,363 |
Fair value of unearned shares | $ 0 | $ 669,000 |
Employee Stock Ownership Plan51
Employee Stock Ownership Plan (Additional Information) (Detail) - USD ($) | Oct. 06, 2008 | Mar. 31, 2015 | Mar. 31, 2016 | Mar. 31, 2015 | Sep. 30, 2015 |
Total ESOP shares | 203,363 | 184,100 | 184,100 | ||
Employee Stock Ownership Plan (ESOP), Weighted Average Purchase Price of Shares Purchased | $ 10 | ||||
Employee Stock Ownership Plan (ESOP), Compensation Expense | $ 113,000 | $ 628,000 | $ 600,000 |
Stock Based Compensation Plan52
Stock Based Compensation Plans (Stock Option Activity Under The Plan) (Detail) - USD ($) $ / shares in Units, $ in Thousands | 6 Months Ended | 12 Months Ended | |
Mar. 31, 2016 | Mar. 31, 2015 | Sep. 30, 2014 | |
Number of Shares | |||
Outstanding at beginning of year | 213,260 | ||
Granted | 0 | ||
Exercised | (26,210) | (20,972) | |
Forfeited or expired | 0 | ||
Outstanding at end of year | 187,050 | ||
Exercisable at end of year | 187,050 | ||
Weighted Average Exercise Price | |||
Outstanding at beginning of year | $ 13.25 | ||
Granted | 0 | ||
Exercised | 13.25 | ||
Forfeited or expired | 0 | ||
Outstanding at end of year | 13.25 | ||
Exercisable at end of year | $ 13.25 | ||
Weighted Average Remaining Contractual Term | |||
Outstanding of year | 4 years 1 month 6 days | 4 years 7 months 6 days | |
Exercisable at end of year | 4 years 1 month 6 days | ||
Aggregate Intrinsic Value | |||
Outstanding at beginning of year | $ 4,425 | ||
Exercised | 580 | ||
Outstanding at end of year | 3,878 | ||
Exercisable at end of year | $ 3,878 |
Stock Based Compensation Plan53
Stock Based Compensation Plans (Additional Information) (Detail) - USD ($) | 1 Months Ended | 3 Months Ended | 6 Months Ended | ||
May. 31, 2010 | Apr. 30, 2010 | Mar. 31, 2015 | Mar. 31, 2016 | Mar. 31, 2015 | |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 177,549 | 355,885 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Shares Purchased for Award | 101,681 | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Per Share Weighted Average Price of Shares Purchased | $ 13.60 | ||||
Share Based Compensation Arrangement By Share Based Payment Award Value Of Shares Purchased For Award | $ 1,400,000 | ||||
Share-Based Compensation Arrangement By Share-Based Payment Award, Equity Instruments Other Than Options, Nonvested, Weighted Average Grant Date Fair Value | $ 13.25 | ||||
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other than Options Grants In Period Aggregate Fair Value | $ 1,300,000 | ||||
Decrease In Additional Paid In Capital | $ 41,000 | ||||
Restricted Stock or Unit Expense | $ 63,000 | $ 131,000 | |||
Stock or Unit Option Plan Expense | $ 37,000 | 76,000 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value | $ 3.09 | ||||
Restricted Stock [Member] | |||||
Fair value of restricted shares | $ 18,000 | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Number of Shares | 717 | ||||
Stock Option [Member] | |||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 76,655 |
Preferred Stock (Additional Inf
Preferred Stock (Additional Information) (Detail) - USD ($) | 1 Months Ended | 6 Months Ended | |||
Sep. 30, 2011 | Mar. 31, 2016 | Feb. 11, 2016 | Sep. 30, 2015 | Aug. 11, 2011 | |
Auction Market Preferred Securities, Stock Series [Line Items] | |||||
Weighted Average Dividend Rate | 1.00% | ||||
Series A Preferred Stock, dividend rate under Purchase Agreement | 4.84% | ||||
Series A Preferred Stock redemption price, under Purchase Agreement | 100.00% | ||||
Tier One Risk Based Capital | $ 10 | ||||
Preferred Stock Value | $ 0 | $ 0 | |||
First ten quarters | |||||
Auction Market Preferred Securities, Stock Series [Line Items] | |||||
Annual lending incentive fee, percentage under Purchase Agreement | 2.00% | ||||
First ten quarters | Minimum | |||||
Auction Market Preferred Securities, Stock Series [Line Items] | |||||
Weighted Average Dividend Rate | 1.00% | ||||
Series A Preferred Stock, dividend rate under Purchase Agreement | 1.00% | ||||
First ten quarters | Maximum | |||||
Auction Market Preferred Securities, Stock Series [Line Items] | |||||
Weighted Average Dividend Rate | 7.00% | ||||
Series A Preferred Stock, dividend rate under Purchase Agreement | 5.00% | ||||
Eleventh dividend period through the eighteenth dividend period | |||||
Auction Market Preferred Securities, Stock Series [Line Items] | |||||
Series A Preferred Stock redemption price, under Purchase Agreement | 1.00% | ||||
After four and one half years from issuance | |||||
Auction Market Preferred Securities, Stock Series [Line Items] | |||||
Series A Preferred Stock redemption price, under Purchase Agreement | 9.00% | ||||
Small Business Jobs Act of 2010 | |||||
Auction Market Preferred Securities, Stock Series [Line Items] | |||||
Preferred Stock Value | $ 30,000,000,000 | ||||
Senior Non-Cumulative Perpetual Preferred Stock, Series A | |||||
Auction Market Preferred Securities, Stock Series [Line Items] | |||||
Preferred Stock, issued | 0 | 17,120 | 17,120 | ||
Series A Preferred Stock, total purchase price under Purchase Agreement | $ 0 | $ 17,120,000 | $ 17,120,000 | ||
Preferred Stock, aggregate liquidation preference | $ 1,000 | ||||
Preferred Stock Value | $ 0 | $ 0 | |||
Redeemable Preferred Stock [Member] | |||||
Auction Market Preferred Securities, Stock Series [Line Items] | |||||
Preferred Stock, issued | 17,120,000 |