Document And Entity Information
Document And Entity Information | 6 Months Ended |
Mar. 31, 2017shares | |
Document Information [Line Items] | |
Document Type | 10-Q |
Amendment Flag | false |
Document Period End Date | Mar. 31, 2017 |
Document Fiscal Year Focus | 2,017 |
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 | 2,242,454 |
CONSOLIDATED BALANCE SHEETS
CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Mar. 31, 2017 | Sep. 30, 2016 |
ASSETS | ||
Cash and due from banks | $ 11,148 | $ 11,449 |
Interest-bearing deposits with banks | 22,412 | 17,893 |
Total cash and cash equivalents | 33,560 | 29,342 |
Interest-bearing time deposits | 2,355 | 3,100 |
Trading account securities, at fair value | 6,388 | 9,255 |
Securities available for sale, at fair value | 174,958 | 174,493 |
Securities held to maturity | 2,987 | 3,166 |
Loans held for sale, residential mortgage | 506 | 384 |
Loans held for sale, Small Business Administration | 16,034 | 5,087 |
Loans, net | 549,173 | 518,611 |
Federal Reserve Bank and Federal Home Loan Bank stock, at cost | 6,936 | 6,936 |
Premises and equipment | 11,456 | 11,674 |
Other real estate owned, held for sale | 303 | 519 |
Accrued interest receivable: | ||
Loans | 1,679 | 1,451 |
Securities | 1,448 | 1,355 |
Cash surrender value of life insurance | 18,077 | 18,214 |
Goodwill | 7,936 | 7,936 |
Core deposit intangibles | 865 | 1,037 |
Other assets | 5,941 | 3,956 |
Total Assets | 840,602 | 796,516 |
Deposits: | ||
Noninterest-bearing | 98,790 | 79,859 |
Interest-bearing | 532,455 | 499,608 |
Total deposits | 631,245 | 579,467 |
Repurchase agreements | 1,347 | 1,345 |
Borrowings from Federal Home Loan Bank | 113,050 | 121,633 |
Accrued interest payable | 215 | 195 |
Advance payments by borrowers for taxes and insurance | 1,018 | 1,014 |
Accrued expenses and other liabilities | 6,073 | 6,282 |
Total Liabilities | 752,948 | 709,936 |
STOCKHOLDERS' EQUITY | ||
Preferred stock of $.01 par value per share; authorized 1,000,000 shares; none issued | 0 | 0 |
Common stock of $.01 par value per share; authorized 20,000,000 shares; issued 2,559,307 shares (2,542,042 at September 30, 2016); outstanding 2,242,454 shares (2,204,787 shares at September 30, 2016) | 25 | 25 |
Additional paid-in capital | 27,767 | 27,182 |
Retained earnings - substantially restricted | 63,429 | 59,499 |
Accumulated other comprehensive income | 2,951 | 5,944 |
Unearned stock compensation | (640) | 0 |
Less treasury stock, at cost - 316,853 shares (337,255 shares at September 30, 2016) | (5,878) | (6,070) |
Total Stockholders' Equity | 87,654 | 86,580 |
Total Liabilities and Stockholders' Equity | $ 840,602 | $ 796,516 |
CONSOLIDATED BALANCE SHEETS (Pa
CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands | Mar. 31, 2017 | Sep. 30, 2016 |
Loans, net of allowance for loan losses | $ 7,718 | $ 7,122 |
Preferred stock, par value | $ 0.01 | $ 0.01 |
Preferred Stock, Authorized | 1,000,000 | 1,000,000 |
Preferred Stock, issued | 0 | 0 |
Common stock, par value | $ 0.01 | $ 0.01 |
Common stock, Authorized | 20,000,000 | 20,000,000 |
Common stock, issued | 2,559,307 | 2,542,042 |
Common Stock, Outstanding | 2,242,454 | 2,204,787 |
Treasury stock, shares | 316,853 | 337,255 |
CONSOLIDATED STATEMENTS OF INCO
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Mar. 31, 2017 | Mar. 31, 2016 | |
INTEREST INCOME | ||||
Loans, including fees | $ 6,527 | $ 5,546 | $ 12,873 | $ 11,011 |
Securities: | ||||
Taxable | 874 | 969 | 1,811 | 1,927 |
Tax-exempt | 701 | 509 | 1,328 | 1,119 |
Dividend income | 77 | 78 | 156 | 154 |
Interest-bearing deposits with banks | 40 | 45 | 62 | 62 |
Total interest income | 8,219 | 7,147 | 16,230 | 14,273 |
INTEREST EXPENSE | ||||
Deposits | 629 | 595 | 1,241 | 1,179 |
Federal funds purchased | 4 | 0 | 7 | 0 |
Repurchase agreements | 1 | 1 | 2 | 2 |
Borrowings from Federal Home Loan Bank | 398 | 392 | 804 | 735 |
Loans payable | 0 | 40 | 0 | 80 |
Total interest expense | 1,032 | 1,028 | 2,054 | 1,996 |
Net interest income | 7,187 | 6,119 | 14,176 | 12,277 |
Provision for loan losses | 375 | 125 | 681 | 125 |
Net interest income after provision for loan losses | 6,812 | 5,994 | 13,495 | 12,152 |
NONINTEREST INCOME | ||||
Service charges on deposit accounts | 306 | 282 | 642 | 604 |
Net gain (loss) on trading account securities | 211 | 251 | (71) | 428 |
Net gain on sales of loans, residential mortgage | 87 | 97 | 238 | 237 |
Net gain on sales of loans, Small Business Administration | 949 | 0 | 1,803 | 90 |
Increase in cash surrender value of life insurance | 104 | 112 | 213 | 227 |
Gain on life insurance | 0 | 0 | 189 | 0 |
Commission income | 139 | 70 | 205 | 213 |
Real estate lease income | 0 | 163 | 0 | 326 |
Net gain on sale of premises and equipment | 16 | 0 | 23 | 0 |
Loss on tax credit investment | (226) | 0 | (226) | 0 |
Other income | 275 | 287 | 720 | 581 |
Total noninterest income | 1,861 | 1,262 | 3,736 | 2,706 |
NONINTEREST EXPENSE | ||||
Compensation and benefits | 3,657 | 2,805 | 7,198 | 6,368 |
Occupancy and equipment | 691 | 721 | 1,291 | 1,373 |
Data processing | 328 | 414 | 702 | 767 |
Advertising | 130 | 135 | 237 | 235 |
Professional fees | 295 | 319 | 500 | 611 |
FDIC insurance premiums | 119 | 122 | 229 | 243 |
Net (gain) loss on other real estate owned | (19) | (24) | (109) | 50 |
Other operating expenses | 865 | 740 | 1,558 | 1,477 |
Total noninterest expense | 6,066 | 5,232 | 11,606 | 11,124 |
Income before income taxes | 2,607 | 2,024 | 5,625 | 3,734 |
Income tax expense | 413 | 389 | 1,094 | 856 |
Net Income | 2,194 | 1,635 | 4,531 | 2,878 |
Preferred stock dividends declared | 0 | 19 | 0 | 62 |
Net Income Available to Common Shareholders | $ 2,194 | $ 1,616 | $ 4,531 | $ 2,816 |
Net income per common share: | ||||
Basic | $ 0.99 | $ 0.73 | $ 2.05 | $ 1.28 |
Diluted | $ 0.94 | $ 0.7 | $ 1.94 | $ 1.22 |
Weighted average common shares outstanding: | ||||
Basic | 2,220,773 | 2,204,787 | 2,212,955 | 2,195,727 |
Diluted | 2,344,419 | 2,303,946 | 2,336,746 | 2,300,695 |
Dividends per common share | $ 0.14 | $ 0.13 | $ 0.27 | $ 0.25 |
CONSOLIDATED STATEMENTS OF COMP
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Mar. 31, 2017 | Mar. 31, 2016 | |
Net Income | $ 2,194 | $ 1,635 | $ 4,531 | $ 2,878 |
Unrealized gains (losses) on securities available for sale: | ||||
Unrealized holding gains (losses) arising during the period | 868 | 1,072 | (4,616) | 1,292 |
Income tax benefit (expense) | (298) | (374) | 1,623 | (434) |
Net of tax amount | 570 | 698 | (2,993) | 858 |
Other Comprehensive Income (Loss) | 570 | 698 | (2,993) | 858 |
Comprehensive Income | $ 2,764 | $ 2,333 | $ 1,538 | $ 3,736 |
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, 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 (loss) | 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) | 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) |
Balances at Sep. 30, 2016 | 86,580 | 0 | 25 | 27,182 | 59,499 | 5,944 | 0 | (6,070) |
Net income | 4,531 | 0 | 0 | 0 | 4,531 | 0 | 0 | 0 |
Other comprehensive income (loss) | (2,993) | 0 | 0 | 0 | 0 | (2,993) | 0 | 0 |
Common stock dividends | (601) | 0 | 0 | 0 | (601) | 0 | 0 | 0 |
Restricted stock grants | 0 | 0 | 0 | 692 | 0 | 0 | (692) | 0 |
Stock compensation expense | 76 | 0 | 0 | 24 | 0 | 0 | 52 | 0 |
Stock options exercises | 355 | 0 | 0 | (131) | 0 | 0 | 0 | 486 |
Purchase of treasury shares | (294) | 0 | 0 | 0 | 0 | 0 | 0 | (294) |
Balances at Mar. 31, 2017 | $ 87,654 | $ 0 | $ 25 | $ 27,767 | $ 63,429 | $ 2,951 | $ (640) | $ (5,878) |
CONSOLIDATED STATEMENTS OF CHA7
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares | 6 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Dividends per common share | $ 0.27 | $ 0.25 |
Stock option exercise, shares | 26,858 | 26,210 |
Purchase of treasury shares, shares | 6,456 | 4,933 |
Preferred Stock Redemption Shares | 17,120 | |
Restricted stock grants - shares | 17,265 |
CONSOLIDATED STATEMENTS OF CASH
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands | 6 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||
Net income | $ 4,531 | $ 2,878 |
Adjustments to reconcile net income to net cash provided by (used in) operating activities: | ||
Provision for loan losses | 681 | 125 |
Depreciation and amortization | 582 | 737 |
Amortization of premiums and accretion of discounts on securities, net | 369 | 265 |
(Increase) decrease in trading account securities | 2,867 | (87) |
Loans originated for sale | (45,648) | (13,949) |
Proceeds on sales of loans | 36,895 | 14,446 |
Net gain on sales of loans | (2,041) | (327) |
Net realized and unrealized gain on other real estate owned | (142) | (4) |
Gain on life insurance | (189) | 0 |
Increase in cash surrender value of life insurance | (213) | (227) |
Net gain on sale of premises, equipment and real estate development | (23) | 0 |
Loss on tax credit investment | 226 | 0 |
Deferred income taxes | 461 | (199) |
ESOP and stock compensation expense | 76 | 628 |
Increase in accrued interest receivable | (321) | (127) |
Increase in accrued interest payable | 20 | 14 |
Change in other assets and liabilities, net | (614) | 483 |
Net Cash Provided By (Used In) Operating Activities | (2,483) | 4,656 |
CASH FLOWS FROM INVESTING ACTIVITIES | ||
Investment in interest-bearing time deposits | (245) | 0 |
Proceeds from maturities of interest-bearing time deposit maturities | 990 | 245 |
Purchase of securities available for sale | (16,282) | (10,284) |
Proceeds from maturities of securities available for sale | 1,830 | 5,395 |
Proceeds from maturities of securities held to maturity | 114 | 1,123 |
Principal collected on securities | 9,056 | 6,827 |
Net increase in loans | (31,331) | (20,489) |
Purchase of Federal Home Loan Bank stock | 0 | (216) |
Proceeds from sale of other real estate owned | 90 | 299 |
Investment in real estate development and construction | 0 | 2 |
Purchase of premises and equipment | (202) | (201) |
Proceeds from sale of premises, equipment and real estate development | 19 | 0 |
Net Cash Used In Investing Activities | (35,961) | (17,299) |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Net increase in deposits | 51,778 | 34,125 |
Net increase in repurchase agreements | 2 | 1 |
Decrease in Federal Home Loan Bank line of credit | (8,583) | (14,867) |
Proceeds from Federal Home Loan Bank advances | 0 | 35,000 |
Repayment of Federal Home Loan Bank advances | 0 | (25,000) |
Repayment of other long-term debt | 0 | (95) |
Net increase (decrease) in advance payments by borrowers for taxes and insurance | 4 | (14) |
Redemption of preferred stock | 0 | (17,120) |
Proceeds from exercise of stock options | 62 | 169 |
Dividends paid on preferred stock | 0 | (62) |
Dividends paid on common stock | (601) | (536) |
Net Cash Provided By Financing Activities | 42,662 | 11,601 |
Net Increase (Decrease) in Cash and Cash Equivalents | 4,218 | (1,042) |
Cash and cash equivalents at beginning of period | 29,342 | 24,994 |
Cash and Cash Equivalents at End of Period | $ 33,560 | $ 23,952 |
Presentation of Interim Informa
Presentation of Interim Information | 6 Months Ended |
Mar. 31, 2017 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Presentation of Interim Information | 1. 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 two wholly-owned subsidiaries: First Savings Investments, Inc., a Nevada corporation that manages a securities portfolio, and Southern Indiana Financial Corporation, which is currently inactive. At September 30, 2016, the Bank had a third wholly-owned subsidiary, FFCC, Inc. (“FFCC”), which was an Indiana corporation that participated in commercial real estate development and leasing. In accordance with the Plan of Complete Liquidation adopted by FFCC’s board of directors and approval by the Bank as its sole shareholder on December 21, 2016, FFCC voluntarily dissolved and completely liquidated effective December 31, 2016. As a result of the liquidation, FFCC distributed its net assets to the Bank on December 31, 2016. On April 25, 2017, the Bank formed Q2 Business Capital, LLC (“Q2”), which is an Indiana limited liability company that specializes in the origination and servicing of U.S. Small Business Administration (“SBA”) loans. The Bank owns 51 The Captive, which is a wholly-owned insurance subsidiary of the Company, 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, 2017, the results of operations for the three- and six-month periods ended March 31, 2017 and 2016, and the cash flows for the six-month periods ended March 31, 2017 and 2016. 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, 2016 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, 2017 | |
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 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, 2017 and September 30, 2016, trading account securities recorded at fair value totaled $ 6.4 9.3 211,000 251,000 (71,000) 428,000 Securities Available for Sale and Held to Maturity Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (In thousands) March 31, 2017: Securities available for sale: Agency bonds and notes $ 1,004 $ 1 $ - $ 1,005 Agency mortgage-backed 40,747 443 (134) 41,056 Agency CMO 14,885 34 (134) 14,785 Privately issued CMO 2,128 236 - 2,364 Privately issued ABS 3,223 761 - 3,984 SBA certificates 1,092 3 - 1,095 Municipal obligations 107,287 3,907 (525) 110,669 Total securities available for sale $ 170,366 $ 5,385 $ (793) $ 174,958 Securities held to maturity: Agency mortgage-backed $ 194 $ 18 $ - $ 212 Municipal obligations 2,793 323 - 3,116 Total securities held to maturity $ 2,987 $ 341 $ - $ 3,328 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (In thousands) September 30, 2016: Securities available for sale: Agency bonds and notes $ 1,024 $ 8 $ - $ 1,032 Agency mortgage-backed 46,376 1,029 - 47,405 Agency CMO 16,053 108 (66) 16,095 Privately issued CMO 2,359 293 - 2,652 Privately issued ABS 3,675 864 (7) 4,532 SBA certificates 1,220 7 - 1,227 Municipal bonds 94,567 7,002 (19) 101,550 Total securities available for sale $ 165,274 $ 9,311 $ (92) $ 174,493 Securities held to maturity: Agency mortgage-backed $ 260 $ 23 $ - $ 283 Municipal bonds 2,906 465 - 3,371 Total securities held to maturity $ 3,166 $ 488 $ - $ 3,654 The amortized cost and fair value of investment securities as of March 31, 2017 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 $ 1,531 $ 1,559 $ 215 $ 239 Due after one year through five years 11,677 12,150 984 1,095 Due after five years through ten years 19,818 21,116 1,087 1,222 Due after ten years 75,265 76,849 507 560 108,291 111,674 2,793 3,116 CMO 17,013 17,149 - - ABS 3,223 3,984 - - SBA certificates 1,092 1,095 - - Mortgage-backed securities 40,747 41,056 194 212 $ 170,366 $ 174,958 $ 2,987 $ 3,328 Number Gross of Investment Fair Unrealized Positions Value Losses (Dollars in thousands) March 31, 2017: Securities available for sale: Continuous loss position less than twelve months: Agency mortgage-backed 13 $ 15,262 $ 134 Agency CMO 7 6,778 77 Municipal obligations 22 13,875 525 Total less than twelve months 42 35,915 736 Continuous loss position more than twelve months: Agency CMO 3 4,431 57 Total more than twelve months 3 4,431 57 Total securities available for sale 45 $ 40,346 $ 793 September 30, 2016: Securities available for sale: Continuous loss position less than twelve months: Agency CMO 3 $ 3,946 $ 12 Privately issued ABS 2 66 7 Municipal obligations 4 2,147 19 Total less than twelve months 9 6,159 38 Continuous loss position more than twelve months: Agency CMO 2 4,683 54 Total more than twelve months 2 4,683 54 Total securities available for sale 11 $ 10,842 $ 92 At March 31, 2017 and September 30, 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, 2017, which consisted of U.S. government agency mortgage backed securities, agency CMOs and municipal bonds, had a fair value as a percentage of amortized cost of 98.03 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, 2017, the Company held fifteen privately-issued CMO and ABS securities acquired, in a 2009 bank merger, with an aggregate carrying value of $ 1.9 2.5 At March 31, 2017, there were no privately issued CMO or ABS in loss positions. Based on the independent third party analysis of the expected cash flows, management has determined that no other-than-temporary impairment is required to be recognized on the privately issued CMO and ABS portfolios. While the Company did not recognize a credit related impairment loss at March 31, 2017, additional deterioration in market and economic conditions may have an adverse impact on the credit quality in the future and therefore, require a credit related impairment charge. The unrealized losses on U.S. government agency mortgage-backed securities and CMOs 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, 2017 and 2016, 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, 2017 and September 30, 2016, 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, 2017 | |
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, 2017 2016 (In thousands) Real estate mortgage: 1-4 family residential $ 173,405 $ 178,364 Commercial 242,872 217,378 Multifamily residential 19,713 18,431 Residential construction 33,314 24,275 Commercial construction 32,297 33,685 Land and land development 10,198 11,137 Commercial business loans 50,429 41,967 Consumer: Home equity loans 21,746 21,370 Auto loans 6,096 4,858 Other consumer loans 2,168 2,102 Gross loans 592,238 553,567 Undisbursed portion of construction loans (35,213) (27,623) Principal loan balance 557,025 525,944 Deferred loan origination fees and costs, net (134) (211) Allowance for loan losses (7,718) (7,122) Loans, net $ 549,173 $ 518,611 During the six-month period ended March 31, 2017, 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, 2016. At March 31, 2017 and September 30, 2016, the recorded investment in consumer mortgage loans collateralized by residential real estate properties in the process of foreclosure was $ 1.0 837,000 Residential Commercial Land & Land Commercial Real Estate Real Estate Multifamily Construction Development Business Consumer Total (In thousands) Recorded Investment in Loans: Principal loan balance $ 173,405 $ 242,872 $ 19,713 $ 30,398 $ 10,198 $ 50,429 $ 30,010 $ 557,025 Accrued interest receivable 493 785 35 135 27 149 55 1,679 Net deferred loan origination fees and costs 107 (125) (15) (149) 1 65 (18) (134) Recorded investment in loans $ 174,005 $ 243,532 $ 19,733 $ 30,384 $ 10,226 $ 50,643 $ 30,047 $ 558,570 Recorded Investment in Loans as Evaluated for Impairment: Individually evaluated for impairment $ 4,287 $ 5,979 $ - $ - $ 307 $ 201 $ 196 $ 10,970 Collectively evaluated for impairment 169,718 237,553 19,733 30,384 9,919 50,442 29,851 547,600 Ending balance $ 174,005 $ 243,532 $ 19,733 $ 30,384 $ 10,226 $ 50,643 $ 30,047 $ 558,570 The following table provides the components of the recorded investment in loans as of September 30, 2016: Residential Commercial Land & Land Commercial Real Estate Real Estate Multifamily Construction Development Business Consumer Total (In thousands) Recorded Investment in Loans: Principal loan balance $ 178,364 $ 217,378 $ 18,431 $ 30,337 $ 11,137 $ 41,967 $ 28,330 $ 525,944 Accrued interest receivable 505 592 38 95 23 143 55 1,451 Net deferred loan origination fees and costs 158 (254) (17) (126) 4 37 (13) (211) Recorded investment in loans $ 179,027 $ 217,716 $ 18,452 $ 30,306 $ 11,164 $ 42,147 $ 28,372 $ 527,184 Recorded Investment in Loans as Evaluated for Impairment: Individually evaluated for impairment $ 4,342 $ 6,298 $ - $ - $ 241 $ 231 $ 249 $ 11,361 Collectively evaluated for impairment 174,685 211,418 18,452 30,306 10,923 41,916 28,123 515,823 Ending balance $ 179,027 $ 217,716 $ 18,452 $ 30,306 $ 11,164 $ 42,147 $ 28,372 $ 527,184 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 $ 53 $ - $ - $ - $ - $ - $ 5 $ 58 Collectively evaluated for impairment 258 5,870 116 703 267 348 98 7,660 Ending balance $ 311 $ 5,870 $ 116 $ 703 $ 267 $ 348 $ 103 $ 7,718 An analysis of the allowance for loan losses as of September 30, 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 $ 43 $ - $ - $ - $ - $ - $ 5 $ 48 Collectively evaluated for impairment 292 5,160 109 845 295 284 89 7,074 Ending balance $ 335 $ 5,160 $ 109 $ 845 $ 295 $ 284 $ 94 $ 7,122 An analysis of the changes in the allowance for loan losses for the three months ended March 31, 2017 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 $ 312 $ 5,313 $ 105 $ 1,026 $ 261 $ 310 $ 92 $ 7,419 Provisions 19 557 11 (323) 6 62 43 375 Charge-offs (22) - - - - (25) (44) (91) Recoveries 2 - - - - 1 12 15 Ending balance $ 311 $ 5,870 $ 116 $ 703 $ 267 $ 348 $ 103 $ 7,718 An analysis of the changes in the allowance for loan losses for the six months ended March 31, 2017 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 $ 335 $ 5,160 $ 109 $ 845 $ 295 $ 284 $ 94 $ 7,122 Provisions 10 710 7 (142) (28) 75 49 681 Charge-offs (39) - - - - (25) (62) (126) Recoveries 5 - - - - 14 22 41 Ending balance $ 311 $ 5,870 $ 116 $ 703 $ 267 $ 348 $ 103 $ 7,718 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 At March 31, 2017 Three Months Ended March 31, Six Months Ended March 31, 2017 2017 2016 2016 2017 2017 2016 2016 Unpaid Average Interest Average Interest Average Interest Average Interest Recorded Principal Related Recorded Income Recorded Income Recorded Income Recorded Income Investment Balance Allowance Investment Recognized Investment Recognized Investment Recognized Investment Recognized (In thousands) Loans with no related allowance recorded: Residential real estate $ 3,891 $ 4,176 $ - $ 4,255 $ 37 $ 5,591 $ 38 $ 4,191 $ 70 $ 5,437 $ 73 Commercial real estate 5,979 6,096 - 6,230 51 6,594 48 6,288 99 6,711 100 Multifamily - - - - - - - - - - - Construction - - - - - - - - - - - Land and land development 307 270 - 254 - - - 247 - - - Commercial business 201 208 - 211 1 329 1 214 3 322 2 Consumer 122 123 - 158 1 203 2 165 2 205 3 $ 10,500 $ 10,873 $ - $ 11,108 $ 90 $ 12,717 $ 89 $ 11,105 $ 174 $ 12,675 $ 178 Loans with an allowance recorded: Residential real estate $ 396 $ 408 $ 53 $ 468 $ - $ - $ - $ 460 $ - $ 1 $ - Commercial real estate - - - - - - - - - - - Multifamily - - - - - - - - - - - Construction - - - - - - - - - - - Land and land development - - - - - - - - - - - Commercial business - - - - - - - - - - - Consumer 74 74 5 82 - 75 - 83 - 76 - $ 470 $ 482 $ 58 $ 550 $ - $ 75 $ - $ 543 $ - $ 77 $ - Total: Residential real estate $ 4,287 $ 4,584 $ 53 $ 4,723 $ 37 $ 5,591 $ 38 $ 4,651 $ 70 $ 5,438 $ 73 Commercial real estate 5,979 6,096 - 6,230 51 6,594 48 6,288 99 6,711 100 Multifamily - - - - - - - - - - - Construction - - - - - - - - - - - Land and land development 307 270 - 254 - - - 247 - - - Commercial business 201 208 - 211 1 329 1 214 3 322 2 Consumer 196 197 5 240 1 278 2 248 2 281 3 $ 10,970 $ 11,355 $ 58 $ 11,658 $ 90 $ 12,792 $ 89 $ 11,648 $ 174 $ 12,752 $ 178 The Company did not recognize any interest income using the cash receipts method during the three and six month periods ended March 31, 2017 and 2016. Recorded Unpaid Related (In thousands) Loans with no related allowance recorded: Residential real estate $ 3,891 $ 4,171 $ - Commercial real estate 6,298 6,394 - Multifamily - - - Construction - - - Land and land development 241 238 - Commercial business 231 224 - Consumer 175 175 - $ 10,836 $ 11,202 $ - Loans with an allowance recorded: Residential real estate $ 451 $ 450 $ 43 Commercial real estate - - - Multifamily - - - Construction - - - Land and land development - - - Commercial business - - - Consumer 74 74 5 $ 525 $ 524 $ 48 Total: Residential real estate $ 4,342 $ 4,621 $ 43 Commercial real estate 6,298 6,394 - Multifamily - - - Construction - - - Land and land development 241 238 - Commercial business 231 224 - Consumer 249 249 5 $ 11,361 $ 11,726 $ 48 Loans 90+ Days Total Nonaccrual Past Due Nonperforming Loans Still Accruing Loans (In thousands) Residential real estate $ 1,567 $ 195 $ 1,762 Commercial real estate 1,482 - 1,482 Multifamily - - - Construction - - - Land and land development 275 - 275 Commercial business 112 - 112 Consumer 94 - 94 Total $ 3,530 $ 195 $ 3,725 The following table presents the recorded investment in nonperforming loans at September 30, 2016: Loans 90+ Days Total Nonaccrual Past Due Nonperforming Loans Still Accruing Loans (In thousands) Residential real estate $ 1,752 $ 22 $ 1,774 Commercial real estate 1,606 - 1,606 Multifamily - - - Construction - - - Land and land development 241 - 241 Commercial business 136 - 136 Consumer 140 - 140 Total $ 3,875 $ 22 $ 3,897 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 $ 2,482 $ 149 $ 1,026 $ 3,657 $ 170,348 $ 174,005 Commercial real estate 319 - 100 419 243,113 243,532 Multifamily 395 - - 395 19,338 19,733 Construction - - - - 30,384 30,384 Land and land development - - 274 274 9,952 10,226 Commercial business 177 - 24 201 50,442 50,643 Consumer 104 1 - 105 29,942 30,047 Total $ 3,477 $ 150 $ 1,424 $ 5,051 $ 553,519 $ 558,570 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 $ 2,019 $ 860 $ 1,070 $ 3,949 $ 175,078 $ 179,027 Commercial real estate 367 - 94 461 217,255 217,716 Multifamily - - - - 18,452 18,452 Construction - - - - 30,306 30,306 Land and land development - - 241 241 10,923 11,164 Commercial business 40 - 42 82 42,065 42,147 Consumer 76 1 40 117 28,255 28,372 Total $ 2,502 $ 861 $ 1,487 $ 4,850 $ 522,334 $ 527,184 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. Residential Commercial Land and Land Commercial Real Estate Real Estate Multifamily Construction Development Business Consumer Total (In thousands) Pass $ 167,731 $ 231,883 $ 17,184 $ 29,689 $ 9,919 $ 45,849 $ 29,906 $ 532,161 Special Mention 517 8,917 2,549 695 - 4,682 - 17,360 Substandard 5,612 2,732 - - 307 112 137 8,900 Doubtful 145 - - - - - 4 149 Loss - - - - - - - - Total $ 174,005 $ 243,532 $ 19,733 $ 30,384 $ 10,226 $ 50,643 $ 30,047 $ 558,570 As of September 30, 2016, 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 $ 173,477 $ 211,247 $ 18,452 $ 30,206 $ 10,924 $ 41,986 $ 28,197 $ 514,489 Special Mention 459 - - 100 - 25 - 584 Substandard 5,002 6,469 - - 240 136 160 12,007 Doubtful 89 - - - - - 15 104 Loss - - - - - - - - Total $ 179,027 $ 217,716 $ 18,452 $ 30,306 $ 11,164 $ 42,147 $ 28,372 $ 527,184 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, 2017: Residential real estate $ 2,720 $ - $ 2,720 Commercial real estate 4,497 1,383 5,880 Land and land development 32 - 32 Commercial business 89 112 201 Consumer 102 - 102 Total $ 7,440 $ 1,495 $ 8,935 September 30, 2016: Residential real estate $ 2,590 $ - $ 2,590 Commercial real estate 4,692 1,512 6,204 Commercial business 95 120 215 Consumer 109 - 109 Total $ 7,486 $ 1,632 $ 9,118 Pre- Post- Modification Modification Number of Principal Principal Loans Balance Balance (In thousands) Three Months Ended March 31, 2017: Residential real estate 1 $ 452 $ 453 Land and land development 1 31 32 Total 2 $ 483 $ 485 Six Months Ended March 31, 2017: Residential real estate 1 $ 452 $ 453 Land and land development 1 31 32 Total 2 $ 483 $ 485 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 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, 2017 and September 30, 2016, the Company had not committed to lend any additional amounts to customers with outstanding loans classified as TDRs. There were no principal charge-offs recorded as a result of TDRs during the three and six month periods ended March 31, 2017 and 2016. There was no specific allowance for loan losses related to TDRs modified during the three and six month periods ended March 31, 2017 and 2016. 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 three and six month periods ended March 31, 2017 and 2016, the Company did not have any TDRs that were modified within the previous twelve months and for which there was a payment default. Loan Servicing Rights The Company originates loans to commercial customers under the SBA 7(a) and other programs. During the fiscal year ended September 30, 2016, the Company began selling the guaranteed portion of the SBA loans with servicing retained. Loan servicing rights on originated SBA 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 approximates 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 SBA loans serviced for others was $ 33.9 13.6 5.9 43,000 15,000 27,000 54,000 69,000 20,000 35,000 Three Months Ended Six Months Ended March 31, March 31, 2017 2016 2017 2016 (In thousands) Balance, beginning of period $ 558 $ 156 $ 310 $ - Servicing rights resulting from transfers of loans 247 - 507 156 Amortization (22) - (34) - Change in valuation allowance - - - - Balance, end of period $ 783 $ 156 $ 783 $ 156 Residential mortgage loans originated for sale in the secondary market continue to be sold with servicing released. |
Investment in Historic Tax Cred
Investment in Historic Tax Credit Entity | 6 Months Ended |
Mar. 31, 2017 | |
Investment Contracts [Abstract] | |
Investment in Historic Tax Credit Entity | 4. Investment in Historic Tax Credit Entity On October 15, 2014, the Bank 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 4.7 At March 31, 2017, the Bank had made all of its required investments to the entity except for $344,000, which is due when the project is fully completed and the final certificate of occupancy is received. The Bank’s investment in the historic tax credit entity is accounted for using the equity method of accounting. Certificates of occupancy for substantially all of the project were received in June 2016, which resulted in the recognition of $ 4.7 4.2 During the quarter ended March 31, 2017, the estimate of the historic tax credits to be recognized on the project increased to $ 5.0 4.5 90 249,000 226,000 At March 31, 2017 and September 30, 2016, the Bank’s remaining unfunded capital contribution commitment of $ 344,000 |
Deposits
Deposits | 6 Months Ended |
Mar. 31, 2017 | |
Debt Disclosure [Abstract] | |
Deposits | 5. Deposits Deposits at March 31, 2017 and September 30, 2016 consisted of the following: March 31, September 30, 2017 2016 (In thousands) Noninterest-bearing demand deposits $ 98,790 $ 79,859 NOW accounts 178,399 145,816 Money market accounts 60,572 60,702 Savings accounts 91,041 83,911 Retail time deposits 124,577 127,691 Brokered time deposits 77,866 81,488 Total $ 631,245 $ 579,467 |
Supplemental Disclosure for Ear
Supplemental Disclosure for Earnings Per Share | 6 Months Ended |
Mar. 31, 2017 | |
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, 2017 2016 2017 2016 (Dollars in thousands, except per share data) Basic: Earnings: Net income $ 2,194 $ 1,635 $ 4,531 $ 2,878 Less: Preferred stock dividends declared - (19) - (62) Net income available to common shareholders $ 2,194 $ 1,616 $ 4,531 $ 2,816 Shares: Weighted average common shares outstanding 2,220,773 2,204,787 2,212,955 2,195,727 Net income per common share, basic $ 0.99 $ 0.73 $ 2.05 $ 1.28 Diluted: Earnings: Net income available to common shareholders $ 2,194 $ 1,616 $ 4,531 $ 2,816 Shares: Weighted average common shares outstanding 2,220,773 2,204,787 2,212,955 2,195,727 Add: Dilutive effect of outstanding options 120,402 99,159 122,529 104,968 Add: Dilutive effect of restricted stock 3,244 - 1,262 - Weighted average common shares outstanding as adjusted 2,344,419 2,303,946 2,336,746 2,300,695 Net income per common share, diluted $ 0.94 $ 0.7 $ 1.94 $ 1.22 Unearned ESOP and nonvested restricted stock shares are not considered as outstanding for purposes of computing weighted average common shares outstanding. Stock options for 51,295 |
Supplemental Disclosures of Cas
Supplemental Disclosures of Cash Flow Information | 6 Months Ended |
Mar. 31, 2017 | |
Supplemental Cash Flow Elements [Abstract] | |
Supplemental Disclosures of Cash Flow Information | 7. Supplemental Disclosures of Cash Flow Information Six Months Ended March 31, 2017 2016 (In thousands) Cash payments for: Interest $ 2,051 $ 2,017 Taxes 270 618 Transfers from loans held for sale to loans - 1,319 Transfers from loans to foreclosed real estate 34 415 Proceeds from sales of foreclosed real estate financed through loans 189 134 Noncash exercise of stock options 294 179 |
Fair Value Measurements and Dis
Fair Value Measurements and Disclosures about Fair Value of Financial Instruments | 6 Months Ended |
Mar. 31, 2017 | |
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, 2017: Assets Measured - Recurring Basis: Trading account securities $ - $ 6,388 $ - $ 6,388 Securities available for sale: Agency bonds and notes $ - $ 1,005 $ - $ 1,005 Agency mortgage-backed - 41,056 - 41,056 Agency CMO - 14,785 - 14,785 Privately issued CMO - 2,364 - 2,364 Privately issued ABS - 3,984 - 3,984 SBA certificates - 1,095 - 1,095 Municipal - 110,669 - 110,669 Total securities available for sale $ - $ 174,958 $ - $ 174,958 Assets Measured - Nonrecurring Basis: Impaired loans: Residential real estate $ - $ - $ 4,234 $ 4,234 Commercial real estate - - 5,979 5,979 Land and land development - - 307 307 Commercial business - - 201 201 Consumer - - 191 191 Total impaired loans $ - $ - $ 10,912 $ 10,912 Loans held for sale: Residential mortgage loans held for sale $ - $ 506 $ - $ 506 SBA loans held for sale - 16,034 - 16,034 Total loans held for sale $ - $ 16,540 $ - $ 16,540 Loan servicing rights $ - $ - $ 783 $ 783 Other real estate owned, held for sale: Residential real estate $ - $ - $ 98 $ 98 Commercial real estate - - 205 205 Total other real estate owned $ - $ - $ 303 $ 303 Carrying Value Level 1 Level 2 Level 3 Total (In thousands) September 30, 2016: Assets Measured - Recurring Basis: Trading account securities $ - $ 9,255 $ - $ 9,255 Securities available for sale: Agency bonds and notes $ - $ 1,032 $ - $ 1,032 Agency mortgage-backed - 47,405 - 47,405 Agency CMO - 16,095 - 16,095 Privately-issued CMO - 2,652 - 2,652 Privately-issued ABS - 4,532 - 4,532 SBA certificates - 1,227 1,227 Municipal - 101,550 - 101,550 Total securities available for sale $ - $ 174,493 $ - $ 174,493 Assets Measured - Nonrecurring Basis: Impaired loans: Residential real estate $ - $ - $ 4,299 $ 4,299 Commercial real estate - - 6,298 6,298 Land and land development - - 241 241 Commercial business - - 231 231 Consumer - - 244 244 Total impaired loans $ - $ - $ 11,313 $ 11,313 Loans held for sale: Residential mortgage loans held for sale $ - $ 384 $ - $ 384 SBA loans held for sale - 5,087 - 5,087 Total loans held for sale $ - $ 5,471 $ - $ 5,471 Loan servicing rights $ - $ - $ 310 $ 310 Other real estate owned, held for sale: Residential real estate $ - $ - $ 397 $ 397 Commercial real estate - - 122 122 Total other real estate owned $ - $ - $ 519 $ 519 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, 2017. Trading Account Securities and Securities Available for Sale. Securities classified as trading and available for sale are reported at fair value on a recurring basis. These securities are classified as Level 1 of the valuation hierarchy where quoted market prices from reputable third-party brokers are available in an active market. If quoted market prices are not available, the Company obtains fair value measurements from an independent pricing service. These securities are reported using Level 2 inputs 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 securities where quoted market prices, market prices of similar securities or prices from an independent third party pricing service are not available, fair values are calculated using discounted cash flows or other market indicators and are classified within Level 3 of the fair value hierarchy. Changes in fair value of trading account securities are reported in noninterest income. Changes in fair value of securities available for sale are recorded in other comprehensive income, net of income tax effect. Impaired Loans . Impaired loans are reviewed and evaluated on at least a quarterly basis for additional impairment and adjusted accordingly. The fair value of impaired loans is classified as Level 3 in the fair value hierarchy. 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, 2017 and September 30, 2016, 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 42,000 Loans Held for Sale . Loans held for sale are carried at the lower of cost or market value. The portfolio is comprised of residential mortgage loans and SBA loans. The fair value of loans held for sale is based on specific prices of the underlying contracts for sale to investors, and is classified as Level 2 in the fair value hierarchy. Loan Servicing Rights . Loan servicing rights represent the value associated with servicing SBA loans that have been sold. The fair value of loan servicing rights is determined on a quarterly basis by an independent third party valuation model using market-based discount rate and prepayment assumptions, and is classified as Level 3 in the fair value hierarchy. At March 31, 2017, the significant unobservable inputs used in the fair value measurement of loan servicing rights included discount rates ranging from 9.01 13.59 11.84 3.62 8.84 6.88 8.54 14.46 12.27 4.25 8.71 6.75 Other Real Estate Owned . Other real estate owned held for sale is reviewed and evaluated on at least a quarterly basis for additional impairment and adjusted accordingly. The fair value of other real estate owned is classified as Level 3 in the fair value hierarchy. 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, 2017, 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 15.0 57.6 31.1 15.0 34.2 24.6 10,000 20,000 79,000 Transfers Between Categories . There were no transfers into or out of Level 3 financial assets for the three and six month periods ended March 31, 2017 and 2016. 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, 2017: Amount Level 1 Level 2 Level 3 (In thousands) Financial assets: Cash and due from banks $ 11,148 $ 11,148 $ - $ - Interest-bearing deposits with banks 22,412 22,412 - - Interest-bearing time deposits 2,355 - 2,358 - Trading account securities 6,388 - 6,388 - Securities available for sale 174,958 - 174,958 - Securities held to maturity 2,987 - 3,328 - Loans, net 549,173 - - 544,154 Residential mortgage loans held for sale 506 - 506 - SBA loans held for sale 16,034 - 16,034 - FRB and FHLB stock 6,936 - 6,936 - Accrued interest receivable 3,127 - 3,127 - Loan servicing rights (included in other assets) 783 - - 808 Financial liabilities: Deposits 631,245 - - 628,392 Repurchase agreements 1,347 - 1,347 - Borrowings from FHLB 113,050 - 112,452 - Accrued interest payable 215 - 215 - Advance payments by borrowers for taxes and insurance 1,018 - 1,018 - Carrying Fair Value Measurements Using: September 30, 2016: Amount Level 1 Level 2 Level 3 (In thousands) Financial assets: Cash and due from banks $ 11,449 $ 11,449 $ - $ - Interest-bearing deposits with banks 17,893 17,893 - - Interest-bearing time deposits 3,100 - 3,114 - Trading account securities 9,255 - 9,255 - Securities available for sale 174,493 - 174,493 - Securities held to maturity 3,166 - 3,654 - Loans, net 518,611 - - 522,560 Residential mortgage loans held for sale 384 - 384 - SBA loans held for sale 5,087 - 5,087 - FRB and FHLB stock 6,936 - 6,936 - Accrued interest receivable 2,806 - 2,806 - Loan servicing rights (included in other assets) 310 - - 312 Financial liabilities: Deposits 579,467 - - 581,844 Short-term repurchase agreements 1,345 - 1,345 - Borrowings from FHLB 121,633 - 123,794 - Accrued interest payable 195 - 195 - Advance payments by borrowers for taxes and insurance 1,014 - 1,014 - The carrying amounts in the preceding tables are included in the consolidated balance sheets under the applicable captions. The fair value of financial instruments with off-balance-sheet risk is not material. 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. However, subsequent to the recognition of the historic tax credits (as discussed in Note 4), management has determined that its investment in the historic tax credit entity has no residual value and therefore has recorded an impairment loss for the amount of the investment as of March 31, 2017 and September 30, 2016. 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 and repurchase agreements. 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 and FHLB line of credit borrowings, the carrying value is a reasonable estimate of fair value. |
Employee Stock Ownership Plan
Employee Stock Ownership Plan | 6 Months Ended |
Mar. 31, 2017 | |
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 10.00 628,000 172,890 |
Stock Based Compensation Plans
Stock Based Compensation Plans | 6 Months Ended |
Mar. 31, 2017 | |
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract] | |
Stock Based Compensation Plans | 10. Stock Based Compensation Plans The Company maintains two equity incentive plans under which stock options and restricted stock have or can be granted, the 2010 Equity Incentive Plan (“2010 Plan”) approved by the Company’s shareholders in February 2010 and the 2016 Equity Incentive Plan (“2016 Plan”) approved by the Company’s shareholders in February 2016. At March 31, 2017, all available awards had been granted under the 2010 Plan. The aggregate number of shares of the Company’s common stock available for issuance under the 2016 Plan may not exceed 88,000 66,000 22,000 19,440 14,705 4,735 Stock Options Under the plans, the Company may grant both non-statutory and incentive stock options that may not have a term exceeding ten years. In the case of incentive stock options, the aggregate fair value (determined at the time the incentive stock options are granted) which are first exercisable during any calendar year shall not exceed $ 100,000 Stock options granted generally vest ratably over five years and are exercisable in whole or in part for a period up to ten years from the date of the grant. Compensation expense is measured based on the fair market value of the options at the grant date and is recognized ratably over the period during which the shares are earned (the vesting period). The fair market value of stock options granted is estimated at the date of grant using a binomial option pricing model. Expected volatilities are based on historical volatility of the Company’s stock. The expected term of options granted represents the period of time that options are expected to be outstanding. The risk free rate for the expected life of the options is based on the U.S. Treasury yield curve in effect at the grant date. Expected dividend yield 1.75 % Risk-free interest rate 2.13 % Expected volatility 14.6 % Expected life of options 7.5 years Weighted average fair value at grant date $ 6.13 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, 2016 187,050 $ 13.25 3.6 $ 4,285 Granted 51,295 40.09 9.6 354 Exercised (26,858) 13.25 860 Forfeited or expired - - - Outstanding at March 31, 2017 211,487 $ 19.76 4.7 $ 6,125 Vested and expected to vest 211,487 $ 19.76 4.7 $ 6,125 Exercisable at March 31, 2017 160,192 $ 13.25 3.1 $ 5,682 The Company recognized compensation expense related to stock options of $ 16,000 24,000 291,000 Restricted Stock The vesting period of restricted stock granted under the plans is generally five years beginning one year after the date of grant of the awards. Compensation expense is measured based on the fair market value of the restricted stock at the grant date and is recognized ratably over the vesting period. Compensation expense related to restricted stock recognized for the three and six month periods ended March 31, 2017 was $ 35,000 52,000 Weighted Number Average of Grant Date Shares Fair Value Nonvested at October 1, 2016 - - Granted 17,265 $ 40.09 Vested - - Forfeited - - Nonvested at March 31, 2017 17,265 $ 40.09 There were no restricted shares vested during the six month periods ended March 31, 2017 and 2016. At March 31, 2017 there was $ 640,000 4.64 |
Preferred Stock
Preferred Stock | 6 Months Ended |
Mar. 31, 2017 | |
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 17,120,000 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 weighted average dividend rate for the year ended December 31, 2015 was 1.0 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 17,120,000 |
Regulatory Capital
Regulatory Capital | 6 Months Ended |
Mar. 31, 2017 | |
Banking and Thrift [Abstract] | |
Regulatory Capital | 12. Regulatory Capital The Company and Bank are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s consolidated financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and Bank must meet specific capital guidelines that involve quantitative measures of the Company’s and Bank’s assets, liabilities, and certain off-balance-sheet items as calculated under regulatory accounting practices. The Company’s and Bank’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Quantitative measures established by regulation to ensure capital adequacy require the Company and Bank to maintain minimum amounts and ratios (set forth in the table below) of total, Tier 1 and common equity Tier 1 capital (as defined in the regulations) to risk-weighted assets (as defined), and Tier 1 capital (as defined) to average assets (as defined). The final rules implementing the Basel Committee on Banking Supervision’s capital guidelines for U.S. banks (“Basel III rules”) became effective for the Company and the Bank on January 1, 2015, with full compliance with all of the requirements being phased in over a multi-year schedule through 2019. Under the Basel III rules, the Bank must hold a conservation buffer above the adequately capitalized risk-based capital ratios disclosed in the table below. The capital conservation buffer is being phased in from 0.0% for 2015 to 2.5% by 2019. The capital conservation buffer is 1.25% for 2017 and 0.625% for 2016. Management believes that the Company and Bank met all capital adequacy requirements to which they are subject as of March 31, 2017 and September 30, 2016. As of March 31, 2017, the most recent notification from the Federal Reserve Bank categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized, the Bank must maintain minimum total risk-based, Tier I risk-based, common equity Tier 1 risk-based and Tier I leverage ratios as set forth in the table below. There are no conditions or events since that notification that management believes have changed the Bank’s category. The Company’s and Bank’s actual capital amounts and ratios are also presented in the table. No amount was deducted from capital for interest-rate risk at either period. Minimum To Be Well Minimum Capitalized Under For Capital Prompt Corrective Actual Adequacy Purposes: Action Provisions: (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio As of March 31, 2017: Total capital (to risk-weighted assets): Consolidated $ 82,989 12.68 % $ 52,365 8.00 % N/A N/A Bank 79,015 12.10 52,258 8.00 $ 65,322 10.00 % Tier I capital (to risk-weighted assets): Consolidated $ 75,271 11.50 % $ 39,274 6.00 % N/A N/A Bank 71,297 10.91 39,193 6.00 $ 52,258 8.00 % Common equity tier I capital (to risk-weighted assets): Consolidated $ 75,271 11.50 % $ 29,455 4.50 % N/A N/A Bank 71,297 10.91 29,395 4.50 $ 42,459 6.50 % Tier I capital (to average adjusted total assets): Consolidated $ 75,271 9.33 % $ 32,279 4.00 % N/A N/A Bank 71,297 8.71 32,748 4.00 $ 40,935 5.00 % As of September 30, 2016: Total capital (to risk-weighted assets): Consolidated $ 72,227 11.82 % $ 48,874 8.00 % N/A N/A Bank 69,056 11.33 48,748 8.00 $ 60,934 10.00 % Tier I capital (to risk-weighted assets): Consolidated $ 65,105 10.66 % $ 36,655 6.00 % N/A N/A Bank 61,934 10.16 36,561 6.00 $ 48,748 8.00 % Common equity tier I capital (to risk-weighted assets): Consolidated $ 65,105 10.66 % $ 27,491 4.50 % N/A N/A Bank 61,934 10.16 27,420 4.50 $ 39,607 6.50 % Tier I capital (to average adjusted total assets): Consolidated $ 65,105 8.43 % $ 30,881 4.00 % N/A N/A Bank 61,934 8.09 30,621 4.00 $ 38,277 5.00 % |
Recent Accounting Pronouncement
Recent Accounting Pronouncements | 6 Months Ended |
Mar. 31, 2017 | |
New Accounting Pronouncements and Changes in Accounting Principles [Abstract] | |
Recent Accounting Pronouncements | 13. 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 June 2016, the FASB issued Accounting Standards Update (“ASU”) No. 2016-13, Financial Instruments Credit Losses (Topic 326) In January 2017, the FASB issued ASU No. 2017-04, Intangibles Goodwill and Other (Topic 350) Simplifying the Test for Goodwill Impairment In March 2017, the FASB issued ASU No. 2017-08, Receivables Nonrefundable Fees and Other Costs (Subtopic 310-20) Premium Amortization on Purchased Callable Debt Securities |
Investment Securities (Tables)
Investment Securities (Tables) | 6 Months Ended |
Mar. 31, 2017 | |
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, 2017: Securities available for sale: Agency bonds and notes $ 1,004 $ 1 $ - $ 1,005 Agency mortgage-backed 40,747 443 (134) 41,056 Agency CMO 14,885 34 (134) 14,785 Privately issued CMO 2,128 236 - 2,364 Privately issued ABS 3,223 761 - 3,984 SBA certificates 1,092 3 - 1,095 Municipal obligations 107,287 3,907 (525) 110,669 Total securities available for sale $ 170,366 $ 5,385 $ (793) $ 174,958 Securities held to maturity: Agency mortgage-backed $ 194 $ 18 $ - $ 212 Municipal obligations 2,793 323 - 3,116 Total securities held to maturity $ 2,987 $ 341 $ - $ 3,328 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (In thousands) September 30, 2016: Securities available for sale: Agency bonds and notes $ 1,024 $ 8 $ - $ 1,032 Agency mortgage-backed 46,376 1,029 - 47,405 Agency CMO 16,053 108 (66) 16,095 Privately issued CMO 2,359 293 - 2,652 Privately issued ABS 3,675 864 (7) 4,532 SBA certificates 1,220 7 - 1,227 Municipal bonds 94,567 7,002 (19) 101,550 Total securities available for sale $ 165,274 $ 9,311 $ (92) $ 174,493 Securities held to maturity: Agency mortgage-backed $ 260 $ 23 $ - $ 283 Municipal bonds 2,906 465 - 3,371 Total securities held to maturity $ 3,166 $ 488 $ - $ 3,654 |
Amortized Cost and Fair Value of Investment Securities by Contractual Maturity | Available for Sale Held to Maturity Amortized Fair Amortized Fair Cost Value Cost Value (In thousands) Due within one year $ 1,531 $ 1,559 $ 215 $ 239 Due after one year through five years 11,677 12,150 984 1,095 Due after five years through ten years 19,818 21,116 1,087 1,222 Due after ten years 75,265 76,849 507 560 108,291 111,674 2,793 3,116 CMO 17,013 17,149 - - ABS 3,223 3,984 - - SBA certificates 1,092 1,095 - - Mortgage-backed securities 40,747 41,056 194 212 $ 170,366 $ 174,958 $ 2,987 $ 3,328 |
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, 2017 and September 30, 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) March 31, 2017: Securities available for sale: Continuous loss position less than twelve months: Agency mortgage-backed 13 $ 15,262 $ 134 Agency CMO 7 6,778 77 Municipal obligations 22 13,875 525 Total less than twelve months 42 35,915 736 Continuous loss position more than twelve months: Agency CMO 3 4,431 57 Total more than twelve months 3 4,431 57 Total securities available for sale 45 $ 40,346 $ 793 September 30, 2016: Securities available for sale: Continuous loss position less than twelve months: Agency CMO 3 $ 3,946 $ 12 Privately issued ABS 2 66 7 Municipal obligations 4 2,147 19 Total less than twelve months 9 6,159 38 Continuous loss position more than twelve months: Agency CMO 2 4,683 54 Total more than twelve months 2 4,683 54 Total securities available for sale 11 $ 10,842 $ 92 |
Loans and Allowance for Loan 23
Loans and Allowance for Loan Losses (Tables) | 6 Months Ended |
Mar. 31, 2017 | |
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract] | |
Loans | Loans at March 31, 2017 and September 30, 2016 consisted of the following: March 31, September 30, 2017 2016 (In thousands) Real estate mortgage: 1-4 family residential $ 173,405 $ 178,364 Commercial 242,872 217,378 Multifamily residential 19,713 18,431 Residential construction 33,314 24,275 Commercial construction 32,297 33,685 Land and land development 10,198 11,137 Commercial business loans 50,429 41,967 Consumer: Home equity loans 21,746 21,370 Auto loans 6,096 4,858 Other consumer loans 2,168 2,102 Gross loans 592,238 553,567 Undisbursed portion of construction loans (35,213) (27,623) Principal loan balance 557,025 525,944 Deferred loan origination fees and costs, net (134) (211) Allowance for loan losses (7,718) (7,122) Loans, net $ 549,173 $ 518,611 |
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, 2017: Residential Commercial Land & Land Commercial Real Estate Real Estate Multifamily Construction Development Business Consumer Total (In thousands) Recorded Investment in Loans: Principal loan balance $ 173,405 $ 242,872 $ 19,713 $ 30,398 $ 10,198 $ 50,429 $ 30,010 $ 557,025 Accrued interest receivable 493 785 35 135 27 149 55 1,679 Net deferred loan origination fees and costs 107 (125) (15) (149) 1 65 (18) (134) Recorded investment in loans $ 174,005 $ 243,532 $ 19,733 $ 30,384 $ 10,226 $ 50,643 $ 30,047 $ 558,570 Recorded Investment in Loans as Evaluated for Impairment: Individually evaluated for impairment $ 4,287 $ 5,979 $ - $ - $ 307 $ 201 $ 196 $ 10,970 Collectively evaluated for impairment 169,718 237,553 19,733 30,384 9,919 50,442 29,851 547,600 Ending balance $ 174,005 $ 243,532 $ 19,733 $ 30,384 $ 10,226 $ 50,643 $ 30,047 $ 558,570 The following table provides the components of the recorded investment in loans as of September 30, 2016: Residential Commercial Land & Land Commercial Real Estate Real Estate Multifamily Construction Development Business Consumer Total (In thousands) Recorded Investment in Loans: Principal loan balance $ 178,364 $ 217,378 $ 18,431 $ 30,337 $ 11,137 $ 41,967 $ 28,330 $ 525,944 Accrued interest receivable 505 592 38 95 23 143 55 1,451 Net deferred loan origination fees and costs 158 (254) (17) (126) 4 37 (13) (211) Recorded investment in loans $ 179,027 $ 217,716 $ 18,452 $ 30,306 $ 11,164 $ 42,147 $ 28,372 $ 527,184 Recorded Investment in Loans as Evaluated for Impairment: Individually evaluated for impairment $ 4,342 $ 6,298 $ - $ - $ 241 $ 231 $ 249 $ 11,361 Collectively evaluated for impairment 174,685 211,418 18,452 30,306 10,923 41,916 28,123 515,823 Ending balance $ 179,027 $ 217,716 $ 18,452 $ 30,306 $ 11,164 $ 42,147 $ 28,372 $ 527,184 |
Allowance for Loan Losses | An analysis of the allowance for loan losses as of March 31, 2017 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 $ 53 $ - $ - $ - $ - $ - $ 5 $ 58 Collectively evaluated for impairment 258 5,870 116 703 267 348 98 7,660 Ending balance $ 311 $ 5,870 $ 116 $ 703 $ 267 $ 348 $ 103 $ 7,718 An analysis of the allowance for loan losses as of September 30, 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 $ 43 $ - $ - $ - $ - $ - $ 5 $ 48 Collectively evaluated for impairment 292 5,160 109 845 295 284 89 7,074 Ending balance $ 335 $ 5,160 $ 109 $ 845 $ 295 $ 284 $ 94 $ 7,122 An analysis of the changes in the allowance for loan losses for the three months ended March 31, 2017 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 $ 312 $ 5,313 $ 105 $ 1,026 $ 261 $ 310 $ 92 $ 7,419 Provisions 19 557 11 (323) 6 62 43 375 Charge-offs (22) - - - - (25) (44) (91) Recoveries 2 - - - - 1 12 15 Ending balance $ 311 $ 5,870 $ 116 $ 703 $ 267 $ 348 $ 103 $ 7,718 An analysis of the changes in the allowance for loan losses for the six months ended March 31, 2017 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 $ 335 $ 5,160 $ 109 $ 845 $ 295 $ 284 $ 94 $ 7,122 Provisions 10 710 7 (142) (28) 75 49 681 Charge-offs (39) - - - - (25) (62) (126) Recoveries 5 - - - - 14 22 41 Ending balance $ 311 $ 5,870 $ 116 $ 703 $ 267 $ 348 $ 103 $ 7,718 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 |
Impaired Loans Individually Evaluated for Impairment | The following table presents impaired loans individually evaluated for impairment as of March 31, 2017 and for the three and six months ended March 31, 2017 and 2016. At March 31, 2017 Three Months Ended March 31, Six Months Ended March 31, 2017 2017 2016 2016 2017 2017 2016 2016 Unpaid Average Interest Average Interest Average Interest Average Interest Recorded Principal Related Recorded Income Recorded Income Recorded Income Recorded Income Investment Balance Allowance Investment Recognized Investment Recognized Investment Recognized Investment Recognized (In thousands) Loans with no related allowance recorded: Residential real estate $ 3,891 $ 4,176 $ - $ 4,255 $ 37 $ 5,591 $ 38 $ 4,191 $ 70 $ 5,437 $ 73 Commercial real estate 5,979 6,096 - 6,230 51 6,594 48 6,288 99 6,711 100 Multifamily - - - - - - - - - - - Construction - - - - - - - - - - - Land and land development 307 270 - 254 - - - 247 - - - Commercial business 201 208 - 211 1 329 1 214 3 322 2 Consumer 122 123 - 158 1 203 2 165 2 205 3 $ 10,500 $ 10,873 $ - $ 11,108 $ 90 $ 12,717 $ 89 $ 11,105 $ 174 $ 12,675 $ 178 Loans with an allowance recorded: Residential real estate $ 396 $ 408 $ 53 $ 468 $ - $ - $ - $ 460 $ - $ 1 $ - Commercial real estate - - - - - - - - - - - Multifamily - - - - - - - - - - - Construction - - - - - - - - - - - Land and land development - - - - - - - - - - - Commercial business - - - - - - - - - - - Consumer 74 74 5 82 - 75 - 83 - 76 - $ 470 $ 482 $ 58 $ 550 $ - $ 75 $ - $ 543 $ - $ 77 $ - Total: Residential real estate $ 4,287 $ 4,584 $ 53 $ 4,723 $ 37 $ 5,591 $ 38 $ 4,651 $ 70 $ 5,438 $ 73 Commercial real estate 5,979 6,096 - 6,230 51 6,594 48 6,288 99 6,711 100 Multifamily - - - - - - - - - - - Construction - - - - - - - - - - - Land and land development 307 270 - 254 - - - 247 - - - Commercial business 201 208 - 211 1 329 1 214 3 322 2 Consumer 196 197 5 240 1 278 2 248 2 281 3 $ 10,970 $ 11,355 $ 58 $ 11,658 $ 90 $ 12,792 $ 89 $ 11,648 $ 174 $ 12,752 $ 178 The following table presents impaired loans individually evaluated for impairment as of September 30, 2016. Recorded Unpaid Related (In thousands) Loans with no related allowance recorded: Residential real estate $ 3,891 $ 4,171 $ - Commercial real estate 6,298 6,394 - Multifamily - - - Construction - - - Land and land development 241 238 - Commercial business 231 224 - Consumer 175 175 - $ 10,836 $ 11,202 $ - Loans with an allowance recorded: Residential real estate $ 451 $ 450 $ 43 Commercial real estate - - - Multifamily - - - Construction - - - Land and land development - - - Commercial business - - - Consumer 74 74 5 $ 525 $ 524 $ 48 Total: Residential real estate $ 4,342 $ 4,621 $ 43 Commercial real estate 6,298 6,394 - Multifamily - - - Construction - - - Land and land development 241 238 - Commercial business 231 224 - Consumer 249 249 5 $ 11,361 $ 11,726 $ 48 |
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, 2017: Loans 90+ Days Total Nonaccrual Past Due Nonperforming Loans Still Accruing Loans (In thousands) Residential real estate $ 1,567 $ 195 $ 1,762 Commercial real estate 1,482 - 1,482 Multifamily - - - Construction - - - Land and land development 275 - 275 Commercial business 112 - 112 Consumer 94 - 94 Total $ 3,530 $ 195 $ 3,725 The following table presents the recorded investment in nonperforming loans at September 30, 2016: Loans 90+ Days Total Nonaccrual Past Due Nonperforming Loans Still Accruing Loans (In thousands) Residential real estate $ 1,752 $ 22 $ 1,774 Commercial real estate 1,606 - 1,606 Multifamily - - - Construction - - - Land and land development 241 - 241 Commercial business 136 - 136 Consumer 140 - 140 Total $ 3,875 $ 22 $ 3,897 |
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, 2017: 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 $ 2,482 $ 149 $ 1,026 $ 3,657 $ 170,348 $ 174,005 Commercial real estate 319 - 100 419 243,113 243,532 Multifamily 395 - - 395 19,338 19,733 Construction - - - - 30,384 30,384 Land and land development - - 274 274 9,952 10,226 Commercial business 177 - 24 201 50,442 50,643 Consumer 104 1 - 105 29,942 30,047 Total $ 3,477 $ 150 $ 1,424 $ 5,051 $ 553,519 $ 558,570 The following table presents the aging of the recorded investment in past due loans at September 30, 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 $ 2,019 $ 860 $ 1,070 $ 3,949 $ 175,078 $ 179,027 Commercial real estate 367 - 94 461 217,255 217,716 Multifamily - - - - 18,452 18,452 Construction - - - - 30,306 30,306 Land and land development - - 241 241 10,923 11,164 Commercial business 40 - 42 82 42,065 42,147 Consumer 76 1 40 117 28,255 28,372 Total $ 2,502 $ 861 $ 1,487 $ 4,850 $ 522,334 $ 527,184 |
Recorded Investment in Loans by Risk Category | Loans not meeting the criteria above that are analyzed individually as part of the above described process are considered to be pass-rated loans. As of March 31, 2017, 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 $ 167,731 $ 231,883 $ 17,184 $ 29,689 $ 9,919 $ 45,849 $ 29,906 $ 532,161 Special Mention 517 8,917 2,549 695 - 4,682 - 17,360 Substandard 5,612 2,732 - - 307 112 137 8,900 Doubtful 145 - - - - - 4 149 Loss - - - - - - - - Total $ 174,005 $ 243,532 $ 19,733 $ 30,384 $ 10,226 $ 50,643 $ 30,047 $ 558,570 As of September 30, 2016, 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 $ 173,477 $ 211,247 $ 18,452 $ 30,206 $ 10,924 $ 41,986 $ 28,197 $ 514,489 Special Mention 459 - - 100 - 25 - 584 Substandard 5,002 6,469 - - 240 136 160 12,007 Doubtful 89 - - - - - 15 104 Loss - - - - - - - - Total $ 179,027 $ 217,716 $ 18,452 $ 30,306 $ 11,164 $ 42,147 $ 28,372 $ 527,184 |
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, 2017 and September 30, 2016. There was no specific reserve included in the allowance for loan losses related to TDRs at March 31, 2017 and September 30, 2016. Accruing Nonaccrual Total (In thousands) March 31, 2017: Residential real estate $ 2,720 $ - $ 2,720 Commercial real estate 4,497 1,383 5,880 Land and land development 32 - 32 Commercial business 89 112 201 Consumer 102 - 102 Total $ 7,440 $ 1,495 $ 8,935 September 30, 2016: Residential real estate $ 2,590 $ - $ 2,590 Commercial real estate 4,692 1,512 6,204 Commercial business 95 120 215 Consumer 109 - 109 Total $ 7,486 $ 1,632 $ 9,118 |
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, 2017 and 2016: Pre- Post- Modification Modification Number of Principal Principal Loans Balance Balance (In thousands) Three Months Ended March 31, 2017: Residential real estate 1 $ 452 $ 453 Land and land development 1 31 32 Total 2 $ 483 $ 485 Six Months Ended March 31, 2017: Residential real estate 1 $ 452 $ 453 Land and land development 1 31 32 Total 2 $ 483 $ 485 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 |
Loan Servicing Rights | An analysis of SBA loan servicing rights for the three- and six-month periods ended March 31, 2017 and 2016 are as follows: Three Months Ended Six Months Ended March 31, March 31, 2017 2016 2017 2016 (In thousands) Balance, beginning of period $ 558 $ 156 $ 310 $ - Servicing rights resulting from transfers of loans 247 - 507 156 Amortization (22) - (34) - Change in valuation allowance - - - - Balance, end of period $ 783 $ 156 $ 783 $ 156 |
Deposits (Tables)
Deposits (Tables) | 6 Months Ended |
Mar. 31, 2017 | |
Debt Disclosure [Abstract] | |
Schedule of Deposits | Deposits at March 31, 2017 and September 30, 2016 consisted of the following: March 31, September 30, 2017 2016 (In thousands) Noninterest-bearing demand deposits $ 98,790 $ 79,859 NOW accounts 178,399 145,816 Money market accounts 60,572 60,702 Savings accounts 91,041 83,911 Retail time deposits 124,577 127,691 Brokered time deposits 77,866 81,488 Total $ 631,245 $ 579,467 |
Supplemental Disclosure for E25
Supplemental Disclosure for Earnings Per Share (Tables) | 6 Months Ended |
Mar. 31, 2017 | |
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, 2017 and 2016. Three Months Ended Six Months Ended March 31, March 31, 2017 2016 2017 2016 (Dollars in thousands, except per share data) Basic: Earnings: Net income $ 2,194 $ 1,635 $ 4,531 $ 2,878 Less: Preferred stock dividends declared - (19) - (62) Net income available to common shareholders $ 2,194 $ 1,616 $ 4,531 $ 2,816 Shares: Weighted average common shares outstanding 2,220,773 2,204,787 2,212,955 2,195,727 Net income per common share, basic $ 0.99 $ 0.73 $ 2.05 $ 1.28 Diluted: Earnings: Net income available to common shareholders $ 2,194 $ 1,616 $ 4,531 $ 2,816 Shares: Weighted average common shares outstanding 2,220,773 2,204,787 2,212,955 2,195,727 Add: Dilutive effect of outstanding options 120,402 99,159 122,529 104,968 Add: Dilutive effect of restricted stock 3,244 - 1,262 - Weighted average common shares outstanding as adjusted 2,344,419 2,303,946 2,336,746 2,300,695 Net income per common share, diluted $ 0.94 $ 0.7 $ 1.94 $ 1.22 |
Supplemental Disclosures of C26
Supplemental Disclosures of Cash Flow Information (Tables) | 6 Months Ended |
Mar. 31, 2017 | |
Supplemental Cash Flow Elements [Abstract] | |
Supplemental Cash Flow Information | Six Months Ended March 31, 2017 2016 (In thousands) Cash payments for: Interest $ 2,051 $ 2,017 Taxes 270 618 Transfers from loans held for sale to loans - 1,319 Transfers from loans to foreclosed real estate 34 415 Proceeds from sales of foreclosed real estate financed through loans 189 134 Noncash exercise of stock options 294 179 |
Fair Value Measurements and D27
Fair Value Measurements and Disclosures about Fair Value of Financial Instruments (Tables) | 6 Months Ended |
Mar. 31, 2017 | |
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, 2017 and September 30, 2016. The Company had no liabilities measured at fair value as of March 31, 2017 or September 30, 2016. Carrying Value Level 1 Level 2 Level 3 Total (In thousands) March 31, 2017: Assets Measured - Recurring Basis: Trading account securities $ - $ 6,388 $ - $ 6,388 Securities available for sale: Agency bonds and notes $ - $ 1,005 $ - $ 1,005 Agency mortgage-backed - 41,056 - 41,056 Agency CMO - 14,785 - 14,785 Privately issued CMO - 2,364 - 2,364 Privately issued ABS - 3,984 - 3,984 SBA certificates - 1,095 - 1,095 Municipal - 110,669 - 110,669 Total securities available for sale $ - $ 174,958 $ - $ 174,958 Assets Measured - Nonrecurring Basis: Impaired loans: Residential real estate $ - $ - $ 4,234 $ 4,234 Commercial real estate - - 5,979 5,979 Land and land development - - 307 307 Commercial business - - 201 201 Consumer - - 191 191 Total impaired loans $ - $ - $ 10,912 $ 10,912 Loans held for sale: Residential mortgage loans held for sale $ - $ 506 $ - $ 506 SBA loans held for sale - 16,034 - 16,034 Total loans held for sale $ - $ 16,540 $ - $ 16,540 Loan servicing rights $ - $ - $ 783 $ 783 Other real estate owned, held for sale: Residential real estate $ - $ - $ 98 $ 98 Commercial real estate - - 205 205 Total other real estate owned $ - $ - $ 303 $ 303 Carrying Value Level 1 Level 2 Level 3 Total (In thousands) September 30, 2016: Assets Measured - Recurring Basis: Trading account securities $ - $ 9,255 $ - $ 9,255 Securities available for sale: Agency bonds and notes $ - $ 1,032 $ - $ 1,032 Agency mortgage-backed - 47,405 - 47,405 Agency CMO - 16,095 - 16,095 Privately-issued CMO - 2,652 - 2,652 Privately-issued ABS - 4,532 - 4,532 SBA certificates - 1,227 1,227 Municipal - 101,550 - 101,550 Total securities available for sale $ - $ 174,493 $ - $ 174,493 Assets Measured - Nonrecurring Basis: Impaired loans: Residential real estate $ - $ - $ 4,299 $ 4,299 Commercial real estate - - 6,298 6,298 Land and land development - - 241 241 Commercial business - - 231 231 Consumer - - 244 244 Total impaired loans $ - $ - $ 11,313 $ 11,313 Loans held for sale: Residential mortgage loans held for sale $ - $ 384 $ - $ 384 SBA loans held for sale - 5,087 - 5,087 Total loans held for sale $ - $ 5,471 $ - $ 5,471 Loan servicing rights $ - $ - $ 310 $ 310 Other real estate owned, held for sale: Residential real estate $ - $ - $ 397 $ 397 Commercial real estate - - 122 122 Total other real estate owned $ - $ - $ 519 $ 519 |
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, 2017: Amount Level 1 Level 2 Level 3 (In thousands) Financial assets: Cash and due from banks $ 11,148 $ 11,148 $ - $ - Interest-bearing deposits with banks 22,412 22,412 - - Interest-bearing time deposits 2,355 - 2,358 - Trading account securities 6,388 - 6,388 - Securities available for sale 174,958 - 174,958 - Securities held to maturity 2,987 - 3,328 - Loans, net 549,173 - - 544,154 Residential mortgage loans held for sale 506 - 506 - SBA loans held for sale 16,034 - 16,034 - FRB and FHLB stock 6,936 - 6,936 - Accrued interest receivable 3,127 - 3,127 - Loan servicing rights (included in other assets) 783 - - 808 Financial liabilities: Deposits 631,245 - - 628,392 Repurchase agreements 1,347 - 1,347 - Borrowings from FHLB 113,050 - 112,452 - Accrued interest payable 215 - 215 - Advance payments by borrowers for taxes and insurance 1,018 - 1,018 - Carrying Fair Value Measurements Using: September 30, 2016: Amount Level 1 Level 2 Level 3 (In thousands) Financial assets: Cash and due from banks $ 11,449 $ 11,449 $ - $ - Interest-bearing deposits with banks 17,893 17,893 - - Interest-bearing time deposits 3,100 - 3,114 - Trading account securities 9,255 - 9,255 - Securities available for sale 174,493 - 174,493 - Securities held to maturity 3,166 - 3,654 - Loans, net 518,611 - - 522,560 Residential mortgage loans held for sale 384 - 384 - SBA loans held for sale 5,087 - 5,087 - FRB and FHLB stock 6,936 - 6,936 - Accrued interest receivable 2,806 - 2,806 - Loan servicing rights (included in other assets) 310 - - 312 Financial liabilities: Deposits 579,467 - - 581,844 Short-term repurchase agreements 1,345 - 1,345 - Borrowings from FHLB 121,633 - 123,794 - Accrued interest payable 195 - 195 - Advance payments by borrowers for taxes and insurance 1,014 - 1,014 - |
Stock Based Compensation Plans
Stock Based Compensation Plans (Tables) | 6 Months Ended |
Mar. 31, 2017 | |
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract] | |
Share-based Payment Award, Stock Options, Valuation Assumptions | The fair value of options granted during the six month period ended March 31, 2017 was determined using the following assumptions: Expected dividend yield 1.75 % Risk-free interest rate 2.13 % Expected volatility 14.6 % Expected life of options 7.5 years Weighted average fair value at grant date $ 6.13 |
Stock Option Activity | A summary of stock option activity as of March 31, 2017, 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, 2016 187,050 $ 13.25 3.6 $ 4,285 Granted 51,295 40.09 9.6 354 Exercised (26,858) 13.25 860 Forfeited or expired - - - Outstanding at March 31, 2017 211,487 $ 19.76 4.7 $ 6,125 Vested and expected to vest 211,487 $ 19.76 4.7 $ 6,125 Exercisable at March 31, 2017 160,192 $ 13.25 3.1 $ 5,682 |
Nonvested Restricted Shares Activity | A summary of the Company’s nonvested restricted shares activity as of March 31, 2017 and changes during the six month period then ended is presented below. Weighted Number Average of Grant Date Shares Fair Value Nonvested at October 1, 2016 - - Granted 17,265 $ 40.09 Vested - - Forfeited - - Nonvested at March 31, 2017 17,265 $ 40.09 |
Regulatory Capital (Tables)
Regulatory Capital (Tables) | 6 Months Ended |
Mar. 31, 2017 | |
Banking and Thrift [Abstract] | |
Regulatory Capital | The Company’s and Bank’s actual capital amounts and ratios are also presented in the table. No amount was deducted from capital for interest-rate risk at either period. Minimum To Be Well Minimum Capitalized Under For Capital Prompt Corrective Actual Adequacy Purposes: Action Provisions: (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio As of March 31, 2017: Total capital (to risk-weighted assets): Consolidated $ 82,989 12.68 % $ 52,365 8.00 % N/A N/A Bank 79,015 12.10 52,258 8.00 $ 65,322 10.00 % Tier I capital (to risk-weighted assets): Consolidated $ 75,271 11.50 % $ 39,274 6.00 % N/A N/A Bank 71,297 10.91 39,193 6.00 $ 52,258 8.00 % Common equity tier I capital (to risk-weighted assets): Consolidated $ 75,271 11.50 % $ 29,455 4.50 % N/A N/A Bank 71,297 10.91 29,395 4.50 $ 42,459 6.50 % Tier I capital (to average adjusted total assets): Consolidated $ 75,271 9.33 % $ 32,279 4.00 % N/A N/A Bank 71,297 8.71 32,748 4.00 $ 40,935 5.00 % As of September 30, 2016: Total capital (to risk-weighted assets): Consolidated $ 72,227 11.82 % $ 48,874 8.00 % N/A N/A Bank 69,056 11.33 48,748 8.00 $ 60,934 10.00 % Tier I capital (to risk-weighted assets): Consolidated $ 65,105 10.66 % $ 36,655 6.00 % N/A N/A Bank 61,934 10.16 36,561 6.00 $ 48,748 8.00 % Common equity tier I capital (to risk-weighted assets): Consolidated $ 65,105 10.66 % $ 27,491 4.50 % N/A N/A Bank 61,934 10.16 27,420 4.50 $ 39,607 6.50 % Tier I capital (to average adjusted total assets): Consolidated $ 65,105 8.43 % $ 30,881 4.00 % N/A N/A Bank 61,934 8.09 30,621 4.00 $ 38,277 5.00 % |
Presentation of Interim Infor30
Presentation of Interim Information (Additional Information) (Detail) | Mar. 31, 2017 |
subsidiary [Member] | |
Schedule of Equity Method Investments [Line Items] | |
Equity Method Investment, Ownership Percentage | 51.00% |
Investment Securities (Amortize
Investment Securities (Amortized Cost And Fair Value Of Securities) (Detail) - USD ($) $ in Thousands | Mar. 31, 2017 | Sep. 30, 2016 |
Schedule of Cost-method Investments [Line Items] | ||
Available-for-Sale, Amortized Cost | $ 170,366 | $ 165,274 |
Available-for-Sale, Gross Unrealized Gains | 5,385 | 9,311 |
Available-for-Sale, Gross Unrealized Losses | (793) | (92) |
Available-for-Sale, Fair Value | 174,958 | 174,493 |
Held-to-Maturity, Amortized Cost | 2,987 | 3,166 |
Held-to-Maturity, Gross Unrealized Gains | 341 | 488 |
Held-to-Maturity, Gross Unrealized Losses | 0 | 0 |
Held-to-Maturity, Fair Value | 3,328 | 3,654 |
Agency bonds and notes | ||
Schedule of Cost-method Investments [Line Items] | ||
Available-for-Sale, Amortized Cost | 1,004 | 1,024 |
Available-for-Sale, Gross Unrealized Gains | 1 | 8 |
Available-for-Sale, Gross Unrealized Losses | 0 | 0 |
Available-for-Sale, Fair Value | 1,005 | 1,032 |
Agency Mortgage-Backed | ||
Schedule of Cost-method Investments [Line Items] | ||
Available-for-Sale, Amortized Cost | 40,747 | 46,376 |
Available-for-Sale, Gross Unrealized Gains | 443 | 1,029 |
Available-for-Sale, Gross Unrealized Losses | (134) | 0 |
Available-for-Sale, Fair Value | 41,056 | 47,405 |
Held-to-Maturity, Amortized Cost | 194 | 260 |
Held-to-Maturity, Gross Unrealized Gains | 18 | 23 |
Held-to-Maturity, Gross Unrealized Losses | 0 | 0 |
Held-to-Maturity, Fair Value | 212 | 283 |
Agency CMO | ||
Schedule of Cost-method Investments [Line Items] | ||
Available-for-Sale, Amortized Cost | 14,885 | 16,053 |
Available-for-Sale, Gross Unrealized Gains | 34 | 108 |
Available-for-Sale, Gross Unrealized Losses | (134) | (66) |
Available-for-Sale, Fair Value | 14,785 | 16,095 |
Privately issued CMO | ||
Schedule of Cost-method Investments [Line Items] | ||
Available-for-Sale, Amortized Cost | 2,128 | 2,359 |
Available-for-Sale, Gross Unrealized Gains | 236 | 293 |
Available-for-Sale, Gross Unrealized Losses | 0 | 0 |
Available-for-Sale, Fair Value | 2,364 | 2,652 |
Privately issued ABS | ||
Schedule of Cost-method Investments [Line Items] | ||
Available-for-Sale, Amortized Cost | 3,223 | 3,675 |
Available-for-Sale, Gross Unrealized Gains | 761 | 864 |
Available-for-Sale, Gross Unrealized Losses | 0 | (7) |
Available-for-Sale, Fair Value | 3,984 | 4,532 |
SBA certificates | ||
Schedule of Cost-method Investments [Line Items] | ||
Available-for-Sale, Amortized Cost | 1,092 | 1,220 |
Available-for-Sale, Gross Unrealized Gains | 3 | 7 |
Available-for-Sale, Gross Unrealized Losses | 0 | 0 |
Available-for-Sale, Fair Value | 1,095 | 1,227 |
Municipal obligations | ||
Schedule of Cost-method Investments [Line Items] | ||
Available-for-Sale, Amortized Cost | 107,287 | 94,567 |
Available-for-Sale, Gross Unrealized Gains | 3,907 | 7,002 |
Available-for-Sale, Gross Unrealized Losses | (525) | (19) |
Available-for-Sale, Fair Value | 110,669 | 101,550 |
Held-to-Maturity, Amortized Cost | 2,793 | 2,906 |
Held-to-Maturity, Gross Unrealized Gains | 323 | 465 |
Held-to-Maturity, Gross Unrealized Losses | 0 | 0 |
Held-to-Maturity, Fair Value | $ 3,116 | $ 3,371 |
Investment Securities (Amorti32
Investment Securities (Amortized Cost And Fair Value Of Investment Securities By Contractual Maturity) (Detail) - USD ($) $ in Thousands | Mar. 31, 2017 | Sep. 30, 2016 |
Schedule of Available-for-sale Securities [Line Items] | ||
Available for Sale, Amortized Cost, Due within one year | $ 1,531 | |
Available for Sale, Amortized Cost, Due after one year through five years | 11,677 | |
Available for Sale, Amortized Cost, Due after five years through ten years | 19,818 | |
Available for Sale, Amortized Cost, Due after ten years | 75,265 | |
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Total | 108,291 | |
Available-for-Sale, Amortized Cost | 170,366 | $ 165,274 |
Available for Sale, Fair Value, Due within one year | 1,559 | |
Available for Sale, Fair Value, Due after one year through five years | 12,150 | |
Available for Sale, Fair Value, Due after five years through ten years | 21,116 | |
Available for Sale, Fair Value, Due after ten years | 76,849 | |
Available-for-sale Securities, Debt Maturities, Single Maturity Date, Total | 111,674 | |
Available-for-sale, Fair Value | 174,958 | 174,493 |
Held to Maturity, Amortized Cost, Due within one year | 215 | |
Held to Maturity, Amortized Cost, Due after one year through five years | 984 | |
Held to Maturity, Amortized Cost, Due after five years through ten years | 1,087 | |
Held to Maturity, Amortized Cost, Due after ten years | 507 | |
Held-to-maturity Securities, Debt Maturities, Net Carrying Amount, Total | 2,793 | |
Held-to-Maturity, Amortized Cost | 2,987 | 3,166 |
Held to Maturity, Fair Value, Due within one year | 239 | |
Held to Maturity, Fair Value, Due after one year through five years | 1,095 | |
Held to Maturity, Fair Value, Due after five years through ten years | 1,222 | |
Held to Maturity, Fair Value, Due after ten years | 560 | |
Held-to-maturity Securities, Debt Maturities, Fair Value, Total | 3,116 | |
Held-to-Maturity, Fair Value | 3,328 | $ 3,654 |
Collateralized Mortgage Obligations | ||
Schedule of Available-for-sale Securities [Line Items] | ||
Available-for-Sale, Amortized Cost | 17,013 | |
Available-for-sale, Fair Value | 17,149 | |
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 | 3,223 | |
Available-for-sale, Fair Value | 3,984 | |
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 | 1,092 | |
Available-for-sale, Fair Value | 1,095 | |
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 | 40,747 | |
Available-for-sale, Fair Value | 41,056 | |
Held-to-Maturity, Amortized Cost | 194 | |
Held-to-Maturity, Fair Value | $ 212 |
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, 2017USD ($)Number | Sep. 30, 2016USD ($)Number |
Investments, Unrealized Loss Position [Line Items] | ||
Securities available for sale, Continuous loss position less than twelve months, Number of investment positions | 42 | 9 |
Securities available for sale, Continuous loss position more than twelve months, Number of Investment Positions | Number | 3 | 2 |
Securities available for sale, Number of Investment Positions | Number | 45 | 11 |
Securities available for sale, Continuous loss position less than twelve months, Fair Value | $ 35,915 | $ 6,159 |
Securities available for sale, Continuous loss position more than twelve months, Fair Value | 4,431 | 4,683 |
Securities available for sale, Continuous loss position | 40,346 | 10,842 |
Securities available for sale, Continuous loss position less than twelve months, Gross Unrealized Losses | 736 | 38 |
Securities available for sale, Continuous loss position more than twelve months, Gross Unrealized Losses | 57 | 54 |
Securities available for sale, Continuous loss position, Gross Unrealized Losses | $ 793 | $ 92 |
Agency Mortgage-Backed | ||
Investments, Unrealized Loss Position [Line Items] | ||
Securities available for sale, Continuous loss position less than twelve months, Number of investment positions | 13 | |
Securities available for sale, Continuous loss position less than twelve months, Fair Value | $ 15,262 | |
Securities available for sale, Continuous loss position less than twelve months, Gross Unrealized Losses | $ 134 | |
Agency CMO | ||
Investments, Unrealized Loss Position [Line Items] | ||
Securities available for sale, Continuous loss position less than twelve months, Number of investment positions | 7 | 3 |
Securities available for sale, Continuous loss position more than twelve months, Number of Investment Positions | 3 | 2 |
Securities available for sale, Continuous loss position less than twelve months, Fair Value | $ 6,778 | $ 3,946 |
Securities available for sale, Continuous loss position more than twelve months, Fair Value | 4,431 | 4,683 |
Securities available for sale, Continuous loss position less than twelve months, Gross Unrealized Losses | 77 | 12 |
Securities available for sale, Continuous loss position more than twelve months, Gross Unrealized Losses | $ 57 | $ 54 |
Municipal obligations | ||
Investments, Unrealized Loss Position [Line Items] | ||
Securities available for sale, Continuous loss position less than twelve months, Number of investment positions | 22 | 4 |
Securities available for sale, Continuous loss position less than twelve months, Fair Value | $ 13,875 | $ 2,147 |
Securities available for sale, Continuous loss position less than twelve months, Gross Unrealized Losses | $ 525 | $ 19 |
Privately-issued ABS | ||
Investments, Unrealized Loss Position [Line Items] | ||
Securities available for sale, Continuous loss position less than twelve months, Number of investment positions | Number | 2 | |
Securities available for sale, Continuous loss position less than twelve months, Fair Value | $ 66 | |
Securities available for sale, Continuous loss position less than twelve months, Gross Unrealized Losses | $ 7 |
Investment Securities (Addition
Investment Securities (Additional Information) (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Mar. 31, 2017 | Mar. 31, 2016 | Mar. 31, 2017 | Mar. 31, 2016 | Sep. 30, 2016 | |
Schedule of Available-for-sale Securities [Line Items] | |||||
Trading account securities | $ 6,388 | $ 6,388 | $ 9,255 | ||
Net gain (loss) on trading account securities | $ 211 | $ 251 | $ (71) | $ 428 | |
Debt Securities [Member] | |||||
Schedule of Available-for-sale Securities [Line Items] | |||||
Available for sale debt securities in loss position, depreciation percentage | 98.03% | 98.03% | |||
Debt Securities [Member] | Downgraded Due To Potential Credit Losses [Member] | |||||
Schedule of Available-for-sale Securities [Line Items] | |||||
Carrying Value Of Downgraded Due To Potential Credit Losses | $ 1,900 | $ 1,900 | |||
Debt Securities [Member] | Downgraded Privately Issued CMOs [Member] | |||||
Schedule of Available-for-sale Securities [Line Items] | |||||
Fair Market Value Of Downgraded Privately Issued Collateralized Mortgage Obligations | $ 2,500 | $ 2,500 |
Loans and Allowance for Loan 35
Loans and Allowance for Loan Losses (Loans) (Detail) - USD ($) $ in Thousands | Mar. 31, 2017 | Sep. 30, 2016 |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Gross loans | $ 592,238 | $ 553,567 |
Undisbursed portion of construction loans | (35,213) | (27,623) |
Principal loan balance | 557,025 | 525,944 |
Deferred loan origination fees and costs, net | (134) | (211) |
Allowance for loan losses | (7,718) | (7,122) |
Loans, net | 549,173 | 518,611 |
Commercial [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Principal loan balance | 242,872 | 217,378 |
Deferred loan origination fees and costs, net | (125) | (254) |
Multifamily residential [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Principal loan balance | 19,713 | 18,431 |
Deferred loan origination fees and costs, net | (15) | (17) |
Land and land development [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Principal loan balance | 10,198 | 11,137 |
Deferred loan origination fees and costs, net | 1 | 4 |
Commercial business [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Principal loan balance | 50,429 | 41,967 |
Deferred loan origination fees and costs, net | 65 | 37 |
Real estate mortgage [Member] | 1-4 family residential [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Gross loans | 173,405 | 178,364 |
Real estate mortgage [Member] | Commercial [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Gross loans | 242,872 | 217,378 |
Real estate mortgage [Member] | Multifamily residential [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Gross loans | 19,713 | 18,431 |
Real estate mortgage [Member] | Residential construction [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Gross loans | 33,314 | 24,275 |
Real estate mortgage [Member] | Commercial construction [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Gross loans | 32,297 | 33,685 |
Real estate mortgage [Member] | Land and land development [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Gross loans | 10,198 | 11,137 |
Real estate mortgage [Member] | Commercial business [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Gross loans | 50,429 | 41,967 |
Consumer [Member] | Home equity [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Gross loans | 21,746 | 21,370 |
Consumer [Member] | Auto [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Gross loans | 6,096 | 4,858 |
Consumer [Member] | Other consumer [Member] | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ||
Gross loans | $ 2,168 | $ 2,102 |
Loans and Allowance for Loan 36
Loans and Allowance for Loan Losses (Components Of Recorded Investment In Loans For Each Portfolio Class) (Detail) - USD ($) $ in Thousands | Mar. 31, 2017 | Sep. 30, 2016 |
Recorded Investment in Loans: | ||
Principal loan balance | $ 557,025 | $ 525,944 |
Accrued interest receivable | 1,679 | 1,451 |
Net deferred loan origination fees and costs | (134) | (211) |
Recorded investment in loans | 558,570 | 527,184 |
Recorded Investment in Loans as Evaluated for Impairment: | ||
Individually evaluated for impairment | 10,970 | 11,361 |
Collectively evaluated for impairment | 547,600 | 515,823 |
Ending balance | 558,570 | 527,184 |
Residential Real Estate [Member] | ||
Recorded Investment in Loans: | ||
Principal loan balance | 173,405 | 178,364 |
Accrued interest receivable | 493 | 505 |
Net deferred loan origination fees and costs | 107 | 158 |
Recorded investment in loans | 174,005 | 179,027 |
Recorded Investment in Loans as Evaluated for Impairment: | ||
Individually evaluated for impairment | 4,287 | 4,342 |
Collectively evaluated for impairment | 169,718 | 174,685 |
Ending balance | 174,005 | 179,027 |
Commercial Real Estate [Member] | ||
Recorded Investment in Loans: | ||
Principal loan balance | 242,872 | 217,378 |
Accrued interest receivable | 785 | 592 |
Net deferred loan origination fees and costs | (125) | (254) |
Recorded investment in loans | 243,532 | 217,716 |
Recorded Investment in Loans as Evaluated for Impairment: | ||
Individually evaluated for impairment | 5,979 | 6,298 |
Collectively evaluated for impairment | 237,553 | 211,418 |
Ending balance | 243,532 | 217,716 |
Multifamily [Member] | ||
Recorded Investment in Loans: | ||
Principal loan balance | 19,713 | 18,431 |
Accrued interest receivable | 35 | 38 |
Net deferred loan origination fees and costs | (15) | (17) |
Recorded investment in loans | 19,733 | 18,452 |
Recorded Investment in Loans as Evaluated for Impairment: | ||
Individually evaluated for impairment | 0 | 0 |
Collectively evaluated for impairment | 19,733 | 18,452 |
Ending balance | 19,733 | 18,452 |
Construction [Member] | ||
Recorded Investment in Loans: | ||
Principal loan balance | 30,398 | 30,337 |
Accrued interest receivable | 135 | 95 |
Net deferred loan origination fees and costs | (149) | (126) |
Recorded investment in loans | 30,384 | 30,306 |
Recorded Investment in Loans as Evaluated for Impairment: | ||
Individually evaluated for impairment | 0 | 0 |
Collectively evaluated for impairment | 30,384 | 30,306 |
Ending balance | 30,384 | 30,306 |
Land and Land development [Member] | ||
Recorded Investment in Loans: | ||
Principal loan balance | 10,198 | 11,137 |
Accrued interest receivable | 27 | 23 |
Net deferred loan origination fees and costs | 1 | 4 |
Recorded investment in loans | 10,226 | 11,164 |
Recorded Investment in Loans as Evaluated for Impairment: | ||
Individually evaluated for impairment | 307 | 241 |
Collectively evaluated for impairment | 9,919 | 10,923 |
Ending balance | 10,226 | 11,164 |
Commercial Business [Member] | ||
Recorded Investment in Loans: | ||
Principal loan balance | 50,429 | 41,967 |
Accrued interest receivable | 149 | 143 |
Net deferred loan origination fees and costs | 65 | 37 |
Recorded investment in loans | 50,643 | 42,147 |
Recorded Investment in Loans as Evaluated for Impairment: | ||
Individually evaluated for impairment | 201 | 231 |
Collectively evaluated for impairment | 50,442 | 41,916 |
Ending balance | 50,643 | 42,147 |
Consumer [Member] | ||
Recorded Investment in Loans: | ||
Principal loan balance | 30,010 | 28,330 |
Accrued interest receivable | 55 | 55 |
Net deferred loan origination fees and costs | (18) | (13) |
Recorded investment in loans | 30,047 | 28,372 |
Recorded Investment in Loans as Evaluated for Impairment: | ||
Individually evaluated for impairment | 196 | 249 |
Collectively evaluated for impairment | 29,851 | 28,123 |
Ending balance | $ 30,047 | $ 28,372 |
Loans and Allowance for Loan 37
Loans and Allowance for Loan Losses (Allowance For Loan Losses) (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||||
Mar. 31, 2017 | Mar. 31, 2016 | Mar. 31, 2017 | Mar. 31, 2016 | Mar. 31, 2017 | Sep. 30, 2016 | |
Changes in Allowance for Loan Losses: | ||||||
Beginning balance | $ 7,419 | $ 6,644 | $ 7,122 | $ 6,624 | ||
Provisions | 375 | 125 | 681 | 125 | ||
Charge-offs | (91) | (48) | (126) | (113) | ||
Recoveries | 15 | 30 | 41 | 115 | ||
Ending balance | 7,718 | 6,751 | 7,718 | 6,751 | ||
Ending Allowance Balance Attributable to Loans: | ||||||
Individually evaluated for impairment | $ 58 | $ 48 | ||||
Collectively evaluated for impairment | 7,660 | 7,074 | ||||
Ending balance | 7,718 | 6,644 | 7,718 | 6,751 | 7,718 | 7,122 |
Residential Real Estate [Member] | ||||||
Changes in Allowance for Loan Losses: | ||||||
Beginning balance | 312 | 370 | 335 | 444 | ||
Provisions | 19 | (62) | 10 | (182) | ||
Charge-offs | (22) | (30) | (39) | (56) | ||
Recoveries | 2 | 8 | 5 | 80 | ||
Ending balance | 311 | 286 | 311 | 286 | ||
Ending Allowance Balance Attributable to Loans: | ||||||
Individually evaluated for impairment | 53 | 43 | ||||
Collectively evaluated for impairment | 258 | 292 | ||||
Ending balance | 311 | 370 | 311 | 286 | 311 | 335 |
Commercial Real Estate [Member] | ||||||
Changes in Allowance for Loan Losses: | ||||||
Beginning balance | 5,313 | 4,514 | 5,160 | 4,327 | ||
Provisions | 557 | 81 | 710 | 268 | ||
Charge-offs | 0 | 0 | 0 | 0 | ||
Recoveries | 0 | 0 | 0 | 0 | ||
Ending balance | 5,870 | 4,595 | 5,870 | 4,595 | ||
Ending Allowance Balance Attributable to Loans: | ||||||
Individually evaluated for impairment | 0 | 0 | ||||
Collectively evaluated for impairment | 5,870 | 5,160 | ||||
Ending balance | 5,870 | 4,514 | 5,870 | 4,595 | 5,870 | 5,160 |
Multifamily [Member] | ||||||
Changes in Allowance for Loan Losses: | ||||||
Beginning balance | 105 | 147 | 109 | 156 | ||
Provisions | 11 | 10 | 7 | 1 | ||
Charge-offs | 0 | 0 | 0 | 0 | ||
Recoveries | 0 | 0 | 0 | 0 | ||
Ending balance | 116 | 157 | 116 | 157 | ||
Ending Allowance Balance Attributable to Loans: | ||||||
Individually evaluated for impairment | 0 | 0 | ||||
Collectively evaluated for impairment | 116 | 109 | ||||
Ending balance | 116 | 147 | 116 | 157 | 116 | 109 |
Construction [Member] | ||||||
Changes in Allowance for Loan Losses: | ||||||
Beginning balance | 1,026 | 594 | 845 | 551 | ||
Provisions | (323) | 57 | (142) | 100 | ||
Charge-offs | 0 | 0 | 0 | 0 | ||
Recoveries | 0 | 0 | 0 | 0 | ||
Ending balance | 703 | 651 | 703 | 651 | ||
Ending Allowance Balance Attributable to Loans: | ||||||
Individually evaluated for impairment | 0 | 0 | ||||
Collectively evaluated for impairment | 703 | 845 | ||||
Ending balance | 703 | 594 | 703 | 651 | 703 | 845 |
Land and Land Development [Member] | ||||||
Changes in Allowance for Loan Losses: | ||||||
Beginning balance | 261 | 338 | 295 | 369 | ||
Provisions | 6 | 7 | (28) | (24) | ||
Charge-offs | 0 | 0 | 0 | 0 | ||
Recoveries | 0 | 0 | 0 | 0 | ||
Ending balance | 267 | 345 | 267 | 345 | ||
Ending Allowance Balance Attributable to Loans: | ||||||
Individually evaluated for impairment | 0 | 0 | ||||
Collectively evaluated for impairment | 267 | 295 | ||||
Ending balance | 267 | 338 | 267 | 345 | 267 | 295 |
Commercial Business [Member] | ||||||
Changes in Allowance for Loan Losses: | ||||||
Beginning balance | 310 | 575 | 284 | 678 | ||
Provisions | 62 | 50 | 75 | (53) | ||
Charge-offs | (25) | 0 | (25) | 0 | ||
Recoveries | 1 | 0 | 14 | 0 | ||
Ending balance | 348 | 625 | 348 | 625 | ||
Ending Allowance Balance Attributable to Loans: | ||||||
Individually evaluated for impairment | 0 | 0 | ||||
Collectively evaluated for impairment | 348 | 284 | ||||
Ending balance | 348 | 575 | 348 | 625 | 348 | 284 |
Consumer [Member] | ||||||
Changes in Allowance for Loan Losses: | ||||||
Beginning balance | 92 | 106 | 94 | 99 | ||
Provisions | 43 | (18) | 49 | 15 | ||
Charge-offs | (44) | (18) | (62) | (57) | ||
Recoveries | 12 | 22 | 22 | 35 | ||
Ending balance | 103 | 92 | 103 | 92 | ||
Ending Allowance Balance Attributable to Loans: | ||||||
Individually evaluated for impairment | 5 | 5 | ||||
Collectively evaluated for impairment | 98 | 89 | ||||
Ending balance | $ 103 | $ 106 | $ 103 | $ 92 | $ 103 | $ 94 |
Loans and Allowance for Loan 38
Loans and Allowance for Loan Losses (Impaired Loans Individually Evaluated For Impairment) (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Mar. 31, 2017 | Mar. 31, 2016 | Mar. 31, 2017 | Mar. 31, 2016 | Sep. 30, 2016 | |
Financing Receivable, Impaired [Line Items] | |||||
Loans with no related allowance recorded, Recorded Investment | $ 10,500 | $ 10,500 | $ 10,836 | ||
Loans with no related allowance recorded, Unpaid Principal Balance | 10,873 | 10,873 | 11,202 | ||
Loans with no related allowance recorded, Average Recorded Investment | 11,108 | $ 12,717 | 11,105 | $ 12,675 | |
Loans with no related allowance recorded, Interest Income Recognized | 90 | 89 | 174 | 178 | |
Loans with an allowance recorded, Recorded Investment | 470 | 470 | 525 | ||
Loans with an allowance recorded, Unpaid Principal Balance | 482 | 482 | 524 | ||
Loans with an allowance recorded, Related Allowance | 58 | 58 | 48 | ||
Loans with an allowance recorded, Average Recorded Investment | 550 | 75 | 543 | 77 | |
Loans with an allowance recorded, Interest Income Recognized | 0 | 0 | 0 | 0 | |
Total, Recorded Investment | 10,970 | 10,970 | 11,361 | ||
Total, Unpaid Principal Balance | 11,355 | 11,355 | 11,726 | ||
Total, Related Allowance | 58 | 58 | 48 | ||
Total, Average Recorded Investment | 11,658 | 12,792 | 11,648 | 12,752 | |
Total, Interest Income Recognized | 90 | 89 | 174 | 178 | |
Residential real estate [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Loans with no related allowance recorded, Recorded Investment | 3,891 | 3,891 | 3,891 | ||
Loans with no related allowance recorded, Unpaid Principal Balance | 4,176 | 4,176 | 4,171 | ||
Loans with no related allowance recorded, Average Recorded Investment | 4,255 | 5,591 | 4,191 | 5,437 | |
Loans with no related allowance recorded, Interest Income Recognized | 37 | 38 | 70 | 73 | |
Loans with an allowance recorded, Recorded Investment | 396 | 396 | 451 | ||
Loans with an allowance recorded, Unpaid Principal Balance | 408 | 408 | 450 | ||
Loans with an allowance recorded, Related Allowance | 53 | 53 | 43 | ||
Loans with an allowance recorded, Average Recorded Investment | 468 | 0 | 460 | 1 | |
Loans with an allowance recorded, Interest Income Recognized | 0 | 0 | 0 | 0 | |
Total, Recorded Investment | 4,287 | 4,287 | 4,342 | ||
Total, Unpaid Principal Balance | 4,584 | 4,584 | 4,621 | ||
Total, Related Allowance | 53 | 53 | 43 | ||
Total, Average Recorded Investment | 4,723 | 5,591 | 4,651 | 5,438 | |
Total, Interest Income Recognized | 37 | 38 | 70 | 73 | |
Commercial real estate [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Loans with no related allowance recorded, Recorded Investment | 5,979 | 5,979 | 6,298 | ||
Loans with no related allowance recorded, Unpaid Principal Balance | 6,096 | 6,096 | 6,394 | ||
Loans with no related allowance recorded, Average Recorded Investment | 6,230 | 6,594 | 6,288 | 6,711 | |
Loans with no related allowance recorded, Interest Income Recognized | 51 | 48 | 99 | 100 | |
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 | 5,979 | 5,979 | 6,298 | ||
Total, Unpaid Principal Balance | 6,096 | 6,096 | 6,394 | ||
Total, Related Allowance | 0 | 0 | 0 | ||
Total, Average Recorded Investment | 6,230 | 6,594 | 6,288 | 6,711 | |
Total, Interest Income Recognized | 51 | 48 | 99 | 100 | |
Multifamily [Member] | |||||
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 [Member] | |||||
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 [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Loans with no related allowance recorded, Recorded Investment | 307 | 307 | 241 | ||
Loans with no related allowance recorded, Unpaid Principal Balance | 270 | 270 | 238 | ||
Loans with no related allowance recorded, Average Recorded Investment | 254 | 0 | 247 | 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 | 307 | 307 | 241 | ||
Total, Unpaid Principal Balance | 270 | 270 | 238 | ||
Total, Related Allowance | 0 | 0 | 0 | ||
Total, Average Recorded Investment | 254 | 0 | 247 | 0 | |
Total, Interest Income Recognized | 0 | 0 | 0 | 0 | |
Commercial business [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Loans with no related allowance recorded, Recorded Investment | 201 | 201 | 231 | ||
Loans with no related allowance recorded, Unpaid Principal Balance | 208 | 208 | 224 | ||
Loans with no related allowance recorded, Average Recorded Investment | 211 | 329 | 214 | 322 | |
Loans with no related allowance recorded, Interest Income Recognized | 1 | 1 | 3 | 2 | |
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 | 201 | 201 | 231 | ||
Total, Unpaid Principal Balance | 208 | 208 | 224 | ||
Total, Related Allowance | 0 | 0 | 0 | ||
Total, Average Recorded Investment | 211 | 329 | 214 | 322 | |
Total, Interest Income Recognized | 1 | 1 | 3 | 2 | |
Consumer [Member] | |||||
Financing Receivable, Impaired [Line Items] | |||||
Loans with no related allowance recorded, Recorded Investment | 122 | 122 | 175 | ||
Loans with no related allowance recorded, Unpaid Principal Balance | 123 | 123 | 175 | ||
Loans with no related allowance recorded, Average Recorded Investment | 158 | 203 | 165 | 205 | |
Loans with no related allowance recorded, Interest Income Recognized | 1 | 2 | 2 | 3 | |
Loans with an allowance recorded, Recorded Investment | 74 | 74 | 74 | ||
Loans with an allowance recorded, Unpaid Principal Balance | 74 | 74 | 74 | ||
Loans with an allowance recorded, Related Allowance | 5 | 5 | 5 | ||
Loans with an allowance recorded, Average Recorded Investment | 82 | 75 | 83 | 76 | |
Loans with an allowance recorded, Interest Income Recognized | 0 | 0 | 0 | 0 | |
Total, Recorded Investment | 196 | 196 | 249 | ||
Total, Unpaid Principal Balance | 197 | 197 | 249 | ||
Total, Related Allowance | 5 | 5 | $ 5 | ||
Total, Average Recorded Investment | 240 | 278 | 248 | 281 | |
Total, Interest Income Recognized | $ 1 | $ 2 | $ 2 | $ 3 |
Loans and Allowance for Loan 39
Loans and Allowance for Loan Losses (Recorded Investment In Nonperforming Loans By Class Of Loans) (Detail) - USD ($) $ in Thousands | Mar. 31, 2017 | Sep. 30, 2016 |
Financing Receivable, Recorded Investment [Line Items] | ||
Non accrual Loans | $ 3,530 | $ 3,875 |
Loans 90+ Days Past Due Still Accruing | 195 | 22 |
Total Nonperforming Loans | 3,725 | 3,897 |
Residential real estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Non accrual Loans | 1,567 | 1,752 |
Loans 90+ Days Past Due Still Accruing | 195 | 22 |
Total Nonperforming Loans | 1,762 | 1,774 |
Commercial real estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Non accrual Loans | 1,482 | 1,606 |
Loans 90+ Days Past Due Still Accruing | 0 | 0 |
Total Nonperforming Loans | 1,482 | 1,606 |
Multifamily [Member] | ||
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 [Member] | ||
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 [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Non accrual Loans | 275 | 241 |
Loans 90+ Days Past Due Still Accruing | 0 | 0 |
Total Nonperforming Loans | 275 | 241 |
Commercial business [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Non accrual Loans | 112 | 136 |
Loans 90+ Days Past Due Still Accruing | 0 | 0 |
Total Nonperforming Loans | 112 | 136 |
Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Non accrual Loans | 94 | 140 |
Loans 90+ Days Past Due Still Accruing | 0 | 0 |
Total Nonperforming Loans | $ 94 | $ 140 |
Loans and Allowance for Loan 40
Loans and Allowance for Loan Losses (Aging of Recorded Investment in Past Due Loans) (Detail) - USD ($) $ in Thousands | Mar. 31, 2017 | Sep. 30, 2016 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | $ 5,051 | $ 4,850 |
Current | 553,519 | 522,334 |
Total Loans | 558,570 | 527,184 |
Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 3,477 | 2,502 |
Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 150 | 861 |
Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 1,424 | 1,487 |
Residential real estate [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 3,657 | 3,949 |
Current | 170,348 | 175,078 |
Total Loans | 174,005 | 179,027 |
Residential real estate [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 2,482 | 2,019 |
Residential real estate [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 149 | 860 |
Residential real estate [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 1,026 | 1,070 |
Commercial real estate [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 419 | 461 |
Current | 243,113 | 217,255 |
Total Loans | 243,532 | 217,716 |
Commercial real estate [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 319 | 367 |
Commercial real estate [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 0 | 0 |
Commercial real estate [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 100 | 94 |
Multifamily [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 395 | 0 |
Current | 19,338 | 18,452 |
Total Loans | 19,733 | 18,452 |
Multifamily [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 395 | 0 |
Multifamily [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 0 | 0 |
Multifamily [Member] | 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 [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 0 | 0 |
Current | 30,384 | 30,306 |
Total Loans | 30,384 | 30,306 |
Construction [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 0 | 0 |
Construction [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 0 | 0 |
Construction [Member] | 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 [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 274 | 241 |
Current | 9,952 | 10,923 |
Total Loans | 10,226 | 11,164 |
Land and land development [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 0 | 0 |
Land and land development [Member] | 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 [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 274 | 241 |
Commercial business [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 201 | 82 |
Current | 50,442 | 42,065 |
Total Loans | 50,643 | 42,147 |
Commercial business [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 177 | 40 |
Commercial business [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 0 | 0 |
Commercial business [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 24 | 42 |
Consumer [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 105 | 117 |
Current | 29,942 | 28,255 |
Total Loans | 30,047 | 28,372 |
Consumer [Member] | Financing Receivables, 30 to 59 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 104 | 76 |
Consumer [Member] | Financing Receivables, 60 to 89 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | 1 | 1 |
Consumer [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | ||
Financing Receivable, Recorded Investment, Past Due [Line Items] | ||
Total Past Due | $ 0 | $ 40 |
Loans and Allowance for Loan 41
Loans and Allowance for Loan Losses (Recorded Investment in Loans by Risk Category) (Detail) - USD ($) $ in Thousands | Mar. 31, 2017 | Sep. 30, 2016 |
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | $ 558,570 | $ 527,184 |
Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 532,161 | 514,489 |
Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 17,360 | 584 |
Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 8,900 | 12,007 |
Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 149 | 104 |
Loss [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 0 | 0 |
Residential Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 174,005 | 179,027 |
Residential Real Estate [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 167,731 | 173,477 |
Residential Real Estate [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 517 | 459 |
Residential Real Estate [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 5,612 | 5,002 |
Residential Real Estate [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 145 | 89 |
Residential Real Estate [Member] | Loss [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 0 | 0 |
Commercial Real Estate [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 243,532 | 217,716 |
Commercial Real Estate [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 231,883 | 211,247 |
Commercial Real Estate [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 8,917 | 0 |
Commercial Real Estate [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 2,732 | 6,469 |
Commercial Real Estate [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 0 | 0 |
Commercial Real Estate [Member] | Loss [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 0 | 0 |
Multifamily [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 19,733 | 18,452 |
Multifamily [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 17,184 | 18,452 |
Multifamily [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 2,549 | 0 |
Multifamily [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 0 | 0 |
Multifamily [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 0 | 0 |
Multifamily [Member] | Loss [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 0 | 0 |
Construction [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 30,384 | 30,306 |
Construction [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 29,689 | 30,206 |
Construction [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 695 | 100 |
Construction [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 0 | 0 |
Construction [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 0 | 0 |
Construction [Member] | Loss [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 0 | 0 |
Land and Land Development [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 10,226 | 11,164 |
Land and Land Development [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 9,919 | 10,924 |
Land and Land Development [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 0 | 0 |
Land and Land Development [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 307 | 240 |
Land and Land Development [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 0 | 0 |
Land and Land Development [Member] | Loss [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 0 | 0 |
Commercial Business [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 50,643 | 42,147 |
Commercial Business [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 45,849 | 41,986 |
Commercial Business [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 4,682 | 25 |
Commercial Business [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 112 | 136 |
Commercial Business [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 0 | 0 |
Commercial Business [Member] | Loss [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 0 | 0 |
Consumer [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 30,047 | 28,372 |
Consumer [Member] | Pass [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 29,906 | 28,197 |
Consumer [Member] | Special Mention [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 0 | 0 |
Consumer [Member] | Substandard [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 137 | 160 |
Consumer [Member] | Doubtful [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | 4 | 15 |
Consumer [Member] | Loss [Member] | ||
Financing Receivable, Recorded Investment [Line Items] | ||
Total Loans | $ 0 | $ 0 |
Loans and Allowance for Loan 42
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, 2017 | Sep. 30, 2016 |
Financing Receivable, Modifications [Line Items] | ||
Accruing | $ 7,440 | $ 7,486 |
Nonaccrual | 1,495 | 1,632 |
Total | 8,935 | 9,118 |
Residential Real Estate [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Accruing | 2,720 | 2,590 |
Nonaccrual | 0 | 0 |
Total | 2,720 | 2,590 |
Commercial real estate [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Accruing | 4,497 | 4,692 |
Nonaccrual | 1,383 | 1,512 |
Total | 5,880 | 6,204 |
Commercial business [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Accruing | 89 | 95 |
Nonaccrual | 112 | 120 |
Total | 201 | 215 |
Consumer [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Accruing | 102 | 109 |
Nonaccrual | 0 | 0 |
Total | 102 | $ 109 |
Land and land development [Member] | ||
Financing Receivable, Modifications [Line Items] | ||
Accruing | 32 | |
Nonaccrual | 0 | |
Total | $ 32 |
Loans and Allowance for Loan 43
Loans and Allowance for Loan Losses (Troubled Debt Restructurings) (Detail) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Mar. 31, 2017USD ($)Number | Mar. 31, 2016USD ($)Number | Mar. 31, 2017USD ($)Number | Mar. 31, 2016USD ($)Number | |
Troubled Debt Restructuring, Debtor, Subsequent Periods [Line Items] | ||||
Number of Loans | Number | 2 | 1 | 2 | 7 |
Pre-Modification Principal Balance | $ 483 | $ 107 | $ 483 | $ 269 |
Post-Modification Principal Balance | $ 485 | $ 121 | $ 485 | $ 365 |
Residential real estate [Member] | ||||
Troubled Debt Restructuring, Debtor, Subsequent Periods [Line Items] | ||||
Number of Loans | Number | 1 | 1 | 1 | 5 |
Pre-Modification Principal Balance | $ 452 | $ 107 | $ 452 | $ 181 |
Post-Modification Principal Balance | $ 453 | $ 121 | $ 453 | $ 247 |
Commercial Business [Member] | ||||
Troubled Debt Restructuring, Debtor, Subsequent Periods [Line Items] | ||||
Number of Loans | Number | 2 | |||
Pre-Modification Principal Balance | $ 88 | |||
Post-Modification Principal Balance | $ 118 | |||
Land and land development [Member] | ||||
Troubled Debt Restructuring, Debtor, Subsequent Periods [Line Items] | ||||
Number of Loans | Number | 1 | 1 | ||
Pre-Modification Principal Balance | $ 31 | $ 31 | ||
Post-Modification Principal Balance | $ 32 | $ 32 |
Loans and Allowance for Loan 44
Loans and Allowance for Loan Losses (Loan Servicing Rights) (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Mar. 31, 2017 | Mar. 31, 2016 | |
Balance, beginning of period | $ 558 | $ 156 | $ 310 | $ 0 |
Servicing rights resulting from transfers of loans | 247 | 0 | 507 | 156 |
Amortization | (22) | 0 | (34) | 0 |
Change in valuation allowance | 0 | 0 | 0 | 0 |
Balance, end of period | $ 783 | $ 156 | $ 783 | $ 156 |
Loans and Allowance for Loan 45
Loans and Allowance for Loan Losses (Additional Information) (Detail) - USD ($) | 3 Months Ended | 6 Months Ended | |||
Mar. 31, 2017 | Mar. 31, 2016 | Mar. 31, 2017 | Mar. 31, 2016 | Sep. 30, 2016 | |
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Impaired Financing Receivable Unpaid Principal Balance | $ 11,355,000 | $ 11,355,000 | $ 11,726,000 | ||
Mortgage Loans in Process of Foreclosure, Amount | 1,000,000 | 1,000,000 | 837,000 | ||
Loan Servicing Rights [Member] | |||||
Financing Receivable, Allowance for Credit Losses [Line Items] | |||||
Impaired Financing Receivable Unpaid Principal Balance | 33,900,000 | $ 5,900,000 | 33,900,000 | $ 5,900,000 | $ 13,600,000 |
Bank Servicing Fees | 43,000 | 27,000 | |||
Financial Services Costs | $ 54,000 | $ 20,000 | $ 69,000 | $ 35,000 |
Investment in Historic Tax Cr46
Investment in Historic Tax Credit Entity (Additional Information) (Detail) - USD ($) | Oct. 15, 2014 | Mar. 31, 2017 | Jun. 30, 2016 | Mar. 31, 2016 | Mar. 31, 2017 | Mar. 31, 2016 | Sep. 30, 2016 |
Percentage Of Received Equity Interest | 99.00% | ||||||
Percentage Of Receive Operating Profit And Losses | 99.00% | ||||||
Investment Credit Available To Be Estimated | $ 4,700,000 | ||||||
Other Assets | 4,200,000 | $ 5,941,000 | $ 5,941,000 | $ 3,956,000 | |||
Description Of Investment In Credit | At March 31, 2017, the Bank had made all of its required investments to the entity except for $344,000, which is due when the project is fully completed and the final certificate of occupancy is received. | ||||||
Investment Tax Credit | 226,000 | $ 4,200,000 | $ 0 | $ 226,000 | $ 0 | ||
Investment Tax Credit Percentage | 90.00% | ||||||
Historical Tax Credit On Investment | $ 4,700,000 | $ 5,000,000 | |||||
Investment In Credit [Member] | |||||||
Other Liabilities | $ 99 | 344,000 | 344,000 | ||||
Tax Credit Carryforward, Amount | $ 249,000 | 249,000 | |||||
Income Tax Credits and Adjustments | $ 226,000 |
Deposits (Summary of Deposits)
Deposits (Summary of Deposits) (Detail) - USD ($) $ in Thousands | Mar. 31, 2017 | Sep. 30, 2016 |
Deposits [Line Items] | ||
Noninterest-bearing demand deposits | $ 98,790 | $ 79,859 |
NOW accounts | 178,399 | 145,816 |
Money market accounts | 60,572 | 60,702 |
Savings accounts | 91,041 | 83,911 |
Retail time deposits | 124,577 | 127,691 |
Brokered time deposits | 77,866 | 81,488 |
Total | $ 631,245 | $ 579,467 |
Supplemental Disclosure for E48
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, 2017 | Mar. 31, 2016 | Mar. 31, 2017 | Mar. 31, 2016 | |
Earnings: | ||||
Net income | $ 2,194 | $ 1,635 | $ 4,531 | $ 2,878 |
Less: Preferred stock dividends declared | 0 | (19) | 0 | (62) |
Net income available to common shareholders | $ 2,194 | $ 1,616 | $ 4,531 | $ 2,816 |
Shares: | ||||
Weighted average common shares outstanding | 2,220,773 | 2,204,787 | 2,212,955 | 2,195,727 |
Net income per common share, basic | $ 0.99 | $ 0.73 | $ 2.05 | $ 1.28 |
Earnings: | ||||
Net income available to common shareholders | $ 2,194 | $ 1,616 | $ 4,531 | $ 2,816 |
Shares: | ||||
Weighted average common shares outstanding | 2,220,773 | 2,204,787 | 2,212,955 | 2,195,727 |
Add: Dilutive effect of outstanding options | 120,402 | 99,159 | 122,529 | 104,968 |
Add: Dilutive effect of restricted stock | 3,244 | 0 | 1,262 | 0 |
Weighted average common shares outstanding as adjusted | 2,344,419 | 2,303,946 | 2,336,746 | 2,300,695 |
Net income per common share, diluted | $ 0.94 | $ 0.7 | $ 1.94 | $ 1.22 |
Supplemental Disclosure for E49
Supplemental Disclosure for Earnings Per Share (Additional Information) (Detail) | 6 Months Ended |
Mar. 31, 2017shares | |
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross | 51,295 |
Supplemental Disclosures of C50
Supplemental Disclosures of Cash Flow Information (Cash Flow Information) (Detail) - USD ($) $ in Thousands | 6 Months Ended | |
Mar. 31, 2017 | Mar. 31, 2016 | |
Cash payments for: | ||
Interest | $ 2,051 | $ 2,017 |
Taxes | 270 | 618 |
Transfers from loans held for sale to loans | 0 | 1,319 |
Transfers from loans to foreclosed real estate | 34 | 415 |
Proceeds from sales of foreclosed real estate financed through loans | 189 | 134 |
Noncash exercise of stock options | $ 294 | $ 179 |
Fair Value Measurements and D51
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, 2017 | Dec. 31, 2016 | Sep. 30, 2016 | Mar. 31, 2016 | Dec. 31, 2015 | Sep. 30, 2015 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Trading account securities | $ 6,388 | $ 9,255 | ||||
Total securities available for sale | 174,958 | 174,493 | ||||
Loans servicing rights | 783 | $ 558 | 310 | $ 156 | $ 156 | $ 0 |
Other real estate owned | ||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Total other real estate owned | 303 | 519 | ||||
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 | 98 | 397 | ||||
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 | 205 | 122 | ||||
Fair Value, Measurements, Recurring | ||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Trading account securities | 6,388 | 9,255 | ||||
Total securities available for sale | 174,958 | 174,493 | ||||
Fair Value, Measurements, Recurring | Agency bonds and notes | ||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Total securities available for sale | 1,005 | 1,032 | ||||
Fair Value, Measurements, Recurring | Agency mortgage-backed | ||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Total securities available for sale | 41,056 | 47,405 | ||||
Fair Value, Measurements, Recurring | Agency CMO | ||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Total securities available for sale | 14,785 | 16,095 | ||||
Fair Value, Measurements, Recurring | Privately issued CMO | ||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Total securities available for sale | 2,364 | 2,652 | ||||
Fair Value, Measurements, Recurring | Privately-issued ABS | ||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Total securities available for sale | 3,984 | 4,532 | ||||
Fair Value, Measurements, Recurring | SBA Certificates | ||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Total securities available for sale | 1,095 | 1,227 | ||||
Fair Value, Measurements, Recurring | Municipal obligations | ||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Total securities available for sale | 110,669 | 101,550 | ||||
Fair Value, Measurements, Nonrecurring | ||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Total impaired loans | 10,912 | 11,313 | ||||
Loans held for sale | 16,540 | 5,471 | ||||
Loans servicing rights | 783 | 310 | ||||
Fair Value, Measurements, Nonrecurring | Residential real estate | ||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Total impaired loans | 4,234 | 4,299 | ||||
Fair Value, Measurements, Nonrecurring | Commercial real estate | ||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Total impaired loans | 5,979 | 6,298 | ||||
Fair Value, Measurements, Nonrecurring | Commercial business | ||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Total impaired loans | 201 | 231 | ||||
Fair Value, Measurements, Nonrecurring | Consumer | ||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Total impaired loans | 191 | 244 | ||||
Fair Value, Measurements, Nonrecurring | Land and Land Development [Member] | ||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Total impaired loans | 307 | 241 | ||||
Fair Value, Measurements, Nonrecurring | Small Business Administration Loan [Member] | ||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Loans held for sale | 16,034 | 5,087 | ||||
Fair Value, Measurements, Nonrecurring | Residential mortgage loans held for sale [Member] | ||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Loans held for sale | 506 | 384 | ||||
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 | Fair Value, Measurements, Recurring | ||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Trading account securities | 0 | 0 | ||||
Total securities available for sale | 0 | 0 | ||||
Level 1 | Fair Value, Measurements, Recurring | Agency bonds and notes | ||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Total 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] | ||||||
Total 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] | ||||||
Total 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] | ||||||
Total 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] | ||||||
Total 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] | ||||||
Total 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] | ||||||
Total 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 | ||||
Loans servicing rights | 0 | 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 1 | Fair Value, Measurements, Nonrecurring | Land and Land Development [Member] | ||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Total impaired loans | 0 | 0 | ||||
Level 1 | Fair Value, Measurements, Nonrecurring | Small Business Administration Loan [Member] | ||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Loans held for sale | 0 | 0 | ||||
Level 1 | Fair Value, Measurements, Nonrecurring | Residential mortgage loans held for sale [Member] | ||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Loans held for sale | 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 | Fair Value, Measurements, Recurring | ||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Trading account securities | 6,388 | 9,255 | ||||
Total securities available for sale | 174,958 | 174,493 | ||||
Level 2 | Fair Value, Measurements, Recurring | Agency bonds and notes | ||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Total securities available for sale | 1,005 | 1,032 | ||||
Level 2 | Fair Value, Measurements, Recurring | Agency mortgage-backed | ||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Total securities available for sale | 41,056 | 47,405 | ||||
Level 2 | Fair Value, Measurements, Recurring | Agency CMO | ||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Total securities available for sale | 14,785 | 16,095 | ||||
Level 2 | Fair Value, Measurements, Recurring | Privately issued CMO | ||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Total securities available for sale | 2,364 | 2,652 | ||||
Level 2 | Fair Value, Measurements, Recurring | Privately-issued ABS | ||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Total securities available for sale | 3,984 | 4,532 | ||||
Level 2 | Fair Value, Measurements, Recurring | SBA Certificates | ||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Total securities available for sale | 1,095 | 1,227 | ||||
Level 2 | Fair Value, Measurements, Recurring | Municipal obligations | ||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Total securities available for sale | 110,669 | 101,550 | ||||
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 | 16,540 | 5,471 | ||||
Loans servicing rights | 0 | 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 2 | Fair Value, Measurements, Nonrecurring | Land and Land Development [Member] | ||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Total impaired loans | 0 | 0 | ||||
Level 2 | Fair Value, Measurements, Nonrecurring | Small Business Administration Loan [Member] | ||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Loans held for sale | 16,034 | 5,087 | ||||
Level 2 | Fair Value, Measurements, Nonrecurring | Residential mortgage loans held for sale [Member] | ||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Loans held for sale | 506 | 384 | ||||
Level 3 | Other real estate owned | ||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Total other real estate owned | 303 | 519 | ||||
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 | 98 | 397 | ||||
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 | 205 | 122 | ||||
Level 3 | Fair Value, Measurements, Recurring | ||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Trading account securities | 0 | 0 | ||||
Total securities available for sale | 0 | 0 | ||||
Level 3 | Fair Value, Measurements, Recurring | Agency bonds and notes | ||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Total 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] | ||||||
Total 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] | ||||||
Total 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] | ||||||
Total 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] | ||||||
Total 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] | ||||||
Total 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 | 10,912 | 11,313 | ||||
Loans held for sale | 0 | 0 | ||||
Loans servicing rights | 783 | 310 | ||||
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 | 4,234 | 4,299 | ||||
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 | 5,979 | 6,298 | ||||
Level 3 | Fair Value, Measurements, Nonrecurring | Commercial business | ||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Total impaired loans | 201 | 231 | ||||
Level 3 | Fair Value, Measurements, Nonrecurring | Consumer | ||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Total impaired loans | 191 | 244 | ||||
Level 3 | Fair Value, Measurements, Nonrecurring | Land and Land Development [Member] | ||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Total impaired loans | 307 | 241 | ||||
Level 3 | Fair Value, Measurements, Nonrecurring | Small Business Administration Loan [Member] | ||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Loans held for sale | 0 | 0 | ||||
Level 3 | Fair Value, Measurements, Nonrecurring | Residential mortgage loans held for sale [Member] | ||||||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||||||
Loans held for sale | $ 0 | $ 0 |
Fair Value Measurements and D52
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, 2017 | Dec. 31, 2016 | Sep. 30, 2016 | Mar. 31, 2016 | Dec. 31, 2015 | Sep. 30, 2015 |
Financial assets: | ||||||
Cash and due from banks | $ 11,148 | $ 11,449 | ||||
Interest-bearing deposits with banks | 22,412 | 17,893 | ||||
Interest-bearing time deposits | 2,355 | 3,100 | ||||
Trading account securities | 6,388 | 9,255 | ||||
Securities available for sale | 174,958 | 174,493 | ||||
Securities held to maturity | 2,987 | 3,166 | ||||
Loans, net | 549,173 | 518,611 | ||||
FRB and FHLB stock | 6,936 | 6,936 | ||||
Accrued interest receivable | 3,127 | 2,806 | ||||
Loan servicing rights (included in other assets) | 783 | $ 558 | 310 | $ 156 | $ 156 | $ 0 |
Financial liabilities: | ||||||
Deposits | 631,245 | 579,467 | ||||
Repurchase agreements | 1,347 | 1,345 | ||||
Borrowings from FHLB | 113,050 | 121,633 | ||||
Accrued interest payable | 215 | 195 | ||||
Advance payments by borrowers for taxes and insurance | 1,018 | 1,014 | ||||
Small Business Administration Loans [Member] | ||||||
Financial assets: | ||||||
Loans, net | 16,034 | 5,087 | ||||
Residential mortgage loans held for sale [Member] | ||||||
Financial assets: | ||||||
Loans, net | 506 | 384 | ||||
Fair Value, Inputs, Level 1 [Member] | Small Business Administration Loans [Member] | ||||||
Financial assets: | ||||||
Loans, net | 0 | 0 | ||||
Fair Value, Inputs, Level 1 [Member] | Residential mortgage loans held for sale [Member] | ||||||
Financial assets: | ||||||
Loans, net | 0 | 0 | ||||
Fair Value, Inputs, Level 2 [Member] | Small Business Administration Loans [Member] | ||||||
Financial assets: | ||||||
Loans, net | 16,034 | 5,087 | ||||
Fair Value, Inputs, Level 2 [Member] | Residential mortgage loans held for sale [Member] | ||||||
Financial assets: | ||||||
Loans, net | 506 | 384 | ||||
Fair Value, Inputs, Level 3 [Member] | Small Business Administration Loans [Member] | ||||||
Financial assets: | ||||||
Loans, net | 0 | 0 | ||||
Fair Value, Inputs, Level 3 [Member] | Residential mortgage loans held for sale [Member] | ||||||
Financial assets: | ||||||
Loans, net | 0 | 0 | ||||
Estimate of Fair Value Measurement [Member] | Fair Value, Inputs, Level 1 [Member] | ||||||
Financial assets: | ||||||
Cash and due from banks | 11,148 | 11,449 | ||||
Interest-bearing deposits with banks | 22,412 | 17,893 | ||||
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 | ||||
FRB and FHLB stock | 0 | 0 | ||||
Accrued interest receivable | 0 | 0 | ||||
Loan servicing rights (included in other assets) | 0 | 0 | ||||
Financial liabilities: | ||||||
Deposits | 0 | 0 | ||||
Repurchase agreements | 0 | 0 | ||||
Borrowings from FHLB | 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 | 2,358 | 3,114 | ||||
Trading account securities | 6,388 | 9,255 | ||||
Securities available for sale | 174,958 | 174,493 | ||||
Securities held to maturity | 3,328 | 3,654 | ||||
Loans, net | 0 | 0 | ||||
FRB and FHLB stock | 6,936 | 6,936 | ||||
Accrued interest receivable | 3,127 | 2,806 | ||||
Loan servicing rights (included in other assets) | 0 | 0 | ||||
Financial liabilities: | ||||||
Deposits | 0 | 0 | ||||
Repurchase agreements | 1,347 | 1,345 | ||||
Borrowings from FHLB | 112,452 | 123,794 | ||||
Accrued interest payable | 215 | 195 | ||||
Advance payments by borrowers for taxes and insurance | 1,018 | 1,014 | ||||
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 | 544,154 | 522,560 | ||||
FRB and FHLB stock | 0 | 0 | ||||
Accrued interest receivable | 0 | 0 | ||||
Loan servicing rights (included in other assets) | 808 | 312 | ||||
Financial liabilities: | ||||||
Deposits | 628,392 | 581,844 | ||||
Repurchase agreements | 0 | 0 | ||||
Borrowings from FHLB | 0 | 0 | ||||
Accrued interest payable | 0 | 0 | ||||
Advance payments by borrowers for taxes and insurance | $ 0 | $ 0 |
Fair Value Measurements and D53
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, 2017 | Mar. 31, 2016 | Sep. 30, 2016 | |
Foreclosed Real Estate Expense | $ 20,000 | $ 10,000 | $ 79,000 | |
Impaired Loans [Member] | ||||
Foreclosed Real Estate Expense | $ 42,000 | |||
Maximum [Member] | Foreclosed Real Estate Held [Member] | ||||
Fair Value Inputs, Discount Rate | 57.60% | 34.20% | ||
Maximum [Member] | Collateral [Member] | ||||
Fair Value Inputs, Discount Rate | 6.00% | |||
Maximum [Member] | Impaired Loans [Member] | ||||
Fair Value Inputs, Discount Rate | 15.00% | 15.00% | ||
Maximum [Member] | Loan Servicing Rights [Member] | ||||
Fair Value Inputs, Discount Rate | 13.59% | 14.46% | ||
Fair Value Inputs, Prepayment Rate | 8.84% | 8.71% | ||
Minimum [Member] | Foreclosed Real Estate Held [Member] | ||||
Fair Value Inputs, Discount Rate | 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% | |||
Minimum [Member] | Loan Servicing Rights [Member] | ||||
Fair Value Inputs, Discount Rate | 9.01% | 8.54% | ||
Fair Value Inputs, Prepayment Rate | 3.62% | 4.25% | ||
Weighted Average [Member] | Foreclosed Real Estate Held [Member] | ||||
Fair Value Inputs, Discount Rate | 31.10% | 24.60% | ||
Weighted Average [Member] | Loan Servicing Rights [Member] | ||||
Fair Value Inputs, Discount Rate | 11.84% | 12.27% | ||
Fair Value Inputs, Prepayment Rate | 6.88% | 6.75% |
Employee Stock Ownership Plan (
Employee Stock Ownership Plan (Additional Information) (Detail) - USD ($) | Oct. 06, 2008 | Mar. 31, 2016 | Mar. 31, 2017 | Sep. 30, 2016 |
Total ESOP shares | 203,363 | 172,890 | 172,890 | |
Employee Stock Ownership Plan (ESOP), Weighted Average Purchase Price of Shares Purchased | $ 10 | |||
Employee Stock Ownership Plan (ESOP), Compensation Expense | $ 628,000 |
Stock Based Compensation Plan55
Stock Based Compensation Plans (Fair Value Of Options Granted) (Detail) | 6 Months Ended |
Mar. 31, 2017$ / shares | |
Expected dividend yield | 1.75% |
Risk-free interest rate | 2.13% |
Expected volatility | 14.60% |
Expected life of options | 7 years 6 months |
Weighted average fair value at grant date | $ 6.13 |
Stock Based Compensation Plan56
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, 2017 | Mar. 31, 2016 | Sep. 30, 2016 | |
Number of Shares | |||
Outstanding at beginning of year | 187,050 | ||
Granted | 51,295 | ||
Exercised | 26,858 | 26,210 | |
Forfeited or expired | 0 | ||
Outstanding at end of year | 211,487 | 187,050 | |
Vested and expected to vest | 211,487 | ||
Exercisable at end of year | 160,192 | ||
Weighted Average Exercise Price | |||
Outstanding at beginning of year | $ 13.25 | ||
Granted | 40.09 | ||
Exercised | 13.25 | ||
Forfeited or expired | 0 | ||
Outstanding at end of year | 19.76 | $ 13.25 | |
Vested and expected to vest | 19.76 | ||
Exercisable at end of year | $ 13.25 | ||
Weighted Average Remaining Contractual Term | |||
Outstanding of year | 4 years 8 months 12 days | 3 years 7 months 6 days | |
Granted | 9 years 7 months 6 days | ||
Vested and expected to vest | 4 years 8 months 12 days | ||
Exercisable at end of year | 3 years 1 month 6 days | ||
Aggregate Intrinsic Value | |||
Outstanding at beginning of year | $ 4,285 | ||
Granted | 354 | ||
Exercised | 860 | ||
Outstanding at end of year | 6,125 | $ 4,285 | |
Vested and expected to vest | 6,125 | ||
Exercisable at end of year | $ 5,682 |
Stock Based Compensation Plan57
Stock Based Compensation Plans (Nonvested Restricted Shares) (Detail) - Restricted Stock [Member] | 6 Months Ended |
Mar. 31, 2017$ / sharesshares | |
Number of Shares | |
Nonvested at beginning of year | shares | 0 |
Granted | shares | 17,265 |
Vested | shares | 0 |
Forfeited | shares | 0 |
Nonvested at end of year | shares | 17,265 |
Weighted Average Grant Date Fair Value | |
Nonvested, Beginning Balance | $ / shares | $ 0 |
Granted | $ / shares | 40.09 |
Vested | $ / shares | 0 |
Forfeited | $ / shares | 0 |
Nonvested, Ending Balance | $ / shares | $ 40.09 |
Stock Based Compensation Plan58
Stock Based Compensation Plans (Additional Information) (Detail) - USD ($) | 3 Months Ended | 6 Months Ended | ||
Mar. 31, 2017 | Mar. 31, 2016 | Mar. 31, 2017 | Mar. 31, 2016 | |
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 19,440 | 19,440 | ||
Stock or Unit Option Plan Expense | $ 16,000 | $ 24,000 | ||
Employee Stock Ownership Plan (Esop), Compensation Expense | $ 628,000 | |||
Equity Incentive Plan 2016 [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 88,000 | 88,000 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value | $ 100,000 | |||
Employee Stock Option [Member] | Equity Incentive Plan 2016 [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 66,000 | 66,000 | ||
Restricted Stock [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 4,735 | 4,735 | ||
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Share-based Awards Other than Options | $ 640,000 | $ 640,000 | ||
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period | 4 years 7 months 20 days | |||
Employee Stock Ownership Plan (Esop), Compensation Expense | $ 35,000 | $ 0 | $ 52,000 | $ 0 |
Restricted Stock [Member] | Equity Incentive Plan 2016 [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 22,000 | 22,000 | ||
Stock Option [Member] | ||||
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | 14,705 | 14,705 | ||
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Share-based Awards Other than Options | $ 291,000 | $ 291,000 |
Preferred Stock (Additional Inf
Preferred Stock (Additional Information) (Detail) - USD ($) | Aug. 11, 2011 | Dec. 31, 2015 | Mar. 31, 2017 | Sep. 30, 2016 | Feb. 11, 2016 |
Auction Market Preferred Securities, Stock Series [Line Items] | |||||
Weighted Average Dividend Rate | 1.00% | ||||
Preferred Stock, issued | 17,120 | 0 | 0 | ||
Series A Preferred Stock, total purchase price under Purchase Agreement | $ 17,120,000 | ||||
Series A Preferred Stock redemption price, under Purchase Agreement | 100.00% | ||||
Preferred Stock, aggregate liquidation preference | $ 1,000 | ||||
Tier One Risk Based Capital | $ 10,000,000,000 | ||||
Preferred Stock Value | $ 0 | $ 0 | |||
Small Business Jobs Act of 2010 | |||||
Auction Market Preferred Securities, Stock Series [Line Items] | |||||
Preferred Stock Value | $ 30,000,000,000 | ||||
Redeemable Preferred Stock | |||||
Auction Market Preferred Securities, Stock Series [Line Items] | |||||
Series A Preferred Stock, total purchase price under Purchase Agreement | $ 17,120,000 |
Regulatory Capital (Bank's Actu
Regulatory Capital (Bank's Actual Capital Amounts And Ratios) (Detail) - USD ($) $ in Thousands | Mar. 31, 2017 | Sep. 30, 2016 | Aug. 11, 2011 |
Tier I capital (to risk weighted assets) Actual Amount | $ 10,000,000 | ||
Consolidated | |||
Total capital (to risk weighted assets) Actual Amount | $ 82,989 | $ 72,227 | |
Tier I capital (to risk weighted assets) Actual Amount | 75,271 | 65,105 | |
Common equity tier I capital (to risk-weighted assets) Actual Amount | 75,271 | 65,105 | |
Tier I capital (to average adjusted total assets) Actual Amount | $ 75,271 | $ 65,105 | |
Total capital (to risk weighted assets) Actual Ratio | 12.68% | 11.82% | |
Tier I capital (to risk weighted assets) Actual Ratio | 11.50% | 10.66% | |
Common equity tier I capital (to risk-weighted assets) Actual Ratio | 11.50% | 10.66% | |
Tier I capital (to average adjusted total assets) Actual Ratio | 9.33% | 8.43% | |
Total capital (to risk weighted assets) Minimum For Capital Adequacy Purposes Amount | $ 52,365 | $ 48,874 | |
Tier I capital (to risk weighted assets) Minimum For Capital Adequacy Purposes Amount | 39,274 | 36,655 | |
Common equity tier I capital (to risk-weighted assets) Minimum For Capital Adequacy Purposes Amount | 29,455 | 27,491 | |
Tier I capital (to average adjusted total assets) Minimum For Capital Adequacy Purposes Amount | $ 32,279 | $ 30,881 | |
Total capital (to risk weighted assets) Minimum For Capital Adequacy Purposes Ratio | 8.00% | 8.00% | |
Tier I capital (to risk weighted assets) Minimum For Capital Adequacy Purposes Ratio | 6.00% | 6.00% | |
Common equity tier I capital (to risk-weighted assets) Minimum For Capital Adequacy Purposes Ratio | 4.50% | 4.50% | |
Tier I capital (to average adjusted total assets) Minimum For Capital Adequacy Purposes Ratio | 4.00% | 4.00% | |
Bank | |||
Total capital (to risk weighted assets) Actual Amount | $ 79,015 | $ 69,056 | |
Tier I capital (to risk weighted assets) Actual Amount | 71,297 | 61,934 | |
Common equity tier I capital (to risk-weighted assets) Actual Amount | 71,297 | 61,934 | |
Tier I capital (to average adjusted total assets) Actual Amount | $ 71,297 | $ 61,934 | |
Total capital (to risk weighted assets) Actual Ratio | 12.10% | 11.33% | |
Tier I capital (to risk weighted assets) Actual Ratio | 10.91% | 10.16% | |
Common equity tier I capital (to risk-weighted assets) Actual Ratio | 10.91% | 10.16% | |
Tier I capital (to average adjusted total assets) Actual Ratio | 8.71% | 8.09% | |
Total capital (to risk weighted assets) Minimum For Capital Adequacy Purposes Amount | $ 52,258 | $ 48,748 | |
Tier I capital (to risk weighted assets) Minimum For Capital Adequacy Purposes Amount | 39,193 | 36,561 | |
Common equity tier I capital (to risk-weighted assets) Minimum For Capital Adequacy Purposes Amount | 29,395 | 27,420 | |
Tier I capital (to average adjusted total assets) Minimum For Capital Adequacy Purposes Amount | $ 32,748 | $ 30,621 | |
Total capital (to risk weighted assets) Minimum For Capital Adequacy Purposes Ratio | 8.00% | 8.00% | |
Tier I capital (to risk weighted assets) Minimum For Capital Adequacy Purposes Ratio | 6.00% | 6.00% | |
Common equity tier I capital (to risk-weighted assets) Minimum For Capital Adequacy Purposes Ratio | 4.50% | 4.50% | |
Tier I capital (to average adjusted total assets) Minimum For Capital Adequacy Purposes Ratio | 4.00% | 4.00% | |
Total capital (to risk weighted assets) Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions Amount | $ 65,322 | $ 60,934 | |
Tier I capital (to risk weighted assets) Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions Amount | 52,258 | 48,748 | |
Common equity tier I capital (to risk-weighted assets) Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions Amount | 42,459 | 39,607 | |
Tier I capital (to average adjusted total assets) Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions Amount | $ 40,935 | $ 38,277 | |
Total capital (to risk weighted assets) Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio | 10.00% | 10.00% | |
Tier I capital (to risk weighted assets) Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio | 8.00% | 8.00% | |
Common equity tier I capital (to risk-weighted assets) Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio | 6.50% | 6.50% | |
Tier I capital (to adjusted total assets) Minimum To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio | 5.00% | 5.00% |
Regulatory Capital (Additional
Regulatory Capital (Additional Information) (Detail) | Sep. 30, 2019 | Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2015 |
Capital Conservation Buffer,Percentage | 0.625% | 0.00% | ||
Scenario, Forecast [Member] | ||||
Capital Conservation Buffer,Percentage | 2.50% | 1.25% |