Charter Financial (CHFN) 10-Q 8 Feb 16 2016 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Dec. 31, 2015	Feb. 05, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	Charter Financial Corp
Document Type	10-Q
Current Fiscal Year End Date	--09-30
Entity Common Stock, Shares Outstanding		15,020,869
Amendment Flag	false
Entity Central Index Key	1,478,726
Entity Filer Category	Accelerated Filer
Document Period End Date	Dec. 31, 2015
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1

Unaudited Condensed Consolidate

Unaudited Condensed Consolidated Statements of Financial Condition - USD ($)	Dec. 31, 2015	Sep. 30, 2015
Assets
Cash and amounts due from depository institutions	$ 14,243,071	$ 9,921,822
Interest-earning deposits in other financial institutions	37,638,231	20,421,403
Cash and cash equivalents	51,881,302	30,343,225
Loans held for sale, fair value of $2,330,930 and $1,444,042	2,285,847	1,406,902
Investment securities available for sale	175,988,229	184,404,089
Federal Home Loan Bank stock	3,005,600	3,515,600
Loans receivable, gross	690,687,371	725,673,178
Unamortized loan origination fees, net	(1,121,570)	(1,423,456)
Allowance for loan losses	(9,695,387)	(9,488,512)
Loans receivable, net	679,870,414	714,761,210
Other real estate owned	3,164,705	3,410,538
Accrued interest and dividends receivable	2,495,117	2,668,406
Premises and equipment, net	19,455,816	19,660,012
Goodwill	4,325,282	4,325,282
Other intangible assets, net of amortization	108,241	157,226
Cash surrender value of life insurance	48,744,173	48,423,510
Deferred income taxes	6,218,864	5,674,095
Other assets	7,336,384	8,329,239
Total assets	1,004,879,974	1,027,079,334
Liabilities:
Deposits	744,233,967	738,855,076
Federal Home Loan Bank advances	50,000,000	62,000,000
Advance payments by borrowers for taxes and insurance	790,435	1,745,753
Other liabilities	11,487,837	19,547,895
Total liabilities	806,512,239	822,148,724
Stockholders’ equity:
Common stock, $0.01 par value; 15,229,064 shares issued and outstanding at December 31, 2015 and 16,027,654 shares issued and outstanding at September 30, 2015	152,291	160,277
Preferred stock, $0.01 par value; 50,000,000 shares authorized at December 31, 2015 and September 30, 2015	0	0
Additional paid-in capital	85,546,958	95,355,054
Unearned compensation – ESOP	(5,106,169)	(5,551,193)
Retained earnings	118,228,061	114,362,386
Accumulated other comprehensive (loss) income	(453,406)	604,086
Total stockholders’ equity	198,367,735	204,930,610
Total liabilities and stockholders’ equity	$ 1,004,879,974	$ 1,027,079,334

Unaudited Condensed Consolidat3

Unaudited Condensed Consolidated Statements of Financial Condition (Parentheticals) - USD ($)	Dec. 31, 2015	Sep. 30, 2015
Loans held for sale, fair value (in dollars)	$ 2,330,930	$ 1,444,042
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares issued	15,229,064	16,027,654
Common stock, shares outstanding	15,229,064	16,027,654
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	50,000,000	50,000,000

Unaudited Condensed Consolidat4

Unaudited Condensed Consolidated Statements of Income - USD ($)	3 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Interest income:
Loans receivable	$ 9,441,525	$ 8,904,633
Mortgage-backed securities and collateralized mortgage obligations	682,456	830,677
Federal Home Loan Bank stock	38,928	36,708
Other investment securities available for sale	264,054	44,853
Interest-earning deposits in other financial institutions	12,391	41,036
Amortization of FDIC loss share receivable	0	(888,911)
Total interest income	10,439,354	8,968,996
Interest expense:
Deposits	665,433	732,927
Borrowings	552,882	602,746
Total interest expense	1,218,315	1,335,673
Net interest income	9,221,039	7,633,323
Provision for loan losses	0	4,000
Net interest income after provision for loan losses	9,221,039	7,629,323
Noninterest income:
Service charges on deposit accounts	1,752,558	1,581,978
Bankcard fees	1,145,826	947,623
Gain on investment securities available for sale	35,965	684
Bank owned life insurance	320,663	324,413
Gain on sale of loans and loan servicing release fees	347,856	367,002
Brokerage commissions	141,715	154,304
Recoveries on acquired loans previously covered under FDIC loss share agreements	2,875,000	0
FDIC receivable for loss sharing agreements accretion	0	47,461
Other	210,957	142,502
Total noninterest income	6,830,540	3,565,967
Noninterest expenses:
Salaries and employee benefits	5,262,989	5,014,267
Occupancy	1,910,452	1,875,663
Legal and professional	379,838	240,626
Marketing	260,914	265,232
Federal insurance premiums and other regulatory fees	223,843	195,590
Net benefit of operations of real estate owned	(21,243)	(57,320)
Furniture and equipment	168,415	150,535
Postage, office supplies and printing	184,712	240,607
Core deposit intangible amortization expense	48,985	74,308
Other	659,125	736,281
Total noninterest expenses	9,078,030	8,735,789
Income before income taxes	6,973,549	2,459,501
Income tax expense	2,359,271	785,998
Net income	$ 4,614,278	$ 1,673,503
Basic net income per share (in USD per share)	$ 0.31	$ 0.10
Diluted net income per share (in USD per share)	$ 0.30	$ 0.10
Weighted average number of common shares outstanding (in shares)	14,885,529	16,175,485
Weighted average number of common and potential common shares outstanding (in shares)	15,545,216	16,709,543

Unaudited Condensed Consolidat5

Unaudited Condensed Consolidated Statements of Comprehensive Income - USD ($)	3 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Net income	$ 4,614,278	$ 1,673,503
Reclassification adjustment for net gains realized in net income, net of taxes of $13,882 and $264, respectively	(22,083)	(420)
Net unrealized holding (losses) gains on investment and mortgage securities available for sale arising during the period, net of taxes of $(650,925) and $459,982, respectively	(1,035,409)	731,681
Comprehensive income	$ 3,556,786	$ 2,404,764

Unaudited Condensed Consolidat6

Unaudited Condensed Consolidated Statements of Comprehensive Income (Parentheticals) - USD ($)	3 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Taxes on reclassification adjustment for net gain/loss realized in net income	$ 13,882	$ 264
Tax on net unrealized holding gain/loss on investment and mortgage securities available for sale arising during the period	$ (650,925)	$ 459,982

Unaudited Condensed Consolidat7

Unaudited Condensed Consolidated Statements of Stockholders’ Equity - USD ($)	Total	Common stock	Additional paid-in capital	Unearned compensation ESOP	Retained earnings	Accumulated other comprehensive income (loss)
Shares, outstanding (in shares) at Sep. 30, 2014		18,261,388
Beginning Balance at Sep. 30, 2014	$ 224,954,869	$ 182,614	$ 119,586,164	$ (5,984,317)	$ 111,924,543	$ (754,135)
Net income	5,572,162				5,572,162
Dividends paid, $0.05 and $0.20 per share in the YTD Dec 31, 2015 and YTD Sept 30, 2015, respectively	(3,134,319)				(3,134,319)
Change in other comprehensive income	1,358,221					1,358,221
Allocation of ESOP common stock	561,259		128,135	433,124
Effect of restricted stock awards	792,619		792,619
Stock option expense	330,995		330,995
Issuance of common stock, restricted stock (in shares)		2,265
Issuance of common stock, restricted stock		$ 23	(23)
Repurchase of shares (in shares)		(2,235,999)
Repurchase of shares	(25,505,196)	$ (22,360)	(25,482,836)
Shares, outstanding (in shares) at Sep. 30, 2015		16,027,654
Ending Balance at Sep. 30, 2015	204,930,610	$ 160,277	95,355,054	(5,551,193)	114,362,386	604,086
Net income	4,614,278				4,614,278
Dividends paid, $0.05 and $0.20 per share in the YTD Dec 31, 2015 and YTD Sept 30, 2015, respectively	(748,603)				(748,603)
Change in other comprehensive income	(1,057,492)					(1,057,492)
Allocation of ESOP common stock	661,364		216,340	445,024
Effect of restricted stock awards	196,070		196,070
Stock option expense	80,578		80,578
Repurchase of shares (in shares)		(798,590)
Repurchase of shares	(10,309,070)	$ (7,986)	(10,301,084)
Shares, outstanding (in shares) at Dec. 31, 2015		15,229,064
Ending Balance at Dec. 31, 2015	$ 198,367,735	$ 152,291	$ 85,546,958	$ (5,106,169)	$ 118,228,061	$ (453,406)

Unaudited Condensed Consolidat8

Unaudited Condensed Consolidated Statements of Stockholders Equity (Parentheticals) - $ / shares	3 Months Ended	12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015
Statement of Stockholders' Equity [Abstract]
Dividends paid (in dollars per share)	$ 0.05	$ 0.20

Unaudited Condensed Consolidat9

Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)	3 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Cash flows from operating activities:
Net income	$ 4,614,278	$ 1,673,503
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Provision for acquired loan losses	0	4,000
Depreciation and amortization	288,221	319,780
Accretion and amortization of premiums and discounts, net	291,481	392,788
Accretion of fair value discounts related to acquired loans	(1,168,982)	(1,560,960)
Accretion of fair value discounts related to FDIC receivable	0	(47,461)
Amortization of FDIC loss share receivable	0	888,911
Gain on sale of loans and loan servicing release fees	(347,856)	(367,002)
Proceeds from sale of loans	12,766,789	12,543,287
Originations and purchases of loans held for sale	(13,297,878)	(12,322,906)
Gain on sale of mortgage-backed securities, collateralized mortgage obligations and other investments	(35,965)	(684)
Write down of real estate owned	0	11,096
Gain on sale of real estate owned	(184,719)	(137,289)
Loss (gain) on sale of fixed assets	6,581	(3,250)
Restricted stock award expense	196,070	198,697
Stock option expense	80,578	82,749
Increase in cash surrender value of bank owned life insurance	(320,663)	(324,413)
Changes in assets and liabilities:
Decrease (increase) in accrued interest and dividends receivable	173,289	(38,778)
Decrease in other assets	636,075	865,477
Decrease in other liabilities	(7,398,694)	(1,868,459)
Net cash (used in) provided by operating activities	(3,701,395)	309,086
Cash flows from investing activities:
Proceeds from sales of investment securities available for sale	1,231,330	6,439,319
Principal collections on investment securities available for sale	5,403,881	5,440,247
Purchase of investment securities available for sale	0	(18,094,730)
Proceeds from maturities or calls of investment securities available for sale	0	3,679,050
Proceeds from redemption of FHLB stock	510,000	0
Net decrease (increase) in loans receivable	35,857,671	(20,849,620)
Net decrease in FDIC receivable	0	402,154
Principal reductions of OREO	0	39,961
Proceeds from sale of real estate owned	555,531	3,291,742
Proceeds from sale of premises and equipment	0	3,250
Disposition of premises and equipment, net of purchases	315,159	9,964
Net cash provided by (used in) investing activities	43,873,572	(19,638,663)
Cash flows from financing activities:
Repurchase of shares	(10,309,070)	(14,218,889)
Dividends paid	(748,603)	(797,596)
Increase (decrease) in deposits	5,378,891	(15,717,127)
Principal payments on Federal Home Loan Bank advances	(12,000,000)	0
Net decrease in advance payments by borrowers for taxes and insurance	(955,318)	(668,205)
Net cash used in financing activities	(18,634,100)	(31,401,817)
Net increase (decrease) in cash and cash equivalents	21,538,077	(50,731,394)
Cash and cash equivalents at beginning of period	30,343,225	99,462,953
Cash and cash equivalents at end of period	51,881,302	48,731,559
Supplemental disclosures of cash flow information:
Interest paid	1,213,148	1,337,642
Income taxes paid	0	0
Supplemental disclosure of noncash activities:
Real estate acquired through foreclosure of collateral on loans receivable	124,979	1,033,671
Write down of real estate owned reimbursed by the FDIC	0	73,792
Gain on real estate sold payable to the FDIC	0	437,962
Provision for acquired loan losses reimbursed by the FDIC	0	76,000
Issuance of common stock under stock benefit plan	661,364	561,259
Unrealized (loss) gain on investment securities available for sale, net	$ (1,057,492)	$ 731,261

Nature of Operations

Nature of Operations	3 Months Ended
	Dec. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations	Nature of Operations Charter Financial Corporation (“Charter Financial” or the “Company”) is a savings and loan holding company that was incorporated under the laws of the State of Maryland in April 2013 to serve as the holding company for CharterBank (the “Bank”). The Bank is a federally-chartered savings bank that was originally founded in 1954 as a federally-chartered mutual savings and loan association. On April 8, 2013, the Company completed its conversion and reorganization pursuant to which it converted from the mutual holding company form of organization to the stock holding company form of organization. The Company sold 14.3 million shares of common stock for gross offering proceeds of $142.9 million in the offering. Following the conversion and reorganization, the Bank became 100% owned by Charter Financial and Charter Financial became 100% owned by public shareholders. As of December 31, 2015 , the Company operated 14 branch offices in west-central Georgia, east-central Alabama and the Florida Gulf Coast, as well as a cashless branch office in Norcross, Georgia. Additionally, on December 3, 2015, the Company announced plans to acquire CBS Financial Corporation, the parent company of Community Bank of the South. As of December 31, 2015 , Community Bank of the South operated four branches in the Atlanta metro area. The transaction is expected to close in April 2016 , and is subject to approval by CBS’s shareholders, receipt of regulatory approvals and other customary closing conditions.

Basis of Presentation

Basis of Presentation	3 Months Ended
	Dec. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited interim consolidated financial statements of Charter Financial and the Bank include the accounts of the Company and the Bank as of December 31, 2015 and September 30, 2015 (derived from audited financial statements), and for the three -month periods ended December 31, 2015 and 2014 . All intercompany accounts and transactions have been eliminated in consolidation. The unaudited interim consolidated financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the rules and regulations of the Securities and Exchange Commission. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, the unaudited interim condensed consolidated financial statements include all necessary adjustments, consisting of normal recurring accruals, necessary for a fair presentation for the periods presented. The results of operations for the three -month period ended December 31, 2015 are not necessarily indicative of the results that may be expected for the entire year or any other interim period. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses, the valuation of real estate acquired in connection with foreclosures or in satisfaction of loans, the estimates used for fair value acquisition accounting, the estimate of expected cash flows on purchased impaired and other acquired loans, and the assessment for other-than-temporary impairment of investment securities, mortgage-backed securities, collateralized mortgage-backed securities and collateralized mortgage obligations. Certain reclassifications of prior fiscal year balances have been made to conform to classifications used in the current fiscal year. These reclassifications did not change net income or stockholders' equity.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Dec. 31, 2015
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements In January 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-01, Financial Instruments-Recognition and Measurement of Financial Assets and Liabilities , which is intended to improve the recognition and measurement of financial instruments by requiring: equity investments (other than equity method or consolidation) to be measured at fair value with changes in fair value recognized in net income; public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes; separate presentation of financial assets and financial liabilities by measurement category and form of financial asset (i.e., securities or loans and receivables) on the balance sheet or the accompanying notes to the financial statements; eliminating the requirement to disclose the fair value of financial instruments measured at amortized cost for organizations that are not public business entities; eliminating the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet; and requiring a reporting organization to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk (also referred to as "own credit") when the organization has elected to measure the liability at fair value in accordance with the fair value option for financial instruments. This ASU is effective for public companies for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. This ASU permits early adoption of the instrument-specific credit risk provision. The Company is currently evaluating the impact of adopting the new guidance on its consolidated financial statements.

Securities Available for Sale

Securities Available for Sale	3 Months Ended
	Dec. 31, 2015
Investments, Debt and Equity Securities [Abstract]
Securities Available for Sale	Investment Securities Investment securities available for sale are summarized as follows: December 31, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Other investment securities: Collateralized loan obligations $ 39,669,031 $ 19,152 $ (289,844 ) $ 39,398,339 Mortgage-backed securities: FHLMC certificates 33,716,145 317,180 (199,231 ) 33,834,094 FNMA certificates 93,483,148 289,978 (893,483 ) 92,879,643 GNMA certificates 1,542,673 4,428 — 1,547,101 Private-label mortgage securities: (1) Investment grade 1,011,341 3,387 (39,448 ) 975,280 Split rating (2) 724,819 — (6,034 ) 718,785 Non-investment grade 6,528,052 193,094 (86,159 ) 6,634,987 Total $ 176,675,209 $ 827,219 $ (1,514,199 ) $ 175,988,229 ________________________________ (1) Credit ratings are current as of December 31, 2015 . (2) Bonds with split ratings represent securities with both investment and non-investment grades. September 30, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Other investment securities: Collateralized loan obligations $ 39,637,499 $ 59,751 $ (201,133 ) $ 39,496,117 Mortgage-backed securities: FHLMC certificates 35,533,446 485,501 (27,505 ) 35,991,442 FNMA certificates 97,676,102 787,507 (245,560 ) 98,218,049 GNMA certificates 1,553,500 5,095 — 1,558,595 Collateralized mortgage obligations: FHLMC 36,571 2,643 — 39,214 FNMA 61,929 1,386 — 63,315 Private-label mortgage securities: Investment grade 1,068,490 4,040 (41,214 ) 1,031,316 Split rating (1) 880,802 — (5,386 ) 875,416 Non-investment grade 7,040,469 179,372 (89,216 ) 7,130,625 Total $ 183,488,808 $ 1,525,295 $ (610,014 ) $ 184,404,089 ______________________________ (1) Bonds with split ratings represent securities with both investment and non-investment grades. The amortized cost and estimated fair value of investment securities available for sale as of December 31, 2015 , by contractual maturity, are shown below. Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Amortized Cost Estimated Fair Value Due within one year $ — $ — Due from one year to five years 4,456,059 4,415,985 Due after five years 35,212,972 34,982,354 Mortgage-backed securities 137,006,178 136,589,890 Total $ 176,675,209 $ 175,988,229 There were no investment securities available for sale that were called or matured during the three months ended December 31, 2015 . Proceeds from called or matured investment securities during the three months ended December 31, 2014 were $3.7 million . Proceeds from sales of investment securities available for sale during the three months ended December 31, 2015 and 2014 , were $1.2 million and $6.4 million , respectively. Gross realized gains on the sale of these securities were $36,224 and $2,507 for the three months ended December 31, 2015 and 2014 , respectively. Gross realized losses on the sale of these securities were $259 and $1,823 for the three months ended December 31, 2015 and 2014 , respectively. Investment securities available for sale with an aggregate carrying value of $93.7 million and $103.0 million at December 31, 2015 and September 30, 2015 , respectively, were available to be pledged to secure Federal Home Loan Bank (“FHLB”) advances, however no securities were pledged at either period end to secure FHLB advances. Investment securities available for sale that had been in a continuous unrealized loss position for less than 12 months at December 31, 2015 and September 30, 2015 are as follows: December 31, 2015 Amortized Cost Gross Unrealized Losses Estimated Fair Value Other investment securities: Collateralized loan obligations $ 27,740,650 $ (289,844 ) $ 27,450,806 Mortgage-backed securities: FHLMC certificates 15,339,191 (199,231 ) 15,139,960 FNMA certificates 59,235,435 (573,328 ) 58,662,107 Total $ 102,315,276 $ (1,062,403 ) $ 101,252,873 September 30, 2015 Amortized Cost Gross Unrealized Losses Estimated Fair Value Other investment securities: Collateralized loan obligations $ 19,912,486 $ (201,133 ) $ 19,711,353 Mortgage-backed securities: FHLMC certificates 16,021,392 (27,505 ) 15,993,887 FNMA certificates 35,454,134 (116,303 ) 35,337,831 Total $ 71,388,012 $ (344,941 ) $ 71,043,071 Investment securities available for sale that had been in a continuous unrealized loss position for greater than 12 months at December 31, 2015 and September 30, 2015 are as follows: December 31, 2015 Amortized Cost Gross Unrealized Losses Estimated Fair Value Mortgage-backed securities: FNMA certificates $ 20,791,947 $ (320,155 ) $ 20,471,792 Collateralized mortgage obligations: Private-label mortgage securities 2,890,532 (131,641 ) 2,758,891 Total $ 23,682,479 $ (451,796 ) $ 23,230,683 September 30, 2015 Amortized Cost Gross Unrealized Losses Estimated Fair Value Mortgage-backed securities: FNMA certificates $ 21,182,347 $ (129,257 ) $ 21,053,090 Collateralized mortgage obligations: Private-label mortgage securities 3,250,506 (135,816 ) 3,114,690 Total $ 24,432,853 $ (265,073 ) $ 24,167,780 At December 31, 2015 the Company had approximately $132,000 of gross unrealized losses on private-label mortgage securities with aggregate amortized cost of approximately $2.9 million . Previously, in fiscal 2011, the Company recognized $380,000 in credit losses on its investment portfolio. During the three months ended December 31, 2015 and 2014 , the Company recorded no other-than-temporary unrealized loss impairment charges. Other than what is discussed in the paragraphs below, the Company is projecting that it will receive essentially all contractual cash flows, so there is no break in yield or additional other than temporary impairment. Regularly, the Company performs an assessment to determine whether there have been any events or economic circumstances to indicate that a security on which there is an unrealized loss is impaired other-than-temporarily. The assessment considers many factors including the severity and duration of the impairment, the Company’s intent and ability to hold the security for a period of time sufficient for recovery in value, recent events specific to the industry, and current characteristics of each security such as delinquency and foreclosure levels, credit enhancements, and projected losses and loss coverage ratios. It is possible that the underlying collateral of these securities will perform worse than current expectations, which may lead to adverse changes in cash flows on these securities and potential future other-than-temporary impairment losses. Events that may trigger material declines in fair values for these securities in the future include but are not limited to, deterioration of credit metrics, significantly higher levels of default and severity of loss on the underlying collateral, deteriorating credit enhancement and loss coverage ratios, or further illiquidity. All of these securities were evaluated for other-than-temporary impairment based on an analysis of the factors and characteristics of each security as previously enumerated. The Company considers these unrealized losses to be temporary impairment losses primarily because of continued sufficient levels of credit enhancements and credit coverage levels of less senior tranches to tranches held by the Company. The following table shows issuer-specific information, including current par value, book value, fair value, credit rating and unrealized gain (loss) for the Company's portfolio of non-agency collateralized mortgage obligations as of December 31, 2015 : Cusip Description Credit Rating (1) Cumulative Net Impairment Losses Recognized in Earnings Current Par Value Amortized Cost Market Value Unrealized Gain (Loss) Moody S&P Fitch (dollars in thousands) Investment Grade 36228FQF6 GSR 2003-4F 1A2 n/a AA+ BBB $ — $ 148 $ 148 $ 149 $ 1 55265KL80 MASTR 2003-8 4A1 n/a A+ A — 137 137 138 1 86359BVF5 SARM 2004-6 3A3 n/a A+ n/a — 727 726 688 (38 ) Total — 1,012 1,011 975 (36 ) Split Rating 17307GDL9 CMLTI 2004-HYB1 A31 Ba2 n/a BBB — 725 725 719 (6 ) Total — 725 725 719 (6 ) Non-Investment Grade 576433UQ7 MARM 2004-13 B1 NR CCC n/a 380 2,915 2,534 2,723 189 576433VN3 MARM 2004-15 4A1 B3 n/a B — 1,439 1,439 1,352 (87 ) 576433QD1 MARM 2004-7 5A1 Ba3 BB n/a — 2,554 2,555 2,560 5 Total 380 6,908 6,528 6,635 107 Grand Total $ 380 $ 8,645 $ 8,264 $ 8,329 $ 65 ______________________________ (1) Credit ratings are current as of December 31, 2015 . Changes in accumulated other comprehensive income by component for the three months ended December 31, 2015 and 2014 are shown in the table below. All amounts are net of tax. The line item affected in the consolidated statements of income by the reclassified amounts is gain on investment securities available for sale. Unrealized Gain/Loss on Available-for-Sale Securities Three Months Ended December 31, 2015 2014 Beginning balance $ 604,086 $ (754,135 ) Other comprehensive income/loss before reclassifications (1,035,409 ) 731,681 Amounts reclassified from accumulated other comprehensive income/loss to gain on investment securities available for sale (22,083 ) (420 ) Net current-period other comprehensive income/loss (1,057,492 ) 731,261 Ending balance $ (453,406 ) $ (22,874 )

Loans Receivable

Loans Receivable	3 Months Ended
	Dec. 31, 2015
Receivables [Abstract]
Loans Receivable	Loans Receivable Loans outstanding, by class, are summarized in the following table: December 31, 2015 September 30, 2015 1-4 family residential real estate $ 182,297,415 $ 188,043,631 Commercial real estate 396,023,034 416,575,608 Commercial 39,836,473 37,444,399 Real estate construction 61,816,380 77,217,378 Consumer and other 10,714,069 6,392,162 Total loans, gross 690,687,371 725,673,178 Unamortized loan origination fees, net (1,121,570 ) (1,423,456 ) Allowance for loan losses (9,695,387 ) (9,488,512 ) Total loans, net $ 679,870,414 $ 714,761,210 Loan Origination and Risk Management. The Company has certain lending policies and procedures in place that are designed to maximize loan income within an acceptable level of risk. Management reviews and approves these policies and procedures on a regular basis. A reporting system supplements the review process by providing management with frequent reports related to loan production, loan quality, concentrations of credit, loan delinquencies and nonperforming and potential problem loans. Diversification in the loan portfolio is a means of managing risk associated with fluctuations in economic conditions. Commercial real estate loans are generally made by the Company to entities in Georgia, Alabama, Florida and adjoining states and are secured by properties in these states. Commercial real estate lending involves additional risks compared to one- to four-family residential lending. Repayment of commercial real estate loans often depends on the successful operations and income stream of the borrowers, and commercial real estate loans typically involve larger loan balances to single borrowers or groups of related borrowers compared to residential real estate loans. The Company’s underwriting criteria for commercial real estate loans include maximum loan-to-value ratios, debt coverage ratios, secondary sources of repayment, guarantor requirements, net worth requirements and quality of cash flow. As part of the loan approval and underwriting of commercial real estate loans, management undertakes a cash flow analysis, and generally requires a debt-service coverage ratio of at least 1.15 times. In addition, management tracks the level of owner-occupied commercial real estate loans versus non-owner occupied loans. At December 31, 2015 , approximately 23.8% of the outstanding principal balance of the Company’s commercial real estate loans was secured by owner-occupied properties. The Company makes construction and land development loans primarily for the construction of one- to four-family residences but also for multi-family and nonresidential real estate projects on a select basis. The Company offers construction loans to builders including both speculative (unsold) and pre-sold loans to pre-approved local builders. The number of speculative loans that management will extend to a builder at one time depends upon the financial strength and credit history of the builder. The Company’s construction loan program is expected to remain a modest portion of the loan volume and management generally limits the number of outstanding loans on unsold homes under construction within a specific area. The Company also originates first and second mortgage loans and home equity lines of credit secured by one- to four-family residential properties within Georgia, Alabama and the Florida panhandle. Management currently originates mortgages at all branch locations, but utilizes a centralized processing location to reduce the underwriting risk. The Company originates both fixed rate and adjustable rate one- to four-family residential mortgage loans. Fixed rate 30 year conforming loans are generally originated for resale into the secondary market and loans that are non-conforming due to property exceptions and that have adjustable rates are generally retained in the Company’s portfolio. The non-conforming loans originated are not considered to be subprime loans and the amount of subprime and low documentation loans held by the Company is not material. The Company also offers home equity lines of credit as a complement to one- to four-family residential mortgage lending. The underwriting standards applicable to home equity credit lines are similar to those for one- to four-family residential mortgage loans, except for slightly more stringent credit-to-income and credit score requirements. Home equity loans are generally limited to 80% of the value of the underlying property unless the loan is covered by private mortgage insurance. At December 31, 2015 , the Company had $17.7 million of home equity lines of credit and second mortgage loans. The Company originates consumer loans that consist of loans on deposits, auto loans and various other installment loans. The Company primarily offers consumer loans as an accommodation to customers. Consumer loans tend to have a higher credit risk than residential mortgage loans because they may be secured by rapidly depreciable assets, or may be unsecured. The Company’s consumer lending generally follows accepted industry standards for non-subprime lending, including credit scores and debt to income ratios. The Company’s commercial business loans are generally limited to terms of five years or less. While management typically collateralizes these loans with a lien on commercial real estate or, much less frequently, with a lien on business assets and equipment, the primary underwriting consideration is the business cash flow. Management also generally requires the personal guarantee of the business owner. Interest rates on commercial business loans are generally higher than interest rates on residential or commercial real estate loans due to the risk inherent in this type of loan. Commercial business loans are generally considered to have more risk than residential mortgage loans or commercial real estate loans because the collateral may be in the form of intangible assets and/or readily depreciable inventory. Commercial business loans may also involve relatively large loan balances to single borrowers or groups of related borrowers, with the repayment of such loans typically dependent on the successful operation and income stream of the borrower. Such risks can be significantly affected by economic conditions. In addition, commercial business lending generally requires substantially greater supervision efforts by management compared to residential mortgage or commercial real estate lending. The Company maintains an internal loan review function that reviews and validates the credit risk program on a periodic basis. Results of these reviews are presented to management. The loan review process complements and reinforces the risk identification and assessment decisions made by lenders and credit personnel, as well as the Company’s policies and procedures. Nonaccrual and Past Due Loans. An aging analysis of past due loans, segregated by class of loans, at December 31, 2015 and September 30, 2015 was as follows: December 31, 2015 September 30, 2015 Current $ 685,012,523 $ 718,875,005 Accruing past due loans: 30-89 days past due 1-4 family residential real estate 1,028,481 692,019 Commercial real estate 2,037,207 1,748,329 Commercial 79,057 94,602 Real estate construction — — Consumer and other 17,622 44,951 Total 30-89 days past due 3,162,367 2,579,901 90 days or greater past due (1) 1-4 family residential real estate 31,958 32,217 Commercial real estate 17,542 72,273 Commercial — — Real estate construction — — Consumer and other — — Total 90 days or greater past due 49,500 104,490 Total accruing past due loans 3,211,867 2,684,391 Nonaccruing loans: (2) 1-4 family residential real estate 1,111,040 1,469,088 Commercial real estate 1,210,339 2,513,204 Commercial 137,152 126,432 Real estate construction — — Consumer and other 4,450 5,058 Nonaccruing loans 2,462,981 4,113,782 Total loans $ 690,687,371 $ 725,673,178 ________________________________ (1) Previously covered loans in the amount of $35,496 and $90,226 at December 31, 2015 and September 30, 2015 , respectively, are regarded as accruing loans and included in this section. These loans which are accounted for under ASC 310-30 are reported as accruing loans because of accretable discounts established at the time of acquisition. (2) Previously covered loans in the amount of $655,777 and $4.8 million at December 31, 2015 and September 30, 2015 , respectively, are regarded as accruing loans and excluded from the nonaccrual section due to the ongoing recognition of accretion income established at the time of acquisition. Impaired Loans. The Company evaluates “impaired” loans, which includes nonperforming loans and accruing troubled debt restructured loans, having risk characteristics that are unique to an individual borrower on a loan-by-loan basis with balances above a specified level. For smaller loans, the allowance is calculated based on the credit grade utilizing historical loss experience and other qualitative factors. Impaired loans for the periods ended December 31, 2015 and September 30, 2015 , segregated by class of loans are presented below. At December 31, 2015 and September 30, 2015 , there was no recorded allowance for loan losses on impaired loans. Three Months Ended Recorded Investment Unpaid Principal Balance Average Investment in Impaired Loans Interest Income Recognized 1-4 family residential real estate $ 1,262,929 $ 1,820,079 $ 1,277,937 $ 1,817 Commercial real estate 8,337,154 10,310,327 8,378,754 115,340 Commercial 137,152 252,880 144,734 — Real estate construction — — — — Total impaired loans $ 9,737,235 $ 12,383,286 $ 9,801,425 $ 117,157 The recorded investment in accruing troubled debt restructured loans (“TDR”) at December 31, 2015 totaled $7.3 million and is included in the impaired loan table above. Year Ended September 30, 2015 Recorded Investment Unpaid Principal Balance Average Investment in Impaired Loans Interest Income Recognized 1-4 family residential real estate $ 1,621,663 $ 2,166,477 $ 1,694,775 $ 14,472 Commercial real estate 8,421,326 10,406,885 8,611,964 346,819 Commercial 126,432 241,581 158,547 298 Real estate construction — — — — Total impaired loans $ 10,169,421 $ 12,814,943 $ 10,465,286 $ 361,589 The recorded investment in accruing troubled debt restructured loans at September 30, 2015 totaled $6.0 million and is included in the impaired loan table above. Loans are classified as restructured by the Company when certain modifications are made to the loan terms and concessions are granted to the borrowers due to financial difficulty experienced by those borrowers. The Company only restructures loans for borrowers in financial difficulty that have presented a viable business plan to fully pay off all obligations, including outstanding debt, interest, and fees, either by generating additional income from the business or through liquidation of assets. Generally, these loans are restructured to provide the borrower additional time to execute upon their plans. The concessions granted on TDRs generally include terms to reduce the interest rate or extend the term of the debt obligation. Loans on nonaccrual status at the date of modification are initially classified as nonaccrual TDRs. Loans on accruing status at the date of concession are initially classified as accruing TDRs if the loan is reasonably assured of repayment and performance is expected in accordance with its modified terms. Such loans may be designated as nonaccrual loans subsequent to the concession date if reasonable doubt exists as to the collection of interest or principal under the restructuring agreement. TDRs are returned to accruing status when there is economic substance to the restructuring, there is documented credit evaluation of the borrower’s financial condition, the remaining balance is reasonably assured of repayment in accordance with its modified terms, and the borrower has demonstrated sustained repayment performance in accordance with the modified terms for a reasonable period of time (generally a minimum of six months ). There were no new troubled debt restructurings in the three months ended December 31, 2015 and 2014 . At December 31, 2015 , restructured loans with a modified balance of $7.3 million were accruing and $317,280 were nonaccruing while restructured loans with a modified balance of $6.1 million were accruing and $1.7 million were nonaccruing at December 31, 2014 . As of December 31, 2015 , there was one loan in the amount of $108,861 that was restructured within the past twelve months and subsequently defaulted. There were no loans that defaulted within twelve months of their restructure at December 31, 2014 . Acquired Impaired Loans . The following table documents changes in the accretable discount on acquired credit impaired loans during the three months ended December 31, 2015 and the year ended September 30, 2015 : Three Months Ended December 31, 2015 Year Ended September 30, 2015 Balance, beginning of period $ 3,391,288 $ 5,843,697 Loan accretion (1,149,075 ) (5,874,337 ) Transfer from nonaccretable difference — 3,421,928 Balance, end of period $ 2,242,213 $ 3,391,288 The following table presents the outstanding balances and related carrying amounts for all purchase credit impaired loans at the periods ended December 31, 2015 and September 30, 2015 : December 31, 2015 September 30, 2015 Contractually required payments receivable $ 27,285,534 $ 31,522,816 Carrying amount 25,566,514 27,353,545 Credit Quality Indicators . As part of the ongoing monitoring of the credit quality of the Company’s loan portfolio, management tracks certain credit quality indicators including the level of classified loans, net charge-offs, nonperforming loans (see details above) and the general economic conditions in its market areas. The Company utilizes a risk grading to assign a risk grade to each of its loans. Loans are graded on a scale of 1 to 8. The risk grade for each individual loan is determined by the loan officer and other approving officers at the time of loan origination and is adjusted from time to time to reflect an ongoing assessment of loan risk. Risk grades are reviewed on specific loans monthly for all delinquent loans as a part of monthly meetings held by the Loan Committee, quarterly for all nonaccrual and special reserve loans, and annually as part of the Company’s internal loan review process. In addition, individual loan risk grades are reviewed in connection with all renewals, extensions and modifications. The following table presents the risk grades of the loan portfolio, segregated by class of loans: December 31, 2015 1-4 family residential real estate Commercial real estate Commercial Real estate construction Consumer and other Total Pass (1-4) $ 178,772,466 $ 360,783,972 $ 39,108,577 $ 61,816,380 $ 10,705,770 $ 651,187,165 Special Mention (5) 193,150 8,398,086 11,467 — — 8,602,703 Substandard (6) 3,331,799 26,840,976 716,429 — 8,299 30,897,503 Doubtful (7) — — — — — — Loss (8) — — — — — — Total loans $ 182,297,415 $ 396,023,034 $ 39,836,473 $ 61,816,380 $ 10,714,069 $ 690,687,371 September 30, 2015 1-4 family residential real estate Commercial real estate Commercial Real estate construction Consumer and other Total Pass (1-4) $ 182,991,645 $ 380,049,378 $ 36,697,618 $ 77,217,378 $ 6,363,643 $ 683,319,662 Special Mention (5) 704,509 4,461,662 12,406 — — 5,178,577 Substandard (6) 4,347,477 32,064,568 734,375 — 28,519 37,174,939 Doubtful (7) — — — — — — Loss (8) — — — — — — Total loans $ 188,043,631 $ 416,575,608 $ 37,444,399 $ 77,217,378 $ 6,392,162 $ 725,673,178 Allowance for Loan Losses . The allowance for loan losses is established through a provision for loan losses charged to expense and is an amount that management believes will be adequate to absorb losses on existing loans that become uncollectible, based on evaluations of the collectability of loans. The evaluations take into consideration such factors as changes in the nature and volume of the loan portfolio, historical loss rates, overall portfolio quality, review of specific problem loans, and current economic conditions and trends that may affect a borrower’s ability to repay. Loans are charged against the allowance for loan losses when management believes that the collectability of the principal is unlikely. Subsequent recoveries are added to the allowance. Management’s allowance for loan losses methodology is a loan classification-based system. Management bases the required reserve on a percentage of the loan balance for each type of loan and classification level. Loans may be classified manually and are automatically classified if they are not previously classified when they reach certain levels of delinquency. Unclassified loans are reserved at different percentages based on the loan loss history of the last seven years . Reserve percentages are also adjusted based upon our estimate of the effect that the current economic environment will have on each type of loan. Management segments its allowance for loan losses into the following four major categories: (1) specific reserves; (2) general allowances for Classified/Watch loans; (3) general allowances for loans with satisfactory ratings; and (4) an unallocated amount. Risk ratings are initially assigned in accordance with CharterBank’s loan and collection policy. An organizationally independent department reviews risk grade assignments on an ongoing basis. Management reviews current information and events regarding a borrowers’ financial condition and strengths, cash flows available for debt repayment, the related collateral supporting the loan and the effects of known and expected economic conditions. When the evaluation reflects a greater than normal risk associated with the individual loan, management classifies the loan accordingly. If the loan is determined to be impaired, management allocates a portion of the allowance for loan losses for that loan based on the fair value of the collateral, if the loan is considered collateral-dependent, as the measure for the amount of the impairment. Impaired and Classified/Watch loans are aggressively monitored. The allowances for loans by credit grade are further subdivided by loan type. Charter Financial has developed specific quantitative allowance factors to apply to each loan which considers loan charge-off experience over the most recent seven years by loan type. In addition, loss estimates are applied for certain qualitative allowance factors that are subjective in nature and require considerable judgment on the part of management. Such qualitative factors include economic and business conditions, the volume of past due loans, changes in the value of collateral of collateral-dependent loans, and other economic uncertainties. An unallocated component of the allowance is also established for potential losses that exist in the remainder of the portfolio, but have yet to be identified. The Company incorporates certain refinements and improvements to its allowance for loan losses methodology from time to time. During the prior fiscal year, the Company made minor refinements to the qualitative risk factors but no significant changes to its allowance methodology. The adjustments in the Company's methodology were not material to the overall allowance or provision for the three months ended December 31, 2015 or for the fiscal year ended September 30, 2015 . An unallocated allowance is generally maintained in a range of 4% to 12% of the total allowance in recognition of the imprecision of the estimates and other factors. In times of greater economic downturn and uncertainty, the higher end of this range is provided. The Company maintained its allowance for loan losses for the three months ended December 31, 2015 and the fiscal year ended September 30, 2015 , in response to inconsistent economic conditions, net charge-offs/recoveries, financial indicators for borrowers in the real estate sectors, continuing low collateral values of commercial and residential real estate, and nonaccrual and impaired loans. However, the Company did not make a provision in either period due to the overall persisting trend of declining net charge-offs and general improvement in the credit quality of the loan portfolio. The following tables are a summary of transactions in the allowance for loan losses by portfolio segment for the three months ended December 31, 2015 and the fiscal year ended September 30, 2015 : Three Months Ended December 31, 2015 1-4 family real estate Commercial real estate Commercial Real estate construction Consumer and other Unallocated Total Allowance for loan losses: Beginning balance $ 708,671 $ 7,787,165 $ 473,342 $ 503,112 $ 16,222 $ — $ 9,488,512 Charge-offs (10,841 ) — (504 ) — (3,222 ) — (14,567 ) Recoveries 16,646 91,664 108,998 — 4,134 — 221,442 Provision (22,266 ) (675,850 ) (17,191 ) (41,689 ) 19,716 737,280 — Ending balance $ 692,210 $ 7,202,979 $ 564,645 $ 461,423 $ 36,850 $ 737,280 $ 9,695,387 Amounts allocated to: Individually evaluated for impairment $ — $ — $ — $ — $ — $ — $ — Other loans not individually evaluated 692,210 7,202,979 564,645 461,423 36,850 737,280 9,695,387 Ending balance $ 692,210 $ 7,202,979 $ 564,645 $ 461,423 $ 36,850 $ 737,280 $ 9,695,387 Loans: Amounts collectively evaluated for impairment $ 177,812,787 $ 369,590,945 $ 35,449,441 $ 61,816,380 $ 10,714,069 $ 655,383,622 Amounts individually evaluated for impairment 1,262,929 8,337,154 137,152 — — 9,737,235 Amounts related to loans acquired with deteriorated credit quality 3,221,699 18,094,935 4,249,880 — — 25,566,514 Ending balance $ 182,297,415 $ 396,023,034 $ 39,836,473 $ 61,816,380 $ 10,714,069 $ 690,687,371 Year Ended September 30, 2015 1-4 family real estate Commercial real estate Commercial Real estate construction Consumer and other Unallocated Total Allowance for loan losses: Beginning balance $ 980,265 $ 6,743,105 $ 426,438 $ 492,903 $ 44,538 $ 783,648 $ 9,470,897 Charge-offs (138,340 ) (351,841 ) (20,348 ) — (18,483 ) — (529,012 ) Recoveries 15,050 145,338 316,665 864 68,710 — 546,627 Provision (1) (148,304 ) 1,250,563 (249,413 ) 9,345 (78,543 ) (783,648 ) — Ending balance $ 708,671 $ 7,787,165 $ 473,342 $ 503,112 $ 16,222 $ — $ 9,488,512 Amounts allocated to: Individually evaluated for impairment $ — $ — $ — $ — $ — $ — $ — Other loans not individually evaluated 708,671 7,787,165 473,342 503,112 16,222 — 9,488,512 Ending balance $ 708,671 $ 7,787,165 $ 473,342 $ 503,112 $ 16,222 $ — $ 9,488,512 Loans: Amounts collectively evaluated for impairment $ 182,841,754 $ 385,614,400 $ 36,084,518 $ 77,217,378 $ 6,392,162 $ 688,150,212 Amounts individually evaluated for impairment 1,621,663 8,421,326 126,432 — — 10,169,421 Amounts related to loans acquired with deteriorated credit quality 3,580,214 22,539,882 1,233,449 — — 27,353,545 Ending balance $ 188,043,631 $ 416,575,608 $ 37,444,399 $ 77,217,378 $ 6,392,162 $ 725,673,178 ________________________________ (1) Prior to the early termination of the FDIC loss share agreements in the fourth quarter of fiscal 2015, only the Company’s loss share percentage of the provision for covered loan losses was recognized in the Statement of Income as a provision expense (benefit). The remainder was recorded as an increase (decrease) to the FDIC receivable for loss sharing agreements in the Statement of Financial Condition.

Income Per Share (Notes)

Income Per Share (Notes)	3 Months Ended
	Dec. 31, 2015
Earnings Per Share [Abstract]
Income Per Share	Income Per Share Basic net income per share for the three months ended December 31, 2015 and 2014 was computed by dividing net income to common shareholders by the weighted average number of shares of common stock outstanding, which consists of issued shares less unallocated employee stock ownership plan (“ESOP”) shares and unvested restricted shares. Diluted net income per share for the three months ended December 31, 2015 and 2014 was computed by dividing net income by weighted average shares outstanding plus potential common shares resulting from dilutive stock options and unvested restricted shares, determined using the treasury stock method. Three Months Ended 2015 2014 Numerator: Net income $ 4,614,278 $ 1,673,503 Denominator: Weighted average common shares outstanding 14,885,529 16,175,485 Common stock equivalents 659,687 534,058 Diluted shares 15,545,216 16,709,543 Net income per share: Basic $ 0.31 $ 0.10 Diluted $ 0.30 $ 0.10 For the three months ended December 31, 2015 and 2014 there were 405,679 and 219,864 , respectively, of dilutive stock options. Additionally, for the three months ended December 31, 2015 and 2014 , there were 254,008 and 314,194 shares, respectively, of dilutive unvested restricted stock. There were no shares which were subject to options issued with exercise prices in excess of the average market value per share during the periods ended December 31, 2015 and 2014 .

Other Real Estate Owned

Other Real Estate Owned	3 Months Ended
	Dec. 31, 2015
Other Real Estate [Abstract]
Other Real Estate Owned	Real Estate Owned The following is a summary of transactions in real estate owned: Three Months Ended December 31, 2015 Year Ended September 30, 2015 Balance, beginning of period $ 3,410,538 $ 7,315,791 Real estate acquired through foreclosure of loans receivable 124,979 3,237,134 Proceeds from real estate sold (555,531 ) (7,676,904 ) Provision for losses on real estate owned recognized in noninterest expense — (246,891 ) Gain on sale of real estate owned recognized in noninterest expense 184,719 397,392 Gain on real estate sold payable to the FDIC — 1,273,132 Increase of FDIC receivable for loss sharing agreements — (830,225 ) Principal reductions — (58,891 ) Balance, end of period $ 3,164,705 $ 3,410,538 Included in the tables above is approximately $918,000 of foreclosed residential real estate property at December 31, 2015 . Additionally, the Company had approximately $178,000 of consumer mortgage loans collateralized by residential real estate in the process of foreclosure at December 31, 2015 .

Employee Benefits

Employee Benefits	3 Months Ended
	Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Employee Benefits	Employee Benefits The Company has a 2002 stock option plan which allows for stock option awards of the Company’s common stock to eligible directors and key employees of the Company. The option price is determined by a committee of the board of directors at the time of the grant and may not be less than 100% of the market value of the common stock on the date of the grant. For options granted under the 2002 stock option plan, when granted, the options vest over periods of up to four or five years from grant date or upon death, disability, or qualified retirement. All options must be exercised within a 10 -year period from grant date. The Company may grant either incentive stock options, which qualify for special federal income tax treatment, or non-qualified stock options, which do not receive such tax treatment. The Company’s stockholders have authorized 882,876 shares for the plan, of which 81,241 have been issued or retired upon the exercise of the option granted under the plan, 646,972 are granted and outstanding and no shares are available to be granted at December 31, 2015 within this plan. All share and share amounts related to employee benefits have been updated to reflect the completion of the second-step conversion on April 8, 2013 at a conversion ratio of 1.2471 . As of December 31, 2015 , 539,468 shares have vested under this plan. During the three months ended December 31, 2015 , 72,955 options from this plan vested. In addition to the plan above, on December 19, 2013, the Company's stockholders approved the 2013 Equity Incentive Plan, which allows for stock option awards of the Company’s common stock to eligible directors and key employees of the Company. The option price is determined by a committee of the board of directors at the time of the grant and may not be less than 100% of the market value of the common stock on the date of the grant. When granted, the options vest from one year to five years from grant date or upon death or disability. All options must be exercised within a 10 -year period from the grant date. The Company may grant either incentive stock options, which qualify for special federal income tax treatment, or non-qualified stock options, which do not receive such tax treatment. The Company’s stockholders have authorized 1,428,943 shares for the plan, of which 1,004,680 were granted and outstanding as of December 31, 2015 , with the remaining 424,263 shares available to be granted at December 31, 2015 . During the three months ended December 31, 2015 , 33,000 options from this plan were granted and 194,335 options from this plan vested. As of December 31, 2015 , 388,670 shares have vested under this plan. The fair value of the 33,000 options granted during the three months ended December 31, 2015 , was estimated on the date of grant using the Black-Scholes-Merton model with the following assumptions: 33,000 Options Risk-free interest rate 1.18 - 1.40% Dividend yield 1.52 - 1.58% Expected life at date of grant (months) 96 months Volatility 13.13 - 13.70% Weighted average grant-date fair value $1.12 - 1.31 The following table summarizes activity for shares under option and weighted average exercise price per share: Shares Weighted average exercise price/share Weighted average remaining life (years) Options outstanding – September 30, 2015 1,618,652 $ 9.91 7 Options exercised — — — Options forfeited — — — Options granted 33,000 12.71 10 Options outstanding – December 31, 2015 1,651,652 $ 9.97 6 Options exercisable – December 31, 2015 928,138 $ 9.51 6 The stock price at December 31, 2015 was greater than the exercise prices on 1,651,652 options outstanding and therefore had an intrinsic value of $5,359,024 . The total intrinsic value of all 928,138 shares exercisable at December 31, 2015 was $3,438,618 . Stock option expense was $80,578 and $82,749 for the three months ended December 31, 2015 and 2014 , respectively. The following table summarizes information about the options outstanding at December 31, 2015 : Number of options outstanding at Remaining contractual life in years Exercise price per share 384,458 3 $ 8.82 174,594 5 $ 8.18 66,720 5 $ 7.22 16,212 6 $ 7.34 4,988 6 $ 7.79 971,680 8 $ 10.89 30,000 10 $ 12.66 3,000 10 $ 13.16 1,651,652 In addition to the above, the Company implemented the Charter Financial Corporation 2013 Equity Incentive Plan as described above, which has 571,577 shares authorized, and during the year ended September 30, 2014, the Company granted 360,092 shares of restricted stock to key employees and directors. During the three months ended December 31, 2015 , 72,015 shares vested. The remaining 211,485 shares are available to be granted at December 31, 2015 . Shares Weighted average grant date fair Unvested restricted stock awards - September 30, 2015 288,077 $ 10.89 Granted — — Vested 72,015 10.89 Canceled or expired — — Unvested restricted stock awards – December 31, 2015 216,062 $ 10.89 Grants between January 1, 2009 and December 1, 2013 will be expensed to the earlier of scheduled vesting or substantive vesting which is when the recipient becomes qualified for retirement at age 65 . Grants subsequent to December 1, 2013 will be expensed to the scheduled vesting.

Commitments and Contingent Liab

Commitments and Contingent Liabilities	3 Months Ended
	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingent Liabilities	Commitments and Contingent Liabilities In the normal course of business, the Company makes various commitments and incurs certain contingent liabilities, which are not reflected in the accompanying financial statements. The commitments and contingent liabilities include guarantees, commitments to extend credit, and standby letters of credit. At December 31, 2015 , commitments to extend credit and standby letters of credit totaled $141.3 million . The Company does not anticipate any material losses as a result of these transactions. In the normal course of business, the Company is party (both as plaintiff and defendant) to certain matters of litigation. In the opinion of management, none of these matters should have a material adverse effect on the Company’s financial position or results of operation.

Fair Value of Financial Instrum

Fair Value of Financial Instruments and Fair Value Measurement	3 Months Ended
	Dec. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments and Fair Value Measurement	Fair Value of Financial Instruments and Fair Value Measurement Accounting standards define fair value as the exchange price that would be received for an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Accounting standards also establish a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The applicable standard describes three levels of inputs that may be used to measure fair value: Level 1- Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date; Level 2- Significant other observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, and other inputs that are observable or can be corroborated by observable market data; Level 3- Significant unobservable inputs that reflect a company’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. The Company evaluates fair value measurement inputs on an ongoing basis in order to determine if there is a change of sufficient significance to warrant a transfer between levels. For example, changes in market activity or the addition of new unobservable inputs could, in the Company’s judgment, cause a transfer to either a higher or lower level. For the three months ended December 31, 2015 , there were no transfers between levels. All of the Company’s available for sale securities fall into Level 2 of the fair value hierarchy. These securities are priced via independent service providers. In obtaining such valuation information, the Company has evaluated the valuation methodologies used to develop the fair values. At December 31, 2015 , the Company holds, as part of its investment portfolio, available for sale securities reported at fair value consisting of collateralized loan obligations (“CLO”), mortgage-backed securities and collateralized mortgage obligations. The fair value of the majority of these securities is determined using widely accepted valuation techniques including matrix pricing and broker-quote based applications. Inputs include benchmark yields, reported trades, issuer spreads, prepayment speeds and other relevant items. These are inputs used by a third-party pricing service used by the Company. To validate the appropriateness of the valuations provided by the third party, the Company regularly updates its understanding of the inputs used and compares valuations to an additional third party source. The Company also holds assets available for sale reported at fair value and included in other assets on the Company's balance sheet, consisting of one former branch, a parcel of land adjacent to a current branch and a parcel of land initially acquired as a proposed branch site. These assets are included in other assets on the Company's condensed consolidated statements of financial condition. The fair value of these assets is determined using current appraisals adjusted at management’s discretion to reflect any decline in the fair value of the properties since the time the appraisal was performed. Appraisal values are reviewed and monitored internally and fair value is reassessed at least quarterly or more frequently when circumstances occur that indicate a change in fair value. All of the Company’s assets held for sale fall into level 3 of the fair value hierarchy. Assets and Liabilities Measured on a Recurring Basis: Assets and liabilities measured at fair value on a recurring basis are summarized below. December 31, 2015 Estimated Fair Value Quoted Prices in Active Markets Significant Other Observable Inputs Significant Unobservable Inputs Assets: Investment securities available for sale: Collateralized loan obligations $ 39,398,339 $ — $ 39,398,339 $ — Mortgage-backed securities: FHLMC certificates 33,834,094 — 33,834,094 — FNMA certificates 92,879,643 — 92,879,643 — GNMA certificates 1,547,101 — 1,547,101 — Private-label mortgage securities: Investment grade 975,280 — 975,280 — Split rating (1) 718,785 — 718,785 — Non-investment grade 6,634,987 — 6,634,987 — Total investment securities available for sale 175,988,229 — 175,988,229 — Assets held for sale 1,300,304 — — 1,300,304 Total recurring assets at fair value $ 177,288,533 $ — $ 175,988,229 $ 1,300,304 __________________________________ (1) Bonds with split ratings represent securities with both investment and non-investment grades. September 30, 2015 Estimated Fair Value Quoted Prices in Active Markets Significant Other Observable Inputs Significant Unobservable Inputs Assets: Investment securities available for sale: Collateralized loan obligations $ 39,496,117 $ — $ 39,496,117 $ — Mortgage–backed securities: FHLMC certificates 35,991,442 — 35,991,442 — FNMA certificates 98,218,049 — 98,218,049 — GNMA certificates 1,558,595 — 1,558,595 — Collateralized mortgage obligations: FHLMC 39,214 — 39,214 — FNMA 63,315 — 63,315 — Private-label mortgage securities: Investment grade 1,031,316 — 1,031,316 — Split rating (1) 875,416 — 875,416 — Non-investment grade 7,130,625 — 7,130,625 — Total investment securities available for sale 184,404,089 — 184,404,089 — Assets held for sale 1,657,084 — — 1,657,084 Total recurring assets at fair value $ 186,061,173 $ — $ 184,404,089 $ 1,657,084 __________________________________ (1) Bonds with split ratings represent securities with both investment and non-investment grades. When a determination is made to classify a financial instrument within Level 3 of the valuation hierarchy, the determination is based upon the significance of the unobservable factors to the overall fair value measurement. However, since Level 3 financial instruments typically include, in addition to the unobservable or Level 3 components, observable components (that is, components that are actively quoted and can be validated to external sources), the losses below include changes in fair value due in part to observable factors that are part of the valuation methodology. A reconciliation of the beginning and ending balances of Level 3 assets and liabilities recorded at fair value on a recurring basis is as follows: Three Months Ended December 31, 2015 Year Ended September 30, 2015 Fair value, beginning balance $ 1,657,084 $ 1,744,584 Sales (356,780 ) — Valuation loss recognized in noninterest expense — (87,500 ) Transfers in and/or out of Level 3 — — Fair value, ending balance $ 1,300,304 $ 1,657,084 Assets and Liabilities Measured on a Nonrecurring Basis: Assets and liabilities measured at fair value on a nonrecurring basis are summarized below. Fair value measurements using: Estimated Fair Value Quoted Prices in Active Markets Significant Other Observable Inputs Significant Unobservable Inputs December 31, 2015 Impaired loans 3,258,405 — — 3,258,405 Other real estate owned 3,164,705 — — 3,164,705 September 30, 2015 Impaired loans 3,357,250 — — 3,357,250 Other real estate owned 3,410,538 — — 3,410,538 Loans considered impaired are loans for which, based on current information and events, it is probable that the creditor will be unable to collect all amounts due according to the contractual terms of the loan agreement. Impaired loans are subject to nonrecurring fair value adjustments to reflect write-downs that are based on the market price or current appraised value of the collateral, adjusted to reflect local market conditions or other economic factors. After evaluating the underlying collateral, the fair value of the impaired loans is determined by allocating specific reserves from the allowance for loan and lease losses to the loans. Thus, the fair value reflects the loan balance as adjusted by partial chargedowns less the specifically allocated reserve. Certain collateral-dependent impaired loans are reported at the fair value of the underlying collateral. Impairment is measured based on the fair value of the collateral, which is typically derived from appraisals that take into consideration prices in observed transactions involving similar assets and similar locations. Each appraisal is updated on an annual basis, either through a new appraisal or through the Company’s comprehensive internal review process. Appraised values are reviewed and monitored internally and fair value is re-assessed at least quarterly or more frequently when circumstances occur that indicate a change in fair value. The fair value of impaired loans that are not collateral dependent is measured using a discounted cash flow analysis considered to be a Level 3 input. OREO is initially accounted for at fair value, less estimated costs to dispose of the property. Any excess of the recorded investment over fair value, less costs to dispose, is charged to the allowance for loan and lease losses at the time of foreclosure. A provision is charged to earnings for subsequent losses on OREO when market conditions indicate such losses have occurred. The ability of the Company to recover the carrying value of OREO is based upon future sales of the real estate. The ability to effect such sales is subject to market conditions and other factors beyond the Company's control, and future declines in the value of the real estate would result in a charge to earnings. The recognition of sales and gain on sales is dependent upon whether the nature and terms of the sales, including possible future involvement of the Company, if any, meet certain defined requirements. If those requirements are not met, sale and gain recognition is deferred. OREO represents real property taken by the Company either through foreclosure or through a deed in lieu thereof from the borrower. The fair value of OREO is based on property appraisals adjusted at management’s discretion to reflect a further decline in the fair value of properties since the time the appraisal analysis was performed. It has been the Company’s experience that appraisals may become outdated due to the volatile real-estate environment. Appraised values are reviewed and monitored internally and fair value is re-assessed at least quarterly or more frequently when circumstances occur that indicate a change in fair value. Therefore, the inputs used to determine the fair value of OREO and repossessed assets fall within Level 3. The Company may include within OREO other repossessed assets received as partial satisfaction of a loan. These assets are not material and do not typically have readily determinable market values and are considered Level 3 inputs. The following table provides information describing the valuation processes used to determine recurring and nonrecurring fair value measurements categorized within Level 3 of the fair value hierarchy at December 31, 2015 : Quantitative Information about Level 3 Fair Value Measurements Fair Value Valuation Technique Unobservable Input General Range (Discount) Weighted Average Discount Impaired Loans $ 3,258,405 Property appraisals Management discount for property type and recent market volatility 17% — 52% 35% OREO $ 3,164,705 Property appraisals Management discount for property type and recent market volatility 14% — 51% 32% Assets Held for Sale $ 1,300,304 Valuation analysis Management discount for property type and recent market volatility 0% — 44% 26% Accounting standards require disclosures of fair value information about financial instruments, whether or not recognized in the Statement of Condition, for which it is practicable to estimate that value. In cases where quoted market prices are not available, fair value is 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 instrument. The use of different market assumptions and/or estimation methodologies may have a material effect on the estimated fair value amounts. Also, the fair value estimates presented herein are based on pertinent information available to management as of December 31, 2015 and September 30, 2015 . The following methods and assumptions were used by the Company in estimating its fair value disclosures for financial instruments: CASH AND CASH EQUIVALENTS – The carrying amount approximates fair value because of the short maturity of these instruments. INVESTMENTS AVAILABLE FOR SALE AND FHLB STOCK – The fair value of investment and mortgage-backed securities and collateralized mortgage obligations available for sale is estimated based on bid quotations received from securities dealers. The FHLB stock is considered a restricted stock and is carried at cost which approximates its fair value. LOANS RECEIVABLE – Fair values are estimated for portfolios of loans with similar financial characteristics. Loans are segregated by type. The fair value of performing loans is calculated by discounting scheduled cash flows through the estimated maturity using estimated market discount rates that reflect the credit risk inherent in the loan. The estimate of maturity is based on the Company’s historical experience with repayments for each loan classification, modified, as required, by an estimate of the effect of the current economic and lending conditions. Fair value for significant nonperforming loans is based on recent external appraisals. If appraisals are not available, estimated cash flows are discounted using a rate commensurate with the risk associated with the estimated cash flows. Assumptions regarding credit risk, cash flows, and discount rates are determined using available market information and specific borrower information. In prior periods, the Company affected estimated fair value by a liquidation discount of 5.5% . Due to the continued stabilization of the whole loan market, this liquidation discount was discontinued during the year ended September 30, 2014. LOANS HELD FOR SALE – Loans held for sale are carried at the lower of cost or market value. The fair values of loans held for sale are based on commitments on hand from investors within the secondary market for loans with similar characteristics. ASSETS HELD FOR SALE – The fair value of assets held for sale by the Company is generally based on the most recent appraisals of the asset or other market information as it becomes available to management. DEPOSITS – The fair value of deposits with no stated maturity, such as noninterest-bearing demand deposits, savings, money market and checking accounts, is equal to the amount payable on demand. The fair value of time deposits is based on the discounted value of contractual cash flows. The discount rate is estimated using the rates currently offered for deposits of similar remaining maturities. BORROWINGS – The fair value of the Company’s FHLB advances is estimated based on the discounted value of contractual cash flows. The fair value of securities sold under agreements to repurchase approximates the carrying amount because of the short maturity of these borrowings. The discount rate is estimated using rates quoted for the same or similar issues or the current rates offered to the Company for debt of the same remaining maturities. ACCRUED INTEREST AND DIVIDENDS RECEIVABLE AND PAYABLE – The carrying amount of accrued interest and dividends receivable on loans and investments and payable on borrowings and deposits approximate their fair values. COMMITMENTS TO EXTEND CREDIT AND STANDBY LETTERS OF CREDIT – The value of these unrecognized financial instruments is estimated based on the fee income associated with the commitments which, in the absence of credit exposure, is considered to approximate their settlement value. Since no significant credit exposure existed, and because such fee income is not material to the Company's financial statements at December 31, 2015 and at September 30, 2015 , the fair value of these commitments is not presented. Many of the Company's assets and liabilities are short-term financial instruments whose carrying amounts reported in the Statement of Condition approximate fair value. These items include cash and due from banks, interest-bearing bank balances, federal funds sold, other short-term borrowings and accrued interest receivable and payable balances. The estimated fair value of the Company’s remaining on-balance sheet financial instruments as of December 31, 2015 and September 30, 2015 is summarized below: December 31, 2015 Estimated Fair Value Carrying Value Total Estimated Fair Value Quoted Prices in Active Markets Significant Other Observable Inputs Significant Unobservable Inputs Financial assets: Cash and cash equivalents $ 51,881,302 $ 51,881,302 $ 51,881,302 $ — $ — Investments available for sale 175,988,229 175,988,229 — 175,988,229 — FHLB stock 3,005,600 3,005,600 — 3,005,600 — Loans receivable, net 679,870,414 677,889,396 — — 677,889,396 Loans held for sale 2,285,847 2,330,930 — 2,330,930 — Assets held for sale 1,300,304 1,300,304 — — 1,300,304 Accrued interest and dividends receivable 2,495,117 2,495,117 — 490,113 2,005,004 Financial liabilities: Deposits $ 744,233,967 $ 744,956,126 $ — $ 744,956,126 $ — FHLB advances 50,000,000 52,708,818 — 52,708,818 — Accrued interest payable 226,644 226,644 — 226,644 — September 30, 2015 Estimated Fair Value Carrying Value Total Estimated Fair Value Quoted Prices in Active Markets Significant Other Observable Inputs Significant Unobservable Inputs Financial assets: Cash and cash equivalents $ 30,343,225 $ 30,343,225 $ 30,343,225 $ — $ — Investments available for sale 184,404,089 184,404,089 — 184,404,089 — FHLB stock 3,515,600 3,515,600 — 3,515,600 — Loans receivable, net 714,761,210 710,729,157 — — 710,729,157 Loans held for sale 1,406,902 1,444,042 — 1,444,042 — Assets held for sale 1,657,084 1,657,084 — — 1,657,084 Accrued interest and dividends receivable 2,668,406 2,668,406 — 517,509 2,150,897 Financial liabilities: Deposits $ 738,855,076 $ 739,513,754 $ — $ 739,513,754 $ — FHLB advances 62,000,000 65,418,947 — 65,418,947 — Accrued interest payable 221,476 221,476 — 221,476 —

Securities Available for Sale (

Securities Available for Sale (Tables)	3 Months Ended
	Dec. 31, 2015
Investments, Debt and Equity Securities [Abstract]
Available-for-sale Securities	Investment securities available for sale are summarized as follows: December 31, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Other investment securities: Collateralized loan obligations $ 39,669,031 $ 19,152 $ (289,844 ) $ 39,398,339 Mortgage-backed securities: FHLMC certificates 33,716,145 317,180 (199,231 ) 33,834,094 FNMA certificates 93,483,148 289,978 (893,483 ) 92,879,643 GNMA certificates 1,542,673 4,428 — 1,547,101 Private-label mortgage securities: (1) Investment grade 1,011,341 3,387 (39,448 ) 975,280 Split rating (2) 724,819 — (6,034 ) 718,785 Non-investment grade 6,528,052 193,094 (86,159 ) 6,634,987 Total $ 176,675,209 $ 827,219 $ (1,514,199 ) $ 175,988,229 ________________________________ (1) Credit ratings are current as of December 31, 2015 . (2) Bonds with split ratings represent securities with both investment and non-investment grades. September 30, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Other investment securities: Collateralized loan obligations $ 39,637,499 $ 59,751 $ (201,133 ) $ 39,496,117 Mortgage-backed securities: FHLMC certificates 35,533,446 485,501 (27,505 ) 35,991,442 FNMA certificates 97,676,102 787,507 (245,560 ) 98,218,049 GNMA certificates 1,553,500 5,095 — 1,558,595 Collateralized mortgage obligations: FHLMC 36,571 2,643 — 39,214 FNMA 61,929 1,386 — 63,315 Private-label mortgage securities: Investment grade 1,068,490 4,040 (41,214 ) 1,031,316 Split rating (1) 880,802 — (5,386 ) 875,416 Non-investment grade 7,040,469 179,372 (89,216 ) 7,130,625 Total $ 183,488,808 $ 1,525,295 $ (610,014 ) $ 184,404,089 ______________________________ (1) Bonds with split ratings represent securities with both investment and non-investment grades.
Investments Classified by Contractual Maturity Date	The amortized cost and estimated fair value of investment securities available for sale as of December 31, 2015 , by contractual maturity, are shown below. Expected maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Amortized Cost Estimated Fair Value Due within one year $ — $ — Due from one year to five years 4,456,059 4,415,985 Due after five years 35,212,972 34,982,354 Mortgage-backed securities 137,006,178 136,589,890 Total $ 176,675,209 $ 175,988,229
Securities Available for Sale in Continuous Unrealized Loss Position for Less Than 12 Months	Investment securities available for sale that had been in a continuous unrealized loss position for less than 12 months at December 31, 2015 and September 30, 2015 are as follows: December 31, 2015 Amortized Cost Gross Unrealized Losses Estimated Fair Value Other investment securities: Collateralized loan obligations $ 27,740,650 $ (289,844 ) $ 27,450,806 Mortgage-backed securities: FHLMC certificates 15,339,191 (199,231 ) 15,139,960 FNMA certificates 59,235,435 (573,328 ) 58,662,107 Total $ 102,315,276 $ (1,062,403 ) $ 101,252,873 September 30, 2015 Amortized Cost Gross Unrealized Losses Estimated Fair Value Other investment securities: Collateralized loan obligations $ 19,912,486 $ (201,133 ) $ 19,711,353 Mortgage-backed securities: FHLMC certificates 16,021,392 (27,505 ) 15,993,887 FNMA certificates 35,454,134 (116,303 ) 35,337,831 Total $ 71,388,012 $ (344,941 ) $ 71,043,071
Securities Available for Sale in Continuous Unrealized Loss Position for Greater Than 12 Months	Investment securities available for sale that had been in a continuous unrealized loss position for greater than 12 months at December 31, 2015 and September 30, 2015 are as follows: December 31, 2015 Amortized Cost Gross Unrealized Losses Estimated Fair Value Mortgage-backed securities: FNMA certificates $ 20,791,947 $ (320,155 ) $ 20,471,792 Collateralized mortgage obligations: Private-label mortgage securities 2,890,532 (131,641 ) 2,758,891 Total $ 23,682,479 $ (451,796 ) $ 23,230,683 September 30, 2015 Amortized Cost Gross Unrealized Losses Estimated Fair Value Mortgage-backed securities: FNMA certificates $ 21,182,347 $ (129,257 ) $ 21,053,090 Collateralized mortgage obligations: Private-label mortgage securities 3,250,506 (135,816 ) 3,114,690 Total $ 24,432,853 $ (265,073 ) $ 24,167,780
Non-Agency Collateralized Mortgage Obligations	The following table shows issuer-specific information, including current par value, book value, fair value, credit rating and unrealized gain (loss) for the Company's portfolio of non-agency collateralized mortgage obligations as of December 31, 2015 : Cusip Description Credit Rating (1) Cumulative Net Impairment Losses Recognized in Earnings Current Par Value Amortized Cost Market Value Unrealized Gain (Loss) Moody S&P Fitch (dollars in thousands) Investment Grade 36228FQF6 GSR 2003-4F 1A2 n/a AA+ BBB $ — $ 148 $ 148 $ 149 $ 1 55265KL80 MASTR 2003-8 4A1 n/a A+ A — 137 137 138 1 86359BVF5 SARM 2004-6 3A3 n/a A+ n/a — 727 726 688 (38 ) Total — 1,012 1,011 975 (36 ) Split Rating 17307GDL9 CMLTI 2004-HYB1 A31 Ba2 n/a BBB — 725 725 719 (6 ) Total — 725 725 719 (6 ) Non-Investment Grade 576433UQ7 MARM 2004-13 B1 NR CCC n/a 380 2,915 2,534 2,723 189 576433VN3 MARM 2004-15 4A1 B3 n/a B — 1,439 1,439 1,352 (87 ) 576433QD1 MARM 2004-7 5A1 Ba3 BB n/a — 2,554 2,555 2,560 5 Total 380 6,908 6,528 6,635 107 Grand Total $ 380 $ 8,645 $ 8,264 $ 8,329 $ 65 ______________________________ (1) Credit ratings are current as of December 31, 2015 .
Schedule of Accumulated Other Comprehensive Income (Loss)	Changes in accumulated other comprehensive income by component for the three months ended December 31, 2015 and 2014 are shown in the table below. All amounts are net of tax. The line item affected in the consolidated statements of income by the reclassified amounts is gain on investment securities available for sale. Unrealized Gain/Loss on Available-for-Sale Securities Three Months Ended December 31, 2015 2014 Beginning balance $ 604,086 $ (754,135 ) Other comprehensive income/loss before reclassifications (1,035,409 ) 731,681 Amounts reclassified from accumulated other comprehensive income/loss to gain on investment securities available for sale (22,083 ) (420 ) Net current-period other comprehensive income/loss (1,057,492 ) 731,261 Ending balance $ (453,406 ) $ (22,874 )

Loans Receivable (Tables)

Loans Receivable (Tables)	3 Months Ended
	Dec. 31, 2015
Loans Receivable	Loans outstanding, by class, are summarized in the following table: December 31, 2015 September 30, 2015 1-4 family residential real estate $ 182,297,415 $ 188,043,631 Commercial real estate 396,023,034 416,575,608 Commercial 39,836,473 37,444,399 Real estate construction 61,816,380 77,217,378 Consumer and other 10,714,069 6,392,162 Total loans, gross 690,687,371 725,673,178 Unamortized loan origination fees, net (1,121,570 ) (1,423,456 ) Allowance for loan losses (9,695,387 ) (9,488,512 ) Total loans, net $ 679,870,414 $ 714,761,210
Age Analysis of Past Due Loans	An aging analysis of past due loans, segregated by class of loans, at December 31, 2015 and September 30, 2015 was as follows: December 31, 2015 September 30, 2015 Current $ 685,012,523 $ 718,875,005 Accruing past due loans: 30-89 days past due 1-4 family residential real estate 1,028,481 692,019 Commercial real estate 2,037,207 1,748,329 Commercial 79,057 94,602 Real estate construction — — Consumer and other 17,622 44,951 Total 30-89 days past due 3,162,367 2,579,901 90 days or greater past due (1) 1-4 family residential real estate 31,958 32,217 Commercial real estate 17,542 72,273 Commercial — — Real estate construction — — Consumer and other — — Total 90 days or greater past due 49,500 104,490 Total accruing past due loans 3,211,867 2,684,391 Nonaccruing loans: (2) 1-4 family residential real estate 1,111,040 1,469,088 Commercial real estate 1,210,339 2,513,204 Commercial 137,152 126,432 Real estate construction — — Consumer and other 4,450 5,058 Nonaccruing loans 2,462,981 4,113,782 Total loans $ 690,687,371 $ 725,673,178 ________________________________ (1) Previously covered loans in the amount of $35,496 and $90,226 at December 31, 2015 and September 30, 2015 , respectively, are regarded as accruing loans and included in this section. These loans which are accounted for under ASC 310-30 are reported as accruing loans because of accretable discounts established at the time of acquisition. (2) Previously covered loans in the amount of $655,777 and $4.8 million at December 31, 2015 and September 30, 2015 , respectively, are regarded as accruing loans and excluded from the nonaccrual section due to the ongoing recognition of accretion income established at the time of acquisition.
Impaired Loans	Impaired loans for the periods ended December 31, 2015 and September 30, 2015 , segregated by class of loans are presented below. At December 31, 2015 and September 30, 2015 , there was no recorded allowance for loan losses on impaired loans. Three Months Ended Recorded Investment Unpaid Principal Balance Average Investment in Impaired Loans Interest Income Recognized 1-4 family residential real estate $ 1,262,929 $ 1,820,079 $ 1,277,937 $ 1,817 Commercial real estate 8,337,154 10,310,327 8,378,754 115,340 Commercial 137,152 252,880 144,734 — Real estate construction — — — — Total impaired loans $ 9,737,235 $ 12,383,286 $ 9,801,425 $ 117,157 The recorded investment in accruing troubled debt restructured loans (“TDR”) at December 31, 2015 totaled $7.3 million and is included in the impaired loan table above. Year Ended September 30, 2015 Recorded Investment Unpaid Principal Balance Average Investment in Impaired Loans Interest Income Recognized 1-4 family residential real estate $ 1,621,663 $ 2,166,477 $ 1,694,775 $ 14,472 Commercial real estate 8,421,326 10,406,885 8,611,964 346,819 Commercial 126,432 241,581 158,547 298 Real estate construction — — — — Total impaired loans $ 10,169,421 $ 12,814,943 $ 10,465,286 $ 361,589 The recorded investment in accruing troubled debt restructured loans at September 30, 2015 totaled $6.0 million and is included in the impaired loan table above.
Troubled Debt Restructurings	There were no new troubled debt restructurings in the three months ended December 31, 2015 and 2014 . At December 31, 2015 , restructured loans with a modified balance of $7.3 million were accruing and $317,280 were nonaccruing while restructured loans with a modified balance of $6.1 million were accruing and $1.7 million were nonaccruing at December 31, 2014 . As of December 31, 2015 , there was one loan in the amount of $108,861 that was restructured within the past twelve months and subsequently defaulted. There were no loans that defaulted within twelve months of their restructure at December 31, 2014 .
Accretable Discount on Acquired Loans	The following table documents changes in the accretable discount on acquired credit impaired loans during the three months ended December 31, 2015 and the year ended September 30, 2015 : Three Months Ended December 31, 2015 Year Ended September 30, 2015 Balance, beginning of period $ 3,391,288 $ 5,843,697 Loan accretion (1,149,075 ) (5,874,337 ) Transfer from nonaccretable difference — 3,421,928 Balance, end of period $ 2,242,213 $ 3,391,288
Schedule of Acquired Impaired Loans	The following table presents the outstanding balances and related carrying amounts for all purchase credit impaired loans at the periods ended December 31, 2015 and September 30, 2015 : December 31, 2015 September 30, 2015 Contractually required payments receivable $ 27,285,534 $ 31,522,816 Carrying amount 25,566,514 27,353,545
Risk Grades of Loan Portfolio	The following table presents the risk grades of the loan portfolio, segregated by class of loans: December 31, 2015 1-4 family residential real estate Commercial real estate Commercial Real estate construction Consumer and other Total Pass (1-4) $ 178,772,466 $ 360,783,972 $ 39,108,577 $ 61,816,380 $ 10,705,770 $ 651,187,165 Special Mention (5) 193,150 8,398,086 11,467 — — 8,602,703 Substandard (6) 3,331,799 26,840,976 716,429 — 8,299 30,897,503 Doubtful (7) — — — — — — Loss (8) — — — — — — Total loans $ 182,297,415 $ 396,023,034 $ 39,836,473 $ 61,816,380 $ 10,714,069 $ 690,687,371 September 30, 2015 1-4 family residential real estate Commercial real estate Commercial Real estate construction Consumer and other Total Pass (1-4) $ 182,991,645 $ 380,049,378 $ 36,697,618 $ 77,217,378 $ 6,363,643 $ 683,319,662 Special Mention (5) 704,509 4,461,662 12,406 — — 5,178,577 Substandard (6) 4,347,477 32,064,568 734,375 — 28,519 37,174,939 Doubtful (7) — — — — — — Loss (8) — — — — — — Total loans $ 188,043,631 $ 416,575,608 $ 37,444,399 $ 77,217,378 $ 6,392,162 $ 725,673,178
Allowance for Loan Losses	The following tables are a summary of transactions in the allowance for loan losses by portfolio segment for the three months ended December 31, 2015 and the fiscal year ended September 30, 2015 : Three Months Ended December 31, 2015 1-4 family real estate Commercial real estate Commercial Real estate construction Consumer and other Unallocated Total Allowance for loan losses: Beginning balance $ 708,671 $ 7,787,165 $ 473,342 $ 503,112 $ 16,222 $ — $ 9,488,512 Charge-offs (10,841 ) — (504 ) — (3,222 ) — (14,567 ) Recoveries 16,646 91,664 108,998 — 4,134 — 221,442 Provision (22,266 ) (675,850 ) (17,191 ) (41,689 ) 19,716 737,280 — Ending balance $ 692,210 $ 7,202,979 $ 564,645 $ 461,423 $ 36,850 $ 737,280 $ 9,695,387 Amounts allocated to: Individually evaluated for impairment $ — $ — $ — $ — $ — $ — $ — Other loans not individually evaluated 692,210 7,202,979 564,645 461,423 36,850 737,280 9,695,387 Ending balance $ 692,210 $ 7,202,979 $ 564,645 $ 461,423 $ 36,850 $ 737,280 $ 9,695,387 Loans: Amounts collectively evaluated for impairment $ 177,812,787 $ 369,590,945 $ 35,449,441 $ 61,816,380 $ 10,714,069 $ 655,383,622 Amounts individually evaluated for impairment 1,262,929 8,337,154 137,152 — — 9,737,235 Amounts related to loans acquired with deteriorated credit quality 3,221,699 18,094,935 4,249,880 — — 25,566,514 Ending balance $ 182,297,415 $ 396,023,034 $ 39,836,473 $ 61,816,380 $ 10,714,069 $ 690,687,371 Year Ended September 30, 2015 1-4 family real estate Commercial real estate Commercial Real estate construction Consumer and other Unallocated Total Allowance for loan losses: Beginning balance $ 980,265 $ 6,743,105 $ 426,438 $ 492,903 $ 44,538 $ 783,648 $ 9,470,897 Charge-offs (138,340 ) (351,841 ) (20,348 ) — (18,483 ) — (529,012 ) Recoveries 15,050 145,338 316,665 864 68,710 — 546,627 Provision (1) (148,304 ) 1,250,563 (249,413 ) 9,345 (78,543 ) (783,648 ) — Ending balance $ 708,671 $ 7,787,165 $ 473,342 $ 503,112 $ 16,222 $ — $ 9,488,512 Amounts allocated to: Individually evaluated for impairment $ — $ — $ — $ — $ — $ — $ — Other loans not individually evaluated 708,671 7,787,165 473,342 503,112 16,222 — 9,488,512 Ending balance $ 708,671 $ 7,787,165 $ 473,342 $ 503,112 $ 16,222 $ — $ 9,488,512 Loans: Amounts collectively evaluated for impairment $ 182,841,754 $ 385,614,400 $ 36,084,518 $ 77,217,378 $ 6,392,162 $ 688,150,212 Amounts individually evaluated for impairment 1,621,663 8,421,326 126,432 — — 10,169,421 Amounts related to loans acquired with deteriorated credit quality 3,580,214 22,539,882 1,233,449 — — 27,353,545 Ending balance $ 188,043,631 $ 416,575,608 $ 37,444,399 $ 77,217,378 $ 6,392,162 $ 725,673,178 ________________________________ (1) Prior to the early termination of the FDIC loss share agreements in the fourth quarter of fiscal 2015, only the Company’s loss share percentage of the provision for covered loan losses was recognized in the Statement of Income as a provision expense (benefit). The remainder was recorded as an increase (decrease) to the FDIC receivable for loss sharing agreements in the Statement of Financial Condition.

Income Per Share (Tables)

Income Per Share (Tables)	3 Months Ended
	Dec. 31, 2015
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	Three Months Ended 2015 2014 Numerator: Net income $ 4,614,278 $ 1,673,503 Denominator: Weighted average common shares outstanding 14,885,529 16,175,485 Common stock equivalents 659,687 534,058 Diluted shares 15,545,216 16,709,543 Net income per share: Basic $ 0.31 $ 0.10 Diluted $ 0.30 $ 0.10

Other Real Estate Owned (Tables

Other Real Estate Owned (Tables)	3 Months Ended
	Dec. 31, 2015
Other Real Estate [Abstract]
Other Real Estate Owned	The following is a summary of transactions in real estate owned: Three Months Ended December 31, 2015 Year Ended September 30, 2015 Balance, beginning of period $ 3,410,538 $ 7,315,791 Real estate acquired through foreclosure of loans receivable 124,979 3,237,134 Proceeds from real estate sold (555,531 ) (7,676,904 ) Provision for losses on real estate owned recognized in noninterest expense — (246,891 ) Gain on sale of real estate owned recognized in noninterest expense 184,719 397,392 Gain on real estate sold payable to the FDIC — 1,273,132 Increase of FDIC receivable for loss sharing agreements — (830,225 ) Principal reductions — (58,891 ) Balance, end of period $ 3,164,705 $ 3,410,538

Employee Benefits (Tables)

Employee Benefits (Tables)	3 Months Ended
	Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Options, Valuation Assumptions	The fair value of the 33,000 options granted during the three months ended December 31, 2015 , was estimated on the date of grant using the Black-Scholes-Merton model with the following assumptions: 33,000 Options Risk-free interest rate 1.18 - 1.40% Dividend yield 1.52 - 1.58% Expected life at date of grant (months) 96 months Volatility 13.13 - 13.70% Weighted average grant-date fair value $1.12 - 1.31
Stock Option Activity	The following table summarizes activity for shares under option and weighted average exercise price per share: Shares Weighted average exercise price/share Weighted average remaining life (years) Options outstanding – September 30, 2015 1,618,652 $ 9.91 7 Options exercised — — — Options forfeited — — — Options granted 33,000 12.71 10 Options outstanding – December 31, 2015 1,651,652 $ 9.97 6 Options exercisable – December 31, 2015 928,138 $ 9.51 6
Stock Options Outstanding	The following table summarizes information about the options outstanding at December 31, 2015 : Number of options outstanding at Remaining contractual life in years Exercise price per share 384,458 3 $ 8.82 174,594 5 $ 8.18 66,720 5 $ 7.22 16,212 6 $ 7.34 4,988 6 $ 7.79 971,680 8 $ 10.89 30,000 10 $ 12.66 3,000 10 $ 13.16 1,651,652
Restricted Stock Award	Shares Weighted average grant date fair Unvested restricted stock awards - September 30, 2015 288,077 $ 10.89 Granted — — Vested 72,015 10.89 Canceled or expired — — Unvested restricted stock awards – December 31, 2015 216,062 $ 10.89

Fair Value of Financial Instr25

Fair Value of Financial Instruments and Fair Value Measurement (Tables)	3 Months Ended
	Dec. 31, 2015
Fair Value Disclosures [Abstract]
Assets and Liabilities Measured on Recurring Basis	Assets and liabilities measured at fair value on a recurring basis are summarized below. December 31, 2015 Estimated Fair Value Quoted Prices in Active Markets Significant Other Observable Inputs Significant Unobservable Inputs Assets: Investment securities available for sale: Collateralized loan obligations $ 39,398,339 $ — $ 39,398,339 $ — Mortgage-backed securities: FHLMC certificates 33,834,094 — 33,834,094 — FNMA certificates 92,879,643 — 92,879,643 — GNMA certificates 1,547,101 — 1,547,101 — Private-label mortgage securities: Investment grade 975,280 — 975,280 — Split rating (1) 718,785 — 718,785 — Non-investment grade 6,634,987 — 6,634,987 — Total investment securities available for sale 175,988,229 — 175,988,229 — Assets held for sale 1,300,304 — — 1,300,304 Total recurring assets at fair value $ 177,288,533 $ — $ 175,988,229 $ 1,300,304 __________________________________ (1) Bonds with split ratings represent securities with both investment and non-investment grades. September 30, 2015 Estimated Fair Value Quoted Prices in Active Markets Significant Other Observable Inputs Significant Unobservable Inputs Assets: Investment securities available for sale: Collateralized loan obligations $ 39,496,117 $ — $ 39,496,117 $ — Mortgage–backed securities: FHLMC certificates 35,991,442 — 35,991,442 — FNMA certificates 98,218,049 — 98,218,049 — GNMA certificates 1,558,595 — 1,558,595 — Collateralized mortgage obligations: FHLMC 39,214 — 39,214 — FNMA 63,315 — 63,315 — Private-label mortgage securities: Investment grade 1,031,316 — 1,031,316 — Split rating (1) 875,416 — 875,416 — Non-investment grade 7,130,625 — 7,130,625 — Total investment securities available for sale 184,404,089 — 184,404,089 — Assets held for sale 1,657,084 — — 1,657,084 Total recurring assets at fair value $ 186,061,173 $ — $ 184,404,089 $ 1,657,084 __________________________________ (1) Bonds with split ratings represent securities with both investment and non-investment grades.
Assets Measured on Recurring Basis, Unobservable Input Reconciliation	A reconciliation of the beginning and ending balances of Level 3 assets and liabilities recorded at fair value on a recurring basis is as follows: Three Months Ended December 31, 2015 Year Ended September 30, 2015 Fair value, beginning balance $ 1,657,084 $ 1,744,584 Sales (356,780 ) — Valuation loss recognized in noninterest expense — (87,500 ) Transfers in and/or out of Level 3 — — Fair value, ending balance $ 1,300,304 $ 1,657,084
Assets and Liabilities Measured on Nonrecurring Basis	Assets and liabilities measured at fair value on a nonrecurring basis are summarized below. Fair value measurements using: Estimated Fair Value Quoted Prices in Active Markets Significant Other Observable Inputs Significant Unobservable Inputs December 31, 2015 Impaired loans 3,258,405 — — 3,258,405 Other real estate owned 3,164,705 — — 3,164,705 September 30, 2015 Impaired loans 3,357,250 — — 3,357,250 Other real estate owned 3,410,538 — — 3,410,538
Quantitative Information about Level 3 Fair Value Measurements	The following table provides information describing the valuation processes used to determine recurring and nonrecurring fair value measurements categorized within Level 3 of the fair value hierarchy at December 31, 2015 : Quantitative Information about Level 3 Fair Value Measurements Fair Value Valuation Technique Unobservable Input General Range (Discount) Weighted Average Discount Impaired Loans $ 3,258,405 Property appraisals Management discount for property type and recent market volatility 17% — 52% 35% OREO $ 3,164,705 Property appraisals Management discount for property type and recent market volatility 14% — 51% 32% Assets Held for Sale $ 1,300,304 Valuation analysis Management discount for property type and recent market volatility 0% — 44% 26%
Estimated Fair Value of On-Balance Sheet Financial Instruments	The estimated fair value of the Company’s remaining on-balance sheet financial instruments as of December 31, 2015 and September 30, 2015 is summarized below: December 31, 2015 Estimated Fair Value Carrying Value Total Estimated Fair Value Quoted Prices in Active Markets Significant Other Observable Inputs Significant Unobservable Inputs Financial assets: Cash and cash equivalents $ 51,881,302 $ 51,881,302 $ 51,881,302 $ — $ — Investments available for sale 175,988,229 175,988,229 — 175,988,229 — FHLB stock 3,005,600 3,005,600 — 3,005,600 — Loans receivable, net 679,870,414 677,889,396 — — 677,889,396 Loans held for sale 2,285,847 2,330,930 — 2,330,930 — Assets held for sale 1,300,304 1,300,304 — — 1,300,304 Accrued interest and dividends receivable 2,495,117 2,495,117 — 490,113 2,005,004 Financial liabilities: Deposits $ 744,233,967 $ 744,956,126 $ — $ 744,956,126 $ — FHLB advances 50,000,000 52,708,818 — 52,708,818 — Accrued interest payable 226,644 226,644 — 226,644 — September 30, 2015 Estimated Fair Value Carrying Value Total Estimated Fair Value Quoted Prices in Active Markets Significant Other Observable Inputs Significant Unobservable Inputs Financial assets: Cash and cash equivalents $ 30,343,225 $ 30,343,225 $ 30,343,225 $ — $ — Investments available for sale 184,404,089 184,404,089 — 184,404,089 — FHLB stock 3,515,600 3,515,600 — 3,515,600 — Loans receivable, net 714,761,210 710,729,157 — — 710,729,157 Loans held for sale 1,406,902 1,444,042 — 1,444,042 — Assets held for sale 1,657,084 1,657,084 — — 1,657,084 Accrued interest and dividends receivable 2,668,406 2,668,406 — 517,509 2,150,897 Financial liabilities: Deposits $ 738,855,076 $ 739,513,754 $ — $ 739,513,754 $ — FHLB advances 62,000,000 65,418,947 — 65,418,947 — Accrued interest payable 221,476 221,476 — 221,476 —

Nature of Operations (Details)

Nature of Operations (Details) $ in Millions	Apr. 08, 2013USD ($)shares	Dec. 31, 2015branch
Number of branch offices | branch		14
Charter Financial
Stock issued during period, shares, new issues (in shares) | shares	14,289,429
Proceeds from public offering, gross | $	$ 142.9
Equity method investment, ownership percentage	100.00%
Public
Equity method investment, ownership percentage	100.00%

Securities Available for Sale -

Securities Available for Sale - Additional Information (Details) - USD ($)	3 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Sep. 30, 2015
Schedule of Available-for-sale Securities [Line Items]
Proceeds from maturities, prepayments and calls of available-for-sale securities	$ 0	$ 3,679,050
Proceeds from sales of investment securities available for sale	1,231,330	6,439,319
Available-for-sale securities, gross realized gains	36,224	2,507
Available-for-sale securities, gross realized losses	259	1,823
Eligible available-for-sale securities, unpledged	93,700,000		$ 103,000,000
Available-for-sale securities pledged as collateral	0		0
Gross unrealized losses	1,514,199		$ 610,014
Amortized cost	176,675,209
Other than temporary impairment, cumulative credit losses recognized in earnings	380,446
Other than temporary impairment, credit losses recognized in earnings, additions	0	$ 0
Collateralized mortgage obligations: private-label mortgage securities
Schedule of Available-for-sale Securities [Line Items]
Gross unrealized losses	132,000
Amortized cost	$ 2,900,000

Securities Available for Sale28

Securities Available for Sale - Summary of Available for Sale Securities (Details) - USD ($)	Dec. 31, 2015	Sep. 30, 2015
Schedule of Available-for-sale Securities [Line Items]
Amortized cost	$ 176,675,209	$ 183,488,808
Gross unrealized gains	827,219	1,525,295
Gross unrealized losses	(1,514,199)	(610,014)
Estimated fair value	175,988,229	184,404,089
Other investment securities: collateralized loan obligations
Schedule of Available-for-sale Securities [Line Items]
Amortized cost	39,669,031	39,637,499
Gross unrealized gains	19,152	59,751
Gross unrealized losses	(289,844)	(201,133)
Estimated fair value	39,398,339	39,496,117
Mortgage-backed securities: FHLMC certificates
Schedule of Available-for-sale Securities [Line Items]
Amortized cost	33,716,145	35,533,446
Gross unrealized gains	317,180	485,501
Gross unrealized losses	(199,231)	(27,505)
Estimated fair value	33,834,094	35,991,442
Mortgage-backed securities: FNMA certificates
Schedule of Available-for-sale Securities [Line Items]
Amortized cost	93,483,148	97,676,102
Gross unrealized gains	289,978	787,507
Gross unrealized losses	(893,483)	(245,560)
Estimated fair value	92,879,643	98,218,049
Mortgage-backed securities: GNMA certificates
Schedule of Available-for-sale Securities [Line Items]
Amortized cost	1,542,673	1,553,500
Gross unrealized gains	4,428	5,095
Gross unrealized losses	0	0
Estimated fair value	1,547,101	1,558,595
Collateralized mortgage obligations: FHLMC
Schedule of Available-for-sale Securities [Line Items]
Amortized cost		36,571
Gross unrealized gains		2,643
Gross unrealized losses		0
Estimated fair value		39,214
Collateralized mortgage obligations: FNMA
Schedule of Available-for-sale Securities [Line Items]
Amortized cost		61,929
Gross unrealized gains		1,386
Gross unrealized losses		0
Estimated fair value		63,315
Private-label mortgage securities: investment grade
Schedule of Available-for-sale Securities [Line Items]
Amortized cost	1,011,341	1,068,490
Gross unrealized gains	3,387	4,040
Gross unrealized losses	(39,448)	(41,214)
Estimated fair value	975,280	1,031,316
Private-label mortgage securities: split rating
Schedule of Available-for-sale Securities [Line Items]
Amortized cost	724,819	880,802
Gross unrealized gains	0	0
Gross unrealized losses	(6,034)	(5,386)
Estimated fair value	718,785	875,416
Private-label mortgage securities: non-investment grade
Schedule of Available-for-sale Securities [Line Items]
Amortized cost	6,528,052	7,040,469
Gross unrealized gains	193,094	179,372
Gross unrealized losses	(86,159)	(89,216)
Estimated fair value	$ 6,634,987	$ 7,130,625

Securities Available for Sale29

Securities Available for Sale - Amortized Cost and Estimated Fair Value of Investment Securities Available for Sale (Details)	Dec. 31, 2015USD ($)
Investments, Debt and Equity Securities [Abstract]
Amortized cost - Due within one year	$ 0
Amortized cost - Due from one year to five years	4,456,059
Amortized cost - Due after five years	35,212,972
Amortized cost - Mortgage-backed securities	137,006,178
Amortized cost - Investment securities available for sale	176,675,209
Estimated fair value - Due within one year	0
Estimated fair value - Due from one year to five years	4,415,985
Estimated fair value - Due after five years	34,982,354
Estimated fair value - Mortgage-backed securities	136,589,890
Estimated fair value - Investment securities available for sale	$ 175,988,229

Securities Available for Sale30

Securities Available for Sale - Securities Available for Sale in Continuous Unrealized Loss Position for Less Than 12 Months (Details) - USD ($)	Dec. 31, 2015	Sep. 30, 2015
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Amortized cost	$ 102,315,276	$ 71,388,012
Gross unrealized losses	(1,062,403)	(344,941)
Estimated fair value	101,252,873	71,043,071
Other investment securities: collateralized loan obligations
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Amortized cost	27,740,650	19,912,486
Gross unrealized losses	(289,844)	(201,133)
Estimated fair value	27,450,806	19,711,353
Mortgage-backed securities: FHLMC certificates
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Amortized cost	15,339,191	16,021,392
Gross unrealized losses	(199,231)	(27,505)
Estimated fair value	15,139,960	15,993,887
Mortgage-backed securities: FNMA certificates
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Amortized cost	59,235,435	35,454,134
Gross unrealized losses	(573,328)	(116,303)
Estimated fair value	$ 58,662,107	$ 35,337,831

Securities Available for Sale31

Securities Available for Sale - Securities Available for Sale in Continuous Unrealized Loss Position for Greater Than 12 Months (Details) - USD ($)	Dec. 31, 2015	Sep. 30, 2015
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Amortized cost	$ 23,682,479	$ 24,432,853
Gross unrealized losses	(451,796)	(265,073)
Estimated fair value	23,230,683	24,167,780
Mortgage-backed securities: FNMA certificates
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Amortized cost	20,791,947	21,182,347
Gross unrealized losses	(320,155)	(129,257)
Estimated fair value	20,471,792	21,053,090
Collateralized mortgage obligations: private-label mortgage securities
Available for Sale Securities Continuous Unrealized Loss Position [Line Items]
Amortized cost	2,890,532	3,250,506
Gross unrealized losses	(131,641)	(135,816)
Estimated fair value	$ 2,758,891	$ 3,114,690

Securities Available for Sale32

Securities Available for Sale - Non-Agency Collateralized Mortgage Obligations (Details) - USD ($)	3 Months Ended
	Dec. 31, 2015	Sep. 30, 2015
Financing Receivable, Recorded Investment [Line Items]
Amortized cost	$ 176,675,209
Market value	175,988,229	$ 184,404,089
Collateralized Mortgage Obligations
Financing Receivable, Recorded Investment [Line Items]
Cumulative net impairment losses recognized in earnings	380,000
Current par value	8,645,000
Amortized cost	8,264,000
Market value	8,329,000
Unrealized gain (loss)	65,000
Investment Grade | Collateralized Mortgage Obligations
Financing Receivable, Recorded Investment [Line Items]
Cumulative net impairment losses recognized in earnings	0
Current par value	1,012,000
Amortized cost	1,011,000
Market value	975,000
Unrealized gain (loss)	(36,000)
Investment Grade | Collateralized Mortgage Obligations | GSR 2003-4F 1A2
Financing Receivable, Recorded Investment [Line Items]
Cumulative net impairment losses recognized in earnings	0
Current par value	148,000
Amortized cost	148,000
Market value	149,000
Unrealized gain (loss)	1,000
Investment Grade | Collateralized Mortgage Obligations | MASTR 2003-8 4A1
Financing Receivable, Recorded Investment [Line Items]
Cumulative net impairment losses recognized in earnings	0
Current par value	137,000
Amortized cost	137,000
Market value	138,000
Unrealized gain (loss)	1,000
Investment Grade | Collateralized Mortgage Obligations | SARM 2004-6 3A3
Financing Receivable, Recorded Investment [Line Items]
Cumulative net impairment losses recognized in earnings	0
Current par value	727,000
Amortized cost	726,000
Market value	688,000
Unrealized gain (loss)	(38,000)
Split Rating | Collateralized Mortgage Obligations
Financing Receivable, Recorded Investment [Line Items]
Cumulative net impairment losses recognized in earnings	0
Current par value	725,000
Amortized cost	725,000
Market value	719,000
Unrealized gain (loss)	(6,000)
Split Rating | Collateralized Mortgage Obligations | CMLTI 2004-HYB1 A31
Financing Receivable, Recorded Investment [Line Items]
Cumulative net impairment losses recognized in earnings	0
Current par value	725,000
Amortized cost	725,000
Market value	719,000
Unrealized gain (loss)	(6,000)
Non-Investment Grade | Collateralized Mortgage Obligations
Financing Receivable, Recorded Investment [Line Items]
Cumulative net impairment losses recognized in earnings	380,000
Current par value	6,908,000
Amortized cost	6,528,000
Market value	6,635,000
Unrealized gain (loss)	107,000
Non-Investment Grade | Collateralized Mortgage Obligations | MARM 2004-13 B1
Financing Receivable, Recorded Investment [Line Items]
Cumulative net impairment losses recognized in earnings	380,000
Current par value	2,915,000
Amortized cost	2,534,000
Market value	2,723,000
Unrealized gain (loss)	189,000
Non-Investment Grade | Collateralized Mortgage Obligations | MARM 2004-15 4A1
Financing Receivable, Recorded Investment [Line Items]
Cumulative net impairment losses recognized in earnings	0
Current par value	1,439,000
Amortized cost	1,439,000
Market value	1,352,000
Unrealized gain (loss)	(87,000)
Non-Investment Grade | Collateralized Mortgage Obligations | MARM 2004-7 5A1
Financing Receivable, Recorded Investment [Line Items]
Cumulative net impairment losses recognized in earnings	0
Current par value	2,554,000
Amortized cost	2,555,000
Market value	2,560,000
Unrealized gain (loss)	$ 5,000
Fitch, A Rating | Investment Grade | Collateralized Mortgage Obligations | MASTR 2003-8 4A1
Financing Receivable, Recorded Investment [Line Items]
Credit rating	A
Fitch, BBB Rating | Investment Grade | Collateralized Mortgage Obligations | GSR 2003-4F 1A2
Financing Receivable, Recorded Investment [Line Items]
Credit rating	BBB
Fitch, BBB Rating | Split Rating | Collateralized Mortgage Obligations | CMLTI 2004-HYB1 A31
Financing Receivable, Recorded Investment [Line Items]
Credit rating	BBB
Fitch, B Rating | Non-Investment Grade | Collateralized Mortgage Obligations | MARM 2004-15 4A1
Financing Receivable, Recorded Investment [Line Items]
Credit rating	B
Fitch, n/a Rating | Investment Grade | Collateralized Mortgage Obligations | SARM 2004-6 3A3
Financing Receivable, Recorded Investment [Line Items]
Credit rating	n/a
Fitch, n/a Rating | Non-Investment Grade | Collateralized Mortgage Obligations | MARM 2004-13 B1
Financing Receivable, Recorded Investment [Line Items]
Credit rating	n/a
Fitch, n/a Rating | Non-Investment Grade | Collateralized Mortgage Obligations | MARM 2004-7 5A1
Financing Receivable, Recorded Investment [Line Items]
Credit rating	n/a
Standard & Poor's, AA Plus Rating | Investment Grade | Collateralized Mortgage Obligations | GSR 2003-4F 1A2
Financing Receivable, Recorded Investment [Line Items]
Credit rating	AA+
Standard & Poor's, A Plus Rating | Investment Grade | Collateralized Mortgage Obligations | MASTR 2003-8 4A1
Financing Receivable, Recorded Investment [Line Items]
Credit rating	A+
Standard & Poor's, A Plus Rating | Investment Grade | Collateralized Mortgage Obligations | SARM 2004-6 3A3
Financing Receivable, Recorded Investment [Line Items]
Credit rating	A+
Standard & Poor's, BB Rating | Non-Investment Grade | Collateralized Mortgage Obligations | MARM 2004-7 5A1
Financing Receivable, Recorded Investment [Line Items]
Credit rating	BB
Standard & Poor's, CCC Rating | Non-Investment Grade | Collateralized Mortgage Obligations | MARM 2004-13 B1
Financing Receivable, Recorded Investment [Line Items]
Credit rating	CCC
Standard & Poor's, n/a Rating | Split Rating | Collateralized Mortgage Obligations | CMLTI 2004-HYB1 A31
Financing Receivable, Recorded Investment [Line Items]
Credit rating	n/a
Standard & Poor's, n/a Rating | Non-Investment Grade | Collateralized Mortgage Obligations | MARM 2004-15 4A1
Financing Receivable, Recorded Investment [Line Items]
Credit rating	n/a
Moody's, Ba2 Rating | Split Rating | Collateralized Mortgage Obligations | CMLTI 2004-HYB1 A31
Financing Receivable, Recorded Investment [Line Items]
Credit rating	Ba2
Moody's, Ba3 Rating | Non-Investment Grade | Collateralized Mortgage Obligations | MARM 2004-7 5A1
Financing Receivable, Recorded Investment [Line Items]
Credit rating	Ba3
Moody's, B3 Rating | Non-Investment Grade | Collateralized Mortgage Obligations | MARM 2004-15 4A1
Financing Receivable, Recorded Investment [Line Items]
Credit rating	B3
Moody's, n/a Rating | Investment Grade | Collateralized Mortgage Obligations | GSR 2003-4F 1A2
Financing Receivable, Recorded Investment [Line Items]
Credit rating	n/a
Moody's, n/a Rating | Investment Grade | Collateralized Mortgage Obligations | MASTR 2003-8 4A1
Financing Receivable, Recorded Investment [Line Items]
Credit rating	n/a
Moody's, n/a Rating | Investment Grade | Collateralized Mortgage Obligations | SARM 2004-6 3A3
Financing Receivable, Recorded Investment [Line Items]
Credit rating	n/a
Moody's, NR | Non-Investment Grade | Collateralized Mortgage Obligations | MARM 2004-13 B1
Financing Receivable, Recorded Investment [Line Items]
Credit rating	NR

Securities Available for Sale33

Securities Available for Sale - Changes in Accumulated Other Comprehensive Income by Component (Details) - USD ($)	3 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Unrealized Gains/(Losses) on Available-for-Sale Securities [Roll Forward]
Beginning balance	$ 604,086	$ (754,135)
Other comprehensive income/loss before reclassifications	(1,035,409)	731,681
Amounts reclassified from accumulated other comprehensive income/loss to gain on investment securities available for sale	(22,083)	(420)
Net current-period other comprehensive income/loss	(1,057,492)	731,261
Ending balance	$ (453,406)	$ (22,874)

Loans Receivable - Additional I

Loans Receivable - Additional Information (Details)	3 Months Ended
	Dec. 31, 2015USD ($)loancategory	Dec. 31, 2014USD ($)	Sep. 30, 2015USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
HELOC and 2nd mortgage	$ 17,700,000
TDR minimum performance period that causes loans to return to accrual status	6 months
Troubled debt restructurings, number added in period | loan	0
Loan modifications, subsequent default, number of loans	1	0
Loan modification, subsequent default, amount	$ 108,861
Loss history period for estimate allowances	7 years
Number of loan loss allowance categories | category	4
Minimum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Debt service coverage ratio	1.15
Unallocated allowance for loan loss percent	4.00%
Maximum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unallocated allowance for loan loss percent	12.00%
Maximum | Home Equity Line of Credit
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loan to value percentage	80.00%
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of loans secured by owner-occupied properties	23.80%
Commercial | Maximum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and leases receivable, term	5 years
Nonaccrual loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Troubled debt restructurings, amount	$ 317,280	$ 1,673,375
Accruing loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Troubled debt restructurings, amount	$ 7,264,699	$ 6,093,699	$ 6,046,433

Loans Receivable - Summary of L

Loans Receivable - Summary of Loans Receivable (Details) - USD ($)	Dec. 31, 2015	Sep. 30, 2015	Sep. 30, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans, gross	$ 690,687,371	$ 725,673,178
Unamortized loan origination fees, net	(1,121,570)	(1,423,456)
Allowance for loan losses	(9,695,387)	(9,488,512)	$ (9,470,897)
Loans receivable, net	679,870,414	714,761,210
1-4 family residential real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans, gross	182,297,415	188,043,631
Allowance for loan losses	(692,210)	(708,671)	(980,265)
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans, gross	396,023,034	416,575,608
Allowance for loan losses	(7,202,979)	(7,787,165)	(6,743,105)
Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans, gross	39,836,473	37,444,399
Allowance for loan losses	(564,645)	(473,342)	(426,438)
Real estate construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans, gross	61,816,380	77,217,378
Allowance for loan losses	(461,423)	(503,112)	(492,903)
Consumer and other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans, gross	10,714,069	6,392,162
Allowance for loan losses	$ (36,850)	$ (16,222)	$ (44,538)

Loans Receivable - Nonaccrual a

Loans Receivable - Nonaccrual and Past Due Loans (Details) - USD ($)	Dec. 31, 2015	Sep. 30, 2015
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	$ 685,012,523	$ 718,875,005
30-89 days past due	3,162,367	2,579,901
90 days or greater past due	49,500	104,490
Total accruing past due loans	3,211,867	2,684,391
Nonaccruing loans	2,462,981	4,113,782
Loans receivable, gross	690,687,371	725,673,178
1-4 family residential real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-89 days past due	1,028,481	692,019
90 days or greater past due	31,958	32,217
Nonaccruing loans	1,111,040	1,469,088
Loans receivable, gross	182,297,415	188,043,631
Commercial real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-89 days past due	2,037,207	1,748,329
90 days or greater past due	17,542	72,273
Nonaccruing loans	1,210,339	2,513,204
Loans receivable, gross	396,023,034	416,575,608
Commercial
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-89 days past due	79,057	94,602
90 days or greater past due	0	0
Nonaccruing loans	137,152	126,432
Loans receivable, gross	39,836,473	37,444,399
Real estate construction
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-89 days past due	0	0
90 days or greater past due	0	0
Nonaccruing loans	0	0
Loans receivable, gross	61,816,380	77,217,378
Consumer and other
Financing Receivable, Recorded Investment, Past Due [Line Items]
30-89 days past due	17,622	44,951
90 days or greater past due	0	0
Nonaccruing loans	4,450	5,058
Loans receivable, gross	10,714,069	6,392,162
Previously covered
Financing Receivable, Recorded Investment, Past Due [Line Items]
90 days or greater past due	35,496	90,226
Nonaccruing loans	$ 700,000	$ 4,800,000

Loans Receivable - Impaired Loa

Loans Receivable - Impaired Loans (Details) - USD ($)	3 Months Ended	12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Dec. 31, 2014
Financing Receivable, Impaired [Line Items]
Recorded Investment	$ 9,737,235	$ 10,169,421
Unpaid Principal Balance	12,383,286	12,814,943
Average Investment in Impaired Loans	9,801,425	10,465,286
Interest Income Recognized	117,157	361,589
Impaired loans, related allowance	0
Loans receivable
Unamortized loan origination fees, net (non-covered loans)	(1,121,570)	(1,423,456)
Loans receivable, net	679,870,414	714,761,210
1-4 family residential real estate
Financing Receivable, Impaired [Line Items]
Recorded Investment	1,262,929	1,621,663
Unpaid Principal Balance	1,820,079	2,166,477
Average Investment in Impaired Loans	1,277,937	1,694,775
Interest Income Recognized	1,817	14,472
Commercial real estate
Financing Receivable, Impaired [Line Items]
Recorded Investment	8,337,154	8,421,326
Unpaid Principal Balance	10,310,327	10,406,885
Average Investment in Impaired Loans	8,378,754	8,611,964
Interest Income Recognized	115,340	346,819
Commercial
Financing Receivable, Impaired [Line Items]
Recorded Investment	137,152	126,432
Unpaid Principal Balance	252,880	241,581
Average Investment in Impaired Loans	144,734	158,547
Interest Income Recognized	0	298
Real estate construction
Financing Receivable, Impaired [Line Items]
Recorded Investment	0	0
Unpaid Principal Balance	0	0
Average Investment in Impaired Loans	0	0
Interest Income Recognized	0	0
Accruing loans
Financing Receivable, Impaired [Line Items]
Troubled debt restructurings	$ 7,264,699	$ 6,046,433	$ 6,093,699

Loans Receivable - Accretable D

Loans Receivable - Accretable Discount On Acquired Loans (Details) - Impaired loans at acquisition - USD ($)	3 Months Ended	12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015
Certain Loans Acquired in Transfer Not Accounted for as Debt Securities Acquired During Period [Line Items]
Accretable discount - beginning balance	$ 3,391,288	$ 5,843,697
Loan accretion	(1,149,075)	(5,874,337)
Transfer from nonaccretable difference	0	3,421,928
Accretable discount - ending balance	$ 2,242,213	$ 3,391,288

Loans Receivable - Acquired Imp

Loans Receivable - Acquired Impaired Loans (Details) - Impaired loans at acquisition - USD ($)	Dec. 31, 2015	Sep. 30, 2015
Schedule of Loan Receivable Outstanding Balances and Related Carrying Amounts for Acquired Impaired Loans [Line Items]
Contractually required payments receivable	$ 27,285,534	$ 31,522,816
Carrying amount	$ 25,566,514	$ 27,353,545

Loans Receivable - Risk Grades

Loans Receivable - Risk Grades of Loan Portfolio (Details) - USD ($)	Dec. 31, 2015	Sep. 30, 2015
Composition Of Loan Portfolio [Line Items]
Loans receivable, gross	$ 690,687,371	$ 725,673,178
Pass (1-4)
Composition Of Loan Portfolio [Line Items]
Loans receivable, gross	651,187,165	683,319,662
Special Mention (5)
Composition Of Loan Portfolio [Line Items]
Loans receivable, gross	8,602,703	5,178,577
Substandard (6)
Composition Of Loan Portfolio [Line Items]
Loans receivable, gross	30,897,503	37,174,939
Doubtful (7)
Composition Of Loan Portfolio [Line Items]
Loans receivable, gross	0	0
Loss (8)
Composition Of Loan Portfolio [Line Items]
Loans receivable, gross	0	0
1-4 family residential real estate
Composition Of Loan Portfolio [Line Items]
Loans receivable, gross	182,297,415	188,043,631
1-4 family residential real estate | Pass (1-4)
Composition Of Loan Portfolio [Line Items]
Loans receivable, gross	178,772,466	182,991,645
1-4 family residential real estate | Special Mention (5)
Composition Of Loan Portfolio [Line Items]
Loans receivable, gross	193,150	704,509
1-4 family residential real estate | Substandard (6)
Composition Of Loan Portfolio [Line Items]
Loans receivable, gross	3,331,799	4,347,477
1-4 family residential real estate | Doubtful (7)
Composition Of Loan Portfolio [Line Items]
Loans receivable, gross	0	0
1-4 family residential real estate | Loss (8)
Composition Of Loan Portfolio [Line Items]
Loans receivable, gross	0	0
Commercial real estate
Composition Of Loan Portfolio [Line Items]
Loans receivable, gross	396,023,034	416,575,608
Commercial real estate | Pass (1-4)
Composition Of Loan Portfolio [Line Items]
Loans receivable, gross	360,783,972	380,049,378
Commercial real estate | Special Mention (5)
Composition Of Loan Portfolio [Line Items]
Loans receivable, gross	8,398,086	4,461,662
Commercial real estate | Substandard (6)
Composition Of Loan Portfolio [Line Items]
Loans receivable, gross	26,840,976	32,064,568
Commercial real estate | Doubtful (7)
Composition Of Loan Portfolio [Line Items]
Loans receivable, gross	0	0
Commercial real estate | Loss (8)
Composition Of Loan Portfolio [Line Items]
Loans receivable, gross	0	0
Commercial
Composition Of Loan Portfolio [Line Items]
Loans receivable, gross	39,836,473	37,444,399
Commercial | Pass (1-4)
Composition Of Loan Portfolio [Line Items]
Loans receivable, gross	39,108,577	36,697,618
Commercial | Special Mention (5)
Composition Of Loan Portfolio [Line Items]
Loans receivable, gross	11,467	12,406
Commercial | Substandard (6)
Composition Of Loan Portfolio [Line Items]
Loans receivable, gross	716,429	734,375
Commercial | Doubtful (7)
Composition Of Loan Portfolio [Line Items]
Loans receivable, gross	0	0
Commercial | Loss (8)
Composition Of Loan Portfolio [Line Items]
Loans receivable, gross	0	0
Real estate construction
Composition Of Loan Portfolio [Line Items]
Loans receivable, gross	61,816,380	77,217,378
Real estate construction | Pass (1-4)
Composition Of Loan Portfolio [Line Items]
Loans receivable, gross	61,816,380	77,217,378
Real estate construction | Special Mention (5)
Composition Of Loan Portfolio [Line Items]
Loans receivable, gross	0	0
Real estate construction | Substandard (6)
Composition Of Loan Portfolio [Line Items]
Loans receivable, gross	0	0
Real estate construction | Doubtful (7)
Composition Of Loan Portfolio [Line Items]
Loans receivable, gross	0	0
Real estate construction | Loss (8)
Composition Of Loan Portfolio [Line Items]
Loans receivable, gross	0	0
Consumer and other
Composition Of Loan Portfolio [Line Items]
Loans receivable, gross	10,714,069	6,392,162
Consumer and other | Pass (1-4)
Composition Of Loan Portfolio [Line Items]
Loans receivable, gross	10,705,770	6,363,643
Consumer and other | Special Mention (5)
Composition Of Loan Portfolio [Line Items]
Loans receivable, gross	0	0
Consumer and other | Substandard (6)
Composition Of Loan Portfolio [Line Items]
Loans receivable, gross	8,299	28,519
Consumer and other | Doubtful (7)
Composition Of Loan Portfolio [Line Items]
Loans receivable, gross	0	0
Consumer and other | Loss (8)
Composition Of Loan Portfolio [Line Items]
Loans receivable, gross	$ 0	$ 0

Loans Receivable - Allowance fo

Loans Receivable - Allowance for Loan Losses (Details) - USD ($)	3 Months Ended	12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015
Allowance for loan losses:
Beginning balance	$ 9,488,512	$ 9,470,897
Charge-offs	(14,567)	(529,012)
Recoveries	221,442	546,627
Provision	0	0
Ending balance	9,695,387	9,488,512
Amounts allocated to:
Individually evaluated for impairment	0	0
Other loans not individually evaluated	9,695,387	9,488,512
Loans:
Amounts collectively evaluated for impairment	655,383,622	688,150,212
Amounts individually evaluated for impairment	9,737,235	10,169,421
Amounts related to loans acquired with deteriorated credit quality	25,566,514	27,353,545
Loans receivable, gross	690,687,371	725,673,178
1-4 family residential real estate
Allowance for loan losses:
Beginning balance	708,671	980,265
Charge-offs	(10,841)	(138,340)
Recoveries	16,646	15,050
Provision	(22,266)	(148,304)
Ending balance	692,210	708,671
Amounts allocated to:
Individually evaluated for impairment	0	0
Other loans not individually evaluated	692,210	708,671
Loans:
Amounts collectively evaluated for impairment	177,812,787	182,841,754
Amounts individually evaluated for impairment	1,262,929	1,621,663
Amounts related to loans acquired with deteriorated credit quality	3,221,699	3,580,214
Loans receivable, gross	182,297,415	188,043,631
Commercial real estate
Allowance for loan losses:
Beginning balance	7,787,165	6,743,105
Charge-offs	0	(351,841)
Recoveries	91,664	145,338
Provision	(675,850)	1,250,563
Ending balance	7,202,979	7,787,165
Amounts allocated to:
Individually evaluated for impairment	0	0
Other loans not individually evaluated	7,202,979	7,787,165
Loans:
Amounts collectively evaluated for impairment	369,590,945	385,614,400
Amounts individually evaluated for impairment	8,337,154	8,421,326
Amounts related to loans acquired with deteriorated credit quality	18,094,935	22,539,882
Loans receivable, gross	396,023,034	416,575,608
Commercial
Allowance for loan losses:
Beginning balance	473,342	426,438
Charge-offs	(504)	(20,348)
Recoveries	108,998	316,665
Provision	(17,191)	(249,413)
Ending balance	564,645	473,342
Amounts allocated to:
Individually evaluated for impairment	0	0
Other loans not individually evaluated	564,645	473,342
Loans:
Amounts collectively evaluated for impairment	35,449,441	36,084,518
Amounts individually evaluated for impairment	137,152	126,432
Amounts related to loans acquired with deteriorated credit quality	4,249,880	1,233,449
Loans receivable, gross	39,836,473	37,444,399
Real estate construction
Allowance for loan losses:
Beginning balance	503,112	492,903
Charge-offs	0	0
Recoveries	0	864
Provision	(41,689)	9,345
Ending balance	461,423	503,112
Amounts allocated to:
Individually evaluated for impairment	0	0
Other loans not individually evaluated	461,423	503,112
Loans:
Amounts collectively evaluated for impairment	61,816,380	77,217,378
Amounts individually evaluated for impairment	0	0
Amounts related to loans acquired with deteriorated credit quality	0	0
Loans receivable, gross	61,816,380	77,217,378
Consumer and other
Allowance for loan losses:
Beginning balance	16,222	44,538
Charge-offs	(3,222)	(18,483)
Recoveries	4,134	68,710
Provision	19,716	(78,543)
Ending balance	36,850	16,222
Amounts allocated to:
Individually evaluated for impairment	0	0
Other loans not individually evaluated	36,850	16,222
Loans:
Amounts collectively evaluated for impairment	10,714,069	6,392,162
Amounts individually evaluated for impairment	0	0
Amounts related to loans acquired with deteriorated credit quality	0	0
Loans receivable, gross	10,714,069	6,392,162
Unallocated
Allowance for loan losses:
Beginning balance	0	783,648
Charge-offs	0	0
Recoveries	0	0
Provision	737,280	(783,648)
Ending balance	737,280	0
Amounts allocated to:
Individually evaluated for impairment	0	0
Other loans not individually evaluated	$ 737,280	$ 0

Income Per Share - Additional I

Income Per Share - Additional Information (Details) - shares	3 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Weighted average number diluted shares outstanding adjustment	659,687	534,058
Stock Options
Weighted average number diluted shares outstanding adjustment	405,679	219,864
Antidilutive securities excluded from computation of earnings per share (in shares)	0	0
Restricted Stock | Nonvested
Weighted average number diluted shares outstanding adjustment	254,008	314,194

Income Per Share - Schedule of

Income Per Share - Schedule of Income Per Share (Details) - USD ($)	3 Months Ended		12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Sep. 30, 2015
Numerator:
Net income	$ 4,614,278	$ 1,673,503	$ 5,572,162
Denominator:
Weighted average common shares outstanding	14,885,529	16,175,485
Common stock equivalents	659,687	534,058
Diluted shares	15,545,216	16,709,543
Net income per share:
Basic (in USD per share)	$ 0.31	$ 0.10
Diluted (in USD per share)	$ 0.30	$ 0.10

Other Real Estate Owned - Addit

Other Real Estate Owned - Additional Information (Details) - 1-4 family residential real estate $ in Thousands	Dec. 31, 2015USD ($)
Real Estate Properties [Line Items]
Other real estate owned, foreclosed assets	$ 918
Consumer mortgage loans collateralized by residential real estate, in process of foreclosure	$ 178

Other Real Estate Owned Real Es

Other Real Estate Owned Real Estate Owned (Details) - USD ($)	3 Months Ended		12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Sep. 30, 2015
Other Real Estate [Roll Forward]
Balance, beginning of period	$ 3,410,538	$ 7,315,791	$ 7,315,791
Real estate acquired through foreclosure of loans receivable	124,979		3,237,134
Proceeds from real estate sold	(555,531)		(7,676,904)
Provision for losses on real estate owned recognized in noninterest expense	0		(246,891)
Gain/loss on real estate sold	184,719	137,289
Increase of FDIC receivable for loss sharing agreements	0		(830,225)
Principal reductions	0	(39,961)	(58,891)
Balance, end of period	3,164,705		3,410,538
Beginning balance	604,086	$ (754,135)	(754,135)
Recognized in noninterest expense
Other Real Estate [Roll Forward]
Gain/loss on real estate sold	184,719		397,392
Payable to the FDIC
Other Real Estate [Roll Forward]
Gain/loss on real estate sold	$ 0		$ 1,273,132

Employee Benefits - Additional

Employee Benefits - Additional Information (Details) - USD ($)	Apr. 08, 2013	Dec. 31, 2015	Dec. 31, 2014	Sep. 30, 2015
Conversion of stock, shares issued	1.2471
Stock option expense		$ 80,578	$ 82,749
Retirement age		65 years
Stock Options
Shares issued or retired upon exercise of the option granted under the plan		0
Shares granted and outstanding		1,651,652		1,618,652
Options granted in period		33,000
Intrinsic value of stock options outstanding and exercisable		$ 5,359,024
Options exercisable, end of period		928,138
Intrinsic value of all stock options exercisable		$ 3,438,618
Stock Options | 2002 Stock Option Plan
Purchase price of common stock (percent)		100.00%
Expected life at date of grant (months)		10 years
Number of shares authorized for grant		882,876
Shares issued or retired upon exercise of the option granted under the plan		81,241
Shares granted and outstanding		646,972
Number of shares available for grant		0
Number of shares vested		539,468
Number of shares vested during period		72,955
Stock Options | 2013 Equity Incentive Plan
Purchase price of common stock (percent)		100.00%
Expected life at date of grant (months)		10 years
Number of shares authorized for grant		1,428,943
Shares granted and outstanding		1,004,680
Number of shares available for grant		424,263
Options granted in period		33,000
Number of shares vested		388,670
Number of shares vested during period		194,335
Stock Options | Minimum | 2002 Stock Option Plan
Vesting period (years)		4 years
Stock Options | Minimum | 2013 Equity Incentive Plan
Vesting period (years)		1 year
Stock Options | Maximum | 2002 Stock Option Plan
Vesting period (years)		5 years
Stock Options | Maximum | 2013 Equity Incentive Plan
Vesting period (years)		5 years
Restricted Stock
Unvested restricted stock awards - Vested (in Shares)		72,015
Restricted Stock | 2013 Equity Incentive Plan
Number of shares authorized for grant		571,577
Shares granted and outstanding		360,092
Number of shares available for grant		211,485
Unvested restricted stock awards - Vested (in Shares)		72,015

Employee Benefits - Fair Value

Employee Benefits - Fair Value of Options Assumptions (Details) - 33,000 Options	3 Months Ended
	Dec. 31, 2015$ / shares
Net Periodic Benefit Cost Assumptions [Line Items]
Expected life at date of grant (months)	96 months
Minimum
Net Periodic Benefit Cost Assumptions [Line Items]
Risk-free interest rate	1.18%
Dividend yield	1.52%
Volatility	13.13%
Weighted average grant-date fair value	$ 1.12
Maximum
Net Periodic Benefit Cost Assumptions [Line Items]
Risk-free interest rate	1.40%
Dividend yield	1.58%
Volatility	13.70%
Weighted average grant-date fair value	$ 1.31

Employee Benefits - Stock Optio

Employee Benefits - Stock Option Activity (Details) - Stock Options - $ / shares	3 Months Ended	12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Options outstanding, beginning of period	1,618,652
Options, exercised in period	0
Options forfeited in period	0
Options granted in period	33,000
Options outstanding, end of period	1,651,652	1,618,652
Options exercisable, end of period	928,138
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward]
Options outstanding, weighted average exercise price, beginning of period	$ 9.91
Options exercised in period, weighted average exercise price	0
Options forfeited in period, weighted average exercise price	0
Options granted in period, weighted average exercise price	12.71
Options outstanding, weighted average exercise price, end of period	9.97	$ 9.91
Options exercisable, weighted average exercise price, end of period	$ 9.51
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Options outstanding, weighted average remaining contractual term, beginning of period	6 years	7 years
Options granted, weighted average remaining life	10 years
Options outstanding, weighted average remaining contractual term, end of period	6 years	7 years
Options exercisable, weighted average remaining contractual term, end of period	6 years

Employee Benefits - Stock Opt49

Employee Benefits - Stock Options Outstanding (Details) - Stock Options - $ / shares	3 Months Ended	12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015
Options granted and outstanding (in shares)	1,651,652	1,618,652
Weighted average remaining contractual life in years	6 years	7 years
Exercise price per share (in Dollars per share)	$ 9.97	$ 9.91
Exercise Price $8.82
Options granted and outstanding (in shares)	384,458
Weighted average remaining contractual life in years	3 years
Exercise price per share (in Dollars per share)	$ 8.82
Exercise Price $8.18
Options granted and outstanding (in shares)	174,594
Weighted average remaining contractual life in years	5 years
Exercise price per share (in Dollars per share)	$ 8.18
Exercise Price $7.22
Options granted and outstanding (in shares)	66,720
Weighted average remaining contractual life in years	5 years
Exercise price per share (in Dollars per share)	$ 7.22
Exercise Price $7.34
Options granted and outstanding (in shares)	16,212
Weighted average remaining contractual life in years	6 years
Exercise price per share (in Dollars per share)	$ 7.34
Exercise Price $7.79
Options granted and outstanding (in shares)	4,988
Weighted average remaining contractual life in years	6 years
Exercise price per share (in Dollars per share)	$ 7.79
Exercise Price $10.89
Options granted and outstanding (in shares)	971,680
Weighted average remaining contractual life in years	8 years
Exercise price per share (in Dollars per share)	$ 10.89
Exercise Price $12.66
Options granted and outstanding (in shares)	30,000
Weighted average remaining contractual life in years	10 years
Exercise price per share (in Dollars per share)	$ 12.66
Exercise Price $13.16
Options granted and outstanding (in shares)	3,000
Weighted average remaining contractual life in years	10 years
Exercise price per share (in Dollars per share)	$ 13.16

Employee Benefits - Restricted

Employee Benefits - Restricted Stock Award (Details) - Restricted Stock	3 Months Ended
	Dec. 31, 2015$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Unvested restricted stock awards - beginning balance (in Shares) | shares	288,077
Unvested restricted stock awards - Granted (in Shares) | shares	0
Unvested restricted stock awards - Vested (in Shares) | shares	72,015
Unvested restricted stock awards - Cancelled or expired (in Shares) | shares	0
Unvested restricted stock awards - ending balance (in Shares) | shares	216,062
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Unvested restricted stock awards - Weighted average grant date fair value - beginning balance (in Dollars per share) | $ / shares	$ 10.89
Unvested restricted stock awards - Granted - Weighted average grant date fair value (in Dollars per share) | $ / shares	0
Unvested restricted stock awards - Vested - Weighted average grant date fair value (in Dollars per share) | $ / shares	10.89
Unvested restricted stock awards - Cancelled or expired - Weighted average grant date fair value (in Dollars per share) | $ / shares	0
Unvested restricted stock awards - Weighted average grant date fair value - ending balance (in Dollars per share) | $ / shares	$ 10.89

Commitments and Contingent Li51

Commitments and Contingent Liabilities (Details) $ in Millions	Dec. 31, 2015USD ($)
Commitments and Contingencies Disclosure [Abstract]
Commitment to extend credit	$ 141.3

Fair Value of Financial Instr52

Fair Value of Financial Instruments and Fair Value Measurement - Additional Information (Details)	12 Months Ended
	Sep. 30, 2014
Fair Value Disclosures [Abstract]
Liquidity risk	5.50%

Fair Value of Financial Instr53

Fair Value of Financial Instruments and Fair Value Measurement - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($)	Dec. 31, 2015	Sep. 30, 2015
Assets
Investment securities available for sale	$ 175,988,229	$ 184,404,089
Assets held for sale	1,300,304	1,657,084
Other investment securities: collateralized loan obligations
Assets
Investment securities available for sale	39,398,339	39,496,117
Mortgage-backed securities: FHLMC certificates
Assets
Investment securities available for sale	33,834,094	35,991,442
Mortgage-backed securities: FNMA certificates
Assets
Investment securities available for sale	92,879,643	98,218,049
Mortgage-backed securities: GNMA certificates
Assets
Investment securities available for sale	1,547,101	1,558,595
Collateralized mortgage obligations: FHLMC
Assets
Investment securities available for sale		39,214
Collateralized mortgage obligations: FNMA
Assets
Investment securities available for sale		63,315
Private-label mortgage securities: investment grade
Assets
Investment securities available for sale	975,280	1,031,316
Private-label mortgage securities: split rating
Assets
Investment securities available for sale	718,785	875,416
Private-label mortgage securities: non-investment grade
Assets
Investment securities available for sale	6,634,987	7,130,625
Total investment securities available for sale
Assets
Investment securities available for sale	175,988,229	184,404,089
Total recurring assets at fair value
Assets
Total recurring assets at fair value	177,288,533	186,061,173
Fair Value, Inputs, Level 1
Assets
Investment securities available for sale	0	0
Assets held for sale	0	0
Fair Value, Inputs, Level 1 | Other investment securities: collateralized loan obligations
Assets
Investment securities available for sale	0	0
Fair Value, Inputs, Level 1 | Mortgage-backed securities: FHLMC certificates
Assets
Investment securities available for sale	0	0
Fair Value, Inputs, Level 1 | Mortgage-backed securities: FNMA certificates
Assets
Investment securities available for sale	0	0
Fair Value, Inputs, Level 1 | Mortgage-backed securities: GNMA certificates
Assets
Investment securities available for sale	0	0
Fair Value, Inputs, Level 1 | Collateralized mortgage obligations: FHLMC
Assets
Investment securities available for sale		0
Fair Value, Inputs, Level 1 | Collateralized mortgage obligations: FNMA
Assets
Investment securities available for sale		0
Fair Value, Inputs, Level 1 | Private-label mortgage securities: investment grade
Assets
Investment securities available for sale	0	0
Fair Value, Inputs, Level 1 | Private-label mortgage securities: split rating
Assets
Investment securities available for sale	0	0
Fair Value, Inputs, Level 1 | Private-label mortgage securities: non-investment grade
Assets
Investment securities available for sale	0	0
Fair Value, Inputs, Level 1 | Total investment securities available for sale
Assets
Investment securities available for sale	0	0
Fair Value, Inputs, Level 1 | Total recurring assets at fair value
Assets
Total recurring assets at fair value	0	0
Fair Value, Inputs, Level 2
Assets
Investment securities available for sale	175,988,229	184,404,089
Assets held for sale	0	0
Fair Value, Inputs, Level 2 | Other investment securities: collateralized loan obligations
Assets
Investment securities available for sale	39,398,339	39,496,117
Fair Value, Inputs, Level 2 | Mortgage-backed securities: FHLMC certificates
Assets
Investment securities available for sale	33,834,094	35,991,442
Fair Value, Inputs, Level 2 | Mortgage-backed securities: FNMA certificates
Assets
Investment securities available for sale	92,879,643	98,218,049
Fair Value, Inputs, Level 2 | Mortgage-backed securities: GNMA certificates
Assets
Investment securities available for sale	1,547,101	1,558,595
Fair Value, Inputs, Level 2 | Collateralized mortgage obligations: FHLMC
Assets
Investment securities available for sale		39,214
Fair Value, Inputs, Level 2 | Collateralized mortgage obligations: FNMA
Assets
Investment securities available for sale		63,315
Fair Value, Inputs, Level 2 | Private-label mortgage securities: investment grade
Assets
Investment securities available for sale	975,280	1,031,316
Fair Value, Inputs, Level 2 | Private-label mortgage securities: split rating
Assets
Investment securities available for sale	718,785	875,416
Fair Value, Inputs, Level 2 | Private-label mortgage securities: non-investment grade
Assets
Investment securities available for sale	6,634,987	7,130,625
Fair Value, Inputs, Level 2 | Total investment securities available for sale
Assets
Investment securities available for sale	175,988,229	184,404,089
Fair Value, Inputs, Level 2 | Total recurring assets at fair value
Assets
Total recurring assets at fair value	175,988,229	184,404,089
Fair Value, Inputs, Level 3
Assets
Investment securities available for sale	0	0
Assets held for sale	1,300,304	1,657,084
Fair Value, Inputs, Level 3 | Other investment securities: collateralized loan obligations
Assets
Investment securities available for sale	0	0
Fair Value, Inputs, Level 3 | Mortgage-backed securities: FHLMC certificates
Assets
Investment securities available for sale	0	0
Fair Value, Inputs, Level 3 | Mortgage-backed securities: FNMA certificates
Assets
Investment securities available for sale	0	0
Fair Value, Inputs, Level 3 | Mortgage-backed securities: GNMA certificates
Assets
Investment securities available for sale	0	0
Fair Value, Inputs, Level 3 | Collateralized mortgage obligations: FHLMC
Assets
Investment securities available for sale		0
Fair Value, Inputs, Level 3 | Collateralized mortgage obligations: FNMA
Assets
Investment securities available for sale		0
Fair Value, Inputs, Level 3 | Private-label mortgage securities: investment grade
Assets
Investment securities available for sale	0	0
Fair Value, Inputs, Level 3 | Private-label mortgage securities: split rating
Assets
Investment securities available for sale	0	0
Fair Value, Inputs, Level 3 | Private-label mortgage securities: non-investment grade
Assets
Investment securities available for sale	0	0
Fair Value, Inputs, Level 3 | Total investment securities available for sale
Assets
Investment securities available for sale	0	0
Fair Value, Inputs, Level 3 | Total recurring assets at fair value
Assets
Total recurring assets at fair value	$ 1,300,304	$ 1,657,084

Fair Value of Financial Instr54

Fair Value of Financial Instruments and Fair Value Measurement - Level 3 Unobservable Input Reconciliation (Details) - Assets held for sale - USD ($)	3 Months Ended	12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Sep. 30, 2014
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value, beginning balance	$ 1,300,304	$ 1,657,084	$ 1,744,584
Sales	356,780	0
Valuation loss recognized in noninterest expense	0	(87,500)
Transfers in and/or out of Level 3	0	0
Fair value, ending balance	$ 1,300,304	$ 1,657,084

Fair Value of Financial Instr55

Fair Value of Financial Instruments and Fair Value Measurement - Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis (Details) - USD ($)	Dec. 31, 2015	Sep. 30, 2015	Sep. 30, 2014
Impaired loans:
Impaired loans	$ 3,258,405	$ 3,357,250
Other real estate owned	3,164,705	3,410,538	$ 7,315,791
Fair Value, Inputs, Level 1
Impaired loans:
Impaired loans	0	0
Other real estate owned	0	0
Fair Value, Inputs, Level 2
Impaired loans:
Impaired loans	0	0
Other real estate owned	0	0
Fair Value, Inputs, Level 3
Impaired loans:
Impaired loans	3,258,405	3,357,250
Other real estate owned	$ 3,164,705	$ 3,410,538

Fair Value of Financial Instr56

Fair Value of Financial Instruments and Fair Value Measurement - Quantitative Information about Level 3 Fair Value Measurements (Details) - USD ($)	3 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Sep. 30, 2014
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Impaired loans	$ 3,258,405	$ 3,357,250
Other real estate owned	3,164,705	3,410,538	$ 7,315,791
Assets held for sale	1,300,304	$ 1,657,084
Impaired loans
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Impaired loans	$ 3,258,405
Valuation techniques	Property appraisals
Unobservable input	Management discount for property type and recent market volatility
Weighted average discount rate	35.00%
Other real estate owned
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Other real estate owned	$ 3,164,705
Valuation techniques	Property appraisals
Unobservable input	Management discount for property type and recent market volatility
Weighted average discount rate	32.00%
Assets held for sale
Fair Value Inputs, Assets, Quantitative Information [Line Items]
Assets held for sale	$ 1,300,304
Valuation techniques	Valuation analysis
Unobservable input	Management discount for property type and recent market volatility
Weighted average discount rate	26.00%
Minimum | Impaired loans
Fair Value Inputs, Assets, Quantitative Information [Line Items]
General range (discount)	17.00%
Minimum | Other real estate owned
Fair Value Inputs, Assets, Quantitative Information [Line Items]
General range (discount)	14.00%
Minimum | Assets held for sale
Fair Value Inputs, Assets, Quantitative Information [Line Items]
General range (discount)	0.00%
Maximum | Impaired loans
Fair Value Inputs, Assets, Quantitative Information [Line Items]
General range (discount)	52.00%
Maximum | Other real estate owned
Fair Value Inputs, Assets, Quantitative Information [Line Items]
General range (discount)	51.00%
Maximum | Assets held for sale
Fair Value Inputs, Assets, Quantitative Information [Line Items]
General range (discount)	44.00%

Fair Value of Financial Instr57

Fair Value of Financial Instruments and Fair Value Measurement - Estimated Fair Value of On-Balance Sheet Financial Instruments (Details) - USD ($)	Dec. 31, 2015	Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2014
Financial assets:
Cash and cash equivalents - carrying value	$ 51,881,302	$ 30,343,225	$ 48,731,559	$ 99,462,953
Cash and cash equivalents - fair value	51,881,302	30,343,225
Investment securities available for sale	175,988,229	184,404,089
FHLB stock - carrying value	3,005,600	3,515,600
FHLB stock - fair value	3,005,600	3,515,600
Loans receivable, net - carrying value	679,870,414	714,761,210
Loans receivable, net - fair value	677,889,396	710,729,157
Loans held for sale - carrying value	2,285,847	1,406,902
Loans held for sale - fair value	2,330,930	1,444,042
Assets held for sale	1,300,304	1,657,084
Accrued interest and dividends receivable - carrying value	2,495,117	2,668,406
Accrued interest and dividends receivable - fair value	2,495,117	2,668,406
Financial liabilities:
Deposits - carrying value	744,233,967	738,855,076
Deposits - fair value	744,956,126	739,513,754
FHLB advances - carrying value	50,000,000	62,000,000
FHLB advances - fair value	52,708,818	65,418,947
Accrued interest payable - carrying value	226,644	221,476
Accrued interest payable - fair value	226,644	221,476
Fair Value, Inputs, Level 1
Financial assets:
Cash and cash equivalents - fair value	51,881,302	30,343,225
Investment securities available for sale	0	0
FHLB stock - fair value	0	0
Loans receivable, net - fair value	0	0
Loans held for sale - fair value	0	0
Assets held for sale	0	0
Accrued interest and dividends receivable - fair value	0	0
Financial liabilities:
Deposits - fair value	0	0
FHLB advances - fair value	0	0
Accrued interest payable - fair value	0	0
Fair Value, Inputs, Level 2
Financial assets:
Cash and cash equivalents - fair value	0	0
Investment securities available for sale	175,988,229	184,404,089
FHLB stock - fair value	3,005,600	3,515,600
Loans receivable, net - fair value	0	0
Loans held for sale - fair value	2,330,930	1,444,042
Assets held for sale	0	0
Accrued interest and dividends receivable - fair value	490,113	517,509
Financial liabilities:
Deposits - fair value	744,956,126	739,513,754
FHLB advances - fair value	52,708,818	65,418,947
Accrued interest payable - fair value	226,644	221,476
Fair Value, Inputs, Level 3
Financial assets:
Cash and cash equivalents - fair value	0	0
Investment securities available for sale	0	0
FHLB stock - fair value	0	0
Loans receivable, net - fair value	677,889,396	710,729,157
Loans held for sale - fair value	0	0
Assets held for sale	1,300,304	1,657,084
Accrued interest and dividends receivable - fair value	2,005,004	2,150,897
Financial liabilities:
Deposits - fair value	0	0
FHLB advances - fair value	0	0
Accrued interest payable - fair value	$ 0	$ 0

Uncategorized Items - chfn-2015

Label	Element	Value
Stock Issued During Period, Value, New Issues	us-gaap_StockIssuedDuringPeriodValueNewIssues	$ 0