Peoples Federal Bancshares 10-Q 8 Aug 14 2014 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Jun. 30, 2014	Jul. 31, 2014
Document and Entity Information	'	'
Entity Registrant Name	'Peoples Federal Bancshares, Inc.	'
Entity Central Index Key	'0001485964	'
Document Type	'10-Q	'
Document Period End Date	30-Jun-14	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--09-30	'
Entity Current Reporting Status	'Yes	'
Entity Filer Category	'Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	6,241,436
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Jun. 30, 2014	Sep. 30, 2013
In Thousands, unless otherwise specified
ASSETS	'	'
Cash and due from banks	$4,197	$4,047
Interest-bearing demand deposits with other banks	22,550	30,906
Federal funds sold	184	79
Federal Home Loan Bank - overnight deposit	1,502	2,102
Total cash and cash equivalents	28,433	37,134
Securities available-for-sale	9,298	14,225
Securities held-to-maturity (fair values of $38,782 and $32,105)	38,557	32,054
Federal Home Loan Bank stock (at cost)	4,252	3,775
Loans	497,408	470,086
Allowance for loan losses	-4,023	-4,037
Loans, net	493,385	466,049
Premises and equipment, net	3,736	3,465
Cash surrender value of life insurance policies	20,486	20,007
Accrued interest receivable	1,496	1,448
Deferred income tax asset, net	5,064	5,432
Other assets	1,494	1,657
Total assets	606,201	585,246
Deposits:	'	'
Non-interest bearing	58,656	57,891
Interest-bearing	375,887	367,202
Total deposits	434,543	425,093
Short-term borrowings	2,000	6,000
Long-term debt	57,000	38,000
Accrued expenses and other liabilities	8,931	9,801
Total liabilities	502,474	478,894
Stockholders' equity:	'	'
Preferred stock, $0.01 par value; 50,000,000 shares authorized; none issued	'	'
Common stock, $0.01 par value; 100,000,000 shares authorized; 6,241,436 and 6,465,934 shares issued and outstanding at June 30, 2014 and September 30, 2013, respectively	62	65
Additional paid-in capital	56,633	60,039
Retained earnings	54,447	55,103
Accumulated other comprehensive income (loss)	19	-30
Unearned restricted shares; 186,373 and 256,894 shares at June 30, 2014 and September 30, 2013, respectively	-3,006	-4,183
Unearned compensation - ESOP	-4,428	-4,642
Total stockholders' equity	103,727	106,352
Total liabilities and stockholders' equity	$606,201	$585,246

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Jun. 30, 2014	Sep. 30, 2013
In Thousands, except Share data, unless otherwise specified
CONSOLIDATED BALANCE SHEETS	'	'
Securities held-to-maturity, fair values (in dollars)	$38,782	$32,105
Preferred stock, par value (in dollars per share)	$0.01	$0.01
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, shares issued	0	0
Common stock, par value (in dollars per share)	$0.01	$0.01
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	6,241,436	6,465,934
Common stock, shares outstanding	6,241,436	6,465,934
Unearned restricted shares	186,373	256,894

CONSOLIDATED_STATEMENTS_OF_INC

CONSOLIDATED STATEMENTS OF INCOME (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Interest and dividend income:	'	'	'	'
Interest and fees on loans	$4,831	$4,644	$14,263	$14,116
Interest on debt securities:	'	'	'	'
Taxable	249	147	723	417
Other interest	13	26	40	70
Dividends on equity securities	14	3	32	12
Total interest and dividend income	5,107	4,820	15,058	14,615
Interest expense:	'	'	'	'
Interest on deposits	448	501	1,340	1,668
Interest on Federal Home Loan Bank advances	189	152	533	452
Total interest expense	637	653	1,873	2,120
Net interest and dividend income	4,470	4,167	13,185	12,495
Provision for loan losses	'	'	'	200
Net interest and dividend income, after provision for loan losses	4,470	4,167	13,185	12,295
Non-interest income:	'	'	'	'
Customer service fees	194	213	578	616
Loan servicing fees	9	16	30	30
Net gain on sales of mortgage loans	'	42	11	189
Net gain on sales of securities available-for-sale	'	'	3	'
Increase in cash surrender value of life insurance	150	143	479	486
Other income	23	58	118	131
Total non-interest income	376	472	1,219	1,452
Non-interest expense:	'	'	'	'
Salaries and employee benefits	2,602	2,444	7,867	7,173
Occupancy expense	272	241	810	719
Equipment expense	122	87	324	294
Professional fees	192	104	523	398
Advertising expense	174	142	507	379
Data processing expense	227	218	670	637
Deposit insurance expense	70	81	201	211
Other expense	269	254	782	768
Total non-interest expense	3,928	3,571	11,684	10,579
Income before income taxes	918	1,068	2,720	3,168
Provision for income taxes	379	470	1,113	1,344
Net income	$539	$598	$1,607	$1,824
Weighted-average shares outstanding:	'	'	'	'
Basic (in shares)	5,611,087	5,869,813	5,690,205	5,913,414
Diluted (in shares)	5,678,343	5,905,052	5,745,742	5,950,470
Earnings per common share:	'	'	'	'
Basic (in dollars per share)	$0.09	$0.10	$0.27	$0.30
Diluted (in dollars per share)	$0.09	$0.10	$0.27	$0.30

CONSOLIDATED_STATEMENTS_OF_COM

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014		Jun. 30, 2013
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME	'	'	'		'
Net income	$539	$598	$1,607		$1,824
Net unrealized gain (loss) on securities available-for-sale	92	-205	84		-286
Reclassification adjustment for net securities gains realized (1)	'	'	-3	[1]	'
Net unrealized gains (losses)	92	-205	81		-286
Income tax (expense) benefit	-37	82	-32		115
Other comprehensive income (loss), net of tax	55	-123	49		-171
Total comprehensive income	$594	$475	$1,656		$1,653
[1]	Reclassification adjustments are comprised of realized security gains and losses. The gains and losses have been reclassified out of accumulated other comprehensive income and have affected certain lines in the consolidated statements of income as follows: the pre-tax amount is included in net gain on sales of securities available-for-sale, the tax expense amount is included in income tax expense and the after tax amount is included in net income.

CONSOLIDATED_STATEMENTS_OF_CHA

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (USD $)	Common Stock [Member]	Additional Paid In Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income [Member]	Deferred Compensation Share Based Compensation Arrangement Nonvested Equity Awards [Member]	Deferred Compensation Employee Stock Ownership Plan E S O P Plan [Member]	Total
In Thousands, except Share data, unless otherwise specified
Balance at Sep. 30, 2012	$67	$63,909	$55,153	$113	($3,777)	($4,927)	$110,538
Balance (in shares) at Sep. 30, 2012	6,726,904	'	'	'	'	'	'
Increase (Decrease) in Stockholders' Equity	'	'	'	'	'	'	'
Net income	'	'	1,824	'	'	'	1,824
Other comprehensive income (loss)	'	'	'	-171	'	'	-171
Purchase and retirement of stock	-2	-4,506	'	'	'	'	-4,508
Purchase and retirement of stock (in shares)	-253,900	'	'	'	'	'	'
Restricted stock awards earned (42,255 shares and 70,521 shares for the nine months ended June 30, 2013 and 2014, respectively)	'	'	'	'	654	'	654
Stock options expense	'	346	'	'	'	'	346
Common stock released by ESOP (7,141 shares for the nine months ended June 30, 2013 and 2014, respectively)	'	50	'	'	'	71	121
Common stock held by ESOP committed to be released (14,283 shares for the nine months ended June 30, 2013 and 2014, respectively)	'	116	'	'	'	143	259
Dividends paid ($0.35 per share and $0.38 per share for the nine months ended June 30, 2013 and 2014, respectively)	'	'	-2,096	'	'	'	-2,096
Balance at Jun. 30, 2013	65	59,915	54,881	-58	-3,123	-4,713	106,967
Balance (in shares) at Jun. 30, 2013	6,473,004	'	'	'	'	'	'
Balance at Sep. 30, 2013	65	60,039	55,103	-30	-4,183	-4,642	106,352
Balance (in shares) at Sep. 30, 2013	6,465,934	'	'	'	'	'	'
Increase (Decrease) in Stockholders' Equity	'	'	'	'	'	'	'
Net income	'	'	1,607	'	'	'	1,607
Other comprehensive income (loss)	'	'	'	49	'	'	49
Purchase and retirement of stock	-3	-4,033	'	'	'	'	-4,036
Purchase and retirement of stock (in shares)	-224,498	'	'	'	'	'	'
Restricted stock awards earned (42,255 shares and 70,521 shares for the nine months ended June 30, 2013 and 2014, respectively)	'	'	'	'	1,177	'	1,177
Tax benefit of vested restricted stock awards (56,340 shares)	'	59	'	'	'	'	59
Stock options expense	'	398	'	'	'	'	398
Common stock released by ESOP (7,141 shares for the nine months ended June 30, 2013 and 2014, respectively)	'	53	'	'	'	71	124
Common stock held by ESOP committed to be released (14,283 shares for the nine months ended June 30, 2013 and 2014, respectively)	'	117	'	'	'	143	260
Dividends paid ($0.35 per share and $0.38 per share for the nine months ended June 30, 2013 and 2014, respectively)	'	'	-2,263	'	'	'	-2,263
Balance at Jun. 30, 2014	$62	$56,633	$54,447	$19	($3,006)	($4,428)	$103,727
Balance (in shares) at Jun. 30, 2014	6,241,436	'	'	'	'	'	'

CONSOLIDATED_STATEMENTS_OF_CHA1

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) (USD $)	9 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY	'	'
Common stock released by ESOP (in shares)	7,141	7,141
Common stock held by ESOP committed to be released (in shares)	14,283	14,283
Dividends paid (in dollars per share)	$0.38	$0.35
Restricted Stock [Member]	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Restricted stock awards earned (in shares)	70,521	42,255
Vested awards (in shares)	56,340	'

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Cash flows from operating activities:	'	'
Net income	$1,607	$1,824
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Amortization of securities, net	118	188
Net gain on sales of securities available-for-sale	3	'
Provision for loan losses	'	200
Change in net deferred loan costs	-247	-124
Depreciation and amortization	340	307
(Increase) decrease in accrued interest receivable	-48	136
Income on cash surrender value of life insurance	-479	-486
Decrease in other assets	524	626
(Decrease) increase in accrued expenses and other liabilities	-862	514
Increase in prepaid income taxes	-315	-39
Increase (decrease) in income taxes payable	5	-118
Deferred income tax expense (benefit)	336	-175
Stock based compensation expense	1,575	1,000
Tax benefit of vested restricted stock awards	-59	'
ESOP expense	384	380
Net cash provided by operating activities	2,876	4,233
Activity in securities available-for-sale:	'	'
Sales	6,003	'
Purchases	-3,849	-3,061
Maturities, prepayments and calls	2,837	9,988
Activity in securities held-to-maturity:	'	'
Purchases	-10,114	-9,096
Maturities, prepayments and calls	3,513	7,020
(Purchases) redemptions of Federal Home Loan Bank stock	-477	239
Loan originations and principal collections, net	9,805	16,971
Purchased loans	-36,966	-19,320
Recoveries of loans previously charged off	72	8
Capital expenditures	-611	-164
Net cash (used in) provided by investing activities	-29,787	2,585
Net increase (decrease) in:	'	'
Demand deposits, NOW and savings accounts	5,254	10,483
Term certificates	4,196	-3,604
Short-term borrowings	-4,000	-2,000
Activity in long-term debt:	'	'
Proceeds from advances	27,000	4,000
Payment of advances	-8,000	-2,000
Common stock repurchased	-4,036	-4,508
Tax benefit of vested restricted stock awards	59	'
Dividends paid	-2,263	-2,096
Net cash provided by financing activities	18,210	275
Net (decrease) increase in cash and cash equivalents	-8,701	7,093
Cash and cash equivalents at beginning of period	37,134	36,241
Cash and cash equivalents at end of period	28,433	43,334
Cash paid during the year for:	'	'
Interest	1,866	2,110
Income taxes	$1,097	$1,676

BASIS_OF_PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	Jun. 30, 2014
BASIS OF PRESENTATION	'
BASIS OF PRESENTATION	'
	NOTE 1 — BASIS OF PRESENTATION
	The consolidated interim financial statements include the accounts of Peoples Federal Bancshares, Inc. (the “Company”), and its wholly-owned subsidiaries, Peoples Federal Savings Bank (the “Bank”) and Peoples Funding Corporation (“PFC”), as of June 30, 2014 (unaudited) and September 30, 2013.  All significant intercompany accounts and transactions have been eliminated in the consolidation.
	In the opinion of management, the unaudited consolidated interim financial statements include all significant adjustments (consisting of normal recurring adjustments) necessary to present fairly the financial position of the Company and the statements of income, comprehensive income, changes in stockholders’ equity and cash flows for the interim periods presented.
	The financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”).  In preparing the financial statements, management is required to make extensive use of estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the balance sheet and revenues and expenses for the period.  Actual results could differ significantly 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 and income taxes.
	Certain financial information, which is normally included in financial statements prepared in accordance with GAAP, but which is not required for interim reporting purposes, has been condensed or omitted.  The net income reported for the three and nine months ended June 30, 2014 (unaudited) is not necessarily indicative of the results that may be expected for the fiscal year ending September 30, 2014 or any interim periods.  The accompanying condensed interim financial statements should be read in conjunction with the financial statements and notes thereto included in Peoples Federal Bancshares, Inc.’s Form 10-K for the fiscal year ended September 30, 2013 filed with the Securities and Exchange Commission (“SEC”) on December 13, 2013.
	The allowance for loan losses is a significant accounting policy and is presented in the Company’s Form 10-K for the fiscal year ended September 30, 2013, which provides information on how significant assets are valued in the financial statements and how those values are determined.  Based on the valuation techniques used and the sensitivity of financial statement amounts to the methods, assumptions and estimates underlying those amounts, management has identified the determination of the allowance for loan losses to be the accounting area that requires the most subjective judgments, and as such could be most subject to revision as new information becomes available.

NATURE_OF_OPERATIONS

NATURE OF OPERATIONS	9 Months Ended
	Jun. 30, 2014
NATURE OF OPERATIONS	'
NATURE OF OPERATIONS	'
	NOTE 2 — NATURE OF OPERATIONS
	The Company is headquartered in Brighton, Massachusetts and operates its business from eight banking offices located in Brighton, Allston, West Roxbury, Jamaica Plain, Brookline, West Newton, Westwood and Norwood.  The Company is engaged principally in the business of providing a variety of financial services to individuals and small businesses primarily in the form of various deposit products and residential and commercial mortgage lending products.

RECENT_ACCOUNTING_PRONOUNCEMEN

RECENT ACCOUNTING PRONOUNCEMENTS	9 Months Ended
	Jun. 30, 2014
RECENT ACCOUNTING PRONOUNCEMENTS	'
RECENT ACCOUNTING PRONOUNCEMENTS	'
	NOTE 3 - RECENT ACCOUNTING PRONOUNCEMENTS
	In July 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2013-11, “Income Taxes (Topic 740) — Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists.”  The amendments in this ASU provide guidance for the financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists.  The amendments in this ASU are expected to reduce diversity in practice by providing guidance on the presentation of unrecognized tax benefits and will better reflect the manner in which an entity would settle at the reporting date any additional income taxes that would result from the disallowance of a tax position when net operating loss carryforwards, similar tax losses, or tax credit carryforwards exist.  The amendments apply to all public entities that have unrecognized tax benefits when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists at the reporting date and are effective for fiscal years, and interim periods within those years, beginning after December 15, 2013.  The adoption of this guidance did not have an impact on the Company’s results of operations or financial position.
	In January 2014, the FASB issued ASU 2014-01, “Investments - Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Qualified Affordable Housing Projects.”  The amendments in this ASU apply to all reporting entities that invest in qualified affordable housing projects through limited liability entities that are flow-through entities for tax purposes that meet the conditions for and that elect to use the proportional amortization method to account for investments in qualified affordable housing projects.  For reporting entities that do not meet the conditions for or that do not elect the proportional amortization method, only the amendments in this ASU that are related to disclosures apply.  The amendments in this ASU permit reporting entities to make an accounting policy election to account for their investments in qualified affordable housing projects using the proportional amortization method if certain conditions are met.  Under the proportional amortization method, an entity amortizes the initial cost of the investment in proportion to the tax credits and other tax benefits received and recognizes the net investment performance in the income statement as a component of income tax expense (benefit).  For those investments in qualified affordable housing projects not accounted for using the proportional amortization method, the investment should be accounted for as an equity method investment or a cost method investment in accordance with Subtopic 970-323.  The amendments in this ASU should be applied retrospectively to all periods presented.  A reporting entity that uses the effective yield method to account for its investments in qualified affordable housing projects before the date of adoption may continue to apply the effective yield method for those preexisting investments.  The amendments in this ASU are effective for public business entities for annual periods and interim reporting periods within those annual periods, beginning after December 15, 2014.  Early adoption is permitted.  The Company does not expect that the adoption of this ASU will have an impact on the Company’s results of operations or financial position.
	In January 2014, the FASB issued ASU 2014-04, “Receivables-Troubled Debt Restructurings by Creditors (Subtopic 310-40): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure.”  The amendments in this ASU reduce diversity in practice by clarifying when an in substance repossession or foreclosure occurs, that is, when a creditor should be considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan such that the loan receivable should be derecognized and the real estate property recognized.  The amendments in this ASU clarify that an in substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either (1) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement.  Additionally, the amendments require interim and annual disclosure of both (1) the amount of foreclosed residential real estate property held by the creditor and (2) the recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure according to local requirements of the applicable jurisdiction.  The amendments in this ASU are effective for public business entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2014.  An entity can elect to adopt the amendments in this ASU using either a modified retrospective transition method or a prospective transition method.  The Company does not expect that the adoption of this ASU will have an impact on the Company’s results of operations or financial position.
	In April 2014, the FASB issued ASU 2014-08, “Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360): Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity.”  This ASU changes the criteria for reporting discontinued operations and modifies related disclosure requirements.  The new guidance is effective on a prospective basis for fiscal years beginning on or after December 15, 2014, and interim periods within those years.  The adoption of this guidance is not expected to have a material impact on the Company’s results of operations or financial position.
	In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers (Topic 606).”  The objective of this ASU was to clarify principles for recognizing revenue and to develop a common revenue standard for GAAP and International Financial Reporting Standards.  The guidance in this ASU affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards.  The core principal of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services.  For public entities, the amendments in this update are effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period.  Early application is not permitted.  The Company is currently reviewing this ASU to determine if it will have an impact on the Company’s results of operations or financial position.
	In June 2014, the FASB issued ASU 2014-11, “Transfers and Servicing (Topic 860): Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures.”  The amendments in this ASU require two accounting changes.  First, the amendments in this ASU change the accounting for repurchase-to-maturity transactions to secured borrowing accounting.  Second, for repurchase financing arrangements, the amendments require separate accounting for a transfer of a financial asset executed contemporaneously with a repurchase agreement with the same counterparty, which will result in secured borrowing accounting for the repurchase agreement.  This ASU also includes new disclosure requirements.  The accounting changes in this Update are effective for public business entities for the first interim or annual period beginning after December 15, 2014.  An entity is required to present changes in accounting for transactions outstanding on the effective date as a cumulative-effect adjustment to retained earnings as of the beginning of the period of adoption.  Earlier application for a public business entity is prohibited.  The Company is currently reviewing this ASU to determine if it will have an impact on the Company’s results of operations or financial position.
	In June 2014, the FASB issued ASU No. 2014-12, “Compensation - Stock Compensation (Topic 718): Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could be Achieved after the Requisite Service Period.”  The amendments in this ASU require that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition.  A reporting entity should apply existing guidance in Topic 718 as it relates to awards with performance conditions that affect vesting to account for such awards.  This ASU is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2015.  Earlier adoption is permitted.  ASU 2014-12 may be adopted either (a) prospectively to all awards granted or modified after the effective date or (b) retrospectively to all awards with performance targets that are outstanding as of the beginning of the earliest annual period presented in the financial statements, and to all new or modified awards thereafter.  If retrospective transition is adopted, the cumulative effect of applying this update as of the beginning of the earliest annual period presented in the financial statements should be recognized as an adjustment to the opening retained earnings balance at that date.  The Company is currently reviewing this ASU to determine if it will have an impact on the Company’s result of operations or financial position.

SECURITIES

SECURITIES	9 Months Ended
	Jun. 30, 2014
SECURITIES	'
SECURITIES	'
	NOTE 4 - SECURITIES
	Debt securities have been classified in the consolidated balance sheets according to management’s intent.  The amortized cost and fair value of securities with gross unrealized gains and losses follows:
				Gross		Gross
		Amortized		Unrealized		Unrealized
		Cost		Gains		Losses		Fair Value
		(Unaudited)
		(In thousands)
	June 30, 2014:
	Securities Available-for-Sale
	Mortgage-backed securities	$	9,267	$	72	$	41	$	9,298
	Total securities available-for-sale	$	9,267	$	72	$	41	$	9,298
	Securities Held-to-Maturity
	Debt securities issued by U.S. Government corporations and agencies	$	5,000	$	—	$	40	$	4,960
	Mortgage-backed securities	33,557		358		93		33,822
	Total securities held-to-maturity	$	38,557	$	358	$	133	$	38,782
				Gross		Gross
		Amortized		Unrealized		Unrealized
		Cost		Gains		Losses		Fair Value
		(In thousands)
	September 30, 2013:
	Securities Available-for-Sale
	Debt securities issued by U.S. Government corporations and agencies	$	8,000	$	12	$	25	$	7,987
	Mortgage-backed securities	6,275		40		77		6,238
	Total securities available-for-sale	$	14,275	$	52	$	102	$	14,225
	Securities Held-to-Maturity
	Debt securities issued by U.S. Government corporations and agencies	$	5,000	$	—	$	90	$	4,910
	Mortgage-backed securities	27,054		287		146		27,195
	Total securities held-to-maturity	$	32,054	$	287	$	236	$	32,105
	As of June 30, 2014 and September 30, 2013, all mortgage-backed securities held by the Company were issued by FHLMC, GNMA or FNMA.
	The scheduled maturities of debt securities were as follows as of June 30, 2014.  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.
		Available-for-Sale				Held-to-Maturity
		Amortized		Fair		Amortized		Fair
		Cost		Value		Cost		Value
		(Unaudited)
		(In thousands)
	Due after 1 year through 5 years	$	—	$	—	$	5,000	$	4,960
		—		—		5,000		4,960
	Mortgage-backed securities	9,267		9,298		33,557		33,822
		$	9,267	$	9,298	$	38,557	$	38,782
	There were no sales of securities available-for-sale or held-to-maturity, during the three months ended June 30, 2014.  During the nine months ended June 30, 2014, proceeds from sales of securities available-for-sale amounted to $6,003,000 with gross realized gains of $6,000 and gross realized losses of $3,000.  During the three and nine months ended June 30, 2013, there were no sales of securities available-for-sale or securities held-to-maturity.
	There were no securities of issuers with an amortized cost basis or fair value that exceeded 10% of stockholders’ equity as of June 30, 2014 and September 30, 2013.
	As of June 30, 2014 and September 30, 2013, securities with carrying amounts totaling $9,298,000 and $14,225,000, respectively, were pledged to secure FHLB advances.
	The aggregate fair value and unrealized losses of securities that have been in a continuous loss position for less than twelve months and for twelve months or longer, and are not other than temporarily impaired, are as follows:
		Less Than Twelve Months				Twelve Months or Longer
		Gross				Gross
		Unrealized		Fair		Unrealized		Fair
		Losses		Value		Losses		Value
		(Unaudited)
		(In thousands)
	June 30, 2014:
	Securities Available-for-Sale
	Mortgage-backed securities	$	—	$	—	$	41	$	4,420
		$	—	$	—	$	41	$	4,420
	Securities Held-to-Maturity
	Debt securities issued by U.S. Government corporations and agencies	$	—	$	—	$	40	$	4,960
	Mortgage-backed securities	3		2,142		90		3,598
		$	3	$	2,142	$	130	$	8,558
		Less Than Twelve Months				Twelve Months or Longer
		Gross				Gross
		Unrealized		Fair		Unrealized		Fair
		Losses		Value		Losses		Value
		(In thousands)
	September 30, 2013:
Securities Available-for-Sale
Debt securities issued by U.S. Government corporations and agencies	$	25	$	3,976	$	—	$	—
Mortgage-backed securities	77		4,929		—		—
	$	102	$	8,905	$	—	$	—
Securities Held-to-Maturity
Debt securities issued by U.S. Government corporations and agencies	$	90	$	4,910	$	—	$	—
Mortgage-backed securities	146		8,388		—		—
	$	236	$	13,298	$	—	$	—
At June 30, 2014, 2 debt securities had unrealized losses for less than twelve months with aggregate depreciation of 0.1% from the amortized cost of these securities and 12 debt securities had unrealized losses for twelve months or longer with aggregate depreciation of 1.3% from the amortized cost of these securities.
At September 30, 2013, 18 debt securities had unrealized losses for less than twelve months with aggregate depreciation of 1.5% from the amortized cost of these securities.
Each reporting period the Company evaluates all securities with a decline in fair value below the amortized cost of the investment to determine whether or not the impairment is deemed to be other-than-temporary (“OTTI”).  OTTI is required to be recognized if (1) the Company intends to sell the security or (2) it is “more likely than not” that the Company will be required to sell the security before recovery of its amortized cost basis.  For impaired debt securities that the Company intends to sell, or more likely than not will be required to sell, the full amount of the impairment is recognized as OTTI through earnings.  For all other impaired debt securities, credit-related OTTI is recognized through earnings and non-credit related OTTI is recognized in other comprehensive income, net of applicable taxes.
At June 30, 2014, the unrealized losses on the Company’s debt securities issued by U.S. Government corporations and agencies and mortgage-backed securities were attributable to changes in market interest rates.  These securities are guaranteed or issued by government-sponsored enterprises with strong credit ratings.  The Company does not anticipate selling any of these securities and it is more likely than not that the Company will not be required to sell the securities before recovery of their amortized cost basis or maturity.  Based on the review of the investment portfolio, the Company did not consider these securities to be other-than-temporarily impaired at June 30, 2014.
At September 30, 2013, the unrealized losses on the Company’s debt securities issued by U.S. Government corporations and agencies and mortgage-backed securities were attributable to changes in market interest rates.  These securities are guaranteed or issued by government-sponsored enterprises with strong credit ratings.  The Company does not anticipate selling any of these securities and it is more likely than not that the Company will not be required to sell the securities before recovery of their amortized cost basis or maturity.  Based on the review of the investment portfolio, the Company did not consider these securities to be other-than-temporarily impaired at September 30, 2013.

LOANS_AND_ALLOWANCE_FOR_LOAN_L

LOANS AND ALLOWANCE FOR LOAN LOSSES	9 Months Ended
	Jun. 30, 2014
LOANS AND ALLOWANCE FOR LOAN LOSSES	'
LOANS AND ALLOWANCE FOR LOAN LOSSES	'
	NOTE 5 — LOANS AND ALLOWANCE FOR LOAN LOSSES
	Loans
	Loans receivable that management has the intent and ability to hold until maturity or payoff are reported at their outstanding principal balances adjusted for amounts due to borrowers on unadvanced loans, any charge-offs, the allowance for loan losses and any deferred fees or costs on originated loans, or unamortized premiums or discounts on purchased loans.  Interest on loans is recognized on a simple interest basis.  Loan origination and commitment fees and certain direct origination costs are deferred and the net amount amortized as an adjustment of the related loan’s yield.  The Company is amortizing these amounts over the contractual lives of the related loans.
	The following table sets forth the composition of the Company’s loan portfolio at the dates indicated:
		June 30, 2014					September 30, 2013
		Amount			Percent		Amount			Percent
		(Unaudited)
		(Dollars in thousands)					(Dollars in thousands)
	Mortgage loans:
	Residential loans:
	One-to four-family	$	331,384		66.7	%	$	308,917		65.8	%
	Multi-family	73,791			14.9		68,021			14.5
	Commercial real estate	56,103			11.3		60,467			12.9
	Construction loans	20,778			4.2		17,148			3.7
	Total mortgage loans	482,056			97.1		454,553			96.9
	Consumer loans	4,506			0.9		5,359			1.1
	Commercial loans	9,844			2		9,419			2
	Total loans	496,406			100	%	469,331			100	%
	Deferred loan origination costs, net	1,002					755
	Allowance for loan losses	(4,023		)			(4,037		)
	Loans, net	$	493,385				$	466,049
	Allowance for Loan Losses
	The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to earnings.  Loan losses are charged against the allowance when management believes the uncollectibility of a loan balance is confirmed.  Subsequent recoveries, if any, are credited to the allowance.
	The allowance for loan losses is evaluated on a regular basis by management and is based upon management’s periodic review of the collectibility of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral and prevailing economic conditions.  This evaluation is inherently subjective, as it requires estimates that are susceptible to significant revision as more information becomes available.
	General Component
	The general component of the allowance for loan losses is based on historical loss experience adjusted for qualitative factors stratified by the following loan segments: residential loans, commercial real estate, construction, consumer and commercial.  Management uses a rolling average of historical losses based on a time frame appropriate to capture relevant loss data for each loan segment.  This historical loss factor is adjusted for the following qualitative factors: levels/trends in delinquencies; trends in volume and terms of loans; effects of changes in risk selection and underwriting standards and other changes in lending policies, procedures and practices; experience/ability/depth of lending management and staff; and national and local economic trends and conditions.
	The qualitative factors are determined based on the various risk characteristics of each loan segment.  Risk characteristics relevant to each portfolio segment are as follows:
	Residential loans: The Company generally does not originate loans with a loan-to-value ratio greater than 80 percent.  All loans in this segment are collateralized by residential real estate and repayment is dependent on the credit quality of the individual borrower.  The overall health of the economy, including unemployment rates and housing prices, will have an effect on the credit quality in this segment.
	Commercial real estate: Loans in this segment are primarily income-producing properties throughout Eastern Massachusetts.  The underlying cash flows generated by the properties are adversely impacted by a downturn in the economy as evidenced by increased vacancy rates, which in turn, will have an effect on the credit quality in this segment.  Management periodically obtains rent rolls and continually monitors the cash flows of these loans.
	Construction loans: Loans in this segment primarily include speculative real estate development loans for which payment is derived from sale of the property.  Credit risk is affected by cost overruns, time to sell at an adequate price and market conditions.
	Consumer loans: Loans in this segment are generally unsecured and repayment is dependent on the credit quality of the individual borrower.
	Commercial loans: Loans in this segment are made to businesses and are generally secured by assets of the business.  Repayment is expected from the cash flows of the business.  A weakened economy, and resultant decreased consumer spending, will have an effect on the credit quality in this segment.
	Allocated Component
	The allocated component relates to loans that are classified as impaired.  Impairment is measured on a loan by loan basis for commercial, commercial real estate and construction loans by either the present value of expected future cash flows discounted at the loan’s effective interest rate, except that as a practical expedient, based on the loan’s observable market price or the fair value of the collateral if the loan is collateral dependent.  An allowance is established when the discounted cash flow (observable market price or collateral value) of the impaired loan is lower than the recorded investment of that loan.  Large groups of smaller balance homogeneous loans are collectively evaluated for impairment.  Accordingly, the Company does not separately identify individual consumer and residential real estate loans for impairment evaluation, unless such loans are subject to a troubled debt restructuring agreement or have been identified as impaired as part of a larger customer relationship.
	A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement.  Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due.  Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired.  Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed.
	Unallocated Component
	An unallocated component is maintained to cover uncertainties that could affect management’s estimate of probable losses.  The unallocated component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating allocated and general reserves in the portfolio.
	The following tables set forth information pertaining to the allowance for loan losses and principal balance of loans by portfolio segment:
		Three and Nine Months Ended June 30, 2014
		Mortgage Loans												Other
		Residential Loans
		One-to Four-			Multi-family			Commercial			Construction			Consumer			Commercial			Unallocated			Total
		family						Real Estate			Loans			Loans			Loans
		(Unaudited)
		(In thousands)
	Allowance for loan losses:
	Three months ended June 30, 2014:
	Balance at beginning of period	$	2,053		$	765		$	646		$	333		$	73		$	126		$	34		$	4,030
	Provision (benefit) for loan losses	17			25			(7		)	(25		)	1			(32		)	21			—
	Recoveries of loans previously charged-off	—			—			—			—			4			45			—			49
		2,070			790			639			308			78			139			55			4,079
	Loans charged-off	(48		)	—			—			—			(8		)	—			—			(56		)
	Balance at end of period	$	2,022		$	790		$	639		$	308		$	70		$	139		$	55		$	4,023
	Nine months ended June 30, 2014:
	Balance at beginning of period	$	1,930		$	728		$	719		$	249		$	86		$	135		$	190		$	4,037
	Provision (benefit) for loan losses	161			62			(80		)	59			(10		)	(57		)	(135		)	—
	Recoveries of loans previously charged-off	—			—			—			—			11			61			—			72
		2,091			790			639			308			87			139			55			4,109
	Loans charged-off	(69		)	—			—			—			(17		)	—			—			(86		)
	Balance at end of period	$	2,022		$	790		$	639		$	308		$	70		$	139		$	55		$	4,023
	As of June 30, 2014:
	Individually evaluated for impairment	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
	Collectively evaluated for impairment	2,022			790			639			308			70			139			55			4,023
	$	2,022		$	790		$	639		$	308		$	70		$	139		$	55		$	4,023
Loans ending balances:
Individually evaluated for impairment	$	—		$	—		$	301		$	—		$	—		$	—					$	301
Collectively evaluated for impairment	331,384			73,791			55,802			20,778			4,506			9,844						496,105
	$	331,384		$	73,791		$	56,103		$	20,778		$	4,506		$	9,844					$	496,406
	Three and Nine Months Ended June 30, 2013
	Mortgage Loans												Other
	Residential Loans
	One-to Four-			Multi-family			Commercial			Construction			Consumer			Commercial			Unallocated			Total
	family						Real Estate			Loans			Loans			Loans
	(Unaudited)
	(In thousands)
Allowance for loan losses:
Three months ended June 30, 2013:
Balance at beginning of period	$	1,936		$	763		$	737		$	219		$	116		$	102		$	185		$	4,058
Provision (benefit) for loan losses	(59		)	(39		)	(46		)	—			(20		)	54			110			—
Recoveries of loans previously charged-off	1			—			—			—			2			—			—			3
	1,878			724			691			219			98			156			295			4,061
Loans charged-off	—			—			—			—			(9		)	(27		)	—			(36		)
Balance at end of period	$	1,878		$	724		$	691		$	219		$	89		$	129		$	295		$	4,025
Nine months ended June 30, 2013:
Balance at beginning of period	$	1,847		$	759		$	768		$	134		$	157		$	93		$	133		$	3,891
Provision (benefit) for loan losses	55			(35		)	(77		)	85			(53		)	63			162			200
Recoveries of loans previously charged-off	1			—			—			—			6			1			—			8
	1,903			724			691			219			110			157			295			4,099
Loans charged-off	(25		)	—			—			—			(21		)	(28		)	—			(74		)
Balance at end of period	$	1,878		$	724		$	691		$	219		$	89		$	129		$	295		$	4,025
As of June 30, 2013:
Individually evaluated for impairment	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Collectively evaluated for impairment	1,878			724			691			219			89			129			295			4,025
	$	1,878		$	724		$	691		$	219		$	89		$	129		$	295		$	4,025
Loans ending balances:
Individually evaluated for impairment	$	—		$	155		$	303		$	—		$	—		$	10					$	468
Collectively evaluated for impairment	302,893			66,860			55,457			15,101			5,788			10,066						456,165
	$	302,893		$	67,015		$	55,760		$	15,101		$	5,788		$	10,076					$	456,633
	Year Ended September 30, 2013
	Mortgage Loans												Other
	Residential Loans
	One-to Four-			Multi-family			Commercial			Construction			Consumer			Commercial			Unallocated			Total
	family						Real Estate			Loans			Loans			Loans
	(In thousands)
Allowance for loan losses:
Balance at beginning of year	$	1,847		$	759		$	768		$	134		$	157		$	93		$	133		$	3,891
Provision (benefit) for loan losses	107			(31		)	(49		)	115			(57		)	58			57			200
Recoveries of loans previously charged-off	1			—			—			—			8			12			—			21
	1,955			728			719			249			108			163			190			4,112
Loans charged-off	(25		)	—			—			—			(22		)	(28		)	—			(75		)
Balance at end of year	$	1,930		$	728		$	719		$	249		$	86		$	135		$	190		$	4,037
Individually evaluated for impairment	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Collectively evaluated for impairment	1,930			728			719			249			86			135			190			4,037
	$	1,930		$	728		$	719		$	249		$	86		$	135		$	190		$	4,037
Loans ending balances:
Individually evaluated for impairment	$	—		$	—		$	303		$	—		$	—		$	9					$	312
Collectively evaluated for impairment	308,917			68,021			60,164			17,148			5,359			9,410						469,019
	$	308,917		$	68,021		$	60,467		$	17,148		$	5,359		$	9,419					$	469,331
Non-accrual and Past-due Loans
Residential loans are generally placed on non-accrual when reaching 90 days past due or in process of foreclosure.  All closed-end consumer loans 90 days or more past due and any equity line reaching 90 days past due or in the process of foreclosure are placed on non-accrual status.  Secured consumer loans are written down to realizable value and unsecured consumer loans are charged off upon reaching 120 or 180 days past due depending on the type of loan.  Commercial real estate loans and commercial business loans which are 90 days or more past due are generally placed on non-accrual status, unless adequately secured and in the process of collection.  When a loan has been placed on non-accrual status, previously accrued and uncollected interest is reversed against interest on loans.  A loan can be returned to accrual status when collectibility of all contractual principal and interest is reasonably assured and the loan has performed for a period of time, generally six months.
The following tables set forth information regarding non-accrual and past-due loans:
	Age Analysis of Past Due Loans
	June 30, 2014
							90 Days												Total
	30-59 Days			60-89 Days			or More			Total						Total			Non-Accrual
	Past Due			Past Due			Past Due			Past Due			Current			Loans			Loans
	(Unaudited)
	(In thousands)
Mortgage loans:
Residential loans:
One-to four-family	$	100		$	632		$	1,497		$	2,229		$	329,155		$	331,384		$	1,497
Multi-family	449			—			—			449			73,342			73,791			—
Commercial real estate	—			314			—			314			55,789			56,103			—
Construction loans	—			—			—			—			20,778			20,778			—
Total mortgage loans	549			946			1,497			2,992			479,064			482,056			1,497
Consumer loans	2			2			27			31			4,475			4,506			27
Commercial loans	—			—			—			—			9,844			9,844			—
Total	$	551		$	948		$	1,524		$	3,023		$	493,383		$	496,406		$	1,524
	Age Analysis of Past Due Loans
	September 30, 2013
							90 Days												Total
	30-59 Days			60-89 Days			or More			Total						Total			Non-Accrual
	Past Due			Past Due			Past Due			Past Due			Current			Loans			Loans
	(In thousands)
Mortgage loans:
Residential loans:
One-to four-family	$	—		$	629		$	1,846		$	2,475		$	306,442		$	308,917		$	1,846
Multi-family	—			—			—			—			68,021			68,021			—
Commercial real estate	—			—			—			—			60,467			60,467			—
Construction loans	—			—			—			—			17,148			17,148			—
Total mortgage loans	—			629			1,846			2,475			452,078			454,553			1,846
Consumer loans	26			5			—			31			5,328			5,359			—
Commercial loans	1			—			—			1			9,418			9,419			—
Total	$	27		$	634		$	1,846		$	2,507		$	466,824		$	469,331		$	1,846
There were no loans greater than 90 days past due and still accruing at June 30, 2014 and September 30, 2013.
Impaired Loans
Cash receipts of interest income on impaired loans are credited to principal to the extent necessary to eliminate doubt as to the collectability of the net carrying amount of the loan.  Some or all of the cash receipts of interest income on impaired loans is recognized as interest income if the remaining net carrying amount of the loan is deemed to be fully collectible.  When recognition of interest income on an impaired loan on a cash basis is appropriate, the amount of income that is recognized is limited to that which would have been accrued on the net carrying amount of the loan at the contractual interest rate.
Any cash interest payments received in excess of the limit and not applied to reduce the net carrying amount of the loan are recorded as recoveries of charge-offs until the charge-offs are fully recovered.
Information about loans that meet the definition of an impaired loan in ASC 310-10-35 is as follows:
	June 30, 2014									September 30, 2013
				Unpaid			Related						Unpaid			Related
	Recorded			Principal			Valuation			Recorded			Principal			Valuation
	Investment			Balance			Allowance			Investment			Balance			Allowance
				(Unaudited)
				(In thousands)									(In thousands)
Impaired loans without a valuation allowance:
Mortgage loans:
Residential loans:
One-to four-family	$	—		$	—		$	—		$	—		$	—		$	—
Multi-family	—			—			—			—			—			—
Commercial real estate	301			301			—			303			303			—
Construction loans	—			—			—			—			—			—
Consumer loans	—			—			—			—			—			—
Commercial loans	—			—			—			9			9			—
	$	301		$	301		$	—		$	312		$	312		$	—
	Three Months Ended June 30,
	2014									2013
	Average									Average
	Recorded			Interest Income Recognized						Recorded			Interest Income Recognized
	Investment			Total			Cash Basis			Investment			Total			Cash Basis
	(Unaudited)
	(In thousands)
Impaired loans without a valuation allowance:
Mortgage loans:
Residential loans:
One-to four-family	$	—		$	—		$	—		$	—		$	—		$	—
Multi-family	—			—			—			156			1			—
Commercial real estate	301			5			—			824			71			68
Construction loans	—			—			—			—			—			—
Consumer loans	—			—			—			—			—			—
Commercial loans	—			—			—			10			—			—
	$	301		$	5		$	—		$	990		$	72		$	68
																			Year Ended
	Nine Months Ended June 30,																		September 30,
	2014									2013									2013
	Average									Average									Average
	Recorded			Interest Income Recognized						Recorded			Interest Income Recognized						Recorded
	Investment			Total			Cash Basis			Investment			Total			Cash Basis			Investment
	(Unaudited)
	(In thousands)																		(In thousands)
Impaired loans without a valuation allowance:
Mortgage loans:
Residential loans:
One-to four-family	$	—		$	—		$	—		$	—		$	—		$	—		$	—
Multi-family	—			—			—			826			35			—			635
Commercial real estate	302			15			—			1,132			71			68			941
Construction loans	—			—			—			16			1			—			12
Consumer loans	—			—			—			—			—			—			—
Commercial loans	1			—			—			12			1			—			12
	$	303		$	15		$	—		$	1,986		$	108		$	68		$	1,600
At June 30, 2014 and 2013 and September 30, 2013, there were no impaired loans with a valuation allowance.  As of June 30, 2014 and 2013 and September 30, 2013, no additional funds were committed to be advanced to borrowers with impaired loans.
Troubled Debt Restructurings
The Company periodically may agree to modify the contractual terms of loans.  When a loan is modified and a concession is made to a borrower experiencing financial difficulty, the modification is considered a troubled debt restructuring (“TDR”).  Such concessions typically include a reduction of an interest rate to a below market rate, taking into account the credit quality of the borrower, a significant reduction or deferral of payments of principal and/or interest or an extension of the maturity date.  All TDRs are initially classified as impaired.
The following table sets forth information pertaining to TDRs entered into during the periods indicated:
	Three Months Ended June 30,
	2014								2013
	Number of		Pre-			Post-			Number of		Pre-			Post-
	Contracts		modification			modification			Contracts		modification			modification
			Outstanding			Outstanding					Outstanding			Outstanding
			Recorded			Recorded					Recorded			Recorded
			Investment			Investment					Investment			Investment
	(Unaudited)
	(Dollars in thousands)
Troubled Debt Restructurings:
Multi-family	—		$	—		$	—		—		$	—		$	—
Commercial real estate	—		—			—			1		303			303
Construction	—		—			—			—		—			—
	—		$	—		$	—		1		$	303		$	303
	Nine Months Ended June 30,
	2014								2013
	Number of		Pre-			Post-			Number of		Pre-			Post-
	Contracts		modification			modification			Contracts		modification			modification
			Outstanding			Outstanding					Outstanding			Outstanding
			Recorded			Recorded					Recorded			Recorded
			Investment			Investment					Investment			Investment
	(Unaudited)
	(Dollars in thousands)
Troubled Debt Restructurings:
Multi-family	—		$	—		$	—		1		$	522		$	—
Commercial real estate	—		—			—			1		303			303
Construction	—		—			—			1		79			—
	—		$	—		$	—		3		$	904		$	303
There were no loans modified as part of a TDR during the three months ended June 30, 2014.  During the three months ended June 30, 2014, there were no loans modified as a TDR within the previous 12 months that subsequently defaulted.
During the three months ended June 30, 2013, the Company modified an existing accruing commercial real estate loan with an outstanding balance of $303,000 as part of a TDR.  In this case, the Company capitalized all past due interest and provided for interest only for four months.  During the three months ended June 30, 2013, there were no loans modified as a TDR within the previous 12 months that subsequently defaulted.
There were no loans modified as part of a TDR during the nine months ended June 30, 2014.  During the nine months ended June 30, 2014, there were no loans modified as a TDR within the previous 12 months that subsequently defaulted.
During the nine months ended June 30, 2013, the Company advanced $79,000 in additional funds to complete construction on three remaining units on an existing multi-family condominium loan with an outstanding balance of $522,000.  During the second fiscal 2013 quarter, the multi-family and construction loan paid off and all delinquent principal and interest was recovered.  During the nine months ended June 30, 2013, there were no loans modified as a TDR within the previous 12 months that subsequently defaulted.
At June 30, 2014, TDRs amounted to $301,000 and consisted of an existing commercial real estate loan that was modified prior to September 30, 2013.  In this case, the Company capitalized all past due interest and provided for interest only for four months.  As of June 30, 2014, the loan was accruing and performing in accordance with its modified terms and conditions.
At September 30, 2013, TDRs amounted to $303,000 and consisted of one commercial real estate loan, noted above, that was accruing and performing in accordance with its modified terms and conditions.
At June 30, 2014 and September 30, 2013, none of the allowance for loan losses was allocated to TDRs and the identification of these loans as TDRs did not have a material impact on the allowance for loan losses.  There were no commitments to lend additional funds to borrowers with troubled debt restructured loans at June 30, 2014 and September 30, 2013.
Credit Quality Indicators
The Company utilizes an eight grade internal loan rating system for loans as follows:
Loans rated 1-4:  Loans in these categories are considered “pass” rated loans with low to average risk.
Loans rated 5:  Loans in this category are considered “special mention.”  These loans are starting to show signs of potential weakness and are being closely monitored by management.
Loans rated 6:  Loans in this category are considered “substandard.”  Generally, a loan is considered substandard if it is inadequately protected by the current net worth and paying capacity of the obligors and/or the collateral pledged.  There is a distinct possibility that the Company will sustain some loss if the weakness is not corrected.
Loans rated 7:  Loans in this category are considered “doubtful.”  Loans classified as doubtful have all the weakness inherent in those classified substandard with the added characteristic that the weakness makes collection or liquidation in full, on the basis of currently existing facts, highly questionable and improbable.
Loans rated 8:  Loans in this category are considered “loss” and of such little value that their continuance as loans is not warranted.
On an annual basis, or more often if needed, the Company formally reviews the loan risk rating on all multi-family, commercial real estate, construction and commercial loans.  At least annually, the Company engages an independent third-party to review a significant portion of loans within these loan segments.  Management uses the results of the independent review as part of its annual review process.  For all one-to four-family residential loans and consumer loans, the Company initially assesses credit quality based upon the borrower’s ability to service the debt and subsequently monitors these loans based upon the borrower’s payment activity.
The following is a summary of the Company’s loan portfolio by risk rating:
	Credit Risk Profile by Credit Worthiness Category
	June 30, 2014
	Mortgage Loans												Other
	Residential Loans
	One-to Four-			Multi-			Commercial			Construction			Consumer			Commercial			Total
	family			family			Real Estate			Loans			Loans			Loans
	(Unaudited)
	(In thousands)
Pass	$	328,631		$	73,791		$	53,952		$	20,778		$	4,506		$	9,088		$	490,746
Special Mention	—			—			1,537			—			—			750			2,287
Substandard	2,753			—			614			—			—			6			3,373
Doubtful	—			—			—			—			—			—			—
Loss	—			—			—			—			—			—			—
Total	$	331,384		$	73,791		$	56,103		$	20,778		$	4,506		$	9,844		$	496,406
	Credit Risk Profile by Credit Worthiness Category
	September 30, 2013
	Mortgage Loans												Other
	Residential Loans
	One-to Four-			Multi-			Commercial			Construction			Consumer			Commercial			Total
	family			family			Real Estate			Loans			Loans			Loans
	(In thousands)
Pass	$	306,055		$	68,021		$	57,581		$	17,148		$	5,359		$	8,710		$	462,874
Special Mention	—			—			1,657			—			—			700			2,357
Substandard	2,862			—			1,229			—			—			9			4,100
Doubtful	—			—			—			—			—			—			—
Loss	—			—			—			—			—			—			—
Total	$	308,917		$	68,021		$	60,467		$	17,148		$	5,359		$	9,419		$	469,331

FAIR_VALUE_MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
	Jun. 30, 2014
FAIR VALUE MEASUREMENTS	'
FAIR VALUE MEASUREMENTS	'
	NOTE 6 - FAIR VALUE MEASUREMENTS
	ASC 820-10, “Fair Value Measurements and Disclosures,” provides a framework for measuring fair value under generally accepted accounting principles.  This guidance also allows an entity the irrevocable option to elect fair value for the initial and subsequent measurement for certain financial assets and liabilities on a contract-by-contract basis.
	In accordance with ASC 820-10, the Company groups its financial assets and financial liabilities measured at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value.
	Level 1 - Valuations for assets and liabilities traded in active exchange markets, such as the New York Stock Exchange.  Valuations are obtained from readily available pricing sources for market transactions involving identical assets or liabilities.
	Level 2 - Valuations for assets and liabilities traded in less active dealer or broker markets.  Valuations are obtained from third party pricing services for identical or comparable assets or liabilities.
	Level 3 - Valuations for assets and liabilities that are derived from other methodologies, including option pricing models, discounted cash flow models and similar techniques, and are not based on market exchange, dealer, or broker traded transactions.  Level 3 valuations incorporate certain assumptions and projections in determining the fair value assigned to such assets and liabilities.
	A financial instrument’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement.
	A description of the valuation methodologies used for instruments measured at fair value, as well as the general classification of such instruments pursuant to the valuation hierarchy, is set forth below.  These valuation methodologies were applied to all of the Company’s financial assets and financial liabilities carried at fair value for June 30, 2014 and September 30, 2013.
	The Company’s trading securities are generally classified within level 1 or level 2 of the fair value hierarchy because they are valued using quoted market prices, broker or dealer quotations, or alternative pricing sources with reasonable levels of price transparency.
	The Company’s investment in securities available-for-sale is generally classified within level 2 of the fair value hierarchy.  For these securities, we obtain fair value measurements from independent pricing services.  The fair value measurements consider observable data that may include dealer quotes, market spreads, cash flows, the U.S. treasury yield curve, trading levels, market consensus prepayment speeds, credit information and the instrument’s terms and conditions.
	Level 3 is for positions that are not traded in active markets or are subject to transfer restrictions, valuations are adjusted to reflect illiquidity and/or non-transferability, and such adjustments are generally based on available market evidence.  In the absence of such evidence, management’s best estimate is used.  Subsequent to inception, management only changes level 3 inputs and assumptions when corroborated by evidence such as transactions in similar instruments, completed or pending third-party transactions in the underlying investment or comparable entities, subsequent rounds of financing, recapitalization and other transactions across the capital structure, offerings in the equity or debt markets, and changes in financial ratios or cash flows.
	The Company’s impaired loans are reported at the fair value of the underlying collateral if repayment is expected solely from the collateral.  Collateral values are estimated using level 2 inputs based upon appraisals of similar properties obtained from a third party.
	The Company’s other real estate owned values are estimated using level 2 inputs based upon appraisals of similar properties from a third party.  For level 3 inputs fair values are based on management’s estimates.
	The following summarizes assets measured at fair value at June 30, 2014 and September 30, 2013:
	Assets Measured at Fair Value on a Recurring Basis
		June 30, 2014
		Level 1		Level 2		Level 3		Fair Value
		(Unaudited)
		(In thousands)
	Trading securities	$	560	$	—	$	—	$	560
	Securities available-for-sale:
	Mortgage-backed securities	—		9,298		—		9,298
	Total assets	$	560	$	9,298	$	—	$	9,858
		September 30, 2013
		Level 1		Level 2		Level 3		Fair Value
		(In thousands)
	Trading securities	$	1,048	$	—	$	—	$	1,048
	Securities available-for-sale:
	Debt securities issued by U.S. Government corporations and agencies	—		7,987		—		7,987
	Mortgage-backed securities	—		6,238		—		6,238
	Total assets	$	1,048	$	14,225	$	—	$	15,273
	Assets Measured at Fair Value on a Nonrecurring Basis
	Under certain circumstances we make adjustments to fair value for our assets and liabilities although they are not measured at fair value on an ongoing basis.  There were no assets or liabilities carried on the consolidated balance sheet by caption and by level in the fair value hierarchy at June 30, 2014 and September 30, 2013, for which a nonrecurring change in fair value has been recorded.
	There were no significant transfers in and out of Level 1 and 2 during the three and nine months ended June 30, 2014 and 2013 and fiscal year ended September 30, 2013.
	Summary of Fair Value of Financial Instruments
	The estimated fair values, and related carrying amounts, of the Company’s financial instruments are as follows:
		June 30, 2014
		Carrying		Fair Value
		Amount		Level 1		Level 2		Level 3		Total
		(Unaudited)
		(In thousands)
	Financial assets:
	Cash and cash equivalents	$	28,433	$	28,433	$	—	$	—	$	28,433
	Trading securities	560		560		—		—		560
	Securities available-for-sale	9,298		—		9,298		—		9,298
	Securities held-to-maturity	38,557		—		38,782		—		38,782
	Federal Home Loan Bank stock	4,252		—		—		4,252		4,252
	Loans, net	493,385		—		—		493,446		493,446
	Accrued interest receivable	1,496		—		—		1,496		1,496
	Financial liabilities:
	Deposits	434,543		—		—		434,856		434,856
	Short-term borrowings	2,000		—		—		2,000		2,000
	Long-term debt	57,000		—		—		57,165		57,165
		September 30, 2013
		Carrying		Fair Value
		Amount		Level 1		Level 2		Level 3		Total
		(In thousands)
	Financial assets:
	Cash and cash equivalents	$	37,134	$	37,134	$	—	$	—	$	37,134
	Trading securities	1,048		1,048		—		—		1,048
	Securities available-for-sale	14,225		—		14,225		—		14,225
	Securities held-to-maturity	32,054		—		32,105		—		32,105
	Federal Home Loan Bank stock	3,775		—		—		3,775		3,775
Loans, net	466,049		—		—		466,899		466,899
Accrued interest receivable	1,448		—		—		1,448		1,448
Financial liabilities:
Deposits	425,093		—		—		425,536		425,536
Short-term borrowings	6,000		—		—		6,000		6,000
Long-term debt	38,000		—		—		38,168		38,168

EARNINGS_PER_SHARE

EARNINGS PER SHARE	9 Months Ended
	Jun. 30, 2014
EARNINGS PER SHARE	'
EARNINGS PER SHARE	'
	NOTE 7 — EARNINGS PER SHARE
	The Company defines unvested share-based payment awards that contain nonforfeitable rights to dividends as participating securities that are included in computing Earnings Per Share (“EPS”) using the two-class method.  The two-class method is an earnings allocation formula that determines EPS for each share of common stock and participating securities according to dividends declared and participation rights in undistributed earnings.  Under this method, all earnings (distributed and undistributed) are allocated to common shares and participating securities based on their respective rights to receive dividends.  Earnings per common share is calculated by dividing earnings allocated to common stockholders by the weighted-average number of common shares outstanding during the period.  Basic EPS excludes dilution and is computed by dividing income allocated to common stockholders by the weighted-average number of common shares outstanding for the period.  Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the entity.
	The following table sets forth the computation of EPS (basic and diluted) for the periods indicated:
		Three Months Ended						Nine Months Ended
		June 30,						June 30,
		2014			2013			2014			2013
		(Unaudited)
		(Dollars in thousands, except per share data)
	Net income applicable to common stock	$	539		$	598		$	1,607		$	1,824
	Less: Undistributed earnings allocated to participating securities	(19		)	(21		)	(61		)	(67		)
	Net income allocated to common stock	$	520		$	577		$	1,546		$	1,757
	Average number of common shares issued	6,262,709			6,559,335			6,372,588			6,624,241
	Less: Average unallocated ESOP shares	(449,836		)	(478,402		)	(457,004		)	(485,570		)
	Less: Average unvested restricted stock awards	(201,786		)	(211,120		)	(225,379		)	(225,257		)
	Average number of common shares outstanding used to calculate basic earnings per common share	5,611,087			5,869,813			5,690,205			5,913,414
	Add: Dilutive effect of unvested restricted stock awards	58,818			35,239			52,724			37,056
	Add: Dilutive effect of stock options	8,438			—			2,813			—
	Average number of common shares outstanding used to calculate diluted earnings per common share	5,678,343			5,905,052			5,745,742			5,950,470
	Earnings per common share (basic and diluted)	$	0.09		$	0.1		$	0.27		$	0.3
	For the three and nine months ended June 30, 2014, stock options to purchase 58,255 shares were not included in the computation of diluted earnings per share because to do so would have been antidilutive.  For the three and nine months ended June 30, 2013, stock options to purchase 642,735 shares were not included in the computation of diluted earnings per share because to do so would have been antidilutive.

EMPLOYEE_BENEFIT_PLANS

EMPLOYEE BENEFIT PLANS	9 Months Ended
	Jun. 30, 2014
EMPLOYEE BENEFIT PLANS	'
EMPLOYEE BENEFIT PLANS	'
	NOTE 8 — EMPLOYEE BENEFIT PLANS
	Employee Stock Ownership Plan
	The Bank established an ESOP to provide eligible employees the opportunity to own Company stock.  As part of the Bank’s mutual to stock conversion, the Company invested in a subsidiary, PFC.  PFC used the proceeds from the investment to fund a loan to the Peoples Federal Savings Bank Employee Stock Ownership Plan Trust (the “Trust”) in the amount of $5,713,000, which was used to purchase 571,320 shares of the Company’s common stock at a price of $10.00 per share.  The loan bears an interest rate equal to the Wall Street Journal Prime Rate, adjusted annually, and provides for annual payments of interest and principal over the 20 year term of the loan.  Currently, the interest rate is 3.25%.
	The Bank has committed to make contributions to the ESOP sufficient to support the debt service of the loan.  The loan is secured by the shares purchased, which are held in a suspense account until released for allocation to the participants, as principal and interest payments are made by the ESOP to the Company.  Shares released are allocated to each eligible participant based on the ratio of each such participant’s compensation, as defined in the ESOP, to the total compensation of all eligible plan participants.  Forfeited shares shall be reallocated among other participants in the Plan.  Cash dividends paid on allocated shares will be distributed, at the direction of the Bank, to participants’ accounts or used to repay the principal and interest on the ESOP loan used to acquire Company stock on which dividends were paid.  Cash dividends on unallocated shares will be used to repay the outstanding debt of the ESOP.
	As ESOP shares are earned by the participants, the Company recognizes compensation expense equal to the fair value of the earned ESOP shares during the period in which they become committed to be released.
	Compensation expense recognized in connection with the ESOP for the three and nine months ended June 30, 2014 and 2013 follows:
		Three Months Ended						Nine Months Ended
		June 30,						June 30,
		2014			2013			2014			2013
		(Unaudited)
		(In thousands)
	ESOP expense	$	131		$	132		$	384		$	380
	Shares held by the ESOP trust include the following:
		June 30,		September 30,
		2014		2013
		(Unaudited)
	Allocated	111,887		83,321
	Committed to be released	14,283		21,425
	Unallocated	442,773		464,197
		568,943		568,943
	The fair value of the unallocated shares was $8,437,000 and $8,460,000 at June 30, 2014 and September 30, 2013, respectively.
	Stock Option Plan
	Under the Company’s 2011 Equity Incentive Plan (the “Stock Plan”), the Company may grant stock options to its directors and employees for up to 999,810 shares of its common stock, reduced by the number of restricted stock awards and restricted stock unit awards granted.  Both incentive stock options and non-qualified stock options may be granted under the Stock Plan.  The exercise price of each stock option shall not be less than the fair market value of the Company’s common stock on the date of the grant and the maximum term of each option is ten years (or five years with respect to incentive stock options granted to an employee who is a 10% stockholder).  There are no further shares available for grant under the Stock Plan.
	On August 20, 2013, in accordance with the Stock Plan, the Company granted 58,255 stock options to its directors and certain employees of the Company.  The fair value of the stock options granted on August 20, 2013 was $2.37 per share.  The stock options vest 50% per year from the date of grant over a two-year period.
	On February 21, 2012, in accordance with the Stock Plan, the Company granted 584,480 stock options to its directors and certain employees of the Company.  The fair value of the stock options granted on February 21, 2012 was $3.95 per share.  The stock options vest 20% per year from the date of grant over a five-year period.
	The fair value of each stock option granted was estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted-average assumptions:
		August 20,		February 21,
		2013		2012
	Expected dividends	0.90	%	—	%
	Expected term	5.75 years		10 years
	Expected volatility	11.51	%	13.01	%
	Risk-free interest rate	1.84	%	1.99	%
	Forfeiture rate	—	%	—	%
	The dividend yield assumption is based upon the Company’s history of dividend payouts.  The expected term is based upon the expected life or the contractual term of the stock option.  The expected volatility is based upon historic volatility.  The risk-free interest rate is estimated using the U.S. Treasury yield curve in effect at the time of the grant based upon the expected option term.
	The following is a summary of stock options and activity under the Stock Plan for the nine months ended June 30, 2014:
							Weighted
							Average
				Weighted			Remaining
				Average			Contractual		Aggregate
				Exercise			Term		Intrinsic
	Stock Options	Shares		Price			(In Years)		Value
		(Unaudited)
									(In thousands)
	Outstanding at beginning of period	642,735		$	15.74		8.5		$	2,213
	Granted	—		—
	Exercised	—		—
	Forfeited	—		—
	Expired	—		—
	Outstanding at end of period	642,735		$	15.74		7.7		$	2,222
	Exercisable at end of period	233,792		$	15.47		7.6		$	699
	For the three months ended June 30, 2014 and 2013, the share-based compensation expense applicable to the stock options was $133,000 and $116,000, respectively, and the recognized tax benefit related to this expense was $34,000 and $20,000, respectively.
	For the nine months ended June 30, 2014 and 2013, the share-based compensation expense applicable to the stock options was $398,000 and $346,000, respectively, and the recognized tax benefit related to this expense was $103,000 and $60,000, respectively.
	As of June 30, 2014 and September 30, 2013, the unrecognized share-based compensation expense related to the non-vested stock options was $1.3 million and $1.7 million, respectively.  As of June 30, 2014, this amount is expected to be recognized over a weighted-average period of 2.5 years.
	Restricted Stock Awards and Restricted Stock Unit Awards
	Under the Company’s Stock Plan, the Company may issue shares of its common stock as restricted stock awards or restricted stock unit awards to its directors and employees.  The maximum number of shares that may be issued under the Stock Plan as restricted stock awards or restricted stock unit awards is 357,075 shares.  A restricted stock award is a grant of shares of Company common stock for no consideration, subject to a vesting schedule or the satisfaction of market conditions or performance conditions.  A restricted stock unit award is similar, except no shares are actually granted on the grant date.  The Company may issue the shares or purchase the shares of its common stock through open market transactions or negotiated block transactions.  Shares issued upon vesting may be either authorized but unissued or reacquired shares held by the Company.  Any shares not issued because vesting requirements are not met will again be available for issuance under the Stock Plan.  The fair market value of shares awarded is based on market price at the date of grant and is recorded as unearned compensation and amortized over the applicable vesting period.  There are no further shares available for grant under the Stock Plan.
	Restricted Stock Awards
	On August 20, 2013 and February 21, 2012, in accordance with the Stock Plan, the Company granted 75,375 and 281,700 restricted stock awards, respectively, to its directors and certain employees.  The shares awarded in August 2013 vest 50% per year over a two-year period and the shares awarded in February 2012 vest 20% per year over a five-year period.  The fair value of the restricted stock awards granted on August 20, 2013 and February 21, 2012 was $18.49 and $15.47 per share, respectively.
	The following table presents the status of non-vested restricted stock awards under the Stock Plan for the nine months ended June 30, 2014:
				Weighted
				Average
		Number		Grant-date
		of Shares		Fair Value
		(Unaudited)
Non-vested restricted stock awards at beginning of period	300,735		$	16.23
Restricted shares granted	—		—
Shares vested	(56,340	)	15.47
Forfeited	—		—
Non-vested restricted stock awards at end of period	244,395		$	16.4
For the three months ended June 30, 2014 and 2013, the share-based compensation expense applicable to the non-vested restricted stock awards was $392,000 and $218,000, respectively, and the recognized tax benefit related to this expense was $156,000 and $87,000, respectively.
For the nine months ended June 30, 2014 and 2013, the share-based compensation expense applicable to the non-vested restricted stock awards was $1.2 million and $654,000, respectively, and the recognized tax benefit related to this expense was $469,000 and $261,000, respectively.
As of June 30, 2014 and September 30, 2013, the unrecognized share-based compensation expense related to the non-vested restricted stock awards was $3.0 million and $4.2 million, respectively.  As of June 30, 2014, this amount is expected to be recognized over a weighted-average period of 2.5 years.
Restricted Stock Unit Awards
As of June 30, 2014, there were no restricted stock unit awards granted under the Stock Plan.

DIVIDEND_DECLARED

DIVIDEND DECLARED	9 Months Ended
	Jun. 30, 2014
DIVIDEND DECLARED	'
DIVIDEND DECLARED	'
	NOTE 9 — DIVIDEND DECLARED
	On July 16, 2014, the Company announced that its Board of Directors declared a quarterly cash dividend of $0.05 per share on the Company’s common stock.  The dividend is payable to stockholders of record as of August 4, 2014 and is expected to be paid on August 15, 2014.

SUBSEQUENT_EVENT

SUBSEQUENT EVENT	9 Months Ended
	Jun. 30, 2004
SUBSEQUENT EVENTS	'
SUBSEQUENT EVENTS	'
	NOTE 10 — SUBSEQUENT EVENT
	On August 6, 2014, the Company announced the August 5, 2014 signing of a definitive agreement under which the Company will merge with Independent Bank Corp. (“Independent”)
	The agreement provides that 60% of the Company’s outstanding shares will be exchanged for Independent shares at a fixed exchange ratio of 0.5523 shares of Independent common share for each Company share and the remaining 40% of the Company’s outstanding shares will be exchanged for $21.00 per share in cash.  Based upon Independent’s $36.17 per share closing price on August 4, 2014 the transaction is valued at approximately $130.6 million.  The transaction is intended to qualify as a tax-free reorganization for federal income tax purposes and to provide a tax-free exchange for Peoples Federal stockholders with respect to shares of Independent received by Company shareholders in exchange for their Company shares. Company stockholders will be able to elect between receiving cash or Independent shares, subject to proration and allocation so that 60% of outstanding Company shares are exchanged for Independent stock and 40% exchanged for cash.  The transaction, which was unanimously approved by the Company’s Board of Directors, is subject to certain customary closing conditions, including approval of the merger by Company stockholders and bank regulatory authorities.

SECURITIES_Tables

SECURITIES (Tables)	9 Months Ended
	Jun. 30, 2014
SECURITIES	'
Schedule of amortized cost and fair value of securities with gross unrealized gains and losses	'
				Gross		Gross
		Amortized		Unrealized		Unrealized
		Cost		Gains		Losses		Fair Value
		(Unaudited)
		(In thousands)
	June 30, 2014:
	Securities Available-for-Sale
	Mortgage-backed securities	$	9,267	$	72	$	41	$	9,298
	Total securities available-for-sale	$	9,267	$	72	$	41	$	9,298
	Securities Held-to-Maturity
	Debt securities issued by U.S. Government corporations and agencies	$	5,000	$	—	$	40	$	4,960
	Mortgage-backed securities	33,557		358		93		33,822
	Total securities held-to-maturity	$	38,557	$	358	$	133	$	38,782
				Gross		Gross
		Amortized		Unrealized		Unrealized
		Cost		Gains		Losses		Fair Value
		(In thousands)
	September 30, 2013:
	Securities Available-for-Sale
	Debt securities issued by U.S. Government corporations and agencies	$	8,000	$	12	$	25	$	7,987
	Mortgage-backed securities	6,275		40		77		6,238
	Total securities available-for-sale	$	14,275	$	52	$	102	$	14,225
	Securities Held-to-Maturity
	Debt securities issued by U.S. Government corporations and agencies	$	5,000	$	—	$	90	$	4,910
	Mortgage-backed securities	27,054		287		146		27,195
	Total securities held-to-maturity	$	32,054	$	287	$	236	$	32,105
Schedule of maturities of debt securities	'
		Available-for-Sale				Held-to-Maturity
		Amortized		Fair		Amortized		Fair
		Cost		Value		Cost		Value
		(Unaudited)
		(In thousands)
	Due after 1 year through 5 years	$	—	$	—	$	5,000	$	4,960
		—		—		5,000		4,960
	Mortgage-backed securities	9,267		9,298		33,557		33,822
		$	9,267	$	9,298	$	38,557	$	38,782
Schedule of aggregate fair value and unrealized losses of securities that have been in continuous loss position for less than twelve months and for twelve months or longer, and are not other than temporarily impaired	'
		Less Than Twelve Months				Twelve Months or Longer
		Gross				Gross
		Unrealized		Fair		Unrealized		Fair
		Losses		Value		Losses		Value
		(Unaudited)
		(In thousands)
	June 30, 2014:
	Securities Available-for-Sale
	Mortgage-backed securities	$	—	$	—	$	41	$	4,420
		$	—	$	—	$	41	$	4,420
	Securities Held-to-Maturity
	Debt securities issued by U.S. Government corporations and agencies	$	—	$	—	$	40	$	4,960
	Mortgage-backed securities	3		2,142		90		3,598
		$	3	$	2,142	$	130	$	8,558
		Less Than Twelve Months				Twelve Months or Longer
		Gross				Gross
		Unrealized		Fair		Unrealized		Fair
		Losses		Value		Losses		Value
		(In thousands)
	September 30, 2013:
	Securities Available-for-Sale
	Debt securities issued by U.S. Government corporations and agencies	$	25	$	3,976	$	—	$	—
	Mortgage-backed securities	77		4,929		—		—
		$	102	$	8,905	$	—	$	—
	Securities Held-to-Maturity
	Debt securities issued by U.S. Government corporations and agencies	$	90	$	4,910	$	—	$	—
	Mortgage-backed securities	146		8,388		—		—
		$	236	$	13,298	$	—	$	—

LOANS_AND_ALLOWANCE_FOR_LOAN_L1

LOANS AND ALLOWANCE FOR LOAN LOSSES (Tables)	9 Months Ended
	Jun. 30, 2014
LOANS AND ALLOWANCE FOR LOAN LOSSES	'
Schedule of composition of loan portfolio	'
		June 30, 2014					September 30, 2013
		Amount			Percent		Amount			Percent
		(Unaudited)
		(Dollars in thousands)					(Dollars in thousands)
	Mortgage loans:
	Residential loans:
	One-to four-family	$	331,384		66.7	%	$	308,917		65.8	%
	Multi-family	73,791			14.9		68,021			14.5
	Commercial real estate	56,103			11.3		60,467			12.9
	Construction loans	20,778			4.2		17,148			3.7
	Total mortgage loans	482,056			97.1		454,553			96.9
	Consumer loans	4,506			0.9		5,359			1.1
	Commercial loans	9,844			2		9,419			2
	Total loans	496,406			100	%	469,331			100	%
	Deferred loan origination costs, net	1,002					755
	Allowance for loan losses	(4,023		)			(4,037		)
	Loans, net	$	493,385				$	466,049
Schedule of allowance for loan losses and principal balance of loans by portfolio segment	'
		Three and Nine Months Ended June 30, 2014
		Mortgage Loans												Other
		Residential Loans
		One-to Four-			Multi-family			Commercial			Construction			Consumer			Commercial			Unallocated			Total
		family						Real Estate			Loans			Loans			Loans
		(Unaudited)
		(In thousands)
	Allowance for loan losses:
	Three months ended June 30, 2014:
	Balance at beginning of period	$	2,053		$	765		$	646		$	333		$	73		$	126		$	34		$	4,030
	Provision (benefit) for loan losses	17			25			(7		)	(25		)	1			(32		)	21			—
	Recoveries of loans previously charged-off	—			—			—			—			4			45			—			49
		2,070			790			639			308			78			139			55			4,079
	Loans charged-off	(48		)	—			—			—			(8		)	—			—			(56		)
	Balance at end of period	$	2,022		$	790		$	639		$	308		$	70		$	139		$	55		$	4,023
	Nine months ended June 30, 2014:
	Balance at beginning of period	$	1,930		$	728		$	719		$	249		$	86		$	135		$	190		$	4,037
	Provision (benefit) for loan losses	161			62			(80		)	59			(10		)	(57		)	(135		)	—
	Recoveries of loans previously charged-off	—			—			—			—			11			61			—			72
		2,091			790			639			308			87			139			55			4,109
	Loans charged-off	(69		)	—			—			—			(17		)	—			—			(86		)
	Balance at end of period	$	2,022		$	790		$	639		$	308		$	70		$	139		$	55		$	4,023
	As of June 30, 2014:
	Individually evaluated for impairment	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
	Collectively evaluated for impairment	2,022			790			639			308			70			139			55			4,023
		$	2,022		$	790		$	639		$	308		$	70		$	139		$	55		$	4,023
	Loans ending balances:
	Individually evaluated for impairment	$	—		$	—		$	301		$	—		$	—		$	—					$	301
	Collectively evaluated for impairment	331,384			73,791			55,802			20,778			4,506			9,844						496,105
		$	331,384		$	73,791		$	56,103		$	20,778		$	4,506		$	9,844					$	496,406
		Three and Nine Months Ended June 30, 2013
		Mortgage Loans												Other
		Residential Loans
		One-to Four-			Multi-family			Commercial			Construction			Consumer			Commercial			Unallocated			Total
		family						Real Estate			Loans			Loans			Loans
		(Unaudited)
		(In thousands)
	Allowance for loan losses:
	Three months ended June 30, 2013:
	Balance at beginning of period	$	1,936		$	763		$	737		$	219		$	116		$	102		$	185		$	4,058
	Provision (benefit) for loan losses	(59		)	(39		)	(46		)	—			(20		)	54			110			—
	Recoveries of loans previously charged-off	1			—			—			—			2			—			—			3
		1,878			724			691			219			98			156			295			4,061
	Loans charged-off	—			—			—			—			(9		)	(27		)	—			(36		)
	Balance at end of period	$	1,878		$	724		$	691		$	219		$	89		$	129		$	295		$	4,025
	Nine months ended June 30, 2013:
	Balance at beginning of period	$	1,847		$	759		$	768		$	134		$	157		$	93		$	133		$	3,891
	Provision (benefit) for loan losses	55			(35		)	(77		)	85			(53		)	63			162			200
	Recoveries of loans previously charged-off	1			—			—			—			6			1			—			8
		1,903			724			691			219			110			157			295			4,099
	Loans charged-off	(25		)	—			—			—			(21		)	(28		)	—			(74		)
	Balance at end of period	$	1,878		$	724		$	691		$	219		$	89		$	129		$	295		$	4,025
	As of June 30, 2013:
	Individually evaluated for impairment	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
	Collectively evaluated for impairment	1,878			724			691			219			89			129			295			4,025
		$	1,878		$	724		$	691		$	219		$	89		$	129		$	295		$	4,025
	Loans ending balances:
	Individually evaluated for impairment	$	—		$	155		$	303		$	—		$	—		$	10					$	468
	Collectively evaluated for impairment	302,893			66,860			55,457			15,101			5,788			10,066						456,165
		$	302,893		$	67,015		$	55,760		$	15,101		$	5,788		$	10,076					$	456,633
		Year Ended September 30, 2013
		Mortgage Loans												Other
		Residential Loans
	One-to Four-			Multi-family			Commercial			Construction			Consumer			Commercial			Unallocated			Total
	family						Real Estate			Loans			Loans			Loans
	(In thousands)
Allowance for loan losses:
Balance at beginning of year	$	1,847		$	759		$	768		$	134		$	157		$	93		$	133		$	3,891
Provision (benefit) for loan losses	107			(31		)	(49		)	115			(57		)	58			57			200
Recoveries of loans previously charged-off	1			—			—			—			8			12			—			21
	1,955			728			719			249			108			163			190			4,112
Loans charged-off	(25		)	—			—			—			(22		)	(28		)	—			(75		)
Balance at end of year	$	1,930		$	728		$	719		$	249		$	86		$	135		$	190		$	4,037
Individually evaluated for impairment	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Collectively evaluated for impairment	1,930			728			719			249			86			135			190			4,037
	$	1,930		$	728		$	719		$	249		$	86		$	135		$	190		$	4,037
Loans ending balances:
Individually evaluated for impairment	$	—		$	—		$	303		$	—		$	—		$	9					$	312
Collectively evaluated for impairment	308,917			68,021			60,164			17,148			5,359			9,410						469,019
	$	308,917		$	68,021		$	60,467		$	17,148		$	5,359		$	9,419					$	469,331
Schedule of non-accrual and past due loans	'
		Age Analysis of Past Due Loans
		June 30, 2014
								90 Days												Total
		30-59 Days			60-89 Days			or More			Total						Total			Non-Accrual
		Past Due			Past Due			Past Due			Past Due			Current			Loans			Loans
		(Unaudited)
		(In thousands)
	Mortgage loans:
	Residential loans:
	One-to four-family	$	100		$	632		$	1,497		$	2,229		$	329,155		$	331,384		$	1,497
	Multi-family	449			—			—			449			73,342			73,791			—
	Commercial real estate	—			314			—			314			55,789			56,103			—
	Construction loans	—			—			—			—			20,778			20,778			—
	Total mortgage loans	549			946			1,497			2,992			479,064			482,056			1,497
	Consumer loans	2			2			27			31			4,475			4,506			27
	Commercial loans	—			—			—			—			9,844			9,844			—
	Total	$	551		$	948		$	1,524		$	3,023		$	493,383		$	496,406		$	1,524
		Age Analysis of Past Due Loans
		September 30, 2013
								90 Days												Total
		30-59 Days			60-89 Days			or More			Total						Total			Non-Accrual
		Past Due			Past Due			Past Due			Past Due			Current			Loans			Loans
		(In thousands)
	Mortgage loans:
	Residential loans:
	One-to four-family	$	—		$	629		$	1,846		$	2,475		$	306,442		$	308,917		$	1,846
	Multi-family	—			—			—			—			68,021			68,021			—
	Commercial real estate	—			—			—			—			60,467			60,467			—
	Construction loans	—			—			—			—			17,148			17,148			—
	Total mortgage loans	—			629			1,846			2,475			452,078			454,553			1,846
	Consumer loans	26			5			—			31			5,328			5,359			—
	Commercial loans	1			—			—			1			9,418			9,419			—
	Total	$	27		$	634		$	1,846		$	2,507		$	466,824		$	469,331		$	1,846
Schedule of information about loans that meet definition of an impaired loan	'
		June 30, 2014									September 30, 2013
					Unpaid			Related						Unpaid			Related
		Recorded			Principal			Valuation			Recorded			Principal			Valuation
		Investment			Balance			Allowance			Investment			Balance			Allowance
					(Unaudited)
					(In thousands)									(In thousands)
	Impaired loans without a valuation allowance:
	Mortgage loans:
	Residential loans:
	One-to four-family	$	—		$	—		$	—		$	—		$	—		$	—
	Multi-family	—			—			—			—			—			—
	Commercial real estate	301			301			—			303			303			—
	Construction loans	—			—			—			—			—			—
	Consumer loans	—			—			—			—			—			—
	Commercial loans	—			—			—			9			9			—
		$	301		$	301		$	—		$	312		$	312		$	—
		Three Months Ended June 30,
		2014									2013
		Average									Average
		Recorded			Interest Income Recognized						Recorded			Interest Income Recognized
		Investment			Total			Cash Basis			Investment			Total			Cash Basis
		(Unaudited)
		(In thousands)
	Impaired loans without a valuation allowance:
	Mortgage loans:
	Residential loans:
	One-to four-family	$	—		$	—		$	—		$	—		$	—		$	—
	Multi-family	—			—			—			156			1			—
	Commercial real estate	301			5			—			824			71			68
	Construction loans	—			—			—			—			—			—
	Consumer loans	—			—			—			—			—			—
	Commercial loans	—			—			—			10			—			—
		$	301		$	5		$	—		$	990		$	72		$	68
																				Year Ended
		Nine Months Ended June 30,																		September 30,
		2014									2013									2013
		Average									Average									Average
		Recorded			Interest Income Recognized						Recorded			Interest Income Recognized						Recorded
		Investment			Total			Cash Basis			Investment			Total			Cash Basis			Investment
		(Unaudited)
		(In thousands)																		(In thousands)
	Impaired loans without a valuation allowance:
	Mortgage loans:
	Residential loans:
	One-to four-family	$	—		$	—		$	—		$	—		$	—		$	—		$	—
	Multi-family	—			—			—			826			35			—			635
	Commercial real estate	302			15			—			1,132			71			68			941
	Construction loans	—			—			—			16			1			—			12
	Consumer loans	—			—			—			—			—			—			—
	Commercial loans	1			—			—			12			1			—			12
		$	303		$	15		$	—		$	1,986		$	108		$	68		$	1,600
Schedule of information pertaining to TDRs	'
		Three Months Ended June 30,
		2014								2013
		Number of		Pre-			Post-			Number of		Pre-			Post-
		Contracts		modification			modification			Contracts		modification			modification
				Outstanding			Outstanding					Outstanding			Outstanding
				Recorded			Recorded					Recorded			Recorded
				Investment			Investment					Investment			Investment
		(Unaudited)
		(Dollars in thousands)
	Troubled Debt Restructurings:
	Multi-family	—		$	—		$	—		—		$	—		$	—
	Commercial real estate	—		—			—			1		303			303
	Construction	—		—			—			—		—			—
		—		$	—		$	—		1		$	303		$	303
		Nine Months Ended June 30,
		2014								2013
		Number of		Pre-			Post-			Number of		Pre-			Post-
		Contracts		modification			modification			Contracts		modification			modification
				Outstanding			Outstanding					Outstanding			Outstanding
				Recorded			Recorded					Recorded			Recorded
				Investment			Investment					Investment			Investment
		(Unaudited)
		(Dollars in thousands)
	Troubled Debt Restructurings:
	Multi-family	—		$	—		$	—		1		$	522		$	—
	Commercial real estate	—		—			—			1		303			303
	Construction	—		—			—			1		79			—
		—		$	—		$	—		3		$	904		$	303
Schedule of loan portfolio by risk rating	'
		Credit Risk Profile by Credit Worthiness Category
		June 30, 2014
		Mortgage Loans												Other
		Residential Loans
		One-to Four-			Multi-			Commercial			Construction			Consumer			Commercial			Total
		family			family			Real Estate			Loans			Loans			Loans
		(Unaudited)
		(In thousands)
	Pass	$	328,631		$	73,791		$	53,952		$	20,778		$	4,506		$	9,088		$	490,746
	Special Mention	—			—			1,537			—			—			750			2,287
	Substandard	2,753			—			614			—			—			6			3,373
	Doubtful	—			—			—			—			—			—			—
	Loss	—			—			—			—			—			—			—
	Total	$	331,384		$	73,791		$	56,103		$	20,778		$	4,506		$	9,844		$	496,406
		Credit Risk Profile by Credit Worthiness Category
		September 30, 2013
		Mortgage Loans												Other
		Residential Loans
		One-to Four-			Multi-			Commercial			Construction			Consumer			Commercial			Total
		family			family			Real Estate			Loans			Loans			Loans
		(In thousands)
	Pass	$	306,055		$	68,021		$	57,581		$	17,148		$	5,359		$	8,710		$	462,874
	Special Mention	—			—			1,657			—			—			700			2,357
	Substandard	2,862			—			1,229			—			—			9			4,100
	Doubtful	—			—			—			—			—			—			—
	Loss	—			—			—			—			—			—			—
	Total	$	308,917		$	68,021		$	60,467		$	17,148		$	5,359		$	9,419		$	469,331

FAIR_VALUE_MEASUREMENTS_Tables

FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
	Jun. 30, 2014
FAIR VALUE MEASUREMENTS	'
Schedule of assets measured at fair value on a recurring basis	'
		June 30, 2014
		Level 1		Level 2		Level 3		Fair Value
		(Unaudited)
		(In thousands)
	Trading securities	$	560	$	—	$	—	$	560
	Securities available-for-sale:
	Mortgage-backed securities	—		9,298		—		9,298
	Total assets	$	560	$	9,298	$	—	$	9,858
		September 30, 2013
		Level 1		Level 2		Level 3		Fair Value
		(In thousands)
	Trading securities	$	1,048	$	—	$	—	$	1,048
	Securities available-for-sale:
	Debt securities issued by U.S. Government corporations and agencies	—		7,987		—		7,987
	Mortgage-backed securities	—		6,238		—		6,238
	Total assets	$	1,048	$	14,225	$	—	$	15,273
Schedule of estimated fair values and related carrying amounts of financial instruments	'
		June 30, 2014
		Carrying		Fair Value
		Amount		Level 1		Level 2		Level 3		Total
		(Unaudited)
		(In thousands)
	Financial assets:
	Cash and cash equivalents	$	28,433	$	28,433	$	—	$	—	$	28,433
	Trading securities	560		560		—		—		560
	Securities available-for-sale	9,298		—		9,298		—		9,298
	Securities held-to-maturity	38,557		—		38,782		—		38,782
	Federal Home Loan Bank stock	4,252		—		—		4,252		4,252
	Loans, net	493,385		—		—		493,446		493,446
	Accrued interest receivable	1,496		—		—		1,496		1,496
	Financial liabilities:
	Deposits	434,543		—		—		434,856		434,856
	Short-term borrowings	2,000		—		—		2,000		2,000
	Long-term debt	57,000		—		—		57,165		57,165
		September 30, 2013
		Carrying		Fair Value
		Amount		Level 1		Level 2		Level 3		Total
		(In thousands)
	Financial assets:
	Cash and cash equivalents	$	37,134	$	37,134	$	—	$	—	$	37,134
	Trading securities	1,048		1,048		—		—		1,048
	Securities available-for-sale	14,225		—		14,225		—		14,225
	Securities held-to-maturity	32,054		—		32,105		—		32,105
	Federal Home Loan Bank stock	3,775		—		—		3,775		3,775
	Loans, net	466,049		—		—		466,899		466,899
	Accrued interest receivable	1,448		—		—		1,448		1,448
	Financial liabilities:
	Deposits	425,093		—		—		425,536		425,536
	Short-term borrowings	6,000		—		—		6,000		6,000
	Long-term debt	38,000		—		—		38,168		38,168

EARNINGS_PER_SHARE_Tables

EARNINGS PER SHARE (Tables)	9 Months Ended
	Jun. 30, 2014
EARNINGS PER SHARE	'
Schedule of computation of EPS (basic and diluted)	'
		Three Months Ended						Nine Months Ended
		June 30,						June 30,
		2014			2013			2014			2013
		(Unaudited)
		(Dollars in thousands, except per share data)
	Net income applicable to common stock	$	539		$	598		$	1,607		$	1,824
	Less: Undistributed earnings allocated to participating securities	(19		)	(21		)	(61		)	(67		)
	Net income allocated to common stock	$	520		$	577		$	1,546		$	1,757
	Average number of common shares issued	6,262,709			6,559,335			6,372,588			6,624,241
	Less: Average unallocated ESOP shares	(449,836		)	(478,402		)	(457,004		)	(485,570		)
	Less: Average unvested restricted stock awards	(201,786		)	(211,120		)	(225,379		)	(225,257		)
	Average number of common shares outstanding used to calculate basic earnings per common share	5,611,087			5,869,813			5,690,205			5,913,414
	Add: Dilutive effect of unvested restricted stock awards	58,818			35,239			52,724			37,056
	Add: Dilutive effect of stock options	8,438			—			2,813			—
	Average number of common shares outstanding used to calculate diluted earnings per common share	5,678,343			5,905,052			5,745,742			5,950,470
	Earnings per common share (basic and diluted)	$	0.09		$	0.1		$	0.27		$	0.3

EMPLOYEE_BENEFIT_PLANS_Tables

EMPLOYEE BENEFIT PLANS (Tables)	9 Months Ended
	Jun. 30, 2014
EMPLOYEE BENEFIT PLANS	'
Schedule of compensation expense recognized in connection with ESOP and shares held by ESOP trust	'
		Three Months Ended						Nine Months Ended
		June 30,						June 30,
		2014			2013			2014			2013
		(Unaudited)
		(In thousands)
	ESOP expense	$	131		$	132		$	384		$	380
		June 30,		September 30,
		2014		2013
		(Unaudited)
	Allocated	111,887		83,321
	Committed to be released	14,283		21,425
	Unallocated	442,773		464,197
		568,943		568,943
Schedule of weighted-average assumptions used with Black-Scholes option-pricing model	'
		August 20,		February 21,
		2013		2012
	Expected dividends	0.90	%	—	%
	Expected term	5.75 years		10 years
	Expected volatility	11.51	%	13.01	%
	Risk-free interest rate	1.84	%	1.99	%
	Forfeiture rate	—	%	—	%
Summary of stock options and activity under Stock Plan	'
							Weighted
							Average
				Weighted			Remaining
				Average			Contractual		Aggregate
				Exercise			Term		Intrinsic
	Stock Options	Shares		Price			(In Years)		Value
		(Unaudited)
									(In thousands)
	Outstanding at beginning of period	642,735		$	15.74		8.5		$	2,213
	Granted	—		—
	Exercised	—		—
	Forfeited	—		—
	Expired	—		—
	Outstanding at end of period	642,735		$	15.74		7.7		$	2,222
	Exercisable at end of period	233,792		$	15.47		7.6		$	699
Schedule of status of non-vested restricted stock awards under Stock Plan	'
				Weighted
				Average
		Number		Grant-date
		of Shares		Fair Value
		(Unaudited)
	Non-vested restricted stock awards at beginning of period	300,735		$	16.23
	Restricted shares granted	—		—
	Shares vested	(56,340	)	15.47
	Forfeited	—		—
	Non-vested restricted stock awards at end of period	244,395		$	16.4

NATURE_OF_OPERATIONS_Details

NATURE OF OPERATIONS (Details)	9 Months Ended
	Jun. 30, 2014
	facility
NATURE OF OPERATIONS	'
Number of banking offices	8

SECURITIES_Details

SECURITIES (Details) (USD $)	3 Months Ended		9 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Sep. 30, 2013
	security		security		security
Securities Available-for-Sale	'	'	'	'	'
Amortized Cost	$9,267,000	'	$9,267,000	'	$14,275,000
Gross Unrealized Gains	72,000	'	72,000	'	52,000
Gross Unrealized Losses	41,000	'	41,000	'	102,000
Fair Value	9,298,000	'	9,298,000	'	14,225,000
Securities Held-to-Maturity	'	'	'	'	'
Amortized Cost	38,557,000	'	38,557,000	'	32,054,000
Gross Unrealized Gains	358,000	'	358,000	'	287,000
Gross Unrealized Losses	133,000	'	133,000	'	236,000
Fair Value	38,782,000	'	38,782,000	'	32,105,000
Available for Sale, Amortized cost	'	'	'	'	'
Total	9,267,000	'	9,267,000	'	'
Available for Sale, Fair Value	'	'	'	'	'
Fair Value	9,298,000	'	9,298,000	'	14,225,000
Held to Maturity, Amortized cost	'	'	'	'	'
Due after 1 year through 5 years	5,000,000	'	5,000,000	'	'
Debt maturities, single maturity date, subtotal	5,000,000	'	5,000,000	'	'
Total	38,557,000	'	38,557,000	'	32,054,000
Held to Maturity, Fair Value	'	'	'	'	'
Due after 1 year through 5 years	4,960,000	'	4,960,000	'	'
Debt maturities, single maturity date, subtotal	4,960,000	'	4,960,000	'	'
Fair Value	38,782,000	'	38,782,000	'	32,105,000
Sales of securities	'	'	'	'	'
Sales of securities available for sale	0	0	6,003,000	0	'
Gross realized gains on sales of securities available-for-sale	'	'	6,000	'	'
Gross realized losses on sales of securities available-for-sale	'	'	3,000	'	'
Sales of held-to-maturity securities	0	0	'	0	'
Securities	'	'	'	'	'
Securities of issuers in excess of 10% of stockholders' equity	0	'	0	'	0
Carrying value of securities pledged to secure FHLB advances	9,298,000	'	9,298,000	'	14,225,000
Securities Available-for-Sale, Gross Unrealized Losses	'	'	'	'	'
Less Than Twelve Months	'	'	'	'	102,000
Twelve Months or Longer	41,000	'	41,000	'	'
Securities Available-for-Sale, Fair Value	'	'	'	'	'
Less Than Twelve Months	'	'	'	'	8,905,000
Twelve Months or Longer	4,420,000	'	4,420,000	'	'
Securities Held-to-Maturity, Gross Unrealized Losses	'	'	'	'	'
Less Than Twelve Months	3,000	'	3,000	'	236,000
Twelve Months or Longer	130,000	'	130,000	'	'
Securities Held-to-Maturity, Fair Value	'	'	'	'	'
Less Than Twelve Months	2,142,000	'	2,142,000	'	13,298,000
Twelve Months or Longer	8,558,000	'	8,558,000	'	'
Additional disclosures	'	'	'	'	'
Number of debt securities with unrealized losses for less than twelve months	2	'	2	'	18
Aggregate depreciation from amortized cost of debt securities with unrealized losses for less than twelve months (as a percent)	0.10%	'	0.10%	'	1.50%
Number of debt securities with unrealized losses for twelve months or longer	12	'	12	'	'
Aggregate depreciation from amortized cost of debt securities with unrealized losses for twelve months or longer (as a percent)	1.30%	'	1.30%	'	'
U S Government Corporations And Agencies Securities [Member]	'	'	'	'	'
Securities Available-for-Sale	'	'	'	'	'
Amortized Cost	'	'	'	'	8,000,000
Gross Unrealized Gains	'	'	'	'	12,000
Gross Unrealized Losses	'	'	'	'	25,000
Fair Value	'	'	'	'	7,987,000
Securities Held-to-Maturity	'	'	'	'	'
Amortized Cost	5,000,000	'	5,000,000	'	5,000,000
Gross Unrealized Losses	40,000	'	40,000	'	90,000
Fair Value	4,960,000	'	4,960,000	'	4,910,000
Available for Sale, Fair Value	'	'	'	'	'
Fair Value	'	'	'	'	7,987,000
Held to Maturity, Amortized cost	'	'	'	'	'
Total	5,000,000	'	5,000,000	'	5,000,000
Held to Maturity, Fair Value	'	'	'	'	'
Fair Value	4,960,000	'	4,960,000	'	4,910,000
Securities Available-for-Sale, Gross Unrealized Losses	'	'	'	'	'
Less Than Twelve Months	'	'	'	'	25,000
Securities Available-for-Sale, Fair Value	'	'	'	'	'
Less Than Twelve Months	'	'	'	'	3,976,000
Securities Held-to-Maturity, Gross Unrealized Losses	'	'	'	'	'
Less Than Twelve Months	'	'	'	'	90,000
Twelve Months or Longer	40,000	'	40,000	'	'
Securities Held-to-Maturity, Fair Value	'	'	'	'	'
Less Than Twelve Months	'	'	'	'	4,910,000
Twelve Months or Longer	4,960,000	'	4,960,000	'	'
Mortgage Backed Securities [Member]	'	'	'	'	'
Securities Available-for-Sale	'	'	'	'	'
Amortized Cost	9,267,000	'	9,267,000	'	6,275,000
Gross Unrealized Gains	72,000	'	72,000	'	40,000
Gross Unrealized Losses	41,000	'	41,000	'	77,000
Fair Value	9,298,000	'	9,298,000	'	6,238,000
Securities Held-to-Maturity	'	'	'	'	'
Amortized Cost	33,557,000	'	33,557,000	'	27,054,000
Gross Unrealized Gains	358,000	'	358,000	'	287,000
Gross Unrealized Losses	93,000	'	93,000	'	146,000
Fair Value	33,822,000	'	33,822,000	'	27,195,000
Available for Sale, Amortized cost	'	'	'	'	'
Without single maturity date	9,267,000	'	9,267,000	'	'
Available for Sale, Fair Value	'	'	'	'	'
Without single maturity date	9,298,000	'	9,298,000	'	'
Fair Value	9,298,000	'	9,298,000	'	6,238,000
Held to Maturity, Amortized cost	'	'	'	'	'
Without single maturity date	33,557,000	'	33,557,000	'	'
Total	33,557,000	'	33,557,000	'	27,054,000
Held to Maturity, Fair Value	'	'	'	'	'
Without single maturity date	33,822,000	'	33,822,000	'	'
Fair Value	33,822,000	'	33,822,000	'	27,195,000
Securities Available-for-Sale, Gross Unrealized Losses	'	'	'	'	'
Less Than Twelve Months	'	'	'	'	77,000
Twelve Months or Longer	41,000	'	41,000	'	'
Securities Available-for-Sale, Fair Value	'	'	'	'	'
Less Than Twelve Months	'	'	'	'	4,929,000
Twelve Months or Longer	4,420,000	'	4,420,000	'	'
Securities Held-to-Maturity, Gross Unrealized Losses	'	'	'	'	'
Less Than Twelve Months	3,000	'	3,000	'	146,000
Twelve Months or Longer	90,000	'	90,000	'	'
Securities Held-to-Maturity, Fair Value	'	'	'	'	'
Less Than Twelve Months	2,142,000	'	2,142,000	'	8,388,000
Twelve Months or Longer	$3,598,000	'	$3,598,000	'	'

LOANS_AND_ALLOWANCE_FOR_LOAN_L2

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details) (USD $)	Jun. 30, 2014	Mar. 31, 2014	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Sep. 30, 2012
In Thousands, unless otherwise specified
Loan portfolio	'	'	'	'	'	'
Total Loans	$496,406	'	$469,331	$456,633	'	'
Percent	100.00%	'	100.00%	'	'	'
Deferred loan origination costs, net	1,002	'	755	'	'	'
Allowance for loan losses	-4,023	-4,030	-4,037	-4,025	-4,058	-3,891
Loans, net	493,385	'	466,049	'	'	'
Residential Mortgage One To Four Family [Member]	'	'	'	'	'	'
Loan portfolio	'	'	'	'	'	'
Total Loans	331,384	'	308,917	302,893	'	'
Percent	66.70%	'	65.80%	'	'	'
Allowance for loan losses	-2,022	-2,053	-1,930	-1,878	-1,936	-1,847
Residential Mortgage Multi Family [Member]	'	'	'	'	'	'
Loan portfolio	'	'	'	'	'	'
Total Loans	73,791	'	68,021	67,015	'	'
Percent	14.90%	'	14.50%	'	'	'
Allowance for loan losses	-790	-765	-728	-724	-763	-759
Commercial Real Estate Other Receivable [Member]	'	'	'	'	'	'
Loan portfolio	'	'	'	'	'	'
Total Loans	56,103	'	60,467	55,760	'	'
Percent	11.30%	'	12.90%	'	'	'
Allowance for loan losses	-639	-646	-719	-691	-737	-768
Commercial Real Estate Construction Financing Receivable [Member]	'	'	'	'	'	'
Loan portfolio	'	'	'	'	'	'
Total Loans	20,778	'	17,148	15,101	'	'
Percent	4.20%	'	3.70%	'	'	'
Allowance for loan losses	-308	-333	-249	-219	-219	-134
Mortgage Loans On Real Estate [Member]	'	'	'	'	'	'
Loan portfolio	'	'	'	'	'	'
Total Loans	482,056	'	454,553	'	'	'
Percent	97.10%	'	96.90%	'	'	'
Consumer Loan [Member]	'	'	'	'	'	'
Loan portfolio	'	'	'	'	'	'
Total Loans	4,506	'	5,359	5,788	'	'
Percent	0.90%	'	1.10%	'	'	'
Allowance for loan losses	-70	-73	-86	-89	-116	-157
Commercial Loan [Member]	'	'	'	'	'	'
Loan portfolio	'	'	'	'	'	'
Total Loans	9,844	'	9,419	10,076	'	'
Percent	2.00%	'	2.00%	'	'	'
Allowance for loan losses	($139)	($126)	($135)	($129)	($102)	($93)

LOANS_AND_ALLOWANCE_FOR_LOAN_L3

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details 2) (USD $)	3 Months Ended		9 Months Ended		12 Months Ended		3 Months Ended		9 Months Ended		12 Months Ended	3 Months Ended		9 Months Ended		12 Months Ended	3 Months Ended		9 Months Ended		12 Months Ended	3 Months Ended		9 Months Ended		12 Months Ended	3 Months Ended		9 Months Ended		12 Months Ended	3 Months Ended		9 Months Ended		12 Months Ended	3 Months Ended		9 Months Ended		12 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Sep. 30, 2013	Dec. 31, 2013	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Sep. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Sep. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Sep. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Sep. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Sep. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Sep. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Sep. 30, 2013
						Residential Portfolio Segment [Member]	Residential Mortgage One To Four Family [Member]	Residential Mortgage One To Four Family [Member]	Residential Mortgage One To Four Family [Member]	Residential Mortgage One To Four Family [Member]	Residential Mortgage One To Four Family [Member]	Residential Mortgage Multi Family [Member]	Residential Mortgage Multi Family [Member]	Residential Mortgage Multi Family [Member]	Residential Mortgage Multi Family [Member]	Residential Mortgage Multi Family [Member]	Commercial Real Estate Other Receivable [Member]	Commercial Real Estate Other Receivable [Member]	Commercial Real Estate Other Receivable [Member]	Commercial Real Estate Other Receivable [Member]	Commercial Real Estate Other Receivable [Member]	Commercial Real Estate Construction Financing Receivable [Member]	Commercial Real Estate Construction Financing Receivable [Member]	Commercial Real Estate Construction Financing Receivable [Member]	Commercial Real Estate Construction Financing Receivable [Member]	Commercial Real Estate Construction Financing Receivable [Member]	Consumer Loan [Member]	Consumer Loan [Member]	Consumer Loan [Member]	Consumer Loan [Member]	Consumer Loan [Member]	Commercial Loan [Member]	Commercial Loan [Member]	Commercial Loan [Member]	Commercial Loan [Member]	Commercial Loan [Member]	Unallocated Financing Receivables [Member]	Unallocated Financing Receivables [Member]	Unallocated Financing Receivables [Member]	Unallocated Financing Receivables [Member]	Unallocated Financing Receivables [Member]
						Maximum [Member]
Allowance for loan losses and principal balance of loans by portfolio segment	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'
Percentage of loan-to-value ratio for origination of loans	'	'	'	'	'	80.00%	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'
Allowance for loan losses	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'
Balance at beginning of period	$4,030	$4,058	$4,037	$3,891	$3,891	'	$2,053	$1,936	$1,930	$1,847	$1,847	$765	$763	$728	$759	$759	$646	$737	$719	$768	$768	$333	$219	$249	$134	$134	$73	$116	$86	$157	$157	$126	$102	$135	$93	$93	$34	$185	$190	$133	$133
Provision (benefit) for loan losses	'	'	'	200	200	'	17	-59	161	55	107	25	-39	62	-35	-31	-7	-46	-80	-77	-49	-25	'	59	85	115	1	-20	-10	-53	-57	-32	54	-57	63	58	21	110	-135	162	57
Recoveries of loans previously charged-off	49	3	72	8	21	'	'	1	'	1	1	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	4	2	11	6	8	45	'	61	1	12	'	'	'	'	'
Subtotal	4,079	4,061	4,109	4,099	4,112	'	2,070	1,878	2,091	1,903	1,955	790	724	790	724	728	639	691	639	691	719	308	219	308	219	249	78	98	87	110	108	139	156	139	157	163	55	295	55	295	190
Loans charged off	-56	-36	-86	-74	-75	'	-48	'	-69	-25	-25	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	-8	-9	-17	-21	-22	'	-27	'	-28	-28	'	'	'	'	'
Balance at end of period	4,023	4,025	4,023	4,025	4,037	'	2,022	1,878	2,022	1,878	1,930	790	724	790	724	728	639	691	639	691	719	308	219	308	219	249	70	89	70	89	86	139	129	139	129	135	55	295	55	295	190
Collectively evaluated for impairment	4,023	4,025	4,023	4,025	4,037	'	2,022	1,878	2,022	1,878	1,930	790	724	790	724	728	639	691	639	691	719	308	219	308	219	249	70	89	70	89	86	139	129	139	129	135	55	295	55	295	190
Loans ending balances:	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'	'
Individually evaluated for impairment	301	468	301	468	312	'	'	'	'	'	'	'	155	'	155	'	301	303	301	303	303	'	'	'	'	'	'	'	'	'	'	'	10	'	10	9	'	'	'	'	'
Collectively evaluated for impairment	496,105	456,165	496,105	456,165	469,019	'	331,384	302,893	331,384	302,893	308,917	73,791	66,860	73,791	66,860	68,021	55,802	55,457	55,802	55,457	60,164	20,778	15,101	20,778	15,101	17,148	4,506	5,788	4,506	5,788	5,359	9,844	10,066	9,844	10,066	9,410	'	'	'	'	'
Loans	$496,406	$456,633	$496,406	$456,633	$469,331	'	$331,384	$302,893	$331,384	$302,893	$308,917	$73,791	$67,015	$73,791	$67,015	$68,021	$56,103	$55,760	$56,103	$55,760	$60,467	$20,778	$15,101	$20,778	$15,101	$17,148	$4,506	$5,788	$4,506	$5,788	$5,359	$9,844	$10,076	$9,844	$10,076	$9,419	'	'	'	'	'

LOANS_AND_ALLOWANCE_FOR_LOAN_L4

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details 3) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Sep. 30, 2013	Jun. 30, 2013
Non-accrual and Past-due Loans	'	'	'
Loan performance period	'6 months	'	'
Age Analysis of Past Due Loans	'	'	'
30 to 59 Days Past Due	$551	$27	'
60 to 89 Days Past Due	948	634	'
90 Days or More Past Due	1,524	1,846	'
Total Past Due	3,023	2,507	'
Current	493,383	466,824	'
Total Loans	496,406	469,331	456,633
Total Non-Accrual Loans	1,524	1,846	'
Loans greater than 90 days past due and still accruing	0	0	'
Residential Portfolio Segment [Member] | Minimum [Member]	'	'	'
Non-accrual and Past-due Loans	'	'	'
Period past due for classification of loans to non-accrual status	'90 days	'	'
Residential Mortgage One To Four Family [Member]	'	'	'
Age Analysis of Past Due Loans	'	'	'
30 to 59 Days Past Due	100	'	'
60 to 89 Days Past Due	632	629	'
90 Days or More Past Due	1,497	1,846	'
Total Past Due	2,229	2,475	'
Current	329,155	306,442	'
Total Loans	331,384	308,917	302,893
Total Non-Accrual Loans	1,497	1,846	'
Residential Mortgage Multi Family [Member]	'	'	'
Age Analysis of Past Due Loans	'	'	'
30 to 59 Days Past Due	449	'	'
Total Past Due	449	'	'
Current	73,342	68,021	'
Total Loans	73,791	68,021	67,015
Commercial Real Estate Other Receivable [Member]	'	'	'
Age Analysis of Past Due Loans	'	'	'
60 to 89 Days Past Due	314	'	'
Total Past Due	314	'	'
Current	55,789	60,467	'
Total Loans	56,103	60,467	55,760
Commercial Real Estate Construction Financing Receivable [Member]	'	'	'
Age Analysis of Past Due Loans	'	'	'
Current	20,778	17,148	'
Total Loans	20,778	17,148	15,101
Mortgage Loans On Real Estate [Member]	'	'	'
Age Analysis of Past Due Loans	'	'	'
30 to 59 Days Past Due	549	'	'
60 to 89 Days Past Due	946	629	'
90 Days or More Past Due	1,497	1,846	'
Total Past Due	2,992	2,475	'
Current	479,064	452,078	'
Total Loans	482,056	454,553	'
Total Non-Accrual Loans	1,497	1,846	'
Consumer Loan [Member]	'	'	'
Age Analysis of Past Due Loans	'	'	'
30 to 59 Days Past Due	2	26	'
60 to 89 Days Past Due	2	5	'
90 Days or More Past Due	27	'	'
Total Past Due	31	31	'
Current	4,475	5,328	'
Total Loans	4,506	5,359	5,788
Total Non-Accrual Loans	27	'	'
Closed End Consumer [Member] | Minimum [Member]	'	'	'
Non-accrual and Past-due Loans	'	'	'
Period past due for classification of loans to non-accrual status	'90 days	'	'
Home Equity [Member] | Minimum [Member]	'	'	'
Non-accrual and Past-due Loans	'	'	'
Period past due for classification of loans to non-accrual status	'90 days	'	'
Unsecured Consumer Loan [Member] | Minimum [Member]	'	'	'
Non-accrual and Past-due Loans	'	'	'
Period past due for charge off of loan	'120 days	'	'
Unsecured Consumer Loan [Member] | Maximum [Member]	'	'	'
Non-accrual and Past-due Loans	'	'	'
Period past due for charge off of loan	'180 days	'	'
Commercial Real Estate Portfolio Segment [Member] | Minimum [Member]	'	'	'
Non-accrual and Past-due Loans	'	'	'
Period past due for classification of loans to non-accrual status	'90 days	'	'
Commercial Loan [Member]	'	'	'
Age Analysis of Past Due Loans	'	'	'
30 to 59 Days Past Due	'	1	'
Total Past Due	'	1	'
Current	9,844	9,418	'
Total Loans	$9,844	$9,419	$10,076
Commercial Loan [Member] | Minimum [Member]	'	'	'
Non-accrual and Past-due Loans	'	'	'
Period past due for classification of loans to non-accrual status	'90 days	'	'

LOANS_AND_ALLOWANCE_FOR_LOAN_L5

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details 4) (USD $)	3 Months Ended		9 Months Ended		12 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Sep. 30, 2013
Impaired loans without a valuation allowance:	'	'	'	'	'
Recorded Investment	$301	'	$301	'	$312
Unpaid Principal Balance	301	'	301	'	312
Average Recorded Investment	'	'	'	'	'
Average Recorded Investment	301	990	303	1,986	1,600
Interest Income Recognized	'	'	'	'	'
Interest Income, Total	5	72	15	108	'
Interest Income, Cash Basis	'	68	'	68	'
Impaired loans, related valuation allowance	0	0	0	0	0
Additional funds committed to be advanced to borrowers with impaired loans	0	0	0	0	0
Residential Mortgage Multi Family [Member]	'	'	'	'	'
Average Recorded Investment	'	'	'	'	'
Average Recorded Investment	'	156	'	826	635
Interest Income Recognized	'	'	'	'	'
Interest Income, Total	'	1	'	35	'
Commercial Real Estate Other Receivable [Member]	'	'	'	'	'
Impaired loans without a valuation allowance:	'	'	'	'	'
Recorded Investment	301	'	301	'	303
Unpaid Principal Balance	301	'	301	'	303
Average Recorded Investment	'	'	'	'	'
Average Recorded Investment	301	824	302	1,132	941
Interest Income Recognized	'	'	'	'	'
Interest Income, Total	5	71	15	71	'
Interest Income, Cash Basis	'	68	'	68	'
Commercial Real Estate Construction Financing Receivable [Member]	'	'	'	'	'
Average Recorded Investment	'	'	'	'	'
Average Recorded Investment	'	'	'	16	12
Interest Income Recognized	'	'	'	'	'
Interest Income, Total	'	'	'	1	'
Commercial Loan [Member]	'	'	'	'	'
Impaired loans without a valuation allowance:	'	'	'	'	'
Recorded Investment	'	'	'	'	9
Unpaid Principal Balance	'	'	'	'	9
Average Recorded Investment	'	'	'	'	'
Average Recorded Investment	'	10	1	12	12
Interest Income Recognized	'	'	'	'	'
Interest Income, Total	'	'	'	$1	'

LOANS_AND_ALLOWANCE_FOR_LOAN_L6

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details 5) (USD $)

3 Months Ended

9 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

9 Months Ended

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Sep. 30, 2013

Jun. 30, 2013

Sep. 30, 2012

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Sep. 30, 2013

Jun. 30, 2013

contract

contract

contract

contract

Residential Mortgage Multi Family [Member]

Residential Mortgage Multi Family [Member]

Commercial Real Estate Other Receivable [Member]

Commercial Real Estate Other Receivable [Member]

Commercial Real Estate Other Receivable [Member]

Commercial Real Estate Other Receivable [Member]

Commercial Real Estate Construction Financing Receivable [Member]

contract

contract

contract

contract

item

contract

Troubled Debt Restructurings

'

'

'

'

'

'

'

'

'

'

'

'

Number of Contracts

'

1

'

3

'

1

'

1

'

1

'

1

Pre-modification Outstanding Recorded Investment

'

$303,000

'

$904,000

'

$522,000

'

$303,000

'

$303,000

'

$79,000

Post-modification Outstanding Recorded Investment

'

303,000

'

303,000

'

'

'

303,000

'

303,000

'

'

Additional funds advanced

'

'

'

'

'

'

'

'

'

'

'

79,000

Number of remaining units

'

'

'

'

'

'

'

'

'

'

'

3

Amount of modified troubled debt restructurings at period end

'

'

'

'

'

'

522,000

'

301,000

'

303,000

'

Troubled Debt Restructuring That Subsequently Defaulted, Number of Contracts

0

0

0

0

'

'

'

'

'

'

'

'

Period for which interest provided on troubled debt restructurings during the period

'

'

'

'

'

'

'

'4 months

'4 months

'

'

'

Number of contracts at end of period

'

'

'

'

'

'

'

'

'

'

1

'

Allowance for loan losses allocated to TDRs

0

'

0

'

0

'

'

'

'

'

'

'

Committed additional funds to be advanced

$0

$0

$0

$0

$0

'

'

'

'

'

'

'

LOANS_AND_ALLOWANCE_FOR_LOAN_L7

LOANS AND ALLOWANCE FOR LOAN LOSSES (Details 6) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Sep. 30, 2013	Jun. 30, 2013
	grade
LOANS AND ALLOWANCE FOR LOAN LOSSES	'	'	'
Number of grades in internal rating system	8	'	'
Credit Risk Profile by Credit Worthiness Category	'	'	'
Loans	$496,406	$469,331	$456,633
Residential Mortgage One To Four Family [Member]	'	'	'
Credit Risk Profile by Credit Worthiness Category	'	'	'
Loans	331,384	308,917	302,893
Residential Mortgage Multi Family [Member]	'	'	'
Credit Risk Profile by Credit Worthiness Category	'	'	'
Loans	73,791	68,021	67,015
Commercial Real Estate Other Receivable [Member]	'	'	'
Credit Risk Profile by Credit Worthiness Category	'	'	'
Loans	56,103	60,467	55,760
Commercial Real Estate Construction Financing Receivable [Member]	'	'	'
Credit Risk Profile by Credit Worthiness Category	'	'	'
Loans	20,778	17,148	15,101
Consumer Loan [Member]	'	'	'
Credit Risk Profile by Credit Worthiness Category	'	'	'
Loans	4,506	5,359	5,788
Commercial Loan [Member]	'	'	'
Credit Risk Profile by Credit Worthiness Category	'	'	'
Loans	9,844	9,419	10,076
Pass [Member]	'	'	'
Credit Risk Profile by Credit Worthiness Category	'	'	'
Loans	490,746	462,874	'
Pass [Member] | Residential Mortgage One To Four Family [Member]	'	'	'
Credit Risk Profile by Credit Worthiness Category	'	'	'
Loans	328,631	306,055	'
Pass [Member] | Residential Mortgage Multi Family [Member]	'	'	'
Credit Risk Profile by Credit Worthiness Category	'	'	'
Loans	73,791	68,021	'
Pass [Member] | Commercial Real Estate Other Receivable [Member]	'	'	'
Credit Risk Profile by Credit Worthiness Category	'	'	'
Loans	53,952	57,581	'
Pass [Member] | Commercial Real Estate Construction Financing Receivable [Member]	'	'	'
Credit Risk Profile by Credit Worthiness Category	'	'	'
Loans	20,778	17,148	'
Pass [Member] | Consumer Loan [Member]	'	'	'
Credit Risk Profile by Credit Worthiness Category	'	'	'
Loans	4,506	5,359	'
Pass [Member] | Commercial Loan [Member]	'	'	'
Credit Risk Profile by Credit Worthiness Category	'	'	'
Loans	9,088	8,710	'
Special Mention [Member]	'	'	'
Credit Risk Profile by Credit Worthiness Category	'	'	'
Loans	2,287	2,357	'
Special Mention [Member] | Commercial Real Estate Other Receivable [Member]	'	'	'
Credit Risk Profile by Credit Worthiness Category	'	'	'
Loans	1,537	1,657	'
Special Mention [Member] | Commercial Loan [Member]	'	'	'
Credit Risk Profile by Credit Worthiness Category	'	'	'
Loans	750	700	'
Substandard [Member]	'	'	'
Credit Risk Profile by Credit Worthiness Category	'	'	'
Loans	3,373	4,100	'
Substandard [Member] | Residential Mortgage One To Four Family [Member]	'	'	'
Credit Risk Profile by Credit Worthiness Category	'	'	'
Loans	2,753	2,862	'
Substandard [Member] | Commercial Real Estate Other Receivable [Member]	'	'	'
Credit Risk Profile by Credit Worthiness Category	'	'	'
Loans	614	1,229	'
Substandard [Member] | Commercial Loan [Member]	'	'	'
Credit Risk Profile by Credit Worthiness Category	'	'	'
Loans	$6	$9	'

FAIR_VALUE_MEASUREMENTS_Detail

FAIR VALUE MEASUREMENTS (Details) (USD $)	Jun. 30, 2014	Sep. 30, 2013
Assets Measured at Fair Value	'	'
Available for sale securities	$9,298,000	$14,225,000
Fair Value Measurements Recurring [Member] | Fair Value Inputs Level1 [Member]	'	'
Assets Measured at Fair Value	'	'
Trading securities	560,000	1,048,000
Total assets	560,000	1,048,000
Fair Value Measurements Recurring [Member] | Fair Value Inputs Level2 [Member]	'	'
Assets Measured at Fair Value	'	'
Total assets	9,298,000	14,225,000
Fair Value Measurements Recurring [Member] | Fair Value Inputs Level2 [Member] | U S Government Corporations And Agencies Securities [Member]	'	'
Assets Measured at Fair Value	'	'
Available for sale securities	'	7,987,000
Fair Value Measurements Recurring [Member] | Fair Value Inputs Level2 [Member] | Mortgage Backed Securities [Member]	'	'
Assets Measured at Fair Value	'	'
Available for sale securities	9,298,000	6,238,000
Fair Value Measurements Recurring [Member] | Estimate Of Fair Value Fair Value Disclosure [Member]	'	'
Assets Measured at Fair Value	'	'
Trading securities	560,000	1,048,000
Total assets	9,858,000	15,273,000
Fair Value Measurements Recurring [Member] | Estimate Of Fair Value Fair Value Disclosure [Member] | U S Government Corporations And Agencies Securities [Member]	'	'
Assets Measured at Fair Value	'	'
Available for sale securities	'	7,987,000
Fair Value Measurements Recurring [Member] | Estimate Of Fair Value Fair Value Disclosure [Member] | Mortgage Backed Securities [Member]	'	'
Assets Measured at Fair Value	'	'
Available for sale securities	9,298,000	6,238,000
Fair Value Measurements Nonrecurring [Member]	'	'
Assets Measured at Fair Value	'	'
Total assets	0	0
Financial liabilities	$0	$0

FAIR_VALUE_MEASUREMENTS_Detail1

FAIR VALUE MEASUREMENTS (Details 2) (USD $)	Jun. 30, 2014	Sep. 30, 2013
In Thousands, unless otherwise specified
Financial assets:	'	'
Securities available-for-sale	$9,298	$14,225
Securities held-to-maturity	38,782	32,105
Accrued interest receivable	1,496	1,448
Carrying Reported Amount Fair Value Disclosure [Member]	'	'
Financial assets:	'	'
Cash and cash equivalents	28,433	37,134
Trading securities	560	1,048
Securities available-for-sale	9,298	14,225
Securities held-to-maturity	38,557	32,054
Federal Home Loan Bank stock	4,252	3,775
Loans, net	493,385	466,049
Accrued interest receivable	1,496	1,448
Financial liabilities:	'	'
Deposits	434,543	425,093
Short-term borrowings	2,000	6,000
Long-term debt	57,000	38,000
Estimate Of Fair Value Fair Value Disclosure [Member]	'	'
Financial assets:	'	'
Cash and cash equivalents	28,433	37,134
Trading securities	560	1,048
Securities available-for-sale	9,298	14,225
Securities held-to-maturity	38,782	32,105
Federal Home Loan Bank stock	4,252	3,775
Loans, net	493,446	466,899
Accrued interest receivable	1,496	1,448
Financial liabilities:	'	'
Deposits	434,856	425,536
Short-term borrowings	2,000	6,000
Long-term debt	57,165	38,168
Estimate Of Fair Value Fair Value Disclosure [Member] | Fair Value Inputs Level1 [Member]	'	'
Financial assets:	'	'
Cash and cash equivalents	28,433	37,134
Trading securities	560	1,048
Estimate Of Fair Value Fair Value Disclosure [Member] | Fair Value Inputs Level2 [Member]	'	'
Financial assets:	'	'
Securities available-for-sale	9,298	14,225
Securities held-to-maturity	38,782	32,105
Estimate Of Fair Value Fair Value Disclosure [Member] | Fair Value Inputs Level3 [Member]	'	'
Financial assets:	'	'
Federal Home Loan Bank stock	4,252	3,775
Loans, net	493,446	466,899
Accrued interest receivable	1,496	1,448
Financial liabilities:	'	'
Deposits	434,856	425,536
Short-term borrowings	2,000	6,000
Long-term debt	$57,165	$38,168

EARNINGS_PER_SHARE_Details

EARNINGS PER SHARE (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Computation of EPS (basic and diluted)	'	'	'	'
Net income applicable to common stock	$539	$598	$1,607	$1,824
Less: Undistributed earnings allocated to participating securities	-19	-21	-61	-67
Net income allocated to common stock	$520	$577	$1,546	$1,757
Average number of common shares issued	6,262,709	6,559,335	6,372,588	6,624,241
Less: Average unallocated ESOP shares	-449,836	-478,402	-457,004	-485,570
Less: Average unvested restricted stock awards (in shares)	-201,786	-211,120	-225,379	-225,257
Average number of common shares outstanding used to calculate basic earnings per common share	5,611,087	5,869,813	5,690,205	5,913,414
Add : Dilutive effect of unvested restricted stock awards (in shares)	58,818	35,239	52,724	37,056
Average number of common shares outstanding used to calculate diluted earnings per common share	5,678,343	5,905,052	5,745,742	5,950,470
Earnings per common share (basic and diluted) (in dollars per share)	$0.09	$0.10	$0.27	$0.30
Employee And Directors Stock Options [Member]	'	'	'	'
Computation of EPS (basic and diluted)	'	'	'	'
Add: Dilutive effect of share-based awards (in shares)	8,438	'	2,813	'

EARNINGS_PER_SHARE_Details_2

EARNINGS PER SHARE (Details 2) (Employee And Directors Stock Options [Member])	3 Months Ended		9 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Employee And Directors Stock Options [Member]	'	'	'	'
Antidilutive securities	'	'	'	'
Shares not included in computation of diluted earnings per share because of antidilutive effect	58,255	642,735	58,255	642,735

EMPLOYEE_BENEFIT_PLANS_Details

EMPLOYEE BENEFIT PLANS (Details) (USD $)	3 Months Ended		9 Months Ended			0 Months Ended	9 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Sep. 30, 2013	Jul. 06, 2010	Jun. 30, 2014
						Peoples Federal Savings Bank Employee Stock Ownership Plan Trust [Member]	Peoples Federal Savings Bank Employee Stock Ownership Plan Trust [Member]
Employee Stock Ownership Plan	'	'	'	'	'	'	'
Loan provided to ESOP	'	'	'	'	'	$5,713,000	'
Number of shares acquired by ESOP	'	'	'	'	'	571,320	'
Acquisition price per share (in dollars per share)	'	'	'	'	'	$10	'
Variable interest rate	'	'	'	'	'	'	'Wall Street Journal Prime Rate
Loan term	'	'	'	'	'	'20 years	'
Interest rate (as a percent)	'	'	'	'	'	'	3.25%
ESOP expense	131,000	132,000	384,000	380,000	'	'	'
Shares held by the ESOP Trust	'	'	'	'	'	'	'
Allocated (in shares)	111,887	'	111,887	'	83,321	'	'
Committed to be released (in shares)	14,283	'	14,283	'	21,425	'	'
Unallocated (in shares)	442,773	'	442,773	'	464,197	'	'
Total shares held by the ESOP Trust	568,943	'	568,943	'	568,943	'	'
Fair value of unallocated ESOP shares	$8,437,000	'	$8,437,000	'	$8,460,000	'	'

EMPLOYEE_BENEFIT_PLANS_Details1

EMPLOYEE BENEFIT PLANS (Details 2) (USD $)

Jun. 30, 2014

Jun. 30, 2014

Aug. 20, 2013

Feb. 21, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Sep. 30, 2013

Jun. 30, 2014

Aug. 20, 2013

Feb. 21, 2012

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Sep. 30, 2013

Aug. 20, 2013

Feb. 21, 2012

Jun. 30, 2014

Jun. 30, 2014

Employee And Directors Stock Options [Member]

Employee And Directors Stock Options [Member]

Employee And Directors Stock Options [Member]

Employee And Directors Stock Options [Member]

Employee And Directors Stock Options [Member]

Employee And Directors Stock Options [Member]

Employee And Directors Stock Options [Member]

Employee And Directors Stock Options [Member]

Employee And Directors Stock Options [Member]

Employee And Directors Stock Options [Member]

Employee And Directors Stock Options [Member]

Employee And Directors Stock Options [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock And Restricted Stock Units [Member]

Restricted Stock Units R S U [Member]

Maximum [Member]

Directors And Certain Employees [Member]

Directors And Certain Employees [Member]

Principal Owner [Member]

Directors And Certain Employees [Member]

Directors And Certain Employees [Member]

Maximum [Member]

Stock Plan

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Shares authorized for grant

999,810

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

357,075

'

Expiration term

'

'

'

'

'

'

'

'

'

'10 years

'

'

'5 years

'

'

'

'

'

'

'

'

'

'

Shares available for grant

'

'

'

'

0

'

0

'

'

'

'

'

'

'

0

'

0

'

'

'

'

'

0

Granted (in shares)

'

'

'

'

'

'

'

'

'

'

58,255

584,480

'

'

'

'

'

'

'

'

'

'

'

Weighted average grant date fair value (in dollars per share)

'

'

'

'

'

'

'

'

'

'

$2.37

$3.95

'

'

'

'

'

'

'

'

'

'

'

Vesting percentage

'

'

'

'

'

'

'

'

'

'

50.00%

20.00%

'

'

'

'

'

'

'

50.00%

20.00%

'

'

Vesting period

'

'

'

'

'

'

'

'

'

'

'2 years

'5 years

'

'

'

'

'

'

'

'2 years

'5 years

'

'

Weighted-average assumptions

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Expected dividends (as a percent)

'

'

0.90%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Expected term

'

'

'5 years 9 months

'10 years

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Expected volatility (as a percent)

'

'

11.51%

13.01%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Risk-free interest rate (as a percent)

'

'

1.84%

1.99%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Shares

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Outstanding at beginning of period (in shares)

'

642,735

'

'

'

'

642,735

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Outstanding at end of period (in shares)

'

'

'

'

642,735

'

642,735

'

642,735

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Exercisable at end of period (in shares)

'

'

'

'

233,792

'

233,792

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Weighted Average Exercise Price

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Outstanding at beginning of period (in dollars per share)

'

$15.74

'

'

'

'

$15.74

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Outstanding at end of period (in dollars per share)

'

'

'

'

$15.74

'

$15.74

'

$15.74

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Exercisable at end of period (in dollars per share)

'

'

'

'

$15.47

'

$15.47

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Additional disclosures

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Weighted Average Remaining Contractual Term, Outstanding

'

'

'

'

'

'

'7 years 8 months 12 days

'

'8 years 6 months

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Weighted Average Remaining Contractual Term, Exercisable

'

'

'

'

'

'

'7 years 7 months 6 days

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Aggregate Intrinsic Value, Outstanding (in dollars)

'

'

'

'

$2,222,000

'

$2,222,000

'

$2,213,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Aggregate Intrinsic Value, Exercisable (in dollars)

'

'

'

'

699,000

'

699,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Additional disclosures

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Granted (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

75,375

281,700

'

'

Fair value (in dollars per share)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$18.49

$15.47

'

'

Number of Shares

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Non-vested restricted stock awards at beginning of period (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

244,395

'

'

300,735

'

'

'

'

'

0

Shares vested (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-56,340

'

'

'

'

'

'

Non-vested restricted stock awards at end of period (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

244,395

'

244,395

'

'

'

'

'

0

Weighted Average Grant-date Fair Value

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Non-vested restricted stock awards at beginning of period (in dollars per share)

'

'

'

'

'

'

'

'

'

'

'

'

'

$16.40

'

'

$16.23

'

'

'

'

'

'

Shares vested (in dollars per share)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$15.47

'

'

'

'

'

'

Non-vested restricted stock awards at end of period (in dollars per share)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$16.40

'

$16.40

'

'

'

'

'

'

Share-based compensation

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Share-based compensation expense (in dollars)

'

'

'

'

133,000

116,000

398,000

346,000

'

'

'

'

'

'

392,000

218,000

1,200,000

654,000

'

'

'

'

'

Recognized tax benefit

'

'

'

'

34,000

20,000

103,000

60,000

'

'

'

'

'

'

156,000

87,000

469,000

261,000

'

'

'

'

'

Unrecognized share-based compensation expense (in dollars)

'

'

'

'

$1,300,000

'

$1,300,000

'

$1,700,000

'

'

'

'

'

$3,000,000

'

$3,000,000

'

$4,200,000

'

'

'

'

Weighted-average period for recognition of share-based compensation expense

'

'2 years 6 months

'

'

'

'

'

'

'

'

'

'

'

'2 years 6 months

'

'

'

'

'

'

'

'

'

DIVIDEND_DECLARED_Details

DIVIDEND DECLARED (Details) (USD $)	0 Months Ended
	Jul. 16, 2014
DIVIDEND DECLARED	'
Cash dividend declared (in dollars per share)	$0.05

SUBSEQUENT_EVENTS_Details

SUBSEQUENT EVENTS (Details) (Independent Bank Corporation [Member], USD $)	Aug. 04, 2014	Aug. 06, 2014	Aug. 06, 2014	Aug. 06, 2014
In Millions, except Per Share data, unless otherwise specified		Subsequent Event [Member]	Subsequent Event [Member]	Subsequent Event [Member]
		Peoples Federal Bancshares Incorporated [Member]	Peoples Federal Bancshares Incorporated [Member]	Peoples Federal Bancshares Incorporated [Member]
		Scenario Forecast [Member]	Common Stock [Member]	Cash [Member]
			Scenario Forecast [Member]	Scenario Forecast [Member]
Subsequent Events	'	'	'	'
Outstanding shares acquired (as a percent)	'	'	60.00%	40.00%
Exchange of shares, fixed exchange ratio	'	'	0.5523	'
Cash price (in dollars per share)	'	'	'	$21
Share closing price (in dollars per share)	$36.17	'	'	'
Transaction value (in dollars)	'	$130.60	'	'