Document_And_Entity_Informatio
Document And Entity Information | 9 Months Ended | |
Jun. 30, 2014 | Aug. 07, 2014 | |
Document And Entity Information [Abstract] | ' | ' |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 30-Jun-14 | ' |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Entity Registrant Name | 'Eureka Financial Corp. | ' |
Entity Central Index Key | '0001501350 | ' |
Current Fiscal Year End Date | '--09-30 | ' |
Entity Filer Category | 'Smaller Reporting Company | ' |
Entity Common Stock, Shares Outstanding | ' | 1,226,517 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Jun. 30, 2014 | Sep. 30, 2013 |
Assets: | ' | ' |
Cash and due from banks | $584,619 | $587,444 |
Interest-bearing deposits in other banks | 11,239,988 | 6,593,625 |
Cash and cash equivalents | 11,824,607 | 7,181,069 |
Investment securities available for sale | 6,867,456 | 6,291,877 |
Investment securities held to maturity (fair value of $2,704,688 and $2,586,765, respectively) | 2,772,110 | 2,776,027 |
Mortgage-backed securities available for sale | 6,272 | 8,834 |
Federal Home Loan Bank ("FHLB") stock, at cost | 499,200 | 237,400 |
Loans receivable, net of allowance for loan losses of $1,349,038 and $1,299,038, respectively | 126,616,899 | 121,446,463 |
Premises and equipment, net | 1,103,142 | 1,168,235 |
Deferred tax asset, net | 848,434 | 941,624 |
Accrued interest receivable and other assets | 1,333,325 | 898,472 |
Total Assets | 151,871,445 | 140,950,001 |
Liabilities and Stockholders' Equity: | ' | ' |
Non-interest bearing deposits | 5,345,578 | 5,010,755 |
Interest bearing deposits | 117,177,152 | 112,446,667 |
Total deposits | 122,522,730 | 117,457,422 |
FHLB advances | 4,500,000 | ' |
Advances from borrowers for taxes and insurance | 637,971 | 477,035 |
Accrued interest payable and other liabilities | 1,277,493 | 1,029,344 |
Total Liabilities | 128,938,194 | 118,963,801 |
Stockholders' Equity: | ' | ' |
Common stock, $.01 par value; 10,000,000 shares authorized; 1,246,843 shares outstanding at June 30, 2014; 1,255,819 shares outstanding at September 30, 2013 | 12,468 | 12,558 |
Paid-in capital | 10,596,346 | 10,647,396 |
Retained earnings - substantially restricted | 12,886,288 | 12,147,028 |
Accumulated other comprehensive loss | -145,281 | -361,394 |
Unearned ESOP shares | -416,570 | -459,388 |
Total Stockholders' Equity | 22,933,251 | 21,986,200 |
Total Liabilities and Stockholders' Equity | $151,871,445 | $140,950,001 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Jun. 30, 2014 | Sep. 30, 2013 |
Consolidated Balance Sheets [Abstract] | ' | ' |
Investment securities held to maturity, fair value | $2,704,688 | $2,586,765 |
Loans receivable, allowance | $1,349,038 | $1,299,038 |
Common stock, par value | $0.01 | $0.01 |
Common stock, shares authorized | 10,000,000 | 10,000,000 |
Common stock, shares outstanding | 1,246,843 | 1,255,819 |
Consolidated_Statements_Of_Inc
Consolidated Statements Of Income (USD $) | 3 Months Ended | 9 Months Ended | ||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | |
Interest Income | ' | ' | ' | ' |
Loans, including fees | $1,627,134 | $1,631,859 | $4,853,910 | $4,823,744 |
Investment securities and other interest-earning assets: | ' | ' | ' | ' |
Taxable | 58,673 | 40,354 | 148,684 | 190,434 |
Tax exempt | 22,198 | 20,372 | 67,308 | 55,984 |
Mortgage-backed securities | 90 | 211 | 359 | 694 |
Total Interest Income | 1,708,095 | 1,692,796 | 5,070,261 | 5,070,856 |
Interest Expense | ' | ' | ' | ' |
Deposits | 205,465 | 274,522 | 653,207 | 879,834 |
FHLB advances | 3,531 | ' | 10,147 | ' |
Total Interest Expense | 208,996 | 274,522 | 663,354 | 879,834 |
Net Interest Income | 1,499,099 | 1,418,274 | 4,406,907 | 4,191,022 |
Provision for Loan Losses | 25,000 | 40,000 | 50,000 | 122,000 |
Net Interest Income after Provision for Loan Losses | 1,474,099 | 1,378,274 | 4,356,907 | 4,069,022 |
Non-Interest Income | ' | ' | ' | ' |
Fees on deposit accounts | 8,452 | 9,728 | 24,198 | 27,787 |
Other income | 37,814 | 16,467 | 62,734 | 51,211 |
Total Non-Interest Income | 46,266 | 26,195 | 86,932 | 78,998 |
Non-Interest Expense | ' | ' | ' | ' |
Salaries and benefits | 547,466 | 499,141 | 1,609,654 | 1,485,514 |
Occupancy | 84,694 | 87,948 | 264,398 | 280,453 |
Data processing | 68,708 | 63,796 | 202,397 | 187,763 |
Professional fees | 90,665 | 75,491 | 250,044 | 216,125 |
FDIC insurance premiums | 18,150 | 17,835 | 51,700 | 50,243 |
Other | 102,271 | 108,540 | 351,627 | 356,959 |
Total Non-Interest Expenses | 911,954 | 852,751 | 2,729,820 | 2,577,057 |
Income Before Income Tax Provision | 608,411 | 551,718 | 1,714,019 | 1,570,963 |
Income Tax Provision | 206,017 | 202,901 | 599,878 | 548,627 |
Net Income | $402,394 | $348,817 | $1,114,141 | $1,022,336 |
Earnings per Common Share - Basic and Diluted | $0.34 | $0.29 | $0.93 | $0.83 |
Consolidated_Statement_Of_Comp
Consolidated Statement Of Comprehensive Income (USD $) | 3 Months Ended | 9 Months Ended | ||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | |
Consolidated Statement Of Comprehensive Income [Abstract] | ' | ' | ' | ' |
Net income | $402,394 | $348,817 | $1,114,141 | $1,022,336 |
Decrease (increase) in unrealized losses on available for sale securities | 140,279 | -117,055 | 327,443 | -124,807 |
Income tax effect | -47,695 | 39,798 | -111,330 | 42,434 |
Other comprehensive income (loss), net of tax | 92,584 | -77,257 | 216,113 | -82,373 |
Total comprehensive income | $494,978 | $271,560 | $1,330,254 | $939,963 |
Consolidated_Statement_Of_Chan
Consolidated Statement Of Changes In Stockholders' Equity (USD $) | Common Stock [Member] | Paid-In Capital [Member] | Retained Earnings [Member] | Accumulated Other Comprehensive Loss [Member] | Unearned ESOP Shares [Member] | Total |
Balance at Sep. 30, 2013 | $12,558 | $10,647,396 | $12,147,028 | ($361,394) | ($459,388) | $21,986,200 |
Balance, Shares at Sep. 30, 2013 | 1,255,819 | ' | ' | ' | ' | ' |
Net income | ' | ' | 1,114,141 | ' | ' | 1,114,141 |
Other comprehensive income | ' | ' | ' | 216,113 | ' | 216,113 |
Compensation expense related to restricted stock | ' | 59,346 | ' | ' | ' | 59,346 |
Compensation expense related to stock options | ' | 13,005 | ' | ' | ' | 13,005 |
Compensation expense on ESOP | ' | 37,335 | ' | ' | 42,818 | 80,153 |
Retirement of common stock | -90 | -160,736 | ' | ' | ' | -160,826 |
Retirement of common stock, Shares | -8,976 | ' | ' | ' | ' | ' |
Dividends on common stock ($.30 per share) | ' | ' | -374,881 | ' | ' | -374,881 |
Balance at Jun. 30, 2014 | $12,468 | $10,596,346 | $12,886,288 | ($145,281) | ($416,570) | $22,933,251 |
Balance, Shares at Jun. 30, 2014 | 1,246,843 | ' | ' | ' | ' | ' |
Consolidated_Statement_Of_Chan1
Consolidated Statement Of Changes In Stockholders' Equity (Parenthetical) (USD $) | 9 Months Ended |
Jun. 30, 2014 | |
Consolidated Statement Of Changes In Stockholders' Equity [Abstract] | ' |
Common stock, dividends per share | $0.30 |
Consolidated_Statements_Of_Cas
Consolidated Statements Of Cash Flows (USD $) | 9 Months Ended | |
Jun. 30, 2014 | Jun. 30, 2013 | |
OPERATING ACTIVITIES | ' | ' |
Net income | $1,114,141 | $1,022,336 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' |
Depreciation of premises and equipment | 112,449 | 85,277 |
Provision for loan losses | 50,000 | 122,000 |
Net accretion/amortization of discounts and premiums on securities and unamortized loan fees and costs | 1,050 | -2,474 |
Compensation expense for ESOP, restricted stock, and stock options | 152,504 | 139,771 |
(Increase) decrease in deferred tax expense | -18,140 | 201,733 |
Decrease in accrued interest receivable | 29,801 | 90,461 |
Decrease in accrued interest payable | -1,646 | -860 |
(Decrease) increase in retirement fund obligation | -33,957 | 179,500 |
(Increase) decrease in accrued federal income tax | -218,982 | 177,726 |
Other, net | 13,861 | -39,085 |
Net cash provided by operating activities | 1,201,081 | 1,976,385 |
INVESTING ACTIVITIES | ' | ' |
Proceeds from maturities and redemptions of investment securities available for sale | 1,500,000 | ' |
Proceeds from maturities and redemptions of investment securities held to maturity | 5,000 | 12,450,000 |
Purchase of investment securities available for sale | -1,750,000 | -7,000,000 |
Purchase of investment securities held to maturity | ' | -1,190,000 |
Net paydowns in mortgage-backed securities | 2,294 | 3,896 |
Purchase of FHLB stock | -361,800 | ' |
Redemption of FHLB stock | 100,000 | 243,100 |
Net increase in loans | -1,263,194 | -1,302,954 |
Commercial leases purchased | -3,957,242 | -7,601,142 |
Premises and equipment expenditures | -47,356 | -70,460 |
Net cash used for investing activities | -5,772,298 | -4,467,560 |
FINANCING ACTIVITIES | ' | ' |
Net increase in deposit accounts | 5,065,308 | 3,265,975 |
Proceeds from FHLB borrowings | 8,000,000 | ' |
Repayment of FHLB borrowings | -3,500,000 | ' |
Net increase (decrease) in advances from borrowers for taxes and insurance | 160,937 | -11,420 |
Retirement of common stock | -160,827 | -1,018,315 |
Payment of dividends | -350,663 | -209,247 |
Net cash provided by financing activities | 9,214,755 | 2,026,993 |
Net increase (decrease) in cash and cash equivalents | 4,643,538 | -464,182 |
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR | 7,181,069 | 8,109,594 |
CASH AND CASH EQUIVALENTS AT END OF PERIOD | 11,824,607 | 7,645,412 |
SUPPLEMENTAL INFORMATION | ' | ' |
Interest paid | 667,618 | 880,694 |
Income taxes paid | $787,000 | $255,000 |
Nature_Of_Operations_And_Signi
Nature Of Operations And Significant Accounting Policies | 9 Months Ended | |||||||||||
Jun. 30, 2014 | ||||||||||||
Nature Of Operations And Significant Accounting Policies [Abstract] | ' | |||||||||||
Nature Of Operations And Significant Accounting Policies | ' | |||||||||||
Note 1 — Nature of Operations and Significant Accounting Policies | ||||||||||||
Eureka Financial Corp., a Maryland corporation (the “Company”), and its wholly-owned subsidiary, Eureka Bank (the “Bank”), provide a variety of financial services to individuals and corporate customers through its main office and branch located in Southwestern Pennsylvania. The Bank’s primary deposit products are interest-bearing checking accounts, savings accounts and certificates of deposits. Its primary lending products are single-family residential loans, multi-family and commercial real estate loans, and commercial leases. | ||||||||||||
Unaudited Interim Financial Statements | ||||||||||||
The accompanying unaudited consolidated financial statements were prepared pursuant to the rules and regulations of the United States Securities and Exchange Commission (the “SEC”) for interim information. The accompanying unaudited consolidated financial statements for the interim periods include all adjustments, consisting of normal recurring accruals, which are necessary, in the opinion of management, to fairly reflect Eureka Financial Corp.’s consolidated financial position and results of operations. Additionally, these consolidated financial statements for the interim periods have been prepared in accordance with the instructions to the SEC’s Form 10-Q and Article 10 of Regulation S-X and therefore do not include all information or footnotes necessary for a complete presentation of financial condition, results of operations and cash flows in conformity with accounting principles generally accepted in the United States of America (“GAAP”). For further information, refer to the audited consolidated financial statements and footnotes thereto for the year ended September 30, 2013, as contained in the Company’s Annual Report on Form 10-K filed with the SEC on December 20, 2013. | ||||||||||||
The preparation of financial statements, in conformity with GAAP, requires management to make estimates and assumptions that affect the reported amounts in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses, valuation of deferred tax assets and other-than-temporary impairment of investment securities. The results of operations for the interim quarterly or year to date periods are not necessarily indicative of the results that may be expected for the entire fiscal year or any other period. | ||||||||||||
Earnings Per Share | ||||||||||||
Basic earnings per share excludes dilution and is computed by dividing net income by weighted-average shares outstanding. Unallocated shares held by the Bank’s employee stock ownership plan are not deemed outstanding for earnings per share calculations. Diluted earnings per share is computed by dividing net income by weighted-average shares outstanding plus potential common stock resulting from dilutive stock options. Common shares that have been repurchased are not deemed outstanding for earnings per share calculations. | ||||||||||||
The following is a reconciliation of the numerator and denominator of the basic and dilutive earnings per share computations for net income for the three and nine months ended June 30, 2014 and 2013. | ||||||||||||
For the Three Months Ended | For the Nine Months Ended | |||||||||||
June 30, | June 30, | |||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||
Weighted average common shares outstanding | 1,247,236 | 1,285,086 | 1,251,337 | 1,306,542 | ||||||||
Average unearned ESOP shares | -40,236 | -46,344 | -41,768 | -47,876 | ||||||||
Average unearned nonvested shares | -15,437 | -20,347 | -16,741 | -21,746 | ||||||||
Weighted average common shares and common | ||||||||||||
stock equivalents used to calculate | ||||||||||||
basic and diluted earnings per share | 1,191,563 | 1,218,395 | 1,192,828 | 1,236,920 | ||||||||
Additional common stock equivalents | ||||||||||||
(nonvested stock) used to calculate diluted | ||||||||||||
earnings per share | 938 | 1,802 | - | - | ||||||||
Additional common stock equivalents | ||||||||||||
(stock options) used to calculate diluted | ||||||||||||
earnings per share | 2,425 | - | 1,797 | - | ||||||||
Weighted average common shares and common | ||||||||||||
common stock equivalents used to calculate | ||||||||||||
basic and diluted earnings per share | 1,194,926 | 1,220,197 | 1,194,625 | 1,236,920 | ||||||||
Basic and diluted earnings per share | $ | 0.34 | $ | 0.29 | $ | 0.93 | $ | 0.83 | ||||
During the three and nine month periods ended June 30, 2014, options to purchase 64,907 shares of common stock at a price of $15.24 per share were outstanding during the period and were included in the computation of diluted earnings per share. | ||||||||||||
Options to purchase 64,907 shares of common stock at a price of $15.24 per share were outstanding during the period ended June 30, 2013. For the three months ended June 30, 2013, all of the options were considered dilutive based on the weighted average market value exceeding the weighted average stock price. For the nine months ended June 30, 2013, no shares were included in the computation of diluted earnings per share because doing so would have been anti-dilutive as the weighted average exercise price was in excess of the weighted average market value. | ||||||||||||
Reclassifications | ||||||||||||
Certain comparative amounts from the prior year period have been reclassified to conform to current period classifications. Such reclassifications had no effect on net income and stockholders’ equity. | ||||||||||||
Accumulated_Other_Comprehensiv
Accumulated Other Comprehensive Income | 9 Months Ended | ||||||
Jun. 30, 2014 | |||||||
Accumulated Other Comprehensive Income [Abstract] | ' | ||||||
Accumulated Other Comprehensive Income | ' | ||||||
Note 2 — Accumulated Other Comprehensive Income | |||||||
The following table presents the changes in accumulated comprehensive income by component net of tax for the three and nine month periods ended June 30, 2014: | |||||||
Unrealized Losses | Unrealized Losses | ||||||
on Available for Sale | on Available for Sale | ||||||
Securities | Securities | ||||||
Balance as of March 31, 2014 | $ | -237,865 | Balance as of September 30, 2013 | $ | -361,394 | ||
Other comprehensive income before reclassification | 92,584 | Other comprehensive income before reclassification | 216,113 | ||||
Total other comprehensive income | 92,584 | Total other comprehensive income | 216,113 | ||||
Balance as of June 30, 2014 | $ | -145,281 | Balance as of June 30, 2014 | $ | -145,281 | ||
Investment_Securities
Investment Securities | 9 Months Ended | |||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||
Investment Securities [Abstract] | ' | |||||||||||||||||
Investment Securities | ' | |||||||||||||||||
Note 3 — Investment Securities | ||||||||||||||||||
Investment securities available for sale consisted of the following at June 30, 2014 and September 30, 2013: | ||||||||||||||||||
30-Jun-14 | ||||||||||||||||||
Gross | Gross | |||||||||||||||||
Amortized | Unrealized | Unrealized | Fair | |||||||||||||||
Cost | Gains | Losses | Value | |||||||||||||||
Obligations of states | ||||||||||||||||||
and political subdivisions | $ | 591,599 | $ | 547 | $ | -10,440 | $ | 581,706 | ||||||||||
U.S. government agency | ||||||||||||||||||
securities | 6,494,934 | - | -210,684 | 6,285,750 | ||||||||||||||
$ | 7,086,533 | $ | 547 | $ | -221,124 | $ | 6,867,456 | |||||||||||
30-Sep-13 | ||||||||||||||||||
Gross | Gross | |||||||||||||||||
Amortized | Unrealized | Unrealized | Fair | |||||||||||||||
Cost | Gains | Losses | Value | |||||||||||||||
Obligations of states | ||||||||||||||||||
and political subdivisions | $ | 592,346 | $ | - | $ | -43,894 | $ | 548,452 | ||||||||||
U.S. government agency | ||||||||||||||||||
securities | 6,247,825 | - | -504,400 | 5,743,425 | ||||||||||||||
$ | 6,840,171 | $ | - | $ | -548,294 | $ | 6,291,877 | |||||||||||
U.S. government agency securities with carrying values of $5,786,300 and $450,850 at June 30, 2014 and September 30, 2013, respectively, were pledged to secure public deposits held by the Company. | ||||||||||||||||||
There were no sales of available for sale investment securities during the three or nine months ended June 30, 2014 or 2013. | ||||||||||||||||||
The amortized cost and fair value of securities available for sale at June 30, 2014 by contractual maturity are shown below. Expected maturities will differ from contractual maturities because borrowers might have the right to call or prepay obligations with or without call or prepayment penalties. | ||||||||||||||||||
30-Jun-14 | ||||||||||||||||||
Amortized | Fair | |||||||||||||||||
Cost | Value | |||||||||||||||||
Due after one year through five years | $ | 291,599 | $ | 292,146 | ||||||||||||||
Due after ten years | 6,794,934 | 6,575,310 | ||||||||||||||||
$ | 7,086,533 | $ | 6,867,456 | |||||||||||||||
Investment securities held to maturity consisted of the following at June 30, 2014 and September 30, 2013: | ||||||||||||||||||
30-Jun-14 | ||||||||||||||||||
Gross | Gross | |||||||||||||||||
Amortized | Unrealized | Unrealized | Fair | |||||||||||||||
Cost | Gains | Losses | Value | |||||||||||||||
Obligations of states | ||||||||||||||||||
and political subdivisions | $ | 2,022,110 | $ | 68,776 | $ | -43,198 | $ | 2,047,688 | ||||||||||
U.S. government agency | ||||||||||||||||||
securities | 750,000 | - | -93,000 | 657,000 | ||||||||||||||
Total | $ | 2,772,110 | $ | 68,776 | $ | -136,198 | $ | 2,704,688 | ||||||||||
30-Sep-13 | ||||||||||||||||||
Gross | Gross | |||||||||||||||||
Amortized | Unrealized | Unrealized | Fair | |||||||||||||||
Cost | Gains | Losses | Value | |||||||||||||||
Obligations of states | ||||||||||||||||||
and political subdivisions | $ | 2,026,027 | $ | 50,094 | $ | -113,206 | $ | 1,962,915 | ||||||||||
U.S. government agency | ||||||||||||||||||
securities | 750,000 | - | -126,150 | 623,850 | ||||||||||||||
Total | $ | 2,776,027 | $ | 50,094 | $ | -239,356 | $ | 2,586,765 | ||||||||||
U.S. government agency securities with carrying values of $657,000 and $623,850 at June 30, 2014 and September 30, 2013, respectively, were pledged to secure public deposits held by the Company. | ||||||||||||||||||
The amortized cost and fair value of securities held to maturity at June 30, 2014 by contractual maturity are shown below. Expected maturities will differ from contractual maturities because borrowers might have the right to call or prepay obligations with or without call or prepayment penalties. | ||||||||||||||||||
30-Jun-14 | ||||||||||||||||||
Amortized | Fair | |||||||||||||||||
Cost | Value | |||||||||||||||||
Due after five years through ten years | $ | 488,241 | $ | 548,898 | ||||||||||||||
Due after ten years | 2,283,869 | 2,155,790 | ||||||||||||||||
Total | $ | 2,772,110 | $ | 2,704,688 | ||||||||||||||
Temporarily impaired investments consisted of the following at June 30, 2014 and September 30, 2013: | ||||||||||||||||||
30-Jun-14 | ||||||||||||||||||
Less than 12 Months | More than 12 Months | Total | ||||||||||||||||
Gross | Gross | Gross | ||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | |||||||||||||
Value | Losses | Value | Losses | Value | Losses | |||||||||||||
Obligations of states | ||||||||||||||||||
and political subdivisions | $ | 880,380 | $ | -14,612 | $ | 604,520 | $ | -39,026 | $ | 1,484,900 | $ | -53,638 | ||||||
U.S. government agency | ||||||||||||||||||
securities | 2,906,875 | -91,650 | 2,785,875 | -212,034 | 5,692,750 | -303,684 | ||||||||||||
$ | 3,787,255 | $ | -106,262 | $ | 3,390,395 | $ | -251,060 | $ | 7,177,650 | $ | -357,322 | |||||||
30-Sep-13 | ||||||||||||||||||
Less than 12 Months | More than 12 Months | Total | ||||||||||||||||
Gross | Gross | Gross | ||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | |||||||||||||
Value | Losses | Value | Losses | Value | Losses | |||||||||||||
Obligations of states | ||||||||||||||||||
and political subdivisions | $ | 1,376,627 | $ | -157,100 | $ | - | $ | - | $ | 1,376,627 | $ | -157,100 | ||||||
U.S. government agency | ||||||||||||||||||
securities | 6,367,275 | -630,550 | - | - | 6,367,275 | -630,550 | ||||||||||||
$ | 7,743,902 | $ | -787,650 | $ | - | $ | - | $ | 7,743,902 | $ | -787,650 | |||||||
The Company reviews its position quarterly and has asserted that at June 30, 2014, the declines outlined in the above table represent temporary declines. The Company does not intend to sell and does not believe they will be required to sell these securities before recovery of their cost basis, which may be at maturity. All investments are interest rate sensitive. These investments earn interest at fixed and adjustable rates. The adjustable rate instruments are generally linked to an index, such as the three-month LIBOR rate, plus or minus a variable. The value of these instruments fluctuates with interest rates. | ||||||||||||||||||
The Company had 14 securities in an unrealized loss position at June 30, 2014. The Company has concluded that the unrealized losses disclosed above are not other than temporary but are the result of interest rate changes or sector credit ratings changes that are not expected to result in the non-collection of principal and interest during the period. The Company’s current intention is not to sell any impaired securities and it is more likely than not it will not be required to sell these securities before the recovery of its amortized cost basis. | ||||||||||||||||||
MortgageBacked_Securities
Mortgage-Backed Securities | 9 Months Ended | |||||||||||
Jun. 30, 2014 | ||||||||||||
Mortgage-Backed Securities [Abstract] | ' | |||||||||||
Mortgage-Backed Securities | ' | |||||||||||
Note 4 — Mortgage-Backed Securities | ||||||||||||
The amortized cost and fair values of mortgage-backed securities, all of which are government-sponsored entities secured by residential real estate and are available for sale, are summarized as follows: | ||||||||||||
30-Jun-14 | ||||||||||||
Gross | Gross | |||||||||||
Amortized | Unrealized | Unrealized | Fair | |||||||||
Cost | Gains | Losses | Value | |||||||||
Freddie Mac Certificates | $ | 924 | $ | 40 | $ | - | $ | 964 | ||||
Fannie Mae Certificates | 4,893 | 415 | - | 5,308 | ||||||||
$ | 5,817 | $ | 455 | $ | - | $ | 6,272 | |||||
30-Sep-13 | ||||||||||||
Gross | Gross | |||||||||||
Amortized | Unrealized | Unrealized | Fair | |||||||||
Cost | Gains | Losses | Value | |||||||||
Freddie Mac Certificates | $ | 1,183 | $ | 91 | $ | - | $ | 1,274 | ||||
Fannie Mae Certificates | 6,923 | 637 | - | 7,560 | ||||||||
$ | 8,106 | $ | 728 | $ | - | $ | 8,834 | |||||
There were no sales of mortgage-backed securities during the nine months ended June 30, 2014 and 2013 and there were no temporarily impaired mortgage-backed securities at June 30, 2014 or September 30, 2013. In addition, the Company had no securities in an unrealized loss position at June 30, 2014 or September 30, 2013. | ||||||||||||
The amortized cost and fair values of mortgage-backed securities at June 30, 2014 by contractual maturity are shown below. Expected maturities will differ from contractual maturities because borrowers have the right to repay obligations without penalty. | ||||||||||||
30-Jun-14 | ||||||||||||
Amortized | Fair | |||||||||||
Cost | Value | |||||||||||
Due after one year through five years | $ | 4,256 | $ | 4,551 | ||||||||
Due after five years through ten years | 472 | 493 | ||||||||||
Due after ten years | 1,089 | 1,228 | ||||||||||
$ | 5,817 | $ | 6,272 | |||||||||
Commitments
Commitments | 9 Months Ended |
Jun. 30, 2014 | |
Commitments [Abstract] | ' |
Commitments | ' |
Note 6 — Commitments | |
The Company’s maximum exposure to credit loss for loan and lease commitments (unfunded loans and leases) at June 30, 2014 and September 30, 2013 was approximately $14,501,259 and $10,726,000, respectively, with interest rates from 1.20% to 6.75%. Fixed rate loan commitments at June 30, 2014 and September 30, 2013 were approximately $7,694,000 and $3,256,000, respectively, with fixed rates of interest ranging from 1.20% to 6.75% and 3.75% to 6.75%, respectively. | |
In the normal course of business, there are various outstanding commitments and contingent liabilities, such as commitments to extend credit which are not reflected in the accompanying consolidated financial statements. These commitments involve, to varying degrees, elements of credit risk in excess of amounts recognized in the consolidated balance sheets. | |
Loan commitments are made to accommodate the financial needs of the Company’s customers. These arrangements have credit risk essentially the same as that involved in extending loans to customers and are subject to the Company’s normal credit policies and loan underwriting standards. Collateral is obtained based on management’s credit assessment of the customer. Management currently expects no loss from these activities. | |
Fair_Value_Measurements_And_Fa
Fair Value Measurements And Fair Values Of Financial Instruments | 9 Months Ended | |||||||||||||
Jun. 30, 2014 | ||||||||||||||
Fair Value Measurements And Fair Values Of Financial Instruments [Abstract] | ' | |||||||||||||
Fair Value Measurements And Fair Values Of Financial Instruments | ' | |||||||||||||
Note 7 — Fair Value Measurements and Fair Values of Financial Instruments | ||||||||||||||
Management uses its best judgment in estimating the fair value of the Company’s financial instruments; however, there are inherent weaknesses in any estimation technique. Therefore, for substantially all financial instruments, the fair value estimates herein are not necessarily indicative of the amounts the Company could have realized in a sales transaction on the dates indicated. The estimated fair value amounts have been measured as of their respective year-ends and have not been re-evaluated or updated for purposes of these financial statements subsequent to those respective dates. As such, the estimated fair values of these financial instruments subsequent to the respective reporting dates may be different than the amounts reported at each year-end. | ||||||||||||||
The Company follows a fair value hierarchy that prioritizes the inputs to valuation methods used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy as follows: | ||||||||||||||
Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities. | ||||||||||||||
Level 2: Quoted prices in markets that are not active, or inputs that are observable either directly or indirectly, for substantially the full term of the asset or liability. | ||||||||||||||
Level 3: Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (i.e., supported with little or no market activity). | ||||||||||||||
An asset’s or liability’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. | ||||||||||||||
For financial assets measured at fair value on a recurring basis, the fair value measurements by level within the fair value hierarchy used at June 30, 2014 and September 30, 2013 are as follows: | ||||||||||||||
30-Jun-14 | ||||||||||||||
Level I | Level II | Level III | Total | |||||||||||
Description | ||||||||||||||
Mortgage-backed securities available for sale | $ | - | $ | 6,272 | $ | - | $ | 6,272 | ||||||
Obligations of states and political subdivisions | - | 581,706 | - | 581,706 | ||||||||||
available for sale | ||||||||||||||
U.S. government agency securities | - | 6,285,750 | - | 6,285,750 | ||||||||||
available for sale | ||||||||||||||
Total | $ | - | $ | 6,873,728 | $ | - | $ | 6,873,728 | ||||||
30-Sep-13 | ||||||||||||||
Level I | Level II | Level III | Total | |||||||||||
Description | ||||||||||||||
Mortgage-backed securities available for sale | $ | - | $ | 8,834 | $ | - | $ | 8,834 | ||||||
Obligations of states and political subdivisions | - | 548,452 | - | 548,452 | ||||||||||
available for sale | ||||||||||||||
U.S. government agency securities | - | 5,743,425 | - | 5,743,425 | ||||||||||
available for sale | ||||||||||||||
$ | - | $ | 6,300,711 | $ | - | $ | 6,300,711 | |||||||
The following table presents the financial assets measured at fair value on a recurring basis as of June 30, 2014 and September 30, 2013 by level within the fair value hierarchy. Impaired loans that are collateral dependent are written down to fair value through the establishment of specific reserves. Techniques used to value the collateral that secure the impaired loan include: quoted market prices for identical assets classified as Level I inputs, employed by certified appraisers, for similar assets classified as Level II inputs. In cases where valuation techniques include inputs that are unobservable and are based on estimates and assumptions developed by management based on the best information available under each circumstance, the asset valuation is classified as Level III inputs. | ||||||||||||||
30-Jun-14 | ||||||||||||||
Level I | Level II | Level III | Total | |||||||||||
Description | ||||||||||||||
Assets measured at fair value on a nonrecurring basis: | ||||||||||||||
Impaired loans | $ | - | $ | - | $ | 853,906 | $ | 853,906 | ||||||
September 30, 2013 | ||||||||||||||
Level I | Level II | Level III | Total | |||||||||||
Description | ||||||||||||||
Assets measured at fair value on a nonrecurring basis: | ||||||||||||||
Impaired loans | $ | - | $ | - | $ | 866,411 | $ | 866,411 | ||||||
The following tables present additional quantitative information about level III assets measured at fair value on a nonrecurring basis as of June 30, 2014 and September 30, 2013 and for which the Bank uses Level III inputs to determine fair value: | ||||||||||||||
30-Jun-14 | ||||||||||||||
Range | ||||||||||||||
Valuation | Unobservable | (Weighted | ||||||||||||
Fair Value | Technique | Inputs | Average) | |||||||||||
Impaired Loans | $ | 429,989 | Discounted | Probability of | - | |||||||||
cash flow | default | |||||||||||||
423,917 | Fair Value | Appraisal | 20 | % | ||||||||||
of collateral (1) | adjustments (2) | |||||||||||||
$ | 853,906 | |||||||||||||
30-Sep-13 | ||||||||||||||
Range | ||||||||||||||
Valuation | Unobservable | (Weighted | ||||||||||||
Fair Value | Technique | Inputs | Average) | |||||||||||
Impaired Loans | $ | 442,494 | Discounted | Probability of | - | |||||||||
cash flow | default | |||||||||||||
423,917 | Fair Value | Appraisal | 20 | % | ||||||||||
of collateral (1) | adjustments (2) | |||||||||||||
$ | 866,411 | |||||||||||||
(1) Fair value is generally determined through independent appraisals of the underlying collateral, which generally includes various Level III inputs which are not identifiable. | ||||||||||||||
(2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range and weighted average of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal. | ||||||||||||||
The following information should not be interpreted as an estimate of the fair value of the entire Company since a fair value calculation is only provided for a limited portion of the Company’s assets and liabilities. Due to a wide range of valuation techniques and the degree of subjectivity used in making the estimates, comparisons between the Company’s disclosures and those of other companies may not be meaningful. The following methods and assumptions that are presented below the following table were used to estimate fair values of the Company’s financial instruments at June 30, 2014 and September 30, 2013: | ||||||||||||||
30-Jun-14 | ||||||||||||||
Carrying | Total | |||||||||||||
Value | Level I | Level II | Level III | Fair Value | ||||||||||
Financial assets: | ||||||||||||||
Cash and cash equivalents | $ | 11,824,607 | $ | 11,824,607 | $ | - | $ | - | $ | 11,824,607 | ||||
Investment securities available for sale | 6,867,456 | - | 6,867,456 | - | 6,867,456 | |||||||||
Investment securities held to maturity | 2,772,110 | - | 2,704,688 | - | 2,704,688 | |||||||||
Mortgage-backed securities available for sale | 6,272 | - | 6,272 | - | 6,272 | |||||||||
FHLB stock | 499,200 | 499,200 | - | - | 499,200 | |||||||||
Loans receivable, net | 126,616,899 | - | - | 133,282,000 | 133,282,000 | |||||||||
Accrued interest receivable | 491,812 | 491,812 | - | - | 491,812 | |||||||||
Financial liabilities: | ||||||||||||||
Deposits | $ | 122,522,730 | $ | 53,940,626 | $ | - | $ | 68,659,000 | $ | 122,599,626 | ||||
FHLB advances | 4,500,000 | - | 4,500,000 | - | 4,500,000 | |||||||||
Advances from borrowers for taxes and | ||||||||||||||
insurance | 637,971 | 637,971 | - | - | 637,971 | |||||||||
Accrued interest payable | 82,001 | 82,001 | - | - | 82,001 | |||||||||
30-Sep-13 | ||||||||||||||
Carrying | Total | |||||||||||||
Value | Level I | Level II | Level III | Fair Value | ||||||||||
Financial assets: | ||||||||||||||
Cash and cash equivalents | $ | 7,181,069 | $ | 7,181,069 | $ | - | $ | - | $ | 7,181,069 | ||||
Investment securities available for sale | 6,291,877 | - | 6,291,877 | - | 6,291,877 | |||||||||
Investment securities held to maturity | 2,776,027 | - | 2,586,765 | - | 2,586,765 | |||||||||
Mortgage-backed securities available for sale | 8,834 | - | 8,834 | - | 8,834 | |||||||||
FHLB stock | 237,400 | 237,400 | - | - | 237,400 | |||||||||
Loans receivable, net | 121,446,463 | - | - | 127,426,461 | 127,426,461 | |||||||||
Accrued interest receivable | 521,613 | 521,613 | - | - | 521,613 | |||||||||
Financial liabilities: | ||||||||||||||
Deposits | $ | 117,457,422 | $ | 49,726,623 | $ | - | $ | 67,762,800 | $ | 117,489,423 | ||||
Advances from borrowers for taxes and | ||||||||||||||
insurance | 477,035 | 477,035 | - | - | 477,035 | |||||||||
Accrued interest payable | 83,646 | 83,646 | - | - | 83,646 | |||||||||
Cash and Cash Equivalents | ||||||||||||||
The carrying amount is a reasonable estimate of fair value. | ||||||||||||||
Securities | ||||||||||||||
The fair value of securities available for sale (carried at fair value) and held to maturity (carried at amortized cost) are determined by obtaining quoted market prices on nationally recognized securities exchanges (Level 1), or matrix pricing (Level 2), which is a mathematical technique used widely in the industry to value debt securities without relying exclusively on quoted market prices for the specific securities but rather by relying on the securities’ relationship to other benchmark quoted prices. For certain securities which are not traded in active markets or are subject to transfer restrictions, valuations are adjusted to reflect illiquidy and/or non-transferability, and such adjustments are generally based on available market evidence (Level 3). In the absence of such evidence, management’s best estimate is used. Management’s best estimate consists of both internal and external support on certain Level 3 investments. Internal cash flow models using a present value formula that includes assumptions market participants would use along with indicative exit pricing obtained from broker/dealers (where available) were used to support fair values of certain Level 3 investments. | ||||||||||||||
FHLB Stock | ||||||||||||||
The carrying value of the FHLB stock is a reasonable estimate of fair value due to restrictions on the securities. | ||||||||||||||
Loans Receivable | ||||||||||||||
The fair values for one-to four-family residential loans are estimated using discounted cash flow analysis using fields from similar products in the secondary markets. The carrying amount of construction loans approximated its fair value given their short-term nature. The fair values of consumer and commercial loans are estimated using discounted cash flow analysis, using interest rates reported in various government releases and the Company’s own product pricing schedule for loans with terms similar to the Company’s. The fair values of multi-family and nonresidential mortgages are estimated using discounted cash flow analysis, using interest rates based on a national survey of similar loans. | ||||||||||||||
Accrued Interest Receivable | ||||||||||||||
The carrying amount is a reasonable estimate of fair value. | ||||||||||||||
Deposit Liabilities | ||||||||||||||
The fair values disclosed for demand deposits are, by definition, equal to the amount payable on demand at the repricing date (i.e., their carrying amounts). Fair values of certificates of deposits are estimated using a discounted cash flow calculation that applies a comparable FHLB advance rate to the aggregated weighted average maturity on time deposits. | ||||||||||||||
Advances from Borrowers for Taxes and Insurance | ||||||||||||||
The fair value of advances from borrowers for taxes and insurance is the amount payable on demand at the reporting date. | ||||||||||||||
FHLB Advances | ||||||||||||||
All FHLB advances are overnight borrowings. The carrying amount is a reasonable estimate of fair value. | ||||||||||||||
Accrued Interest Payable | ||||||||||||||
The carrying amount is a reasonable estimate of fair value. | ||||||||||||||
Off-Balance Sheet Commitments | ||||||||||||||
The values of off-balance sheet commitments are based on their carrying value, taking into account the remaining terms and conditions of the agreement. | ||||||||||||||
Capital_Requirements
Capital Requirements | 9 Months Ended | |||||||||||||||
Jun. 30, 2014 | ||||||||||||||||
Capital Requirements [Abstract] | ' | |||||||||||||||
Capital Requirements | ' | |||||||||||||||
Note 8 — Capital Requirements | ||||||||||||||||
The Bank is subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory, and possibly additional discretionary, actions by regulators that, if undertaken, could have a direct material effect on the Bank’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of the Bank’s assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. The Bank’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk-weightings and other factors. | ||||||||||||||||
The Bank may not declare or pay a cash dividend if the effect thereof would cause its net worth to be reduced below either the amounts required for the liquidation account established in connection with the Bank’s “second-step” conversion or the regulatory capital requirements imposed by federal and state regulations. | ||||||||||||||||
The most recent notification from the Office of the Comptroller of the Currency categorized the Bank as “well capitalized” under the regulatory framework for prompt corrective action. To be categorized as “well capitalized” the Bank must maintain minimum total risk based, core and tangible ratios as set forth in the accompanying table. There are no conditions or events since the notification that management believed has changed the institution’s category. The following shows the Bank’s compliance with regulatory capital standards at June 30, 2014 and September 30, 2013: | ||||||||||||||||
To be well Capitalized | ||||||||||||||||
under Prompt | ||||||||||||||||
For Capital Adequacy | Corrective Action | |||||||||||||||
Actual | Purposes | Provisions | ||||||||||||||
Amount | Ratio | Amount | Ratio | Amount | Ratio | |||||||||||
(in thousands) | ||||||||||||||||
As of June 30, 2014 | ||||||||||||||||
Total capital (to risk-weighted assets) | $ 23,620 | 24.24% | > | $ 7,795 | >8.00% | > | $ 9,744 | >10.00% | ||||||||
Tier 1 capital (to risk-weighted assets) | 22,402 | 22.99% | > | 3,898 | >4.00% | > | 5,846 | >6.00% | ||||||||
Core (Tier 1) capital (to adjusted total assets) | 22,402 | 14.60% | > | 6,136 | >4.00% | > | 7,670 | >5.00% | ||||||||
As of September 30, 2013 | ||||||||||||||||
Total capital (to risk-weighted assets) | $ 22,351 | 23.80% | > | $ 7,513 | >8.00% | > | $ 9,391 | >10.00% | ||||||||
Tier 1 capital (to risk-weighted assets) | 21,176 | 22.55% | > | 3,756 | >4.00% | > | 5,634 | >6.00% | ||||||||
Core (Tier 1) capital (to adjusted total assets) | 21,176 | 14.91% | > | 5,682 | >4.00% | > | 7,102 | >5.00% | ||||||||
The following is a reconciliation of the Bank’s equity under accounting principles generally accepted in the United States of America to regulatory capital as of June 30, 2014 and September 30, 2013: | ||||||||||||||||
June 30, | September 30, | |||||||||||||||
2014 | 2013 | |||||||||||||||
(in thousands) | (in thousands) | |||||||||||||||
Total equity | $ 22,257 | $ 20,815 | ||||||||||||||
Unrealized loss on securities available-for-sale | 145 | 361 | ||||||||||||||
Tier 1 capital | $ 22,402 | 21,176 | ||||||||||||||
Allowable allowances for loan and lease losses | 1,218 | 1,175 | ||||||||||||||
Total risk-based capital | $ 23,620 | $ 22,351 | ||||||||||||||
Recent_Accounting_Pronouncemen
Recent Accounting Pronouncements | 9 Months Ended |
Jun. 30, 2014 | |
Recent Accounting Pronouncements [Abstract] | ' |
Recent Accounting Pronouncements | ' |
Note 9 — Recent Accounting Pronouncements | |
In June 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2013-08, Financial Services – Investment Companies (Topic 946): Amendments to the Scope, Measurement, and Disclosure Requirements. The amendments in this Update affect the scope, measurement, and disclosure requirements for investment companies under U.S. GAAP. The amendments do all of the following: (1) change the approach to the investment company assessment in Topic 946, clarify the characteristics of an investment company, and provide comprehensive guidance for assessing whether an entity is an investment company; (2) require an investment company to measure noncontrolling ownership interests in other investment companies at fair value rather than using the equity method of accounting; and (3) require the following additional disclosures: (a) the fact that the entity is an investment company and is applying the guidance in Topic 946, (b) information about changes, if any, in an entity’s status as an investment company, and (c) information about financial support provided or contractually required to be provided by an investment company to any of its investees. The amendments in this Update are effective for an entity’s interim and annual reporting periods in fiscal years that begin after December 15, 2013. Earlier application is prohibited. This Update is not expected to have a material impact on the Company’s financial statements. | |
In July 2013, the FASB issued ASU 2013-11, Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. This Update applies to all entities that have unrecognized tax benefits when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists at the reporting date. An unrecognized tax benefit, or a portion of an unrecognized tax benefit, should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward, except as follows. To the extent a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position or the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. The assessment of whether a deferred tax asset is available is based on the unrecognized tax benefit and deferred tax asset that exist at the reporting date and should be made presuming disallowance of the tax position at the reporting date. The amendments in this Update are effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. The amendments should be applied prospectively to all unrecognized tax benefits that exist at the effective date. Retrospective application is permitted. This Update is not expected to have a material impact on the Company’s financial statements. | |
In January 2014, the FASB issued ASU 2014-01, Investments – Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Qualified Affordable Housing Projects. The amendments in this Update permit reporting entities to make an accounting policy election to account for their investments in qualified affordable housing projects using the proportional amortization method if certain conditions are met. Under the proportional amortization method, an entity amortizes the initial cost of the investment in proportion to the tax credits and other tax benefits received and recognizes the net investment performance in the income statement as a component of income tax expense (benefit). The amendments in this Update should be applied retrospectively to all periods presented. A reporting entity that uses the effective yield method to account for its investments in qualified affordable housing projects before the date of adoption may continue to apply the effective yield method for those preexisting investments. The amendments in this Update are effective for public business entities for annual periods and interim reporting periods within those annual periods, beginning after December 15, 2014. Early adoption is permitted. This Update is not expected to have a material impact on the Company’s financial statements. | |
In January 2014, the FASB issued ASU 2014-04, Receivables – Troubled Debt Restructurings by Creditors (Subtopic 310-40): Reclassification of Residential Real Estate Collateralized Consumer Mortgage Loans upon Foreclosure. The amendments in this Update clarify that an in substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either (1) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement. Additionally, the amendments require interim and annual disclosure of both (1) the amount of foreclosed residential real estate property held by the creditor and (2) the recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure according to local requirements of the applicable jurisdiction. The amendments in this Update are effective for public business entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. An entity can elect to adopt the amendments in this Update using either a modified retrospective transition method or a prospective transition method. This Update is not expected to have a material impact on the Company’s financial statements. | |
In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (a new revenue recognition standard). The Update’s core principle is that a company will recognize revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In addition, this update specifies the accounting for certain costs to obtain or fulfill a contract with a customer and expands disclosure requirements for revenue recognition. This Update is effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. The Company is evaluating the effect of adopting this new accounting Update. | |
In June 2014, the FASB issued ASU 2014-11, Transfers and Servicing (Topic 860): Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures. The amendments in this Update change the accounting for repurchase-to-maturity transactions to secured borrowing accounting. For repurchase financing arrangements, the amendments require separate accounting for a transfer of a financial asset executed contemporaneously with a repurchase agreement with the same counterparty, which will result in secured borrowing accounting for the repurchase agreement. The amendments also require enhanced disclosures. The accounting changes in this Update are effective for the first interim or annual period beginning after December 15, 2014. An entity is required to present changes in accounting for transactions outstanding on the effective date as a cumulative-effect adjustment to retained earnings as of the beginning of the period of adoption. Earlier application is prohibited. The disclosure for certain transactions accounted for as a sale is required to be presented for interim and annual periods beginning after December 15, 2014, and the disclosure for repurchase agreements, securities lending transactions, and repurchase-to-maturity transactions accounted for as secured borrowings is required to be presented for annual periods beginning after December 15, 2014, and for interim periods beginning after March 15, 2015. The disclosures are not required to be presented for comparative periods before the effective date. This Update is not expected to have a material impact on the Company’s financial statements. | |
In June 2014, the FASB issued ASU 2014-12, Compensation-Stock Compensation (Topic 718): Accounting for Share-Based Payments when the Terms of an Award Provide that a Performance Target Could Be Achieved After the Requisite Service Period. The amendments require that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. The amendments in this Update are effective for annual periods and interim periods within those annual periods beginning after December 15, 2015. Earlier adoption is permitted. Entities may apply the amendments in this Update either (a) prospectively to all awards granted or modified after the effective date or (b) retrospectively to all awards with performance targets that are outstanding as of the beginning of the earliest annual period presented in the financial statements and to all new or modified awards thereafter. If retrospective transition is adopted, the cumulative effect of applying this Update as of the beginning of the earliest annual period presented in the financial statements should be recognized as an adjustment to the opening retained earnings balance at that date. Additionally, if retrospective transition is adopted, an entity may use hindsight in measuring and recognizing the compensation cost. This Update is not expected to have a material impact on the Company’s financial statements. | |
Nature_Of_Operations_And_Signi1
Nature Of Operations And Significant Accounting Policies (Policy) | 9 Months Ended | |||||||||||
Jun. 30, 2014 | ||||||||||||
Nature Of Operations And Significant Accounting Policies [Abstract] | ' | |||||||||||
Unaudited Interim Financial Statements | ' | |||||||||||
Unaudited Interim Financial Statements | ||||||||||||
The accompanying unaudited consolidated financial statements were prepared pursuant to the rules and regulations of the United States Securities and Exchange Commission (the “SEC”) for interim information. The accompanying unaudited consolidated financial statements for the interim periods include all adjustments, consisting of normal recurring accruals, which are necessary, in the opinion of management, to fairly reflect Eureka Financial Corp.’s consolidated financial position and results of operations. Additionally, these consolidated financial statements for the interim periods have been prepared in accordance with the instructions to the SEC’s Form 10-Q and Article 10 of Regulation S-X and therefore do not include all information or footnotes necessary for a complete presentation of financial condition, results of operations and cash flows in conformity with accounting principles generally accepted in the United States of America (“GAAP”). For further information, refer to the audited consolidated financial statements and footnotes thereto for the year ended September 30, 2013, as contained in the Company’s Annual Report on Form 10-K filed with the SEC on December 20, 2013. | ||||||||||||
The preparation of financial statements, in conformity with GAAP, requires management to make estimates and assumptions that affect the reported amounts in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses, valuation of deferred tax assets and other-than-temporary impairment of investment securities. The results of operations for the interim quarterly or year to date periods are not necessarily indicative of the results that may be expected for the entire fiscal year or any other period. | ||||||||||||
Earnings Per Share | ' | |||||||||||
Earnings Per Share | ||||||||||||
Basic earnings per share excludes dilution and is computed by dividing net income by weighted-average shares outstanding. Unallocated shares held by the Bank’s employee stock ownership plan are not deemed outstanding for earnings per share calculations. Diluted earnings per share is computed by dividing net income by weighted-average shares outstanding plus potential common stock resulting from dilutive stock options. Common shares that have been repurchased are not deemed outstanding for earnings per share calculations. | ||||||||||||
The following is a reconciliation of the numerator and denominator of the basic and dilutive earnings per share computations for net income for the three and nine months ended June 30, 2014 and 2013. | ||||||||||||
For the Three Months Ended | For the Nine Months Ended | |||||||||||
June 30, | June 30, | |||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||
Weighted average common shares outstanding | 1,247,236 | 1,285,086 | 1,251,337 | 1,306,542 | ||||||||
Average unearned ESOP shares | -40,236 | -46,344 | -41,768 | -47,876 | ||||||||
Average unearned nonvested shares | -15,437 | -20,347 | -16,741 | -21,746 | ||||||||
Weighted average common shares and common | ||||||||||||
stock equivalents used to calculate | ||||||||||||
basic and diluted earnings per share | 1,191,563 | 1,218,395 | 1,192,828 | 1,236,920 | ||||||||
Additional common stock equivalents | ||||||||||||
(nonvested stock) used to calculate diluted | ||||||||||||
earnings per share | 938 | 1,802 | - | - | ||||||||
Additional common stock equivalents | ||||||||||||
(stock options) used to calculate diluted | ||||||||||||
earnings per share | 2,425 | - | 1,797 | - | ||||||||
Weighted average common shares and common | ||||||||||||
common stock equivalents used to calculate | ||||||||||||
basic and diluted earnings per share | 1,194,926 | 1,220,197 | 1,194,625 | 1,236,920 | ||||||||
Basic and diluted earnings per share | $ | 0.34 | $ | 0.29 | $ | 0.93 | $ | 0.83 | ||||
During the three and nine month periods ended June 30, 2014, options to purchase 64,907 shares of common stock at a price of $15.24 per share were outstanding during the period and were included in the computation of diluted earnings per share. | ||||||||||||
Options to purchase 64,907 shares of common stock at a price of $15.24 per share were outstanding during the period ended June 30, 2013. For the three months ended June 30, 2013, all of the options were considered dilutive based on the weighted average market value exceeding the weighted average stock price. For the nine months ended June 30, 2013, no shares were included in the computation of diluted earnings per share because doing so would have been anti-dilutive as the weighted average exercise price was in excess of the weighted average market value. | ||||||||||||
Reclassifications | ' | |||||||||||
Reclassifications | ||||||||||||
Certain comparative amounts from the prior year period have been reclassified to conform to current period classifications. Such reclassifications had no effect on net income and stockholders’ equity. | ||||||||||||
Nature_Of_Operations_And_Signi2
Nature Of Operations And Significant Accounting Policies (Tables) | 9 Months Ended | |||||||||||
Jun. 30, 2014 | ||||||||||||
Nature Of Operations And Significant Accounting Policies [Abstract] | ' | |||||||||||
Schedule Of Earnings Per Share Basic And Diluted | ' | |||||||||||
For the Three Months Ended | For the Nine Months Ended | |||||||||||
June 30, | June 30, | |||||||||||
2014 | 2013 | 2014 | 2013 | |||||||||
Weighted average common shares outstanding | 1,247,236 | 1,285,086 | 1,251,337 | 1,306,542 | ||||||||
Average unearned ESOP shares | -40,236 | -46,344 | -41,768 | -47,876 | ||||||||
Average unearned nonvested shares | -15,437 | -20,347 | -16,741 | -21,746 | ||||||||
Weighted average common shares and common | ||||||||||||
stock equivalents used to calculate | ||||||||||||
basic and diluted earnings per share | 1,191,563 | 1,218,395 | 1,192,828 | 1,236,920 | ||||||||
Additional common stock equivalents | ||||||||||||
(nonvested stock) used to calculate diluted | ||||||||||||
earnings per share | 938 | 1,802 | - | - | ||||||||
Additional common stock equivalents | ||||||||||||
(stock options) used to calculate diluted | ||||||||||||
earnings per share | 2,425 | - | 1,797 | - | ||||||||
Weighted average common shares and common | ||||||||||||
common stock equivalents used to calculate | ||||||||||||
basic and diluted earnings per share | 1,194,926 | 1,220,197 | 1,194,625 | 1,236,920 | ||||||||
Basic and diluted earnings per share | $ | 0.34 | $ | 0.29 | $ | 0.93 | $ | 0.83 | ||||
Investment_Securities_Tables
Investment Securities (Tables) | 9 Months Ended | |||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||
Investment Securities [Abstract] | ' | |||||||||||||||||
Investment Securities Available For Sale | ' | |||||||||||||||||
30-Jun-14 | ||||||||||||||||||
Gross | Gross | |||||||||||||||||
Amortized | Unrealized | Unrealized | Fair | |||||||||||||||
Cost | Gains | Losses | Value | |||||||||||||||
Obligations of states | ||||||||||||||||||
and political subdivisions | $ | 591,599 | $ | 547 | $ | -10,440 | $ | 581,706 | ||||||||||
U.S. government agency | ||||||||||||||||||
securities | 6,494,934 | - | -210,684 | 6,285,750 | ||||||||||||||
$ | 7,086,533 | $ | 547 | $ | -221,124 | $ | 6,867,456 | |||||||||||
30-Sep-13 | ||||||||||||||||||
Gross | Gross | |||||||||||||||||
Amortized | Unrealized | Unrealized | Fair | |||||||||||||||
Cost | Gains | Losses | Value | |||||||||||||||
Obligations of states | ||||||||||||||||||
and political subdivisions | $ | 592,346 | $ | - | $ | -43,894 | $ | 548,452 | ||||||||||
U.S. government agency | ||||||||||||||||||
securities | 6,247,825 | - | -504,400 | 5,743,425 | ||||||||||||||
$ | 6,840,171 | $ | - | $ | -548,294 | $ | 6,291,877 | |||||||||||
Available For Sale Securities By Contractual Maturity | ' | |||||||||||||||||
30-Jun-14 | ||||||||||||||||||
Amortized | Fair | |||||||||||||||||
Cost | Value | |||||||||||||||||
Due after one year through five years | $ | 291,599 | $ | 292,146 | ||||||||||||||
Due after ten years | 6,794,934 | 6,575,310 | ||||||||||||||||
$ | 7,086,533 | $ | 6,867,456 | |||||||||||||||
Investment Securities Held To Maturity | ' | |||||||||||||||||
30-Jun-14 | ||||||||||||||||||
Gross | Gross | |||||||||||||||||
Amortized | Unrealized | Unrealized | Fair | |||||||||||||||
Cost | Gains | Losses | Value | |||||||||||||||
Obligations of states | ||||||||||||||||||
and political subdivisions | $ | 2,022,110 | $ | 68,776 | $ | -43,198 | $ | 2,047,688 | ||||||||||
U.S. government agency | ||||||||||||||||||
securities | 750,000 | - | -93,000 | 657,000 | ||||||||||||||
Total | $ | 2,772,110 | $ | 68,776 | $ | -136,198 | $ | 2,704,688 | ||||||||||
30-Sep-13 | ||||||||||||||||||
Gross | Gross | |||||||||||||||||
Amortized | Unrealized | Unrealized | Fair | |||||||||||||||
Cost | Gains | Losses | Value | |||||||||||||||
Obligations of states | ||||||||||||||||||
and political subdivisions | $ | 2,026,027 | $ | 50,094 | $ | -113,206 | $ | 1,962,915 | ||||||||||
U.S. government agency | ||||||||||||||||||
securities | 750,000 | - | -126,150 | 623,850 | ||||||||||||||
Total | $ | 2,776,027 | $ | 50,094 | $ | -239,356 | $ | 2,586,765 | ||||||||||
Securities Held To Maturity By Contractual Maturity | ' | |||||||||||||||||
30-Jun-14 | ||||||||||||||||||
Amortized | Fair | |||||||||||||||||
Cost | Value | |||||||||||||||||
Due after five years through ten years | $ | 488,241 | $ | 548,898 | ||||||||||||||
Due after ten years | 2,283,869 | 2,155,790 | ||||||||||||||||
Total | $ | 2,772,110 | $ | 2,704,688 | ||||||||||||||
Schedule Of Unrealized Loss On Investments | ' | |||||||||||||||||
30-Jun-14 | ||||||||||||||||||
Less than 12 Months | More than 12 Months | Total | ||||||||||||||||
Gross | Gross | Gross | ||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | |||||||||||||
Value | Losses | Value | Losses | Value | Losses | |||||||||||||
Obligations of states | ||||||||||||||||||
and political subdivisions | $ | 880,380 | $ | -14,612 | $ | 604,520 | $ | -39,026 | $ | 1,484,900 | $ | -53,638 | ||||||
U.S. government agency | ||||||||||||||||||
securities | 2,906,875 | -91,650 | 2,785,875 | -212,034 | 5,692,750 | -303,684 | ||||||||||||
$ | 3,787,255 | $ | -106,262 | $ | 3,390,395 | $ | -251,060 | $ | 7,177,650 | $ | -357,322 | |||||||
30-Sep-13 | ||||||||||||||||||
Less than 12 Months | More than 12 Months | Total | ||||||||||||||||
Gross | Gross | Gross | ||||||||||||||||
Fair | Unrealized | Fair | Unrealized | Fair | Unrealized | |||||||||||||
Value | Losses | Value | Losses | Value | Losses | |||||||||||||
Obligations of states | ||||||||||||||||||
and political subdivisions | $ | 1,376,627 | $ | -157,100 | $ | - | $ | - | $ | 1,376,627 | $ | -157,100 | ||||||
U.S. government agency | ||||||||||||||||||
securities | 6,367,275 | -630,550 | - | - | 6,367,275 | -630,550 | ||||||||||||
$ | 7,743,902 | $ | -787,650 | $ | - | $ | - | $ | 7,743,902 | $ | -787,650 | |||||||
MortgageBacked_Securities_Tabl
Mortgage-Backed Securities (Tables) | 9 Months Ended | |||||||||||
Jun. 30, 2014 | ||||||||||||
Mortgage-Backed Securities [Abstract] | ' | |||||||||||
Schedule Of Amortized Cost And Fair Values Of Mortgage-Backed Securities | ' | |||||||||||
30-Jun-14 | ||||||||||||
Gross | Gross | |||||||||||
Amortized | Unrealized | Unrealized | Fair | |||||||||
Cost | Gains | Losses | Value | |||||||||
Freddie Mac Certificates | $ | 924 | $ | 40 | $ | - | $ | 964 | ||||
Fannie Mae Certificates | 4,893 | 415 | - | 5,308 | ||||||||
$ | 5,817 | $ | 455 | $ | - | $ | 6,272 | |||||
30-Sep-13 | ||||||||||||
Gross | Gross | |||||||||||
Amortized | Unrealized | Unrealized | Fair | |||||||||
Cost | Gains | Losses | Value | |||||||||
Freddie Mac Certificates | $ | 1,183 | $ | 91 | $ | - | $ | 1,274 | ||||
Fannie Mae Certificates | 6,923 | 637 | - | 7,560 | ||||||||
$ | 8,106 | $ | 728 | $ | - | $ | 8,834 | |||||
Schedule Of Amortized Cost And Fair Values Of Mortgage-Backed Securities By Contractual Maturity | ' | |||||||||||
30-Jun-14 | ||||||||||||
Amortized | Fair | |||||||||||
Cost | Value | |||||||||||
Due after one year through five years | $ | 4,256 | $ | 4,551 | ||||||||
Due after five years through ten years | 472 | 493 | ||||||||||
Due after ten years | 1,089 | 1,228 | ||||||||||
$ | 5,817 | $ | 6,272 | |||||||||
Loans_Tables
Loans (Tables) | 9 Months Ended | ||||||||||||||||||||||||||||||||
Jun. 30, 2014 | |||||||||||||||||||||||||||||||||
Loans [Abstract] | ' | ||||||||||||||||||||||||||||||||
Summary Of Major Classifications Of Loans | ' | ||||||||||||||||||||||||||||||||
30-Jun | September 30, | ||||||||||||||||||||||||||||||||
2014 | 2013 | ||||||||||||||||||||||||||||||||
One-to four-family real estate - owner occupied | $ | 20,693,176 | $ | 20,484,626 | |||||||||||||||||||||||||||||
One-to four-family real estate - non-owner occupied | 37,802,125 | 32,747,845 | |||||||||||||||||||||||||||||||
Construction | 2,401,917 | 3,847,052 | |||||||||||||||||||||||||||||||
Multi-family real estate | 19,010,236 | 17,707,984 | |||||||||||||||||||||||||||||||
Commercial real estate | 23,140,603 | 22,682,578 | |||||||||||||||||||||||||||||||
Home equity and second mortgages | 1,848,912 | 1,235,098 | |||||||||||||||||||||||||||||||
Secured loans | 164,560 | 188,561 | |||||||||||||||||||||||||||||||
Commercial leases and loans | 18,556,827 | 20,074,035 | |||||||||||||||||||||||||||||||
Commercial lines of credit | 4,654,291 | 4,029,645 | |||||||||||||||||||||||||||||||
128,272,647 | 122,997,424 | ||||||||||||||||||||||||||||||||
Plus: | |||||||||||||||||||||||||||||||||
Unamortized loan premiums | 12,577 | 13,813 | |||||||||||||||||||||||||||||||
Less: | |||||||||||||||||||||||||||||||||
Unamortized loan fees and costs, net | -319,287 | -265,736 | |||||||||||||||||||||||||||||||
Allowance for loan losses | -1,349,038 | -1,299,038 | |||||||||||||||||||||||||||||||
$ | 126,616,899 | $ | 121,446,463 | ||||||||||||||||||||||||||||||
Summary Of Credit Quality Indicators | ' | ||||||||||||||||||||||||||||||||
Pass | Special Mention | Substandard | Doubtful | Loss | Total | ||||||||||||||||||||||||||||
One-to four-family real estate | |||||||||||||||||||||||||||||||||
non-owner occupied | $ | 37,802,125 | $ | - | $ | - | $ | - | $ | - | $ | 37,802,125 | |||||||||||||||||||||
Construction | 2,401,917 | - | - | - | - | 2,401,917 | |||||||||||||||||||||||||||
Multi-family real estate | 19,010,236 | - | - | - | - | 19,010,236 | |||||||||||||||||||||||||||
Commercial real estate | 22,710,614 | - | - | - | - | 22,710,614 | |||||||||||||||||||||||||||
Commercial leases and loans | 18,556,827 | - | 429,989 | - | - | 18,986,816 | |||||||||||||||||||||||||||
Commercial lines of credit | 4,066,617 | 163,757 | 423,917 | - | - | 4,654,291 | |||||||||||||||||||||||||||
$ | 104,548,336 | $ | 163,757 | $ | 853,906 | $ | - | $ | - | $ | 105,565,999 | ||||||||||||||||||||||
Credit quality indicators as of September 30, 2013 were as follows: | |||||||||||||||||||||||||||||||||
Pass | Special Mention | Substandard | Doubtful | Loss | Total | ||||||||||||||||||||||||||||
One-to four-family real estate | |||||||||||||||||||||||||||||||||
non-owner occupied | $ | 31,654,257 | $ | 18,224 | $ | - | $ | - | $ | - | $ | 31,672,481 | |||||||||||||||||||||
Construction | 3,847,052 | - | - | - | - | 3,847,052 | |||||||||||||||||||||||||||
Multi-family real estate | 17,707,984 | - | - | - | - | 17,707,984 | |||||||||||||||||||||||||||
Commercial real estate | 22,682,578 | - | - | - | - | 22,682,578 | |||||||||||||||||||||||||||
Commercial leases and loans | 19,880,846 | 193,189 | - | - | - | 20,074,035 | |||||||||||||||||||||||||||
Commercial lines of credit | 3,441,048 | 164,680 | 423,917 | - | - | 4,029,645 | |||||||||||||||||||||||||||
$ | 99,213,765 | $ | 376,093 | $ | 423,917 | $ | - | $ | - | $ | 100,013,775 | ||||||||||||||||||||||
Summary Of Performing And Non Performing Loans | ' | ||||||||||||||||||||||||||||||||
30-Jun-14 | |||||||||||||||||||||||||||||||||
Nonperforming | Performing | ||||||||||||||||||||||||||||||||
Loans | Loans | Total | |||||||||||||||||||||||||||||||
One-to four-family real estate - | |||||||||||||||||||||||||||||||||
owner occupied | $ | - | $ | 20,693,176 | $ | 20,693,176 | |||||||||||||||||||||||||||
Home equity and second mortgages | - | 1,848,912 | 1,848,912 | ||||||||||||||||||||||||||||||
Secured loans | - | 164,560 | 164,560 | ||||||||||||||||||||||||||||||
$ | - | $ | 22,706,648 | $ | 22,706,648 | ||||||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||||||||||
Nonperforming | Performing | ||||||||||||||||||||||||||||||||
Loans | Loans | Total | |||||||||||||||||||||||||||||||
One-to four-family real estate - | |||||||||||||||||||||||||||||||||
owner occupied | $ | - | $ | 20,484,626 | $ | 20,484,626 | |||||||||||||||||||||||||||
Home equity and second mortgages | - | 1,235,098 | 1,235,098 | ||||||||||||||||||||||||||||||
Secured loans | - | 188,561 | 188,561 | ||||||||||||||||||||||||||||||
$ | - | $ | 21,908,285 | $ | 21,908,285 | ||||||||||||||||||||||||||||
Schedule Of Impaired Loans | ' | ||||||||||||||||||||||||||||||||
Impaired Loans | |||||||||||||||||||||||||||||||||
Impaired Loans with Specific | with No Specific | ||||||||||||||||||||||||||||||||
Allowance | Allowance | Total Impaired Loans | |||||||||||||||||||||||||||||||
Unpaid | Average | Interest | |||||||||||||||||||||||||||||||
Recorded | Related | Recorded | Recorded | Principal | Recorded | Income | |||||||||||||||||||||||||||
Investment | Allowance | Investment | Investment | Balance | Investment | Recognized | |||||||||||||||||||||||||||
30-Jun-14 | |||||||||||||||||||||||||||||||||
Commercial leases and loans | $ | - | $ | - | $ | 429,989 | $ | 429,989 | $ | 429,989 | $ | 436,242 | $ | - | |||||||||||||||||||
Commercial lines of credit | - | - | 423,917 | 423,917 | 423,917 | 423,917 | - | ||||||||||||||||||||||||||
$ | - | $ | - | $ | 853,906 | $ | 853,906 | $ | 853,906 | $ | 860,159 | $ | - | ||||||||||||||||||||
Impaired Loans | |||||||||||||||||||||||||||||||||
Impaired Loans with Specific | with No Specific | ||||||||||||||||||||||||||||||||
Allowance | Allowance | Total Impaired Loans | |||||||||||||||||||||||||||||||
Unpaid | Average | Interest | |||||||||||||||||||||||||||||||
Recorded | Related | Recorded | Recorded | Principal | Recorded | Income | |||||||||||||||||||||||||||
Investment | Allowance | Investment | Investment | Balance | Investment | Recognized | |||||||||||||||||||||||||||
30-Sep-13 | |||||||||||||||||||||||||||||||||
Commercial leases and loans | $ | - | $ | - | $ | 442,494 | $ | 442,494 | $ | 442,494 | $ | 453,946 | $ | 7,447 | |||||||||||||||||||
Commercial lines of credit | - | - | 423,917 | 423,917 | 423,917 | 423,917 | - | ||||||||||||||||||||||||||
$ | - | $ | - | $ | 866,411 | $ | 866,411 | $ | 866,411 | $ | 877,863 | $ | 7,447 | ||||||||||||||||||||
Summary Of Classes Of Loans Past Due | ' | ||||||||||||||||||||||||||||||||
30-59 | 60-89 | Greater than | |||||||||||||||||||||||||||||||
Days | Days | 90 Days | Total | Nonaccrual | |||||||||||||||||||||||||||||
Past Due | Past Due | Past Due | Past Due | Current | Total Loans | Loans | |||||||||||||||||||||||||||
One-to four-family real estate | |||||||||||||||||||||||||||||||||
owner occupied | $ | 259,316 | $ | - | $ | - | $ | 259,316 | $ | 20,433,860 | $ | 20,693,176 | $ | - | |||||||||||||||||||
One-to four family real estate | |||||||||||||||||||||||||||||||||
non-owner occupied | - | - | - | - | 37,802,125 | 37,802,125 | - | ||||||||||||||||||||||||||
Construction | - | - | - | - | 2,401,917 | 2,401,917 | - | ||||||||||||||||||||||||||
Multi-family real estate | - | - | - | - | 19,010,236 | 19,010,236 | - | ||||||||||||||||||||||||||
Commercial real estate | - | - | - | - | 23,140,603 | 23,140,603 | - | ||||||||||||||||||||||||||
Home equity and | - | - | - | - | - | ||||||||||||||||||||||||||||
second mortgages | - | - | - | - | 1,848,912 | 1,848,912 | - | ||||||||||||||||||||||||||
Secured loans | - | - | - | - | 164,560 | 164,560 | - | ||||||||||||||||||||||||||
Commercial leases and loans | - | - | 429,989 | 429,989 | 18,126,838 | 18,556,827 | 429,989 | ||||||||||||||||||||||||||
Commercial lines of credit | - | - | 423,917 | 423,917 | 4,230,374 | 4,654,291 | 423,917 | ||||||||||||||||||||||||||
$ | 259,316 | $ | - | $ | 853,906 | $ | 1,113,222 | $ | 127,159,425 | $ | 128,272,647 | $ | 853,906 | ||||||||||||||||||||
The following table presents the classes of the loan portfolio summarized by the past due status as of September 30, 2013: | |||||||||||||||||||||||||||||||||
30-59 | 60-89 | Greater than | |||||||||||||||||||||||||||||||
Days | Days | 90 Days | Total | Nonaccrual | |||||||||||||||||||||||||||||
Past Due | Past Due | Past Due | Past Due | Current | Total Loans | Loans | |||||||||||||||||||||||||||
One-to four-family real estate | |||||||||||||||||||||||||||||||||
owner occupied | $ | 116,259 | $ | 60,242 | $ | - | $ | 176,501 | $ | 20,308,125 | $ | 20,484,626 | $ | - | |||||||||||||||||||
One-to four family real estate | - | ||||||||||||||||||||||||||||||||
non-owner occupied | - | - | - | - | 32,747,845 | 32,747,845 | - | ||||||||||||||||||||||||||
Construction | - | - | - | - | 3,847,052 | 3,847,052 | - | ||||||||||||||||||||||||||
Multi-family real estate | - | - | - | - | 17,707,984 | 17,707,984 | - | ||||||||||||||||||||||||||
Commercial real estate | - | - | - | - | 22,682,578 | 22,682,578 | - | ||||||||||||||||||||||||||
Home equity and | |||||||||||||||||||||||||||||||||
second mortgages | - | 18,987 | - | 18,987 | 1,216,111 | 1,235,098 | - | ||||||||||||||||||||||||||
Secured loans | - | - | - | - | 188,561 | 188,561 | - | ||||||||||||||||||||||||||
Commercial leases and loans | 193,190 | - | - | 193,190 | 19,880,845 | 20,074,035 | 442,494 | ||||||||||||||||||||||||||
Commercial lines of credit | - | - | 423,917 | 423,917 | 3,605,728 | 4,029,645 | 423,917 | ||||||||||||||||||||||||||
$ | 309,449 | $ | 79,229 | $ | 423,917 | $ | 812,595 | $ | 122,184,829 | $ | 122,997,424 | $ | 866,411 | ||||||||||||||||||||
Summary Of Allowance For Loan Losse And Loan Receivable Balances | ' | ||||||||||||||||||||||||||||||||
One-to four-family real estate -owner occupied | One-to four-family real estate - non-owner occupied | Construction | Multi-family real estate | Commercial real estate | Home equity and second mortgages | Secured loans | Commercial leases and loans | Commercial lines of credit | Non-allocated | Total | |||||||||||||||||||||||
Allowance for credit losses: | |||||||||||||||||||||||||||||||||
Beginning balance 4/1/2014 | $ | 148,305 | $ | 284,327 | $ | 41,187 | $ | 143,351 | $ | 313,838 | $ | 8,869 | $ | - | $ | 264,564 | $ | 49,274 | $ | 70,323 | $ | 1,324,038 | |||||||||||
Charge-offs | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||
Recoveries | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||
Provisions (credits) | 2,593 | 12,850 | -3,957 | 349 | -52,092 | 779 | - | 3,444 | 4,343 | 56,691 | 25,000 | ||||||||||||||||||||||
Ending balance 6/30/14 | $ | 150,898 | $ | 297,177 | $ | 37,230 | $ | 143,700 | $ | 261,746 | $ | 9,648 | $ | - | $ | 268,008 | $ | 53,617 | $ | 127,014 | $ | 1,349,038 | |||||||||||
Beginning balance 10/1/2013 | $ | 156,975 | $ | 267,895 | $ | 19,435 | $ | 141,683 | $ | 269,940 | $ | 7,471 | $ | - | $ | 246,978 | $ | 46,381 | $ | 142,280 | $ | 1,299,038 | |||||||||||
Charge-offs | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||
Recoveries | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||
Provisions (credits) | -6,077 | 29,282 | 17,795 | 2,017 | -8,194 | 2,177 | - | 21,030 | 7,236 | -15,266 | 50,000 | ||||||||||||||||||||||
Ending balance 6/30/14 | $ | 150,898 | $ | 297,177 | $ | 37,230 | $ | 143,700 | $ | 261,746 | $ | 9,648 | $ | - | $ | 268,008 | $ | 53,617 | $ | 127,014 | $ | 1,349,038 | |||||||||||
Beginning balance 4/1/2013 | $ | 169,106 | $ | 242,657 | $ | 14,858 | $ | 116,651 | $ | 268,081 | $ | 7,179 | $ | - | $ | 253,757 | $ | 69,306 | $ | 82,443 | $ | 1,224,038 | |||||||||||
Charge-offs | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||
Recoveries | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||
Provisions (credits) | -3,837 | 14,110 | 707 | 19,817 | -5,611 | 670 | - | -489 | -3,997 | 18,630 | 40,000 | ||||||||||||||||||||||
Ending balance 6/30/13 | $ | 165,269 | $ | 256,767 | $ | 15,565 | $ | 136,468 | $ | 262,470 | $ | 7,849 | $ | - | $ | 253,268 | $ | 65,309 | $ | 101,073 | $ | 1,264,038 | |||||||||||
Beginning balance 10/1/2012 | $ | 114,206 | $ | 306,078 | $ | 4,482 | $ | 127,624 | $ | 240,503 | $ | 6,938 | $ | - | $ | 242,641 | $ | 60,760 | $ | 38,806 | $ | 1,142,038 | |||||||||||
Charge-offs | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||
Recoveries | - | - | - | - | - | - | - | - | - | - | - | ||||||||||||||||||||||
Provisions (credits) | 51,063 | -49,311 | 11,083 | 8,844 | 21,967 | 911 | - | 10,627 | 4,549 | 62,267 | 122,000 | ||||||||||||||||||||||
Ending balance 6/30/13 | $ | 165,269 | $ | 256,767 | $ | 15,565 | $ | 136,468 | $ | 262,470 | $ | 7,849 | $ | - | $ | 253,268 | $ | 65,309 | $ | 101,073 | $ | 1,264,038 | |||||||||||
Allowance for credit losses: | |||||||||||||||||||||||||||||||||
Ending balance 6/30/2014 | $ | 150,898 | $ | 297,177 | $ | 37,230 | $ | 143,700 | $ | 261,746 | $ | 9,648 | $ | - | $ | 268,008 | $ | 53,617 | $ | 127,014 | $ | 1,349,038 | |||||||||||
Ending balance: individually | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | |||||||||||
evaluated for impairment | |||||||||||||||||||||||||||||||||
Ending balance: collectively | $ | 150,898 | $ | 297,177 | $ | 37,230 | $ | 143,700 | $ | 261,746 | $ | 9,648 | $ | - | $ | 268,008 | $ | 53,617 | $ | 127,014 | $ | 1,349,038 | |||||||||||
evaluated for impairment | |||||||||||||||||||||||||||||||||
Loans receivables: | |||||||||||||||||||||||||||||||||
Ending balance 6/30/2014 | $ | 20,693,176 | $ | 37,802,125 | $ | 2,401,917 | $ | 19,010,236 | $ | 23,140,603 | $ | 1,848,912 | $ | 164,560 | $ | 18,556,827 | $ | 4,654,291 | $ | - | $ | 128,272,647 | |||||||||||
Ending balance: individually | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 429,989 | $ | 423,917 | $ | - | $ | 853,906 | |||||||||||
evaluated for impairment | |||||||||||||||||||||||||||||||||
Ending balance: collectively | $ | 20,693,176 | $ | 37,802,125 | $ | 2,401,917 | $ | 19,010,236 | $ | 23,140,603 | $ | 1,848,912 | $ | 164,560 | $ | 18,126,838 | $ | 4,230,374 | $ | - | $ | 127,418,741 | |||||||||||
evaluated for impairment | |||||||||||||||||||||||||||||||||
Allowance for credit losses: | |||||||||||||||||||||||||||||||||
Ending balance 9/30/2013 | $ | 156,975 | $ | 267,895 | $ | 19,435 | $ | 141,683 | $ | 269,940 | $ | 7,471 | $ | - | $ | 246,978 | $ | 46,381 | $ | 142,280 | $ | 1,299,038 | |||||||||||
Ending balance: individually | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | |||||||||||
evaluated for impairment | |||||||||||||||||||||||||||||||||
Ending balance: collectively | $ | 156,975 | $ | 267,895 | $ | 19,435 | $ | 141,683 | $ | 269,940 | $ | 7,471 | $ | - | $ | 246,978 | $ | 46,381 | $ | 142,280 | $ | 1,299,038 | |||||||||||
evaluated for impairment | |||||||||||||||||||||||||||||||||
Loans receivables: | |||||||||||||||||||||||||||||||||
Ending balance 9/30/2013 | $ | 20,484,626 | $ | 32,747,845 | $ | 3,847,052 | $ | 17,707,984 | $ | 22,682,578 | $ | 1,235,098 | $ | 188,561 | $ | 20,074,035 | $ | 4,029,645 | $ | - | $ | 122,997,424 | |||||||||||
Ending balance: individually | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | - | $ | 442,494 | $ | 423,917 | $ | - | $ | 866,411 | |||||||||||
evaluated for impairment | |||||||||||||||||||||||||||||||||
Ending balance: collectively | $ | 20,484,626 | $ | 32,747,845 | $ | 3,847,052 | $ | 17,707,984 | $ | 22,682,578 | $ | 1,235,098 | $ | 188,561 | $ | 19,631,541 | $ | 3,605,728 | $ | - | $ | 122,131,013 | |||||||||||
evaluated for impairment | |||||||||||||||||||||||||||||||||
Fair_Value_Measurements_And_Fa1
Fair Value Measurements And Fair Values Of Financial Instruments (Tables) | 9 Months Ended | |||||||||||||
Jun. 30, 2014 | ||||||||||||||
Fair Value Measurements And Fair Values Of Financial Instruments [Abstract] | ' | |||||||||||||
Schedule Of Financial Assets Measured At Fair Value On A Recurring Basis | ' | |||||||||||||
30-Jun-14 | ||||||||||||||
Level I | Level II | Level III | Total | |||||||||||
Description | ||||||||||||||
Mortgage-backed securities available for sale | $ | - | $ | 6,272 | $ | - | $ | 6,272 | ||||||
Obligations of states and political subdivisions | - | 581,706 | - | 581,706 | ||||||||||
available for sale | ||||||||||||||
U.S. government agency securities | - | 6,285,750 | - | 6,285,750 | ||||||||||
available for sale | ||||||||||||||
Total | $ | - | $ | 6,873,728 | $ | - | $ | 6,873,728 | ||||||
30-Sep-13 | ||||||||||||||
Level I | Level II | Level III | Total | |||||||||||
Description | ||||||||||||||
Mortgage-backed securities available for sale | $ | - | $ | 8,834 | $ | - | $ | 8,834 | ||||||
Obligations of states and political subdivisions | - | 548,452 | - | 548,452 | ||||||||||
available for sale | ||||||||||||||
U.S. government agency securities | - | 5,743,425 | - | 5,743,425 | ||||||||||
available for sale | ||||||||||||||
$ | - | $ | 6,300,711 | $ | - | $ | 6,300,711 | |||||||
Schedule Of Financial Assets Measured At Fair Value On A Non Recurring Basis | ' | |||||||||||||
30-Jun-14 | ||||||||||||||
Level I | Level II | Level III | Total | |||||||||||
Description | ||||||||||||||
Assets measured at fair value on a nonrecurring basis: | ||||||||||||||
Impaired loans | $ | - | $ | - | $ | 853,906 | $ | 853,906 | ||||||
September 30, 2013 | ||||||||||||||
Level I | Level II | Level III | Total | |||||||||||
Description | ||||||||||||||
Assets measured at fair value on a nonrecurring basis: | ||||||||||||||
Impaired loans | $ | - | $ | - | $ | 866,411 | $ | 866,411 | ||||||
Schedule Of Financial Assets Quantitative Information For Level 3 | ' | |||||||||||||
30-Jun-14 | ||||||||||||||
Range | ||||||||||||||
Valuation | Unobservable | (Weighted | ||||||||||||
Fair Value | Technique | Inputs | Average) | |||||||||||
Impaired Loans | $ | 429,989 | Discounted | Probability of | - | |||||||||
cash flow | default | |||||||||||||
423,917 | Fair Value | Appraisal | 20 | % | ||||||||||
of collateral (1) | adjustments (2) | |||||||||||||
$ | 853,906 | |||||||||||||
30-Sep-13 | ||||||||||||||
Range | ||||||||||||||
Valuation | Unobservable | (Weighted | ||||||||||||
Fair Value | Technique | Inputs | Average) | |||||||||||
Impaired Loans | $ | 442,494 | Discounted | Probability of | - | |||||||||
cash flow | default | |||||||||||||
423,917 | Fair Value | Appraisal | 20 | % | ||||||||||
of collateral (1) | adjustments (2) | |||||||||||||
$ | 866,411 | |||||||||||||
(1) Fair value is generally determined through independent appraisals of the underlying collateral, which generally includes various Level III inputs which are not identifiable. | ||||||||||||||
(2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range and weighted average of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal. | ||||||||||||||
Schedule Of Estimated Fair Values Of Financial Instruments | ' | |||||||||||||
30-Jun-14 | ||||||||||||||
Carrying | Total | |||||||||||||
Value | Level I | Level II | Level III | Fair Value | ||||||||||
Financial assets: | ||||||||||||||
Cash and cash equivalents | $ | 11,824,607 | $ | 11,824,607 | $ | - | $ | - | $ | 11,824,607 | ||||
Investment securities available for sale | 6,867,456 | - | 6,867,456 | - | 6,867,456 | |||||||||
Investment securities held to maturity | 2,772,110 | - | 2,704,688 | - | 2,704,688 | |||||||||
Mortgage-backed securities available for sale | 6,272 | - | 6,272 | - | 6,272 | |||||||||
FHLB stock | 499,200 | 499,200 | - | - | 499,200 | |||||||||
Loans receivable, net | 126,616,899 | - | - | 133,282,000 | 133,282,000 | |||||||||
Accrued interest receivable | 491,812 | 491,812 | - | - | 491,812 | |||||||||
Financial liabilities: | ||||||||||||||
Deposits | $ | 122,522,730 | $ | 53,940,626 | $ | - | $ | 68,659,000 | $ | 122,599,626 | ||||
FHLB advances | 4,500,000 | - | 4,500,000 | - | 4,500,000 | |||||||||
Advances from borrowers for taxes and | ||||||||||||||
insurance | 637,971 | 637,971 | - | - | 637,971 | |||||||||
Accrued interest payable | 82,001 | 82,001 | - | - | 82,001 | |||||||||
30-Sep-13 | ||||||||||||||
Carrying | Total | |||||||||||||
Value | Level I | Level II | Level III | Fair Value | ||||||||||
Financial assets: | ||||||||||||||
Cash and cash equivalents | $ | 7,181,069 | $ | 7,181,069 | $ | - | $ | - | $ | 7,181,069 | ||||
Investment securities available for sale | 6,291,877 | - | 6,291,877 | - | 6,291,877 | |||||||||
Investment securities held to maturity | 2,776,027 | - | 2,586,765 | - | 2,586,765 | |||||||||
Mortgage-backed securities available for sale | 8,834 | - | 8,834 | - | 8,834 | |||||||||
FHLB stock | 237,400 | 237,400 | - | - | 237,400 | |||||||||
Loans receivable, net | 121,446,463 | - | - | 127,426,461 | 127,426,461 | |||||||||
Accrued interest receivable | 521,613 | 521,613 | - | - | 521,613 | |||||||||
Financial liabilities: | ||||||||||||||
Deposits | $ | 117,457,422 | $ | 49,726,623 | $ | - | $ | 67,762,800 | $ | 117,489,423 | ||||
Advances from borrowers for taxes and | ||||||||||||||
insurance | 477,035 | 477,035 | - | - | 477,035 | |||||||||
Accrued interest payable | 83,646 | 83,646 | - | - | 83,646 | |||||||||
Capital_Requirements_Tables
Capital Requirements (Tables) | 9 Months Ended | |||||||||||||||
Jun. 30, 2014 | ||||||||||||||||
Capital Requirements [Abstract] | ' | |||||||||||||||
Bank's Compliance With Regulatory Capital Requirements | ' | |||||||||||||||
To be well Capitalized | ||||||||||||||||
under Prompt | ||||||||||||||||
For Capital Adequacy | Corrective Action | |||||||||||||||
Actual | Purposes | Provisions | ||||||||||||||
Amount | Ratio | Amount | Ratio | Amount | Ratio | |||||||||||
(in thousands) | ||||||||||||||||
As of June 30, 2014 | ||||||||||||||||
Total capital (to risk-weighted assets) | $ 23,620 | 24.24% | > | $ 7,795 | >8.00% | > | $ 9,744 | >10.00% | ||||||||
Tier 1 capital (to risk-weighted assets) | 22,402 | 22.99% | > | 3,898 | >4.00% | > | 5,846 | >6.00% | ||||||||
Core (Tier 1) capital (to adjusted total assets) | 22,402 | 14.60% | > | 6,136 | >4.00% | > | 7,670 | >5.00% | ||||||||
As of September 30, 2013 | ||||||||||||||||
Total capital (to risk-weighted assets) | $ 22,351 | 23.80% | > | $ 7,513 | >8.00% | > | $ 9,391 | >10.00% | ||||||||
Tier 1 capital (to risk-weighted assets) | 21,176 | 22.55% | > | 3,756 | >4.00% | > | 5,634 | >6.00% | ||||||||
Core (Tier 1) capital (to adjusted total assets) | 21,176 | 14.91% | > | 5,682 | >4.00% | > | 7,102 | >5.00% | ||||||||
Bank's Equity Under Accounting Principles To Regulatory Capital Requirements | ' | |||||||||||||||
June 30, | September 30, | |||||||||||||||
2014 | 2013 | |||||||||||||||
(in thousands) | (in thousands) | |||||||||||||||
Total equity | $ 22,257 | $ 20,815 | ||||||||||||||
Unrealized loss on securities available-for-sale | 145 | 361 | ||||||||||||||
Tier 1 capital | $ 22,402 | 21,176 | ||||||||||||||
Allowable allowances for loan and lease losses | 1,218 | 1,175 | ||||||||||||||
Total risk-based capital | $ 23,620 | $ 22,351 | ||||||||||||||
Nature_Of_Operations_And_Signi3
Nature Of Operations And Significant Accounting Policies (Narrative) (Details) (USD $) | 3 Months Ended | 9 Months Ended |
Jun. 30, 2013 | Jun. 30, 2014 | |
Nature Of Operations And Significant Accounting Policies [Abstract] | ' | ' |
Number of shares outstanding that were included in the computation of the diluted earnings per share | ' | 64,907 |
Price per share of shares outstanding that were included in the computation of the diluted earnings per share | ' | $15.24 |
Antidilutive shares | 64,907 | ' |
Antidilutive shares, price per share | $15.24 | ' |
Nature_Of_Operations_And_Signi4
Nature Of Operations And Significant Accounting Policies (Schedule Of Earnings Per Share Basic And Diluted) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | |
Nature Of Operations And Significant Accounting Policies [Abstract] | ' | ' | ' | ' |
Weighted average common shares outstanding | 1,247,236 | 1,285,086 | 1,251,337 | 1,306,542 |
Average unearned ESOP shares | -40,236 | -46,344 | -41,768 | -47,876 |
Average unearned nonvested shares | -15,437 | -20,347 | -16,741 | -21,746 |
Weighted average common shares and common stock equivalents used to calculate basic and diluted earnings per share | 1,191,563 | 1,218,395 | 1,192,828 | 1,236,920 |
Additional common stock equivalents (nonvested stock) used to calculate diluted earnings per share | 938 | 1,802 | ' | ' |
Additional common stock equivalents (stock options) used to calculate diluted earnings per share | 2,425 | ' | 1,797 | ' |
Weighted average common shares and common stock equivalents used to calculate basic and diluted earnings per share | 1,194,926 | 1,220,197 | 1,194,625 | 1,236,920 |
Basic and diluted earnings per share | $0.34 | $0.29 | $0.93 | $0.83 |
Accumulated_Other_Comprehensiv1
Accumulated Other Comprehensive Income (Details) (USD $) | 3 Months Ended | 9 Months Ended |
Jun. 30, 2014 | Jun. 30, 2014 | |
Accumulated Other Comprehensive Income [Abstract] | ' | ' |
Beginning balance | ($237,865) | ($361,394) |
Other comprehensive loss before reclassification | 92,584 | 216,113 |
Total other comprehensive loss | 92,584 | 216,113 |
Ending balance | ($145,281) | ($145,281) |
Investment_Securities_Narrativ
Investment Securities (Narrative) (Details) (USD $) | Jun. 30, 2014 | Sep. 30, 2013 |
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items] | ' | ' |
Number of securities in unrealized loss position | 14 | ' |
Available-for-sale Securities [Member] | ' | ' |
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items] | ' | ' |
Pledged government agency securities | $5,786,300 | $450,850 |
Held-to-maturity Securities [Member] | ' | ' |
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Line Items] | ' | ' |
Pledged government agency securities | $657,000 | $623,850 |
Investment_Securities_Availabl
Investment Securities (Available For Sale Securities) (Details) (USD $) | Jun. 30, 2014 | Sep. 30, 2013 |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | ' | $6,840,171 |
Gross Unrealized Gains | 547 | ' |
Gross Unrealized Losses | -221,124 | -548,294 |
Fair Value | 6,867,456 | 6,291,877 |
Obligations Of States And Political Subdivisions [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | ' | 592,346 |
Gross Unrealized Gains | 547 | ' |
Gross Unrealized Losses | -10,440 | -43,894 |
Fair Value | 581,706 | 548,452 |
U.S. Government Agency Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Amortized Cost | ' | 6,247,825 |
Gross Unrealized Losses | -210,684 | -504,400 |
Fair Value | $6,285,750 | $5,743,425 |
Investment_Securities_Availabl1
Investment Securities (Available For Sale Securities By Contractual Maturity) (Details) (USD $) | Jun. 30, 2014 | Sep. 30, 2013 |
Investment Securities [Abstract] | ' | ' |
Amortized cost due after one year through five years | $291,599 | ' |
Amortized cost due after ten years | 6,794,934 | ' |
Amortized cost total | 7,086,533 | ' |
Fair value due after one year through five years | 292,146 | ' |
Fair value due after ten years | 6,575,310 | ' |
Fair Value | $6,867,456 | $6,291,877 |
Investment_Securities_Investme
Investment Securities (Investment Securities Held To Maturity) (Details) (USD $) | Jun. 30, 2014 | Sep. 30, 2013 |
Schedule of Held-to-maturity Securities [Line Items] | ' | ' |
Amortized Cost | $2,772,110 | $2,776,027 |
Gross Unrealized Gains | 68,776 | 50,094 |
Gross Unrealized Losses | -136,198 | -239,356 |
Fair Value | 2,704,688 | 2,586,765 |
Obligations Of States And Political Subdivisions [Member] | ' | ' |
Schedule of Held-to-maturity Securities [Line Items] | ' | ' |
Amortized Cost | 2,022,110 | 2,026,027 |
Gross Unrealized Gains | 68,776 | 50,094 |
Gross Unrealized Losses | -43,198 | -113,206 |
Fair Value | 2,047,688 | 1,962,915 |
U.S. Government Agency Securities [Member] | ' | ' |
Schedule of Held-to-maturity Securities [Line Items] | ' | ' |
Amortized Cost | 750,000 | 750,000 |
Gross Unrealized Losses | -93,000 | -126,150 |
Fair Value | $657,000 | $623,850 |
Investment_Securities_Securiti
Investment Securities (Securities Held To Maturity By Contractual Maturity) (Details) (USD $) | Jun. 30, 2014 | Sep. 30, 2013 |
Investment Securities [Abstract] | ' | ' |
Due after five years through ten years, Amortized Cost | $488,241 | ' |
Due after five years through ten years, Fair Value | 548,898 | ' |
Due after ten years, Amortized Cost | 2,283,869 | ' |
Due after ten years, Fair Value | 2,155,790 | ' |
Amortized Cost | 2,772,110 | 2,776,027 |
Fair Value | $2,704,688 | $2,586,765 |
Investment_Securities_Unrealiz
Investment Securities (Unrealized Loss On Investments) (Details) (USD $) | 9 Months Ended | 12 Months Ended |
Jun. 30, 2014 | Sep. 30, 2013 | |
Schedule of Held-to-maturity Securities [Line Items] | ' | ' |
Fair Value, Less than 12 Months | $3,787,255 | $7,743,902 |
Gross Unrealized Losses, Less than 12 Months | -106,262 | -787,650 |
Fair Value, More than 12 Months | 3,390,395 | ' |
Gross Unrealized Losses, More than 12 Months | -251,060 | ' |
Fair Value | 7,177,650 | 7,743,902 |
Gross Unrealized Losses | -357,322 | -787,650 |
Obligations Of States And Political Subdivisions [Member] | ' | ' |
Schedule of Held-to-maturity Securities [Line Items] | ' | ' |
Fair Value, Less than 12 Months | 880,380 | 1,376,627 |
Gross Unrealized Losses, Less than 12 Months | -14,612 | -157,100 |
Fair Value, More than 12 Months | 604,520 | ' |
Gross Unrealized Losses, More than 12 Months | -39,026 | ' |
Fair Value | 1,484,900 | 1,376,627 |
Gross Unrealized Losses | -53,638 | -157,100 |
U.S. Government Agency Securities [Member] | ' | ' |
Schedule of Held-to-maturity Securities [Line Items] | ' | ' |
Fair Value, Less than 12 Months | 2,906,875 | 6,367,275 |
Gross Unrealized Losses, Less than 12 Months | -91,650 | -630,550 |
Fair Value, More than 12 Months | 2,785,875 | ' |
Gross Unrealized Losses, More than 12 Months | -212,034 | ' |
Fair Value | 5,692,750 | 6,367,275 |
Gross Unrealized Losses | ($303,684) | ($630,550) |
MortgageBacked_Securities_Sche
Mortgage-Backed Securities (Schedule Of Amortized Cost And Fair Values Of Mortgage-Backed Securities) (Details) (USD $) | 9 Months Ended | 12 Months Ended |
Jun. 30, 2014 | Sep. 30, 2013 | |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Mortgage-backed securities, Amortized Cost | ' | $6,840,171 |
Mortgage-backed securities, at fair value | 6,272 | 8,834 |
Freddie Mac Certificates [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Mortgage-backed securities, Amortized Cost | 924 | 1,183 |
Mortgage-backed securities, Gross Unrealized Gains | 40 | 91 |
Gross Unrealized Losses | ' | ' |
Mortgage-backed securities, at fair value | 964 | 1,274 |
Fannie Mae Certificates [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Mortgage-backed securities, Amortized Cost | 4,893 | 6,923 |
Mortgage-backed securities, Gross Unrealized Gains | 415 | 637 |
Gross Unrealized Losses | ' | ' |
Mortgage-backed securities, at fair value | 5,308 | 7,560 |
Mortgage-backed Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Mortgage-backed securities, Amortized Cost | 5,817 | 8,106 |
Mortgage-backed securities, Gross Unrealized Gains | 455 | 728 |
Gross Unrealized Losses | ' | ' |
Mortgage-backed securities, at fair value | $6,272 | $8,834 |
MortgageBacked_Securities_Sche1
Mortgage-Backed Securities (Schedule Of Amortized Cost And Fair Values Of Mortgage-Backed Securities By Contractual Maturity) (Details) (USD $) | Jun. 30, 2014 | Sep. 30, 2013 |
Mortgage-Backed Securities [Line Items] | ' | ' |
Due after one year through five years, Amortized Cost | $291,599 | ' |
Due after one year through five years, Fair Value | 292,146 | ' |
Due after ten years, Amortized Cost | 6,794,934 | ' |
Due after ten years, Fair Value | 6,575,310 | ' |
Amortized Cost, Total | ' | 6,840,171 |
Mortgage-backed securities, Fair Value, Total | 6,272 | 8,834 |
Mortgage-backed Securities [Member] | ' | ' |
Mortgage-Backed Securities [Line Items] | ' | ' |
Due after one year through five years, Amortized Cost | 4,256 | ' |
Due after one year through five years, Fair Value | 4,551 | ' |
Due after five years through ten years, Amortized Cost | 472 | ' |
Due after five years through ten years, Fair Value | 493 | ' |
Due after ten years, Amortized Cost | 1,089 | ' |
Due after ten years, Fair Value | 1,228 | ' |
Amortized Cost, Total | 5,817 | 8,106 |
Mortgage-backed securities, Fair Value, Total | $6,272 | $8,834 |
Loans_Narrative_Details
Loans (Narrative) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Sep. 30, 2013 | Mar. 31, 2014 | Dec. 31, 2012 | |
loan | loan | loan | loan | |||
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' | ' |
Number of impaired loans | 2 | ' | 2 | 2 | ' | ' |
Number of loans | ' | ' | ' | ' | ' | 1 |
Loans on non accrual status | $854,000 | ' | $854,000 | $866,000 | ' | ' |
Foregone interest on non-accrual loans | 11,491 | 31,783 | 38,145 | 38,142 | ' | ' |
Related Allowance | ' | ' | ' | ' | ' | ' |
90 days or more delinquent loans and still accruing | ' | ' | ' | 0 | 0 | ' |
One-To Four-Family Real Estate - Owner Occupied [Member] | ' | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' | ' |
Maximum maturity period of loans | ' | ' | '30 years | ' | ' | ' |
Loan to value ratio | ' | ' | 80.00% | ' | ' | ' |
Maximum loan to value ratio in first time homebuyer program | ' | ' | 95.00% | ' | ' | ' |
Multi-Family Real Estate [Member] | ' | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' | ' |
Maximum maturity period of loans | ' | ' | '20 years | ' | ' | ' |
Loan to value ratio | ' | ' | 75.00% | ' | ' | ' |
Commercial Real Estate [Member] | ' | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' | ' |
Maximum maturity period of loans | ' | ' | '20 years | ' | ' | ' |
Loan to value ratio | ' | ' | 75.00% | ' | ' | ' |
Home Equity And Second Mortgages [Member] | ' | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' | ' |
Maximum Loan Amount | ' | ' | 100,000 | ' | ' | ' |
First and second lien maximum as percentage of appraised value of property | ' | ' | 80.00% | ' | ' | ' |
Unsecured Improvement Loans [Member] | ' | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' | ' |
Maximum maturity period of loans | ' | ' | '5 years | ' | ' | ' |
Commercial Leases And Loans [Member] | ' | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' | ' |
Maximum maturity period of loans | ' | ' | '5 years | ' | ' | ' |
Related Allowance | ' | ' | ' | ' | ' | ' |
Commercial Lines Of Credit [Member] | ' | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' | ' |
Related Allowance | ' | ' | ' | ' | ' | ' |
Maximum [Member] | Commercial Leases And Loans [Member] | ' | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' | ' |
Maximum maturity period of loans | ' | ' | '7 years | ' | ' | ' |
Minimum [Member] | Commercial Leases And Loans [Member] | ' | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' | ' |
Maximum maturity period of loans | ' | ' | '3 years | ' | ' | ' |
Loans_Summary_Of_Major_Classif
Loans (Summary Of Major Classifications Of Loans) (Details) (USD $) | Jun. 30, 2014 | Sep. 30, 2013 |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Loans, total | $128,272,647 | $122,997,424 |
Plus: Unamortized loan premiums | 12,577 | 13,813 |
Less: Unamortized loan fees and costs, net | -319,287 | -265,736 |
Less: Allowance for loan losses | -1,349,038 | -1,299,038 |
Loans total, net | 126,616,899 | 121,446,463 |
One-To-Four Family Real Estate - Owner Occupied [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Loans, total | 20,693,176 | 20,484,626 |
One-To Four-Family Real Estate - Non-Owner Occupied [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Loans, total | 37,802,125 | 32,747,845 |
Construction [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Loans, total | 2,401,917 | 3,847,052 |
Multi-Family Real Estate [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Loans, total | 19,010,236 | 17,707,984 |
Commercial Real Estate [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Loans, total | 23,140,603 | 22,682,578 |
Home Equity And Second Mortgages [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Loans, total | 1,848,912 | 1,235,098 |
Secured Loans [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Loans, total | 164,560 | 188,561 |
Commercial Leases And Loans [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Loans, total | 18,556,827 | 20,074,035 |
Commercial Lines Of Credit [Member] | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' |
Loans, total | $4,654,291 | $4,029,645 |
Loans_Summary_Of_Credit_Qualit
Loans (Summary Of Credit Quality Indicators) (Details) (USD $) | Jun. 30, 2014 | Sep. 30, 2013 |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivable, net | $105,565,999 | $100,013,775 |
Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivable, net | 104,548,336 | 99,213,765 |
Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivable, net | 163,757 | 376,093 |
Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivable, net | 853,906 | 423,917 |
One-To Four-Family Real Estate - Non-Owner Occupied [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivable, net | 37,802,125 | 31,672,481 |
One-To Four-Family Real Estate - Non-Owner Occupied [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivable, net | 37,802,125 | 31,654,257 |
One-To Four-Family Real Estate - Non-Owner Occupied [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivable, net | ' | 18,224 |
Construction [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivable, net | 2,401,917 | 3,847,052 |
Construction [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivable, net | 2,401,917 | 3,847,052 |
Multi-Family Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivable, net | 19,010,236 | 17,707,984 |
Multi-Family Real Estate [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivable, net | 19,010,236 | 17,707,984 |
Commercial Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivable, net | 22,710,614 | 22,682,578 |
Commercial Real Estate [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivable, net | 22,710,614 | 22,682,578 |
Commercial Leases And Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivable, net | 18,986,816 | 20,074,035 |
Commercial Leases And Loans [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivable, net | 18,556,827 | 19,880,846 |
Commercial Leases And Loans [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivable, net | ' | 193,189 |
Commercial Leases And Loans [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivable, net | 429,989 | ' |
Commercial Lines Of Credit [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivable, net | 4,654,291 | 4,029,645 |
Commercial Lines Of Credit [Member] | Pass [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivable, net | 4,066,617 | 3,441,048 |
Commercial Lines Of Credit [Member] | Special Mention [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivable, net | 163,757 | 164,680 |
Commercial Lines Of Credit [Member] | Substandard [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivable, net | $423,917 | $423,917 |
Loans_Summary_Of_Performing_An
Loans (Summary Of Performing And Non-Performing Loans) (Details) (USD $) | Jun. 30, 2014 | Sep. 30, 2013 |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivable, net | $105,565,999 | $100,013,775 |
Non-Performing Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivable, net | ' | ' |
Performing Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivable, net | 22,706,648 | 21,908,285 |
Total Performing and Non-performing Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivable, net | 22,706,648 | 21,908,285 |
One-To-Four Family Real Estate - Owner Occupied [Member] | Non-Performing Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivable, net | ' | ' |
One-To-Four Family Real Estate - Owner Occupied [Member] | Performing Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivable, net | 20,693,176 | 20,484,626 |
One-To-Four Family Real Estate - Owner Occupied [Member] | Total Performing and Non-performing Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivable, net | 20,693,176 | 20,484,626 |
One-To Four-Family Real Estate - Non-Owner Occupied [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivable, net | 37,802,125 | 31,672,481 |
Home Equity And Second Mortgages [Member] | Non-Performing Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivable, net | ' | ' |
Home Equity And Second Mortgages [Member] | Performing Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivable, net | 1,848,912 | 1,235,098 |
Home Equity And Second Mortgages [Member] | Total Performing and Non-performing Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivable, net | 1,848,912 | 1,235,098 |
Secured Loans [Member] | Non-Performing Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivable, net | ' | ' |
Secured Loans [Member] | Performing Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivable, net | 164,560 | 188,561 |
Secured Loans [Member] | Total Performing and Non-performing Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment [Line Items] | ' | ' |
Financing receivable, net | $164,560 | $188,561 |
Loans_Schedule_Of_Impaired_Loa
Loans (Schedule Of Impaired Loans) (Details) (USD $) | 9 Months Ended | 12 Months Ended |
Jun. 30, 2014 | Sep. 30, 2013 | |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment, With Specific Allowance | ' | ' |
Related Allowance | ' | ' |
Recorded Investment, With No Specific Allowance | 853,906 | 866,411 |
Recorded Investment | 853,906 | 866,411 |
Unpaid Principal Balance | 853,906 | 866,411 |
Average Recorded Investment | 860,159 | 877,863 |
Interest Income Recognized | ' | 7,447 |
Commercial Leases And Loans [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment, With Specific Allowance | ' | ' |
Related Allowance | ' | ' |
Recorded Investment, With No Specific Allowance | 429,989 | 442,494 |
Recorded Investment | 429,989 | 442,494 |
Unpaid Principal Balance | 429,989 | 442,494 |
Average Recorded Investment | 436,242 | 453,946 |
Interest Income Recognized | ' | 7,447 |
Commercial Lines Of Credit [Member] | ' | ' |
Financing Receivable, Impaired [Line Items] | ' | ' |
Recorded Investment, With Specific Allowance | ' | ' |
Related Allowance | ' | ' |
Recorded Investment, With No Specific Allowance | 423,917 | 423,917 |
Recorded Investment | 423,917 | 423,917 |
Unpaid Principal Balance | 423,917 | 423,917 |
Average Recorded Investment | 423,917 | 423,917 |
Interest Income Recognized | ' | ' |
Loans_Summary_Of_Classes_Of_Lo
Loans (Summary Of Classes Of Loans Past Due) (Details) (USD $) | Jun. 30, 2014 | Sep. 30, 2013 |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | $259,316 | $309,449 |
60-89 Days Past Due | ' | 79,229 |
Greater than 90 Days | 853,906 | 423,917 |
Total Past Due | 1,113,222 | 812,595 |
Current | 127,159,425 | 122,184,829 |
Loans receivable | 128,272,647 | 122,997,424 |
Non-accrual Loans | 853,906 | 866,411 |
One-To-Four Family Real Estate - Owner Occupied [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | 259,316 | 116,259 |
60-89 Days Past Due | ' | 60,242 |
Total Past Due | 259,316 | 176,501 |
Current | 20,433,860 | 20,308,125 |
Loans receivable | 20,693,176 | 20,484,626 |
One-To Four-Family Real Estate - Non-Owner Occupied [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | 37,802,125 | 32,747,845 |
Loans receivable | 37,802,125 | 32,747,845 |
Construction [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | 2,401,917 | 3,847,052 |
Loans receivable | 2,401,917 | 3,847,052 |
Multi-Family Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | 19,010,236 | 17,707,984 |
Loans receivable | 19,010,236 | 17,707,984 |
Commercial Real Estate [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | 23,140,603 | 22,682,578 |
Loans receivable | 23,140,603 | 22,682,578 |
Home Equity And Second Mortgages [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
60-89 Days Past Due | ' | 18,987 |
Total Past Due | ' | 18,987 |
Current | 1,848,912 | 1,216,111 |
Loans receivable | 1,848,912 | 1,235,098 |
Secured Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Current | 164,560 | 188,561 |
Loans receivable | 164,560 | 188,561 |
Commercial Leases And Loans [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
30-59 Days Past Due | ' | 193,190 |
Greater than 90 Days | 429,989 | ' |
Total Past Due | 429,989 | 193,190 |
Current | 18,126,838 | 19,880,845 |
Loans receivable | 18,556,827 | 20,074,035 |
Non-accrual Loans | 429,989 | 442,494 |
Commercial Lines Of Credit [Member] | ' | ' |
Financing Receivable, Recorded Investment, Past Due [Line Items] | ' | ' |
Greater than 90 Days | 423,917 | 423,917 |
Total Past Due | 423,917 | 423,917 |
Current | 4,230,374 | 3,605,728 |
Loans receivable | 4,654,291 | 4,029,645 |
Non-accrual Loans | $423,917 | $423,917 |
Loans_Summary_Of_Changes_In_Th
Loans (Summary Of Changes In The Allowance For Loan Losses)(Details) (USD $) | 3 Months Ended | 9 Months Ended | |||||
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 | Dec. 31, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Allowance for credit losses: Beginning balance | ' | ' | $1,299,038 | $1,142,038 | $1,324,038 | ' | $1,224,038 |
Allowance for credit Losses, Charge-offs | ' | ' | ' | ' | ' | ' | ' |
Allowance for credit Losses, Recoveries | ' | ' | ' | ' | ' | ' | ' |
Allowance for credit Losses, Provisions (credits) | 25,000 | 40,000 | 50,000 | 122,000 | ' | ' | ' |
Allowance for credit losses: Ending balance | 1,349,038 | 1,264,038 | 1,349,038 | 1,264,038 | 1,324,038 | ' | 1,224,038 |
Allowance for credit losses: Ending balance: individually evaluated for impairment | ' | ' | ' | ' | ' | ' | ' |
Allowance for credit losses: Ending balance: collectively evaluated for impairment | 1,349,038 | ' | 1,349,038 | ' | ' | 1,299,038 | ' |
Loans receivable: Ending balance | 128,272,647 | ' | 128,272,647 | ' | ' | 122,997,424 | ' |
Loans receivable: Ending balance: individually evaluated for impairment | 853,906 | ' | 853,906 | ' | ' | 866,411 | ' |
Loans receivable: Ending balance: collectively evaluated for impairment | 127,418,741 | ' | 127,418,741 | ' | ' | 122,131,013 | ' |
One-To-Four Family Real Estate - Owner Occupied [Member] | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Allowance for credit losses: Beginning balance | ' | ' | 156,975 | 114,206 | 148,305 | ' | 169,106 |
Allowance for credit Losses, Charge-offs | ' | ' | ' | ' | ' | ' | ' |
Allowance for credit Losses, Recoveries | ' | ' | ' | ' | ' | ' | ' |
Allowance for credit Losses, Provisions (credits) | 2,593 | -3,837 | -6,077 | 51,063 | ' | ' | ' |
Allowance for credit losses: Ending balance | 150,898 | 165,269 | 150,898 | 165,269 | 148,305 | ' | 169,106 |
Allowance for credit losses: Ending balance: individually evaluated for impairment | ' | ' | ' | ' | ' | ' | ' |
Allowance for credit losses: Ending balance: collectively evaluated for impairment | 150,898 | ' | 150,898 | ' | ' | 156,975 | ' |
Loans receivable: Ending balance | 20,693,176 | ' | 20,693,176 | ' | ' | 20,484,626 | ' |
Loans receivable: Ending balance: collectively evaluated for impairment | 20,693,176 | ' | 20,693,176 | ' | ' | 20,484,626 | ' |
One-To Four-Family Real Estate - Non-Owner Occupied [Member] | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Allowance for credit losses: Beginning balance | ' | ' | 267,895 | 306,078 | 284,327 | ' | 242,657 |
Allowance for credit Losses, Charge-offs | ' | ' | ' | ' | ' | ' | ' |
Allowance for credit Losses, Recoveries | ' | ' | ' | ' | ' | ' | ' |
Allowance for credit Losses, Provisions (credits) | 12,850 | 14,110 | 29,282 | -49,311 | ' | ' | ' |
Allowance for credit losses: Ending balance | 297,177 | 256,767 | 297,177 | 256,767 | 284,327 | ' | 242,657 |
Allowance for credit losses: Ending balance: individually evaluated for impairment | ' | ' | ' | ' | ' | ' | ' |
Allowance for credit losses: Ending balance: collectively evaluated for impairment | 297,177 | ' | 297,177 | ' | ' | 267,895 | ' |
Loans receivable: Ending balance | 37,802,125 | ' | 37,802,125 | ' | ' | 32,747,845 | ' |
Loans receivable: Ending balance: collectively evaluated for impairment | 37,802,125 | ' | 37,802,125 | ' | ' | 32,747,845 | ' |
Construction [Member] | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Allowance for credit losses: Beginning balance | ' | ' | 19,435 | 4,482 | 41,187 | ' | 14,858 |
Allowance for credit Losses, Charge-offs | ' | ' | ' | ' | ' | ' | ' |
Allowance for credit Losses, Recoveries | ' | ' | ' | ' | ' | ' | ' |
Allowance for credit Losses, Provisions (credits) | -3,957 | 707 | 17,795 | 11,083 | ' | ' | ' |
Allowance for credit losses: Ending balance | 37,230 | 15,565 | 37,230 | 15,565 | 41,187 | ' | 14,858 |
Allowance for credit losses: Ending balance: individually evaluated for impairment | ' | ' | ' | ' | ' | ' | ' |
Allowance for credit losses: Ending balance: collectively evaluated for impairment | 37,230 | ' | 37,230 | ' | ' | 19,435 | ' |
Loans receivable: Ending balance | 2,401,917 | ' | 2,401,917 | ' | ' | 3,847,052 | ' |
Loans receivable: Ending balance: collectively evaluated for impairment | 2,401,917 | ' | 2,401,917 | ' | ' | 3,847,052 | ' |
Multi-Family Real Estate [Member] | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Allowance for credit losses: Beginning balance | ' | ' | 141,683 | 127,624 | 143,351 | ' | 116,651 |
Allowance for credit Losses, Charge-offs | ' | ' | ' | ' | ' | ' | ' |
Allowance for credit Losses, Recoveries | ' | ' | ' | ' | ' | ' | ' |
Allowance for credit Losses, Provisions (credits) | 349 | 19,817 | 2,017 | 8,844 | ' | ' | ' |
Allowance for credit losses: Ending balance | 143,700 | 136,468 | 143,700 | 136,468 | 143,351 | ' | 116,651 |
Allowance for credit losses: Ending balance: individually evaluated for impairment | ' | ' | ' | ' | ' | ' | ' |
Allowance for credit losses: Ending balance: collectively evaluated for impairment | 143,700 | ' | 143,700 | ' | ' | 141,683 | ' |
Loans receivable: Ending balance | 19,010,236 | ' | 19,010,236 | ' | ' | 17,707,984 | ' |
Loans receivable: Ending balance: collectively evaluated for impairment | 19,010,236 | ' | 19,010,236 | ' | ' | 17,707,984 | ' |
Commercial Real Estate [Member] | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Allowance for credit losses: Beginning balance | ' | ' | 269,940 | 240,503 | 313,838 | ' | 268,081 |
Allowance for credit Losses, Charge-offs | ' | ' | ' | ' | ' | ' | ' |
Allowance for credit Losses, Recoveries | ' | ' | ' | ' | ' | ' | ' |
Allowance for credit Losses, Provisions (credits) | -52,092 | -5,611 | -8,194 | 21,967 | ' | ' | ' |
Allowance for credit losses: Ending balance | 261,746 | 262,470 | 261,746 | 262,470 | 313,838 | ' | 268,081 |
Allowance for credit losses: Ending balance: individually evaluated for impairment | ' | ' | ' | ' | ' | ' | ' |
Allowance for credit losses: Ending balance: collectively evaluated for impairment | 261,746 | ' | 261,746 | ' | ' | 269,940 | ' |
Loans receivable: Ending balance | 23,140,603 | ' | 23,140,603 | ' | ' | 22,682,578 | ' |
Loans receivable: Ending balance: collectively evaluated for impairment | 23,140,603 | ' | 23,140,603 | ' | ' | 22,682,578 | ' |
Home Equity And Second Mortgages [Member] | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Allowance for credit losses: Beginning balance | ' | ' | 7,471 | 6,938 | 8,869 | ' | 7,179 |
Allowance for credit Losses, Charge-offs | ' | ' | ' | ' | ' | ' | ' |
Allowance for credit Losses, Recoveries | ' | ' | ' | ' | ' | ' | ' |
Allowance for credit Losses, Provisions (credits) | 779 | 670 | 2,177 | 911 | ' | ' | ' |
Allowance for credit losses: Ending balance | 9,648 | 7,849 | 9,648 | 7,849 | 8,869 | ' | 7,179 |
Allowance for credit losses: Ending balance: individually evaluated for impairment | ' | ' | ' | ' | ' | ' | ' |
Allowance for credit losses: Ending balance: collectively evaluated for impairment | 9,648 | ' | 9,648 | ' | ' | 7,471 | ' |
Loans receivable: Ending balance | 1,848,912 | ' | 1,848,912 | ' | ' | 1,235,098 | ' |
Loans receivable: Ending balance: collectively evaluated for impairment | 1,848,912 | ' | 1,848,912 | ' | ' | 1,235,098 | ' |
Secured Loans [Member] | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Allowance for credit Losses, Charge-offs | ' | ' | ' | ' | ' | ' | ' |
Allowance for credit Losses, Recoveries | ' | ' | ' | ' | ' | ' | ' |
Allowance for credit losses: Ending balance: individually evaluated for impairment | ' | ' | ' | ' | ' | ' | ' |
Loans receivable: Ending balance | 164,560 | ' | 164,560 | ' | ' | 188,561 | ' |
Loans receivable: Ending balance: collectively evaluated for impairment | 164,560 | ' | 164,560 | ' | ' | 188,561 | ' |
Commercial Leases And Loans [Member] | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Allowance for credit losses: Beginning balance | ' | ' | 246,978 | 242,641 | 264,564 | ' | 253,757 |
Allowance for credit Losses, Charge-offs | ' | ' | ' | ' | ' | ' | ' |
Allowance for credit Losses, Recoveries | ' | ' | ' | ' | ' | ' | ' |
Allowance for credit Losses, Provisions (credits) | 3,444 | -489 | 21,030 | 10,627 | ' | ' | ' |
Allowance for credit losses: Ending balance | 268,008 | 253,268 | 268,008 | 253,268 | 264,564 | ' | 253,757 |
Allowance for credit losses: Ending balance: individually evaluated for impairment | ' | ' | ' | ' | ' | ' | ' |
Allowance for credit losses: Ending balance: collectively evaluated for impairment | 268,008 | ' | 268,008 | ' | ' | 246,978 | ' |
Loans receivable: Ending balance | 18,556,827 | ' | 18,556,827 | ' | ' | 20,074,035 | ' |
Loans receivable: Ending balance: individually evaluated for impairment | 429,989 | ' | 429,989 | ' | ' | 442,494 | ' |
Loans receivable: Ending balance: collectively evaluated for impairment | 18,126,838 | ' | 18,126,838 | ' | ' | 19,631,541 | ' |
Commercial Lines Of Credit [Member] | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Allowance for credit losses: Beginning balance | ' | ' | 46,381 | 60,760 | 49,274 | ' | 69,306 |
Allowance for credit Losses, Charge-offs | ' | ' | ' | ' | ' | ' | ' |
Allowance for credit Losses, Recoveries | ' | ' | ' | ' | ' | ' | ' |
Allowance for credit Losses, Provisions (credits) | 4,343 | -3,997 | 7,236 | 4,549 | ' | ' | ' |
Allowance for credit losses: Ending balance | 53,617 | 65,309 | 53,617 | 65,309 | 49,274 | ' | 69,306 |
Allowance for credit losses: Ending balance: individually evaluated for impairment | ' | ' | ' | ' | ' | ' | ' |
Allowance for credit losses: Ending balance: collectively evaluated for impairment | 53,617 | ' | 53,617 | ' | ' | 46,381 | ' |
Loans receivable: Ending balance | 4,654,291 | ' | 4,654,291 | ' | ' | 4,029,645 | ' |
Loans receivable: Ending balance: individually evaluated for impairment | 423,917 | ' | 423,917 | ' | ' | 423,917 | ' |
Loans receivable: Ending balance: collectively evaluated for impairment | 4,230,374 | ' | 4,230,374 | ' | ' | 3,605,728 | ' |
Non-allocated [Member] | ' | ' | ' | ' | ' | ' | ' |
Financing Receivable, Allowance for Credit Losses [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Allowance for credit losses: Beginning balance | ' | ' | 142,280 | 38,806 | 70,323 | ' | 82,443 |
Allowance for credit Losses, Charge-offs | ' | ' | ' | ' | ' | ' | ' |
Allowance for credit Losses, Recoveries | ' | ' | ' | ' | ' | ' | ' |
Allowance for credit Losses, Provisions (credits) | 56,691 | 18,630 | -15,266 | 62,267 | ' | ' | ' |
Allowance for credit losses: Ending balance | 127,014 | 101,073 | 127,014 | 101,073 | 70,323 | ' | 82,443 |
Allowance for credit losses: Ending balance: individually evaluated for impairment | ' | ' | ' | ' | ' | ' | ' |
Allowance for credit losses: Ending balance: collectively evaluated for impairment | $127,014 | ' | $127,014 | ' | ' | $142,280 | ' |
Commitments_Details
Commitments (Details) (USD $) | 6 Months Ended | 9 Months Ended | 12 Months Ended |
Mar. 31, 2014 | Jun. 30, 2014 | Sep. 30, 2013 | |
Exposure to Credit Loss for Loan and Lease Commitments [Line Items] | ' | ' | ' |
Maximum exposure to credit loss for unfunded loans and lease commitments | ' | 14,501,259 | 10,726,000 |
Fixed rate loan commitments | ' | 7,694,000 | 3,256,000 |
Minimum [Member] | ' | ' | ' |
Exposure to Credit Loss for Loan and Lease Commitments [Line Items] | ' | ' | ' |
Interest rate for unfunded loans and lease commitments | 1.20% | ' | 1.20% |
Interest rate for fixed rate loan commitments | ' | 1.20% | 3.75% |
Maximum [Member] | ' | ' | ' |
Exposure to Credit Loss for Loan and Lease Commitments [Line Items] | ' | ' | ' |
Interest rate for unfunded loans and lease commitments | 6.75% | ' | 6.75% |
Interest rate for fixed rate loan commitments | ' | 6.75% | 6.75% |
Fair_Value_Measurements_And_Fa2
Fair Value Measurements And Fair Values Of Financial Instruments (Schedule Of Financial Assets Measured At Fair Value On A Recurring Basis) (Details) (USD $) | Jun. 30, 2014 | Sep. 30, 2013 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Mortgage-backed securities available for sale | $6,272 | $8,834 |
Investment securities available for sale | 6,867,456 | 6,291,877 |
Assets Fair Value | 6,873,728 | 6,300,711 |
(Level 1) Quoted Prices In Active Markets For Identical Assets [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Mortgage-backed securities available for sale | ' | ' |
Assets Fair Value | ' | ' |
(Level 2) Significant Other Observable Inputs [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Mortgage-backed securities available for sale | 6,272 | 8,834 |
Investment securities available for sale | 6,867,456 | 6,291,877 |
Assets Fair Value | 6,873,728 | 6,300,711 |
(Level 3) Significant Unobservable Inputs [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Mortgage-backed securities available for sale | ' | ' |
Assets Fair Value | ' | ' |
Obligations Of States And Political Subdivisions [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | 581,706 | 548,452 |
Obligations Of States And Political Subdivisions [Member] | (Level 1) Quoted Prices In Active Markets For Identical Assets [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | ' | ' |
Obligations Of States And Political Subdivisions [Member] | (Level 2) Significant Other Observable Inputs [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | 581,706 | 548,452 |
Obligations Of States And Political Subdivisions [Member] | (Level 3) Significant Unobservable Inputs [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | ' | ' |
U.S. Government Agency Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | 6,285,750 | 5,743,425 |
U.S. Government Agency Securities [Member] | (Level 1) Quoted Prices In Active Markets For Identical Assets [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | ' | ' |
U.S. Government Agency Securities [Member] | (Level 2) Significant Other Observable Inputs [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | 6,285,750 | 5,743,425 |
U.S. Government Agency Securities [Member] | (Level 3) Significant Unobservable Inputs [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Investment securities available for sale | ' | ' |
Fair_Value_Measurements_And_Fa3
Fair Value Measurements And Fair Values Of Financial Instruments (Schedule Of Financial Assets Measured At Fair Value On A Non Recurring Basis) (Details) (USD $) | Jun. 30, 2014 | Sep. 30, 2013 |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans | $853,906 | $866,411 |
(Level 3) Significant Unobservable Inputs [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Impaired loans | $853,906 | $866,411 |
Fair_Value_Measurements_And_Fa4
Fair Value Measurements And Fair Values Of Financial Instruments (Schedule Of Financial Assets Quantitative Information For Level 3) (Details) (USD $) | 9 Months Ended | 12 Months Ended | ||
Jun. 30, 2014 | Sep. 30, 2013 | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Impaired loans | $853,906 | $866,411 | ||
Income Approach Valuation Technique [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Impaired loans | 429,989 | 442,494 | ||
Probability of default | ' | ' | ||
Fair value valuation techniques | 'Discounted cash flow | 'Discounted cash flow | ||
Market Approach Valuation Technique [Member] | ' | ' | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' | ||
Impaired loans | $423,917 | $423,917 | ||
Appraisal adjustments | 20.00% | [1] | 20.00% | [1] |
Fair value valuation techniques | 'Fair Value of collateral | [2] | 'Fair Value of collateral | [2] |
[1] | Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range and weighted average of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal. | |||
[2] | Fair value is generally determined through independent appraisals of the underlying collateral, which generally includes various Level III inputs which are not identifiable. |
Fair_Value_Measurements_And_Fa5
Fair Value Measurements And Fair Values Of Financial Instruments (Schedule Of Estimated Fair Values Of Financial Instruments) (Details) (USD $) | Jun. 30, 2014 | Sep. 30, 2013 |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investment securities available for sale | $6,867,456 | $6,291,877 |
Investment securities held to maturity | 2,704,688 | 2,586,765 |
Mortgage-backed securities available for sale | 6,272 | 8,834 |
Carrying Amount [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Cash and cash equivalents | 11,824,607 | 7,181,069 |
Investment securities available for sale | 6,867,456 | 6,291,877 |
Investment securities held to maturity | 2,772,110 | 2,776,027 |
Mortgage-backed securities available for sale | 6,272 | 8,834 |
FHLB stock | 499,200 | 237,400 |
Loans receivable, net | 126,616,899 | 121,446,463 |
Accrued interest receivable | 491,812 | 521,613 |
Deposits | 122,522,730 | 117,457,422 |
FHLB advances | 4,500,000 | ' |
Advances from borrowers for taxes and insurance | 637,971 | 477,035 |
Accrued interest payable | 82,001 | 83,646 |
Fair Market Value [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Cash and cash equivalents | 11,824,607 | 7,181,069 |
Investment securities available for sale | 6,867,456 | 6,291,877 |
Investment securities held to maturity | 2,704,688 | 2,586,765 |
Mortgage-backed securities available for sale | 6,272 | 8,834 |
FHLB stock | 499,200 | 237,400 |
Loans receivable, net | 133,282,000 | 127,426,461 |
Accrued interest receivable | 491,812 | 521,613 |
Deposits | 122,599,626 | 117,489,423 |
FHLB advances | 4,500,000 | ' |
Advances from borrowers for taxes and insurance | 637,971 | 477,035 |
Accrued interest payable | 82,001 | 83,646 |
(Level 1) Quoted Prices In Active Markets For Identical Assets [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Cash and cash equivalents | 11,824,607 | 7,181,069 |
Mortgage-backed securities available for sale | ' | ' |
FHLB stock | 499,200 | 237,400 |
Accrued interest receivable | 491,812 | 521,613 |
Deposits | 53,940,626 | 49,726,623 |
Advances from borrowers for taxes and insurance | 637,971 | 477,035 |
Accrued interest payable | 82,001 | 83,646 |
(Level 2) Significant Other Observable Inputs [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Investment securities available for sale | 6,867,456 | 6,291,877 |
Investment securities held to maturity | 2,704,688 | 2,586,765 |
Mortgage-backed securities available for sale | 6,272 | 8,834 |
FHLB advances | 4,500,000 | ' |
(Level 3) Significant Unobservable Inputs [Member] | ' | ' |
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ' | ' |
Mortgage-backed securities available for sale | ' | ' |
Loans receivable, net | 133,282,000 | 127,426,461 |
Deposits | $68,659,000 | $67,762,800 |
Capital_Requirements_Banks_Com
Capital Requirements (Bank's Compliance With Regulatory Capital Requirements) (Details) (USD $) | Jun. 30, 2014 | Sep. 30, 2013 |
In Thousands, unless otherwise specified | ||
Capital Requirements [Abstract] | ' | ' |
Total capital, Actual | $23,620 | $22,351 |
Total capital, For Capital Adequacy Purposes | 7,795 | 7,513 |
Total capital, To be well Capitalized | 9,744 | 9,391 |
Tier 1 capital, Actual | 22,402 | 21,176 |
Tier 1 capital, For Capital Adequacy Purposes | 3,898 | 3,756 |
Tier 1 capital, To be well Capitalized | 5,846 | 5,634 |
Core (Tier 1) capital, Actual | 22,402 | 21,176 |
Core (Tier 1) capital, For Capital Adequacy Purposes | 6,136 | 5,682 |
Core (Tier 1) capital, To be well Capitalized | $7,670 | $7,102 |
Total capital to risk-weighted assets, Actual, Ratio | 24.24% | 23.80% |
Total capital to risk-weighted assets, For Capital Adequacy Purposes, Ratio | 8.00% | 8.00% |
Total capital to risk-weighted assets, To be well Capitalized, Ratio | 10.00% | 10.00% |
Tier 1 capital to risk-weighted assets, Actual, Ratio | 22.99% | 22.55% |
Tier 1 capital to risk-weighted assets, For Capital Adequacy Purposes, Ratio | 4.00% | 4.00% |
Tier 1 capital to risk-weighted assets, To be well Capitalized, Ratio | 6.00% | 6.00% |
Core (Tier 1) capital to adjusted total assets, Actual, Ratio | 14.60% | 14.91% |
Core (Tier 1) capital to adjusted total assets, For Capital Adequacy Purposes, Ratio | 4.00% | 4.00% |
Core (Tier 1) capital to adjusted total assets, To be well Capitalized, Ratio | 5.00% | 5.00% |
Capital_Requirements_Banks_Equ
Capital Requirements (Bank's Equity Under Accounting Principles To Regulatory Capital Requirements) (Details) (USD $) | Jun. 30, 2014 | Sep. 30, 2013 |
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ' | ' |
Total equity | $22,933,251 | $21,986,200 |
Tier 1 capital, Total | 22,402,000 | 21,176,000 |
Total risk-based capital | 23,620,000 | 22,351,000 |
Eureka Bank [Member] | ' | ' |
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items] | ' | ' |
Total equity | 22,257,000 | 20,815,000 |
Unrealized loss on securities available-for-sale | 145,000 | 361,000 |
Tier 1 capital, Total | 22,402,000 | 21,176,000 |
Allowable allowances for loan and lease losses | 1,218,000 | 1,175,000 |
Total risk-based capital | $23,620,000 | $22,351,000 |