Meetinghouse Bancorp (MTGB) 10-Q 14 Aug 14 2014 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Jun. 30, 2014	Aug. 13, 2014
Document and Entity Information	'	'
Entity Registrant Name	'Meetinghouse Bancorp, Inc.	'
Entity Central Index Key	'0001543367	'
Document Type	'10-Q	'
Document Period End Date	30-Jun-14	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--09-30	'
Entity Well-known Seasoned Issuer	'No	'
Entity Voluntary Filers	'No	'
Entity Current Reporting Status	'Yes	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Common Stock, Shares Outstanding	'	661,250
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Jun. 30, 2014	Sep. 30, 2013
In Thousands, unless otherwise specified
ASSETS	'	'
Cash and due from banks	$3,326	$3,182
Federal funds sold	345	1,485
Interest-bearing demand deposits with other banks	34	46
Cash and cash equivalents	3,705	4,713
Interest-bearing time deposits in other banks	2,984	4,147
Investments in available-for-sale securities (at fair value)	14,464	5,309
Federal Home Loan Bank stock, at cost	561	282
Loans held-for-sale	5,537	749
Loans, net of allowance for loan losses of $457,000 as of June 30, 2014 and $435,000 as of September 30, 2013	70,027	57,939
Premises and equipment	1,900	1,865
Investment in real estate	937	952
Cooperative Central Bank deposit	427	427
Accrued interest receivable	231	197
Other assets	596	481
Total assets	101,369	77,061
Deposits:	'	'
Noninterest-bearing	13,243	11,015
Interest-bearing	68,652	55,177
Total deposits	81,895	66,192
Deferred income tax liability, net	132	107
Federal Home Loan Bank advances	8,760	'
Other liabilities	165	375
Total liabilities	90,952	66,674
Stockholders' Equity:	'	'
Preferred stock, 500,000 shares authorized; none outstanding	'	'
Common stock, $.01 par value; 5,000,000 shares authorized; 661,250 shares issued and outstanding at June 30, 2014 and September 30, 2013	7	7
Additional paid-in capital	5,665	5,645
Retained earnings	5,026	5,179
Unearned compensation - ESOP (34,347 shares unallocated at June 30, 2014 and 45,795 shares at September 30, 2013)	-361	-482
Accumulated other comprehensive income	80	38
Total stockholders' equity	10,417	10,387
Total liabilities and stockholders' equity	$101,369	$77,061

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Jun. 30, 2014	Sep. 30, 2013
In Thousands, except Share data, unless otherwise specified
CONSOLIDATED BALANCE SHEETS	'	'
Loans, allowance for loan losses	$457	$435
Preferred stock, shares authorized (in shares)	500,000	500,000
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$0.01	$0.01
Common stock, shares authorized (in shares)	5,000,000	5,000,000
Common stock, shares issued (in shares)	661,250	661,250
Common stock, shares outstanding (in shares)	661,250	661,250
Unearned Compensation - ESOP, shares unallocated	34,347	45,795

CONSOLIDATED_STATEMENTS_OF_LOS

CONSOLIDATED STATEMENTS OF LOSS (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Interest and dividend income:	'	'	'	'
Interest and fees on loans	$738	$627	$2,113	$1,802
Interest and dividends on securities	89	34	189	114
Other interest	7	9	23	36
Total interest and dividend income	834	670	2,325	1,952
Interest expense:	'	'	'	'
Interest on deposits	149	131	420	396
Interest on Federal Home Loan Bank advances	3	'	10	'
Total interest expense	152	131	430	396
Net interest and dividend income	682	539	1,895	1,556
Provision for loan losses	40	27	19	72
Net interest and dividend income after (benefit) provision for loan losses	642	512	1,876	1,484
Noninterest income:	'	'	'	'
Gain on secondary market activities	102	190	314	714
Customer service fees	56	75	230	225
Other income	8	11	36	44
Total noninterest income	166	276	580	983
Noninterest expense:	'	'	'	'
Salaries and employee benefits	494	428	1,446	1,297
Occupancy and equipment expense	120	117	345	275
Professional fees	112	143	298	315
Data processing	70	57	221	197
Deposit insurance expense	18	44	46	48
Advertising	23	12	64	48
Supplies	12	17	32	46
Other expense	81	91	237	262
Total noninterest expense	930	909	2,689	2,488
Loss before income tax benefit	-122	-121	-233	-21
Income tax benefit	-42	-49	-80	-17
Net loss	($80)	($72)	($153)	($4)
Loss per share:	'	'	'	'
Basic (in dollars per share)	($0.13)	($0.12)	($0.25)	($0.01)
Diluted (in dollars per share)	($0.13)	($0.12)	($0.25)	($0.01)
Weighted average shares outstanding	'	'	'	'
Basic (in shares)	625,016	615,455	621,193	615,363
Diluted (in shares)	625,016	615,455	621,193	615,363

CONSOLIDATED_STATEMENTS_OF_COM

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)	'	'	'	'
Net loss	($80)	($72)	($153)	($4)
Other comprehensive income (loss), net of tax:	'	'	'	'
Net change in unrealized holding gain on available-for-sale securities	69	-55	42	-113
Other comprehensive income (loss), net of tax	69	-55	42	-113
Comprehensive loss income	($11)	($127)	($111)	($117)

CONSOLIDATED_STATEMENTS_OF_CHA

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (USD $)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Employee Stock Ownership Plan (ESOP) Plan [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Total
In Thousands, except Share data, unless otherwise specified
Balance at Sep. 30, 2012	'	'	$5,256	'	$162	$5,418
Increase (Decrease) in Stockholders' Equity	'	'	'	'	'	'
Net loss	'	'	-4	'	'	-4
Other comprehensive loss, net of tax	'	'	'	'	-113	-113
Issuance of common stock for initial public offering, net of offering costs of $961 for the period ended June 30, 2013	7	5,645	'	'	'	5,652
Issuance of common stock for initial public offering, net of offering costs of $961 for the period ended June 30, 2013 (in shares)	661,250	'	'	'	'	'
Common stock acquired by ESOP (46,287 shares) for the period ended June 30, 2013	'	'	'	-487	'	-487
Common stock released by ESOP (7,632 and 492 shares) for the period ended March 31, 2014 and 2013, respectively	'	'	'	5	'	5
Balance at Jun. 30, 2013	7	5,645	5,252	-482	49	10,471
Balance (in shares) at Jun. 30, 2013	661,250	'	'	'	'	'
Balance at Sep. 30, 2013	7	5,645	5,179	-482	38	10,387
Balance (in shares) at Sep. 30, 2013	661,250	'	'	'	'	'
Increase (Decrease) in Stockholders' Equity	'	'	'	'	'	'
Net loss	'	'	-153	'	'	-153
Other comprehensive loss, net of tax	'	'	'	'	42	42
Common stock released by ESOP (7,632 and 492 shares) for the period ended March 31, 2014 and 2013, respectively	'	15	'	80	'	95
Common stock committed to be released by ESOP (3,816 shares)	'	5	'	41	'	46
Balance at Jun. 30, 2014	$7	$5,665	$5,026	($361)	$80	$10,417
Balance (in shares) at Jun. 30, 2014	661,250	'	'	'	'	'

CONSOLIDATED_STATEMENTS_OF_CHA1

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) (USD $)	9 Months Ended
In Thousands, except Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY	'	'
Offering costs for issuance of common stock for initial public offering	'	$961
Common stock acquired by ESOP (in shares)	'	46,287
Common stock released by ESOP (in shares)	7,632	492
Common stock committed to be released by ESOP (in shares)	3,816	'

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Cash flows from operating activities:	'	'
Net loss	($153)	($4)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:	'	'
Amortization of securities, net	25	25
Provision for loan losses	19	72
Change in deferred loan costs, net	-125	-164
Loans originated for sale	-30,607	-93,065
Proceeds from sale of loans	26,133	93,741
Gain on sales of loans	-314	-714
Depreciation and amortization	131	95
Increase in accrued interest receivable	-34	-24
(Increase) decrease in other assets	-121	498
ESOP shares released	141	'
(Decrease) increase in accrued expenses and other liabilities	-210	56
Net cash (used in) provided by operating activities	-5,115	516
Cash flows from investing activities:	'	'
Purchases of interest-bearing time deposits in other banks	-1,738	-1,992
Proceeds from maturities of interest-bearing time deposits in other banks	2,901	1,052
Purchases of available-for-sale securities	-10,146	-2,181
Proceeds from maturities of available-for-sale securities	1,033	1,891
Loan originations and principal collections, net	-11,985	-9,451
Recoveries of loans previously charged off	3	'
(Purchase) redemption of Federal Home Loan Bank stock	-279	119
Capital expenditures	-145	-527
Net cash used in investing activities	-20,356	-11,089
Cash flows from financing activities:	'	'
Net increase (decrease) in demand deposits, NOW and savings accounts	4,383	-2,493
Net increase (decrease) in time deposits	11,320	-1,002
Net change in short-term advances from Federal Home Loan Bank	8,760	1,500
Proceeds from common stock offering	'	6,613
Costs of common stock offering	'	-961
Common stock acquired by ESOP	'	-487
Net cash provided by financing activities	24,463	3,170
Net decrease in cash and cash equivalents	-1,008	-7,403
Cash and cash equivalents at beginning of period	4,713	10,177
Cash and cash equivalents at end of period	3,705	2,774
Supplemental disclosures:	'	'
Interest paid	430	396
Income taxes received	'	($13)

BASIS_OF_PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	Jun. 30, 2014
BASIS OF PRESENTATION	'
BASIS OF PRESENTATION	'
	NOTE 1 - BASIS OF PRESENTATION
	The consolidated condensed interim financial statements include the accounts of Meetinghouse Bancorp, Inc. (the “Company”) and its wholly-owned subsidiary, Meetinghouse Bank (the “Bank”), and the Bank’s wholly-owned subsidiaries, Meetinghouse Securities Corporation and Richmond Realty Trust.  All significant intercompany accounts and transactions have been eliminated in the consolidation.
	On January 17, 2012, the Board of Directors of the Bank adopted a plan of conversion under which the Bank would convert from a Massachusetts-chartered mutual co-operative bank to a Massachusetts-chartered stock co-operative bank and become the wholly-owned subsidiary of a newly chartered stock holding company, Meetinghouse Bancorp, Inc. (“the Company”). The conversion was subject to approval by the Federal Reserve Board and the Massachusetts Division of Banks, non-objection by the Federal Deposit Insurance Corporation, and approval by the depositors of the Bank, and included the filing of a registration statement with the U.S. Securities and Exchange Commission (“SEC”). Such approvals and non-objections were obtained and, effective November 19, 2012, the Company completed its initial public offering in connection with the conversion transaction by selling a total of 661,250 shares of common stock at a purchase price of $10.00 per share in a subscription offering, of which 27,700 shares were purchased by the Company’s employee stock ownership plan (the “ESOP”).  An additional 18,587 shares were purchased by the ESOP in the open market subsequent to the initial public offering.
	The cost of conversion and issuing the capital stock has been deducted from the proceeds of the offering. The Company incurred $961,000 in conversion costs which were netted against the proceeds of the initial public offering.
	The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial statements and the instructions for Form 10-Q and Article 8 of SEC Regulation S-X.  Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements.  In the opinion of management, the information reflects all adjustments (consisting solely of normal recurring adjustments) that are necessary for a fair presentation.  The results shown for the interim period ended June 30, 2014 are not necessarily indicative of the results to be obtained for the full year.  These consolidated interim financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto for the year ended September 30, 2013 included in the Company’s Annual Report on Form 10-K filed by the Company with the SEC.
	In preparing the consolidated condensed interim financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosures of contingent assets and liabilities, as of the date of the statement of financial condition and reported amounts of revenues and expenses for the periods presented.  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 and deferred income taxes.

NATURE_OF_OPERATIONS

NATURE OF OPERATIONS	9 Months Ended
	Jun. 30, 2014
NATURE OF OPERATIONS	'
NATURE OF OPERATIONS	'
	NOTE 2 - NATURE OF OPERATIONS
	The Company is the registered bank holding company for the Bank.  The Bank, a Massachusetts co-operative bank, is headquartered in Dorchester, Massachusetts.  The Bank is engaged principally in the business of attracting deposits from the general public and investing those deposits in residential and commercial real estate loans, construction loans, and in consumer and small business loans.

RECENT_ACCOUNTING_PRONOUNCEMEN

RECENT ACCOUNTING PRONOUNCEMENTS	9 Months Ended
	Jun. 30, 2014
RECENT ACCOUNTING PRONOUNCEMENTS	'
RECENT ACCOUNTING PRONOUNCEMENTS	'
	NOTE 3 - RECENT ACCOUNTING PRONOUNCEMENTS
	In January 2014, the FASB issued ASU 2014-01,”Investments — Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Qualified Affordable Housing Projects.” The amendments in this ASU apply to all reporting entities that invest in qualified affordable housing projects through limited liability entities that are flow-through entities for tax purposes as follows:
		1	For reporting entities that meet the conditions for and that elect to use the proportional amortization method to account for investments in qualified affordable housing projects, all amendments in this ASU apply.
		2	For reporting entities that do not meet the conditions for or that do not elect the proportional amortization method, only the amendments in this ASU that are related to disclosures apply.
	The amendments in this ASU permit reporting entities to make an accounting policy election to account for their investments in qualified affordable housing projects using the proportional amortization method if certain conditions are met.  Under the proportional amortization method, an entity amortizes the initial cost of the investment in proportion to the tax credits and other tax benefits received and recognizes the net investment performance in the income statement as a component of income tax expense (benefit).  For those investments in qualified affordable housing projects not accounted for using the proportional amortization method, the investment should be accounted for as an equity method investment or a cost method investment in accordance with Subtopic 970-323.  The amendments in this ASU should be applied retrospectively to all periods presented.  A reporting entity that uses the effective yield method to account for its investments in qualified affordable housing projects before the date of adoption may continue to apply the effective yield method for those preexisting investments.  The amendments in this ASU are effective for public business entities for annual periods and interim reporting periods within those annual periods, beginning after December 15, 2014.  Early adoption is permitted.  The Company does not expect that the adoption of this ASU will have an impact on the Company’s consolidated 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 objective of the amendments in this ASU is to reduce diversity by clarifying when an in substance repossession or foreclosure occurs, that is, when a creditor should be considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan such that the loan receivable should be derecognized and the real estate property recognized.  The amendments in this ASU clarify that an in substance repossession or foreclosure occurs, and a creditor is considered to have received physical possession of residential real estate property collateralizing a consumer mortgage loan, upon either (1) the creditor obtaining legal title to the residential real estate property upon completion of a foreclosure or (2) the borrower conveying all interest in the residential real estate property to the creditor to satisfy that loan through completion of a deed in lieu of foreclosure or through a similar legal agreement.  Additionally, the amendments require interim and annual disclosure of both (1) the amount of foreclosed residential real estate property held by the creditor and (2) the recorded investment in consumer mortgage loans collateralized by residential real estate property that are in the process of foreclosure according to local requirements of the applicable jurisdiction.  The amendments in this ASU are effective for public business entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2014.  An entity can elect to adopt the amendments in this ASU using either a modified retrospective transition method or a prospective transition method.  The Company does not expect that the adoption of this ASU will have a material impact on the Company’s consolidated financial statements.
	In April 2014, the FASB issued ASU 2014-08, “Presentation of Financial Statements (Topic 205) and Property, Plant, and Equipment (Topic 360):  Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity.”  This ASU changes the criteria for reporting discontinued operations and modifies related disclosure requirements.  For public entities, the new guidance is effective in the first quarter of 2015 with calendar year ends.  For nonpublic entities, the new guidance is effective for annual financial statements with years that begin on or after December 15, 2014.  The adoption of this guidance is not expected to have a material impact on the Company’s consolidated financial statements.
	In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers (Topic 606).”  The objective of this ASU was to clarify principles for recognizing revenue and to develop a common revenue standard for GAAP and International Financial Reporting Standards.  The guidance in this ASU affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards.  The core principal of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services.   For public entities, the amendments in this update are effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period.  Early application is not permitted.  For nonpublic entities, the amendments in this update are effective for annual reporting periods beginning after December 15, 2017, and interim periods within annual periods beginning after December 15, 2018.  Early application is permitted, but no earlier than an annual reporting period beginning after December 15, 2016, including interim periods within that reporting period.  The Company is currently reviewing this ASU to determine if it will have an impact on its consolidated financial statements.
	In June 2014, the FASB issued ASU 2014-11, “Transfers and Servicing (Topic 860):  Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures.”  The amendments in this ASU require two accounting changes.  First, the amendments in this ASU change the accounting for repurchase-to-maturity transactions to secured borrowing accounting.  Second, for repurchase financing arrangements, the amendments require separate accounting for a transfer of a financial asset executed contemporaneously with a repurchase agreement with the same counterparty, which will result in secured borrowing accounting for the repurchase agreement.  This ASU also includes new disclosure requirements.  The accounting changes in this Update are effective for public business entities for the first interim or annual period beginning after December 15, 2014.  For all other entities, the accounting changes are effective for annual periods beginning after December 15, 2014, and interim periods beginning after December 15, 2015.  An entity is required to present changes in accounting for transactions outstanding on the effective date as a cumulative-effect adjustment to retained earnings as of the beginning of the period of adoption.  Earlier application for a public business entity is prohibited; however, all other entities may elect to apply the requirements for interim periods beginning after December 15, 2014.  The Company is currently reviewing this ASU to determine if it will have an impact on its consolidated financial statements.
	In June 2014, the FASB issued ASU No. 2014-12, “Compensation - Stock Compensation (Topic 718):  Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could be Achieved after the Requisite Service Period.”  The amendments in this ASU require that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition.  A reporting entity should apply existing guidance in Topic 718 as it relates to awards with performance conditions that affect vesting to account for such awards.  This ASU is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2015.  Earlier adoption is permitted.  ASU 2014-12 may be adopted either (a) prospectively to all awards granted or modified after the effective date or (b) retrospectively to all awards with performance targets that are outstanding as of the beginning of the earliest annual period presented in the financial statements, and to all new or modified awards thereafter.  If retrospective transition is adopted, the cumulative effect of applying this update as of the beginning of the earliest annual period presented in the financial statements should be recognized as an adjustment to the opening retained earnings balance at that date.  The Company is currently reviewing this ASU to determine if it will have an impact on its consolidated financial statements.

LOSS_PER_SHARE

LOSS PER SHARE	9 Months Ended
	Jun. 30, 2014
(LOSS) EARNINGS PER SHARE	'
LOSS PER SHARE	'
	NOTE 4 —LOSS PER SHARE
	Basic loss per share (“EPS”) excludes dilution and is calculated by dividing net loss applicable to common stock by the weighted-average number of shares of common stock outstanding during the period. Diluted EPS is computed in a manner similar to that of basic EPS except that the weighted-average number of common shares outstanding is increased to include the number of incremental common shares that would have been outstanding if all potentially dilutive common stock equivalents were issued during the period. Unallocated common shares held by the ESOP are shown as a reduction in stockholders’ equity and are included in the weighted-average number of common shares outstanding for both basic and diluted EPS calculations as they are committed to be released.
	EPS for the three and nine months ended June 30, 2014 and 2013 have been computed as follows (in thousands, except share data):
		Three months ended June 30,
		2014			2013
		(unaudited)
	Net loss applicable to common stock	$	(80	)	$	(72	)
	Average number of shares issued	661,250			661,250
	Less: average unallocated ESOP shares	36,234			45,795
	Average number of common shares outstanding used to calculate basic and diluted loss per share	625,016			615,455
	Basic loss per share	$	(0.13	)	$	(0.12	)
	Diluted loss per share	$	(0.13	)	$	(0.12	)
		Nine months ended June 30,
		2014			2013
		(unaudited)
	Net loss applicable to common stock	$	(153	)	$	(4	)
	Average number of shares issued	661,250			661,250
	Less: average unallocated ESOP shares	40,057			45,887
	Average number of common shares outstanding used to calculate basic and diluted loss per share	621,193			615,363
	Basic loss per share	$	(0.25	)	$	(0.01	)
	Diluted loss per share	$	(0.25	)	$	(0.01	)

INVESTMENTS_IN_AVAILABLEFORSAL

INVESTMENTS IN AVAILABLE-FOR-SALE SECURITIES	9 Months Ended
	Jun. 30, 2014
INVESTMENTS IN AVAILABLE-FOR-SALE SECURITIES	'
INVESTMENTS IN AVAILABLE-FOR-SALE SECURITIES	'
	NOTE 5 - INVESTMENTS IN AVAILABLE-FOR-SALE SECURITIES
	The amortized cost and estimated fair value of securities available-for-sale, with gross unrealized gains and losses, are as follows (in thousands):
		Amortized		Gross		Gross
		Cost		Unrealized		Unrealized		Fair
		Basis		Gains		Losses		Value
	June 30, 2014 (unaudited):
	U.S. Government and federal agency obligations	$	2,645	$	6	$	16	$	2,635
	Mortgage-backed securities	11,688		171		30		11,829
		$	14,333	$	177	$	46	$	14,464
	September 30, 2013:
	U.S. Government and federal agency obligations	$	800	$	—	$	10	$	790
	Mortgage-backed securities	4,445		101		27		4,519
		$	5,245	$	101	$	37	$	5,309
	The amortized cost and estimated fair value of available-for-sale securities, segregated by contractual maturity at June 30, 2014, are presented below (in thousands):
		Amortized		Fair
	(unaudited)	Cost Basis		Value
	Due after one year through five years	749		742
	Due after five years through ten years	1,896		1,893
	Mortgage-backed securities	11,688		11,829
		$	14,333	$	14,464
	There were no sales of available-for-sale securities for the nine months ended June 30, 2014 and 2013.
	Information pertaining to securities with gross unrealized losses aggregated by investment category and length of time that individual securities have been in a continuous loss position, are as follows (in thousands):
		Less than 12 Months				12 Months or Longer				Total
		Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
		Value		Losses		Value		Losses		Value		Losses
	June 30, 2014 (unaudited):
	U.S. Government and federal agency obligations	$	1,181	$	9	$	742	$	7	$	1,923	$	16
	Mortgage-backed securities	2,655		18		782		12		3,437		30
	Total temporarily impaired securities	$	3,836	$	27	$	1,524	$	19	$	5,360	$	46
	September 30, 2013:
	U.S. Government and federal agency obligations	$	739	$	10	$	—	$	—	$	739	$	10
	Mortgage-backed securities	2,050		27		—		—		2,050		27
	Total temporarily impaired securities	$	2,789	$	37	$	—	$	—	$	2,789	$	37
	Management conducts, at least on a quarterly basis, a review of the Company’s investment securities to determine if the value of any security has declined below amortized cost and whether such decline represents other-than-temporary impairment.  The investments in the Company’s investment portfolio that are temporarily impaired as of June 30, 2014 consist of four debt securities and ten mortgage-backed securities issued by U.S. Government federal agencies and government sponsored enterprises. The unrealized losses at June 30, 2014 are attributable to changes in market interest rates since the Company acquired the securities.  As management has the ability and the intent to hold debt securities until maturity, the declines are deemed to be not other-than-temporary.

LOANS

LOANS	9 Months Ended
	Jun. 30, 2014
LOANS	'
LOANS	'
	NOTE 6 - LOANS
	Loans consist of the following:
		June 30,					September 30,
		2014					2013
		(unaudited)
		(Dollars in thousands)
	Real estate loans:
	Residential	$	45,808		65.46	%	$	38,630		66.62	%
	Commercial	10,440			14.92		9,023			15.56
	Construction	1,030			1.47		824			1.42
	Multi-family	2,853			4.08		1,712			2.95
	Total real estate	60,131			85.93		50,189			86.55
	Commercial	2,562			3.66		1,862			3.21
	Consumer loans:
	Home equity	6,018			8.6		5,179			8.93
	Other	1,266			1.81		762			1.31
	Total consumer	7,284			10.41		5,941			10.24
					100	%				100	%
	Total loans	69,977					57,992
	Allowance for loan losses	(457		)			(435		)
	Deferred loan costs, net	507					382
	Net loans	$	70,027				$	57,939
	The following table sets forth information regarding the allowance for loan losses by portfolio segment as of and for the nine months ended June 30, 2014 (unaudited):
		Real Estate																	Consumer
		1-4 Family			1-4 Family
		Owner			Non-Owner
	(In thousands)	Occupied			Occupied			Multifamily			Commercial			Construction		Commercial			Home Equity			Other			Total
	Allowance for loan losses:
	Beginning balance	$	178		$	75		$	17		$	81		$	8	$	16		$	31		$	29		$	435
	Charge-offs	—			—			—			—			—		—			—			—			—
	Recoveries	—			—			—			—			—		—			—			3			3
	(Benefit) provision	(15		)	12			12			(10		)	2		6			4			8			19
	Ending balance	$	163		$	87		$	29		$	71		$	10	$	22		$	35		$	40		$	457
	Allowance for loan losses:
	Ending balance:
	Individually evaluated for impairment	$	—		$	—		$	—		$	—		$	—	$	—		$	—		$	—		$	—
	Ending balance:
	Collectively evaluated for impairment	163			87			29			71			10		22			35			40			457
	Total allowance for loan losses ending balance	$	163		$	87		$	29		$	71		$	10	$	22		$	35		$	40		$	457
	Loans:
	Ending balance:
	Individually evaluated for impairment	$	—		$	—		$	—		$	—		$	—	$	—		$	—		$	—		$	—
	Ending balance:
	Collectively evaluated for impairment	32,425			13,383			2,853			10,440			1,030		2,562			6,018			1,266			69,977
	Total loans ending balance	$	32,425		$	13,383		$	2,853		$	10,440		$	1,030	$	2,562		$	6,018		$	1,266		$	69,977
	The following table sets forth information regarding the allowance for loan losses by portfolio segment as of and for the nine months ended June 30, 2013 (unaudited):
		Real Estate																	Consumer
		1-4 Family			1-4 Family
		Owner			Non-Owner
	(In thousands)	Occupied			Occupied			Multifamily			Commercial			Construction		Commercial			Home Equity			Other			Total
	Allowance for loan losses:
	Beginning balance	$	135		$	55		$	12		$	67		$	3	$	14		$	33		$	15		$	334
	Charge-offs	—			—			—			—			—		—			—			(3		)	(3		)
	Recoveries	—			—			—			—			—		—			—			—			—
	Provision (benefit)	30			8			5			14			—		1			(2		)	16			72
	Ending balance	$	165		$	63		$	17		$	81		$	3	$	15		$	31		$	28		$	403
	Allowance for loan losses:
	Ending balance:
	Individually evaluated for impairment	$	—		$	—		$	—		$	—		$	—	$	—		$	—		$	—		$	—
	Ending balance:
	Collectively evaluated for impairment	165			63			17			81			3		15			31			28			403
	Total allowance for loan losses ending balance	$	165		$	63		$	17		$	81		$	3	$	15		$	31		$	28		$	403
	Loans:
Ending balance:
Individually evaluated for impairment	$	—		$	—		$	—		$	—		$	—	$	—		$	—		$	—		$	—
Ending balance:
Collectively evaluated for impairment	24,888			9,699			1,722			8,908			321		1,762			5,007			699			53,006
Total loans ending balance	$	24,888		$	9,699		$	1,722		$	8,908		$	321	$	1,762		$	5,007		$	699		$	53,006
The following table sets forth information regarding the allowance for loan losses by portfolio segment as of September 30, 2013:
	Real Estate																	Consumer
	1-4 Family			1-4 Family
	Owner			Non-Owner
(In thousands)	Occupied			Occupied			Multifamily			Commercial			Construction		Commercial			Home Equity			Other			Total
Allowance for loan losses:
Ending balance:
Individually evaluated for impairment	$	—		$	—		$	—		$	—		$	—	$	—		$	—		$	—		$	—
Ending balance:
Collectively evaluated for impairment	178			75			17			81			8		16			31			29			435
Total allowance for loan losses ending balance	$	178		$	75		$	17		$	81		$	8	$	16		$	31		$	29		$	435
Loans:
Ending balance:
Individually evaluated for impairment	$	—		$	—		$	—		$	—		$	—	$	—		$	—		$	—		$	—
Ending balance:
Collectively evaluated for impairment	27,155			11,475			1,712			9,023			824		1,862			5,179			762			57,992
Total loans ending balance	$	27,155		$	11,475		$	1,712		$	9,023		$	824	$	1,862		$	5,179		$	762		$	57,992
The following table sets forth information regarding nonaccrual loans and past-due loans as of June 30, 2014 (unaudited):
							90 Days											90 Days or
	30–59 Days			60–89 Days			or More			Total			Total		Total			More Past Due
(In thousands)	Past Due			Past Due			Past Due			Past Due			Current		Loans			and Accruing			Nonaccrual
June 30, 2014:
Real estate:
Residential	$	35		$	—		$	—		$	35		$	45,773	$	45,808		$	—		$	—
Commercial	—			—			—			—			10,440		10,440			—			—
Construction	—			—			—			—			1,030		1,030			—			—
Multi-family	—			—			—			—			2,853		2,853			—			—
Commercial	—			—			—			—			2,562		2,562			—			—
Home equity	92			14			21			127			5,891		6,018			—			21
Other consumer	—			—			—			—			1,266		1,266			—			—
Total	$	127		$	14		$	21		$	162		$	69,815	$	69,977		$	—		$	21
The following table sets forth information regarding nonaccrual loans and past-due loans as of September 30, 2013:
							90 Days											90 Days or
	30–59 Days			60–89 Days			or More			Total			Total		Total			More Past Due
(In thousands)	Past Due			Past Due			Past Due			Past Due			Current		Loans			and Accruing			Nonaccrual
September 30, 2013:
Real estate:
Residential	$	457		$	—		$	46		$	503		$	38,127	$	38,630		$	—		$	46
Commercial	243			—			—			243			8,780		9,023			—			—
Construction	—			—			—			—			824		824			—			—
Multi-family	—			—			—			—			1,712		1,712			—			—
Commercial	—			—			—			—			1,862		1,862			—			—
Home equity	39			—			—			39			5,140		5,179			—			—
Other consumer	—			—			—			—			762		762			—			—
Total	$	739		$	—		$	46		$	785		$	57,207	$	57,992		$	—		$	46
As of June 30, 2014 (unaudited) and September 30, 2013, and during the periods then ended, the Company had no loans that met the definition of an impaired loan in ASC 310-10-35, “Receivables-Overall-Subsequent Measurement.”
There were no loans modified during the nine months ended June 30, 2014 and 2013 that met the definition of a troubled debt restructured loan as described in ASC 310-40.
Credit Quality Information
The Company utilizes an eight grade internal loan rating system for commercial real estate, construction and commercial loans as follows:
Loans rated 1 - 4:  Loans in these categories are considered “pass” rated loans and conform in all respects to Company and regulatory requirements.  These are also loans for which no repayment risk has been identified.  Credit or collateral exceptions are minimal, are in the process of correction and do not represent significant risk.
Loans rated 5:  Loans in this category are considered “special mention” and are fundamentally sound, but exhibit potentially unwarranted credit risk or other unsatisfactory characteristics.  The likelihood of loss to the Company is remote.
Loans rated 6:  Loans in this category are considered “substandard” and are inadequately protected by current sound net worth, paying capacity of the obligor, or the value of pledged collateral. Loans in this category also include those loans with unsatisfactory characteristics indicating higher levels of risk.  The combination of one or more of these characteristics increases the possibility of loss to the Company.
Loans rated 7:  Loans in this category are considered “doubtful.”  Loans in this category exhibit weaknesses inherent in the substandard classification and, in addition, collection or liquidation in full is highly questionable.
Loans rated 8:  Loans in this category are considered uncollectible (“loss”) and of such little value that their continuance as an active asset is not warranted.
On an annual basis, or more often if needed, the Company formally reviews the ratings on all commercial real estate, construction and commercial loans.  For all residential real estate and consumer loans, the Company initially assesses credit quality based upon the borrower’s ability to service the debt and subsequently monitors these loans based upon the borrower’s payment activity.
The following table presents the Company’s loans by risk rating as of June 30, 2014 (unaudited):
	Real Estate														Consumer
(In thousands)	Residential			Multi Family			Commercial			Construction			Commercial		Home Equity			Other			Total
June 30, 2014:
Grade:
Pass	$	—		$	2,853		$	10,440		$	1,030		$	2,379	$	—		$	—		$	16,702
Special mention	668			—			—			—			183		30			—			881
Substandard	—			—			—			—			—		21			—			21
Not formally rated	45,140			—			—			—			—		5,967			1,266			52,373
Total	$	45,808		$	2,853		$	10,440		$	1,030		$	2,562	$	6,018		$	1,266		$	69,977
The following table presents the Company’s loans by risk rating as of September 30, 2013:
	Real Estate																				Consumer
(In thousands)	Residential			Multi Family			Commercial						Construction				Commercial				Home Equity					Other		Total
September 30, 2013:
Grade:
Pass	$	—		$	1,712		$	8,259					$	824			$	1,673			$		—			$	—	$	12,468
Special mention	244			—			511						—				189				35					—		979
Substandard	450			—			253						—				—				22					—		725
Not formally rated	37,936			—			—						—				—				5,122					762		43,820
Total	$	38,630		$	1,712		$	9,023					$	824			$	1,862			$		5,179			$	762	$	57,992

FAIR_VALUE_MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
	Jun. 30, 2014
FAIR VALUE MEASUREMENTS	'
FAIR VALUE MEASUREMENTS	'
	NOTE 7 - FAIR VALUE MEASUREMENTS
	ASC 820-10, “Fair Value Measurements and Disclosures,” provides a framework for measuring fair value under generally accepted accounting principles.  This guidance also allows an entity the irrevocable option to elect fair value for the initial and subsequent measurement for certain financial assets and liabilities on a contract-by-contract basis.
	In accordance with ASC 820-10, the Company groups its financial assets and financial liabilities measured at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value.
	Level 1 - Valuations for assets and liabilities traded in active exchange markets, such as the New York Stock Exchange.  Level 1 also includes U.S. Treasury, other U.S. Government and agency mortgage-backed securities that are traded by dealers or brokers in active markets.  Valuations are obtained from readily available pricing sources for market transactions involving identical assets or liabilities.
	Level 2 - Valuations for assets and liabilities traded in less active dealer or broker markets.  Valuations are obtained from third party pricing services for identical or comparable assets or liabilities.
	Level 3 - Valuations for assets and liabilities that are derived from other methodologies, including option pricing models, discounted cash flow models and similar techniques, are not based on market exchange, dealer, or broker traded transactions.  Level 3 valuations incorporate certain assumptions and projections in determining the fair value assigned to such assets and liabilities.
	A financial instrument’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement.
	A description of the valuation methodologies used for instruments measured at fair value, as well as the general classification of such instruments pursuant to the valuation hierarchy, is set forth below.  These valuation methodologies were applied to all of the Company’s financial assets and financial liabilities carried at fair value at June 30, 2014 (unaudited) and September 30, 2013.  The Company did not have any significant transfers of assets between Levels 1 and 2 of the fair value hierarchy during the nine months ended June 30, 2014 (unaudited) and the year ended September 30, 2013.
	Cash and cash equivalents - The carrying amounts reported in the balance sheet for cash and cash equivalents approximate those assets’ fair values.
	Interest-bearing time deposits in other banks — The fair value of interest-bearing time deposits in other banks is determined by discounting the cash flows associated with these instruments using current market rates for deposits with similar characteristics.
	Securities available-for-sale - The Company’s investment in mortgage-backed securities and other debt securities available-for-sale is generally classified within Level 2 of the fair value hierarchy.  For these securities, we obtain fair value measurements from independent pricing services.  The fair value measurements consider observable data that may include dealer quotes, market spreads, cash flows, the U.S. treasury yield curve, trading levels, market consensus prepayment speeds, credit information and the instrument’s terms and conditions.
	Federal Home Loan Bank stock — The carrying amount of Federal Home Loan Bank (“FHLB”) of Boston stock approximates fair value based upon the redemption provisions of the FHLB of Boston.
	Loans held-for-sale — Loans originated and held-for-sale are carried at the lower of aggregate cost or market value.  No fair value adjustments were recorded on loans held-for-sale during the nine months ended June 30, 2014 and 2013 (unaudited).
	Loans — Fair values for loans are estimated using discounted cash flow analyses, using market interest rates currently being offered for loans with similar terms to borrowers of similar credit quality.  Fair values for non-performing loans are estimated using discounted cash flow analyses or underlying collateral values, where applicable.
	Accrued interest receivable — Carrying value approximates fair value.
	Deposits — The fair values disclosed for demand deposits, regular savings, NOW accounts and money market accounts are equal to the amount payable on demand at the reporting date (i.e., their carrying amounts).  Fair values for certificates of deposit are estimated using a discounted cash flow calculation that applies interest rates currently being offered on certificates to a schedule of aggregated expected monthly maturities on time deposits.
	Federal Home Loan Bank advances — Fair values for Federal Home Loan Bank advances are estimated using a discounted cash flow technique that applies interest rates currently being offered on advances to a schedule of aggregated expected monthly maturities on Federal Home Loan Bank advances.
	Level 3 is for positions that are not traded in active markets or are subject to transfer restrictions, valuations are adjusted to reflect illiquidity and/or non-transferability, and such adjustments are generally based on available market evidence.  In the absence of such evidence, management’s best estimate is used.  Subsequent to inception, management only changes Level 3 inputs and assumptions when corroborated by evidence such as transactions in similar instruments, completed or pending third-party transactions in the underlying investment or comparable entities, subsequent rounds of financing, recapitalization and other transactions across the capital structure, offerings in the equity or debt markets, and changes in financial ratios or cash flows.
	The following summarizes assets measured at fair value on a recurring basis at June 30, 2014 (unaudited) and September 30, 2013:
	(In thousands)	Total		Quoted Prices in		Significant		Significant
				Active Markets for		Other Observable		Unobservable
				Identical Assets		Inputs		Inputs
				Level 1		Level 2		Level 3
	June 30, 2014:
	Securities available-for-sale:
	U.S. Government and federal agency obligations	$	2,635	$	—	$	2,635	$	—
	Mortgage-backed securities	11,829		—		11,829		—
		$	14,464	$	—	$	14,464	$	—
	September 30, 2013:
	U.S. Government and federal agency obligations	$	790	$	—	$	790	$	—
	Mortgage-backed securities	4,519		—		4,519		—
		$	5,309	$	—	$	5,309	$	—
	The estimated fair values of the Company’s financial instruments, all of which are held or issued for purposes other than trading, are as follows:
		June 30, 2014 (unaudited)
		Carrying		Fair Value
		Amount		Level 1		Level 2		Level 3		Total
		(In Thousands)
	Financial assets:
	Cash and cash equivalents	$	3,705	$	3,705	$	—	$	—	$	3,705
	Interest-bearing time deposits in other banks	2,984		—		2,987		—		2,987
	Available-for-sale securities	14,464		—		14,464		—		14,464
	Federal Home Loan Bank stock	561		561		—		—		561
	Loans held-for-sale	5,537		5,622		—		—		5,622
	Loans, net	70,027		—		—		70,390		70,390
	Accrued interest receivable	231		231		—		—		231
	Financial liabilities:
	Deposits	81,895		—		82,163		—		82,163
	Federal Home Loan Bank advances	8,760		—		8,760		—		8,760
		September 30, 2013
		Carrying		Fair Value
		Amount		Level 1		Level 2		Level 3		Total
		(In Thousands)
	Financial assets:
	Cash and cash equivalents	$	4,713	$	4,713	$	—	$	—	$	4,713
	Interest-bearing time deposits in other banks	4,147		—		4,152		—		4,152
	Available-for-sale securities	5,309		—		5,309		—		5,309
	Federal Home Loan Bank stock	282		282		—		—		282
	Loans held-for-sale	749		768		—		—		768
	Loans, net	57,939		—		—		57,640		57,640
	Accrued interest receivable	197		197		—		—		197
	Financial liabilities:
	Deposits	66,192		—		66,429		—		66,429
	The Company may be required, from time to time, to measure certain other assets at fair value on a non-recurring basis in accordance with GAAP.  There were no Level 1, Level 2 or Level 3 nonrecurring fair value measurements at June 30, 2014 (unaudited) and September 30, 2013.

REGULATORY_CAPITAL

REGULATORY CAPITAL	9 Months Ended
	Jun. 30, 2014
REGULATORY CAPITAL	'
REGULATORY CAPITAL	'
	NOTE 8 - REGULATORY CAPITAL
	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 Company’s consolidated 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.
	Quantitative measures established by regulation to ensure capital adequacy require the Bank to maintain minimum amounts and ratios (set forth in the table below) of total and Tier 1 capital (as defined in the regulations) to risk-weighted assets (as defined), and of Tier 1 capital (as defined) to average assets (as defined).  As of June 30, 2014 (unaudited) and September 30, 2013, the Bank met all capital adequacy requirements to which it was subject.
	As of June 30, 2014 (unaudited), the most recent notification from the Federal Deposit Insurance Corporation categorized the Bank as well capitalized under the regulatory framework for prompt corrective action.  To be categorized as well capitalized, the Bank must maintain minimum total risk-based, Tier 1 risk-based and Tier 1 leverage ratios as set forth in the following table.  There are no known conditions or events since that notification that management believes have changed the institution’s category.
	The Bank’s actual capital amounts and ratios are also presented in the table below.
											To Be Well
						Minimum					Capitalized Under
						For Capital					Prompt Corrective
		Actual				Adequacy Purposes					Action Provisions
	(Dollars in thousands)	Amount		Ratio		Amount		Ratio			Amount		Ratio
	As of June 30, 2014 (unaudited):
	Total Capital (to Risk Weighted Assets)	$	8,062	14.0	%	$	4,622	>	8.0	%	$	5,778	>	10.0	%
	Tier 1 Capital (to Risk Weighted Assets)	7,606		13.2		2,311		>	4.0		3,467		>	6.0
	Tier 1 Capital (to Average Assets)	7,606		8.6		3,537		>	4.0		4,421		>	5.0
	As of September 30, 2013:
	Total Capital (to Risk Weighted Assets)	$	8,014	17.9	%	$	3,576	>	8.0	%	$	4,469	>	10.0	%
	Tier 1 Capital (to Risk Weighted Assets)	7,579		17.0		1,788		>	4.0		2,682		>	6.0
	Tier 1 Capital (to Average Assets)	7,579		10.0		3,040		>	4.0		3,800		>	5.0

OTHER_COMPREHENSIVE_INCOME_LOS

OTHER COMPREHENSIVE INCOME (LOSS)	9 Months Ended
	Jun. 30, 2014
OTHER COMPREHENSIVE INCOME (LOSS)	'
OTHER COMPREHENSIVE INCOME (LOSS)	'
	NOTE 9 — OTHER COMPREHENSIVE INCOME (LOSS)
	GAAP generally requires that recognized revenue, expenses, gains and losses be included in net income.  Although certain changes in assets and liabilities are reported as a separate component of the stockholders’ equity section of the consolidated balance sheets, such items, along with net income, are components of comprehensive income (loss).
	The components of other comprehensive income (loss), included in stockholders’ equity, are as follows during the three and nine months ended June 30, 2014 and 2013 (unaudited):
		Three months ended June 30,
		2014			2013
		(In Thousands)
	Unrealized gains (losses) on securities:
	Net change in unrealized holding gain on available-for-sale securities	$	110		$	(89	)
	Reclassification adjustment for realized (gains) losses in net income	—			—
		110			(89		)
	Income tax (expense) benefit	(41		)	34
	Other comprehensive income (loss), net of tax	$	69		$	(55	)
		Nine months ended June 30,
		2014			2013
		(In Thousands)
	Unrealized gains (losses) on securities:
	Net change in unrealized holding gain on available-for-sale securities	$	67		$	(184	)
	Reclassification adjustment for realized (gains) losses in net income	—			—
		67			(184		)
	Income tax (expense) benefit	(25		)	71
	Other comprehensive income (loss), net of tax	$	42		$	(113	)
	At June 30, 2014 (unaudited) and September 2013, the components of accumulated other comprehensive income, included in stockholders’ equity, are as follows:
		June 30,			September 30,
		2014			2013
		(In Thousands)
	Net unrealized gain on securities available-for-sale	$	80		$	38
	Total accumulated other comprehensive income	$	80		$	38

EMPLOYEE_STOCK_OWNERSHIP_PLAN

EMPLOYEE STOCK OWNERSHIP PLAN	9 Months Ended
	Jun. 30, 2014
EMPLOYEE STOCK OWNERSHIP PLAN	'
EMPLOYEE STOCK OWNERSHIP PLAN	'
	NOTE 10 — EMPLOYEE STOCK OWNERSHIP PLAN
	The Bank has adopted a tax-qualified employee stock ownership plan (“ESOP) for the benefit of eligible employees.  Effective November 19, 2012, the Bank converted from a Massachusetts-chartered mutual co-operative bank to a Massachusetts-chartered stock co-operative bank and bacame the wholly-owned subsidiary of the Company.  The Company completed its initial public offering in connection with the conversion transaction by selling a total of 661,250 shares of common stock at a purchase price of $10.00 per share in a subscription offering, of which 27,700 shares were purchased by the Bank’s ESOP.  The ESOP acquired an additional 18,587 shares in the open market subsequent to the conversion.
	The ESOP funded its stock purchase through a loan from the Company equal to 100% of the aggregate purchase price of the common stock. The ESOP trustee will repay the loan principally through the Bank’s contributions to the ESOP and, possibly, dividends paid on common stock held by the plan over a 6-year loan term.
	The trustee holds the shares purchased in a loan suspense account and will release the shares from the suspense account on a pro rata basis as it repays the loan. The trustee will allocate the shares released among active participants on the basis of each active participant’s proportional share of compensation for the plan year. Generally, participants will receive distributions from the ESOP upon separation from service. The trustee will reallocate any unvested shares of common stock forfeited by participants upon their separation from service among the remaining participants in the plan.
	Under applicable accounting requirements, the Company will record a compensation expense for the ESOP at the fair market value of the shares when they are committed to be released from the suspense account to participants’ accounts under the plan.
	At June 30, 2014 (unaudited), the remaining principal balance on the ESOP debt is $409,000 and the number of shares held by the ESOP is 46,287.
	Total compensation expense recognized in connection with the ESOP was $23,000 and $19,000 for the three months ended June 30, 2014 and 2013, respectively (unaudited), and $69,000 and $43,000 for the nine months ended June 30, 2014 and 2013, respectively (unaudited).

EQUITY_INCENTIVE_PLAN

EQUITY INCENTIVE PLAN	9 Months Ended
	Jun. 30, 2014
EQUITY INCENTIVE PLAN	'
EQUITY INCENTIVE PLAN	'
	NOTE 11 — EQUITY INCENTIVE PLAN
	Shareholders of Meetinghouse Bancorp, Inc. approved the 2014 Equity Incentive Plan on February 19, 2014, and the Board of Directors ratified the vote on April 15, 2014.  The total number of shares that can be awarded in the plan is 92,575.  The number of shares that can be granted is 26,450 and the number of options that can be granted is 66,125.  As of June 30, 2014, no awards or options have been granted.

LOSS_PER_SHARE_Tables

LOSS PER SHARE (Tables)	9 Months Ended
	Jun. 30, 2014
(LOSS) EARNINGS PER SHARE	'
Schedule of calculation of EPS	'
	EPS for the three and nine months ended June 30, 2014 and 2013 have been computed as follows (in thousands, except share data):
		Three months ended June 30,
		2014			2013
		(unaudited)
	Net loss applicable to common stock	$	(80	)	$	(72	)
	Average number of shares issued	661,250			661,250
	Less: average unallocated ESOP shares	36,234			45,795
	Average number of common shares outstanding used to calculate basic and diluted loss per share	625,016			615,455
	Basic loss per share	$	(0.13	)	$	(0.12	)
	Diluted loss per share	$	(0.13	)	$	(0.12	)
		Nine months ended June 30,
		2014			2013
		(unaudited)
	Net loss applicable to common stock	$	(153	)	$	(4	)
	Average number of shares issued	661,250			661,250
	Less: average unallocated ESOP shares	40,057			45,887
	Average number of common shares outstanding used to calculate basic and diluted loss per share	621,193			615,363
	Basic loss per share	$	(0.25	)	$	(0.01	)
	Diluted loss per share	$	(0.25	)	$	(0.01	)

INVESTMENTS_IN_AVAILABLEFORSAL1

INVESTMENTS IN AVAILABLE-FOR-SALE SECURITIES (Tables)	9 Months Ended
	Jun. 30, 2014
INVESTMENTS IN AVAILABLE-FOR-SALE SECURITIES	'
Schedule of amortized cost and estimated fair value of securities available-for-sale, with gross unrealized gains and losses	'
	The amortized cost and estimated fair value of securities available-for-sale, with gross unrealized gains and losses, are as follows (in thousands):
		Amortized		Gross		Gross
		Cost		Unrealized		Unrealized		Fair
		Basis		Gains		Losses		Value
	June 30, 2014 (unaudited):
	U.S. Government and federal agency obligations	$	2,645	$	6	$	16	$	2,635
	Mortgage-backed securities	11,688		171		30		11,829
		$	14,333	$	177	$	46	$	14,464
	September 30, 2013:
	U.S. Government and federal agency obligations	$	800	$	—	$	10	$	790
	Mortgage-backed securities	4,445		101		27		4,519
		$	5,245	$	101	$	37	$	5,309
Schedule of amortized cost and estimated fair value of available-for-sale securities, segregated by contractual maturity	'
	The amortized cost and estimated fair value of available-for-sale securities, segregated by contractual maturity at June 30, 2014, are presented below (in thousands):
		Amortized		Fair
	(unaudited)	Cost Basis		Value
	Due after one year through five years	749		742
	Due after five years through ten years	1,896		1,893
	Mortgage-backed securities	11,688		11,829
		$	14,333	$	14,464
Schedule of information pertaining to securities with gross unrealized losses, aggregated by investment category and length of time that individual securities have been in a continuous loss position	'
	Information pertaining to securities with gross unrealized losses aggregated by investment category and length of time that individual securities have been in a continuous loss position, are as follows (in thousands):
		Less than 12 Months				12 Months or Longer				Total
		Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
		Value		Losses		Value		Losses		Value		Losses
	June 30, 2014 (unaudited):
	U.S. Government and federal agency obligations	$	1,181	$	9	$	742	$	7	$	1,923	$	16
	Mortgage-backed securities	2,655		18		782		12		3,437		30
	Total temporarily impaired securities	$	3,836	$	27	$	1,524	$	19	$	5,360	$	46
	September 30, 2013:
	U.S. Government and federal agency obligations	$	739	$	10	$	—	$	—	$	739	$	10
	Mortgage-backed securities	2,050		27		—		—		2,050		27
	Total temporarily impaired securities	$	2,789	$	37	$	—	$	—	$	2,789	$	37

LOANS_Tables

LOANS (Tables)	9 Months Ended
	Jun. 30, 2014
LOANS	'
Schedule of loans	'
		June 30,					September 30,
		2014					2013
		(unaudited)
		(Dollars in thousands)
	Real estate loans:
	Residential	$	45,808		65.46	%	$	38,630		66.62	%
	Commercial	10,440			14.92		9,023			15.56
	Construction	1,030			1.47		824			1.42
	Multi-family	2,853			4.08		1,712			2.95
	Total real estate	60,131			85.93		50,189			86.55
	Commercial	2,562			3.66		1,862			3.21
	Consumer loans:
	Home equity	6,018			8.6		5,179			8.93
	Other	1,266			1.81		762			1.31
	Total consumer	7,284			10.41		5,941			10.24
					100	%				100	%
	Total loans	69,977					57,992
	Allowance for loan losses	(457		)			(435		)
	Deferred loan costs, net	507					382
	Net loans	$	70,027				$	57,939
Schedule of allowance for loan losses by portfolio segment	'
	The following table sets forth information regarding the allowance for loan losses by portfolio segment as of and for the nine months ended June 30, 2014 (unaudited):
		Real Estate																Consumer
		1-4 Family			1-4 Family
		Owner			Non-Owner
	(In thousands)	Occupied			Occupied			Multifamily			Commercial			Construction		Commercial		Home Equity			Other			Total
	Allowance for loan losses:
	Beginning balance	$	178		$	75		$	17		$	81		$	8	$	16	$	31		$	29		$	435
	Charge-offs	—			—			—			—			—		—		—			—			—
	Recoveries	—			—			—			—			—		—		—			3			3
	(Benefit) provision	(15		)	12			12			(10		)	2		6		4			8			19
	Ending balance	$	163		$	87		$	29		$	71		$	10	$	22	$	35		$	40		$	457
	Allowance for loan losses:
	Ending balance:
	Individually evaluated for impairment	$	—		$	—		$	—		$	—		$	—	$	—	$	—		$	—		$	—
	Ending balance:
	Collectively evaluated for impairment	163			87			29			71			10		22		35			40			457
	Total allowance for loan losses ending balance	$	163		$	87		$	29		$	71		$	10	$	22	$	35		$	40		$	457
	Loans:
	Ending balance:
	Individually evaluated for impairment	$	—		$	—		$	—		$	—		$	—	$	—	$	—		$	—		$	—
	Ending balance:
	Collectively evaluated for impairment	32,425			13,383			2,853			10,440			1,030		2,562		6,018			1,266			69,977
	Total loans ending balance	$	32,425		$	13,383		$	2,853		$	10,440		$	1,030	$	2,562	$	6,018		$	1,266		$	69,977
	The following table sets forth information regarding the allowance for loan losses by portfolio segment as of and for the nine months ended June 30, 2013 (unaudited):
		Real Estate																Consumer
		1-4 Family			1-4 Family
		Owner			Non-Owner
	(In thousands)	Occupied			Occupied			Multifamily			Commercial			Construction		Commercial		Home Equity			Other			Total
	Allowance for loan losses:
	Beginning balance	$	135		$	55		$	12		$	67		$	3	$	14	$	33		$	15		$	334
	Charge-offs	—			—			—			—			—		—		—			(3		)	(3		)
	Recoveries	—			—			—			—			—		—		—			—			—
	Provision (benefit)	30			8			5			14			—		1		(2		)	16			72
	Ending balance	$	165		$	63		$	17		$	81		$	3	$	15	$	31		$	28		$	403
	Allowance for loan losses:
	Ending balance:
	Individually evaluated for impairment	$	—		$	—		$	—		$	—		$	—	$	—	$	—		$	—		$	—
	Ending balance:
	Collectively evaluated for impairment	165			63			17			81			3		15		31			28			403
	Total allowance for loan losses ending balance	$	165		$	63		$	17		$	81		$	3	$	15	$	31		$	28		$	403
	Loans:
	Ending balance:
	Individually evaluated for impairment	$	—		$	—		$	—		$	—		$	—	$	—	$	—		$	—		$	—
	Ending balance:
	Collectively evaluated for impairment	24,888			9,699			1,722			8,908			321		1,762		5,007			699			53,006
	Total loans ending balance	$	24,888		$	9,699		$	1,722		$	8,908		$	321	$	1,762	$	5,007		$	699		$	53,006
	The following table sets forth information regarding the allowance for loan losses by portfolio segment as of September 30, 2013:
		Real Estate																Consumer
		1-4 Family			1-4 Family
		Owner			Non-Owner
	(In thousands)	Occupied			Occupied			Multifamily			Commercial			Construction		Commercial		Home Equity			Other			Total
	Allowance for loan losses:
	Ending balance:
	Individually evaluated for impairment	$	—		$	—		$	—		$	—		$	—	$	—	$	—		$	—		$	—
	Ending balance:
	Collectively evaluated for impairment	178			75			17			81			8		16		31			29			435
	Total allowance for loan losses ending balance	$	178		$	75		$	17		$	81		$	8	$	16	$	31		$	29		$	435
	Loans:
	Ending balance:
	Individually evaluated for impairment	$	—		$	—		$	—		$	—		$	—	$	—	$	—		$	—		$	—
	Ending balance:
	Collectively evaluated for impairment	27,155			11,475			1,712			9,023			824		1,862		5,179			762			57,992
	Total loans ending balance	$	27,155		$	11,475		$	1,712		$	9,023		$	824	$	1,862	$	5,179		$	762		$	57,992
Schedule of information regarding nonaccrual loans and past-due loans	'
								90 Days										90 Days or
		30–59 Days			60–89 Days			or More			Total			Total		Total		More Past Due
	(In thousands)	Past Due			Past Due			Past Due			Past Due			Current		Loans		and Accruing			Nonaccrual
	June 30, 2014:
	Real estate:
	Residential	$	35		$	—		$	—		$	35		$	45,773	$	45,808	$	—		$	—
	Commercial	—			—			—			—			10,440		10,440		—			—
	Construction	—			—			—			—			1,030		1,030		—			—
	Multi-family	—			—			—			—			2,853		2,853		—			—
	Commercial	—			—			—			—			2,562		2,562		—			—
	Home equity	92			14			21			127			5,891		6,018		—			21
	Other consumer	—			—			—			—			1,266		1,266		—			—
	Total	$	127		$	14		$	21		$	162		$	69,815	$	69,977	$	—		$	21
								90 Days										90 Days or
		30–59 Days			60–89 Days			or More			Total			Total		Total		More Past Due
	(In thousands)	Past Due			Past Due			Past Due			Past Due			Current		Loans		and Accruing			Nonaccrual
	September 30, 2013:
	Real estate:
	Residential	$	457		$	—		$	46		$	503		$	38,127	$	38,630	$	—		$	46
	Commercial	243			—			—			243			8,780		9,023		—			—
	Construction	—			—			—			—			824		824		—			—
	Multi-family	—			—			—			—			1,712		1,712		—			—
	Commercial	—			—			—			—			1,862		1,862		—			—
	Home equity	39			—			—			39			5,140		5,179		—			—
	Other consumer	—			—			—			—			762		762		—			—
	Total	$	739		$	—		$	46		$	785		$	57,207	$	57,992	$	—		$	46
Schedule of loans by risk rating	'
		Real Estate														Consumer
	(In thousands)	Residential			Multi Family			Commercial			Construction			Commercial		Home Equity		Other			Total
	June 30, 2014:
	Grade:
	Pass	$	—		$	2,853		$	10,440		$	1,030		$	2,379	$	—	$	—		$	16,702
	Special mention	668			—			—			—			183		30		—			881
	Substandard	—			—			—			—			—		21		—			21
	Not formally rated	45,140			—			—			—			—		5,967		1,266			52,373
	Total	$	45,808		$	2,853		$	10,440		$	1,030		$	2,562	$	6,018	$	1,266		$	69,977
		Real Estate														Consumer
	(In thousands)	Residential			Multi Family			Commercial			Construction			Commercial		Home Equity		Other			Total
	September 30, 2013:
	Grade:
	Pass	$	—		$	1,712		$	8,259		$	824		$	1,673	$	—	$	—		$	12,468
	Special mention	244			—			511			—			189		35		—			979
	Substandard	450			—			253			—			—		22		—			725
	Not formally rated	37,936			—			—			—			—		5,122		762			43,820
	Total	$	38,630		$	1,712		$	9,023		$	824		$	1,862	$	5,179	$	762		$	57,992

FAIR_VALUE_MEASUREMENTS_Tables

FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
	Jun. 30, 2014
FAIR VALUE MEASUREMENTS	'
Summary of assets measured at fair value on a recurring basis	'
	(In thousands)	Total		Quoted Prices in		Significant		Significant
				Active Markets for		Other Observable		Unobservable
				Identical Assets		Inputs		Inputs
				Level 1		Level 2		Level 3
	June 30, 2014:
	Securities available-for-sale:
	U.S. Government and federal agency obligations	$	2,635	$	—	$	2,635	$	—
	Mortgage-backed securities	11,829		—		11,829		—
		$	14,464	$	—	$	14,464	$	—
	September 30, 2013:
	U.S. Government and federal agency obligations	$	790	$	—	$	790	$	—
	Mortgage-backed securities	4,519		—		4,519		—
		$	5,309	$	—	$	5,309	$	—
Schedule of estimated fair values of financial instruments	'
		June 30, 2014 (unaudited)
		Carrying		Fair Value
		Amount		Level 1		Level 2		Level 3		Total
		(In Thousands)
	Financial assets:
	Cash and cash equivalents	$	3,705	$	3,705	$	—	$	—	$	3,705
	Interest-bearing time deposits in other banks	2,984		—		2,987		—		2,987
	Available-for-sale securities	14,464		—		14,464		—		14,464
	Federal Home Loan Bank stock	561		561		—		—		561
	Loans held-for-sale	5,537		5,622		—		—		5,622
	Loans, net	70,027		—		—		70,390		70,390
	Accrued interest receivable	231		231		—		—		231
	Financial liabilities:
	Deposits	81,895		—		82,163		—		82,163
	Federal Home Loan Bank advances	8,760		—		8,760		—		8,760
		September 30, 2013
		Carrying		Fair Value
		Amount		Level 1		Level 2		Level 3		Total
		(In Thousands)
	Financial assets:
	Cash and cash equivalents	$	4,713	$	4,713	$	—	$	—	$	4,713
	Interest-bearing time deposits in other banks	4,147		—		4,152		—		4,152
	Available-for-sale securities	5,309		—		5,309		—		5,309
	Federal Home Loan Bank stock	282		282		—		—		282
	Loans held-for-sale	749		768		—		—		768
	Loans, net	57,939		—		—		57,640		57,640
	Accrued interest receivable	197		197		—		—		197
	Financial liabilities:
	Deposits	66,192		—		66,429		—		66,429

REGULATORY_CAPITAL_Tables

REGULATORY CAPITAL (Tables)	9 Months Ended
	Jun. 30, 2014
REGULATORY CAPITAL	'
Schedule of actual capital amounts and ratios	'
											To Be Well
						Minimum					Capitalized Under
						For Capital					Prompt Corrective
		Actual				Adequacy Purposes					Action Provisions
	(Dollars in thousands)	Amount		Ratio		Amount		Ratio			Amount		Ratio
	As of June 30, 2014 (unaudited):
	Total Capital (to Risk Weighted Assets)	$	8,062	14.0	%	$	4,622	>	8.0	%	$	5,778	>	10.0	%
	Tier 1 Capital (to Risk Weighted Assets)	7,606		13.2		2,311		>	4.0		3,467		>	6.0
	Tier 1 Capital (to Average Assets)	7,606		8.6		3,537		>	4.0		4,421		>	5.0
	As of September 30, 2013:
	Total Capital (to Risk Weighted Assets)	$	8,014	17.9	%	$	3,576	>	8.0	%	$	4,469	>	10.0	%
	Tier 1 Capital (to Risk Weighted Assets)	7,579		17.0		1,788		>	4.0		2,682		>	6.0
	Tier 1 Capital (to Average Assets)	7,579		10.0		3,040		>	4.0		3,800		>	5.0

OTHER_COMPREHENSIVE_INCOME_LOS1

OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	9 Months Ended
	Jun. 30, 2014
OTHER COMPREHENSIVE INCOME (LOSS)	'
Schedule of the components of other comprehensive income (loss), included in stockholders' equity	'
		Three months ended June 30,
		2014			2013
		(In Thousands)
	Unrealized gains (losses) on securities:
	Net change in unrealized holding gain on available-for-sale securities	$	110		$	(89	)
	Reclassification adjustment for realized (gains) losses in net income	—			—
		110			(89		)
	Income tax (expense) benefit	(41		)	34
	Other comprehensive income (loss), net of tax	$	69		$	(55	)
		Nine months ended June 30,
		2014			2013
		(In Thousands)
	Unrealized gains (losses) on securities:
	Net change in unrealized holding gain on available-for-sale securities	$	67		$	(184	)
	Reclassification adjustment for realized (gains) losses in net income	—			—
		67			(184		)
	Income tax (expense) benefit	(25		)	71
	Other comprehensive income (loss), net of tax	$	42		$	(113	)
Schedule of the components of accumulated other comprehensive income, included in stockholders' equity	'
		June 30,			September 30,
		2014			2013
		(In Thousands)
	Net unrealized gain on securities available-for-sale	$	80		$	38
	Total accumulated other comprehensive income	$	80		$	38

BASIS_OF_PRESENTATION_Details

BASIS OF PRESENTATION (Details) (USD $)	0 Months Ended				0 Months Ended	1 Months Ended
	Nov. 19, 2012	Jun. 30, 2014	Sep. 30, 2013	Nov. 19, 2012	Nov. 19, 2012	Dec. 31, 2012
					Employee Stock Ownership Plan [Member]	Employee Stock Ownership Plan [Member]
BASIS OF PRESENTATION	'	'	'	'	'	'
Number of common stock sold (in shares)	'	661,250	661,250	661,250	'	'
Issue price of common stock (in dollars per share)	$10	'	'	'	'	'
Employee stock ownership plan	'	'	'	'	'	'
Number of common stock purchased by employee stock purchase plan (in shares)	'	'	'	'	27,700	'
Share purchased subsequent to initial public offering	'	'	'	'	'	18,587
Conversion cost	'	$961,000	'	'	'	'

LOSS_PER_SHARE_Details

LOSS PER SHARE (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
(LOSS) EARNINGS PER SHARE	'	'	'	'
Net loss	($80)	($72)	($153)	($4)
Average number of shares issued	661,250	661,250	661,250	661,250
Less: average unallocated ESOP shares	36,234	45,795	40,057	45,887
Average number of common shares outstanding used to calculate basic and diluted loss per share	625,016	615,455	621,193	615,363
Basic loss per share (in dollars per share)	($0.13)	($0.12)	($0.25)	($0.01)
Diluted loss per share (in dollars per share)	($0.13)	($0.12)	($0.25)	($0.01)

INVESTMENTS_IN_AVAILABLEFORSAL2

INVESTMENTS IN AVAILABLE-FOR-SALE SECURITIES (Details) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Sep. 30, 2013
Amortized cost and fair values of securities	'	'	'
Amortized Cost Basis	$14,333	'	$5,245
Gross Unrealized Gains	177	'	101
Gross Unrealized Losses	46	'	37
Fair Value	14,464	'	5,309
Amortized Cost Basis	'	'	'
Due after one year through five years	749	'	'
Due after five years through ten years	1,896	'	'
Mortgage-backed securities	11,688	'	'
Total	14,333	'	'
Fair Value	'	'	'
Due after one year through five years	742	'	'
Due after five years through ten years	1,893	'	'
Mortgage-backed securities	11,829	'	'
Total	14,464	'	5,309
Available-for-sale securities sold	0	0	'
US Treasury and Government [Member]	'	'	'
Amortized cost and fair values of securities	'	'	'
Amortized Cost Basis	2,645	'	800
Gross Unrealized Gains	6	'	'
Gross Unrealized Losses	16	'	10
Fair Value	2,635	'	790
Collateralized Mortgage Backed Securities [Member]	'	'	'
Amortized cost and fair values of securities	'	'	'
Amortized Cost Basis	11,688	'	4,445
Gross Unrealized Gains	171	'	101
Gross Unrealized Losses	30	'	27
Fair Value	$11,829	'	$4,519

INVESTMENTS_IN_AVAILABLEFORSAL3

INVESTMENTS IN AVAILABLE-FOR-SALE SECURITIES (Details 2) (USD $)	Jun. 30, 2014	Sep. 30, 2013
In Thousands, unless otherwise specified
Fair Value	'	'
Less than 12 Months	$3,836	$2,789
12 Months or Longer	1,524	'
Total	5,360	2,789
Unrealized Losses	'	'
Less than 12 Months	27	37
12 Months or Longer	19	'
Total	46	37
US Treasury and Government [Member]	'	'
Fair Value	'	'
Less than 12 Months	1,181	739
12 Months or Longer	742	'
Total	1,923	739
Unrealized Losses	'	'
Less than 12 Months	9	10
12 Months or Longer	7	'
Total	16	10
Number of investments temporarily impaired	4	'
Collateralized Mortgage Backed Securities [Member]	'	'
Fair Value	'	'
Less than 12 Months	2,655	2,050
12 Months or Longer	782	'
Total	3,437	2,050
Unrealized Losses	'	'
Less than 12 Months	18	27
12 Months or Longer	12	'
Total	$30	$27
Number of investments temporarily impaired	10	'

LOANS_Details

LOANS (Details) (USD $)	Jun. 30, 2014	Sep. 30, 2013	Jun. 30, 2013	Sep. 30, 2012
In Thousands, unless otherwise specified
Loans	'	'	'	'
Total loans	$69,977	$57,992	$53,006	'
Loans, gross (as a percent)	100.00%	100.00%	'	'
Allowance for loan losses	-457	-435	-403	-334
Deferred loan costs, net	507	382	'	'
Net loans	70,027	57,939	'	'
Mortgage Loans on Real Estate [Member]	'	'	'	'
Loans	'	'	'	'
Total loans	60,131	50,189	'	'
Loans, gross (as a percent)	85.93%	86.55%	'	'
Real Estate One to Four Family [Member]	'	'	'	'
Loans	'	'	'	'
Total loans	45,808	38,630	'	'
Loans, gross (as a percent)	65.46%	66.62%	'	'
Commercial Real Estate Portfolio Segment [Member]	'	'	'	'
Loans	'	'	'	'
Total loans	10,440	9,023	'	'
Loans, gross (as a percent)	14.92%	15.56%	'	'
Construction Real Estate [Member]	'	'	'	'
Loans	'	'	'	'
Total loans	1,030	824	'	'
Loans, gross (as a percent)	1.47%	1.42%	'	'
Multi Family [Member]	'	'	'	'
Loans	'	'	'	'
Total loans	2,853	1,712	'	'
Loans, gross (as a percent)	4.08%	2.95%	'	'
Commercial Portfolio Segment [Member]	'	'	'	'
Loans	'	'	'	'
Total loans	2,562	1,862	'	'
Loans, gross (as a percent)	3.66%	3.21%	'	'
Consumer Portfolio Segment [Member]	'	'	'	'
Loans	'	'	'	'
Total loans	7,284	5,941	'	'
Loans, gross (as a percent)	10.41%	10.24%	'	'
Home Equity Line of Credit [Member]	'	'	'	'
Loans	'	'	'	'
Total loans	6,018	5,179	'	'
Loans, gross (as a percent)	8.60%	8.93%	'	'
Consumer Other Financing Receivable [Member]	'	'	'	'
Loans	'	'	'	'
Total loans	$1,266	$762	'	'
Loans, gross (as a percent)	1.81%	1.31%	'	'

LOANS_Details_2

LOANS (Details 2) (USD $)

3 Months Ended

9 Months Ended

9 Months Ended

9 Months Ended

9 Months Ended

9 Months Ended

9 Months Ended

9 Months Ended

9 Months Ended

9 Months Ended

In Thousands, unless otherwise specified

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Sep. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Sep. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Sep. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Sep. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Sep. 30, 2013

Jun. 30, 2014

Sep. 30, 2013

Jun. 30, 2013

Sep. 30, 2012

Jun. 30, 2014

Jun. 30, 2013

Sep. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Sep. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Sep. 30, 2013

One to Four Family Owner Occupied Real Estate Portfolio Segment [Member]

One to Four Family Owner Occupied Real Estate Portfolio Segment [Member]

One to Four Family Owner Occupied Real Estate Portfolio Segment [Member]

One to Four Family, Non Owner Occupied Real Estate Portfolio Segment [Member]

One to Four Family, Non Owner Occupied Real Estate Portfolio Segment [Member]

One to Four Family, Non Owner Occupied Real Estate Portfolio Segment [Member]

Multi Family [Member]

Multi Family [Member]

Multi Family [Member]

Commercial Real Estate Portfolio Segment [Member]

Commercial Real Estate Portfolio Segment [Member]

Commercial Real Estate Portfolio Segment [Member]

Construction Real Estate [Member]

Construction Real Estate [Member]

Construction Real Estate [Member]

Construction Real Estate [Member]

Commercial Portfolio Segment [Member]

Commercial Portfolio Segment [Member]

Commercial Portfolio Segment [Member]

Home Equity Line of Credit [Member]

Home Equity Line of Credit [Member]

Home Equity Line of Credit [Member]

Consumer Other Financing Receivable [Member]

Consumer Other Financing Receivable [Member]

Consumer Other Financing Receivable [Member]

Allowance for loan losses:

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Beginning balance

'

'

$435

$334

'

$178

$135

'

$75

$55

'

$17

$12

'

$81

$67

'

$8

'

$3

$3

$16

$14

'

$31

$33

'

$29

$15

'

Charge-offs

'

'

'

-3

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-3

'

Recoveries

'

'

3

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3

'

'

(Benefit) provision

40

27

19

72

'

-15

30

'

12

8

'

12

5

'

-10

14

'

2

'

'

'

6

1

'

4

-2

'

8

16

'

Ending Balance

457

403

457

403

'

163

165

'

87

63

'

29

17

'

71

81

'

10

'

3

3

22

15

'

35

31

'

40

28

'

Allowance for loan losses:

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Ending balance: Collectively evaluated for impairment

457

403

457

403

435

163

165

178

87

63

75

29

17

17

71

81

81

10

8

3

'

22

15

16

35

31

31

40

28

29

Total allowance for loan losses ending balance

457

403

457

403

'

163

165

'

87

63

'

29

17

'

71

81

'

10

'

3

3

22

15

'

35

31

'

40

28

'

Loans:

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Ending balance: Collectively evaluated for impairment

69,977

53,006

69,977

53,006

57,992

32,425

24,888

27,155

13,383

9,699

11,475

2,853

1,722

1,712

10,440

8,908

9,023

1,030

824

321

'

2,562

1,762

1,862

6,018

5,007

5,179

1,266

699

762

Total loans ending balance

$69,977

$53,006

$69,977

$53,006

$57,992

$32,425

$24,888

$27,155

$13,383

$9,699

$11,475

$2,853

$1,722

$1,712

$10,440

$8,908

$9,023

$1,030

$824

$321

'

$2,562

$1,762

$1,862

$6,018

$5,007

$5,179

$1,266

$699

$762

LOANS_Details_3

LOANS (Details 3) (USD $)	9 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Sep. 30, 2013	Jun. 30, 2013
	item	item
Nonaccrual loans and past due loans	'	'	'
30 - 59 Days	$127	$739	'
60 - 89 Days	14	'	'
90 Days or More Past Due	21	46	'
Total Past Due	162	785	'
Total Current	69,815	57,207	'
Total loans ending balance	69,977	57,992	53,006
Total Non Accrual	21	46	'
Number of loans categorized as impaired	0	0	'
Number of loans modified	0	0	'
Real Estate One to Four Family [Member]	'	'	'
Nonaccrual loans and past due loans	'	'	'
30 - 59 Days	35	457	'
90 Days or More Past Due	'	46	'
Total Past Due	35	503	'
Total Current	45,773	38,127	'
Total loans ending balance	45,808	38,630	'
Total Non Accrual	'	46	'
Commercial Real Estate Portfolio Segment [Member]	'	'	'
Nonaccrual loans and past due loans	'	'	'
30 - 59 Days	'	243	'
Total Past Due	'	243	'
Total Current	10,440	8,780	'
Total loans ending balance	10,440	9,023	'
Construction Real Estate [Member]	'	'	'
Nonaccrual loans and past due loans	'	'	'
Total Current	1,030	824	'
Total loans ending balance	1,030	824	'
Multi Family [Member]	'	'	'
Nonaccrual loans and past due loans	'	'	'
Total Current	2,853	1,712	'
Total loans ending balance	2,853	1,712	'
Commercial Portfolio Segment [Member]	'	'	'
Nonaccrual loans and past due loans	'	'	'
Total Current	2,562	1,862	'
Total loans ending balance	2,562	1,862	'
Home Equity Line of Credit [Member]	'	'	'
Nonaccrual loans and past due loans	'	'	'
30 - 59 Days	92	39	'
60 - 89 Days	14	'	'
90 Days or More Past Due	21	'	'
Total Past Due	127	39	'
Total Current	5,891	5,140	'
Total loans ending balance	6,018	5,179	'
Total Non Accrual	21	'	'
Consumer Other Financing Receivable [Member]	'	'	'
Nonaccrual loans and past due loans	'	'	'
Total Current	1,266	762	'
Total loans ending balance	$1,266	$762	'

LOANS_Details_4

LOANS (Details 4) (USD $)	Jun. 30, 2014	Sep. 30, 2013	Jun. 30, 2013
In Thousands, unless otherwise specified	item
Internal Loan Rating System	'	'	'
Grade assigned in internal loan rating system	8	'	'
Loans by risk rating	'	'	'
Loans	$69,977	$57,992	$53,006
Pass [Member]	'	'	'
Loans by risk rating	'	'	'
Loans	16,702	12,468	'
Special Mention [Member]	'	'	'
Loans by risk rating	'	'	'
Loans	881	979	'
Substandard [Member]	'	'	'
Loans by risk rating	'	'	'
Loans	21	725	'
Not Formally Rated [Member]	'	'	'
Loans by risk rating	'	'	'
Loans	52,373	43,820	'
Real Estate One to Four Family [Member]	'	'	'
Loans by risk rating	'	'	'
Loans	45,808	38,630	'
Real Estate One to Four Family [Member] | Special Mention [Member]	'	'	'
Loans by risk rating	'	'	'
Loans	668	244	'
Real Estate One to Four Family [Member] | Substandard [Member]	'	'	'
Loans by risk rating	'	'	'
Loans	'	450	'
Real Estate One to Four Family [Member] | Not Formally Rated [Member]	'	'	'
Loans by risk rating	'	'	'
Loans	45,140	37,936	'
Multi Family [Member]	'	'	'
Loans by risk rating	'	'	'
Loans	2,853	1,712	'
Multi Family [Member] | Pass [Member]	'	'	'
Loans by risk rating	'	'	'
Loans	2,853	1,712	'
Commercial Real Estate Portfolio Segment [Member]	'	'	'
Loans by risk rating	'	'	'
Loans	10,440	9,023	'
Commercial Real Estate Portfolio Segment [Member] | Pass [Member]	'	'	'
Loans by risk rating	'	'	'
Loans	10,440	8,259	'
Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member]	'	'	'
Loans by risk rating	'	'	'
Loans	'	511	'
Commercial Real Estate Portfolio Segment [Member] | Substandard [Member]	'	'	'
Loans by risk rating	'	'	'
Loans	'	253	'
Construction Real Estate [Member]	'	'	'
Loans by risk rating	'	'	'
Loans	1,030	824	'
Construction Real Estate [Member] | Pass [Member]	'	'	'
Loans by risk rating	'	'	'
Loans	1,030	824	'
Commercial Portfolio Segment [Member]	'	'	'
Loans by risk rating	'	'	'
Loans	2,562	1,862	'
Commercial Portfolio Segment [Member] | Pass [Member]	'	'	'
Loans by risk rating	'	'	'
Loans	2,379	1,673	'
Commercial Portfolio Segment [Member] | Special Mention [Member]	'	'	'
Loans by risk rating	'	'	'
Loans	183	189	'
Home Equity Line of Credit [Member]	'	'	'
Loans by risk rating	'	'	'
Loans	6,018	5,179	'
Home Equity Line of Credit [Member] | Special Mention [Member]	'	'	'
Loans by risk rating	'	'	'
Loans	30	35	'
Home Equity Line of Credit [Member] | Substandard [Member]	'	'	'
Loans by risk rating	'	'	'
Loans	21	22	'
Home Equity Line of Credit [Member] | Not Formally Rated [Member]	'	'	'
Loans by risk rating	'	'	'
Loans	5,967	5,122	'
Consumer Other Financing Receivable [Member]	'	'	'
Loans by risk rating	'	'	'
Loans	1,266	762	'
Consumer Other Financing Receivable [Member] | Not Formally Rated [Member]	'	'	'
Loans by risk rating	'	'	'
Loans	$1,266	$762	'

FAIR_VALUE_MEASUREMENTS_Detail

FAIR VALUE MEASUREMENTS (Details) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Sep. 30, 2013
FAIR VALUE MEASUREMENTS	'	'	'
Fair value adjustments on loans held-for-sale	$0	$0	'
Fair value measurements	'	'	'
Securities available-for-sale	14,464	'	5,309
US Treasury and Government [Member]	'	'	'
Fair value measurements	'	'	'
Securities available-for-sale	2,635	'	790
Collateralized Mortgage Backed Securities [Member]	'	'	'
Fair value measurements	'	'	'
Securities available-for-sale	11,829	'	4,519
Fair Value, Inputs, Level 2 [Member]	'	'	'
Fair value measurements	'	'	'
Securities available-for-sale	14,464	'	5,309
Fair Value, Measurements, Recurring [Member] | Estimate of Fair Value Measurement [Member]	'	'	'
Fair value measurements	'	'	'
Securities available-for-sale	14,464	'	5,309
Fair Value, Measurements, Recurring [Member] | Estimate of Fair Value Measurement [Member] | US Treasury and Government [Member]	'	'	'
Fair value measurements	'	'	'
Securities available-for-sale	2,635	'	790
Fair Value, Measurements, Recurring [Member] | Estimate of Fair Value Measurement [Member] | Collateralized Mortgage Backed Securities [Member]	'	'	'
Fair value measurements	'	'	'
Securities available-for-sale	11,829	'	4,519
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]	'	'	'
Fair value measurements	'	'	'
Securities available-for-sale	14,464	'	5,309
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | US Treasury and Government [Member]	'	'	'
Fair value measurements	'	'	'
Securities available-for-sale	2,635	'	790
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Collateralized Mortgage Backed Securities [Member]	'	'	'
Fair value measurements	'	'	'
Securities available-for-sale	$11,829	'	$4,519

FAIR_VALUE_MEASUREMENTS_Detail1

FAIR VALUE MEASUREMENTS (Details 2) (USD $)	Jun. 30, 2014	Sep. 30, 2013	Jun. 30, 2013	Sep. 30, 2012
In Thousands, unless otherwise specified
Financial assets:	'	'	'	'
Cash and cash equivalents	$3,705	$4,713	$2,774	$10,177
Interest-bearing time deposits with other banks	2,984	4,147	'	'
Available-for-sale securities	14,464	5,309	'	'
Federal Home Loan Bank stock	561	282	'	'
Accrued interest receivable	231	197	'	'
Fair Value, Inputs, Level 1 [Member]	'	'	'	'
Financial assets:	'	'	'	'
Cash and cash equivalents	3,705	4,713	'	'
Federal Home Loan Bank stock	561	282	'	'
Loans held-for-sale	5,622	768	'	'
Accrued interest receivable	231	197	'	'
Fair Value, Inputs, Level 2 [Member]	'	'	'	'
Financial assets:	'	'	'	'
Interest-bearing time deposits with other banks	2,987	4,152	'	'
Available-for-sale securities	14,464	5,309	'	'
Financial liabilities:	'	'	'	'
Deposits	82,163	66,429	'	'
Federal Home Loan Bank advances	8,760	'	'	'
Fair Value, Inputs, Level 3 [Member]	'	'	'	'
Financial assets:	'	'	'	'
Loans, net	70,390	57,640	'	'
Reported Value Measurement [Member]	'	'	'	'
Financial assets:	'	'	'	'
Cash and cash equivalents	3,705	4,713	'	'
Interest-bearing time deposits with other banks	2,984	4,147	'	'
Available-for-sale securities	14,464	5,309	'	'
Federal Home Loan Bank stock	561	282	'	'
Loans held-for-sale	5,537	749	'	'
Loans, net	70,027	57,939	'	'
Accrued interest receivable	231	197	'	'
Financial liabilities:	'	'	'	'
Deposits	81,895	66,192	'	'
Federal Home Loan Bank advances	8,760	'	'	'
Estimate of Fair Value Measurement [Member]	'	'	'	'
Financial assets:	'	'	'	'
Cash and cash equivalents	3,705	4,713	'	'
Interest-bearing time deposits with other banks	2,987	4,152	'	'
Available-for-sale securities	14,464	5,309	'	'
Federal Home Loan Bank stock	561	282	'	'
Loans held-for-sale	5,622	768	'	'
Loans, net	70,390	57,640	'	'
Accrued interest receivable	231	197	'	'
Financial liabilities:	'	'	'	'
Deposits	82,136	66,429	'	'
Federal Home Loan Bank advances	$8,760	'	'	'

REGULATORY_CAPITAL_Details

REGULATORY CAPITAL (Details) (USD $)	Jun. 30, 2014	Sep. 30, 2013
In Thousands, unless otherwise specified
Total Capital (to Risk Weighted Assets)	'	'
Actual Amount	$8,062	$8,014
Actual Ratio (as a percent)	14.00%	17.90%
Minimum For Capital Adequacy Purposes Amount	4,622	3,576
To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	5,778	4,469
Tier 1 Capital (to Risk Weighted Assets)	'	'
Actual Amount	7,606	7,579
Actual Ratio (as a percent)	13.20%	17.00%
Minimum For Capital Adequacy Purposes Amount	2,311	1,788
To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	3,467	2,682
Tier 1 Capital (to Average Assets)	'	'
Actual Amount	7,606	7,579
Actual Ratio (as a percent)	8.60%	10.00%
Minimum For Capital Adequacy Purposes Amount	3,537	3,040
To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$4,421	$3,800
Minimum [Member]	'	'
Total Capital (to Risk Weighted Assets)	'	'
Minimum For Capital Adequacy Purposes Ratio (as a percent)	8.00%	8.00%
To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio (as a percent)	10.00%	10.00%
Tier 1 Capital (to Risk Weighted Assets)	'	'
Minimum For Capital Adequacy Purposes Ratio (as a percent)	4.00%	4.00%
To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio (as a percent)	6.00%	6.00%
Tier 1 Capital (to Average Assets)	'	'
Minimum For Capital Adequacy Purposes Ratio (as a percent)	4.00%	4.00%
To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio (as a percent)	5.00%	5.00%

OTHER_COMPREHENSIVE_INCOME_LOS2

OTHER COMPREHENSIVE INCOME (LOSS) (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Sep. 30, 2013
Unrealized gains (losses) on securities:	'	'	'	'	'
Net change in unrealized holding gain on available-for-sale securities	$110	($89)	$67	($184)	'
Other comprehensive income (loss), net of tax	110	-89	67	-184	'
Income tax (expense) benefit	-41	34	-25	71	'
Other comprehensive income (loss), net of tax	69	-55	42	-113	'
Components of accumulated other comprehensive income, included in stockholders' equity	'	'	'	'	'
Net unrealized gain on securities available-for-sale	80	'	80	'	38
Total accumulated other comprehensive income	$80	'	$80	'	$38

EMPLOYEE_STOCK_OWNERSHIP_PLAN_

EMPLOYEE STOCK OWNERSHIP PLAN (Details) (USD $)	0 Months Ended				0 Months Ended	1 Months Ended	3 Months Ended		9 Months Ended
	Nov. 19, 2012	Jun. 30, 2014	Sep. 30, 2013	Nov. 19, 2012	Nov. 19, 2012	Dec. 31, 2012	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
					Employee Stock Ownership Plan [Member]	Employee Stock Ownership Plan [Member]	Employee Stock Ownership Plan [Member]	Employee Stock Ownership Plan [Member]	Employee Stock Ownership Plan [Member]	Employee Stock Ownership Plan [Member]
Employee stock ownership plan	'	'	'	'	'	'	'	'	'	'
Number of shares of common stock sold	'	661,250	661,250	661,250	'	'	'	'	'	'
Issue price of common stock (in dollars per share)	$10	'	'	'	'	'	'	'	'	'
Number of common stock purchased by employee stock purchase plan (in shares)	'	'	'	'	27,700	'	'	'	'	'
Share purchased subsequent to initial public offering	'	'	'	'	'	18,587	'	'	'	'
Loan for stock purchase as a percentage of aggregate purchase price of common stock	'	'	'	'	100.00%	'	'	'	'	'
Term of ESOP loan	'	'	'	'	'6 years	'	'	'	'	'
Remaining principal balance	'	'	'	'	'	'	$409,000	'	$409,000	'
Shares held by the ESOP	'	'	'	'	'	'	46,287	'	46,287	'
Total compensation expense	'	'	'	'	'	'	$23,000	$19,000	$69,000	$43,000

EQUITY_INCENTIVE_PLAN1

EQUITY INCENTIVE PLAN (Equity Incentive Plan 2014 [Member])	0 Months Ended	3 Months Ended
	Apr. 15, 2014	Jun. 30, 2014	Apr. 15, 2014
Equity Incentive Plan 2014 [Member]	'	'	'
EQUITY INCENTIVE PLAN	'	'	'
Total number of shares that can be awarded	'	'	92,575
Number of shares that can be granted	'	'	26,450
Number of options that can be granted	66,125	0	'