Meetinghouse Bancorp (MTGB) Inactive 10-K29 Dec 142014 FY Annual reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
Document and Entity Information (USD $)	Sep. 30, 2014	Dec. 23, 2014
Document and Entity Information
Entity Registrant Name	Meetinghouse Bancorp, Inc.
Entity Central Index Key	1543367
Document Type	10-K
Document Period End Date	30-Sep-14
Amendment Flag	FALSE
Current Fiscal Year End Date	-21
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float		$0
Entity Common Stock, Shares Outstanding		661,250
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	FY

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
ASSETS
Cash and due from banks	$4,943	$3,182
Federal funds sold	942	1,485
Interest-bearing demand deposits with other banks	53	46
Cash and cash equivalents	5,938	4,713
Interest-bearing time deposits in other banks	1,985	4,147
Investments in available-for-sale securities (at fair value)	16,638	5,309
Federal Home Loan Bank stock, at cost	754	282
Loans held-for-sale	2,727	749
Loans, net of allowance for loan losses of $506 as of September 30, 2014 and $435 as of September 30, 2013	77,015	57,939
Premises and equipment	1,772	1,865
Investment in real estate	1,090	952
Cooperative Central Bank deposit	427	427
Accrued interest receivable	273	197
Other assets	544	481
Total assets	109,163	77,061
Deposits:
Noninterest-bearing	14,355	11,015
Interest-bearing	73,128	55,177
Total deposits	87,483	66,192
Federal Home Loan Bank advances	10,953
Deferred income tax liability, net	58	107
Other liabilities	219	375
Total liabilities	98,713	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 September 30, 2014 and September 30, 2013	7	7
Additional paid-in capital	5,903	5,645
Retained earnings	5,035	5,179
Unearned compensation - ESOP (38,163 and 45,795 shares unallocated as of September 30, 2014 and September 30, 2013, repectively)	-341	-482
Unearned compensation - restricted stock awards	-221
Accumulated other comprehensive income	67	38
Total stockholders' equity	10,450	10,387
Total liabilities and stockholders' equity	$109,163	$77,061

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Sep. 30, 2014	Sep. 30, 2013
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
CONSOLIDATED BALANCE SHEETS
Loans, allowance for loan losses	$506	$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)	679,769	661,250
Common stock, shares outstanding (in shares)	679,769	661,250
Unearned Compensation - ESOP, shares unallocated	38,163	45,795

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Interest and dividend income:
Interest and fees on loans	$2,962	$2,441
Interest and dividends on securities	292	142
Other interest	28	44
Total interest and dividend income	3,282	2,627
Interest expense:
Interest on deposits	583	527
Interest on Federal Home Loan Bank advances	34
Total interest expense	617	527
Net interest and dividend income	2,665	2,100
Provision for loan losses	69	104
Net interest and dividend income after provision (benefit) for loan losses	2,596	1,996
Noninterest income:
Gain on secondary market activities	551	1,077
Customer service fees	295	310
Other income	50	46
Total noninterest income	896	1,433
Noninterest expense:
Salaries and employee benefits	1,976	1,942
Occupancy and equipment expense	477	375
Professional fees	420	416
Data processing	294	261
Deposit insurance expense	63	64
Advertising	100	85
Supplies	46	57
Insurance expense	47	41
Other expense	276	304
Total noninterest expense	3,699	3,545
(Loss) income before income tax (benefit) expense	-207	-116
Income tax (benefit) expense	-63	-39
Net (loss) income	($144)	($77)
Loss per share:
Basic (in dollars per share)	($0.23)
Diluted (in dollars per share)	($0.23)
Weighted average shares outstanding
Basic (in shares)	621,184
Diluted (in shares)	621,184

CONSOLIDATED_STATEMENTS_OF_COM

CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
Net (loss) income	($144)	($77)
Other comprehensive income (loss), net of tax:
Net change in unrealized holding gain on available-for-sale securities	29	-124
Other comprehensive income (loss), net of tax	29	-124
Comprehensive (loss) income	($115)	($201)

CONSOLIDATED_STATEMENTS_OF_CHA

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (USD $)	Common Stock	Additional paid-in capital	Retained Earnings	Unearned compensation - ESOP	Unearned compensation - Restricted Stock Awards	Accumulated Other Comprehensive Income	Total
In Thousands, except Share data, unless otherwise specified	Common Stock	Additional paid-in capital	Retained Earnings	Unearned compensation - ESOP	Unearned compensation - Restricted Stock Awards	Accumulated Other Comprehensive Income	Total
Balance at Sep. 30, 2012			$5,256			$162	$5,418
Increase (Decrease) in Stockholders' Equity
Net (loss) income			-77				-77
Other comprehensive loss, net of tax						-124	-124
Proceeds from issuance of common stock for initial public offering, net of offering costs of $961	7	5,645					5,652
Proceeds from issuance of common stock for initial public offering, net of offering costs of $961 (in shares)	661,250
Common stock acquired by ESOP (46,287 shares)				-487			-487
Common stock released by ESOP (492 shares)				5			5
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) income			-144				-144
Other comprehensive loss, net of tax						29	29
Issuance of restricted stock		234			-234
Issuance of restricted stock (in shares)	18,519
Restricted Stock or Unit Expense							13
Compensation expense restricted stock awards					13		13
Common stock acquired by ESOP (46,287 shares)							95
Common stock released by ESOP (492 shares)		15		80			70
Common stock committed to be released by ESOP (3,816 shares)		9		61
Balance at Sep. 30, 2014	$7	$5,903	$5,035	($341)	($221)	$67	$10,450
Balance (in shares) at Sep. 30, 2014	679,769

CONSOLIDATED_STATEMENTS_OF_CHA1

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) (USD $)	12 Months Ended
	Sep. 30, 2014	Sep. 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)	7,632	46,287
Common stock released by ESOP (in shares)	5,724	492

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Cash flows from operating activities:
Net (loss) income	($144)	($77)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Amortization of securities, net	29	45
Provision for loan losses	69	104
Change in deferred loan costs, net	-171	-238
Loans originated for sale	-44,943	-86,523
Proceeds from sale of loans	43,516	93,645
Gain on loans sold	-551	-1,077
Depreciation and amortization	162	137
Compensation expense - restricted stock awards	13
ESOP expense	93	5
Increase in accrued interest receivable	-76	-24
Decrease (increase) in other assets	-63	464
Deferred tax benefit	-66	-13
(Decrease) increase in accrued expenses and other liabilities	-84	203
Net cash (used in) provided by operating activities	-2,216	6,651
Cash flows from investing activities:
Purchases of interest-bearing time deposits in other banks	-1,738	-1,993
Proceeds from maturities of interest-bearing time deposits in other banks	3,900	1,797
Purchases of available-for-sale securities	-12,755	-2,549
Proceeds from maturities of available-for-sale securities	1,443	2,438
Loan originations and principal collections, net	-18,976	-14,437
Recoveries of loans previously charged off	2
(Purchase) redemption of Federal Home Loan Bank stock, net	-472	119
Capital expenditures	-207	-550
Net cash used in investing activities	-28,803	-15,175
Cash flows from financing activities:
Net increase (decrease) in demand deposits, NOW and savings accounts	7,222	-1,490
Net increase (decrease) in time deposits	14,069	-615
Proceeds from Federal Home Loan Bank long-term advance	5,000
Net change in Federal Home Loan Bank short-term advances	6,000
Repayments of long-term advances from Federal Home Loan Bank	-47
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	32,244	3,060
Net increase (decrease) in cash and cash equivalents	1,225	-5,464
Cash and cash equivalents at beginning of year	4,713	10,177
Cash and cash equivalents at end of year	5,938	4,713
Supplemental disclosures:
Interest paid	609	527
Income taxes paid (received)	$2	($22)

NATURE_OF_OPERATIONS

NATURE OF OPERATIONS	12 Months Ended
NATURE OF OPERATIONS	Sep. 30, 2014
NATURE OF OPERATIONS
NATURE OF OPERATIONS	NOTE 1 - NATURE OF OPERATIONS

	The consolidated 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 Street 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.

	In preparing the consolidated 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.

ACCOUNTING_POLICIES

ACCOUNTING POLICIES	12 Months Ended
	Sep. 30, 2014
ACCOUNTING POLICIES
ACCOUNTING POLICIES	NOTE 2 - ACCOUNTING POLICIES

	The accounting and reporting policies of the Company and its subsidiary conform to accounting principles generally accepted in the United States of America and predominant practices within the banking industry. The consolidated financial statements are prepared using the accrual basis of accounting. The significant accounting policies are summarized below to assist the reader in better understanding the consolidated financial statements and other data contained herein.

	USE OF ESTIMATES:

	The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

	BASIS OF PRESENTATION:

	The accompanying consolidated financial statements include the accounts of Meetinghouse Bancorp, Inc. and its wholly-owned subsidiary, Meetinghouse Bank, and the Bank’s wholly-owned subsidiaries, Meetinghouse Securities Corporation, which was established solely for the purpose of acquiring and holding investments permissible for banks to hold under Massachusetts law; and Richmond Street Realty Trust, which was formed to manage the Bank’s investment in real estate. All significant intercompany accounts and transactions have been eliminated in the consolidation.

	CASH AND CASH EQUIVALENTS:

	For purposes of reporting cash flows, cash and cash equivalents include cash on hand, cash items, due from banks, federal funds sold and interest-bearing demand deposits with other banks.

	SECURITIES:

	Investments in debt securities are adjusted for amortization of premiums and accretion of discounts computed utilizing the interest method. Gains or losses on sales of investment securities are computed on a specific identification basis.

	The Company classifies debt and equity securities into one of three categories: held-to-maturity, available-for-sale, or trading. These security classifications may be modified after acquisition only under certain specified conditions. In general, securities may be classified as held-to-maturity only if the Company has the positive intent and ability to hold them to maturity. Trading securities are defined as those bought and held principally for the purpose of selling them in the near term. All other securities must be classified as available-for-sale.

		·		Held-to-maturity securities are measured at amortized cost in the consolidated balance sheets. Unrealized holding gains and losses are not included in earnings or in a separate component of stockholders’ equity; they are merely disclosed in the notes to the consolidated financial statements.

		·		Available-for-sale securities are carried at fair value on the consolidated balance sheets. Unrealized holding gains and losses are not included in earnings, but are reported as a net amount (less expected tax) in a separate component of stockholders’ equity until realized.

		·		Trading securities are carried at fair value on the consolidated balance sheets. Unrealized holding gains and losses for trading securities are included in earnings.

	For any debt security with a fair value less than its amortized cost basis, the Company will determine whether it has the intent to sell the debt security or whether it is more likely than not it will be required to sell the debt security before the recovery of its amortized cost basis. If either condition is met, the Company will recognize a full impairment charge to earnings. For all other debt securities that are considered other-than-temporarily impaired and do not meet either condition, the credit loss portion of impairment will be recognized in earnings as realized losses. The other-than-temporary impairment related to all other factors will be recorded in other comprehensive income.

	Declines in marketable equity securities below their cost that are deemed other than temporary are reflected in earnings as realized losses.

	As a member of the Federal Home Loan Bank of Boston (FHLB), the Company is required to invest in $100 par value stock of the FHLB. The FHLB capital structure mandates that members must own stock as determined by their Total Stock Investment Requirement which is the sum of a member’s Membership Stock Investment Requirement and Activity-Based Stock Investment Requirement. The Membership Stock Investment Requirement is calculated as 0.35% of a member’s Stock Investment Base, subject to a minimum investment of $10,000 and a maximum investment of $25,000,000. The Stock Investment Base is an amount calculated based on certain assets held by a member that are reflected on call reports submitted to applicable regulatory authorities. The Activity-Based Stock Investment Requirement is calculated as 3.0% for overnight advances, 4.0% for FHLB advances with original terms to maturity of two days to three months and 4.5% for other advances plus a percentage of advance commitments, 0.5% of standby letters of credit issued by the FHLB and 4.5% of the value of intermediated derivative contracts. Management evaluates the Company’s investment in FHLB stock for other-than-temporary impairment at least on a quarterly basis and more frequently when economic or market conditions warrant such evaluation. Based on its most recent analysis of the FHLB as of September 30, 2014, management deems its investment in FHLB stock to be not other-than-temporarily impaired.

	LOANS HELD-FOR-SALE:

	Loans held-for-sale are carried at the lower of cost or estimated market value in the aggregate. Net unrealized losses are recognized through a valuation allowance by charges to income.

	LOANS:

	Loans receivable that management has the intent and ability to hold until maturity or payoff are reported at their outstanding principal balances adjusted for amounts due to borrowers on unadvanced loans, any charge-offs, the allowance for loan losses and any deferred fees or costs on originated loans, or unamortized premiums or discounts on purchased loans.

	Interest on loans is recognized on a simple interest basis.

	Loan origination and commitment fees and certain direct origination costs are deferred, and the net amount amortized as an adjustment of the related loan’s yield. The Company is amortizing these amounts over the contractual lives of the related loans.

	Residential real estate loans are generally placed on nonaccrual when reaching 90 days past due or in process of foreclosure. All closed-end consumer loans 90 days or more past due and any equity line in the process of foreclosure are placed on nonaccrual status. Secured consumer loans are written down to realizable value and unsecured consumer loans are charged off upon reaching 120 or 180 days past due depending on the type of loan. Commercial real estate loans and commercial business loans and leases which are 90 days or more past due are placed on nonaccrual status, unless secured by sufficient cash or other assets immediately convertible to cash. When a loan has been placed on nonaccrual status, previously accrued and uncollected interest is reversed against interest on loans. A loan can be returned to accrual status when collectability of principal is reasonably assured and the loan has performed for a period of time, generally six months.

	Cash receipts of interest income on impaired loans are credited to principal to the extent necessary to eliminate doubt as to the collectability of the net carrying amount of the loan. Some or all of the cash receipts of interest income on impaired loans is recognized as interest income if the remaining net carrying amount of the loan is deemed to be fully collectible. When recognition of interest income on an impaired loan on a cash basis is appropriate, the amount of income that is recognized is limited to that which would have been accrued on the net carrying amount of the loan at the contractual interest rate. Any cash interest payments received in excess of the limit and not applied to reduce the net carrying amount of the loan are recorded as recoveries of charge-offs until the charge-offs are fully recovered.

	ALLOWANCE FOR LOAN LOSSES:

	The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to earnings. Loan losses are charged against the allowance when management believes the uncollectability of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance.

	The allowance for loan losses is evaluated on a regular basis by management and is based upon management’s periodic review of the collectability of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available.

	General Component:

	The general component of the allowance for loan losses is based on historical loss experience adjusted for qualitative factors stratified by the following loan segments: owner and non-owner occupied residential real estate, home equity, multifamily, commercial real estate, construction, commercial and consumer. Management uses a rolling average of historical losses based on a time frame appropriate to capture relevant loss data for each loan segment. This historical loss factor is adjusted for the following qualitative factors: levels/trends in delinquencies; trends in volume and terms of loans; effects of changes in risk selection and underwriting standards and other changes in lending policies, procedures and practices; experience/ability/depth of lending management and staff; and national and local economic trends and conditions. There were no changes in the Company’s policies or methodology pertaining to the general component of the allowance for loan losses during fiscal year 2014.

	The qualitative factors are determined based on the various risk characteristics of each loan segment. Risk characteristics relevant to each portfolio segment are as follows:

	Residential real estate: Residential real estate includes owner and non-owner occupied real estate loans and home equity loans. The Company originates most of the loans in this segment according to FNMA/FHLMC underwriting guidelines. Most loans in this segment are collateralized by residential real estate and repayment is dependent on the credit quality of the individual borrower. The overall health of the economy, including unemployment rates and housing prices, will have an effect on the credit quality in this segment. There are some non-owner occupied residential real estate loans with multiple investment properties that are evaluated as commercial real estate property.

Commercial real estate: Commercial real estate includes multi-family and certain non-owner occupied residential real estate. Loans in this segment are primarily income-producing properties throughout Massachusetts. The underlying cash flows generated by the properties are adversely impacted by a downturn in the economy as evidenced by increased vacancy rates, which, in turn, will have an effect on the credit quality in this segment. Management periodically obtains rent rolls and continually monitors the cash flows of these loans.

Construction loans: Loans in this segment primarily include speculative real estate development loans for which payment is derived from sale of the property. Credit risk is affected by cost overruns, time to sell at an adequate price, and market conditions.

Commercial loans: Loans in this segment are made to businesses and are generally secured by assets of the business. Repayment is expected from the cash flows of the business. A weakened economy, and resultant decreased consumer spending, will have an effect on the credit quality in this segment.

Consumer loans: Loans in this segment are generally unsecured and repayment is dependent on the credit quality of the individual borrower.

Allocated Component:

The allocated component relates to loans that are classified as impaired. Impairment is measured on a loan by loan basis for commercial, commercial real estate and construction loans by either the present value of expected future cash flows discounted at the loan’s effective interest rate or the fair value of the collateral if the loan is collateral dependent. An allowance is established when the discounted cash flows (or collateral value) of the impaired loan are lower than the carrying value of that loan. Large groups of smaller balance homogeneous loans are collectively evaluated for impairment. Accordingly, the Company does not separately identify individual consumer and residential real estate loans for impairment disclosures, unless such loans are subject to a troubled debt restructuring agreement.

A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed.

The Company periodically may agree to modify the contractual terms of loans. When a loan is modified and a concession is made to a borrower experiencing financial difficulty, the modification is considered a troubled debt restructuring (“TDR”). All TDRs are classified as impaired.

Unallocated Component:

An unallocated component is maintained to cover uncertainties that could affect management’s estimate of probable losses. The unallocated component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating allocated and general reserves in the portfolio.

SERVICING:

Servicing assets are recognized as separate assets when rights are acquired through purchase or through sale of financial assets. Capitalized servicing rights are reported in other assets and are amortized into noninterest income in proportion to, and over the period of, the estimated future net servicing income of the underlying financial assets. Servicing assets are evaluated for impairment based upon the fair value of the rights as compared to amortized cost. Impairment is determined by stratifying rights by predominant characteristics such as interest rates and terms. Fair value is determined using prices for similar assets with similar characteristics, when available, or based upon discounted cash flows using market-based assumptions. Impairment is recognized through a valuation allowance for an individual stratum, to the extent that fair value is less than the capitalized amount for the stratum.

PREMISES AND EQUIPMENT:

Premises and equipment are stated at cost, less accumulated depreciation and amortization. Cost and related allowances for depreciation and amortization of premises and equipment retired or otherwise disposed of are removed from the respective accounts with any gain or loss included in income or expense. Depreciation and amortization are calculated principally on a straight-line basis over the estimated useful lives of the assets.

INVESTMENT IN REAL ESTATE:

Investment in real estate is carried at the lower of cost or estimated fair value and includes a building and land located adjacent to the Bank’s parking lot in Dorchester, Massachusetts as well as property formerly held in other real estate owned. Lease income is included in other income and expenses for maintaining these assets are included in other expense. The buildings are being depreciated over their estimated useful lives.

OTHER REAL ESTATE OWNED AND IN-SUBSTANCE FORECLOSURES:

Other real estate owned includes properties acquired through foreclosure and properties classified as in-substance foreclosures in accordance with ASC 310-40, “Receivables-Troubled Debt Restructuring by Creditors.” These properties are initially carried at estimated fair value, less estimated selling costs. Any writedown from cost to estimated fair value required at the time of foreclosure or classification as in-substance foreclosure is charged to the allowance for loan losses. Expenses incurred in connection with maintaining these assets, subsequent writedowns and gains or losses recognized upon sale are included in other expense.

In accordance with ASC 310-10-35, “Receivables-Overall-Subsequent Measurement,” the Company classifies loans as in-substance repossessed or foreclosed if the Company receives physical possession of the debtor’s assets regardless of whether formal foreclosure proceedings take place.

As of September 30, 2014 and 2013, the Company had no other real estate owned or in-substance foreclosure assets.

ADVERTISING:

The Company directly expenses costs associated with advertising as they are incurred.

INCOME TAXES:

The Company recognizes income taxes under the asset and liability method. Under this method, deferred tax assets and liabilities are established for the temporary differences between the accounting basis and the tax basis of the Company’s assets and liabilities at enacted tax rates expected to be in effect when the amounts related to such temporary differences are realized or settled.

EARNINGS (LOSS)PER SHARE (EPS):

Basic EPS is computed by dividing income available to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the entity. Because the formation of the Company was completed on November 19, 2012, loss per share data is not meaningful for the year ended September 30, 2013 and is therefore not presented. Unallocated common shares held by the ESOP and unvested restricted stock awards are shown as a reduction in stockholders’ equity and are not included in the weighted-average number of common shares outstanding for either basic or diluted loss per share calculations.

Basic and diluted loss per share have been computed based on the following for the year ended September 30, 2014:
		(Dollars in thousands)

Net loss applicable to common stock		$	(144	)

Average number of common shares issued		663,432
Less: average unallocated ESOP shares		(40,066		)
Less: average unvested restricted stock awards		(2,182		)
Average number of common shares outstanding used to calculate basic and diluted loss per share		621,184

Basic loss per share		$	(0.23	)
Diluted loss per share		$	(0.23	)

At September 30, 2014, there were 18,519 shares of unvested restricted stock not included in the computation of diluted loss per share because to do so would have been antidilutive.

FAIR VALUES OF FINANCIAL INSTRUMENTS:

ASC 825, “Financial Instruments,” requires that the Company disclose estimated fair value for its financial instruments. Fair value methods and assumptions used by the Company in estimating its fair value disclosures are as follows:

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 with other banks: Fair values of interest-bearing time deposits with other banks are estimated using discounted cash flow analyses based on current rates for similar types of deposits.

Securities: Fair values for securities are based on quoted market prices, where available. If quoted market prices are not available, fair values are based on quoted market prices of comparable instruments.

Loans held-for-sale: Fair values of loans held-for-sale are estimated based on outstanding investor commitments or, in the absence of such commitments, are based on current investor yield requirements.

Loans receivable: For variable-rate loans that reprice frequently and with no significant change in credit risk, fair values are based on carrying values. The fair values for other loans are estimated using discounted cash flow analyses, using interest rates currently being offered for loans with similar terms to borrowers of similar credit quality.

Accrued interest receivable: The carrying amounts of accrued interest receivable approximate their fair values.

Deposit liabilities: The fair values disclosed for demand deposits (e.g., interest and non-interest checking, passbook savings and money market accounts) are, by definition, equal to the amount payable on demand at the reporting date (i.e., their carrying amounts). Fair values for fixed-rate certificate accounts 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 certificate accounts.

Federal Home Loan Bank advances: Fair values for Federal Home Loan Bank of Boston (FHLB) 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 FHLB advances.

Off-balance sheet instruments: The fair value of commitments to originate loans is estimated using the fees currently charged to enter similar agreements, taking into account the remaining terms of the agreements and the present creditworthiness of the counterparties. For fixed-rate loan commitments and the unadvanced portion of loans, fair value also considers the difference between current levels of interest rates and the committed rates. The fair value of letters of credit is based on fees currently charged for similar agreements or on the estimated cost to terminate them or otherwise settle the obligation with the counterparties at the reporting date.

SHARE-BASED COMPENSATION PLAN:

The Company measures and recognizes compensation cost relating to share-based payment transactions based on the grant-date fair value of the equity instruments issued. Share-based compensation is recognized over the period the employee is required to provide service for the award. Reductions in compensation expense associated with forfeited options are estimated at the date of grant, and this estimated forfeiture rate is adjusted quarterly based on actual forfeiture experience. The Company uses the Black-Scholes option-pricing model to determine the fair value of stock options granted. See Note 12.

EMPLOYEE STOCK OWNERSHIP PLAN:

The Company established an Employee Stock Ownership Plan (ESOP) as part of its stock issuance on November 19, 2012. The ESOP is accounted for in accordance with ASC 718-40, “Compensation — Stock Compensation — Employee Stock Ownership Plan.” Under ASC 718-40, unearned ESOP shares are not considered outstanding and are therefore not taken into account when computing earnings per share. Unearned ESOP shares are presented as a reduction to stockholders’ equity and represent shares to be allocated to ESOP participants in future periods for services provided by the Company. As shares are committed to be released, compensation expense is recognized for the fair market value of the stock and stockholders’ equity is increased by a corresponding amount. The loan to the ESOP will be repaid principally from the Bank’s contributions to the ESOP over a period of 6.1 years. See Note 11.

RECENT ACCOUNTING PRONOUNCEMENTS:

In January 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (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. The new guidance is effective within annual periods beginning on or after December 15, 2014, and interim periods within those years. The adoption of this guidance is not expected to have a material impact on the Company’s consolidated financial statements.

In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers (Topic 606).” The objective of this ASU is 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. The amendments in this update are effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Early application is not permitted. The Company is currently reviewing this ASU to determine if it will have an impact on 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 the first interim or annual period beginning after December 15, 2014. An entity is required to present changes in accounting for transactions outstanding on the effective date as a cumulative-effect adjustment to retained earnings as of the beginning of the period of adoption. Earlier application for a public business entity is prohibited. The Company anticipates that the adoption of this ASU will not have a material impact on its consolidated 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 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 anticipates that the adoption of this ASU will not have a material impact on its consolidated financial statements.

In August 2014, the FASB issued ASU 2014-13, “Consolidation (Topic 810): Measuring the Financial Assets and the Financial Liabilities of a Consolidated Collateralized Financing Entity.” This ASU applies to entities that meet the following criteria:

	1		they are required to consolidate a collateralized entity under the Variable Interest Entities guidance;
	2		they measure all of the financial assets and the financial liabilities of that consolidated collateralized financing entity at fair value in the consolidated financial statements based on other FASB rules; and
	3		those changes in fair value are reflected in earnings.

Under ASU 2014-13, entities that meet these criteria are provided an alternative under which they can choose to eliminate the difference between the fair value of financial assets and financial liabilities of a consolidated collateralized financing entity. If that alternative is not elected, then ASU 2014-13 indicates that the fair value of the financial assets and the fair value of the financial liabilities of the consolidated collateralized financing entity should be measured in accordance with ASC 820, “Fair Value Measurement,” and differences between the fair value of the financial assets and the financial liabilities of that consolidated collateralized financing entity should be reflected in earnings and attributed to the reporting entity in the consolidated statement of income or loss. The amendments in this ASU are effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2015. Early adoption is permitted as of the beginning of an annual period. The Company anticipates that the adoption of this ASU will not have a material impact on its consolidated financial statements.

In August 2014, the FASB issued ASU 2014-14, “Receivables - Troubled Debt Restructurings by Creditors (Subtopic 310-40): Classification of Certain Government - Guaranteed Mortgage Loans upon Foreclosure.” The amendments in this ASU require that a mortgage loan be derecognized and that a separate other receivable be recognized upon foreclosure if the following conditions are met:

	1		the loan has a government guarantee that is not separable from the loan before foreclosure;
	2		at the time of foreclosure, the creditor has the intent to convey the real estate property to the guarantor and make a claim on the guarantee, and the creditor has the ability to recover under that claim; and
	3		at the time of foreclosure, any amount of the claim that is determined on the basis of the fair value of the real estate is fixed.

Upon foreclosure, the separate other receivable should be measured based on the amount of the loan balance (principal and interest) expected to be recovered from the guarantor. The amendments in this ASU are effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. The Company anticipates that the adoption of this ASU will not have a material impact on its consolidated financial statements.

In August 2014, the FASB issued ASU 2014-15, “Presentation of Financial Statements — Going Concern (Subtopic 205-40).” The amendments in this ASU provide guidance about management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern or to provide related footnote disclosures. The amendments require management to assess an entity’s ability to continue as a going concern by incorporating and expanding upon certain principles that are currently in U.S. auditing standards. Specifically, the amendments (1) provide a definition of the term substantial doubt, (2) require an evaluation every reporting period including interim periods, (3) provide principles for considering the mitigating effect of management’s plans, (4) require certain disclosures when substantial doubt is alleviated as a result of consideration of management’s plans, (5) require an express statement and other disclosures when substantial doubt is not alleviated, and (6) require an assessment for a period of one year after the date that the financial statements are issued (or available to be issued). The amendments in this ASU apply to all entities and are effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. Early application is permitted. The adoption of this guidance is not expected to have an impact on the Company’s results of operations or financial position.

In August 2014, the FASB issued ASU 2014-16, “Derivatives and Hedging (Topic 815).” The objective of this ASU is to eliminate the use of different methods in practice and thereby reduce existing diversity under GAAP in the accounting for hybrid financial instruments issued in the form of a share. The amendments in this ASU apply to all entities that are issuers of, or investors in, hybrid financial instruments that are issued in the form of a share. The amendments in this ASU do not change the current criteria in GAAP for determining when separation of certain embedded derivative features in a hybrid financial instrument is required. The amendments clarify how current GAAP should be interpreted in evaluating the economic characteristics and risks of a host contract in a hybrid financial instrument that is issued in the form of a share. Specifically, the amendments clarify that an entity should consider all relevant terms and features, including the embedded derivative feature being evaluated for bifurcation, in evaluating the nature of the host contract. Furthermore, the amendments clarify that no single term or feature would necessarily determine the economic characteristics and risks of the host contract. Rather, the nature of the host contract depends upon the economic characteristics and risks of the entire hybrid financial instrument. In addition, the amendments in this ASU clarify that, in evaluating the nature of a host contract, an entity should assess the substance of the relevant terms and features when considering how to weight those terms and features. Specifically, the assessment of the substance of the relevant terms and features should incorporate a consideration of (1) the characteristics of the terms and features themselves, (2) the circumstances under which the hybrid financial instrument was issued or acquired, and (3) the potential outcomes of the hybrid financial instrument, as well as the likelihood of those potential outcomes. The amendments in this ASU are effective for public entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2014. Early adoption is permitted. The adoption of this guidance is not expected to have an impact on the Company’s results of operations or financial position.

In November 2014, the FASB issued ASU 2014-17, “Business Combinations (Topic 805): Pushdown Accounting.” The amendments in this ASU provide guidance on whether and at what threshold an acquired entity that is a business or nonprofit activity may elect to apply pushdown accounting in its separate financial statements upon a change-in-control event in which an acquirer obtains control of the acquired entity. The amendments in this ASU are effective on November 18, 2014. After the effective date, an acquired entity can make an election to apply the guidance to future change-in-control events or to its most recent change-in-control event. However, if the financial statements for the period in which the most recent change-in-control event occurred already have been issued or made available to be issued, the application of this guidance would be a change in accounting principle. The Company anticipates that the adoption of this ASU will not have an impact on the Company’s results of operations or financial position.

INVESTMENTS_IN_AVAILABLEFORSAL

INVESTMENTS IN AVAILABLE-FOR-SALE SECURITIES	12 Months Ended
INVESTMENTS IN AVAILABLE-FOR-SALE SECURITIES	Sep. 30, 2014
INVESTMENTS IN AVAILABLE-FOR-SALE SECURITIES
INVESTMENTS IN AVAILABLE-FOR-SALE SECURITIES	NOTE 3 - INVESTMENTS IN AVAILABLE-FOR-SALE SECURITIES

	Debt securities have been classified in the consolidated balance sheets according to management’s intent. The amortized cost and their approximate fair values are as follows:

		Amortized		Gross		Gross
		Cost		Unrealized		Unrealized		Fair
		Basis		Gains		Losses		Value
	September 30, 2014:
	U.S. Government and federal agency obligations	$	3,403	$	10	$	28	$	3,385
	Taxable municipal securities	301		—		2		299
	Asset-backed securities	911		5		—		916
	Mortgage-backed securities	11,913		158		33		12,038
		$	16,528	$	173	$	63	$	16,638

	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 fair value of debt securities by contractual maturity at September 30, 2014 is as follows:

		Amortized		Fair
		Cost Basis		Value
	Due within one year	$	—	$	—
	Due after one year through five years	749		744
	Due after five years through ten years	2,955		2,940
	Due after ten years	—		—
	Asset-backed securities	911		916
	Mortgage-backed securities	11,913		12,038
		$	16,528	$	16,638

	There were no sales of available-for-sale securities during the years ended September 30, 2014 and 2013.

	There were no securities of issuers which exceeded 10% of stockholders’ equity as of September 30, 2014.

	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 as of September 30:

		Less than 12 Months				12 Months or Longer				Total
		Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
		Value		Losses		Value		Losses		Value		Losses
	September 30, 2014:
	U.S. Government and federal agency obligations	$	1,445	$	22	$	744	$	6	$	2,189	$	28
	Taxable municipal securities	299		2		—		—		299		2
	Mortgage-backed securities	3,254		20		734		13		3,988		33
	Total temporarily impaired securities	$	4,998	$	44	$	1,478	$	19	$	6,476	$	63

	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 its investment securities to determine if the value of any security has declined below its 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 September 30, 2014 consist of 6 debt securities issued by U.S. Government federal agencies, 14 mortgage-backed securities, and one taxable municipal security. The unrealized loss at September 30, 2014 is 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 recovery to cost basis, the declines are deemed to be not other-than-temporary.

LOANS

LOANS	12 Months Ended
LOANS	Sep. 30, 2014
LOANS
LOANS	NOTE 4 - LOANS

	Loans consisted of the following as of September 30:

			2014			2013
			(In thousands)
	Real estate loans:
	Residential		$	48,654		$	38,630
	Commercial		12,473			9,023
	Construction		1,736			824
	Multi-family		2,837			1,712
	Total real estate		65,700			50,189

	Commercial		2,940			1,862

	Consumer loans:
	Home equity		6,989			5,179
	Other		1,339			762
	Total consumer		8,328			5,941

			76,968			57,992
	Allowance for loan losses		(506		)	(435		)
	Deferred loan costs, net		553			382
	Net loans		$	77,015		$	57,939

	Certain directors and executive officers of the Company and companies in which they have significant ownership interest were customers of the Bank during the year ended September 30, 2014. Total loans to such persons and their companies amounted to $147,000 as of September 30, 2014. During the year ended September 30, 2014, principal payments amounted to $22,000, and there were no principal advances.

	The following tables set forth information regarding the allowance for loan losses by portfolio segment as of September 30:

			Real Estate																		Consumer
			1-4 Family			1-4 Family
			Owner			Non-Owner
	(In thousands)		Occupied			Occupied			Commercial			Construction			Multi-family			Commercial			Home Equity			Other			Total

	September 30, 2014
	Allowance for loan losses:
	Beginning balance		$	178		$	75		$	81		$	8		$	17		$	16		$	31		$	29		$	435
	Charge-offs		—			—			—			—			—			—			—			—			—
	Recoveries		—			—			—			—			—			—			—			2			2
	(Benefit) provision		(13		)	26			5			9			11			9			10			12			69
	Ending balance		$	165		$	101		$	86		$	17		$	28		$	25		$	41		$	43		$	506

	Allowance for loan losses:
	Ending balance:
	Individually evaluated for impairment		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
	Ending balance:
	Collectively evaluated for impairment		165			101			86			17			28			25			41			43			506
	Total allowance for loan losses ending balance		$	165		$	101		$	86		$	17		$	28		$	25		$	41		$	43		$	506

	Loans:
	Ending balance:
	Individually evaluated for impairment		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
	Ending balance:
	Collectively evaluated for impairment		33,179			15,475			12,473			1,736			2,837			2,940			6,989			1,339			76,968
	Total loans ending balance		$	33,179		$	15,475		$	12,473		$	1,736		$	2,837		$	2,940		$	6,989		$	1,339		$	76,968

	September 30, 2013:

			Real Estate																		Consumer
			1-4 Family			1-4 Family
			Owner			Non-Owner
	(In thousands)		Occupied			Occupied			Commercial			Construction			Multi-family			Commercial			Home Equity			Other			Total

	September 30, 2013:
Allowance for loan losses:
Beginning balance		$	135		$	55		$	67		$	3		$	12		$	14		$	33		$	15		$	334
Charge-offs		—			—			—			—			—			—			—			(3		)	(3		)
Recoveries		—			—			—			—			—			—			—			—			—
Provision (benefit)		43			20			14			5			5			2			(2		)	17			104
Ending balance		$	178		$	75		$	81		$	8		$	17		$	16		$	31		$	29		$	435

Allowance for loan losses:
Ending balance:
Individually evaluated for impairment		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Ending balance:
Collectively evaluated for impairment		178			75			81			8			17			16			31			29			435
Total allowance for loan losses ending balance		$	178		$	75		$	81		$	8		$	17		$	16		$	31		$	29		$	435

Loans:
Ending balance:
Individually evaluated for impairment		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Ending balance:
Collectively evaluated for impairment		27,155			11,475			9,023			824			1,712			1,862			5,179			762			57,992
Total loans ending balance		$	27,155		$	11,475		$	9,023		$	824		$	1,712		$	1,862		$	5,179		$	762		$	57,992

The following tables set forth information regarding nonaccrual loans and past-due loans as of September 30:

								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, 2014:
Real estate:
Residential		$	386		$	34		$	—		$	420		$	48,234		$	48,654		$	—		$	—
Commercial		—			—			—			—			12,473			12,473			—			—
Construction		—			—			—			—			1,736			1,736			—			—
Multi-family		—			191			—			191			2,646			2,837			—			—
Commercial		—			—			—			—			2,940			2,940			—			—
Home equity		216			—			—			216			6,773			6,989			—			20
Other consumer		—			8			—			8			1,331			1,339			—			—
Total		$	602		$	233		$	—		$	835		$	76,133		$	76,968		$	—		$	20

								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 and during the years ended September 30, 2014 and 2013, the Company had no loans that met the definition of an impaired loan in ASC 310-10-35.

As of and during the years ended September 30, 2014 and 2013, there were no loans that met the definition of a troubled debt restructured loan in ASC 310-40.

The following tables present the Company’s loans by risk rating as of September 30:

		Real Estate															Consumer
(In thousands)		Residential			Commercial			Construction			Multi-family			Commercial			Home Equity			Other			Total
September 30, 2014:
Grade:
Pass		$	—		$	12,473		$	1,736		$	2,837		$	2,761		$	—		$	—		$	19,807
Special mention		225			—			—			—			179			28			—			432
Substandard		—			—			—			—			—			20			—			20
Not formally rated		48,429			—			—			—			—			6,941			1,339			56,709
Total		$	48,654		$	12,473		$	1,736		$	2,837		$	2,940		$	6,989		$	1,339		$	76,968

		Real Estate															Consumer
(In thousands)		Residential			Commercial			Construction			Multi-family			Commercial			Home Equity			Other			Total
September 30, 2013:
Grade:
Pass		$	—		$	8,259		$	824		$	1,712		$	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		$	9,023		$	824		$	1,712		$	1,862		$	5,179		$	762		$	57,992

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.

Loans serviced for others are not included in the accompanying consolidated balance sheets. As of September 30, 2014 and 2013 the unpaid principal balances of loans serviced for others were $32,604,000 and $26,574,000, respectively.

In 2014 and 2013, the Company capitalized mortgage servicing rights totaling $118,000 and $210,000, respectively, and amortized $76,000 and $68,000, respectively. The balance of capitalized mortgage servicing rights included in other assets at September 30, 2014 and 2013 was $289,000 and $240,000, respectively. The fair value of the Company’s mortgage servicing rights at September 30, 2014 and 2013 was $388,000 and $289,000, respectively. Following is an analysis of the aggregate changes in the valuation allowance for mortgage servicing rights for the years ended September 30:

		2014			2013
		(In Thousands)
Beginning balance		$	9		$	4
Additions		—			9
Reductions		(7		)	(4		)
Ending balance		$	2		$	9

PREMISES_AND_EQUIPMENT

PREMISES AND EQUIPMENT	12 Months Ended
	Sep. 30, 2014
PREMISES AND EQUIPMENT
PREMISES AND EQUIPMENT	NOTE 5 - PREMISES AND EQUIPMENT

	The following is a summary of premises and equipment as of September 30:
		2014			2013
		(In Thousands)
	Land	$	229		$	229
	Building and improvements	1,643			1,638
	Furniture, fixtures and equipment	629			608
		2,501			2,475
	Accumulated depreciation and amortization	(729		)	(610		)
		$	1,772		$	1,865

INVESTMENT_IN_REAL_ESTATE

INVESTMENT IN REAL ESTATE	12 Months Ended
	Sep. 30, 2014
INVESTMENT IN REAL ESTATE
INVESTMENT IN REAL ESTATE	NOTE 6 - INVESTMENT IN REAL ESTATE

	The balance in investment in real estate consisted of the following as of September 30:

		2014			2013
		(In Thousands)
	Land	$	311		$	311
	Building	824			665
		1,135			976
	Accumulated depreciation and amortization	(45		)	(24		)
		$	1,090		$	952

	Rental income from investment in real estate amounted to $34,000 and $47,000 for the years ended September 30, 2014 and 2013, respectively.

DEPOSITS

DEPOSITS	12 Months Ended
	Sep. 30, 2014
DEPOSITS
DEPOSITS	NOTE 7 - DEPOSITS

	The aggregate amount of time deposit accounts in denominations of $100,000 or more as of September 30, 2014 and 2013 was $38,289,000 and $24,082,000, respectively.

	For time deposits as of September 30, 2014, the scheduled maturities for each of the following years ended September 30, are:
		(In Thousands)
	2015	$	27,993
	2016	11,272
	2017	10,613
		$	49,878

FEDERAL_HOME_LOAN_BANK_ADVANCE

FEDERAL HOME LOAN BANK ADVANCES	12 Months Ended
	Sep. 30, 2014
FEDERAL HOME LOAN BANK ADVANCES
FEDERAL HOME LOAN BANK ADVANCES	NOTE 8 - FEDERAL HOME LOAN BANK ADVANCES

	Advances consist of funds borrowed from the Federal Home Loan Bank of Boston (FHLB).

	Maturities of advances from the FHLB for the years ending after September 30, 2014 are summarized as follows:

		(In Thousands)
	2015	$	6,573
	2016	580
	2017	559
	2018	254
	2019	2,987
		$	10,953

	As of September 30, 2014, the interest rates on FHLB advances ranged from .18% to 2.16% with a weighted-average interest rate of .90%.

	Amortizing advances are being repaid in equal monthly payments and are being amortized from the date of the advance to the maturity date on a direct reduction basis.

	Borrowings from the FHLB are secured by a blanket lien on qualified collateral, consisting primarily of loans with first mortgages secured by one-to-four family properties.

INCOME_TAXES

INCOME TAXES	12 Months Ended
INCOME TAXES	Sep. 30, 2014
INCOME TAXES
INCOME TAXES	NOTE 9 - INCOME TAXES

	The components of income tax benefit are as follows during the years ended September 30:

		2014			2013
		(In Thousands)
	Current:
	Federal	$	—		$	(23	)
	State	3			(3		)
		3			(26		)

	Deferred:
	Federal	(61		)	(10		)
	State	(5		)	(3		)
		(66		)	(13		)
	Total income tax benefit	$	(63	)	$	(39	)

	The reasons for the differences between the statutory federal income tax rate and the effective tax rates are summarized as follows during the years ended September 30:

		2014		2013
		% of		% of
		Income		Income
	Federal income tax statutory rate	(34.0	)%	(34.0	)%
	Increase in tax resulting from:
	Other	4.4		3.6
	State tax, net of federal tax benefit	(0.8	)	(3.2	)
	Effective tax rates	(30.4	)%	(33.6	)%

	The Company had gross deferred tax assets and gross deferred tax liabilities as follows as of September 30:

		2014			2013
		(In Thousands)
	Deferred tax assets:
	Allowance for loan losses	$	38		$	10
	Alternative minimum tax	20			20
	Net operating loss carryovers	54			10
	Charitable contribution carryover	13			10
	Deferred ESOP expense	27			29
	Restricted stock awards	5			—
	Gross deferred tax assets	157			79

	Deferred tax liabilities:
	Mortgage servicing rights	(115		)	(96		)
	Net unrealized holding gain on available-for-sale securities	(43		)	(26		)
	Depreciation	(57		)	(64		)
	Gross deferred tax liabilities	(215		)	(186		)
	Net deferred tax liability	$	(58	)	$	(107	)

	Deferred tax assets as of September 30, 2014 have not been reduced by a valuation allowance because management believes that it is more likely than not that the full amount of deferred tax assets will be realized.

	As of September 30, 2014, the Company has federal net operating loss carryovers of approximately $159,000 which expire between 2033 and 2034. The Company also has $20,000 of alternative minimum tax credit carryovers which do not expire.

	The federal income tax reserve for loan losses at the Company’s base year amounted to approximately $1,100,000. If any portion of the reserve is used for purposes other than to absorb losses for which established, approximately 150% of the amount actually used (limited to the amount of the reserve) would be subject to taxation in the fiscal year in which used. As the Company intends to use the reserve only to absorb loan losses, a deferred income tax liability of approximately $439,000 has not been provided.

	It is the Company’s policy to provide for uncertain tax positions and the related interest and penalties based upon management’s assessment of whether a tax benefit is more likely than not to be sustained upon examination by tax authorities. As of September 30, 2014, there were no material uncertain tax positions related to federal and state income tax matters. The Company is currently open to audit under the statute of limitations by the Internal Revenue Service and state taxing authorities for the years ended September 30, 2011 through September 30, 2014.

EMPLOYEE_BENEFITS

EMPLOYEE BENEFITS	12 Months Ended
EMPLOYEE BENEFITS	Sep. 30, 2014
EMPLOYEE BENEFITS
EMPLOYEE BENEFITS	NOTE 10 - EMPLOYEE BENEFITS

	The Company has a 401(k) plan which provides for voluntary contributions by participating employees ranging from one percent to seventy-five percent of their compensation, subject to certain limitations. The Company matches 100% of employee contributions up to a maximum of 5% of participant’s compensation. Total expense recorded by the Company for the years ended September 30, 2014 and 2013 amounted to $72,000 and $76,000, respectively.

	The Company and the Bank entered into a three-year employment agreement (Agreement) with an executive officer. The Agreement provides for a three-year term, subject to annual renewal by the boards of directors for an additional year beyond the then-current expiration date. The Agreement also provides for participation in incentive compensation and other employee benefits as described in the Agreement.

	Under the terms of the Agreement, upon the occurrence of a change in control, as defined in the Agreement, followed by executive termination of employment, the Company shall pay the executive a lump sum cash payment equal to two times his base salary then in effect and average bonus paid during the two years prior to the change in control; and continued health and life insurance coverage for 24 months. If at the time of a change in control the remaining term of the Agreement is less than one year, then the term will automatically extend for a period of one year after the date of the change in control.

	The Bank entered into two-year change in control agreements (Agreements) with an executive officer and an officer. Under the Agreements, if the employment of the executive officer or the officer is terminated for any reason other than cause as defined in the Agreements or if the executive officer or officer terminates employment for “good reason,” in either case in connection with or within one year of a change in control and the executive officer or officer is not offered a comparable position with the successor company, the executive officer and/or the officer will receive a lump sum payment equal to two times his base salary then in effect and continued coverage under health and life insurance coverage for 24 months.

EMPLOYEE_STOCK_OWNERSHIP_PLAN_

EMPLOYEE STOCK OWNERSHIP PLAN ("ESOP")	12 Months Ended
	Sep. 30, 2014
EMPLOYEE STOCK OWNERSHIP PLAN ("ESOP")
EMPLOYEE STOCK OWNERSHIP PLAN	NOTE 11 - EMPLOYEE STOCK OWNERSHIP PLAN (“ESOP”)

	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 become 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 the loan term of 6.1 years.

	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 equal to 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 September 30, 2014, the remaining principal balance on the ESOP debt was $409,000 and the number of shares held by the ESOP was 46,287.

	Total compensation expense recognized in connection with the ESOP was $93,000 and $76,000 for the years ended September 30, 2014 and 2013, respectively.

	The remaining principal balance on the ESOP debt as of September 30, 2014 is payable as follows:

	Years Ending
	September 30,	Amount
		(In Thousands)

	2015	$	77
	2016	79
	2017	82
	2018	84
	2019	87
		$	409

	Shares held by the ESOP are as follows as of September 30:

		2014		2013

	Allocated	8,124		492
	Unallocated	38,163		45,795
	Shares held by ESOP	46,287		46,287

	The fair value of unallocated ESOP shares was $500,000 and $550,000 at September 30, 2014 and 2013, respectively.

EQUITY_INCENTIVE_PLAN

EQUITY INCENTIVE PLAN	12 Months Ended
EQUITY INCENTIVE PLAN	Sep. 30, 2014
EQUITY INCENTIVE PLAN
EQUITY INCENTIVE PLAN	NOTE 12 - EQUITY INCENTIVE PLAN

	Shareholders of Meetinghouse Bancorp, Inc. approved the 2014 Equity Incentive Plan (“Plan”) on February 9, 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 restricted stock awards that can be granted is 26,450 and the number of options that can be granted is 66,125. The Board of Directors granted stock awards on August 19, 2014 in the amount of 18,519 shares to its management, employees and directors. For the year ended September 30, 2014, compensation expense applicable to the stock awards was $13,000 with a related tax benefit of $4,000. Unrecognized compensation expense for non-vested restricted stock totaled $221,000 as of September 30, 2014, which will be recognized over the remaining weighted-average vesting period of 2.9 years. As of September 30, 2014, there were no forfeitures of stock awards granted. As of September 30, 2014, there were no options granted under the Plan.

FINANCIAL_INSTRUMENTS

FINANCIAL INSTRUMENTS	12 Months Ended
	Sep. 30, 2014
FINANCIAL INSTRUMENTS
FINANCIAL INSTRUMENTS	NOTE 13 - FINANCIAL INSTRUMENTS

	The Company is party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit. Those instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the balance sheet. The contract or notional amounts of those instruments reflect the extent of involvement the Company has in particular classes of financial instruments.

	The Company’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit is represented by the contractual notional amount of those instruments. The Company uses the same credit policies in making commitments and conditional obligations as it does for on-balance sheet instruments.

	Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. The Company evaluates each customer’s creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Company upon extension of credit, is based on management’s credit evaluation of the borrower. Collateral held varies but usually includes income producing commercial properties or residential real estate.

	Standby letters of credit are conditional commitments issued by the Company to guarantee the performance by a customer to a third party. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. As of September 30, 2014 and 2013, the maximum potential amount of the Company’s obligation was $149,000 for financial and standby letters of credit. The Company’s outstanding letters of credit generally have a term of less than one year. If a letter of credit is drawn upon, the Company may seek recourse through the customer’s underlying line of credit. If the customer’s line of credit is also in default, the Company may take possession of the collateral, if any, securing the line of credit.

	Notional amounts of financial instrument liabilities with off-balance sheet credit risk are as follows as of September 30:

		2014		2013
		(In Thousands)
	Commitments to originate loans	$	1,114	$	1,880
	Unadvanced funds on lines of credit	5,259		2,803
	Unadvanced funds on construction loans	527		307
	Standby letters of credit	149		149
		$	7,049	$	5,139

	As of September 30, 2014, commitments to originate loans includes $829,000 of loans that are committed to be sold in the secondary market. As of September 30, 2013, there were no commitments to originate loans that were also committed to be sold.

	There is no material difference between the notional amount and the estimated fair value of the off-balance sheet liabilities.

COMMITMENTS_AND_CONTINGENT_LIA

COMMITMENTS AND CONTINGENT LIABILITIES	12 Months Ended
	Sep. 30, 2014
COMMITMENTS AND CONTINGENT LIABILITIES
COMMITMENTS AND CONTINGENT LIABILITIES	NOTE 14 - COMMITMENTS AND CONTINGENT LIABILITIES

	Pursuant to the terms of a non-cancellable lease agreement in effect at September 30, 2014 pertaining to a branch facility, future minimum rental payments are as follows for the years ended September 30:

		(In Thousands)
	2015	$	55
	2016	56
	2017	57
	2018	19
	Total	$	187

	Rental expense amounted to $59,000 and $19,000 for the years ended September 30, 2014 and 2013, respectively.

FAIR_VALUE_MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
	Sep. 30, 2014
FAIR VALUE MEASUREMENTS
FAIR VALUE MEASUREMENTS	NOTE 15 - FAIR VALUE MEASUREMENTS

	ASC 820-10, “Fair Value Measurement - Overall,” 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 for September 30, 2014 and 2013. The Company did not have any significant transfers of assets between levels 1 and 2 of the fair value hierarchy during the years ended September 30, 2014 and 2013.

	The Company’s cash instruments are generally classified within level 1 or level 2 of the fair value hierarchy because they are valued using quoted market prices, broker or dealer quotations, or alternative pricing sources with reasonable levels of price transparency.

	The Company’s investment in 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.

	Level 3 is for positions that are not traded in active markets or are subject to transfer restrictions, valuations are adjusted to reflect illiquidity and/or non-transferability, and such adjustments are generally based on available market evidence. In the absence of such evidence, management’s best estimate is used. Subsequent to inception, management only changes level 3 inputs and assumptions when corroborated by evidence such as transactions in similar instruments, completed or pending third-party transactions in the underlying investment or comparable entities, subsequent rounds of financing, recapitalization and other transactions across the capital structure, offerings in the equity or debt markets, and changes in financial ratios or cash flows.

	The Company’s impaired loans are reported at the fair value of the underlying collateral if repayment is expected solely from the collateral. Collateral values are estimated using level 2 inputs based upon appraisals of similar properties obtained from a third party. The fair value of impaired loans estimated using level 3 inputs are based on management estimates.

	The following summarizes assets measured at fair value on a recurring basis as of September 30:

	(In thousands)		Total			Quoted Prices in			Significant			Significant
						Active Markets for			Other Observable			Unobservable
						Identical Assets			Inputs			Inputs
						Level 1			Level 2			Level 3
	September 30, 2014:
	Securities available-for-sale:
	U.S. Government and federal agency obligations		$	3,385		$	—		$	3,385		$	—
	Taxable municipal securities		299			—			299			—
	Asset-backed securities		916			—			916			—
	Mortgage-backed securities		12,038			—			12,038			—
			$	16,638		$	—		$	16,638		$	—

	September 30, 2013:
	U.S. Government and federal agency obligations		$	790		$	—		$	790		$	—
	Mortgage-backed securities		4,519			—			4,519			—
			$	5,309		$	—		$	5,309		$	—

	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 as of September 30, 2014 and 2013.

	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 as of September 30:

			September 30, 2014
			Carrying			Fair Value
			Amount			Level 1			Level 2			Level 3			Total
			(In Thousands)
	Financial assets:
	Cash and cash equivalents		$	5,938		$	5,938		$	—		$	—		$	5,938
	Interest-bearing time deposits in other banks		1,985			—			—			1,986			1,986
	Available-for-sale securities		16,638			—			16,638			—			16,638
	Federal Home Loan Bank stock		754			754			—			—			754
	Loans held-for-sale		2,727			2,753			—			—			2,753
	Loans, net		77,015			—			—			77,749			77,749
	Accrued interest receivable		273			273			—			—			273

	Financial liabilities:
	Deposits		87,483			—			—			87,769			87,769
	Federal Home Loan Bank advances		10,953			—			—			10,933			10,933

		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 carrying amounts of financial instruments shown in the above tables are included in the consolidated balance sheets as of September 30, 2014 and 2013 under the indicated captions. Accounting policies related to financial instruments are described in Note 2.

SIGNIFICANT_GROUP_CONCENTRATIO

SIGNIFICANT GROUP CONCENTRATIONS OF CREDIT RISK	12 Months Ended
SIGNIFICANT GROUP CONCENTRATIONS OF CREDIT RISK	Sep. 30, 2014
SIGNIFICANT GROUP CONCENTRATIONS OF CREDIT RISK
SIGNIFICANT GROUP CONCENTRATIONS OF CREDIT RISK	NOTE 16 - SIGNIFICANT GROUP CONCENTRATIONS OF CREDIT RISK

	Most of the Company’s business activity is with customers located within the Commonwealth of Massachusetts. There are no concentrations of credit to borrowers that have similar economic characteristics. The majority of the Company’s loan portfolio is comprised of loans collateralized by real estate located in the Commonwealth of Massachusetts.

OTHER_COMPREHENSIVE_INCOME_LOS

OTHER COMPREHENSIVE INCOME (LOSS)	12 Months Ended
	Sep. 30, 2014
OTHER COMPREHENSIVE INCOME (LOSS)
OTHER COMPREHENSIVE INCOME (LOSS)	NOTE 17 - OTHER COMPREHENSIVE INCOME (LOSS)

	Accounting principles generally require 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.

	The components of other comprehensive income (loss), included in stockholders’ equity, are as follows during the years ended September 30:

		2014			2013
		(In Thousands)
	Unrealized gains (losses) on securities
	Net unrealized holding gain (loss) on available-for-sale securities	$	46		$	(201	)
	Reclassification adjustment for realized (gains) losses in net income	—			—
		46			(201		)
	Income tax (expense) benefit	(17		)	77
	Other comprehensive income (loss), net of tax	$	29		$	(124	)

	At September 30, 2014 and 2013, the components of accumulated other comprehensive income, included in stockholders’ equity, are as follows:

		2014			2013
		(In Thousands)
	Net unrealized gain on securities available-for-sale, net of tax	$	67		$	38
	Total accumulated other comprehensive income	$	67		$	38

REGULATORY_CAPITAL

REGULATORY CAPITAL	12 Months Ended
REGULATORY CAPITAL	Sep. 30, 2014
REGULATORY CAPITAL
REGULATORY CAPITAL	NOTE 18 - 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 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.

	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). Management believes, as of September 30, 2014 and 2013, that the Bank meets all capital adequacy requirements to which it is subject.

	As of September 30, 2014, 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 table. There are no 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.
										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 September 30, 2014
	Total Capital (to Risk Weighted Assets)	$	8,172	13.3	%	$	4,901	8.0	%	$	6,126	10.0	%
	Tier 1 Capital (to Risk Weighted Assets)	7,667		12.5		2,451		4.0		3,676		6.0
	Tier 1 Capital (to Average Assets)	7,667		8.1		3,787		4.0		4,733		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

RECLASSIFICATION

RECLASSIFICATION	12 Months Ended
RECLASSIFICATION	Sep. 30, 2014
RECLASSIFICATION
RECLASSIFICATION	NOTE 19 - RECLASSIFICATION

	Certain amounts in the prior year have been reclassified to be consistent with the current year’s statement presentation.

CONDENSED_PARENT_COMPANY_ONLY_

CONDENSED PARENT COMPANY ONLY FINANCIAL STATEMENTS	12 Months Ended
	Sep. 30, 2014
CONDENSED PARENT COMPANY ONLY FINANCIAL STATEMENTS
CONDENSED PARENT COMPANY ONLY FINANCIAL STATEMENTS	NOTE 20 - CONDENSED PARENT COMPANY ONLY FINANCIAL STATEMENTS

	The following are the condensed balance sheets, statements of operations and cash flows for Meetinghouse Bancorp, Inc. (“Parent Company”) as of and for the years ended September 30:

	CONDENSED BALANCE SHEETS
	(In Thousands)

			2014			2013

	ASSETS
	Cash and due from banks		$	721		$	1,738
	Interest-bearing time deposits in other banks		1,489			496
	Investment in Meetinghouse Bank		7,756			7,620
	Loan to ESOP		409			483
	Net deferred tax asset		55			10
	Accrued interest receivable		14			12
	Other assets		19			28
	Total assets		$	10,463		$	10,387

	LIABILITIES AND STOCKHOLDERS’ EQUITY
	Other liabilities		$	13		$	—
	Total liabilities		13			—
	Stockholders’ equity		10,450			10,387
	Total liabilities and stockholders’ equity		$	10,463		$	10,387

	CONDENSED STATEMENTS OF OPERATIONS
	(In Thousands)

	Interest income on ESOP loan		$	14		$	13
	Interest income on time deposits in other banks		9			1
	Total interest income		23			14
	Compensation expense - restricted stock awards		13			—
	Director fees		6			7
	Professional fees		112			80
	Other expenses		23			16
	Total other expenses		154			103
	Loss before undistributed loss of subsidiary		(131		)	(89		)
	Equity in undistributed loss of subsidiary		(58		)	(18		)
	Loss before income taxes		(189		)	(107		)
	Income tax benefit		(45		)	(30		)
	Net loss		$	(144	)	$	(77	)

	CONDENSED STATEMENTS OF CASH FLOWS
	(In Thousands)

			2014			2013

	Cash flows from operating activities:
	Net loss		$	(144	)	$	(77	)
	Increase in accrued interest receivable		(2		)	(12		)
	Deferred tax benefit		(45		)	(10		)
	Decrease (increase) in income taxes receivable		1			(20		)
	Increase in other liabilities		13			—
	Decrease (increase) in other assets		8			(8		)
	Compensation expense - restricted stock awards		13			—
	Equity in undistributed loss of subsidiary		58			18

	Net cash used in operating activities		(98		)	(109		)

	Cash flows from investing activities:
	Purchases of interest-bearing time deposits in other banks		(993		)	(496		)
	ESOP loan		—			(487		)
	Principal payments received on ESOP loan		74			4
	Investment in subsidiary, Meetinghouse Bank		—			(2,826		)

Net cash used in investing activities		(919		)	(3,805		)

Cash flows from financing activities:
Proceeds from common stock offering		—			6,613
Costs of common stock offering		—			(961		)

Net cash provided by financing activities		—			5,652

Net (decrease) increase in cash		(1,017		)	1,738
Cash, beginning of year		1,738			—
Cash, end of year		$	721		$	1,738

QUARTERLY_RESULTS_OF_OPERATION

QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)	12 Months Ended
	Sep. 30, 2014
QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)
QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)	NOTE 21 - QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)

		Year Ended September 30,
		2014
		First			Second			Third			Fourth
		Quarter			Quarter			Quarter			Quarter
		(In Thousands)

	Interest and dividend income	$	716		$	775		$	834		$	957
	Interest expense	136			142			152			187
	Net interest and dividend income	580			633			682			770
	(Benefit) provision for loan losses	(11		)	(10		)	40			50
	Net interest and dividend income, after (benefit) provision for loan losses	591			643			642			720
	Total noninterest income	132			172			166			426
	Total noninterest expense	837			811			930			1,121
	(Loss) income before income taxes	(114		)	4			(122		)	25
	(Benefit) provision for income taxes	(47		)	9			(42		)	17
	Net (loss) income	$	(67	)	$	(5	)	$	(80	)	$	8

		Year Ended September 30,
		2013
		First			Second			Third			Fourth
		Quarter			Quarter			Quarter			Quarter
		(In Thousands)

	Interest and dividend income	$	619		$	663		$	670		$	675
	Interest expense	133			132			131			131
	Net interest and dividend income	486			531			539			544
	Provision for loan losses	4			41			27			32
	Net interest and dividend income, after provision for loan losses	482			490			512			512
	Total noninterest income	355			352			276			246
	Total noninterest expense	784			795			909			853
	Income (loss) before income taxes	53			47			(121		)	(95		)
	Provision (benefit) for income taxes	19			13			(49		)	(22		)
	Net income (loss)	$	34		$	34		$	(72	)	$	(73	)

ACCOUNTING_POLICIES_Policies

ACCOUNTING POLICIES (Policies)	12 Months Ended
	Sep. 30, 2014
ACCOUNTING POLICIES
USE OF ESTIMATES	USE OF ESTIMATES:

	The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

BASIS OF PRESENTATION	BASIS OF PRESENTATION:

	The accompanying consolidated financial statements include the accounts of Meetinghouse Bancorp, Inc. and its wholly-owned subsidiary, Meetinghouse Bank, and the Bank’s wholly-owned subsidiaries, Meetinghouse Securities Corporation, which was established solely for the purpose of acquiring and holding investments permissible for banks to hold under Massachusetts law; and Richmond Street Realty Trust, which was formed to manage the Bank’s investment in real estate. All significant intercompany accounts and transactions have been eliminated in the consolidation.


CASH AND CASH EQUIVALENTS	CASH AND CASH EQUIVALENTS:

	For purposes of reporting cash flows, cash and cash equivalents include cash on hand, cash items, due from banks, federal funds sold and interest-bearing demand deposits with other banks.

SECURITIES	SECURITIES:

	Investments in debt securities are adjusted for amortization of premiums and accretion of discounts computed utilizing the interest method. Gains or losses on sales of investment securities are computed on a specific identification basis.

	The Company classifies debt and equity securities into one of three categories: held-to-maturity, available-for-sale, or trading. These security classifications may be modified after acquisition only under certain specified conditions. In general, securities may be classified as held-to-maturity only if the Company has the positive intent and ability to hold them to maturity. Trading securities are defined as those bought and held principally for the purpose of selling them in the near term. All other securities must be classified as available-for-sale.

		·		Held-to-maturity securities are measured at amortized cost in the consolidated balance sheets. Unrealized holding gains and losses are not included in earnings or in a separate component of stockholders’ equity; they are merely disclosed in the notes to the consolidated financial statements.

		·		Available-for-sale securities are carried at fair value on the consolidated balance sheets. Unrealized holding gains and losses are not included in earnings, but are reported as a net amount (less expected tax) in a separate component of stockholders’ equity until realized.

		·		Trading securities are carried at fair value on the consolidated balance sheets. Unrealized holding gains and losses for trading securities are included in earnings.

	For any debt security with a fair value less than its amortized cost basis, the Company will determine whether it has the intent to sell the debt security or whether it is more likely than not it will be required to sell the debt security before the recovery of its amortized cost basis. If either condition is met, the Company will recognize a full impairment charge to earnings. For all other debt securities that are considered other-than-temporarily impaired and do not meet either condition, the credit loss portion of impairment will be recognized in earnings as realized losses. The other-than-temporary impairment related to all other factors will be recorded in other comprehensive income.

	Declines in marketable equity securities below their cost that are deemed other than temporary are reflected in earnings as realized losses.

	As a member of the Federal Home Loan Bank of Boston (FHLB), the Company is required to invest in $100 par value stock of the FHLB. The FHLB capital structure mandates that members must own stock as determined by their Total Stock Investment Requirement which is the sum of a member’s Membership Stock Investment Requirement and Activity-Based Stock Investment Requirement. The Membership Stock Investment Requirement is calculated as 0.35% of a member’s Stock Investment Base, subject to a minimum investment of $10,000 and a maximum investment of $25,000,000. The Stock Investment Base is an amount calculated based on certain assets held by a member that are reflected on call reports submitted to applicable regulatory authorities. The Activity-Based Stock Investment Requirement is calculated as 3.0% for overnight advances, 4.0% for FHLB advances with original terms to maturity of two days to three months and 4.5% for other advances plus a percentage of advance commitments, 0.5% of standby letters of credit issued by the FHLB and 4.5% of the value of intermediated derivative contracts. Management evaluates the Company’s investment in FHLB stock for other-than-temporary impairment at least on a quarterly basis and more frequently when economic or market conditions warrant such evaluation. Based on its most recent analysis of the FHLB as of September 30, 2014, management deems its investment in FHLB stock to be not other-than-temporarily impaired.

LOANS HELD-FOR-SALE	LOANS HELD-FOR-SALE:

	Loans held-for-sale are carried at the lower of cost or estimated market value in the aggregate. Net unrealized losses are recognized through a valuation allowance by charges to income.

LOANS	LOANS:

	Loans receivable that management has the intent and ability to hold until maturity or payoff are reported at their outstanding principal balances adjusted for amounts due to borrowers on unadvanced loans, any charge-offs, the allowance for loan losses and any deferred fees or costs on originated loans, or unamortized premiums or discounts on purchased loans.

	Interest on loans is recognized on a simple interest basis.

	Loan origination and commitment fees and certain direct origination costs are deferred, and the net amount amortized as an adjustment of the related loan’s yield. The Company is amortizing these amounts over the contractual lives of the related loans.

	Residential real estate loans are generally placed on nonaccrual when reaching 90 days past due or in process of foreclosure. All closed-end consumer loans 90 days or more past due and any equity line in the process of foreclosure are placed on nonaccrual status. Secured consumer loans are written down to realizable value and unsecured consumer loans are charged off upon reaching 120 or 180 days past due depending on the type of loan. Commercial real estate loans and commercial business loans and leases which are 90 days or more past due are placed on nonaccrual status, unless secured by sufficient cash or other assets immediately convertible to cash. When a loan has been placed on nonaccrual status, previously accrued and uncollected interest is reversed against interest on loans. A loan can be returned to accrual status when collectability of principal is reasonably assured and the loan has performed for a period of time, generally six months.

	Cash receipts of interest income on impaired loans are credited to principal to the extent necessary to eliminate doubt as to the collectability of the net carrying amount of the loan. Some or all of the cash receipts of interest income on impaired loans is recognized as interest income if the remaining net carrying amount of the loan is deemed to be fully collectible. When recognition of interest income on an impaired loan on a cash basis is appropriate, the amount of income that is recognized is limited to that which would have been accrued on the net carrying amount of the loan at the contractual interest rate. Any cash interest payments received in excess of the limit and not applied to reduce the net carrying amount of the loan are recorded as recoveries of charge-offs until the charge-offs are fully recovered.

ALLOWANCE FOR LOAN LOSSES	ALLOWANCE FOR LOAN LOSSES:

	The allowance for loan losses is established as losses are estimated to have occurred through a provision for loan losses charged to earnings. Loan losses are charged against the allowance when management believes the uncollectability of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance.

	The allowance for loan losses is evaluated on a regular basis by management and is based upon management’s periodic review of the collectability of the loans in light of historical experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower’s ability to repay, estimated value of any underlying collateral and prevailing economic conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available.

	General Component:

	The general component of the allowance for loan losses is based on historical loss experience adjusted for qualitative factors stratified by the following loan segments: owner and non-owner occupied residential real estate, home equity, multifamily, commercial real estate, construction, commercial and consumer. Management uses a rolling average of historical losses based on a time frame appropriate to capture relevant loss data for each loan segment. This historical loss factor is adjusted for the following qualitative factors: levels/trends in delinquencies; trends in volume and terms of loans; effects of changes in risk selection and underwriting standards and other changes in lending policies, procedures and practices; experience/ability/depth of lending management and staff; and national and local economic trends and conditions. There were no changes in the Company’s policies or methodology pertaining to the general component of the allowance for loan losses during fiscal year 2014.

	The qualitative factors are determined based on the various risk characteristics of each loan segment. Risk characteristics relevant to each portfolio segment are as follows:

	Residential real estate: Residential real estate includes owner and non-owner occupied real estate loans and home equity loans. The Company originates most of the loans in this segment according to FNMA/FHLMC underwriting guidelines. Most loans in this segment are collateralized by residential real estate and repayment is dependent on the credit quality of the individual borrower. The overall health of the economy, including unemployment rates and housing prices, will have an effect on the credit quality in this segment. There are some non-owner occupied residential real estate loans with multiple investment properties that are evaluated as commercial real estate property.

	Commercial real estate: Commercial real estate includes multi-family and certain non-owner occupied residential real estate. Loans in this segment are primarily income-producing properties throughout Massachusetts. The underlying cash flows generated by the properties are adversely impacted by a downturn in the economy as evidenced by increased vacancy rates, which, in turn, will have an effect on the credit quality in this segment. Management periodically obtains rent rolls and continually monitors the cash flows of these loans.

	Construction loans: Loans in this segment primarily include speculative real estate development loans for which payment is derived from sale of the property. Credit risk is affected by cost overruns, time to sell at an adequate price, and market conditions.

	Commercial loans: Loans in this segment are made to businesses and are generally secured by assets of the business. Repayment is expected from the cash flows of the business. A weakened economy, and resultant decreased consumer spending, will have an effect on the credit quality in this segment.

	Consumer loans: Loans in this segment are generally unsecured and repayment is dependent on the credit quality of the individual borrower.

	Allocated Component:

	The allocated component relates to loans that are classified as impaired. Impairment is measured on a loan by loan basis for commercial, commercial real estate and construction loans by either the present value of expected future cash flows discounted at the loan’s effective interest rate or the fair value of the collateral if the loan is collateral dependent. An allowance is established when the discounted cash flows (or collateral value) of the impaired loan are lower than the carrying value of that loan. Large groups of smaller balance homogeneous loans are collectively evaluated for impairment. Accordingly, the Company does not separately identify individual consumer and residential real estate loans for impairment disclosures, unless such loans are subject to a troubled debt restructuring agreement.

	A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record, and the amount of the shortfall in relation to the principal and interest owed.

	The Company periodically may agree to modify the contractual terms of loans. When a loan is modified and a concession is made to a borrower experiencing financial difficulty, the modification is considered a troubled debt restructuring (“TDR”). All TDRs are classified as impaired.

	Unallocated Component:

	An unallocated component is maintained to cover uncertainties that could affect management’s estimate of probable losses. The unallocated component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating allocated and general reserves in the portfolio.

SERVICING	SERVICING:

	Servicing assets are recognized as separate assets when rights are acquired through purchase or through sale of financial assets. Capitalized servicing rights are reported in other assets and are amortized into noninterest income in proportion to, and over the period of, the estimated future net servicing income of the underlying financial assets. Servicing assets are evaluated for impairment based upon the fair value of the rights as compared to amortized cost. Impairment is determined by stratifying rights by predominant characteristics such as interest rates and terms. Fair value is determined using prices for similar assets with similar characteristics, when available, or based upon discounted cash flows using market-based assumptions. Impairment is recognized through a valuation allowance for an individual stratum, to the extent that fair value is less than the capitalized amount for the stratum.

PREMISES AND EQUIPMENT	PREMISES AND EQUIPMENT:

	Premises and equipment are stated at cost, less accumulated depreciation and amortization. Cost and related allowances for depreciation and amortization of premises and equipment retired or otherwise disposed of are removed from the respective accounts with any gain or loss included in income or expense. Depreciation and amortization are calculated principally on a straight-line basis over the estimated useful lives of the assets.

INVESTMENT IN REAL ESTATE
	INVESTMENT IN REAL ESTATE:

	Investment in real estate is carried at the lower of cost or estimated fair value and includes a building and land located adjacent to the Bank’s parking lot in Dorchester, Massachusetts as well as property formerly held in other real estate owned. Lease income is included in other income and expenses for maintaining these assets are included in other expense. The buildings are being depreciated over their estimated useful lives.

OTHER REAL ESTATE OWNED AND IN-SUBSTANCE FORECLOSURES	OTHER REAL ESTATE OWNED AND IN-SUBSTANCE FORECLOSURES:

	Other real estate owned includes properties acquired through foreclosure and properties classified as in-substance foreclosures in accordance with ASC 310-40, “Receivables-Troubled Debt Restructuring by Creditors.” These properties are initially carried at estimated fair value, less estimated selling costs. Any writedown from cost to estimated fair value required at the time of foreclosure or classification as in-substance foreclosure is charged to the allowance for loan losses. Expenses incurred in connection with maintaining these assets, subsequent writedowns and gains or losses recognized upon sale are included in other expense.

	In accordance with ASC 310-10-35, “Receivables-Overall-Subsequent Measurement,” the Company classifies loans as in-substance repossessed or foreclosed if the Company receives physical possession of the debtor’s assets regardless of whether formal foreclosure proceedings take place.

	As of September 30, 2014 and 2013, the Company had no other real estate owned or in-substance foreclosure assets.

ADVERTISING	ADVERTISING:

	The Company directly expenses costs associated with advertising as they are incurred.

INCOME TAXES	INCOME TAXES:

	The Company recognizes income taxes under the asset and liability method. Under this method, deferred tax assets and liabilities are established for the temporary differences between the accounting basis and the tax basis of the Company’s assets and liabilities at enacted tax rates expected to be in effect when the amounts related to such temporary differences are realized or settled.

EARNINGS (LOSS) PER SHARE (EPS)
	EARNINGS (LOSS)PER SHARE (EPS):

	Basic EPS is computed by dividing income available to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that then shared in the earnings of the entity. Because the formation of the Company was completed on November 19, 2012, loss per share data is not meaningful for the year ended September 30, 2013 and is therefore not presented. Unallocated common shares held by the ESOP and unvested restricted stock awards are shown as a reduction in stockholders’ equity and are not included in the weighted-average number of common shares outstanding for either basic or diluted loss per share calculations.

	Basic and diluted loss per share have been computed based on the following for the year ended September 30, 2014:

			(Dollars in thousands)

	Net loss applicable to common stock		$	(144	)

	Average number of common shares issued		663,432
	Less: average unallocated ESOP shares		(40,066		)
	Less: average unvested restricted stock awards		(2,182		)
	Average number of common shares outstanding used to calculate basic and diluted loss per share		621,184

	Basic loss per share		$	(0.23	)
	Diluted loss per share		$	(0.23	)

	At September 30, 2014, there were 18,519 shares of unvested restricted stock not included in the computation of diluted loss per share because to do so would have been antidilutive.

FAIR VALUES OF FINANCIAL INSTRUMENTS
	FAIR VALUES OF FINANCIAL INSTRUMENTS:

	ASC 825, “Financial Instruments,” requires that the Company disclose estimated fair value for its financial instruments. Fair value methods and assumptions used by the Company in estimating its fair value disclosures are as follows:

	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 with other banks: Fair values of interest-bearing time deposits with other banks are estimated using discounted cash flow analyses based on current rates for similar types of deposits.

	Securities: Fair values for securities are based on quoted market prices, where available. If quoted market prices are not available, fair values are based on quoted market prices of comparable instruments.

	Loans held-for-sale: Fair values of loans held-for-sale are estimated based on outstanding investor commitments or, in the absence of such commitments, are based on current investor yield requirements.

	Loans receivable: For variable-rate loans that reprice frequently and with no significant change in credit risk, fair values are based on carrying values. The fair values for other loans are estimated using discounted cash flow analyses, using interest rates currently being offered for loans with similar terms to borrowers of similar credit quality.

	Accrued interest receivable: The carrying amounts of accrued interest receivable approximate their fair values.

	Deposit liabilities: The fair values disclosed for demand deposits (e.g., interest and non-interest checking, passbook savings and money market accounts) are, by definition, equal to the amount payable on demand at the reporting date (i.e., their carrying amounts). Fair values for fixed-rate certificate accounts 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 certificate accounts.

	Federal Home Loan Bank advances: Fair values for Federal Home Loan Bank of Boston (FHLB) 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 FHLB advances.

	Off-balance sheet instruments: The fair value of commitments to originate loans is estimated using the fees currently charged to enter similar agreements, taking into account the remaining terms of the agreements and the present creditworthiness of the counterparties. For fixed-rate loan commitments and the unadvanced portion of loans, fair value also considers the difference between current levels of interest rates and the committed rates. The fair value of letters of credit is based on fees currently charged for similar agreements or on the estimated cost to terminate them or otherwise settle the obligation with the counterparties at the reporting date.

SHARE-BASED COMPENSATION PLAN
	SHARE-BASED COMPENSATION PLAN:

	The Company measures and recognizes compensation cost relating to share-based payment transactions based on the grant-date fair value of the equity instruments issued. Share-based compensation is recognized over the period the employee is required to provide service for the award. Reductions in compensation expense associated with forfeited options are estimated at the date of grant, and this estimated forfeiture rate is adjusted quarterly based on actual forfeiture experience. The Company uses the Black-Scholes option-pricing model to determine the fair value of stock options granted. See Note 12.

EMPLOYEE STOCK OWNERSHIP PLAN
	EMPLOYEE STOCK OWNERSHIP PLAN:

	The Company established an Employee Stock Ownership Plan (ESOP) as part of its stock issuance on November 19, 2012. The ESOP is accounted for in accordance with ASC 718-40, “Compensation — Stock Compensation — Employee Stock Ownership Plan.” Under ASC 718-40, unearned ESOP shares are not considered outstanding and are therefore not taken into account when computing earnings per share. Unearned ESOP shares are presented as a reduction to stockholders’ equity and represent shares to be allocated to ESOP participants in future periods for services provided by the Company. As shares are committed to be released, compensation expense is recognized for the fair market value of the stock and stockholders’ equity is increased by a corresponding amount. The loan to the ESOP will be repaid principally from the Bank’s contributions to the ESOP over a period of 6.1 years. See Note 11.


RECENT ACCOUNTING PRONOUNCEMENTS	RECENT ACCOUNTING PRONOUNCEMENTS:

	In January 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (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. The new guidance is effective within annual periods beginning on or after December 15, 2014, and interim periods within those years. The adoption of this guidance is not expected to have a material impact on the Company’s consolidated financial statements.

	In May 2014, the FASB issued ASU 2014-09, “Revenue from Contracts with Customers (Topic 606).” The objective of this ASU is 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. The amendments in this update are effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Early application is not permitted. The Company is currently reviewing this ASU to determine if it will have an impact on 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 the first interim or annual period beginning after December 15, 2014. An entity is required to present changes in accounting for transactions outstanding on the effective date as a cumulative-effect adjustment to retained earnings as of the beginning of the period of adoption. Earlier application for a public business entity is prohibited. The Company anticipates that the adoption of this ASU will not have a material impact on its consolidated 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 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 anticipates that the adoption of this ASU will not have a material impact on its consolidated financial statements.

	In August 2014, the FASB issued ASU 2014-13, “Consolidation (Topic 810): Measuring the Financial Assets and the Financial Liabilities of a Consolidated Collateralized Financing Entity.” This ASU applies to entities that meet the following criteria:

		1		they are required to consolidate a collateralized entity under the Variable Interest Entities guidance;
		2		they measure all of the financial assets and the financial liabilities of that consolidated collateralized financing entity at fair value in the consolidated financial statements based on other FASB rules; and
		3		those changes in fair value are reflected in earnings.

	Under ASU 2014-13, entities that meet these criteria are provided an alternative under which they can choose to eliminate the difference between the fair value of financial assets and financial liabilities of a consolidated collateralized financing entity. If that alternative is not elected, then ASU 2014-13 indicates that the fair value of the financial assets and the fair value of the financial liabilities of the consolidated collateralized financing entity should be measured in accordance with ASC 820, “Fair Value Measurement,” and differences between the fair value of the financial assets and the financial liabilities of that consolidated collateralized financing entity should be reflected in earnings and attributed to the reporting entity in the consolidated statement of income or loss. The amendments in this ASU are effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2015. Early adoption is permitted as of the beginning of an annual period. The Company anticipates that the adoption of this ASU will not have a material impact on its consolidated financial statements.

	In August 2014, the FASB issued ASU 2014-14, “Receivables - Troubled Debt Restructurings by Creditors (Subtopic 310-40): Classification of Certain Government - Guaranteed Mortgage Loans upon Foreclosure.” The amendments in this ASU require that a mortgage loan be derecognized and that a separate other receivable be recognized upon foreclosure if the following conditions are met:

		1		the loan has a government guarantee that is not separable from the loan before foreclosure;
		2		at the time of foreclosure, the creditor has the intent to convey the real estate property to the guarantor and make a claim on the guarantee, and the creditor has the ability to recover under that claim; and
		3		at the time of foreclosure, any amount of the claim that is determined on the basis of the fair value of the real estate is fixed.

	Upon foreclosure, the separate other receivable should be measured based on the amount of the loan balance (principal and interest) expected to be recovered from the guarantor. The amendments in this ASU are effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2014. The Company anticipates that the adoption of this ASU will not have a material impact on its consolidated financial statements.

	In August 2014, the FASB issued ASU 2014-15, “Presentation of Financial Statements — Going Concern (Subtopic 205-40).” The amendments in this ASU provide guidance about management’s responsibility to evaluate whether there is substantial doubt about an entity’s ability to continue as a going concern or to provide related footnote disclosures. The amendments require management to assess an entity’s ability to continue as a going concern by incorporating and expanding upon certain principles that are currently in U.S. auditing standards. Specifically, the amendments (1) provide a definition of the term substantial doubt, (2) require an evaluation every reporting period including interim periods, (3) provide principles for considering the mitigating effect of management’s plans, (4) require certain disclosures when substantial doubt is alleviated as a result of consideration of management’s plans, (5) require an express statement and other disclosures when substantial doubt is not alleviated, and (6) require an assessment for a period of one year after the date that the financial statements are issued (or available to be issued). The amendments in this ASU apply to all entities and are effective for the annual period ending after December 15, 2016, and for annual periods and interim periods thereafter. Early application is permitted. The adoption of this guidance is not expected to have an impact on the Company’s results of operations or financial position.

	In August 2014, the FASB issued ASU 2014-16, “Derivatives and Hedging (Topic 815).” The objective of this ASU is to eliminate the use of different methods in practice and thereby reduce existing diversity under GAAP in the accounting for hybrid financial instruments issued in the form of a share. The amendments in this ASU apply to all entities that are issuers of, or investors in, hybrid financial instruments that are issued in the form of a share. The amendments in this ASU do not change the current criteria in GAAP for determining when separation of certain embedded derivative features in a hybrid financial instrument is required. The amendments clarify how current GAAP should be interpreted in evaluating the economic characteristics and risks of a host contract in a hybrid financial instrument that is issued in the form of a share. Specifically, the amendments clarify that an entity should consider all relevant terms and features, including the embedded derivative feature being evaluated for bifurcation, in evaluating the nature of the host contract. Furthermore, the amendments clarify that no single term or feature would necessarily determine the economic characteristics and risks of the host contract. Rather, the nature of the host contract depends upon the economic characteristics and risks of the entire hybrid financial instrument. In addition, the amendments in this ASU clarify that, in evaluating the nature of a host contract, an entity should assess the substance of the relevant terms and features when considering how to weight those terms and features. Specifically, the assessment of the substance of the relevant terms and features should incorporate a consideration of (1) the characteristics of the terms and features themselves, (2) the circumstances under which the hybrid financial instrument was issued or acquired, and (3) the potential outcomes of the hybrid financial instrument, as well as the likelihood of those potential outcomes. The amendments in this ASU are effective for public entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2014. Early adoption is permitted. The adoption of this guidance is not expected to have an impact on the Company’s results of operations or financial position.

	In November 2014, the FASB issued ASU 2014-17, “Business Combinations (Topic 805): Pushdown Accounting.” The amendments in this ASU provide guidance on whether and at what threshold an acquired entity that is a business or nonprofit activity may elect to apply pushdown accounting in its separate financial statements upon a change-in-control event in which an acquirer obtains control of the acquired entity. The amendments in this ASU are effective on November 18, 2014. After the effective date, an acquired entity can make an election to apply the guidance to future change-in-control events or to its most recent change-in-control event. However, if the financial statements for the period in which the most recent change-in-control event occurred already have been issued or made available to be issued, the application of this guidance would be a change in accounting principle. The Company anticipates that the adoption of this ASU will not have an impact on the Company’s results of operations or financial position.

ACCOUNTING_POLICIES_Tables

ACCOUNTING POLICIES (Tables)	12 Months Ended
ACCOUNTING POLICIES (Tables)	Sep. 30, 2014
PREMISES AND EQUIPMENT
Schedule of basic and diluted earnings per share calculation	Basic and diluted loss per share have been computed based on the following for the year ended September 30, 2014:
		(Dollars in thousands)

	Net loss applicable to common stock	$	(144	)

	Average number of common shares issued	663,432
	Less: average unallocated ESOP shares	(40,066		)
	Less: average unvested restricted stock awards	(2,182		)
	Average number of common shares outstanding used to calculate basic and diluted loss per share	621,184

	Basic loss per share	$	(0.23	)
	Diluted loss per share	$	(0.23	)

INVESTMENTS_IN_AVAILABLEFORSAL1

INVESTMENTS IN AVAILABLE-FOR-SALE SECURITIES (Tables)	12 Months Ended
INVESTMENTS IN AVAILABLE-FOR-SALE SECURITIES (Tables)	Sep. 30, 2014
INVESTMENTS IN AVAILABLE-FOR-SALE SECURITIES
Schedule of amortized cost and approximate fair values of debt securities available-for-sale, with gross unrealized gains and losses		Amortized		Gross		Gross
		Cost		Unrealized		Unrealized		Fair
		Basis		Gains		Losses		Value
	September 30, 2014:
	U.S. Government and federal agency obligations	$	3,403	$	10	$	28	$	3,385
	Taxable municipal securities	301		—		2		299
	Asset-backed securities	911		5		—		916
	Mortgage-backed securities	11,913		158		33		12,038
		$	16,528	$	173	$	63	$	16,638

	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 fair value of debt available-for-sale securities by contractual maturity	The fair value of debt securities by contractual maturity at September 30, 2014 is as follows:

										Amortized				Fair
										Cost Basis				Value
	Due within one year									$	—			$	—
	Due after one year through five years									749				744
	Due after five years through ten years									2,955				2,940
	Due after ten years									—				—
	Asset-backed securities									911				916
	Mortgage-backed securities									11,913				12,038
										$	16,528			$	16,638


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		Less than 12 Months				12 Months or Longer				Total
		Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
		Value		Losses		Value		Losses		Value		Losses
	September 30, 2014:
	U.S. Government and federal agency obligations	$	1,445	$	22	$	744	$	6	$	2,189	$	28
	Taxable municipal securities	299		2		—		—		299		2
	Mortgage-backed securities	3,254		20		734		13		3,988		33
	Total temporarily impaired securities	$	4,998	$	44	$	1,478	$	19	$	6,476	$	63

	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)	12 Months Ended
LOANS (Tables)	Sep. 30, 2014
LOANS
Schedule of loans		2014			2013
		(In thousands)
	Real estate loans:
	Residential	$	48,654		$	38,630
	Commercial	12,473			9,023
	Construction	1,736			824
	Multi-family	2,837			1,712
	Total real estate	65,700			50,189

	Commercial	2,940			1,862

	Consumer loans:
	Home equity	6,989			5,179
	Other	1,339			762
	Total consumer	8,328			5,941

		76,968			57,992
	Allowance for loan losses	(506		)	(435		)
	Deferred loan costs, net	553			382
	Net loans	$	77,015		$	57,939


Schedule of allowance for loan losses by portfolio segment
		Real Estate														Consumer
		1-4 Family			1-4 Family
		Owner			Non-Owner
	(In thousands)	Occupied			Occupied			Commercial		Construction		Multi-family		Commercial		Home Equity			Other			Total

	September 30, 2014
	Allowance for loan losses:
	Beginning balance	$	178		$	75		$	81	$	8	$	17	$	16	$	31		$	29		$	435
	Charge-offs	—			—			—		—		—		—		—			—			—
	Recoveries	—			—			—		—		—		—		—			2			2
	(Benefit) provision	(13		)	26			5		9		11		9		10			12			69
	Ending balance	$	165		$	101		$	86	$	17	$	28	$	25	$	41		$	43		$	506

	Allowance for loan losses:
	Ending balance:
	Individually evaluated for impairment	$	—		$	—		$	—	$	—	$	—	$	—	$	—		$	—		$	—
	Ending balance:
	Collectively evaluated for impairment	165			101			86		17		28		25		41			43			506
	Total allowance for loan losses ending balance	$	165		$	101		$	86	$	17	$	28	$	25	$	41		$	43		$	506

	Loans:
	Ending balance:
	Individually evaluated for impairment	$	—		$	—		$	—	$	—	$	—	$	—	$	—		$	—		$	—
	Ending balance:
	Collectively evaluated for impairment	33,179			15,475			12,473		1,736		2,837		2,940		6,989			1,339			76,968
	Total loans ending balance	$	33,179		$	15,475		$	12,473	$	1,736	$	2,837	$	2,940	$	6,989		$	1,339		$	76,968

	September 30, 2013:

		Real Estate														Consumer
		1-4 Family			1-4 Family
		Owner			Non-Owner
	(In thousands)	Occupied			Occupied			Commercial		Construction		Multi-family		Commercial		Home Equity			Other			Total

	September 30, 2013:
	Allowance for loan losses:
	Beginning balance	$	135		$	55		$	67	$	3	$	12	$	14	$	33		$	15		$	334
	Charge-offs	—			—			—		—		—		—		—			(3		)	(3		)
	Recoveries	—			—			—		—		—		—		—			—			—
	Provision (benefit)	43			20			14		5		5		2		(2		)	17			104
	Ending balance	$	178		$	75		$	81	$	8	$	17	$	16	$	31		$	29		$	435

	Allowance for loan losses:
	Ending balance:
	Individually evaluated for impairment	$	—		$	—		$	—	$	—	$	—	$	—	$	—		$	—		$	—
	Ending balance:
	Collectively evaluated for impairment	178			75			81		8		17		16		31			29			435
	Total allowance for loan losses ending balance	$	178		$	75		$	81	$	8	$	17	$	16	$	31		$	29		$	435

	Loans:
	Ending balance:
	Individually evaluated for impairment	$	—		$	—		$	—	$	—	$	—	$	—	$	—		$	—		$	—
	Ending balance:
	Collectively evaluated for impairment	27,155			11,475			9,023		824		1,712		1,862		5,179			762			57,992
	Total loans ending balance	$	27,155		$	11,475		$	9,023	$	824	$	1,712	$	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
	September 30, 2014:
	Real estate:
	Residential	$	386		$	34		$	—	$	420	$	48,234	$	48,654	$	—		$	—
	Commercial	—			—			—		—		12,473		12,473		—			—
	Construction	—			—			—		—		1,736		1,736		—			—
	Multi-family	—			191			—		191		2,646		2,837		—			—
	Commercial	—			—			—		—		2,940		2,940		—			—
	Home equity	216			—			—		216		6,773		6,989		—			20
	Other consumer	—			8			—		8		1,331		1,339		—			—
	Total	$	602		$	233		$	—	$	835	$	76,133	$	76,968	$	—		$	20

								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			Commercial			Construction		Multi-family		Commercial		Home Equity		Other			Total
	September 30, 2014:
	Grade:
	Pass	$	—		$	12,473		$	1,736	$	2,837	$	2,761	$	—	$	—		$	19,807
	Special mention	225			—			—		—		179		28		—			432
	Substandard	—			—			—		—		—		20		—			20
	Not formally rated	48,429			—			—		—		—		6,941		1,339			56,709
	Total	$	48,654		$	12,473		$	1,736	$	2,837	$	2,940	$	6,989	$	1,339		$	76,968

		Real Estate												Consumer
	(In thousands)	Residential			Commercial			Construction		Multi-family		Commercial		Home Equity		Other			Total
	September 30, 2013:
	Grade:
	Pass	$	—		$	8,259		$	824	$	1,712	$	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		$	9,023		$	824	$	1,712	$	1,862	$	5,179	$	762		$	57,992


Schedule of changes in valuation allowance for mortgage servicing rights	Following is an analysis of the aggregate changes in the valuation allowance for mortgage servicing rights for the years ended September 30:

		2014			2013
		(In Thousands)
	Beginning balance	$	9		$	4
	Additions	—			9
	Reductions	(7		)	(4		)
	Ending balance	$	2		$	9

PREMISES_AND_EQUIPMENT_Tables

PREMISES AND EQUIPMENT (Tables)	12 Months Ended
	Sep. 30, 2014
PREMISES AND EQUIPMENT
Summary of premises and equipment		2014			2013
		(In Thousands)
	Land	$	229		$	229
	Building and improvements	1,643			1,638
	Furniture, fixtures and equipment	629			608
		2,501			2,475
	Accumulated depreciation and amortization	(729		)	(610		)
		$	1,772		$	1,865

INVESTMENT_IN_REAL_ESTATE_Tabl

INVESTMENT IN REAL ESTATE (Tables)	12 Months Ended
	Sep. 30, 2014
INVESTMENT IN REAL ESTATE
Schedule of investment in real estate		2014			2013
		(In Thousands)
	Land	$	311		$	311
	Building	824			665
		1,135			976
	Accumulated depreciation and amortization	(45		)	(24		)
		$	1,090		$	952

DEPOSITS_Tables

DEPOSITS (Tables)	12 Months Ended
	Sep. 30, 2014
DEPOSITS
Schedule of maturity of time deposits
	For time deposits as of September 30, 2014, the scheduled maturities for each of the following years ended September 30, are:
		(In Thousands)
	2015	$	27,993
	2016	11,272
	2017	10,613
		$	49,878

FEDERAL_HOME_LOAN_BANK_ADVANCE1

FEDERAL HOME LOAN BANK ADVANCES (Tables)	12 Months Ended
	Sep. 30, 2014
FEDERAL HOME LOAN BANK ADVANCES
Maturities of advances from the FHLB	Maturities of advances from the FHLB for the years ending after September 30, 2014 are summarized as follows:
		(In Thousands)
	2015	$	6,573
	2016	580
	2017	559
	2018	254
	2019	2,987
		$	10,953

INCOME_TAXES_Tables

INCOME TAXES (Tables)	12 Months Ended
INCOME TAXES (Tables)	Sep. 30, 2014
INCOME TAXES
Schedule of components of income tax (benefit) expense		2014			2013
		(In Thousands)
	Current:
	Federal	$	—		$	(23	)
	State	3			(3		)
		3			(26		)

	Deferred:
	Federal	(61		)	(10		)
	State	(5		)	(3		)
		(66		)	(13		)
	Total income tax benefit	$	(63	)	$	(39	)


Schedule of reasons for the differences between the statutory federal income tax rate and the effective tax rates		2014		2013
		% of		% of
		Income		Income
	Federal income tax statutory rate	(34.0	)%	(34.0	)%
	Increase in tax resulting from:
	Other	4.4		3.6
	State tax, net of federal tax benefit	(0.8	)	(3.2	)
	Effective tax rates	(30.4	)%	(33.6	)%


Schedule of gross deferred tax assets and gross deferred tax liabilities		2014			2013
		(In Thousands)
	Deferred tax assets:
	Allowance for loan losses	$	38		$	10
	Alternative minimum tax	20			20
	Net operating loss carryovers	54			10
	Charitable contribution carryover	13			10
	Deferred ESOP expense	27			29
	Restricted stock awards	5			—
	Gross deferred tax assets	157			79

	Deferred tax liabilities:
	Mortgage servicing rights	(115		)	(96		)
	Net unrealized holding gain on available-for-sale securities	(43		)	(26		)
	Depreciation	(57		)	(64		)
	Gross deferred tax liabilities	(215		)	(186		)
	Net deferred tax liability	$	(58	)	$	(107	)

EMPLOYEE_STOCK_OWNERSHIP_PLAN_1

EMPLOYEE STOCK OWNERSHIP PLAN (''ESOP'') (Tables)	12 Months Ended
EMPLOYEE STOCK OWNERSHIP PLAN (''ESOP'') (Tables)	Sep. 30, 2014
EMPLOYEE STOCK OWNERSHIP PLAN ("ESOP")
Schedule of remaining principal balance on the ESOP debt	Years Ending
	September 30,	Amount
		(In Thousands)

	2015	$	77
	2016	79
	2017	82
	2018	84
	2019	87
		$	409


Schedule of shares held by the ESOP		2014		2013

	Allocated	8,124		492
	Unallocated	38,163		45,795
	Shares held by ESOP	46,287		46,287

FINANCIAL_INSTRUMENTS_Tables

FINANCIAL INSTRUMENTS (Tables)	12 Months Ended
FINANCIAL INSTRUMENTS (Tables)	Sep. 30, 2014
FINANCIAL INSTRUMENTS
Schedule of notional amounts of financial instrument liabilities with off-balance sheet credit risk

		2014		2013
		(In Thousands)
	Commitments to originate loans	$	1,114	$	1,880
	Unadvanced funds on lines of credit	5,259		2,803
	Unadvanced funds on construction loans	527		307
	Standby letters of credit	149		149
		$	7,049	$	5,139

COMMITMENTS_AND_CONTINGENT_LIA1

COMMITMENTS AND CONTINGENT LIABILITIES (Tables)	12 Months Ended
	Sep. 30, 2014
COMMITMENTS AND CONTINGENT LIABILITIES
Schedule of future minimum rental payments under the terms of a non-cancellable lease agreement	Pursuant to the terms of a non-cancellable lease agreement in effect at September 30, 2014 pertaining to a branch facility, future minimum rental payments are as follows for the years ended September 30:
		(In Thousands)
	2015	$	55
	2016	56
	2017	57
	2018	19
	Total	$	187

FAIR_VALUE_MEASUREMENTS_Tables

FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	Sep. 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
	September 30, 2014:
	Securities available-for-sale:
	U.S. Government and federal agency obligations	$	3,385	$	—	$	3,385	$	—
	Taxable municipal securities	299		—		299		—
	Asset-backed securities	916		—		916		—
	Mortgage-backed securities	12,038		—		12,038		—
		$	16,638	$	—	$	16,638	$	—

	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		September 30, 2014
		Carrying		Fair Value
		Amount		Level 1		Level 2		Level 3		Total
		(In Thousands)
	Financial assets:
	Cash and cash equivalents	$	5,938	$	5,938	$	—	$	—	$	5,938
	Interest-bearing time deposits in other banks	1,985		—		—		1,986		1,986
	Available-for-sale securities	16,638		—		16,638		—		16,638
	Federal Home Loan Bank stock	754		754		—		—		754
	Loans held-for-sale	2,727		2,753		—		—		2,753
	Loans, net	77,015		—		—		77,749		77,749
	Accrued interest receivable	273		273		—		—		273

	Financial liabilities:
	Deposits	87,483		—		—		87,769		87,769
	Federal Home Loan Bank advances	10,953		—		—		10,933		10,933

		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

OTHER_COMPREHENSIVE_INCOME_LOS1

OTHER COMPREHENSIVE INCOME LOSS (Tables)	12 Months Ended
OTHER COMPREHENSIVE INCOME LOSS (Tables)	Sep. 30, 2014
OTHER COMPREHENSIVE INCOME (LOSS)
Schedule of the components of other comprehensive income (loss), included in stockholders' equity
		2014			2013
		(In Thousands)
	Unrealized gains (losses) on securities
	Net unrealized holding gain (loss) on available-for-sale securities	$	46		$	(201	)
	Reclassification adjustment for realized (gains) losses in net income	—			—
		46			(201		)
	Income tax (expense) benefit	(17		)	77
	Other comprehensive income (loss), net of tax	$	29		$	(124	)


Schedule of the components of accumulated other comprehensive income, included in stockholders' equity
		2014			2013
		(In Thousands)
	Net unrealized gain on securities available-for-sale, net of tax	$	67		$	38
	Total accumulated other comprehensive income	$	67		$	38

REGULATORY_CAPITAL_Tables

REGULATORY CAPITAL (Tables)	12 Months Ended
REGULATORY CAPITAL (Tables)	Sep. 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 September 30, 2014
	Total Capital (to Risk Weighted Assets)	$	8,172	13.3	%	$	4,901	8.0	%	$	6,126	10.0	%
	Tier 1 Capital (to Risk Weighted Assets)	7,667		12.5		2,451		4.0		3,676		6.0
	Tier 1 Capital (to Average Assets)	7,667		8.1		3,787		4.0		4,733		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

CONDENSED_PARENT_COMPANY_ONLY_1

CONDENSED PARENT COMPANY ONLY FINANCIAL STATEMENTS (Tables)	12 Months Ended
	Sep. 30, 2014
CONDENSED PARENT COMPANY ONLY FINANCIAL STATEMENTS
Schedule of condensed balance sheet
	CONDENSED BALANCE SHEETS
	(In Thousands)

		2014			2013

	ASSETS
	Cash and due from banks	$	721		$	1,738
	Interest-bearing time deposits in other banks	1,489			496
	Investment in Meetinghouse Bank	7,756			7,620
	Loan to ESOP	409			483
	Net deferred tax asset	55			10
	Accrued interest receivable	14			12
	Other assets	19			28
	Total assets	$	10,463		$	10,387

	LIABILITIES AND STOCKHOLDERS’ EQUITY
	Other liabilities	$	13		$	—
	Total liabilities	13			—
	Stockholders’ equity	10,450			10,387
	Total liabilities and stockholders’ equity	$	10,463		$	10,387


Schedule of condensed statement of operation
	CONDENSED STATEMENTS OF OPERATIONS
	(In Thousands)

	Interest income on ESOP loan	$	14		$	13
	Interest income on time deposits in other banks	9			1
	Total interest income	23			14
	Compensation expense - restricted stock awards	13			—
	Director fees	6			7
	Professional fees	112			80
	Other expenses	23			16
	Total other expenses	154			103
	Loss before undistributed loss of subsidiary	(131		)	(89		)
	Equity in undistributed loss of subsidiary	(58		)	(18		)
	Loss before income taxes	(189		)	(107		)
	Income tax benefit	(45		)	(30		)
	Net loss	$	(144	)	$	(77	)


Schedule of condensed statement of cash flows
	CONDENSED STATEMENTS OF CASH FLOWS
	(In Thousands)

		2014			2013

	Cash flows from operating activities:
	Net loss	$	(144	)	$	(77	)
	Increase in accrued interest receivable	(2		)	(12		)
	Deferred tax benefit	(45		)	(10		)
	Decrease (increase) in income taxes receivable	1			(20		)
	Increase in other liabilities	13			—
	Decrease (increase) in other assets	8			(8		)
	Compensation expense - restricted stock awards	13			—
	Equity in undistributed loss of subsidiary	58			18

	Net cash used in operating activities	(98		)	(109		)

	Cash flows from investing activities:
	Purchases of interest-bearing time deposits in other banks	(993		)	(496		)
	ESOP loan	—			(487		)
	Principal payments received on ESOP loan	74			4
	Investment in subsidiary, Meetinghouse Bank	—			(2,826		)

	Net cash used in investing activities	(919		)	(3,805		)

	Cash flows from financing activities:
	Proceeds from common stock offering	—			6,613
	Costs of common stock offering	—			(961		)

	Net cash provided by financing activities	—			5,652

	Net (decrease) increase in cash	(1,017		)	1,738
	Cash, beginning of year	1,738			—
	Cash, end of year	$	721		$	1,738

QUARTERLY_RESULTS_OF_OPERATION1

QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) (Tables)	12 Months Ended
	Sep. 30, 2014
QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)
Schedule of quarterly results of operations (unaudited)		Year Ended September 30,
		2014
		First			Second			Third			Fourth
		Quarter			Quarter			Quarter			Quarter
		(In Thousands)

	Interest and dividend income	$	716		$	775		$	834		$	957
	Interest expense	136			142			152			187
	Net interest and dividend income	580			633			682			770
	(Benefit) provision for loan losses	(11		)	(10		)	40			50
	Net interest and dividend income, after (benefit) provision for loan losses	591			643			642			720
	Total noninterest income	132			172			166			426
	Total noninterest expense	837			811			930			1,121
	(Loss) income before income taxes	(114		)	4			(122		)	25
	(Benefit) provision for income taxes	(47		)	9			(42		)	17
	Net (loss) income	$	(67	)	$	(5	)	$	(80	)	$	8

		Year Ended September 30,
		2013
		First			Second			Third			Fourth
		Quarter			Quarter			Quarter			Quarter
		(In Thousands)

	Interest and dividend income	$	619		$	663		$	670		$	675
	Interest expense	133			132			131			131
	Net interest and dividend income	486			531			539			544
	Provision for loan losses	4			41			27			32
	Net interest and dividend income, after provision for loan losses	482			490			512			512
	Total noninterest income	355			352			276			246
	Total noninterest expense	784			795			909			853
	Income (loss) before income taxes	53			47			(121		)	(95		)
	Provision (benefit) for income taxes	19			13			(49		)	(22		)
	Net income (loss)	$	34		$	34		$	(72	)	$	(73	)

NATURE_OF_OPERATIONS_Details

NATURE OF OPERATIONS (Details) (USD $)	0 Months Ended	1 Months Ended
NATURE OF OPERATIONS (Details) (USD $)	Nov. 19, 2012	Dec. 31, 2012	Sep. 30, 2014	Sep. 30, 2013
Employee stock ownership plan
Number of shares of common stock sold	661,250		679,769	661,250
Issue price of common stock (in dollars per share)	$10
Offering cost			$961,000
ESOP
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

ACCOUNTING_POLICIES_Details

ACCOUNTING POLICIES (Details) (USD $)	12 Months Ended
ACCOUNTING POLICIES (Details) (USD $)	Sep. 30, 2014
SECURITIES
Par value of stock (in dollars per share)	$100
Percentage of member's stock investment base used in the calculation of membership stock investment requirement	0.35%
Percentage of overnight advances used in calculation of activity-based stock investment requirement	3.00%
Percentage of FHLB advances used in calculation of activity-based stock investment requirement	4.00%
Percentage of other advances used in calculation of activity-based stock investment requirement	4.50%
Percentage of standby letters of credit issued by the FHLB used in calculation of activity-based stock investment requirement	0.50%
Percentage of value of intermediated derivative contracts used in the calculation of activity-based stock investment requirement	4.50%
Minimum
SECURITIES
Investment amount	$10,000
Original terms to maturity of FHLB advances used in calculation of activity-based stock investment requirement	2 days
Maximum
SECURITIES
Investment amount	$25,000,000
Original terms to maturity of FHLB advances used in calculation of activity-based stock investment requirement	3 months

ACCOUNTING_POLICIES_Details_2

ACCOUNTING POLICIES (Details 2)	12 Months Ended
ACCOUNTING POLICIES (Details 2)	Sep. 30, 2014
Loans
Required performing period of loan to reclassify the receivable to accrual status	6 months
EMPLOYEE STOCK OWNERSHIP PLAN
Term of ESOP loan	6 years 1 month 6 days
Residential real estate loans
Loans
Number of days past due to place the receivable on non-accrual status	90 days
Closed-end consumer loans \| Minimum
Loans
Number of days past due to place the receivable on non-accrual status	90 days
Unsecured consumer loans \| Minimum
Loans
Number of days past due to place the receivable on non-accrual status	120 days
Unsecured consumer loans \| Maximum
Loans
Number of days past due to place the receivable on non-accrual status	180 days
Commercial real estate loans \| Minimum
Loans
Number of days past due to place the receivable on non-accrual status	90 days
Commercial business loans and leases \| Minimum
Loans
Number of days past due to place the receivable on non-accrual status	90 days

ACCOUNTING_POLICIES_Details_3

ACCOUNTING POLICIES (Details 3) (USD $)	3 Months Ended								12 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2014	Sep. 30, 2013
Net (loss) income	$8	($80)	($5)	($67)	($73)	($72)	$34	$34	($144)	($77)
Average number of common shares issued									663,432
Less: average unallocated ESOP shares									-40,066
Less: average unvested restricted stock awards									-2,182
Average number of common shares outstanding used to calculate basic and diluted loss per share									621,184
Basic loss per share (in dollars per share)									($0.23)
Diluted loss per share (in dollars per share)									($0.23)
Unvested restricted stock not included in the computation of diluted loss per shares									18,519
Parent Company
Net (loss) income									($144)	($77)

INVESTMENTS_IN_AVAILABLEFORSAL2

INVESTMENTS IN AVAILABLE-FOR-SALE SECURITIES (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
	item	Sep. 30, 2013
Amortized cost and fair values of securities
Amortized Cost Basis	$16,528	$5,245
Gross Unrealized Gains	173	101
Gross Unrealized Losses	63	37
Fair Value	16,638	5,309
Amortized Cost Basis
Due after one year through five years	749
Due after five years through ten years	2,955
Asset-backed securities	911
Mortgage-backed securities	11,913
Total	16,528
Fair Value
Due after one year through five years	744
Due after five years through ten years	2,940
Asset-backed securities	916
Mortgage-backed securities	12,038
Total	16,638	5,309
Available-for-sale securities sold	0	0
Number of securities of issuers which exceeds 10% of equity	0
U.S. Government and federal agency obligations.
Amortized cost and fair values of securities
Amortized Cost Basis	3,403	800
Gross Unrealized Gains	10
Gross Unrealized Losses	28	10
Fair Value	3,385	790
Taxable municipal securities
Amortized cost and fair values of securities
Amortized Cost Basis	301
Gross Unrealized Losses	2
Fair Value	299
Asset-backed securities
Amortized cost and fair values of securities
Amortized Cost Basis	911
Gross Unrealized Gains	5
Fair Value	916
Mortgage-backed securities
Amortized cost and fair values of securities
Amortized Cost Basis	11,913	4,445
Gross Unrealized Gains	158	101
Gross Unrealized Losses	33	27
Fair Value	$12,038	$4,519

INVESTMENTS_IN_AVAILABLEFORSAL3

INVESTMENTS IN AVAILABLE-FOR-SALE SECURITIES (Details 2) (USD $)	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
In Thousands, unless otherwise specified	item	item	Sep. 30, 2013
Fair Value
Less than 12 Months		$4,998	$2,789
12 Months or Longer		1,478
Total		6,476	2,789
Unrealized Losses
Less than 12 Months		44	37
12 Months or Longer		19
Total		63	37
U.S. Government and federal agency obligations
Fair Value
Less than 12 Months		1,445	739
12 Months or Longer		744
Total		2,189	739
Unrealized Losses
Less than 12 Months		22	10
12 Months or Longer		6
Total		28	10
Number of investments temporarily impaired		6
Taxable municipal securities
Fair Value
Less than 12 Months		299
Total		299
Unrealized Losses
Less than 12 Months		2
Total		2
Mortgage-backed securities
Fair Value
Less than 12 Months		3,254	2,050
12 Months or Longer		734
Total		3,988	2,050
Unrealized Losses
Less than 12 Months		20	27
12 Months or Longer		13
Total		$33	$27
Number of investments temporarily impaired	14	1

LOANS_Details

LOANS (Details) (USD $)	12 Months Ended
LOANS (Details) (USD $)	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Loans
Loans, gross	$76,968,000	$57,992,000
Allowance for loan losses	-506,000	-435,000	-334,000
Deferred loan costs, net	553,000	382,000
Net loans	77,015,000	57,939,000
Loans to related parties	147,000
Payment of loan by related party	22,000
Principal advances to related parties	0
Real estate loans
Loans
Loans, gross	65,700,000	50,189,000
Residential
Loans
Loans, gross	48,654,000	38,630,000
Commercial real estate loans
Loans
Loans, gross	12,473,000	9,023,000
Real estate loans: Construction
Loans
Loans, gross	1,736,000	824,000
Multi-family
Loans
Loans, gross	2,837,000	1,712,000
Commercial business loans and leases
Loans
Loans, gross	2,940,000	1,862,000
Closed-end consumer loans
Loans
Loans, gross	8,328,000	5,941,000
Home equity
Loans
Loans, gross	6,989,000	5,179,000
Consumer
Loans
Loans, gross	1,339,000	762,000
1-4 Family Owner Occupied
Loans
Loans, gross	33,179,000	27,155,000
Allowance for loan losses	-165,000	-178,000	-135,000
1-4 Family Non-Owner Occupied
Loans
Loans, gross	15,475,000	11,475,000
Allowance for loan losses	-101,000	-75,000	-55,000
Multi-family
Loans
Loans, gross	12,473,000	9,023,000
Allowance for loan losses	-86,000	-81,000	-67,000
Multi-family \| Multi-family
Loans
Loans, gross	2,837,000	1,712,000
Commercial real estate loans
Loans
Loans, gross	1,736,000	824,000
Allowance for loan losses	-17,000	-8,000	-3,000
Commercial real estate loans \| Commercial real estate loans
Loans
Loans, gross	12,473,000	9,023,000
Real estate loans: Construction
Loans
Loans, gross	2,837,000	1,712,000
Allowance for loan losses	-28,000	-17,000	-12,000
Real estate loans: Construction \| Real estate loans: Construction
Loans
Loans, gross	1,736,000	824,000
Commercial business loans and leases
Loans
Loans, gross	2,940,000	1,862,000
Allowance for loan losses	-25,000	-16,000	-14,000
Commercial business loans and leases \| Commercial business loans and leases
Loans
Loans, gross	2,940,000	1,862,000
Home equity
Loans
Loans, gross	6,989,000	5,179,000
Allowance for loan losses	-41,000	-31,000	-33,000
Home equity \| Home equity
Loans
Loans, gross	6,989,000	5,179,000
Consumer
Loans
Loans, gross	1,339,000	762,000
Allowance for loan losses	-43,000	-29,000	-15,000
Consumer \| Consumer
Loans
Loans, gross	1,339,000	762,000
Pass
Loans
Loans, gross	19,807,000	12,468,000
Pass \| Multi-family \| Multi-family
Loans
Loans, gross	2,837,000	1,712,000
Pass \| Commercial real estate loans \| Commercial real estate loans
Loans
Loans, gross	12,473,000	8,259,000
Pass \| Real estate loans: Construction \| Real estate loans: Construction
Loans
Loans, gross	1,736,000	824,000
Pass \| Commercial business loans and leases \| Commercial business loans and leases
Loans
Loans, gross	2,761,000	1,673,000
Special Mention
Loans
Loans, gross	432,000	979,000
Special Mention \| Residential
Loans
Loans, gross	225,000	244,000
Special Mention \| Commercial real estate loans \| Commercial real estate loans
Loans
Loans, gross		511,000
Special Mention \| Commercial business loans and leases \| Commercial business loans and leases
Loans
Loans, gross	179,000	189,000
Special Mention \| Home equity \| Home equity
Loans
Loans, gross	28,000	35,000
Substandard
Loans
Loans, gross	20,000	725,000
Substandard \| Residential
Loans
Loans, gross		450,000
Substandard \| Commercial real estate loans \| Commercial real estate loans
Loans
Loans, gross		253,000
Substandard \| Home equity \| Home equity
Loans
Loans, gross	20,000	22,000
Not formally rated
Loans
Loans, gross	56,709,000	43,820,000
Not formally rated \| Residential
Loans
Loans, gross	48,429,000	37,936,000
Not formally rated \| Home equity \| Home equity
Loans
Loans, gross	6,941,000	5,122,000
Not formally rated \| Consumer \| Consumer
Loans
Loans, gross	$1,339,000	$762,000

LOANS_Details_2

LOANS (Details 2) (USD $)	3 Months Ended								12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2014	Sep. 30, 2013
Allowance for loan losses:
Beginning balance				$435				$334	$435	$334
Charge-offs										-3
Recoveries									2
Provision (benefit)	50	40	-10	-11	32	27	41	4	69	104
Ending Balance	506				435				506	435
Allowance for loan losses:
Ending balance: Collectively evaluated for impairment	506				435				506	435
Total allowance for loan losses ending balance	506				435				506	435
Loans:
Ending balance: Collectively evaluated for impairment	76,968				57,992				76,968	57,992
Total loans ending balance	76,968				57,992				76,968	57,992
1-4 Family Owner Occupied
Allowance for loan losses:
Beginning balance				178				135	178	135
Provision (benefit)									-13	43
Ending Balance	165				178				165	178
Allowance for loan losses:
Ending balance: Collectively evaluated for impairment	165				178				165	178
Total allowance for loan losses ending balance	165				178				165	178
Loans:
Ending balance: Collectively evaluated for impairment	33,179				27,155				33,179	27,155
Total loans ending balance	33,179				27,155				33,179	27,155
1-4 Family Non-Owner Occupied
Allowance for loan losses:
Beginning balance				75				55	75	55
Provision (benefit)									26	20
Ending Balance	101				75				101	75
Allowance for loan losses:
Ending balance: Collectively evaluated for impairment	101				75				101	75
Total allowance for loan losses ending balance	101				75				101	75
Loans:
Ending balance: Collectively evaluated for impairment	15,475				11,475				15,475	11,475
Total loans ending balance	15,475				11,475				15,475	11,475
Multi-family
Allowance for loan losses:
Beginning balance				81				67	81	67
Provision (benefit)									5	14
Ending Balance	86				81				86	81
Allowance for loan losses:
Ending balance: Collectively evaluated for impairment	86				81				86	81
Total allowance for loan losses ending balance	86				81				86	81
Loans:
Ending balance: Collectively evaluated for impairment	12,473				9,023				12,473	9,023
Total loans ending balance	12,473				9,023				12,473	9,023
Commercial real estate loans
Allowance for loan losses:
Beginning balance				8				3	8	3
Provision (benefit)									9	5
Ending Balance	17				8				17	8
Allowance for loan losses:
Ending balance: Collectively evaluated for impairment	17				8				17	8
Total allowance for loan losses ending balance	17				8				17	8
Loans:
Ending balance: Collectively evaluated for impairment	1,736				824				1,736	824
Total loans ending balance	1,736				824				1,736	824
Real estate loans: Construction
Allowance for loan losses:
Beginning balance				17				12	17	12
Provision (benefit)									11	5
Ending Balance	28				17				28	17
Allowance for loan losses:
Ending balance: Collectively evaluated for impairment	28				17				28	17
Total allowance for loan losses ending balance	28				17				28	17
Loans:
Ending balance: Collectively evaluated for impairment	2,837				1,712				2,837	1,712
Total loans ending balance	2,837				1,712				2,837	1,712
Commercial business loans and leases
Allowance for loan losses:
Beginning balance				16				14	16	14
Provision (benefit)									9	2
Ending Balance	25				16				25	16
Allowance for loan losses:
Ending balance: Collectively evaluated for impairment	25				16				25	16
Total allowance for loan losses ending balance	25				16				25	16
Loans:
Ending balance: Collectively evaluated for impairment	2,940				1,862				2,940	1,862
Total loans ending balance	2,940				1,862				2,940	1,862
Home equity
Allowance for loan losses:
Beginning balance				31				33	31	33
Provision (benefit)									10	-2
Ending Balance	41				31				41	31
Allowance for loan losses:
Ending balance: Collectively evaluated for impairment	41				31				41	31
Total allowance for loan losses ending balance	41				31				41	31
Loans:
Ending balance: Collectively evaluated for impairment	6,989				5,179				6,989	5,179
Total loans ending balance	6,989				5,179				6,989	5,179
Consumer
Allowance for loan losses:
Beginning balance				29				15	29	15
Charge-offs										-3
Recoveries									2
Provision (benefit)									12	17
Ending Balance	43				29				43	29
Allowance for loan losses:
Ending balance: Collectively evaluated for impairment	43				29				43	29
Total allowance for loan losses ending balance	43				29				43	29
Loans:
Ending balance: Collectively evaluated for impairment	1,339				762				1,339	762
Total loans ending balance	$1,339				$762				$1,339	$762

LOANS_Details_3

LOANS (Details 3) (USD $)	Sep. 30, 2014	Sep. 30, 2013
In Thousands, unless otherwise specified	item	item
Nonaccrual loans and past due loans
30 - 59 Days	$602	$739
60 - 89 Days	233
90 Days or More Past Due		46
Total Past Due	835	785
Total Current	76,133	57,207
Total loans ending balance	76,968	57,992
Total Non Accrual	20	46
Number of loans categorized as impaired	0	0
Number of loans that met definition of troubled debt restructuring	0	0
Residential
Nonaccrual loans and past due loans
30 - 59 Days	386	457
60 - 89 Days	34
90 Days or More Past Due		46
Total Past Due	420	503
Total Current	48,234	38,127
Total loans ending balance	48,654	38,630
Total Non Accrual		46
Commercial real estate loans
Nonaccrual loans and past due loans
30 - 59 Days		243
Total Past Due		243
Total Current	12,473	8,780
Total loans ending balance	12,473	9,023
Real estate loans: Construction
Nonaccrual loans and past due loans
Total Current	1,736	824
Total loans ending balance	1,736	824
Multi-family
Nonaccrual loans and past due loans
60 - 89 Days	191
Total Past Due	191
Total Current	2,646	1,712
Total loans ending balance	2,837	1,712
Commercial business loans and leases
Nonaccrual loans and past due loans
Total Current	2,940	1,862
Total loans ending balance	2,940	1,862
Home equity
Nonaccrual loans and past due loans
30 - 59 Days	216	39
Total Past Due	216	39
Total Current	6,773	5,140
Total loans ending balance	6,989	5,179
Total Non Accrual	20
Consumer
Nonaccrual loans and past due loans
60 - 89 Days	8
Total Past Due	8
Total Current	1,331	762
Total loans ending balance	$1,339	$762

LOANS_Details_4

LOANS (Details 4) (USD $)	Sep. 30, 2014	Sep. 30, 2013
In Thousands, unless otherwise specified	item	Sep. 30, 2013
Internal Loan Rating System
Grade assigned in internal loan rating system	8
Loans by risk rating
Loans	$76,968	$57,992
Pass
Loans by risk rating
Loans	19,807	12,468
Special Mention
Loans by risk rating
Loans	432	979
Substandard
Loans by risk rating
Loans	20	725
Not formally rated
Loans by risk rating
Loans	56,709	43,820
Residential
Loans by risk rating
Loans	48,654	38,630
Residential \| Special Mention
Loans by risk rating
Loans	225	244
Residential \| Substandard
Loans by risk rating
Loans		450
Residential \| Not formally rated
Loans by risk rating
Loans	48,429	37,936
Multi-family
Loans by risk rating
Loans	2,837	1,712
Commercial real estate loans
Loans by risk rating
Loans	12,473	9,023
Real estate loans: Construction
Loans by risk rating
Loans	1,736	824
Commercial business loans and leases
Loans by risk rating
Loans	2,940	1,862
Home equity
Loans by risk rating
Loans	6,989	5,179
Consumer
Loans by risk rating
Loans	$1,339	$762

LOANS_Details_5

LOANS (Details 5) (USD $)	12 Months Ended
LOANS (Details 5) (USD $)	Sep. 30, 2014	Sep. 30, 2013
LOANS
Unpaid principal balances	$32,604,000	$26,574,000
Mortgage servicing rights	118,000	210,000
Amortization of mortgage servicing rights	76,000	68,000
Capitalized mortgage servicing rights	289,000,000	240,000,000
Fair value of mortgage servicing rights	388,000	289,000
Changes in valuation allowance for mortgage servicing rights
Beginning balance	9,000	4,000
Additions		9,000
Reductions	-7,000	-4,000
Ending balance	$2,000	$9,000

PREMISES_AND_EQUIPMENT_Details

PREMISES AND EQUIPMENT (Details) (USD $)	Sep. 30, 2014	Sep. 30, 2013
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
PREMISES AND EQUIPMENT
Gross amount	$2,501	$2,475
Accumulated depreciation and amortization	-729	-610
Net	1,772	1,865
Land
PREMISES AND EQUIPMENT
Gross amount	229	229
Building and improvements
PREMISES AND EQUIPMENT
Gross amount	1,643	1,638
Furniture, fixtures and equipment
PREMISES AND EQUIPMENT
Gross amount	$629	$608

INVESTMENT_IN_REAL_ESTATE_Deta

INVESTMENT IN REAL ESTATE (Details) (USD $)	12 Months Ended
INVESTMENT IN REAL ESTATE (Details) (USD $)	Sep. 30, 2014	Sep. 30, 2013
INVESTMENT IN REAL ESTATE
Real estate, gross	$1,135,000	$976,000
Accumulated depreciation and amortization	-45,000	-24,000
Real estate, net	1,090,000	952,000
Rental income from investment in real estate	34,000	47,000
Land
INVESTMENT IN REAL ESTATE
Real estate, gross	311,000	311,000
Building
INVESTMENT IN REAL ESTATE
Real estate, gross	$824,000	$665,000

DEPOSITS_Details

DEPOSITS (Details) (USD $)	Sep. 30, 2014	Sep. 30, 2013
DEPOSITS
Time deposit accounts in denominations of $100,000 or more	$38,289,000	$24,082,000
Fiscal year maturities of time deposits
2015	27,993,000
2016	11,272,000
2017	10,613,000
Total	49,878,000
Deposits held	$49,878,000

FEDERAL_HOME_LOAN_BANK_ADVANCE2

FEDERAL HOME LOAN BANK ADVANCES (Details) (USD $)	Sep. 30, 2014
In Thousands, unless otherwise specified	Sep. 30, 2014
FEDERAL HOME LOAN BANK ADVANCES
2015	$6,573
2016	580
2017	559
2018	254
2019	2,987
Total	$10,953
Statement [Line Items]
Weighted-average interest rate on FHLB	0.90%
Maximum
Statement [Line Items]
Interest rates on FHLB	2.16%
Minimum
Statement [Line Items]
Interest rates on FHLB	0.18%

INCOME_TAXES_Details

INCOME TAXES (Details) (USD $)	3 Months Ended								12 Months Ended
INCOME TAXES (Details) (USD $)	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2014	Sep. 30, 2013
Current:
Federal										($23,000)
State									3,000	-3,000
Total									3,000	-26,000
Deferred:
Federal									-61,000	-10,000
State									-5,000	-3,000
Total									-66,000	-13,000
Total income tax (benefit) expense	17,000	-42,000	9,000	-47,000	-22,000	-49,000	13,000	19,000	-63,000	-39,000
Reasons for the differences between the statutory federal income tax rate and the effective tax rates
Federal income tax at statutory rate (as a percent)									-34.00%	-34.00%
Increase in tax resulting from, Other (as a percent)									4.40%	3.60%
Increase in tax resulting from, State tax, net of federal tax benefit (as a percent)									-0.80%	-3.20%
Effective tax rates (as a percent)									-30.40%	-33.60%
Deferred tax assets:
Allowance for loan losses	38,000				10,000				38,000	10,000
Alternative minimum tax	20,000				20,000				20,000	20,000
Net operating loss carryovers	54,000				10,000				54,000	10,000
Charitable contribution carryover	13,000				10,000				13,000	10,000
Deferred ESOP expense	27,000								27,000
Restricted stock awards	5,000				29,000				5,000	29,000
Gross deferred tax assets	157,000				79,000				157,000	79,000
Deferred tax liabilities:
Mortgage servicing rights	-115,000				-96,000				-115,000	-96,000
Net unrealized holding gain on available-for-sale securities	-43,000				-26,000				-43,000	-26,000
Depreciation	-57,000				-64,000				-57,000	-64,000
Gross deferred tax liabilities	-215,000				-186,000				-215,000	-186,000
Net deferred tax liability	-58,000				-107,000				-58,000	-107,000
Operating loss carryover
Alternative minimum tax credit carryovers	20,000				20,000				20,000	20,000
Federal income tax reserve for loan losses at base year	1,100,000								1,100,000
Penalty of using federal income tax reserve for loan losses for purposes other than to absorb losses (as a percent)									150.00%
Amount of deferred income tax liability not provided as reserves used for absorption of loan losses									$439,000

EMPLOYEE_BENEFITS_Details

EMPLOYEE BENEFITS (Details) (USD $)	12 Months Ended
EMPLOYEE BENEFITS (Details) (USD $)	Sep. 30, 2014	Sep. 30, 2013
Retirement plan
Maximum employer matching contribution (as a percent)	5.00%
Employer matching contribution (as a percent)	100.00%
Total expenses related to plan	$72,000	$76,000
Minimum
Retirement plan
Maximum employer matching contribution (as a percent)	1.00%
Maximum
Retirement plan
Maximum employer matching contribution (as a percent)	75.00%

EMPLOYEE_BENEFITS_Details_2

EMPLOYEE BENEFITS (Details 2)	12 Months Ended
	Sep. 30, 2014
	item
Executive officer
EMPLOYEE BENEFITS
Term of employment agreement	3 years
Number of times of base salary and average bonus payable	2
Period for calculation of average bonus	2 years
Period for which health and life insurance coverage required to be continued upon change of control	24 months
Minimum remaining term of agreement on date of change in control	1 year
Executive officer \| Bank
EMPLOYEE BENEFITS
Period for termination relative to change in control for lump sum payment and continuation of insurance coverage	1 year
Executive officer and an officer \| Bank
EMPLOYEE BENEFITS
Term of employment agreement	2 years
Period for which health and life insurance coverage required to be continued upon change of control	24 months
Number of times of base salary payable	2
Executive officer and an officer \| Bank \| Maximum
EMPLOYEE BENEFITS
Period for termination relative to change in control for lump sum payment and continuation of insurance coverage	1 year

EMPLOYEE_STOCK_OWNERSHIP_PLAN_2

EMPLOYEE STOCK OWNERSHIP PLAN ("ESOP") (Details) (USD $)	0 Months Ended	1 Months Ended	12 Months Ended
EMPLOYEE STOCK OWNERSHIP PLAN ("ESOP") (Details) (USD $)	Nov. 19, 2012	Dec. 31, 2012	Sep. 30, 2014	Sep. 30, 2013
Employee stock ownership plan
Number of shares of common stock sold	661,250		679,769	661,250
Issue price of common stock (in dollars per share)	10
Term of ESOP loan			6 years 1 month 6 days
Shares held by the ESOP			46,287
Shares by the ESOP
Allocated (in shares)			8,124
Unallocated (in shares)			38,163
Shares held by ESOP			46,287
ESOP
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
Loan for stock purchase as a percentage of aggregate purchase price of common stock	100.00%
Term of ESOP loan	6 years 1 month 6 days
Remaining principal balance			$409,000
Shares held by the ESOP			46,287	46,287
Total compensation expense			93,000
Remaining principal balance on the ESOP debt
2015			77,000
2016			79,000
2017			82,000
2018			84,000
2019			87,000
Total			409,000
Shares by the ESOP
Allocated (in shares)				492
Unallocated (in shares)				45,795
Shares held by ESOP			46,287	46,287
Fair value of unallocated ESOP shares			$500,000	$550,000

EQUITY_INCENTIVE_PLAN1

EQUITY INCENTIVE PLAN (USD $)	12 Months Ended	0 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2014	Apr. 15, 2014	Aug. 19, 2014
EQUITY INCENTIVE PLAN
Compensation expense	$13,000
Tax benefit from share based compensation	4,000
Unrecognised compensation expense for non-vested restricted stock	$221,000
Remaining weighted-average vesting period for unrecognised compensation expense for non-vested restricted stock	2 years 10 months 24 days
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	0
Number of shares forfeiture	0
Equity Incentive Plan 2014 [Member] \| Restricted Stock
EQUITY INCENTIVE PLAN
Number of shares that can be granted		26,450
Equity Incentive Plan 2014 [Member] \| Stock Option
EQUITY INCENTIVE PLAN
Number of options that can be granted		66,125
Equity Incentive Plan 2014 [Member] \| Executive officer and director
EQUITY INCENTIVE PLAN
Number of shares that can be granted			18,519

FINANCIAL_INSTRUMENTS_Details

FINANCIAL INSTRUMENTS (Details) (USD $)	Sep. 30, 2014	Sep. 30, 2013
Financial instruments
Notional amounts of financial instrument liabilities	$7,049,000	$5,139,000
Commitments to originate loans
Financial instruments
Notional amounts of financial instrument liabilities	1,114,000	1,880,000
Unadvanced funds on lines of credit
Financial instruments
Notional amounts of financial instrument liabilities	5,259,000	2,803,000
Unadvanced funds on construction loans
Financial instruments
Notional amounts of financial instrument liabilities	527,000	307,000
Standby letters of credit
Financial instruments
Notional amounts of financial instrument liabilities	$149,000	$149,000

COMMITMENTS_AND_CONTINGENT_LIA2

COMMITMENTS AND CONTINGENT LIABILITIES (Details) (USD $)	12 Months Ended
COMMITMENTS AND CONTINGENT LIABILITIES (Details) (USD $)	Sep. 30, 2014
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity
2015	$55,000
2016	56,000
2017	57,000
2018	19,000
Total	187,000
Rent expense	$59,000

FAIR_VALUE_MEASUREMENTS_Detail

FAIR VALUE MEASUREMENTS (Details) (USD $)	Sep. 30, 2014	Sep. 30, 2013
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Fair value measurements
Securities available-for-sale	$16,638	$5,309
Assets measured at fair value on a nonrecurring basis	0
Liabilities measured at fair value on a nonrecurring basis	0
U.S. Government and federal agency obligations.
Fair value measurements
Securities available-for-sale	3,385	790
Taxable municipal securities
Fair value measurements
Securities available-for-sale	299
Asset-backed securities
Fair value measurements
Securities available-for-sale	916
Mortgage-backed securities
Fair value measurements
Securities available-for-sale	12,038	4,519
Recurring basis \| Total
Fair value measurements
Securities available-for-sale	16,638	5,309
Recurring basis \| Total \| U.S. Government and federal agency obligations.
Fair value measurements
Securities available-for-sale	3,385	790
Recurring basis \| Total \| Taxable municipal securities
Fair value measurements
Securities available-for-sale	299
Recurring basis \| Total \| Asset-backed securities
Fair value measurements
Securities available-for-sale	916
Recurring basis \| Total \| Mortgage-backed securities
Fair value measurements
Securities available-for-sale	12,038	4,519
Recurring basis \| Level 2
Fair value measurements
Securities available-for-sale	16,638	5,309
Recurring basis \| Level 2 \| U.S. Government and federal agency obligations.
Fair value measurements
Securities available-for-sale	3,385	790
Recurring basis \| Level 2 \| Taxable municipal securities
Fair value measurements
Securities available-for-sale	299
Recurring basis \| Level 2 \| Asset-backed securities
Fair value measurements
Securities available-for-sale	916
Recurring basis \| Level 2 \| Mortgage-backed securities
Fair value measurements
Securities available-for-sale	$12,038	$4,519

FAIR_VALUE_MEASUREMENTS_Detail1

FAIR VALUE MEASUREMENTS (Details 2) (USD $)	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Financial assets:
Cash and cash equivalents	$5,938,000	$4,713,000	$10,177,000
Interest-bearing time deposits with other banks	1,985,000	4,147,000
Available-for-sale securities	16,638,000	5,309,000
Federal Home Loan Bank stock	754,000	282,000
Accrued interest receivable	273,000	197,000
Mortgage servicing rights	289,000,000	240,000,000
Financial liabilities:
Assets measured at fair value on a nonrecurring basis	0
Parent Company
Financial assets:
Cash and cash equivalents	721,000	1,738,000
Interest-bearing time deposits with other banks	1,489,000	496,000
Accrued interest receivable	14,000	12,000
Carrying Amount
Financial assets:
Cash and cash equivalents	5,938,000	4,713,000
Interest-bearing time deposits with other banks	1,985,000	4,147,000
Available-for-sale securities	16,638,000	5,309,000
Federal Home Loan Bank stock	754,000	282,000
Loans held-for-sale	2,727,000	749,000
Loans, net	77,015,000	57,939,000
Accrued interest receivable	273,000	197,000
Financial liabilities:
Deposits	87,483,000	66,192,000
Federal Home Loan Bank advances	10,953,000
Total
Financial assets:
Cash and cash equivalents	5,938,000	4,713,000
Interest-bearing time deposits with other banks	1,986,000	4,152,000
Available-for-sale securities	16,638,000	5,309,000
Federal Home Loan Bank stock	754,000	282,000
Loans held-for-sale	2,753,000	768,000
Loans, net	77,749,000	57,640,000
Accrued interest receivable	273,000	197,000
Financial liabilities:
Deposits	87,769,000	66,429,000
Federal Home Loan Bank advances	10,933,000
Total \| Level 1
Financial assets:
Cash and cash equivalents	5,938,000	4,713,000
Federal Home Loan Bank stock	754,000	282,000
Loans held-for-sale	2,753,000	768,000
Accrued interest receivable	273,000	197,000
Total \| Level 2
Financial assets:
Available-for-sale securities	16,638,000	5,309,000
Total \| Level 3
Financial assets:
Interest-bearing time deposits with other banks	1,986,000	4,152,000
Available-for-sale securities	16,638,000	5,309,000
Financial liabilities:
Deposits	87,769,000	66,429,000
Federal Home Loan Bank advances	$10,933,000

OTHER_COMPREHENSIVE_LOSS_Detai

OTHER COMPREHENSIVE LOSS (Details) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Unrealized gains (losses) on securities:
Net unrealized holding loss on available-for-sale securities	$46	($201)
Other comprehensive income (loss), before tax	46	-201
Income tax benefit	-17	77
Other comprehensive income (loss), net of tax	29	-124
Components of accumulated other comprehensive income, included in stockholders' equity
Net unrealized gain on securities available-for-sale, net of tax	67	38
Total accumulated other comprehensive income	$67	$38

REGULATORY_CAPITAL_Details

REGULATORY CAPITAL (Details) (USD $)	Sep. 30, 2014	Sep. 30, 2013
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Total Capital (to Risk Weighted Assets)
Actual Amount	$8,172	$8,014
Actual Ratio (as a percent)	13.30%	17.90%
Minimum For Capital Adequacy Purposes Amount	4,901	3,576
To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	6,126	4,469
Tier 1 Capital (to Risk Weighted Assets)
Actual Amount	7,667	7,579
Actual Ratio (as a percent)	12.50%	17.00%
Minimum For Capital Adequacy Purposes Amount	2,451	1,788
To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	3,676	2,682
Tier 1 Capital (to Average Assets)
Actual Amount	7,667	7,579
Actual Ratio (as a percent)	8.10%	10.00%
Minimum For Capital Adequacy Purposes Amount	3,787	3,040
To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$4,733	$3,800
Minimum
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%

CONDENSED_PARENT_COMPANY_ONLY_2

CONDENSED PARENT COMPANY ONLY FINANCIAL STATEMENTS (Details) (USD $)	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
ASSETS
Cash and due from banks	$4,943	$3,182
Interest-bearing time deposits in other banks	1,985	4,147
Accrued interest receivable	273	197
Other assets	544	481
Total assets	109,163	77,061
LIABILITIES AND STOCKHOLDERS' EQUITY
Other liabilities	219	375
Total liabilities	98,713	66,674
Stockholders' equity	10,450	10,387	5,418
Total liabilities and stockholders' equity	109,163	77,061
Parent Company
ASSETS
Cash and due from banks	721	1,738
Interest-bearing time deposits in other banks	1,489	496
Investment in Meetinghouse Bank	7,756	7,620
Loan to ESOP	409	483
Net deferred tax asset	55	10
Accrued interest receivable	14	12
Other assets	19	28
Total assets	10,463	10,387
LIABILITIES AND STOCKHOLDERS' EQUITY
Other liabilities	13
Total liabilities	13
Stockholders' equity	10,450	10,387
Total liabilities and stockholders' equity	$10,463	$10,387

CONDENSED_PARENT_COMPANY_ONLY_3

CONDENSED PARENT COMPANY ONLY FINANCIAL STATEMENTS (Details 2) (USD $)	3 Months Ended								12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2014	Sep. 30, 2013
CONDENSED STATEMENT OF OPERATION
Interest income on ESOP loan									$2,962	$2,441
Compensation expense - restricted stock awards									13
Professional fees									420	416
(Loss) income before income tax (benefit) expense	25	-122	4	-114	-95	-121	47	53	-207	-116
Provision (benefit) for income taxes	17	-42	9	-47	-22	-49	13	19	-63	-39
Net (loss) income	8	-80	-5	-67	-73	-72	34	34	-144	-77
Parent Company
CONDENSED STATEMENT OF OPERATION
Interest income on ESOP loan									14	13
Interest income on time deposits in other banks									9	1
Total interest income									23	14
Compensation expense - restricted stock awards									13
Director fees									6	7
Professional fees									112	80
Other expenses									23	16
Total other expenses									154	103
(Loss) income before income tax (benefit) expense									-131	-89
Equity in undistributed loss of subsidiary									-58	-18
Loss before income taxes									-189	-107
Provision (benefit) for income taxes									-45	-30
Net (loss) income									($144)	($77)

CONDENSED_PARENT_COMPANY_ONLY_4

CONDENSED PARENT COMPANY ONLY FINANCIAL STATEMENTS (Details 3) (USD $)	3 Months Ended								12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2014	Sep. 30, 2013
Cash flows from operating activities:
Net (loss) income	$8	($80)	($5)	($67)	($73)	($72)	$34	$34	($144)	($77)
Increase in accrued interest receivable									-76	-24
Deferred tax benefit									-66	-13
Decrease (increase) in other assets									-63	464
Compensation expense - restricted stock awards									13
Net cash (used in) provided by operating activities									-2,216	6,651
Cash flows from investing activities:
Purchases of interest-bearing time deposits in other banks									-1,738	-1,993
Net cash used in investing activities									-28,803	-15,175
Cash flows from financing activities:
Proceeds from common stock offering										6,613
Costs of common stock offering										-961
Net cash provided by financing activities									32,244	3,060
Cash and cash equivalents at beginning of year				4,713				10,177	4,713	10,177
Cash and cash equivalents at end of year	5,938				4,713				5,938	4,713
Parent Company
Cash flows from operating activities:
Net (loss) income									-144	-77
Increase in accrued interest receivable									-2	-12
Deferred tax benefit									-45	-10
Decrease (Increase) in income taxes receivable									1	-20
Increase in other liabilities									13
Decrease (increase) in other assets									8	-8
Compensation expense - restricted stock awards									13
Equity in undistributed loss of subsidiary									58	18
Net cash (used in) provided by operating activities									-98	-109
Cash flows from investing activities:
Purchases of interest-bearing time deposits in other banks									-993	-496
ESOP loan										-487
Principal payments received on ESOP loan									74	4
Investment in subsidiary, Meetinghouse Bank										-2,826
Net cash used in investing activities									-919	-3,805
Cash flows from financing activities:
Proceeds from common stock offering										6,613
Costs of common stock offering										-961
Net cash provided by financing activities										5,652
Net (decrease) increase in cash and cash equivalents									-1,017	1,738
Cash and cash equivalents at beginning of year				1,738					1,738
Cash and cash equivalents at end of year	$721				$1,738				$721	$1,738

QUARTERLY_RESULTS_OF_OPERATION2

QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) (Details) (USD $)	3 Months Ended								12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2014	Sep. 30, 2013
Interest and dividend income	$957	$834	$775	$716	$675	$670	$663	$619	$3,282	$2,627
Interest expense	187	152	142	136	131	131	132	133	617	527
Net interest and dividend income	770	682	633	580	544	539	531	486	2,665	2,100
(Benefit) provision for loan losses	50	40	-10	-11	32	27	41	4	69	104
Net interest and dividend income after (benefit) provision for loan losses	720	642	643	591	512	512	490	482	2,596	1,996
Total noninterest income	426	166	172	132	246	276	352	355	896	1,433
Total noninterest expense	1,121	930	811	837	853	909	795	784	3,699	3,545
(Loss) income before income taxes	25	-122	4	-114	-95	-121	47	53	-207	-116
Provision (benefit) for income taxes	17	-42	9	-47	-22	-49	13	19	-63	-39
Net (loss) income	8	-80	-5	-67	-73	-72	34	34	-144	-77
Parent Company
(Loss) income before income taxes									-131	-89
Provision (benefit) for income taxes									-45	-30
Net (loss) income									($144)	($77)