Malvern Bancorp (MLVF) 10-K 13 Dec 18 2018 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2018	Dec. 14, 2018	Mar. 31, 2018
Document And Entity Information [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Sep. 30, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	FY
Trading Symbol	MLVF
Entity Registrant Name	MALVERN BANCORP, INC.
Entity Central Index Key	1,550,603
Current Fiscal Year End Date	--09-30
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		7,771,356
Entity Public Float			$ 155.2
Entity Shell Company	false
Entity Small Business	true
Entity Emerging Growth Company	false

Consolidated Statements of Fina

Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Sep. 30, 2018	Sep. 30, 2017
Assets
Cash and due from depository institutions	$ 1,563	$ 1,615
Interest bearing deposits in depository institutions	29,271	115,521
Cash and Cash Equivalents	30,834	117,136
Investment securities available for sale, at fair value	24,298	14,587
Investment securities held to maturity, at cost (fair value of $29.0 million and $34.6 million, respectively)	30,092	34,915
Restricted stock, at cost	8,537	5,559
Loans receivable, net of allowance for loan losses of $9.0 million and $8.4 million, respectively	902,136	834,331
Accrued interest receivable	3,800	3,139
Property and equipment, net	7,181	7,507
Deferred income taxes, net	3,195	6,671
Bank-owned life insurance	19,403	18,923
Other assets	4,475	3,244
Total Assets	1,033,951	1,046,012
Deposits:
Deposits-noninterest-bearing	41,677	42,121
Deposits-interest-bearing	732,486	748,275
Total Deposits	774,163	790,396
FHLB advances	118,000	118,000
Other short-term borrowings	2,500	5,000
Subordinated debt	24,461	24,303
Advances from borrowers for taxes and insurance	1,305	1,553
Accrued interest payable	784	694
Other liabilities	1,915	3,546
Total Liabilities	923,128	943,492
Commitments and Contingencies
Shareholders' Equity
Preferred stock, $0.01 par value, 10,000,000 shares authorized, none issued
Common stock, $0.01 par value, 50,000,000 shares authorized, issued and outstanding: 6,580,879 shares at September 30, 2018 and 6,572,684 shares at September 30, 2017	66	66
Additional paid-in-capital	61,099	60,736
Retained earnings	50,412	43,139
Unearned Employee Stock Ownership Plan (ESOP) shares	(1,338)	(1,483)
Accumulated other comprehensive income	584	62
Total Shareholders' Equity	110,823	102,520
Total Liabilities and Shareholders' Equity	$ 1,033,951	$ 1,046,012

Consolidated Statements of Fi_2

Consolidated Statements of Financial Condition (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2018	Sep. 30, 2017
Statement of Financial Position [Abstract]
Amortization cost	$ 24,804	$ 14,869
Investment securities held to maturity, fair value	28,968	34,566
Allowance for loan losses	$ 9,021	$ 8,405
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, authorized	10,000,000	10,000,000
Preferred stock, issued	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized	50,000,000	50,000,000
Common stock, issued	6,580,879	6,572,684
Common stock, outstanding	6,580,879	6,572,684

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016
Interest and Dividend Income
Loans, including fees	$ 36,862	$ 30,841	$ 21,206
Investment securities, taxable	1,094	1,561	2,824
Investment securities, tax-exempt	251	492	751
Dividends, restricted stock	467	257	250
Interest-bearing cash accounts	1,356	631	213
Total Interest and Dividend Income	40,030	33,782	25,244
Interest Expense
Deposits	9,200	6,236	4,537
Short-term borrowings	68	34
Long-term borrowings	2,200	2,176	2,195
Subordinated debt	1,527	1,000
Total Interest Expense	12,995	9,446	6,732
Net Interest Income	27,035	24,336	18,512
Provision for loan losses	954	2,791	947
Net Interest Income after Provision for Loan Losses	26,081	21,545	17,565
Other Income
Service charges and other fees	1,268	992	923
Rental income-other	268	227	211
Net gains on sale of investments		463	565
Net gains on sale of real estate	1,186		1
Net gains on sale of loans	102	154	116
Earnings on bank-owned life insurance	480	505	517
Total Other Income	3,304	2,341	2,333
Other Expense
Salaries and employee benefits	8,193	7,114	6,290
Occupancy expense	2,295	2,084	1,820
Federal deposit insurance premium	298	244	579
Advertising	152	216	131
Data processing	1,098	1,195	1,128
Professional fees	2,891	1,894	1,683
Other real estate owned (income) expense, net		(172)	27
Other operating expenses	2,876	2,572	2,264
Total Other Expenses	17,803	15,147	13,922
Income before income tax expense (benefit)	11,582	8,739	5,976
Income tax expense (benefit)	4,276	2,922	(6,174)
Net Income	$ 7,306	$ 5,817	$ 12,150
Earnings Per Common Share:
Basic (in dollars per share)	$ 1.13	$ 0.90	$ 1.90
Diluted (in dollars per share)	$ 1.13	$ 0.90	$ 1.90
Weighted Average Common Shares Outstanding
Basic (in shares)	6,456,154	6,431,445	6,409,265
Diluted (in shares)	6,459,510	6,432,137	6,409,325

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands		12 Months Ended
		Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016
Statement of Comprehensive Income [Abstract]
Net income		$ 7,306	$ 5,817	$ 12,150
Other Comprehensive Income, Net of Tax:
Unrealized holding gains (losses) on available-for-salesecurities		(229)	(275)	2,128
Tax effect		48	94	(723)
Net of tax amount		(181)	(181)	1,405
Reclassification adjustment for net gains arising during the period	[1]		(463)	(565)
Tax effect			157	192
Net of tax amount			(306)	(373)
Accretion of unrealized holding losses on securities transferred from available-for-sale to held-to-maturity	[2]	6	9	9
Tax effect		(1)	(3)	(3)
Net of tax amount		5	6	6
Fair value adjustment on derivatives		868	918	(194)
Tax effect		(203)	(312)	172
Net of tax amount		665	606	(22)
Total other comprehensive income		489	125	1,016
Total comprehensive income		$ 7,795	$ 5,942	$ 13,166
[1]	Amounts are included in net gain on sales of securities on the Consolidated Statements of Operations in total other income.
[2]	Amounts are included in interest and dividends on investment securities on the Consolidated Statements of Operations.

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Unearned Esop Shares [Member]	Accumulated Other Comprehensive Income (Loss) [Member]
Balance at beginning at Sep. 30, 2015	$ 82,749	$ 66	$ 60,365	$ 25,172	$ (1,775)	$ (1,079)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	12,150			12,150
Other comprehensive income	1,016					1,016
Committed to be released ESOP shares (14,400 shares)	242		96		146
Balance at ending at Sep. 30, 2016	96,157	66	60,461	37,322	(1,629)	(63)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	5,817			5,817
Other comprehensive income	125					125
Committed to be released ESOP shares (14,400 shares)	311		165		146
Stock based compensation	110		110
Balance at ending at Sep. 30, 2017	102,520	66	60,736	43,139	(1,483)	62
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	7,306			7,306
Reclassification of certain tax effects from accumulated other comprehensive income				(33)		33
Other comprehensive income	489					489
Committed to be released ESOP shares (14,400 shares)	366		221		145
Stock based compensation	142		142
Balance at ending at Sep. 30, 2018	$ 110,823	$ 66	$ 61,099	$ 50,412	$ (1,338)	$ 584

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Shareholders' Equity (Parenthetical) - shares	12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016
Statement of Stockholders' Equity [Abstract]
Committed to be released ESOP shares	14,400	14,400	14,400

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016
Cash Flows from Operating Activities
Net income	$ 7,306	$ 5,817	$ 12,150
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation expense	758	724	650
Provision for loan losses	954	2,791	947
Deferred income taxes expense (benefit)	3,353	2,092	(6,316)
ESOP expense	366	311	242
Stock based compensation	142	110
Amortization of premiums and discounts on investment securities, net	360	814	1,243
(Accretion) amortization of loan origination fees and costs	(77)	(924)	748
Amortization of mortgage service rights	45	60	73
Amortization of subordinated debt issuance costs	158	39
Net gain on sale of investment securities available for sale		(463)	(565)
Net gain on sale of real estate	(1,186)		(1)
Net gain on sale of secondary market loans	(102)	(154)	(116)
Proceeds on sale of secondary market loans	9,189	9,270	6,390
Originations of secondary market loans	(9,087)	(9,116)	(6,274)
Gain on sale of other real estate owned			(19)
Write down of other real estate owned			20
Earnings on bank-owned life insurance	(480)	(505)	(517)
Increase in accrued interest receivable	(661)	(581)	(74)
Increase in accrued interest payable	90	267	31
(Decrease) increase in other liabilities	(1,631)	563	766
Increase in other assets	(439)	(1,058)	(44)
Increase in income tax receivable		(225)
Net Cash Provided by Operating Activities	9,058	9,832	9,334
Investment securities available-for-sale:
Purchases	(30,140)	(250)	(2,116)
Sales		51,119	62,818
Maturities, calls and principal repayments	20,123	583	2,437
Investment securities held-to-maturity:
Maturities, calls and principal repayments	4,545	5,350	16,391
(Loan originations) and principal collections, net	(68,682)	(262,039)	(184,548)
Proceeds from sale of other real estate owned			1,167
Proceeds from death benefit of bank-owned life insurance			1,049
Net increase in restricted stock	(2,979)	(135)	(659)
Proceeds from sale of real estate	1,315		1
Purchases of property and equipment	(561)	(1,594)	(752)
Net Cash Used in Investing Activities	(76,379)	(206,966)	(104,212)
Cash Flows from Financing Activities
Net (decrease) increase in deposits	(16,233)	188,350	136,524
Proceeds for long-term borrowings	140,000	140,000	121,000
Repayment of long-term borrowings	(140,000)	(140,000)	(106,000)
Increase in other borrowed money		10,000
Repayment of other borrowed money	(2,500)	(5,000)
Decrease in advances from borrowers for taxes and insurance	(248)	(106)	(147)
Net proceeds from issuance of subordinated debt		24,264
Net Cash (Used in) Provided by Financing Activities	(18,981)	217,508	151,377
Net (Decrease) Increase in Cash and Cash Equivalents	(86,302)	20,374	56,499
Cash and Cash Equivalent - Beginning	117,136	96,762	40,263
Cash and Cash Equivalent - Ending	30,834	117,136	96,762
Supplementary Cash Flows Information
Interest paid	12,904	9,179	$ 6,701
Income taxes paid	$ 2,630	$ 130

Organizational Structure and Na

Organizational Structure and Nature of Operations	12 Months Ended
	Sep. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organizational Structure and Nature of Operations	Note 1 — Organizational Structure and Nature of Operations Malvern Bancorp, Inc. (the “Company” or “Malvern Bancorp”), a Pennsylvania corporation, is a registered bank holding company under the Bank Holding Company Act of 1956, as amended (the “Holding Company Act”). Malvern Bancorp is the holding company for Malvern Bank, National Association (“Malvern Bank” or the “Bank”), a national bank that was originally organized in 1887 as a federally-chartered savings bank. Malvern Bank now serves as one of the oldest banks headquartered on the Philadelphia Main Line. For more than a century, the Bank has been committed to helping people build prosperous communities as a trusted financial partner, forging lasting relationships through teamwork, respect and integrity. Effective February 12, 2018, the Bank converted from a federal savings bank charter to a national bank charter and Malvern Bancorp converted from a savings and loan holding company to a bank holding company. The Bank conducts business from its headquarters in Paoli, Pennsylvania, a suburb of Philadelphia, and through its nine other banking locations in Chester, Delaware and Bucks counties, Pennsylvania, Palm Beach Florida, and Morristown, New Jersey, its New Jersey regional headquarters. The Bank also maintains a representative office in Montchanin, Delaware. The Bank’s primary market niche is providing personalized service to its client base. The Bank’s principal business consists of attracting deposits from businesses and the general public and investing those deposits, together with borrowings and funds generated from operations, in one- The Bank’s revenues are derived principally from interest on loans and investment securities, loan commitment and customer service fees and our mortgage banking operation. Our primary sources of funds are deposits, borrowings (including from the Federal Home Loan Bank of Pittsburgh (the “FHLB”)), and principal and interest payments on loans and securities, as well as the sale of residential loans in the secondary market. The Bank’s primary expenses are interest expense on deposits and borrowings, provisions for loan losses and general operating expenses. The Bank owns 100% of Malvern Insurance Associates, LLC (“Malvern Associates”), a Pennsylvania limited liability company. Malvern Associates is a licensed insurance broker under Pennsylvania and New Jersey law. The Bank owns a 10% non-controlling Certain mortgage-backed securities of the Bank are held through Delaware statutory trusts, 5% of which are owned by the Bank and 95% of which are owned by Coastal Asset Management Co., a Delaware corporation which is wholly owned by the Bank. The Bank owns a 3.39% interest in Bankers Settlement Services Capital Region, LLC, a Pennsylvania limited liability company which acts as a title insurance agent or agency. The banking industry is highly regulated. The Bank is supervised by the Office of the Comptroller of the Currency (the “OCC”), and the Company is supervised by the Board of Governors of the Federal Reserve Board (the “FRB”). In accordance with the subsequent events topic of the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (the “Codification” or the “ASC”), the Company evaluates events and transactions that occur after the statement of financial condition date and through the date these consolidated financial statements are being issued for potential recognition and disclosure in the consolidated financial statements. The effect of all subsequent events that provide additional evidence of conditions that existed at the statement of financial condition date are recognized in the audited consolidated financial statements as of September 30, 2018.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Sep. 30, 2018
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2 — Summary of Significant Accounting Policies Basis of Presentation and Consolidation The consolidated financial statements at and for the years ended September 30, 2018, 2017 and 2016 include the accounts of Malvern Bancorp, Inc. and its subsidiaries. All significant intercompany transactions and balances have been eliminated. 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 income and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses and the valuation of deferred tax assets. Significant Group Concentrations of Credit Risk Most of the Company’s activities are with customers located within Chester County, Pennsylvania. In addition to Chester County, our lending efforts are focused in neighboring Bucks County, Montgomery County and Delaware County, which are also in southeastern Pennsylvania, New Jersey and the New York metropolitan marketplace. Note 5 discusses the types of investment securities that the Company invests in. Note 6 discusses the types of lending that the Company engages in. The Company does not have any significant concentrations to any one industry or customer. Although the Company has a diversified portfolio, its debtor’s ability to honor their contracts is influenced by, among other factors, the region’s economy. Cash and Cash Equivalents For purposes of reporting cash flows, cash and cash equivalents include cash on hand, amounts due from depository institutions and interest bearing deposits. The Company maintains cash deposits in other depository institutions that occasionally exceed the amount of deposit insurance available. Management periodically assesses the financial condition of these institutions and believes that the risk of any possible credit loss is minimal. The Company is required to maintain average reserve balances in vault cash with the Federal Reserve Bank based upon outstanding balances of deposit transaction accounts. Based upon the Company’s outstanding transaction deposit balances, the Bank maintained a deposit account with the Federal Reserve Bank of Philadelphia in the amount of zero at September 30, 2018 and 2017. Investment Securities Held-to-maturity Securities are evaluated on a quarterly basis, and more frequently when market conditions warrant such an evaluation, to determine whether declines in their value are other-than-temporary. To determine whether a loss in value is other-than-temporary, management utilizes criteria such as the reasons underlying the decline, the magnitude and duration of the decline and whether or not management intends to sell or expects that it is more likely than not that it will be required to sell the security prior to an anticipated recovery of the fair value. The term “other-than-temporary” is not intended to indicate that the decline is permanent, but indicates that the prospects for a near-term recovery of value is not necessarily favorable, or that there is a lack of evidence to support a realizable value equal to or greater than the carrying value of the investment. Once a decline in value for a debt security is determined to be other-than-temporary, the other-than-temporary impairment is separated into (a) the amount of the total other-than-temporary impairment related to a decrease in cash flows expected to be collected from the debt security (the credit loss) and (b) the amount of the total other-than-temporary impairment related to all other factors. The amount of the total other-than-temporary impairment related to the credit loss is recognized in earnings. The amount of the total other-than-temporary impairment related to all other factors is recognized in other comprehensive income. Loans Receivable The Company, through the Bank, grants mortgage, construction, commercial and consumer loans to customers. Substantially all of our loans are to individuals, businesses and real estate developers in Chester County, Pennsylvania and neighboring areas in southern Pennsylvania, New Jersey and the New York metropolitan marketplace. The ability of the Company’s debtors to honor their contracts is dependent upon, among other factors, the real estate and general economic conditions in this area. Loans receivable that management has the intent and ability to hold until maturity or payoff are stated at their outstanding unpaid principal balances, net of an allowance for loan losses and any deferred fees and costs. Interest income is accrued on the unpaid principal balance. Loan origination fees and costs are deferred and recognized as an adjustment of the yield (interest income) of the related loans using the interest method. The Company is amortizing these amounts over the contractual lives of the loans. The loans receivable portfolio is segmented into residential loans, construction and development loans, commercial loans and consumer loans. The residential loan segment has one class, one- For all classes of loans receivable, the accrual of interest is discontinued when the contractual payment of principal or interest has become 90 days past due or management has serious doubts about further collection of principal or interest, even though the loan is currently performing. A loan may remain on accrual status if it is in the process of collection and is either guaranteed or well secured. When a loan is placed on nonaccrual status, unpaid interest credited to income in the current year is reversed and unpaid interest accrued in prior years is charged against the allowance for loan losses. Interest received on nonaccrual loans, including impaired loans, generally is either applied against principal or reported as interest income, according to management’s judgment as to the collectability of principal. Generally, loans are restored to accrual status when the obligation is brought current, has performed in accordance with the contractual terms for a reasonable period of time (generally six months) and the ultimate collectability of the total contractual principal and interest is no longer in doubt. The past due status of all classes of loans receivable is determined based on contractual due dates for loan payments. In addition to originating loans, the Company purchases consumer and mortgage loans from brokers in our market area. Such purchases are reviewed for compliance with our underwriting criteria before they are purchased, and are generally purchased without recourse to the seller. Premiums and discounts on purchased loans are amortized as adjustments to interest income using the effective yield method. Reserves for unfunded lending commitments represent management’s estimate of losses inherent in its unfunded loan commitments and is recorded in other liabilities on the consolidated statement of financial condition. Allowance for Loan Losses The allowance for credit losses consists of the allowance for loan losses. The allowance for loan losses represents management’s estimate of losses inherent in the loan portfolio as of the consolidated statement of financial condition date and is recorded as a reduction to loans. The allowance for loan losses (“ALLL”, “allowance”) is increased by the provision for loan losses and decreased by charge-offs, net of recoveries. Loans deemed to be uncollectible are charged against the allowance for loan losses, and subsequent recoveries, if any, are credited to the allowance. All, or part, of the principal balance of loans receivable are charged off to the allowance as soon as it is determined that the repayment or collateral recovery of all, or part, of the principal balance is highly unlikely. Non-residential The allowance for credit losses is maintained at a level considered adequate to provide for losses that can be reasonably estimated. Management performs a quarterly evaluation of the adequacy of the allowance. The allowance is based on the Company’s past loan loss experience, known and inherent risks in the portfolio, adverse situations that may affect the borrower’s ability to repay, the estimated value of any underlying collateral, the composition of the loan portfolio, current economic conditions and other relevant factors. This evaluation is inherently subjective as it requires material estimates that may be susceptible to significant revision as more information becomes available. The allowance consists of specific, general and unallocated components. The specific component relates to loans that are classified as impaired. For loans that are classified as impaired, a specific reserve is recognized when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan. The general component covers pools of loans by loan class that are not considered impaired. These pools of loans are evaluated for loss exposure based upon historical loss rates for each of these classes of loans, as adjusted for qualitative factors. These qualitative risk factors include: 1. Lending policies and procedures, including underwriting standards and collection, charge-off, 2. National, regional, and local economic and business conditions as well as the condition of various market segments, including the value of underlying collateral for collateral dependent loans. 3. The nature and volume of the loan portfolio and terms of loans. 4. The experience, ability, and depth of lending management and staff. 5. The volume and severity of past due, classified and nonaccrual loans as well as any other loan modifications. 6. The quality of the Company’s loan review system, and the degree of oversight by the Company’s Board of Directors. 7. The existence and effect of any concentrations of credit and changes in the level of such concentrations. 8. Value of underlying collateral. The qualitative factors are applied to the historical loss rates for each class of loan. In addition, while not reported as a separate factor, changes in the value of underlying collateral (for regional property values) for collateral dependent loans is considered and addressed within the economic trends factor. A quarterly calculation is made adjusting the reserve allocation for each factor within a risk weighted range as it relates to each particular loan type, collateral type and risk rating within each segment. Data is gathered and evaluated through internal, regulatory, and government sources quarterly for each factor. 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 specific and general losses in the portfolio. In addition, the allowance calculation methodology includes further segregation of loan classes into risk rating categories. The borrower’s overall financial condition, repayment sources, guarantors and value of collateral, if appropriate, are evaluated annually for commercial loans or when credit deficiencies arise, such as delinquent loan payments, for commercial and consumer loans. Credit quality risk ratings include categories of “pass,” “special mention,” “substandard” and “doubtful.” Assets classified as “Pass” are those protected by the current net worth and paying capacity of the obligor or by the value of the underlying collateral. Assets which do not currently expose the insured institution to sufficient risk to warrant classification as substandard or doubtful but possess certain identified weaknesses are required to be designated “special mention.” If uncorrected, the potential weaknesses may result in deterioration of the repayment prospects. An asset is considered “substandard” if it is inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. “Substandard” assets include those characterized by the “distinct possibility” that the insured institution will sustain “some loss” if the deficiencies are not corrected. Assets classified as “doubtful” have all of the weaknesses inherent in those classified “substandard” with the added characteristic that the weaknesses present make “collection or liquidation in full,” on the basis of currently existing facts, conditions, and values, “highly questionable and improbable.” Residential Lending. We underwrite one- loan-to-value one- In underwriting one- sub-prime Construction and Development Lending. Construction and development loans generally are considered to involve a higher level of risk than one-to pre-sold Commercial Lending. one- Most of the Company’s commercial business loans have been extended to finance local and regional businesses and include short-term loans to finance machinery and equipment purchases, inventory and accounts receivable. The commercial business loans which we originate may be either a revolving line of credit or for a fixed term of generally 10 years or less. Interest rates are adjustable, indexed to a published prime rate of interest, or fixed. Generally, equipment, machinery, real property or other corporate assets secure such loans. Personal guarantees from the business principals are generally obtained as additional collateral. Consumer Lending. on-going Consumer loans may entail greater credit risk than do residential mortgage loans, particularly in the case of consumer loans which are unsecured or are secured by rapidly depreciable assets, such as automobiles or recreational equipment. In such cases, any repossessed collateral for a defaulted consumer loan may not provide an adequate source of repayment of the outstanding loan balance as a result of the greater likelihood of damage, loss or depreciation. In addition, consumer loan collections are dependent on the borrower’s continuing financial stability, and thus are more likely to be affected by adverse personal circumstances. Furthermore, the application of various federal and state laws, including bankruptcy and insolvency laws, may limit the amount which can be recovered on such loans. Once all factor adjustments are applied, general reserve allocations for each segment are calculated, summarized and reported on the ALLL summary. ALLL final schedules, calculations and the resulting evaluation process are reviewed quarterly. In addition, Federal bank regulatory agencies, as an integral part of their examination process, periodically review the Company’s allowance for loan losses and may require the Company to recognize additions to the allowance based on their judgments about information available to them at the time of their examination. Based on management’s comprehensive analysis of the loan portfolio, management believes the current level of the allowance for loan losses is adequate. 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, cash flow, 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 A specific reserve is established for an impaired loan if its carrying value exceeds its estimated fair value. The estimated fair values of substantially all of the Company’s impaired loans are measured based on the estimated fair value of the loan’s collateral. For commercial loans secured by real estate, estimated fair values are determined primarily through third-party appraisals. When a real estate secured loan becomes impaired, a decision is made regarding whether an updated appraisal of the real estate is necessary. This decision is based on various considerations, including the age of the most recent appraisal, the loan-to-value For commercial and industrial loans secured by non-real Troubled Debt Restructurings Loans whose terms are modified are classified as troubled debt restructurings if the Company grants such borrowers concessions and it is deemed that those borrowers are experiencing financial difficulty. Concessions granted under a troubled debt restructuring may be modified by means of extending the maturity date of the loan, reducing the interest rate on the loan to a rate which is below market, a combination of rate adjustments and maturity extensions, or by other means including covenant modifications, forbearances or other concessions. However, the Company generally only restructures loans by modifying the payment structure to interest only or by reducing the actual interest rate. We do not accrue interest on loans that were non-accrual Loan Servicing Servicing assets are recognized as separate assets when rights are acquired through purchase or through sale of financial assets. For sales of mortgage loans, a portion of the cost of originating the loan is allocated to the servicing right based on relative fair value. Fair value is based on market prices for comparable mortgage servicing contracts, when available, or alternatively is based on a valuation model that calculates the present value of estimated future net servicing income. The valuation model incorporates assumptions that market participants would use in estimating future net servicing income, such as the cost to service, the discount rate, the custodial earnings rate, an inflation rate, ancillary income, prepayment speeds and default rates and losses. Capitalized servicing rights are reported in other assets and are amortized into other expense 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 into tranches based on predominant risk characteristics, such as interest rate, loan type and investor type. Impairment is recognized through a valuation allowance for an individual tranche, to the extent that fair value is less than the capitalized amount for the tranche. If the Company later determines that all or a portion of the impairment no longer exists for a particular tranche, a reduction of the allowance may be recorded as an increase to income. The Company also sells loans in the secondary market with servicing released. Other Real Estate Owned Assets acquired through, or in lieu of, loan foreclosure are held for sale and are initially recorded at fair value at the date of foreclosure, establishing a new cost basis. Subsequent to foreclosure, valuations are periodically performed by management and the assets are carried at the lower of the previously established carrying amount or fair value less cost to sell. Revenue and expenses from operations and changes in the valuation allowance are included in other expenses from other real estate owned. Restricted Stock Restricted stock represents required investments in the common stock of a correspondent bank and is carried at cost. As of September 30, 2018 and 2017, restricted stock consists of the common stock of the Federal Reserve Bank, FHLB and Atlantic Community Bankers Bank (“ACBB”). Management’s evaluation and determination of whether these investments are impaired is based on their assessment of the ultimate recoverability of their cost rather than by recognizing temporary declines in value. The determination of whether a decline affects the ultimate recoverability of an investment’s cost is influenced by criteria such as (1) the significance of the decline in net assets of the Federal Reserve Bank, FHLB and ACBB as compared to the capital stock amount for the Federal Reserve Bank, FHLB and ACBB and the length of time this situation has persisted, (2) commitments by the Federal Reserve Bank, FHLB and ACBB to make payments required by law or regulation and the level of such payments in relation to the operating performance of the Federal Reserve Bank, FHLB and ACBB, and (3) the impact of legislative and regulatory changes on institutions and, accordingly, on the customer base of the Federal Reserve Bank, FHLB and ACBB. During the years ended September 30, 2018 and 2017, there were net repurchases of restricted stock of $3.0 million and $135,000, respectively. Also, as of September 30, 2018 and 2017 the number of restricted shares was 108,151 and 54,787, respectively. There were approximately $467,000, $257,000 and $250,000 of dividends on restricted stock received or recognized in income for fiscal years 2018, 2017 and 2016, respectively. Property and Equipment Property and equipment is carried at cost. Depreciation is computed using the straight-line and accelerated methods over estimated useful lives ranging from 3 to 39 years beginning when assets are placed in service. When assets are retired or otherwise disposed of, the cost and related accumulated depreciation are removed from the accounts and any gain or loss is reflected in income for the period. The cost of maintenance and repairs is charged to income as incurred. Transfers of Financial Assets Transfers of financial assets are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and (3) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity. Bank-Owned Life Insurance The Company invests in bank owned life insurance (“BOLI”) as a source of funding for employee benefit expenses. BOLI involves the purchasing of life insurance by the Bank on a chosen group of employees. The Bank is the owner and beneficiary of the policies. This life insurance investment is carried at the cash surrender value of the underlying policies. Earnings from the increase in cash surrender value of the policies are included in other income on the statement of operations. Employee Benefit Plans The Bank’s 401(k) plan allows eligible participants to set aside a certain percentage of their salaries before taxes. The Company may elect to match employee contributions up to a specified percentage of their respective salaries in an amount determined annually by the Board of Directors. The Company’s matching contribution related to the plan resulted in expenses of $121,000, $115,000, and $90,000, for fiscal 2018, 2017, and 2016, respectively. The Company also maintains an unfunded Supplemental Executive and a Director Retirement Plan (the “Plans”). The accrued amount for the Plans included in other liabilities was $970,000 and $1.1 million at September 30, 2018 and 2017, respectively. Distributions made to directors for each of the fiscal years 2018 and 2017 were approximately $93,000 and $25,000, respectively. The expense associated with the Plans for the years ended September 30, 2018, 2017, and 2016 was $5,000, $30,000, and $11,000, respectively. Derivatives and Hedging The Company records cash flow hedges at the inception of the derivative contract based on the Company’s intentions and belief as to likely effectiveness as a hedge. The Company documents the strategy for entering into the transactions and the method of assessing ongoing effectiveness. Cash flow hedges represent a hedge of a forecasted transaction or the variability of cash flows to be received or paid related to a recognized asset or liability. For a cash flow hedge that is effective, the gain or loss on the derivative is reported in other comprehensive income and is reclassified into earnings in the same periods during which the hedged transaction affects earnings. The changes in the fair value of derivatives that are not highly effective in hedging the changes in fair value or expected cash flows of the hedged item are recognized immediately in current earnings. Changes in the fair value of derivatives that do not qualify for hedge accounting are reported currently in earnings, as noninterest income. Net cash settlements on derivatives that qualify for hedge accounting are recorded in interest income or interest expense, based on the item being hedged. Net cash settlements on derivatives that do not qualify for hedge accounting are reported in noninterest income. Cash flows on hedges are classified in the cash flow statement the same as the cash flows of the items being hedged. To determine fair value, the Company uses third party pricing models that incorporate assumptions about market conditions and risks that are current at the reporting date. The Company does not use derivative instruments for speculative purposes. The Company also formally assesses, both at the hedge’s inception and on an ongoing basis, whether the derivative instruments that are used are highly effective in offsetting changes in fair values or cash flows of the hedged items. The Company discontinues hedge accounting when it determines that the derivative is no longer effective in offsetting changes in the fair value or cash flows of the hedged item, the derivative is settled or terminates, a hedged forecasted transaction is no longer probable, a hedged firm commitment is no longer firm, or treatment of the derivative as a hedge is no longer appropriate or intended. When hedge accounting is discontinued, subsequent changes in fair value of the derivative are recorded as noninterest income. When a cash flow hedge is discontinued but the hedged cash flows or forecasted transactions are still expected to occur, gains or losses that were accumulated in other comprehensive income are amortized into earnings over the same periods which the hedged transactions will affect earnings. Advertising Costs The Company follows the policy of charging the costs of advertising to expense as incurred. Advertising expense was $152,000, $216,000 and $131,000 in fiscal 2018, 2017 and 2016, respectively. Income Taxes Deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. These calculations are based on many complex factors including estimates of the timing of reversals of temporary differences, the interpretation of federal income tax laws and a determination of the differences between the tax and the financial reporting basis of assets and liabilities. Actual results could differ significantly from the estimates and interpretations used in determining the current and deferred income tax assets and liabilities. A valuation allowance is required to be recognized if it is “more likely than not” that a portion of the deferred tax assets will not be realized. The Company’s policy is to evaluate the deferred tax asset on a quarterly basis and record a valuation allowance for our deferred tax asset if we do not have sufficient positive evidence indicating that it is more likely than not that some or all of the deferred tax asset will be realized. The Company’s policy is to account for interest and penalties as components of income tax expense. Commitments and Contingencies In the ordinary course of business, the Company has entered into off-balance Segment Information The Company has one reportable segment, “Community Banking.” All of the Company’s activities are interrelated, and each activity is dependent and assessed based on how each of the activities of the Company supports the others. For example, lending is dependent upon the ability of the Company to fund itself with deposits and other borrowings and manage interest rate and credit risk. Accordingly, all significant operating decisions are based upon analysis of the Company as one segment or unit. Comprehensive Income Accounting principles generally require that recognized revenue, expenses, gains and losses be included in net income. Although certain changes in assets and liabilities, such as unrealized gains and losses on available for sale investment securities, are reported as a separate component of the shareholders’ equity section of the statement of financial condition, such items, along with net income, are components of comprehensive income. For securities transferred from available for sale to held to maturity, the Company records the amortization and/or accretion of unrealized holding losses on such investment securities, in accumulated other comprehensive income. The Company also records changes in the fair value of interest rate derivatives used in its cash flow hedging activities, net of deferred income tax, in accumulated other comprehensive income. Reclassifications Certain reclassifications have been made to the previous year’s consolidated financial statements to conform to the current year’s presentation. These reclassifications had no effect on the Company’s results of operations. Revenue Recognition Accounting Standards Codification (“ASC”) 606, Revenue from Contracts with Customers The majority of our revenue-generating transactions are not subject to ASC 606, including revenue generated from financial instruments, such as our loans, investment securities, derivatives as well as revenue related to BOLI, sales of investment securities, rental income, and gain on sale of loans. Revenue-generating activities that are within the scope of ASC 606, which are presented in our income statements as components of other income include certain fees such as credit card fee income, DDA service and fee income, and debit card fees. Recently Issued Accounting Pronouncements Depository and Lending. (“ASU”) 2018-06, Codification Improvements to Topic 942, Financial Services-Depository and Lending 942-740, Financial Income Taxes. ASU 2018-05, Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 118 In October 2016, the FASB issued ASU No. 2016-16, Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory 2016-16 Income Statement. ASU 2018-02, Income Statement — Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income Derivatives and Hedging. No. 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities. Stock-Based Compensation No. 2017-09, Compensation-Stock Compensation (Topic 718): Scope of Modification Accounting Receivables. No. 2017-08, Receivables-Nonrefundable Fees and Other Costs (Subtopic 310-20): No. 2017-08 No. 2017-08 Statement of Cash Flows. No. 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments (a consensus of the Emerging Issues Task Force) In November 2016, the FASB issued ASU 2016-18, Statement of Cash Flows (Topic 230) Restricted Cash (a consensus of the FASB Emerging Issues Task Force) beginning-of-period end-of Financial Instruments. ASU 2016-01, Financial Instruments — Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments available-for-sale Leases. ASU 2016-02 , Leases (Topic 842) the right-of-use asset. Revenue Recognition. ASU 2014-09, Revenue ASU 2015-14, for Non-interest Non-interest in-scope in-scope 10-Q

Earnings Per Share

Earnings Per Share	12 Months Ended
	Sep. 30, 2018
Earnings Per Share [Abstract]
Earnings Per Share	Note 3 — Earnings Per Share Basic earnings per common share is computed based on the weighted average number of shares outstanding reduced by unearned ESOP shares. Diluted earnings per share is computed based on the weighted average number of shares outstanding and common stock equivalents (“CSEs”) that would arise from the exercise of dilutive securities reduced by unearned ESOP shares. For the fiscal year ended September 30, 2018, the Company issued stock options to purchase 6,996 shares of common stock, as well as 6,400 restricted shares, which are considered CSEs. For the fiscal year ended September 30, 2017, the Company issued stock options to purchase 7,000 shares of common stock, as well as 12,522 restricted shares, which are considered CSEs. For the fiscal year ended September 30, 2016, the Company issued stock options to purchase 5,000 shares of common stock, as well as 1,930 restricted shares. The following table sets forth the composition of the weighted average shares (denominator) used in the earnings per share computations. Year Ended September 30, (In thousands, except per share and share data) 2018 2017 2016 Net Income $ 7,306 $ 5,817 $ 12,150 Weighted average shares outstanding 6,578,097 6,567,788 6,560,012 Average unearned ESOP shares (121,943 ) (136,343 ) (150,747 ) Basic weighted average shares outstanding 6,456,154 6,431,445 6,409,265 Plus: effect of dilutive options and restricted stock 3,356 692 60 Diluted weighted average common shares outstanding 6,459,510 6,432,137 6,409,325 Earnings per share: Basic $ 1.13 $ 0.90 $ 1.90 Diluted $ 1.13 $ 0.90 1.90

Employee Stock Ownership Plan

Employee Stock Ownership Plan	12 Months Ended
	Sep. 30, 2018
Employee Stock Ownership Plan (ESOP), Shares in ESOP [Abstract]
Employee Stock Ownership Plan	Note 4 — Employee Stock Ownership Plan The Company established an employee stock ownership plan (“ESOP”) for substantially all of its full-time employees. As of September 30, 2018, the current ESOP trustee is Pentegra. Shares of the Company’s common stock purchased by the ESOP are held until released for allocation to participants. Shares released are allocated to each eligible participant based on the ratio of each such participant’s base compensation to the total base compensation of all eligible plan participants. As the unearned shares are committed to be released and allocated among participants, the Company recognizes compensation expense equal to the fair value of the ESOP shares during the periods in which they become committed to be released. To the extent that the fair value of the ESOP shares released differs from the cost of such shares, the difference is charged or credited to additional paid-in

Investment Securities

Investment Securities	12 Months Ended
	Sep. 30, 2018
Investments, Debt and Equity Securities [Abstract]
Investment Securities	Note 5 — Investment Securities The Company’s investment securities are classified as available-for-sale held-to-maturity available-for-sale Transfers of debt securities from the available-for-sale held-to-maturity held-to-maturity The following tables present information related to the Company’s investment securities at September 30, 2018 and 2017. September 30, 2018 Amortized Gross Gross Fair (Dollars in thousands) Investment Securities Available-for-Sale: U.S. treasury notes $ 9,996 $ — $ (10 ) $ 9,986 State and municipal obligations 6,953 — (66 ) 6,887 Single issuer trust preferred security 1,000 — (79 ) 921 Corporate debt securities 6,605 — (351 ) 6,254 Mutual fund 250 — — 250 Total 24,804 — (506 ) 24,298 Investment Securities Held-to-Maturity: U.S. government agencies $ 1,999 $ — $ (20 ) $ 1,979 State and municipal obligations 8,181 — (66 ) 8,115 Corporate debt securities 3,715 — (49 ) 3,666 Mortgage-backed securities: Collateralized mortgage obligations, fixed-rate 16,197 — (989 ) 15,208 Total $ 30,092 $ — $ (1,124 ) $ 28,968 Total investment securities $ 54,896 $ — $ (1,630 ) $ 53,266 September 30, 2017 Amortized Gross Gross Fair (Dollars in thousands) Investment Securities Available-for-Sale: State and municipal obligations $ 6,992 $ 39 $ (2 ) $ 7,029 Single issuer trust preferred security 1,000 — (66 ) 934 Corporate debt securities 6,627 — (253 ) 6,374 Mutual fund 250 — — 250 Total 14,869 39 (321 ) 14,587 Investment Securities Held-to-Maturity: U.S. government agencies $ 1,999 $ — $ (8 ) $ 1,991 State and municipal obligations 9,574 89 — 9,663 Corporate debt securities 3,818 26 — 3,844 Mortgage-backed securities: Collateralized mortgage obligations, fixed-rate 19,524 1 (457 ) 19,068 Total $ 34,915 $ 116 $ (465 ) $ 34,566 Total investment securities $ 49,784 $ 155 $ (786 ) $ 49,153 For fiscal 2018, no available-for-sale available-for-sale available-for-sale The varying amount of sales from the available-for-sale The following tables indicate gross unrealized losses not recognized in income and fair value, aggregated by investment category and the length of time individual securities have been in a continuous unrealized loss position at September 30, 2018 and 2017. September 30, 2018 Less than 12 Months More than 12 Total Fair Unrealized Fair Unrealized Fair Unrealized (Dollars in thousands) Investment Securities Available-for-Sale: U.S. treasury notes $ 9,986 $ (10 ) $ — $ — $ 9,986 $ (10 ) State and municipal obligations 5,433 (56 ) 1,000 (10 ) 6,433 (66 ) Single issuer trust preferred security — — 921 (79 ) 921 (79 ) Corporate debt securities — — 6,254 (351 ) 6,254 (351 ) Total $ 15,419 $ (66 ) $ 8,175 $ (440 ) $ 23,594 $ (506 ) Investment Securities Held-to-Maturity: U.S. government agencies — — 1,979 (20 ) 1,979 (20 ) State and municipal obligations 8,115 (66 ) — — 8,115 (66 ) Corporate securities 3,666 (49 ) — — 3,666 (49 ) Mortgage-backed securities: CMO, fixed-rate 127 (6 ) 15,081 (983 ) 15,208 (989 ) Total 11,908 (121 ) 17,060 (1,003 ) 28,968 (1,124 ) Total investment securities $ 27,327 $ (187 ) $ 25,235 $ (1,443 ) $ 52,562 $ (1,630 ) September 30, 2017 Less than 12 More than 12 Months Total Fair Unrealized Fair Unrealized Fair Unrealized (In thousands) Investment Securities Available-for-Sale: State and municipal obligations $ — $ — $ 500 $ (2 ) $ 500 $ (2 ) Single issuer trust preferred security — — 934 (66 ) 934 (66 ) Corporate debt securities — — 6,375 (253 ) 6,375 (253 ) Total $ — $ — $ 7,809 $ (321 ) $ 7,809 $ (321 ) Investment Securities Held-to-Maturity: U.S. government agencies — — 1,991 (8 ) 1,991 (8 ) State and municipal obligations — — — — — — Mortgage-backed securities: CMO, fixed-rate — — 18,902 (457 ) 18,902 (457 ) Total — — 20,893 (465 ) 20,893 (465 ) Total investment securities $ — $ — $ 28,702 $ (786 ) $ 28,702 $ (786 ) As of September 30, 2018, the estimated fair value of the securities disclosed above was primarily dependent upon the movement in market interest rates, particularly given the inherent credit risk associated with these securities. These investment securities are comprised of securities that are rated investment grade by at least one bond credit rating service. Although the fair value will fluctuate as the market interest rates move, management believes that these fair values will recover as the underlying portfolios mature and are reinvested in market rate yielding investments. As of September 30, 2018, the Company held one U.S. government treasury note, two U.S. government agency securities, seventeen municipal bonds, four corporate securities, thirty-seven mortgage-backed securities, and one single issuer trust preferred security which were in an unrealized loss position. As of September 30, 2017, the Company held two municipal bonds, three corporate securities, 36 mortgage-backed securities, two U.S. government agency securities and one single issuer trust preferred security which were in an unrealized loss position. The Company does not intend to sell and expects that it is not more likely than not that it will not be required to sell these securities until such time as the value recovers or the securities mature. Management does not believe any individual unrealized loss as of September 30, 2018 represents other-than-temporary impairment. Investment securities having a carrying value of approximately $17.9 million and $9.6 million at September 30, 2018 and September 30, 2017, respectively, were pledged to secure public deposits. In addition, investment securities having a carrying value of $3.1 million and $6.2 million were pledged to secure short-term borrowings at September 30, 2018 and September 30, 2017, respectively. The following table presents information for investment securities at September 30, 2018, based on scheduled maturities. Actual maturities can be expected to differ from scheduled maturities due to prepayment or early call options of the issuer. September 30, 2018 Amortized Fair (In thousands) Investment Securities Available-for-Sale: Due in one year or less $ 11,000 $ 10,984 Due after one year through five years 7,405 7,229 Due after five years through ten years 5,944 5,630 Due after ten years 455 455 Total $ 24,804 $ 24,298 Investment Securities Held-to-Maturity: Due in one year or less $ 1,000 $ 993 Due after one year through five years 999 986 Due after five years through ten years 5,578 5,490 Due after ten years 6,318 6,291 Mortgage-backed securities: Collateralized mortgage obligations, fixed-rate 16,197 15,208 Total $ 30,092 $ 28,968 Total investment securities $ 54,896 $ 53,266

Loans Receivable and Related Al

Loans Receivable and Related Allowance for Loan Losses	12 Months Ended
	Sep. 30, 2018
Receivables [Abstract]
Loans Receivable and Related Allowance for Loan Losses	Note 6 — Loans Receivable and Related Allowance for Loan Losses Loans receivable in the Company’s portfolio consisted of the following at the dates indicated: September 30, 2018 2017 (In thousands) Residential mortgage $ 197,219 $ 192,500 Construction and Development: Residential and commercial 37,433 35,622 Land 9,221 18,377 Total Construction and Development 46,654 53,999 Commercial: Commercial real estate 493,929 437,760 Farmland 12,066 1,723 Multi-family 45,102 39,768 Other 80,059 74,837 Total Commercial 631,156 554,088 Consumer: Home equity lines of credit 14,884 16,509 Second mortgages 18,363 22,480 Other 2,315 2,570 Total Consumer 35,562 41,559 Total loans 910,591 842,146 Deferred loan fees and cost, net 566 590 Allowance for loan losses (9,021 ) (8,405 ) Total loans receivable, net $ 902,136 $ 834,331 The following table summarizes the primary classes of the allowance for loan losses, segregated into the amount required for loans individually evaluated for impairment and the amount required for loans collectively evaluated for impairment as of and for the years ended September 30, 2018, 2017 and 2016. Year Ended September 30, 2018 Construction and Commercial Consumer Residential Residential Land Commercial Estate Farmland Multi- Other Home of Credit Second Other Unallocated Total (in thousands) Allowance for loan losses: Beginning balance $ 1,004 $ 523 $ 132 $ 3,581 $ 9 $ 224 $ 541 $ 90 $ 402 $ 27 $ 1,872 $ 8,405 Charge-offs (60 ) — — (276 ) — — (45 ) — (88 ) (2 ) — (471 ) Recoveries 58 — — 11 — — 4 1 52 7 — 133 Provisions 60 (130 ) (83 ) 1,715 57 8 (33 ) (9 ) (40 ) 19 (610 ) 954 Ending Balance $ 1,062 $ 393 $ 49 $ 5,031 $ 66 $ 232 $ 467 $ 82 $ 326 $ 51 $ 1,262 $ 9,021 Ending balance: individually evaluated for impairment $ — $ — $ — $ 1,448 $ — $ — $ — $ — $ 103 $ 26 $ — $ 1,577 Ending balance: collectively evaluated for impairment $ 1,062 $ 393 $ 49 $ 3,583 $ 66 $ 232 $ 467 $ 82 $ 223 $ 25 $ 1,262 $ 7,444 Loans receivable: Ending balance $ 197,219 $ 37,433 $ 9,221 $ 493,929 $ 12,066 $ 45,102 $ 80,059 $ 14,884 $ 18,363 $ 2,315 $ 910,591 Ending balance: individually evaluated for impairment $ 3,148 $ — $ 76 $ 17,409 $ — $ — $ — $ 34 $ 635 $ 26 $ 21,328 Ending balance: collectively evaluated for impairment $ 194,071 $ 37,433 $ 9,145 $ 476,520 $ 12,066 $ 45,102 $ 80,059 $ 14,850 $ 17,728 $ 2,289 $ 889,263 Year Ended September 30, 2017 Construction and Commercial Consumer Residential Residential Land Commercial Estate Farmland Multi- Other Home Second Other Unallocated Total (in thousands) Allowance for loan losses: Beginning balance $ 1,201 $ 199 $ 97 $ 1,874 $ — $ 109 $ 158 $ 116 $ 467 $ 34 $ 1,179 $ 5,434 Charge-offs — — — — — — — — (218 ) (5 ) — (223 ) Recoveries 2 90 — 40 — — 9 18 232 12 — 403 Provisions (199 ) 234 35 1,667 9 115 374 (44 ) (79 ) (14 ) 693 2,791 Ending Balance $ 1,004 $ 523 $ 132 $ 3,581 $ 9 $ 224 $ 541 $ 90 $ 402 $ 27 $ 1,872 $ 8,405 Ending balance: individually evaluated for impairment $ — $ — $ — $ — $ — $ — $ 109 $ — $ 128 $ — $ — $ 237 Ending balance: collectively evaluated for impairment $ 1,004 $ 523 $ 132 $ 3,581 $ 9 $ 224 $ 432 $ 90 $ 274 $ 27 $ 1,872 $ 8,168 Loans receivable: Ending balance $ 192,500 $ 35,622 $ 18,377 $ 437,760 $ 1,723 $ 39,768 $ 74,837 $ 16,509 $ 22,480 $ 2,570 $ 842,146 Ending balance: individually evaluated for impairment $ 2,262 $ — $ 94 $ 555 $ — $ — $ 243 $ 10 $ 356 $ — $ 3,520 Ending balance: collectively evaluated for impairment $ 190,238 $ 35,622 $ 18,283 $ 437,205 $ 1,723 $ 39,768 $ 74,594 $ 16,499 $ 22,124 $ 2,570 $ 838,626 Year Ended September 30, 2016 Construction and Commercial Consumer Residential Residential Land Commercial Estate Multi- Other Home Second Mortgages Other Unallocated Total (In thousands) Allowance for loan losses: Beginning balance $ 1,486 $ 30 $ 35 $ 1,235 $ 104 $ 108 $ 139 $ 761 $ 24 $ 745 $ 4,667 Charge-offs (9 ) (91 ) — (99 ) — — — (291 ) (70 ) — (560 ) Recoveries 17 243 — 3 — 3 1 100 13 — 380 Provision (293 ) 17 62 735 5 47 (24 ) (103 ) 67 434 947 Ending Balance $ 1,201 $ 199 $ 97 $ 1,874 $ 109 $ 158 $ 116 $ 467 $ 34 $ 1,179 $ 5,434 Ending balance: individually evaluated for impairment $ — $ — $ — $ — $ — $ — $ — $ 23 $ — $ — $ 23 Ending balance: collectively evaluated for impairment $ 1,201 $ 199 $ 97 $ 1,874 $ 109 $ 158 $ 116 $ 444 $ 34 $ 1,179 $ 5,411 Loans receivable: Ending balance $ 209,186 $ 18,579 $ 10,013 $ 231,439 $ 19,515 $ 38,779 $ 19,757 $ 29,204 $ 1,914 $ 578,386 Ending balance: individually evaluated for impairment $ 1,159 $ 109 $ — $ 2,039 $ — $ — $ 74 $ 277 $ — $ 3,658 Ending balance: collectively evaluated for impairment $ 208,027 $ 18,470 $ 10,013 $ 229,400 $ 19,515 $ 38,779 $ 19,683 $ 28,927 $ 1,914 $ 574,728 In assessing the adequacy of the ALLL, it is recognized that the process, methodology and underlying assumptions require a significant degree of judgment. The estimation of credit losses is not precise; the range of factors considered is wide and is significantly dependent upon management’s judgment, including the outlook and potential changes in the economic environment. At present, components of the commercial loan segments of the portfolio are new originations and the associated volumes continue to see increased growth. At the same time, historical loss levels have decreased as factors in assessing the portfolio. Any unallocated portion of the allowance reflects management’s estimate of probable inherent but undetected losses within the portfolio due to uncertainties in economic conditions, delays in obtaining information, including unfavorable information about a borrower’s financial condition, the difficulty in identifying triggering events that correlate perfectly to subsequent loss rates, and risk factors that have not yet manifested themselves in loss allocation factors. The following table presents impaired loans in portfolio by class, segregated by those for which a specific allowance was required and those for which a specific allowance was not necessary as of September 30, 2018 and 2017. Impaired Loans With Impaired Total Impaired Loans Recorded Related Recorded Recorded Unpaid (In thousands) September 30, 2018: Residential mortgage $ — $ — $ 3,148 $ 3,148 $ 3,337 Construction and Development: Land — — 76 76 76 Commercial: Commercial real estate 16,343 1,448 1,066 17,409 17,685 Consumer: Home equity lines of credit — — 34 34 34 Second mortgages 120 103 515 635 730 Other 26 26 — 26 26 Total impaired loans $ 16,489 $ 1,577 $ 4,839 $ 21,328 $ 21,888 September 30, 2017: Residential mortgage $ — $ — $ 2,262 $ 2,262 $ 2,379 Construction and Development: Land — — 94 94 94 Commercial: Commercial real estate — — 555 555 555 Other 243 109 — 243 243 Consumer: Home equity lines of credit — — 10 10 11 Second mortgages 131 128 225 356 385 Total impaired loans $ 374 $ 237 $ 3,146 $ 3,520 $ 3,667 The following table presents the average recorded investment in impaired loans in portfolio and related interest income recognized year ended September 30, 2018, 2017 and 2016. Average Interest Income (In thousands) Year Ended September 30, 2018: Residential mortgages $ 1,833 $ 56 Construction and Development: Land 65 5 Commercial: Commercial real estate 6,510 245 Other 138 — Consumer: Home equity lines of credit 14 — Second mortgages 458 8 Other 1 — Total $ 9,019 $ 314 Year Ended September 30, 2017: Residential mortgages $ 2,076 $ 52 Construction and Development: Residential and commercial 80 4 Land 24 1 Commercial: Commercial real estate 932 18 Other 144 2 Consumer: Home equity lines of credit 38 — Second mortgages 209 3 Total $ 3,503 $ 80 Year Ended September 30, 2016: Residential mortgages $ 707 $ — Construction and Development: Residential and commercial 150 4 Commercial: Commercial real estate 1,646 69 Consumer: Home equity lines of credit 24 — Second mortgages 214 — Total $ 2,741 $ 73 No additional funds are committed to be advanced in connection with impaired loans. The following table presents the classes of the loan portfolio summarized by loans considered to be rated as pass and the categories of special mention, substandard and doubtful within the Company’s internal risk rating system as of September 30, 2018 and 2017. September 30, 2018 Pass Special Substandard Doubtful Total (In thousands) Residential mortgage $ 193,584 $ — $ 3,635 $ — $ 197,219 Construction and Development: Residential and commercial 37,433 — — — 37,433 Land 9,146 — 75 — 9,221 Commercial: Commercial real estate 474,232 949 18,748 — 493,929 Farmland 12,066 — — — 12,066 Multi-family 45,102 — — — 45,102 Other 79,902 — 157 — 80,059 Consumer: Home equity lines of credit 14,707 — 177 — 14,884 Second mortgages 17,402 103 858 — 18,363 Other 2,289 — 26 — 2,315 Total $ 885,863 $ 1,052 $ 23,676 $ — $ 910,591 September 30, 2017 Pass Special Substandard Doubtful Total (In thousands) Residential mortgage $ 189,925 $ 114 $ 2,461 $ — $ 192,500 Construction and Development: Residential and commercial 35,622 — — — 35,622 Land 13,207 — 5,170 — 18,377 Commercial: Commercial real estate 431,336 4,456 1,968 — 437,760 Farmland 1,723 — — — 1,723 Multi-family 39,410 358 — — 39,768 Other 73,935 — 902 — 74,837 Consumer: Home equity lines of credit 16,399 — 110 — 16,509 Second mortgages 21,611 112 757 — 22,480 Other 2,563 6 1 — 2,570 Total $ 825,731 $ 5,046 $ 11,369 $ — $ 842,146 The following table presents loans on which we are no longer accruing interest by portfolio class at the dates indicated. September 30, 2018 2017 (In thousands) Residential mortgage $ 1,817 $ 826 Commercial: Commercial real estate 520 — Consumer: Home equity lines of credit 34 10 Second mortgages 290 202 Other 26 — Total non-accrual $ 2,687 $ 1,038 Under the Bank’s loan policy, once a loan has been placed on non-accrual Management further monitors the performance and credit quality of the loan portfolio by analyzing the age of the portfolio as determined by whether a loan payment is “current,” that is, it is received from a borrower by the scheduled due date, or the length of time a scheduled payment is past due. The following table presents the classes of the loan portfolio summarized by the aging categories as of September 30, 2018 and 2017. Current 30-59 60-89 90 Total Total Accruing (in thousands) September 30, 2018: Residential mortgage $ 193,727 $ 450 $ 1,016 $ 2,026 $ 3,492 $ 197,219 $ 339 Construction and Development: Residential and commercial 37,433 — — — — 37,433 — Land 9,221 — — — — 9,221 — Commercial: Commercial real estate 485,886 449 7,019 575 8,043 493,929 — Farmland 12,066 — — — — 12,066 — Multi-family 45,102 — — — — 45,102 — Other 80,059 — — — — 80,059 — Consumer: Home equity lines of credit 14,815 — — 69 69 14,884 35 Second mortgages 17,928 121 103 211 435 18,363 — Other 2,282 7 1 25 33 2,315 — Total $ 898,519 $ 1,027 $ 8,139 $ 2,906 $ 12,072 $ 910,591 $ 374 Current 30-59 60-89 90 Total Total Accruing (in thousands) September 30, 2017: Residential mortgage $ 189,272 $ 1,442 $ 1,145 $ 641 $ 3,228 $ 192,500 $ 31 Construction and Development: Residential and commercial 35,622 — — — — 35,622 — Land 18,377 — — — — 18,377 — Commercial: Commercial real estate 436,804 160 796 — 956 437,760 — Farmland 1,723 — — — — 1,723 — Multi-family 39,768 — — — — 39,768 — Other 74,837 — — — — 74,837 — Consumer: Home equity lines of credit 16,122 350 37 — 387 16,509 — Second mortgages 21,183 844 182 271 1,297 22,480 141 Other 2,561 7 1 1 9 2,570 1 Total $ 836,269 $ 2,803 $ 2,161 $ 913 $ 5,877 $ 842,146 $ 173 Restructured loans deemed to be trouble debt restructures (“TDRs”) are typically the result of extension of the loan maturity date or a reduction of the interest rate of the loan to a rate that is below market, a combination of rate and maturity extension, or by other means including covenant modifications, forbearance and other concessions. However, the Company generally only restructures loans by modifying the payment structure to require payments of interest only for a specified period or by reducing the actual interest rate. Once a loan becomes a TDR, it will continue to be reported as a TDR during the term of the restructure. The Company had eighteen and twelve loans classified as TDRs with an aggregate outstanding balance of $18.9 million and $2.3 million at September 30, 2018 and 2017, respectively. At September 30, 2018, these loans were also classified as impaired. Fifteen of the TDR loans continue to perform under the restructured terms through September 30, 2018 and we continued to accrue interest on such loan through such date. In November 2018, one TDR with an aggregate outstanding balance of approximately $7.0 million ceased to perform under modified terms and as a result the Company is in the process of accepting a deed in lieu. The increase in TDRs at September 30, 2018 compared to September 30, 2017 was primarily due to two commercial real estate loans with an aggregate outstanding balance of approximately $16.4 million moving to performing TDR status in the second fiscal quarter of 2018. All of such loans have been classified as TDRs since we modified the payment terms and in some cases interest rate from the original agreements and allowed the borrowers, who were experiencing financial difficulty, to make interest only payments for a period of time in order to relieve some of their overall cash flow burden. Some loan modifications classified as TDRs may not ultimately result in the full collection of principal and interest, as modified, and result in potential incremental losses. These potential incremental losses have been factored into our overall estimate of the allowance for loan losses. The level of any defaults will likely be affected by future economic conditions. A default on a troubled debt restructured loan for purposes of this disclosure occurs when the borrower is 90 days past due or a foreclosure or repossession of the applicable collateral has occurred. TDRs may arise in which, due to financial difficulties experienced by the borrower, the Company obtains through physical possession one or more collateral assets in satisfaction of all or part of an existing credit. Once possession is obtained, the Company reclassifies the appropriate portion of the remaining balance of the credit from loans to OREO, which is included within other assets in the Consolidated Statements of Financial Condition. For any residential real estate property collateralizing a consumer mortgage loan, the Company is considered to possess the related collateral only if legal title is obtained upon completion of foreclosure, or the borrower conveys all interest in the residential real estate property to the Company through completion of a deed in lieu of foreclosure or similar legal agreement. Excluding OREO, the Company had $1.4 million and $252,000 of residential real estate properties in the process of foreclosure at September 30, 2018 and 2017, respectively. Total Troubled Debt Troubled Debt Restructured Number of Recorded Number of Recorded (Dollars in thousands) At September 30, 2018: Residential mortgage 10 $ 1,816 3 $ 289 Construction and Development: Land 1 76 Commercial: Commercial real estate 4 16,889 — — Consumer Second mortgages 3 148 — — Total 18 $ 18,929 3 $ 289 At September 30, 2017: Residential mortgage 6 $ 1,464 — $ — Construction and Development: Land 1 94 Commercial: Commercial real estate 2 554 — — Consumer Second mortgages 3 148 1 22 Total 12 $ 2,260 1 $ 22 The following table reports the performing status of all TDR loans. The performing status is determined by the loan’s compliance with the modified terms. September 30, 2018 2017 Performing Non-Performing Performing Non-Performing (In thousands) Residential mortgage $ 1,527 $ 289 $ 1,464 $ — Construction and Development: Land 76 — 94 — Commercial: Commercial real estate 16,889 — 554 — Consumer Second mortgages 148 — 126 22 Total $ 18,640 $ 289 $ 2,238 $ 22 The following table shows the new TDRs for the twelve months ended September 30, 2018 and 2017. September 30, 2018 2017 Restructured During Period Number Pre- Modifications Post- Number Pre- Modifications Post- (In thousands) Troubled Debt Restructurings: Residential mortgage 4 $ 389 $ 386 4 $ 1,236 $ 1,236 Commercial: Commercial real estate 2 16,417 16,343 — — — Consumer: Second mortgages — — — 3 153 153 Total 6 $ 16,806 $ 16,729 7 $ 1,389 $ 1,389 The following table sets forth the aggregate dollar amount of loans to principal officers, directors and their affiliates in the normal course of business of the Company. Year Ended (In thousands) 2018 2017 Balance at beginning of year $ 12,335 $ 7,992 New loans 9,018 7,231 Repayments (12,662 ) (2,888 ) Balance at end of year $ 8,691 $ 12,335 At September 30, 2018, 2017 and 2016, the Company was servicing loans for the benefit of others in the amounts of $29.3 million, $36.1 million and $45.4 million, respectively. A summary of mortgage servicing rights included in other assets and the activity therein follows for the periods indicated: September 30, 2018 2017 2016 (In thousands) Balance at beginning of year $ 268 $ 328 $ 401 Amortization (45 ) (60 ) (73 ) Balance at end of year $ 223 $ 268 $ 328 For the fiscal year ended September 30, 2018, 2017 and 2016, the fair value of servicing rights was determined using a base discount rate between 11% and 12%. The fair market value is evaluated by a third party vendor on a quarterly basis for impairment purposes only. For the fiscal year ended September 30, 2018, we sold $9.2 million of long-term, fixed-rate residential mortgage loans with servicing released. This transaction resulted in a gain of $102,000. For the year ended September 30, 2018, the Company only sold loans with servicing released. For the fiscal year ended September 30, 2017, we sold $9.3 million of long-term, fixed-rate residential mortgage loans with servicing released. This transaction resulted in a gain of $154,000. For the year ended September 30, 2017, the Company only sold loans with servicing released. For the fiscal year ended September 30, 2016, we sold $6.4 million of long-term, fixed-rate residential mortgage loans with servicing released. This transaction resulted in a gain of $116,000. For the year ended September 30, 2016, the Company only sold loans with servicing released. No valuation allowance on servicing rights has been recorded at September 30, 2018, 2017, or 2016.

Property and Equipment

Property and Equipment	12 Months Ended
	Sep. 30, 2018
Property, Plant and Equipment [Abstract]
Property and Equipment	Note 7 — Property and Equipment Property and equipment, net consisted of the following at September 30, 2018 and 2017: Estimated Useful September 30, 2018 2017 (In thousands) Land — $ 711 $ 711 Building and improvements 10-39 11,533 12,465 Construction in process — 117 109 Furniture, fixtures and equipment 3-7 5,560 5,366 17,921 18,651 Accumulated depreciation (10,740 ) (11,144 ) $ 7,181 $ 7,507 Depreciation expense was approximately $758,000, $724,000 and $650,000 for the years ended September 30, 2018, 2017 and 2016, respectively. The Company realized a gain on sale of the Exton, Pennsylvania branch location of $1.2 million during the fiscal first quarter of 2018.

Deposits

Deposits	12 Months Ended
	Sep. 30, 2018
Deposits [Abstract]
Deposits	Note 8 — Deposits Deposits classified by interest rates with percentages to total deposits at September 30, 2018 and 2017 consisted of the following: September 30, 2018 2017 Amount Percent Amount Percent (Dollars in thousands) Balances by types of deposit: Savings $ 44,642 5.77 % $ 44,526 5.63 % Money market accounts 270,834 34.98 276,404 34.97 Interest bearing demand 184,073 23.78 155,579 19.69 Non-interest 41,677 5.38 42,121 5.33 541,226 69.91 518,630 65.62 Certificates of deposit 232,937 30.09 271,766 34.38 Total $ 774,163 100.00 % $ 790,396 100.00 % The total amount of certificates of deposit of $250,000 and greater at September 30, 2018 and 2017 was $37.7 million and $21.8 million, respectively. We had brokered deposits totaling $88.3 million and $103.7 million at September 30, 2018 and 2017, respectively. Interest expense on deposits consisted of the following for the years: September 30, 2018 2017 2016 (In thousands) Savings accounts $ 36 $ 37 $ 33 Money market accounts 3,271 1,985 874 Interest bearing demand 1,742 353 139 Certificates of deposit 4,151 3,861 3,491 Total deposits $ 9,200 $ 6,236 $ 4,537 The following is a schedule of certificates of deposit maturities. September 30, (In thousands) Maturing in the Fiscal Year Ending September 30, 2019 $ 110,875 2020 69,894 2021 24,039 2022 4,276 2023 6,788 Thereafter 17,064 $ 232,937 Deposits from related parties held by the Company at September 30, 2018 and 2017 amounted to $10.1 million and $11.4 million, respectively.

Borrowings

Borrowings	12 Months Ended
	Sep. 30, 2018
Debt Disclosure [Abstract]
Borrowings	Note 9 — Borrowings Under terms of its collateral agreement with the FHLB, the Company maintains otherwise unencumbered qualifying assets in an amount at least equal to its borrowings. Under an agreement with the FHLB, the Company has a line of credit available in the amount of $150.0 million, of which none was outstanding at September 30, 2018 or 2017. The interest rate on the line of credit at September 30, 2018 and 2017 was 2.38% and 1.27%, respectively. The summary of long-term borrowings as of September 30, 2018 and 2017 are as follows: September 30, 2018 2017 Amount Weighted Amount Weighted (Dollars in thousands) Due by September 30: 2018 — — 35,000 0.45 2019 90,000 1.41 55,000 1.62 2020 28,000 2.82 28,000 2.82 Total FHLB Advances $ 118,000 1.58 % $ 118,000 1.51 % At September 30, 2018, the Company had $118.0 million in outstanding long-term fixed rate FHLB advances and $230.1 million in potential FHLB advances available to us, which is based on the amount of FHLB stock held or levels of other assets, including U.S. government securities, and certain mortgage loans which are available for collateral. During fiscal 2018 and 2017 the Company had purchased securities sold under agreements to repurchase as a short-term funding source. At September 30, 2018, the Company had $2.5 million in securities sold under agreements to repurchase at a rate of 2.5%. At September 30, 2017, the Company had $5.0 million in securities sold under agreements to repurchase at a rate of 1.46%.

Derivatives

Derivatives	12 Months Ended
	Sep. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives	Note 10 — Derivatives The Company is exposed to certain risks arising from both its business operations and economic conditions. The Company principally manages its exposures to a wide variety of business and operational risks through management of its core business activities. The Company manages economic risks, including interest rate, liquidity, and credit risk primarily by managing the amount, sources, and duration of its debt funding and the use of derivative financial instruments. Specifically, the Company enters into derivative financial instruments to manage exposures that arise from business activities that result in the payment of future uncertain cash amounts, the value of which are determined by interest rates. The Company’s objectives in using interest rate derivatives are to add stability to interest expense and to manage its exposure to interest rate movements. To accomplish this objective, the Company primarily uses interest rate swaps as part of its interest rate risk management strategy. Interest rate swaps designated as cash flow hedges involve the receipt of variable amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. The effective portion of changes in the fair value of derivatives designated and that qualify as cash flow hedges is recorded in Accumulated Other Comprehensive Income and is subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. At September 30, 2018, such derivatives were used to hedge the variable cash flows associated with FHLB advances. The ineffective portion of the change in fair value of the derivatives is recognized directly in earnings. The Company’s derivatives did not have any hedge ineffectiveness recognized in earnings during fiscal 2018, 2017 and 2016. Amounts reported in accumulated other comprehensive income related to derivatives will be reclassified to interest expense as interest payments are made on the Company’s variable-rate debt. During the next twelve months, the Company estimates approximately $423,000 to be reclassified to earnings in interest expense. The Company is hedging its exposure to the variability in future cash flows for forecasted transactions over a maximum period of twenty months (excluding forecasted transactions related to the payment of variable interest on existing financial instruments). The table below presents the fair value of the Company’s derivative financial instruments designated as hedging instruments as well as their classification on the Consolidated Statements of Financial Condition as of September 30, 2018 and 2017: September 30, 2018 Notional Fair Balance Sheet Expiration Date (dollars in thousand) Derivatives designated as hedging instruments Interest rate swaps by effective date: August 3, 2015 $ 15,000 $ 308 Other assets August 3, 2020 February 5, 2016 20,000 763 Other assets February 1, 2021 October 22, 2018 30,000 174 Other assets October 22, 2021 September 30, 2017 Notional Fair Balance Sheet Expiration Date (dollars in thousand) Derivatives designated as hedging instruments Interest rate swaps by effective date: August 3, 2015 $ 15,000 $ 9 Other assets August 3, 2020 February 5, 2016 20,000 367 Other assets February 1, 2021 An interest benefit recorded on these swaps transactions totaled approximately $134,000 for the fiscal year ended September 30, 2018, and is reported as a component of interest expense on FHLB Advances. Interest expense recorded on these swaps transactions totaled approximately $159,000 and $272,000 for the fiscal years ended September 30, 2017 and 2016, respectively, and is reported as a component of interest expense on FHLB Advances. The tables below present the net gains (losses) recorded in accumulated other comprehensive income and the Consolidated Statements of Operations relating to the cash flow derivative instruments for the years ended September 30, 2018, 2017, and 2016. For the Year Ended September 30, 2018 Amount of Amount of Amount of Non-Interest (in thousands) August 3, 2015 $ 314 $ 15 $ — February 5, 2016 515 119 — October 22, 2018 174 — — For the Year Ended September 30, 2017 Amount of Amount of Amount of (in thousands) August 3, 2015 $ 293 $ (111 ) $ — February 5, 2016 466 (48 ) — For the Year Ended September 30, 2016 Amount of Amount of Amount of (in thousands) August 3, 2015 $ (270 ) $ (188 ) $ — February 5, 2016 (231 ) (84 ) — The Company has agreements with each of its derivative counterparties that contain a provision where if the Company defaults on any of its indebtedness, including default where repayment of the indebtedness has not been accelerated by the lender, then the Company could also be declared in default on its derivative obligations. At September 30, 2018 and September 30, 2017, the fair value of derivatives was in a net asset position, which includes accrued interest but excludes any adjustment for nonperformance risk, related to these agreements. There were no adjustments for nonperformance risk at September 30, 2018 and September 30, 2017. At September 30, 2018 and September 30, 2017, the Company has minimum collateral posting thresholds with certain of its derivative counterparties and has posted collateral of zero for both periods against its obligations under these agreements. If the Company had breached any of these provisions at September 30, 2018, it could have been required to settle its obligations under the agreements at the termination value and would have been required to pay any additional amounts due in excess of amounts previously posted as collateral with the respective counterparty.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Sep. 30, 2018
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 11 — Fair Value Measurements The Company follows FASB ASC Topic 820 “Fair Value Measurement,” to record fair value adjustments to certain assets and to determine fair value disclosures for the Company’s financial instruments. Investment and mortgage-backed securities available for sale are recorded at fair value on a recurring basis. Additionally, from time to time, the Company may be required to record at fair value other assets on a nonrecurring basis, such as impaired loans, real estate owned and certain other assets. These nonrecurring fair value adjustments typically involve application of lower-of-cost-or-market The Company groups its assets at fair value in three levels, based on the markets in which the assets are traded and the reliability of the assumptions used to determine fair value. These levels are: Level 1 — Valuation is based upon quoted prices for identical instruments traded in active markets. Level 2 — Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market. Level 3 — Valuation is generated from model-based techniques that use significant assumptions not observable in the market. These unobservable assumptions reflect the Company’s own estimates of assumptions that market participants would use in pricing the asset. The Company bases its fair values on the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. It is our policy to maximize the use of observable inputs and minimize the use of unobservable inputs when developing fair value measurements, in accordance with the fair value hierarchy. Fair value measurements for assets where there exists limited or no observable market data and, therefore, are based primarily upon the Company’s or other third-party’s estimates, are often calculated based on the characteristics of the asset, the economic and competitive environment and other factors. Therefore, the results cannot be determined with precision and may not be realized in an actual sale or immediate settlement of the asset. Additionally, there may be inherent weaknesses in any calculation technique, and changes in the underlying assumptions used, including discount rates and estimates of future cash flows, could significantly affect the results of current or future valuations. The Company monitors and evaluates available data to perform fair value measurements on an ongoing basis and recognizes transfers among the levels of the fair value hierarchy as of the date event or a change in circumstances that affects the valuation method chosen. There were no changes in valuation technique or transfers between levels as of and for the years ended September 30, 2018 and 2017. The tables below present the balances of assets measured at fair value on a recurring basis at September 30, 2018 and 2017: September 30, 2018 Total Level 1 Level 2 Level 3 (in thousands) Assets: Investment securities available-for-sale: Debt securities: U.S. treasury notes $ 9,986 $ 9,986 $ — $ — State and municipal obligations 6,887 — 6,887 — Single issuer trust preferred security 921 — 921 — Corporate debt securities 6,254 — 6,254 — Mutual funds 250 — — 250 Total investment securities available-for-sale $ 24,298 $ 9,986 $ 14,062 $ 250 Derivative instruments $ 1,245 $ — $ 1,245 $ — September 30, 2017 Total Level 1 Level 2 Level 3 (in thousands) Assets: Investment securities available-for-sale: Debt securities: State and municipal obligations $ 7,029 $ — $ 7,029 $ — Single issuer trust preferred security 934 — 934 — Corporate debt securities 6,374 — 6,374 — Mutual funds 250 — — 250 Total investment securities available-for-sale 14,587 — 14,337 250 Derivative instruments $ 376 $ — $ 376 $ — For assets measured at fair value on a nonrecurring basis in fiscal 2018 and fiscal 2017 that were still held at the end of the period, the following table provides the level of valuation assumptions used to determine each adjustment and the carrying value of the related individual assets or portfolios at September 30, 2018 and 2017: September 30, 2018 Total Level 1 Level 2 Level 3 (in thousands) Impaired loans (1) $ 15,611 $ — $ — $ 15,611 Total $ 15,611 $ — $ — $ 15,611 September 30, 2018 Fair Value at Valuation Technique Unobservable Input Range/(Weighted (dollars in thousands) Impaired loans (1) $ 15,611 Appraisal of collateral (2) Collateral discounts (3) 8%-12%/(7.9%) Total $ 15,611 (1) At September 30, 2018, consisted of twelve loans with an aggregate balance of $17.2 million and with $1.6 million in specific loan loss allowance. (2) Fair value is generally determined through independent appraisals of the underlying collateral primarily using comparable sales. (3) Appraisals may be adjusted by management for qualitative factors such as time, changes in economic conditions and estimated liquidation expense. September 30, 2017 Total Level 1 Level 2 Level 3 (in thousands) Impaired loans (1) $ 137 $ — $ — $ 137 Total $ 137 $ — $ — $ 137 September 30, 2017 Fair Value at Valuation Technique Unobservable Input Range/(Weighted (dollars in thousands) Impaired loans (1) $ 137 Appraisal of collateral (2) Collateral discounts (3) 0%/(0%) Total $ 137 (1) At September 30, 2017, consisted of five loans with an aggregate balance of $374,000 and with $237,000 in specific loan loss allowance. (2) Fair value is generally determined through independent appraisals of the underlying collateral primarily using comparable sales. (3) Appraisals may be adjusted by management for qualitative factors such as time, changes in economic conditions and estimated liquidation expense. The following disclosure of the estimated fair value of financial instruments is made in accordance with the requirements of FASB ASC 825. The estimated fair value amounts have been determined by the Company using available market information and appropriate valuation methods. However, considerable judgment is necessarily required to interpret market data to develop the estimates of fair value. Accordingly, the estimates presented herein are not necessarily indicative of the amounts the Company would realize in a current market exchange. The use of different market assumptions and/or estimation methodologies may have a material effect on the estimated fair value amounts. FASB ASC 825 excludes certain financial instruments and all non-financial The fair value estimates presented herein are based on pertinent information available to management as of September 30, 2018 and 2017. Although management is not aware of any factors that would significantly affect the estimated fair value amounts, such amounts have not been comprehensively revalued for purposes of these financial statements since September 30, 2018 and 2017 and, therefore, current estimates of fair value may differ significantly from the amounts presented herein. The following assumptions were used to estimate the fair value of the Company’s financial instruments: Cash and Cash Equivalents Investment Securities Loans Receivable charge-off Impaired Loans Accrued Interest Receivable Restricted Stock Other Real Estate Owned Deposits Borrowings Subordinated Debt Derivatives over-the-counter Accrued Interest Payable Commitments to Extend Credit and Letters of Credit Mortgage Servicing Rights The carrying amount and estimated fair value of the Company’s financial instruments as of September 30, 2018 and 2017 were as follows: Carrying Fair Value Level 1 Level 2 Level 3 (in thousands) September 30, 2018: Financial assets: Cash and cash equivalents $ 30,834 $ 30,834 $ 30,834 $ — $ — Investment securities available-for-sale 24,298 24,298 9,986 14,062 250 Investment securities held-to-maturity 30,092 28,968 — 28,968 — Loans receivable, net (including impaired loans) 902,136 893,520 — — 893,520 Accrued interest receivable 3,800 3,800 — 3,800 — Restricted stock 8,537 8,537 — 8,537 — Mortgage servicing rights (included in Other Assets) 223 268 — 268 — Derivatives 1,245 1,245 — 1,245 — Financial liabilities: Savings accounts 44,642 44,642 — 44,642 — Checking and NOW accounts 225,750 225,750 — 225,750 — Money market accounts 270,834 270,834 — 270,834 — Certificates of deposit 232,937 234,398 — 234,398 — Borrowings (excluding sub debt) 120,500 120,420 — 120,420 — Subordinated debt 24,461 24,461 24,461 Accrued interest payable 784 784 — 784 — September 30, 2017: Financial assets: Cash and cash equivalents $ 117,136 $ 117,136 $ 117,136 $ — $ — Investment securities available-for-sale 14,587 14,587 — 14,337 250 Investment securities held-to-maturity 34,915 34,566 — 34,566 — Loans receivable, net (including impaired loans) 834,331 839,242 — — 839,242 Accrued interest receivable 3,139 3,139 — 3,139 — Restricted stock 5,559 5,559 — 5,559 — Mortgage servicing rights (included in Other) Assets) 268 271 — 271 — Derivatives 376 376 376 Financial liabilities: Savings accounts 44,526 44,526 — 44,526 — Checking and NOW accounts 197,700 197,700 — 197,700 — Money market accounts 276,404 276,404 — 276,404 — Certificates of deposit 271,766 273,723 — 273,723 — Borrowings (excluding sub debt 123,000 123,658 — 123,658 — Subordinated debt 24,303 24,303 24,303 Accrued interest payable 694 694 — 694 —

Income Taxes

Income Taxes	12 Months Ended
	Sep. 30, 2018
Income Tax Disclosure [Abstract]
Income Taxes	Note 12 — Income Taxes In accordance with ASC Topic 740, the Company evaluates on a quarterly basis, all evidence, both positive and negative, to determine whether, based on the weight of that evidence, a valuation allowance for DTAs is needed. In conducting this evaluation, management explores all possible sources of taxable income available under existing tax laws to realize the net deferred tax asset beginning with the most objectively verifiable evidence first, including available carry back claims and viable tax planning strategies. If needed, management will look to future taxable income as a potential source. Management reviews the Company’s current financial position and its results of operations for the current and preceding years. That historical information is supplemented by all currently available information about future years. The Company understands that projections about future performance are subjective. In the fiscal first quarter of 2018, the Company revised its estimated annual effective rate to reflect a change in the federal statutory rate from 34% to 21%, resulting from legislation that was enacted on December 22, 2017. The rate change is administratively effective at the beginning of our calendar year, using a blended rate for the annual period. As a result, the blended statutory tax rate for the fiscal year is 24.25%. We have recorded a provisional amount of $2.0 million related to the re-measurement one-time Deferred income taxes at September 30, 2018 and 2017 were as follows: September 30, 2018 2017 (In thousands) Deferred Tax Assets: Allowance for loan losses $ 3,089 $ 4,279 Non-accrual 39 16 Alternative minimum tax (AMT) credit carryover — 526 Low-income — 217 Supplement Employer Retirement Plan 228 386 Depreciation — 146 Federal and State net operating loss 141 935 Unrealized loss on investments available-for-sale 106 96 Other 77 388 Total Deferred Tax Assets 3,680 6,989 Valuation allowance for DTA — — Total Deferred Tax Assets, Net of Valuation Allowance $ 3,680 $ 6,989 Deferred Tax Liabilities: Unrealized gain on derivatives (261 ) — Mortgage servicing rights (52 ) (89 ) Depreciation (86 ) — Other (86 ) (229 ) Total Deferred Tax Liabilities (485 ) (318 ) Deferred Tax Assets, Net $ 3,195 $ 6,671 Of these DTA, the carryforward periods for certain tax attributes are as follows: • Gross state operating loss carryforwards of approximately $7.3 million (net DTA of $141,000) which will begin to expire in the fiscal year 2036; Income tax expense (benefit) for the years ended September 30, 2018, 2017 and 2016 was comprised of the following: September 30, 2018 2017 2016 (In thousands) Federal: Current $ 1,039 $ 404 $ 142 Deferred ($2.3 million impact of change in tax law) 3,765 2,092 (6,316 ) 4,804 2,496 (6,174 ) State: Current (116 ) 426 — Deferred (412 ) — — (528 ) 426 — Total income tax expense (benefit) $ 4,276 $ 2,922 $ (6,174 ) A reconciliation from the expected federal income tax expense computed at the statutory federal income tax rate to the actual income tax expense included in the consolidated statements of income for the years ended September 30, 2018, 2017 and 2016: September 30, 2018 2017 2016 (Dollars in thousands) Tax at statutory rate $ 2,809 24.3 % $ 2,971 34.0 % $ 2,032 34.0 % Adjustments resulting from: State tax, net of federal benefit (574 ) (5.0 ) 281 3.2 — — Tax-exempt (147 ) (1.3 ) (161 ) (1.9 ) (265 ) (4.1 ) Earnings on bank-owned life insurance (116 ) (1.0 ) (172 ) (2.0 ) (176 ) (2.9 ) DTA valuation allowance — — — — (8,007 ) (133.6 ) Other 274 2.4 3 0.1 242 3.3 Subtotal 2,246 19.4 % 2,922 33.4 % (6,174 ) (103.3 )% Impact of change in tax law 2,030 17.5 — — — — Total $ 4,276 36.9 % $ 2,922 33.4 % $ (6,174 ) (103.3 )% 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 like than not to be sustained upon examination by tax authorities. As of September 30, 2018 and 2017, 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 limitation by the Internal Revenue Service and state taxing authorities for the years ended September 30, 2015 to September 30, 2018. The Small Business Job Protection Act of 1996 provides for the repeal of the tax bad debt deduction computed under the percentage-of-taxable-income six-year

Leases

Leases	12 Months Ended
	Sep. 30, 2018
Leases [Abstract]
Leases	Note 13 — Leases Pursuant to the terms of non-cancelable Years ending September 30: 2019 $ 514 2020 467 2021 499 2022 479 2023 471 Thereafter 1,285 $ 3,715 The Company receives rents from the lease of office and residential space owned by the Company. Rental income in included in Other Income. Future minimum rental commitments under these leases are (In thousands): Years ending September 30: 2019 $ 132 2020 75 2021 77 2022 55 2023 — $ 339

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Sep. 30, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 14 — Commitments and Contingencies The Company is a party to financial instruments with off-balance 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 amount of those instruments. The Company uses the same credit policies in making commitments and conditional obligations as it does for on-balance Letters of credit are conditional commitments issued by the Company guaranteeing payments of drafts in accordance with the terms of the letter of credit agreements. Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third party. Collateral may be required to support letters of credit based upon management’s evaluation of the creditworthiness of each customer. The credit risk involved in issuing letters of credit is substantially the same as that involved in extending loan facilities to customers. Most letters of credit expire within one year. At September 30, 2018 and 2017, the uncollateralized portion of the letters of credit extended by the Company was approximately $7.1 million and $4.7 million, respectively. The current amount of the liability for guarantees under letters of credit was not material as of September 30, 2018 or 2017. At September 30, 2018 and 2017, the following financial instruments were outstanding whose contract amounts represent credit risk: September 30, 2018 2017 (In thousands) Commitments to extend credit: Future loan commitments $ 52,390 $ 80,273 Undisbursed construction loans 25,128 37,064 Undisbursed home equity lines of credit 26,498 26,440 Undisbursed commercial lines of credit 36,288 34,311 Undisbursed commercial unsecured lines of credit 35,103 21,035 Overdraft protection lines 1,312 1,339 Standby letters of credit 7,122 4,650 Total Commitments $ 183,841 $ 205,112 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 credit worthiness on a case-by-case Unfunded commitments under commercial lines of credit are collateralized except for the overdraft protection lines of credit and commercial unsecured lines of credit. The amount of collateral obtained is based on management’s credit evaluation, and generally includes personal or commercial real estate. Various legal claims arise from time to time in the normal course of business which, in the opinion of management, will have no material effect on the Company’s consolidated financial statements.

Regulatory Matters

Regulatory Matters	12 Months Ended
	Sep. 30, 2018
Banking and Thrift [Abstract]
Regulatory Matters	Note 15 — Regulatory Matters 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 In July of 2013, the respective U.S. federal banking agencies issued final rules implementing Basel III and the Dodd-Frank Act capital requirements to be fully phased in on a global basis on January 1, 2019. The new regulations establish a new tangible common equity capital requirement, increase the minimum requirement for the current Tier 1 risk-weighted asset (“RWA”) ratio, phase out certain kinds of intangibles treated as capital and certain types of instruments and change the risk weightings of certain assets used to determine required capital ratios. The new common equity Tier 1 capital component requires capital of the highest quality – predominantly composed of retained earnings and common stock instruments. For community banks such as Malvern Bank, a common equity Tier 1 capital ratio of 4.5% became effective on January 1, 2015. The new capital rules also increased the minimum Tier 1 capital ratio from 4.0% to 6.0% beginning on January 1, 2015. The rules also establish a capital conservation buffer of 2.5% above the new regulatory minimum capital requirements, which must consist entirely of common equity Tier 1 capital and would result in the following minimum ratios: (1) a common equity Tier 1 capital ratio of 7.0%, (2) a Tier 1 capital ratio of 8.5%, and (3) a total capital ratio of 10.5%. The new capital conservation buffer requirement was phased in beginning in January 2016 at 0.625% of risk-weighted assets and will increase by that amount each year until fully implemented in January 2019. An institution is also subject to limitations on paying dividends, engaging in share repurchases, and paying discretionary bonuses if its capital level falls below the buffer amount. These limitations establish a maximum percentage of eligible retained income that could be utilized for such actions. 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 tangible and core capital (as defined in the regulations) to total adjusted tangible assets (as defined) and of risk-based capital (as defined) to risk-weighted assets (as defined). As of September 30, 2018, the Company’s and the Bank’s current capital levels exceed the required capital amounts to be considered “well capitalized” and we believe they also meet the fully-phased in minimum capital requirements, including the related capital conservation buffers, as required by the Basel III capital rules. The following table summarizes the Company’s compliance with applicable regulatory capital requirements as of September 30, 2018 and 2017: Actual For Capital To Be Well (Dollars in thousands) Capital Ratio Capital Ratio Capital Ratio As of September 30, 2018: Tier 1 Leverage (Core) Capital (to average assets) $ 110,239 10.63 % $ 41,491 4.00 % $ 51,864 5.00 % Common Equity Tier 1 Capital (to risk weighted assets) 110,239 12.62 % 39,322 4.50 % 56,799 6.50 % Tier 1 Capital (to risk weighted assets) 110,239 12.62 % 52,430 6.00 % 69,906 8.00 % Total Risk Based Capital (to risk weighted assets) 143,787 16.45 % 69,906 8.00 % 87,383 10.00 % As of September 30, 2017: Tier 1 Leverage (Core) Capital (to average assets) $ 100,779 10.00 % $ 40,315 4.00 % $ 50,394 5.00 % Common Equity Tier 1 Capital (to risk weighted assets) 100,779 12.28 % 36,945 4.50 % 53,364 6.50 % Tier 1 Capital (to risk weighted assets) 100,779 12.28 % 49,260 6.00 % 65,679 8.00 % Total Risk Based Capital (to risk weighted assets) 133,549 16.27 % 65,679 8.00 % 82,099 10.00 % The following table summarizes the Bank’s compliance with applicable regulatory capital requirements as of September 30, 2018 and 2017: Actual For Capital To Be Well (Dollars in thousands) Capital Ratio Capital Ratio Capital Ratio As of September 30, 2018: Tier 1 Leverage (to average assets) $ 131,746 12.71 % $ 41,450 4.00 % $ 51,812 5.00 % Common Equity Tier 1 Capital (to risk weighted assets) 131,746 15.09 % 39,293 4.50 % 56,756 6.50 % Tier 1 Capital (to risk weighted assets) 131,746 15.09 % 52,390 6.00 % 69,853 8.00 % Total Capital (to risk weighted assets) 140,833 16.13 % 69,853 8.00 % 87,317 10.00 % As of September 30, 2017: Tier 1 Leverage (to average assets) $ 120,902 12.02 % $ 40,234 4.00 % $ 50,292 5.00 % Common Equity Tier 1 Capital (to risk weighted assets) 120,902 14.75 % 36,894 4.50 % 53,292 6.50 % Tier 1 Capital (to risk weighted assets) 120,902 14.75 % 49,192 6.00 % 65,590 8.00 % Total Capital (to risk weighted assets) 129,369 15.78 % 65,590 8.00 % 81,987 10.00 % The following table presents a reconciliation of the Bank’s equity determined using accounting principles generally accepted in the United States of America (“US GAAP”) and its regulatory capital amounts as of September 30, 2018 and 2017: September 30, 2018 2017 (In thousands) Bank GAAP equity $ 132,330 $ 122,643 Disallowed portion of deferred tax asset — (1,679 ) Net unrealized loss (gain) on securities available for sale, net of income taxes 400 186 Net unrealized loss (gain) on derivatives, net of income taxes (984 ) (248 ) Tangible Capital, Core Capital and Tier 1 Capital 131,746 120,902 Allowance for loan losses 9,087 8,467 Total Risk-Based Capital $ 140,833 $ 129,369

Comprehensive Income (Loss)

Comprehensive Income (Loss)	12 Months Ended
	Sep. 30, 2018
Equity [Abstract]
Comprehensive Income (Loss)	Note 16 — Comprehensive Income (Loss) The components of accumulated other comprehensive income (loss) included in shareholders’ equity are as follows: September 30, 2018 2017 2016 (In thousands) Net unrealized holding gains (losses) on available-for-sale $ (506 ) $ (282 ) $ 447 Tax effect 106 96 (152 ) Net of tax amount (400 ) (186 ) 295 Fair value adjustment on derivatives 1,245 376 (542 ) Tax effect (261 ) (128 ) 184 Net of tax amount 984 248 (358 ) Total accumulated other comprehensive income (loss) $ 584 $ 62 $ (63 ) Other comprehensive income and related tax effects are presented in the following table: Year Ended September 30, 2018 2017 2016 (In thousands) Net unrealized holding (losses) gains on available-for-sale securities $ (229 ) $ (275 ) $ 2,128 Net realized gain on securities available-for-sale — (463 ) (565 ) Amortization of unrealized holding losses on securities available-for-sale held-to-maturity 6 9 9 Fair value adjustment on derivatives 868 918 (194 ) Other comprehensive income before taxes 645 189 1,378 Tax effect (156 ) (64 ) (362 ) Total comprehensive income $ 489 $ 125 $ 1,016

Equity Based Incentive Compensa

Equity Based Incentive Compensation Plan	12 Months Ended
	Sep. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Equity Based Incentive Compensation Plan	Note 17 — Equity Based Incentive Compensation Plan The Company maintains the Malvern Bancorp, Inc. 2014 Long-Term Incentive Compensation Plan (the “2014 Plan”), which permits the grant of long-term incentive and other stock and cash awards. The purpose of the 2014 Plan is to promote the success of the Company and the Bank by providing incentives to officers, employees and directors of the Company and the Bank that will link their personal interests to the financial success of the Company and to growth in shareholder value. The maximum total number of shares of the Company’s common stock available for grants under the 2014 Plan is 400,000. As of September 30, 2018, there were 361,598 remaining shares available for future grants. Restricted stock and option awards granted during fiscal 2018 vest in 20% increments beginning on the one- All awards are issued at fair value of the underlying shares at the grant date. The Company expenses the cost of the awards, which is determined to be the fair market value of the awards at the date of grant. During fiscal 2018, 2017, and 2016 stock options covering a total 6,996, 7,000, and 5,000 shares of common stock, respectively, were granted. Total compensation expense related to options granted under the 2014 Plan was approximately $19,000 for fiscal 2018, $10,000 for fiscal 2017, and $3,000 for fiscal 2016. During fiscal 2018, 6,400 shares of restricted stock were awarded and 700 of those shares were forfeited. During fiscal 2017, 12,522 shares of restricted stock were awarded and 241 of those shares were forfeited. During fiscal 2016, 2,240 shares of restricted stock were awarded and 310 of those shares were forfeited. The compensation expense related to restricted stock awards was approximately $123,000 for fiscal 2018, $100,000 for fiscal 2017 and $5,000 in fiscal 2016. Stock-based compensation expense for the cost of the awards granted is based on the grant-date fair value. For stock option awards, the fair value is estimated at the date of grant using the Black-Scholes option-pricing model. This model requires the input of highly subjective assumptions, changes to which can materially affect the fair value estimate. Additionally, there may be other factors that would otherwise have a significant effect on the value of employee stock options granted but are not considered by the model. Accordingly, while management believes that the Black-Scholes option-pricing model provides a reasonable estimate of fair value, the model does not necessarily provide the best single measure of fair value for the Company’s employee stock options. Stock Options The assumptions used in determining the fair value of stock option grants for the year ended September 30, 2018 are as follows: Weighted average fair value of awards $ 7.86 Risk-free rate 2.28 % Dividend yield — % Volatility 24.10 % Expected life 6.5 years The assumptions used in determining the fair value of stock option grants for the year ended September 30, 2017 are as follows: Weighted average fair value of awards $ 6.99 Risk-free rate 2.17 % Dividend yield — % Volatility 28.23 % Expected life 6.5 years The following is a summary of currently outstanding options at September 30, 2018: Shares Weighted Weighted Average (In Years) Aggregate Intrinsic Outstanding, beginning of year 11,000 $ 19.19 $ 83,170 Granted 6,996 $ 26.20 — Exercised — — — Forfeited/cancelled/expired (2,000 ) $ 18.51 $ 7,580 Outstanding, end of year 15,996 $ 22.34 8.635 $ 41,490 Exercisable at end of year 2,400 $ 18.51 7.995 $ 13,056 Nonvested at end of year 13,596 $ 23.02 The following is a summary of currently outstanding options at September 30, 2017: Shares Weighted Weighted Average (In Years) Aggregate Intrinsic Outstanding, beginning of year 5,000 $ 16.02 $ 1,900 Granted 7,000 $ 21.00 — Exercised — — — Forfeited/cancelled/expired (1,000 ) $ 16.02 $ 4,780 Outstanding, end of year 11,000 $ 19.19 9.129 $ 83,170 The following is a summary of currently outstanding options at September 30, 2016: Shares Weighted Weighted Average (In Years) Aggregate Intrinsic Outstanding, beginning of year — — — Granted 5,000 $ 16.02 — Exercised — — — Forfeited/cancelled/expired — — — Outstanding, end of year 5,000 $ 16.02 9.498 $ 1,900 As of September 30, 2018, there was $84,000 of total unrecognized compensation cost related to non-vested Restricted Stock Awards The table below summarizes the activity for the Company’s restricted stock outstanding at September 30, 2018: Shares Weighted Outstanding, beginning of year 10,711 $ 20.36 Granted 6,400 26.20 Vested (2,071 ) 20.22 Forfeited/cancelled/expired (700 ) 21.00 Outstanding, end of year 14,340 $ 22.95 The table below summarizes the activity for the Company’s restricted stock outstanding at September 30, 2017: Shares Weighted Outstanding, beginning of year 1,930 $ 17.40 Granted 12,522 20.79 Vested (3,500 ) 20.46 Forfeited/cancelled/expired (241 ) 17.40 Outstanding, end of year 10,711 $ 20.36 The table below summarizes the activity for the Company’s restricted stock outstanding at September 30, 2016: Shares Weighted Outstanding, beginning of year — — Granted 2,240 $ 17.40 Vested — — Forfeited/cancelled/expired (310 ) 17.40 Outstanding, end of year 1,930 $ 17.40 As of September 30, 2018, there was $278,000 of total unrecognized compensation cost related to non-vested

Subordinated Debt

Subordinated Debt	12 Months Ended
	Sep. 30, 2018
Debt Disclosure [Abstract]
Subordinated Debt	Note 18 — Subordinated Debt On February 7, 2017, the Company issued $25.0 million in aggregate principal amount of its 6.125% fixed-to-floating 3-month The Company may not redeem the Notes prior to February 15, 2022, except that the Company may redeem the Notes at any time, at its option, in whole but not in part, subject to obtaining any required regulatory approvals, if (i) a change or prospective change in law occurs that could prevent the Company from deducting interest payable on the Notes for U.S. federal income tax purposes, (ii) a subsequent event occurs that precludes the Notes from being recognized as Tier 2 capital for regulatory capital purposes, or (iii) the Company is required to register as an investment company under the Investment Company Act of 1940, as amended, in each case, at a redemption price equal to 100% of the principal amount of the Notes plus any accrued and unpaid interest through, but excluding, the redemption date.

Condensed Financial Information

Condensed Financial Information - Parent Company Only	12 Months Ended
	Sep. 30, 2018
Condensed Financial Information Disclosure [Abstract]
Condensed Financial Information - Parent Company Only	Note 19 — Condensed Financial Information — Parent Company Only Condensed Statements of Financial Condition September 30, 2018 2017 (In thousands) Assets Cash and Cash Equivalents $ 3,606 $ 7,157 Investment in subsidiaries 132,330 122,643 Loans receivable, net 1,421 1,568 Other assets 657 689 Total Assets $ 138,014 $ 132,057 Liabilities Subordinated debt $ 24,461 $ 24,303 Other borrowings 2,500 5,000 Accrued interest payable 196 204 Accounts payable 34 30 Total Liabilities 27,191 29,537 Shareholders’ Equity 110,823 102,520 Total Liabilities and Shareholders’ Equity $ 138,014 $ 132,057 Condensed Statements of Operations Year Ended September 30, 2018 2017 2016 (In thousands) Income Interest income $ 74 $ 81 $ 116 Total Interest Income 74 81 116 Expense Long-term borrowings 1,594 1,021 — Total Interest Expense 1,594 1,021 — Other operating expenses 382 272 189 Total Other Expenses 382 272 189 Total Expense 1,976 1,293 189 Loss before Equity in Undistributed Net Income of Subsidiaries and Income Tax Expense (1,902 ) (1,212 ) (73 ) Equity in Undistributed Net Income of Subsidiaries 8,748 6,792 12,334 Income tax (benefit) expense (460 ) (237 ) 111 Net Income $ 7,306 $ 5,817 $ 12,150 Condensed Statements of Comprehensive Income Year Ended September 30, (In thousands) 2018 2017 2016 Net Income $ 7,306 $ 5,817 $ 12,150 Other Comprehensive Income (Loss), Net of Tax: Unrealized holding gains (losses) on available-for-sale (229 ) (275 ) 2,128 Tax effect 48 94 (723 ) Net of tax amount (181 ) (181 ) 1,405 Reclassification adjustment for net gains arising during the period (1) — (463 ) (565 ) Tax effect — 157 192 Net of tax amount — (306 ) (373 ) Accretion of unrealized holding losses on securities transferred from available-for-sale held-to-maturity (2) 6 9 9 Tax effect (1 ) (3 ) (3 ) Net of tax amount 5 6 6 Fair value adjustment on derivatives 868 918 (194 ) Tax effect (203 ) (312 ) 172 Net of tax amount 665 606 (22 ) Total other comprehensive income 489 125 1,016 Total comprehensive income $ 7,795 $ 5,942 $ 13,166 (1) Amounts are included in net gain on sales of securities on the Consolidated Statements of Operations in total other income. (2) Amounts are included in interest and dividends on investment securities on the Consolidated Statements of Operations. Condensed Statements of Cash Flows Year Ended September 30, 2018 2017 2016 (In thousands) Cash Flows from Operating Activities Net income $ 7,306 $ 5,817 $ 12,150 Undistributed net income of subsidiaries (8,748 ) (6,792 ) (12,334 ) ESOP shares committed to be released 366 311 242 Stock based compensation 142 110 — Amortization of subordinated debt issuance costs 158 39 — Increase in other assets (418 ) (620 ) (2,629 ) (Decrease) increase in other liabilities (4 ) 196 18 Net Cash Used in Operating Activities (1,198 ) (939 ) (2,553 ) Cash Flows from Investing Activities Proceeds from maturities and principal collection on investments held to maturity — — 287 Loan originations and principal collections, net 147 140 133 Net Cash Provided by Investing Activities 147 140 420 Cash Flows from Financing Activities Net proceeds from issuance of subordinated debt — 24,264 — Capitalization from Bancorp to Malvern Federal Savings Bank — (24,500 ) — Proceeds from other borrowings — 10,000 — Repayment of borrowings (2,500 ) (5,000 ) — Net Cash (Used in) Provided by Financing Activities (2,500 ) 4,764 — Net (Decrease) Increase in Cash and Cash Equivalents (3,551 ) 3,965 (2,133 ) Cash and Cash Equivalents — Beginning 7,157 3,192 5,325 Cash and Cash Equivalents — Ending $ 3,606 $ 7,157 $ 3,192 Supplementary Cash Flows Information Non-cash $ — $ — $ 5,475

Quarterly Financial Information

Quarterly Financial Information of Malvern Bancorp Inc. (Unuadited)	12 Months Ended
	Sep. 30, 2018
Quarterly Financial Information Disclosure [Abstract]
Quarterly Financial Information of Malvern Bancorp Inc. (Unuadited)	Note 20 — Quarterly Financial Information of Malvern Bancorp Inc. (Unuadited) The following tables are a summary of certain quarterly financial data for the fiscal years ended September 30, 2018 and 2017. 2018 4 th 3 rd 2 nd 1 st (Dollars in thousands, except per share data) Total Interest and Dividend Income $ 10,617 $ 10,198 $ 9,704 $ 9,511 Total Interest Expense 3,508 3,222 3,136 3,129 Net Interest Income 7,109 6,976 6,568 6,382 Provision for Loan Losses 125 589 240 — Total Other Income 429 715 449 1,711 Total Other Expenses 4,437 4,790 4,105 4,471 Income before income tax expense 2,976 2,312 2,672 3,622 Income tax expense 334 69 654 3,219 Net Income $ 2,642 $ 2,243 $ 2,018 $ 403 Earnings Per Common Share: Basic $ 0.41 $ 0.35 $ 0.31 $ 0.06 Diluted $ 0.41 $ 0.35 $ 0.31 0.06 Weighted Average Common Shares Outstanding Basic 6,464,326 6,453,031 6,448,691 6,445,264 Diluted 6,467,628 6,456,048 6,452,246 6,450,513 2017 4 th 3 rd 2 nd 1 st (Dollars in thousands, except per share data) Total Interest and Dividend Income $ 9,529 $ 8,973 $ 8,175 $ 7,105 Total Interest Expense 2,822 2,574 2,184 1,866 Net Interest Income 6,707 6,399 5,991 5,239 Provision for Loan Losses 489 645 997 660 Total Other Income 532 814 542 453 Total Other Expenses 3,813 3,986 3,778 3,570 Income before income tax expense 2,937 2,582 1,758 1,462 Income tax expense 982 863 588 489 Net Income $ 1,955 $ 1,719 $ 1,170 $ 973 Earnings Per Common Share: Basic $ 0.30 $ 0.27 $ 0.18 $ 0.15 Diluted $ 0.30 $ 0.27 $ 0.18 0.15 Weighted Average Common Shares Outstanding Basic 6,441,731 6,443,515 6,427,309 6,418,583 Diluted 6,445,151 6,445,288 6,427,932 6,419,012

Subsequent Event

Subsequent Event	12 Months Ended
	Sep. 30, 2018
Subsequent Events [Abstract]
Subsequent Event	Note 21 — Subsequent Event As previously disclosed in the Company’s Form 8-K

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Sep. 30, 2018
Accounting Policies [Abstract]
Basis of Presentation and Consolidation	Basis of Presentation and Consolidation The consolidated financial statements at and for the years ended September 30, 2018, 2017 and 2016 include the accounts of Malvern Bancorp, Inc. and its subsidiaries. All significant intercompany transactions and balances have been eliminated.
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 income and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses and the valuation of deferred tax assets.
Significant Group Concentrations of Credit Risk	Significant Group Concentrations of Credit Risk Most of the Company’s activities are with customers located within Chester County, Pennsylvania. In addition to Chester County, our lending efforts are focused in neighboring Bucks County, Montgomery County and Delaware County, which are also in southeastern Pennsylvania, New Jersey and the New York metropolitan marketplace. Note 5 discusses the types of investment securities that the Company invests in. Note 6 discusses the types of lending that the Company engages in. The Company does not have any significant concentrations to any one industry or customer. Although the Company has a diversified portfolio, its debtor’s ability to honor their contracts is influenced by, among other factors, the region’s economy.
Cash and Cash Equivalents	Cash and Cash Equivalents For purposes of reporting cash flows, cash and cash equivalents include cash on hand, amounts due from depository institutions and interest bearing deposits. The Company maintains cash deposits in other depository institutions that occasionally exceed the amount of deposit insurance available. Management periodically assesses the financial condition of these institutions and believes that the risk of any possible credit loss is minimal. The Company is required to maintain average reserve balances in vault cash with the Federal Reserve Bank based upon outstanding balances of deposit transaction accounts. Based upon the Company’s outstanding transaction deposit balances, the Bank maintained a deposit account with the Federal Reserve Bank of Philadelphia in the amount of zero at September 30, 2018 and 2017.
Investment Securities	Investment Securities Held-to-maturity Securities are evaluated on a quarterly basis, and more frequently when market conditions warrant such an evaluation, to determine whether declines in their value are other-than-temporary. To determine whether a loss in value is other-than-temporary, management utilizes criteria such as the reasons underlying the decline, the magnitude and duration of the decline and whether or not management intends to sell or expects that it is more likely than not that it will be required to sell the security prior to an anticipated recovery of the fair value. The term “other-than-temporary” is not intended to indicate that the decline is permanent, but indicates that the prospects for a near-term recovery of value is not necessarily favorable, or that there is a lack of evidence to support a realizable value equal to or greater than the carrying value of the investment. Once a decline in value for a debt security is determined to be other-than-temporary, the other-than-temporary impairment is separated into (a) the amount of the total other-than-temporary impairment related to a decrease in cash flows expected to be collected from the debt security (the credit loss) and (b) the amount of the total other-than-temporary impairment related to all other factors. The amount of the total other-than-temporary impairment related to the credit loss is recognized in earnings. The amount of the total other-than-temporary impairment related to all other factors is recognized in other comprehensive income.
Loans Receivable	Loans Receivable The Company, through the Bank, grants mortgage, construction, commercial and consumer loans to customers. Substantially all of our loans are to individuals, businesses and real estate developers in Chester County, Pennsylvania and neighboring areas in southern Pennsylvania, New Jersey and the New York metropolitan marketplace. The ability of the Company’s debtors to honor their contracts is dependent upon, among other factors, the real estate and general economic conditions in this area. Loans receivable that management has the intent and ability to hold until maturity or payoff are stated at their outstanding unpaid principal balances, net of an allowance for loan losses and any deferred fees and costs. Interest income is accrued on the unpaid principal balance. Loan origination fees and costs are deferred and recognized as an adjustment of the yield (interest income) of the related loans using the interest method. The Company is amortizing these amounts over the contractual lives of the loans. The loans receivable portfolio is segmented into residential loans, construction and development loans, commercial loans and consumer loans. The residential loan segment has one class, one- For all classes of loans receivable, the accrual of interest is discontinued when the contractual payment of principal or interest has become 90 days past due or management has serious doubts about further collection of principal or interest, even though the loan is currently performing. A loan may remain on accrual status if it is in the process of collection and is either guaranteed or well secured. When a loan is placed on nonaccrual status, unpaid interest credited to income in the current year is reversed and unpaid interest accrued in prior years is charged against the allowance for loan losses. Interest received on nonaccrual loans, including impaired loans, generally is either applied against principal or reported as interest income, according to management’s judgment as to the collectability of principal. Generally, loans are restored to accrual status when the obligation is brought current, has performed in accordance with the contractual terms for a reasonable period of time (generally six months) and the ultimate collectability of the total contractual principal and interest is no longer in doubt. The past due status of all classes of loans receivable is determined based on contractual due dates for loan payments. In addition to originating loans, the Company purchases consumer and mortgage loans from brokers in our market area. Such purchases are reviewed for compliance with our underwriting criteria before they are purchased, and are generally purchased without recourse to the seller. Premiums and discounts on purchased loans are amortized as adjustments to interest income using the effective yield method. Reserves for unfunded lending commitments represent management’s estimate of losses inherent in its unfunded loan commitments and is recorded in other liabilities on the consolidated statement of financial condition.
Allowance for Loan Losses	Allowance for Loan Losses The allowance for credit losses consists of the allowance for loan losses. The allowance for loan losses represents management’s estimate of losses inherent in the loan portfolio as of the consolidated statement of financial condition date and is recorded as a reduction to loans. The allowance for loan losses (“ALLL”, “allowance”) is increased by the provision for loan losses and decreased by charge-offs, net of recoveries. Loans deemed to be uncollectible are charged against the allowance for loan losses, and subsequent recoveries, if any, are credited to the allowance. All, or part, of the principal balance of loans receivable are charged off to the allowance as soon as it is determined that the repayment or collateral recovery of all, or part, of the principal balance is highly unlikely. Non-residential The allowance for credit losses is maintained at a level considered adequate to provide for losses that can be reasonably estimated. Management performs a quarterly evaluation of the adequacy of the allowance. The allowance is based on the Company’s past loan loss experience, known and inherent risks in the portfolio, adverse situations that may affect the borrower’s ability to repay, the estimated value of any underlying collateral, the composition of the loan portfolio, current economic conditions and other relevant factors. This evaluation is inherently subjective as it requires material estimates that may be susceptible to significant revision as more information becomes available. The allowance consists of specific, general and unallocated components. The specific component relates to loans that are classified as impaired. For loans that are classified as impaired, a specific reserve is recognized when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan. The general component covers pools of loans by loan class that are not considered impaired. These pools of loans are evaluated for loss exposure based upon historical loss rates for each of these classes of loans, as adjusted for qualitative factors. These qualitative risk factors include: 1. Lending policies and procedures, including underwriting standards and collection, charge-off, 2. National, regional, and local economic and business conditions as well as the condition of various market segments, including the value of underlying collateral for collateral dependent loans. 3. The nature and volume of the loan portfolio and terms of loans. 4. The experience, ability, and depth of lending management and staff. 5. The volume and severity of past due, classified and nonaccrual loans as well as any other loan modifications. 6. The quality of the Company’s loan review system, and the degree of oversight by the Company’s Board of Directors. 7. The existence and effect of any concentrations of credit and changes in the level of such concentrations. 8. Value of underlying collateral. The qualitative factors are applied to the historical loss rates for each class of loan. In addition, while not reported as a separate factor, changes in the value of underlying collateral (for regional property values) for collateral dependent loans is considered and addressed within the economic trends factor. A quarterly calculation is made adjusting the reserve allocation for each factor within a risk weighted range as it relates to each particular loan type, collateral type and risk rating within each segment. Data is gathered and evaluated through internal, regulatory, and government sources quarterly for each factor. 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 specific and general losses in the portfolio. In addition, the allowance calculation methodology includes further segregation of loan classes into risk rating categories. The borrower’s overall financial condition, repayment sources, guarantors and value of collateral, if appropriate, are evaluated annually for commercial loans or when credit deficiencies arise, such as delinquent loan payments, for commercial and consumer loans. Credit quality risk ratings include categories of “pass,” “special mention,” “substandard” and “doubtful.” Assets classified as “Pass” are those protected by the current net worth and paying capacity of the obligor or by the value of the underlying collateral. Assets which do not currently expose the insured institution to sufficient risk to warrant classification as substandard or doubtful but possess certain identified weaknesses are required to be designated “special mention.” If uncorrected, the potential weaknesses may result in deterioration of the repayment prospects. An asset is considered “substandard” if it is inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. “Substandard” assets include those characterized by the “distinct possibility” that the insured institution will sustain “some loss” if the deficiencies are not corrected. Assets classified as “doubtful” have all of the weaknesses inherent in those classified “substandard” with the added characteristic that the weaknesses present make “collection or liquidation in full,” on the basis of currently existing facts, conditions, and values, “highly questionable and improbable.” Residential Lending. We underwrite one- loan-to-value one- In underwriting one- sub-prime Construction and Development Lending. Construction and development loans generally are considered to involve a higher level of risk than one-to pre-sold Commercial Lending. one- Most of the Company’s commercial business loans have been extended to finance local and regional businesses and include short-term loans to finance machinery and equipment purchases, inventory and accounts receivable. The commercial business loans which we originate may be either a revolving line of credit or for a fixed term of generally 10 years or less. Interest rates are adjustable, indexed to a published prime rate of interest, or fixed. Generally, equipment, machinery, real property or other corporate assets secure such loans. Personal guarantees from the business principals are generally obtained as additional collateral. Consumer Lending. on-going Consumer loans may entail greater credit risk than do residential mortgage loans, particularly in the case of consumer loans which are unsecured or are secured by rapidly depreciable assets, such as automobiles or recreational equipment. In such cases, any repossessed collateral for a defaulted consumer loan may not provide an adequate source of repayment of the outstanding loan balance as a result of the greater likelihood of damage, loss or depreciation. In addition, consumer loan collections are dependent on the borrower’s continuing financial stability, and thus are more likely to be affected by adverse personal circumstances. Furthermore, the application of various federal and state laws, including bankruptcy and insolvency laws, may limit the amount which can be recovered on such loans. Once all factor adjustments are applied, general reserve allocations for each segment are calculated, summarized and reported on the ALLL summary. ALLL final schedules, calculations and the resulting evaluation process are reviewed quarterly. In addition, Federal bank regulatory agencies, as an integral part of their examination process, periodically review the Company’s allowance for loan losses and may require the Company to recognize additions to the allowance based on their judgments about information available to them at the time of their examination. Based on management’s comprehensive analysis of the loan portfolio, management believes the current level of the allowance for loan losses is adequate. 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, cash flow, 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 A specific reserve is established for an impaired loan if its carrying value exceeds its estimated fair value. The estimated fair values of substantially all of the Company’s impaired loans are measured based on the estimated fair value of the loan’s collateral. For commercial loans secured by real estate, estimated fair values are determined primarily through third-party appraisals. When a real estate secured loan becomes impaired, a decision is made regarding whether an updated appraisal of the real estate is necessary. This decision is based on various considerations, including the age of the most recent appraisal, the loan-to-value For commercial and industrial loans secured by non-real
Troubled Debt Restructurings	Troubled Debt Restructurings Loans whose terms are modified are classified as troubled debt restructurings if the Company grants such borrowers concessions and it is deemed that those borrowers are experiencing financial difficulty. Concessions granted under a troubled debt restructuring may be modified by means of extending the maturity date of the loan, reducing the interest rate on the loan to a rate which is below market, a combination of rate adjustments and maturity extensions, or by other means including covenant modifications, forbearances or other concessions. However, the Company generally only restructures loans by modifying the payment structure to interest only or by reducing the actual interest rate. We do not accrue interest on loans that were non-accrual
Loan Servicing	Loan Servicing Servicing assets are recognized as separate assets when rights are acquired through purchase or through sale of financial assets. For sales of mortgage loans, a portion of the cost of originating the loan is allocated to the servicing right based on relative fair value. Fair value is based on market prices for comparable mortgage servicing contracts, when available, or alternatively is based on a valuation model that calculates the present value of estimated future net servicing income. The valuation model incorporates assumptions that market participants would use in estimating future net servicing income, such as the cost to service, the discount rate, the custodial earnings rate, an inflation rate, ancillary income, prepayment speeds and default rates and losses. Capitalized servicing rights are reported in other assets and are amortized into other expense 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 into tranches based on predominant risk characteristics, such as interest rate, loan type and investor type. Impairment is recognized through a valuation allowance for an individual tranche, to the extent that fair value is less than the capitalized amount for the tranche. If the Company later determines that all or a portion of the impairment no longer exists for a particular tranche, a reduction of the allowance may be recorded as an increase to income. The Company also sells loans in the secondary market with servicing released.
Other Real Estate Owned	Other Real Estate Owned Assets acquired through, or in lieu of, loan foreclosure are held for sale and are initially recorded at fair value at the date of foreclosure, establishing a new cost basis. Subsequent to foreclosure, valuations are periodically performed by management and the assets are carried at the lower of the previously established carrying amount or fair value less cost to sell. Revenue and expenses from operations and changes in the valuation allowance are included in other expenses from other real estate owned.
Restricted Stock	Restricted Stock Restricted stock represents required investments in the common stock of a correspondent bank and is carried at cost. As of September 30, 2018 and 2017, restricted stock consists of the common stock of the Federal Reserve Bank, FHLB and Atlantic Community Bankers Bank (“ACBB”). Management’s evaluation and determination of whether these investments are impaired is based on their assessment of the ultimate recoverability of their cost rather than by recognizing temporary declines in value. The determination of whether a decline affects the ultimate recoverability of an investment’s cost is influenced by criteria such as (1) the significance of the decline in net assets of the Federal Reserve Bank, FHLB and ACBB as compared to the capital stock amount for the Federal Reserve Bank, FHLB and ACBB and the length of time this situation has persisted, (2) commitments by the Federal Reserve Bank, FHLB and ACBB to make payments required by law or regulation and the level of such payments in relation to the operating performance of the Federal Reserve Bank, FHLB and ACBB, and (3) the impact of legislative and regulatory changes on institutions and, accordingly, on the customer base of the Federal Reserve Bank, FHLB and ACBB. During the years ended September 30, 2018 and 2017, there were net repurchases of restricted stock of $3.0 million and $135,000, respectively. Also, as of September 30, 2018 and 2017 the number of restricted shares was 108,151 and 54,787, respectively. There were approximately $467,000, $257,000 and $250,000 of dividends on restricted stock received or recognized in income for fiscal years 2018, 2017 and 2016, respectively.
Property and Equipment	Property and Equipment Property and equipment is carried at cost. Depreciation is computed using the straight-line and accelerated methods over estimated useful lives ranging from 3 to 39 years beginning when assets are placed in service. When assets are retired or otherwise disposed of, the cost and related accumulated depreciation are removed from the accounts and any gain or loss is reflected in income for the period. The cost of maintenance and repairs is charged to income as incurred.
Transfers of Financial Assets	Transfers of Financial Assets Transfers of financial assets are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and (3) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity.
Bank-Owned Life Insurance	Bank-Owned Life Insurance The Company invests in bank owned life insurance (“BOLI”) as a source of funding for employee benefit expenses. BOLI involves the purchasing of life insurance by the Bank on a chosen group of employees. The Bank is the owner and beneficiary of the policies. This life insurance investment is carried at the cash surrender value of the underlying policies. Earnings from the increase in cash surrender value of the policies are included in other income on the statement of operations.
Employee Benefit Plans	Employee Benefit Plans The Bank’s 401(k) plan allows eligible participants to set aside a certain percentage of their salaries before taxes. The Company may elect to match employee contributions up to a specified percentage of their respective salaries in an amount determined annually by the Board of Directors. The Company’s matching contribution related to the plan resulted in expenses of $121,000, $115,000, and $90,000, for fiscal 2018, 2017, and 2016, respectively. The Company also maintains an unfunded Supplemental Executive and a Director Retirement Plan (the “Plans”). The accrued amount for the Plans included in other liabilities was $970,000 and $1.1 million at September 30, 2018 and 2017, respectively. Distributions made to directors for each of the fiscal years 2018 and 2017 were approximately $93,000 and $25,000, respectively. The expense associated with the Plans for the years ended September 30, 2018, 2017, and 2016 was $5,000, $30,000, and $11,000, respectively.
Derivatives and Hedging	Derivatives and Hedging The Company records cash flow hedges at the inception of the derivative contract based on the Company’s intentions and belief as to likely effectiveness as a hedge. The Company documents the strategy for entering into the transactions and the method of assessing ongoing effectiveness. Cash flow hedges represent a hedge of a forecasted transaction or the variability of cash flows to be received or paid related to a recognized asset or liability. For a cash flow hedge that is effective, the gain or loss on the derivative is reported in other comprehensive income and is reclassified into earnings in the same periods during which the hedged transaction affects earnings. The changes in the fair value of derivatives that are not highly effective in hedging the changes in fair value or expected cash flows of the hedged item are recognized immediately in current earnings. Changes in the fair value of derivatives that do not qualify for hedge accounting are reported currently in earnings, as noninterest income. Net cash settlements on derivatives that qualify for hedge accounting are recorded in interest income or interest expense, based on the item being hedged. Net cash settlements on derivatives that do not qualify for hedge accounting are reported in noninterest income. Cash flows on hedges are classified in the cash flow statement the same as the cash flows of the items being hedged. To determine fair value, the Company uses third party pricing models that incorporate assumptions about market conditions and risks that are current at the reporting date. The Company does not use derivative instruments for speculative purposes. The Company also formally assesses, both at the hedge’s inception and on an ongoing basis, whether the derivative instruments that are used are highly effective in offsetting changes in fair values or cash flows of the hedged items. The Company discontinues hedge accounting when it determines that the derivative is no longer effective in offsetting changes in the fair value or cash flows of the hedged item, the derivative is settled or terminates, a hedged forecasted transaction is no longer probable, a hedged firm commitment is no longer firm, or treatment of the derivative as a hedge is no longer appropriate or intended. When hedge accounting is discontinued, subsequent changes in fair value of the derivative are recorded as noninterest income. When a cash flow hedge is discontinued but the hedged cash flows or forecasted transactions are still expected to occur, gains or losses that were accumulated in other comprehensive income are amortized into earnings over the same periods which the hedged transactions will affect earnings.
Advertising Costs	Advertising Costs The Company follows the policy of charging the costs of advertising to expense as incurred. Advertising expense was $152,000, $216,000 and $131,000 in fiscal 2018, 2017 and 2016, respectively.
Income Taxes	Income Taxes Deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. These calculations are based on many complex factors including estimates of the timing of reversals of temporary differences, the interpretation of federal income tax laws and a determination of the differences between the tax and the financial reporting basis of assets and liabilities. Actual results could differ significantly from the estimates and interpretations used in determining the current and deferred income tax assets and liabilities. A valuation allowance is required to be recognized if it is “more likely than not” that a portion of the deferred tax assets will not be realized. The Company’s policy is to evaluate the deferred tax asset on a quarterly basis and record a valuation allowance for our deferred tax asset if we do not have sufficient positive evidence indicating that it is more likely than not that some or all of the deferred tax asset will be realized. The Company’s policy is to account for interest and penalties as components of income tax expense.
Commitments and Contingencies	Commitments and Contingencies In the ordinary course of business, the Company has entered into off-balance
Segment Information	Segment Information The Company has one reportable segment, “Community Banking.” All of the Company’s activities are interrelated, and each activity is dependent and assessed based on how each of the activities of the Company supports the others. For example, lending is dependent upon the ability of the Company to fund itself with deposits and other borrowings and manage interest rate and credit risk. Accordingly, all significant operating decisions are based upon analysis of the Company as one segment or unit.
Comprehensive Income	Comprehensive Income Accounting principles generally require that recognized revenue, expenses, gains and losses be included in net income. Although certain changes in assets and liabilities, such as unrealized gains and losses on available for sale investment securities, are reported as a separate component of the shareholders’ equity section of the statement of financial condition, such items, along with net income, are components of comprehensive income. For securities transferred from available for sale to held to maturity, the Company records the amortization and/or accretion of unrealized holding losses on such investment securities, in accumulated other comprehensive income. The Company also records changes in the fair value of interest rate derivatives used in its cash flow hedging activities, net of deferred income tax, in accumulated other comprehensive income.
Reclassifications	Reclassifications Certain reclassifications have been made to the previous year’s consolidated financial statements to conform to the current year’s presentation. These reclassifications had no effect on the Company’s results of operations.
Revenue Recognition	Revenue Recognition Accounting Standards Codification (“ASC”) 606, Revenue from Contracts with Customers The majority of our revenue-generating transactions are not subject to ASC 606, including revenue generated from financial instruments, such as our loans, investment securities, derivatives as well as revenue related to BOLI, sales of investment securities, rental income, and gain on sale of loans. Revenue-generating activities that are within the scope of ASC 606, which are presented in our income statements as components of other income include certain fees such as credit card fee income, DDA service and fee income, and debit card fees.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements Depository and Lending. (“ASU”) 2018-06, Codification Improvements to Topic 942, Financial Services-Depository and Lending 942-740, Financial Income Taxes. ASU 2018-05, Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 118 In October 2016, the FASB issued ASU No. 2016-16, Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory 2016-16 Income Statement. ASU 2018-02, Income Statement — Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income Derivatives and Hedging. No. 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities. Stock-Based Compensation No. 2017-09, Compensation-Stock Compensation (Topic 718): Scope of Modification Accounting Receivables. No. 2017-08, Receivables-Nonrefundable Fees and Other Costs (Subtopic 310-20): No. 2017-08 No. 2017-08 Statement of Cash Flows. No. 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments (a consensus of the Emerging Issues Task Force) In November 2016, the FASB issued ASU 2016-18, Statement of Cash Flows (Topic 230) Restricted Cash (a consensus of the FASB Emerging Issues Task Force) beginning-of-period end-of Financial Instruments. ASU 2016-01, Financial Instruments — Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments available-for-sale Leases. ASU 2016-02 , Leases (Topic 842) the right-of-use asset. Revenue Recognition. ASU 2014-09, Revenue ASU 2015-14, for Non-interest Non-interest in-scope in-scope 10-Q

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Sep. 30, 2018
Earnings Per Share [Abstract]
Schedule of composition of weighted average shares (denominator) used in earnings per share computations	The following table sets forth the composition of the weighted average shares (denominator) used in the earnings per share computations. Year Ended September 30, (In thousands, except per share and share data) 2018 2017 2016 Net Income $ 7,306 $ 5,817 $ 12,150 Weighted average shares outstanding 6,578,097 6,567,788 6,560,012 Average unearned ESOP shares (121,943 ) (136,343 ) (150,747 ) Basic weighted average shares outstanding 6,456,154 6,431,445 6,409,265 Plus: effect of dilutive options and restricted stock 3,356 692 60 Diluted weighted average common shares outstanding 6,459,510 6,432,137 6,409,325 Earnings per share: Basic $ 1.13 $ 0.90 $ 1.90 Diluted $ 1.13 $ 0.90 1.90

Investment Securities (Tables)

Investment Securities (Tables)	12 Months Ended
	Sep. 30, 2018
Investments, Debt and Equity Securities [Abstract]
Schedule of Investment securities	The following tables present information related to the Company’s investment securities at September 30, 2018 and 2017. September 30, 2018 Amortized Gross Gross Fair (Dollars in thousands) Investment Securities Available-for-Sale: U.S. treasury notes $ 9,996 $ — $ (10 ) $ 9,986 State and municipal obligations 6,953 — (66 ) 6,887 Single issuer trust preferred security 1,000 — (79 ) 921 Corporate debt securities 6,605 — (351 ) 6,254 Mutual fund 250 — — 250 Total 24,804 — (506 ) 24,298 Investment Securities Held-to-Maturity: U.S. government agencies $ 1,999 $ — $ (20 ) $ 1,979 State and municipal obligations 8,181 — (66 ) 8,115 Corporate debt securities 3,715 — (49 ) 3,666 Mortgage-backed securities: Collateralized mortgage obligations, fixed-rate 16,197 — (989 ) 15,208 Total $ 30,092 $ — $ (1,124 ) $ 28,968 Total investment securities $ 54,896 $ — $ (1,630 ) $ 53,266 September 30, 2017 Amortized Gross Gross Fair (Dollars in thousands) Investment Securities Available-for-Sale: State and municipal obligations $ 6,992 $ 39 $ (2 ) $ 7,029 Single issuer trust preferred security 1,000 — (66 ) 934 Corporate debt securities 6,627 — (253 ) 6,374 Mutual fund 250 — — 250 Total 14,869 39 (321 ) 14,587 Investment Securities Held-to-Maturity: U.S. government agencies $ 1,999 $ — $ (8 ) $ 1,991 State and municipal obligations 9,574 89 — 9,663 Corporate debt securities 3,818 26 — 3,844 Mortgage-backed securities: Collateralized mortgage obligations, fixed-rate 19,524 1 (457 ) 19,068 Total $ 34,915 $ 116 $ (465 ) $ 34,566 Total investment securities $ 49,784 $ 155 $ (786 ) $ 49,153
Schedule of aggregate investments in an unrealized loss position	The following tables indicate gross unrealized losses not recognized in income and fair value, aggregated by investment category and the length of time individual securities have been in a continuous unrealized loss position at September 30, 2018 and 2017. September 30, 2018 Less than 12 Months More than 12 Total Fair Unrealized Fair Unrealized Fair Unrealized (Dollars in thousands) Investment Securities Available-for-Sale: U.S. treasury notes $ 9,986 $ (10 ) $ — $ — $ 9,986 $ (10 ) State and municipal obligations 5,433 (56 ) 1,000 (10 ) 6,433 (66 ) Single issuer trust preferred security — — 921 (79 ) 921 (79 ) Corporate debt securities — — 6,254 (351 ) 6,254 (351 ) Total $ 15,419 $ (66 ) $ 8,175 $ (440 ) $ 23,594 $ (506 ) Investment Securities Held-to-Maturity: U.S. government agencies — — 1,979 (20 ) 1,979 (20 ) State and municipal obligations 8,115 (66 ) — — 8,115 (66 ) Corporate securities 3,666 (49 ) — — 3,666 (49 ) Mortgage-backed securities: CMO, fixed-rate 127 (6 ) 15,081 (983 ) 15,208 (989 ) Total 11,908 (121 ) 17,060 (1,003 ) 28,968 (1,124 ) Total investment securities $ 27,327 $ (187 ) $ 25,235 $ (1,443 ) $ 52,562 $ (1,630 ) September 30, 2017 Less than 12 More than 12 Months Total Fair Unrealized Fair Unrealized Fair Unrealized (In thousands) Investment Securities Available-for-Sale: State and municipal obligations $ — $ — $ 500 $ (2 ) $ 500 $ (2 ) Single issuer trust preferred security — — 934 (66 ) 934 (66 ) Corporate debt securities — — 6,375 (253 ) 6,375 (253 ) Total $ — $ — $ 7,809 $ (321 ) $ 7,809 $ (321 ) Investment Securities Held-to-Maturity: U.S. government agencies — — 1,991 (8 ) 1,991 (8 ) State and municipal obligations — — — — — — Mortgage-backed securities: CMO, fixed-rate — — 18,902 (457 ) 18,902 (457 ) Total — — 20,893 (465 ) 20,893 (465 ) Total investment securities $ — $ — $ 28,702 $ (786 ) $ 28,702 $ (786 )
Schedule of amortized cost and fair value of debt securities by contractual maturity	The following table presents information for investment securities at September 30, 2018, based on scheduled maturities. Actual maturities can be expected to differ from scheduled maturities due to prepayment or early call options of the issuer. September 30, 2018 Amortized Fair (In thousands) Investment Securities Available-for-Sale: Due in one year or less $ 11,000 $ 10,984 Due after one year through five years 7,405 7,229 Due after five years through ten years 5,944 5,630 Due after ten years 455 455 Total $ 24,804 $ 24,298 Investment Securities Held-to-Maturity: Due in one year or less $ 1,000 $ 993 Due after one year through five years 999 986 Due after five years through ten years 5,578 5,490 Due after ten years 6,318 6,291 Mortgage-backed securities: Collateralized mortgage obligations, fixed-rate 16,197 15,208 Total $ 30,092 $ 28,968 Total investment securities $ 54,896 $ 53,266

Loans Receivable and Related _2

Loans Receivable and Related Allowance for Loan Losses (Tables)	12 Months Ended
	Sep. 30, 2018
Receivables [Abstract]
Schedule of loans receivable	Loans receivable in the Company’s portfolio consisted of the following at the dates indicated: September 30, 2018 2017 (In thousands) Residential mortgage $ 197,219 $ 192,500 Construction and Development: Residential and commercial 37,433 35,622 Land 9,221 18,377 Total Construction and Development 46,654 53,999 Commercial: Commercial real estate 493,929 437,760 Farmland 12,066 1,723 Multi-family 45,102 39,768 Other 80,059 74,837 Total Commercial 631,156 554,088 Consumer: Home equity lines of credit 14,884 16,509 Second mortgages 18,363 22,480 Other 2,315 2,570 Total Consumer 35,562 41,559 Total loans 910,591 842,146 Deferred loan fees and cost, net 566 590 Allowance for loan losses (9,021 ) (8,405 ) Total loans receivable, net $ 902,136 $ 834,331
Schedule of allowance for loan losses	The following table summarizes the primary classes of the allowance for loan losses, segregated into the amount required for loans individually evaluated for impairment and the amount required for loans collectively evaluated for impairment as of and for the years ended September 30, 2018, 2017 and 2016. Year Ended September 30, 2018 Construction and Commercial Consumer Residential Residential Land Commercial Estate Farmland Multi- Other Home of Credit Second Other Unallocated Total (in thousands) Allowance for loan losses: Beginning balance $ 1,004 $ 523 $ 132 $ 3,581 $ 9 $ 224 $ 541 $ 90 $ 402 $ 27 $ 1,872 $ 8,405 Charge-offs (60 ) — — (276 ) — — (45 ) — (88 ) (2 ) — (471 ) Recoveries 58 — — 11 — — 4 1 52 7 — 133 Provisions 60 (130 ) (83 ) 1,715 57 8 (33 ) (9 ) (40 ) 19 (610 ) 954 Ending Balance $ 1,062 $ 393 $ 49 $ 5,031 $ 66 $ 232 $ 467 $ 82 $ 326 $ 51 $ 1,262 $ 9,021 Ending balance: individually evaluated for impairment $ — $ — $ — $ 1,448 $ — $ — $ — $ — $ 103 $ 26 $ — $ 1,577 Ending balance: collectively evaluated for impairment $ 1,062 $ 393 $ 49 $ 3,583 $ 66 $ 232 $ 467 $ 82 $ 223 $ 25 $ 1,262 $ 7,444 Loans receivable: Ending balance $ 197,219 $ 37,433 $ 9,221 $ 493,929 $ 12,066 $ 45,102 $ 80,059 $ 14,884 $ 18,363 $ 2,315 $ 910,591 Ending balance: individually evaluated for impairment $ 3,148 $ — $ 76 $ 17,409 $ — $ — $ — $ 34 $ 635 $ 26 $ 21,328 Ending balance: collectively evaluated for impairment $ 194,071 $ 37,433 $ 9,145 $ 476,520 $ 12,066 $ 45,102 $ 80,059 $ 14,850 $ 17,728 $ 2,289 $ 889,263 Year Ended September 30, 2017 Construction and Commercial Consumer Residential Residential Land Commercial Estate Farmland Multi- Other Home Second Other Unallocated Total (in thousands) Allowance for loan losses: Beginning balance $ 1,201 $ 199 $ 97 $ 1,874 $ — $ 109 $ 158 $ 116 $ 467 $ 34 $ 1,179 $ 5,434 Charge-offs — — — — — — — — (218 ) (5 ) — (223 ) Recoveries 2 90 — 40 — — 9 18 232 12 — 403 Provisions (199 ) 234 35 1,667 9 115 374 (44 ) (79 ) (14 ) 693 2,791 Ending Balance $ 1,004 $ 523 $ 132 $ 3,581 $ 9 $ 224 $ 541 $ 90 $ 402 $ 27 $ 1,872 $ 8,405 Ending balance: individually evaluated for impairment $ — $ — $ — $ — $ — $ — $ 109 $ — $ 128 $ — $ — $ 237 Ending balance: collectively evaluated for impairment $ 1,004 $ 523 $ 132 $ 3,581 $ 9 $ 224 $ 432 $ 90 $ 274 $ 27 $ 1,872 $ 8,168 Loans receivable: Ending balance $ 192,500 $ 35,622 $ 18,377 $ 437,760 $ 1,723 $ 39,768 $ 74,837 $ 16,509 $ 22,480 $ 2,570 $ 842,146 Ending balance: individually evaluated for impairment $ 2,262 $ — $ 94 $ 555 $ — $ — $ 243 $ 10 $ 356 $ — $ 3,520 Ending balance: collectively evaluated for impairment $ 190,238 $ 35,622 $ 18,283 $ 437,205 $ 1,723 $ 39,768 $ 74,594 $ 16,499 $ 22,124 $ 2,570 $ 838,626 Year Ended September 30, 2016 Construction and Commercial Consumer Residential Residential Land Commercial Estate Multi- Other Home Second Mortgages Other Unallocated Total (In thousands) Allowance for loan losses: Beginning balance $ 1,486 $ 30 $ 35 $ 1,235 $ 104 $ 108 $ 139 $ 761 $ 24 $ 745 $ 4,667 Charge-offs (9 ) (91 ) — (99 ) — — — (291 ) (70 ) — (560 ) Recoveries 17 243 — 3 — 3 1 100 13 — 380 Provision (293 ) 17 62 735 5 47 (24 ) (103 ) 67 434 947 Ending Balance $ 1,201 $ 199 $ 97 $ 1,874 $ 109 $ 158 $ 116 $ 467 $ 34 $ 1,179 $ 5,434 Ending balance: individually evaluated for impairment $ — $ — $ — $ — $ — $ — $ — $ 23 $ — $ — $ 23 Ending balance: collectively evaluated for impairment $ 1,201 $ 199 $ 97 $ 1,874 $ 109 $ 158 $ 116 $ 444 $ 34 $ 1,179 $ 5,411 Loans receivable: Ending balance $ 209,186 $ 18,579 $ 10,013 $ 231,439 $ 19,515 $ 38,779 $ 19,757 $ 29,204 $ 1,914 $ 578,386 Ending balance: individually evaluated for impairment $ 1,159 $ 109 $ — $ 2,039 $ — $ — $ 74 $ 277 $ — $ 3,658 Ending balance: collectively evaluated for impairment $ 208,027 $ 18,470 $ 10,013 $ 229,400 $ 19,515 $ 38,779 $ 19,683 $ 28,927 $ 1,914 $ 574,728
Schedule of impaired loans	The following table presents impaired loans in portfolio by class, segregated by those for which a specific allowance was required and those for which a specific allowance was not necessary as of September 30, 2018 and 2017. Impaired Loans With Impaired Total Impaired Loans Recorded Related Recorded Recorded Unpaid (In thousands) September 30, 2018: Residential mortgage $ — $ — $ 3,148 $ 3,148 $ 3,337 Construction and Development: Land — — 76 76 76 Commercial: Commercial real estate 16,343 1,448 1,066 17,409 17,685 Consumer: Home equity lines of credit — — 34 34 34 Second mortgages 120 103 515 635 730 Other 26 26 — 26 26 Total impaired loans $ 16,489 $ 1,577 $ 4,839 $ 21,328 $ 21,888 September 30, 2017: Residential mortgage $ — $ — $ 2,262 $ 2,262 $ 2,379 Construction and Development: Land — — 94 94 94 Commercial: Commercial real estate — — 555 555 555 Other 243 109 — 243 243 Consumer: Home equity lines of credit — — 10 10 11 Second mortgages 131 128 225 356 385 Total impaired loans $ 374 $ 237 $ 3,146 $ 3,520 $ 3,667
Schedule of average recorded investment in impaired loans and related interest income recognized	The following table presents the average recorded investment in impaired loans in portfolio and related interest income recognized year ended September 30, 2018, 2017 and 2016. Average Interest Income (In thousands) Year Ended September 30, 2018: Residential mortgages $ 1,833 $ 56 Construction and Development: Land 65 5 Commercial: Commercial real estate 6,510 245 Other 138 — Consumer: Home equity lines of credit 14 — Second mortgages 458 8 Other 1 — Total $ 9,019 $ 314 Year Ended September 30, 2017: Residential mortgages $ 2,076 $ 52 Construction and Development: Residential and commercial 80 4 Land 24 1 Commercial: Commercial real estate 932 18 Other 144 2 Consumer: Home equity lines of credit 38 — Second mortgages 209 3 Total $ 3,503 $ 80 Year Ended September 30, 2016: Residential mortgages $ 707 $ — Construction and Development: Residential and commercial 150 4 Commercial: Commercial real estate 1,646 69 Consumer: Home equity lines of credit 24 — Second mortgages 214 — Total $ 2,741 $ 73
Schedule of classes of loan portfolio	The following table presents the classes of the loan portfolio summarized by loans considered to be rated as pass and the categories of special mention, substandard and doubtful within the Company’s internal risk rating system as of September 30, 2018 and 2017. September 30, 2018 Pass Special Substandard Doubtful Total (In thousands) Residential mortgage $ 193,584 $ — $ 3,635 $ — $ 197,219 Construction and Development: Residential and commercial 37,433 — — — 37,433 Land 9,146 — 75 — 9,221 Commercial: Commercial real estate 474,232 949 18,748 — 493,929 Farmland 12,066 — — — 12,066 Multi-family 45,102 — — — 45,102 Other 79,902 — 157 — 80,059 Consumer: Home equity lines of credit 14,707 — 177 — 14,884 Second mortgages 17,402 103 858 — 18,363 Other 2,289 — 26 — 2,315 Total $ 885,863 $ 1,052 $ 23,676 $ — $ 910,591 September 30, 2017 Pass Special Substandard Doubtful Total (In thousands) Residential mortgage $ 189,925 $ 114 $ 2,461 $ — $ 192,500 Construction and Development: Residential and commercial 35,622 — — — 35,622 Land 13,207 — 5,170 — 18,377 Commercial: Commercial real estate 431,336 4,456 1,968 — 437,760 Farmland 1,723 — — — 1,723 Multi-family 39,410 358 — — 39,768 Other 73,935 — 902 — 74,837 Consumer: Home equity lines of credit 16,399 — 110 — 16,509 Second mortgages 21,611 112 757 — 22,480 Other 2,563 6 1 — 2,570 Total $ 825,731 $ 5,046 $ 11,369 $ — $ 842,146
Schedule of loans that are no longer accruing interest by portfolio class	The following table presents loans on which we are no longer accruing interest by portfolio class at the dates indicated. September 30, 2018 2017 (In thousands) Residential mortgage $ 1,817 $ 826 Commercial: Commercial real estate 520 — Consumer: Home equity lines of credit 34 10 Second mortgages 290 202 Other 26 — Total non-accrual $ 2,687 $ 1,038
Schedule of classes of loan portfolio summarized by aging categories	The following table presents the classes of the loan portfolio summarized by the aging categories as of September 30, 2018 and 2017. Current 30-59 60-89 90 Total Total Accruing (in thousands) September 30, 2018: Residential mortgage $ 193,727 $ 450 $ 1,016 $ 2,026 $ 3,492 $ 197,219 $ 339 Construction and Development: Residential and commercial 37,433 — — — — 37,433 — Land 9,221 — — — — 9,221 — Commercial: Commercial real estate 485,886 449 7,019 575 8,043 493,929 — Farmland 12,066 — — — — 12,066 — Multi-family 45,102 — — — — 45,102 — Other 80,059 — — — — 80,059 — Consumer: Home equity lines of credit 14,815 — — 69 69 14,884 35 Second mortgages 17,928 121 103 211 435 18,363 — Other 2,282 7 1 25 33 2,315 — Total $ 898,519 $ 1,027 $ 8,139 $ 2,906 $ 12,072 $ 910,591 $ 374 Current 30-59 60-89 90 Total Total Accruing (in thousands) September 30, 2017: Residential mortgage $ 189,272 $ 1,442 $ 1,145 $ 641 $ 3,228 $ 192,500 $ 31 Construction and Development: Residential and commercial 35,622 — — — — 35,622 — Land 18,377 — — — — 18,377 — Commercial: Commercial real estate 436,804 160 796 — 956 437,760 — Farmland 1,723 — — — — 1,723 — Multi-family 39,768 — — — — 39,768 — Other 74,837 — — — — 74,837 — Consumer: Home equity lines of credit 16,122 350 37 — 387 16,509 — Second mortgages 21,183 844 182 271 1,297 22,480 141 Other 2,561 7 1 1 9 2,570 1 Total $ 836,269 $ 2,803 $ 2,161 $ 913 $ 5,877 $ 842,146 $ 173
Schedule of TDR loans	For any residential real estate property collateralizing a consumer mortgage loan, the Company is considered to possess the related collateral only if legal title is obtained upon completion of foreclosure, or the borrower conveys all interest in the residential real estate property to the Company through completion of a deed in lieu of foreclosure or similar legal agreement. Excluding OREO, the Company had $1.4 million and $252,000 of residential real estate properties in the process of foreclosure at September 30, 2018 and 2017, respectively. Total Troubled Debt Troubled Debt Restructured Number of Recorded Number of Recorded (Dollars in thousands) At September 30, 2018: Residential mortgage 10 $ 1,816 3 $ 289 Construction and Development: Land 1 76 Commercial: Commercial real estate 4 16,889 — — Consumer Second mortgages 3 148 — — Total 18 $ 18,929 3 $ 289 At September 30, 2017: Residential mortgage 6 $ 1,464 — $ — Construction and Development: Land 1 94 Commercial: Commercial real estate 2 554 — — Consumer Second mortgages 3 148 1 22 Total 12 $ 2,260 1 $ 22
Schedule of performing status of TDR loans	The following table reports the performing status of all TDR loans. The performing status is determined by the loan’s compliance with the modified terms. September 30, 2018 2017 Performing Non-Performing Performing Non-Performing (In thousands) Residential mortgage $ 1,527 $ 289 $ 1,464 $ — Construction and Development: Land 76 — 94 — Commercial: Commercial real estate 16,889 — 554 — Consumer Second mortgages 148 — 126 22 Total $ 18,640 $ 289 $ 2,238 $ 22
Schedule of new TDR's	The following table shows the new TDRs for the twelve months ended September 30, 2018 and 2017. September 30, 2018 2017 Restructured During Period Number Pre- Modifications Post- Number Pre- Modifications Post- (In thousands) Troubled Debt Restructurings: Residential mortgage 4 $ 389 $ 386 4 $ 1,236 $ 1,236 Commercial: Commercial real estate 2 16,417 16,343 — — — Consumer: Second mortgages — — — 3 153 153 Total 6 $ 16,806 $ 16,729 7 $ 1,389 $ 1,389
Schedule of loans to principal officers, directors and their affiliates	The following table sets forth the aggregate dollar amount of loans to principal officers, directors and their affiliates in the normal course of business of the Company. Year Ended (In thousands) 2018 2017 Balance at beginning of year $ 12,335 $ 7,992 New loans 9,018 7,231 Repayments (12,662 ) (2,888 ) Balance at end of year $ 8,691 $ 12,335
Schedule of summary of mortgage servicing rights included in other assets and activity	A summary of mortgage servicing rights included in other assets and the activity therein follows for the periods indicated: September 30, 2018 2017 2016 (In thousands) Balance at beginning of year $ 268 $ 328 $ 401 Amortization (45 ) (60 ) (73 ) Balance at end of year $ 223 $ 268 $ 328

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Sep. 30, 2018
Property, Plant and Equipment [Abstract]
Schedule of property and equipment, net	Property and equipment, net consisted of the following at September 30, 2018 and 2017: Estimated Useful September 30, 2018 2017 (In thousands) Land — $ 711 $ 711 Building and improvements 10-39 11,533 12,465 Construction in process — 117 109 Furniture, fixtures and equipment 3-7 5,560 5,366 17,921 18,651 Accumulated depreciation (10,740 ) (11,144 ) $ 7,181 $ 7,507

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Sep. 30, 2018
Deposits [Abstract]
Schedule of deposits classified by interest rates with percentages to total deposits	Deposits classified by interest rates with percentages to total deposits at September 30, 2018 and 2017 consisted of the following: September 30, 2018 2017 Amount Percent Amount Percent (Dollars in thousands) Balances by types of deposit: Savings $ 44,642 5.77 % $ 44,526 5.63 % Money market accounts 270,834 34.98 276,404 34.97 Interest bearing demand 184,073 23.78 155,579 19.69 Non-interest 41,677 5.38 42,121 5.33 541,226 69.91 518,630 65.62 Certificates of deposit 232,937 30.09 271,766 34.38 Total $ 774,163 100.00 % $ 790,396 100.00 %
Schedule of interest expense on deposits	Interest expense on deposits consisted of the following for the years: September 30, 2018 2017 2016 (In thousands) Savings accounts $ 36 $ 37 $ 33 Money market accounts 3,271 1,985 874 Interest bearing demand 1,742 353 139 Certificates of deposit 4,151 3,861 3,491 Total deposits $ 9,200 $ 6,236 $ 4,537
Schedule of certificates of deposit maturities	The following is a schedule of certificates of deposit maturities. September 30, (In thousands) Maturing in the Fiscal Year Ending September 30, 2019 $ 110,875 2020 69,894 2021 24,039 2022 4,276 2023 6,788 Thereafter 17,064 $ 232,937

Borrowings (Tables)

Borrowings (Tables)	12 Months Ended
	Sep. 30, 2018
Debt Disclosure [Abstract]
Schedule of summary of long-term borrowings	The summary of long-term borrowings as of September 30, 2018 and 2017 are as follows: September 30, 2018 2017 Amount Weighted Amount Weighted (Dollars in thousands) Due by September 30: 2018 — — 35,000 0.45 2019 90,000 1.41 55,000 1.62 2020 28,000 2.82 28,000 2.82 Total FHLB Advances $ 118,000 1.58 % $ 118,000 1.51 %

Derivatives (Tables)

Derivatives (Tables)	12 Months Ended
	Sep. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of effects of derivative instruments on the Consolidated Financial Statements	The table below presents the fair value of the Company’s derivative financial instruments designated as hedging instruments as well as their classification on the Consolidated Statements of Financial Condition as of September 30, 2018 and 2017: September 30, 2018 Notional Fair Balance Sheet Expiration Date (dollars in thousand) Derivatives designated as hedging instruments Interest rate swaps by effective date: August 3, 2015 $ 15,000 $ 308 Other assets August 3, 2020 February 5, 2016 20,000 763 Other assets February 1, 2021 October 22, 2018 30,000 174 Other assets October 22, 2021 September 30, 2017 Notional Fair Balance Sheet Expiration Date (dollars in thousand) Derivatives designated as hedging instruments Interest rate swaps by effective date: August 3, 2015 $ 15,000 $ 9 Other assets August 3, 2020 February 5, 2016 20,000 367 Other assets February 1, 2021
Schedule of net gains (losses) recorded in accumulated other comprehensive income and the Consolidate Statements of Income	The tables below present the net gains (losses) recorded in accumulated other comprehensive income and the Consolidated Statements of Operations relating to the cash flow derivative instruments for the years ended September 30, 2018, 2017, and 2016. For the Year Ended September 30, 2018 Amount of Amount of Amount of Non-Interest (in thousands) August 3, 2015 $ 314 $ 15 $ — February 5, 2016 515 119 — October 22, 2018 174 — — For the Year Ended September 30, 2017 Amount of Amount of Amount of (in thousands) August 3, 2015 $ 293 $ (111 ) $ — February 5, 2016 466 (48 ) — For the Year Ended September 30, 2016 Amount of Amount of Amount of (in thousands) August 3, 2015 $ (270 ) $ (188 ) $ — February 5, 2016 (231 ) (84 ) —

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Sep. 30, 2018
Fair Value Disclosures [Abstract]
Schedule of balances of assets measured at fair value on a recurring basis	The tables below present the balances of assets measured at fair value on a recurring basis at September 30, 2018 and 2017: September 30, 2018 Total Level 1 Level 2 Level 3 (in thousands) Assets: Investment securities available-for-sale: Debt securities: U.S. treasury notes $ 9,986 $ 9,986 $ — $ — State and municipal obligations 6,887 — 6,887 — Single issuer trust preferred security 921 — 921 — Corporate debt securities 6,254 — 6,254 — Mutual funds 250 — — 250 Total investment securities available-for-sale $ 24,298 $ 9,986 $ 14,062 $ 250 Derivative instruments $ 1,245 $ — $ 1,245 $ — September 30, 2017 Total Level 1 Level 2 Level 3 (in thousands) Assets: Investment securities available-for-sale: Debt securities: State and municipal obligations $ 7,029 $ — $ 7,029 $ — Single issuer trust preferred security 934 — 934 — Corporate debt securities 6,374 — 6,374 — Mutual funds 250 — — 250 Total investment securities available-for-sale 14,587 — 14,337 250 Derivative instruments $ 376 $ — $ 376 $ —
Schedule of assets measured at fair value on a non recurring basis	For assets measured at fair value on a nonrecurring basis in fiscal 2018 and fiscal 2017 that were still held at the end of the period, the following table provides the level of valuation assumptions used to determine each adjustment and the carrying value of the related individual assets or portfolios at September 30, 2018 and 2017: September 30, 2018 Total Level 1 Level 2 Level 3 (in thousands) Impaired loans (1) $ 15,611 $ — $ — $ 15,611 Total $ 15,611 $ — $ — $ 15,611 September 30, 2018 Fair Value at Valuation Technique Unobservable Input Range/(Weighted (dollars in thousands) Impaired loans (1) $ 15,611 Appraisal of collateral (2) Collateral discounts (3) 8%-12%/(7.9%) Total $ 15,611 (1) At September 30, 2018, consisted of twelve loans with an aggregate balance of $17.2 million and with $1.6 million in specific loan loss allowance. (2) Fair value is generally determined through independent appraisals of the underlying collateral primarily using comparable sales. (3) Appraisals may be adjusted by management for qualitative factors such as time, changes in economic conditions and estimated liquidation expense. September 30, 2017 Total Level 1 Level 2 Level 3 (in thousands) Impaired loans (1) $ 137 $ — $ — $ 137 Total $ 137 $ — $ — $ 137 September 30, 2017 Fair Value at Valuation Technique Unobservable Input Range/(Weighted (dollars in thousands) Impaired loans (1) $ 137 Appraisal of collateral (2) Collateral discounts (3) 0%/(0%) Total $ 137 (1) At September 30, 2017, consisted of five loans with an aggregate balance of $374,000 and with $237,000 in specific loan loss allowance. (2) Fair value is generally determined through independent appraisals of the underlying collateral primarily using comparable sales. (3) Appraisals may be adjusted by management for qualitative factors such as time, changes in economic conditions and estimated liquidation expense.
Schedule of carrying amount and estimated fair value of the Company's financial instruments	The carrying amount and estimated fair value of the Company’s financial instruments as of September 30, 2018 and 2017 were as follows: Carrying Fair Value Level 1 Level 2 Level 3 (in thousands) September 30, 2018: Financial assets: Cash and cash equivalents $ 30,834 $ 30,834 $ 30,834 $ — $ — Investment securities available-for-sale 24,298 24,298 9,986 14,062 250 Investment securities held-to-maturity 30,092 28,968 — 28,968 — Loans receivable, net (including impaired loans) 902,136 893,520 — — 893,520 Accrued interest receivable 3,800 3,800 — 3,800 — Restricted stock 8,537 8,537 — 8,537 — Mortgage servicing rights (included in Other Assets) 223 268 — 268 — Derivatives 1,245 1,245 — 1,245 — Financial liabilities: Savings accounts 44,642 44,642 — 44,642 — Checking and NOW accounts 225,750 225,750 — 225,750 — Money market accounts 270,834 270,834 — 270,834 — Certificates of deposit 232,937 234,398 — 234,398 — Borrowings (excluding sub debt) 120,500 120,420 — 120,420 — Subordinated debt 24,461 24,461 24,461 Accrued interest payable 784 784 — 784 — September 30, 2017: Financial assets: Cash and cash equivalents $ 117,136 $ 117,136 $ 117,136 $ — $ — Investment securities available-for-sale 14,587 14,587 — 14,337 250 Investment securities held-to-maturity 34,915 34,566 — 34,566 — Loans receivable, net (including impaired loans) 834,331 839,242 — — 839,242 Accrued interest receivable 3,139 3,139 — 3,139 — Restricted stock 5,559 5,559 — 5,559 — Mortgage servicing rights (included in Other) Assets) 268 271 — 271 — Derivatives 376 376 376 Financial liabilities: Savings accounts 44,526 44,526 — 44,526 — Checking and NOW accounts 197,700 197,700 — 197,700 — Money market accounts 276,404 276,404 — 276,404 — Certificates of deposit 271,766 273,723 — 273,723 — Borrowings (excluding sub debt 123,000 123,658 — 123,658 — Subordinated debt 24,303 24,303 24,303 Accrued interest payable 694 694 — 694 —

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Sep. 30, 2018
Income Tax Disclosure [Abstract]
Schedule of deferred income taxes	Deferred income taxes at September 30, 2018 and 2017 were as follows: September 30, 2018 2017 (In thousands) Deferred Tax Assets: Allowance for loan losses $ 3,089 $ 4,279 Non-accrual 39 16 Alternative minimum tax (AMT) credit carryover — 526 Low-income — 217 Supplement Employer Retirement Plan 228 386 Depreciation — 146 Federal and State net operating loss 141 935 Unrealized loss on investments available-for-sale 106 96 Other 77 388 Total Deferred Tax Assets 3,680 6,989 Valuation allowance for DTA — — Total Deferred Tax Assets, Net of Valuation Allowance $ 3,680 $ 6,989 Deferred Tax Liabilities: Unrealized gain on derivatives (261 ) — Mortgage servicing rights (52 ) (89 ) Depreciation (86 ) — Other (86 ) (229 ) Total Deferred Tax Liabilities (485 ) (318 ) Deferred Tax Assets, Net $ 3,195 $ 6,671
Schedule of income tax expense (benefit)	Income tax expense (benefit) for the years ended September 30, 2018, 2017 and 2016 was comprised of the following: September 30, 2018 2017 2016 (In thousands) Federal: Current $ 1,039 $ 404 $ 142 Deferred ($2.3 million impact of change in tax law) 3,765 2,092 (6,316 ) 4,804 2,496 (6,174 ) State: Current (116 ) 426 — Deferred (412 ) — — (528 ) 426 — Total income tax expense (benefit) $ 4,276 $ 2,922 $ (6,174 )
Schedule of statutory federal income tax rate to the actual income tax expense	A reconciliation from the expected federal income tax expense computed at the statutory federal income tax rate to the actual income tax expense included in the consolidated statements of income for the years ended September 30, 2018, 2017 and 2016: September 30, 2018 2017 2016 (Dollars in thousands) Tax at statutory rate $ 2,809 24.3 % $ 2,971 34.0 % $ 2,032 34.0 % Adjustments resulting from: State tax, net of federal benefit (574 ) (5.0 ) 281 3.2 — — Tax-exempt (147 ) (1.3 ) (161 ) (1.9 ) (265 ) (4.1 ) Earnings on bank-owned life insurance (116 ) (1.0 ) (172 ) (2.0 ) (176 ) (2.9 ) DTA valuation allowance — — — — (8,007 ) (133.6 ) Other 274 2.4 3 0.1 242 3.3 Subtotal 2,246 19.4 % 2,922 33.4 % (6,174 ) (103.3 )% Impact of change in tax law 2,030 17.5 — — — — Total $ 4,276 36.9 % $ 2,922 33.4 % $ (6,174 ) (103.3 )%

Leases (Tables)

Leases (Tables)	12 Months Ended
	Sep. 30, 2018
Leases [Abstract]
Schedule of future minimum rental commitments under lease	Pursuant to the terms of non-cancelable Years ending September 30: 2019 $ 514 2020 467 2021 499 2022 479 2023 471 Thereafter 1,285 $ 3,715 The Company receives rents from the lease of office and residential space owned by the Company. Rental income in included in Other Income. Future minimum rental commitments under these leases are (In thousands): Years ending September 30: 2019 $ 132 2020 75 2021 77 2022 55 2023 — $ 339

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Sep. 30, 2018
Commitments and Contingencies Disclosure [Abstract]
Schedule of financial instruments outstanding	At September 30, 2018 and 2017, the following financial instruments were outstanding whose contract amounts represent credit risk: September 30, 2018 2017 (In thousands) Commitments to extend credit: Future loan commitments $ 52,390 $ 80,273 Undisbursed construction loans 25,128 37,064 Undisbursed home equity lines of credit 26,498 26,440 Undisbursed commercial lines of credit 36,288 34,311 Undisbursed commercial unsecured lines of credit 35,103 21,035 Overdraft protection lines 1,312 1,339 Standby letters of credit 7,122 4,650 Total Commitments $ 183,841 $ 205,112

Regulatory Matters (Tables)

Regulatory Matters (Tables)	12 Months Ended
	Sep. 30, 2018
Banking and Thrift [Abstract]
Schedule of actual capital amounts and ratios	The following table summarizes the Company’s compliance with applicable regulatory capital requirements as of September 30, 2018 and 2017: Actual For Capital To Be Well (Dollars in thousands) Capital Ratio Capital Ratio Capital Ratio As of September 30, 2018: Tier 1 Leverage (Core) Capital (to average assets) $ 110,239 10.63 % $ 41,491 4.00 % $ 51,864 5.00 % Common Equity Tier 1 Capital (to risk weighted assets) 110,239 12.62 % 39,322 4.50 % 56,799 6.50 % Tier 1 Capital (to risk weighted assets) 110,239 12.62 % 52,430 6.00 % 69,906 8.00 % Total Risk Based Capital (to risk weighted assets) 143,787 16.45 % 69,906 8.00 % 87,383 10.00 % As of September 30, 2017: Tier 1 Leverage (Core) Capital (to average assets) $ 100,779 10.00 % $ 40,315 4.00 % $ 50,394 5.00 % Common Equity Tier 1 Capital (to risk weighted assets) 100,779 12.28 % 36,945 4.50 % 53,364 6.50 % Tier 1 Capital (to risk weighted assets) 100,779 12.28 % 49,260 6.00 % 65,679 8.00 % Total Risk Based Capital (to risk weighted assets) 133,549 16.27 % 65,679 8.00 % 82,099 10.00 % The following table summarizes the Bank’s compliance with applicable regulatory capital requirements as of September 30, 2018 and 2017: Actual For Capital To Be Well (Dollars in thousands) Capital Ratio Capital Ratio Capital Ratio As of September 30, 2018: Tier 1 Leverage (to average assets) $ 131,746 12.71 % $ 41,450 4.00 % $ 51,812 5.00 % Common Equity Tier 1 Capital (to risk weighted assets) 131,746 15.09 % 39,293 4.50 % 56,756 6.50 % Tier 1 Capital (to risk weighted assets) 131,746 15.09 % 52,390 6.00 % 69,853 8.00 % Total Capital (to risk weighted assets) 140,833 16.13 % 69,853 8.00 % 87,317 10.00 % As of September 30, 2017: Tier 1 Leverage (to average assets) $ 120,902 12.02 % $ 40,234 4.00 % $ 50,292 5.00 % Common Equity Tier 1 Capital (to risk weighted assets) 120,902 14.75 % 36,894 4.50 % 53,292 6.50 % Tier 1 Capital (to risk weighted assets) 120,902 14.75 % 49,192 6.00 % 65,590 8.00 % Total Capital (to risk weighted assets) 129,369 15.78 % 65,590 8.00 % 81,987 10.00 %
Schedule of reconciliation of Bank's equity	The following table presents a reconciliation of the Bank’s equity determined using accounting principles generally accepted in the United States of America (“US GAAP”) and its regulatory capital amounts as of September 30, 2018 and 2017: September 30, 2018 2017 (In thousands) Bank GAAP equity $ 132,330 $ 122,643 Disallowed portion of deferred tax asset — (1,679 ) Net unrealized loss (gain) on securities available for sale, net of income taxes 400 186 Net unrealized loss (gain) on derivatives, net of income taxes (984 ) (248 ) Tangible Capital, Core Capital and Tier 1 Capital 131,746 120,902 Allowance for loan losses 9,087 8,467 Total Risk-Based Capital $ 140,833 $ 129,369

Comprehensive Income (Loss) (Ta

Comprehensive Income (Loss) (Tables)	12 Months Ended
	Sep. 30, 2018
Equity [Abstract]
Schedule of components of accumulated other comprehensive income (loss)	The components of accumulated other comprehensive income (loss) included in shareholders’ equity are as follows: September 30, 2018 2017 2016 (In thousands) Net unrealized holding gains (losses) on available-for-sale $ (506 ) $ (282 ) $ 447 Tax effect 106 96 (152 ) Net of tax amount (400 ) (186 ) 295 Fair value adjustment on derivatives 1,245 376 (542 ) Tax effect (261 ) (128 ) 184 Net of tax amount 984 248 (358 ) Total accumulated other comprehensive income (loss) $ 584 $ 62 $ (63 )
Schedule of other comprehensive income and related tax effects	Other comprehensive income and related tax effects are presented in the following table: Year Ended September 30, 2018 2017 2016 (In thousands) Net unrealized holding (losses) gains on available-for-sale securities $ (229 ) $ (275 ) $ 2,128 Net realized gain on securities available-for-sale — (463 ) (565 ) Amortization of unrealized holding losses on securities available-for-sale held-to-maturity 6 9 9 Fair value adjustment on derivatives 868 918 (194 ) Other comprehensive income before taxes 645 189 1,378 Tax effect (156 ) (64 ) (362 ) Total comprehensive income $ 489 $ 125 $ 1,016

Equity Based Incentive Compen_2

Equity Based Incentive Compensation Plan (Tables)	12 Months Ended
	Sep. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of fair value of stock option	The assumptions used in determining the fair value of stock option grants for the year ended September 30, 2018 are as follows: Weighted average fair value of awards $ 7.86 Risk-free rate 2.28 % Dividend yield — % Volatility 24.10 % Expected life 6.5 years The assumptions used in determining the fair value of stock option grants for the year ended September 30, 2017 are as follows: Weighted average fair value of awards $ 6.99 Risk-free rate 2.17 % Dividend yield — % Volatility 28.23 % Expected life 6.5 years
Schedule of stock option activity	The following is a summary of currently outstanding options at September 30, 2018: Shares Weighted Weighted Average (In Years) Aggregate Intrinsic Outstanding, beginning of year 11,000 $ 19.19 $ 83,170 Granted 6,996 $ 26.20 — Exercised — — — Forfeited/cancelled/expired (2,000 ) $ 18.51 $ 7,580 Outstanding, end of year 15,996 $ 22.34 8.635 $ 41,490 Exercisable at end of year 2,400 $ 18.51 7.995 $ 13,056 Nonvested at end of year 13,596 $ 23.02 The following is a summary of currently outstanding options at September 30, 2017: Shares Weighted Weighted Average (In Years) Aggregate Intrinsic Outstanding, beginning of year 5,000 $ 16.02 $ 1,900 Granted 7,000 $ 21.00 — Exercised — — — Forfeited/cancelled/expired (1,000 ) $ 16.02 $ 4,780 Outstanding, end of year 11,000 $ 19.19 9.129 $ 83,170 The following is a summary of currently outstanding options at September 30, 2016: Shares Weighted Weighted Average (In Years) Aggregate Intrinsic Outstanding, beginning of year — — — Granted 5,000 $ 16.02 — Exercised — — — Forfeited/cancelled/expired — — — Outstanding, end of year 5,000 $ 16.02 9.498 $ 1,900
Schedule of restricted stock outstanding	The table below summarizes the activity for the Company’s restricted stock outstanding at September 30, 2018: Shares Weighted Outstanding, beginning of year 10,711 $ 20.36 Granted 6,400 26.20 Vested (2,071 ) 20.22 Forfeited/cancelled/expired (700 ) 21.00 Outstanding, end of year 14,340 $ 22.95 The table below summarizes the activity for the Company’s restricted stock outstanding at September 30, 2017: Shares Weighted Outstanding, beginning of year 1,930 $ 17.40 Granted 12,522 20.79 Vested (3,500 ) 20.46 Forfeited/cancelled/expired (241 ) 17.40 Outstanding, end of year 10,711 $ 20.36 The table below summarizes the activity for the Company’s restricted stock outstanding at September 30, 2016: Shares Weighted Outstanding, beginning of year — — Granted 2,240 $ 17.40 Vested — — Forfeited/cancelled/expired (310 ) 17.40 Outstanding, end of year 1,930 $ 17.40

Condensed Financial Informati_2

Condensed Financial Information - Parent Company Only (Tables)	12 Months Ended
	Sep. 30, 2018
Condensed Financial Information Disclosure [Abstract]
Schedule of condensed statements of financial condition	Condensed Statements of Financial Condition September 30, 2018 2017 (In thousands) Assets Cash and Cash Equivalents $ 3,606 $ 7,157 Investment in subsidiaries 132,330 122,643 Loans receivable, net 1,421 1,568 Other assets 657 689 Total Assets $ 138,014 $ 132,057 Liabilities Subordinated debt $ 24,461 $ 24,303 Other borrowings 2,500 5,000 Accrued interest payable 196 204 Accounts payable 34 30 Total Liabilities 27,191 29,537 Shareholders’ Equity 110,823 102,520 Total Liabilities and Shareholders’ Equity $ 138,014 $ 132,057
Schedule of condensed statements of operations	Condensed Statements of Operations Year Ended September 30, 2018 2017 2016 (In thousands) Income Interest income $ 74 $ 81 $ 116 Total Interest Income 74 81 116 Expense Long-term borrowings 1,594 1,021 — Total Interest Expense 1,594 1,021 — Other operating expenses 382 272 189 Total Other Expenses 382 272 189 Total Expense 1,976 1,293 189 Loss before Equity in Undistributed Net Income of Subsidiaries and Income Tax Expense (1,902 ) (1,212 ) (73 ) Equity in Undistributed Net Income of Subsidiaries 8,748 6,792 12,334 Income tax (benefit) expense (460 ) (237 ) 111 Net Income $ 7,306 $ 5,817 $ 12,150
Schedule of condensed statements of comprehensive income (loss)	Condensed Statements of Comprehensive Income Year Ended September 30, (In thousands) 2018 2017 2016 Net Income $ 7,306 $ 5,817 $ 12,150 Other Comprehensive Income (Loss), Net of Tax: Unrealized holding gains (losses) on available-for-sale (229 ) (275 ) 2,128 Tax effect 48 94 (723 ) Net of tax amount (181 ) (181 ) 1,405 Reclassification adjustment for net gains arising during the period (1) — (463 ) (565 ) Tax effect — 157 192 Net of tax amount — (306 ) (373 ) Accretion of unrealized holding losses on securities transferred from available-for-sale held-to-maturity (2) 6 9 9 Tax effect (1 ) (3 ) (3 ) Net of tax amount 5 6 6 Fair value adjustment on derivatives 868 918 (194 ) Tax effect (203 ) (312 ) 172 Net of tax amount 665 606 (22 ) Total other comprehensive income 489 125 1,016 Total comprehensive income $ 7,795 $ 5,942 $ 13,166 (1) Amounts are included in net gain on sales of securities on the Consolidated Statements of Operations in total other income. (2) Amounts are included in interest and dividends on investment securities on the Consolidated Statements of Operations.
Schedule of condensed statements of cash flows	Condensed Statements of Cash Flows Year Ended September 30, 2018 2017 2016 (In thousands) Cash Flows from Operating Activities Net income $ 7,306 $ 5,817 $ 12,150 Undistributed net income of subsidiaries (8,748 ) (6,792 ) (12,334 ) ESOP shares committed to be released 366 311 242 Stock based compensation 142 110 — Amortization of subordinated debt issuance costs 158 39 — Increase in other assets (418 ) (620 ) (2,629 ) (Decrease) increase in other liabilities (4 ) 196 18 Net Cash Used in Operating Activities (1,198 ) (939 ) (2,553 ) Cash Flows from Investing Activities Proceeds from maturities and principal collection on investments held to maturity — — 287 Loan originations and principal collections, net 147 140 133 Net Cash Provided by Investing Activities 147 140 420 Cash Flows from Financing Activities Net proceeds from issuance of subordinated debt — 24,264 — Capitalization from Bancorp to Malvern Federal Savings Bank — (24,500 ) — Proceeds from other borrowings — 10,000 — Repayment of borrowings (2,500 ) (5,000 ) — Net Cash (Used in) Provided by Financing Activities (2,500 ) 4,764 — Net (Decrease) Increase in Cash and Cash Equivalents (3,551 ) 3,965 (2,133 ) Cash and Cash Equivalents — Beginning 7,157 3,192 5,325 Cash and Cash Equivalents — Ending $ 3,606 $ 7,157 $ 3,192 Supplementary Cash Flows Information Non-cash $ — $ — $ 5,475

Quarterly Financial Informati_2

Quarterly Financial Information of Malvern Bancorp Inc. (Unuadited) (Tables)	12 Months Ended
	Sep. 30, 2018
Quarterly Financial Information Disclosure [Abstract]
Schedule of quarterly financial data	The following tables are a summary of certain quarterly financial data for the fiscal years ended September 30, 2018 and 2017. 2018 4 th 3 rd 2 nd 1 st (Dollars in thousands, except per share data) Total Interest and Dividend Income $ 10,617 $ 10,198 $ 9,704 $ 9,511 Total Interest Expense 3,508 3,222 3,136 3,129 Net Interest Income 7,109 6,976 6,568 6,382 Provision for Loan Losses 125 589 240 — Total Other Income 429 715 449 1,711 Total Other Expenses 4,437 4,790 4,105 4,471 Income before income tax expense 2,976 2,312 2,672 3,622 Income tax expense 334 69 654 3,219 Net Income $ 2,642 $ 2,243 $ 2,018 $ 403 Earnings Per Common Share: Basic $ 0.41 $ 0.35 $ 0.31 $ 0.06 Diluted $ 0.41 $ 0.35 $ 0.31 0.06 Weighted Average Common Shares Outstanding Basic 6,464,326 6,453,031 6,448,691 6,445,264 Diluted 6,467,628 6,456,048 6,452,246 6,450,513 2017 4 th 3 rd 2 nd 1 st (Dollars in thousands, except per share data) Total Interest and Dividend Income $ 9,529 $ 8,973 $ 8,175 $ 7,105 Total Interest Expense 2,822 2,574 2,184 1,866 Net Interest Income 6,707 6,399 5,991 5,239 Provision for Loan Losses 489 645 997 660 Total Other Income 532 814 542 453 Total Other Expenses 3,813 3,986 3,778 3,570 Income before income tax expense 2,937 2,582 1,758 1,462 Income tax expense 982 863 588 489 Net Income $ 1,955 $ 1,719 $ 1,170 $ 973 Earnings Per Common Share: Basic $ 0.30 $ 0.27 $ 0.18 $ 0.15 Diluted $ 0.30 $ 0.27 $ 0.18 0.15 Weighted Average Common Shares Outstanding Basic 6,441,731 6,443,515 6,427,309 6,418,583 Diluted 6,445,151 6,445,288 6,427,932 6,419,012

Organizational Structure and _2

Organizational Structure and Nature of Operations - (Narrative) (Detail)	12 Months Ended
	Sep. 30, 2018
Malvern Insurance Associates LLC [Member]
Ownership percentage	100.00%
Bell Rock Capital, LLC [Member]
Non-controlling ownership percentage	10.00%
Delaware Statutory Trusts [Member]
Mortgage backed securities percentage	5.00%
Delaware Statutory Trusts [Member] | Coastal Asset Management Co. [Member]
Mortgage backed securities percentage	95.00%
Bankers Settlement Services Capital Region, LLC [Member]
Non-controlling ownership percentage	3.39%

Summary of Significant Accoun_3

Summary of Significant Accounting Policies ( Narrative 1) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2015
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Cash and Cash Equivalents	$ 30,834	$ 117,136	$ 96,762	$ 40,263
Amount of net repurchases	$ 3,000	$ 135
Number of FHLB shares	108,151	54,787
Dividends, restricted stock	$ 467	$ 257	250
Investment in Federal Home Loan Bank Stock [Member]
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Dividends, restricted stock	467	257	$ 250
Federal Home Loan Bank of Philadelphia [Member]
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Cash and Cash Equivalents	$ 0	$ 0

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Narrative) (Detail) $ in Thousands	12 Months Ended
	Sep. 30, 2018USD ($)Segment	Sep. 30, 2017USD ($)	Sep. 30, 2016USD ($)
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Property and equipment, depreciation method	Straight-line and accelerated methods
Expenses of matching contribution related to the plan	$ 121	$ 115	$ 90
Accrued amount for the plans included in other liabilities	970	1,100
Distributions made during the period	93	25
Expense/(benefit) associated with the plans	5	30	11
Advertising	$ 152	$ 216	$ 131
Number of Reportable Segments | Segment	1
Minimum [Member]
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Useful life	P3Y
Maximum [Member]
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Useful life	P39Y

Earnings Per Share ( Narrative)

Earnings Per Share ( Narrative) (Detail) - shares	12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2008
Earnings Per Share [Abstract]
Stock options	6,996	7,000	5,000	241,178
Restricted shares issued	6,400	12,522	1,930

Earnings Per Share (Detail)

Earnings Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016
Earnings Per Share [Abstract]
Net income	$ 2,642	$ 2,243	$ 2,018	$ 403	$ 1,955	$ 1,719	$ 1,170	$ 973	$ 7,306	$ 5,817	$ 12,150
Weighted average shares outstanding									6,578,097	6,567,788	6,560,012
Average unearned ESOP shares									(121,943)	(136,343)	(150,747)
Basic weighted average shares outstanding	6,464,326	6,453,031	6,448,691	6,445,264	6,441,731	6,443,515	6,427,309	6,418,583	6,456,154	6,431,445	6,409,265
Plus: effect of dilutive options and restricted stock									3,356	692	60
Diluted weighted average common shares outstanding	6,467,628	6,456,048	6,452,246	6,450,513	6,445,151	6,445,288	6,427,932	6,419,012	6,459,510	6,432,137	6,409,325
Earnings per share:
Basic (in dollars per share)	$ 0.41	$ 0.35	$ 0.31	$ 0.06	$ 0.30	$ 0.27	$ 0.18	$ 0.15	$ 1.13	$ 0.90	$ 1.90
Diluted (in dollars per share)	$ 0.41	$ 0.35	$ 0.31	$ 0.06	$ 0.30	$ 0.27	$ 0.18	$ 0.15	$ 1.13	$ 0.90	$ 1.90

Employee Stock Ownership Plan (

Employee Stock Ownership Plan (Narrative) (Detail) - USD ($) $ / shares in Units, $ in Millions	4 Months Ended	12 Months Ended
	Sep. 30, 2008	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016
Employee Stock Ownership Plan (ESOP), Shares in ESOP [Abstract]
Employee stock ownership plan (ESOP), shares purchased	241,178	6,996	7,000	5,000
Employee stock ownership plan (ESOP), amount borrowed	$ 2.6
Average price of shares purchased (in dollars per share)	$ 10.86
Employee stock ownership plan (ESOP), debt structure, direct loan, description	The loan, which bears an interest rate of 5%, is being repaid in quarterly installments through 2026
Committed to be released ESOP shares		14,400	14,400	14,400
Number of unallocated shares		114,765
Number of allocated shares held by the ESOP		144,453
Aggregate fair value of shares held by the ESOP		$ 2.7

Investment Securities (Detail)

Investment Securities (Detail) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Schedule of available-for-sale securities and cost-method investments [Line Items]
Amortized Cost	$ 24,804	$ 14,869
Gross Unrealized Gains		39
Gross Unrealized Losses	(506)	(321)
Fair value	24,298	14,587
Amortized Cost	30,092	34,915
Gross Unrealized Gains		116
Gross Unrealized Losses	(1,124)	(465)
Fair Value	28,968	34,566
Total investment securities Amortized Cost	54,896	49,784
Total investment securities Gross Unrealized Gains		155
Total investment securities Gross Unrealized Losses	(1,630)	(786)
Total investment securities Fair Value	53,266	49,153
U. S. Government Agencies [Member]
Schedule of available-for-sale securities and cost-method investments [Line Items]
Amortized Cost	9,996
Gross Unrealized Losses	(10)
Fair value	9,986
Amortized Cost	1,999	1,999
Gross Unrealized Losses	(20)	(8)
Fair Value	1,979	1,991
State And Municipal Obligations [Member]
Schedule of available-for-sale securities and cost-method investments [Line Items]
Amortized Cost	6,953	6,992
Gross Unrealized Gains		39
Gross Unrealized Losses	(66)	(2)
Fair value	6,887	7,029
Amortized Cost	8,181	9,574
Gross Unrealized Gains		89
Gross Unrealized Losses	(66)
Fair Value	8,115	9,663
Single Issuer Trust Preferred Security [Member]
Schedule of available-for-sale securities and cost-method investments [Line Items]
Amortized Cost	1,000	1,000
Gross Unrealized Losses	(79)	(66)
Fair value	921	934
Corporate Debt Securities [Member]
Schedule of available-for-sale securities and cost-method investments [Line Items]
Amortized Cost	6,605	6,627
Gross Unrealized Losses	(351)	(253)
Fair value	6,254	6,374
Amortized Cost	3,715	3,818
Gross Unrealized Gains		26
Gross Unrealized Losses	(49)
Fair Value	3,666	3,844
Collateralized Mortgage Obligations [Member] | Fixed Rate [Member]
Schedule of available-for-sale securities and cost-method investments [Line Items]
Amortized Cost	16,197	19,524
Gross Unrealized Gains		1
Gross Unrealized Losses	(989)	(457)
Fair Value	15,208	19,068
Mutual Fund [Member]
Schedule of available-for-sale securities and cost-method investments [Line Items]
Amortized Cost	250	250
Fair value	$ 250	$ 250

Investment Securities - (Narrat

Investment Securities - (Narrative) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016
Investments, Debt and Equity Securities [Abstract]
Proceeds from sale of securities available for sale	$ 0	$ 51,100	$ 62,800
Available-for-sale securities, gross realized gains		464,000	595,000
Available-for-sale securities, gross realized losses		1,000	$ 30,000
Fair value of available for sale securities transferred	17,900	9,600
Fair value of available for sale securities short-term borrowings transferred	$ 3,100	$ 6,200

Investment Securities - Gross U

Investment Securities - Gross Unrealized Loss (Detail) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Schedule of available-for-sale securities and cost-method investments [Line Items]
Less than 12 Months: Fair Value	$ 15,419	$ 0
Less than 12 Months: Unrealized Losses	(66)	0
12 Months or longer: Fair Value	8,175	7,809
12 Months or longer: Unrealized Losses	(440)	(321)
Total: Fair Value	23,594	7,809
Total: Unrealized Losses	(506)	(321)
Less than 12 Months: Fair Value	11,908	0
Less than 12 Months: Unrealized Losses	(121)	0
12 Months or longer: Fair Value	17,060	20,893
12 Months or longer: Unrealized Losses	(1,003)	(465)
Total: Fair Value	28,968	20,893
Total: Unrealized Losses	(1,124)	(465)
Total investment securities in an unrealized loss position less than 12 months fair value	27,327	0
Total investment securities in an unrealized loss position less than 12 months gross unrealized loss	(187)	0
Total investment securities in an unrealized loss position 12 months or more fair value	25,235	28,702
Total investment securities in an unrealized loss position 12 months or more gross unrealized loss	(1,443)	(786)
Total investment securities in an unrealized loss position fair value	52,562	28,702
Total investment securities in an unrealized loss position gross unrealized loss	(1,630)	(786)
U. S. Government Agencies [Member]
Schedule of available-for-sale securities and cost-method investments [Line Items]
Less than 12 Months: Fair Value	9,986
Less than 12 Months: Unrealized Losses	(10)
Total: Fair Value	9,986
Total: Unrealized Losses	(10)
Less than 12 Months: Fair Value		0
Less than 12 Months: Unrealized Losses		0
12 Months or longer: Fair Value	1,979	1,991
12 Months or longer: Unrealized Losses	(20)	(8)
Total: Fair Value	1,979	1,991
Total: Unrealized Losses	(20)	(8)
State And Municipal Obligations [Member]
Schedule of available-for-sale securities and cost-method investments [Line Items]
Less than 12 Months: Fair Value	5,433	0
Less than 12 Months: Unrealized Losses	(56)	0
12 Months or longer: Fair Value	1,000	500
12 Months or longer: Unrealized Losses	(10)	(2)
Total: Fair Value	6,433	500
Total: Unrealized Losses	(66)	(2)
Less than 12 Months: Fair Value	8,115
Less than 12 Months: Unrealized Losses	(66)
Total: Fair Value	8,115
Total: Unrealized Losses	(66)
Single Issuer Trust Preferred Security [Member]
Schedule of available-for-sale securities and cost-method investments [Line Items]
12 Months or longer: Fair Value	921	934
12 Months or longer: Unrealized Losses	(79)	(66)
Total: Fair Value	921	934
Total: Unrealized Losses	(79)	(66)
Corporate Debt Securities [Member]
Schedule of available-for-sale securities and cost-method investments [Line Items]
12 Months or longer: Fair Value	6,254	6,375
12 Months or longer: Unrealized Losses	(351)	(253)
Total: Fair Value	6,254	6,375
Total: Unrealized Losses	(351)	(253)
Less than 12 Months: Fair Value	3,666
Less than 12 Months: Unrealized Losses	(49)
Total: Fair Value	3,666
Total: Unrealized Losses	(49)
Collateralized Mortgage Obligations [Member] | Fixed Rate [Member]
Schedule of available-for-sale securities and cost-method investments [Line Items]
Less than 12 Months: Fair Value	127
Less than 12 Months: Unrealized Losses	(6)
12 Months or longer: Fair Value	15,081	18,902
12 Months or longer: Unrealized Losses	(983)	(457)
Total: Fair Value	15,208	18,902
Total: Unrealized Losses	$ (989)	$ (457)

Investment Securities - Schedul

Investment Securities - Schedule maturities (Detail) - USD ($) $ in Thousands	Sep. 30, 2018	Sep. 30, 2017
Available for Sale, Amortized Cost:
Due in one year or less	$ 11,000
Due after one year through five years	7,405
Due after five years through ten years	5,944
Due after ten years	455
Available-for-sale Securities, Amortized Cost Basis, Total	24,804	$ 14,869
Available for Sale, Fair Value:
Due in one year or less	10,984
Due after one year through five years	7,229
Due after five years through ten years	5,630
Due after ten years	455
Available-for-sale Securities, Fair value, Total	24,298	14,587
Held-to-Maturity, Amortized Cost:
Due in one year or less	1,000
Due after one year through five years	999
Due after five years through ten years	5,578
Due after ten years	6,318
Collateralized mortgage obligations, fixed-rate	16,197
Held-to-maturity Securities, Amortized Cost, Total	30,092	34,915
Held-to-Maturity, Fair Value:
Due in one year or less	993
Due after one year through five years	986
Due after five years through ten years	5,490
Due after ten years	6,291
Mortgage-backed securities:
Collateralized mortgage obligations, fixed-rate	15,208
Held-to-maturity Securities, Fair Value, Total	28,968	34,566
Total investment securities Amortized Cost	54,896	49,784
Total investment securities Fair Value	$ 53,266	$ 49,153

Loans Receivable and Related _3

Loans Receivable and Related Allowance for Loan Losses (Detail) - USD ($) $ in Thousands	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2015
Financing Receivable, Impaired [Line Items]
Total loans	$ 910,591	$ 842,146	$ 578,386
Deferred loan fees and cost, net	566	590
Allowance for loan losses	(9,021)	(8,405)	(5,434)	$ (4,667)
Total loans receivable, net	902,136	834,331
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Total loans	197,219	192,500	209,186
Allowance for loan losses	(1,062)	(1,004)	(1,201)	(1,486)
Construction and Development - Residential and Commercial Receivables [Member]
Financing Receivable, Impaired [Line Items]
Total loans	37,433	35,622	18,579
Allowance for loan losses	(393)	(523)	(199)	(30)
Construction And Development - Land Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	9,221	18,377	10,013
Allowance for loan losses	(49)	(132)	(97)	(35)
Construction And Development Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	46,654	53,999
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Total loans	493,929	437,760	231,439
Allowance for loan losses	(5,031)	(3,581)	(1,874)	(1,235)
Total loans receivable, net	16,400
Commercial Multi Family Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	45,102	39,768	19,515
Allowance for loan losses	(232)	(224)	(109)	(104)
Commercial - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	80,059	74,837	38,779
Allowance for loan losses	(467)	(541)	(158)	(108)
Commercial [Member]
Financing Receivable, Impaired [Line Items]
Total loans	631,156	554,088
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Total loans	14,884	16,509	19,757
Allowance for loan losses	(82)	(90)	(116)	(139)
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	18,363	22,480	29,204
Allowance for loan losses	(326)	(402)	(467)	(761)
Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	2,315	2,570	1,914
Allowance for loan losses	(51)	(27)	$ (34)	$ (24)
Consumer Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	35,562	41,559
Commercial Farmland [Member]
Financing Receivable, Impaired [Line Items]
Total loans	12,066	1,723
Allowance for loan losses	$ (66)	$ (9)

Loans Receivable and Related _4

Loans Receivable and Related Allowance for Loan Losses (1) (Detail) - USD ($) $ in Thousands	3 Months Ended							12 Months Ended
	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, Beginning Balance							$ 5,434	$ 8,405	$ 5,434	$ 4,667
Charge-offs								(471)	(223)	(560)
Recoveries								133	403	380
Provisions	$ 125	$ 589	$ 240	$ 489	$ 645	$ 997	660	954	2,791	947
Allowance for loan losses, Ending Balance	9,021			8,405				9,021	8,405	5,434
Allowance for loan losses: Ending balance: individually evaluated for impairment	1,577			237				1,577	237	23
Allowance for loan losses: Ending balance: collectively evaluated for impairment	7,444			8,168				7,444	8,168	5,411
Loans receivable	910,591			842,146				910,591	842,146	578,386
Loans receivable: Ending balance: individually evaluated for impairment	21,328			3,520				21,328	3,520	3,658
Loans Receivable: Ending balance: collectively evaluated for impairment	889,263			838,626				889,263	838,626	574,728
Residential Mortgage [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, Beginning Balance							1,201	1,004	1,201	1,486
Charge-offs								(60)		(9)
Recoveries								58	2	17
Provisions								60	(199)	(293)
Allowance for loan losses, Ending Balance	1,062			1,004				1,062	1,004	1,201
Allowance for loan losses: Ending balance: collectively evaluated for impairment	1,062			1,004				1,062	1,004	1,201
Loans receivable	197,219			192,500				197,219	192,500	209,186
Loans receivable: Ending balance: individually evaluated for impairment	3,148			2,262				3,148	2,262	1,159
Loans Receivable: Ending balance: collectively evaluated for impairment	194,071			190,238				194,071	190,238	208,027
Construction and Development - Residential and Commercial Receivables [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, Beginning Balance							199	523	199	30
Charge-offs										(91)
Recoveries									90	243
Provisions								(130)	234	17
Allowance for loan losses, Ending Balance	393			523				393	523	199
Allowance for loan losses: Ending balance: collectively evaluated for impairment	393			523				393	523	199
Loans receivable	37,433			35,622				37,433	35,622	18,579
Loans receivable: Ending balance: individually evaluated for impairment										109
Loans Receivable: Ending balance: collectively evaluated for impairment	37,433			35,622				37,433	35,622	18,470
Construction And Development - Land Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, Beginning Balance							97	132	97	35
Provisions								(83)	35	62
Allowance for loan losses, Ending Balance	49			132				49	132	97
Allowance for loan losses: Ending balance: collectively evaluated for impairment	49			132				49	132	97
Loans receivable	9,221			18,377				9,221	18,377	10,013
Loans receivable: Ending balance: individually evaluated for impairment	76			94				76	94
Loans Receivable: Ending balance: collectively evaluated for impairment	9,145			18,283				9,145	18,283	10,013
Commercial Real Estate [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, Beginning Balance							1,874	3,581	1,874	1,235
Charge-offs								(276)		(99)
Recoveries								11	40	3
Provisions								1,715	1,667	735
Allowance for loan losses, Ending Balance	5,031			3,581				5,031	3,581	1,874
Allowance for loan losses: Ending balance: individually evaluated for impairment	1,448							1,448
Allowance for loan losses: Ending balance: collectively evaluated for impairment	3,583			3,581				3,583	3,581	1,874
Loans receivable	493,929			437,760				493,929	437,760	231,439
Loans receivable: Ending balance: individually evaluated for impairment	17,409			555				17,409	555	2,039
Loans Receivable: Ending balance: collectively evaluated for impairment	476,520			437,205				476,520	437,205	229,400
Commercial Multi Family Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, Beginning Balance							109	224	109	104
Provisions								8	115	5
Allowance for loan losses, Ending Balance	232			224				232	224	109
Allowance for loan losses: Ending balance: collectively evaluated for impairment	232			224				232	224	109
Loans receivable	45,102			39,768				45,102	39,768	19,515
Loans Receivable: Ending balance: collectively evaluated for impairment	45,102			39,768				45,102	39,768	19,515
Commercial - Other Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, Beginning Balance							158	541	158	108
Charge-offs								(45)
Recoveries								4	9	3
Provisions								(33)	374	47
Allowance for loan losses, Ending Balance	467			541				467	541	158
Allowance for loan losses: Ending balance: individually evaluated for impairment				109					109
Allowance for loan losses: Ending balance: collectively evaluated for impairment	467			432				467	432	158
Loans receivable	80,059			74,837				80,059	74,837	38,779
Loans receivable: Ending balance: individually evaluated for impairment				243					243
Loans Receivable: Ending balance: collectively evaluated for impairment	80,059			74,594				80,059	74,594	38,779
Consumer - Home Equity Lines of Credit [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, Beginning Balance							116	90	116	139
Recoveries								1	18	1
Provisions								(9)	(44)	(24)
Allowance for loan losses, Ending Balance	82			90				82	90	116
Allowance for loan losses: Ending balance: collectively evaluated for impairment	82			90				82	90	116
Loans receivable	14,884			16,509				14,884	16,509	19,757
Loans receivable: Ending balance: individually evaluated for impairment	34			10				34	10	74
Loans Receivable: Ending balance: collectively evaluated for impairment	14,850			16,499				14,850	16,499	19,683
Consumer - Second Mortgages Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, Beginning Balance							467	402	467	761
Charge-offs								(88)	(218)	(291)
Recoveries								52	232	100
Provisions								(40)	(79)	(103)
Allowance for loan losses, Ending Balance	326			402				326	402	467
Allowance for loan losses: Ending balance: individually evaluated for impairment	103			128				103	128	23
Allowance for loan losses: Ending balance: collectively evaluated for impairment	223			274				223	274	444
Loans receivable	18,363			22,480				18,363	22,480	29,204
Loans receivable: Ending balance: individually evaluated for impairment	635			356				635	356	277
Loans Receivable: Ending balance: collectively evaluated for impairment	17,728			22,124				17,728	22,124	28,927
Consumer - Other Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, Beginning Balance							34	27	34	24
Charge-offs								(2)	(5)	(70)
Recoveries								7	12	13
Provisions								19	(14)	67
Allowance for loan losses, Ending Balance	51			27				51	27	34
Allowance for loan losses: Ending balance: individually evaluated for impairment	26							26
Allowance for loan losses: Ending balance: collectively evaluated for impairment	25			27				25	27	34
Loans receivable	2,315			2,570				2,315	2,570	1,914
Loans receivable: Ending balance: individually evaluated for impairment	26							26
Loans Receivable: Ending balance: collectively evaluated for impairment	2,289			2,570				2,289	2,570	1,914
Unallocated [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, Beginning Balance							$ 1,179	1,872	1,179	745
Provisions								(610)	693	434
Allowance for loan losses, Ending Balance	1,262			1,872				1,262	1,872	1,179
Allowance for loan losses: Ending balance: collectively evaluated for impairment	1,262			1,872				1,262	1,872	$ 1,179
Commercial Farmland [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, Beginning Balance								9
Provisions								57	9
Allowance for loan losses, Ending Balance	66			9				66	9
Allowance for loan losses: Ending balance: collectively evaluated for impairment	66			9				66	9
Loans receivable	12,066			1,723				12,066	1,723
Loans Receivable: Ending balance: collectively evaluated for impairment	$ 12,066			$ 1,723				$ 12,066	$ 1,723

Loans Receivable and Related _5

Loans Receivable and Related Allowance for Loan Losses (2) (Detail) - USD ($) $ in Thousands	Sep. 30, 2018	Sep. 30, 2017
Financing Receivable, Impaired [Line Items]
Impaired Loans With Specific Allowance, Recorded Investment	$ 16,489	$ 374
Impaired Loans With Specific Allowance, Related Allowance	1,577	237
Impaired Loans With No Specific Allowance, Recorded Investment	4,839	3,146
Total Impaired Loans Recorded Investment	21,328	3,520
Total Impaired Loans Unpaid Principal Balance	21,888	3,667
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans With No Specific Allowance, Recorded Investment	3,148	2,262
Total Impaired Loans Recorded Investment	3,148	2,262
Total Impaired Loans Unpaid Principal Balance	3,337	2,379
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans With Specific Allowance, Recorded Investment	16,343
Impaired Loans With Specific Allowance, Related Allowance	1,448
Impaired Loans With No Specific Allowance, Recorded Investment	1,066	555
Total Impaired Loans Recorded Investment	17,409	555
Total Impaired Loans Unpaid Principal Balance	17,685	555
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans With No Specific Allowance, Recorded Investment	34	10
Total Impaired Loans Recorded Investment	34	10
Total Impaired Loans Unpaid Principal Balance	34	11
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans With Specific Allowance, Recorded Investment	120	131
Impaired Loans With Specific Allowance, Related Allowance	103	128
Impaired Loans With No Specific Allowance, Recorded Investment	515	225
Total Impaired Loans Recorded Investment	635	356
Total Impaired Loans Unpaid Principal Balance	730	385
Construction And Development - Land Receivable [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans With No Specific Allowance, Recorded Investment	76	94
Total Impaired Loans Recorded Investment	76	94
Total Impaired Loans Unpaid Principal Balance	76	94
Commercial - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans With Specific Allowance, Recorded Investment		243
Impaired Loans With Specific Allowance, Related Allowance		109
Total Impaired Loans Recorded Investment		243
Total Impaired Loans Unpaid Principal Balance		$ 243
Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans With Specific Allowance, Recorded Investment	26
Impaired Loans With Specific Allowance, Related Allowance	26
Total Impaired Loans Recorded Investment	26
Total Impaired Loans Unpaid Principal Balance	$ 26

Loans Receivable and Related _6

Loans Receivable and Related Allowance for Loan Losses (3) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	$ 9,019	$ 3,503	$ 2,741
Interest Income Recognized on Impaired Loans	314	80	73
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	1,833	2,076	707
Interest Income Recognized on Impaired Loans	56	52
Construction and Development - Residential and Commercial Receivables [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans		80	150
Interest Income Recognized on Impaired Loans		4	4
Construction And Development - Land Receivable [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	65	24
Interest Income Recognized on Impaired Loans	5	1
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	6,510	932	1,646
Interest Income Recognized on Impaired Loans	245	18	69
Commercial - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	138	144
Interest Income Recognized on Impaired Loans		2
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	14	38	24
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	458	209	$ 214
Interest Income Recognized on Impaired Loans	8	$ 3
Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	$ 1

Loans Receivable and Related _7

Loans Receivable and Related Allowance for Loan Losses ( 4) (Detail) - USD ($) $ in Thousands	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	$ 910,591	$ 842,146	$ 578,386
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	197,219	192,500	209,186
Construction and Development - Residential and Commercial Receivables [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	37,433	35,622	18,579
Construction And Development - Land Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	9,221	18,377	10,013
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	493,929	437,760	231,439
Commercial Farmland [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	12,066	1,723
Commercial Multi Family Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	45,102	39,768	19,515
Commercial - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	80,059	74,837	38,779
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	14,884	16,509	19,757
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	18,363	22,480	29,204
Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	2,315	2,570	$ 1,914
Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	885,863	825,731
Pass [Member] | Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	193,584	189,925
Pass [Member] | Construction and Development - Residential and Commercial Receivables [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	37,433	35,622
Pass [Member] | Construction And Development - Land Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	9,146	13,207
Pass [Member] | Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	474,232	431,336
Pass [Member] | Commercial Farmland [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	12,066	1,723
Pass [Member] | Commercial Multi Family Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	45,102	39,410
Pass [Member] | Commercial - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	79,902	73,935
Pass [Member] | Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	14,707	16,399
Pass [Member] | Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	17,402	21,611
Pass [Member] | Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	2,289	2,563
Special Mention [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	1,052	5,046
Special Mention [Member] | Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross		114
Special Mention [Member] | Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	949	4,456
Special Mention [Member] | Commercial Multi Family Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross		358
Special Mention [Member] | Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	103	112
Special Mention [Member] | Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross		6
Substandard [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	23,676	11,369
Substandard [Member] | Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	3,635	2,461
Substandard [Member] | Construction And Development - Land Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	75	5,170
Substandard [Member] | Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	18,748	1,968
Substandard [Member] | Commercial - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	157	902
Substandard [Member] | Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	177	110
Substandard [Member] | Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	858	757
Substandard [Member] | Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	$ 26	$ 1

Loans Receivable and Related _8

Loans Receivable and Related Allowance for Loan Losses ( 5) (Detail) - USD ($) $ in Thousands	Sep. 30, 2018	Sep. 30, 2017
Financing Receivable, Impaired [Line Items]
Total non-accrual loans	$ 2,687	$ 1,038
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Total non-accrual loans	1,817	826
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Total non-accrual loans	520
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Total non-accrual loans	34	10
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total non-accrual loans	290	$ 202
Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total non-accrual loans	$ 26

Loans Receivable and Related _9

Loans Receivable and Related Allowance for Loan Losses (Narrative) (Detail)	12 Months Ended
	Sep. 30, 2018USD ($)Number	Sep. 30, 2017USD ($)Number	Sep. 30, 2016USD ($)	Nov. 30, 2018USD ($)
Financing Receivable, Impaired [Line Items]
Non accrual loans interest income	$ 28,000	$ 32,000	$ 48,000
Loans past due 90 days or more and still accruing interest	$ 374,000	$ 173,000
Number of loans | Number	18	12
Recorded Investment	$ 18,929,000	$ 2,260,000
Loans receivable, net	902,136,000	834,331,000
Mortgage Servicing Rights [Member]
Financing Receivable, Impaired [Line Items]
Servicing Asset	$ 29,300,000	$ 36,100,000	45,400,000
Loan servicing rights, discount rate	11.00%	12.00%
Performing Financing Receivable [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	$ 18,640,000	$ 2,238,000
Nonperforming Financing Receivable [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	$ 289,000	$ 22,000
Subsequent Event [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment				$ 7,000,000
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Number of loans | Number	4	2
Recorded Investment	$ 16,889,000	$ 554,000
Loans receivable, net	$ 16,400,000
Number of loans sold | Number	2
Commercial Real Estate [Member] | Performing Financing Receivable [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	$ 16,889,000	554,000
Construction and Development - Residential and Commercial Receivables [Member]
Financing Receivable, Impaired [Line Items]
Real estate through foreclosure	1,400,000	252,000
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Loans past due 90 days or more and still accruing interest	$ 339,000	$ 31,000
Number of loans | Number	10	6
Recorded Investment	$ 1,816,000	$ 1,464,000
Residential Mortgage [Member] | Fixed Rate [Member]
Financing Receivable, Impaired [Line Items]
Sale of loan servicing rights at fair value	9,200,000	9,300,000	6,400,000
Gain on sale of loans, net	102,000	154,000	$ 116,000
Residential Mortgage [Member] | Performing Financing Receivable [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	1,527,000	$ 1,464,000
Residential Mortgage [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	$ 289,000

Loans Receivable and Related_10

Loans Receivable and Related Allowance for Loan Losses ( 6) (Detail) - USD ($) $ in Thousands	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016
Financing Receivable, Impaired [Line Items]
Current	$ 898,519	$ 836,269
Past Due	12,072	5,877
Total Loans Receivable	910,591	842,146	$ 578,386
Accruing 90 Days or More Past Due	374	173
30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	1,027	2,803
60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	8,139	2,161
Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	2,906	913
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Current	193,727	189,272
Past Due	3,492	3,228
Total Loans Receivable	197,219	192,500	209,186
Accruing 90 Days or More Past Due	339	31
Residential Mortgage [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	450	1,442
Residential Mortgage [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	1,016	1,145
Residential Mortgage [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	2,026	641
Construction and Development - Residential and Commercial Receivables [Member]
Financing Receivable, Impaired [Line Items]
Current	37,433	35,622
Total Loans Receivable	37,433	35,622	18,579
Construction And Development - Land Receivable [Member]
Financing Receivable, Impaired [Line Items]
Current	9,221	18,377
Total Loans Receivable	9,221	18,377	10,013
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Current	485,886	436,804
Past Due	8,043	956
Total Loans Receivable	493,929	437,760	231,439
Commercial Real Estate [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	449	160
Commercial Real Estate [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	7,019	796
Commercial Real Estate [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	575
Commercial Farmland [Member]
Financing Receivable, Impaired [Line Items]
Current	12,066	1,723
Total Loans Receivable	12,066	1,723
Commercial Multi Family Receivable [Member]
Financing Receivable, Impaired [Line Items]
Current	45,102	39,768
Total Loans Receivable	45,102	39,768	19,515
Commercial - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Current	80,059	74,837
Total Loans Receivable	80,059	74,837	38,779
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Current	14,815	16,122
Past Due	69	387
Total Loans Receivable	14,884	16,509	19,757
Accruing 90 Days or More Past Due	35
Consumer - Home Equity Lines of Credit [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due		350
Consumer - Home Equity Lines of Credit [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due		37
Consumer - Home Equity Lines of Credit [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	69
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Current	17,928	21,183
Past Due	435	1,297
Total Loans Receivable	18,363	22,480	29,204
Accruing 90 Days or More Past Due		141
Consumer - Second Mortgages Receivable [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	121	844
Consumer - Second Mortgages Receivable [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	103	182
Consumer - Second Mortgages Receivable [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	211	271
Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Current	2,282	2,561
Past Due	33	9
Total Loans Receivable	2,315	2,570	$ 1,914
Accruing 90 Days or More Past Due		1
Consumer - Other Receivable [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	7	7
Consumer - Other Receivable [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	1	1
Consumer - Other Receivable [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	$ 25	$ 1

Loans Receivable and Related_11

Loans Receivable and Related Allowance for Loan Losses (Details 7) (Detail) $ in Thousands	12 Months Ended
	Sep. 30, 2018USD ($)Number	Sep. 30, 2017USD ($)Number
Financing Receivable, Impaired [Line Items]
Total Troubled Debt Restructurings, Number of Loans | Number	18	12
Total Troubled Debt Restructurings, Recorded Investment | $	$ 18,929	$ 2,260
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Number of Loans | Number	3	1
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Recorded Investment | $	$ 289	$ 22
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Total Troubled Debt Restructurings, Number of Loans | Number	10	6
Total Troubled Debt Restructurings, Recorded Investment | $	$ 1,816	$ 1,464
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Number of Loans | Number	3
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Recorded Investment | $	$ 289
Construction And Development - Land Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total Troubled Debt Restructurings, Number of Loans | Number	1	1
Total Troubled Debt Restructurings, Recorded Investment | $	$ 76	$ 94
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Total Troubled Debt Restructurings, Number of Loans | Number	4	2
Total Troubled Debt Restructurings, Recorded Investment | $	$ 16,889	$ 554
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total Troubled Debt Restructurings, Number of Loans | Number	3	3
Total Troubled Debt Restructurings, Recorded Investment | $	$ 148	$ 148
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Number of Loans | Number		1
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Recorded Investment | $		$ 22

Loans Receivable and Related_12

Loans Receivable and Related Allowance for Loan Losses (8) (Detail) - USD ($) $ in Thousands	Sep. 30, 2018	Sep. 30, 2017
Recorded Investment	$ 18,929	$ 2,260
Performing Financing Receivable [Member]
Recorded Investment	18,640	2,238
Nonperforming Financing Receivable [Member]
Recorded Investment	289	22
Residential Mortgage [Member]
Recorded Investment	1,816	1,464
Residential Mortgage [Member] | Performing Financing Receivable [Member]
Recorded Investment	1,527	1,464
Residential Mortgage [Member] | Nonperforming Financing Receivable [Member]
Recorded Investment	289
Construction And Development - Land Receivable [Member]
Recorded Investment	76	94
Construction And Development - Land Receivable [Member] | Performing Financing Receivable [Member]
Recorded Investment	76	94
Commercial Real Estate [Member]
Recorded Investment	16,889	554
Commercial Real Estate [Member] | Performing Financing Receivable [Member]
Recorded Investment	16,889	554
Consumer - Second Mortgages Receivable [Member]
Recorded Investment	148	148
Consumer - Second Mortgages Receivable [Member] | Performing Financing Receivable [Member]
Recorded Investment	$ 148	126
Consumer - Second Mortgages Receivable [Member] | Nonperforming Financing Receivable [Member]
Recorded Investment		$ 22

Loans Receivable and Related_13

Loans Receivable and Related Allowance for Loan Losses (9) (Detail) $ in Thousands	12 Months Ended
	Sep. 30, 2018USD ($)Number	Sep. 30, 2017USD ($)Number
Financing Receivable, Impaired [Line Items]
Number of Loans | Number	6	7
Pre-Modifications Outstanding Recorded Investments	$ 16,806	$ 1,389
Post-Modifications Outstanding Recorded Investments	$ 16,729	$ 1,389
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Number of Loans | Number	4	4
Pre-Modifications Outstanding Recorded Investments	$ 389	$ 1,236
Post-Modifications Outstanding Recorded Investments	$ 386	$ 1,236
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Number of Loans | Number	2
Pre-Modifications Outstanding Recorded Investments	$ 16,417
Post-Modifications Outstanding Recorded Investments	$ 16,343
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Number of Loans | Number		3
Pre-Modifications Outstanding Recorded Investments		$ 153
Post-Modifications Outstanding Recorded Investments		$ 153

Loans Receivable and Related_14

Loans Receivable and Related Allowance for Loan Losses (10) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Loans and Leases Receivable, Related Parties [Roll Forward]
Balance at beginning of year	$ 12,335	$ 7,992
New loans	9,018	7,231
Repayments	(12,662)	(2,888)
Balance at end of year	$ 8,691	$ 12,335

Loans Receivable and Related_15

Loans Receivable and Related Allowance for Loan Losses (11) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016
Servicing Asset at Fair Value, Amount [Roll Forward]
Balance at beginning of year	$ 268	$ 328	$ 401
Amortization	(45)	(60)	(73)
Balance at end of year	$ 223	$ 268	$ 328

Property and Equipment (Detail)

Property and Equipment (Detail) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 17,921	$ 18,651
Accumulated depreciation	(10,740)	(11,144)
Property and equipment, net	7,181	7,507
Land [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	711	711
Building and improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 11,533	12,465
Building and improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful life (years)	10 years
Building and improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful life (years)	39 years
Construction in process [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 117	109
Furniture, fixtures and equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 5,560	$ 5,366
Furniture, fixtures and equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful life (years)	3 years
Furniture, fixtures and equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful life (years)	7 years

Property and Equipment (Narrati

Property and Equipment (Narrative) (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2017	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016
Property, Plant and Equipment [Abstract]
Depreciation		$ 758	$ 724	$ 650
Net gain on sale of real estate		$ 1,186		$ 1
Exton, Pennsylvania Branch [Member]
Property, Plant and Equipment [Abstract]
Net gain on sale of real estate	$ 1,200

Deposits (Detail)

Deposits (Detail) - USD ($) $ in Thousands	Sep. 30, 2018	Sep. 30, 2017
Deposits:
Savings	$ 44,642	$ 44,526
Money market accounts	270,834	276,404
Interest bearing demand	184,073	155,579
Non-Interest bearing demand	41,677	42,121
Total deposits before certificate accounts	541,226	518,630
Certificates of deposit	232,937	271,766
Total Deposits	$ 774,163	$ 790,396
Percentage of savings	5.77%	5.63%
Percentage of money market accounts	34.98%	34.97%
Percentage of interest bearing demand	23.78%	19.69%
Percentage of non-interest bearing demand	5.38%	5.33%
Percentage of total deposits before certificate	69.91%	65.62%
Percentage of certificate of deposit	30.09%	34.38%
Percentage of total deposits	100.00%	100.00%

Deposits (Narrative) (Detail)

Deposits (Narrative) (Detail) - USD ($) $ in Millions	Sep. 30, 2018	Sep. 30, 2017
Deposits:
Certificates of deposit of $250,000 and greater	$ 37.7	$ 21.8
Brokered deposits	88.3	103.7
Related party deposit liabilities	$ 10.1	$ 11.4

Deposits 1 (Detail)

Deposits 1 (Detail) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016
Deposits:
Savings accounts	$ 36	$ 37	$ 33
Money market accounts	3,271	1,985	874
Interest bearing demand	1,742	353	139
Certificates of deposit	4,151	3,861	3,491
Total deposits	$ 9,200	$ 6,236	$ 4,537

Deposits (2) (Detail)

Deposits (2) (Detail) $ in Thousands	Sep. 30, 2018USD ($)
Deposits:
2,019	$ 110,875
2,020	69,894
2,021	24,039
2,022	4,276
2,023	6,788
Thereafter	17,064
Time deposits, total	$ 232,937

Borrowings (Narrative) (Detail)

Borrowings (Narrative) (Detail) - Line of Credit [Member] - Federal Home Loan Bank of Pittsburgh [Member] - USD ($) $ in Millions	Sep. 30, 2018	Sep. 30, 2017
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Maximum borrowing capacity of line of credit facility	$ 150	$ 150
Interest rate under line of credit facility	2.38%	1.27%
Outstanding long-term FHLB advances	$ 118
Potential FHLB advances available	230.1
Securities sold under agreements	$ 2.5	$ 5
Interest rate under line of credit facility for repurchase	2.50%	1.46%

Borrowings (Detail)

Borrowings (Detail) - USD ($) $ in Thousands	Sep. 30, 2018	Sep. 30, 2017
Long-Term Borrowings, Amount
2,018		$ 35,000
2,019	$ 90,000	55,000
2,020	28,000	28,000
Total FHLB Advances	$ 118,000	$ 118,000
Long-Term Borrowings, Weighted Average Rate
2,018		0.45%
2,019	1.41%	1.62%
2,020	2.82%	2.82%
Total FHLB Advances	1.58%	1.51%

Derivatives - (Narrative) (Deta

Derivatives - (Narrative) (Detail) - Interest Rate Swap [Member] - USD ($)	12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016
Derivative [Line Items]
Derivative, Gain on Derivative	$ 423,000
Interest expense (benefit)	(134,000)	$ 159,000	$ 272,000
Derivatives minimum collateral posting thresholds	$ 0	$ 0

Derivatives and Hedging Activit

Derivatives and Hedging Activities (Detail) - Other Assets [Member] - Designated as Hedging Instrument [Member] - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Interest Rate Swap Due On August 3, 2020 [Member]
Effective Date	Aug. 3, 2015	Aug. 3, 2015
Notional Amount	$ 15,000	$ 15,000
Fair Value	$ 308	$ 9
Expiration Date	Aug. 3, 2020	Aug. 3, 2020
Interest Rate Swap Due On February 1, 2021 [Member]
Effective Date	Feb. 5, 2016	Feb. 5, 2016
Notional Amount	$ 20,000	$ 20,000
Fair Value	$ 763	$ 367
Expiration Date	Feb. 1, 2021	Feb. 1, 2021
Interest Rate Swap Due On October 22, 2018 [Member]
Effective Date	Oct. 22, 2018
Notional Amount	$ 30,000
Fair Value	$ 174
Expiration Date	Oct. 22, 2021

Derivatives - Statement of Oper

Derivatives - Statement of Operations Relating to The Cash Flow Derivative Instrument. (Detail) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016
Derivative [Line Items]
Amount of Gain (Loss) Recognized in OCI (Effective Portion)	$ 1,245	$ 376	$ (542)
Interest Rate Swap Due On August 3, 2020 [Member]
Derivative [Line Items]
Amount of Gain (Loss) Recognized in OCI (Effective Portion)	314	293	(270)
Amount of Gain (Loss) Reclassified from OCI to Interest Expense	15	(111)	(188)
Amount of Gain (Loss) Recognized in Other Non-Interest Income (Ineffective Portion)	0	0	0
Interest Rate Swap Due On February 1, 2021 [Member]
Derivative [Line Items]
Amount of Gain (Loss) Recognized in OCI (Effective Portion)	515	466	(231)
Amount of Gain (Loss) Reclassified from OCI to Interest Expense	119	(48)	(84)
Amount of Gain (Loss) Recognized in Other Non-Interest Income (Ineffective Portion)	0	$ 0	$ 0
Interest Rate Swap Due On October 22, 2018 [Member]
Derivative [Line Items]
Amount of Gain (Loss) Recognized in OCI (Effective Portion)	174
Amount of Gain (Loss) Recognized in Other Non-Interest Income (Ineffective Portion)	$ 0

Fair Value Measurements (Detail

Fair Value Measurements (Detail) - USD ($) $ in Thousands	Sep. 30, 2018	Sep. 30, 2017
Assets
Investment securities available for sale, at fair value	$ 24,298	$ 14,587
State And Municipal Obligations [Member]
Assets
Investment securities available for sale, at fair value	6,887	7,029
Single Issuer Trust Preferred Security [Member]
Assets
Investment securities available for sale, at fair value	921	934
Corporate Debt Securities [Member]
Assets
Investment securities available for sale, at fair value	6,254	6,374
Mutual Fund [Member]
Assets
Investment securities available for sale, at fair value	250	250
Fair Value, Measurements, Recurring [Member]
Assets
Investment securities available for sale, at fair value	24,298	14,587
Derivative assets	1,245	376
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Assets
Investment securities available for sale, at fair value	9,986
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Assets
Investment securities available for sale, at fair value	14,062	14,337
Derivative assets	1,245	376
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Assets
Investment securities available for sale, at fair value	250	250
Fair Value, Measurements, Recurring [Member] | US Treasury Notes [Member]
Assets
Investment securities available for sale, at fair value	9,986
Fair Value, Measurements, Recurring [Member] | US Treasury Notes [Member] | Fair Value, Inputs, Level 1 [Member]
Assets
Investment securities available for sale, at fair value	9,986
Fair Value, Measurements, Recurring [Member] | State And Municipal Obligations [Member]
Assets
Investment securities available for sale, at fair value	6,887	7,029
Fair Value, Measurements, Recurring [Member] | State And Municipal Obligations [Member] | Fair Value, Inputs, Level 2 [Member]
Assets
Investment securities available for sale, at fair value	6,887	7,029
Fair Value, Measurements, Recurring [Member] | Single Issuer Trust Preferred Security [Member]
Assets
Investment securities available for sale, at fair value	921	934
Fair Value, Measurements, Recurring [Member] | Single Issuer Trust Preferred Security [Member] | Fair Value, Inputs, Level 2 [Member]
Assets
Investment securities available for sale, at fair value	921	934
Fair Value, Measurements, Recurring [Member] | Corporate Debt Securities [Member]
Assets
Investment securities available for sale, at fair value	6,254	6,374
Fair Value, Measurements, Recurring [Member] | Corporate Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Assets
Investment securities available for sale, at fair value	6,254	6,374
Fair Value, Measurements, Recurring [Member] | Mutual Fund [Member]
Assets
Investment securities available for sale, at fair value	250	250
Fair Value, Measurements, Recurring [Member] | Mutual Fund [Member] | Fair Value, Inputs, Level 3 [Member]
Assets
Investment securities available for sale, at fair value	$ 250	$ 250

Fair Value Measurements (1) (De

Fair Value Measurements (1) (Detail) - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Thousands	Sep. 30, 2018	Sep. 30, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value, nonrecurring basis	$ 15,611	$ 137
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value, nonrecurring basis	15,611	137
Impaired Loans Net [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value, nonrecurring basis	15,611	137
Impaired Loans Net [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value, nonrecurring basis	$ 15,611	$ 137

Fair Value Measurements (Narrat

Fair Value Measurements (Narrative) (Detail) - USD ($) $ in Thousands	Sep. 30, 2018	Sep. 30, 2017
Fair Value Disclosures [Abstract]
Impaired Loans with aggregate balance	$ 16,489	$ 374
Impaired Loans with specific loan loss allowance	$ 1,577	$ 237

Fair Value Measurements (2) (De

Fair Value Measurements (2) (Detail) - USD ($) $ in Thousands	Sep. 30, 2018	Sep. 30, 2017
Financial assets:
Investment securities available-for-sale	$ 24,298	$ 14,587
Investment securities held-to-maturity	28,968	34,566
Financial liabilities:
Subordinated debt	24,461	24,303
Carrying Amount [Member]
Financial assets:
Cash and cash equivalents	30,834	117,136
Investment securities available-for-sale	24,298	14,587
Investment securities held-to-maturity	30,092	34,915
Loans receivable, net (including impaired loans)	902,136	834,331
Accrued interest receivable	3,800	3,139
Restricted stock	8,537	5,559
Mortgage servicing rights (included in Other Assets)	223	268
Derivatives	1,245	376
Financial liabilities:
Savings accounts	44,642	44,526
Checking and NOW accounts	225,750	197,700
Money market accounts	270,834	276,404
Certificates of deposit	232,937	271,766
Borrowings (excluding sub debt)	120,500	123,000
Subordinated debt	24,461	24,303
Accrued interest payable	784	694
Fair Value [Member]
Financial assets:
Cash and cash equivalents	30,834	117,136
Investment securities available-for-sale	24,298	14,587
Investment securities held-to-maturity	28,968	34,566
Loans receivable, net (including impaired loans)	893,520	839,242
Accrued interest receivable	3,800	3,139
Restricted stock	8,537	5,559
Mortgage servicing rights (included in Other Assets)	268	271
Derivatives	1,245	376
Financial liabilities:
Savings accounts	44,642	44,526
Checking and NOW accounts	225,750	197,700
Money market accounts	270,834	276,404
Certificates of deposit	234,398	273,723
Borrowings (excluding sub debt)	120,420	123,658
Subordinated debt	24,461	24,303
Accrued interest payable	784	694
Fair Value, Inputs, Level 1 [Member] | Fair Value [Member]
Financial assets:
Cash and cash equivalents	30,834	117,136
Investment securities available-for-sale	9,986
Fair Value, Inputs, Level 2 [Member] | Fair Value [Member]
Financial assets:
Investment securities available-for-sale	14,062	14,337
Investment securities held-to-maturity	28,968	34,566
Accrued interest receivable	3,800	3,139
Restricted stock	8,537	5,559
Mortgage servicing rights (included in Other Assets)	268	271
Derivatives	1,245	376
Financial liabilities:
Savings accounts	44,642	44,526
Checking and NOW accounts	225,750	197,700
Money market accounts	270,834	276,404
Certificates of deposit	234,398	273,723
Borrowings (excluding sub debt)	120,420	123,658
Subordinated debt	24,461	24,303
Accrued interest payable	784	694
Fair Value, Inputs, Level 3 [Member] | Fair Value [Member]
Financial assets:
Investment securities available-for-sale	250	250
Loans receivable, net (including impaired loans)	$ 893,520	$ 839,242

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Detail) - USD ($) $ in Thousands	Dec. 22, 2017	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016
Income Tax Contingency [Line Items]
Federal statutory tax rate	21.00%	24.30%	34.00%	34.00%
Previously Federal statutory tax rate	34.00%
Increase in deferred tax		$ 2,000
Deferred tax asset operating loss carryforward		141
Domestic Tax Authority [Member]
Income Tax Contingency [Line Items]
Operating loss carryforwards		$ 7,300

Income Taxes - Schedule of defe

Income Taxes - Schedule of deferred income taxes (Detail) - USD ($) $ in Thousands	Sep. 30, 2018	Sep. 30, 2017
Deferred Tax Assets:
Allowance for loan losses	$ 3,089	$ 4,279
Non-accrual interest	39	16
Alternative minimum tax (AMT) credit carryover		526
Low-income housing tax credit carryover		217
Supplement Employer Retirement Plan	228	386
Depreciation		146
Federal and State net operating loss	141	935
Unrealized loss on investments available-for-sale	106	96
Other	77	388
Total Deferred Tax Assets	3,680	6,989
Valuation allowance for DTA	0	0
Total Deferred Tax Assets, Net of Valuation Allowance	3,680	6,989
Deferred Tax Liabilities:
Unrealized gain on derivatives	(261)
Mortgage servicing rights	(52)	(89)
Depreciation	(86)
Other	(86)	(229)
Total Deferred Tax Liabilities	(485)	(318)
Deferred Tax Assets, Net	$ 3,195	$ 6,671

Income Taxes - Schedule of inco

Income Taxes - Schedule of income tax expense (benefit) (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016
Federal:
Current									$ 1,039	$ 404	$ 142
Deferred ($2.3 million impact of change in tax law)									3,765	2,092	(6,316)
Federal income tax expense (benefit), Total									4,804	2,496	(6,174)
State:
Current									(116)	426
Deferred									(412)
State and local income tax expense (benefit), Total									(528)	426
Total	$ 334	$ 69	$ 654	$ 3,219	$ 982	$ 863	$ 588	$ 489	$ 4,276	$ 2,922	$ (6,174)

Income Taxes - Schedule of in_2

Income Taxes - Schedule of income tax expense (benefit) (Parenthetical) (Detail) $ in Millions	12 Months Ended
	Sep. 30, 2018USD ($)
Income Tax Disclosure [Abstract]
Impact of change in tax law	$ 2.3

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of Federal Income Tax Expense (Detail) - USD ($) $ in Thousands	Dec. 22, 2017	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016
Income Tax Disclosure [Abstract]
Tax at statutory rate (in percentage)	21.00%									24.30%	34.00%	34.00%
Increase/(reduction) in taxes resulting from:
State tax, net of federal benefit (in percentage)										(5.00%)	3.20%
Tax-exempt interest (in percentage)										(1.30%)	(1.90%)	(4.10%)
Earnings on bank-owned life insurance (in percentage)										(0.010)	(0.020)	(0.029)
DTA valuation allowance (in percentage)												(133.60%)
Other (in percentage)										2.40%	0.10%	3.30%
Subtotal (in percentage)										0.194	0.334	(1.033)
Impact of change in tax law (in percentage)										17.50%
Total (in percentage)										36.90%	33.40%	(103.30%)
Tax at statutory rate										$ 2,809	$ 2,971	$ 2,032
Increase/(reduction) in taxes resulting from:
State tax, net of federal benefit										(574)	281
Tax-exempt interest										(147)	(161)	(265)
Bank-owned life insurance										(116)	(172)	(176)
DTA valuation allowance												(8,007)
Other										274	3	242
Subtotal										2,246	2,922	(6,174)
Impact of change in tax law										2,030
Total		$ 334	$ 69	$ 654	$ 3,219	$ 982	$ 863	$ 588	$ 489	$ 4,276	$ 2,922	$ (6,174)

Leases - Schedule of operating

Leases - Schedule of operating future minimum rent payments (Detail) $ in Thousands	Sep. 30, 2018USD ($)
Leases [Abstract]
2,019	$ 514
2,020	467
2,021	499
2,022	479
2,023	471
Thereafter	1,285
Total payments	$ 3,715

Leases - Schedule of operatin_2

Leases - Schedule of operating future minimum rent receivables (Detail) $ in Thousands	Sep. 30, 2018USD ($)
Leases [Abstract]
2,019	$ 132
2,020	75
2,021	77
2,022	55
2,023	0
Total Payments Receivable	$ 339

Commitments and Contingencies_2

Commitments and Contingencies (Narrative) (Detail) - USD ($) $ in Millions	Sep. 30, 2018	Sep. 30, 2017
Letter of Credit [Member]
Uncollateralized letters of credit	$ 7.1	$ 4.7

Commitments and Contingencies -

Commitments and Contingencies - Schedule of financial instruments outstanding (Detail) - USD ($) $ in Thousands	Sep. 30, 2018	Sep. 30, 2017
Supply Commitment [Line Items]
Commitments	$ 183,841	$ 205,112
Future loan commitments [Member]
Supply Commitment [Line Items]
Commitments	52,390	80,273
Undisbursed construction loans [Member]
Supply Commitment [Line Items]
Commitments	25,128	37,064
Undisbursed home equity lines of credit [Member]
Supply Commitment [Line Items]
Commitments	26,498	26,440
Undisbursed Commercial Lines Of Credit [Member]
Supply Commitment [Line Items]
Commitments	36,288	34,311
Undisbursed Commercial Unsecured Lines Of Credit [Member]
Supply Commitment [Line Items]
Commitments	35,103	21,035
Overdraft Protection Lines [Member]
Supply Commitment [Line Items]
Commitments	1,312	1,339
Standby Letters Of Credit [Member]
Supply Commitment [Line Items]
Commitments	$ 7,122	$ 4,650

Regulatory Matters (Narrative)

Regulatory Matters (Narrative) (Detail) - Malvern Federal Savings Bank [Member]	Sep. 30, 2018	Sep. 30, 2017	Jan. 02, 2016	Jan. 02, 2015
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Common equity Tier 1 capital ratio	4.50%	4.50%	7.00%	4.00%
Tier 1 capital ratio	6.00%	6.00%	8.50%	6.00%
Tier 1 Capital coservation buffer			2.50%
Total capital ratio	16.13%	15.78%	10.50%
Capital conservation buffer percentage of risk-weighted assets			0.625%

Regulatory Matters (Detail)

Regulatory Matters (Detail) - USD ($) $ in Thousands	Sep. 30, 2018	Sep. 30, 2017	Jan. 02, 2016	Jan. 02, 2015
Total Capital (to risk-weighted assets): Actual Amount	$ 140,833	$ 129,369
Parent Company [Member]
Capital (to adjusted tangible assets): Actual Amount	110,239	100,779
Common equity Tier 1(to risk-weighted assets): Actual Amount	110,239	100,779
Tier 1 Capital (to risk-weighted assets): Actual Amount	110,239	100,779
Total Capital (to risk-weighted assets): Actual Amount	$ 143,787	$ 133,549
Capital (to adjusted tangible assets): Actual Ratio	10.63%	10.00%
Common equity Tier 1(to risk-weighted assets): Actual Ratio	12.62%	12.28%
Tier 1 Capital (to risk-weighted assets): Actual Ratio	12.62%	12.28%
Total Capital (to risk-weighted assets): Actual Ratio	16.45%	16.27%
Capital (to adjusted tangible assets): For Capital Adequacy Purposes Amount	$ 41,491	$ 40,315
Common Equity Tier 1 Capital (to risk weighted assets)	39,322	36,945
Tier 1 Capital (to risk weighted assets)	52,430	49,260
Total Capital (to risk weighted assets)	$ 69,906	$ 65,679
Capital (to adjusted tangible assets): For Capital Adequacy Purposes Ratio	4.00%	4.00%
Common Equity Tier 1 Capital (to risk weighted assets)	4.50%	4.50%
Tier 1 Capital (to risk weighted assets)	6.00%	6.00%
Total Capital (to risk weighted assets)	8.00%	8.00%
Capital (to adjusted tangible assets): To be Well Capitalized under Prompt Corrective Action Provisions Capital Amount	$ 51,864	$ 50,394
Common Equity Tier 1 Capital (to risk weighted assets)	56,799	53,364
Tier 1 Capital (to risk weighted assets)	69,906	65,679
Total Capital (to risk weighted assets)	$ 87,383	$ 82,099
Capital (to adjusted tangible assets): To be Well Capitalized under Prompt Corrective Action Provisions Ratio	5.00%	5.00%
Common Equity Tier 1 Capital (to risk weighted assets)	6.50%	6.50%
Tier 1 Capital (to risk weighted assets)	8.00%	8.00%
Total Capital (to risk weighted assets)	10.00%	10.00%
Malvern Federal Savings Bank [Member]
Capital (to adjusted tangible assets): Actual Amount	$ 131,746	$ 120,902
Common equity Tier 1(to risk-weighted assets): Actual Amount	131,746	120,902
Tier 1 Capital (to risk-weighted assets): Actual Amount	131,746	120,902
Total Capital (to risk-weighted assets): Actual Amount	$ 140,833	$ 129,369
Capital (to adjusted tangible assets): Actual Ratio	12.71%	12.02%
Common equity Tier 1(to risk-weighted assets): Actual Ratio	15.09%	14.75%
Tier 1 Capital (to risk-weighted assets): Actual Ratio	15.09%	14.75%
Total Capital (to risk-weighted assets): Actual Ratio	16.13%	15.78%	10.50%
Capital (to adjusted tangible assets): For Capital Adequacy Purposes Amount	$ 41,450	$ 40,234
Common Equity Tier 1 Capital (to risk weighted assets)	39,293	36,894
Tier 1 Capital (to risk weighted assets)	52,390	49,192
Total Capital (to risk weighted assets)	$ 69,853	$ 65,590
Capital (to adjusted tangible assets): For Capital Adequacy Purposes Ratio	4.00%	4.00%
Common Equity Tier 1 Capital (to risk weighted assets)	4.50%	4.50%	7.00%	4.00%
Tier 1 Capital (to risk weighted assets)	6.00%	6.00%	8.50%	6.00%
Total Capital (to risk weighted assets)	8.00%	8.00%
Capital (to adjusted tangible assets): To be Well Capitalized under Prompt Corrective Action Provisions Capital Amount	$ 51,812	$ 50,292
Common Equity Tier 1 Capital (to risk weighted assets)	56,756	53,292
Tier 1 Capital (to risk weighted assets)	69,853	65,590
Total Capital (to risk weighted assets)	$ 87,317	$ 81,987
Capital (to adjusted tangible assets): To be Well Capitalized under Prompt Corrective Action Provisions Ratio	5.00%	5.00%
Common Equity Tier 1 Capital (to risk weighted assets)	6.50%	6.50%
Tier 1 Capital (to risk weighted assets)	8.00%	8.00%
Total Capital (to risk weighted assets)	10.00%	10.00%

Regulatory Matters (1) (Detail)

Regulatory Matters (1) (Detail) - USD ($) $ in Thousands	Sep. 30, 2018	Sep. 30, 2017
Banking and Thrift [Abstract]
Bank GAAP equity	$ 132,330	$ 122,643
Disallowed portion of deferred tax asset		(1,679)
Net unrealized loss (gain) on securities available for sale, net of income taxes	400	186
Net unrealized loss (gain) on derivatives, net of income taxes	(984)	(248)
Tangible Capital, Core Capital and Tier 1 Capital	131,746	120,902
Allowance for loan losses	9,087	8,467
Total Risk-Based Capital	$ 140,833	$ 129,369

Comprehensive Income (Loss) (De

Comprehensive Income (Loss) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016
Equity [Abstract]
Net unrealized holding gains (losses) on available-for-sale securities	$ (506)	$ (282)	$ 447
Tax effect	106	96	(152)
Net of tax amount	(400)	(186)	295
Fair value adjustment on derivatives	1,245	376	(542)
Tax effect	(261)	(128)	184
Net of tax amount	984	248	(358)
Total accumulated other comprehensive loss	$ 584	$ 62	$ (63)

Comprehensive Income (Loss) (1)

Comprehensive Income (Loss) (1) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016
Equity [Abstract]
Net unrealized holding (losses) gains on available-for-sale securities	$ (229)	$ (275)	$ 2,128
Net realized gain on securities available-for-sale		(463)	(565)
Amortization of unrealized holding losses on securities available- for-sale transferred to held-to-maturity	6	9	9
Fair value adjustment on derivatives	868	918	(194)
Other comprehensive income before taxes	645	189	1,378
Tax effect	(156)	(64)	(362)
Total other comprehensive income	$ 489	$ 125	$ 1,016

Equity Based Incentive Compen_3

Equity Based Incentive Compensation Plan (Narrative) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016
Share-based compensation	$ 142	$ 110
Malvern Bancorp, Inc. 2014 Long Term Incentive Compensation Plan (the 2014 Plan) [Member]
Maximum number of shares available for grants	400,000
Number of remaining shares available for future grants	361,598
Malvern Bancorp, Inc. 2014 Long Term Incentive Compensation Plan (the 2014 Plan) [Member] | Stock Option [Member]
Granted shares	6,996	7,000	5,000
Share-based compensation	$ 19	$ 10	$ 3
Compensation cost not yet recognized	$ 84
Weighted average period	3 years 9 months 25 days
Malvern Bancorp, Inc. 2014 Long Term Incentive Compensation Plan (the 2014 Plan) [Member] | Restricted Stock [Member]
Description of vesting right	Restricted stock and option awards granted during fiscal 2018 vest in 20% increments beginning on the one- year anniversary of the grant date
Granted shares	6,400	12,522	2,240
Share-based compensation	$ 123	$ 100	$ 5
Forfeited shares	700	241	310
Compensation cost not yet recognized	$ 278
Weighted average period	3 years 9 months 10 days

Equity Based Incentive Compen_4

Equity Based Incentive Compensation Plan 2 (Detail) - Malvern Bancorp, Inc. 2014 Long Term Incentive Compensation Plan (the 2014 Plan) [Member] - Stock Option [Member] - $ / shares	12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Weighted average fair value of awards	$ 7.86	$ 6.99
Risk-free rate	2.28%	2.17%
Dividend yield	0.00%	0.00%
Volatility	24.10%	28.23%
Expected life (in years)	6 years 6 months	6 years 6 months

Equity Based Incentive Compen_5

Equity Based Incentive Compensation Plan (Detail) - Malvern Bancorp, Inc. 2014 Long Term Incentive Compensation Plan (the 2014 Plan) [Member] - Stock Option [Member] - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding, beginning of year	11,000	5,000
Granted	6,996	7,000	5,000
Exercised	0	0	0
Forfeited/cancelled/expired	(2,000)	(1,000)
Outstanding, end of year	15,996	11,000	5,000
Exercisable at end of year	2,400
Nonvested at end of year	13,596
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward]
Outstanding, beginning of year	$ 19.19	$ 16.02
Granted	26.20	21	$ 16.02
Exercised	0	0	0
Forfeited/cancelled/expired	18.51	16.02
Outstanding, end of year	22.34	$ 19.19	$ 16.02
Exercisable at end of year	18.51
Nonvested at end of year	$ 23.02
Share-based Compensation Arrangement by Share-based Payment Award, Options, Weighted Average Remaining Contractual Life [Roll Forward]
Outstanding, end of year	8 years 7 months 18 days	9 years 1 month 16 days	9 years 5 months 29 days
Exercisable at end of year	7 years 11 months 28 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Aggregate Intrinsic Value [Roll Forward]
Outstanding, beginning of year	$ 83,170	$ 1,900
Forfeited/cancelled/expired	7,580	4,780
Outstanding, end of year	41,490	$ 83,170	$ 1,900
Exercisable at end of year	$ 13,056

Equity Based Incentive Compen_6

Equity Based Incentive Compensation Plan 1 (Detail) - Malvern Bancorp, Inc. 2014 Long Term Incentive Compensation Plan (the 2014 Plan) [Member] - Restricted Stock [Member] - $ / shares	12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Outstanding, beginning of year	10,711	1,930
Granted	6,400	12,522	2,240
Vested	(2,071)	(3,500)
Forfeited/cancelled/expired	(700)	(241)	(310)
Outstanding, end of year	14,340	10,711	1,930
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Outstanding, beginning of year	$ 20.36	$ 17.40
Granted	26.20	20.79	$ 17.40
Vested	20.22	20.46
Forfeited/cancelled/expired	21	17.40	17.40
Outstanding, end of year	$ 22.95	$ 20.36	$ 17.40

Subordinated Debt ( Narrative)

Subordinated Debt ( Narrative) (Detail) - USD ($) $ in Thousands	Feb. 07, 2017	Sep. 30, 2018	Sep. 30, 2017
Debt Instrument [Line Items]
Subordinated debt		$ 24,461	$ 24,303
Subordinated Notes Due February 15, 2027 [Member]
Debt Instrument [Line Items]
Aggregate principal amount	$ 25,000
Fixed interest rate	6.125%
Description of fixed-to-floating interest rate terms	The Notes bear interest at a fixed rate of 6.125% per year, from and including February 7, 2017 to, but excluding February 15, 2022. From and including February 15, 2022 to the maturity date or earlier redemption date, the interest rate will reset quarterly at a variable rate equal to the then current 3-month LIBOR plus 414.5 basis points.
Subordinated debt		24,500
Debt issuance costs		$ 737
Description for redemption of notes		The Company may not redeem the Notes prior to February 15, 2022, except that the Company may redeem the Notes at any time, at its option, in whole but not in part, subject to obtaining any required regulatory approvals, if (i) a change or prospective change in law occurs that could prevent the Company from deducting interest payable on the Notes for U.S. federal income tax purposes, (ii) a subsequent event occurs that precludes the Notes from being recognized as Tier 2 capital for regulatory capital purposes, or (iii) the Company is required to register as an investment company under the Investment Company Act of 1940, as amended, in each case, at a redemption price equal to 100% of the principal amount of the Notes plus any accrued and unpaid interest through, but excluding, the redemption date.

Condensed Financial Informati_3

Condensed Financial Information - Parent Company Only (Detail) - USD ($) $ in Thousands	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2015
Assets
Cash and Cash Equivalents	$ 30,834	$ 117,136	$ 96,762	$ 40,263
Investment in subsidiaries	(132,330)	(122,643)
Loans receivable, net	902,136	834,331
Other assets	4,475	3,244
Total Assets	1,033,951	1,046,012
Liabilities
Subordinated debt	24,461	24,303
Other short-term borrowings	2,500	5,000
Accrued interest payable	784	694
Total Liabilities	923,128	943,492
Shareholders' equity	110,823	102,520	96,157	82,749
Total Liabilities and Shareholders' Equity	1,033,951	1,046,012
Parent Company [Member]
Assets
Cash and Cash Equivalents	3,606	7,157	$ 3,192	$ 5,325
Investment in subsidiaries	132,330	122,643
Loans receivable, net	1,421	1,568
Other assets	657	689
Total Assets	138,014	132,057
Liabilities
Subordinated debt	24,461	24,303
Other short-term borrowings	2,500	5,000
Accrued interest payable	196	204
Accounts payable	34	30
Total Liabilities	27,191	29,537
Shareholders' equity	110,823	102,520
Total Liabilities and Shareholders' Equity	$ 138,014	$ 132,057

Condensed Financial Informati_4

Condensed Financial Information - Parent Company Only 1 (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016
Income
Interest income									$ 36,862	$ 30,841	$ 21,206
Total Interest Income	$ 10,617	$ 10,198	$ 9,704	$ 9,511	$ 9,529	$ 8,973	$ 8,175	$ 7,105	40,030	33,782	25,244
Expense
Long-term borrowings									2,200	2,176	2,195
Total Interest Expense	3,508	3,222	3,136	3,129	2,822	2,574	2,184	1,866	12,995	9,446	6,732
Other operating expenses									2,876	2,572	2,264
Total Other Expenses	4,437	4,790	4,105	4,471	3,813	3,986	3,778	3,570	17,803	15,147	13,922
Income tax expense	334	69	654	3,219	982	863	588	489	4,276	2,922	(6,174)
Net income	$ 2,642	$ 2,243	$ 2,018	$ 403	$ 1,955	$ 1,719	$ 1,170	$ 973	7,306	5,817	12,150
Parent Company [Member]
Income
Interest income									74	81	116
Total Interest Income									74	81	116
Expense
Long-term borrowings									1,594	1,021
Total Interest Expense									1,594	1,021
Other operating expenses									382	272	189
Total Other Expenses									382	272	189
Total Expense									1,976	1,293	189
Loss before Equity in Undistributed Net Income of Subsidiaries and Income Tax Expense									(1,902)	(1,212)	(73)
Equity in Undistributed Net Income of Subsidiaries									8,748	6,792	12,334
Income tax expense									(460)	(237)	111
Net income									$ 7,306	$ 5,817	$ 12,150

Condensed Financial Informati_5

Condensed Financial Information - Parent Company Only 2 (Detail) - USD ($) $ in Thousands		3 Months Ended								12 Months Ended
		Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016
Condensed Balance Sheet Statements, Captions [Line Items]
Net income		$ 2,642	$ 2,243	$ 2,018	$ 403	$ 1,955	$ 1,719	$ 1,170	$ 973	$ 7,306	$ 5,817	$ 12,150
Other Comprehensive Income, Net of Tax:
Unrealized holding gains (losses) on available-for- sale securities										(229)	(275)	2,128
Tax effect										48	94	(723)
Net of tax amount										(181)	(181)	1,405
Reclassification adjustment for net gains arising during the period											(463)	(565)
Tax effect										(1)	(3)	(3)
Net of tax amount										5	6	6
Accretion of unrealized holding losses on securities transferred from available-for-sale to held- to-maturity										6	9	9
Fair value adjustment on derivatives										868	918	(194)
Tax effect										(203)	(312)	172
Net of tax amount										665	606	(22)
Total other comprehensive income										489	125	1,016
Total comprehensive income										7,795	5,942	13,166
Parent Company [Member]
Condensed Balance Sheet Statements, Captions [Line Items]
Net income										7,306	5,817	12,150
Other Comprehensive Income, Net of Tax:
Unrealized holding gains (losses) on available-for- sale securities										(229)	(275)	2,128
Tax effect										48	94	(723)
Net of tax amount										(181)	(181)	1,405
Reclassification adjustment for net gains arising during the period	[1]										(463)	(565)
Tax effect											157	192
Net of tax amount											(306)	(373)
Accretion of unrealized holding losses on securities transferred from available-for-sale to held- to-maturity	[2]									6	9	9
Tax effect										(1)	(3)	(3)
Net of tax amount										5	6	6
Fair value adjustment on derivatives										868	918	(194)
Tax effect										(203)	(312)	172
Net of tax amount										665	606	(22)
Total other comprehensive income										489	125	1,016
Total comprehensive income										$ 7,795	$ 5,942	$ 13,166
[1]	Amounts are included in net gain on sales of securities on the Consolidated Statements of Operations in total other income.
[2]	Amounts are included in interest and dividends on investment securities on the Consolidated Statements of Operations.

Condensed Financial Informati_6

Condensed Financial Information 3 (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016
Cash Flows from Operating Activities
Net income	$ 2,642	$ 2,243	$ 2,018	$ 403	$ 1,955	$ 1,719	$ 1,170	$ 973	$ 7,306	$ 5,817	$ 12,150
ESOP expense									366	311	242
Stock based compensation									142	110
Amortization of subordinated debt issuance cost									158	39
Increase in other assets									(439)	(1,058)	(44)
(Decrease) increase in other liabilities									(1,631)	563	766
Net Cash Used in Operating Activities									9,058	9,832	9,334
Cash Flows from Investing Activities
Net Cash Provided by (Used in) Investing Activities									(76,379)	(206,966)	(104,212)
Cash Flows from Financing Activities
Proceeds from other borrowings									140,000	140,000	121,000
Repayment of borrowings									(140,000)	(140,000)	(106,000)
Net Cash Provided by Financing Activities									(18,981)	217,508	151,377
Net (Decrease) Increase in Cash and Cash Equivalents									(86,302)	20,374	56,499
Cash and Cash Equivalent - Beginning				117,136				96,762	117,136	96,762	40,263
Cash and Cash Equivalent - Ending	30,834				117,136				30,834	117,136	96,762
Parent Company [Member]
Cash Flows from Operating Activities
Net income									7,306	5,817	12,150
Undistributed net income of subsidiaries									(8,748)	(6,792)	(12,334)
ESOP expense									366	311	242
Stock based compensation									142	110
Amortization of subordinated debt issuance cost									158	39
Increase in other assets									(418)	(620)	(2,629)
(Decrease) increase in other liabilities									(4)	196	18
Net Cash Used in Operating Activities									(1,198)	(939)	(2,553)
Cash Flows from Investing Activities
Proceeds from maturities and principal collection on investments held to maturity											287
Loan originations and principal collections, net									147	140	133
Net Cash Provided by (Used in) Investing Activities									147	140	420
Cash Flows from Financing Activities
Net proceeds from issuance of subordinated debt										24,264
Capitalization from Bancorp to Malvern Federal Savings Bank										(24,500)
Proceeds from other borrowings										10,000
Repayment of borrowings									(2,500)	(5,000)
Net Cash Provided by Financing Activities									(2,500)	4,764
Net (Decrease) Increase in Cash and Cash Equivalents									(3,551)	3,965	(2,133)
Cash and Cash Equivalent - Beginning				$ 7,157				$ 3,192	7,157	3,192	5,325
Cash and Cash Equivalent - Ending	$ 3,606				$ 7,157				$ 3,606	$ 7,157	3,192
Supplementary Cash Flows Information
Non-cash transfer of investment securities from Parent Company to Bank											$ 5,475

Quarterly Financial Informati_3

Quarterly Financial Information of Malvern Bancorp Inc. (Unuadited) (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016
Quarterly Financial Information Disclosure [Abstract]
Total Interest and Dividend Income	$ 10,617	$ 10,198	$ 9,704	$ 9,511	$ 9,529	$ 8,973	$ 8,175	$ 7,105	$ 40,030	$ 33,782	$ 25,244
Total Interest Expense	3,508	3,222	3,136	3,129	2,822	2,574	2,184	1,866	12,995	9,446	6,732
Net Interest Income	7,109	6,976	6,568	6,382	6,707	6,399	5,991	5,239	27,035	24,336	18,512
Provision for loan losses	125	589	240		489	645	997	660	954	2,791	947
Total Other Income	429	715	449	1,711	532	814	542	453	3,304	2,341	2,333
Total Other Expenses	4,437	4,790	4,105	4,471	3,813	3,986	3,778	3,570	17,803	15,147	13,922
Income before income tax expense	2,976	2,312	2,672	3,622	2,937	2,582	1,758	1,462	11,582	8,739	5,976
Income tax expense	334	69	654	3,219	982	863	588	489	4,276	2,922	(6,174)
Net income	$ 2,642	$ 2,243	$ 2,018	$ 403	$ 1,955	$ 1,719	$ 1,170	$ 973	$ 7,306	$ 5,817	$ 12,150
Earnings Per Common Share:
Basic (in dollars per share)	$ 0.41	$ 0.35	$ 0.31	$ 0.06	$ 0.30	$ 0.27	$ 0.18	$ 0.15	$ 1.13	$ 0.90	$ 1.90
Diluted (in dollars per share)	$ 0.41	$ 0.35	$ 0.31	$ 0.06	$ 0.30	$ 0.27	$ 0.18	$ 0.15	$ 1.13	$ 0.90	$ 1.90
Weighted Average Common Shares Outstanding
Basic (in shares)	6,464,326	6,453,031	6,448,691	6,445,264	6,441,731	6,443,515	6,427,309	6,418,583	6,456,154	6,431,445	6,409,265
Diluted (in shares)	6,467,628	6,456,048	6,452,246	6,450,513	6,445,151	6,445,288	6,427,932	6,419,012	6,459,510	6,432,137	6,409,325

Subsequent Event (Narrative) (D

Subsequent Event (Narrative) (Detail) - Subsequent Event [Member] $ in Millions	Oct. 09, 2018USD ($)
Gross proceeds of common stock	$ 25
Net proceeds of common stock	$ 23.4