Malvern Bancorp (MLVF) 10-Q 9 Aug 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Jun. 30, 2019	Aug. 09, 2019
Document And Entity Information [Abstract]
Entity Registrant Name	MALVERN BANCORP, INC.
Entity Central Index Key	0001550603
Document Type	10-Q
Trading Symbol	MLVF
Document Period End Date	Jun. 30, 2019
Amendment Flag	false
Current Fiscal Year End Date	--09-30
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		7,765,395
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2019
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity File Number	000-54835
Entity Tax Identification Number	455307782
Entity Address, Address Line One	42 Lancaster Avenue
Entity Address, City or Town	Paoli
Entity Address, State or Province	Pennsylvania
Entity Address, Postal Zip Code	19301
City Area Code	610
Local Phone Number	644-9400

CONSOLIDATED STATEMENTS OF FINA

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2019	Sep. 30, 2018
ASSETS
Cash and due from depository institutions	$ 1,535	$ 1,563
Interest bearing deposits in depository institutions	148,501	29,271
Cash and Cash Equivalents	150,036	30,834
Investment securities available for sale, at fair value (amortized cost of $23,783 and $24,804, respectively)	23,552	24,298
Investment securities held to maturity (fair value of $23,309 and $28,968, respectively)	23,323	30,092
Restricted stock, at cost	10,404	8,537
Loans receivable, net of allowance for loan losses of $10,106 and $9,021, respectively	1,009,959	902,136
Other real estate owned	5,796
Accrued interest receivable	4,237	3,800
Property and equipment, net	6,795	7,181
Deferred income taxes	3,542	3,195
Bank-owned life insurance	19,766	19,403
Other assets	8,468	4,475
Total Assets	1,265,878	1,033,951
Deposits:
Deposits-noninterest-bearing	48,580	41,677
Deposits-interest-bearing	908,619	732,486
Total Deposits	957,199	774,163
FHLB advances	133,000	118,000
Other short-term borrowings		2,500
Subordinated debt	24,579	24,461
Advances from borrowers for taxes and insurance	3,345	1,305
Accrued interest payable	1,443	784
Other liabilities	6,644	1,915
Total Liabilities	1,126,210	923,128
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; 7,782,258 and 7,765,395 shares issued and outstanding, respectively, at June 30, 2019 and 6,580,879 shares issued and outstanding at September 30, 2018	78	66
Additional paid-in-capital	84,705	61,099
Retained earnings	57,045	50,412
Unearned Employee Stock Ownership Plan (ESOP) shares	(1,229)	(1,338)
Accumulated other comprehensive (loss) income	(595)	584
Treasury stock, at cost: 16,863 shares at June 30, 2019	336
Total Shareholders' Equity	139,668	110,823
Total Liabilities and Shareholders' Equity	$ 1,265,878	$ 1,033,951

CONSOLIDATED STATEMENTS OF FI_2

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2019	Sep. 30, 2018
Statement Of Financial Position [Abstract]
Investment securities available for sale, amortized cost	$ 23,783	$ 24,804
Investment securities held to maturity, fair value	23,309	28,968
Allowance for loan losses	$ 10,106	$ 9,021
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, authorized	10,000,000	10,000,000
Preferred stock, shares 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	7,782,258	6,580,879
Common stock, outstanding	7,765,395	6,580,879
Treasury stock, shares	16,863

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Interest and Dividend Income
Loans, including fees	$ 11,415	$ 9,380	$ 32,171	$ 26,821
Investment securities, taxable	259	300	760	832
Investment securities, tax-exempt	49	61	167	191
Dividends, restricted stock	159	130	450	333
Interest-bearing cash accounts	574	327	1,421	1,236
Total Interest and Dividend Income	12,456	10,198	34,969	29,413
Interest Expense
Deposits	3,926	2,304	10,265	6,641
Short-term borrowings		13	7	54
Long-term borrowings	686	539	1,891	1,648
Subordinated Debt	383	366	1,149	1,144
Total Interest Expense	4,995	3,222	13,312	9,487
Net Interest Income	7,461	6,976	21,657	19,926
Provision for Loan Losses	56	589	2,379	829
Net Interest Income after Provision for Loan losses	7,405	6,387	19,278	19,097
Other Income
Service charges and other fees	252	530	1,430	1,038
Rental income	53	63	184	196
Net gain on sale of investments	27		27
Net gains on sale of real estate				1,186
Net gains on sale of loans		3	37	96
Earnings on bank-owned life insurance	122	119	363	359
Total Other Income	454	715	2,041	2,875
Other Expenses
Salaries and employee benefits	2,223	2,024	6,444	6,015
Occupancy expense	560	577	1,676	1,725
Federal deposit insurance premium	78	76	220	227
Advertising	30	30	90	122
Data processing	259	274	764	819
Professional fees	405	1,088	1,359	2,326
Other real estate owned expense, net	30		79
Other operating expenses	912	721	2,402	2,132
Total Other Expenses	4,497	4,790	13,034	13,366
Income before income tax expense	3,362	2,312	8,285	8,606
Income tax expense	706	69	1,652	3,942
Net Income	$ 2,656	$ 2,243	$ 6,633	$ 4,664
Earnings Per Common Share:
Basic	$ 0.35	$ 0.35	$ 0.87	$ 0.72
Diluted	$ 0.35	$ 0.35	$ 0.87	$ 0.72
Weighted Average Common Shares Outstanding:
Basic	7,669,851	6,453,031	7,630,650	6,449,089
Diluted	7,670,106	6,456,048	7,630,944	6,452,068

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Statement Of Income And Comprehensive Income [Abstract]
Net Income		$ 2,656	$ 2,243	$ 6,633	$ 4,664
Other Comprehensive Income (Loss), Net of Tax:
Unrealized holding gains (losses) on available-for-sale securities		177	34	298	(185)
Tax effect		(37)	(7)	(62)	21
Net of tax amount		140	27	236	(164)
Reclassification adjustment for net gains arising during the period	[1]	(27)		(27)
Tax effect		6		6
Net of tax amount		(21)		(21)
Accretion of unrealized holding losses on securities transferred from available-for-sale to held-to-maturity		1	1	4	7
Tax effect				(1)	(2)
Net of tax amount		1	1	3	5
Fair value adjustments on derivatives		(664)	253	(1,767)	748
Tax effect		139	(49)	370	(158)
Net of tax amount		(525)	204	(1,397)	590
Total other comprehensive (loss), income		(405)	232	(1,179)	431
Total comprehensive income		$ 2,251	$ 2,475	$ 5,454	$ 5,095
[1]	Amounts are included in net gains on sales of investments, net on the Consolidated Statements of Operations in total other income.

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) - 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]	Treasury Stock [Member]
Balance at beginning at Sep. 30, 2017	$ 102,520	$ 66	$ 60,736	$ 43,139	$ (1,483)	$ 62
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income	4,664			4,664
Reclassification of certain tax effects from accumulated other comprehensive income				(33)		33
Other comprehensive income	431					431
Committed to be released ESOP shares (10,800 shares)	276		167		109
Stock based compensation	82		82
Balance at ending at Jun. 30, 2018	107,973	66	60,985	47,770	(1,374)	526
Balance at beginning at Sep. 30, 2018	110,823	66	61,099	50,412	(1,338)	584
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income	6,633			6,633
Other comprehensive income	(1,179)					(1,179)
Treasury stock activity	(336)						$ (336)
Stock issuance (net of issuance of proceeds of $25,000)	23,344	12	23,332
Committed to be released ESOP shares (10,800 shares)	211		102		109
Stock based compensation	172		172
Balance at ending at Jun. 30, 2019	$ 139,668	$ 78	$ 84,705	$ 57,045	$ (1,229)	$ (595)	$ (336)

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) (Parenthetical) $ in Thousands	9 Months Ended
	Jun. 30, 2019USD ($)shares
Statement Of Stockholders Equity [Abstract]
Committed to be released ESOP shares | shares	10,800
Proceeds from net of issuance cost | $	$ 25,000

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Cash Flows from Operating Activities
Net Income	$ 6,633	$ 4,664
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation expense	573	569
Provision for Loan Losses	2,379	829
Deferred income tax (benefit) expense	(471)	2,643
ESOP expense	211	276
Stock based compensation	172	82
Amortization of premiums and discounts on investments securities, net	210	275
Accretion of loan origination fees and costs	(564)	(132)
Amortization of mortgage servicing rights	32	35
Net gain on sale of investments securities available-for-sale	(27)
Net gain on sale of real estate		(1,186)
Net gain on sale of secondary market loans	(37)	(96)
Proceeds from sale of secondary market loans	2,867	8,615
Originations of secondary market loans	(2,829)	(8,519)
Earnings on bank-owned life insurance	(363)	(359)
Increase in accrued interest receivable	(437)	(432)
Increase in accrued interest payable	659	401
Increase (decrease) in other liabilities	4,729	(40)
Increase in other assets	(4,991)	(769)
Amortization of subordinate debt	118	118
Net Cash Provided by Operating Activities	8,864	6,974
Investment securities available-for-sale:
Purchases	(12,000)	(30,140)
Sales	2,055
Maturities, calls and principal repayments	10,952	10,123
Investment securities held-to-maturity:
Maturities, calls and principal repayments	6,601	3,715
Net increase in loans	(115,800)	(59,720)
Net increase in restricted stock	(1,867)	(3,222)
Proceeds from sale of real estate		1,315
Purchase of property and equipment	(187)	(431)
Net Cash Used in Investing Activities	(110,246)	(78,360)
Cash Flows from Financing Activities
Net increase (decrease) in deposits	183,036	(2,464)
Net increase in short-term borrowings		5,000
Proceeds for long-term borrowings	70,000	105,000
Repayment of long-term borrowings	(55,000)	(105,000)
Repayment of other borrowed money	(2,500)	(2,500)
Increase in advances from borrowers for taxes and insurance	2,040	1,595
Net proceeds from issuance of common stock	23,344
Acquisition of treasury stock	(336)
Net Cash Provided by Financing Activities	220,584	1,631
Net Increase (Decrease) in Cash and Cash Equivalents	119,202	(69,755)
Cash and Cash Equivalents - Beginning	30,834	117,136
Cash and Cash Equivalents - Ending	150,036	47,381
Supplemental Cash Flows Information
Interest paid	12,653	9,086
Income taxes paid	1,255	$ 1,871
Non-cash transfer to other real estate owned	5,796
Non-cash transfer of loans to loans held for sale	$ 367

The Company

The Company	9 Months Ended
	Jun. 30, 2019
Organization Consolidation And Presentation Of Financial Statements [Abstract]
The Company	Note 1 – The Company 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. On October 9, 2018, the Company closed an underwritten public offering of shares of its common stock for gross proceeds of $25.0 million and net proceeds of approximately $23.3 million (after deducting the underwriting discount and other offering expenses). 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. In preparing the unaudited consolidated financial statements, management has made estimates and assumptions that affect the reported amounts of assets and liabilities as of the dates of the unaudited consolidated statements of condition and that affect the results of operations for the periods presented. Actual results could differ significantly from those estimates. Material estimates that are particularly susceptible to change in the near term relate to the determination of the allowance for loan losses, other real estate owned, the evaluation of deferred tax assets, the other-than-temporary impairment evaluation of securities, and the valuation of derivative positions. The unaudited consolidated financial statements have been prepared in conformity with U.S. generally accepted accounting principles (“U.S. GAAP”).

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2 – Summary of Significant Accounting Policies Basis of financial statement presentation. The unaudited condensed consolidated financial statements of the Company include the accounts of the Company and its subsidiaries . All significant intercompany accounts and transactions have been eliminated in consolidation. The accompanying unaudited condensed consolidated financial statements present the Company’s financial position at June 30, 2019 and September 30, 2018 and the results of operations for the three and nine months ended June 30, 2019 and 2018, and cash flows for the nine months ended June 30, 2019 and 2018. In management’s opinion, the unaudited condensed consolidated financial statements contain all adjustments, which include normal and recurring adjustments, necessary for a fair presentation of the financial position and results of operations as of the dates and for the interim periods presented. These unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and note disclosures included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on December 14, 2018 (the “2018 Annual Report”). The consolidated statements of operations for the three and nine months ended June 30, 2019 and the consolidated statements of cash flows for the nine months ended June 30, 2019 are not necessarily indicative of the results of operations or cash flows for the full year ending September 30, 2019 or any other period. Loans Held-For-Sale. Loans originated and intended for sale in the secondary market are carried at the lower of cost or estimated fair value on the consolidated statement of financial condition. Gains and losses on loan sales (sales proceeds minus carrying value) are recorded in noninterest income, and direct loan origination costs and fees are deferred at origination of the loan and are recognized in other income upon sale of the loan. Servicing is retained at the Bank for loans sold in the secondary market and are placed as a mortgage servicing asset on the consolidated statement of financial condition. As of June 30, 2019, there was one commercial real estate loan with a balance of $367,000 classified as held for sale. There were no loans classified as held for sale as of September 30, 2018. Treasury stock. The Company records common stock purchased for treasury at cost. At the date of subsequent reissue, the treasury stock account is reduced by the cost of such stock on the first-in, first-out basis. There have been no other significant changes to the Critical Accounting Policies as described in the 2018 Annual Report. Recently Issued Collaborative Arrangements. In November 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2018-18, Collaborative Arrangements (Topic 808) . This ASU clarifies the interaction between Topic 808, Collaborative Arrangements , and Topic 606, Revenue from Contracts with Customers . This ASU is effective for fiscal years beginning after December 15, 2019 and is not expected to have a material impact on the consolidated earnings, financial position or cash flows of the Company. Fair Value. In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement which modifies the disclosures on fair value measurements by removing the requirement to disclose the amount and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy, the policy for timing of such transfers and the valuation process for Level 3 fair value measurements. This ASU also expands the disclosure requirements for Level 3 fair value measurements and is effective for fiscal years beginning after December 15, 2019, with early adoption permitted. The adoption of this ASU is not expected to have a material impact on the consolidated earnings, financial position or cash flows of the Company. Credit Losses. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments . This ASU requires an organization to measure all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. Many of the loss estimation techniques applied currently will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses. Organizations will continue to use judgment to determine which loss estimation method is appropriate for their circumstances. Additionally, this ASU amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. In April 2019, the FASB issued ASU 2019-04, Codification Improvements , which provides guidance on accounting for credit losses on accrued interest receivable balances and guidance on including recoveries when estimating the allowance. In May 2019, the FASB issued ASU 2019-05, Targeted Transition Relief, which allows entities with an option to elect fair value for certain instruments upon adoption of Topic 326. This ASU will be effective for interim and annual periods beginning after December 15, 2019, with early adoption permitted . The Bank has a software system in place to assist with the calculation of Current Expected Credit Losses (“CECL”). The Company formed a cross functional implementation team to review the requirements of ASU 2016-13 and contracted with a third-party provider to assist in the development and implementation of the revised credit loss methodology. The impact on the consolidated earnings, financial position and cash flows of the Company, upon adoption of this ASU are currently unknown. In July 2019, the FASB tentatively decided to delay the required implementation date of ASU 2016-13 for smaller reporting companies. If the decision to delay required implementation is finalized, the Company would be required to implement the ASU on October 1, 2023. Leases . In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) to increase transparency and comparability among organizations recognizing lease assets and lease liabilities on the balance sheet. This ASU will require lessees to recognize a right-of-use (ROU) asset for its right to use the underlying asset and a lease liability for the corresponding lease obligation for leases with terms of more than twelve months. Accounting by lessors will remain largely unchanged from current U.S. GAAP. This ASU also requires expanded quantitative and qualitative disclosures for both lessees and lessors. In July 2018, the FASB issued ASU 2018-11, Leases (Topic 842): Targeted Improvements, which provides entities with an additional (and optional) transition method in which the entity applies the new leases standard at the adoption date and recognizes a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. The Company plans to apply this optional transition method. The Company has established an implementation team that continues to make progress toward completing the evaluation of the impact of the new standard. Based on a preliminary assessment, the Company expects to recognize ROU assets and related lease liabilities of approximately $3.2 million. In December 2018, the FASB issued ASU 2018-20, Leases (Topic 842): Narrow Scope Improvements for Lessors, which clarifies the treatment of sales taxes and other taxes collected from lessees, lessor costs paid directly by lessees, and recognition of variable payments for contracts with lease and non-lease components. The Company anticipates finalizing its accounting policy and process modifications during the fourth quarter of fiscal 2019 and plans to adopt these ASUs effective October 1, 2019

Non-Interest Income

Non-Interest Income	9 Months Ended
	Jun. 30, 2019
Noninterest Income [Abstract]
Non-Interest Income	Note 3 – Non-Interest Income On October 1, 2018, the Company adopted the amendments of ASU 2014-09 - Revenue from Contracts with Customers (Topic 606) and all subsequent ASUs that modified Topic 606. A significant amount of the Company’s revenues is derived from net interest income on financial assets and liabilities, which are excluded from the scope of the amended guidance. Some sources of revenue included within non-interest income fall within the scope of Topic 606, while other sources do not. The Company recognizes revenue when the performance obligations related to the transfer of goods or services under the terms of the contract are satisfied. Some obligations are satisfied at a point in time while others are satisfied over a period of time. Revenue is recognized as the amount of consideration to which the Company expects to be entitled in exchange for transferring goods or services to a customer. When consideration includes a variable component, the amount of consideration attributable to variability is included in the transaction price only to the extent it is probable that significant revenue recognized will not be reversed when uncertainty associated with the variable consideration is subsequently resolved. The Company’s contracts generally do not contain terms that require significant judgement to determine the variability impacting the transaction price. The Company has included the following table regarding the Company’s non-interest income for the periods presented. Three Months Ended June 30, Nine Months Ended June 30, 2019 2018 2019 2018 (Dollars in thousands) Rental income $ 53 $ 63 $ 184 $ 196 Net gains on sales of investments 27 - 27 - Net gains on sale of real estate - - - 1,186 Net gains on sale of loans - 3 37 96 Earnings on bank-owned life insurance 122 119 363 359 Non-interest income within the scope of other GAAP topics 202 185 611 1,837 ATM fees 2 3 4 9 Credit card fee income 6 6 17 17 DDA fee income 33 32 102 100 DDA service fees 19 17 55 53 Debit card fees 69 64 186 175 Other loan fee income 61 357 890 494 Other fee income 52 49 163 184 Other non-interest income 10 2 13 6 Non-interest income from contracts with customers $ 252 $ 530 $ 1,430 $ 1,038 Total Non-interest Income $ 454 $ 715 $ 2,041 $ 2,875 The majority of our revenue-generating transactions are not subject to Accounting Standards Codification (“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 statements of operations as components of other income, include certain fees such as credit card fee income, DDA service and fee income, and debit card fees.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Earnings Per Share	Note 4 – Earnings Per Share Basic earnings per common share is computed based on the weighted average number of shares outstanding reduced by unearned Employee Stock Ownership Plan (“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. During the three and nine months ended June 30, 2019, the Company granted 3,391 and 12,674 restricted shares , respectively, which are considered CSEs. There were no stock options granted during the three months ended June 30, 2019. g t stock options covering a total of 7,000 shares of common stock were granted. The following table sets forth the composition of the weighted average shares (denominator) used in the earnings per share computations. Three Months Ended June 30, Nine Months Ended June 30, 2019 2018 2019 2018 (Dollars in thousands, except share data) Net Income $ 2,656 $ 2,243 $ 6,633 $ 4,664 Weighted average shares outstanding 7,775,598 6,573,178 7,740,010 6,572,849 Average unearned ESOP shares (105,747 ) (120,147 ) (109,360 ) (123,760 ) Basic weighted average share outstanding 7,669,851 6,453,031 7,630,650 6,449,089 Plus: effect of potential dilutive common stock equivalents - stock options 255 3,017 294 2,979 Diluted weighted average common shares outstanding 7,670,106 6,456,048 7,630,944 6,452,068 Earnings per common share: Basic $ 0.35 $ 0.35 $ 0.87 $ 0.72 Diluted $ 0.35 $ 0.35 $ 0.87 $ 0.72

Employee Stock Ownership Plan

Employee Stock Ownership Plan	9 Months Ended
	Jun. 30, 2019
Employee Stock Ownership Plan E S O P Shares In E S O P [Abstract]
Employee Stock Ownership Plan	Note 5 – Employee Stock Ownership Plan The Company established an ESOP for substantially all of its full-time employees. 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 a 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 capital. During the period from May 20, 2008 to September 30, 2008, the ESOP purchased 241,178 shares of Company common stock for approximately $2.6 million, at an average price of $10.86 per share, which was funded by a loan from Malvern Federal Bancorp, Inc. (the Company’s predecessor). The ESOP loan is being repaid principally from the Bank’s contributions to the ESOP. The loan, which bears an interest rate of 5%, is being repaid in quarterly installments through 2026. Shares are released to participants proportionately as the loan is repaid. During the three and nine months ended June 30, 2019 and 2018, there were 10,800 and 3,600 shares, respectively, committed to be released. At June 30, 2019, there were 103,965 unallocated shares and 155,253 allocated shares held by the ESOP. The unallocated shares had an aggregate fair value of approximately $2.3 million at June 30, 2019.

Investment Securities

Investment Securities	9 Months Ended
	Jun. 30, 2019
Investments Debt And Equity Securities [Abstract]
Investment Securities	Note 6 - Investment Securities The Company’s investment securities are classified as available-for-sale or held-to-maturity at June 30, 2019 and at September 30, 2018. Investment securities available-for-sale are reported at fair value with unrealized gains or losses included in equity, net of tax. Accordingly, the carrying value of such securities reflects their fair value at the balance sheet date. Fair value is based upon either quoted market prices, or in certain cases where there is limited activity in the market for a particular instrument, assumptions are made to determine their fair value. Held-to-maturity securities which are carried at amortized cost, are investments where there is positive intent and ability to hold to maturity. Transfers of debt securities from the available-for-sale category to the held-to-maturity category are made at fair value at the date of transfer. The unrealized holding gain or loss at the date of transfer remains in accumulated other comprehensive income and in the carrying value of the held-to-maturity investment security. Premiums or discounts on investment securities are amortized or accreted using the effective interest method over the life of the security as an adjustment of yield. Unrealized holding gains or losses that remain in accumulated other comprehensive income are amortized or accreted over the remaining life of the security as an adjustment of yield, offsetting the related amortization of the premium or accretion of the discount. The following tables present information related to the Company’s investment securities at June 30, 2019 and September 30, 2018. June 30, 2019 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In thousands) Investment Securities Available-for-Sale: U.S. government agencies $ 7,000 $ 1 $ - $ 7,001 State and municipal obligations 5,971 20 - 5,991 Single issuer trust preferred security 1,000 - (99 ) 901 Corporate debt securities 9,562 87 (240 ) 9,409 Mutual fund 250 - - 250 Total 23,783 108 (339 ) 23,552 Investment Securities Held-to-Maturity: U.S. government agencies $ 1,000 $ - $ (2 ) $ 998 State and municipal obligations 4,543 65 - 4,608 Corporate debt securities 3,635 134 - 3,769 Mortgage-backed securities: Collateralized mortgage obligations ("CMO"), fixed-rate 14,145 7 (218 ) 13,934 23,323 206 (220 ) 23,309 Total investment securities $ 47,106 $ 314 $ (559 ) $ 46,861 September 30, 2018 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (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: CMO, fixed-rate 16,197 - (989 ) 15,208 $ 30,092 $ - $ (1,124 ) $ 28,968 Total investment securities $ 54,896 $ - $ (1,630 ) $ 53,266 For the three and nine months ended June 30, 2019, proceeds of available-for-sale investment securities sold amounted to approximately $2.1 million. There was a gain of approximately $27,000 with this 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 June 30, 2019 and September 30, 2018 : June 30, 2019 Less than 12 Months More than 12 Months Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses (In thousands) Investment Securities Available for Sale: Single issuer trust preferred security $ - $ - $ 901 $ (99 ) $ 901 $ (99 ) Corporate debt securities - - 3,260 (240 ) 3,260 (240 ) Total $ - $ - $ 4,161 $ (339 ) $ 4,161 $ (339 ) Investment Securities Held-to-Maturity: U.S. government agencies $ - $ - $ 998 $ (2 ) $ 998 $ (2 ) Mortgage-backed securities: CMO, fixed-rate - - 12,591 (218 ) 12,591 (218 ) Total $ - $ - $ 13,589 $ (220 ) $ 13,589 $ (220 ) Total investment securities $ - $ - $ 17,750 $ (559 ) $ 17,750 $ (559 ) September 30, 2018 Less than 12 Months More than 12 Months Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses (In thousands) Investment Securities Available for Sale: U.S. treasury and 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 debt 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 ) As of June 30, 2019, 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 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 June 30, 2019, the Company held one U.S. government agency security, two corporate securities, 31 mortgage-backed 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 unlikely that it will 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 June 30, 2019 represents other-than-temporary impairment. Investment securities having a carrying value of approximately $6.8 million and $17.9 million at June 30, 2019 and September 30, 2018, respectively, were pledged to secure deposits. Pledged investment securities having a carrying value of $4.0 million at June 30, 2019 were held against hedge. There were no pledged investment securities held against hedge at September 30, 2018. In addition, no investment securities were pledged to secure short-term borrowings at June 30, 2019. Investment securities having a carrying value of $3.1 million at September 30, 2018 were pledged to secure short-term borrowings The following table presents information for investment securities at June 30, 2019, based on scheduled maturities. Actual maturities can be expected to differ from scheduled maturities due to prepayment or early call options of the issuer. Amortized Cost Fair Value (In thousands) Available-for-Sale: Within 1 year $ 501 $ 501 Over 1 year through five years 15,309 15,327 After 5 years through ten years 7,973 7,724 Total $ 23,783 $ 23,552 Held-to-Maturity: Within 1 year 1,000 998 After 5 years through ten years 5,472 5,669 Over 10 years 2,706 2,708 Mortgage-backed securities: CMO, fixed-rate 14,145 13,934 Total $ 23,323 $ 23,309 Total investment securities $ 47,106 $ 46,861

Loans Receivable and Related Al

Loans Receivable and Related Allowance for Loan Losses	9 Months Ended
	Jun. 30, 2019
Receivables [Abstract]
Loans Receivable and Related Allowance for Loan Losses	Note 7 - Loans Receivable and Related Allowance for Loan Losses Loans receivable in the Company’s portfolio (which does not include loans held for sale, except as noted below) consisted of the following at the dates indicated below: June 30, 2019 September 30, 2018 (In thousands) Residential mortgage $ 216,114 $ 197,219 Construction and Development: Residential and commercial 47,485 37,433 Land 3,809 9,221 Total Construction and Development 51,294 46,654 Commercial: Commercial real estate 543,045 493,929 Farmland 5,388 12,066 Multi-family real estate 64,050 45,102 Commercial and industrial 97,877 73,895 Other 5,356 6,164 Total Commercial 715,716 631,156 Consumer: Home equity lines of credit 19,348 14,884 Second mortgages 15,018 18,363 Other 2,081 2,315 Total Consumer 36,447 35,562 Total loans 1,019,571 910,591 Deferred loan fees and costs, net 494 566 Allowance for loan losses (10,106 ) (9,021 ) Total loans receivable, net $ 1,009,959 $ 902,136 Subsequent to quarter-end in July 2019, the Company completed the sale of one commercial real estate loan classified as held for sale. The loan had an aggregate book balance of $367,000 and was sold at a gain of approximately $17,000. As a result, our consolidated statement of financial condition at June 30, 2019 includes $367,000 of one commercial real estate loan as held for sale. Such loans are not considered to be included in our loan portfolio at June 30, 2019. Net proceeds from the sale amounted to $384,000 after deducting amounts due for outstanding liens, related expenses and applicable transfer fees. This transaction resulted in a decrease of approximately $17,000 through the provision for loan loss during the third quarter of fiscal 2019. The following tables summarize the primary classes of the allowance for loan losses (“ALLL”), segregated into the amount required for loans individually evaluated for impairment and the amount required for loans collectively evaluated for impairment as of June 30, 2019 and September 30, 2018. Activity in the allowance is presented for the three and nine months ended June 30, 2019 and 2018 and the year ended September 30, 2018. Construction and Development Commercial Consumer Residential Mortgage Residential and Commercial Land Commercial Real Estate Farmland Multi- Family Real Estate Commercial and Industrial Other Home Equity Lines of Credit Second Mortgages Other Unallocated Total Allowance for loan losses: (In thousands) Three Months Ended June 30, 2019 Beginning Balance $ 1,130 $ 601 $ 33 $ 5,767 $ 62 $ 419 $ 452 $ 33 $ 101 $ 359 $ 24 $ 1,035 $ 10,016 Charge-offs - - - - - - - - - - - - - Recoveries - - - 18 - - 1 - - 8 7 - 34 Provisions 66 17 (9 ) (238 ) (34 ) (7 ) 90 (11 ) 5 (22 ) (7 ) 206 56 Ending balance $ 1,196 $ 618 $ 24 $ 5,547 $ 28 $ 412 $ 543 $ 22 $ 106 $ 345 $ 24 $ 1,241 $ 10,106 Construction and Development Commercial Consumer Residential Mortgage Residential and Commercial Land Commercial Real Estate Farmland Multi- Family Real Estate Commercial and Industrial Other Home Equity Lines of Credit Second Mortgages Other Unallocated Total Allowance for loan losses: (In thousands) Three Months Ended June 30, 2018 Beginning Balance $ 987 $ 397 $ 158 $ 4,046 $ 82 $ 195 $ 467 $ 23 $ 87 $ 407 $ 27 $ 1,589 $ 8,465 Charge-offs - - - - - - (45 ) - - (5 ) - - (50 ) Recoveries - - - - - - 1 - - 18 1 - 20 Provisions 48 25 (40 ) 122 (13 ) 89 30 2 (8 ) 53 (2 ) 283 589 Ending balance $ 1,035 $ 422 $ 118 $ 4,168 $ 69 $ 284 $ 453 $ 25 $ 79 $ 473 $ 26 $ 1,872 $ 9,024 Construction and Development Commercial Consumer Residential Mortgage Residential and Commercial Land Commercial Real Estate Farmland Multi- Family Real Estate Commercial and Industrial Other Home Equity Lines of Credit Second Mortgages Other Unallocated Total Allowance for loan losses: (In thousands) Nine Months Ended June 30, 2019 Beginning Balance $ 1,062 $ 393 $ 49 $ 5,031 $ 66 $ 232 $ 443 $ 24 $ 82 $ 326 $ 51 $ 1,262 $ 9,021 Charge-offs (17 ) - - (1,376 ) - - - - - (1 ) (37 ) - (1,431 ) Recoveries 79 - - 22 - - 4 - 1 22 9 - 137 Provisions 72 225 (25 ) 1,870 (38 ) 180 96 (2 ) 23 (2 ) 1 (21 ) 2,379 Ending balance $ 1,196 $ 618 $ 24 $ 5,547 $ 28 $ 412 $ 543 $ 22 $ 106 $ 345 $ 24 $ 1,241 $ 10,106 Ending balance: individually evaluated for impairment $ 3 $ - $ - $ 76 $ - $ - $ - $ - $ - $ 169 $ 1 $ - $ 249 Ending balance: collectively evaluted for impairment $ 1,193 $ 618 $ 24 $ 5,471 $ 28 $ 412 $ 543 $ 22 $ 106 $ 176 $ 23 $ 1,241 $ 9,857 Loans receivable: Ending balance $ 216,114 $ 47,485 $ 3,809 $ 543,045 $ 5,388 $ 64,050 $ 97,877 $ 5,356 $ 19,348 $ 15,018 $ 2,081 $ 1,019,571 Ending balance: individually evaluated for impairment $ 3,571 $ - $ - $ 9,748 $ - $ - $ - $ - $ 31 $ 663 $ 1 $ 14,014 Ending balance: collectively evaluated for impairment $ 212,543 $ 47,485 $ 3,809 $ 533,297 $ 5,388 $ 64,050 $ 97,877 $ 5,356 $ 19,317 $ 14,355 $ 2,080 $ 1,005,557 Construction and Development Commercial Consumer Residential Mortgage Residential and Commercial Land Commercial Real Estate Farmland Multi- Family Real Estate Commercial and Industrial Other Home Equity Lines of Credit Second Mortgages Other Unallocated Total Allowance for loan losses: (In thousands) Nine Months Ended June 30, 2018 Beginning Balance $ 1,004 $ 523 $ 132 $ 3,581 $ 9 $ 224 $ 520 $ 21 $ 90 $ 402 $ 27 $ 1,872 $ 8,405 Charge-offs (6 ) - - (221 ) - - (45 ) - - (59 ) (2 ) - (333 ) Recoveries 58 - - 10 - - 3 - 1 46 5 - 123 Provisions (21 ) (101 ) (14 ) 798 60 60 (25 ) 4 (12 ) 84 (4 ) - 829 Ending balance $ 1,035 $ 422 $ 118 $ 4,168 $ 69 $ 284 $ 453 $ 25 $ 79 $ 473 $ 26 $ 1,872 $ 9,024 Ending balance: individually evaluated for impairment $ - $ - $ - $ 570 $ - $ - $ - $ - $ - $ 233 $ 1 $ - $ 804 Ending balance: collectively evaluted for impairment $ 1,035 $ 422 $ 118 $ 3,598 $ 69 $ 284 $ 453 $ 25 $ 79 $ 240 $ 25 $ 1,872 $ 8,220 Loans receivable: Ending balance $ 192,901 $ 39,845 $ 15,565 $ 477,584 $ 12,058 $ 45,204 $ 76,958 $ 5,898 $ 14,446 $ 19,063 $ 2,311 $ 901,833 Ending balance: individually evaluated for impairment $ 2,438 $ - $ 79 $ 17,504 $ - $ - $ - $ - $ 34 $ 661 $ 1 $ 20,717 Ending balance: collectively evaluated for impairment $ 190,463 $ 39,845 $ 15,486 $ 460,080 $ 12,058 $ 45,204 $ 76,958 $ 5,898 $ 14,412 $ 18,402 $ 2,310 $ 881,116 Construction and Development Commercial Consumer Residential Mortgage Residential and Commercial Land Commercial Real Estate Farmland Multi- Family Real Estate Commercial and Industrial Other Home Equity Lines of Credit Second Mortgages Other Unallocated Total Allowance for loan losses: (In thousands) Year Ended September 30, 2018 Beginning Balance $ 1,004 $ 523 $ 132 $ 3,581 $ 9 $ 224 $ 520 $ 21 $ 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 (36 ) 3 (9 ) (40 ) 19 (610 ) 954 Ending balance $ 1,062 $ 393 $ 49 $ 5,031 $ 66 $ 232 $ 443 $ 24 $ 82 $ 326 $ 51 $ 1,262 $ 9,021 Ending balance: individually evaluated for impairment $ - $ - $ - $ 1,448 $ - $ - $ - $ - $ - $ 103 $ 26 $ - $ 1,577 Ending balance: collectively evaluted for impairment $ 1,062 $ 393 $ 49 $ 3,583 $ 66 $ 232 $ 443 $ 24 $ 82 $ 223 $ 25 $ 1,262 $ 7,444 Loans receivable: Ending balance $ 197,219 $ 37,433 $ 9,221 $ 493,929 $ 12,066 $ 45,102 $ 73,895 $ 6,164 $ 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 $ 73,895 $ 6,164 $ 14,850 $ 17,728 $ 2,289 $ 889,263 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. The combination of these factors has given rise to an increase in the unallocated level within the allowance. Any unallocated portion of the allowance in conjunction with the quarterly review and changes to the qualitative factors to adjust for the risk due to current economic conditions reflects management’s estimate of probable inherent but undetected losses within the portfolio due to uncertainties in economic conditions, regulatory requirements, 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 June 30, 2019 and September 30, 2018. Impaired Loans with Specific Allowance Impaired Loans with No Specific Allowance Total Impaired Loans Recorded Investment Related Allowance Recorded Investment Recorded Investment Unpaid Principal Balance (In thousands) June 30, 2019 Residential mortgage $ 198 $ 3 $ 3,373 $ 3,571 $ 3,723 Commercial: Commercial real estate 9,213 76 535 9,748 9,748 Consumer: Home equity lines of credit - - 31 31 33 Second mortgages 186 169 477 663 729 Other 1 1 - 1 1 Total impaired loans $ 9,598 $ 249 $ 4,416 $ 14,014 $ 14,234 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 The following table presents the average recorded investment in impaired loans in portfolio and related interest income recognized for the three and nine months ended June 30, 2019 and 2018. Three Months Ended June 30, 2019 Nine Months Ended June 30, 2019 Average Impaired Loans Interest Income Recognized on Impaired Loans Average Impaired Loans Interest Income Recognized on Impaired Loans (In thousands) Residential mortgage $ 3,577 $ 21 $ 5,372 $ 69 Construction and Development: Land 44 - 93 2 Commercial: Commercial real estate 10,007 76 17,650 227 Consumer: Home equity lines of credit 32 - 55 - Second mortgages 667 2 977 7 Other 1 - 14 - Total $ 14,328 $ 99 $ 24,161 $ 305 Three Months Ended June 30, 2018 Nine Months Ended June 30, 2018 Average Impaired Loans Interest Income Recognized on Impaired Loans Average Impaired Loans Interest Income Recognized on Impaired Loans (In thousands) Residential mortgage $ 2,408 $ 17 $ 2,417 $ 38 Construction and Development: Land 80 2 86 4 Commercial: Commercial real estate 17,322 113 8,512 132 Commercial and industrial 124 - 184 - Consumer: Home equity lines of credit 33 - 18 - Second mortgages 658 2 605 6 Other 1 - 1 - Total $ 20,626 $ 134 $ 11,823 $ 180 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 systemas of June 30, 2019 and September 30, 2018. Pass Special Mention Substandard Doubtful Total (In thousands) June 30, 2019: Residential mortgage $ 212,409 $ - $ 3,705 $ - $ 216,114 Construction and Development: Residential and commercial 47,485 - - - 47,485 Land 3,809 - - - 3,809 Commercial: Commercial real estate 517,828 14,643 10,574 - 543,045 Farmland 5,388 - - - 5,388 Multi-family real estate 63,645 405 - - 64,050 Commercial and industrial 97,738 - 139 - 97,877 Other 5,356 - - - 5,356 Consumer: Home equity lines of credit 19,223 - 125 - 19,348 Second mortgages 14,065 87 866 - 15,018 Other 2,080 - 1 - 2,081 Total $ 989,026 $ 15,135 $ 15,410 $ - $ 1,019,571 Pass Special Mention Substandard Doubtful Total (In thousands) September 30, 2018: 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 real estate 45,102 - - - 45,102 Commercial and industrial 73,738 - 157 - 73,895 Other 6,164 - - - 6,164 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 The following table presents loans that are no longer accruing interest by portfolio class. June 30, 2019 September 30, 2018 (In thousands) Non-accrual loans: Residential mortgage $ 1,850 $ 1,817 Commercial: Commercial real estate - 520 Consumer: Home equity lines of credit 31 34 Second mortgages 307 290 Other 1 26 Total non-accrual loans $ 2,189 $ 2,687 Under the Bank’s loan policy, once a loan has been placed on non-accrual status, we do not resume interest accruals until the loan has been brought current and has maintained a current payment status for not less than six consecutive months. Interest income that would have been recognized on nonaccrual loans had they been current in accordance with their original terms was approximately $18,000 and $31,000 for the three and nine months ended June 30, 2019, respectively, and approximately for the three and nine months ended June 30, 2018 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 June 30, 2019 and September 30, 2018. Current 30-59 Days Past Due 60-89 Days Past Due 90 Days and More Past Due Total Past Due Total Loans Receivable Loans Receivable > 90 Days and Accruing (In thousands) June 30, 2019: Residential mortgage $ 213,809 $ 262 $ 532 $ 1,511 2,305 $ 216,114 $ 228 Construction and Development: Residential and commercial 47,485 - - - - 47,485 - Land 3,809 - - - - 3,809 - Commercial: Commercial real estate 543,045 - - - - 543,045 - Farmland 5,388 - - - - 5,388 - Multi-family real estate 64,050 - - - - 64,050 - Commercial and industrial 97,877 - - - - 97,877 - Other 5,356 - - - - 5,356 - Consumer: Home equity lines of credit 19,317 - - 31 31 19,348 - Second mortgages 14,286 528 98 106 732 15,018 - Other 2,079 - 2 - 2 2,081 - Total $ 1,016,501 $ 790 $ 632 $ 1,648 $ 3,070 $ 1,019,571 $ 228 Current 30-59 Days Past Due 60-89 Days Past Due Greater than 90 Days Past Due Total Past Due Total Loans Receivable Loans Receivable > 90 Days and 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 real estate 45,102 - - - - 45,102 - Commercial and industrial 73,895 - - - - 73,895 - Other 6,164 - - - - 6,164 - 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 Restructured loans deemed to be trouble debt restructures (“TDRs”) The Company had twenty-one and eighteen loans classified as TDRs at June 30, 2019 and September 30, 2018, respectively, with an aggregate outstanding balance of $12.5 million and $18.9 million, respectively. At June 30, 2019, these loans were also classified as impaired. Sixteen of the TDR loans continue to perform under the restructured terms through June 30, 2019 and we continued to accrue interest on such loans through such date. As previously disclosed in the Company’s 2018 Annual Report, one TDR with an aggregate outstanding balance of approximately $7.0 million ceased to perform under modified terms and as a result the Bank accepted a deed in lieu of foreclosure. D The Company had $2.4 million Primarily, as a result of the one TDR being transferred to OREO, TDR loans at June 30, 2019 decreased by $6.5 million compared to September 30, 2018 and total non-performing assets at June 30, 2019 increased by $5.2 million compared to September 30, 2018. Loans that have been classified as TDRs have modified 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 could 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 cases 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 $51,000 and $1.4 million Total Troubled Debt Restructurings Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months Number of Loans Recorded Investment Number of Loans Recorded Investment (In thousands) June 30, 2019: Residential mortgage 14 $ 2,504 4 $ 596 Commercial: Commercial real estate 3 9,748 - - Consumer: Second mortgages 4 214 1 46 Total 21 $ 12,466 $ 5 $ 642 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 The following table reports the performing status of all TDR loans. The performing status is determined by a loan’s compliance with the modified terms. June 30, 2019 September 30, 2018 Performing Non-Performing Performing Non-Performing (In thousands) Residential mortgage $ 1,908 $ 596 $ 1,527 $ 289 Construction and Development: Land - - 76 - Commercial: Commercial real estate 9,748 - 16,889 - Consumer: Second mortgages 168 46 148 - Total $ 11,824 $ 642 $ 18,640 $ 289 The following table shows the new TDRs for the three and nine months ended June 30, 2019 and 2018. For the Three Months Ended June 30, 2019 2018 Number of Contracts Pre- Modifications Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment Number of Contracts Pre- Modifications Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment (In thousands) Troubled Debt Restructurings: Residential mortgage - $ - $ - 1 $ 47 $ 47 Total troubled debt restructurings - $ - $ - 1 $ 47 $ 47 For the Nine Months Ended June 30, 2019 2018 Number of Contracts Pre- Modifications Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment Number of Contracts Pre- Modifications Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment (In thousands) Troubled Debt Restructurings: Residential mortgage 4 $ 732 $ 704 2 $ 250 $ 250 Commercial: Commercial real estate - $ - $ - 2 $ 16,417 $ 16,379 Consumer: Second mortgages 1 $ 80 $ 76 - $ - $ - Total troubled debt restructurings 5 $ 812 $ 780 4 $ 16,667 $ 16,629

Regulatory Matters

Regulatory Matters	9 Months Ended
	Jun. 30, 2019
Banking And Thrift [Abstract]
Regulatory Matters	Note 8 - Regulatory Matters Shareholders’ Equity On March 14, 2019, the Company’s Board of Directors approved a stock repurchase plan, under which the Company is authorized to repurchase up to 194,516 shares, or approximately 2.5 percent of the Company’s current outstanding common stock. This authority extends through March 31, 2020 and may be exercised from time to time and in such amounts as market conditions warrant. The repurchases may be made on the open market, in block trades or otherwise. The program may be suspended or discontinued at any time. During the three and nine months ended June 30, 2019, the Company purchased 16,699 shares and 16,863 shares of its common stock in the open market under the repurchase plan at an average cost of $19.94 per share and $19.95 per share, respectively. Regulatory Capital Requirements The Bank is subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of the Bank’s assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. The Bank’s capital amounts and classifications are also subject to qualitative judgments by the regulators about components, risk-weightings and other factors. In J l r iv U S r a a f a e d F r a a r r to l a J n 1 r a a b e b a a r r r m r r for r w R W A ratio b r a a a w r r r a a r a s e a a r r a a a r l r s F m Malvern a a r a of f iv J n 1 e a a a r m a a r a r J n 1 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 June 30, 2019, the Company’s and the Bank’s current capital levels exceed the required capital amounts to be considered “well capitalized” and 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 June 30, 2019 and September 30, 2018: Actual For Capital Adequacy Purposes To be Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) As of June 30, 2019 Tier 1 Leverage (Core) Capital (to adjusted assets) $ 139,668 11.51 % $ 48,552 4.00 % $ 60,690 5.00 % Common Equity Tier 1 Capital (to risk weighted assets) 139,668 13.94 % 48,076 4.50 % 65,109 6.50 % Tier 1 Capital (to risk weighted assets) 139,668 13.94 % 60,101 6.00 % 80,134 8.00 % Total Risk Based Capital (to risk weighted assets) 174,424 17.41 % 80,134 8.00 % 100,168 10.00 % As of September 30, 2018 Tier 1 Leverage (Core) Capital (to adjusted 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 % The following table summarizes the Bank’s compliance with applicable regulatory capital requirements as of June 30, 2019 and September 30, 2018 : Actual For Capital Adequacy Purposes To be Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) As of June 30, 2019 Tier 1 Leverage (Core) Capital (to adjusted assets) $ 149,934 12.36 % $ 48,514 4.00 % $ 60,643 5.00 % Common Equity Tier 1 Capital (to risk weighted assets) 149,934 14.98 % 45,030 4.50 % 65,043 6.50 % Tier 1 Capital (to risk weighted assets) 149,934 14.98 % 60,040 6.00 % 80,054 8.00 % Total Risk Based Capital (to risk weighted assets) 160,111 16.00 % 80,054 8.00 % 100,067 10.00 % As of September 30, 2018 Tier 1 Leverage (Core) Capital (to adjusted 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 Risk Based Capital (to risk weighted assets) 140,833 16.13 % 69,853 8.00 % 87,317 10.00 %

Derivatives and Hedging Activit

Derivatives and Hedging Activities	9 Months Ended
	Jun. 30, 2019
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Derivatives and Hedging Activities	Note 9 – Derivatives and Hedging Activities 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 Loss and is subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. At June 30, 2019, such derivatives were used to hedge the variable cash flows associated with FHLB advances. Amounts reported in Accumulated Other Comprehensive Loss 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 $77,000 to be reclassified to earnings as an increase to 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 Company executes interest rate swaps with commercial banking customers to facilitate their respective risk management strategies. Those interest rate swaps are simultaneously hedged by offsetting interest rate swaps that the Company executes with a third party, such that the Company minimizes its net risk exposure resulting from such transactions. These derivatives are not designated as hedges and are not speculative. Rather, these derivatives result from a service the Company provides to certain customers, which the Company implemented during the first quarter of fiscal 2019. As the interest rate swaps associated with this program do not meet the hedge accounting requirements, changes in the fair value of both the customer swaps and the offsetting swaps are recognized directly in earnings. The tables below present the fair value of the Company’s derivative financial instruments as well as their classification on the Consolidated Statements of Financial Condition as of June 30, 2019 and September 30, 2018: ` June 30, 2019 Asset derivatives Liability derivatives Notional Amount Fair Value Statement of Financial Condition Location Notional Amount Fair Value Statement of Financial Condition Location (In thousands) Derivatives designated as a hedging instrument: Interest rate swap agreement $ 35,000 $ 202 Other assets $ 30,000 $ 724 Other liabilities Derivatives not designated as a hedging instrument: Interest rate swap agreement $ 25,350 $ 3,309 Other assets $ 25,350 $ 3,311 Other liabilities September 30, 2018 Asset derivatives Liability derivatives Notional Amount Fair Value Statement of Financial Condition Location Notional Amount Fair Value Statement of Financial Condition Location (In thousands) Derivatives designated as a hedging instrument: Interest rate swap agreement $ 65,000 $ 1,245 Other assets $ - $ - Offsetting of Derivative Assets (In thousands) as of June 30, 2019 Gross Amounts Not Offset in the Statements of Financial Condition Gross Amounts of Recognized Assets Gross Amounts Offset in the Statement of Financial Condition Net Amounts of Assets presented in the Statement of Financial Condition Financial Instruments Cash Collateral Received Net Amount Derivatives $ 3,511 $ - $ 3,511 $ 265 $ - $ 3,246 Offsetting of Derivative Liabilities (In thousands) as of June 30, 2019 Gross Amounts Not Offset in the Statements of Financial Condition Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Statement of Financial Condition Net Amounts of Liabilities presented in the Statement of Financial Condition Financial Instruments Cash Collateral Posted Net Amount Derivatives $ 4,035 $ - $ 4,035 $ 739 $ - $ 3,296 Offsetting of Derivative Assets (In thousands) as of September 30, 2018 Gross Amounts Not Offset in the Statements of Financial Condition Gross Amounts of Recognized Assets Gross Amounts Offset in the Statement of Financial Condition Net Amounts of Assets presented in the Statement of Financial Condition Financial Instruments Cash Collateral Received Net Amount Derivatives $ 1,245 $ - $ 1,245 $ 1,245 $ - $ - Offsetting of Derivative Liabilities (In thousands) as of September 30, 2018 Gross Amounts Not Offset in the Statements of Financial Condition Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Statement of Financial Condition Net Amounts of Liabilities presented in the Statement of Financial Condition Financial Instruments Cash Collateral Posted Net Amount Derivatives $ - $ - $ - $ - $ - $ - 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 three and nine months ended June 30, 2019 and 2018. Three Months Ended June 30, 2019 Amount of Loss Recognized in OCI on Derivative Amount of Gain Reclassified from OCI to Interest Expense (In thousands) Interest rate swap agreements $ (578 ) $ 86 Total derivatives (578 ) 86 Nine Months Ended June 30, 2019 Amount of Loss Recognized in OCI on Derivative Amount of Gain Reclassified from OCI to Interest Expense (In thousands) Interest rate swap agreements $ (1,514 ) $ 253 Total derivatives (1,514 ) 253 Three Months Ended June 30, 2018 Amount of Gain Recognized in OCI on Derivative Amount of Gain Reclassified from OCI to Interest Expense (In thousands) Interest rate swap agreements $ 313 $ 59 Total derivatives 313 59 Nine Months Ended June 30, 2018 Amount of Gain Recognized in OCI on Derivative Amount of Gain Reclassified from OCI to Interest Expense (In thousands) Interest rate swap agreements $ 809 $ 59 Total derivatives 809 59 The tables below present the effect of the Company’s derivative financial instruments on the Consolidated Statements of Operations for the three and nine months ended June 30, 2019 and 2018. Three Months Ended June 30, 2019 Consolidated Statements of Operations Amount of Gain (Loss) Recognized in Income on derivatives (In thousands) Derivatives not designated as a hedging instrument: Interest rate swap agreement Other income $ - Total $ - Nine Months Ended June 30, 2019 Consolidated Statements of Operations Amount of Loss Recognized in Income on derivatives (In thousands) Derivatives not designated as a hedging instrument: Interest rate swap agreement Other income $ (2) Total $ (2) Three Months Ended June 30, 2018 Consolidated Statements of Operations Amount of Gain (Loss) Recognized in Income on derivatives (In thousands) Derivatives not designated as a hedging instrument: Interest rate swap agreement $ - Total $ - Nine Months Ended June 30, 2018 Consolidated Statements of Operations Amount of Gain (Loss) Recognized in Income on derivatives (In thousands) Derivatives not designated as a hedging instrument: Interest rate swap agreement $ - Total $ - 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 June 30, 2019 and September 30, 2018, the fair value of derivatives was in a net liability position, which includes accrued interest but excludes any adjustment for nonperformance risk, related to these agreements. There were no adjustments for nonperformance risk at June 30, 2019 and September 30, 2018.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Jun. 30, 2019
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 10 - Fair Value Measurements The Company follows FASB ASC Topic 820 Fair Value Measurement 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 at June 30, 2019 or September 30, 2018. The tables below present the balances of assets measured at fair value on a recurring basis as of June 30, 2019 and September 30, 2018: June 30, 2019 Total Level 1 Level 2 Level 3 (In thousands) Assets: Investment securities available for sale: Debt securities: U.S. government agencies $ 7,001 $ - $ 7,001 $ - State and municipal obligations 5,991 - 5,991 - Single issuer trust preferred security 901 - 901 - Corporate debt securities 9,409 - 9,409 - Mutual funds 250 - - 250 Total investment securities available for sale $ 23,552 $ - $ 23,302 $ 250 Derivative instruments $ 3,511 $ - $ 3,511 $ - Liabilities: Derivative instruments $ 4,035 $ - $ 4,035 $ - 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 $ - For assets measured at fair value on a nonrecurring basis that were still held at the end of the period, the following tables provide the level of valuation assumptions used to determine each adjustment and the carrying value of the related individual assets or portfolios at June 30, 2019 and September 30, 2018: June 30, 2019 Total Level 1 Level 2 Level 3 (In thousands) Loans held for sale $ 367 $ 367 $ - $ - Other real estate owned 5,796 - - 5,796 Impaired loans (1) 9,349 - - 9,349 Total $ 15,512 $ 367 $ - $ 15,145 June 30, 2019 Fair Value at June 30, 2019 Valuation Technique Unobservable Input Range/(Weighted Average) (In thousands) Other real estate owned $ 5,796 Appraisal of Collateral(2) Collateral discount(3) 0%/(0%) Impaired loans (1) 9,349 Appraisal of Collateral(2) Collateral discount(3) 12%/(12%) Total $ 15,145 (1) C (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, 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 September 30, 2018 Valuation Technique Unobservable Input Range/(Weighted Average) (In thousands) Impaired loans (1) $ 15,611 Appraisal of Collateral (2) Collateral discount (3) 8%-12%/(7.9%) Total $ 15,611 (1) Consisted of (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. At June 30, 2019 and September 30, 2018, the Company did not have any additions to our mortgage servicing assets. At June 30, 2019 and September 30, 2018, the Company only sold loans with servicing released. 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 instruments from its disclosure requirements. Accordingly, the aggregate fair value amounts presented may not necessarily represent the underlying fair value of the Company . The fair value estimates presented herein are based on pertinent information available to management as of June 30, 2019 and September 30, 2018. 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 June 30, 2019 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 —These assets are carried at historical cost. The carrying amount is a reasonable estimate of fair value because of the relatively short time between the origination of the instrument and its expected realization . Investment Securities —Investment and mortgage-backed securities available for sale (carried at fair value) are measured at fair value on a recurring basis. Fair value measurements for these securities are typically obtained from independent pricing services that we have engaged for this purpose. When available, we, or our independent pricing service, use quoted market prices to measure fair value. If market prices are not available, fair value measurement is based upon models that incorporate available trade, bid and other market information and for structured securities, cash flow and, when available, loan performance data. Because many fixed income securities do not trade on a daily basis, our independent pricing service’s applications apply available information through processes such as benchmark curves, benchmarking of like securities, sector groupings and matrix pricing to prepare evaluations. For each asset class, pricing applications and models are based on information from market sources and integrate relevant credit information. All of our securities available for sale are valued using either of the foregoing methodologies to determine fair value adjustments recorded to our financial statements. Loans Receivable —We do not record loans at fair value on a recurring basis. As such, valuation techniques discussed herein for loans are primarily for estimating fair value for FASB ASC 825 disclosure purposes. However, from time to time, we record nonrecurring fair value adjustments to loans to reflect partial write-downs for impairment or the full charge-off of the loan carrying value. The valuation of impaired loans is discussed below. The fair value estimate for FASB ASC 825 purposes differentiates loans based on their financial characteristics, such as product classification, loan category, pricing features and remaining maturity. Prepayment and credit loss estimates are evaluated by loan type and rate. The fair value of loans is estimated by discounting contractual cash flows using discount rates based on current industry pricing, adjusted for prepayment and credit loss estimates. Loans Held-For-Sale – The fair values of mortgage loans originated and intended for sale in the secondary market are based on current quoted market prices. The loan held for sale at June 30, 2019 was sold to one purchaser, it was not sold in the secondary market for residential mortgage loans. Impaired Loans —Impaired loans are valued utilizing independent appraisals that rely upon quoted market prices for similar assets in active markets. These appraisals include adjustments to comparable assets based on the appraisers’ market knowledge and experience. The appraisals are adjusted downward by management, as necessary, for changes in relevant valuation factors subsequent to the appraisal date and are considered Level 3 inputs . Accrued Interest Receivable —This asset is carried at historical cost. The carrying amount is a reasonable estimate of fair value because of the relatively short time between the origination of the instrument and its expected realization . Restricted Stock —Although restricted stock is an equity interest in the FHLB, it is carried at cost because it does not have a readily determinable fair value as its ownership is restricted and it lacks a market. The estimated fair value approximates the carrying amount. Other Real Estate Owned —Assets acquired through foreclosure or deed in lieu of foreclosure are recorded at estimated fair value less estimated selling costs when acquired, thus establishing a new cost basis. Fair value is generally based on independent appraisals. These appraisals include adjustments to comparable assets based on the appraisers’ market knowledge and experience, and are considered Level 3 inputs. When an asset is acquired, the excess of the loan balance over fair value, less estimated selling costs, is charged to the allowance for loan losses. If the estimated fair value of the asset declines, a write-down is recorded through expense. The valuation of foreclosed assets is subjective in nature and may be adjusted in the future because of, among other factors, changes in the economic conditions. Deposits —Deposit liabilities are carried at cost. As such, valuation techniques discussed herein for deposits are primarily for estimating fair value for FASB ASC 825 disclosure purposes. The fair value of deposits is discounted based on rates available for borrowings of similar maturities. A decay rate is estimated for non-time deposits. The discount rate for non-time deposits is adjusted for servicing costs based on industry estimates . Borrowings —Advances from the FHLB are carried at amortized cost. However, we are required to estimate the fair value of long-term debt under FASB ASC 825. The fair value is based on the contractual cash flows discounted using rates currently offered for new notes with similar remaining maturities. Subordinated Debt —The calculation of fair value in Level 2 is based on observable market values where available. Derivatives — The fair value of derivatives are based on valuation models using observable market data as of the measurement date (Level 2). Our derivatives are traded in an over-the-counter market where quoted market prices are not always available. Therefore, the fair values of derivatives are determined using quantitative models that utilize multiple market inputs. The inputs will vary based on the type of derivative, but could include interest rates, prices and indices to generate continuous yield or pricing curves, prepayment rate, and volatility factors to value the position. The majority of market inputs is actively quoted and can be validated through external sources, including brokers, market transactions and third-party pricing services . Accrued Interest Payable —This liability is carried at historical cost. The carrying amount is a reasonable estimate of fair value because of the relatively short time between the origination of the instrument and its expected realization. Commitments to Extend Credit and Letters of Credit — The majority of the Company’s commitments to extend credit and letters of credit carry current market interest rates if converted to loans and are not included in the table below. Because commitments to extend credit and letters of credit are generally unassignable by either the Bank or the borrower, they only have value to the Company and the borrower. The estimated fair value approximates the recorded deferred fee amounts, which are not significant. Mortgage Servicing Rights —The fair value of mortgage servicing rights is based on observable market prices when available or the present value of expected future cash flows when not available. Assumptions, such as loan default rates, costs to service, and prepayment speeds significantly affect the estimate of future cash flows. Mortgage servicing rights are carried at the lower of cost or fair value . The carrying amount and estimated fair value of the Company’s financial instruments as of June 30, 2019 and September 30, 2018 are presented below: June 30, 2019 Carrying Amount Fair Value Level 1 Level 2 Level 3 (In thousands) Financial assets: Cash and cash equivalents $ 150,036 $ 150,036 $ 150,036 $ - $ - Investment securities available-for-sale 23,552 23,552 - 23,302 250 Investment securities held-to-maturity 23,323 23,309 - 23,309 - Loans held for sale (included in Other Assets) 367 367 367 - - Loans receivable, net (including impaired loans) 1,009,959 1,017,026 - - 1,017,026 Accrued interest receivable 4,237 4,237 - 4,237 - Restricted stock 10,404 10,404 - 10,404 - Mortgage servicing rights (included in Other Assets) 192 196 - 196 - Derivatives (included in Other Assets) 3,511 3,511 - 3,511 Financial liabilities: Savings accounts 43,334 43,334 - 43,334 - Checking and NOW accounts 337,135 337,135 - 337,135 - Money market accounts 288,561 288,561 - 288,561 - Certificates of deposit 288,169 290,385 - 290,385 - Borrowings (excluding sub debt) 133,000 133,476 - 133,476 - Subordinated debt 24,579 24,579 - 24,579 - Derivatives (included in Other Liabilities) 4,035 4,035 - 4,035 - Accrued interest payable 1,443 1,443 - 1,443 - September 30, 2018 Carrying Amount Fair Value Level 1 Level 2 Level 3 (In thousands) 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 (included in Other Assets) 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 -

Comprehensive Income (Loss)

Comprehensive Income (Loss)	9 Months Ended
	Jun. 30, 2019
Equity [Abstract]
Comprehensive Income (Loss)	Note 11 – Comprehensive Income (Loss) The components of accumulated other comprehensive income (loss) included in shareholders’ equity are as follows: June 30, 2019 September 30, 2018 (In thousands) Net unrealized holding losses on available-for-sale securities $ (231 ) $ (506 ) Tax effect 48 106 Net of tax amount (183 ) (400 ) Fair value adjustments on derivatives (522 ) 1,245 Tax effect 110 (261 ) Net of tax amount (412 ) 984 Total accumulated other comprehensive (loss) income $ (595 ) $ 584 Other comprehensive income (loss) and related tax effects are presented in the following table: Three Months Ended June 30, Nine Months Ended June 30, 2019 2018 2019 2018 (In thousands) Net unrealized holding gains (losses) on available-for-sale securities $ 177 $ 34 $ 298 $ (185 ) Reclassification adjustment for net gains arising during the period (27 ) - (27 ) - Amortization of unrealized holding losses on securities transferred from available-for-sale to held-to-maturity 1 1 4 7 Fair value adjustments on derivatives (664 ) 253 (1,767 ) 748 Other comprehensive (loss) income before taxes (513 ) 288 (1,492 ) 570 Tax effect 108 (56 ) 313 (139 ) Total comprehensive (loss) income $ (405 ) $ 232 $ (1,179 ) $ 431

Equity Based Incentive Compensa

Equity Based Incentive Compensation Plan	9 Months Ended
	Jun. 30, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Equity Based Incentive Compensation Plan	Note 12 – 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 June 30, 2019, there were 347,862 remaining shares available for future grants. Restricted stock and option awards granted vest in 20% increments beginning on the one year anniversary of the grant date, and accelerate upon a change in control of the Company. The options generally expire ten years from the date of grant. All issuances are subject to forfeiture if the recipient leaves or is terminated prior to the award’s vesting. Shares of restricted stock have the same dividend and voting rights as common stock while options do not. 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. The Company did not grant any stock options during the three months ended June 30, 2019. During the nine months ended June 30, 2019, stock options covering a total of 7,000 shares of common stock were granted. Total compensation expense related to stock options granted under the 2014 Plan was approximately $7,000 and $18,000 for the three and nine months ended June 30, 2019, respectively. The Company did not grant any stock options during the three months ended June 30, 2018. During the nine months ended June 30, 2018, stock options covering a total of 4,664 shares of common stock were granted. Total compensation expense related to stock options granted under the 2014 Plan was $2,000 and $11,000 for the three and nine months ended June 30, 2018, respectively. During the three and nine months ended June 30, 2019 a total of 3,391 and 12,674 restricted shares were awarded, respectively. The compensation expense related to restricted stock awards was approximately $102,000 and $154,000 during the three and nine months ended June 30, 2019, respectively. The Company did not award any restricted shares during the three months ended June 30, 2018. During the nine months ended June 30, 2018, a total of 4,768 restricted shares were awarded. The compensation expense related to restricted stock awards for three and nine months ended June 30, 2018 was $14,000 and $43,000. 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 nine months ended June 30, 2019 are as follows: Weighted Average Fair Value of Awards $ 5.72 Risk Free Rate 2.50 % Dividend Yield -% Volatility 20.39 % Expected Life 6.5 years The following is a summary of stock option activity for the nine months ended June 30, 2019: Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term (In Years) Aggregate Intrinsic Value Outstanding, beginning of year 15,996 $ 22.34 $ 41,490 Granted 7,000 $ 20.90 $ - Exercised - $ - $ - Forfeited/cancelled/expired 4,166 $ 21.24 $ 4,120 Outstanding, end of year 18,830 $ 22.05 8.483 $ 23,690 Exercisable, end of year 4,370 $ 21.02 7.673 $ 9,208 Nonvested, at end of year 14,460 $ 22.36 As of June 30, 2019, there was approximately $87,000 of total unrecognized compensation cost related to nonvested options under the Plan. The cost is expected to be recognized over a weighted average period of 3.69 years. Restricted Stock Awards The table below summarizes the activity for the Company’s restricted stock outstanding during the nine months ended June 30, 2019: Shares Weighted Average Fair Value Outstanding, beginning of year 14,340 $ 22.95 Granted 12,674 $ 20.40 Vested 6,749 $ 21.41 Forfeited/cancelled/expired 1,772 $ 22.87 Outstanding, end of year 18,493 $ 21.78 As of June 30, 2019, there was approximately $359,000 of total unrecognized compensation cost related to nonvested shares of restricted stock granted under the Plan. The cost is expected to be recognized over a weighted average period of 3.73 years.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Basis of financial statement presentation	Basis of financial statement presentation. The unaudited condensed consolidated financial statements of the Company include the accounts of the Company and its subsidiaries . All significant intercompany accounts and transactions have been eliminated in consolidation. The accompanying unaudited condensed consolidated financial statements present the Company’s financial position at June 30, 2019 and September 30, 2018 and the results of operations for the three and nine months ended June 30, 2019 and 2018, and cash flows for the nine months ended June 30, 2019 and 2018. In management’s opinion, the unaudited condensed consolidated financial statements contain all adjustments, which include normal and recurring adjustments, necessary for a fair presentation of the financial position and results of operations as of the dates and for the interim periods presented. These unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and note disclosures included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on December 14, 2018 (the “2018 Annual Report”). The consolidated statements of operations for the three and nine months ended June 30, 2019 and the consolidated statements of cash flows for the nine months ended June 30, 2019 are not necessarily indicative of the results of operations or cash flows for the full year ending September 30, 2019 or any other period.
Loans Held-For-Sale	Loans Held-For-Sale. Loans originated and intended for sale in the secondary market are carried at the lower of cost or estimated fair value on the consolidated statement of financial condition. Gains and losses on loan sales (sales proceeds minus carrying value) are recorded in noninterest income, and direct loan origination costs and fees are deferred at origination of the loan and are recognized in other income upon sale of the loan. Servicing is retained at the Bank for loans sold in the secondary market and are placed as a mortgage servicing asset on the consolidated statement of financial condition. As of June 30, 2019, there was one commercial real estate loan with a balance of $367,000 classified as held for sale. There were no loans classified as held for sale as of September 30, 2018.
Treasury stock	Treasury stock. The Company records common stock purchased for treasury at cost. At the date of subsequent reissue, the treasury stock account is reduced by the cost of such stock on the first-in, first-out basis.
Recently Issued Accounting Pronouncements	Recently Issued Collaborative Arrangements. In November 2018, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2018-18, Collaborative Arrangements (Topic 808) . This ASU clarifies the interaction between Topic 808, Collaborative Arrangements , and Topic 606, Revenue from Contracts with Customers . This ASU is effective for fiscal years beginning after December 15, 2019 and is not expected to have a material impact on the consolidated earnings, financial position or cash flows of the Company. Fair Value. In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement which modifies the disclosures on fair value measurements by removing the requirement to disclose the amount and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy, the policy for timing of such transfers and the valuation process for Level 3 fair value measurements. This ASU also expands the disclosure requirements for Level 3 fair value measurements and is effective for fiscal years beginning after December 15, 2019, with early adoption permitted. The adoption of this ASU is not expected to have a material impact on the consolidated earnings, financial position or cash flows of the Company. Credit Losses. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments . This ASU requires an organization to measure all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. Many of the loss estimation techniques applied currently will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses. Organizations will continue to use judgment to determine which loss estimation method is appropriate for their circumstances. Additionally, this ASU amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. In April 2019, the FASB issued ASU 2019-04, Codification Improvements , which provides guidance on accounting for credit losses on accrued interest receivable balances and guidance on including recoveries when estimating the allowance. In May 2019, the FASB issued ASU 2019-05, Targeted Transition Relief, which allows entities with an option to elect fair value for certain instruments upon adoption of Topic 326. This ASU will be effective for interim and annual periods beginning after December 15, 2019, with early adoption permitted . The Bank has a software system in place to assist with the calculation of Current Expected Credit Losses (“CECL”). The Company formed a cross functional implementation team to review the requirements of ASU 2016-13 and contracted with a third-party provider to assist in the development and implementation of the revised credit loss methodology. The impact on the consolidated earnings, financial position and cash flows of the Company, upon adoption of this ASU are currently unknown. In July 2019, the FASB tentatively decided to delay the required implementation date of ASU 2016-13 for smaller reporting companies. If the decision to delay required implementation is finalized, the Company would be required to implement the ASU on October 1, 2023. Leases . In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) to increase transparency and comparability among organizations recognizing lease assets and lease liabilities on the balance sheet. This ASU will require lessees to recognize a right-of-use (ROU) asset for its right to use the underlying asset and a lease liability for the corresponding lease obligation for leases with terms of more than twelve months. Accounting by lessors will remain largely unchanged from current U.S. GAAP. This ASU also requires expanded quantitative and qualitative disclosures for both lessees and lessors. In July 2018, the FASB issued ASU 2018-11, Leases (Topic 842): Targeted Improvements, which provides entities with an additional (and optional) transition method in which the entity applies the new leases standard at the adoption date and recognizes a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. The Company plans to apply this optional transition method. The Company has established an implementation team that continues to make progress toward completing the evaluation of the impact of the new standard. Based on a preliminary assessment, the Company expects to recognize ROU assets and related lease liabilities of approximately $3.2 million. In December 2018, the FASB issued ASU 2018-20, Leases (Topic 842): Narrow Scope Improvements for Lessors, which clarifies the treatment of sales taxes and other taxes collected from lessees, lessor costs paid directly by lessees, and recognition of variable payments for contracts with lease and non-lease components. The Company anticipates finalizing its accounting policy and process modifications during the fourth quarter of fiscal 2019 and plans to adopt these ASUs effective October 1, 2019

Non-Interest Income (Tables)

Non-Interest Income (Tables)	9 Months Ended
	Jun. 30, 2019
Noninterest Income [Abstract]
Schedule of Company's Non-Interest Income	The Company has included the following table regarding the Company’s non-interest income for the periods presented. Three Months Ended June 30, Nine Months Ended June 30, 2019 2018 2019 2018 (Dollars in thousands) Rental income $ 53 $ 63 $ 184 $ 196 Net gains on sales of investments 27 - 27 - Net gains on sale of real estate - - - 1,186 Net gains on sale of loans - 3 37 96 Earnings on bank-owned life insurance 122 119 363 359 Non-interest income within the scope of other GAAP topics 202 185 611 1,837 ATM fees 2 3 4 9 Credit card fee income 6 6 17 17 DDA fee income 33 32 102 100 DDA service fees 19 17 55 53 Debit card fees 69 64 186 175 Other loan fee income 61 357 890 494 Other fee income 52 49 163 184 Other non-interest income 10 2 13 6 Non-interest income from contracts with customers $ 252 $ 530 $ 1,430 $ 1,038 Total Non-interest Income $ 454 $ 715 $ 2,041 $ 2,875

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Jun. 30, 2019
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. Three Months Ended June 30, Nine Months Ended June 30, 2019 2018 2019 2018 (Dollars in thousands, except share data) Net Income $ 2,656 $ 2,243 $ 6,633 $ 4,664 Weighted average shares outstanding 7,775,598 6,573,178 7,740,010 6,572,849 Average unearned ESOP shares (105,747 ) (120,147 ) (109,360 ) (123,760 ) Basic weighted average share outstanding 7,669,851 6,453,031 7,630,650 6,449,089 Plus: effect of potential dilutive common stock equivalents - stock options 255 3,017 294 2,979 Diluted weighted average common shares outstanding 7,670,106 6,456,048 7,630,944 6,452,068 Earnings per common share: Basic $ 0.35 $ 0.35 $ 0.87 $ 0.72 Diluted $ 0.35 $ 0.35 $ 0.87 $ 0.72

Investment Securities (Tables)

Investment Securities (Tables)	9 Months Ended
	Jun. 30, 2019
Investments Debt And Equity Securities [Abstract]
Schedule of Investment securities	The following tables present information related to the Company’s investment securities at June 30, 2019 and September 30, 2018. June 30, 2019 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In thousands) Investment Securities Available-for-Sale: U.S. government agencies $ 7,000 $ 1 $ - $ 7,001 State and municipal obligations 5,971 20 - 5,991 Single issuer trust preferred security 1,000 - (99 ) 901 Corporate debt securities 9,562 87 (240 ) 9,409 Mutual fund 250 - - 250 Total 23,783 108 (339 ) 23,552 Investment Securities Held-to-Maturity: U.S. government agencies $ 1,000 $ - $ (2 ) $ 998 State and municipal obligations 4,543 65 - 4,608 Corporate debt securities 3,635 134 - 3,769 Mortgage-backed securities: Collateralized mortgage obligations ("CMO"), fixed-rate 14,145 7 (218 ) 13,934 23,323 206 (220 ) 23,309 Total investment securities $ 47,106 $ 314 $ (559 ) $ 46,861 September 30, 2018 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (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: CMO, fixed-rate 16,197 - (989 ) 15,208 $ 30,092 $ - $ (1,124 ) $ 28,968 Total investment securities $ 54,896 $ - $ (1,630 ) $ 53,266
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 June 30, 2019 and September 30, 2018 : June 30, 2019 Less than 12 Months More than 12 Months Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses (In thousands) Investment Securities Available for Sale: Single issuer trust preferred security $ - $ - $ 901 $ (99 ) $ 901 $ (99 ) Corporate debt securities - - 3,260 (240 ) 3,260 (240 ) Total $ - $ - $ 4,161 $ (339 ) $ 4,161 $ (339 ) Investment Securities Held-to-Maturity: U.S. government agencies $ - $ - $ 998 $ (2 ) $ 998 $ (2 ) Mortgage-backed securities: CMO, fixed-rate - - 12,591 (218 ) 12,591 (218 ) Total $ - $ - $ 13,589 $ (220 ) $ 13,589 $ (220 ) Total investment securities $ - $ - $ 17,750 $ (559 ) $ 17,750 $ (559 ) September 30, 2018 Less than 12 Months More than 12 Months Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses (In thousands) Investment Securities Available for Sale: U.S. treasury and 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 debt 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 )
Schedule of amortized cost and fair value of debt securities by contractual maturity	The following table presents information for investment securities at June 30, 2019, based on scheduled maturities. Actual maturities can be expected to differ from scheduled maturities due to prepayment or early call options of the issuer. Amortized Cost Fair Value (In thousands) Available-for-Sale: Within 1 year $ 501 $ 501 Over 1 year through five years 15,309 15,327 After 5 years through ten years 7,973 7,724 Total $ 23,783 $ 23,552 Held-to-Maturity: Within 1 year 1,000 998 After 5 years through ten years 5,472 5,669 Over 10 years 2,706 2,708 Mortgage-backed securities: CMO, fixed-rate 14,145 13,934 Total $ 23,323 $ 23,309 Total investment securities $ 47,106 $ 46,861

Loans Receivable and Related _2

Loans Receivable and Related Allowance for Loan Losses (Tables)	9 Months Ended
	Jun. 30, 2019
Receivables [Abstract]
Schedule of loans receivable	Loans receivable in the Company’s portfolio (which does not include loans held for sale, except as noted below) consisted of the following at the dates indicated below: June 30, 2019 September 30, 2018 (In thousands) Residential mortgage $ 216,114 $ 197,219 Construction and Development: Residential and commercial 47,485 37,433 Land 3,809 9,221 Total Construction and Development 51,294 46,654 Commercial: Commercial real estate 543,045 493,929 Farmland 5,388 12,066 Multi-family real estate 64,050 45,102 Commercial and industrial 97,877 73,895 Other 5,356 6,164 Total Commercial 715,716 631,156 Consumer: Home equity lines of credit 19,348 14,884 Second mortgages 15,018 18,363 Other 2,081 2,315 Total Consumer 36,447 35,562 Total loans 1,019,571 910,591 Deferred loan fees and costs, net 494 566 Allowance for loan losses (10,106 ) (9,021 ) Total loans receivable, net $ 1,009,959 $ 902,136
Schedule of allowance for loan losses	The following tables summarize the primary classes of the allowance for loan losses (“ALLL”), segregated into the amount required for loans individually evaluated for impairment and the amount required for loans collectively evaluated for impairment as of June 30, 2019 and September 30, 2018. Activity in the allowance is presented for the three and nine months ended June 30, 2019 and 2018 and the year ended September 30, 2018. Construction and Development Commercial Consumer Residential Mortgage Residential and Commercial Land Commercial Real Estate Farmland Multi- Family Real Estate Commercial and Industrial Other Home Equity Lines of Credit Second Mortgages Other Unallocated Total Allowance for loan losses: (In thousands) Three Months Ended June 30, 2019 Beginning Balance $ 1,130 $ 601 $ 33 $ 5,767 $ 62 $ 419 $ 452 $ 33 $ 101 $ 359 $ 24 $ 1,035 $ 10,016 Charge-offs - - - - - - - - - - - - - Recoveries - - - 18 - - 1 - - 8 7 - 34 Provisions 66 17 (9 ) (238 ) (34 ) (7 ) 90 (11 ) 5 (22 ) (7 ) 206 56 Ending balance $ 1,196 $ 618 $ 24 $ 5,547 $ 28 $ 412 $ 543 $ 22 $ 106 $ 345 $ 24 $ 1,241 $ 10,106 Construction and Development Commercial Consumer Residential Mortgage Residential and Commercial Land Commercial Real Estate Farmland Multi- Family Real Estate Commercial and Industrial Other Home Equity Lines of Credit Second Mortgages Other Unallocated Total Allowance for loan losses: (In thousands) Three Months Ended June 30, 2018 Beginning Balance $ 987 $ 397 $ 158 $ 4,046 $ 82 $ 195 $ 467 $ 23 $ 87 $ 407 $ 27 $ 1,589 $ 8,465 Charge-offs - - - - - - (45 ) - - (5 ) - - (50 ) Recoveries - - - - - - 1 - - 18 1 - 20 Provisions 48 25 (40 ) 122 (13 ) 89 30 2 (8 ) 53 (2 ) 283 589 Ending balance $ 1,035 $ 422 $ 118 $ 4,168 $ 69 $ 284 $ 453 $ 25 $ 79 $ 473 $ 26 $ 1,872 $ 9,024 Construction and Development Commercial Consumer Residential Mortgage Residential and Commercial Land Commercial Real Estate Farmland Multi- Family Real Estate Commercial and Industrial Other Home Equity Lines of Credit Second Mortgages Other Unallocated Total Allowance for loan losses: (In thousands) Nine Months Ended June 30, 2019 Beginning Balance $ 1,062 $ 393 $ 49 $ 5,031 $ 66 $ 232 $ 443 $ 24 $ 82 $ 326 $ 51 $ 1,262 $ 9,021 Charge-offs (17 ) - - (1,376 ) - - - - - (1 ) (37 ) - (1,431 ) Recoveries 79 - - 22 - - 4 - 1 22 9 - 137 Provisions 72 225 (25 ) 1,870 (38 ) 180 96 (2 ) 23 (2 ) 1 (21 ) 2,379 Ending balance $ 1,196 $ 618 $ 24 $ 5,547 $ 28 $ 412 $ 543 $ 22 $ 106 $ 345 $ 24 $ 1,241 $ 10,106 Ending balance: individually evaluated for impairment $ 3 $ - $ - $ 76 $ - $ - $ - $ - $ - $ 169 $ 1 $ - $ 249 Ending balance: collectively evaluted for impairment $ 1,193 $ 618 $ 24 $ 5,471 $ 28 $ 412 $ 543 $ 22 $ 106 $ 176 $ 23 $ 1,241 $ 9,857 Loans receivable: Ending balance $ 216,114 $ 47,485 $ 3,809 $ 543,045 $ 5,388 $ 64,050 $ 97,877 $ 5,356 $ 19,348 $ 15,018 $ 2,081 $ 1,019,571 Ending balance: individually evaluated for impairment $ 3,571 $ - $ - $ 9,748 $ - $ - $ - $ - $ 31 $ 663 $ 1 $ 14,014 Ending balance: collectively evaluated for impairment $ 212,543 $ 47,485 $ 3,809 $ 533,297 $ 5,388 $ 64,050 $ 97,877 $ 5,356 $ 19,317 $ 14,355 $ 2,080 $ 1,005,557 Construction and Development Commercial Consumer Residential Mortgage Residential and Commercial Land Commercial Real Estate Farmland Multi- Family Real Estate Commercial and Industrial Other Home Equity Lines of Credit Second Mortgages Other Unallocated Total Allowance for loan losses: (In thousands) Nine Months Ended June 30, 2018 Beginning Balance $ 1,004 $ 523 $ 132 $ 3,581 $ 9 $ 224 $ 520 $ 21 $ 90 $ 402 $ 27 $ 1,872 $ 8,405 Charge-offs (6 ) - - (221 ) - - (45 ) - - (59 ) (2 ) - (333 ) Recoveries 58 - - 10 - - 3 - 1 46 5 - 123 Provisions (21 ) (101 ) (14 ) 798 60 60 (25 ) 4 (12 ) 84 (4 ) - 829 Ending balance $ 1,035 $ 422 $ 118 $ 4,168 $ 69 $ 284 $ 453 $ 25 $ 79 $ 473 $ 26 $ 1,872 $ 9,024 Ending balance: individually evaluated for impairment $ - $ - $ - $ 570 $ - $ - $ - $ - $ - $ 233 $ 1 $ - $ 804 Ending balance: collectively evaluted for impairment $ 1,035 $ 422 $ 118 $ 3,598 $ 69 $ 284 $ 453 $ 25 $ 79 $ 240 $ 25 $ 1,872 $ 8,220 Loans receivable: Ending balance $ 192,901 $ 39,845 $ 15,565 $ 477,584 $ 12,058 $ 45,204 $ 76,958 $ 5,898 $ 14,446 $ 19,063 $ 2,311 $ 901,833 Ending balance: individually evaluated for impairment $ 2,438 $ - $ 79 $ 17,504 $ - $ - $ - $ - $ 34 $ 661 $ 1 $ 20,717 Ending balance: collectively evaluated for impairment $ 190,463 $ 39,845 $ 15,486 $ 460,080 $ 12,058 $ 45,204 $ 76,958 $ 5,898 $ 14,412 $ 18,402 $ 2,310 $ 881,116 Construction and Development Commercial Consumer Residential Mortgage Residential and Commercial Land Commercial Real Estate Farmland Multi- Family Real Estate Commercial and Industrial Other Home Equity Lines of Credit Second Mortgages Other Unallocated Total Allowance for loan losses: (In thousands) Year Ended September 30, 2018 Beginning Balance $ 1,004 $ 523 $ 132 $ 3,581 $ 9 $ 224 $ 520 $ 21 $ 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 (36 ) 3 (9 ) (40 ) 19 (610 ) 954 Ending balance $ 1,062 $ 393 $ 49 $ 5,031 $ 66 $ 232 $ 443 $ 24 $ 82 $ 326 $ 51 $ 1,262 $ 9,021 Ending balance: individually evaluated for impairment $ - $ - $ - $ 1,448 $ - $ - $ - $ - $ - $ 103 $ 26 $ - $ 1,577 Ending balance: collectively evaluted for impairment $ 1,062 $ 393 $ 49 $ 3,583 $ 66 $ 232 $ 443 $ 24 $ 82 $ 223 $ 25 $ 1,262 $ 7,444 Loans receivable: Ending balance $ 197,219 $ 37,433 $ 9,221 $ 493,929 $ 12,066 $ 45,102 $ 73,895 $ 6,164 $ 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 $ 73,895 $ 6,164 $ 14,850 $ 17,728 $ 2,289 $ 889,263
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 June 30, 2019 and September 30, 2018. Impaired Loans with Specific Allowance Impaired Loans with No Specific Allowance Total Impaired Loans Recorded Investment Related Allowance Recorded Investment Recorded Investment Unpaid Principal Balance (In thousands) June 30, 2019 Residential mortgage $ 198 $ 3 $ 3,373 $ 3,571 $ 3,723 Commercial: Commercial real estate 9,213 76 535 9,748 9,748 Consumer: Home equity lines of credit - - 31 31 33 Second mortgages 186 169 477 663 729 Other 1 1 - 1 1 Total impaired loans $ 9,598 $ 249 $ 4,416 $ 14,014 $ 14,234 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
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 for the three and nine months ended June 30, 2019 and 2018. Three Months Ended June 30, 2019 Nine Months Ended June 30, 2019 Average Impaired Loans Interest Income Recognized on Impaired Loans Average Impaired Loans Interest Income Recognized on Impaired Loans (In thousands) Residential mortgage $ 3,577 $ 21 $ 5,372 $ 69 Construction and Development: Land 44 - 93 2 Commercial: Commercial real estate 10,007 76 17,650 227 Consumer: Home equity lines of credit 32 - 55 - Second mortgages 667 2 977 7 Other 1 - 14 - Total $ 14,328 $ 99 $ 24,161 $ 305 Three Months Ended June 30, 2018 Nine Months Ended June 30, 2018 Average Impaired Loans Interest Income Recognized on Impaired Loans Average Impaired Loans Interest Income Recognized on Impaired Loans (In thousands) Residential mortgage $ 2,408 $ 17 $ 2,417 $ 38 Construction and Development: Land 80 2 86 4 Commercial: Commercial real estate 17,322 113 8,512 132 Commercial and industrial 124 - 184 - Consumer: Home equity lines of credit 33 - 18 - Second mortgages 658 2 605 6 Other 1 - 1 - Total $ 20,626 $ 134 $ 11,823 $ 180
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 systemas of June 30, 2019 and September 30, 2018. Pass Special Mention Substandard Doubtful Total (In thousands) June 30, 2019: Residential mortgage $ 212,409 $ - $ 3,705 $ - $ 216,114 Construction and Development: Residential and commercial 47,485 - - - 47,485 Land 3,809 - - - 3,809 Commercial: Commercial real estate 517,828 14,643 10,574 - 543,045 Farmland 5,388 - - - 5,388 Multi-family real estate 63,645 405 - - 64,050 Commercial and industrial 97,738 - 139 - 97,877 Other 5,356 - - - 5,356 Consumer: Home equity lines of credit 19,223 - 125 - 19,348 Second mortgages 14,065 87 866 - 15,018 Other 2,080 - 1 - 2,081 Total $ 989,026 $ 15,135 $ 15,410 $ - $ 1,019,571 Pass Special Mention Substandard Doubtful Total (In thousands) September 30, 2018: 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 real estate 45,102 - - - 45,102 Commercial and industrial 73,738 - 157 - 73,895 Other 6,164 - - - 6,164 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
Schedule of loans that are no longer accruing interest by portfolio class	The following table presents loans that are no longer accruing interest by portfolio class. June 30, 2019 September 30, 2018 (In thousands) Non-accrual loans: Residential mortgage $ 1,850 $ 1,817 Commercial: Commercial real estate - 520 Consumer: Home equity lines of credit 31 34 Second mortgages 307 290 Other 1 26 Total non-accrual loans $ 2,189 $ 2,687
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 June 30, 2019 and September 30, 2018. Current 30-59 Days Past Due 60-89 Days Past Due 90 Days and More Past Due Total Past Due Total Loans Receivable Loans Receivable > 90 Days and Accruing (In thousands) June 30, 2019: Residential mortgage $ 213,809 $ 262 $ 532 $ 1,511 2,305 $ 216,114 $ 228 Construction and Development: Residential and commercial 47,485 - - - - 47,485 - Land 3,809 - - - - 3,809 - Commercial: Commercial real estate 543,045 - - - - 543,045 - Farmland 5,388 - - - - 5,388 - Multi-family real estate 64,050 - - - - 64,050 - Commercial and industrial 97,877 - - - - 97,877 - Other 5,356 - - - - 5,356 - Consumer: Home equity lines of credit 19,317 - - 31 31 19,348 - Second mortgages 14,286 528 98 106 732 15,018 - Other 2,079 - 2 - 2 2,081 - Total $ 1,016,501 $ 790 $ 632 $ 1,648 $ 3,070 $ 1,019,571 $ 228 Current 30-59 Days Past Due 60-89 Days Past Due Greater than 90 Days Past Due Total Past Due Total Loans Receivable Loans Receivable > 90 Days and 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 real estate 45,102 - - - - 45,102 - Commercial and industrial 73,895 - - - - 73,895 - Other 6,164 - - - - 6,164 - 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
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 $51,000 and $1.4 million Total Troubled Debt Restructurings Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months Number of Loans Recorded Investment Number of Loans Recorded Investment (In thousands) June 30, 2019: Residential mortgage 14 $ 2,504 4 $ 596 Commercial: Commercial real estate 3 9,748 - - Consumer: Second mortgages 4 214 1 46 Total 21 $ 12,466 $ 5 $ 642 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
Schedule of performing status of TDR loans	The following table reports the performing status of all TDR loans. The performing status is determined by a loan’s compliance with the modified terms. June 30, 2019 September 30, 2018 Performing Non-Performing Performing Non-Performing (In thousands) Residential mortgage $ 1,908 $ 596 $ 1,527 $ 289 Construction and Development: Land - - 76 - Commercial: Commercial real estate 9,748 - 16,889 - Consumer: Second mortgages 168 46 148 - Total $ 11,824 $ 642 $ 18,640 $ 289
Schedule of new TDR's	The following table shows the new TDRs for the three and nine months ended June 30, 2019 and 2018. For the Three Months Ended June 30, 2019 2018 Number of Contracts Pre- Modifications Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment Number of Contracts Pre- Modifications Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment (In thousands) Troubled Debt Restructurings: Residential mortgage - $ - $ - 1 $ 47 $ 47 Total troubled debt restructurings - $ - $ - 1 $ 47 $ 47 For the Nine Months Ended June 30, 2019 2018 Number of Contracts Pre- Modifications Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment Number of Contracts Pre- Modifications Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment (In thousands) Troubled Debt Restructurings: Residential mortgage 4 $ 732 $ 704 2 $ 250 $ 250 Commercial: Commercial real estate - $ - $ - 2 $ 16,417 $ 16,379 Consumer: Second mortgages 1 $ 80 $ 76 - $ - $ - Total troubled debt restructurings 5 $ 812 $ 780 4 $ 16,667 $ 16,629

Regulatory Matters (Tables)

Regulatory Matters (Tables)	9 Months Ended
	Jun. 30, 2019
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 June 30, 2019 and September 30, 2018: Actual For Capital Adequacy Purposes To be Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) As of June 30, 2019 Tier 1 Leverage (Core) Capital (to adjusted assets) $ 139,668 11.51 % $ 48,552 4.00 % $ 60,690 5.00 % Common Equity Tier 1 Capital (to risk weighted assets) 139,668 13.94 % 48,076 4.50 % 65,109 6.50 % Tier 1 Capital (to risk weighted assets) 139,668 13.94 % 60,101 6.00 % 80,134 8.00 % Total Risk Based Capital (to risk weighted assets) 174,424 17.41 % 80,134 8.00 % 100,168 10.00 % As of September 30, 2018 Tier 1 Leverage (Core) Capital (to adjusted 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 % The following table summarizes the Bank’s compliance with applicable regulatory capital requirements as of June 30, 2019 and September 30, 2018 : Actual For Capital Adequacy Purposes To be Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) As of June 30, 2019 Tier 1 Leverage (Core) Capital (to adjusted assets) $ 149,934 12.36 % $ 48,514 4.00 % $ 60,643 5.00 % Common Equity Tier 1 Capital (to risk weighted assets) 149,934 14.98 % 45,030 4.50 % 65,043 6.50 % Tier 1 Capital (to risk weighted assets) 149,934 14.98 % 60,040 6.00 % 80,054 8.00 % Total Risk Based Capital (to risk weighted assets) 160,111 16.00 % 80,054 8.00 % 100,067 10.00 % As of September 30, 2018 Tier 1 Leverage (Core) Capital (to adjusted 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 Risk Based Capital (to risk weighted assets) 140,833 16.13 % 69,853 8.00 % 87,317 10.00 %

Derivatives and Hedging Activ_2

Derivatives and Hedging Activities (Tables)	9 Months Ended
	Jun. 30, 2019
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Schedule of effects of derivative instruments on the Consolidated Financial Statements	The tables below present the fair value of the Company’s derivative financial instruments as well as their classification on the Consolidated Statements of Financial Condition as of June 30, 2019 and September 30, 2018: ` June 30, 2019 Asset derivatives Liability derivatives Notional Amount Fair Value Statement of Financial Condition Location Notional Amount Fair Value Statement of Financial Condition Location (In thousands) Derivatives designated as a hedging instrument: Interest rate swap agreement $ 35,000 $ 202 Other assets $ 30,000 $ 724 Other liabilities Derivatives not designated as a hedging instrument: Interest rate swap agreement $ 25,350 $ 3,309 Other assets $ 25,350 $ 3,311 Other liabilities September 30, 2018 Asset derivatives Liability derivatives Notional Amount Fair Value Statement of Financial Condition Location Notional Amount Fair Value Statement of Financial Condition Location (In thousands) Derivatives designated as a hedging instrument: Interest rate swap agreement $ 65,000 $ 1,245 Other assets $ - $ -
Schedule of offsetting of derivative assets and liabilities	Offsetting of Derivative Assets (In thousands) as of June 30, 2019 Gross Amounts Not Offset in the Statements of Financial Condition Gross Amounts of Recognized Assets Gross Amounts Offset in the Statement of Financial Condition Net Amounts of Assets presented in the Statement of Financial Condition Financial Instruments Cash Collateral Received Net Amount Derivatives $ 3,511 $ - $ 3,511 $ 265 $ - $ 3,246 Offsetting of Derivative Liabilities (In thousands) as of June 30, 2019 Gross Amounts Not Offset in the Statements of Financial Condition Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Statement of Financial Condition Net Amounts of Liabilities presented in the Statement of Financial Condition Financial Instruments Cash Collateral Posted Net Amount Derivatives $ 4,035 $ - $ 4,035 $ 739 $ - $ 3,296 Offsetting of Derivative Assets (In thousands) as of September 30, 2018 Gross Amounts Not Offset in the Statements of Financial Condition Gross Amounts of Recognized Assets Gross Amounts Offset in the Statement of Financial Condition Net Amounts of Assets presented in the Statement of Financial Condition Financial Instruments Cash Collateral Received Net Amount Derivatives $ 1,245 $ - $ 1,245 $ 1,245 $ - $ - Offsetting of Derivative Liabilities (In thousands) as of September 30, 2018 Gross Amounts Not Offset in the Statements of Financial Condition Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Statement of Financial Condition Net Amounts of Liabilities presented in the Statement of Financial Condition Financial Instruments Cash Collateral Posted Net Amount Derivatives $ - $ - $ - $ - $ - $ -
Schedule of net gains (losses) recorded in accumulated other comprehensive income and the Consolidate Statements of Operations	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 three and nine months ended June 30, 2019 and 2018. Three Months Ended June 30, 2019 Amount of Loss Recognized in OCI on Derivative Amount of Gain Reclassified from OCI to Interest Expense (In thousands) Interest rate swap agreements $ (578 ) $ 86 Total derivatives (578 ) 86 Nine Months Ended June 30, 2019 Amount of Loss Recognized in OCI on Derivative Amount of Gain Reclassified from OCI to Interest Expense (In thousands) Interest rate swap agreements $ (1,514 ) $ 253 Total derivatives (1,514 ) 253 Three Months Ended June 30, 2018 Amount of Gain Recognized in OCI on Derivative Amount of Gain Reclassified from OCI to Interest Expense (In thousands) Interest rate swap agreements $ 313 $ 59 Total derivatives 313 59 Nine Months Ended June 30, 2018 Amount of Gain Recognized in OCI on Derivative Amount of Gain Reclassified from OCI to Interest Expense (In thousands) Interest rate swap agreements $ 809 $ 59 Total derivatives 809 59
Schedule of effects of derivative instruments on Consolidated Statements of Operations	The tables below present the effect of the Company’s derivative financial instruments on the Consolidated Statements of Operations for the three and nine months ended June 30, 2019 and 2018. Three Months Ended June 30, 2019 Consolidated Statements of Operations Amount of Gain (Loss) Recognized in Income on derivatives (In thousands) Derivatives not designated as a hedging instrument: Interest rate swap agreement Other income $ - Total $ - Nine Months Ended June 30, 2019 Consolidated Statements of Operations Amount of Loss Recognized in Income on derivatives (In thousands) Derivatives not designated as a hedging instrument: Interest rate swap agreement Other income $ (2) Total $ (2) Three Months Ended June 30, 2018 Consolidated Statements of Operations Amount of Gain (Loss) Recognized in Income on derivatives (In thousands) Derivatives not designated as a hedging instrument: Interest rate swap agreement $ - Total $ - Nine Months Ended June 30, 2018 Consolidated Statements of Operations Amount of Gain (Loss) Recognized in Income on derivatives (In thousands) Derivatives not designated as a hedging instrument: Interest rate swap agreement $ - Total $ -

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Jun. 30, 2019
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 as of June 30, 2019 and September 30, 2018: June 30, 2019 Total Level 1 Level 2 Level 3 (In thousands) Assets: Investment securities available for sale: Debt securities: U.S. government agencies $ 7,001 $ - $ 7,001 $ - State and municipal obligations 5,991 - 5,991 - Single issuer trust preferred security 901 - 901 - Corporate debt securities 9,409 - 9,409 - Mutual funds 250 - - 250 Total investment securities available for sale $ 23,552 $ - $ 23,302 $ 250 Derivative instruments $ 3,511 $ - $ 3,511 $ - Liabilities: Derivative instruments $ 4,035 $ - $ 4,035 $ - 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 $ -
Schedule of assets measured at fair value on a non recurring basis	For assets measured at fair value on a nonrecurring basis that were still held at the end of the period, the following tables provide the level of valuation assumptions used to determine each adjustment and the carrying value of the related individual assets or portfolios at June 30, 2019 and September 30, 2018: June 30, 2019 Total Level 1 Level 2 Level 3 (In thousands) Loans held for sale $ 367 $ 367 $ - $ - Other real estate owned 5,796 - - 5,796 Impaired loans (1) 9,349 - - 9,349 Total $ 15,512 $ 367 $ - $ 15,145 June 30, 2019 Fair Value at June 30, 2019 Valuation Technique Unobservable Input Range/(Weighted Average) (In thousands) Other real estate owned $ 5,796 Appraisal of Collateral(2) Collateral discount(3) 0%/(0%) Impaired loans (1) 9,349 Appraisal of Collateral(2) Collateral discount(3) 12%/(12%) Total $ 15,145 (1) C (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, 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 September 30, 2018 Valuation Technique Unobservable Input Range/(Weighted Average) (In thousands) Impaired loans (1) $ 15,611 Appraisal of Collateral (2) Collateral discount (3) 8%-12%/(7.9%) Total $ 15,611 (1) Consisted of (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 June 30, 2019 and September 30, 2018 are presented below: June 30, 2019 Carrying Amount Fair Value Level 1 Level 2 Level 3 (In thousands) Financial assets: Cash and cash equivalents $ 150,036 $ 150,036 $ 150,036 $ - $ - Investment securities available-for-sale 23,552 23,552 - 23,302 250 Investment securities held-to-maturity 23,323 23,309 - 23,309 - Loans held for sale (included in Other Assets) 367 367 367 - - Loans receivable, net (including impaired loans) 1,009,959 1,017,026 - - 1,017,026 Accrued interest receivable 4,237 4,237 - 4,237 - Restricted stock 10,404 10,404 - 10,404 - Mortgage servicing rights (included in Other Assets) 192 196 - 196 - Derivatives (included in Other Assets) 3,511 3,511 - 3,511 Financial liabilities: Savings accounts 43,334 43,334 - 43,334 - Checking and NOW accounts 337,135 337,135 - 337,135 - Money market accounts 288,561 288,561 - 288,561 - Certificates of deposit 288,169 290,385 - 290,385 - Borrowings (excluding sub debt) 133,000 133,476 - 133,476 - Subordinated debt 24,579 24,579 - 24,579 - Derivatives (included in Other Liabilities) 4,035 4,035 - 4,035 - Accrued interest payable 1,443 1,443 - 1,443 - September 30, 2018 Carrying Amount Fair Value Level 1 Level 2 Level 3 (In thousands) 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 (included in Other Assets) 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 -

Comprehensive Income (Loss) (Ta

Comprehensive Income (Loss) (Tables)	9 Months Ended
	Jun. 30, 2019
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: June 30, 2019 September 30, 2018 (In thousands) Net unrealized holding losses on available-for-sale securities $ (231 ) $ (506 ) Tax effect 48 106 Net of tax amount (183 ) (400 ) Fair value adjustments on derivatives (522 ) 1,245 Tax effect 110 (261 ) Net of tax amount (412 ) 984 Total accumulated other comprehensive (loss) income $ (595 ) $ 584
Schedule of other comprehensive income and related tax effects	Other comprehensive income (loss) and related tax effects are presented in the following table: Three Months Ended June 30, Nine Months Ended June 30, 2019 2018 2019 2018 (In thousands) Net unrealized holding gains (losses) on available-for-sale securities $ 177 $ 34 $ 298 $ (185 ) Reclassification adjustment for net gains arising during the period (27 ) - (27 ) - Amortization of unrealized holding losses on securities transferred from available-for-sale to held-to-maturity 1 1 4 7 Fair value adjustments on derivatives (664 ) 253 (1,767 ) 748 Other comprehensive (loss) income before taxes (513 ) 288 (1,492 ) 570 Tax effect 108 (56 ) 313 (139 ) Total comprehensive (loss) income $ (405 ) $ 232 $ (1,179 ) $ 431

Equity Based Incentive Compen_2

Equity Based Incentive Compensation Plan (Tables)	9 Months Ended
	Jun. 30, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Schedule of assumptions used in determining fair value of stock option	The assumptions used in determining the fair value of stock option grants for the nine months ended June 30, 2019 are as follows: Weighted Average Fair Value of Awards $ 5.72 Risk Free Rate 2.50 % Dividend Yield -% Volatility 20.39 % Expected Life 6.5 years
Schedule of stock option activity	The following is a summary of stock option activity for the nine months ended June 30, 2019: Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term (In Years) Aggregate Intrinsic Value Outstanding, beginning of year 15,996 $ 22.34 $ 41,490 Granted 7,000 $ 20.90 $ - Exercised - $ - $ - Forfeited/cancelled/expired 4,166 $ 21.24 $ 4,120 Outstanding, end of year 18,830 $ 22.05 8.483 $ 23,690 Exercisable, end of year 4,370 $ 21.02 7.673 $ 9,208 Nonvested, at end of year 14,460 $ 22.36
Schedule of restricted stock outstanding	The table below summarizes the activity for the Company’s restricted stock outstanding during the nine months ended June 30, 2019: Shares Weighted Average Fair Value Outstanding, beginning of year 14,340 $ 22.95 Granted 12,674 $ 20.40 Vested 6,749 $ 21.41 Forfeited/cancelled/expired 1,772 $ 22.87 Outstanding, end of year 18,493 $ 21.78

The Company (Narrative) (Detail

The Company (Narrative) (Detail) - USD ($) $ in Thousands	Oct. 09, 2018	Jun. 30, 2019
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Gross proceeds of common stock	$ 25,000
Net proceeds of common stock	$ 23,300	$ 23,344

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Narrative) (Detail)	Jun. 30, 2019USD ($)Loan	Sep. 30, 2018Loan
Summary Of Significant Accounting Policies [Line Items]
Number of commercial real estate loans held for sale | Loan	1
Commercial real estate loan held for sale	$ 367,000
Number of loans held for sale | Loan		0
ASU 2016-02 [Member]
Summary Of Significant Accounting Policies [Line Items]
Operating lease, right-of-use assets	3,200,000
Operating lease, liabilities	$ 3,200,000

Non-Interest Income - Schedule

Non-Interest Income - Schedule of Company's Non-Interest Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Rental income	$ 53	$ 63	$ 184	$ 196
Net gains on sales of investments	27		27
Net gains on sale of real estate				1,186
Net gains on sale of loans		3	37	96
Earnings on bank-owned life insurance	122	119	363	359
Non-interest income within the scope of other GAAP topics	202	185	611	1,837
Non-interest income from contracts with customers	252	530	1,430	1,038
Total Other Income	454	715	2,041	2,875
ATM Fees [Member]
Non-interest income from contracts with customers	2	3	4	9
Credit Card Fee Income [Member]
Non-interest income from contracts with customers	6	6	17	17
DDA Fee Income [Member]
Non-interest income from contracts with customers	33	32	102	100
DDA Service Fees [Member]
Non-interest income from contracts with customers	19	17	55	53
Debit Card Fees [Member]
Non-interest income from contracts with customers	69	64	186	175
Other Loan Fee Income [Member]
Non-interest income from contracts with customers	61	357	890	494
Other Fee Income [Member]
Non-interest income from contracts with customers	52	49	163	184
Other Non-interest Income [Member]
Non-interest income from contracts with customers	$ 10	$ 2	$ 13	$ 6

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Detail) - shares	3 Months Ended	9 Months Ended
	Jun. 30, 2019	Jun. 30, 2019
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Restricted shares issued	3,391	12,674
Stock Option [Member]
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Granted shares	0	7,000

Earnings Per Share (Detail)

Earnings Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Earnings Per Share [Abstract]
Net Income	$ 2,656	$ 2,243	$ 6,633	$ 4,664
Weighted average shares outstanding	7,775,598	6,573,178	7,740,010	6,572,849
Average unearned ESOP shares	(105,747)	(120,147)	(109,360)	(123,760)
Basic weighted average share outstanding	7,669,851	6,453,031	7,630,650	6,449,089
Plus: effect of potential dilutive common stock equivalents - stock options	255	3,017	294	2,979
Diluted weighted average common shares outstanding	7,670,106	6,456,048	7,630,944	6,452,068
Earnings Per Common Share:
Basic	$ 0.35	$ 0.35	$ 0.87	$ 0.72
Diluted	$ 0.35	$ 0.35	$ 0.87	$ 0.72

Employee Stock Ownership Plan (

Employee Stock Ownership Plan (Narrative) (Detail) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		4 Months Ended	9 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Sep. 30, 2008	Jun. 30, 2019	Jun. 30, 2018
Employee Stock Ownership Plan (ESOP), Shares In ESOP [Abstract]
Employee stock ownership plan (ESOP), shares purchased			241,178
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	3,600	3,600		10,800	10,800
Number of unallocated shares	103,965			103,965
Number of allocated shares held by the ESOP	155,253			155,253
Aggregate fair value of shares held by the ESOP	$ 2.3			$ 2.3

Investment Securities (Detail)

Investment Securities (Detail) - USD ($) $ in Thousands	Jun. 30, 2019	Sep. 30, 2018
Schedule of available-for-sale securities and cost-method investments [Line Items]
Amortized Cost	$ 23,783	$ 24,804
Gross Unrealized Gains	108
Gross Unrealized Losses	(339)	(506)
Fair value	23,552	24,298
Amortized Cost	23,323	30,092
Gross Unrealized Gains	206
Gross Unrealized Losses	(220)	(1,124)
Fair value	23,309	28,968
Total investment securities Amortized Cost	47,106	54,896
Total investment securities Gross Unrealized Gains	314
Total investment securities Gross Unrealized Losses	(559)	(1,630)
Total investment securities Fair Value	46,861	53,266
U. S. Government Agencies [Member]
Schedule of available-for-sale securities and cost-method investments [Line Items]
Amortized Cost	7,000	9,996
Gross Unrealized Gains	1
Gross Unrealized Losses		(10)
Fair value	7,001	9,986
Amortized Cost	1,000	1,999
Gross Unrealized Losses	(2)	(20)
Fair value	998	1,979
State And Municipal Obligations [Member]
Schedule of available-for-sale securities and cost-method investments [Line Items]
Amortized Cost	5,971	6,953
Gross Unrealized Gains	20
Gross Unrealized Losses		(66)
Fair value	5,991	6,887
Amortized Cost	4,543	8,181
Gross Unrealized Gains	65
Gross Unrealized Losses		(66)
Fair value	4,608	8,115
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	(99)	(79)
Fair value	901	921
Corporate Debt Securities [Member]
Schedule of available-for-sale securities and cost-method investments [Line Items]
Amortized Cost	9,562	6,605
Gross Unrealized Gains	87
Gross Unrealized Losses	(240)	(351)
Fair value	9,409	6,254
Amortized Cost	3,635	3,715
Gross Unrealized Gains	134
Gross Unrealized Losses		(49)
Fair value	3,769	3,666
Mutual Fund [Member]
Schedule of available-for-sale securities and cost-method investments [Line Items]
Amortized Cost	250	250
Fair value	250	250
Collateralized Mortgage Obligations [Member] | Fixed Rate [Member]
Schedule of available-for-sale securities and cost-method investments [Line Items]
Amortized Cost	14,145	16,197
Gross Unrealized Gains	7
Gross Unrealized Losses	(218)	(989)
Fair value	$ 13,934	$ 15,208

Investment Securities - (Narrat

Investment Securities - (Narrative) (Detail)	3 Months Ended		9 Months Ended
	Jun. 30, 2019USD ($)Investment	Jun. 30, 2018USD ($)	Jun. 30, 2019USD ($)Investment	Jun. 30, 2018USD ($)	Sep. 30, 2018USD ($)
Marketable Securities [Line Items]
Proceeds from sale of securities available for sale	$ 2,100,000	$ 0	$ 2,100,000	$ 0
Gain on sale of securities available for sale	27,000		27,000
Fair value of available for sale securities transferred	6,800,000		6,800,000		$ 17,900,000
Fair value of available for sale securities short-term borrowings transferred	0		0		3,100,000
Carrying value of investment securities pledged against hedge	$ 4,000,000		$ 4,000,000		$ 0
U. S. Government Agencies [Member]
Marketable Securities [Line Items]
Number of portfolio investments | Investment	1		1
Corporate Debt Securities [Member]
Marketable Securities [Line Items]
Number of portfolio investments | Investment	2		2
Mortgage-Backed Securities [Member]
Marketable Securities [Line Items]
Number of portfolio investments | Investment	31		31
Single Issuer Trust Preferred Security [Member]
Marketable Securities [Line Items]
Number of portfolio investments | Investment	1		1

Investment Securities - Gross U

Investment Securities - Gross Unrealized Loss (Detail) - USD ($) $ in Thousands	Jun. 30, 2019	Sep. 30, 2018
Schedule of available-for-sale securities and cost-method investments [Line Items]
Less than 12 Months: Fair Value		$ 15,419
Less than 12 Months: Unrealized Losses		(66)
12 Months or longer: Fair Value	$ 4,161	8,175
12 Months or longer: Unrealized Losses	(339)	(440)
Total: Fair Value	4,161	23,594
Total: Unrealized Losses	(339)	(506)
Less than 12 Months: Fair Value		11,908
Less than 12 Months: Unrealized Losses		(121)
12 Months or longer: Fair Value	13,589	17,060
12 Months or longer: Unrealized Losses	(220)	(1,003)
Total: Fair Value	13,589	28,968
Total: Unrealized Losses	(220)	(1,124)
Total investment securities in an unrealized loss position less than 12 months fair value		27,327
Total investment securities in an unrealized loss position less than 12 months gross unrealized loss		(187)
Total investment securities in an unrealized loss position 12 months or more fair value	17,750	25,235
Total investment securities in an unrealized loss position 12 months or more gross unrealized loss	(559)	(1,443)
Total investment securities in an unrealized loss position fair value	17,750	52,562
Total investment securities in an unrealized loss position gross unrealized loss	(559)	(1,630)
Single Issuer Trust Preferred Security [Member]
Schedule of available-for-sale securities and cost-method investments [Line Items]
12 Months or longer: Fair Value	901	921
12 Months or longer: Unrealized Losses	(99)	(79)
Total: Fair Value	901	921
Total: Unrealized Losses	(99)	(79)
Corporate Debt Securities [Member]
Schedule of available-for-sale securities and cost-method investments [Line Items]
Less than 12 Months: Fair Value		0
12 Months or longer: Fair Value	3,260	6,254
12 Months or longer: Unrealized Losses	(240)	(351)
Total: Fair Value	3,260	6,254
Total: Unrealized Losses	(240)	(351)
Less than 12 Months: Fair Value		3,666
Less than 12 Months: Unrealized Losses		(49)
Total: Fair Value		3,666
Total: Unrealized Losses		(49)
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)
12 Months or longer: Fair Value	998	1,979
12 Months or longer: Unrealized Losses	(2)	(20)
Total: Fair Value	998	1,979
Total: Unrealized Losses	(2)	(20)
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	12,591	15,081
12 Months or longer: Unrealized Losses	(218)	(983)
Total: Fair Value	12,591	15,208
Total: Unrealized Losses	$ (218)	(989)
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
Less than 12 Months: Unrealized Losses		(56)
12 Months or longer: Fair Value		1,000
12 Months or longer: Unrealized Losses		(10)
Total: Fair Value		6,433
Total: Unrealized Losses		(66)
Less than 12 Months: Fair Value		8,115
Less than 12 Months: Unrealized Losses		(66)
Total: Fair Value		8,115
Total: Unrealized Losses		$ (66)

Investment Securities - Schedul

Investment Securities - Schedule maturities (Detail) - USD ($) $ in Thousands	Jun. 30, 2019	Sep. 30, 2018
Available for Sale, Amortized Cost:
Within 1 year	$ 501
Over 1 year through five years	15,309
After 5 years through ten years	7,973
Amortized Cost	23,783	$ 24,804
Held-to-Maturity, Amortized Cost:
Within 1 year	1,000
After 5 years through ten years	5,472
Over 10 years	2,706
CMO, fixed-rate	14,145
Held-to-Maturity, Amortized Cost, Total	23,323
Total investment securities Amortized Cost	47,106	54,896
Available-for-Sale, Fair Value:
Within 1 year	501
Over 1 year through five years	15,327
After 5 years through ten years	7,724
Available-for-sale, Fair Value, Total	23,552
Held-to-Maturity, Fair Value:
Within 1 year	998
After 5 years through ten years	5,669
Over 10 years	2,708
Mortgage-backed securities:
CMO, fixed-rate	13,934
Held-to-Maturity, Fair Value, Total	23,309	28,968
Total investment securities, Fair Value	$ 46,861	$ 53,266

Loans Receivable and Related _3

Loans Receivable and Related Allowance for Loan Losses (Detail) - USD ($) $ in Thousands	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Sep. 30, 2017
Financing Receivable, Impaired [Line Items]
Total loans	$ 1,019,571		$ 910,591	$ 901,833
Deferred loan fees and costs, net	494		566
Allowance for loan losses	(10,106)	$ (10,016)	(9,021)	(9,024)	$ (8,465)	$ (8,405)
Total loans receivable, net	1,009,959		902,136
Commercial and Industrial [Member]
Financing Receivable, Impaired [Line Items]
Total loans	97,877		73,895	76,958
Allowance for loan losses	(543)	(452)	(443)	(453)	(467)	(520)
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Total loans	216,114		197,219	192,901
Allowance for loan losses	(1,196)	(1,130)	(1,062)	(1,035)	(987)	(1,004)
Construction and Development - Residential and Commercial Receivables [Member]
Financing Receivable, Impaired [Line Items]
Total loans	47,485		37,433	39,845
Allowance for loan losses	(618)	(601)	(393)	(422)	(397)	(523)
Construction and Development - Land Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	3,809		9,221	15,565
Allowance for loan losses	(24)	(33)	(49)	(118)	(158)	(132)
Construction And Development Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	51,294		46,654
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Total loans	543,045		493,929	477,584
Allowance for loan losses	(5,547)	(5,767)	(5,031)	(4,168)	(4,046)	(3,581)
Commercial Farmland [Member]
Financing Receivable, Impaired [Line Items]
Total loans	5,388		12,066	12,058
Allowance for loan losses	(28)	(62)	(66)	(69)	(82)	(9)
Multi-Family Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Total loans	64,050		45,102	45,204
Allowance for loan losses	(412)	(419)	(232)	(284)	(195)	(224)
Commercial - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	5,356		6,164	5,898
Allowance for loan losses	(22)	(33)	(24)	(25)	(23)	(21)
Commercial [Member]
Financing Receivable, Impaired [Line Items]
Total loans	715,716		631,156
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Total loans	19,348		14,884	14,446
Allowance for loan losses	(106)	(101)	(82)	(79)	(87)	(90)
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	15,018		18,363	19,063
Allowance for loan losses	(345)	(359)	(326)	(473)	(407)	(402)
Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	2,081		2,315	2,311
Allowance for loan losses	(24)	$ (24)	(51)	$ (26)	$ (27)	$ (27)
Consumer Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	$ 36,447		$ 35,562

Loans Receivable and Related _4

Loans Receivable and Related Allowance for Loan Losses (Narrative) (Detail)	1 Months Ended	3 Months Ended				9 Months Ended		12 Months Ended
	Jul. 31, 2019USD ($)Loan	Jun. 30, 2019USD ($)LoanBank	Dec. 31, 2018USD ($)	Sep. 30, 2018USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2019USD ($)LoanNumberBank	Jun. 30, 2018USD ($)	Sep. 30, 2018USD ($)Number	Dec. 14, 2018USD ($)
Financing Receivable, Impaired [Line Items]
Aggregate book balance, loans receivable		$ 1,019,571,000		$ 910,591,000	$ 901,833,000	$ 1,019,571,000	$ 901,833,000	$ 910,591,000
Commercial real estate loan held for sale		$ 367,000				367,000
Increase (decrease) in provision for loan losses						$ 390,000
Number of commercial real estate loans held for sale | Loan		1				1
Non accrual loans interest income		$ 18,000			7,000	$ 31,000	39,000
Loans past due 90 days or more and still accruing interest		228,000		374,000		$ 228,000		$ 374,000
Number of loans | Number						21		18
Recorded Investment		12,466,000		18,929,000		$ 12,466,000		$ 18,929,000
Allowance for loan losses				1,300,000
Amount of loans charged down			$ 1,200,000
Provisions		$ 56,000			589,000	$ 2,379,000	829,000	954,000
Number of peer banks | Bank		10				10
Nonperforming Financing Receivable [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment		$ 642,000		289,000		$ 642,000		289,000	$ 7,000,000
Increase (decrease) in recorded Investment						5,200,000
Other Real Estate Owned [Member]
Financing Receivable, Impaired [Line Items]
Loans charged down, fair value			$ 5,800,000
Increase (decrease) in recorded Investment						(6,500,000)
One Commercial Real Estate Loan [Member]
Financing Receivable, Impaired [Line Items]
Commercial real estate loan held for sale		367,000				367,000
Increase (decrease) in provision for loan losses		(17,000)
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Aggregate book balance, loans receivable		543,045,000		493,929,000	477,584,000	$ 543,045,000	477,584,000	$ 493,929,000
Number of loans | Number						3		4
Recorded Investment		9,748,000		16,889,000		$ 9,748,000		$ 16,889,000
Amount of loans charged down						1,200,000
Provisions		(238,000)			122,000	1,870,000	798,000	1,715,000
Construction and Development - Residential and Commercial Receivables [Member]
Financing Receivable, Impaired [Line Items]
Aggregate book balance, loans receivable		47,485,000		37,433,000	39,845,000	47,485,000	39,845,000	37,433,000
Provisions		17,000			$ 25,000	225,000	$ (101,000)	(130,000)
Real estate through foreclosure		$ 51,000		$ 1,400,000		$ 51,000		$ 1,400,000
Subsequent Event [Member]
Financing Receivable, Impaired [Line Items]
Number of commercial real estate loans held for sale sold | Loan	1
Subsequent Event [Member] | One Commercial Real Estate Loan [Member]
Financing Receivable, Impaired [Line Items]
Aggregate book balance, loans receivable	$ 367,000
Gain on sale of loans	17,000
Net proceeds from sale	$ 384,000

Loans Receivable and Related _5

Loans Receivable and Related Allowance for Loan Losses (1) (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Sep. 30, 2018
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning Balance	$ 10,016	$ 8,465	$ 9,021	$ 8,405	$ 8,405
Charge-offs		(50)	(1,431)	(333)	(471)
Recoveries	34	20	137	123	133
Provisions	56	589	2,379	829	954
Allowance for credit losses, Ending Balance	10,106	9,024	10,106	9,024	9,021
Allowance for credit losses: Ending balance: individually evaluated for impairment	249	804	249	804	1,577
Allowance for credit losses: Ending balance: collectively evaluated for impairment	9,857	8,220	9,857	8,220	7,444
Loans receivable	1,019,571	901,833	1,019,571	901,833	910,591
Loans receivable: Ending balance: individually evaluated for impairment	14,014	20,717	14,014	20,717	21,328
Loans Receivable: Ending balance: collectively evaluated for impairment	1,005,557	881,116	1,005,557	881,116	889,263
Commercial and Industrial [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning Balance	452	467	443	520	520
Charge-offs		(45)		(45)	(45)
Recoveries	1	1	4	3	4
Provisions	90	30	96	(25)	(36)
Allowance for credit losses, Ending Balance	543	453	543	453	443
Allowance for credit losses: Ending balance: collectively evaluated for impairment	543	453	543	453	443
Loans receivable	97,877	76,958	97,877	76,958	73,895
Loans Receivable: Ending balance: collectively evaluated for impairment	97,877	76,958	97,877	76,958	73,895
Residential Mortgage [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning Balance	1,130	987	1,062	1,004	1,004
Charge-offs			(17)	(6)	(60)
Recoveries			79	58	58
Provisions	66	48	72	(21)	60
Allowance for credit losses, Ending Balance	1,196	1,035	1,196	1,035	1,062
Allowance for credit losses: Ending balance: individually evaluated for impairment	3		3
Allowance for credit losses: Ending balance: collectively evaluated for impairment	1,193	1,035	1,193	1,035	1,062
Loans receivable	216,114	192,901	216,114	192,901	197,219
Loans receivable: Ending balance: individually evaluated for impairment	3,571	2,438	3,571	2,438	3,148
Loans Receivable: Ending balance: collectively evaluated for impairment	212,543	190,463	212,543	190,463	194,071
Construction and Development - Residential and Commercial Receivables [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning Balance	601	397	393	523	523
Provisions	17	25	225	(101)	(130)
Allowance for credit losses, Ending Balance	618	422	618	422	393
Allowance for credit losses: Ending balance: collectively evaluated for impairment	618	422	618	422	393
Loans receivable	47,485	39,845	47,485	39,845	37,433
Loans Receivable: Ending balance: collectively evaluated for impairment	47,485	39,845	47,485	39,845	37,433
Construction and Development - Land Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning Balance	33	158	49	132	132
Provisions	(9)	(40)	(25)	(14)	(83)
Allowance for credit losses, Ending Balance	24	118	24	118	49
Allowance for credit losses: Ending balance: collectively evaluated for impairment	24	118	24	118	49
Loans receivable	3,809	15,565	3,809	15,565	9,221
Loans receivable: Ending balance: individually evaluated for impairment		79		79	76
Loans Receivable: Ending balance: collectively evaluated for impairment	3,809	15,486	3,809	15,486	9,145
Commercial Farmland [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning Balance	62	82	66	9	9
Provisions	(34)	(13)	(38)	60	57
Allowance for credit losses, Ending Balance	28	69	28	69	66
Allowance for credit losses: Ending balance: collectively evaluated for impairment	28	69	28	69	66
Loans receivable	5,388	12,058	5,388	12,058	12,066
Loans Receivable: Ending balance: collectively evaluated for impairment	5,388	12,058	5,388	12,058	12,066
Multi-Family Real Estate [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning Balance	419	195	232	224	224
Provisions	(7)	89	180	60	8
Allowance for credit losses, Ending Balance	412	284	412	284	232
Allowance for credit losses: Ending balance: collectively evaluated for impairment	412	284	412	284	232
Loans receivable	64,050	45,204	64,050	45,204	45,102
Loans Receivable: Ending balance: collectively evaluated for impairment	64,050	45,204	64,050	45,204	45,102
Commercial - Other Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning Balance	33	23	24	21	21
Provisions	(11)	2	(2)	4	3
Allowance for credit losses, Ending Balance	22	25	22	25	24
Allowance for credit losses: Ending balance: collectively evaluated for impairment	22	25	22	25	24
Loans receivable	5,356	5,898	5,356	5,898	6,164
Loans Receivable: Ending balance: collectively evaluated for impairment	5,356	5,898	5,356	5,898	6,164
Consumer - Home Equity Lines of Credit [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning Balance	101	87	82	90	90
Recoveries			1	1	1
Provisions	5	(8)	23	(12)	(9)
Allowance for credit losses, Ending Balance	106	79	106	79	82
Allowance for credit losses: Ending balance: collectively evaluated for impairment	106	79	106	79	82
Loans receivable	19,348	14,446	19,348	14,446	14,884
Loans receivable: Ending balance: individually evaluated for impairment	31	34	31	34	34
Loans Receivable: Ending balance: collectively evaluated for impairment	19,317	14,412	19,317	14,412	14,850
Consumer - Second Mortgages Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning Balance	359	407	326	402	402
Charge-offs		(5)	(1)	(59)	(88)
Recoveries	8	18	22	46	52
Provisions	(22)	53	(2)	84	(40)
Allowance for credit losses, Ending Balance	345	473	345	473	326
Allowance for credit losses: Ending balance: individually evaluated for impairment	169	233	169	233	103
Allowance for credit losses: Ending balance: collectively evaluated for impairment	176	240	176	240	223
Loans receivable	15,018	19,063	15,018	19,063	18,363
Loans receivable: Ending balance: individually evaluated for impairment	663	661	663	661	635
Loans Receivable: Ending balance: collectively evaluated for impairment	14,355	18,402	14,355	18,402	17,728
Consumer - Other Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning Balance	24	27	51	27	27
Charge-offs			(37)	(2)	(2)
Recoveries	7	1	9	5	7
Provisions	(7)	(2)	1	(4)	19
Allowance for credit losses, Ending Balance	24	26	24	26	51
Allowance for credit losses: Ending balance: individually evaluated for impairment	1	1	1	1	26
Allowance for credit losses: Ending balance: collectively evaluated for impairment	23	25	23	25	25
Loans receivable	2,081	2,311	2,081	2,311	2,315
Loans receivable: Ending balance: individually evaluated for impairment	1	1	1	1	26
Loans Receivable: Ending balance: collectively evaluated for impairment	2,080	2,310	2,080	2,310	2,289
Unallocated [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning Balance	1,035	1,589	1,262	1,872	1,872
Provisions	206	283	(21)		(610)
Allowance for credit losses, Ending Balance	1,241	1,872	1,241	1,872	1,262
Allowance for credit losses: Ending balance: collectively evaluated for impairment	1,241	1,872	1,241	1,872	1,262
Commercial Real Estate [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning Balance	5,767	4,046	5,031	3,581	3,581
Charge-offs			(1,376)	(221)	(276)
Recoveries	18		22	10	11
Provisions	(238)	122	1,870	798	1,715
Allowance for credit losses, Ending Balance	5,547	4,168	5,547	4,168	5,031
Allowance for credit losses: Ending balance: individually evaluated for impairment	76	570	76	570	1,448
Allowance for credit losses: Ending balance: collectively evaluated for impairment	5,471	3,598	5,471	3,598	3,583
Loans receivable	543,045	477,584	543,045	477,584	493,929
Loans receivable: Ending balance: individually evaluated for impairment	9,748	17,504	9,748	17,504	17,409
Loans Receivable: Ending balance: collectively evaluated for impairment	$ 533,297	$ 460,080	$ 533,297	$ 460,080	$ 476,520

Loans Receivable and Related _6

Loans Receivable and Related Allowance for Loan Losses (2) (Detail) - USD ($) $ in Thousands	Jun. 30, 2019	Sep. 30, 2018
Financing Receivable, Impaired [Line Items]
Impaired Loans With Specific Allowance, Recorded Investment	$ 9,598	$ 16,489
Impaired Loans With Specific Allowance, Related Allowance	249	1,577
Impaired Loans With No Specific Allowance, Recorded Investment	4,416	4,839
Total Impaired Loans Recorded Investment	14,014	21,328
Total Impaired Loans Unpaid Principal Balance	14,234	21,888
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans With Specific Allowance, Recorded Investment	198
Impaired Loans With Specific Allowance, Related Allowance	3
Impaired Loans With No Specific Allowance, Recorded Investment	3,373	3,148
Total Impaired Loans Recorded Investment	3,571	3,148
Total Impaired Loans Unpaid Principal Balance	3,723	3,337
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans With Specific Allowance, Recorded Investment	9,213	16,343
Impaired Loans With Specific Allowance, Related Allowance	76	1,448
Impaired Loans With No Specific Allowance, Recorded Investment	535	1,066
Total Impaired Loans Recorded Investment	9,748	17,409
Total Impaired Loans Unpaid Principal Balance	9,748	17,685
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans With No Specific Allowance, Recorded Investment	31	34
Total Impaired Loans Recorded Investment	31	34
Total Impaired Loans Unpaid Principal Balance	33	34
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans With Specific Allowance, Recorded Investment	186	120
Impaired Loans With Specific Allowance, Related Allowance	169	103
Impaired Loans With No Specific Allowance, Recorded Investment	477	515
Total Impaired Loans Recorded Investment	663	635
Total Impaired Loans Unpaid Principal Balance	729	730
Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans With Specific Allowance, Recorded Investment	1	26
Impaired Loans With Specific Allowance, Related Allowance	1	26
Total Impaired Loans Recorded Investment	1	26
Total Impaired Loans Unpaid Principal Balance	$ 1	26
Construction and Development - Land Receivable [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans With No Specific Allowance, Recorded Investment		76
Total Impaired Loans Recorded Investment		76
Total Impaired Loans Unpaid Principal Balance		$ 76

Loans Receivable and Related _7

Loans Receivable and Related Allowance for Loan Losses (3) (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	$ 14,328	$ 20,626	$ 24,161	$ 11,823
Interest Income Recognized on Impaired Loans	99	134	305	180
Commercial and Industrial [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans		124		184
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	3,577	2,408	5,372	2,417
Interest Income Recognized on Impaired Loans	21	17	69	38
Construction and Development - Land Receivable [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	44	80	93	86
Interest Income Recognized on Impaired Loans		2	2	4
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	10,007	17,322	17,650	8,512
Interest Income Recognized on Impaired Loans	76	113	227	132
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	32	33	55	18
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	667	658	977	605
Interest Income Recognized on Impaired Loans	2	2	7	6
Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	$ 1	$ 1	$ 14	$ 1

Loans Receivable and Related _8

Loans Receivable and Related Allowance for Loan Losses (4) (Detail) - USD ($) $ in Thousands	Jun. 30, 2019	Sep. 30, 2018	Jun. 30, 2018
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	$ 1,019,571	$ 910,591	$ 901,833
Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	989,026	885,863
Special Mention [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	15,135	1,052
Substandard [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	15,410	23,676
Commercial and Industrial [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	97,877	73,895	76,958
Commercial and Industrial [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	97,738	73,738
Commercial and Industrial [Member] | Substandard [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	139	157
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	216,114	197,219	192,901
Residential Mortgage [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	212,409	193,584
Residential Mortgage [Member] | Substandard [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	3,705	3,635
Construction and Development - Residential and Commercial Receivables [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	47,485	37,433	39,845
Construction and Development - Residential and Commercial Receivables [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	47,485	37,433
Construction and Development - Land Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	3,809	9,221	15,565
Construction and Development - Land Receivable [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	3,809	9,146
Construction and Development - Land Receivable [Member] | Substandard [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross		75
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	543,045	493,929	477,584
Commercial Real Estate [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	517,828	474,232
Commercial Real Estate [Member] | Special Mention [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	14,643	949
Commercial Real Estate [Member] | Substandard [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	10,574	18,748
Commercial Farmland [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	5,388	12,066	12,058
Commercial Farmland [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	5,388	12,066
Multi-Family Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	64,050	45,102	45,204
Multi-Family Real Estate [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	63,645	45,102
Multi-Family Real Estate [Member] | Special Mention [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	405
Commercial - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	5,356	6,164	5,898
Commercial - Other Receivable [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	5,356	6,164
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	19,348	14,884	14,446
Consumer - Home Equity Lines of Credit [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	19,223	14,707
Consumer - Home Equity Lines of Credit [Member] | Substandard [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	125	177
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	15,018	18,363	19,063
Consumer - Second Mortgages Receivable [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	14,065	17,402
Consumer - Second Mortgages Receivable [Member] | Special Mention [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	87	103
Consumer - Second Mortgages Receivable [Member] | Substandard [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	866	858
Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	2,081	2,315	$ 2,311
Consumer - Other Receivable [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	2,080	2,289
Consumer - Other Receivable [Member] | Substandard [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	$ 1	$ 26

Loans Receivable and Related _9

Loans Receivable and Related Allowance for Loan Losses (5) (Detail) - USD ($) $ in Thousands	Jun. 30, 2019	Sep. 30, 2018
Financing Receivable, Impaired [Line Items]
Total non-accrual loans	$ 2,189	$ 2,687
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Total non-accrual loans	1,850	1,817
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	31	34
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total non-accrual loans	307	290
Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total non-accrual loans	$ 1	$ 26

Loans Receivable and Related_10

Loans Receivable and Related Allowance for Loan Losses (6) (Detail) - USD ($) $ in Thousands	Jun. 30, 2019	Sep. 30, 2018	Jun. 30, 2018
Financing Receivable, Impaired [Line Items]
Current	$ 1,016,501	$ 898,519
Past Due	3,070	12,072
Total Loans Receivable	1,019,571	910,591	$ 901,833
Accruing 90 Days or More Past Due	228	374
30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	790	1,027
60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	632	8,139
Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	1,648	2,906
Commercial and Industrial [Member]
Financing Receivable, Impaired [Line Items]
Current	97,877	73,895
Total Loans Receivable	97,877	73,895	76,958
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Current	213,809	193,727
Past Due	2,305	3,492
Total Loans Receivable	216,114	197,219	192,901
Accruing 90 Days or More Past Due	228	339
Residential Mortgage [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	262	450
Residential Mortgage [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	532	1,016
Residential Mortgage [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	1,511	2,026
Construction and Development - Residential and Commercial Receivables [Member]
Financing Receivable, Impaired [Line Items]
Current	47,485	37,433
Total Loans Receivable	47,485	37,433	39,845
Construction and Development - Land Receivable [Member]
Financing Receivable, Impaired [Line Items]
Current	3,809	9,221
Total Loans Receivable	3,809	9,221	15,565
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Current	543,045	485,886
Past Due		8,043
Total Loans Receivable	543,045	493,929	477,584
Commercial Real Estate [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due		449
Commercial Real Estate [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due		7,019
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	5,388	12,066
Total Loans Receivable	5,388	12,066	12,058
Multi-Family Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Current	64,050	45,102
Total Loans Receivable	64,050	45,102	45,204
Commercial - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Current	5,356	6,164
Total Loans Receivable	5,356	6,164	5,898
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Current	19,317	14,815
Past Due	31	69
Total Loans Receivable	19,348	14,884	14,446
Accruing 90 Days or More Past Due		35
Consumer - Home Equity Lines of Credit [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	31	69
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Current	14,286	17,928
Past Due	732	435
Total Loans Receivable	15,018	18,363	19,063
Consumer - Second Mortgages Receivable [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	528	121
Consumer - Second Mortgages Receivable [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	98	103
Consumer - Second Mortgages Receivable [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	106	211
Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Current	2,079	2,282
Past Due	2	33
Total Loans Receivable	2,081	2,315	$ 2,311
Consumer - Other Receivable [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due		7
Consumer - Other Receivable [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	$ 2	1
Consumer - Other Receivable [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due		$ 25

Loans Receivable and Related_11

Loans Receivable and Related Allowance for Loan Losses (Details 7) (Detail) $ in Thousands	9 Months Ended	12 Months Ended
	Jun. 30, 2019USD ($)Number	Sep. 30, 2018USD ($)Number
Financing Receivable, Impaired [Line Items]
Total Troubled Debt Restructurings, Number of Loans | Number	21	18
Total Troubled Debt Restructurings, Recorded Investment | $	$ 12,466	$ 18,929
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Number of Loans | Number	5	3
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Recorded Investment | $	$ 642	$ 289
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Total Troubled Debt Restructurings, Number of Loans | Number	14	10
Total Troubled Debt Restructurings, Recorded Investment | $	$ 2,504	$ 1,816
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Number of Loans | Number	4	3
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Recorded Investment | $	$ 596	$ 289
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Total Troubled Debt Restructurings, Number of Loans | Number	3	4
Total Troubled Debt Restructurings, Recorded Investment | $	$ 9,748	$ 16,889
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total Troubled Debt Restructurings, Number of Loans | Number	4	3
Total Troubled Debt Restructurings, Recorded Investment | $	$ 214	$ 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 | $	$ 46
Construction and Development - Land Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total Troubled Debt Restructurings, Number of Loans | Number		1
Total Troubled Debt Restructurings, Recorded Investment | $		$ 76

Loans Receivable and Related_12

Loans Receivable and Related Allowance for Loan Losses (8) (Detail) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 14, 2018	Sep. 30, 2018
Recorded Investment	$ 12,466		$ 18,929
Performing Financing Receivable [Member]
Recorded Investment	11,824		18,640
Nonperforming Financing Receivable [Member]
Recorded Investment	642	$ 7,000	289
Residential Mortgage [Member]
Recorded Investment	2,504		1,816
Residential Mortgage [Member] | Performing Financing Receivable [Member]
Recorded Investment	1,908		1,527
Residential Mortgage [Member] | Nonperforming Financing Receivable [Member]
Recorded Investment	596		289
Construction and Development - Land Receivable [Member]
Recorded Investment			76
Construction and Development - Land Receivable [Member] | Performing Financing Receivable [Member]
Recorded Investment			76
Commercial Real Estate [Member]
Recorded Investment	9,748		16,889
Commercial Real Estate [Member] | Performing Financing Receivable [Member]
Recorded Investment	9,748		16,889
Consumer - Second Mortgages Receivable [Member]
Recorded Investment	214		148
Consumer - Second Mortgages Receivable [Member] | Performing Financing Receivable [Member]
Recorded Investment	168		$ 148
Consumer - Second Mortgages Receivable [Member] | Nonperforming Financing Receivable [Member]
Recorded Investment	$ 46

Loans Receivable and Related_13

Loans Receivable and Related Allowance for Loan Losses (9) (Detail) $ in Thousands	3 Months Ended	9 Months Ended
	Jun. 30, 2018USD ($)Number	Jun. 30, 2019USD ($)Number	Jun. 30, 2018USD ($)Number
Financing Receivable, Impaired [Line Items]
Number of Contracts | Number	1	5	4
Pre-Modifications Outstanding Recorded Investment	$ 47	$ 812	$ 16,667
Post-Modification Outstanding Recorded Investment	$ 47	$ 780	$ 16,629
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Number of Contracts | Number	1	4	2
Pre-Modifications Outstanding Recorded Investment	$ 47	$ 732	$ 250
Post-Modification Outstanding Recorded Investment	$ 47	$ 704	$ 250
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Number of Contracts | Number			2
Pre-Modifications Outstanding Recorded Investment			$ 16,417
Post-Modification Outstanding Recorded Investment			$ 16,379
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Number of Contracts | Number		1
Pre-Modifications Outstanding Recorded Investment		$ 80
Post-Modification Outstanding Recorded Investment		$ 76

Regulatory Matters (Narrative)

Regulatory Matters (Narrative) (Detail) - $ / shares	3 Months Ended	9 Months Ended
	Jun. 30, 2019	Jun. 30, 2019	Mar. 14, 2019	Sep. 30, 2018	Jan. 02, 2017	Jan. 02, 2015
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Percentage of repurchase of outstanding common stock as condition warrant			2.50%
Stock repurchased during period, shares	16,699	16,863
Average cost per share	$ 19.94	$ 19.95
Malvern Federal Savings Bank [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Common equity Tier 1 capital ratio	4.50%	4.50%		4.50%	7.00%	4.00%
Tier 1 capital ratio	6.00%	6.00%		6.00%	8.50%	6.00%
Tier 1 Capital coservation buffer					2.50%
Total capital ratio	16.00%	16.00%		16.13%	10.50%
Capital conservation buffer percentage of risk-weighted assets					0.625%
Maximum [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Stock repurchase plan, number of shares authorized			194,516

Regulatory Matters (Detail)

Regulatory Matters (Detail) - USD ($) $ in Thousands	Jun. 30, 2019	Sep. 30, 2018	Jan. 02, 2017	Jan. 02, 2015
Parent Company [Member]
Capital (to adjusted tangible assets): Actual Amount	$ 139,668	$ 110,239
Common equity Tier 1(to risk-weighted assets): Actual Amount	139,668	110,239
Tier 1 Capital (to risk-weighted assets): Actual Amount	139,668	110,239
Total Capital (to risk-weighted assets): Actual Amount	$ 174,424	$ 143,787
Capital (to adjusted tangible assets): Actual Ratio	11.51%	10.63%
Common equity Tier 1(to risk-weighted assets): Actual Ratio	13.94%	12.62%
Tier 1 Capital (to risk-weighted assets): Actual Ratio	13.94%	12.62%
Total Capital (to risk-weighted assets): Actual Ratio	17.41%	16.45%
Capital (to adjusted tangible assets): For Capital Adequacy Purposes Amount	$ 48,552	$ 41,491
Common Equity Tier 1 Capital (to risk weighted assets)	48,076	39,322
Tier 1 Capital (to risk weighted assets)	60,101	52,430
Total Capital (to risk weighted assets)	$ 80,134	$ 69,906
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	$ 60,690	$ 51,864
Common Equity Tier 1 Capital (to risk weighted assets)	65,109	56,799
Tier 1 Capital (to risk weighted assets)	80,134	69,906
Total Capital (to risk weighted assets)	$ 100,168	$ 87,383
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	$ 149,934	$ 131,746
Common equity Tier 1(to risk-weighted assets): Actual Amount	149,934	131,746
Tier 1 Capital (to risk-weighted assets): Actual Amount	149,934	131,746
Total Capital (to risk-weighted assets): Actual Amount	$ 160,111	$ 140,833
Capital (to adjusted tangible assets): Actual Ratio	12.36%	12.71%
Common equity Tier 1(to risk-weighted assets): Actual Ratio	14.98%	15.09%
Tier 1 Capital (to risk-weighted assets): Actual Ratio	14.98%	15.09%
Total Capital (to risk-weighted assets): Actual Ratio	16.00%	16.13%	10.50%
Capital (to adjusted tangible assets): For Capital Adequacy Purposes Amount	$ 48,514	$ 41,450
Common Equity Tier 1 Capital (to risk weighted assets)	45,030	39,293
Tier 1 Capital (to risk weighted assets)	60,040	52,390
Total Capital (to risk weighted assets)	$ 80,054	$ 69,853
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	$ 60,643	$ 51,812
Common Equity Tier 1 Capital (to risk weighted assets)	65,043	56,756
Tier 1 Capital (to risk weighted assets)	80,054	69,853
Total Capital (to risk weighted assets)	$ 100,067	$ 87,317
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%

Derivatives and Hedging Activ_3

Derivatives and Hedging Activities (Narrative) (Detail) - USD ($)	9 Months Ended
	Jun. 30, 2019	Sep. 30, 2018
Derivative [Line Items]
Minimum collateral posting thresholds with derivative counterparties	$ 3,800,000	$ 0
Interest Rate Swap [Member]
Derivative [Line Items]
Estimated interest expense	$ 77,000

Derivatives and Hedging Activ_4

Derivatives and Hedging Activities (Detail) - Interest Rate Swap Agreements [Member] - USD ($) $ in Thousands	Jun. 30, 2019	Sep. 30, 2018
Designated as Hedging Instrument [Member] | Other Assets [Member]
Notional Amount, Asset Derivatives	$ 35,000	$ 65,000
Fair Value	202	$ 1,245
Designated as Hedging Instrument [Member] | Other Liabilities [Member]
Notional Amount, Liability Derivatives	30,000
Fair Value	724
Derivatives Not Designated As Hedging Instrument [Member] | Other Assets [Member]
Notional Amount, Asset Derivatives	25,350
Fair Value	3,309
Derivatives Not Designated As Hedging Instrument [Member] | Other Liabilities [Member]
Notional Amount, Liability Derivatives	25,350
Fair Value	$ 3,311

Derivatives and Hedging Activ_5

Derivatives and Hedging Activities - Schedule of Offsetting of Derivative Assets and Liabilities (Detail) - USD ($) $ in Thousands	Jun. 30, 2019	Sep. 30, 2018
Offsetting of Derivative Assets
Gross Amounts of Recognized Assets	$ 3,511	$ 1,245
Net Amounts of Assets presented in the Statement of Financial Condition	3,511	1,245
Gross Amounts Not Offset in the Statements of Financial Condition, Financial Instruments	265	$ 1,245
Gross Amounts Not Offset in the Statements of Financial Condition, Net Amount	3,246
Offsetting of Derivative Liabilities
Gross Amounts of Recognized Liabilities	4,035
Net Amounts of Liabilities presented in the Statement of Financial Condition	4,035
Gross Amounts Not Offset in the Statements of Financial Condition, Financial Instruments	739
Gross Amounts Not Offset in the Statements of Financial Condition, Net Amount	$ 3,296

Derivatives and Hedging Activ_6

Derivatives and Hedging Activities - Statement of Operations Relating to The Cash Flow Derivative Instrument. (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Derivative [Line Items]
Amount of Gain (Loss) Recognized in OCI on Derivative	$ (578)	$ 313	$ (1,514)	$ 809
Amount of Gain Reclassified from OCI to Interest Expense	86	59	253	59
Interest Rate Swap Agreements [Member]
Derivative [Line Items]
Amount of Gain (Loss) Recognized in OCI on Derivative	(578)	313	(1,514)	809
Amount of Gain Reclassified from OCI to Interest Expense	$ 86	$ 59	$ 253	$ 59

Derivatives and Hedging Activ_7

Derivatives and Hedging Activities - Schedule of Effects of Derivative Instruments on Consolidated Statements of Operations (Detail) - Derivatives Not Designated As Hedging Instrument [Member] $ in Thousands	9 Months Ended
	Jun. 30, 2019USD ($)
Amount of Gain (Loss) Recognized in Income on derivatives	$ (2)
Interest Rate Swap Agreements [Member] | Other Income
Amount of Gain (Loss) Recognized in Income on derivatives	$ (2)

Fair Value Measurements (Detail

Fair Value Measurements (Detail) - USD ($) $ in Thousands	Jun. 30, 2019	Sep. 30, 2018
Assets
Investment securities available for sale, at fair value	$ 23,552
Derivative assets	3,511	$ 1,245
Liabilities
Derivative instruments	4,035
Fair Value, Measurements, Recurring [Member]
Assets
Investment securities available for sale, at fair value	23,552	24,298
Derivative assets	3,511	1,245
Liabilities
Derivative instruments	4,035
Fair Value, Measurements, Recurring [Member] | U. S. Government Agencies [Member]
Assets
Investment securities available for sale, at fair value	7,001
Fair Value, Measurements, Recurring [Member] | State And Municipal Obligations [Member]
Assets
Investment securities available for sale, at fair value	5,991	6,887
Fair Value, Measurements, Recurring [Member] | Single Issuer Trust Preferred Security [Member]
Assets
Investment securities available for sale, at fair value	901	921
Fair Value, Measurements, Recurring [Member] | Corporate Debt Securities [Member]
Assets
Investment securities available for sale, at fair value	9,409	6,254
Fair Value, Measurements, Recurring [Member] | Mutual Fund [Member]
Assets
Investment securities available for sale, at fair value	250	250
Fair Value, Measurements, Recurring [Member] | U.S. Treasury Notes [Member]
Assets
Investment securities available for sale, at fair value		9,986
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 1 [Member] | U.S. Treasury Notes [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	23,302	14,062
Derivative assets	3,511	1,245
Liabilities
Derivative instruments	4,035
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | U. S. Government Agencies [Member]
Assets
Investment securities available for sale, at fair value	7,001
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | State And Municipal Obligations [Member]
Assets
Investment securities available for sale, at fair value	5,991	6,887
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Single Issuer Trust Preferred Security [Member]
Assets
Investment securities available for sale, at fair value	901	921
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Corporate Debt Securities [Member]
Assets
Investment securities available for sale, at fair value	9,409	6,254
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] | Fair Value, Inputs, Level 3 [Member] | Mutual Fund [Member]
Assets
Investment securities available for sale, at fair value	$ 250	$ 250

Fair Value Measurements (1) (De

Fair Value Measurements (1) (Detail) $ in Thousands	Jun. 30, 2019USD ($)	Sep. 30, 2018USD ($)
Fair Value, Inputs, Level 3 [Member] | Minimum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Real Estate Owned, Measurement Input	0
Impaired Loans, Measurement Input	0.12	0.08
Fair Value, Inputs, Level 3 [Member] | Maximum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Real Estate Owned, Measurement Input	0
Impaired Loans, Measurement Input	0.12	0.12
Fair Value, Inputs, Level 3 [Member] | Weighted Average [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Real Estate Owned, Measurement Input	0
Impaired Loans, Measurement Input	0.12	0.079
Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value, nonrecurring basis	$ 15,512	$ 15,611
Fair Value, Measurements, Nonrecurring [Member] | Loans Held For Sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value, nonrecurring basis	367
Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value, nonrecurring basis	5,796
Fair Value, Measurements, Nonrecurring [Member] | Impaired Loans Net [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value, nonrecurring basis	9,349	15,611
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value, nonrecurring basis	367
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member] | Loans Held For Sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value, nonrecurring basis	367
Fair Value, Measurements, Nonrecurring [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	15,145
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Other Real Estate Owned [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value, nonrecurring basis	5,796
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Impaired Loans Net [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value, nonrecurring basis	$ 9,349	$ 15,611

Fair Value Measurements (Narrat

Fair Value Measurements (Narrative) (Detail) - USD ($) $ in Thousands	Jun. 30, 2019	Sep. 30, 2018
Fair Value Disclosures [Abstract]
Impaired Loans with aggregate balance	$ 9,598	$ 16,489
Impaired Loans with specific loan loss allowance	$ 249	$ 1,577

Fair Value Measurements (2) (De

Fair Value Measurements (2) (Detail) - USD ($) $ in Thousands	Jun. 30, 2019	Sep. 30, 2018
Financial assets:
Investment securities available for sale, at fair value	$ 23,552
Investment securities held to maturity, fair value	23,309	$ 28,968
Derivatives (included in Other Assets)	3,511	1,245
Financial liabilities:
Subordinated debt	24,579	24,461
Derivatives (included in Other Liabilities)	4,035
Carrying Amount [Member]
Financial assets:
Cash and cash equivalents	150,036	30,834
Investment securities available for sale, at fair value	23,552	24,298
Investment securities held to maturity, fair value	23,323	30,092
Loans held for sale (included in Other Assets)	367
Loans receivable, net (including impaired loans)	1,009,959	902,136
Accrued interest receivable	4,237	3,800
Restricted stock	10,404	8,537
Mortgage servicing rights (included in Other Assets)	192	223
Derivatives (included in Other Assets)	3,511	1,245
Financial liabilities:
Savings accounts	43,334	44,642
Checking and NOW accounts	337,135	225,750
Money market accounts	288,561	270,834
Certificates of deposit	288,169	232,937
Borrowings (excluding sub debt)	133,000	120,500
Subordinated debt	24,579	24,461
Derivatives (included in Other Liabilities)	4,035
Accrued interest payable	1,443	784
Fair Value [Member]
Financial assets:
Cash and cash equivalents	150,036	30,834
Investment securities available for sale, at fair value	23,552	24,298
Investment securities held to maturity, fair value	23,309	28,968
Loans held for sale (included in Other Assets)	367
Loans receivable, net (including impaired loans)	1,017,026	893,520
Accrued interest receivable	4,237	3,800
Restricted stock	10,404	8,537
Mortgage servicing rights (included in Other Assets)	196	268
Derivatives (included in Other Assets)	3,511	1,245
Financial liabilities:
Savings accounts	43,334	44,642
Checking and NOW accounts	337,135	225,750
Money market accounts	288,561	270,834
Certificates of deposit	290,385	234,398
Borrowings (excluding sub debt)	133,476	120,420
Subordinated debt	24,579	24,461
Derivatives (included in Other Liabilities)	4,035
Accrued interest payable	1,443	784
Fair Value, Inputs, Level 1 [Member] | Fair Value [Member]
Financial assets:
Cash and cash equivalents	150,036	30,834
Investment securities available for sale, at fair value		9,986
Loans held for sale (included in Other Assets)	367
Fair Value, Inputs, Level 2 [Member] | Fair Value [Member]
Financial assets:
Investment securities available for sale, at fair value	23,302	14,062
Investment securities held to maturity, fair value	23,309	28,968
Accrued interest receivable	4,237	3,800
Restricted stock	10,404	8,537
Mortgage servicing rights (included in Other Assets)	196	268
Derivatives (included in Other Assets)	3,511	1,245
Financial liabilities:
Savings accounts	43,334	44,642
Checking and NOW accounts	337,135	225,750
Money market accounts	288,561	270,834
Certificates of deposit	290,385	234,398
Borrowings (excluding sub debt)	133,476	120,420
Subordinated debt	24,579	24,461
Derivatives (included in Other Liabilities)	4,035
Accrued interest payable	1,443	784
Fair Value, Inputs, Level 3 [Member] | Fair Value [Member]
Financial assets:
Investment securities available for sale, at fair value	250	250
Loans receivable, net (including impaired loans)	$ 1,017,026	$ 893,520

Comprehensive Income (Loss) (De

Comprehensive Income (Loss) (Detail) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Jun. 30, 2019	Sep. 30, 2018
Equity [Abstract]
Net unrealized holding losses on available-for-sale securities	$ (231)	$ (506)
Tax effect	48	106
Net of tax amount	(183)	(400)
Fair value adjustments on derivatives	(522)	1,245
Tax effect	110	(261)
Net of tax amount	(412)	984
Total accumulated other comprehensive (loss) income	$ (595)	$ 584

Comprehensive Income (Loss) (1)

Comprehensive Income (Loss) (1) (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Equity [Abstract]
Unrealized holding gains (losses) on available-for-sale securities	$ 177	$ 34	$ 298	$ (185)
Reclassification adjustment for net gains arising during the period	(27)		(27)
Amortization of unrealized holding losses on securities transferred from available-for-sale to held-to-maturity	1	1	4	7
Fair value adjustments on derivatives	(664)	253	(1,767)	748
Other comprehensive (loss) income before taxes	(513)	288	(1,492)	570
Tax effect	108	(56)	313	(139)
Total other comprehensive (loss), income	$ (405)	$ 232	$ (1,179)	$ 431

Equity Based Incentive Compen_3

Equity Based Incentive Compensation Plan (Narrative) (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation			$ 172	$ 82
Stock Option [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted shares	0		7,000
Malvern Bancorp, Inc. 2014 Long Term Incentive Compensation Plan (the 2014 Plan) [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Maximum number of shares available for grants	400,000		400,000
Number of remaining shares available for future grants	347,862		347,862
Description of vesting right			Restricted stock and option awards granted vest in 20% increments beginning on the one year anniversary of the grant date
Malvern Bancorp, Inc. 2014 Long Term Incentive Compensation Plan (the 2014 Plan) [Member] | Stock Option [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted shares	0	0	7,000	4,664
Share-based compensation	$ 7,000	$ 2,000	$ 18,000	$ 11,000
Compensation cost not yet recognized	$ 87,000		$ 87,000
Weighted average period			3 years 8 months 8 days
Malvern Bancorp, Inc. 2014 Long Term Incentive Compensation Plan (the 2014 Plan) [Member] | Restricted Stock [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted shares	3,391	0	12,674	4,768
Share-based compensation	$ 102,000	$ 14,000	$ 154,000	$ 43,000
Compensation cost not yet recognized	$ 359,000		$ 359,000
Weighted average period			3 years 8 months 23 days
Malvern Bancorp, Inc. 2014 Long Term Incentive Compensation Plan (the 2014 Plan) [Member] | First Year Anniversary [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
First vesting percentage			20.00%
First vesting period			1 year

Equity Based Incentive Compen_4

Equity Based Incentive Compensation Plan (Detail) - Malvern Bancorp, Inc. 2014 Long Term Incentive Compensation Plan (the 2014 Plan) [Member] - Stock Option [Member]	9 Months Ended
	Jun. 30, 2019$ / shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Weighted Average Fair Value of Awards	$ 5.72
Risk Free Rate	2.50%
Volatility	20.39%
Expected Life	6 years 6 months

Equity Based Incentive Compen_5

Equity Based Incentive Compensation Plan 1 (Detail) - Stock Option [Member] - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Granted	0		7,000
Malvern Bancorp, Inc. 2014 Long Term Incentive Compensation Plan (the 2014 Plan) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding, beginning of year			15,996
Granted	0	0	7,000	4,664
Forfeited/cancelled/expired			4,166
Outstanding, end of year	18,830		18,830
Exercisable, end of year			4,370
Nonvested, at end of year	14,460		14,460
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward]
Outstanding, beginning of year			$ 22.34
Granted			20.90
Forfeited/cancelled/expired			21.24
Outstanding, end of year	$ 22.05		22.05
Exercisable, end of year			21.02
Nonvested, at end of year	$ 22.36		$ 22.36
Share-based Compensation Arrangement by Share-based Payment Award, Options, Weighted Average Remaining Contractual Life [Roll Forward]
Outstanding, end of year			8 years 5 months 24 days
Exercisable, end of year			7 years 8 months 2 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Aggregate Intrinsic Value [Roll Forward]
Outstanding, beginning of year			$ 41,490
Forfeited/cancelled/expired			4,120
Outstanding, end of year	$ 23,690		23,690
Exercisable, end of year			$ 9,208

Equity Based Incentive Compen_6

Equity Based Incentive Compensation Plan 2 - Restricted Stock Awards (Detail) - Restricted Stock [Member] - Malvern Bancorp, Inc. 2014 Long Term Incentive Compensation Plan (the 2014 Plan) [Member]	9 Months Ended
	Jun. 30, 2019$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Outstanding, beginning of year | shares	14,340
Granted | shares	12,674
Vested | shares	6,749
Forfeited/cancelled/expired | shares	1,772
Outstanding, end of year | shares	18,493
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 | $ / shares	$ 22.95
Granted | $ / shares	20.40
Vested | $ / shares	21.41
Forfeited/cancelled/expired | $ / shares	22.87
Outstanding, end of year | $ / shares	$ 21.78