Malvern Bancorp (MLVF) 10-K 23 Dec 15 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2015	Dec. 23, 2015	Mar. 31, 2015
Document And Entity Information
Entity Registrant Name	MALVERN BANCORP, INC.
Entity Central Index Key	1,550,603
Document Type	10-K
Trading Symbol	MLVF
Document Period End Date	Sep. 30, 2015
Amendment Flag	false
Current Fiscal Year End Date	--09-30
Entity a Well-known Seasoned Issuer	No
Entity a Voluntary Filer	No
Entity's Reporting Status Current	Yes
Entity Filer Category	Accelerated Filer
Entity Public Float			$ 78,000
Entity Common Stock, Shares Outstanding		6,558,473
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,015

Consolidated Statements of Fina

Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Sep. 30, 2015	Sep. 30, 2014
Assets
Cash and due from depository institutions	$ 16,026	$ 1,203
Interest bearing deposits in depository institutions	24,237	17,984
Cash and Cash Equivalents	40,263	19,187
Investment securities available for sale, at fair value	128,354	$ 100,943
Investment securities held to maturity, at cost (fair value of $56,825 and $0, respectively)	57,221
Restricted stock, at cost	4,765	$ 3,503
Loans receivable, net of allowance for loan losses of $4,667 and $4,589, respectively	391,307	386,074
Other real estate owned	1,168	1,964
Accrued interest receivable	2,484	1,322
Property and equipment, net	6,535	6,823
Deferred income taxes, net	2,874	2,376
Bank-owned life insurance	17,905	18,264
Other assets	2,814	1,808
Total Assets	655,690	542,264
Deposits:
Deposits-noninterest-bearing	27,010	23,059
Deposits-interest-bearing	438,512	389,894
Total Deposits	465,522	412,953
FHLB advances	103,000	48,000
Advances from borrowers for taxes and insurance	1,806	1,786
Accrued interest payable	396	149
Other liabilities	3,575	2,604
Total Liabilities	$ 574,299	$ 465,492
Commitments and Contingencies
Shareholders' Equity
Preferred stock, $0.01 par value, 10,000,000 shares authorized, none issued
Common stock, $0.01 par value, 40,000,000 shares authorized, issued and outstanding: 6,558,473	$ 66	$ 66
Additional paid-in-capital	60,365	60,317
Retained earnings	23,814	20,116
Unearned Employee Stock Ownership Plan (ESOP) shares	(1,775)	(1,922)
Accumulated other comprehensive loss	(1,079)	(1,805)
Total Shareholders' Equity	81,391	76,772
Total Liabilities and Shareholders' Equity	$ 655,690	$ 542,264

Consolidated Statements of Fin3

Consolidated Statements of Financial Condition (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2015	Sep. 30, 2014
Statement of Financial Position [Abstract]
Investment securities held-to-maturity, fair value	$ 56,825	$ 0
Allowance for loan losses	$ 4,667	$ 4,589
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares 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, shares authorized	40,000,000	40,000,000
Common stock, shares issued	6,558,473	6,558,473
Common stock, shares outstanding	6,558,473	6,558,473

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Interest and Dividend Income
Loans, including fees	$ 16,484	$ 17,736	$ 20,172
Investment securities, taxable	3,073	2,109	1,745
Investment securities, tax-exempt	522	145	228
Dividends, restricted stock	311	123	19
Interest-bearing cash accounts	72	54	137
Total Interest and Dividend Income	20,462	20,167	22,301
Interest Expense
Deposits	3,431	3,969	5,279
Long-term borrowings	1,817	1,102	1,665
Total Interest Expense	5,248	5,071	6,944
Net Interest Income	15,214	15,096	15,357
Provision for Loan Losses	90	263	11,235
Net Interest Income after Provision for Loan Losses	15,124	14,833	4,122
Other Income
Service charges and other fees	989	947	1,049
Rental income-other	249	255	251
Gain on sale of investments, net	$ 515	83	479
Loss on disposal of fixed assets		(41)	(1)
Gain (loss) on sale of loans, net	$ 102	352	(94)
Earnings on bank-owned life insurance	680	559	1,176
Total Other Income	2,535	2,155	2,860
Other Expense
Salaries and employee benefits	5,998	7,770	7,806
Occupancy expense	1,715	2,091	2,027
Federal deposit insurance premium	784	735	856
Advertising	239	561	737
Data processing	1,236	1,245	1,269
Professional fees	1,571	2,205	1,756
Other real estate owned expense (recovery), net	$ (46)	$ (299)	1,638
FHLB prepayment penalty			1,543
Other operating expenses	$ 2,464	$ 2,336	2,143
Total Other Expenses	13,961	16,644	19,775
Income (Loss) before income tax expense	$ 3,698	344	(12,793)
Income tax expense		21	6,010
Net Income (Loss)	$ 3,698	$ 323	$ (18,803)
Basic Earnings (Loss) Per Share (in dollars per share)	$ 0.58	$ 0.05	$ (2.96)
Dividends Declared Per Share (in dollars per share)	$ 0	$ 0	$ 0

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands		12 Months Ended
		Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Income Statement [Abstract]
Net Income (Loss)		$ 3,698	$ 323	$ (18,803)
Other Comprehensive Income(Loss), Net of Tax:
Unrealized holding gains (losses) on available-for-sale securities		2,120	1,419	(4,565)
Tax effect		(721)	(482)	1,552
Net of tax amount		1,399	937	(3,013)
Reclassification adjustment for net gains arising during the period	[1]	(515)	(83)	(479)
Tax effect		175	29	163
Net of tax amount		(340)	$ (54)	$ (316)
Amortization of unrealized holding losses on securities transferred from available-for-sale to held-to-maturity	[2]	5
Tax effect		(2)
Net of tax amount		3
Fair value adjustment on derivatives		(348)
Tax effect		12
Net of tax amount		(336)
Total other comprehensive income (loss)		726	$ 883	$ (3,329)
Total comprehensive income (loss)		$ 4,424	$ 1,206	$ (22,132)
[1]	Amounts are included in net gain on sales of securities on the Consolidated Statements of Operations in total other income.
[2]	Amounts are included in interest and dividends on investment securities on the Consolidated Statements of Operations.

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-In Capital [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Unearned ESOP Shares [Member]	Accumulated Other Comprehensive Income (Loss) [ Member]	Total
Balance, at Beginning at Sep. 30, 2012	$ 62	$ 25,846	$ 38,596	$ (477)	$ (2,032)	$ 641	$ 62,636
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss)			$ (18,803)				(18,803)
Other comprehensive income (loss)						$ (3,329)	$ (3,329)
Cancellation of common stock	$ (62)	$ 62
Cancellation of treasury stock		(477)		$ 477
Additional ESOP shares converted at exchange rate of 1.0748 (18,040 shares at $10/share)		180			$ (180)
Dissolution of mutual holding company		100					$ 100
Proceeds from issuance of common stock, net of offering expense of $1.6 million	$ 66	34,567					34,633
Committed to be released ESOP shares (14,400 shares, 14,400 shares and 14,371 shares for the year ended September 30, 2015, 2014 and 2013 respectively)		24			$ 145		169
Balance, at End at Sep. 30, 2013	$ 66	$ 60,302	$ 19,793		$ (2,067)	$ (2,688)	75,406
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss)			$ 323				323
Other comprehensive income (loss)						$ 883	883
Committed to be released ESOP shares (14,400 shares, 14,400 shares and 14,371 shares for the year ended September 30, 2015, 2014 and 2013 respectively)		$ 15			$ 145		160
Balance, at End at Sep. 30, 2014	$ 66	$ 60,317	$ 20,116		$ (1,922)	$ (1,805)	76,772
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss)			$ 3,698				3,698
Other comprehensive income (loss)						$ 726	726
Committed to be released ESOP shares (14,400 shares, 14,400 shares and 14,371 shares for the year ended September 30, 2015, 2014 and 2013 respectively)		$ 48			$ 147		195
Balance, at End at Sep. 30, 2015	$ 66	$ 60,365	$ 23,814		$ (1,775)	$ (1,079)	$ 81,391

Consolidated Statements of Cha7

Consolidated Statements of Changes in Shareholders' Equity (Parenthetical) $ in Thousands	12 Months Ended
	Sep. 30, 2015USD ($)shares	Sep. 30, 2014USD ($)shares	Sep. 30, 2013USD ($)$ / sharesshares
Statement of Stockholders' Equity [Abstract]
Additional ESOP shares, exchange rate (in dollars per share)			1.0748
Stock issued during period, shares, employee stock purchase plans			18,040
ESOP converted share amount (in dollars per share) | $ / shares			$ 10
Proceeds from issuance of common stock, offering expenses | $			$ 1,600
Committed to be released ESOP shares	14,400	14,400	14,371

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Cash Flows from Operating Activities
Net income (loss)	$ 3,698	$ 323	$ (18,803)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation expense	646	638	695
Provision for loan losses	90	263	11,235
Deferred income taxes (benefit) expense	(1,035)	(367)	6,025
ESOP expense	195	160	169
Amortization (accretion) of premiums and discounts on investment securities, net	849	(488)	(735)
Amortization (accretion) of loan origination fees and costs	296	(193)	(267)
Amortization (accretion) of mortgage service rights	82	(22)	(6)
Net gain on sale of investment securities available for sale	$ (515)	(83)	(479)
Net loss on disposal of fixed assets		41	1
Net (gain) loss on sale of loans		(281)	460
Net gain on sale of secondary market loans	$ (102)	(71)	(366)
Proceeds on sale of secondary market loans	4,090	7,738	17,660
Originations of secondary market loans	(3,988)	(7,667)	(17,294)
Gain on sale of other real estate owned	(124)	(93)	(330)
Write down of other real estate owned	54	341	1,648
Earnings on bank-owned life insurance	(680)	(559)	(1,176)
(Increase) decrease in accrued interest receivable	(1,162)	82	117
Increase (decrease) in accrued interest payable	247	10	(127)
Increase in other liabilities	1,319	309	141
Increase in other assets	$ (714)	$ (114)	(809)
Decrease in prepaid FDIC assessment			391
Net Cash Provided by (Used in) by Operating Activities	$ 3,246	$ (33)	(1,850)
Investment securities available-for-sale:
Purchases	(160,103)	(5,258)	(93,693)
Sales	70,413	16,751	18,171
Maturities, calls and principal repayments	6,032	$ 14,138	$ 27,534
Investment securities held-to-maturity:
Purchases	(4,152)
Maturities, calls and principal repayments	$ 4,454
Proceeds from sale of loans		$ 25,836	$ 1,707
Loan buyback for sale of loans		(1,117)
Loan purchases		(18,952)	$ (31,060)
(Loan originations) and principal collections, net	$ (5,927)	19,649	58,365
Proceeds from sale of other real estate owned	1,174	2,694	3,917
Additions to mortgage servicing rights	$ (30)	$ (160)	(158)
Purchases of bank-owned life insurance			$ (6,000)
Proceeds from cash surrender on bank-owned life insurance		$ 3,636
Proceeds from death benefit of bank-owned life insurance			$ 1,121
Net (increase) decrease in restricted stock	$ (1,262)	$ (465)	1,109
Proceeds from sale of property and equipment			2
Purchases of property and equipment	$ (358)	$ (244)	(282)
Net Cash (Used in) Provided by Investing Activities	(89,759)	56,508	(19,267)
Cash Flows from Financing Activities
Net increase (decrease) in deposits	52,569	(71,643)	(56,392)
Proceeds for long-term borrowings	93,000	14,500	10,000
Repayment of long-term borrowings	(38,000)	(4,500)	(20,085)
Increase in advances from borrowers for taxes and insurance	$ 20	$ 668	112
Return of excess stock subscription funds			(20,841)
Cash from mutual holding company reorganization			100
Net Cash Provided by (Used in) Financing Activities	$ 107,589	$ (60,975)	(87,106)
Net Increase (Decrease) in Cash and Cash Equivalents	21,076	(4,500)	(108,223)
Cash and Cash Equivalent - Beginning	19,187	23,687	131,910
Cash and Cash Equivalent - Ending	40,263	19,187	23,687
Supplementary Cash Flows Information
Interest paid	$ 5,001	5,061	7,071
Income taxes paid		17	12
Non-cash transfer of loans to other real estate owned	$ 308	$ 944	4,603
Non-cash transfer of loans to investment securities available for sale			10,102
Stock subscription funds transferred to shareholders' equity			34,633
Non-cash transfer of loans to loans held for sale			$ 10,367
Transfer from investment securities available-for-sale to investment securities held-to-maturity	$ 57,523
Non-cash proceeds from death benefit on BOLI	$ 1,039

Organizational Structure and Na

Organizational Structure and Nature of Operations	12 Months Ended
	Sep. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organizational Structure and Nature of Operations	Note 1 – Organizational Structure and Nature of Operations On May 19, 2008, Malvern Federal Savings Bank ("Malvern Federal Savings" or the "Bank") completed its reorganization to the mutual holding company form of organization and formed Malvern Federal Bancorp, Inc. (the "Mid-Tier Holding Company") to serve as the “mid-tier” stock holding company for the Bank. An Employee Stock Ownership Plan (“ESOP”) was established which borrowed approximately $2.6 million from Malvern Federal Bancorp, Inc. to purchase 241,178 shares of common stock. Principal and interest payments of the loan are being made quarterly over a term of 18 years at a fixed interest rate of 5.0%. On October 11, 2012, Malvern Bancorp, Inc. (the “Company” or “Malvern Bancorp”) completed the “second-step” conversion from the mutual holding company structure to the stock holding company structure pursuant to a Plan of Conversion and Reorganization. Upon completion of the conversion and reorganization, Malvern Federal Mutual Holding Company (the “Mutual Holding Company”) and the Mid-Tier Holding Company ceased to exist. Malvern Bancorp, Inc., a Pennsylvania company, became the holding company for the Bank and owns all of the issued and outstanding shares of the common stock of Malvern Federal Savings Bank. In connection with the conversion and reorganization, 3,636,875 shares of common stock, par value $0.01 per share, of Malvern Bancorp, Inc., were sold in a subscription offering to certain depositors of the Bank and other investors for $10 per share, or $36.4 million in the aggregate, and 2,921,598 shares of common stock were issued in exchange for the outstanding shares of common stock of the former federally chartered Mid-Tier Holding Company held by the “public” shareholders of the Mid-Tier Holding Company (all shareholders except Malvern Federal Mutual Holding Company). Each share of common stock of the Mid-Tier Holding Company was converted into the right to receive 1.0748 shares of common stock of the new Malvern Bancorp, Inc. in the conversion and reorganization. The total shares outstanding upon completion of the stock offering and the exchange were approximately 6,558,473. The Company is a Pennsylvania chartered corporation which, since October 11, 2012, has owned all of the issued and outstanding shares of the Bank’s common stock, the only shares of equity securities which the Bank has issued. The Company does not own or lease any property, but instead uses the premises, equipment and furniture of the Bank. At the present time, the Company employs only persons who are officers of Malvern Federal Savings to serve as officers of the Company. The Company also uses the Bank’s support staff from time to time. These persons are not separately compensated by Company. Malvern Federal Savings Bank is a federally chartered stock savings bank which was originally organized in 1887 and is operating out of its headquarters in Paoli, Pennsylvania and seven full service financial center offices in Chester and Delaware Counties, Pennsylvania. The Bank is primarily engaged in attracting deposits from the general public and using those funds to invest in loans and investment securities. The Bank’s principal sources of funds are deposits, repayments of loans and investment securities, maturities of investments and interest-bearing deposits, other funds provided from operations and wholesale funds borrowed from outside sources such as the Federal Home Loan Bank of Pittsburgh (the “FHLB”). These funds are primarily used for the origination of various loan types including single-family residential mortgage loans, commercial real estate mortgage loans, construction and development loans, home equity loans and lines of credit and other consumer loans. The Bank derives its income principally from interest earned on loans, investment securities and, to a lesser extent, from fees received in connection with the origination of loans and for other services. Malvern Federal Savings’ primary expenses are interest expense on deposits and borrowings and general operating expenses. Funds for activities are provided primarily by deposits, amortization of loans, loan prepayments and the maturity of loans, securities and other investments and other funds from operations. The banking industry is highly regulated. The Bank is supervised by the Office of the Comptroller of the Currency (the “OCC”) and the Company is supervised by the Board of Governors of the Federal Reserve System (the “Federal Reserve Board” or the “FRB”). The Company and the Bank and the Bank’s subsidiary, Strategic Asset Management Group, Inc. (“SAMG”), provide various banking services, primarily accepting deposits and originating residential and commercial mortgage loans, consumer loans and other loans through the Bank’s headquarter and seven full-service branches in Chester and Delaware Counties, Pennsylvania. SAMG owns 50% of Malvern Insurance Associates, LLC. Malvern Insurance Associates, LLC offers a full line of business and personal lines of insurance products. As of September 30, 2015 and 2014, SAMG’s total assets were approximately $68,000 and $66,000, respectively. The net income of SAMG for the years ended September 30, 2015, 2014 and 2013 was approximately $2,000, $5,000 and $10,000, respectively. The Company is subject to competition from various other financial institutions and financial services companies. The Company is also subject to the regulations of certain federal agencies and, therefore, undergoes periodic examinations by those regulatory agencies. In accordance with the subsequent events topic of the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (the “Codification” or the “ASC”), the Company evaluates events and transactions that occur after the statement of financial condition date for potential recognition and disclosure in the consolidated financial statements. The effect of all subsequent events that provide additional evidence of conditions that existed at the statement of financial condition date are recognized in the audited consolidated financial statements as of September 30, 2015.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2 – Summary of Significant Accounting Policies Basis of Presentation and Consolidation The consolidated financial statements at and for the years ended September 30, 2015, 2014 and 2013 include the accounts of Malvern Bancorp, Inc. and its subsidiaries. All significant intercompany transactions and balances have been eliminated. Use of Estimates The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of income and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses, other real estate owned, the valuation of deferred tax assets, the evaluation of other-than-temporary impairment of investment securities, derivatives and fair value measurements. Fair value is generally defined as the amount at which an asset or liability could be exchanged in a current transaction between willing, unrelated parties, other than in a forced or liquidation sale. Fair value is based on quoted market prices in an active market, or if market prices are not available, is estimated using models employing techniques such as matrix pricing or discounting expected cash flows. Interest rate swaps are valued by a third party, using models that primarily use market observable inputs, such as yield curves, and are validated by comparison with valuations provided by the respective counterparties. The credit risk associated with derivative financial instruments that are subject to master netting agreements is measured on a net basis by counterparty portfolio. Significant Group Concentrations of Credit Risk Most of the Company’s activities are with customers located within Chester and Delaware Counties, Pennsylvania. Note 5 discusses the types of investment securities that the Company invests in. Note 6 discusses the types of lending that the Company engages in. The Company does not have any significant concentrations to any one industry or customer. Although the Company has a diversified portfolio, its debtors ability to honor their contracts is influenced by, among other factors, the region’s economy. Cash and Cash Equivalents For purposes of reporting cash flows, cash and cash equivalents include cash on hand, amounts due from depository institutions and interest bearing deposits. The Company maintains cash deposits in other depository institutions that occasionally exceed the amount of deposit insurance available. Management periodically assesses the financial condition of these institutions and believes that the risk of any possible credit loss is minimal. The Company is required to maintain average reserve balances in vault cash with the Federal Reserve Bank based upon outstanding balances of deposit transaction accounts. Based upon the Company’s outstanding transaction deposit balances, the Bank maintained a deposit account with the Federal Reserve Bank of Philadelphia in the amount of $3.7 million and $3.2 million at September 30, 2015 and 2014, respectively. Investment Securities Held-to-maturity (“HTM”) are securities that include debt securities that the Company has the positive intent and the ability to hold to maturity; these securities are reported at amortized cost and adjusted for unamortized premiums and discounts. Securities held for trading are securities that are bought and held principally for the purpose of selling in the near term; these securities are reported at fair value, with unrealized gains and losses reported in current earnings. At September 30, 2015 and September 30, 2014, the Company had no investment securities classified as trading. Debt securities that will be held for indefinite periods of time and equity securities, including securities that may be sold in response to changes in market interest or prepayment rates, needs for liquidity and changes in the availability of and the yield of alternative investments, are classified as available for sale. Realized gains and losses are recorded on the trade date and are determined using the specific identification method. Securities held as available for sale are reported at fair value, with unrealized gains and losses, net of tax, reported as a component of accumulated other comprehensive income (“AOCI”). Management determines the appropriate classification of investment securities at the time of purchase. Securities are evaluated on a quarterly basis, and more frequently when market conditions warrant such an evaluation, to determine whether declines in their value are other-than-temporary. To determine whether a loss in value is other-than-temporary, management utilizes criteria such as the reasons underlying the decline, the magnitude and duration of the decline and whether or not management intends to sell or expects that it is more likely than not that it will be required to sell the security prior to an anticipated recovery of the fair value. The term “other-than-temporary” is not intended to indicate that the decline is permanent, but indicates that the prospects for a near-term recovery of value is not necessarily favorable, or that there is a lack of evidence to support a realizable value equal to or greater than the carrying value of the investment. Once a decline in value for a debt security is determined to be other-than-temporary, the other-than-temporary impairment is separated into (a) the amount of the total other-than-temporary impairment related to a decrease in cash flows expected to be collected from the debt security (the credit loss) and (b) the amount of the total other-than-temporary impairment related to all other factors. The amount of the total other-than-temporary impairment related to the credit loss is recognized in earnings. The amount of the total other-than-temporary impairment related to all other factors is recognized in other comprehensive income. Loans Receivable The Company, through the Bank, grants mortgage, construction, commercial and consumer loans to customers. A substantial portion of the loan portfolio is represented by residential and commercial mortgage loans secured by properties located throughout Chester County, Pennsylvania and surrounding areas. The ability of the Company’s debtors to honor their contracts is dependent upon, among other factors, the real estate and general economic conditions in this area. Loans receivable that management has the intent and ability to hold until maturity or payoff are stated at their outstanding unpaid principal balances, net of an allowance for loan losses and any deferred fees and costs. Interest income is accrued on the unpaid principal balance. Loan origination fees and costs are deferred and recognized as an adjustment of the yield (interest income) of the related loans using the interest method. The Company is amortizing these amounts over the contractual lives of the loans. The loans receivable portfolio is segmented into residential loans, construction and development loans, commercial loans and consumer loans. The residential loan segment has one class, one- to four-family first lien residential mortgage loans. The construction and development loan segment consists of the following classes: residential and commercial and land loans. Residential construction loans are made for the acquisition of and/or construction on a lot or lots on which a residential dwelling is to be built. Commercial construction loans are made for the purpose of acquiring, developing and constructing a commercial structure. The commercial loan segment consists of the following classes: commercial real estate loans, multi-family real estate loans, and other commercial loans, which are also generally known as commercial and industrial loans or commercial business loans. The consumer loan segment consists of the following classes: home equity lines of credit, second mortgage loans and other consumer loans, primarily unsecured consumer lines of credit. For all classes of loans receivable, the accrual of interest is discontinued when the contractual payment of principal or interest has become 90 days past due or management has serious doubts about further collection of principal or interest, even though the loan is currently performing. A loan may remain on accrual status if it is in the process of collection and is either guaranteed or well secured. When a loan is placed on nonaccrual status, unpaid interest credited to income in the current year is reversed and unpaid interest accrued in prior years is charged against the allowance for loan losses. Interest received on nonaccrual loans, including impaired loans, generally is either applied against principal or reported as interest income, according to management’s judgment as to the collectability of principal. Generally, loans are restored to accrual status when the obligation is brought current, has performed in accordance with the contractual terms for a reasonable period of time (generally six months) and the ultimate collectability of the total contractual principal and interest is no longer in doubt. The past due status of all classes of loans receivable is determined based on contractual due dates for loan payments. In addition to originating loans, the Company purchases consumer and mortgage loans from brokers in our market area. Such purchases are reviewed for compliance with our underwriting criteria before they are purchased, and are generally purchased without recourse to the seller. Premiums and discounts on purchased loans are amortized as adjustments to interest income using the effective yield method. Allowance for Loan Losses The allowance for credit losses consists of the allowance for loan losses and the reserve for unfunded lending commitments. The allowance for loan losses represents management’s estimate of losses inherent in the loan portfolio as of the consolidated statement of financial condition date and is recorded as a reduction to loans. Reserves for unfunded lending commitments represent management’s estimate of losses inherent in its unfunded loan commitments and is recorded in other liabilities on the consolidated statement of financial condition. The allowance for loan losses (“ALLL”) is increased by the provision for loan losses and decreased by charge-offs, net of recoveries. Loans deemed to be uncollectible are charged against the allowance for loan losses, and subsequent recoveries, if any, are credited to the allowance. All, or part, of the principal balance of loans receivable are charged off to the allowance as soon as it is determined that the repayment or collateral recovery of all, or part, of the principal balance is highly unlikely. Non-residential consumer loans are generally charged off no later than when they become 120 days past due on a contractual basis or earlier in the event of the borrower’s bankruptcy or if there is an amount deemed uncollectible. Because all identified losses are immediately charged off, no portion of the allowance for loan losses is restricted to any individual loan or groups of loans, and the entire allowance is available to absorb any and all loan losses. The allowance for credit losses is maintained at a level considered adequate to provide for losses that can be reasonably estimated. Management performs a quarterly evaluation of the adequacy of the allowance. The allowance is based on the Company’s past loan loss experience, known and inherent risks in the portfolio, adverse situations that may affect the borrower’s ability to repay, the estimated value of any underlying collateral, the composition of the loan portfolio, current economic conditions and other relevant factors. This evaluation is inherently subjective as it requires material estimates that may be susceptible to significant revision as more information becomes available. The allowance consists of specific, general and unallocated components. The specific component relates to loans that are classified as impaired. For loans that are classified as impaired, a charge-off is recognized when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan. The general component covers pools of loans by loan class that are not considered impaired. These pools of loans are evaluated for loss exposure based upon historical loss rates for each of these classes of loans, as adjusted for qualitative factors. These qualitative risk factors include: 1. Lending policies and procedures, including underwriting standards and collection, charge-off, and recovery practices. 2. National, regional, and local economic and business conditions as well as the condition of various market segments, including the value of underlying collateral for collateral dependent loans. 3. The nature and volume of the loan portfolio and terms of loans. 4. The experience, ability, and depth of lending management and staff. 5. The volume and severity of past due, classified and nonaccrual loans as well as any other loan modifications. 6. The quality of the Company’s loan review system, and the degree of oversight by the Company’s Board of Directors. 7. The existence and effect of any concentrations of credit and changes in the level of such concentrations. 8. Value of underlying collateral. The qualitative factors are applied to the historical loss rates for each class of loan. In addition, while not reported as a separate factor, changes in the value of underlying collateral (for regional property values) for collateral dependent loans is considered and addressed within the economic trends factor. A quarterly calculation is made adjusting the reserve allocation for each factor within a risk weighted range as it relates to each particular loan type, collateral type and risk rating within each segment. Data is gathered and evaluated through internal, regulatory, and government sources quarterly for each factor. An unallocated component is maintained to cover uncertainties that could affect management’s estimate of probable losses. The unallocated component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating specific and general losses in the portfolio. In addition, the allowance calculation methodology includes further segregation of loan classes into risk rating categories. The borrower’s overall financial condition, repayment sources, guarantors and value of collateral, if appropriate, are evaluated annually for commercial loans or when credit deficiencies arise, such as delinquent loan payments, for commercial and consumer loans. Credit quality risk ratings include categories of “pass,” “special mention,” “substandard” and “doubtful.” Assets classified as “Pass” are those protected by the current net worth and paying capacity of the obligor or by the value of the underlying collateral. Assets which do not currently expose the insured institution to sufficient risk to warrant classification as substandard or doubtful but possess certain identified weaknesses are required to be designated “special mention.” If uncorrected, the potential weaknesses may result in deterioration of the repayment prospects. An asset is considered “substandard” if it is inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. “Substandard” assets include those characterized by the “distinct possibility” that the insured institution will sustain “some loss” if the deficiencies are not corrected. Assets classified as “doubtful” have all of the weaknesses inherent in those classified “substandard” with the added characteristic that the weaknesses present make “collection or liquidation in full,” on the basis of currently existing facts, conditions, and values, “highly questionable and improbable.” Residential Lending. We underwrite one- to four-family residential mortgage loans with loan-to-value ratios of up to 95%, provided that the borrower obtains private mortgage insurance on loans that exceed 80% of the appraised value or sales price, whichever is less, of the secured property. We also require that title insurance, hazard insurance and, if appropriate, flood insurance be maintained on all properties securing real estate loans. We require that a licensed appraiser from our list of approved appraisers perform and submit to us an appraisal on all properties secured by a first mortgage on one- to four-family first mortgage loans. In underwriting one- to four-family residential mortgage loans, the Company evaluates both the borrower’s ability to make monthly payments and the value of the property securing the loan. Most properties securing real estate loans made by the Company are appraised by independent fee appraisers approved by the Board of Directors. The Company generally requires borrowers to obtain an attorney’s title opinion or title insurance, and fire and property insurance (including flood insurance, if necessary) in an amount not less than the amount of the loan. Real estate loans originated by the Company generally contain a “due on sale” clause allowing the Company to declare the unpaid principal balance due and payable upon the sale of the security property. The Company has not engaged in sub-prime residential mortgage loan originations. Our single-family residential mortgage loans generally are underwritten on terms and documentation conforming to guidelines issued by Freddie Mac and Fannie Mae. Construction and Development Lending. Construction and development loans generally are considered to involve a higher level of risk than one-to four-family residential lending, due to the concentration of principal in a limited number of loans and borrowers and the effect of economic conditions on developers, builders and projects. Additional risk is also associated with construction lending because of the inherent difficulty in estimating both a property’s value at completion and the estimated cost (including interest) to complete a project. The nature of these loans is such that they are more difficult to evaluate and monitor. In addition, speculative construction loans to a builder are not pre-sold and thus pose a greater potential risk than construction loans to individuals on their personal residences. In order to mitigate some of the risks inherent in construction lending, we inspect properties under construction, review construction progress prior to advancing funds, work with builders with whom we have established relationships, require annual updating of tax returns and other financial data of developers and obtain personal guarantees from the principals. Commercial Lending. Most of the Company’s commercial business loans have been extended to finance local and regional businesses and include short-term loans to finance machinery and equipment purchases, inventory and accounts receivable. The commercial business loans which we originate may be either a revolving line of credit or for a fixed term of generally 10 years or less. Interest rates are adjustable, indexed to a published prime rate of interest, or fixed. Generally, equipment, machinery, real property or other corporate assets secure such loans. Personal guarantees from the business principals are generally obtained as additional collateral. Consumer Lending. Consumer loans may entail greater credit risk than do residential mortgage loans, particularly in the case of consumer loans which are unsecured or are secured by rapidly depreciable assets, such as automobiles or recreational equipment. In such cases, any repossessed collateral for a defaulted consumer loan may not provide an adequate source of repayment of the outstanding loan balance as a result of the greater likelihood of damage, loss or depreciation. In addition, consumer loan collections are dependent on the borrower’s continuing financial stability, and thus are more likely to be affected by adverse personal circumstances. Furthermore, the application of various federal and state laws, including bankruptcy and insolvency laws, may limit the amount which can be recovered on such loans. Once all factor adjustments are applied, general reserve allocations for each segment are calculated, summarized and reported on the ALLL summary. ALLL final schedules, calculations and the resulting evaluation process are reviewed quarterly. In addition, Federal bank regulatory agencies, as an integral part of their examination process, periodically review the Company’s allowance for loan losses and may require the Company to recognize additions to the allowance based on their judgments about information available to them at the time of their examination. Based on management’s comprehensive analysis of the loan portfolio, management believes the current level of the allowance for loan losses is adequate. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record and the amount of the shortfall in relation to the principal and interest owed. An allowance for loan losses is established for an impaired loan if its carrying value exceeds its estimated fair value. The estimated fair values of substantially all of the Company’s impaired loans are measured based on the estimated fair value of the loan’s collateral. For commercial loans secured by real estate, estimated fair values are determined primarily through third-party appraisals. When a real estate secured loan becomes impaired, a decision is made regarding whether an updated appraisal of the real estate is necessary. This decision is based on various considerations, including the age of the most recent appraisal, the loan-to-value ratio based on the original appraisal and the condition of the property. Appraised values are discounted to arrive at the estimated selling price of the collateral, which is considered to be the estimated fair value. The discounts also include estimated costs to sell the property. For commercial and industrial loans secured by non-real estate collateral, such as accounts receivable, inventory and equipment, estimated fair values are determined based on the borrower’s financial statements, inventory reports, accounts receivable aging or equipment appraisals or invoices. Indications of value from these sources are generally discounted based on the age of the financial information or the quality of the assets. Troubled Debt Restructurings Loans whose terms are modified are classified as troubled debt restructurings if the Company grants such borrowers concessions and it is deemed that those borrowers are experiencing financial difficulty. Concessions granted under a troubled debt restructuring may be modified by means of extending the maturity date of the loan, reducing the interest rate on the loan to a rate which is below market, a combination of rate adjustments and maturity extensions, or by other means including covenant modifications, forbearances or other concessions. However, the Company generally only restructures loans by modifying the payment structure to interest only or by reducing the actual interest rate. We do not accrue interest on loans that were non-accrual prior to the troubled debt restructuring until they have performed in accordance with their restructured terms for a period of at least six months. We continue to accrue interest on troubled debt restructurings which were performing in accordance with their terms prior to the restructure and continue to perform in accordance with their restructured terms. Management evaluates the ALLL with respect to TDRs under the same policy and guidelines as all other performing loans are evaluated with respect to the ALLL. Loan Servicing Servicing assets are recognized as separate assets when rights are acquired through purchase or through sale of financial assets. For sales of mortgage loans, a portion of the cost of originating the loan is allocated to the servicing right based on relative fair value. Fair value is based on market prices for comparable mortgage servicing contracts, when available, or alternatively is based on a valuation model that calculates the present value of estimated future net servicing income. The valuation model incorporates assumptions that market participants would use in estimating future net servicing income, such as the cost to service, the discount rate, the custodial earnings rate, an inflation rate, ancillary income, prepayment speeds and default rates and losses. Capitalized servicing rights are reported in other assets and are amortized into other expense in proportion to, and over the period of, the estimated future net servicing income of the underlying financial assets. Servicing assets are evaluated for impairment based upon the fair value of the rights as compared to amortized cost. Impairment is determined by stratifying rights into tranches based on predominant risk characteristics, such as interest rate, loan type and investor type. Impairment is recognized through a valuation allowance for an individual tranche, to the extent that fair value is less than the capitalized amount for the tranche. If the Company later determines that all or a portion of the impairment no longer exists for a particular tranche, a reduction of the allowance may be recorded as an increase to income. Other Real Estate Owned Assets acquired through, or in lieu of, loan foreclosure are held for sale and are initially recorded at fair value at the date of foreclosure, establishing a new cost basis. Subsequent to foreclosure, valuations are periodically performed by management and the assets are carried at the lower of the previously established carrying amount or fair value less cost to sell. Revenue and expenses from operations and changes in the valuation allowance are included in other expenses from other real estate owned. Restricted Stock Restricted stock represents required investments in the common stock of a correspondent bank and is carried at cost. As of September 30, 2015 and 2014, restricted stock consists solely of the common stock of the Federal Home Loan Bank of Pittsburgh (“FHLB”). Management’s evaluation and determination of whether these investments are impaired is based on their assessment of the ultimate recoverability of their cost rather than by recognizing temporary declines in value. The determination of whether a decline affects the ultimate recoverability of an investment’s cost is influenced by criteria such as (1) the significance of the decline in net assets of the FHLB as compared to the capital stock amount for the FHLB and the length of time this situation has persisted, (2) commitments by the FHLB to make payments required by law or regulation and the level of such payments in relation to the operating performance of the FHLB, and (3) the impact of legislative and regulatory changes on institutions and, accordingly, on the customer base of the FHLB. During the years ended September 30, 2015 and 2014, there were net repurchases of restricted stock of $1.3 million and $465,000, respectively. Also as of September 30, 2015 and 2014 the number of FHLB shares was 47,651 and 35,026, respectively. There were approximately $311,000, $123,000 and $19,000 of dividends on FHLB stock received or recognized in income for fiscal years 2015, 2014 and 2013, respectively. Property and Equipment Property and equipment is carried at cost. Depreciation is computed using the straight-line and accelerated methods over estimated useful lives ranging from 3 to 39 years beginning when assets are placed in service. When assets are retired or otherwise disposed of, the cost and related accumulated depreciation are removed from the accounts and any gain or loss is reflected in income for the period. The cost of maintenance and repairs is charged to income as incurred. Transfers of Financial Assets Transfers of financial assets are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and (3) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity. Bank-Owned Life Insurance The Company invests in bank owned life insurance (“BOLI”) as a source of funding for employee benefit expenses. BOLI involves the purchasing of life insurance by the Bank on a chosen group of employees. The Bank is the owner and beneficiary of the policies. This life insurance investment is carried at the cash surrender value of the underlying policies. Earnings from the increase in cash surrender value of the policies are included in other income on the statement of operations. Employee Benefit Plans The Bank’s 401(k) plan allows eligible participants to set aside a certain percentage of their salaries before taxes. The Company may elect to match employee contributions up to a specified percentage of their respective salaries in an amount determined annually by the Board of Directors. The Company’s matching contribution related to the plan resulted in expenses of $64,000, $118,000, and $110,000, for fiscal 2015, 2014, and 2013, respectively. There were no bonus matching contributions for fiscal years 2015, 2014 or 2013. The Company also maintains an unfunded Supplemental Executive and a Director Retirement Plan (the “Plans”). The accrued amount for the Plans included in other liabilities was $1.2 million and $1.3 million at September 30, 2015 and 2014, respectively. Distributions made to directors for the fiscal year 2015 and 2014 were approximately $13,000 and $13,000, respectively. The (benefit)/expense associated with the Plans for the years ended September 30, 2015, 2014, and 2013 was ($24,000), $78,000, and $168,000, respectively. At fiscal 2015, the benefit associated with the plan was due to the Plan being Frozen at September 30, 2014 and the Company to credit fiscal 2015 accruals for the first quarter of fiscal 2015. Derivatives and Hedging The Company records cash flow hedges at the inception of the derivative contract based on the Company’s intentions and belief as to likely effectiveness as a hedge. The Company documents the strategy for entering into the transactions and the method of assessing ongoing effectiveness. Cash flow hedges represent a hedge of a forecasted transaction or the variability of cash flows to be received or paid related to a recognized asset or liability. For a cash flow hedge, the gain or loss on the derivative is reported in other comprehensive income and is reclassified into earnings in the same periods during which the hedged transaction affects earnings. The changes in the fair value of derivatives that are not highly effective in hedging the changes in fair value or expected cash flows of the hedged item are recognized immediately in current earnings. Changes in the fair value of derivatives that do not qualify for hedge accounting are reported currently in earnings, as noninterest income. Net cash settlements on derivatives that qualify for hedge accounting are recorded in interest income or interest expense, based on the item being hedged. Net cash settlements on derivatives that do not qualify for hedge accounting are reported in noninterest income. Cash flows on hedges are classified in the cash flow statement the same as the cash flows of

Earnings (Loss) Per Share

Earnings (Loss) Per Share	12 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Earnings (Loss) Per Share	Note 3 – Earnings (Loss) Per Share Basic earnings per common share is computed based on the weighted average number of shares outstanding reduced by unearned ESOP shares. Diluted earnings per share is computed based on the weighted average number of shares outstanding and common stock equivalents (“CSEs”) that would arise from the exercise of dilutive securities reduced by unearned ESOP shares. For the fiscal years ended September 30, 2015, 2014 and 2013, the Company had not issued and did not have any outstanding CSEs and, at the present time, the Company’s capital structure has no potential dilutive securities. The following table sets forth the composition of the weighted average shares (denominator) used in the earnings per share computations. Year Ended September 30, (In thousands, except for share data) 2015 2014 2013 Net Income (Loss) $ 3,698 $ 323 $ (18,803 ) Weighted average shares outstanding 6,558,473 6,558,473 6,558,473 Average unearned ESOP shares (165,143 ) (179,543 ) (193,483 ) Weighted average shares outstanding – basic 6,393,330 6,378,930 6,351,248 Earnings (Loss) per share – basic $ 0.58 $ 0.05 $ (2.96 )

Employee Stock Ownership Plan

Employee Stock Ownership Plan	12 Months Ended
	Sep. 30, 2015
Employee Stock Ownership Plan (ESOP), Shares in ESOP [Abstract]
Employee Stock Ownership Plan	Note 4 – Employee Stock Ownership Plan The Company established an employee stock ownership plan (“ESOP”) for substantially all of its full-time employees. As of September 30, 2015, the current ESOP trustee is Pentegra. Shares of the Company’s common stock purchased by the ESOP are held until released for allocation to participants. Shares released are allocated to each eligible participant based on the ratio of each such participant’s base compensation to the total base compensation of all eligible plan participants. As the unearned shares are committed to be released and allocated among participants, the Company recognizes compensation expense equal to the fair value of the ESOP shares during the periods in which they become committed to be released. To the extent that the fair value of the ESOP shares released differs from the cost of such shares, the difference is charged or credited to additional paid-in capital. During the period from May 20, 2008 to September 30, 2008, the ESOP purchased 241,178 shares of the common stock for approximately $2.6 million, 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 years ended September 30, 2015, 2014 and 2013, there were 14,400, 14,400 and 14,371 shares, respectively, committed to be released. At September 30, 2015, there were 157,965 unallocated shares and 101,253 allocated shares held by the ESOP. The unallocated shares had an aggregate fair value of approximately $2.5 million at September 30, 2015.

Investment Securities

Investment Securities	12 Months Ended
	Sep. 30, 2015
Investments, Debt and Equity Securities [Abstract]
Investment Securities	Note 5 - Investment Securities The Company’s investment securities are classified as available-for-sale or held-to-maturity at September 30, 2015 and available-for-sale at September 30, 2014. 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. 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 September 30, 2015 and 2014. At September 30, 2014 there were no held-to-maturity investment securities. September 30, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In thousands) Investment Securities Available-for-Sale: U.S. government agencies $ 816 $ — $ (1 ) $ 815 State and municipal obligations 42,007 192 (116 ) 42,083 Single issuer trust preferred security 1,000 — (150 ) 850 Corporate debt securities 70,874 34 (926 ) 69,982 114,697 226 (1,193 ) 113,730 Mortgage-backed securities: Federal National Mortgage Association (FNMA), fixed-rate 8,797 — (105 ) 8,692 Federal Home Loan Mortgage Company (FHLMC), fixed-rate 5,986 — (54 ) 5,932 14,783 — (159 ) 14,624 Total $ 129,480 $ 226 $ (1,352 ) $ 128,354 Investment Securities Held-to-Maturity: U.S. government agencies $ 14,301 $ 8 $ (13 ) $ 14,296 State and municipal obligations 10,075 23 (75 ) 10,023 Corporate debt securities 4,011 — (55 ) 3,956 Mortgage-backed securities: Collateralized mortgage obligations, fixed-rate 28,834 55 (339 ) 28,550 Total $ 57,221 $ 86 $ (482 ) $ 56,825 Total investment securities $ 186,701 $ 312 $ (1,834 ) $ 185,179 September 30, 2014 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In thousands) Investment Securities Available-for-Sale: U.S. government agencies $ 19,719 $ 1 $ (464 ) $ 19,256 State and municipal obligations 2,543 — (43 ) 2,500 Single issuer trust preferred security 1,000 — (120 ) 880 Corporate debt securities 1,504 21 — 1,525 24,766 22 (627 ) 24,161 Mortgage-backed securities: Federal National Mortgage Association (FNMA): Adjustable-rate 403 15 — 418 Fixed-rate 17,390 9 (591 ) 16,808 Federal Home Loan Mortgage Company (FHLMC): Adjustable-rate 3,562 33 — 3,595 Fixed-rate 12,336 — (340 ) 11,996 Collateralized mortgage obligations (CMO), fixed-rate 45,222 46 (1,303 ) 43,965 78,913 103 (2,234 ) 76,782 Total $ 103,679 $ 125 $ (2,861 ) $ 100,943 During the year ended September 30, 2015, the Company transferred at fair value approximately $57.5 million in available-for-sale investment securities to the held-to-maturity category. The net unrealized loss at date of transfer amounted to $115,000. This will be amortized over the remaining life of the securities as an adjustment of yield, offsetting the related amortization of the premium or accretion of the discount on the transferred securities. No gains or losses were recognized at the time of transfer. Management considers the held-to-maturity classification of these investment securities to be appropriate as the Company has the positive intent and ability to hold these securities to maturity. For fiscal 2015, proceeds of available-for-sale investment securities sold amounted to approximately $70.4 million. Gross realized gains on investment securities sold amounted to approximately $610,000, while gross realized losses amounted to approximately $95,000for the period. For fiscal 2014, proceeds of investment securities sold amounted to approximately $16.8 million. Gross realized gains on investment securities sold amounted to approximately $118,000, while gross realized losses amounted to approximately $35,000 for the period. For fiscal 2013, proceeds of investment securities sold amounted to approximately $18.2 million. Gross realized gains on investment securities sold amounted to approximately $549,000, while gross realized losses amounted to approximately $70,000 for the period. The varying amount of sales from the available-for-sale portfolio over the past few years, reflect the significant volatility present in the market. Given the historic low interest rates prevalent in the market, it is necessary for the Company to protect itself from interest rate exposure. Securities that once appeared to be sound investments can, after changes in the market, become securities that the Company has the flexibility to sell to avoid losses and mismatches of interest-earning assets and interest-bearing liabilities at a later time. The following tables indicate gross unrealized losses not recognized in income and fair value, aggregated by investment category and the length of time individual securities have been in a continuous unrealized loss position at September 30, 2015 and 2014. September 30, 2015 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. government agencies $ — $ — $ 815 $ (1 ) $ 815 $ (1 ) State and municipal obligations 18,223 (116 ) — — 18,223 (116 ) Single issuer trust preferred security — — 850 (150 ) 850 (150 ) Corporate debt securities 58,064 (926 ) — — 58,064 (926 ) Mortgage-backed securities: FNMA, fixed-rate 5,459 (53 ) 3,233 (52 ) 8,692 (105 ) FHLMC, fixed-rate 3,280 (25 ) 2,652 (29 ) 5,932 (54 ) Total $ 85,026 $ (1,120 ) $ 7,550 $ (232 ) $ 92,576 $ (1,352 ) Investment Securities Held-to-Maturity: U.S. government agencies 4,792 (13 ) — — 4,792 (13 ) State and municipal obligations 6,917 (75 ) — — 6,917 (75 ) Corporate debt securities 3,957 (55 ) — — 3,957 (55 ) Mortgage-backed securities: CMO, fixed-rate 22,734 (339 ) — — 22,734 (339 ) Total 38,400 (482 ) — — 38,400 (482 ) Total investment securities $ 123,426 $ (1,602 ) $ 7,550 $ (232 ) $ 130,976 $ (1,834 ) September 30, 2014 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. government agencies $ — $ — $ 18,267 $ (464 ) $ 18,267 $ (464 ) State and municipal obligations — — 2,501 (43 ) 2,501 (43 ) Single issuer trust preferred security — — 880 (120 ) 880 (120 ) Mortgage-backed securities: FNMA, fixed-rate — — 16,715 (591 ) 16,715 (591 ) FHLMC, fixed-rate — — 11,996 (340 ) 11,996 (340 ) CMO, fixed-rate 3,945 (54 ) 36,185 (1,249 ) 40,130 (1,303 ) Total investment securities $ 3,945 $ (54 ) $ 86,544 $ (2,807 ) $ 90,489 $ (2,861 ) As of September 30, 2015, the estimated fair value of the securities disclosed above was primarily dependent upon the movement in market interest rates, particularly given the negligible inherent credit risk associated with these securities. These investment securities are comprised of securities that are rated investment grade by at least one bond credit rating service. Although the fair value will fluctuate as the market interest rates move, management believes that these fair values will recover as the underlying portfolios mature and are reinvested in market rate yielding investments. As of September 30, 2015, the Company held six U.S. government agency securities, 20 municipal bonds, 29 corporate securities, 37 mortgage-backed securities and one single issuer trust preferred security which were in an unrealized loss position. As of September 30, 2014, the Company held 21 U.S. government agency securities, six tax-free municipal bonds, 66 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 not more likely than not 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 September 30, 2015 represents other-than-temporary impairment. At September 30, 2015 and 2014 the Company had no securities pledged to secure public deposits. The following table presents information for investment securities at September 30, 2015, based on scheduled maturities. Actual maturities can be expected to differ from scheduled maturities due to prepayment or early call options of the issuer. September 30, 2015 Amortized Cost Fair Value (In thousands) Investment Securities Available-for-Sale: Due in one year or less $ — $ — Due after one year through five years 13,038 13,019 Due after five years through ten years 77,917 77,096 Due after ten years 38,525 38,239 Total $ 129,480 $ 128,354 Investment Securities Held-to-Maturity: Due after one year through five years $ 14,301 $ 14,296 Due after five years through ten years — — Due after ten years 42,920 42,529 Total $ 57,221 $ 56,825 Total investment securities $ 186,701 $ 185,179

Loans Receivable and Related Al

Loans Receivable and Related Allowance for Loan Losses	12 Months Ended
	Sep. 30, 2015
Receivables [Abstract]
Loans Receivable and Related Allowance for Loan Losses	Note 6 - Loans Receivable and Related Allowance for Loan Losses Loans receivable in the Company’s portfolio consisted of the following at the dates indicated: September 30, 2015 2014 (In thousands) Residential mortgage $ 214,958 $ 231,324 Construction and Development: Residential and commercial 5,677 5,964 Land 2,142 1,033 Total Construction and Development 7,819 6,997 Commercial: Commercial real estate 87,686 71,579 Multi-family 7,444 1,032 Other 13,380 5,480 Total Commercial 108,510 78,091 Consumer: Home equity lines of credit 22,919 22,292 Second mortgages 37,633 47,034 Other 2,359 2,839 Total Consumer 62,911 72,165 Total loans 394,198 388,577 Deferred loan fees and cost, net 1,776 2,086 Allowance for loan losses (4,667 ) (4,589 ) Total loans receivable, net $ 391,307 $ 386,074 The following table summarizes the primary classes of the allowance for loan losses, segregated into the amount required for loans individually evaluated for impairment and the amount required for loans collectively evaluated for impairment as of and for the years ended September 30, 2015, 2014 and 2013. Year Ended September 30, 2015 Construction and Development Commercial Consumer Residential Mortgage Residential and Commercial Land Commercial Real Estate Multi- family Other Home Equity Lines of Credit Second Mortgages Other Unallocated Total (In thousands) Allowance for loan losses: Beginning balance $ 1,672 $ 291 $ 13 $ 1,248 $ 29 $ 50 $ 168 $ 1,033 $ 23 $ 62 $ 4,589 Charge-offs - (1 ) - (48 ) - - - (138 ) (34 ) - (221 ) Recoveries 17 98 - 9 - 3 2 69 11 - 209 Provision (203 ) (358 ) 22 26 75 55 (31 ) (203 ) 24 683 90 Ending Balance $ 1,486 $ 30 $ 35 $ 1,235 $ 104 $ 108 $ 139 $ 761 $ 24 $ 745 $ 4,667 Ending balance: individually evaluated for impairment $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Ending balance: collectively evaluated for impairment $ 1,486 $ 30 $ 35 $ 1,235 $ 104 $ 108 $ 139 $ 761 $ 24 $ 745 $ 4,667 Loans receivable: Ending balance $ 214,958 $ 5,677 $ 2,142 $ 87,686 $ 7,444 $ 13,380 $ 22,919 $ 37,633 $ 2,359 $ 394,198 Ending balance: individually evaluated for impairment $ 599 $ 121 $ - $ 1,571 $ - $ - $ 20 $ 179 $ - $ 2,490 Ending balance: collectively evaluated for impairment $ 214,359 $ 5,556 $ 2,142 $ 86,115 $ 7,444 $ 13,380 $ 22,899 $ 37,454 $ 2,359 $ 391,708 Year Ended September 30, 2014 Construction and Development Commercial Consumer Residential Mortgage Residential and Commercial Land Commercial Real Estate Multi- family Other Home Equity Lines of Credit Second Mortgages Other Unallocated Total (In thousands) Allowance for loan losses: Beginning balance $ 1,414 $ 164 $ 56 $ 1,726 $ 40 $ 59 $ 137 $ 1,393 $ 22 $ 79 $ 5,090 Charge-offs (83 ) (37 ) - (183 ) - - (14 ) (618 ) (6 ) - (941 ) Recoveries 23 1 - 9 - 3 1 136 4 - 177 Provision 318 163 (43 ) (304 ) (11 ) (12 ) 44 122 3 (17 ) 263 Ending Balance $ 1,672 $ 291 $ 13 $ 1,248 $ 29 $ 50 $ 168 $ 1,033 $ 23 $ 62 $ 4,589 Ending balance: individually evaluated for impairment $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Ending balance: collectively evaluated for impairment $ 1,672 $ 291 $ 13 $ 1,248 $ 29 $ 50 $ 168 $ 1,033 $ 23 $ 62 $ 4,589 Loans receivable: Ending balance $ 231,324 $ 5,964 $ 1,033 $ 71,579 $ 1,032 $ 5,480 $ 22,292 $ 47,034 $ 2,839 $ 388,577 Ending balance: individually evaluated for impairment $ 999 $ 187 $ - $ 504 $ - $ 900 $ 115 $ 695 $ - $ 3,400 Ending balance: collectively evaluated for impairment $ 230,325 $ 5,777 $ 1,033 $ 71,075 $ 1,032 $ 4,580 $ 22,177 $ 46,339 $ 2,839 $ 385,177 Year Ended September 30, 2013 Construction and Development Commercial Consumer Residential Mortgage Residential and Commercial Land Commercial Real Estate Multi- family Other Home Equity Lines of Credit Second Mortgages Other Unallocated Total (In thousands) Allowance for loan losses: Beginning balance $ 1,487 $ 724 $ 11 $ 3,493 $ 10 $ 226 $ 160 $ 1,389 $ 16 $ 65 $ 7,581 Charge-offs (994 ) (5,768 ) (99 ) (6,315 ) - (94 ) - (1,042 ) (9 ) - (14,321 ) Recoveries 199 - - 117 - 23 17 235 4 - 595 Provision 722 5,208 144 4,431 30 (96 ) (40 ) 811 11 14 11,235 Ending Balance $ 1,414 $ 164 $ 56 $ 1,726 $ 40 $ 59 $ 137 $ 1,393 $ 22 $ 79 $ 5,090 Ending balance: individually evaluated for impairment $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Ending balance: collectively evaluated for impairment $ 1,414 $ 164 $ 56 $ 1,726 $ 40 $ 59 $ 137 $ 1,393 $ 22 $ 79 $ 5,090 Loans receivable: Ending balance $ 239,900 $ 6,672 $ 2,439 $ 70,571 $ 1,971 $ 5,573 $ 20,431 $ 54,532 $ 2,648 $ 404,737 Ending balance: individually evaluated for impairment $ 1,295 $ 209 $ 237 $ - $ - $ 900 $ 34 $ 572 $ - $ 3,247 Ending balance: collectively evaluated for impairment $ 238,605 $ 6,463 $ 2,202 $ 70,571 $ 1,971 $ 4,673 $ 20,397 $ 53,960 $ 2,648 $ 401,490 The following table presents impaired loans in portfolio by class, segregated by those for which a specific allowance was required and those for which a specific allowance was not necessary as of September 30, 2015 and 2014. 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) September 30, 2015: Residential mortgage $ — $ — $ 599 $ 599 $ 696 Construction and Development: Residential and commercial — — 121 121 253 Commercial: Commercial real estate — — 1,571 1,571 1,807 Consumer: Home equity lines of credit — — 20 20 36 Second mortgages — — 179 179 342 Total impaired loans $ — $ — $ 2,490 $ 2,490 $ 3,134 September 30, 2014: Residential mortgage $ — $ — $ 999 $ 999 $ 1,149 Construction and Development: Residential and commercial — — 187 187 842 Commercial: — — Commercial real estate — — 504 504 688 Other — — 900 900 900 Consumer: Home equity lines of credit — — 115 115 135 Second mortgages — — 695 695 894 Total impaired loans $ — $ — $ 3,400 $ 3,400 $ 4,608 The following table presents the average recorded investment in impaired loans in portfolio and related interest income recognized year ended September 30, 2015, 2014 and 2013. Average Impaired Loans Interest Income Recognized on Impaired Loans (In thousands) Year Ended September 30, 2015: Residential mortgages $ 729 $ — Construction and Development: Residential and commercial 144 5 Commercial: Commercial real estate 690 4 Other 340 12 Consumer: Home equity lines of credit 23 — Second mortgages 537 — Total $ 2,463 $ 21 Year Ended September 30, 2014: Residential mortgages $ 1,731 $ — Construction and Development: Residential and commercial 609 17 Land 240 14 Commercial: Commercial real estate 21 — Other 900 32 Consumer: Home equity lines of credit 104 — Second mortgages 622 — Total $ 4,227 $ 63 Year Ended September 30, 2013: Residential mortgages $ 3,375 $ 45 Construction and Development: Residential and commercial 5,940 65 Land 10 2 Commercial: Commercial real estate 4,763 255 Other 246 14 Consumer: Home equity lines of credit 22 1 Second mortgages 574 4 Total $ 14,930 $ 386 No additional funds are committed to be advanced in connection with impaired loans. The following table presents the classes of the loan portfolio summarized by loans considered to be rated as pass and the categories of special mention, substandard and doubtful within the Company’s internal risk rating system as of September 30, 2015 and 2014. September 30, 2015 Pass Special Mention Substandard Doubtful Total (In thousands) Residential mortgage $ 214,146 $ 130 $ 682 $ — $ 214,958 Construction and Development: Residential and commercial 5,450 106 121 — 5,677 Land 2,142 — — — 2,142 Commercial: Commercial real estate 78,207 4,791 4,688 — 87,686 Multi-family 7,166 278 — — 7,444 Other 12,387 272 721 — 13,380 Consumer: Home equity lines of credit 22,801 — 118 — 22,919 Second mortgages 36,834 133 666 — 37,633 Other 2,345 14 — — 2,359 Total $ 381,478 $ 5,724 $ 6,996 $ — $ 394,198 September 30, 2014 Pass Special Mention Substandard Doubtful Total (In thousands) Residential mortgage $ 230,065 $ 137 $ 1,122 $ — $ 231,324 Construction and Development: Residential and commercial 5,777 — 187 — 5,964 Land 1,033 — — — 1,033 Commercial: Commercial real estate 63,125 5,797 2,657 — 71,579 Multi-family 1,032 — — — 1,032 Other 3,555 1,025 900 — 5,480 Consumer: Home equity lines of credit 22,177 — 115 — 22,292 Second mortgages 46,292 21 721 — 47,034 Other 2,823 16 — — 2,839 Total $ 375,879 $ 6,996 $ 5,702 $ — $ 388,577 The following table presents loans on which we are no longer accruing interest by portfolio class at the dates indicated. September 30, 2015 2014 (In thousands) Residential mortgage $ 599 $ 1,232 Construction and Development: Residential and commercial 12 78 Commercial: Commercial real estate 589 504 Consumer: Home equity lines of credit 20 115 Second mortgages 179 462 Total non-accrual loans $ 1,399 $ 2,391 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 $84,000, $121,000 and $131,000 for fiscal 2015, 2014 and 2013, respectively. There were no loans past due 90 days or more and still accruing interest at September 30, 2015 or 2014. Management further monitors the performance and credit quality of the loan portfolio by analyzing the age of the portfolio as determined by whether a loan payment is “current,” that is, it is received from a borrower by the scheduled due date, or the length of time a scheduled payment is past due. The following table presents the classes of the loan portfolio summarized by the aging categories as of September 30, 2015 and 2014. Current 30 – 59 Days Past Due 60 – 89 Days Past Due 90 Days or More Past Due Total Past Due Total Loans Receivable (In thousands) September 30, 2015: Residential mortgage $ 213,253 $ 913 $ 193 $ 599 $ 1,705 $ 214,958 Construction and Development: Residential and commercial 5,665 — — 12 12 5,677 Land 2,142 — — — — 2,142 Commercial: Commercial real estate 86,119 485 493 589 1,567 87,686 Multi-family 7,444 — — — — 7,444 Other 13,380 — — — — 13,380 Consumer: Home equity lines of credit 22,899 — — 20 20 22,919 Second mortgages 37,010 345 99 179 623 37,633 Other 2,329 30 — — 30 2,359 Total $ 390,241 $ 1,773 $ 785 $ 1,399 $ 3,957 $ 394,198 September 30, 2014: Residential mortgage $ 229,257 $ 835 $ — $ 1,232 $ 2,067 $ 231,324 Construction and Development: Residential and Commercial 5,886 — — 78 78 5,964 Land 1,033 — — — — 1,033 Commercial: Commercial real estate 71,075 — — 504 504 71,579 Multi-family 1,032 — — — — 1,032 Other 5,480 — — — — 5,480 Consumer: Home equity lines of credit 22,177 — — 115 115 22,292 Second mortgages 45,847 200 525 462 1,187 47,034 Other 2,822 17 — — 17 2,839 Total $ 384,609 $ 1,052 $ 525 $ 2,391 $ 3,968 $ 388,577 Restructured loans deemed to be TDRs are typically the result of extension of the loan maturity date or a reduction of the interest rate of the loan to a rate that is below market, a combination of rate and maturity extension, or by other means including covenant modifications, forbearance and other concessions. However, the Company generally only restructures loans by modifying the payment structure to require payments of interest only for a specified period or by reducing the actual interest rate. Once a loan becomes a TDR, it will continue to be reported as a TDR during the term of the restructure. The Company had five loans classified as TDRs with an aggregate outstanding balance of $1.6 million and $1.1 million at September 30, 2015 and September 30, 2014, respectively. At September 30, 2015, these loans were also classified as impaired. Of the TDR loans, one construction and development loan and two commercial real estate loans continue to perform under the restructured terms through September 30, 2015 and we continued to accrue interest on such loan through such date. Two commercial loans to one borrower, with an aggregate balance of $492,000 were restructured during the year ended September 30, 2015 and deemed non-performing. The borrower is currently making payments as agreed under the terms of the restructuring of principal and interest payments. At September 30, 2014, three loans deemed TDRs with an aggregate balance of $1.1 million were classified as impaired; however, they were performing prior to the restructure and continued to perform under their restructured terms as of September 30, 2014, and, accordingly, were deemed to be performing loans at September 30, 2014 and we continued to accrue interest on such loans through such date. At September 30, 2014, one construction and development TDR loan with a balance of $78,000 was deemed a non-accruing TDR and was also deemed impaired at September 30, 2014. All of such loans have been classified as TDRs since we modified the payment terms and in some cases interest rate from the original agreements and allowed the borrowers, who were experiencing financial difficulty, to make interest only payments for a period of time in order to relieve some of their overall cash flow burden. Some loan modifications classified as TDRs may not ultimately result in the full collection of principal and interest, as modified, and result in potential incremental losses. These potential incremental losses have been factored into our overall estimate of the allowance for loan losses. The level of any defaults will likely be affected by future economic conditions. A default on a troubled debt restructured loan for purposes of this disclosure occurs when the borrower is 90 days past due or a foreclosure or repossession of the applicable collateral has occurred. TDRs may arise in which, due to financial difficulties experienced by the borrower, the Company obtains through physical possession one or more collateral assets in satisfaction of all or part of an existing credit. Once possession is obtained, the Company reclassifies the appropriate portion of the remaining balance of the credit from loans to OREO, which is included within other assets in the Consolidated Statements of 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, at September 30, 2015, the Company had $1.2 million of residential real estate properties in the process of foreclosure. 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 (Dollars in thousands) At September 30, 2015: Construction and Development: Residential and commercial 1 $ 109 — $ — Commercial: Commercial real estate 4 1,474 2 982 Total 5 $ 1,583 2 $ 982 At September 30, 2014: Construction and Development: Residential and commercial 2 $ 187 1 $ 78 Commercial: Other 1 900 — — Total  3 $ 1,087 1 $ 78 The following table reports the performing status of all TDR loans. The performing status is determined by the loans compliance with the modified terms. September 30, 2015 2014 Performing Non- Performing Performing Non- Performing (In thousands) Construction and Development: Residential and commercial $ 109 $ — $ 109 $ 78 Commercial: Commercial real estate 982 492 — — Other — — 900 — Total $ 1,091 $ 492 $ 1,009 $ 78 The following table shows the new TDR’s for the twelve months ended September 30, 2015 and 2014. September 30, 2015 2014 Restructured During Period Number of Loans Pre- Modifications Outstanding Recorded Investments Post- Modifications Outstanding Recorded Investments Number of Loans Pre- Modifications Outstanding Recorded Investments Post- Modifications Outstanding Recorded Investments (In thousands) Troubled Debt Restructurings: Construction and Development: Residential and commercial — $ — $ — 1 $ 437 $ 437 Commercial: Commercial real estate 4 1,485 1,485 — — — Total 4 $ 1,485 $ 1,485 1 $ 437 $ 437 The following table sets forth the aggregate dollar amount of loans to principal officers, directors and their affiliates in the normal course of business of the Company. Year Ended September 30, (In thousands) 2015 2014 Balance at beginning of year $ 252 $ 523 New loans 8,474 — Repayments (3,091 ) (271 ) Balance at end of year $ 5,635 $ 252 At September 30, 2015, 2014 and 2013, the Company was servicing loans for the benefit of others in the amounts of $54.1 million, $59.9 million and $44.4 million, respectively. A summary of mortgage servicing rights included in other assets and the activity therein follows for the periods indicated: September 30, 2015 2014 2013 (In thousands) Balance at beginning of year $ 453 $ 271 $ 107 Amortization (82 ) 22 6 Addition 30 160 158 Balance at end of year $ 401 $ 453 $ 271 For the fiscal year ended September 30, 2015, 2014 and 2013, the fair value of servicing rights was determined using a base discount rate between 11% and 12%. The fair market value is evaluated by a third party vendor on a quarterly basis for impairment purposes only. For the fiscal year ended September 30, 2015, we sold $4.1 million of long-term, fixed-rate residential mortgage loans with the servicing retained. This transaction resulted in a gain of $102,000. For the fiscal year ended September 30, 2014, we sold $7.7 million of long-term, fixed-rate residential mortgage loans with the servicing retained. This transaction resulted in a gain of $71,000. For the fiscal year ended September 30, 2013, we sold $17.7 million of long-term, fixed-rate residential mortgage loans with the servicing retained. This transaction resulted in a gain of $366,000. No valuation allowance on servicing rights has been recorded at September 30, 2015, 2014, or 2013.

Property and Equipment

Property and Equipment	12 Months Ended
	Sep. 30, 2015
Property, Plant and Equipment [Abstract]
Property and Equipment	Note 7 - Property and Equipment Property and equipment, net consisted of the following at September 30, 2015 and 2014: September 30, Estimated Useful Life (years) 2015 2014 (In thousands) Land - $ 711 $ 711 Building and improvements 10-39 11,124 11,013 Construction in process - 154 - Furniture, fixtures and equipment 3-7 4,317 4,223 16,306 15,947 Accumulated depreciation (9,771 ) (9,124 ) $ 6,535 $ 6,823 Depreciation expense was approximately $646,000, $638,000 and $695,000 for the years ended September 30, 2015, 2014 and 2013, respectively. We also had a $41,000 loss on disposal of fixed assets related to the closure of our Westtown branch in June 2014.

Deposits

Deposits	12 Months Ended
	Sep. 30, 2015
Deposits:
Deposits	Note 8 - Deposits Deposits classified by interest rates with percentages to total deposits at September 30, 2015 and 2014 consisted of the following: September 30, 2015 2014 Amount Percent of Amount Percent of (Dollars in thousands) Balances by types of deposit: Tiered savings $ 2,249 0.48 % $ 2,198 0.53 % Regular savings 42,940 9.23 42,719 10.34 Money market accounts 108,706 23.35 59,529 14.42 Checking and NOW accounts 82,897 17.81 81,921 19.84 Non-Interest bearing demand 27,010 5.80 23,059 5.58 263,802 56.67 209,426 50.71 Certificates of deposit 201,720 43.33 203,527 49.29 Total $ 465,522 100.00 % $ 412,953 100.00 % The total amount of certificates of deposit greater than $100,000 at September 30, 2015 and 2014 was $112.1million and $101.7 million, respectively. Currently, amounts above $250,000 are not insured by the Federal Deposit Insurance Corporation (“FDIC”). Interest expense on deposits consisted of the following for the years: September 30, 2015 2014 2013 (In thousands) Savings accounts $ 29 $ 27 $ 24 Checking and NOW accounts 83 85 119 Money market accounts 271 164 228 Certificates of deposit 3,048 3,693 4,908 Total deposits $ 3,431 $ 3,969 $ 5,279 The following is a schedule of certificates of deposit maturities. September 30, 2015 (In thousands) Maturing in the Fiscal Year Ending September 30, 2016 $ 100,331 2017 52,168 2018 30,115 2019 12,198 2020 3,051 2021 and thereafter 3,857 $ 201,720 Deposits from related parties held by the Company at September 30, 2015 and 2014 amounted to $5.5 million and $663,000, respectively.

Borrowings

Borrowings	12 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
Borrowings	Note 9 - Borrowings Under terms of its collateral agreement with the Federal Home Loan Bank of Pittsburgh (“FHLB”), the Company maintains otherwise unencumbered qualifying assets in an amount at least equal to its borrowings. Under an agreement with the FHLB, the Company has a line of credit available in the amount of $108.5 million and $103.8 million, respectively, of which none was outstanding at September 30, 2015 or 2014. The interest rate on the line of credit at September 30, 2015 and 2014 was 0.34% and 0.28%, respectively. The summary of long-term borrowings as of September 30, 2015 and 2014 are as follows: September 30, 2015 2014 Weighted Average Weighted Average Amount Rate Amount Rate (Dollars in thousands) Due by September 30: 2015 $ - -% $ 10,000 0.83 % 2016 20,000 0.61 5,000 1.34 2017 - - - - 2018 30,000 3.38 28,000 3.31 2019 25,000 2.12 5,000 1.77 2020 28,000 2.51 - - Total FHLB Advances $ 103,000 2.48 % $ 48,000 2.59 % At September 30, 2015, the Company had $103.0 million in outstanding long-term fixed rate FHLB advances and $127.4 million in potential FHLB advances available to us, which is based on the amount of FHLB stock held or levels of other assets, including U.S. government securities, and certain mortgage loans which are available for collateral.

Derivatives

Derivatives	12 Months Ended
	Sep. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives	Note 10 - Derivatives The Company is exposed to certain risks arising from both its business operations and economic conditions. The Company principally manages its exposures to a wide variety of business and operational risks through management of its core business activities. The Company manages economic risks, including interest rate, liquidity, and credit risk primarily by managing the amount, sources, and duration of its debt funding and the use of derivative financial instruments. Specifically, the Company enters into derivative financial instruments to manage exposures that arise from business activities that result in the payment of future uncertain cash amounts, the value of which are determined by interest rates. The Company’s objectives in using interest rate derivatives are to add stability to interest expense and to manage its exposure to interest rate movements. To accomplish this objective, the Company primarily uses interest rate swaps as part of its interest rate risk management strategy. Interest rate swaps designated as cash flow hedges involve the receipt of variable amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. The effective portion of changes in the fair value of derivatives designated and that qualify as cash flow hedges is recorded in Accumulated Other Comprehensive Income and is subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. During 2015, such derivatives were used to hedge the variable cash flows associated with FHLB advances. The ineffective portion of the change in fair value of the derivatives is recognized directly in earnings. The Company’s derivatives did not have any hedge ineffectiveness recognized in earnings during fiscal 2015. Amounts reported in accumulated other comprehensive income related to derivatives will be reclassified to interest expense as interest payments are made on the Company’s variable-rate debt. During the next twelve months, the Company does not estimate any amounts to be reclassified to earnings. 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 effects of derivative instruments on the Consolidated Financial Statements for September 30, 2015 are as follows: September 30, 2015 Notional Amount Fair Value Balance Sheet Location Expiration Date (Dollars in thousand) Derivatives designated as hedging instruments Interest rate swaps by effective date: August 3, 2015 $ 15,000 $ 348 Other liabilities August 3, 2020 Interest expense recorded on these swaps transactions totaled approximately $36,000 during 2015 and is reported as a component of interest expense on FHLB Advances. There are no related expenses for the years ended September 30, 2014 or 2013. Cash Flow Hedge The following table presents the net gains (losses) recorded in accumulated other comprehensive income and the Consolidate Statements of Income relating to the cash flow derivative instruments for the year ended September 30: 2015 Amount of Gain (Loss) Recognized in OCI (Effective Portion) Amount of Gain (Loss) Reclassified from OCI to Interest Expense Amount of Gain (Loss) Recognized in Other Non-Interest Income (Ineffective Portion) (In thousands) Interest Rate Contracts $ 348 $ 36 $ — As of September 30, 2015, the fair value of derivatives in a net liability position, which includes accrued interest but excludes any adjustment for nonperformance risk, related to these agreements was $195,000. As of September 30, 2015, the Company has minimum collateral posting thresholds with certain of its derivative counterparties and has posted collateral of $600,000 against its obligations under these agreements. If the Company had breached any of these provisions at September 30, 2015, it could have been required to settle its obligations under the agreements at the termination value and would have been required to pay any additional amounts due in excess of amounts previously posted as collateral with the respective counterparty.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 11 - Fair Value Measurements The Company follows FASB ASC Topic 820 “Fair Value Measurement,” to record fair value adjustments to certain assets and to determine fair value disclosures for the Company’s financial instruments. Investment and mortgage-backed securities available for sale are recorded at fair value on a recurring basis. Additionally, from time to time, the Company may be required to record at fair value other assets on a nonrecurring basis, such as impaired loans, real estate owned and certain other assets. These nonrecurring fair value adjustments typically involve application of lower-of-cost-or-market accounting or write-downs of individual assets. 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. FASB ASC Topic 825 “Financial Instruments” provides an option to elect fair value as an alternative measurement for selected financial assets and financial liabilities not previously recorded at fair value. The fair value of a financial instrument is the current amount that would be exchanged between willing parties, other than in a forced liquidation. The Company monitors and evaluates available data to perform fair value measurements on an ongoing basis and recognizes transfers among the levels of the fair value hierarchy as of the date event or a change in circumstances that affects the valuation method chosen. There were no changes in valuation technique or transfers between levels as of and for the years ended September 30, 2015 and 2014. The tables below present the balances of assets measured at fair value on a recurring basis at September 30, 2015 and 2014: September 30, 2015 Total Level 1 Level 2 Level 3 (In thousands) Assets: Investment securities available-for-sale: Debt securities: U.S. government agencies $ 815 $ — $ 815 $ — State and municipal obligations 42,083 — 42,083 — Single issuer trust preferred security 850 — 850 — Corporate debt securities 69,982 — 69,982 — Total investment securities available-for-sale 113,730 — 113,730 — Mortgage-backed securities available-for-sale: FNMA, fixed-rate 8,692 — 8,692 — FHLMC, fixed-rate 5,932 — 5,932 — Total mortgage-backed securities available-for-sale 14,624 — 14,624 — Total investments securities available for sale $ 128,354 $ — $ 128,354 $ — Liabilities: Derivative instruments $ 348 $ — $ 348 $ — September 30, 2014 Total Level 1 Level 2 Level 3 (In thousands) Assets: Investment securities available-for-sale: Debt securities: U.S. government agencies $ 19,256 $ — $ 19,256 $ — State and municipal obligations 2,500 — 2,500 — Single issuer trust preferred security 880 — 880 — Corporate debt securities 1,525 — 1,525 — Total investment securities available-for-sale 24,161 — 24,161 — Mortgage-backed securities available-for-sale: FNMA: Adjustable-rate 418 — 418 — Fixed-rate 16,808 — 16,808 — FHLMC: Adjustable-rate 3,595 — 3,595 — Fixed-rate 11,996 — 11,996 — CMO, fixed-rate-fate 43,965 — 43,965 — Total mortgage-backed securities available-for-sale 76,782 — 76,782 — Total investments securities available for sale $ 100,943 $ — $ 100,943 $ — For assets measured at fair value on a nonrecurring basis in fiscal 2015 and fiscal 2014 that were still held at the end of the period, the following table provides the level of valuation assumptions used to determine each adjustment and the carrying value of the related individual assets or portfolios at September 30, 2015 and 2014: September 30, 2015 Total Level 1 Level 2 Level 3 (In thousands) Impaired loans (1) (2) $ 48 $ — $ — $ 48 Mortgage servicing rights 30 — 30 — Total $ 78 $ — $ 30 $ 48 September 30, 2015 Fair Value at Valuation Technique Unobservable Input Range/(Weighted (Dollars in thousands) Impaired loans (1) (2) $ 48 Appraisal of collateral (3) Collateral discounts (4) 65 − 80%/(74%) Total $ 48 (1) At September 30, 2015, consisted of two loans with an aggregate balance of $48,000 and there were no specific loan loss allowance. (2) Includes assets directly charged-down to fair value during the year-to-date period. (3) Fair value is generally determined through independent appraisals of the underlying collateral primarily using comparable sales. (4) Appraisals may be adjusted by management for qualitative factors such as time, changes in economic conditions and estimated liquidation expense. September 30, 2014 Total Level 1 Level 2 Level 3 (In thousands) Other real estate owned $ 1,030 $ — $ — $ 1,030 Impaired loans (1) (2) 887 — — 887 Mortgage servicing rights 160 — 160 — Total $ 2,077 $ — $ 160 $ 1,917 September 30, 2014 Fair Value at Valuation Technique Unobservable Input Range/(Weighted (Dollars in thousands) Other real estate owned $ 1,030 Appraisal of collateral (3) Collateral discounts (4) 16 − 72%/(38%) Impaired loans (1) (2) 887 Appraisal of collateral (3) Collateral discounts (4) 7 − 52%/(20%) Total $ 1,917 (1) At September 30, 2014, consisted of six loans with an aggregate balance of $887,000 and no specific loan loss allowance. (2) Includes assets directly charged-down to fair value during the year-to-date period. (3) Fair value is generally determined through independent appraisals of the underlying collateral primarily using comparable sales. (4) Appraisals may be adjusted by management for qualitative factors such as time, changes in economic conditions and estimated liquidation expenses. The following table shows active information regarding significant techniques and inputs used at September 30, 2015 and 2014 for measures in a non-recurring basis using unobservable inputs (Level 2): Fair Value at Valuation Unobservable Method or Value as of (In thousands) Mortgage servicing rights $ 30 Discounted rate Discount rate 11.00 – 12.00% Rate used through Loan prepayment speeds 14.73% Weighted-average Servicing fees 0.25% Of loan balance Servicing costs $ 6.25% Monthly servicing $300 – 500 Additional monthly Fair Value at Valuation Unobservable Method or Value as of (In thousands) Mortgage servicing rights $ 160 Discounted rate Discount rate 11.00 – 12.00% Rate used through Loan prepayment speeds 14.15% Weighted-average Servicing fees 0.25% Of loan balance Servicing costs $6.25 Monthly servicing $300 – 500 Additional monthly 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 September 30, 2015 and 2014. Although management is not aware of any factors that would significantly affect the estimated fair value amounts, such amounts have not been comprehensively revalued for purposes of these financial statements since September 30, 2015 and 2014 and, therefore, current estimates of fair value may differ significantly from the amounts presented herein. The following assumptions were used to estimate the fair value of the Company’s financial instruments: Cash and Cash Equivalents Investment Securities Loans Receivable Impaired Loans Accrued Interest Receivable Restricted Stock Other Real Estate Owned Deposits Long-Term Borrowings Derivatives Accrued Interest Payable Commitments to Extend Credit and Letters of Credit Mortgage Servicing Rights The carrying amount and estimated fair value of the Company’s financial instruments as of September 30, 2015 and 2014 were as follows: Carrying Fair Value Level 1 Level 2 Level 3 (In thousands) September 30, 2015: Financial assets: Cash and cash equivalents $ 40,263 $ 40,263 $ 40,263 $ — $ — Investment securities available-for-sale 128,354 128,354 — 128,354 — Investment securities held-to-maturity 57,221 56,825 — 56,825 — Loans receivable, net 391,307 400,305 — — 400,305 Accrued interest receivable 2,484 2,484 — 2,484 — Restricted stock 4,765 4,765 — 4,765 — Mortgage servicing rights 401 416 — 416 — Financial liabilities: Savings accounts 45,189 45,189 — 45,189 — Checking and NOW accounts 109,907 109,907 — 109,907 — Money market accounts 108,706 108,706 — 108,706 — Certificates of deposit 201,720 203,257 — 203,257 — FHLB advances 103,000 104,889 — 104,889 — Derivatives 348 348 — 348 — Accrued interest payable 396 396 — 396 — September 30, 2014: Financial assets: Cash and cash equivalents $ 19,187 $ 19,187 $ 19,187 $ — $ — Investment securities available-for-sale 100,943 100,943 — 100,943 — Loans receivable, net 386,074 388,202 — — 388,202 Accrued interest receivable 1,322 1,322 — 1,322 — Restricted stock 3,503 3,503 — 3,503 — Mortgage servicing rights 453 512 — 512 — Financial liabilities: Savings accounts 44,917 44,917 — 44,917 — Checking and NOW accounts 104,980 104,980 — 104,980 — Money market accounts 59,529 59,529 — 59,529 — Certificates of deposit 203,527 207,080 — 207,080 — FHLB advances 48,000 49,627 — 49,627 — Accrued interest payable 149 149 — 149 —

Income Taxes

Income Taxes	12 Months Ended
	Sep. 30, 2015
Income Tax Disclosure [Abstract]
Income Taxes	Note 12 - Income Taxes As of September 30, 2015, the Company’s net deferred tax asset before the consideration of a valuation allowance was $11.4 million compared to $12.6 million as of September 30, 2014. The $11.4 million deferred tax asset, prior to valuation allowance, is comprised of the $6.4 million in net operating loss (“NOL”) carryovers and $5.1 million attributable to other items. The largest component of temporary difference deferred tax asset (“DTA”) relates to the allowance for loan losses which totaled $3.0 million as of September 30, 2015. In accordance with ASC Topic 740, the Company evaluates on a quarterly basis, all evidence, both positive and negative, to determine whether, based on the weight of that evidence, a valuation allowance for DTAs is needed. In conducting this evaluation, management explores all possible sources of taxable income available under existing tax laws to realize the net deferred tax asset beginning with the most objectively verifiable evidence first, including available carry back claims and viable tax planning strategies. If needed, management will look to future taxable income as a potential source. Management reviews the Company’s current financial position and its results of operations for the current and preceding years. That historical information is supplemented by all currently available information about future years. The Company understands that projections about future performance are subjective. In accordance with ASC Topic 740, the Company considered certain prudent and feasible tax-planning strategies available at September 30, 2015 that, if implemented, could prevent an operating loss or tax credit carry-forward from expiring unused and could result in realization of the existing DTA. The Company has no present intention to implement such strategies; however, in the event that the Company determined future earnings would not be sufficient to realize the deferred tax asset, the Company has the ability to realize a portion of DTA through proven tax strategies such as: selling available-for-sale securities in a gain position from the investment portfolio, surrendering BOLI policies, and selling loans in a gain position from the loan portfolio, as well as sales or sale/leaseback of branch offices/office buildings to recognize built-in gains. Based on the Company’s analysis of positive and negative evidence, the Company determined a DTA valuation allowance of $8.0 million was needed as of September 30, 2015. When determining an estimate for a valuation allowance, the Company assessed the possible sources of taxable income available under tax law to realize a tax benefit for deductible temporary differences and carryforwards as defined in ASC Topic 740. As a result of cumulative losses in recent periods and the uncertain nature of the current economic environment as of September 30, 2015, the Company did not use projections of future taxable income as a factor. The Company will exclude future taxable income as a factor until it can show consistent and sustained profitability. The Company will continue to reevaluate the realizability of the DTA and the valuation allowance may be adjusted in future periods accordingly. Deferred income taxes at September 30, 2015 and 2014 were as follows: September 30, 2015 2014 (In thousands) Deferred Tax Assets: Unrealized loss on investments available for sale $ 383 $ 932 Allowance for loan losses 2,985 3,051 Non-accrual interest 98 122 Write-down of real estate owned 106 270 Alternative minimum tax (AMT) credit carryover 128 64 Low-income housing tax credit carryover 337 337 Supplement Employer Retirement Plan 455 455 Charitable contributions 36 36 Depreciation 205 127 Federal net operating loss 6,375 7,159 Other 338 54 Total Deferred Tax Assets 11,446 12,607 Valuation allowance for DTA (8,043 ) (10,074 ) Total Deferred Tax Assets, Net of Valuation Allowance $ 3,403 $ 2,533 Deferred Tax Liabilities: State net operating income (187 ) (3 ) Mortgage servicing rights (136 ) (154 ) Other (206 ) - Total Deferred Tax Liabilities (529 ) (157 ) Deferred Tax Assets, Net $ 2,874 $ 2,376 Of these DTA, the carryforward periods for certain tax attributes are as follows: • Gross federal net operating loss carryforwards of $18.7 million (net DTA of $6.4 million) to expire in the fiscal year ending September 30, 2031; • Low income housing credit carryforwards of $337,000 to expire in the fiscal years ending September 30, 2030 and 2031; • AMT credit carryforward has no expiration date; and • Gross charitable contributions carryforwards of $105,000 (net DTA of $36,000) to expire in the fiscal years ending September 30, 2016 through September 30, 2018. Income tax expense for the years ended September 30, 2015, 2014 and 2013 was comprised of the following: September 30, 2015 2014 2013 (In thousands) Federal: Current $ 1,035 $ 388 $ (15 ) Deferred (1,035 ) (367 ) 6,025 - 21 6,010 State, current - - - $ - $ 21 $ 6,010 The following reconciliation between federal income tax at the statutory rate of 34% and the actual income tax expense (benefit) recorded on income (loss) before income taxes for the years ended September 30, 2015, 2014 and 2013: September 30, 2015 2014 2013 (Dollars in thousands) At federal statutory rate at 34% $ 1,257 $ - $ (4,350 ) Adjustments resulting from: Tax-exempt interest (186 ) - (77 ) Earnings on bank-owned life insurance (231 ) - (400 ) Federal tax on cash surrender of BOLI - 21 - DTA valuation allowance (873 ) - 10,724 Other 33 - 113 $ - $ 21 $ 6,010 Effective tax rate 0.0 % 3.3 % (47.0 )% It is the Company’s policy to provide for uncertain tax positions and the related interest and penalties based upon management’s assessment of whether a tax benefit is more like than not to be sustained upon examination by tax authorities. As of September 30, 2015 and 2014, there were no material uncertain tax positions related to federal and state income tax matters. The Company is currently open to audit under the statute of limitation by the Internal Revenue Service and state taxing authorities for the years ended September 30, 2012 to September 30, 2015. The Small Business Job Protection Act of 1996 provides for the repeal of the tax bad debt deduction computed under the percentage-of-taxable-income method. Upon repeal, the Company was required to recapture into income, over a six-year period, the portion of its tax bad debt reserves that exceeds its base year reserves (i.e., tax reserves for tax years beginning before 1988). The base year tax reserves, which may be subject to recapture if the Company ceases to qualify as a bank for federal income tax purposes, are restricted with respect to certain distributions and have been treated as a permanent tax difference.

Leases

Leases	12 Months Ended
	Sep. 30, 2015
Leases [Abstract]
Leases	Note 13 - Leases Pursuant to the terms of non-cancelable operating lease agreements expiring in September 2030, pertaining to Company property, future minimum rent commitments are (In thousands): Years ending September 30: 2016 $ 252 2017 214 2018 215 2019 214 2020 215 Thereafter 3,905 $ 5,015 The Company receives rents from the lease of office and residential space owned by the Company. Future minimum rental commitments under these leases are (In thousands): Years ending September 30: 2016 $ 156 2017 106 2018 23 2019 - 2020 - $ 285

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Sep. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 14 - Commitments and Contingencies The Company is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit, unused lines of credit and standby letters of credit. Such commitments involve, to varying degrees, elements of credit, and interest rate risk in excess of the amount recognized in the statements of financial condition. The Company’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit is represented by the contractual amount of those instruments. The Company uses the same credit policies in making commitments and conditional obligations as it does for on-balance sheet instruments. Letters of credit are conditional commitments issued by the Company guaranteeing payments of drafts in accordance with the terms of the letter of credit agreements. Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third party. Collateral may be required to support letters of credit based upon management’s evaluation of the creditworthiness of each customer. The credit risk involved in issuing letters of credit is substantially the same as that involved in extending loan facilities to customers. Most letters of credit expire within one year. At September 30, 2015 and 2014, the uncollateralized portion of the letters of credit extended by the Company was approximately $566,000 and $3.3 million, respectively. The current amount of the liability for guarantees under letters of credit was not material as of September 30, 2015 or 2014. At September 30, 2015 and 2014, the following financial instruments were outstanding whose contract amounts represent credit risk: September 30, 2015 2014 (In thousands) Commitments to extend credit: Future loan commitments $ 26,849 $ 10,952 Undisbursed construction loans 14,187 2,873 Undisbursed home equity lines of credit 27,074 14,867 Undisbursed commercial lines of credit 20,325 948 Undisbursed commercial unsecured lines of credit 5,275 - Overdraft protection lines 840 133 Standby letters of credit 566 3,302 Total Commitments $ 95,116 $ 33,075 Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. The Company evaluates each customer’s credit worthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Company upon extension of credit, is based on management’s credit evaluation. Collateral held varies but generally includes personal or commercial real estate. Unfunded commitments under commercial lines of credit are collateralized except for the overdraft protection lines of credit and commercial unsecured lines of credit. The amount of collateral obtained is based on management’s credit evaluation, and generally includes personal or commercial real estate. Various legal claims arise from time to time in the normal course of business which, in the opinion of management, will have no material effect on the Company’s consolidated financial statements.

Regulatory Matters

Regulatory Matters	12 Months Ended
	Sep. 30, 2015
Banking and Thrift [Abstract]
Regulatory Matters	Note 15 - Regulatory Matters The Bank is subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Bank’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of the Bank’s assets, liabilities and certain off-balance 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 July of 2013 the respective U.S. federal banking agencies issued final rules implementing Basel III and the Dodd-Frank Act capital requirements to be fully phased in on a global basis on January 1, 2019. The new regulations establish a new tangible common equity capital requirement, increase the minimum requirement for the current Tier 1 risk-weighted asset (“RWA”) ratio, phase out certain kinds of intangibles treated as capital and certain types of instruments and change the risk weightings of certain assets used to determine required capital ratios. The new common equity Tier 1 capital component requires capital of the highest quality – predominantly composed of retained earnings and common stock instruments. For community banks such as Malvern Federal Savings Bank, a common equity Tier 1 capital ratio 4.5% became effective on January 1, 2015. The new capital rules also increased the current minimum Tier 1 capital ratio from 4.0% to 6.0% beginning on January 1, 2015. In addition, in order to make capital distributions and pay discretionary bonuses to executive officers without restriction, an institution must also maintain greater than 2.5% in common equity attributable to a capital conservation buffer to be phased in from January 1, 2016 until January 1, 2019. The new rules also increase the risk weights for several categories of assets, including an increase from 100% to 150% for certain acquisition, development and construction loans and more than 90-day past due exposures. The new capital rules maintain the general structure of the prompt corrective action rules, but incorporate the new common equity Tier 1 capital requirement and the increased Tier 1 RWA requirement into the prompt corrective action framework. The Bank will remain well capitalized under the implementation of Basel III, which is effective January 1, 2015. 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). In addition to the standard regulatory capital requirements, the Bank also is required to satisfy individual minimum capital ratios (“IMCRs”) imposed by the Office of the Comptroller of the Currency of 8.5% Tier 1 capital to adjusted total assets, 10.5% Tier 1 risk-based capital to risk-weighted assets and 12.5% total risk-based capital to risk-weighted assets. Management believes, as of September 30, 2015, that the Bank met all capital adequacy requirements to which it was subject. The Bank’s actual capital amounts and ratios are also presented in the table: Actual For Capital Adequacy To be Well Capitalized Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) As of September 30, 2015: Core Capital (to adjusted tangible assets) $ 69,030 10.80 ≥25,573 4.00 ≥31,966 5.00 % Common equity Tier 1(to risk-weighted assets) 69,030 15.90 ≥19,538 4.50 ≥28,222 6.50 Tier 1 Capital (to risk-weighted assets) 69,030 15.90 ≥26,051 6.00 ≥34,734 8.00 Total risk-based Capital (to risk-weighted assets) 73,759 16.99 ≥34,734 8.00 ≥43,418 10.00 As of September 30, 2014: Tangible Capital (to tangible assets) $ 64,414 12.09 % $ ≥7,990 1.50 % $ - N/A Core Capital (to adjusted tangible assets) 64,414 12.09 ≥21,305 4.00 ≥26,632 5.00 % Tier 1 Capital (to risk-weighted assets) 64,414 19.50 ≥13,212 4.00 ≥19,818 6.00 Total risk-based Capital (to risk-weighted assets) 68,549 20.75 ≥26,424 8.00 ≥33,030 10.00 The following table presents a reconciliation of the Bank’s equity determined using accounting principles generally accepted in the United States of America (“US GAAP”) and its regulatory capital amounts as of September 30, 2015 and 2014: September 30, 2015 2014 (In thousands) Bank GAAP equity $ 67,951 $ 63,454 Disallowed portion of deferred tax asset - (670 ) Net unrealized gain on securities available for sale, net of income taxes 743 1,630 Net unrealized gain on derivatives, net of income taxes 336 - Tangible Capital , Core Capital and Tier 1 Capital 69,030 64,414 Allowance for loan losses 4,729 4,135 Total Risk-Based Capital $ 73,759 $ 68,549

Comprehensive Income (Loss)

Comprehensive Income (Loss)	12 Months Ended
	Sep. 30, 2015
Equity [Abstract]
Comprehensive Income (Loss)	Note 16 – Comprehensive Income (Loss) The components of accumulated other comprehensive (loss) included in shareholders’ equity are as follows: September 30, 2015 2014 2013 (In thousands) Net unrealized holding gains (losses) on available-for-sale securities $ (1,011 ) $ (2,736 ) $ (4,072 ) Tax effect 344 931 1,384 Net of tax amount (667 ) (1,805 ) (2,688 ) Net unrealized holding losses on securities available-for-sale transferred to held-to-maturity (115 ) — — Tax effect 39 — — Net of tax amount (76 ) — — Fair value adjustment on derivatives (348 ) — — Tax effect 12 — — Net of tax amount (336 ) — — Total accumulated other comprehensive loss $ (1,079 ) $ (1,805 ) $ (2,688 ) Other comprehensive income (loss) and related tax effects are presented in the following table: Year Ended September 30, 2015 2014 2013 (In thousands) Net unrealized holding gains (losses) on available-for-sale securities $ 2,120 $ 1,419 $ (4,565 ) Net realized gain on securities available-for-sale (515 ) (83 ) (479 ) Amortization of unrealized holding losses on securities available-for-sale transferred to held-to-maturity (2) 5 — — Fair value adjustment on derivatives (348 ) — — Other comprehensive income (loss) before taxes 1,262 1,336 (5,044 ) Tax effect (536 ) (453 ) 1,715 Total comprehensive income (loss) $ 726 $ 883 $ (3,329

Condensed Financial Information

Condensed Financial Information - Parent Company Only	12 Months Ended
	Sep. 30, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Financial Information - Parent Company Only	Note 17 – Condensed Financial Information - Parent Company Only Condensed Statements of Financial Condition September 30, 2015 2014 (In thousands) Assets Cash and Cash Equivalents $ 5,325 $ 2,438 Investment in subsidiaries 67,952 63,454 Investment securities available for sale, at fair value - 8,329 Investment securities held to maturity, (fair value at $5,666) 5,762 - Loans receivable, net 1,842 1,969 Deferred income taxes, net - 91 Other assets 531 539 Total Assets $ 81,412 $ 76,820 Liabilities Accounts payable $ 21 $ 48 Shareholders’ Equity 81,391 76,772 Total Liabilities and Shareholders’ Equity $ 81,412 $ 76,820 Condensed Statements of Operations Year Ended September 30, 2015 2014 2013 (In thousands) Income Interest income $ 196 $ 254 $ 184 Total Interest Income 196 254 184 Gain on sale of investment securities - - - Expense Other operating expenses 251 331 17 Total Other Expenses 251 331 17 Gain (Loss) before Equity in Undistributed Net (Loss) Income of Subsidiaries and Income Tax Expense (55 ) (77 ) 167 Equity in Undistributed Net Income (Loss) of Subsidiaries 3,753 400 (18,839 ) Income tax expense - - 131 Net Income (Loss) $ 3,698 $ 323 $ (18,803 ) Year Ended September 30, 2015 2014 2013 (In thousands) Net Income (Loss) $ 3,698 $ 323 $ (18,803 ) Other Comprehensive Income (Loss): Changes in net unrealized net gains and losses on securities available for sale 267 46 (312 ) Gains realized on sale of securities in net income (loss) - - - 267 46 (312 ) Deferred income tax effect (91 ) (16 ) 106 Total other comprehensive income (loss) 176 30 (206 ) Total comprehensive income (loss) $ 3,874 $ 353 $ (19,009 ) Condensed Statements of Cash Flows Year Ended September 30, 2015 2014 2013 (In thousands) Cash Flows from Operating Activities Net income (loss) $ 3,698 $ 323 $ (18,803 ) Undistributed net (income) loss of subsidiaries (3,752 ) (400 ) 18,839 Deferred income taxes, net 84 197 106 ESOP shares committed to be released 195 160 169 Amortization of discounts on investment securities - - 40 Decrease in accounts payable (27 ) (14 ) - Decrease (increase) in other assets 239. 227. (197 ) Net Cash Provided by Operating Activities 437 493 154 Cash Flows from Investing Activities Proceeds from maturities and principal collection on investments available for sale, net - 422 1,474 Proceeds from maturities and principal collection on investments held to maturity 511 - - Purchases of investment securities - (992 ) (10,299 ) Calls, sales of investment securities 1,812 - 200 Loan originations and principal collections, net 127 121 115 Net Cash Provided by(Used in) Investing Activities 2,450 (449 ) (8,510 ) Cash Flows from Financing Activities Proceeds from stock issuance net of offering costs - - 34,732 Capitalization - - (25,000 ) Capitalization of Mutual Holding Company - - 100 Net Cash Provided by Financing Activities - - 9,832 Net Increase in Cash and Cash Equivalents 2,887 44 1,476 Cash and Cash Equivalents - Beginning 2,438 2,394 918 Cash and Cash Equivalents - Ending $ 5,325 $ 2,438 $ 2,394

Summary of Significant Accoun26

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Basis of Presentation and Consolidation	Basis of Presentation and Consolidation The consolidated financial statements at and for the years ended September 30, 2015, 2014 and 2013 include the accounts of Malvern Bancorp, Inc. and its subsidiaries. All significant intercompany transactions and balances have been eliminated.
Use of Estimates	Use of Estimates The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of income and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses, other real estate owned, the valuation of deferred tax assets, the evaluation of other-than-temporary impairment of investment securities, derivatives and fair value measurements. Fair value is generally defined as the amount at which an asset or liability could be exchanged in a current transaction between willing, unrelated parties, other than in a forced or liquidation sale. Fair value is based on quoted market prices in an active market, or if market prices are not available, is estimated using models employing techniques such as matrix pricing or discounting expected cash flows. Interest rate swaps are valued by a third party, using models that primarily use market observable inputs, such as yield curves, and are validated by comparison with valuations provided by the respective counterparties. The credit risk associated with derivative financial instruments that are subject to master netting agreements is measured on a net basis by counterparty portfolio.
Significant Group Concentrations of Credit Risk	Significant Group Concentrations of Credit Risk Most of the Company’s activities are with customers located within Chester and Delaware Counties, Pennsylvania. Note 5 discusses the types of investment securities that the Company invests in. Note 6 discusses the types of lending that the Company engages in. The Company does not have any significant concentrations to any one industry or customer. Although the Company has a diversified portfolio, its debtors ability to honor their contracts is influenced by, among other factors, the region’s economy.
Cash and Cash Equivalents	Cash and Cash Equivalents For purposes of reporting cash flows, cash and cash equivalents include cash on hand, amounts due from depository institutions and interest bearing deposits. The Company maintains cash deposits in other depository institutions that occasionally exceed the amount of deposit insurance available. Management periodically assesses the financial condition of these institutions and believes that the risk of any possible credit loss is minimal. The Company is required to maintain average reserve balances in vault cash with the Federal Reserve Bank based upon outstanding balances of deposit transaction accounts. Based upon the Company’s outstanding transaction deposit balances, the Bank maintained a deposit account with the Federal Reserve Bank of Philadelphia in the amount of $3.7 million and $3.2 million at September 30, 2015 and 2014, respectively.
Investment Securities	Investment Securities Held-to-maturity (“HTM”) are securities that include debt securities that the Company has the positive intent and the ability to hold to maturity; these securities are reported at amortized cost and adjusted for unamortized premiums and discounts. Securities held for trading are securities that are bought and held principally for the purpose of selling in the near term; these securities are reported at fair value, with unrealized gains and losses reported in current earnings. At September 30, 2015 and September 30, 2014, the Company had no investment securities classified as trading. Debt securities that will be held for indefinite periods of time and equity securities, including securities that may be sold in response to changes in market interest or prepayment rates, needs for liquidity and changes in the availability of and the yield of alternative investments, are classified as available for sale. Realized gains and losses are recorded on the trade date and are determined using the specific identification method. Securities held as available for sale are reported at fair value, with unrealized gains and losses, net of tax, reported as a component of accumulated other comprehensive income (“AOCI”). Management determines the appropriate classification of investment securities at the time of purchase. Securities are evaluated on a quarterly basis, and more frequently when market conditions warrant such an evaluation, to determine whether declines in their value are other-than-temporary. To determine whether a loss in value is other-than-temporary, management utilizes criteria such as the reasons underlying the decline, the magnitude and duration of the decline and whether or not management intends to sell or expects that it is more likely than not that it will be required to sell the security prior to an anticipated recovery of the fair value. The term “other-than-temporary” is not intended to indicate that the decline is permanent, but indicates that the prospects for a near-term recovery of value is not necessarily favorable, or that there is a lack of evidence to support a realizable value equal to or greater than the carrying value of the investment. Once a decline in value for a debt security is determined to be other-than-temporary, the other-than-temporary impairment is separated into (a) the amount of the total other-than-temporary impairment related to a decrease in cash flows expected to be collected from the debt security (the credit loss) and (b) the amount of the total other-than-temporary impairment related to all other factors. The amount of the total other-than-temporary impairment related to the credit loss is recognized in earnings. The amount of the total other-than-temporary impairment related to all other factors is recognized in other comprehensive income.
Loans Receivable	Loans Receivable The Company, through the Bank, grants mortgage, construction, commercial and consumer loans to customers. A substantial portion of the loan portfolio is represented by residential and commercial mortgage loans secured by properties located throughout Chester County, Pennsylvania and surrounding areas. The ability of the Company’s debtors to honor their contracts is dependent upon, among other factors, the real estate and general economic conditions in this area. Loans receivable that management has the intent and ability to hold until maturity or payoff are stated at their outstanding unpaid principal balances, net of an allowance for loan losses and any deferred fees and costs. Interest income is accrued on the unpaid principal balance. Loan origination fees and costs are deferred and recognized as an adjustment of the yield (interest income) of the related loans using the interest method. The Company is amortizing these amounts over the contractual lives of the loans. The loans receivable portfolio is segmented into residential loans, construction and development loans, commercial loans and consumer loans. The residential loan segment has one class, one- to four-family first lien residential mortgage loans. The construction and development loan segment consists of the following classes: residential and commercial and land loans. Residential construction loans are made for the acquisition of and/or construction on a lot or lots on which a residential dwelling is to be built. Commercial construction loans are made for the purpose of acquiring, developing and constructing a commercial structure. The commercial loan segment consists of the following classes: commercial real estate loans, multi-family real estate loans, and other commercial loans, which are also generally known as commercial and industrial loans or commercial business loans. The consumer loan segment consists of the following classes: home equity lines of credit, second mortgage loans and other consumer loans, primarily unsecured consumer lines of credit. For all classes of loans receivable, the accrual of interest is discontinued when the contractual payment of principal or interest has become 90 days past due or management has serious doubts about further collection of principal or interest, even though the loan is currently performing. A loan may remain on accrual status if it is in the process of collection and is either guaranteed or well secured. When a loan is placed on nonaccrual status, unpaid interest credited to income in the current year is reversed and unpaid interest accrued in prior years is charged against the allowance for loan losses. Interest received on nonaccrual loans, including impaired loans, generally is either applied against principal or reported as interest income, according to management’s judgment as to the collectability of principal. Generally, loans are restored to accrual status when the obligation is brought current, has performed in accordance with the contractual terms for a reasonable period of time (generally six months) and the ultimate collectability of the total contractual principal and interest is no longer in doubt. The past due status of all classes of loans receivable is determined based on contractual due dates for loan payments. In addition to originating loans, the Company purchases consumer and mortgage loans from brokers in our market area. Such purchases are reviewed for compliance with our underwriting criteria before they are purchased, and are generally purchased without recourse to the seller. Premiums and discounts on purchased loans are amortized as adjustments to interest income using the effective yield method.
Allowance for Loan Losses	Allowance for Loan Losses The allowance for credit losses consists of the allowance for loan losses and the reserve for unfunded lending commitments. The allowance for loan losses represents management’s estimate of losses inherent in the loan portfolio as of the consolidated statement of financial condition date and is recorded as a reduction to loans. Reserves for unfunded lending commitments represent management’s estimate of losses inherent in its unfunded loan commitments and is recorded in other liabilities on the consolidated statement of financial condition. The allowance for loan losses (“ALLL”) is increased by the provision for loan losses and decreased by charge-offs, net of recoveries. Loans deemed to be uncollectible are charged against the allowance for loan losses, and subsequent recoveries, if any, are credited to the allowance. All, or part, of the principal balance of loans receivable are charged off to the allowance as soon as it is determined that the repayment or collateral recovery of all, or part, of the principal balance is highly unlikely. Non-residential consumer loans are generally charged off no later than when they become 120 days past due on a contractual basis or earlier in the event of the borrower’s bankruptcy or if there is an amount deemed uncollectible. Because all identified losses are immediately charged off, no portion of the allowance for loan losses is restricted to any individual loan or groups of loans, and the entire allowance is available to absorb any and all loan losses. The allowance for credit losses is maintained at a level considered adequate to provide for losses that can be reasonably estimated. Management performs a quarterly evaluation of the adequacy of the allowance. The allowance is based on the Company’s past loan loss experience, known and inherent risks in the portfolio, adverse situations that may affect the borrower’s ability to repay, the estimated value of any underlying collateral, the composition of the loan portfolio, current economic conditions and other relevant factors. This evaluation is inherently subjective as it requires material estimates that may be susceptible to significant revision as more information becomes available. The allowance consists of specific, general and unallocated components. The specific component relates to loans that are classified as impaired. For loans that are classified as impaired, a charge-off is recognized when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan. The general component covers pools of loans by loan class that are not considered impaired. These pools of loans are evaluated for loss exposure based upon historical loss rates for each of these classes of loans, as adjusted for qualitative factors. These qualitative risk factors include: 1. Lending policies and procedures, including underwriting standards and collection, charge-off, and recovery practices. 2. National, regional, and local economic and business conditions as well as the condition of various market segments, including the value of underlying collateral for collateral dependent loans. 3. The nature and volume of the loan portfolio and terms of loans. 4. The experience, ability, and depth of lending management and staff. 5. The volume and severity of past due, classified and nonaccrual loans as well as any other loan modifications. 6. The quality of the Company’s loan review system, and the degree of oversight by the Company’s Board of Directors. 7. The existence and effect of any concentrations of credit and changes in the level of such concentrations. 8. Value of underlying collateral. The qualitative factors are applied to the historical loss rates for each class of loan. In addition, while not reported as a separate factor, changes in the value of underlying collateral (for regional property values) for collateral dependent loans is considered and addressed within the economic trends factor. A quarterly calculation is made adjusting the reserve allocation for each factor within a risk weighted range as it relates to each particular loan type, collateral type and risk rating within each segment. Data is gathered and evaluated through internal, regulatory, and government sources quarterly for each factor. An unallocated component is maintained to cover uncertainties that could affect management’s estimate of probable losses. The unallocated component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating specific and general losses in the portfolio. In addition, the allowance calculation methodology includes further segregation of loan classes into risk rating categories. The borrower’s overall financial condition, repayment sources, guarantors and value of collateral, if appropriate, are evaluated annually for commercial loans or when credit deficiencies arise, such as delinquent loan payments, for commercial and consumer loans. Credit quality risk ratings include categories of “pass,” “special mention,” “substandard” and “doubtful.” Assets classified as “Pass” are those protected by the current net worth and paying capacity of the obligor or by the value of the underlying collateral. Assets which do not currently expose the insured institution to sufficient risk to warrant classification as substandard or doubtful but possess certain identified weaknesses are required to be designated “special mention.” If uncorrected, the potential weaknesses may result in deterioration of the repayment prospects. An asset is considered “substandard” if it is inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. “Substandard” assets include those characterized by the “distinct possibility” that the insured institution will sustain “some loss” if the deficiencies are not corrected. Assets classified as “doubtful” have all of the weaknesses inherent in those classified “substandard” with the added characteristic that the weaknesses present make “collection or liquidation in full,” on the basis of currently existing facts, conditions, and values, “highly questionable and improbable.” Residential Lending. We underwrite one- to four-family residential mortgage loans with loan-to-value ratios of up to 95%, provided that the borrower obtains private mortgage insurance on loans that exceed 80% of the appraised value or sales price, whichever is less, of the secured property. We also require that title insurance, hazard insurance and, if appropriate, flood insurance be maintained on all properties securing real estate loans. We require that a licensed appraiser from our list of approved appraisers perform and submit to us an appraisal on all properties secured by a first mortgage on one- to four-family first mortgage loans. In underwriting one- to four-family residential mortgage loans, the Company evaluates both the borrower’s ability to make monthly payments and the value of the property securing the loan. Most properties securing real estate loans made by the Company are appraised by independent fee appraisers approved by the Board of Directors. The Company generally requires borrowers to obtain an attorney’s title opinion or title insurance, and fire and property insurance (including flood insurance, if necessary) in an amount not less than the amount of the loan. Real estate loans originated by the Company generally contain a “due on sale” clause allowing the Company to declare the unpaid principal balance due and payable upon the sale of the security property. The Company has not engaged in sub-prime residential mortgage loan originations. Our single-family residential mortgage loans generally are underwritten on terms and documentation conforming to guidelines issued by Freddie Mac and Fannie Mae. Construction and Development Lending. Construction and development loans generally are considered to involve a higher level of risk than one-to four-family residential lending, due to the concentration of principal in a limited number of loans and borrowers and the effect of economic conditions on developers, builders and projects. Additional risk is also associated with construction lending because of the inherent difficulty in estimating both a property’s value at completion and the estimated cost (including interest) to complete a project. The nature of these loans is such that they are more difficult to evaluate and monitor. In addition, speculative construction loans to a builder are not pre-sold and thus pose a greater potential risk than construction loans to individuals on their personal residences. In order to mitigate some of the risks inherent in construction lending, we inspect properties under construction, review construction progress prior to advancing funds, work with builders with whom we have established relationships, require annual updating of tax returns and other financial data of developers and obtain personal guarantees from the principals. Commercial Lending. Most of the Company’s commercial business loans have been extended to finance local and regional businesses and include short-term loans to finance machinery and equipment purchases, inventory and accounts receivable. The commercial business loans which we originate may be either a revolving line of credit or for a fixed term of generally 10 years or less. Interest rates are adjustable, indexed to a published prime rate of interest, or fixed. Generally, equipment, machinery, real property or other corporate assets secure such loans. Personal guarantees from the business principals are generally obtained as additional collateral. Consumer Lending. Consumer loans may entail greater credit risk than do residential mortgage loans, particularly in the case of consumer loans which are unsecured or are secured by rapidly depreciable assets, such as automobiles or recreational equipment. In such cases, any repossessed collateral for a defaulted consumer loan may not provide an adequate source of repayment of the outstanding loan balance as a result of the greater likelihood of damage, loss or depreciation. In addition, consumer loan collections are dependent on the borrower’s continuing financial stability, and thus are more likely to be affected by adverse personal circumstances. Furthermore, the application of various federal and state laws, including bankruptcy and insolvency laws, may limit the amount which can be recovered on such loans. Once all factor adjustments are applied, general reserve allocations for each segment are calculated, summarized and reported on the ALLL summary. ALLL final schedules, calculations and the resulting evaluation process are reviewed quarterly. In addition, Federal bank regulatory agencies, as an integral part of their examination process, periodically review the Company’s allowance for loan losses and may require the Company to recognize additions to the allowance based on their judgments about information available to them at the time of their examination. Based on management’s comprehensive analysis of the loan portfolio, management believes the current level of the allowance for loan losses is adequate. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record and the amount of the shortfall in relation to the principal and interest owed. An allowance for loan losses is established for an impaired loan if its carrying value exceeds its estimated fair value. The estimated fair values of substantially all of the Company’s impaired loans are measured based on the estimated fair value of the loan’s collateral. For commercial loans secured by real estate, estimated fair values are determined primarily through third-party appraisals. When a real estate secured loan becomes impaired, a decision is made regarding whether an updated appraisal of the real estate is necessary. This decision is based on various considerations, including the age of the most recent appraisal, the loan-to-value ratio based on the original appraisal and the condition of the property. Appraised values are discounted to arrive at the estimated selling price of the collateral, which is considered to be the estimated fair value. The discounts also include estimated costs to sell the property. For commercial and industrial loans secured by non-real estate collateral, such as accounts receivable, inventory and equipment, estimated fair values are determined based on the borrower’s financial statements, inventory reports, accounts receivable aging or equipment appraisals or invoices. Indications of value from these sources are generally discounted based on the age of the financial information or the quality of the assets.
Troubled Debt Restructurings	Troubled Debt Restructurings Loans whose terms are modified are classified as troubled debt restructurings if the Company grants such borrowers concessions and it is deemed that those borrowers are experiencing financial difficulty. Concessions granted under a troubled debt restructuring may be modified by means of extending the maturity date of the loan, reducing the interest rate on the loan to a rate which is below market, a combination of rate adjustments and maturity extensions, or by other means including covenant modifications, forbearances or other concessions. However, the Company generally only restructures loans by modifying the payment structure to interest only or by reducing the actual interest rate. We do not accrue interest on loans that were non-accrual prior to the troubled debt restructuring until they have performed in accordance with their restructured terms for a period of at least six months. We continue to accrue interest on troubled debt restructurings which were performing in accordance with their terms prior to the restructure and continue to perform in accordance with their restructured terms. Management evaluates the ALLL with respect to TDRs under the same policy and guidelines as all other performing loans are evaluated with respect to the ALLL.
Loan Servicing	Loan Servicing Servicing assets are recognized as separate assets when rights are acquired through purchase or through sale of financial assets. For sales of mortgage loans, a portion of the cost of originating the loan is allocated to the servicing right based on relative fair value. Fair value is based on market prices for comparable mortgage servicing contracts, when available, or alternatively is based on a valuation model that calculates the present value of estimated future net servicing income. The valuation model incorporates assumptions that market participants would use in estimating future net servicing income, such as the cost to service, the discount rate, the custodial earnings rate, an inflation rate, ancillary income, prepayment speeds and default rates and losses. Capitalized servicing rights are reported in other assets and are amortized into other expense in proportion to, and over the period of, the estimated future net servicing income of the underlying financial assets. Servicing assets are evaluated for impairment based upon the fair value of the rights as compared to amortized cost. Impairment is determined by stratifying rights into tranches based on predominant risk characteristics, such as interest rate, loan type and investor type. Impairment is recognized through a valuation allowance for an individual tranche, to the extent that fair value is less than the capitalized amount for the tranche. If the Company later determines that all or a portion of the impairment no longer exists for a particular tranche, a reduction of the allowance may be recorded as an increase to income.
Other Real Estate Owned	Other Real Estate Owned Assets acquired through, or in lieu of, loan foreclosure are held for sale and are initially recorded at fair value at the date of foreclosure, establishing a new cost basis. Subsequent to foreclosure, valuations are periodically performed by management and the assets are carried at the lower of the previously established carrying amount or fair value less cost to sell. Revenue and expenses from operations and changes in the valuation allowance are included in other expenses from other real estate owned.
Restricted Stock	Restricted Stock Restricted stock represents required investments in the common stock of a correspondent bank and is carried at cost. As of September 30, 2015 and 2014, restricted stock consists solely of the common stock of the Federal Home Loan Bank of Pittsburgh (“FHLB”). Management’s evaluation and determination of whether these investments are impaired is based on their assessment of the ultimate recoverability of their cost rather than by recognizing temporary declines in value. The determination of whether a decline affects the ultimate recoverability of an investment’s cost is influenced by criteria such as (1) the significance of the decline in net assets of the FHLB as compared to the capital stock amount for the FHLB and the length of time this situation has persisted, (2) commitments by the FHLB to make payments required by law or regulation and the level of such payments in relation to the operating performance of the FHLB, and (3) the impact of legislative and regulatory changes on institutions and, accordingly, on the customer base of the FHLB. During the years ended September 30, 2015 and 2014, there were net repurchases of restricted stock of $1.3 million and $465,000, respectively. Also as of September 30, 2015 and 2014 the number of FHLB shares was 47,651 and 35,026, respectively. There were approximately $311,000, $123,000 and $19,000 of dividends on FHLB stock received or recognized in income for fiscal years 2015, 2014 and 2013, respectively.
Property and Equipment	Property and Equipment Property and equipment is carried at cost. Depreciation is computed using the straight-line and accelerated methods over estimated useful lives ranging from 3 to 39 years beginning when assets are placed in service. When assets are retired or otherwise disposed of, the cost and related accumulated depreciation are removed from the accounts and any gain or loss is reflected in income for the period. The cost of maintenance and repairs is charged to income as incurred.
Transfers of Financial Assets	Transfers of Financial Assets Transfers of financial assets are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and (3) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity.
Bank-Owned Life Insurance	Bank-Owned Life Insurance The Company invests in bank owned life insurance (“BOLI”) as a source of funding for employee benefit expenses. BOLI involves the purchasing of life insurance by the Bank on a chosen group of employees. The Bank is the owner and beneficiary of the policies. This life insurance investment is carried at the cash surrender value of the underlying policies. Earnings from the increase in cash surrender value of the policies are included in other income on the statement of operations.
Employee Benefit Plans	Employee Benefit Plans The Bank’s 401(k) plan allows eligible participants to set aside a certain percentage of their salaries before taxes. The Company may elect to match employee contributions up to a specified percentage of their respective salaries in an amount determined annually by the Board of Directors. The Company’s matching contribution related to the plan resulted in expenses of $64,000, $118,000, and $110,000, for fiscal 2015, 2014, and 2013, respectively. There were no bonus matching contributions for fiscal years 2015, 2014 or 2013. The Company also maintains an unfunded Supplemental Executive and a Director Retirement Plan (the “Plans”). The accrued amount for the Plans included in other liabilities was $1.2 million and $1.3 million at September 30, 2015 and 2014, respectively. Distributions made to directors for the fiscal year 2015 and 2014 were approximately $13,000 and $13,000, respectively. The (benefit)/expense associated with the Plans for the years ended September 30, 2015, 2014, and 2013 was ($24,000), $78,000, and $168,000, respectively. At fiscal 2015, the benefit associated with the plan was due to the Plan being Frozen at September 30, 2014 and the Company to credit fiscal 2015 accruals for the first quarter of fiscal 2015.
Derivatives and Hedging	Derivatives and Hedging The Company records cash flow hedges at the inception of the derivative contract based on the Company’s intentions and belief as to likely effectiveness as a hedge. The Company documents the strategy for entering into the transactions and the method of assessing ongoing effectiveness. Cash flow hedges represent a hedge of a forecasted transaction or the variability of cash flows to be received or paid related to a recognized asset or liability. For a cash flow hedge, the gain or loss on the derivative is reported in other comprehensive income and is reclassified into earnings in the same periods during which the hedged transaction affects earnings. The changes in the fair value of derivatives that are not highly effective in hedging the changes in fair value or expected cash flows of the hedged item are recognized immediately in current earnings. Changes in the fair value of derivatives that do not qualify for hedge accounting are reported currently in earnings, as noninterest income. Net cash settlements on derivatives that qualify for hedge accounting are recorded in interest income or interest expense, based on the item being hedged. Net cash settlements on derivatives that do not qualify for hedge accounting are reported in noninterest income. Cash flows on hedges are classified in the cash flow statement the same as the cash flows of the items being hedged. To determine fair value, the Company uses third party pricing models that incorporate assumptions about market conditions and risks that are current at the reporting date. The Company does not use derivative instruments for speculative purposes. The Company also formally assesses, both at the hedge’s inception and on an ongoing basis, whether the derivative instruments that are used are highly effective in offsetting changes in fair values or cash flows of the hedged items. The Company discontinues hedge accounting when it determines that the derivative is no longer effective in offsetting changes in the fair value or cash flows of the hedged item, the derivative is settled or terminates, a hedged forecasted transaction is no longer probable, a hedged firm commitment is no longer firm, or treatment of the derivative as a hedge is no longer appropriate or intended. When hedge accounting is discontinued, subsequent changes in fair value of the derivative are recorded as noninterest income. When a cash flow hedge is discontinued but the hedged cash flows or forecasted transactions are still expected to occur, gains or losses that were accumulated in other comprehensive income are amortized into earnings over the same periods which the hedged transactions will affect earnings.
Advertising Costs	Advertising Costs The Company follows the policy of charging the costs of advertising to expense as incurred.
Income Taxes	Income Taxes Deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. These calculations are based on many complex factors including estimates of the timing of reversals of temporary differences, the interpretation of federal income tax laws and a determination of the differences between the tax and the financial reporting basis of assets and liabilities. Actual results could differ significantly from the estimates and interpretations used in determining the current and deferred income tax assets and liabilities. A valuation allowance is required to be recognized if it is “more likely than not” that a portion of the deferred tax assets will not be realized. The Company’s policy is to evaluate the deferred tax asset on a quarterly basis and record a valuation allowance for our deferred tax asset if we do not have sufficient positive evidence indicating that it is more likely than not that some or all of the deferred tax asset will be realized. The Company’s policy is to account for interest and penalties as components of income tax expense.
Commitments and Contingencies	Commitments and Contingencies In the ordinary course of business, the Company has entered into off-balance sheet financial instruments consisting of commitments to extend credit and standby letters of credit. Such financial instruments are recorded in the statement of financial condition when they are funded.
Segment Information	Segment Information The Company has one reportable segment, “Community Banking.” All of the Company’s activities are interrelated, and each activity is dependent and assessed based on how each of the activities of the Company supports the others. For example, lending is dependent upon the ability of the Company to fund itself with deposits and other borrowings and manage interest rate and credit risk. Accordingly, all significant operating decisions are based upon analysis of the Company as one segment or unit.
Comprehensive Income	Comprehensive Income Accounting principles generally require that recognized revenue, expenses, gains and losses be included in net income. Although certain changes in assets and liabilities, such as unrealized gains and losses on available for sale investment securities, are reported as a separate component of the shareholders’ equity section of the statement of financial condition, such items, along with net income, are components of comprehensive income. For securities transferred from available for sale to held to maturity, the Company records the amortization and/or accretion of unrealized holding losses on such investment securities, in accumulated other comprehensive income. The Company also records changes in the fair value of interest rate derivatives used in its cash flow hedging activities, net of deferred income tax, in accumulated other comprehensive income.
Reclassifications	Reclassifications Certain reclassifications have been made to the previous years’ consolidated financial statements to conform to the current year’s presentation. These reclassifications had no effect on the Company’s results of operations.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In August 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2015-15, “Interest - Imputation of Interest (Subtopic 835-30): Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements: Amendments to SEC Paragraphs Pursuant to Staff Announcement at June 18, 2015 EITF Meeting”, which amends ASC 835-30. ASU 2015-03, issued in April 2015, requires entities to present debt issuance costs related to a recognized debt liability as a direct deduction from the carrying amount of that debt liability. The guidance in ASU 2015-03 does not address presentation or subsequent measurement of debt issuance costs related to line-of-credit arrangements. Given the absence of authoritative guidance within ASU 2015-03 for debt issuance costs related to line-of-credit arrangements, ASU 2015-15 states the SEC staff would not object to an entity deferring and presenting debt issuance costs as an asset and subsequently amortizing that deferred debt issuance costs ratably over the term of the line-of-credit arrangement, regardless of whether there are any outstanding borrowings on the line-of-credit arrangement. This update became effective upon announcement on June 18, 2015. The Company does not expect the new guidance to have a material impact on the Company's financial condition or results of operations. In June 2015, the FASB issued ASU No. 2015-10, “Technical Correction and Improvements.” The amendments in this Update represent changes to clarify the Codification, correct unintended application of guidance, or make minor improvements to the Codification that are not expected to have a significant effect on current accounting practice or create a significant administrative cost to most entities. Additionally, some of the amendments will make the Codification easier to understand and easier to apply by eliminating inconsistencies, providing needed clarifications, and improving the presentation of guidance in the Codification. Transition guidance varies based on the amendments in this Update. The amendments in this Update that require transition guidance are effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted, including adoption in an interim period. All other amendments will be effective upon the issuance of this Update. The Company is currently evaluating the effect that the standard will have on its consolidated financial statements and related disclosures. In April 2015, the FASB issued ASU No. 2015-04, “Compensation—Retirement Benefits (Topic 715) : In April 2015, the FASB issued ASU No. 2015-03, “Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs.” This ASU requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected by the amendments in this ASU. The amendments in ASU 2015-03 are effective for public business entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted. This amendment should be applied on a retrospective basis, wherein the balance sheet of each individual period presented should be adjusted to reflect the period-specific effects of applying the new guidance. Upon transition, an entity is required to comply with the applicable disclosures for a change in an accounting principle. These disclosures include the nature of and reason for the change in accounting principle, the transition method, a description of the prior-period information that has been retrospectively adjusted, and the effect of the change on the financial statement line items (i.e., debt issuance cost asset and the debt liability). The Company is currently evaluating the provisions of ASU No. 2015-03 to determine the potential impact the new standard will have on the Company's Consolidated Financial Statements. Effective April 2015, the Company adopted ASU No. 2014-11, “Transfers and Servicing (Topic 860) - Repurchase-to-Maturity Transactions, Repurchase Financings, and Disclosures (ASU 2014-11)”. The amendments in ASU 2014-11 change the accounting for repurchase-to-maturity transactions and repurchase financing arrangements. Additionally, ASU 2014-11 requires certain disclosures for repurchase agreements that are accounted for as secured borrowings. Management has evaluated and determined the adoption of ASU 2014-11 had no impact on the Company’s financial statements or disclosures. In January 2015, the FASB issued ASU 2015-01, “Income Statement — Extraordinary and Unusual Items (Subtopic 225-20)”. This Update eliminates from GAAP the concept of extraordinary items. Subtopic 225-20, Income Statement—Extraordinary and Unusual Items, required that an entity separately classify, present, and disclose extraordinary events and transactions. Presently, an event or transaction is presumed to be an ordinary and usual activity of the reporting entity unless evidence clearly supports its classification as an extraordinary item. Paragraph 225-20-45-2 contains the following criteria that must both be met for extraordinary classification, (1) unusual nature - the underlying event or transaction should possess a high degree of abnormality and be of a type clearly unrelated to, or only incidentally related to, the ordinary and typical activities of the entity, taking into account the environment in which the entity operates; and (2) infrequency of occurrence - the underlying event or transaction should be of a type that would not reasonably be expected to recur in the foreseeable future, taking into account the environment in which the entity operates. The amendments in ASU 2015-01 are effective for public business entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted. The adoption of this ASU is not expected to have a material impact on the Company’s financial statements.

Earnings (Loss) Per Share (Tabl

Earnings (Loss) Per Share (Tables)	12 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Schedule of composition of weighted average shares (denominator) used in earnings per share computations	The following table sets forth the composition of the weighted average shares (denominator) used in the earnings per share computations. Year Ended September 30, (In thousands, except for share data) 2015 2014 2013 Net Income (Loss) $ 3,698 $ 323 $ (18,803 ) Weighted average shares outstanding 6,558,473 6,558,473 6,558,473 Average unearned ESOP shares (165,143 ) (179,543 ) (193,483 ) Weighted average shares outstanding – basic 6,393,330 6,378,930 6,351,248 Earnings (Loss) per share – basic $ 0.58 $ 0.05 $ (2.96 )

Investment Securities (Tables)

Investment Securities (Tables)	12 Months Ended
	Sep. 30, 2015
Investments, Debt and Equity Securities [Abstract]
Schedule of Investment securities	The following tables present information related to the Company’s investment securities at September 30, 2015 and 2014. At September 30, 2014 there were no held-to-maturity investment securities. September 30, 2015 Amortized Gross Gross Fair (In thousands) Investment Securities Available-for-Sale: U.S. government agencies $ 816 $ — $ (1 ) $ 815 State and municipal obligations 42,007 192 (116 ) 42,083 Single issuer trust preferred security 1,000 — (150 ) 850 Corporate debt securities 70,874 34 (926 ) 69,982 114,697 226 (1,193 ) 113,730 Mortgage-backed securities: Federal National Mortgage Association (FNMA), fixed-rate 8,797 — (105 ) 8,692 Federal Home Loan Mortgage Company (FHLMC), fixed-rate 5,986 — (54 ) 5,932 14,783 — (159 ) 14,624 Total $ 129,480 $ 226 $ (1,352 ) $ 128,354 Investment Securities Held-to-Maturity: U.S. government agencies $ 14,301 $ 8 $ (13 ) $ 14,296 State and municipal obligations 10,075 23 (75 ) 10,023 Corporate debt securities 4,011 — (55 ) 3,956 Mortgage-backed securities: Collateralized mortgage obligations, fixed-rate 28,834 55 (339 ) 28,550 Total $ 57,221 $ 86 $ (482 ) $ 56,825 Total investment securities $ 186,701 $ 312 $ (1,834 ) $ 185,179 September 30, 2014 Amortized Gross Gross Fair (In thousands) Investment Securities Available-for-Sale: U.S. government agencies $ 19,719 $ 1 $ (464 ) $ 19,256 State and municipal obligations 2,543 — (43 ) 2,500 Single issuer trust preferred security 1,000 — (120 ) 880 Corporate debt securities 1,504 21 — 1,525 24,766 22 (627 ) 24,161 Mortgage-backed securities: Federal National Mortgage Association (FNMA): Adjustable-rate 403 15 — 418 Fixed-rate 17,390 9 (591 ) 16,808 Federal Home Loan Mortgage Company (FHLMC): Adjustable-rate 3,562 33 — 3,595 Fixed-rate 12,336 — (340 ) 11,996 Collateralized mortgage obligations (CMO), fixed-rate 45,222 46 (1,303 ) 43,965 78,913 103 (2,234 ) 76,782 Total $ 103,679 $ 125 $ (2,861 ) $ 100,943
Schedule of aggregate investments in an unrealized loss position	The following tables indicate gross unrealized losses not recognized in income and fair value, aggregated by investment category and the length of time individual securities have been in a continuous unrealized loss position at September 30, 2015 and 2014. September 30, 2015 Less than 12 Months More than 12 Total Fair Unrealized Fair Unrealized Fair Unrealized (In thousands) Investment Securities Available-for-Sale: U.S. government agencies $ — $ — $ 815 $ (1 ) $ 815 $ (1 ) State and municipal obligations 18,223 (116 ) — — 18,223 (116 ) Single issuer trust preferred security — — 850 (150 ) 850 (150 ) Corporate debt securities 58,064 (926 ) — — 58,064 (926 ) Mortgage-backed securities: FNMA, fixed-rate 5,459 (53 ) 3,233 (52 ) 8,692 (105 ) FHLMC, fixed-rate 3,280 (25 ) 2,652 (29 ) 5,932 (54 ) Total $ 85,026 $ (1,120 ) $ 7,550 $ (232 ) $ 92,576 $ (1,352 ) Investment Securities Held-to-Maturity: U.S. government agencies 4,792 (13 ) — — 4,792 (13 ) State and municipal obligations 6,917 (75 ) — — 6,917 (75 ) Corporate debt securities 3,957 (55 ) — — 3,957 (55 ) Mortgage-backed securities: CMO, fixed-rate 22,734 (339 ) — — 22,734 (339 ) Total 38,400 (482 ) — — 38,400 (482 ) Total investment securities $ 123,426 $ (1,602 ) $ 7,550 $ (232 ) $ 130,976 $ (1,834 ) September 30, 2014 Less than 12 Months More than 12 Total Fair Unrealized Fair Unrealized Fair Unrealized (In thousands) Investment Securities Available-for-Sale: U.S. government agencies $ — $ — $ 18,267 $ (464 ) $ 18,267 $ (464 ) State and municipal obligations — — 2,501 (43 ) 2,501 (43 ) Single issuer trust preferred security — — 880 (120 ) 880 (120 ) Mortgage-backed securities: FNMA, fixed-rate — — 16,715 (591 ) 16,715 (591 ) FHLMC, fixed-rate — — 11,996 (340 ) 11,996 (340 ) CMO, fixed-rate 3,945 (54 ) 36,185 (1,249 ) 40,130 (1,303 ) Total investment securities $ 3,945 $ (54 ) $ 86,544 $ (2,807 ) $ 90,489 $ (2,861 )
Schedule of amortized cost and fair value of debt securities by contractual maturity	The following table presents information for investment securities at September 30, 2015, based on scheduled maturities. Actual maturities can be expected to differ from scheduled maturities due to prepayment or early call options of the issuer. September 30, 2015 Amortized Cost Fair Value (In thousands) Investment Securities Available-for-Sale: Due in one year or less $ — $ — Due after one year through five years 13,038 13,019 Due after five years through ten years 77,917 77,096 Due after ten years 38,525 38,239 Total $ 129,480 $ 128,354 Investment Securities Held-to-Maturity: Due after one year through five years $ 14,301 $ 14,296 Due after five years through ten years — — Due after ten years 42,920 42,529 Total $ 57,221 $ 56,825 Total investment securities $ 186,701 $ 185,179

Loans Receivable and Related 29

Loans Receivable and Related Allowance for Loan Losses (Tables)	12 Months Ended
	Sep. 30, 2015
Receivables [Abstract]
Schedule of loans receivable	Loans receivable in the Company’s portfolio consisted of the following at the dates indicated: September 30, 2015 2014 (In thousands) Residential mortgage $ 214,958 $ 231,324 Construction and Development Residential and commercial 5,677 5,964 Land 2,142 1,033 Total Construction and Development 7,819 6,997 Commercial: Commercial real estate 87,686 71,579 Multi-family 7,444 1,032 Other 13,380 5,480 Total Commercial 108,510 78,091 Consumer: Home equity lines of credit 22,919 22,292 Second mortgages 37,633 47,034 Other 2,359 2,839 Total Consumer 62,911 72,165 Total loans 394,198 388,577 Deferred loan fees and cost, net 1,776 2,086 Allowance for loan losses (4,667 ) (4,589 ) Total loans receivable, net $ 391,307 $ 386,074
Schedule of allowance for loan losses	The following table summarizes the primary classes of the allowance for loan losses, segregated into the amount required for loans individually evaluated for impairment and the amount required for loans collectively evaluated for impairment as of and for the years ended September 30, 2015, 2014 and 2013. Year Ended September 30, 2015 Construction and Development Commercial Consumer Residential Mortgage Residential and Commercial Land Commercial Real Estate Multi- family Other Home Equity Lines of Credit Second Mortgages Other Unallocated Total (In thousands) Allowance for loan losses: Beginning balance $ 1,672 $ 291 $ 13 $ 1,248 $ 29 $ 50 $ 168 $ 1,033 $ 23 $ 62 $ 4,589 Charge-offs - (1 ) - (48 ) - - - (138 ) (34 ) - (221 ) Recoveries 17 98 - 9 - 3 2 69 11 - 209 Provision (203 ) (358 ) 22 26 75 55 (31 ) (203 ) 24 683 90 Ending Balance $ 1,486 $ 30 $ 35 $ 1,235 $ 104 $ 108 $ 139 $ 761 $ 24 $ 745 $ 4,667 Ending balance: $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Ending balance: $ 1,486 $ 30 $ 35 $ 1,235 $ 104 $ 108 $ 139 $ 761 $ 24 $ 745 $ 4,667 Loans receivable: Ending balance $ 214,958 $ 5,677 $ 2,142 $ 87,686 $ 7,444 $ 13,380 $ 22,919 $ 37,633 $ 2,359 $ 394,198 Ending balance: $ 599 $ 121 $ - $ 1,571 $ - $ - $ 20 $ 179 $ - $ 2,490 Ending balance: $ 214,359 $ 5,556 $ 2,142 $ 86,115 $ 7,444 $ 13,380 $ 22,899 $ 37,454 $ 2,359 $ 391,708 Year Ended September 30, 2014 Construction and Commercial Consumer Residential Residential Land Commercial Multi- Other Home Second Other Unallocated Total (In thousands) Allowance for loan losses: Beginning balance $ 1,414 $ 164 $ 56 $ 1,726 $ 40 $ 59 $ 137 $ 1,393 $ 22 $ 79 $ 5,090 Charge-offs (83 ) (37 ) - (183 ) - - (14 ) (618 ) (6 ) - (941 ) Recoveries 23 1 - 9 - 3 1 136 4 - 177 Provision 318 163 (43 ) (304 ) (11 ) (12 ) 44 122 3 (17 ) 263 Ending Balance $ 1,672 $ 291 $ 13 $ 1,248 $ 29 $ 50 $ 168 $ 1,033 $ 23 $ 62 $ 4,589 Ending balance: $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Ending balance: $ 1,672 $ 291 $ 13 $ 1,248 $ 29 $ 50 $ 168 $ 1,033 $ 23 $ 62 $ 4,589 Loans receivable: Ending balance $ 231,324 $ 5,964 $ 1,033 $ 71,579 $ 1,032 $ 5,480 $ 22,292 $ 47,034 $ 2,839 $ 388,577 Ending balance: $ 999 $ 187 $ - $ 504 $ - $ 900 $ 115 $ 695 $ - $ 3,400 Ending balance: $ 230,325 $ 5,777 $ 1,033 $ 71,075 $ 1,032 $ 4,580 $ 22,177 $ 46,339 $ 2,839 $ 385,177 Year Ended September 30, 2013 Construction and Commercial Consumer Residential Residential Land Commercial Multi- Other Home Second Other Unallocated Total (In thousands) Allowance for loan losses: Beginning balance $ 1,487 $ 724 $ 11 $ 3,493 $ 10 $ 226 $ 160 $ 1,389 $ 16 $ 65 $ 7,581 Charge-offs (994 ) (5,768 ) (99 ) (6,315 ) - (94 ) - (1,042 ) (9 ) - (14,321 ) Recoveries 199 - - 117 - 23 17 235 4 - 595 Provision 722 5,208 144 4,431 30 (96 ) (40 ) 811 11 14 11,235 Ending Balance $ 1,414 $ 164 $ 56 $ 1,726 $ 40 $ 59 $ 137 $ 1,393 $ 22 $ 79 $ 5,090 Ending balance: $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Ending balance: $ 1,414 $ 164 $ 56 $ 1,726 $ 40 $ 59 $ 137 $ 1,393 $ 22 $ 79 $ 5,090 Loans receivable: Ending balance $ 239,900 $ 6,672 $ 2,439 $ 70,571 $ 1,971 $ 5,573 $ 20,431 $ 54,532 $ 2,648 $ 404,737 Ending balance: $ 1,295 $ 209 $ 237 $ - $ - $ 900 $ 34 $ 572 $ - $ 3,247 Ending balance: $ 238,605 $ 6,463 $ 2,202 $ 70,571 $ 1,971 $ 4,673 $ 20,397 $ 53,960 $ 2,648 $ 401,490
Schedule of impaired loans	The following table presents impaired loans in portfolio by class, segregated by those for which a specific allowance was required and those for which a specific allowance was not necessary as of September 30, 2015 and 2014. Impaired Loans With Impaired Total Impaired Loans Recorded Related Recorded Recorded Unpaid (In thousands) September 30, 2015: Residential mortgage $ — $ — $ 599 $ 599 $ 696 Construction and Development: Residential and commercial — — 121 121 253 Commercial: Commercial real estate — — 1,571 1,571 1,807 Consumer: Home equity lines of credit — — 20 20 36 Second mortgages — — 179 179 342 Total impaired loans $ — $ — $ 2,490 $ 2,490 $ 3,134 September 30, 2014: Residential mortgage $ — $ — $ 999 $ 999 $ 1,149 Construction and Development: Residential and commercial — — 187 187 842 Commercial — — Commercial real estate — — 504 504 688 Other — — 900 900 900 Consumer: Home equity lines of credit — — 115 115 135 Second mortgages — — 695 695 894 Total impaired loans $ — $ — $ 3,400 $ 3,400 $ 4,608
Schedule of average recorded investment in impaired loans and related interest income recognized	The following table presents the average recorded investment in impaired loans in portfolio and related interest income recognized year ended September 30, 2015, 2014 and 2013. Average Interest Income (In thousands) Year Ended September 30, 2015: Residential mortgages $ 729 $ — Construction and Development: Residential and commercial 144 5 Commercial Commercial real estate 690 4 Other 340 12 Consumer Home equity lines of credit 23 — Second mortgages 537 — Total $ 2,463 $ 21 Year Ended September 30, 2014: Residential mortgages $ 1,731 $ — Construction and Development: Residential and commercial 609 17 Land 240 14 Commercial Commercial real estate 21 — Other 900 32 Consumer: Home equity lines of credit 104 — Second mortgages 622 — Total $ 4,227 $ 63 Year Ended September 30, 2013: Residential mortgages $ 3,375 $ 45 Construction and Development: Residential and commercial 5,940 65 Land 10 2 Commercial: Commercial real estate 4,763 255 Other 246 14 Consumer: Home equity lines of credit 22 1 Second mortgages 574 4 Total $ 14,930 $ 386
Schedule of classes of loan portfolio	The following table presents the classes of the loan portfolio summarized by loans considered to be rated as pass and the categories of special mention, substandard and doubtful within the Company’s internal risk rating system as of September 30, 2015 and 2014. September 30, 2015 Pass Special Substandard Doubtful Total (In thousands) Residential mortgage $ 214,146 $ 130 $ 682 $ — $ 214,958 Construction and Development: Residential and commercial 5,450 106 121 — 5,677 Land 2,142 — — — 2,142 Commercial: Commercial real estate 78,207 4,791 4,688 — 87,686 Multi-family 7,166 278 — — 7,444 Other 12,387 272 721 — 13,380 Consumer: Home equity lines of credit 22,801 — 118 — 22,919 Second mortgages 36,834 133 666 — 37,633 Other 2,345 14 — — 2,359 Total $ 381,478 $ 5,724 $ 6,996 $ — $ 394,198 September 30, 2014 Pass Special Substandard Doubtful Total (In thousands) Residential mortgage $ 230,065 $ 137 $ 1,122 $ — $ 231,324 Construction and Development: Residential and commercial 5,777 — 187 — 5,964 Land 1,033 — — — 1,033 Commercial: Commercial real estate 63,125 5,797 2,657 — 71,579 Multi-family 1,032 — — — 1,032 Other 3,555 1,025 900 — 5,480 Consumer: Home equity lines of credit 22,177 — 115 — 22,292 Second mortgages 46,292 21 721 — 47,034 Other 2,823 16 — — 2,839 Total $ 375,879 $ 6,996 $ 5,702 $ — $ 388,577
Schedule of loans that are no longer accruing interest by portfolio class	The following table presents loans on which we are no longer accruing interest by portfolio class at the dates indicated. September 30, 2015 2014 (In thousands) Residential mortgage $ 599 $ 1,232 Construction and Development: Residential and commercial 12 78 Commercial: Commercial real estate 589 504 Consumer: Home equity lines of credit 20 115 Second mortgages 179 462 Total non-accrual loans $ 1,399 $ 2,391
Schedule of classes of loan portfolio summarized by aging categories	The following table presents the classes of the loan portfolio summarized by the aging categories as of September 30, 2015 and 2014. Current 30 – 59 60 – 89 90 Days or Total Total Loans (In thousands) September 30, 2015: Residential mortgage $ 213,253 $ 913 $ 193 $ 599 $ 1,705 $ 214,958 Construction and Development: Residential and commercial 5,665 — — 12 12 5,677 Land 2,142 — — — — 2,142 Commercial: Commercial real estate 86,119 485 493 589 1,567 87,686 Multi-family 7,444 — — — — 7,444 Other 13,380 — — — — 13,380 Consumer: Home equity lines of credit 22,899 — — 20 20 22,919 Second mortgages 37,010 345 99 179 623 37,633 Other 2,329 30 — — 30 2,359 Total $ 390,241 $ 1,773 $ 785 $ 1,399 $ 3,957 $ 394,198 September 30, 2014: Residential mortgage $ 229,257 $ 835 $ — $ 1,232 $ 2,067 $ 231,324 Construction and Development: Residential and Commercial 5,886 — — 78 78 5,964 Land 1,033 — — — — 1,033 Commercial: Commercial real estate 71,075 — — 504 504 71,579 Multi-family 1,032 — — — — 1,032 Other 5,480 — — — — 5,480 Consumer: Home equity lines of credit 22,177 — — 115 115 22,292 Second mortgages 45,847 200 525 462 1,187 47,034 Other 2,822 17 — — 17 2,839 Total $ 384,609 $ 1,052 $ 525 $ 2,391 $ 3,968 $ 388,577
Schedule of TDR loans	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 (Dollars in thousands) At September 30, 2015: Construction and Development: Residential and commercial 1 $ 109 — $ — Commercial: Commercial real estate 4 1,474 2 982 Total 5 $ 1,583 2 $ 982 At September 30, 2014: Construction and Development: Residential and commercial 2 $ 187 1 $ 78 Commercial: Other 1 900 — — Total  3 $ 1,087 1 $ 78
Schedule of performing status of TDR loans	The following table reports the performing status of all TDR loans. The performing status is determined by the loans compliance with the modified terms. September 30, 2015 2014 Performing Non- Performing Non- (In thousands) Construction and Development: Residential and commercial $ 109 $ — $ 109 $ 78 Commercial: Commercial real estate 982 492 — — Other — — 900 — Total $ 1,091 $ 492 $ 1,009 $ 78
Schedule of new TDR's	The following table shows the new TDR’s for the twelve months ended September 30, 2015 and 2014. September 30, 2015 2014 Restructured During Period Number Pre- Post- Number Pre- Post- (In thousands) Troubled Debt Restructurings: Construction and Development: Residential and commercial — $ — $ — 1 $ 437 $ 437 Commercial Commercial real estate 4 1,485 1,485 — — — Total 4 $ 1,485 $ 1,485 1 $ 437 $ 437
Schedule of loans to principal officers, directors and their affiliates	The following table sets forth the aggregate dollar amount of loans to principal officers, directors and their affiliates in the normal course of business of the Company. Year Ended September 30, (In thousands) 2015 2014 Balance at beginning of year $ 252 $ 523 New loans 8,474 — Repayments (3,091 ) (271 ) Balance at end of year $ 5,635 $ 252
Schedule of summary of mortgage servicing rights included in other assets and activity	A summary of mortgage servicing rights included in other assets and the activity therein follows for the periods indicated: September 30, 2015 2014 2013 (In thousands) Balance at beginning of year $ 453 $ 271 $ 107 Amortization (82 ) 22 6 Addition 30 160 158 Balance at end of year $ 401 $ 453 $ 271

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Sep. 30, 2015
Property, Plant and Equipment [Abstract]
Schedule of property and equipment, net	Property and equipment, net consisted of the following at September 30, 2015 and 2014: September 30, Estimated Useful Life (years) 2015 2014 (In thousands) Land - $ 711 $ 711 Building and improvements 10-39 11,124 11,013 Construction in process - 154 - Furniture, fixtures and equipment 3-7 4,317 4,223 16,306 15,947 Accumulated depreciation (9,771 ) (9,124 ) $ 6,535 $ 6,823

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Sep. 30, 2015
Deposits:
Schedule of deposits classified by interest rates with percentages to total deposits	Deposits classified by interest rates with percentages to total deposits at September 30, 2015 and 2014 consisted of the following: September 30, 2015 2014 Amount Percent of Amount Percent of (Dollars in thousands) Balances by types of deposit: Tiered savings $ 2,249 0.48 % $ 2,198 0.53 % Regular savings 42,940 9.23 42,719 10.34 Money market accounts 108,706 23.35 59,529 14.42 Checking and NOW accounts 82,897 17.81 81,921 19.84 Non-Interest bearing demand 27,010 5.80 23,059 5.58 263,802 56.67 209,426 50.71 Certificates of deposit 201,720 43.33 203,527 49.29 Total $ 465,522 100.00 % $ 412,953 100.00 %
Schedule of interest expense on deposits	Interest expense on deposits consisted of the following for the years: September 30, 2015 2014 2013 (In thousands) Savings accounts $ 29 $ 27 $ 24 Checking and NOW accounts 83 85 119 Money market accounts 271 164 228 Certificates of deposit 3,048 3,693 4,908 Total deposits $ 3,431 $ 3,969 $ 5,279
Schedule of certificates of deposit maturities	The following is a schedule of certificates of deposit maturities. September 30, 2015 (In thousands) Maturing in the Fiscal Year Ending September 30, 2016 $ 100,331 2017 52,168 2018 30,115 2019 12,198 2020 3,051 2021 and thereafter 3,857 $ 201,720

Borrowings (Tables)

Borrowings (Tables)	12 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
Schedule of summary of long-term borrowings	The summary of long-term borrowings as of September 30, 2015 and 2014 are as follows: September 30, 2015 2014 Weighted Weighted Amount Rate Amount Rate (Dollars in thousands) Due by September 30: 2015 $ - -% $ 10,000 0.83 % 2016 20,000 0.61 5,000 1.34 2017 - - - - 2018 30,000 3.38 28,000 3.31 2019 25,000 2.12 5,000 1.77 2020 28,000 2.51 - - Total FHLB Advances $ 103,000 2.48 % $ 48,000 2.59 %

Derivatives (Tables)

Derivatives (Tables)	12 Months Ended
	Sep. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of effects of derivative instruments on the Consolidated Financial Statements	The effects of derivative instruments on the Consolidated Financial Statements for September 30, 2015 are as follows: September 30, 2015 Notional Fair Balance Sheet Expiration Date (Dollars in thousand) Derivatives designated as hedging instruments Interest rate swaps by effective date: August 3, 2015 $ 15,000 $ 348 Other liabilities August 3, 2020
Schedule of net gains (losses) recorded in accumulated other comprehensive income and the Consolidate Statements of Income	The following table presents the net gains (losses) recorded in accumulated other comprehensive income and the Consolidate Statements of Income relating to the cash flow derivative instruments for the year ended September 30: 2015 Amount of Gain Amount of Gain Amount of Gain (In thousands) Interest Rate Contracts $ 348 $ 36 $ —

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Schedule of balances of assets measured at fair value on a recurring basis	The tables below present the balances of assets measured at fair value on a recurring basis at September 30, 2015 and 2014: September 30, 2015 Total Level 1 Level 2 Level 3 (In thousands) Assets: Investment securities available-for-sale: Debt securities: U.S. government agencies $ 815 $ — $ 815 $ — State and municipal obligations 42,083 — 42,083 — Single issuer trust preferred security 850 — 850 — Corporate debt securities 69,982 — 69,982 — Total investment securities available-for-sale 113,730 — 113,730 — Mortgage-backed securities available-for-sale: FNMA, fixed-rate 8,692 — 8,692 — FHLMC, fixed-rate 5,932 — 5,932 — Total mortgage-backed securities available-for-sale 14,624 — 14,624 — Total investments securities available for sale $ 128,354 $ — $ 128,354 $ — Liabilities: Derivative instruments $ 348 $ — $ 348 $ — September 30, 2014 Total Level 1 Level 2 Level 3 (In thousands) Assets: Investment securities available-for-sale: Debt securities: U.S. government agencies $ 19,256 $ — $ 19,256 $ — State and municipal obligations 2,500 — 2,500 — Single issuer trust preferred security 880 — 880 — Corporate debt securities 1,525 — 1,525 — Total investment securities available-for-sale 24,161 — 24,161 — Mortgage-backed securities available-for-sale: FNMA: Adjustable-rate 418 — 418 — Fixed-rate 16,808 — 16,808 — FHLMC: Adjustable-rate 3,595 — 3,595 — Fixed-rate 11,996 — 11,996 — CMO, fixed-rate-fate 43,965 — 43,965 — Total mortgage-backed securities available-for-sale 76,782 — 76,782 — Total investments securities available for sale $ 100,943 $ — $ 100,943 $ —
Schedule of assets measured at fair value on a non recurring basis	For assets measured at fair value on a nonrecurring basis in fiscal 2015 and fiscal 2014 that were still held at the end of the period, the following table provides the level of valuation assumptions used to determine each adjustment and the carrying value of the related individual assets or portfolios at September 30, 2015 and 2014: September 30, 2015 Total Level 1 Level 2 Level 3 (In thousands) Impaired loans (1) (2) $ 48 $ — $ — $ 48 Mortgage servicing rights 30 — 30 — Total $ 78 $ — $ 30 $ 48 September 30, 2015 Fair Value at September 30, 2015 Valuation Technique Unobservable Input Range/(Weighted Average) (Dollars in thousands) Impaired loans (1) (2) $ 48 Appraisal of collateral (3) Collateral discounts (4) 65 − 80%/(74%) Total $ 48 (1) At September 30, 2015, consisted of two loans with an aggregate balance of $48,000 and there were no specific loan loss allowance. (2) Includes assets directly charged-down to fair value during the year-to-date period. (3) Fair value is generally determined through independent appraisals of the underlying collateral primarily using comparable sales. (4) Appraisals may be adjusted by management for qualitative factors such as time, changes in economic conditions and estimated liquidation expense. September 30, 2014 Total Level 1 Level 2 Level 3 (In thousands) Other real estate owned $ 1,030 $ — $ — $ 1,030 Impaired loans (1) (2) 887 — — 887 Mortgage servicing rights 160 — 160 — Total $ 2,077 $ — $ 160 $ 1,917 September 30, 2014 Fair Value at September 30, 2014 Valuation Technique Unobservable Input Range/(Weighted Average) (Dollars in thousands) Other real estate owned $ 1,030 Appraisal of collateral (3) Collateral discounts (4) 16 − 72%/(38%) Impaired loans (1) (2) 887 Appraisal of collateral (3) Collateral discounts (4) 7 − 52%/(20%) Total $ 1,917 (1) At September 30, 2014, consisted of six loans with an aggregate balance of $887,000 and no specific loan loss allowance. (2) Includes assets directly charged-down to fair value during the year-to-date period. (3) Fair value is generally determined through independent appraisals of the underlying collateral primarily using comparable sales. (4) Appraisals may be adjusted by management for qualitative factors such as time, changes in economic conditions and estimated liquidation expenses.
Schedule of quantitative information regarding significant techniques and inputs used	The following table shows active information regarding significant techniques and inputs used at September 30, 2015 and 2014 for measures in a non-recurring basis using unobservable inputs (Level 2): Fair Value at Valuation Unobservable Method or Value as of (In thousands) Mortgage servicing rights $ 30 Discounted rate Discount rate 11.00 – 12.00% Rate used through Loan prepayment speeds 14.73% Weighted-average Servicing fees 0.25% Of loan balance Servicing costs $6.25% Monthly servicing $300 – 500 Additional monthly Fair Value at Valuation Unobservable Method or Value as of (In thousands) Mortgage servicing rights $ 160 Discounted rate Discount rate 11.00 – 12.00% Rate used through Loan prepayment speeds 14.15% Weighted-average Servicing fees 0.25% Of loan balance Servicing costs $6.25 Monthly servicing $300 – 500 Additional monthly
Schedule of carrying amount and estimated fair value of the Company's financial instruments	The carrying amount and estimated fair value of the Company’s financial instruments as of September 30, 2015 and 2014 were as follows: Carrying Fair Value Level 1 Level 2 Level 3 (In thousands) September 30, 2015: Financial assets: Cash and cash equivalents $ 40,263 $ 40,263 $ 40,263 $ — $ — Investment securities available-for-sale 128,354 128,354 — 128,354 — Investment securities held-to-maturity 57,221 56,825 — 56,825 — Loans receivable, net 391,307 400,305 — — 400,305 Accrued interest receivable 2,484 2,484 — 2,484 — Restricted stock 4,765 4,765 — 4,765 — Mortgage servicing rights 401 416 — 416 — Financial liabilities: Savings accounts 45,189 45,189 — 45,189 — Checking and NOW accounts 109,907 109,907 — 109,907 — Money market accounts 108,706 108,706 — 108,706 — Certificates of deposit 201,720 203,257 — 203,257 — FHLB advances 103,000 104,889 — 104,889 — Derivatives 348 348 — 348 — Accrued interest payable 396 396 — 396 — September 30, 2014: Financial assets: Cash and cash equivalents $ 19,187 $ 19,187 $ 19,187 $ — $ — Investment securities available-for-sale 100,943 100,943 — 100,943 — Loans receivable, net 386,074 388,202 — — 388,202 Accrued interest receivable 1,322 1,322 — 1,322 — Restricted stock 3,503 3,503 — 3,503 — Mortgage servicing rights 453 512 — 512 — Financial liabilities: Savings accounts 44,917 44,917 — 44,917 — Checking and NOW accounts 104,980 104,980 — 104,980 — Money market accounts 59,529 59,529 — 59,529 — Certificates of deposit 203,527 207,080 — 207,080 — FHLB advances 48,000 49,627 — 49,627 — Accrued interest payable 149 149 — 149 —

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Sep. 30, 2015
Income Tax Disclosure [Abstract]
Schedule of deferred income taxes	Deferred income taxes at September 30, 2015 and 2014 were as follows: September 30, 2015 2014 (In thousands) Deferred Tax Assets: Unrealized loss on investments available for sale $ 383 $ 932 Allowance for loan losses 2,985 3,051 Non-accrual interest 98 122 Write-down of real estate owned 106 270 Alternative minimum tax (AMT) credit carryover 128 64 Low-income housing tax credit carryover 337 337 Supplement Employer Retirement Plan 455 455 Charitable contributions 36 36 Depreciation 205 127 Federal net operating loss 6,375 7,159 Other 338 54 Total Deferred Tax Assets 11,446 12,607 Valuation allowance for DTA (8,043 ) (10,074 ) Total Deferred Tax Assets, Net of Valuation Allowance $ 3,403 $ 2,533 Deferred Tax Liabilities: State net operating income (187 ) (3 ) Mortgage servicing rights (136 ) (154 ) Other (206 ) - Total Deferred Tax Liabilities (529 ) (157 ) Deferred Tax Assets, Net $ 2,874 $ 2,376
Schedule of income tax expense (benefit)	Income tax expense for the years ended September 30, 2015, 2014 and 2013 was comprised of the following: September 30, 2015 2014 2013 (In thousands) Federal: Current $ 1,035 $ 388 $ (15 ) Deferred (1,035 ) (367 ) 6,025 - 21 6,010 State, current - - - $ - $ 21 $ 6,010
Schedule of reconciliation between federal income tax at the statutory rate	The following reconciliation between federal income tax at the statutory rate of 34% and the actual income tax expense (benefit) recorded on income (loss) before income taxes for the years ended September 30, 2015, 2014 and 2013: September 30, 2015 2014 2013 (Dollars in thousands) At federal statutory rate at 34% $ 1,257 $ - $ (4,350 ) Adjustments resulting from: Tax-exempt interest (186 ) - (77 ) Earnings on bank-owned life insurance (231 ) - (400 ) Federal tax on cash surrender of BOLI - 21 - DTA valuation allowance (873 ) - 10,724 Other 33 - 113 $ - $ 21 $ 6,010 Effective tax rate 0.0 % 3.3 % (47.0 )%

Leases (Tables)

Leases (Tables)	12 Months Ended
	Sep. 30, 2015
Leases [Abstract]
Schedule of future minimum rental commitments under lease	Pursuant to the terms of non-cancelable operating lease agreements expiring in September 2030, pertaining to Company property, future minimum rent commitments are (In thousands): Years ending September 30: 2016 $ 252 2017 214 2018 215 2019 214 2020 215 Thereafter 3,905 $ 5,015 The Company receives rents from the lease of office and residential space owned by the Company. Future minimum rental commitments under these leases are (In thousands): Years ending September 30: 2016 $ 156 2017 106 2018 23 2019 - 2020 - $ 285

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Sep. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Schedule of financial instruments outstanding	At September 30, 2015 and 2014, the following financial instruments were outstanding whose contract amounts represent credit risk: September 30, 2015 2014 (In thousands) Commitments to extend credit: Future loan commitments $ 26,849 $ 10,952 Undisbursed construction loans 14,187 2,873 Undisbursed home equity lines of credit 27,074 14,867 Undisbursed commercial lines of credit 20,325 948 Undisbursed commercial unsecured lines of credit 5,275 - Overdraft protection lines 840 133 Standby letters of credit 566 3,302 Total Commitments $ 95,116 $ 33,075

Regulatory Matters (Tables)

Regulatory Matters (Tables)	12 Months Ended
	Sep. 30, 2015
Banking and Thrift [Abstract]
Schedule of actual capital amounts and ratios	The Bank’s actual capital amounts and ratios are also presented in the table: Actual For Capital Adequacy To be Well Capitalized Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) As of September 30, 2015: Core Capital (to adjusted tangible assets) $ 69,030 10.80 ≥25,573 4.00 ≥31,966 5.00 % Common equity Tier 1(to risk-weighted assets) 69,030 15.90 ≥19,538 4.50 ≥28,222 6.50 Tier 1 Capital (to risk-weighted assets) 69,030 15.90 ≥26,051 6.00 ≥34,734 8.00 Total risk-based Capital (to risk-weighted assets) 73,759 16.99 ≥34,734 8.00 ≥43,418 10.00 As of September 30, 2014: Tangible Capital (to tangible assets) $ 64,414 12.09 % $ ≥7,990 1.50 % $ - N/A Core Capital (to adjusted tangible assets) 64,414 12.09 ≥21,305 4.00 ≥26,632 5.00 % Tier 1 Capital (to risk-weighted assets) 64,414 19.50 ≥13,212 4.00 ≥19,818 6.00 Total risk-based Capital (to risk-weighted assets) 68,549 20.75 ≥26,424 8.00 ≥33,030 10.00
Schedule of reconciliation of Bank's equity	The following table presents a reconciliation of the Bank’s equity determined using accounting principles generally accepted in the United States of America (“US GAAP”) and its regulatory capital amounts as of September 30, 2015 and 2014: September 30, 2015 2014 (In thousands) Bank GAAP equity $ 67,951 $ 63,454 Disallowed portion of deferred tax asset - (670 ) Net unrealized gain on securities available for sale, net of income taxes 743 1,630 Net unrealized gain on derivatives, net of income taxes 336 - Tangible Capital , Core Capital and Tier 1 Capital 69,030 64,414 Allowance for loan losses 4,729 4,135 Total Risk-Based Capital $ 73,759 $ 68,549

Comprehensive Income (Loss) (Ta

Comprehensive Income (Loss) (Tables)	12 Months Ended
	Sep. 30, 2015
Equity [Abstract]
Schedule of accumulated other comprehensive (loss) included in shareholders equity	The components of accumulated other comprehensive (loss) included in shareholders’ equity are as follows: September 30, 2015 2014 2013 (In thousands) Net unrealized holding gains (losses) on available-for-sale securities $ (1,011 ) $ (2,736 ) $ (4,072 ) Tax effect 344 931 1,384 Net of tax amount (667 ) (1,805 ) (2,688 ) Net unrealized holding losses on securities available-for-sale transferred to held-to-maturity (115 ) — — Tax effect 39 — — Net of tax amount (76 ) — — Fair value adjustment on derivatives (348 ) — — Tax effect 12 — — Net of tax amount (336 ) — — Total accumulated other comprehensive loss $ (1,079 ) $ (1,805 ) $ (2,688 )
Schedule of other comprehensive income (loss) and related tax effects	Other comprehensive income (loss) and related tax effects are presented in the following table: Year Ended September 30, 2015 2014 2013 (In thousands) Net unrealized holding gains (losses) on available-for-sale securities $ 2,120 $ 1,419 $ (4,565 ) Net realized gain on securities available-for-sale (515 ) (83 ) (479 ) Amortization of unrealized holding losses on securities available-for-sale transferred to held-to-maturity (2) 5 — — Fair value adjustment on derivatives (348 ) — — Other comprehensive income (loss) before taxes 1,262 1,336 (5,044 ) Tax effect (536 ) (453 ) 1,715 Total comprehensive income (loss) $ 726 $ 883 $ (3,329

Condensed Financial Informati40

Condensed Financial Information - Parent Company Only (Tables)	12 Months Ended
	Sep. 30, 2015
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Schedule of condensed statements of financial condition	Condensed Statements of Financial Condition September 30, 2015 2014 (In thousands) Assets Cash and Cash Equivalents $ 5,325 $ 2,438 Investment in subsidiaries 67,952 63,454 Investment securities available for sale, at fair value - 8,329 Investment securities held to maturity, (fair value at $5,666) 5,762 - Loans receivable, net 1,842 1,969 Deferred income taxes, net - 91 Other assets 531 539 Total Assets $ 81,412 $ 76,820 Liabilities Accounts payable $ 21 $ 48 Shareholders’ Equity 81,391 76,772 Total Liabilities and Shareholders’ Equity $ 81,412 $ 76,820
Schedule of condensed statements of operations	Condensed Statements of Operations Year Ended September 30, 2015 2014 2013 (In thousands) Income Interest income $ 196 $ 254 $ 184 Total Interest Income 196 254 184 Gain on sale of investment securities - - - Expense Other operating expenses 251 331 17 Total Other Expenses 251 331 17 Gain (Loss) before Equity in Undistributed Net (Loss) Income of Subsidiaries and Income Tax Expense (55 ) (77 ) 167 Equity in Undistributed Net Income (Loss) of Subsidiaries 3,753 400 (18,839 ) Income tax expense - - 131 Net Income (Loss) $ 3,698 $ 323 $ (18,803 )
Schedule of condensed statements of comprehensive income (loss)	Year Ended September 30, 2015 2014 2013 (In thousands) Net Income (Loss) $ 3,698 $ 323 $ (18,803 ) Other Comprehensive Income (Loss): Changes in net unrealized net gains and losses on securities available for sale 267 46 (312 ) Gains realized on sale of securities in net income (loss) - - - 267 46 (312 ) Deferred income tax effect (91 ) (16 ) 106 Total other comprehensive income (loss) 176 30 (206 ) Total comprehensive income (loss) $ 3,874 $ 353 $ (19,009 )
Schedule of condensed statements of cash flows	Condensed Statements of Cash Flows Year Ended September 30, 2015 2014 2013 (In thousands) Cash Flows from Operating Activities Net income (loss) $ 3,698 $ 323 $ (18,803 ) Undistributed net (income) loss of subsidiaries (3,752 ) (400 ) 18,839 Deferred income taxes, net 84 197 106 ESOP shares committed to be released 195 160 169 Amortization of discounts on investment securities - - 40 Decrease in accounts payable (27 ) (14 ) - Decrease (increase) in other assets 239. 227. (197 ) Net Cash Provided by Operating Activities 437 493 154 Cash Flows from Investing Activities Proceeds from maturities and principal collection on investments available for sale, net - 422 1,474 Proceeds from maturities and principal collection on investments held to maturity 511 - - Purchases of investment securities - (992 ) (10,299 ) Calls, sales of investment securities 1,812 - 200 Loan originations and principal collections, net 127 121 115 Net Cash Provided by(Used in) Investing Activities 2,450 (449 ) (8,510 ) Cash Flows from Financing Activities Proceeds from stock issuance net of offering costs - - 34,732 Capitalization - - (25,000 ) Capitalization of Mutual Holding Company - - 100 Net Cash Provided by Financing Activities - - 9,832 Net Increase in Cash and Cash Equivalents 2,887 44 1,476 Cash and Cash Equivalents - Beginning 2,438 2,394 918 Cash and Cash Equivalents - Ending $ 5,325 $ 2,438 $ 2,394

Organizational Structure and 41

Organizational Structure and Nature of Operations (Detail Narrative) - USD ($) $ / shares in Units, $ in Thousands	Oct. 11, 2012	May. 19, 2008	Sep. 30, 2008	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Common stock, par value (in dollars per share)				$ 0.01	$ 0.01
Common stock, shares outstanding				6,558,473	6,558,473
Employee Stock Ownership Plan (ESOP), amount borrowed			$ 2,600
Employee Stock Ownership Plan (ESOP), shares purchased			241,178
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
Assets				$ 655,690	$ 542,264
Net income (loss)				$ 3,698	323	$ (18,803)
Second Step Conversion [Member]
Number of common stock issued in connection with conversion and reorganization	3,636,875
Common stock, par value (in dollars per share)	$ 0.01
Subscription price	$ 10
Common stock, value, subscriptions	$ 36,400
Malvern Federal Mutual Holding Company [Member]
Employee Stock Ownership Plan (ESOP), amount borrowed		$ 2,600
Employee Stock Ownership Plan (ESOP), shares purchased		241,178
Employee Stock Ownership Plan (ESOP), debt structure, direct loan, description		Principal and interest payments of the loan are being made quarterly over a term of 18 years at a fixed interest rate of 5.0%.
Mid Tier Holding Company [Member] | Second Step Conversion [Member]
Number of common stock issued in connection with conversion and reorganization	2,921,598
Common stock, conversion basis	Each share of common stock of the Mid-Tier Holding Company was converted into the right to receive 1.0748 shares of common stock of the new Malvern Bancorp, Inc. in the conversion and reorganization.
Strategic Asset Management Group Inc [Member]
Investment owned, percentage				50.00%
Assets				$ 68	66
Net income (loss)				$ 2	$ 5	$ 10

Summary of Significant Accoun42

Summary of Significant Accounting Policies (Detail Narrative) $ in Thousands	12 Months Ended
	Sep. 30, 2015USD ($)N	Sep. 30, 2014USD ($)	Sep. 30, 2013USD ($)
Loans receivable, net	$ 391,307	$ 386,074
Property and equipment, depreciation method	straight-line and accelerated methods
Expenses of matching contribution related to the plan	$ 64	118	$ 110
Accrued amount for the plans included in other liabilities	1,200	1,300
Distributions made during the period	13	13
Expense associated with the plans	$ (24)	$ 78	$ 168
Number of reportable segments | N	1
Maximum [Member]
Useful life	P39Y
Mortgage loan, maturity term	30 years
Minimum [Member]
Useful life	P3Y
Mortgage loan, maturity term	10 years

Summary of Significant Accoun43

Summary of Significant Accounting Policies (Detail Narrative 1) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2011
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Amount of net repurchases	$ 1,262	$ 465	$ (1,109)
Cash and cash equivalents	40,263	19,187	23,687	$ 131,910	$ 33,496
Dividends received or recognized	311	123	$ 19
Federal Home Loan Bank of Philadelphia [Member]
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Amount of net repurchases	$ 1,300	$ 465
Number of FHLB shares	47,651	35,206
Cash and cash equivalents	$ 3,700	$ 3,200

Earnings (Loss) Per Share (Deta

Earnings (Loss) Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Earnings Per Share [Abstract]
Net Income (Loss)	$ 3,698	$ 323	$ (18,803)
Weighted average shares outstanding	6,558,473	6,558,473	6,558,473
Average unearned ESOP shares	(165,143)	(179,543)	(193,483)
Weighted average shares outstanding - basic (in shares)	6,393,330	6,378,930	6,351,248
Earnings (Loss) per share - basic (in dollars per share)	$ 0.58	$ 0.05	$ (2.96)

Employee Stock Ownership Plan (

Employee Stock Ownership Plan (Detail Narrative) - USD ($) $ / shares in Units, $ in Thousands	4 Months Ended	12 Months Ended
	Sep. 30, 2008	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
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	$ 2,600
Average price of shares purchased	$ 10.86
Employee Stock Ownership Plan (ESOP), debt structure, direct loan, description	The loan, which bears an interest rate of 5%, is being repaid in quarterly installments through 2026
Committed to be released ESOP shares		14,400	14,400	14,371
Number of unallocated shares		157,965
Number of allocated shares held by the ESOP		101,253
Aggregate fair value of shares held by the ESOP		$ 2,500

Investment Securities (Detail N

Investment Securities (Detail Narrative) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Investments, Debt and Equity Securities [Abstract]
Proceeds from sale of securities available for sale	$ 70,400	$ 16,800	$ 18,200
Available-for-sale securities, gross realized gains	610	118	549
Available-for-sale securities, gross realized losses	$ 95	$ 35	$ 70

Investment Securities (Detail47

Investment Securities (Detail Narrative 1) - N	Sep. 30, 2015	Sep. 30, 2014
U S Government Agencies Debt Securities [Member]
Schedule of Investments [Line Items]
Number of securities held in an unrealized loss position	6	21
Mortgage Backed Securities [Member]
Schedule of Investments [Line Items]
Number of securities held in an unrealized loss position	37	66
Single Issuer Trust Preferred Security [Member]
Schedule of Investments [Line Items]
Number of securities held in an unrealized loss position	1	1
Corporate Debt Securities [Member]
Schedule of Investments [Line Items]
Number of securities held in an unrealized loss position	29
U S States And Political Subdivisions [Member]
Schedule of Investments [Line Items]
Number of securities held in an unrealized loss position	20	6

Investment Securities (Details)

Investment Securities (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Investment Securities Available-for-Sale:
Amortized Cost	$ 129,480	$ 103,679
Gross Unrealized Gains	226	125
Gross Unrealized Losses	(1,352)	(2,861)
Fair value	128,354	100,943
Investment Securities Held-to-Maturity:
Amortized Cost	57,221
Gross Unrealized Gains	86
Gross Unrealized Losses	(482)
Fair Value	56,825	0
Total investment securities Amortized Cost	186,701
Total investment securities Gross Unrealized Gains	312
Total investment securities Gross Unrealized Losses	(1,834)
Total investment securities Fair Value	185,179
U S Government Agencies Debt Securities [Member]
Investment Securities Available-for-Sale:
Amortized Cost	$ 816	19,719
Gross Unrealized Gains		1
Gross Unrealized Losses	$ (1)	(464)
Fair value	815	19,256
Investment Securities Held-to-Maturity:
Amortized Cost	14,301
Gross Unrealized Gains	8
Gross Unrealized Losses	(13)
Fair Value	14,296
U S States And Political Subdivisions [Member]
Investment Securities Available-for-Sale:
Amortized Cost	42,007	$ 2,543
Gross Unrealized Gains	192
Gross Unrealized Losses	(116)	$ (43)
Fair value	42,083	2,500
Investment Securities Held-to-Maturity:
Amortized Cost	10,075
Gross Unrealized Gains	23
Gross Unrealized Losses	(75)
Fair Value	10,023
Single Issuer Trust Preferred Security [Member]
Investment Securities Available-for-Sale:
Amortized Cost	$ 1,000	$ 1,000
Gross Unrealized Gains
Gross Unrealized Losses	$ (150)	$ (120)
Fair value	850	880
Corporate Debt Securities [Member]
Investment Securities Available-for-Sale:
Amortized Cost	70,874	1,504
Gross Unrealized Gains	34	$ 21
Gross Unrealized Losses	(926)
Fair value	69,982	$ 1,525
Investment Securities Held-to-Maturity:
Amortized Cost	$ 4,011
Gross Unrealized Gains
Gross Unrealized Losses	$ (55)
Fair Value	3,956
Available For Sale Securities Before Mortgage Backed [Member]
Investment Securities Available-for-Sale:
Amortized Cost	114,697	24,766
Gross Unrealized Gains	226	22
Gross Unrealized Losses	(1,193)	(627)
Fair value	113,730	24,161
Mortgage Backed Securities [Member]
Investment Securities Available-for-Sale:
Amortized Cost	$ 14,783	78,913
Gross Unrealized Gains		103
Gross Unrealized Losses	$ (159)	(2,234)
Fair value	14,624	76,782
Fixed Rate [Member] | Federal National Mortgage Association Certificates And Obligations F N M A [Member]
Investment Securities Available-for-Sale:
Amortized Cost	$ 8,797	17,390
Gross Unrealized Gains		9
Gross Unrealized Losses	$ (105)	(591)
Fair value	8,692	16,808
Fixed Rate [Member] | Federal Home Loan Mortgage Corporation Certificates And Obligations F H L M C [Member]
Investment Securities Available-for-Sale:
Amortized Cost	$ 5,986	$ 12,336
Gross Unrealized Gains
Gross Unrealized Losses	$ (54)	$ (340)
Fair value	5,932	11,996
Fixed Rate [Member] | Collateralized Mortgage Obligations [Member]
Investment Securities Available-for-Sale:
Amortized Cost		45,222
Gross Unrealized Gains		46
Gross Unrealized Losses		(1,303)
Fair value		43,965
Investment Securities Held-to-Maturity:
Amortized Cost	28,834
Gross Unrealized Gains	55
Gross Unrealized Losses	(339)
Fair Value	$ 28,550
Adjustable Rate Loans [Member] | Federal National Mortgage Association Certificates And Obligations F N M A [Member]
Investment Securities Available-for-Sale:
Amortized Cost		403
Gross Unrealized Gains		$ 15
Gross Unrealized Losses
Fair value		$ 418
Adjustable Rate Loans [Member] | Federal Home Loan Mortgage Corporation Certificates And Obligations F H L M C [Member]
Investment Securities Available-for-Sale:
Amortized Cost		3,562
Gross Unrealized Gains		$ 33
Gross Unrealized Losses
Fair value		$ 3,595

Investment Securities (Details

Investment Securities (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Investment Securities Available-for-Sale:
Less than 12 Months: Fair Value	$ 85,026	$ 3,945
Less than 12 Months: Unrealized Losses	(1,120)	(54)
More than 12 Months: Fair Value	7,550	86,544
More than 12 Months: Unrealized Losses	(232)	(2,807)
Total: Fair Value	92,576	90,489
Total: Unrealized Losses	(1,352)	$ (2,861)
Investment Securities Held-to-Maturity:
Less than 12 Months: Fair Value	38,400
Less than 12 Months: Unrealized Losses	$ (482)
More than 12 Months: Fair Value
More than 12 Months: Unrealized Losses
Total: Fair Value	$ 38,400
Total: Unrealized Losses	(482)
Total investment securities in an unrealized loss position less than 12 months fair value	123,426
Total investment securities in an unrealized loss position less than 12 months gross unrealized loss	(1,602)
Total investment securities in an unrealized loss position 12 months or more fair value	7,550
Total investment securities in an unrealized loss position 12 months or more gross unrealized loss	(232)
Total investment securities in an unrealized loss position fair value	130,976
Total investment securities in an unrealized loss position gross unrealized loss	$ (1,834)
U S Government Agencies Debt Securities [Member]
Investment Securities Available-for-Sale:
Less than 12 Months: Fair Value
Less than 12 Months: Unrealized Losses
More than 12 Months: Fair Value	$ 815	$ 18,267
More than 12 Months: Unrealized Losses	(1)	(464)
Total: Fair Value	815	18,267
Total: Unrealized Losses	(1)	$ (464)
Investment Securities Held-to-Maturity:
Less than 12 Months: Fair Value	4,792
Less than 12 Months: Unrealized Losses	$ (13)
More than 12 Months: Fair Value
More than 12 Months: Unrealized Losses
Total: Fair Value	$ 4,792
Total: Unrealized Losses	(13)
U S States And Political Subdivisions [Member]
Investment Securities Available-for-Sale:
Less than 12 Months: Fair Value	18,223
Less than 12 Months: Unrealized Losses	$ (116)
More than 12 Months: Fair Value		$ 2,501
More than 12 Months: Unrealized Losses		(43)
Total: Fair Value	$ 18,223	2,501
Total: Unrealized Losses	(116)	$ (43)
Investment Securities Held-to-Maturity:
Less than 12 Months: Fair Value	6,917
Less than 12 Months: Unrealized Losses	$ (75)
More than 12 Months: Fair Value
More than 12 Months: Unrealized Losses
Total: Fair Value	$ 6,917
Total: Unrealized Losses	$ (75)
Single Issuer Trust Preferred Security [Member]
Investment Securities Available-for-Sale:
Less than 12 Months: Fair Value
Less than 12 Months: Unrealized Losses
More than 12 Months: Fair Value	$ 850	$ 880
More than 12 Months: Unrealized Losses	(150)	(120)
Total: Fair Value	850	880
Total: Unrealized Losses	(150)	$ (120)
Corporate Debt Securities [Member]
Investment Securities Available-for-Sale:
Less than 12 Months: Fair Value	58,064
Less than 12 Months: Unrealized Losses	$ (926)
More than 12 Months: Fair Value
More than 12 Months: Unrealized Losses
Total: Fair Value	$ 58,064
Total: Unrealized Losses	(926)
Investment Securities Held-to-Maturity:
Less than 12 Months: Fair Value	3,957
Less than 12 Months: Unrealized Losses	$ (55)
More than 12 Months: Fair Value
More than 12 Months: Unrealized Losses
Total: Fair Value	$ 3,957
Total: Unrealized Losses	(55)
Fixed Rate [Member] | Federal National Mortgage Association Certificates And Obligations F N M A [Member]
Investment Securities Available-for-Sale:
Less than 12 Months: Fair Value	5,459
Less than 12 Months: Unrealized Losses	(53)
More than 12 Months: Fair Value	3,233	$ 16,715
More than 12 Months: Unrealized Losses	(52)	(591)
Total: Fair Value	8,692	16,715
Total: Unrealized Losses	(105)	$ (591)
Fixed Rate [Member] | Federal Home Loan Mortgage Corporation Certificates And Obligations F H L M C [Member]
Investment Securities Available-for-Sale:
Less than 12 Months: Fair Value	3,280
Less than 12 Months: Unrealized Losses	(25)
More than 12 Months: Fair Value	2,652	$ 11,996
More than 12 Months: Unrealized Losses	(29)	(340)
Total: Fair Value	5,932	11,996
Total: Unrealized Losses	(54)	(340)
Fixed Rate [Member] | Collateralized Mortgage Obligations [Member]
Investment Securities Available-for-Sale:
Less than 12 Months: Fair Value		3,945
Less than 12 Months: Unrealized Losses		(54)
More than 12 Months: Fair Value		36,185
More than 12 Months: Unrealized Losses		(1,249)
Total: Fair Value		40,130
Total: Unrealized Losses		$ (1,303)
Investment Securities Held-to-Maturity:
Less than 12 Months: Fair Value	22,734
Less than 12 Months: Unrealized Losses	$ (339)
More than 12 Months: Fair Value
More than 12 Months: Unrealized Losses
Total: Fair Value	$ 22,734
Total: Unrealized Losses	$ (339)

Investment Securities (Detail50

Investment Securities (Details 2) - USD ($) $ in Thousands	Sep. 30, 2015	Sep. 30, 2014
Available for Sale, Amortized Cost:
Due in one year or less
Due after one year through five years	$ 13,038
Due after five years through ten years	77,917
Due after ten years	38,525
Available-for-sale Securities, Amortized Cost Basis, Total	$ 129,480	$ 103,679
Available for Sale, Fair Value:
Due in one year or less
Due after one year through five years	$ 13,019
Due after five years through ten years	77,096
Due after ten years	38,239
Available-for-sale Securities, Fair value, Total	128,354	100,943
Held-to-Maturity, Amortized Cost:
Due after one year through five years	$ 14,301
Due after five years through ten years
Due after ten years	$ 42,920
Held-to-maturity Securities, Amortized Cost, Total	57,221
Held-to-Maturity, Fair Value:
Due after one year through five years	$ 14,296
Due after five years through ten years
Due after ten years	$ 42,529
Held-to-maturity Securities, Fair Value, Total	56,825	$ 0
Total Investment Securities, Amortized Cost	186,701
Total Investment Securities, Fair Value	$ 185,179

Loans Receivable and Related 51

Loans Receivable and Related Allowance for Loan Losses (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012
Total loans	$ 394,198	$ 388,577	$ 404,737
Deferred loan fees and cost, net	1,776	2,086
Allowance for loan losses	(4,667)	(4,589)	(5,090)	$ (7,581)
Total loans receivable, net	391,307	386,074
Residential Mortgage [Member]
Total loans	214,958	231,324	239,900
Allowance for loan losses	(1,486)	(1,672)	(1,414)	(1,487)
Construction and Development - Residential And Commercial Receivable [Member]
Total loans	5,677	5,964	6,672
Allowance for loan losses	(30)	(291)	(164)	(724)
Construction And Development - Land Receivable [Member]
Total loans	2,142	1,033	2,439
Allowance for loan losses	(35)	(13)	(56)	(11)
Construction And Development Receivable [Member]
Total loans	7,819	6,997
Commercial Real Estate [Member]
Total loans	87,686	71,579	70,571
Allowance for loan losses	(1,235)	(1,248)	(1,726)	(3,493)
Commercial Multi Family Receivable [Member]
Total loans	7,444	1,032	1,971
Allowance for loan losses	(104)	(29)	(40)	(10)
Commercial - Other Receivable [Member]
Total loans	13,380	5,480	5,573
Allowance for loan losses	(108)	(50)	(59)	(226)
Commercial [Member]
Total loans	108,510	78,091
Consumer - Home Equity Lines of Credit [Member]
Total loans	22,919	22,292	20,431
Allowance for loan losses	(139)	(168)	(137)	(160)
Consumer - Second Mortgages Receivable [Member]
Total loans	37,633	47,034	54,532
Allowance for loan losses	(761)	(1,033)	(1,393)	(1,389)
Consumer - Other Receivable [Member]
Total loans	2,359	2,839	2,648
Allowance for loan losses	(24)	(23)	$ (22)	$ (16)
Consumer Receivable [Member]
Total loans	$ 62,911	$ 72,165

Loans Receivable and Related 52

Loans Receivable and Related Allowance for Loan Losses (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, Beginning Balance	$ 4,589	$ 5,090	$ 7,581
Charge-offs	(221)	(941)	(14,321)
Recoveries	209	177	595
Provision	90	263	11,235
Allowance for loan losses, Ending Balance	$ 4,667	$ 4,589	$ 5,090
Allowance for loan losses: Ending balance: individually evaluated for impairment
Allowance for loan losses: Ending balance: collectively evaluated for impairment	$ 4,667	$ 4,589	$ 5,090
Loans receivable	394,198	388,577	404,737
Loans receivable: Ending balance: individually evaluated for impairment	2,490	3,400	3,247
Loans Receivable: Ending balance: collectively evaluated for impairment	391,708	385,177	401,490
Residential Mortgage [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, Beginning Balance	$ 1,672	1,414	1,487
Charge-offs		(83)	(994)
Recoveries	$ 17	23	199
Provision	(203)	318	722
Allowance for loan losses, Ending Balance	$ 1,486	$ 1,672	$ 1,414
Allowance for loan losses: Ending balance: individually evaluated for impairment
Allowance for loan losses: Ending balance: collectively evaluated for impairment	$ 1,486	$ 1,672	$ 1,414
Loans receivable	214,958	231,324	239,900
Loans receivable: Ending balance: individually evaluated for impairment	599	999	1,295
Loans Receivable: Ending balance: collectively evaluated for impairment	214,359	230,325	238,605
Construction and Development - Residential And Commercial Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, Beginning Balance	291	164	724
Charge-offs	(1)	(37)	$ (5,768)
Recoveries	98	1
Provision	(358)	163	$ 5,208
Allowance for loan losses, Ending Balance	$ 30	$ 291	$ 164
Allowance for loan losses: Ending balance: individually evaluated for impairment
Allowance for loan losses: Ending balance: collectively evaluated for impairment	$ 30	$ 291	$ 164
Loans receivable	5,677	5,964	6,672
Loans receivable: Ending balance: individually evaluated for impairment	121	187	209
Loans Receivable: Ending balance: collectively evaluated for impairment	5,556	5,777	6,463
Construction And Development - Land Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, Beginning Balance	$ 13	$ 56	11
Charge-offs			$ (99)
Recoveries
Provision	$ 22	$ (43)	$ 144
Allowance for loan losses, Ending Balance	$ 35	$ 13	$ 56
Allowance for loan losses: Ending balance: individually evaluated for impairment
Allowance for loan losses: Ending balance: collectively evaluated for impairment	$ 35	$ 13	$ 56
Loans receivable	$ 2,142	$ 1,033	2,439
Loans receivable: Ending balance: individually evaluated for impairment			237
Loans Receivable: Ending balance: collectively evaluated for impairment	$ 2,142	$ 1,033	2,202
Commercial Real Estate [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, Beginning Balance	1,248	1,726	3,493
Charge-offs	(48)	(183)	(6,315)
Recoveries	9	9	117
Provision	26	(304)	4,431
Allowance for loan losses, Ending Balance	$ 1,235	$ 1,248	$ 1,726
Allowance for loan losses: Ending balance: individually evaluated for impairment
Allowance for loan losses: Ending balance: collectively evaluated for impairment	$ 1,235	$ 1,248	$ 1,726
Loans receivable	87,686	71,579	$ 70,571
Loans receivable: Ending balance: individually evaluated for impairment	1,571	504
Loans Receivable: Ending balance: collectively evaluated for impairment	86,115	71,075	$ 70,571
Commercial Multi Family Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, Beginning Balance	$ 29	$ 40	$ 10
Charge-offs
Recoveries
Provision	$ 75	$ (11)	$ 30
Allowance for loan losses, Ending Balance	$ 104	$ 29	$ 40
Allowance for loan losses: Ending balance: individually evaluated for impairment
Allowance for loan losses: Ending balance: collectively evaluated for impairment	$ 104	$ 29	$ 40
Loans receivable	$ 7,444	$ 1,032	$ 1,971
Loans receivable: Ending balance: individually evaluated for impairment
Loans Receivable: Ending balance: collectively evaluated for impairment	$ 7,444	$ 1,032	$ 1,971
Commercial - Other Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, Beginning Balance	$ 50	$ 59	226
Charge-offs			(94)
Recoveries	$ 3	$ 3	23
Provision	55	(12)	(96)
Allowance for loan losses, Ending Balance	$ 108	$ 50	$ 59
Allowance for loan losses: Ending balance: individually evaluated for impairment
Allowance for loan losses: Ending balance: collectively evaluated for impairment	$ 108	$ 50	$ 59
Loans receivable	$ 13,380	5,480	5,573
Loans receivable: Ending balance: individually evaluated for impairment		900	900
Loans Receivable: Ending balance: collectively evaluated for impairment	$ 13,380	4,580	4,673
Consumer - Home Equity Lines of Credit [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, Beginning Balance	$ 168	137	$ 160
Charge-offs		(14)
Recoveries	$ 2	1	$ 17
Provision	(31)	44	(40)
Allowance for loan losses, Ending Balance	$ 139	$ 168	$ 137
Allowance for loan losses: Ending balance: individually evaluated for impairment
Allowance for loan losses: Ending balance: collectively evaluated for impairment	$ 139	$ 168	$ 137
Loans receivable	22,919	22,292	20,431
Loans receivable: Ending balance: individually evaluated for impairment	20	115	34
Loans Receivable: Ending balance: collectively evaluated for impairment	22,899	22,177	20,397
Consumer - Second Mortgages Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, Beginning Balance	1,033	1,393	1,389
Charge-offs	(138)	(618)	(1,042)
Recoveries	69	136	235
Provision	(203)	122	811
Allowance for loan losses, Ending Balance	$ 761	$ 1,033	$ 1,393
Allowance for loan losses: Ending balance: individually evaluated for impairment
Allowance for loan losses: Ending balance: collectively evaluated for impairment	$ 761	$ 1,033	$ 1,393
Loans receivable	37,633	47,034	54,532
Loans receivable: Ending balance: individually evaluated for impairment	179	695	572
Loans Receivable: Ending balance: collectively evaluated for impairment	37,454	46,339	53,960
Consumer - Other Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, Beginning Balance	23	22	16
Charge-offs	(34)	(6)	(9)
Recoveries	11	4	4
Provision	24	3	11
Allowance for loan losses, Ending Balance	$ 24	$ 23	$ 22
Allowance for loan losses: Ending balance: individually evaluated for impairment
Allowance for loan losses: Ending balance: collectively evaluated for impairment	$ 24	$ 23	$ 22
Loans receivable	$ 2,359	$ 2,839	$ 2,648
Loans receivable: Ending balance: individually evaluated for impairment
Loans Receivable: Ending balance: collectively evaluated for impairment	$ 2,359	$ 2,839	$ 2,648
Unallocated [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, Beginning Balance	$ 62	$ 79	$ 65
Charge-offs
Recoveries
Provision	$ 683	$ (17)	$ 14
Allowance for loan losses, Ending Balance	$ 745	$ 62	$ 79
Allowance for loan losses: Ending balance: individually evaluated for impairment
Allowance for loan losses: Ending balance: collectively evaluated for impairment	$ 745	$ 62	$ 79

Loans Receivable and Related 53

Loans Receivable and Related Allowance for Loan Losses (Details 2) - USD ($) $ in Thousands	Sep. 30, 2015	Sep. 30, 2014
Impaired Loans With Specific Allowance, Recorded Investment
Impaired Loans With Specific Allowance, Related Allowance
Impaired Loans With No Specific Allowance, Recorded Investment	$ 2,490	$ 3,400
Total Impaired Loans Recorded Investment	2,490	3,400
Total Impaired Loans Unpaid Principal Balance	$ 3,134	$ 4,608
Residential Mortgage [Member]
Impaired Loans With Specific Allowance, Recorded Investment
Impaired Loans With Specific Allowance, Related Allowance
Impaired Loans With No Specific Allowance, Recorded Investment	$ 599	$ 999
Total Impaired Loans Recorded Investment	599	999
Total Impaired Loans Unpaid Principal Balance	$ 696	$ 1,149
Construction and Development - Residential And Commercial Receivable [Member]
Impaired Loans With Specific Allowance, Recorded Investment
Impaired Loans With Specific Allowance, Related Allowance
Impaired Loans With No Specific Allowance, Recorded Investment	$ 121	$ 187
Total Impaired Loans Recorded Investment	121	187
Total Impaired Loans Unpaid Principal Balance	$ 253	$ 842
Commercial Real Estate [Member]
Impaired Loans With Specific Allowance, Recorded Investment
Impaired Loans With Specific Allowance, Related Allowance
Impaired Loans With No Specific Allowance, Recorded Investment	$ 1,571	$ 504
Total Impaired Loans Recorded Investment	1,571	504
Total Impaired Loans Unpaid Principal Balance	$ 1,807	$ 688
Commercial - Other Receivable [Member]
Impaired Loans With Specific Allowance, Recorded Investment
Impaired Loans With Specific Allowance, Related Allowance
Impaired Loans With No Specific Allowance, Recorded Investment		$ 900
Total Impaired Loans Recorded Investment		900
Total Impaired Loans Unpaid Principal Balance		$ 900
Consumer - Home Equity Lines of Credit [Member]
Impaired Loans With Specific Allowance, Recorded Investment
Impaired Loans With Specific Allowance, Related Allowance
Impaired Loans With No Specific Allowance, Recorded Investment	$ 20	$ 115
Total Impaired Loans Recorded Investment	20	115
Total Impaired Loans Unpaid Principal Balance	$ 36	$ 135
Consumer - Second Mortgages Receivable [Member]
Impaired Loans With Specific Allowance, Recorded Investment
Impaired Loans With Specific Allowance, Related Allowance
Impaired Loans With No Specific Allowance, Recorded Investment	$ 179	$ 695
Total Impaired Loans Recorded Investment	179	695
Total Impaired Loans Unpaid Principal Balance	$ 342	$ 894

Loans Receivable and Related 54

Loans Receivable and Related Allowance for Loan Losses (Details 3) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Average Impaired Loans	$ 2,463	$ 4,227	$ 14,930
Interest Income Recognized on Impaired Loans	21	63	386
Residential Mortgage [Member]
Average Impaired Loans	$ 729	$ 1,731	3,375
Interest Income Recognized on Impaired Loans			45
Construction and Development - Residential And Commercial Receivable [Member]
Average Impaired Loans	$ 144	$ 609	5,940
Interest Income Recognized on Impaired Loans	5	17	65
Construction And Development - Land Receivable [Member]
Average Impaired Loans		240	10
Interest Income Recognized on Impaired Loans		14	2
Commercial Real Estate [Member]
Average Impaired Loans	690	$ 21	4,763
Interest Income Recognized on Impaired Loans	4		255
Commercial - Other Receivable [Member]
Average Impaired Loans	340	$ 900	246
Interest Income Recognized on Impaired Loans	12	32	14
Consumer - Home Equity Lines of Credit [Member]
Average Impaired Loans	$ 23	$ 104	22
Interest Income Recognized on Impaired Loans			1
Consumer - Second Mortgages Receivable [Member]
Average Impaired Loans	$ 537	$ 622	574
Interest Income Recognized on Impaired Loans			$ 4

Loans Receivable and Related 55

Loans Receivable and Related Allowance for Loan Losses (Details 4) - USD ($) $ in Thousands	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Loans and Leases, gross	$ 394,198	$ 388,577	$ 404,737
Residential Mortgage [Member]
Loans and Leases, gross	214,958	231,324	239,900
Construction and Development - Residential And Commercial Receivable [Member]
Loans and Leases, gross	5,677	5,964	6,672
Construction And Development - Land Receivable [Member]
Loans and Leases, gross	2,142	1,033	2,439
Commercial Real Estate [Member]
Loans and Leases, gross	87,686	71,579	70,571
Commercial Multi Family Receivable [Member]
Loans and Leases, gross	7,444	1,032	1,971
Commercial - Other Receivable [Member]
Loans and Leases, gross	13,380	5,480	5,573
Consumer - Home Equity Lines of Credit [Member]
Loans and Leases, gross	22,919	22,292	20,431
Consumer - Second Mortgages Receivable [Member]
Loans and Leases, gross	37,633	47,034	54,532
Consumer - Other Receivable [Member]
Loans and Leases, gross	2,359	2,839	$ 2,648
Pass [Member]
Loans and Leases, gross	381,478	375,879
Pass [Member] | Residential Mortgage [Member]
Loans and Leases, gross	214,146	230,065
Pass [Member] | Construction and Development - Residential And Commercial Receivable [Member]
Loans and Leases, gross	5,450	5,777
Pass [Member] | Construction And Development - Land Receivable [Member]
Loans and Leases, gross	2,142	1,033
Pass [Member] | Commercial Real Estate [Member]
Loans and Leases, gross	78,207	63,125
Pass [Member] | Commercial Multi Family Receivable [Member]
Loans and Leases, gross	7,166	1,032
Pass [Member] | Commercial - Other Receivable [Member]
Loans and Leases, gross	12,387	3,555
Pass [Member] | Consumer - Home Equity Lines of Credit [Member]
Loans and Leases, gross	22,801	22,177
Pass [Member] | Consumer - Second Mortgages Receivable [Member]
Loans and Leases, gross	36,834	46,292
Pass [Member] | Consumer - Other Receivable [Member]
Loans and Leases, gross	2,345	2,823
Special Mention [Member]
Loans and Leases, gross	5,724	6,996
Special Mention [Member] | Residential Mortgage [Member]
Loans and Leases, gross	130	$ 137
Special Mention [Member] | Construction and Development - Residential And Commercial Receivable [Member]
Loans and Leases, gross	$ 106
Special Mention [Member] | Construction And Development - Land Receivable [Member]
Loans and Leases, gross
Special Mention [Member] | Commercial Real Estate [Member]
Loans and Leases, gross	$ 4,791	$ 5,797
Special Mention [Member] | Commercial Multi Family Receivable [Member]
Loans and Leases, gross	278
Special Mention [Member] | Commercial - Other Receivable [Member]
Loans and Leases, gross	$ 272	$ 1,025
Special Mention [Member] | Consumer - Home Equity Lines of Credit [Member]
Loans and Leases, gross
Special Mention [Member] | Consumer - Second Mortgages Receivable [Member]
Loans and Leases, gross	$ 133	$ 21
Special Mention [Member] | Consumer - Other Receivable [Member]
Loans and Leases, gross	14	16
Substandard [Member]
Loans and Leases, gross	6,996	5,702
Substandard [Member] | Residential Mortgage [Member]
Loans and Leases, gross	682	1,122
Substandard [Member] | Construction and Development - Residential And Commercial Receivable [Member]
Loans and Leases, gross	$ 121	$ 187
Substandard [Member] | Construction And Development - Land Receivable [Member]
Loans and Leases, gross
Substandard [Member] | Commercial Real Estate [Member]
Loans and Leases, gross	$ 4,688	$ 2,657
Substandard [Member] | Commercial Multi Family Receivable [Member]
Loans and Leases, gross
Substandard [Member] | Commercial - Other Receivable [Member]
Loans and Leases, gross	$ 721	$ 900
Substandard [Member] | Consumer - Home Equity Lines of Credit [Member]
Loans and Leases, gross	118	115
Substandard [Member] | Consumer - Second Mortgages Receivable [Member]
Loans and Leases, gross	$ 666	$ 721
Substandard [Member] | Consumer - Other Receivable [Member]
Loans and Leases, gross
Doubtful [Member]
Loans and Leases, gross
Doubtful [Member] | Residential Mortgage [Member]
Loans and Leases, gross
Doubtful [Member] | Construction and Development - Residential And Commercial Receivable [Member]
Loans and Leases, gross
Doubtful [Member] | Construction And Development - Land Receivable [Member]
Loans and Leases, gross
Doubtful [Member] | Commercial Real Estate [Member]
Loans and Leases, gross
Doubtful [Member] | Commercial Multi Family Receivable [Member]
Loans and Leases, gross
Doubtful [Member] | Commercial - Other Receivable [Member]
Loans and Leases, gross
Doubtful [Member] | Consumer - Home Equity Lines of Credit [Member]
Loans and Leases, gross
Doubtful [Member] | Consumer - Second Mortgages Receivable [Member]
Loans and Leases, gross
Doubtful [Member] | Consumer - Other Receivable [Member]
Loans and Leases, gross

Loans Receivable and Related 56

Loans Receivable and Related Allowance for Loan Losses (Details 5) - USD ($) $ in Thousands	Sep. 30, 2015	Sep. 30, 2014
Non-accrual loans	$ 1,399	$ 2,391
Residential Mortgage [Member]
Non-accrual loans	599	1,232
Construction and Development - Residential And Commercial Receivable [Member]
Non-accrual loans	12	78
Commercial Real Estate [Member]
Non-accrual loans	589	504
Consumer - Home Equity Lines of Credit [Member]
Non-accrual loans	20	115
Consumer - Second Mortgages Receivable [Member]
Non-accrual loans	$ 179	$ 462

Loans Receivable and Related 57

Loans Receivable and Related Allowance for Loan Losses (Details 6) - USD ($) $ in Thousands	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Current	$ 390,241	$ 384,609
Past Due	3,957	3,968
Total Loans Receivable	394,198	388,577	$ 404,737
Financing Receivables, 30 to 59 Days Past Due [Member]
Past Due	1,773	1,052
Financing Receivables, 60 to 89 Days Past Due [Member]
Past Due	785	525
Equal to Greater than 90 Days Past Due [Member]
Past Due	1,399	2,391
Residential Mortgage [Member]
Current	213,253	229,257
Past Due	1,705	2,067
Total Loans Receivable	214,958	231,324	239,900
Residential Mortgage [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Past Due	913	$ 835
Residential Mortgage [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Past Due	193
Residential Mortgage [Member] | Equal to Greater than 90 Days Past Due [Member]
Past Due	599	$ 1,232
Construction and Development - Residential And Commercial Receivable [Member]
Current	5,665	5,886
Past Due	12	78
Total Loans Receivable	$ 5,677	$ 5,964	6,672
Construction and Development - Residential And Commercial Receivable [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Past Due
Construction and Development - Residential And Commercial Receivable [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Past Due
Construction and Development - Residential And Commercial Receivable [Member] | Equal to Greater than 90 Days Past Due [Member]
Past Due	$ 12	$ 78
Construction And Development - Land Receivable [Member]
Current	$ 2,142	$ 1,033
Past Due
Total Loans Receivable	$ 2,142	$ 1,033	2,439
Construction And Development - Land Receivable [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Past Due
Construction And Development - Land Receivable [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Past Due
Construction And Development - Land Receivable [Member] | Equal to Greater than 90 Days Past Due [Member]
Past Due
Commercial Real Estate [Member]
Current	$ 86,119	$ 71,075
Past Due	1,567	504
Total Loans Receivable	87,686	$ 71,579	70,571
Commercial Real Estate [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Past Due	485
Commercial Real Estate [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Past Due	493
Commercial Real Estate [Member] | Equal to Greater than 90 Days Past Due [Member]
Past Due	589	$ 504
Commercial Multi Family Receivable [Member]
Current	$ 7,444	$ 1,032
Past Due
Total Loans Receivable	$ 7,444	$ 1,032	1,971
Commercial Multi Family Receivable [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Past Due
Commercial Multi Family Receivable [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Past Due
Commercial Multi Family Receivable [Member] | Equal to Greater than 90 Days Past Due [Member]
Past Due
Commercial - Other Receivable [Member]
Current	$ 13,380	$ 5,480
Past Due
Total Loans Receivable	$ 13,380	$ 5,480	5,573
Commercial - Other Receivable [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Past Due
Commercial - Other Receivable [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Past Due
Commercial - Other Receivable [Member] | Equal to Greater than 90 Days Past Due [Member]
Past Due
Consumer - Home Equity Lines of Credit [Member]
Current	$ 22,899	$ 22,177
Past Due	20	115
Total Loans Receivable	$ 22,919	$ 22,292	20,431
Consumer - Home Equity Lines of Credit [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Past Due
Consumer - Home Equity Lines of Credit [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Past Due
Consumer - Home Equity Lines of Credit [Member] | Equal to Greater than 90 Days Past Due [Member]
Past Due	$ 20	$ 115
Consumer - Second Mortgages Receivable [Member]
Current	37,010	45,847
Past Due	623	1,187
Total Loans Receivable	37,633	47,034	54,532
Consumer - Second Mortgages Receivable [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Past Due	345	200
Consumer - Second Mortgages Receivable [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Past Due	99	525
Consumer - Second Mortgages Receivable [Member] | Equal to Greater than 90 Days Past Due [Member]
Past Due	179	462
Consumer - Other Receivable [Member]
Current	2,329	2,822
Past Due	30	17
Total Loans Receivable	2,359	2,839	$ 2,648
Consumer - Other Receivable [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Past Due	$ 30	$ 17
Consumer - Other Receivable [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Past Due
Consumer - Other Receivable [Member] | Equal to Greater than 90 Days Past Due [Member]
Past Due

Loans Receivable and Related 58

Loans Receivable and Related Allowance for Loan Losses (Details 7) $ in Thousands	12 Months Ended
	Sep. 30, 2015USD ($)N	Sep. 30, 2014USD ($)N
Number of loans | N	5	3
Recorded investment | $	$ 1,583	$ 1,087
Number of loans subsequently defaulted | N	2	1
Recorded Investment subsequently defaulted | $	$ 982	$ 78
Construction and Development - Residential And Commercial Receivable [Member]
Number of loans | N	1	2
Recorded investment | $	$ 109	$ 187
Number of loans subsequently defaulted | N		1
Recorded Investment subsequently defaulted | $		$ 78
Commercial Real Estate [Member]
Number of loans | N	4
Recorded investment | $	$ 1,474
Number of loans subsequently defaulted | N	2
Recorded Investment subsequently defaulted | $	$ 982
Commercial - Other Receivable [Member]
Number of loans | N		1
Recorded investment | $		$ 900
Number of loans subsequently defaulted | N
Recorded Investment subsequently defaulted | $

Loans Receivable and Related 59

Loans Receivable and Related Allowance for Loan Losses (Details 8) - USD ($) $ in Thousands	Sep. 30, 2015	Sep. 30, 2014
Recorded Investment	$ 1,583	$ 1,087
Performing Financing Receivable [Member]
Recorded Investment	1,091	1,009
Nonperforming Financing Receivable [Member]
Recorded Investment	492	78
Construction and Development - Residential And Commercial Receivable [Member]
Recorded Investment	109	187
Construction and Development - Residential And Commercial Receivable [Member] | Performing Financing Receivable [Member]
Recorded Investment	$ 109	109
Construction and Development - Residential And Commercial Receivable [Member] | Nonperforming Financing Receivable [Member]
Recorded Investment		$ 78
Commercial Real Estate [Member]
Recorded Investment	$ 1,474
Commercial Real Estate [Member] | Performing Financing Receivable [Member]
Recorded Investment	982
Commercial Real Estate [Member] | Nonperforming Financing Receivable [Member]
Recorded Investment	$ 492
Commercial - Other Receivable [Member]
Recorded Investment		$ 900
Commercial - Other Receivable [Member] | Performing Financing Receivable [Member]
Recorded Investment		$ 900
Commercial - Other Receivable [Member] | Nonperforming Financing Receivable [Member]
Recorded Investment

Loans Receivable and Related 60

Loans Receivable and Related Allowance for Loan Losses (Details 9) $ in Thousands	12 Months Ended
	Sep. 30, 2015USD ($)N	Sep. 30, 2014USD ($)N
Number of loans | N	4	1
Pre-Modifications Outstanding Recorded Investments	$ 1,485	$ 437
Post-Modifications Outstanding Recorded Investments	$ 1,485	$ 437
Construction and Development - Residential And Commercial Receivable [Member]
Number of loans | N		1
Pre-Modifications Outstanding Recorded Investments		$ 437
Post-Modifications Outstanding Recorded Investments		$ 437
Commercial Real Estate [Member]
Number of loans | N	4
Pre-Modifications Outstanding Recorded Investments	$ 1,485
Post-Modifications Outstanding Recorded Investments	$ 1,485

Loans Receivable and Related 61

Loans Receivable and Related Allowance for Loan Losses (Details 10) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Loans and Leases Receivable, Related Parties [Roll Forward]
Balance at beginning of year	$ 252	$ 523
New loans	8,474
Repayments	(3,091)	$ (271)
Balance at end of year	$ 5,635	$ 252

Loans Receivable and Related 62

Loans Receivable and Related Allowance for Loan Losses (Details 11) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Servicing Asset at Fair Value, Amount [Roll Forward]
Balance at beginning of year	$ 453	$ 271	$ 107
Amortization	(82)	22	6
Addition	30	160	158
Balance at end of year	$ 401	$ 453	$ 271

Loans Receivable and Related 63

Loans Receivable and Related Allowance for Loan Losses (Details Narrative) $ in Thousands	12 Months Ended
	Sep. 30, 2015USD ($)N	Sep. 30, 2014USD ($)N	Sep. 30, 2013USD ($)
Non accrual loans interest income	$ 84	$ 121	$ 131
Number of loans | N	5	3
Recorded Investment	$ 1,583	$ 1,087
Number of loans subsequently defaulted | N	2	1
Recorded Investment subsequently defaulted	$ 982	$ 78
Mortgage Servicing Rights [Member]
Servicing Asset	$ 54,100	$ 59,900	44,400
Loan servicing rights, discount rate	11.00%	12.00%
Construction and Development - Residential And Commercial Receivable [Member]
Number of loans | N	1	2
Recorded Investment	$ 109	$ 187
Number of loans subsequently defaulted | N		1
Recorded Investment subsequently defaulted		$ 78
Real estate through foreclosure	$ 1,200
Commercial Real Estate [Member]
Number of loans | N	4
Recorded Investment	$ 1,474
Number of loans subsequently defaulted | N	2
Recorded Investment subsequently defaulted	$ 982
Impaired Loan [Member]
Number of loans subsequently defaulted | N		3
Recorded Investment subsequently defaulted		$ 1,100
Residential Mortgage [Member] | Fixed Rate [Member]
Sale of loan servicing rights at fair value	4,100	7,700	17,700
Gain on sale of loans, net	$ 102	$ 71	$ 366

Property and Equipment (Detail

Property and Equipment (Detail Narrative) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Jun. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Property, Plant and Equipment [Abstract]
Depreciation		$ 646	$ 638	$ 695
Loss on disposal of fixed assets	$ (41)		$ (41)	$ (1)

Property and Equipment (Details

Property and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 16,306	$ 15,947
Accumulated depreciation	(9,771)	(9,124)
Property and equipment, net	6,535	6,823
Furniture, fixtures and equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 4,317	4,223
Furniture, fixtures and equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful life (years)	3 years
Furniture, fixtures and equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful life (years)	7 years
Building and improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 11,124	11,013
Building and improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful life (years)	10 years
Building and improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful life (years)	39 years
Land [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 711	$ 711
Construction in process [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 154

Deposits (Detail Narrative)

Deposits (Detail Narrative) - USD ($) $ in Thousands	Sep. 30, 2015	Sep. 30, 2014
Deposits:
Time deposits, $100,000 or more	$ 112,100	$ 101,700
Cash, FDIC insured amount	250
Related party deposit liabilities	$ 5,500	$ 663

Deposits (Details)

Deposits (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Sep. 30, 2014
Deposits:
Tiered savings	$ 2,249	$ 2,198
Regular savings	42,940	42,719
Money market accounts	108,706	59,529
Checking and NOW accounts	82,897	81,921
Non-Interest bearing demand	27,010	23,059
Total deposits before certificate accounts	263,802	209,426
Certificates of deposit	201,720	203,527
Total Deposits	$ 465,522	$ 412,953
Percentage of tiered savings	0.48%	0.53%
Percentage of regular savings	9.23%	10.34%
Percentage of money market accounts	23.35%	14.42%
Percentage of checking and NOW accounts	17.81%	19.84%
Percentage of non-interest bearing demand	5.80%	5.58%
Percentage of total deposits before certificate	56.67%	50.71%
Percentage of certificate of deposit	43.33%	49.29%
Percentage of total deposits	100.00%	100.00%

Deposits (Details 1)

Deposits (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Deposits:
Savings accounts	$ 29	$ 27	$ 24
Checking and NOW accounts	83	85	119
Money market accounts	271	164	228
Certificates of deposit	3,048	3,693	4,908
Total deposits	$ 3,431	$ 3,969	$ 5,279

Deposits (Details 2)

Deposits (Details 2) $ in Thousands	Sep. 30, 2015USD ($)
Deposits:
2,016	$ 100,331
2,017	52,168
2,018	30,115
2,019	12,198
2,020	3,051
2021 and thereafter	3,857
Time deposits, total	$ 201,720

Borrowings (Detail Narrative)

Borrowings (Detail Narrative) - Line of Credit [Member] - Federal Home Loan Bank of Pittsburgh [Member] - USD ($) $ in Thousands	Sep. 30, 2015	Sep. 30, 2014
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Maximum borrowing capacity of line of credit facility	$ 108,500	$ 103,800
Interest rate under line of credit facility	0.34%	0.28%
Outstanding long-term FHLB advances	$ 103,000
Potential FHLB advances available	$ 127,400

Borrowings (Details)

Borrowings (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Sep. 30, 2014
Long-Term Borrowings, Amount
2,015		$ 10,000
2,016	$ 20,000	$ 5,000
2,017
2,018	$ 30,000	$ 28,000
2,019	25,000	$ 5,000
2,020	28,000
Total FHLB Advances	$ 103,000	$ 48,000
Long-Term Borrowings, Weighted Average Rate
2,015		0.83%
2,016	0.61%	1.34%
2,017
2,018	3.38%	3.31%
2,019	2.12%	1.77%
2,020	2.51%
Total FHLB Advances	2.48%	2.59%

Derivatives (Details)

Derivatives (Details) - Designated as Hedging Instrument [Member] - Other Liabilities [Member] - Interest Rate Swap [Member] $ in Thousands	12 Months Ended
	Sep. 30, 2015USD ($)
Notional Amount	$ 15,000
Fair Value	$ 348
Expiration Date	Aug. 3, 2020
Effective Date	Aug. 3, 2015

Derivatives (Details 1)

Derivatives (Details 1) - Interest Rate Swap [Member] $ in Thousands	12 Months Ended
	Sep. 30, 2015USD ($)
Amount of Gain (Loss) Recognized in OCI (Effective Portion)	$ 348
Amount of Gain (Loss) Reclassified from OCI to Interest Expense	$ 36
Amount of Gain (Loss) Recognized in Other Non-Interest Income (Ineffective Portion)

Derivatives (Details Narrative)

Derivatives (Details Narrative) - Interest Rate Swap [Member] $ in Thousands	12 Months Ended
	Sep. 30, 2015USD ($)
Interest expense	$ 36
Derivatives net liability position	195
Derivatives minimum collateral posting thresholds	$ 600

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Sep. 30, 2014
Assets
Investment securities available for sale, at fair value	$ 128,354	$ 100,943
U S Government Agencies Debt Securities [Member]
Assets
Investment securities available for sale, at fair value	815	19,256
U S States And Political Subdivisions [Member]
Assets
Investment securities available for sale, at fair value	42,083	2,500
Single Issuer Trust Preferred Security [Member]
Assets
Investment securities available for sale, at fair value	850	880
Corporate Debt Securities [Member]
Assets
Investment securities available for sale, at fair value	69,982	1,525
Available For Sale Securities Before Mortgage Backed [Member]
Assets
Investment securities available for sale, at fair value	113,730	24,161
Federal National Mortgage Association Certificates And Obligations F N M A [Member] | Fixed Rate [Member]
Assets
Investment securities available for sale, at fair value	8,692	16,808
Federal National Mortgage Association Certificates And Obligations F N M A [Member] | Adjustable Rate Loans [Member]
Assets
Investment securities available for sale, at fair value		418
Federal Home Loan Mortgage Corporation Certificates And Obligations F H L M C [Member] | Fixed Rate [Member]
Assets
Investment securities available for sale, at fair value	5,932	11,996
Federal Home Loan Mortgage Corporation Certificates And Obligations F H L M C [Member] | Adjustable Rate Loans [Member]
Assets
Investment securities available for sale, at fair value		3,595
Mortgage Backed Securities [Member]
Assets
Investment securities available for sale, at fair value	$ 14,624	76,782
Collateralized Mortgage Obligations [Member] | Fixed Rate [Member]
Assets
Investment securities available for sale, at fair value		$ 43,965
Fair Value, Inputs, Level 1 [Member]
Assets
Investment securities available for sale, at fair value
Liabilities
Derivative instruments
Fair Value, Inputs, Level 2 [Member]
Assets
Investment securities available for sale, at fair value	$ 128,354	$ 100,943
Liabilities
Derivative instruments	$ 348
Fair Value, Inputs, Level 3 [Member]
Assets
Investment securities available for sale, at fair value
Liabilities
Derivative instruments
Fair Value, Measurements, Recurring [Member]
Assets
Investment securities available for sale, at fair value	$ 128,354	$ 100,943
Liabilities
Derivative instruments	348
Fair Value, Measurements, Recurring [Member] | U S Government Agencies Debt Securities [Member]
Assets
Investment securities available for sale, at fair value	815	19,256
Fair Value, Measurements, Recurring [Member] | U S States And Political Subdivisions [Member]
Assets
Investment securities available for sale, at fair value	42,083	2,500
Fair Value, Measurements, Recurring [Member] | Single Issuer Trust Preferred Security [Member]
Assets
Investment securities available for sale, at fair value	850	880
Fair Value, Measurements, Recurring [Member] | Corporate Debt Securities [Member]
Assets
Investment securities available for sale, at fair value	69,982	1,525
Fair Value, Measurements, Recurring [Member] | Available For Sale Securities Before Mortgage Backed [Member]
Assets
Investment securities available for sale, at fair value	113,730	24,161
Fair Value, Measurements, Recurring [Member] | Federal National Mortgage Association Certificates And Obligations F N M A [Member] | Fixed Rate [Member]
Assets
Investment securities available for sale, at fair value	8,692	16,808
Fair Value, Measurements, Recurring [Member] | Federal National Mortgage Association Certificates And Obligations F N M A [Member] | Adjustable Rate Loans [Member]
Assets
Investment securities available for sale, at fair value		418
Fair Value, Measurements, Recurring [Member] | Federal Home Loan Mortgage Corporation Certificates And Obligations F H L M C [Member] | Fixed Rate [Member]
Assets
Investment securities available for sale, at fair value	5,932	11,996
Fair Value, Measurements, Recurring [Member] | Federal Home Loan Mortgage Corporation Certificates And Obligations F H L M C [Member] | Adjustable Rate Loans [Member]
Assets
Investment securities available for sale, at fair value		3,595
Fair Value, Measurements, Recurring [Member] | Mortgage Backed Securities [Member]
Assets
Investment securities available for sale, at fair value	$ 14,624	76,782
Fair Value, Measurements, Recurring [Member] | Collateralized Mortgage Obligations [Member] | Fixed Rate [Member]
Assets
Investment securities available for sale, at fair value		$ 43,965
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Assets
Investment securities available for sale, at fair value
Liabilities
Derivative instruments
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | U S Government Agencies Debt Securities [Member]
Assets
Investment securities available for sale, at fair value
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | U S States And Political Subdivisions [Member]
Assets
Investment securities available for sale, at fair value
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Single Issuer Trust Preferred Security [Member]
Assets
Investment securities available for sale, at fair value
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Corporate Debt Securities [Member]
Assets
Investment securities available for sale, at fair value
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Available For Sale Securities Before Mortgage Backed [Member]
Assets
Investment securities available for sale, at fair value
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Federal National Mortgage Association Certificates And Obligations F N M A [Member] | Fixed Rate [Member]
Assets
Investment securities available for sale, at fair value
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Federal National Mortgage Association Certificates And Obligations F N M A [Member] | Adjustable Rate Loans [Member]
Assets
Investment securities available for sale, at fair value
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Federal Home Loan Mortgage Corporation Certificates And Obligations F H L M C [Member] | Fixed Rate [Member]
Assets
Investment securities available for sale, at fair value
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Federal Home Loan Mortgage Corporation Certificates And Obligations F H L M C [Member] | Adjustable Rate Loans [Member]
Assets
Investment securities available for sale, at fair value
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Mortgage Backed Securities [Member]
Assets
Investment securities available for sale, at fair value
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Collateralized Mortgage Obligations [Member] | Fixed Rate [Member]
Assets
Investment securities available for sale, at fair value
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Assets
Investment securities available for sale, at fair value	$ 128,354	$ 100,943
Liabilities
Derivative instruments	348
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | U S Government Agencies Debt Securities [Member]
Assets
Investment securities available for sale, at fair value	815	19,256
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | U S States And Political Subdivisions [Member]
Assets
Investment securities available for sale, at fair value	42,083	2,500
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	850	880
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Corporate Debt Securities [Member]
Assets
Investment securities available for sale, at fair value	69,982	1,525
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Available For Sale Securities Before Mortgage Backed [Member]
Assets
Investment securities available for sale, at fair value	113,730	24,161
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Federal National Mortgage Association Certificates And Obligations F N M A [Member] | Fixed Rate [Member]
Assets
Investment securities available for sale, at fair value	8,692	16,808
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Federal National Mortgage Association Certificates And Obligations F N M A [Member] | Adjustable Rate Loans [Member]
Assets
Investment securities available for sale, at fair value		418
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Federal Home Loan Mortgage Corporation Certificates And Obligations F H L M C [Member] | Fixed Rate [Member]
Assets
Investment securities available for sale, at fair value	5,932	11,996
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Federal Home Loan Mortgage Corporation Certificates And Obligations F H L M C [Member] | Adjustable Rate Loans [Member]
Assets
Investment securities available for sale, at fair value		3,595
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Mortgage Backed Securities [Member]
Assets
Investment securities available for sale, at fair value	$ 14,624	76,782
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Collateralized Mortgage Obligations [Member] | Fixed Rate [Member]
Assets
Investment securities available for sale, at fair value		$ 43,965
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Assets
Investment securities available for sale, at fair value
Liabilities
Derivative instruments
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | U S Government Agencies Debt Securities [Member]
Assets
Investment securities available for sale, at fair value
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | U S States And Political Subdivisions [Member]
Assets
Investment securities available for sale, at fair value
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Single Issuer Trust Preferred Security [Member]
Assets
Investment securities available for sale, at fair value
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Corporate Debt Securities [Member]
Assets
Investment securities available for sale, at fair value
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Available For Sale Securities Before Mortgage Backed [Member]
Assets
Investment securities available for sale, at fair value
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Federal National Mortgage Association Certificates And Obligations F N M A [Member] | Fixed Rate [Member]
Assets
Investment securities available for sale, at fair value
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Federal National Mortgage Association Certificates And Obligations F N M A [Member] | Adjustable Rate Loans [Member]
Assets
Investment securities available for sale, at fair value
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Federal Home Loan Mortgage Corporation Certificates And Obligations F H L M C [Member] | Fixed Rate [Member]
Assets
Investment securities available for sale, at fair value
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Federal Home Loan Mortgage Corporation Certificates And Obligations F H L M C [Member] | Adjustable Rate Loans [Member]
Assets
Investment securities available for sale, at fair value
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Mortgage Backed Securities [Member]
Assets
Investment securities available for sale, at fair value
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Collateralized Mortgage Obligations [Member] | Fixed Rate [Member]
Assets
Investment securities available for sale, at fair value

Fair Value Measurements (Deta76

Fair Value Measurements (Details 1) - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Thousands		Sep. 30, 2015		Sep. 30, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value, nonrecurring basis		$ 78		$ 2,077
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value, nonrecurring basis
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value, nonrecurring basis		$ 30		$ 160
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value, nonrecurring basis		48	[1],[2]	1,917
Impaired Loans Net [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value, nonrecurring basis		$ 48		$ 887	[2],[3]
Impaired Loans Net [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
Impaired Loans Net [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value, nonrecurring basis
Impaired Loans Net [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value, nonrecurring basis	[2]	$ 48	[1]	$ 887	[3]
Mortgage Servicing Rights [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value, nonrecurring basis		$ 30		$ 160
Mortgage Servicing Rights [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
Mortgage Servicing Rights [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value, nonrecurring basis		$ 30		$ 160
Mortgage Servicing Rights [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
Other Real Estate Owned Fair Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value, nonrecurring basis				$ 1,030
Other Real Estate Owned Fair Value [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
Other Real Estate Owned Fair Value [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value, nonrecurring basis
Other Real Estate Owned Fair Value [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				$ 1,030
[1]	At September 30, 2015, consisted of two loans with an aggregate balance of $48,000 and there were no specific loan loss allowance.
[2]	Includes assets directly charged-down to fair value during the year-to-date period.
[3]	At September 30, 2014, consisted of six loans with an aggregate balance of $887,000 and no specific loan loss allowance.

Fair Value Measurements (Deta77

Fair Value Measurements (Details 2) - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Thousands		12 Months Ended
		Sep. 30, 2015		Sep. 30, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value		$ 78		$ 2,077
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value		48	[1],[2]	1,917
Impaired Loans Net [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value		48		887	[2],[3]
Impaired Loans Net [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	[2]	$ 48	[1]	$ 887	[3]
Valuation Technique	[2],[4]	Appraisal of collateral	[1]	Appraisal of collateral	[3]
Unobservable Input	[2],[5]	Collateral discounts	[1]	Collateral discounts	[3]
Impaired Loans Net [Member] | Fair Value, Inputs, Level 3 [Member] | Minimum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Inputs, Discount Rate	[2]	65.00%	[1]	7.00%	[3]
Impaired Loans Net [Member] | Fair Value, Inputs, Level 3 [Member] | Maximum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Inputs, Discount Rate	[2]	80.00%	[1]	52.00%	[3]
Impaired Loans Net [Member] | Fair Value, Inputs, Level 3 [Member] | Weighted Average [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Inputs, Discount Rate	[2]	74.00%	[1]	20.00%	[3]
Other Real Estate Owned Fair Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value				$ 1,030
Other Real Estate Owned Fair Value [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value				$ 1,030
Valuation Technique	[4]			Appraisal of collateral
Unobservable Input	[5]			Collateral discounts
Other Real Estate Owned Fair Value [Member] | Fair Value, Inputs, Level 3 [Member] | Minimum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Inputs, Discount Rate				16.00%
Other Real Estate Owned Fair Value [Member] | Fair Value, Inputs, Level 3 [Member] | Maximum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Inputs, Discount Rate				72.00%
Other Real Estate Owned Fair Value [Member] | Fair Value, Inputs, Level 3 [Member] | Weighted Average [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Inputs, Discount Rate				38.00%
[1]	At September 30, 2015, consisted of two loans with an aggregate balance of $48,000 and there were no specific loan loss allowance.
[2]	Includes assets directly charged-down to fair value during the year-to-date period.
[3]	At September 30, 2014, consisted of six loans with an aggregate balance of $887,000 and no specific loan loss allowance.
[4]	Fair value is generally determined through independent appraisals of the underlying collateral primarily using comparable sales.
[5]	Appraisals may be adjusted by management for qualitative factors such as time, changes in economic conditions and estimated liquidation expense.

Fair Value Measurements (Deta78

Fair Value Measurements (Details 3) - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 78	$ 2,077
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	30	160
Mortgage Servicing Rights [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	30	160
Mortgage Servicing Rights [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 30	$ 160
Valuation Technique	Discount rate	Discount rate
Mortgage Servicing Rights [Member] | Fair Value, Inputs, Level 2 [Member] | Discount Rate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Valuation Technique	Rate used through modeling period	Rate used through modeling period
Mortgage Servicing Rights [Member] | Fair Value, Inputs, Level 2 [Member] | Loan Prepayment Speeds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Valuation Technique	Weighted-average conditional prepayment rate	Weighted-average conditional prepayment rate
Fair Value Inputs, Prepayment Rate	14.73%	14.15%
Mortgage Servicing Rights [Member] | Fair Value, Inputs, Level 2 [Member] | Servicing Fees [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Valuation Technique	Of loan balance	Of loan balance
Servicing fees	0.25%	0.25%
Mortgage Servicing Rights [Member] | Fair Value, Inputs, Level 2 [Member] | Servicing Costs Monthly Servicing Cost Per Account [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Valuation Technique	Monthly servicing cost per account	Monthly servicing cost per account
Servicing costs (in dollars per share)	$ 6.25	$ 6.25
Mortgage Servicing Rights [Member] | Fair Value, Inputs, Level 2 [Member] | Servicing Costs Additional Monthly Servicing Cost Per Loan On Loans More Than30 Days Delinquent [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Valuation Technique	Additional monthly servicing cost per loan on loans more than 30 days delinquent	Additional monthly servicing cost per loan on loans more than 30 days delinquent
Mortgage Servicing Rights [Member] | Fair Value, Inputs, Level 2 [Member] | Minimum [Member] | Discount Rate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Inputs, Discount Rate	11.00%	11.00%
Mortgage Servicing Rights [Member] | Fair Value, Inputs, Level 2 [Member] | Minimum [Member] | Servicing Costs Additional Monthly Servicing Cost Per Loan On Loans More Than30 Days Delinquent [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Additional monthly servicing cost per loan	$ 300	$ 300
Mortgage Servicing Rights [Member] | Fair Value, Inputs, Level 2 [Member] | Maximum [Member] | Discount Rate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Inputs, Discount Rate	12.00%	12.00%
Mortgage Servicing Rights [Member] | Fair Value, Inputs, Level 2 [Member] | Maximum [Member] | Servicing Costs Additional Monthly Servicing Cost Per Loan On Loans More Than30 Days Delinquent [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Additional monthly servicing cost per loan	$ 500	$ 500

Fair Value Measurements (Deta79

Fair Value Measurements (Details 4) - USD ($) $ in Thousands	Sep. 30, 2015	Sep. 30, 2014
Financial assets:
Investment securities available-for-sale	$ 128,354	$ 100,943
Investment securities held-to-maturity, fair value	56,825	0
Fair Value, Inputs, Level 1 [Member]
Financial assets:
Cash and cash equivalents	$ 40,263	$ 19,187
Investment securities available-for-sale
Investment securities held-to-maturity, fair value
Loans receivable, net
Accrued interest receivable
Restricted stock
Mortgage servicing rights
Financial liabilities:
Savings accounts
Checking and NOW accounts
Money market accounts
Certificates of deposit
FHLB advances
Derivatives
Accrued interest payable
Fair Value, Inputs, Level 2 [Member]
Financial assets:
Cash and cash equivalents
Investment securities available-for-sale	$ 128,354	$ 100,943
Investment securities held-to-maturity, fair value	$ 56,825
Loans receivable, net
Accrued interest receivable	$ 2,484	$ 1,322
Restricted stock	4,765	3,503
Mortgage servicing rights	416	512
Financial liabilities:
Savings accounts	45,189	44,917
Checking and NOW accounts	109,907	104,980
Money market accounts	108,706	59,529
Certificates of deposit	203,257	207,080
FHLB advances	104,889	49,627
Derivatives	348
Accrued interest payable	$ 396	$ 149
Fair Value, Inputs, Level 3 [Member]
Financial assets:
Cash and cash equivalents
Investment securities available-for-sale
Investment securities held-to-maturity, fair value
Loans receivable, net	$ 400,305	$ 388,202
Accrued interest receivable
Restricted stock
Mortgage servicing rights
Financial liabilities:
Savings accounts
Checking and NOW accounts
Money market accounts
Certificates of deposit
FHLB advances
Derivatives
Accrued interest payable
Carrying Amount [Member]
Financial assets:
Cash and cash equivalents	$ 40,263	$ 19,187
Investment securities available-for-sale	128,354	100,943
Investment securities held-to-maturity, fair value	57,221
Loans receivable, net	391,307	386,074
Accrued interest receivable	2,484	1,322
Restricted stock	4,765	3,503
Mortgage servicing rights	401	453
Financial liabilities:
Savings accounts	45,189	44,917
Checking and NOW accounts	109,907	104,980
Money market accounts	108,706	59,529
Certificates of deposit	201,720	203,527
FHLB advances	103,000	48,000
Derivatives	348
Accrued interest payable	396	149
Fair Value [Member]
Financial assets:
Cash and cash equivalents	40,263	19,187
Investment securities available-for-sale	128,354	100,943
Investment securities held-to-maturity, fair value	56,825
Loans receivable, net	400,305	388,202
Accrued interest receivable	2,484	1,322
Restricted stock	4,765	3,503
Mortgage servicing rights	416	512
Financial liabilities:
Savings accounts	45,189	44,917
Checking and NOW accounts	109,907	104,980
Money market accounts	108,706	59,529
Certificates of deposit	203,257	207,080
FHLB advances	104,889	49,627
Derivatives	348
Accrued interest payable	$ 396	$ 149

Income Taxes (Details Narrative

Income Taxes (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Deferred tax asset before consideration of valuation allowance	$ 11,446	$ 12,607
Deferred tax assets operating loss carryovers	6,400
Deferred tax asset attributable to other items	5,100
Deferred tax assets allowance for loan losses	2,985	3,051
Deferred tax assets valuation allowance	8,043	10,074
Operating loss carryforwards	6,400
Deferred tax assets operating loss carryforwards, Federal	$ 6,375	7,159
Federal net operating loss carryforwards expiration date	Sep. 30, 2031
Low income housing credit carryforwards	$ 337	337
Low income housing credit carryforwards expiration dates	September 30, 2030 and 2031.
Charitable contributions carryforwards	$ 105
Deferred tax assets charitable contribution carryforwards	$ 36	$ 36
Charitable contributions carryforwards expiration dates	September 30, 2016 through September 30, 2018.
Statutory federal income tax rate	34.00%
Domestic Tax Authority [Member]
Operating loss carryforwards	$ 18,700

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Sep. 30, 2014
Deferred Tax Assets:
Unrealized loss on investments available for sale	$ 383	$ 932
Allowance for loan losses	2,985	3,051
Non-accrual interest	98	122
Write-down of real estate owned	106	270
Alternative minimum tax (AMT) credit carryover	128	64
Low-income housing tax credit carryover	337	337
Supplement Employer Retirement Plan	455	455
Charitable contributions	36	36
Depreciation	205	127
Federal net operating loss	6,375	7,159
Other	338	54
Total Deferred Tax Assets	11,446	12,607
Valuation allowance for DTA	(8,043)	(10,074)
Total Deferred Tax Assets, Net of Valuation Allowance	3,403	2,533
Deferred Tax Liabilities:
State net operating income	(187)	(3)
Mortgage servicing rights	(136)	$ (154)
Other	(206)
Total Deferred Tax Liabilities	(529)	$ (157)
Deferred Tax Assets, Net	$ 2,874	$ 2,376

Income Taxes (Details 1)

Income Taxes (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Federal:
Current	$ 1,035	$ 388	$ (15)
Deferred	$ (1,035)	(367)	6,025
Federal income tax expense (benefit), Total		$ 21	$ 6,010
State, current
Total		$ 21	$ 6,010

Income Taxes (Details 2)

Income Taxes (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Income Tax Disclosure [Abstract]
At federal statutory rate at 34%	$ 1,257		$ (4,350)
Adjustments resulting from:
Tax-exempt interest	(186)		(77)
Earnings on bank-owned life insurance	$ (231)		$ (400)
Federal tax on cash surrender of BOLI		$ 21
DTA valuation allowance	$ (873)		$ 10,724
Other	$ 33		113
Total		$ 21	$ 6,010
Effective tax rate	0.00%	3.30%	(47.00%)

Leases (Details)

Leases (Details) $ in Thousands	Sep. 30, 2015USD ($)
Leases [Abstract]
2,016	$ 252
2,017	214
2,018	215
2,019	214
2,020	215
Thereafter	3,905
Total payments	$ 5,015

Leases (Details 1)

Leases (Details 1) $ in Thousands	Sep. 30, 2015USD ($)
Leases [Abstract]
2,016	$ 156
2,017	106
2,018	$ 23
2,019
2,020
Total Payments Receivable	$ 285

Commitments and Contingencies86

Commitments and Contingencies (Details Narrative) - USD ($) $ in Thousands	Sep. 30, 2015	Sep. 30, 2014
Remaining minimum amount committed	$ 95,116	$ 33,075
Standby Letters Of Credit [Member]
Remaining minimum amount committed	$ 566	$ 3,302

Commitments and Contingencies87

Commitments and Contingencies (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Sep. 30, 2014
Supply Commitment [Line Items]
Commitments	$ 95,116	$ 33,075
Future loan commitments [Member]
Supply Commitment [Line Items]
Commitments	26,849	10,952
Undisbursed construction loans [Member]
Supply Commitment [Line Items]
Commitments	14,187	2,873
Undisbursed home equity lines of credit [Member]
Supply Commitment [Line Items]
Commitments	27,074	14,867
Undisbursed Commercial Lines Of Credit [Member]
Supply Commitment [Line Items]
Commitments	20,325	$ 948
Undisbursed Commercial Unsecured Lines Of Credit [Member]
Supply Commitment [Line Items]
Commitments	5,275
Overdraft Protection Lines [Member]
Supply Commitment [Line Items]
Commitments	840	$ 133
Standby Letters Of Credit [Member]
Supply Commitment [Line Items]
Commitments	$ 566	$ 3,302

Regulatory Matters (Detail Narr

Regulatory Matters (Detail Narrative)	Sep. 30, 2015	Sep. 30, 2014
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Equity tier 1 capital ratio	6.00%	4.00%
Tier 1 capital (to risk-weighted assets): To be Well Capitalized under Prompt Corrective Action Provisions Ratio	8.00%	6.00%
Total risk-based Capital (to risk-weighted assets): Actual Ratio	16.99%	20.75%
Malvern Federal Savings Bank [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Equity tier 1 capital ratio	4.50%
Total risk-based Capital (to risk-weighted assets): Actual Ratio	2.50%
Malvern Federal Savings Bank [Member] | Minimum [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Equity tier 1 capital ratio	4.00%
Total risk-based Capital (to risk-weighted assets): Actual Ratio	100.00%
Malvern Federal Savings Bank [Member] | Maximum [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Equity tier 1 capital ratio	6.00%
Total risk-based Capital (to risk-weighted assets): Actual Ratio	150.00%
Parent Company [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Tier one capital to adjusted total assets	8.50%
Equity tier 1 capital ratio	10.50%
Tier 1 capital (to risk-weighted assets): To be Well Capitalized under Prompt Corrective Action Provisions Ratio	12.50%

Regulatory Matters (Details)

Regulatory Matters (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Sep. 30, 2014
Banking and Thrift [Abstract]
Tangible Capital (to tangible assets): Actual Amount		$ 64,414
Core Capital (to adjusted tangible assets): Actual Amount	$ 69,030	64,414
Common equity Tier 1(to risk-weighted assets): Actual Amount	69,030
Tier 1 Capital (to risk-weighted assets): Actual Amount	69,030	64,414
Total risk-based Capital (to risk-weighted assets): Actual Amount	$ 73,759	$ 68,549
Tangible Capital (to tangible assets): Actual Ratio		12.09%
Core Capital (to adjusted tangible assets): Actual Ratio	10.80%	12.09%
Common equity Tier 1(to risk-weighted assets): Actual Ratio	15.90%
Tier 1 Capital (to risk-weighted assets): Actual Ratio	15.90%	19.50%
Total risk-based Capital (to risk-weighted assets): Actual Ratio	16.99%	20.75%
Tangible Capital (to tangible assets): For Capital Adequacy Purposes Amount		$ 7,990
Core Capital (to adjusted tangible assets): For Capital Adequacy Purposes Amount	$ 25,573	21,305
Common equity Tier 1(to risk-weighted assets): For Capital Adequacy Purposes Amount	19,538
Tier 1 Capital (to risk-weighted assets): For Capital Adequacy Purposes Amount	26,051	13,212
Total risk-based Capital (to risk-weighted assets): For Capital Adequacy Purposes Amount	$ 34,734	$ 26,424
Tangible Capital (to tangible assets): For Capital Adequacy Purposes Ratio		1.50%
Core Capital (to adjusted tangible assets): For Capital Adequacy Purposes Ratio	4.00%	4.00%
Common equity Tier 1(to risk-weighted assets): For Capital Adequacy Purposes Ratio	4.50%
Tier 1 Capital (to risk-weighted assets): For Capital Adequacy Purposes Ratio	6.00%	4.00%
Total risk-based Capital (to risk-weighted assets): For Capital Adequacy Purposes Ratio	8.00%	8.00%
Core Capital (to adjusted tangible assets): To be Well Capitalized under Prompt Corrective Action Provisions Amount	$ 31,966	$ 26,632
Common equity Tier 1(to risk-weighted assets): To be Well Capitalized under Prompt Corrective Action Provisions Amount	28,222
Tier 1 Capital (to risk-weighted assets): To be Well Capitalized under Prompt Corrective Action Provisions Amount	34,734	19,818
Total risk-based Capital (to risk-weighted assets): To be Well Capitalized under Prompt Corrective Action Provisions Amount	$ 43,418	$ 33,030
Core Capital (to adjusted tangible assets): To be Well Capitalized under Prompt Corrective Action Provisions Ratio	5.00%	5.00%
Common equity Tier 1(to risk-weighted assets): To be Well Capitalized under Prompt Corrective Action Provisions Ratio	6.50%
Tier 1 Capital (to risk-weighted assets): To be Well Capitalized under Prompt Corrective Action Provisions Ratio	8.00%	6.00%
Total risk-based Capital (to risk-weighted assets): To be Well Capitalized under Prompt Corrective Action Provisions Ratio	10.00%	10.00%

Regulatory Matters (Details 1)

Regulatory Matters (Details 1) - USD ($) $ in Thousands	Sep. 30, 2015	Sep. 30, 2014
Banking and Thrift [Abstract]
Bank GAAP equity	$ 67,951	$ 63,454
Disallowed portion of deferred tax asset		(670)
Net unrealized gain on securities available for sale, net of income taxes	$ 743	1,630
Net unrealized gain on derivatives, net of income taxes	336
Tangible Capital, Core Capital and Tier 1 Capital	69,030	64,414
Allowance for loan losses (excluding specific reserves of $0 and $0 for 2014 and 2013, respectively), (also excluding 1.25% of risk-weighted assets of $516 and $627 for 2014 and 2013, respectively)	4,729	4,135
Total Risk-Based Capital	$ 73,759	$ 68,549

Comprehensive Income (Loss) (De

Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Equity [Abstract]
Net unrealized holding gains (losses) on available-for-sale securities	$ (1,011)	$ (2,736)	$ (4,072)
Tax effect	344	931	1,384
Net of tax amount	(667)	$ (1,805)	$ (2,688)
Net unrealized holding losses on securities available-for-sale transferred to held-to-maturity	(115)
Tax effect	39
Net of tax amount	(76)
Fair value adjustment on derivatives	(348)
Tax effect	12
Net of tax amount	(336)
Total accumulated other comprehensive loss	$ (1,079)	$ (1,805)	$ (2,688)

Comprehensive Income (Loss) (92

Comprehensive Income (Loss) (Details 1) - USD ($) $ in Thousands		12 Months Ended
		Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Equity [Abstract]
Net unrealized holding gains (losses) on available-for-sale securities		$ 2,120	$ 1,419	$ (4,565)
Net realized gain on securities available-for-sale	[1]	(515)	$ (83)	$ (479)
Amortization of unrealized holding losses on securities available-for-sale transferred to held-to-maturity	[2]	5
Fair value adjustment on derivatives		(348)
Other comprehensive income (loss) before taxes		1,262	$ 1,336	$ (5,044)
Tax effect		(536)	(453)	1,715
Total other comprehensive income (loss)		$ 726	$ 883	$ (3,329)
[1]	Amounts are included in net gain on sales of securities on the Consolidated Statements of Operations in total other income.
[2]	Amounts are included in interest and dividends on investment securities on the Consolidated Statements of Operations.

Condensed Financial Informati93

Condensed Financial Information - Parent Company Only (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2011
Assets
Cash and Cash Equivalents	$ 40,263	$ 19,187	$ 23,687	$ 131,910	$ 33,496
Investment in subsidiaries	(67,951)	(63,454)
Investment securities available for sale, at fair value	128,354	$ 100,943
Investment securities held to maturity, (fair value at $5,666)	57,221
Investment securities held-to-maturity, fair value	56,825	$ 0
Loans receivable, net	391,307	386,074
Deferred income taxes, net	2,874	2,376
Other assets	2,814	1,808
Total Assets	655,690	542,264
Liabilities
Shareholders' Equity	81,391	76,772	75,406	62,636
Total Liabilities and Shareholders' Equity	655,690	542,264
Parent Company [Member]
Assets
Cash and Cash Equivalents	5,325	2,438	$ 2,394	$ 918
Investment in subsidiaries	$ 67,952	63,454
Investment securities available for sale, at fair value		$ 8,329
Investment securities held to maturity, (fair value at $5,666)	$ 5,762
Investment securities held-to-maturity, fair value	5,666
Loans receivable, net	$ 1,842	$ 1,969
Deferred income taxes, net		91
Other assets	$ 531	539
Total Assets	81,412	76,820
Liabilities
Accounts payable	21	48
Shareholders' Equity	81,391	76,772
Total Liabilities and Shareholders' Equity	$ 81,412	$ 76,820

Condensed Financial Informati94

Condensed Financial Information - Parent Company Only (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Income
Interest income	$ 16,484	$ 17,736	$ 20,172
Total Interest Income	20,462	20,167	22,301
Expense
Other operating expenses	2,464	2,336	2,143
Total Other Expenses	$ 13,961	16,644	19,775
Income tax expense		21	6,010
Net Income (Loss)	$ 3,698	323	(18,803)
Parent Company [Member]
Income
Interest income	196	254	184
Total Interest Income	$ 196	$ 254	$ 184
Gain on sale of investment securities
Expense
Other operating expenses	$ 251	$ 331	$ 17
Total Other Expenses	251	331	17
Gain (Loss) before Equity in Undistributed Net (Loss) Income of Subsidiaries and Income Tax Expense	(55)	(77)	167
Equity in Undistributed Net Income (Loss) of Subsidiaries	$ 3,753	$ 400	(18,839)
Income tax expense			131
Net Income (Loss)	$ 3,698	$ 323	$ (18,803)

Condensed Financial Informati95

Condensed Financial Information - Parent Company Only (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Condensed Balance Sheet Statements, Captions [Line Items]
Net Income (Loss)	$ 3,698	$ 323	$ (18,803)
Other Comprehensive Income (Loss):
Changes in net unrealized net gains and losses on securities available for sale	2,120	1,419	(4,565)
Gains realized on sale of securities in net income (loss)	515	83	479
Other comprehensive (loss) income, total	1,262	1,336	(5,044)
Deferred income tax effect	(536)	(453)	1,715
Total other comprehensive income (loss)	726	883	(3,329)
Total comprehensive income (loss)	4,424	1,206	(22,132)
Parent Company [Member]
Condensed Balance Sheet Statements, Captions [Line Items]
Net Income (Loss)	3,698	323	(18,803)
Other Comprehensive Income (Loss):
Changes in net unrealized net gains and losses on securities available for sale	$ 267	$ 46	$ (312)
Gains realized on sale of securities in net income (loss)
Other comprehensive (loss) income, total	$ 267	$ 46	$ (312)
Deferred income tax effect	(91)	(16)	106
Total other comprehensive income (loss)	176	30	(206)
Total comprehensive income (loss)	$ 3,874	$ 353	$ (19,009)

Condensed Financial Informati96

Condensed Financial Information - Parent Company Only (Details 3) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Cash Flows from Operating Activities
Net income (loss)	$ 3,698	$ 323	$ (18,803)
Deferred income taxes, net	(1,035)	(367)	6,025
Amortization of discounts on investment securities	(849)	488	735
Decrease (increase) in other assets	714	114	809
Net Cash Provided by Operating Activities	3,246	(33)	(1,850)
Cash Flows from Investing Activities
Purchases of investment securities	(160,103)	(5,258)	(93,693)
Calls, sales of investment securities	6,032	14,138	27,534
Loan originations and principal collections, net	(5,927)	19,649	58,365
Net Cash Provided by(Used in) Investing Activities	$ (89,759)	$ 56,508	(19,267)
Cash Flows from Financing Activities
Proceeds from stock issuance net of offering costs			(20,841)
Net Cash Provided by Financing Activities	$ 107,589	$ (60,975)	(87,106)
Net Increase in Cash and Cash Equivalents	21,076	(4,500)	(108,223)
Cash and Cash Equivalent - Beginning	19,187	23,687	131,910
Cash and Cash Equivalent - Ending	40,263	19,187	23,687
Parent Company [Member]
Cash Flows from Operating Activities
Net income (loss)	3,698	323	(18,803)
Undistributed net (income) loss of subsidiaries	(3,753)	(400)	18,839
Deferred income taxes, net	84	197	106
ESOP shares committed to be released	$ 195	$ 160	169
Amortization of discounts on investment securities			40
Decrease in accounts payable	$ (27)	$ (14)
Decrease (increase) in other assets	239	227	(197)
Net Cash Provided by Operating Activities	$ 437	493	154
Cash Flows from Investing Activities
Proceeds from maturities and principal collection on investments available for sale, net		$ 422	$ 1,474
Proceeds from maturities and principal collection on investments held to maturity	$ 511
Purchases of investment securities		$ (992)	$ (10,299)
Calls, sales of investment securities	$ 1,812		200
Loan originations and principal collections, net	127	$ 121	115
Net Cash Provided by(Used in) Investing Activities	$ 2,450	$ (449)	(8,510)
Cash Flows from Financing Activities
Proceeds from stock issuance net of offering costs			34,732
Capitalization			(25,000)
Capitalization of Mutual Holding Company			100
Net Cash Provided by Financing Activities			9,832
Net Increase in Cash and Cash Equivalents	$ 2,887	$ 44	1,476
Cash and Cash Equivalent - Beginning	2,438	2,394	918
Cash and Cash Equivalent - Ending	$ 5,325	$ 2,438	$ 2,394