Malvern Bancorp (MLVF) 10-Q 10 May 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Mar. 31, 2016	May. 09, 2016
Document And Entity Information
Entity Registrant Name	MALVERN BANCORP, INC.
Entity Central Index Key	1,550,603
Document Type	10-Q
Trading Symbol	MLVF
Document Period End Date	Mar. 31, 2016
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 Common Stock, Shares Outstanding		6,560,713
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2,016

CONSOLIDATED STATEMENTS OF FINA

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (unaudited) - USD ($) $ in Thousands	Mar. 31, 2016	Sep. 30, 2015
ASSETS
Cash and due from depository institutions	$ 1,304	$ 16,026
Interest bearing deposits in depository institutions	56,739	24,237
Total cash and cash equivalents	58,043	40,263
Investment securities available for sale, at fair value	100,895	128,354
Investment securities held to maturity at cost (fair value of $52,176 and $56,825)	52,272	57,221
Restricted stock, at cost	5,553	4,765
Loans receivable, net of allowance for loan losses of $4,937 and $4,667, respectively	515,094	391,307
Other real estate owned	700	1,168
Accrued interest receivable	2,622	2,484
Property and equipment, net	6,490	6,535
Deferred income taxes, net	2,202	2,874
Bank-owned life insurance	18,161	17,905
Other assets	1,954	2,814
Total assets	763,986	655,690
Deposits:
Non-interest bearing	30,720	27,010
Interest-bearing	518,070	438,512
Total deposits	548,790	465,522
FHLB Advances	123,000	103,000
Advances from borrowers for taxes and insurance	3,213	1,806
Accrued interest payable	436	396
Other liabilities	3,857	3,575
Total liabilities	$ 679,296	$ 574,299
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: 6,560,713 shares at March 31, 2016 and 6,558,473 at September 30, 2015	$ 66	$ 66
Additional paid in capital	60,412	60,365
Retained earnings	26,424	23,814
Unearned Employee Stock Ownership Plan (ESOP) shares	(1,702)	(1,775)
Accumulated other comprehensive loss	(510)	(1,079)
Total shareholders' equity	84,690	81,391
Total liabilities and shareholders' equity	$ 763,986	$ 655,690

CONSOLIDATED STATEMENTS OF FIN3

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (unaudited) (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2016	Sep. 30, 2015
Statement of Financial Position [Abstract]
Investment securities held to maturity, fair value	$ 52,176	$ 56,825
Allowance for loan losses	$ 4,937	$ 4,667
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, authorized	10,000,000	10,000,000
Preferred stock, issued	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized	40,000,000	40,000,000
Common stock, issued	6,560,713	6,558,473
Common stock, outstanding	6,560,713	6,558,473

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Interest and Dividend Income
Loans, including fees	$ 5,121	$ 4,126	$ 9,666	$ 8,328
Investment securities, taxable	795	778	1,670	1,292
Investment securities, tax-exempt	190	96	385	133
Dividends, restricted stock	63	142	117	179
Interest-bearing cash accounts	41	24	59	47
Total Interest and Dividend Income	6,210	5,166	11,897	9,979
Interest Expense
Deposits	1,161	859	2,125	1,718
Borrowings	549	471	1,061	864
Total Interest Expense	1,710	1,330	3,186	2,582
Net interest income	4,500	$ 3,836	8,711	7,397
Provision for Loan Losses	375		375	90
Net Interest Income after Provision for Loan Losses	4,125	$ 3,836	8,336	7,307
Other Income
Service charges and other fees	227	264	438	534
Rental income-other	50	64	100	128
Net gains on sales of investments, net	61	266	192	292
Net gains on sale of loans, net	36	20	70	39
Earnings on bank-owned life insurance	127	131	259	263
Total Other Income	501	745	1,059	1,256
Other Expense
Salaries and employee benefits	1,522	1,550	3,021	3,278
Occupancy expense	456	465	879	889
Federal deposit insurance premium	232	184	432	351
Advertising	25	60	55	145
Data processing	270	301	567	603
Professional fees	361	434	761	777
Other real estate owned expense (income), net	8	(59)	7	(95)
Other operating expenses	486	638	1,063	1,286
Total Other Expense	3,360	3,573	6,785	7,234
Income before income tax expense	$ 1,266	$ 1,008	$ 2,610	$ 1,329
Income tax expense
Net Income	$ 1,266	$ 1,008	$ 2,610	$ 1,329
Earnings Per Common Share:
Basic (in dollars per share)	$ 0.2	$ 0.16	$ 0.41	$ 0.21
Diluted (in dollars per share)	$ 0.2		$ 0.41
Weighted Average Common Shares Outstanding:
Basic (in shares)	6,408,167	6,391,521	6,405,234	6,389,687
Diluted (in shares)	6,408,167		6,405,234
Dividends Declared Per Share (in dollars per share)	$ 0	$ 0	$ 0	$ 0

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Income Statement [Abstract]
Net Income	$ 1,266	$ 1,008	$ 2,610	$ 1,329
Other Comprehensive Income, Net of Tax:
Unrealized holding gains on available-for-sale securities	1,620	1,947	1,139	3,109
Tax effect	(551)	(662)	(388)	(1,057)
Net of tax amount	1,069	1,285	751	2,052
Reclassification adjustment for net gains arising during the period	(61)	(266)	(192)	(292)
Tax effect	21	90	65	99
Net of tax amount	(40)	(176)	(127)	(193)
Accretion of unrealized holding losses on securities transferred from available-for-sale to held-to- maturity	2	(33)	4	(33)
Tax effect	(1)	11	(1)	11
Net of tax amount	1	$ (22)	3	$ (22)
Fair value adjustments on derivatives	(494)		(249)
Tax effect	168		191
Net of tax amount	(326)		(58)
Total other comprehensive income	704	$ 1,087	569	$ 1,837
Total comprehensive income	$ 1,970	$ 2,095	$ 3,179	$ 3,166

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-In Capital [Member]	Retained Earnings [Member]	Unearned ESOP Shares [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Total
Balance, at Beginning at Sep. 30, 2014	$ 66	$ 60,317	$ 20,116	$ (1,922)	$ (1,805)	$ 76,772
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income			$ 1,329			1,329
Other comprehensive income					$ 1,837	1,837
Committed to be released ESOP shares (7,200 shares)		$ 14		$ 74		88
Balance, at End at Mar. 31, 2015	$ 66	60,331	$ 21,445	(1,848)	$ 32	80,026
Balance, at Beginning at Sep. 30, 2015	$ 66	$ 60,365	23,814	$ (1,775)	$ (1,079)	81,391
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income			$ 2,610			2,610
Other comprehensive income					$ 569	569
Committed to be released ESOP shares (7,200 shares)		$ 47		$ 73		120
Balance, at End at Mar. 31, 2016	$ 66	$ 60,412	$ 26,424	$ (1,702)	$ (510)	$ 84,690

CONSOLIDATED STATEMENTS OF CHA7

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Parenthetical) - shares	3 Months Ended	6 Months Ended
	Mar. 31, 2016	Mar. 31, 2016	Mar. 31, 2015
Statement of Stockholders' Equity [Abstract]
Committed to be released ESOP shares	3,600	7,200	7,200

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash Flows from Operating Activities
Net income	$ 2,610	$ 1,329
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation expense	316	321
Provision for loan losses	375	90
Deferred income taxes expense (benefit)	540	(1,510)
ESOP expense	120	88
Amortization of premiums and discounts on investment securities, net	607	208
Amortization of loan origination fees and costs	823	202
Amortization of mortgage service rights	32	40
Net gain on sale of investment securities available-for-sale	(192)	(292)
Net gain (loss) on sale of secondary market loans	(70)	(39)
Proceeds on sale of secondary market loans	3,614	1,555
Originations of secondary market loans	(3,544)	(1,516)
Gain on sale of other real estate owned	(45)	(114)
Write down of other real estate owned	20	19
Earnings on bank-owned life insurance	(259)	(263)
Increase in accrued interest receivable	(138)	(846)
Increase in accrued interest payable	40	158
Increase in other liabilities	281	1,656
(Increase) decrease in other assets	(467)	170
Net Cash Provided by Operating Activities	4,663	1,256
Investment securities available-for-sale:
Purchases	(2,115)	(113,238)
Sales	29,541	51,225
Maturities, calls and principal repayments	$ 637	4,838
Investment securities held-to-maturity:
Purchases		(4,152)
Maturities, calls and principal repayments	$ 4,881	883
(Loan originations) and principal collections, net	(124,985)	8,442
Proceeds from sale of other real estate owned	$ 493	629
Additions to mortgage servicing rights		$ (12)
Proceeds from death benefit of bank-owned life insurance	$ 1,049
Net increase in restricted stock	(788)	$ (1,099)
Purchases of property and equipment	(271)	(90)
Net Cash Used in Investing Activities	(91,558)	(52,574)
Cash Flows from Financing Activities
Net increase in deposits	83,268	31,193
Proceeds from long-term borrowings	50,000	$ 50,000
Repayment of long-term borrowings	(30,000)
Increase in advances from borrowers for taxes and insurance	1,407	$ 2,581
Net Cash Provided by Financing Activities	104,675	83,774
Net Increase in Cash and Cash Equivalents	17,780	32,456
Cash and Cash Equivalent - Beginning	40,263	19,187
Cash and Cash Equivalent - Ending	58,043	51,643
Supplementary Cash Flows Information
Interest paid	$ 3,146	2,423
Transfer from investment securities available-for-sale to investment securities held-to-maturity		$ 47,429

Basis of Presentation

Basis of Presentation	6 Months Ended
	Mar. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Note 1 – Basis of Presentation The consolidated financial statements of Malvern Bancorp, Inc. (the “Company” or “Malvern Bancorp”) include the accounts of the Company and its wholly-owned subsidiary, Malvern Federal Savings Bank ("Malvern Federal Savings" or the "Bank") and the Bank’s subsidiary, Strategic Asset Management Group, Inc. All significant intercompany accounts and transactions have been eliminated from the accompanying consolidated financial statements. The Bank is a federally chartered stock savings bank which was originally organized in 1887. The Bank operates from its headquarters in Paoli, Pennsylvania and through its seven full service financial center offices in Chester and Delaware Counties, Pennsylvania. We continue to execute on our business plans and are positioning the Company to take advantage of the growth activity we are achieving in our markets, which includes our two new private banking / loan production offices in Villanova, Pennsylvania and Morristown, New Jersey. In preparing the consolidated financial statements, management has made estimates and assumptions that affect the reported amounts of assets and liabilities as of the dates of the consolidated statements of condition and that affect the results of operations for the periods presented. Actual results could differ significantly from those estimates. Material estimates that are particularly susceptible to change in the near term relate to the determination of the allowance for loan losses, other real estate owned, the evaluation of deferred tax assets and the other-than-temporary impairment evaluation of securities. The consolidated financial statements have been prepared in conformity with U.S. generally accepted accounting principles (“U.S. GAAP”).

Recent Accounting Pronouncement

Recent Accounting Pronouncements	6 Months Ended
	Mar. 31, 2016
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	Note 2 – Recent Accounting Pronouncements In March 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-09, “Compensation - Stock Compensation (Topic 718): Improvements to Employee share-Based Payment Accounting.” The new guidance simplifies certain aspects related to income taxes, statement of cash flows, and forfeitures when accounting for share-based payment transactions. This new guidance will be effective for the Company for the first reporting period beginning after December 15, 2016, with earlier adoption permitted. Certain of the amendments related to timing of the recognition of tax benefits and tax withholding requirements should be applied using a modified retrospective transition method. Amendments related to the presentation of the statement of cash flows should be applied retrospectively. All other provisions may be applied on a prospective or modified retrospective basis. The Company is currently evaluating the effect that the standard will have on its consolidated financial statements and related disclosures. In March 2016, the FASB issued ASU No. 2016-05, “Derivatives and Hedging (Topic 815): Effect of Derivative Contract Novations on Existing Hedge Accounting Relationships.” The new guidance clarifies that a change in the counterparties to a derivative contract, i.e., a novation, in and of itself, does not require the de-designation of a hedging relationship. An entity will, however, still need to evaluate whether it is probable that the counterparty will perform under the contract as part of its ongoing effectiveness assessment for hedge accounting. This new guidance will be effective for the Company for the first reporting period beginning after December 15, 2016, with earlier adoption permitted. Adoption of the new guidance can be applied on a modified retrospective or prospective basis. The Company is currently evaluating the effect that the standard will have on its consolidated financial statements and related disclosures. In February 2016, the FASB issued ASU No. 2016-02, “Leases (Topic 842).” The guidance in this update supersedes the current lease accounting guidance for both the lessees and lessors under ASC 840, Leases. The new guidance requires lessees to evaluate whether a lease is a finance lease using criteria that are similar to what lessees use today to determine whether they have a capital lease. Leases not classified as finance leases are classified as operating leases. This classification will determine whether the lease expense is recognized based on an effective interest method or on a straight-line basis over the term of the lease. The lessee is also required to record a right-of-use asset and a lease liability for all leases with a term of greater than 12 months regardless of their classification. Leases with a term of 12 months or less will be accounted for similar to today’s guidance for operating leases. The new guidance will require lessors to account for leases using an approach that is substantially similar to the existing guidance for sales-type, direct financing leases and operating leases. This new guidance will be effective for the Company for the first reporting period beginning after December 15, 2018, with earlier adoption permitted. Adoption of the amendment must be applied on a modified retrospective approach. The Company is currently evaluating the effect that the standard will have on its consolidated financial statements and related disclosures. In January 2016, the FASB issued ASU No. 2016-01, “Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities.” The new guidance is intended to improve the recognition and measurement of financial instruments. The ASU affects public and private companies, not-for-profit organizations, and employee benefit plans that hold financial assets or owe financial liabilities. ASU No. 2016-01 is effective for interim and annual reporting periods beginning after December 15, 2017. The Company is currently evaluating the effect that the standard will have on its consolidated financial statements and related disclosures. In November 2015, the FASB issued ASU No. 2015-17, “Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes.” The FASB is issuing the amendments in this Update as part of its initiative to reduce complexity in accounting standards (the Simplification Initiative). The objective of the Simplification Initiative is to identify, evaluate, and improve areas of generally accepted accounting principles (“GAAP”) for which cost and complexity can be reduced while maintaining or improving the usefulness of the information provided to users of financial statements. To simplify the presentation of deferred income taxes, the amendments in this Update require that deferred tax liabilities and assets be classified as noncurrent in a classified statement of financial position. The amendments in this Update apply to all entities that present a classified statement of financial position. The current requirement that deferred tax liabilities and assets of a tax-paying component of an entity be offset and presented as a single amount is not affected by the amendments in this Update. ASU No. 2015-17 is effective for interim and annual reporting periods beginning after December 15, 2016. Early adoption is permitted, including adoption in an interim period. All other amendments will be effective upon the issuance of this Update. The Company has evaluated the standard and determined that it has no effect on the Company’s consolidated financial statements and related disclosures.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Earnings Per Share	Note 3 – Earnings Per Share Basic earnings per common share is computed based on the weighted average number of shares outstanding reduced by unearned ESOP shares. Diluted earnings per share is computed based on the weighted average number of shares outstanding and common stock equivalents (“CSEs”) that would arise from the exercise of dilutive securities reduced by unearned ESOP shares. For the three and six months ended March 31, 2016, the Company had issued 5,000 shares of stock options. For the three and six months ended March 31, 2015, the Company had not issued and did not have any outstanding CSEs. The following table sets forth the composition of the weighted average shares (denominator) used in the earnings per share computations. Three Months Ended March 31, Six Months Ended March 31, (in thousands, except for share data) 2016 2015 2016 2015 Net Income $ 1,266 $ 1,008 $ 2,610 $ 1,329 Weighted average shares outstanding 6,560,713 6,558,473 6,559,587 6,558,473 Average unearned ESOP shares (152,546 ) (166,952 ) (154,353 ) (168,786 ) Basic weighted average shares outstanding 6,408,167 6,391,521 6,405,234 6,389,687 Plus: effect of dilutive options — — — — Diluted weighted average common shares outstanding 6,408,167 — 6,405,234 — Earnings per share: Basic $ 0.20 $ 0.16 $ 0.41 $ 0.21 Diluted $ 0.20 n/a $ 0.41 n/a

Employee Stock Ownership Plan

Employee Stock Ownership Plan	6 Months Ended
	Mar. 31, 2016
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. The current ESOP trustee is Bell Rock Capital, LLC. 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 the three and six months ended March 31, 2016 and 2015, there were 3,600 and 7,200 shares, respectively, committed to be released. At March 31, 2016, there were 150,765 unallocated shares and 108,453 allocated shares held by the ESOP which had an aggregate fair value of approximately $2.4 million.

Investment Securities

Investment Securities	6 Months Ended
	Mar. 31, 2016
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 March 31, 2016 and at September 30, 2015. 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. 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. 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. The following tables present information related to the Company’s investment securities at March 31, 2016 and September 30, 2015. March 31, 2016 Amortized Gross Gross Fair (in thousands) Investment Securities Available-for-Sale: U.S. government agencies $ 787 $ 8 $ — $ 795 State and municipal obligations 36,208 529 — 36,737 Single issuer trust preferred security 1,000 — (214 ) 786 Corporate debt securities 49,182 65 (533 ) 48,714 87,177 602 (747 ) 87,032 Mortgage-backed securities: Federal National Mortgage Association (FNMA), fixed-rate 8,232 3 (35 ) 8,200 Federal Home Loan Mortgage Company (FHLMC), fixed-rate 5,661 5 (3 ) 5,663 13,893 8 (38 ) 13,863 Total $ 101,070 $ 610 $ (785 ) $ 100,895 Investment Securities Held-to-Maturity: U.S. government agencies $ 11,802 $ 24 $ (1 ) $ 11,825 State and municipal obligations 9,951 99 (20 ) 10,030 Corporate debt securities 3,964 — (68 ) 3,896 Mortgage-backed securities: Collateralized mortgage obligations, fixed-rate 26,555 56 (186 ) 26,425 Total $ 52,272 $ 179 $ (275 ) $ 52,176 Total investment securities $ 153,342 $ 789 $ (1,060 ) $ 153,071 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 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 which is being 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 the six months ended March 31, 2016, proceeds of available-for-sale investment securities sold amounted to approximately $29.5 million. Gross realized gains on investment securities sold amounted to approximately $198,000, while gross realized losses amounted to approximately $6,000 for the period. For the six months ended March 31, 2015, proceeds of investment securities sold amounted to approximately $51.2 million. Gross realized gains on investment securities sold amounted to approximately $386,000, while gross realized losses amounted to approximately $94,000, for the six months ended March 31, 2015. 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 March 31, 2016 and September 30, 2015: March 31, 2016 Less than 12 Months More than 12 Months Total Fair Unrealized Fair Unrealized Fair Unrealized (in thousands) Investment Securities Available-for-Sale: Single issuer trust preferred security $ — $ — $ 786 $ (214 ) $ 786 $ (214 ) Corporate debt securities 6,987 (92 ) 27,420 (441 ) 34,407 (533 ) Mortgage-backed securities: FNMA, fixed-rate — — 4,065 (35 ) 4,065 (35 ) FHLMC, fixed-rate 1,087 (1 ) 986 (2 ) 2,073 (3 ) Total $ 8,074 $ (93 ) $ 33,257 $ (692 ) $ 41,331 $ (785 ) Investment Securities Held-to-Maturity: U.S. government agencies 999 (1 ) — — 999 (1 ) State and municipal obligations 2,990 (20 ) — — 2,990 (20 ) Corporate debt securities — — 3,896 (68 ) 3,896 (68 ) Mortgage-backed securities: CMO, fixed-rate 4,575 (20 ) 14,442 (166 ) 19,017 (186 ) Total 8,564 (41 ) 18,338 (234 ) 26,902 (275 ) Total investment securities $ 16,638 $ (134 ) $ 51,595 $ (926 ) $ 68,233 $ (1,060 ) 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 ) As of March 31, 2016, 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 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 March 31, 2016, the Company held one U.S. government agency security, two municipal bonds, 20 corporate securities, 30 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 March 31, 2016 represents other-than-temporary impairment. At March 31, 2016 and September 30, 2015 the Company had no securities pledged to secure public deposits. The following table presents information for investment securities at March 31, 2016, based on scheduled maturities. Actual maturities can be expected to differ from scheduled maturities due to prepayment or early call options of the issuer. March 31, 2016 Amortized Cost Fair Value (in thousands) Investment Securities Available-for-Sale: Due in one year or less $ — $ — Due after one year through five years 14,077 14,132 Due after five years through ten years 56,260 56,053 Due after ten years 30,733 30,710 Total $ 101,070 $ 100,895 Investment Securities Held-to-Maturity: Due after one year through five years $ 11,802 $ 11,825 Due after five years through ten years 5,907 5,918 Due after ten years 34,563 34,433 Total $ 52,272 $ 52,176 Total investment securities $ 153,342 $ 153,071

Loans Receivable and Related Al

Loans Receivable and Related Allowance for Loan Losses	6 Months Ended
	Mar. 31, 2016
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 below: March 31, September 30, 2016 2015 (in thousands) Residential mortgage $ 214,207 $ 214,958 Construction and Development: Residential and commercial 10,796 5,677 Land 7,755 2,142 Total Construction and Development 18,551 7,819 Commercial: Commercial real estate 173,160 87,686 Multi-family 20,548 7,444 Other 34,585 13,380 Total Commercial 228,293 108,510 Consumer: Home equity lines of credit 21,712 22,919 Second mortgages 33,987 37,633 Other 2,041 2,359 Total Consumer 57,740 62,911 Total loans 518,791 394,198 Deferred loan fees and cost, net 1,240 1,776 Allowance for loan losses (4,937 ) (4,667 ) Total loans receivable, net $ 515,094 $ 391,307 The following tables summarize the primary classes of the allowance for loan losses (“ALLL”), segregated into the amount required for loans individually evaluated for impairment and the amount required for loans collectively evaluated for impairment as of March 31, 2016 and September 30, 2015. Activity in the allowance is presented for the three and six months ended March 31, 2016 and 2015 and the year ended September 30, 2015, respectively. Three Months Ended March 31, 2016 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 $ 1,297 $ 46 $ 106 $ 1,841 $ 93 $ 167 $ 128 $ 660 $ 18 $ 220 $ 4,576 Charge-offs - - - (1 ) - - - (58 ) (43 ) - (102 ) Recoveries 40 16 - 1 - 1 - 23 7 - 88 Provision 62 12 - (312 ) 58 25 5 (45 ) 47 523 375 Ending Balance $ 1,399 $ 74 $ 106 $ 1,529 $ 151 $ 193 $ 133 $ 580 $ 29 $ 743 $ 4,937 Three Months Ended March 31, 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 $ 1,648 $ 363 $ - $ 1,082 $ 152 $ 49 $ 154 $ 916 $ 29 $ 207 $ 4,600 Charge-offs - - - - - - - - (16 ) - (16 ) Recoveries - - - 3 - - 1 22 2 - 28 Provision (61 ) (55 ) 5 (27 ) 5 10 (12 ) (87 ) 17 205 - Ending Balance $ 1,587 $ 308 $ 5 $ 1,058 $ 157 $ 59 $ 143 $ 851 $ 32 $ 412 $ 4,612 Six Months Ended March 31, 2016 Construction and Commercial Consumer Residential Mortgage Residential and Commercial Land Commercial Estate Multi- Other Home Equity Lines of Credit Second Mortgages Other Unallocated Total (in thousands) Allowance for loan losses: Beginning balance $ 1,486 $ 30 $ 35 $ 1,235 $ 104 $ 108 $ 139 $ 761 $ 24 $ 745 $ 4,667 Charge-offs (9 ) - - (99 ) - - - (255 ) (43 ) - (406 ) Recoveries 40 204 - 3 - 2 - 44 8 - 301 Provisions (118 ) (160 ) 71 390 47 83 (6 ) 30 40 (2 ) 375 Ending Balance $ 1,399 $ 74 $ 106 $ 1,529 $ 151 $ 193 $ 133 $ 580 $ 29 $ 743 $ 4,937 Ending balance: individually evaluated for impairment $ - $ - $ - $ - $ - $ - $ - $ 24 $ - $ - $ 24 Ending balance: collectively evaluated for impairment $ 1,399 $ 74 $ 106 $ 1,529 $ 151 $ 193 $ 133 $ 556 $ 29 $ 743 $ 4,913 Loans receivable: Ending balance $ 214,207 $ 10,796 $ 7,755 $ 173,160 $ 20,548 $ 34,585 $ 21,712 $ 33,987 $ 2,041 $ 518,791 Ending balance: individually evaluated for impairment $ 624 $ 121 $ - $ 1,468 $ - $ - $ 20 $ 197 $ - $ 2,430 Ending balance: collectively evaluated for impairment $ 213,583 $ 10,675 $ 7,755 $ 171,692 $ 20,548 $ 34,585 $ 21,692 $ 33,790 $ 2,041 $ 516,361 Six Months Ended March 31, 2015 Construction and Commercial Consumer Residential Residential Land Commercial 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 ) - - - (31 ) (33 ) - (113 ) Recoveries 1 - - 5 - 1 1 34 4 - 46 Provisions (86 ) 18 (8 ) (147 ) 128 8 (26 ) (185 ) 38 350 90 Ending Balance $ 1,587 $ 308 $ 5 $ 1,058 $ 157 $ 59 $ 143 $ 851 $ 32 $ 412 $ 4,612 Ending balance: individually evaluated for impairment $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Ending balance: collectively evaluated for impairment $ 1,587 $ 308 $ 5 $ 1,058 $ 157 $ 59 $ 143 $ 851 $ 32 $ 412 $ 4,612 Loans receivable: Ending balance $ 225,232 $ 5,922 $ 344 $ 68,858 $ 5,508 $ 5,506 $ 23,073 $ 43,013 $ 2,610 $ 380,066 Ending balance: individually evaluated for impairment $ 861 $ 142 $ - $ 604 $ - $ - $ 20 $ 308 $ - $ 1,935 Ending balance: collectively evaluated for impairment $ 224,371 $ 5,780 $ 344 $ 68,254 $ 5,508 $ 5,506 $ 23,053 $ 42,705 $ 2,610 $ 378,131 Year Ended September 30, 2015 Construction and Commercial Consumer Residential Residential Land Commercial Estate Multi- Other Home Equity Lines of Credit Second 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 Provisions (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 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 March 31, 2016 and September 30, 2015. Impaired Loans With Impaired Total Impaired Loans Recorded Related Recorded Recorded Unpaid (in thousands) March 31, 2016: Residential mortgage $ — $ — $ 624 $ 624 $ 672 Construction and Development: Residential and commercial — — 121 121 253 Commercial: Commercial real estate — — 1,468 1,468 1,468 Consumer: Home equity lines of credit — — 20 20 36 Second mortgages 32 24 165 197 367 Total impaired loans $ 32 $ 24 $ 2,398 $ 2,430 $ 2,796 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 The following table presents the average recorded investment in impaired loans in portfolio and related interest income recognized for three and six months ended March 31, 2016 and 2015. Three Months Ended March 31, 2016 Six Months Ended March 31, 2016 (in thousands) Average Impaired Loans Interest Income Recognized on Impaired Loans Average Impaired Loans Interest Income Recognized on Impaired Loans Residential mortgage $ 626 $ — $ 606 $ — Construction and Development: Residential and commercial 121 1 121 2 Commercial: Commercial real estate 1,475 16 1,506 30 Consumer: Home equity lines of credit 20 — 20 — Second mortgages 200 — 194 — Total $ 2,442 $ 17 $ 2,447 $ 32 Three Months Ended March 31, 2015 Six Months Ended March 31, 2015 (in thousands) Average Impaired Loans Interest Income Recognized on Impaired Loans Average Impaired Loans Interest Income Recognized on Impaired Loans Residential mortgage $ 871 $ — $ 894 $ — Construction and Development: Residential and commercial 142 1 161 2 Commercial: Commercial real estate 887 — 703 — Other 458 — 681 12 Consumer: Home equity lines of credit 20 — 28 — Second mortgages 700 — 715 — Total $ 3,078 $ 1 $ 3,182 $ 14 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 March 31, 2016 and September 30, 2015. March 31, 2016 Pass Special Substandard Doubtful Total (in thousands) Residential mortgage $ 213,226 $ 126 $ 855 $ — $ 214,207 Construction and Development: Residential and commercial 10,675 — 121 — 10,796 Land 7,755 — — — 7,755 Commercial: Commercial real estate 164,092 4,867 4,201 — 173,160 Multi-family 20,280 268 — — 20,548 Other 33,608 266 711 — 34,585 Consumer: Home equity lines of credit 21,593 — 119 — 21,712 Second mortgages 33,196 122 669 — 33,987 Other 2,028 13 — — 2,041 Total $ 506,453 $ 5,662 $ 6,676 $ — $ 518,791 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 The following table presents loans that are no longer accruing interest by portfolio class. March 31, September 30, 2016 2015 (in thousands) Residential mortgage $ 624 $ 599 Construction and Development: Residential and commercial 12 12 Commercial: Commercial real estate — 589 Consumer: Home equity lines of credit 20 20 Second mortgages 197 179 Total non-accrual loans $ 853 $ 1,399 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 $15,000 and $39,000 for the three months ended March 31, 2016 and 2015, respectively, and was $21,000 and $63,000 for the six months ended March 31, 2016 and 2015, respectively. There were no loans past due 90 days or more and still accruing interest at March 31, 2016 or September 30, 2015. 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 March 31, 2016 and September 30, 2015. Current 30 – 59 60 – 89 90 Days or Total Total Loans (in thousands) March 31, 2016: Residential mortgage $ 207,093 $ 4,202 $ 2,288 $ 624 $ 7,114 $ 214,207 Construction and Development: Residential and commercial 10,390 394 — 12 406 10,796 Land 7,755 — — — — 7,755 Commercial: Commercial real estate 171,558 1,408 194 — 1,602 173,160 Multi-family 20,548 — — — — 20,548 Other 33,803 782 — — 782 34,585 Consumer: Home equity lines of credit 21,479 20 193 20 233 21,712 Second mortgages 33,255 401 134 197 732 33,987 Other 2,029 12 — — 12 2,041 Total $ 507,910 $ 7,219 $ 2,809 $ 853 $ 10,881 $ 518,791 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 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 four and five loans classified as TDRs with an aggregate outstanding balance of $1.6 million at March 31, 2016 and September 30, 2015, respectively. At March 31, 2016, these loans were also classified as impaired. All of the TDR loans continue to perform under the restructured terms through March 31, 2016 and we continued to accrue interest on such loan through such date. Two commercial loans to one borrower, with an aggregate balance of $486,000 were returned to accruing status at December 31, 2015 and consolidated into one loan during the second quarter of fiscal 2016. At September 30, 2015, these two commercial loans to one borrower with a balance of $492,000 were non-accruing. 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, the Company had $986,000 and $1.2 million of residential real estate properties in the process of foreclosure at March 31, 2016 and September 30, 2015, respectively. The following table presents our TDR loans as of March 31, 2016 and September 30, 2015. Total Troubled Debt Troubled Debt Restructured Number of Recorded Number of Recorded (dollars in thousands) At March 31, 2016: Construction and Development: Residential and commercial 1 $ 109 — $ — Commercial: Commercial real estate 3 1,468 — — Total 4 $ 1,577 — $ — 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 The following table reports the performing status all of TDR loans. The performing status is determined by the loans compliance with the modified terms. March 31, 2016 September 30, 2015 Performing Non-Performing Performing Non-Performing (in thousands) Construction and Development: Residential and commercial $ 109 $ — $ 109 $ — Commercial: Commercial real estate 1,468 — 982 492 Total $ 1,577 $ — $ 1,091 $ 492 There was no new TDR activity for the three and six months ended March 31, 2016 and 2015.

Regulatory Matters

Regulatory Matters	6 Months Ended
	Mar. 31, 2016
Banking and Thrift [Abstract]
Regulatory Matters	Note 7 - 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 of 4.5% became effective on January 1, 2015. The new capital rules also increased the minimum Tier 1 capital ratio from 4.0% to 6.0% beginning on January 1, 2015. The rules also establish a capital conservation buffer of 2.5% above the new regulatory minimum capital requirements, which must consist entirely of common equity Tier 1 capital and would result in the following minimum ratios: (1) a common equity Tier 1 capital ratio of 7.0%, (2) a Tier 1 capital ratio of 8.5%, and (3) a total capital ratio of 10.5%. The new capital conservation buffer requirement was phased in beginning in January 2016 at 0.625% of risk-weighted assets and will increase by that amount each year until fully implemented in January 2019. An institution is also subject to limitations on paying dividends, engaging in share repurchases, and paying discretionary bonuses if its capital level falls below the buffer amount. These limitations establish a maximum percentage of eligible retained income that could be utilized for such actions. Quantitative measures established by regulation to ensure capital adequacy require the Bank to maintain minimum amounts and ratios (set forth in the table below) of tangible and core capital (as defined in the regulations) to total adjusted tangible assets (as defined) and of risk-based capital (as defined) to risk-weighted assets (as defined). The Office of the Comptroller of the Currency recently advised the Bank that, as of January 21, 2016, it no longer is required to satisfy the individual minimum capital ratios (“IMCRs”) previously imposed. As of March 31, 2016, the Company’s and the Bank’s current capital levels exceed the required capital amounts to be considered “well capitalized” and we believe they also meet the fully-phased in minimum capital requirements, including the related capital conservation buffers, as required by the Basel III capital rules. The following table summarizes the Company’s compliance with applicable regulatory capital requirements as of March 31, 2016: Actual For Capital To Be Well (Dollars in thousands) Capital Ratio Capital Ratio Capital Ratio As of March 31, 2016: Tier 1 Leverage (Core) Capital (to average assets) $ 85,199 11.92 % $ 28,959 4.00 % $ 35,744 5.00 % Common Equity Tier 1 Capital (to risk weighted assets) 85,199 15.68 % 24,447 4.50 % 35,312 6.50 % Tier 1 Capital (to risk weighted assets) 85,199 15.68 % 32,595 6.00 % 43,461 8.00 % Total Risk Based Capital (to risk weighted assets) 90,198 16.60 % 43,461 8.00 % 54,326 10.00 % The following table summarizes the Bank’s compliance with applicable regulatory capital requirements as of March 31, 2016 and September 30, 2015: To Be Well For Capital Under Prompt Actual Adequacy Purposes Action Provisions (Dollars in thousands) Capital Ratio Capital Ratio Capital Ratio As of March 31, 2016: Tier 1 Leverage (to average assets) $ 77,238 10.34 % $ 29,892 4.00 % $ 37,365 5.00 % Common Equity Tier 1 Capital (to risk weighted assets) 77,238 14.23 % 24,422 4.50 % 35,276 6.50 % Tier 1 Capital (to risk weighted assets) 77,238 14.23 % 32,562 6.00 % 43,416 8.00 % Total Capital (to risk weighted assets) 82,237 15.15 % 43,416 8.00 % 54,271 10.00 % As of September 30, 2015: Tier 1 Leverage (to average assets) $ 69,030 10.80 % $ 25,573 4.00 % $ 31,966 5.00 % Common Equity Tier 1 Capital (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 Capital (to risk weighted assets) 73,759 16.99 % 34,734 8.00 % 43,418 10.00 %

Derivatives and Hedging Activit

Derivatives and Hedging Activities	6 Months Ended
	Mar. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives and Hedging Activities	Note 8 – Derivatives and Hedging Activities The Company is exposed to certain risks arising from both its business operations and economic conditions. The Company principally manages its exposures to a wide variety of business and operational risks through management of its core business activities. The Company manages economic risks, including interest rate, liquidity, and credit risk primarily by managing the amount, sources, and duration of its debt funding and the use of derivative financial instruments. Specifically, the Company enters into derivative financial instruments to manage exposures that arise from business activities that result in the payment of future uncertain cash amounts, the value of which are determined by interest rates. The Company’s objectives in using interest rate derivatives are to add stability to interest expense and to manage its exposure to interest rate movements. To accomplish this objective, the Company primarily uses interest rate swaps as part of its interest rate risk management strategy. Interest rate swaps designated as cash flow hedges involve the receipt of variable amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. The effective portion of changes in the fair value of derivatives designated and that qualify as cash flow hedges is recorded in Accumulated Other Comprehensive Income and is subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. At March 31, 2016, 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 the three and six months ended March 31, 2016. Amounts reported in accumulated other comprehensive income related to derivatives will be reclassified to interest expense as interest payments are made on the Company’s variable-rate debt. During the next twelve months, the Company estimates approximately $273,000 to be reclassified to earnings in interest expense. The Company is hedging its exposure to the variability in future cash flows for forecasted transactions over a maximum period of twenty months (excluding forecasted transactions related to the payment of variable interest on existing financial instruments). The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the Balance Sheet as of March 31, 2016 and September 30, 2015: March 31, 2016 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 $ 452 Other liabilities August 3, 2020 February 5, 2016 20,000 145 Other liabilities February 1, 2021 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 The tables below presents the net gains (losses) recorded in accumulated other comprehensive income and the Consolidated Statements of Income relating to the cash flow derivative instruments for the three and six months ended March 31, 2016. There were no derivatives held by the Company at or for the three and six months ended March 31, 2015. For the Three Months Ended March 31, 2016 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) August 3, 2015 $ (397 ) $ (48 ) $ — February 5, 2016 (166 ) (21 ) — For the Six Months Ended March 31, 2016 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) August 3, 2015 $ (244 ) $ (104 ) $ — February 5, 2016 (166 ) (21 ) — The company has agreements with each of its derivative counterparties that contain a provision where if the Company defaults on any of its indebtedness, including default where repayment of the indebtedness has not been accelerated by the lender, then the company could also be declared in default on its derivative obligations. At March 31, 2016, 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 $648,000. As of March 31, 2016, the Company has minimum collateral posting thresholds with certain of its derivative counterparties and has posted collateral of $1.3 million against its obligations under these agreements. If the Company had breached any of these provisions at March 31, 2016, 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. At 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. At 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	6 Months Ended
	Mar. 31, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 9 - 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 at March 31, 2016 or September 30, 2015. The table below presents the balances of assets measured at fair value on a recurring basis: March 31, 2016 Total Level 1 Level 2 Level 3 (in thousands) Assets: Investment securities available-for-sale: Debt securities: U.S. government agencies $ 795 $ — $ 795 $ — State and municipal obligations 36,737 — 36,737 — Single issuer trust preferred security 786 — 786 — Corporate debt securities 48,714 — 48,714 — Total investment securities available-for-sale 87,032 — 87,032 — Mortgage-backed securities available-for-sale: FNMA, fixed-rate 8,200 — 8,200 — FHLMC, fixed-rate 5,663 — 5,663 — Total mortgage-backed securities available-for-sale 13,863 — 13,863 — Total investments securities available for sale $ 100,895 $ — $ 100,895 $ — Liabilities: Derivative instruments $ 597 $ — $ 597 $ — 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 $ — For assets measured at fair value on a nonrecurring basis 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 March 31, 2016 and September 30, 2015: March 31, 2016 Total Level 1 Level 2 Level 3 (in thousands) Other real estate owned $ 700 $ — $ — $ 700 Impaired loans (1) (2) 8 8 Total $ 708 $ — $ — $ 708 March 31, 2016 Fair Value at Valuation Technique Unobservable Input Range/(Weighted (dollars in thousands) Other real estate owned $ 700 Appraisal of collateral (3) Collateral discounts (4) 18%/(18%) Impaired loans (1) (2) 8 Appraisal of collateral (3) Collateral discounts (4) 0%/(0%) Total $ 708 ________________ (1) At March 31, 2016, consisted of one loan with an aggregate balance of $32,000 and with $24,000 in 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, 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. At March 31, 2016, the Company did not have any additions to our mortgage servicing assets. The following table shows active information regarding significant techniques and inputs used at September 30, 2015 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 modeling period Loan prepayment speeds 14.73 % Weighted-average CPR Servicing fees 0.25 % Of loan balance Servicing costs $ 6.25 Monthly servicing cost per account $300 − 500 Additional monthly servicing cost per loan on loans more than 30 days delinquent 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 March 31, 2016 and September 30, 2015. 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 March 31, 2016 and September 30, 2015 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 March 31, 2016 and September 30, 2015 are presented below: Carrying Fair Value Level 1 Level 2 Level 3 (in thousands) March 31, 2016: Financial assets: Cash and cash equivalents $ 58,043 $ 58,043 $ 58,043 $ — $ — Investment securities available-for-sale 100,895 100,895 — 100,895 — Investment securities held-to-maturity 52,272 52,176 — 52,176 — Loans receivable, net 515,094 530,611 — — 530,611 Accrued interest receivable 2,622 2,622 — 2,622 — Restricted stock 5,553 5,553 — 5,553 — Mortgage servicing rights (included in Other Assets) 369 389 — 389 — Financial liabilities: Savings accounts 44,207 44,207 — 44,207 — Checking and NOW accounts 129,874 129,874 — 129,874 — Money market accounts 129,652 129,652 — 129,652 — Certificates of deposit 245,057 247,739 — 247,739 — FHLB advances 123,000 125,100 — 125,100 — Derivatives 597 597 — 597 — Accrued interest payable 436 436 — 436 — 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 —

Income Taxes

Income Taxes	6 Months Ended
	Mar. 31, 2016
Income Tax Disclosure [Abstract]
Income Taxes	Note 10 – Income Taxes Deferred income taxes at March 31, 2016 and September 30, 2015 were as follows: March 31, September 30, 2016 2015 (in thousands) Deferred Tax Assets: Unrealized loss on investments available-for-sale $ 59 $ 383 Allowance for loan losses 3,066 2,985 Non-accrual interest 86 98 Write-down of real estate owned 113 106 Alternative minimum tax (AMT) credit carryover 179 128 Low-income housing tax credit carryover 337 337 Supplement Employer Retirement Plan 409 455 Charitable contributions 49 36 Depreciation 9 205 Unrealized loss on derivatives 203 — Federal net operating loss 5,509 6,375 Other 367 338 Total Deferred Tax Assets 10,386 11,446 Valuation allowance for DTA (7,824 ) (8,043 ) Total Deferred Tax Assets, Net of Valuation Allowance 2,562 3,403 Deferred Tax Liabilities: State net operating income — (187 ) Mortgage servicing rights (125 ) (136 ) Other (235 ) (206 ) Total Deferred Tax Liabilities (360 ) (529 ) Deferred Tax Assets, Net $ 2,202 $ 2,874

Comprehensive Income (Loss)

Comprehensive Income (Loss)	6 Months Ended
	Mar. 31, 2016
Equity [Abstract]
Comprehensive Income (Loss)	Note 11 – Comprehensive Income (Loss) The components of accumulated other comprehensive (loss) included in shareholders’ equity are as follows: March 31, September 30, 2016 2015 (in thousands) Net unrealized holding losses on available-for-sale securities $ (175 ) $ (1,011 ) Tax effect 59 344 Net of tax amount (116 ) (667 ) Net unrealized holding losses on securities transferred from available-for-sale to held-to-maturity — (115 ) Tax effect — 39 Net of tax amount — (76 ) Fair value adjustments on derivatives (597 ) (348 ) Tax effect 203 12 Net of tax amount (394 ) (336 ) Total accumulated other comprehensive loss $ (510 ) $ (1,079 ) Other comprehensive income and related tax effects are presented in the following table: Three Months Ended March 31, Six Months Ended March 31, (in thousands) 2016 2015 2016 2015 Net unrealized holding gains on available-for-sale securities $ 1,620 $ 1,947 $ 1,139 $ 3,109 Net realized gains on securities available-for-sale (61 ) (266 ) (192 ) (292 ) Amortization (accretion) of unrealized holding losses on securities available-for-sale transferred to held-to-maturity 2 (33 ) 4 (33 ) Fair value adjustments on derivatives (494 ) — (249 ) — Other comprehensive income before taxes 1,067 1,648 702 2,784 Tax effect (363 ) (561 ) (133 ) (947 ) Total comprehensive income $ 704 $ 1,087 $ 569 $ 1,837

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Schedule of composition of weighted average shares (denominator) used in earnings per share computations	The following table sets forth the composition of the weighted average shares (denominator) used in the earnings per share computations. Three Months Ended March 31, Six Months Ended March 31, (in thousands, except for share data) 2016 2015 2016 2015 Net Income $ 1,266 $ 1,008 $ 2,610 $ 1,329 Weighted average shares outstanding 6,560,713 6,558,473 6,559,587 6,558,473 Average unearned ESOP shares (152,546 ) (166,952 ) (154,353 ) (168,786 ) Basic weighted average shares outstanding 6,408,167 6,391,521 6,405,234 6,389,687 Plus: effect of dilutive options — — — — Diluted weighted average common shares outstanding 6,408,167 — 6,405,234 — Earnings per share: Basic $ 0.20 $ 0.16 $ 0.41 $ 0.21 Diluted $ 0.20 n/a $ 0.41 n/a

Investment Securities (Tables)

Investment Securities (Tables)	6 Months Ended
	Mar. 31, 2016
Investments, Debt and Equity Securities [Abstract]
Schedule of investment securities	The following tables present information related to the Company’s investment securities at March 31, 2016 and September 30, 2015. March 31, 2016 Amortized Gross Gross Fair (in thousands) Investment Securities Available-for-Sale: U.S. government agencies $ 787 $ 8 $ — $ 795 State and municipal obligations 36,208 529 — 36,737 Single issuer trust preferred security 1,000 — (214 ) 786 Corporate debt securities 49,182 65 (533 ) 48,714 87,177 602 (747 ) 87,032 Mortgage-backed securities: Federal National Mortgage Association (FNMA), fixed-rate 8,232 3 (35 ) 8,200 Federal Home Loan Mortgage Company (FHLMC), fixed-rate 5,661 5 (3 ) 5,663 13,893 8 (38 ) 13,863 Total $ 101,070 $ 610 $ (785 ) $ 100,895 Investment Securities Held-to-Maturity: U.S. government agencies $ 11,802 $ 24 $ (1 ) $ 11,825 State and municipal obligations 9,951 99 (20 ) 10,030 Corporate debt securities 3,964 — (68 ) 3,896 Mortgage-backed securities: Collateralized mortgage obligations, fixed-rate 26,555 56 (186 ) 26,425 Total $ 52,272 $ 179 $ (275 ) $ 52,176 Total investment securities $ 153,342 $ 789 $ (1,060 ) $ 153,071 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
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 March 31, 2016 and September 30, 2015: March 31, 2016 Less than 12 Months More than 12 Months Total Fair Unrealized Fair Unrealized Fair Unrealized (in thousands) Investment Securities Available-for-Sale: Single issuer trust preferred security $ — $ — $ 786 $ (214 ) $ 786 $ (214 ) Corporate debt securities 6,987 (92 ) 27,420 (441 ) 34,407 (533 ) Mortgage-backed securities: FNMA, fixed-rate — — 4,065 (35 ) 4,065 (35 ) FHLMC, fixed-rate 1,087 (1 ) 986 (2 ) 2,073 (3 ) Total $ 8,074 $ (93 ) $ 33,257 $ (692 ) $ 41,331 $ (785 ) Investment Securities Held-to-Maturity: U.S. government agencies 999 (1 ) — — 999 (1 ) State and municipal obligations 2,990 (20 ) — — 2,990 (20 ) Corporate debt securities — — 3,896 (68 ) 3,896 (68 ) Mortgage-backed securities: CMO, fixed-rate 4,575 (20 ) 14,442 (166 ) 19,017 (186 ) Total 8,564 (41 ) 18,338 (234 ) 26,902 (275 ) Total investment securities $ 16,638 $ (134 ) $ 51,595 $ (926 ) $ 68,233 $ (1,060 ) 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 )
Schedule of amortized cost and fair value of debt securities by contractual maturity	The following table presents information for investment securities at March 31, 2016, based on scheduled maturities. Actual maturities can be expected to differ from scheduled maturities due to prepayment or early call options of the issuer. March 31, 2016 Amortized Cost Fair Value (in thousands) Investment Securities Available-for-Sale: Due in one year or less $ — $ — Due after one year through five years 14,077 14,132 Due after five years through ten years 56,260 56,053 Due after ten years 30,733 30,710 Total $ 101,070 $ 100,895 Investment Securities Held-to-Maturity: Due after one year through five years $ 11,802 $ 11,825 Due after five years through ten years 5,907 5,918 Due after ten years 34,563 34,433 Total $ 52,272 $ 52,176 Total investment securities $ 153,342 $ 153,071

Loans Receivable and Related 22

Loans Receivable and Related Allowance for Loan Losses (Tables)	6 Months Ended
	Mar. 31, 2016
Receivables [Abstract]
Schedule of loans receivable	Loans receivable in the Company’s portfolio consisted of the following at the dates indicated below: March 31, September 30, 2016 2015 (in thousands) Residential mortgage $ 214,207 $ 214,958 Construction and Development: Residential and commercial 10,796 5,677 Land 7,755 2,142 Total Construction and Development 18,551 7,819 Commercial: Commercial real estate 173,160 87,686 Multi-family 20,548 7,444 Other 34,585 13,380 Total Commercial 228,293 108,510 Consumer: Home equity lines of credit 21,712 22,919 Second mortgages 33,987 37,633 Other 2,041 2,359 Total Consumer 57,740 62,911 Total loans 518,791 394,198 Deferred loan fees and cost, net 1,240 1,776 Allowance for loan losses (4,937 ) (4,667 ) Total loans receivable, net $ 515,094 $ 391,307
Schedule of allowance for loan losses	Activity in the allowance is presented for the three and six months ended March 31, 2016 and 2015 and the year ended September 30, 2015, respectively. Three Months Ended March 31, 2016 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 $ 1,297 $ 46 $ 106 $ 1,841 $ 93 $ 167 $ 128 $ 660 $ 18 $ 220 $ 4,576 Charge-offs - - - (1 ) - - - (58 ) (43 ) - (102 ) Recoveries 40 16 - 1 - 1 - 23 7 - 88 Provision 62 12 - (312 ) 58 25 5 (45 ) 47 523 375 Ending Balance $ 1,399 $ 74 $ 106 $ 1,529 $ 151 $ 193 $ 133 $ 580 $ 29 $ 743 $ 4,937 Three Months Ended March 31, 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 $ 1,648 $ 363 $ - $ 1,082 $ 152 $ 49 $ 154 $ 916 $ 29 $ 207 $ 4,600 Charge-offs - - - - - - - - (16 ) - (16 ) Recoveries - - - 3 - - 1 22 2 - 28 Provision (61 ) (55 ) 5 (27 ) 5 10 (12 ) (87 ) 17 205 - Ending Balance $ 1,587 $ 308 $ 5 $ 1,058 $ 157 $ 59 $ 143 $ 851 $ 32 $ 412 $ 4,612 Six Months Ended March 31, 2016 Construction and Commercial Consumer Residential Mortgage Residential and Commercial Land Commercial Estate Multi- Other Home Equity Lines of Credit Second Mortgages Other Unallocated Total (in thousands) Allowance for loan losses: Beginning balance $ 1,486 $ 30 $ 35 $ 1,235 $ 104 $ 108 $ 139 $ 761 $ 24 $ 745 $ 4,667 Charge-offs (9 ) - - (99 ) - - - (255 ) (43 ) - (406 ) Recoveries 40 204 - 3 - 2 - 44 8 - 301 Provisions (118 ) (160 ) 71 390 47 83 (6 ) 30 40 (2 ) 375 Ending Balance $ 1,399 $ 74 $ 106 $ 1,529 $ 151 $ 193 $ 133 $ 580 $ 29 $ 743 $ 4,937 Ending balance: individually evaluated for impairment $ - $ - $ - $ - $ - $ - $ - $ 24 $ - $ - $ 24 Ending balance: collectively evaluated for impairment $ 1,399 $ 74 $ 106 $ 1,529 $ 151 $ 193 $ 133 $ 556 $ 29 $ 743 $ 4,913 Loans receivable: Ending balance $ 214,207 $ 10,796 $ 7,755 $ 173,160 $ 20,548 $ 34,585 $ 21,712 $ 33,987 $ 2,041 $ 518,791 Ending balance: individually evaluated for impairment $ 624 $ 121 $ - $ 1,468 $ - $ - $ 20 $ 197 $ - $ 2,430 Ending balance: collectively evaluated for impairment $ 213,583 $ 10,675 $ 7,755 $ 171,692 $ 20,548 $ 34,585 $ 21,692 $ 33,790 $ 2,041 $ 516,361 Six Months Ended March 31, 2015 Construction and Commercial Consumer Residential Residential Land Commercial 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 ) - - - (31 ) (33 ) - (113 ) Recoveries 1 - - 5 - 1 1 34 4 - 46 Provisions (86 ) 18 (8 ) (147 ) 128 8 (26 ) (185 ) 38 350 90 Ending Balance $ 1,587 $ 308 $ 5 $ 1,058 $ 157 $ 59 $ 143 $ 851 $ 32 $ 412 $ 4,612 Ending balance: individually evaluated for impairment $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Ending balance: collectively evaluated for impairment $ 1,587 $ 308 $ 5 $ 1,058 $ 157 $ 59 $ 143 $ 851 $ 32 $ 412 $ 4,612 Loans receivable: Ending balance $ 225,232 $ 5,922 $ 344 $ 68,858 $ 5,508 $ 5,506 $ 23,073 $ 43,013 $ 2,610 $ 380,066 Ending balance: individually evaluated for impairment $ 861 $ 142 $ - $ 604 $ - $ - $ 20 $ 308 $ - $ 1,935 Ending balance: collectively evaluated for impairment $ 224,371 $ 5,780 $ 344 $ 68,254 $ 5,508 $ 5,506 $ 23,053 $ 42,705 $ 2,610 $ 378,131 Year Ended September 30, 2015 Construction and Commercial Consumer Residential Residential Land Commercial Estate Multi- Other Home Equity Lines of Credit Second 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 Provisions (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
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 March 31, 2016 and September 30, 2015. Impaired Loans With Impaired Total Impaired Loans Recorded Related Recorded Recorded Unpaid (in thousands) March 31, 2016: Residential mortgage $ — $ — $ 624 $ 624 $ 672 Construction and Development: Residential and commercial — — 121 121 253 Commercial: Commercial real estate — — 1,468 1,468 1,468 Consumer: Home equity lines of credit — — 20 20 36 Second mortgages 32 24 165 197 367 Total impaired loans $ 32 $ 24 $ 2,398 $ 2,430 $ 2,796 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
Schedule of average recorded investment in impaired loans and related interest income recognized	The following table presents the average recorded investment in impaired loans in portfolio and related interest income recognized for three and six months ended March 31, 2016 and 2015. Three Months Ended March 31, 2016 Six Months Ended March 31, 2016 (in thousands) Average Impaired Loans Interest Income Recognized on Impaired Loans Average Impaired Loans Interest Income Recognized on Impaired Loans Residential mortgage $ 626 $ — $ 606 $ — Construction and Development: Residential and commercial 121 1 121 2 Commercial: Commercial real estate 1,475 16 1,506 30 Consumer: Home equity lines of credit 20 — 20 — Second mortgages 200 — 194 — Total $ 2,442 $ 17 $ 2,447 $ 32 Three Months Ended March 31, 2015 Six Months Ended March 31, 2015 (in thousands) Average Impaired Loans Interest Income Recognized on Impaired Loans Average Impaired Loans Interest Income Recognized on Impaired Loans Residential mortgage $ 871 $ — $ 894 $ — Construction and Development: Residential and commercial 142 1 161 2 Commercial: Commercial real estate 887 — 703 — Other 458 — 681 12 Consumer: Home equity lines of credit 20 — 28 — Second mortgages 700 — 715 — Total $ 3,078 $ 1 $ 3,182 $ 14
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 March 31, 2016 and September 30, 2015. March 31, 2016 Pass Special Substandard Doubtful Total (in thousands) Residential mortgage $ 213,226 $ 126 $ 855 $ — $ 214,207 Construction and Development: Residential and commercial 10,675 — 121 — 10,796 Land 7,755 — — — 7,755 Commercial: Commercial real estate 164,092 4,867 4,201 — 173,160 Multi-family 20,280 268 — — 20,548 Other 33,608 266 711 — 34,585 Consumer: Home equity lines of credit 21,593 — 119 — 21,712 Second mortgages 33,196 122 669 — 33,987 Other 2,028 13 — — 2,041 Total $ 506,453 $ 5,662 $ 6,676 $ — $ 518,791 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
Schedule of loans that are no longer accruing interest by portfolio class	The following table presents loans that are no longer accruing interest by portfolio class. March 31, September 30, 2016 2015 (in thousands) Residential mortgage $ 624 $ 599 Construction and Development: Residential and commercial 12 12 Commercial: Commercial real estate — 589 Consumer: Home equity lines of credit 20 20 Second mortgages 197 179 Total non-accrual loans $ 853 $ 1,399
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 March 31, 2016 and September 30, 2015. Current 30 – 59 60 – 89 90 Days or Total Total Loans (in thousands) March 31, 2016: Residential mortgage $ 207,093 $ 4,202 $ 2,288 $ 624 $ 7,114 $ 214,207 Construction and Development: Residential and commercial 10,390 394 — 12 406 10,796 Land 7,755 — — — — 7,755 Commercial: Commercial real estate 171,558 1,408 194 — 1,602 173,160 Multi-family 20,548 — — — — 20,548 Other 33,803 782 — — 782 34,585 Consumer: Home equity lines of credit 21,479 20 193 20 233 21,712 Second mortgages 33,255 401 134 197 732 33,987 Other 2,029 12 — — 12 2,041 Total $ 507,910 $ 7,219 $ 2,809 $ 853 $ 10,881 $ 518,791 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
Schedule of TDR loans	The following table presents our TDR loans as of March 31, 2016 and September 30, 2015. Total Troubled Debt Troubled Debt Restructured Number of Recorded Number of Recorded (dollars in thousands) At March 31, 2016: Construction and Development: Residential and commercial 1 $ 109 — $ — Commercial: Commercial real estate 3 1,468 — — Total 4 $ 1,577 — $ — 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
Schedule of performing status of TDR loans	The following table reports the performing status all of TDR loans. The performing status is determined by the loans compliance with the modified terms. March 31, 2016 September 30, 2015 Performing Non-Performing Performing Non-Performing (in thousands) Construction and Development: Residential and commercial $ 109 $ — $ 109 $ — Commercial: Commercial real estate 1,468 — 982 492 Total $ 1,577 $ — $ 1,091 $ 492

Regulatory Matters (Tables)

Regulatory Matters (Tables)	6 Months Ended
	Mar. 31, 2016
Banking and Thrift [Abstract]
Schedule of actual capital amounts and ratios	The following table summarizes the Company’s compliance with applicable regulatory capital requirements as of March 31, 2016: Actual For Capital To Be Well (Dollars in thousands) Capital Ratio Capital Ratio Capital Ratio As of March 31, 2016: Tier 1 Leverage (Core) Capital (to average assets) $ 85,199 11.92 % $ 28,959 4.00 % $ 35,744 5.00 % Common Equity Tier 1 Capital (to risk weighted assets) 85,199 15.68 % 24,447 4.50 % 35,312 6.50 % Tier 1 Capital (to risk weighted assets) 85,199 15.68 % 32,595 6.00 % 43,461 8.00 % Total Risk Based Capital (to risk weighted assets) 90,198 16.60 % 43,461 8.00 % 54,326 10.00 % The following table summarizes the Bank’s compliance with applicable regulatory capital requirements as of March 31, 2016 and September 30, 2015: To Be Well For Capital Under Prompt Actual Adequacy Purposes Action Provisions (Dollars in thousands) Capital Ratio Capital Ratio Capital Ratio As of March 31, 2016: Tier 1 Leverage (to average assets) $ 77,238 10.34 % $ 29,892 4.00 % $ 37,365 5.00 % Common Equity Tier 1 Capital (to risk weighted assets) 77,238 14.23 % 24,422 4.50 % 35,276 6.50 % Tier 1 Capital (to risk weighted assets) 77,238 14.23 % 32,562 6.00 % 43,416 8.00 % Total Capital (to risk weighted assets) 82,237 15.15 % 43,416 8.00 % 54,271 10.00 % As of September 30, 2015: Tier 1 Leverage (to average assets) $ 69,030 10.80 % $ 25,573 4.00 % $ 31,966 5.00 % Common Equity Tier 1 Capital (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 Capital (to risk weighted assets) 73,759 16.99 % 34,734 8.00 % 43,418 10.00 %

Derivatives and Hedging Activ24

Derivatives and Hedging Activities (Tables)	6 Months Ended
	Mar. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of effects of derivative instruments on the consolidated financial statements	The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the Balance Sheet as of March 31, 2016 and September 30, 2015: March 31, 2016 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 $ 452 Other liabilities August 3, 2020 February 5, 2016 20,000 145 Other liabilities February 1, 2021 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
Schedule of net gains (losses) recorded in accumulated other comprehensive income and the consolidate statements of income	The tables below presents the net gains (losses) recorded in accumulated other comprehensive income and the Consolidated Statements of Income relating to the cash flow derivative instruments for the three and six months ended March 31, 2016. There were no derivatives held by the Company at or for the three and six months ended March 31, 2015. For the Three Months Ended March 31, 2016 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) August 3, 2015 $ (397 ) $ (48 ) $ — February 5, 2016 (166 ) (21 ) — For the Six Months Ended March 31, 2016 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) August 3, 2015 $ (244 ) $ (104 ) $ — February 5, 2016 (166 ) (21 ) —

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Mar. 31, 2016
Fair Value Disclosures [Abstract]
Schedule of balances of assets measured at fair value on a recurring basis	The table below presents the balances of assets measured at fair value on a recurring basis: March 31, 2016 Total Level 1 Level 2 Level 3 (in thousands) Assets: Investment securities available-for-sale: Debt securities: U.S. government agencies $ 795 $ — $ 795 $ — State and municipal obligations 36,737 — 36,737 — Single issuer trust preferred security 786 — 786 — Corporate debt securities 48,714 — 48,714 — Total investment securities available-for-sale 87,032 — 87,032 — Mortgage-backed securities available-for-sale: FNMA, fixed-rate 8,200 — 8,200 — FHLMC, fixed-rate 5,663 — 5,663 — Total mortgage-backed securities available-for-sale 13,863 — 13,863 — Total investments securities available for sale $ 100,895 $ — $ 100,895 $ — Liabilities: Derivative instruments $ 597 $ — $ 597 $ — 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 $ —
Schedule of assets measured at fair value on a non recurring basis	For assets measured at fair value on a nonrecurring basis that were still held at the end of the period, the following table provides the level of valuation assumptions used to determine each adjustment and the carrying value of the related individual assets or portfolios at March 31, 2016 and September 30, 2015: March 31, 2016 Total Level 1 Level 2 Level 3 (in thousands) Other real estate owned $ 700 $ — $ — $ 700 Impaired loans (1) (2) 8 8 Total $ 708 $ — $ — $ 708 March 31, 2016 Fair Value at Valuation Technique Unobservable Input Range/(Weighted (dollars in thousands) Other real estate owned $ 700 Appraisal of collateral (3) Collateral discounts (4) 18%/(18%) Impaired loans (1) (2) 8 Appraisal of collateral (3) Collateral discounts (4) 0%/(0%) Total $ 708 ________________ (1) At March 31, 2016, consisted of one loan with an aggregate balance of $32,000 and with $24,000 in 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, 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.
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 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 modeling period Loan prepayment speeds 14.73 % Weighted-average CPR Servicing fees 0.25 % Of loan balance Servicing costs $ 6.25 Monthly servicing cost per account $300 − 500 Additional monthly servicing cost per loan on loans more than 30 days delinquent
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 March 31, 2016 and September 30, 2015 are presented below: Carrying Fair Value Level 1 Level 2 Level 3 (in thousands) March 31, 2016: Financial assets: Cash and cash equivalents $ 58,043 $ 58,043 $ 58,043 $ — $ — Investment securities available-for-sale 100,895 100,895 — 100,895 — Investment securities held-to-maturity 52,272 52,176 — 52,176 — Loans receivable, net 515,094 530,611 — — 530,611 Accrued interest receivable 2,622 2,622 — 2,622 — Restricted stock 5,553 5,553 — 5,553 — Mortgage servicing rights (included in Other Assets) 369 389 — 389 — Financial liabilities: Savings accounts 44,207 44,207 — 44,207 — Checking and NOW accounts 129,874 129,874 — 129,874 — Money market accounts 129,652 129,652 — 129,652 — Certificates of deposit 245,057 247,739 — 247,739 — FHLB advances 123,000 125,100 — 125,100 — Derivatives 597 597 — 597 — Accrued interest payable 436 436 — 436 — 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 —

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Mar. 31, 2016
Income Tax Disclosure [Abstract]
Schedule of deferred income taxes	Deferred income taxes at March 31, 2016 and September 30, 2015 were as follows: March 31, September 30, 2016 2015 (in thousands) Deferred Tax Assets: Unrealized loss on investments available-for-sale $ 59 $ 383 Allowance for loan losses 3,066 2,985 Non-accrual interest 86 98 Write-down of real estate owned 113 106 Alternative minimum tax (AMT) credit carryover 179 128 Low-income housing tax credit carryover 337 337 Supplement Employer Retirement Plan 409 455 Charitable contributions 49 36 Depreciation 9 205 Unrealized loss on derivatives 203 — Federal net operating loss 5,509 6,375 Other 367 338 Total Deferred Tax Assets 10,386 11,446 Valuation allowance for DTA (7,824 ) (8,043 ) Total Deferred Tax Assets, Net of Valuation Allowance 2,562 3,403 Deferred Tax Liabilities: State net operating income — (187 ) Mortgage servicing rights (125 ) (136 ) Other (235 ) (206 ) Total Deferred Tax Liabilities (360 ) (529 ) Deferred Tax Assets, Net $ 2,202 $ 2,874

Comprehensive Income (Loss) (Ta

Comprehensive Income (Loss) (Tables)	6 Months Ended
	Mar. 31, 2016
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: March 31, September 30, 2016 2015 (in thousands) Net unrealized holding losses on available-for-sale securities $ (175 ) $ (1,011 ) Tax effect 59 344 Net of tax amount (116 ) (667 ) Net unrealized holding losses on securities transferred from available-for-sale to held-to-maturity — (115 ) Tax effect — 39 Net of tax amount — (76 ) Fair value adjustments on derivatives (597 ) (348 ) Tax effect 203 12 Net of tax amount (394 ) (336 ) Total accumulated other comprehensive loss $ (510 ) $ (1,079 )
Schedule of other comprehensive income (loss) and related tax effects	Other comprehensive income and related tax effects are presented in the following table: Three Months Ended March 31, Six Months Ended March 31, (in thousands) 2016 2015 2016 2015 Net unrealized holding gains on available-for-sale securities $ 1,620 $ 1,947 $ 1,139 $ 3,109 Net realized gains on securities available-for-sale (61 ) (266 ) (192 ) (292 ) Amortization (accretion) of unrealized holding losses on securities available-for-sale transferred to held-to-maturity 2 (33 ) 4 (33 ) Fair value adjustments on derivatives (494 ) — (249 ) — Other comprehensive income before taxes 1,067 1,648 702 2,784 Tax effect (363 ) (561 ) (133 ) (947 ) Total comprehensive income $ 704 $ 1,087 $ 569 $ 1,837

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015	Sep. 30, 2008
Earnings Per Share [Abstract]
Net Income	$ 1,266	$ 1,008	$ 2,610	$ 1,329
Weighted average shares outstanding (in shares)	6,560,713	6,558,473	6,559,587	6,558,473
Average unearned ESOP shares (in shares)	(152,546)	(166,952)	(154,353)	(168,786)
Basic weighted average shares outstanding (in shares)	6,408,167	6,391,521	6,405,234	6,389,687
Plus: effect of dilutive options (in shares)
Diluted weighted average common shares outstanding (in shares)	6,408,167		6,405,234
Earnings per share:
Basic (in dollars per share)	$ 0.2	$ 0.16	$ 0.41	$ 0.21
Diluted (in dollars per share)	$ 0.2		$ 0.41
Stock options	5,000		5,000		241,178

Employee Stock Ownership Plan (

Employee Stock Ownership Plan (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	4 Months Ended	6 Months Ended
	Mar. 31, 2016	Sep. 30, 2008	Mar. 31, 2016	Mar. 31, 2015
Employee Stock Ownership Plan (ESOP), Shares in ESOP [Abstract]
Employee stock ownership plan (ESOP), shares purchased	5,000	241,178	5,000
Employee stock ownership plan (ESOP), amount borrowed		$ 2,600
Average price of shares purchased (in dollars per share)		$ 10.86
Employee stock ownership plan (ESOP), debt structure, direct loan, description		The loan, which bears an interest rate of 5%, is being repaid in quarterly installments through 2026.
Committed to be released ESOP shares	3,600		7,200	7,200
Number of unallocated shares	150,765		150,765
Number of allocated shares held by the ESOP	108,453		108,453
Aggregate fair value of shares held by the ESOP	$ 2,400		$ 2,400

Investment Securities (Details)

Investment Securities (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Mar. 31, 2016	Sep. 30, 2015
Investment Securities Available-for-Sale:
Amortized Cost	$ 101,070	$ 129,480
Gross Unrealized Gains	610	226
Gross Unrealized Losses	(785)	(1,352)
Fair value	100,895	128,354
Investment Securities Held-to-Maturity:
Amortized Cost	52,272	57,221
Gross Unrealized Gains	179	86
Gross Unrealized Losses	(275)	(482)
Fair Value	52,176	56,825
Total investment securities Amortized Cost	153,342	186,701
Total investment securities Gross Unrealized Gains	789	312
Total investment securities Gross Unrealized Losses	(1,060)	(1,834)
Total investment securities Fair Value	153,071	185,179
U S Government Agencies [Member]
Investment Securities Available-for-Sale:
Amortized Cost	787	$ 816
Gross Unrealized Gains	$ 8
Gross Unrealized Losses		$ (1)
Fair value	$ 795	815
Investment Securities Held-to-Maturity:
Amortized Cost	11,802	14,301
Gross Unrealized Gains	24	8
Gross Unrealized Losses	(1)	(13)
Fair Value	11,825	14,296
State And Municipal Obligations [Member]
Investment Securities Available-for-Sale:
Amortized Cost	36,208	42,007
Gross Unrealized Gains	$ 529	192
Gross Unrealized Losses		(116)
Fair value	$ 36,737	42,083
Investment Securities Held-to-Maturity:
Amortized Cost	9,951	10,075
Gross Unrealized Gains	99	23
Gross Unrealized Losses	(20)	(75)
Fair Value	10,030	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	$ (214)	$ (150)
Fair value	786	850
Corporate Debt Securities [Member]
Investment Securities Available-for-Sale:
Amortized Cost	49,182	70,874
Gross Unrealized Gains	65	34
Gross Unrealized Losses	(533)	(926)
Fair value	48,714	69,982
Investment Securities Held-to-Maturity:
Amortized Cost	$ 3,964	$ 4,011
Gross Unrealized Gains
Gross Unrealized Losses	$ (68)	$ (55)
Fair Value	3,896	3,956
Available For Sale Securities Before Mortgage Backed [Member]
Investment Securities Available-for-Sale:
Amortized Cost	87,177	114,697
Gross Unrealized Gains	602	226
Gross Unrealized Losses	(747)	(1,193)
Fair value	87,032	113,730
Mortgage Backed Securities [Member]
Investment Securities Available-for-Sale:
Amortized Cost	13,893	$ 14,783
Gross Unrealized Gains	8
Gross Unrealized Losses	(38)	$ (159)
Fair value	13,863	14,624
Fixed Rate [Member] | Federal National Mortgage Association Certificates And Obligations F N M A [Member]
Investment Securities Available-for-Sale:
Amortized Cost	8,232	$ 8,797
Gross Unrealized Gains	3
Gross Unrealized Losses	(35)	$ (105)
Fair value	8,200	8,692
Fixed Rate [Member] | Federal Home Loan Mortgage Corporation Certificates And Obligations F H L M C [Member]
Investment Securities Available-for-Sale:
Amortized Cost	5,661	$ 5,986
Gross Unrealized Gains	5
Gross Unrealized Losses	(3)	$ (54)
Fair value	5,663	5,932
Fixed Rate [Member] | Collateralized Mortgage Obligations [Member]
Investment Securities Held-to-Maturity:
Amortized Cost	26,555	28,834
Gross Unrealized Gains	56	55
Gross Unrealized Losses	(186)	(339)
Fair Value	$ 26,425	$ 28,550

Investment Securities (Details

Investment Securities (Details 1) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Mar. 31, 2016	Sep. 30, 2015
Investment Securities Available-for-Sale:
Less than 12 Months: Fair Value	$ 8,074	$ 85,026
Less than 12 Months: Unrealized Losses	(93)	(1,120)
More than 12 Months: Fair Value	33,257	7,550
More than 12 Months: Unrealized Losses	(692)	(232)
Total: Fair Value	41,331	92,576
Total: Unrealized Losses	(785)	(1,352)
Investment Securities Held-to-Maturity:
Less than 12 Months: Fair Value	8,564	38,400
Less than 12 Months: Unrealized Losses	(41)	$ (482)
More than 12 Months: Fair Value	18,338
More than 12 Months: Unrealized Losses	(234)
Total: Fair Value	26,902	$ 38,400
Total: Unrealized Losses	(275)	(482)
Total investment securities in an unrealized loss position less than 12 months fair value	16,638	123,426
Total investment securities in an unrealized loss position less than 12 months gross unrealized loss	(134)	(1,602)
Total investment securities in an unrealized loss position 12 months or more fair value	51,595	7,550
Total investment securities in an unrealized loss position 12 months or more gross unrealized loss	(926)	(232)
Total investment securities in an unrealized loss position fair value	68,233	130,976
Total investment securities in an unrealized loss position gross unrealized loss	(1,060)	$ (1,834)
U S Government Agencies [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
More than 12 Months: Unrealized Losses		(1)
Total: Fair Value		815
Total: Unrealized Losses		(1)
Investment Securities Held-to-Maturity:
Less than 12 Months: Fair Value	999	4,792
Less than 12 Months: Unrealized Losses	$ (1)	$ (13)
More than 12 Months: Fair Value
More than 12 Months: Unrealized Losses
Total: Fair Value	$ 999	$ 4,792
Total: Unrealized Losses	(1)	(13)
State And Municipal Obligations [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
More than 12 Months: Unrealized Losses
Total: Fair Value		$ 18,223
Total: Unrealized Losses		(116)
Investment Securities Held-to-Maturity:
Less than 12 Months: Fair Value	2,990	6,917
Less than 12 Months: Unrealized Losses	$ (20)	$ (75)
More than 12 Months: Fair Value
More than 12 Months: Unrealized Losses
Total: Fair Value	$ 2,990	$ 6,917
Total: Unrealized Losses	$ (20)	$ (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	$ 786	$ 850
More than 12 Months: Unrealized Losses	(214)	(150)
Total: Fair Value	786	850
Total: Unrealized Losses	(214)	(150)
Corporate Debt Securities [Member]
Investment Securities Available-for-Sale:
Less than 12 Months: Fair Value	6,987	58,064
Less than 12 Months: Unrealized Losses	(92)	$ (926)
More than 12 Months: Fair Value	27,420
More than 12 Months: Unrealized Losses	(441)
Total: Fair Value	34,407	$ 58,064
Total: Unrealized Losses	$ (533)	(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	$ 3,896
More than 12 Months: Unrealized Losses	(68)
Total: Fair Value	3,896	$ 3,957
Total: Unrealized Losses	$ (68)	(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	$ 4,065	3,233
More than 12 Months: Unrealized Losses	(35)	(52)
Total: Fair Value	4,065	8,692
Total: Unrealized Losses	(35)	(105)
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	1,087	3,280
Less than 12 Months: Unrealized Losses	(1)	(25)
More than 12 Months: Fair Value	986	2,652
More than 12 Months: Unrealized Losses	(2)	(29)
Total: Fair Value	2,073	5,932
Total: Unrealized Losses	(3)	(54)
Fixed Rate [Member] | Collateralized Mortgage Obligations [Member]
Investment Securities Held-to-Maturity:
Less than 12 Months: Fair Value	4,575	22,734
Less than 12 Months: Unrealized Losses	(20)	$ (339)
More than 12 Months: Fair Value	14,442
More than 12 Months: Unrealized Losses	(166)
Total: Fair Value	19,017	$ 22,734
Total: Unrealized Losses	$ (186)	$ (339)

Investment Securities (Detail32

Investment Securities (Details 2) - USD ($) $ in Thousands	Mar. 31, 2016	Sep. 30, 2015
Available for Sale, Amortized Cost:
Due in one year or less
Due after one year through five years	$ 14,077
Due after five years through ten years	56,260
Due after ten years	30,733
Available-for-sale Securities, Amortized Cost Basis, Total	$ 101,070	$ 129,480
Available for Sale, Fair Value:
Due in one year or less
Due after one year through five years	$ 14,132
Due after five years through ten years	56,053
Due after ten years	30,710
Available-for-sale Securities, Fair value, Total	100,895	128,354
Held-to-Maturity, Amortized Cost:
Due after one year through five years	11,802
Due after five years through ten years	5,907
Due after ten years	34,563
Held-to-maturity Securities, Amortized Cost, Total	52,272	57,221
Held-to-Maturity, Fair Value:
Due after one year through five years	11,825
Due after five years through ten years	5,918
Due after ten years	34,433
Held-to-maturity Securities, Fair Value, Total	52,176	$ 56,825
Total Investment Securities, Amortized Cost	153,342
Total Investment Securities, Fair Value	$ 153,071

Investment Securities (Detail33

Investment Securities (Details Narrative) - USD ($) $ in Thousands	6 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Investments, Debt and Equity Securities [Abstract]
Proceeds from sale of securities available for sale	$ 29,500	$ 51,200
Available-for-sale securities, gross realized gains	198	386
Available-for-sale securities, gross realized losses	$ 6	$ 94

Investment Securities (Detail34

Investment Securities (Details Narrative 1)	Mar. 31, 2016N
U S Government Agencies [Member]
Schedule of Investments [Line Items]
Number of securities held in an unrealized loss position	1
State And Municipal Obligations [Member]
Schedule of Investments [Line Items]
Number of securities held in an unrealized loss position	2
Corporate Debt Securities [Member]
Schedule of Investments [Line Items]
Number of securities held in an unrealized loss position	20
Mortgage Backed Securities [Member]
Schedule of Investments [Line Items]
Number of securities held in an unrealized loss position	30
Single Issuer Trust Preferred Security [Member]
Schedule of Investments [Line Items]
Number of securities held in an unrealized loss position	1

Loans Receivable and Related 35

Loans Receivable and Related Allowance for Loan Losses (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014
Total loans	$ 518,791		$ 394,198	$ 380,066
Deferred loan fees and cost, net	1,240		1,776
Allowance for loan losses	(4,937)	$ (4,576)	(4,667)	(4,612)	$ (4,600)	$ (4,589)
Total loans receivable, net	515,094		391,307
Residential Mortgage [Member]
Total loans	214,207		214,958	225,232
Allowance for loan losses	(1,399)	(1,297)	(1,486)	(1,587)	(1,648)	(1,672)
Construction and Development - Residential And Commercial Receivable [Member]
Total loans	10,796		5,677	5,922
Allowance for loan losses	(74)	(46)	(30)	(308)	$ (363)	(291)
Construction And Development - Land Receivable [Member]
Total loans	7,755		2,142	344
Allowance for loan losses	(106)	(106)	(35)	(5)		(13)
Construction And Development Receivable [Member]
Total loans	18,551		7,819
Commercial Real Estate [Member]
Total loans	173,160		87,686	68,858
Allowance for loan losses	(1,529)	(1,841)	(1,235)	(1,058)	$ (1,082)	(1,248)
Commercial Multi Family Receivable [Member]
Total loans	20,548		7,444	5,508
Allowance for loan losses	(151)	(93)	(104)	(157)	(152)	(29)
Commercial - Other Receivable [Member]
Total loans	34,585		13,380	5,506
Allowance for loan losses	(193)	(167)	(108)	(59)	(49)	(50)
Commercial [Member]
Total loans	228,293		108,510
Consumer - Home Equity Lines of Credit [Member]
Total loans	21,712		22,919	23,073
Allowance for loan losses	(133)	(128)	(139)	(143)	(154)	(168)
Consumer - Second Mortgages Receivable [Member]
Total loans	33,987		37,633	43,013
Allowance for loan losses	(580)	(660)	(761)	(851)	(916)	(1,033)
Consumer - Other Receivable [Member]
Total loans	2,041		2,359	2,610
Allowance for loan losses	(29)	$ (18)	(24)	$ (32)	$ (29)	$ (23)
Consumer Receivable [Member]
Total loans	$ 57,740		$ 62,911

Loans Receivable and Related 36

Loans Receivable and Related Allowance for Loan Losses (Details 1) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015	Sep. 30, 2015
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, beginning balance	$ 4,576	$ 4,600	$ 4,667	$ 4,589	$ 4,589
Charge-offs	(102)	(16)	(406)	(113)	(221)
Recoveries	88	$ 28	301	46	209
Provision	375		375	90	90
Allowance for loan losses, ending balance	4,937	$ 4,612	4,937	$ 4,612	$ 4,667
Allowance for loan losses: ending balance: individually evaluated for impairment	24		24
Allowance for loan losses: ending balance: collectively evaluated for impairment	4,913	$ 4,612	4,913	$ 4,612	$ 4,667
Loans receivable, ending balance	518,791	380,066	518,791	380,066	394,198
Loans receivable: ending balance: individually evaluated for impairment	2,430	1,935	2,430	1,935	2,490
Loans Receivable: ending balance: collectively evaluated for impairment	516,361	378,131	516,361	378,131	391,708
Residential Mortgage [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, beginning balance	$ 1,297	$ 1,648	1,486	$ 1,672	$ 1,672
Charge-offs			(9)
Recoveries	$ 40		40	$ 1	$ 17
Provision	62	$ (61)	(118)	(86)	(203)
Allowance for loan losses, ending balance	$ 1,399	$ 1,587	$ 1,399	$ 1,587	$ 1,486
Allowance for loan losses: ending balance: individually evaluated for impairment
Allowance for loan losses: ending balance: collectively evaluated for impairment	$ 1,399	$ 1,587	$ 1,399	$ 1,587	$ 1,486
Loans receivable, ending balance	214,207	225,232	214,207	225,232	214,958
Loans receivable: ending balance: individually evaluated for impairment	624	861	624	861	599
Loans Receivable: ending balance: collectively evaluated for impairment	213,583	224,371	213,583	224,371	214,359
Construction and Development - Residential And Commercial Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, beginning balance	$ 46	$ 363	$ 30	291	291
Charge-offs				$ (1)	(1)
Recoveries	$ 16		$ 204		98
Provision	12	$ (55)	(160)	$ 18	(358)
Allowance for loan losses, ending balance	$ 74	$ 308	$ 74	$ 308	$ 30
Allowance for loan losses: ending balance: individually evaluated for impairment
Allowance for loan losses: ending balance: collectively evaluated for impairment	$ 74	$ 308	$ 74	$ 308	$ 30
Loans receivable, ending balance	10,796	5,922	10,796	5,922	5,677
Loans receivable: ending balance: individually evaluated for impairment	121	142	121	142	121
Loans Receivable: ending balance: collectively evaluated for impairment	10,675	$ 5,780	10,675	5,780	5,556
Construction And Development - Land Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, beginning balance	$ 106		$ 35	$ 13	$ 13
Charge-offs
Recoveries
Provision		$ 5	$ 71	$ (8)	$ 22
Allowance for loan losses, ending balance	$ 106	$ 5	$ 106	$ 5	$ 35
Allowance for loan losses: ending balance: individually evaluated for impairment
Allowance for loan losses: ending balance: collectively evaluated for impairment	$ 106	$ 5	$ 106	$ 5	$ 35
Loans receivable, ending balance	$ 7,755	$ 344	$ 7,755	$ 344	$ 2,142
Loans receivable: ending balance: individually evaluated for impairment
Loans Receivable: ending balance: collectively evaluated for impairment	$ 7,755	$ 344	$ 7,755	$ 344	$ 2,142
Commercial Real Estate [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, beginning balance	1,841	$ 1,082	1,235	1,248	1,248
Charge-offs	(1)		(99)	(48)	(48)
Recoveries	1	$ 3	3	5	9
Provision	(312)	(27)	390	(147)	26
Allowance for loan losses, ending balance	$ 1,529	$ 1,058	$ 1,529	$ 1,058	$ 1,235
Allowance for loan losses: ending balance: individually evaluated for impairment
Allowance for loan losses: ending balance: collectively evaluated for impairment	$ 1,529	$ 1,058	$ 1,529	$ 1,058	$ 1,235
Loans receivable, ending balance	173,160	68,858	173,160	68,858	87,686
Loans receivable: ending balance: individually evaluated for impairment	1,468	604	1,468	604	1,571
Loans Receivable: ending balance: collectively evaluated for impairment	171,692	68,254	171,692	68,254	86,115
Commercial Multi Family Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, beginning balance	$ 93	$ 152	$ 104	$ 29	$ 29
Charge-offs
Recoveries
Provision	$ 58	$ 5	$ 47	$ 128	$ 75
Allowance for loan losses, ending balance	$ 151	$ 157	$ 151	$ 157	$ 104
Allowance for loan losses: ending balance: individually evaluated for impairment
Allowance for loan losses: ending balance: collectively evaluated for impairment	$ 151	$ 157	$ 151	$ 157	$ 104
Loans receivable, ending balance	$ 20,548	$ 5,508	$ 20,548	$ 5,508	$ 7,444
Loans receivable: ending balance: individually evaluated for impairment
Loans Receivable: ending balance: collectively evaluated for impairment	$ 20,548	$ 5,508	$ 20,548	$ 5,508	$ 7,444
Commercial - Other Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, beginning balance	$ 167	$ 49	$ 108	$ 50	$ 50
Charge-offs
Recoveries	$ 1		$ 2	$ 1	$ 3
Provision	25	$ 10	83	8	55
Allowance for loan losses, ending balance	$ 193	$ 59	$ 193	$ 59	$ 108
Allowance for loan losses: ending balance: individually evaluated for impairment
Allowance for loan losses: ending balance: collectively evaluated for impairment	$ 193	$ 59	$ 193	$ 59	$ 108
Loans receivable, ending balance	$ 34,585	$ 5,506	$ 34,585	$ 5,506	$ 13,380
Loans receivable: ending balance: individually evaluated for impairment
Loans Receivable: ending balance: collectively evaluated for impairment	$ 34,585	$ 5,506	$ 34,585	$ 5,506	$ 13,380
Consumer - Home Equity Lines of Credit [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, beginning balance	$ 128	$ 154	$ 139	$ 168	$ 168
Charge-offs
Recoveries		$ 1		$ 1	$ 2
Provision	$ 5	(12)	$ (6)	(26)	(31)
Allowance for loan losses, ending balance	$ 133	$ 143	$ 133	$ 143	$ 139
Allowance for loan losses: ending balance: individually evaluated for impairment
Allowance for loan losses: ending balance: collectively evaluated for impairment	$ 133	$ 143	$ 133	$ 143	$ 139
Loans receivable, ending balance	21,712	23,073	21,712	23,073	22,919
Loans receivable: ending balance: individually evaluated for impairment	20	20	20	20	20
Loans Receivable: ending balance: collectively evaluated for impairment	21,692	23,053	21,692	23,053	22,899
Consumer - Second Mortgages Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, beginning balance	660	$ 916	761	1,033	1,033
Charge-offs	(58)		(255)	(31)	(138)
Recoveries	23	$ 22	44	34	69
Provision	(45)	(87)	30	(185)	(203)
Allowance for loan losses, ending balance	580	$ 851	580	$ 851	$ 761
Allowance for loan losses: ending balance: individually evaluated for impairment	24		24
Allowance for loan losses: ending balance: collectively evaluated for impairment	556	$ 851	556	$ 851	$ 761
Loans receivable, ending balance	33,987	43,013	33,987	43,013	37,633
Loans receivable: ending balance: individually evaluated for impairment	197	308	197	308	179
Loans Receivable: ending balance: collectively evaluated for impairment	33,790	42,705	33,790	42,705	37,454
Consumer - Other Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, beginning balance	18	29	24	23	23
Charge-offs	(43)	(16)	(43)	(33)	(34)
Recoveries	7	2	8	4	11
Provision	47	17	40	38	24
Allowance for loan losses, ending balance	$ 29	$ 32	$ 29	$ 32	$ 24
Allowance for loan losses: ending balance: individually evaluated for impairment
Allowance for loan losses: ending balance: collectively evaluated for impairment	$ 29	$ 32	$ 29	$ 32	$ 24
Loans receivable, ending balance	$ 2,041	$ 2,610	$ 2,041	$ 2,610	$ 2,359
Loans receivable: ending balance: individually evaluated for impairment
Loans Receivable: ending balance: collectively evaluated for impairment	$ 2,041	$ 2,610	$ 2,041	$ 2,610	$ 2,359
Unallocated [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, beginning balance	$ 220	$ 207	$ 745	$ 62	$ 62
Charge-offs
Recoveries
Provision	$ 523	$ 205	$ (2)	$ 350	$ 683
Allowance for loan losses, ending balance	$ 743	$ 412	$ 743	$ 412	$ 745
Allowance for loan losses: ending balance: individually evaluated for impairment
Allowance for loan losses: ending balance: collectively evaluated for impairment	$ 743	$ 412	$ 743	$ 412	$ 745

Loans Receivable and Related 37

Loans Receivable and Related Allowance for Loan Losses (Details 2) - USD ($) $ in Thousands	Mar. 31, 2016	Sep. 30, 2015
Impaired Loans With Specific Allowance, Recorded Investment	$ 32
Impaired Loans With Specific Allowance, Related Allowance	24
Impaired Loans With No Specific Allowance, Recorded Investment	2,398	$ 2,490
Total Impaired Loans Recorded Investment	2,430	2,490
Total Impaired Loans Unpaid Principal Balance	$ 2,796	$ 3,134
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	$ 624	$ 599
Total Impaired Loans Recorded Investment	624	599
Total Impaired Loans Unpaid Principal Balance	$ 672	$ 696
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	$ 121
Total Impaired Loans Recorded Investment	121	121
Total Impaired Loans Unpaid Principal Balance	$ 253	$ 253
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	$ 1,468	$ 1,571
Total Impaired Loans Recorded Investment	1,468	1,571
Total Impaired Loans Unpaid Principal Balance	$ 1,468	$ 1,807
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	$ 20
Total Impaired Loans Recorded Investment	20	20
Total Impaired Loans Unpaid Principal Balance	36	$ 36
Consumer - Second Mortgages Receivable [Member]
Impaired Loans With Specific Allowance, Recorded Investment	32
Impaired Loans With Specific Allowance, Related Allowance	24
Impaired Loans With No Specific Allowance, Recorded Investment	165	$ 179
Total Impaired Loans Recorded Investment	197	179
Total Impaired Loans Unpaid Principal Balance	$ 367	$ 342

Loans Receivable and Related 38

Loans Receivable and Related Allowance for Loan Losses (Details 3) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Average Impaired Loans	$ 2,442	$ 3,078	$ 2,447	$ 3,182
Interest Income Recognized on Impaired Loans	17	1	32	14
Residential Mortgage [Member]
Average Impaired Loans	$ 626	$ 871	$ 606	$ 894
Interest Income Recognized on Impaired Loans
Construction and Development - Residential And Commercial Receivable [Member]
Average Impaired Loans	$ 121	$ 142	$ 121	$ 161
Interest Income Recognized on Impaired Loans	1	1	2	2
Commercial Real Estate [Member]
Average Impaired Loans	1,475	$ 887	1,506	$ 703
Interest Income Recognized on Impaired Loans	16		30
Consumer - Home Equity Lines of Credit [Member]
Average Impaired Loans	$ 20	$ 20	$ 20	$ 28
Interest Income Recognized on Impaired Loans
Consumer - Second Mortgages Receivable [Member]
Average Impaired Loans	$ 200	$ 700	$ 194	$ 715
Interest Income Recognized on Impaired Loans
Commercial - Other Receivable [Member]
Average Impaired Loans		$ 458		$ 681
Interest Income Recognized on Impaired Loans				$ 12

Loans Receivable and Related 39

Loans Receivable and Related Allowance for Loan Losses (Details 4) - USD ($) $ in Thousands	Mar. 31, 2016	Sep. 30, 2015	Mar. 31, 2015
Loans and Leases, gross	$ 518,791	$ 394,198	$ 380,066
Residential Mortgage [Member]
Loans and Leases, gross	214,207	214,958	225,232
Construction and Development - Residential And Commercial Receivable [Member]
Loans and Leases, gross	10,796	5,677	5,922
Construction And Development - Land Receivable [Member]
Loans and Leases, gross	7,755	2,142	344
Commercial Real Estate [Member]
Loans and Leases, gross	173,160	87,686	68,858
Commercial Multi Family Receivable [Member]
Loans and Leases, gross	20,548	7,444	5,508
Commercial - Other Receivable [Member]
Loans and Leases, gross	34,585	13,380	5,506
Consumer - Home Equity Lines of Credit [Member]
Loans and Leases, gross	21,712	22,919	23,073
Consumer - Second Mortgages Receivable [Member]
Loans and Leases, gross	33,987	37,633	43,013
Consumer - Other Receivable [Member]
Loans and Leases, gross	2,041	2,359	$ 2,610
Pass [Member]
Loans and Leases, gross	506,453	381,478
Pass [Member] | Residential Mortgage [Member]
Loans and Leases, gross	213,226	214,146
Pass [Member] | Construction and Development - Residential And Commercial Receivable [Member]
Loans and Leases, gross	10,675	5,450
Pass [Member] | Construction And Development - Land Receivable [Member]
Loans and Leases, gross	7,755	2,142
Pass [Member] | Commercial Real Estate [Member]
Loans and Leases, gross	164,092	78,207
Pass [Member] | Commercial Multi Family Receivable [Member]
Loans and Leases, gross	20,280	7,166
Pass [Member] | Commercial - Other Receivable [Member]
Loans and Leases, gross	33,608	12,387
Pass [Member] | Consumer - Home Equity Lines of Credit [Member]
Loans and Leases, gross	21,593	22,801
Pass [Member] | Consumer - Second Mortgages Receivable [Member]
Loans and Leases, gross	33,196	36,834
Pass [Member] | Consumer - Other Receivable [Member]
Loans and Leases, gross	2,028	2,345
Special Mention [Member]
Loans and Leases, gross	5,662	5,724
Special Mention [Member] | Residential Mortgage [Member]
Loans and Leases, gross	$ 126	130
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	$ 4,867	$ 4,791
Special Mention [Member] | Commercial Multi Family Receivable [Member]
Loans and Leases, gross	268	278
Special Mention [Member] | Commercial - Other Receivable [Member]
Loans and Leases, gross	$ 266	$ 272
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	$ 122	$ 133
Special Mention [Member] | Consumer - Other Receivable [Member]
Loans and Leases, gross	13	14
Substandard [Member]
Loans and Leases, gross	6,676	6,996
Substandard [Member] | Residential Mortgage [Member]
Loans and Leases, gross	855	682
Substandard [Member] | Construction and Development - Residential And Commercial Receivable [Member]
Loans and Leases, gross	$ 121	$ 121
Substandard [Member] | Construction And Development - Land Receivable [Member]
Loans and Leases, gross
Substandard [Member] | Commercial Real Estate [Member]
Loans and Leases, gross	$ 4,201	$ 4,688
Substandard [Member] | Commercial Multi Family Receivable [Member]
Loans and Leases, gross
Substandard [Member] | Commercial - Other Receivable [Member]
Loans and Leases, gross	$ 711	$ 721
Substandard [Member] | Consumer - Home Equity Lines of Credit [Member]
Loans and Leases, gross	119	118
Substandard [Member] | Consumer - Second Mortgages Receivable [Member]
Loans and Leases, gross	$ 669	$ 666
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 40

Loans Receivable and Related Allowance for Loan Losses (Details 5) - USD ($) $ in Thousands	Mar. 31, 2016	Sep. 30, 2015
Total non-accrual loans	$ 853	$ 1,399
Residential Mortgage [Member]
Total non-accrual loans	624	599
Construction and Development - Residential And Commercial Receivable [Member]
Total non-accrual loans	$ 12	12
Commercial Real Estate [Member]
Total non-accrual loans		589
Consumer - Home Equity Lines of Credit [Member]
Total non-accrual loans	$ 20	20
Consumer - Second Mortgages Receivable [Member]
Total non-accrual loans	$ 197	$ 179

Loans Receivable and Related 41

Loans Receivable and Related Allowance for Loan Losses (Details 6) - USD ($) $ in Thousands	Mar. 31, 2016	Sep. 30, 2015	Mar. 31, 2015
Current	$ 507,910	$ 390,241
Past Due	10,881	3,957
Total Loans Receivable	518,791	394,198	$ 380,066
30 to 59 Days Past Due [Member]
Past Due	7,219	1,773
60 to 89 Days Past Due [Member]
Past Due	2,809	785
Equal to Greater than 90 Days Past Due [Member]
Past Due	853	1,399
Residential Mortgage [Member]
Current	207,093	213,253
Past Due	7,114	1,705
Total Loans Receivable	214,207	214,958	225,232
Residential Mortgage [Member] | 30 to 59 Days Past Due [Member]
Past Due	4,202	913
Residential Mortgage [Member] | 60 to 89 Days Past Due [Member]
Past Due	2,288	193
Residential Mortgage [Member] | Equal to Greater than 90 Days Past Due [Member]
Past Due	624	599
Construction and Development - Residential And Commercial Receivable [Member]
Current	10,390	5,665
Past Due	406	12
Total Loans Receivable	10,796	$ 5,677	5,922
Construction and Development - Residential And Commercial Receivable [Member] | 30 to 59 Days Past Due [Member]
Past Due	$ 394
Construction and Development - Residential And Commercial Receivable [Member] | 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	$ 12
Construction And Development - Land Receivable [Member]
Current	$ 7,755	$ 2,142
Past Due
Total Loans Receivable	$ 7,755	$ 2,142	344
Construction And Development - Land Receivable [Member] | 30 to 59 Days Past Due [Member]
Past Due
Construction And Development - Land Receivable [Member] | 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	$ 171,558	$ 86,119
Past Due	1,602	1,567
Total Loans Receivable	173,160	87,686	68,858
Commercial Real Estate [Member] | 30 to 59 Days Past Due [Member]
Past Due	1,408	485
Commercial Real Estate [Member] | 60 to 89 Days Past Due [Member]
Past Due	$ 194	493
Commercial Real Estate [Member] | Equal to Greater than 90 Days Past Due [Member]
Past Due		589
Commercial Multi Family Receivable [Member]
Current	$ 20,548	$ 7,444
Past Due
Total Loans Receivable	$ 20,548	$ 7,444	5,508
Commercial Multi Family Receivable [Member] | 30 to 59 Days Past Due [Member]
Past Due
Commercial Multi Family Receivable [Member] | 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	$ 33,803	$ 13,380
Past Due	782
Total Loans Receivable	34,585	$ 13,380	5,506
Commercial - Other Receivable [Member] | 30 to 59 Days Past Due [Member]
Past Due	$ 782
Commercial - Other Receivable [Member] | 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	$ 21,479	$ 22,899
Past Due	233	20
Total Loans Receivable	21,712	$ 22,919	23,073
Consumer - Home Equity Lines of Credit [Member] | 30 to 59 Days Past Due [Member]
Past Due	20
Consumer - Home Equity Lines of Credit [Member] | 60 to 89 Days Past Due [Member]
Past Due	193
Consumer - Home Equity Lines of Credit [Member] | Equal to Greater than 90 Days Past Due [Member]
Past Due	20	$ 20
Consumer - Second Mortgages Receivable [Member]
Current	33,255	37,010
Past Due	732	623
Total Loans Receivable	33,987	37,633	43,013
Consumer - Second Mortgages Receivable [Member] | 30 to 59 Days Past Due [Member]
Past Due	401	345
Consumer - Second Mortgages Receivable [Member] | 60 to 89 Days Past Due [Member]
Past Due	134	99
Consumer - Second Mortgages Receivable [Member] | Equal to Greater than 90 Days Past Due [Member]
Past Due	197	179
Consumer - Other Receivable [Member]
Current	2,029	2,329
Past Due	12	30
Total Loans Receivable	2,041	2,359	$ 2,610
Consumer - Other Receivable [Member] | 30 to 59 Days Past Due [Member]
Past Due	$ 12	$ 30
Consumer - Other Receivable [Member] | 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 42

Loans Receivable and Related Allowance for Loan Losses (Details 7) $ in Thousands	6 Months Ended	12 Months Ended
	Mar. 31, 2016USD ($)N	Sep. 30, 2015USD ($)N
Number of Loans | N | N	4	5
Recorded Investment | $	$ 1,577	$ 1,583
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months,Number of Loans | N		2
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Recorded Investment | $		$ 982
Construction and Development - Residential And Commercial Receivable [Member]
Number of Loans | N | N	1	1
Recorded Investment | $	$ 109	$ 109
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months,Number of Loans | N
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Recorded Investment | $
Commercial Real Estate [Member]
Number of Loans | N | N	3	4
Recorded Investment | $	$ 1,468	$ 1,474
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months,Number of Loans | N		2
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Recorded Investment | $		$ 982

Loans Receivable and Related 43

Loans Receivable and Related Allowance for Loan Losses (Details 8) - USD ($) $ in Thousands	Mar. 31, 2016	Sep. 30, 2015
Recorded Investment	$ 1,577	$ 1,583
Performing Financing Receivable [Member]
Recorded Investment	$ 1,577	1,091
Nonperforming Financing Receivable [Member]
Recorded Investment		492
Construction and Development - Residential And Commercial Receivable [Member]
Recorded Investment	$ 109	109
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
Commercial Real Estate [Member]
Recorded Investment	$ 1,468	$ 1,474
Commercial Real Estate [Member] | Performing Financing Receivable [Member]
Recorded Investment	$ 1,468	982
Commercial Real Estate [Member] | Nonperforming Financing Receivable [Member]
Recorded Investment		$ 492

Loans Receivable and Related 44

Loans Receivable and Related Allowance for Loan Losses (Details Narrative) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Mar. 31, 2016USD ($)	Mar. 31, 2015USD ($)	Mar. 31, 2016USD ($)N	Mar. 31, 2015USD ($)	Sep. 30, 2015USD ($)N
Non accrual loans interest income | $	$ 15	$ 39	$ 21	$ 63
Number of loans			4		5
Number of loans subsequently defaulted					2
Recorded Investment subsequently defaulted | $					$ 982
Construction and Development - Residential And Commercial Receivable [Member]
Number of loans			1		1
Number of loans subsequently defaulted
Recorded Investment subsequently defaulted | $
Real estate through foreclosure | $	$ 986		$ 986		$ 1,200
Commercial Real Estate [Member]
Number of loans			3		4
Number of loans subsequently defaulted					2
Recorded Investment subsequently defaulted | $					$ 982

Regulatory Matters (Details)

Regulatory Matters (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Jan. 02, 2016	Sep. 30, 2015	Jan. 02, 2015
Parent Company [Member]
Core Capital (to adjusted tangible assets): Actual Amount	$ 85,199
Common equity Tier 1(to risk-weighted assets): Actual Amount	85,199
Tier 1 Capital (to risk-weighted assets): Actual Amount	85,199
Total risk-based Capital (to risk-weighted assets): Actual Amount	$ 90,198
Core Capital (to adjusted tangible assets): Actual Ratio	11.92%
Common equity Tier 1(to risk-weighted assets): Actual Ratio	15.68%
Tier 1 Capital (to risk-weighted assets): Actual Ratio	15.68%
Total risk-based Capital (to risk-weighted assets): Actual Ratio	16.60%
Core Capital (to adjusted tangible assets): For Capital Adequacy Purposes Amount	$ 28,959
Common equity Tier 1(to risk-weighted assets): For Capital Adequacy Purposes Amount	24,447
Tier 1 Capital (to risk-weighted assets): For Capital Adequacy Purposes Amount	32,595
Total risk-based Capital (to risk-weighted assets): For Capital Adequacy Purposes Amount	$ 43,461
Core Capital (to adjusted tangible assets): For Capital Adequacy Purposes Ratio	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%
Total risk-based Capital (to risk-weighted assets): For Capital Adequacy Purposes Ratio	8.00%
Core Capital (to adjusted tangible assets): To be Well Capitalized under Prompt Corrective Action Provisions Capital Amount	$ 35,744
Common equity Tier 1(to risk-weighted assets): To be Well Capitalized under Prompt Corrective Action Provisions Capital Amount	35,312
Tier 1 Capital (to risk-weighted assets): To be Well Capitalized under Prompt Corrective Action Provisions Capital Amount	43,461
Total risk-based Capital (to risk-weighted assets): To be Well Capitalized under Prompt Corrective Action Provisions Capital Amount	$ 54,326
Core Capital (to adjusted tangible assets): To be Well Capitalized under Prompt Corrective Action Provisions Ratio	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%
Total risk-based Capital (to risk-weighted assets): To be Well Capitalized under Prompt Corrective Action Provisions Ratio	10.00%
Malvern Federal Savings Bank [Member]
Core Capital (to adjusted tangible assets): Actual Amount	$ 77,238		$ 69,030
Common equity Tier 1(to risk-weighted assets): Actual Amount	77,238		69,030
Tier 1 Capital (to risk-weighted assets): Actual Amount	77,238		69,030
Total risk-based Capital (to risk-weighted assets): Actual Amount	$ 82,237		$ 73,759
Core Capital (to adjusted tangible assets): Actual Ratio	10.34%		10.80%
Common equity Tier 1(to risk-weighted assets): Actual Ratio	14.23%		15.90%
Tier 1 Capital (to risk-weighted assets): Actual Ratio	14.23%		15.90%
Total risk-based Capital (to risk-weighted assets): Actual Ratio	15.15%	10.50%	16.99%
Core Capital (to adjusted tangible assets): For Capital Adequacy Purposes Amount	$ 29,892		$ 25,573
Common equity Tier 1(to risk-weighted assets): For Capital Adequacy Purposes Amount	24,422		19,538
Tier 1 Capital (to risk-weighted assets): For Capital Adequacy Purposes Amount	32,562		26,051
Total risk-based Capital (to risk-weighted assets): For Capital Adequacy Purposes Amount	$ 43,416		$ 34,734
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%	7.00%	4.50%	4.50%
Tier 1 Capital (to risk-weighted assets): For Capital Adequacy Purposes Ratio	6.00%	8.50%	6.00%	6.00%
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 Capital Amount	$ 37,365		$ 31,966
Common equity Tier 1(to risk-weighted assets): To be Well Capitalized under Prompt Corrective Action Provisions Capital Amount	35,276		28,222
Tier 1 Capital (to risk-weighted assets): To be Well Capitalized under Prompt Corrective Action Provisions Capital Amount	43,416		34,734
Total risk-based Capital (to risk-weighted assets): To be Well Capitalized under Prompt Corrective Action Provisions Capital Amount	$ 54,271		$ 43,418
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%		6.50%
Tier 1 Capital (to risk-weighted assets): To be Well Capitalized under Prompt Corrective Action Provisions Ratio	8.00%		8.00%
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 Nar

Regulatory Matters (Details Narrative) - Malvern Federal Savings Bank [Member]	Mar. 31, 2016	Jan. 02, 2016	Sep. 30, 2015	Jan. 02, 2015
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Common equity Tier 1 capital ratio	4.50%	7.00%	4.50%	4.50%
Tier 1 capital ratio	6.00%	8.50%	6.00%	6.00%
Tier 1 Capital coservation buffer		2.50%
Total capital ratio	15.15%	10.50%	16.99%
Capital conservation buffer percentage of risk-weighted assets		0.625%

Derivatives and Hedging Activ47

Derivatives and Hedging Activities (Details) - Designated as Hedging Instrument [Member] - Other Liabilities [Member] - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Mar. 31, 2016	Sep. 30, 2015
Interest Rate Swap Due On August 3, 2020 [Member]
Notional Amount	$ 15,000	$ 15,000
Fair Value	$ 452	$ 348
Effective Date	Aug. 3, 2015	Aug. 3, 2015
Interest Rate Swap Due On February 1, 2021 [Member]
Notional Amount	$ 20,000
Fair Value	$ 145
Effective Date	Feb. 5, 2016

Derivatives and Hedging Activ48

Derivatives and Hedging Activities (Details 1) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Mar. 31, 2016	Mar. 31, 2016
Interest Rate Swap Due On August 3, 2020 [Member]
Amount of Gain (Loss) Recognized in OCI (Effective Portion)	$ (397)	$ (244)
Amount of Gain (Loss) Reclassified from OCI to Interest Expense	$ (48)	$ (104)
Amount of Gain (Loss) Recognized in Other Non-Interest Income (Ineffective Portion)
Interest Rate Swap Due On February 1, 2021 [Member]
Amount of Gain (Loss) Recognized in OCI (Effective Portion)	$ (166)	$ (166)
Amount of Gain (Loss) Reclassified from OCI to Interest Expense	$ (21)	$ (21)
Amount of Gain (Loss) Recognized in Other Non-Interest Income (Ineffective Portion)

Derivatives and Hedging Activ49

Derivatives and Hedging Activities (Details Narrative) - Interest Rate Swap Due On August 3, 2020 [Member] - USD ($) $ in Thousands	6 Months Ended
	Mar. 31, 2016	Sep. 30, 2015
Interest expense	$ 273
Derivatives net liability position	648	$ 195
Derivatives minimum collateral posting thresholds	$ 1,300	$ 600

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Sep. 30, 2015
Assets:
Investment securities available for sale, at fair value	$ 100,895	$ 128,354
U S Government Agencies [Member]
Assets:
Investment securities available for sale, at fair value	795	815
State And Municipal Obligations [Member]
Assets:
Investment securities available for sale, at fair value	36,737	42,083
Single Issuer Trust Preferred Security [Member]
Assets:
Investment securities available for sale, at fair value	786	850
Corporate Debt Securities [Member]
Assets:
Investment securities available for sale, at fair value	48,714	69,982
Available For Sale Securities Before Mortgage Backed [Member]
Assets:
Investment securities available for sale, at fair value	87,032	113,730
Federal National Mortgage Association Certificates And Obligations F N M A [Member] | Fixed Rate [Member]
Assets:
Investment securities available for sale, at fair value	8,200	8,692
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	5,663	5,932
Mortgage Backed Securities [Member]
Assets:
Investment securities available for sale, at fair value	$ 13,863	$ 14,624
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	$ 100,895	$ 128,354
Liabilities:
Derivative instruments	$ 597	$ 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	$ 100,895	$ 128,354
Liabilities:
Derivative instruments	597	348
Fair Value, Measurements, Recurring [Member] | U S Government Agencies [Member]
Assets:
Investment securities available for sale, at fair value	795	815
Fair Value, Measurements, Recurring [Member] | State And Municipal Obligations [Member]
Assets:
Investment securities available for sale, at fair value	36,737	42,083
Fair Value, Measurements, Recurring [Member] | Single Issuer Trust Preferred Security [Member]
Assets:
Investment securities available for sale, at fair value	786	850
Fair Value, Measurements, Recurring [Member] | Corporate Debt Securities [Member]
Assets:
Investment securities available for sale, at fair value	48,714	69,982
Fair Value, Measurements, Recurring [Member] | Available For Sale Securities Before Mortgage Backed [Member]
Assets:
Investment securities available for sale, at fair value	87,032	113,730
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	8,200	8,692
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	5,663	5,932
Fair Value, Measurements, Recurring [Member] | Mortgage Backed Securities [Member]
Assets:
Investment securities available for sale, at fair value	$ 13,863	$ 14,624
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 [Member]
Assets:
Investment securities available for sale, at fair value
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | State And Municipal Obligations [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 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] | Mortgage Backed Securities [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	$ 100,895	$ 128,354
Liabilities:
Derivative instruments	597	348
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | U S Government Agencies [Member]
Assets:
Investment securities available for sale, at fair value	795	815
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | State And Municipal Obligations [Member]
Assets:
Investment securities available for sale, at fair value	36,737	42,083
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	786	850
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Corporate Debt Securities [Member]
Assets:
Investment securities available for sale, at fair value	48,714	69,982
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	87,032	113,730
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	8,200	8,692
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	5,663	5,932
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Mortgage Backed Securities [Member]
Assets:
Investment securities available for sale, at fair value	$ 13,863	$ 14,624
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 [Member]
Assets:
Investment securities available for sale, at fair value
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | State And Municipal Obligations [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 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] | Mortgage Backed Securities [Member]
Assets:
Investment securities available for sale, at fair value

Fair Value Measurements (Deta51

Fair Value Measurements (Details 1) - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Thousands		Mar. 31, 2016	Sep. 30, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value, nonrecurring basis		$ 708	$ 78
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
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value, nonrecurring basis		$ 708	48
Impaired Loans Net [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value, nonrecurring basis	[1],[2]	$ 8	$ 48
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	[1],[2]
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	[1],[2]
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	[1],[2]	$ 8	$ 48
Mortgage Servicing Rights [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value, nonrecurring basis			$ 30
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
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		$ 700
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		$ 700
[1]	At March 31, 2016, consisted of one loan with an aggregate balance of $32,000 and with $24,000 in specific loan loss allowance.
[2]	Includes assets directly charged-down to fair value during the year-to-date period.

Fair Value Measurements (Deta52

Fair Value Measurements (Details 2) - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Thousands		6 Months Ended	12 Months Ended
		Mar. 31, 2016	Sep. 30, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value		$ 708	$ 78
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value		708	48
Impaired Loans Net [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	[1],[2]	8	48
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	[1],[2]	$ 8	$ 48
Valuation Technique	[1],[2],[3]	Appraisal of collateral	Appraisal of collateral
Unobservable Input	[1],[2],[4]	Collateral discounts	Collateral discounts
Fair Value Inputs, Discount Rate	[1],[2]	0.00%
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	[1],[2]		65.00%
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	[1],[2]		80.00%
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	[1],[2]	0.00%	74.00%
Other Real Estate Owned Fair Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value		$ 700
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		$ 700
Valuation Technique	[3]	Appraisal of collateral
Unobservable Input	[4]	Collateral discounts
Fair Value Inputs, Discount Rate		18.00%
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		18.00%
[1]	At March 31, 2016, consisted of one loan with an aggregate balance of $32,000 and with $24,000 in 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.

Fair Value Measurements (Deta53

Fair Value Measurements (Details 3) - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Sep. 30, 2015	Mar. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 78	$ 708
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	30
Mortgage Servicing Rights [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	30
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
Valuation Technique	Discounted 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
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 CPR
Fair Value Inputs, Prepayment Rate	14.73%
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
Servicing fees	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
Servicing costs (in dollars per share)	$ 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
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%
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
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%
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

Fair Value Measurements (Deta54

Fair Value Measurements (Details 4) - USD ($) $ in Thousands	Mar. 31, 2016	Sep. 30, 2015
Financial assets:
Investment securities available-for-sale	$ 100,895	$ 128,354
Investment securities held-to-maturity	52,176	56,825
Fair Value, Inputs, Level 1 [Member]
Financial assets:
Cash and cash equivalents	$ 58,043	$ 40,263
Investment securities available-for-sale
Investment securities held-to-maturity
Loans receivable, net
Accrued interest receivable
Restricted stock
Mortgage servicing rights (included in Other Assets)
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	$ 100,895	$ 128,354
Investment securities held-to-maturity	$ 52,176	$ 56,825
Loans receivable, net
Accrued interest receivable	$ 2,622	$ 2,484
Restricted stock	5,553	4,765
Mortgage servicing rights (included in Other Assets)	389	416
Financial liabilities:
Savings accounts	44,207	45,189
Checking and NOW accounts	129,874	109,907
Money market accounts	129,652	108,706
Certificates of deposit	247,739	203,257
FHLB advances	125,100	104,889
Derivatives	597	348
Accrued interest payable	$ 436	$ 396
Fair Value, Inputs, Level 3 [Member]
Financial assets:
Cash and cash equivalents
Investment securities available-for-sale
Investment securities held-to-maturity
Loans receivable, net	$ 530,611	$ 400,305
Accrued interest receivable
Restricted stock
Mortgage servicing rights (included in Other Assets)
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	$ 58,043	$ 40,263
Investment securities available-for-sale	100,895	128,354
Investment securities held-to-maturity	52,272	57,221
Loans receivable, net	515,094	391,307
Accrued interest receivable	2,622	2,484
Restricted stock	5,553	4,765
Mortgage servicing rights (included in Other Assets)	369	401
Financial liabilities:
Savings accounts	44,207	45,189
Checking and NOW accounts	129,874	109,907
Money market accounts	129,652	108,706
Certificates of deposit	245,057	201,720
FHLB advances	123,000	103,000
Derivatives	597	348
Accrued interest payable	436	396
Fair Value [Member]
Financial assets:
Cash and cash equivalents	58,043	40,263
Investment securities available-for-sale	100,895	128,354
Investment securities held-to-maturity	52,176	56,825
Loans receivable, net	530,611	400,305
Accrued interest receivable	2,622	2,484
Restricted stock	5,553	4,765
Mortgage servicing rights (included in Other Assets)	389	416
Financial liabilities:
Savings accounts	44,207	45,189
Checking and NOW accounts	129,874	109,907
Money market accounts	129,652	108,706
Certificates of deposit	247,739	203,257
FHLB advances	125,100	104,889
Derivatives	597	348
Accrued interest payable	$ 436	$ 396

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Sep. 30, 2015
Deferred Tax Assets:
Unrealized loss on investments available-for-sale	$ 59	$ 383
Allowance for loan losses	3,066	2,985
Non-accrual interest	86	98
Write-down of real estate owned	113	106
Alternative minimum tax (AMT) credit carryover	179	128
Low-income housing tax credit carryover	337	337
Supplement Employer Retirement Plan	409	455
Charitable contributions	49	36
Depreciation	9	$ 205
Unrealized loss on derivatives	203
Federal net operating loss	5,509	$ 6,375
Other	367	338
Total Deferred Tax Assets	10,386	11,446
Valuation allowance for DTA	(7,824)	(8,043)
Total Deferred Tax Assets, Net of Valuation Allowance	$ 2,562	3,403
Deferred Tax Liabilities:
State net operating income		(187)
Mortgage servicing rights	$ (125)	(136)
Other	(235)	(206)
Total Deferred Tax Liabilities	(360)	(529)
Deferred Tax Assets, Net	$ 2,202	$ 2,874

Comprehensive Income (Loss) (De

Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Mar. 31, 2016	Sep. 30, 2015
Equity [Abstract]
Net unrealized holding losses on available-for-sale securities	$ (175)	$ (1,011)
Tax effect	59	344
Net of tax amount	$ (116)	(667)
Net unrealized holding losses on securities transferred from available-for-sale to held-to-maturity		(115)
Tax effect		39
Net of tax amount		(76)
Fair value adjustments on derivatives	$ (597)	(348)
Tax effect	203	12
Net of tax amount	(394)	(336)
Total accumulated other comprehensive loss	$ (510)	$ (1,079)

Comprehensive Income (Loss) (57

Comprehensive Income (Loss) (Details 1) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Equity [Abstract]
Net unrealized holding gains on available-for-sale securities	$ 1,620	$ 1,947	$ 1,139	$ 3,109
Net realized gain on securities available-for-sale	(61)	(266)	(192)	(292)
Amortization (accretion) of unrealized holding losses on securities available-for-sale transferred to held-to-maturity	2	$ (33)	4	$ (33)
Fair value adjustments on derivatives	(494)		(249)
Other comprehensive income before taxes	1,067	$ 1,648	702	$ 2,784
Tax effect	(363)	(561)	(133)	(947)
Total comprehensive income	$ 704	$ 1,087	$ 569	$ 1,837