Malvern Bancorp (MLVF) 10-Q 10 May 17 2017 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Mar. 31, 2017	May 09, 2017
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, 2017
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		6,572,684
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2,017

CONSOLIDATED STATEMENTS OF FINA

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2017	Sep. 30, 2016
Assets
Cash and due from depository institutions	$ 1,716	$ 1,297
Interest bearing deposits in depository institutions	64,036	95,465
Cash and Cash Equivalents	65,752	96,762
Investment securities available for sale, at fair value	61,672	66,387
Investment securities held to maturity, at cost (fair value of $36,441 and $40,817, respectively)	37,060	40,551
Restricted stock, at cost	5,397	5,424
Loans receivable, net of allowance for loan losses of $7,181 and $5,434, respectively	752,708	574,160
Accrued interest receivable	3,177	2,558
Property and equipment, net	6,896	6,637
Deferred income taxes, net	7,881	8,827
Bank-owned life insurance	18,673	18,418
Other assets	2,599	1,548
Total Assets	961,815	821,272
Deposits:
Deposits-noninterest-bearing	45,303	34,547
Deposits-interest-bearing	658,969	567,499
Total Deposits	704,272	602,046
FHLB advances	118,000	118,000
Other short-term borrowing	10,000
Subordinated debt	25,000
Advances from borrowers for taxes and insurance	3,224	1,659
Accrued interest payable	649	427
Other liabilities	3,206	4,549
Total Liabilities	864,351	726,681
Commitments and Contingencies
Shareholders' Equity
Preferred stock, $0.01 par value, 10,000,000 shares authorized, none issued
Common stock, $0.01 par value, 50,000,000 shares authorized, issued and outstanding: 6,572,684 shares at March 31, 2017 and 6,560,403 shares at September 30, 2016	66	66
Additional paid-in-capital	60,536	60,461
Retained earnings	38,335	35,756
Unearned Employee Stock Ownership Plan (ESOP) shares	(1,556)	(1,629)
Accumulated other comprehensive income (loss)	83	(63)
Total Shareholders' Equity	97,464	94,591
Total Liabilities and Shareholders' Equity	$ 961,815	$ 821,272

CONSOLIDATED STATEMENTS OF FIN3

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2017	Sep. 30, 2016
Statement of Financial Position [Abstract]
Investment securities held to maturity, fair value	$ 36,441	$ 40,817
Allowance for loan losses	$ 7,181	$ 5,434
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, authorized	10,000,000	10,000,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized	50,000,000	50,000,000
Common stock, issued	6,572,684	6,560,403
Common stock, outstanding	6,572,684	6,560,403

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016
Interest and Dividend Income
Loans, including fees	$ 7,367	$ 5,121	$ 13,680	$ 9,666
Investment securities, taxable	470	795	942	1,670
Investment securities, tax-exempt	159	190	322	385
Dividends, restricted stock	64	63	128	117
Interest-bearing cash accounts	115	41	208	59
Total Interest and Dividend Income	8,175	6,210	15,280	11,897
Interest Expense
Deposits	1,424	1,161	2,748	2,125
Short-term borrowings	11		11
Long-term borrowings	528	549	1,070	1,061
Subordinated debt	221		221
Total Interest Expense	2,184	1,710	4,050	3,186
Net interest income	5,991	4,500	11,230	8,711
Provision for Loan Losses	997	375	1,657	375
Net Interest Income after Provision for Loan Losses	4,994	4,125	9,573	8,336
Other Income
Service charges and other fees	274	227	497	438
Rental income-other	55	50	110	100
Net gains on sales of investments, net	58	61	58	192
Net gains on sale of loans, net	30	36	75	70
Earnings on bank-owned life insurance	125	127	255	259
Total Other Income	542	501	995	1,059
Other Expense
Salaries and employee benefits	1,804	1,522	3,516	3,021
Occupancy expense	514	456	1,008	879
Federal deposit insurance premium	91	232	95	432
Advertising	73	25	124	55
Data processing	301	270	603	567
Professional fees	399	361	800	761
Other real estate owned expense, net		8		7
Other operating expenses	596	486	1,202	1,063
Total Other Expense	3,778	3,360	7,348	6,785
Income before income tax expense	1,758	1,266	3,220	2,610
Income tax expense	349		641
Net Income	$ 1,409	$ 1,266	$ 2,579	$ 2,610
Earnings Per Common Share:
Basic (in dollars per share)	$ 0.22	$ 0.20	$ 0.40	$ 0.41
Diluted (in dollars per share)	$ 0.22	$ 0.20	$ 0.40	$ 0.41
Weighted Average Common Shares Outstanding:
Basic (in shares)	6,427,309	6,408,167	6,422,899	6,405,234
Diluted (in shares)	6,427,932	6,408,167	6,423,269	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, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016
Income Statement [Abstract]
Net Income		$ 1,409	$ 1,266	$ 2,579	$ 2,610
Other Comprehensive Income (Loss), Net of Tax:
Unrealized holding gains (losses) on available-for- sale securities		352	1,620	(745)	1,139
Tax effect		(120)	(551)	253	(388)
Net of tax amount		232	1,069	(492)	751
Reclassification adjustment for net gains arising during the period	[1]	(58)	(61)	(58)	(192)
Tax effect		20	21	20	65
Net of tax amount		(38)	(40)	(38)	(127)
Accretion of unrealized holding losses on securities transferred from available-for-sale to held-to- maturity	[2]	2	2	6	4
Tax effect		(1)	(1)	(2)	(1)
Net of tax amount		1	1	4	3
Fair value adjustments on derivatives		74	(494)	1,019	(249)
Tax effect		(26)	168	(347)	191
Net of tax amount		48	(326)	672	(58)
Total other comprehensive income		243	704	146	569
Total comprehensive income		$ 1,652	$ 1,970	$ 2,725	$ 3,179
[1]	Amounts are included in net gains on sales of investments, net on the Consolidated Statements of Operations in total other income.
[2]	Amounts are included in interest and dividends on investment securities on the Consolidated Statements of Operations.

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (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, 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
Balance at beginning at Sep. 30, 2016	66	60,461	35,756	(1,629)	(63)	94,591
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income			2,579			2,579
Other comprehensive income					146	146
Committed to be released ESOP shares (7,200 shares)		71		73		144
Stock based compensation		4				4
Balance at end at Mar. 31, 2017	$ 66	$ 60,536	$ 38,335	$ (1,556)	$ 83	$ 97,464

CONSOLIDATED STATEMENTS OF CHA7

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) (Parenthetical) - shares	3 Months Ended		6 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016
Statement of Stockholders' Equity [Abstract]
Committed to be released ESOP shares	3,600	3,600	7,200	7,200

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Cash Flows from Operating Activities
Net income	$ 2,579	$ 2,610
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation expense	361	316
Provision for loan losses	1,657	375
Deferred income taxes expense	871	540
ESOP expense	144	120
Stock based compensation	4
Amortization of premiums and discounts on investment securities, net	480	607
(Accretions) amortization of loan origination fees and costs	(876)	823
Amortization of mortgage service rights	31	32
Net gain on sale of investment securities available-for-sale	(58)	(192)
Net gain on sale of secondary market loans	(75)	(70)
Proceeds on sale of secondary market loans	3,892	3,614
Originations of secondary market loans	(3,817)	(3,544)
Gain on sale of other real estate owned		(45)
Write down of other real estate owned		20
Earnings on bank-owned life insurance	(255)	(259)
Increase in accrued interest receivable	(619)	(138)
Increase in accrued interest payable	222	40
(Decrease) increase in other liabilities	(1,343)	281
Increase in other assets	(510)	(467)
Net Cash Provided by Operating Activities	2,688	4,663
Investment securities available-for-sale:
Purchases		(2,115)
Sales	3,903	29,541
Maturities, calls and principal repayments	151	637
Investment securities held-to-maturity:
Maturities, calls and principal repayments	3,379	4,881
(Loan originations) and principal collections, net	(179,329)	(124,985)
Proceeds from sale of other real estate owned		493
Proceeds from death benefit of bank-owned life insurance		1,049
Net decrease (increase) in restricted stock	27	(788)
Purchases of property and equipment	(620)	(271)
Net Cash Used in Investing Activities	(172,489)	(91,558)
Cash Flows from Financing Activities
Net increase in deposits	102,226	83,268
Net increase in short-term borrowings	10,000
Proceeds from long-term borrowings	70,000	50,000
Repayment of long-term borrowings	(70,000)	(30,000)
Increase in advances from borrowers for taxes and insurance	1,565	1,407
Proceeds from issuance of subordinate debt	25,000
Net Cash Provided by Financing Activities	138,791	104,675
Net (Decrease) Increase in Cash and Cash Equivalents	(31,010)	17,780
Cash and Cash Equivalent - Beginning	96,762	40,263
Cash and Cash Equivalent - Ending	65,752	58,043
Supplementary Cash Flows Information
Interest paid	$ 3,828	$ 3,146

Basis of Presentation

Basis of Presentation	6 Months Ended
	Mar. 31, 2017
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 eight full service financial center offices in Chester and Delaware Counties, Pennsylvania and a Private Banking Loan Production headquarters office in Morristown, New Jersey. The Bank has one subsidiary, Strategic Asset Management Group, Inc. (“SAMG”), a Pennsylvania corporation. As of December 15, 2016, SAMG holds a 100% ownership interest in Malvern Insurance Associates, LLC (“Malvern Insurance”), a Pennsylvania limited liability company. Malvern Insurance is a licensed insurance broker under Pennsylvania law. In preparing the unaudited consolidated financial statements, management has made estimates and assumptions that affect the reported amounts of assets and liabilities as of the dates of the unaudited consolidated statements of condition and that affect the results of operations for the periods presented. Actual results could differ significantly from those estimates. Material estimates that are particularly susceptible to change in the near term relate to the determination of the allowance for loan losses, other real estate owned, the evaluation of deferred tax assets 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, 2017
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	Note 2 – Recent Accounting Pronouncements In March 2017, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2017-08, “Premium Amortization on Purchased Callable Debt Securities.” This ASU shortens the amortization period for the premium on certain purchased callable debt securities to the earliest call date. Today, entities generally amortize the premium over the contractual life of the security. The new guidance does not change the accounting for purchased callable debt securities held at a discount; the discount continues to be amortized to maturity. ASU No. 2017-08 is effective for interim and annual reporting periods beginning after December 15, 2018; early adoption is permitted. The guidance calls for a modified retrospective transition approach under which a cumulative-effect adjustment will be made to retained earnings as of the beginning of the first reporting period in which the guidance is adopted. The Company is currently evaluating the provisions of ASU No. 2017-08 to determine the potential impact the new standard will have on the Company’s Consolidated Financial Statements. In March 2017, the FASB issued ASU No. 2017-07, “Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost.” The new guidance requires that the service cost component of net benefit costs of pension and postretirement benefit plans be reported in the same line item as other compensation costs in the Consolidated Statements of Income. The other components of net benefit cost will be required to be presented in a separate line item. The guidance also specifies that only the service cost component will be eligible for capitalization. This guidance is effective for fiscal years beginning after December 15, 2017 and interim periods within those fiscal years. The Company is currently evaluating the impact of adopting the new guidance on the Consolidated Financial Statements, but it is not expected to have a material impact. In November 2016, the FASB issued ASU 2016-18, “Statement of Cash Flows (Topic 230) Restricted Cash”. The new guidance requires restricted cash and restricted cash equivalents to be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. If restricted cash is presented separately from cash and cash equivalents on the balance sheet, companies will be required to reconcile the amounts presented on the statement of cash flows to the amounts on the balance sheet. Companies will also need to disclose information about the nature of the restrictions. The amendments in this update do not provide a definition of restricted cash or restricted cash equivalents. The guidance is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. In October 2016, the FASB issued ASU No. 2016-16, "Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory ". The ASU requires an entity to recognize the income tax consequences of intra-entity transfers of assets other than inventory at the time that the transfer occurs. Current guidance does not require recognition of tax consequences until the asset is eventually sold to a third party. ASU 2016-16 is effective for fiscal years, and interim periods within, beginning after December 15, 2017, with early adoption permitted as of the first interim period presented in a year. The Company is currently evaluating the impact of adopting the new guidance on the Consolidated Financial Statements, but it is not expected to have a material impact. In August 2016, the FASB issued ASU No. 2016-15, “Classification of Certain Cash Receipts and Cash Payments.” Current GAAP is unclear or does not include specific guidance on how to classify certain transactions in the statement of cash flows. This ASU is intended to reduce diversity in practice in how eight particular transactions are classified in the statement of cash flows. ASU No. 2016-15 is effective for interim and annual reporting periods beginning after December 15, 2017. Early adoption is permitted, provided that all of the amendments are adopted in the same period. Entities will be required to apply the guidance retrospectively. If it is impracticable to apply the guidance retrospectively for an issue, the amendments related to that issue would be applied prospectively. As this guidance only affects the classification within the statement of cash flows, ASU No. 2016-15 is not expected to have a material impact on the Company’s Consolidated Financial Statements. In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” which sets forth a “current expected credit loss” (“CECL”) model which requires the Company to measure all expected credit losses for financial instruments held at the reporting date based on historical experience, current conditions and reasonable supportable forecasts. This replaces the existing incurred loss model and will apply to the measurement of credit losses on financial assets measured at amortized cost and to some off-balance sheet credit exposures. This ASU will be effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. The Company has begun collecting and evaluating data and system requirements to implement this standard. The adoption of this update could have a material impact on the Company’s consolidated results of operations and financial condition. The extent of the impact is still unknown and will depend on many factors, such as the composition of the Company’s loan portfolio and expected loss history at adoption. In May 2016, the FASB issued ASU No. 2016-12 “Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients.” The guidance is intended to clarify the guidance previously issued in May 2014 related to the recognition of revenue from contracts with customers. The updated guidance includes narrow-scope improvements intended to address implementation issues and to provide additional practical expedients in the guidance. The updated guidance is effective for interim and annual reporting periods beginning after December 15, 2017. The Company does not expect the adoption of this guidance to have a material impact on its consolidated financial statements. In April 2016, the FASB issued ASU No. 2016-10 “Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing.” The guidance is intended to clarify the guidance previously issued in May 2014 related to the recognition of revenue from contracts with customers. The updated guidance is intended to reduce the cost and complexity of applying the guidance on identifying promised goods or services in a contract and to improve the operability and understandability of the implementation guidance regarding the licensing of intellectual property. The updated guidance is effective for interim and annual reporting periods beginning after December 15, 2017. The Company does not expect the adoption of this guidance to have a material impact on its consolidated financial statements. 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 has several lease agreements, such as branch locations, which are currently considered operating leases, and therefore, not recognized on the Company’s consolidated statements of condition. The Company expects the new guidance will require these lease agreements to now be recognized on the consolidated statements of condition as a right-of-use asset and a corresponding lease liability. Therefore, the Company’s preliminary evaluation indicates the provisions of ASU No. 2016-02 are expected to impact the Company’s consolidated statements of condition. However, the Company continues to evaluate the extent of potential impact the new guidance will have on the Company’s Consolidated Financial Statements.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Mar. 31, 2017
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. During the three and six months ended March 31, 2017, the Company granted stock options to purchase 7,000 shares of common stock and 12,552 restricted shares, which are considered CSEs. For the three months ended March 31, 2017, options to purchase 7,000 shares of common stock and 4,900 restricted shares were anti-dilutive. For the six months ended March 31, 2017, options to purchase 11,000 shares of common stock and 9,359 restricted shares were anti-dilutive. During the three and six months ended March 31, 2016, the Company granted stock options to purchase 5,000 shares of common stock and 2,240 restricted shares. 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) 2017 2016 2017 2016 Net Income $ 1,409 $ 1,266 $ 2,579 $ 2,610 Weighted average shares outstanding 6,565,461 6,560,713 6,562,865 6,559,587 Average unearned ESOP shares (138,152 ) (152,546 ) (139,966 ) (154,353 ) Basic weighted average shares outstanding 6,427,309 6,408,167 6,422,899 6,405,234 Plus: effect of dilutive options 623 — 370 — Diluted weighted average common shares outstanding 6,427,932 6,408,167 6,423,269 6,405,234 Earnings per share: Basic $ 0.22 $ 0.20 $ 0.40 $ 0.41 Diluted $ 0.22 $ 0.20 $ 0.40 $ 0.41

Employee Stock Ownership Plan

Employee Stock Ownership Plan	6 Months Ended
	Mar. 31, 2017
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 Pentegra. Shares of the Company’s common stock purchased by the ESOP are held until released for allocation to participants. Shares released are allocated to each eligible participant based on the ratio of each such participant’s base compensation to the total base compensation of all eligible plan participants. As the unearned shares are committed to be released and allocated among participants, the Company recognizes compensation expense equal to the fair value of the ESOP shares during the periods in which they become committed to be released. To the extent that the fair value of the ESOP shares released differs from the cost of such shares, the difference is charged or credited to additional paid-in capital. During the period from May 20, 2008 to September 30, 2008, the ESOP purchased 241,178 shares of 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, 2017 and 2016, there were 3,600 and 7,200 shares, respectively, committed to be released. At March 31, 2017, there were 136,365 unallocated shares and 122,853 allocated shares held by the ESOP which had an aggregate fair value of approximately $2.9 million.

Investment Securities

Investment Securities	6 Months Ended
	Mar. 31, 2017
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, 2017 and at September 30, 2016. Investment securities available-for-sale are reported at fair value with unrealized gains or losses included in equity, net of tax. Accordingly, the carrying value of such securities reflects their fair value at the balance sheet date. Fair value is based upon either quoted market prices, or in certain cases where there is limited activity in the market for a particular instrument, assumptions are made to determine their fair value. Transfers of debt securities from the available-for-sale category to the held-to-maturity category are made at fair value at the date of transfer. The unrealized holding gain or loss at the date of transfer remains in accumulated other comprehensive income and in the carrying value of the held-to-maturity investment security. Premiums or discounts on investment securities are amortized or accreted using the effective interest method over the life of the security as an adjustment of yield. Unrealized holding gains or losses that remain in accumulated other comprehensive income are amortized or accreted over the remaining life of the security as an adjustment of yield, offsetting the related amortization of the premium or accretion of the discount. The following tables present information related to the Company’s investment securities at March 31, 2017 and September 30, 2016. March 31, 2017 Amortized Gross Gross Fair (in thousands) Investment Securities Available-for-Sale: State and municipal obligations $ 20,847 $ 111 $ (10 ) $ 20,948 Single issuer trust preferred security 1,000 — (100 ) 900 Corporate debt securities 39,926 178 (530 ) 39,574 Mutual fund 250 — — 250 Total 62,023 289 (640 ) 61,672 Investment Securities Held-to-Maturity: U.S. government agencies $ 1,999 $ — $ (6 ) $ 1,993 State and municipal obligations 9,701 47 (30 ) 9,718 Corporate debt securities 3,867 — (90 ) 3,777 Mortgage-backed securities: Collateralized mortgage obligations, fixed-rate 21,493 — (540 ) 20,953 Total $ 37,060 $ 47 $ (666 ) $ 36,441 Total investment securities $ 99,083 $ 336 $ (1,306 ) $ 98,113 September 30, 2016 Amortized Gross Gross Fair (in thousands) Investment Securities Available-for-Sale: State and municipal obligations $ 24,751 $ 557 $ (1 ) $ 25,307 Single issuer trust preferred security 1,000 — (122 ) 878 Corporate debt securities 40,189 347 (334 ) 40,202 Total 65,940 904 (457 ) 66,387 Investment Securities Held-to-Maturity: U.S. government agencies $ 2,999 $ 16 $ — $ 3,015 State and municipal obligations 9,826 167 (1 ) 9,992 Corporate debt securities 3,916 77 — 3,993 Mortgage-backed securities: Collateralized mortgage obligations, fixed-rate 23,810 102 (95 ) 23,817 Total $ 40,551 $ 362 $ (96 ) $ 40,817 Total investment securities $ 106,491 $ 1,266 $ (553 ) $ 107,204 For the six months ended March 31, 2017, proceeds of available-for-sale investment securities sold amounted to approximately $3.9 million. Gross realized gains on investment securities sold amounted to approximately $58,000 for the period. For the six months ended March 31, 2016, proceeds of 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. 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, 2017 and September 30, 2016: March 31, 2017 Less than 12 Months 12 Months or longer Total Fair Unrealized Fair Unrealized Fair Unrealized (In thousands) Investment Securities Available-for-Sale: State and municipal obligations $ 4,636 $ (10 ) ​ $ — $ — $ 4,636 $ (10 ) Single issuer trust preferred security — — ​ 900 (100 ) 900 (100 ) Corporate debt securities 14,551 (188 ) 8,041 (342 ) 22,592 (530 ) Total $ 19,187 $ (198 ) $ 8,941 $ (442 ) $ 28,128 $ (640 ) Investment Securities Held-to-Maturity: U.S. government agencies 1,993 (6 ) — — 1,993 (6 ) State and municipal obligations 3,554 (30 ) — — 3,554 (30 ) Corporate debt securities 3,777 (90 ) — — 3,777 (90 ) Mortgage-backed securities: CMO, fixed-rate 13,530 (268 ) 7,233 (272 ) 20,763 (540 ) Total 22,854 (394 ) 7,233 (272 ) 30,087 (666 ) Total investment securities $ 42,041 $ (592 ) $ 16,174 $ (714 ) $ 58,215 $ (1,306 ) September 30, 2016 Less than 12 Months 12 Months or longer Total Fair Unrealized Fair Unrealized Fair Unrealized (In thousands) Investment Securities Available-for-Sale: State and municipal obligations $ 501 $ (1 ) $ — $ — $ 501 $ (1 ) Single issuer trust preferred security — — 878 (122 ) 878 (122 ) Corporate debt securities 984 (9 ) 10,614 (325 ) 11,598 (334 ) Total $ 1,485 $ (10 ) $ 11,492 $ (447 ) $ 12,977 $ (457 ) Investment Securities Held-to-Maturity: State and municipal obligations 1,193 (1 ) — — 1,193 (1 ) Mortgage-backed securities: CMO, fixed-rate 4,342 (17 ) 6,283 (78 ) 10,625 (95 ) Total 5,535 (18 ) 6,283 (78 ) 11,818 (96 ) Total investment securities $ 7,020 $ (28 ) $ 17,775 $ (525 ) $ 24,795 $ (553 ) As of March 31, 2017, 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, 2017, the Company held two U.S. government agency securities, nine municipal bonds, 14 corporate securities, 36 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, 2017 represents other-than-temporary impairment. Investment securities having a carrying value of approximately $513,000 and $552,000 at March 31, 2017 and September 30, 2016, respectively, were pledged to secure public deposits. The following table presents information for investment securities at March 31, 2017, 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, 2017 Amortized Cost Fair Value (in thousands) Investment Securities Available-for-Sale: Due in one year or less $ — $ — Due after one year through five years 23,199 23,147 Due after five years through ten years 31,123 30,867 Due after ten years 7,701 7,658 Total $ 62,023 $ 61,672 Investment Securities Held-to-Maturity: Due after one year through five years $ 1,999 $ 1,992 Due after five years through ten years 5,778 5,705 Due after ten years 29,283 28,744 Total $ 37,060 $ 36,441 Total investment securities $ 99,083 $ 98,113

Loans Receivable and Related Al

Loans Receivable and Related Allowance for Loan Losses	6 Months Ended
	Mar. 31, 2017
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, 2017 2016 (in thousands) Residential mortgage $ 192,775 $ 209,186 Construction and Development: Residential and commercial 46,721 18,579 Land 14,322 10,013 Total Construction and Development 61,043 28,592 Commercial: Commercial real estate 383,170 231,439 Multi-family 12,838 19,515 Other 63,551 38,779 Total Commercial 459,559 289,733 Consumer: Home equity lines of credit 19,214 19,757 Second mortgages 25,103 29,204 Other 1,512 1,914 Total Consumer 45,829 50,875 Total loans 759,206 578,386 Deferred loan fees and cost, net 683 1,208 Allowance for loan losses (7,181 ) (5,434 ) Total loans receivable, net $ 752,708 $ 574,160 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, 2017 and September 30, 2016. Activity in the allowance is presented for the three and six months ended March 31, 2017 and 2016 and the year ended September 30, 2016, respectively. Three Months Ended March 31, 2017 Construction and Commercial Consumer Residential Residential Land Commercial Multi- Other Home Second Other Unallocated Total (in thousands) Allowance for loan losses: Beginning balance $ 1,162 $ 874 $ 90 $ 2,215 $ 106 $ 208 $ 111 $ 408 $ 28 $ 975 $ 6,177 Charge-offs - - - - - - - (50 ) - - (50 ) Recoveries - - - 26 - 1 1 25 4 - 57 Provision (credit) (120 ) 469 38 238 (39 ) 160 (5 ) 32 (12 ) 236 997 Ending Balance $ 1,042 $ 1,343 $ 128 $ 2,479 $ 67 $ 369 $ 107 $ 415 $ 20 $ 1,211 $ 7,181 Three Months Ended March 31, 2016 Construction and Commercial Consumer Residential Residential Land Commercial Multi- Other Home Second 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 (credit) 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 Six Months Ended March 31, 2017 Construction and Commercial Consumer Residential Residential Land Commercial Multi- Other Home Second Other Unallocated Total (in thousands) Allowance for loan losses: Beginning balance $ 1,201 $ 199 $ 97 $ 1,874 $ 109 $ 158 $ 116 $ 467 $ 34 $ 1,179 $ 5,434 Charge-offs - - - - - - - (121 ) (5 ) - (126 ) Recoveries - 90 - 30 - 6 2 82 6 - 216 Provisions (159 ) 1,054 31 575 (42 ) 205 (11 ) (13 ) (15 ) 32 1,657 Ending Balance $ 1,042 $ 1,343 $ 128 $ 2,479 $ 67 $ 369 $ 107 $ 415 $ 20 $ 1,211 $ 7,181 Ending balance: $ - $ - $ - $ - $ - $ 116 $ - $ 99 $ - $ - $ 215 Ending balance: $ 1,042 $ 1,343 $ 128 $ 2,479 $ 67 $ 253 $ 107 $ 316 $ 20 $ 1,211 $ 6,966 Loans receivable: Ending balance $ 192,775 $ 46,721 $ 14,322 $ 383,170 $ 12,838 $ 63,551 $ 19,214 $ 25,103 $ 1,512 $ 759,206 Ending balance: $ 2,094 $ 109 $ - $ 752 $ - $ 249 $ 60 $ 174 $ - $ 3,438 Ending balance: $ 190,681 $ 46,612 $ 14,322 $ 382,418 $ 12,838 $ 63,302 $ 19,154 $ 24,929 $ 1,512 $ 755,768 Six Months Ended March 31, 2016 Construction and Commercial Consumer Residential Residential Land Commercial Multi- Other Home Second 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: $ - $ - $ - $ - $ - $ - $ - $ 24 $ - $ - $ 24 Ending balance: $ 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: $ 624 $ 121 $ - $ 1,468 $ - $ - $ 20 $ 197 $ - $ 2,430 Ending balance: $ 213,583 $ 10,675 $ 7,755 $ 171,692 $ 20,548 $ 34,585 $ 21,692 $ 33,790 $ 2,041 $ 516,361 Year Ended September 30, 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 $ 1,486 $ 30 $ 35 $ 1,235 $ 104 $ 108 $ 139 $ 761 $ 24 $ 745 $ 4,667 Charge-offs (9 ) (91 ) - (99 ) - - - (291 ) (70 ) - (560 ) Recoveries 17 243 - 3 - 3 1 100 13 - 380 Provisions (293 ) 17 62 735 5 47 (24 ) (103 ) 67 434 947 Ending Balance $ 1,201 $ 199 $ 97 $ 1,874 $ 109 $ 158 $ 116 $ 467 $ 34 $ 1,179 $ 5,434 Ending balance: $ - $ - $ - $ - $ - $ - $ - $ 23 $ - $ - $ 23 Ending balance: $ 1,201 $ 199 $ 97 $ 1,874 $ 109 $ 158 $ 116 $ 444 $ 34 $ 1,179 $ 5,411 Loans receivable: Ending balance $ 209,186 $ 18,579 $ 10,013 $ 231,439 $ 19,515 $ 38,779 $ 19,757 $ 29,204 $ 1,914 $ 578,386 Ending balance: $ 1,159 $ 109 $ - $ 2,039 $ - $ - $ 74 $ 277 $ - $ 3,658 Ending balance: $ 208,027 $ 18,470 $ 10,013 $ 229,400 $ 19,515 $ 38,779 $ 19,683 $ 28,927 $ 1,914 $ 574,728 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, 2017 and September 30, 2016. Impaired Loans With Impaired Total Impaired Loans Recorded Related Recorded Recorded Unpaid (In thousands) March 31, 2017: Residential mortgage $ — $ — $ 2,094 $ 2,094 $ 2,215 Construction and Development: Residential and commercial — — 109 109 109 Commercial: Commercial real estate — — 752 752 758 Other 249 116 — 249 249 Consumer: Home equity lines of credit — — 60 60 81 Second mortgages 112 99 62 174 200 Total impaired loans $ 361 $ 215 $ 3,077 $ 3,438 $ 3,612 September 30, 2016: Residential mortgage $ — $ — $ 1,159 $ 1,159 $ 1,225 Construction and Development: Residential and commercial — — 109 109 109 Commercial: Commercial real estate — — 2,039 2,039 2,039 Consumer: Home equity lines of credit — — 74 74 90 Second mortgages 31 23 246 277 451 Total impaired loans $ 31 $ 23 $ 3,627 $ 3,658 $ 3,914 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, 2017 and 2016. Three Months Ended March 31, 2017 Six Months Ended March 31, 2017 (in thousands) Average Interest Income Average Interest Residential mortgage $ 2,178 $ 13 $ 2,099 $ 33 Construction and Development: Residential and commercial 109 1 109 2 Commercial: Commercial real estate 755 5 1,187 9 Other 86 2 43 2 Consumer: Home equity lines of credit 60 — 65 — Second mortgages 139 — 184 1 Total $ 3,327 $ 21 $ 3,687 $ 47 Three Months Ended March 31, 2016 Six Months Ended March 31, 2016 (in thousands) Average Interest Income Average Interest 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 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, 2017 and September 30, 2016. March 31, 2017 Pass Special Substandard Doubtful Total (in thousands) Residential mortgage $ 190,419 $ 119 $ 2,237 $ — $ 192,775 Construction and Development: Residential and commercial 46,612 — 109 — 46,721 Land 8,606 — 5,716 — 14,322 Commercial: Commercial real estate 375,626 4,847 2,697 — 383,170 Multi-family 12,631 207 — — 12,838 Other 62,639 — 912 — 63,551 Consumer: Home equity lines of credit 19,055 — 159 — 19,214 Second mortgages 24,443 115 545 — 25,103 Other 1,503 8 1 — 1,512 Total $ 741,534 $ 5,296 $ 12,376 $ — $ 759,206 September 30, 2016 Pass Special Substandard Doubtful Total (in thousands) Residential mortgage $ 207,880 $ 122 $ 1,184 $ — $ 209,186 Construction and Development: Residential and commercial 18,470 — 109 — 18,579 Land 10,013 — — — 10,013 Commercial: Commercial real estate 221,742 4,990 4,707 — 231,439 Multi-family 19,303 212 — — 19,515 Other 37,848 259 672 — 38,779 Consumer: Home equity lines of credit 19,584 — 173 — 19,757 Second mortgages 27,843 119 1,242 — 29,204 Other 1,903 11 — — 1,914 Total $ 564,586 $ 5,713 $ 8,087 $ — $ 578,386 The following table presents loans that are no longer accruing interest by portfolio class. March 31, September 30, 2017 2016 (in thousands) Residential mortgage $ 1,225 $ 1,072 Commercial: Commercial real estate 188 193 Consumer Home equity lines of credit 60 74 Second mortgages 93 278 Total non-accrual loans $ 1,566 $ 1,617 Under the Bank’s loan policy, once a loan has been placed on non-accrual status, we do not resume interest accruals until the loan has been brought current and has maintained a current payment status for not less than six consecutive months. Interest income that would have been recognized on nonaccrual loans had they been current in accordance with their original terms was approximately $12,000 and $15,000 for the three months ended March 31, 2017 and 2016, respectively, and was $23,000 and $21,000 for the six months ended March 31, 2017 and 2016, respectively. At March 31, 2017 and September 30, 2016 there were approximately $122,000 and $696,000, respectively, loans past due 90 days or more and still accruing interest. 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, 2017 and September 30, 2016. Current 30- 60- 90 Total Total Loans Accruing (in thousands) March 31, 2017: Residential mortgage $ 189,751 $ 1,921 $ 144 $ 959 $ 3,024 $ 192,775 $ 20 Construction and Development: Residential and commercial 46,721 — — — — 46,721 — Land 14,322 — — — — 14,322 — Commercial Commercial real estate 383,615 555 — — 555 383,170 — Multi-family 12,838 — — — — 12,838 — Other 63,551 — — — — 63,551 — Consumer Home equity lines of credit 19,064 141 — 9 150 19,214 — Second mortgages 24,337 504 124 138 766 25,103 101 Other 1,510 1 — 1 2 1,512 1 Total $ 754,709 $ 3,122 $ 268 $ 1,107 $ 4,497 $ 759,206 $ 122 Current 30- 60- 90 Total Total Loans Accruing (in thousands) September 30, 2016: Residential mortgage $ 204,816 $ 1,750 $ 1,345 $ 1,275 $ 4,370 $ 209,186 $ 509 Construction and Development: Residential and commercial 18,579 — — — — 18,579 — Land 10,013 — — — — 10,013 — Commercial: Commercial real estate 231,059 — — 380 380 231,439 187 Multi-family 19,515 — — — — 19,515 — Other 38,433 346 — — 346 38,779 — Consumer Home equity lines of credit 19,513 170 43 31 244 19,757 — Second mortgages 27,933 473 566 232 1,271 29,204 — Other 1,913 1 — — 1 1,914 — Total $ 571,774 $ 2,740 $ 1,954 $ 1,918 $ 6,612 $ 578,386 $ 696 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 11 and seven loans classified as TDRs with an aggregate outstanding balance of $2.1 million and $2.2 million at March 31, 2017 and September 30, 2016, respectively. At March 31, 2017, these loans were also classified as impaired. Eight of the TDR loans continue to perform under the restructured terms through March 31, 2017 and we continued to accrue interest on such loan through such date. The decrease in TDRs at March 31, 2017 compared to September 30, 2016 was primarily due to two commercial loans, with an aggregate outstanding balance of approximately $1.3 million, being paid off during the first six months of fiscal 2017. These decreases were offset by two residential mortgage loans with an aggregate outstanding balance of $655,000 and one second mortgage loan with an outstanding balance of approximately $54,000 being classified as a performing TDR during the first six months of fiscal 2017. In addition, one residential mortgage loan with an outstanding balance of $230,000, one commercial real estate loan with an outstanding balance of $188,000 and one second mortgage loan with an outstanding balance of approximately $25,000 were classified as non-performing TDRs. 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. Problem loans may arise in which, due to financial difficulties experienced by the borrower, the Company obtains through physical possession one or more collateral assets in satisfaction of all or part of an existing credit. Once possession is obtained, the Company reclassifies the appropriate portion of the remaining balance of the credit from loans to OREO, which is included within other assets in the Consolidated Statements of Financial Condition. For any residential real estate property collateralizing a consumer mortgage loan, the Company is considered to possess the related collateral only if legal title is obtained upon completion of foreclosure, or the borrower conveys all interest in the residential real estate property to the Company through completion of a deed in lieu of foreclosure or similar legal agreement. The Company had $690,000 and $141,000 of residential real estate properties in the process of foreclosure at March 31, 2017 and September 30, 2016, respectively. The following table presents our TDR loans as of March 31, 2017 and September 30, 2016. Total Troubled Debt Troubled Debt Restructured Number of Recorded Number of Recorded (Dollars in thousands) At March 31, 2017: Residential mortgage 5 $ 1,126 1 $ 230 Construction and Development: Residential and commercial 1 109 — — Commercial Commercial real estate 3 752 1 188 Consumer Second mortgages 2 79 1 25 Total 11 $ 2,066 3 $ 443 At September 30, 2016: Residential mortgage 2 $ 224 1 $ 139 Construction and Development: Residential and commercial 1 109 — — Commercial Commercial real estate 4 1,845 — — Total 7 $ 2,178 1 $ 139 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, 2017 September 30, 2016 Performing Non- Performing Non- (In thousands) Residential mortgage $ 896 $ 230 $ 85 $ 139 Construction and Development: Residential and commercial 109 — 109 — Commercial: Commercial real estate 564 188 1,845 — Consumer: Second mortgages 54 25 — — Total $ 1,623 $ 443 $ 2,039 $ 139 The following table shows the activity in loans which were first deemed to be TDRs during the three and six months ended March 31, 2017 and 2016. For the Three Months Ended March 31, 2017 2016 Restructured During Period Number Pre- Post- Number Pre- Post- (In thousands) Troubled Debt Restructurings: Residential mortgage 1 $ 234 $ 234 - $ - $ - Commercial Commercial real estate 1 193 193 - - - Consumer Second mortgages 2 81 81 - - - Total 4 $ 508 $ 508 - $ - $ - For the Six Months Ended March 31, 2017 2016 Restructured During Period Number Pre- Post- Number Pre- Post- (In thousands) Troubled Debt Restructurings: Residential mortgage 3 $ 889 $ 889 - $ - $ - Commercial Commercial real estate 1 193 193 - - - Consumer Second mortgages 2 81 81 - - - Total 6 $ 1,163 $ 1,163 - $ - $ -

Regulatory Matters

Regulatory Matters	6 Months Ended
	Mar. 31, 2017
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 subordinated debentures were structured to qualify as Tier 2 capital for regulatory purposes. As of March 31, 2017, 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, 2017 and September 30, 2016: 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, 2017: Tier 1 Leverage (to average assets) $ 94,039 10.32 % $ 36,458 4.00 % $ 45,572 5.00 % Common Equity Tier 1 Capital (to risk weighted assets) 94,039 12.08 % 35,029 4.50 % 50,597 6.50 % Tier 1 Capital (to risk weighted assets) 94,039 12.08 % 46,705 6.00 % 62,274 8.00 % Total Capital (to risk weighted assets) 125,795 16.16 % 62,274 8.00 % 77,842 10.00 % As of September 30, 2016: Tier 1 Leverage (to average assets) $ 90,310 11.45 % $ 31,561 4.00 % $ 39,452 5.00 % Common Equity Tier 1 Capital (to risk weighted assets) 90,310 15.11 % 26,894 4.50 % 38,847 6.50 % Tier 1 Capital (to risk weighted assets) 90,310 15.11 % 35,859 6.00 % 47,812 8.00 % Total Capital (to risk weighted assets) 95,806 16.03 % 47,812 8.00 % 59,765 10.00 % The following table summarizes the Bank’s compliance with applicable regulatory capital requirements as of March 31, 2017 and September 30, 2016: 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, 2017: Tier 1 Leverage (to average assets) $ 112,436 12.35 % $ 36,428 4.00 % $ 45,535 5.00 % Common Equity Tier 1 Capital (to risk weighted assets) 112,436 14.53 % 34,834 4.50 % 50,315 6.50 % Tier 1 Capital (to risk weighted assets) 112,436 14.53 % 46,445 6.00 % 61,927 8.00 % Total Capital (to risk weighted assets) 119,697 15.46 % 61,927 8.00 % 77,408 10.00 % As of September 30, 2016: Tier 1 Leverage (to average assets) $ 85,030 10.79 % $ 31,533 4.00 % $ 39,417 5.00 % Common Equity Tier 1 Capital (to risk weighted assets) 85,030 14.24 % 26,875 4.50 % 38,820 6.50 % Tier 1 Capital (to risk weighted assets) 85,030 14.24 % 35,834 6.00 % 47,779 8.00 % Total Capital (to risk weighted assets) 90,526 15.16 % 47,779 8.00 % 59,723 10.00 %

Derivatives and Hedging Activit

Derivatives and Hedging Activities	6 Months Ended
	Mar. 31, 2017
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 (Loss) and is subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. At March 31, 2017, 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, 2017 and 2016. Amounts reported in accumulated other comprehensive income (loss) related to derivatives will be reclassified to interest expense as interest payments are made on the Company’s variable-rate debt. During the next twelve months, the Company estimates approximately $50,000 to be reclassified to earnings as an increase to interest expense. The Company is hedging its exposure to the variability in future cash flows for forecasted transactions over a maximum period of twenty months (excluding forecasted transactions related to the payment of variable interest on existing financial instruments). The 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, 2017 and September 30, 2016: March 31, 2017 Notional Fair Balance Sheet Expiration Date (dollars in thousand) Derivatives designated as hedging instruments Interest rate swaps by effective date: August 3, 2015 $ 15,000 $ 23 Other assets August 3, 2020 February 5, 2016 20,000 455 Other assets February 1, 2021 September 30, 2016 Notional Fair Balance Sheet Expiration Date (dollars in thousand) Derivatives designated as hedging instruments Interest rate swaps by effective date: August 3, 2015 $ 15,000 $ 394 Other liabilities August 3, 2020 February 5, 2016 20,000 148 Other liabilities February 1, 2021 The tables below presents the net gains (losses) recorded in accumulated other comprehensive income (loss) and the Consolidated Statements of Operations relating to the cash flow derivative instruments for the three and six months ended March 31, 2017 and 2016. For the Three Months Ended March 31, 2017 Amount of Gain Amount of Gain Amount of Gain (Loss) (in thousands) August 3, 2015 $ 13 $ (30 ) $ — February 5, 2016 16 (16 ) — For the Six Months Ended March 31, 2017 Amount of Gain Amount of Gain Amount of Gain (Loss) (in thousands) August 3, 2015 $ 351 $ (66 ) $ — February 5, 2016 564 (39 ) — For the Three Months Ended March 31, 2016 Amount of Gain Amount of Gain Amount of Gain (Loss) (in thousands) August 3, 2015 $ (397 ) $ (48 ) $ — February 5, 2016 (166 ) (21 ) — For the Six Months Ended March 31, 2016 Amount of Gain Amount of Gain Amount of Gain (Loss) (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, 2017, the fair value of derivatives was not in a net a liability position, which includes accrued interest but excludes any adjustment for nonperformance risk, related to these agreements was zero. At September 30, 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 $586,000. At March 31, 2017 and September 30, 2016, the Company has minimum collateral posting thresholds with certain of its derivative counterparties and has posted collateral of zero and $800,000, respectively, against its obligations under these agreements. If the Company had breached any of these provisions at March 31, 2017 or at September 30, 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.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Mar. 31, 2017
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, 2017 or September 30, 2016. The table below presents the balances of assets measured at fair value on a recurring basis: March 31, 2017 Total Level 1 Level 2 Level 3 (in thousands) Assets: Investment securities available-for-sale: Debt securities: State and municipal obligations $ 20,948 $ — $ 20,948 $ — Single issuer trust preferred security 900 — 900 — Corporate debt securities 39,574 — 39,574 — Mutual fund 250 250 — — Total investment securities available-for-sale 61,672 250 61,422 — Derivative instruments $ 478 $ — $ 478 $ — September 30, 2016 Total Level 1 Level 2 Level 3 (in thousands) Assets: Investment securities available-for-sale: Debt securities: State and municipal obligations $ 25,307 $ — $ 25,307 $ — Single issuer trust preferred security 878 — 878 — Corporate debt securities 40,202 — 40,202 — Total investment securities available-for-sale 66,387 — 66,387 — Liabilities Derivative instruments $ 542 $ — $ 542 $ — 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, 2017 and September 30, 2016: March 31, 2017 Total Level 1 Level 2 Level 3 (in thousands) Impaired loans (1) $ 146 $ — $ — $ 146 Total $ 146 $ — $ — $ 146 March 31, 2017 Fair Value at Valuation Technique Unobservable Input Range/(Weighted (dollars in thousands) Impaired loans (1) $ 146 Appraisal of collateral (2) Collateral discounts (3) 0%/(0%) Total $ 146 (1) At March 31, 2017, consisted of four loans with an aggregate balance of $361,000 and with $215,000 in specific loan loss allowance. (2) Fair value is generally determined through independent appraisals of the underlying collateral primarily using comparable sales. (3) Appraisals may be adjusted by management for qualitative factors such as time, changes in economic conditions and estimated liquidation expense. September 30, 2016 Total Level 1 Level 2 Level 3 (in thousands) Impaired loans (1) $ 8 $ — $ — $ 8 Total $ 8 $ — $ — $ 8 September 30, 2016 Fair Value at Valuation Technique Unobservable Input Range/(Weighted (dollars in thousands) Impaired loans (1) $ 8 Appraisal of collateral (2) Collateral discounts (3) 0%/(0%) Total $ 8 (1) At September 30, 2016, consisted of one loan with an aggregate balance of $31,000 and with $23,000 in specific loan loss allowance. (2) Fair value is generally determined through independent appraisals of the underlying collateral primarily using comparable sales. (3) Appraisals may be adjusted by management for qualitative factors such as time, changes in economic conditions and estimated liquidation expense. During the six months ended March 31, 2017 and 12 months ended September 30, 2016, the Company did not have any additions to our mortgage servicing assets. During the six months ended March 31, 2017 and 12 months ended September 30, 2016, the Company only sold loans with servicing released. The following disclosure of the estimated fair value of financial instruments is made in accordance with the requirements of FASB ASC 825. The estimated fair value amounts have been determined by the Company using available market information and appropriate valuation methods. However, considerable judgment is necessarily required to interpret market data to develop the estimates of fair value. Accordingly, the estimates presented herein are not necessarily indicative of the amounts the Company would realize in a current market exchange. The use of different market assumptions and/or estimation methodologies may have a material effect on the estimated fair value amounts. FASB ASC 825 excludes certain financial instruments and all non-financial instruments from its disclosure requirements. Accordingly, the aggregate fair value amounts presented may not necessarily represent the underlying fair value of the Company. The fair value estimates presented herein are based on pertinent information available to management as of March 31, 2017 and September 30, 2016. 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, 2017 and September 30, 2016 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 for changes in relevant valuation factors subsequent to the appraisal date and are considered level 3 inputs. Accrued Interest Receivable Restricted Stock Other Real Estate Owned Deposits Long-Term Borrowings Short-Term Borrowings— Subordinated Debt— 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, 2017 and September 30, 2016 are presented below: Carrying Fair Value Level 1 Level 2 Level 3 (in thousands) March 31, 2017: Financial assets: Cash and cash equivalents $ 65,752 $ 65,752 $ 65,752 $ — $ — Investment securities available-for-sale 61,672 61,672 250 61,422 — Investment securities held-to-maturity 37,060 36,441 — 36,441 — Loans receivable, net (including impaired loans) 752,708 753,835 — — 753,835 Accrued interest receivable 3,177 3,177 — 3,177 — Restricted stock 5,397 5,397 — 5,397 — Mortgage servicing rights (included in Other Assets) 297 312 — 312 — Derivatives (included in Other Assets) 478 478 — 478 — Financial liabilities: Savings accounts 43,913 43,913 — 43,913 — Checking and NOW accounts 147,828 147,828 — 147,828 — Money market accounts 251,671 251,671 — 251,671 — Certificates of deposit 260,860 263,123 — 263,123 — FHLB advances 118,000 118,857 — 118,857 — Short-term borrowing 10,000 10,000 — 10,000 — Subordinated debt 25,000 25,000 — 25,000 — Accrued interest payable 649 649 — 649 — September 30, 2016: Financial assets: Cash and cash equivalents $ 96,762 $ 96,762 $ 96,762 $ — $ — Investment securities available-for-sale 66,387 66,387 — 66,387 — Investment securities held-to-maturity 40,551 40,817 — 40,817 — Loans receivable, net (including impaired loans) 574,160 589,844 — — 589,844 Accrued interest receivable 2,558 2,558 — 2,558 — Restricted stock 5,424 5,424 — 5,424 — Mortgage servicing rights (included in Other Assets) 328 308 — 308 — Financial liabilities: Savings accounts 44,714 44,714 — 44,714 Checking and NOW accounts 129,588 129,588 — 129,588 — Money market accounts 177,486 177,486 — 177,486 — Certificates of deposit 250,258 252,232 — 252,232 — FHLB advances 118,000 119,946 — 119,946 — Derivatives (included in Other Liabilities) 542 542 — 542 — Accrued interest payable 427 427 — 427 —

Income Taxes

Income Taxes	6 Months Ended
	Mar. 31, 2017
Income Tax Disclosure [Abstract]
Income Taxes	Note 10 – Income Taxes Deferred income taxes at March 31, 2017 and September 30, 2016 were as follows: March 31, September 30, 2017 2016 (in thousands) Deferred Tax Assets: Unrealized loss on investments available-for-sale $ 119 $ — Allowance for loan losses 3,894 3,299 Non-accrual interest 39 56 Alternative minimum tax (AMT) credit carryover 390 287 Low-income housing tax credit carryover 217 217 Supplement Employer Retirement Plan 415 412 Charitable contributions 70 61 Depreciation 116 60 Federal net operating loss 2,734 4,344 Other 455 651 Total Deferred Tax Assets 8,449 9,387 Valuation allowance for DTA (70 ) (61 ) Total Deferred Tax Assets, Net of Valuation Allowance 8,379 9,326 Deferred Tax Liabilities: Unrealized gain on investment available-for-sale — (152 ) Unrealized gain on derivatives (162 ) — Mortgage servicing rights (101 ) (112 ) Other (235 ) (235 ) Total Deferred Tax Liabilities (498 ) (499 ) Deferred Tax Assets, Net $ 7,881 $ 8,827

Comprehensive Income (Loss)

Comprehensive Income (Loss)	6 Months Ended
	Mar. 31, 2017
Equity [Abstract]
Comprehensive Income (Loss)	Note 11 – Comprehensive Income (Loss) The components of accumulated other comprehensive income (loss) included in shareholders’ equity are as follows: March 31, September 30, 2017 2016 (In thousands) Net unrealized holding (losses) gains on available-for-sale securities $ (351 ) $ 447 Tax effect 119 (152 ) Net of tax amount (232 ) 295 Fair value adjustments on derivatives 478 (542 ) Tax effect (163 ) 184 Net of tax amount 315 (358 ) Total accumulated other comprehensive income (loss) $ 83 $ (63 ) 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) 2017 2016 2017 2016 Net unrealized holding gains (losses) on available-for-sale securities $ 352 $ 1,620 $ (745 ) $ 1,139 Net realized gains on securities available- for-sale (58 ) (61 ) (58 ) (192 ) Amortization (accretion) of unrealized holding losses on securities available-for- sale transferred to held-to-maturity 2 2 6 4 Fair value adjustments on derivatives 74 (494 ) 1,019 (249 ) Other comprehensive income before taxes 370 1,067 222 702 Tax effect (127 ) (363 ) (76 ) (133 ) Total comprehensive income $ 243 $ 704 $ 146 $ 569

Equity Based Incentive Compensa

Equity Based Incentive Compensation Plan	6 Months Ended
	Mar. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Equity Based Incentive Compensation Plan	Note 12 – Equity Based Incentive Compensation Plan The Company maintains the Malvern Bancorp, Inc. 2014 Long-Term Incentive Compensation Plan (the “2014 Plan”), which permits the grant of long-term incentive and other stock and cash awards. The purpose of the 2014 Plan is to promote the success of the Company and the Bank by providing incentives to officers, employees and directors of the Company and the Bank that will link their personal interests to the financial success of the Company and to growth in shareholder value. The maximum total number of shares of the Company’s common stock available for grants under the 2014 Plan is 400,000. As of March 31, 2017, there were 374,789 remaining shares available for future grants. Restricted stock and option awards granted vest in 20% increments beginning on the one year anniversary of the grant date, and accelerate upon a change in control of the Company. The options generally expire ten years from the date of grant. All issuances are subject to forfeiture if the recipient leaves or is terminated prior to the award’s vesting. Shares of restricted stock have the same dividend and voting rights as common stock while options do not. All awards are issued at fair value of the underlying shares at the grant date. The Company expenses the cost of the awards, which is determined to be the fair market value of the awards at the date of grant. During the three and six months ended March 31, 2017 and 2016, stock options covering a total of 7,000 and 5,000 shares of common stock, respectively, were granted. The compensation expense related to stock options for the three and six months ended March 31, 2017 was $1,000 and $2,000, respectively. During the three and six months ended March 31, 2017 and 2016, a total of 12,522 and 2,200 restricted shares, respectively, were awarded. The compensation expense related to restricted stock awards for the three and six months ended March 31, 2017 was $1,000 and $2,000, respectively. Stock-based compensation expense for the cost of the awards granted is based on the grant-date fair value. For stock option awards, the fair value is estimated at the date of grant using the Black-Scholes option-pricing model. This model requires the input of highly subjective assumptions, changes to which can materially affect the fair value estimate. Additionally, there may be other factors that would otherwise have a significant effect on the value of employee stock options that have been granted, but are not considered by the model. Accordingly, while management believes that the Black-Scholes option-pricing model provides a reasonable estimate of fair value, the model does not necessarily provide the best single measure of fair value for the Company’s employee stock options. The assumptions used in determining the fair value of stock option grants for the quarter ended March 31, 2017 are as follows: Weighted average fair value of awards $ 6.99 Risk-free rate 2.17 % Dividend yield - % Volatility 28.23 % Expected life 6.5 years Stock option activity as of March 31, 2017 and changes during the six months ended March 31, 2017 were as follows: Shares Weighted Weighted Aggregate Outstanding, beginning of fiscal year 5,000 $ 16.02 $ 1,980 Granted 7,000 21.00 — Exercised — — — Forfeited/cancelled/expired (1,000 ) 16.02 4,780 Outstanding, at March 31, 2017 11,000 19.19 9.630 20,523 Vested and exercisable, end of the period 800 16.02 8.999 4,028.80 Vested and unvested exercisable, end of the period 800 16.02 8.999 4,028.80 Vested and expected to vest, at March 31, 2017 11,000 $ 19.19 9.630 $ 20,523 The table below summarizes the activity for the Company’s restricted stock outstanding during the six months ended March 31, 2017: Shares Weighted Nonvested at September 30, 2016 1,930 $ 17.40 Granted 12,522 20.79 Vested (337 ) 21.15 Forfeited/cancelled/expired (241 ) 17.40 Nonvested at March 31, 2017 13,874 $ 20.36 As of March 31, 2017, there was $213,000 of total unrecognized compensation cost related to nonvested shares of restricted stock granted under the Plan. The cost is expected to be recognized over a weighted average period of 9.77 years. As of March 31, 2017, there was $65,000 of total unrecognized compensation cost related to nonvested options to purchase 11,000 shares of common stock granted under the Plan. The cost is expected to be recognized over a weighted average period of 9.63 years.

Subordinated Debt

Subordinated Debt	6 Months Ended
	Mar. 31, 2017
Debt Disclosure [Abstract]
Subordinated Debt	Note 13 – Subordinated Debt On February 7, 2017, the Company issued $25.0 million in aggregate principal amount of its 6.125% fixed-to-floating rate subordinated notes due 2027 (the “Notes”). The Notes have a stated maturity of February 15, 2027, are redeemable, in whole or in part, on or after February 15, 2022, and at any time upon the occurrences of certain events. The Notes bear interest at a fixed rate of 6.125% per year, from and including February 7, 2017 to, but excluding February 15, 2022. From and including February 15, 2022 to the maturity date or earlier redemption date, the interest rate will reset quarterly at a variable rate equal to the then current 3-month LIBOR plus 414.5 basis points. The Notes were structured to qualify as Tier 2 capital for regulatory purposes. The Company’s subordinated debt totaled $25.0 million at March 31, 2017. The Company may not redeem the Notes prior to February 15, 2022, except that the Company may redeem the Notes at any time, at its option, in whole but not in part, subject to obtaining any required regulatory approvals, if (i) a change or prospective change in law occurs that could prevent the Company from deducting interest payable on the Notes for U.S. federal income tax purposes, (ii) a subsequent event occurs that precludes the Notes from being recognized as Tier 2 capital for regulatory capital purposes, or (iii) the Company is required to register as an investment company under the Investment Company Act of 1940, as amended, in each case, at a redemption price equal to 100% of the principal amount of the Notes plus any accrued and unpaid interest through, but excluding, the redemption date.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Mar. 31, 2017
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) 2017 2016 2017 2016 Net Income $ 1,409 $ 1,266 $ 2,579 $ 2,610 Weighted average shares outstanding 6,565,461 6,560,713 6,562,865 6,559,587 Average unearned ESOP shares (138,152 ) (152,546 ) (139,966 ) (154,353 ) Basic weighted average shares outstanding 6,427,309 6,408,167 6,422,899 6,405,234 Plus: effect of dilutive options 623 — 370 — Diluted weighted average common shares outstanding 6,427,932 6,408,167 6,423,269 6,405,234 Earnings per share: Basic $ 0.22 $ 0.20 $ 0.40 $ 0.41 Diluted $ 0.22 $ 0.20 $ 0.40 $ 0.41

Investment Securities (Tables)

Investment Securities (Tables)	6 Months Ended
	Mar. 31, 2017
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, 2017 and September 30, 2016. March 31, 2017 Amortized Gross Gross Fair (in thousands) Investment Securities Available-for-Sale: State and municipal obligations $ 20,847 $ 111 $ (10 ) $ 20,948 Single issuer trust preferred security 1,000 — (100 ) 900 Corporate debt securities 39,926 178 (530 ) 39,574 Mutual fund 250 — — 250 Total 62,023 289 (640 ) 61,672 Investment Securities Held-to-Maturity: U.S. government agencies $ 1,999 $ — $ (6 ) $ 1,993 State and municipal obligations 9,701 47 (30 ) 9,718 Corporate debt securities 3,867 — (90 ) 3,777 Mortgage-backed securities: Collateralized mortgage obligations, fixed-rate 21,493 — (540 ) 20,953 Total $ 37,060 $ 47 $ (666 ) $ 36,441 Total investment securities $ 99,083 $ 336 $ (1,306 ) $ 98,113 September 30, 2016 Amortized Gross Gross Fair (in thousands) Investment Securities Available-for-Sale: State and municipal obligations $ 24,751 $ 557 $ (1 ) $ 25,307 Single issuer trust preferred security 1,000 — (122 ) 878 Corporate debt securities 40,189 347 (334 ) 40,202 Total 65,940 904 (457 ) 66,387 Investment Securities Held-to-Maturity: U.S. government agencies $ 2,999 $ 16 $ — $ 3,015 State and municipal obligations 9,826 167 (1 ) 9,992 Corporate debt securities 3,916 77 — 3,993 Mortgage-backed securities: Collateralized mortgage obligations, fixed-rate 23,810 102 (95 ) 23,817 Total $ 40,551 $ 362 $ (96 ) $ 40,817 Total investment securities $ 106,491 $ 1,266 $ (553 ) $ 107,204
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, 2017 and September 30, 2016: March 31, 2017 Less than 12 Months 12 Months or longer Total Fair Unrealized Fair Unrealized Fair Unrealized (In thousands) Investment Securities Available-for-Sale: State and municipal obligations $ 4,636 $ (10 ) ​ $ — $ — $ 4,636 $ (10 ) Single issuer trust preferred security — — ​ 900 (100 ) 900 (100 ) Corporate debt securities 14,551 (188 ) 8,041 (342 ) 22,592 (530 ) Total $ 19,187 $ (198 ) $ 8,941 $ (442 ) $ 28,128 $ (640 ) Investment Securities Held-to-Maturity: U.S. government agencies 1,993 (6 ) — — 1,993 (6 ) State and municipal obligations 3,554 (30 ) — — 3,554 (30 ) Corporate debt securities 3,777 (90 ) — — 3,777 (90 ) Mortgage-backed securities: CMO, fixed-rate 13,530 (268 ) 7,233 (272 ) 20,763 (540 ) Total 22,854 (394 ) 7,233 (272 ) 30,087 (666 ) Total investment securities $ 42,041 $ (592 ) $ 16,174 $ (714 ) $ 58,215 $ (1,306 ) September 30, 2016 Less than 12 Months 12 Months or longer Total Fair Unrealized Fair Unrealized Fair Unrealized (In thousands) Investment Securities Available-for-Sale: State and municipal obligations $ 501 $ (1 ) $ — $ — $ 501 $ (1 ) Single issuer trust preferred security — — 878 (122 ) 878 (122 ) Corporate debt securities 984 (9 ) 10,614 (325 ) 11,598 (334 ) Total $ 1,485 $ (10 ) $ 11,492 $ (447 ) $ 12,977 $ (457 ) Investment Securities Held-to-Maturity: State and municipal obligations 1,193 (1 ) — — 1,193 (1 ) Mortgage-backed securities: CMO, fixed-rate 4,342 (17 ) 6,283 (78 ) 10,625 (95 ) Total 5,535 (18 ) 6,283 (78 ) 11,818 (96 ) Total investment securities $ 7,020 $ (28 ) $ 17,775 $ (525 ) $ 24,795 $ (553 )
Schedule of amortized cost and fair value of debt securities by contractual maturity	The following table presents information for investment securities at March 31, 2017, 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, 2017 Amortized Cost Fair Value (in thousands) Investment Securities Available-for-Sale: Due in one year or less $ — $ — Due after one year through five years 23,199 23,147 Due after five years through ten years 31,123 30,867 Due after ten years 7,701 7,658 Total $ 62,023 $ 61,672 Investment Securities Held-to-Maturity: Due after one year through five years $ 1,999 $ 1,992 Due after five years through ten years 5,778 5,705 Due after ten years 29,283 28,744 Total $ 37,060 $ 36,441 Total investment securities $ 99,083 $ 98,113

Loans Receivable and Related 24

Loans Receivable and Related Allowance for Loan Losses (Tables)	6 Months Ended
	Mar. 31, 2017
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, 2017 2016 (in thousands) Residential mortgage $ 192,775 $ 209,186 Construction and Development: Residential and commercial 46,721 18,579 Land 14,322 10,013 Total Construction and Development 61,043 28,592 Commercial: Commercial real estate 383,170 231,439 Multi-family 12,838 19,515 Other 63,551 38,779 Total Commercial 459,559 289,733 Consumer: Home equity lines of credit 19,214 19,757 Second mortgages 25,103 29,204 Other 1,512 1,914 Total Consumer 45,829 50,875 Total loans 759,206 578,386 Deferred loan fees and cost, net 683 1,208 Allowance for loan losses (7,181 ) (5,434 ) Total loans receivable, net $ 752,708 $ 574,160
Schedule of allowance for loan losses	The following tables summarize the primary classes of the allowance for loan losses (“ALLL”), segregated into the amount required for loans individually evaluated for impairment and the amount required for loans collectively evaluated for impairment as of March 31, 2017 and September 30, 2016. Activity in the allowance is presented for the three and six months ended March 31, 2017 and 2016 and the year ended September 30, 2016, respectively. Three Months Ended March 31, 2017 Construction and Commercial Consumer Residential Residential Land Commercial Multi- Other Home Second Other Unallocated Total (in thousands) Allowance for loan losses: Beginning balance $ 1,162 $ 874 $ 90 $ 2,215 $ 106 $ 208 $ 111 $ 408 $ 28 $ 975 $ 6,177 Charge-offs - - - - - - - (50 ) - - (50 ) Recoveries - - - 26 - 1 1 25 4 - 57 Provision (credit) (120 ) 469 38 238 (39 ) 160 (5 ) 32 (12 ) 236 997 Ending Balance $ 1,042 $ 1,343 $ 128 $ 2,479 $ 67 $ 369 $ 107 $ 415 $ 20 $ 1,211 $ 7,181 Three Months Ended March 31, 2016 Construction and Commercial Consumer Residential Residential Land Commercial Multi- Other Home Second 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 (credit) 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 Six Months Ended March 31, 2017 Construction and Commercial Consumer Residential Residential Land Commercial Multi- Other Home Second Other Unallocated Total (in thousands) Allowance for loan losses: Beginning balance $ 1,201 $ 199 $ 97 $ 1,874 $ 109 $ 158 $ 116 $ 467 $ 34 $ 1,179 $ 5,434 Charge-offs - - - - - - - (121 ) (5 ) - (126 ) Recoveries - 90 - 30 - 6 2 82 6 - 216 Provisions (159 ) 1,054 31 575 (42 ) 205 (11 ) (13 ) (15 ) 32 1,657 Ending Balance $ 1,042 $ 1,343 $ 128 $ 2,479 $ 67 $ 369 $ 107 $ 415 $ 20 $ 1,211 $ 7,181 Ending balance: $ - $ - $ - $ - $ - $ 116 $ - $ 99 $ - $ - $ 215 Ending balance: $ 1,042 $ 1,343 $ 128 $ 2,479 $ 67 $ 253 $ 107 $ 316 $ 20 $ 1,211 $ 6,966 Loans receivable: Ending balance $ 192,775 $ 46,721 $ 14,322 $ 383,170 $ 12,838 $ 63,551 $ 19,214 $ 25,103 $ 1,512 $ 759,206 Ending balance: $ 2,094 $ 109 $ - $ 752 $ - $ 249 $ 60 $ 174 $ - $ 3,438 Ending balance: $ 190,681 $ 46,612 $ 14,322 $ 382,418 $ 12,838 $ 63,302 $ 19,154 $ 24,929 $ 1,512 $ 755,768 Six Months Ended March 31, 2016 Construction and Commercial Consumer Residential Residential Land Commercial Multi- Other Home Second 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: $ - $ - $ - $ - $ - $ - $ - $ 24 $ - $ - $ 24 Ending balance: $ 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: $ 624 $ 121 $ - $ 1,468 $ - $ - $ 20 $ 197 $ - $ 2,430 Ending balance: $ 213,583 $ 10,675 $ 7,755 $ 171,692 $ 20,548 $ 34,585 $ 21,692 $ 33,790 $ 2,041 $ 516,361 Year Ended September 30, 2016 Construction and Development Commercial Consumer Residential Residential Land Commercial Multi- Other Home Second Other Unallocated Total (In thousands) Allowance for loan losses: Beginning balance $ 1,486 $ 30 $ 35 $ 1,235 $ 104 $ 108 $ 139 $ 761 $ 24 $ 745 $ 4,667 Charge-offs (9 ) (91 ) - (99 ) - - - (291 ) (70 ) - (560 ) Recoveries 17 243 - 3 - 3 1 100 13 - 380 Provisions (293 ) 17 62 735 5 47 (24 ) (103 ) 67 434 947 Ending Balance $ 1,201 $ 199 $ 97 $ 1,874 $ 109 $ 158 $ 116 $ 467 $ 34 $ 1,179 $ 5,434 Ending balance: $ - $ - $ - $ - $ - $ - $ - $ 23 $ - $ - $ 23 Ending balance: $ 1,201 $ 199 $ 97 $ 1,874 $ 109 $ 158 $ 116 $ 444 $ 34 $ 1,179 $ 5,411 Loans receivable: Ending balance $ 209,186 $ 18,579 $ 10,013 $ 231,439 $ 19,515 $ 38,779 $ 19,757 $ 29,204 $ 1,914 $ 578,386 Ending balance: $ 1,159 $ 109 $ - $ 2,039 $ - $ - $ 74 $ 277 $ - $ 3,658 Ending balance: $ 208,027 $ 18,470 $ 10,013 $ 229,400 $ 19,515 $ 38,779 $ 19,683 $ 28,927 $ 1,914 $ 574,728
Schedule of impaired loans	The following table presents impaired loans in portfolio by class, segregated by those for which a specific allowance was required and those for which a specific allowance was not necessary as of March 31, 2017 and September 30, 2016. Impaired Loans With Impaired Total Impaired Loans Recorded Related Recorded Recorded Unpaid (In thousands) March 31, 2017: Residential mortgage $ — $ — $ 2,094 $ 2,094 $ 2,215 Construction and Development: Residential and commercial — — 109 109 109 Commercial: Commercial real estate — — 752 752 758 Other 249 116 — 249 249 Consumer: Home equity lines of credit — — 60 60 81 Second mortgages 112 99 62 174 200 Total impaired loans $ 361 $ 215 $ 3,077 $ 3,438 $ 3,612 September 30, 2016: Residential mortgage $ — $ — $ 1,159 $ 1,159 $ 1,225 Construction and Development: Residential and commercial — — 109 109 109 Commercial: Commercial real estate — — 2,039 2,039 2,039 Consumer: Home equity lines of credit — — 74 74 90 Second mortgages 31 23 246 277 451 Total impaired loans $ 31 $ 23 $ 3,627 $ 3,658 $ 3,914
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, 2017 and 2016. Three Months Ended March 31, 2017 Six Months Ended March 31, 2017 (in thousands) Average Interest Income Average Interest Residential mortgage $ 2,178 $ 13 $ 2,099 $ 33 Construction and Development: Residential and commercial 109 1 109 2 Commercial: Commercial real estate 755 5 1,187 9 Other 86 2 43 2 Consumer: Home equity lines of credit 60 — 65 — Second mortgages 139 — 184 1 Total $ 3,327 $ 21 $ 3,687 $ 47 Three Months Ended March 31, 2016 Six Months Ended March 31, 2016 (in thousands) Average Interest Income Average Interest 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
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, 2017 and September 30, 2016. March 31, 2017 Pass Special Substandard Doubtful Total (in thousands) Residential mortgage $ 190,419 $ 119 $ 2,237 $ — $ 192,775 Construction and Development: Residential and commercial 46,612 — 109 — 46,721 Land 8,606 — 5,716 — 14,322 Commercial: Commercial real estate 375,626 4,847 2,697 — 383,170 Multi-family 12,631 207 — — 12,838 Other 62,639 — 912 — 63,551 Consumer: Home equity lines of credit 19,055 — 159 — 19,214 Second mortgages 24,443 115 545 — 25,103 Other 1,503 8 1 — 1,512 Total $ 741,534 $ 5,296 $ 12,376 $ — $ 759,206 September 30, 2016 Pass Special Substandard Doubtful Total (in thousands) Residential mortgage $ 207,880 $ 122 $ 1,184 $ — $ 209,186 Construction and Development: Residential and commercial 18,470 — 109 — 18,579 Land 10,013 — — — 10,013 Commercial: Commercial real estate 221,742 4,990 4,707 — 231,439 Multi-family 19,303 212 — — 19,515 Other 37,848 259 672 — 38,779 Consumer: Home equity lines of credit 19,584 — 173 — 19,757 Second mortgages 27,843 119 1,242 — 29,204 Other 1,903 11 — — 1,914 Total $ 564,586 $ 5,713 $ 8,087 $ — $ 578,386
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, 2017 2016 (in thousands) Residential mortgage $ 1,225 $ 1,072 Commercial: Commercial real estate 188 193 Consumer: Home equity lines of credit 60 74 Second mortgages 93 278 Total non-accrual loans $ 1,566 $ 1,617
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, 2017 and September 30, 2016. Current 30- 60- 90 Total Total Loans Accruing (in thousands) March 31, 2017: Residential mortgage $ 189,751 $ 1,921 $ 144 $ 959 $ 3,024 $ 192,775 $ 20 Construction and Development: Residential and commercial 46,721 — — — — 46,721 — Land 14,322 — — — — 14,322 — Commercial: Commercial real estate 383,615 555 — — 555 383,170 — Multi-family 12,838 — — — — 12,838 — Other 63,551 — — — — 63,551 — Consumer: Home equity lines of credit 19,064 141 — 9 150 19,214 — Second mortgages 24,337 504 124 138 766 25,103 101 Other 1,510 1 — 1 2 1,512 1 Total $ 754,709 $ 3,122 $ 268 $ 1,107 $ 4,497 $ 759,206 $ 122 Current 30- 60- 90 Total Total Loans Accruing (in thousands) September 30, 2016: Residential mortgage $ 204,816 $ 1,750 $ 1,345 $ 1,275 $ 4,370 $ 209,186 $ 509 Construction and Development: Residential and commercial 18,579 — — — — 18,579 — Land 10,013 — — — — 10,013 — Commercial: Commercial real estate 231,059 — — 380 380 231,439 187 Multi-family 19,515 — — — — 19,515 — Other 38,433 346 — — 346 38,779 — Consumer: Home equity lines of credit 19,513 170 43 31 244 19,757 — Second mortgages 27,933 473 566 232 1,271 29,204 — Other 1,913 1 — — 1 1,914 — Total $ 571,774 $ 2,740 $ 1,954 $ 1,918 $ 6,612 $ 578,386 $ 696
Schedule of TDR loans	The following table presents our TDR loans as of March 31, 2017 and September 30, 2016. Total Troubled Debt Troubled Debt Restructured Number of Recorded Number of Recorded (Dollars in thousands) At March 31, 2017: Residential mortgage 5 $ 1,126 1 $ 230 Construction and Development: Residential and commercial 1 109 — — Commercial: Commercial real estate 3 752 1 188 Consumer: Second mortgages 2 79 1 25 Total 11 $ 2,066 3 $ 443 At September 30, 2016: Residential mortgage 2 $ 224 1 $ 139 Construction and Development: Residential and commercial 1 109 — — Commercial: Commercial real estate 4 1,845 — — Total 7 $ 2,178 1 $ 139
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, 2017 September 30, 2016 Performing Non- Performing Non- (In thousands) Residential mortgage $ 896 $ 230 $ 85 $ 139 Construction and Development: Residential and commercial 109 — 109 — Commercial: Commercial real estate 564 188 1,845 — Consumer: Second mortgages 54 25 — — Total $ 1,623 $ 443 $ 2,039 $ 139
Schedule of loans which were first deemed to be TDRs	The following table shows the activity in loans which were first deemed to be TDRs during the three and six months ended March 31, 2017 and 2016. For the Three Months Ended March 31, 2017 2016 Restructured During Period Number Pre- Post- Number Pre- Post- (In thousands) Troubled Debt Restructurings: Residential mortgage 1 $ 234 $ 234 - $ - $ - Commercial: Commercial real estate 1 193 193 - - - Consumer: Second mortgages 2 81 81 - - - Total 4 $ 508 $ 508 - $ - $ - For the Six Months Ended March 31, 2017 2016 Restructured During Period Number Pre- Post- Number Pre- Post- (In thousands) Troubled Debt Restructurings: Residential mortgage 3 $ 889 $ 889 - $ - $ - Commercial: Commercial real estate 1 193 193 - - - Consumer: Second mortgages 2 81 81 - - - Total 6 $ 1,163 $ 1,163 - $ - $ -

Regulatory Matters (Tables)

Regulatory Matters (Tables)	6 Months Ended
	Mar. 31, 2017
Banking and Thrift [Abstract]
Schedule of company's compliance of capital requirements	The following table summarizes the Company’s compliance with applicable regulatory capital requirements as of March 31, 2017 and September 30, 2016: 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, 2017: Tier 1 Leverage (to average assets) $ 94,039 10.32 % $ 36,458 4.00 % $ 45,572 5.00 % Common Equity Tier 1 Capital (to risk weighted assets) 94,039 12.08 % 35,029 4.50 % 50,597 6.50 % Tier 1 Capital (to risk weighted assets) 94,039 12.08 % 46,705 6.00 % 62,274 8.00 % Total Capital (to risk weighted assets) 125,795 16.16 % 62,274 8.00 % 77,842 10.00 % As of September 30, 2016: Tier 1 Leverage (to average assets) $ 90,310 11.45 % $ 31,561 4.00 % $ 39,452 5.00 % Common Equity Tier 1 Capital (to risk weighted assets) 90,310 15.11 % 26,894 4.50 % 38,847 6.50 % Tier 1 Capital (to risk weighted assets) 90,310 15.11 % 35,859 6.00 % 47,812 8.00 % Total Capital (to risk weighted assets) 95,806 16.03 % 47,812 8.00 % 59,765 10.00 %
Schedule of actual capital amounts and ratios	The following table summarizes the Bank’s compliance with applicable regulatory capital requirements as of March 31, 2017 and September 30, 2016: 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, 2017: Tier 1 Leverage (to average assets) $ 112,436 12.35 % $ 36,428 4.00 % $ 45,535 5.00 % Common Equity Tier 1 Capital (to risk weighted assets) 112,436 14.53 % 34,834 4.50 % 50,315 6.50 % Tier 1 Capital (to risk weighted assets) 112,436 14.53 % 46,445 6.00 % 61,927 8.00 % Total Capital (to risk weighted assets) 119,697 15.46 % 61,927 8.00 % 77,408 10.00 % As of September 30, 2016: Tier 1 Leverage (to average assets) $ 85,030 10.79 % $ 31,533 4.00 % $ 39,417 5.00 % Common Equity Tier 1 Capital (to risk weighted assets) 85,030 14.24 % 26,875 4.50 % 38,820 6.50 % Tier 1 Capital (to risk weighted assets) 85,030 14.24 % 35,834 6.00 % 47,779 8.00 % Total Capital (to risk weighted assets) 90,526 15.16 % 47,779 8.00 % 59,723 10.00 %

Derivatives and Hedging Activ26

Derivatives and Hedging Activities (Tables)	6 Months Ended
	Mar. 31, 2017
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, 2017 and September 30, 2016: March 31, 2017 Notional Fair Balance Sheet Expiration Date (dollars in thousand) Derivatives designated as hedging instruments Interest rate swaps by effective date: August 3, 2015 $ 15,000 $ 23 Other assets August 3, 2020 February 5, 2016 20,000 455 Other assets February 1, 2021 September 30, 2016 Notional Fair Balance Sheet Expiration Date (dollars in thousand) Derivatives designated as hedging instruments Interest rate swaps by effective date: August 3, 2015 $ 15,000 $ 394 Other liabilities August 3, 2020 February 5, 2016 20,000 148 Other liabilities February 1, 2021
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 (loss) and the Consolidated Statements of Operations relating to the cash flow derivative instruments for the three and six months ended March 31, 2017 and 2016. For the Three Months Ended March 31, 2017 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 $ 13 $ (30 ) $ — February 5, 2016 16 (16 ) — For the Six Months Ended March 31, 2017 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 $ 351 $ (66 ) $ — February 5, 2016 564 (39 ) — 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, 2017
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, 2017 Total Level 1 Level 2 Level 3 (in thousands) Assets: Investment securities available-for-sale: Debt securities: State and municipal obligations $ 20,948 $ — $ 20,948 $ — Single issuer trust preferred security 900 — 900 — Corporate debt securities 39,574 — 39,574 — Mutual fund 250 250 — — Total investment securities available-for-sale 61,672 250 61,422 — Derivative instruments $ 478 $ — $ 478 $ — September 30, 2016 Total Level 1 Level 2 Level 3 (in thousands) Assets: Investment securities available-for-sale: Debt securities: State and municipal obligations $ 25,307 $ — $ 25,307 $ — Single issuer trust preferred security 878 — 878 — Corporate debt securities 40,202 — 40,202 — Total investment securities available-for-sale 66,387 — 66,387 — Liabilities: Derivative instruments $ 542 $ — $ 542 $ —
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, 2017 and September 30, 2016: March 31, 2017 Total Level 1 Level 2 Level 3 (in thousands) Impaired loans (1) $ 146 $ — $ — $ 146 Total $ 146 $ — $ — $ 146 March 31, 2017 Fair Value at Valuation Technique Unobservable Input Range/(Weighted (dollars in thousands) Impaired loans (1) $ 146 Appraisal of collateral (2) Collateral discounts (3) 0%/(0%) Total $ 146 (1) At March 31, 2017, consisted of four loans with an aggregate balance of $361,000 and with $215,000 in specific loan loss allowance. (2) Fair value is generally determined through independent appraisals of the underlying collateral primarily using comparable sales. (3) Appraisals may be adjusted by management for qualitative factors such as time, changes in economic conditions and estimated liquidation expense. September 30, 2016 Total Level 1 Level 2 Level 3 (in thousands) Impaired loans (1) $ 8 $ — $ — $ 8 Total $ 8 $ — $ — $ 8 September 30, 2016 Fair Value at Valuation Technique Unobservable Input Range/(Weighted (dollars in thousands) Impaired loans (1) $ 8 Appraisal of collateral (2) Collateral discounts (3) 0%/(0%) Total $ 8 (1) At September 30, 2016, consisted of one loan with an aggregate balance of $31,000 and with $23,000 in specific loan loss allowance. (2) Fair value is generally determined through independent appraisals of the underlying collateral primarily using comparable sales. (3) Appraisals may be adjusted by management for qualitative factors such as time, changes in economic conditions and estimated liquidation expense.
Schedule of carrying amount and estimated fair value of the Company's financial instruments	The carrying amount and estimated fair value of the Company’s financial instruments as of March 31, 2017 and September 30, 2016 are presented below: Carrying Fair Value Level 1 Level 2 Level 3 (in thousands) March 31, 2017: Financial assets: Cash and cash equivalents $ 65,752 $ 65,752 $ 65,752 $ — $ — Investment securities available-for-sale 61,672 61,672 250 61,422 — Investment securities held-to-maturity 37,060 36,441 — 36,441 — Loans receivable, net (including impaired loans) 752,708 753,835 — — 753,835 Accrued interest receivable 3,177 3,177 — 3,177 — Restricted stock 5,397 5,397 — 5,397 — Mortgage servicing rights (included in Other Assets) 297 312 — 312 — Derivatives (included in Other Assets) 478 478 — 478 — Financial liabilities: Savings accounts 43,913 43,913 — 43,913 — Checking and NOW accounts 147,828 147,828 — 147,828 — Money market accounts 251,671 251,671 — 251,671 — Certificates of deposit 260,860 263,123 — 263,123 — FHLB advances 118,000 118,857 — 118,857 — Short-term borrowing 10,000 10,000 — 10,000 — Subordinated debt 25,000 25,000 — 25,000 — Accrued interest payable 649 649 — 649 — September 30, 2016: Financial assets: Cash and cash equivalents $ 96,762 $ 96,762 $ 96,762 $ — $ — Investment securities available-for-sale 66,387 66,387 — 66,387 — Investment securities held-to-maturity 40,551 40,817 — 40,817 — Loans receivable, net (including impaired loans) 574,160 589,844 — — 589,844 Accrued interest receivable 2,558 2,558 — 2,558 — Restricted stock 5,424 5,424 — 5,424 — Mortgage servicing rights (included in Other Assets) 328 308 — 308 — Financial liabilities: Savings accounts 44,714 44,714 — 44,714 Checking and NOW accounts 129,588 129,588 — 129,588 — Money market accounts 177,486 177,486 — 177,486 — Certificates of deposit 250,258 252,232 — 252,232 — FHLB advances 118,000 119,946 — 119,946 — Derivatives (included in Other Liabilities) 542 542 — 542 — Accrued interest payable 427 427 — 427 —

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Mar. 31, 2017
Income Tax Disclosure [Abstract]
Schedule of deferred income taxes	Deferred income taxes at March 31, 2017 and September 30, 2016 were as follows: March 31, September 30, 2017 2016 (in thousands) Deferred Tax Assets: Unrealized loss on investments available-for-sale $ 119 $ — Allowance for loan losses 3,894 3,299 Non-accrual interest 39 56 Alternative minimum tax (AMT) credit carryover 390 287 Low-income housing tax credit carryover 217 217 Supplement Employer Retirement Plan 415 412 Charitable contributions 70 61 Depreciation 116 60 Federal net operating loss 2,734 4,344 Other 455 651 Total Deferred Tax Assets 8,449 9,387 Valuation allowance for DTA (70 ) (61 ) Total Deferred Tax Assets, Net of Valuation Allowance 8,379 9,326 Deferred Tax Liabilities: Unrealized gain on investment available-for-sale — (152 ) Unrealized gain on derivatives (162 ) — Mortgage servicing rights (101 ) (112 ) Other (235 ) (235 ) Total Deferred Tax Liabilities (498 ) (499 ) Deferred Tax Assets, Net $ 7,881 $ 8,827

Comprehensive Income (Loss) (Ta

Comprehensive Income (Loss) (Tables)	6 Months Ended
	Mar. 31, 2017
Equity [Abstract]
Schedule of accumulated other comprehensive (loss) included in shareholders equity	The components of accumulated other comprehensive income (loss) included in shareholders’ equity are as follows: March 31, September 30, 2017 2016 (In thousands) Net unrealized holding (losses) gains on available-for-sale securities $ (351 ) $ 447 Tax effect 119 (152 ) Net of tax amount (232 ) 295 Fair value adjustments on derivatives 478 (542 ) Tax effect (163 ) 184 Net of tax amount 315 (358 ) Total accumulated other comprehensive income (loss) $ 83 $ (63 )
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) 2017 2016 2017 2016 Net unrealized holding gains (losses) on available-for-sale securities $ 352 $ 1,620 $ (745 ) $ 1,139 Net realized gains on securities available- for-sale (58 ) (61 ) (58 ) (192 ) Amortization (accretion) of unrealized holding losses on securities available-for- sale transferred to held-to-maturity 2 2 6 4 Fair value adjustments on derivatives 74 (494 ) 1,019 (249 ) Other comprehensive income before taxes 370 1,067 222 702 Tax effect (127 ) (363 ) (76 ) (133 ) Total comprehensive income $ 243 $ 704 $ 146 $ 569

Equity Based Incentive Compen30

Equity Based Incentive Compensation Plan (Tables)	6 Months Ended
	Mar. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of fair value of stock option	The assumptions used in determining the fair value of stock option grants for the quarter ended March 31, 2017 are as follows: Weighted average fair value of awards $ 6.99 Risk-free rate 2.17 % Dividend yield - % Volatility 28.23 % Expected life 6.5 years
Schedule of currently outstanding options	Stock option activity as of March 31, 2017 and changes during the six months ended March 31, 2017 were as follows: Shares Weighted Weighted Aggregate Outstanding, beginning of fiscal year 5,000 $ 16.02 $ 1,980 Granted 7,000 21.00 — Exercised — — — Forfeited/cancelled/expired (1,000 ) 16.02 4,780 Outstanding, at March 31, 2017 11,000 19.19 9.630 20,523 Vested and exercisable, end of the period 800 16.02 8.999 4,028.80 Vested and unvested exercisable, end of the period 800 16.02 8.999 4,028.80 Vested and expected to vest, at March 31, 2017 11,000 $ 19.19 9.630 $ 20,523
Schedule of restricted stock outstanding	The table below summarizes the activity for the Company’s restricted stock outstanding during the six months ended Shares Weighted Nonvested at September 30, 2016 1,930 $ 17.40 Granted 12,522 20.79 Vested (337 ) 21.15 Forfeited/cancelled/expired (241 ) 17.40 Nonvested at March 31, 2017 13,874 $ 20.36

Basis of Presentation (Details

Basis of Presentation (Details Narrative) - Center	6 Months Ended
	Mar. 31, 2017	Dec. 15, 2016
Number of full service financial center	8
Malvern Insurance Associates, LLC ("Malvern Insurance") [Member]
Ownership interest		100.00%

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016
Earnings Per Share [Abstract]
Net Income	$ 1,409	$ 1,266	$ 2,579	$ 2,610
Weighted average shares outstanding	6,565,461	6,560,713	6,562,865	6,559,587
Average unearned ESOP shares	(138,152)	(152,546)	(139,966)	(154,353)
Basic weighted average shares outstanding	6,427,309	6,408,167	6,422,899	6,405,234
Plus: effect of dilutive options	623		370
Diluted weighted average common shares outstanding	6,427,932	6,408,167	6,423,269	6,405,234
Earnings per share:
Basic	$ 0.22	$ 0.20	$ 0.40	$ 0.41
Diluted	$ 0.22	$ 0.20	$ 0.40	$ 0.41

Earnings Per Share (Details Nar

Earnings Per Share (Details Narrative) - shares	3 Months Ended		6 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016
Stock options	7,000		11,000
Restricted shares issued	12,552	2,240	12,552	2,240
Anti-dilutive shares	4,900		9,359
Employee Stock Option [Member]
Stock options	7,000	5,000	7,000	5,000

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, 2017	Mar. 31, 2016	Sep. 30, 2008	Mar. 31, 2017	Mar. 31, 2016
Employee Stock Ownership Plan (ESOP), Shares in ESOP [Abstract]
Employee stock ownership plan (ESOP), shares purchased			241,178
Employee stock ownership plan (ESOP), amount borrowed			$ 2,600
Average price of shares purchased (in dollars per share)			$ 10.86
Employee stock ownership plan (ESOP), debt structure, direct loan, description			The loan, which bears an interest rate of 5%, is being repaid in quarterly installments through 2026.
Committed to be released ESOP shares	3,600	3,600		7,200	7,200
Number of unallocated shares	136,365			136,365
Number of allocated shares held by the ESOP	122,853			122,853
Aggregate fair value of shares held by the ESOP	$ 2,900			$ 2,900

Investment Securities (Details)

Investment Securities (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Mar. 31, 2017	Sep. 30, 2016
Investment Securities Available-for-Sale:
Amortized Cost	$ 62,023	$ 65,940
Gross Unrealized Gains	289	904
Gross Unrealized Losses	(640)	(457)
Fair value	61,672	66,387
Investment Securities Held-to-Maturity:
Amortized Cost	37,060	40,551
Gross Unrealized Gains	47	362
Gross Unrealized Losses	(666)	(96)
Fair Value	36,441	40,817
Total investment securities Amortized Cost	99,083	106,491
Total investment securities Gross Unrealized Gains	336	1,266
Total investment securities Gross Unrealized Losses	(1,306)	(553)
Total investment securities Fair Value	98,113	107,204
U S Government Agencies [Member]
Investment Securities Held-to-Maturity:
Amortized Cost	1,999	2,999
Gross Unrealized Gains		16
Gross Unrealized Losses	(6)
Fair Value	1,993	3,015
State And Municipal Obligations [Member]
Investment Securities Available-for-Sale:
Amortized Cost	20,847	24,751
Gross Unrealized Gains	111	557
Gross Unrealized Losses	(10)	(1)
Fair value	20,948	25,307
Investment Securities Held-to-Maturity:
Amortized Cost	9,701	9,826
Gross Unrealized Gains	47	167
Gross Unrealized Losses	(30)	(1)
Fair Value	9,718	9,992
Single Issuer Trust Preferred Security [Member]
Investment Securities Available-for-Sale:
Amortized Cost	1,000	1,000
Gross Unrealized Gains
Gross Unrealized Losses	(100)	(122)
Fair value	900	878
Corporate Debt Securities [Member]
Investment Securities Available-for-Sale:
Amortized Cost	39,926	40,189
Gross Unrealized Gains	178	347
Gross Unrealized Losses	(530)	(334)
Fair value	39,574	40,202
Investment Securities Held-to-Maturity:
Amortized Cost	3,867	3,916
Gross Unrealized Gains		77
Gross Unrealized Losses	(90)
Fair Value	3,777	3,993
Collateralized Mortgage Obligations [Member] | Fixed Rate [Member]
Investment Securities Held-to-Maturity:
Amortized Cost	21,493	23,810
Gross Unrealized Gains		102
Gross Unrealized Losses	(540)	(95)
Fair Value	20,953	$ 23,817
Mutual Fund [Member]
Investment Securities Available-for-Sale:
Amortized Cost	250
Gross Unrealized Gains
Gross Unrealized Losses
Fair value	$ 250

Investment Securities (Details

Investment Securities (Details 1) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Mar. 31, 2017	Sep. 30, 2016
Investment Securities Available-for-Sale:
Less than 12 Months: Fair Value	$ 19,187	$ 1,485
Less than 12 Months: Unrealized Losses	(198)	(10)
12 Months or longer: Fair Value	8,941	11,492
12 Months or longer: Unrealized Losses	(442)	(447)
Total: Fair Value	28,128	12,977
Total: Unrealized Losses	(640)	(457)
Investment Securities Held-to-Maturity:
Less than 12 Months: Fair Value	22,854	5,535
Less than 12 Months: Unrealized Losses	(394)	(18)
12 Months or longer: Fair Value	7,233	6,283
12 Months or longer: Unrealized Losses	(272)	(78)
Total: Fair Value	30,087	11,818
Total: Unrealized Losses	(666)	(96)
Total investment securities in an unrealized loss position less than 12 months fair value	42,041	7,020
Total investment securities in an unrealized loss position less than 12 months gross unrealized loss	(592)	(28)
Total investment securities in an unrealized loss position 12 months or more fair value	16,174	17,775
Total investment securities in an unrealized loss position 12 months or more gross unrealized loss	(714)	(525)
Total investment securities in an unrealized loss position fair value	58,215	24,795
Total investment securities in an unrealized loss position gross unrealized loss	(1,306)	(553)
State And Municipal Obligations [Member]
Investment Securities Available-for-Sale:
Less than 12 Months: Fair Value	4,636	501
Less than 12 Months: Unrealized Losses	(10)	(1)
12 Months or longer: Fair Value
12 Months or longer: Unrealized Losses
Total: Fair Value	4,636	501
Total: Unrealized Losses	(10)	(1)
Investment Securities Held-to-Maturity:
Less than 12 Months: Fair Value	3,554	1,193
Less than 12 Months: Unrealized Losses	(30)	(1)
12 Months or longer: Fair Value
12 Months or longer: Unrealized Losses
Total: Fair Value	3,554	1,193
Total: Unrealized Losses	(30)	(1)
Single Issuer Trust Preferred Security [Member]
Investment Securities Available-for-Sale:
Less than 12 Months: Fair Value
Less than 12 Months: Unrealized Losses
12 Months or longer: Fair Value	900	878
12 Months or longer: Unrealized Losses	(100)	(122)
Total: Fair Value	900	878
Total: Unrealized Losses	(100)	(122)
Corporate Debt Securities [Member]
Investment Securities Available-for-Sale:
Less than 12 Months: Fair Value	14,551	984
Less than 12 Months: Unrealized Losses	(188)	(9)
12 Months or longer: Fair Value	8,041	10,614
12 Months or longer: Unrealized Losses	(342)	(325)
Total: Fair Value	22,592	11,598
Total: Unrealized Losses	(530)	(334)
Investment Securities Held-to-Maturity:
Less than 12 Months: Fair Value	3,777
Less than 12 Months: Unrealized Losses	(90)
12 Months or longer: Fair Value
12 Months or longer: Unrealized Losses
Total: Fair Value	3,777
Total: Unrealized Losses	(90)
Collateralized Mortgage Obligations [Member] | Fixed Rate [Member]
Investment Securities Held-to-Maturity:
Less than 12 Months: Fair Value	13,530	4,342
Less than 12 Months: Unrealized Losses	(268)	(17)
12 Months or longer: Fair Value	7,233	6,283
12 Months or longer: Unrealized Losses	(272)	(78)
Total: Fair Value	20,763	10,625
Total: Unrealized Losses	(540)	$ (95)
U S Government Agencies [Member]
Investment Securities Held-to-Maturity:
Less than 12 Months: Fair Value	1,993
Less than 12 Months: Unrealized Losses	(6)
12 Months or longer: Fair Value
12 Months or longer: Unrealized Losses
Total: Fair Value	1,993
Total: Unrealized Losses	$ (6)

Investment Securities (Detail37

Investment Securities (Details 2) - USD ($) $ in Thousands	Mar. 31, 2017	Sep. 30, 2016
Available for Sale, Amortized Cost:
Due in one year or less
Due after one year through five years	23,199
Due after five years through ten years	31,123
Due after ten years	7,701
Available-for-sale Securities, Amortized Cost Basis, Total	62,023	$ 65,940
Available for Sale, Fair Value:
Due in one year or less
Due after one year through five years	23,147
Due after five years through ten years	30,867
Due after ten years	7,658
Available-for-sale Securities, Fair value, Total	61,672	66,387
Held-to-Maturity, Amortized Cost:
Due after one year through five years	1,999
Due after five years through ten years	5,778
Due after ten years	29,283
Held-to-maturity Securities, Amortized Cost, Total	37,060	40,551
Held-to-Maturity, Fair Value:
Due after one year through five years	1,992
Due after five years through ten years	5,705
Due after ten years	28,744
Held-to-maturity Securities, Fair Value, Total	36,441	$ 40,817
Total Investment Securities, Amortized Cost	99,083
Total Investment Securities, Fair Value	$ 98,113

Investment Securities (Detail38

Investment Securities (Details Narrative) - USD ($) $ in Thousands	6 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Sep. 30, 2016
Investments, Debt and Equity Securities [Abstract]
Proceeds from sale of securities available for sale	$ 3,900	$ 29,500
Available-for-sale securities, gross realized gains	58	198
Available-for-sale securities, gross realized losses		$ 6
Fair value of available for sale securities trasferred	$ 513		$ 552

Investment Securities (Detail39

Investment Securities (Details Narrative 1)	Mar. 31, 2017Security
U S Government Agencies [Member]
Schedule of Investments [Line Items]
Number of securities held in an unrealized loss position	2
State And Municipal Obligations [Member]
Schedule of Investments [Line Items]
Number of securities held in an unrealized loss position	9
Corporate Debt Securities [Member]
Schedule of Investments [Line Items]
Number of securities held in an unrealized loss position	14
Mortgage Backed Securities [Member]
Schedule of Investments [Line Items]
Number of securities held in an unrealized loss position	36
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 40

Loans Receivable and Related Allowance for Loan Losses (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015
Financing Receivable, Impaired [Line Items]
Total loans	$ 759,206		$ 578,386	$ 518,791
Deferred loan fees and cost, net	683		1,208
Allowance for loan losses	(7,181)	$ (6,177)	(5,434)	(4,937)	$ (4,576)	$ (4,667)
Total loans receivable, net	752,708		574,160
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Total loans	192,775		209,186	214,207
Allowance for loan losses	(1,042)	(1,162)	(1,201)	(1,399)	(1,297)	(1,486)
Construction and Development - Residential and Commercial Receivables [Member]
Financing Receivable, Impaired [Line Items]
Total loans	46,721		18,579	10,796
Allowance for loan losses	(1,343)	(874)	(199)	(74)	(46)	(30)
Construction And Development - Land Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	14,322		10,013	7,755
Allowance for loan losses	(128)	(90)	(97)	(106)	(106)	(35)
Construction And Development Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	61,043		28,592
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Total loans	383,170		231,439	173,160
Allowance for loan losses	(2,479)	(2,215)	(1,874)	(1,529)	(1,841)	(1,235)
Total loans receivable, net	1,300
Commercial Multi Family Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	12,838		19,515	20,548
Allowance for loan losses	(67)	(106)	(109)	(151)	(93)	(104)
Commercial - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	63,551		38,779	34,585
Allowance for loan losses	(369)	(208)	(158)	(193)	(167)	(108)
Commercial [Member]
Financing Receivable, Impaired [Line Items]
Total loans	459,559		289,733
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Total loans	19,214		19,757	21,712
Allowance for loan losses	(107)	(111)	(116)	(133)	(128)	(139)
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	25,103		29,204	33,987
Allowance for loan losses	(415)	(408)	(467)	(580)	(660)	(761)
Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	1,512		1,914	2,041
Allowance for loan losses	(20)	$ (28)	(34)	$ (29)	$ (18)	$ (24)
Consumer Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	$ 45,829		$ 50,875

Loans Receivable and Related 41

Loans Receivable and Related Allowance for Loan Losses (Details 1) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016	Sep. 30, 2016
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, beginning balance	$ 6,177	$ 4,576	$ 5,434	$ 4,667	$ 4,667
Charge-offs	(50)	(102)	(126)	(406)	(560)
Recoveries	57	88	216	301	380
Provision (credit)	997	375	1,657	375	947
Allowance for loan losses, ending balance	7,181	4,937	7,181	4,937	5,434
Allowance for loan losses: ending balance: individually evaluated for impairment	215	24	215	24	23
Allowance for loan losses: ending balance: collectively evaluated for impairment	6,966	4,913	6,966	4,913	5,411
Loans receivable, ending balance	759,206	518,791	759,206	518,791	578,386
Loans receivable: ending balance: individually evaluated for impairment	3,438	2,430	3,438	2,430	3,658
Loans Receivable: ending balance: collectively evaluated for impairment	755,768	516,361	755,768	516,361	574,728
Residential Mortgage [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, beginning balance	1,162	1,297	1,201	1,486	1,486
Charge-offs				(9)	(9)
Recoveries		40		40	17
Provision (credit)	(120)	62	(159)	(118)	(293)
Allowance for loan losses, ending balance	1,042	1,399	1,042	1,399	1,201
Allowance for loan losses: ending balance: individually evaluated for impairment
Allowance for loan losses: ending balance: collectively evaluated for impairment	1,042	1,399	1,042	1,399	1,201
Loans receivable, ending balance	192,775	214,207	192,775	214,207	209,186
Loans receivable: ending balance: individually evaluated for impairment	2,094	624	2,094	624	1,159
Loans Receivable: ending balance: collectively evaluated for impairment	190,681	213,583	190,681	213,583	208,027
Construction and Development - Residential and Commercial Receivables [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, beginning balance	874	46	199	30	30
Charge-offs					(91)
Recoveries		16	90	204	243
Provision (credit)	469	12	1,054	(160)	17
Allowance for loan losses, ending balance	1,343	74	1,343	74	199
Allowance for loan losses: ending balance: individually evaluated for impairment
Allowance for loan losses: ending balance: collectively evaluated for impairment	1,343	74	1,343	74	199
Loans receivable, ending balance	46,721	10,796	46,721	10,796	18,579
Loans receivable: ending balance: individually evaluated for impairment	109	121	109	121	109
Loans Receivable: ending balance: collectively evaluated for impairment	46,612	10,675	46,612	10,675	18,470
Construction And Development - Land Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, beginning balance	90	106	97	35	35
Charge-offs
Recoveries
Provision (credit)	38		31	71	62
Allowance for loan losses, ending balance	128	106	128	106	97
Allowance for loan losses: ending balance: individually evaluated for impairment
Allowance for loan losses: ending balance: collectively evaluated for impairment	128	106	128	106	97
Loans receivable, ending balance	14,322	7,755	14,322	7,755	10,013
Loans receivable: ending balance: individually evaluated for impairment
Loans Receivable: ending balance: collectively evaluated for impairment	14,322	7,755	14,322	7,755	10,013
Commercial Real Estate [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, beginning balance	2,215	1,841	1,874	1,235	1,235
Charge-offs		(1)		(99)	(99)
Recoveries	26	1	30	3	3
Provision (credit)	238	(312)	575	390	735
Allowance for loan losses, ending balance	2,479	1,529	2,479	1,529	1,874
Allowance for loan losses: ending balance: individually evaluated for impairment
Allowance for loan losses: ending balance: collectively evaluated for impairment	2,479	1,529	2,479	1,529	1,874
Loans receivable, ending balance	383,170	173,160	383,170	173,160	231,439
Loans receivable: ending balance: individually evaluated for impairment	752	1,468	752	1,468	2,039
Loans Receivable: ending balance: collectively evaluated for impairment	382,418	171,692	382,418	171,692	229,400
Commercial Multi Family Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, beginning balance	106	93	109	104	104
Charge-offs
Recoveries
Provision (credit)	(39)	58	(42)	47	5
Allowance for loan losses, ending balance	67	151	67	151	109
Allowance for loan losses: ending balance: individually evaluated for impairment
Allowance for loan losses: ending balance: collectively evaluated for impairment	67	151	67	151	109
Loans receivable, ending balance	12,838	20,548	12,838	20,548	19,515
Loans receivable: ending balance: individually evaluated for impairment
Loans Receivable: ending balance: collectively evaluated for impairment	12,838	20,548	12,838	20,548	19,515
Commercial - Other Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, beginning balance	208	167	158	108	108
Charge-offs
Recoveries	1	1	6	2	3
Provision (credit)	160	25	205	83	47
Allowance for loan losses, ending balance	369	193	369	193	158
Allowance for loan losses: ending balance: individually evaluated for impairment	116		116
Allowance for loan losses: ending balance: collectively evaluated for impairment	253	193	253	193	158
Loans receivable, ending balance	63,551	34,585	63,551	34,585	38,779
Loans receivable: ending balance: individually evaluated for impairment	249		249
Loans Receivable: ending balance: collectively evaluated for impairment	63,302	34,585	63,302	34,585	38,779
Consumer - Home Equity Lines of Credit [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, beginning balance	111	128	116	139	139
Charge-offs
Recoveries	1		2		1
Provision (credit)	(5)	5	(11)	(6)	(24)
Allowance for loan losses, ending balance	107	133	107	133	116
Allowance for loan losses: ending balance: individually evaluated for impairment
Allowance for loan losses: ending balance: collectively evaluated for impairment	107	133	107	133	116
Loans receivable, ending balance	19,214	21,712	19,214	21,712	19,757
Loans receivable: ending balance: individually evaluated for impairment	60	20	60	20	74
Loans Receivable: ending balance: collectively evaluated for impairment	19,154	21,692	19,154	21,692	19,683
Consumer - Second Mortgages Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, beginning balance	408	660	467	761	761
Charge-offs	(50)	(58)	(121)	(255)	(291)
Recoveries	25	23	82	44	100
Provision (credit)	32	(45)	(13)	30	(103)
Allowance for loan losses, ending balance	415	580	415	580	467
Allowance for loan losses: ending balance: individually evaluated for impairment	99	24	99	24	23
Allowance for loan losses: ending balance: collectively evaluated for impairment	316	556	316	556	444
Loans receivable, ending balance	25,103	33,987	25,103	33,987	29,204
Loans receivable: ending balance: individually evaluated for impairment	174	197	174	197	277
Loans Receivable: ending balance: collectively evaluated for impairment	24,929	33,790	24,929	33,790	28,927
Consumer - Other Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, beginning balance	28	18	34	24	24
Charge-offs		(43)	(5)	(43)	(70)
Recoveries	4	7	6	8	13
Provision (credit)	(12)	47	(15)	40	67
Allowance for loan losses, ending balance	20	29	20	29	34
Allowance for loan losses: ending balance: individually evaluated for impairment
Allowance for loan losses: ending balance: collectively evaluated for impairment	20	29	20	29	34
Loans receivable, ending balance	1,512	2,041	1,512	2,041	1,914
Loans receivable: ending balance: individually evaluated for impairment
Loans Receivable: ending balance: collectively evaluated for impairment	1,512	2,041	1,512	2,041	1,914
Unallocated [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, beginning balance	975	220	1,179	745	745
Charge-offs
Recoveries
Provision (credit)	236	523	32	(2)	434
Allowance for loan losses, ending balance	1,211	743	1,211	743	1,179
Allowance for loan losses: ending balance: individually evaluated for impairment
Allowance for loan losses: ending balance: collectively evaluated for impairment	$ 1,211	$ 743	$ 1,211	$ 743	$ 1,179

Loans Receivable and Related 42

Loans Receivable and Related Allowance for Loan Losses (Details 2) - USD ($) $ in Thousands	Mar. 31, 2017	Sep. 30, 2016
Financing Receivable, Impaired [Line Items]
Impaired Loans With Specific Allowance, Recorded Investment	$ 361	$ 31
Impaired Loans With Specific Allowance, Related Allowance	215	23
Impaired Loans With No Specific Allowance, Recorded Investment	3,077	3,627
Total Impaired Loans Recorded Investment	3,438	3,658
Total Impaired Loans Unpaid Principal Balance	3,612	3,914
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans With Specific Allowance, Recorded Investment
Impaired Loans With Specific Allowance, Related Allowance
Impaired Loans With No Specific Allowance, Recorded Investment	2,094	1,159
Total Impaired Loans Recorded Investment	2,094	1,159
Total Impaired Loans Unpaid Principal Balance	2,215	1,225
Construction and Development - Residential and Commercial Receivables [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans With Specific Allowance, Recorded Investment
Impaired Loans With Specific Allowance, Related Allowance
Impaired Loans With No Specific Allowance, Recorded Investment	109	109
Total Impaired Loans Recorded Investment	109	109
Total Impaired Loans Unpaid Principal Balance	109	109
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans With Specific Allowance, Recorded Investment
Impaired Loans With Specific Allowance, Related Allowance
Impaired Loans With No Specific Allowance, Recorded Investment	752	2,039
Total Impaired Loans Recorded Investment	752	2,039
Total Impaired Loans Unpaid Principal Balance	758	2,039
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans With Specific Allowance, Recorded Investment
Impaired Loans With Specific Allowance, Related Allowance
Impaired Loans With No Specific Allowance, Recorded Investment	60	74
Total Impaired Loans Recorded Investment	60	74
Total Impaired Loans Unpaid Principal Balance	81	90
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans With Specific Allowance, Recorded Investment	112	31
Impaired Loans With Specific Allowance, Related Allowance	99	23
Impaired Loans With No Specific Allowance, Recorded Investment	62	246
Total Impaired Loans Recorded Investment	174	227
Total Impaired Loans Unpaid Principal Balance	200	$ 451
Commercial - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans With Specific Allowance, Recorded Investment	249
Impaired Loans With Specific Allowance, Related Allowance	116
Impaired Loans With No Specific Allowance, Recorded Investment
Total Impaired Loans Recorded Investment	249
Total Impaired Loans Unpaid Principal Balance	$ 249

Loans Receivable and Related 43

Loans Receivable and Related Allowance for Loan Losses (Details 3) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	$ 3,327	$ 2,442	$ 3,687	$ 2,447
Interest Income Recognized on Impaired Loans	21	17	47	32
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	2,178	626	2,099	606
Interest Income Recognized on Impaired Loans	13		33
Construction and Development - Residential and Commercial Receivables [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	109	121	109	121
Interest Income Recognized on Impaired Loans	1	1	2	2
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	755	1,475	1,187	1,506
Interest Income Recognized on Impaired Loans	5	16	9	30
Commercial - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	86		43
Interest Income Recognized on Impaired Loans	2		2
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	60	20	65	20
Interest Income Recognized on Impaired Loans
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	139	200	184	194
Interest Income Recognized on Impaired Loans			$ 1

Loans Receivable and Related 44

Loans Receivable and Related Allowance for Loan Losses (Details 4) - USD ($) $ in Thousands	Mar. 31, 2017	Sep. 30, 2016	Mar. 31, 2016
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	$ 759,206	$ 578,386	$ 518,791
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	192,775	209,186	214,207
Construction and Development - Residential and Commercial Receivables [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	46,721	18,579	10,796
Construction And Development - Land Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	14,322	10,013	7,755
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	383,170	231,439	173,160
Commercial Multi Family Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	12,838	19,515	20,548
Commercial - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	63,551	38,779	34,585
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	19,214	19,757	21,712
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	25,103	29,204	33,987
Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	1,512	1,914	$ 2,041
Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	741,534	564,586
Pass [Member] | Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	190,419	207,880
Pass [Member] | Construction and Development - Residential and Commercial Receivables [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	46,612	18,470
Pass [Member] | Construction And Development - Land Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	8,606	10,013
Pass [Member] | Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	375,626	221,742
Pass [Member] | Commercial Multi Family Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	12,631	19,303
Pass [Member] | Commercial - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	62,639	37,848
Pass [Member] | Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	19,055	19,584
Pass [Member] | Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	24,443	27,843
Pass [Member] | Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	1,503	1,903
Special Mention [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	5,296	5,713
Special Mention [Member] | Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	119	122
Special Mention [Member] | Construction and Development - Residential and Commercial Receivables [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross
Special Mention [Member] | Construction And Development - Land Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross
Special Mention [Member] | Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	4,847	4,990
Special Mention [Member] | Commercial Multi Family Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	207	212
Special Mention [Member] | Commercial - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross		259
Special Mention [Member] | Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross
Special Mention [Member] | Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	115	119
Special Mention [Member] | Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	8	11
Substandard [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	12,376	8,087
Substandard [Member] | Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	2,237	1,184
Substandard [Member] | Construction and Development - Residential and Commercial Receivables [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	109	109
Substandard [Member] | Construction And Development - Land Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	5,716
Substandard [Member] | Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	2,697	4,707
Substandard [Member] | Commercial Multi Family Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross
Substandard [Member] | Commercial - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	912	672
Substandard [Member] | Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	159	173
Substandard [Member] | Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	545	1,242
Substandard [Member] | Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	1
Doubtful [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross
Doubtful [Member] | Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross
Doubtful [Member] | Construction and Development - Residential and Commercial Receivables [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross
Doubtful [Member] | Construction And Development - Land Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross
Doubtful [Member] | Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross
Doubtful [Member] | Commercial Multi Family Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross
Doubtful [Member] | Commercial - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross
Doubtful [Member] | Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross
Doubtful [Member] | Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross
Doubtful [Member] | Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross

Loans Receivable and Related 45

Loans Receivable and Related Allowance for Loan Losses (Details 5) - USD ($) $ in Thousands	Mar. 31, 2017	Sep. 30, 2016
Financing Receivable, Impaired [Line Items]
Total non-accrual loans	$ 1,566	$ 1,617
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Total non-accrual loans	1,225	1,072
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Total non-accrual loans	188	193
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Total non-accrual loans	60	74
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total non-accrual loans	$ 93	$ 278

Loans Receivable and Related 46

Loans Receivable and Related Allowance for Loan Losses (Details 6) - USD ($) $ in Thousands	Mar. 31, 2017	Sep. 30, 2016	Mar. 31, 2016
Financing Receivable, Impaired [Line Items]
Current	$ 754,709	$ 571,774
Past Due	4,497	6,612
Total Loans Receivable	759,206	578,386	$ 518,791
Accruing 90 Days or More Past Due	122	696
30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	3,122	2,740
60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	268	1,954
Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	1,107	1,918
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Current	189,751	204,816
Past Due	3,024	4,370
Total Loans Receivable	192,775	209,186	214,207
Accruing 90 Days or More Past Due	20	509
Residential Mortgage [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	1,921	1,750
Residential Mortgage [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	144	1,345
Residential Mortgage [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	959	1,275
Construction and Development - Residential and Commercial Receivables [Member]
Financing Receivable, Impaired [Line Items]
Current	46,721	18,579
Past Due
Total Loans Receivable	46,721	18,579	10,796
Accruing 90 Days or More Past Due
Construction and Development - Residential and Commercial Receivables [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due
Construction and Development - Residential and Commercial Receivables [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due
Construction and Development - Residential and Commercial Receivables [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due
Construction And Development - Land Receivable [Member]
Financing Receivable, Impaired [Line Items]
Current	14,322	10,013
Past Due
Total Loans Receivable	14,322	10,013	7,755
Accruing 90 Days or More Past Due
Construction And Development - Land Receivable [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due
Construction And Development - Land Receivable [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due
Construction And Development - Land Receivable [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Current	383,615	231,059
Past Due	555	380
Total Loans Receivable	383,170	231,439	173,160
Accruing 90 Days or More Past Due		187
Commercial Real Estate [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	555
Commercial Real Estate [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due
Commercial Real Estate [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due		380
Commercial Multi Family Receivable [Member]
Financing Receivable, Impaired [Line Items]
Current	12,838	19,515
Past Due
Total Loans Receivable	12,838	19,515	20,548
Accruing 90 Days or More Past Due
Commercial Multi Family Receivable [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due
Commercial Multi Family Receivable [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due
Commercial Multi Family Receivable [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due
Commercial - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Current	63,551	38,433
Past Due		346
Total Loans Receivable	63,551	38,779	34,585
Accruing 90 Days or More Past Due
Commercial - Other Receivable [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due		346
Commercial - Other Receivable [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due
Commercial - Other Receivable [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Current	19,064	19,513
Past Due	150	244
Total Loans Receivable	19,214	19,757	21,712
Accruing 90 Days or More Past Due
Consumer - Home Equity Lines of Credit [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	141	170
Consumer - Home Equity Lines of Credit [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due		43
Consumer - Home Equity Lines of Credit [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	9	31
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Current	24,337	27,933
Past Due	766	1,271
Total Loans Receivable	25,103	29,204	33,987
Accruing 90 Days or More Past Due	101
Consumer - Second Mortgages Receivable [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	504	473
Consumer - Second Mortgages Receivable [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	124	566
Consumer - Second Mortgages Receivable [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	138	232
Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Current	1,510	1,913
Past Due	2	1
Total Loans Receivable	1,512	1,914	$ 2,041
Accruing 90 Days or More Past Due	1
Consumer - Other Receivable [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	1	1
Consumer - Other Receivable [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due
Consumer - Other Receivable [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	$ 1

Loans Receivable and Related 47

Loans Receivable and Related Allowance for Loan Losses (Details 7) $ in Thousands	6 Months Ended	12 Months Ended
	Mar. 31, 2017USD ($)Loan	Sep. 30, 2016USD ($)Loan
Total Troubled Debt Restructurings, Number of Loans | Loan	11	7
Total Troubled Debt Restructurings, Recorded Investment | $	$ 2,066	$ 2,178
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Number of Loans | Loan	3	1
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Recorded Investment | $	$ 443	$ 139
Residential Mortgage [Member]
Total Troubled Debt Restructurings, Number of Loans | Loan	5	2
Total Troubled Debt Restructurings, Recorded Investment | $	$ 1,126	$ 224
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Number of Loans | Loan	1	1
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Recorded Investment | $	$ 230	$ 139
Construction and Development - Residential and Commercial Receivables [Member]
Total Troubled Debt Restructurings, Number of Loans | Loan	1	1
Total Troubled Debt Restructurings, Recorded Investment | $	$ 109	$ 109
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Number of Loans | Loan
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Recorded Investment | $
Commercial Real Estate [Member]
Total Troubled Debt Restructurings, Number of Loans | Loan	3	4
Total Troubled Debt Restructurings, Recorded Investment | $	$ 752	$ 1,845
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Number of Loans | Loan	1
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Recorded Investment | $	$ 188
Consumer - Second Mortgages Receivable [Member]
Total Troubled Debt Restructurings, Number of Loans | Loan	2
Total Troubled Debt Restructurings, Recorded Investment | $	$ 79
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Number of Loans | Loan	1
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Recorded Investment | $	$ 25

Loans Receivable and Related 48

Loans Receivable and Related Allowance for Loan Losses (Details 8) - USD ($) $ in Thousands	Mar. 31, 2017	Sep. 30, 2016	Mar. 31, 2016
Recorded Investment	$ 2,066	$ 2,178
Performing Financing Receivable [Member]
Recorded Investment	1,623	2,039
Nonperforming Financing Receivable [Member]
Recorded Investment	443	139
Residential Mortgage [Member]
Recorded Investment	1,126	224
Residential Mortgage [Member] | Performing Financing Receivable [Member]
Recorded Investment	896	85
Residential Mortgage [Member] | Nonperforming Financing Receivable [Member]
Recorded Investment	230	139
Construction and Development - Residential and Commercial Receivables [Member]
Recorded Investment	109	109
Construction and Development - Residential and Commercial Receivables [Member] | Performing Financing Receivable [Member]
Recorded Investment	109	109
Construction and Development - Residential and Commercial Receivables [Member] | Nonperforming Financing Receivable [Member]
Recorded Investment
Commercial Real Estate [Member]
Recorded Investment	752	1,845
Commercial Real Estate [Member] | Performing Financing Receivable [Member]
Recorded Investment	564	1,845
Commercial Real Estate [Member] | Nonperforming Financing Receivable [Member]
Recorded Investment	188
Consumer - Second Mortgages Receivable [Member]
Recorded Investment	79
Consumer - Second Mortgages Receivable [Member] | Performing Financing Receivable [Member]
Recorded Investment	54
Consumer - Second Mortgages Receivable [Member] | Nonperforming Financing Receivable [Member]
Recorded Investment	$ 25

Loans Receivable and Related 49

Loans Receivable and Related Allowance for Loan Losses (Details 9) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2017USD ($)Loan	Mar. 31, 2016USD ($)	Mar. 31, 2017USD ($)Loan	Mar. 31, 2016USD ($)Loan
Number of loans | Loan	4		6
Pre-Modifications Outstanding Recorded Investments	$ 508		$ 1,163
Post-Modifications Outstanding Recorded Investments	$ 508		$ 1,163
Residential Mortgage [Member]
Number of loans | Loan	1		3
Pre-Modifications Outstanding Recorded Investments	$ 234		$ 889
Post-Modifications Outstanding Recorded Investments	$ 234		$ 889
Commercial Real Estate [Member]
Number of loans | Loan	1		1
Pre-Modifications Outstanding Recorded Investments	$ 193		$ 193
Post-Modifications Outstanding Recorded Investments	$ 193		$ 193
Consumer - Second Mortgages Receivable [Member]
Number of loans | Loan	2		2
Pre-Modifications Outstanding Recorded Investments	$ 81		$ 81
Post-Modifications Outstanding Recorded Investments	$ 81		$ 81

Loans Receivable and Related 50

Loans Receivable and Related Allowance for Loan Losses (Details Narrative) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Mar. 31, 2017USD ($)	Mar. 31, 2016USD ($)	Mar. 31, 2017USD ($)Loan	Mar. 31, 2016USD ($)	Sep. 30, 2016USD ($)Loan
Non accrual loans interest income	$ 12	$ 15	$ 23	$ 21
Number of loans | Loan			11		7
Recorded Investment	2,066		$ 2,066		$ 2,178
Loan outstanding balance	752,708		752,708		574,160
Loans past due 90 days or more and still accruing interest	122		122		696
Performing Financing Receivable [Member]
Recorded Investment	1,623		1,623		2,039
Nonperforming Financing Receivable [Member]
Recorded Investment	443		$ 443		$ 139
Commercial Real Estate [Member]
Number of loans | Loan			3		4
Recorded Investment	752		$ 752		$ 1,845
Number of loans sold | Loan			2
Loan outstanding balance	1,300		$ 1,300
Loans past due 90 days or more and still accruing interest					187
Commercial Real Estate [Member] | Performing Financing Receivable [Member]
Recorded Investment	564		564		1,845
Commercial Real Estate [Member] | Nonperforming Financing Receivable [Member]
Recorded Investment	188		188
Loan outstanding balance	188		$ 188
Construction and Development - Residential and Commercial Receivables [Member]
Number of loans | Loan			1		1
Recorded Investment	109		$ 109		$ 109
Real estate through foreclosure	690		690		141
Loans past due 90 days or more and still accruing interest
Construction and Development - Residential and Commercial Receivables [Member] | Performing Financing Receivable [Member]
Recorded Investment	109		109		109
Construction and Development - Residential and Commercial Receivables [Member] | Nonperforming Financing Receivable [Member]
Recorded Investment
Residential Mortgage [Member]
Number of loans | Loan			5		2
Recorded Investment	1,126		$ 1,126		$ 224
Loans past due 90 days or more and still accruing interest	20		20		509
Residential Mortgage [Member] | Performing Financing Receivable [Member]
Recorded Investment	896		896		85
Loan outstanding balance	655		655
Residential Mortgage [Member] | Nonperforming Financing Receivable [Member]
Recorded Investment	230		230		$ 139
Loan outstanding balance	230		$ 230
Consumer - Second Mortgages Receivable [Member]
Number of loans | Loan			2
Recorded Investment	79		$ 79
Loans past due 90 days or more and still accruing interest	101		101
Consumer - Second Mortgages Receivable [Member] | Performing Financing Receivable [Member]
Recorded Investment	54		54
Loan outstanding balance	54		54
Consumer - Second Mortgages Receivable [Member] | Nonperforming Financing Receivable [Member]
Recorded Investment	25		25
Loan outstanding balance	$ 25		$ 25

Regulatory Matters (Details)

Regulatory Matters (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Sep. 30, 2016	Jan. 02, 2016	Jan. 02, 2015
Parent Company [Member]
Capital (to adjusted tangible assets): Actual Amount	$ 94,039	$ 90,310
Common equity Tier 1(to risk-weighted assets): Actual Amount	94,039	90,310
Tier 1 Capital (to risk-weighted assets): Actual Amount	94,039	90,310
Total Capital (to risk-weighted assets): Actual Amount	$ 125,795	$ 95,806
Capital (to adjusted tangible assets): Actual Ratio	10.32%	11.45%
Common equity Tier 1(to risk-weighted assets): Actual Ratio	12.08%	15.11%
Tier 1 Capital (to risk-weighted assets): Actual Ratio	12.08%	15.11%
Total Capital (to risk-weighted assets): Actual Ratio	16.16%	16.03%
Capital (to adjusted tangible assets): For Capital Adequacy Purposes Amount	$ 36,458	$ 31,561
Common equity Tier 1(to risk-weighted assets): For Capital Adequacy Purposes Amount	35,029	26,894
Tier 1 Capital (to risk-weighted assets): For Capital Adequacy Purposes Amount	46,705	35,859
Total Capital (to risk-weighted assets): For Capital Adequacy Purposes Amount	$ 62,274	$ 47,812
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%	4.50%
Tier 1 Capital (to risk-weighted assets): For Capital Adequacy Purposes Ratio	6.00%	6.00%
Total Capital (to risk-weighted assets): For Capital Adequacy Purposes Ratio	8.00%	8.00%
Capital (to adjusted tangible assets): To be Well Capitalized under Prompt Corrective Action Provisions Capital Amount	$ 45,572	$ 39,452
Common equity Tier 1(to risk-weighted assets): To be Well Capitalized under Prompt Corrective Action Provisions Capital Amount	50,597	38,847
Tier 1 Capital (to risk-weighted assets): To be Well Capitalized under Prompt Corrective Action Provisions Capital Amount	62,274	47,812
Total Capital (to risk-weighted assets): To be Well Capitalized under Prompt Corrective Action Provisions Capital Amount	$ 77,842	$ 59,765
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 Capital (to risk-weighted assets): To be Well Capitalized under Prompt Corrective Action Provisions Ratio	10.00%	10.00%
Malvern Federal Savings Bank [Member]
Capital (to adjusted tangible assets): Actual Amount	$ 112,436	$ 85,030
Common equity Tier 1(to risk-weighted assets): Actual Amount	112,436	85,030
Tier 1 Capital (to risk-weighted assets): Actual Amount	112,436	85,030
Total Capital (to risk-weighted assets): Actual Amount	$ 119,697	$ 90,526
Capital (to adjusted tangible assets): Actual Ratio	12.35%	10.79%
Common equity Tier 1(to risk-weighted assets): Actual Ratio	14.53%	14.24%
Tier 1 Capital (to risk-weighted assets): Actual Ratio	14.53%	14.24%
Total Capital (to risk-weighted assets): Actual Ratio	15.46%	15.16%	10.50%
Capital (to adjusted tangible assets): For Capital Adequacy Purposes Amount	$ 36,428	$ 31,533
Common equity Tier 1(to risk-weighted assets): For Capital Adequacy Purposes Amount	34,834	26,875
Tier 1 Capital (to risk-weighted assets): For Capital Adequacy Purposes Amount	46,445	35,834
Total Capital (to risk-weighted assets): For Capital Adequacy Purposes Amount	$ 61,927	$ 47,779
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%	4.50%	7.00%	4.00%
Tier 1 Capital (to risk-weighted assets): For Capital Adequacy Purposes Ratio	6.00%	6.00%	8.50%	6.00%
Total Capital (to risk-weighted assets): For Capital Adequacy Purposes Ratio	8.00%	8.00%
Capital (to adjusted tangible assets): To be Well Capitalized under Prompt Corrective Action Provisions Capital Amount	$ 45,535	$ 39,417
Common equity Tier 1(to risk-weighted assets): To be Well Capitalized under Prompt Corrective Action Provisions Capital Amount	50,315	38,820
Tier 1 Capital (to risk-weighted assets): To be Well Capitalized under Prompt Corrective Action Provisions Capital Amount	61,927	47,779
Total Capital (to risk-weighted assets): To be Well Capitalized under Prompt Corrective Action Provisions Capital Amount	$ 77,408	$ 59,723
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 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, 2017	Sep. 30, 2016	Jan. 02, 2016	Jan. 02, 2015
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Common equity Tier 1 capital ratio	4.50%	4.50%	7.00%	4.00%
Tier 1 capital ratio	6.00%	6.00%	8.50%	6.00%
Tier 1 Capital coservation buffer			2.50%
Total capital ratio	15.46%	15.16%	10.50%
Capital conservation buffer percentage of risk-weighted assets			0.625%

Derivatives and Hedging Activ53

Derivatives and Hedging Activities (Details) - Designated as Hedging Instrument [Member] - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Mar. 31, 2017	Sep. 30, 2016
Other Assets [Member] | Interest Rate Swap Due On February 1, 2021 [Member]
Notional Amount	$ 20,000
Fair Value	$ 455
Effective Date	Feb. 5, 2016
Other Assets [Member] | Interest Rate Swap Due On August 3, 2020 [Member]
Notional Amount	$ 15,000
Fair Value	$ 23
Effective Date	Aug. 3, 2015
Other Liabilities [Member] | Interest Rate Swap Due On August 3, 2020 [Member]
Notional Amount		$ 15,000
Fair Value		$ 394
Effective Date		Aug. 3, 2015
Other Liabilities [Member] | Interest Rate Swap Due On February 1, 2021 [Member]
Notional Amount		$ 20,000
Fair Value		$ 148
Effective Date		Feb. 5, 2016

Derivatives and Hedging Activ54

Derivatives and Hedging Activities (Details 1) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016
Interest Rate Swap Due On August 3, 2020 [Member]
Amount of Gain (Loss) Recognized in OCI (Effective Portion)	$ 13	$ (397)	$ 351	$ (244)
Amount of Gain (Loss) Reclassified from OCI to Interest Expense	(30)	(48)	(66)	(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)	16	(166)	564	(166)
Amount of Gain (Loss) Reclassified from OCI to Interest Expense	(16)	(21)	(39)	(21)
Amount of Gain (Loss) Recognized in Other Non-Interest Income (Ineffective Portion)

Derivatives and Hedging Activ55

Derivatives and Hedging Activities (Details Narrative) - Interest Rate Swap Due On August 3, 2020 [Member] - USD ($) $ in Thousands	6 Months Ended
	Mar. 31, 2017	Sep. 30, 2016
Increased in interest expense	$ 50
Derivatives net liability position	0	$ 586
Derivatives minimum collateral posting thresholds	$ 0	$ 800

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Sep. 30, 2016
Assets:
Investment securities available for sale, at fair value	$ 61,672	$ 66,387
State And Municipal Obligations [Member]
Assets:
Investment securities available for sale, at fair value	20,948	25,307
Single Issuer Trust Preferred Security [Member]
Assets:
Investment securities available for sale, at fair value	900	878
Corporate Debt Securities [Member]
Assets:
Investment securities available for sale, at fair value	39,574	40,202
Mutual Fund [Member]
Assets:
Investment securities available for sale, at fair value	250
Fair Value, Inputs, Level 1 [Member]
Assets:
Investment securities available for sale, at fair value	250
Derivative instruments
Liabilities:
Derivative instruments
Fair Value, Inputs, Level 2 [Member]
Assets:
Investment securities available for sale, at fair value	61,422	66,387
Derivative instruments	478
Liabilities:
Derivative instruments		542
Fair Value, Inputs, Level 3 [Member]
Assets:
Investment securities available for sale, at fair value
Derivative instruments
Liabilities:
Derivative instruments
Fair Value, Measurements, Recurring [Member]
Assets:
Investment securities available for sale, at fair value	61,672	66,387
Derivative instruments	478
Liabilities:
Derivative instruments		542
Fair Value, Measurements, Recurring [Member] | State And Municipal Obligations [Member]
Assets:
Investment securities available for sale, at fair value	20,948	25,307
Fair Value, Measurements, Recurring [Member] | Single Issuer Trust Preferred Security [Member]
Assets:
Investment securities available for sale, at fair value	900	878
Fair Value, Measurements, Recurring [Member] | Corporate Debt Securities [Member]
Assets:
Investment securities available for sale, at fair value	39,574	40,202
Fair Value, Measurements, Recurring [Member] | Mutual Fund [Member]
Assets:
Investment securities available for sale, at fair value	250
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Assets:
Investment securities available for sale, at fair value	250
Derivative instruments
Liabilities:
Derivative instruments
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] | Mutual Fund [Member]
Assets:
Investment securities available for sale, at fair value	250
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Assets:
Investment securities available for sale, at fair value	61,422	66,387
Derivative instruments	478
Liabilities:
Derivative instruments		542
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	20,948	25,307
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	900	878
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Corporate Debt Securities [Member]
Assets:
Investment securities available for sale, at fair value	39,574	40,202
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Mutual Fund [Member]
Assets:
Investment securities available for sale, at fair value
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Assets:
Investment securities available for sale, at fair value
Derivative instruments
Liabilities:
Derivative instruments
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] | Mutual Fund [Member]
Assets:
Investment securities available for sale, at fair value

Fair Value Measurements (Deta57

Fair Value Measurements (Details 1) - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Thousands	Mar. 31, 2017		Sep. 30, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value, nonrecurring basis	$ 146		$ 8
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
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value, nonrecurring basis	146		8
Impaired Loans Net [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value, nonrecurring basis	146	[1]	8	[2]
Impaired Loans Net [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value, nonrecurring basis
Impaired Loans Net [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value, nonrecurring basis
Impaired Loans Net [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value, nonrecurring basis	$ 146	[1]	$ 8	[2]
[1]	At March 31, 2017, consisted of four loans with an aggregate balance of $361,000 and with $215,000 in specific loan loss allowance.
[2]	At September 30, 2016, consisted of one loan with an aggregate balance of $31,000 and with $23,000 in specific loan loss allowance.

Fair Value Measurements (Deta58

Fair Value Measurements (Details 2) - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Thousands		6 Months Ended		12 Months Ended
		Mar. 31, 2017		Sep. 30, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value		$ 146		$ 8
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value		146		8
Impaired Loans Net [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value		146	[1]	8	[2]
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		$ 146	[1]	$ 8	[2]
Valuation Technique	[3]	Appraisal of collateral	[1]	Appraisal of collateral	[2]
Unobservable Input	[4]	Collateral discounts	[1]	Collateral discounts	[2]
Fair Value Inputs, Discount Rate		0.00%	[1]	0.00%	[2]
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		0.00%	[1]	0.00%	[2]
[1]	At March 31, 2017, consisted of four loans with an aggregate balance of $361,000 and with $215,000 in specific loan loss allowance.
[2]	At September 30, 2016, consisted of one loan with an aggregate balance of $31,000 and with $23,000 in specific loan loss allowance.
[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 (Deta59

Fair Value Measurements (Details 3) - USD ($) $ in Thousands	Mar. 31, 2017	Sep. 30, 2016
Financial assets:
Investment securities available-for-sale	$ 61,672	$ 66,387
Investment securities held-to-maturity	36,441	40,817
Fair Value, Inputs, Level 1 [Member]
Financial assets:
Cash and cash equivalents	65,752	96,762
Investment securities available-for-sale	250
Investment securities held-to-maturity
Loans receivable, net (including impaired loans)
Accrued interest receivable
Restricted stock
Mortgage servicing rights (included in Other Assets)
Derivatives (included in Other Assets)
Financial liabilities:
Savings accounts
Checking and NOW accounts
Money market accounts
Certificates of deposit
FHLB advances
Short-term borrowing
Subordinated debt
Derivatives (included in Other Liabilities)
Accrued interest payable
Fair Value, Inputs, Level 2 [Member]
Financial assets:
Cash and cash equivalents
Investment securities available-for-sale	61,422	66,387
Investment securities held-to-maturity	36,441	40,817
Loans receivable, net (including impaired loans)
Accrued interest receivable	3,177	2,558
Restricted stock	5,397	5,424
Mortgage servicing rights (included in Other Assets)	312	308
Derivatives (included in Other Assets)	478
Financial liabilities:
Savings accounts	43,913	44,714
Checking and NOW accounts	147,828	129,588
Money market accounts	251,671	177,486
Certificates of deposit	263,123	252,232
FHLB advances	118,857	119,946
Short-term borrowing	10,000
Subordinated debt	25,000
Derivatives (included in Other Liabilities)		542
Accrued interest payable	649	427
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 (including impaired loans)	753,835	589,844
Accrued interest receivable
Restricted stock
Mortgage servicing rights (included in Other Assets)
Derivatives (included in Other Assets)
Financial liabilities:
Savings accounts
Checking and NOW accounts
Money market accounts
Certificates of deposit
FHLB advances
Short-term borrowing
Subordinated debt
Derivatives (included in Other Liabilities)
Accrued interest payable
Carrying Amount [Member]
Financial assets:
Cash and cash equivalents	65,752	96,762
Investment securities available-for-sale	61,672	66,387
Investment securities held-to-maturity	37,060	40,551
Loans receivable, net (including impaired loans)	752,708	574,160
Accrued interest receivable	3,177	2,558
Restricted stock	5,397	5,424
Mortgage servicing rights (included in Other Assets)	297	328
Derivatives (included in Other Assets)	478
Financial liabilities:
Savings accounts	43,913	44,714
Checking and NOW accounts	147,828	129,588
Money market accounts	251,671	177,486
Certificates of deposit	260,860	250,258
FHLB advances	118,000	118,000
Short-term borrowing	10,000
Subordinated debt	25,000
Derivatives (included in Other Liabilities)		542
Accrued interest payable	649	427
Fair Value [Member]
Financial assets:
Cash and cash equivalents	65,752	96,762
Investment securities available-for-sale	61,672	66,387
Investment securities held-to-maturity	36,441	40,817
Loans receivable, net (including impaired loans)	753,835	589,844
Accrued interest receivable	3,177	2,558
Restricted stock	5,397	5,424
Mortgage servicing rights (included in Other Assets)	312	308
Derivatives (included in Other Assets)	478
Financial liabilities:
Savings accounts	43,913	44,714
Checking and NOW accounts	147,828	129,588
Money market accounts	251,671	177,486
Certificates of deposit	263,123	252,232
FHLB advances	118,857	119,946
Short-term borrowing	10,000
Subordinated debt	25,000
Derivatives (included in Other Liabilities)		542
Accrued interest payable	$ 649	$ 427

Fair Value Measurements (Deta60

Fair Value Measurements (Details Narrative) - USD ($) $ in Thousands	Mar. 31, 2017	Sep. 30, 2016
Impaired Loans with aggregate balance	$ 361	$ 31
Impaired Loans with specific loan loss allowance	215	23
Investment securities available for sale, at fair value	61,672	66,387
Fair Value, Inputs, Level 1 [Member]
Investment securities available for sale, at fair value	250
Fair Value, Measurements, Recurring [Member]
Investment securities available for sale, at fair value	61,672	66,387
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Investment securities available for sale, at fair value	$ 250

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Sep. 30, 2016
Deferred Tax Assets:
Unrealized loss on investments available-for-sale	$ 119
Allowance for loan losses	3,894	3,299
Non-accrual interest	39	56
Alternative minimum tax (AMT) credit carryover	390	287
Low-income housing tax credit carryover	217	217
Supplement Employer Retirement Plan	415	412
Charitable contributions	70	61
Depreciation	116	60
Federal net operating loss	2,734	4,344
Other	455	651
Total Deferred Tax Assets	8,449	9,387
Valuation allowance for DTA	(70)	(61)
Total Deferred Tax Assets, Net of Valuation Allowance	8,379	9,326
Deferred Tax Liabilities:
Unrealized gain on investment available-for-sale		(152)
Unrealized gain on derivatives	(162)
Mortgage servicing rights	(101)	(112)
Other	(235)	(235)
Total Deferred Tax Liabilities	(498)	(499)
Deferred Tax Assets, Net	$ 7,881	$ 8,827

Comprehensive Income (Loss) (De

Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Mar. 31, 2017	Sep. 30, 2016
Equity [Abstract]
Net unrealized holding (losses) gains on available-for-sale securities	$ (351)	$ 447
Tax effect	119	(152)
Net of tax amount	(232)	295
Fair value adjustments on derivatives	478	(542)
Tax effect	(163)	184
Net of tax amount	315	(358)
Total accumulated other comprehensive income (loss)	$ 83	$ (63)

Comprehensive Income (Loss) (63

Comprehensive Income (Loss) (Details 1) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016
Equity [Abstract]
Net unrealized holding gains (losses) on available-for-sale securities		$ 352	$ 1,620	$ (745)	$ 1,139
Net realized gains on securities available-for-sale	[1]	(58)	(61)	(58)	(192)
Amortization (accretion) of unrealized holding losses on securities available-for- sale transferred to held-to-maturity	[2]	2	2	6	4
Fair value adjustments on derivatives		74	(494)	1,019	(249)
Other comprehensive income before taxes		370	1,067	222	702
Tax effect		(127)	(363)	(76)	(133)
Total comprehensive income		$ 243	$ 704	$ 146	$ 569
[1]	Amounts are included in net gains on sales of investments, net on the Consolidated Statements of Operations in total other income.
[2]	Amounts are included in interest and dividends on investment securities on the Consolidated Statements of Operations.

Equity Based Incentive Compen64

Equity Based Incentive Compensation Plan (Details) - Malvern Bancorp, Inc. 2014 Long Term Incentive Compensation Plan (2014 Plan) [Member] - Stock Option [Member]	6 Months Ended
	Mar. 31, 2017$ / shares
Weighted average fair value of awards	$ 21
Risk-free rate	2.17%
Dividend yield
Volatility	28.23%
Expected life	6 years 6 months

Equity Based Incentive Compen65

Equity Based Incentive Compensation Plan (Details 1) - Malvern Bancorp, Inc. 2014 Long Term Incentive Compensation Plan (2014 Plan) [Member] - USD ($)	3 Months Ended		6 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Granted			11,000
Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding, beginning of year			5,000
Granted	7,000	5,000	7,000	5,000
Exercised
Forfeited/cancelled/expired			(1,000)
Outstanding, end of year	11,000		11,000
Vested and exercisable, end of the period	800		800
Vested and unvested exercisable, end of the period	800		800
Vested and expected to vest, end of year	11,000		11,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward]
Outstanding, beginning of year			$ 16.02
Granted			21
Exercised
Forfeited/cancelled/expired			16.02
Outstanding, end of year	$ 19.19		19.19
Vested and exercisable, end of the period	16.02		16.02
Vested and unvested exercisable, end of the period	16.02		16.02
Vested and expected to vest, end of year	$ 19.19		$ 19.19
Share-based Compensation Arrangement by Share-based Payment Award, Options, Weighted Average Remaining Contractual Life [Roll Forward]
Outstanding, end of year			9 years 7 months 17 days
Vested and exercisable, end of the period			8 years 11 months 30 days
Vested and unvested exercisable, end of the period			8 years 11 months 30 days
Vested and expected to vest, end of year			9 years 7 months 17 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Aggregate Intrinsic Value [Roll Forward]
Outstanding, beginning of year			$ 1,980
Forfeited/cancelled/expired			4,780
Outstanding, end of year	$ 20,523		20,523
Vested and exercisable, end of the period			4,028.80
Vested and unvested exercisable, end of the period			4,028.80
Vested and expected to vest, end of year	$ 20,523		$ 20,523

Equity Based Incentive Compen66

Equity Based Incentive Compensation Plan (Details 2) - Malvern Bancorp, Inc. 2014 Long Term Incentive Compensation Plan (2014 Plan) [Member] - Restricted Stock [Member]	6 Months Ended
	Mar. 31, 2017$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Nonvested at beginning of year | shares	1,930
Granted | shares	12,522
Vested | shares	(337)
Forfeited/cancelled/expired | shares	(241)
Nonvested at end of year | shares	13,874
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Nonvested at beginning of year | $ / shares	$ 17.40
Granted | $ / shares	20.79
Vested | $ / shares	21.15
Forfeited/cancelled/expired | $ / shares	17.40
Nonvested at end of year | $ / shares	$ 20.36

Equity Based Incentive Compen67

Equity Based Incentive Compensation Plan (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Mar. 31, 2017	Mar. 31, 2016
Share-based compensation			$ 4
Malvern Bancorp, Inc. 2014 Long Term Incentive Compensation Plan (2014 Plan) [Member]
Maximum number of shares available for grants	400,000		400,000
Number of remaining shares available for future grants	374,789		374,789
Description of vesting right			Restricted stock and option awards granted vest in 20% increments beginning on the one year anniversary of the grant date.
Compensation cost not yet recognized	$ 65		$ 65
Weighted average period			9 years 7 months 17 days
Granted shares			11,000
Malvern Bancorp, Inc. 2014 Long Term Incentive Compensation Plan (2014 Plan) [Member] | Restricted Stock [Member]
Share-based compensation	1		$ 2
Compensation cost not yet recognized	$ 213		$ 213
Weighted average period			9 years 9 months 7 days
Granted shares	12,522	2,200	12,522	2,200
Malvern Bancorp, Inc. 2014 Long Term Incentive Compensation Plan (2014 Plan) [Member] | Stock Option [Member]
Share-based compensation	$ 1		$ 2
Granted shares	7,000	5,000	7,000	5,000

Subordinated Debt (Details Narr

Subordinated Debt (Details Narrative) - USD ($) $ in Thousands	Feb. 07, 2017	Mar. 31, 2017	Sep. 30, 2016
Debt Instrument [Line Items]
Subordinated debt		$ 25,000
Subordinated Notes Due February 15, 2027 [Member]
Debt Instrument [Line Items]
Aggregate principal amount	$ 25,000
Fixed interest rate	6.125%
Description of fixed-to-floating interest rate terms	The Notes bear interest at a fixed rate of 6.125% per year, from and including February 7, 2017 to, but excluding February 15, 2022. From and including February 15, 2022 to the maturity date or earlier redemption date, the interest rate will reset quarterly at a variable rate equal to the then current 3-month LIBOR plus 414.5 basis points.
Subordinated debt		$ 25,000
Description for redemption of notes	Redeemable, in whole or in part, on or after February 15, 2022, and at any time upon the occurrences of certain events.	The Company may not redeem the Notes prior to February 15, 2022, except that the Company may redeem the Notes at any time, at its option, in whole but not in part, subject to obtaining any required regulatory approvals, if (i) a change or prospective change in law occurs that could prevent the Company from deducting interest payable on the Notes for U.S. federal income tax purposes, (ii) a subsequent event occurs that precludes the Notes from being recognized as Tier 2 capital for regulatory capital purposes, or (iii) the Company is required to register as an investment company under the Investment Company Act of 1940, as amended, in each case, at a redemption price equal to 100% of the principal amount of the Notes plus any accrued and unpaid interest through, but excluding, the redemption date.