Malvern Bancorp (MLVF) 10-Q 9 Aug 17 2017 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Jun. 30, 2017	Aug. 07, 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	Jun. 30, 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	Q3
Document Fiscal Year Focus	2,017

CONSOLIDATED STATEMENTS OF FINA

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2017	Sep. 30, 2016
Assets
Cash and due from depository institutions	$ 1,622	$ 1,297
Interest bearing deposits in depository institutions	111,805	95,465
Cash and Cash Equivalents	113,427	96,762
Investment securities available for sale, at fair value	16,811	66,387
Investment securities held to maturity, at cost (fair value of $35,625 and $40,817, respectively)	36,027	40,551
Restricted stock, at cost	5,458	5,424
Loans receivable, net of allowance for loan losses of $7,917 and $5,434, respectively	800,337	574,160
Accrued interest receivable	2,837	2,558
Property and equipment, net	7,182	6,637
Deferred income taxes, net	7,912	8,827
Bank-owned life insurance	18,798	18,418
Other assets	2,119	1,548
Total Assets	1,010,908	821,272
Deposits:
Deposits-noninterest-bearing	50,097	34,547
Deposits-interest-bearing	709,582	567,499
Total Deposits	759,679	602,046
FHLB advances	118,000	118,000
Subordinated debt	24,263
Advances from borrowers for taxes and insurance	3,546	1,659
Accrued interest payable	1,060	427
Other liabilities	4,697	4,549
Total Liabilities	911,245	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 June 30, 2017 and 6,560,403 shares at September 30, 2016	66	66
Additional paid-in-capital	60,670	60,461
Retained earnings	40,414	35,756
Unearned Employee Stock Ownership Plan (ESOP) shares	(1,520)	(1,629)
Accumulated other comprehensive income (loss)	33	(63)
Total Shareholders' Equity	99,663	94,591
Total Liabilities and Shareholders' Equity	$ 1,010,908	$ 821,272

CONSOLIDATED STATEMENTS OF FIN3

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2017	Sep. 30, 2016
Statement of Financial Position [Abstract]
Investment securities held to maturity, fair value	$ 35,625	$ 40,817
Allowance for loan losses	$ 7,917	$ 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		9 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Interest and Dividend Income
Loans, including fees	$ 8,246	$ 5,560	$ 21,926	$ 15,226
Investment securities, taxable	422	643	1,364	2,313
Investment securities, tax-exempt	100	192	422	577
Dividends, restricted stock	64	65	192	182
Interest-bearing cash accounts	141	70	349	129
Total Interest and Dividend Income	8,973	6,530	24,253	18,427
Interest Expense
Deposits	1,645	1,180	4,393	3,305
Short-term borrowings	1		12
Long-term borrowings	545	570	1,615	1,631
Subordinated debt	383		604
Total Interest Expense	2,574	1,750	6,624	4,936
Net interest income	6,399	4,780	17,629	13,491
Provision for Loan Losses	645	472	2,302	847
Net Interest Income after Provision for Loan Losses	5,754	4,308	15,327	12,644
Other Income
Service charges and other fees	233	227	730	665
Rental income-other	51	55	161	155
Gain on sale of investments, net	374	229	432	421
Gain on sale of loans, net	31	20	106	90
Earnings on bank-owned life insurance	125	128	380	387
Total Other Income	814	659	1,809	1,718
Other Expense
Salaries and employee benefits	1,873	1,600	5,389	4,621
Occupancy expense	533	469	1,541	1,348
Federal deposit insurance premium	78	40	173	472
Advertising	67	26	191	81
Data processing	308	278	911	845
Professional fees	621	415	1,421	1,176
Other operating expenses	506	550	1,708	1,620
Total Other Expense	3,986	3,378	11,334	10,163
Income before income tax expense	2,582	1,589	5,802	4,199
Income tax expense	503		1,144
Net Income	$ 2,079	$ 1,589	$ 4,658	$ 4,199
Earnings Per Common Share:
Basic (in dollars per share)	$ 0.32	$ 0.25	$ 0.72	$ 0.66
Diluted (in dollars per share)	$ 0.32	$ 0.25	$ 0.72	$ 0.66
Weighted Average Common Shares Outstanding:
Basic (in shares)	6,443,515	6,411,766	6,427,978	6,407,403
Diluted (in shares)	6,445,288	6,411,804	6,428,426	6,407,433
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		9 Months Ended
		Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Income Statement [Abstract]
Net Income		$ 2,079	$ 1,589	$ 4,658	$ 4,199
Other Comprehensive Income, Net of Tax:
Unrealized holding gains (losses) on available-for-sale securities		446	972	(299)	2,111
Tax effect		(152)	(330)	102	(718)
Net of tax amount		294	642	(197)	1,393
Reclassification adjustment for net gains arising during the period	[1]	(374)	(229)	(432)	(421)
Tax effect		127	78	147	143
Net of tax amount		(247)	(151)	(285)	(278)
Accretion of unrealized holding losses on securities transferred from available-for-sale to held-to-maturity	[2]	2	3	7	7
Tax effect		(1)	(1)	(2)	(2)
Net of tax amount		1	2	5	5
Fair value adjustments on derivatives		(151)	(278)	868	(527)
Tax effect		51	94	(295)	285
Net of tax amount		(100)	(184)	573	(242)
Total other comprehensive (loss) income		(52)	309	96	878
Total comprehensive income		$ 2,027	$ 1,898	$ 4,754	$ 5,077
[1]	Amounts are included in gain on sale 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			4,199			4,199
Other comprehensive income					878	878
Committed to be released ESOP shares (10,800 shares)		72		110		182
Balance at end at Jun. 30, 2016	66	60,437	28,013	(1,665)	(201)	86,650
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			4,658			4,658
Other comprehensive income					96	96
Committed to be released ESOP shares (10,800 shares)		115		109		224
Stock based compensation		94				94
Balance at end at Jun. 30, 2017	$ 66	$ 60,670	$ 40,414	$ (1,520)	$ 33	$ 99,663

CONSOLIDATED STATEMENTS OF CHA7

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) (Parenthetical) - shares	3 Months Ended		9 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Statement of Stockholders' Equity [Abstract]
Committed to be released ESOP shares	3,600	3,600	10,800	10,800

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Cash Flows from Operating Activities
Net income	$ 4,658	$ 4,199
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation expense	544	478
Provision for loan losses	2,302	847
Deferred income taxes expense	866	985
ESOP expense	224	182
Stock based compensation	94
Amortization of premiums and discounts on investment securities, net	711	967
(Accretions) amortization of loan origination fees and costs	(807)	930
Amortization of mortgage service rights	47	52
Net gain on sale of investment securities available-for-sale	(432)	(421)
Net gain on sale of secondary market loans	(106)	(90)
Proceeds on sale of secondary market loans	6,755	4,116
Originations of secondary market loans	(6,649)	(4,026)
Gain on sale of other real estate owned		(45)
Write down of other real estate owned		20
Earnings on bank-owned life insurance	(380)	(387)
Increase in accrued interest receivable	(279)	(230)
Increase in accrued interest payable	633	40
Increase decrease in other liabilities	148	(334)
Increase in other assets	(17)	(567)
Increase in income tax receivable	(179)
Net Cash Provided by Operating Activities	8,133	6,716
Investment securities available-for-sale:
Purchases	(250)	(2,115)
Sales	48,860	50,469
Maturities, calls and principal repayments	608	790
Investment securities held-to-maturity:
Maturities, calls and principal repayments	4,326	11,193
(Loan originations) and principal collections, net	(227,672)	(164,745)
Proceeds from sale of other real estate owned		493
Proceeds from death benefit of bank-owned life insurance		1,049
Net increase in restricted stock	(34)	(783)
Purchases of property and equipment	(1,089)	(597)
Net Cash Used in Investing Activities	(175,251)	(104,246)
Cash Flows from Financing Activities
Net increase in deposits	157,633	113,521
Proceeds from long-term borrowings	105,000	86,000
Repayment of long-term borrowings	(105,000)	(66,000)
Increase in advances from borrowers for taxes and insurance	1,887	2,129
Proceeds from issuance of subordinate debt	24,263
Net Cash Provided by Financing Activities	183,783	135,650
Net Increase in Cash and Cash Equivalents	16,665	38,120
Cash and Cash Equivalent - Beginning	96,762	40,263
Cash and Cash Equivalent - Ending	113,427	78,383
Supplementary Cash Flows Information
Interest paid	5,991	4,896
Non-cash transfer of loans to loans held for sale		$ 304

Basis of Presentation

Basis of Presentation	9 Months Ended
	Jun. 30, 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	9 Months Ended
	Jun. 30, 2017
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	Note 2 – Recent Accounting Pronouncements In May 2017, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2017-09, “Scope of Modification Accounting”, to provide clarity and reduce both (1) diversity in practice and (2) cost and complexity when applying the guidance in Topic 718, Compensation—Stock Compensation, to a change to the terms or conditions of a share-based payment award. The amendments in this update provide guidance about which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting in Topic 718. An entity should account for the effects of a modification unless all the following are met: (1) the fair value (or calculated value or intrinsic value, if such an alternative measurement method is used) of the modified award is the same as the fair value (or calculated value or intrinsic value, if such an alternative measurement method is used) of the original award immediately before the original award is modified. If the modification does not affect any of the inputs to the valuation technique that the entity uses to value the award, the entity is not required to estimate the value immediately before and after the modification; (2) the vesting conditions of the modified award are the same as the vesting conditions of the original award immediately before the original award is modified; (3) the classification of the modified award as an equity instrument or a liability instrument is the same as the classification of the original award immediately before the original award is modified. The current disclosure requirements in Topic 718 apply regardless of whether an entity is required to apply modification accounting under the amendments in this update. For public business entities, the amendments in this update become effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2017. Early adoption is permitted, including adoption in an interim period. An entity should apply the amendments in this update prospectively to an award modified on or after the adoption date. 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 March 2017, the FASB issued 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 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. The Company is currently evaluating the impact of adopting the new guidance on the Consolidated Financial Statements. 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	9 Months Ended
	Jun. 30, 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 nine months ended June 30, 2017, the Company granted stock options to purchase 7,000 shares of common stock and 12,522 restricted shares, which are considered CSEs. For the three months ended June 30, 2017, options to purchase 7,000 shares of common stock were anti-dilutive. For the nine months ended June 30, 2017, options to purchase 7,000 shares of common stock and 9,359 restricted shares were anti-dilutive. During the nine months ended June 30, 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 June 30, Nine Months Ended June 30, (in thousands, except for share data) 2017 2016 2017 2016 Net Income $ 2,079 $ 1,589 $ 4,658 $ 4,199 Weighted average shares outstanding 6,578,062 6,560,713 6,566,138 6,559,961 Average unearned ESOP shares (134,547 ) (148,947 ) (138,160 ) (152,558 ) Basic weighted average shares outstanding 6,443,515 6,411,766 6,427,978 6,407,403 Plus: effect of dilutive options and restricted shares 1,773 38 448 30 Diluted weighted average common shares outstanding 6,445,288 6,411,804 6,428,426 6,407,433 Earnings per share: Basic $ 0.32 $ 0.25 $ 0.72 $ 0.66 Diluted $ 0.32 $ 0.25 $ 0.72 $ 0.66

Employee Stock Ownership Plan

Employee Stock Ownership Plan	9 Months Ended
	Jun. 30, 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 nine months ended June 30, 2017 and 2016, there were 3,600 and 10,800 shares, respectively, committed to be released. At June 30, 2017, there were 132,765 unallocated shares and 126,453 allocated shares held by the ESOP which had an aggregate fair value of approximately $3.2 million.

Investment Securities

Investment Securities	9 Months Ended
	Jun. 30, 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 June 30, 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 June 30, 2017 and September 30, 2016. June 30, 2017 Amortized Gross Gross Fair (in thousands) Investment Securities Available-for-Sale: State and municipal obligations $ 9,205 $ 65 $ (5 ) $ 9,265 Single issuer trust preferred security 1,000 — (61 ) 939 Corporate debt securities 6,633 — (276 ) 6,357 Mutual fund 250 — — 250 Total 17,088 65 (342 ) 16,811 Investment Securities Held-to-Maturity: U.S. government agencies $ 1,999 $ — $ (6 ) $ 1,993 State and municipal obligations 9,638 88 (9 ) 9,717 Corporate debt securities 3,842 — (4 ) 3,838 Mortgage-backed securities: Collateralized mortgage obligations, fixed-rate 20,548 1 (472 ) 20,077 Total $ 36,027 $ 89 $ (491 ) $ 35,625 Total investment securities $ 53,115 $ 154 $ (833 ) $ 52,436 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 nine months ended June 30, 2017, proceeds of available-for-sale investment securities sold amounted to approximately $48.9 million. Gross realized gains on investment securities sold amounted to approximately $432,000 for the period. For the nine months ended June 30, 2016, proceeds of investment securities sold amounted to approximately $50.5 million. Gross realized gains on investment securities sold amounted to approximately $451,000, while gross realized losses amounted to approximately $30,000 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 June 30, 2017 and September 30, 2016: June 30, 2017 Less than 12 Months 12 Months or Total Fair Unrealized Fair Unrealized Fair Unrealized (In thousands) Investment Securities Available-for-Sale: State and municipal obligations $ 1,014 $ (5 ) $ — $ — $ 1,014 $ (5 ) Single issuer trust preferred security — — 939 (61 ) 939 (61 ) Corporate debt securities 3,078 (55 ) 3,279 (221 ) 6,357 (276 ) Total $ 4,092 $ (60 ) $ 4,218 $ (282 ) $ 8,310 $ (342 ) Investment Securities Held-to-Maturity: U.S. government agencies 1,993 (6 ) — — 1,993 (6 ) State and municipal obligations 2,847 (9 ) — — 2,847 (9 ) Corporate debt securities 3,838 (4 ) — — 3,838 (4 ) Mortgage-backed securities: CMO, fixed-rate 12,953 (229 ) 6,940 (243 ) 19,893 (472 ) Total 21,631 (248 ) 6,940 (243 ) 28,571 (491 ) Total investment securities $ 25,723 $ (308 ) $ 11,158 $ (525 ) $ 36,881 $ (833 ) September 30, 2016 Less than 12 Months 12 Months or 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 June 30, 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 June 30, 2017, the Company held two U.S. government agency securities, four municipal bonds, four 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 June 30, 2017 represents other-than-temporary impairment. Investment securities having a carrying value of approximately $493,000 and $552,000 at June 30, 2017 and September 30, 2016, respectively, were pledged to secure public deposits. The following table presents information for investment securities at June 30, 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. June 30, 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 2,836 2,841 Due after five years through ten years 10,593 10,343 Due after ten years 3,659 3,627 Total $ 17,088 $ 16,811 Investment Securities Held-to-Maturity: Due after one year through five years $ 1,999 $ 1,992 Due after five years through ten years 5,861 5,918 Due after ten years 28,167 27,715 Total $ 36,027 $ 35,625 Total investment securities $ 53,115 $ 52,436

Loans Receivable and Related Al

Loans Receivable and Related Allowance for Loan Losses	9 Months Ended
	Jun. 30, 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: June 30, September 30, 2017 2016 (in thousands) Residential mortgage $ 190,788 $ 209,186 Construction and Development: Residential and commercial 36,530 18,579 Land 18,325 10,013 Total Construction and Development 54,855 28,592 Commercial: Commercial real estate 424,732 231,439 Farmland 1,734 — Multi-family 21,547 19,515 Other 71,248 38,779 Total Commercial 519,261 289,733 Consumer: Home equity lines of credit 17,602 19,757 Second mortgages 23,658 29,204 Other 1,403 1,914 Total Consumer 42,663 50,875 Total loans 807,567 578,386 Deferred loan fees and cost, net 687 1,208 Allowance for loan losses (7,917 ) (5,434 ) Total loans receivable, net $ 800,337 $ 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 June 30, 2017 and September 30, 2016. Activity in the allowance is presented for the three and nine months ended June 30, 2017 and 2016 and the year ended September 30, 2016, respectively. Three Months Ended June 30, 2017 Construction and Commercial Consumer Residential Mortgage Residential and Commercial Land Commercial Real Estate Farmland Multi-family Other Home Equity Lines of Credit Second Mortgages Other Unallocated Total (in thousands) Allowance for loan losses: Beginning balance $ 1,042 $ 1,343 $ 128 $ 2,479 $ — $ 67 $ 369 $ 107 $ 415 $ 20 $ 1,211 $ 7,181 Charge-offs — — — — — — — — (64 ) — — (64 ) Recoveries 2 — — 9 — — 2 15 123 4 — 155 Provision (Credit) (24 ) (660 ) 18 218 10 45 35 (25 ) (98 ) (7 ) 1,133 645 Ending Balance $ 1,020 $ 683 $ 146 $ 2,706 $ 10 $ 112 $ 406 $ 97 $ 376 $ 17 $ 2,344 $ 7,917 Three Months Ended June 30, 2016 Construction and Development Commercial Consumer Residential 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 $ 1,399 $ 74 $ 106 $ 1,529 $ 151 $ 193 $ 133 $ 580 $ 29 $ 743 $ 4,937 Charge-offs — (91 ) — — — — — — (11 ) — (102 ) Recoveries (23 ) 39 — — — — 1 15 4 — 36 Provision (Credit) (150 ) 236 16 266 (13 ) (37 ) (9 ) (72 ) 10 225 472 Ending Balance $ 1,226 $ 258 $ 122 $ 1,795 $ 138 $ 156 $ 125 $ 523 $ 32 $ 968 $ 5,343 Nine Months Ended June 30, 2017 Construction and Commercial Consumer Residential Mortgage Residential and Commercial Land Commercial Real Estate Farmland Multi-family Other Home Equity Lines of Credit 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 — — — — — — — — (185 ) (5 ) — (190 ) Recoveries 2 90 — 39 — — 8 17 205 10 — 371 Provisions (183 ) 394 49 793 10 3 240 (36 ) (111 ) (22 ) 1,165 2,302 Ending Balance $ 1,020 $ 683 $ 146 $ 2,706 $ 10 $ 112 $ 406 $ 97 $ 376 $ 17 $ 2,344 $ 7,917 Ending balance: $ — $ — $ — $ — $ — $ — $ 112 $ — $ 70 $ — $ — $ 182 Ending balance: $ 1,020 $ 683 $ 146 $ 2,706 $ 10 $ 112 $ 294 $ 97 $ 306 $ 17 $ 2,344 $ 7,735 Loans receivable: Ending balance $ 190,788 $ 36,530 $ 18,325 $ 424,732 $ 1,734 $ 21,547 $ 71,248 $ 17,602 $ 23,658 $ 1,403 $ 807,567 Ending balance: $ 2,089 $ 97 $ — $ 744 $ — $ — $ 246 $ 10 $ 219 $ — $ 3,405 Ending balance: $ 188,699 $ 36,433 $ 18,325 $ 423,988 $ 1,734 $ 21,547 $ 71,002 $ 17,592 $ 23,439 $ 1,403 $ 804,162 Nine Months Ended June 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 ) — — — (255 ) (54 ) — (508 ) Recoveries 17 243 — 3 — 2 1 59 12 — 337 Provisions (268 ) 76 87 656 34 46 (15 ) (42 ) 50 223 847 Ending Balance $ 1,226 $ 258 $ 122 $ 1,795 $ 138 $ 156 $ 125 $ 523 $ 32 $ 968 $ 5,343 Ending balance: $ — $ — $ — $ — $ — $ — $ — $ 24 $ — $ — $ 24 Ending balance: $ 1,226 $ 258 $ 122 $ 1,795 $ 138 $ 156 $ 125 $ 499 $ 32 $ 968 $ 5,319 Loans receivable: Ending balance $ 210,621 $ 14,050 $ 9,904 $ 211,516 $ 20,102 $ 37,091 $ 21,035 $ 31,752 $ 2,088 $ 558,159 Ending balance: $ 787 $ 109 $ — $ 1,850 $ — $ — $ 20 $ 232 $ — $ 2,998 Ending balance: $ 209,834 $ 13,941 $ 9,904 $ 209,666 $ 20,102 $ 37,091 $ 21,015 $ 31,520 $ 2,088 $ 555,161 Year Ended September 30, 2016 Construction and Development Commercial Consumer Residential 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 June 30, 2017 and September 30, 2016. Impaired Loans With Impaired Total Impaired Loans Recorded Related Recorded Recorded Unpaid (In thousands) June 30, 2017: Residential mortgage $ — $ — $ 2,089 $ 2,089 $ 2,222 Construction and Development: Residential and commercial — — 97 97 97 Commercial: Commercial real estate — — 744 744 754 Other 246 112 — 246 246 Consumer: Home equity lines of credit — — 10 10 11 Second mortgages 112 70 107 219 247 Total impaired loans $ 358 $ 182 $ 3,047 $ 3,405 $ 3,577 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 nine months ended June 30, 2017 and 2016. Three Months Ended June 30, 2017 Nine Months Ended June 30, 2017 (in thousands) Average Impaired Loans Interest Income Recognized on Impaired Loans Average Impaired Loans Interest Income Recognized on Impaired Loans Residential mortgage $ 2,099 $ 10 $ 2,091 $ 43 Construction and Development: Residential and commercial 104 2 107 4 Commercial: Commercial real estate 747 6 1,038 14 Other 248 2 111 2 Consumer: Home equity lines of credit 10 — 47 — Second mortgages 205 1 190 2 Total $ 3,413 $ 21 $ 3,584 $ 65 Three Months Ended June 30, 2016 Nine Months Ended June 30, 2016 (in thousands) Average Impaired Loans Interest Income Recognized on Impaired Loans Average Impaired Loans Interest Income Recognized on Impaired Loans Residential mortgage $ 712 $ — $ 641 $ — Construction and Development: Residential and commercial 251 1 164 3 Commercial: Commercial real estate 1,593 17 1,534 48 Consumer: Home equity lines of credit 20 — 20 — Second mortgages 222 — 204 — Total $ 2,798 $ 18 $ 2,563 $ 51 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 June 30, 2017 and September 30, 2016. June 30, 2017 Pass Special Substandard Doubtful Total (in thousands) Residential mortgage $ 188,265 $ 116 $ 2,407 $ — $ 190,788 Construction and Development: Residential and commercial 36,433 — 97 — 36,530 Land 12,537 — 5,788 — 18,325 Commercial: Commercial real estate 417,197 5,361 2,174 — 424,732 Farmland 1,734 — — — 1,734 Multi-family 21,179 368 — — 21,547 Other 70,346 — 902 — 71,248 Consumer: Home equity lines of credit 17,492 — 110 — 17,602 Second mortgages 22,886 114 658 — 23,658 Other 1,396 7 — — 1,403 Total $ 789,465 $ 5,966 $ 12,136 $ — $ 807,567 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. June 30, September 30, 2017 2016 (in thousands) Residential mortgage $ 1,225 $ 1,072 Commercial: Commercial real estate 184 193 Consumer: Home equity lines of credit 10 74 Second mortgages 137 278 Total non-accrual loans $ 1,556 $ 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 $6,000 and $12,000 for the three months ended June 30, 2017 and 2016, respectively, and was $33,000 and $29,000 for the nine months ended June 30, 2017 and 2016, respectively. At June 30, 2017 and September 30, 2016 there were approximately $321,000 and $696,000, respectively, of 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 June 30, 2017 and September 30, 2016. Current 30-59 60-89 90 Total Past Due Total Loans Receivable Accruing 90 (in thousands) June 30, 2017: Residential mortgage $ 186,017 $ 2,968 $ 673 $ 1,130 $ 4,771 $ 190,788 $ 184 Construction and Development: Residential and commercial 36,530 — — — — 36,530 — Land 18,325 — — — — 18,325 — Commercial: Commercial real estate 424,181 551 — — 551 424,732 — Farmland 1,734 — — — — 1,734 — Multi-family 21,547 — — — — 21,547 — Other 71,248 — — — — 71,248 — Consumer: Home equity lines of credit 17,359 132 111 — 243 17,602 — Second mortgages 22,590 764 104 200 1,068 23,658 137 Other 1,402 — 1 — 1 1,403 — Total $ 800,933 $ 4,415 $ 889 $ 1,330 $ 6,634 $ 807,567 $ 321 Current 30-59 60-89 90 Total Past Due Total Loans Receivable Accruing 90 (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 troubled debt restructurings (“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 eleven and seven loans classified as TDRs with an aggregate outstanding balance of $2.0 million and $2.2 million at June 30, 2017 and September 30, 2016, respectively. At June 30, 2017, these loans were also classified as impaired. Eight of the TDR loans continue to perform under the restructured terms through June 30, 2017 and we continued to accrue interest on such loan through such date. The decrease in TDRs at June 30, 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 nine months of fiscal 2017. The decrease was offset by two residential mortgage loans with an aggregate outstanding balance of $653,000 and one second mortgage loan with an outstanding balance of approximately $54,000 being classified as performing TDRs during the first nine months of fiscal 2017. In addition, one residential mortgage loan with an outstanding balance of $225,000, one commercial real estate loan with an outstanding balance of $184,000 and one second mortgage loan with an outstanding balance of approximately $23,000 were classified as non-performing TDRs during the first nine months of fiscal 2017. 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 $579,000 and $141,000 of residential real estate properties in the process of foreclosure at June 30, 2017 and September 30, 2016, respectively. The following table presents our TDR loans as of June 30, 2017 and September 30, 2016. Total Troubled Debt Troubled Debt Restructured Number of Recorded Number of Recorded (Dollars in thousands) At June 30, 2017: Residential mortgage 5 $ 1,117 1 $ 225 Construction and Development: Residential and commercial 1 97 — — Commercial: Commercial real estate 3 744 1 184 Consumer: Second mortgages 2 77 1 23 Total 11 $ 2,035 3 $ 432 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. June 30, 2017 September 30, 2016 Performing Non-Performing Performing Non-Performing (In thousands) Residential mortgage $ 892 $ 225 $ 85 $ 139 Construction and Development: Residential and commercial 97 — 109 — Commercial: Commercial real estate 560 184 1,845 — Consumer: Second mortgages 54 23 — — Total $ 1,603 $ 432 $ 2,039 $ 139 The following table shows the activity in loans which were first deemed to be TDRs during the three and nine months ended June 30, 2017 and 2016. For the Three Months Ended June 30, 2017 2016 Restructured During Period Number of Loans Pre-Modifications Outstanding Post-Modifications Outstanding Number of Loans Pre-Modifications Outstanding Recorded Investments Post-Modifications Outstanding Recorded Investments (In thousands) Troubled Debt Restructurings: Commercial: Commercial real estate — $ — $ — 1 $ 386 $ 386 Total — $ — $ — 1 $ 386 $ 386 For the Nine Months Ended June 30, 2017 2016 Restructured During Period Number of Loans Pre-Modifications Outstanding Recorded Investments Post-Modifications Outstanding Recorded Number of Loans Pre-Modifications Outstanding Recorded Investments Post-Modifications Outstanding Recorded Investments (In thousands) Troubled Debt Restructurings: Residential mortgage 3 $ 889 $ 889 — $ — $ — Commercial: Commercial real estate 1 193 193 1 386 386 Consumer: Second mortgages 2 81 81 — — — Total 6 $ 1,163 $ 1,163 1 $ 386 $ 386

Regulatory Matters

Regulatory Matters	9 Months Ended
	Jun. 30, 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). As of June 30, 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 subordinated debentures were structured to qualify as Tier 2 capital for regulatory purposes. The following table summarizes the Company’s compliance with applicable regulatory capital requirements as of June 30, 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 June 30, 2017: Tier 1 Leverage (to average assets) $ 97,315 9.97 % $ 39,026 4.00 % $ 48,783 5.00 % Common Equity Tier 1 Capital (to risk weighted assets) 97,315 12.29 % 35,646 4.50 % 51,489 6.50 % Tier 1 Capital (to risk weighted assets) 97,315 12.29 % 47,529 6.00 % 63,371 8.00 % Total Capital (to risk weighted assets) 129,557 16.36 % 63,371 8.00 % 79,214 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 June 30, 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 June 30, 2017: Tier 1 Leverage (to average assets) $ 116,025 11.91 % $ 38,980 4.00 % $ 48,725 5.00 % Common Equity Tier 1 Capital (to risk weighted assets) 116,025 14.69 % 35,532 4.50 % 51,324 6.50 % Tier 1 Capital (to risk weighted assets) 116,025 14.69 % 47,376 6.00 % 63,168 8.00 % Total Capital (to risk weighted assets) 124,005 15.70 % 63,168 8.00 % 78,960 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	9 Months Ended
	Jun. 30, 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 June 30, 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 nine months ended June 30, 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 $27,000 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 June 30, 2017 and September 30, 2016: June 30, 2017 Notional Amount Fair Value Balance Sheet Location Expiration Date (dollars in thousand) Derivatives designated as hedging instruments Interest rate swaps by effective date: August 3, 2015 $ 15,000 $ 23 Other liabilities August 3, 2020 February 5, 2016 20,000 350 Other assets February 1, 2021 September 30, 2016 Notional Amount Fair Value Balance Sheet Location Expiration Date (dollars in thousand) Derivatives designated as hedging instruments Interest rate swaps by effective date: August 3, 2015 $ 15,000 $ 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 nine months ended June 30, 2017 and 2016. For the Three Months Ended June 30, 2017 Amount of Gain Amount of Gain Amount of Gain (Loss) (in thousands) August 3, 2015 $ (70 ) $ (25 ) $ — February 5, 2016 (113 ) (8 ) — For the Nine Months Ended June 30, 2017 Amount of Gain Amount of Gain Amount of Gain (Loss) (in thousands) August 3, 2015 $ 280 $ (91 ) $ — February 5, 2016 451 (47 ) — For the Three Months Ended June 30, 2016 Amount of Gain Amount of Gain Amount of Gain (Loss) (in thousands) August 3, 2015 $ (139 ) $ (44 ) $ — February 5, 2016 (215 ) (34 ) — For the Nine Months Ended June 30, 2016 Amount of Gain Amount of Gain Amount of Gain (Loss) (in thousands) August 3, 2015 $ (383 ) $ (148 ) $ — February 5, 2016 (381 ) (55 ) — The Company has agreements with each of its derivative counterparties that contain a provision where if the Company defaults on any of its indebtedness, including default where repayment of the indebtedness has not been accelerated by the lender, then the Company could also be declared in default on its derivative obligations. At June 30, 2017, the fair value of derivatives was in a net asset position, which includes accrued interest but excludes any adjustment for nonperformance risk, related to these agreements 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 June 30, 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 June 30, 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	9 Months Ended
	Jun. 30, 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 June 30, 2017 or September 30, 2016. The table below presents the balances of assets and liabilities measured at fair value on a recurring basis: June 30, 2017 Total Level 1 Level 2 Level 3 (in thousands) Assets: Investment securities available-for-sale: Debt securities: State and municipal obligations $ 9,265 $ — $ 9,265 $ — Single issuer trust preferred security 939 — 939 — Corporate debt securities 6,357 — 6,357 — Mutual fund 250 250 — — Total investment securities available-for-sale 16,811 250 16,561 — Derivative instruments $ 350 $ — $ 350 $ — Liabilities: Derivative instruments $ 23 $ — $ 23 $ — 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 June 30, 2017 and September 30, 2016: June 30, 2017 Total Level 1 Level 2 Level 3 (in thousands) Impaired loans (1) $ 176 $ — $ — $ 176 Total $ 176 $ — $ — $ 176 June 30, 2017 Fair Value at June 30, 2017 Valuation Technique Unobservable Input Range/(Weighted Average) (dollars in thousands) Impaired loans (1) $ 176 Appraisal of collateral (2) Collateral discounts (3) 0%/(0%) Total $ 176 (1) At June 30, 2017, consisted of four loans with an aggregate balance of $358,000 and with $182,000 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 September 30, 2016 Valuation Technique Unobservable Input Range/(Weighted Average) (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 nine months ended June 30, 2017 and 12 months ended September 30, 2016, the Company did not have any additions to our mortgage servicing assets. During the nine months ended June 30, 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 June 30, 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 June 30, 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 —These assets are carried at historical cost. The carrying amount is a reasonable estimate of fair value because of the relatively short time between the origination of the instrument and its expected realization. Investment Securities — Investment and mortgage-backed securities available for sale (carried at fair value) and held to maturity (carried at amortized cost) are measured at fair value on a recurring basis. Fair value measurements for these securities are typically obtained from independent pricing services that we have engaged for this purpose. When available, we, or our independent pricing service, use quoted market prices to measure fair value. If market prices are not available, fair value measurement is based upon models that incorporate available trade, bid and other market information and for structured securities, cash flow and, when available, loan performance data. Because many fixed income securities do not trade on a daily basis, our independent pricing service’s applications apply available information through processes such as benchmark curves, benchmarking of like securities, sector groupings and matrix pricing to prepare evaluations. For each asset class, pricing applications and models are based on information from market sources and integrate relevant credit information. All of our securities available for sale are valued using either of the foregoing methodologies to determine fair value adjustments recorded to our financial statements. The fair value of the Level 1 security was $250,000 as of June 30, 2017 and zero as of September 30, 2016.The Company had no Level 3 securities as of June 30, 2017 or September 30, 2016. Loans Receivable —We do not record loans at fair value on a recurring basis. As such, valuation techniques discussed herein for loans are primarily for estimating fair value for FASB ASC 825 disclosure purposes. However, from time to time, we record nonrecurring fair value adjustments to loans to reflect partial write-downs for impairment or the full charge-off of the loan carrying value. The valuation of impaired loans is discussed below. The fair value estimate for FASB ASC 825 purposes differentiates loans based on their financial characteristics, such as product classification, loan category, pricing features and remaining maturity. Prepayment and credit loss estimates are evaluated by loan type and rate. The fair value of loans is estimated by discounting contractual cash flows using discount rates based on current industry pricing, adjusted for prepayment and credit loss estimates. Impaired Loans — Impaired loans are valued utilizing independent appraisals that rely upon quoted market prices for similar assets in active markets. These appraisals include adjustments to comparable assets based on the appraisers’ market knowledge and experience. The appraisals are adjusted downward by management, as necessary, for changes in relevant valuation factors subsequent to the appraisal date and are considered level 3 inputs. Accrued Interest Receivable —This asset is carried at historical cost. The carrying amount is a reasonable estimate of fair value because of the relatively short time between the origination of the instrument and its expected realization. Restricted Stock —Although restricted stock is an equity interest in the FHLB, it is carried at cost because it does not have a readily determinable fair value as its ownership is restricted and it lacks a market. The estimated fair value approximates the carrying amount. Other Real Estate Owned —Assets acquired through foreclosure or deed in lieu of foreclosure are recorded at estimated fair value less estimated selling costs when acquired, thus establishing a new cost basis. Fair value is generally based on independent appraisals. These appraisals include adjustments to comparable assets based on the appraisers’ market knowledge and experience, and are considered level 3 inputs. When an asset is acquired, the excess of the loan balance over fair value, less estimated selling costs, is charged to the allowance for loan losses. If the estimated fair value of the asset declines, a write-down is recorded through expense. The valuation of foreclosed assets is subjective in nature and may be adjusted in the future because of, among other factors, changes in the economic conditions. Deposits —Deposit liabilities are carried at cost. As such, valuation techniques discussed herein for deposits are primarily for estimating fair value for FASB ASC 825 disclosure purposes. The fair value of deposits is discounted based on rates available for borrowings of similar maturities. A decay rate is estimated for non-time deposits. The discount rate for non-time deposits is adjusted for servicing costs based on industry estimates. Long-Term Borrowings —Advances from the FHLB are carried at amortized cost. However, we are required to estimate the fair value of long-term debt under FASB ASC 825. The fair value is based on the contractual cash flows discounted using rates currently offered for new notes with similar remaining maturities. Short-Term Borrowings —Short-term borrowings that mature within six months and securities sold under agreements to repurchase have fair values which approximate carrying value. Subordinated Debt —The fair value of subordinated debentures is estimated by discounting the estimated future cash flows, using market discount rates of financial instruments with similar characteristics, terms and remaining maturity. Derivatives — The fair value of derivatives are based on valuation models using observable market data as of the measurement date (level 2). Our derivatives are traded in an over-the-counter market where quoted market prices are not always available. Therefore, the fair values of derivatives are determined using quantitative models that utilize multiple market inputs. The inputs will vary based on the type of derivative, but could include interest rates, prices and indices to generate continuous yield or pricing curves, prepayment rate, and volatility factors to value the position. The majority of market inputs is actively quoted and can be validated through external sources, including brokers, market transactions and third-party pricing services. Accrued Interest Payable —This liability is carried at historical cost. The carrying amount is a reasonable estimate of fair value because of the relatively short time between the origination of the instrument and its expected realization. Commitments to Extend Credit and Letters of Credit —The majority of the Company’s commitments to extend credit and letters of credit carry current market interest rates if converted to loans. Because commitments to extend credit and letters of credit are generally unassignable by either the Bank or the borrower, they only have value to the Company and the borrower. The estimated fair value approximates the recorded deferred fee amounts, which are not significant. Mortgage Servicing Rights —The fair value of mortgage servicing rights is based on observable market prices when available or the present value of expected future cash flows when not available. Assumptions, such as loan default rates, costs to service, and prepayment speeds significantly affect the estimate of future cash flows. Mortgage servicing rights are carried at the lower of cost or fair value. The carrying amount and estimated fair value of the Company’s financial instruments as of June 30, 2017 and September 30, 2016 are presented below: Carrying Amount Fair Value Level 1 Level 2 Level 3 (in thousands) June 30, 2017: Financial assets: Cash and cash equivalents $ 113,427 $ 113,427 $ 113,427 $ — $ — Investment securities available-for-sale 16,811 16,811 250 16,561 — Investment securities held-to-maturity 36,027 35,625 — 35,625 — Loans receivable, net (including impaired loans) 800,337 801,893 — — 801,893 Accrued interest receivable 2,837 2,837 — 2,837 — Restricted stock 5,458 5,458 — 5,458 — Mortgage servicing rights (included in Other Assets) 282 279 — 279 — Derivatives (included in Other Assets) 350 350 — 350 — Financial liabilities: Savings accounts 43,709 43,709 — 43,709 — Checking and NOW accounts 155,536 155,536 — 155,536 — Money market accounts 274,018 274,018 — 274,018 — Certificates of deposit 286,416 288,367 — 288,367 — FHLB advances 118,000 118,694 — 118,694 — Subordinated debt 24,263 24,263 — 24,263 — Derivatives (included in Other Liabilities) 23 23 — 23 — Accrued interest payable 1,060 1,060 — 1,060 — 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	9 Months Ended
	Jun. 30, 2017
Income Tax Disclosure [Abstract]
Income Taxes	Note 10 – Income Taxes In accordance with ASC Topic 740, the Company evaluates on a quarterly basis, all evidence, both positive and negative, to determine whether, based on the weight of that evidence, a valuation allowance for DTAs is needed. For the three and nine months ended June 30, 2017, the Company recorded income tax expense of $503,000 and $1.1 million, respectively, compared to no income tax expense for the three and nine months ended June 30, 2016.

Comprehensive Income (Loss)

Comprehensive Income (Loss)	9 Months Ended
	Jun. 30, 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: June 30, September 30, 2017 2016 (In thousands) Net unrealized holding (losses) gains on available-for-sale securities $ (277 ) $ 447 Tax effect 94 (152 ) Net of tax amount (183 ) 295 Fair value adjustments on derivatives 327 (542 ) Tax effect (111 ) 184 Net of tax amount 216 (358 ) Total accumulated other comprehensive income (loss) $ 33 $ (63 ) Other comprehensive income and related tax effects are presented in the following table: Three Months Ended June 30, Nine Months Ended June 30, (in thousands) 2017 2016 2017 2016 Net unrealized holding gains (losses) on available-for-sale securities $ 446 $ 972 $ (299 ) $ 2,111 Net realized gains on securities available-for-sale (374 ) (229 ) (432 ) (421 ) Accretion of unrealized holding losses on securities available-for-sale transferred to held-to-maturity 2 3 7 7 Fair value adjustments on derivatives (151 ) (278 ) 868 (527 ) Other comprehensive (loss) income before taxes (77 ) 468 144 1,170 Tax effect 25 (159 ) (48 ) (292 ) Total comprehensive (loss) income $ (52 ) $ 309 $ 96 $ 878

Equity Based Incentive Compensa

Equity Based Incentive Compensation Plan	9 Months Ended
	Jun. 30, 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 June 30, 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 nine months ended June 30, 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 nine months ended June 30, 2017 was $3,000 and $5,000, respectively. During the nine months ended June 30, 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 nine months ended June 30, 2017 was $87,000 and $88,000, 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. Stock option activity as of June 30, 2017 and changes during the nine months ended June 30, 2017 were as follows: Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term (In Years) Aggregate Intrinsic Value 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 June 30, 2017 11,000 19.19 9.381 52,370 Vested and exercisable, end of the period 800 16.02 8.750 6,344 Vested and unvested exercisable, end of the period 800 16.02 8.750 6,344 Vested and expected to vest, at June 30, 2017 11,000 $ 19.19 9.381 $ 52,370 The table below summarizes the activity for the Company’s restricted stock outstanding during the nine months ended at June 30, 2017: Shares Weighted Average Fair Value 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 June 30, 2017 13,874 $ 20.36 As of June 30, 2017, there was $202,000 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 9.52 years. As of June 30, 2017, there was $62,000 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 9.38 years.

Subordinated Debt

Subordinated Debt	9 Months Ended
	Jun. 30, 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 net subordinated debt totaled $24.3 million (reported net of $737,000 in debt issuance costs) at June 30, 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)	9 Months Ended
	Jun. 30, 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 June 30, Nine Months Ended June 30, (in thousands, except for share data) 2017 2016 2017 2016 Net Income $ 2,079 $ 1,589 $ 4,658 $ 4,199 Weighted average shares outstanding 6,578,062 6,560,713 6,566,138 6,559,961 Average unearned ESOP shares (134,547 ) (148,947 ) (138,160 ) (152,558 ) Basic weighted average shares outstanding 6,443,515 6,411,766 6,427,978 6,407,403 Plus: effect of dilutive options and restricted shares 1,773 38 448 30 Diluted weighted average common shares outstanding 6,445,288 6,411,804 6,428,426 6,407,433 Earnings per share: Basic $ 0.32 $ 0.25 $ 0.72 $ 0.66 Diluted $ 0.32 $ 0.25 $ 0.72 $ 0.66

Investment Securities (Tables)

Investment Securities (Tables)	9 Months Ended
	Jun. 30, 2017
Investments, Debt and Equity Securities [Abstract]
Schedule of investment securities	The following tables present information related to the Company’s investment securities at June 30, 2017 and September 30, 2016. June 30, 2017 Amortized Gross Gross Fair (in thousands) Investment Securities Available-for-Sale: State and municipal obligations $ 9,205 $ 65 $ (5 ) $ 9,265 Single issuer trust preferred security 1,000 — (61 ) 939 Corporate debt securities 6,633 — (276 ) 6,357 Mutual fund 250 — — 250 Total 17,088 65 (342 ) 16,811 Investment Securities Held-to-Maturity: U.S. government agencies $ 1,999 $ — $ (6 ) $ 1,993 State and municipal obligations 9,638 88 (9 ) 9,717 Corporate debt securities 3,842 — (4 ) 3,838 Mortgage-backed securities: Collateralized mortgage obligations, fixed-rate 20,548 1 (472 ) 20,077 Total $ 36,027 $ 89 $ (491 ) $ 35,625 Total investment securities $ 53,115 $ 154 $ (833 ) $ 52,436 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 June 30, 2017 and September 30, 2016: June 30, 2017 Less than 12 Months 12 Months or Total Fair Unrealized Fair Unrealized Fair Unrealized (In thousands) Investment Securities Available-for-Sale: State and municipal obligations $ 1,014 $ (5 ) $ — $ — $ 1,014 $ (5 ) Single issuer trust preferred security — — 939 (61 ) 939 (61 ) Corporate debt securities 3,078 (55 ) 3,279 (221 ) 6,357 (276 ) Total $ 4,092 $ (60 ) $ 4,218 $ (282 ) $ 8,310 $ (342 ) Investment Securities Held-to-Maturity: U.S. government agencies 1,993 (6 ) — — 1,993 (6 ) State and municipal obligations 2,847 (9 ) — — 2,847 (9 ) Corporate debt securities 3,838 (4 ) — — 3,838 (4 ) Mortgage-backed securities: CMO, fixed-rate 12,953 (229 ) 6,940 (243 ) 19,893 (472 ) Total 21,631 (248 ) 6,940 (243 ) 28,571 (491 ) Total investment securities $ 25,723 $ (308 ) $ 11,158 $ (525 ) $ 36,881 $ (833 ) September 30, 2016 Less than 12 Months 12 Months or 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 June 30, 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. June 30, 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 2,836 2,841 Due after five years through ten years 10,593 10,343 Due after ten years 3,659 3,627 Total $ 17,088 $ 16,811 Investment Securities Held-to-Maturity: Due after one year through five years $ 1,999 $ 1,992 Due after five years through ten years 5,861 5,918 Due after ten years 28,167 27,715 Total $ 36,027 $ 35,625 Total investment securities $ 53,115 $ 52,436

Loans Receivable and Related 24

Loans Receivable and Related Allowance for Loan Losses (Tables)	9 Months Ended
	Jun. 30, 2017
Receivables [Abstract]
Schedule of loans receivable	Loans receivable in the Company’s portfolio consisted of the following at the dates indicated below: June 30, September 30, 2017 2016 (in thousands) Residential mortgage $ 190,788 $ 209,186 Construction and Development: Residential and commercial 36,530 18,579 Land 18,325 10,013 Total Construction and Development 54,855 28,592 Commercial: Commercial real estate 424,732 231,439 Farmland 1,734 — Multi-family 21,547 19,515 Other 71,248 38,779 Total Commercial 519,261 289,733 Consumer: Home equity lines of credit 17,602 19,757 Second mortgages 23,658 29,204 Other 1,403 1,914 Total Consumer 42,663 50,875 Total loans 807,567 578,386 Deferred loan fees and cost, net 687 1,208 Allowance for loan losses (7,917 ) (5,434 ) Total loans receivable, net $ 800,337 $ 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 June 30, 2017 and September 30, 2016. Activity in the allowance is presented for the three and nine months ended June 30, 2017 and 2016 and the year ended September 30, 2016, respectively. Three Months Ended June 30, 2017 Construction and Commercial Consumer Residential Mortgage Residential and Commercial Land Commercial Real Estate Farmland Multi-family Other Home Equity Lines of Credit Second Mortgages Other Unallocated Total (in thousands) Allowance for loan losses: Beginning balance $ 1,042 $ 1,343 $ 128 $ 2,479 $ — $ 67 $ 369 $ 107 $ 415 $ 20 $ 1,211 $ 7,181 Charge-offs — — — — — — — — (64 ) — — (64 ) Recoveries 2 — — 9 — — 2 15 123 4 — 155 Provision (Credit) (24 ) (660 ) 18 218 10 45 35 (25 ) (98 ) (7 ) 1,133 645 Ending Balance $ 1,020 $ 683 $ 146 $ 2,706 $ 10 $ 112 $ 406 $ 97 $ 376 $ 17 $ 2,344 $ 7,917 Three Months Ended June 30, 2016 Construction and Development Commercial Consumer Residential 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 $ 1,399 $ 74 $ 106 $ 1,529 $ 151 $ 193 $ 133 $ 580 $ 29 $ 743 $ 4,937 Charge-offs — (91 ) — — — — — — (11 ) — (102 ) Recoveries (23 ) 39 — — — — 1 15 4 — 36 Provision (Credit) (150 ) 236 16 266 (13 ) (37 ) (9 ) (72 ) 10 225 472 Ending Balance $ 1,226 $ 258 $ 122 $ 1,795 $ 138 $ 156 $ 125 $ 523 $ 32 $ 968 $ 5,343 Nine Months Ended June 30, 2017 Construction and Commercial Consumer Residential Mortgage Residential and Commercial Land Commercial Real Estate Farmland Multi-family Other Home Equity Lines of Credit 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 — — — — — — — — (185 ) (5 ) — (190 ) Recoveries 2 90 — 39 — — 8 17 205 10 — 371 Provisions (183 ) 394 49 793 10 3 240 (36 ) (111 ) (22 ) 1,165 2,302 Ending Balance $ 1,020 $ 683 $ 146 $ 2,706 $ 10 $ 112 $ 406 $ 97 $ 376 $ 17 $ 2,344 $ 7,917 Ending balance: $ — $ — $ — $ — $ — $ — $ 112 $ — $ 70 $ — $ — $ 182 Ending balance: $ 1,020 $ 683 $ 146 $ 2,706 $ 10 $ 112 $ 294 $ 97 $ 306 $ 17 $ 2,344 $ 7,735 Loans receivable: Ending balance $ 190,788 $ 36,530 $ 18,325 $ 424,732 $ 1,734 $ 21,547 $ 71,248 $ 17,602 $ 23,658 $ 1,403 $ 807,567 Ending balance: $ 2,089 $ 97 $ — $ 744 $ — $ — $ 246 $ 10 $ 219 $ — $ 3,405 Ending balance: $ 188,699 $ 36,433 $ 18,325 $ 423,988 $ 1,734 $ 21,547 $ 71,002 $ 17,592 $ 23,439 $ 1,403 $ 804,162 Nine Months Ended June 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 ) — — — (255 ) (54 ) — (508 ) Recoveries 17 243 — 3 — 2 1 59 12 — 337 Provisions (268 ) 76 87 656 34 46 (15 ) (42 ) 50 223 847 Ending Balance $ 1,226 $ 258 $ 122 $ 1,795 $ 138 $ 156 $ 125 $ 523 $ 32 $ 968 $ 5,343 Ending balance: $ — $ — $ — $ — $ — $ — $ — $ 24 $ — $ — $ 24 Ending balance: $ 1,226 $ 258 $ 122 $ 1,795 $ 138 $ 156 $ 125 $ 499 $ 32 $ 968 $ 5,319 Loans receivable: Ending balance $ 210,621 $ 14,050 $ 9,904 $ 211,516 $ 20,102 $ 37,091 $ 21,035 $ 31,752 $ 2,088 $ 558,159 Ending balance: $ 787 $ 109 $ — $ 1,850 $ — $ — $ 20 $ 232 $ — $ 2,998 Ending balance: $ 209,834 $ 13,941 $ 9,904 $ 209,666 $ 20,102 $ 37,091 $ 21,015 $ 31,520 $ 2,088 $ 555,161 Year Ended September 30, 2016 Construction and Development Commercial Consumer Residential 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
Schedule of impaired loans	The following table presents impaired loans in portfolio by class, segregated by those for which a specific allowance was required and those for which a specific allowance was not necessary as of June 30, 2017 and September 30, 2016. Impaired Loans With Impaired Total Impaired Loans Recorded Related Recorded Recorded Unpaid (In thousands) June 30, 2017: Residential mortgage $ — $ — $ 2,089 $ 2,089 $ 2,222 Construction and Development: Residential and commercial — — 97 97 97 Commercial: Commercial real estate — — 744 744 754 Other 246 112 — 246 246 Consumer: Home equity lines of credit — — 10 10 11 Second mortgages 112 70 107 219 247 Total impaired loans $ 358 $ 182 $ 3,047 $ 3,405 $ 3,577 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 nine months ended June 30, 2017 and 2016. Three Months Ended June 30, 2017 Nine Months Ended June 30, 2017 (in thousands) Average Impaired Loans Interest Income Recognized on Impaired Loans Average Impaired Loans Interest Income Recognized on Impaired Loans Residential mortgage $ 2,099 $ 10 $ 2,091 $ 43 Construction and Development: Residential and commercial 104 2 107 4 Commercial: Commercial real estate 747 6 1,038 14 Other 248 2 111 2 Consumer: Home equity lines of credit 10 — 47 — Second mortgages 205 1 190 2 Total $ 3,413 $ 21 $ 3,584 $ 65 Three Months Ended June 30, 2016 Nine Months Ended June 30, 2016 (in thousands) Average Impaired Loans Interest Income Recognized on Impaired Loans Average Impaired Loans Interest Income Recognized on Impaired Loans Residential mortgage $ 712 $ — $ 641 $ — Construction and Development: Residential and commercial 251 1 164 3 Commercial: Commercial real estate 1,593 17 1,534 48 Consumer: Home equity lines of credit 20 — 20 — Second mortgages 222 — 204 — Total $ 2,798 $ 18 $ 2,563 $ 51
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 June 30, 2017 and September 30, 2016. June 30, 2017 Pass Special Substandard Doubtful Total (in thousands) Residential mortgage $ 188,265 $ 116 $ 2,407 $ — $ 190,788 Construction and Development: Residential and commercial 36,433 — 97 — 36,530 Land 12,537 — 5,788 — 18,325 Commercial: Commercial real estate 417,197 5,361 2,174 — 424,732 Farmland 1,734 — — — 1,734 Multi-family 21,179 368 — — 21,547 Other 70,346 — 902 — 71,248 Consumer: Home equity lines of credit 17,492 — 110 — 17,602 Second mortgages 22,886 114 658 — 23,658 Other 1,396 7 — — 1,403 Total $ 789,465 $ 5,966 $ 12,136 $ — $ 807,567 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. June 30, September 30, 2017 2016 (in thousands) Residential mortgage $ 1,225 $ 1,072 Commercial: Commercial real estate 184 193 Consumer: Home equity lines of credit 10 74 Second mortgages 137 278 Total non-accrual loans $ 1,556 $ 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 June 30, 2017 and September 30, 2016. Current 30-59 60-89 90 Total Past Due Total Loans Receivable Accruing 90 (in thousands) June 30, 2017: Residential mortgage $ 186,017 $ 2,968 $ 673 $ 1,130 $ 4,771 $ 190,788 $ 184 Construction and Development: Residential and commercial 36,530 — — — — 36,530 — Land 18,325 — — — — 18,325 — Commercial: Commercial real estate 424,181 551 — — 551 424,732 — Farmland 1,734 — — — — 1,734 — Multi-family 21,547 — — — — 21,547 — Other 71,248 — — — — 71,248 — Consumer: Home equity lines of credit 17,359 132 111 — 243 17,602 — Second mortgages 22,590 764 104 200 1,068 23,658 137 Other 1,402 — 1 — 1 1,403 — Total $ 800,933 $ 4,415 $ 889 $ 1,330 $ 6,634 $ 807,567 $ 321 Current 30-59 60-89 90 Total Past Due Total Loans Receivable Accruing 90 (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 June 30, 2017 and September 30, 2016. Total Troubled Debt Troubled Debt Restructured Number of Recorded Number of Recorded (Dollars in thousands) At June 30, 2017: Residential mortgage 5 $ 1,117 1 $ 225 Construction and Development: Residential and commercial 1 97 — — Commercial: Commercial real estate 3 744 1 184 Consumer: Second mortgages 2 77 1 23 Total 11 $ 2,035 3 $ 432 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. June 30, 2017 September 30, 2016 Performing Non-Performing Performing Non-Performing (In thousands) Residential mortgage $ 892 $ 225 $ 85 $ 139 Construction and Development: Residential and commercial 97 — 109 — Commercial: Commercial real estate 560 184 1,845 — Consumer: Second mortgages 54 23 — — Total $ 1,603 $ 432 $ 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 nine months ended June 30, 2017 and 2016. For the Three Months Ended June 30, 2017 2016 Restructured During Period Number of Loans Pre-Modifications Outstanding Post-Modifications Outstanding Number of Loans Pre-Modifications Outstanding Recorded Investments Post-Modifications Outstanding Recorded Investments (In thousands) Troubled Debt Restructurings: Commercial: Commercial real estate — $ — $ — 1 $ 386 $ 386 Total — $ — $ — 1 $ 386 $ 386 For the Nine Months Ended June 30, 2017 2016 Restructured During Period Number of Loans Pre-Modifications Outstanding Recorded Investments Post-Modifications Outstanding Recorded Number of Loans Pre-Modifications Outstanding Recorded Investments Post-Modifications Outstanding Recorded Investments (In thousands) Troubled Debt Restructurings: Residential mortgage 3 $ 889 $ 889 — $ — $ — Commercial: Commercial real estate 1 193 193 1 386 386 Consumer: Second mortgages 2 81 81 — — — Total 6 $ 1,163 $ 1,163 1 $ 386 $ 386

Regulatory Matters (Tables)

Regulatory Matters (Tables)	9 Months Ended
	Jun. 30, 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 June 30, 2017 and September 30, 2016: To Be Well Capitalized For Capital Under Prompt Corrective Actual Adequacy Purposes Action Provisions (Dollars in thousands) Capital Amount Ratio Capital Amount Ratio Capital Amount Ratio As of June 30, 2017: Tier 1 Leverage (to average assets) $ 97,315 9.97 % $ 39,026 4.00 % $ 48,783 5.00 % Common Equity Tier 1 Capital (to risk weighted assets) 97,315 12.29 % 35,646 4.50 % 51,489 6.50 % Tier 1 Capital (to risk weighted assets) 97,315 12.29 % 47,529 6.00 % 63,371 8.00 % Total Capital (to risk weighted assets) 129,557 16.36 % 63,371 8.00 % 79,214 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 June 30, 2017 and September 30, 2016: To Be Well Capitalized For Capital Under Prompt Corrective Actual Adequacy Purposes Action Provisions (Dollars in thousands) Capital Amount Ratio Capital Amount Ratio Capital Amount Ratio As of June 30, 2017: Tier 1 Leverage (to average assets) $ 116,025 11.91 % $ 38,980 4.00 % $ 48,725 5.00 % Common Equity Tier 1 Capital (to risk weighted assets) 116,025 14.69 % 35,532 4.50 % 51,324 6.50 % Tier 1 Capital (to risk weighted assets) 116,025 14.69 % 47,376 6.00 % 63,168 8.00 % Total Capital (to risk weighted assets) 124,005 15.70 % 63,168 8.00 % 78,960 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)	9 Months Ended
	Jun. 30, 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 June 30, 2017 and September 30, 2016: June 30, 2017 Notional Amount Fair Value Balance Sheet Location Expiration Date (dollars in thousand) Derivatives designated as hedging instruments Interest rate swaps by effective date: August 3, 2015 $ 15,000 $ 23 Other liabilities August 3, 2020 February 5, 2016 20,000 350 Other assets February 1, 2021 September 30, 2016 Notional Amount Fair Value Balance Sheet Location Expiration Date (dollars in thousand) Derivatives designated as hedging instruments Interest rate swaps by effective date: August 3, 2015 $ 15,000 $ 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 nine months ended June 30, 2017 and 2016. For the Three Months Ended June 30, 2017 Amount of Gain Amount of Gain Amount of Gain (Loss) (in thousands) August 3, 2015 $ (70 ) $ (25 ) $ — February 5, 2016 (113 ) (8 ) — For the Nine Months Ended June 30, 2017 Amount of Gain Amount of Gain Amount of Gain (Loss) (in thousands) August 3, 2015 $ 280 $ (91 ) $ — February 5, 2016 451 (47 ) — For the Three Months Ended June 30, 2016 Amount of Gain Amount of Gain Amount of Gain (Loss) (in thousands) August 3, 2015 $ (139 ) $ (44 ) $ — February 5, 2016 (215 ) (34 ) — For the Nine Months Ended June 30, 2016 Amount of Gain Amount of Gain Amount of Gain (Loss) (in thousands) August 3, 2015 $ (383 ) $ (148 ) $ — February 5, 2016 (381 ) (55 ) —

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Jun. 30, 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 and liabilities measured at fair value on a recurring basis: June 30, 2017 Total Level 1 Level 2 Level 3 (in thousands) Assets: Investment securities available-for-sale: Debt securities: State and municipal obligations $ 9,265 $ — $ 9,265 $ — Single issuer trust preferred security 939 — 939 — Corporate debt securities 6,357 — 6,357 — Mutual fund 250 250 — — Total investment securities available-for-sale 16,811 250 16,561 — Derivative instruments $ 350 $ — $ 350 $ — Liabilities: Derivative instruments $ 23 $ — $ 23 $ — 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 June 30, 2017 and September 30, 2016: June 30, 2017 Total Level 1 Level 2 Level 3 (in thousands) Impaired loans (1) $ 176 $ — $ — $ 176 Total $ 176 $ — $ — $ 176 June 30, 2017 Fair Value at June 30, 2017 Valuation Technique Unobservable Input Range/(Weighted Average) (dollars in thousands) Impaired loans (1) $ 176 Appraisal of collateral (2) Collateral discounts (3) 0%/(0%) Total $ 176 (1) At June 30, 2017, consisted of four loans with an aggregate balance of $358,000 and with $182,000 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 September 30, 2016 Valuation Technique Unobservable Input Range/(Weighted Average) (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 June 30, 2017 and September 30, 2016 are presented below: Carrying Fair Value Level 1 Level 2 Level 3 (in thousands) June 30, 2017: Financial assets: Cash and cash equivalents $ 113,427 $ 113,427 $ 113,427 $ — $ — Investment securities available-for-sale 16,811 16,811 250 16,561 — Investment securities held-to-maturity 36,027 35,625 — 35,625 — Loans receivable, net (including impaired loans) 800,337 801,893 — — 801,893 Accrued interest receivable 2,837 2,837 — 2,837 — Restricted stock 5,458 5,458 — 5,458 — Mortgage servicing rights (included in Other Assets) 282 279 — 279 — Derivatives (included in Other Assets) 350 350 — 350 — Financial liabilities: Savings accounts 43,709 43,709 — 43,709 — Checking and NOW accounts 155,536 155,536 — 155,536 — Money market accounts 274,018 274,018 — 274,018 — Certificates of deposit 286,416 288,367 — 288,367 — FHLB advances 118,000 118,694 — 118,694 — Subordinated debt 24,263 24,263 — 24,263 — Derivatives (included in Other Liabilities) 23 23 — 23 — Accrued interest payable 1,060 1,060 — 1,060 — 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 —

Comprehensive Income (Loss) (Ta

Comprehensive Income (Loss) (Tables)	9 Months Ended
	Jun. 30, 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: June 30, September 30, 2017 2016 (In thousands) Net unrealized holding (losses) gains on available-for-sale securities $ (277 ) $ 447 Tax effect 94 (152 ) Net of tax amount (183 ) 295 Fair value adjustments on derivatives 327 (542 ) Tax effect (111 ) 184 Net of tax amount 216 (358 ) Total accumulated other comprehensive income (loss) $ 33 $ (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 June 30, Nine Months Ended June 30, (in thousands) 2017 2016 2017 2016 Net unrealized holding gains (losses) on available-for-sale securities $ 446 $ 972 $ (299 ) $ 2,111 Net realized gains on securities available-for-sale (374 ) (229 ) (432 ) (421 ) Accretion of unrealized holding losses on securities available-for-sale transferred to held-to-maturity 2 3 7 7 Fair value adjustments on derivatives (151 ) (278 ) 868 (527 ) Other comprehensive (loss) income before taxes (77 ) 468 144 1,170 Tax effect 25 (159 ) (48 ) (292 ) Total comprehensive (loss) income $ (52 ) $ 309 $ 96 $ 878

Equity Based Incentive Compen29

Equity Based Incentive Compensation Plan (Tables)	9 Months Ended
	Jun. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of currently outstanding options	Stock option activity as of June 30, 2017 and changes during the nine months ended June 30, 2017 were as follows: Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term (In Years) Aggregate Intrinsic Value 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 June 30, 2017 11,000 19.19 9.381 52,370 Vested and exercisable, end of the period 800 16.02 8.750 6,344 Vested and unvested exercisable, end of the period 800 16.02 8.750 6,344 Vested and expected to vest, at June 30, 2017 11,000 $ 19.19 9.381 $ 52,370
Schedule of restricted stock outstanding	The table below summarizes the activity for the Company’s restricted stock outstanding during the nine months ended at June 30, 2017: Shares Weighted Average Fair Value 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 June 30, 2017 13,874 $ 20.36

Basis of Presentation (Details

Basis of Presentation (Details Narrative) - Center	9 Months Ended
	Jun. 30, 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		9 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Earnings Per Share [Abstract]
Net Income	$ 2,079	$ 1,589	$ 4,658	$ 4,199
Weighted average shares outstanding	6,578,062	6,560,713	6,566,138	6,559,961
Average unearned ESOP shares	(134,547)	(148,947)	(138,160)	(152,558)
Basic weighted average shares outstanding	6,443,515	6,411,766	6,427,978	6,407,403
Plus: effect of dilutive options and restricted shares	1,773	38	448	30
Diluted weighted average common shares outstanding	6,445,288	6,411,804	6,428,426	6,407,433
Earnings per share:
Basic	$ 0.32	$ 0.25	$ 0.72	$ 0.66
Diluted	$ 0.32	$ 0.25	$ 0.72	$ 0.66

Earnings Per Share (Details Nar

Earnings Per Share (Details Narrative) - shares	3 Months Ended	9 Months Ended
	Jun. 30, 2017	Jun. 30, 2017	Jun. 30, 2016
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stock options		7,000
Restricted shares issued		12,522	2,240
Anti-dilutive shares		9,359
Employee Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stock options	7,000	7,000	5,000

Investment Securities (Details)

Investment Securities (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Jun. 30, 2017	Sep. 30, 2016
Investment Securities Available-for-Sale:
Amortized Cost	$ 17,088	$ 65,940
Gross Unrealized Gains	65	904
Gross Unrealized Losses	(342)	(457)
Fair value	16,811	66,387
Investment Securities Held-to-Maturity:
Amortized Cost	36,027	40,551
Gross Unrealized Gains	89	362
Gross Unrealized Losses	(491)	(96)
Fair Value	35,625	40,817
Total investment securities Amortized Cost	53,115	106,491
Total investment securities Gross Unrealized Gains	154	1,266
Total investment securities Gross Unrealized Losses	(833)	(553)
Total investment securities Fair Value	52,436	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	9,205	24,751
Gross Unrealized Gains	65	557
Gross Unrealized Losses	(5)	(1)
Fair value	9,265	25,307
Investment Securities Held-to-Maturity:
Amortized Cost	9,638	9,826
Gross Unrealized Gains	88	167
Gross Unrealized Losses	(9)	(1)
Fair Value	9,717	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	(61)	(122)
Fair value	939	878
Corporate Debt Securities [Member]
Investment Securities Available-for-Sale:
Amortized Cost	6,633	40,189
Gross Unrealized Gains		347
Gross Unrealized Losses	(276)	(334)
Fair value	6,357	40,202
Investment Securities Held-to-Maturity:
Amortized Cost	3,842	3,916
Gross Unrealized Gains		77
Gross Unrealized Losses	(4)
Fair Value	3,838	3,993
Collateralized Mortgage Obligations [Member] | Fixed Rate [Member]
Investment Securities Held-to-Maturity:
Amortized Cost	20,548	23,810
Gross Unrealized Gains	1	102
Gross Unrealized Losses	(472)	(95)
Fair Value	20,077	$ 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	9 Months Ended	12 Months Ended
	Jun. 30, 2017	Sep. 30, 2016
Investment Securities Available-for-Sale:
Less than 12 Months: Fair Value	$ 4,092	$ 1,485
Less than 12 Months: Unrealized Losses	(60)	(10)
12 Months or longer: Fair Value	4,218	11,492
12 Months or longer: Unrealized Losses	(282)	(447)
Total: Fair Value	8,310	12,977
Total: Unrealized Losses	(342)	(457)
Investment Securities Held-to-Maturity:
Less than 12 Months: Fair Value	21,631	5,535
Less than 12 Months: Unrealized Losses	(248)	(18)
12 Months or longer: Fair Value	6,940	6,283
12 Months or longer: Unrealized Losses	(243)	(78)
Total: Fair Value	28,571	11,818
Total: Unrealized Losses	(491)	(96)
Total investment securities in an unrealized loss position less than 12 months fair value	25,723	7,020
Total investment securities in an unrealized loss position less than 12 months gross unrealized loss	(308)	(28)
Total investment securities in an unrealized loss position 12 months or more fair value	11,158	17,775
Total investment securities in an unrealized loss position 12 months or more gross unrealized loss	(525)	(525)
Total investment securities in an unrealized loss position fair value	36,881	24,795
Total investment securities in an unrealized loss position gross unrealized loss	(833)	(553)
State And Municipal Obligations [Member]
Investment Securities Available-for-Sale:
Less than 12 Months: Fair Value	1,014	501
Less than 12 Months: Unrealized Losses	(5)	(1)
12 Months or longer: Fair Value
12 Months or longer: Unrealized Losses
Total: Fair Value	1,014	501
Total: Unrealized Losses	(5)	(1)
Investment Securities Held-to-Maturity:
Less than 12 Months: Fair Value	2,847	1,193
Less than 12 Months: Unrealized Losses	(9)	(1)
12 Months or longer: Fair Value
12 Months or longer: Unrealized Losses
Total: Fair Value	2,847	1,193
Total: Unrealized Losses	(9)	(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	939	878
12 Months or longer: Unrealized Losses	(61)	(122)
Total: Fair Value	939	878
Total: Unrealized Losses	(61)	(122)
Corporate Debt Securities [Member]
Investment Securities Available-for-Sale:
Less than 12 Months: Fair Value	3,078	984
Less than 12 Months: Unrealized Losses	(55)	(9)
12 Months or longer: Fair Value	3,279	10,614
12 Months or longer: Unrealized Losses	(221)	(325)
Total: Fair Value	6,357	11,598
Total: Unrealized Losses	(276)	(334)
Investment Securities Held-to-Maturity:
Less than 12 Months: Fair Value	3,838
Less than 12 Months: Unrealized Losses	(4)
12 Months or longer: Fair Value
12 Months or longer: Unrealized Losses
Total: Fair Value	3,838
Total: Unrealized Losses	(4)
Collateralized Mortgage Obligations [Member] | Fixed Rate [Member]
Investment Securities Held-to-Maturity:
Less than 12 Months: Fair Value	12,953	4,342
Less than 12 Months: Unrealized Losses	(229)	(17)
12 Months or longer: Fair Value	6,940	6,283
12 Months or longer: Unrealized Losses	(243)	(78)
Total: Fair Value	19,893	10,625
Total: Unrealized Losses	(472)	$ (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 (Detail35

Investment Securities (Details 2) - USD ($) $ in Thousands	Jun. 30, 2017	Sep. 30, 2016
Available for Sale, Amortized Cost:
Due in one year or less
Due after one year through five years	2,836
Due after five years through ten years	10,593
Due after ten years	3,659
Available-for-sale Securities, Amortized Cost Basis, Total	17,088	$ 65,940
Available for Sale, Fair Value:
Due in one year or less
Due after one year through five years	2,841
Due after five years through ten years	10,343
Due after ten years	3,627
Available-for-sale Securities, Fair value, Total	16,811	66,387
Held-to-Maturity, Amortized Cost:
Due after one year through five years	1,999
Due after five years through ten years	5,861
Due after ten years	28,167
Held-to-maturity Securities, Amortized Cost, Total	36,027	40,551
Held-to-Maturity, Fair Value:
Due after one year through five years	1,992
Due after five years through ten years	5,918
Due after ten years	27,715
Held-to-maturity Securities, Fair Value, Total	35,625	$ 40,817
Total Investment Securities, Amortized Cost	53,115
Total Investment Securities, Fair Value	$ 52,436

Investment Securities (Detail36

Investment Securities (Details Narrative) - USD ($) $ in Thousands	9 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Sep. 30, 2016
Investments, Debt and Equity Securities [Abstract]
Proceeds from sale of securities available for sale	$ 48,900	$ 50,500
Available-for-sale securities, gross realized gains	432	451
Available-for-sale securities, gross realized losses		$ 30
Fair value of available for sale securities trasferred	$ 493		$ 552

Investment Securities (Detail37

Investment Securities (Details Narrative 1)	Jun. 30, 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	4
Corporate Debt Securities [Member]
Schedule of Investments [Line Items]
Number of securities held in an unrealized loss position	4
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 38

Loans Receivable and Related Allowance for Loan Losses (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Mar. 31, 2017	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Sep. 30, 2015
Financing Receivable, Impaired [Line Items]
Total loans	$ 807,567		$ 578,386	$ 558,159
Deferred loan fees and cost, net	687		1,208
Allowance for loan losses	(7,917)	$ (7,181)	(5,434)	(5,343)	$ (4,937)	$ (4,667)
Total loans receivable, net	800,337		574,160
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Total loans	190,788		209,186	210,621
Allowance for loan losses	(1,020)	(1,042)	(1,201)	(1,226)	(1,399)	(1,486)
Construction and Development - Residential and Commercial Receivables [Member]
Financing Receivable, Impaired [Line Items]
Total loans	36,530		18,579	14,050
Allowance for loan losses	(683)	(1,343)	(199)	(258)	(74)	(30)
Construction And Development - Land Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	18,325		10,013	9,904
Allowance for loan losses	(146)	(128)	(97)	(122)	(106)	(35)
Construction And Development Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	54,855		28,592
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Total loans	424,732		231,439	211,516
Allowance for loan losses	(2,706)	(2,479)	(1,874)	(1,795)	(1,529)	(1,235)
Total loans receivable, net	1,300
Commercial Multi Family Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	21,547		19,515	20,102
Allowance for loan losses	(112)	(67)	(109)	(138)	(151)	(104)
Commercial - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	71,248		38,779	37,091
Allowance for loan losses	(406)	(369)	(158)	(156)	(193)	(108)
Commercial [Member]
Financing Receivable, Impaired [Line Items]
Total loans	519,261		289,733
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Total loans	17,602		19,757	21,035
Allowance for loan losses	(97)	(107)	(116)	(125)	(133)	(139)
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	23,658		29,204	31,752
Allowance for loan losses	(376)	(415)	(467)	(523)	(580)	(761)
Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	1,403		1,914	2,088
Allowance for loan losses	(17)	(20)	(34)	$ (32)	$ (29)	$ (24)
Consumer Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	42,663		50,875
Commercial Farmland [Member]
Financing Receivable, Impaired [Line Items]
Total loans	1,734
Allowance for loan losses	$ (10)

Loans Receivable and Related 39

Loans Receivable and Related Allowance for Loan Losses (Details 1) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Sep. 30, 2016
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, beginning balance	$ 7,181	$ 4,937	$ 5,434	$ 4,667	$ 4,667
Charge-offs	(64)	(102)	(190)	(508)	(560)
Recoveries	155	36	371	337	380
Provision (Credit)	645	472	2,302	847	947
Allowance for loan losses, ending balance	7,917	5,343	7,917	5,343	5,434
Allowance for loan losses: ending balance: individually evaluated for impairment	182	24	182	24	23
Allowance for loan losses: ending balance: collectively evaluated for impairment	7,735	5,319	7,735	5,319	5,411
Loans receivable, ending balance	807,567	558,159	807,567	558,159	578,386
Loans receivable: ending balance: individually evaluated for impairment	3,405	2,998	3,405	2,998	3,658
Loans Receivable: ending balance: collectively evaluated for impairment	804,162	555,161	804,162	555,161	574,728
Residential Mortgage [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, beginning balance	1,042	1,399	1,201	1,486	1,486
Charge-offs				(9)	(9)
Recoveries	2	(23)	2	17	17
Provision (Credit)	(24)	(150)	(183)	(268)	(293)
Allowance for loan losses, ending balance	1,020	1,226	1,020	1,226	1,201
Allowance for loan losses: ending balance: individually evaluated for impairment
Allowance for loan losses: ending balance: collectively evaluated for impairment	1,020	1,226	1,020	1,226	1,201
Loans receivable, ending balance	190,788	210,621	190,788	210,621	209,186
Loans receivable: ending balance: individually evaluated for impairment	2,089	787	2,089	787	1,159
Loans Receivable: ending balance: collectively evaluated for impairment	188,699	209,834	188,699	209,834	208,027
Construction and Development - Residential and Commercial Receivables [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, beginning balance	1,343	74	199	30	30
Charge-offs		(91)		(91)	(91)
Recoveries		39	90	243	243
Provision (Credit)	(660)	236	394	76	17
Allowance for loan losses, ending balance	683	258	683	258	199
Allowance for loan losses: ending balance: individually evaluated for impairment
Allowance for loan losses: ending balance: collectively evaluated for impairment	683	258	683	258	199
Loans receivable, ending balance	36,530	14,050	36,530	14,050	18,579
Loans receivable: ending balance: individually evaluated for impairment	97	109	97	109	109
Loans Receivable: ending balance: collectively evaluated for impairment	36,433	13,941	36,433	13,941	18,470
Construction And Development - Land Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, beginning balance	128	106	97	35	35
Charge-offs
Recoveries
Provision (Credit)	18	16	49	87	62
Allowance for loan losses, ending balance	146	122	146	122	97
Allowance for loan losses: ending balance: individually evaluated for impairment
Allowance for loan losses: ending balance: collectively evaluated for impairment	146	122	146	122	97
Loans receivable, ending balance	18,325	9,904	18,325	9,904	10,013
Loans receivable: ending balance: individually evaluated for impairment
Loans Receivable: ending balance: collectively evaluated for impairment	18,325	9,904	18,325	9,904	10,013
Commercial Real Estate [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, beginning balance	2,479	1,529	1,874	1,235	1,235
Charge-offs				(99)	(99)
Recoveries	9		39	3	3
Provision (Credit)	218	266	793	656	735
Allowance for loan losses, ending balance	2,706	1,795	2,706	1,795	1,874
Allowance for loan losses: ending balance: individually evaluated for impairment
Allowance for loan losses: ending balance: collectively evaluated for impairment	2,706	1,795	2,706	1,795	1,874
Loans receivable, ending balance	424,732	211,516	424,732	211,516	231,439
Loans receivable: ending balance: individually evaluated for impairment	744	1,850	744	1,850	2,039
Loans Receivable: ending balance: collectively evaluated for impairment	423,988	209,666	423,988	209,666	229,400
Commercial Multi Family Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, beginning balance	67	151	109	104	104
Charge-offs
Recoveries
Provision (Credit)	45	(13)	3	34	5
Allowance for loan losses, ending balance	112	138	112	138	109
Allowance for loan losses: ending balance: individually evaluated for impairment
Allowance for loan losses: ending balance: collectively evaluated for impairment	112	138	112	138	109
Loans receivable, ending balance	21,547	20,102	21,547	20,102	19,515
Loans receivable: ending balance: individually evaluated for impairment
Loans Receivable: ending balance: collectively evaluated for impairment	21,547	20,102	21,547	20,102	19,515
Commercial - Other Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, beginning balance	369	193	158	108	108
Charge-offs
Recoveries	2		8	2	3
Provision (Credit)	35	(37)	240	46	47
Allowance for loan losses, ending balance	406	156	406	156	158
Allowance for loan losses: ending balance: individually evaluated for impairment	112		112
Allowance for loan losses: ending balance: collectively evaluated for impairment	294	156	294	156	158
Loans receivable, ending balance	71,248	37,091	71,248	37,091	38,779
Loans receivable: ending balance: individually evaluated for impairment	246		246
Loans Receivable: ending balance: collectively evaluated for impairment	71,002	37,091	71,002	37,091	38,779
Consumer - Home Equity Lines of Credit [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, beginning balance	107	133	116	139	139
Charge-offs
Recoveries	15	1	17	1	1
Provision (Credit)	(25)	(9)	(36)	(15)	(24)
Allowance for loan losses, ending balance	97	125	97	125	116
Allowance for loan losses: ending balance: individually evaluated for impairment
Allowance for loan losses: ending balance: collectively evaluated for impairment	97	125	97	125	116
Loans receivable, ending balance	17,602	21,035	17,602	21,035	19,757
Loans receivable: ending balance: individually evaluated for impairment	10	20	10	20	74
Loans Receivable: ending balance: collectively evaluated for impairment	17,592	21,015	17,592	21,015	19,683
Consumer - Second Mortgages Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, beginning balance	415	580	467	761	761
Charge-offs	(64)		(185)	(255)	(291)
Recoveries	123	15	205	59	100
Provision (Credit)	(98)	(72)	(111)	(42)	(103)
Allowance for loan losses, ending balance	376	523	376	523	467
Allowance for loan losses: ending balance: individually evaluated for impairment	70	24	70	24	23
Allowance for loan losses: ending balance: collectively evaluated for impairment	306	499	306	499	444
Loans receivable, ending balance	23,658	31,752	23,658	31,752	29,204
Loans receivable: ending balance: individually evaluated for impairment	219	232	219	232	277
Loans Receivable: ending balance: collectively evaluated for impairment	23,439	31,520	23,439	31,520	28,927
Consumer - Other Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, beginning balance	20	29	34	24	24
Charge-offs		(11)	(5)	(54)	(70)
Recoveries	4	4	10	12	13
Provision (Credit)	(7)	10	(22)	50	67
Allowance for loan losses, ending balance	17	32	17	32	34
Allowance for loan losses: ending balance: individually evaluated for impairment
Allowance for loan losses: ending balance: collectively evaluated for impairment	17	32	17	32	34
Loans receivable, ending balance	1,403	2,088	1,403	2,088	1,914
Loans receivable: ending balance: individually evaluated for impairment
Loans Receivable: ending balance: collectively evaluated for impairment	1,403	2,088	1,403	2,088	1,914
Unallocated [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, beginning balance	1,211	743	1,179	745	745
Charge-offs
Recoveries
Provision (Credit)	1,133	225	1,165	223	434
Allowance for loan losses, ending balance	2,344	968	2,344	968	1,179
Allowance for loan losses: ending balance: individually evaluated for impairment
Allowance for loan losses: ending balance: collectively evaluated for impairment	2,344	$ 968	2,344	$ 968	1,179
Commercial Farmland [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, beginning balance
Charge-offs
Recoveries
Provision (Credit)	10		10
Allowance for loan losses, ending balance	10		10
Allowance for loan losses: ending balance: individually evaluated for impairment
Allowance for loan losses: ending balance: collectively evaluated for impairment	10		10
Loans receivable, ending balance	1,734		1,734
Loans receivable: ending balance: individually evaluated for impairment
Loans Receivable: ending balance: collectively evaluated for impairment	$ 1,734		$ 1,734

Loans Receivable and Related 40

Loans Receivable and Related Allowance for Loan Losses (Details 2) - USD ($) $ in Thousands	Jun. 30, 2017	Sep. 30, 2016
Financing Receivable, Impaired [Line Items]
Impaired Loans With Specific Allowance, Recorded Investment	$ 358	$ 31
Impaired Loans With Specific Allowance, Related Allowance	182	23
Impaired Loans With No Specific Allowance, Recorded Investment	3,047	3,627
Total Impaired Loans Recorded Investment	3,405	3,658
Total Impaired Loans Unpaid Principal Balance	3,577	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	2,089	1,159
Total Impaired Loans Recorded Investment	2,089	1,159
Total Impaired Loans Unpaid Principal Balance	2,222	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	97	109
Total Impaired Loans Recorded Investment	97	109
Total Impaired Loans Unpaid Principal Balance	97	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	744	2,039
Total Impaired Loans Recorded Investment	744	2,039
Total Impaired Loans Unpaid Principal Balance	754	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	10	74
Total Impaired Loans Recorded Investment	10	74
Total Impaired Loans Unpaid Principal Balance	11	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	70	23
Impaired Loans With No Specific Allowance, Recorded Investment	107	246
Total Impaired Loans Recorded Investment	219	277
Total Impaired Loans Unpaid Principal Balance	247	$ 451
Commercial - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans With Specific Allowance, Recorded Investment	246
Impaired Loans With Specific Allowance, Related Allowance	112
Impaired Loans With No Specific Allowance, Recorded Investment
Total Impaired Loans Recorded Investment	246
Total Impaired Loans Unpaid Principal Balance	$ 246

Loans Receivable and Related 41

Loans Receivable and Related Allowance for Loan Losses (Details 3) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	$ 3,413	$ 2,798	$ 3,584	$ 2,563
Interest Income Recognized on Impaired Loans	21	18	65	51
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	2,099	712	2,091	641
Interest Income Recognized on Impaired Loans	10		43
Construction and Development - Residential and Commercial Receivables [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	104	251	107	164
Interest Income Recognized on Impaired Loans	2	1	4	3
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	747	1,593	1,038	1,534
Interest Income Recognized on Impaired Loans	6	17	14	48
Commercial - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	248		111
Interest Income Recognized on Impaired Loans	2		2
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	10	20	47	20
Interest Income Recognized on Impaired Loans
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	205	222	190	204
Interest Income Recognized on Impaired Loans	$ 1		$ 2

Loans Receivable and Related 42

Loans Receivable and Related Allowance for Loan Losses (Details 4) - USD ($) $ in Thousands	Jun. 30, 2017	Sep. 30, 2016	Jun. 30, 2016
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	$ 807,567	$ 578,386	$ 558,159
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	190,788	209,186	210,621
Construction and Development - Residential and Commercial Receivables [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	36,530	18,579	14,050
Construction And Development - Land Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	18,325	10,013	9,904
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	424,732	231,439	211,516
Commercial Multi Family Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	21,547	19,515	20,102
Commercial - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	71,248	38,779	37,091
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	17,602	19,757	21,035
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	23,658	29,204	31,752
Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	1,403	1,914	$ 2,088
Commercial Farmland [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	1,734
Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	789,465	564,586
Pass [Member] | Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	188,265	207,880
Pass [Member] | Construction and Development - Residential and Commercial Receivables [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	36,433	18,470
Pass [Member] | Construction And Development - Land Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	12,537	10,013
Pass [Member] | Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	417,197	221,742
Pass [Member] | Commercial Multi Family Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	21,179	19,303
Pass [Member] | Commercial - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	70,346	37,848
Pass [Member] | Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	17,492	19,584
Pass [Member] | Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	22,886	27,843
Pass [Member] | Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	1,396	1,903
Pass [Member] | Commercial Farmland [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	1,734
Special Mention [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	5,966	5,713
Special Mention [Member] | Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	116	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	5,361	4,990
Special Mention [Member] | Commercial Multi Family Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	368	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	114	119
Special Mention [Member] | Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	7	11
Special Mention [Member] | Commercial Farmland [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross
Substandard [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	12,136	8,087
Substandard [Member] | Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	2,407	1,184
Substandard [Member] | Construction and Development - Residential and Commercial Receivables [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	97	109
Substandard [Member] | Construction And Development - Land Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	5,788
Substandard [Member] | Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	2,174	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	902	672
Substandard [Member] | Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	110	173
Substandard [Member] | Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	658	1,242
Substandard [Member] | Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross
Substandard [Member] | Commercial Farmland [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross
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
Doubtful [Member] | Commercial Farmland [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross

Loans Receivable and Related 43

Loans Receivable and Related Allowance for Loan Losses (Details 5) - USD ($) $ in Thousands	Jun. 30, 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	184	193
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Total non-accrual loans	10	74
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total non-accrual loans	$ 137	$ 278

Loans Receivable and Related 44

Loans Receivable and Related Allowance for Loan Losses (Details 6) - USD ($) $ in Thousands	Jun. 30, 2017	Sep. 30, 2016	Jun. 30, 2016
Financing Receivable, Impaired [Line Items]
Current	$ 800,933	$ 571,774
Past Due	6,634	6,612
Total Loans Receivable	807,567	578,386	$ 558,159
Accruing 90 Days or More Past Due	321	696
30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	4,415	2,740
60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	889	1,954
Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	1,330	1,918
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Current	186,017	204,816
Past Due	4,771	4,370
Total Loans Receivable	190,788	209,186	210,621
Accruing 90 Days or More Past Due	184	509
Residential Mortgage [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	2,968	1,750
Residential Mortgage [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	673	1,345
Residential Mortgage [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	1,130	1,275
Construction and Development - Residential and Commercial Receivables [Member]
Financing Receivable, Impaired [Line Items]
Current	36,530	18,579
Past Due
Total Loans Receivable	36,530	18,579	14,050
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	18,325	10,013
Past Due
Total Loans Receivable	18,325	10,013	9,904
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	424,181	231,059
Past Due	551	380
Total Loans Receivable	424,732	231,439	211,516
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	551
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	21,547	19,515
Past Due
Total Loans Receivable	21,547	19,515	20,102
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	71,248	38,433
Past Due		346
Total Loans Receivable	71,248	38,779	37,091
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	17,359	19,513
Past Due	243	244
Total Loans Receivable	17,602	19,757	21,035
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	132	170
Consumer - Home Equity Lines of Credit [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	111	43
Consumer - Home Equity Lines of Credit [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due		31
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Current	22,590	27,933
Past Due	1,068	1,271
Total Loans Receivable	23,658	29,204	31,752
Accruing 90 Days or More Past Due	137
Consumer - Second Mortgages Receivable [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	764	473
Consumer - Second Mortgages Receivable [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	104	566
Consumer - Second Mortgages Receivable [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	200	232
Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Current	1,402	1,913
Past Due	1	1
Total Loans Receivable	1,403	1,914	$ 2,088
Accruing 90 Days or More Past Due
Consumer - Other Receivable [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due		1
Consumer - Other Receivable [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	1
Consumer - Other Receivable [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due
Commercial Farmland [Member]
Financing Receivable, Impaired [Line Items]
Current	1,734
Past Due
Total Loans Receivable	1,734
Commercial Farmland [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due
Commercial Farmland [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due
Commercial Farmland [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due

Loans Receivable and Related 45

Loans Receivable and Related Allowance for Loan Losses (Details 7) $ in Thousands	9 Months Ended	12 Months Ended
	Jun. 30, 2017USD ($)LoanNumber	Sep. 30, 2016USD ($)LoanNumber
Total Troubled Debt Restructurings, Number of Loans | Loan	11	7
Total Troubled Debt Restructurings, Recorded Investment	$ 2,035	$ 2,178
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Number of Loans | Number	3	1
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Recorded Investment	$ 432	$ 139
Residential Mortgage [Member]
Total Troubled Debt Restructurings, Number of Loans	5	2
Total Troubled Debt Restructurings, Recorded Investment	$ 1,117	$ 224
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Number of Loans | Number	1	1
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Recorded Investment	$ 225	$ 139
Construction and Development - Residential and Commercial Receivables [Member]
Total Troubled Debt Restructurings, Number of Loans | Number	1	1
Total Troubled Debt Restructurings, Recorded Investment	$ 97	$ 109
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Number of Loans | Number
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 | Number	3	4
Total Troubled Debt Restructurings, Recorded Investment	$ 744	$ 1,845
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Number of Loans | Number	1
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Recorded Investment	$ 184
Consumer - Second Mortgages Receivable [Member]
Total Troubled Debt Restructurings, Number of Loans | Loan	2
Total Troubled Debt Restructurings, Recorded Investment	$ 77
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Number of Loans | Number	1
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Recorded Investment	$ 23

Loans Receivable and Related 46

Loans Receivable and Related Allowance for Loan Losses (Details 8) - USD ($) $ in Thousands	Jun. 30, 2017	Sep. 30, 2016	Jun. 30, 2016
Recorded Investment	$ 2,035	$ 2,178
Performing Financing Receivable [Member]
Recorded Investment	1,603	2,039
Nonperforming Financing Receivable [Member]
Recorded Investment	432	139
Residential Mortgage [Member]
Recorded Investment	1,117	224
Residential Mortgage [Member] | Performing Financing Receivable [Member]
Recorded Investment	892	85
Residential Mortgage [Member] | Nonperforming Financing Receivable [Member]
Recorded Investment	225	139
Construction and Development - Residential and Commercial Receivables [Member]
Recorded Investment	97	109
Construction and Development - Residential and Commercial Receivables [Member] | Performing Financing Receivable [Member]
Recorded Investment	97	109
Construction and Development - Residential and Commercial Receivables [Member] | Nonperforming Financing Receivable [Member]
Recorded Investment
Commercial Real Estate [Member]
Recorded Investment	744	1,845
Commercial Real Estate [Member] | Performing Financing Receivable [Member]
Recorded Investment	560	1,845
Commercial Real Estate [Member] | Nonperforming Financing Receivable [Member]
Recorded Investment	184
Consumer - Second Mortgages Receivable [Member]
Recorded Investment	77
Consumer - Second Mortgages Receivable [Member] | Performing Financing Receivable [Member]
Recorded Investment	54
Consumer - Second Mortgages Receivable [Member] | Nonperforming Financing Receivable [Member]
Recorded Investment	$ 23

Loans Receivable and Related 47

Loans Receivable and Related Allowance for Loan Losses (Details 9) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2017USD ($)Number	Jun. 30, 2016USD ($)Number	Jun. 30, 2017USD ($)Number	Jun. 30, 2016USD ($)Number
Number of loans | Number		1	6	1
Pre-Modifications Outstanding Recorded Investments		$ 386	$ 1,163	$ 386
Post-Modifications Outstanding Recorded Investments		$ 386	$ 1,163	386
Residential Mortgage [Member]
Number of loans | Number			3
Pre-Modifications Outstanding Recorded Investments			$ 889
Post-Modifications Outstanding Recorded Investments			$ 889
Commercial Real Estate [Member]
Number of loans | Number		1	1	1
Pre-Modifications Outstanding Recorded Investments		$ 386	$ 193	$ 386
Post-Modifications Outstanding Recorded Investments		$ 386	$ 193	386
Consumer - Second Mortgages Receivable [Member]
Number of loans | Number			2
Pre-Modifications Outstanding Recorded Investments			$ 81
Post-Modifications Outstanding Recorded Investments			$ 81

Loans Receivable and Related 48

Loans Receivable and Related Allowance for Loan Losses (Details Narrative) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Jun. 30, 2017USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2017USD ($)LoanNumber	Jun. 30, 2016USD ($)	Sep. 30, 2016USD ($)LoanNumber
Non accrual loans interest income	$ 6	$ 12	$ 33	$ 29
Number of loans | Loan			11		7
Recorded Investment	2,035		$ 2,035		$ 2,178
Loan outstanding balance	800,337		800,337		574,160
Loans past due 90 days or more and still accruing interest	321		321		696
Performing Financing Receivable [Member]
Recorded Investment	1,603		1,603		2,039
Nonperforming Financing Receivable [Member]
Recorded Investment	432		$ 432		$ 139
Commercial Real Estate [Member]
Number of loans | Number			3		4
Recorded Investment	744		$ 744		$ 1,845
Number of loans sold | Number			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	560		560		1,845
Commercial Real Estate [Member] | Nonperforming Financing Receivable [Member]
Recorded Investment	184		184
Loan outstanding balance	184		$ 184
Construction and Development - Residential and Commercial Receivables [Member]
Number of loans | Number			1		1
Recorded Investment	97		$ 97		$ 109
Real estate through foreclosure	579		579		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	97		97		109
Construction and Development - Residential and Commercial Receivables [Member] | Nonperforming Financing Receivable [Member]
Recorded Investment
Residential Mortgage [Member]
Number of loans			5		2
Recorded Investment	1,117		$ 1,117		$ 224
Loans past due 90 days or more and still accruing interest	184		184		509
Residential Mortgage [Member] | Performing Financing Receivable [Member]
Recorded Investment	892		892		85
Loan outstanding balance	653		653
Residential Mortgage [Member] | Nonperforming Financing Receivable [Member]
Recorded Investment	225		225		$ 139
Loan outstanding balance	225		$ 225
Consumer - Second Mortgages Receivable [Member]
Number of loans | Loan			2
Recorded Investment	77		$ 77
Loans past due 90 days or more and still accruing interest	137		137
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	23		23
Loan outstanding balance	$ 23		$ 23

Employee Stock Ownership Plan (

Employee Stock Ownership Plan (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		4 Months Ended	9 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Sep. 30, 2008	Jun. 30, 2017	Jun. 30, 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		10,800	10,800
Number of unallocated shares	132,765			132,765
Number of allocated shares held by the ESOP	126,453			126,453
Aggregate fair value of shares held by the ESOP	$ 3,200			$ 3,200

Regulatory Matters (Details)

Regulatory Matters (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Sep. 30, 2016	Jan. 02, 2016	Jan. 02, 2015
Parent Company [Member]
Capital (to adjusted tangible assets): Actual Amount	$ 97,315	$ 90,310
Common equity Tier 1(to risk-weighted assets): Actual Amount	97,315	90,310
Tier 1 Capital (to risk-weighted assets): Actual Amount	97,315	90,310
Total Capital (to risk-weighted assets): Actual Amount	$ 129,557	$ 95,806
Capital (to adjusted tangible assets): Actual Ratio	9.97%	11.45%
Common equity Tier 1(to risk-weighted assets): Actual Ratio	12.29%	15.11%
Tier 1 Capital (to risk-weighted assets): Actual Ratio	12.29%	15.11%
Total Capital (to risk-weighted assets): Actual Ratio	16.36%	16.03%
Capital (to adjusted tangible assets): For Capital Adequacy Purposes Amount	$ 39,026	$ 31,561
Common equity Tier 1(to risk-weighted assets): For Capital Adequacy Purposes Amount	35,646	26,894
Tier 1 Capital (to risk-weighted assets): For Capital Adequacy Purposes Amount	47,529	35,859
Total Capital (to risk-weighted assets): For Capital Adequacy Purposes Amount	$ 63,371	$ 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	$ 48,783	$ 39,452
Common equity Tier 1(to risk-weighted assets): To be Well Capitalized under Prompt Corrective Action Provisions Capital Amount	51,489	38,847
Tier 1 Capital (to risk-weighted assets): To be Well Capitalized under Prompt Corrective Action Provisions Capital Amount	63,371	47,812
Total Capital (to risk-weighted assets): To be Well Capitalized under Prompt Corrective Action Provisions Capital Amount	$ 79,214	$ 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	$ 116,025	$ 85,030
Common equity Tier 1(to risk-weighted assets): Actual Amount	116,025	85,030
Tier 1 Capital (to risk-weighted assets): Actual Amount	116,025	85,030
Total Capital (to risk-weighted assets): Actual Amount	$ 124,005	$ 90,526
Capital (to adjusted tangible assets): Actual Ratio	11.91%	10.79%
Common equity Tier 1(to risk-weighted assets): Actual Ratio	14.69%	14.24%
Tier 1 Capital (to risk-weighted assets): Actual Ratio	14.69%	14.24%
Total Capital (to risk-weighted assets): Actual Ratio	15.70%	15.16%	10.50%
Capital (to adjusted tangible assets): For Capital Adequacy Purposes Amount	$ 38,980	$ 31,533
Common equity Tier 1(to risk-weighted assets): For Capital Adequacy Purposes Amount	35,532	26,875
Tier 1 Capital (to risk-weighted assets): For Capital Adequacy Purposes Amount	47,376	35,834
Total Capital (to risk-weighted assets): For Capital Adequacy Purposes Amount	$ 63,168	$ 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	$ 48,725	$ 39,417
Common equity Tier 1(to risk-weighted assets): To be Well Capitalized under Prompt Corrective Action Provisions Capital Amount	51,324	38,820
Tier 1 Capital (to risk-weighted assets): To be Well Capitalized under Prompt Corrective Action Provisions Capital Amount	63,168	47,779
Total Capital (to risk-weighted assets): To be Well Capitalized under Prompt Corrective Action Provisions Capital Amount	$ 78,960	$ 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]	Jun. 30, 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	15.70%	15.16%	10.50%
Capital conservation buffer percentage of risk-weighted assets			0.625%

Derivatives and Hedging Activ52

Derivatives and Hedging Activities (Details) - Designated as Hedging Instrument [Member] - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Jun. 30, 2017	Sep. 30, 2016
Other Assets [Member] | Interest Rate Swap Due On February 1, 2021 [Member]
Notional Amount	$ 20,000
Fair Value	$ 350
Effective Date	Feb. 5, 2016
Other Liabilities [Member] | Interest Rate Swap Due On August 3, 2020 [Member]
Notional Amount	$ 15,000	$ 15,000
Fair Value	$ 23	$ 394
Effective Date	Aug. 3, 2015	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 Activ53

Derivatives and Hedging Activities (Details 1) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Interest Rate Swap Due On August 3, 2020 [Member]
Amount of Gain (Loss) Recognized in OCI (Effective Portion)	$ (70)	$ (139)	$ 280	$ (383)
Amount of Gain (Loss) Reclassified from OCI to Interest Expense	(25)	(44)	(91)	(148)
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)	(113)	(215)	451	(381)
Amount of Gain (Loss) Reclassified from OCI to Interest Expense	(8)	(34)	(47)	(55)
Amount of Gain (Loss) Recognized in Other Non-Interest Income (Ineffective Portion)

Derivatives and Hedging Activ54

Derivatives and Hedging Activities (Details Narrative) - Interest Rate Swap Due On August 3, 2020 [Member] - USD ($) $ in Thousands	9 Months Ended
	Jun. 30, 2017	Sep. 30, 2016
Increased in interest expense	$ 27
Derivatives net liability position		$ 586
Derivatives minimum collateral posting thresholds	0	$ 800
Derivatives net asset position	$ 0

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Sep. 30, 2016
Assets:
Investment securities available for sale, at fair value	$ 16,811	$ 66,387
State And Municipal Obligations [Member]
Assets:
Investment securities available for sale, at fair value	9,265	25,307
Single Issuer Trust Preferred Security [Member]
Assets:
Investment securities available for sale, at fair value	939	878
Corporate Debt Securities [Member]
Assets:
Investment securities available for sale, at fair value	6,357	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	16,561	66,387
Derivative instruments	350
Liabilities:
Derivative instruments	23	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	16,811	66,387
Derivative instruments	350
Liabilities:
Derivative instruments	23	542
Fair Value, Measurements, Recurring [Member] | State And Municipal Obligations [Member]
Assets:
Investment securities available for sale, at fair value	9,265	25,307
Fair Value, Measurements, Recurring [Member] | Single Issuer Trust Preferred Security [Member]
Assets:
Investment securities available for sale, at fair value	939	878
Fair Value, Measurements, Recurring [Member] | Corporate Debt Securities [Member]
Assets:
Investment securities available for sale, at fair value	6,357	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	0
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	16,561	66,387
Derivative instruments	350
Liabilities:
Derivative instruments	23	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	9,265	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	939	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	6,357	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 (Deta56

Fair Value Measurements (Details 1) - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Thousands	Jun. 30, 2017		Sep. 30, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value, nonrecurring basis	$ 176		$ 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	176		8
Impaired Loans Net [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value, nonrecurring basis	176	[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	$ 176	[1]	$ 8	[2]
[1]	At June 30,2017,consisted of four loans with an aggregate balance of $358,000 and with $182,000 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 (Deta57

Fair Value Measurements (Details 2) - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Thousands		9 Months Ended		12 Months Ended
		Jun. 30, 2017		Sep. 30, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value		$ 176		$ 8
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value		176		8
Impaired Loans Net [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value		176	[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		$ 176	[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 June 30,2017,consisted of four loans with an aggregate balance of $358,000 and with $182,000 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 (Deta58

Fair Value Measurements (Details 3) - USD ($) $ in Thousands	Jun. 30, 2017	Sep. 30, 2016
Financial assets:
Investment securities available-for-sale	$ 16,811	$ 66,387
Investment securities held-to-maturity	35,625	40,817
Fair Value, Inputs, Level 1 [Member]
Financial assets:
Cash and cash equivalents	113,427	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
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	16,561	66,387
Investment securities held-to-maturity	35,625	40,817
Loans receivable, net (including impaired loans)
Accrued interest receivable	2,837	2,558
Restricted stock	5,458	5,424
Mortgage servicing rights (included in Other Assets)	279	308
Derivatives (included in Other Assets)	350
Financial liabilities:
Savings accounts	43,709	44,714
Checking and NOW accounts	155,536	129,588
Money market accounts	274,018	177,486
Certificates of deposit	288,367	252,232
FHLB advances	118,694	119,946
Subordinated debt	24,263
Derivatives (included in Other Liabilities)	23	542
Accrued interest payable	1,060	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)	801,893	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
Subordinated debt
Derivatives (included in Other Liabilities)
Accrued interest payable
Carrying Amount [Member]
Financial assets:
Cash and cash equivalents	113,427	96,762
Investment securities available-for-sale	16,811	66,387
Investment securities held-to-maturity	36,027	40,551
Loans receivable, net (including impaired loans)	800,337	574,160
Accrued interest receivable	2,837	2,558
Restricted stock	5,458	5,424
Mortgage servicing rights (included in Other Assets)	282	328
Derivatives (included in Other Assets)	350
Financial liabilities:
Savings accounts	43,709	44,714
Checking and NOW accounts	155,536	129,588
Money market accounts	274,018	177,486
Certificates of deposit	286,416	250,258
FHLB advances	118,000	118,000
Subordinated debt	24,263
Derivatives (included in Other Liabilities)	23	542
Accrued interest payable	1,060	427
Fair Value [Member]
Financial assets:
Cash and cash equivalents	113,427	96,762
Investment securities available-for-sale	16,811	66,387
Investment securities held-to-maturity	35,625	40,817
Loans receivable, net (including impaired loans)	801,893	589,844
Accrued interest receivable	2,837	2,558
Restricted stock	5,458	5,424
Mortgage servicing rights (included in Other Assets)	279	308
Derivatives (included in Other Assets)	350
Financial liabilities:
Savings accounts	43,709	44,714
Checking and NOW accounts	155,536	129,588
Money market accounts	274,018	177,486
Certificates of deposit	288,367	252,232
FHLB advances	118,694	119,946
Subordinated debt	24,263
Derivatives (included in Other Liabilities)	23	542
Accrued interest payable	$ 1,060	$ 427

Fair Value Measurements (Deta59

Fair Value Measurements (Details Narrative) - USD ($) $ in Thousands	Jun. 30, 2017	Sep. 30, 2016
Impaired Loans with aggregate balance	$ 358	$ 31
Impaired Loans with specific loan loss allowance	182	23
Investment securities available for sale, at fair value	16,811	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	16,811	66,387
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Investment securities available for sale, at fair value	$ 250	$ 0

Income Taxes (Details Narrative

Income Taxes (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Income Tax Disclosure [Abstract]
Income tax expense	$ 503		$ 1,144

Comprehensive Income (Loss) (De

Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Jun. 30, 2017	Sep. 30, 2016
Equity [Abstract]
Net unrealized holding (losses) gains on available-for-sale securities	$ (277)	$ 447
Tax effect	94	(152)
Net of tax amount	(183)	295
Fair value adjustments on derivatives	327	(542)
Tax effect	(111)	184
Net of tax amount	216	(358)
Total accumulated other comprehensive income (loss)	$ 33	$ (63)

Comprehensive Income (Loss) (62

Comprehensive Income (Loss) (Details 1) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Equity [Abstract]
Net unrealized holding gains (losses) on available-for-sale securities		$ 446	$ 972	$ (299)	$ 2,111
Net realized gains on securities available-for-sale	[1]	(374)	(229)	(432)	(421)
Accretion of unrealized holding losses on securities available-for-sale transferred to held-to-maturity	[2]	2	3	7	7
Fair value adjustments on derivatives		(151)	(278)	868	(527)
Other comprehensive (loss) income before taxes		(77)	468	144	1,170
Tax effect		25	(159)	(48)	(292)
Total comprehensive (loss) income		$ (52)	$ 309	$ 96	$ 878
[1]	Amounts are included in gain on sale 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 Compen63

Equity Based Incentive Compensation Plan (Details) - Malvern Bancorp, Inc. 2014 Long Term Incentive Compensation Plan (2014 Plan) [Member] - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended
	Jun. 30, 2017	Jun. 30, 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
Exercised
Forfeited/cancelled/expired	(1,000)
Outstanding, end of year	11,000
Vested and exercisable, end of the period	800
Vested and unvested exercisable, end of the period	800
Vested and expected to vest, end of year	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
Vested and exercisable, end of the period	16.02
Vested and unvested exercisable, end of the period	16.02
Vested and expected to vest, end of year	$ 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 4 months 17 days
Vested and exercisable, end of the period	8 years 9 months
Vested and unvested exercisable, end of the period	8 years 9 months
Vested and expected to vest, end of year	9 years 4 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	52,370
Vested and exercisable, end of the period	6,344
Vested and unvested exercisable, end of the period	6,344
Vested and expected to vest, end of year	$ 52,370

Equity Based Incentive Compen64

Equity Based Incentive Compensation Plan (Details 1) - Malvern Bancorp, Inc. 2014 Long Term Incentive Compensation Plan (2014 Plan) [Member] - Restricted Stock [Member]	9 Months Ended
	Jun. 30, 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 Compen65

Equity Based Incentive Compensation Plan (Details Narrative) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Jun. 30, 2017	Jun. 30, 2017	Jun. 30, 2016
Share-based compensation		$ 94
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	$ 62	$ 62
Weighted average period		9 years 4 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	87	$ 88
Compensation cost not yet recognized	202	$ 202
Weighted average period		9 years 6 months 7 days
Granted shares		12,522	2,200
Malvern Bancorp, Inc. 2014 Long Term Incentive Compensation Plan (2014 Plan) [Member] | Stock Option [Member]
Share-based compensation	$ 3	$ 5
Granted shares		7,000	5,000

Subordinated Debt (Details Narr

Subordinated Debt (Details Narrative) - USD ($) $ in Thousands	Feb. 07, 2017	Jun. 30, 2017	Sep. 30, 2016
Debt Instrument [Line Items]
Subordinated debt		$ 24,263
Subordinated Notes Due February 15, 2027 [Member]
Debt Instrument [Line Items]
Aggregate principal amount	$ 25,000
Fixed interest rate	6.125%
Description of fixed-to-floating interest rate terms	The Notes bear interest at a fixed rate of 6.125% per year, from and including February 7, 2017 to, but excluding February 15, 2022. From and including February 15, 2022 to the maturity date or earlier redemption date, the interest rate will reset quarterly at a variable rate equal to the then current 3-month LIBOR plus 414.5 basis points.
Subordinated debt		$ 24,300
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.
Debt issuance costs		$ 737