Malvern Bancorp (MLVF) 10-K/A 18 Dec 17 2016 FY Annual report (amended) Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2016	Dec. 12, 2016
Document And Entity Information
Entity Registrant Name	MALVERN BANCORP, INC.
Entity Central Index Key	1,550,603
Document Type	10-K/A
Trading Symbol	MLVF
Document Period End Date	Sep. 30, 2016
Amendment Flag	true
Amendment Description	EXPLANATORY NOTE As previously reported in a Form 8-K filed on November 28, 2017 (the “Item 4.02 8-K”), on November 21, 2017, Malvern Bancorp, Inc. (the “Company”) was advised by BDO USA, LLP (“BDO”), its independent registered public accounting firm, that the Company should disclose that BDO’s audit report on the Company’s consolidated financial statements as of September 30, 2016 and 2015, and for each of the years in the two year period ended September 30, 2016, and BDO’s completed interim reviews of the Company’s consolidated interim financial statements as of and for the periods ended December 31, 2016, March 31, 2017 and June 30, 2017 (collectively, the “Specified Financial Statements”), should no longer be relied upon. As a result of the foregoing, the Company is restating the Specified Financial Statements. The audited annual financial statements as of September 30, 2016 and 2015, and for each of the years in the two year period ended September 30, 2016, as included in the Company’s Annual Report on Form 10-K for the fiscal year ended September 30, 2016, which was originally filed on December 14, 2016 (the “Original 10-K Filing”), have been restated as set forth in this Amendment No. 1 on Form 10-K/A (this “Amendment”). Restatements of the Company’s consolidated interim financial statements for the periods ended December 31, 2016, March 31, 2017 and June 30, 2017 are being filed in amendments to the Company’s Quarterly Reports on Form 10-Q for such periods. Also as previously reported in the Item 4.02 8-K, BDO also advised the Company that they have concluded that a material weakness in the Company’s internal controls over financial reporting existed, and that BDO’s report on the effectiveness of the Company’s internal control over financial reporting as of September 30, 2016 in Item 9A of the Company’s fiscal 2016 10-K that the Company’s internal control over financial reporting was effective as of September 30, 2016, should no longer be relied upon. The material weakness identified relates to the effectiveness of the Company’s management review controls over the computation and disclosure of income taxes. The matters described above relate to the Company’s income tax account balances. The effect of these matters is to increase net income for fiscal 2016 by approximately $208,000, fiscal 2015 by approximately $970,000 and fiscal 2014 by approximately $388,000. See the table below for an analysis of the impact on the consolidated balance sheets and income statements for the periods affected. The 2014 restatements represent the correction of an immaterial error in the consolidated balance sheets and consolidated statements of operations. For Year Ended September 30, 2014 2015 2016 As Filed Amount of Misstatement Restated Amount As Filed Amount of Misstatement Restated Amount As Filed Amount of Misstatement Restated Amount Total Assets $ 542,264 — $ 542,264 $ 655,690 — $ 655,690 $ 821,272 — $ 821,272 Liabilities and Shareholders’ Equity Other liabilities 2,604 (388) 2,216 3,575 (1,358) 2,217 4,549 (1,566) 2,983 Total Liabilities 465,492 (388) 465,104 574,299 (1,358) 572,941 726,681 (1,566) 725,115 Total Shareholders’ Equity 76,772 388 77,160 81,391 1,358 82,749 94,591 1,566 96,157 Total Liabilities and Shareholders’ Equity $ 542,264 — $ 542,264 $ 655,690 — $ 655,690 $ 821,272 — $ 821,272 For Year Ended September 30, 2014 2015 2016 As Filed Amount of Misstatement Restated Amount As Filed Amount of Misstatement Restated Amount As Filed Amount of Misstatement Restated Amount Income (Loss) before income tax expense $ 334 — $ 344 $ 3,698 — $ 3,698 $ 5,976 — $ 5,976 Income tax benefit (expense) (21) 388 367 — 970 $970 5,966 208 $ 6,174 Net Income (Loss) $ 323 388 711 $ 3,698 970 $ 4,668 $ 11,942 208 $ 12,150 Basic Earnings Per Share $ 0.05 0.06 $ 0.11 $ 0.58 0.15 $ 0.73 $ 1.86 0.04 $ 1.90 Diluted Earnings Per Share n/a n/a n/a n/a n/a n/a $ 1.86 0.04 $ 1.90 These matters have no effect on the Company’s cash position, net interest margin, pre tax income or the Company’s operating expenses. We are filing this Amendment to the Original 10-K filing in order to: ● amend Item 1A, “Risk Factors”, to modify our risk related to internal controls to refer to the above-mentioned material weakness ● make revisions to other sections of the Original 10-K filing to account for corrections included in the Restated Annual Financials, in Item 1, “Business” , ● amend Item 8, “Financial Statements and Supplementary Data,” to (i) restate the consolidated financial statements previously issued in the Original 10-K filing to make corrections described above in this Explanatory Note (as so restated, the “Restated Annual Financials”) and (ii) provide a new Report of Independent Registered Public Accounting Firm, including in relation to BDO’s report on our internal control over financial reporting; and ● amend Item 9A, “Controls and Procedures” with respect to (i) our conclusions regarding the effectiveness of our disclosure controls and procedures and our internal control over financial reporting and (ii) BDO’s related attestation report due to the material weakness described above identified subsequent to the issuance of the Original 10-K Filing. As required by Rule 12b-15 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), new certifications of the Company’s principal executive officer and principal financial officer are also being filed as exhibits to this Amendment. Similarly, revised XBRL exhibits are being filed as exhibits to this Amendment. As a result, Item 15, “Exhibits and Financial Statement Schedules”, has also been modified. This Amendment should be read in conjunction with the Original 10-K Filing, which continues to speak as of the date of the Original 10-K Filing. Except as specifically noted above, this Amendment does not modify or update disclosures in the Original 10-K Filing. Accordingly, this Amendment does not reflect events occurring after the filing of the Original 10-K Filing or modify or update any related or other disclosures. All numbers in this Amendment reflect the restatements described above.
Current Fiscal Year End Date	--09-30
Entity a Well-known Seasoned Issuer	No
Entity a Voluntary Filer	No
Entity's Reporting Status Current	Yes
Entity Filer Category	Accelerated Filer
Entity Public Float	$ 92,700
Entity Common Stock, Shares Outstanding		6,560,403
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,016

Consolidated Statements of Fina

Consolidated Statements of Financial Condition - USD ($) $ in Thousands		Sep. 30, 2016	Sep. 30, 2015
Assets
Cash and due from depository institutions	[1]	$ 1,297	$ 16,026
Interest bearing deposits in depository institutions	[1]	95,465	24,237
Cash and Cash Equivalents	[1]	96,762	40,263
Investment securities available for sale, at fair value	[1]	66,387	128,354
Investment securities held to maturity, at cost (fair value of $40,817 and $56,825, respectively)	[1]	40,551	57,221
Restricted stock, at cost	[1]	5,424	4,765
Loans receivable, net of allowance for loan losses of $5,434 and $4,667, respectively	[1]	574,160	391,307
Other real estate owned	[1]		1,168
Accrued interest receivable	[1]	2,558	2,484
Property and equipment, net	[1]	6,637	6,535
Deferred income taxes, net	[1]	8,827	2,874
Bank-owned life insurance	[1]	18,418	17,905
Other assets	[1]	1,548	2,814
Total Assets	[1]	821,272	655,690
Deposits:
Deposits-noninterest-bearing	[1]	34,547	27,010
Deposits-interest-bearing	[1]	567,499	438,512
Total Deposits	[1]	602,046	465,522
FHLB advances	[1]	118,000	103,000
Advances from borrowers for taxes and insurance	[1]	1,659	1,806
Accrued interest payable	[1]	427	396
Other liabilities	[1]	2,983	2,217
Total Liabilities	[1]	725,115	572,941
Shareholders' Equity
Common stock, $0.01 par value, 40,000,000 shares authorized, issued and outstanding: 6,560,403 shares at September 30, 2016 and 6,558,473 shares at September 30, 2015	[1]	66	66
Additional paid-in-capital	[1]	60,461	60,365
Retained earnings	[1]	37,322	25,172
Unearned Employee Stock Ownership Plan (ESOP) shares	[1]	(1,629)	(1,775)
Accumulated other comprehensive loss	[1]	(63)	(1,079)
Total Shareholders' Equity	[1]	96,157	82,749
Total Liabilities and Shareholders' Equity	[1]	$ 821,272	$ 655,690
[1]	As Restated - Note 3

Consolidated Statements of Fin3

Consolidated Statements of Financial Condition (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2016	Sep. 30, 2015
Statement of Financial Position [Abstract]
Investment securities held-to-maturity, fair value	$ 40,817	$ 56,825
Allowance for loan losses	$ 5,434	$ 4,667
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, authorized	10,000,000	10,000,000
Preferred stock, issued	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized	40,000,000	40,000,000
Common stock, issued	6,560,403	6,558,473
Common stock, outstanding	6,560,403	6,558,473

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)		12 Months Ended
		Sep. 30, 2016		Sep. 30, 2015	Sep. 30, 2014
Interest and Dividend Income
Loans, including fees	[1]	$ 21,206,000		$ 16,484,000	$ 17,736,000
Investment securities, taxable	[1]	2,824,000		3,073,000	2,109,000
Investment securities, tax-exempt	[1]	751,000		522,000	145,000
Dividends, restricted stock	[1]	250,000		311,000	123,000
Interest-bearing cash accounts	[1]	213,000		72,000	54,000
Total Interest and Dividend Income	[1]	25,244,000		20,462,000	20,167,000
Interest Expense
Deposits	[1]	4,537,000		3,431,000	3,969,000
Long-term borrowings	[1]	2,195,000		1,817,000	1,102,000
Total Interest Expense	[1]	6,732,000		5,248,000	5,071,000
Net Interest Income	[1]	18,512,000		15,214,000	15,096,000
Provision for Loan Losses	[1]	947,000		90,000	263,000
Net Interest Income after Provision for Loan Losses	[1]	17,565,000		15,124,000	14,833,000
Other Income
Service charges and other fees	[1]	923,000		989,000	947,000
Rental income-other	[1]	211,000		249,000	255,000
Gain on sale of investments, net	[1]	565,000		515,000	83,000
Loss on disposal of fixed assets	[1]	1,000			(41,000)
Gain on sale of loans, net	[1]	116,000		102,000	352,000
Earnings on bank-owned life insurance	[1]	517,000		680,000	559,000
Total Other Income	[1]	2,333,000		2,535,000	2,155,000
Other Expense
Salaries and employee benefits	[1]	6,290,000		5,998,000	7,770,000
Occupancy expense	[1]	1,820,000		1,715,000	2,091,000
Federal deposit insurance premium	[1]	579,000		784,000	735,000
Advertising	[1]	131,000		239,000	561,000
Data processing	[1]	1,128,000		1,236,000	1,245,000
Professional fees	[1]	1,683,000		1,571,000	2,205,000
Other real estate owned expense (income), net	[1]	27,000		(46,000)	(299,000)
Other operating expenses	[1]	2,264,000		2,464,000	2,336,000
Total Other Expenses	[1]	13,922,000		13,961,000	16,644,000
Income before income tax benefit	[1]	5,976,000		3,698,000	344,000
Income tax benefit	[1]	(6,174,000)		(970,000)	(367,000)
Net Income	[1]	$ 12,150,000		$ 4,668,000	$ 711,000
Earnings Per Common Share:
Basic (in dollars per share)	[1]	$ 1.90		$ 0.73	$ 0.11
Diluted (in dollars per share)	[1]	$ 1.90
Weighted Average Common Shares Outstanding
Basic (in shares)	[1]	6,409,265		6,393,330	6,378,930
Diluted (in shares)		6,409,325	[1]	6,393,330	6,378,930
Dividends Declared Per Share (in dollars per share)	[1]	$ 0		$ 0	$ 0
[1]	As Restated - Note 3

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands		12 Months Ended
		Sep. 30, 2016		Sep. 30, 2015		Sep. 30, 2014
Income Statement [Abstract]
Net Income	[1]	$ 12,150		$ 4,668		$ 711
Other Comprehensive income, Net of Tax:
Unrealized holding gains (losses) on available-for-sale securities	[1]	2,128		2,120		1,419
Tax effect	[1]	(723)		(721)		(482)
Net of tax amount	[1]	1,405		1,399		937
Reclassification adjustment for net gains arising during the period	[1],[2]	(565)		(515)		(83)
Tax effect	[1]	192		175		29
Net of tax amount	[1]	(373)		(340)		(54)
Accretion of unrealized holding losses on securities transferred from available-for-sale to held-to-maturity	[1],[3]	9		5
Tax effect	[1]	(3)		(2)
Net of tax amount	[1]	6		3
Fair value adjustment on derivatives		(194)	[1]	(348)	[1]
Tax effect	[1]	172		12
Net of tax amount	[1]	(22)		(336)
Total other comprehensive income	[1]	1,016		726		883
Total comprehensive income	[1]	$ 13,166		$ 5,394		$ 1,594
[1]	As Restated - Note 3
[2]	Amounts are included in net gain on sales of securities on the Consolidated Statements of Operations in total other income.
[3]	Amounts are included in interest and dividends on investment securities on the Consolidated Statements of Operations.

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity - USD ($) $ in Thousands		Common Stock [Member]	Additional Paid-In Capital [Member]	Retained Earnings [Member]	Unearned ESOP Shares [Member]	Accumulated Other Comprehensive Income (Loss) [ Member]	Total
Balance, at Beginning at Sep. 30, 2013	[1]	$ 66	$ 60,302	$ 19,793	$ (2,067)	$ (2,688)	$ 75,406
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income	[1]			711			711
Other comprehensive income	[1]					883	883
Committed to be released ESOP shares (14,400 shares)	[1]		15		145		160
Balance, at End at Sep. 30, 2014	[1]	66	60,317	20,504	(1,922)	(1,805)	77,160
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income	[1]			4,668			4,668
Other comprehensive income	[1]					726	726
Committed to be released ESOP shares (14,400 shares)	[1]		48		147		195
Balance, at End at Sep. 30, 2015	[1]	66	60,365	25,172	(1,775)	(1,079)	82,749
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income	[1]			12,150			12,150
Other comprehensive income	[1]					1,016	1,016
Committed to be released ESOP shares (14,400 shares)	[1]		96		146		242
Balance, at End at Sep. 30, 2016	[1]	$ 66	$ 60,461	$ 37,322	$ (1,629)	$ (63)	$ 96,157
[1]	As Restated - Note 3

Consolidated Statements of Cha7

Consolidated Statements of Changes in Shareholders' Equity (Parenthetical) - shares	12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Statement of Stockholders' Equity [Abstract]
Committed to be released ESOP shares	14,400	14,400	14,400

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands		12 Months Ended
		Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Cash Flows from Operating Activities
Net income	[1]	$ 12,150	$ 4,668	$ 711
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation expense	[1]	650	646	638
Provision for loan losses	[1]	947	90	263
Deferred income taxes (benefit) expense	[1]	(6,316)	(1,035)	(367)
ESOP expense	[1]	242	195	160
Amortization (accretion) of premiums and discounts on investment securities, net	[1]	1,243	849	(488)
Amortization (accretion) of loan origination fees and costs	[1]	748	296	(193)
Amortization (accretion) of mortgage service rights	[1]	73	82	(22)
Net gain on sale of investment securities available for sale	[1]	(565)	(515)	(83)
Net (gain) loss on disposal of fixed assets	[1]	(1)		41
Net (gain) loss on sale of loans	[1]			(281)
Net gain on sale of secondary market loans	[1]	(116)	(102)	(71)
Proceeds on sale of secondary market loans	[1]	6,390	4,090	7,738
Originations of secondary market loans	[1]	(6,274)	(3,988)	(7,667)
Gain on sale of other real estate owned	[1]	(19)	(124)	(93)
Write down of other real estate owned	[1]	20	54	341
Earnings on bank-owned life insurance	[1]	(517)	(680)	(559)
(Increase) decrease in accrued interest receivable	[1]	(74)	(1,162)	82
Increase (decrease) in accrued interest payable	[1]	31	247	10
Increase (decrease) in other liabilities	[1]	766	349	(79)
Increase in other assets	[1]	(44)	(714)	(114)
Net Cash Provided by (Used in) by Operating Activities	[1]	9,334	3,246	(33)
Investment securities available-for-sale:
Purchases	[1]	(2,116)	(160,103)	(5,258)
Sales	[1]	62,818	70,413	16,751
Maturities, calls and principal repayments	[1]	2,437	6,032	14,138
Investment securities held-to-maturity:
Purchases	[1]		(4,152)
Maturities, calls and principal repayments	[1]	16,391	4,454
Proceeds from sale of loans	[1]			25,836
Loan buyback for sale of loans	[1]			(1,117)
Loan purchases	[1]			(18,952)
(Loan originations) and principal collections, net	[1]	(184,548)	(5,927)	19,649
Proceeds from sale of other real estate owned	[1]	1,167	1,174	2,694
Additions to mortgage servicing rights	[1]		(30)	(160)
Proceeds from cash surrender on bank-owned life insurance	[1]			3,636
Proceeds from death benefit of bank-owned life insurance	[1]	1,049
Net (increase) decrease in restricted stock	[1]	(659)	(1,262)	(465)
Proceeds from sale of property and equipment	[1]	1
Purchases of property and equipment	[1]	(752)	(358)	(244)
Net Cash (Used in) Provided by Investing Activities	[1]	(104,212)	(89,759)	56,508
Cash Flows from Financing Activities
Net increase (decrease) in deposits	[1]	136,524	52,569	(71,643)
Proceeds for long-term borrowings	[1]	121,000	93,000	14,500
Repayment of long-term borrowings	[1]	(106,000)	(38,000)	(4,500)
Increase in advances from borrowers for taxes and insurance	[1]	(147)	20	668
Net Cash Provided by (Used in) Financing Activities	[1]	151,377	107,589	(60,975)
Net Increase (Decrease) in Cash and Cash Equivalents	[1]	56,499	21,076	(4,500)
Cash and Cash Equivalent - Beginning	[1]	40,263	19,187	23,687
Cash and Cash Equivalent - Ending	[1]	96,762	40,263	19,187
Supplementary Cash Flows Information
Interest paid	[1]	$ 6,701	5,001	5,061
Income taxes paid	[1]			17
Non-cash transfer of loans to other real estate owned	[1]		308	$ 944
Transfer from investment securities available-for-sale to investment securities held-to-maturity	[1]		57,523
Non-cash proceeds from death benefit on BOLI	[1]		$ 1,039
[1]	As Restated - Note 3

Organizational Structure and Na

Organizational Structure and Nature of Operations	12 Months Ended
	Sep. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organizational Structure and Nature of Operations	Note 1 – Organizational Structure and Nature of Operations On May 19, 2008, Malvern Federal Savings Bank (“Malvern Federal Savings” or the “Bank”) completed its reorganization to the mutual holding company form of organization and formed Malvern Federal Bancorp, Inc. (the “Mid-Tier Holding Company”) to serve as the “mid-tier” stock holding company for the Bank. An Employee Stock Ownership Plan (“ESOP”) was established which borrowed approximately $2.6 million from Malvern Federal Bancorp, Inc. to purchase 241,178 shares of common stock. Principal and interest payments of the loan are being made quarterly over a term of 18 years at a fixed interest rate of 5.0%. On October 11, 2012, Malvern Bancorp, Inc. (the “Company” or “Malvern Bancorp”) completed the “second-step” conversion from the mutual holding company structure to the stock holding company structure pursuant to a Plan of Conversion and Reorganization. Upon completion of the conversion and reorganization, Malvern Federal Mutual Holding Company (the “Mutual Holding Company”) and the Mid-Tier Holding Company ceased to exist. Malvern Bancorp, Inc., a Pennsylvania company, became the holding company for the Bank and owns all of the issued and outstanding shares of the common stock of Malvern Federal Savings Bank. In connection with the conversion and reorganization, 3,636,875 shares of common stock, par value $0.01 per share, of Malvern Bancorp, Inc., were sold in a subscription offering to certain depositors of the Bank and other investors for $10 per share, or $36.4 million in the aggregate, and 2,921,598 shares of common stock were issued in exchange for the outstanding shares of common stock of the former federally chartered Mid-Tier Holding Company held by the “public” shareholders of the Mid-Tier Holding Company (all shareholders except Malvern Federal Mutual Holding Company). Each share of common stock of the Mid-Tier Holding Company was converted into the right to receive 1.0748 shares of common stock of the new Malvern Bancorp, Inc. in the conversion and reorganization. The total shares outstanding upon completion of the stock offering and the exchange were approximately 6,558,473. The Company is a Pennsylvania chartered corporation which, since October 11, 2012, has owned all of the issued and outstanding shares of the Bank’s common stock, the only shares of equity securities which the Bank has issued. The Company does not own or lease any property, but instead uses the premises, equipment and furniture of the Bank. At the present time, the Company employs only persons who are officers of Malvern Federal Savings to serve as officers of the Company. The Company also uses the Bank’s support staff from time to time. These persons are not separately compensated by Company. Malvern Federal Savings Bank is a federally chartered, FDIC-insured savings bank that was originally organized in 1887. The Bank conducts business from its headquarters in Paoli, Pennsylvania, a suburb of Philadelphia, as well as 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 is primarily engaged in attracting deposits from the general public and using those funds to invest in loans and investment securities. The Bank’s principal sources of funds are deposits, repayments of loans and investment securities, maturities of investments and interest-bearing deposits, other funds provided from operations and wholesale funds borrowed from outside sources such as the Federal Home Loan Bank of Pittsburgh (the “FHLB”). These funds are primarily used for the origination of various loan types including single-family residential mortgage loans, commercial real estate mortgage loans, construction and development loans, home equity loans and lines of credit and other consumer loans. The Bank derives its income principally from interest earned on loans, investment securities and, to a lesser extent, from fees received in connection with the origination of loans and for other services. Malvern Federal Savings’ primary expenses are interest expense on deposits and borrowings and general operating expenses. Funds for activities are provided primarily by deposits, amortization of loans, loan prepayments and the maturity of loans, securities and other investments and other funds from operations. The banking industry is highly regulated. The Bank is supervised by the Office of the Comptroller of the Currency (the “OCC”) and the Company is supervised by the Board of Governors of the Federal Reserve System (the “Federal Reserve Board” or the “FRB”). The Company and the Bank and the Bank’s subsidiary, Strategic Asset Management Group, Inc. (“SAMG”), provide various banking services, primarily accepting deposits and originating residential and commercial mortgage loans, consumer loans and other loans through the Bank’s headquarters and eight full-service branches in Chester and Delaware Counties, Pennsylvania. SAMG owns 50% of Malvern Insurance Associates, LLC. Malvern Insurance Associates, LLC offers a full line of business and personal lines of insurance products. As of September 30, 2016 and 2015, SAMG’s total assets were approximately $62,000 and $68,000, respectively. The net loss of SAMG for the year ended September 30, 2016, was approximately $6,000 and for the years ended September 30, 2015 and 2014, the net income was approximately $2,000 and $5,000, respectively. The Company is subject to competition from various other financial institutions and financial services companies. The Company is also subject to the regulations of certain federal agencies and, therefore, undergoes periodic examinations by those regulatory agencies. In accordance with the subsequent events topic of the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (the “Codification” or the “ASC”), the Company evaluates events and transactions that occur after the statement of financial condition date for potential recognition and disclosure in the consolidated financial statements. The effect of all subsequent events that provide additional evidence of conditions that existed at the statement of financial condition date are recognized in the audited consolidated financial statements as of September 30, 2016.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Sep. 30, 2016
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2 – Summary of Significant Accounting Policies Basis of Presentation and Consolidation The consolidated financial statements at and for the years ended September 30, 2016, 2015 and 2014 include the accounts of Malvern Bancorp, Inc. and its subsidiaries. All significant intercompany transactions and balances have been eliminated. Use of Estimates The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of income and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses and the valuation of deferred tax assets. Significant Group Concentrations of Credit Risk Most of the Company’s activities are with customers located within Chester County, Pennsylvania. In addition to Chester County, our lending efforts are focused in neighboring Bucks County, Montgomery County and Delaware County, which are also in southeastern Pennsylvania, New Jersey and the New York metropolitan marketplace. Note 5 discusses the types of investment securities that the Company invests in. Note 6 discusses the types of lending that the Company engages in. The Company does not have any significant concentrations to any one industry or customer. Although the Company has a diversified portfolio, its debtors ability to honor their contracts is influenced by, among other factors, the region’s economy. Cash and Cash Equivalents For purposes of reporting cash flows, cash and cash equivalents include cash on hand, amounts due from depository institutions and interest bearing deposits. The Company maintains cash deposits in other depository institutions that occasionally exceed the amount of deposit insurance available. Management periodically assesses the financial condition of these institutions and believes that the risk of any possible credit loss is minimal. The Company is required to maintain average reserve balances in vault cash with the Federal Reserve Bank based upon outstanding balances of deposit transaction accounts. Based upon the Company’s outstanding transaction deposit balances, the Bank maintained a deposit account with the Federal Reserve Bank of Philadelphia in the amount of $4.8 million and $3.7 million at September 30, 2016 and 2015, respectively. Investment Securities Held-to-maturity (“HTM”) are securities that includes debt securities that the Company has the positive intent and the ability to hold to maturity. These securities are reported at amortized cost and adjusted for unamortized premiums and discounts. Securities held for trading are securities that are bought and held principally for the purpose of selling in the near term; these securities are reported at fair value, with unrealized gains and losses reported in current earnings. At September 30, 2016 and 2015, the Company had no investment securities classified as trading. Debt securities that will be held for indefinite periods of time and equity securities, including securities that may be sold in response to changes in market interest or prepayment rates, needs for liquidity and changes in the availability of and the yield of alternative investments, are classified as available for sale. Realized gains and losses are recorded on the trade date and are determined using the specific identification method. Securities held as available for sale are reported at fair value, with unrealized gains and losses, net of tax, reported as a component of accumulated other comprehensive income (“AOCI”). Management determines the appropriate classification of investment securities at the time of purchase. Securities are evaluated on a quarterly basis, and more frequently when market conditions warrant such an evaluation, to determine whether declines in their value are other-than-temporary. To determine whether a loss in value is other-than-temporary, management utilizes criteria such as the reasons underlying the decline, the magnitude and duration of the decline and whether or not management intends to sell or expects that it is more likely than not that it will be required to sell the security prior to an anticipated recovery of the fair value. The term “other-than-temporary” is not intended to indicate that the decline is permanent, but indicates that the prospects for a near-term recovery of value is not necessarily favorable, or that there is a lack of evidence to support a realizable value equal to or greater than the carrying value of the investment. Once a decline in value for a debt security is determined to be other-than-temporary, the other-than-temporary impairment is separated into (a) the amount of the total other-than-temporary impairment related to a decrease in cash flows expected to be collected from the debt security (the credit loss) and (b) the amount of the total other-than-temporary impairment related to all other factors. The amount of the total other-than-temporary impairment related to the credit loss is recognized in earnings. The amount of the total other-than-temporary impairment related to all other factors is recognized in other comprehensive income. Loans Receivable The Company, through the Bank, grants mortgage, construction, commercial and consumer loans to customers. Substantially all of our loans are to individuals, businesses and real estate developers in Chester County, Pennsylvania and neighboring areas in southern Pennsylvania, New Jersey and the New York metropolitan marketplace. The ability of the Company’s debtors to honor their contracts is dependent upon, among other factors, the real estate and general economic conditions in this area. Loans receivable that management has the intent and ability to hold until maturity or payoff are stated at their outstanding unpaid principal balances, net of an allowance for loan losses and any deferred fees and costs. Interest income is accrued on the unpaid principal balance. Loan origination fees and costs are deferred and recognized as an adjustment of the yield (interest income) of the related loans using the interest method. The Company is amortizing these amounts over the contractual lives of the loans. The loans receivable portfolio is segmented into residential loans, construction and development loans, commercial loans and consumer loans. The residential loan segment has one class, one- to four-family first lien residential mortgage loans. The construction and development loan segment consists of the following classes: residential and commercial and land loans. Residential construction loans are made for the acquisition of and/or construction on a lot or lots on which a residential dwelling is to be built. Commercial construction loans are made for the purpose of acquiring, developing and constructing a commercial structure. The commercial loan segment consists of the following classes: commercial real estate loans, multi-family real estate loans, and other commercial loans, which are also generally known as commercial and industrial loans or commercial business loans. The consumer loan segment consists of the following classes: home equity lines of credit, second mortgage loans and other consumer loans, primarily unsecured consumer lines of credit. For all classes of loans receivable, the accrual of interest is discontinued when the contractual payment of principal or interest has become 90 days past due or management has serious doubts about further collection of principal or interest, even though the loan is currently performing. A loan may remain on accrual status if it is in the process of collection and is either guaranteed or well secured. When a loan is placed on nonaccrual status, unpaid interest credited to income in the current year is reversed and unpaid interest accrued in prior years is charged against the allowance for loan losses. Interest received on nonaccrual loans, including impaired loans, generally is either applied against principal or reported as interest income, according to management’s judgment as to the collectability of principal. Generally, loans are restored to accrual status when the obligation is brought current, has performed in accordance with the contractual terms for a reasonable period of time (generally six months) and the ultimate collectability of the total contractual principal and interest is no longer in doubt. The past due status of all classes of loans receivable is determined based on contractual due dates for loan payments. In addition to originating loans, the Company purchases consumer and mortgage loans from brokers in our market area. Such purchases are reviewed for compliance with our underwriting criteria before they are purchased, and are generally purchased without recourse to the seller. Premiums and discounts on purchased loans are amortized as adjustments to interest income using the effective yield method. Allowance for Loan Losses The allowance for credit losses consists of the allowance for loan losses and the reserve for unfunded lending commitments. The allowance for loan losses represents management’s estimate of losses inherent in the loan portfolio as of the consolidated statement of financial condition date and is recorded as a reduction to loans. Reserves for unfunded lending commitments represent management’s estimate of losses inherent in its unfunded loan commitments and is recorded in other liabilities on the consolidated statement of financial condition. The allowance for loan losses (“ALLL”) is increased by the provision for loan losses and decreased by charge-offs, net of recoveries. Loans deemed to be uncollectible are charged against the allowance for loan losses, and subsequent recoveries, if any, are credited to the allowance. All, or part, of the principal balance of loans receivable are charged off to the allowance as soon as it is determined that the repayment or collateral recovery of all, or part, of the principal balance is highly unlikely. Non-residential consumer loans are generally charged off no later than when they become 120 days past due on a contractual basis or earlier in the event of the borrower’s bankruptcy or if there is an amount deemed uncollectible. Because all identified losses are immediately charged off, no portion of the allowance for loan losses is restricted to any individual loan or groups of loans, and the entire allowance is available to absorb any and all loan losses. The allowance for credit losses is maintained at a level considered adequate to provide for losses that can be reasonably estimated. Management performs a quarterly evaluation of the adequacy of the allowance. The allowance is based on the Company’s past loan loss experience, known and inherent risks in the portfolio, adverse situations that may affect the borrower’s ability to repay, the estimated value of any underlying collateral, the composition of the loan portfolio, current economic conditions and other relevant factors. This evaluation is inherently subjective as it requires material estimates that may be susceptible to significant revision as more information becomes available. The allowance consists of specific, general and unallocated components. The specific component relates to loans that are classified as impaired. For loans that are classified as impaired, a charge-off is recognized when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan. The general component covers pools of loans by loan class that are not considered impaired. These pools of loans are evaluated for loss exposure based upon historical loss rates for each of these classes of loans, as adjusted for qualitative factors. These qualitative risk factors include: 1. Lending policies and procedures, including underwriting standards and collection, charge-off, and recovery practices. 2. National, regional, and local economic and business conditions as well as the condition of various market segments, including the value of underlying collateral for collateral dependent loans. 3. The nature and volume of the loan portfolio and terms of loans. 4. The experience, ability, and depth of lending management and staff. 5. The volume and severity of past due, classified and nonaccrual loans as well as any other loan modifications. 6. The quality of the Company’s loan review system, and the degree of oversight by the Company’s Board of Directors. 7. The existence and effect of any concentrations of credit and changes in the level of such concentrations. 8. Value of underlying collateral. The qualitative factors are applied to the historical loss rates for each class of loan. In addition, while not reported as a separate factor, changes in the value of underlying collateral (for regional property values) for collateral dependent loans is considered and addressed within the economic trends factor. A quarterly calculation is made adjusting the reserve allocation for each factor within a risk weighted range as it relates to each particular loan type, collateral type and risk rating within each segment. Data is gathered and evaluated through internal, regulatory, and government sources quarterly for each factor. An unallocated component is maintained to cover uncertainties that could affect management’s estimate of probable losses. The unallocated component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating specific and general losses in the portfolio. In addition, the allowance calculation methodology includes further segregation of loan classes into risk rating categories. The borrower’s overall financial condition, repayment sources, guarantors and value of collateral, if appropriate, are evaluated annually for commercial loans or when credit deficiencies arise, such as delinquent loan payments, for commercial and consumer loans. Credit quality risk ratings include categories of “pass,” “special mention,” “substandard” and “doubtful.” Assets classified as “Pass” are those protected by the current net worth and paying capacity of the obligor or by the value of the underlying collateral. Assets which do not currently expose the insured institution to sufficient risk to warrant classification as substandard or doubtful but possess certain identified weaknesses are required to be designated “special mention.” If uncorrected, the potential weaknesses may result in deterioration of the repayment prospects. An asset is considered “substandard” if it is inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. “Substandard” assets include those characterized by the “distinct possibility” that the insured institution will sustain “some loss” if the deficiencies are not corrected. Assets classified as “doubtful” have all of the weaknesses inherent in those classified “substandard” with the added characteristic that the weaknesses present make “collection or liquidation in full,” on the basis of currently existing facts, conditions, and values, “highly questionable and improbable.” Residential Lending. We underwrite one- to four-family residential mortgage loans with loan-to-value ratios of up to 95%, provided that the borrower obtains private mortgage insurance on loans that exceed 80% of the appraised value or sales price, whichever is less, of the secured property. We also require that title insurance, hazard insurance and, if appropriate, flood insurance be maintained on all properties securing real estate loans. We require that a licensed appraiser from our list of approved appraisers perform and submit to us an appraisal on all properties secured by a first mortgage on one- to four-family first mortgage loans. In underwriting one- to four-family residential mortgage loans, the Company evaluates both the borrower’s ability to make monthly payments and the value of the property securing the loan. Most properties securing real estate loans made by the Company are appraised by independent fee appraisers approved by the Board of Directors. The Company generally requires borrowers to obtain an attorney’s title opinion or title insurance, and fire and property insurance (including flood insurance, if necessary) in an amount not less than the amount of the loan. Real estate loans originated by the Company generally contain a “due on sale” clause allowing the Company to declare the unpaid principal balance due and payable upon the sale of the security property. The Company has not engaged in sub-prime residential mortgage loan originations. Our single-family residential mortgage loans generally are underwritten on terms and documentation conforming to guidelines issued by Freddie Mac and Fannie Mae. Construction and Development Lending. Construction and development loans generally are considered to involve a higher level of risk than one-to four-family residential lending, due to the concentration of principal in a limited number of loans and borrowers and the effect of economic conditions on developers, builders and projects. Additional risk is also associated with construction lending because of the inherent difficulty in estimating both a property’s value at completion and the estimated cost (including interest) to complete a project. The nature of these loans is such that they are more difficult to evaluate and monitor. In addition, speculative construction loans to a builder are not pre-sold and thus pose a greater potential risk than construction loans to individuals on their personal residences. In order to mitigate some of the risks inherent in construction lending, we inspect properties under construction, review construction progress prior to advancing funds, work with builders with whom we have established relationships, require annual updating of tax returns and other financial data of developers and obtain personal guarantees from the principals. Commercial Lending. Most of the Company’s commercial business loans have been extended to finance local and regional businesses and include short-term loans to finance machinery and equipment purchases, inventory and accounts receivable. The commercial business loans which we originate may be either a revolving line of credit or for a fixed term of generally 10 years or less. Interest rates are adjustable, indexed to a published prime rate of interest, or fixed. Generally, equipment, machinery, real property or other corporate assets secure such loans. Personal guarantees from the business principals are generally obtained as additional collateral. Consumer Lending. Consumer loans may entail greater credit risk than do residential mortgage loans, particularly in the case of consumer loans which are unsecured or are secured by rapidly depreciable assets, such as automobiles or recreational equipment. In such cases, any repossessed collateral for a defaulted consumer loan may not provide an adequate source of repayment of the outstanding loan balance as a result of the greater likelihood of damage, loss or depreciation. In addition, consumer loan collections are dependent on the borrower’s continuing financial stability, and thus are more likely to be affected by adverse personal circumstances. Furthermore, the application of various federal and state laws, including bankruptcy and insolvency laws, may limit the amount which can be recovered on such loans. Once all factor adjustments are applied, general reserve allocations for each segment are calculated, summarized and reported on the ALLL summary. ALLL final schedules, calculations and the resulting evaluation process are reviewed quarterly. In addition, Federal bank regulatory agencies, as an integral part of their examination process, periodically review the Company’s allowance for loan losses and may require the Company to recognize additions to the allowance based on their judgments about information available to them at the time of their examination. Based on management’s comprehensive analysis of the loan portfolio, management believes the current level of the allowance for loan losses is adequate. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record and the amount of the shortfall in relation to the principal and interest owed. An allowance for loan losses is established for an impaired loan if its carrying value exceeds its estimated fair value. The estimated fair values of substantially all of the Company’s impaired loans are measured based on the estimated fair value of the loan’s collateral. For commercial loans secured by real estate, estimated fair values are determined primarily through third-party appraisals. When a real estate secured loan becomes impaired, a decision is made regarding whether an updated appraisal of the real estate is necessary. This decision is based on various considerations, including the age of the most recent appraisal, the loan-to-value ratio based on the original appraisal and the condition of the property. Appraised values are discounted to arrive at the estimated selling price of the collateral, which is considered to be the estimated fair value. The discounts also include estimated costs to sell the property. For commercial and industrial loans secured by non-real estate collateral, such as accounts receivable, inventory and equipment, estimated fair values are determined based on the borrower’s financial statements, inventory reports, accounts receivable aging or equipment appraisals or invoices. Indications of value from these sources are generally discounted based on the age of the financial information or the quality of the assets. Troubled Debt Restructurings Loans whose terms are modified are classified as troubled debt restructurings if the Company grants such borrowers concessions and it is deemed that those borrowers are experiencing financial difficulty. Concessions granted under a troubled debt restructuring may be modified by means of extending the maturity date of the loan, reducing the interest rate on the loan to a rate which is below market, a combination of rate adjustments and maturity extensions, or by other means including covenant modifications, forbearances or other concessions. However, the Company generally only restructures loans by modifying the payment structure to interest only or by reducing the actual interest rate. We do not accrue interest on loans that were non-accrual prior to the troubled debt restructuring until they have performed in accordance with their restructured terms for a period of at least six months. We continue to accrue interest on troubled debt restructurings which were performing in accordance with their terms prior to the restructure and continue to perform in accordance with their restructured terms. Management evaluates the ALLL with respect to TDRs under the same policy and guidelines as all other performing loans are evaluated with respect to the ALLL. Loan Servicing Servicing assets are recognized as separate assets when rights are acquired through purchase or through sale of financial assets. For sales of mortgage loans, a portion of the cost of originating the loan is allocated to the servicing right based on relative fair value. Fair value is based on market prices for comparable mortgage servicing contracts, when available, or alternatively is based on a valuation model that calculates the present value of estimated future net servicing income. The valuation model incorporates assumptions that market participants would use in estimating future net servicing income, such as the cost to service, the discount rate, the custodial earnings rate, an inflation rate, ancillary income, prepayment speeds and default rates and losses. Capitalized servicing rights are reported in other assets and are amortized into other expense in proportion to, and over the period of, the estimated future net servicing income of the underlying financial assets. Servicing assets are evaluated for impairment based upon the fair value of the rights as compared to amortized cost. Impairment is determined by stratifying rights into tranches based on predominant risk characteristics, such as interest rate, loan type and investor type. Impairment is recognized through a valuation allowance for an individual tranche, to the extent that fair value is less than the capitalized amount for the tranche. If the Company later determines that all or a portion of the impairment no longer exists for a particular tranche, a reduction of the allowance may be recorded as an increase to income. The Company also sells loans in the secondary market with serving released. Other Real Estate Owned Assets acquired through, or in lieu of, loan foreclosure are held for sale and are initially recorded at fair value at the date of foreclosure, establishing a new cost basis. Subsequent to foreclosure, valuations are periodically performed by management and the assets are carried at the lower of the previously established carrying amount or fair value less cost to sell. Revenue and expenses from operations and changes in the valuation allowance are included in other expenses from other real estate owned. Restricted Stock Restricted stock represents required investments in the common stock of a correspondent bank and is carried at cost. As of September 30, 2016, restricted stock consists of the common stock of the Federal Home Loan Bank of Pittsburgh (“FHLB”) and Atlantic Community Bankers Bank (“ACBB”). As of September 30, 2015, restricted stock consists solely of the common stock of the Federal Home Loan Bank of Pittsburgh (“FHLB”). Management’s evaluation and determination of whether these investments are impaired is based on their assessment of the ultimate recoverability of their cost rather than by recognizing temporary declines in value. The determination of whether a decline affects the ultimate recoverability of an investment’s cost is influenced by criteria such as (1) the significance of the decline in net assets of the FHLB as compared to the capital stock amount for the FHLB and the length of time this situation has persisted, (2) commitments by the FHLB to make payments required by law or regulation and the level of such payments in relation to the operating performance of the FHLB, and (3) the impact of legislative and regulatory changes on institutions and, accordingly, on the customer base of the FHLB. During the years ended September 30, 2016 and 2015, there were net repurchases of restricted stock of $659,000 and $1.3 million, respectively. Also as of September 30, 2016 and 2015 the number of FHLB shares was 53,441 and 47,651, respectively. There were approximately $250,000, $311,000 and $123,000 of dividends on FHLB stock received or recognized in income for fiscal years 2016, 2015 and 2014, respectively. Property and Equipment Property and equipment is carried at cost. Depreciation is computed using the straight-line and accelerated methods over estimated useful lives ranging from 3 to 39 years beginning when assets are placed in service. When assets are retired or otherwise disposed of, the cost and related accumulated depreciation are removed from the accounts and any gain or loss is reflected in income for the period. The cost of maintenance and repairs is charged to income as incurred. Transfers of Financial Assets Transfers of financial assets are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and (3) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity. Bank-Owned Life Insurance The Company invests in bank owned life insurance (“BOLI”) as a source of funding for employee benefit expenses. BOLI involves the purchasing of life insurance by the Bank on a chosen group of employees. The Bank is the owner and beneficiary of the policies. This life insurance investment is carried at the cash surrender value of the underlying policies. Earnings from the increase in cash surrender value of the policies are included in other income on the statement of operations. Employee Benefit Plans The Bank’s 401(k) plan allows eligible participants to set aside a certain percentage of their salaries before taxes. The Company may elect to match employee contributions up to a specified percentage of their respective salaries in an amount determined annually by the Board of Directors. The Company’s matching contribution related to the plan resulted in expenses of $90,000, $64,000, and $118,000, for fiscal 2016, 2015, and 2014, respectively. There were no bonus matching contributions for fiscal years 2016, 2015 or 2014. The Company also maintains an unfunded Supplemental Executive and a Director Retirement Plan (the “Plans”). The accrued amount for the Plans included in other liabilities was $1.1 million and $1.2 million at September 30, 2016 and 2015, respectively. Distributions made to directors for the fiscal year 2016 and 2015 were approximately $4,000 and $13,000, respectively. The (benefit)/expense associated with the Plans for the years ended September 30, 2016, 2015, and 2014 was $11,000, ($24,000), and $78,000, respectively. At fiscal 2015, the benefit associated with the Plans was due to the Plan being frozen at September 30, 2014 and the Company had to credit fiscal 2015 accruals for the first quarter of fiscal 2015. Derivatives and Hedging The Company records cash flow hedges at the inception of the derivative contract based on the Company’s intentions and belief as to likely effectiveness as a hedge. The Company documents the strategy for entering into the transactions and the method of assessing ongoing effectiveness. Cash flow hedges represent a hedge of a forecasted transaction or the variability of cash flows to be received or paid related to a recognized asset or liability. For a cash flow hedge, the gain or loss on the derivative is reported in other comprehensive income and is reclassified into earnings in the same periods during which the hedged transaction affects earnings. The changes in the fair value of derivatives that are not highly effective in hedging the changes in fair value or expected cash flows of the hedged item are recognized immediately in current earnings. Changes in the fair value of derivatives that do not qualify for hedge accounting are reported currently in earnings, as noninterest income. Net cash settlements on derivatives that qualify for hedge accounting are recorded in interest income or interest expense, based on the item being hedged. Net cash settlements on derivatives that do not qualify for hedge accounting are reported in noninterest income. Cash flows on hedges are classified in the cash flow statement the same as the cash flows of the items being hedged. To determine fair value, the Company uses third party pricing models that incorporate assumptions about market conditions and risks that are current at the reporting date. The Company does not use derivative instruments for speculative purposes. The Company also formally assesses, both at the hedge’s inception and on an ongoing basis, whether the derivative instruments that are used are highly effective in offsetting changes in fair value

Correction of Error in Financia

Correction of Error in Financial Statements	12 Months Ended
	Sep. 30, 2016
Accounting Changes and Error Corrections [Abstract]
Correction of Error in Financial Statements	Note 3 - Correction of Error in Financial Statements Subsequent to the issuance of the Company’s Annual Report on Form 10-K for the year ended September 30, 2016 and 2015, the Company determined to correct error in its historical financial statements, including for the years ended September 30, 2016 and 2015. Accordingly, the Company has restated the consolidated financial statements for the years ended September 30, 2016, 2015 and 2014 to reflect the error corrections, as mentioned below: Item 8 of Part II of this Amendment No. 1 on Form 10-K/A includes audited consolidated financial statements for the year ended September 30, 2016 and 2015 that have been restated to correct the manner in which the Company originally accounted for the Bank’s tax account balances. The audited annual financial statements as of September 30, 2016 and 2015, and for each of the years in the three year period ended September 30, 2016, as included in the Company’s Annual Report on Form 10-K for the fiscal year ended September 30, 2016 (the “original Financial Statements”), which was originally filed on December 14, 2016 (the “Original 10-K Filling”), have been restated as set forth in this Amendment No. 1 on Form 10-K/A (this “Amendment”). The effect of these matters is to increase net income for fiscal 2016 by approximately $208,000, fiscal 2015 by approximately $970,000 and fiscal 2014 by approximately $388,000. The correction for 2014 represents the correction of an immaterial error. See the table below for an analysis of the impact on the consolidated balance sheets and income statements for the periods affected. For the year ended September 30, 2016, the correction increased Net Income from $11.9 million as reported in the Consolidated Statement of Income that was included in the Original Financial Statements (the “Original Income Statements 2016”) to $12.2 million. The correction also changed the amount reported under “Income tax benefit” in the Original Income Statement 2016 from $6.0 million to $6.2 million. Total Liabilities at September 30, 2016, as reported in the Consolidated Statement of Financial Condition included in the Original Financial Statements, decreased from $726.7 million to $725.1 million, due to the decrease in Other liabilities from $4.5 million to $3.0 million. Total Shareholders’ Equity at September 30, 2016, as reported in the Consolidated Statement of Financial Condition included in the Original Financial Statements, increased from $94.6 million to $96.2 million due to the change in Retained Earnings from $35.7 million to $37.3 million. For the year ended September 30, 2015, the correction increased Net Income from $3.7 million as reported in the Consolidated Statement of Income that was included in the Original Financial Statements (the “Original Income Statement 2015”) to $4.7 million. The correction also changed the amount reported under “Income tax benefit” in the Original Income Statement 2015 from zero to $970,000. Total Liabilities at September 30, 2015, as reported in the Consolidated Statement of Financial Condition included in the Original Financial Statements, decreased from $574.3 million to $572.9 million, due to the decrease in Other liabilities from $3.6 million to $2.2 million. Total Shareholders’ Equity at September 30, 2015, as reported in the Consolidated Statement of Financial Condition included in the Original Financial Statements, increased from $81.4 million to $82.7 million due to the change in Retained Earnings from $23.8 million to $25.2 million. For the year ended September 30, 2014, the correction increased Net Income from $323,000 to $711,000 as reported in the Consolidated Statement of Income that was included in the Original Financial Statements 2014 (the “Original Income Statement 2014”). The correction also changed the amount reported under “Income tax expense (benefit)” in the Original Income Statement 2014 from an expense of 21,000 to an income tax benefit of $367,000. More detailed information regarding the correction is provided below. In addition to the restatement of the Company’s consolidated financial statements, certain information within the following notes to the consolidated financial statements has been restated to reflect the corrections of errors discussed above as well as other related changes and/or to add disclosure language as appropriate. Note 4. Earnings Per Common Share Note 13. Income Taxes Note 16. Regulatory Capital Requirements Note 19. Parent Company Only Financial Statements Note 20. Quarterly Financial Information Effects of the Restatement: The following tables summarize the effect of the restatement on certain key items of the Original Financial Statements: Item 8: Financial Statement- Balance Sheet For Year Ended September 30, 2014 2015 2016 Original Restated Change Original Restated Change Original Restated Change Other liabilities $ 2,604 $ 2,216 $ (388 ) $ 3,575 $ 2,217 $ (1,358 ) $ 4,549 $ 2,983 $ (1,566 ) Total Liabilities 465,492 465,104 (388 ) 574,299 572,941 (1,358 ) 726,681 725,115 (1,566 ) Total Shareholders’ Equity 76,772 77,160 388 81,391 82,749 1,358 94,591 96,157 1,566 Item 8: Financial Statement- Income Statement For Year Ended September 30, 2014 2015 2016 Original Restated Change Original Restated Change Original Restated Change Income tax (expense) benefit $ (21 ) $ 367 $ 388 $ — $ 970 $ 970 $ 5,966 $ 6,174 $ 208 Net Income (Loss) 323 711 388 3,698 4,668 970 11,942 12,150 208 Basic Earnings Per Share 0.05 0.11 0.06 0.58 0.73 0.15 1.86 1.90 0.04 Diluted Earnings Per Share n/a n/a n/a n/a n/a n/a 1.86 1.90 0.04 Item 8: Financial Statement - Comprehensive Income For Year Ended September 30, 2014 2015 2016 Original Restated Change Original Restated Change Original Restated Change Net Income (Loss) $ 323 $ 711 $ 388 $ 3,698 $ 4,668 $ 970 $ 11,942 $ 12,150 208 Total comprehensive Income 1,206 1,594 388 4,424 5,394 970 12,958 13,166 208 Item 8: Financial Statement - Changes in Shareholders Equity For Year Ended September 30, 2014 2015 2016 Original Restated Change Original Restated Change Original Restated Change Net Income – Retained Earnings $ 323 $ 711 $ 388 $ 3,698 $ 4,668 $ 970 $ 11,942 $ 12,150 $ 208 Net Income – Total Shareholders’ Equity 323 711 388 3,698 $ 4,668 970 $ 11,942 $ 12,150 208 Retained Earnings Balance at 20,116 20,504 (388 ) 23,814 25,172 (1,358 ) 35,756 37,322 (1,566 ) Total Shareholders’ Equity Balance at 76,772 77,160 (388 ) 81,391 82,749 (1,358 ) 94,591 96,157 (1,566 ) Item 8: Financial Statement - Cash Flows For Year Ended September 30, 2014 2015 2016 Original Restated Change Original Restated Change Original Restated Change Net Income (Loss) $ 323 $ 711 $ 388 $ 3,698 $ 4,668 $ 970 $ 11,942 $ 12,150 $ 208 Increase in other liabilities 309 21 388 1,319 349 970 974 766 208

Earnings (Loss) Per Share

Earnings (Loss) Per Share	12 Months Ended
	Sep. 30, 2016
Earnings Per Common Share:
Earnings (Loss) Per Share	Note 4 – Earnings (Loss) Per Share (As Restated) Basic earnings per common share is computed based on the weighted average number of shares outstanding reduced by unearned ESOP shares. Diluted earnings per share is computed based on the weighted average number of shares outstanding and common stock equivalents (“CSEs”) that would arise from the exercise of dilutive securities reduced by unearned ESOP shares. For the fiscal year ended September 30, 2016, the Company issued stock options to purchase 5,000 shares of common stock, as well as 1,930 restricted shares, which are considered CSEs. At September 30, 2016, all restricted stocks were anti-dilutive. For the fiscal years ended September 30, 2015 and 2014, the Company did not issue and did not have any outstanding CSEs. The following table sets forth the composition of the weighted average shares (denominator) used in the earnings per share computations. Year Ended September 30, (In thousands, except for share data) 2016 2015 2014 Net Income $ 12,150 $ 4,668 $ 711 Weighted average shares outstanding 6,560,012 6,558,473 6,558,473 Average unearned ESOP shares (150,747 ) (165,143 ) (179,543 ) Basic weighted average shares outstanding 6,409,265 6,393,330 6,378,930 Plus: effect of dilutive options 60 - - Diluted weighted average common shares outstanding 6,409,325 6,393,330 6,378,930 Earnings per share: Basic $ 1.90 $ 0.73 $ 0.11 Diluted $ 1.90 n/a n/a

Employee Stock Ownership Plan

Employee Stock Ownership Plan	12 Months Ended
	Sep. 30, 2016
Employee Stock Ownership Plan (ESOP), Shares in ESOP [Abstract]
Employee Stock Ownership Plan	Note 5 – Employee Stock Ownership Plan The Company established an employee stock ownership plan (“ESOP”) for substantially all of its full-time employees. As of September 30, 2016, the current ESOP trustee is Pentegra. Shares of the Company’s common stock purchased by the ESOP are held until released for allocation to participants. Shares released are allocated to each eligible participant based on the ratio of each such participant’s base compensation to the total base compensation of all eligible plan participants. As the unearned shares are committed to be released and allocated among participants, the Company recognizes compensation expense equal to the fair value of the ESOP shares during the periods in which they become committed to be released. To the extent that the fair value of the ESOP shares released differs from the cost of such shares, the difference is charged or credited to additional paid-in capital. During the period from May 20, 2008 to September 30, 2008, the ESOP purchased 241,178 shares of the common stock for approximately $2.6 million, an average price of $10.86 per share, which was funded by a loan from Malvern Federal Bancorp, Inc. (the Company’s predecessor). The ESOP loan is being repaid principally from the Bank’s contributions to the ESOP. The loan, which bears an interest rate of 5%, is being repaid in quarterly installments through 2026. Shares are released to participants proportionately as the loan is repaid. During years ended September 30, 2016, 2015 and 2014, there were 14,400, 14,400 and 14,400 shares, respectively, committed to be released. At September 30, 2016, there were 143,565 unallocated shares and 115,653 allocated shares held by the ESOP. The unallocated shares had an aggregate fair value of approximately $2.4 million at September 30, 2016.

Investment Securities

Investment Securities	12 Months Ended
	Sep. 30, 2016
Investments, Debt and Equity Securities [Abstract]
Investment Securities	Note 6 - Investment Securities The Company’s investment securities are classified as available-for-sale or held-to-maturity at September 30, 2016 and 2015. Investment securities available-for-sale are reported at fair value with unrealized gains or losses included in equity, net of tax. Accordingly, the carrying value of such securities reflects their fair value at the balance sheet date. Fair value is based upon either quoted market prices, or in certain cases where there is limited activity in the market for a particular instrument, assumptions are made to determine their fair value. Transfers of debt securities from the available-for-sale category to the held-to-maturity category are made at fair value at the date of transfer. The unrealized holding gain or loss at the date of transfer remains in accumulated other comprehensive income and in the carrying value of the held-to-maturity investment security. Premiums or discounts on investment securities are amortized or accreted using the effective interest method over the life of the security as an adjustment of yield. Unrealized holding gains or losses that remain in accumulated other comprehensive income are amortized or accreted over the remaining life of the security as an adjustment of yield, offsetting the related amortization of the premium or accretion of the discount. The following tables present information related to the Company’s investment securities at September 30, 2016 and 2015. September 30, 2016 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (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 September 30, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In thousands) Investment Securities Available-for-Sale: U.S. government agencies $ 816 $ — $ (1 ) $ 815 State and municipal obligations 42,007 192 (116 ) 42,083 Single issuer trust preferred security 1,000 — (150 ) 850 Corporate debt securities 70,874 34 (926 ) 69,982 114,697 226 (1,193 ) 113,730 Mortgage-backed securities: Federal National Mortgage Association (FNMA), fixed-rate 8,797 — (105 ) 8,692 Federal Home Loan Mortgage Company (FHLMC), fixed-rate 5,986 — (54 ) 5,932 14,783 — (159 ) 14,624 Total $ 129,480 $ 226 $ (1,352 ) $ 128,354 Investment Securities Held-to-Maturity: U.S. government agencies $ 14,301 $ 8 $ (13 ) $ 14,296 State and municipal obligations 10,075 23 (75 ) 10,023 Corporate debt securities 4,011 — (55 ) 3,956 Mortgage-backed securities: Collateralized mortgage obligations, fixed-rate 28,834 55 (339 ) 28,550 Total $ 57,221 $ 86 $ (482 ) $ 56,825 Total investment securities $ 186,701 $ 312 $ (1,834 ) $ 185,179 During the year ended September 30, 2015, the Company transferred at fair value approximately $57.5 million in available-for-sale investment securities to the held-to-maturity category. The net unrealized loss at date of transfer amounted to $115,000. This will be amortized over the remaining life of the securities as an adjustment of yield, offsetting the related amortization of the premium or accretion of the discount on the transferred securities. No gains or losses were recognized at the time of transfer. Management considers the held-to-maturity classification of these investment securities to be appropriate as the Company has the positive intent and ability to hold these securities to maturity. For fiscal 2016, proceeds of available-for-sale investment securities sold amounted to approximately $62.8 million. Gross realized gains on investment securities sold amounted to approximately $595,000, while gross realized losses amounted to approximately $30,000 for the period. For fiscal 2015, proceeds of available-for-sale investment securities sold amounted to approximately $70.4 million. Gross realized gains on investment securities sold amounted to approximately $610,000, while gross realized losses amounted to approximately $95,000 for the period. For fiscal 2014, proceeds of investment securities sold amounted to approximately $16.8 million. Gross realized gains on investment securities sold amounted to approximately $118,000, while gross realized losses amounted to approximately $35,000 for the period. The varying amount of sales from the available-for-sale portfolio over the past few years, reflect the significant volatility present in the market. Given the historic low interest rates prevalent in the market, it is necessary for the Company to protect itself from interest rate exposure. Securities that once appeared to be sound investments can, after changes in the market, become securities that the Company has the flexibility to sell to avoid losses and mismatches of interest-earning assets and interest-bearing liabilities at a later time. The following tables indicate gross unrealized losses not recognized in income and fair value, aggregated by investment category and the length of time individual securities have been in a continuous unrealized loss position at September 30, 2016 and 2015. September 30, 2016 Less than 12 Months More than 12 Months Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair value Unrealized Losses (In thousands) Investment Securities Available-for-Sale: 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 ) September 30, 2015 Less than 12 Months More than 12 Months Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair value Unrealized Losses (In thousands) Investment Securities Available-for-Sale: U.S. government agencies $ — $ — $ 815 $ (1 ) $ 815 $ (1 ) State and municipal obligations 18,223 (116 ) — — 18,223 (116 ) Single issuer trust preferred security — — 850 (150 ) 850 (150 ) Corporate debt securities 58,064 (926 ) — — 58,064 (926 ) Mortgage-backed securities: FNMA, fixed-rate 5,459 (53 ) 3,233 (52 ) 8,692 (105 ) FHLMC, fixed-rate 3,280 (25 ) 2,652 (29 ) 5,932 (54 ) Total $ 85,026 $ (1,120 ) $ 7,550 $ (232 ) $ 92,576 $ (1,352 ) Investment Securities Held-to-Maturity: U.S. government agencies 4,792 (13 ) — — 4,792 (13 ) State and municipal obligations 6,917 (75 ) — — 6,917 (75 ) Corporate debt securities 3,957 (55 ) — — 3,957 (55 ) Mortgage-backed securities: CMO, fixed-rate 22,734 (339 ) — — 22,734 (339 ) Total 38,400 (482 ) — — 38,400 (482 ) Total investment securities $ 123,426 $ (1,602 ) $ 7,550 $ (232 ) $ 130,976 $ (1,834 ) As of September 30, 2016, the estimated fair value of the securities disclosed above was primarily dependent upon the movement in market interest rates, particularly given the negligible inherent credit risk associated with these securities. These investment securities are comprised of securities that are rated investment grade by at least one bond credit rating service. Although the fair value will fluctuate as the market interest rates move, management believes that these fair values will recover as the underlying portfolios mature and are reinvested in market rate yielding investments. As of September 30, 2016, the Company held two municipal bonds, nine corporate securities, 15 mortgage-backed securities and one single issuer trust preferred security which were in an unrealized loss position. As of September 30, 2015, the Company held six U.S. government agency securities, 20 municipal bonds, 29 corporate securities, 37 mortgage-backed securities and one single issuer trust preferred security which were in an unrealized loss position. The Company does not intend to sell and expects that it is not more likely than not that it will be required to sell these securities until such time as the value recovers or the securities mature. Management does not believe any individual unrealized loss as of September 30, 2016 represents other-than-temporary impairment. Investment securities having a carrying value of approximately $552,000 at September 30, 2016 were pledged to secure public deposits. At September 30, 2015 the Company had no securities pledged to secure public deposits. The following table presents information for investment securities at September 30, 2016, based on scheduled maturities. Actual maturities can be expected to differ from scheduled maturities due to prepayment or early call options of the issuer. September 30, 2016 Amortized Cost Fair Value (In thousands) Investment Securities Available-for-Sale: Due in one year or less $ — $ — Due after one year through five years 24,464 24,718 Due after five years through ten years 31,166 31,277 Due after ten years 10,310 10,392 Total $ 65,940 $ 66,387 Investment Securities Held-to-Maturity: Due after one year through five years $ 2,999 $ 3,015 Due after five years through ten years 5,128 5,291 Due after ten years 32,424 32,511 Total $ 40,551 $ 40,817 Total investment securities $ 106,491 $ 107,204

Loans Receivable and Related Al

Loans Receivable and Related Allowance for Loan Losses	12 Months Ended
	Sep. 30, 2016
Receivables [Abstract]
Loans Receivable and Related Allowance for Loan Losses	Note 7 - Loans Receivable and Related Allowance for Loan Losses Loans receivable in the Company’s portfolio consisted of the following at the dates indicated: September 30, 2016 2015 (In thousands) Residential mortgage $ 209,186 $ 214,958 Construction and Development: Residential and commercial 18,579 5,677 Land 10,013 2,142 Total Construction and Development 28,592 7,819 Commercial: Commercial real estate 231,439 87,686 Multi-family 19,515 7,444 Other 38,779 13,380 Total Commercial 289,733 108,510 Consumer: Home equity lines of credit 19,757 22,919 Second mortgages 29,204 37,633 Other 1,914 2,359 Total Consumer 50,875 62,911 Total loans 578,386 394,198 Deferred loan fees and cost, net 1,208 1,776 Allowance for loan losses (5,434 ) (4,667 ) Total loans receivable, net $ 574,160 $ 391,307 The following table summarizes the primary classes of the allowance for loan losses, segregated into the amount required for loans individually evaluated for impairment and the amount required for loans collectively evaluated for impairment as of and for the years ended September 30, 2016, 2015 and 2014. Year Ended September 30, 2016 Construction and Development Commercial Consumer Residential Mortgage Residential and Commercial Land Commercial Real Estate Multi- family Other Home Equity Lines of Credit Second Mortgages Other Unallocated Total (In thousands) Allowance for loan losses: Beginning balance $ 1,486 $ 30 $ 35 $ 1,235 $ 104 $ 108 $ 139 $ 761 $ 24 $ 745 $ 4,667 Charge-offs (9 ) (91 ) - (99 ) - - - (291 ) (70 ) - (560 ) Recoveries 17 243 - 3 - 3 1 100 13 - 380 Provision (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: individually evaluated for impairment $ - $ - $ - $ - $ - $ - $ - $ 23 $ - $ - $ 23 Ending balance: collectively evaluated for impairment $ 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: individually evaluated for impairment $ 1,159 $ 109 $ - $ 2,039 $ - $ - $ 74 $ 277 $ - $ 3,658 Ending balance: collectively evaluated for impairment $ 208,027 $ 18,470 $ 10,013 $ 229,400 $ 19,515 $ 38,779 $ 19,683 $ 28,927 $ 1,914 $ 574,728 Year Ended September 30, 2015 Construction and Development Commercial Consumer Residential Mortgage Residential and Commercial Land Commercial Real Estate Multi- family Other Home Equity Lines of Credit Second Mortgages Other Unallocated Total (In thousands) Allowance for loan losses: Beginning balance $ 1,672 $ 291 $ 13 $ 1,248 $ 29 $ 50 $ 168 $ 1,033 $ 23 $ 62 $ 4,589 Charge-offs - (1 ) - (48 ) - - - (138 ) (34 ) - (221 ) Recoveries 17 98 - 9 - 3 2 69 11 - 209 Provision (203 ) (358 ) 22 26 75 55 (31 ) (203 ) 24 683 90 Ending Balance $ 1,486 $ 30 $ 35 $ 1,235 $ 104 $ 108 $ 139 $ 761 $ 24 $ 745 $ 4,667 Ending balance: individually evaluated for impairment $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Ending balance: collectively evaluated for impairment $ 1,486 $ 30 $ 35 $ 1,235 $ 104 $ 108 $ 139 $ 761 $ 24 $ 745 $ 4,667 Loans receivable: Ending balance $ 214,958 $ 5,677 $ 2,142 $ 87,686 $ 7,444 $ 13,380 $ 22,919 $ 37,633 $ 2,359 $ 394,198 Ending balance: individually evaluated for impairment $ 599 $ 121 $ - $ 1,571 $ - $ - $ 20 $ 179 $ - $ 2,490 Ending balance: collectively evaluated for impairment $ 214,359 $ 5,556 $ 2,142 $ 86,115 $ 7,444 $ 13,380 $ 22,899 $ 37,454 $ 2,359 $ 391,708 Year Ended September 30, 2014 Construction and Development Commercial Consumer Residential Mortgage Residential and Commercial Land Commercial Real Estate Multi- family Other Home Equity Lines of Credit Second Mortgages Other Unallocated Total (In thousands) Allowance for loan losses: Beginning balance $ 1,414 $ 164 $ 56 $ 1,726 $ 40 $ 59 $ 137 $ 1,393 $ 22 $ 79 $ 5,090 Charge-offs (83 ) (37 ) - (183 ) - - (14 ) (618 ) (6 ) - (941 ) Recoveries 23 1 - 9 - 3 1 136 4 - 177 Provision 318 163 (43 ) (304 ) (11 ) (12 ) 44 122 3 (17 ) 263 Ending Balance $ 1,672 $ 291 $ 13 $ 1,248 $ 29 $ 50 $ 168 $ 1,033 $ 23 $ 62 $ 4,589 Ending balance: individually evaluated for impairment $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Ending balance: collectively evaluated for impairment $ 1,672 $ 291 $ 13 $ 1,248 $ 29 $ 50 $ 168 $ 1,033 $ 23 $ 62 $ 4,589 Loans receivable: Ending balance $ 231,324 $ 5,964 $ 1,033 $ 71,579 $ 1,032 $ 5,480 $ 22,292 $ 47,034 $ 2,839 $ 388,577 Ending balance: individually evaluated for impairment $ 999 $ 187 $ - $ 504 $ - $ 900 $ 115 $ 695 $ - $ 3,400 Ending balance: collectively evaluated for impairment $ 230,325 $ 5,777 $ 1,033 $ 71,075 $ 1,032 $ 4,580 $ 22,177 $ 46,339 $ 2,839 $ 385,177 The following table presents impaired loans in portfolio by class, segregated by those for which a specific allowance was required and those for which a specific allowance was not necessary as of September 30, 2016 and 2015. Impaired Loans With Specific Allowance Impaired Loans With No Specific Allowance Total Impaired Loans Recorded Investment Related Allowance Recorded Investment Recorded Investment Unpaid Principal Balance (In thousands) September 30, 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 September 30, 2015: Residential mortgage $ — $ — $ 599 $ 599 $ 696 Construction and Development: Residential and commercial — — 121 121 253 Commercial: Commercial real estate — — 1,571 1,571 1,807 Consumer: Home equity lines of credit — — 20 20 36 Second mortgages — — 179 179 342 Total impaired loans $ — $ — $ 2,490 $ 2,490 $ 3,134 The following table presents the average recorded investment in impaired loans in portfolio and related interest income recognized year ended September 30, 2016, 2015 and 2014. Average Impaired Loans Interest Income Recognized on Impaired Loans (In thousands) Year Ended September 30, 2016: Residential mortgages $ 707 $ — Construction and Development: Residential and commercial 150 4 Commercial: Commercial real estate 1,646 69 Consumer: Home equity lines of credit 24 — Second mortgages 214 — Total $ 2,741 $ 73 Year Ended September 30, 2015: Residential mortgages $ 729 $ — Construction and Development: Residential and commercial 144 5 Commercial: Commercial real estate 690 4 Other 340 12 Consumer: Home equity lines of credit 23 — Second mortgages 537 — Total $ 2,463 $ 21 Year Ended September 30, 2014: Residential mortgages $ 1,731 $ — Construction and Development: Residential and commercial 609 17 Land 240 14 Commercial: Commercial real estate 21 — Other 900 32 Consumer: Home equity lines of credit 104 — Second mortgages 622 — Total $ 4,227 $ 63 No additional funds are committed to be advanced in connection with impaired loans. The following table presents the classes of the loan portfolio summarized by loans considered to be rated as pass and the categories of special mention, substandard and doubtful within the Company’s internal risk rating system as of September 30, 2016 and 2015. September 30, 2016 Pass Special Mention 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 September 30, 2015 Pass Special Mention Substandard Doubtful Total (In thousands) Residential mortgage $ 214,146 $ 130 $ 682 $ — $ 214,958 Construction and Development: Residential and commercial 5,450 106 121 — 5,677 Land 2,142 — — — 2,142 Commercial: Commercial real estate 78,207 4,791 4,688 — 87,686 Multi-family 7,166 278 — — 7,444 Other 12,387 272 721 — 13,380 Consumer: Home equity lines of credit 22,801 — 118 — 22,919 Second mortgages 36,834 133 666 — 37,633 Other 2,345 14 — — 2,359 Total $ 381,478 $ 5,724 $ 6,996 $ — $ 394,198 The following table presents loans on which we are no longer accruing interest by portfolio class at the dates indicated. September 30, 2016 2015 (In thousands) Residential mortgage $ 1,072 $ 599 Construction and Development: Residential and commercial — 12 Commercial: Commercial real estate 193 589 Consumer: Home equity lines of credit 74 20 Second mortgages 278 179 Total non-accrual loans $ 1,617 $ 1,399 Under the Bank’s loan policy, once a loan has been placed on non-accrual status, we do not resume interest accruals until the loan has been brought current and has maintained a current payment status for not less than six consecutive months. Interest income that would have been recognized on nonaccrual loans had they been current in accordance with their original terms was $48,000, $84,000 and $121,000 for fiscal 2016, 2015 and 2014, respectively. At September 30, 2016 there were approximately $696,000 loans past due 90 days or more and still accruing interest. There were no loans past due 90 days or more and still accruing interest at September 30, 2015. Management further monitors the performance and credit quality of the loan portfolio by analyzing the age of the portfolio as determined by whether a loan payment is “current,” that is, it is received from a borrower by the scheduled due date, or the length of time a scheduled payment is past due. The following table presents the classes of the loan portfolio summarized by the aging categories as of September 30, 2016 and 2015. Current 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due Total Past Due Total Loans Receivable Accruing 90 Days or More Past Due (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 Current 30 - 59 Days Past Due 60 - 89 Days Past Due 90 Days or More Past Due Total Past Due Total Loans Receivable (in thousands) September 30, 2015: Residential mortgage $ 213,253 $ 913 $ 193 $ 599 $ 1,705 $ 214,958 Construction and Development: Residential and commercial 5,665 — — 12 12 5,677 Land 2,142 — — — — 2,142 Commercial: Commercial real estate 86,119 485 493 589 1,567 87,686 Multi-family 7,444 — — — — 7,444 Other 13,380 — — — — 13,380 Consumer: Home equity lines of credit 22,899 — — 20 20 22,919 Second mortgages 37,010 345 99 179 623 37,633 Other 2,329 30 — — 30 2,359 Total $ 390,241 $ 1,773 $ 785 $ 1,399 $ 3,957 $ 394,198 Restructured loans deemed to be TDRs are typically the result of extension of the loan maturity date or a reduction of the interest rate of the loan to a rate that is below market, a combination of rate and maturity extension, or by other means including covenant modifications, forbearance and other concessions. However, the Company generally only restructures loans by modifying the payment structure to require payments of interest only for a specified period or by reducing the actual interest rate. Once a loan becomes a TDR, it will continue to be reported as a TDR during the term of the restructure. The Company had seven and five loans classified as TDRs with an aggregate outstanding balance of $2.2 million and $1.6 million at September 30, 2016 and 2015, respectively. At September 30, 2016, these loans were also classified as impaired. All of the TDR loans continue to perform under the restructured terms through September 30, 2016 and we continued to accrue interest on such loan through such date. Two commercial loans to one borrower, with an aggregate balance of $477,000 at September 30, 2016, were returned to accruing status and consolidated into one loan during fiscal 2016. The increase in TDRs of approximately $600,000 during fiscal 2016 was due to the addition of one residential mortgage loan with an outstanding balance of $85,000 and a commercial loan with an outstanding balance of $386,000 were classified as a performing TDR and impaired loan. As well as, one residential mortgage loan with a balance of $139,000 was classified as a non-performing TDR and impaired loan at September 30, 2016. At September 30, 2015, the two commercial loans to one borrower with a balance of $492,000 were non-accruing. All of such loans have been classified as TDRs since we modified the payment terms and in some cases interest rate from the original agreements and allowed the borrowers, who were experiencing financial difficulty, to make interest only payments for a period of time in order to relieve some of their overall cash flow burden. Some loan modifications classified as TDRs may not ultimately result in the full collection of principal and interest, as modified, and result in potential incremental losses. These potential incremental losses have been factored into our overall estimate of the allowance for loan losses. The level of any defaults will likely be affected by future economic conditions. A default on a troubled debt restructured loan for purposes of this disclosure occurs when the borrower is 90 days past due or a foreclosure or repossession of the applicable collateral has occurred. TDRs may arise in which, due to financial difficulties experienced by the borrower, the Company obtains through physical possession one or more collateral assets in satisfaction of all or part of an existing credit. Once possession is obtained, the Company reclassifies the appropriate portion of the remaining balance of the credit from loans to OREO, which is included within other assets in the Consolidated Statements of Condition. For any residential real estate property collateralizing a consumer mortgage loan, the Company is considered to possess the related collateral only if legal title is obtained upon completion of foreclosure, or the borrower conveys all interest in the residential real estate property to the Company through completion of a deed in lieu of foreclosure or similar legal agreement. Excluding OREO, the Company had $141,000 and $1.2 million of residential real estate properties in the process of foreclosure at September 30, 2016 and 2015, respectively. Total Troubled Debt Restructurings Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months Number of Loans Recorded Investment Number of Loans Recorded Investment (Dollars in thousands) At September 30, 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 At September 30, 2015: Construction and Development: Residential and commercial 1 $ 109 — $ — Commercial: Commercial real estate 4 1,474 2 492 Total 5 $ 1,583 2 $ 492 The following table reports the performing status of all TDR loans. The performing status is determined by the loan’s compliance with the modified terms. September 30, 2016 2015 Performing Non- Performing Performing Non- Performing (In thousands) Residential mortgage $ 85 $ 139 $ — $ — Construction and Development: Residential and commercial 109 — 109 — Commercial: Commercial real estate 1,845 — 982 492 Total $ 2,039 $ 139 $ 1,091 $ 492 The following table shows the new TDR’s for the twelve months ended September 30, 2016 and 2015. September 30, 2016 2015 Restructured During Period Number of Loans Pre- Modifications Outstanding Recorded Investments Post- Modifications Outstanding Recorded Investments Number of Loans Pre- Modifications Outstanding Recorded Investments Post- Modifications Outstanding Recorded Investments (In thousands) Troubled Debt Restructurings: Residential mortgage 2 $ 245 $ 245 - $ - $ - Commercial: Commercial real estate 1 386 386 4 1,485 1,485 Total 3 $ 631 $ 631 4 $ 1,485 $ 1,485 The following table sets forth the aggregate dollar amount of loans to principal officers, directors and their affiliates in the normal course of business of the Company. Year Ended September 30, (In thousands) 2016 2015 Balance at beginning of year $ 5,635 $ 252 New loans 12,249 8,474 Repayments (9,892 ) (3,091 ) Balance at end of year $ 7,992 $ 5,635 At September 30, 2016, 2015 and 2014, the Company was servicing loans for the benefit of others in the amounts of $45.4 million, $54.1 million and $59.9 million, respectively. A summary of mortgage servicing rights included in other assets and the activity therein follows for the periods indicated: September 30, 2016 2015 2014 (In thousands) Balance at beginning of year $ 401 $ 453 $ 271 Amortization (73 ) (82 ) 22 Addition — 30 160 Balance at end of year $ 328 $ 401 $ 453 For the fiscal year ended September 30, 2016, 2015 and 2014, the fair value of servicing rights was determined using a base discount rate between 11% and 12%. The fair market value is evaluated by a third party vendor on a quarterly basis for impairment purposes only. For the fiscal year ended September 30, 2016, we sold $6.4 million of long-term, fixed-rate residential mortgage loans with servicing released. This transaction resulted in a gain of $116,000. For the year ended September 30, 2016, the Company only sold loans with servicing released. For the fiscal year ended September 30, 2015, we sold $4.1 million of long-term, fixed-rate residential mortgage loans with the servicing retained. This transaction resulted in a gain of $102,000. For the fiscal year ended September 30, 2014, we sold $7.7 million of long-term, fixed-rate residential mortgage loans with the servicing retained. This transaction resulted in a gain of $71,000. No valuation allowance on servicing rights has been recorded at September 30, 2016, 2015, or 2014.

Property and Equipment

Property and Equipment	12 Months Ended
	Sep. 30, 2016
Property, Plant and Equipment [Abstract]
Property and Equipment	Note 8 - Property and Equipment Property and equipment, net consisted of the following at September 30, 2016 and 2015: September 30, Estimated Useful Life (years) 2016 2015 (In thousands) Land - $ 711 $ 711 Building and improvements 10-39 11,400 11,124 Construction in process - 222 154 Furniture, fixtures and equipment 3-7 4,722 4,317 17,055 16,306 Accumulated depreciation (10,418 ) (9,771 ) $ 6,637 $ 6,535 Depreciation expense was approximately $650,000, $646,000 and $638,000 for the years ended September 30, 2016, 2015 and 2014, respectively. We also had a $41,000 loss on disposal of fixed assets related to the closure of our Westtown branch in June 2014.

Deposits

Deposits	12 Months Ended
	Sep. 30, 2016
Deposits:
Deposits	Note 9 - Deposits Deposits classified by interest rates with percentages to total deposits at September 30, 2016 and 2015 consisted of the following: S eptember 30, 2016 2015 Amount Percent of Total Deposits Amount Percent of Total Deposits (Dollars in thousands) Balances by types of deposit: Savings $ 44,714 7.43 % $ 45,189 9.71 % Money market accounts 177,486 29.48 108,706 23.35 Interest bearing demand 95,041 15.78 82,897 17.81 Non-interest bearing demand 34,547 5.74 27,010 5.80 351,788 58.43 263,802 56.67 Certificates of deposit 250,258 41.57 201,720 43.33 Total $ 602,046 100.00 % $ 465,522 100.00 % The total amount of certificates of deposit of $250,000 and greater at September 30, 2016 and 2015 was $13.7 million and $12.2 million, respectively. We had brokered deposits totaling $58.8 million at September 30, 2016. We had no brokered deposits at September 30, 2015. Interest expense on deposits consisted of the following for the years: September 30, 2016 2015 2014 (In thousands) Savings accounts $ 33 $ 29 $ 27 Money market accounts 874 271 164 Interest bearing demand 139 83 85 Certificates of deposit 3,491 3,048 3,693 Total deposits $ 4,537 $ 3,431 $ 3,969 The following is a schedule of certificates of deposit maturities. September 30, 2016 (In thousands) Maturing in the Fiscal Year Ending September 30, 2017 $ 150,614 2018 48,906 2019 16,981 2020 8,218 2021 16,551 Thereafter 8,988 $ 250,258 Deposits from related parties held by the Company at September 30, 2016 and 2015 amounted to $6.4 million and $5.5 million, respectively.

Borrowings

Borrowings	12 Months Ended
	Sep. 30, 2016
Debt Disclosure [Abstract]
Borrowings	Note 10 - Borrowings Under terms of its collateral agreement with the Federal Home Loan Bank of Pittsburgh (“FHLB”), the Company maintains otherwise unencumbered qualifying assets in an amount at least equal to its borrowings. Under an agreement with the FHLB, the Company has a line of credit available in the amount of $127.8 million and $108.5 million, respectively, of which none was outstanding at September 30, 2016 or 2015. The interest rate on the line of credit at September 30, 2016 and 2015 was 0.46% and 0.34%, respectively. The summary of long-term borrowings as of September 30, 2016 and 2015 are as follows: September 30, 2016 2015 Weighted Average Weighted Average Amount Rate Amount Rate (Dollars in thousands) Due by September 30: 2016 $ - - % $ 20,000 0.61 % 2017 35,000 0.22 - - 2018 - - 30,000 3.38 2019 55,000 1.62 25,000 2.12 2020 28,000 2.83 28,000 2.51 Total FHLB Advances $ 118,000 1.65 % $ 103,000 2.48 % At September 30, 2016, the Company had $118.0 million in outstanding long-term fixed rate FHLB advances and $223.0 million in potential FHLB advances available to us, which is based on the amount of FHLB stock held or levels of other assets, including U.S. government securities, and certain mortgage loans which are available for collateral.

Derivatives

Derivatives	12 Months Ended
	Sep. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives	Note 11 - Derivatives The Company is exposed to certain risks arising from both its business operations and economic conditions. The Company principally manages its exposures to a wide variety of business and operational risks through management of its core business activities. The Company manages economic risks, including interest rate, liquidity, and credit risk primarily by managing the amount, sources, and duration of its debt funding and the use of derivative financial instruments. Specifically, the Company enters into derivative financial instruments to manage exposures that arise from business activities that result in the payment of future uncertain cash amounts, the value of which are determined by interest rates. The Company’s objectives in using interest rate derivatives are to add stability to interest expense and to manage its exposure to interest rate movements. To accomplish this objective, the Company primarily uses interest rate swaps as part of its interest rate risk management strategy. Interest rate swaps designated as cash flow hedges involve the receipt of variable amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. The effective portion of changes in the fair value of derivatives designated and that qualify as cash flow hedges is recorded in Accumulated Other Comprehensive Income and is subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. At September 30, 2016, such derivatives were used to hedge the variable cash flows associated with FHLB advances. The ineffective portion of the change in fair value of the derivatives is recognized directly in earnings. The Company’s derivatives did not have any hedge ineffectiveness recognized in earnings during fiscal 2016 and 2015. Amounts reported in accumulated other comprehensive income related to derivatives will be reclassified to interest expense as interest payments are made on the Company’s variable-rate debt. During the next twelve months, the Company estimates approximately $203,000 to be reclassified to earnings in interest expense. The Company is hedging its exposure to the variability in future cash flows for forecasted transactions over a maximum period of twenty months (excluding forecasted transactions related to the payment of variable interest on existing financial instruments). The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the Balance Sheet as of September 30, 2016 and 2015: 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 September 30, 2015 Notional Amount Fair Value Balance Sheet Location Expiration Date (Dollars in thousand Derivatives designated as hedging instruments Interest rate swaps by effective date: August 3, 2015 $ 15,000 $ 348 Other liabilities August 3, 2020 Interest expense recorded on these swaps transactions totaled approximately $272,000 and $36,000 for the years ended September 30, 2016 and 2015, respectively, and is reported as a component of interest expense on FHLB Advances. There are no related expenses for the year ended September 30, 2014. Cash Flow Hedge The following table presents the net gains (losses) recorded in accumulated other comprehensive income and the Consolidated Statements of Income relating to the cash flow derivative instruments for the year ended September 30: For the Year Ended September 30, 2016 Amount of Gain (Loss) Recognized in OCI (Effective Portion) Amount of Gain (Loss) Reclassified from OCI to Interest Expense Amount of Gain (Loss) Recognized in Other Non-Interest Income (Ineffective Portion) (in thousands) August 3, 2015 $ (270 ) $ (188 ) $ — February 5, 2016 (231 ) (84 ) — For the Year Ended September 30, 2015 Amount of Gain (Loss) Recognized in OCI (Effective Portion) Amount of Gain (Loss) Reclassified from OCI to Interest Expense Amount of Gain (Loss) Recognized in Other Non-Interest Income (Ineffective Portion) (in thousands) Interest Rate Contracts $ 348 $ 36 $ — 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 September 30, 2016 and 2015, the fair value of derivatives in a net liability position, which includes accrued interest but excludes any adjustment for nonperformance risk, related to these agreements was $586,000 and $195,000, respectively. As of September 30, 2016 and 2015, the Company has minimum collateral posting thresholds with certain of its derivative counterparties and has posted collateral of $800,000 and $600,000, respectively, against its obligations under these agreements. If the Company had breached any of these provisions 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	12 Months Ended
	Sep. 30, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 12 - Fair Value Measurements The Company follows FASB ASC Topic 820 “Fair Value Measurement,” to record fair value adjustments to certain assets and to determine fair value disclosures for the Company’s financial instruments. Investment and mortgage-backed securities available for sale are recorded at fair value on a recurring basis. Additionally, from time to time, the Company may be required to record at fair value other assets on a nonrecurring basis, such as impaired loans, real estate owned and certain other assets. These nonrecurring fair value adjustments typically involve application of lower-of-cost-or-market accounting or write-downs of individual assets. The Company groups its assets at fair value in three levels, based on the markets in which the assets are traded and the reliability of the assumptions used to determine fair value. These levels are: Level 1 — Valuation is based upon quoted prices for identical instruments traded in active markets. Level 2 — Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market. Level 3 — Valuation is generated from model-based techniques that use significant assumptions not observable in the market. These unobservable assumptions reflect the Company’s own estimates of assumptions that market participants would use in pricing the asset. The Company bases its fair values on the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. It is our policy to maximize the use of observable inputs and minimize the use of unobservable inputs when developing fair value measurements, in accordance with the fair value hierarchy. Fair value measurements for assets where there exists limited or no observable market data and, therefore, are based primarily upon the Company’s or other third-party’s estimates, are often calculated based on the characteristics of the asset, the economic and competitive environment and other factors. Therefore, the results cannot be determined with precision and may not be realized in an actual sale or immediate settlement of the asset. Additionally, there may be inherent weaknesses in any calculation technique, and changes in the underlying assumptions used, including discount rates and estimates of future cash flows, could significantly affect the results of current or future valuations. FASB ASC Topic 825 “Financial Instruments” provides an option to elect fair value as an alternative measurement for selected financial assets and financial liabilities not previously recorded at fair value. The fair value of a financial instrument is the current amount that would be exchanged between willing parties, other than in a forced liquidation. The Company monitors and evaluates available data to perform fair value measurements on an ongoing basis and recognizes transfers among the levels of the fair value hierarchy as of the date event or a change in circumstances that affects the valuation method chosen. There were no changes in valuation technique or transfers between levels as of and for the years ended September 30, 2016 and 2015. The tables below present the balances of assets measured at fair value on a recurring basis at September 30, 2016 and 2015: 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 $ — September 30, 2015 Total Level 1 Level 2 Level 3 (in thousands) Assets: Investment securities available-for-sale: Debt securities: U.S. government agencies $ 815 $ — $ 815 $ — State and municipal obligations 42,083 — 42,083 — Single issuer trust preferred security 850 — 850 — Corporate debt securities 69,982 — 69,982 — Total investment securities available-for-sale 113,730 — 113,730 — Mortgage-backed securities available-for-sale: FNMA, fixed-rate 8,692 — 8,692 — FHLMC, fixed-rate 5,932 — 5,932 — Total mortgage-backed securities available-for-sale 14,624 — 14,624 — Total investments securities available for sale $ 128,354 $ — $ 128,354 $ — Liabilities: Derivative instruments $ 348 $ — $ 348 $ — For assets measured at fair value on a nonrecurring basis in fiscal 2016 and fiscal 2015 that were still held at the end of the period, the following table provides the level of valuation assumptions used to determine each adjustment and the carrying value of the related individual assets or portfolios at September 30, 2016 and 2015: 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. September 30, 2015 Total Level 1 Level 2 Level 3 (In thousands) Impaired loans (1) (2) $ 48 $ — $ — $ 48 Mortgage servicing rights 30 — 30 — Total $ 78 $ — $ 30 $ 48 September 30, 2015 Fair Value at September 30, 2015 Valuation Technique Unobservable Input Range/(Weighted Average) (Dollars in thousands) Impaired loans (1) (2) $ 48 Appraisal of collateral (3) Collateral discounts (4) 65 − 80%/(74%) Total $ 48 (1) At September 30, 2015, consisted of two loans with an aggregate balance of $48,000 and there were no specific loan loss allowance. (2) Includes assets directly charged-down to fair value during the year-to-date period. (3) Fair value is generally determined through independent appraisals of the underlying collateral primarily using comparable sales. (4) Appraisals may be adjusted by management for qualitative factors such as time, changes in economic conditions and estimated liquidation expense. For the year ended September 30, 2016, the Company did not have any additions to our mortgage servicing assets. For the fiscal year end 2016, the Company only sold loans with servicing released. The following table shows active information regarding significant techniques and inputs used at September 30, 2015 for measures in a non-recurring basis using unobservable inputs (Level 2): Fair Value at September 30, 2015 Valuation Technique Unobservable Input Method or Value as of September 30, 2015 (In thousands) Mortgage servicing rights $30 Discounted rate Discount rate 11.00 − 12.00% Rate used through Loan prepayment speeds 14.73% Weighted-average Servicing fees 0.25% Of loan balance Servicing costs $6.25 Monthly servicing $300 − 500 Additional monthly The following disclosure of the estimated fair value of financial instruments is made in accordance with the requirements of FASB ASC 825. The estimated fair value amounts have been determined by the Company using available market information and appropriate valuation methods. However, considerable judgment is necessarily required to interpret market data to develop the estimates of fair value. Accordingly, the estimates presented herein are not necessarily indicative of the amounts the Company would realize in a current market exchange. The use of different market assumptions and/or estimation methodologies may have a material effect on the estimated fair value amounts. FASB ASC 825 excludes certain financial instruments and all non-financial instruments from its disclosure requirements. Accordingly, the aggregate fair value amounts presented may not necessarily represent the underlying fair value of the Company. The fair value estimates presented herein are based on pertinent information available to management as of September 30, 2016 and 2015. Although management is not aware of any factors that would significantly affect the estimated fair value amounts, such amounts have not been comprehensively revalued for purposes of these financial statements since September 30, 2016 and 2015 and, therefore, current estimates of fair value may differ significantly from the amounts presented herein. The following assumptions were used to estimate the fair value of the Company’s financial instruments: Cash and Cash Equivalents Investment Securities Loans Receivable Impaired Loans Accrued Interest Receivable Restricted Stock Other Real Estate Owned Deposits Long-Term Borrowings Derivatives Accrued Interest Payable Commitments to Extend Credit and Letters of Credit Mortgage Servicing Rights The carrying amount and estimated fair value of the Company’s financial instruments as of September 30, 2016 and 2015 were as follows: Carrying Amount Fair Value Level 1 Level 2 Level 3 (in thousands) 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 — September 30, 2015: Financial assets: Cash and cash equivalents $ 40,263 $ 40,263 $ 40,263 $ — $ — Investment securities available-for-sale 128,354 128,354 — 128,354 — Investment securities held-to-maturity 57,221 56,825 — 56,825 — Loans receivable, net 391,307 400,305 — — 400,305 Accrued interest receivable 2,484 2,484 — 2,484 — Restricted stock 4,765 4,765 — 4,765 — Mortgage servicing rights 401 416 — 416 — Financial liabilities: Savings accounts 45,189 45,189 — 45,189 Checking and NOW accounts 109,907 109,907 — 109,907 — Money market accounts 108,706 108,706 — 108,706 — Certificates of deposit 201,720 203,257 — 203,257 — FHLB advances 103,000 104,889 — 104,889 — Derivatives 348 348 — 348 — Accrued interest payable 396 396 — 396 —

Income Taxes

Income Taxes	12 Months Ended
	Sep. 30, 2016
Income Tax Disclosure [Abstract]
Income Taxes	Note 13 - Income Taxes (As Restated) In accordance with ASC Topic 740, the Company evaluates on a quarterly basis, all evidence, both positive and negative, to determine whether, based on the weight of that evidence, a valuation allowance for DTAs is needed. In conducting this evaluation, management explores all possible sources of taxable income available under existing tax laws to realize the net deferred tax asset beginning with the most objectively verifiable evidence first, including available carry back claims and viable tax planning strategies. If needed, management will look to future taxable income as a potential source. Management reviews the Company’s current financial position and its results of operations for the current and preceding years. That historical information is supplemented by all currently available information about future years. The Company understands that projections about future performance are subjective. In accordance with ASC Topic 740, the Company considered prudent and feasible tax-planning strategies available at September 30, 2016 that, if implemented, could prevent an operating loss or tax credit carry-forward from expiring unused and could result in realization of the existing DTA. The Company has no present intention to implement such strategies; however, in the event that the Company determined future earnings would not be sufficient to realize the deferred tax asset, the Company has the ability to realize a portion of DTA through tax strategies such as: selling available-for-sale securities in a gain position from the investment portfolio, surrendering BOLI policies, and selling loans in a gain position from the loan portfolio, as well as sales or sale/leaseback of branch offices/office buildings to recognize built-in gains. Deferred income taxes at September 30, 2016 and 2015 were as follows: September 30, 2016 2015 (In thousands) Deferred Tax Assets: Unrealized loss on investments available for sale $ — $ 383 Allowance for loan losses 3,299 2,985 Non-accrual interest 56 98 Write-down of real estate owned — 106 Alternative minimum tax (AMT) credit carryover 287 128 Low-income housing tax credit carryover 217 337 Supplement Employer Retirement Plan 412 455 Charitable contributions 61 36 Depreciation 60 205 Federal net operating loss 4,344 6,375 Other 651 338 Total Deferred Tax Assets 9,387 11,446 Valuation allowance for DTA (61 ) (8,043 ) Total Deferred Tax Assets, Net of Valuation Allowance $ 9,326 $ 3,403 Deferred Tax Liabilities: State net operating income — (187 ) Unrealized gain on investments available-for-sale (152 ) — Mortgage servicing rights (112 ) (136 ) Other (235 ) (206 ) Total Deferred Tax Liabilities (499 ) (529 ) Deferred Tax Assets, Net $ 8,827 $ 2,874 Of these DTA, the carryforward periods for certain tax attributes are as follows: ● Gross federal net operating loss carryforwards of $12.7 million (net DTA of $4.3 million) to expire in the fiscal year ending September 30, 2031; ● Low income housing credit carryforwards of $217,000 to expire in the fiscal years ending September 30, 2030 and 2031; ● AMT credit carryforward has no expiration date; and ● Gross charitable contributions carryforwards of $180,000 (net DTA of $61,000) to expire in the fiscal year ending September 30, 2018. Income tax expense for the years ended September 30, 2016, 2015 and 2014 was comprised of the following: September 30, 2016 2015 2014 (In thousands) Federal: Current $ 142 $ 65 $ — Deferred (6,316 ) (1,035 ) (367 ) (6,174 ) (970 ) (367 ) State, current — — — $ (6,174 ) $ (970 ) $ (367 ) The following reconciliation between federal income tax at the statutory rate of 34% and the actual income tax expense (benefit) recorded on income (loss) before income taxes for the years ended September 30, 2016, 2015 and 2014: September 30, 2016 2015 2014 (Dollars in thousands) At federal statutory rate at 34% $ 2,032 $ 1,257 $ — Adjustments resulting from: Tax-exempt interest (265 ) (186 ) — Earnings on bank-owned life insurance (176 ) (231 ) — Federal tax on cash surrender of BOLI — — 21 DTA valuation allowance (8,007 ) (2,031 ) (388 ) Other 242 221 — $ (6,174 ) $ (970 ) $ (367 ) Effective tax rate (103.3 % (26.2 )% (106.7 )% It is the Company’s policy to provide for uncertain tax positions and the related interest and penalties based upon management’s assessment of whether a tax benefit is more like than not to be sustained upon examination by tax authorities. As of September 30, 2016 and 2015, there were no material uncertain tax positions related to federal and state income tax matters. The Company is currently open to audit under the statute of limitation by the Internal Revenue Service and state taxing authorities for the years ended September 30, 2013 to September 30, 2016. The Small Business Job Protection Act of 1996 provides for the repeal of the tax bad debt deduction computed under the percentage-of-taxable-income method. Upon repeal, the Company was required to recapture into income, over a six-year period, the portion of its tax bad debt reserves that exceeds its base year reserves (i.e., tax reserves for tax years beginning before 1988). The base year tax reserves, which may be subject to recapture if the Company ceases to qualify as a bank for federal income tax purposes, are restricted with respect to certain distributions and have been treated as a permanent tax difference.

Leases

Leases	12 Months Ended
	Sep. 30, 2016
Leases [Abstract]
Leases	Note 14 - Leases Pursuant to the terms of non-cancelable operating lease agreements expiring in September 2030, pertaining to Company property, future minimum rent commitments are (In thousands): Years ending September 30: 2017 $ 385 2018 429 2019 431 2020 434 2021 466 Thereafter 2,225 $ 4,370 The Company receives rents from the lease of office and residential space owned by the Company. Future minimum rental commitments under these leases are (In thousands): Years ending September 30: 2017 $ 133 2018 22 2019 — 2020 — 2021 — $ 155

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Sep. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 15 - Commitments and Contingencies The Company is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit, unused lines of credit and standby letters of credit. Such commitments involve, to varying degrees, elements of credit, and interest rate risk in excess of the amount recognized in the statements of financial condition. The Company’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit is represented by the contractual amount of those instruments. The Company uses the same credit policies in making commitments and conditional obligations as it does for on-balance sheet instruments. Letters of credit are conditional commitments issued by the Company guaranteeing payments of drafts in accordance with the terms of the letter of credit agreements. Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third party. Collateral may be required to support letters of credit based upon management’s evaluation of the creditworthiness of each customer. The credit risk involved in issuing letters of credit is substantially the same as that involved in extending loan facilities to customers. Most letters of credit expire within one year. At September 30, 2016 and 2015, the uncollateralized portion of the letters of credit extended by the Company was approximately $1.9 million and $566,000, respectively. The current amount of the liability for guarantees under letters of credit was not material as of September 30, 2016 or 2015. At September 30, 2016 and 2015, the following financial instruments were outstanding whose contract amounts represent credit risk: September 30, 2016 2015 (In thousands) Commitments to extend credit: Future loan commitments $ 97,566 $ 26,849 Undisbursed construction loans 33,135 14,187 Undisbursed home equity lines of credit 25,270 27,074 Undisbursed commercial lines of credit 22,272 20,325 Undisbursed commercial unsecured lines of credit 26,395 5,275 Overdraft protection lines 850 840 Standby letters of credit 1,927 566 Total Commitments $ 207,415 $ 95,116 Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. The Company evaluates each customer’s credit worthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Company upon extension of credit, is based on management’s credit evaluation. Collateral held varies but generally includes personal or commercial real estate. Unfunded commitments under commercial lines of credit are collateralized except for the overdraft protection lines of credit and commercial unsecured lines of credit. The amount of collateral obtained is based on management’s credit evaluation, and generally includes personal or commercial real estate. Various legal claims arise from time to time in the normal course of business which, in the opinion of management, will have no material effect on the Company’s consolidated financial statements.

Regulatory Matters

Regulatory Matters	12 Months Ended
	Sep. 30, 2016
Banking and Thrift [Abstract]
Regulatory Matters	Note 16 - Regulatory Matters (As Restated) 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 September 30, 2016, the Company’s and the Bank’s current capital levels exceed the required capital amounts to be considered “well capitalized” and we believe they also meet the fully-phased in minimum capital requirements, including the related capital conservation buffers, as required by the Basel III capital rules. The following table summarizes the Company’s compliance with applicable regulatory capital requirements as of September 30, 2016: Actual For Capital Adequacy Purposes To Be Well Capitalized Under Prompt Corrective Action Provisions (Dollars in thousands) Capital Amount Ratio Capital Amount Ratio Capital Amount Ratio As of September 30, 2016: Tier 1 Leverage (Core) Capital (to average assets) $ 91,876 11.64 % $ 31,561 4.00 % $ 39,452 5.00 % Common Equity Tier 1 Capital (to risk weighted assets) 91,876 15.37 % 26,894 4.50 % 38,847 6.50 % Tier 1 Capital (to risk weighted assets) 91,876 15.37 % 35,859 6.00 % 47,812 8.00 % Total Risk Based Capital (to risk weighted assets) 97,372 16.29 % 47,812 8.00 % 59,765 10.00 % The following table summarizes the Bank’s compliance with applicable regulatory capital requirements as of September 30, 2016 and 2015: 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 September 30, 2016: Tier 1 Leverage (to average assets) $ 86,596 10.98 % $ 31,533 4.00 % $ 39,417 5.00 % Common Equity Tier 1 Capital (to risk weighted assets) 86,596 14.50 % 26,875 4.50 % 38,820 6.50 % Tier 1 Capital (to risk weighted assets) 86,596 14.50 % 35,834 6.00 % 47,779 8.00 % Total Capital (to risk weighted assets) 92,092 15.42 % 47,779 8.00 % 59,723 10.00 % As of September 30, 2015: Tier 1 Leverage (to average assets) $ 70,388 11.01 % $ 25,573 4.00 % $ 31,966 5.00 % Common Equity Tier 1 Capital (to risk weighted assets) 70,388 16.21 % 19,538 4.50 % 28,222 6.50 % Tier 1 Capital (to risk weighted assets) 70,388 16.21 % 26,051 6.00 % 34,734 8.00 % Total Capital (to risk weighted assets) 75,117 17.30 % 34,734 8.00 % 43,418 10.00 % The following table presents a reconciliation of the Bank’s equity determined using accounting principles generally accepted in the United States of America (“US GAAP”) and its regulatory capital amounts as of September 30, 2016 and 2015: September 30, 2016 2015 (In thousands) Bank GAAP equity $ 90,877 $ 69,309 Disallowed portion of deferred tax asset (4,344 ) — Net unrealized gain on securities available for sale, net of income taxes (294 ) 743 Net unrealized gain on derivatives, net of income taxes 357 336 Tangible Capital, Core Capital and Tier 1 Capital 86,596 70,388 Allowance for loan losses 5,496 4,729 Total Risk-Based Capital $ 92,092 $ 75,117

Comprehensive Income (Loss)

Comprehensive Income (Loss)	12 Months Ended
	Sep. 30, 2016
Equity [Abstract]
Comprehensive Income (Loss)	Note 17 – Comprehensive Income (Loss) The components of accumulated other comprehensive (loss) included in shareholders’ equity are as follows: September 30, 2016 2015 2014 (In thousands) Net unrealized holding gains (losses) on available-for- sale securities $ 447 $ (1,011 ) $ (2,736 ) Tax effect (152 ) 344 931 Net of tax amount 295 (667 ) (1,805 ) Net unrealized holding losses on securities available-for- sale transferred to held-to-maturity — (115 ) — Tax effect — 39 — Net of tax amount — (76 ) — Fair value adjustment on derivatives (542 ) (348 ) — Tax effect 184 12 — Net of tax amount (358 ) (336 ) — Total accumulated other comprehensive loss $ (63 ) $ (1,079 ) $ (1,805 ) Other comprehensive income and related tax effects are presented in the following table: Year Ended September 30, 2016 2015 2014 (In thousands) Net unrealized holding gains (losses) on available-for-sale securities $ 2,128 $ 2,120 $ 1,419 Net realized gain on securities available-for-sale (565 ) (515 ) (83 ) Amortization of unrealized holding losses on securities available- for-sale transferred to held-to-maturity 9 5 — Fair value adjustment on derivatives (194 ) (348 ) — Other comprehensive income before taxes 1,378 1,262 1,336 Tax effect (362 ) (536 ) (453 ) Total comprehensive income $ 1,016 $ 726 $ 883

Equity Based Incentive Compensa

Equity Based Incentive Compensation Plan	12 Months Ended
	Sep. 30, 2016
Equity Based Incentive Compensation Plan
Equity Based Incentive Compensation Plan	Note 18 – 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 September 30, 2016, there were 393,070 remaining shares available for future grants. Restricted stock and option awards granted during fiscal 2016 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 awards 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. No options were granted in fiscal 2015 or 2014. In fiscal 2016, stock options covering 5,000 shares of common stock were granted. Total compensation expense related to options granted under the 2014 Plan was $3,000 for fiscal 2016 and zero for fiscal 2015 and 2014, respectively. During fiscal 2016, 2,240 shares of restricted stock were awarded and 310 of those shares were forfeited. During fiscal 2015 and 2014 no shares of restricted stock were awarded. The compensation expense related to restricted stock awards was approximately $5,000 for fiscal 2016 and zero in fiscal 2015 and 2014, 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 granted but are not considered by the model. Accordingly, while management believes that the Black-Scholes option-pricing model provides a reasonable estimate of fair value, the model does not necessarily provide the best single measure of fair value for the Company’s employee stock options. The assumptions used in determining the fair value of stock option grants for the year ended September 30, 2016 are as follows: Weighted average fair value of awards $ 5.15 Risk-free rate 1.45 % Dividend yield — % Volatility 28.88 % Expected life 6.5 years The following is a summary of currently outstanding options at September 30, 2016: Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term (In Years) Aggregate Intrinsic Value Outstanding, beginning of year — Granted 5,000 $ 16.02 Exercised — — Forfeited/cancelled/expired — — Outstanding, end of year 5,000 $ 16.02 9.498 $ 1,900 Vested and expected to vest, end of year 5,000 $ 16.02 9.498 $ 1,900 The table below summarizes the activity for the Company’s restricted stock outstanding at September 30, 2016: Shares Weighted Average Fair Value Outstanding, beginning of year — Granted 2,240 $ 17.40 Vested — — Forfeited/cancelled/expired (310 ) 17.40 Outstanding, end of year 1,930 $ 17.40 As of September 30, 2016, there was $29,000 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 9.25 years.

Condensed Financial Information

Condensed Financial Information - Parent Company Only	12 Months Ended
	Sep. 30, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Financial Information - Parent Company Only	Note 19 – Condensed Financial Information - Parent Company Only (As Restated) Condensed Statements of Financial Condition September 30, 2016 2015 (In thousands) Assets Cash and Cash Equivalents $ 3,192 $ 5,325 Investment in subsidiaries 90,877 69,309 Investment securities held to maturity, (fair value at $5,666) — 5,762 Loans receivable, net 1,709 1,842 Other assets 418 532 Total Assets $ 96,196 $ 82,770 Liabilities Accounts payable $ 39 $ 21 Shareholders’ Equity 96,157 82,749 Total Liabilities and Shareholders’ Equity $ 96,196 $ 82,770 Condensed Statements of Operations Y ear Ended September 30, 2016 2015 2014 (In thousands) Income Interest income $ 116 $ 196 $ 254 Total Interest Income 116 196 254 Expense Other operating expenses 189 251 331 Total Other Expenses 189 251 331 Loss before Equity in Undistributed Net Income of Subsidiaries and Income Tax Expense (73 ) (55 ) (77 ) Equity in Undistributed Net Income of Subsidiaries 12,334 4,723 788 Income tax expense 111 — — Net Income $ 12,150 $ 4,668 $ 711 Condensed Statements of Comprehensive Income Year Ended September 30, (In thousands) 2016 2015 2014 Net Income $ 12,150 $ 4,668 $ 711 Other Comprehensive Income, Net of Tax: Unrealized holding gains (losses) on available-for-sale securities 2,128 2,120 1,419 Tax effect (723 ) (721 ) (482 ) Net of tax amount 1,405 1,399 937 Reclassification adjustment for net gains arising during the period (1) (565 ) (515 ) (83 ) Tax effect 192 175 29 Net of tax amount (373 ) (340 ) (54 ) Accretion of unrealized holding losses on securities transferred from available-for-sale to held-to-maturity (2) 9 5 — Tax effect (3 ) (2 ) — Net of tax amount 6 3 — Fair value adjustment on derivatives (194 ) (348 ) — Tax effect 172 12 — Net of tax amount (22 ) (336 ) — Total other comprehensive income 1,016 726 883 Total comprehensive income $ 13,166 $ 5,394 $ 1,594 Â (1) Amounts are included in net gain on sales of securities on the Consolidated Statements of Operations in total other income. (2) Amounts are included in interest and dividends on investment securities on the Consolidated Statements of Operations. Condensed Statements of Cash Flows Year Ended September 30, 2016 2015 2014 (In thousands) Cash Flows from Operating Activities Net income $ 12,150 $ 4,668 $ 711 Undistributed net income of subsidiaries (12,334 ) (4,722 ) (788 ) Deferred income taxes, net — 84 197 ESOP shares committed to be released 242 195 160 Increase (decrease) in accounts payable 18 (27 ) (14 ) (Increase) decrease in other assets (2,629 ) 239 227 Net Cash (Used in) Provided by Operating Activities (2,553 ) 437 493 Cash Flows from Investing Activities Proceeds from maturities and principal collection on investments available for sale, net — — 422 Proceeds from maturities and principal collection on investments held to maturity 287 511 — Purchases of investment securities — — (992 ) Calls, sales of investment securities — 1,812 — Loan originations and principal collections, net 133 127 121 Net Cash Provided by (Used in) Investing Activities 420 2,450 (449 ) Net (Decrease) Increase in Cash and Cash Equivalents (2,133 ) 2,887 44 Cash and Cash Equivalents - Beginning 5,325 2,438 2,394 Cash and Cash Equivalents - Ending $ 3,192 $ 5,325 $ 2,438 Supplementary Cash Flows Information Non-cash transfer of investment securities from Parent Company to Bank $ 5,475 $ — $ —

Quarterly Financial Information

Quarterly Financial Information of Malvern Bancorp Inc. (Unuadited)	12 Months Ended
	Sep. 30, 2016
Quarterly Financial Information Disclosure [Abstract]
Quarterly Financial Information of Malvern Bancorp Inc. (Unuadited)	Note 20 – Quarterly Financial Information of Malvern Bancorp Inc. (Unuadited) (As Restated) The following tables are a summary of certain quarterly financial data for the fiscal years ended September 30, 2016 and 2015. 2016 4 th 3 rd 2 nd 1 st (Dollars in thousands, except per share data) Total Interest and Dividend Income 6,817 $ 6,530 $ 6,210 $ 5,687 Total Interest Expense 1,796 1,750 1,710 1,476 Net Interest Income 5,021 4,780 4,500 4,211 Provision for Loan Losses 100 472 375 — Total Other Income 615 659 501 558 Total Other Expenses 3,759 3,378 3,360 3,425 Income before income tax benefit 1,777 1,589 1,266 1,344 Income tax benefit (6,174 ) — — — Net Income $ 7,951 $ 1,589 $ 1,266 $ 1,344 Earnings Per Common Share: Basic $ 1.24 $ 0.25 $ 0.20 $ 0.21 Diluted $ 1.24 $ 0.25 $ 0.20 n/a Weighted Average Common Shares Outstanding Basic 6,415,049 6,411,766 6,408,167 6,402,332 Diluted 6,415,207 6,411,804 6,408,167 n/a 2015 4 th 3 rd 2 nd 1 st (Dollars in thousands, except per share data) Total Interest and Dividend Income 5,344 $ 5,139 $ 5,166 $ 4,813 Total Interest Expense 1,365 1,301 1,330 1,252 Net Interest Income 3,979 3,838 3,836 3,561 Provision for Loan Losses — — — 90 Total Other Income 639 640 745 511 Total Other Expenses 3,454 3,273 3,573 3,661 Income before income tax benefit 1,164 1,205 1,008 321 Income tax benefit (341 ) 882 (1,081 ) 430 Net Income $ 1,505 $ 323 $ 2,089 $ 751 Earnings Per Common Share: Basic $ 0.23 $ 0.05 $ 0.33 $ 0.12 Diluted n/a n/a n/a n/a Weighted Average Common Shares Outstanding Basic 6,398,720 6,395,126 6,391,521 6,387,932 Diluted n/a n/a n/a n/a

Summary of Significant Accoun29

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Sep. 30, 2016
Accounting Policies [Abstract]
Basis of Presentation and Consolidation	Basis of Presentation and Consolidation The consolidated financial statements at and for the years ended September 30, 2016, 2015 and 2014 include the accounts of Malvern Bancorp, Inc. and its subsidiaries. All significant intercompany transactions and balances have been eliminated
Use of Estimates	Use of Estimates The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of income and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses and the valuation of deferred tax assets.
Significant Group Concentrations of Credit Risk	Significant Group Concentrations of Credit Risk Most of the Company’s activities are with customers located within Chester County, Pennsylvania. In addition to Chester County, our lending efforts are focused in neighboring Bucks County, Montgomery County and Delaware County, which are also in southeastern Pennsylvania, New Jersey and the New York metropolitan marketplace. Note 5 discusses the types of investment securities that the Company invests in. Note 6 discusses the types of lending that the Company engages in. The Company does not have any significant concentrations to any one industry or customer. Although the Company has a diversified portfolio, its debtors ability to honor their contracts is influenced by, among other factors, the region’s economy.
Cash and Cash Equivalents	Cash and Cash Equivalents For purposes of reporting cash flows, cash and cash equivalents include cash on hand, amounts due from depository institutions and interest bearing deposits. The Company maintains cash deposits in other depository institutions that occasionally exceed the amount of deposit insurance available. Management periodically assesses the financial condition of these institutions and believes that the risk of any possible credit loss is minimal. The Company is required to maintain average reserve balances in vault cash with the Federal Reserve Bank based upon outstanding balances of deposit transaction accounts. Based upon the Company’s outstanding transaction deposit balances, the Bank maintained a deposit account with the Federal Reserve Bank of Philadelphia in the amount of $4.8 million and $3.7 million at September 30, 2016 and 2015, respectively.
Investment Securities	Investment Securities Held-to-maturity (“HTM”) are securities that includes debt securities that the Company has the positive intent and the ability to hold to maturity. These securities are reported at amortized cost and adjusted for unamortized premiums and discounts. Securities held for trading are securities that are bought and held principally for the purpose of selling in the near term; these securities are reported at fair value, with unrealized gains and losses reported in current earnings. At September 30, 2016 and 2015, the Company had no investment securities classified as trading. Debt securities that will be held for indefinite periods of time and equity securities, including securities that may be sold in response to changes in market interest or prepayment rates, needs for liquidity and changes in the availability of and the yield of alternative investments, are classified as available for sale. Realized gains and losses are recorded on the trade date and are determined using the specific identification method. Securities held as available for sale are reported at fair value, with unrealized gains and losses, net of tax, reported as a component of accumulated other comprehensive income (“AOCI”). Management determines the appropriate classification of investment securities at the time of purchase. Securities are evaluated on a quarterly basis, and more frequently when market conditions warrant such an evaluation, to determine whether declines in their value are other-than-temporary. To determine whether a loss in value is other-than-temporary, management utilizes criteria such as the reasons underlying the decline, the magnitude and duration of the decline and whether or not management intends to sell or expects that it is more likely than not that it will be required to sell the security prior to an anticipated recovery of the fair value. The term “other-than-temporary” is not intended to indicate that the decline is permanent, but indicates that the prospects for a near-term recovery of value is not necessarily favorable, or that there is a lack of evidence to support a realizable value equal to or greater than the carrying value of the investment. Once a decline in value for a debt security is determined to be other-than-temporary, the other-than-temporary impairment is separated into (a) the amount of the total other-than-temporary impairment related to a decrease in cash flows expected to be collected from the debt security (the credit loss) and (b) the amount of the total other-than-temporary impairment related to all other factors. The amount of the total other-than-temporary impairment related to the credit loss is recognized in earnings. The amount of the total other-than-temporary impairment related to all other factors is recognized in other comprehensive income.
Loans Receivable	Loans Receivable The Company, through the Bank, grants mortgage, construction, commercial and consumer loans to customers. Substantially all of our loans are to individuals, businesses and real estate developers in Chester County, Pennsylvania and neighboring areas in southern Pennsylvania, New Jersey and the New York metropolitan marketplace. The ability of the Company’s debtors to honor their contracts is dependent upon, among other factors, the real estate and general economic conditions in this area. Loans receivable that management has the intent and ability to hold until maturity or payoff are stated at their outstanding unpaid principal balances, net of an allowance for loan losses and any deferred fees and costs. Interest income is accrued on the unpaid principal balance. Loan origination fees and costs are deferred and recognized as an adjustment of the yield (interest income) of the related loans using the interest method. The Company is amortizing these amounts over the contractual lives of the loans. The loans receivable portfolio is segmented into residential loans, construction and development loans, commercial loans and consumer loans. The residential loan segment has one class, one- to four-family first lien residential mortgage loans. The construction and development loan segment consists of the following classes: residential and commercial and land loans. Residential construction loans are made for the acquisition of and/or construction on a lot or lots on which a residential dwelling is to be built. Commercial construction loans are made for the purpose of acquiring, developing and constructing a commercial structure. The commercial loan segment consists of the following classes: commercial real estate loans, multi-family real estate loans, and other commercial loans, which are also generally known as commercial and industrial loans or commercial business loans. The consumer loan segment consists of the following classes: home equity lines of credit, second mortgage loans and other consumer loans, primarily unsecured consumer lines of credit. For all classes of loans receivable, the accrual of interest is discontinued when the contractual payment of principal or interest has become 90 days past due or management has serious doubts about further collection of principal or interest, even though the loan is currently performing. A loan may remain on accrual status if it is in the process of collection and is either guaranteed or well secured. When a loan is placed on nonaccrual status, unpaid interest credited to income in the current year is reversed and unpaid interest accrued in prior years is charged against the allowance for loan losses. Interest received on nonaccrual loans, including impaired loans, generally is either applied against principal or reported as interest income, according to management’s judgment as to the collectability of principal. Generally, loans are restored to accrual status when the obligation is brought current, has performed in accordance with the contractual terms for a reasonable period of time (generally six months) and the ultimate collectability of the total contractual principal and interest is no longer in doubt. The past due status of all classes of loans receivable is determined based on contractual due dates for loan payments. In addition to originating loans, the Company purchases consumer and mortgage loans from brokers in our market area. Such purchases are reviewed for compliance with our underwriting criteria before they are purchased, and are generally purchased without recourse to the seller. Premiums and discounts on purchased loans are amortized as adjustments to interest income using the effective yield method.
Allowance for Loan Losses	Allowance for Loan Losses The allowance for credit losses consists of the allowance for loan losses and the reserve for unfunded lending commitments. The allowance for loan losses represents management’s estimate of losses inherent in the loan portfolio as of the consolidated statement of financial condition date and is recorded as a reduction to loans. Reserves for unfunded lending commitments represent management’s estimate of losses inherent in its unfunded loan commitments and is recorded in other liabilities on the consolidated statement of financial condition. The allowance for loan losses (“ALLL”) is increased by the provision for loan losses and decreased by charge-offs, net of recoveries. Loans deemed to be uncollectible are charged against the allowance for loan losses, and subsequent recoveries, if any, are credited to the allowance. All, or part, of the principal balance of loans receivable are charged off to the allowance as soon as it is determined that the repayment or collateral recovery of all, or part, of the principal balance is highly unlikely. Non-residential consumer loans are generally charged off no later than when they become 120 days past due on a contractual basis or earlier in the event of the borrower’s bankruptcy or if there is an amount deemed uncollectible. Because all identified losses are immediately charged off, no portion of the allowance for loan losses is restricted to any individual loan or groups of loans, and the entire allowance is available to absorb any and all loan losses. The allowance for credit losses is maintained at a level considered adequate to provide for losses that can be reasonably estimated. Management performs a quarterly evaluation of the adequacy of the allowance. The allowance is based on the Company’s past loan loss experience, known and inherent risks in the portfolio, adverse situations that may affect the borrower’s ability to repay, the estimated value of any underlying collateral, the composition of the loan portfolio, current economic conditions and other relevant factors. This evaluation is inherently subjective as it requires material estimates that may be susceptible to significant revision as more information becomes available. The allowance consists of specific, general and unallocated components. The specific component relates to loans that are classified as impaired. For loans that are classified as impaired, a charge-off is recognized when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan. The general component covers pools of loans by loan class that are not considered impaired. These pools of loans are evaluated for loss exposure based upon historical loss rates for each of these classes of loans, as adjusted for qualitative factors. These qualitative risk factors include: 1. Lending policies and procedures, including underwriting standards and collection, charge-off, and recovery practices. 2. National, regional, and local economic and business conditions as well as the condition of various market segments, including the value of underlying collateral for collateral dependent loans. 3. The nature and volume of the loan portfolio and terms of loans. 4. The experience, ability, and depth of lending management and staff. 5. The volume and severity of past due, classified and nonaccrual loans as well as any other loan modifications. 6. The quality of the Company’s loan review system, and the degree of oversight by the Company’s Board of Directors. 7. The existence and effect of any concentrations of credit and changes in the level of such concentrations. 8. Value of underlying collateral. The qualitative factors are applied to the historical loss rates for each class of loan. In addition, while not reported as a separate factor, changes in the value of underlying collateral (for regional property values) for collateral dependent loans is considered and addressed within the economic trends factor. A quarterly calculation is made adjusting the reserve allocation for each factor within a risk weighted range as it relates to each particular loan type, collateral type and risk rating within each segment. Data is gathered and evaluated through internal, regulatory, and government sources quarterly for each factor. An unallocated component is maintained to cover uncertainties that could affect management’s estimate of probable losses. The unallocated component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating specific and general losses in the portfolio. In addition, the allowance calculation methodology includes further segregation of loan classes into risk rating categories. The borrower’s overall financial condition, repayment sources, guarantors and value of collateral, if appropriate, are evaluated annually for commercial loans or when credit deficiencies arise, such as delinquent loan payments, for commercial and consumer loans. Credit quality risk ratings include categories of “pass,” “special mention,” “substandard” and “doubtful.” Assets classified as “Pass” are those protected by the current net worth and paying capacity of the obligor or by the value of the underlying collateral. Assets which do not currently expose the insured institution to sufficient risk to warrant classification as substandard or doubtful but possess certain identified weaknesses are required to be designated “special mention.” If uncorrected, the potential weaknesses may result in deterioration of the repayment prospects. An asset is considered “substandard” if it is inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. “Substandard” assets include those characterized by the “distinct possibility” that the insured institution will sustain “some loss” if the deficiencies are not corrected. Assets classified as “doubtful” have all of the weaknesses inherent in those classified “substandard” with the added characteristic that the weaknesses present make “collection or liquidation in full,” on the basis of currently existing facts, conditions, and values, “highly questionable and improbable.” Residential Lending. We underwrite one- to four-family residential mortgage loans with loan-to-value ratios of up to 95%, provided that the borrower obtains private mortgage insurance on loans that exceed 80% of the appraised value or sales price, whichever is less, of the secured property. We also require that title insurance, hazard insurance and, if appropriate, flood insurance be maintained on all properties securing real estate loans. We require that a licensed appraiser from our list of approved appraisers perform and submit to us an appraisal on all properties secured by a first mortgage on one- to four-family first mortgage loans. In underwriting one- to four-family residential mortgage loans, the Company evaluates both the borrower’s ability to make monthly payments and the value of the property securing the loan. Most properties securing real estate loans made by the Company are appraised by independent fee appraisers approved by the Board of Directors. The Company generally requires borrowers to obtain an attorney’s title opinion or title insurance, and fire and property insurance (including flood insurance, if necessary) in an amount not less than the amount of the loan. Real estate loans originated by the Company generally contain a “due on sale” clause allowing the Company to declare the unpaid principal balance due and payable upon the sale of the security property. The Company has not engaged in sub-prime residential mortgage loan originations. Our single-family residential mortgage loans generally are underwritten on terms and documentation conforming to guidelines issued by Freddie Mac and Fannie Mae. Construction and Development Lending. Construction and development loans generally are considered to involve a higher level of risk than one-to four-family residential lending, due to the concentration of principal in a limited number of loans and borrowers and the effect of economic conditions on developers, builders and projects. Additional risk is also associated with construction lending because of the inherent difficulty in estimating both a property’s value at completion and the estimated cost (including interest) to complete a project. The nature of these loans is such that they are more difficult to evaluate and monitor. In addition, speculative construction loans to a builder are not pre-sold and thus pose a greater potential risk than construction loans to individuals on their personal residences. In order to mitigate some of the risks inherent in construction lending, we inspect properties under construction, review construction progress prior to advancing funds, work with builders with whom we have established relationships, require annual updating of tax returns and other financial data of developers and obtain personal guarantees from the principals. Commercial Lending. Most of the Company’s commercial business loans have been extended to finance local and regional businesses and include short-term loans to finance machinery and equipment purchases, inventory and accounts receivable. The commercial business loans which we originate may be either a revolving line of credit or for a fixed term of generally 10 years or less. Interest rates are adjustable, indexed to a published prime rate of interest, or fixed. Generally, equipment, machinery, real property or other corporate assets secure such loans. Personal guarantees from the business principals are generally obtained as additional collateral. Consumer Lending. Consumer loans may entail greater credit risk than do residential mortgage loans, particularly in the case of consumer loans which are unsecured or are secured by rapidly depreciable assets, such as automobiles or recreational equipment. In such cases, any repossessed collateral for a defaulted consumer loan may not provide an adequate source of repayment of the outstanding loan balance as a result of the greater likelihood of damage, loss or depreciation. In addition, consumer loan collections are dependent on the borrower’s continuing financial stability, and thus are more likely to be affected by adverse personal circumstances. Furthermore, the application of various federal and state laws, including bankruptcy and insolvency laws, may limit the amount which can be recovered on such loans. Once all factor adjustments are applied, general reserve allocations for each segment are calculated, summarized and reported on the ALLL summary. ALLL final schedules, calculations and the resulting evaluation process are reviewed quarterly. In addition, Federal bank regulatory agencies, as an integral part of their examination process, periodically review the Company’s allowance for loan losses and may require the Company to recognize additions to the allowance based on their judgments about information available to them at the time of their examination. Based on management’s comprehensive analysis of the loan portfolio, management believes the current level of the allowance for loan losses is adequate. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record and the amount of the shortfall in relation to the principal and interest owed. An allowance for loan losses is established for an impaired loan if its carrying value exceeds its estimated fair value. The estimated fair values of substantially all of the Company’s impaired loans are measured based on the estimated fair value of the loan’s collateral. For commercial loans secured by real estate, estimated fair values are determined primarily through third-party appraisals. When a real estate secured loan becomes impaired, a decision is made regarding whether an updated appraisal of the real estate is necessary. This decision is based on various considerations, including the age of the most recent appraisal, the loan-to-value ratio based on the original appraisal and the condition of the property. Appraised values are discounted to arrive at the estimated selling price of the collateral, which is considered to be the estimated fair value. The discounts also include estimated costs to sell the property. For commercial and industrial loans secured by non-real estate collateral, such as accounts receivable, inventory and equipment, estimated fair values are determined based on the borrower’s financial statements, inventory reports, accounts receivable aging or equipment appraisals or invoices. Indications of value from these sources are generally discounted based on the age of the financial information or the quality of the assets.
Troubled Debt Restructurings	Troubled Debt Restructurings Loans whose terms are modified are classified as troubled debt restructurings if the Company grants such borrowers concessions and it is deemed that those borrowers are experiencing financial difficulty. Concessions granted under a troubled debt restructuring may be modified by means of extending the maturity date of the loan, reducing the interest rate on the loan to a rate which is below market, a combination of rate adjustments and maturity extensions, or by other means including covenant modifications, forbearances or other concessions. However, the Company generally only restructures loans by modifying the payment structure to interest only or by reducing the actual interest rate. We do not accrue interest on loans that were non-accrual prior to the troubled debt restructuring until they have performed in accordance with their restructured terms for a period of at least six months. We continue to accrue interest on troubled debt restructurings which were performing in accordance with their terms prior to the restructure and continue to perform in accordance with their restructured terms. Management evaluates the ALLL with respect to TDRs under the same policy and guidelines as all other performing loans are evaluated with respect to the ALLL.
Loan Servicing	Loan Servicing Servicing assets are recognized as separate assets when rights are acquired through purchase or through sale of financial assets. For sales of mortgage loans, a portion of the cost of originating the loan is allocated to the servicing right based on relative fair value. Fair value is based on market prices for comparable mortgage servicing contracts, when available, or alternatively is based on a valuation model that calculates the present value of estimated future net servicing income. The valuation model incorporates assumptions that market participants would use in estimating future net servicing income, such as the cost to service, the discount rate, the custodial earnings rate, an inflation rate, ancillary income, prepayment speeds and default rates and losses. Capitalized servicing rights are reported in other assets and are amortized into other expense in proportion to, and over the period of, the estimated future net servicing income of the underlying financial assets. Servicing assets are evaluated for impairment based upon the fair value of the rights as compared to amortized cost. Impairment is determined by stratifying rights into tranches based on predominant risk characteristics, such as interest rate, loan type and investor type. Impairment is recognized through a valuation allowance for an individual tranche, to the extent that fair value is less than the capitalized amount for the tranche. If the Company later determines that all or a portion of the impairment no longer exists for a particular tranche, a reduction of the allowance may be recorded as an increase to income. The Company also sells loans in the secondary market with serving released.
Other Real Estate Owned	Other Real Estate Owned Assets acquired through, or in lieu of, loan foreclosure are held for sale and are initially recorded at fair value at the date of foreclosure, establishing a new cost basis. Subsequent to foreclosure, valuations are periodically performed by management and the assets are carried at the lower of the previously established carrying amount or fair value less cost to sell. Revenue and expenses from operations and changes in the valuation allowance are included in other expenses from other real estate owned.
Restricted Stock	Restricted Stock Restricted stock represents required investments in the common stock of a correspondent bank and is carried at cost. As of September 30, 2016, restricted stock consists of the common stock of the Federal Home Loan Bank of Pittsburgh (“FHLB”) and Atlantic Community Bankers Bank (“ACBB”). As of September 30, 2015, restricted stock consists solely of the common stock of the Federal Home Loan Bank of Pittsburgh (“FHLB”). Management’s evaluation and determination of whether these investments are impaired is based on their assessment of the ultimate recoverability of their cost rather than by recognizing temporary declines in value. The determination of whether a decline affects the ultimate recoverability of an investment’s cost is influenced by criteria such as (1) the significance of the decline in net assets of the FHLB as compared to the capital stock amount for the FHLB and the length of time this situation has persisted, (2) commitments by the FHLB to make payments required by law or regulation and the level of such payments in relation to the operating performance of the FHLB, and (3) the impact of legislative and regulatory changes on institutions and, accordingly, on the customer base of the FHLB. During the years ended September 30, 2016 and 2015, there were net repurchases of restricted stock of $659,000 and $1.3 million, respectively. Also as of September 30, 2016 and 2015 the number of FHLB shares was 53,441 and 47,651, respectively. There were approximately $250,000, $311,000 and $123,000 of dividends on FHLB stock received or recognized in income for fiscal years 2016, 2015 and 2014, respectively.
Property and Equipment	Property and Equipment Property and equipment is carried at cost. Depreciation is computed using the straight-line and accelerated methods over estimated useful lives ranging from 3 to 39 years beginning when assets are placed in service. When assets are retired or otherwise disposed of, the cost and related accumulated depreciation are removed from the accounts and any gain or loss is reflected in income for the period. The cost of maintenance and repairs is charged to income as incurred.
Transfers of Financial Assets	Transfers of Financial Assets Transfers of financial assets are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and (3) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity.
Bank-Owned Life Insurance	Bank-Owned Life Insurance The Company invests in bank owned life insurance (“BOLI”) as a source of funding for employee benefit expenses. BOLI involves the purchasing of life insurance by the Bank on a chosen group of employees. The Bank is the owner and beneficiary of the policies. This life insurance investment is carried at the cash surrender value of the underlying policies. Earnings from the increase in cash surrender value of the policies are included in other income on the statement of operations.
Employee Benefit Plans	Employee Benefit Plans The Bank’s 401(k) plan allows eligible participants to set aside a certain percentage of their salaries before taxes. The Company may elect to match employee contributions up to a specified percentage of their respective salaries in an amount determined annually by the Board of Directors. The Company’s matching contribution related to the plan resulted in expenses of $90,000, $64,000, and $118,000, for fiscal 2016, 2015, and 2014, respectively. There were no bonus matching contributions for fiscal years 2016, 2015 or 2014. The Company also maintains an unfunded Supplemental Executive and a Director Retirement Plan (the “Plans”). The accrued amount for the Plans included in other liabilities was $1.1 million and $1.2 million at September 30, 2016 and 2015, respectively. Distributions made to directors for the fiscal year 2016 and 2015 were approximately $4,000 and $13,000, respectively. The (benefit)/expense associated with the Plans for the years ended September 30, 2016, 2015, and 2014 was $11,000, ($24,000), and $78,000, respectively. At fiscal 2015, the benefit associated with the Plans was due to the Plan being frozen at September 30, 2014 and the Company had to credit fiscal 2015 accruals for the first quarter of fiscal 2015.
Derivatives and Hedging	Derivatives and Hedging The Company records cash flow hedges at the inception of the derivative contract based on the Company’s intentions and belief as to likely effectiveness as a hedge. The Company documents the strategy for entering into the transactions and the method of assessing ongoing effectiveness. Cash flow hedges represent a hedge of a forecasted transaction or the variability of cash flows to be received or paid related to a recognized asset or liability. For a cash flow hedge, the gain or loss on the derivative is reported in other comprehensive income and is reclassified into earnings in the same periods during which the hedged transaction affects earnings. The changes in the fair value of derivatives that are not highly effective in hedging the changes in fair value or expected cash flows of the hedged item are recognized immediately in current earnings. Changes in the fair value of derivatives that do not qualify for hedge accounting are reported currently in earnings, as noninterest income. Net cash settlements on derivatives that qualify for hedge accounting are recorded in interest income or interest expense, based on the item being hedged. Net cash settlements on derivatives that do not qualify for hedge accounting are reported in noninterest income. Cash flows on hedges are classified in the cash flow statement the same as the cash flows of the items being hedged. To determine fair value, the Company uses third party pricing models that incorporate assumptions about market conditions and risks that are current at the reporting date. The Company does not use derivative instruments for speculative purposes. The Company also formally assesses, both at the hedge’s inception and on an ongoing basis, whether the derivative instruments that are used are highly effective in offsetting changes in fair values or cash flows of the hedged items. The Company discontinues hedge accounting when it determines that the derivative is no longer effective in offsetting changes in the fair value or cash flows of the hedged item, the derivative is settled or terminates, a hedged forecasted transaction is no longer probable, a hedged firm commitment is no longer firm, or treatment of the derivative as a hedge is no longer appropriate or intended. When hedge accounting is discontinued, subsequent changes in fair value of the derivative are recorded as noninterest income. When a cash flow hedge is discontinued but the hedged cash flows or forecasted transactions are still expected to occur, gains or losses that were accumulated in other comprehensive income are amortized into earnings over the same periods which the hedged transactions will affect earnings.
Advertising Costs	Advertising Costs The Company follows the policy of charging the costs of advertising to expense as incurred.
Income Taxes	Income Taxes Deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. These calculations are based on many complex factors including estimates of the timing of reversals of temporary differences, the interpretation of federal income tax laws and a determination of the differences between the tax and the financial reporting basis of assets and liabilities. Actual results could differ significantly from the estimates and interpretations used in determining the current and deferred income tax assets and liabilities. A valuation allowance is required to be recognized if it is “more likely than not” that a portion of the deferred tax assets will not be realized. The Company’s policy is to evaluate the deferred tax asset on a quarterly basis and record a valuation allowance for our deferred tax asset if we do not have sufficient positive evidence indicating that it is more likely than not that some or all of the deferred tax asset will be realized. The Company’s policy is to account for interest and penalties as components of income tax expense.
Commitments and Contingencies	Commitments and Contingencies In the ordinary course of business, the Company has entered into off-balance sheet financial instruments consisting of commitments to extend credit and standby letters of credit. Such financial instruments are recorded in the statement of financial condition when they are funded.
Segment Information	Segment Information The Company has one reportable segment, “Community Banking.” All of the Company’s activities are interrelated, and each activity is dependent and assessed based on how each of the activities of the Company supports the others. For example, lending is dependent upon the ability of the Company to fund itself with deposits and other borrowings and manage interest rate and credit risk. Accordingly, all significant operating decisions are based upon analysis of the Company as one segment or unit.
Comprehensive Income	Comprehensive Income Accounting principles generally require that recognized revenue, expenses, gains and losses be included in net income. Although certain changes in assets and liabilities, such as unrealized gains and losses on available for sale investment securities, are reported as a separate component of the shareholders’ equity section of the statement of financial condition, such items, along with net income, are components of comprehensive income. For securities transferred from available for sale to held to maturity, the Company records the amortization and/or accretion of unrealized holding losses on such investment securities, in accumulated other comprehensive income. The Company also records changes in the fair value of interest rate derivatives used in its cash flow hedging activities, net of deferred income tax, in accumulated other comprehensive income.
Reclassifications	Reclassifications Certain reclassifications have been made to the previous years’ consolidated financial statements to conform to the current year’s presentation. These reclassifications had no effect on the Company’s results of operations.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In October 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“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 does not expect the adoption of this guidance to have a material impact on its consolidated financial statements. In August 2016, the FASB issued ASU No. 2016-15, “Statement of Cash Flows (Topic 230)”. The ASU is intended to reduce the diversity in practice around how certain transactions are classified within the statement of cash flows. For public companies, this update will be effective for interim and annual 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 June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.” The ASU requires an organization to measure all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. Many of the loss estimation techniques applied today will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses. Organizations will continue to use judgment to determine which loss estimation method is appropriate for their circumstances. Additionally, the ASU amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. For public companies, this update will be effective for interim and annual periods beginning after December 15, 2019. The Company has not yet determined the impact the adoption of ASU 2016-13 will have on the consolidated financial statements and related disclosures. 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, with early adoption permitted for interim and annual reporting periods beginning after December 15, 2016. 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, with early adoption permitted for interim and annual reporting periods beginning after December 15, 2016. The Company does not expect the adoption of this guidance to have a material impact on its consolidated financial statements. In March 2016, the FASB issued ASU No. 2016-09, “Compensation - Stock Compensation (Topic 718): Improvements to Employee share-Based Payment Accounting.” The new guidance simplifies certain aspects related to income taxes, statement of cash flows, and forfeitures when accounting for share-based payment transactions. This new guidance will be effective for the Company for the first reporting period beginning after December 15, 2016, with earlier adoption permitted. Certain of the amendments related to timing of the recognition of tax benefits and tax withholding requirements should be applied using a modified retrospective transition method. Amendments related to the presentation of the statement of cash flows should be applied retrospectively. All other provisions may be applied on a prospective or modified retrospective basis. The Company 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 is currently evaluating the effect that the standard will have on its consolidated financial statements and related disclosures. In January 2016, the FASB issued ASU No. 2016-01, “Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities.” The new guidance is intended to improve the recognition and measurement of financial instruments. The ASU affects public and private companies, not-for-profit organizations, and employee benefit plans that hold financial assets or owe financial liabilities. ASU No. 2016-01 is effective for interim and annual reporting periods beginning after December 15, 2017. The Company is currently evaluating the effect that the standard will have on its consolidated financial statements and related disclosures. In November 2015, the FASB issued ASU No. 2015-17, “Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes.” The FASB is issuing the amendments in this Update as part of its initiative to reduce complexity in accounting standards (the Simplification Initiative). The objective of the Simplification Initiative is to identify, evaluate, and improve areas of generally accepted accounting principles (“GAAP”) for which cost and complexity can be reduced while maintaining or improving the usefulness of the information provided to users of financial statements. To simplify the presentation of deferred income taxes, the amendments in this Update require that deferred tax liabilities and assets be classified as noncurrent in a classified statement of financial position. The amendments in this Update apply to all entities that present a classified statement of financial position. The current requirement that deferred tax liabilities and assets of a tax-paying component of an entity be offset and presented as a single amount is not affected by the amendments in this Update. ASU No. 2015-17 is effective for interim and annual reporting periods beginning after December 15, 2016. Early adoption is permitted, including adoption in an interim period. All other amendments will be effective upon the issuance of this Update. The Company has evaluated the standard and determined that it has no effect on the Company’s consolidated financial statements and related disclosures.

Correction of Error in Financ30

Correction of Error in Financial Statements (Tables)	12 Months Ended
	Sep. 30, 2016
Accounting Changes and Error Corrections [Abstract]
Schedule of the effect of the restatement on certain key items of the Original Financial Statements	The following tables summarize the effect of the restatement on certain key items of the Original Financial Statements: Item 8: Financial Statement- Balance Sheet For Year Ended September 30, 2014 2015 2016 Original Restated Change Original Restated Change Original Restated Change Other liabilities $ 2,604 $ 2,216 $ (388 ) $ 3,575 $ 2,217 $ (1,358 ) $ 4,549 $ 2,983 $ (1,566 ) Total Liabilities 465,492 465,104 (388 ) 574,299 572,941 (1,358 ) 726,681 725,115 (1,566 ) Total Shareholders’ Equity 76,772 77,160 388 81,391 82,749 1,358 94,591 96,157 1,566 Item 8: Financial Statement- Income Statement For Year Ended September 30, 2014 2015 2016 Original Restated Change Original Restated Change Original Restated Change Income tax (expense) benefit $ (21 ) $ 367 $ 388 $ — $ 970 $ 970 $ 5,966 $ 6,174 $ 208 Net Income (Loss) 323 711 3 88 3,698 4,668 970 11,942 12,150 208 Basic Earnings Per Share 0.05 0.11 0.06 0.58 0.73 0.15 1.86 1.90 0.04 Diluted Earnings Per Share n/a n/a n/a n/a n/a n/a 1.86 1.90 0.04 Item 8: Financial Statement - Comprehensive Income For Year Ended September 30, 2014 2015 2016 Original Restated Change Original Restated Change Original Restated Change Net Income (Loss) $ 323 $ 711 $ 388 $ 3,698 $ 4,668 $ 970 $ 11,942 $ 12,150 208 Total comprehensive Income 1,206 1,594 388 4,424 5,394 970 12,958 13,166 208 Item 8: Financial Statement - Changes in Shareholders Equity For Year Ended September 30, 2014 2015 2016 Original Restated Change Original Restated Change Original Restated Change Net Income – Retained Earnings $ 323 $ 711 $ 388 $ 3,698 $ 4,668 $ 970 $ 11,942 $ 12,150 $ 208 Net Income – Total Shareholders’ Equity 323 711 388 3,698 $ 4,668 970 $ 11,942 $ 12,150 208 Retained Earnings Balance at 20,116 20,504 (388 ) 23,814 25,172 (1,358 ) 35,756 37,322 (1,566 ) Total Shareholders’ Equity Balance at 76,772 77,160 (388 ) 81,391 82,749 (1,358 ) 94,591 96,157 (1,566 ) Item 8: Financial Statement - Cash Flows For Year Ended September 30, 2014 2015 2016 Original Restated Change Original Restated Change Original Restated Change Net Income (Loss) $ 323 $ 711 $ 388 $ 3,698 $ 4,668 $ 970 $ 11,942 $ 12,150 $ 208 Increase in other liabilities 309 21 388 1,319 349 970 974 766 208

Earnings (Loss) Per Share (Tabl

Earnings (Loss) Per Share (Tables)	12 Months Ended
	Sep. 30, 2016
Earnings Per Common Share:
Schedule of composition of weighted average shares (denominator) used in earnings per share computations	The following table sets forth the composition of the weighted average shares (denominator) used in the earnings per share computations. Year Ended September 30, (In thousands, except for share data) 2016 2015 2014 Net Income $ 12,150 $ 4,668 $ 711 Weighted average shares outstanding 6,560,012 6,558,473 6,558,473 Average unearned ESOP shares (150,747 ) (165,143 ) (179,543 ) Basic weighted average shares outstanding 6,409,265 6,393,330 6,378,930 Plus: effect of dilutive options 60 - - Diluted weighted average common shares outstanding 6,409,325 6,393,330 6,378,930 Earnings per share: Basic $ 1.90 $ 0.73 $ 0.11 Diluted $ 1.90 n/a n/a

Investment Securities (Tables)

Investment Securities (Tables)	12 Months Ended
	Sep. 30, 2016
Investments, Debt and Equity Securities [Abstract]
Schedule of Investment securities	The following tables present information related to the Company’s investment securities at September 30, 2016 and 2015. September 30, 2016 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (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 September 30, 2015 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In thousands) Investment Securities Available-for-Sale: U.S. government agencies $ 816 $ — $ (1 ) $ 815 State and municipal obligations 42,007 192 (116 ) 42,083 Single issuer trust preferred security 1,000 — (150 ) 850 Corporate debt securities 70,874 34 (926 ) 69,982 114,697 226 (1,193 ) 113,730 Mortgage-backed securities: Federal National Mortgage Association (FNMA), fixed-rate 8,797 — (105 ) 8,692 Federal Home Loan Mortgage Company (FHLMC), fixed-rate 5,986 — (54 ) 5,932 14,783 — (159 ) 14,624 Total $ 129,480 $ 226 $ (1,352 ) $ 128,354 Investment Securities Held-to-Maturity: U.S. government agencies $ 14,301 $ 8 $ (13 ) $ 14,296 State and municipal obligations 10,075 23 (75 ) 10,023 Corporate debt securities 4,011 — (55 ) 3,956 Mortgage-backed securities: Collateralized mortgage obligations, fixed-rate 28,834 55 (339 ) 28,550 Total $ 57,221 $ 86 $ (482 ) $ 56,825 Total investment securities $ 186,701 $ 312 $ (1,834 ) $ 185,179
Schedule of aggregate investments in an unrealized loss position	The following tables indicate gross unrealized losses not recognized in income and fair value, aggregated by investment category and the length of time individual securities have been in a continuous unrealized loss position at September 30, 2016 and 2015. September 30, 2016 Less than 12 Months More than 12 Months 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 ) September 30, 2015 Less than 12 Months More than 12 Months Total Fair Unrealized Fair Unrealized Fair Unrealized (In thousands) Investment Securities Available-for-Sale: U.S. government agencies $ — $ — $ 815 $ (1 ) $ 815 $ (1 ) State and municipal obligations 18,223 (116 ) — — 18,223 (116 ) Single issuer trust preferred security — — 850 (150 ) 850 (150 ) Corporate debt securities 58,064 (926 ) — — 58,064 (926 ) Mortgage-backed securities: FNMA, fixed-rate 5,459 (53 ) 3,233 (52 ) 8,692 (105 ) FHLMC, fixed-rate 3,280 (25 ) 2,652 (29 ) 5,932 (54 ) Total $ 85,026 $ (1,120 ) $ 7,550 $ (232 ) $ 92,576 $ (1,352 ) Investment Securities Held-to-Maturity: U.S. government agencies 4,792 (13 ) — — 4,792 (13 ) State and municipal obligations 6,917 (75 ) — — 6,917 (75 ) Corporate debt securities 3,957 (55 ) — — 3,957 (55 ) Mortgage-backed securities: CMO, fixed-rate 22,734 (339 ) — — 22,734 (339 ) Total 38,400 (482 ) — — 38,400 (482 ) Total investment securities $ 123,426 $ (1,602 ) $ 7,550 $ (232 ) $ 130,976 $ (1,834 )
Schedule of amortized cost and fair value of debt securities by contractual maturity	The following table presents information for investment securities at September 30, 2016, based on scheduled maturities. Actual maturities can be expected to differ from scheduled maturities due to prepayment or early call options of the issuer. September 30, 2016 Amortized Cost Fair Value (In thousands) Investment Securities Available-for-Sale: Due in one year or less $ — $ — Due after one year through five years 24,464 24,718 Due after five years through ten years 31,166 31,277 Due after ten years 10,310 10,392 Total $ 65,940 $ 66,387 Investment Securities Held-to-Maturity: Due after one year through five years $ 2,999 $ 3,015 Due after five years through ten years 5,128 5,291 Due after ten years 32,424 32,511 Total $ 40,551 $ 40,817 Total investment securities $ 106,491 $ 107,204

Loans Receivable and Related 33

Loans Receivable and Related Allowance for Loan Losses (Tables)	12 Months Ended
	Sep. 30, 2016
Receivables [Abstract]
Schedule of loans receivable	Loans receivable in the Company’s portfolio consisted of the following at the dates indicated: September 30, 2016 2015 (In thousands) Residential mortgage $ 209,186 $ 214,958 Construction and Development: Residential and commercial 18,579 5,677 Land 10,013 2,142 Total Construction and Development 28,592 7,819 Commercial: Commercial real estate 231,439 87,686 Multi-family 19,515 7,444 Other 38,779 13,380 Total Commercial 289,733 108,510 Consumer: Home equity lines of credit 19,757 22,919 Second mortgages 29,204 37,633 Other 1,914 2,359 Total Consumer 50,875 62,911 Total loans 578,386 394,198 Deferred loan fees and cost, net 1,208 1,776 Allowance for loan losses (5,434 ) (4,667 ) Total loans receivable, net $ 574,160 $ 391,307
Schedule of allowance for loan losses	The following table summarizes the primary classes of the allowance for loan losses, segregated into the amount required for loans individually evaluated for impairment and the amount required for loans collectively evaluated for impairment as of and for the years ended September 30, 2016, 2015 and 2014. Year Ended September 30, 2016 Construction and Commercial Consumer Residential Residential Land Commercial Multi- Other Home Second Other Unallocated Total (In thousands) Allowance for loan losses: Beginning balance $ 1,486 $ 30 $ 35 $ 1,235 $ 104 $ 108 $ 139 $ 761 $ 24 $ 745 $ 4,667 Charge-offs (9 ) (91 ) - (99 ) - - - (291 ) (70 ) - (560 ) Recoveries 17 243 - 3 - 3 1 100 13 - 380 Provision (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: individually evaluated for impairment $ - $ - $ - $ - $ - $ - $ - $ 23 $ - $ - $ 23 Ending balance: collectively evaluated for impairment $ 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: individually evaluated for impairment $ 1,159 $ 109 $ - $ 2,039 $ - $ - $ 74 $ 277 $ - $ 3,658 Ending balance: collectively evaluated for impairment $ 208,027 $ 18,470 $ 10,013 $ 229,400 $ 19,515 $ 38,779 $ 19,683 $ 28,927 $ 1,914 $ 574,728 Year Ended September 30, 2015 Construction and Commercial Consumer Residential Residential Land Commercial Multi- Other Home Second Other Unallocated Total (In thousands) Allowance for loan losses: Beginning balance $ 1,672 $ 291 $ 13 $ 1,248 $ 29 $ 50 $ 168 $ 1,033 $ 23 $ 62 $ 4,589 Charge-offs - (1 ) - (48 ) - - - (138 ) (34 ) - (221 ) Recoveries 17 98 - 9 - 3 2 69 11 - 209 Provision (203 ) (358 ) 22 26 75 55 (31 ) (203 ) 24 683 90 Ending Balance $ 1,486 $ 30 $ 35 $ 1,235 $ 104 $ 108 $ 139 $ 761 $ 24 $ 745 $ 4,667 Ending balance: individually evaluated for impairment $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Ending balance: collectively evaluated for impairment $ 1,486 $ 30 $ 35 $ 1,235 $ 104 $ 108 $ 139 $ 761 $ 24 $ 745 $ 4,667 Loans receivable: Ending balance $ 214,958 $ 5,677 $ 2,142 $ 87,686 $ 7,444 $ 13,380 $ 22,919 $ 37,633 $ 2,359 $ 394,198 Ending balance: individually evaluated for impairment $ 599 $ 121 $ - $ 1,571 $ - $ - $ 20 $ 179 $ - $ 2,490 Ending balance: collectively evaluated for impairment $ 214,359 $ 5,556 $ 2,142 $ 86,115 $ 7,444 $ 13,380 $ 22,899 $ 37,454 $ 2,359 $ 391,708 Year Ended September 30, 2014 Construction and Commercial Consumer Residential Residential Land Commercial Multi- Other Home Second Other Unallocated Total (In thousands) Allowance for loan losses: Beginning balance $ 1,414 $ 164 $ 56 $ 1,726 $ 40 $ 59 $ 137 $ 1,393 $ 22 $ 79 $ 5,090 Charge-offs (83 ) (37 ) - (183 ) - - (14 ) (618 ) (6 ) - (941 ) Recoveries 23 1 - 9 - 3 1 136 4 - 177 Provision 318 163 (43 ) (304 ) (11 ) (12 ) 44 122 3 (17 ) 263 Ending Balance $ 1,672 $ 291 $ 13 $ 1,248 $ 29 $ 50 $ 168 $ 1,033 $ 23 $ 62 $ 4,589 Ending balance: individually evaluated for impairment $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Ending balance: collectively evaluated for impairment $ 1,672 $ 291 $ 13 $ 1,248 $ 29 $ 50 $ 168 $ 1,033 $ 23 $ 62 $ 4,589 Loans receivable: Ending balance $ 231,324 $ 5,964 $ 1,033 $ 71,579 $ 1,032 $ 5,480 $ 22,292 $ 47,034 $ 2,839 $ 388,577 Ending balance: individually evaluated for impairment $ 999 $ 187 $ - $ 504 $ - $ 900 $ 115 $ 695 $ - $ 3,400 Ending balance: collectively evaluated for impairment $ 230,325 $ 5,777 $ 1,033 $ 71,075 $ 1,032 $ 4,580 $ 22,177 $ 46,339 $ 2,839 $ 385,177
Schedule of impaired loans	The following table presents impaired loans in portfolio by class, segregated by those for which a specific allowance was required and those for which a specific allowance was not necessary as of September 30, 2016 and 2015. Impaired Loans With Impaired Total Impaired Loans Recorded Related Recorded Recorded Unpaid (In thousands) 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 September 30, 2015: Residential mortgage $ — $ — $ 599 $ 599 $ 696 Construction and Development: Residential and commercial — — 121 121 253 Commercial: Commercial real estate — — 1,571 1,571 1,807 Consumer: Home equity lines of credit — — 20 20 36 Second mortgages — — 179 179 342 Total impaired loans $ — $ — $ 2,490 $ 2,490 $ 3,134
Schedule of average recorded investment in impaired loans and related interest income recognized	The following table presents the average recorded investment in impaired loans in portfolio and related interest income recognized year ended September 30, 2016, 2015 and 2014. Average Interest Income (In thousands) Year Ended September 30, 2016: Residential mortgages $ 707 $ — Construction and Development Residential and commercial 150 4 Commercial: Commercial real estate 1,646 69 Consumer: Home equity lines of credit 24 — Second mortgages 214 — Total $ 2,741 $ 73 Year Ended September 30, 2015: Residential mortgages $ 729 $ — Construction and Development: Residential and commercial 144 5 Commercial: Commercial real estate 690 4 Other 340 12 Consumer: Home equity lines of credit 23 — Second mortgages 537 — Total $ 2,463 $ 21 Year Ended September 30, 2014: Residential mortgages $ 1,731 $ — Construction and Development Residential and commercial 609 17 Land 240 14 Commercial: Commercial real estate 21 — Other 900 32 Consumer: Home equity lines of credit 104 — Second mortgages 622 — Total $ 4,227 $ 63
Schedule of classes of loan portfolio	The following table presents the classes of the loan portfolio summarized by loans considered to be rated as pass and the categories of special mention, substandard and doubtful within the Company’s internal risk rating system as of September 30, 2016 and 2015. 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 September 30, 2015 Pass Special Substandard Doubtful Total (In thousands) Residential mortgage $ 214,146 $ 130 $ 682 $ — $ 214,958 Construction and Development: Residential and commercial 5,450 106 121 — 5,677 Land 2,142 — — — 2,142 Commercial: Commercial real estate 78,207 4,791 4,688 — 87,686 Multi-family 7,166 278 — — 7,444 Other 12,387 272 721 — 13,380 Consumer: Home equity lines of credit 22,801 — 118 — 22,919 Second mortgages 36,834 133 666 — 37,633 Other 2,345 14 — — 2,359 Total $ 381,478 $ 5,724 $ 6,996 $ — $ 394,198
Schedule of loans that are no longer accruing interest by portfolio class	The following table presents loans on which we are no longer accruing interest by portfolio class at the dates indicated. September 30, 2016 2015 (In thousands) Residential mortgage $ 1,072 $ 599 Construction and Development: Residential and commercial — 12 Commercial: Commercial real estate 193 589 Consumer: Home equity lines of credit 74 20 Second mortgages 278 179 Total non-accrual loans $ 1,617 $ 1,399
Schedule of classes of loan portfolio summarized by aging categories	The following table presents the classes of the loan portfolio summarized by the aging categories as of September 30, 2016 and 2015. Current 30-59 60-89 90 Total Total Loans Accruing (in thousands) September 30, 2016: Residential mortgage $ 204,816 $ 1,750 $ 1,345 $ 1,275 $ 4,370 $ 209,186 $ 509 Construction and Development: Residential and commercial 18,579 — — — — 18,579 — Land 10,013 — — — — 10,013 — Commercial: Commercial real estate 231,059 — — 380 380 231,439 187 Multi-family 19,515 — — — — 19,515 — Other 38,433 346 — — 346 38,779 — Consumer: Home equity lines of credit 19,513 170 43 31 244 19,757 — Second mortgages 27,933 473 566 232 1,271 29,204 — Other 1,913 1 — — 1 1,914 — Total $ 571,774 $ 2,740 $ 1,954 $ 1,918 $ 6,612 $ 578,386 $ 696 Current 30 - 59 60 - 89 90 Days or Total Total Loans (in thousands) September 30, 2015: Residential mortgage $ 213,253 $ 913 $ 193 $ 599 $ 1,705 $ 214,958 Construction and Development: Residential and commercial 5,665 — — 12 12 5,677 Land 2,142 — — — — 2,142 Commercial: Commercial real estate 86,119 485 493 589 1,567 87,686 Multi-family 7,444 — — — — 7,444 Other 13,380 — — — — 13,380 Consumer: Home equity lines of credit 22,899 — — 20 20 22,919 Second mortgages 37,010 345 99 179 623 37,633 Other 2,329 30 — — 30 2,359 Total $ 390,241 $ 1,773 $ 785 $ 1,399 $ 3,957 $ 394,198
Schedule of TDR loans	Total Troubled Debt Troubled Debt Restructured Number of Recorded Number of Recorded (Dollars in thousands) 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 At September 30, 2015: Construction and Development: Residential and commercial 1 $ 109 — $ — Commercial: Commercial real estate 4 1,474 2 492 Total 5 $ 1,583 2 $ 492
Schedule of performing status of TDR loans	The following table reports the performing status of all TDR loans. The performing status is determined by the loan’s compliance with the modified terms. September 30, 2016 2015 Performing Non- Performing Non- (In thousands) Residential mortgage $ 85 $ 139 $ — $ — Construction and Development: Residential and commercial 109 — 109 — Commercial: Commercial real estate 1,845 — 982 492 Total $ 2,039 $ 139 $ 1,091 $ 492
Schedule of new TDR's	The following table shows the new TDR’s for the twelve months ended September 30, 2016 and 2015. September 30, 2016 2015 Restructured During Period Number Pre- Post- Number Pre- Post- (In thousands) Troubled Debt Restructurings: Residential mortgage 2 $ 245 $ 245 - $ - $ - Commercial: Commercial real estate 1 386 386 4 1,485 1,485 Total 3 $ 631 $ 631 4 $ 1,485 $ 1,485
Schedule of loans to principal officers, directors and their affiliates	The following table sets forth the aggregate dollar amount of loans to principal officers, directors and their affiliates in the normal course of business of the Company. Year Ended September 30, (In thousands) 2016 2015 Balance at beginning of year $ 5,635 $ 252 New loans 12,249 8,474 Repayments (9,892 ) (3,091 ) Balance at end of year $ 7,992 $ 5,635
Schedule of summary of mortgage servicing rights included in other assets and activity	A summary of mortgage servicing rights included in other assets and the activity therein follows for the periods indicated: September 30, 2016 2015 2014 (In thousands) Balance at beginning of year $ 401 $ 453 $ 271 Amortization (73 ) (82 ) 22 Addition — 30 160 Balance at end of year $ 328 $ 401 $ 453

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Sep. 30, 2016
Property, Plant and Equipment [Abstract]
Schedule of property and equipment, net	Property and equipment, net consisted of the following at September 30, 2016 and 2015: September 30, Estimated Useful Life (years) 2016 2015 (In thousands) Land - $ 711 $ 711 Building and improvements 10-39 11,400 11,124 Construction in process - 222 154 Furniture, fixtures and equipment 3-7 4,722 4,317 17,055 16,306 Accumulated depreciation (10,418 ) (9,771 ) $ 6,637 $ 6,535

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Sep. 30, 2016
Deposits:
Schedule of deposits classified by interest rates with percentages to total deposits	Deposits classified by interest rates with percentages to total deposits at September 30, 2016 and 2015 consisted of the following: September 30, 2016 2015 Amount Percent of Amount Percent of (Dollars in thousands) Balances by types of deposit: Savings $ 44,714 7.43 % $ 45,189 9.71 % Money market accounts 177,486 29.48 108,706 23.35 Interest bearing demand 95,041 15.78 82,897 17.81 Non-interest bearing demand 34,547 5.74 27,010 5.80 351,788 58.43 263,802 56.67 Certificates of deposit 250,258 41.57 201,720 43.33 Total $ 602,046 100.00 % $ 465,522 100.00 %
Schedule of interest expense on deposits	Interest expense on deposits consisted of the following for the years: September 30, 2016 2015 2014 (In thousands) Savings accounts $ 33 $ 29 $ 27 Money market accounts 874 271 164 Interest bearing demand 139 83 85 Certificates of deposit 3,491 3,048 3,693 Total deposits $ 4,537 $ 3,431 $ 3,969
Schedule of certificates of deposit maturities	The following is a schedule of certificates of deposit maturities. September 30, 2016 (In thousands) Maturing in the Fiscal Year Ending September 30, 2017 $ 150,614 2018 48,906 2019 16,981 2020 8,218 2021 16,551 Thereafter 8,988 $ 250,258

Borrowings (Tables)

Borrowings (Tables)	12 Months Ended
	Sep. 30, 2016
Debt Disclosure [Abstract]
Schedule of summary of long-term borrowings	The summary of long-term borrowings as of September 30, 2016 and 2015 are as follows: September 30, 2016 2015 Weighted Weighted Amount Rate Amount Rate (Dollars in thousands) Due by September 30: 2016 $ - - % $ 20,000 0.61 % 2017 35,000 0.22 - - 2018 - - 30,000 3.38 2019 55,000 1.62 25,000 2.12 2020 28,000 2.83 28,000 2.51 Total FHLB Advances $ 118,000 1.65 % $ 103,000 2.48 %

Derivatives (Tables)

Derivatives (Tables)	12 Months Ended
	Sep. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of effects of derivative instruments on the Consolidated Financial Statements	The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the Balance Sheet as of September 30, 2016 and 2015: September 30, 2016 Notional Fair Balance Sheet Expiration Date (dollars in thousand) Derivatives designated as hedging instruments Interest rate swaps by effective date: August 3, 2015 $ 15,000 $ 394 Other liabilities August 3, 2020 February 5, 2016 20,000 148 Other liabilities February 1, 2021 September 30, 2015 Notional Fair Balance Sheet Expiration Date (Dollars in thousand) Derivatives designated as hedging instruments Interest rate swaps by effective date: August 3, 2015 $ 15,000 $ 348 Other liabilities August 3, 2020
Schedule of net gains (losses) recorded in accumulated other comprehensive income and the Consolidate Statements of Income	The following table presents the net gains (losses) recorded in accumulated other comprehensive income and the Consolidated Statements of Income relating to the cash flow derivative instruments for the year ended September 30: For the Year Ended September 30, 2016 Amount of Gain Amount of Gain Amount of Gain (Loss) (in thousands) August 3, 2015 $ (270 ) $ (188 ) $ — February 5, 2016 (231 ) (84 ) — For the Year Ended September 30, 2015 Amount of Gain Amount of Gain Amount of Gain (Loss) (in thousands) Interest Rate Contracts $ 348 $ 36 $ —

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Sep. 30, 2016
Fair Value Disclosures [Abstract]
Schedule of balances of assets measured at fair value on a recurring basis	The tables below present the balances of assets measured at fair value on a recurring basis at September 30, 2016 and 2015: 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 $ — September 30, 2015 Total Level 1 Level 2 Level 3 (in thousands) Assets: Investment securities available-for-sale: Debt securities: U.S. government agencies $ 815 $ — $ 815 $ — State and municipal obligations 42,083 — 42,083 — Single issuer trust preferred security 850 — 850 — Corporate debt securities 69,982 — 69,982 — Total investment securities available-for-sale 113,730 — 113,730 — Mortgage-backed securities available-for-sale: FNMA, fixed-rate 8,692 — 8,692 — FHLMC, fixed-rate 5,932 — 5,932 — Total mortgage-backed securities available-for-sale 14,624 — 14,624 — Total investments securities available for sale $ 128,354 $ — $ 128,354 $ — Liabilities: Derivative instruments $ 348 $ — $ 348 $ —
Schedule of assets measured at fair value on a non recurring basis	For assets measured at fair value on a nonrecurring basis in fiscal 2016 and fiscal 2015 that were still held at the end of the period, the following table provides the level of valuation assumptions used to determine each adjustment and the carrying value of the related individual assets or portfolios at September 30, 2016 and 2015: 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. September 30, 2015 Total Level 1 Level 2 Level 3 (In thousands) Impaired loans (1) (2) $ 48 $ — $ — $ 48 Mortgage servicing rights 30 — 30 — Total $ 78 $ — $ 30 $ 48 September 30, 2015 Fair Value at September 30, 2015 Valuation Technique Unobservable Input Range/(Weighted Average) (Dollars in thousands) Impaired loans (1) (2) $ 48 Appraisal of collateral (3) Collateral discounts (4) 65 − 80%/(74%) Total $ 48 (1) At September 30, 2015, consisted of two loans with an aggregate balance of $48,000 and there were no specific loan loss allowance. (2) Includes assets directly charged-down to fair value during the year-to-date period. (3) Fair value is generally determined through independent appraisals of the underlying collateral primarily using comparable sales. (4) Appraisals may be adjusted by management for qualitative factors such as time, changes in economic conditions and estimated liquidation expense.
Schedule of quantitative information regarding significant techniques and inputs used	The following table shows active information regarding significant techniques and inputs used at September 30, 2015 for measures in a non-recurring basis using unobservable inputs (Level 2): Fair Value at September 30, 2015 Valuation Technique Unobservable Input Method or Value as of September 30, 2015 (In thousands) Mortgage servicing rights $30 Discounted rate Discount rate 11.00 − 12.00% Rate used through Loan prepayment speeds 14.73% Weighted-average Servicing fees 0.25% Of loan balance Servicing costs $6.25 Monthly servicing $300 − 500 Additional monthly
Schedule of carrying amount and estimated fair value of the Company's financial instruments	The carrying amount and estimated fair value of the Company’s financial instruments as of September 30, 2016 and 2015 were as follows: Carrying Fair Value Level 1 Level 2 Level 3 (in thousands) 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 — September 30, 2015: Financial assets: Cash and cash equivalents $ 40,263 $ 40,263 $ 40,263 $ — $ — Investment securities available-for-sale 128,354 128,354 — 128,354 — Investment securities held-to-maturity 57,221 56,825 — 56,825 — Loans receivable, net 391,307 400,305 — — 400,305 Accrued interest receivable 2,484 2,484 — 2,484 — Restricted stock 4,765 4,765 — 4,765 — Mortgage servicing rights 401 416 — 416 — Financial liabilities: Savings accounts 45,189 45,189 — 45,189 Checking and NOW accounts 109,907 109,907 — 109,907 — Money market accounts 108,706 108,706 — 108,706 — Certificates of deposit 201,720 203,257 — 203,257 — FHLB advances 103,000 104,889 — 104,889 — Derivatives 348 348 — 348 — Accrued interest payable 396 396 — 396 —

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Sep. 30, 2016
Income Tax Disclosure [Abstract]
Schedule of deferred income taxes	Deferred income taxes at September 30, 2016 and 2015 were as follows: September 30, 2016 2015 (In thousands) Deferred Tax Assets: Unrealized loss on investments available for sale $ — $ 383 Allowance for loan losses 3,299 2,985 Non-accrual interest 56 98 Write-down of real estate owned — 106 Alternative minimum tax (AMT) credit carryover 287 128 Low-income housing tax credit carryover 217 337 Supplement Employer Retirement Plan 412 455 Charitable contributions 61 36 Depreciation 60 205 Federal net operating loss 4,344 6,375 Other 651 338 Total Deferred Tax Assets 9,387 11,446 Valuation allowance for DTA (61 ) (8,043 ) Total Deferred Tax Assets, Net of Valuation Allowance $ 9,326 $ 3,403 Deferred Tax Liabilities: State net operating income — (187 ) Unrealized gain on investments available-for-sale (152 ) — Mortgage servicing rights (112 ) (136 ) Other (235 ) (206 ) Total Deferred Tax Liabilities (499 ) (529 ) Deferred Tax Assets, Net $ 8,827 $ 2,874
Schedule of income tax expense (benefit)	Income tax expense for the years ended September 30, 2016, 2015 and 2014 was comprised of the following: September 30, 2016 2015 2014 (In thousands) Federal: Current $ 142 $ 65 $ — Deferred (6,316 ) (1,035 ) (367 ) (6,174 ) (970 ) (367 ) State, current — — — $ (6,174 ) $ (970 ) $ (367 )
Schedule of reconciliation between federal income tax at the statutory rate	The following reconciliation between federal income tax at the statutory rate of 34% and the actual income tax expense (benefit) recorded on income (loss) before income taxes for the years ended September 30, 2016, 2015 and 2014: September 30, 2016 2015 2014 (Dollars in thousands) At federal statutory rate at 34% $ 2,032 $ 1,257 $ — Adjustments resulting from: Tax-exempt interest (265 ) (186 ) — Earnings on bank-owned life insurance (176 ) (231 ) — Federal tax on cash surrender of BOLI — — 21 DTA valuation allowance (8,007 ) (2,031 ) (388 ) Other 242 221 — $ (6,174 ) $ (970 ) $ (367 ) Effective tax rate (103.3 % (26.2 )% (106.7 )%

Leases (Tables)

Leases (Tables)	12 Months Ended
	Sep. 30, 2016
Leases [Abstract]
Schedule of future minimum rental commitments under lease	Pursuant to the terms of non-cancelable operating lease agreements expiring in September 2030, pertaining to Company property, future minimum rent commitments are (In thousands): Years ending September 30: 2017 $ 385 2018 429 2019 431 2020 434 2021 466 Thereafter 2,225 $ 4,370 The Company receives rents from the lease of office and residential space owned by the Company. Future minimum rental commitments under these leases are (In thousands): Years ending September 30: 2017 $ 133 2018 22 2019 — 2020 — 2021 — $ 155

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Sep. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Schedule of financial instruments outstanding	At September 30, 2016 and 2015, the following financial instruments were outstanding whose contract amounts represent credit risk: September 30, 2016 2015 (In thousands) Commitments to extend credit: Future loan commitments $ 97,566 $ 26,849 Undisbursed construction loans 33,135 14,187 Undisbursed home equity lines of credit 25,270 27,074 Undisbursed commercial lines of credit 22,272 20,325 Undisbursed commercial unsecured lines of credit 26,395 5,275 Overdraft protection lines 850 840 Standby letters of credit 1,927 566 Total Commitments $ 207,415 $ 95,116

Regulatory Matters (Tables)

Regulatory Matters (Tables)	12 Months Ended
	Sep. 30, 2016
Banking and Thrift [Abstract]
Schedule of actual capital amounts and ratios	The following table summarizes the Company’s compliance with applicable regulatory capital requirements as of September 30, 2016: Actual For Capital Adequacy Purposes To Be Well Capitalized Under Prompt Corrective Action Provisions (Dollars in thousands) Capital Amount Ratio Capital Amount Ratio Capital Amount Ratio As of September 30, 2016: Tier 1 Leverage (Core) Capital (to average assets) $ 91,876 11.64 % $ 31,561 4.00 % $ 39,452 5.00 % Common Equity Tier 1 Capital (to risk weighted assets) 91,876 15.37 % 26,894 4.50 % 38,847 6.50 % Tier 1 Capital (to risk weighted assets) 91,876 15.37 % 35,859 6.00 % 47,812 8.00 % Total Risk Based Capital (to risk weighted assets) 97,372 16.29 % 47,812 8.00 % 59,765 10.00 % The following table summarizes the Bank’s compliance with applicable regulatory capital requirements as of September 30, 2016 and 2015: 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 September 30, 2016: Tier 1 Leverage (to average assets) $ 86,596 10.98 % $ 31,533 4.00 % $ 39,417 5.00 % Common Equity Tier 1 Capital (to risk weighted assets) 86,596 14.50 % 26,875 4.50 % 38,820 6.50 % Tier 1 Capital (to risk weighted assets) 86,596 14.50 % 35,834 6.00 % 47,779 8.00 % Total Capital (to risk weighted assets) 92,092 15.42 % 47,779 8.00 % 59,723 10.00 % As of September 30, 2015: Tier 1 Leverage (to average assets) $ 70,388 11.01 % $ 25,573 4.00 % $ 31,966 5.00 % Common Equity Tier 1 Capital (to risk weighted assets) 70,388 16.21 % 19,538 4.50 % 28,222 6.50 % Tier 1 Capital (to risk weighted assets) 70,388 16.21 % 26,051 6.00 % 34,734 8.00 % Total Capital (to risk weighted assets) 75,117 17.30 % 34,734 8.00 % 43,418 10.00 %
Schedule of reconciliation of Bank's equity	The following table presents a reconciliation of the Bank’s equity determined using accounting principles generally accepted in the United States of America (“US GAAP”) and its regulatory capital amounts as of September 30, 2016 and 2015: September 30, 2016 2015 (In thousands) Bank GAAP equity $ 90,877 $ 69,309 Disallowed portion of deferred tax asset (4,344 ) — Net unrealized gain on securities available for sale, net of income taxes (294 ) 743 Net unrealized gain on derivatives, net of income taxes 357 336 Tangible Capital, Core Capital and Tier 1 Capital 86,596 70,388 Allowance for loan losses 5,496 4,729 Total Risk-Based Capital $ 92,092 $ 75,117

Comprehensive Income (Loss) (Ta

Comprehensive Income (Loss) (Tables)	12 Months Ended
	Sep. 30, 2016
Equity [Abstract]
Schedule of accumulated other comprehensive (loss) included in shareholders equity	The components of accumulated other comprehensive (loss) included in shareholders’ equity are as follows: September 30, 2016 2015 2014 (In thousands) Net unrealized holding gains (losses) on available-for- sale securities $ 447 $ (1,011 ) $ (2,736 ) Tax effect (152 ) 344 931 Net of tax amount 295 (667 ) (1,805 ) Net unrealized holding losses on securities available-for- sale transferred to held-to-maturity — (115 ) — Tax effect — 39 — Net of tax amount — (76 ) — Fair value adjustment on derivatives (542 ) (348 ) — Tax effect 184 12 — Net of tax amount (358 ) (336 ) — Total accumulated other comprehensive loss $ (63 ) $ (1,079 ) $ (1,805 )
Schedule of other comprehensive income (loss) and related tax effects	Other comprehensive income and related tax effects are presented in the following table: Year Ended September 30, 2016 2015 2014 (In thousands) Net unrealized holding gains (losses) on available-for-sale securities $ 2,128 $ 2,120 $ 1,419 Net realized gain on securities available-for-sale (565 ) (515 ) (83 ) Amortization of unrealized holding losses on securities available- for-sale transferred to held-to-maturity 9 5 — Fair value adjustment on derivatives (194 ) (348 ) — Other comprehensive income before taxes 1,378 1,262 1,336 Tax effect (362 ) (536 ) (453 ) Total comprehensive income $ 1,016 $ 726 $ 883

Equity Based Incentive Compen44

Equity Based Incentive Compensation Plan (Tables)	12 Months Ended
	Sep. 30, 2016
Equity Based Incentive Compensation Plan Tables
Schedule of fair value of stock option	The assumptions used in determining the fair value of stock option grants for the year ended September 30, 2016 are as follows: Weighted average fair value of awards $ 5.15 Risk-free rate 1.45 % Dividend yield — % Volatility 28.88 % Expected life 6.5 years
Schedule of currently outstanding options	The following is a summary of currently outstanding options at September 30, 2016: Shares Weighted Weighted Aggregate Outstanding, beginning of year — Granted 5,000 $ 16.02 Exercised — — Forfeited/cancelled/expired — — Outstanding, end of year 5,000 $ 16.02 9.498 $ 1,900 Vested and expected to vest, end of year 5,000 $ 16.02 9.498 $ 1,900
Schedule of restricted stock outstanding	The table below summarizes the activity for the Company’s restricted stock outstanding at September 30, 2016: Shares Weighted Outstanding, beginning of year — Granted 2,240 $ 17.40 Vested — — Forfeited/cancelled/expired (310 ) 17.40 Outstanding, end of year 1,930 $ 17.40

Condensed Financial Informati45

Condensed Financial Information - Parent Company Only (Tables)	12 Months Ended
	Sep. 30, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Schedule of condensed statements of financial condition	Condensed Statements of Financial Condition September 30, 2016 2015 (In thousands) Assets Cash and Cash Equivalents $ 3,192 $ 5,325 Investment in subsidiaries 90,877 69,309 Investment securities held to maturity, (fair value at $5,666) — 5,762 Loans receivable, net 1,709 1,842 Other assets 418 532 Total Assets $ 96,196 $ 82,770 Liabilities Accounts payable $ 39 $ 21 Shareholders’ Equity 96,157 82,749 Total Liabilities and Shareholders’ Equity $ 96,196 $ 82,770
Schedule of condensed statements of operations	Condensed Statements of Operations Year Ended September 30, 2016 2015 2014 (In thousands) Income Interest income $ 116 $ 196 $ 254 Total Interest Income 116 196 254 Expense Other operating expenses 189 251 331 Total Other Expenses 189 251 331 Loss before Equity in Undistributed Net Income of Subsidiaries and Income Tax Expense (73 ) (55 ) (77 ) Equity in Undistributed Net Income of Subsidiaries 12,334 4,723 788 Income tax expense 111 — — Net Income $ 12,150 $ 4,668 $ 711
Schedule of condensed statements of comprehensive income (loss)	Condensed Statements of Comprehensive Income Year Ended September 30, (In thousands) 2016 2015 2014 Net Income $ 12,150 $ 4,668 $ 711 Other Comprehensive Income, Net of Tax: Unrealized holding gains (losses) on available-for-sale securities 2,128 2,120 1,419 Tax effect (723 ) (721 ) (482 ) Net of tax amount 1,405 1,399 937 Reclassification adjustment for net gains arising during the period (1) (565 ) (515 ) (83 ) Tax effect 192 175 29 Net of tax amount (373 ) (340 ) (54 ) Accretion of unrealized holding losses on securities transferred from available-for-sale to held-to-maturity (2) 9 5 — Tax effect (3 ) (2 ) — Net of tax amount 6 3 — Fair value adjustment on derivatives (194 ) (348 ) — Tax effect 172 12 — Net of tax amount (22 ) (336 ) — Total other comprehensive income 1,016 726 883 Total comprehensive income $ 13,166 $ 5,394 $ 1,594 Â (1) Amounts are included in net gain on sales of securities on the Consolidated Statements of Operations in total other income. (2) Amounts are included in interest and dividends on investment securities on the Consolidated Statements of Operations.
Schedule of condensed statements of cash flows	Condensed Statements of Cash Flows Year Ended September 30, 2016 2015 2014 (In thousands) Cash Flows from Operating Activities Net income $ 12,150 $ 4,668 $ 711 Undistributed net income of subsidiaries (12,334 ) (4,722 ) (788 ) Deferred income taxes, net — 84 197 ESOP shares committed to be released 242 195 160 Increase (decrease) in accounts payable 18 (27 ) (14 ) (Increase) decrease in other assets (2,629 ) 239 227 Net Cash (Used in) Provided by Operating Activities (2,553 ) 437 493 Cash Flows from Investing Activities Proceeds from maturities and principal collection on investments available for sale, net — — 422 Proceeds from maturities and principal collection on investments held to maturity 287 511 — Purchases of investment securities — — (992 ) Calls, sales of investment securities — 1,812 — Loan originations and principal collections, net 133 127 121 Net Cash Provided by (Used in) Investing Activities 420 2,450 (449 ) Net (Decrease) Increase in Cash and Cash Equivalents (2,133 ) 2,887 44 Cash and Cash Equivalents - Beginning 5,325 2,438 2,394 Cash and Cash Equivalents - Ending $ 3,192 $ 5,325 $ 2,438 Supplementary Cash Flows Information Non-cash transfer of investment securities from Parent Company to Bank $ 5,475 $ — $ —

Quarterly Financial Informati46

Quarterly Financial Information of Malvern Bancorp Inc. (Unuadited) (Tables)	12 Months Ended
	Sep. 30, 2016
Quarterly Financial Information Disclosure [Abstract]
Schedule of quarterly financial data	The following tables are a summary of certain quarterly financial data for the fiscal years ended September 30, 2016 and 2015. 2016 4 th 3 rd 2 nd 1 st (Dollars in thousands, except per share data) Total Interest and Dividend Income 6,817 $ 6,530 $ 6,210 $ 5,687 Total Interest Expense 1,796 1,750 1,710 1,476 Net Interest Income 5,021 4,780 4,500 4,211 Provision for Loan Losses 100 472 375 — Total Other Income 615 659 501 558 Total Other Expenses 3,759 3,378 3,360 3,425 Income before income tax benefit 1,777 1,589 1,266 1,344 Income tax benefit (6,174 ) — — — Net Income $ 7,951 $ 1,589 $ 1,266 $ 1,344 Earnings Per Common Share: Basic $ 1.24 $ 0.25 $ 0.20 $ 0.21 Diluted $ 1.24 $ 0.25 $ 0.20 n/a Weighted Average Common Shares Outstanding Basic 6,415,049 6,411,766 6,408,167 6,402,332 Diluted 6,415,207 6,411,804 6,408,167 n/a 2015 4 th 3 rd 2 nd 1 st (Dollars in thousands, except per share data) Total Interest and Dividend Income 5,344 $ 5,139 $ 5,166 $ 4,813 Total Interest Expense 1,365 1,301 1,330 1,252 Net Interest Income 3,979 3,838 3,836 3,561 Provision for Loan Losses — — — 90 Total Other Income 639 640 745 511 Total Other Expenses 3,454 3,273 3,573 3,661 Income before income tax benefit 1,164 1,205 1,008 321 Income tax benefit (341 ) 882 (1,081) (430 Net Income $ 1,505 $ 323 $ 2,089 $ 751 Earnings Per Common Share: Basic $ 0.23 $ 0.05 $ 0.33 $ 0.12 Diluted n/a n/a n/a n/a Weighted Average Common Shares Outstanding Basic 6,398,720 6,395,126 6,391,521 6,387,932 Diluted n/a n/a n/a n/a

Organizational Structure and 47

Organizational Structure and Nature of Operations (Detail Narrative) $ / shares in Units, $ in Thousands		Oct. 11, 2012USD ($)$ / sharesshares	May 19, 2009	Sep. 30, 2016USD ($)$ / sharesshares	Jun. 30, 2016USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Sep. 30, 2015USD ($)$ / sharesshares	Jun. 30, 2015USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Sep. 30, 2008USD ($)shares	Sep. 30, 2016USD ($)Number$ / sharesshares		Sep. 30, 2015USD ($)$ / sharesshares		Sep. 30, 2014USD ($)		May 19, 2008USD ($)shares
Common stock, par value (in dollars per share) | $ / shares				$ 0.01				$ 0.01					$ 0.01		$ 0.01
Common stock, shares outstanding | shares				6,560,403				6,558,473					6,560,403		6,558,473
Employee Stock Ownership Plan (ESOP), amount borrowed												$ 2,600
Employee Stock Ownership Plan (ESOP), shares purchased | shares				5,000								241,178	5,000
Employee Stock Ownership Plan (ESOP), debt structure, direct loan, description												The loan, which bears an interest rate of 5%, is being repaid in quarterly installments through 2026
Assets	[1]			$ 821,272				$ 655,690					$ 821,272		$ 655,690
Net income (loss)				7,951	$ 1,589	$ 1,266	$ 1,344	1,505	$ 323	$ 2,089	$ 751		12,150	[1]	4,668	[1]	$ 711	[1]
Second Step Conversion [Member]
Number of common stock issued in connection with conversion and reorganization | shares		3,636,875
Common stock, par value (in dollars per share) | $ / shares		$ 0.01
Subscription price | $ / shares		$ 10
Common stock, value, subscriptions		$ 36,400
Mid Tier Holding Company [Member] | Second Step Conversion [Member]
Number of common stock issued in connection with conversion and reorganization | shares		2,921,598
Common stock, conversion basis		Each share of common stock of the Mid-Tier Holding Company was converted into the right to receive 1.0748 shares of common stock of the new Malvern Bancorp, Inc. in the conversion and reorganization.
Malvern Federal Mutual Holding Company [Member]
Employee Stock Ownership Plan (ESOP), amount borrowed																			$ 2,600
Employee Stock Ownership Plan (ESOP), shares purchased | shares																			241,178
Employee Stock Ownership Plan (ESOP), debt structure, direct loan, description			Principal and interest payments of the loan are being made quarterly over a term of 18 years at a fixed interest rate of 5.0%.
Strategic Asset Management Group Inc [Member]
Assets				62				68					62		68
Net income (loss)													$ (6)		2		5
Number of full service financial center | Number													8
Parent Company [Member]
Assets				$ 96,196				$ 82,770					$ 96,196		82,770
Net income (loss)													$ 12,150		$ 4,668		$ 711
[1]	As Restated - Note 3

Summary of Significant Accoun48

Summary of Significant Accounting Policies (Detail Narrative) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Property and equipment, depreciation method	straight-line and accelerated methods
Expenses of matching contribution related to the plan	$ 90	$ 64	$ 118
Accrued amount for the plans included in other liabilities	1,100	1,200
Distributions made during the period	4	13
Expense associated with the plans	$ 11	$ (24)	$ 78
Minimum [Member]
Useful life	P3Y
Maximum [Member]
Useful life	P39Y

Summary of Significant Accoun49

Summary of Significant Accounting Policies (Detail Narrative 1) - USD ($) $ in Thousands		12 Months Ended
		Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Amount of net repurchases	[1]	$ 659	$ 1,262	$ 465
Cash and cash equivalents	[1]	96,762	40,263	19,187	$ 23,687
Dividends received or recognized	[1]	250	311	$ 123
Federal Home Loan Bank of Philadelphia [Member]
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Amount of net repurchases		$ 659	$ 1,300
Number of FHLB shares		53,441	47,651
Cash and cash equivalents		$ 4,800	$ 3,700
[1]	As Restated - Note 3

Correction of Error in Financ50

Correction of Error in Financial Statements (Details) - USD ($) $ in Thousands		Sep. 30, 2016		Sep. 30, 2015		Sep. 30, 2014	Sep. 30, 2013
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Other liabilities		$ 2,983	[1]	$ 2,217	[1]	$ 2,216
Total Liabilities		725,115	[1]	572,941	[1]	465,104
Shareholders' equity	[1]	96,157		82,749		77,160	$ 75,406
Original [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Other liabilities		4,549		3,575		2,604
Total Liabilities		726,681		574,299		465,492
Shareholders' equity		94,591		81,391		76,772
Change [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Other liabilities		(1,566)		(1,358)		(388)
Total Liabilities		(1,566)		(1,358)		(388)
Shareholders' equity		$ (1,566)		$ (1,358)		$ (388)
[1]	As Restated - Note 3

Correction of Error in Financ51

Correction of Error in Financial Statements (Details 1) - USD ($)	3 Months Ended								12 Months Ended
	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2016		Sep. 30, 2015		Sep. 30, 2014
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Income tax (benefit) expense	$ (6,174,000)				$ (341,000)	$ 882,000	$ (1,081,000)	$ (430,000)	$ (6,174,000)	[1]	$ (970,000)	[1]	$ (367,000)	[1]
Net income (loss)	$ 7,951,000	$ 1,589,000	$ 1,266,000	$ 1,344,000	$ 1,505,000	$ 323,000	$ 2,089,000	$ 751,000	$ 12,150,000	[1]	$ 4,668,000	[1]	$ 711,000	[1]
Basic Earnings Per Share (in dollars per share)	$ 1.21	$ 0.25	$ 0.20	$ 0.21	$ 0.23	$ 0.05	$ 0.33	$ 0.12	$ 1.90	[1]	$ 0.73	[1]	$ 0.11	[1]
Diluted Earnings Per Share (in dollars per share)	$ 1.21	$ 0.25	$ 0.20						$ 1.90	[1]		[1]		[1]
Original [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Income tax (benefit) expense									$ (5,966,000)		$ (970,000)		$ (21,000)
Net income (loss)									$ 11,942,000		$ 4,668,000		$ 323,000
Basic Earnings Per Share (in dollars per share)									$ 1.86		$ 0.73		$ 0.05
Diluted Earnings Per Share (in dollars per share)									$ 1.86
Change [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Income tax (benefit) expense									$ 208,000		$ (970,000)		$ (388,000)
Net income (loss)									$ 208,000		$ 970,000		$ 388,000
Basic Earnings Per Share (in dollars per share)									$ 0.04		$ 0.15		$ 0.06
Diluted Earnings Per Share (in dollars per share)									$ 0.04
[1]	As Restated - Note 3

Correction of Error in Financ52

Correction of Error in Financial Statements (Details 2) - USD ($) $ in Thousands		3 Months Ended								12 Months Ended
		Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2016		Sep. 30, 2015		Sep. 30, 2014
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net income (loss)		$ 7,951	$ 1,589	$ 1,266	$ 1,344	$ 1,505	$ 323	$ 2,089	$ 751	$ 12,150	[1]	$ 4,668	[1]	$ 711	[1]
Total comprehensive Income	[1]									13,166		5,394		1,594
Original [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net income (loss)										11,942		4,668		323
Total comprehensive Income										12,958		4,424		1,206
Change [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net income (loss)										208		970		388
Total comprehensive Income										$ 208		$ 970		$ 388
[1]	As Restated - Note 3

Correction of Error in Financ53

Correction of Error in Financial Statements (Details 3) - USD ($) $ in Thousands		3 Months Ended								12 Months Ended
		Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2016		Sep. 30, 2015		Sep. 30, 2014		Sep. 30, 2013
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net income (loss)		$ 7,951	$ 1,589	$ 1,266	$ 1,344	$ 1,505	$ 323	$ 2,089	$ 751	$ 12,150	[1]	$ 4,668	[1]	$ 711	[1]
Shareholders' equity	[1]	96,157				82,749				96,157		82,749		77,160		$ 75,406
Retained Earnings [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net income (loss)	[1]									12,150		4,668		711
Shareholders' equity	[1]	37,322				25,172				37,322		25,172		20,504		$ 19,793
Original [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net income (loss)										11,942		4,668		323
Shareholders' equity		94,591				81,391				94,591		81,391		76,772
Original [Member] | Retained Earnings [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net income (loss)										11,942		3,698		323
Shareholders' equity		35,756				23,814				35,756		23,814		20,116
Change [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net income (loss)										208		970		388
Shareholders' equity		(1,566)				(1,358)				(1,566)		(1,358)		(388)
Change [Member] | Retained Earnings [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net income (loss)										208		970		388
Shareholders' equity		$ (1,566)				$ (1,358)				$ (1,566)		$ (1,358)		$ (388)
[1]	As Restated - Note 3

Correction of Error in Financ54

Correction of Error in Financial Statements (Details 4) - USD ($) $ in Thousands		3 Months Ended								12 Months Ended
		Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2016		Sep. 30, 2015		Sep. 30, 2014
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net income (loss)		$ 7,951	$ 1,589	$ 1,266	$ 1,344	$ 1,505	$ 323	$ 2,089	$ 751	$ 12,150	[1]	$ 4,668	[1]	$ 711	[1]
Increase in other liabilities	[1]									766		349		(79)
Original [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net income (loss)										11,942		4,668		323
Increase in other liabilities										974		1,319		309
Change [Member]
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net income (loss)										208		970		388
Increase in other liabilities										$ 208		$ 970		$ 388
[1]	As Restated - Note 3

Correction of Error in Financ55

Correction of Error in Financial Statements (Details Narrative) - USD ($)		3 Months Ended										12 Months Ended
		Sep. 30, 2016		Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015		Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2016		Sep. 30, 2015		Sep. 30, 2014		Sep. 30, 2013
Income tax (benefit) expense		$ (6,174,000)					$ (341,000)		$ 882,000	$ (1,081,000)	$ (430,000)	$ (6,174,000)	[1]	$ (970,000)	[1]	$ (367,000)	[1]
Decrease in tax liability		499,000					529,000					499,000		529,000
Net income (loss)		7,951,000		$ 1,589,000	$ 1,266,000	$ 1,344,000	1,505,000		$ 323,000	$ 2,089,000	$ 751,000	12,150,000	[1]	4,668,000	[1]	711,000	[1]
Total liabilities		725,115,000	[1]				572,941,000	[1]				725,115,000	[1]	572,941,000	[1]	465,104,000
Other liabilities		2,983,000	[1]				2,217,000	[1]				2,983,000	[1]	2,217,000	[1]	2,216,000
Shareholders' equity	[1]	96,157,000					82,749,000					96,157,000		82,749,000		77,160,000		$ 75,406,000
Retained Earnings [Member]
Net income (loss)	[1]											12,150,000		4,668,000		711,000
Shareholders' equity	[1]	37,322,000					25,172,000					37,322,000		25,172,000		20,504,000		$ 19,793,000
Change [Member]
Income tax (benefit) expense												208,000		(970,000)		(388,000)
Net income (loss)												208,000		970,000		388,000
Total liabilities		(1,566,000)					(1,358,000)					(1,566,000)		(1,358,000)		(388,000)
Other liabilities		(1,566,000)					(1,358,000)					(1,566,000)		(1,358,000)		(388,000)
Shareholders' equity		(1,566,000)					(1,358,000)					(1,566,000)		(1,358,000)		(388,000)
Change [Member] | Retained Earnings [Member]
Net income (loss)												208,000		970,000		388,000
Shareholders' equity		(1,566,000)					(1,358,000)					(1,566,000)		(1,358,000)		(388,000)
Original [Member]
Income tax (benefit) expense												(5,966,000)		(970,000)		(21,000)
Net income (loss)												11,942,000		4,668,000		323,000
Total liabilities		726,681,000					574,299,000					726,681,000		574,299,000		465,492,000
Other liabilities		4,549,000					3,575,000					4,549,000		3,575,000		2,604,000
Shareholders' equity		94,591,000					81,391,000					94,591,000		81,391,000		76,772,000
Original [Member] | Retained Earnings [Member]
Net income (loss)												11,942,000		3,698,000		323,000
Shareholders' equity		$ 35,756,000					$ 23,814,000					$ 35,756,000		$ 23,814,000		$ 20,116,000
[1]	As Restated - Note 3

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2016		Sep. 30, 2015		Sep. 30, 2014		Sep. 30, 2008
Earnings Per Common Share:
Net Income	$ 7,951	$ 1,589	$ 1,266	$ 1,344	$ 1,505	$ 323	$ 2,089	$ 751	$ 12,150	[1]	$ 4,668	[1]	$ 711	[1]
Weighted average shares outstanding (in shares)									6,560,012		6,558,473		6,558,473
Average unearned ESOP shares (in shares)									(150,747)		(165,143)		(179,543)
Basic weighted average shares outstanding (in shares)	6,415,049	6,411,766	6,408,167	6,402,332	6,398,720	6,395,126	6,391,521	6,387,932	6,409,265	[1]	6,393,330	[1]	6,378,930	[1]
Plus: effect of dilutive options (in shares)									$ 60
Diluted weighted average common shares outstanding (in shares)	6,415,207	6,411,804	6,408,167						6,409,325	[1]	6,393,330		6,378,930
Earnings per share:
Basic (in dollars per share)	$ 1.21	$ 0.25	$ 0.20	$ 0.21	$ 0.23	$ 0.05	$ 0.33	$ 0.12	$ 1.90	[1]	$ 0.73	[1]	$ 0.11	[1]
Diluted (in dollars per share)	$ 1.21	$ 0.25	$ 0.20						$ 1.90	[1]		[1]		[1]
Stock options	5,000								5,000						241,178
Restricted shares issued									1,930
[1]	As Restated - Note 3

Employee Stock Ownership Plan (

Employee Stock Ownership Plan (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	4 Months Ended	12 Months Ended
	Sep. 30, 2008	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Employee Stock Ownership Plan (ESOP), Shares in ESOP [Abstract]
Employee Stock Ownership Plan (ESOP), shares purchased	241,178	5,000
Employee Stock Ownership Plan (ESOP), amount borrowed	$ 2,600
Average price of shares purchased	$ 10.86
Employee Stock Ownership Plan (ESOP), debt structure, direct loan, description	The loan, which bears an interest rate of 5%, is being repaid in quarterly installments through 2026
Committed to be released ESOP shares		14,400	14,400	14,400
Number of unallocated shares		143,565
Number of allocated shares held by the ESOP		115,653
Aggregate fair value of shares held by the ESOP		$ 2,400

Investment Securities (Details)

Investment Securities (Details) - USD ($) $ in Thousands		12 Months Ended
		Sep. 30, 2016	Sep. 30, 2015
Investment Securities Available-for-Sale:
Amortized Cost		$ 65,940	$ 129,480
Gross Unrealized Gains		904	226
Gross Unrealized Losses		(457)	(1,352)
Fair value	[1]	66,387	128,354
Investment Securities Held-to-Maturity:
Amortized Cost		40,551	57,221
Gross Unrealized Gains		362	86
Gross Unrealized Losses		(96)	(482)
Fair Value		40,817	56,825
Total investment securities Amortized Cost		106,491	186,701
Total investment securities Gross Unrealized Gains		1,266	312
Total investment securities Gross Unrealized Losses		(553)	(1,834)
Total investment securities Fair Value		107,204	185,179
Mortgage Backed Securities [Member]
Investment Securities Available-for-Sale:
Amortized Cost			14,783
Gross Unrealized Gains
Gross Unrealized Losses			(159)
Fair value			14,624
U S Government Agencies Debt Securities [Member]
Investment Securities Available-for-Sale:
Amortized Cost			816
Gross Unrealized Gains
Gross Unrealized Losses			(1)
Fair value			815
Investment Securities Held-to-Maturity:
Amortized Cost		2,999	14,301
Gross Unrealized Gains		16	8
Gross Unrealized Losses			(13)
Fair Value		3,015	14,296
U S States And Political Subdivisions [Member]
Investment Securities Available-for-Sale:
Amortized Cost		24,751	42,007
Gross Unrealized Gains		557	192
Gross Unrealized Losses		(1)	(116)
Fair value		25,307	42,083
Investment Securities Held-to-Maturity:
Amortized Cost		9,826	10,075
Gross Unrealized Gains		167	23
Gross Unrealized Losses		(1)	(75)
Fair Value		9,992	10,023
Single Issuer Trust Preferred Security [Member]
Investment Securities Available-for-Sale:
Amortized Cost		1,000	1,000
Gross Unrealized Gains
Gross Unrealized Losses		(122)	(150)
Fair value		878	850
Corporate Debt Securities [Member]
Investment Securities Available-for-Sale:
Amortized Cost		40,189	70,874
Gross Unrealized Gains		347	34
Gross Unrealized Losses		(334)	(926)
Fair value		40,202	69,982
Investment Securities Held-to-Maturity:
Amortized Cost		3,916	4,011
Gross Unrealized Gains		77
Gross Unrealized Losses			(55)
Fair Value		3,993	3,956
Available For Sale Securities Before Mortgage Backed [Member]
Investment Securities Available-for-Sale:
Amortized Cost			114,697
Gross Unrealized Gains			226
Gross Unrealized Losses			(1,193)
Fair value			113,730
Fixed Rate [Member] | Federal Home Loan Mortgage Corporation Certificates And Obligations F H L M C [Member]
Investment Securities Available-for-Sale:
Amortized Cost			5,986
Gross Unrealized Gains
Gross Unrealized Losses			(54)
Fair value			5,932
Fixed Rate [Member] | Federal National Mortgage Association Certificates And Obligations F N M A [Member]
Investment Securities Available-for-Sale:
Amortized Cost			8,797
Gross Unrealized Gains
Gross Unrealized Losses			(105)
Fair value			8,692
Fixed Rate [Member] | Collateralized Mortgage Obligations [Member]
Investment Securities Held-to-Maturity:
Amortized Cost		23,810	28,834
Gross Unrealized Gains		102	55
Gross Unrealized Losses		(95)	(339)
Fair Value		$ 23,817	$ 28,550
[1]	As Restated - Note 3

Investment Securities (Details

Investment Securities (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Investment Securities Available-for-Sale:
Less than 12 Months: Fair Value	$ 1,485	$ 85,026
Less than 12 Months: Unrealized Losses	(10)	(1,120)
More than 12 Months: Fair Value	11,492	7,550
More than 12 Months: Unrealized Losses	(447)	(232)
Total: Fair Value	12,977	92,576
Total: Unrealized Losses	(457)	(1,352)
Investment Securities Held-to-Maturity:
Less than 12 Months: Fair Value	5,535	38,400
Less than 12 Months: Unrealized Losses	(18)	(482)
More than 12 Months: Fair Value	6,283
More than 12 Months: Unrealized Losses	(78)
Total: Fair Value	11,818	38,400
Total: Unrealized Losses	(96)	(482)
Total investment securities in an unrealized loss position less than 12 months fair value	7,020	123,426
Total investment securities in an unrealized loss position less than 12 months gross unrealized loss	(28)	(1,602)
Total investment securities in an unrealized loss position 12 months or more fair value	17,775	7,550
Total investment securities in an unrealized loss position 12 months or more gross unrealized loss	(525)	(232)
Total investment securities in an unrealized loss position fair value	24,795	130,976
Total investment securities in an unrealized loss position gross unrealized loss	(553)	(1,834)
U S Government Agencies Debt Securities [Member]
Investment Securities Available-for-Sale:
Less than 12 Months: Fair Value
Less than 12 Months: Unrealized Losses
More than 12 Months: Fair Value		815
More than 12 Months: Unrealized Losses		(1)
Total: Fair Value		815
Total: Unrealized Losses		(1)
Investment Securities Held-to-Maturity:
Less than 12 Months: Fair Value		4,792
Less than 12 Months: Unrealized Losses		(13)
More than 12 Months: Fair Value
More than 12 Months: Unrealized Losses
Total: Fair Value		4,792
Total: Unrealized Losses		(13)
U S States And Political Subdivisions [Member]
Investment Securities Available-for-Sale:
Less than 12 Months: Fair Value	501	18,223
Less than 12 Months: Unrealized Losses	(1)	(116)
More than 12 Months: Fair Value
More than 12 Months: Unrealized Losses
Total: Fair Value	501	18,223
Total: Unrealized Losses	(1)	(116)
Investment Securities Held-to-Maturity:
Less than 12 Months: Fair Value	1,193	6,917
Less than 12 Months: Unrealized Losses	(1)	(75)
More than 12 Months: Fair Value
More than 12 Months: Unrealized Losses
Total: Fair Value	1,193	6,917
Total: Unrealized Losses	(1)	(75)
Single Issuer Trust Preferred Security [Member]
Investment Securities Available-for-Sale:
Less than 12 Months: Fair Value
Less than 12 Months: Unrealized Losses
More than 12 Months: Fair Value	878	850
More than 12 Months: Unrealized Losses	(122)	(150)
Total: Fair Value	878	850
Total: Unrealized Losses	(122)	(150)
Corporate Debt Securities [Member]
Investment Securities Available-for-Sale:
Less than 12 Months: Fair Value	984	58,064
Less than 12 Months: Unrealized Losses	(9)	(926)
More than 12 Months: Fair Value	10,614
More than 12 Months: Unrealized Losses	(325)
Total: Fair Value	11,598	58,064
Total: Unrealized Losses	(334)	(926)
Investment Securities Held-to-Maturity:
Less than 12 Months: Fair Value		3,957
Less than 12 Months: Unrealized Losses		(55)
More than 12 Months: Fair Value
More than 12 Months: Unrealized Losses
Total: Fair Value		3,957
Total: Unrealized Losses		(55)
Fixed Rate [Member] | Federal National Mortgage Association Certificates And Obligations F N M A [Member]
Investment Securities Available-for-Sale:
Less than 12 Months: Fair Value		5,459
Less than 12 Months: Unrealized Losses		(53)
More than 12 Months: Fair Value		3,233
More than 12 Months: Unrealized Losses		(52)
Total: Fair Value		8,692
Total: Unrealized Losses		(105)
Fixed Rate [Member] | Federal Home Loan Mortgage Corporation Certificates And Obligations F H L M C [Member]
Investment Securities Available-for-Sale:
Less than 12 Months: Fair Value		3,280
Less than 12 Months: Unrealized Losses		(25)
More than 12 Months: Fair Value		2,652
More than 12 Months: Unrealized Losses		(29)
Total: Fair Value		5,932
Total: Unrealized Losses		(54)
Fixed Rate [Member] | Collateralized Mortgage Obligations [Member]
Investment Securities Held-to-Maturity:
Less than 12 Months: Fair Value	4,342	22,734
Less than 12 Months: Unrealized Losses	(17)	(339)
More than 12 Months: Fair Value	6,283
More than 12 Months: Unrealized Losses	(78)
Total: Fair Value	10,625	22,734
Total: Unrealized Losses	$ (95)	$ (339)

Investment Securities (Detail60

Investment Securities (Details 2) - USD ($) $ in Thousands		Sep. 30, 2016	Sep. 30, 2015
Available for Sale, Amortized Cost:
Due in one year or less
Due after one year through five years		24,464
Due after five years through ten years		31,166
Due after ten years		10,310
Available-for-sale Securities, Amortized Cost Basis, Total		65,940	$ 129,480
Available for Sale, Fair Value:
Due in one year or less
Due after one year through five years		24,718
Due after five years through ten years		31,277
Due after ten years		10,392
Available-for-sale Securities, Fair value, Total	[1]	66,387	128,354
Held-to-Maturity, Amortized Cost:
Due after one year through five years		2,999
Due after five years through ten years		5,128
Due after ten years		32,424
Held-to-maturity Securities, Amortized Cost, Total		40,551	57,221
Held-to-Maturity, Fair Value:
Due after one year through five years		3,015
Due after five years through ten years		5,291
Due after ten years		32,511
Held-to-maturity Securities, Fair Value, Total		40,817	$ 56,825
Total Investment Securities, Amortized Cost		106,491
Total Investment Securities, Fair Value		$ 107,204
[1]	As Restated - Note 3

Investment Securities (Detail61

Investment Securities (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Investments, Debt and Equity Securities [Abstract]
Proceeds from sale of securities available for sale	$ 62,800	$ 70,400	$ 16,800
Available-for-sale securities, gross realized gains	595	610	118
Available-for-sale securities, gross realized losses	$ 30	95	$ 35
Fair value of available for sale securities trasferred		57,500
Net unrealized loss on available for sale securities tranferred		115
Investment securities pledged to secure public deposits		$ 552

Investment Securities (Detail62

Investment Securities (Details Narrative 1) - Number	Sep. 30, 2016	Sep. 30, 2015
Municipal Bonds [Member]
Schedule of Investments [Line Items]
Number of securities held in an unrealized loss position	2	20
Mortgage Backed Securities [Member]
Schedule of Investments [Line Items]
Number of securities held in an unrealized loss position	15	37
Corporate Debt Securities [Member]
Schedule of Investments [Line Items]
Number of securities held in an unrealized loss position	9	29
Single Issuer Trust Preferred Security [Member]
Schedule of Investments [Line Items]
Number of securities held in an unrealized loss position	1	1
U S Government Agencies Debt Securities [Member]
Schedule of Investments [Line Items]
Number of securities held in an unrealized loss position		6

Loans Receivable and Related 63

Loans Receivable and Related Allowance for Loan Losses (Details) - USD ($) $ in Thousands		Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Financing Receivable, Impaired [Line Items]
Total loans		$ 578,386	$ 394,198	$ 388,577
Deferred loan fees and cost, net		1,208	1,776
Allowance for loan losses		(5,434)	(4,667)	(4,589)	$ (5,090)
Total loans receivable, net	[1]	574,160	391,307
Consumer Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans		50,875	62,911
Unallocated [Member]
Financing Receivable, Impaired [Line Items]
Allowance for loan losses		(1,179)	(745)	(62)	(79)
Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans		1,914	2,359	2,839
Allowance for loan losses		(34)	(24)	(23)	(22)
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans		29,204	37,633	47,034
Allowance for loan losses		(467)	(761)	(1,033)	(1,393)
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Total loans		209,186	214,958	231,324
Allowance for loan losses		(1,201)	(1,486)	(1,672)	(1,414)
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Total loans		19,757	22,919	22,292
Allowance for loan losses		(116)	(139)	(168)	(137)
Construction and Development - Residential and Commercial Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans		18,579	5,677	5,964
Allowance for loan losses		(199)	(30)	(291)	(164)
Commercial [Member]
Financing Receivable, Impaired [Line Items]
Total loans		289,733	108,510
Construction and Development - Land Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans		10,013	2,142	1,033
Allowance for loan losses		(97)	(35)	(13)	(56)
Commercial - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans		38,779	13,380	5,480
Allowance for loan losses		(158)	(108)	(50)	(59)
Construction and Development Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans		28,592	7,819
Commercial Multi Family Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans		19,515	7,444	1,032
Allowance for loan losses		(109)	(104)	(29)	(40)
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Total loans		231,439	87,686	71,579
Allowance for loan losses		$ (1,874)	$ (1,235)	$ (1,248)	$ (1,726)
[1]	As Restated - Note 3

Loans Receivable and Related 64

Loans Receivable and Related Allowance for Loan Losses (Details 1) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2016		Sep. 30, 2015		Sep. 30, 2014
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, Beginning Balance				$ 4,667				$ 4,589	$ 4,667		$ 4,589		$ 5,090
Charge-offs									(560)		(221)		(941)
Recoveries									380		209		177
Provision	$ 100	$ 472	$ 375					90	947	[1]	90	[1]	263	[1]
Allowance for loan losses, Ending Balance	5,434				4,667				5,434		4,667		4,589
Allowance for loan losses: Ending balance: individually evaluated for impairment	23								23
Allowance for loan losses: Ending balance: collectively evaluated for impairment	5,411				4,667				5,411		4,667		4,589
Loans receivable	578,386				394,198				578,386		394,198		388,577
Loans receivable: Ending balance: individually evaluated for impairment	3,658				2,490				3,658		2,490		3,400
Loans Receivable: Ending balance: collectively evaluated for impairment	574,728				391,708				574,728		391,708		385,177
Unallocated [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, Beginning Balance				745				62	745		62		79
Charge-offs
Recoveries
Provision									434		683		(17)
Allowance for loan losses, Ending Balance	1,179				745				1,179		745		62
Allowance for loan losses: Ending balance: individually evaluated for impairment
Allowance for loan losses: Ending balance: collectively evaluated for impairment	1,179				745				1,179		745		62
Consumer - Other Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, Beginning Balance				24				23	24		23		22
Charge-offs									(70)		(34)		(6)
Recoveries									13		11		4
Provision									67		24		3
Allowance for loan losses, Ending Balance	34				24				34		24		23
Allowance for loan losses: Ending balance: individually evaluated for impairment
Allowance for loan losses: Ending balance: collectively evaluated for impairment	34				24				34		24		23
Loans receivable	1,914				2,359				1,914		2,359		2,839
Loans receivable: Ending balance: individually evaluated for impairment
Loans Receivable: Ending balance: collectively evaluated for impairment	1,914				2,359				1,914		2,359		2,839
Consumer - Second Mortgages Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, Beginning Balance				761				1,033	761		1,033		1,393
Charge-offs									(291)		(138)		(618)
Recoveries									100		69		136
Provision									(103)		(203)		122
Allowance for loan losses, Ending Balance	467				761				467		761		1,033
Allowance for loan losses: Ending balance: individually evaluated for impairment	23								23
Allowance for loan losses: Ending balance: collectively evaluated for impairment	444				761				444		761		1,033
Loans receivable	29,204				37,633				29,204		37,633		47,034
Loans receivable: Ending balance: individually evaluated for impairment	277				179				277		179		695
Loans Receivable: Ending balance: collectively evaluated for impairment	28,927				37,454				28,927		37,454		46,339
Consumer - Home Equity Lines of Credit [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, Beginning Balance				139				168	139		168		137
Charge-offs													(14)
Recoveries									1		2		1
Provision									(24)		(31)		44
Allowance for loan losses, Ending Balance	116				139				116		139		168
Allowance for loan losses: Ending balance: individually evaluated for impairment
Allowance for loan losses: Ending balance: collectively evaluated for impairment	116				139				116		139		168
Loans receivable	19,757				22,919				19,757		22,919		22,292
Loans receivable: Ending balance: individually evaluated for impairment	74				20				74		20		115
Loans Receivable: Ending balance: collectively evaluated for impairment	19,683				22,899				19,683		22,899		22,177
Commercial - Other Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, Beginning Balance				108				50	108		50		59
Charge-offs
Recoveries									3		3		3
Provision									47		55		(12)
Allowance for loan losses, Ending Balance	158				108				158		108		50
Allowance for loan losses: Ending balance: individually evaluated for impairment
Allowance for loan losses: Ending balance: collectively evaluated for impairment	158				108				158		108		50
Loans receivable	38,779				13,380				38,779		13,380		5,480
Loans receivable: Ending balance: individually evaluated for impairment													900
Loans Receivable: Ending balance: collectively evaluated for impairment	38,779				13,380				38,779		13,380		4,580
Residential Mortgage [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, Beginning Balance				1,486				1,672	1,486		1,672		1,414
Charge-offs									(9)				(83)
Recoveries									17		17		23
Provision									(293)		(203)		318
Allowance for loan losses, Ending Balance	1,201				1,486				1,201		1,486		1,672
Allowance for loan losses: Ending balance: individually evaluated for impairment
Allowance for loan losses: Ending balance: collectively evaluated for impairment	1,201				1,486				1,201		1,486		1,672
Loans receivable	209,186				214,958				209,186		214,958		231,324
Loans receivable: Ending balance: individually evaluated for impairment	1,159				599				1,159		599		999
Loans Receivable: Ending balance: collectively evaluated for impairment	208,027				214,359				208,027		214,359		230,325
Construction and Development - Residential and Commercial Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, Beginning Balance				30				291	30		291		164
Charge-offs									(91)		(1)		(37)
Recoveries									243		98		1
Provision									17		(358)		163
Allowance for loan losses, Ending Balance	199				30				199		30		291
Allowance for loan losses: Ending balance: individually evaluated for impairment
Allowance for loan losses: Ending balance: collectively evaluated for impairment	199				30				199		30		291
Loans receivable	18,579				5,677				18,579		5,677		5,964
Loans receivable: Ending balance: individually evaluated for impairment	109				121				109		121		187
Loans Receivable: Ending balance: collectively evaluated for impairment	18,470				5,556				18,470		5,556		5,777
Construction and Development - Land Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, Beginning Balance				35				13	35		13		56
Charge-offs
Recoveries
Provision									62		22		(43)
Allowance for loan losses, Ending Balance	97				35				97		35		13
Allowance for loan losses: Ending balance: individually evaluated for impairment
Allowance for loan losses: Ending balance: collectively evaluated for impairment	97				35				97		35		13
Loans receivable	10,013				2,142				10,013		2,142		1,033
Loans receivable: Ending balance: individually evaluated for impairment
Loans Receivable: Ending balance: collectively evaluated for impairment	10,013				2,142				10,013		2,142		1,033
Commercial Real Estate [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, Beginning Balance				1,235				1,248	1,235		1,248		1,726
Charge-offs									(99)		(48)		(183)
Recoveries									3		9		9
Provision									735		26		(304)
Allowance for loan losses, Ending Balance	1,874				1,235				1,874		1,235		1,248
Allowance for loan losses: Ending balance: individually evaluated for impairment
Allowance for loan losses: Ending balance: collectively evaluated for impairment	1,874				1,235				1,874		1,235		1,248
Loans receivable	231,439				87,686				231,439		87,686		71,579
Loans receivable: Ending balance: individually evaluated for impairment	2,039				1,571				2,039		1,571		504
Loans Receivable: Ending balance: collectively evaluated for impairment	229,400				86,115				229,400		86,115		71,075
Commercial Multi Family Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, Beginning Balance				$ 104				$ 29	104		29		40
Charge-offs
Recoveries
Provision									5		75		(11)
Allowance for loan losses, Ending Balance	109				104				109		104		29
Allowance for loan losses: Ending balance: individually evaluated for impairment
Allowance for loan losses: Ending balance: collectively evaluated for impairment	109				104				109		104		29
Loans receivable	19,515				7,444				19,515		7,444		1,032
Loans receivable: Ending balance: individually evaluated for impairment
Loans Receivable: Ending balance: collectively evaluated for impairment	19,515				7,444				19,515		7,444		$ 1,032
Commercial [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Loans receivable	289,733				108,510				289,733		108,510
Construction and Development Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Loans receivable	28,592				7,819				28,592		7,819
Consumer Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Loans receivable	$ 50,875				$ 62,911				$ 50,875		$ 62,911
[1]	As Restated - Note 3

Loans Receivable and Related 65

Loans Receivable and Related Allowance for Loan Losses (Details 2) - USD ($) $ in Thousands	Sep. 30, 2016	Sep. 30, 2015
Financing Receivable, Impaired [Line Items]
Impaired Loans With Specific Allowance, Recorded Investment	$ 31
Impaired Loans With Specific Allowance, Related Allowance	23
Impaired Loans With No Specific Allowance, Recorded Investment	3,627	2,490
Total Impaired Loans Recorded Investment	3,658	2,490
Total Impaired Loans Unpaid Principal Balance	3,914	3,134
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	74	20
Total Impaired Loans Recorded Investment	74	20
Total Impaired Loans Unpaid Principal Balance	90	36
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	2,039	1,571
Total Impaired Loans Recorded Investment	2,039	1,571
Total Impaired Loans Unpaid Principal Balance	2,039	1,807
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	1,159	599
Total Impaired Loans Recorded Investment	1,159	599
Total Impaired Loans Unpaid Principal Balance	1,225	696
Construction and Development - Residential and Commercial Receivable [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans With Specific Allowance, Recorded Investment
Impaired Loans With Specific Allowance, Related Allowance
Impaired Loans With No Specific Allowance, Recorded Investment	109	121
Total Impaired Loans Recorded Investment	109	121
Total Impaired Loans Unpaid Principal Balance	109	253
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans With Specific Allowance, Recorded Investment	31
Impaired Loans With Specific Allowance, Related Allowance	23
Impaired Loans With No Specific Allowance, Recorded Investment	246	179
Total Impaired Loans Recorded Investment	277	179
Total Impaired Loans Unpaid Principal Balance	$ 451	$ 342

Loans Receivable and Related 66

Loans Receivable and Related Allowance for Loan Losses (Details 3) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	$ 2,741	$ 2,463	$ 4,227
Interest Income Recognized on Impaired Loans	73	21	63
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	1,646	690	21
Interest Income Recognized on Impaired Loans	69	4
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	24	23	104
Interest Income Recognized on Impaired Loans
Commercial - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans		340	900
Interest Income Recognized on Impaired Loans		12	32
Construction and Development - Residential and Commercial Receivable [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	150	144	609
Interest Income Recognized on Impaired Loans	4	5	17
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	707	729	1,731
Interest Income Recognized on Impaired Loans
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	214	537	622
Interest Income Recognized on Impaired Loans
Construction and Development - Land Receivable [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans			240
Interest Income Recognized on Impaired Loans			$ 14

Loans Receivable and Related 67

Loans Receivable and Related Allowance for Loan Losses (Details 4) - USD ($) $ in Thousands	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	$ 578,386	$ 394,198	$ 388,577
Doubtful [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross
Substandard [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	8,087	6,996
Special Mention [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	5,713	5,724
Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	564,586	381,478
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	209,186	214,958	231,324
Residential Mortgage [Member] | Substandard [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	1,184	682
Residential Mortgage [Member] | Special Mention [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	122	130
Residential Mortgage [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	207,880	214,146
Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	1,914	2,359	2,839
Consumer - Other Receivable [Member] | Substandard [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross
Consumer - Other Receivable [Member] | Special Mention [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	11	14
Consumer - Other Receivable [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	1,903	2,345
Construction and Development - Residential and Commercial Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	18,579	5,677	5,964
Construction and Development - Residential and Commercial Receivable [Member] | Substandard [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	109	121
Construction and Development - Residential and Commercial Receivable [Member] | Special Mention [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross		106
Construction and Development - Residential and Commercial Receivable [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	18,470	5,450
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	29,204	37,633	47,034
Consumer - Second Mortgages Receivable [Member] | Substandard [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	1,242	666
Consumer - Second Mortgages Receivable [Member] | Special Mention [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	119	133
Consumer - Second Mortgages Receivable [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	27,843	36,834
Construction and Development - Land Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	10,013	2,142	1,033
Construction and Development - Land Receivable [Member] | Substandard [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross
Construction and Development - Land Receivable [Member] | Special Mention [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross
Construction and Development - Land Receivable [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	10,013	2,142
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	19,757	22,919	22,292
Consumer - Home Equity Lines of Credit [Member] | Substandard [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	173	118
Consumer - Home Equity Lines of Credit [Member] | Special Mention [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross
Consumer - Home Equity Lines of Credit [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	19,584	22,801
Construction and Development Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	28,592	7,819
Commercial - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	38,779	13,380	5,480
Commercial - Other Receivable [Member] | Substandard [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	672	721
Commercial - Other Receivable [Member] | Special Mention [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	259	272
Commercial - Other Receivable [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	37,848	12,387
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	231,439	87,686	71,579
Commercial Real Estate [Member] | Substandard [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	4,707	4,688
Commercial Real Estate [Member] | Special Mention [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	4,990	4,791
Commercial Real Estate [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	221,742	78,207
Commercial Multi Family Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	19,515	7,444	$ 1,032
Commercial Multi Family Receivable [Member] | Substandard [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross
Commercial Multi Family Receivable [Member] | Special Mention [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	212	278
Commercial Multi Family Receivable [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	19,303	7,166
Commercial [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	289,733	108,510
Consumer Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	$ 50,875	$ 62,911

Loans Receivable and Related 68

Loans Receivable and Related Allowance for Loan Losses (Details 5) - USD ($) $ in Thousands	Sep. 30, 2016	Sep. 30, 2015
Financing Receivable, Impaired [Line Items]
Non-accrual loans	$ 1,617	$ 1,399
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Non-accrual loans	74	20
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Non-accrual loans	193	589
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Non-accrual loans	1,072	599
Construction and Development - Residential and Commercial Receivable [Member]
Financing Receivable, Impaired [Line Items]
Non-accrual loans		12
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Non-accrual loans	$ 278	$ 179

Loans Receivable and Related 69

Loans Receivable and Related Allowance for Loan Losses (Details 6) - USD ($) $ in Thousands	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Financing Receivable, Impaired [Line Items]
Current	$ 571,774	$ 390,241
Past Due	6,612	3,957
Total Loans Receivable	578,386	394,198	$ 388,577
Accruing 90 Days or More Past Due	696
Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	1,918	1,399
Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	1,954	785
Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	2,740	1,773
Commercial [Member]
Financing Receivable, Impaired [Line Items]
Total Loans Receivable	289,733	108,510
Consumer Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total Loans Receivable	50,875	62,911
Construction and Development Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total Loans Receivable	28,592	7,819
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Current	204,816	213,253
Past Due	4,370	1,705
Total Loans Receivable	209,186	214,958	231,324
Accruing 90 Days or More Past Due	509
Residential Mortgage [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	1,275	599
Residential Mortgage [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	1,345	193
Residential Mortgage [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	1,750	913
Construction and Development - Residential and Commercial Receivable [Member]
Financing Receivable, Impaired [Line Items]
Current	18,579	5,665
Past Due		12
Total Loans Receivable	18,579	5,677	5,964
Accruing 90 Days or More Past Due
Construction and Development - Residential and Commercial Receivable [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due		12
Construction and Development - Residential and Commercial Receivable [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due
Construction and Development - Residential and Commercial Receivable [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due
Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Current	1,913	2,329
Past Due	1	30
Total Loans Receivable	1,914	2,359	2,839
Accruing 90 Days or More Past Due
Consumer - Other Receivable [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due
Consumer - Other Receivable [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due
Consumer - Other Receivable [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	1	30
Construction and Development - Land Receivable [Member]
Financing Receivable, Impaired [Line Items]
Current	10,013	2,142
Past Due
Total Loans Receivable	10,013	2,142	1,033
Accruing 90 Days or More Past Due
Construction and Development - Land Receivable [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due
Construction and Development - Land Receivable [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due
Construction and Development - Land Receivable [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Current	27,933	37,010
Past Due	1,271	623
Total Loans Receivable	29,204	37,633	47,034
Accruing 90 Days or More Past Due
Consumer - Second Mortgages Receivable [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	232	179
Consumer - Second Mortgages Receivable [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	566	99
Consumer - Second Mortgages Receivable [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	473	345
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Current	231,059	86,119
Past Due	380	1,567
Total Loans Receivable	231,439	87,686	71,579
Accruing 90 Days or More Past Due	187
Commercial Real Estate [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	380	589
Commercial Real Estate [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due		493
Commercial Real Estate [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due		485
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Current	19,513	22,899
Past Due	244	20
Total Loans Receivable	19,757	22,919	22,292
Accruing 90 Days or More Past Due
Consumer - Home Equity Lines of Credit [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	31	20
Consumer - Home Equity Lines of Credit [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	43
Consumer - Home Equity Lines of Credit [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	170
Commercial Multi Family Receivable [Member]
Financing Receivable, Impaired [Line Items]
Current	19,515	7,444
Past Due
Total Loans Receivable	19,515	7,444	1,032
Accruing 90 Days or More Past Due
Commercial Multi Family Receivable [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due
Commercial Multi Family Receivable [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due
Commercial Multi Family Receivable [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due
Commercial - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Current	38,433	13,380
Past Due	346
Total Loans Receivable	38,779	13,380	$ 5,480
Accruing 90 Days or More Past Due
Commercial - Other Receivable [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due
Commercial - Other Receivable [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due
Commercial - Other Receivable [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	$ 346

Loans Receivable and Related 70

Loans Receivable and Related Allowance for Loan Losses (Details 7) $ in Thousands	12 Months Ended
	Sep. 30, 2016USD ($)Number	Sep. 30, 2015USD ($)Number
Financing Receivable, Impaired [Line Items]
Number of loans | Number	7	5
Recorded investment | $	$ 2,178	$ 1,583
Number of loans subsequently defaulted | Number	1	2
Recorded Investment subsequently defaulted | $	$ 139	$ 492
Construction and Development - Residential and Commercial Receivable [Member]
Financing Receivable, Impaired [Line Items]
Number of loans | Number	1	1
Recorded investment | $	$ 109	$ 109
Number of loans subsequently defaulted | Number
Recorded Investment subsequently defaulted | $
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Number of loans | Number	4	4
Recorded investment | $	$ 1,845	$ 1,474
Number of loans subsequently defaulted | Number		2
Recorded Investment subsequently defaulted | $		$ 492
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Number of loans | Number	2
Recorded investment | $	$ 224
Number of loans subsequently defaulted | Number	1
Recorded Investment subsequently defaulted | $	$ 139

Loans Receivable and Related 71

Loans Receivable and Related Allowance for Loan Losses (Details 8) - USD ($) $ in Thousands	Sep. 30, 2016	Sep. 30, 2015
Financing Receivable, Impaired [Line Items]
Recorded Investment	$ 2,178	$ 1,583
Nonperforming Financing Receivable [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	139	492
Performing Financing Receivable [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	2,039	1,091
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	1,845	1,474
Commercial Real Estate [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment		492
Commercial Real Estate [Member] | Performing Financing Receivable [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	1,845	982
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	224
Residential Mortgage [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	139
Residential Mortgage [Member] | Performing Financing Receivable [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	85
Construction and Development - Residential and Commercial Receivable [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	109	109
Construction and Development - Residential and Commercial Receivable [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment
Construction and Development - Residential and Commercial Receivable [Member] | Performing Financing Receivable [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment	$ 109	$ 109

Loans Receivable and Related 72

Loans Receivable and Related Allowance for Loan Losses (Details 9) $ in Thousands	12 Months Ended
	Sep. 30, 2016USD ($)Number	Sep. 30, 2015USD ($)Number
Financing Receivable, Impaired [Line Items]
Number of loans | Number	3	4
Pre-Modifications Outstanding Recorded Investments	$ 631	$ 1,485
Post-Modifications Outstanding Recorded Investments	$ 631	$ 1,485
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Number of loans | Number	2
Pre-Modifications Outstanding Recorded Investments	$ 245
Post-Modifications Outstanding Recorded Investments	$ 245
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Number of loans | Number	1	4
Pre-Modifications Outstanding Recorded Investments	$ 386	$ 1,485
Post-Modifications Outstanding Recorded Investments	$ 386	$ 1,485

Loans Receivable and Related 73

Loans Receivable and Related Allowance for Loan Losses (Details 10) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Loans and Leases Receivable, Related Parties [Roll Forward]
Balance at beginning of year	$ 5,635	$ 252
New loans	12,249	8,474
Repayments	(9,892)	(3,091)
Balance at end of year	$ 7,992	$ 5,635

Loans Receivable and Related 74

Loans Receivable and Related Allowance for Loan Losses (Details 11) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Servicing Asset at Fair Value, Amount [Roll Forward]
Balance at beginning of year	$ 401	$ 453	$ 271
Amortization	(73)	(82)	22
Addition		30	160
Balance at end of year	$ 328	$ 401	$ 453

Loans Receivable and Related 75

Loans Receivable and Related Allowance for Loan Losses (Details Narrative) $ in Thousands	12 Months Ended
	Sep. 30, 2016USD ($)Number	Sep. 30, 2015USD ($)Number	Sep. 30, 2014USD ($)
Financing Receivable, Impaired [Line Items]
Non accrual loans interest income	$ 48	$ 84	$ 121
Number of loans | Number	7	5
Recorded Investment	$ 2,178	$ 1,583
Number of loans subsequently defaulted | Number	1	2
Recorded Investment subsequently defaulted	$ 139	$ 492
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Number of loans | Number	2
Recorded Investment	$ 224
Number of loans subsequently defaulted | Number	1
Recorded Investment subsequently defaulted	$ 139
Residential Mortgage [Member] | Fixed Rate [Member]
Financing Receivable, Impaired [Line Items]
Sale of loan servicing rights at fair value	6,400	4,100	7,700
Gain on sale of loans, net	$ 116	$ 102	71
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Number of loans | Number	4	4
Recorded Investment	$ 1,845	$ 1,474
Number of loans subsequently defaulted | Number		2
Recorded Investment subsequently defaulted		$ 492
Construction and Development - Residential and Commercial Receivable [Member]
Financing Receivable, Impaired [Line Items]
Number of loans | Number	1	1
Recorded Investment	$ 109	$ 109
Number of loans subsequently defaulted | Number
Recorded Investment subsequently defaulted
Real estate through foreclosure	141	1,200
Mortgage Servicing Rights [Member]
Financing Receivable, Impaired [Line Items]
Servicing Asset	$ 45,400	$ 54,100	$ 59,900
Loan servicing rights, discount rate	11.00%	12.00%

Property and Equipment (Details

Property and Equipment (Details) - USD ($) $ in Thousands		12 Months Ended
		Sep. 30, 2016	Sep. 30, 2015
Property, Plant and Equipment [Line Items]
Property and equipment, gross		$ 17,055	$ 16,306
Accumulated depreciation		(10,418)	(9,771)
Property and equipment, net	[1]	6,637	6,535
Furniture, fixtures and equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross		$ 4,722	4,317
Furniture, fixtures and equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful life (years)		7 years
Furniture, fixtures and equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful life (years)		3 years
Building and improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross		$ 11,400	11,124
Building and improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful life (years)		39 years
Building and improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful life (years)		10 years
Construction in process [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross		$ 222	154
Land [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross		$ 711	$ 711
[1]	As Restated - Note 3

Property and Equipment (Detai77

Property and Equipment (Details Narrative) - USD ($) $ in Thousands		1 Months Ended	12 Months Ended
		Jun. 30, 2014	Sep. 30, 2016		Sep. 30, 2015		Sep. 30, 2014
Property, Plant and Equipment [Abstract]
Depreciation	[1]		$ 650		$ 646		$ 638
Loss on disposal of fixed assets		$ (41)	$ 1	[1]		[1]	$ (41)	[1]
[1]	As Restated - Note 3

Deposits (Details)

Deposits (Details) - USD ($) $ in Thousands		Sep. 30, 2016	Sep. 30, 2015
Deposits:
Savings		$ 44,714	$ 45,189
Money market accounts		177,486	108,706
Interest bearing demand		95,041	82,897
Non-Interest bearing demand		34,547	27,010
Total deposits before certificate accounts		351,788	263,802
Certificates of deposit		250,258	201,720
Total Deposits	[1]	$ 602,046	$ 465,522
Percentage of savings		7.43%	9.71%
Percentage of money market accounts		29.48%	23.35%
Percentage of interest bearing demand		15.78%	17.81%
Percentage of non-interest bearing demand		5.74%	5.80%
Percentage of total deposits before certificate		58.43%	56.67%
Percentage of certificate of deposit		41.57%	43.33%
Percentage of total deposits		100.00%	100.00%
[1]	As Restated - Note 3

Deposits (Details 1)

Deposits (Details 1) - USD ($) $ in Thousands		12 Months Ended
		Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Deposits:
Savings accounts		$ 33	$ 29	$ 27
Money market accounts		874	271	164
Interest bearing demand		139	83	85
Certificates of deposit		3,491	3,048	3,693
Total deposits	[1]	$ 4,537	$ 3,431	$ 3,969
[1]	As Restated - Note 3

Deposits (Details 2)

Deposits (Details 2) $ in Thousands	Sep. 30, 2016USD ($)
Deposits:
2,017	$ 150,614
2,018	48,906
2,019	16,981
2,020	8,218
2,021	16,551
Thereafter	8,988
Time deposits, total	$ 250,258

Deposits (Details Narrative)

Deposits (Details Narrative) - USD ($) $ in Thousands	Sep. 30, 2016	Sep. 30, 2015
Deposits:
Certificates of deposit of $250,000 and greater	$ 13,700	$ 12,200
Related party deposit liabilities	6,400	$ 5,500
Brokered deposits	$ 58,800

Borrowings (Detail Narrative)

Borrowings (Detail Narrative) - Line of Credit [Member] - Federal Home Loan Bank of Pittsburgh [Member] - USD ($) $ in Thousands	Sep. 30, 2016	Sep. 30, 2015
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Maximum borrowing capacity of line of credit facility	$ 127,800	$ 108,500
Interest rate under line of credit facility	0.46%	0.34%
Outstanding long-term FHLB advances	$ 118,000
Potential FHLB advances available	$ 223,000

Borrowings (Details)

Borrowings (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Sep. 30, 2015
Long-Term Borrowings, Amount
2,016		$ 20,000
2,017	35,000
2,018		30,000
2,019	55,000	25,000
2,020	28,000	28,000
Total FHLB Advances	$ 118,000	$ 103,000
Long-Term Borrowings, Weighted Average Rate
2,016		0.61%
2,017	0.22%
2,018		3.38%
2,019	1.62%	2.12%
2,020	2.83%	2.51%
Total FHLB Advances	1.65%	2.48%

Derivatives (Details)

Derivatives (Details) - Other Liabilities [Member] - Designated as Hedging Instrument [Member] - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Interest Rate Swap Due On August 3, 2020 [Member]
Notional Amount	$ 15,000	$ 15,000
Fair Value	$ 394	$ 348
Expiration Date	Aug. 3, 2020	Aug. 3, 2020
Effective Date	Aug. 3, 2015	Aug. 3, 2015
Interest Rate Swap Due On February 1, 2021 [Member]
Notional Amount	$ 20,000
Fair Value	$ 148
Expiration Date	Feb. 1, 2021
Effective Date	Feb. 5, 2016

Derivatives (Details 1)

Derivatives (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Interest Rate Swap Due On August 3, 2020 [Member]
Derivative [Line Items]
Amount of Gain (Loss) Recognized in OCI (Effective Portion)	$ (270)	$ 348
Amount of Gain (Loss) Reclassified from OCI to Interest Expense	(188)	36
Amount of Gain (Loss) Recognized in Other Non-Interest Income (Ineffective Portion)
Interest Rate Contracts [Member]
Derivative [Line Items]
Amount of Gain (Loss) Recognized in OCI (Effective Portion)		348
Amount of Gain (Loss) Reclassified from OCI to Interest Expense		36
Amount of Gain (Loss) Recognized in Other Non-Interest Income (Ineffective Portion)
Interest Rate Swap Due On February 1, 2021 [Member]
Derivative [Line Items]
Amount of Gain (Loss) Recognized in OCI (Effective Portion)	(231)
Amount of Gain (Loss) Reclassified from OCI to Interest Expense	(84)
Amount of Gain (Loss) Recognized in Other Non-Interest Income (Ineffective Portion)

Derivatives (Details Narrative)

Derivatives (Details Narrative) - Interest Rate Swap[Member] - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Derivative [Line Items]
Estimated interest expense	$ 203
Interest expense	272	$ 36
Derivatives net liability position	586	195
Derivatives minimum collateral posting thresholds	$ 800	$ 600

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands		Sep. 30, 2016	Sep. 30, 2015
Assets
Investment securities available for sale, at fair value	[1]	$ 66,387	$ 128,354
Corporate Debt Securities [Member]
Assets
Investment securities available for sale, at fair value		40,202	69,982
Single Issuer Trust Preferred Security [Member]
Assets
Investment securities available for sale, at fair value		878	850
U S States And Political Subdivisions [Member]
Assets
Investment securities available for sale, at fair value		25,307	42,083
Available For Sale Securities Before Mortgage Backed [Member]
Assets
Investment securities available for sale, at fair value			113,730
Mortgage Backed Securities [Member]
Assets
Investment securities available for sale, at fair value			14,624
U S Government Agencies Debt Securities [Member]
Assets
Investment securities available for sale, at fair value			815
Fixed Rate [Member] | Federal National Mortgage Association Certificates And Obligations F N M A [Member]
Assets
Investment securities available for sale, at fair value			8,692
Fixed Rate [Member] | Federal Home Loan Mortgage Corporation Certificates And Obligations F H L M C [Member]
Assets
Investment securities available for sale, at fair value			5,932
Fair Value, Measurements, Recurring [Member]
Assets
Investment securities available for sale, at fair value		66,387	128,354
Liabilities
Derivative instruments		542	348
Fair Value, Measurements, Recurring [Member] | Corporate Debt Securities [Member]
Assets
Investment securities available for sale, at fair value		40,202	69,982
Fair Value, Measurements, Recurring [Member] | Single Issuer Trust Preferred Security [Member]
Assets
Investment securities available for sale, at fair value		878	850
Fair Value, Measurements, Recurring [Member] | U S States And Political Subdivisions [Member]
Assets
Investment securities available for sale, at fair value		25,307	42,083
Fair Value, Measurements, Recurring [Member] | Available For Sale Securities Before Mortgage Backed [Member]
Assets
Investment securities available for sale, at fair value			113,730
Fair Value, Measurements, Recurring [Member] | Mortgage Backed Securities [Member]
Assets
Investment securities available for sale, at fair value			14,624
Fair Value, Measurements, Recurring [Member] | U S Government Agencies Debt Securities [Member]
Assets
Investment securities available for sale, at fair value			815
Fair Value, Measurements, Recurring [Member] | Fixed Rate [Member] | Federal National Mortgage Association Certificates And Obligations F N M A [Member]
Assets
Investment securities available for sale, at fair value			8,692
Fair Value, Measurements, Recurring [Member] | Fixed Rate [Member] | Federal Home Loan Mortgage Corporation Certificates And Obligations F H L M C [Member]
Assets
Investment securities available for sale, at fair value			5,932
Fair Value, Inputs, Level 3 [Member]
Assets
Investment securities available for sale, at fair value
Liabilities
Derivative instruments
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member]
Assets
Investment securities available for sale, at fair value
Liabilities
Derivative instruments
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Corporate Debt Securities [Member]
Assets
Investment securities available for sale, at fair value
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Single Issuer Trust Preferred Security [Member]
Assets
Investment securities available for sale, at fair value
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | U S States And Political Subdivisions [Member]
Assets
Investment securities available for sale, at fair value
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Available For Sale Securities Before Mortgage Backed [Member]
Assets
Investment securities available for sale, at fair value
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Mortgage Backed Securities [Member]
Assets
Investment securities available for sale, at fair value
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | U S Government Agencies Debt Securities [Member]
Assets
Investment securities available for sale, at fair value
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Fixed Rate [Member] | Federal National Mortgage Association Certificates And Obligations F N M A [Member]
Assets
Investment securities available for sale, at fair value
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Fixed Rate [Member] | Federal Home Loan Mortgage Corporation Certificates And Obligations F H L M C [Member]
Assets
Investment securities available for sale, at fair value
Fair Value, Inputs, Level 2 [Member]
Assets
Investment securities available for sale, at fair value		66,387	128,354
Liabilities
Derivative instruments		542	348
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member]
Assets
Investment securities available for sale, at fair value		66,387	128,354
Liabilities
Derivative instruments		542	348
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Corporate Debt Securities [Member]
Assets
Investment securities available for sale, at fair value		40,202	69,982
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Single Issuer Trust Preferred Security [Member]
Assets
Investment securities available for sale, at fair value		878	850
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | U S States And Political Subdivisions [Member]
Assets
Investment securities available for sale, at fair value		25,307	42,083
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Available For Sale Securities Before Mortgage Backed [Member]
Assets
Investment securities available for sale, at fair value			113,730
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Mortgage Backed Securities [Member]
Assets
Investment securities available for sale, at fair value			14,624
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | U S Government Agencies Debt Securities [Member]
Assets
Investment securities available for sale, at fair value			815
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Fixed Rate [Member] | Federal National Mortgage Association Certificates And Obligations F N M A [Member]
Assets
Investment securities available for sale, at fair value			8,692
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Fixed Rate [Member] | Federal Home Loan Mortgage Corporation Certificates And Obligations F H L M C [Member]
Assets
Investment securities available for sale, at fair value			5,932
Fair Value, Inputs, Level 1 [Member]
Assets
Investment securities available for sale, at fair value
Liabilities
Derivative instruments
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member]
Assets
Investment securities available for sale, at fair value
Liabilities
Derivative instruments
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | Corporate Debt Securities [Member]
Assets
Investment securities available for sale, at fair value
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | Single Issuer Trust Preferred Security [Member]
Assets
Investment securities available for sale, at fair value
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | U S States And Political Subdivisions [Member]
Assets
Investment securities available for sale, at fair value
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | Available For Sale Securities Before Mortgage Backed [Member]
Assets
Investment securities available for sale, at fair value
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | Mortgage Backed Securities [Member]
Assets
Investment securities available for sale, at fair value
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | U S Government Agencies Debt Securities [Member]
Assets
Investment securities available for sale, at fair value
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | Fixed Rate [Member] | Federal National Mortgage Association Certificates And Obligations F N M A [Member]
Assets
Investment securities available for sale, at fair value
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | Fixed Rate [Member] | Federal Home Loan Mortgage Corporation Certificates And Obligations F H L M C [Member]
Assets
Investment securities available for sale, at fair value
[1]	As Restated - Note 3

Fair Value Measurements (Deta88

Fair Value Measurements (Details 1) - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Thousands	Sep. 30, 2016	Sep. 30, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value, nonrecurring basis	$ 8	$ 78
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value, nonrecurring basis		30
Fair Value, Inputs, Level 1 [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	8	48
Impaired Loans Net [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value, nonrecurring basis	8	48
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 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 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value, nonrecurring basis	$ 8	48
Mortgage Servicing Rights [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value, nonrecurring basis		30
Mortgage Servicing Rights [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value, nonrecurring basis		30
Mortgage Servicing Rights [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value, nonrecurring basis
Mortgage Servicing Rights [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value, nonrecurring basis

Fair Value Measurements (Deta89

Fair Value Measurements (Details 2) - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 8	$ 78
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	8	48
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value		30
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value
Impaired Loans Net [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	8	48
Impaired Loans Net [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 8	$ 48
Valuation Technique	Appraisal of collateral	Appraisal of collateral
Unobservable Input	Collateral discounts	Collateral discounts
Impaired Loans Net [Member] | Fair Value, Inputs, Level 3 [Member] | Minimum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Inputs, Discount Rate	0.00%	65.00%
Impaired Loans Net [Member] | Fair Value, Inputs, Level 3 [Member] | Maximum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Inputs, Discount Rate	0.00%	80.00%
Impaired Loans Net [Member] | Fair Value, Inputs, Level 3 [Member] | Weighted Average [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Inputs, Discount Rate		74.00%
Impaired Loans Net [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value
Impaired Loans Net [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value
Mortgage Servicing Rights [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value		30
Mortgage Servicing Rights [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value
Mortgage Servicing Rights [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value		$ 30
Valuation Technique		Discount rate
Mortgage Servicing Rights [Member] | Fair Value, Inputs, Level 2 [Member] | Discount Rate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Valuation Technique		Rate used through modeling period
Mortgage Servicing Rights [Member] | Fair Value, Inputs, Level 2 [Member] | Loan Prepayment Speeds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Valuation Technique		Weighted-average conditional prepayment rate
Mortgage Servicing Rights [Member] | Fair Value, Inputs, Level 2 [Member] | Servicing Fees [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Valuation Technique		Of loan balance
Mortgage Servicing Rights [Member] | Fair Value, Inputs, Level 2 [Member] | Servicing Costs Monthly Servicing Cost Per Account [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Valuation Technique		Monthly servicing cost per account
Mortgage Servicing Rights [Member] | Fair Value, Inputs, Level 2 [Member] | Servicing Costs Additional Monthly Servicing Cost Per Loan On Loans More Than30 Days Delinquent [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Valuation Technique		Additional monthly servicing cost per loan on loans more than 30 days delinquent
Mortgage Servicing Rights [Member] | Fair Value, Inputs, Level 2 [Member] | Minimum [Member] | Discount Rate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Inputs, Discount Rate		11.00%
Mortgage Servicing Rights [Member] | Fair Value, Inputs, Level 2 [Member] | Maximum [Member] | Discount Rate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Inputs, Discount Rate		12.00%
Mortgage Servicing Rights [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value

Fair Value Measurements (Deta90

Fair Value Measurements (Details 3) - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 8	$ 78
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	8	48
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value		30
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value
Impaired Loans Net [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	8	48
Impaired Loans Net [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 8	$ 48
Valuation Technique	Appraisal of collateral	Appraisal of collateral
Unobservable Input	Collateral discounts	Collateral discounts
Impaired Loans Net [Member] | Fair Value, Inputs, Level 3 [Member] | Minimum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Inputs, Discount Rate	0.00%	65.00%
Impaired Loans Net [Member] | Fair Value, Inputs, Level 3 [Member] | Maximum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Inputs, Discount Rate	0.00%	80.00%
Impaired Loans Net [Member] | Fair Value, Inputs, Level 3 [Member] | Weighted Average [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Inputs, Discount Rate		74.00%
Impaired Loans Net [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value
Impaired Loans Net [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value
Mortgage Servicing Rights [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value		30
Mortgage Servicing Rights [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value
Mortgage Servicing Rights [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value		$ 30
Valuation Technique		Discount rate
Mortgage Servicing Rights [Member] | Fair Value, Inputs, Level 2 [Member] | Servicing Costs Additional Monthly Servicing Cost Per Loan On Loans More Than30 Days Delinquent [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Valuation Technique		Additional monthly servicing cost per loan on loans more than 30 days delinquent
Mortgage Servicing Rights [Member] | Fair Value, Inputs, Level 2 [Member] | Discount Rate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Valuation Technique		Rate used through modeling period
Mortgage Servicing Rights [Member] | Fair Value, Inputs, Level 2 [Member] | Loan Prepayment Speeds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Valuation Technique		Weighted-average conditional prepayment rate
Fair Value Inputs, Prepayment Rate		14.73%
Mortgage Servicing Rights [Member] | Fair Value, Inputs, Level 2 [Member] | Servicing Fees [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Valuation Technique		Of loan balance
Servicing fees		0.25%
Mortgage Servicing Rights [Member] | Fair Value, Inputs, Level 2 [Member] | Servicing Costs Monthly Servicing Cost Per Account [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Valuation Technique		Monthly servicing cost per account
Servicing costs (in dollars per share)		$ 6.25
Mortgage Servicing Rights [Member] | Fair Value, Inputs, Level 2 [Member] | Minimum [Member] | Servicing Costs Additional Monthly Servicing Cost Per Loan On Loans More Than30 Days Delinquent [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Additional monthly servicing cost per loan		$ 300
Mortgage Servicing Rights [Member] | Fair Value, Inputs, Level 2 [Member] | Minimum [Member] | Discount Rate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Inputs, Discount Rate		11.00%
Mortgage Servicing Rights [Member] | Fair Value, Inputs, Level 2 [Member] | Maximum [Member] | Servicing Costs Additional Monthly Servicing Cost Per Loan On Loans More Than30 Days Delinquent [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Additional monthly servicing cost per loan		$ 500
Mortgage Servicing Rights [Member] | Fair Value, Inputs, Level 2 [Member] | Maximum [Member] | Discount Rate [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Inputs, Discount Rate		12.00%
Mortgage Servicing Rights [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value

Fair Value Measurements (Deta91

Fair Value Measurements (Details 4) - USD ($) $ in Thousands		Sep. 30, 2016	Sep. 30, 2015
Financial assets:
Investment securities available-for-sale	[1]	$ 66,387	$ 128,354
Investment securities held-to-maturity, fair value		40,817	56,825
Fair Value [Member]
Financial assets:
Cash and cash equivalents		96,762	40,263
Investment securities available-for-sale		66,387	128,354
Investment securities held-to-maturity, fair value		40,817	56,825
Loans receivable, net (including impaired loans)		589,844	400,305
Accrued interest receivable		2,558	2,484
Restricted stock		5,424	4,765
Mortgage servicing rights (included in Other Assets)		308	416
Financial liabilities:
Savings accounts		44,714	45,189
Checking and NOW accounts		129,588	109,907
Money market accounts		177,486	108,706
Certificates of deposit		252,232	203,257
FHLB advances		119,946	104,889
Derivatives (included in Other Liabilities)		542	348
Accrued interest payable		427	396
Carrying Amount [Member]
Financial assets:
Cash and cash equivalents		96,762	40,263
Investment securities available-for-sale		66,387	128,354
Investment securities held-to-maturity, fair value		40,551	57,221
Loans receivable, net (including impaired loans)		574,160	391,307
Accrued interest receivable		2,558	2,484
Restricted stock		5,424	4,765
Mortgage servicing rights (included in Other Assets)		328	401
Financial liabilities:
Savings accounts		44,714	45,189
Checking and NOW accounts		129,588	109,907
Money market accounts		177,486	108,706
Certificates of deposit		250,258	201,720
FHLB advances		118,000	103,000
Derivatives (included in Other Liabilities)		542	348
Accrued interest payable		427	396
Fair Value, Inputs, Level 2 [Member]
Financial assets:
Cash and cash equivalents
Investment securities available-for-sale		66,387	128,354
Investment securities held-to-maturity, fair value		40,817	56,825
Loans receivable, net (including impaired loans)
Accrued interest receivable		2,558	2,484
Restricted stock		5,424	4,765
Mortgage servicing rights (included in Other Assets)		308	416
Financial liabilities:
Savings accounts		44,714	45,189
Checking and NOW accounts		129,588	109,907
Money market accounts		177,486	108,706
Certificates of deposit		252,232	203,257
FHLB advances		119,946	104,889
Derivatives (included in Other Liabilities)		542	348
Accrued interest payable		427	396
Fair Value, Inputs, Level 3 [Member]
Financial assets:
Cash and cash equivalents
Investment securities available-for-sale
Investment securities held-to-maturity, fair value
Loans receivable, net (including impaired loans)		589,844	400,305
Accrued interest receivable
Restricted stock
Mortgage servicing rights (included in Other Assets)
Financial liabilities:
Savings accounts
Checking and NOW accounts
Money market accounts
Certificates of deposit
FHLB advances
Derivatives (included in Other Liabilities)
Accrued interest payable
Fair Value, Inputs, Level 1 [Member]
Financial assets:
Cash and cash equivalents		96,762	40,263
Investment securities available-for-sale
Investment securities held-to-maturity, fair value
Loans receivable, net (including impaired loans)
Accrued interest receivable
Restricted stock
Mortgage servicing rights (included in Other Assets)
Financial liabilities:
Savings accounts
Checking and NOW accounts
Money market accounts
Certificates of deposit
FHLB advances
Derivatives (included in Other Liabilities)
Accrued interest payable
[1]	As Restated - Note 3

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands		Sep. 30, 2016	Sep. 30, 2015
Deferred Tax Assets:
Unrealized loss on investments available for sale			$ 383
Allowance for loan losses		3,299	2,985
Non-accrual interest		56	98
Write-down of real estate owned			106
Alternative minimum tax (AMT) credit carryover		287	128
Low-income housing tax credit carryover		217	337
Supplement Employer Retirement Plan		412	455
Charitable contributions		61	36
Depreciation		60	205
Federal net operating loss		4,344	6,375
Other		651	338
Total Deferred Tax Assets		9,387	11,446
Valuation allowance for DTA		(61)	(8,043)
Total Deferred Tax Assets, Net of Valuation Allowance		9,326	3,403
Deferred Tax Liabilities:
State net operating income			(187)
Unrealized gain on investments available-for-sale		(152)
Mortgage servicing rights		(112)	(136)
Other		(235)	(206)
Total Deferred Tax Liabilities		(499)	(529)
Deferred Tax Assets, Net	[1]	$ 8,827	$ 2,874
[1]	As Restated - Note 3

Income Taxes (Details 1)

Income Taxes (Details 1) - USD ($)

3 Months Ended

12 Months Ended

Sep. 30, 2016

Jun. 30, 2016

Mar. 31, 2016

Dec. 31, 2015

Sep. 30, 2015

Jun. 30, 2015

Mar. 31, 2015

Dec. 31, 2014

Sep. 30, 2016

Sep. 30, 2015

Sep. 30, 2014

Federal:

Current

$ 142,000

$ 65,000

Deferred

(6,316,000)

(1,035,000)

(367,000)

Federal income tax expense (benefit), Total

(6,174,000)

(970,000)

(367,000)

State, current

Total

$ (6,174,000)

$ (341,000)

$ 882,000

$ (1,081,000)

$ (430,000)

$ (6,174,000)

[1]

$ (970,000)

[1]

$ (367,000)

[1]

[1]

As Restated - Note 3

Income Taxes (Details 2)

Income Taxes (Details 2) - USD ($)	3 Months Ended								12 Months Ended
	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2016		Sep. 30, 2015		Sep. 30, 2014
Income Tax Disclosure [Abstract]
At federal statutory rate at 34%									$ 2,032,000		$ 1,257,000
Adjustments resulting from:
Tax-exempt interest									(265,000)		(186,000)
Earnings on bank-owned life insurance									(176,000)		(231,000)
Federal tax on cash surrender of BOLI													21,000
DTA valuation allowance									(8,007,000)		(2,031,000)		(388,000)
Other									242,000		221,000
Total	$ (6,174,000)				$ (341,000)	$ 882,000	$ (1,081,000)	$ (430,000)	$ (6,174,000)	[1]	$ (970,000)	[1]	$ (367,000)	[1]
Effective tax rate									(103.30%)		(26.20%)		(106.70%)
[1]	As Restated - Note 3

Income Taxes (Details Narrative

Income Taxes (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Income Tax Contingency [Line Items]
Operating loss carryforwards	$ 4,300
Federal net operating loss carryforwards expiration date	Sep. 30, 2031
Low income housing credit carryforwards	$ 217	$ 337
Low income housing credit carryforwards expiration dates	September 30, 2030 and 2031.
Charitable contributions carryforwards	$ 180
Deferred tax assets charitable contribution carryforwards	$ 61	$ 36
Charitable contributions carryforwards expiration dates	fiscal year ending September 30, 2018
Statutory federal income tax rate	34.00%
Domestic Tax Authority [Member]
Income Tax Contingency [Line Items]
Operating loss carryforwards	$ 12,700

Leases (Details)

Leases (Details) $ in Thousands	Sep. 30, 2016USD ($)
Leases [Abstract]
2,017	$ 385
2,018	429
2,019	431
2,020	434
2,021	466
Thereafter	2,225
Total payments	$ 4,370

Leases (Details 1)

Leases (Details 1) $ in Thousands	Sep. 30, 2016USD ($)
Leases [Abstract]
2,017	$ 133
2,018	22
2,019
2,020
2,021
Total Payments Receivable	$ 155

Commitments and Contingencies98

Commitments and Contingencies (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Sep. 30, 2015
Supply Commitment [Line Items]
Commitments	$ 207,415	$ 95,116
Undisbursed Commercial Unsecured Lines Of Credit [Member]
Supply Commitment [Line Items]
Commitments	26,395	5,275
Standby Letters Of Credit [Member]
Supply Commitment [Line Items]
Commitments	1,927	566
Undisbursed Commercial Lines Of Credit [Member]
Supply Commitment [Line Items]
Commitments	22,272	20,325
Undisbursed home equity lines of credit [Member]
Supply Commitment [Line Items]
Commitments	25,270	27,074
Undisbursed construction loans [Member]
Supply Commitment [Line Items]
Commitments	33,135	14,187
Future loan commitments [Member]
Supply Commitment [Line Items]
Commitments	97,566	26,849
Overdraft Protection Lines [Member]
Supply Commitment [Line Items]
Commitments	$ 850	$ 840

Commitments and Contingencies99

Commitments and Contingencies (Details Narrative) - USD ($) $ in Thousands	Sep. 30, 2016	Sep. 30, 2015
Supply Commitment [Line Items]
Remaining minimum amount committed	$ 207,415	$ 95,116
Undisbursed Commercial Unsecured Lines Of Credit [Member]
Supply Commitment [Line Items]
Remaining minimum amount committed	26,395	5,275
Standby Letters Of Credit [Member]
Supply Commitment [Line Items]
Remaining minimum amount committed	1,927	566
Undisbursed Commercial Lines Of Credit [Member]
Supply Commitment [Line Items]
Remaining minimum amount committed	22,272	20,325
Undisbursed home equity lines of credit [Member]
Supply Commitment [Line Items]
Remaining minimum amount committed	25,270	27,074
Undisbursed construction loans [Member]
Supply Commitment [Line Items]
Remaining minimum amount committed	33,135	14,187
Future loan commitments [Member]
Supply Commitment [Line Items]
Remaining minimum amount committed	97,566	26,849
Overdraft Protection Lines [Member]
Supply Commitment [Line Items]
Remaining minimum amount committed	$ 850	$ 840

Regulatory Matters (Details)

Regulatory Matters (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Jan. 02, 2016	Sep. 30, 2015	Jan. 02, 2015
Total risk-based Capital (to risk-weighted assets): Actual Amount	$ 92,092		$ 75,117
Core Capital (to adjusted tangible assets): Actual Ratio	10.98%		10.80%
Tier 1 Capital (to risk-weighted assets): Actual Ratio	14.50%		16.99%
Total risk-based Capital (to risk-weighted assets): Actual Ratio	15.42%		16.99%
Malvern Federal Savings Bank [Member]
Core Capital (to adjusted tangible assets): Actual Amount	$ 86,596		$ 70,388
Common equity Tier 1(to risk-weighted assets): Actual Amount	86,596		70,388
Tier 1 Capital (to risk-weighted assets): Actual Amount	86,596		70,388
Total risk-based Capital (to risk-weighted assets): Actual Amount	$ 92,092		$ 75,117
Core Capital (to adjusted tangible assets): Actual Ratio	10.98%		11.01%
Common equity Tier 1(to risk-weighted assets): Actual Ratio	14.50%		16.21%
Tier 1 Capital (to risk-weighted assets): Actual Ratio	14.50%		16.21%
Total risk-based Capital (to risk-weighted assets): Actual Ratio	15.42%	10.50%	17.30%
Core Capital (to adjusted tangible assets): For Capital Adequacy Purposes Amount	$ 31,533		$ 25,573
Common equity Tier 1(to risk-weighted assets): For Capital Adequacy Purposes Amount	26,875		19,538
Tier 1 Capital (to risk-weighted assets): For Capital Adequacy Purposes Amount	35,834		26,051
Total risk-based Capital (to risk-weighted assets): For Capital Adequacy Purposes Amount	$ 47,779		$ 34,734
Core Capital (to adjusted tangible assets): For Capital Adequacy Purposes Ratio	4.00%		4.00%
Common equity Tier 1(to risk-weighted assets): For Capital Adequacy Purposes Ratio	4.50%	7.00%	4.50%	4.50%
Tier 1 Capital (to risk-weighted assets): For Capital Adequacy Purposes Ratio	6.00%	8.50%	6.00%	6.00%
Total risk-based Capital (to risk-weighted assets): For Capital Adequacy Purposes Ratio	8.00%		8.00%
Core Capital (to adjusted tangible assets): To be Well Capitalized under Prompt Corrective Action Provisions Capital Amount	$ 39,417		$ 31,966
Common equity Tier 1(to risk-weighted assets): To be Well Capitalized under Prompt Corrective Action Provisions Capital Amount	38,820		28,222
Tier 1 Capital (to risk-weighted assets): To be Well Capitalized under Prompt Corrective Action Provisions Capital Amount	47,779		34,734
Total risk-based Capital (to risk-weighted assets): To be Well Capitalized under Prompt Corrective Action Provisions Capital Amount	$ 59,723		$ 43,418
Core Capital (to adjusted tangible assets): To be Well Capitalized under Prompt Corrective Action Provisions Ratio	5.00%		5.00%
Common equity Tier 1(to risk-weighted assets): To be Well Capitalized under Prompt Corrective Action Provisions Ratio	6.50%		6.50%
Tier 1 Capital (to risk-weighted assets): To be Well Capitalized under Prompt Corrective Action Provisions Ratio	8.00%		8.00%
Total risk-based Capital (to risk-weighted assets): To be Well Capitalized under Prompt Corrective Action Provisions Ratio	10.00%		10.00%
Parent Company [Member]
Core Capital (to adjusted tangible assets): Actual Amount	$ 91,876
Common equity Tier 1(to risk-weighted assets): Actual Amount	91,876
Tier 1 Capital (to risk-weighted assets): Actual Amount	91,876
Total risk-based Capital (to risk-weighted assets): Actual Amount	$ 97,372
Core Capital (to adjusted tangible assets): Actual Ratio	11.64%
Common equity Tier 1(to risk-weighted assets): Actual Ratio	15.37%
Tier 1 Capital (to risk-weighted assets): Actual Ratio	15.37%
Total risk-based Capital (to risk-weighted assets): Actual Ratio	16.29%
Core Capital (to adjusted tangible assets): For Capital Adequacy Purposes Amount	$ 31,561
Common equity Tier 1(to risk-weighted assets): For Capital Adequacy Purposes Amount	26,894
Tier 1 Capital (to risk-weighted assets): For Capital Adequacy Purposes Amount	35,859
Total risk-based Capital (to risk-weighted assets): For Capital Adequacy Purposes Amount	$ 47,812
Core Capital (to adjusted tangible assets): For Capital Adequacy Purposes Ratio	4.00%
Common equity Tier 1(to risk-weighted assets): For Capital Adequacy Purposes Ratio	4.50%
Tier 1 Capital (to risk-weighted assets): For Capital Adequacy Purposes Ratio	6.00%
Total risk-based Capital (to risk-weighted assets): For Capital Adequacy Purposes Ratio	8.00%
Core Capital (to adjusted tangible assets): To be Well Capitalized under Prompt Corrective Action Provisions Capital Amount	$ 39,452
Common equity Tier 1(to risk-weighted assets): To be Well Capitalized under Prompt Corrective Action Provisions Capital Amount	38,847
Tier 1 Capital (to risk-weighted assets): To be Well Capitalized under Prompt Corrective Action Provisions Capital Amount	47,812
Total risk-based Capital (to risk-weighted assets): To be Well Capitalized under Prompt Corrective Action Provisions Capital Amount	$ 59,765
Core Capital (to adjusted tangible assets): To be Well Capitalized under Prompt Corrective Action Provisions Ratio	5.00%
Common equity Tier 1(to risk-weighted assets): To be Well Capitalized under Prompt Corrective Action Provisions Ratio	6.50%
Tier 1 Capital (to risk-weighted assets): To be Well Capitalized under Prompt Corrective Action Provisions Ratio	8.00%
Total risk-based Capital (to risk-weighted assets): To be Well Capitalized under Prompt Corrective Action Provisions Ratio	10.00%

Regulatory Matters (Details 1)

Regulatory Matters (Details 1) - USD ($) $ in Thousands	Sep. 30, 2016	Sep. 30, 2015
Banking and Thrift [Abstract]
Bank GAAP equity	$ 90,877	$ 69,309
Disallowed portion of deferred tax asset	(4,344)
Net unrealized gain on securities available for sale, net of income taxes	(294)	743
Net unrealized gain on derivatives, net of income taxes	357	336
Tangible Capital, Core Capital and Tier 1 Capital	86,596	70,388
Allowance for loan losses	5,496	4,729
Total Risk-Based Capital	$ 92,092	$ 75,117

Regulatory Matters (Details Nar

Regulatory Matters (Details Narrative)	Sep. 30, 2016	Jan. 02, 2016	Sep. 30, 2015	Jan. 02, 2015
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Total capital ratio	15.42%		16.99%
Parent Company [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Common equity Tier 1 capital ratio	4.50%
Tier 1 capital ratio	6.00%
Total capital ratio	16.29%
Malvern Federal Savings Bank [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Common equity Tier 1 capital ratio	4.50%	7.00%	4.50%	4.50%
Tier 1 capital ratio	6.00%	8.50%	6.00%	6.00%
Tier 1 Capital coservation buffer		2.50%
Total capital ratio	15.42%	10.50%	17.30%
Capital conservation buffer percentage of risk-weighted assets		0.625%

Comprehensive Income (Loss) (De

Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Equity [Abstract]
Net unrealized holding gains (losses) on available-for-sale securities	$ 447	$ (1,011)	$ (2,736)
Tax effect	(152)	344	931
Net of tax amount	295	(667)	(1,805)
Net unrealized holding losses on securities available-for-sale transferred to held-to-maturity		(115)
Tax effect		39
Net of tax amount		(76)
Fair value adjustment on derivatives	(542)	(348)
Tax effect	184	12
Net of tax amount	(358)	(336)
Total accumulated other comprehensive loss	$ (63)	$ (1,079)	$ (1,805)

Comprehensive Income (Loss) 104

Comprehensive Income (Loss) (Details 1) - USD ($) $ in Thousands		12 Months Ended
		Sep. 30, 2016		Sep. 30, 2015		Sep. 30, 2014
Equity [Abstract]
Net unrealized holding gains (losses) on available-for-sale securities	[1]	$ 2,128		$ 2,120		$ 1,419
Net realized gain on securities available-for-sale	[1],[2]	(565)		(515)		(83)
Amortization of unrealized holding losses on securities available- for-sale transferred to held-to-maturity	[1],[3]	9		5
Fair value adjustment on derivatives		(194)	[1]	(348)	[1]
Other comprehensive income before taxes		1,378		1,262		1,336
Tax effect		(362)		(536)		(453)
Total comprehensive income	[1]	$ 1,016		$ 726		$ 883
[1]	As Restated - Note 3
[2]	Amounts are included in net gain on sales of securities on the Consolidated Statements of Operations in total other income.
[3]	Amounts are included in interest and dividends on investment securities on the Consolidated Statements of Operations.

Equity Based Incentive Compe105

Equity Based Incentive Compensation Plan (Details) - Stock Option [Member] - Malvern Bancorp, Inc. 2014 Long Term Incentive Compensation Plan (the 2014 Plan) [Member]	12 Months Ended
	Sep. 30, 2016$ / shares
Weighted average fair value of awards	$ 5.15
Risk-free rate	1.45%
Dividend yield
Volatility	28.88%
Expected life (in years)	6 years 6 months

Equity Based Incentive Compe106

Equity Based Incentive Compensation Plan (Details 1) - Stock Option [Member] - Malvern Bancorp, Inc. 2014 Long Term Incentive Compensation Plan (the 2014 Plan) [Member] $ / shares in Units, $ in Thousands	12 Months Ended
	Sep. 30, 2016USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding, beginning of year
Granted	5,000
Exercised
Forfeited/cancelled/expired
Outstanding, end of year	5,000
Vested and expected to vest, end of year	5,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward]
Granted | $ / shares	$ 16.02
Exercised | $ / shares
Forfeited/cancelled/expired | $ / shares
Outstanding, end of year | $ / shares	16.02
Vested and expected to vest, end of year | $ / shares	$ 16.02
Share-based Compensation Arrangement by Share-based Payment Award, Options, Weighted Average Remaining Contractual Life [Roll Forward]
Outstanding, end of year	9 years 5 months 29 days
Vested and expected to vest, end of year	9 years 5 months 29 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Aggregate Intrinsic Value [Roll Forward]
Outstanding, end of year | $	$ 1,900
Vested and expected to vest, end of year | $	$ 1,900

Equity Based Incentive Compe107

Equity Based Incentive Compensation Plan (Details 2) - Restricted Stock [Member] - Malvern Bancorp, Inc. 2014 Long Term Incentive Compensation Plan (the 2014 Plan) [Member]	12 Months Ended
	Sep. 30, 2016$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Outstanding, beginning of year
Granted	2,240
Vested
Forfeited/cancelled/expired	(310)
Outstanding, end of year	1,930
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Outstanding, beginning of year | $ / shares	$ 17.4
Granted | $ / shares
Vested | $ / shares	17.4
Forfeited/cancelled/expired | $ / shares	$ 17.4

Equity Based Incentive Compe108

Equity Based Incentive Compensation Plan (Details Narrative) - Malvern Bancorp, Inc. 2014 Long Term Incentive Compensation Plan (the 2014 Plan) [Member] - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Maximum number of shares available for grants	400,000
Remaining shares available for future grants	393,070
Description of vesting right	Restricted stock and option awards granted during fiscal 2016 vest in 20% increments beginning on the one year anniversary of the grant date.
Restricted Stock [Member]
Share-based compensation	$ 5	$ 0	$ 0
Compensation cost not yet recognized	$ 29
Weighted average period	9 years 3 months
Stock Option [Member]
Award expiration period	10 years
Share-based compensation	$ 3	$ 0	$ 0

Condensed Financial Informat109

Condensed Financial Information - Parent Company Only (Details) - USD ($) $ in Thousands		Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013
Assets
Cash and Cash Equivalents	[1]	$ 96,762	$ 40,263	$ 19,187	$ 23,687
Investment in subsidiaries		(90,877)	(69,309)
Investment securities held to maturity, (fair value at $5,666)	[1]	40,551	57,221
Loans receivable, net	[1]	574,160	391,307
Other assets	[1]	1,548	2,814
Total Assets	[1]	821,272	655,690
Liabilities
Shareholders' equity	[1]	96,157	82,749	77,160	75,406
Total Liabilities and Shareholders' Equity	[1]	821,272	655,690
Parent Company [Member]
Assets
Cash and Cash Equivalents		3,192	5,325	$ 2,438	$ 2,394
Investment in subsidiaries		90,877	69,309
Investment securities held to maturity, (fair value at $5,666)			5,762
Loans receivable, net		1,709	1,842
Other assets		418	532
Total Assets		96,196	82,770
Liabilities
Accounts payable		39	21
Shareholders' equity		96,157	82,749
Total Liabilities and Shareholders' Equity		$ 96,196	$ 82,770
[1]	As Restated - Note 3

Condensed Financial Informat110

Condensed Financial Information - Parent Company Only (Details 1) - USD ($)		3 Months Ended								12 Months Ended
		Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2016		Sep. 30, 2015		Sep. 30, 2014
Income
Interest income	[1]									$ 21,206,000		$ 16,484,000		$ 17,736,000
Total Interest Income		$ 6,817,000	$ 6,530,000	$ 6,210,000	$ 5,687,000	$ 5,344,000	$ 5,139,000	$ 5,166,000	$ 4,813,000	25,244,000	[1]	20,462,000	[1]	20,167,000	[1]
Expense
Other operating expenses	[1]									2,264,000		2,464,000		2,336,000
Total Other Expenses		3,759,000	3,378,000	3,360,000	3,425,000	3,454,000	3,273,000	3,573,000	3,661,000	13,922,000	[1]	13,961,000	[1]	16,644,000	[1]
Income tax expense		(6,174,000)				(341,000)	882,000	(1,081,000)	(430,000)	(6,174,000)	[1]	(970,000)	[1]	(367,000)	[1]
Net Income		$ 7,951,000	$ 1,589,000	$ 1,266,000	$ 1,344,000	$ 1,505,000	$ 323,000	$ 2,089,000	$ 751,000	12,150,000	[1]	4,668,000	[1]	711,000	[1]
Parent Company [Member]
Income
Interest income										116,000		196,000		254,000
Total Interest Income										116,000		196,000		254,000
Expense
Other operating expenses										189,000		251,000		331,000
Total Other Expenses										189,000		251,000		331,000
Loss before Equity in Undistributed Net Income of Subsidiaries and Income Tax Expense										(73,000)		(55,000)		(77,000)
Equity in Undistributed Net Income of Subsidiaries										12,334,000		4,723,000		788,000
Income tax expense										111,000
Net Income										$ 12,150,000		$ 4,668,000		$ 711,000
[1]	As Restated - Note 3

Condensed Financial Informat111

Condensed Financial Information - Parent Company Only (Details 2) - USD ($) $ in Thousands		3 Months Ended								12 Months Ended
		Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2016		Sep. 30, 2015		Sep. 30, 2014
Condensed Balance Sheet Statements, Captions [Line Items]
Net Income		$ 7,951	$ 1,589	$ 1,266	$ 1,344	$ 1,505	$ 323	$ 2,089	$ 751	$ 12,150	[1]	$ 4,668	[1]	$ 711	[1]
Other Comprehensive Income, Net of Tax:
Unrealized holding gains (losses) on available-for- sale securities	[1]									2,128		2,120		1,419
Tax effect	[1]									(723)		(721)		(482)
Net of tax amount	[1]									1,405		1,399		937
Reclassification adjustment for net gains arising during the period	[1],[2]									565		515		83
Tax effect	[1]									(192)		(175)		(29)
Net of tax amount	[1]									373		340		54
Accretion of unrealized holding losses on securities transferred from available-for-sale to held- to-maturity	[1],[3]									(9)		(5)
Tax effect	[1]									3		2
Net of tax amount	[1]									(6)		(3)
Fair value adjustment on derivatives										(194)	[1]	(348)	[1]
Total other comprehensive income	[1]									1,016		726		883
Total comprehensive income	[1]									13,166		5,394		1,594
Parent Company [Member]
Condensed Balance Sheet Statements, Captions [Line Items]
Net Income										12,150		4,668		711
Other Comprehensive Income, Net of Tax:
Unrealized holding gains (losses) on available-for- sale securities										2,128		2,120		1,419
Tax effect										(723)		(721)		(482)
Net of tax amount										1,405		1,399		937
Reclassification adjustment for net gains arising during the period	[2]									(565)		(515)		(83)
Tax effect										192		175		29
Net of tax amount										(373)		(340)		(54)
Accretion of unrealized holding losses on securities transferred from available-for-sale to held- to-maturity	[3]									9		5
Tax effect										(3)		(2)
Net of tax amount										6		3
Fair value adjustment on derivatives										(194)		(348)
Tax effect										172		12
Net of tax amount										(22)		(336)
Total other comprehensive income										1,016		726		883
Total comprehensive income										$ 13,166		$ 5,394		$ 1,594
[1]	As Restated - Note 3
[2]	Amounts are included in net gain on sales of securities on the Consolidated Statements of Operations in total other income.
[3]	Amounts are included in interest and dividends on investment securities on the Consolidated Statements of Operations.

Condensed Financial Informat112

Condensed Financial Information - Parent Company Only (Details 3) - USD ($) $ in Thousands		3 Months Ended								12 Months Ended
		Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2016		Sep. 30, 2015		Sep. 30, 2014
Cash Flows from Operating Activities
Net income		$ 7,951	$ 1,589	$ 1,266	$ 1,344	$ 1,505	$ 323	$ 2,089	$ 751	$ 12,150	[1]	$ 4,668	[1]	$ 711	[1]
Deferred income taxes, net	[1]									(6,316)		(1,035)		(367)
(Increase) decrease in other assets	[1]									44		714		114
Net Cash (Used in) Provided by Operating Activities	[1]									9,334		3,246		(33)
Cash Flows from Investing Activities
Purchases of investment securities	[1]									(2,116)		(160,103)		(5,258)
Calls, sales of investment securities	[1]									2,437		6,032		14,138
Loan originations and principal collections, net	[1]									(184,548)		(5,927)		19,649
Net Cash Provided by (Used in) Investing Activities	[1]									(104,212)		(89,759)		56,508
Net (Decrease) Increase in Cash and Cash Equivalents	[1]									56,499		21,076		(4,500)
Cash and Cash Equivalent - Beginning	[1]				40,263				19,187	40,263		19,187		23,687
Cash and Cash Equivalent - Ending	[1]	96,762				40,263				96,762		40,263		19,187
Parent Company [Member]
Cash Flows from Operating Activities
Net income										12,150		4,668		711
Undistributed net income of subsidiaries										(12,334)		(4,723)		(788)
Deferred income taxes, net												84		197
ESOP shares committed to be released										242		195		160
Increase (decrease) in accounts payable										18		(27)		(14)
(Increase) decrease in other assets										(2,629)		239		227
Net Cash (Used in) Provided by Operating Activities										(2,553)		437		493
Cash Flows from Investing Activities
Proceeds from maturities and principal collection on investments available for sale, net														422
Proceeds from maturities and principal collection on investments held to maturity										287		511
Purchases of investment securities														(992)
Calls, sales of investment securities												1,812
Loan originations and principal collections, net										133		127		121
Net Cash Provided by (Used in) Investing Activities										420		2,450		(449)
Net (Decrease) Increase in Cash and Cash Equivalents										(2,133)		2,887		44
Cash and Cash Equivalent - Beginning					$ 5,325				$ 2,438	5,325		2,438		2,394
Cash and Cash Equivalent - Ending		$ 3,192				$ 5,325				3,192		5,325		2,438
Supplementary Cash Flows Information
Non-cash transfer of investment securities from Parent Company to Bank										$ 5,475
[1]	As Restated - Note 3

Quarterly Financial Informat113

Quarterly Financial Information of Malvern Bancorp Inc. (Unuadited) (Details) - USD ($)	3 Months Ended								12 Months Ended
	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2016	[1]	Sep. 30, 2015		Sep. 30, 2014
Quarterly Financial Information Disclosure [Abstract]
Total Interest and Dividend Income	$ 6,817,000	$ 6,530,000	$ 6,210,000	$ 5,687,000	$ 5,344,000	$ 5,139,000	$ 5,166,000	$ 4,813,000	$ 25,244,000		$ 20,462,000	[1]	$ 20,167,000	[1]
Total Interest Expense	1,796,000	1,750,000	1,710,000	1,476,000	1,365,000	1,301,000	1,330,000	1,252,000	6,732,000		5,248,000	[1]	5,071,000	[1]
Net Interest Income	5,021,000	4,780,000	4,500,000	4,211,000	3,979,000	3,838,000	3,836,000	3,561,000	18,512,000		15,214,000	[1]	15,096,000	[1]
Provision for Loan Losses	100,000	472,000	375,000					90,000	947,000		90,000	[1]	263,000	[1]
Total Other Income	615,000	659,000	501,000	558,000	639,000	640,000	745,000	511,000	2,333,000		2,535,000	[1]	2,155,000	[1]
Total Other Expenses	3,759,000	3,378,000	3,360,000	3,425,000	3,454,000	3,273,000	3,573,000	3,661,000	13,922,000		13,961,000	[1]	16,644,000	[1]
Income before income tax benefit	1,777,000	1,589,000	1,266,000	1,344,000	1,164,000	1,205,000	1,008,000	321,000	5,976,000		3,698,000	[1]	344,000	[1]
Income tax benefit	(6,174,000)				(341,000)	882,000	(1,081,000)	(430,000)	(6,174,000)		(970,000)	[1]	(367,000)	[1]
Net Income	$ 7,951,000	$ 1,589,000	$ 1,266,000	$ 1,344,000	$ 1,505,000	$ 323,000	$ 2,089,000	$ 751,000	$ 12,150,000		$ 4,668,000	[1]	$ 711,000	[1]
Earnings Per Common Share:
Basic (in dollars per share)	$ 1.21	$ 0.25	$ 0.20	$ 0.21	$ 0.23	$ 0.05	$ 0.33	$ 0.12	$ 1.90		$ 0.73	[1]	$ 0.11	[1]
Diluted (in dollars per share)	$ 1.21	$ 0.25	$ 0.20						$ 1.90			[1]		[1]
Weighted Average Common Shares Outstanding
Basic (in shares)	6,415,049	6,411,766	6,408,167	6,402,332	6,398,720	6,395,126	6,391,521	6,387,932	6,409,265		6,393,330	[1]	6,378,930	[1]
Diluted (in shares)	6,415,207	6,411,804	6,408,167						6,409,325		6,393,330		6,378,930
[1]	As Restated - Note 3