Malvern Bancorp (MLVF) 10-K 29 Dec 17 2017 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2017	Dec. 29, 2017
Document And Entity Information
Entity Registrant Name	MALVERN BANCORP, INC.
Entity Central Index Key	1,550,603
Document Type	10-K
Trading Symbol	MLVF
Document Period End Date	Sep. 30, 2017
Amendment Flag	false
Current Fiscal Year End Date	--09-30
Entity a Well-known Seasoned Issuer	No
Entity a Voluntary Filer	No
Entity's Reporting Status Current	Yes
Entity Filer Category	Accelerated Filer
Entity Public Float	$ 125,300
Entity Common Stock, Shares Outstanding		6,572,684
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,017

Consolidated Statements of Fina

Consolidated Statements of Financial Condition - USD ($) $ in Thousands	Sep. 30, 2017	Sep. 30, 2016
Assets
Cash and due from depository institutions	$ 1,615	$ 1,297
Interest bearing deposits in depository institutions	115,521	95,465
Cash and Cash Equivalents	117,136	96,762
Investment securities available for sale, at fair value	14,587	66,387
Investment securities held to maturity, at cost (fair value of $34,566 and $40,817, respectively)	34,915	40,551
Restricted stock, at cost	5,559	5,424
Loans receivable, net of allowance for loan losses of $8,405 and $5,434, respectively	834,331	574,160
Accrued interest receivable	3,139	2,558
Property and equipment, net	7,507	6,637
Deferred income taxes, net	6,671	8,827
Bank-owned life insurance	18,923	18,418
Other assets	3,244	1,548
Total Assets	1,046,012	821,272
Deposits:
Deposits-noninterest-bearing	42,121	34,547
Deposits-interest-bearing	748,275	567,499
Total Deposits	790,396	602,046
FHLB advances	118,000	118,000
Other short-term borrowings	5,000
Subordinated debt	24,303
Advances from borrowers for taxes and insurance	1,553	1,659
Accrued interest payable	694	427
Other liabilities	3,546	2,983
Total Liabilities	943,492	725,115
Commitments and Contingencies
Shareholders' Equity
Preferred stock, $0.01 par value, 10,000,000 shares authorized, none issued
Common stock, $0.01 par value, 40,000,000 shares authorized, issued and outstanding: 6,572,684 shares at September 30, 2017 and 6,560,403 shares at September 30, 2016	66	66
Additional paid-in-capital	60,736	60,461
Retained earnings	43,139	37,322
Unearned Employee Stock Ownership Plan (ESOP) shares	(1,483)	(1,629)
Accumulated other comprehensive income (loss )	62	(63)
Total Shareholders' Equity	102,520	96,157
Total Liabilities and Shareholders' Equity	$ 1,046,012	$ 821,272

Consolidated Statements of Fin3

Consolidated Statements of Financial Condition (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2017	Sep. 30, 2016
Statement of Financial Position [Abstract]
Investment securities held-to-maturity, fair value	$ 34,566	$ 40,817
Allowance for loan losses	$ 8,405	$ 5,434
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	6,572,684	6,560,403
Common stock, outstanding	6,572,684	6,560,403

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2015
Interest and Dividend Income
Loans, including fees	$ 30,841	$ 21,206	$ 16,484
Investment securities, taxable	1,561	2,824	3,073
Investment securities, tax-exempt	492	751	522
Dividends, restricted stock	257	250	311
Interest-bearing cash accounts	631	213	72
Total Interest and Dividend Income	33,782	25,244	20,462
Interest Expense
Deposits	6,236	4,537	3,431
Short-term borrowings	34
Long-term borrowings	2,176	2,195	1,817
Subordinated debt	1,000
Total Interest Expense	9,446	6,732	5,248
Net Interest Income	24,336	18,512	15,214
Provision for Loan Losses	2,791	947	90
Net Interest Income after Provision for Loan Losses	21,545	17,565	15,124
Other Income
Service charges and other fees	992	923	989
Rental income-other	227	211	249
Gain on sale of investments, net	463	565	515
Gain on disposal of fixed assets		1
Gain on sale of loans, net	154	116	102
Earnings on bank-owned life insurance	505	517	680
Total Other Income	2,341	2,333	2,535
Other Expense
Salaries and employee benefits	7,114	6,290	5,998
Occupancy expense	2,084	1,820	1,715
Federal deposit insurance premium	244	579	784
Advertising	216	131	239
Data processing	1,195	1,128	1,236
Professional fees	1,894	1,683	1,571
Other real estate owned (income) expense, net	(172)	27	(46)
Other operating expenses	2,572	2,264	2,464
Total Other Expenses	15,147	13,922	13,961
Income before income tax expense (benefit)	8,739	5,976	3,698
Income tax expense (benefit)	2,922	(6,174)	(970)
Net Income	$ 5,817	$ 12,150	$ 4,668
Earnings Per Common Share:
Basic (in dollars per share)	$ 0.90	$ 1.90	$ 0.73
Diluted (in dollars per share)	$ 0.90	$ 1.90
Weighted Average Common Shares Outstanding
Basic (in shares)	6,431,445	6,409,265	6,393,330
Diluted (in shares)	6,432,137	6,409,325
Dividends Declared Per Share (in dollars per share)	$ 0	$ 0	$ 0

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands		12 Months Ended
		Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2015
Income Statement [Abstract]
Net Income		$ 5,817	$ 12,150	$ 4,668
Other Comprehensive Income, Net of Tax:
Unrealized holding gains (losses) on available-for-sale securities		(275)	2,128	2,120
Tax effect		94	(723)	(721)
Net of tax amount		(181)	1,405	1,399
Reclassification adjustment for net gains arising during the period	[1]	(463)	(565)	(515)
Tax effect		157	192	175
Net of tax amount		(306)	(373)	(340)
Accretion of unrealized holding losses on securities transferred from available-for-sale to held-to-maturity	[2]	9	9	5
Tax effect		(3)	(3)	(2)
Net of tax amount		6	6	3
Fair value adjustment on derivatives		918	(194)	(348)
Tax effect		(312)	172	12
Net of tax amount		606	(22)	(336)
Total other comprehensive income		125	1,016	726
Total comprehensive income		$ 5,942	$ 13,166	$ 5,394
[1]	Amounts are included in net gain on sales of securities on the Consolidated Statements of Operations in total other income.
[2]	Amounts are included in interest and dividends on investment securities on the Consolidated Statements of Operations.

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-In Capital [Member]	Retained Earnings [Member]	Unearned ESOP Shares [Member]	Accumulated Other Comprehensive Income (Loss)	Total
Balance, at Beginning at Sep. 30, 2014	$ 66	$ 60,317	$ 20,504	$ (1,922)	$ (1,805)	$ 77,160
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income			4,668			4,668
Other comprehensive income					726	726
Committed to be released ESOP shares (14,400 shares)		48		147		195
Balance, at End at Sep. 30, 2015	66	60,365	25,172	(1,775)	(1,079)	82,749
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income			12,150			12,150
Other comprehensive income					1,016	1,016
Committed to be released ESOP shares (14,400 shares)		96		146		242
Balance, at End at Sep. 30, 2016	66	60,461	37,322	(1,629)	(63)	96,157
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income			5,817			5,817
Other comprehensive income					125	125
Committed to be released ESOP shares (14,400 shares)		165		146		311
Stock based compensation		110				110
Balance, at End at Sep. 30, 2017	$ 66	$ 60,736	$ 43,139	$ (1,483)	$ 62	$ 102,520

Consolidated Statements of Cha7

Consolidated Statements of Changes in Shareholders' Equity (Parenthetical) - shares	12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2015
Statement of Stockholders' Equity [Abstract]
Committed to be released ESOP shares	14,000	14,400	14,400

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2015
Cash Flows from Operating Activities
Net income	$ 5,817	$ 12,150	$ 4,668
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation expense	724	650	646
Provision for loan losses	2,791	947	90
Deferred income taxes expense (benefit)	2,092	(6,316)	(1,035)
ESOP expense	311	242	195
Stock based compensation	110
Amortization of premiums and discounts on investment securities, net	814	1,243	849
(Accretion) amortization of loan origination fees and costs	(924)	748	296
Amortization of mortgage service rights	60	73	82
Amortization of subordinated debt issuance costs	39
Net gain on sale of investment securities available for sale	(463)	(565)	(515)
Net gain on disposal of fixed assets		(1)
Net gain on sale of secondary market loans	(154)	(116)	(102)
Proceeds on sale of secondary market loans	9,270	6,390	4,090
Originations of secondary market loans	(9,116)	(6,274)	(3,988)
Gain on sale of other real estate owned		(19)	(124)
Write down of other real estate owned		20	54
Earnings on bank-owned life insurance	(505)	(517)	(680)
Increase in accrued interest receivable	(581)	(74)	(1,162)
Increase in accrued interest payable	267	31	247
Increase in other liabilities	563	766	349
Increase in other assets	(1,058)	(44)	(714)
Increase in income tax receivable	(225)
Net Cash Provided by Operating Activities	9,832	9,334	3,246
Investment securities available-for-sale:
Purchases	(250)	(2,116)	(160,103)
Sales	51,119	62,818	70,413
Maturities, calls and principal repayments	583	2,437	6,032
Investment securities held-to-maturity:
Purchases			(4,152)
Maturities, calls and principal repayments	5,350	16,391	4,454
(Loan originations) and principal collections, net	(262,039)	(184,548)	(5,927)
Proceeds from sale of other real estate owned		1,167	1,174
Additions to mortgage servicing rights			(30)
Proceeds from death benefit of bank-owned life insurance		1,049
Net increase in restricted stock	(135)	(659)	(1,262)
Proceeds from sale of property and equipment		1
Purchases of property and equipment	(1,594)	(752)	(358)
Net Cash Used in Investing Activities	(206,966)	(104,212)	(89,759)
Cash Flows from Financing Activities
Net increase in deposits	188,350	136,524	52,569
Proceeds for long-term borrowings	140,000	121,000	93,000
Repayment of long-term borrowings	(140,000)	(106,000)	(38,000)
Increase in other borrowed money	10,000
Repayment of other borrowed money	(5,000)
Increase (decrease) in advances from borrowers for taxes and insurance	(106)	(147)	20
Net proceeds from issuance of subordinated debt	24,264
Net Cash Provided by Financing Activities	217,508	151,377	107,589
Net Increase in Cash and Cash Equivalents	20,374	56,499	21,076
Cash and Cash Equivalent - Beginning	96,762	40,263	19,187
Cash and Cash Equivalent - Ending	117,136	96,762	40,263
Supplementary Cash Flows Information
Interest paid	9,179	6,701	5,001
Income taxes paid	130
Non-cash transfer of loans to other real estate owned			308
Transfer from investment securities available-for-sale to investment securities held-to-maturity			57,523
Non-cash proceeds from death benefit on BOLI			$ 1,039

Organizational Structure and Na

Organizational Structure and Nature of Operations	12 Months Ended
	Sep. 30, 2017
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”). In October 2017, the Bank filed an application with the OCC to convert from a federal savings bank to a national bank, with the name Malvern Bank, National Association. In connection with the charter conversion of the Bank, also in October 2017, the Company filed an application with the FRB to convert to a bank holding company from a savings and loan holding company. The conversion remains subject to the receipt of all required regulatory approvals. The Company and the Bank filed the conversion application in order to better match the Bank’s regulatory charter to its current and planned business activity. 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 owned 100% 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, 2017 and 2016, SAMG’s total assets were approximately $57,000 and $62,000, respectively. The net loss of SAMG for the years ended September 30, 2017 and 2016, was approximately $4,000 and $6,000, respectively and for the year ended September 30, 2015 the net income was approximately $2,000. 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. Effective in December 2017 SAMG merged into and with Malvern Insurance Associates, LLC. 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, 2017.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Sep. 30, 2017
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, 2017, 2016 and 2015 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 zero and $4.8 million at September 30, 2017 and 2016, 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, 2017 and 2016, 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 Held for Sale Mortgage loans originated and intended for sale in the secondary market are carried at the lower of cost or estimated fair value or fair value under the fair value option accounting guidance for financial instruments. For loans carried at the lower of cost or estimated fair value, gains and losses on loan sales (sale proceeds minus carrying value) are recorded in other income and direct loan origination costs and fees are deferred at origination of the loan and are recognized in other income upon sale of the loan. 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 servicing 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, 2017and 2016, restricted stock consists of the common stock of the Federal Home Loan Bank of Pittsburgh (“FHLB”) and Atlantic Community Bankers Bank (“ACBB”). 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, 2017 and 2016, there were net repurchases of restricted stock of $135,000 and $659,000, respectively. Also as of September 30, 2017 and 2016 the number of FHLB shares was 54,787 and 53,441, respectively. There were approximately $257,000, $250,000 and $311,000 of dividends on FHLB stock received or recognized in income for fiscal years 2017, 2016 and 2015, 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 $115,000, $90,000, and $64,000, for fiscal 2017, 2016, and 2015, respectively. There were no bonus matching contributions for fiscal years 2017, 2016 or 2015. 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 $1.1 million at September 30, 2017 and 2016, respectively. Distributions made to directors for the fiscal year 2017 and 2016 were approximately $25,000 and $4,000, respectively. The expense/(benefit) associated with the Plans for the years ended September 30, 2017, 2016, and 2015 was $30,000, $11,000, and $(24,000), 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

Earnings Per Share

Earnings Per Share	12 Months Ended
	Sep. 30, 2017
Earnings Per Common Share:
Earnings Per Share	Note 3 – Earnings Per Share Basic earnings per common share is computed based on the weighted average number of shares outstanding reduced by unearned ESOP shares. Diluted earnings per share is computed based on the weighted average number of shares outstanding and common stock equivalents (“CSEs”) that would arise from the exercise of dilutive securities reduced by unearned ESOP shares. For the fiscal year ended September 30, 2017, the Company issued stock options to purchase 7,000 shares of common stock, as well as 12,522 restricted shares, which are considered CSEs. 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. For the fiscal year ended September 30, 2015, 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) 2017 2016 2015 Net Income $ 5,817 $ 12,150 $ 4,668 Weighted average shares outstanding 6,567,788 6,560,012 6,558,473 Average unearned ESOP shares (136,343 ) (150,747 ) (165,143 ) Basic weighted average shares outstanding 6,431,445 6,409,265 6,393,330 Plus: effect of dilutive options and restricted stock 692 60 - Diluted weighted average common shares outstanding 6,432,137 6,409,325 6,393,330 Earnings per share: Basic $ 0.90 $ 1.90 $ 0.73 Diluted $ 0.90 1.90 n/a

Employee Stock Ownership Plan

Employee Stock Ownership Plan	12 Months Ended
	Sep. 30, 2017
Employee Stock Ownership Plan (ESOP), Shares in ESOP [Abstract]
Employee Stock Ownership Plan	Note 4 – Employee Stock Ownership Plan The Company established an employee stock ownership plan (“ESOP”) for substantially all of its full-time employees. As of September 30, 2017, 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, 2017, 2016 and 2015, there were 14,400, 14,400 and 14,400 shares, respectively, committed to be released. At September 30, 2017, there were 129,165 unallocated shares and 130,053 allocated shares held by the ESOP. The unallocated shares had an aggregate fair value of approximately $3.5 million at September 30, 2017.

Investment Securities

Investment Securities	12 Months Ended
	Sep. 30, 2017
Investments, Debt and Equity Securities [Abstract]
Investment Securities	Note 5 - Investment Securities The Company’s investment securities are classified as available-for-sale or held-to-maturity at September 30, 2017 and 2016. Investment securities available-for-sale are reported at fair value with unrealized gains or losses included in equity, net of tax. Accordingly, the carrying value of such securities reflects their fair value at the balance sheet date. Fair value is based upon either quoted market prices, or in certain cases where there is limited activity in the market for a particular instrument, assumptions are made to determine their fair value. Transfers of debt securities from the available-for-sale category to the held-to-maturity category are made at fair value at the date of transfer. The unrealized holding gain or loss at the date of transfer remains in accumulated other comprehensive income and in the carrying value of the held-to-maturity investment security. Premiums or discounts on investment securities are amortized or accreted using the effective interest method over the life of the security as an adjustment of yield. Unrealized holding gains or losses that remain in accumulated other comprehensive income are amortized or accreted over the remaining life of the security as an adjustment of yield, offsetting the related amortization of the premium or accretion of the discount. The following tables present information related to the Company’s investment securities at September 30, 2017 and 2016. September 30, 2017 Amortized Gross Gross Fair (In thousands) Investment Securities Available-for-Sale: State and municipal obligations $ 6,992 $ 39 $ (2 ) $ 7,029 Single issuer trust preferred security 1,000 — (66 ) 934 Corporate debt securities 6,627 — (253 ) 6,374 Mutual fund 250 — — 250 Total 14,869 39 (321 ) 14,587 Investment Securities Held-to-Maturity: U.S. government agencies $ 1,999 $ — $ (8 ) $ 1,991 State and municipal obligations 9,574 89 — 9,663 Corporate debt securities 3,818 26 — 3,844 Mortgage-backed securities: Collateralized mortgage obligations, fixed-rate 19,524 1 (457 ) 19,068 Total $ 34,915 $ 116 $ (465 ) $ 34,566 Total investment securities $ 49,784 $ 155 $ (786 ) $ 49,153 September 30, 2016 Amortized Gross Gross Fair (In thousands) Investment Securities Available-for-Sale: State and municipal obligations $ 24,751 $ 557 $ (1 ) $ 25,307 Single issuer trust preferred security 1,000 — (122 ) 878 Corporate debt securities 40,189 347 (334 ) 40,202 Total $ 65,940 904 (457 ) 66,387 Investment Securities Held-to-Maturity: U.S. government agencies $ 2,999 $ 16 $ — $ 3,015 State and municipal obligations 9,826 167 (1 ) 9,992 Corporate debt securities 3,916 77 — 3,993 Mortgage-backed securities: Collateralized mortgage obligations, fixed-rate 23,810 102 (95 ) 23,817 Total $ 40,551 $ 362 $ (96 ) $ 40,817 Total investment securities $ 106,491 $ 1,266 $ (553 ) $ 107,204 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 2017, proceeds of available-for-sale investment securities sold amounted to approximately $51.1 million. Gross realized gains on investment securities sold amounted to approximately $464,000, while gross realized losses amounted to approximately $1,000 for the period. 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. 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, 2017 and 2016. September 30, 2017 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 $ — $ — $ 500 $ (2 ) $ 500 $ (2 ) Single issuer trust preferred security — — 934 (66 ) 934 (66 ) Corporate debt securities — — 6,375 (253 ) 6,375 (253 ) Total $ — $ — $ 7,809 $ (321 ) $ 7,809 $ (321 ) Investment Securities Held-to-Maturity: U.S. government agencies — — 1,991 (8 ) 1,991 (8 ) State and municipal obligations — — — — — — Mortgage-backed securities: CMO, fixed-rate — — 18,902 (457 ) 18,902 (457 ) Total — — 20,893 (465 ) 20,893 (465 ) Total investment securities $ — $ — $ 28,702 $ (786 ) $ 28,702 $ (786 ) 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 ) As of September 30, 2017, the estimated fair value of the securities disclosed above was primarily dependent upon the movement in market interest rates, particularly given the negligible inherent credit risk associated with these securities. These investment securities are comprised of securities that are rated investment grade by at least one bond credit rating service. Although the fair value will fluctuate as 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, 2017, the Company held two municipal bonds, three corporate securities, 36 mortgage-backed securities, two U.S. government agency securities and one single issuer trust preferred security which were in an unrealized loss position. As of September 30, 2016, the Company held 2 municipal bonds, nine corporate securities, 15 mortgage-backed securities and one single issuer trust preferred security which were in an unrealized loss position. Investment securities having a carrying value of approximately $9.6 million and $552,000 at September 30, 2017 and September 30, 2016 were pledged to secure deposits. In addition, investment securities having a carrying value of $6.2 million were pledged to secure short-term borrowings at September 30, 2017. There were no investments pledged to secure short-term borrowings at September 30, 2016. The following table presents information for investment securities at September 30, 2017, based on scheduled maturities. Actual maturities can be expected to differ from scheduled maturities due to prepayment or early call options of the issuer. September 30, 2017 Amortized Cost Fair Value (In thousands) Investment Securities Available-for-Sale: Due in one year or less $ — $ — Due after one year through five years 2,831 2,842 Due after five years through ten years 10,583 10,356 Due after ten years 1,455 1,389 Total $ 14,869 $ 14,587 Investment Securities Held-to-Maturity: Due after one year through five years $ 1,999 $ 1,991 Due after five years through ten years 5,817 5,900 Due after ten years 27,099 26,675 Total $ 34,915 $ 34,566 Total investment securities $ 49,784 $ 49,153

Loans Receivable and Related Al

Loans Receivable and Related Allowance for Loan Losses	12 Months Ended
	Sep. 30, 2017
Receivables [Abstract]
Loans Receivable and Related Allowance for Loan Losses	Note 6 - Loans Receivable and Related Allowance for Loan Losses Loans receivable in the Company’s portfolio consisted of the following at the dates indicated: September 30, 2017 2016 (In thousands) Residential mortgage $ 192,500 $ 209,186 Construction and Development: Residential and commercial 35,622 18,579 Land 18,377 10,013 Total Construction and Development 53,999 28,592 Commercial: Commercial real estate 437,760 231,439 Farmland 1,723 - Multi-family 39,768 19,515 Other 74,837 38,779 Total Commercial 554,088 289,733 Consumer: Home equity lines of credit 16,509 19,757 Second mortgages 22,480 29,204 Other 2,570 1,914 Total Consumer 41,559 50,875 Total loans 842,146 578,386 Deferred loan fees and cost, net 590 1,208 Allowance for loan losses (8,405 ) (5,434 ) Total loans receivable, net $ 834,331 $ 574,160 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, 2017, 2016 and 2015. Year Ended September 30, 2017 Construction and Development Commercial Consumer Residential Mortgage Residential and Commercial Land Commercial Real Estate Farmland Multi- family Other Home Equity Lines of Credit Second Mortgages Other Unallocated Total (in thousands) Allowance for loan losses: Beginning balance $ 1,201 $ 199 $ 97 $ 1,874 $ - $ 109 $ 158 $ 116 $ 467 $ 34 $ 1,179 $ 5,434 Charge-offs - - - - - - - - (218 ) (5 ) - (223 ) Recoveries 2 90 - 40 - - 9 18 232 12 - 403 Provisions (199 ) 234 35 1,667 9 115 374 (44 ) (79 ) (14 ) 693 2,791 Ending Balance $ 1,004 $ 523 $ 132 $ 3,581 $ 9 $ 224 $ 541 $ 90 $ 402 $ 27 $ 1,872 $ 8,405 Ending balance: individually evaluated for impairment $ - $ - $ - $ - $ - $ - $ 109 $ - $ 128 $ - $ - $ 237 Ending balance: collectively evaluated for impairment $ 1,004 $ 523 $ 132 $ 3,581 $ 9 $ 224 $ 432 $ 90 $ 274 $ 27 $ 1,872 $ 8,168 Loans receivable: Ending balance $ 192,500 $ 35,622 $ 18,377 $ 437,760 $ 1,723 $ 39,768 $ 74,837 $ 16,509 $ 22,480 $ 2,570 $ 842,146 Ending balance: individually evaluated for impairment $ 2,262 $ - $ 94 $ 555 $ - $ - $ 243 $ 10 $ 356 $ - $ 3,520 Ending balance: collectively evaluated for impairment $ 190,238 $ 35,622 $ 18,283 $ 437,205 $ 1,723 $ 39,768 $ 74,594 $ 16,499 $ 22,124 $ 2,570 $ 838,626 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 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 In assessing the adequacy of the ALLL, it is recognized that the process, methodology and underlying assumptions require a significant degree of judgment. The estimation of credit losses is not precise; the range of factors considered is wide and is significantly dependent upon management’s judgment, including the outlook and potential changes in the economic environment. At present, components of the commercial loan segments of the portfolio are new originations and the associated volumes continue to see increased growth. At the same time, historical loss levels have decreased as factors in assessing the portfolio. The combination of these factors has given rise to an increase in the unallocated level within the allowance. Any unallocated portion of the allowance reflects management’s estimate of probable inherent but undetected losses within the portfolio due to uncertainties in economic conditions, delays in obtaining information, including unfavorable information about a borrower’s financial condition, the difficulty in identifying triggering events that correlate perfectly to subsequent loss rates, and risk factors that have not yet manifested themselves in loss allocation factors. 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, 2017 and 2016. 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, 2017 : Residential mortgage $ — $ — $ 2,262 $ 2,262 $ 2,379 Construction and Development: Residential and commercial — — — — — Land — — 94 94 94 Commercial: Commercial real estate — — 555 555 555 Other 243 109 — 243 243 Consumer: Home equity lines of credit — — 10 10 11 Second mortgages 131 128 225 356 385 Total impaired loans $ 374 $ 237 $ 3,146 $ 3,520 $ 3,667 September 30, 2016: Residential mortgage $ — $ — $ 1,159 $ 1,159 $ 1,225 Construction and Development: Residential and commercial — — 109 109 109 Commercial: Commercial real estate — — 2,039 2,039 2,039 Consumer: Home equity lines of credit — — 74 74 90 Second mortgages 31 23 246 277 451 Total impaired loans $ 31 $ 23 $ 3,627 $ 3,658 $ 3,914 The following table presents the average recorded investment in impaired loans in portfolio and related interest income recognized year ended September 30, 2017, 2016 and 2015. Average Impaired Loans Interest Income Recognized on Impaired Loans (In thousands) Year Ended September 30, 2017: Residential mortgages $ 2,076 $ 52 Construction and Development: Residential and commercial 80 4 Land 24 1 Commercial: Commercial real estate 932 18 Other 144 2 Consumer: Home equity lines of credit 38 — Second mortgages 209 3 Total $ 3,503 $ 80 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 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, 2017 and 2016. September 30, 2017 Pass Special Mention Substandard Doubtful Total (In thousands) Residential mortgage $ 189,925 $ 114 $ 2,461 $ — $ 192,500 Construction and Development : Residential and commercial 35,622 — — — 35,622 Land 13,207 — 5,170 — 18,377 Commercial: Commercial real estate 431,336 4,456 1,968 — 437,760 Farmland 1,723 — — — 1,723 Multi-family 39,410 358 — — 39,768 Other 73,935 — 902 — 74,837 Consumer: Home equity lines of credit 16,399 — 110 — 16,509 Second mortgages 21,611 112 757 — 22,480 Other 2,563 6 1 — 2,570 Total $ 825,731 $ 5,046 $ 11,369 $ — $ 842,146 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 The following table presents loans on which we are no longer accruing interest by portfolio class at the dates indicated. September 30, 2017 2016 (In thousands) Residential mortgage $ 826 $ 1,072 Construction and Development: Residential and commercial — — Commercial: Commercial real estate — 193 Consumer: Home equity lines of credit 10 74 Second mortgages 202 278 Total non-accrual loans $ 1,038 $ 1,617 Under the Bank’s loan policy, once a loan has been placed on non-accrual status, we do not resume interest accruals until the loan has been brought current and has maintained a current payment status for not less than six consecutive months. Interest income that would have been recognized on nonaccrual loans had they been current in accordance with their original terms was $32,000, $48,000 and $84,000 for fiscal 2017, 2016 and 2015, respectively. At September 30, 2017 and 2016 there were approximately $173,000 and $696,000, respectively, loans past due 90 days or more and still accruing interest. Management further monitors the performance and credit quality of the loan portfolio by analyzing the age of the portfolio as determined by whether a loan payment is “current,” that is, it is received from a borrower by the scheduled due date, or the length of time a scheduled payment is past due. The following table presents the classes of the loan portfolio summarized by the aging categories as of September 30, 2017 and 2016. 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, 2017: Residential mortgage $ 189,272 $ 1,442 $ 1,145 $ 641 $ 3,228 $ 192,500 $ 31 Construction and Development: Residential and commercial 35,622 — — — — 35,622 — Land 18,377 — — — — 18,377 — Commercial: Commercial real estate 436,804 160 796 — 956 437,760 — Farmland 1,723 — — — — 1,723 — Multi-family 39,768 — — — — 39,768 — Other 74,837 — — — — 74,837 — Consumer: Home equity lines of 16,122 350 37 — 387 16,509 — Second mortgages 21,183 844 182 271 1,297 22,480 141 Other 2,561 7 1 1 9 2,570 1 Total $ 836,269 $ 2,803 $ 2,161 $ 913 $ 5,877 $ 842,146 $ 173 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 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 12 and seven loans classified as TDRs with an aggregate outstanding balance of $2.3 million and $2.2 million at September 30, 2017 and 2016, respectively. At September 30, 2017, these loans were also classified as impaired. Eleven of the TDR loans continue to perform under the restructured terms through September 30, 2017 and we continued to accrue interest on such loan through such date. The increase in TDRs at September 30, 2017 compared to September 30, 2016 was primarily due to four residential mortgage loans with an aggregate outstanding balance of $1.2 million and two second mortgage loans with an outstanding balance of approximately $126,000 being classified as performing TDRs during fiscal 2017. In addition, one second mortgage loan with an outstanding balance of approximately $22,000 was classified as non-performing TDR during fiscal 2017. The increase was offset by two commercial loans, with an aggregate outstanding balance of approximately $1.3 million being paid off during fiscal 2017. All of such loans have been classified as TDRs since we modified the payment terms and in some cases interest rate from the original agreements and allowed the borrowers, who were experiencing financial difficulty, to make interest only payments for a period of time in order to relieve some of their overall cash flow burden. Some loan modifications classified as TDRs may not ultimately result in the full collection of principal and interest, as modified, and result in potential incremental losses. These potential incremental losses have been factored into our overall estimate of the allowance for loan losses. The level of any defaults will likely be affected by future economic conditions. A default on a troubled debt restructured loan for purposes of this disclosure occurs when the borrower is 90 days past due or a foreclosure or repossession of the applicable collateral has occurred. 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 $252,000 and $141,000 of residential real estate properties in the process of foreclosure at September 30, 2017 and 2016, 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, 2017: Residential mortgage 6 $ 1,464 — $ — Construction and Development: Residential and commercial - - — — Land 1 94 Commercial: Commercial real estate 2 554 — — Consumer Second mortgages 3 148 1 22 Total 12 $ 2,260 1 $ 22 At September 30, 2016: Residential mortgage 2 $ 224 1 $ 139 Construction and Development: Residential and commercial 1 109 — — Commercial: Commercial real estate 4 1,845 — — Total 7 $ 2,178 1 $ 139 The following table reports the performing status of all TDR loans. The performing status is determined by the loan’s compliance with the modified terms. September 30, 2017 2016 Performing Non- Performing Performing Non- Performing (In thousands) Residential mortgage $ 1,464 $ — $ 85 $ 139 Construction and Development: Residential and commercial — — 109 — Land 94 — — — Commercial: Commercial real estate 554 — — — Consumer Second mortgages 126 22 1,845 — Total $ 2,238 $ 22 $ 2,039 $ 139 The following table shows the new TDR’s for the twelve months ended September 30, 2017 and 2016. September 30, 2017 2016 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 4 $ 1,236 $ 1,236 2 $ 245 $ 245 Commercial: Commercial real estate — — — 1 386 386 Consumer: Second mortgages 3 153 153 — — — Total 7 $ 1,389 $ 1,389 3 $ 631 $ 631 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) 2017 2016 Balance at beginning of year $ 7,992 $ 5,635 New loans 7,231 12,249 Repayments (2,888 ) (9,892 ) Balance at end of year $ 12,335 $ 7,992 At September 30, 2017, 2016 and 2015, the Company was servicing loans for the benefit of others in the amounts of $36.1 million, $45.4 million and $54.1 million, respectively. A summary of mortgage servicing rights included in other assets and the activity therein follows for the periods indicated: September 30, 2017 2016 2015 (In thousands) Balance at beginning of year $ 328 $ 401 $ 453 Amortization (60 ) (73 ) (82 ) Addition — — 30 Balance at end of year $ 268 $ 328 $ 401 For the fiscal year ended September 30, 2017, 2016 and 2015, 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, 2017, we sold $9.3 million of long-term, fixed-rate residential mortgage loans with servicing released. This transaction resulted in a gain of $154,000. For the year ended September 30, 2017, the Company only sold loans with servicing released. 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. No valuation allowance on servicing rights has been recorded at September 30, 2017, 2016, or 2015.

Property and Equipment

Property and Equipment	12 Months Ended
	Sep. 30, 2017
Property, Plant and Equipment [Abstract]
Property and Equipment	Note 7 - Property and Equipment Property and equipment, net consisted of the following at September 30, 2017 and 2016: September 30, Estimated Useful Life (years) 2017 2016 (In thousands) Land - $ 711 $ 711 Building and improvements 10-39 12,465 11,400 Construction in process - 109 222 Furniture, fixtures and equipment 3-7 5,366 4,722 18,651 17,055 Accumulated depreciation (11,144 ) (10,418 ) $ 7,507 $ 6,637 Depreciation expense was approximately $724,000, $650,000 and $646,000 for the years ended September 30, 2017, 2016 and 2015, respectively.

Deposits

Deposits	12 Months Ended
	Sep. 30, 2017
Deposits:
Deposits	Note 8 - Deposits Deposits classified by interest rates with percentages to total deposits at September 30, 2017 and 2016 consisted of the following: September 30, 2017 2016 Amount Percent of Total Deposits Amount Percent of Total Deposits (Dollars in thousands) Balances by types of deposit: Savings $ 44,526 5.63 % $ 44,714 7.43 % Money market accounts 276,404 34.97 177,486 29.48 Interest bearing demand 155,579 19.69 95,041 15.78 Non-interest bearing demand 42,121 5.33 34,547 5.74 518,630 65.62 351,788 58.43 Certificates of deposit 271,766 34.38 250,258 41.57 Total $ 790,396 100.00 % $ 602,046 100.00 % The total amount of certificates of deposit of $250,000 and greater at September 30, 2017 and 2016 was $21.8 million and $13.7 million, respectively. We had brokered deposits totaling $103.7 million and $58.8 million at September 30, 2017 and 2016, respectively. Interest expense on deposits consisted of the following for the years: September 30, 2017 2016 2015 (In thousands) Savings accounts $ 37 $ 33 $ 29 Money market accounts 1,985 874 271 Interest bearing demand 353 139 83 Certificates of deposit 3,861 3,491 3,048 Total deposits $ 6,236 $ 4,537 $ 3,431 The following is a schedule of certificates of deposit maturities. September 30, 2017 (In thousands) Maturing in the Fiscal Year Ending September 30, 2018 $ 184,337 2019 30,678 2020 18,506 2021 16,934 2022 3,248 Thereafter 18,063 $ 271,766 Deposits from related parties held by the Company at September 30, 2017 and 2016 amounted to $11.4 million and $6.4 million, respectively.

Borrowings

Borrowings	12 Months Ended
	Sep. 30, 2017
Debt Disclosure [Abstract]
Borrowings	Note 9 - Borrowings Under terms of its collateral agreement with the Federal Home Loan Bank of Pittsburgh (“FHLB”), the Company maintains otherwise unencumbered qualifying assets in an amount at least equal to its borrowings. Under an agreement with the FHLB, the Company has a line of credit available in the amount of $150.0 million and $127.8 million, respectively, of which none was outstanding at September 30, 2017 or 2016. The interest rate on the line of credit at September 30, 2017 and 2016 was 1.27% and 0.46%, respectively. The summary of long-term borrowings as of September 30, 2017 and 2016 are as follows: September 30, 2017 2016 Weighted Weighted Amount Rate Amount Rate (Dollars in thousands) Due by September 30: 2017 $ - - % $ 35,000 0.22 % 2018 35,000 0.45 - - 2019 55,000 1.62 55,000 1.62 2020 28,000 2.82 28,000 2.83 2021 - - - - Total FHLB Advances $ 118,000 1.51 % $ 118,000 1.65 % At September 30, 2017, the Company had $118.0 million in outstanding long-term fixed rate FHLB advances and $230.1 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. During fiscal 2017 the Company had purchased securities sold under agreements to repurchase as a short-term funding source. At September 30, 2017, the Company had $5.0 million in securities sold under agreements to repurchase at a rate of 1.46%. The Company had no securities sold under agreements to repurchase at September 30, 2016.

Derivatives

Derivatives	12 Months Ended
	Sep. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives	Note 10 - Derivatives The Company is exposed to certain risks arising from both its business operations and economic conditions. The Company principally manages its exposures to a wide variety of business and operational risks through management of its core business activities. The Company manages economic risks, including interest rate, liquidity, and credit risk primarily by managing the amount, sources, and duration of its debt funding and the use of derivative financial instruments. Specifically, the Company enters into derivative financial instruments to manage exposures that arise from business activities that result in the payment of future uncertain cash amounts, the value of which are determined by interest rates. The Company’s objectives in using interest rate derivatives are to add stability to interest expense and to manage its exposure to interest rate movements. To accomplish this objective, the Company primarily uses interest rate swaps as part of its interest rate risk management strategy. Interest rate swaps designated as cash flow hedges involve the receipt of variable amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. The effective portion of changes in the fair value of derivatives designated and that qualify as cash flow hedges is recorded in Accumulated Other Comprehensive Income and is subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. At September 30, 2017, such derivatives were used to hedge the variable cash flows associated with FHLB advances. The ineffective portion of the change in fair value of the derivatives is recognized directly in earnings. The Company’s derivatives did not have any hedge ineffectiveness recognized in earnings during fiscal 2017, 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 $15,000 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, 2017 and 2016: September 30, 2017 Notional Fair Balance Sheet Expiration Date (dollars in thousand) Derivatives designated as hedging instruments Interest rate swaps by effective date: August 3, 2015 $ 15,000 $ 9 Other assets August 3, 2020 February 5, 2016 20,000 367 Other assets February 1, 2021 September 30, 2016 Notional Fair Balance Sheet Expiration Date (dollars in thousand) Derivatives designated as hedging instruments Interest rate swaps by effective date: August 3, 2015 $ 15,000 $ 394 Other liabilities August 3, 2020 February 5, 2016 20,000 148 Other liabilities February 1, 2021 Interest expense recorded on these swaps transactions totaled approximately $159,000, $272,000 and $36,000 for the years ended September 30, 2017, 2016 and 2015, respectively, and is reported as a component of interest expense on FHLB Advances. 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, 2017 Amount of Gain Amount of Gain Amount of Gain (Loss) (in thousands) August 3, 2015 $ 293 $ (111 ) $ — February 5, 2016 466 (48 ) — 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 ) $ — 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, 2017, the fair value of derivatives was in a net asset position, which includes accrued interest but excludes any adjustment for nonperformance risk, related to these agreements was zero. At September 30, 2016, the fair value of derivatives was in a net liability position, which includes accrued interest but excludes any adjustment for nonperformance risk, related to these agreements was $586,000. As of September 30, 2017 and 2016, the Company has minimum collateral posting thresholds with certain of its derivative counterparties and has posted collateral of zero and $800,000, respectively, against its obligations under these agreements. If the Company had breached any of these provisions at September 30, 2017, 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, 2017
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 11 - Fair Value Measurements The Company follows FASB ASC Topic 820 “Fair Value Measurement,” to record fair value adjustments to certain assets and to determine fair value disclosures for the Company’s financial instruments. Investment and mortgage-backed securities available for sale are recorded at fair value on a recurring basis. Additionally, from time to time, the Company may be required to record at fair value other assets on a nonrecurring basis, such as impaired loans, real estate owned and certain other assets. These nonrecurring fair value adjustments typically involve application of lower-of-cost-or-market accounting or write-downs of individual assets. The Company groups its assets at fair value in three levels, based on the markets in which the assets are traded and the reliability of the assumptions used to determine fair value. These levels are: Level 1—Valuation is based upon quoted prices for identical instruments traded in active markets. Level 2—Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market. Level 3—Valuation is generated from model-based techniques that use significant assumptions not observable in the market. These unobservable assumptions reflect the Company’s own estimates of assumptions that market participants would use in pricing the asset. The Company bases its fair values on the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. It is our policy to maximize the use of observable inputs and minimize the use of unobservable inputs when developing fair value measurements, in accordance with the fair value hierarchy. Fair value measurements for assets where there exists limited or no observable market data and, therefore, are based primarily upon the Company’s or other third-party’s estimates, are often calculated based on the characteristics of the asset, the economic and competitive environment and other factors. Therefore, the results cannot be determined with precision and may not be realized in an actual sale or immediate settlement of the asset. Additionally, there may be inherent weaknesses in any calculation technique, and changes in the underlying assumptions used, including discount rates and estimates of future cash flows, could significantly affect the results of current or future valuations. FASB ASC Topic 825 “Financial Instruments” provides an option to elect fair value as an alternative measurement for selected financial assets and financial liabilities not previously recorded at fair value. The fair value of a financial instrument is the current amount that would be exchanged between willing parties, other than in a forced liquidation. The Company monitors and evaluates available data to perform fair value measurements on an ongoing basis and recognizes transfers among the levels of the fair value hierarchy as of the date event or a change in circumstances that affects the valuation method chosen. There were no changes in valuation technique or transfers between levels as of and for the years ended September 30, 2017 and 2016. The tables below present the balances of assets measured at fair value on a recurring basis at September 30, 2017 and 2016: September 30, 2017 Total Level 1 Level 2 Level 3 (in thousands) Assets: Investment securities available-for-sale: Debt securities: State and municipal obligations $ 7,029 $ — $ 7,029 $ — Single issuer trust preferred security 934 — 934 — Corporate debt securities 6,374 — 6,374 Mutual funds 250 — — 250 Total investment securities available-for-sale 14,587 — 14,337 250 Derivative instruments $ 376 $ — $ 376 $ — September 30, 2016 Total Level 1 Level 2 Level 3 (in thousands) Assets: Investment securities available-for-sale: Debt securities: State and municipal obligations $ 25,307 $ — $ 25,307 $ — Single issuer trust preferred security 878 — 878 — Corporate debt securities 40,202 — 40,202 — Total investment securities available-for-sale 66,387 — 66,387 — Liabilities: Derivative instruments $ 542 $ — $ 542 $ — For assets measured at fair value on a nonrecurring basis in fiscal 2017 and fiscal 2016 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, 2017 and 2016: September 30, 2017 Total Level 1 Level 2 Level 3 (in thousands Impaired loans (1) $ 137 $ — $ — $ 137 Total $ 137 $ — $ — $ 137 September 30, 2017 Fair Value at September 30, 2017 Valuation Technique Unobservable Input Range/(Weighted Average) (dollars in thousands) Impaired loans (1) $ 137 Appraisal of collateral (2) Collateral discounts (3) 0%/(0% ) Total $ 137 (1) At September 30, 2017, consisted of five loans with an aggregate balance of $374,000 and with $237,000 in specific loan loss allowance. (2) Fair value is generally determined through independent appraisals of the underlying collateral primarily using comparable sales. (3) Appraisals may be adjusted by management for qualitative factors such as time, changes in economic conditions and estimated liquidation expense. September 30, 2016 Total Level 1 Level 2 Level 3 (in thousands) Impaired loans (1) $ 8 $ — $ — $ 8 Total $ 8 $ — $ — $ 8 September 30, 2016 Fair Value at September 30, 2017 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. For the year ended September 30, 2017and 2016, the Company did not have any additions to our mortgage servicing assets. 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, 2017 and 2016. Although management is not aware of any factors that would significantly affect the estimated fair value amounts, such amounts have not been comprehensively revalued for purposes of these financial statements since September 30, 2017 and 2016 and, therefore, current estimates of fair value may differ significantly from the amounts presented herein. The following assumptions were used to estimate the fair value of the Company’s financial instruments: Cash and Cash Equivalents Investment Securities Loans Receivable Impaired Loans 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, 2017 and 2016 were as follows: Carrying Amount Fair Value Level 1 Level 2 Level 3 (in thousands) September 30, 2017: Financial assets: Cash and cash equivalents $ 117,136 $ 117,136 $ 117,136 $ — $ — Investment securities available-for-sale 14,587 14,587 — 14,337 250 Investment securities held-to-maturity 34,915 34,566 — 34,566 — Loans receivable, net (including impaired loans) 834,331 839,242 — — 839,242 Accrued interest receivable 3,139 3,139 — 3,139 — Restricted stock 5,559 5,559 — 5,559 — Mortgage servicing rights (included in Other Assets) 268 271 — 271 — Derivatives 376 376 376 Financial liabilities: Savings accounts 44,526 44,526 — 44,526 — Checking and NOW accounts 197,700 197,700 — 197,700 — Money market accounts 276,404 276,404 — 276,404 — Certificates of deposit 271,766 273,723 — 273,723 — Borrowings(excluding sub debt) 123,000 123,658 — 123,658 — Subordinated debt 24,303 24,303 24,303 Accrued interest payable 694 694 — 694 — 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) 328 308 — 308 — Financial liabilities: Savings accounts 44,714 44,714 — 44,714 — Checking and NOW accounts 129,588 129,588 — 129,588 — Money market accounts 177,486 177,486 — 177,486 — Certificates of deposit 250,258 252,232 — 252,232 — FHLB advances 118,000 119,946 — 119,946 — Derivatives (included in Other Liabilities) 542 542 — 542 — Accrued interest payable 427 427 — 427 —

Income Taxes

Income Taxes	12 Months Ended
	Sep. 30, 2017
Income Tax Disclosure [Abstract]
Income Taxes	Note 12 - Income Taxes In accordance with ASC Topic 740, the Company evaluates on a quarterly basis, all evidence, both positive and negative, to determine whether, based on the weight of that evidence, a valuation allowance for DTAs is needed. 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. Deferred income taxes at September 30, 2017 and 2016 were as follows: September 30, 2017 2016 (In thousands) Deferred Tax Assets: Allowance for loan losses 4,279 3,299 Non-accrual interest 16 56 Alternative minimum tax (AMT) credit carryover 526 287 Low-income housing tax credit carryover 217 217 Supplement Employer Retirement Plan 386 412 Charitable contributions — 61 Depreciation 146 60 Federal net operating loss 935 4,344 Unrealized loss on investments available-for-sale 96 — Other 388 651 Total Deferred Tax Assets 6,989 9,387 Valuation allowance for DTA — (61 ) Total Deferred Tax Assets, Net of Valuation Allowance $ 6,989 $ 9,326 Deferred Tax Liabilities: Unrealized gain on investments available-for-sale — (152 ) Mortgage servicing rights (89 ) (112 ) Other (229 ) (235 ) Total Deferred Tax Liabilities (318 ) (499 ) Deferred Tax Assets, Net $ 6,671 $ 8,827 Of these DTA, the carryforward periods for certain tax attributes are as follows: • Gross federal net operating loss carryforwards of $2.9 million (net DTA of $1.0 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 Income tax expense (benefit) for the years ended September 30, 2017, 2016 and 2015 was comprised of the following: September 30, 2017 2016 2015 (In thousands) Federal: Current $ 404 $ 142 $ 65 Deferred 2,092 (6,316 ) (1,035 ) 2,496 (6,174 ) (970 ) State, current: 426 - - $ 2,922 $ (6,174 ) $ (970 ) The following reconciliation between federal income tax at the statutory rate of 34% and the actual income tax expense (benefit) recorded on income before income taxes for the years ended September 30, 2017, 2016 and 2015: September 30, 2017 2016 2015 (Dollars in thousands) At federal statutory rate at 34% $ 2,971 $ 2,032 $ 1,257 Adjustments resulting from: State tax, net of federal benefit 281 - - Tax-exempt interest (161 ) (265 ) (186 ) Earnings on bank-owned life insurance (172 ) (176 ) (231 ) DTA valuation allowance - (8,007 ) (2,031 ) Other 3 242 221 $ 2,922 $ (6,174 ) $ (970 ) Effective tax rate 33.4 % (103.3 )% (26.2 )% 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, 2017 and 2016, 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, 2014 to September 30, 2017. 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. On December 22, 2017, the Tax Cuts and Jobs Act (the “Act”) was signed into law. We are in the process of analyzing the Act and its possible effects on the Company and the Bank. The Act reduces the corporate tax rate to 21 percent from 35 percent, among other things. It could also require us to write down our deferred tax assets, which would reduce our net income during the first quarter of fiscal 2018. We cannot determine at this time the amount of any such write down, or the full effects of the Act on our business and financial results.

Leases

Leases	12 Months Ended
	Sep. 30, 2017
Leases [Abstract]
Leases	Note 13 - Leases Pursuant to the terms of non-cancelable operating lease agreements, pertaining to Company property, future minimum rent commitments are (In thousands): Years ending September 30: 2018 $ 495 2019 465 2020 468 2021 499 2022 479 Thereafter 1,756 $ 4,162 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: 2018 $ 159 2019 80 2020 37 2021 38 2022 29 $ 343

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Sep. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 14 - Commitments and Contingencies The Company is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit, unused lines of credit and standby letters of credit. Such commitments involve, to varying degrees, elements of credit, and interest rate risk in excess of the amount recognized in the statements of financial condition. The Company’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit is represented by the contractual amount of those instruments. The Company uses the same credit policies in making commitments and conditional obligations as it does for on-balance sheet instruments. Letters of credit are conditional commitments issued by the Company guaranteeing payments of drafts in accordance with the terms of the letter of credit agreements. Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third party. Collateral may be required to support letters of credit based upon management’s evaluation of the creditworthiness of each customer. The credit risk involved in issuing letters of credit is substantially the same as that involved in extending loan facilities to customers. Most letters of credit expire within one year. At September 30, 2017 and 2016, the uncollateralized portion of the letters of credit extended by the Company was approximately $4.7 million and $1.9 million, respectively. The current amount of the liability for guarantees under letters of credit was not material as of September 30, 2017 or 2016. At September 30, 2017 and 2016, the following financial instruments were outstanding whose contract amounts represent credit risk: September 30, 2017 2016 (In thousands) Commitments to extend credit: Future loan commitments $ 80,273 $ 97,566 Undisbursed construction loans 37,064 33,135 Undisbursed home equity lines of credit 26,440 25,270 Undisbursed commercial lines of credit 34,311 22,272 Undisbursed commercial unsecured lines of credit 21,035 26,395 Overdraft protection lines 1,339 850 Standby letters of credit 4,650 1,927 Total Commitments $ 205,112 $ 207,415 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, 2017
Banking and Thrift [Abstract]
Regulatory Matters	Note 15 - Regulatory Matters The Bank is subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Bank’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of the Bank’s assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. The Bank’s capital amounts and classifications are also subject to qualitative judgments by the regulators about components, risk-weightings and other factors. In July of 2013, the respective U.S. federal banking agencies issued final rules implementing Basel III and the Dodd-Frank Act capital requirements to be fully phased in on a global basis on January 1, 2019. The new regulations establish a new tangible common equity capital requirement, increase the minimum requirement for the current Tier 1 risk-weighted asset (“RWA”) ratio, phase out certain kinds of intangibles treated as capital and certain types of instruments and change the risk weightings of certain assets used to determine required capital ratios. The new common equity Tier 1 capital component requires capital of the highest quality – predominantly composed of retained earnings and common stock instruments. For community banks such as Malvern Federal Savings Bank, a common equity Tier 1 capital ratio 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, 2017, the Company’s and the Bank’s current capital levels exceed the required capital amounts to be considered “well capitalized” and we believe they also meet the fully-phased in minimum capital requirements, including the related capital conservation buffers, as required by the Basel III capital rules. The following table summarizes the Company’s compliance with applicable regulatory capital requirements as of September 30, 2017: Actual For Capital To Be Well (Dollars in thousands) Capital Ratio Capital Ratio Capital Ratio As of September 30, 2017: Tier 1 Leverage (Core) Capital (to average assets) $ 100,779 10.00 % $ 40,315 4.00 % $ 50,394 5.00 % Common Equity Tier 1 Capital (to risk weighted assets) 100,779 12.28 % 36,945 4.50 % 53,364 6.50 % Tier 1 Capital (to risk weighted assets) 100,779 12.28 % 49,260 6.00 % 65,679 8.00 % Total Risk Based Capital (to risk weighted assets) 133,549 16.27 % 65,679 8.00 % 82,099 10.00 % 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, 2017 and 2016: To Be Well For Capital Under Prompt Actual Adequacy Purposes Action Provisions (Dollars in thousands) Capital Ratio Capital Ratio Capital Ratio As of September 30, 2017: Tier 1 Leverage (to average assets) $ 120,902 12.02 % $ 40,234 4.00 % $ 50,292 5.00 % Common Equity Tier 1 Capital (to risk weighted assets) 120,902 14.75 % 36,894 4.50 % 53,292 6.50 % Tier 1 Capital (to risk weighted assets) 120,902 14.75 % 49,192 6.00 % 65,590 8.00 % Total Capital (to risk weighted assets) 129,369 15.78 % 65,590 8.00 % 81,987 10.00 % 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 % 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, 2017 and 2016: September 30, 2017 2016 (In thousands) Bank GAAP equity $ 122,643 $ 90,877 Disallowed portion of deferred tax asset (1,679 ) (4,344 ) Net unrealized loss (gain) on securities available for sale, net of income taxes 186 (294 ) Net unrealized loss (gain) on derivatives, net of income taxes (248 ) 357 Tangible Capital , Core Capital and Tier 1 Capital 120,902 86,596 Allowance for loan losses 8,467 5,496 Total Risk-Based Capital $ 129,369 $ 92,092

Comprehensive Income (Loss)

Comprehensive Income (Loss)	12 Months Ended
	Sep. 30, 2017
Equity [Abstract]
Comprehensive Income (Loss)	Note 16 – Comprehensive Income (Loss) The components of accumulated other comprehensive (loss) included in shareholders’ equity are as follows: September 30, 2017 2016 2015 (In thousands) Net unrealized holding gains (losses) on available-for-sale securities $ (282 ) $ 447 $ (1,011 ) Tax effect 96 (152 ) 344 Net of tax amount (186 ) 295 (667 ) 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 376 (542 ) (348 ) Tax effect (128 ) 184 12 Net of tax amount 248 (358 ) (336 ) Total accumulated other comprehensive loss $ 62 $ (63 ) $ (1,079 ) Other comprehensive income and related tax effects are presented in the following table: Year Ended September 30, 2017 2016 2015 (In thousands) Net unrealized holding gains (losses) on available-for-sale securities $ (275 ) $ 2,128 $ 2,120 Net realized gain on securities available-for-sale (463 ) (565 ) (515 ) Amortization of unrealized holding losses on securities available-for-sale transferred to held-to-maturity 9 9 5 Fair value adjustment on derivatives 918 (194 ) (348 ) Other comprehensive income before taxes 189 1,378 1,262 Tax effect (64 ) (362 ) (536 ) Total comprehensive income $ 125 $ 1,016 $ 726

Equity Based Incentive Compensa

Equity Based Incentive Compensation Plan	12 Months Ended
	Sep. 30, 2017
Equity Based Incentive Compensation Plan
Equity Based Incentive Compensation Plan	Note 17 – 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, 2017, there were 374,789 remaining shares available for future grants. Restricted stock and option awards granted during fiscal 2017 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. During fiscal 2017 and 2016 stock options covering a total 7,000 and 5,000 shares of common stock, respectively, were granted. No options were granted in fiscal 2015. Total compensation expense related to options granted under the 2014 Plan was $10,000 for fiscal 2017 and $3,000 for fiscal 2016 and zero for fiscal 2015, respectively. During fiscal 2017, 12,522 shares of restricted stock were awarded and 241 of those shares were forfeited. During fiscal 2016, 2,240 shares of restricted stock were awarded and 310 of those shares were forfeited. During fiscal 2015 no shares of restricted stock were awarded. The compensation expense related to restricted stock awards was approximately $100,000 for fiscal 2017 and $5,000 in fiscal 2016 and zero in fiscal 2015, 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, 2017 are as follows: Weighted average fair value of awards $ 6.99 Risk-free rate 2.17 % Dividend yield - % Volatility 28.23 % Expected life 6.5 years 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, 2017: Shares Weighted Weighted Aggregate Outstanding, beginning of year 5,000 16.02 1,900 Granted 7,000 $ 21.00 — Exercised — — — Forfeited/cancelled/expired (1,000 ) 16.02 4,780 Outstanding, end of year 11,000 $ 19.19 9.129 $ 83,170 Exercisable at end of year 800 16.02 8.498 8,584 Nonvested at end of year 10,200 $ 19.44 9.184 $ 74,586 The table below summarizes the activity for the Company’s restricted stock outstanding at September 30, 2017: Shares Weighted Average Fair Value Outstanding, beginning of year 1,930 17.40 Granted 12,522 $ 20.79 Vested (3,500 ) 20.46 Forfeited/cancelled/expired (241 ) 17.40 Outstanding, end of year 10,711 $ 20.36 As of September 30, 2017, there was $191,000 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 4.30 years. As of September 30, 2017, there was $58,000 of total unrecognized compensation cost related to nonvested options to purchase 11,000 shares of common stock under the Plan. The cost is expected to be recognized over a weighted average period of 4.24 years.

Subordinated Debt

Subordinated Debt	12 Months Ended
	Sep. 30, 2017
Debt Disclosure [Abstract]
Subordinated Debt	Note 18 – Subordinated Debt On February 7, 2017, the Company issued $25.0 million in aggregate principal amount of its 6.125% fixed-to-floating rate subordinated notes due 2027 (the “Notes”). The Notes have a stated maturity of February 15, 2027, are redeemable, in whole or in part, on or after February 15, 2022, and at any time upon the occurrences of certain events. The Notes bear interest at a fixed rate of 6.125% per year, from and including February 7, 2017 to, but excluding February 15, 2022. From and including February 15, 2022 to the maturity date or earlier redemption date, the interest rate will reset quarterly at a variable rate equal to the then current 3-month LIBOR plus 414.5 basis points. The Notes were structured to qualify as Tier 2 capital for regulatory purposes. The Company’s net subordinated debt totaled $24.3 million (reported net of $737,000 in debt issuance costs) at September 30, 2017. The Company may not redeem the Notes prior to February 15, 2022, except that the Company may redeem the Notes at any time, at its option, in whole but not in part, subject to obtaining any required regulatory approvals, if (i) a change or prospective change in law occurs that could prevent the Company from deducting interest payable on the Notes for U.S. federal income tax purposes, (ii) a subsequent event occurs that precludes the Notes from being recognized as Tier 2 capital for regulatory capital purposes, or (iii) the Company is required to register as an investment company under the Investment Company Act of 1940, as amended, in each case, at a redemption price equal to 100% of the principal amount of the Notes plus any accrued and unpaid interest through, but excluding, the redemption date.

Condensed Financial Information

Condensed Financial Information - Parent Company Only	12 Months Ended
	Sep. 30, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Financial Information - Parent Company Only	Note 19 – Condensed Financial Information - Parent Company Only Condensed Statements of Financial Condition September 30, 2017 2016 (In thousands) Assets Cash and Cash Equivalents $ 7,157 $ 3,192 Investment in subsidiaries 122,643 90,877 Loans receivable, net 1,568 1,709 Other assets 689 418 Total Assets $ 132,057 $ 96,196 Liabilities Subordinated debt $ 24,303 $ - Other borrowings 5,000 - Accrued interest payable 204 - Accounts payable 30 39 Shareholders’ Equity 102,520 96,157 Total Liabilities and Shareholders’ Equity $ 132,057 $ 96,196 Condensed Statements of Operations Year Ended September 30, 2017 2016 2015 (In thousands) Income Interest income $ 81 $ 116 $ 196 Total Interest Income 81 116 196 Expense Long-term borrowings 1,021 — - Total Interest Expense 1,021 - - Other operating expenses 272 189 251 Total Other Expenses 272 189 251 Total Expense 1,293 189 251 Loss before Equity in Undistributed Net Income of Subsidiaries and Income Tax Expense (1,212 ) (73 ) (55 ) Equity in Undistributed Net Income of Subsidiaries 6,792 12,334 4,723 Income tax (benefit) expense (237 ) 111 - Net Income $ 5,817 $ 12,150 $ 4,668 Condensed Statements of Comprehensive Income Year Ended September 30, (In thousands) 2017 2016 2015 Net Income $ 5,817 $ 12,150 $ 4,668 Other Comprehensive Income (Loss), Net of Tax: Unrealized holding gains (losses) on available-for-sale securities (275 ) 2,128 2,120 Tax effect 94 (723 ) (721 ) Net of tax amount (181 ) 1,405 1,399 Reclassification adjustment for net gains arising during the period (1) (463 ) (565 ) (515 ) Tax effect 157 192 175 Net of tax amount (306 ) (373 ) (340 ) Accretion of unrealized holding losses on securities transferred from available-for-sale to held- to-maturity (2) 9 9 5 Tax effect (3 ) (3 ) (2 ) Net of tax amount 6 6 3 Fair value adjustment on derivatives 918 (194 ) (348 ) Tax effect (312 ) 172 12 Net of tax amount 606 (22 ) (336 ) Total other comprehensive income 125 1,016 726 Total comprehensive income $ 5,942 $ 13,166 $ 5,394 (1) (2) Condensed Statements of Cash Flows Year Ended September 30, 2017 2016 2015 (In thousands) Cash Flows from Operating Activities Net income $ 5,817 $ 12,150 $ 4,668 Undistributed net income of subsidiaries (6,792 ) (12,334 ) (4,722 ) Deferred income taxes, net - - 84 ESOP shares committed to be released 311 242 195 Stock based compensation 110 - - Amortization of subordinated debt issuance cost 39 - - (Increase) decrease in other assets (620 ) (2,629 ) 239 Increase (decrease) in other liabilities 196 18 (27 ) Net Cash (Used in) Provided by Operating Activities (939 ) (2,553 ) 437 Cash Flows from Investing Activities Proceeds from maturities and principal collection on - 287 511 Calls, sales of investment securities - - 1,812 Loan originations and principal collections, net 140 133 127 Net Cash Provided by Investing Activities 140 420 2,450 Cash Flows from Financing Activities Net proceeds from issuance of subordinated debt 24,264 - - Capitalization from Bancorp to Malvern Federal Savings Bank (24,500 ) - - Proceeds from other borrowings 10,000 - - Repayment of borrowings (5,000 ) - - Net Cash Provided by Financing Activities 4,764 - - Net (Decrease) Increase in Cash and Cash Equivalents 3,965 (2,133 ) 2,887 Cash and Cash Equivalents - Beginning 3,192 5,325 2,438 Cash and Cash Equivalents - Ending $ 7,157 $ 3,192 $ 5,325 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, 2017
Quarterly Financial Information Disclosure [Abstract]
Quarterly Financial Information of Malvern Bancorp Inc. (Unuadited)	Note 20 – Quarterly Financial Information of Malvern Bancorp Inc. (Unuadited) The following tables are a summary of certain quarterly financial data for the fiscal years ended September 30, 2017 and 2016. 2017 4 th Quarter 3 rd Quarter 2 nd Quarter 1 st Quarter (Dollars in thousands, except per share data) Total Interest and Dividend Income 9,529 $ 8,973 $ 8,175 $ 7,105 Total Interest Expense 2,822 2,574 2,184 1,866 Net Interest Income 6,707 6,399 5,991 5,239 Provision for Loan Losses 489 645 997 660 Total Other Income 532 814 542 453 Total Other Expenses 3,813 3,986 3,778 3,570 Income before income tax expense 2,937 2,582 1,758 1,462 Income tax expense 982 863 588 489 Net Income $ 1,955 $ 1,719 $ 1,170 $ 973 Earnings Per Common Share: Basic $ 0.30 $ 0.27 $ 0.18 $ 0.15 Diluted $ 0.30 $ 0.27 $ 0.18 0.15 Weighted Average Common Shares Outstanding Basic 6,441,731 6,443,515 6,427,309 6,418,583 Diluted 6,445,151 6,445,288 6,427,932 6,419,012 2016 4 th Quarter 3 rd Quarter 2 nd Quarter 1 st Quarter (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

Subsequent Event

Subsequent Event	12 Months Ended
	Sep. 30, 2017
Subsequent Events [Abstract]
Subsequent Event	Note 21 – Subsequent Event On December 27, 2017, the Company sold its branch location in Exton, Pennsylvania to an unrelated third party. The Company intends to lease the branch location for a period of time while the Company relocates the office within Exton, Pennsylvania. We are in the process of assessing the accounting for this transaction.

Summary of Significant Accoun30

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Sep. 30, 2017
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, 2017, 2016 and 2015 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 zero and $4.8 million at September 30, 2017 and 2016, 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, 2017 and 2016, 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 Held for Sale	Loans Held for Sale Mortgage loans originated and intended for sale in the secondary market are carried at the lower of cost or estimated fair value or fair value under the fair value option accounting guidance for financial instruments. For loans carried at the lower of cost or estimated fair value, gains and losses on loan sales (sale proceeds minus carrying value) are recorded in other income and direct loan origination costs and fees are deferred at origination of the loan and are recognized in other income upon sale of the loan.
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 servicing 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, 2017and 2016, restricted stock consists of the common stock of the Federal Home Loan Bank of Pittsburgh (“FHLB”) and Atlantic Community Bankers Bank (“ACBB”). 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, 2017 and 2016, there were net repurchases of restricted stock of $135,000 and $659,000, respectively. Also as of September 30, 2017 and 2016 the number of FHLB shares was 54,787 and 53,441, respectively. There were approximately $257,000, $250,000 and $311,000 of dividends on FHLB stock received or recognized in income for fiscal years 2017, 2016 and 2015, 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 $115,000, $90,000, and $64,000, for fiscal 2017, 2016, and 2015, respectively. There were no bonus matching contributions for fiscal years 2017, 2016 or 2015. 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 $1.1 million at September 30, 2017 and 2016, respectively. Distributions made to directors for the fiscal year 2017 and 2016 were approximately $25,000 and $4,000, respectively. The expense/(benefit) associated with the Plans for the years ended September 30, 2017, 2016, and 2015 was $30,000, $11,000, and $(24,000), 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. Advertising expense was $216,000, $131,000 and $239,000 in 2017, 2016 and 2015 respectively.
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 May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers (Topic 606). This ASU supersedes the revenue recognition requirements in ASC 605, Revenue Recognition. ASU No. 2014-09 will require an entity to recognize revenue when it transfers promised goods or services to customers using a five-step model that requires entities to exercise judgment when considering the terms of the contracts. In August 2015, the FASB issued ASU No. 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date. This amendment defers the effective date of ASU 2014-09 by one year. In March 2016, the FASB issued ASU 2016-08, Principal versus Agent Considerations (Reporting Gross versus Net), which amends the principal versus agent guidance and clarifies that the analysis must focus on whether the entity has control of the goods or services before they are transferred to the customer. In addition, the FASB issued ASU Nos. 2016-20, Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers and 2016-12, Narrow-Scope Improvements and Practical Expedients, both of which provide additional clarification of certain provisions in Topic 606. These ASC updates are effective for public business entities in annual and interim reporting periods in fiscal years beginning after December 15, 2017. Early application is permitted for all entities, but not before annual reporting periods beginning after December 15, 2016. The standard permits the use of either the retrospective or retrospectively with the cumulative effect transition method. The Company will adopt the standard on October 1, 2018. The Company is currently evaluating the effect the standard will have on its consolidated financial statements and related disclosures. In October 2016, the FASB issued ASU No. 2016-16, "Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory". The ASU requires an entity to recognize the income tax consequences of intra-entity transfers of assets other than inventory at the time that the transfer occurs. Current guidance does not require recognition of tax consequences until the asset is eventually sold to a third party. ASU 2016-16 is effective for fiscal years, and interim periods within, beginning after December 15, 2017, with early adoption permitted as of the first interim period presented in a year. The Company 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 except the adoption of this guidance to have a material impact on its consolidated financial statement. 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 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 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 is currently evaluating the effect of the standard will have on its consolidated financial statements and related disclosures. In August 2017, the FASB issued ASU No. 2017-12 “Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities.” The guidance is intended to update and better align an entity’s risk management activities and financial reporting for hedging relationships through changes to both the designation and measurement guidance for qualifying hedging relationships and the presentation of hedge results. To meet that objective, the amendments expand and refine hedge accounting for both nonfinancial and financial risk components and align the recognition and presentation of the effects of the hedging instrument and the hedged item in the financial statements. The updated guidance is effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. The Company is currently evaluating the effect of the standard will have on its consolidated financial statements and related disclosures. In May 2017, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2017-09, “Scope of Modification Accounting”, to provide clarity and reduce both (1) diversity in practice and (2) cost and complexity when applying the guidance in Topic 718, Compensation—Stock Compensation, to a change to the terms or conditions of a share-based payment award. The amendments in this update provide guidance about which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting in Topic 718. An entity should account for the effects of a modification unless all the following are met: (1) the fair value (or calculated value or intrinsic value, if such an alternative measurement method is used) of the modified award is the same as the fair value (or calculated value or intrinsic value, if such an alternative measurement method is used) of the original award immediately before the original award is modified. If the modification does not affect any of the inputs to the valuation technique that the entity uses to value the award, the entity is not required to estimate the value immediately before and after the modification; (2) the vesting conditions of the modified award are the same as the vesting conditions of the original award immediately before the original award is modified; (3) the classification of the modified award as an equity instrument or a liability instrument is the same as the classification of the original award immediately before the original award is modified. The current disclosure requirements in Topic 718 apply regardless of whether an entity is required to apply modification accounting under the amendments in this update. For public business entities, the amendments in this update become effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2017. Early adoption is permitted, including adoption in an interim period. An entity should apply the amendments in this update prospectively to an award modified on or after the adoption date. The Company is currently evaluating the impact of adopting the new guidance on the Consolidated Financial Statements, but it is not expected to have a material impact. In March 2017, the FASB issued ASU No. 2017-08, “Premium Amortization on Purchased Callable Debt Securities.” This ASU shortens the amortization period for the premium on certain purchased callable debt securities to the earliest call date. Today, entities generally amortize the premium over the contractual life of the security. The new guidance does not change the accounting for purchased callable debt securities held at a discount; the discount continues to be amortized to maturity. ASU No. 2017-08 is effective for interim and annual reporting periods beginning after December 15, 2018; early adoption is permitted. The guidance calls for a modified retrospective transition approach under which a cumulative-effect adjustment will be made to retained earnings as of the beginning of the first reporting period in which the guidance is adopted. The Company is currently evaluating the provisions of ASU No. 2017-08 to determine the potential impact the new standard will have on the Company’s Consolidated Financial Statements. In March 2017, the FASB issued ASU No. 2017-07, “Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost.” The new guidance requires that the service cost component of net benefit costs of pension and postretirement benefit plans be reported in the same line item as other compensation costs in the Consolidated Statements of Income. The other components of net benefit cost will be required to be presented in a separate line item. The guidance also specifies that only the service cost component will be eligible for capitalization. This guidance is effective for fiscal years beginning after December 15, 2017 and interim periods within those fiscal years. The Company is currently evaluating the impact of adopting the new guidance on the Consolidated Financial Statements, but is not expected to have a material impact. In November 2016, the FASB issued ASU 2016-18, “Statement of Cash Flows (Topic 230) Restricted Cash”. The new guidance requires restricted cash and restricted cash equivalents to be included with cash and cash equivalents when reconciling the beginning-of-period and end-of period total amounts shown on the statement of cash flows. If restricted cash is presented separately from cash and cash equivalents on the balance sheet, companies will be required to reconcile the amounts presented on the statement of cash flows to the amounts on the balance sheet. Companies will also need to disclose information about the nature of the restrictions. The amendments in this update do not provide a definition of restricted cash or restricted cash equivalents. The guidance is effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. The Company is currently evaluating the impact of adopting the new guidance on the Consolidated Financial Statements.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Sep. 30, 2017
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) 2017 2016 2015 Net Income $ 5,817 $ 12,150 $ 4,668 Weighted average shares outstanding 6,567,788 6,560,012 6,558,473 Average unearned ESOP shares (136,343 ) (150,747 ) (165,143 ) Basic weighted average shares outstanding 6,431,445 6,409,265 6,393,330 Plus: effect of dilutive options and restricted stock 692 60 - Diluted weighted average common shares outstanding 6,432,137 6,409,325 6,393,330 Earnings per share: Basic $ 0.90 $ 1.90 $ 0.73 Diluted $ 0.90 1.90 n/a

Investment Securities (Tables)

Investment Securities (Tables)	12 Months Ended
	Sep. 30, 2017
Investments, Debt and Equity Securities [Abstract]
Schedule of Investment securities	The following tables present information related to the Company’s investment securities at September 30, 2017 and 2016. September 30, 2017 Amortized Gross Gross Fair (In thousands) Investment Securities Available-for-Sale: State and municipal obligations $ 6,992 $ 39 $ (2 ) $ 7,029 Single issuer trust preferred security 1,000 — (66 ) 934 Corporate debt securities 6,627 — (253 ) 6,374 Mutual fund 250 — — 250 Total 14,869 39 (321 ) 14,587 Investment Securities Held-to-Maturity: U.S. government agencies $ 1,999 $ — $ (8 ) $ 1,991 State and municipal obligations 9,574 89 — 9,663 Corporate debt securities 3,818 26 — 3,844 Mortgage-backed securities: Collateralized mortgage obligations, fixed-rate 19,524 1 (457 ) 19,068 Total $ 34,915 $ 116 $ (465 ) $ 34,566 Total investment securities $ 49,784 $ 155 $ (786 ) $ 49,153 September 30, 2016 Amortized Gross Gross Fair (In thousands) Investment Securities Available-for-Sale: State and municipal obligations $ 24,751 $ 557 $ (1 ) $ 25,307 Single issuer trust preferred security 1,000 — (122 ) 878 Corporate debt securities 40,189 347 (334 ) 40,202 Total $ 65,940 904 (457 ) 66,387 Investment Securities Held-to-Maturity: U.S. government agencies $ 2,999 $ 16 $ — $ 3,015 State and municipal obligations 9,826 167 (1 ) 9,992 Corporate debt securities 3,916 77 — 3,993 Mortgage-backed securities: Collateralized mortgage obligations, fixed-rate 23,810 102 (95 ) 23,817 Total $ 40,551 $ 362 $ (96 ) $ 40,817 Total investment securities $ 106,491 $ 1,266 $ (553 ) $ 107,204
Schedule of aggregate investments in an unrealized loss position	The following tables indicate gross unrealized losses not recognized in income and fair value, aggregated by investment category and the length of time individual securities have been in a continuous unrealized loss position at September 30, 2017 and 2016. September 30, 2017 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 $ — $ — $ 500 $ (2 ) $ 500 $ (2 ) Single issuer trust preferred security — — 934 (66 ) 934 (66 ) Corporate debt securities — — 6,375 (253 ) 6,375 (253 ) Total $ — $ — $ 7,809 $ (321 ) $ 7,809 $ (321 ) Investment Securities Held-to-Maturity: U.S. government agencies — — 1,991 (8 ) 1,991 (8 ) State and municipal obligations — — — — — — Mortgage-backed securities: CMO, fixed-rate — — 18,902 (457 ) 18,902 (457 ) Total — — 20,893 (465 ) 20,893 (465 ) Total investment securities $ — $ — $ 28,702 $ (786 ) $ 28,702 $ (786 ) 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 )
Schedule of amortized cost and fair value of debt securities by contractual maturity	The following table presents information for investment securities at September 30, 2017, based on scheduled maturities. Actual maturities can be expected to differ from scheduled maturities due to prepayment or early call options of the issuer. September 30, 2017 Amortized Cost Fair Value (In thousands) Investment Securities Available-for-Sale: Due in one year or less $ — $ — Due after one year through five years 2,831 2,842 Due after five years through ten years 10,583 10,356 Due after ten years 1,455 1,389 Total $ 14,869 $ 14,587 Investment Securities Held-to-Maturity: Due after one year through five years $ 1,999 $ 1,991 Due after five years through ten years 5,817 5,900 Due after ten years 27,099 26,675 Total $ 34,915 $ 34,566 Total investment securities $ 49,784 $ 49,153

Loans Receivable and Related 33

Loans Receivable and Related Allowance for Loan Losses (Tables)	12 Months Ended
	Sep. 30, 2017
Receivables [Abstract]
Schedule of loans receivable	Loans receivable in the Company’s portfolio consisted of the following at the dates indicated: September 30, 2017 2016 (In thousands) Residential mortgage $ 192,500 $ 209,186 Construction and Development: Residential and commercial 35,622 18,579 Land 18,377 10,013 Total Construction and Development 53,999 28,592 Commercial: Commercial real estate 437,760 231,439 Farmland 1,723 - Multi-family 39,768 19,515 Other 74,837 38,779 Total Commercial 554,088 289,733 Consumer: Home equity lines of credit 16,509 19,757 Second mortgages 22,480 29,204 Other 2,570 1,914 Total Consumer 41,559 50,875 Total loans 842,146 578,386 Deferred loan fees and cost, net 590 1,208 Allowance for loan losses (8,405 ) (5,434 ) Total loans receivable, net $ 834,331 $ 574,160
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, 2017, 2016 and 2015. Year Ended September 30, 2017 Construction and Commercial Consumer Residential Residential Land Commercial Farmland Multi- Other Home Second Other Unallocated Total (in thousands) Allowance for loan losses: Beginning balance $ 1,201 $ 199 $ 97 $ 1,874 $ - $ 109 $ 158 $ 116 $ 467 $ 34 $ 1,179 $ 5,434 Charge-offs - - - - - - - - (218 ) (5 ) - (223 ) Recoveries 2 90 - 40 - - 9 18 232 12 - 403 Provisions (199 ) 234 35 1,667 9 115 374 (44 ) (79 ) (14 ) 693 2,791 Ending Balance $ 1,004 $ 523 $ 132 $ 3,581 $ 9 $ 224 $ 541 $ 90 $ 402 $ 27 $ 1,872 $ 8,405 Ending balance: individually evaluated for impairment $ - $ - $ - $ - $ - $ - $ 109 $ - $ 128 $ - $ - $ 237 Ending balance: collectively evaluated for impairment $ 1,004 $ 523 $ 132 $ 3,581 $ 9 $ 224 $ 432 $ 90 $ 274 $ 27 $ 1,872 $ 8,168 Loans receivable: Ending balance $ 192,500 $ 35,622 $ 18,377 $ 437,760 $ 1,723 $ 39,768 $ 74,837 $ 16,509 $ 22,480 $ 2,570 $ 842,146 Ending balance: individually evaluated for impairment $ 2,262 $ - $ 94 $ 555 $ - $ - $ 243 $ 10 $ 356 $ - $ 3,520 Ending balance: collectively evaluated for impairment $ 190,238 $ 35,622 $ 18,283 $ 437,205 $ 1,723 $ 39,768 $ 74,594 $ 16,499 $ 22,124 $ 2,570 $ 838,626 Year Ended September 30, 2016 Construction and Development Commercial Consumer Residential Residential Land Commercial Multi- Other Home Second Other Unallocated Total (In thousands) Allowance for loan losses: Beginning balance $ 1,486 $ 30 $ 35 $ 1,235 $ 104 $ 108 $ 139 $ 761 $ 24 $ 745 $ 4,667 Charge-offs (9 ) (91 ) - (99 ) - - - (291 ) (70 ) - (560 ) Recoveries 17 243 - 3 - 3 1 100 13 - 380 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
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, 2017 and 2016. Impaired Loans With Impaired Total Impaired Loans Recorded Related Recorded Recorded Unpaid (In thousands) September 30, 2017: Residential mortgage $ — $ — $ 2,262 $ 2,262 $ 2,379 Construction and Development: Residential and commercial — — — — — Land — — 94 94 94 Commercial: Commercial real estate — — 555 555 555 Other 243 109 — 243 243 Consumer: Home equity lines of credit — — 10 10 11 Second mortgages 131 128 225 356 385 Total impaired loans $ 374 $ 237 $ 3,146 $ 3,520 $ 3,667 September 30, 2016: Residential mortgage $ — $ — $ 1,159 $ 1,159 $ 1,225 Construction and Development: Residential and commercial — — 109 109 109 Commercial: Commercial real estate — — 2,039 2,039 2,039 Consumer: Home equity lines of credit — — 74 74 90 Second mortgages 31 23 246 277 451 Total impaired loans $ 31 $ 23 $ 3,627 $ 3,658 $ 3,914
Schedule of average recorded investment in impaired loans and related interest income recognized	The following table presents the average recorded investment in impaired loans in portfolio and related interest income recognized year ended September 30, 2017, 2016 and 2015. Average Interest Income (In thousands) Year Ended September 30, 2017: Residential mortgages $ 2,076 $ 52 Construction and Development: Residential and commercial 80 4 Land 24 1 Commercial: Commercial real estate 932 18 Other 144 2 Consumer: Home equity lines of credit 38 — Second mortgages 209 3 Total $ 3,503 $ 80 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
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, 2017 and 2016. September 30, 2017 Pass Special Substandard Doubtful Total (In thousands) Residential mortgage $ 189,925 $ 114 $ 2,461 $ — $ 192,500 Construction and Development: Residential and commercial 35,622 — — — 35,622 Land 13,207 — 5,170 — 18,377 Commercial: Commercial real estate 431,336 4,456 1,968 — 437,760 Farmland 1,723 — — — 1,723 Multi-family 39,410 358 — — 39,768 Other 73,935 — 902 — 74,837 Consumer: Home equity lines of credit 16,399 — 110 — 16,509 Second mortgages 21,611 112 757 — 22,480 Other 2,563 6 1 — 2,570 Total $ 825,731 $ 5,046 $ 11,369 $ — $ 842,146 September 30, 2016 Pass Special Substandard Doubtful Total (In thousands) Residential mortgage $ 207,880 $ 122 $ 1,184 $ — $ 209,186 Construction and Development Residential and commercial 18,470 — 109 — 18,579 Land 10,013 — — — 10,013 Commercial: Commercial real estate 221,742 4,990 4,707 — 231,439 Multi-family 19,303 212 — — 19,515 Other 37,848 259 672 — 38,779 Consumer: Home equity lines of credit 19,584 — 173 — 19,757 Second mortgages 27,843 119 1,242 — 29,204 Other 1,903 11 — — 1,914 Total $ 564,586 $ 5,713 $ 8,087 $ — $ 578,386
Schedule of loans that are no longer accruing interest by portfolio class	The following table presents loans on which we are no longer accruing interest by portfolio class at the dates indicated. September 30, 2017 2016 (In thousands) Residential mortgage $ 826 $ 1,072 Construction and Development: Residential and commercial — — Commercial: Commercial real estate — 193 Consumer: Home equity lines of credit 10 74 Second mortgages 202 278 Total non-accrual loans $ 1,038 $ 1,617
Schedule of classes of loan portfolio summarized by aging categories	The following table presents the classes of the loan portfolio summarized by the aging categories as of September 30, 2017 and 2016. Current 30-59 60-89 90 Total Total Loans Accruing (in thousands) September 30, 2017: Residential mortgage $ 189,272 $ 1,442 $ 1,145 $ 641 $ 3,228 $ 192,500 $ 31 Construction and Development: Residential and commercial 35,622 — — — — 35,622 — Land 18,377 — — — — 18,377 — Commercial: Commercial real estate 436,804 160 796 — 956 437,760 — Farmland 1,723 — — — — 1,723 — Multi-family 39,768 — — — — 39,768 — Other 74,837 — — — — 74,837 — Consumer: Home equity lines of 16,122 350 37 — 387 16,509 — Second mortgages 21,183 844 182 271 1,297 22,480 141 Other 2,561 7 1 1 9 2,570 1 Total $ 836,269 $ 2,803 $ 2,161 $ 913 $ 5,877 $ 842,146 $ 173 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
Schedule of TDR loans	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 $252,000 and $141,000 of residential real estate properties in the process of foreclosure at September 30, 2017 and 2016, respectively. Total Troubled Debt Troubled Debt Restructured Number of Recorded Number of Recorded (Dollars in thousands) At September 30, 2017: Residential mortgage 6 $ 1,464 — $ — Construction and Development: Residential and commercial - - — — Land 1 94 Commercial: Commercial real estate 2 554 — — Consumer Second mortgages 3 148 1 22 Total 12 $ 2,260 1 $ 22 At September 30, 2016: Residential mortgage 2 $ 224 1 $ 139 Construction and Development: Residential and commercial 1 109 — — Commercial: Commercial real estate 4 1,845 — — Total 7 $ 2,178 1 $ 139
Schedule of performing status of TDR loans	The following table reports the performing status of all TDR loans. The performing status is determined by the loan’s compliance with the modified terms. September 30, 2017 2016 Performing Non- Performing Non- (In thousands) Residential mortgage $ 1,464 $ — $ 85 $ 139 Construction and Development: Residential and commercial — — 109 — Land 94 — — — Commercial: Commercial real estate 554 — — — Consumer Second mortgages 126 22 1,845 — Total $ 2,238 $ 22 $ 2,039 $ 139
Schedule of new TDR's	The following table shows the new TDR’s for the twelve months ended September 30, 2017 and 2016. September 30, 2017 2016 Restructured During Period Number Pre- Post- Number Pre- Post- Recorded (In thousands) Troubled Debt Restructurings: Residential mortgage 4 $ 1,236 $ 1,236 2 $ 245 $ 245 Commercial: Commercial real estate — — — 1 386 386 Consumer: Second mortgages 3 153 153 — — — Total 7 $ 1,389 $ 1,389 3 $ 631 $ 631
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) 2017 2016 Balance at beginning of year $ 7,992 $ 5,635 New loans 7,231 12,249 Repayments (2,888 ) (9,892 ) Balance at end of year $ 12,335 $ 7,992
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, 2017 2016 2015 (In thousands) Balance at beginning of year $ 328 $ 401 $ 453 Amortization (60 ) (73 ) (82 ) Addition — — 30 Balance at end of year $ 268 $ 328 $ 401

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Sep. 30, 2017
Property, Plant and Equipment [Abstract]
Schedule of property and equipment, net	Property and equipment, net consisted of the following at September 30, 2017 and 2016: September 30, Estimated Useful Life (years) 2017 2016 (In thousands) Land - $ 711 $ 711 Building and improvements 10-39 12,465 11,400 Construction in process - 109 222 Furniture, fixtures and equipment 3-7 5,366 4,722 18,651 17,055 Accumulated depreciation (11,144 ) (10,418 ) $ 7,507 $ 6,637

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Sep. 30, 2017
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, 2017 and 2016 consisted of the following: September 30, 2017 2016 Amount Percent of Total Deposits Amount Percent of Total Deposits (Dollars in thousands) Balances by types of deposit: Savings $ 44,526 5.63 % $ 44,714 7.43 % Money market accounts 276,404 34.97 177,486 29.48 Interest bearing demand 155,579 19.69 95,041 15.78 Non-interest bearing demand 42,121 5.33 34,547 5.74 518,630 65.62 351,788 58.43 Certificates of deposit 271,766 34.38 250,258 41.57 Total $ 790,396 100.00 % $ 602,046 100.00 %
Schedule of interest expense on deposits	Interest expense on deposits consisted of the following for the years: September 30, 2017 2016 2015 (In thousands) Savings accounts $ 37 $ 33 $ 29 Money market accounts 1,985 874 271 Interest bearing demand 353 139 83 Certificates of deposit 3,861 3,491 3,048 Total deposits $ 6,236 $ 4,537 $ 3,431
Schedule of certificates of deposit maturities	The following is a schedule of certificates of deposit maturities. September 30, 2017 (In thousands) Maturing in the Fiscal Year Ending September 30, 2018 $ 184,337 2019 30,678 2020 18,506 2021 16,934 2022 3,248 Thereafter 18,063 $ 271,766

Borrowings (Tables)

Borrowings (Tables)	12 Months Ended
	Sep. 30, 2017
Debt Disclosure [Abstract]
Schedule of summary of long-term borrowings	The summary of long-term borrowings as of September 30, 2017 and 2016 are as follows: September 30, 2017 2016 Weighted Weighted Amount Rate Amount Rate (Dollars in thousands) Due by September 30: 2017 $ - - % $ 35,000 0.22 % 2018 35,000 0.45 - - 2019 55,000 1.62 55,000 1.62 2020 28,000 2.82 28,000 2.83 2021 - - - - Total FHLB Advances $ 118,000 1.51 % $ 118,000 1.65 %

Derivatives (Tables)

Derivatives (Tables)	12 Months Ended
	Sep. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of effects of derivative instruments on the Consolidated Financial Statements	The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the Balance Sheet as of September 30, 2017 and 2016: September 30, 2017 Notional Fair Balance Sheet Expiration Date (dollars in thousand) Derivatives designated as hedging instruments Interest rate swaps by effective date: August 3, 2015 $ 15,000 $ 9 Other assets August 3, 2020 February 5, 2016 20,000 367 Other assets February 1, 2021 September 30, 2016 Notional Fair Balance Sheet Expiration Date (dollars in thousand) Derivatives designated as hedging instruments Interest rate swaps by effective date: August 3, 2015 $ 15,000 $ 394 Other liabilities August 3, 2020 February 5, 2016 20,000 148 Other liabilities February 1, 2021
Schedule of net gains (losses) recorded in accumulated other comprehensive income and the Consolidate Statements of Income	The 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, 2017 Amount of Gain Amount of Gain Amount of Gain (Loss) (in thousands) August 3, 2015 $ 293 $ (111 ) $ — February 5, 2016 466 (48 ) — 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, 2017
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, 2017 and 2016: September 30, 2017 Total Level 1 Level 2 Level 3 (in thousands) Assets: Investment securities available-for-sale: Debt securities: State and municipal obligations $ 7,029 $ — $ 7,029 $ — Single issuer trust preferred security 934 — 934 — Corporate debt securities 6,374 — 6,374 Mutual funds 250 — — 250 Total investment securities available-for-sale 14,587 — 14,337 250 Derivative instruments $ 376 $ — $ 376 $ — September 30, 2016 Total Level 1 Level 2 Level 3 (in thousands) Assets: Investment securities available-for-sale: Debt securities: State and municipal obligations $ 25,307 $ — $ 25,307 $ — Single issuer trust preferred security 878 — 878 — Corporate debt securities 40,202 — 40,202 — Total investment securities available-for-sale 66,387 — 66,387 — Liabilities: Derivative instruments $ 542 $ — $ 542 $ —
Schedule of assets measured at fair value on a non recurring basis	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, 2017 and 2016: September 30, 2017 Total Level 1 Level 2 Level 3 (in thousands Impaired loans (1) $ 137 $ — $ — $ 137 Total $ 137 $ — $ — $ 137 September 30, 2017 Fair Value at Valuation Technique Unobservable Input Range/(Weighted (dollars in thousands) Impaired loans (1) $ 137 Appraisal of collateral (2) Collateral discounts (3) 0%/(0% ) Total $ 137 (1) At September 30, 2017, consisted of five loans with an aggregate balance of $374,000 and with $237,000 in specific loan loss allowance. (2) Fair value is generally determined through independent appraisals of the underlying collateral primarily using comparable sales. (3) Appraisals may be adjusted by management for qualitative factors such as time, changes in economic conditions and estimated liquidation expense. September 30, 2016 Total Level 1 Level 2 Level 3 (in thousands) Impaired loans (1) $ 8 $ — $ — $ 8 Total $ 8 $ — $ — $ 8 September 30, 2016 Fair Value at Valuation Technique Unobservable Input Range/(Weighted (dollars in thousands) Impaired loans (1) $ 8 Appraisal of collateral (2) Collateral discounts (3) 0%/(0% ) Total $ 8 (1) At September 30, 2016, consisted of one loan with an aggregate balance of $31,000 and with $23,000 in specific loan loss allowance. (2) Fair value is generally determined through independent appraisals of the underlying collateral primarily using comparable sales. (3) Appraisals may be adjusted by management for qualitative factors such as time, changes in economic conditions and estimated liquidation expense.
Schedule of carrying amount and estimated fair value of the Company's financial instruments	The carrying amount and estimated fair value of the Company’s financial instruments as of September 30, 2017 and 2016 were as follows: Carrying Fair Value Level 1 Level 2 Level 3 (in thousands) September 30, 2017: Financial assets: Cash and cash equivalents $ 117,136 $ 117,136 $ 117,136 $ — $ — Investment securities available-for-sale 14,587 14,587 — 14,337 250 Investment securities held-to-maturity 34,915 34,566 — 34,566 — Loans receivable, net (including impaired loans) 834,331 839,242 — — 839,242 Accrued interest receivable 3,139 3,139 — 3,139 — Restricted stock 5,559 5,559 — 5,559 — Mortgage servicing rights (included in Other Assets) 268 271 — 271 — Derivatives 376 376 376 Financial liabilities: Savings accounts 44,526 44,526 — 44,526 — Checking and NOW accounts 197,700 197,700 — 197,700 — Money market accounts 276,404 276,404 — 276,404 — Certificates of deposit 271,766 273,723 — 273,723 — Borrowings(excluding sub debt) 123,000 123,658 — 123,658 — Subordinated debt 24,303 24,303 24,303 Accrued interest payable 694 694 — 694 — 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) 328 308 — 308 — Financial liabilities: Savings accounts 44,714 44,714 — 44,714 — Checking and NOW accounts 129,588 129,588 — 129,588 — Money market accounts 177,486 177,486 — 177,486 — Certificates of deposit 250,258 252,232 — 252,232 — FHLB advances 118,000 119,946 — 119,946 — Derivatives (included in Other Liabilities) 542 542 — 542 — Accrued interest payable 427 427 — 427 —

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Sep. 30, 2017
Income Tax Disclosure [Abstract]
Schedule of deferred income taxes	Deferred income taxes at September 30, 2017 and 2016 were as follows: September 30, 2017 2016 (In thousands) Deferred Tax Assets: Allowance for loan losses 4,279 3,299 Non-accrual interest 16 56 Alternative minimum tax (AMT) credit carryover 526 287 Low-income housing tax credit carryover 217 217 Supplement Employer Retirement Plan 386 412 Charitable contributions — 61 Depreciation 146 60 Federal net operating loss 935 4,344 Unrealized loss on investments available-for-sale 96 — Other 388 651 Total Deferred Tax Assets 6,989 9,387 Valuation allowance for DTA — (61 ) Total Deferred Tax Assets, Net of Valuation Allowance $ 6,989 $ 9,326 Deferred Tax Liabilities: Unrealized gain on investments available-for-sale — (152 ) Mortgage servicing rights (89 ) (112 ) Other (229 ) (235 ) Total Deferred Tax Liabilities (318 ) (499 ) Deferred Tax Assets, Net $ 6,671 $ 8,827
Schedule of income tax expense (benefit)	Income tax expense (benefit) for the years ended September 30, 2017, 2016 and 2015 was comprised of the following: September 30, 2017 2016 2015 (In thousands) Federal: Current $ 404 $ 142 $ 65 Deferred 2,092 (6,316 ) (1,035 ) 2,496 (6,174 ) (970 ) State, current: 426 - - $ 2,922 $ (6,174 ) $ (970 )
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 before income taxes for the years ended September 30, 2017, 2016 and 2015: September 30, 2017 2016 2015 (Dollars in thousands) At federal statutory rate at 34% $ 2,971 $ 2,032 $ 1,257 Adjustments resulting from: State tax, net of federal benefit 281 - - Tax-exempt interest (161 ) (265 ) (186 ) Earnings on bank-owned life insurance (172 ) (176 ) (231 ) DTA valuation allowance - (8,007 ) (2,031 ) Other 3 242 221 $ 2,922 $ (6,174 ) $ (970 ) Effective tax rate 33.4 % (103.3 )% (26.2 )%

Leases (Tables)

Leases (Tables)	12 Months Ended
	Sep. 30, 2017
Leases [Abstract]
Schedule of future minimum rental commitments under lease	Pursuant to the terms of non-cancelable operating lease agreements, pertaining to Company property, future minimum rent commitments are (In thousands): Years ending September 30: 2018 $ 495 2019 465 2020 468 2021 499 2022 479 Thereafter 1,756 $ 4,162 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: 2018 $ 159 2019 80 2020 37 2021 38 2022 29 $ 343

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Sep. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
Schedule of financial instruments outstanding	At September 30, 2017 and 2016, the following financial instruments were outstanding whose contract amounts represent credit risk: September 30, 2017 2016 (In thousands) Commitments to extend credit: Future loan commitments $ 80,273 $ 97,566 Undisbursed construction loans 37,064 33,135 Undisbursed home equity lines of credit 26,440 25,270 Undisbursed commercial lines of credit 34,311 22,272 Undisbursed commercial unsecured lines of credit 21,035 26,395 Overdraft protection lines 1,339 850 Standby letters of credit 4,650 1,927 Total Commitments $ 205,112 $ 207,415

Regulatory Matters (Tables)

Regulatory Matters (Tables)	12 Months Ended
	Sep. 30, 2017
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, 2017: Actual For Capital To Be Well (Dollars in thousands) Capital Ratio Capital Ratio Capital Ratio As of September 30, 2017: Tier 1 Leverage (Core) Capital (to average assets) $ 100,779 10.00 % $ 40,315 4.00 % $ 50,394 5.00 % Common Equity Tier 1 Capital (to risk weighted assets) 100,779 12.28 % 36,945 4.50 % 53,364 6.50 % Tier 1 Capital (to risk weighted assets) 100,779 12.28 % 49,260 6.00 % 65,679 8.00 % Total Risk Based Capital (to risk weighted assets) 133,549 16.27 % 65,679 8.00 % 82,099 10.00 % 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, 2017 and 2016: To Be Well For Capital Under Prompt Actual Adequacy Purposes Action Provisions (Dollars in thousands) Capital Ratio Capital Ratio Capital Ratio As of September 30, 2017: Tier 1 Leverage (to average assets) $ 120,902 12.02 % $ 40,234 4.00 % $ 50,292 5.00 % Common Equity Tier 1 Capital (to risk weighted assets) 120,902 14.75 % 36,894 4.50 % 53,292 6.50 % Tier 1 Capital (to risk weighted assets) 120,902 14.75 % 49,192 6.00 % 65,590 8.00 % Total Capital (to risk weighted assets) 129,369 15.78 % 65,590 8.00 % 81,987 10.00 % 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 %
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, 2017 and 2016: September 30, 2017 2016 (In thousands) Bank GAAP equity $ 122,643 $ 90,877 Disallowed portion of deferred tax asset (1,679 ) (4,344 ) Net unrealized loss (gain) on securities available for sale, net of income taxes 186 (294 ) Net unrealized loss (gain) on derivatives, net of income taxes (248 ) 357 Tangible Capital , Core Capital and Tier 1 Capital 120,902 86,596 Allowance for loan losses 8,467 5,496 Total Risk-Based Capital $ 129,369 $ 92,092

Comprehensive Income (Loss) (Ta

Comprehensive Income (Loss) (Tables)	12 Months Ended
	Sep. 30, 2017
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, 2017 2016 2015 (In thousands) Net unrealized holding gains (losses) on available-for-sale securities $ (282 ) $ 447 $ (1,011 ) Tax effect 96 (152 ) 344 Net of tax amount (186 ) 295 (667 ) 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 376 (542 ) (348 ) Tax effect (128 ) 184 12 Net of tax amount 248 (358 ) (336 ) Total accumulated other comprehensive loss $ 62 $ (63 ) $ (1,079 )
Schedule of other comprehensive income (loss) and related tax effects	Other comprehensive income and related tax effects are presented in the following table: Year Ended September 30, 2017 2016 2015 (In thousands) Net unrealized holding gains (losses) on available-for-sale securities $ (275 ) $ 2,128 $ 2,120 Net realized gain on securities available-for-sale (463 ) (565 ) (515 ) Amortization of unrealized holding losses on securities available-for-sale transferred to held-to-maturity 9 9 5 Fair value adjustment on derivatives 918 (194 ) (348 ) Other comprehensive income before taxes 189 1,378 1,262 Tax effect (64 ) (362 ) (536 ) Total comprehensive income $ 125 $ 1,016 $ 726

Equity Based Incentive Compen44

Equity Based Incentive Compensation Plan (Tables)	12 Months Ended
	Sep. 30, 2017
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, 2017 are as follows: Weighted average fair value of awards $ 6.99 Risk-free rate 2.17 % Dividend yield - % Volatility 28.23 % Expected life 6.5 years 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, 2017: Shares Weighted Weighted Aggregate Outstanding, beginning of year 5,000 16.02 1,900 Granted 7,000 $ 21.00 — Exercised — — — Forfeited/cancelled/expired (1,000 ) 16.02 4,780 Outstanding, end of year 11,000 $ 19.19 9.129 $ 83,170 Exercisable at end of year 800 16.02 8.498 8,584 Nonvested at end of year 10,200 $ 19.44 9.184 $ 74,586
Schedule of restricted stock outstanding	The table below summarizes the activity for the Company’s restricted stock outstanding at September 30, 2017: Shares Weighted Outstanding, beginning of year 1,930 17.40 Granted 12,522 $ 20.79 Vested (3,500 ) 20.46 Forfeited/cancelled/expired (241 ) 17.40 Outstanding, end of year 10,711 $ 20.36

Condensed Financial Informati45

Condensed Financial Information - Parent Company Only (Tables)	12 Months Ended
	Sep. 30, 2017
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Schedule of condensed statements of financial condition	Condensed Statements of Financial Condition September 30, 2017 2016 (In thousands) Assets Cash and Cash Equivalents $ 7,157 $ 3,192 Investment in subsidiaries 122,643 90,877 Loans receivable, net 1,568 1,709 Other assets 689 418 Total Assets $ 132,057 $ 96,196 Liabilities Subordinated debt $ 24,303 $ - Other borrowings 5,000 - Accrued interest payable 204 - Accounts payable 30 39 Shareholders’ Equity 102,520 96,157 Total Liabilities and Shareholders’ Equity $ 132,057 $ 96,196
Schedule of condensed statements of operations	Condensed Statements of Operations Year Ended September 30, 2017 2016 2015 (In thousands) Income Interest income $ 81 $ 116 $ 196 Total Interest Income 81 116 196 Expense Long-term borrowings 1,021 — - Total Interest Expense 1,021 - - Other operating expenses 272 189 251 Total Other Expenses 272 189 251 Total Expense 1,293 189 251 Loss before Equity in Undistributed Net Income of Subsidiaries and Income Tax Expense (1,212 ) (73 ) (55 ) Equity in Undistributed Net Income of Subsidiaries 6,792 12,334 4,723 Income tax (benefit) expense (237 ) 111 - Net Income $ 5,817 $ 12,150 $ 4,668
Schedule of condensed statements of comprehensive income (loss)	Condensed Statements of Comprehensive Income Year Ended September 30, (In thousands) 2017 2016 2015 Net Income $ 5,817 $ 12,150 $ 4,668 Other Comprehensive Income (Loss), Net of Tax: Unrealized holding gains (losses) on available-for-sale securities (275 ) 2,128 2,120 Tax effect 94 (723 ) (721 ) Net of tax amount (181 ) 1,405 1,399 Reclassification adjustment for net gains arising during the period (1) (463 ) (565 ) (515 ) Tax effect 157 192 175 Net of tax amount (306 ) (373 ) (340 ) Accretion of unrealized holding losses on securities transferred from available-for-sale to held- to-maturity (2) 9 9 5 Tax effect (3 ) (3 ) (2 ) Net of tax amount 6 6 3 Fair value adjustment on derivatives 918 (194 ) (348 ) Tax effect (312 ) 172 12 Net of tax amount 606 (22 ) (336 ) Total other comprehensive income 125 1,016 726 Total comprehensive income $ 5,942 $ 13,166 $ 5,394 (1) (2)
Schedule of condensed statements of cash flows	Condensed Statements of Cash Flows Year Ended September 30, 2017 2016 2015 (In thousands) Cash Flows from Operating Activities Net income $ 5,817 $ 12,150 $ 4,668 Undistributed net income of subsidiaries (6,792 ) (12,334 ) (4,722 ) Deferred income taxes, net - - 84 ESOP shares committed to be released 311 242 195 Stock based compensation 110 - - Amortization of subordinated debt issuance cost 39 - - (Increase) decrease in other assets (620 ) (2,629 ) 239 Increase (decrease) in other liabilities 196 18 (27 ) Net Cash (Used in) Provided by Operating Activities (939 ) (2,553 ) 437 Cash Flows from Investing Activities Proceeds from maturities and principal collection on - 287 511 Calls, sales of investment securities - - 1,812 Loan originations and principal collections, net 140 133 127 Net Cash Provided by Investing Activities 140 420 2,450 Cash Flows from Financing Activities Net proceeds from issuance of subordinated debt 24,264 - - Capitalization from Bancorp to Malvern Federal Savings Bank (24,500 ) - - Proceeds from other borrowings 10,000 - - Repayment of borrowings (5,000 ) - - Net Cash Provided by Financing Activities 4,764 - - Net (Decrease) Increase in Cash and Cash Equivalents 3,965 (2,133 ) 2,887 Cash and Cash Equivalents - Beginning 3,192 5,325 2,438 Cash and Cash Equivalents - Ending $ 7,157 $ 3,192 $ 5,325 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, 2017
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, 2017 and 2016. 2017 4 th Quarter 3 rd Quarter 2 nd Quarter 1 st Quarter (Dollars in thousands, except per share data) Total Interest and Dividend Income 9,529 $ 8,973 $ 8,175 $ 7,105 Total Interest Expense 2,822 2,574 2,184 1,866 Net Interest Income 6,707 6,399 5,991 5,239 Provision for Loan Losses 489 645 997 660 Total Other Income 532 814 542 453 Total Other Expenses 3,813 3,986 3,778 3,570 Income before income tax expense 2,937 2,582 1,758 1,462 Income tax expense 982 863 588 489 Net Income $ 1,955 $ 1,719 $ 1,170 $ 973 Earnings Per Common Share: Basic $ 0.30 $ 0.27 $ 0.18 $ 0.15 Diluted $ 0.30 $ 0.27 $ 0.18 0.15 Weighted Average Common Shares Outstanding Basic 6,441,731 6,443,515 6,427,309 6,418,583 Diluted 6,445,151 6,445,288 6,427,932 6,419,012 2016 4 th Quarter 3 rd Quarter 2 nd Quarter 1 st Quarter (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

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, 2017USD ($)$ / sharesshares	Jun. 30, 2017USD ($)	Mar. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Sep. 30, 2016USD ($)$ / sharesshares	Jun. 30, 2016USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Sep. 30, 2008USD ($)shares	Sep. 30, 2017USD ($)Number$ / sharesshares	Sep. 30, 2016USD ($)$ / sharesshares	Sep. 30, 2015USD ($)shares	May 19, 2008USD ($)shares
Common stock, par value (in dollars per share) | $ / shares			$ 0.01				$ 0.01					$ 0.01	$ 0.01
Common stock, shares outstanding | shares			6,572,684				6,560,403					6,572,684	6,560,403	6,558,473
Employee Stock Ownership Plan (ESOP), amount borrowed											$ 2,600
Employee Stock Ownership Plan (ESOP), shares purchased | shares			7,000				5,000				241,178	7,000	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			$ 1,046,012				$ 821,272					$ 1,046,012	$ 821,272
Net income (loss)			1,955	$ 1,719	$ 1,170	$ 973	7,951	$ 1,589	$ 1,266	$ 1,344		5,817	12,150	$ 4,668
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
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%.
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.
Strategic Asset Management Group Inc [Member]
Assets			$ 57				$ 62					57	62
Net income (loss)												$ (4)	$ (6)	$ 2
Number of full service financial center | Number												8

Summary of Significant Accoun48

Summary of Significant Accounting Policies (Detail Narrative) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2015
Property and equipment, depreciation method	straight-line and accelerated methods
Expenses of matching contribution related to the plan	$ 115	$ 90	$ 64
Accrued amount for the plans included in other liabilities	1,100	1,100
Distributions made during the period	25	4
Expense/(benefit) associated with the plans	30	11	(24)
Advertising	$ 216	$ 131	$ 239
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, 2017	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Amount of net repurchases	$ 135	$ 659	$ 1,262
Cash and cash equivalents	117,136	96,762	40,263	$ 19,187
Dividends received or recognized	257	250	$ 311
Federal Home Loan Bank of Philadelphia [Member]
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Amount of net repurchases	$ 135	$ 659
Number of FHLB shares	54,787	53,441
Cash and cash equivalents	$ 0	$ 4,800

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2015
Earnings Per Common Share:
Net Income	$ 1,955	$ 1,719	$ 1,170	$ 973	$ 7,951	$ 1,589	$ 1,266	$ 1,344	$ 5,817	$ 12,150	$ 4,668
Weighted average shares outstanding									6,567,788	6,560,012	6,558,473
Average unearned ESOP shares									(136,343)	(150,747)	(165,143)
Basic weighted average shares outstanding	6,441,731	6,443,515	6,427,309	6,418,583	6,415,049	6,411,766	6,408,167	6,402,332	6,431,445	6,409,265	6,393,330
Plus: effect of dilutive options and restricted stock									692	60
Diluted weighted average common shares outstanding	6,445,151	6,445,288	6,427,932	6,419,012	6,415,207	6,411,804	6,408,167		6,432,137	6,409,325
Earnings per share:
Basic	$ 0.3	$ 0.27	$ 0.18	$ 0.15	$ 1.24	$ 0.25	$ 0.2	$ 0.21	$ 0.90	$ 1.90	$ 0.73
Diluted	$ 0.3	$ 0.27	$ 0.18	$ 0.15	$ 1.24	$ 0.25	$ 0.2		$ 0.90	$ 1.90

Earnings Per Share (Details Nar

Earnings Per Share (Details Narrative) - shares	12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2008
Earnings Per Share Details Narrative
Stock options	7,000	5,000	241,178
Restricted shares issued	12,522	1,930

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, 2017	Sep. 30, 2016	Sep. 30, 2015
Employee Stock Ownership Plan (ESOP), Shares in ESOP [Abstract]
Employee Stock Ownership Plan (ESOP), shares purchased	241,178	7,000	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		14,000	14,400	14,400
Number of unallocated shares		129,165
Number of allocated shares held by the ESOP		130,053
Aggregate fair value of shares held by the ESOP		$ 3,500

Investment Securities (Details)

Investment Securities (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Investment Securities Available-for-Sale:
Amortized Cost	$ 14,869	$ 65,940
Gross Unrealized Gains	39	904
Gross Unrealized Losses	(321)	(457)
Fair value	14,587	66,387
Investment Securities Held-to-Maturity:
Amortized Cost	34,915	40,551
Gross Unrealized Gains	116	362
Gross Unrealized Losses	(465)	(96)
Fair Value	34,566	40,817
Total investment securities Amortized Cost	49,784	106,491
Total investment securities Gross Unrealized Gains	155	1,266
Total investment securities Gross Unrealized Losses	(786)	(553)
Total investment securities Fair Value	49,153	107,204
U S Government Agencies [Member]
Investment Securities Held-to-Maturity:
Amortized Cost	1,999	2,999
Gross Unrealized Gains		16
Gross Unrealized Losses	(8)
Fair Value	1,991	3,015
State And Municipal Obligations [Member]
Investment Securities Available-for-Sale:
Amortized Cost	6,992	24,751
Gross Unrealized Gains	39	557
Gross Unrealized Losses	(2)	(1)
Fair value	7,029	25,307
Investment Securities Held-to-Maturity:
Amortized Cost	9,574	9,826
Gross Unrealized Gains	89	167
Gross Unrealized Losses		(1)
Fair Value	9,663	9,992
Single Issuer Trust Preferred Security [Member]
Investment Securities Available-for-Sale:
Amortized Cost	1,000	1,000
Gross Unrealized Gains
Gross Unrealized Losses	(66)	(122)
Fair value	934	878
Corporate Debt Securities [Member]
Investment Securities Available-for-Sale:
Amortized Cost	6,627	40,189
Gross Unrealized Gains		347
Gross Unrealized Losses	(253)	(334)
Fair value	6,374	40,202
Investment Securities Held-to-Maturity:
Amortized Cost	3,818	3,916
Gross Unrealized Gains	26	77
Gross Unrealized Losses
Fair Value	3,844	3,993
Collateralized Mortgage Obligations [Member] | Fixed Rate [Member]
Investment Securities Held-to-Maturity:
Amortized Cost	19,524	23,810
Gross Unrealized Gains	1	102
Gross Unrealized Losses	(457)	(95)
Fair Value	19,068	$ 23,817
Mutual Fund [Member]
Investment Securities Available-for-Sale:
Amortized Cost	250
Gross Unrealized Gains
Gross Unrealized Losses
Fair value	$ 250

Investment Securities (Details

Investment Securities (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Investment Securities Available-for-Sale:
Less than 12 Months: Fair Value		$ 1,485
Less than 12 Months: Unrealized Losses		(10)
12 Months or longer: Fair Value	7,809	11,492
12 Months or longer: Unrealized Losses	(321)	(447)
Total: Fair Value	7,809	12,977
Total: Unrealized Losses	(321)	(457)
Investment Securities Held-to-Maturity:
Less than 12 Months: Fair Value		5,535
Less than 12 Months: Unrealized Losses		(18)
12 Months or longer: Fair Value	20,893	6,283
12 Months or longer: Unrealized Losses	(465)	(78)
Total: Fair Value	20,893	11,818
Total: Unrealized Losses	(465)	(96)
Total investment securities in an unrealized loss position less than 12 months fair value		7,020
Total investment securities in an unrealized loss position less than 12 months gross unrealized loss		(28)
Total investment securities in an unrealized loss position 12 months or more fair value	28,702	17,775
Total investment securities in an unrealized loss position 12 months or more gross unrealized loss	(786)	(525)
Total investment securities in an unrealized loss position fair value	28,702	24,795
Total investment securities in an unrealized loss position gross unrealized loss	(786)	(553)
State And Municipal Obligations [Member]
Investment Securities Available-for-Sale:
Less than 12 Months: Fair Value		501
Less than 12 Months: Unrealized Losses		(1)
12 Months or longer: Fair Value	500
12 Months or longer: Unrealized Losses	(2)
Total: Fair Value	500	501
Total: Unrealized Losses	(2)	(1)
Investment Securities Held-to-Maturity:
Less than 12 Months: Fair Value		1,193
Less than 12 Months: Unrealized Losses		(1)
12 Months or longer: Fair Value
12 Months or longer: Unrealized Losses
Total: Fair Value		1,193
Total: Unrealized Losses		(1)
Single Issuer Trust Preferred Security [Member]
Investment Securities Available-for-Sale:
Less than 12 Months: Fair Value
Less than 12 Months: Unrealized Losses
12 Months or longer: Fair Value	934	878
12 Months or longer: Unrealized Losses	(66)	(122)
Total: Fair Value	934	878
Total: Unrealized Losses	(66)	(122)
Corporate Debt Securities [Member]
Investment Securities Available-for-Sale:
Less than 12 Months: Fair Value		984
Less than 12 Months: Unrealized Losses		(9)
12 Months or longer: Fair Value	6,375	10,614
12 Months or longer: Unrealized Losses	(253)	(325)
Total: Fair Value	6,375	11,598
Total: Unrealized Losses	(253)	(334)
Collateralized Mortgage Obligations [Member] | Fixed Rate [Member]
Investment Securities Held-to-Maturity:
Less than 12 Months: Fair Value		4,342
Less than 12 Months: Unrealized Losses		(17)
12 Months or longer: Fair Value	18,902	6,283
12 Months or longer: Unrealized Losses	(457)	(78)
Total: Fair Value	18,902	10,625
Total: Unrealized Losses	(457)	$ (95)
U S Government Agencies [Member]
Investment Securities Held-to-Maturity:
Less than 12 Months: Fair Value
Less than 12 Months: Unrealized Losses
12 Months or longer: Fair Value	1,991
12 Months or longer: Unrealized Losses	(8)
Total: Fair Value	1,991
Total: Unrealized Losses	$ (8)

Investment Securities (Detail55

Investment Securities (Details 2) - USD ($) $ in Thousands	Sep. 30, 2017	Sep. 30, 2016
Available for Sale, Amortized Cost:
Due in one year or less
Due after one year through five years	2,831
Due after five years through ten years	10,583
Due after ten years	1,455
Available-for-sale Securities, Amortized Cost Basis, Total	14,869	$ 65,940
Available for Sale, Fair Value:
Due in one year or less
Due after one year through five years	2,842
Due after five years through ten years	10,356
Due after ten years	1,389
Available-for-sale Securities, Fair value, Total	14,587	66,387
Held-to-Maturity, Amortized Cost:
Due after one year through five years	1,999
Due after five years through ten years	5,817
Due after ten years	27,099
Held-to-maturity Securities, Amortized Cost, Total	34,915	40,551
Held-to-Maturity, Fair Value:
Due after one year through five years	1,991
Due after five years through ten years	5,900
Due after ten years	26,675
Held-to-maturity Securities, Fair Value, Total	34,566	$ 40,817
Total Investment Securities, Amortized Cost	49,784
Total Investment Securities, Fair Value	$ 49,153

Investment Securities (Detail56

Investment Securities (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2015
Investments, Debt and Equity Securities [Abstract]
Fair value of available for sale securities trasferred			$ 57,500
Net unrealized loss on available for sale securities tranferred			115
Proceeds from sale of securities available for sale	$ 51,100	$ 62,800	70,400
Available-for-sale securities, gross realized gains	464	595	610
Available-for-sale securities, gross realized losses	1	30	$ 95
Fair value of available for sale securities trasferred	9,600	$ 552
Fair value of available for sale securities short-term borrowings trasferred	$ 6,200

Loans Receivable and Related 57

Loans Receivable and Related Allowance for Loan Losses (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Financing Receivable, Impaired [Line Items]
Total loans	$ 842,146	$ 578,386	$ 394,198
Deferred loan fees and cost, net	(590)	1,208
Allowance for loan losses	(8,405)	(5,434)	(4,667)	$ (4,589)
Total loans receivable, net	834,331	574,160
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Total loans	192,500	209,186	214,958
Allowance for loan losses	(1,004)	(1,201)	(1,486)	(1,672)
Construction and Development - Residential and Commercial Receivables [Member]
Financing Receivable, Impaired [Line Items]
Total loans	35,622	18,579	5,677
Allowance for loan losses	(523)	(199)	(30)	(291)
Construction And Development - Land Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	18,377	10,013	2,142
Allowance for loan losses	(132)	(97)	(35)	(3)
Construction And Development Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	53,999	28,592
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Total loans	437,760	231,439	87,686
Allowance for loan losses	(3,581)	(1,874)	(1,235)	(1,248)
Total loans receivable, net	1,300
Commercial Multi Family Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	39,768	19,515	7,444
Allowance for loan losses	(224)	(109)	(104)	(29)
Commercial - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	74,837	38,779	13,380
Allowance for loan losses	(541)	(158)	(108)	(50)
Commercial [Member]
Financing Receivable, Impaired [Line Items]
Total loans	554,088	289,733
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Total loans	16,509	19,757	22,919
Allowance for loan losses	(90)	(116)	(139)	(168)
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	22,480	29,204	37,633
Allowance for loan losses	(402)	(467)	(761)	(1,033)
Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	2,570	1,914	2,359
Allowance for loan losses	(27)	(34)	$ (24)	$ (23)
Consumer Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	41,559	50,875
Commercial Farmland [Member]
Financing Receivable, Impaired [Line Items]
Total loans	1,723
Allowance for loan losses	$ (9)

Loans Receivable and Related 58

Loans Receivable and Related Allowance for Loan Losses (Details 1) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2015
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, Beginning Balance				$ 5,434				$ 4,667	$ 5,434	$ 4,667	$ 4,589
Charge-offs									(223)	(560)	(221)
Recoveries									403	380	209
Provision	$ 489	$ 645	$ 997	660	$ 100	$ 472	$ 375		2,791	947	90
Allowance for loan losses, Ending Balance	8,405				5,434				8,405	5,434	4,667
Allowance for loan losses: Ending balance: individually evaluated for impairment	237				23				237	23
Allowance for loan losses: Ending balance: collectively evaluated for impairment	8,168				5,411				8,168	5,411	4,667
Loans receivable	842,146				578,386				842,146	578,386	394,198
Loans receivable: Ending balance: individually evaluated for impairment	3,520				3,658				3,520	3,658	2,490
Loans Receivable: Ending balance: collectively evaluated for impairment	838,626				574,728				838,626	574,728	391,708
Residential Mortgage [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, Beginning Balance				1,201				1,486	1,201	1,486	1,672
Charge-offs										(9)
Recoveries									2	17	17
Provision									(199)	(293)	(203)
Allowance for loan losses, Ending Balance	1,004				1,201				1,004	1,201	1,486
Allowance for loan losses: Ending balance: individually evaluated for impairment
Allowance for loan losses: Ending balance: collectively evaluated for impairment	1,004				1,201				1,004	1,201	1,486
Loans receivable	192,500				209,186				192,500	209,186	214,958
Loans receivable: Ending balance: individually evaluated for impairment	2,262				1,159				2,262	1,159	599
Loans Receivable: Ending balance: collectively evaluated for impairment	190,238				208,027				190,238	208,027	214,359
Construction and Development - Residential and Commercial Receivables [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, Beginning Balance				199				30	199	30	291
Charge-offs										(91)	(1)
Recoveries									90	243	98
Provision									234	17	(358)
Allowance for loan losses, Ending Balance	523				199				523	199	30
Allowance for loan losses: Ending balance: individually evaluated for impairment
Allowance for loan losses: Ending balance: collectively evaluated for impairment	523				199				523	199	30
Loans receivable	35,622				18,579				35,622	18,579	5,677
Loans receivable: Ending balance: individually evaluated for impairment					109					109	121
Loans Receivable: Ending balance: collectively evaluated for impairment	35,622				18,470				35,622	18,470	5,556
Construction and Development - Land Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, Beginning Balance				97				35	97	35	3
Charge-offs
Recoveries
Provision									35	62	22
Allowance for loan losses, Ending Balance	132				97				132	97	35
Allowance for loan losses: Ending balance: individually evaluated for impairment
Allowance for loan losses: Ending balance: collectively evaluated for impairment	132				97				132	97	35
Loans receivable	18,377				10,013				18,377	10,013	2,142
Loans receivable: Ending balance: individually evaluated for impairment	94								94
Loans Receivable: Ending balance: collectively evaluated for impairment	18,283				10,013				18,283	10,013	2,142
Commercial Real Estate [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, Beginning Balance				1,874				1,235	1,874	1,235	1,248
Charge-offs										(99)	(48)
Recoveries									40	3	9
Provision									1,667	735	26
Allowance for loan losses, Ending Balance	3,581				1,874				3,581	1,874	1,235
Allowance for loan losses: Ending balance: individually evaluated for impairment
Allowance for loan losses: Ending balance: collectively evaluated for impairment	3,581				1,874				3,581	1,874	1,235
Loans receivable	437,760				231,439				437,760	231,439	87,686
Loans receivable: Ending balance: individually evaluated for impairment	555				2,039				555	2,039	1,571
Loans Receivable: Ending balance: collectively evaluated for impairment	437,205				229,400				437,205	229,400	86,115
Commercial Multi Family Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, Beginning Balance				109				104	109	104	29
Charge-offs
Recoveries
Provision									115	5	75
Allowance for loan losses, Ending Balance	224				109				224	109	104
Allowance for loan losses: Ending balance: individually evaluated for impairment
Allowance for loan losses: Ending balance: collectively evaluated for impairment	224				109				224	109	104
Loans receivable	39,768				19,515				39,768	19,515	7,444
Loans receivable: Ending balance: individually evaluated for impairment
Loans Receivable: Ending balance: collectively evaluated for impairment	39,768				19,515				39,768	19,515	7,444
Commercial - Other Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, Beginning Balance				158				108	158	108	50
Charge-offs
Recoveries									9	3	3
Provision									374	47	55
Allowance for loan losses, Ending Balance	541				158				541	158	108
Allowance for loan losses: Ending balance: individually evaluated for impairment	109								109
Allowance for loan losses: Ending balance: collectively evaluated for impairment	432				158				432	158	108
Loans receivable	74,837				38,779				74,837	38,779	13,380
Loans receivable: Ending balance: individually evaluated for impairment	243								243
Loans Receivable: Ending balance: collectively evaluated for impairment	74,594				38,779				74,594	38,779	13,380
Consumer - Home Equity Lines of Credit [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, Beginning Balance				116				139	116	139	168
Charge-offs
Recoveries									18	1	2
Provision									(44)	(24)	(31)
Allowance for loan losses, Ending Balance	90				116				90	116	139
Allowance for loan losses: Ending balance: individually evaluated for impairment
Allowance for loan losses: Ending balance: collectively evaluated for impairment	90				116				90	116	139
Loans receivable	16,509				19,757				16,509	19,757	22,919
Loans receivable: Ending balance: individually evaluated for impairment	10				74				10	74	20
Loans Receivable: Ending balance: collectively evaluated for impairment	16,499				19,683				16,499	19,683	22,899
Consumer - Second Mortgages Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, Beginning Balance				467				761	467	761	1,033
Charge-offs									(218)	(291)	(138)
Recoveries									232	100	69
Provision									(79)	(103)	(203)
Allowance for loan losses, Ending Balance	402				467				402	467	761
Allowance for loan losses: Ending balance: individually evaluated for impairment	128				23				128	23
Allowance for loan losses: Ending balance: collectively evaluated for impairment	274				444				274	444	761
Loans receivable	22,480				29,204				22,480	29,204	37,633
Loans receivable: Ending balance: individually evaluated for impairment	356				277				356	277	179
Loans Receivable: Ending balance: collectively evaluated for impairment	22,124				28,927				22,124	28,927	37,454
Consumer - Other Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, Beginning Balance				34				24	34	24	23
Charge-offs									(5)	(70)	(34)
Recoveries									12	13	11
Provision									(14)	67	24
Allowance for loan losses, Ending Balance	27				34				27	34	24
Allowance for loan losses: Ending balance: individually evaluated for impairment
Allowance for loan losses: Ending balance: collectively evaluated for impairment	27				34				27	34	24
Loans receivable	2,570				1,914				2,570	1,914	2,359
Loans receivable: Ending balance: individually evaluated for impairment
Loans Receivable: Ending balance: collectively evaluated for impairment	2,570				1,914				2,570	1,914	2,359
Unallocated [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, Beginning Balance				1,179				$ 745	1,179	745	62
Charge-offs
Recoveries
Provision									693	434	683
Allowance for loan losses, Ending Balance	1,872				1,179				1,872	1,179	745
Allowance for loan losses: Ending balance: individually evaluated for impairment
Allowance for loan losses: Ending balance: collectively evaluated for impairment	1,872				1,179				1,872	1,179	$ 745
Commercial Farmland [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, Beginning Balance
Charge-offs
Recoveries
Provision									9
Allowance for loan losses, Ending Balance	9								9
Allowance for loan losses: Ending balance: individually evaluated for impairment
Allowance for loan losses: Ending balance: collectively evaluated for impairment	9								9
Loans receivable	1,723								1,723
Loans receivable: Ending balance: individually evaluated for impairment
Loans Receivable: Ending balance: collectively evaluated for impairment	$ 1,723								$ 1,723

Loans Receivable and Related 59

Loans Receivable and Related Allowance for Loan Losses (Details 2) - USD ($) $ in Thousands	Sep. 30, 2017	Sep. 30, 2016
Financing Receivable, Impaired [Line Items]
Impaired Loans With Specific Allowance, Recorded Investment	$ 374	$ 31
Impaired Loans With Specific Allowance, Related Allowance	237	23
Impaired Loans With No Specific Allowance, Recorded Investment	3,146	3,627
Total Impaired Loans Recorded Investment	3,520	3,658
Total Impaired Loans Unpaid Principal Balance	3,667	3,914
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans With Specific Allowance, Recorded Investment
Impaired Loans With Specific Allowance, Related Allowance
Impaired Loans With No Specific Allowance, Recorded Investment	2,262	1,159
Total Impaired Loans Recorded Investment	2,262	1,159
Total Impaired Loans Unpaid Principal Balance	2,379	1,225
Construction and Development - Residential and Commercial Receivables [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans With Specific Allowance, Recorded Investment
Impaired Loans With Specific Allowance, Related Allowance
Impaired Loans With No Specific Allowance, Recorded Investment		109
Total Impaired Loans Recorded Investment		109
Total Impaired Loans Unpaid Principal Balance		109
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans With Specific Allowance, Recorded Investment
Impaired Loans With Specific Allowance, Related Allowance
Impaired Loans With No Specific Allowance, Recorded Investment	555	2,039
Total Impaired Loans Recorded Investment	555	2,039
Total Impaired Loans Unpaid Principal Balance	555	2,039
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans With Specific Allowance, Recorded Investment
Impaired Loans With Specific Allowance, Related Allowance
Impaired Loans With No Specific Allowance, Recorded Investment	10	74
Total Impaired Loans Recorded Investment	10	74
Total Impaired Loans Unpaid Principal Balance	11	90
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans With Specific Allowance, Recorded Investment	131	31
Impaired Loans With Specific Allowance, Related Allowance	128	23
Impaired Loans With No Specific Allowance, Recorded Investment	225	246
Total Impaired Loans Recorded Investment	356	277
Total Impaired Loans Unpaid Principal Balance	385	$ 451
Construction And Development - Land 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	94
Total Impaired Loans Recorded Investment	94
Total Impaired Loans Unpaid Principal Balance	94
Commercial - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans With Specific Allowance, Recorded Investment	243
Impaired Loans With Specific Allowance, Related Allowance	109
Impaired Loans With No Specific Allowance, Recorded Investment
Total Impaired Loans Recorded Investment	243
Total Impaired Loans Unpaid Principal Balance	$ 243

Loans Receivable and Related 60

Loans Receivable and Related Allowance for Loan Losses (Details 3) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2015
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	$ 3,503	$ 2,741	$ 2,463
Interest Income Recognized on Impaired Loans	80	73	21
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	2,076	707	729
Interest Income Recognized on Impaired Loans	52
Construction and Development - Residential and Commercial Receivables [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	80	150	144
Interest Income Recognized on Impaired Loans	4	4	5
Construction And Development - Land Receivable [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	24
Interest Income Recognized on Impaired Loans	1
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	932	1,646	690
Interest Income Recognized on Impaired Loans	18	69	4
Commercial - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	144		340
Interest Income Recognized on Impaired Loans	2		12
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	38	24	23
Interest Income Recognized on Impaired Loans
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	209	214	537
Interest Income Recognized on Impaired Loans	$ 3

Loans Receivable and Related 61

Loans Receivable and Related Allowance for Loan Losses (Details 4) - USD ($) $ in Thousands	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2015
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	$ 842,146	$ 578,386	$ 394,198
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	192,500	209,186	214,958
Construction and Development - Residential and Commercial Receivables [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	35,622	18,579	5,677
Construction And Development - Land Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	18,377	10,013	2,142
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	437,760	231,439	87,686
Commercial Multi Family Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	39,768	19,515	7,444
Commercial - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	74,837	38,779	13,380
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	16,509	19,757	22,919
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	22,480	29,204	37,633
Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	2,570	1,914	$ 2,359
Commercial Farmland [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	1,723
Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	825,731	564,586
Pass [Member] | Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	189,925	207,880
Pass [Member] | Construction and Development - Residential and Commercial Receivables [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	35,622	18,470
Pass [Member] | Construction And Development - Land Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	13,207	10,013
Pass [Member] | Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	431,336	221,742
Pass [Member] | Commercial Multi Family Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	39,410	19,303
Pass [Member] | Commercial - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	73,935	37,848
Pass [Member] | Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	16,399	19,584
Pass [Member] | Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	21,611	27,843
Pass [Member] | Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	2,563	1,903
Pass [Member] | Commercial Farmland [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	1,723
Special Mention [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	5,046	5,713
Special Mention [Member] | Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	114	122
Special Mention [Member] | Construction and Development - Residential and Commercial Receivables [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross
Special Mention [Member] | Construction And Development - Land Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross
Special Mention [Member] | Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	4,456	4,990
Special Mention [Member] | Commercial Multi Family Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	358	212
Special Mention [Member] | Commercial - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross		259
Special Mention [Member] | Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross
Special Mention [Member] | Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	112	119
Special Mention [Member] | Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	6	11
Special Mention [Member] | Commercial Farmland [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross
Substandard [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	11,369	8,087
Substandard [Member] | Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	2,461	1,184
Substandard [Member] | Construction and Development - Residential and Commercial Receivables [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross		109
Substandard [Member] | Construction And Development - Land Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	5,170
Substandard [Member] | Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	1,968	4,707
Substandard [Member] | Commercial Multi Family Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross
Substandard [Member] | Commercial - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	902	672
Substandard [Member] | Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	110	173
Substandard [Member] | Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	757	1,242
Substandard [Member] | Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	1
Substandard [Member] | Commercial Farmland [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross
Doubtful [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross
Doubtful [Member] | Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross
Doubtful [Member] | Construction and Development - Residential and Commercial Receivables [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross
Doubtful [Member] | Construction And Development - Land Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross
Doubtful [Member] | Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross
Doubtful [Member] | Commercial Multi Family Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross
Doubtful [Member] | Commercial - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross
Doubtful [Member] | Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross
Doubtful [Member] | Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross
Doubtful [Member] | Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross
Doubtful [Member] | Commercial Farmland [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross

Loans Receivable and Related 62

Loans Receivable and Related Allowance for Loan Losses (Details 5) - USD ($) $ in Thousands	Sep. 30, 2017	Sep. 30, 2016
Financing Receivable, Impaired [Line Items]
Total non-accrual loans	$ 1,038	$ 1,617
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Total non-accrual loans	826	1,072
Construction and Development - Residential and Commercial Receivables [Member]
Financing Receivable, Impaired [Line Items]
Total non-accrual loans
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Total non-accrual loans		193
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Total non-accrual loans	10	74
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total non-accrual loans	$ 202	$ 278

Loans Receivable and Related 63

Loans Receivable and Related Allowance for Loan Losses (Details 6) - USD ($) $ in Thousands	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2015
Financing Receivable, Impaired [Line Items]
Current	$ 836,269	$ 571,774
Past Due	5,877	6,612
Total Loans Receivable	842,146	578,386	$ 394,198
Accruing 90 Days or More Past Due	173	696
30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	2,803	2,740
60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	2,161	1,954
Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	913	1,918
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Current	189,272	204,816
Past Due	3,228	4,370
Total Loans Receivable	192,500	209,186	214,958
Accruing 90 Days or More Past Due	31	509
Residential Mortgage [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	1,442	1,750
Residential Mortgage [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	1,145	1,345
Residential Mortgage [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	641	1,275
Construction and Development - Residential and Commercial Receivables [Member]
Financing Receivable, Impaired [Line Items]
Current	35,622	18,579
Past Due
Total Loans Receivable	35,622	18,579	5,677
Accruing 90 Days or More Past Due
Construction and Development - Residential and Commercial Receivables [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due
Construction and Development - Residential and Commercial Receivables [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due
Construction and Development - Residential and Commercial Receivables [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due
Construction And Development - Land Receivable [Member]
Financing Receivable, Impaired [Line Items]
Current	18,377	10,013
Past Due
Total Loans Receivable	18,377	10,013	2,142
Accruing 90 Days or More Past Due
Construction And Development - Land Receivable [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due
Construction And Development - Land Receivable [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due
Construction And Development - Land Receivable [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Current	436,804	231,059
Past Due	956	380
Total Loans Receivable	437,760	231,439	87,686
Accruing 90 Days or More Past Due		187
Commercial Real Estate [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	160
Commercial Real Estate [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	796
Commercial Real Estate [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due		380
Commercial Multi Family Receivable [Member]
Financing Receivable, Impaired [Line Items]
Current	39,768	19,515
Past Due
Total Loans Receivable	39,768	19,515	7,444
Accruing 90 Days or More Past Due
Commercial Multi Family Receivable [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due
Commercial Multi Family Receivable [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due
Commercial Multi Family Receivable [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due
Commercial - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Current	74,837	38,433
Past Due		346
Total Loans Receivable	74,837	38,779	13,380
Accruing 90 Days or More Past Due
Commercial - Other Receivable [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due		346
Commercial - Other Receivable [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due
Commercial - Other Receivable [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Current	16,122	19,513
Past Due	387	244
Total Loans Receivable	16,509	19,757	22,919
Accruing 90 Days or More Past Due
Consumer - Home Equity Lines of Credit [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	350	170
Consumer - Home Equity Lines of Credit [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	37	43
Consumer - Home Equity Lines of Credit [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due		31
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Current	21,183	27,933
Past Due	1,297	1,271
Total Loans Receivable	22,480	29,204	37,633
Accruing 90 Days or More Past Due	141
Consumer - Second Mortgages Receivable [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	844	473
Consumer - Second Mortgages Receivable [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	182	566
Consumer - Second Mortgages Receivable [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	271	232
Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Current	2,561	1,913
Past Due	9	1
Total Loans Receivable	2,570	1,914	$ 2,359
Accruing 90 Days or More Past Due	1
Consumer - Other Receivable [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	7	1
Consumer - Other Receivable [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	1
Consumer - Other Receivable [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	1
Commercial Farmland [Member]
Financing Receivable, Impaired [Line Items]
Current	1,723
Past Due
Total Loans Receivable	1,723
Commercial Farmland [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due
Commercial Farmland [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due
Commercial Farmland [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due

Loans Receivable and Related 64

Loans Receivable and Related Allowance for Loan Losses (Details 7) $ in Thousands	12 Months Ended
	Sep. 30, 2017USD ($)Number	Sep. 30, 2016USD ($)Number
Total Troubled Debt Restructurings, Number of Loans | Number	12	7
Total Troubled Debt Restructurings, Recorded Investment | $	$ 2,260	$ 2,178
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Number of Loans | Number	1	1
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Recorded Investment | $	$ 22	$ 139
Residential Mortgage [Member]
Total Troubled Debt Restructurings, Number of Loans | Number	6	2
Total Troubled Debt Restructurings, Recorded Investment | $	$ 1,464	$ 224
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Number of Loans | Number		1
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Recorded Investment | $		$ 139
Construction and Development - Residential and Commercial Receivables [Member]
Total Troubled Debt Restructurings, Number of Loans | Number		1
Total Troubled Debt Restructurings, Recorded Investment | $		$ 109
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Number of Loans | Number
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Recorded Investment | $
Commercial Real Estate [Member]
Total Troubled Debt Restructurings, Number of Loans | Number	2	4
Total Troubled Debt Restructurings, Recorded Investment | $	$ 554	$ 1,845
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Number of Loans | Number
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Recorded Investment | $
Construction And Development - Land Receivable [Member]
Total Troubled Debt Restructurings, Number of Loans | Number	1
Total Troubled Debt Restructurings, Recorded Investment | $	$ 94
Consumer - Second Mortgages Receivable [Member]
Total Troubled Debt Restructurings, Number of Loans | Number	3
Total Troubled Debt Restructurings, Recorded Investment | $	$ 148
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Number of Loans | Number	1
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Recorded Investment | $	$ 22

Loans Receivable and Related 65

Loans Receivable and Related Allowance for Loan Losses (Details 8) - USD ($) $ in Thousands	Sep. 30, 2017	Sep. 30, 2016
Recorded Investment	$ 2,260	$ 2,178
Performing Financing Receivable [Member]
Recorded Investment	2,238	2,039
Nonperforming Financing Receivable [Member]
Recorded Investment	22	139
Residential Mortgage [Member]
Recorded Investment	1,464	224
Residential Mortgage [Member] | Performing Financing Receivable [Member]
Recorded Investment	1,464	85
Residential Mortgage [Member] | Nonperforming Financing Receivable [Member]
Recorded Investment		139
Construction and Development - Residential and Commercial Receivables [Member]
Recorded Investment		109
Construction and Development - Residential and Commercial Receivables [Member] | Performing Financing Receivable [Member]
Recorded Investment		109
Construction and Development - Residential and Commercial Receivables [Member] | Nonperforming Financing Receivable [Member]
Recorded Investment
Construction And Development - Land Receivable [Member]
Recorded Investment	94
Construction And Development - Land Receivable [Member] | Performing Financing Receivable [Member]
Recorded Investment	94
Construction And Development - Land Receivable [Member] | Nonperforming Financing Receivable [Member]
Recorded Investment
Commercial Real Estate [Member]
Recorded Investment	554	1,845
Commercial Real Estate [Member] | Performing Financing Receivable [Member]
Recorded Investment	554
Commercial Real Estate [Member] | Nonperforming Financing Receivable [Member]
Recorded Investment
Consumer - Second Mortgages Receivable [Member]
Recorded Investment	148
Consumer - Second Mortgages Receivable [Member] | Performing Financing Receivable [Member]
Recorded Investment	126	1,845
Consumer - Second Mortgages Receivable [Member] | Nonperforming Financing Receivable [Member]
Recorded Investment	$ 22

Loans Receivable and Related 66

Loans Receivable and Related Allowance for Loan Losses (Details 9) $ in Thousands	12 Months Ended
	Sep. 30, 2017USD ($)Number	Sep. 30, 2016USD ($)Number
Financing Receivable, Impaired [Line Items]
Number of loans | Number	7	3
Pre-Modifications Outstanding Recorded Investments	$ 1,389	$ 631
Post-Modifications Outstanding Recorded Investments	$ 1,389	$ 631
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Number of loans | Number	4	2
Pre-Modifications Outstanding Recorded Investments	$ 1,236	$ 245
Post-Modifications Outstanding Recorded Investments	$ 1,236	$ 245
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Number of loans | Number		1
Pre-Modifications Outstanding Recorded Investments		$ 386
Post-Modifications Outstanding Recorded Investments		$ 386
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Number of loans | Number	3
Pre-Modifications Outstanding Recorded Investments	$ 153
Post-Modifications Outstanding Recorded Investments	$ 153

Loans Receivable and Related 67

Loans Receivable and Related Allowance for Loan Losses (Details 10) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Loans and Leases Receivable, Related Parties [Roll Forward]
Balance at beginning of year	$ 7,992	$ 5,635
New loans	7,231	12,249
Repayments	(2,888)	(9,892)
Balance at end of year	$ 12,335	$ 7,992

Loans Receivable and Related 68

Loans Receivable and Related Allowance for Loan Losses (Details 11) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2015
Servicing Asset at Fair Value, Amount [Roll Forward]
Balance at beginning of year	$ 328	$ 401	$ 453
Amortization	(60)	(73)	(82)
Addition			30
Balance at end of year	$ 268	$ 328	$ 401

Loans Receivable and Related 69

Loans Receivable and Related Allowance for Loan Losses (Details Narrative) $ in Thousands	12 Months Ended
	Sep. 30, 2017USD ($)Number	Sep. 30, 2016USD ($)Number	Sep. 30, 2015USD ($)
Non accrual loans interest income	$ 32	$ 48	$ 84
Number of loans | Number	12	7
Recorded Investment	$ 2,260	$ 2,178
Loans receivable, net	834,331	574,160
Loans past due 90 days or more and still accruing interest	$ 173	$ 696
Mortgage Servicing Rights [Member]
Loan servicing rights, discount rate	11.00%	12.00%
Servicing Asset	$ 36,100	$ 45,400	54,100
Performing Financing Receivable [Member]
Recorded Investment	2,238	2,039
Nonperforming Financing Receivable [Member]
Recorded Investment	$ 22	$ 139
Commercial Real Estate [Member]
Number of loans | Number	2	4
Recorded Investment	$ 554	$ 1,845
Number of loans sold | Number	2
Loans receivable, net	$ 1,300
Loans past due 90 days or more and still accruing interest		187
Commercial Real Estate [Member] | Performing Financing Receivable [Member]
Recorded Investment	554
Commercial Real Estate [Member] | Nonperforming Financing Receivable [Member]
Recorded Investment
Residential Mortgage [Member]
Number of loans | Number	6	2
Recorded Investment	$ 1,464	$ 224
Loans past due 90 days or more and still accruing interest	31	509
Residential Mortgage [Member] | Fixed Rate [Member]
Sale of loan servicing rights at fair value	9,300	6,400	4,100
Gain on sale of loans, net	154	116	$ 102
Residential Mortgage [Member] | Performing Financing Receivable [Member]
Recorded Investment	$ 1,464	85
Number of loans sold | Number	4
Loans receivable, net	$ 1,200
Residential Mortgage [Member] | Nonperforming Financing Receivable [Member]
Recorded Investment		139
Consumer - Second Mortgages Receivable [Member]
Number of loans | Number	3
Recorded Investment	$ 148
Loans past due 90 days or more and still accruing interest	141
Consumer - Second Mortgages Receivable [Member] | Performing Financing Receivable [Member]
Recorded Investment	$ 126	1,845
Number of loans sold | Number	2
Loans receivable, net	$ 126
Consumer - Second Mortgages Receivable [Member] | Nonperforming Financing Receivable [Member]
Recorded Investment	$ 22
Construction and Development - Residential and Commercial Receivables [Member]
Number of loans | Number		1
Recorded Investment		$ 109
Real estate through foreclosure	252	141
Loans past due 90 days or more and still accruing interest
Construction and Development - Residential and Commercial Receivables [Member] | Performing Financing Receivable [Member]
Recorded Investment		109
Construction and Development - Residential and Commercial Receivables [Member] | Nonperforming Financing Receivable [Member]
Recorded Investment

Property and Equipment (Details

Property and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 18,651	$ 17,055
Accumulated depreciation	(11,144)	(10,418)
Property and equipment, net	7,507	6,637
Land [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	711	711
Building and improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 12,465	11,400
Building and improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful life (years)	10 years
Building and improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful life (years)	39 years
Construction in process [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 109	222
Furniture, fixtures and equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 5,366	$ 4,722
Furniture, fixtures and equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful life (years)	3 years
Furniture, fixtures and equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful life (years)	7 years

Property and Equipment (Detai71

Property and Equipment (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2015
Property, Plant and Equipment [Abstract]
Depreciation	$ 724	$ 650	$ 646

Deposits (Details)

Deposits (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Sep. 30, 2016
Deposits:
Savings	$ 44,526	$ 44,714
Money market accounts	276,404	177,486
Interest bearing demand	155,579	95,041
Non-Interest bearing demand	42,121	34,547
Total deposits before certificate accounts	518,630	351,788
Certificates of deposit	271,766	250,258
Total Deposits	$ 790,396	$ 602,046
Percentage of savings	5.63%	7.43%
Percentage of money market accounts	34.97%	29.48%
Percentage of interest bearing demand	19.69%	15.78%
Percentage of non-interest bearing demand	5.33%	5.74%
Percentage of total deposits before certificate	65.62%	58.43%
Percentage of certificate of deposit	34.38%	41.57%
Percentage of total deposits	100.00%	100.00%

Deposits (Details 1)

Deposits (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2015
Deposits:
Savings accounts	$ 37	$ 33	$ 29
Money market accounts	1,985	874	271
Interest bearing demand	353	139	83
Certificates of deposit	3,861	3,491	3,048
Total deposits	$ 6,236	$ 4,537	$ 3,431

Deposits (Details 2)

Deposits (Details 2) $ in Thousands	Sep. 30, 2017USD ($)
Deposits:
2,018	$ 184,337
2,019	30,678
2,020	18,506
2,021	16,934
2,022	3,248
Thereafter	18,063
Time deposits, total	$ 271,766

Deposits (Details Narrative)

Deposits (Details Narrative) - USD ($) $ in Thousands	Sep. 30, 2017	Sep. 30, 2016
Deposits:
Certificates of deposit of $250,000 and greater	$ 21,800	$ 13,700
Related party deposit liabilities	11,400	6,400
Brokered deposits	$ 103,700	$ 58,800

Borrowings (Details)

Borrowings (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Sep. 30, 2015
Long-Term Borrowings, Amount
2,017		$ 35,000
2,018	35,000
2,019	55,000	55,000
2,020	28,000	28,000
2,021
Total FHLB Advances	$ 118,000	$ 118,000
Long-Term Borrowings, Weighted Average Rate
2,017		0.22%
2,018	0.45%
2,019	1.62%	1.62%
2,020	2.82%	2.83%
2,021
Total FHLB Advances	1.51%	1.65%

Borrowings (Detail Narrative)

Borrowings (Detail Narrative) - Line of Credit [Member] - Federal Home Loan Bank of Pittsburgh [Member] - USD ($) $ in Thousands	Sep. 30, 2017	Sep. 30, 2016
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Maximum borrowing capacity of line of credit facility	$ 150,000	$ 127,800
Interest rate under line of credit facility	1.27%	0.46%
Outstanding long-term FHLB advances	$ 118,000
Potential FHLB advances available	230,100
Securities sold under agreements	$ 5,000
Interest rate under line of credit facility for repurchase	1.46%

Derivatives (Details)

Derivatives (Details) - Other Liabilities [Member] - Designated as Hedging Instrument [Member] - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Interest Rate Swap Due On August 3, 2020 [Member]
Notional Amount	$ 15,000	$ 15,000
Fair Value	$ 9	$ 394
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	$ 20,000
Fair Value	$ 367	$ 148
Expiration Date	Feb. 1, 2021	Feb. 1, 2021
Effective Date	Feb. 5, 2016	Feb. 5, 2016

Derivatives (Details 1)

Derivatives (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2017	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)	$ 293	$ (270)	$ 348
Amount of Gain (Loss) Reclassified from OCI to Interest Expense	(111)	(188)	$ (36)
Interest Rate Swap Due On February 1, 2021 [Member]
Derivative [Line Items]
Amount of Gain (Loss) Recognized in OCI (Effective Portion)	466	(231)
Amount of Gain (Loss) Reclassified from OCI to Interest Expense	$ (48)	$ (84)

Derivatives (Details Narrative)

Derivatives (Details Narrative) - Interest Rate Swap [Member] - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2015
Derivative [Line Items]
Estimated interest expense	$ 15
Interest expense	159	$ 272	$ 36
Derivatives net liability position	0	586
Derivatives minimum collateral posting thresholds	$ 0	$ 800

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Sep. 30, 2016
Assets
Investment securities available for sale, at fair value	$ 14,587	$ 66,387
State and municipal obligations [Member]
Assets
Investment securities available for sale, at fair value	7,029	25,307
Single Issuer Trust Preferred Security [Member]
Assets
Investment securities available for sale, at fair value	934	878
Corporate Debt Securities [Member]
Assets
Investment securities available for sale, at fair value	6,374	40,202
Mutual Funds [Member]
Assets
Investment securities available for sale, at fair value	250
Fair Value, Measurements, Recurring [Member]
Assets
Investment securities available for sale, at fair value	14,587	66,387
Liabilities
Derivative instruments	376	542
Fair Value, Measurements, Recurring [Member] | State and municipal obligations [Member]
Assets
Investment securities available for sale, at fair value	7,029	25,307
Fair Value, Measurements, Recurring [Member] | Single Issuer Trust Preferred Security [Member]
Assets
Investment securities available for sale, at fair value	934	878
Fair Value, Measurements, Recurring [Member] | Corporate Debt Securities [Member]
Assets
Investment securities available for sale, at fair value	6,374	40,202
Fair Value, Measurements, Recurring [Member] | Mutual Funds [Member]
Assets
Investment securities available for sale, at fair value	250
Fair Value, Inputs, Level 1 [Member]
Assets
Investment securities available for sale, at fair value
Liabilities
Derivative instruments
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member]
Assets
Investment securities available for sale, at fair value	0	0
Liabilities
Derivative instruments
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | State and municipal obligations [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] | Corporate Debt Securities [Member]
Assets
Investment securities available for sale, at fair value
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | Mutual Funds [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	14,337	66,387
Liabilities
Derivative instruments	24,303	542
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member]
Assets
Investment securities available for sale, at fair value	14,337	66,387
Liabilities
Derivative instruments	376	542
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | State and municipal obligations [Member]
Assets
Investment securities available for sale, at fair value	7,029	25,307
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	934	878
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Corporate Debt Securities [Member]
Assets
Investment securities available for sale, at fair value	6,374	40,202
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Mutual Funds [Member]
Assets
Investment securities available for sale, at fair value
Fair Value, Inputs, Level 3 [Member]
Assets
Investment securities available for sale, at fair value	250
Liabilities
Derivative instruments
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member]
Assets
Investment securities available for sale, at fair value	250
Liabilities
Derivative instruments
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | State and municipal obligations [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] | Corporate Debt Securities [Member]
Assets
Investment securities available for sale, at fair value
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Mutual Funds [Member]
Assets
Investment securities available for sale, at fair value	$ 250

Fair Value Measurements (Deta82

Fair Value Measurements (Details 1) - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Thousands	Sep. 30, 2017		Sep. 30, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value, nonrecurring basis	$ 137		$ 8
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value, nonrecurring basis
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value, nonrecurring basis
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value, nonrecurring basis	137		8
Impaired Loans Net [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value, nonrecurring basis	137	[1]	8	[2]
Impaired Loans Net [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value, nonrecurring basis		[1]		[2]
Impaired Loans Net [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value, nonrecurring basis		[1]		[2]
Impaired Loans Net [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value, nonrecurring basis	$ 137	[1]	$ 8	[2]
[1]	At September 30, 2017, consisted of five loans with an aggregate balance of $374,000 and with $237,000 in specific loan loss allowance.
[2]	At September 30, 2016, consisted of one loan with an aggregate balance of $31,000 and with $23,000 in specific loan loss allowance.

Fair Value Measurements (Deta83

Fair Value Measurements (Details 2) - USD ($) $ in Thousands	Sep. 30, 2017	Sep. 30, 2016
Financial assets:
Investment securities available-for-sale	$ 14,587	$ 66,387
Investment securities held-to-maturity, fair value	34,566	40,817
Carrying Amount [Member]
Financial assets:
Cash and cash equivalents	117,136	96,762
Investment securities available-for-sale	14,587	66,387
Investment securities held-to-maturity, fair value	34,915	40,551
Loans receivable, net (including impaired loans)	834,331	574,160
Accrued interest receivable	3,139	2,558
Restricted stock	5,559	5,424
Mortgage servicing rights (included in Other Assets)	268	328
Derivatives	376
Financial liabilities:
Savings accounts	44,526	44,714
Checking and NOW accounts	197,700	129,588
Money market accounts	276,404	177,486
Certificates of deposit	271,766	250,258
Borrowings(excluding sub debt)	123,000	118,000
Subordinated debt	24,303	542
Accrued interest payable	694	427
Fair Value [Member]
Financial assets:
Cash and cash equivalents	117,136	96,762
Investment securities available-for-sale	14,587	66,387
Investment securities held-to-maturity, fair value	34,566	40,817
Loans receivable, net (including impaired loans)	839,242	589,844
Accrued interest receivable	3,139	2,558
Restricted stock	5,559	5,424
Mortgage servicing rights (included in Other Assets)	271	308
Derivatives	376
Financial liabilities:
Savings accounts	44,526	44,714
Checking and NOW accounts	197,700	129,588
Money market accounts	276,404	177,486
Certificates of deposit	273,723	252,232
Borrowings(excluding sub debt)	123,658	119,946
Subordinated debt	24,303	542
Accrued interest payable	694	427
Fair Value, Inputs, Level 1 [Member]
Financial assets:
Cash and cash equivalents	117,136	96,762
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
Borrowings(excluding sub debt)
Subordinated debt
Accrued interest payable
Fair Value, Inputs, Level 2 [Member]
Financial assets:
Cash and cash equivalents
Investment securities available-for-sale	14,337	66,387
Investment securities held-to-maturity, fair value	34,566	40,817
Loans receivable, net (including impaired loans)
Accrued interest receivable	3,139	2,558
Restricted stock	5,559	5,424
Mortgage servicing rights (included in Other Assets)	271	308
Derivatives	376
Financial liabilities:
Savings accounts	44,526	44,714
Checking and NOW accounts	197,700	129,588
Money market accounts	276,404	177,486
Certificates of deposit	273,723	252,232
Borrowings(excluding sub debt)	123,658	119,946
Subordinated debt	24,303	542
Accrued interest payable	694	427
Fair Value, Inputs, Level 3 [Member]
Financial assets:
Cash and cash equivalents
Investment securities available-for-sale	250
Investment securities held-to-maturity, fair value
Loans receivable, net (including impaired loans)	839,242	589,844
Accrued interest receivable
Restricted stock
Mortgage servicing rights (included in Other Assets)
Derivatives
Financial liabilities:
Savings accounts
Checking and NOW accounts
Money market accounts
Certificates of deposit
Borrowings(excluding sub debt)
Subordinated debt
Accrued interest payable

Fair Value Measurements (Deta84

Fair Value Measurements (Details Narrative) - USD ($) $ in Thousands	Sep. 30, 2017	Sep. 30, 2016
Impaired Loans with aggregate balance	$ 374	$ 31
Impaired Loans with specific loan loss allowance	237	23
Investment securities available for sale, at fair value	14,587	66,387
Fair Value, Inputs, Level 1 [Member]
Investment securities available for sale, at fair value
Fair Value, Inputs, Level 3 [Member]
Investment securities available for sale, at fair value	250
Fair Value, Measurements, Recurring [Member]
Investment securities available for sale, at fair value	14,587	66,387
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Investment securities available for sale, at fair value	0	0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Investment securities available for sale, at fair value	$ 250

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Sep. 30, 2016
Deferred Tax Assets:
Allowance for loan losses	$ 4,279	$ 3,299
Non-accrual interest	16	56
Alternative minimum tax (AMT) credit carryover	526	287
Low-income housing tax credit carryover	217	217
Supplement Employer Retirement Plan	386	412
Charitable contributions		61
Depreciation	146	60
Federal net operating loss	935	4,344
Unrealized loss on investments available-for-sale	96
Other	388	651
Total Deferred Tax Assets	6,989	9,387
Valuation allowance for DTA		(61)
Total Deferred Tax Assets, Net of Valuation Allowance	6,989	9,326
Deferred Tax Liabilities:
Unrealized gain on investments available-for-sale		(152)
Mortgage servicing rights	(89)	(112)
Other	(229)	(235)
Total Deferred Tax Liabilities	(318)	(499)
Deferred Tax Assets, Net	$ 6,671	$ 8,827

Income Taxes (Details 1)

Income Taxes (Details 1) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2015
Federal:
Current									$ 404	$ 142	$ 65
Deferred									2,092	(6,316)	(1,035)
Federal income tax expense (benefit), Total									2,496	(6,174)	(970)
State, current									426
Total	$ 982	$ 863	$ 588	$ 489	$ (6,174)				$ 2,922	$ (6,174)	$ (970)

Income Taxes (Details 2)

Income Taxes (Details 2) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2015
Income Tax Disclosure [Abstract]
At federal statutory rate at 34%									$ 2,971	$ 2,032	$ 1,257
Adjustments resulting from:
State tax, net of federal benefit									281
Tax-exempt interest									(161)	(265)	(186)
Earnings on bank-owned life insurance									(172)	(176)	(231)
DTA valuation allowance										(8,007)	(2,031)
Other									3	242	221
Total	$ 982	$ 863	$ 588	$ 489	$ (6,174)				$ 2,922	$ (6,174)	$ (970)
Effective tax rate									33.40%	(103.30%)	(26.20%)

Income Taxes (Details Narrative

Income Taxes (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Income Tax Contingency [Line Items]
Operating loss carryforwards	$ 1,000
Federal net operating loss carryforwards expiration date	Sep. 30, 2031
Low income housing credit carryforwards	$ 217	$ 217
Low income housing credit carryforwards expiration dates	September 30, 2030 and 2031.
Statutory federal income tax rate	34.00%
Minimum [Member]
Income Tax Contingency [Line Items]
Statutory federal income tax rate	21.00%
Maximum [Member]
Income Tax Contingency [Line Items]
Statutory federal income tax rate	35.00%
Domestic Tax Authority [Member]
Income Tax Contingency [Line Items]
Operating loss carryforwards	$ 2,900

Leases (Details)

Leases (Details) $ in Thousands	Sep. 30, 2017USD ($)
Leases [Abstract]
2,018	$ 495
2,019	465
2,020	468
2,021	499
2,022	479
Thereafter	1,756
Total payments	$ 4,162

Leases (Details 1)

Leases (Details 1) $ in Thousands	Sep. 30, 2017USD ($)
Leases [Abstract]
2,018	$ 159
2,019	80
2,020	37
2,021	38
2,022	29
Total Payments Receivable	$ 343

Commitments and Contingencies91

Commitments and Contingencies (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Sep. 30, 2016
Supply Commitment [Line Items]
Commitments	$ 205,112	$ 207,415
Future loan commitments [Member]
Supply Commitment [Line Items]
Commitments	80,273	97,566
Undisbursed construction loans [Member]
Supply Commitment [Line Items]
Commitments	37,064	33,135
Undisbursed home equity lines of credit [Member]
Supply Commitment [Line Items]
Commitments	26,440	25,270
Undisbursed Commercial Lines Of Credit [Member]
Supply Commitment [Line Items]
Commitments	34,311	22,272
Undisbursed Commercial Unsecured Lines Of Credit [Member]
Supply Commitment [Line Items]
Commitments	21,035	26,395
Overdraft Protection Lines [Member]
Supply Commitment [Line Items]
Commitments	1,339	850
Standby Letters Of Credit [Member]
Supply Commitment [Line Items]
Commitments	$ 4,650	$ 1,927

Commitments and Contingencies92

Commitments and Contingencies (Details Narrative) - USD ($) $ in Thousands	Sep. 30, 2017	Sep. 30, 2016
Letter of Credit [Member]
Uncollateralized letters of credit	$ 4,700	$ 1,900

Regulatory Matters (Details)

Regulatory Matters (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Sep. 30, 2016	Jan. 02, 2016	Jan. 02, 2015
Total Capital (to risk-weighted assets): Actual Amount	$ 129,369	$ 92,092
Parent Company [Member]
Capital (to adjusted tangible assets): Actual Amount	100,779	91,876
Common equity Tier 1(to risk-weighted assets): Actual Amount	100,779	91,876
Tier 1 Capital (to risk-weighted assets): Actual Amount	100,779	91,876
Total Capital (to risk-weighted assets): Actual Amount	$ 133,549	$ 97,372
Capital (to adjusted tangible assets): Actual Ratio	10.00%	11.64%
Common equity Tier 1(to risk-weighted assets): Actual Ratio	12.28%	15.37%
Tier 1 Capital (to risk-weighted assets): Actual Ratio	12.28%	15.37%
Total Capital (to risk-weighted assets): Actual Ratio	16.27%	16.29%
Capital (to adjusted tangible assets): For Capital Adequacy Purposes Amount	$ 40,315	$ 31,561
Common equity Tier 1(to risk-weighted assets): For Capital Adequacy Purposes Amount	36,945	26,894
Tier 1 Capital (to risk-weighted assets): For Capital Adequacy Purposes Amount	49,260	35,859
Total Capital (to risk-weighted assets): For Capital Adequacy Purposes Amount	$ 65,679	$ 47,812
Capital (to adjusted tangible assets): For Capital Adequacy Purposes Ratio	4.00%	4.00%
Common equity Tier 1(to risk-weighted assets): For Capital Adequacy Purposes Ratio	4.50%	4.50%
Tier 1 Capital (to risk-weighted assets): For Capital Adequacy Purposes Ratio	6.00%	6.00%
Total Capital (to risk-weighted assets): For Capital Adequacy Purposes Ratio	8.00%	8.00%
Capital (to adjusted tangible assets): To be Well Capitalized under Prompt Corrective Action Provisions Capital Amount	$ 50,394	$ 39,452
Common equity Tier 1(to risk-weighted assets): To be Well Capitalized under Prompt Corrective Action Provisions Capital Amount	53,364	38,847
Tier 1 Capital (to risk-weighted assets): To be Well Capitalized under Prompt Corrective Action Provisions Capital Amount	65,679	47,812
Total Capital (to risk-weighted assets): To be Well Capitalized under Prompt Corrective Action Provisions Capital Amount	$ 82,099	$ 59,765
Capital (to adjusted tangible assets): To be Well Capitalized under Prompt Corrective Action Provisions Ratio	5.00%	5.00%
Common equity Tier 1(to risk-weighted assets): To be Well Capitalized under Prompt Corrective Action Provisions Ratio	6.50%	6.50%
Tier 1 Capital (to risk-weighted assets): To be Well Capitalized under Prompt Corrective Action Provisions Ratio	8.00%	8.00%
Total Capital (to risk-weighted assets): To be Well Capitalized under Prompt Corrective Action Provisions Ratio	10.00%	10.00%
Malvern Federal Savings Bank [Member]
Capital (to adjusted tangible assets): Actual Amount	$ 120,902	$ 86,596
Common equity Tier 1(to risk-weighted assets): Actual Amount	120,902	86,596
Tier 1 Capital (to risk-weighted assets): Actual Amount	120,902	86,596
Total Capital (to risk-weighted assets): Actual Amount	$ 129,369	$ 92,092
Capital (to adjusted tangible assets): Actual Ratio	12.02%	10.98%
Common equity Tier 1(to risk-weighted assets): Actual Ratio	14.75%	14.50%
Tier 1 Capital (to risk-weighted assets): Actual Ratio	14.75%	14.50%
Total Capital (to risk-weighted assets): Actual Ratio	15.78%	15.42%	10.50%
Capital (to adjusted tangible assets): For Capital Adequacy Purposes Amount	$ 40,234	$ 31,533
Common equity Tier 1(to risk-weighted assets): For Capital Adequacy Purposes Amount	36,894	26,875
Tier 1 Capital (to risk-weighted assets): For Capital Adequacy Purposes Amount	49,192	35,834
Total Capital (to risk-weighted assets): For Capital Adequacy Purposes Amount	$ 65,590	$ 47,779
Capital (to adjusted tangible assets): For Capital Adequacy Purposes Ratio	4.00%	4.00%
Common equity Tier 1(to risk-weighted assets): For Capital Adequacy Purposes Ratio	4.50%	4.50%	7.00%	4.00%
Tier 1 Capital (to risk-weighted assets): For Capital Adequacy Purposes Ratio	6.00%	6.00%	8.50%	6.00%
Total Capital (to risk-weighted assets): For Capital Adequacy Purposes Ratio	8.00%	8.00%
Capital (to adjusted tangible assets): To be Well Capitalized under Prompt Corrective Action Provisions Capital Amount	$ 50,292	$ 39,417
Common equity Tier 1(to risk-weighted assets): To be Well Capitalized under Prompt Corrective Action Provisions Capital Amount	53,292	38,820
Tier 1 Capital (to risk-weighted assets): To be Well Capitalized under Prompt Corrective Action Provisions Capital Amount	65,590	47,779
Total Capital (to risk-weighted assets): To be Well Capitalized under Prompt Corrective Action Provisions Capital Amount	$ 81,987	$ 59,723
Capital (to adjusted tangible assets): To be Well Capitalized under Prompt Corrective Action Provisions Ratio	5.00%	5.00%
Common equity Tier 1(to risk-weighted assets): To be Well Capitalized under Prompt Corrective Action Provisions Ratio	6.50%	6.50%
Tier 1 Capital (to risk-weighted assets): To be Well Capitalized under Prompt Corrective Action Provisions Ratio	8.00%	8.00%
Total Capital (to risk-weighted assets): To be Well Capitalized under Prompt Corrective Action Provisions Ratio	10.00%	10.00%

Regulatory Matters (Details 1)

Regulatory Matters (Details 1) - USD ($) $ in Thousands	Sep. 30, 2017	Sep. 30, 2016
Banking and Thrift [Abstract]
Bank GAAP equity	$ 122,643	$ 90,877
Disallowed portion of deferred tax asset	(1,679)	(4,344)
Net unrealized loss (gain) on securities available for sale, net of income taxes	186	(294)
Net unrealized loss (gain) on derivatives, net of income taxes	(248)	357
Tangible Capital, Core Capital and Tier 1 Capital	120,902	86,596
Allowance for loan losses	8,467	5,496
Total Risk-Based Capital	$ 129,369	$ 92,092

Regulatory Matters (Details Nar

Regulatory Matters (Details Narrative) - Malvern Federal Savings Bank [Member]	Sep. 30, 2017	Sep. 30, 2016	Jan. 02, 2016	Jan. 02, 2015
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Common equity Tier 1 capital ratio	4.50%	4.50%	7.00%	4.00%
Tier 1 capital ratio	6.00%	6.00%	8.50%	6.00%
Tier 1 Capital coservation buffer			2.50%
Total capital ratio	15.78%	15.42%	10.50%
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, 2017	Sep. 30, 2016	Sep. 30, 2015
Equity [Abstract]
Net unrealized holding gains (losses) on available-for-sale securities	$ (282)	$ 447	$ (1,011)
Tax effect	96	(152)	344
Net of tax amount	(186)	295	(667)
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	376	(542)	(348)
Tax effect	(128)	184	12
Net of tax amount	248	(358)	(336)
Total accumulated other comprehensive loss	$ 62	$ (63)	$ (1,079)

Comprehensive Income (Loss) (97

Comprehensive Income (Loss) (Details 1) - USD ($) $ in Thousands		12 Months Ended
		Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2015
Equity [Abstract]
Net unrealized holding gains (losses) on available-for-sale securities		$ (275)	$ 2,128	$ 2,120
Net realized gain on securities available-for-sale	[1]	(463)	(565)	(515)
Amortization of unrealized holding losses on securities available- for-sale transferred to held-to-maturity	[2]	9	9	5
Fair value adjustment on derivatives		918	(194)	(348)
Other comprehensive income before taxes		189	1,378	1,262
Tax effect		(64)	(362)	(536)
Total comprehensive income		$ 125	$ 1,016	$ 726
[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.

Equity Based Incentive Compen98

Equity Based Incentive Compensation Plan (Details) - Malvern Bancorp, Inc. 2014 Long Term Incentive Compensation Plan (the 2014 Plan) [Member] - Stock Option [Member] - $ / shares	12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Weighted average fair value of awards	$ 6.99	$ 5.15
Risk-free rate	2.17%	1.45%
Volatility	28.23%	28.88%
Expected life (in years)	6 years 6 months	6 years 6 months

Equity Based Incentive Compen99

Equity Based Incentive Compensation Plan (Details 1) - Malvern Bancorp, Inc. 2014 Long Term Incentive Compensation Plan (the 2014 Plan) [Member] - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Granted	11,000
Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding, beginning of year	5,000
Granted	7,000	5,000	0
Exercised
Forfeited/cancelled/expired	(1,000)
Outstanding, end of year	11,000	5,000
Exercisable at end of year	800
Nonvested at end of year	10,200
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward]
Outstanding, beginning of year	$ 16.02
Granted	21
Exercised
Forfeited/cancelled/expired	16.02
Outstanding, end of year	19.19	$ 16.02
Exercisable at end of year	16.02
Nonvested at end of year	$ 19.44
Share-based Compensation Arrangement by Share-based Payment Award, Options, Weighted Average Remaining Contractual Life [Roll Forward]
Outstanding, end of year	9 years 1 month 17 days
Exercisable at end of year	8 years 6 months
Nonvested at end of year	9 years 2 months 7 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Aggregate Intrinsic Value [Roll Forward]
Outstanding, beginning of year	$ 1,900
Forfeited/cancelled/expired	4,780
Outstanding, end of year	83,170	$ 1,900
Exercisable at end of year	8,584
Nonvested at end of year	$ 74,586

Equity Based Incentive Compe100

Equity Based Incentive Compensation Plan (Details 2) - Malvern Bancorp, Inc. 2014 Long Term Incentive Compensation Plan (the 2014 Plan) [Member] - Restricted Stock [Member] - $ / shares	12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Outstanding, beginning of year	1,930
Granted	12,522
Vested	(3,500)
Forfeited/cancelled/expired	(241)	(310)	0
Outstanding, end of year	10,711	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	$ 17.40
Granted	20.79
Vested	20.46
Forfeited/cancelled/expired	17.40
Outstanding, end of year	$ 20.36	$ 17.40

Equity Based Incentive Compe101

Equity Based Incentive Compensation Plan (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2015
Share-based compensation	$ 110
Malvern Bancorp, Inc. 2014 Long Term Incentive Compensation Plan (the 2014 Plan) [Member]
Maximum number of shares available for grants	400,000
Number of remaining shares available for future grants	374,789
Description of vesting right	Restricted stock and option awards granted during fiscal 2017 vest in 20% increments beginning on the one year anniversary of the grant date.
Weighted average period	4 years 3 months 18 days	4 years 2 months 27 days
Granted shares	11,000
Malvern Bancorp, Inc. 2014 Long Term Incentive Compensation Plan (the 2014 Plan) [Member] | Stock Option [Member]
Share-based compensation	$ 10	$ 3	$ 0
Granted shares	7,000	5,000	0
Malvern Bancorp, Inc. 2014 Long Term Incentive Compensation Plan (the 2014 Plan) [Member] | Restricted Stock [Member]
Share-based compensation	$ 100	$ 5	$ 0
Forfeited shares	241	310	0
Compensation cost not yet recognized	$ 191	$ 58
Granted shares	12,522	2,240	0

Subordinated Debt (Details Narr

Subordinated Debt (Details Narrative) - USD ($) $ in Thousands	Feb. 07, 2017	Sep. 30, 2017	Sep. 30, 2016
Debt Instrument [Line Items]
Subordinated debt		$ 24,303
Subordinated Notes Due February 15, 2027 [Member]
Debt Instrument [Line Items]
Aggregate principal amount	$ 25,000
Fixed interest rate	6.125%
Description of fixed-to-floating interest rate terms	The Notes bear interest at a fixed rate of 6.125% per year, from and including February 7, 2017 to, but excluding February 15, 2022. From and including February 15, 2022 to the maturity date or earlier redemption date, the interest rate will reset quarterly at a variable rate equal to the then current 3-month LIBOR plus 414.5 basis points.
Subordinated debt		$ 24,300
Description for redemption of notes	Redeemable, in whole or in part, on or after February 15, 2022, and at any time upon the occurrences of certain events.	The Company may not redeem the Notes prior to February 15, 2022, except that the Company may redeem the Notes at any time, at its option, in whole but not in part, subject to obtaining any required regulatory approvals, if (i) a change or prospective change in law occurs that could prevent the Company from deducting interest payable on the Notes for U.S. federal income tax purposes, (ii) a subsequent event occurs that precludes the Notes from being recognized as Tier 2 capital for regulatory capital purposes, or (iii) the Company is required to register as an investment company under the Investment Company Act of 1940, as amended, in each case, at a redemption price equal to 100% of the principal amount of the Notes plus any accrued and unpaid interest through, but excluding, the redemption date.
Debt issuance costs		$ 737

Condensed Financial Informat103

Condensed Financial Information - Parent Company Only (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014
Assets
Cash and Cash Equivalents	$ 117,136	$ 96,762	$ 40,263	$ 19,187
Investment in subsidiaries	(122,643)	(90,877)
Loans receivable, net	834,331	574,160
Other assets	3,244	1,548
Total Assets	1,046,012	821,272
Liabilities
Subordinated debt	24,303
Other short-term borrowings	5,000
Accrued interest payable	694	427
Shareholders' equity	102,520	96,157	82,749	77,160
Total Liabilities and Shareholders' Equity	1,046,012	821,272
Parent Company [Member]
Assets
Cash and Cash Equivalents	7,157	3,192	$ 5,325	$ 2,438
Investment in subsidiaries	122,643	90,877
Loans receivable, net	1,568	1,709
Other assets	689	418
Total Assets	132,057	96,196
Liabilities
Subordinated debt	24,303
Other short-term borrowings	5,000
Accrued interest payable	204
Accounts payable	30	39
Shareholders' equity	102,520	96,157
Total Liabilities and Shareholders' Equity	$ 132,057	$ 96,196

Condensed Financial Informat104

Condensed Financial Information - Parent Company Only (Details 1) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2015
Income
Interest income									$ 30,841	$ 21,206	$ 16,484
Total Interest Income	$ 9,529	$ 8,973	$ 8,175	$ 7,105	$ 6,817	$ 6,530	$ 6,210	$ 5,687	33,782	25,244	20,462
Expense
Long-term borrowings									2,176	2,195	1,817
Total Interest Expense	2,822	2,574	2,184	1,866	1,796	1,750	1,710	1,476	9,446	6,732	5,248
Other operating expenses									2,572	2,264	2,464
Total Other Expenses	3,813	3,986	3,778	3,570	3,759	3,378	3,360	3,425	15,147	13,922	13,961
Income tax expense	982	863	588	489	(6,174)				2,922	(6,174)	(970)
Net Income	$ 1,955	$ 1,719	$ 1,170	$ 973	$ 7,951	$ 1,589	$ 1,266	$ 1,344	5,817	12,150	4,668
Parent Company [Member]
Income
Interest income									81	116	196
Total Interest Income									81	116	196
Expense
Long-term borrowings									1,021
Total Interest Expense									1,021
Other operating expenses									272	189	251
Total Other Expenses									272	189	251
Total Expense									1,293	189	251
Loss before Equity in Undistributed Net Income of Subsidiaries and Income Tax Expense									(1,212)	(73)	(55)
Equity in Undistributed Net Income of Subsidiaries									6,792	12,334	4,723
Income tax expense									(237)	111
Net Income									$ 5,817	$ 12,150	$ 4,668

Condensed Financial Informat105

Condensed Financial Information - Parent Company Only (Details 2) - USD ($) $ in Thousands		3 Months Ended								12 Months Ended
		Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2015
Condensed Balance Sheet Statements, Captions [Line Items]
Net Income		$ 1,955	$ 1,719	$ 1,170	$ 973	$ 7,951	$ 1,589	$ 1,266	$ 1,344	$ 5,817	$ 12,150	$ 4,668
Other Comprehensive Income, Net of Tax:
Unrealized holding gains (losses) on available-for- sale securities										(275)	2,128	2,120
Tax effect										94	(723)	(721)
Net of tax amount										(181)	1,405	1,399
Reclassification adjustment for net gains arising during the period	[1]									463	565	515
Tax effect										(157)	(192)	(175)
Net of tax amount										306	373	340
Accretion of unrealized holding losses on securities transferred from available-for-sale to held- to-maturity	[2]									(9)	(9)	(5)
Tax effect										3	3	2
Net of tax amount										(6)	(6)	(3)
Fair value adjustment on derivatives										918	(194)	(348)
Total other comprehensive income										125	1,016	726
Total comprehensive income										5,942	13,166	5,394
Parent Company [Member]
Condensed Balance Sheet Statements, Captions [Line Items]
Net Income										5,817	12,150	4,668
Other Comprehensive Income, Net of Tax:
Unrealized holding gains (losses) on available-for- sale securities										(275)	2,128	2,120
Tax effect										94	(723)	(721)
Net of tax amount										(181)	1,405	1,399
Reclassification adjustment for net gains arising during the period	[1]									(463)	(565)	(515)
Tax effect										157	192	175
Net of tax amount										(306)	(373)	(340)
Accretion of unrealized holding losses on securities transferred from available-for-sale to held- to-maturity	[2]									9	9	5
Tax effect										(3)	(3)	(2)
Net of tax amount										6	6	3
Fair value adjustment on derivatives										918	(194)	(348)
Tax effect										(312)	172	12
Net of tax amount										606	(22)	(336)
Total other comprehensive income										125	1,016	726
Total comprehensive income										$ 5,942	$ 13,166	$ 5,394
[1]	Amounts are included in net gain on sales of securities on the Consolidated Statements of Operations in total other income.
[2]	Amounts are included in interest and dividends on investment securities on the Consolidated Statements of Operations.

Condensed Financial Informat106

Condensed Financial Information - Parent Company Only (Details 3) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2015
Cash Flows from Operating Activities
Net income	$ 1,955	$ 1,719	$ 1,170	$ 973	$ 7,951	$ 1,589	$ 1,266	$ 1,344	$ 5,817	$ 12,150	$ 4,668
Deferred income taxes, net									2,092	(6,316)	(1,035)
Stock based compensation									110
Amortization of subordinated debt issuance cost									39
(Increase) decrease in other assets									1,058	44	714
Net Cash (Used in) Provided by Operating Activities									9,832	9,334	3,246
Cash Flows from Investing Activities
Purchases of investment securities									(250)	(2,116)	(160,103)
Calls, sales of investment securities									583	2,437	6,032
Loan originations and principal collections, net									(262,039)	(184,548)	(5,927)
Net Cash Provided by (Used in) Investing Activities									(206,966)	(104,212)	(89,759)
Cash Flows from Financing Activities
Net proceeds from issuance of subordinate debt									24,264
Proceeds from other borrowings									140,000	121,000	93,000
Repayment of borrowings									(140,000)	(106,000)	(38,000)
Net Cash Provided by Financing Activities									217,508	151,377	107,589
Net (Decrease) Increase in Cash and Cash Equivalents									20,374	56,499	21,076
Cash and Cash Equivalent - Beginning				96,762				40,263	96,762	40,263	19,187
Cash and Cash Equivalent - Ending	117,136				96,762				117,136	96,762	40,263
Parent Company [Member]
Cash Flows from Operating Activities
Net income									5,817	12,150	4,668
Undistributed net income of subsidiaries									(6,792)	(12,334)	(4,723)
Deferred income taxes, net											84
ESOP shares committed to be released									311	242	195
Stock based compensation									110
Amortization of subordinated debt issuance cost									39
(Increase) decrease in other assets									(620)	(2,629)	239
Increase (decrease) in accounts payable									196	18	(27)
Net Cash (Used in) Provided by Operating Activities									(939)	(2,553)	437
Cash Flows from Investing Activities
Proceeds from maturities and principal collection on investments held to maturity										287	511
Calls, sales of investment securities											1,812
Loan originations and principal collections, net									140	133	127
Net Cash Provided by (Used in) Investing Activities									140	420	2,450
Cash Flows from Financing Activities
Net proceeds from issuance of subordinate debt									24,264
Capitalization from Bancorp to Malvern Federal Savings Bank									(24,500)
Proceeds from other borrowings									10,000
Repayment of borrowings									(5,000)
Net Cash Provided by Financing Activities									4,764
Net (Decrease) Increase in Cash and Cash Equivalents									3,965	(2,133)	2,887
Cash and Cash Equivalent - Beginning				$ 3,192				$ 5,325	3,192	5,325	2,438
Cash and Cash Equivalent - Ending	$ 7,157				$ 3,192				7,157	3,192	5,325
Supplementary Cash Flows Information
Non-cash transfer of investment securities from Parent Company to Bank										$ 5,475

Quarterly Financial Informat107

Quarterly Financial Information of Malvern Bancorp Inc. (Unuadited) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2015
Quarterly Financial Information Disclosure [Abstract]
Total Interest and Dividend Income	$ 9,529	$ 8,973	$ 8,175	$ 7,105	$ 6,817	$ 6,530	$ 6,210	$ 5,687	$ 33,782	$ 25,244	$ 20,462
Total Interest Expense	2,822	2,574	2,184	1,866	1,796	1,750	1,710	1,476	9,446	6,732	5,248
Net Interest Income	6,707	6,399	5,991	5,239	5,021	4,780	4,500	4,211	24,336	18,512	15,214
Provision for Loan Losses	489	645	997	660	100	472	375		2,791	947	90
Total Other Income	532	814	542	453	615	659	501	558	2,341	2,333	2,535
Total Other Expenses	3,813	3,986	3,778	3,570	3,759	3,378	3,360	3,425	15,147	13,922	13,961
Income before income tax benefit	2,937	2,582	1,758	1,462	1,777	1,589	1,266	1,344	8,739	5,976	3,698
Income tax benefit	982	863	588	489	(6,174)				2,922	(6,174)	(970)
Net Income	$ 1,955	$ 1,719	$ 1,170	$ 973	$ 7,951	$ 1,589	$ 1,266	$ 1,344	$ 5,817	$ 12,150	$ 4,668
Earnings Per Common Share:
Basic (in dollars per share)	$ 0.3	$ 0.27	$ 0.18	$ 0.15	$ 1.24	$ 0.25	$ 0.2	$ 0.21	$ 0.90	$ 1.90	$ 0.73
Diluted (in dollars per share)	$ 0.3	$ 0.27	$ 0.18	$ 0.15	$ 1.24	$ 0.25	$ 0.2		$ 0.90	$ 1.90
Weighted Average Common Shares Outstanding
Basic (in shares)	6,441,731	6,443,515	6,427,309	6,418,583	6,415,049	6,411,766	6,408,167	6,402,332	6,431,445	6,409,265	6,393,330
Diluted (in shares)	6,445,151	6,445,288	6,427,932	6,419,012	6,415,207	6,411,804	6,408,167		6,432,137	6,409,325