Malvern Bancorp (MLVF) 10-Q 9 Feb 18 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Dec. 31, 2017	Feb. 09, 2018
Document And Entity Information
Entity Registrant Name	MALVERN BANCORP, INC.
Entity Central Index Key	1,550,603
Document Type	10-Q
Trading Symbol	MLVF
Document Period End Date	Dec. 31, 2017
Amendment Flag	false
Current Fiscal Year End Date	--09-30
Entity a Well-known Seasoned Issuer	No
Entity a Voluntary Filer	No
Entity's Reporting Status Current	Yes
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		6,572,684
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2,018

CONSOLIDATED STATEMENTS OF FINA

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Unaudited) - USD ($) $ in Thousands	Dec. 31, 2017	Sep. 30, 2017
Assets
Cash and due from depository institutions	$ 1,636	$ 1,615
Interest bearing deposits in depository institutions	127,006	115,521
Cash and Cash Equivalents	128,642	117,136
Investment securities available for sale, at fair value	44,503	14,587
Investment securities held to maturity, at cost (fair value of $33,291 and $34,566, respectively)	33,893	34,915
Restricted stock, at cost	5,930	5,559
Loans receivable, net of allowance for loan losses of $8,437 and $8,405, respectively	806,764	834,331
Accrued interest receivable	3,344	3,139
Property and equipment, net	7,374	7,507
Deferred income taxes, net	3,791	6,671
Bank-owned life insurance	19,045	18,923
Other assets	3,872	3,244
Total Assets	1,057,158	1,046,012
Deposits:
Deposits-noninterest-bearing	45,756	42,121
Deposits-interest-bearing	751,343	748,275
Total Deposits	797,099	790,396
FHLB advances	118,000	118,000
Other short-term borrowings	5,000	5,000
Subordinated debt	24,342	24,303
Advances from borrowers for taxes and insurance	2,895	1,553
Accrued interest payable	1,099	694
Other liabilities	5,527	3,546
Total Liabilities	953,962	943,492
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 December 31, 2017 and 6,572,684 shares at September 30, 2017	66	66
Additional paid-in-capital	60,811	60,736
Retained earnings	43,542	43,139
Unearned Employee Stock Ownership Plan (ESOP) shares	(1,447)	(1,483)
Accumulated other comprehensive income	224	62
Total Shareholders' Equity	103,196	102,520
Total Liabilities and Shareholders' Equity	$ 1,057,158	$ 1,046,012

CONSOLIDATED STATEMENTS OF FIN3

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2017	Sep. 30, 2017
Statement of Financial Position [Abstract]
Investment securities held to maturity, fair value	$ 33,291	$ 34,566
Allowance for loan losses	$ 8,437	$ 8,405
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, authorized	10,000,000	10,000,000
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized	40,000,000	40,000,000
Common stock, issued	6,572,684	6,572,684
Common stock, outstanding	6,572,684	6,572,684

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Interest and Dividend Income
Loans, including fees	$ 8,701	$ 6,313
Investment securities, taxable	230	472
Investment securities, tax-exempt	65	163
Dividends, restricted stock	69	64
Interest-bearing cash accounts	446	93
Total Interest and Dividend Income	9,511	7,105
Interest Expense
Deposits	2,155	1,324
Short-term borrowings	19
Long-term borrowings	563	542
Subordinated debt	392
Total Interest Expense	3,129	1,866
Net interest income	6,382	5,239
Provision for Loan Losses		660
Net Interest Income after Provision for Loan Losses	6,382	4,579
Other Income
Service charges and other fees	271	223
Rental income-other	66	55
Net gains on sale of real estate	1,186
Net gains on sale of loans	67	45
Earnings on bank-owned life insurance	121	130
Total Other Income	1,711	453
Other Expense
Salaries and employee benefits	1,990	1,712
Occupancy expense	562	494
Federal deposit insurance premium	76	4
Advertising	54	51
Data processing	278	302
Professional fees	788	401
Other operating expenses	723	606
Total Other Expense	4,471	3,570
Income before income tax expense	3,622	1,462
Income tax expense	3,219	489
Net Income	$ 403	$ 973
Earnings Per Common Share:
Basic (in dollars per share)	$ 0.06	$ 0.15
Diluted (in dollars per share)	$ 0.06	$ 0.15
Weighted Average Common Shares Outstanding:
Basic (in shares)	6,445,264	6,418,583
Diluted (in shares)	6,450,513	6,419,012
Dividends Declared Per Share (in dollars per share)	$ 0	$ 0

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands		3 Months Ended
		Dec. 31, 2017	Dec. 31, 2016
Income Statement [Abstract]
Net Income		$ 403	$ 973
Other Comprehensive (Loss) Income, Net of Tax:
Unrealized holding losses on available-for-sale securities		(83)	(1,098)
Tax effect		25	374
Net of tax amount		(58)	(724)
Accretion of unrealized holding losses on securities transferred from available-for-sale to held-to-maturity	[1]	2	4
Tax effect		(1)	(1)
Net of tax amount		1	3
Fair value adjustments on derivatives		242	945
Tax effect		(23)	(321)
Net of tax amount		219	624
Total other comprehensive income (loss)		162	(97)
Total comprehensive income		$ 565	$ 876
[1]	Amounts are included in interest and dividends on investment securities on the Consolidated Statements of Operations.

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-In Capital [Member]	Retained Earnings [Member]	Unearned ESOP Shares [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Total
Balance at beginning at Sep. 30, 2016	$ 66	$ 60,461	$ 37,322	$ (1,629)	$ (63)	$ 96,157
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income			973			973
Other comprehensive income (loss)					(97)	(97)
Committed to be released ESOP shares (3,600 shares)		32		37		69
Stock based compensation		2				2
Balance at ending at Dec. 31, 2016	66	60,495	38,295	(1,592)	(160)	97,104
Balance at beginning at Sep. 30, 2017	66	60,736	43,139	(1,483)	62	102,520
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income			403			403
Other comprehensive income (loss)					162	162
Committed to be released ESOP shares (3,600 shares)		60		36		96
Stock based compensation		15				15
Balance at ending at Dec. 31, 2017	$ 66	$ 60,811	$ 43,542	$ (1,447)	$ 224	$ 103,196

CONSOLIDATED STATEMENTS OF CHA7

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

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Cash Flows from Operating Activities
Net income	$ 403	$ 973
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation expense	187	179
Provision for loan losses		660
Deferred income taxes expense	2,849	428
ESOP expense	96	69
Stock based compensation	15	2
Amortization of premiums and discounts on investment securities, net	294	456
Amortization (accretion) of loan origination fees and costs	8	(514)
Amortization of mortgage service rights	13	15
Net gain on sale of real estate	(1,186)
Net gain on sale of secondary market loans	(67)	(45)
Proceeds on sale of secondary market loans	5,112	2,287
Originations of secondary market loans	(5,045)	(2,242)
Earnings on bank-owned life insurance	(121)	(130)
Increase in accrued interest receivable	(205)	(341)
Increase in accrued interest payable	405	21
Increase (decrease) in other liabilities	1,981	(690)
(Increase) decrease in other assets	(367)	88
Amortization of subordinated debt	39
Net Cash Provided by Operating Activities	4,411	1,216
Investment securities available-for-sale:
Purchases	(30,140)
Maturities, calls and principal repayments	123	446
Investment securities held-to-maturity:
Maturities, calls and principal repayments	747	2,121
Loan originations and principal collections, net	27,559	(94,413)
Net (increase) decrease in restricted stock	(371)	8
Proceeds from sale of real estate	1,315
Purchases of property and equipment	(183)	(311)
Net Cash Used in Investing Activities	(950)	(92,149)
Cash Flows from Financing Activities
Net increase in deposits	6,703	56,577
Proceeds from long-term borrowings	35,000	35,000
Repayment of long-term borrowings	(35,000)	(35,000)
Increase in advances from borrowers for taxes and insurance	1,342	875
Net Cash Provided by Financing Activities	8,045	57,452
Net Increase (Decrease) in Cash and Cash Equivalents	11,506	(33,481)
Cash and Cash Equivalent - Beginning	117,136	96,762
Cash and Cash Equivalent - Ending	128,642	63,281
Supplementary Cash Flows Information
Interest paid	$ 2,724	$ 1,845

Basis of Presentation

Basis of Presentation	3 Months Ended
	Dec. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Note 1 – Basis of Presentation The consolidated financial statements of Malvern Bancorp, Inc. (the “Company” or “Malvern Bancorp”) include the accounts of the Company and its wholly-owned subsidiary, Malvern Federal Savings Bank (“Malvern Federal Savings” or the “Bank”) and the Bank’s wholly-owned subsidiary, Malvern Insurance Associates, LLC (“Malvern Insurance”). All significant intercompany accounts and transactions have been eliminated from the accompanying consolidated financial statements. 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. Malvern Insurance offers a full line of business and personal insurance products. 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 Federal Reserve Bank 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. In preparing the unaudited consolidated financial statements, management has made estimates and assumptions that affect the reported amounts of assets and liabilities as of the dates of the unaudited consolidated statements of condition and that affect the results of operations for the periods presented. Actual results could differ significantly from those estimates. Material estimates that are particularly susceptible to change in the near term relate to the determination of the allowance for loan losses, other real estate owned, the evaluation of deferred tax assets and the other-than-temporary impairment evaluation of securities. The unaudited consolidated financial statements have been prepared in conformity with U.S. generally accepted accounting principles (“U.S. GAAP”).

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Dec. 31, 2017
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	Note 2 – 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 expect the adoption of this guidance to have a material impact on its consolidated financial statements. In April 2016, the FASB issued ASU No. 2016-10 “Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing.” The guidance is intended to clarify the guidance previously issued in May 2014 related to the recognition of revenue from contracts with customers. The updated guidance is intended to reduce the cost and complexity of applying the guidance on identifying promised goods or services in a contract and to improve the operability and understandability of the implementation guidance regarding the licensing of intellectual property. The updated guidance is effective for interim and annual reporting periods beginning after December 15, 2017, with early adoption permitted for interim and annual reporting periods beginning after December 15, 2016. The Company does not expect the adoption of this guidance to have a material impact on its consolidated financial statements. In 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 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

Earnings Per Share	3 Months Ended
	Dec. 31, 2017
Earnings Per Share [Abstract]
Earnings Per Share	Note 3 – Earnings Per Share Basic earnings per common share is computed based on the weighted average number of shares outstanding reduced by unearned ESOP shares. Diluted earnings per share is computed based on the weighted average number of shares outstanding and common stock equivalents (“CSEs”) that would arise from the exercise of dilutive securities reduced by unearned ESOP shares. During the three months ended December 31, 2017, the Company granted stock options to purchase 4,664 shares of common stock and 4,768 restricted shares. The following table sets forth the composition of the weighted average shares (denominator) used in the earnings per share computations. Three Months Ended December 31, (Dollars in thousands, except for per share data) 2017 2016 Net Income $ 403 $ 973 Weighted average shares outstanding 6,572,605 6,560,324 Average unearned ESOP shares (127,341 ) (141,741 ) Basic weighted average shares outstanding 6,445,264 6,418,583 Plus: effect of dilutive options 5,249 429 Diluted weighted average common shares 6,450,513 6,419,012 Earnings per share: Basic $ 0.06 $ 0.15 Diluted $ 0.06 0.15

Employee Stock Ownership Plan

Employee Stock Ownership Plan	3 Months Ended
	Dec. 31, 2017
Employee Stock Ownership Plan (ESOP), Shares in ESOP [Abstract]
Employee Stock Ownership Plan	Note 4 – Employee Stock Ownership Plan The Company established an employee stock ownership plan (“ESOP”) for substantially all of its full-time employees. The current ESOP trustee is Pentegra. Shares of the Company’s common stock purchased by the ESOP are held until released for allocation to participants. Shares released are allocated to each eligible participant based on the ratio of each such participant’s base compensation to the total base compensation of all eligible plan participants. As the unearned shares are committed to be released and allocated among participants, the Company recognizes compensation expense equal to the fair value of the ESOP shares during the periods in which they become committed to be released. To the extent that the fair value of the ESOP shares released differs from the cost of such shares, the difference is charged or credited to additional paid-in capital. During the period from May 20, 2008 to September 30, 2008, the ESOP purchased 241,178 shares of the common stock for approximately $2.6 million, an average price of $10.86 per share, which was funded by a loan from Malvern Federal Bancorp, Inc. (the Company’s predecessor). The ESOP loan is being repaid principally from the Bank’s contributions to the ESOP. The loan, which bears an interest rate of 5%, is being repaid in quarterly installments through 2026. Shares are released to participants proportionately as the loan is repaid. During the three months ended December 31, 2017 and 2016, there were 3,600 and 3,600 shares, respectively, committed to be released. At December 31, 2017, there were 125,565 unallocated shares and 133,653 allocated shares held by the ESOP. The unallocated shares had an aggregate fair value of approximately $3.3 million at December 31, 2017.

Investment Securities

Investment Securities	3 Months Ended
	Dec. 31, 2017
Investments, Debt and Equity Securities [Abstract]
Investment Securities	Note 5 - Investment Securities The Company’s investment securities are classified as available-for-sale or held-to-maturity at December 31, 2017 and at September 30, 2017. 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 December 31, 2017 and September 30, 2017. December 31, 2017 Amortized Gross Gross Fair (Dollars in thousands) Investment Securities Available-for-Sale: U.S. treasury notes $ 30,013 $ — $ (39 ) $ 29,974 State and municipal obligations 6,982 22 (16 ) 6,988 Single issuer trust preferred security 1,000 — (70 ) 930 Corporate debt securities 6,622 — (261 ) 6,361 Mutual fund 250 — — 250 ​ Total 44,867 22 (386 ) 44,503 Investment Securities Held-to-Maturity: U.S. government agencies ​$1,999 $ — $ (19 ) $ 1,980 State and municipal obligations 9,510 34 (24 ) 9,520 Corporate debt securities 3,792 37 — 3,829 Mortgage-backed securities: Collateralized mortgage obligations, fixed-rate 18,592 — (630 ) 17,962 ​Total ​$33,893 $ 71 $ (673 ) $ 33,291 ​Total investment securities $ 78,760 $ 93 $ (1,059 ) $ 77,794 September 30, 2017 Amortized Gross Gross Fair (Dollars 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 For the three months ended December 31, 2017and 2016, no available-for-sale investment securities were sold. 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 December 31, 2017 and September 30, 2017: December 31, 2017 Less than 12 Months More than 12 Months Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair value Unrealized Losses (Dollars in thousands) Investment Securities Available-for-Sale: U.S. treasury notes $ 29,974 $ (39 ) $ — $ — $ 29,974 $ (39 ) State and municipal obligations 1,713 (12 ) 497 (4 ) 2,210 (16 ) Single issuer trust preferred security — — 930 (70 ) 930 (70 ) Corporate debt securities — — 6,361 (261 ) 6,361 (261 ) Total $ 31,687 $ (51 ) $ 7,788 $ (335 ) $ 39,475 $ (386 ) Investment Securities Held-to-Maturity: U.S. government agencies — — 1,980 (19 ) 1,980 (19 ) State and municipal obligations 5,559 (24 ) — — 5,559 (24 ) Mortgage-backed securities: CMO, fixed-rate — — 17,962 (630 ) 17,962 (630 ) Total 5,559 (24 ) 19,942 (649 ) 25,501 (673 ) Total investment securities $ 37,246 $ (75 ) $ 27,730 $ (984 ) $ 64,976 $ (1,059 ) September 30, 2017 Less than 12 Months More than 12 Months Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair value Unrealized Losses (Dollars 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 ) As of December 31, 2017, the estimated fair value of the securities disclosed above was primarily dependent upon the movement in market interest rates, particularly given the negligible inherent credit risk associated with these securities. These investment securities are comprised of securities that are rated investment grade by at least one bond credit rating service. Although the fair value will fluctuate as market interest rates move, management believes that these fair values will recover as the underlying portfolios mature and are reinvested in market rate yielding investments. As of December 31, 2017, the Company held three U.S. treasury notes, two U.S. government agency securities, eight municipal bonds, three corporate securities, 37 mortgage-backed securities and one single issuer trust preferred security which were in an unrealized loss position. The Company does not intend to sell and expects that it is not more likely than not that it will be required to sell these securities until such time as the value recovers or the securities mature. Management does not believe any individual unrealized loss as of December 31, 2017 represents other-than-temporary impairment. Investment securities having a carrying value of approximately $9.1 million and $9.6 million at December 31, 2017 and September 30, 2017 were pledged to secure deposits. In addition, investment securities having a carrying value of $6.0 million and $6.2 million, respectively, were pledged to secure short-term borrowings at December 31, 2017 and September 30, 2017. The following table presents information for investment securities at December 31, 2017, based on scheduled maturities. Actual maturities can be expected to differ from scheduled maturities due to prepayment or early call options of the issuer. December 31, 2017 Amortized Cost Fair Value (Dollars in thousands) Investment Securities Available-for-Sale: Due in one year or less $ 30,013 $ 29,974 Due after one year through five years 4,449 4,442 Due after five years through ten years 8,950 8,702 Due after ten years 1,455 1,385 Total $ 44,867 $ 44,503 Investment Securities Held-to-Maturity: Due after one year through five years $ 1,999 $ 1,980 Due after five years through ten years 6,231 6,285 Due after ten years 25,663 25,026 Total $ 33,893 $ 33,291 Total investment securities $ 78,760 $ 77,794

Loans Receivable and Related Al

Loans Receivable and Related Allowance for Loan Losses	3 Months Ended
	Dec. 31, 2017
Receivables [Abstract]
Loans Receivable and Related Allowance for Loan Losses	Note 6 - Loans Receivable and Related Allowance for Loan Losses Loans receivable in the Company’s portfolio consisted of the following at the dates indicated below: December 31, 2017 September 30, 2017 (Dollars in thousands) Residential mortgage $ 186,831 $ 192,500 Construction and Development: Residential and commercial 34,627 35,622 Land 18,599 18,377 Total Construction and Development 53,226 53,999 Commercial: Commercial real estate 427,610 437,760 Farmland 1,711 1,723 Multi-family 32,716 39,768 Other 71,933 74,837 Total Commercial 533,970 554,088 Consumer: Home equity lines of credit 16,811 16,509 Second mortgages 21,304 22,480 Other 2,435 2,570 Total Consumer 40,550 41,559 Total loans 814,577 842,146 Deferred loan fees and cost, net 624 590 Allowance for loan losses (8,437 ) (8,405 ) Total loans receivable, net $ 806,764 $ 834,331 The following tables summarize the primary classes of the allowance for loan losses (“ALLL”), segregated into the amount required for loans individually evaluated for impairment and the amount required for loans collectively evaluated for impairment as of December 31, 2017 and September 30, 2017. Activity in the allowance is presented for the three months ended December 31, 2017 and 2016 and the year ended September 30, 2017, respective Three Months Ended December 31, 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 (Dollars in thousands) Allowance for loan losses: Beginning balance $ 1,004 $ 523 $ 132 $ 3,581 $ 9 $ 224 $ 541 $ 90 $ 402 $ 27 $ 1,872 $ 8,405 Charge-offs — — — — — — — — — (2 ) — (2 ) Recoveries 2 — — 9 — — 1 1 19 2 — 34 Provisions 23 9 (2 ) 670 3 (24 ) (93 ) 3 42 3 (634 ) — Ending Balance $ 1,029 $ 532 $ 130 $ 4,260 $ 12 $ 200 $ 449 $ 94 $ 463 $ 30 $ 1,238 $ 8,437 Ending balance: individually evaluated for impairment $ — $ — $ — $ 156 $ — $ — $ — $ — $ 156 $ 1 $ — $ 313 Ending balance: collectively evaluated for impairment $ 1,029 $ 532 $ 130 $ 4,104 $ 12 $ 200 $ 449 $ 94 $ 307 $ 29 $ 1,238 $ 8,124 Loans receivable: Ending balance $ 186,831 $ 34,627 $ 18,599 $ 427,610 $ 1,711 $ 32,716 $ 71,933 $ 16,811 $ 21,304 $ 2,435 $ 814,577 Ending balance: individually evaluated for impairment $ 2,438 $ — $ 89 $ 1,347 $ — $ — $ 239 $ 10 $ 578 $ 1 $ 4,702 Ending balance: collectively evaluated for impairment $ 184,393 $ 34,627 $ 18,510 $ 426,263 $ 1,711 $ 32,716 $ 71,694 $ 16,801 $ 20,726 $ 2,434 $ 809,875 Three Months Ended December 31, 2016 Construction and Development Commercial Consumer Residential Mortgage Residential and Commercial Land Commercial Real Estate Multi-family Other Home Equity Lines of Credit Second Mortgages Other Unallocated Total (Dollars in thousands) Allowance for loan losses: Beginning $ 1,201 $ 199 $ 97 $ 1,874 $ 109 $ 158 $ 116 $ 467 $ 34 $ 1,179 $ 5,434 Charge-offs — — — — — — — (71 ) (5 ) — (76 ) Recoveries — 90 — 3 — 5 1 57 3 — 159 Provisions (39 ) 585 (7 ) 338 (3 ) 45 (6 ) (45 ) (4 ) (204 ) 660 Ending Balance $ 1,162 $ 874 $ 90 $ 2,215 $ 106 $ 208 $ 111 $ 408 $ 28 $ 975 $ 6,177 Ending balance: $ — $ — $ — $ — $ — $ — $ — $ 50 $ — $ — $ 50 Ending balance: $ 1,162 $ 874 $ 90 $ 2,215 $ 106 $ 208 $ 111 $ 358 $ 28 $ 975 $ 6,127 Loans receivable: Ending balance $ 205,668 $ 28,296 $ 10,117 $ 307,821 $ 19,805 $ 53,587 $ 19,729 $ 26,971 $ 1,697 $ 673,691 Ending balance: $ 2,104 $ 109 $ — $ 760 $ — $ — $ 62 $ 220 $ — $ 3,255 Ending balance: $ 203,564 $ 28,187 $ 10,117 $ 307,061 $ 19,805 $ 53,587 $ 19,667 $ 26,751 $ 1,697 $ 670,436 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 (Dollars 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 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 in conjunction with the quarterly review and changes to the qualitative factors to adjust for the risk due to current economic conditions, 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 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 December 31, 2017 and September 30, 2017. 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 (Dollars in thousands) December 31, 2017: Residential mortgage $ — $ — $ 2,438 $ 2,438 $ 2,561 Construction and Development: Land — — 89 89 89 Commercial: Commercial real estate 796 156 551 1,347 1,347 Other — — 239 239 239 Consumer: Home equity lines of credit — — 10 10 11 Second mortgages 298 156 280 578 611 Other 1 1 — 1 1 Total impaired loans $ 1,095 $ 313 $ 3,607 $ 4,702 $ 4,859 September 30, 2017: Residential mortgage $ — $ — $ 2,262 $ 2,262 $ 2,379 Construction and Development: 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 The following table presents the average recorded investment in impaired loans in portfolio and related interest income recognized for the three months ended December 31, 2017 and 2016. Three Months Ended December 31, 2017 (Dollars in thousands) Average Impaired Loans Interest Income Recognized on Impaired Loans Residential mortgage $ 2,390 $ 12 Construction and Development: Land 91 1 Commercial: Commercial real estate 820 6 Other 241 3 Consumer: Home equity lines of credit 10 — Second mortgages 495 2 Other 1 — Total $ 4,048 $ 24 Three Months Ended December 31, 2016 (Dollars in thousands) Average Impaired Loans Interest Income Recognized on Impaired Loans Residential mortgage $ 1,997 $ 20 Construction and Development: Residential and commercial 109 1 Commercial: Commercial real estate 1,602 4 Consumer: Home equity lines of credit 70 — Second mortgages 226 — Total $ 4,004 $ 25 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 December 31, 2017 and September 30, 2017. December 31, 2017 Pass Special Mention Substandard Doubtful Total (Dollars in thousands) Residential mortgage $ 184,093 $ 112 $ 2,626 $ — $ 186,831 Construction and Development: Residential and commercial 34,627 — — — 34,627 Land 14,090 — 4,509 — 18,599 Commercial: Commercial real estate 421,647 3,220 2,743 — 427,610 Farmland 1,711 — — — 1,711 Multi-family 32,363 353 — — 32,716 Other 71,003 45 885 — 71,933 Consumer: Home equity lines of credit 16,667 — 144 — 16,811 Second mortgages 20,215 109 980 — 21,304 Other 2,429 5 1 — 2,435 Total $ 798,845 $ 3,844 $ 11,888 $ — $ 814,577 September 30, 2017 Pass Special Mention Substandard Doubtful Total (Dollars 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 The following table presents loans that are no longer accruing interest by portfolio class. December 31, September 30, 2017 2017 (Dollars in thousands) Residential mortgage $ 1,048 $ 826 Commercial: Commercial real estate 796 — Consumer: Home equity lines of credit 10 10 Second mortgages 387 202 Total non-accrual loans $ 2,241 $ 1,038 Under the Bank’s loan policy, once a loan has been placed on non-accrual status, we do not resume interest accruals until the loan has been brought current and has maintained a current payment status for not less than six consecutive months. Interest income that would have been recognized on nonaccrual loans had they been current in accordance with their original terms was approximately $10,000 and $10,000 for the three months ended December 31, 2017 and 2016, respectively. At December 31, 2017 and September 30, 2017 there were approximately $345,000 and $173,000, respectively, of loans past due 90 days or more and still accruing interest. Management further monitors the performance and credit quality of the loan portfolio by analyzing the age of the portfolio as determined by whether a loan payment is “current,” that is, it is received from a borrower by the scheduled due date, or the length of time a scheduled payment is past due. The following table presents the classes of the loan portfolio summarized by the aging categories as of December 31, 2017 and September 30, 2017. Current 30-59 60-89 90 Total Past Due Total Loans Receivable Accruing 90 (Dollars in thousands) December 31, 2017: Residential mortgage $ 181,911 $ 1,462 $ 2,471 $ 987 $ 4,920 $ 186,831 $ 300 Construction and Development: Residential and commercial 34,627 — — — — 34,627 — Land 18,599 — — — — 18,599 — Commercial: Commercial real estate 426,814 — — 796 796 427,610 — Farmland 1,711 — — — — 1,711 — Multi-family 32,716 — — — — 32,716 — Other 71,888 — — 45 45 71,933 45 Consumer: Home equity lines of credit 16,629 88 94 — 182 16,811 — Second mortgages 20,073 882 60 289 1,231 21,304 — Other 2,414 20 1 — 21 2,435 — Total $ 807,382 $ 2,452 $ 2,626 $ 2,117 $ 7,195 $ 814,577 $ 345 Current 30-59 60-89 90 Total Past Due Total Loans Receivable Accruing 90 (Dollars 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 credit 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 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 twelve loans classified as TDRs at both December 31, 2017 and September 30, 2017 with an aggregate outstanding balance of $2.2 million and $2.3 million, respectively. At December 31, 2017, these loans were also classified as impaired. Eleven of the TDR loans continue to perform under the restructured terms through December 31, 2017 and we continued to accrue interest on such loans through such date. 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 $252,000 of residential real estate properties in the process of foreclosure at December 31, 2017 and September 30, 2017, 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 December 31, 2017: Residential mortgage 6 $ 1,457 — $ — Construction and Development: Land 1 89 Commercial: Commercial real estate 2 551 — — Consumer Second mortgages 3 145 1 20 Total 12 $ 2,242 1 $ 20 At September 30, 2017: Residential mortgage 6 $ 1,464 — $ — Construction and Development: Land 1 94 — — Commercial: Commercial real estate 2 554 — — Consumer Second mortgages 3 148 1 22 Total 12 $ 2,260 1 $ 22 The following table reports the performing status all of TDR loans. The performing status is determined by the loans compliance with the modified terms. December 31, 2017 September 30, 2017 Performing Non-Performing Performing Non-Performing (Dollars in thousands) Residential mortgage $ 1,457 $ — $ 1,464 $ — Construction and Development: Land 89 — 94 — Commercial: Commercial real estate 551 — 554 — Consumer Second mortgages 125 20 126 22 Total $ 2,222 $ 20 $ 2,238 $ 22 For the Three Months Ended December 31, 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 (Dollars in thousands) Troubled Debt Restructurings: Residential mortgage — $ — $ — 3 $ 760 $ 760 Total — $ — $ — 3 $ 760 $ 760

Regulatory Matters

Regulatory Matters	3 Months Ended
	Dec. 31, 2017
Banking and Thrift [Abstract]
Regulatory Matters	Note 7 - Regulatory Matters The Bank is subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Bank’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of the Bank’s assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. The Bank’s capital amounts and classifications are also subject to qualitative judgments by the regulators about components, risk-weightings and other factors. In July of 2013, the respective U.S. federal banking agencies issued final rules implementing Basel III and the Dodd-Frank Act capital requirements to be fully phased in on a global basis on January 1, 2019. The new regulations establish a new tangible common equity capital requirement, increase the minimum requirement for the current Tier 1 risk-weighted asset (“RWA”) ratio, phase out certain kinds of intangibles treated as capital and certain types of instruments and change the risk weightings of certain assets used to determine required capital ratios. The new common equity Tier 1 capital component requires capital of the highest quality – predominantly composed of retained earnings and common stock instruments. For community banks such as Malvern Federal Savings Bank, a common equity Tier 1 capital ratio of 4.5% became effective on January 1, 2015. The new capital rules also increased the minimum Tier 1 capital ratio from 4.0% to 6.0% beginning on January 1, 2015. The rules also establish a capital conservation buffer of 2.5% above the new regulatory minimum capital requirements, which must consist entirely of common equity Tier 1 capital and would result in the following minimum ratios: (1) a common equity Tier 1 capital ratio of 7.0%, (2) a Tier 1 capital ratio of 8.5%, and (3) a total capital ratio of 10.5%. The new capital conservation buffer requirement was phased in beginning in January 2016 at 0.625% of risk-weighted assets and will increase by that amount each year until fully implemented in January 2019. An institution is also subject to limitations on paying dividends, engaging in share repurchases, and paying discretionary bonuses if its capital level falls below the buffer amount. These limitations establish a maximum percentage of eligible retained income that could be utilized for such actions. Quantitative measures established by regulation to ensure capital adequacy require the Bank to maintain minimum amounts and ratios (set forth in the table below) of tangible and core capital (as defined in the regulations) to total adjusted tangible assets (as defined) and of risk-based capital (as defined) to risk-weighted assets (as defined). As of December 31, 2017, the Company’s and the Bank’s current capital levels exceed the required capital amounts to be considered “well capitalized” and we believe they also meet the fully-phased in minimum capital requirements, including the related capital conservation buffers, as required by the Basel III capital rules. The following table summarizes the Company’s compliance with applicable regulatory capital requirements as of December 31, 2017 and September 30, 2017: Actual For Capital To Be Well (Dollars in thousands) Capital Ratio Capital Ratio Capital Ratio As of December 31, 2017: Tier 1 Leverage (Core) Capital (to average assets) $ 102,952 9.64 % $ 42,720 4.00 % n/a n/a Common Equity Tier 1 Capital (to risk weighted assets) 102,952 12.89 % 35,944 4.50 % n/a n/a Tier 1 Capital (to risk weighted assets) 102,952 12.89 % 47,925 6.00 % n/a n/a Total Risk Based Capital (to risk weighted assets) 135,794 17.00 % 63,900 8.00 % n/a n/a As of September 30, 2017: Tier 1 Leverage (Core) Capital (to average assets) $ 100,779 10.00 % $ 40,315 4.00 % n/a n/a Common Equity Tier 1 Capital (to risk weighted assets) 100,779 12.28 % 36,945 4.50 % n/a n/a Tier 1 Capital (to risk weighted assets) 100,779 12.28 % 49,260 6.00 % n/a n/a Total Risk Based Capital (to risk weighted assets) 133,549 16.27 % 65,679 8.00 % n/a n/a The following table summarizes the Bank’s compliance with applicable regulatory capital requirements as of December 31, 2017 and September 30, 2017: To Be Well For Capital Under Prompt Actual Adequacy Purposes Action Provisions (Dollars in thousands) Capital Ratio Capital Ratio Capital Ratio As of December 31, 2017: Tier 1 Leverage (to average assets) $ 123,508 11.57 % $ 42,695 4.00 % $ 53,368 5.00 % Common Equity Tier 1 Capital (to risk weighted assets) 123,508 15.48 % 35,908 4.50 % 51,868 6.50 % Tier 1 Capital (to risk weighted assets) 123,508 15.48 % 47,878 6.00 % 63,837 8.00 % Total Risk Based Capital (to risk weighted assets) 132,007 16.54 % 63,837 8.00 % 79,797 10.00 % 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 Risk Based Capital (to risk weighted assets) 129,369 15.78 % 65,590 8.00 % 81,987 10.00 %

Derivatives and Hedging Activit

Derivatives and Hedging Activities	3 Months Ended
	Dec. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives and Hedging Activities	Note 8 – Derivatives and Hedging Activities The Company is exposed to certain risks arising from both its business operations and economic conditions. The Company principally manages its exposures to a wide variety of business and operational risks through management of its core business activities. The Company manages economic risks, including interest rate, liquidity, and credit risk primarily by managing the amount, sources, and duration of its debt funding and the use of derivative financial instruments. Specifically, the Company enters into derivative financial instruments to manage exposures that arise from business activities that result in the payment of future uncertain cash amounts, the value of which are determined by interest rates. The Company’s objectives in using interest rate derivatives are to add stability to interest expense and to manage its exposure to interest rate movements. To accomplish this objective, the Company primarily uses interest rate swaps as part of its interest rate risk management strategy. Interest rate swaps designated as cash flow hedges involve the receipt of variable amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. The effective portion of changes in the fair value of derivatives designated and that qualify as cash flow hedges is recorded in Accumulated Other Comprehensive Income and is subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. At December 31, 2017, such derivatives were used to hedge the variable cash flows associated with FHLB advances. The ineffective portion of the change in fair value of the derivatives is recognized directly in earnings. The Company’s derivatives did not have any hedge ineffectiveness recognized in earnings during the three months ended December 31, 2017 and 2016. Amounts reported in accumulated other comprehensive income related to derivatives will be reclassified to interest expense as interest payments are made on the Company’s variable-rate debt. During the next twelve months, the Company estimates approximately $121,000 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 December 31, 2017 and September 30, 2017: December 31, 2017 Notional Amount Fair Value Balance Sheet Location Expiration Date (Dollars in thousand) Derivatives designated as hedging instruments Interest rate swaps by effective date: August 3, 2015 $ 15,000 $ 117 Other assets August 3, 2020 February 5, 2016 20,000 502 Other assets February 1, 2021 September 30, 2017 Notional Amount Fair Value Balance Sheet Location Expiration Date (Dollars in thousand) Derivatives designated as hedging instruments Interest rate swaps by effective date: August 3, 2015 $ 15,000 $ 9 Other assets August 3, 2020 February 5, 2016 20,000 367 Other assets February 1, 2021 The table below presents the net gains (losses) recorded in accumulated other comprehensive income and the Consolidate Statements of Income relating to the cash flow derivative instruments for the three months ended December 31, 2017 and 2016. For the Three Months Ended December 31, 2017 Amount of Gain (Loss) Recognized in OCI (Effective Portion) Amount of Gain (Loss) Reclassified from OCI to Interest Expense Amount of Gain (Loss) Recognized in Other Non-Interest Income (Ineffective Portion) (Dollars in thousands) August 3, 2015 $ 91 $ (16 ) $ — February 5, 2016 139 3 — For the Three Months Ended December 31, 2016 Amount of Gain (Loss) Recognized in OCI (Effective Portion) Amount of Gain (Loss) Reclassified from OCI to Interest Expense Amount of Gain (Loss) Recognized in Other Non-Interest Income (Ineffective Portion) (Dollars in thousands) August 3, 2015 $ 338 $ (36 ) $ — February 5, 2016 548 (23 ) — 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 December 31, 2017and 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 for both periods. At December 31, 2017 and September 30, 2017, the Company has minimum collateral posting thresholds with certain of its derivative counterparties and has posted collateral of zero for both periods, respectively, against its obligations under these agreements. If the Company had breached any of these provisions at December 31, 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	3 Months Ended
	Dec. 31, 2017
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 9 - Fair Value Measurements The Company follows FASB ASC Topic 820 “Fair Value Measurement,” to record fair value adjustments to certain assets and to determine fair value disclosures for the Company’s financial instruments. Investment and mortgage-backed securities available for sale are recorded at fair value on a recurring basis. Additionally, from time to time, the Company may be required to record at fair value other assets on a nonrecurring basis, such as impaired loans, real estate owned and certain other assets. These nonrecurring fair value adjustments typically involve application of lower-of-cost-or-market accounting or write-downs of individual assets. The Company groups its assets at fair value in three levels, based on the markets in which the assets are traded and the reliability of the assumptions used to determine fair value. These levels are: Level 1— Valuation is based upon quoted prices for identical instruments traded in active markets. Level 2—Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market. Level 3—Valuation is generated from model-based techniques that use significant assumptions not observable in the market. These unobservable assumptions reflect the Company’s own estimates of assumptions that market participants would use in pricing the asset. The Company bases its fair values on the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. It is our policy to maximize the use of observable inputs and minimize the use of unobservable inputs when developing fair value measurements, in accordance with the fair value hierarchy. Fair value measurements for assets where there exists limited or no observable market data and, therefore, are based primarily upon the Company’s or other third-party’s estimates, are often calculated based on the characteristics of the asset, the economic and competitive environment and other factors. Therefore, the results cannot be determined with precision and may not be realized in an actual sale or immediate settlement of the asset. Additionally, there may be inherent weaknesses in any calculation technique, and changes in the underlying assumptions used, including discount rates and estimates of future cash flows, could significantly affect the results of current or future valuations. FASB ASC Topic 825 “Financial Instruments” provides an option to elect fair value as an alternative measurement for selected financial assets and financial liabilities not previously recorded at fair value. The fair value of a financial instrument is the current amount that would be exchanged between willing parties, other than in a forced liquidation. The Company monitors and evaluates available data to perform fair value measurements on an ongoing basis and recognizes transfers among the levels of the fair value hierarchy as of the date event or a change in circumstances that affects the valuation method chosen. There were no changes in valuation technique or transfers between levels at December 31, 2017 or September 30, 2017. The tables below present the balances of assets measured at fair value on a recurring basis at December 31, 2017 and September 30, 2017: December 31, 2017 Total Level 1 Level 2 Level 3 (Dollars in thousands) Assets: Investment securities available-for-sale: Debt securities: U.S. treasury notes $ 29,974 $ 29,974 $ — $ — State and municipal obligations 6,988 — 6,988 — Single issuer trust preferred security 930 — 930 — Corporate debt securities 6,361 — 6,361 — Mutual funds 250 — — 250 Total investment securities available-for-sale 44,503 29,974 14,279 250 Derivative instruments $ 619 $ — $ 619 $ — September 30, 2017 Total Level 1 Level 2 Level 3 (Dollars 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 $ — For assets measured at fair value on a nonrecurring basis that were still held at the end of the period, the following tables provide the level of valuation assumptions used to determine each adjustment and the carrying value of the related individual assets or portfolios at December 31, 2017 and September 30, 2017: December 31, 2017 Total Level 1 Level 2 Level 3 (Dollars in thousands) Impaired loans (1) $ 782 $ — $ — $ 782 Total $ 782 $ — $ — $ 782 December 31, 2017 Fair Value at Valuation Technique Unobservable Input Range/(Weighted (Dollars in thousands) Impaired loans (1) $ 782 Appraisal of collateral (2) Collateral discounts (3) 0%/(0% ) Total $ 782 (1) At December 31, 2017, consisted of eight loans with an aggregate balance of $1.1 million and with $313,000 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, 2017 Total Level 1 Level 2 Level 3 (Dollars 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. At December 31, 2017 and September 30, 2017, the Company did not have any additions to our mortgage servicing assets. At December 31, 2017 and September 30, 2017, the Company only sold loans with servicing released. The following disclosure of the estimated fair value of financial instruments is made in accordance with the requirements of FASB ASC 825. The estimated fair value amounts have been determined by the Company using available market information and appropriate valuation methods. However, considerable judgment is necessarily required to interpret market data to develop the estimates of fair value. Accordingly, the estimates presented herein are not necessarily indicative of the amounts the Company would realize in a current market exchange. The use of different market assumptions and/or estimation methodologies may have a material effect on the estimated fair value amounts. FASB ASC 825 excludes certain financial instruments and all non-financial instruments from its disclosure requirements. Accordingly, the aggregate fair value amounts presented may not necessarily represent the underlying fair value of the Company. The fair value estimates presented herein are based on pertinent information available to management as of December 31, 2017 and September 30, 2017. 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 December 31, 2017 and September 30, 2017 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 December 31, 2017 and September 30, 2017 are presented below: Carrying Fair Value Level 1 Level 2 Level 3 (Dollars in thousands) December 31, 2017: Financial assets: Cash and cash equivalents $ 128,642 $ 128,642 $ 128,642 $ — $ — Investment securities available-for-sale 44,503 44,503 29,974 14,279 250 Investment securities held-to-maturity 33,893 33,291 — 33,291 — Loans receivable, net (including impaired loans) 806,764 806,529 — — 806,529 Accrued interest receivable 3,344 3,344 — 3,344 — Restricted stock 5,930 5,930 — 5,930 — Mortgage servicing rights (included in Other Assets) 255 264 — 264 — Derivatives 619 619 — 619 — Financial liabilities: Savings accounts 41,631 41,631 — 41,631 — Checking and NOW accounts 207,034 207,034 — 207,034 — Money market accounts 293,674 293,674 — 293,674 — Certificates of deposit 254,760 257,153 — 257,153 — Borrowings (excluding sub debt) 123,000 123,155 — 123,155 — Subordinated debt 24,342 24,342 — 24,342 — Accrued interest payable 1,099 1,099 — 1,099 — 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) 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 —

Income Taxes

Income Taxes	3 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Income Taxes	Note 10 – Income Taxes In the first quarter of fiscal 2018, the Company revised its estimated annual effective rate to reflect a change in the federal statutory rate from 35% to 21%, resulting from legislation that was enacted on December 22, 2017. The rate change is administratively effective at the beginning of our calendar year, using a blended rate for the annual period. As a result, the blended statutory tax rate for the year is 24.5%. In addition, we recognized a tax expense in our tax provision for the period ended December 31, 2017 related to adjusting our deferred tax balance to reflect the new corporate tax rate. As a result, income tax expense reported for the first three months was adjusted to reflect the effects of the change in the tax law and resulted in an increase in income tax expense of $2.0 million during the quarter ended December 31, 2017. This amount is the result of a reduction of $323,000 in income tax expense for the three-month period ended December 31, 2017 related to the lower corporate rate and a $2.3 million increase from the application of the newly enacted rates to existing deferred tax assets balances. The accounting for the effects of the rate change on deferred tax balances is complete and no provisional amounts were recorded for this item. Reconciliation of income tax provision for three months ended December 31, 2017: For the Three Months Ended December 31, 2017 (Dollars in thousands) Income tax provision calculated at blended federal tax rate (24.5%) $ 878 State income tax provision 170 Income tax provision due to re-measurement of DTAs/DTLs 2,206 Other (35) Total $ 3,219

Comprehensive Income (Loss)

Comprehensive Income (Loss)	3 Months Ended
	Dec. 31, 2017
Equity [Abstract]
Comprehensive Income (Loss)	Note 11 – Comprehensive Income (Loss) The components of accumulated other comprehensive income included in shareholders’ equity are as follows: December 31, September 30, 2017 2017 (Dollars in thousands) Net unrealized holding (losses) gains on available-for-sale securities $ (364 ) $ (282 ) Tax effect 121 96 Net of tax amount (243 ) (186 ) Fair value adjustments on derivatives 619 376 Tax effect (152 ) (128 ) Net of tax amount 467 248 Total accumulated other comprehensive income $ 224 $ 62 Other comprehensive income (loss) and related tax effects are presented in the following table: Three Months Ended December 31, 2017 2016 (Dollars in thousands) Net unrealized holding (losses) gains on available-for-sale securities $ (83 ) $ (1,098 ) Net realized gain on securities available-for-sale — — Amortization of unrealized holding losses on securities available-for-sale transferred to held-to-maturity 2 4 Fair value adjustments on derivatives 242 945 Other comprehensive income (loss) before taxes 161 (149 ) Tax effect 1 52 Total comprehensive income (loss) $ 162 $ (97 )

Equity Based Incentive Compensa

Equity Based Incentive Compensation Plan	3 Months Ended
	Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Equity Based Incentive Compensation Plan	Note 12 – Equity Based Incentive Compensation Plan The Company maintains the Malvern Bancorp, Inc. 2014 Long-Term Incentive Compensation Plan (the “2014 Plan”), which permits the grant of long-term incentive and other stock and cash awards. The purpose of the 2014 Plan is to promote the success of the Company and the Bank by providing incentives to officers, employees and directors of the Company and the Bank that will link their personal interests to the financial success of the Company and to growth in shareholder value. The maximum total number of shares of the Company’s common stock available for grants under the 2014 Plan is 400,000. As of December 31, 2017, there were 365,357 remaining shares available for future grants. Restricted stock and option awards granted vest in 20% increments beginning on the one year anniversary of the grant date, and accelerate upon a change in control of the Company. The options generally expire ten years from the date of grant. All issuances are subject to forfeiture if the recipient leaves or is terminated prior to the award’s vesting. Shares of restricted stock have the same dividend and voting rights as common stock while options do not. All awards are issued at fair value of the underlying shares at the grant date. The Company expenses the cost of the awards, which is determined to be the fair market value of the awards at the date of grant. During the three months ended December 31, 2017, stock options covering a total of 4,664 shares of common stock were granted. No options were granted for the three months ended December 31, 2016. Total compensation expense related to options granted under the 2014 Plan was $4,000 for the three months ended December 31, 2017 and $1,000 for the three months ended December 31, 2016. During the three months ended December 31, 2017 a total of 4,768 restricted shares were awarded. During the three months ended December 31, 2016 no restricted shares were awarded. The compensation expense related to restricted stock awards was approximately $11,000 during the three months ended December 31, 2017 and $1,000 during the three months ended December 31, 2016. 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 following is a summary of stock option activity for the three months ended December 31, 2017: Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term (In Years) Aggregate Intrinsic Value Outstanding, beginning of year 11,000 $ 19.19 $ 83,170 Granted 4,664 26.20 — Exercised — — — Forfeited/cancelled/expired — — — Outstanding, at December 31, 2017 15,664 $ 21.28 9.209 $ 77,120 Exercisable at December 31, 2017 800 $ 16.02 8.246 $ 8,144 Nonested at December 31, 2017 14,864 $ 21.28 9.209 $ 77,120 The table below summarizes the activity for the Company’s restricted stock outstanding during the three months ended December 31, 2017: Shares Weighted Average Fair Value Outstanding, beginning of year 10,711 $ 20.36 Granted 4,768 26.20 Vested (337 ) 17.40 Forfeited/cancelled/expired — — Outstanding, at December 31, 2017 15,142 $ 22.16 As of December 31, 2017, there was $304,000 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 4.44 years. As of December 31, 2017, there was $91,000 of total unrecognized compensation cost related to nonvested options under the Plan. The cost is expected to be recognized over a weighted average period of 4.39 years.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Dec. 31, 2017
Earnings Per Share [Abstract]
Schedule of composition of weighted average shares (denominator) used in earnings per share computations	The following table sets forth the composition of the weighted average shares (denominator) used in the earnings per share computations. Three Months Ended December 31, (Dollars in thousands, except for per share data) 2017 2016 Net Income $ 403 $ 973 Weighted average shares outstanding 6,572,605 6,560,324 Average unearned ESOP shares (127,341 ) (141,741 ) Basic weighted average shares outstanding 6,445,264 6,418,583 Plus: effect of dilutive options 5,249 429 Diluted weighted average common shares 6,450,513 6,419,012 Earnings per share: Basic $ 0.06 $ 0.15 Diluted $ 0.06 0.15

Investment Securities (Tables)

Investment Securities (Tables)	3 Months Ended
	Dec. 31, 2017
Investments, Debt and Equity Securities [Abstract]
Schedule of investment securities	The following tables present information related to the Company’s investment securities at December 31, 2017 and September 30, 2017. December 31, 2017 Amortized Gross Gross Fair (Dollars in thousands) Investment Securities Available-for-Sale: U.S. treasury notes $ 30,013 $ — $ (39 ) $ 29,974 State and municipal obligations 6,982 22 (16 ) 6,988 Single issuer trust preferred security 1,000 — (70 ) 930 Corporate debt securities 6,622 — (261 ) 6,361 Mutual fund 250 — — 250 ​ Total 44,867 22 (386 ) 44,503 Investment Securities Held-to-Maturity: U.S. government agencies ​$1,999 $ — $ (19 ) $ 1,980 State and municipal obligations 9,510 34 (24 ) 9,520 Corporate debt securities 3,792 37 — 3,829 Mortgage-backed securities: Collateralized mortgage obligations, fixed-rate 18,592 — (630 ) 17,962 ​Total ​$33,893 $ 71 $ (673 ) $ 33,291 ​Total investment securities $ 78,760 $ 93 $ (1,059 ) $ 77,794 September 30, 2017 Amortized Gross Gross Fair (Dollars 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
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 December 31, 2017 and September 30, 2017: December 31, 2017 Less than 12 Months More than 12 Months Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair value Unrealized Losses (Dollars in thousands) Investment Securities Available-for-Sale: U.S. treasury notes $ 29,974 $ (39 ) $ — $ — $ 29,974 $ (39 ) State and municipal obligations 1,713 (12 ) 497 (4 ) 2,210 (16 ) Single issuer trust preferred security — — 930 (70 ) 930 (70 ) Corporate debt securities — — 6,361 (261 ) 6,361 (261 ) Total $ 31,687 $ (51 ) $ 7,788 $ (335 ) $ 39,475 $ (386 ) Investment Securities Held-to-Maturity: U.S. government agencies — — 1,980 (19 ) 1,980 (19 ) State and municipal obligations 5,559 (24 ) — — 5,559 (24 ) Mortgage-backed securities: CMO, fixed-rate — — 17,962 (630 ) 17,962 (630 ) Total 5,559 (24 ) 19,942 (649 ) 25,501 (673 ) Total investment securities $ 37,246 $ (75 ) $ 27,730 $ (984 ) $ 64,976 $ (1,059 ) September 30, 2017 Less than 12 Months More than 12 Months Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair value Unrealized Losses (Dollars 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 )
Schedule of amortized cost and fair value of debt securities by contractual maturity	The following table presents information for investment securities at December 31, 2017, based on scheduled maturities. Actual maturities can be expected to differ from scheduled maturities due to prepayment or early call options of the issuer. December 31, 2017 Amortized Cost Fair Value (Dollars in thousands) Investment Securities Available-for-Sale: Due in one year or less $ 30,013 $ 29,974 Due after one year through five years 4,449 4,442 Due after five years through ten years 8,950 8,702 Due after ten years 1,455 1,385 Total $ 44,867 $ 44,503 Investment Securities Held-to-Maturity: Due after one year through five years $ 1,999 $ 1,980 Due after five years through ten years 6,231 6,285 Due after ten years 25,663 25,026 Total $ 33,893 $ 33,291 Total investment securities $ 78,760 $ 77,794

Loans Receivable and Related 23

Loans Receivable and Related Allowance for Loan Losses (Tables)	3 Months Ended
	Dec. 31, 2017
Receivables [Abstract]
Schedule of loans receivable	Loans receivable in the Company’s portfolio consisted of the following at the dates indicated below: December 31, 2017 September 30, 2017 (Dollars in thousands) Residential mortgage $ 186,831 $ 192,500 Construction and Development: Residential and commercial 34,627 35,622 Land 18,599 18,377 Total Construction and Development 53,226 53,999 Commercial: Commercial real estate 427,610 437,760 Farmland 1,711 1,723 Multi-family 32,716 39,768 Other 71,933 74,837 Total Commercial 533,970 554,088 Consumer: Home equity lines of credit 16,811 16,509 Second mortgages 21,304 22,480 Other 2,435 2,570 Total Consumer 40,550 41,559 Total loans 814,577 842,146 Deferred loan fees and cost, net 624 590 Allowance for loan losses (8,437 ) (8,405 ) Total loans receivable, net $ 806,764 $ 834,331
Schedule of allowance for loan losses	The following tables summarize the primary classes of the allowance for loan losses (“ALLL”), segregated into the amount required for loans individually evaluated for impairment and the amount required for loans collectively evaluated for impairment as of December 31, 2017 and September 30, 2017. Activity in the allowance is presented for the three months ended December 31, 2017 and 2016 and the year ended September 30, 2017, respective Three Months Ended December 31, 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 (Dollars in thousands) Allowance for loan losses: Beginning balance $ 1,004 $ 523 $ 132 $ 3,581 $ 9 $ 224 $ 541 $ 90 $ 402 $ 27 $ 1,872 $ 8,405 Charge-offs — — — — — — — — — (2 ) — (2 ) Recoveries 2 — — 9 — — 1 1 19 2 — 34 Provisions 23 9 (2 ) 670 3 (24 ) (93 ) 3 4 2 3 (634 ) — Ending Balance $ 1,029 $ 532 $ 130 $ 4,260 $ 12 $ 200 $ 449 $ 94 $ 463 $ 30 $ 1,238 $ 8,437 Ending balance: individually evaluated for impairment $ — $ — $ — $ 156 $ — $ — $ — $ — $ 156 $ 1 $ — $ 313 Ending balance: collectively evaluated for impairment $ 1,029 $ 532 $ 130 $ 4,104 $ 12 $ 200 $ 449 $ 94 $ 307 $ 29 $ 1,238 $ 8,124 Loans receivable: Ending balance $ 186,831 $ 34,627 $ 18,599 $ 427,610 $ 1,711 $ 32,716 $ 71,933 $ 16,811 $ 21,304 $ 2,435 $ 814,577 Ending balance: individually evaluated for impairment $ 2,438 $ — $ 89 $ 1,347 $ — $ — $ 239 $ 10 $ 578 $ 1 $ 4,702 Ending balance: collectively evaluated for impairment $ 184,393 $ 34,627 $ 18,510 $ 426,263 $ 1,711 $ 32,716 $ 71,694 $ 16,801 $ 20,726 $ 2,434 $ 809,875 Three Months Ended December 31, 2016 Construction and Development Commercial Consumer Residential Mortgage Residential and Commercial Land Commercial Real Estate Multi-family Other Home Equity Lines of Credit Second Mortgages Other Unallocated Total (Dollars in thousands) Allowance for loan losses: Beginning $ 1,201 $ 199 $ 97 $ 1,874 $ 109 $ 158 $ 116 $ 467 $ 34 $ 1,179 $ 5,434 Charge-offs — — — — — — — (71 ) (5 ) — (76 ) Recoveries — 90 — 3 — 5 1 57 3 — 159 Provisions (39 ) 585 (7 ) 338 (3 ) 45 (6 ) (45 ) (4 ) (204 ) 660 Ending Balance $ 1,162 $ 874 $ 90 $ 2,215 $ 106 $ 208 $ 111 $ 408 $ 28 $ 975 $ 6,177 Ending balance: $ — $ — $ — $ — $ — $ — $ — $ 50 $ — $ — $ 50 Ending balance: $ 1,162 $ 874 $ 90 $ 2,215 $ 106 $ 208 $ 111 $ 358 $ 28 $ 975 $ 6,127 Loans receivable: Ending balance $ 205,668 $ 28,296 $ 10,117 $ 307,821 $ 19,805 $ 53,587 $ 19,729 $ 26,971 $ 1,697 $ 673,691 Ending balance: $ 2,104 $ 109 $ — $ 760 $ — $ — $ 62 $ 220 $ — $ 3,255 Ending balance: $ 203,564 $ 28,187 $ 10,117 $ 307,061 $ 19,805 $ 53,587 $ 19,667 $ 26,751 $ 1,697 $ 670,436 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 (Dollars 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
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 December 31, 2017 and September 30, 2017. 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 (Dollars in thousands) December 31, 2017: Residential mortgage $ — $ — $ 2,438 $ 2,438 $ 2,561 Construction and Development: Land — — 89 89 89 Commercial: Commercial real estate 796 156 551 1,347 1,347 Other — — 239 239 239 Consumer: Home equity lines of credit — — 10 10 11 Second mortgages 298 156 280 578 611 Other 1 1 — 1 1 Total impaired loans $ 1,095 $ 313 $ 3,607 $ 4,702 $ 4,859 September 30, 2017: Residential mortgage $ — $ — $ 2,262 $ 2,262 $ 2,379 Construction and Development: 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
Schedule of average recorded investment in impaired loans and related interest income recognized	The following table presents the average recorded investment in impaired loans in portfolio and related interest income recognized for the three months ended December 31, 2017 and 2016. Three Months Ended December 31, 2017 (Dollars in thousands) Average Impaired Loans Interest Income Recognized on Impaired Loans Residential mortgage $ 2,390 $ 12 Construction and Development: Land 91 1 Commercial: Commercial real estate 820 6 Other 241 3 Consumer: Home equity lines of credit 10 — Second mortgages 495 2 Other 1 — Total $ 4,048 $ 24 Three Months Ended December 31, 2016 (Dollars in thousands) Average Impaired Loans Interest Income Recognized on Impaired Loans Residential mortgage $ 1,997 $ 20 Construction and Development: Residential and commercial 109 1 Commercial: Commercial real estate 1,602 4 Consumer: Home equity lines of credit 70 — Second mortgages 226 — Total $ 4,004 $ 25
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 December 31, 2017 and September 30, 2017. December 31, 2017 Pass Special Mention Substandard Doubtful Total (Dollars in thousands) Residential mortgage $ 184,093 $ 112 $ 2,626 $ — $ 186,831 Construction and Development: Residential and commercial 34,627 — — — 34,627 Land 14,090 — 4,509 — 18,599 Commercial: Commercial real estate 421,647 3,220 2,743 — 427,610 Farmland 1,711 — — — 1,711 Multi-family 32,363 353 — — 32,716 Other 71,003 45 885 — 71,933 Consumer: Home equity lines of credit 16,667 — 144 — 16,811 Second mortgages 20,215 109 980 — 21,304 Other 2,429 5 1 — 2,435 Total $ 798,845 $ 3,844 $ 11,888 $ — $ 814,577 September 30, 2017 Pass Special Mention Substandard Doubtful Total (Dollars 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
Schedule of loans that are no longer accruing interest by portfolio class	The following table presents loans that are no longer accruing interest by portfolio class. December 31, September 30, 2017 2017 (Dollars in thousands) Residential mortgage $ 1,048 $ 826 Commercial: Commercial real estate 796 — Consumer: Home equity lines of credit 10 10 Second mortgages 387 202 Total non-accrual loans $ 2,241 $ 1,038
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 December 31, 2017 and September 30, 2017. Current 30-59 60-89 90 Total Past Due Total Loans Receivable Accruing 90 (Dollars in thousands) December 31, 2017: Residential mortgage $ 181,911 $ 1,462 $ 2,471 $ 987 $ 4,920 $ 186,831 $ 300 Construction and Development: Residential and commercial 34,627 — — — — 34,627 — Land 18,599 — — — — 18,599 — Commercial: Commercial real estate 426,814 — — 796 796 427,610 — Farmland 1,711 — — — — 1,711 — Multi-family 32,716 — — — — 32,716 — Other 71,888 — — 45 45 71,933 45 Consumer: Home equity lines of credit 16,629 88 94 — 182 16,811 — Second mortgages 20,073 882 60 289 1,231 21,304 — Other 2,414 20 1 — 21 2,435 — Total $ 807,382 $ 2,452 $ 2,626 $ 2,117 $ 7,195 $ 814,577 $ 345 Current 30-59 60-89 90 Total Past Due Total Loans Receivable Accruing 90 (Dollars 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 credit 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
Schedule of TDR loans	Excluding OREO, the Company had $252,000 and $252,000 of residential real estate properties in the process of foreclosure at December 31, 2017 and September 30, 2017, 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 December 31, 2017: Residential mortgage 6 $ 1,457 — $ — Construction and Development: Land 1 89 Commercial: Commercial real estate 2 551 — — Consumer Second mortgages 3 145 1 20 Total 12 $ 2,242 1 $ 20 At September 30, 2017: Residential mortgage 6 $ 1,464 — $ — Construction and Development: Land 1 94 — — Commercial: Commercial real estate 2 554 — — Consumer Second mortgages 3 148 1 22 Total 12 $ 2,260 1 $ 22
Schedule of performing status of TDR loans	The following table reports the performing status all of TDR loans. The performing status is determined by the loans compliance with the modified terms. December 31, 2017 September 30, 2017 Performing Non-Performing Performing Non-Performing (Dollars in thousands) Residential mortgage $ 1,457 $ — $ 1,464 $ — Construction and Development: Land 89 — 94 — Commercial: Commercial real estate 551 — 554 — Consumer Second mortgages 125 20 126 22 Total $ 2,222 $ 20 $ 2,238 $ 22 For the Three Months Ended December 31, 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 (Dollars in thousands) Troubled Debt Restructurings: Residential mortgage — $ — $ — 3 $ 760 $ 760 Total — $ — $ — 3 $ 760 $ 760

Regulatory Matters (Tables)

Regulatory Matters (Tables)	3 Months Ended
	Dec. 31, 2017
Banking and Thrift [Abstract]
Schedule of company's compliance of capital requirements	The following table summarizes the Company’s compliance with applicable regulatory capital requirements as of December 31, 2017 and September 30, 2017: Actual For Capital To Be Well (Dollars in thousands) Capital Ratio Capital Ratio Capital Ratio As of December 31, 2017: Tier 1 Leverage (Core) Capital (to average assets) $ 102,952 9.64 % $ 42,720 4.00 % n/a n/a Common Equity Tier 1 Capital (to risk weighted assets) 102,952 12.89 % 35,944 4.50 % n/a n/a Tier 1 Capital (to risk weighted assets) 102,952 12.89 % 47,925 6.00 % n/a n/a Total Risk Based Capital (to risk weighted assets) 135,794 17.00 % 63,900 8.00 % n/a n/a As of September 30, 2017: Tier 1 Leverage (Core) Capital (to average assets) $ 100,779 10.00 % $ 40,315 4.00 % n/a n/a Common Equity Tier 1 Capital (to risk weighted assets) 100,779 12.28 % 36,945 4.50 % n/a n/a Tier 1 Capital (to risk weighted assets) 100,779 12.28 % 49,260 6.00 % n/a n/a Total Risk Based Capital (to risk weighted assets) 133,549 16.27 % 65,679 8.00 % n/a n/a
Schedule of actual capital amounts and ratios	The following table summarizes the Bank’s compliance with applicable regulatory capital requirements as of December 31, 2017 and September 30, 2017: To Be Well For Capital Under Prompt Actual Adequacy Purposes Action Provisions (Dollars in thousands) Capital Ratio Capital Ratio Capital Ratio As of December 31, 2017: Tier 1 Leverage (to average assets) $ 123,508 11.57 % $ 42,695 4.00 % $ 53,368 5.00 % Common Equity Tier 1 Capital (to risk weighted assets) 123,508 15.48 % 35,908 4.50 % 51,868 6.50 % Tier 1 Capital (to risk weighted assets) 123,508 15.48 % 47,878 6.00 % 63,837 8.00 % Total Risk Based Capital (to risk weighted assets) 132,007 16.54 % 63,837 8.00 % 79,797 10.00 % 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 Risk Based Capital (to risk weighted assets) 129,369 15.78 % 65,590 8.00 % 81,987 10.00 %

Derivatives and Hedging Activ25

Derivatives and Hedging Activities (Tables)	3 Months Ended
	Dec. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of effects of derivative instruments on the consolidated financial statements	The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the Balance Sheet as of December 31, 2017 and September 30, 2017: December 31, 2017 Notional Amount Fair Value Balance Sheet Location Expiration Date (Dollars in thousand) Derivatives designated as hedging instruments Interest rate swaps by effective date: August 3, 2015 $ 15,000 $ 117 Other assets August 3, 2020 February 5, 2016 20,000 502 Other assets February 1, 2021 September 30, 2017 Notional Amount Fair Value Balance Sheet Location Expiration Date (Dollars in thousand) Derivatives designated as hedging instruments Interest rate swaps by effective date: August 3, 2015 $ 15,000 $ 9 Other assets August 3, 2020 February 5, 2016 20,000 367 Other assets February 1, 2021
Schedule of net gains (losses) recorded in accumulated other comprehensive income and the consolidate statements of income	The table below presents the net gains (losses) recorded in accumulated other comprehensive income and the Consolidate Statements of Income relating to the cash flow derivative instruments for the three months ended December 31, 2017 and 2016. For the Three Months Ended December 31, 2017 Amount of Gain (Loss) Recognized in OCI (Effective Portion) Amount of Gain (Loss) Reclassified from OCI to Interest Expense Amount of Gain (Loss) Recognized in Other Non-Interest Income (Ineffective Portion) (Dollars in thousands) August 3, 2015 $ 91 $ (16 ) $ — February 5, 2016 139 3 — For the Three Months Ended December 31, 2016 Amount of Gain (Loss) Recognized in OCI (Effective Portion) Amount of Gain (Loss) Reclassified from OCI to Interest Expense Amount of Gain (Loss) Recognized in Other Non-Interest Income (Ineffective Portion) (Dollars in thousands) August 3, 2015 $ 338 $ (36 ) $ — February 5, 2016 548 (23 ) —

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Dec. 31, 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 December 31, 2017 and September 30, 2017: December 31, 2017 Total Level 1 Level 2 Level 3 (Dollars in thousands) Assets: Investment securities available-for-sale: Debt securities: U.S. treasury notes $ 29,974 $ 29,974 $ — $ — State and municipal obligations 6,988 — 6,988 — Single issuer trust preferred security 930 — 930 — Corporate debt securities 6,361 — 6,361 — Mutual funds 250 — — 250 Total investment securities available-for-sale 44,503 29,974 14,279 250 Derivative instruments $ 619 $ — $ 619 $ — September 30, 2017 Total Level 1 Level 2 Level 3 (Dollars 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 $ —
Schedule of assets measured at fair value on a non recurring basis	For assets measured at fair value on a nonrecurring basis that were still held at the end of the period, the following tables provide the level of valuation assumptions used to determine each adjustment and the carrying value of the related individual assets or portfolios at December 31, 2017 and September 30, 2017: December 31, 2017 Total Level 1 Level 2 Level 3 (Dollars in thousands) Impaired loans (1) $ 782 $ — $ — $ 782 Total $ 782 $ — $ — $ 782 December 31, 2017 Fair Value at December 31, 2017 Valuation Technique Unobservable Input Range/(Weighted Average) (Dollars in thousands) Impaired loans (1) $ 782 Appraisal of collateral (2) Collateral discounts (3) 0%/(0% ) Total $ 782 Â (1) At December 31, 2017, consisted of eight loans with an aggregate balance of $1.1 million and with $313,000 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, 2017 Total Level 1 Level 2 Level 3 (Dollars 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 Â (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.
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 December 31, 2017 and September 30, 2017 are presented below: Carrying Fair Value Level 1 Level 2 Level 3 (Dollars in thousands) December 31, 2017: Financial assets: Cash and cash equivalents $ 128,642 $ 128,642 $ 128,642 $ — $ — Investment securities available-for-sale 44,503 44,503 29,974 14,279 250 Investment securities held-to-maturity 33,893 33,291 — 33,291 — Loans receivable, net (including impaired loans) 806,764 806,529 — — 806,529 Accrued interest receivable 3,344 3,344 — 3,344 — Restricted stock 5,930 5,930 — 5,930 — Mortgage servicing rights (included in Other Assets) 255 264 — 264 — Derivatives 619 619 — 619 — Financial liabilities: Savings accounts 41,631 41,631 — 41,631 — Checking and NOW accounts 207,034 207,034 — 207,034 — Money market accounts 293,674 293,674 — 293,674 — Certificates of deposit 254,760 257,153 — 257,153 — Borrowings (excluding sub debt) 123,000 123,155 — 123,155 — Subordinated debt 24,342 24,342 — 24,342 — Accrued interest payable 1,099 1,099 — 1,099 — 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) 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 —

Income Taxes (Tables)

Income Taxes (Tables)	3 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Schedule of reconciliation of income tax provision	Reconciliation of income tax provision for three months ended December 31, 2017: For the Three Months Ended December 31, 2017 (Dollars in thousands) Income tax provision calculated at blended federal tax rate (24.5%) $ 878 State income tax provision 170 Income tax provision due to re-measurement of DTAs/DTLs 2,206 Other (35) Total $ 3,219

Comprehensive Income (Loss) (Ta

Comprehensive Income (Loss) (Tables)	3 Months Ended
	Dec. 31, 2017
Equity [Abstract]
Schedule of accumulated other comprehensive (loss) included in shareholders equity	The components of accumulated other comprehensive income included in shareholders’ equity are as follows: December 31, September 30, 2017 2017 (Dollars in thousands) Net unrealized holding (losses) gains on available-for-sale securities $ (364 ) $ (282 ) Tax effect 121 96 Net of tax amount (243 ) (186 ) Fair value adjustments on derivatives 619 376 Tax effect (152 ) (128 ) Net of tax amount 467 248 Total accumulated other comprehensive income $ 224 $ 62
Schedule of other comprehensive income (loss) and related tax effects	Other comprehensive income (loss) and related tax effects are presented in the following table: Three Months Ended December 31, 2017 2016 (Dollars in thousands) Net unrealized holding (losses) gains on available-for-sale securities $ (83 ) $ (1,098 ) Net realized gain on securities available-for-sale — — Amortization of unrealized holding losses on securities available-for-sale transferred to held-to-maturity 2 4 Fair value adjustments on derivatives 242 945 Other comprehensive income (loss) before taxes 161 (149 ) Tax effect 1 52 Total comprehensive income (loss) $ 162 $ (97 )

Equity Based Incentive Compen29

Equity Based Incentive Compensation Plan (Tables)	3 Months Ended
	Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of currently outstanding options	The following is a summary of stock option activity for the three months ended December 31, 2017: Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term (In Years) Aggregate Intrinsic Value Outstanding, beginning of year 11,000 $ 19.19 $ 83,170 Granted 4,664 26.20 — Exercised — — — Forfeited/cancelled/expired — — — Outstanding, at December 31, 2017 15,664 $ 21.28 9.209 $ 77,120 Exercisable at December 31, 2017 800 $ 16.02 8.246 $ 8,144 Nonested at December 31, 2017 14,864 $ 21.28 9.209 $ 77,120
Schedule of restricted stock outstanding	The table below summarizes the activity for the Company’s restricted stock outstanding during the three months ended December 31, 2017: Shares Weighted Average Fair Value Outstanding, beginning of year 10,711 $ 20.36 Granted 4,768 26.20 Vested (337 ) 17.40 Forfeited/cancelled/expired — — Outstanding, at December 31, 2017 15,142 $ 22.16

Basis of Presentation (Details

Basis of Presentation (Details Narrative)	3 Months Ended
	Dec. 31, 2017Number
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of full service financial center	8

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Earnings Per Share [Abstract]
Net Income	$ 403	$ 973
Weighted average shares outstanding	6,572,605	6,560,324
Average unearned ESOP shares	(127,341)	(141,741)
Basic weighted average shares outstanding	6,445,264	6,418,583
Plus: effect of dilutive options	5,249	429
Diluted weighted average common shares outstanding	6,450,513	6,419,012
Earnings per share:
Basic (in dollars per share)	$ 0.06	$ 0.15
Diluted (in dollars per share)	$ 0.06	$ 0.15

Earnings Per Share (Details Nar

Earnings Per Share (Details Narrative)	3 Months Ended
	Dec. 31, 2017shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Restricted shares issued	4,768
Employee Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stock options	4,664

Employee Stock Ownership Plan (

Employee Stock Ownership Plan (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		4 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Sep. 30, 2008
Employee Stock Ownership Plan (ESOP), Shares in ESOP [Abstract]
Employee stock ownership plan (ESOP), shares purchased			241,178
Employee stock ownership plan (ESOP), amount borrowed			$ 2,600
Average price of shares purchased (in dollars per share)			$ 10.86
Employee stock ownership plan (ESOP), debt structure, direct loan, description			The loan, which bears an interest rate of 5%, is being repaid in quarterly installments through 2026.
Committed to be released ESOP shares	3,600	3,600
Number of unallocated shares	125,565
Number of allocated shares held by the ESOP	133,653
Aggregate fair value of shares held by the ESOP	$ 3,300

Investment Securities (Details)

Investment Securities (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017
Investment Securities Available-for-Sale:
Amortized Cost	$ 44,867	$ 14,869
Gross Unrealized Gains	22	39
Gross Unrealized Losses	(386)	(321)
Fair value	44,503	14,587
Investment Securities Held-to-Maturity:
Amortized Cost	33,893	34,915
Gross Unrealized Gains	71	116
Gross Unrealized Losses	(673)	(465)
Fair Value	33,291	34,566
Total investment securities Amortized Cost	78,760	49,784
Total investment securities Gross Unrealized Gains	93	155
Total investment securities Gross Unrealized Losses	(1,059)	(786)
Total investment securities Fair Value	77,794	49,153
U. S. Government Agencies [Member]
Investment Securities Held-to-Maturity:
Amortized Cost	1,999	1,999
Gross Unrealized Gains
Gross Unrealized Losses	(19)	(8)
Fair Value	1,980	1,991
State And Municipal Obligations [Member]
Investment Securities Available-for-Sale:
Amortized Cost	6,982	6,992
Gross Unrealized Gains	22	39
Gross Unrealized Losses	(16)	(2)
Fair value	6,988	7,029
Investment Securities Held-to-Maturity:
Amortized Cost	9,510	9,574
Gross Unrealized Gains	34	89
Gross Unrealized Losses	(24)
Fair Value	9,520	9,663
Single Issuer Trust Preferred Security [Member]
Investment Securities Available-for-Sale:
Amortized Cost	1,000	1,000
Gross Unrealized Gains
Gross Unrealized Losses	(70)	(66)
Fair value	930	934
Corporate Debt Securities [Member]
Investment Securities Available-for-Sale:
Amortized Cost	6,622	6,627
Gross Unrealized Gains
Gross Unrealized Losses	(261)	(253)
Fair value	6,361	6,374
Investment Securities Held-to-Maturity:
Amortized Cost	3,792	3,818
Gross Unrealized Gains	37	26
Gross Unrealized Losses
Fair Value	3,829	3,844
Collateralized Mortgage Obligations [Member] | Fixed Rate [Member]
Investment Securities Held-to-Maturity:
Amortized Cost	18,592	19,524
Gross Unrealized Gains		1
Gross Unrealized Losses	(630)	(457)
Fair Value	17,962	19,068
Mutual Fund [Member]
Investment Securities Available-for-Sale:
Amortized Cost	250	250
Gross Unrealized Gains
Gross Unrealized Losses
Fair value	250	$ 250
U.S. Treasury Notes [Member]
Investment Securities Available-for-Sale:
Amortized Cost	30,013
Gross Unrealized Gains
Gross Unrealized Losses	(39)
Fair value	$ 29,974

Investment Securities (Details

Investment Securities (Details 1) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017
Investment Securities Available-for-Sale:
Less than 12 Months: Fair Value	$ 31,687
Less than 12 Months: Unrealized Losses	(51)
12 Months or longer: Fair Value	7,788	7,809
12 Months or longer: Unrealized Losses	(335)	(321)
Total: Fair Value	39,475	7,809
Total: Unrealized Losses	(386)	(321)
Investment Securities Held-to-Maturity:
Less than 12 Months: Fair Value	5,559
Less than 12 Months: Unrealized Losses	(24)
12 Months or longer: Fair Value	19,942	20,893
12 Months or longer: Unrealized Losses	(649)	(465)
Total: Fair Value	25,501	20,893
Total: Unrealized Losses	(673)	(465)
Total investment securities in an unrealized loss position less than 12 months fair value	37,246
Total investment securities in an unrealized loss position less than 12 months gross unrealized loss	(75)
Total investment securities in an unrealized loss position 12 months or more fair value	27,730	28,702
Total investment securities in an unrealized loss position 12 months or more gross unrealized loss	(984)	(786)
Total investment securities in an unrealized loss position fair value	64,976	28,702
Total investment securities in an unrealized loss position gross unrealized loss	(1,059)	(786)
U.S. Treasury Notes [Member]
Investment Securities Available-for-Sale:
Less than 12 Months: Fair Value	29,974
Less than 12 Months: Unrealized Losses	(39)
12 Months or longer: Fair Value
12 Months or longer: Unrealized Losses
Total: Fair Value	29,974
Total: Unrealized Losses	(39)
State And Municipal Obligations [Member]
Investment Securities Available-for-Sale:
Less than 12 Months: Fair Value	1,713
Less than 12 Months: Unrealized Losses	(12)
12 Months or longer: Fair Value	497	500
12 Months or longer: Unrealized Losses	(4)	(2)
Total: Fair Value	2,210	500
Total: Unrealized Losses	(16)	(2)
Investment Securities Held-to-Maturity:
Less than 12 Months: Fair Value	5,559
Less than 12 Months: Unrealized Losses	(24)
12 Months or longer: Fair Value		1,991
12 Months or longer: Unrealized Losses		(8)
Total: Fair Value	5,559	1,991
Total: Unrealized Losses	(24)	(8)
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	930	934
12 Months or longer: Unrealized Losses	(70)	(66)
Total: Fair Value	930	934
Total: Unrealized Losses	(70)	(66)
Corporate Debt Securities [Member]
Investment Securities Available-for-Sale:
Less than 12 Months: Fair Value
Less than 12 Months: Unrealized Losses
12 Months or longer: Fair Value	6,361	6,375
12 Months or longer: Unrealized Losses	(261)	(253)
Total: Fair Value	6,361	6,375
Total: Unrealized Losses	(261)	(253)
Collateralized Mortgage Obligations [Member] | Fixed Rate [Member]
Investment Securities Held-to-Maturity:
Less than 12 Months: Fair Value
Less than 12 Months: Unrealized Losses
12 Months or longer: Fair Value	17,962	18,902
12 Months or longer: Unrealized Losses	(630)	(457)
Total: Fair Value	17,962	18,902
Total: Unrealized Losses	(630)	(457)
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	1,980	1,991
12 Months or longer: Unrealized Losses	(19)	(8)
Total: Fair Value	1,980	1,991
Total: Unrealized Losses	$ (19)	$ (8)

Investment Securities (Detail36

Investment Securities (Details 2) - USD ($) $ in Thousands	Dec. 31, 2017	Sep. 30, 2017
Available for Sale, Amortized Cost:
Due in one year or less	$ 30,013
Due after one year through five years	4,449
Due after five years through ten years	8,950
Due after ten years	1,455
Available-for-sale Securities, Amortized Cost Basis, Total	44,867	$ 14,869
Available for Sale, Fair Value:
Due in one year or less	29,974
Due after one year through five years	4,442
Due after five years through ten years	8,702
Due after ten years	1,385
Available-for-sale Securities, Fair value, Total	44,503	14,587
Held-to-Maturity, Amortized Cost:
Due after one year through five years	1,999
Due after five years through ten years	6,231
Due after ten years	25,663
Held-to-maturity Securities, Amortized Cost, Total	33,893	34,915
Held-to-Maturity, Fair Value:
Due after one year through five years	1,980
Due after five years through ten years	6,285
Due after ten years	25,026
Held-to-maturity Securities, Fair Value, Total	33,291	34,566
Total investment securities Amortized Cost	78,760	49,784
Total investment securities Fair Value	$ 77,794	$ 49,153

Investment Securities (Detail37

Investment Securities (Details Narrative) - USD ($) $ in Thousands	Dec. 31, 2017	Sep. 30, 2017
Investments, Debt and Equity Securities [Abstract]
Fair value of available for sale securities trasferred	$ 9,100	$ 9,600
Investment securities deposits of carrying value	$ 6,000	$ 6,200

Investment Securities (Detail38

Investment Securities (Details Narrative 1)	Dec. 31, 2017Number
U.S. Treasury Notes [Member]
Schedule of Investments [Line Items]
Number of securities held in an unrealized loss position	3
U. S. Government Agencies [Member]
Schedule of Investments [Line Items]
Number of securities held in an unrealized loss position	2
State And Municipal Obligations [Member]
Schedule of Investments [Line Items]
Number of securities held in an unrealized loss position	8
Corporate Debt Securities [Member]
Schedule of Investments [Line Items]
Number of securities held in an unrealized loss position	3
Mortgage Backed Securities [Member]
Schedule of Investments [Line Items]
Number of securities held in an unrealized loss position	37
Single Issuer Trust Preferred Security [Member]
Schedule of Investments [Line Items]
Number of securities held in an unrealized loss position	1

Loans Receivable and Related 39

Loans Receivable and Related Allowance for Loan Losses (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Sep. 30, 2017	Dec. 31, 2016	Sep. 30, 2016
Financing Receivable, Impaired [Line Items]
Total loans	$ 814,577	$ 842,146	$ 673,691
Deferred loan fees and cost, net	624	590
Allowance for loan losses	(8,437)	(8,405)	(6,177)	$ (5,434)
Total loans receivable, net	806,764	834,331
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Total loans	186,831	192,500	205,668
Allowance for loan losses	(1,029)	(1,004)	(1,162)	(1,201)
Construction and Development - Residential and Commercial Receivables [Member]
Financing Receivable, Impaired [Line Items]
Total loans	34,627	35,622	28,296
Allowance for loan losses	(532)	(523)	(874)	(199)
Construction And Development - Land Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	18,599	18,377	10,117
Allowance for loan losses	(130)	(132)	(90)	(97)
Construction And Development Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	53,226	53,999
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Total loans	427,610	437,760	307,821
Allowance for loan losses	(4,260)	(3,581)	(2,215)	(1,874)
Total loans receivable, net	1,300
Commercial Farmland [Member]
Financing Receivable, Impaired [Line Items]
Total loans	1,711	1,723
Allowance for loan losses	(9)	(9)
Commercial Multi Family Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	32,716	39,768	19,805
Allowance for loan losses	(200)	(224)	(106)	(109)
Commercial - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	71,933	74,837	53,587
Allowance for loan losses	(449)	(541)	(208)	(158)
Commercial [Member]
Financing Receivable, Impaired [Line Items]
Total loans	533,970	554,088
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Total loans	16,811	16,509	19,729
Allowance for loan losses	(94)	(90)	(111)	(116)
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	21,304	22,480	26,971
Allowance for loan losses	(463)	(402)	(408)	(467)
Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	2,435	2,570	1,697
Allowance for loan losses	(30)	(27)	$ (28)	$ (34)
Consumer Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	$ 40,550	$ 41,559

Loans Receivable and Related 40

Loans Receivable and Related Allowance for Loan Losses (Details 1) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Sep. 30, 2017
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, Beginning Balance	$ 8,405	$ 5,434	$ 5,434
Charge-offs	(2)	(76)	(223)
Recoveries	34	159	403
Provision		660	2,791
Allowance for loan losses, Ending Balance	8,437	6,177	8,405
Allowance for loan losses: Ending balance: individually evaluated for impairment	313	50	237
Allowance for loan losses: Ending balance: collectively evaluated for impairment	8,124	6,127	8,168
Loans receivable	814,577	673,691	842,146
Loans receivable: Ending balance: individually evaluated for impairment	4,702	3,255	3,520
Loans Receivable: Ending balance: collectively evaluated for impairment	809,875	670,436	838,626
Residential Mortgage [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, Beginning Balance	1,004	1,201	1,201
Charge-offs
Recoveries	2		2
Provision	32	(39)	(199)
Allowance for loan losses, Ending Balance	1,029	1,162	1,004
Allowance for loan losses: Ending balance: individually evaluated for impairment
Allowance for loan losses: Ending balance: collectively evaluated for impairment	1,029	1,162	1,004
Loans receivable	186,831	205,668	192,500
Loans receivable: Ending balance: individually evaluated for impairment	2,438	2,104	2,262
Loans Receivable: Ending balance: collectively evaluated for impairment	184,393	203,564	190,238
Construction and Development - Residential and Commercial Receivables [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, Beginning Balance	523	199	199
Charge-offs
Recoveries		90	90
Provision	9	585	234
Allowance for loan losses, Ending Balance	532	874	523
Allowance for loan losses: Ending balance: individually evaluated for impairment
Allowance for loan losses: Ending balance: collectively evaluated for impairment	532	874	523
Loans receivable	34,627	28,296	35,622
Loans receivable: Ending balance: individually evaluated for impairment		109
Loans Receivable: Ending balance: collectively evaluated for impairment	34,627	28,187	35,622
Construction and Development - Land Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, Beginning Balance	132	97	97
Charge-offs
Recoveries
Provision	(2)	(7)	35
Allowance for loan losses, Ending Balance	130	90	132
Allowance for loan losses: Ending balance: individually evaluated for impairment
Allowance for loan losses: Ending balance: collectively evaluated for impairment	130	90	132
Loans receivable	18,599	10,117	18,377
Loans receivable: Ending balance: individually evaluated for impairment	89		94
Loans Receivable: Ending balance: collectively evaluated for impairment	18,510	10,117	18,283
Commercial Real Estate [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, Beginning Balance	3,581	1,874	1,874
Charge-offs
Recoveries	9	3	40
Provision	670	338	1,667
Allowance for loan losses, Ending Balance	4,260	2,215	3,581
Allowance for loan losses: Ending balance: individually evaluated for impairment	156
Allowance for loan losses: Ending balance: collectively evaluated for impairment	4,104	2,215	3,581
Loans receivable	427,610	307,821	437,760
Loans receivable: Ending balance: individually evaluated for impairment	1,347	760	555
Loans Receivable: Ending balance: collectively evaluated for impairment	426,263	307,061	437,205
Commercial Farmland [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, Beginning Balance	9
Charge-offs
Recoveries
Provision	3
Allowance for loan losses, Ending Balance	12		9
Allowance for loan losses: Ending balance: individually evaluated for impairment
Allowance for loan losses: Ending balance: collectively evaluated for impairment	12
Loans receivable	1,711
Loans receivable: Ending balance: individually evaluated for impairment
Loans Receivable: Ending balance: collectively evaluated for impairment	1,711
Commercial Multi Family Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, Beginning Balance	224	109	109
Charge-offs
Recoveries
Provision	(24)	(3)	115
Allowance for loan losses, Ending Balance	200	106	224
Allowance for loan losses: Ending balance: individually evaluated for impairment
Allowance for loan losses: Ending balance: collectively evaluated for impairment	200	106	224
Loans receivable	32,716	19,805	39,768
Loans receivable: Ending balance: individually evaluated for impairment
Loans Receivable: Ending balance: collectively evaluated for impairment	32,716	19,805	39,768
Commercial - Other Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, Beginning Balance	541	158	158
Charge-offs
Recoveries	1	5	9
Provision	(93)	45	374
Allowance for loan losses, Ending Balance	449	208	541
Allowance for loan losses: Ending balance: individually evaluated for impairment			109
Allowance for loan losses: Ending balance: collectively evaluated for impairment	449	208	432
Loans receivable	71,933	53,587	74,837
Loans receivable: Ending balance: individually evaluated for impairment	239		243
Loans Receivable: Ending balance: collectively evaluated for impairment	71,694	53,587	74,594
Consumer - Home Equity Lines of Credit [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, Beginning Balance	90	116	116
Charge-offs
Recoveries	1	1	18
Provision	3	(6)	(44)
Allowance for loan losses, Ending Balance	94	111	90
Allowance for loan losses: Ending balance: individually evaluated for impairment
Allowance for loan losses: Ending balance: collectively evaluated for impairment	94	111	90
Loans receivable	16,811	19,729	16,509
Loans receivable: Ending balance: individually evaluated for impairment	10	62	10
Loans Receivable: Ending balance: collectively evaluated for impairment	16,801	19,667	16,499
Consumer - Second Mortgages Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, Beginning Balance	402	467	467
Charge-offs		(71)	(218)
Recoveries	19	57	232
Provision	42	(45)	(79)
Allowance for loan losses, Ending Balance	463	408	402
Allowance for loan losses: Ending balance: individually evaluated for impairment	156	50	128
Allowance for loan losses: Ending balance: collectively evaluated for impairment	307	358	274
Loans receivable	21,304	26,971	22,480
Loans receivable: Ending balance: individually evaluated for impairment	578	220	356
Loans Receivable: Ending balance: collectively evaluated for impairment	20,726	26,751	22,124
Consumer - Other Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, Beginning Balance	27	34	34
Charge-offs	(2)	(5)	(5)
Recoveries	2	3	12
Provision	3	(4)	(14)
Allowance for loan losses, Ending Balance	30	28	27
Allowance for loan losses: Ending balance: individually evaluated for impairment	1
Allowance for loan losses: Ending balance: collectively evaluated for impairment	29	28	27
Loans receivable	2,435	1,697	2,570
Loans receivable: Ending balance: individually evaluated for impairment	1
Loans Receivable: Ending balance: collectively evaluated for impairment	2,434	1,697	2,570
Unallocated [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, Beginning Balance	1,872	1,179	1,179
Charge-offs
Recoveries
Provision	(634)	(204)	693
Allowance for loan losses, Ending Balance	1,238	975	1,872
Allowance for loan losses: Ending balance: individually evaluated for impairment
Allowance for loan losses: Ending balance: collectively evaluated for impairment	1,238	975	1,872
Commercial Farmland [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, Beginning Balance	9
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
Loans receivable	$ 1,711		1,723
Loans receivable: Ending balance: individually evaluated for impairment
Loans Receivable: Ending balance: collectively evaluated for impairment			$ 1,723

Loans Receivable and Related 41

Loans Receivable and Related Allowance for Loan Losses (Details 2) - USD ($) $ in Thousands	Dec. 31, 2017	Sep. 30, 2017
Financing Receivable, Impaired [Line Items]
Impaired Loans With Specific Allowance, Recorded Investment	$ 1,095	$ 374
Impaired Loans With Specific Allowance, Related Allowance	313	237
Impaired Loans With No Specific Allowance, Recorded Investment	3,607	3,146
Total Impaired Loans Recorded Investment	4,702	3,520
Total Impaired Loans Unpaid Principal Balance	4,859	3,667
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	2,438	2,262
Total Impaired Loans Recorded Investment	2,438	2,262
Total Impaired Loans Unpaid Principal Balance	2,561	2,379
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	89	94
Total Impaired Loans Recorded Investment	89	94
Total Impaired Loans Unpaid Principal Balance	89	94
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans With Specific Allowance, Recorded Investment	796
Impaired Loans With Specific Allowance, Related Allowance	156
Impaired Loans With No Specific Allowance, Recorded Investment	551	555
Total Impaired Loans Recorded Investment	1,347	555
Total Impaired Loans Unpaid Principal Balance	1,347	555
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	239
Total Impaired Loans Recorded Investment	239	243
Total Impaired Loans Unpaid Principal Balance	239	243
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	10
Total Impaired Loans Recorded Investment	10	10
Total Impaired Loans Unpaid Principal Balance	11	11
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans With Specific Allowance, Recorded Investment	298	131
Impaired Loans With Specific Allowance, Related Allowance	156	128
Impaired Loans With No Specific Allowance, Recorded Investment	280	225
Total Impaired Loans Recorded Investment	578	356
Total Impaired Loans Unpaid Principal Balance	611	$ 385
Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans With Specific Allowance, Recorded Investment	1
Impaired Loans With Specific Allowance, Related Allowance	1
Impaired Loans With No Specific Allowance, Recorded Investment
Total Impaired Loans Recorded Investment	1
Total Impaired Loans Unpaid Principal Balance	$ 1

Loans Receivable and Related 42

Loans Receivable and Related Allowance for Loan Losses (Details 3) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	$ 4,048	$ 4,004
Interest Income Recognized on Impaired Loans	24	25
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	2,390	1,997
Interest Income Recognized on Impaired Loans	12	20
Land [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	91
Interest Income Recognized on Impaired Loans	1
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	820	1,602
Interest Income Recognized on Impaired Loans	6	4
Commercial - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	241
Interest Income Recognized on Impaired Loans	3
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	10	70
Interest Income Recognized on Impaired Loans
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	495	226
Interest Income Recognized on Impaired Loans	2
Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	1
Interest Income Recognized on Impaired Loans
Construction and Development - Residential and Commercial Receivables [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans		109
Interest Income Recognized on Impaired Loans		$ 1

Loans Receivable and Related 43

Loans Receivable and Related Allowance for Loan Losses (Details 4) - USD ($) $ in Thousands	Dec. 31, 2017	Sep. 30, 2017	Dec. 31, 2016
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	$ 814,577	$ 842,146	$ 673,691
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	186,831	192,500	205,668
Construction and Development - Residential and Commercial Receivables [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	34,627	35,622	28,296
Construction And Development - Land Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	18,599	18,377	10,117
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	427,610	437,760	307,821
Commercial Farmland [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	1,711	1,723
Commercial Multi Family Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	32,716	39,768	19,805
Commercial - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	71,933	74,837	53,587
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	16,811	16,509	19,729
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	21,304	22,480	26,971
Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	2,435	2,570	$ 1,697
Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	798,845	825,731
Pass [Member] | Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	184,093	189,925
Pass [Member] | Construction and Development - Residential and Commercial Receivables [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	34,627	35,622
Pass [Member] | Construction And Development - Land Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	14,090	13,207
Pass [Member] | Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	421,647	431,336
Pass [Member] | Commercial Farmland [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	1,711	1,723
Pass [Member] | Commercial Multi Family Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	32,363	39,410
Pass [Member] | Commercial - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	71,003	73,935
Pass [Member] | Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	16,667	16,399
Pass [Member] | Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	20,215	21,611
Pass [Member] | Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	2,429	2,563
Special Mention [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	3,844	5,046
Special Mention [Member] | Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	112	114
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	3,220	4,456
Special Mention [Member] | Commercial Farmland [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross
Special Mention [Member] | Commercial Multi Family Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	353	358
Special Mention [Member] | Commercial - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	45
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	109	112
Special Mention [Member] | Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	5	6
Substandard [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	11,888	11,369
Substandard [Member] | Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	2,626	2,461
Substandard [Member] | Construction and Development - Residential and Commercial Receivables [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross
Substandard [Member] | Construction And Development - Land Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	4,509	5,170
Substandard [Member] | Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	2,743	1,968
Substandard [Member] | Commercial Farmland [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross
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	885	902
Substandard [Member] | Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	144	110
Substandard [Member] | Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	980	757
Substandard [Member] | Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	1	1
Doubtful [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross
Doubtful [Member] | Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross
Doubtful [Member] | Construction and Development - Residential and Commercial Receivables [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross
Doubtful [Member] | Construction And Development - Land Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross
Doubtful [Member] | Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross
Doubtful [Member] | Commercial Farmland [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross
Doubtful [Member] | Commercial Multi Family Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross
Doubtful [Member] | Commercial - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross
Doubtful [Member] | Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross
Doubtful [Member] | Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross
Doubtful [Member] | Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross

Loans Receivable and Related 44

Loans Receivable and Related Allowance for Loan Losses (Details 5) - USD ($) $ in Thousands	Dec. 31, 2017	Sep. 30, 2017
Financing Receivable, Impaired [Line Items]
Total non-accrual loans	$ 2,241	$ 1,038
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Total non-accrual loans	1,048	826
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Total non-accrual loans	796
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Total non-accrual loans	10	10
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total non-accrual loans	$ 387	$ 202

Loans Receivable and Related 45

Loans Receivable and Related Allowance for Loan Losses (Details 6) - USD ($) $ in Thousands	Dec. 31, 2017	Sep. 30, 2017	Dec. 31, 2016
Financing Receivable, Impaired [Line Items]
Current	$ 807,382	$ 836,269
Past Due	7,195	5,877
Total Loans Receivable	814,577	842,146	$ 673,691
Accruing 90 Days or More Past Due	345	173
30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	2,452	2,803
60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	2,626	2,161
Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	2,117	913
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Current	181,911	189,272
Past Due	4,920	3,228
Total Loans Receivable	186,831	192,500	205,668
Accruing 90 Days or More Past Due	300	31
Residential Mortgage [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	1,462	1,442
Residential Mortgage [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	2,471	1,145
Residential Mortgage [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	987	641
Construction and Development - Residential and Commercial Receivables [Member]
Financing Receivable, Impaired [Line Items]
Current	34,627	35,622
Past Due
Total Loans Receivable	34,627	35,622	28,296
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	18,599	18,377
Past Due
Total Loans Receivable	18,599	18,377	10,117
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	426,814	436,804
Past Due	796	956
Total Loans Receivable	427,610	437,760	307,821
Accruing 90 Days or More Past Due
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	796
Commercial Farmland [Member]
Financing Receivable, Impaired [Line Items]
Current	1,711	1,723
Past Due
Total Loans Receivable	1,711	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
Commercial Multi Family Receivable [Member]
Financing Receivable, Impaired [Line Items]
Current	32,716	39,768
Past Due
Total Loans Receivable	32,716	39,768	19,805
Accruing 90 Days or More Past Due
Commercial Multi Family Receivable [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due
Commercial Multi Family Receivable [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due
Commercial Multi Family Receivable [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due
Commercial - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Current	71,888	74,837
Past Due	45
Total Loans Receivable	71,933	74,837	53,587
Accruing 90 Days or More Past Due	45
Commercial - Other Receivable [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due
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	45
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Current	16,629	16,122
Past Due	182	387
Total Loans Receivable	16,811	16,509	19,729
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	88	350
Consumer - Home Equity Lines of Credit [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	94	37
Consumer - Home Equity Lines of Credit [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Current	20,073	21,183
Past Due	1,231	1,297
Total Loans Receivable	21,304	22,480	26,971
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	882	844
Consumer - Second Mortgages Receivable [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	60	182
Consumer - Second Mortgages Receivable [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	289	271
Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Current	2,414	2,561
Past Due	21	9
Total Loans Receivable	2,435	2,570	$ 1,697
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	20	7
Consumer - Other Receivable [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	1	1
Consumer - Other Receivable [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due		$ 1

Loans Receivable and Related 46

Loans Receivable and Related Allowance for Loan Losses (Details 7) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2017USD ($)Number	Sep. 30, 2017USD ($)Number
Total Troubled Debt Restructurings, Number of Loans | Number	12	12
Total Troubled Debt Restructurings, Recorded Investment | $	$ 2,242	$ 2,260
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 | $	$ 20	$ 22
Residential Mortgage [Member]
Total Troubled Debt Restructurings, Number of Loans | Number	6	6
Total Troubled Debt Restructurings, Recorded Investment | $	$ 1,457	$ 1,464
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 - Residential and Commercial Receivables [Member]
Total Troubled Debt Restructurings, Number of Loans | Number
Total Troubled Debt Restructurings, Recorded Investment | $
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	1
Total Troubled Debt Restructurings, Recorded Investment | $	$ 89	$ 94
Commercial Real Estate [Member]
Total Troubled Debt Restructurings, Number of Loans | Number	2	2
Total Troubled Debt Restructurings, Recorded Investment | $	$ 551	$ 554
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 | $
Consumer - Second Mortgages Receivable [Member]
Total Troubled Debt Restructurings, Number of Loans | Number	3	3
Total Troubled Debt Restructurings, Recorded Investment | $	$ 145	$ 148
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 | $	$ 20	$ 22

Loans Receivable and Related 47

Loans Receivable and Related Allowance for Loan Losses (Details 8) - USD ($) $ in Thousands	Dec. 31, 2017	Sep. 30, 2017
Recorded Investment	$ 2,242	$ 2,260
Performing Financing Receivable [Member]
Recorded Investment	2,222	2,238
Nonperforming Financing Receivable [Member]
Recorded Investment	20	22
Residential Mortgage [Member]
Recorded Investment	1,457	1,464
Residential Mortgage [Member] | Performing Financing Receivable [Member]
Recorded Investment	1,457	1,464
Residential Mortgage [Member] | Nonperforming Financing Receivable [Member]
Recorded Investment	139
Construction and Development - Residential and Commercial Receivables [Member]
Recorded Investment
Construction and Development - Residential and Commercial Receivables [Member] | Performing Financing Receivable [Member]
Recorded Investment
Construction and Development - Residential and Commercial Receivables [Member] | Nonperforming Financing Receivable [Member]
Recorded Investment
Construction And Development - Land Receivable [Member]
Recorded Investment	89	94
Construction And Development - Land Receivable [Member] | Performing Financing Receivable [Member]
Recorded Investment	89	94
Construction And Development - Land Receivable [Member] | Nonperforming Financing Receivable [Member]
Recorded Investment
Commercial Real Estate [Member]
Recorded Investment	551	554
Commercial Real Estate [Member] | Performing Financing Receivable [Member]
Recorded Investment	551	554
Commercial Real Estate [Member] | Nonperforming Financing Receivable [Member]
Recorded Investment
Consumer - Second Mortgages Receivable [Member]
Recorded Investment	145	148
Consumer - Second Mortgages Receivable [Member] | Performing Financing Receivable [Member]
Recorded Investment	125	126
Consumer - Second Mortgages Receivable [Member] | Nonperforming Financing Receivable [Member]
Recorded Investment	$ 20	$ 22

Loans Receivable and Related 48

Loans Receivable and Related Allowance for Loan Losses (Details 9) $ in Thousands	3 Months Ended
	Dec. 31, 2017USD ($)Number	Dec. 31, 2016USD ($)Number
Financing Receivable, Impaired [Line Items]
Number of loans | Number		3
Pre-Modifications Outstanding Recorded Investments		$ 760
Post-Modifications Outstanding Recorded Investments		$ 760
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Number of loans | Number		3
Pre-Modifications Outstanding Recorded Investments		$ 760
Post-Modifications Outstanding Recorded Investments		$ 760

Loans Receivable and Related 49

Loans Receivable and Related Allowance for Loan Losses (Details Narrative) $ in Thousands	3 Months Ended		12 Months Ended
	Dec. 31, 2017USD ($)Number	Dec. 31, 2016USD ($)	Sep. 30, 2017USD ($)Number
Non accrual loans interest income	$ 10	$ 10
Number of loans | Number	12		12
Recorded Investment	$ 2,242		$ 2,260
Loans past due 90 days or more and still accruing interest	$ 345		$ 173
Mortgage Servicing Rights [Member]
Loan servicing rights, discount rate	12.00%		11.00%
Construction and Development - Residential and Commercial Receivables [Member]
Number of loans | Number
Recorded Investment
Real estate through foreclosure	$ 252		$ 252
Loans past due 90 days or more and still accruing interest

Regulatory Matters (Details)

Regulatory Matters (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Sep. 30, 2017	Jan. 01, 2016	Jan. 01, 2015
Parent Company [Member]
Capital (to adjusted tangible assets): Actual Amount	$ 102,952	$ 100,779
Common equity Tier 1(to risk-weighted assets): Actual Amount	102,952	100,779
Tier 1 Capital (to risk-weighted assets): Actual Amount	102,952	100,779
Total Capital (to risk-weighted assets): Actual Amount	$ 135,794	$ 133,549
Capital (to adjusted tangible assets): Actual Ratio	9.64%	10.00%
Common equity Tier 1(to risk-weighted assets): Actual Ratio	12.89%	12.28%
Tier 1 Capital (to risk-weighted assets): Actual Ratio	12.89%	12.28%
Total Capital (to risk-weighted assets): Actual Ratio	17.00%	16.27%
Capital (to adjusted tangible assets): For Capital Adequacy Purposes Amount	$ 42,720	$ 40,315
Common equity Tier 1(to risk-weighted assets): For Capital Adequacy Purposes Amount	35,944	36,945
Tier 1 Capital (to risk-weighted assets): For Capital Adequacy Purposes Amount	47,925	49,260
Total Capital (to risk-weighted assets): For Capital Adequacy Purposes Amount	$ 63,900	$ 65,679
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
Common equity Tier 1(to risk-weighted assets): To be Well Capitalized under Prompt Corrective Action Provisions Capital Amount
Tier 1 Capital (to risk-weighted assets): To be Well Capitalized under Prompt Corrective Action Provisions Capital Amount
Total Capital (to risk-weighted assets): To be Well Capitalized under Prompt Corrective Action Provisions Capital Amount
Capital (to adjusted tangible assets): To be Well Capitalized under Prompt Corrective Action Provisions Ratio
Common equity Tier 1(to risk-weighted assets): To be Well Capitalized under Prompt Corrective Action Provisions Ratio
Tier 1 Capital (to risk-weighted assets): To be Well Capitalized under Prompt Corrective Action Provisions Ratio
Total Capital (to risk-weighted assets): To be Well Capitalized under Prompt Corrective Action Provisions Ratio
Malvern Federal Savings Bank [Member]
Capital (to adjusted tangible assets): Actual Amount	$ 123,508	$ 120,902
Common equity Tier 1(to risk-weighted assets): Actual Amount	123,508	120,902
Tier 1 Capital (to risk-weighted assets): Actual Amount	123,508	120,902
Total Capital (to risk-weighted assets): Actual Amount	$ 132,007	$ 129,369
Capital (to adjusted tangible assets): Actual Ratio	11.57%	12.02%
Common equity Tier 1(to risk-weighted assets): Actual Ratio	15.48%	14.75%
Tier 1 Capital (to risk-weighted assets): Actual Ratio	15.48%	14.75%
Total Capital (to risk-weighted assets): Actual Ratio	16.54%	15.78%	10.50%
Capital (to adjusted tangible assets): For Capital Adequacy Purposes Amount	$ 42,695	$ 40,234
Common equity Tier 1(to risk-weighted assets): For Capital Adequacy Purposes Amount	35,908	36,894
Tier 1 Capital (to risk-weighted assets): For Capital Adequacy Purposes Amount	47,878	49,192
Total Capital (to risk-weighted assets): For Capital Adequacy Purposes Amount	$ 63,837	$ 65,590
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	$ 53,368	$ 50,292
Common equity Tier 1(to risk-weighted assets): To be Well Capitalized under Prompt Corrective Action Provisions Capital Amount	51,868	53,292
Tier 1 Capital (to risk-weighted assets): To be Well Capitalized under Prompt Corrective Action Provisions Capital Amount	63,837	65,590
Total Capital (to risk-weighted assets): To be Well Capitalized under Prompt Corrective Action Provisions Capital Amount	$ 79,797	$ 81,987
Capital (to adjusted tangible assets): To be Well Capitalized under Prompt Corrective Action Provisions Ratio	5.00%	5.00%
Common equity Tier 1(to risk-weighted assets): To be Well Capitalized under Prompt Corrective Action Provisions Ratio	6.50%	6.50%
Tier 1 Capital (to risk-weighted assets): To be Well Capitalized under Prompt Corrective Action Provisions Ratio	8.00%	8.00%
Total Capital (to risk-weighted assets): To be Well Capitalized under Prompt Corrective Action Provisions Ratio	10.00%	10.00%

Regulatory Matters (Details Nar

Regulatory Matters (Details Narrative) - Malvern Federal Savings Bank [Member]	Dec. 31, 2017	Sep. 30, 2017	Jan. 01, 2016	Jan. 01, 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	16.54%	15.78%	10.50%
Capital conservation buffer percentage of risk-weighted assets			0.625%

Derivatives and Hedging Activ52

Derivatives and Hedging Activities (Details) - Other Liabilities [Member] - Designated as Hedging Instrument [Member] - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017
Interest Rate Swap Due On August 3, 2020 [Member]
Notional Amount	$ 15,000	$ 15,000
Fair Value	$ 117	$ 9
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	$ 502	$ 367
Expiration Date	Feb. 1, 2021	Feb. 1, 2021
Effective Date	Feb. 5, 2016	Feb. 5, 2016

Derivatives and Hedging Activ53

Derivatives and Hedging Activities (Details 1) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Interest Rate Swap Due On August 3, 2020 [Member]
Derivative [Line Items]
Amount of Gain (Loss) Recognized in OCI (Effective Portion)	$ 91	$ 338
Amount of Gain (Loss) Reclassified from OCI to Interest Expense	(16)	(36)
Amount of Gain (Loss) Recognized in Other Non-Interest Income (Ineffective Portion)
Interest Rate Swap Due On February 1, 2021 [Member]
Derivative [Line Items]
Amount of Gain (Loss) Recognized in OCI (Effective Portion)	139	548
Amount of Gain (Loss) Reclassified from OCI to Interest Expense	3	(23)
Amount of Gain (Loss) Recognized in Other Non-Interest Income (Ineffective Portion)

Derivatives and Hedging Activ54

Derivatives and Hedging Activities (Details Narrative) - Interest Rate Swap [Member] - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2017	Sep. 30, 2017
Derivative [Line Items]
Estimated interest expense	$ 121
Derivatives net liability position	0	$ 0
Derivatives minimum collateral posting thresholds	$ 0	$ 0

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	Dec. 31, 2017	Sep. 30, 2017
Assets
Investment securities available for sale, at fair value	$ 44,503	$ 14,587
State and municipal obligations [Member]
Assets
Investment securities available for sale, at fair value	6,988	7,029
Single Issuer Trust Preferred Security [Member]
Assets
Investment securities available for sale, at fair value	930	934
Corporate Debt Securities [Member]
Assets
Investment securities available for sale, at fair value	6,361	6,374
Mutual Funds [Member]
Assets
Investment securities available for sale, at fair value	250	250
U.S. Treasury Notes [Member]
Assets
Investment securities available for sale, at fair value	29,974
Fair Value, Measurements, Recurring [Member]
Assets
Investment securities available for sale, at fair value	44,503	14,587
Derivative instruments	619	376
Fair Value, Measurements, Recurring [Member] | State and municipal obligations [Member]
Assets
Investment securities available for sale, at fair value	6,988	7,029
Fair Value, Measurements, Recurring [Member] | Single Issuer Trust Preferred Security [Member]
Assets
Investment securities available for sale, at fair value	930	934
Fair Value, Measurements, Recurring [Member] | Corporate Debt Securities [Member]
Assets
Investment securities available for sale, at fair value	6,361	6,374
Fair Value, Measurements, Recurring [Member] | Mutual Funds [Member]
Assets
Investment securities available for sale, at fair value	250	250
Fair Value, Measurements, Recurring [Member] | U.S. Treasury Notes [Member]
Assets
Investment securities available for sale, at fair value	29,974
Fair Value, Inputs, Level 1 [Member]
Assets
Investment securities available for sale, at fair value	29,974
Derivative instruments
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member]
Assets
Investment securities available for sale, at fair value	29,974
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 1 [Member] | Fair Value, Measurements, Recurring [Member] | U.S. Treasury Notes [Member]
Assets
Investment securities available for sale, at fair value	29,974
Fair Value, Inputs, Level 2 [Member]
Assets
Investment securities available for sale, at fair value	14,279	14,337
Derivative instruments	24,342	24,303
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member]
Assets
Investment securities available for sale, at fair value	14,279	14,337
Derivative instruments	619	376
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	6,988	7,029
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	930	934
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Corporate Debt Securities [Member]
Assets
Investment securities available for sale, at fair value	6,361	6,374
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 2 [Member] | Fair Value, Measurements, Recurring [Member] | U.S. Treasury Notes [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	250
Derivative instruments
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member]
Assets
Investment securities available for sale, at fair value	250	250
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	$ 250
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | U.S. Treasury Notes [Member]
Assets
Investment securities available for sale, at fair value

Fair Value Measurements (Deta56

Fair Value Measurements (Details 1) - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Thousands	Dec. 31, 2017		Sep. 30, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value, nonrecurring basis	$ 782		$ 137
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	782		137
Impaired Loans Net [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value, nonrecurring basis	782	[1]	137	[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	$ 782	[1]	$ 137	[2]
[1]	At December 31, 2017, consisted of eight loans with an aggregate balance of $1.1 million and with $313,000 in specific loan loss allowance.
[2]	At September 30, 2017, consisted of five loans with an aggregate balance of $374,000 and with $237,000 in specific loan loss allowance.

Fair Value Measurements (Deta57

Fair Value Measurements (Details 2) - USD ($) $ in Thousands	Dec. 31, 2017	Sep. 30, 2017
Financial assets:
Investment securities available-for-sale	$ 44,503	$ 14,587
Investment securities held-to-maturity, fair value	33,291	34,566
Carrying Amount [Member]
Financial assets:
Cash and cash equivalents	128,642	117,136
Investment securities available-for-sale	44,503	14,587
Investment securities held-to-maturity, fair value	33,893	34,915
Loans receivable, net (including impaired loans)	806,764	834,331
Accrued interest receivable	3,344	3,139
Restricted stock	5,930	5,559
Mortgage servicing rights (included in Other Assets)	255	268
Derivatives	619	376
Financial liabilities:
Savings accounts	41,631	44,526
Checking and NOW accounts	207,034	197,700
Money market accounts	293,674	276,404
Certificates of deposit	254,760	271,766
Borrowings(excluding sub debt)	123,000	123,000
Subordinated debt	24,342	24,303
Accrued interest payable	1,099	694
Fair Value [Member]
Financial assets:
Cash and cash equivalents	128,642	117,136
Investment securities available-for-sale	44,503	14,587
Investment securities held-to-maturity, fair value	33,291	34,566
Loans receivable, net (including impaired loans)	806,529	839,242
Accrued interest receivable	3,344	3,139
Restricted stock	5,930	5,559
Mortgage servicing rights (included in Other Assets)	264	271
Derivatives	619	376
Financial liabilities:
Savings accounts	41,631	44,526
Checking and NOW accounts	207,034	197,700
Money market accounts	293,674	276,404
Certificates of deposit	257,153	273,723
Borrowings(excluding sub debt)	123,155	123,658
Subordinated debt	24,342	24,303
Accrued interest payable	1,099	694
Fair Value, Inputs, Level 1 [Member]
Financial assets:
Cash and cash equivalents	128,642	117,136
Investment securities available-for-sale	29,974
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	14,279	14,337
Investment securities held-to-maturity, fair value	33,291	34,566
Loans receivable, net (including impaired loans)
Accrued interest receivable	3,344	3,139
Restricted stock	5,930	5,559
Mortgage servicing rights (included in Other Assets)	264	271
Derivatives	619	376
Financial liabilities:
Savings accounts	41,631	44,526
Checking and NOW accounts	207,034	197,700
Money market accounts	293,674	276,404
Certificates of deposit	257,153	273,723
Borrowings(excluding sub debt)	123,155	123,658
Subordinated debt	24,342	24,303
Accrued interest payable	1,099	694
Fair Value, Inputs, Level 3 [Member]
Financial assets:
Cash and cash equivalents
Investment securities available-for-sale	250	250
Investment securities held-to-maturity, fair value
Loans receivable, net (including impaired loans)	806,529	839,242
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 (Deta58

Fair Value Measurements (Details Narrative) - USD ($) $ in Thousands	Dec. 31, 2017	Sep. 30, 2017
Impaired Loans with aggregate balance	$ 1,095	$ 374
Impaired Loans with specific loan loss allowance	313	237
Investment securities available for sale, at fair value	44,503	14,587
Fair Value, Inputs, Level 1 [Member]
Investment securities available for sale, at fair value	29,974
Fair Value, Inputs, Level 3 [Member]
Investment securities available for sale, at fair value	250	250
Fair Value, Measurements, Recurring [Member]
Investment securities available for sale, at fair value	44,503	14,587
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Investment securities available for sale, at fair value	29,974
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Investment securities available for sale, at fair value	$ 250	$ 250

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Income tax provision calculated at blended federal tax rate (24.5%)	$ 878
State income tax provision	170
Income tax provision due to re-measurement of DTAs/DTLs	2,206
Other	(35)
Total	$ 3,219	$ 489

Income Taxes (Details Narrative

Income Taxes (Details Narrative) $ in Thousands	3 Months Ended
	Dec. 31, 2017USD ($)
Federal statutory rate	24.50%
Increase in income tax	$ 2,000
Reduced corporate income tax rate	32300.00%
Increase in deferred tax	$ 2,300
Minimum [Member]
Federal statutory rate	21.00%
Maximum [Member]
Federal statutory rate	35.00%

Comprehensive Income (Loss) (De

Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2017	Sep. 30, 2016
Equity [Abstract]
Net unrealized holding (losses) gains on available-for-sale securities	$ (364)	$ (282)
Tax effect	121	96
Net of tax amount	(243)	(186)
Fair value adjustments on derivatives	619	376
Tax effect	(152)	(128)
Net of tax amount	467	248
Total accumulated other comprehensive income	$ 224	$ 62

Comprehensive Income (Loss) (62

Comprehensive Income (Loss) (Details 1) - USD ($) $ in Thousands		3 Months Ended
		Dec. 31, 2017	Dec. 31, 2016
Equity [Abstract]
Net unrealized holding (losses) gains on available-for-sale securities		$ (83)	$ (1,098)
Net realized gain on securities available-for-sale
Amortization of unrealized holding losses on securities available-for-sale transferred to held-to-maturity	[1]	2	4
Fair value adjustments on derivatives		242	945
Other comprehensive income (loss) before taxes		161	(149)
Tax effect		1	52
Total comprehensive income (loss)		$ 162	$ (97)
[1]	Amounts are included in interest and dividends on investment securities on the Consolidated Statements of Operations.

Equity Based Incentive Compen63

Equity Based Incentive Compensation Plan (Details) - Malvern Bancorp, Inc. 2014 Long Term Incentive Compensation Plan (2014 Plan) [Member] - Stock Option [Member] - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding, beginning of year	11,000
Granted	4,664	0
Exercised
Forfeited/cancelled/expired
Outstanding, end of year	15,664
Exercisable, end of the period	800
Nonested, end of year	14,864
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward]
Outstanding, beginning of year	$ 19.19
Granted	26.20
Exercised
Forfeited/cancelled/expired
Outstanding, end of year	21.28
Vested and exercisable, end of the period	16.02
Vested and expected to vest, end of year	$ 21.28
Share-based Compensation Arrangement by Share-based Payment Award, Options, Weighted Average Remaining Contractual Life [Roll Forward]
Outstanding, end of year	9 years 2 months 15 days
Vested and exercisable, end of the period	8 years 2 months 29 days
Vested and expected to vest, end of year	9 years 2 months 15 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Aggregate Intrinsic Value [Roll Forward]
Outstanding, beginning of year	$ 83,170
Granted
Exercised
Forfeited/cancelled/expired
Outstanding, end of year	77,120
Vested and exercisable, end of the period	8,144
Vested and expected to vest, end of year	$ 77,120

Equity Based Incentive Compen64

Equity Based Incentive Compensation Plan (Details 1) - Malvern Bancorp, Inc. 2014 Long Term Incentive Compensation Plan (2014 Plan) [Member] - Restricted Stock [Member]	3 Months Ended
	Dec. 31, 2017$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Outstanding at beginning of year | shares	10,711
Granted | shares	4,768
Vested | shares	(337)
Forfeited/cancelled/expired | shares
Outstanding at end of year | shares	15,142
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Outstanding at beginning of year | $ / shares	$ 20.36
Granted | $ / shares	26.20
Vested | $ / shares	17.40
Forfeited/cancelled/expired | $ / shares
Outstanding at end of year | $ / shares	$ 22.16

Equity Based Incentive Compen65

Equity Based Incentive Compensation Plan (Details Narrative) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Share-based compensation	$ 15	$ 2
Malvern Bancorp, Inc. 2014 Long Term Incentive Compensation Plan (2014 Plan) [Member]
Maximum number of shares available for grants	400,000
Number of remaining shares available for future grants	365,357
Recognized weighted average period	4 years 4 months 20 days
Malvern Bancorp, Inc. 2014 Long Term Incentive Compensation Plan (2014 Plan) [Member] | Stock Option [Member]
Share-based compensation	$ 4	$ 1
Compensation Not yet Recognized	$ 91
Granted shares	4,664	0
Malvern Bancorp, Inc. 2014 Long Term Incentive Compensation Plan (2014 Plan) [Member] | Restricted Stock [Member]
Description of vesting right	Restricted stock and option awards granted vest in 20% increments beginning on the one year anniversary of the grant date.
Share-based compensation	$ 11	$ 1
Forfeited shares
Compensation cost not yet recognized	$ 304
Weighted average period	4 years 5 months 8 days
Granted shares	4,768	0