Malvern Bancorp (MLVF) 10-Q10 May 182018 Q2 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Mar. 31, 2018	May 10, 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	Mar. 31, 2018
Amendment Flag	false
Current Fiscal Year End Date	--09-30
Entity a Well-known Seasoned Issuer	No
Entity a Voluntary Filer	No
Entity's Reporting Status Current	Yes
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		6,572,684
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2,018

CONSOLIDATED STATEMENTS OF FINA

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2018	Sep. 30, 2017
Assets
Cash and due from depository institutions	$ 1,566	$ 1,615
Interest bearing deposits in depository institutions	120,144	115,521
Cash and Cash Equivalents	121,710	117,136
Investment securities available for sale, at fair value (amortized cost of $44.8 million and $14.9 million at March 31, 2018 and September 30, 2017, respectively)	44,341	14,587
Investment securities held to maturity, at cost (fair value of $32.1 million and $34.6 million at March 31, 2018 and September 30, 2017, respectively)	33,052	34,915
Restricted stock, at cost	8,583	5,559
Loans receivable, net of allowance for loan losses of $8.5 million and $8.4 million, respectively	837,314	834,331
Accrued interest receivable	3,583	3,139
Property and equipment, net	7,357	7,507
Deferred income taxes, net	3,713	6,671
Bank-owned life insurance	19,163	18,923
Other assets	4,500	3,244
Total Assets	1,083,316	1,046,012
Deposits:
Deposits-noninterest-bearing	38,444	42,121
Deposits-interest-bearing	787,125	748,275
Total Deposits	825,569	790,396
FHLB advances	118,000	118,000
Other short-term borrowings	2,500	5,000
Subordinated debt	24,382	24,303
Advances from borrowers for taxes and insurance	2,463	1,553
Accrued interest payable	713	694
Other liabilities	4,327	3,546
Total Liabilities	977,954	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, 50,000,000 shares authorized, issued and outstanding: 6,572,684 shares at March 31, 2018 and September 30, 2017	66	66
Additional paid-in-capital	60,886	60,736
Retained earnings	45,536	43,139
Unearned Employee Stock Ownership Plan (ESOP) shares	(1,411)	(1,483)
Accumulated other comprehensive income	285	62
Total Shareholders' Equity	105,362	102,520
Total Liabilities and Shareholders' Equity	$ 1,083,316	$ 1,046,012

CONSOLIDATED STATEMENTS OF FIN3

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2018	Sep. 30, 2017
Statement of Financial Position [Abstract]
Investment securities available for sale, fair value	$ 44,800	$ 14,900
Investment securities held to maturity, fair value	32,094	34,566
Allowance for loan losses	$ 8,465	$ 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	50,000,000	50,000,000
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		6 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Interest and Dividend Income
Loans, including fees	$ 8,740	$ 7,367	$ 17,441	$ 13,680
Investment securities, taxable	302	470	532	942
Investment securities, tax-exempt	65	159	130	322
Dividends, restricted stock	134	64	203	128
Interest-bearing cash accounts	463	115	909	208
Total Interest and Dividend Income	9,704	8,175	19,215	15,280
Interest Expense
Deposits	2,182	1,424	4,337	2,748
Short-term borrowings	22	11	41	11
Long-term borrowings	546	528	1,109	1,070
Subordinated debt	386	221	778	221
Total Interest Expense	3,136	2,184	6,265	4,050
Net interest income	6,568	5,991	12,950	11,230
Provision for Loan Losses	240	997	240	1,657
Net Interest Income after Provision for Loan Losses	6,328	4,994	12,710	9,573
Other Income
Service charges and other fees	237	274	508	497
Rental income-other	67	55	133	110
Net gains on sales of investments		58		58
Net gains on sale of real estate			1,186
Net gains on sale of loans	26	30	93	75
Earnings on bank-owned life insurance	119	125	240	255
Total Other Income	449	542	2,160	995
Other Expense
Salaries and employee benefits	2,001	1,804	3,991	3,516
Occupancy expense	586	514	1,148	1,008
Federal deposit insurance premium	75	91	151	95
Advertising	38	73	92	124
Data processing	267	301	545	603
Professional fees	450	399	1,238	800
Other operating expenses	688	596	1,411	1,202
Total Other Expense	4,105	3,778	8,576	7,348
Income before income tax expense	2,672	1,758	6,294	3,220
Income tax expense	654	588	3,873	1,077
Net Income	$ 2,018	$ 1,170	$ 2,421	$ 2,143
Earnings Per Common Share:
Basic (in dollars per share)	$ 0.31	$ 0.18	$ 0.38	$ 0.33
Diluted (in dollars per share)	$ 0.31	$ 0.18	$ 0.38	$ 0.33
Weighted Average Common Shares Outstanding:
Basic (in shares)	6,448,691	6,427,309	6,446,959	6,422,899
Diluted (in shares)	6,452,246	6,427,932	6,451,205	6,423,269
Dividends Declared Per Share (in dollars per share)

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Income Statement [Abstract]
Net Income		$ 2,018	$ 1,170	$ 2,421	$ 2,143
Other Comprehensive Income, Net of Tax:
Unrealized holding gains (losses) on available-for-sale securities		(136)	352	(219)	(745)
Tax effect		3	(120)	28	253
Net of tax amount		(133)	232	(191)	(492)
Reclassification adjustment for net gains arising during the period	[1]		(58)		(58)
Tax effect			20		20
Net of tax amount			(38)		(38)
Accretion of unrealized holding losses on securities transferred from available-for-sale to held-to-maturity	[2]	4	2	6	6
Tax effect		(1)	(1)	(2)	(2)
Net of tax amount		3	1	4	4
Fair value adjustments on derivatives		253	74	495	1,019
Tax effect		(86)	(26)	(109)	(347)
Net of tax amount		167	48	386	672
Total other comprehensive income		37	243	199	146
Total comprehensive income		$ 2,055	$ 1,413	$ 2,620	$ 2,289

[1]	Amounts are included in net gains on sales of investments, net on the Consolidated Statements of Operations in total other income.
[2]	Amounts are included in interest and dividends on investment securities on the Consolidated Statements of Operations.

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) - USD ($) $ in Thousands		Common Stock [Member]	Additional Paid-In Capital [Member]	Retained Earnings [Member]	Unearned ESOP Shares [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Total
Balance at beginning at Sep. 30, 2016		$ 66	$ 60,461	$ 37,322	$ (1,629)	$ (63)	$ 96,157
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income				2,143			2,143
Other comprehensive income						146	146
Committed to be released ESOP shares (3,600 shares)			71		73		144
Stock based compensation			4				4
Balance at ending at Mar. 31, 2017		66	60,536	39,465	(1,556)	83	98,594
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				2,421			2,421
Impact of adoption of new accounting standard	[1]			(24)		24
Other comprehensive income						199	199
Committed to be released ESOP shares (3,600 shares)			112		72		184
Stock based compensation			38				38
Balance at ending at Mar. 31, 2018		$ 66	$ 60,886	$ 45,536	$ (1,411)	$ 285	$ 105,362

[1]	Represents the impact of adopting ASU 2018-02. See Note 2 to the consolidated financial statements for more information.

CONSOLIDATED STATEMENTS OF CHA7

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) (Parenthetical) - shares	3 Months Ended		6 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Statement of Stockholders' Equity [Abstract]
Committed to be released ESOP shares	3,600	3,600	7,200	7,200

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Cash Flows from Operating Activities
Net income	$ 2,421	$ 2,143
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation expense	377	361
Provision for loan losses	240	1,657
Deferred income taxes expense	2,898	871
ESOP expense	184	144
Stock based compensation	38	4
Amortization of premiums and discounts on investment securities, net	166	480
Accretion of loan origination fees and costs	(122)	(876)
Amortization of mortgage service rights	24	31
Net gain on sale of investment securities available-for-sale		(58)
Net gain on sale of real estate	(1,186)
Net gain on sale of secondary market loans	(93)	(75)
Proceeds on sale of secondary market loans	8,037	3,892
Originations of secondary market loans	(7,944)	(3,817)
Earnings on bank-owned life insurance	(240)	(255)
Increase in accrued interest receivable	(444)	(619)
Increase in accrued interest payable	19	222
Increase (decrease) in other liabilities	781	(907)
Increase in other assets	(808)	(510)
Amortization of subordinated debt	79
Net Cash Provided by Operating Activities	4,427	2,688
Investment securities available-for-sale:
Purchases	(30,140)
Sales		3,903
Maturities, calls and principal repayments	123	151
Investment securities held-to-maturity:
Maturities, calls and principal repayments	1,747	3,379
(Loan originations) and principal collections, net	(3,101)	(179,329)
Net decrease (increase) in restricted stock	(3,024)	27
Proceeds from sale of property and equipment	1,315
Purchases of property and equipment	(356)	(620)
Net Cash Used in Investing Activities	(33,436)	(172,489)
Cash Flows from Financing Activities
Net increase in deposits	35,173	102,226
Net increase in short-term borrowings		10,000
Proceeds from long-term borrowings	70,000	70,000
Repayment of long-term borrowings	(70,000)	(70,000)
Repayment of other borrowed money	(2,500)
Increase in advances from borrowers for taxes and insurance	910	1,565
Proceeds from issuance of subordinated debt		25,000
Net Cash Provided by Financing Activities	33,583	138,791
Net Increase (Decrease)in Cash and Cash Equivalents	4,574	(31,010)
Cash and Cash Equivalent - Beginning	117,136	96,762
Cash and Cash Equivalent - Ending	121,710	65,752
Supplementary Cash Flows Information
Interest paid	6,246	3,828
Income taxes paid	$ 254

The Company

The Company	6 Months Ended
The Company	Mar. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
The Company	Note 1 – The Company Malvern Bancorp, Inc. (the “Company” or “Malvern Bancorp”) is the holding company for Malvern Bank, National Association (the “Bank”), a national bank that was originally organized in 1887 as a federally-chartered savings bank. Malvern Bank, National Association now serves as one of the oldest banks headquartered on the Philadelphia Main Line. For more than a century, the Bank has been committed to helping people build prosperous communities as a trusted financial partner, forging lasting relationships through teamwork, respect and integrity. The Bank conducts business from its headquarters in Paoli, Pennsylvania, a suburb of Philadelphia and through its nine other banking locations in Chester, Delaware and Bucks counties, Pennsylvania and Morristown, New Jersey, its New Jersey regional headquarters. The Bank also maintains new representative offices in Palm Beach, Florida and Montchanin, Delaware. The Bank’s wholly-owned subsidiary, Malvern Insurance Associates, LLC (“Malvern Insurance”) offers a full line of business and personal insurance products.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
Summary of Significant Accounting Policies	Mar. 31, 2018
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2 – Summary of Significant Accounting Policies Basis of financial statement presentation. The accompanying unaudited condensed consolidated financial statements present the Company’s financial position at March 31, 2018 and the results of operations for the three-and six-month periods ended March 31, 2018 and 2017, and cash flows for the six-month periods ended March 31, 2018 and 2017. In Management’s opinion, the unaudited Condensed Consolidated Financial Statements contain all adjustments, which include normal and recurring adjustments, necessary for a fair presentation of the financial position and results of operations for the interim periods presented. These unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and note disclosures included in the Company’s Form 10-K filed with the Securities and Exchange Commission (“SEC”) on December 29, 2017. The consolidated results of operations for the three-and six -month periods ended March 31, 2018 and the consolidated statements of cash flows for the six-month periods ended March 31, 2018 are not necessarily indicative of the results of operations or cash flows for the full year ending September 30, 2018 or any other period. There have been no significant changes to our Critical Accounting Policies as described in our 2017 Annual Report on Form 10-K. Recently Issued Accounting Standards Income Taxes. Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 118 . Investments and Regulated Operations. Investments—Debt Securities (Topic 320) and Regulated Operations (Topic 980): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 117 and SEC Release No. 33-9273, Leases. Leases (Topic 842). Revenue Recognition. however, the Company’s implementation efforts are ongoing and such assessments may change prior to the October 1, 2018 implementation date. Recently Adopted Accounting Standards Income Statement. Income Statement—Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income. “TCJA”). Consequently, the amendments eliminate the stranded tax effects resulting from the TCJA and will improve the usefulness of information reported to financial statement users. All entities may adopt the amendments in this Update for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption is permitted. The amendments in this Update should be applied either in the period of adoption or retrospectively to each period (or periods) in which the effect of the change in the U.S. federal corporate income tax rate in the TCJA is recognized. We have elected to early adopt the ASU as of January 1, 2018. The adoption of the guidance resulted in a reclassification of an insignificant amount stranded in accumulated other comprehensive income to retained earnings in the fiscal second quarter of 2018.

Earnings Per Share

Earnings Per Share	6 Months Ended
Earnings Per Share	Mar. 31, 2018
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. The Company did not grant any stock options to purchase common stock and restricted shares during the three months ended March 31, 2018. During the six months ended March 31, 2018, the Company granted stock options to purchase 4,664 shares of common stock and 4,768 restricted shares. During the three and six months ended March 31, 2017, the Company granted stock options to purchase 7,000 shares of common stock and 12,552 restricted shares. The following table sets forth the composition of the weighted average shares (denominator) used in the earnings per share computations. Three Months Ended March 31, Six Months Ended March 31, (Dollars in thousands, except for share data) 2018 2017 2018 2017 Net Income $ 2,018 $ 1,170 $ 2,421 $ 2,143 Weighted average shares outstanding 6,572,443 6,565,461 6,572,525 6,562,865 Average unearned ESOP shares (123,752 ) (138,152 ) (125,566 ) (139,966 ) Basic weighted average shares outstanding 6,448,691 6,427,309 6,446,959 6,422,899 Plus: effect of dilutive options 3,555 623 4,246 370 Diluted weighted average common shares outstanding 6,452,246 6,427,932 6,451,205 6,423,269 Earnings per share: Basic $ 0.31 $ 0.18 $ 0.38 $ 0.33 Diluted $ 0.31 $ 0.18 $ 0.38 $ 0.33

Employee Stock Ownership Plan

Employee Stock Ownership Plan	6 Months Ended
Employee Stock Ownership Plan	Mar. 31, 2018
Employee Stock Ownership Plan (ESOP), Shares in ESOP [Abstract]
Employee Stock Ownership Plan	Note 4 – Employee Stock Ownership Plan The Company established an ESOP for substantially all of its full-time employees. The current ESOP trustee is Pentegra. Shares of the Company’s common stock purchased by the ESOP are held until released for allocation to participants. Shares released are allocated to each eligible participant based on the ratio of each such participant’s base compensation to the total base compensation of all eligible plan participants. As the unearned shares are committed to be released and allocated among participants, the Company recognizes compensation expense equal to the fair value of the ESOP shares during the periods in which they become committed to be released. To the extent that the fair value of the ESOP shares released differs from the cost of such shares, the difference is charged or credited to additional paid-in capital. During the period from May 20, 2008 to September 30, 2008, the ESOP purchased 241,178 shares of common stock for approximately $2.6 million, an average price of $10.86 per share, which was funded by a loan from Malvern Federal Bancorp, Inc. (the Company’s predecessor). The ESOP loan is being repaid principally from the Bank’s contributions to the ESOP. The loan, which bears an interest rate of 5%, is being repaid in quarterly installments through 2026. Shares are released to participants proportionately as the loan is repaid. During the three and six months ended March 31, 2018 and 2017 there were 3,600 and 7,200 shares, respectively, committed to be released. At March 31, 2018, there were 121,965 unallocated shares and 137,253 allocated shares held by the ESOP which had an aggregate fair value of approximately $3.2 million.

Investment Securities

Investment Securities	6 Months Ended
Investment Securities	Mar. 31, 2018
Investments, Debt and Equity Securities [Abstract]
Investment Securities	Note 5 - Investment Securities The Company’s investment securities are classified as available-for-sale or held-to-maturity at March 31, 2018 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 March 31, 2018 and September 30, 2017. March 31, 2018 Amortized Gross Gross Fair (Dollars in thousands) Investment Securities Available-for-Sale: U.S. treasury notes $ 29,999 $ — $ (57 ) $ 29,942 State and municipal obligations 6,972 1 (32 ) 6,941 Single issuer trust preferred security 1,000 — (82 ) 918 Corporate debt securities 6,616 — (326 ) 6,290 Mutual fund 250 — — 250 Total 44,837 1 (497 ) 44,341 Investment Securities Held-to-Maturity: U.S. government agencies $ 1,999 $ — $ (24 ) $ 1,975 State and municipal obligations 9,447 5 (40 ) 9,412 Corporate debt securities 3,767 — (45 ) 3,722 Mortgage-backed securities: Collateralized mortgage obligations, fixed-rate 17,839 — (854 ) 16,985 Total $ 33,052 $ 5 $ (963 ) $ 32,094 Total investment securities $ 77,889 $ 6 $ (1,460 ) $ 76,435 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 and six months ended March 31, 2018, no available-for-sale investment securities were sold. For the three and six months ended March 31, 2017, proceeds of investment securities sold amounted to approximately $3.9 million and gross realized gains on investment securities sold amounted to approximately $0.1 million. The following tables indicate gross unrealized losses not recognized in income and fair value, aggregated by investment category and the length of time individual securities have been in a continuous unrealized loss position at March 31, 2018 and September 30, 2017: March 31, 2018 Less than 12 Months More than 12 Months Total Fair Unrealized Fair Unrealized Fair Unrealized (Dollars in thousands) Investment Securities Available-for-Sale: U.S. treasury notes $ 29,942 $ (57 ) $ — $ — $ 29,942 $ (57 ) State and municipal obligations 5,382 (26 ) 495 (6 ) 5,877 (32 ) Single issuer trust preferred security — — 918 (82 ) 918 (82 ) Corporate debt securities — — 6,290 (326 ) 6,290 (326 ) Total $ 35,324 $ (83 ) $ 7,703 $ (414 ) $ 43,027 $ (497 ) Investment Securities Held-to-Maturity: U.S. government agencies — — 1,975 (24 ) 1,975 (24 ) State and municipal obligations 8,229 (40 ) — — 8,229 (40 ) Corporate securities 3,722 (45 ) — — 3,722 (45 ) Mortgage-backed securities: CMO, fixed-rate 797 (23 ) 16,188 (831 ) 16,985 (854 ) Total 12,748 (108 ) 18,163 (855 ) 30,911 (963 ) Total investment securities $ 48,072 $ (191 ) $ 25,866 $ (1,269 ) $ 73,938 $ (1,460 ) September 30, 2017 Less than 12 Months 12 Months or longer Total Fair Unrealized Fair Unrealized Fair Unrealized (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 March 31, 2018, the estimated fair value of the securities disclosed above was primarily dependent upon the movement in market interest rates, particularly given the negligible inherent credit risk associated with these securities. These investment securities are comprised of securities that are rated investment grade by at least one bond credit rating service. Although the fair value will fluctuate as market interest rates move, management believes that these fair values will recover as the underlying portfolios mature and are reinvested in market rate yielding investments. As of March 31, 2018, the Company held three U.S. government treasury notes, two U.S. government agency securities, sixteen municipal bonds, four corporate securities, thirty-seven mortgage-backed securities and one single issuer trust preferred security which were in an unrealized loss position. The Company does not intend to sell and expects that it is not more likely than not that it will be required to sell these securities until such time as the value recovers or the securities mature. Management does not believe any individual unrealized loss as of March 31, 2018 represents other-than-temporary impairment. Investment securities having a carrying value of approximately $42.1 million and $9.6 million at March 31, 2018 and September 30, 2017, respectively, were pledged to secure public deposits. The following table presents information for investment securities at March 31, 2018, based on scheduled maturities. Actual maturities can be expected to differ from scheduled maturities due to prepayment or early call options of the issuer. March 31, 2018 Amortized Cost Fair Value (Dollars in thousands) Investment Securities Available-for-Sale: Due in one year or less $ 29,999 $ 29,942 Due after one year through five years 7,556 7,435 Due after five years through ten years 5,827 5,591 Due after ten years 1,455 1,373 Total $ 44,837 $ 44,341 Investment Securities Held-to-Maturity: Due after one year through five years $ 1,999 $ 1,975 Due after five years through ten years 6,170 6,092 Due after ten years 24,883 24,027 Total $ 33,052 $ 32,094 Total investment securities $ 77,889 $ 76,435

Loans Receivable and Related Al

Loans Receivable and Related Allowance for Loan Losses	6 Months Ended
Loans Receivable and Related Allowance for Loan Losses	Mar. 31, 2018
Receivables [Abstract]
Loans Receivable and Related Allowance for Loan Losses	Note 6 - Loans Receivable and Related Allowance for Loan Losses Loans receivable in the Company’s portfolio consisted of the following at the dates indicated below: March 31, September 30, 2018 2017 (Dollars in thousands) Residential mortgage $ 184,318 $ 192,500 Construction and Development: Residential and commercial 35,213 35,622 Land 21,727 18,377 Total Construction and Development 56,940 53,999 Commercial: Commercial real estate 445,995 437,760 Farmland 12,069 1,723 Multi-family 32,608 39,768 Other 75,368 74,837 Total Commercial 566,040 554,088 Consumer: Home equity lines of credit 15,538 16,509 Second mortgages 19,960 22,480 Other 2,404 2,570 Total Consumer 37,902 41,559 Total loans 845,200 842,146 Deferred loan fees and cost, net 579 590 Allowance for loan losses (8,465 ) (8,405 ) Total loans receivable, net $ 837,314 $ 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 March 31, 2018 and September 30, 2017. Activity in the allowance is presented for the three and six months ended March 31, 2018 and 2017 and the year ended September 30, 2017, respectively. Three Months Ended March 31, 2018 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 $ 1,029 $ 532 $ 130 $ 4,260 $ 12 $ 200 $ 449 $ 94 $ 463 $ 30 $ 1,238 $ 8,437 Charge-offs (6 ) — — (221 ) — — — — (54 ) — — (281 ) Recoveries 56 — — 1 — — 1 — 9 2 — 69 Provisions (92 ) (135 ) 28 6 70 (5 ) 40 (7 ) (11 ) (5 ) 351 240 Ending Balance $ 987 $ 397 $ 158 $ 4,046 $ 82 $ 195 $ 490 $ 87 $ 407 $ 27 $ 1,589 $ 8,465 Three Months Ended March 31, 2017 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 $ 1,162 $ 874 $ 90 $ 2,215 $ 106 $ 208 $ 111 $ 408 $ 28 $ 975 $ 6,177 Charge-offs — — — — — — — (50 ) — — (50 ) Recoveries — — — 26 — 1 1 25 4 — 57 Provision (Credit) (120 ) 469 38 238 (39 ) 160 (5 ) 32 (12 ) 236 997 Ending Balance $ 1,042 $ 1,343 $ 128 $ 2,479 $ 67 $ 369 $ 107 $ 415 $ 20 $ 1,211 $ 7,181 Six Months Ended March 31, 2018 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 $ 1,004 $ 523 $ 132 $ 3,581 $ 9 $ 224 $ 541 $ 90 $ 402 $ 27 $ 1,872 $ 8,405 Charge-offs (6 ) — — (221 ) — — — — (54 ) (2 ) — (283 ) Recoveries 58 — — 10 — — 2 1 28 4 — 103 Provisions (69 ) (126 ) 26 676 73 (29 ) (53 ) (4 ) 31 (2 ) (283 ) 240 Ending Balance $ 987 $ 397 $ 158 $ 4,046 $ 82 $ 195 $ 490 $ 87 $ 407 $ 27 $ 1,589 $ 8,465 Ending balance: $ — $ — $ — $ 243 $ — $ — $ 45 $ — $ 132 $ 1 $ — $ 421 Ending balance: $ 987 $ 397 $ 158 $ 3,803 $ 82 $ 195 $ 445 $ 87 $ 275 $ 26 $ 1,589 $ 8,044 Loans receivable: Ending balance $ 184,318 $ 35,213 $ 21,727 $ 445,995 $ 12,069 $ 32,608 $ 75,368 $ 15,538 $ 19,960 $ 2,404 $ 845,200 Ending balance: $ 2,420 $ — $ 85 $ 17,535 $ — $ — $ 45 $ 34 $ 675 $ 1 $ 20,795 Ending balance: $ 181,898 $ 35,213 $ 21,642 $ 428,460 $ 12,069 $ 32,608 $ 75,323 $ 15,504 $ 19,285 $ 2,403 $ 824,405 Six Months Ended March 31, 2017 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 — — — — — — — (121 ) (5 ) — (126 ) Recoveries — 90 — 30 — 6 2 82 6 — 216 Provisions (159 ) 1,054 31 575 (42 ) 205 (11 ) (13 ) (15 ) 32 1,657 Ending Balance $ 1,042 $ 1,343 $ 128 $ 2,479 $ 67 $ 369 $ 107 $ 415 $ 20 $ 1,211 $ 7,181 Ending balance: $ — $ — $ — $ — $ — $ 116 $ — $ 99 $ — $ — $ 215 Ending balance: $ 1,042 $ 1,343 $ 128 $ 2,479 $ 67 $ 253 $ 107 $ 316 $ 20 $ 1,211 $ 6,966 Loans receivable: Ending balance $ 192,775 $ 46,721 $ 14,322 $ 383,170 $ 12,838 $ 63,551 $ 19,214 $ 25,103 $ 1,512 $ 759,206 Ending balance: $ 2,094 $ 109 $ — $ 752 $ — $ 249 $ 60 $ 174 $ — $ 3,438 Ending balance: $ 190,681 $ 46,612 $ 14,322 $ 382,418 $ 12,838 $ 63,302 $ 19,154 $ 24,929 $ 1,512 $ 755,768 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 $ 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: $ — $ — $ — $ — $ — $ — $ 109 $ — $ 128 $ — $ — $ 237 Ending balance: $ 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: $ 2,262 $ — $ 94 $ 555 $ — $ — $ 243 $ 10 $ 356 $ — $ 3,520 Ending balance: $ 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 about a borrower’s financial condition, the difficulty in identifying triggering events that correlate perfectly to subsequent loss rates, and risk factors that have not yet manifested themselves in loss allocation factors. The following table presents impaired loans in portfolio by class, segregated by those for which a specific allowance was required and those for which a specific allowance was not necessary as of March 31, 2018 and September 30, 2017. Impaired Loans With Impaired Total Impaired Loans Recorded Related Recorded Recorded Unpaid (Dollars in thousands) March 31, 2018: Residential mortgage $ — $ — $ 2,420 $ 2,420 $ 2,537 Construction and Development: Land — — 85 85 85 Commercial: Commercial real estate 9,970 243 7,565 17,535 17,756 Other 45 45 — 45 45 Consumer: Home equity lines of credit — — 34 34 34 Second mortgages 159 132 516 675 771 Other 1 1 — 1 1 Total impaired loans $ 10,175 $ 421 $ 10,620 $ 20,795 $ 21,229 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 three and six months ended March 31, 2018 and 2017. Three Months Ended March 31, 2018 Six Months Ended March 31, 2018 (Dollars in thousands) Average Impaired Loans Interest Income Recognized on Impaired Loans Average Impaired Loans Interest Income Recognized on Impaired Loans Residential mortgage $ 2,425 $ 2 $ 2,408 $ 13 Construction and Development: Land 86 1 88 2 Commercial: Commercial real estate 6,998 14 4,011 14 Other 185 — 214 — Consumer: Home equity lines of credit 12 — 11 — Second mortgages 655 1 574 4 Other 1 — 1 Total $ 10,362 $ 18 $ 7,307 $ 33 Three Months Ended March 31, 2017 Six Months Ended March 31, 2017 (Dollars in thousands) Average Impaired Loans Interest Income Recognized on Impaired Loans Average Impaired Loans Interest Income Recognized on Impaired Loans Residential mortgage $ 2,178 $ 13 $ 2,099 $ 33 Construction and Development: Residential and commercial 109 1 109 2 Commercial: Commercial real estate 755 5 1,187 9 Other 86 2 43 2 Consumer: Home equity lines of credit 60 — 65 — Second mortgages 139 — 184 1 Total $ 3,327 $ 21 $ 3,687 $ 47 The following table presents the classes of the loan portfolio summarized by loans considered to be rated as pass and the categories of special mention, substandard and doubtful within the Company’s internal risk rating system as of March 31, 2018 and September 30, 2017. March 31, 2018 Pass Special Substandard Doubtful Total (Dollars in thousands) Residential mortgage $ 181,589 $ — $ 2,729 $ — $ 184,318 Construction and Development: Residential and commercial 35,213 — — — 35,213 Land 17,273 — 4,454 — 21,727 Commercial: Commercial real estate 424,881 2,201 18,913 — 445,995 Farmland 12,069 — — — 12,069 Multi-family 32,261 347 — — 32,608 Other 75,156 — 212 — 75,368 Consumer: Home equity lines of credit 15,403 — 135 — 15,538 Second mortgages 18,883 107 970 — 19,960 Other 2,399 4 1 — 2,404 Total $ 815,127 $ 2,659 $ 27,414 $ — $ 845,200 September 30, 2017 Pass Special 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. March 31, September 30, 2018 2017 (Dollars in thousands) Residential mortgage $ 1,130 $ 826 Commercial: Commercial real estate 575 — Other 45 — Consumer: Home equity lines of credit 34 10 Second mortgages 344 202 Other 1 — Total non-accrual loans $ 2,129 $ 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 less than $0.1 million for each of the three months ended March 31, 2018 and 2017 and was less than $0.1 million for each of the six months ended March 31, 2018 and 2017. Management further monitors the performance and credit quality of the loan portfolio by analyzing the age of the portfolio as determined by whether a loan payment is “current,” that is, it is received from a borrower by the scheduled due date, or the length of time a scheduled payment is past due. The following table presents the classes of the loan portfolio summarized by the aging categories as of March 31, 2018 and September 30, 2017. Current 30-59 60-89 90 Total Past Due Total Loans Receivable Accruing 90 (Dollars in thousands) March 31, 2018: Residential mortgage $ 180,164 $ 2,597 $ — $ 1,557 $ 4,154 $ 184,318 $ 427 Construction and Development: Residential and commercial 34,446 767 — — 767 35,213 — Land 21,727 — — — — 21,727 — Commercial: Commercial real estate 444,969 156 295 575 1,026 445,995 — Farmland 12,069 — — — — 12,069 — Multi-family 32,608 32,608 Other 75,323 — — 45 45 75,368 — Consumer: Home equity lines of credit 15,095 409 — 34 443 15,538 — Second mortgages 18,989 691 31 249 971 19,960 47 Other 2,386 17 — 1 18 2,404 1 Total $ 837,776 $ 4,637 $ 326 $ 2,461 $ 7,424 $ 845,200 $ 475 Current 30- 60- 90 Total Total Loans Receivable Accruing (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 troubled debt restructurings (“TDRs”) are typically the result of extension of the loan maturity date or a reduction of the interest rate of the loan to a rate that is below market, a combination of rate and maturity extension, or by other means including covenant modifications, forbearance and other concessions. However, the Company generally only restructures loans by modifying the payment structure to require payments of interest only for a specified period or by reducing the actual interest rate. Once a loan becomes a TDR, it will continue to be reported as a TDR during the term of the restructure. The Company had fifteen loans classified as TDRs with an aggregate outstanding balance of $18.8 million at March 31, 2018. The Company had twelve loans classified as TDRs at September 30, 2017 with an aggregate outstanding balance of $2.3 million. At March 31, 2018, these loans were also classified as impaired. Thirteen of the TDR loans continue to perform under the restructured terms through March 31, 2018 and we continued to accrue interest on such loans through such date. The increase in TDRs at March 31, 2018 compared to September 30, 2017 was primarily due to two commercial real estate loans with an aggregate outstanding balance of approximately $16.4 million. All 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 $0.2 million and $0.3 million of residential real estate properties in the process of foreclosure at March 31, 2018 and September 30, 2017, respectively. The following table presents our TDR loans as of March 31, 2018 and September 30, 2017. Total Troubled Debt Troubled Debt Restructured Number of Recorded Number of Recorded (Dollars in thousands) At March 31, 2018: Residential mortgage 7 $ 1,650 1 $ 153 Construction and Development: Land 1 85 — — Commercial: Commercial real estate 4 16,960 — — Consumer Second mortgages 3 143 1 19 Total 15 $ 18,838 2 $ 172 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. March 31, 2018 September 30, 2017 Performing Non- Performing Non- (Dollars in thousands) Residential mortgage $ 1,497 $ 153 $ 1,464 $ — Construction and Development: Land 85 — 94 — Commercial: Commercial real estate 16,960 — 554 — Consumer Second mortgages 124 19 126 22 Total $ 18,666 $ 172 $ 2,238 $ 22 The following table shows the activity in loans which were first deemed to be TDRs during the three and six months ended March 31, 2018 and 2017. For the Three Months Ended March 31, 2018 2017 Restructured During Period Number Pre- Post- Number Pre- Post- (In thousands) Troubled Debt Restructurings: Residential mortgage 1 $ 203 $ 203 1 $ 234 $ 234 Commercial: Commercial real estate 2 16,417 16,414 1 193 193 Consumer: Second mortgages — — — 2 81 81 Total 3 $ 16,620 $ 16,617 4 $ 508 $ 508 For the Six Months Ended March 31, 2018 2017 Restructured During Period Number Pre- Post- Number Pre- Post- (In thousands) Troubled Debt Restructurings: Residential mortgage 1 $ 203 $ 203 3 $ 889 $ 889 Commercial: Commercial real estate 2 16,417 16,414 1 193 193 Consumer: Second mortgages — — — 2 81 81 Total 3 $ 16,620 $ 16,617 6 $ 1,163 $ 1,163

Regulatory Matters

Regulatory Matters	6 Months Ended
Regulatory Matters	Mar. 31, 2018
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 Bank, National Association, 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 March 31, 2018, the Company’s and the Bank’s current capital levels exceed the required capital amounts to be considered “well capitalized” and we believe they also meet the fully-phased in minimum capital requirements, including the related capital conservation buffers, as required by the Basel III capital rules. The following table summarizes the Company’s compliance with applicable regulatory capital requirements as of March 31, 2018 and September 30, 2017: Actual For Capital To Be Well (Dollars in thousands) Capital Ratio Capital Ratio Capital Ratio As of March 31, 2018: Tier 1 Leverage (Core) Capital (to average assets) $ 105,077 9.97 % $ 42,166 4.00 % n/a n/a Common Equity Tier 1 Capital (to risk weighted assets) 105,077 12.67 % 37,320 4.50 % n/a n/a Tier 1 Capital (to risk weighted assets) 105,077 12.67 % 49,760 6.00 % n/a n/a Total Risk Based Capital (to risk weighted assets) 137,986 16.64 % 66,347 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 March 31, 2018 and September 30, 2017: Actual For Capital To Be Well (Dollars in thousands) Capital Ratio Capital Ratio Capital Ratio As of March 31, 2018: Tier 1 Leverage (to average assets) $ 125,936 11.96 % $ 42,132 4.00 % $ 52,664 5.00 % Common Equity Tier 1 Capital (to risk weighted assets) 125,936 15.20 % 37,276 4.50 % 53,842 6.50 % Tier 1 Capital (to risk weighted assets) 125,936 15.20 % 49,701 6.00 % 66,268 8.00 % Total Risk Based Capital (to risk weighted assets) 134,463 16.23 % 66,268 8.00 % 82,834 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	6 Months Ended
Derivatives and Hedging Activities	Mar. 31, 2018
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 March 31, 2018, such derivatives were used to hedge the variable cash flows associated with FHLB advances. The ineffective portion of the change in fair value of the derivatives is recognized directly in earnings. The Company’s derivatives did not have any hedge ineffectiveness recognized in earnings during the three and six months ended March 31, 2018 and 2017. 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 $0.2 million 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 March 31, 2018 and September 30, 2017: March 31, 2018 Notional Fair Balance Sheet Expiration Date (Dollars in thousand) Derivatives designated as hedging instruments Interest rate swaps by effective date: August 3, 2015 $ 15,000 $ 261 Other assets August 3, 2020 February 5, 2016 20,000 714 Other assets February 1, 2021 October 22, 2018 30,000 103 Other liabilities October 22, 2021 September 30, 2017 Notional 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 tables below present the net gains (losses) recorded in accumulated other comprehensive income (loss) and the Consolidated Statements of Operations relating to the cash flow derivative instruments for the three and six months ended March 31, 2018 and 2017. For the Three Months Ended March 31, 2018 Amount of Gain Amount of Gain Amount of Gain (Loss) (Dollars in thousand) August 3, 2015 $ 140 $ (5 ) $ — February 5, 2016 229 18 — October 22, 2018 (103 ) — — For the Six Months Ended March 31, 2018 Amount of Gain Amount of Gain Amount of Gain (Loss) Non-Interest Income (Dollars in thousand) August 3, 2015 $ 231 $ (21 ) $ — February 5, 2016 368 21 — October 22, 2018 (103 ) — — For the Three Months Ended March 31, 2017 Amount of Gain Amount of Gain Amount of Gain (Loss) (Dollars in thousand) August 3, 2015 $ 13 $ (30 ) $ — February 5, 2016 16 (16 ) — For the Six Months Ended March 31, 2017 Amount of Gain Amount of Gain Amount of Gain (Loss) (Dollars in thousand) August 3, 2015 $ 351 $ (66 ) $ — February 5, 2016 564 (39 ) — The Company has agreements with each of its derivative counterparties that contain a provision where if the Company defaults on any of its indebtedness, including default where repayment of the indebtedness has not been accelerated by the lender, then the Company could also be declared in default on its derivative obligations. At March 31, 2018 and 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 March 31, 2018 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 March 31, 2018, it could have been required to settle its obligations under the agreements at the termination value and would have been required to pay any additional amounts due in excess of amounts previously posted as collateral with the respective counterparty.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
Fair Value Measurements	Mar. 31, 2018
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 9 - Fair Value Measurements The Company follows FASB ASC Topic 820 “Fair Value Measurement,” to record fair value adjustments to certain assets and to determine fair value disclosures for the Company’s financial instruments. Investment and mortgage-backed securities available for sale are recorded at fair value on a recurring basis. Additionally, from time to time, the Company may be required to record at fair value other assets on a nonrecurring basis, such as impaired loans, real estate owned and certain other assets. These nonrecurring fair value adjustments typically involve application of lower-of-cost-or-market accounting or write-downs of individual assets. The Company groups its assets at fair value in three levels, based on the markets in which the assets are traded and the reliability of the assumptions used to determine fair value. These levels are: Level 1—Valuation is based upon quoted prices for identical instruments traded in active markets. Level 2—Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market. Level 3—Valuation is generated from model-based techniques that use significant assumptions not observable in the market. These unobservable assumptions reflect the Company’s own estimates of assumptions that market participants would use in pricing the asset. The Company bases its fair values on the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. It is our policy to maximize the use of observable inputs and minimize the use of unobservable inputs when developing fair value measurements, in accordance with the fair value hierarchy. Fair value measurements for assets where there exists limited or no observable market data and, therefore, are based primarily upon the Company’s or other third-party’s estimates, are often calculated based on the characteristics of the asset, the economic and competitive environment and other factors. Therefore, the results cannot be determined with precision and may not be realized in an actual sale or immediate settlement of the asset. Additionally, there may be inherent weaknesses in any calculation technique, and changes in the underlying assumptions used, including discount rates and estimates of future cash flows, could significantly affect the results of current or future valuations. FASB ASC Topic 825 “Financial Instruments” provides an option to elect fair value as an alternative measurement for selected financial assets and financial liabilities not previously recorded at fair value. The fair value of a financial instrument is the current amount that would be exchanged between willing parties, other than in a forced liquidation. The Company monitors and evaluates available data to perform fair value measurements on an ongoing basis and recognizes transfers among the levels of the fair value hierarchy as of the date event or a change in circumstances that affects the valuation method chosen. There were no changes in valuation technique or transfers between levels at March 31, 2018 or September 30, 2017. The tables below present the balances of assets measured at fair value on a recurring basis at March 31, 2018 and September 30, 2017: March 31, 2018 Total Level 1 Level 2 Level 3 (Dollars in thousands) Assets: Investment securities available-for-sale: Debt securities: U.S. treasury notes $ 29,942 $ 29,942 $ — $ — State and municipal obligations 6,941 — 6,941 — Single issuer trust preferred security 918 — 918 — Corporate debt securities 6,290 — 6,290 — Mutual funds 250 — — 250 Total investment securities available-for-sale 44,341 29,942 14,149 250 Derivative instruments $ 975 $ — $ 975 $ — Liabilities: Derivative instruments $ 103 $ — $ 103 $ — 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 table provides the level of valuation assumptions used to determine each adjustment and the carrying value of the related individual assets or portfolios at March 31, 2018 and September 30, 2017: March 31, 2018 Total Level 1 Level 2 Level 3 (Dollars in thousands) Impaired loans (1) $ 9,870 $ — $ — $ 9,870 Total $ 9,870 $ — $ — $ 9,870 March 31, 2018 Fair Value at Valuation Technique Unobservable Input Range/(Weighted (Dollars in thousands) Impaired loans (1) $ 9,870 Appraisal of collateral (2) Collateral discounts (3) 9.5%-21.4%%/(12.2%) Total $ 9,870 (1) At March 31, 2018, consisted of nine loans with an aggregate balance of $10.2 million and with $0.4 million 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 $0.4 million and with $0.2 million 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 March 31, 2018 and September 30, 2017, the Company did not have any additions to our mortgage servicing assets. At March 31, 2018and 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 March 31, 2018 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 March 31, 2018 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 Deposits 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 March 31, 2018 and September 30, 2017 are presented below: Carrying Fair Value Level 1 Level 2 Level 3 (Dollars in thousands) March 31,2018: Financial assets: Cash and cash equivalents $ 121,710 $ 121,710 $ 121,710 $ — $ — Investment securities available-for-sale 44,341 44,341 29,942 14,149 250 Investment securities held-to-maturity 33,052 32,094 — 32,094 — Loans receivable, net (including impaired loans) 837,314 830,576 — — 830,576 Accrued interest receivable 3,583 3,583 — 3,583 — Restricted stock 8,583 8,583 — 8,583 — Mortgage servicing rights (included in Other Assets) 244 285 — 285 — Derivatives (included in Other Assets) 975 975 — 975 — Financial liabilities: Savings accounts 44,716 44,716 — 44,716 — Checking and NOW accounts 229,046 229,046 — 229,046 — Money market accounts 293,813 293,813 — 293,813 — Certificates of deposit 257,994 259,949 — 259,949 — Borrowings(excluding sub debt) 120,500 120,362 — 120,362 — Subordinated debt 24,382 24,382 — 24,382 — Derivatives (included in Other Liabilities) 103 103 — 103 — Accrued interest payable 713 713 — 713 — 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	6 Months Ended
Income Taxes	Mar. 31, 2018
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%. However, we are still analyzing certain aspects of the Tax Cuts and Jobs Act of 2017 and refining our calculations, which could potentially affect the measurement of these balances or potentially give rise to new deferred tax amounts. The provisional amount recorded in the first quarter of fiscal 2018 related to the re-measurement of our deferred tax asset was $2.3 million, and no further adjustments were made during the three months ended March 31, 2018.

Comprehensive Income

Comprehensive Income	6 Months Ended
Comprehensive Income	Mar. 31, 2018
Equity [Abstract]
Comprehensive Income	Note 11 – Comprehensive Income The components of accumulated other comprehensive income (loss) included in shareholders’ equity are as follows: March 31, September 30, 2018 2017 (Dollars in thousands) Net unrealized holding (losses) gains on available-for-sale securities $ (495 ) $ (282 ) Tax effect 121 96 Net of tax amount (374 ) (186 ) Fair value adjustments on derivatives 872 376 Tax effect (213 ) (128 ) Net of tax amount 659 248 Total accumulated other comprehensive income $ 285 $ 62 Other comprehensive income and related tax effects are presented in the following table: Three Months Ended March 31, Six Months Ended March 31, (Dollars in thousands) 2018 2017 2018 2017 Net unrealized holding gains (losses) on available-for-sale securities $ (136 ) $ 352 $ (219 ) $ (745 ) Net realized gains on securities available-for-sale — (58 ) — (58 ) Amortization (accretion) of unrealized holding losses on securities available-for-sale transferred to held-to-maturity 4 2 6 6 Fair value adjustments on derivatives 253 74 495 1,019 Other comprehensive income before taxes 121 370 282 222 Tax effect (84 ) (127 ) (83 ) (76 ) Total comprehensive income $ 37 $ 243 $ 199 $ 146

Equity Based Incentive Compensa

Equity Based Incentive Compensation Plan	6 Months Ended
Equity Based Incentive Compensation Plan	Mar. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Equity Based Incentive Compensation Plan	Note 12 – Equity Based Incentive Compensation Plan The Company maintains the Malvern Bancorp, Inc. 2014 Long-Term Incentive Compensation Plan (the “2014 Plan”), which permits the grant of long-term incentive and other stock and cash awards. The purpose of the 2014 Plan is to promote the success of the Company and the Bank by providing incentives to officers, employees and directors of the Company and the Bank that will link their personal interests to the financial success of the Company and to growth in shareholder value. The maximum total number of shares of the Company’s common stock available for grants under the 2014 Plan is 400,000. As of March 31, 2018, 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. The Company did not grant any stock options to purchase common stock and restricted shares during the three months ended March 31, 2018. The Company did not grant any stock options to purchase common stock during the three months ended March 31, 2018. During the six months ended March 31, 2018, stock options covering a total of 4,664 shares of common stock were granted. During the three and six months ended March 31, 2017, stock options covering a total of 7,000 shares of common stock were granted. Total compensation expense related to stock options granted under the 2014 Plan was $5,000 and $9,000 for the three and six months ended March 31, 2018, respectively. The Company did not award any restricted shares during the three months ended March 31, 2018. During the six months ended March 31, 2018, a total of 4,768 restricted shares were awarded. During the three and six months ended March 31, 2017, a total of 12,522 restricted shares were awarded. The compensation expense related to restricted stock awards for three and six months ended March 31, 2018 was $18,000 and $29,000. Stock-based compensation expense for the cost of the awards granted is based on the grant-date fair value. For stock option awards, the fair value is estimated at the date of grant using the Black-Scholes option-pricing model. This model requires the input of highly subjective assumptions, changes to which can materially affect the fair value estimate. Additionally, there may be other factors that would otherwise have a significant effect on the value of employee stock options that have been granted, but are not considered by the model. Accordingly, while management believes that the Black-Scholes option-pricing model provides a reasonable estimate of fair value, the model does not necessarily provide the best single measure of fair value for the Company’s employee stock options. The following is a summary of stock option activity for the six months ended March 31, 2018: Shares Weighted Average Exercise Weighted Average Remaining Contractual Term (In Years) Aggregate Intrinsic Outstanding, beginning of fiscal year 11,000 $ 19.19 $ 83,170 Granted 4,664 26.20 — Exercised — — — Forfeited/cancelled/expired — — — Outstanding, at March 31, 2018 15,664 $ 21.28 8.963 $ 74,920 Exercisable at March 31, 2018 3,000 $ 18.34 8.463 $ 22,968 Nonvested at March 31, 2018 12,664 $ 21.97 8.963 $ 51,952 The table below summarizes the activity for the Company’s restricted stock outstanding during the six months ended at March 31, 2018: Shares Weighted Nonvested at September 30, 2017 10,711 $ 20.36 Granted 4,768 26.20 Vested (2,211 ) 20.27 Forfeited/cancelled/expired — — Nonvested at March 31, 2018 13,268 $ 22.47 As of March 31, 2018, there was $287,000 of total unrecognized compensation cost related to non-vested shares of restricted stock granted under the Plan. The cost is expected to be recognized over a weighted average period of 4.19 years. As of March 31, 2018, there was $86,000 of total unrecognized compensation cost related to non-vested options under the Plan. The cost is expected to be recognized over a weighted average period of 4.15 years.

Summary of Significant Accoun21

Summary of Significant Accounting Policies (Policies)	6 Months Ended
Summary of Significant Accounting Policies (Policies)	Mar. 31, 2018
Accounting Policies [Abstract]
Basis of financial statement presentation	Basis of financial statement presentation. The accompanying unaudited condensed consolidated financial statements present the Company’s financial position at March 31, 2018 and the results of operations for the three-and six-month periods ended March 31, 2018 and 2017, and cash flows for the six-month periods ended March 31, 2018 and 2017. In Management’s opinion, the unaudited Condensed Consolidated Financial Statements contain all adjustments, which include normal and recurring adjustments, necessary for a fair presentation of the financial position and results of operations for the interim periods presented. These unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and note disclosures included in the Company’s Form 10-K filed with the Securities and Exchange Commission (“SEC”) on December 29, 2017. The consolidated results of operations for the three-and six -month periods ended March 31, 2018 and the consolidated statements of cash flows for the six-month periods ended March 31, 2018 are not necessarily indicative of the results of operations or cash flows for the full year ending September 30, 2018 or any other period. There have been no significant changes to our Critical Accounting Policies as described in our 2017 Annual Report on Form 10-K.
Recently Issued Accounting Standards	Recently Issued Accounting Standards Income Taxes. Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 118 . Investments and Regulated Operations. Investments—Debt Securities (Topic 320) and Regulated Operations (Topic 980): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 117 and SEC Release No. 33-9273, Leases. Leases (Topic 842). Revenue Recognition. however, the Company’s implementation efforts are ongoing and such assessments may change prior to the October 1, 2018 implementation date.
Recently Adopted Accounting Standards	Recently Adopted Accounting Standards Income Statement. Income Statement—Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income. “TCJA”). Consequently, the amendments eliminate the stranded tax effects resulting from the TCJA and will improve the usefulness of information reported to financial statement users. All entities may adopt the amendments in this Update for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption is permitted. The amendments in this Update should be applied either in the period of adoption or retrospectively to each period (or periods) in which the effect of the change in the U.S. federal corporate income tax rate in the TCJA is recognized. We have elected to early adopt the ASU as of January 1, 2018. The adoption of the guidance resulted in a reclassification of an insignificant amount stranded in accumulated other comprehensive income to retained earnings in the fiscal second quarter of 2018.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
Earnings Per Share (Tables)	Mar. 31, 2018
Earnings Per Share [Abstract]
Schedule of composition of weighted average shares (denominator) used in earnings per share computations	The following table sets forth the composition of the weighted average shares (denominator) used in the earnings per share computations. Three Months Ended March 31, Six Months Ended March 31, (Dollars in thousands, except for share data) 2018 2017 2018 2017 Net Income $ 2,018 $ 1,170 $ 2,421 $ 2,143 Weighted average shares outstanding 6,572,443 6,565,461 6,572,525 6,562,865 Average unearned ESOP shares (123,752 ) (138,152 ) (125,566 ) (139,966 ) Basic weighted average shares outstanding 6,448,691 6,427,309 6,446,959 6,422,899 Plus: effect of dilutive options 3,555 623 4,246 370 Diluted weighted average common shares outstanding 6,452,246 6,427,932 6,451,205 6,423,269 Earnings per share: Basic $ 0.31 $ 0.18 $ 0.38 $ 0.33 Diluted $ 0.31 $ 0.18 $ 0.38 $ 0.33

Investment Securities (Tables)

Investment Securities (Tables)	6 Months Ended
Investment Securities (Tables)	Mar. 31, 2018
Investments, Debt and Equity Securities [Abstract]
Schedule of investment securities	The following tables present information related to the Company’s investment securities at March 31, 2018 and September 30, 2017. March 31, 2018 Amortized Gross Gross Fair (Dollars in thousands) Investment Securities Available-for-Sale: U.S. treasury notes $ 29,999 $ — $ (57 ) $ 29,942 State and municipal obligations 6,972 1 (32 ) 6,941 Single issuer trust preferred security 1,000 — (82 ) 918 Corporate debt securities 6,616 — (326 ) 6,290 Mutual fund 250 — — 250 Total 44,837 1 (497 ) 44,341 Investment Securities Held-to-Maturity: U.S. government agencies $ 1,999 $ — $ (24 ) $ 1,975 State and municipal obligations 9,447 5 (40 ) 9,412 Corporate debt securities 3,767 — (45 ) 3,722 Mortgage-backed securities: Collateralized mortgage obligations, fixed-rate 17,839 — (854 ) 16,985 Total $ 33,052 $ 5 $ (963 ) $ 32,094 Total investment securities $ 77,889 $ 6 $ (1,460 ) $ 76,435 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 March 31, 2018 and September 30, 2017: March 31, 2018 Less than 12 Months More than 12 Months Total Fair Unrealized Fair Unrealized Fair Unrealized (Dollars in thousands) Investment Securities Available-for-Sale: U.S. treasury notes $ 29,942 $ (57 ) $ — $ — $ 29,942 $ (57 ) State and municipal obligations 5,382 (26 ) 495 (6 ) 5,877 (32 ) Single issuer trust preferred security — — 918 (82 ) 918 (82 ) Corporate debt securities — — 6,290 (326 ) 6,290 (326 ) Total $ 35,324 $ (83 ) $ 7,703 $ (414 ) $ 43,027 $ (497 ) Investment Securities Held-to-Maturity: U.S. government agencies — — 1,975 (24 ) 1,975 (24 ) State and municipal obligations 8,229 (40 ) — — 8,229 (40 ) Corporate securities 3,722 (45 ) — — 3,722 (45 ) Mortgage-backed securities: CMO, fixed-rate 797 (23 ) 16,188 (831 ) 16,985 (854 ) Total 12,748 (108 ) 18,163 (855 ) 30,911 (963 ) Total investment securities $ 48,072 $ (191 ) $ 25,866 $ (1,269 ) $ 73,938 $ (1,460 ) September 30, 2017 Less than 12 Months 12 Months or longer Total Fair Unrealized Fair Unrealized Fair Unrealized (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	Actual maturities can be expected to differ from scheduled maturities due to prepayment or early call options of the issuer. March 31, 2018 Amortized Cost Fair Value (Dollars in thousands) Investment Securities Available-for-Sale: Due in one year or less $ 29,999 $ 29,942 Due after one year through five years 7,556 7,435 Due after five years through ten years 5,827 5,591 Due after ten years 1,455 1,373 Total $ 44,837 $ 44,341 Investment Securities Held-to-Maturity: Due after one year through five years $ 1,999 $ 1,975 Due after five years through ten years 6,170 6,092 Due after ten years 24,883 24,027 Total $ 33,052 $ 32,094 Total investment securities $ 77,889 $ 76,435

Loans Receivable and Related 24

Loans Receivable and Related Allowance for Loan Losses (Tables)	6 Months Ended
	Mar. 31, 2018
Receivables [Abstract]
Schedule of loans receivable	Loans receivable in the Company’s portfolio consisted of the following at the dates indicated below: March 31, September 30, 2018 2017 (Dollars in thousands) Residential mortgage $ 184,318 $ 192,500 Construction and Development: Residential and commercial 35,213 35,622 Land 21,727 18,377 Total Construction and Development 56,940 53,999 Commercial: Commercial real estate 445,995 437,760 Farmland 12,069 1,723 Multi-family 32,608 39,768 Other 75,368 74,837 Total Commercial 566,040 554,088 Consumer: Home equity lines of credit 15,538 16,509 Second mortgages 19,960 22,480 Other 2,404 2,570 Total Consumer 37,902 41,559 Total loans 845,200 842,146 Deferred loan fees and cost, net 579 590 Allowance for loan losses (8,465 ) (8,405 ) Total loans receivable, net $ 837,314 $ 834,331
Schedule of allowance for loan losses	Activity in the allowance is presented for the three and six months ended March 31, 2018 and 2017 and the year ended September 30, 2017, respectively. Three Months Ended March 31, 2018 Construction and Development Commercial Consumer Residential Mortgage Residential and Commercial Land Commercial Real Estate Farmland Multi- family Other Home Equity Lines of Credit Second Other Unallocated Total (Dollars in thousands) Allowance for loan losses: Beginning balance $ 1,029 $ 532 $ 130 $ 4,260 $ 12 $ 200 $ 449 $ 94 $ 463 $ 30 $ 1,238 $ 8,437 Charge-offs (6 ) — — (221 ) — — — — (54 ) — — (281 ) Recoveries 56 — — 1 — — 1 — 9 2 — 69 Provisions (92 ) (135 ) 28 6 70 (5 ) 40 (7 ) (11 ) (5 ) 351 240 Ending Balance $ 987 $ 397 $ 158 $ 4,046 $ 82 $ 195 $ 490 $ 87 $ 407 $ 27 $ 1,589 $ 8,465 Three Months Ended March 31, 2017 Construction and Development Commercial Consumer Residential Mortgage Residential and Commercial Land Commercial Real Estate Multi- family Other Home Second Mortgages Other Unallocated Total (Dollars in thousands) Allowance for loan losses: Beginning $ 1,162 $ 874 $ 90 $ 2,215 $ 106 $ 208 $ 111 $ 408 $ 28 $ 975 $ 6,177 Charge-offs — — — — — — — (50 ) — — (50 ) Recoveries — — — 26 — 1 1 25 4 — 57 Provision (Credit) (120 ) 469 38 238 (39 ) 160 (5 ) 32 (12 ) 236 997 Ending Balance $ 1,042 $ 1,343 $ 128 $ 2,479 $ 67 $ 369 $ 107 $ 415 $ 20 $ 1,211 $ 7,181 Six Months Ended March 31, 2018 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 $ 1,004 $ 523 $ 132 $ 3,581 $ 9 $ 224 $ 541 $ 90 $ 402 $ 27 $ 1,872 $ 8,405 Charge-offs (6 ) — — (221 ) — — — — (54 ) (2 ) — (283 ) Recoveries 58 — — 10 — — 2 1 28 4 — 103 Provisions (69 ) (126 ) 26 676 73 (29 ) (53 ) (4 ) 31 (2 ) (283 ) 240 Ending Balance $ 987 $ 397 $ 158 $ 4,046 $ 82 $ 195 $ 490 $ 87 $ 407 $ 27 $ 1,589 $ 8,465 Ending balance: $ — $ — $ — $ 243 $ — $ — $ 45 $ — $ 132 $ 1 $ — $ 421 Ending balance: $ 987 $ 397 $ 158 $ 3,803 $ 82 $ 195 $ 445 $ 87 $ 275 $ 26 $ 1,589 $ 8,044 Loans receivable: Ending balance $ 184,318 $ 35,213 $ 21,727 $ 445,995 $ 12,069 $ 32,608 $ 75,368 $ 15,538 $ 19,960 $ 2,404 $ 845,200 Ending balance: $ 2,420 $ — $ 85 $ 17,535 $ — $ — $ 45 $ 34 $ 675 $ 1 $ 20,795 Ending balance: $ 181,898 $ 35,213 $ 21,642 $ 428,460 $ 12,069 $ 32,608 $ 75,323 $ 15,504 $ 19,285 $ 2,403 $ 824,405 Six Months Ended March 31, 2017 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 — — — — — — — (121 ) (5 ) — (126 ) Recoveries — 90 — 30 — 6 2 82 6 — 216 Provisions (159 ) 1,054 31 575 (42 ) 205 (11 ) (13 ) (15 ) 32 1,657 Ending Balance $ 1,042 $ 1,343 $ 128 $ 2,479 $ 67 $ 369 $ 107 $ 415 $ 20 $ 1,211 $ 7,181 Ending balance: $ — $ — $ — $ — $ — $ 116 $ — $ 99 $ — $ — $ 215 Ending balance: $ 1,042 $ 1,343 $ 128 $ 2,479 $ 67 $ 253 $ 107 $ 316 $ 20 $ 1,211 $ 6,966 Loans receivable: Ending balance $ 192,775 $ 46,721 $ 14,322 $ 383,170 $ 12,838 $ 63,551 $ 19,214 $ 25,103 $ 1,512 $ 759,206 Ending balance: $ 2,094 $ 109 $ — $ 752 $ — $ 249 $ 60 $ 174 $ — $ 3,438 Ending balance: $ 190,681 $ 46,612 $ 14,322 $ 382,418 $ 12,838 $ 63,302 $ 19,154 $ 24,929 $ 1,512 $ 755,768 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 $ 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: $ — $ — $ — $ — $ — $ — $ 109 $ — $ 128 $ — $ — $ 237 Ending balance: $ 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: $ 2,262 $ — $ 94 $ 555 $ — $ — $ 243 $ 10 $ 356 $ — $ 3,520 Ending balance: $ 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 March 31, 2018 and September 30, 2017. Impaired Loans With Impaired Total Impaired Loans Recorded Related Recorded Recorded Unpaid (Dollars in thousands) March 31, 2018: Residential mortgage $ — $ — $ 2,420 $ 2,420 $ 2,537 Construction and Development: Land — — 85 85 85 Commercial: Commercial real estate 9,970 243 7,565 17,535 17,756 Other 45 45 — 45 45 Consumer: Home equity lines of credit — — 34 34 34 Second mortgages 159 132 516 675 771 Other 1 1 — 1 1 Total impaired loans $ 10,175 $ 421 $ 10,620 $ 20,795 $ 21,229 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 three and six months ended March 31, 2018 and 2017. Three Months Ended March 31, 2018 Six Months Ended March 31, 2018 (Dollars in thousands) Average Impaired Loans Interest Income Recognized on Impaired Loans Average Impaired Loans Interest Income Recognized on Impaired Loans Residential mortgage $ 2,425 $ 2 $ 2,408 $ 13 Construction and Development: Land 86 1 88 2 Commercial: Commercial real estate 6,998 14 4,011 14 Other 185 — 214 — Consumer: Home equity lines of credit 12 — 11 — Second mortgages 655 1 574 4 Other 1 — 1 Total $ 10,362 $ 18 $ 7,307 $ 33 Three Months Ended March 31, 2017 Six Months Ended March 31, 2017 (Dollars in thousands) Average Impaired Loans Interest Income Recognized on Impaired Loans Average Impaired Loans Interest Income Recognized on Impaired Loans Residential mortgage $ 2,178 $ 13 $ 2,099 $ 33 Construction and Development: Residential and commercial 109 1 109 2 Commercial: Commercial real estate 755 5 1,187 9 Other 86 2 43 2 Consumer: Home equity lines of credit 60 — 65 — Second mortgages 139 — 184 1 Total $ 3,327 $ 21 $ 3,687 $ 47
Schedule of classes of loan portfolio	The following table presents the classes of the loan portfolio summarized by loans considered to be rated as pass and the categories of special mention, substandard and doubtful within the Company’s internal risk rating system as of March 31, 2018 and September 30, 2017. March 31, 2018 Pass Special Substandard Doubtful Total (Dollars in thousands) Residential mortgage $ 181,589 $ — $ 2,729 $ — $ 184,318 Construction and Development: Residential and commercial 35,213 — — — 35,213 Land 17,273 — 4,454 — 21,727 Commercial: Commercial real estate 424,881 2,201 18,913 — 445,995 Farmland 12,069 — — — 12,069 Multi-family 32,261 347 — — 32,608 Other 75,156 — 212 — 75,368 Consumer: Home equity lines of credit 15,403 — 135 — 15,538 Second mortgages 18,883 107 970 — 19,960 Other 2,399 4 1 — 2,404 Total $ 815,127 $ 2,659 $ 27,414 $ — $ 845,200 September 30, 2017 Pass Special 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. March 31, September 30, 2018 2017 (Dollars in thousands) Residential mortgage $ 1,130 $ 826 Commercial: Commercial real estate 575 — Other 45 — Consumer: Home equity lines of credit 34 10 Second mortgages 344 202 Other 1 Total non-accrual loans $ 2,129 $ 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 March 31, 2018 and September 30, 2017. Current 30-59 60-89 90 Total Past Due Total Loans Receivable Accruing 90 (Dollars in thousands) March 31, 2018: Residential mortgage $ 180,164 $ 2,597 $ — $ 1,557 $ 4,154 $ 184,318 $ 427 Construction and Development: Residential and commercial 34,446 767 — — 767 35,213 — Land 21,727 — — — — 21,727 — Commercial: Commercial real estate 444,969 156 295 575 1,026 445,995 — Farmland 12,069 — — — — 12,069 — Multi-family 32,608 32,608 Other 75,323 — — 45 45 75,368 — Consumer: Home equity lines of credit 15,095 409 — 34 443 15,538 — Second mortgages 18,989 691 31 249 971 19,960 47 Other 2,386 17 — 1 18 2,404 1 Total $ 837,776 $ 4,637 $ 326 $ 2,461 $ 7,424 $ 845,200 $ 475 Current 30- 60- 90 Total Total Loans Receivable Accruing (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	The following table presents our TDR loans as of March 31, 2018 and September 30, 2017. Total Troubled Debt Troubled Debt Restructured Number of Recorded Number of Recorded (Dollars in thousands) At March 31, 2018: Residential mortgage 7 $ 1,650 1 $ 153 Construction and Development: Land 1 85 Commercial: Commercial real estate 4 16,960 — — Consumer Second mortgages 3 143 1 19 Total 15 $ 18,838 2 $ 172 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. March 31, 2018 September 30, 2017 Performing Non- Performing Non- (Dollars in thousands) Residential mortgage $ 1,497 $ 153 $ 1,464 $ — Construction and Development: Land 85 — 94 — Commercial: Commercial real estate 16,960 — 554 — Consumer Second mortgages 124 19 126 22 Total $ 18,666 $ 172 $ 2,238 $ 22 For the Three Months Ended March 31, 2018 2017 Restructured During Period Number Pre- Post- Number Pre- Post- (In thousands) Troubled Debt Restructurings: Residential mortgage 1 $ 203 $ 203 1 $ 234 $ 234 Commercial: Commercial real estate 2 16,417 16,414 1 193 193 Consumer: Second mortgages — — — 2 81 81 Total 3 $ 16,620 $ 16,617 4 $ 508 $ 508 For the Six Months Ended March 31, 2018 2017 Restructured During Period Number Pre- Post- Number Pre- Post- (In thousands) Troubled Debt Restructurings: Residential mortgage 1 $ 203 $ 203 3 $ 889 $ 889 Commercial: Commercial real estate 2 16,417 16,414 1 193 193 Consumer: Second mortgages — — — 2 81 81 Total 3 $ 16,620 $ 16,617 6 $ 1,163 $ 1,163

Regulatory Matters (Tables)

Regulatory Matters (Tables)	6 Months Ended
Regulatory Matters (Tables)	Mar. 31, 2018
Banking and Thrift [Abstract]
Schedule of compliance of capital requirements	The following table summarizes the Company’s compliance with applicable regulatory capital requirements as of March 31, 2018 and September 30, 2017: Actual For Capital To Be Well (Dollars in thousands) Capital Ratio Capital Ratio Capital Ratio As of March 31, 2018: Tier 1 Leverage (Core) Capital (to average assets) $ 105,077 9.97 % $ 42,166 4.00 % n/a n/a Common Equity Tier 1 Capital (to risk weighted assets) 105,077 12.67 % 37,320 4.50 % n/a n/a Tier 1 Capital (to risk weighted assets) 105,077 12.67 % 49,760 6.00 % n/a n/a Total Risk Based Capital (to risk weighted assets) 137,986 16.64 % 66,347 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 March 31, 2018 and September 30, 2017: Actual For Capital To Be Well (Dollars in thousands) Capital Ratio Capital Ratio Capital Ratio As of March 31, 2018: Tier 1 Leverage (to average assets) $ 125,936 11.96 % $ 42,132 4.00 % $ 52,664 5.00 % Common Equity Tier 1 Capital (to risk weighted assets) 125,936 15.20 % 37,276 4.50 % 53,842 6.50 % Tier 1 Capital (to risk weighted assets) 125,936 15.20 % 49,701 6.00 % 66,268 8.00 % Total Risk Based Capital (to risk weighted assets) 134,463 16.23 % 66,268 8.00 % 82,834 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 Activ26

Derivatives and Hedging Activities (Tables)	6 Months Ended
Derivatives and Hedging Activities (Tables)	Mar. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of effects of derivative instruments on the balance sheet	The table below presents the fair value of the Company’s derivative financial instruments as well as their classification on the Balance Sheet as of March 31, 2018 and September 30, 2017: March 31, 2018 Notional Fair Balance Sheet Expiration Date (Dollars in thousand) Derivatives designated as hedging instruments Interest rate swaps by effective date: August 3, 2015 $ 15,000 $ 261 Other assets August 3, 2020 February 5, 2016 20,000 714 Other assets February 1, 2021 October 22, 2018 30,000 103 Other liabilities October 22, 2021 September 30, 2017 Notional 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 (loss) and the Consolidated Statements of Operations	The tables below present the net gains (losses) recorded in accumulated other comprehensive income (loss) and the Consolidated Statements of Operations relating to the cash flow derivative instruments for the three and six months ended March 31, 2018 and 2017. For the Three Months Ended March 31, 2018 Amount of Gain Amount of Gain Amount of Gain (Loss) (Dollars in thousand) August 3, 2015 $ 140 $ (5 ) $ — February 5, 2016 229 18 — October 22, 2018 (103 ) — — For the Six Months Ended March 31, 2018 Amount of Gain Amount of Gain Amount of Gain (Loss) Non-Interest Income (Dollars in thousand) August 3, 2015 $ 231 $ (21 ) $ — February 5, 2016 368 21 — October 22, 2018 (103 ) — — For the Three Months Ended March 31, 2017 Amount of Gain Amount of Gain Amount of Gain (Loss) (Dollars in thousand) August 3, 2015 $ 13 $ (30 ) $ — February 5, 2016 16 (16 ) — For the Six Months Ended March 31, 2017 Amount of Gain Amount of Gain Amount of Gain (Loss) (Dollars in thousand) August 3, 2015 $ 351 $ (66 ) $ — February 5, 2016 564 (39 ) —

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
Fair Value Measurements (Tables)	Mar. 31, 2018
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 March 31, 2018 and September 30, 2017: March 31, 2018 Total Level 1 Level 2 Level 3 (Dollars in thousands) Assets: Investment securities available-for-sale: Debt securities: U.S. treasury notes $ 29,942 $ 29,942 $ — $ — State and municipal obligations 6,941 — 6,941 — Single issuer trust preferred security 918 — 918 — Corporate debt securities 6,290 — 6,290 — Mutual funds 250 — — 250 Total investment securities available-for-sale 44,341 29,942 14,149 250 Derivative instruments $ 975 $ — $ 975 $ — Liabilities: Derivative instruments $ 103 $ — $ 103 $ — 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 table provides the level of valuation assumptions used to determine each adjustment and the carrying value of the related individual assets or portfolios at March 31, 2018 and September 30, 2017: March 31, 2018 Total Level 1 Level 2 Level 3 (Dollars in thousands) Impaired loans (1) $ 9,870 $ — $ — $ 9,870 Total $ 9,870 $ — $ — $ 9,870 March 31, 2018 Fair Value at Valuation Technique Unobservable Input Range/(Weighted (Dollars in thousands) Impaired loans (1) $ 9,870 Appraisal of collateral (2) Collateral discounts (3) 9.5%-21.4%%/(12.2%) Total $ 9,870 (1) At March 31, 2018, consisted of nine loans with an aggregate balance of $10.2 million and with $0.4 million 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 $0.4 million and with $0.2 million 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 financial instruments	The carrying amount and estimated fair value of the Company’s financial instruments as of March 31, 2018 and September 30, 2017 are presented below: Carrying Fair Value Level 1 Level 2 Level 3 (Dollars in thousands) March 31,2018: Financial assets: Cash and cash equivalents $ 121,710 $ 121,710 $ 121,710 $ — $ — Investment securities available-for-sale 44,341 44,341 29,942 14,149 250 Investment securities held-to-maturity 33,052 32,094 — 32,094 — Loans receivable, net (including impaired loans) 837,314 830,576 — — 830,576 Accrued interest receivable 3,583 3,583 — 3,583 — Restricted stock 8,583 8,583 — 8,583 — Mortgage servicing rights (included in Other Assets) 244 285 — 285 — Derivatives (included in Other Assets) 975 975 — 975 — Financial liabilities: Savings accounts 44,716 44,716 — 44,716 — Checking and NOW accounts 229,046 229,046 — 229,046 — Money market accounts 293,813 293,813 — 293,813 — Certificates of deposit 257,994 259,949 — 259,949 — Borrowings(excluding sub debt) 120,500 120,362 — 120,362 — Subordinated debt 24,382 24,382 — 24,382 — Derivatives (included in Other Liabilities) 103 103 — 103 — Accrued interest payable 713 713 — 713 — 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 —

Comprehensive Income (Tables)

Comprehensive Income (Tables)	6 Months Ended
Comprehensive Income (Tables)	Mar. 31, 2018
Equity [Abstract]
Schedule of components of accumulated other comprehensive income (loss)	The components of accumulated other comprehensive income (loss) included in shareholders’ equity are as follows: March 31, September 30, 2018 2017 (Dollars in thousands) Net unrealized holding (losses) gains on available-for-sale securities $ (495 ) $ (282 ) Tax effect 121 96 Net of tax amount (374 ) (186 ) Fair value adjustments on derivatives 872 376 Tax effect (213 ) (128 ) Net of tax amount 659 248 Total accumulated other comprehensive income $ 285 $ 62
Schedule of other comprehensive income and related tax effects	Other comprehensive income and related tax effects are presented in the following table: Three Months Ended March 31, Six Months Ended March 31, (Dollars in thousands) 2018 2017 2018 2017 Net unrealized holding gains (losses) on available-for-sale securities $ (136 ) $ 352 $ (219 ) $ (745 ) Net realized gains on securities available-for-sale — (58 ) — (58 ) Amortization (accretion) of unrealized holding losses on securities available-for-sale transferred to held-to-maturity 4 2 6 6 Fair value adjustments on derivatives 253 74 495 1,019 Other comprehensive income before taxes 121 370 282 222 Tax effect (84 ) (127 ) (83 ) (76 ) Total comprehensive income $ 37 $ 243 $ 199 $ 146

Equity Based Incentive Compen29

Equity Based Incentive Compensation Plan (Tables)	6 Months Ended
Equity Based Incentive Compensation Plan (Tables)	Mar. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of stock option activity	The following is a summary of stock option activity for the six months ended March 31, 2018: Shares Weighted Average Exercise Weighted Average Remaining Contractual Term (In Years) Aggregate Intrinsic Outstanding, beginning of fiscal year 11,000 $ 19.19 $ 83,170 Granted 4,664 26.20 — Exercised — — — Forfeited/cancelled/expired — — — Outstanding, at March 31, 2018 15,664 $ 21.28 8.963 $ 74,920 Exercisable at March 31, 2018 3,000 $ 18.34 8.463 $ 22,968 Nonvested at March 31, 2018 12,664 $ 21.97 8.963 $ 74,920
Schedule of restricted stock outstanding	The table below summarizes the activity for the Company’s restricted stock outstanding during the six months ended at March 31, 2018: Shares Weighted Nonvested at September 30, 2017 10,711 $ 20.36 Granted 4,768 26.20 Vested (2,211 ) 20.27 Forfeited/cancelled/expired — — Nonvested at March 31, 2018 13,268 $ 22.47

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Earnings Per Share [Abstract]
Net Income	$ 2,018	$ 1,170	$ 2,421	$ 2,143
Weighted average shares outstanding	6,572,443	6,565,461	6,572,525	6,562,865
Average unearned ESOP shares	(123,752)	(138,152)	(125,566)	(139,966)
Basic weighted average shares outstanding	6,448,691	6,427,309	6,446,959	6,422,899
Plus: effect of dilutive options	3,555	623	4,246	370
Diluted weighted average common shares outstanding	6,452,246	6,427,932	6,451,205	6,423,269
Earnings per share:
Basic (in dollars per share)	$ 0.31	$ 0.18	$ 0.38	$ 0.33
Diluted (in dollars per share)	$ 0.31	$ 0.18	$ 0.38	$ 0.33

Earnings Per Share (Details Nar

Earnings Per Share (Details Narrative) - shares	3 Months Ended	6 Months Ended
Earnings Per Share (Details Narrative) - shares	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Restricted shares issued	12,552	4,768	12,552
Employee Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stock options	7,000	4,664	7,000

Employee Stock Ownership Plan (

Employee Stock Ownership Plan (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		4 Months Ended	6 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Sep. 30, 2008	Mar. 31, 2018	Mar. 31, 2017
Employee Stock Ownership Plan (ESOP), Shares in ESOP [Abstract]
Employee stock ownership plan (ESOP), shares purchased			241,178
Employee stock ownership plan (ESOP), amount borrowed			$ 2,600
Average price of shares purchased (in dollars per share)			$ 10.86
Employee stock ownership plan (ESOP), debt structure, direct loan, description			The loan, which bears an interest rate of 5%, is being repaid in quarterly installments through 2026.
Committed to be released ESOP shares	3,600	3,600		7,200	7,200
Number of unallocated shares	121,965			121,965
Number of allocated shares held by the ESOP	137,253			137,253
Aggregate fair value of shares held by the ESOP	$ 3,200			$ 3,200

Investment Securities (Details)

Investment Securities (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
Investment Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Sep. 30, 2017
Investment Securities Available-for-Sale:
Amortized Cost	$ 44,837	$ 14,869
Gross Unrealized Gains	1	39
Gross Unrealized Losses	(497)	(321)
Fair value	44,341	14,587
Investment Securities Held-to-Maturity:
Amortized Cost	33,052	34,915
Gross Unrealized Gains	5	116
Gross Unrealized Losses	(963)	(465)
Fair Value	32,094	34,566
Total investment securities Amortized Cost	77,889	49,784
Total investment securities Gross Unrealized Gains	6	155
Total investment securities Gross Unrealized Losses	(1,460)	(786)
Total investment securities Fair Value	76,435	49,153
U. S. Government Agencies [Member]
Investment Securities Available-for-Sale:
Amortized Cost	29,999
Gross Unrealized Gains
Gross Unrealized Losses	(57)
Fair value	29,942
Investment Securities Held-to-Maturity:
Amortized Cost	1,999	1,999
Gross Unrealized Gains
Gross Unrealized Losses	(24)	(8)
Fair Value	1,975	1,991
State And Municipal Obligations [Member]
Investment Securities Available-for-Sale:
Amortized Cost	6,972	6,992
Gross Unrealized Gains	1	39
Gross Unrealized Losses	(32)	(2)
Fair value	6,941	7,029
Investment Securities Held-to-Maturity:
Amortized Cost	9,447	9,574
Gross Unrealized Gains	5	89
Gross Unrealized Losses	(40)
Fair Value	9,412	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	(82)	(66)
Fair value	918	934
Corporate Debt Securities [Member]
Investment Securities Available-for-Sale:
Amortized Cost	6,616	6,627
Gross Unrealized Gains
Gross Unrealized Losses	(326)	(253)
Fair value	6,290	6,374
Investment Securities Held-to-Maturity:
Amortized Cost	3,767	3,818
Gross Unrealized Gains		26
Gross Unrealized Losses	(45)
Fair Value	3,722	3,844
Collateralized Mortgage Obligations [Member] \| Fixed Rate [Member]
Investment Securities Held-to-Maturity:
Amortized Cost	17,839	19,524
Gross Unrealized Gains		1
Gross Unrealized Losses	(854)	(457)
Fair Value	16,985	19,068
Mutual Fund [Member]
Investment Securities Available-for-Sale:
Amortized Cost	250	250
Gross Unrealized Gains
Gross Unrealized Losses
Fair value	$ 250	$ 250

Investment Securities (Details

Investment Securities (Details 1) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
Investment Securities (Details 1) - USD ($) $ in Thousands	Mar. 31, 2018	Sep. 30, 2017
Investment Securities Available-for-Sale:
Less than 12 Months: Fair Value	$ 35,324
Less than 12 Months: Unrealized Losses	(83)
12 Months or longer: Fair Value	7,703	7,809
12 Months or longer: Unrealized Losses	(414)	(321)
Total: Fair Value	43,027	7,809
Total: Unrealized Losses	(497)	(321)
Investment Securities Held-to-Maturity:
Less than 12 Months: Fair Value	12,748
Less than 12 Months: Unrealized Losses	(108)
12 Months or longer: Fair Value	18,163	20,893
12 Months or longer: Unrealized Losses	(855)	(465)
Total: Fair Value	30,911	20,893
Total: Unrealized Losses	(963)	(465)
Total investment securities in an unrealized loss position less than 12 months fair value	48,072
Total investment securities in an unrealized loss position less than 12 months gross unrealized loss	(191)
Total investment securities in an unrealized loss position 12 months or more fair value	25,866	28,702
Total investment securities in an unrealized loss position 12 months or more gross unrealized loss	(1,269)	(786)
Total investment securities in an unrealized loss position fair value	73,938	28,702
Total investment securities in an unrealized loss position gross unrealized loss	(1,460)	(786)
U. S. Government Agencies [Member]
Investment Securities Available-for-Sale:
Less than 12 Months: Fair Value	29,942
Less than 12 Months: Unrealized Losses	(57)
12 Months or longer: Fair Value
12 Months or longer: Unrealized Losses
Total: Fair Value	29,942
Total: Unrealized Losses	(57)
Investment Securities Held-to-Maturity:
Less than 12 Months: Fair Value
Less than 12 Months: Unrealized Losses
12 Months or longer: Fair Value	1,975	1,991
12 Months or longer: Unrealized Losses	(24)	(8)
Total: Fair Value	1,975	1,991
Total: Unrealized Losses	(24)	(8)
State And Municipal Obligations [Member]
Investment Securities Available-for-Sale:
Less than 12 Months: Fair Value	5,382
Less than 12 Months: Unrealized Losses	(26)
12 Months or longer: Fair Value	495	500
12 Months or longer: Unrealized Losses	(6)	(2)
Total: Fair Value	5,877	500
Total: Unrealized Losses	(32)	(2)
Investment Securities Held-to-Maturity:
Less than 12 Months: Fair Value	8,229
Less than 12 Months: Unrealized Losses	(40)
12 Months or longer: Fair Value
12 Months or longer: Unrealized Losses
Total: Fair Value	8,229
Total: Unrealized Losses	(40)
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	918	934
12 Months or longer: Unrealized Losses	(82)	(66)
Total: Fair Value	918	934
Total: Unrealized Losses	(82)	(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	6,290	6,375
12 Months or longer: Unrealized Losses	(326)	(253)
Total: Fair Value	6,290	6,375
Total: Unrealized Losses	(326)	(253)
Investment Securities Held-to-Maturity:
Less than 12 Months: Fair Value	3,722
Less than 12 Months: Unrealized Losses	(45)
12 Months or longer: Fair Value
12 Months or longer: Unrealized Losses
Total: Fair Value	3,722
Total: Unrealized Losses	(45)
Collateralized Mortgage Obligations [Member] \| Fixed Rate [Member]
Investment Securities Held-to-Maturity:
Less than 12 Months: Fair Value	797
Less than 12 Months: Unrealized Losses	(23)
12 Months or longer: Fair Value	16,188	18,902
12 Months or longer: Unrealized Losses	(831)	(457)
Total: Fair Value	16,985	18,902
Total: Unrealized Losses	$ (854)	$ (457)

Investment Securities (Detail35

Investment Securities (Details 2) - USD ($) $ in Thousands	Mar. 31, 2018	Sep. 30, 2017
Available for Sale, Amortized Cost:
Due in one year or less	$ 29,999
Due after one year through five years	7,556
Due after five years through ten years	5,827
Due after ten years	1,455
Available-for-sale Securities, Amortized Cost Basis, Total	44,837	$ 14,869
Available for Sale, Fair Value:
Due in one year or less	29,942
Due after one year through five years	7,435
Due after five years through ten years	5,591
Due after ten years	1,373
Available-for-sale Securities, Fair value, Total	44,341	14,587
Held-to-Maturity, Amortized Cost:
Due after one year through five years	1,999
Due after five years through ten years	6,170
Due after ten years	24,883
Held-to-maturity Securities, Amortized Cost, Total	33,052	34,915
Held-to-Maturity, Fair Value:
Due after one year through five years	1,975
Due after five years through ten years	6,092
Due after ten years	24,027
Held-to-maturity Securities, Fair Value, Total	32,094	34,566
Total investment securities Amortized Cost	77,889	49,784
Total investment securities Fair Value	$ 76,435	$ 49,153

Investment Securities (Detail36

Investment Securities (Details Narrative) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Mar. 31, 2017	Mar. 31, 2017	Mar. 31, 2018	Sep. 30, 2017
Investments, Debt and Equity Securities [Abstract]
Proceeds from sale of securities available for sale	$ 3,900	$ 3,900
Available-for-sale securities, gross realized gains	$ 100	$ 100
Fair value of available for sale securities trasferred			$ 42,100	$ 9,600

Investment Securities (Detail37

Investment Securities (Details Narrative 1)	Mar. 31, 2018N
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	16
Corporate Debt Securities [Member]
Schedule of Investments [Line Items]
Number of securities held in an unrealized loss position	4
Mortgage Backed Securities [Member]
Schedule of Investments [Line Items]
Number of securities held in an unrealized loss position	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 38

Loans Receivable and Related Allowance for Loan Losses (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016
Financing Receivable, Impaired [Line Items]
Total loans	$ 845,200		$ 842,146	$ 759,206
Deferred loan fees and cost, net	579		590
Allowance for loan losses	(8,465)	$ (8,437)	(8,405)	(7,181)	$ (6,177)	$ (5,434)
Total loans receivable, net	837,314		834,331
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Total loans	184,318		192,500	192,775
Allowance for loan losses	(987)	(1,029)	(1,004)	(1,042)	(1,162)	(1,201)
Construction and Development - Residential and Commercial Receivables [Member]
Financing Receivable, Impaired [Line Items]
Total loans	35,213		35,622	46,721
Allowance for loan losses	(397)	(532)	(523)	(1,343)	(874)	(199)
Construction And Development - Land Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	21,727		18,377	14,322
Allowance for loan losses	(158)	(130)	(132)	(128)	(90)	(97)
Construction And Development Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	56,940		53,999
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Total loans	445,995		437,760	383,170
Allowance for loan losses	(4,046)	(4,260)	(3,581)	(2,479)	(2,215)	(1,874)
Commercial Farmland [Member]
Financing Receivable, Impaired [Line Items]
Total loans	12,069		1,723
Commercial Multi Family Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	32,608		39,768	12,838
Allowance for loan losses	(195)	(200)	(224)	(67)	(106)	(109)
Commercial - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	75,368		74,837	63,551
Allowance for loan losses	(490)	(449)	(541)	(369)	(208)	(158)
Commercial [Member]
Financing Receivable, Impaired [Line Items]
Total loans	566,040		554,088
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Total loans	15,538		16,509	19,214
Allowance for loan losses	(87)	(94)	(90)	(107)	(111)	(116)
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	19,960		22,480	25,103
Allowance for loan losses	(407)	(463)	(402)	(415)	(408)	(467)
Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	2,404		2,570	1,512
Allowance for loan losses	(27)	$ (30)	(27)	$ (20)	$ (28)	$ (34)
Consumer Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	$ 37,902		$ 41,559

Loans Receivable and Related 39

Loans Receivable and Related Allowance for Loan Losses (Details 1) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017	Sep. 30, 2017
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, beginning balance	$ 8,437	$ 6,177	$ 8,405	$ 5,434	$ 5,434
Charge-offs	(281)	(50)	(283)	(126)	(223)
Recoveries	69	57	103	216	403
Provision (credit)	240	997	240	1,657	2,791
Allowance for loan losses, ending balance	8,465	7,181	8,465	7,181	8,405
Allowance for loan losses: ending balance: individually evaluated for impairment	421	215	421	215	237
Allowance for loan losses: ending balance: collectively evaluated for impairment	8,044	6,966	8,044	6,966	8,168
Loans receivable, ending balance	845,200	759,206	845,200	759,206	842,146
Loans receivable: ending balance: individually evaluated for impairment	20,795	3,438	20,795	3,438	3,520
Loans Receivable: ending balance: collectively evaluated for impairment	824,405	755,768	824,405	755,768	838,626
Residential Mortgage [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, beginning balance	1,029	1,162	1,004	1,201	1,201
Charge-offs	(6)		(6)
Recoveries	56		58		2
Provision (credit)	(92)	(120)	(69)	(159)	(199)
Allowance for loan losses, ending balance	987	1,042	987	1,042	1,004
Allowance for loan losses: ending balance: individually evaluated for impairment
Allowance for loan losses: ending balance: collectively evaluated for impairment	987	1,042	987	1,042	1,004
Loans receivable, ending balance	184,318	192,775	184,318	192,775	192,500
Loans receivable: ending balance: individually evaluated for impairment	2,420	2,094	2,420	2,094	2,262
Loans Receivable: ending balance: collectively evaluated for impairment	181,898	190,681	181,898	190,681	190,238
Construction and Development - Residential and Commercial Receivables [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, beginning balance	532	874	523	199	199
Charge-offs
Recoveries				90	90
Provision (credit)	(135)	469	(126)	1,054	234
Allowance for loan losses, ending balance	397	1,343	397	1,343	523
Allowance for loan losses: ending balance: individually evaluated for impairment
Allowance for loan losses: ending balance: collectively evaluated for impairment	397	1,343	397	1,343	523
Loans receivable, ending balance	35,213	46,721	35,213	46,721	35,622
Loans receivable: ending balance: individually evaluated for impairment		109		109
Loans Receivable: ending balance: collectively evaluated for impairment	35,213	46,612	35,213	46,612	35,622
Construction And Development - Land Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, beginning balance	130	90	132	97	97
Charge-offs
Recoveries
Provision (credit)	28	38	26	31	35
Allowance for loan losses, ending balance	158	128	158	128	132
Allowance for loan losses: ending balance: individually evaluated for impairment
Allowance for loan losses: ending balance: collectively evaluated for impairment	158	128	158	128	132
Loans receivable, ending balance	21,727	14,322	21,727	14,322	18,377
Loans receivable: ending balance: individually evaluated for impairment	85		85		94
Loans Receivable: ending balance: collectively evaluated for impairment	21,642	14,322	21,642	14,322	18,283
Commercial Real Estate [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, beginning balance	4,260	2,215	3,581	1,874	1,874
Charge-offs	(221)		(221)
Recoveries	1	26	10	30	40
Provision (credit)	6	238	676	575	1,667
Allowance for loan losses, ending balance	4,046	2,479	4,046	2,479	3,581
Allowance for loan losses: ending balance: individually evaluated for impairment	243		243
Allowance for loan losses: ending balance: collectively evaluated for impairment	3,803	2,479	3,803	2,479	3,581
Loans receivable, ending balance	445,995	383,170	445,995	383,170	437,760
Loans receivable: ending balance: individually evaluated for impairment	17,535	752	17,535	752	555
Loans Receivable: ending balance: collectively evaluated for impairment	428,460	382,418	428,460	382,418	437,205
Commercial Multi Family Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, beginning balance	200	106	224	109	109
Charge-offs
Recoveries
Provision (credit)	(5)	(39)	(29)	(42)	115
Allowance for loan losses, ending balance	195	67	195	67	224
Allowance for loan losses: ending balance: individually evaluated for impairment
Allowance for loan losses: ending balance: collectively evaluated for impairment	195	67	195	67	224
Loans receivable, ending balance	32,608	12,838	32,608	12,838	39,768
Loans receivable: ending balance: individually evaluated for impairment
Loans Receivable: ending balance: collectively evaluated for impairment	32,608	12,838	32,608	12,838	39,768
Commercial - Other Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, beginning balance	449	208	541	158	158
Charge-offs
Recoveries	1	1	2	6	9
Provision (credit)	40	160	(53)	205	374
Allowance for loan losses, ending balance	490	369	490	369	541
Allowance for loan losses: ending balance: individually evaluated for impairment	45	116	45	116	109
Allowance for loan losses: ending balance: collectively evaluated for impairment	445	253	445	253	432
Loans receivable, ending balance	75,368	63,551	75,368	63,551	74,837
Loans receivable: ending balance: individually evaluated for impairment	45	249	45	249	243
Loans Receivable: ending balance: collectively evaluated for impairment	75,323	63,302	75,323	63,302	74,594
Consumer - Home Equity Lines of Credit [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, beginning balance	94	111	90	116	116
Charge-offs
Recoveries		1	1	2	18
Provision (credit)	(7)	(5)	(4)	(11)	(44)
Allowance for loan losses, ending balance	87	107	87	107	90
Allowance for loan losses: ending balance: individually evaluated for impairment
Allowance for loan losses: ending balance: collectively evaluated for impairment	87	107	87	107	90
Loans receivable, ending balance	15,538	19,214	15,538	19,214	16,509
Loans receivable: ending balance: individually evaluated for impairment	34	60	34	60	10
Loans Receivable: ending balance: collectively evaluated for impairment	15,504	19,154	15,504	19,154	16,499
Consumer - Second Mortgages Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, beginning balance	463	408	402	467	467
Charge-offs	(54)	(50)	(54)	(121)	(218)
Recoveries	9	25	28	82	232
Provision (credit)	(11)	32	31	(13)	(79)
Allowance for loan losses, ending balance	407	415	407	415	402
Allowance for loan losses: ending balance: individually evaluated for impairment	132	99	132	99	128
Allowance for loan losses: ending balance: collectively evaluated for impairment	275	316	275	316	274
Loans receivable, ending balance	19,960	25,103	19,960	25,103	22,480
Loans receivable: ending balance: individually evaluated for impairment	675	174	675	174	356
Loans Receivable: ending balance: collectively evaluated for impairment	19,285	24,929	19,285	24,929	22,124
Consumer - Other Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, beginning balance	30	28	27	34	34
Charge-offs			(2)	(5)	(5)
Recoveries	2	4	4	6	12
Provision (credit)	(5)	(12)	(2)	(15)	(14)
Allowance for loan losses, ending balance	27	20	27	20	27
Allowance for loan losses: ending balance: individually evaluated for impairment	1		1
Allowance for loan losses: ending balance: collectively evaluated for impairment	26	20	26	20	27
Loans receivable, ending balance	2,404	1,512	2,404	1,512	2,570
Loans receivable: ending balance: individually evaluated for impairment	1		1
Loans Receivable: ending balance: collectively evaluated for impairment	2,403	1,512	2,403	1,512	2,570
Unallocated [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, beginning balance	1,238	975	1,872	1,179	1,179
Charge-offs
Recoveries
Provision (credit)	351	236	(283)	32	693
Allowance for loan losses, ending balance	1,589	1,211	1,589	1,211	1,872
Allowance for loan losses: ending balance: individually evaluated for impairment
Allowance for loan losses: ending balance: collectively evaluated for impairment	1,589	$ 1,211	1,589	1,211	1,872
Commercial Farmland [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for loan losses, beginning balance	12		9
Charge-offs
Recoveries
Provision (credit)	70		73		9
Allowance for loan losses, ending balance	82		82		9
Allowance for loan losses: ending balance: individually evaluated for impairment
Allowance for loan losses: ending balance: collectively evaluated for impairment	82		82		9
Loans receivable, ending balance	12,069		12,069		1,723
Loans receivable: ending balance: individually evaluated for impairment
Loans Receivable: ending balance: collectively evaluated for impairment	$ 12,069		$ 12,069		$ 1,723

Loans Receivable and Related 40

Loans Receivable and Related Allowance for Loan Losses (Details 2) - USD ($) $ in Thousands	Mar. 31, 2018	Sep. 30, 2017
Financing Receivable, Impaired [Line Items]
Impaired Loans With Specific Allowance, Recorded Investment	$ 10,175	$ 374
Impaired Loans With Specific Allowance, Related Allowance	421	237
Impaired Loans With No Specific Allowance, Recorded Investment	10,620	3,146
Total Impaired Loans Recorded Investment	20,795	3,520
Total Impaired Loans Unpaid Principal Balance	21,229	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	2,420	2,262
Total Impaired Loans Recorded Investment	2,420	2,262
Total Impaired Loans Unpaid Principal Balance	2,537	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	85	94
Total Impaired Loans Recorded Investment	85	94
Total Impaired Loans Unpaid Principal Balance	85	94
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans With Specific Allowance, Recorded Investment	9,970
Impaired Loans With Specific Allowance, Related Allowance	243
Impaired Loans With No Specific Allowance, Recorded Investment	7,565	555
Total Impaired Loans Recorded Investment	17,535	555
Total Impaired Loans Unpaid Principal Balance	17,756	555
Commercial - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans With Specific Allowance, Recorded Investment	45	243
Impaired Loans With Specific Allowance, Related Allowance	45	109
Impaired Loans With No Specific Allowance, Recorded Investment
Total Impaired Loans Recorded Investment	45	243
Total Impaired Loans Unpaid Principal Balance	45	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	34	10
Total Impaired Loans Recorded Investment	34	10
Total Impaired Loans Unpaid Principal Balance	34	11
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans With Specific Allowance, Recorded Investment	159	131
Impaired Loans With Specific Allowance, Related Allowance	132	128
Impaired Loans With No Specific Allowance, Recorded Investment	516	225
Total Impaired Loans Recorded Investment	675	356
Total Impaired Loans Unpaid Principal Balance	771	$ 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 41

Loans Receivable and Related Allowance for Loan Losses (Details 3) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	$ 10,362	$ 3,327	$ 7,307	$ 3,697
Interest Income Recognized on Impaired Loans	18	21	33	47
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	2,425	2,178	2,408	2,099
Interest Income Recognized on Impaired Loans	2	13	13	33
Land [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	86		88
Interest Income Recognized on Impaired Loans	1		2
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	6,998	755	4,011	1,187
Interest Income Recognized on Impaired Loans	14	5	14	9
Commercial - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	185	86	214	43
Interest Income Recognized on Impaired Loans		2		2
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	12	60	11	65
Interest Income Recognized on Impaired Loans
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	655	139	574	184
Interest Income Recognized on Impaired Loans	1		4
Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	1		1
Interest Income Recognized on Impaired Loans
Construction and Development - Residential and Commercial Receivables [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans		109		109
Interest Income Recognized on Impaired Loans		$ 1		$ 2

Loans Receivable and Related 42

Loans Receivable and Related Allowance for Loan Losses (Details 4) - USD ($) $ in Thousands	Mar. 31, 2018	Sep. 30, 2017	Mar. 31, 2017
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	$ 845,200	$ 842,146	$ 759,206
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	184,318	192,500	192,775
Construction and Development - Residential and Commercial Receivables [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	35,213	35,622	46,721
Construction And Development - Land Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	21,727	18,377	14,322
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	445,995	437,760	383,170
Commercial Farmland [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	12,069	1,723
Commercial Multi Family Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	32,608	39,768	12,838
Commercial - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	75,368	74,837	63,551
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	15,538	16,509	19,214
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	19,960	22,480	25,103
Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	2,404	2,570	$ 1,512
Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	815,127	825,731
Pass [Member] \| Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	181,589	189,925
Pass [Member] \| Construction and Development - Residential and Commercial Receivables [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	35,213	35,622
Pass [Member] \| Construction And Development - Land Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	17,273	13,207
Pass [Member] \| Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	424,881	431,336
Pass [Member] \| Commercial Farmland [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	12,069	1,723
Pass [Member] \| Commercial Multi Family Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	32,261	39,410
Pass [Member] \| Commercial - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	75,156	73,935
Pass [Member] \| Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	15,403	16,399
Pass [Member] \| Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	18,883	21,611
Pass [Member] \| Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	2,399	2,563
Special Mention [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	2,659	5,046
Special Mention [Member] \| Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross		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	2,201	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	347	358
Special Mention [Member] \| Commercial - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross
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	107	112
Special Mention [Member] \| Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	4	6
Substandard [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	27,414	11,369
Substandard [Member] \| Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	2,729	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	4,454	5,170
Substandard [Member] \| Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	18,913	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	212	902
Substandard [Member] \| Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	135	110
Substandard [Member] \| Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	970	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 43

Loans Receivable and Related Allowance for Loan Losses (Details 5) - USD ($) $ in Thousands	Mar. 31, 2018	Sep. 30, 2017
Financing Receivable, Impaired [Line Items]
Total non-accrual loans	$ 2,129	$ 1,038
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Total non-accrual loans	1,130	826
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Total non-accrual loans	575
Commercial - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total non-accrual loans	45
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Total non-accrual loans	34	10
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total non-accrual loans	344	202
Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total non-accrual loans	$ 1

Loans Receivable and Related 44

Loans Receivable and Related Allowance for Loan Losses (Details 6) - USD ($) $ in Thousands	Mar. 31, 2018	Sep. 30, 2017	Mar. 31, 2017
Financing Receivable, Impaired [Line Items]
Current	$ 837,776	$ 836,269
Past Due	7,424	5,877
Total Loans Receivable	845,200	842,146	$ 759,206
Accruing 90 Days or More Past Due	475	173
30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	4,637	2,803
60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	326	2,161
Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	2,461	913
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Current	180,164	189,272
Past Due	4,154	3,228
Total Loans Receivable	184,318	192,500	192,775
Accruing 90 Days or More Past Due	427	31
Residential Mortgage [Member] \| 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	2,597	1,442
Residential Mortgage [Member] \| 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due		1,145
Residential Mortgage [Member] \| Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	1,557	641
Construction and Development - Residential and Commercial Receivables [Member]
Financing Receivable, Impaired [Line Items]
Current	34,446	35,622
Past Due	767
Total Loans Receivable	35,213	35,622	46,721
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	767
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	21,727	18,377
Past Due
Total Loans Receivable	21,727	18,377	14,322
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	444,969	436,804
Past Due	1,026	956
Total Loans Receivable	445,995	437,760	383,170
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	156	160
Commercial Real Estate [Member] \| 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	295	796
Commercial Real Estate [Member] \| Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	575
Commercial Farmland [Member]
Financing Receivable, Impaired [Line Items]
Current	12,069	1,723
Past Due
Total Loans Receivable	12,069	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	32,608	39,768
Past Due
Total Loans Receivable	32,608	39,768	12,838
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	75,323	74,837
Past Due	45
Total Loans Receivable	75,368	74,837	63,551
Accruing 90 Days or More Past Due
Commercial - Other Receivable [Member] \| 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due
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	15,095	16,122
Past Due	443	387
Total Loans Receivable	15,538	16,509	19,214
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	409	350
Consumer - Home Equity Lines of Credit [Member] \| 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due		37
Consumer - Home Equity Lines of Credit [Member] \| Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	34
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Current	18,989	21,183
Past Due	971	1,297
Total Loans Receivable	19,960	22,480	25,103
Accruing 90 Days or More Past Due	47	141
Consumer - Second Mortgages Receivable [Member] \| 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	691	844
Consumer - Second Mortgages Receivable [Member] \| 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	31	182
Consumer - Second Mortgages Receivable [Member] \| Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	249	271
Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Current	2,386	2,561
Past Due	18	9
Total Loans Receivable	2,404	2,570	$ 1,512
Accruing 90 Days or More Past Due	1	1
Consumer - Other Receivable [Member] \| 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	17	7
Consumer - Other Receivable [Member] \| 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due		1
Consumer - Other Receivable [Member] \| Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	$ 1	$ 1

Loans Receivable and Related 45

Loans Receivable and Related Allowance for Loan Losses (Details 7) $ in Thousands	6 Months Ended	12 Months Ended
	Mar. 31, 2018USD ($)N	Sep. 30, 2017USD ($)N
Total Troubled Debt Restructurings, Number of Loans \| N	15	12
Total Troubled Debt Restructurings, Recorded Investment \| $	$ 18,838	$ 2,260
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Number of Loans \| N	2	1
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Recorded Investment \| $	$ 172	$ 22
Residential Mortgage [Member]
Total Troubled Debt Restructurings, Number of Loans \| N	7	6
Total Troubled Debt Restructurings, Recorded Investment \| $	$ 1,650	$ 1,464
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Number of Loans \| N	1
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Recorded Investment \| $	$ 153
Construction And Development - Land Receivable [Member]
Total Troubled Debt Restructurings, Number of Loans \| N	1	1
Total Troubled Debt Restructurings, Recorded Investment \| $	$ 85	$ 94
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Number of Loans \| N
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Recorded Investment \| $
Commercial Real Estate [Member]
Total Troubled Debt Restructurings, Number of Loans \| N	2	2
Total Troubled Debt Restructurings, Recorded Investment \| $	$ 16,960	$ 554
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Number of Loans \| N
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 \| N	3	3
Total Troubled Debt Restructurings, Recorded Investment \| $	$ 143	$ 148
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Number of Loans \| N	1	1
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Recorded Investment \| $	$ 19	$ 22

Loans Receivable and Related 46

Loans Receivable and Related Allowance for Loan Losses (Details 8) - USD ($) $ in Thousands	Mar. 31, 2018	Sep. 30, 2017
Recorded Investment	$ 18,838	$ 2,260
Performing Financing Receivable [Member]
Recorded Investment	18,666	2,238
Nonperforming Financing Receivable [Member]
Recorded Investment	172	22
Residential Mortgage [Member]
Recorded Investment	1,650	1,464
Residential Mortgage [Member] \| Performing Financing Receivable [Member]
Recorded Investment	1,497	1,464
Residential Mortgage [Member] \| Nonperforming Financing Receivable [Member]
Recorded Investment	153
Construction And Development - Land Receivable [Member]
Recorded Investment	85	94
Construction And Development - Land Receivable [Member] \| Performing Financing Receivable [Member]
Recorded Investment	85	94
Construction And Development - Land Receivable [Member] \| Nonperforming Financing Receivable [Member]
Recorded Investment
Commercial Real Estate [Member]
Recorded Investment	16,960	554
Commercial Real Estate [Member] \| Performing Financing Receivable [Member]
Recorded Investment	16,960	554
Commercial Real Estate [Member] \| Nonperforming Financing Receivable [Member]
Recorded Investment
Consumer - Second Mortgages Receivable [Member]
Recorded Investment	143	148
Consumer - Second Mortgages Receivable [Member] \| Performing Financing Receivable [Member]
Recorded Investment	124	126
Consumer - Second Mortgages Receivable [Member] \| Nonperforming Financing Receivable [Member]
Recorded Investment	19	22
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

Loans Receivable and Related 47

Loans Receivable and Related Allowance for Loan Losses (Details 9) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2018USD ($)N	Mar. 31, 2017USD ($)N	Mar. 31, 2018USD ($)N	Mar. 31, 2017USD ($)N
Financing Receivable, Impaired [Line Items]
Number of loans \| N	3	4	3	6
Pre-Modifications Outstanding Recorded Investments	$ 16,620	$ 508	$ 16,620	$ 1,163
Post-Modifications Outstanding Recorded Investments	$ 16,617	$ 508	$ 16,617	$ 1,163
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Number of loans \| N	1	1	1	3
Pre-Modifications Outstanding Recorded Investments	$ 203	$ 234	$ 203	$ 889
Post-Modifications Outstanding Recorded Investments	$ 203	$ 234	$ 203	$ 889
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Number of loans \| N	2	1	2	1
Pre-Modifications Outstanding Recorded Investments	$ 16,417	$ 193	$ 16,417	$ 193
Post-Modifications Outstanding Recorded Investments	$ 16,417	$ 193	$ 16,414	$ 193
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Number of loans \| N		2		2
Pre-Modifications Outstanding Recorded Investments		$ 81		$ 81
Post-Modifications Outstanding Recorded Investments		$ 81		$ 81

Loans Receivable and Related 48

Loans Receivable and Related Allowance for Loan Losses (Details Narrative) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Mar. 31, 2018USD ($)	Mar. 31, 2017USD ($)	Mar. 31, 2018USD ($)N	Mar. 31, 2017USD ($)	Sep. 30, 2017USD ($)N
Non accrual loans interest income	$ 100	$ 100	$ 100	$ 100
Number of loans \| N			15		12
Recorded Investment	18,838		$ 18,838		$ 2,260
Construction and Development - Residential and Commercial Receivables [Member]
Real estate through foreclosure	200		$ 200		$ 300
Commercial Real Estate [Member]
Number of loans \| N			2		2
Recorded Investment	$ 16,960		$ 16,960		$ 554

Regulatory Matters (Details)

Regulatory Matters (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Sep. 30, 2017	Jan. 02, 2016	Jan. 02, 2015
Parent Company [Member]
Capital (to adjusted tangible assets): Actual Amount	$ 105,077	$ 100,779
Common equity Tier 1(to risk-weighted assets): Actual Amount	105,077	100,779
Tier 1 Capital (to risk-weighted assets): Actual Amount	105,077	100,779
Total Capital (to risk-weighted assets): Actual Amount	$ 137,986	$ 133,549
Capital (to adjusted tangible assets): Actual Ratio	9.97%	10.00%
Common equity Tier 1(to risk-weighted assets): Actual Ratio	12.67%	12.28%
Tier 1 Capital (to risk-weighted assets): Actual Ratio	12.67%	12.28%
Total Capital (to risk-weighted assets): Actual Ratio	16.64%	16.27%
Capital (to adjusted tangible assets): For Capital Adequacy Purposes Amount	$ 42,166	$ 40,315
Common equity Tier 1(to risk-weighted assets): For Capital Adequacy Purposes Amount	37,320	36,945
Tier 1 Capital (to risk-weighted assets): For Capital Adequacy Purposes Amount	49,760	49,260
Total Capital (to risk-weighted assets): For Capital Adequacy Purposes Amount	$ 66,347	$ 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	$ 125,936	$ 120,902
Common equity Tier 1(to risk-weighted assets): Actual Amount	125,936	120,902
Tier 1 Capital (to risk-weighted assets): Actual Amount	125,936	120,902
Total Capital (to risk-weighted assets): Actual Amount	$ 134,463	$ 129,369
Capital (to adjusted tangible assets): Actual Ratio	11.96%	12.02%
Common equity Tier 1(to risk-weighted assets): Actual Ratio	15.20%	14.75%
Tier 1 Capital (to risk-weighted assets): Actual Ratio	15.20%	14.75%
Total Capital (to risk-weighted assets): Actual Ratio	16.23%	15.78%	10.50%
Capital (to adjusted tangible assets): For Capital Adequacy Purposes Amount	$ 42,132	$ 40,234
Common equity Tier 1(to risk-weighted assets): For Capital Adequacy Purposes Amount	37,276	36,894
Tier 1 Capital (to risk-weighted assets): For Capital Adequacy Purposes Amount	49,701	49,192
Total Capital (to risk-weighted assets): For Capital Adequacy Purposes Amount	$ 66,268	$ 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	$ 52,664	$ 50,292
Common equity Tier 1(to risk-weighted assets): To be Well Capitalized under Prompt Corrective Action Provisions Capital Amount	53,842	53,292
Tier 1 Capital (to risk-weighted assets): To be Well Capitalized under Prompt Corrective Action Provisions Capital Amount	66,268	65,590
Total Capital (to risk-weighted assets): To be Well Capitalized under Prompt Corrective Action Provisions Capital Amount	$ 82,834	$ 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]	Mar. 31, 2018	Sep. 30, 2017	Jan. 02, 2016	Jan. 02, 2015
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Common equity Tier 1 capital ratio	4.50%	4.50%	7.00%	4.00%
Tier 1 capital ratio	6.00%	6.00%	8.50%	6.00%
Tier 1 Capital coservation buffer			2.50%
Total capital ratio	16.23%	15.78%	10.50%
Capital conservation buffer percentage of risk-weighted assets			0.625%

Derivatives and Hedging Activ51

Derivatives and Hedging Activities (Details) - Designated as Hedging Instrument [Member] - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2018	Sep. 30, 2017
Other Assets [Member] \| Interest Rate Swap Due On August 3, 2020 [Member]
Effective Date	Aug. 3, 2015	Aug. 3, 2015
Notional Amount	$ 15,000	$ 15,000
Fair Value	$ 261	$ 9
Expiration Date	Aug. 3, 2020	Aug. 3, 2020
Other Assets [Member] \| Interest Rate Swap Due On February 1, 2021 [Member]
Effective Date	Feb. 5, 2016	Feb. 5, 2016
Notional Amount	$ 20,000	$ 20,000
Fair Value	$ 714	$ 367
Expiration Date	Feb. 1, 2021	Feb. 1, 2021
Other Liabilities [Member] \| Interest Rate Swap Due On October 22, 2018 [Member]
Effective Date	Oct. 22, 2018
Notional Amount	$ 30,000
Fair Value	$ 103
Expiration Date	Oct. 22, 2021

Derivatives and Hedging Activ52

Derivatives and Hedging Activities (Details 1) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Interest Rate Swap Due On August 3, 2020 [Member]
Derivative [Line Items]
Amount of Gain (Loss) Recognized in OCI (Effective Portion)	$ 140	$ 13	$ 231	$ 351
Amount of Gain (Loss) Reclassified from OCI to Interest Expense	(5)	(30)	(21)	(66)
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)	229	351	368	564
Amount of Gain (Loss) Reclassified from OCI to Interest Expense	18	(66)	21	(39)
Amount of Gain (Loss) Recognized in Other Non-Interest Income (Ineffective Portion)
Interest Rate Swap Due On October 22, 2018 [Member]
Derivative [Line Items]
Amount of Gain (Loss) Recognized in OCI (Effective Portion)	(103)		(103)
Amount of Gain (Loss) Reclassified from OCI to Interest Expense
Amount of Gain (Loss) Recognized in Other Non-Interest Income (Ineffective Portion)

Derivatives and Hedging Activ53

Derivatives and Hedging Activities (Details Narrative) - Interest Rate Swap [Member] - USD ($) $ in Thousands	6 Months Ended
	Mar. 31, 2018	Sep. 30, 2017
Derivative [Line Items]
Estimated interest expense	$ 200
Derivatives net liability position	0	$ 0
Derivatives minimum collateral posting thresholds	$ 0	$ 0

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Sep. 30, 2017
Assets
Investment securities available for sale, at fair value	$ 44,341	$ 14,587
State and municipal obligations [Member]
Assets
Investment securities available for sale, at fair value	6,941	7,029
Single Issuer Trust Preferred Security [Member]
Assets
Investment securities available for sale, at fair value	918	934
Corporate Debt Securities [Member]
Assets
Investment securities available for sale, at fair value	6,290	6,374
Mutual Funds [Member]
Assets
Investment securities available for sale, at fair value	250	250
Fair Value, Measurements, Recurring [Member]
Assets
Investment securities available for sale, at fair value	44,341	14,587
Derivative assets	975
Liabilities:
Derivative instruments	103	376
Fair Value, Measurements, Recurring [Member] \| State and municipal obligations [Member]
Assets
Investment securities available for sale, at fair value	6,941	7,029
Fair Value, Measurements, Recurring [Member] \| Single Issuer Trust Preferred Security [Member]
Assets
Investment securities available for sale, at fair value	918	934
Fair Value, Measurements, Recurring [Member] \| Corporate Debt Securities [Member]
Assets
Investment securities available for sale, at fair value	6,290	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	29,942
Fair Value, Inputs, Level 1 [Member]
Assets
Investment securities available for sale, at fair value	29,942
Derivative assets
Liabilities:
Derivative instruments
Fair Value, Inputs, Level 1 [Member] \| Fair Value, Measurements, Recurring [Member]
Assets
Investment securities available for sale, at fair value	29,942
Derivative assets
Liabilities:
Derivative instruments
Fair Value, Inputs, Level 1 [Member] \| Fair Value, Measurements, Recurring [Member] \| State and municipal obligations [Member]
Assets
Investment securities available for sale, at fair value
Fair Value, Inputs, Level 1 [Member] \| Fair Value, Measurements, Recurring [Member] \| Single Issuer Trust Preferred Security [Member]
Assets
Investment securities available for sale, at fair value
Fair Value, Inputs, Level 1 [Member] \| Fair Value, Measurements, Recurring [Member] \| Corporate Debt Securities [Member]
Assets
Investment securities available for sale, at fair value
Fair Value, Inputs, Level 1 [Member] \| Fair Value, Measurements, Recurring [Member] \| Mutual Funds [Member]
Assets
Investment securities available for sale, at fair value
Fair Value, Inputs, Level 1 [Member] \| Fair Value, Measurements, Recurring [Member] \| U.S. Treasury Notes [Member]
Assets
Investment securities available for sale, at fair value	29,942
Fair Value, Inputs, Level 2 [Member]
Assets
Investment securities available for sale, at fair value	14,149	14,337
Derivative assets	975	376
Liabilities:
Derivative instruments	103
Fair Value, Inputs, Level 2 [Member] \| Fair Value, Measurements, Recurring [Member]
Assets
Investment securities available for sale, at fair value	14,149	14,337
Derivative assets	975
Liabilities:
Derivative instruments	103	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	6,941	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	918	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	6,290	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 assets
Liabilities:
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 assets
Liabilities:
Derivative instruments
Fair Value, Inputs, Level 3 [Member] \| Fair Value, Measurements, Recurring [Member] \| State and municipal obligations [Member]
Assets
Investment securities available for sale, at fair value
Fair Value, Inputs, Level 3 [Member] \| Fair Value, Measurements, Recurring [Member] \| Single Issuer Trust Preferred Security [Member]
Assets
Investment securities available for sale, at fair value
Fair Value, Inputs, Level 3 [Member] \| Fair Value, Measurements, Recurring [Member] \| Corporate Debt Securities [Member]
Assets
Investment securities available for sale, at fair value
Fair Value, Inputs, Level 3 [Member] \| Fair Value, Measurements, Recurring [Member] \| Mutual Funds [Member]
Assets
Investment securities available for sale, at fair value	250	$ 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 (Deta55

Fair Value Measurements (Details 1) - Fair Value, Measurements, Nonrecurring [Member] - USD ($) $ in Thousands	Mar. 31, 2018		Sep. 30, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value, nonrecurring basis	$ 9,870		$ 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	9,870		137
Impaired Loans Net [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value, nonrecurring basis	9,870	[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	$ 9,870	[1]	$ 137	[2]

[1]	At March 31, 2018, consisted of nine loans with an aggregate balance of $10.2 million and with $0.4 million in specific loan loss allowance.
[2]	At September 30, 2017, consisted of five loans with an aggregate balance of $0.4 million and with $0.2 million in specific loan loss allowance.

Fair Value Measurements (Deta56

Fair Value Measurements (Details 2) - USD ($) $ in Thousands	Mar. 31, 2018	Sep. 30, 2017
Financial assets:
Investment securities available for sale, at fair value	$ 44,341	$ 14,587
Investment securities held-to-maturity, fair value	32,094	34,566
Financial liabilities:
Subordinated debt	24,382	24,303
Carrying Amount [Member]
Financial assets:
Cash and cash equivalents	121,710	117,136
Investment securities available for sale, at fair value	44,341	14,587
Investment securities held-to-maturity, fair value	33,052	34,915
Loans receivable, net (including impaired loans)	837,314	834,331
Accrued interest receivable	3,583	3,139
Restricted stock	8,583	5,559
Mortgage servicing rights (included in Other Assets)	244	268
Derivatives (included in Other Assets)	975	376
Financial liabilities:
Savings accounts	44,716	44,526
Checking and NOW accounts	229,046	197,700
Money market accounts	293,813	276,404
Certificates of deposit	257,994	271,766
Borrowings(excluding sub debt)	120,500	123,000
Subordinated debt	24,382	24,303
Derivatives (included in Other Liabilities)	103
Accrued interest payable	713	694
Fair Value [Member]
Financial assets:
Cash and cash equivalents	121,710	117,136
Investment securities available for sale, at fair value	44,341	14,587
Investment securities held-to-maturity, fair value	32,094	34,566
Loans receivable, net (including impaired loans)	830,576	839,242
Accrued interest receivable	3,583	3,139
Restricted stock	8,583	5,559
Mortgage servicing rights (included in Other Assets)	285	271
Derivatives (included in Other Assets)	975	376
Financial liabilities:
Savings accounts	44,716	44,526
Checking and NOW accounts	229,046	197,700
Money market accounts	293,813	276,404
Certificates of deposit	259,949	273,723
Borrowings(excluding sub debt)	120,362	123,658
Subordinated debt	24,382	24,303
Derivatives (included in Other Liabilities)	103
Accrued interest payable	713	694
Fair Value, Inputs, Level 1 [Member]
Financial assets:
Cash and cash equivalents	121,710	117,136
Investment securities available for sale, at fair value	29,942
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)
Derivatives (included in Other Assets)
Financial liabilities:
Savings accounts
Checking and NOW accounts
Money market accounts
Certificates of deposit
Borrowings(excluding sub debt)
Subordinated debt
Derivatives (included in Other Liabilities)
Accrued interest payable
Fair Value, Inputs, Level 2 [Member]
Financial assets:
Cash and cash equivalents
Investment securities available for sale, at fair value	14,149	14,337
Investment securities held-to-maturity, fair value	32,094	34,566
Loans receivable, net (including impaired loans)
Accrued interest receivable	3,583	3,139
Restricted stock	8,583	5,559
Mortgage servicing rights (included in Other Assets)	285	271
Derivatives (included in Other Assets)	975	376
Financial liabilities:
Savings accounts	44,716	44,526
Checking and NOW accounts	229,046	197,700
Money market accounts	293,813	276,404
Certificates of deposit	259,949	273,723
Borrowings(excluding sub debt)	120,362	123,658
Subordinated debt	24,382	24,303
Derivatives (included in Other Liabilities)	103
Accrued interest payable	713	694
Fair Value, Inputs, Level 3 [Member]
Financial assets:
Cash and cash equivalents
Investment securities available for sale, at fair value	250	250
Investment securities held-to-maturity, fair value
Loans receivable, net (including impaired loans)	830,576	839,242
Accrued interest receivable
Restricted stock
Mortgage servicing rights (included in Other Assets)
Derivatives (included in Other Assets)
Financial liabilities:
Savings accounts
Checking and NOW accounts
Money market accounts
Certificates of deposit
Borrowings(excluding sub debt)
Subordinated debt
Derivatives (included in Other Liabilities)
Accrued interest payable

Fair Value Measurements (Deta57

Fair Value Measurements (Details Narrative) - USD ($) $ in Thousands	Mar. 31, 2018	Sep. 30, 2017
Impaired Loans with aggregate balance	$ 10,175	$ 374
Impaired Loans with specific loan loss allowance	421	237
Investment securities available for sale, at fair value	44,341	14,587
Fair Value, Inputs, Level 1 [Member]
Investment securities available for sale, at fair value	29,942
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	44,341	14,587
Fair Value, Measurements, Recurring [Member] \| Fair Value, Inputs, Level 1 [Member]
Investment securities available for sale, at fair value	29,942
Fair Value, Measurements, Recurring [Member] \| Fair Value, Inputs, Level 3 [Member]
Investment securities available for sale, at fair value	$ 250	$ 250

Income Taxes (Details Narrative

Income Taxes (Details Narrative) $ in Thousands	3 Months Ended
Income Taxes (Details Narrative) $ in Thousands	Mar. 31, 2018USD ($)
Federal statutory rate	24.50%
Increase in deferred tax	$ 2,300
Minimum [Member]
Federal statutory rate	21.00%
Maximum [Member]
Federal statutory rate	35.00%

Comprehensive Income (Details)

Comprehensive Income (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
Comprehensive Income (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Sep. 30, 2017
Equity [Abstract]
Net unrealized holding gains (losses) on available-for-sale securities	$ (495)	$ (282)
Tax effect	121	96
Net of tax amount	(374)	(186)
Fair value adjustment on derivatives	872	376
Tax effect	(213)	(128)
Net of tax amount	659	248
Total accumulated other comprehensive loss	$ 285	$ 62

Comprehensive Income (Details 1

Comprehensive Income (Details 1) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Comprehensive Income (Details 1) - USD ($) $ in Thousands	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Equity [Abstract]
Net unrealized holding gains (losses) on available-for-sale securities	$ (136)	$ 352	$ (219)	$ (745)
Net realized gain on securities available-for-sale		(58)		(58)
Amortization (accretion) of unrealized holding losses on securities available-for-sale transferred to held-to-maturity	4	2	6	6
Fair value adjustment on derivatives	253	74	495	1,019
Other comprehensive income before taxes	121	370	282	222
Tax effect	(84)	(127)	(83)	(76)
Total comprehensive income	$ 37	$ 243	$ 199	$ 146

Equity Based Incentive Compen61

Equity Based Incentive Compensation Plan (Details) - Malvern Bancorp, Inc. 2014 Long Term Incentive Compensation Plan (the 2014 Plan) [Member] - Stock Option [Member] - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	6 Months Ended
	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding, beginning of year		11,000
Granted	7,000	4,664	7,000
Exercised
Forfeited/cancelled/expired
Outstanding, end of year		15,664
Exercisable at end of year		3,000
Nonvested at end of year		12,664
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
Exercisable at end of year		18.34
Nonvested at end of year		$ 21.97
Share-based Compensation Arrangement by Share-based Payment Award, Options, Weighted Average Remaining Contractual Life [Roll Forward]
Outstanding, end of year		8 years 11 months 17 days
Exercisable at end of year		8 years 5 months 17 days
Nonvested at end of year		8 years 11 months 17 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Aggregate Intrinsic Value [Roll Forward]
Outstanding, beginning of year		$ 83,170
Forfeited/cancelled/expired
Outstanding, end of year		74,920
Exercisable at end of year		22,968
Nonvested at end of year		$ 51,952

Equity Based Incentive Compen62

Equity Based Incentive Compensation Plan (Details 1) - Malvern Bancorp, Inc. 2014 Long Term Incentive Compensation Plan (the 2014 Plan) [Member] - Restricted Stock [Member]	6 Months Ended
	Mar. 31, 2018$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Outstanding, beginning of year \| shares	10,711
Granted \| shares	4,768
Vested \| shares	(2,211)
Forfeited/cancelled/expired \| shares
Outstanding, end of year \| shares	13,268
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Outstanding, beginning of year \| $ / shares	$ 20.36
Granted \| $ / shares	26.20
Vested \| $ / shares	20.27
Forfeited/cancelled/expired \| $ / shares
Outstanding, end of year \| $ / shares	$ 22.47

Equity Based Incentive Compen63

Equity Based Incentive Compensation Plan (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Share-based compensation			$ 38	$ 4
Malvern Bancorp, Inc. 2014 Long Term Incentive Compensation Plan (the 2014 Plan) [Member]
Maximum number of shares available for grants	400,000		400,000
Number of remaining shares available for future grants	365,357		365,357
Weighted average period			4 years 1 month 24 days
Malvern Bancorp, Inc. 2014 Long Term Incentive Compensation Plan (the 2014 Plan) [Member] \| Stock Option [Member]
Share-based compensation	$ 5		$ 9
Compensation cost not yet recognized	86		$ 86
Granted shares		7,000	4,664	7,000
Malvern Bancorp, Inc. 2014 Long Term Incentive Compensation Plan (the 2014 Plan) [Member] \| Restricted Stock [Member]
Description of vesting right			Restricted stock and option awards granted during fiscal 2017 vest in 20% increments beginning on the one year anniversary of the grant date.
Share-based compensation	18		$ 29
Forfeited shares
Compensation cost not yet recognized	$ 287		$ 287
Weighted average period			4 years 2 months 8 days
Granted shares		12,522	4,768	12,522