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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Interest and dividend income    
Loans receivable and loans held for sale $ 12,764 $ 11,782
Investment securities 439 278
Dividends from mutual funds, FHLB stock and other investments 37 39
Interest-bearing deposits in banks and CDs 951 1,216
Total interest and dividend income 14,191 13,315
Interest expense    
Deposits 1,189 971
Total interest expense 1,189 971
Net interest income 13,002 12,344
Provision for loan losses 200 0
Net interest income after provision for loan losses 12,802 12,344
Non-interest income    
Recoveries on investment securities 103 11
Adjustment for portion of other than temporary impairment (OTTI) transferred from other comprehensive income (loss) (before income taxes) 0 0
Net recoveries on investment securities 103 11
BOLI net earnings 147 157
Gain on sales of loans, net 953 386
Servicing income on loans sold 51 148
Other, net 301 312
Total non-interest income, net 3,938 3,266
Non-interest expense    
Salaries and employee benefits 4,722 4,606
Premises and equipment 894 954
Loss (gain) on sales/dispositions of premises and equipment, net (99) 0
Advertising 183 191
OREO and other repossessed assets, net (1) 50
ATM and debit card interchange transaction fees 440 422
Postage and courier 135 110
State and local taxes 216 196
Professional fees 269 265
Federal Deposit Insurance Corporation (FDIC) insurance (27) 74
Loan administration and foreclosure 89 87
Data processing and telecommunications 584 673
Deposit operations 317 294
Amortization of CDI 101 109
Other 550 531
Total non-interest expense, net 8,373 8,562
Income before income taxes 8,367 7,048
Provision for income taxes 1,715 1,433
Net income $ 6,652 $ 5,615
Net income per common share    
Basic (in dollars per share) $ 0.80 $ 0.68
Diluted (in dollars per share) $ 0.78 $ 0.66
Weighted average common shares outstanding    
Basic (in shares) 8,341,470 8,293,212
Diluted (in shares) 8,475,029 8,457,703
Dividends paid per common share (in dollars per share) $ 0.25 $ 0.23
Deposit Account    
Non-interest income    
Revenue from contract with customer $ 1,200 $ 1,216
Credit and Debit Card    
Non-interest income    
Revenue from contract with customer 1,094 949
Asset Management    
Non-interest income    
Revenue from contract with customer 83 56
Investment Advice    
Non-interest income    
Revenue from contract with customer $ 6 $ 31