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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Sep. 30, 2022
Cash and cash equivalents:    
Cash and due from financial institutions $ 31,237 $ 24,808 [1]
Interest-bearing deposits in banks 193,659 291,947 [1]
Total cash and cash equivalents 224,896 316,755 [1]
Certificates of deposit (“CDs”) held for investment (at cost, which      approximates fair value) 23,392 22,894 [1]
Investment securities held to maturity, at amortized cost (estimated fair value of $263,978 and $249,783) 278,585 266,608 [1]
Investment securities available for sale, at fair value 55,841 41,415 [1]
Investments in equity securities, at fair value 837 835
Federal Home Loan Bank of Des Moines (“FHLB”) stock, at cost 2,194 2,194 [1]
Other investments, at cost 3,000 3,000 [1]
Loans held for sale 0 748 [1]
Loans receivable, net of allowance for loan losses of $14,229 and $13,703 1,172,559 1,132,426 [1]
Premises and equipment, net 21,703 21,898 [1]
Accrued interest receivable 5,508 4,483 [1]
Bank owned life insurance (“BOLI”) 22,962 22,806 [1]
Goodwill 15,131 15,131 [1]
Core deposit intangible (“CDI”), net 880 948
Loan servicing rights, net 2,770 3,023 [1]
Operating lease right-of-use ("ROU") assets 1,912 1,980 [1]
Other assets 3,374 3,364 [1]
Total assets 1,835,544 1,860,508 [1]
Deposits:    
Non-interest-bearing demand 494,370 530,058 [1]
Interest-bearing 1,106,720 1,102,118 [1]
Total deposits 1,601,090 1,632,176 [1]
Operating lease liabilities 2,001 2,066
Other liabilities and accrued expenses 8,904 7,697 [1]
Total liabilities 1,611,995 1,641,939 [1]
Shareholders’ equity    
Preferred stock, $0.01 par value; 1,000,000 shares authorized; none issued 0 0 [2]
Common stock, $0.01 par value; 50,000,000 shares authorized; 8,231,197 shares issued and outstanding - December 31, 2022 8,221,952 shares issued and outstanding - September 30, 2022 38,878 38,751 [2]
Retained earnings 185,406 180,535 [2]
Accumulated other comprehensive income (loss) (735) (717) [2]
Total shareholders’ equity 223,549 218,569 [2]
Total liabilities and shareholders’ equity $ 1,835,544 $ 1,860,508 [2]
[1] Derived from audited consolidated financial statements.
[2] Derived from audited consolidated financial statements.