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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Sep. 30, 2022
Cash and cash equivalents:    
Cash and due from financial institutions $ 26,015 $ 24,808 [1]
Interest-bearing deposits in banks 116,468 291,947 [1]
Total cash and cash equivalents 142,483 316,755 [1]
Certificates of deposit (“CDs”) held for investment (at cost, which      approximates fair value) 20,168 22,894 [1]
Investment securities held to maturity, at amortized cost (estimated fair value of $265,092 and $249,783) 277,911 266,608 [1]
Investment securities available for sale, at fair value 54,838 41,415 [1]
Investments in equity securities, at fair value 850 835
Federal Home Loan Bank of Des Moines (“FHLB”) stock, at cost 2,202 2,194 [1]
Other investments, at cost 3,000 3,000 [1]
Loans held for sale 200 748 [1]
Loans receivable, net of allowance for loan losses of $14,698 and $13,703 1,210,193 1,132,426 [1]
Premises and equipment, net 21,744 21,898 [1]
Accrued interest receivable 5,295 4,483 [1]
Bank owned life insurance (“BOLI”) 23,119 22,806 [1]
Goodwill 15,131 15,131 [1]
Core deposit intangible (“CDI”), net 813 948
Loan servicing rights, net 2,535 3,023 [1]
Operating lease right-of-use ("ROU") assets 1,844 1,980 [1]
Other assets 4,292 3,364 [1]
Total assets 1,786,618 1,860,508 [1]
Deposits:    
Non-interest-bearing demand 479,283 530,058 [1]
Interest-bearing 1,069,484 1,102,118 [1]
Total deposits 1,548,767 1,632,176 [1]
Operating lease liabilities 1,935 2,066
Other liabilities and accrued expenses 8,255 7,697 [1]
Total liabilities 1,558,957 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; 8,203,174 shares issued and outstanding - March 31, 2023 8,221,952 shares issued and outstanding - September 30, 2022 37,979 38,751 [2]
Retained earnings 190,177 180,535 [2]
Accumulated other comprehensive loss (495) (717) [2]
Total shareholders’ equity 227,661 218,569 [2]
Total liabilities and shareholders’ equity $ 1,786,618 $ 1,860,508 [2]
[1] Derived from audited consolidated financial statements.
[2] Derived from audited consolidated financial statements.