Federal Income Taxes (Tables)

12 Months Ended

Sep. 30, 2025

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

The components of the provision for income taxes for the years ended September 30, 2025, 2024 and 2023 were as follows (dollars in thousands):

	2025		2024		2023
Current:
Federal	$	7,453	$	6,506	$	7,167
Deferred	(383)		(383)		(291)
Provision for income taxes	$	7,070	$	6,123	$	6,876

Schedule of Deferred Tax Assets and Liabilities

The components of the Company’s deferred tax assets and liabilities at September 30, 2025 and 2024 were as follows (dollars in thousands):

	2025		2024
Deferred Tax Assets
Allowance for credit losses	$	3,800	$	3,670
Allowance for OREO losses	5		5
OTTI credit impairment on investment securities	38		50
Accrued interest on loans	68		69
Deferred compensation and bonuses	121		163
Reserve for loan commitments	90		69
Operating lease liabilities	646		331
Net unrealized losses on investment securities and investments in equity securities	89		5
Other	435		70
Total deferred tax assets	5,292		4,432

Deferred Tax Liabilities
Goodwill	1,187		1,187
Loan servicing rights	171		288
Depreciation	997		815
Loan fees/costs	1,108		1,044
Prepaid expenses	168		159
Purchase accounting adjustment	83		110
Operating lease ROU assets	619		310
Other	—		27
Total deferred tax liabilities	4,333		3,940
Net deferred tax assets	$	959	$	492

Schedule of Effective Income Tax Rate Reconciliation

The provision for income taxes for the years ended September 30, 2025, 2024 and 2023 differs from that computed at the federal statutory corporate tax rate as follows (dollars in thousands):

	2025		2024		2023
Expected federal income tax provision at statutory rate	$	7,609	$	6,385	$	7,139
BOLI income	(357)		(135)		(148)
Dividends on Employee Stock Ownership Plan ("ESOP") stock	(58)		(58)		(71)
Stock-based compensation tax effect	(95)		(37)		(66)
Other, net	(29)		(32)		22
Provision for income taxes	$	7,070	$	6,123	$	6,876