CONDENSED PARENT-COMPANY-ONLY FINANCIAL STATEMENTS.

12 Months Ended

Sep. 30, 2011

CONDENSED PARENT-COMPANY-ONLY FINANCIAL STATEMENTS.

CONDENSED PARENT-COMPANY-ONLY FINANCIAL STATEMENTS.

24.       CONDENSED PARENT-COMPANY-ONLY FINANCIAL STATEMENTS.

The following table presents the condensed parent-company-only balance sheets as of September 30, 2011 and 2010, and the condensed parent-company-only statements of income and cash flows of the Company for the years ended September 30, 2011, 2010 and 2009:

Condensed Balance Sheets

	2011		2010
ASSETS:
Cash and cash equivalents	$	119,182	$	109,083
Investment in Bank	136,799,101		134,762,057
Intercompany loan to Bank	3,350,000		1,900,000
Other assets	1,866,536		1,757,055
Total assets	$	142,134,819	$	138,528,195
LIABILITIES:
Subordinated debentures	$	19,589,000	$	19,589,000
Dividends payable	1,043,740		1,029,567
Other liabilities	1,331,893		1,556,347
Total liabilities	21,964,633		22,174,914
STOCKHOLDER’S EQUITY	120,170,186		116,353,281
Total liabilities and stockholder’s equity	$	142,134,819	$	138,528,195

Condensed Statements of Income

	2011			2010			2009
Interest income	$	69,129		$	45,849		$	152,223
Interest expense	505,889			515,307			872,846
Net interest expense	(436,760		)	(469,458		)	(720,623		)
Non-interest income	1,112,099			1,104,379			892,022
Non-interest expense	688,955			551,600			1,201,803
(Loss) income before income taxes and equity in earnings of Bank	(13,616		)	83,321			(1,030,404		)
Income tax (benefit) expense	(3,824		)	6,084			(374,800		)
Net income (loss) before equity in earnings of Bank	(9,792		)	77,237			(655,604		)
Equity in earnings of Bank	8,074,569			3,215,550			5,732,566
Net income	$	8,064,777		$	3,292,787		$	5,076,962
Income available to common shares	$	5,998,761		$	1,232,887		$	3,811,669

Condensed Statements of Cash Flows

	2011			2010			2009
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$	8,064,777		$	3,292,787		$	5,076,962
Adjustments to reconcile net income to net cash from operating activities:
Equity in earnings of Bank	(8,074,569		)	(3,215,550		)	(5,732,566		)
Net change in other assets and liabilities	(319,761		)	1,293,313			(290,999		)
Realized loss on sale of investments	—			—			155,500
Net cash (used in) provided by operating activities	(329,553		)	1,370,550			(791,103		)
CASH FLOWS FROM INVESTING ACTIVITIES:
Cash paid for investment in joint venture	—			(12,500		)	—
Dividends received from Bank	6,000,000			1,500,000			—
Capital contribution to Bank	—			—			(20,000,000		)
(Increase) decrease in intercompany loan	(1,450,000		)	900,000			(800,000		)
Principal payments on mortgage-backed securities	—			—			2,026
Net cash provided by (used in) investing activities	4,550,000			2,387,500			(20,797,974		)
CASH FLOWS FROM FINANCING ACTIVITIES:
Payment of note payable	—			—			(7,640,000		)
Equity trust shares purchased, net	—			(181,552		)	(441,753		)
Equity trust shares purchased from Treasury, net	446,684			—			—
Proceeds from stock options exercised	193,955			196,829			105,949
Proceeds received from Bank for stock-based compensation	1,009,710			1,290,686			1,204,203
Proceeds from cash received in dividend reinvestment plan	—			707,033			785,669
Proceeds from issuance of preferred stock and common stock warrants	—			—			32,501,768
Dividends paid on common stock	(4,177,009		)	(4,053,659		)	(3,922,623		)
Dividends paid on preferred stock	(1,626,900		)	(1,626,900		)	(944,506		)
Common stock issued under employee compensation plan	99,998			—			—
Common stock purchased under dividend reinvestment plan	(27,399		)	—			—
Common stock surrendered to satisfy tax withholding obligations of stock-based compensation	(129,387		)	(78,374		)	(54,972		)
Net cash (used in) provided by financing activities	(4,210,348		)	(3,745,937		)	21,593,735
NET INCREASE IN CASH AND CASH EQUIVALENTS	10,099			12,113			4,658
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	109,083			96,970			92,312
CASH AND CASH EQUIVALENTS AT END OF YEAR	$	119,182		$	109,083		$	96,970