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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Operating activities    
Net income $ 1,324 $ 935
Adjustment to reconcile net income to net cash provided by operating activities    
Depreciation expense 612 606
Premium amortization on investment securities, net 104 143
Provision for loan losses 782 1,048
Provision for loss on other real estate owned 308 218
Originations of loans held for sale (6,255) (2,651)
Proceeds from the sales of loans receivable 6,617 2,834
Gains on sale of loans receivable (362) (183)
Gains on sales of investment securities (107)
Gains on the sales of other real estate owned (66) (5)
ESOP compensation expense 118 116
Deferred income tax expense 638 689
Increase in accrued interest receivable (85) (95)
Increase in surrender value bank owned life insurance (218) (214)
Increase in other assets (377) (121)
Increase in accrued interest payable 55 17
Increase (decrease) in accounts payable and other liabilities 1,762 (1,174)
Net cash provided by operating activities 4,850 2,163
Investing activities    
Net (increase) decrease in loans receivable (28,166) 371
Purchases of loans receivable (4,463) (12,626)
Proceeds from the sale of loans receivable 3,399
Purchases of investment securities held to maturity (3,492) (3,974)
Purchases of investment securities available for sale (1,443) (6,079)
Sales of investment securities held to maturity 3,408
Principal repayments on investment securities held to maturity 4,542 5,716
Principal repayments on investment securities available for sale 2,246 809
Purchases of premises and equipment (243) (202)
Investment in other real estate owned (182) (34)
Proceeds from other real estate owned 1,279 1,225
(Purchases) redemptions of Federal Home Loan Bank stock (758) 123
Net cash used by investing activities (23,873) (14,671)
Financing activities    
Net (decrease) increase in deposits (7,217) 7,122
Net increase in escrowed funds 541 460
Proceeds from long-term advances 4,059 865
Repayments of long-term advances (2,000) (5,000)
Net change in short-term advances 14,800
Net cash provided by financing activities 10,183 3,447
Net decrease in cash and cash equivalents (8,840) (9,061)
Cash and cash equivalents, beginning of period 22,334 21,806
Cash and cash equivalents, end of period 13,494 12,745
Supplemental disclosures of cash flow information    
Interest 3,204 2,736
Income taxes 964 36
Non-cash investing activities    
Real estate acquired in full satisfaction of loans in foreclosure 1,161
Investment securities transferred from held to maturity to available for sale $ 12,619