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Income Taxes (Tables)
12 Months Ended
Sep. 30, 2014
Income Taxes [Abstract]  
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

 

 

 

 

 

 

 

Years Ended September 30,

 

2014

 

2013

 

(In thousands)

Current income tax expense:

 

 

 

 

 

Federal

$

275 

 

$

105 

State

 

69 

 

 

33 

 

 

344 

 

 

138 

Deferred income tax expense (benefit):

 

 

 

 

 

Federal

 

(6)

 

 

230 

State

 

(2)

 

 

84 

 

 

(8)

 

 

314 

 

$

336 

 

$

452 

 

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

Years Ended September 30,

 

 

 

 

 

Percent

 

 

 

 

Percent

 

 

 

 

of Pretax

 

 

 

 

of Pretax

 

2014

 

Income

 

2013

 

Income

 

(Dollars in thousands)

 

Federal income taxes

$

338 

 

34.0 

% 

 

$

473 

 

34.0 

% 

State income taxes, net of federal income tax effect

 

44 

 

4.4 

% 

 

 

77 

 

5.5 

% 

Non-deductible merger related costs (reimbursement)

 

0 

 

0.0 

%

 

 

(102)

 

(7.3)

%

Other items, net

 

(46)

 

(4.6)

% 

 

 

4 

 

0.3 

% 

Effective Income Taxes

$

336 

 

33.8 

% 

 

$

452 

 

32.5 

%

 

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

 

 

 

 

 

 

 

September 30,

 

2014

 

2013

 

(In thousands)

Deferred tax assets:

 

 

 

 

 

Allowance for loan losses

$

294 

 

$

366 

Depreciation

 

107 

 

 

—

Deferred rent

 

75 

 

 

63 

Benefit plan adjustment (Accumulated Other Comprehensive Income)

 

700 

 

 

599 

Unrealized loss on securities available for sale

 

79 

 

 

473 

Stock based compensation

 

228 

 

 

203 

Interest income and other

 

43 

 

 

152 

Total Deferred Tax Assets

 

1,526 

 

 

1,856 

Deferred tax liabilities:

 

 

 

 

 

Accrued pension

 

274 

 

 

292 

Depreciation

 

—

 

 

26 

Total Deferred Tax Liabilities

 

274 

 

 

318 

Net Deferred Tax Assets Included in Other Assets

$

1,252 

 

$

1,538