XML 39 R42.htm IDEA: XBRL DOCUMENT v2.4.1.9
Fair Value Measurements and Fair Value of Financial Instruments (Tables)
12 Months Ended
Sep. 30, 2014
Fair Value Measurements [Abstract]  
Financial Assets Measured at Fair Value on a Recurring Basis [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Level 1)

 

 

 

 

 

 

 

 

 

 

 

Quoted Prices in

 

(Level 2)

 

(Level 3)

 

 

Fair

 

Active Markets for

 

Significant Other

 

Significant

Description

 

Value

 

Identical Assets

 

Observable Inputs

 

Unobservable Inputs

 

 

(In thousands)

September 30, 2014

 

 

 

 

 

 

 

 

 

 

 

 

Securities available for sale:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Government Agencies

 

$

19,573 

 

$

—

 

$

19,573 

 

$

—

Corporate bonds

 

 

4,417 

 

 

—

 

 

4,417 

 

 

—

Municipal bonds

 

 

3,789 

 

 

—

 

 

3,789 

 

 

—

Mortgage-backed securities

 

 

11,586 

 

 

—

 

 

11,586 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Level 1)

 

 

 

 

 

 

 

 

 

 

 

Quoted Prices in

 

(Level 2)

 

(Level 3)

 

 

Fair

 

Active Markets for

 

Significant Other

 

Significant

Description

 

Value

 

Identical Assets

 

Observable Inputs

 

Unobservable Inputs

 

 

(In thousands)

September 30, 2013

 

 

 

 

 

 

 

 

 

 

 

 

Securities available for sale:

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Government Agencies

 

$

18,826 

 

$

—

 

$

18,826 

 

$

—

Corporate bonds

 

 

4,306 

 

 

—

 

 

4,306 

 

 

—

Municipal bonds

 

 

3,727 

 

 

—

 

 

3,727 

 

 

—

Mortgage-backed securities

 

 

13,561 

 

 

—

 

 

13,561 

 

 

—

 

Financial Assets Measured at Fair Value on a Non-Recurring Basis [Table Text Block]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  

(Level 1)

  

(Level 2)

  

 

 

 

 

Quoted Prices in

 

Significant Other

 

(Level 3)

 

Fair

 

Active Markets for

 

Observable

 

Significant

Description

Value

 

Identical Assets

 

Inputs

 

Unobservable Inputs

 

 

  

(In thousands)

  

 

  

 

September 30, 2014

 

  

 

  

 

  

 

Impaired loans

$

1,908 

  

$

—

  

$

—

  

$

1,908 

Other real estate owned

 

183 

 

$

—

 

$

—

 

 

183 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2013

 

 

  

 

 

  

 

 

  

 

 

Impaired loans

$

—

  

$

—

  

$

—

  

$

—

 

Additional Quantitative Information About Assets Measured at Fair Value on a Nonrecurring Basis [Table Text Block]

 

 

 

 

 

 

 

(Dollars in thousands)

September 30, 2014

 

Fair value estimate

Valuation techniques

Unobservable input

Range

Weighted average

Impaired loans

$

1,908 

Appraisals (1)

Liquidation expenses (2)

4.02% to 5.67%

4.84% 

Other real estate owned

 

183 

Appraisals (1)

Liquidation expenses (2)

6.00%

6.00% 

 

Fair Value, by Balance Sheet Grouping [Table Text Block]

The carrying amounts and estimated fair values of financial instruments at September 30, 2014 are summarized as follows:  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Level 1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quoted Prices in

 

(Level 2)

 

(Level 3)

 

 

Carrying

 

Fair

 

Active Markets for

 

Significant Other

 

Significant

Description

 

Amount

 

Value

 

Identical Assets

 

Observable Inputs

 

Unobservable Inputs

 

 

(In thousands)

September 30, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

3,147 

 

$

3,147 

 

$

3,147 

 

$

—

 

$

—

Securities available-for-sale

 

 

39,365 

 

 

39,365 

 

 

—

 

 

39,365 

 

 

—

Loans held for sale

 

 

349 

 

 

349 

 

 

—

 

 

349 

 

 

—

Loans receivable

 

 

223,786 

 

 

221,189 

 

 

—

 

 

—

 

 

221,189 

Accrued interest receivable

 

 

925 

 

 

925 

 

 

—

 

 

925 

 

 

—

Financial liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deposits

 

 

226,782 

 

 

217,765 

 

 

—

 

 

217,765 

 

 

—

FHLB-NY advances

 

 

18,950 

 

 

20,976 

 

 

—

 

 

20,976 

 

 

—

Accrued interest payable

 

 

109 

 

 

109 

 

 

—

 

 

109 

 

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Level 1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quoted Prices in

 

(Level 2)

 

(Level 3)

 

 

Carrying

 

Fair

 

Active Markets for

 

Significant Other

 

Significant

Description

 

Amount

 

Value

 

Identical Assets

 

Observable Inputs

 

Unobservable Inputs

 

 

(In thousands)

September 30, 2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

2,477 

 

$

2,477 

 

$

2,477 

 

$

—

 

$

—

Securities available-for-sale

 

 

40,420 

 

 

40,420 

 

 

—

 

 

40,420 

 

 

—

Loans held for sale

 

 

337 

 

 

337 

 

 

—

 

 

337 

 

 

 

Loans receivable

 

 

207,996 

 

 

224,884 

 

 

—

 

 

—

 

 

224,884 

Accrued interest receivable

 

 

954 

 

 

954 

 

 

—

 

 

954 

 

 

—

Financial liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deposits

 

 

212,312 

 

 

213,595 

 

 

—

 

 

213,595 

 

 

—

FHLB-NY advances

 

 

19,889 

 

 

20,976 

 

 

—

 

 

20,976 

 

 

—

Accrued interest payable

 

 

130 

 

 

130 

 

 

—

 

 

130 

 

 

—