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Fair Value Measurements and Disclosures about Fair Value of Financial Instruments (Tables)
 9 Months Ended
Jun. 30, 2017
Fair Value Disclosures [Abstract]  
Financial Assets Measured at Fair Value on Recurring and Nonrecurring Basis
The tables below present the balances of financial assets measured at fair value on a recurring and nonrecurring basis as of June 30, 2017 and September 30, 2016. The Company had no liabilities measured at fair value as of June 30, 2017 or September 30, 2016.
 
 
 
Carrying Value
 
 
 
Level 1
 
Level 2
 
Level 3
 
Total
 
 
 
(In thousands)
 
June 30, 2017:
 
 
 
 
 
 
 
 
 
 
 
 
 
Assets Measured - Recurring Basis:
 
 
 
 
 
 
 
 
 
 
 
 
 
Trading account securities
 
$
-
 
$
5,819
 
$
-
 
$
5,819
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Securities available for sale:
 
 
 
 
 
 
 
 
 
 
 
 
 
Agency mortgage-backed
 
$
-
 
$
39,340
 
$
-
 
$
39,340
 
Agency CMO
 
 
-
 
 
14,235
 
 
-
 
 
14,235
 
Privately issued CMO
 
 
-
 
 
2,059
 
 
-
 
 
2,059
 
Privately issued ABS
 
 
-
 
 
3,769
 
 
-
 
 
3,769
 
SBA certificates
 
 
-
 
 
1,050
 
 
-
 
 
1,050
 
Municipal
 
 
-
 
 
117,566
 
 
-
 
 
117,566
 
Total securities available for sale
 
$
-
 
$
178,019
 
$
-
 
$
178,019
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Assets Measured - Nonrecurring Basis:
 
 
 
 
 
 
 
 
 
 
 
 
 
Impaired loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate
 
$
-
 
$
-
 
$
4,400
 
$
4,400
 
Commercial real estate
 
 
-
 
 
-
 
 
5,464
 
 
5,464
 
Land and land development
 
 
-
 
 
-
 
 
314
 
 
314
 
Commercial business
 
 
-
 
 
-
 
 
198
 
 
198
 
Consumer
 
 
-
 
 
-
 
 
194
 
 
194
 
Total impaired loans
 
$
-
 
$
-
 
$
10,570
 
$
10,570
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans held for sale:
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential mortgage loans held for sale
 
$
-
 
$
755
 
$
-
 
$
755
 
SBA loans held for sale
 
 
-
 
 
24,215
 
 
-
 
 
24,215
 
Total loans held for sale
 
$
-
 
$
24,970
 
$
-
 
$
24,970
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loan servicing rights
 
$
-
 
$
-
 
$
1,026
 
$
1,026
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other real estate owned, held for sale:
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate
 
$
-
 
$
-
 
$
179
 
$
179
 
Commercial real estate
 
 
-
 
 
-
 
 
167
 
 
167
 
Total other real estate owned
 
$
-
 
$
-
 
$
346
 
$
346
 
 
 
 
Carrying Value
 
 
 
Level 1
 
Level 2
 
Level 3
 
Total
 
 
 
(In thousands)
 
September 30, 2016:
 
 
 
 
 
 
 
 
 
 
 
 
 
Assets Measured - Recurring Basis:
 
 
 
 
 
 
 
 
 
 
 
 
 
Trading account securities
 
$
-
 
$
9,255
 
$
-
 
$
9,255
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Securities available for sale:
 
 
 
 
 
 
 
 
 
 
 
 
 
Agency bonds and notes
 
$
-
 
$
1,032
 
$
-
 
$
1,032
 
Agency mortgage-backed
 
 
-
 
 
47,405
 
 
-
 
 
47,405
 
Agency CMO
 
 
-
 
 
16,095
 
 
-
 
 
16,095
 
Privately-issued CMO
 
 
-
 
 
2,652
 
 
-
 
 
2,652
 
Privately-issued ABS
 
 
-
 
 
4,532
 
 
-
 
 
4,532
 
SBA certificates
 
 
-
 
 
1,227
 
 
-
 
 
1,227
 
Municipal
 
 
-
 
 
101,550
 
 
-
 
 
101,550
 
Total securities available for sale
 
$
-
 
$
174,493
 
$
-
 
$
174,493
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Assets Measured - Nonrecurring Basis:
 
 
 
 
 
 
 
 
 
 
 
 
 
Impaired loans:
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate
 
$
-
 
$
-
 
$
4,299
 
$
4,299
 
Commercial real estate
 
 
-
 
 
-
 
 
6,298
 
 
6,298
 
Land and land development
 
 
-
 
 
-
 
 
241
 
 
241
 
Commercial business
 
 
-
 
 
-
 
 
231
 
 
231
 
Consumer
 
 
-
 
 
-
 
 
244
 
 
244
 
Total impaired loans
 
$
-
 
$
-
 
$
11,313
 
$
11,313
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans held for sale:
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential mortgage loans held for sale
 
$
-
 
$
384
 
$
-
 
$
384
 
SBA loans held for sale
 
 
-
 
 
5,087
 
 
-
 
 
5,087
 
Total loans held for sale
 
$
-
 
$
5,471
 
$
-
 
$
5,471
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loan servicing rights
 
$
-
 
$
-
 
$
310
 
$
310
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other real estate owned, held for sale:
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential real estate
 
$
-
 
$
-
 
$
397
 
$
397
 
Commercial real estate
 
 
-
 
 
-
 
 
122
 
 
122
 
Total other real estate owned
 
$
-
 
$
-
 
$
519
 
$
519
 
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]
The carrying amounts and estimated fair values of the Company's financial instruments are as follows.
 
 
 
Carrying
 
Fair Value Measurements Using:
 
June 30, 2017:
 
Amount
 
Level 1
 
Level 2
 
Level 3
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(In thousands)
 
 
 
 
 
 
 
 
 
 
 
Financial assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and due from banks
 
$
10,926
 
$
10,926
 
$
-
 
$
-
 
Interest-bearing deposits with banks
 
 
30,164
 
 
30,164
 
 
-
 
 
-
 
Interest-bearing time deposits
 
 
2,555
 
 
-
 
 
2,556
 
 
-
 
Trading account securities
 
 
5,819
 
 
-
 
 
5,819
 
 
-
 
Securities available for sale
 
 
178,019
 
 
-
 
 
178,019
 
 
-
 
Securities held to maturity
 
 
2,955
 
 
-
 
 
3,343
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans, net
 
 
564,771
 
 
-
 
 
-
 
 
557,854
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential  mortgage loans held for sale
 
 
755
 
 
-
 
 
755
 
 
-
 
SBA loans held for sale
 
 
24,215
 
 
-
 
 
24,215
 
 
-
 
FRB and FHLB stock
 
 
6,936
 
 
n/a
 
 
n/a
 
 
n/a
 
Accrued interest receivable
 
 
3,508
 
 
-
 
 
3,508
 
 
-
 
Loan servicing rights (included in other assets)
 
 
1,026
 
 
-
 
 
-
 
 
1,026
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Financial liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
Deposits
 
 
673,900
 
 
-
 
 
-
 
 
674,560
 
Repurchase agreements
 
 
1,347
 
 
-
 
 
1,347
 
 
-
 
Borrowings from FHLB
 
 
100,000
 
 
-
 
 
99,766
 
 
-
 
Accrued interest payable
 
 
265
 
 
-
 
 
265
 
 
-
 
Advance payments by borrowers for taxes and insurance
 
 
992
 
 
-
 
 
992
 
 
-
 
 
 
 
Carrying
 
Fair Value Measurements Using:
 
September 30, 2016:
 
Amount
 
Level 1
 
Level 2
 
Level 3
 
 
 
(In thousands)
 
 
 
 
 
 
 
 
 
 
 
Financial assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and due from banks
 
$
11,449
 
$
11,449
 
$
-
 
$
-
 
Interest-bearing deposits with banks
 
 
17,893
 
 
17,893
 
 
-
 
 
-
 
Interest-bearing time deposits
 
 
3,100
 
 
-
 
 
3,114
 
 
-
 
Trading account securities
 
 
9,255
 
 
-
 
 
9,255
 
 
-
 
Securities available for sale
 
 
174,493
 
 
-
 
 
174,493
 
 
-
 
Securities held to maturity
 
 
3,166
 
 
-
 
 
3,654
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loans, net
 
 
518,611
 
 
-
 
 
-
 
 
522,560
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential mortgage loans held for sale
 
 
384
 
 
-
 
 
384
 
 
-
 
SBA loans held for sale
 
 
5,087
 
 
-
 
 
5,087
 
 
-
 
FRB and FHLB stock
 
 
6,936
 
 
n/a
 
 
n/a
 
 
n/a
 
Accrued interest receivable
 
 
2,806
 
 
-
 
 
2,806
 
 
-
 
Loan servicing rights (included in other assets)
 
 
310
 
 
-
 
 
-
 
 
312
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Financial liabilities:
 
 
 
 
 
 
 
 
 
 
 
 
 
Deposits
 
 
579,467
 
 
-
 
 
-
 
 
581,844
 
Short-term repurchase agreements
 
 
1,345
 
 
-
 
 
1,345
 
 
-
 
Borrowings from FHLB
 
 
121,633
 
 
-
 
 
123,794
 
 
-
 
Accrued interest payable
 
 
195
 
 
-
 
 
195
 
 
-
 
Advance payments by borrowers for taxes and insurance
 
 
1,014
 
 
-
 
 
1,014
 
 
-