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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Mar. 31, 2018
Mar. 31, 2017
Interest and dividend income:        
Loans receivable $ 43,841 $ 40,602 $ 86,884 $ 79,976
Securities available-for-sale 6,415 4,338 11,488 8,646
Securities held-to-maturity 464 0 845 0
Federal funds and interest earning deposits 488 23 591 57
Federal Home Loan Bank stock dividends 586 466 1,154 878
Total interest and dividend income 51,794 45,429 100,962 89,557
Interest expense:        
Deposits 8,099 6,072 15,731 12,288
Borrowings 4,633 4,579 9,242 9,086
Total interest expense 12,732 10,651 24,973 21,374
Net interest income 39,062 34,778 75,989 68,183
Provision for loan losses 2,000 375 5,400 375
Net interest income after provision for loan losses 37,062 34,403 70,589 67,808
Non-interest income:        
Demand deposit account fees 944 914 1,904 1,765
Bank-owned life insurance 1,064 1,698 2,153 2,785
Title insurance fees 774 967 1,792 2,304
Loan fees and service charges 453 495 995 947
(Loss) gain on securities transactions, net 116 0 55 411
Gain on sale of loans receivable, net 0 102 0 510
Gain on sale of real estate owned 0 209 0 197
Other non-interest income 1,134 1,373 2,261 2,333
Total non-interest income 4,485 5,758 9,160 11,252
Non-interest expense:        
Compensation and employee benefits expense 16,525 15,980 32,146 30,989
Occupancy expense 3,716 3,431 7,102 6,653
Federal insurance premiums expense 428 413 843 825
Advertising expense 847 681 2,255 1,392
Professional fees expense 214 180 611 399
Data processing expense 642 568 1,237 1,098
Other non-interest expense 3,586 3,602 7,306 7,538
Total non-interest expense 25,958 24,855 51,500 48,894
Income before income tax expense 15,589 15,306 28,249 30,166
Income tax expense 3,805 5,012 12,787 9,880
Net income $ 11,784 $ 10,294 $ 15,462 $ 20,286