Fair Value Accounting (Tables)

9 Months Ended

Jun. 30, 2013

Fair Value Disclosures [Abstract]

Assets Measured on a Recurring Basis

The following tables present the financial instruments measured at fair value on a recurring basis as of June 30, 2013 and September 30, 2012:

	Fair Value		Quoted Prices in Active Markets for Identical Instruments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
June 30, 2013
Securities available for sale:
U.S. Agency securities	$	19,813			$	19,813
U.S. Agency mortgage-backed securities	6,323		—		6,323		—
U.S. Agency Floating Rate Bonds	6,731		—		6,731		—
Fannie Mae mortgage-backed securities	14,507		—		14,507		—
Freddie Mac mortgage-backed securities	9,671		—		9,671		—
Non-agency mortgage-backed securities	1,371		—		—		1,371
General Obligation Municipal Bonds	9,256		—		9,256		—
Revenue Municipal Bonds	1,505		—		1,505		—
Total	$	69,177	$	—	$	67,806	$	1,371
September 30, 2012
Securities available for sale:
U.S. Agency mortgage-backed securities	$	17,022	$	—	$	17,022	$	—
U.S. Agency Floating Rate Bonds	7,977		—		7,977		—
Fannie Mae mortgage-backed securities	11,817		—		11,817		—
Freddie Mac mortgage-backed securities	11,887		—		11,887		—
Non-agency mortgage-backed securities	6,586		—		—		6,586
General Obligation Municipal Bonds	9,463		—		9,463		—
Revenue Municipal Bonds	2,359		—		2,359		—
Total	$	67,111	$	—	$	60,525	$	6,586

Reconciliation of residential mortgage-backed securities

The following table presents a reconciliation of non-agency mortgage-backed securities held by the Bank measured at fair value on a recurring basis using significant unobservable inputs (Level 3) for the nine months ended, June 30, 2013 and 2012:

	Nine Months Ended
	June 30, 2013			June 30, 2012
Balance beginning of period	$	6,586		$	9,143
Total gains or losses (realized/unrealized):
Included in earnings	(790		)	(673		)
Included in other comprehensive loss	1,074			1,379
Sales	(3,802		)	—
Payments, accretion and amortization	(1,697		)	(2,433		)
Balance end of period	$	1,371		$	7,416

Assets Measured on a Nonrecurring Basis

The following tables present the financial instruments measured at fair value on a nonrecurring basis as of June 30, 2013 and September 30, 2012:

	Fair Value		Quoted Prices in Active Markets for Identical Instruments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level  3)
June 30, 2013
Foreclosed and repossessed assets, net	$	808	$	—	$	—	$	808
Loans restructured in a TDR	8,414		—		—		8,414
Total	$	9,222	$	—	$	—	$	9,222
September 30, 2012
Foreclosed and repossessed assets, net	$	542	$	—	$	—	$	542
Loans restructured in a TDR	7,511		—		—		7,511
Total	$	8,053	$	—	$	—	$	8,053

Carrying amount and estimated fair value of financial instruments

The carrying amount and estimated fair value of financial instruments as of the dates indicated were as follows:

	June 30, 2013				September 30, 2012
	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
Financial assets:
Cash and cash equivalents	$	27,882	$	27,882	$	23,259	$	23,259
Interest-bearing deposits	1,992		1,992		—		—
Securities available for sale	69,177		69,177		67,111		67,111
FHLB stock	3,300		3,300		3,800		3,800
Loans receivable, net	432,134		450,185		422,044		452,520
Accrued interest receivable	1,481		1,481		1,571		1,571
Financial liabilities:
Deposits	$	442,208	$	446,331	$	422,058	$	427,893
FHLB advances	52,950		53,041		49,250		50,254
Accrued interest payable	31		31		99		99