Income Taxes (Tables)

3 Months Ended

Dec. 31, 2016

Income tax expense (benefit) for each of the periods shown below consisted of the following:



	Three months ended December 31, 2016		Three months ended December 31, 2015 (As Restated)
Current tax provision
Federal	$	43	$	381
State	12		64
	55		445
Deferred tax (benefit) provision
Federal	354		14
State	58		7
	412		21
Total	$	467	$	466

The provision for income taxes differs from the amount of income tax determined by applying statutory federal income tax rates to pretax income

The provision for income taxes differs from the amount of income tax determined by applying statutory federal income tax rates to pretax income as result of the following differences:



	Three months ended December 31, 2016					Three months ended December 31, 2015 (As Restated)
	Amount			Rate		Amount			Rate
Tax expense at statutory rate	$	478		34.0	%	$	446		34.0	%
State income taxes net of federal taxes	70			5.0		71			5.5
Tax exempt interest	(56		)	(4.0	)	(36		)	(2.7	)
Other	(25		)	(1.8	)	(15		)	(1.2	)
Total	$	467		33.2	%	$	466		35.5	%

Deferred Tax Assets and Liabilities

The following is a summary of the significant components of the Company’s deferred tax assets and liabilities as of December 31, 2016 and September 30, 2016, respectively:



	December 31, 2016			September 30, 2016
Deferred tax assets:
Allowance for loan losses	$	2,318		$	2,377
Deferred loan costs/fees	72			77
Director/officer compensation plans	73			299
Net unrealized loss on securities available for sale	701			—
Economic performance accruals	—			131
Other	162			177
Deferred tax assets	3,326			3,061
Deferred tax liabilities:
Office properties and equipment	(267		)	(291		)
Net unrealized gain on securities available for sale	—			(409		)
Other	(98		)	(98		)
Deferred tax liabilities	(365		)	(798		)
Net deferred tax assets	$	2,961		$	2,263