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Consolidated Statements of Operations (unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Interest and dividend income:        
Interest and fees on loans $ 8,865 $ 6,030 $ 26,125 $ 18,632
Interest on investments 905 591 2,409 1,476
Total interest and dividend income 9,770 6,621 28,534 20,108
Interest expense:        
Interest on deposits 1,432 1,035 3,884 3,204
Interest on FHLB borrowed funds 412 164 987 500
Interest on other borrowed funds 446 107 1,300 308
Total interest expense 2,290 1,306 6,171 4,012
Net interest income before provision for loan losses 7,480 5,315 22,363 16,096
Provision for loan losses 650 0 850 0
Net interest income after provision for loan losses 6,830 5,315 21,513 16,096
Non-interest income:        
Service charges on deposit accounts 413 325 1,303 1,065
Interchange income 338 203 946 575
Loan servicing income 337 62 1,011 205
Gain on sale of mortgage loans 226 206 709 490
Loan fees and service charges 116 96 357 418
Insurance commission income 187 0 540 0
Settlement proceeds 0 0 0 283
Gains (losses) on available for sale securities 4 0 (17) 29
Other 146 99 532 295
Total non-interest income 1,767 991 5,381 3,360
Non-interest expense:        
Compensation and related benefits 3,840 2,395 11,201 7,629
Occupancy 733 565 2,199 2,196
Office 417 304 1,281 897
Data processing 720 476 2,157 1,402
Amortization of intangible assets 161 38 484 119
Amortization of mortgage servicing rights 84 0 250 0
Advertising, marketing and public relations 185 75 480 243
FDIC premium assessment 94 79 351 231
Professional services 735 382 1,746 1,218
Loss (gain) on repossessed assets, net 450 (11) 464 (16)
Other 455 316 1,507 1,050
Total non-interest expense 7,874 4,619 22,120 14,969
Income before provision for income taxes 723 1,687 4,774 4,487
Provision for income taxes 220 604 1,590 1,530
Net income attributable to common stockholders $ 503 $ 1,083 $ 3,184 $ 2,957
Per share information:        
Basic earnings (in usd per share) $ 0.09 $ 0.21 $ 0.54 $ 0.56
Diluted earnings (in usd per share) 0.08 0.20 0.52 0.56
Cash dividends paid (in usd per share) $ 0.00 $ 0.00 $ 0.20 $ 0.16