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Consolidated Statement of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
INTEREST INCOME        
Loans receivable, including fees $ 11,032 $ 8,880 $ 34,310 $ 27,366
Investment securities:        
Taxable 1,370 1,636 4,558 4,902
Exempt from federal income tax 73 55 200 158
Other investment income 16 5 63 13
Total interest income 12,491 10,576 39,131 32,439
INTEREST EXPENSE        
Deposits 1,757 1,780 5,576 5,527
Short-term borrowings 27 7 109 18
Other borrowings 858 2,053 2,994 6,679
Total interest expense 2,642 3,840 8,679 12,224
NET INTEREST INCOME 9,849 6,736 30,452 20,215
Provision for loan losses 1,100 600 2,950 1,750
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES 8,749 6,136 27,502 18,465
NONINTEREST INCOME        
Service fees on deposit accounts 797 670 2,315 2,058
Services charges and fees on loans 277 166 774 550
Trust and investment fees 230 262 641 684
Gain on sale of investments, net 11   749 147
Gain on sale of loans, net 11 19 426 27
Earnings on Bank-owned life insurance 235 194 709 588
Insurance commissions 231 177 638 563
Other 8 7 32 25
Total noninterest income 1,800 1,495 6,284 4,642
NONINTEREST EXPENSE        
Compensation and employee benefits 4,690 3,888 14,314 11,804
Occupancy and equipment 956 756 2,935 2,288
Professional fees 549 339 1,453 1,083
Data processing 687 523 2,155 1,512
Advertising 170 110 425 263
Federal Deposit Insurance Corporation (FDIC) premiums 261 168 739 497
Loss (Gain) on foreclosed real estate (100) (17) (498) 90
Merger related costs   168   544
Amortization of intangible assets 250 81 749 243
Other 691 510 2,177 1,738
Total noninterest expense 8,154 6,526 24,449 20,062
Income before income taxes 2,395 1,105 9,337 3,045
Income taxes 519 311 2,542 706
NET INCOME $ 1,876 $ 794 $ 6,795 $ 2,339
Earnings per share        
Basic $ 0.16 $ 0.07 $ 0.58 $ 0.22
Diluted $ 0.16 $ 0.07 $ 0.58 $ 0.22
Dividends per share $ 0.05 $ 0.05 $ 0.15 $ 0.15