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Net Periodic Benefit Cost-Defined Benefit Plan
6 Months Ended
Mar. 31, 2015
Compensation and Retirement Disclosure [Abstract]  
Net Periodic Benefit Cost-Defined Benefit Plan
9. Net Periodic Benefit Cost-Defined Benefit Plan

For a detailed disclosure on the Bank’s pension and employee benefits plans, please refer to Note 13 of the Company’s Consolidated Financial Statements for the year ended September 30, 2014 included in the Company’s Form 10-K.

The following table comprises the components of net periodic benefit cost for the periods ended (in thousands):

 

     Three Months Ended
March 31,
     Six Months Ended
March 31,
 
     2015      2014      2015      2014  

Service Cost

   $ 218      $ 145      $ 436      $ 289  

Interest Cost

     206        190        412        381  

Expected return on plan assets

     (308 )      (291 )      (616 )      (581 )

Amortization of unrecognized loss

     60        7        120        14  
  

 

 

    

 

 

    

 

 

    

 

 

 

Net periodic benefit cost

$ 176   $ 51   $ 352   $ 103  
  

 

 

    

 

 

    

 

 

    

 

 

 

The Bank plans to contribute $500,000 to its pension plan in 2015.