Parent Company (Tables)

12 Months Ended

Sep. 30, 2016

Condensed financial statements of ESSA Bancorp, Inc. are as follows (in thousands):

CONDENSED BALANCE SHEET

	September 30,
	2016		2015

ASSETS
Cash and due from banks	$	7,176	$	2,258
Investment securities available for sale		25		25
Investment in subsidiary		166,327		167,112
Premises and equipment, net		1,118		1,144
Other assets		1,792		801
TOTAL ASSETS	$	176,438	$	171,340

LIABILITIES AND STOCKHOLDERS’ EQUITY
Other liabilities	$	94	$	60
Stockholders’ equity		176,344		171,280

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	176,438	$	171,340

CONDENSED STATEMENT OF INCOME

	Year Ended September 30,
	2016			2015			2014
INCOME
Interest income	$	383		$	376		$	381
Dividends		34,000			8,000			27,000
Total income		34,383			8,376			27,381

EXPENSES
Professional fees		860			755			1,091
Other		50			64			453
Total expenses		910			819			1,544

Income before income tax expense		33,473			7,557			25,837
Income tax benefit		(91	)		(118	)		(905	)

Income before equity in undistributed net earnings of subsidiary		33,564			7,675			26,742
Equity in undistributed net earnings of subsidiary		(25,837	)		2,116			(18,238	)

NET INCOME	$	7,727		$	9,791		$	8,504

COMPREHENSIVE INCOME	$	8,290		$	9,975		$	7,160

CONDENSED STATEMENT OF CASH FLOWS

	Year Ended September 30,
	2106			2015			2014
OPERATING ACTIVITIES
Net income	$	7,727		$	9,791		$	8,504
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed net earnings of subsidiary		25,837			(2,116	)		18,238
Provision for depreciation		26			24			—
(Decrease) increase in accrued income taxes		(369	)		40			(888	)
Decrease in accrued interest receivable		(13	)		8			8
Deferred federal income taxes		3			(3	)		1,480
Other, net		(60	)		458			(634	)
Net cash provided by operating activities		33,151			8,202			26,708

INVESTING ACTIVITIES
Certificate of deposit maturities		—			17			—
Acquisition and additional capitalization of subsidiary, net of cash acquired		(24,203	)		—			(15,174	)
Purchase of premises, equipment and software		—			(41	)		—
Net cash used for investing activities		(24,203	)		(24	)		(15,174	)

FINANCING ACTIVITIES
Repayment of trust-preferred debt		—			—			(6,955	)
Purchase of treasury stock shares		(283	)		(3,132	)		(4,216	)
Dividends on common stock		(3,747	)		(3,546	)		(2,800	)
Net cash used for financing activities		(4,030	)		(6,678	)		(13,971	)

Increase (decrease) in cash		4,918			1,500			(2,437	)

CASH AT BEGINNING OF YEAR		2,258			758			3,195

CASH AT END OF YEAR	$	7,176		$	2,258		$	758