FEDERAL FUNDS PURCHASED

12 Months Ended

Sep. 30, 2014

Federal Funds Purchased and Securities Sold Under Agreements To Repurchase [Abstract]

FEDERAL FUNDS PURCHASED

(10) FEDERAL FUNDS PURCHASED

The Bank has entered into a federal funds purchased line of credit facility with another financial institution that established a line of credit not to exceed the lesser of $10 million or 25% of the Bank’s equity capital excluding reserves. Availability under the line of credit is subject to continued borrower eligibility and expires on June 30, 2015 unless it is extended.  The line of credit is intended to support short-term liquidity needs, and the agreement states that the Bank may borrow under the facility for up to seven consecutive days without pledging collateral to secure the borrowing. At September 30, 2014 and 2013, the Bank had no outstanding federal funds purchased under the facility.