ALLOWANCE FOR POSSIBLE LOAN LOSSES

12 Months Ended

Sep. 30, 2012

ALLOWANCE FOR POSSIBLE LOAN LOSSES

ALLOWANCE FOR POSSIBLE LOAN LOSSES

NOTE 4—ALLOWANCE FOR POSSIBLE LOAN LOSSES

        There was no allowance for possible loan losses at September 30, 2012 or 2011. The following is an analysis of the allowance for possible loan losses for the years indicated (dollars in thousands):

	Year Ended September 30,
	2011			2010
Balance at beginning of year	$	3,165		$	1,618
Provision for loan loss		—			3,165
Recovery of previously provided allowance		(3,595	)		(365	)
Charge-offs		(609	)		(1,480	)
Recoveries		1,039			227
Balance at end of year	$	—		$	3,165

        The allowance for possible losses at September 30, 2010 applies to two loans aggregating $26,655,000.