FAIR VALUES OF FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Sep. 30, 2013

FAIR VALUES OF FINANCIAL INSTRUMENTS [Abstract]

Assets measured at fair value on recurring basis

The following table summarizes the fair values of securities available for sale and held to maturity at September 30, 2013 and 2012. Securities available for sale are measured at fair value on a recurring basis, while securities held to maturity are carried at amortized cost in the consolidated statements of financial condition.

	Fair Value at September 30, 2013
	Available For Sale								Held to Maturity
(Dollars in Thousands)	Total		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3
Debt securities
Trust preferred and corporate securities	$	48,784	$	-	$	48,784	$	-	$	-	$	-	$	-	$	-
Agency securities		-		-		-		-		9,613		-		9,613		-
Small Business Administration securities		10,581		-		10,581		-		-		-		-		-
Obligations of states and political subdivisions		1,727		-		1,727		-		18,342		-		18,342		-
Non-bank qualified obligations of states and political subdivisions		238,729		-		238,729		-		169,462		-		169,462		-
Mortgage-backed securities		581,372		-		581,372		-		73,101		-		73,101		-
Total securities	$	881,193	$	-	$	881,193	$	-	$	270,518	$	-	$	270,518	$	-

	Fair Value at September 30, 2012
	Available For Sale								Held to Maturity
(Dollars in Thousands)	Total		Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3
Debt securities
Trust preferred and corporate securities	$	65,497	$	-	$	65,497	$	-	$	-	$	-	$	-	$	-
Asset backed securities		41,324		-		41,324		-		-		-		-		-
Agency securities		39,467		-		39,467		-		-		-		-		-
Small Business Administration securities		19,914		-		19,914		-		-		-		-		-
Obligations of states and political subdivisions		13,153		-		13,153		-		-		-		-		-
Non-bank qualified obligations of states and political subdivisions		255,895		-		255,895		-		-		-		-		-
Mortgage-backed securities		681,442		-		681,442		-		-		-		-		-
Total securities	$	1,116,692	$	-	$	1,116,692	$	-	$	-	$	-	$	-	$	-

Assets measured at fair value on nonrecurring basis

The following table summarizes the assets of the Company that are measured at fair value in the consolidated statements of financial condition on a non-recurring basis as of September 30, 2013 and 2012.

	Fair Value at September 30, 2013
(Dollars in Thousands)	Total		Level 1		Level 2		Level 3

Impaired Loans, net
One to four family residential mortgage loans	$	257	$	-	$	-	$	257
Commercial and multi-family real estate loans		1,810		-		-		1,810
Consumer loans		-		-		-		-
Commercial operating loans		-		-		-		-
Total Impaired Loans		2,067		-		-		2,067
Foreclosed Assets, net		116		-		-		116
Total	$	2,183	$	-	$	-	$	2,183

	Fair Value at September 30, 2012
(Dollars in Thousands)	Total		Level 1		Level 2		Level 3

Impaired Loans, net
One to four family residential mortgage loans	$	336	$	-	$	-	$	336
Commercial and multi-family real estate loans		8,469		-		-		8,469
Consumer loans		1		-		-		1
Commercial operating loans		16		-		-		16
Total Impaired Loans		8,822		-		-		8,822
Foreclosed Assets, net		838		-		-		838
Total	$	9,660	$	-	$	-	$	9,660

Asset quantitative information

	Quantitative Information About Level 3 Fair Value Measurements
(Dollars in Thousands)	Fair Value at September 30, 2013		Fair Value at September 30, 2012		Valuation Technique	Unobservable Input

Impaired Loans, net	$	2,067	$	8,822	Market approach	Appraised values ⁽¹⁾
Foreclosed Assets, net		116		838	Market approach	Appraised values ⁽¹⁾

(1)	The Company generally relies on external appraisers to develop this information. Management reduced the appraised value by estimated selling costs in a range of 4% to 10%.

Carrying and estimated fair value of financial instruments

The following presents the carrying amount and estimated fair value of the financial instruments held by the Company at September 30, 2013 and 2012.

	September 30, 2013
	Carrying Amount		Estimated Fair Value		Level 1		Level 2		Level 3
	(Dollars in Thousands)
Financial assets
Cash and cash equivalents	$	40,063	$	40,063	$	40,063	$	-	$	-
Securities available for sale		881,193		881,193		-		881,193		-
Securities held to maturity		288,026		270,518		-		270,518		-
Loans receivable, net:
One to four family residential mortgage loans		82,287		72,628		-		-		72,628
Commercial and multi-family real estate loans		192,786		200,778		-		-		200,778
Agricultural real estate loans		29,552		30,920		-		-		30,920
Consumer loans		30,314		30,588		-		-		30,588
Commercial operating loans		16,264		15,718		-		-		15,718
Agricultural operating loans		33,750		35,175		-		-		35,175
Total loans receivable, net		384,953		385,807		-		-		385,807

FHLB stock		9,994		9,994		-		9,994		-
Accrued interest receivable		8,582		8,582		8,582		-		-

Financial liabilities
Noninterest bearing demand deposits		1,086,258		1,086,258		1,086,258		-		-
Interest bearing demand deposits, savings, and money markets		97,426		97,426		97,426		-		-
Certificates of deposit		131,599		132,187		-		132,187		-
Total deposits		1,315,283		1,315,871		1,183,684		132,187		-

Advances from FHLB		7,000		9,089		-		9,089		-
Federal funds purchased		190,000		190,000		-		190,001		-
Securities sold under agreements to repurchase		9,146		9,146		-		9,148		-
Subordinated debentures		10,310		10,312		-		10,312		-
Accrued interest payable		291		291		291		-		-

	September 30, 2012
	Carrying Amount		Estimated Fair Value		Level 1		Level 2		Level 3
	(Dollars in Thousands)
Financial assets
Cash and cash equivalents	$	145,051	$	145,051	$	145,051	$	-	$	-
Securities available for sale		1,116,692		1,116,692		-		1,116,692		-
Loans receivable, net:
One to four family residential mortgage loans		49,134		49,936		-		-		49,936
Commercial and multi-family real estate loans		191,905		194,781		-		-		194,781
Agricultural real estate loans		19,861		21,033		-		-		21,033
Consumer loans		32,838		33,488		-		-		33,488
Consumer loans held for sale		-		-		-		-		-
Commercial operating loans		16,452		15,396		-		-		15,396
Agricultural operating loans		20,981		22,714		-		-		22,714
Total loans receivable, net		331,171		337,348		-		-		337,348

FHLB stock		2,120		2,120		-		2,120		-
Accrued interest receivable		6,710		6,710		6,710		-		-

Financial liabilities
Noninterest bearing demand deposits		1,181,299		1,181,299		1,181,299		-		-
Interest bearing demand deposits, savings, and money markets		97,732		97,732		97,732		-		-
Certificates of deposit		100,763		101,701		-		101,701		-
Total deposits		1,379,794		1,380,732		1,279,031		101,701		-

Advances from FHLB		11,000		13,999		-		13,999		-
Securities sold under agreements to repurchase		26,400		26,400		-		26,400		-
Subordinated debentures		10,310		10,318		-		10,318		-
Accrued interest payable		177		177		177		-		-

- Definition

Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

+ References+ Details

- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References+ Details

- Definition

Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such certain disclosures about the financial instruments, assets, and liabilities include: (1) the fair value of the required items together with their carrying amounts (as appropriate) and (2) the methodology and assumptions used in developing such estimates of fair value.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 15

-Subparagraph b-d

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 159

-Paragraph 18

-Subparagraph c(2), d, e, f

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 32

-Subparagraph a, c(1), c(2), c(3), d

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 10

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13433-108611

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 11

-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13467-108611

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 12

-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13476-108611

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 10

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 30

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612

Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 14

-Subparagraph a

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 11: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 45

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6447952&loc=d3e13220-108610

Reference 12: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 159

-Paragraph 19

-Subparagraph a, b, c(1), d(1)

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details