PARENT COMPANY FINANCIAL STATEMENTS (Tables)

12 Months Ended

Sep. 30, 2015

PARENT COMPANY FINANCIAL STATEMENTS [Abstract]

Condensed Statements of Financial Condition

CONDENSED STATEMENTS OF FINANCIAL CONDITION

September 30,	2015			2014
	(Dollars in Thousands)
ASSETS
Cash and cash equivalents	$	14,280		$	9,439
Investment in subsidiaries		267,623			175,568
Other assets		408			393
Total assets	$	282,311		$	185,400
LIABILITIES AND STOCKHOLDERS' EQUITY
LIABILITIES
Subordinated debentures	$	10,310		$	10,310
Other liabilities		666			288
Total liabilities	$	10,976		$	10,598
STOCKHOLDERS' EQUITY
Common stock	$	82		$	62
Additional paid-in capital		170,749			95,079
Retained earnings		98,359			83,797
Accumulated other comprehensive income (loss)		2,455			(3,409	)
Treasury stock, at cost		(310	)		(727	)
Total stockholders' equity	$	271,335		$	174,802
Total liabilities and stockholders' equity	$	282,311		$	185,400

Condensed Statements of Operations

CONDENSED STATEMENTS OF OPERATIONS

Years ended September 30,	2015			2014			2013
	(Dollars in Thousands)
Total other income	$	-		$	-		$	-
Interest expense		418			348			469
Other expense		269			770			941
Total expense		687			1,118			1,410
Gain (loss) before income taxes and equity in undistributed net income of subsidiaries		(687	)		(1,118	)		(1,410	)
Income tax benefit		(324	)		(422	)		(509	)
Gain (loss) before equity in undistributed net income of subsidiaries		(363	)		(696	)		(901	)
Equity in undistributed net income of subsidiaries		18,418			16,409			14,319
Net income	$	18,055		$	15,713		$	13,418

Condensed Statements of Cash Flows

CONDENSED STATEMENTS OF CASH FLOWS

For the Years Ended September 30,	2015			2014			2013
	(Dollars in Thousands)
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$	18,055		$	15,713		$	13,418
Adjustments to reconcile net income to net cash provided by (used in) operating activites
Depreciation, amortization and accretion, net		-			(310	)		-
Equity in undistributed net income of subsidiaries		(18,418	)		(16,409	)		(14,319	)
Change in other assets		(15	)		246			54
Change in other liabilities		378			(332	)		(339	)
Net cash provided by (used in) operating activities		(0	)		(1,092	)		(1,186	)
CASH FLOWS FROM INVESTING ACTIVITES
Capital contributions to subsidiaries		(67,600	)		-			(6,000	)
Net cash provided by (used in) investing activites		(67,600	)		-			(6,000	)
CASH FLOWS FROM FINANCING ACTIVITIES
Cash dividends paid		(3,493	)		(3,184	)		(2,926	)
Stock compensation		253			4			165
Proceeds from issuance of common stock		75,471			(51	)		12,718
Proceeds from exercise of stock options		210			2,376			2,548
Other, net		-			-			(38	)
Net cash provided by (used in) financing activities		72,441			(855	)		12,467
Net change in cash and cash equivalents	$	4,841		$	(1,947	)	$	5,281
CASH AND CASH EQUIVALENTS
Beginning of year	$	9,439		$	11,386		$	6,105
End of year	$	14,280		$	9,439		$	11,386