v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities    
Net income $ 23,068 $ 20,715
Adjustments to reconcile net income to net cash provided by operating activities:    
Provision for credit losses 997 713
Depreciation 1,100 1,131
Deferred income taxes (82) (73)
Accretion of discount on purchased loans (27) (92)
Amortization of CDI 102 135
Stock-based compensation expense 534 393
Gain on sale of investment securities available for sale, net 0 (24)
Net recoveries on investment securities (39) (9)
Change in fair value of investments in equity securities 6 11
Accretion of discounts and premiums on securities (728) (866)
Gain on sales of loans, net (464) (303)
Loans originated for sale (24,034) (14,059)
Proceeds from sales of loans 22,851 12,599
Amortization of loan servicing rights 432 582
BOLI net earnings (559) (502)
Change in deferred loan origination fees (129) 2
Net change in accrued interest receivable and other assets, and other liabilities and accrued expenses (1,868) (277)
Net cash provided by operating activities 21,160 20,076
Cash flows from investing activities    
Net (increase) decrease in CDs held for investment (747) 1,747
Proceeds from sale of investment securities available for sale 0 13,494
Purchase of investment securities held to maturity (3,935) (5,413)
Purchase of investment securities available for sale (27,881) (40,576)
Proceeds from maturities and prepayments of investment securities held to maturity 23,633 36,324
Proceeds from maturities and prepayments of investment securities available for sale 14,869 12,387
Redemption (purchase) of FHLB stock 392 (8)
Increase in loans receivable, net (33,045) (20,744)
Purchase of premises and equipment (1,565) (1,135)
Purchase of BOLI policies (15,000) 0
Net cash used in investing activities (43,279) (3,924)
Cash flows from financing activities    
Net increase in deposits 46,914 21,809
Repayment of FHLB borrowings (10,000) 0
Proceeds from exercise of stock options 1,594 817
Repurchase of common stock, net of tax (6,968) (3,846)
Payment of dividends (6,767) (6,033)
Net cash provided by financing activities 24,773 12,747
Net increase in cash and cash equivalents 2,654 28,899
Beginning of period 243,428 164,728
End of period 246,082 193,627
Supplemental disclosure of cash flow information    
Income taxes paid 6,084 5,650
Interest paid 23,995 24,253
Supplemental disclosure of non-cash investing activities    
Other comprehensive loss related to investment securities (869) (795)
Loans transferred to OREO and other repossessed assets 0 221
Operating lease liabilities arising from recording of ROU assets $ 1,487 $ 0