| Fair Value Disclosures [Abstract] | Period [Axis] |
|---|
2015-10-01 - 2016-09-30 |
|---|
Fair Value Disclosures [Abstract] | |
Estimated Fair Value of On-Balance Sheet Financial Instruments | The estimated fair value of the Company’s remaining on-balance sheet financial instruments as of September 30, 2016 and 2015 are summarized below. | | | | | | | | | | | | | | | | | | | | | | September 30, 2016 | | | | | | Estimated Fair Value | | Carrying Value | | Total Estimated Fair Value | | Quoted Prices in Active Markets
(Level 1) | | Significant Other Observable Inputs
(Level 2) | | Significant Unobservable Inputs
(Level 3) | Financial assets: | | | | | | | | | | Cash and cash equivalents | $ | 91,849,499 |
| | $ | 91,849,499 |
| | $ | 91,849,499 |
| | $ | — |
| | $ | — |
| Certificates of deposit held at other financial institutions | 14,496,410 |
| | 14,496,410 |
| | — |
| | 14,496,410 |
| | — |
| Investments available for sale | 206,336,287 |
| | 206,336,287 |
| | — |
| | 206,336,287 |
| | — |
| FHLB stock | 3,361,800 |
| | 3,361,800 |
| | — |
| | 3,361,800 |
| | — |
| Restricted securities, at cost | 279,000 |
| | 279,000 |
| | — |
| | 279,000 |
| | — |
| Loans receivable, net | 994,052,491 |
| | 994,739,059 |
| | — |
| | — |
| | 994,739,059 |
| Loans held for sale | 2,941,982 |
| | 2,991,756 |
| | — |
| | 2,991,756 |
| | — |
| Mortgage servicing rights | 820,557 |
| | 820,557 |
| | — |
| | 820,557 |
| | — |
| Assets held for sale | 975,300 |
| | 975,300 |
| | — |
| | — |
| | 975,300 |
| Accrued interest and dividends receivable | 3,442,051 |
| | 3,442,051 |
| | — |
| | 611,010 |
| | 2,831,041 |
| Financial liabilities: | | | |
| | | | | | | Deposits | $ | 1,161,843,586 |
| | $ | 1,165,687,674 |
| | $ | — |
| | $ | 1,165,687,674 |
| | $ | — |
| FHLB advances | 50,000,000 |
| | 52,282,107 |
| | — |
| | 52,282,107 |
| | — |
| Floating rate junior subordinated debt | 6,587,549 |
| | 6,587,549 |
| | — |
| | 6,587,549 |
| | — |
| Accrued interest payable | 709,629 |
| | 709,629 |
| | — |
| | 709,629 |
| | — |
|
| | | | | | | | | | | | | | | | | | | | | | September 30, 2015 | | | | | | Estimated Fair Value | | Carrying Value | | Total Estimated Fair Value | | Quoted Prices in Active Markets
(Level 1) | | Significant Other Observable Inputs
(Level 2) | | Significant Unobservable Inputs
(Level 3) | Financial assets: | | | | | | | | | | Cash and cash equivalents | $ | 30,343,225 |
| | $ | 30,343,225 |
| | $ | 30,343,225 |
| | $ | — |
| | $ | — |
| Investments available for sale | 184,404,089 |
| | 184,404,089 |
| | — |
| | 184,404,089 |
| | — |
| FHLB stock | 3,515,600 |
| | 3,515,600 |
| | — |
| | 3,515,600 |
| | — |
| Loans receivable, net | 714,761,210 |
| | 710,729,157 |
| | — |
| | — |
| | 710,729,157 |
| Loans held for sale | 1,406,902 |
| | 1,444,042 |
| | — |
| | 1,444,042 |
| | — |
| Mortgage servicing rights | 390,356 |
| | 390,356 |
| | — |
| | 390,356 |
| | — |
| Assets held for sale | 1,657,084 |
| | 1,657,084 |
| | — |
| | — |
| | 1,657,084 |
| Accrued interest and dividends receivable | 2,668,406 |
| | 2,668,406 |
| | — |
| | 517,509 |
| | 2,150,897 |
| Financial liabilities: | | | |
| | | | | | | Deposits | $ | 738,855,076 |
| | $ | 739,513,754 |
| | $ | — |
| | $ | 739,513,754 |
| | $ | — |
| FHLB advances | 62,000,000 |
| | 65,418,947 |
| | — |
| | 65,418,947 |
| | — |
| Accrued interest payable | 221,476 |
| | 221,476 |
| | — |
| | 221,476 |
| | — |
|
|
Assets and Liabilities Measured on Recurring Basis | Assets and liabilities measured at fair value on a recurring basis are summarized below. | | | | | | | | | | | | | | | | | | September 30, 2016 | | Estimated Fair Value | | Quoted Prices in Active Markets
(Level 1) | | Significant Other Observable Inputs
(Level 2) | | Significant Unobservable Inputs
(Level 3) | Assets: | | | | | | | | Investment securities available for sale: | | | | | | | | State and municipal securities | $ | 2,524,167 |
| | $ | — |
| | $ | 2,524,167 |
| | $ | — |
| Collateralized loan obligations | 39,706,728 |
| | — |
| | 39,706,728 |
| | — |
| Mortgage-backed securities: | | | | | | | | FHLMC certificates | 28,024,985 |
| | — |
| | 28,024,985 |
| | — |
| FNMA certificates | 127,403,392 |
| | — |
| | 127,403,392 |
| | — |
| GNMA certificates | 1,512,957 |
| | — |
| | 1,512,957 |
| | — |
| Private-label mortgage securities: | | | | | | | | Investment grade | 811,468 |
| | — |
| | 811,468 |
| | — |
| Split rating (1) | 547,986 |
| | — |
| | 547,986 |
| | — |
| Non-investment grade | 5,804,604 |
| | — |
| | 5,804,604 |
| | — |
| Total investment securities available for sale | 206,336,287 |
| | — |
| | 206,336,287 |
| | — |
| Mortgage servicing rights | 820,557 |
| | — |
| | 820,557 |
| | — |
| Assets held for sale | 975,300 |
| | — |
| | — |
| | 975,300 |
| Total recurring assets at fair value | $ | 208,132,144 |
| | $ | — |
| | $ | 207,156,844 |
| | $ | 975,300 |
|
________________________________ | | (1) | Bonds with split ratings represent securities with both investment and non-investment grades. |
| | | | | | | | | | | | | | | | | | September 30, 2015 | | Estimated Fair Value | | Quoted Prices in Active Markets
(Level 1) | | Significant Other Observable Inputs
(Level 2) | | Significant Unobservable Inputs
(Level 3) | Assets: | | | | | | | | Investment securities available for sale: | | | | | | | | Collateralized loan obligations | $ | 39,496,117 |
| | $ | — |
| | $ | 39,496,117 |
| | $ | — |
| Mortgage–backed securities: | | | | | | | | FHLMC certificates | 35,991,442 |
| | — |
| | 35,991,442 |
| | — |
| FNMA certificates | 98,218,049 |
| | — |
| | 98,218,049 |
| | — |
| GNMA certificates | 1,558,595 |
| | — |
| | 1,558,595 |
| | — |
| Collateralized mortgage obligations: | | | | | | | | FHLMC | 39,214 |
| | — |
| | 39,214 |
| | — |
| FNMA | 63,315 |
| | — |
| | 63,315 |
| | — |
| Private-label mortgage securities: | | | | | | | | Investment grade | 1,031,316 |
| | — |
| | 1,031,316 |
| | — |
| Split rating (1) | 875,416 |
| | — |
| | 875,416 |
| | — |
| Non-investment grade | 7,130,625 |
| | — |
| | 7,130,625 |
| | — |
| Total investment securities available for sale | 184,404,089 |
| | — |
| | 184,404,089 |
| | — |
| Mortgage servicing rights | 390,356 |
| | — |
| | 390,356 |
| | — |
| Assets held for sale | 1,657,084 |
| | — |
| | — |
| | 1,657,084 |
| Total recurring assets at fair value | $ | 186,451,529 |
| | $ | — |
| | $ | 184,794,445 |
| | $ | 1,657,084 |
|
| | (1) | Bonds with split ratings represent securities with both investment and non-investment grades. |
|
Changes in Carrying Value of FDIC Receivable | A reconciliation of the beginning and ending balances of Level 3 assets and liabilities recorded at fair value on a recurring basis is as follows: | | | | | | | | | | Year Ended September 30, | | 2016 | | 2015 | | | | | Fair value, beginning balance | $ | 1,657,084 |
| | $ | 1,744,584 |
| Sales | (356,780 | ) | | — |
| Valuation loss recognized in noninterest expense | (325,004 | ) | | (87,500 | ) | Transfers in and/or out of Level 3 | — |
| | — |
| Fair value, ending balance | $ | 975,300 |
| | $ | 1,657,084 |
|
|
Assets and Liabilities Measured on Nonrecurring Basis | Assets and liabilities measured at fair value on a nonrecurring basis are summarized below. | | | | | | | | | | | | | | | | | | Fair value measurements using: | | Estimated Fair Value | | Quoted Prices in Active Markets
(Level 1) | | Significant Other Observable Inputs
(Level 2) | | Significant Unobservable Inputs
(Level 3) | September 30, 2016 | | | | | | | | Impaired loans | $ | 2,875,691 |
| | $ | — |
| | $ | — |
| | $ | 2,875,691 |
| Other real estate owned | 2,706,461 |
| | — |
| | — |
| | 2,706,461 |
| September 30, 2015 | | | | | | | | Impaired loans | 3,357,250 |
| | — |
| | — |
| | 3,357,250 |
| Other real estate owned | 3,410,538 |
| | — |
| | — |
| | 3,410,538 |
|
|
Quantitative Information about Level 3 Fair Value Measurements | The following table provides information describing the valuation processes used to determine recurring and nonrecurring fair value measurements categorized within Level 3 of the fair value hierarchy. | | | | | | | | | | | | | | | | | | Quantitative Information about Level 3 Fair Value Measurements | | Fair Value | | Valuation Technique | | Unobservable Input | | General Range (Discount) | | Weighted Average Discount | Impaired Loans | $ | 2,875,691 |
| | Property appraisals | | Management discount for property type and recent market volatility | | 19% | | — | | 63% | | 38% | OREO | $ | 2,706,461 |
| | Property appraisals | | Management discount for property type and recent market volatility | | 14% | | — | | 65% | | 31% | Assets Held for Sale | $ | 975,300 |
| | Valuation analysis | | Management discount for property type and recent market volatility | | 44% | | — | | 53% | | 45% |
|