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FORECLOSURED REAL ESTATE AND REPOSSESSED ASSETS (Tables) | 6 Months Ended
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Mar. 31, 2020
Real Estate [Abstract] |
Schedule of Foreclosed Real Estate and Repossessed Assets | The following table provides an analysis of changes in foreclosed real estate and repossessed assets:
| Six Months Ended March 31, |  |
(Dollars in Thousands) | 2020 |  | 2019
Balance, beginning of period | $ | 29,494 |  |  | $ | 31,638 |
Additions | 5,983 |  |  | — |
Reductions: |  |  |
Write-downs | 104 |  |  | 200 |
Net proceeds from sale | 23,085 |  |  | 1,905 |
Gain (loss) on sale | (5,039) |  |  | 15 |
Total reductions | 28,228 |  |  | 2,090 |
Balance, ending of period | $ | 7,249 |  |  | $ | 29,548 |
Schedule of Other Real Estate | The following table is a summary of the sale transaction, as reflected in the Company's financial statements:
(Dollars in Thousands) | March 31, 2020
Purchase price | $ | 23,083 |
Carrying value of OREO | 28,122 |
Loss on sale | (5,039) |
Deferred income recognized | 1,096 |
Net impact | $ | (3,943) |

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