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FORECLOSURED REAL ESTATE AND REPOSSESSED ASSETS (Tables)

6 Months Ended

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)