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FORECLOSURED REAL ESTATE AND REPOSSESSED ASSETS (Tables) | 9 Months Ended
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Jun. 30, 2020
Real Estate [Abstract] |
Schedule of Changes in Foreclosed Real Estate and Repossessed Assets | The following table provides an analysis of changes in foreclosed real estate and repossessed assets:
| Nine Months Ended June 30, |  |
(Dollars in Thousands) | 2020 |  | 2019
Balance, beginning of period | $ | 29,494 |  |  | $ | 31,638 |
Additions | 5,983 |  |  | 105 |
Reductions: |  |  |
Write-downs | 568 |  |  | 339 |
Net proceeds from sale | 23,086 |  |  | 1,905 |
Gain (loss) on sale | (5,039) |  |  | 15 |
Total reductions | 28,693 |  |  | 2,229 |
Balance, ending of period | $ | 6,784 |  |  | $ | 29,514 |
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) | June 30, 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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