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MBS And Other Investments (Tables)
 3 Months Ended
Dec. 31, 2013
Investments [Abstract]  
Marketable Securities
MBS and other investments have been classified according to management’s intent and are as follows as of December 31, 2013 and September 30, 2013 (dollars in thousands):
 
Amortized
Cost
 
Gross
Unrealized
Gains
 
Gross
Unrealized
Losses
 
Estimated
Fair Value
December 31, 2013
 
 
 
 
 
 
 
Held to Maturity
 
 
 
 
 
 
 
MBS:
 
 
 
 
 
 
 
U.S. government agencies
$
1,152

 
$
33

 
$
(2
)
 
$
1,183

Private label residential
1,451

 
805

 
(21
)
 
2,235

U.S. agency securities
14

 
1

 
—

 
15

Total
$
2,617

 
$
839

 
$
(23
)
 
$
3,433

 
 
 
 
 
 
 
 
Available for Sale
 

 
 

 
 

 
 

MBS:
 

 
 

 
 

 
 

U.S. government agencies
$
2,012

 
$
111

 
$
(2
)
 
$
2,121

Private label residential
763

 
112

 
(9
)
 
866

Mutual funds
1,000

 
—

 
(57
)
 
943

Total
$
3,775

 
$
223

 
$
(68
)
 
$
3,930

 
 
 
 
 
 
 
 
September 30, 2013
 
 
 
 
 
 
 
Held to Maturity
 

 
 

 
 

 
 

MBS:
 

 
 

 
 

 
 

U.S. government agencies
$
1,202

 
$
31

 
$
(2
)
 
$
1,231

Private label residential
1,521

 
781

 
(15
)
 
2,287

U.S. agency securities
14

 
1

 
—

 
15

Total
$
2,737

 
$
813

 
$
(17
)
 
$
3,533

 
 
 
 
 
 
 
 
Available for Sale
 

 
 

 
 

 
 

MBS:
 

 
 

 
 

 
 

U.S. government agencies
$
2,144

 
$
87

 
$
(2
)
 
$
2,229

Private label residential
804

 
120

 
(10
)
 
914

Mutual funds
1,000

 
—

 
(42
)
 
958

Total
$
3,948

 
$
207

 
$
(54
)
 
$
4,101
Unrealized Gain (Loss) on Investments
The following table summarizes the estimated fair value and gross unrealized losses for all securities and the length of time these unrealized losses existed as of December 31, 2013 (dollars in thousands):

 
Less Than 12 Months
 
12 Months or Longer
 
Total
 
Estimated
 Fair
 Value
 
Gross
Unrealized
Losses
 
Qty
 
Estimated
 Fair
 Value
 
Gross
Unrealized
Losses
 
Qty
 
Estimated
 Fair
 Value
 
Gross
Unrealized
Losses
Held to Maturity
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

MBS:
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

U.S. government agencies
$
18

 
$
—

 
4

 
$
85

 
$
(2
)
 
7

 
$
103

 
$
(2
)
Private label residential
79

 
(7
)
 
4

 
217

 
(14
)
 
12

 
296

 
(21
)
     Total
$
97

 
$
(7
)
 
8

 
$
302

 
$
(16
)
 
19

 
$
399

 
$
(23
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Available for Sale
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

MBS:
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

U.S. government agencies
$
41

 
$
(2
)
 
2

 
$
—

 
$
—

 
1

 
$
41

 
$
(2
)
Private label residential
—

 
—

 
—

 
101

 
(9
)
 
2

 
101

 
(9
)
Mutual Funds
943

 
(57
)
 
1

 
—

 
—

 
—

 
943

 
(57
)
     Total
$
984

 
$
(59
)
 
3

 
$
101

 
$
(9
)
 
3

 
$
1,085

 
$
(68
)

The following table summarizes the estimated fair value and gross unrealized losses for all securities and the length of time the unrealized losses existed as of September 30, 2013 (dollars in thousands):
 
 
Less Than 12 Months
 
12 Months or Longer
 
Total
 
Estimated
 Fair
 Value
 
Gross
Unrealized Losses
 
Qty
 
Estimated
 Fair
 Value
 
Gross
Unrealized Losses
 
Qty
 
Estimated
 Fair
 Value
 
Gross
Unrealized Losses
Held to Maturity
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

MBS:
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

U.S. government agencies
$
3

 
$
—

 
6

 
$
88

 
$
(2
)
 
4

 
$
91

 
$
(2
)
Private label residential
80

 
(4
)
 
4

 
239

 
(11
)
 
14

 
319

 
(15
)
     Total
$
83

 
$
(4
)
 
10

 
$
327

 
$
(13
)
 
18

 
$
410

 
$
(17
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Available for Sale
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

MBS:
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

U.S. government agencies
$
96

 
$
(2
)
 
3

 
$
—

 
$
—

 
1

 
$
96

 
$
(2
)
Private label residential
—

 
—

 
—

 
108

 
(10
)
 
2

 
108

 
(10
)
Mutual Funds
958

 
(42
)
 
1

 
—

 
—

 
—

 
958

 
(42
)
     Total
$
1,054

 
$
(44
)
 
4

 
$
108

 
$
(10
)
 
3

 
$
1,162

 
$
(54
)
Schedule of Significant Inputs Utilized to Measure Estimate of Credit Loss Component on OTTI Securities
The following table presents a summary of the significant inputs utilized to measure management’s estimate of the credit loss component on OTTI securities as of December 31, 2013 and September 30, 2013:

 
Range
 
Weighted
 
Minimum 
 
Maximum 
 
Average 
December 31, 2013
 
 
 
 
 
Constant prepayment rate
6.00
%
 
15.00
%
 
12.72
%
Collateral default rate
0.52
%
 
20.40
%
 
6.79
%
Loss severity rate
20.34
%
 
71.52
%
 
43.78
%
 
 
 
 
 
 
September 30, 2013
 
 
 
 
 
Constant prepayment rate
6.00
%
 
15.00
%
 
12.33
%
Collateral default rate
0.73
%
 
22.53
%
 
7.84
%
Loss severity rate
20.48
%
 
75.02
%
 
52.69
%
Schedule of Other than Temporary Impairments
The following tables present the OTTI losses for the three months ended December 31, 2013 and 2012 (dollars in thousands):

 
Three Months Ended December 31, 2013
 
Three Months Ended
December 31, 2012
 
Held To
Maturity
 
Available
For Sale
 
Held To
Maturity
 
Available
For Sale
Total OTTI
$
(3
)
 
$
—

 
$
(6
)
 
$
(1
)
Adjustment for portion recorded as (transferred from)
       other comprehensive income (loss) before taxes (1)
1

 
—

 
(3
)
 
—

Net OTTI recognized in earnings (2)
$
(2
)
 
$
—

 
$
(9
)
 
$
(1
)
    
________________________
(1)
Represents OTTI related to all other factors.
(2)
Represents OTTI related to credit losses.
Other than Temporary Impairment, Credit Losses Recognized in Earnings
.
Schedule of Contractual Maturities of Debt Securities
The contractual maturities of debt securities at December 31, 2013 were as follows (dollars in thousands).  Expected maturities may differ from scheduled maturities as a result of the prepayment of principal or call provisions.
 
Held to Maturity
 
Available for Sale
 
Amortized
Cost
 
Estimated
Fair
Value
 
Amortized
Cost
 
Estimated
Fair
Value
Due within one year
$
—

 
$
—

 
$
—

 
$
—

Due after one year to five years
20

 
22

 
26

 
26

Due after five to ten years
18

 
18

 
27

 
27

Due after ten years
2,579

 
3,393

 
2,722

 
2,934

Total
$
2,617

 
$
3,433

 
$
2,775

 
$
2,987