XML 70 R56.htm IDEA: XBRL DOCUMENT
v3.24.3

Fair Value Measurements (Tables) | 12 Months Ended
--- | ---
Sep. 30, 2024
Fair Value Disclosures [Abstract] |
Fair Value, Assets Measured on Recurring Basis | The Company's assets measured at estimated fair value on a recurring basis at September 30, 2024 and 2023 are as follows (dollars in thousands):
| Estimated Fair Value
September 30, 2024 | Level 1 |  | Level 2 |  | Level 3 |  | Total
Available for sale investment securities |  |  |  |  |  |  |
MBS: U.S. government agencies | $ | 3,939 |  |  | $ | 68,318 |  |  | $ | — |  |  | $ | 72,257 |
Investments in equity securities |  |  |  |  |  |  |
Mutual funds | 866 |  |  | — |  |  | — |  |  | 866 |
Total | $ | 4,805 |  |  | $ | 68,318 |  |  | $ | — |  |  | $ | 73,123 |
September 30, 2023 |  |  |  |  |  |  |
Available for sale investment securities |  |  |  |  |  |  |
MBS: U.S. government agencies | $ | — |  |  | $ | 41,771 |  |  | $ | — |  |  | $ | 41,771 |
Investments in equity securities |  |  |  |  |  |  |
Mutual funds | 811 |  |  | — |  |  | — |  |  | 811 |
Total | $ | 811 |  |  | $ | 41,771 |  |  | $ | — |  |  | $ | 42,582 |
Balances of Assets Measured at Estimated Fair Value, Nonrecurring Basis | The following table summarizes the balances of assets measured at estimated fair value on a non-recurring basis at September 30, 2024 and 2023 (dollars in thousands):
|  | Total Estimated |  | Estimated Fair Value Measurements Using
|  | Fair Value |  | Level 1 |  | Level 2 |  | Level 3
September 30, 2024 |  |  |  |  |  |  |  |
Individually evaluated collateral-dependent loans |  | $ | 1,315 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,315 |
September 30, 2023 |  |  |  |  |  |  |  |
Impaired loans |  | $ | 122 |  |  | $ | — |  |  | $ | — |  |  | $ | 122 |
The following table presents quantitative information about Level 3 inputs for financial instruments measured at fair value on a non-recurring basis at September 30, 2024 and 2023:
|  | Valuation Technique |  | Significant Unobservable Inputs |  | Range
Individually evaluated collateral-dependent loans (2024) and impaired loans (2023) |  | Market approach |  | Appraised value less selling costs |  | N/A
Balances of Assets and Liabilities Measured at Estimated Fair Value, Recurring Basis | The recorded amounts and estimated fair values of financial instruments were as follows as of September 30, 2024 (dollars in thousands):
|  |  |  |  | Fair Value Measurements Using:
| Recorded Amount |  | Estimated Fair Value |  | Level 1 |  | Level 2 |  | Level 3
Financial Assets |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 164,728 |  |  | $ | 164,728 |  |  | $ | 164,728 |  |  | $ | — |  |  | $ | — |
CDs held for investment | 10,209 |  |  | 10,209 |  |  | 10,209 |  |  | — |  |  | — |
Investment securities | 244,354 |  |  | 238,264 |  |  | 146,141 |  |  | 92,123 |  |  | — |
Investments in equity securities | 866 |  |  | 866 |  |  | 866 |  |  | — |  |  | — |
FHLB stock | 2,037 |  |  | 2,037 |  |  | 2,037 |  |  | — |  |  | — |
Other investments | 3,000 |  |  | 3,000 |  |  | 3,000 |  |  | — |  |  | — |
Loans receivable, net | 1,421,523 |  |  | 1,387,642 |  |  | — |  |  | — |  |  | 1,387,642 |
Accrued interest receivable | 6,990 |  |  | 6,990 |  |  | 6,990 |  |  | — |  |  | — |
Financial Liabilities |  |  |  |  |  |  |  |  |
Certificates of deposit | 368,308 |  |  | 368,312 |  |  | — |  |  | — |  |  | 368,312 |
FHLB borrowings | 20,000 |  |  | 20,035 |  |  | — |  |  | — |  |  | 20,035 |
Accrued interest payable | 2,132 |  |  | 2,132 |  |  | 2,132 |  |  | — |  |  | — |
The recorded amounts and estimated fair values of financial instruments were as follows as of September 30, 2023 (dollars in thousands):
|  |  |  |  | Fair Value Measurements Using:
| Recorded Amount |  | Estimated Fair Value |  | Level 1 |  | Level 2 |  | Level 3
Financial Assets |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 128,721 |  |  | $ | 128,721 |  |  | $ | 128,721 |  |  | $ | — |  |  | $ | — |
CDs held for investment | 15,188 |  |  | 15,188 |  |  | 15,188 |  |  | — |  |  | — |
Investment securities | 311,989 |  |  | 295,538 |  |  | 161,538 |  |  | 134,000 |  |  | — |
Investments in equity securities | 811 |  |  | 811 |  |  | 811 |  |  | — |  |  | — |
FHLB stock | 3,602 |  |  | 3,602 |  |  | 3,602 |  |  | — |  |  | — |
Other investments | 3,000 |  |  | 3,000 |  |  | 3,000 |  |  | — |  |  | — |
Loans held for sale | 400 |  |  | 407 |  |  | 407 |  |  | — |  |  | — |
Loans receivable, net | 1,302,305 |  |  | 1,246,538 |  |  | — |  |  | — |  |  | 1,246,538 |
Accrued interest receivable | 6,004 |  |  | 6,004 |  |  | 6,004 |  |  | — |  |  | — |
Financial Liabilities |  |  |  |  |  |  |  |  |
Certificates of deposit | 300,100 |  |  | 297,542 |  |  | — |  |  | — |  |  | 297,542 |
FHLB borrowings | 35,000 |  |  | 34,747 |  |  | — |  |  | — |  |  | 34,747 |
Accrued interest payable | 1,397 |  |  | 1,397 |  |  | 1,397 |  |  | — |  |  | — |

X
- Definition Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnNonrecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_FairValueAssetsMeasuredOnRecurringBasisTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_ScheduleOfFairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration