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OREO and Other Repossessed Assets | 12 Months Ended
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Sep. 30, 2024
Other Real Estate, Foreclosed Assets, and Repossessed Assets [Abstract] |
OREO and Other Repossessed Assets | OREO and Other Repossessed Assets The following table presents the activity related to OREO and other repossessed assets for the years ended September 30, 2024 and 2023 (dollars in thousands):
| 2024 |  | 2023
| Amount |  | Number |  | Amount |  | Number
Balance, beginning of year | $ | — |  |  | 2 |  |  | $ | — |  |  | 2 |
Sales | — |  |  | (1) |  |  | — |  |  | — |
Balance, end of year | $ | — |  |  | 1 |  |  | $ | — |  |  | 2 |
At September 30, 2024, OREO and other repossessed assets consisted of one OREO property in Washington with no book value. At September 30, 2023, OREO and other repossessed assets consisted of two OREO properties in Washington with no book value. During the year ended September 30, 2024, the Company transferred one OREO property with no value, to the business association that manages the surrounding properties. The Company did not record a net gain or loss on sale of OREO for the years ended September 30, 2024 and 2023. For the year ended September 30, 2022, the Company recorded net gains on sales of OREO and other repossessed assets of $2,000. Gains and losses on sales of OREO and other repossessed assets are recorded in the OREO and other repossessed assets, net category in non-interest expense in the accompanying consolidated statements of income. At September 30, 2024, and 2023 there were no foreclosed residential real estate properties held in OREO as a result of obtaining physical possession, and there were no one- to four-family properties in the process of foreclosure.

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- Definition -- None. No documentation exists for this element. -- + References No definition available. + Details
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- References No definition available. + Details
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