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LOANS (Tables) | 6 Months Ended
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Mar. 31, 2022
LOANS |
Major Classifications of Loans | The following table sets forth the classification of the Company’s loans by loan portfolio segment for the periods presented.
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | March 31, 2022 |  | September 30, 2021
(in thousands) | ​ | ​ | ​ | ​ | ​ | ​
Residential real estate | ​ | $ | 424,271 | ​ | $ | 444,011
Multi-family | ​ |  | 388,875 | ​ |  | 266,294
Commercial real estate | ​ |  | 387,811 | ​ |  | 348,641
Commercial and industrial | ​ |  | 72,087 | ​ |  | 172,274
Construction and land development | ​ |  | 15,014 | ​ |  | 15,374
Consumer | ​ |  | 1 | ​ |  | 11
Gross loans | ​ |  | 1,288,059 | ​ |  | 1,246,605
Net deferred costs (fees) | ​ |  | 982 | ​ |  | 520
Total loans | ​ |  | 1,289,041 | ​ |  | 1,247,125
Allowance for loan losses | ​ |  | (9,886) | ​ |  | (8,552)
Total loans, net | ​ | $ | 1,279,155 | ​ | $ | 1,238,573
Carrying Amount for Purchased Credit Impaired Loans | The Company has purchased loans, for which there was, at acquisition, evidence of deterioration of credit quality since origination and it was probable, at acquisition, that all contractually required payments would not be collected. The carrying amount for those loans is as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, | ​ | September 30,
​ | ​ | 2022 | ​ | 2021
(in thousands) | ​ | ​ | ​ | ​ | ​ | ​
Commercial real estate | ​ | $ | 602 | ​ | $ | 8,324
Commercial and industrial | ​ |  | 881 | ​ |  | 1,917
Total recorded investment | ​ | $ | 1,483 | ​ | $ | 10,241
Changes in Accretable Difference on Purchased Loans | The following table presents a summary of changes in accretable difference on purchased loans accounted for under ASC 310-30:
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended | ​ | Six Months Ended
(in thousands) | ​ | March 31, 2022 | ​ | March 31, 2022
Balance at beginning of period |  | $ | 90 |  | $ | 346
Accretable differences acquired | ​ | ​ | — | ​ | ​ | —
Accretion | ​ | ​ | (746) | ​ | ​ | (1,782)
Adjustments to accretable difference due to changes in expected cash flows | ​ | ​ | (745) | ​ | ​ | (382)
Other changes, net | ​ | ​ | 1,489 | ​ | ​ | 1,906
Ending balance |  | $ | 88 |  | $ | 88
Activity in Allowance for Loan Losses by Portfolio Segment | The following summarizes the activity in the allowance for loan losses by portfolio segment for the periods indicated:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended March 31, 2022
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Commercial | ​ | Construction | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Residential | ​ | Multi- | ​ | Commercial | ​ | and | ​ | and Land | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Real Estate |  | Family |  | Real Estate |  | Industrial |  | Development |  | Consumer |  | ​ | ​
​ | ​ | Loans | ​ | Loans | ​ | Loans | ​ | Loans | ​ | Loans | ​ | Loans | ​ | Total
(in thousands) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Allowance for loan losses: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Beginning balance | ​ | $ | 4,115 | ​ | $ | 2,568 | ​ | $ | 2,518 | ​ | $ | 184 | ​ | $ | — | ​ | $ | 1 | ​ | $ | 9,386
Charge-offs | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ | ​ | — | ​ |  | —
Recoveries | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
Provision (credit) for loan losses | ​ |  | (715) | ​ |  | 59 | ​ |  | 809 | ​ |  | 348 | ​ |  | — | ​ |  | (1) | ​ |  | 500
Ending Balance | ​ | $ | 3,400 | ​ | $ | 2,627 | ​ | $ | 3,327 | ​ | $ | 532 | ​ | $ | — | ​ | $ | — | ​ | $ | 9,886
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended March 31, 2021
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Commercial | ​ | Construction | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Residential | ​ | Multi- | ​ | Commercial | ​ | and | ​ | and Land | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Real Estate | ​ | Family | ​ | Real Estate | ​ | Industrial | ​ | Development | ​ | Consumer | ​ | ​ | ​
​ |  | Loans |  | Loans |  | Loans |  | Loans |  | Loans |  | Loans |  | Total
(in thousands) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Allowance for loan losses: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Beginning balance | ​ | $ | 5,094 | ​ | $ | 1,619 | ​ | $ | 1,221 | ​ | $ | 44 | ​ | $ | — | ​ | $ | 1 | ​ | $ | 7,979
Charge-offs | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
Recovories | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
Provision (credit) for loan losses | ​ |  | (243) | ​ |  | 336 | ​ |  | 89 | ​ |  | 18 | ​ |  | — | ​ |  | — | ​ |  | 200
Ending balance | ​ | $ | 4,851 | ​ | $ | 1,955 | ​ | $ | 1,310 | ​ | $ | 62 | ​ | $ | — | ​ | $ | 1 | ​ | $ | 8,179
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Six Months Ended March 31, 2022
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Commercial | ​ | Construction | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Residential | ​ | Multi- | ​ | Commercial | ​ | and | ​ | and Land | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Real Estate |  | Family |  | Real Estate |  | Industrial |  | Development |  | Consumer |  | ​ | ​
​ | ​ | Loans | ​ | Loans | ​ | Loans | ​ | Loans | ​ | Loans | ​ | Loans | ​ | Total
(in thousands) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Allowance for loan losses: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Beginning Balance | ​ | $ | 4,155 | ​ | $ | 2,433 | ​ | $ | 1,884 | ​ | $ | 79 | ​ | $ | — | ​ | $ | 1 | ​ | $ | 8,552
Charge-offs | ​ |  | — | ​ |  | (66) | ​ |  | — | ​ |  | — | ​ |  | — | ​ | ​ | — | ​ |  | (66)
Recoveries | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
Provision (credit) for loan losses | ​ |  | (755) | ​ |  | 260 | ​ |  | 1,443 | ​ |  | 453 | ​ |  | — | ​ |  | (1) | ​ |  | 1,400
Ending Balance | ​ | $ | 3,400 | ​ | $ | 2,627 | ​ | $ | 3,327 | ​ | $ | 532 | ​ | $ | — | ​ | $ | — | ​ | $ | 9,886
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Six Months Ended March 31, 2021
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Commercial | ​ | Construction | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Residential | ​ | Multi- | ​ | Commercial | ​ | and | ​ | and Land | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Real Estate | ​ | Family | ​ | Real Estate | ​ | Industrial | ​ | Development | ​ | Consumer | ​ | ​ | ​
​ |  | Loans |  | Loans |  | Loans |  | Loans |  | Loans |  | Loans |  | Total
(in thousands) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Allowance for loan losses: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Beginning Balance | ​ | $ | 5,103 | ​ | $ | 1,506 | ​ | $ | 1,221 | ​ | $ | 38 | ​ | $ | — | ​ | $ | 1 | ​ | $ | 7,869
Charge-offs | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
Recoveries | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 10 | ​ |  | — | ​ |  | — | ​ |  | 10
Provision (credit) for loan losses | ​ |  | (252) | ​ |  | 449 | ​ |  | 89 | ​ |  | 14 | ​ |  | — | ​ |  | — | ​ |  | 300
Ending Balance | ​ | $ | 4,851 | ​ | $ | 1,955 | ​ | $ | 1,310 | ​ | $ | 62 | ​ | $ | — | ​ | $ | 1 | ​ | $ | 8,179
Allowance for Loan Losses and Recorded Investment by Portfolio Segment Based on Impairment Method | The following table represents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment based on impairment evaluation method. The recorded investment in loans excludes accrued interest receivable due to immateriality.
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | March 31, 2022
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Commercial | ​ | Construction | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Residential | ​ | Multi- | ​ | Commercial | ​ | and | ​ | and Land | ​ | ​ | ​ | ​ | ​ | ​
(in thousands) |  | Real Estate |  | Family |  | Real Estate |  | Industrial |  | Development |  | Consumer |  | Total
Allowance for loan losses: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Individually evaluated for impairment | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | —
Collectively evaluated for impairment | ​ |  | 3,400 | ​ |  | 2,627 | ​ |  | 3,327 | ​ |  | 532 | ​ |  | — | ​ |  | — | ​ |  | 9,886
Purchased-credit impaired | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
Total allowance for loan losses | ​ | $ | 3,400 | ​ | $ | 2,627 | ​ | $ | 3,327 | ​ | $ | 532 | ​ | $ | — | ​ | $ | — | ​ | $ | 9,886
Loans: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Individually evaluated for impairment | ​ | $ | 5,074 | ​ | $ | 422 | ​ | $ | 5,804 | ​ | $ | 506 | ​ | $ | — | ​ | $ | — | ​ | $ | 11,806
Collectively evaluated for impairment | ​ |  | 419,422 | ​ |  | 388,840 | ​ |  | 381,317 | ​ |  | 71,114 | ​ |  | 15,057 | ​ |  | 2 | ​ |  | 1,275,752
Purchased-credit impaired | ​ |  | — | ​ |  | — | ​ |  | 602 | ​ |  | 881 | ​ |  | — | ​ |  | — | ​ |  | 1,483
Total loans held for investment | ​ | $ | 424,496 | ​ | $ | 389,262 | ​ | $ | 387,723 | ​ | $ | 72,501 | ​ | $ | 15,057 | ​ | $ | 2 | ​ | $ | 1,289,041
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | September 30, 2021
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Commercial | ​ | Construction | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Residential | ​ | Multi- | ​ | Commercial | ​ | and | ​ | ​ | and Land | ​ | ​ | ​ | ​ | ​ | ​
(in thousands) |  | Real Estate |  | Family |  | Real Estate |  | Industrial |  | Development |  | Consumer |  | Total
Allowance for loan losses: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Individually evaluated for impairment | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | — | ​ | $ | —
Collectively evaluated for impairment | ​ |  | 4,155 | ​ |  | 2,433 | ​ |  | 1,884 | ​ |  | 79 | ​ |  | — | ​ |  | 1 | ​ |  | 8,552
Purchased-credit impaired | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
Total allowance for loan losses | ​ | $ | 4,155 | ​ | $ | 2,433 | ​ | $ | 1,884 | ​ | $ | 79 | ​ | $ | — | ​ | $ | 1 | ​ | $ | 8,552
Loans: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Individually evaluated for impairment | ​ | $ | 7,198 | ​ | $ | 458 | ​ | $ | 517 | ​ | $ | 500 | ​ | $ | — | ​ | $ | — | ​ | $ | 8,673
Collectively evaluated for impairment | ​ |  | 436,942 | ​ |  | 266,256 | ​ |  | 339,966 | ​ |  | 169,660 | ​ |  | 15,374 | ​ |  | 13 | ​ |  | 1,228,211
Purchased-credit impaired | ​ |  | — | ​ |  | — | ​ |  | 8,324 | ​ |  | 1,917 | ​ |  | — | ​ |  | — | ​ |  | 10,241
Total loans held for investment | ​ | $ | 444,140 | ​ | $ | 266,714 | ​ | $ | 348,807 | ​ | $ | 172,077 | ​ | $ | 15,374 | ​ | $ | 13 | ​ | $ | 1,247,125
Impaired Loans by Portfolio Segment | The following presents information related to the Company’s impaired loans by portfolio segment for the periods shown.
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | March 31, 2022 | ​ | September 30, 2021
​ |  | Unpaid |  | ​ | ​ |  | ​ | ​ | ​ | Unpaid |  | ​ | ​ |  | ​ | ​
​ | ​ | Principal | ​ | Recorded | ​ | Allowance | ​ | Principal | ​ | Recorded | ​ | Allowance
(in thousands) | ​ | Balance | ​ | Investment | ​ | Allocated | ​ | Balance | ​ | Investment | ​ | Allocated
With no related allowance recorded: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Residential real estate |  | $ | 5,074 |  | $ | 5,079 |  | $ | — | ​ | $ | 7,382 |  | $ | 7,198 |  | $ | —
Multi-family | ​ |  | 422 | ​ |  | 422 | ​ |  | — | ​ |  | 382 | ​ |  | 458 | ​ |  | —
Commercial real estate | ​ |  | 5,804 | ​ |  | 5,804 | ​ |  | — | ​ |  | 522 | ​ |  | 517 | ​ |  | —
Commercial and industrial | ​ |  | 506 | ​ |  | 506 | ​ |  | — | ​ |  | 535 | ​ |  | 500 | ​ |  | —
Total | ​ | $ | 11,806 | ​ | $ | 11,811 | ​ | $ | — | ​ | $ | 8,821 | ​ | $ | 8,673 | ​ | $ | —
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended March 31, | ​ | Six Months Ended March 31,
​ |  | 2022 | ​ | 2021 | ​ | 2022 | ​ | 2021
​ |  | Average | Interest | ​ | Average | Interest |  | Average |  | Interest |  | Average |  | Interest
​ | ​ | Recorded | Income | ​ | Recorded | Income | ​ | Recorded | ​ | Income | ​ | Recorded | ​ | Income
(in thousands) | ​ | Investment | Recognized | ​ | Investment | Recognized | ​ | Investment | ​ | Recognized(1) | ​ | Investment | ​ | Recognized(1)
Residential real estate |  | $ | 5,089 | $ | 17 | ​ | $ | 7,880 | $ | 21 | ​ | $ | 4,956 | ​ | $ | 34 | ​ | $ | 6,767 | ​ | $ | 43
Multi-family | ​ |  | 425 |  | — | ​ |  | 1,328 |  | 2 | ​ |  | 432 | ​ |  | — | ​ |  | 687 | ​ |  | 3
Commercial real estate | ​ |  | 2,279 |  | — | ​ |  | 671 |  | 1 | ​ |  | 1,400 | ​ |  | — | ​ |  | 350 | ​ |  | 2
Commercial and industrial | ​ |  | 507 |  | — | ​ |  | — |  | — | ​ |  | 494 | ​ |  | — | ​ |  | — | ​ |  | —
Total | ​ | $ | 8,300 | $ | 17 | ​ | $ | 9,879 | $ | 24 | ​ | $ | 7,282 | ​ | $ | 34 | ​ | $ | 7,804 | ​ | $ | 48
(1) | Accrual basis interest income recognized approximates cash basis income.
Aging of Recorded Investment in Past Due and Non-accrual Loans by Portfolio Segment | At March 31, 2022 and September 30, 2021, past due and non-accrual loans disaggregated by portfolio segment were as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(in thousands) | ​ | Past Due and Non-Accrual | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ |  | ​ | ​ |  | Greater than |  | ​ | ​ |  | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​
​ | ​ | 30 - 59 days | ​ | 60 - 89 days | ​ | 89 days past | ​ | ​ | ​ | ​ | Total past | ​ | Purchased- | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | past due and | ​ | past due and | ​ | due and | ​ | ​ | ​ | due and non- | ​ | credit | ​ | ​ | ​ | ​ | ​ | ​
March 31, 2022 | ​ | accruing | ​ | accruing | ​ | accruing | ​ | Non-accrual | ​ | accrual | ​ | impaired | ​ | Current | ​ | Total
Residential real estate | ​ | $ | 2,261 | ​ | $ | — | ​ | $ | — | ​ | $ | 3,737 | (1) | $ | 5,998 | ​ | $ | — | ​ | $ | 418,498 | ​ | $ | 424,496
Multi-family | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 422 | (2) |  | 422 | ​ |  | — | ​ |  | 388,840 | ​ |  | 389,262
Commercial real estate | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 5,805 | (3) |  | 5,805 | ​ |  | 602 | ​ |  | 381,316 | ​ |  | 387,723
Commercial and industrial | ​ |  | 1,064 | ​ |  | — | ​ |  | — | ​ |  | 506 | (4) |  | 1,570 | ​ |  | 881 | ​ |  | 70,050 | ​ |  | 72,501
Construction and land development | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 15,057 | ​ |  | 15,057
Consumer | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 2 | ​ |  | 2
Total | ​ | $ | 3,325 | ​ | $ | — | ​ | $ | — | ​ | $ | 10,470 | ​ | $ | 13,795 | ​ | $ | 1,483 | ​ | $ | 1,273,763 | ​ | $ | 1,289,041
(1) | Of the residential real estate non-accrual loans, $851 were current and $2,886 were greater than 89 days past due.
(2) | Multi-family non-accrual loans at March 31, 2022 were greater than 89 days past due.
(3) | Commercial real estate non-accrual loans at March 31, 2022 were greater than 89 days past due.
(4) | Commercial and industrial non-accrual loans at March 31, 2022 were greater than 89 days past due.
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
(in thousands) | ​ | Past Due and Non-Accrual | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ | ​ |  | ​ | ​ |  | Greater than |  | ​ | ​ |  | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​
​ | ​ | 30 - 59 days | ​ | 60 - 89 days | ​ | 89 days past | ​ | ​ | ​ | ​ | Total past | ​ | Purchased- | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | past due and | ​ | past due and | ​ | due and | ​ | ​ | ​ | due and non- | ​ | credit | ​ | ​ | ​ | ​ | ​
September 30, 2021 | ​ | accruing | ​ | accruing | ​ | accruing | ​ | Non-accrual | ​ | accrual | ​ | Impaired | ​ | Current | ​ | Total
Residential real estate | ​ | $ | 1,032 | ​ | $ | 1,601 | ​ | $ | — | ​ | $ | 5,554 | (1) | $ | 8,187 | ​ | $ | — | ​ | $ | 435,953 | ​ | $ | 444,140
Multi-family | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 458 | (2) |  | 458 | ​ |  | — | ​ |  | 266,256 | ​ |  | 266,714
Commercial real estate | ​ |  | 1,939 | ​ |  | — | ​ |  | — | ​ |  | 1,016 | (3) |  | 2,955 | ​ |  | 8,324 | ​ |  | 337,528 | ​ |  | 348,807
Commercial and industrial | ​ |  | 3,641 | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 3,641 | ​ |  | 1,917 | ​ |  | 166,519 | ​ |  | 172,077
Construction and land development | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 15,374 | ​ |  | 15,374
Consumer | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 13 | ​ | ​ | 13
Total | ​ | $ | 6,612 | ​ | $ | 1,601 | ​ | $ | — | ​ | $ | 7,028 | ​ | $ | 15,241 | ​ | $ | 10,241 | ​ | $ | 1,221,643 | ​ | $ | 1,247,125
(1) | Of the residential real estate non-accrual loans, $1,026 were 61 days past due and $4,528 were greater than 89 days past due.
(2) | Multi-family non-accrual loans at September 30, 2021 were greater than 89 days past due.
(3) | Commercial real estate non-accrual loans at September 30, 2021 were greater than 89 days past due.
Loan Portfolio Based on Internal Rating Category | At March 31, 2022 and September 30, 2021, the Company’s loan portfolio by credit risk rating disaggregated by portfolio segment were as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, 2022
​ |  | ​ | ​ |  | Special |  | ​ | ​ |  | ​ | ​ |  | ​ | ​
(in thousands) | ​ | Pass | ​ | Mention | ​ | Substandard | ​ | Doubtful | ​ | Total
Real Estate: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Residential | ​ | $ | 418,828 | ​ | $ | 1,166 | ​ | $ | 4,277 | ​ | $ | — | ​ | $ | 424,271
Multi-family | ​ |  | 382,810 | ​ |  | 3,720 | ​ |  | 2,345 | ​ |  | — | ​ |  | 388,875
Commercial | ​ |  | 369,533 | ​ |  | 9,619 | ​ |  | 8,659 | ​ |  | — | ​ |  | 387,811
Commercial and industrial | ​ |  | 68,201 | ​ |  | 655 | ​ |  | 3,231 | ​ |  | — | ​ |  | 72,087
Construction and land development | ​ |  | 12,682 | ​ |  | 2,332 | ​ |  | — | ​ |  | — | ​ |  | 15,014
Consumer | ​ |  | 1 | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 1
Total | ​ | $ | 1,252,055 | ​ | $ | 17,492 | ​ | $ | 18,512 | ​ | $ | — | ​ | $ | 1,288,059
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | September 30, 2021
​ |  | ​ | ​ |  | Special |  | ​ | ​ |  | ​ | ​ |  | ​ | ​
(in thousands) | ​ | Pass | ​ | Mention | ​ | Substandard | ​ | Doubtful | ​ | Total
Real Estate: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Residential | ​ | $ | 433,299 | ​ | $ | 5,115 | ​ | $ | 5,594 | ​ | $ | 3 | ​ | $ | 444,011
Multi-family | ​ |  | 262,984 | ​ |  | 2,852 | ​ |  | 458 | ​ |  | — | ​ |  | 266,294
Commercial | ​ |  | 316,727 | ​ |  | 16,274 | ​ |  | 15,640 | ​ |  | — | ​ |  | 348,641
Commercial and industrial | ​ |  | 168,104 | ​ |  | 540 | ​ |  | 3,630 | ​ |  | — | ​ |  | 172,274
Construction and land development | ​ |  | 13,607 | ​ |  | 1,767 | ​ |  | — | ​ |  | — | ​ |  | 15,374
Consumer | ​ |  | 11 | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | 11
Total | ​ | $ | 1,194,732 | ​ | $ | 26,548 | ​ | $ | 25,322 | ​ | $ | 3 | ​ | $ | 1,246,605

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