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INVESTMENT SECURITIES (Tables) | 12 Months Ended
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Sep. 30, 2016
Investments, Debt and Equity Securities [Abstract] |
Schedule amortized cost, gross unrealized gians or losses and fair values of investment securities available for sale and held to maturity | The amortized cost, gross unrealized gains or losses and fair value of the Company’s investment securities available-for-sale and held-to-maturity are as follows:
|  | September 30, 2016 |
|  |  |  |  | Gross |  |  | Gross |  |  |  |
|  | Amortized |  |  | Unrealized |  |  | Unrealized |  |  | Fair |
|  | Cost |  |  | Gains |  |  | Losses |  |  | Value |
|  | (In thousands) |
Securities available-for-sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Obligations of U.S. government agencies: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Obligations of U.S. government-sponsored enterprises: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities-residential |  | $ | 5,075 |  |  | $ | 52 |  |  | $ | — |  |  | $ | 5,127 |
Private label mortgage-backed securities-residential |  |  | 108 |  |  |  | — |  |  |  | (1 | ) |  |  | 107 |
Total securities available for sale |  | $ | 5,183 |  |  | $ | 52 |  |  | $ | (1 | ) |  | $ | 5,234 |
|  | September 30, 2016 |
|  |  |  |  | Gross |  |  | Gross |  |  |  |
|  | Amortized |  |  | Unrealized |  |  | Unrealized |  |  | Fair |
|  | Cost |  |  | Gains |  |  | Losses |  |  | Value |
|  | (In thousands) |
Securities held-to-maturity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Obligations of U.S. government agencies: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities - residential |  | $ | 4,383 |  |  | $ | 171 |  |  | $ | (90 | ) |  | $ | 4,464 |
Mortgage-backed securities - commercial |  |  | 1,034 |  |  |  | — |  |  |  | (1 | ) |  |  | 1,033 |
Obligations of U.S. government-sponsored enterprises: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage backed securities - residential |  |  | 40,024 |  |  |  | 1,098 |  |  |  | (16 | ) |  |  | 41,106 |
Debt securities |  |  | 4,000 |  |  |  | 1 |  |  |  | — |  |  |  | 4,001 |
Private label mortgage-backed securities - residential |  |  | 493 |  |  |  | — |  |  |  | (6 | ) |  |  | 487 |
Corporate securities |  |  | 3,000 |  |  |  | — |  |  |  | (242 | ) |  |  | 2,758 |
Total securities held to maturity |  | $ | 52,934 |  |  | $ | 1,270 |  |  | $ | (355 | ) |  | $ | 53,849 |
|  | At September 30, 2015 |
|  |  |  |  | Gross |  |  | Gross |  |  |  |
|  | Amortized |  |  | Unrealized |  |  | Unrealized |  |  | Fair |
|  | Cost |  |  | Gains |  |  | Losses |  |  | Value |
|  | (In thousands) |
Securities available-for-sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Obligations of U.S. government-sponsored enterprises: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities-residential |  | $ | 5,839 |  |  | $ | 82 |  |  | $ | (7 | ) |  | $ | 5,914 |
Private label mortgage-backed securities-residential |  |  | 151 |  |  |  | — |  |  |  | (1 | ) |  |  | 150 |
Total securities available-for-sale |  | $ | 5,990 |  |  | $ | 82 |  |  | $ | (8 | ) |  | $ | 6,064 |
|  | At September 30, 2015 |
|  |  |  |  | Gross |  |  | Gross |  |  |  |
|  | Amortized |  |  | Unrealized |  |  | Unrealized |  |  | Fair |
|  | Cost |  |  | Gains |  |  | Losses |  |  | Value |
|  | (In thousands) |
Securities held-to-maturity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Obligations of U.S. government agencies: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities - residential |  | $ | 5,414 |  |  | $ | 156 |  |  | $ | (99 | ) |  | $ | 5,471 |
Mortgage-backed securities - commercial |  |  | 1,101 |  |  |  | — |  |  |  | (2 | ) |  |  | 1,099 |
Obligations of U.S. government-sponsored enterprises: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage backed securities - residential |  |  | 37,563 |  |  |  | 647 |  |  |  | (67 | ) |  |  | 38,143 |
Debt securities |  |  | 5,000 |  |  |  | 2 |  |  |  | (25 | ) |  |  | 4,977 |
Private label mortgage-backed securities - residential |  |  | 536 |  |  |  | 1 |  |  |  | (1 | ) |  |  | 536 |
Corporate securities |  |  | 3,000 |  |  |  | 22 |  |  |  | — |  |  |  | 3,022 |
Total securities held-to-maturity |  | $ | 52,614 |  |  | $ | 828 |  |  | $ | (194 | ) |  | $ | 53,248 |
Schedule of maturities of the debt securities and mortgage-backed securities available-for-sale and held to maturity | The amortized cost and fair value of the Company’s securities available-for-sale at September 30, 2016 are summarized in the following table:
|  | September 30, 2016 |
|  | (In thousands) |
|  | Amortized |  |  | Fair |
|  | Cost |  |  | Value |
Due within 1 year |  | $ | — |  |  | $ | — |
Due after 1 but within 5 years |  |  | — |  |  |  | — |
Due after 5 but within 10 years |  |  | — |  |  |  | — |
Due after 10 years |  |  | — |  |  |  | — |
Total debt securities |  |  | — |  |  |  | — |
Mortgage-backed securities: |  |  |  |  |  |  |  |
Residential(1) |  |  | 5,183 |  |  |  | 5,234 |
Commercial |  |  | — |  |  |  | — |
Total |  | $ | 5,183 |  |  | $ | 5,234 |
| (1) | Available-for-sale mortgage-backed securities – residential include an amortized cost of $5.1 million and a fair value of $5.1 million for obligations of U.S. government-sponsored enterprises issued by Federal National Mortgage Association and Federal Home Loan Mortgage Corporation. Also included are residential mortgage backed securities issued by non-U.S. government agencies and government-sponsored enterprises with an amortized cost of $108,000 and fair value of $107,000.
The maturities of the debt securities and the mortgage-backed securities held to maturity at September 30, 2016 are summarized in the following table:
|  | September 30, 2016 |
|  | Amortized |  |  | Fair |
|  | Cost |  |  | Value |
|  | (In thousands) |
Due within 1 year |  | $ | — |  |  | $ | — |
Due after 1 but within 5 years |  |  | 2,000 |  |  |  | 2,000 |
Due after 5 but within 10 years |  |  | 5,000 |  |  |  | 4,759 |
Due after 10 years |  |  | — |  |  |  | — |
Total debt securities |  |  | 7,000 |  |  |  | 6,759 |
Mortgage backed securities: |  |  |  |  |  |  |  |
Residential(1) |  |  | 44,900 |  |  |  | 46,057 |
Commercial(2) |  |  | 1,034 |  |  |  | 1,033 |
Total |  | $ | 52,934 |  |  | $ | 53,849 |
| (1) | Held-to-maturity mortgage-backed securities – residential include an amortized cost of $4.4 million and a fair value of $4.5 million for obligations of U.S. government agencies issued by the Government National Mortgage Association and obligations of U.S. government-sponsored enterprises issued by Federal National Mortgage Association and Federal Home Loan Mortgage Corporation which had an amortized cost of $40.0 million and a fair value of $41.1 million. Also included are mortgage backed securities issued by non-U.S. government agencies and government-sponsored enterprises with an amortized cost of $493,000 and a fair value of $487,000.
| (2) | Held-to-maturity mortgage-backed securities – commercial include an amortized cost of $1.0 million and a fair value of $1.0 million for obligations of U.S. government agencies issued by the Small Business Administration.
Schedule of securities with unrealized losses | Details of securities with unrealized losses at September 30, 2016 and 2015 are as follows:
|  |  |  |  | September 30, 2016 |
|  |  |  |  | Less Than 12 Months |  |  | 12 Months Or Greater |  |  | Total |
|  | Number of |  |  | Fair |  |  | Unrealized |  |  | Fair |  |  | Unrealized |  |  | Fair |  |  | Unrealized |
|  | Securities |  |  | Value |  |  | Losses |  |  | Value |  |  | Losses |  |  | Value |  |  | Losses |
|  |  |  |  | (Dollars in thousands) |
Obligations of U.S. government agencies: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities - residential |  |  | 2 |  |  | $ | — |  |  | $ | — |  |  | $ | 849 |  |  | $ | (90 | ) |  | $ | 849 |  |  | $ | (90 | )
Mortgage-backed securities - commercial |  |  | 1 |  |  |  | 1,033 |  |  |  | (1 | ) |  |  | — |  |  |  | — |  |  |  | 1,033 |  |  |  | (1 | )
Obligations of U.S. government-sponsored enterprises |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities - residential |  |  | 2 |  |  |  | 1,376 |  |  |  | (3 | ) |  |  | 1,942 |  |  |  | (13 | ) |  |  | 3,318 |  |  |  | (16 | )
Private label mortgage-backed securities residential |  |  | 3 |  |  |  | 172 |  |  |  | (4 | ) |  |  | 330 |  |  |  | (3 | ) |  |  | 502 |  |  |  | (7 | )
Corporate securities |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | 2,758 |  |  |  | (242 | ) |  |  | 2,758 |  |  |  | (242 | )
Total |  |  | 9 |  |  | $ | 2,581 |  |  | $ | (8 | ) |  | $ | 5,879 |  |  | $ | (348 | ) |  | $ | 8,460 |  |  | $ | (356 | )
|  |  |  |  | September 30, 2015 |
|  |  |  |  | Less Than 12 Months |  |  | 12 Months Or Greater |  |  | Total |
|  | Number of |  |  | Fair |  |  | Unrealized |  |  | Fair |  |  | Unrealized |  |  | Fair |  |  | Unrealized |
|  | Securities |  |  | Value |  |  | Losses |  |  | Value |  |  | Losses |  |  | Value |  |  | Losses |
|  |  |  |  | (Dollars in thousands) |
Obligations of U.S. government agencies: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities- residential |  |  | 3 |  |  | $ | — |  |  | $ | — |  |  | $ | 2,254 |  |  | $ | (99 | ) |  | $ | 2,254 |  |  | $ | (99 | )
Mortgage-backed securities - commercial |  |  | 1 |  |  |  | 1,099 |  |  |  | (2 | ) |  |  | — |  |  |  | — |  |  |  | 1,099 |  |  |  | (2 | )
Obligations of U.S. government-sponsored enterprises |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage backed securities- residential |  |  | 7 |  |  |  | 4,424 |  |  |  | (34 | ) |  |  | 8,688 |  |  |  | (40 | ) |  |  | 13,112 |  |  |  | (74 | )
Debt securities |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | 1,975 |  |  |  | (25 | ) |  |  | 1,975 |  |  |  | (25 | )
Private label mortgage-backed securities- residential |  |  | 2 |  |  |  | — |  |  |  | — |  |  |  | 223 |  |  |  | (2 | ) |  |  | 223 |  |  |  | (2 | )
Total |  |  | 14 |  |  | $ | 5,523 |  |  | $ | (36 | ) |  | $ | 13,140 |  |  | $ | (166 | ) |  | $ | 18,663 |  |  | $ | (202 | )

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