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COMMITMENTS
 12 Months Ended
Sep. 30, 2016
Commitments and Contingencies Disclosure [Abstract]  
COMMITMENTS

NOTE P - COMMITMENTS

 

1. Lease Commitments

 

Approximate future minimum payments under non-cancelable operating leases are due as follows for the years indicated (in thousands):

 

2017  $627 
2018   627 
2019   645 
2020   651 
2021   663 
Thereafter   3,052 
   $6,265 

 

Total rental expense, included in occupancy expense, was approximately $764,000 and $754,000 for the years ended September 30, 2016 and 2015, respectively.

 

2. Contingencies

 

The Company and its subsidiaries, from time to time, are a party to routine litigation that arises in the normal course of business. In the opinion of management, the resolution of this litigation, if any, would not have a material adverse effect on the Company’s consolidated financial position or results of operations.