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INVESTMENT SECURITIES
 3 Months Ended
Dec. 31, 2015
INVESTMENT SECURITIES [Abstract]  
INVESTMENT SECURITIES

NOTE H - INVESTMENT SECURITIES

 

The following tables summarize the amortized cost and fair values of securities available for sale at December 31, 2015 and September 30, 2015:

 

    December 31, 2015  
          Gross     Gross        
    Amortized     Unrealized     Unrealized     Fair  
    Cost     Gains     Losses     Value  
    (Dollars in thousands)  
Securities available for sale:                                
Obligations of U.S. government-sponsored enterprises:                                
Mortgage-backed securities-residential   $ 10,105     $ 18     $ (153 )   $ 9,970  
Private label mortgage-backed securities-residential     136       —       (1 )     135  
            Total securities available for sale   $ 10,241     $ 18     $ (154 )   $ 10,105  

 

    September 30, 2015  
          Gross     Gross        
    Amortized     Unrealized     Unrealized     Fair  
    Cost     Gains     Losses     Value  
    (Dollars 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  

 

The maturities of the debt securities and mortgage-backed securities available for sale at December 31, 2015 are summarized in the following table:


    December 31, 2015  
    Amortized     Fair  
    Cost     Value  
    (Dollars in thousands)  
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     10,241       10,105  
Commercial     —       —  
        Total   $ 10,241     $ 10,105  

 

The following tables summarize the amortized cost and fair values of securities held to maturity at December 31, 2015 and September 30, 2015:

 

    December 31, 2015  
          Gross     Gross        
    Amortized     Unrealized     Unrealized     Fair  
    Cost     Gains     Losses     Value  
    (Dollars in thousands)  
Securities held to maturity:                                
Obligations of U.S. government agencies:                                
Mortgage-backed securities - residential   $ 5,196     $ 146     $ (99 )   $ 5,243  
Mortgage-backed securities - commercial     1,084       —       (4 )     1,080  
Obligations of U.S. government-sponsored enterprises:                                
Mortgage-backed-securities - residential     40,224       363       (357 )     40,230  
Debt securities     5,000       —       (119 )     4,881  
Private label mortgage-backed securities - residential     532       —       (2 )     530  
Corporate securities     3,000       —       (253 )     2,747  
            Total securities held to maturity   $ 55,036     $ 509     $ (834 )   $ 54,711  

 

    September 30, 2015  
          Gross     Gross        
    Amortized     Unrealized     Unrealized     Fair  
    Cost     Gains     Losses     Value  
    (Dollars 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  

 

The maturities of the debt securities and the mortgage backed securities held to maturity at December 31, 2015 are summarized in the following table:


    December 31, 2015  
    Amortized     Fair  
    Cost     Value  
    (Dollars in  thousands)  
Due within 1 year   $ —     $ —  
Due after 1 but within 5 years     —       —  
Due after 5 but within 10 years     4,000       3,897  
Due after 10 years     4,000       3,731  
        Total debt securities     8,000       7,628  
                 
Mortgage-backed securities:                
Residential     45,952       46,003  
Commercial     1,084       1,080  
        Total   $ 55,036     $ 54,711