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INVESTMENT SECURITIES
 6 Months Ended
Mar. 31, 2016
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 March 31, 2016 and September 30, 2015:

 

March 31, 2016
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   $ 7,930     $ 48     $ —     $ 7,978  
Private label mortgage-backed securities-residential     128       —       —       128  
            Total securities available for sale   $ 8,058     $ 48     $ —     $ 8,106  


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 March 31, 2016 are summarized in the following table:


March 31, 2016
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     8,058       8,106  
Commercial     —       —  
        Total   $ 8,058     $ 8,106  

 

The following tables summarize the amortized cost and fair values of securities held to maturity at March 31, 2016 and September 30, 2015:

 

March 31, 2016
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   $ 4,973     $ 170     $ (102 )   $ 5,041  
Mortgage-backed securities - commercial     1,067       —       (2 )     1,065  
Obligations of U.S. government-sponsored enterprises:                                
Mortgage-backed-securities - residential     42,320       885       (13 )     43,192  
Debt securities     7,000       3       —       7,003  
Private label mortgage-backed securities - residential     526       —       (4 )     522  
Corporate securities     3,000       —       (250 )     2,750  
            Total securities held to maturity   $ 58,886     $ 1,058     $ (371 )   $ 59,573  


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 March 31, 2016 are summarized in the following table:

 

March 31, 2016
Amortized Fair      
Cost Value  
(Dollars in thousands)
Due within 1 year   $ —     $ —  
Due after 1 but within 5 years     2,000       2,000  
Due after 5 but within 10 years     4,000       4,003  
Due after 10 years     4,000       3,750  
        Total debt securities     10,000       9,753  
                 
Mortgage-backed securities:                
Residential     47,819       48,755  
Commercial     1,067       1,065  
        Total   $ 58,886     $ 59,573