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INVESTMENT SECURITIES
 9 Months Ended
Jun. 30, 2016
Investments, Debt and Equity Securities [Abstract]  
INVESTMENT SECURITIES

NOTE H - INVESTMENT SECURITIES

 

The following tables summarize the amortized cost and fair values of securities available for sale at June 30, 2016 and September 30, 2015:

 

    June 30, 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   $ 5,376     $ 72     $ —     $ 5,448  
Private label mortgage-backed securities-residential     118       —       (1 )     117  
            Total securities available for sale   $ 5,494     $ 72     $ (1 )   $ 5,565  

  

    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 June 30, 2016 are summarized in the following table:

 

    June 30, 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     5,494       5,565  
Commercial     —       —  
        Total   $ 5,494     $ 5,565  

 

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

 

    June 30, 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   $ 4,659     $ 183     $ (92 )   $ 4,750  
Mortgage-backed securities - commercial     1,050       1       —       1,051  
Obligations of U.S. government-sponsored enterprises:                                
Mortgage-backed-securities - residential     41,171       1,201       (6 )     42,366  
Debt securities     5,000       4       —       5,004  
Private label mortgage-backed securities - residential     511       —       (8 )     503  
Corporate securities     3,000       —       (179 )     2,821  
            Total securities held to maturity   $ 55,391     $ 1,389     $ (285 )   $ 56,495  
    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 June 30, 2016 are summarized in the following table:

 

    June 30, 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     6,000       5,825  
Due after 10 years     —       —  
        Total debt securities     8,000       7,825  
                 
Mortgage-backed securities:                
Residential     46,341       47,619  
Commercial     1,050       1,051  
        Total   $ 55,391     $ 56,495