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INVESTMENT SECURITIES (Tables) | 12 Months Ended
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Sep. 30, 2017
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, 2017 |
|  |  |  |  | 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 |  | $ | 9,442 |  |  | $ | 9 |  |  | $ | (125 | ) |  | $ | 9,326 |
Debt securities |  |  | 2,500 |  |  |  | — |  |  |  | (51 | ) |  |  | 2,449 |
Private label mortgage-backed securities-residential |  |  | 40 |  |  |  | — |  |  |  | — |  |  |  | 40 |
Total securities available for sale |  | $ | 11,982 |  |  | $ | 9 |  |  | $ | (176 | ) |  | $ | 11,815 |
|  | September 30, 2017 |
|  |  |  |  | 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 |  | $ | 3,466 |  |  | $ | 123 |  |  | $ | (96 | ) |  | $ | 3,493 |
Mortgage-backed securities - commercial |  |  | 968 |  |  |  | — |  |  |  | (10 | ) |  |  | 958 |
Obligations of U.S. government-sponsored enterprises: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage backed securities - residential |  |  | 39,016 |  |  |  | 349 |  |  |  | (251 | ) |  |  | 39,114 |
Debt securities |  |  | 4,461 |  |  |  | — |  |  |  | (24 | ) |  |  | 4,437 |
Private label mortgage-backed securities - residential |  |  | 457 |  |  |  | — |  |  |  | (2 | ) |  |  | 455 |
Corporate securities |  |  | 3,000 |  |  |  | — |  |  |  | (216 | ) |  |  | 2,784 |
Total securities held to maturity |  | $ | 51,368 |  |  | $ | 472 |  |  | $ | (599 | ) |  | $ | 51,241 |
|  | At September 30, 2016 |
|  |  |  |  | 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 |  | $ | 5,075 |  |  | $ | 52 |  |  | $ | — |  |  | $ | 5,127 |
Private label mortgage-backed securities-residential |  |  | 108 |  |  |  | — |  |  |  | (1 | ) |  |  | 107 |
Total securities available-for-sale |  | $ | 5,183 |  |  | $ | 52 |  |  | $ | (1 | ) |  | $ | 5,234 |
|  | At 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 |
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, 2017 are summarized in the following table:
|  | September 30, 2017 |
|  | (In thousands) |
|  | Amortized |  |  | Fair |
|  | Cost |  |  | Value |
Due within 1 year |  | $ | — |  |  | $ | — |
Due after 1 but within 5 years |  |  | — |  |  |  | — |
Due after 5 but within 10 years |  |  | 2,500 |  |  |  | 2,449 |
Due after 10 years |  |  | — |  |  |  | — |
Total debt securities |  |  | 2,500 |  |  |  | 2,449 |
Mortgage-backed securities: |  |  |  |  |  |  |  |
Residential(1) |  |  | 9,482 |  |  |  | 9,366 |
Commercial |  |  | — |  |  |  | — |
Total |  | $ | 11,982 |  |  | $ | 11,815 |
| (1) | Available-for-sale mortgage-backed securities – residential include an amortized cost of $9.4 million and a fair value of $9.3 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 $40,000 and fair value of $40,000.
The maturities of the debt securities and the mortgage-backed securities held to maturity at September 30, 2017 are summarized in the following table:
|  | September 30, 2017 |
|  | Amortized |  |  | Fair |
|  | Cost |  |  | Value |
|  | (In thousands) |
Due within 1 year |  | $ | 2,000 |  |  | $ | 1,996 |
Due after 1 but within 5 years |  |  | — |  |  |  | — |
Due after 5 but within 10 years |  |  | 4,499 |  |  |  | 4,280 |
Due after 10 years |  |  | 962 |  |  |  | 945 |
Total debt securities |  |  | 7,461 |  |  |  | 7,221 |
Mortgage backed securities: |  |  |  |  |  |  |  |
Residential(1) |  |  | 42,939 |  |  |  | 43,062 |
Commercial(2) |  |  | 968 |  |  |  | 958 |
Total |  | $ | 51,368 |  |  | $ | 51,241 |
| (1) | Held-to-maturity mortgage-backed securities – residential include an amortized cost of $3.5 million and a fair value of $3.5 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 $39.0 million and a fair value of $39.1 million. Also included are mortgage backed securities issued by non-U.S. government agencies and government-sponsored enterprises with an amortized cost of $457,000 and a fair value of $455,000.
| (2) | Held-to-maturity mortgage-backed securities – commercial include an amortized cost of $968,000 and a fair value of $958,000 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, 2017 and 2016 are as follows:
|  |  |  |  | September 30, 2017 |
|  |  |  |  | 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 |  |  | $ | — |  |  | $ | — |  |  | $ | 605 |  |  | $ | (96 | ) |  | $ | 605 |  |  | $ | (96 | )
Mortgage-backed securities - commercial |  |  | 1 |  |  |  | 958 |  |  |  | (10 | ) |  |  | — |  |  |  | — |  |  |  | 958 |  |  |  | (10 | )
Obligations of U.S. government-sponsored enterprises |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities - residential |  |  | 20 |  |  |  | 6,582 |  |  |  | (92 | ) |  |  | 21,713 |  |  |  | (284 | ) |  |  | 28,295 |  |  |  | (376 | )
Debt securities |  |  | 5 |  |  |  | 4,890 |  |  |  | (71 | ) |  |  | 1,996 |  |  |  | (4 | ) |  |  | 6,886 |  |  |  | (75 | )
Private label mortgage-backed securities residential |  |  | 2 |  |  |  | — |  |  |  | — |  |  |  | 193 |  |  |  | (2 | ) |  |  | 193 |  |  |  | (2 | )
Corporate securities |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | 2,784 |  |  |  | (216 | ) |  |  | 2,784 |  |  |  | (216 | )
Total |  |  | 31 |  |  | $ | 12,430 |  |  | $ | (173 | ) |  | $ | 27,291 |  |  | $ | (602 | ) |  | $ | 39,721 |  |  | $ | (775 | )
|  |  |  |  | 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 | )

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