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COMMITMENTS
 12 Months Ended
Sep. 30, 2017
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):

 

     
September 30, 2018  $666 
September 30, 2019   683 
September 30, 2020   690 
September 30, 2021   702 
September 30, 2022   593 
Thereafter   2,770 
   $6,104 

 

Total rental expense, included in occupancy expense, was approximately $732,000 and $764,000 for the years ended September 30, 2017 and 2016, 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.