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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Sep. 30, 2017
Accounting Policies [Abstract]  
Schedule of reconciliation of the numerators and denominators of basic and diluted earnings per share

The following table illustrates the reconciliation of the numerators and denominators of the basic and diluted earnings per share (EPS) calculations. All stock options were anti-dilutive at September 30, 2017 and 2016.

 

   For the Years Ended September 30, 
   2017   2016 
       Weighted   Per       Weighted   Per 
       average   share       average   share 
   Income   shares   Amount   Income   shares   Amount 
   (In thousands, except share and per share data) 
Basic EPS                        
Net income available to common shareholders  $1,423    5,820,746   $0.24   $1,091    5,820,563   $0.19 
Effect of dilutive securities                              
Options and grants                        
Diluted EPS                              
Net income available to common shareholders plus assumed conversion  $1,423    5,820,746   $0.24   $1,091    5,820,563   $0.19
Schedule of other items allocated to comprehensive income (loss)

Comprehensive income (loss) includes net income as well as certain other items which result in a change to equity during the period. The other items allocated to comprehensive income (loss), as well as the related income tax effects, for the years ended September 30, 2017 and 2016 were as follows:

 

   September 30, 
   2017   2016 
       Tax   Net of       Tax   Net of 
   Before Tax   (Benefit)   Tax   Before Tax   (Benefit)   Tax 
   Amount   Expense   Amount   Amount   Expense   Amount 
   (In thousands) 
Unrealized holding (losses) gains arising                              
during period on:                              
Available-for-sale investments  $(218)  $79   $(139)  $49   $(21)  $28 
Less reclassification adjustment for net gains                              
realized on available-for-sale investments (a) (b)               (72)   29    (43)
Defined benefit pension plan   490    (196)   294    (242)   97    (145)
Other comprehensive income (loss), net  $272   $(117)  $155   $(265)  $105   $(160)

 

 

(a) Realized gains on securities transactions included in gains on sales of investment securities in the accompanying  Consolidated Statements of Operations
(b)  Tax effect included in income tax expense in the accompanying Consolidated Statements of Operations
Schedule of components of accumulated other comprehensive loss

The components of accumulated other comprehensive loss at September 30, 2017 and 2016 were as follows:

 

   September 30, 
   2017   2016 
   (In thousands) 
         
Available-for-sale investments  $(106)  $32 
Defined benefit pension plan   (898)   (1,191)
Total accumulated other comprehensive loss  $(1,004)  $(1,159)