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LOANS RECEIVABLE, NET AND RELATED ALLOWANCE FOR LOAN LOSSES (Tables)

3 Months Ended

Dec. 31, 2016

Loans Receivable, Net [Abstract]

Schedule of loans receivable, net

Loans receivable, net were comprised of the following:

		December 31,				September 30,
		2016				2016
		(Dollars in thousands)
One-to four-family residential		$	174,360			$	173,235
Commercial real estate			203,351				199,510
Construction			16,857				14,939
Home equity lines of credit			22,918				21,967
Commercial business			38,882				38,865
Other			8,290				9,355
Total loans receivable			464,658				457,871
Net deferred loan costs			209				216
Allowance for loan losses			(3,170	)			(3,056	)
Total loans receivable, net		$	461,697			$	455,031

Schedule of impaired loans

The following table presents impaired loans by class, segregated by those for which a specific allowance was required and charged-off and those for which a specific allowance was not necessary at the dates presented:

										Impaired
										Loans with
		Impaired Loans with								No Specific
		Specific Allowance								Allowance				Total Impaired Loans
																		Unpaid
		Recorded				Related				Recorded				Recorded				Principal
At December 31, 2016		Investment				Allowance				Investment				Investment				Balance
		(Dollars in thousands)
One-to four-family residential		$	—			$	—			$	3,818			$	3,818			$	4,021
Commercial real estate			—				—				3,803				3,803				3,803
Home equity lines of credit			—				—				29				29				29
Commercial business			760				19				317				1,077				1,917
Other			—				—				12				12				12
Total impaired loans		$	760			$	19			$	7,979			$	8,739			$	9,782

										Impaired
										Loans with
		Impaired Loans with								No Specific
		Specific Allowance								Allowance				Total Impaired Loans
																		Unpaid
		Recorded				Related				Recorded				Recorded				Principal
At September 30, 2016		Investment				Allowance				Investment				Investment				Balance
		(Dollars in thousands)
One-to four-family residential		$	—			$	—			$	4,010			$	4,010			$	4,239
Commercial real estate			—				—				3,843				3,843				3,843
Home equity lines of credit			—				—				153				153				167
Commercial business			997				39				250				1,247				1,850
Total impaired loans		$	997			$	39			$	8,256			$	9,253			$	10,099

Schedule of average recorded investment in impaired loans

The following table presents the average recorded investment in impaired loans for the periods indicated. There was no interest income recognized on impaired loans during the periods presented.

		Three Months
		Ended December 31, 2016
		(Dollars in thousands)
One-to four-family residential		$	3,914
Commercial real estate			3,823
Home equity lines of credit			91
Commercial business			1,162
Other			4
Average investment in impaired loans		$	8,994

		Three Months
		Ended December 31, 2015
		(Dollars in thousands)
One-to four-family residential		$	2,996
Commercial real estate			5,437
Home equity lines of credit			333
Commercial business			1,861
Average investment in impaired loans		$	10,627

Schedule of loan portfolio summarized by Bank's internal risk rating system

The following table presents the classes of the loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the Bank’s internal risk rating system at the dates presented:

						Special
		Pass				Mention				Substandard				Doubtful				Total
		(Dollars in  thousands)
December 31, 2016
One-to four-family residential		$	170,906			$	208			$	3,246			$	—			$	174,360
Commercial real estate			197,963				2,600				2,788				—				203,351
Construction			14,391				—				2,466				—				16,857
Home equity lines of credit			22,889				—				29				—				22,918
Commercial business			38,053				—				69				760				38,882
Other			8,278				—				12				—				8,290
Total		$	452,480			$	2,808			$	8,610			$	760			$	464,658

						Special
		Pass				Mention				Substandard				Doubtful				Total
		(Dollars in  thousands)
September 30, 2016
One-to four-family residential		$	169,596			$	209			$	3,430			$	—			$	173,235
Commercial real estate			196,838				—				2,672				—				199,510
Construction			12,461				—				2,478				—				14,939
Home equity lines of credit			21,814				—				153				—				21,967
Commercial business			37,868				—				—				997				38,865
Other			9,355				—				—				—				9,355
Total		$	447,932			$	209			$	8,733			$	997			$	457,871

Schedule of aging analysis of past due loans, segregated by class of loans

The following table presents the classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans at the dates presented:

						30-59				60-89
						Days				Days				90 Days +				Total				Non-				Total
		Current				Past Due				Past Due				Past Due				Past Due				Accrual				Loans
		(Dollars in  thousands)
December 31, 2016
One-to four-family residential		$	171,252			$	—			$	675			$	2,433			$	3,108			$	2,433			$	174,360
Commercial real estate			201,377				653				405				916				1,974				916				203,351
Construction			16,857				—				—				—				—				—				16,857
Home equity lines of credit			22,396				298				195				29				522				29				22,918
Commercial business			37,970				152				—				760				912				760				38,882
Other			8,278				—				—				12				12				12				8,290
Total		$	458,130			$	1,103			$	1,275			$	4,150			$	6,528			$	4,150			$	464,658

						30-59				60-89
						Days				Days				90 Days +				Total				Non-				Total
		Current				Past Due				Past Due				Past Due				Past Due				Accrual				Loans
		(Dollars in  thousands)
September 30, 2016
One-to four-family residential		$	170,705			$	—			$	44			$	2,486			$	2,530			$	2,486			$	173,235
Commercial real estate			198,577				—				490				443				933				443				199,510
Construction			14,939				—				—				—				—				—				14,939
Home equity lines of credit			21,686				—				—				281				281				281				21,967
Commercial business			37,865				—				3				997				1,000				997				38,865
Other			9,355				—				—				—				—				—				9,355
Total		$	453,127			$	—			$	537			$	4,207			$	4,744			$	4,207			$	457,871

Schedule of activity in the allowance for loan losses by portfolio segment

The following table summarizes the ALL by loan category and the related activity for the three months ended December 31, 2016:

		One-to-Four												Home Equity
		Family				Commercial								Lines of				Commercial
		Residential				Real Estate				Construction				Credit				Business				Other				Unallocated				Total
		(Dollars in  thousands)
Balance- September 30, 2016		$	542			$	1,075			$	361			$	71			$	976			$	9			$	22			$	3,056
Charge-offs			(18	)			—				—				—				(237	)			—				—				(255	)
Recoveries			35				—				3				—				1				—				—				39
Provision			(35	)			77				4				—				174				(2	)			112				330
Balance- December 31, 2016		$	524			$	1,152			$	368			$	71			$	914			$	7			$	134			$	3,170

The following table summarizes the ALL by loan category and the related activity for the three months ended December 31, 2015:

		One-to-Four												Home Equity
		Family				Commercial								Lines of				Commercial
		Residential				Real Estate				Construction				Credit				Business				Other				Unallocated				Total
		(Dollars in  thousands)
Balance- September 30, 2015		$	395			$	931			$	453			$	53			$	969			$	6			$	79			$	2,886
Charge-offs			(45	)			—				—				—				—				—				—				(45	)
Recoveries			—				—				—				80				1				—				—				81
Provision			36				4				(71	)			(78	)			255				3				29				178
Balance- December 31, 2015		$	386			$	935			$	382			$	55			$	1,225			$	9			$	108			$	3,100

The following table summarizes the ALL by loan category, segregated into the amount required for loans individually evaluated for impairment and the amount required for loans collectively evaluated for impairment as of December 31, 2016 and September 30, 2016:  

		One-to-Four												Home Equity
		Family				Commercial								Lines of				Commercial
		Residential				Real Estate				Construction				Credit				Business				Other				Unallocated				Total
		(Dollars in  thousands)
Allowance for Loan Losses:
Balance - December 31, 2016		$	524			$	1,152			$	368			$	71			$	914			$	7			$	134			$	3,170
Individually evaluated
for impairment			—				—				—				—				19				—				—				19
Collectively evaluated
for impairment			524				1,152				368				71				895				7				134				3,151
Loans receivable:
Balance - December 31, 2016		$	174,360			$	203,351			$	16,857			$	22,918			$	38,882			$	8,290			$	—			$	464,658
Individually evaluated
for impairment			3,818				3,803				—				29				1,077				12				—				8,739
Collectively evaluated
for impairment			170,542				199,548				16,857				22,889				37,805				8,278				—				455,919

		One-to- Four												Home Equity
		Family				Commercial								Lines of				Commercial
		Residential				Real Estate				Construction				Credit				Business				Other				Unallocated				Total
		(Dollars in  thousands)
Allowance for Loan Losses:
Balance - September 30, 2016		$	542			$	1,075			$	361			$	71			$	976			$	9			$	22			$	3,056
Individually evaluated
for impairment			—				—				—				—				39				—				—				39
Collectively evaluated
for impairment			542				1,075				361				71				937				9				22				3,017
Loans receivable:
Balance - September 30, 2016		$	173,235			$	199,510			$	14,939			$	21,967			$	38,865			$	9,355			$	—			$	457,871
Individually evaluated
for impairment			4,010				3,843				—				153				1,247				—								9,253
Collectively evaluated
for impairment			169,225				195,667				14,939				21,814				37,618				9,355								448,618

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- Definition

Tabular disclosure of amount of investment of impaired financing receivables with related allowance for credit losses and without a related allowance for credit losses.

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Tabular disclosure of financing receivables (examples of financing receivables include loans, trade accounts receivable and notes receivable) and activity in the allowance for credit losses account.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 11B
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Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 55
-Paragraph 19
-URI http://asc.fasb.org/extlink&oid=32702940&loc=SL6953803-111525

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Tabular disclosure of financing receivables that are past due but not impaired, financing receivables that are 90 days past due and still accruing, and financing receivables on nonaccrual status.

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-Publisher FASB
-Name Accounting Standards Codification
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