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

3 Months Ended

Dec. 31, 2017

Loans Receivable, Net [Abstract]

Schedule of loans receivable, net

Loans receivable, net were comprised of the following:

		December 31,				September 30,
		2017				2017
		(Dollars in thousands)
One-to four-family residential		$	175,461			$	178,336
Commercial real estate			210,081				207,118
Construction			22,811				22,622
Home equity lines of credit			20,586				18,536
Commercial business			46,595				41,113
Other			6,039				6,266
Total loans receivable			481,573				473,991
Net deferred loan costs			165				177
Allowance for loan losses			(3,537	)			(3,475	)
Total loans receivable, net		$	478,201			$	470,693

Schedule of impaired loans

The following tables present 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, 2017		Investment				Allowance				Investment				Investment				Balance
		(Dollars in thousands)
One-to four-family residential		$	208			$	60			$	2,350			$	2,558			$	2,683
Commercial real estate			—				—				3,673				3,673				3,673
Commercial business			—				—				363				363				454
Total impaired loans		$	208			$	60			$	6,386			$	6,594			$	6,810

										Impaired
										Loans with
		Impaired Loans with								No Specific
		Specific Allowance								Allowance				Total Impaired Loans
																		Unpaid
		Recorded				Related				Recorded				Recorded				Principal
At September 30, 2017		Investment				Allowance				Investment				Investment				Balance
		(Dollars in thousands)
One-to four-family residential		$	—			$	—			$	3,124			$	3,124			$	3,436
Commercial real estate			—				—				4,088				4,088				4,110
Commercial business			—				—				243				243				243
Total impaired loans		$	—			$	—			$	7,455			$	7,455			$	7,789

Schedule of average recorded investment in impaired loans

The following tables present 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, 2017
		(Dollars in thousands)
One-to four-family residential		$	2,841
Commercial real estate			3,881
Commercial business			303
Average investment in impaired loans		$	7,025

		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

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, 2017
One-to four-family residential		$	174,099			$	—			$	1,362			$	—			$	175,461
Commercial real estate			207,804				—				2,277				—				210,081
Construction			20,396				—				2,415				—				22,811
Home equity lines of credit			20,586				—				—				—				20,586
Commercial business			46,472				—				123				—				46,595
Other			6,039				—				—				—				6,039
Total		$	475,396			$	—			$	6,177			$	—			$	481,573

						Special
		Pass				Mention				Substandard				Doubtful				Total
		(Dollars in  thousands)
September 30, 2017
One-to four-family residential		$	176,285			$	127			$	1,924			$	—			$	178,336
Commercial real estate			204,435				—				2,683				—				207,118
Construction			20,194				—				2,428				—				22,622
Home equity lines of credit			18,536				—				—				—				18,536
Commercial business			40,820				293				—				—				41,113
Other			6,266				—				—				—				6,266
Total		$	466,536			$	420			$	7,035			$	—			$	473,991

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

Management further monitors the performance and credit quality of the loan portfolio by analyzing the age of the portfolio as determined by the length of time a recorded payment is past due. 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, 2017
One-to four-family residential		$	170,310			$	4,241			$	—			$	910			$	5,151			$	910			$	175,461
Commercial real estate			203,710				6,102				178				91				6,371				91				210,081
Construction			22,811				—				—				—				—				—				22,811
Home equity lines of credit			20,355				—				39				192				231				192				20,586
Commercial business			46,357				115				—				123				238				123				46,595
Other			6,039				—				—				—				—				—				6,039
Total		$	469,582			$	10,458			$	217			$	1,316			$	11,991			$	1,316			$	481,573

						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, 2017
One-to four-family residential		$	176,546			$	—			$	127			$	1,663			$	1,790			$	1,663			$	178,336
Commercial real estate			206,218				418				—				482				900				482				207,118
Construction			22,622				—				—				—				—				—				22,622
Home equity lines of credit			18,344				—				192				—				192				—				18,536
Commercial business			40,420				400				80				213				693				213				41,113
Other			6,266				—				—				—				—				—				6,266
Total		$	470,416			$	818			$	399			$	2,358			$	3,575			$	2,358			$	473,991

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, 2017:

		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, 2017		$	587			$	1,277			$	490			$	57			$	956			$	6			$	102			$	3,475
Charge-offs			(127	)			—				—				—				(170	)			—				—				(297	)
Recoveries			82				23				3				—				1				—				—				109
Provision			21				(1	)			(109	)			74				265				(2	)			2				250
Balance- December 31, 2017		$	563			$	1,299			$	384			$	131			$	1,052			$	4			$	104			$	3,537

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, 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, 2017 and September 30, 2017:  

		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, 2017		$	563			$	1,299			$	384			$	131			$	1,052			$	4			$	104			$	3,537
Individually evaluated
for impairment			60				—				—				—				—				—				—				60
Collectively evaluated
for impairment			503				1,299				384				131				1,052				4				104				3,477
Loans receivable:
Balance - December 31, 2017		$	175,461			$	210,081			$	22,811			$	20,586			$	46,595			$	6,039			$	—			$	481,573
Individually evaluated
for impairment			2,558				3,673				—				—				363				—				—				6,594
Collectively evaluated
for impairment			172,903				206,408				22,811				20,586				46,232				6,039				—				474,979

		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, 2017		$	587			$	1,277			$	490			$	57			$	956			$	6			$	102			$	3,475
Individually evaluated
for impairment			—				—				—				—				—				—				—				—
Collectively evaluated
for impairment			587				1,277				490				57				956				6				102				3,475
Loans receivable:
Balance - September 30, 2017		$	178,336			$	207,118			$	22,622			$	18,536			$	41,113			$	6,266			$	—			$	473,991
Individually evaluated
for impairment			3,124				4,088				—				—				243				—								7,455
Collectively evaluated
for impairment			175,212				203,030				22,622				18,536				40,870				6,266								466,536

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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.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
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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
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-URI http://asc.fasb.org/extlink&oid=82894031&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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