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INVESTMENT SECURITIES (Tables)

6 Months Ended

Mar. 31, 2018

Investments, Debt and Equity Securities [Abstract]

Summary of the amortized cost and fair values of securities available for sale

The following tables summarize the amortized cost and fair values of securities available for sale at March 31, 2018 and September 30, 2017:

		March 31, 2018
						Gross				Gross
		Amortized				Unrealized				Unrealized				Fair
		Cost				Gains				Losses				Value
		(Dollars in thousands)
Securities available for sale:
Obligations of U.S. government agencies:
Mortgage-backed securities - residential		$	1,519			$	54			$	—			$	1,573
Obligations of U.S. government-sponsored enterprises:
Mortgage-backed securities-residential			20,163				29				(453	)			19,739
Debt securities			2,500				—				(119	)			2,381
Private label mortgage-backed securities-residential			15				—				—				15
Total securities available for sale		$	24,197			$	83			$	(572	)		$	23,708

		September 30, 2017
						Gross				Gross
		Amortized				Unrealized				Unrealized				Fair
		Cost				Gains				Losses				Value
		(Dollars 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

Summary of maturities of the debt securities and mortgage-backed securities available for sale

The maturities of the debt securities and mortgage-backed securities available for sale at March 31, 2018 are summarized in the following table:

		March 31, 2018
		Amortized				Fair
		Cost				Value
		(Dollars in thousands)
Due within 1 year		$	—			$	—
Due after 1 but within 5 years			1,500				1,417
Due after 5 but within 10 years			1,000				964
Due after 10 years			—				—
Total debt securities			2,500				2,381
Mortgage-backed securities:
Residential			21,697				21,327
Commercial			—				—
Total		$	24,197			$	23,708

Summary of the amortized cost and fair values of securities held to maturity

The following tables summarize the amortized cost and fair values of securities held to maturity at March 31, 2018 and September 30, 2017:

		March 31, 2018
						Gross				Gross
		Amortized				Unrealized				Unrealized				Fair
		Cost				Gains				Losses				Value
		(Dollars in thousands)
Securities held to maturity:
Obligations of U.S. government agencies:
Mortgage-backed securities - residential		$	610			$	—			$	(97	)		$	513
Mortgage-backed securities - commercial			936				—				(11	)			925
Obligations of U.S. government-sponsored enterprises:
Mortgage-backed-securities - residential			27,654				6				(692	)			26,968
Debt securities			4,463				—				(83	)			4,380
Private label mortgage-backed securities - residential			419				—				(1	)			418
Corporate securities			3,000				—				(353	)			2,647
Total securities held to maturity		$	37,082			$	6			$	(1,237	)		$	35,851

		September 30, 2017
						Gross				Gross
		Amortized				Unrealized				Unrealized				Fair
		Cost				Gains				Losses				Value
		(Dollars 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

Summary of maturities of the debt securities and mortgage-backed securities securities held to maturity

The maturities of the debt securities and the mortgage backed securities held to maturity at March 31, 2018 are summarized in the following table:

		March 31, 2018
		Amortized				Fair
		Cost				Value
		(Dollars in  thousands)
Due within 1 year		$	2,000			$	1,999
Due after 1 but within 5 years			1,499				1,470
Due after 5 but within 10 years			3,000				2,647
Due after 10 years			964				911
Total debt securities			7,463				7,027
Mortgage-backed securities:
Residential			28,683				27,899
Commercial			936				925
Total		$	37,082			$	35,851

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Tabular disclosure of maturities of the entity's investments in certain debt and equity securities for which the entity has the positive intent and ability to hold until maturity.

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Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

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- Definition

Tabular disclosure of information about investment in debt security measured at amortized cost (held-to-maturity).

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=82897076&loc=d3e27232-111563

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