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

6 Months Ended

Mar. 31, 2018

Loans Receivable, Net [Abstract]

Schedule of loans receivable, net

Loans receivable, net were comprised of the following:

		March 31,				September 30,
		2018				2017
		(Dollars in thousands)
One-to four-family residential		$	176,483			$	178,336
Commercial real estate			214,287				207,118
Construction			22,948				22,622
Home equity lines of credit			18,562				18,536
Commercial business			49,335				41,113
Other			5,657				6,266
Total loans receivable			487,272				473,991
Net deferred loan costs			162				177
Allowance for loan losses			(3,769	)			(3,475	)
Total loans receivable, net		$	483,665			$	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 six months ended March 31, 2018 and September 30, 2017:

										Impaired
										Loans with
		Impaired Loans with								No Specific
		Specific Allowance								Allowance				Total Impaired Loans
																		Unpaid
		Recorded				Related				Recorded				Recorded				Principal
At March 31, 2018		Investment				Allowance				Investment				Investment				Balance
		(Dollars in thousands)
One-to four-family residential		$	—			$	—			$	2,503			$	2,503			$	2,653
Commercial real estate			—				—				3,642				3,642				3,642
Commercial business			—				—				362				362				452
Total impaired loans		$	—			$	—			$	6,507			$	6,507			$	6,747

										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 three and six months ended March 31, 2018 and 2017. There was no interest income recognized on impaired loans during the six months ended March 31, 2018.

		Three Months				Six Months
		Ended March 31, 2018				Ended March 31, 2018
		(Dollars in thousands)
One-to four-family residential		$	2,531			$	2,728
Commercial real estate			3,658				3,801
Commercial business			363				323
Average investment in impaired loans		$	6,552			$	6,852

		Three Months				Six Months
		Ended March 31, 2017				Ended March 31, 2017
		(Dollars in thousands)
One-to four-family residential		$	3,563			$	3,712
Commercial real estate			5,106				4,685
Home equity lines of credit			257				222
Commercial business			913				1,024
Other			12				8
Average investment in impaired loans		$	9,851			$	9,651

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)
March 31, 2018
One-to four-family residential		$	175,170			$	—			$	1,313			$	—			$	176,483
Commercial real estate			212,037				—				2,250				—				214,287
Construction			20,547				—				2,401				—				22,948
Home equity lines of credit			18,562				—				—				—				18,562
Commercial business			49,212				—				123				—				49,335
Other			5,657				—				—				—				5,657
Total		$	481,185			$	—			$	6,087			$	—			$	487,272

						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

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)
March 31, 2018
One-to four-family residential		$	167,674			$	7,760			$	32			$	1,017			$	8,809			$	1,017			$	176,483
Commercial real estate			207,762				6,440				—				85				6,525				85				214,287
Construction			21,495				1,453				—				—				1,453				—				22,948
Home equity lines of credit			18,504				19				—				39				58				39				18,562
Commercial business			48,868				344				—				123				467				123				49,335
Other			5,651				6				—				—				6				—				5,657
Total		$	469,954			$	16,022			$	32			$	1,264			$	17,318			$	1,264			$	487,272

						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 six months ended March 31, 2018:

		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
Charge-offs			(25	)			—				—				—				—				—				—				(25	)
Recoveries			—				—				—				—				—				—				—				—
Provision			(5	)			119				58				(19	)			106				—				(2	)			257
Balance- March 31, 2018		$	533			$	1,418			$	442			$	112			$	1,158			$	4			$	102			$	3,769

The following table summarizes the ALL by loan category and the related activity for the six months ended March 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, 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
Charge-offs			(52	)			—				—				—				(226	)			—				—				(278	)
Recoveries			—				—				3				14				1				—				—				18
Provision			175				(44	)			(3	)			(18	)			323				6				(36	)			403
Balance- March 31, 2017		$	647			$	1,108			$	368			$	67			$	1,012			$	13			$	98			$	3,313

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 March 31, 2018 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 - March 31, 2018		$	533			$	1,418			$	442			$	112			$	1,158			$	4			$	102			$	3,769
Individually evaluated
for impairment			—				—				—				—				—				—				—				—
Collectively evaluated
for impairment			533				1,418				442				112				1,158				4				102				3,769
Loans receivable:
Balance - March 31, 2018		$	176,483			$	214,287			$	22,948			$	18,562			$	49,335			$	5,657			$	—			$	487,272
Individually evaluated
for impairment			2,503				3,642				—				—				362				—								6,507
Collectively evaluated
for impairment			173,980				210,645				22,948				18,562				48,973				5,657								480,765

		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

Schedule of troubled debt restructurings

		Three Months Ended March 31, 2017
		Number of				Investment Before				Investment After
		Loans				TDR Modification				TDR Modification
		(Dollars in thousands)
One-to four-family residential			1			$	182			$	182
Total			1			$	182			$	182

		Six Months Ended March 31, 2017
		Number of				Investment Before				Investment After
		Loans				TDR Modification				TDR Modification
		(Dollars in thousands)
One-to four-family residential			1			$	182			$	182
Total			1			$	182			$	182

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