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BORROWINGS (Tables)
 12 Months Ended
Sep. 30, 2019
Debt Disclosure [Abstract]  
Schedule of maturities of FHLBNY advances

Long term FHLBNY advances as of September 30, 2019 mature as follows (in thousands):

 

Year Ending September 30,    
2020  $10,294 
2021   7,130 
2022   10,731 
2023   3,650 
2024   4,384 
Thereafter   — 
Total  $36,189 

 
Schedule of short-term arrangements with the FHLBNY

Additionally, the Company has established an Overnight Line of Credit arrangement with the FHLBNY. The total amount available under the line of credit is based on the amount of eligible collateral pledged to the FHLBNY. At September 30, 2019 and 2018, the Company had available credit from the FHLBNY totaling $76.7 million and $78.7 million, respectively. Information concerning short-term borrowings with the FHLBNY is summarized as follows:

 

   September 30, 
   2019   2018 
   (Dollars in thousands) 
         
Balance at end of year  $—   $— 
Weighted average balance during the year  $743   $3,418 
Maximum month-end balance during the year  $16,800   $25,175 
Average interest rate during the year   2.45%    2.16%