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INVESTMENT SECURITIES (Tables)

3 Months Ended

Dec. 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 December 31, 2018 and September 30, 2018:

		December 31, 2018
						Gross				Gross
		Amortized				Unrealized				Unrealized				Fair
		Cost				Gains				Losses				Value
		(In thousands)
Securities available for sale:
Obligations of U.S. government agencies:
Mortgage-backed securities - residential		$	1,442			$	41			$	(2	)		$	1,481
Obligations of U.S. government-sponsored enterprises:
Mortgage-backed securities-residential			18,826				15				(381	)			18,460
Debt securities			2,500				—				(86	)			2,414
Total securities available for sale		$	22,768			$	56			$	(469	)		$	22,355

		September 30, 2018
						Gross				Gross
		Amortized				Unrealized				Unrealized				Fair
		Cost				Gains				Losses				Value
		(In thousands)
Securities available for sale:
Obligations of U.S. government agencies:
Mortgage backed securities - residential		$	1,463			$	40			$	(8	)		$	1,495
Obligations of U.S. government-sponsored enterprises:
Mortgage-backed securities-residential			19,262				13				(662	)			18,613
Debt securities			2,500				—				(139	)			2,361
Total securities available for sale		$	23,225			$	53			$	(809	)		$	22,469

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 December 31, 2018 are summarized in the following table:

		December 31, 2018
		Amortized				Fair
		Cost				Value
		(In thousands)
Due within 1 year		$	—			$	—
Due after 1 but within 5 years			2,500				2,414
Due after 5 but within 10 years			—				—
Due after 10 years			—				—
Total debt securities			2,500				2,414
Mortgage-backed securities:
Residential			20,268				19,941
Commercial			—				—
Total		$	22,768			$	22,355

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 December 31, 2018 and September 30, 2018:

		December 31, 2018
						Gross				Gross
		Amortized				Unrealized				Unrealized				Fair
		Cost				Gains				Losses				Value
		(In thousands)
Securities held to maturity:
Obligations of U.S. government agencies:
Mortgage-backed securities - residential		$	490			$	—			$	(92	)		$	398
Mortgage-backed securities - commercial			889				—				(9	)			880
Obligations of U.S. government-sponsored enterprises:
Mortgage-backed-securities - residential			27,332				34				(510	)			26,856
Debt securities			2,465				—				(74	)			2,391
Private label mortgage-backed securities - residential			377				—				(1	)			376
Corporate securities			3,000				—				(434	)			2,566
Total securities held to maturity		$	34,553			$	34			$	(1,120	)		$	33,467

		September 30, 2018
						Gross				Gross
		Amortized				Unrealized				Unrealized				Fair
		Cost				Gains				Losses				Value
		(In thousands)
Securities held to maturity:
Obligations of U.S. government agencies:
Mortgage-backed securities - residential		$	568			$	—			$	(93	)		$	475
Mortgage-backed securities - commercial			904				—				(9	)			895
Obligations of U.S. government-sponsored enterprises:
Mortgage backed securities - residential			26,316				4				(867	)			25,453
Debt securities			2,464				—				(142	)			2,322
Private label mortgage-backed securities - residential			393				1				—				394
Corporate securities			3,000				—				(388	)			2,612
Total securities held to maturity		$	33,645			$	5			$	(1,499	)		$	32,151

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 December 31, 2018 are summarized in the following table:

		December 31, 2018
		Amortized				Fair
		Cost				Value
		(In  thousands)
Due within 1 year		$	—			$	—
Due after 1 but within 5 years			1,499				1,483
Due after 5 but within 10 years			3,966				3,474
Due after 10 years			—				—
Total debt securities			5,465				4,957
Mortgage-backed securities:
Residential			28,199				27,630
Commercial			889				880
Total		$	34,553			$	33,467

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- Definition

Tabular disclosure of maturities of an entity's investments in available-for-sale securities.

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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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