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INVESTMENT SECURITIES
 3 Months Ended
Dec. 31, 2018
Investments, Debt and Equity Securities [Abstract]  
INVESTMENT SECURITIES

NOTE H - INVESTMENT SECURITIES

 

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 

 

 

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 

 

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 

 

 

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 

 

There were no sales of investment securities during the three months ended December 31, 2018.