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

6 Months Ended

Mar. 31, 2019

Receivables [Abstract]

Schedule of loans receivable, net

Loans receivable, net were comprised of the following:

		March 31,				September 30,
		2019				2018
		(In thousands)
One-to four-family residential		$	189,066			$	185,287
Commercial real estate			223,432				219,347
Construction			33,493				30,412
Home equity lines of credit			19,482				17,982
Commercial business			49,225				53,320
Other			5,178				6,150
Total loans receivable			519,876				512,498
Net deferred loan costs			104				132
Allowance for loan losses			(4,600	)			(4,200	)
Total loans receivable, net		$	515,380			$	508,430

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, 2019 and September 30, 2018:

										Impaired
										Loans with
		Impaired Loans with								No Specific
		Specific Allowance								Allowance				Total Impaired Loans
																		Unpaid
		Recorded				Related				Recorded				Recorded				Principal
March 31, 2019		Investment				Allowance				Investment				Investment				Balance
		(In thousands)
One-to four-family residential		$	—			$	—			$	1,349			$	1,349			$	1,349
Commercial real estate			—				—				3,911				3,911				3,911
Construction			—				—				2,900				2,900				2,900
Home equity lines of credit			—				—				39				39				39
Commercial business			—				—				583				583				583
Total impaired loans		$	—			$	—			$	8,782			$	8,782			$	8,782

										Impaired
										Loans with
		Impaired Loans with								No Specific
		Specific Allowance								Allowance				Total Impaired Loans
																		Unpaid
		Recorded				Related				Recorded				Recorded				Principal
September 30, 2018		Investment				Allowance				Investment				Investment				Balance
		(In thousands)
One-to four-family residential		$	—			$	—			$	1,132			$	1,132			$	1,132
Commercial real estate			—				—				3,961				3,961				3,961
Home equity lines of credit			—				—				58				58				58
Commercial business			—				—				710				710				801
Total impaired loans		$	—			$	—			$	5,861			$	5,861			$	5,952

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, 2019 and 2018.

		Three Months				Six Months
		March 31, 2019				March 31, 2019
		(In thousands)
One-to four-family residential		$	1,240			$	1,204
Commercial real estate			3,923				3,936
Construction			2,900				1,933
Home equity lines of credit			49				52
Commercial business			646				667
Average investment in impaired loans		$	8,758			$	7,792

		Three Months				Six Months
		March 31, 2018				March 31, 2018
		(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

Schedule of loan portfolio summarized by Bank's internal risk rating system

The following tables present 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
		(In  thousands)
March 31, 2019
One-to four-family residential		$	188,663			$	—			$	403			$	—			$	189,066
Commercial real estate			221,946				840				646				—				223,432
Construction			30,593				—				2,900				—				33,493
Home equity lines of credit			19,443				—				39				—				19,482
Commercial business			48,873				—				352				—				49,225
Other			5,178				—				—				—				5,178
Total		$	514,696			$	840			$	4,340			$	—			$	519,876

						Special
		Pass				Mention				Substandard				Doubtful				Total
		(In  thousands)
September 30, 2018
One-to four-family residential		$	185,118			$	—			$	169			$	—			$	185,287
Commercial real estate			217,935				753				659				—				219,347
Construction			30,412				—				—				—				30,412
Home equity lines of credit			17,924				—				58				—				17,982
Commercial business			52,845				—				475				—				53,320
Other			6,150				—				—				—				6,150
Total		$	510,384			$	753			$	1,361			$	—			$	512,498

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
		(In  thousands)
March 31, 2019
One-to four-family residential		$	188,055			$	973			$	—			$	38			$	1,011			$	38			$	189,066
Commercial real estate			220,955				2,027				—				450				2,477				450				223,432
Construction			30,593				—				—				2,900				2,900				2,900				33,493
Home equity lines of credit			19,443				—				—				39				39				39				19,482
Commercial business			48,589				284				—				352				636				352				49,225
Other			5,178				—				—				—				—				—				5,178
Total		$	512,813			$	3,284			$	—			$	3,779			$	7,063			$	3,779			$	519,876

						30-59				60-89
						Days				Days				90 Days +				Total				Non-				Total
		Current				Past Due				Past Due				Past Due				Past Due				Accrual				Loans
		(In  thousands)
September 30, 2018
One-to four-family residential		$	185,132			$	17			$	—			$	138			$	155			$	138			$	185,287
Commercial real estate			218,892				—				—				455				455				455				219,347
Construction			30,412				—				—				—				—				—				30,412
Home equity lines of credit			17,892				—				—				90				90				90				17,982
Commercial business			52,845				252				—				223				475				223				53,320
Other			6,150				—				—				—				—				—				6,150
Total		$	511,323			$	269			$	—			$	906			$	1,175			$	906			$	512,498

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, 2019:

		One-to-Four												Home Equity
		Family				Commercial								Lines of				Commercial
		Residential				Real Estate				Construction				Credit				Business				Other				Unallocated				Total
		(In  thousands)
Balance- September 30, 2018		$	687			$	1,540			$	493			$	109			$	1,151			$	25			$	195			$	4,200
Charge-offs			—				—				—				—				—				—				—				—
Recoveries			—				—				—				1				—				—				—				1
Provision			11				50				181				11				31				(21	)			(62	)			201
Balance- December 31, 2018		$	698			$	1,590			$	674			$	121			$	1,182			$	4			$	133			$	4,402
Charge-offs			—				—				—				—				—				—				—				—
Recoveries			92				—				—				—				—				—				—				92
Provision			(80	)			95				142				17				(78	)			(1	)			11				106
Balance- March 31, 2019		$	710			$	1,685			$	816			$	138			$	1,104			$	3			$	144			$	4,600

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
		(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 tables summarize 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, 2019 and September 30, 2018:  

		One-to-Four												Home Equity
		Family				Commercial								Lines of				Commercial
		Residential				Real Estate				Construction				Credit				Business				Other				Unallocated				Total
		(In  thousands)
Allowance for Loan Losses:
Balance - March 31, 2019		$	710			$	1,685			$	816			$	138			$	1,104			$	3			$	144			$	4,600
Individually evaluated
for impairment			—				—				—				—				—				—				—				—
Collectively evaluated
for impairment			710				1,685				816				138				1,104				3				144				4,600
Loans receivable:
Balance - March 31, 2019		$	189,066			$	223,432			$	33,493			$	19,482			$	49,225			$	5,178			$	—			$	519,876
Individually evaluated
for impairment			1,349				3,911				2,900				39				583				—				—				8,782
Collectively evaluated
for impairment			187,717				219,521				30,593				19,443				48,642				5,178				—				511,094

		One-to- Four												Home Equity
		Family				Commercial								Lines of				Commercial
		Residential				Real Estate				Construction				Credit				Business				Other				Unallocated				Total
		(In  thousands)
Allowance for Loan Losses:
Balance - September 30, 2018		$	687			$	1,540			$	493			$	109			$	1,151			$	25			$	195			$	4,200
Individually evaluated
for impairment			—				—				—				—				—				—				—				—
Collectively evaluated
for impairment			687				1,540				493				109				1,151				25				195				4,200
Loans receivable:
Balance - September 30, 2018		$	185,287			$	219,347			$	30,412			$	17,982			$	53,320			$	6,150			$	—			$	512,498
Individually evaluated
for impairment			1,132				3,961				—				58				710				—				—				5,861
Collectively evaluated
for impairment			184,155				215,386				30,412				17,924				52,610				6,150				—				506,637

Schedule of troubled debt restructurings

The following tables summarize the TDRs for the three and six months ended March 31, 2019:

		Three Months Ended March 31, 2019
		Number of				Investment Before				Investment After
		Loans				TDR Modification				TDR Modification
		(Dollars in thousands)
One-to four-family residential			1			$	260			$	365
Total			1			$	260			$	365

		Six Months Ended March 31, 2019
		Number of				Investment Before				Investment After
		Loans				TDR Modification				TDR Modification
		(Dollars in thousands)
One-to four-family residential			1			$	260			$	365
Total			1			$	260			$	365

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