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INVESTMENT SECURITIES (Tables)

9 Months Ended

Jun. 30, 2019

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 June 30, 2019 and September 30, 2018:

		June 30, 2019
						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		$	1,918			$	50			$	—			$	1,968
Obligations of U.S. government-sponsored enterprises:
Mortgage-backed securities-residential			16,460				83				(64	)			16,479
Debt securities			2,500				—				(6	)			2,494
Total securities available for sale		$	20,878			$	133			$	(70	)		$	20,941

		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 certain information regarding the mortgage-backed securities available for sale at June 30, 2019 are summarized in the following table:

		June 30, 2019
		Amortized				Fair
		Cost				Value
		(In thousands)
Due within 1 year		$	—			$	—
Due after 1 but within 5 years			2,500				2,494
Due after 5 but within 10 years			—				—
Due after 10 years			—				—
Total debt securities			2,500				2,494
Mortgage-backed securities:
Residential			18,378				18,447
Commercial			—				—
Total		$	20,878			$	20,941

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 June 30, 2019 and September 30, 2018:

		June 30, 2019
						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		$	463			$	—			$	(62	)		$	401
Mortgage-backed securities - commercial			858				—				(4	)			854
Obligations of U.S. government-sponsored enterprises:
Mortgage-backed-securities - residential			24,858				197				(85	)			24,970
Debt securities			2,467				4				—				2,471
Private label mortgage-backed securities - residential			368				7				—				375
Corporate securities			3,000				—				(300	)			2,700
Total securities held to maturity		$	32,014			$	208			$	(451	)		$	31,771

		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 certain information regarding the mortgage backed securities held to maturity at June 30, 2019 are summarized in the following table:

		June 30, 2019
		Amortized				Fair
		Cost				Value
		(In  thousands)
Due within 1 year		$	—			$	—
Due after 1 but within 5 years			1,499				1,500
Due after 5 but within 10 years			3,968				3,671
Due after 10 years			—				—
Total debt securities			5,467				5,171
Mortgage-backed securities:
Residential			25,689				25,746
Commercial			858				854
Total		$	32,014			$	31,771

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- Definition

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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=118939692&loc=d3e27232-111563

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