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

9 Months Ended

Jun. 30, 2019

Receivables [Abstract]

Schedule of loans receivable, net

Loans receivable, net were comprised of the following:

		June 30,				September 30,
		2019				2018
		(In thousands)
One-to four-family residential		$	191,248			$	185,287
Commercial real estate			234,437				219,347
Construction			30,536				30,412
Home equity lines of credit			18,346				17,982
Commercial business			51,628				53,320
Other			4,629				6,150
Total loans receivable			530,824				512,498
Net deferred loan costs			148				132
Allowance for loan losses			(4,693	)			(4,200	)
Total loans receivable, net		$	526,279			$	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 nine months ended June 30, 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
June 30, 2019		Investment				Allowance				Investment				Investment				Balance
		(In thousands)
One-to four-family residential		$	—			$	—			$	1,339			$	1,339			$	1,339
Commercial real estate			—				—				4,355				4,355				4,355
Construction			—				—				2,900				2,900				2,900
Commercial business			—				—				482				482				482
Total impaired loans		$	—			$	—			$	9,076			$	9,076			$	9,076

										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 nine months ended June 30, 2019 and 2018.

		Three Months				Nine Months
		June 30, 2019				June 30, 2019
		(In thousands)
One-to four-family residential		$	1,344			$	1,273
Commercial real estate			4,133				4,067
Construction			2,900				2,900
Home equity lines of credit			20				32
Commercial business			533				591
Average investment in impaired loans		$	8,930			$	8,863

		Three Months				Nine Months
		June 30, 2018				June 30, 2018
		(In thousands)
One-to four-family residential		$	1,878			$	2,360
Commercial real estate			3,661				3,771
Home equity lines of credit			29				15
Commercial business			361				332
Average investment in impaired loans		$	5,929			$	6,478

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)
June 30, 2019
One-to four-family residential		$	190,846			$	—			$	402			$	—			$	191,248
Commercial real estate			232,493				835				1,109				—				234,437
Construction			27,636				—				2,900				—				30,536
Home equity lines of credit			18,346				—				—				—				18,346
Commercial business			51,376				—				252				—				51,628
Other			4,629				—				—				—				4,629
Total		$	525,326			$	835			$	4,663			$	—			$	530,824

						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)
June 30, 2019
One-to four-family residential		$	191,210			$	—			$	—			$	38			$	38			$	38			$	191,248
Commercial real estate			231,116				1,682				719				920				3,321				920				234,437
Construction			27,636				—				—				2,900				2,900				2,900				30,536
Home equity lines of credit			18,317				—				29				—				29				—				18,346
Commercial business			51,079				297				—				252				549				252				51,628
Other			4,629				—				—				—				—				—				4,629
Total		$	523,987			$	1,979			$	748			$	4,110			$	6,837			$	4,110			$	530,824

						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 nine months ended June 30, 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 (credit)			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 (credit)			(80	)			95				142				17				(78	)			(1	)			11				106
Balance- March 31, 2019		$	710			$	1,685			$	816			$	138			$	1,104			$	3			$	144			$	4,600
Charge-offs			—				(1	)			—				—				(100	)			—				—				(101	)
Recoveries			—				—				—				—				—				—				—				—
Provision (credit)			3				219				(52	)			1				26				1				(4	)			194
Balance- June 30, 2019		$	713			$	1,903			$	764			$	139			$	1,030			$	4			$	140			$	4,693

The following table summarizes the ALL by loan category and the related activity for the nine months ended June 30, 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
Charge-offs			(61	)			—				—				—				—				(3	)			—				(64	)
Recoveries			4				—				—				—				—				—				—				4
Provision			58				70				70				4				19				3				52				276
Balance- June 30, 2018		$	534			$	1,488			$	512			$	116			$	1,177			$	4			$	154			$	3,985

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 June 30, 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 - June 30, 2019		$	713			$	1,903			$	764			$	139			$	1,030			$	4			$	140			$	4,693
Individually evaluated
for impairment			—				—				—				—				—				—				—				—
Collectively evaluated
for impairment			713				1,903				764				139				1,030				4				140				4,693
Loans receivable:
Balance - June 30, 2019		$	191,248			$	234,437			$	30,536			$	18,346			$	51,628			$	4,629			$	—			$	530,824
Individually evaluated
for impairment			1,339				4,355				2,900				—				482				—				—				9,076
Collectively evaluated
for impairment			189,909				230,082				27,636				18,346				51,146				4,629				—				521,748

		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 table summarizes the TDRs for the nine months ended June 30, 2019:

		Nine Months Ended June 30, 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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