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LOANS RECEIVABLE, NET (Tables)

12 Months Ended

Sep. 30, 2020

Receivables [Abstract]

Schedule of net Loans

Loans receivable are comprised of the following:

		September 30,
		2020				2019
		(In thousands)
One-to four-family residential		$	210,360			$	190,415
Commercial real estate			248,134				232,544
Construction			28,242				28,451
Home equity lines of credit			19,373				17,832
Commercial business			100,993				48,769
Other			4,157				4,990
Total loans receivable			611,259				523,001
Net deferred loan costs			(1,749	)			104
Allowance for loan losses			(6,400	)			(4,888	)
Total loans receivable, net		$	603,110			$	518,217

Schedule of impaired loans

The following tables present impaired loans by class, segregated by those for which a specific allowance was required and those for which a specific allowance was not necessary for the periods presented:

										Impaired Loans
		Impaired Loans with								with No Specific
		Specific Allowance								Allowance				Total Impaired Loans
																		Unpaid
At and for the year ended		Recorded				Related				Recorded				Recorded				Principal
September 30, 2020		Investment				Allowance				Investment				Investment				Balance
		(In thousands)
One-to four-family residential		$	—			$	—			$	2,601			$	2,601			$	2,601
Commercial real estate			599				46				3,806				4,405				4,405
Construction			2,306				175				2,835				5,141				5,206
Commercial business			—				—				2,014				2,014				2,218
Total impaired loans		$	2,905			$	221			$	11,256			$	14,161			$	14,430

										Impaired Loans
		Impaired Loans with								with No Specific
		Specific Allowance								Allowance				Total Impaired Loans
																		Unpaid
At and for the year ended		Recorded				Related				Recorded				Recorded				Principal
September 30, 2019		Investment				Allowance				Investment				Investment				Balance
		(In thousands)
One-to four-family residential		$	—			$	—			$	1,405			$	1,405			$	1,405
Commercial real estate			—				—				4,593				4,593				4,593
Construction			—				—				2,900				2,900				2,900
Commercial business			—				—				1,456				1,456				1,456
Total impaired loans		$	—			$	—			$	10,354			$	10,354			$	10,354

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 for the periods presented:

						Special
		Pass				Mention				Substandard				Doubtful				Total
		(In  thousands)
September 30, 2020
One-to four-family residential		$	208,658			$	—			$	1,702			$	—			$	210,360
Commercial real estate			242,003				2,623				3,508				—				248,134
Construction			23,101				—				5,141				—				28,242
Home equity lines of credit			19,373				—				—				—				19,373
Commercial business			98,967				178				1,848				—				100,993
Other			4,157				—				—				—				4,157
Total		$	596,259			$	2,801			$	12,199			$	—			$	611,259

						Special
		Pass				Mention				Substandard				Doubtful				Total
		(In  thousands)
September 30, 2019
One-to four-family residential		$	189,938			$	—			$	477			$	—			$	190,415
Commercial real estate			228,156				1,409				2,979				—				232,544
Construction			25,551				—				2,900				—				28,451
Home equity lines of credit			17,832				—				—				—				17,832
Commercial business			47,541				—				1,228				—				48,769
Other			4,990				—				—				—				4,990
Total		$	514,008			$	1,409			$	7,584			$	—			$	523,001

Schedule of aging analysis of past due loans, segregated by class of loans

Management further monitors the performance and credit quality of the loan portfolio by analyzing the age of the portfolio as determined by the length of time a recorded payment is past due. The following tables present the classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans for the periods 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)
September 30, 2020
One-to four-family residential		$	209,455			$	—			$	—			$	905			$	905			$	905			$	210,360
Commercial real estate			245,029				—				886				2,219				3,105				2,219				248,134
Construction			23,101				—				—				5,141				5,141				5,141				28,242
Home equity lines of credit			19,373				—				—				—				—				—				19,373
Commercial business			99,397				—				129				1,467				1,596				1,467				100,993
Other			4,157				—				—				—				—				—				4,157
Total		$	600,512			$	—			$	1,015			$	9,732			$	10,747			$	9,732			$	611,259

						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, 2019
One-to four-family residential		$	190,301			$	—			$	—			$	114			$	114			$	114			$	190,415
Commercial real estate			229,331				503				58				2,652				3,213				2,652				232,544
Construction			25,551				—				—				2,900				2,900				2,900				28,451
Home equity lines of credit			17,832				—				—				—				—				—				17,832
Commercial business			47,541				—				—				1,228				1,228				1,228				48,769
Other			4,990				—				—				—				—				—				4,990
Total		$	515,546			$	503			$	58			$	6,894			$	7,455			$	6,894			$	523,001

Schedule of activity in the allowance for loan losses by portfolio segment

The following tables summarize the activity in the allowance for loan losses by loan category for the years ended September 30, 2020 and 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, 2019		$	731			$	2,066			$	511			$	138			$	1,184			$	8			$	250			$	4,888
Charge-offs			—				—				(65	)			—				(204	)			—				—				(269	)
Recoveries			11				5				—				—				99				—				—				115
Provision (credit)			293				1,161				226				41				(45	)			(7	)			(3	)			1,666
Balance-September 30, 2020		$	1,035			$	3,232			$	672			$	179			$	1,034			$	1			$	247			$	6,400

		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			—				(1	)			—				—				(100	)			—				—				(101	)
Recoveries			120				—				—				1				—				—				—				121
Provision (credit)			(76	)			527				18				28				133				(17	)			55				668
Balance-September 30, 2019		$	731			$	2,066			$	511			$	138			$	1,184			$	8			$	250			$	4,888

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 September 30, 2020 and September 30, 2019:

		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, 2020		$	1,035			$	3,232			$	672			$	179			$	1,034			$	1			$	247			$	6,400
Individually evaluated
for impairment			—				46				175				—				—				—				—				221
Collectively evaluated
for impairment			1,035				3,186				497				179				1,034				1				247				6,179
Loans receivable:
Balance - September 30, 2020		$	210,360			$	248,134			$	28,242			$	19,373			$	100,993			$	4,157			$	—			$	611,259
Individually evaluated
for impairment			2,601				4,405				5,141				—				2,014				—				—				14,161
Collectively evaluated
for impairment			207,759				243,729				23,101				19,373				98,979				4,157				—				597,098

		One-to- Four												Home Equity
		Family				Commercial								Lines of				Commercial
		Residential				Real Estate				Construction				Credit				Business				Other				Unallocated				Total
		(Dollars in  thousands)
Allowance for Loan Losses:
Balance - September 30, 2019		$	731			$	2,066			$	511			$	138			$	1,184			$	8			$	250			$	4,888
Individually evaluated
for impairment			—				—				—				—				—				—				—				—
Collectively evaluated
for impairment			731				2,066				511				138				1,184				8				250				4,888
Loans receivable:
Balance - September 30, 2019		$	190,415			$	232,544			$	28,451			$	17,832			$	48,769			$	4,990			$	—			$	523,001
Individually evaluated
for impairment			1,405				4,593				2,900				—				1,456				—				—				10,354
Collectively evaluated
for impairment			189,010				227,951				25,551				17,832				47,313				4,990				—				512,647

Schedule of troubled debt restructurings

The following tables summarize the TDRs during the years ended September 30, 2020 and 2019:

		Year Ended September 30, 2020
		Number of				Investment Before				Investment After
		Loans				TDR Modification				TDR Modification
		(Dollars in thousands)
Commercial business			1			$	252			$	220
Total			1			$	252			$	220

		Year Ended September 30, 2019
		Number of				Investment Before				Investment After
		Loans				TDR Modification				TDR Modification
		(Dollars in thousands)
One-to four-family residential			1			$	260			$	363
Total			1			$	260			$	363

Schedule of actaul loan modifications

Details with respect to actual loan modifications are as follows:

Type of Loan September 30, 2020		Number of Loans				Balance
						(In  thousands)
One- to four-family residential real estate (1)			94			$	24,573
Commercial real estate			145				115,358
Construction			4				2,630
Home equity lines of credit			8				1,238
Commercial business			32				6,892
Total			283			$	150,691
(1) Includes home equity loans.

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Tabular disclosure of allowance for credit loss on financing receivable.

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Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics.

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