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INVESTMENT SECURITIES

3 Months Ended

Dec. 31, 2019

Investments, Debt and Equity Securities [Abstract]

INVESTMENT SECURITIES

NOTE I - INVESTMENT SECURITIES

The following tables summarize the amortized cost and fair values of securities available for sale at December 31, 2019 and September 30, 2019:

		December 31, 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		$	457			$	12			$	—			$	469
Obligations of U.S. government-sponsored enterprises:
Mortgage-backed securities-residential			15,491				78				(44	)			15,525
Debt securities			1,500				—				—				1,500
Total securities available for sale		$	17,448			$	90			$	(44	)		$	17,494

		September 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		$	480			$	15			$	—			$	495
Obligations of U.S. government-sponsored enterprises:
Mortgage-backed securities-residential			14,663				80				(35	)			14,708
Debt securities			1,500				—				—				1,500
Total securities available for sale		$	16,643			$	95			$	(35	)		$	16,703

The maturities of the debt securities and certain information regarding the mortgage-backed securities available for sale at December 31, 2019 are summarized in the following table:

		December 31, 2019
		Amortized				Fair
		Cost				Value
		(In thousands)
Due within 1 year		$	—			$	—
Due after 1 but within 5 years			1,500				1,500
Due after 5 but within 10 years			—				—
Due after 10 years			—				—
Total debt securities			1,500				1,500
Mortgage-backed securities:
Residential			15,948				15,994
Commercial			—				—
Total		$	17,448			$	17,494

The following tables summarize the amortized cost and fair values of securities held to maturity at December 31, 2019 and September 30, 2019:

		December 31, 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		$	1,960			$	—			$	(63	)		$	1,897
Mortgage-backed securities - commercial			826				—				(7	)			819
Obligations of U.S. government-sponsored enterprises:
Mortgage-backed-securities - residential			23,890				224				(67	)			24,047
Debt securities			970				4				—				974
Private label mortgage-backed securities - residential			271				5				—				276
Corporate securities			3,000				—				(251	)			2,749
Total securities held to maturity		$	30,917			$	233			$	(388	)		$	30,762

		September 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		$	445			$	—			$	(54	)		$	391
Mortgage-backed securities - commercial			842				—				(6	)			836
Obligations of U.S. government-sponsored enterprises:
Mortgage backed securities - residential			22,363				276				(47	)			22,592
Debt securities			2,468				10				—				2,478
Private label mortgage-backed securities - residential			363				7				—				370
Corporate securities			3,000				—				(323	)			2,677
Total securities held to maturity		$	29,481			$	293			$	(430	)		$	29,344

The maturities of the debt securities and certain information regarding the mortgage backed securities held to maturity at December 31, 2019 are summarized in the following table:

		December 31, 2019
		Amortized				Fair
		Cost				Value
		(In  thousands)
Due within 1 year		$	—			$	—
Due after 1 but within 5 years			—				—
Due after 5 but within 10 years			3,970				3,723
Due after 10 years			—				—
Total debt securities			3,970				3,723
Mortgage-backed securities:
Residential			26,121				26,220
Commercial			826				819
Total		$	30,917			$	30,762

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- References

No definition available.

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- Definition

The entire disclosure for investments in certain debt and equity securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 320
-URI http://asc.fasb.org/subtopic&trid=2209399

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 946
-SubTopic 320
-URI http://asc.fasb.org/subtopic&trid=2324412

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-URI http://asc.fasb.org/topic&trid=2196928

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 940
-SubTopic 320
-URI http://asc.fasb.org/subtopic&trid=2176304

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