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INVESTMENT SECURITIES (Tables)

3 Months Ended

Dec. 31, 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 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

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 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

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 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

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 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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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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