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

3 Months Ended

Dec. 31, 2019

Receivables [Abstract]

Schedule of loans receivable, net

Loans receivable, net were comprised of the following:

		December 31,				September 30,
		2019				2019
		(In thousands)
One-to-four family residential		$	195,290			$	190,415
Commercial real estate			230,964				232,544
Construction			29,777				28,451
Home equity lines of credit			19,876				17,832
Commercial business			49,729				48,769
Other			4,812				4,990
Total loans receivable			530,448				523,001
Net deferred loan costs			83				104
Allowance for loan losses			(5,100	)			(4,888	)
Total loans receivable, net		$	525,431			$	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 charged-off and those for which a specific allowance was not necessary at the dates presented:

										Impaired
										Loans with
		Impaired Loans with								No Specific
		Specific Allowance								Allowance				Total Impaired Loans
																		Unpaid
		Recorded				Related				Recorded				Recorded				Principal
December 31, 2019		Investment				Allowance				Investment				Investment				Balance
		(In thousands)
One-to-four family residential		$	—			$	—			$	1,396			$	1,396			$	1,396
Commercial real estate			—				—				2,623				2,623				2,623
Construction			—				—				2,900				2,900				2,900
Commercial business			1,003				320				474				1,477				1,477
Total impaired loans		$	1,003			$	320			$	7,393			$	8,396			$	8,396

										Impaired
										Loans with
		Impaired Loans with								No Specific
		Specific Allowance								Allowance				Total Impaired Loans
																		Unpaid
		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 average recorded investment in impaired loans

The following tables present the average recorded investment in impaired loans for the periods indicated. There was no interest income recognized on impaired loans during the periods presented.

		Three Months
		Ended December 31, 2019
			(In thousands)
One-to-four family residential		$	1,401
Commercial real estate			3,608
Construction			2,900
Home equity lines of credit			—
Commercial business			1,467
Other			—
Average investment in impaired loans		$	9,376

		Three Months
		Ended December 31, 2018
		(In thousands)
One-to-four family residential		$	1,131
Commercial real estate			3,948
Construction			1,450
Home equity lines of credit			58
Commercial business			709
Average investment in impaired loans		$	7,296

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)
December 31, 2019
One-to-four family residential		$	194,814			$	—			$	476			$	—			$	195,290
Commercial real estate			228,702				544				1,718				—				230,964
Construction			24,555				—				5,222				—				29,777
Home equity lines of credit			19,876				—				—				—				19,876
Commercial business			48,478				—				1,251				—				49,729
Other			4,812				—				—				—				4,812
Total		$	521,237			$	544			$	8,667			$	—			$	530,448

						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

The following tables present 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)
December 31, 2019
One-to-four family residential		$	193,707			$	1,021			$	234			$	328			$	1,583			$	328			$	195,290
Commercial real estate			226,887				2,085				974				1,018				4,077				1,018				230,964
Construction			24,555				—				2,322				2,900				5,222				2,900				29,777
Home equity lines of credit			19,783				93				—				—				93				—				19,876
Commercial business			48,382				96				48				1,203				1,347				1,203				49,729
Other			4,812				—				—				—				—				—				4,812
Total		$	518,126			$	3,295			$	3,578			$	5,449			$	12,322			$	5,449			$	530,448

						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 table summarizes the ALL by loan category and the related activity for the three months ended December 31, 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			—				—				—				—				—				—				—				—
Recoveries			2				—				—				—				—				—				—				2
Provision (credit)			(26	)			(147	)			63				2				311				(6	)			13				210
Balance- December 31, 2019		$	707			$	1,919			$	574			$	140			$	1,495			$	2			$	263			$	5,100

The following table summarizes the ALL by loan category and the related activity for the three months ended December 31, 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, 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

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 December 31, 2019 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 - December 31, 2019		$	707			$	1,919			$	574			$	140			$	1,495			$	2			$	263			$	5,100
Individually evaluated
for impairment			—				—				—				—				320				—				—				320
Collectively evaluated
for impairment			707				1,919				574				140				1,175				2				263				4,780
Loans receivable:
Balance - December 31, 2019		$	195,290			$	230,964			$	29,777			$	19,876			$	49,729			$	4,812			$	—			$	530,448
Individually evaluated
for impairment			1,396				2,623				2,900				—				1,477				—				—				8,396
Collectively evaluated
for impairment			193,894				228,341				26,877				19,876				48,252				4,812				—				522,052

		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, 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

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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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