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INVESTMENT SECURITIES | 9 Months Ended
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Jun. 30, 2020
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 June 30, 2020 and September 30, 2019:
|  | June 30, 2020 |
|  |  |  |  | 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 |  | $ | 415 |  |  | $ | 17 |  |  | $ | — |  |  | $ | 432 |
Obligations of U.S. government-sponsored enterprises: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities-residential |  |  | 10,782 |  |  |  | 128 |  |  |  | (3 | ) |  |  | 10,907 |
Debt securities |  |  | 5,000 |  |  |  | 1 |  |  |  | — |  |  |  | 5,001 |
Total securities available for sale |  | $ | 16,197 |  |  | $ | 146 |  |  | $ | (3 | ) |  | $ | 16,340 |
|  | 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 June 30, 2020 are summarized in the following table:
|  | June 30, 2020 |
|  | Amortized |  |  | Fair |
|  | Cost |  |  | Value |
|  | (In thousands) |
Due within 1 year |  | $ | — |  |  | $ | — |
Due after 1 but within 5 years |  |  | 5,000 |  |  |  | 5,001 |
Due after 5 but within 10 years |  |  | — |  |  |  | — |
Due after 10 years |  |  | — |  |  |  | — |
Total debt securities |  |  | 5,000 |  |  |  | 5,001 |
Mortgage-backed securities: |  |  |  |  |  |  |  |
Residential |  |  | 11,197 |  |  |  | 11,339 |
Commercial |  |  | — |  |  |  | — |
Total |  | $ | 16,197 |  |  | $ | 16,340 |
The following tables summarize the amortized cost and fair values of securities held to maturity at June 30, 2020 and September 30, 2019:
|  | June 30, 2020 |
|  |  |  |  | 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 |  | $ | 1,822 |  |  | $ | 19 |  |  | $ | (35 | ) |  | $ | 1,806 |
Mortgage-backed securities - commercial |  |  | 793 |  |  |  | — |  |  |  | (8 | ) |  |  | 785 |
Obligations of U.S. government-sponsored enterprises: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed-securities - residential |  |  | 22,192 |  |  |  | 759 |  |  |  | — |  |  |  | 22,951 |
Private label mortgage-backed securities - residential |  |  | 263 |  |  |  | — |  |  |  | (12 | ) |  |  | 251 |
Corporate securities |  |  | 3,000 |  |  |  | — |  |  |  | (255 | ) |  |  | 2,745 |
Total securities held to maturity |  | $ | 28,070 |  |  | $ | 778 |  |  | $ | (310 | ) |  | $ | 28,538 |
|  | 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 June 30, 2020 are summarized in the following table:
|  | June 30, 2020 |
|  | Amortized |  |  | Fair |
|  | Cost |  |  | Value |
|  | (In thousands) |
Due within 1 year |  | $ | — |  |  | $ | — |
Due after 1 but within 5 years |  |  | — |  |  |  | — |
Due after 5 but within 10 years |  |  | 3,000 |  |  |  | 2,745 |
Due after 10 years |  |  | — |  |  |  | — |
Total debt securities |  |  | 3,000 |  |  |  | 2,745 |
Mortgage-backed securities: |  |  |  |  |  |  |  |
Residential |  |  | 24,277 |  |  |  | 25,008 |
Commercial |  |  | 793 |  |  |  | 785 |
Total |  | $ | 28,070 |  |  | $ | 28,538

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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 + Details
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