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INVESTMENT SECURITIES (Tables)

9 Months Ended

Jun. 30, 2020

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 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

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 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

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 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

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 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

Tabular disclosure of maturities of an entity's investments in available-for-sale securities.

+ References

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Tabular disclosure of maturities of the entity's investments in certain debt and equity securities for which the entity has the positive intent and ability to hold until maturity.

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Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities.

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- Definition

Tabular disclosure of information about investment in debt security measured at amortized cost (held-to-maturity).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 5B
-URI http://asc.fasb.org/extlink&oid=121645371&loc=SL120269825-111563

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 5A
-URI http://asc.fasb.org/extlink&oid=121645371&loc=SL120269820-111563

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 320
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=121645371&loc=d3e27232-111563

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