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INVESTMENT SECURITIES | 3 Months Ended
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Dec. 31, 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 December 31, 2020 and September 30, 2020:
|  | December 31, 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 |  | $ | 275 |  |  | $ | 14 |  |  | $ | — |  |  | $ | 289 |
Obligations of U.S. government-sponsored enterprises: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities-residential |  |  | 9,455 |  |  |  | 80 |  |  |  | (27 | ) |  |  | 9,508 |
Debt securities |  |  | 5,000 |  |  |  | 1 |  |  |  | — |  |  |  | 5,001 |
Total securities available for sale |  | $ | 14,730 |  |  | $ | 95 |  |  | $ | (27 | ) |  | $ | 14,798 |
|  | September 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 |  | $ | 350 |  |  | $ | 14 |  |  | $ | — |  |  | $ | 364 |
Obligations of U.S. government-sponsored enterprises: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities-residential |  |  | 9,092 |  |  |  | 108 |  |  |  | (6 | ) |  |  | 9,194 |
Debt securities |  |  | 5,000 |  |  |  | 3 |  |  |  | — |  |  |  | 5,003 |
Total securities available for sale |  | $ | 14,442 |  |  | $ | 125 |  |  | $ | (6 | ) |  | $ | 14,561 |
The maturities of the debt securities and certain information regarding the mortgage-backed securities available for sale at December 31, 2020 are summarized in the following table:
|  | December 31, 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 |  |  | 9,730 |  |  |  | 9,797 |
Commercial |  |  | — |  |  |  | — |
Total |  | $ | 14,730 |  |  | $ | 14,798 |
The following tables summarize the amortized cost and fair values of securities held to maturity at December 31, 2020 and September 30, 2020:
|  | December 31, 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 |  | $ | 1,172 |  |  | $ | 10 |  |  | $ | (30 | ) |  | $ | 1,152 |
Mortgage-backed securities - commercial |  |  | 757 |  |  |  | — |  |  |  | — |  |  |  | 757 |
Obligations of U.S. government-sponsored enterprises: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed-securities - residential |  |  | 20,809 |  |  |  | 621 |  |  |  | (3 | ) |  |  | 21,427 |
Debt securities |  |  | 6,500 |  |  |  | 1 |  |  |  | (1 | ) |  |  | 6,500 |
Private label mortgage-backed securities - residential |  |  | 255 |  |  |  | — |  |  |  | (2 | ) |  |  | 253 |
Corporate securities |  |  | 3,000 |  |  |  | — |  |  |  | (196 | ) |  |  | 2,804 |
Total securities held to maturity |  | $ | 32,493 |  |  | $ | 632 |  |  | $ | (232 | ) |  | $ | 32,893 |
|  | September 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 |  | $ | 1,453 |  |  | $ | 11 |  |  | $ | (33 | ) |  | $ | 1,431 |
Mortgage-backed securities - commercial |  |  | 775 |  |  |  | — |  |  |  | — |  |  |  | 775 |
Obligations of U.S. government-sponsored enterprises: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage backed securities - residential |  |  | 20,456 |  |  |  | 697 |  |  |  | (3 | ) |  |  | 21,150 |
Debt securities |  |  | 4,500 |  |  |  | 1 |  |  |  | (16 | ) |  |  | 4,485 |
Private label mortgage-backed securities - residential |  |  | 259 |  |  |  | — |  |  |  | (5 | ) |  |  | 254 |
Corporate securities |  |  | 3,000 |  |  |  | — |  |  |  | (196 | ) |  |  | 2,804 |
Total securities held to maturity |  | $ | 30,443 |  |  | $ | 709 |  |  | $ | (253 | ) |  | $ | 30,899 |
The maturities of the debt securities and certain information regarding the mortgage backed securities held to maturity at December 31, 2020 are summarized in the following table:
|  | December 31, 2020 |
|  | Amortized |  |  | Fair |
|  | Cost |  |  | Value |
|  | (In thousands) |
Due within 1 year |  | $ | — |  |  | $ | — |
Due after 1 but within 5 years |  |  | 6,500 |  |  |  | 6,500 |
Due after 5 but within 10 years |  |  | 3,000 |  |  |  | 2,804 |
Due after 10 years |  |  | — |  |  |  | — |
Total debt securities |  |  | 9,500 |  |  |  | 9,304 |
Mortgage-backed securities: |  |  |  |  |  |  |  |
Residential |  |  | 22,236 |  |  |  | 22,832 |
Commercial |  |  | 757 |  |  |  | 757 |
Total |  | $ | 32,493 |  |  | $ | 32,893 |

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