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INVESTMENT SECURITIES (Tables)

3 Months Ended

Dec. 31, 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 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

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, 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

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, 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

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, 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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- 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 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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