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FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK (Tables) | 6 Months Ended
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Mar. 31, 2021
FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK [Abstract] |
Schedule of Information Regarding Derivatives | The following table presents summary information regarding these derivatives for March 31, 2021. There were no derivatives as of September 30, 2020.
| Notional Amount |  | Average Maturiy (Years) |  | Weighted Average Fixed Rate |  | Weighted Average Variable Rate |  | Fair Value
| (Dollars in thousands)
March 31, 2021 |  |  |  |  |  |  |  |  |
Classified in Other Assets: |  |  |  |  |  |  |  |  |
Customer interest rate swaps | $ 15,300 |  | 5.8 |  | 3.50% |  | 1 Mo. LIBOR + 2.50 |  | $ 186
Classified in Other Liabilities: |  |  |  |  |  |  |  |  |
3rd Party interest rate swaps | $ 15,300 |  | 5.8 |  | 3.50% |  | 1 Mo. LIBOR + 2.50 |  | $ 186
Schedule of fair value, off-balance sheet financial instruments |
|  | March 31, |  |  | September 30, |
|  | 2021 |  |  | 2020 |
|  | (In thousands) |
Financial instruments whose contract amounts |  |  |  |  |  |  |  |
represent credit risk |  |  |  |  |  |  |  |
Letters of credit |  | $ | 1,042 |  |  | $ | 1,041 |
Unused lines of credit |  |  | 76,087 |  |  |  | 78,632 |
Fixed rate loan commitments |  |  | 2,638 |  |  |  | 5,240 |
Variable rate loan commitments |  |  | 9,460 |  |  |  | 15,864 |
Total |  | $ | 89,227 |  |  | $ | 100,777 |

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