XML 27 R16.htm IDEA: XBRL DOCUMENT
v3.21.1

INVESTMENT SECURITIES | 6 Months Ended
--- | ---
Mar. 31, 2021
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 March 31, 2021 and September 30, 2020:
|  | March 31, 2021 |
|  |  |  |  | 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 |  | $ | 242 |  |  | $ | 11 |  |  | $ | — |  |  | $ | 253 |
Obligations of U.S. government-sponsored enterprises: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities - residential |  |  | 14,267 |  |  |  | 21 |  |  |  | (282 | ) |  |  | 14,006 |
Total securities available for sale |  | $ | 14,509 |  |  | $ | 32 |  |  | $ | (282 | ) |  | $ | 14,259 |
|  | 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 March 31, 2021 are summarized in the following table:
|  | March 31, 2021 |
|  | Amortized |  |  | Fair |
|  | Cost |  |  | Value |
|  | (In thousands) |
Due within 1 year |  | $ | — |  |  | $ | — |
Due after 1 but within 5 years |  |  | — |  |  |  | — |
Due after 5 but within 10 years |  |  | — |  |  |  | — |
Due after 10 years |  |  | — |  |  |  | — |
Total debt securities |  |  | — |  |  |  | — |
Mortgage-backed securities: |  |  |  |  |  |  |  |
Residential |  |  | 14,509 |  |  |  | 14,259 |
Commercial |  |  | — |  |  |  | — |
Total |  | $ | 14,509 |  |  | $ | 14,259 |
The following tables summarize the amortized cost and fair values of securities held to maturity at March 31, 2021 and September 30, 2020:
|  | March 31, 2021 |
|  |  |  |  | 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 |  | $ | 939 |  |  | $ | — |  |  | $ | (33 | ) |  | $ | 906 |
Mortgage-backed securities - commercial |  |  | 738 |  |  |  | — |  |  |  | — |  |  |  | 738 |
Obligations of U.S. government-sponsored enterprises: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed-securities - residential |  |  | 23,371 |  |  |  | 455 |  |  |  | (277 | ) |  |  | 23,549 |
Debt securities |  |  | 12,498 |  |  |  | — |  |  |  | (266 | ) |  |  | 12,232 |
Private label mortgage-backed securities - residential |  |  | 251 |  |  |  | 4 |  |  |  | — |  |  |  | 255 |
Corporate securities |  |  | 3,000 |  |  |  | — |  |  |  | (196 | ) |  |  | 2,804 |
Total securities held to maturity |  | $ | 40,797 |  |  | $ | 459 |  |  | $ | (772 | ) |  | $ | 40,484 |
|  | 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 March 31, 2021 are summarized in the following table:
|  | March 31, 2021 |
|  | Amortized |  |  | Fair |
|  | Cost |  |  | Value |
|  | (In thousands) |
Due within 1 year |  | $ | — |  |  | $ | — |
Due after 1 but within 5 years |  |  | 6,498 |  |  |  | 6,384 |
Due after 5 but within 10 years |  |  | 9,000 |  |  |  | 8,652 |
Due after 10 years |  |  | — |  |  |  | — |
Total debt securities |  |  | 15,498 |  |  |  | 15,036 |
Mortgage-backed securities: |  |  |  |  |  |  |  |
Residential |  |  | 24,561 |  |  |  | 24,710 |
Commercial |  |  | 738 |  |  |  | 738 |
Total |  | $ | 40,797 |  |  | $ | 40,484 |

X
- References No definition available. + Details
Name: | us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 1403 -Paragraph (b) + Details
Name: | us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration