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INVESTMENT SECURITIES (Tables)

6 Months Ended

Mar. 31, 2021

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 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

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 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

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 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

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 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

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

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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=123581744&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=123581744&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=123581744&loc=d3e27232-111563

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