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FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK (Tables)

6 Months Ended

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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Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

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Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined) which are not recognized in the financial statements (off-balance sheet) because they fail to meet some other criterion for recognition.

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