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FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK (Tables)

9 Months Ended

Jun. 30, 2021

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK [Abstract]

Schedule of Information Regarding Derivatives

The following table presents summary information regarding these derivatives for June 30, 2021. There were no derivatives as of September 30, 2020.

	Notional Amount		Average Maturity (Years)		Weighted Average Fixed Rate		Weighted Average Variable Rate		Fair Value
	(Dollars in thousands)
June 30, 2021
Classified in Other Assets:
Customer interest rate swaps	$ 15,208		5.6		3.50%		1 Mo. LIBOR + 2.50		$ 146
Classified in Other Liabilities:
3rd Party interest rate swaps	$ 15,208		5.6		3.50%		1 Mo. LIBOR + 2.50		$ 146

Schedule of fair value, off-balance sheet financial instruments

		June 30,				September 30,
		2021				2020
		(In thousands)
Financial instruments whose contract amounts represent credit risk
Letters of credit		$	2,902			$	1,041
Unused lines of credit			64,102				78,632
Fixed rate loan commitments			2,783				5,240
Variable rate loan commitments			9,906				15,864
Total		$	79,693			$	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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