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FINANCIAL INSTRUMENTS WITH OFF-BALANCE-SHEET RISK (Tables) | 12 Months Ended
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Sep. 30, 2022
FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK [Abstract] |
Schedule of Information Regarding Derivatives | The following table presents summary information regarding these derivatives for September 30, 2022 and 2021.
|  | Notional Amount |  | Average Maturity (Years) |  | Weighted Average Fixed Rate |  | Weighted Average Variable Rate |  | Fair Value
|  | (Dollars in thousands)
September 30, 2022 |  |  |  |  |  |  |  |  |  |  |
Classified in Other Assets: |  |  |  |  |  |  |  |  |  |  |
Customer interest rate swaps |  | $ | 19,512 |  | 5.9 |  | 3.63% |  | 1 Mo. LIBOR + 2.50 | $ | (2,275)
|  | $ | 6,940 |  | 4.6 |  | 6.13% |  | 1 Mo. BSBY + 3.00 | $ | (212)
Total |  | $ | 26,452 |  | 5.2 |  | 4.88% |  |  | $ | (2,487)
Classified in Other Liabilities: |  |  |  |  |  |  |  |  |  |  |
3rd Party interest rate swaps |  | $ | 19,512 |  | 5.9 |  | 3.63% |  | 1 Mo. LIBOR + 2.50 | $ | 2,275
|  | $ | 6,940 |  | 4.6 |  | 6.13% |  | 1 Mo. BSBY + 3.00 | $ | 212
Total |  | $ | 26,452 |  | 5.2 |  | 4.88% |  |  | $ | 2,487
September 30, 2021 |  |  |  |  |  |  |  |  |  |  |
Classified in Other Assets: |  |  |  |  |  |  |  |  |  |  |
Customer interest rate swaps |  | $ | 20,111 |  | 6.9 |  | 3.61% |  | 1 Mo. LIBOR + 2.50 | $ | 183
Classified in Other Liabilities: |  |  |  |  |  |  |  |  |  |  |
3rd Party interest rate swaps |  | $ | 20,111 |  | 6.9 |  | 3.61% |  | 1 Mo. LIBOR + 2.50 | $ | (183)
Schedule of fair value, off-balance-sheet financial instruments | At September 30, 2022 and 2021, the Company had outstanding commitments (substantially all of which expire within one year) to originate one-to four-family residential loans, construction loans, commercial real estate loans, commercial business loans and consumer loans. These commitments were comprised of fixed and variable rate loans.
|  | September 30, |
|  | 2022 |  |  | 2021 |
|  |  | (In thousands) |
Financial instruments whose contract amounts represent credit risk |  |  |  |  |  |  |  |
Letters of credit |  | $ | 740 |  |  | $ | 2,901 |
Unused lines of credit |  |  | 73,825 |  |  |  | 63,798 |
Fixed rate loan commitments |  |  | 2,550 |  |  |  | 9,156 |
Variable rate loan commitments |  |  | 49,913 |  |  |  | 14,558 |
Total |  | $ | 127,028 |  |  | $ | 90,413 |

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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5580258-113959 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41620-113959 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5579245-113959 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41638-113959 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41678-113959 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -URI https://asc.fasb.org/extlink&oid=125515794&loc=d3e41641-113959 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624171-113959 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5579240-113959 + Details
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