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BORROWINGS (Tables) | 12 Months Ended
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Sep. 30, 2022
Debt Disclosure [Abstract] |
Schedule of maturities of FHLBNY advances | Long term FHLBNY advances as of September 30, 2022 mature as follows (in thousands):
Year Ending September 30, |  |  |
2023 |  | $ | 4,741 |
2024 |  |  | 4,384 |
2025 |  |  | 3,500 |
2026 |  |  | — |
2027 |  |  | 3,000 |
Thereafter |  |  | — |
Total |  | $ | 15,625 |
Schedule of short-term arrangements with the FHLBNY | Additionally, the Company has established an Overnight Line of Credit arrangement with the FHLBNY. The total amount available under the line of credit is based on the amount of eligible collateral pledged to the FHLBNY. At September 30, 2022 and 2021, the Company had available credit from the FHLBNY totaling $83.2 million and $87.9 million, respectively. Information concerning short-term arrangement with the FHLBNY is summarized as follows:
|  | September 30, |
|  | 2022 |  | 2021 |
|  | (Dollars in thousands) |
Balance at end of year |  | $ | — |  | $ | — |
Weighted average balance during the year |  | $ | 33 |  | $ | — |
Maximum month-end balance during the year |  | $ | 2,450 |  | $ | — |
Average interest rate during the year |  |  | 2.67 | % |  | — |

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