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FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK (Tables)

3 Months Ended

Dec. 31, 2021

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK [Abstract]

Schedule of Information Regarding Derivatives

The following table presents summary information regarding these derivatives as of December 31, 2021 and September 30, 2021.

	Notional Amount		Average Maturity (Years)		Weighted Average Fixed Rate		Weighted Average Variable Rate		Fair Value
	(Dollars in thousands)
December 31, 2021
Classified in Other Assets:
Customer interest rate swaps	$ 19,971		6.6		3.61%		1 Mo. LIBOR + 2.50		$ 164
Classified in Other Liabilities:
3rd Party interest rate swaps	$ 19,971		6.6		3.61%		1 Mo. LIBOR + 2.50		$ 164
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

		December 31,				September 30,
		2021				2021
		(In thousands)
Financial instruments whose contract amounts represent credit risk
Letters of credit		$	2,808			$	2,901
Unused lines of credit			61,901				63,798
Fixed rate loan commitments			10,039				9,156
Variable rate loan commitments			18,502				14,558
Total		$	93,250			$	90,413

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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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