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FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK (Tables)

6 Months Ended

Mar. 31, 2022

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK [Abstract]

Schedule of Information Regarding Derivatives

	Notional Amount		Average Maturiy (Years)		Weighted Average Fixed Rate		Weighted Average Variable Rate		Fair Value
	(Dollars in thousands)
March 31, 2022
Classified in Other Assets:
Customer interest rate swaps	$ 19,819		6.4		3.61%		1 Mo. LIBOR + 2.50		$ 1,101
Classified in Other Liabilities:
3rd Party interest rate swaps	$ 19,819		6.4		3.61%		1 Mo. LIBOR + 2.50		$ 1,101
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

		March 31,				September 30,
		2022				2021
		(In thousands)
Financial instruments whose contract amounts represent credit risk
Letters of credit		$	788			$	2,901
Unused lines of credit			67,345				63,798
Fixed rate loan commitments			2,999				9,156
Variable rate loan commitments			30,031				14,558
Total		$	101,163			$	90,413

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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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