IMPAIRMENT OF INVESTMENT SECURITIES (Tables)

6 Months Ended

Mar. 31, 2022

Schedule of gross unrealized losses and fair value for both available for sale and held to maturity securities by investment category and time frame for which the loss has been outstanding

Investment securities with fair values greater than their amortized cost contain unrealized gains. Investment securities with fair values less than their amortized cost contain unrealized losses. The following tables present the gross unrealized losses and fair value at March 31, 2022 and September 30, 2021 for both available for sale and held to maturity securities by investment category and time frame for which the loss has been outstanding:

			Less Than 12 Months					12 Months Or Greater					Total
	Number of		Fair		Unrealized			Fair		Unrealized			Fair		Unrealized
	Securities		Value		Losses			Value		Losses			Value		Losses
			(Dollars in thousands)
March 31, 2022
Obligations of U.S. government agencies:
Mortgage-backed securities - residential		3	$	2,716	$	(198	)	$	330	$	(28	)	$	3,046	$	(226	)
Mortgage-backed securities - commercial		1		—		—			672		—			672		—
Obligations of U.S. government-sponsored enterprises
Mortgage-backed securities - residential		38		38,206		(2,581	)		13,349		(1,448	)		51,555		(4,029	)
Debt securities		14		12,004		(311	)		11,591		(907	)		23,595		(1,218	)
Obligations of state and political subdivisions		5		2,330		(327	)		—		—			2,330		(327	)
Corporate securities		1		—		—			2,804		(197	)		2,804		(197	)
Total		62	$	55,256	$	(3,417	)	$	28,746	$	(2,580	)	$	84,002	$	(5,997	)

September 30, 2021
Obligations of U.S. government agencies:
Mortgage-backed securities - residential		3	$	318	$	(12	)	$	232	$	(13	)	$	550	$	(25	)
Mortgage-backed securities - commercial		1		—		—			703		—			703		—
Obligations of U.S. government-sponsored enterprises
Mortgage-backed securities - residential		20		33,690		(539	)		1,610		(58	)		35,300		(597	)
Debt securities		7		10,859		(139	)		1,483		(17	)		12,342		(156	)
Obligations of state and political subdivisions		4		2,013		(34	)		—		—			2,013		(34	)
Corporate securities		1		—		—			2,804		(196	)		2,804		(196	)
Total		36	$	46,880	$	(724	)	$	6,832	$	(284	)	$	53,712	$	(1,008	)