XML 50 R39.htm IDEA: XBRL DOCUMENT
v3.23.3

FINANCIAL INSTRUMENTS WITH OFF-BALANCE-SHEET RISK (Tables) | 12 Months Ended
--- | ---
Sep. 30, 2023
Financial Instruments with Off-Balance-Sheet Risk [Abstract] |
Schedule of Table Presents Summary Information Regarding these Derivatives | The following table presents summary information regarding these derivatives for September 30, 2023 and 2022.
|  | Notional Amount |  |  | Average Maturiy (Years) |  |  | Weighted Average Fixed Rate |  |  | Weighted Average Variable Rate |  | Fair Value |
|  | (Dollars in thousands) |
September 30, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Classified in Other Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer interest rate swaps |  | $ | 36,020 |  |  |  | 4.2 |  |  |  | 4.96% |  |  | 1 Mo. BSBY + 2.44 |  | $ | 2,579 |
Total |  | $ | 36,020 |  |  |  | 4.2 |  |  |  | 4.96% |  |  |  |  | $ | 2,579 |
Classified in Other Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
3rd Party interest rate swaps |  | $ | 36,020 |  |  |  | 4.2 |  |  |  | 4.96% |  |  | 1 Mo. BSBY + 2.44 |  | $ | 2,579 |
Total |  | $ | 36,020 |  |  |  | 4.2 |  |  |  | 4.96% |  |  |  |  | $ | 2,579 |
September 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Classified in Other Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer interest rate swaps (1) |  | $ | 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 |
(1) Derivative assets were incorrectly shown as a negative balance within the Company's Annual Report on Form 10-K for the year-ended September 30, 2022. The derivative asset balances have been corrected within the table above. The correction did not have an impact on the Company's consolidated balance sheet.
Schedule of Commitments were Comprised of Fixed and Variable Rate Loans | At September 30, 2023 and 2022, 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, |
|  | 2023 |  |  | 2022 |
|  | (In thousands) |
Financial instruments whose contract amounts represent credit risk |  |  |  |  |  |  |  |
Letters of credit |  | $ | 1,073 |  |  | $ | 740 |
Unused lines of credit |  |  | 89,933 |  |  |  | 73,825 |
Fixed rate loan commitments |  |  | 3,578 |  |  |  | 2,550 |
Variable rate loan commitments |  |  | 26,472 |  |  |  | 49,913 |
Total |  | $ | 121,056 |  |  | $ | 127,028 |

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockSupplementAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 815 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-1A Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-1B Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-8 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4B Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-1 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-5 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4C + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482907/825-10-50-10 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482907/825-10-50-11 + Details
Name: | us-gaap_ScheduleOfFairValueOffBalanceSheetRisksTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration