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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
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Sep. 30, 2023
Summary of Significant Accounting Policies [Abstract] |
Schedule of Earnings Per Share | The following tables illustrate the reconciliation of the numerators and denominators of the basic and diluted earnings per share (“EPS”) calculations.
|  | Years Ended |
|  | September 30, |
|  | 2023 |  |  | 2022 |
|  | (Dollars in thousands, except share and per share data) |
Income applicable to common shares |  | $ | 7,709 |  |  | $ | 7,919 |
Weighted average shares outstanding - basic |  |  | 6,424,796 |  |  |  | 6,781,659 |
Potential diliutive common stock equivalents |  |  | — |  |  |  | — |
Weighted average shares outstanding - diluted |  |  | 6,424,796 |  |  |  | 6,781,659 |
Earnings per share - basic |  | $ | 1.20 |  |  | $ | 1.17 |
Earnings per share - diluted |  | $ | 1.20 |  |  | $ | 1.17 |
Schedule of Comprehensive Income (Loss) | Comprehensive income (loss) includes net income as well as certain other items which result in a change to equity during the period. The other items allocated to comprehensive income (loss), as well as the related income tax effects, for the years ended September 30, 2023 and 2022 were as follows:
|  | September 30, |
|  | 2023 |  |  | 2022 |
|  |  |  |  | Tax |  |  | Net of |  |  |  |  |  | Tax |  |  | Net of |
|  | Before Tax |  |  | (Benefit) |  |  | Tax |  |  | Before Tax |  |  | (Benefit) |  |  | Tax |
|  | Amount |  |  | Expense |  |  | Amount |  |  | Amount |  |  | Expense |  |  | Amount |
|  | (In thousands) |
Unrealized holding gain (loss) arising during period on: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Available-for-sale investments |  | $ | (47 | ) |  | $ | 12 |  |  | $ | (35 | ) |  | $ | (1,744 | ) |  | $ | 429 |  |  | $ | (1,315 | )
Defined benefit pension plan |  |  | 394 |  |  |  | (122 | ) |  |  | 272 |  |  |  | 65 |  |  |  | (22 | ) |  |  | 43 |
Total unrealized holding gain (loss) arising during period |  |  | 347 |  |  |  | (110 | ) |  |  | 237 |  |  |  | (1,679 | ) |  |  | 407 |  |  |  | (1,272 | )
Reclassification of pension costs |  |  | 122 |  |  |  | (34 | ) |  |  | 88 |  |  |  | 146 |  |  |  | (41 | ) |  |  | 105 |
Other comprehensive income (loss), net |  | $ | 469 |  |  | $ | (144 | ) |  | $ | 325 |  |  | $ | (1,533 | ) |  | $ | 366 |  |  | $ | (1,167 | )
Schedule of Accumulated Other Comprehensive Income (Loss) | Details about the reclassification of accumulated other comprehensive income (loss) components and the affected line item in the Consolidated Statement of Income for the years ended September 30, 2023 and 2022 were as follows:
|  | Amount Reclassified From Accumulated Other Comprehensive Loss For the Year Ended September 30, |  |  | Affected Line Item in the Consolidated Statement of Income
|  | 2023 |  |  | 2022 |  |  |
|  | (In thousands) |  |  |
Defined benefit pension plan (1) |  |  |  |  |  |  |  |  |  |
Amortization of net gain (loss) and prior service costs |  | $ | 122 |  |  | $ | 146 |  |  | Compensation and employee benefits
Related income tax expense |  |  | (34 | ) |  |  | (41 | ) |  | Income taxes
Net effect on accumulated other comprehensive loss |  |  | 88 |  |  |  | 105 |  |  |
Total reclassification |  | $ | 88 |  |  | $ | 105 |  |  |
(1) For additional details related to the defined benefit pension plan see Note L - Pension Plan
Schedule of Components of Accumulated Other Comprehensive Loss | The components of accumulated other comprehensive loss at September 30, 2023 and 2022 were as follows:
|  | September 30, |
|  | 2023 |  |  | 2022 |
|  | (In thousands) |
Available-for-sale investments, net of tax |  | $ | (1,481 | ) |  | $ | (1,446 | )
Defined benefit pension plan, net of tax |  |  | (308 | ) |  |  | (668 | )
Total accumulated other comprehensive loss |  | $ | (1,789 | ) |  | $ | (2,114 | )
(a) Related income tax benefit calculated using an income tax rate approximating 25% for available-for-sale investments and 28% for pension plan.

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