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INVESTMENT SECURITIES (Tables) | 12 Months Ended
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Sep. 30, 2023
Investment Securities [Abstract] |
Schedule of Amortized Cost and Fair Values of Securities Held to Maturity | The following table summarizes the amortized cost and fair values of securities classified as available-for-sale and held-to-maturity at September 30, 2023:
|  | September 30, 2023
|  |  |  | Gross |  | Gross |  |
|  | Amortized |  | Unrealized |  | Unrealized |  | Fair
|  | Cost |  | Gains |  | Losses |  | Value
|  | (In thousands)
Securities available-for-sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Obligations of U.S. government agencies: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage backed securities - residential |  | $ | 106 |  |  | $ | — |  |  | $ | (14 | ) |  | $ | 92 |
Obligations of U.S. government-sponsored enterprises: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities-residential |  |  | 11,984 |  |  |  | — |  |  |  | (1,951 | ) |  |  | 10,033 |
Total securities available-for-sale |  | $ | 12,090 |  |  | $ | — |  |  | $ | (1,965 | ) |  | $ | 10,125 |
Securities held-to-maturity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Obligations of U.S. government agencies: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities - residential |  | $ | 5,070 |  |  | $ | — |  |  | $ | (850 | ) |  | $ | 4,220 |
Mortgage-backed securities - commercial |  |  | 2,509 |  |  |  | — |  |  |  | (16 | ) |  |  | 2,493 |
Obligations of U.S. government-sponsored enterprises: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage backed securities - residential |  |  | 48,086 |  |  |  | — |  |  |  | (8,480 | ) |  |  | 39,606 |
Debt securities |  |  | 23,497 |  |  |  | — |  |  |  | (1,947 | ) |  |  | 21,550 |
Private label mortgage-backed securities - residential |  |  | 207 |  |  |  | — |  |  |  | (12 | ) |  |  | 195 |
Obligations of state and political subdivisions |  |  | 3,466 |  |  |  | — |  |  |  | (605 | ) |  |  | 2,861 |
Corporate securities |  |  | 3,000 |  |  |  | — |  |  |  | (197 | ) |  |  | 2,803 |
Total securities held-to-maturity |  | $ | 85,835 |  |  | $ | — |  |  | $ | (12,107 | ) |  | $ | 73,728 |
Total investment securities |  | $ | 97,925 |  |  | $ | — |  |  | $ | (14,072 | ) |  | $ | 83,853 |
The following table summarizes the amortized cost and fair values of securities classified as available-for-sale and held-to-maturity at September 30, 2022:
|  | September 30, 2022
|  |  |  | Gross |  | Gross |  |
|  | Amortized |  | Unrealized |  | Unrealized |  | Fair
|  | Cost |  | Gains |  | Losses |  | Value
|  | (In thousands)
Securities available-for-sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Obligations of U.S. government agencies: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage backed securities - residential |  | $ | 118 |  |  | $ | — |  |  | $ | (11 | ) |  | $ | 107 |
Obligations of U.S. government-sponsored enterprises: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities-residential |  |  | 11,029 |  |  |  | — |  |  |  | (1,907 | ) |  |  | 9,122 |
Total securities available-for-sale |  | $ | 11,147 |  |  | $ | — |  |  | $ | (1,918 | ) |  | $ | 9,229 |
Securities held-to-maturity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Obligations of U.S. government agencies: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities - residential |  | $ | 5,525 |  |  | $ | — |  |  | $ | (717 | ) |  | $ | 4,808 |
Mortgage-backed securities - commercial |  |  | 631 |  |  |  | — |  |  |  | — |  |  |  | 631 |
Obligations of U.S. government-sponsored enterprises: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage backed securities - residential |  |  | 48,961 |  |  |  | 12 |  |  |  | (7,548 | ) |  |  | 41,425 |
Debt securities |  |  | 24,821 |  |  |  | — |  |  |  | (2,395 | ) |  |  | 22,426 |
Private label mortgage-backed securities - residential |  |  | 224 |  |  |  | — |  |  |  | (10 | ) |  |  | 214 |
Obligations of state and political subdivisions |  |  | 3,484 |  |  |  | — |  |  |  | (638 | ) |  |  | 2,846 |
Corporate securities |  |  | 8,000 |  |  |  | — |  |  |  | (436 | ) |  |  | 7,564 |
Total securities held-to-maturity |  | $ | 91,646 |  |  | $ | 12 |  |  | $ | (11,744 | ) |  | $ | 79,914 |
Total investment securities |  | $ | 102,793 |  |  | $ | 12 |  |  | $ | (13,662 | ) |  | $ | 89,143 |
Schedule of Maturities Debt Securities and Mortgage Backed Securities Held to Maturity | The maturities of debt securities, municipal bonds and certain information regarding mortgage-backed securities held-to-maturity at September 30, 2023 are summarized in the following table:
|  | September 30, 2023
|  | Amortized |  | Fair
|  | Cost |  | Value
|  | (In thousands)
Due within 1 year |  | $ | 6,498 |  |  | $ | 6,393 |
Due after 1 but within 5 years |  |  | 18,526 |  |  |  | 16,900 |
Due after 5 but within 10 years |  |  | 4,939 |  |  |  | 3,921 |
Due after 10 years |  |  | — |  |  |  | — |
Total debt securities |  |  | 29,963 |  |  |  | 27,214 |
Mortgage backed securities: |  |  |  |  |  |  |  |
Residential |  |  | 53,363 |  |  |  | 44,021 |
Commercial |  |  | 2,509 |  |  |  | 2,493 |
Total |  | $ | 85,835 |  |  | $ | 73,728 |
Schedule of Securities with Unrealized Losses | Details of securities with unrealized losses at September 30, 2023 and 2022 are as follows:
|  |  |  |  | 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) |
September 30, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Obligations of U.S. government agencies: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities - residential |  |  | 6 |  |  | $ | — |  |  | $ | — |  |  | $ | 4,312 |  |  | $ | (864 | ) |  | $ | 4,312 |  |  | $ | (864 | )
Mortgage-backed securities - commercial |  |  | 2 |  |  |  | 1,926 |  |  |  | (14 | ) |  |  | 567 |  |  |  | (2 | ) |  |  | 2,493 |  |  |  | (16 | )
Obligations of U.S. government-sponsored enterprises |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities - residential |  |  | 50 |  |  |  | 4,938 |  |  |  | (49 | ) |  |  | 44,485 |  |  |  | (10,382 | ) |  |  | 49,423 |  |  |  | (10,431 | )
Debt securities |  |  | 12 |  |  |  | — |  |  |  | — |  |  |  | 21,550 |  |  |  | (1,947 | ) |  |  | 21,550 |  |  |  | (1,947 | )
Private label mortgage-backed securities residential |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | 195 |  |  |  | (12 | ) |  |  | 195 |  |  |  | (12 | )
Obligations of state and political subdivisions |  |  | 7 |  |  |  | 789 |  |  |  | (43 | ) |  |  | 2,072 |  |  |  | (562 | ) |  |  | 2,861 |  |  |  | (605 | )
Corporate securities |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | 2,803 |  |  |  | (197 | ) |  |  | 2,803 |  |  |  | (197 | )
Total |  |  | 79 |  |  | $ | 7,653 |  |  | $ | (106 | ) |  | $ | 75,984 |  |  | $ | (13,966 | ) |  | $ | 83,637 |  |  | $ | (14,072 | )
September 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Obligations of U.S. government agencies: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities- residential |  |  | 6 |  |  | $ | 2,364 |  |  | $ | (140 | ) |  | $ | 2,551 |  |  | $ | (588 | ) |  | $ | 4,915 |  |  | $ | (728 | )
Mortgage-backed securities - commercial |  |  | 1 |  |  |  | 631 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 631 |  |  |  | — |
Obligations of U.S. government-sponsored enterprises |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage backed securities- residential |  |  | 49 |  |  |  | 21,180 |  |  |  | (2,795 | ) |  |  | 29,088 |  |  |  | (6,660 | ) |  |  | 50,268 |  |  |  | (9,455 | )
Debt securities |  |  | 14 |  |  |  | 11,664 |  |  |  | (660 | ) |  |  | 10,763 |  |  |  | (1,735 | ) |  |  | 22,427 |  |  |  | (2,395 | )
Private label mortgage-backed securities- residential |  |  | 1 |  |  |  | 215 |  |  |  | (10 | ) |  |  | — |  |  |  | — |  |  |  | 215 |  |  |  | (10 | )
Obligations of state and political subdivisions |  |  | 7 |  |  |  | 1,268 |  |  |  | (181 | ) |  |  | 1,577 |  |  |  | (457 | ) |  |  | 2,845 |  |  |  | (638 | )
Corporate securities |  |  | 2 |  |  |  | 2,646 |  |  |  | (353 | ) |  |  | 4,917 |  |  |  | (83 | ) |  |  | 7,563 |  |  |  | (436 | )
Total |  |  | 80 |  |  | $ | 39,968 |  |  | $ | (4,139 | ) |  | $ | 48,896 |  |  | $ | (9,523 | ) |  | $ | 88,864 |  |  | $ | (13,662 | )

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