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LOANS RECEIVABLE, NET (Tables)

12 Months Ended

Sep. 30, 2023

Loans Receivable, Net [Abstract]

Schedule of Loans Receivable

Loans receivable are comprised of the following:

		September 30,
		2023				2022
		(In thousands)
One-to four-family residential		$	237,683			$	214,377
Commercial real estate			389,134				342,791
Construction			21,853				15,230
Home equity lines of credit			16,983				18,704
Commercial business			30,194				34,672
Other			2,359				3,130
Total loans receivable			698,206				628,904
Net deferred loan costs			(806	)			(628	)
Allowance for loan losses			(8,330	)			(8,433	)
Total loans receivable, net		$	689,070			$	619,843

Schedule of Impaired Loans

The following table presents impaired loans by class, segregated by those for which a specific allowance was required and those for which a specific allowance was not necessary for the periods presented:

										Impaired Loans
		Impaired Loans with								with No Specific
		Specific Allowance								Allowance				Total Impaired Loans
																		Unpaid
At and for the year ended		Recorded				Related				Recorded				Recorded				Principal
September 30, 2023		Investment				Allowance				Investment				Investment				Balance
		(In thousands)
One-to four-family residential		$	—			$	—			$	2,031			$	2,031			$	2,031
Commercial real estate			—				—				2,969				2,969				2,969
Construction			—				—				2,474				2,474				2,539
Commercial business			—				—				147				147				147
Total impaired loans		$	—			$	—			$	7,621			$	7,621			$	7,686
At and for the year ended
September 30, 2022
One-to four-family residential		$	—			$	—			$	1,512			$	1,512			$	1,512
Commercial real estate			—				—				1,159				1,159				1,159
Construction			2,835				114				—				2,835				2,900
Commercial business			—				—				153				153				153
Total impaired loans		$	2,835			$	114			$	2,824			$	5,659			$	5,724

Schedule of Bank’s Internal Risk Rating System

The following tables present the classes of the loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the Bank’s internal risk rating system for the periods presented:

						Special
		Pass				Mention				Substandard				Doubtful				Total
		(In thousands)
September 30, 2023
One-to four-family residential		$	236,876			$	—			$	807			$	—			$	237,683
Commercial real estate			386,794				116				2,224				—				389,134
Construction			19,379				—				2,474				—				21,853
Home equity lines of credit			16,983				—				—				—				16,983
Commercial business			30,194				—				—				—				30,194
Other			2,359				—				—				—				2,359
Total		$	692,585			$	116			$	5,505			$	—			$	698,206
September 30, 2022
One-to four-family residential		$	213,173			$	980			$	224			$	—			$	214,377
Commercial real estate			342,593				198				—				—				342,791
Construction			10,652				—				4,578				—				15,230
Home equity lines of credit			18,704				—				—				—				18,704
Commercial business			34,672				—				—				—				34,672
Other			3,130				—				—				—				3,130
Total		$	622,924			$	1,178			$	4,802			$	—			$	628,904

Schedule of the Loan Portfolio by Analyzing the Age

The following tables present the classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans for the periods presented:

						30-59				60-89
						Days				Days				90 Days +				Total				Non-				Total
		Current				Past Due				Past Due				Past Due				Past Due				Accrual				Loans
		(In  thousands)
September 30, 2023
One-to four-family residential		$	236,729			$	—			$	568			$	386			$	954			$	386			$	237,683
Commercial real estate			386,794				—				116				2,224				2,340				2,224				389,134
Construction			19,379				—				—				2,474				2,474				2,474				21,853
Home equity lines of credit			16,983				—				—				—				—				—				16,983
Commercial business			30,047				147				—				—				147				—				30,194
Other			2,359				—				—				—				—				—				2,359
Total		$	692,291			$	147			$	684			$	5,084			$	5,915			$	5,084			$	698,206

						30-59				60-89
						Days				Days				90 Days +				Total				Non-				Total
		Current				Past Due				Past Due				Past Due				Past Due				Accrual				Loans
		(In  thousands)
September 30, 2022
One-to four-family residential		$	213,903			$	300			$	174			$	—			$	474			$	—			$	214,377
Commercial real estate			342,404				—				387				—				387				—				342,791
Construction			12,395				—				—				2,835				2,835				2,835				15,230
Home equity lines of credit			18,704				—				—				—				—				—				18,704
Commercial business			34,672				—				—				—				—				—				34,672
Other			3,130				—				—				—				—				—				3,130
Total		$	625,208			$	300			$	561			$	2,835			$	3,696			$	2,835			$	628,904

Schedule of Allowance for Loan Losses by Loan Category

The following tables summarize the activity in the allowance for loan losses by loan category for the years ended September 30, 2023 and 2022:

		One-to Four-												Home Equity
		Family				Commercial								Lines of				Commercial
		Residential				Real Estate				Construction				Credit				Business				Other				Unallocated				Total
		(In  thousands)
Balance-September 30, 2022		$	1,223			$	4,612			$	461			$	263			$	1,484			$	1			$	389			$	8,433
Charge-offs			—				—				—				—				(488	)			—				—				(488	)
Recoveries			4				—				—				—				—				—				—				4
Provision (credit)			32				665				11				(56	)			(57	)			1				(215	)			381
Balance-September 30, 2023		$	1,259			$	5,277			$	472			$	207			$	939			$	2			$	174			$	8,330

		One-to Four-												Home Equity
		Family				Commercial								Lines of				Commercial
		Residential				Real Estate				Construction				Credit				Business				Other				Unallocated				Total
		(In  thousands)
Balance-September 30, 2021		$	1,136			$	3,744			$	594			$	232			$	2,046			$	15			$	308			$	8,075
Charge-offs			—				—				—				—				—				—				—				—
Recoveries			1				53				—				—				—				—				—				54
Provision (credit)			86				815				(133	)			31				(562	)			(14	)			81				304
Balance-September 30, 2022		$	1,223			$	4,612			$	461			$	263			$	1,484			$	1			$	389			$	8,433

		One-to-Four												Home Equity
		Family				Commercial								Lines of				Commercial
		Residential				Real Estate				Construction				Credit				Business				Other				Unallocated				Total
		(In  thousands)
Balance - September 30, 2023		$	1,259			$	5,277			$	472			$	207			$	939			$	2			$	174			$	8,330
Individually evaluated
for impairment			—				—				—				—				—				—				—				—
Collectively evaluated
for impairment			1,259				5,277				472				207				939				2				174				8,330
Loans receivable:
Balance - September 30, 2023		$	237,683			$	389,134			$	21,853			$	16,983			$	30,194			$	2,359			$	—			$	698,206
Individually evaluated
for impairment			2,031				2,969				2,474				—				147				—				—				7,621
Collectively evaluated
for impairment			235,652				386,165				19,379				16,983				30,047				2,359				—				690,585

		One-to- Four												Home Equity
		Family				Commercial								Lines of				Commercial
		Residential				Real Estate				Construction				Credit				Business				Other				Unallocated				Total
		(In  thousands)
Balance - September 30, 2022		$	1,223			$	4,612			$	461			$	263			$	1,484			$	1			$	389			$	8,433
Individually evaluated
for impairment			—				—				114				—				—				—				—				114
Collectively evaluated
for impairment			1,223				4,612				347				263				1,484				1				389				8,319
Loans receivable:
Balance - September 30, 2022		$	214,377			$	342,791			$	15,230			$	18,704			$	34,672			$	3,130			$	—			$	628,904
Individually evaluated
for impairment			1,512				1,159				2,835				—				153				—				—				5,659
Collectively evaluated
for impairment			212,865				341,632				12,395				18,704				34,519				3,130				—				623,245

Schedule of Troubled Debt Restructuring

The following tables summarizes the TDRs during the years ended September 30, 2023 and 2022:

		Number of				Investment Before				Investment After
		Loans				TDR Modification				TDR Modification
		(Dollars in thousands)
September 30, 2023
One-to four-family residential			1			$	97			$	106
Total			1			$	97			$	106
September 30, 2022
Total			—			$	—			$	—

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