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INVESTMENT SECURITIES (Tables)
12 Months Ended
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)