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v3.22.4

INVESTMENT SECURITIES | 3 Months Ended
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Dec. 31, 2022
Investments, Debt and Equity Securities [Abstract] |
INVESTMENT SECURITIES | NOTE I - INVESTMENT SECURITIES The following table summarizes the amortized cost and fair values of securities classified as available-for-sale and held-to-maturity at December 31, 2022:
|  |  |  |  | Gross |  |  | Gross |  |  |  |
|  | Amortized |  |  | Unrealized |  |  | Unrealized |  |  | Fair |
December 31, 2022 |  | Cost |  |  | Gains |  |  | Losses |  |  | Value |
|  | (In thousands) |
Securities available-for-sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Obligations of U.S. government agencies: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities - residential |  | $ | 114 |  |  | $ | — |  |  | $ | (10 | ) |  | $ | 104 |
Obligations of U.S. government-sponsored enterprises: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities-residential |  |  | 10,805 |  |  |  | — |  |  |  | (1,702 | ) |  |  | 9,103 |
Total securities available-for-sale |  | $ | 10,919 |  |  | $ | — |  |  | $ | (1,712 | ) |  | $ | 9,207 |
Securities held-to-maturity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Obligations of U.S. government agencies: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities - residential |  | $ | 5,413 |  |  | $ | — |  |  | $ | (717 | ) |  | $ | 4,696 |
Mortgage-backed securities - commercial |  |  | 615 |  |  |  | — |  |  |  | (1 | ) |  |  | 614 |
Obligations of U.S. government-sponsored enterprises: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed-securities - residential |  |  | 48,077 |  |  |  | — |  |  |  | (7,203 | ) |  |  | 40,874 |
Debt securities |  |  | 24,826 |  |  |  | — |  |  |  | (2,234 | ) |  |  | 22,592 |
Private label mortgage-backed securities - residential |  |  | 220 |  |  |  | — |  |  |  | (14 | ) |  |  | 206 |
Obligations of state and political subdivisions |  |  | 3,479 |  |  |  | 2 |  |  |  | (435 | ) |  |  | 3,046 |
Corporate securities |  |  | 8,000 |  |  |  | — |  |  |  | (396 | ) |  |  | 7,604 |
Total securities held-to-maturity |  | $ | 90,630 |  |  | $ | 2 |  |  | $ | (11,000 | ) |  | $ | 79,632 |
Total investment securities |  | $ | 101,549 |  |  | $ | 2 |  |  | $ | (12,712 | ) |  | $ | 88,839 |
The contractual maturities of the debt securities, municipal bonds and certain information regarding to the mortgage-backed securities held-to-maturity at December 31, 2022 are summarized in the following table:
|  | December 31, 2022 |
|  | Amortized |  |  | Fair |
|  | Cost |  |  | Value |
|  | (In thousands) |
Due within 1 year |  | $ | 8,829 |  |  | $ | 8,643 |
Due after 1 but within 5 years |  |  | 22,525 |  |  |  | 20,460 |
Due after 5 but within 10 years |  |  | 4,438 |  |  |  | 3,734 |
Due after 10 years |  |  | 513 |  |  |  | 405 |
Total debt securities |  |  | 36,305 |  |  |  | 33,242 |
Mortgage-backed securities: |  |  |  |  |  |  |  |
Residential |  |  | 53,710 |  |  |  | 45,776 |
Commercial |  |  | 615 |  |  |  | 614 |
Total |  | $ | 90,630 |  |  | $ | 79,632 |
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:
|  |  |  |  | Gross |  |  | Gross |  |  |  |
|  | Amortized |  |  | Unrealized |  |  | Unrealized |  |  | Fair |
September 30, 2022 |  | 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 |

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- Definition The entire disclosure for investments in certain debt and equity securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -URI https://asc.fasb.org/subtopic&trid=2209399 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 320 -URI https://asc.fasb.org/subtopic&trid=2324412 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -URI https://asc.fasb.org/topic&trid=2196928 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 940 -SubTopic 320 -URI https://asc.fasb.org/subtopic&trid=2176304 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 1403 -Paragraph (b) + Details
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