XML 40 R30.htm IDEA: XBRL DOCUMENT v3.22.4

LOANS RECEIVABLE, NET AND RELATED ALLOWANCE FOR LOAN LOSSES (Tables)

3 Months Ended

Dec. 31, 2022

Receivables [Abstract]

Schedule of loans receivable, net

		December 31,				September 30,
		2022				2022
		(In thousands)
One-to-four family residential		$	215,263			$	214,377
Commercial real estate			389,247				342,791
Construction			17,880				15,230
Home equity lines of credit			18,471				18,704
Commercial business			31,616				34,672
Other			3,260				3,130
Total loans receivable			675,737				628,904
Net deferred loan costs			(907	)			(628	)
Allowance for loan losses			(8,750	)			(8,433	)
Total loans receivable, net		$	666,080			$	619,843

Schedule of average recorded investment in impaired loans

										Impaired
										Loans with
		Impaired Loans with								No Specific
		Specific Allowance								Allowance				Total Impaired Loans
																		Unpaid
		Recorded				Related				Recorded				Recorded				Principal
		Investment				Allowance				Investment				Investment				Balance
December 31, 2022		(In thousands)
One-to-four family residential		$	—			$	—			$	1,381			$	1,381			$	1,381
Commercial real estate			—				—				1,378				1,378				1,378
Construction			2,835				114				—				2,835				2,900
Commercial business			102				102				151				253				253
Total impaired loans		$	2,937			$	216			$	2,910			$	5,847			$	5,912
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 average recorded investment in impaired loans

		Three Months
		Ended December 31, 2022
		(In thousands)
One-to-four family residential		$	1,447
Commercial real estate			1,269
Construction			2,835
Commercial business			203
Average investment in impaired loans		$	5,754
Interest income recognized on
an accrual basis on impaired loans		$	36
Interest income recognized on
a cash basis on impaired loans		$	—

		Three Months
		Ended December 31, 2021
		(In thousands)
One-to-four family residential		$	2,464
Commercial real estate			2,236
Construction			4,580
Commercial business			1,507
Average investment in impaired loans		$	10,787
Interest income recognized on
an accrual basis on impaired loans		$	48
Interest income recognized on
a cash basis on impaired loans		$	—

Schedule of bank’s internal risk rating system

						Special
		Pass				Mention				Substandard				Doubtful				Total
		(In thousands)
December 31, 2022
One-to-four family residential		$	214,067			$	974			$	222			$	—			$	215,263
Commercial real estate			388,662				197				388				—				389,247
Construction			13,310				—				4,570				—				17,880
Home equity lines of credit			18,471				—				—				—				18,471
Commercial business			31,514				102				—				—				31,616
Other			3,260				—				—				—				3,260
Total		$	669,284			$	1,273			$	5,180			$	—			$	675,737
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 of the loan portfolio by analyzing the age

						30-59				60-89
						Days				Days				90 Days +				Total				Non-				Total
		Current				Past Due				Past Due				Past Due				Past Due				Accrual				Loans
		(In  thousands)
December 31, 2022
One-to-four family residential		$	214,955			$	—			$	308			$	—			$	308			$	—			$	215,263
Commercial real estate			388,676				67				116				388				571				388				389,247
Construction			15,045				—				—				2,835				2,835				2,835				17,880
Home equity lines of credit			18,471				—				—				—				—				—				18,471
Commercial business			31,514				102				—				—				102				—				31,616
Other			2,584				—				—				676				676				676				3,260
Total		$	671,245			$	169			$	424			$	3,899			$	4,492			$	3,899			$	675,737
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

		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			—				—				—				—				—				—				—				—
Recoveries			—				—				—				—				—				—				—				—
Provision (credit)			12				518				65				(7	)			(109	)			—				(162	)			317
Balance- December 31, 2022		$	1,235			$	5,130			$	526			$	256			$	1,375			$	1			$	227			$	8,750
Balance- September 30, 2021		$	1,136			$	3,744			$	594			$	232			$	2,046			$	15			$	308			$	8,075
Charge-offs			—				—				—				—				—				—				—				—
Recoveries			—				52				—				—				—				—				—				52
Provision (credit)			(43	)			(90	)			130				—				83				(14	)			35				101
Balance- December 31, 2021		$	1,093			$	3,706			$	724			$	232			$	2,129			$	1			$	343			$	8,228

		One-to-Four												Home Equity
		Family				Commercial								Lines of				Commercial
		Residential				Real Estate				Construction				Credit				Business				Other				Unallocated				Total
		(In  thousands)
Allowance for Loan Losses:
Balance - December 31, 2022		$	1,235			$	5,130			$	526			$	256			$	1,375			$	1			$	227			$	8,750
Individually evaluated for impairment			—				—				114				—				102				—				—				216
Collectively evaluated for impairment			1,235				5,130				412				256				1,273				1				227				8,534
Loans receivable:
Balance - December 31, 2022		$	215,263			$	389,247			$	17,880			$	18,471			$	31,616			$	3,260			$	—			$	675,737
Individually evaluated for impairment			1,381				1,378				2,835				—				253				—				—				5,847
Collectively evaluated for impairment			213,882				387,869				15,045				18,471				31,363				3,260				—				669,890

		One-to-Four												Home Equity
		Family				Commercial								Lines of				Commercial
		Residential				Real Estate				Construction				Credit				Business				Other				Unallocated				Total
		(In  thousands)
Allowance for Loan Losses:
Balance - September 30, 2022		$	1,093			$	3,706			$	724			$	263			$	2,129			$	1			$	343			$	8,259
Individually evaluated for impairment			—				—				114				—				—				—				—				114
Collectively evaluated for impairment			1,093				3,706				610				263				2,129				1				343				8,145
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

		Three Months Ended December 31, 2022
		Number of				Investment Before				Investment After
		Loans				TDR Modification				TDR Modification
		(Dollars in thousands)
One-to four-family residential			1			$	97			$	107
Total			1			$	97			$	107

X

- Definition

Tabular disclosure of allowance for credit loss on financing receivable.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 11B
-URI https://asc.fasb.org/extlink&oid=123577603&loc=SL6953423-111524

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 13
-URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919249-210447

+ Details

Name:	us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 5
-URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919230-210447

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 29
-URI https://asc.fasb.org/extlink&oid=123577603&loc=SL6953659-111524

+ Details

Name:	us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure for impaired assets to be disposed of by a method other than sale. Includes disclosure of the carrying value of the asset, the facts and circumstances leading to impairment, the amount of impairment loss, the income statement classification, the method for determining fair value and the segment in which the impaired long-lived assets being disposed of by a method other than sale is reported.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 2
-URI https://asc.fasb.org/extlink&oid=109226691&loc=d3e2921-110230

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 45
-Paragraph 15
-URI https://asc.fasb.org/extlink&oid=126905981&loc=d3e2611-110228

+ Details

Name:	us-gaap_ImpairedAssetsToBeDisposedOfByMethodOtherThanSaleTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of impaired financing receivables.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 15
-URI https://asc.fasb.org/extlink&oid=123577603&loc=d3e5212-111524

+ Details

Name:	us-gaap_ImpairedFinancingReceivablesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of aging analysis for financing receivable.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 14
-URI https://asc.fasb.org/extlink&oid=124255953&loc=SL82919253-210447

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 7A
-URI https://asc.fasb.org/extlink&oid=123577603&loc=SL6953401-111524

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 55
-Paragraph 80
-URI https://asc.fasb.org/extlink&oid=124267575&loc=SL82922355-210448

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 7
-URI https://asc.fasb.org/extlink&oid=123577603&loc=d3e5111-111524

+ Details

Name:	us-gaap_PastDueFinancingReceivablesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_ReceivablesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.3,4)
-URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

+ Details

Name:	us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of financing receivable modified as troubled debt restructuring.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 33
-URI https://asc.fasb.org/extlink&oid=123577603&loc=SL6953676-111524

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 34
-URI https://asc.fasb.org/extlink&oid=123577603&loc=SL6953682-111524

+ Details

Name:	us-gaap_TroubledDebtRestructuringsOnFinancingReceivablesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration