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v3.23.1

INVESTMENT SECURITIES | 6 Months Ended
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Mar. 31, 2023
Investments Securities [Abstract] |
INVESTMENT SECURITIES | NOTE H - INVESTMENT SECURITIES The following table summarizes the amortized cost and fair values of securities classified as available-for-sale and held-to-maturity at March 31, 2023:
|  |  |  |  | Gross |  |  | Gross |  |  |  |
|  | Amortized |  |  | Unrealized |  |  | Unrealized |  |  | Fair |
March 31, 2023 |  | Cost |  |  | Gains |  |  | Losses |  |  | Value |
|  | (In thousands) |
Securities available-for-sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Obligations of U.S. government agencies: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities - residential |  | $ | 112 |  |  | $ | — |  |  | $ | (8 | ) |  | $ | 104 |
Obligations of U.S. government-sponsored enterprises: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities - residential |  |  | 10,580 |  |  |  | 1 |  |  |  | (1,527 | ) |  |  | 9,054 |
Total securities available-for-sale |  | $ | 10,692 |  |  | $ | 1 |  |  | $ | (1,535 | ) |  | $ | 9,158 |
Securities held-to-maturity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Obligations of U.S. government agencies: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities - residential |  | $ | 5,300 |  |  | $ | — |  |  | $ | (643 | ) |  | $ | 4,657 |
Mortgage-backed securities - commercial |  |  | 599 |  |  |  | — |  |  |  | (2 | ) |  |  | 597 |
Obligations of U.S. government-sponsored enterprises: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed-securities - residential |  |  | 47,302 |  |  |  | — |  |  |  | (6,528 | ) |  |  | 40,774 |
Debt securities |  |  | 24,830 |  |  |  | — |  |  |  | (1,864 | ) |  |  | 22,966 |
Private label mortgage-backed securities - residential |  |  | 216 |  |  |  | — |  |  |  | (17 | ) |  |  | 199 |
Obligations of state and political subdivisions |  |  | 3,475 |  |  |  | 17 |  |  |  | (332 | ) |  |  | 3,160 |
Corporate securities |  |  | 8,000 |  |  |  | — |  |  |  | (396 | ) |  |  | 7,604 |
Total securities held-to-maturity |  | $ | 89,722 |  |  | $ | 17 |  |  | $ | (9,782 | ) |  | $ | 79,957 |
Total investment securities |  | $ | 100,414 |  |  | $ | 18 |  |  | $ | (11,317 | ) |  | $ | 89,115 |
The contractual maturities of the debt securities, municipal bonds and certain information regarding to the mortgage-backed securities available-for-sale at March 31, 2023 are summarized in the following table:
|  | March 31, 2023 |
|  | Amortized |  |  | Fair |
|  | Cost |  |  | Value |
|  | (In thousands) |
Due within 1 year |  | $ | — |  |  | $ | — |
Due after 1 but within 5 years |  |  | — |  |  |  | — |
Due after 5 but within 10 years |  |  | — |  |  |  | — |
Due after 10 years |  |  | — |  |  |  | — |
Total debt securities |  |  | — |  |  |  | — |
Mortgage-backed securities: |  |  |  |  |  |  |  |
Residential |  |  | 10,692 |  |  |  | 9,158 |
Commercial |  |  | — |  |  |  | — |
Total |  | $ | 10,692 |  |  | $ | 9,158 |
The contractual maturities of the debt securities, municipal bonds and certain information regarding to the mortgage-backed securities held-to-maturity at March 31, 2023 are summarized in the following table:
|  | March 31, 2023 |
|  | Amortized |  |  | Fair |
|  | Cost |  |  | Value |
|  | (In thousands) |
Due within 1 year |  | $ | 10,831 |  |  | $ | 10,623 |
Due after 1 but within 5 years |  |  | 20,527 |  |  |  | 18,833 |
Due after 5 but within 10 years |  |  | 4,435 |  |  |  | 3,846 |
Due after 10 years |  |  | 512 |  |  |  | 428 |
Total debt securities |  |  | 36,305 |  |  |  | 33,730 |
Mortgage-backed securities: |  |  |  |  |  |  |  |
Residential |  |  | 52,818 |  |  |  | 45,630 |
Commercial |  |  | 599 |  |  |  | 597 |
Total |  | $ | 89,722 |  |  | $ | 79,957 |
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 |
As of March 31, 2023 investment securities having an estimated fair value of approximately $49.5 million were pledged to secure public deposits.

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