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

6 Months Ended

Mar. 31, 2023

Receivables [Abstract]

Schedule of loans receivable, net

		March 31,				September 30,
		2023				2022
		(In thousands)
One-to-four family residential		$	223,030			$	214,377
Commercial real estate			392,246				342,791
Construction			19,456				15,230
Home equity lines of credit			17,633				18,704
Commercial business			21,997				34,672
Other			2,568				3,130
Total loans receivable			676,930				628,904
Net deferred loan costs			(820	)			(628	)
Allowance for loan losses			(8,844	)			(8,433	)
Total loans receivable, net		$	667,266			$	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
March 31, 2023		(In thousands)
One-to-four family residential		$	—			$	—			$	1,766			$	1,766			$	1,766
Commercial real estate			—				—				1,145				1,145				1,145
Construction			—				—				2,835				2,835				2,900
Commercial business			386				386				150				536				536
Total impaired loans		$	386			$	386			$	5,896			$	6,282			$	6,347
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				Six Months
		Ended March 31, 2023				Ended March 31, 2023
		(In thousands)
One-to-four family residential		$	1,574			$	1,553
Commercial real estate			1,262				1,227
Construction			2,835				2,835
Commercial business			395				314
Average investment in impaired loans		$	6,066			$	5,929
Interest income recognized on an accrual basis on impaired loans		$	36			$	71

		Three Months				Six Months
		Ended March 31, 2022				Ended March 31, 2022
		(In thousands)
One-to-four family residential		$	1,877			$	2,155
Commercial real estate			1,690				1,883
Construction			4,580				4,580
Commercial business			1,505				1,506
Average investment in impaired loans		$	9,652			$	10,124
Interest income recognized on an accrual basis on impaired loans		$	45			$	93

Schedule of bank’s internal risk rating system

						Special
		Pass				Mention				Substandard				Doubtful				Total
		(In thousands)
March 31, 2023
One-to-four family residential		$	221,670			$	968			$	392			$	—			$	223,030
Commercial real estate			391,662				196				388				—				392,246
Construction			14,894				—				4,562				—				19,456
Home equity lines of credit			17,633				—				—				—				17,633
Commercial business			21,611				386				—				—				21,997
Other			2,568				—				—				—				2,568
Total		$	670,038			$	1,550			$	5,342			$	—			$	676,930
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)
March 31, 2023
One-to-four family residential		$	222,187			$	537			$	134			$	172			$	843			$	172			$	223,030
Commercial real estate			388,979				2,879				—				388				3,267				388				392,246
Construction			16,621				—				—				2,835				2,835				2,835				19,456
Home equity lines of credit			17,633				—				—				—				—				—				17,633
Commercial business			21,611				—				386				—				386				—				21,997
Other			2,568				—				—				—				—				—				2,568
Total		$	669,599			$	3,416			$	520			$	3,395			$	7,331			$	3,395			$	676,930
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
Charge-offs			—				—				—				—				(102	)			—				—				(102	)
Recoveries			1				—				—				—				—				—				—				1
Provision (credit)			34				280				(58	)			(10	)			62				—				(113	)			195
Balance- March 31, 2023		$	1,270			$	5,410			$	468			$	246			$	1,335			$	1			$	114			$	8,844
Balance- September 30, 2021		$	1,136			$	3,744			$	594			$	232			$	2,046			$	15			$	308			$	8,075
Charge-offs			—				—				—				—				—				—				—				—
Recoveries			—				53				—				—				—				—				—				53
Provision (credit)			(43	)			(90	)			130				—				83				(14	)			35				100
Balance- December 31, 2021		$	1,093			$	3,706			$	724			$	232			$	2,129			$	1			$	343			$	8,228
Charge-offs			—				—				—				—				—				—				—				—
Recoveries			1				—				—				—				—				—				—				1
Provision (credit)			19				376				79				(12	)			(290	)			1				(102	)			71
Balance- March 31, 2022		$	1,113			$	4,082			$	803			$	220			$	1,839			$	2			$	241			$	8,300

		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 - March 31, 2023		$	1,270			$	5,410			$	468			$	246			$	1,335			$	1			$	114			$	8,844
Individually evaluated for impairment			—				—				—				—				386				—				—				386
Collectively evaluated for impairment			1,270				5,410				468				246				949				1				114				8,458
Loans receivable:
Balance - March 31, 2023		$	223,030			$	392,246			$	19,456			$	17,633			$	21,997			$	2,568			$	—			$	676,930
Individually evaluated for impairment			1,766				1,145				2,835				—				536				—				—				6,282
Collectively evaluated for impairment			221,264				391,101				16,621				17,633				21,461				2,568				—				670,648

		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		$	1,223			$	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

		Six Months Ended March 31, 2023
		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

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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.

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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.

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