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FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK (Tables)

6 Months Ended

Mar. 31, 2023

Financial Instruments With Off-Balance Sheet Risk [Abstract]

Schedule of information regarding derivatives

		Notional Amount				Average Maturity (Years)				Weighted Average Fixed Rate				Weighted Average Variable Rate		Fair Value
		(Dollars in thousands)
March 31, 2023
Classified in Other Assets:
Customer interest rate swaps		$	36,565				4.7				4.95%			1 Mo. BSBY + 2.44		$	2,206
Total		$	36,565				4.7				4.95%					$	2,206
Classified in Other Liabilities:
3rd Party interest rate swaps		$	36,565				4.7				4.95%			1 Mo. BSBY + 2.44		$	2,206
Total		$	36,565				4.7				4.95%					$	2,206
September 30, 2022
Classified in Other Assets:
Customer interest rate swaps		$	19,512				5.9				3.63%			1 Mo. LIBOR + 2.50		$	2,275
		$	6,940				4.6				6.13%			1 Mo. BSBY + 3.00		$	212
Total		$	26,452				5.2				4.88%					$	2,487
Classified in Other Liabilities:
3rd Party interest rate swaps		$	19,512				5.9				3.63%			1 Mo. LIBOR + 2.50		$	2,275
		$	6,940				4.6				6.13%			1 Mo. BSBY + 3.00		$	212
Total		$	26,452				5.2				4.88%					$	2,487

Schedule of financial instruments with off-balance-sheet risk

		March 31,				September 30,
		2023				2022
		(In thousands)
Financial instruments whose contract amounts represent credit risk (in thousands)
Letters of credit		$	939			$	740
Unused lines of credit			94,762				73,825
Fixed rate loan commitments			670				2,550
Variable rate loan commitments			23,876				49,913
Totals		$	120,247			$	127,028

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Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

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Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined) which are not recognized in the financial statements (off-balance sheet) because they fail to meet some other criterion for recognition.

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