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FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK (Tables) | 9 Months Ended
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Jun. 30, 2023
Financial Instruments With Off-Balance Sheet Risk [Abstract] |
Schedule of Information Regarding Derivatives | The following table presents summary information regarding these derivatives
|  | Notional Amount |  |  | Average Maturiy (Years) |  |  | Weighted Average Fixed Rate |  |  | Weighted Average Variable Rate |  | Fair Value |
|  | (Dollars in thousands) |
June 30, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Classified in Other Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer interest rate swaps |  | $ | 36,294 |  |  |  | 4.4 |  |  |  | 4.95 | % |  | 1 Mo. BSBY + 2.44 |  | $ | 2,383 |
Total |  | $ | 36,294 |  |  |  | 4.4 |  |  |  | 4.95 | % |  |  |  | $ | 2,383 |
Classified in Other Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
3rd Party interest rate swaps |  | $ | 36,294 |  |  |  | 4.4 |  |  |  | 4.95 | % |  | 1 Mo. BSBY + 2.44 |  | $ | 2,383 |
Total |  | $ | 36,294 |  |  |  | 4.4 |  |  |  | 4.95 | % |  |  |  | $ | 2,383 |
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 | Those instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amounts recognized in the consolidated balance sheets.
|  | June 30, |  |  | September 30, |
|  | 2023 |  |  | 2022 |
|  | (In thousands) |
Financial instruments whose contract amounts represent credit risk (in thousands) |  |  |  |  |  |  |  |
Letters of credit |  | $ | 663 |  |  | $ | 740 |
Unused lines of credit |  |  | 89,182 |  |  |  | 73,825 |
Fixed rate loan commitments |  |  | 13,235 |  |  |  | 2,550 |
Variable rate loan commitments |  |  | 300 |  |  |  | 49,913 |
Totals |  | $ | 103,380 |  |  | $ | 127,028 |

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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 815 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-1A Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-1B Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-8 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4B Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-1 Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-5 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org//1943274/2147480434/815-10-50-4C + Details
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