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DEPOSITS | 9 Months Ended
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Jun. 30, 2023
Deposits [Abstract] |
DEPOSITS | NOTE K - DEPOSITS A summary of deposits by type of account are summarized as follows:
|  | June 30, |  |  | September 30, |
|  | 2023 |  |  | 2022 |
|  | (In thousands) |
Demand accounts |  | $ | 182,924 |  |  | $ | 182,417 |
Savings accounts |  |  | 65,470 |  |  |  | 81,850 |
NOW accounts |  |  | 93,833 |  |  |  | 98,643 |
Money market accounts |  |  | 247,870 |  |  |  | 222,214 |
Certificates of deposit |  |  | 91,528 |  |  |  | 69,929 |
Retirement certificates |  |  | 11,847 |  |  |  | 12,680 |
Total deposits |  | $ | 693,472 |  |  | $ | 667,733 |
Included in Company’s deposits at June 30, 2023 were $18.8 million in brokered certificates of deposits and $15.5 million in certificate of deposits through a national deposit listing service. At September 30, 2022 the Company had $6.0 million in brokered certificates of deposits and $14.6 million in certificate of deposits obtained from a national deposit listing service. The current FDIC insurance limit on bank deposit accounts is $250,000 per separately insured deposit account. The aggregate amount of deposit accounts with a denomination of $250,000 or more was approximately $388.5 million at June 30, 2023 compared with $399.9 million at September 30, 2022. The portion of these accounts included in the Company’s total deposits was an estimated $95.4 million that exceeded the Federal Deposit Insurance Corporation’s insurance coverage limit of $250,000 at June 30, 2023 compared to $129.4 million at September 30, 2022. The aggregate amount of deposit accounts of State and local municipalities was $200.9 million at June 30, 2023 compared with $140.6 million at September 30, 2022. There were $194.4 million and $139.3 million State and local municipality deposits in excess of $250,000 at June 30, 2023 and September 30, 2022, which are collateralized by investment securities and municipal letters of credit with the Federal Home Loan Bank of New York (FHLBNY”).

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- Definition The entire disclosure for deposit liabilities including data and tables. It may include a description of the entity's deposit liabilities, the aggregate amount of time deposits (including certificates of deposit) in denominations of $100,000 or more at the balance sheet date; the aggregate amount of any demand deposits that have been reclassified as loan balances, such as overdrafts, at the balance sheet date; deposits that are received on terms other than those in the normal course of business, the amount of accrued interest on deposit liabilities; securities, mortgage loans or other financial instruments that serve as collateral for deposits; for time deposits having a remaining term of more than one year, the aggregate amount of maturities for each of the five years following the balance sheet date; and the weighted average interest rate for all deposit liabilities held by the entity. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 405 -Topic 942 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481047/942-405-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-K (SK) -Number 229 -Section 1406 -Paragraph (e) -Publisher SEC Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-K (SK) -Number 229 -Section 1406 -Publisher SEC Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.12) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1 + Details
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