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FINANCIAL INSTRUMENTS WITH OFF-BALANCE-SHEET RISK (Tables) | 12 Months Ended
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Sep. 30, 2024
Financial Instruments with Off-Balance-Sheet Risk [Abstract] |
Schedule of Information Regarding Derivatives | The following table presents summary information regarding these derivatives for September 30, 2024 and 2023.
|  | Notional Amount |  |  | Average Maturity (Years) |  |  | Weighted Average Fixed Rate |  |  | Weighted Average Variable Rate |  | Fair Value |
|  | (Dollars in thousands) |
September 30, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Classified in Other Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer interest rate swaps |  | $ | 34,890 |  |  |  | 3.2 |  |  |  | 4.96% |  |  | 1 Mo. BSBY + 2.44 |  | $ | 1,405 |
Total |  | $ | 34,890 |  |  |  | 3.2 |  |  |  | 4.96% |  |  |  |  | $ | 1,405 |
Classified in Other Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
3rd Party interest rate swaps |  | $ | 34,890 |  |  |  | 3.2 |  |  |  | 4.96% |  |  | 1 Mo. BSBY + 2.44 |  | $ | 1,405 |
Total |  | $ | 34,890 |  |  |  | 3.2 |  |  |  | 4.96% |  |  |  |  | $ | 1,405 |
September 30, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Classified in Other Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer interest rate swaps |  | $ | 36,020 |  |  |  | 4.2 |  |  |  | 4.96% |  |  | 1 Mo. BSBY + 2.44 |  | $ | 2,579 |
Total |  | $ | 36,020 |  |  |  | 4.2 |  |  |  | 4.96% |  |  |  |  | $ | 2,579 |
Classified in Other Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
3rd Party interest rate swaps |  | $ | 36,020 |  |  |  | 4.2 |  |  |  | 4.96% |  |  | 1 Mo. BSBY + 2.44 |  | $ | 2,579 |
Total |  | $ | 36,020 |  |  |  | 4.2 |  |  |  | 4.96% |  |  |  |  | $ | 2,579 |
Schedule of Financial Instruments with Off-Balance-Sheet Risk | At September 30, 2024 and 2023, the Company had outstanding commitments (substantially all of which expire within one year) to originate one-to four-family residential loans, construction loans, commercial real estate loans, commercial business loans and consumer loans. These commitments were comprised of fixed and variable rate loans.
|  | September 30, |
|  | 2024 |  |  | 2023 |
|  | (In thousands) |
Financial instruments whose contract amounts |  |  |  |  |  |  |  |
represent credit risk |  |  |  |  |  |  |  |
Letters of credit |  | $ | 620 |  |  | $ | 1,073 |
Unused lines of credit |  |  | 88,272 |  |  |  | 89,933 |
Fixed rate loan commitments |  |  | 1,804 |  |  |  | 3,578 |
Variable rate loan commitments |  |  | 26,843 |  |  |  | 26,472 |
Total |  | $ | 117,539 |  |  | $ | 121,056 |

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