XML 46 R33.htm IDEA: XBRL DOCUMENT v3.24.4
INVESTMENT SECURITIES (Tables)
12 Months Ended
Sep. 30, 2024
Investment Securities [Abstract]  
Schedule of Unrealized Losses for which an Allowance for Credit Loss The following table summarizes the amortized cost and fair values of securities classified as available-for-sale and held-to-maturity at September 30, 2024:
   September 30, 2024 
       Gross   Gross   Allowance for     
   Amortized   Unrealized   Unrealized   Credit   Fair 
   Cost   Gains   Losses   Losses   Value 
   (In thousands) 
Securities available-for-sale:                         
Obligations of U.S. government agencies:                         
Mortgage backed securities - residential  $95   $
   $(6)  $
   $89 
Obligations of U.S. government-sponsored enterprises:                         
Mortgage-backed securities-residential   12,652    56    (1,202)   
    11,506 
Corporate securities   4,000    21    
    
    4,021 
Total securities available-for-sale  $16,747   $77   $(1,208)  $
   $15,616 
Securities held-to-maturity:                         
Obligations of U.S. government agencies:                         
Mortgage-backed securities - residential  $7,209   $
   $(611)  $
   $6,598 
Mortgage-backed securities - commercial   4,268    64    (23)   
    4,309 
Obligations of U.S. government-sponsored enterprises:                         
Mortgage backed securities - residential   42,701    4    (5,194)   
    37,511 
Debt securities   19,000    13    (865)   
    18,148 
Private label mortgage-backed securities - residential   190    
    (5)   
    185 
Obligations of state and political subdivisions   3,448    3    (351)   
    3,100 
Corporate securities   3,000    
    (234)   
    2,766 
Total securities held-to-maturity  $79,816   $84   $(7,283)  $
   $72,617 
Total investment securities  $96,563   $161   $(8,491)  $
   $88,233 
The following table summarizes the amortized cost and fair values of securities classified as available-for-sale and held to-maturity at September 30, 2023:
   September 30, 2023 
       Gross   Gross     
   Amortized   Unrealized   Unrealized   Fair 
   Cost   Gains   Losses   Value 
   (In thousands) 
Securities available-for-sale:                    
Obligations of U.S. government agencies:                    
Mortgage backed securities - residential  $106   $
   $(14)  $92 
Obligations of U.S. government-sponsored enterprises:                    
Mortgage-backed securities-residential   11,984    
    (1,951)   10,033 
Total securities available-for-sale  $12,090   $
   $(1,965)  $10,125 
Securities held-to-maturity:                    
Obligations of U.S. government agencies:                    
Mortgage-backed securities - residential  $5,070   $
   $(850)  $4,220 
Mortgage-backed securities - commercial   2,509    
    (16)   2,493 
Obligations of U.S. government-sponsored enterprises:                    
Mortgage backed securities - residential   48,086    
    (8,480)   39,606 
Debt securities   23,497    
    (1,947)   21,550 
Private label mortgage-backed securities - residential   207    
    (12)   195 
Obligations of state and political subdivisions   3,466    
    (605)   2,861 
Corporate securities   3,000    
    (197)   2,803 
Total securities held-to-maturity  $85,835   $
   $(12,107)  $73,728 
Total investment securities  $97,925   $
   $(14,072)  $83,853 
Schedule of Maturities Debt Securities and Mortgage Backed Securities Held to Maturity The contractual maturities of the debt securities, municipal bonds and certain information regarding the mortgage-backed securities available-for-sale at September 30, 2024 are summarized in the following table:
   September 30, 2024 
   Amortized   Fair 
   Cost   Value 
   (In thousands) 
Due within 1 year  $
   $
 
Due after 1 but within 5 years   
    
 
Due after 5 but within 10 years   4,000    4,021 
Due after 10 years   
    
 
Total debt securities   4,000    4,021 
           
Mortgage-backed securities:          
Residential   12,747    11,595 
Commercial   
    
 
Total  $16,747   $15,616 
The contractual maturities of the debt securities, municipal bonds and certain information regarding the mortgage-backed securities held-to-maturity at September 30, 2024 are summarized in the following table:
   September 30, 2024 
   Amortized   Fair 
   Cost   Value 
   (In thousands) 
Due within 1 year  $9,500   $9,317 
Due after 1 but within 5 years   12,179    11,413 
Due after 5 but within 10 years   3,769    3,284 
Due after 10 years   
    
 
Total debt securities   25,448    24,014 
           
Mortgage backed securities:          
Residential   50,100    44,294 
Commercial   4,268    4,309 
Total  $79,816   $72,617 
Schedule of Unrealized Losses for which an Allowance for Credit Loss Details of available-for-sale securities with unrealized losses for which an allowance for credit losses has not been recorded at September 30, 2024 are as follows:
       Less Than 12 Months   12 Months Or Greater   Total 
   Number of   Fair   Unrealized   Fair   Unrealized   Fair   Unrealized 
   Securities   Value   Losses   Value   Losses   Value   Losses 
       (Dollars in thousands) 
                             
September 30, 2024 Securities available-for-sale                                   
Obligations of U.S. government agencies:                                   
Mortgage-backed securities - residential   1   $
   $
   $88   $(6)  $88   $(6)
Obligations of U.S. government-sponsored enterprises                                   
Mortgage-backed securities - residential   8    
    
    7,550    (1,202)   7,550    (1,202)
Total   9   $
   $
   $7,638   $(1,208)  $7,638   $(1,208)
Details of available-for-sale and held-to-maturity securities with unrealized losses at September 30, 2023 are as follows:
       Less Than 12 Months   12 Months Or Greater   Total 
   Number of   Fair   Unrealized   Fair   Unrealized   Fair   Unrealized 
   Securities   Value   Losses   Value   Losses   Value   Losses 
       (Dollars in thousands) 
                             
September 30, 2023                                   
Obligations of U.S. government agencies:                                   
Mortgage-backed securities- residential   6   $
   $
   $4,312   $(864)  $4,312   $(864)
Mortgage-backed securities - commercial   2    1,926    (14)   567    (2)   2,493    (16)
Obligations of U.S. government-sponsored enterprises                                   
Mortgage backed securities- residential   50    4,938    (49)   44,485    (10,382)   49,423    (10,431)
Debt securities   12    
    
    21,550    (1,947)   21,550    (1,947)
Private label mortgage-backed securities- residential   1    
    
    195    (12)   195    (12)
Obligations of state and political subdivisions   7    789    (43)   2,072    (562)   2,861    (605)
Corporate securities   1    
    
    2,803    (197)   2,803    (197)
Total   79   $7,653   $(106)  $75,984   $(13,966)  $83,637   $(14,072)

 

Schedule of Amortized Cost of Held-to-Maturity Debt Securities The following table summarizes the amortized cost of held-to-maturity debt securities at September 30, 2024, aggregated by credit quality indicator:
   Credit Rating 
   September 30, 2024 
   AAA/AA/A   BBB/BB/B   Non-rated 
   (In thousands) 
Securities held to maturity:               
Obligations of U.S. government agencies:               
Mortgage-backed securities - residential  $7,209   $
   $
 
Mortgage-backed securities - commercial   4,268    
    
 
Obligations of U.S. government-sponsored enterprises:               
Mortgage backed securities - residential   42,701    
    
 
Debt securities   19,000    
    
 
Private label mortgage-backed securities - residential   190    
    
 
Obligations of state and political subdivisions   3,448    
    
 
Corporate securities   3,000    
    
 
Total held to maturity debt securities  $79,816   $
   $