XML 36 R26.htm IDEA: XBRL DOCUMENT v3.24.0.1
INVESTMENT SECURITIES (Tables)
3 Months Ended
Dec. 31, 2023
Investment Securities [Abstract]  
Schedule of Amortized Cost and Fair Values of Securities Held to Maturity The following table summarizes the amortized cost and fair values of securities classified as available-for-sale and held-to-maturity at December 31, 2023:
       Gross   Gross     
   Amortized   Unrealized   Unrealized   Fair 
December 31, 2023  Cost   Gains   Losses   Value 
   (In thousands) 
Securities available-for-sale:                    
Obligations of U.S. government agencies:                    
Mortgage-backed securities - residential  $103   $
   $(8)  $95 
Obligations of U.S. government-sponsored enterprises:                    
Mortgage-backed securities-residential   13,551    39    (1,412)   12,178 
Total securities available-for-sale  $13,654   $39   $(1,420)  $12,273 
Securities held-to-maturity:                    
Obligations of U.S. government agencies:                    
Mortgage-backed securities - residential  $4,986   $
   $(677)  $4,309 
Mortgage-backed securities - commercial   2,484    
    (22)   2,462 
Obligations of U.S. government-sponsored enterprises:                    
Mortgage-backed-securities - residential   47,199    
    (6,229)   40,970 
Debt securities   22,999    6    (1,378)   21,627 
Private label mortgage-backed securities - residential   203    
    (10)   193 
Obligations of state and political subdivisions   3,462    5    (324)   3,143 
Corporate securities   3,000    
    (196)   2,804 
Total securities held-to-maturity  $84,333   $11   $(8,836)  $75,508 
Total investment securities  $97,987   $50   $(10,256)  $87,781 
The following table summarizes the amortized cost of held-to-maturity debt securities at December 31, 2023, aggregated by credit quality indicator:
   Credit Rating 
   AAA/AA/A   BBB/BB/B   Non-rated 
December 31, 2023  (In thousands) 
Securities held-to-maturity:               
Obligations of U.S. government agencies:               
Mortgage-backed securities - residential  $4,986   $
   $
 
Mortgage-backed securities - commercial   2,484    
    
 
Obligations of U.S. government-sponsored enterprises:               
Mortgage backed securities - residential   47,199    
    
 
Debt securities   22,999    
    
 
Private label mortgage-backed securities - residential   
    
    203 
Obligations of state and political subdivisions   3,462    
    
 
Corporate securities   
    3,000    
 
Totals  $81,130   $3,000   $203 
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:
       Gross   Gross     
   Amortized   Unrealized   Unrealized   Fair 
September 30, 2023  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 debt securities, municipal bonds and certain information regarding mortgage-backed securities at December 31, 2023 are summarized in the following table:
   December 31, 2023 
   Amortized   Fair 
   Cost   Value 
   (In thousands) 
Due within 1 year  $4,000   $3,966 
Due after 1 but within 5 years   20,526    19,315 
Due after 5 but within 10 years   4,935    4,293 
Due after 10 years   
    
 
Total debt securities   29,461    27,574 
           
Mortgage backed securities:          
Residential   66,042    57,745 
Commercial   2,484    2,462 
Total  $97,987   $87,781