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LOANS RECEIVABLE, NET AND RELATED ALLOWANCE FOR CREDIT LOSSES (Tables) | 9 Months Ended
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Jun. 30, 2024
Loans Receivable, Net and Related Allowance for Credit Losses [Abstract] |
Schedule of Loans Receivable | Loans receivable, net were comprised of the following:
|  | June 30, |  |  | September 30, |
|  | 2024 |  |  | 2023 |
|  | (In thousands) |
One-to-four family residential |  | $ | 238,735 |  |  | $ | 237,683 |
Commercial real estate |  |  | 447,023 |  |  |  | 389,134 |
Construction and land |  |  | 24,093 |  |  |  | 21,853 |
Home equity loans and lines of credit |  |  | 23,902 |  |  |  | 16,983 |
Commercial business |  |  | 24,356 |  |  |  | 30,194 |
Other |  |  | 2,245 |  |  |  | 2,359 |
Total loans receivable |  |  | 760,354 |  |  |  | 698,206 |
Net deferred loan costs |  |  | (945 | ) |  |  | (806 | )
Total loans receivable, net |  | $ | 759,409 |  |  | $ | 697,400 |
Schedule of the Loan Portfolio by Analyzing the Age | The following table presents the classes of the loan portfolio by origination year summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful for loans subject to the Company’s internal risk rating system and by performing status for all other loans as of June 30, 2024.
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Revolving Loans |  |  |  |
|  | June 30, 2024 |  |  | Amortized |  |  | Converted |  |  |  |
|  | Term Loans Amortized Cost Basis by Origination Fiscal Year |  |  | Cost Basis |  |  | to Term |  |  | Total |
|  | 2024 |  |  | 2023 |  |  | 2022 |  |  | 2021 |  |  | 2020 |  |  | Prior |  |  |  |  |  |  |  |  |  |
|  | (In thousands) |
One-to-four family residential |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | $ | 22,560 |  |  | $ | 42,570 |  |  | $ | 31,739 |  |  | $ | 26,279 |  |  | $ | 30,473 |  |  | $ | 85,076 |  |  | $ | 15 |  |  | $ | — |  |  | $ | 238,712 |
Non-performing |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 23 |  |  |  | — |  |  |  | — |  |  |  | 23 |
Total |  | $ | 22,560 |  |  | $ | 42,570 |  |  | $ | 31,739 |  |  | $ | 26,279 |  |  | $ | 30,473 |  |  | $ | 85,099 |  |  | $ | 15 |  |  | $ | — |  |  | $ | 238,735 |
Current period gross charge-offs |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial real estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 68,190 |  |  | $ | 84,363 |  |  | $ | 68,019 |  |  | $ | 65,281 |  |  | $ | 29,922 |  |  | $ | 124,692 |  |  | $ | 3,887 |  |  | $ | — |  |  | $ | 444,354 |
Special Mention |  |  | — |  |  |  | — |  |  |  | 201 |  |  |  | — |  |  |  | — |  |  |  | 128 |  |  |  | — |  |  |  | — |  |  |  | 329 |
Substandard |  |  | — |  |  |  | — |  |  |  | 2,224 |  |  |  | — |  |  |  | — |  |  |  | 116 |  |  |  | — |  |  |  | — |  |  |  | 2,340 |
Doubtful |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  | $ | 68,190 |  |  | $ | 84,363 |  |  | $ | 70,444 |  |  | $ | 65,281 |  |  | $ | 29,922 |  |  | $ | 124,936 |  |  | $ | 3,887 |  |  | $ | — |  |  | $ | 447,023 |
Current period gross charge-offs |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Construction and land |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 2,998 |  |  | $ | 10,586 |  |  | $ | 1,682 |  |  | $ | — |  |  | $ | 1,162 |  |  | $ | 4,374 |  |  | $ | 1,594 |  |  | $ | — |  |  | $ | 22,396 |
Special Mention |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Substandard |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,697 |  |  |  | — |  |  |  | — |  |  |  | 1,697 |
Doubtful |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  | $ | 2,998 |  |  | $ | 10,586 |  |  | $ | 1,682 |  |  | $ | — |  |  | $ | 1,162 |  |  | $ | 6,071 |  |  | $ | 1,594 |  |  | $ | — |  |  | $ | 24,093 |
Current period gross charge-offs |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Home equity loans and lines of credit |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | $ | 1,113 |  |  | $ | 1,645 |  |  | $ | 1,622 |  |  | $ | 320 |  |  | $ | 257 |  |  | $ | 1,289 |  |  | $ | 17,351 |  |  | $ | 305 |  |  | $ | 23,902 |
Non-performing |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  | $ | 1,113 |  |  | $ | 1,645 |  |  | $ | 1,622 |  |  | $ | 320 |  |  | $ | 257 |  |  | $ | 1,289 |  |  | $ | 17,351 |  |  | $ | 305 |  |  | $ | 23,902 |
Current period gross charge-offs |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Commercial business |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pass |  | $ | 1,619 |  |  | $ | 520 |  |  | $ | 2,577 |  |  | $ | 1,674 |  |  | $ | 844 |  |  | $ | 2,718 |  |  | $ | 14,160 |  |  | $ | 244 |  |  | $ | 24,356 |
Special Mention |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Substandard |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Doubtful |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  | $ | 1,619 |  |  | $ | 520 |  |  | $ | 2,577 |  |  | $ | 1,674 |  |  | $ | 844 |  |  | $ | 2,718 |  |  | $ | 14,160 |  |  | $ | 244 |  |  | $ | 24,356 |
Current period gross charge-offs |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Performing |  | $ | 58 |  |  | $ | — |  |  | $ | 54 |  |  | $ | — |  |  | $ | 11 |  |  | $ | 1,771 |  |  | $ | 351 |  |  | $ | — |  |  | $ | 2,245 |
Non-performing |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Total |  | $ | 58 |  |  | $ | — |  |  | $ | 54 |  |  | $ | — |  |  | $ | 11 |  |  | $ | 1,771 |  |  | $ | 351 |  |  | $ | — |  |  | $ | 2,245 |
Current period gross charge-offs |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Schedule of Bank’s Internal Risk Rating System | The following table presents more comparable information of the loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the Bank’s internal risk rating system as of September 30, 2023.
|  |  |  |  | Special |  |  |  |  |  |  |  |  |  |
|  | Pass |  |  | Mention |  |  | Substandard |  |  | Doubtful |  |  | Total |
|  | (In thousands) |
September 30, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One-to-four family residential |  | $ | 236,876 |  |  | $ | — |  |  | $ | 807 |  |  | $ | — |  |  | $ | 237,683 |
Commercial real estate |  |  | 386,794 |  |  |  | 116 |  |  |  | 2,224 |  |  |  | — |  |  |  | 389,134 |
Construction and land |  |  | 19,379 |  |  |  | — |  |  |  | 2,474 |  |  |  | — |  |  |  | 21,853 |
Home equity lines of credit |  |  | 16,983 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 16,983 |
Commercial business |  |  | 30,194 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 30,194 |
Other |  |  | 2,359 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2,359 |
Total |  | $ | 692,585 |  |  | $ | 116 |  |  | $ | 5,505 |  |  | $ | — |  |  | $ | 698,206 |
Schedule of the Loan Portfolio by Analyzing the Age | The following table presents the classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans for the periods presented:
|  |  |  |  | 30-59 |  |  | 60-89 |  |  |  |  |  |  |
|  |  |  |  | Days |  |  | Days |  |  | 90 Days + |  |  | Total |
|  | Current |  |  | Past Due |  |  | Past Due |  |  | Past Due |  |  | Loans |
|  | (In thousands) |
June 30, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One-to-four family residential |  | $ | 238,629 |  |  | $ | — |  |  | $ | 83 |  |  | $ | 23 |  |  | $ | 238,735 |
Commercial real estate |  |  | 444,191 |  |  |  | — |  |  |  | — |  |  |  | 2,832 |  |  |  | 447,023 |
Construction and land |  |  | 22,396 |  |  |  | — |  |  |  | — |  |  |  | 1,697 |  |  |  | 24,093 |
Home equity lines of credit |  |  | 23,902 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 23,902 |
Commercial business |  |  | 22,856 |  |  |  | 1,500 |  |  |  | — |  |  |  | — |  |  |  | 24,356 |
Other |  |  | 2,245 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2,245 |
Total |  | $ | 754,219 |  |  | $ | 1,500 |  |  | $ | 83 |  |  | $ | 4,552 |  |  | $ | 760,354 |
|  |  |  |  | 30-59 |  |  | 60-89 |  |  |  |  |  |  |
|  |  |  |  | Days |  |  | Days |  |  | 90 Days + |  |  | Total |
|  | Current |  |  | Past Due |  |  | Past Due |  |  | Past Due |  |  | Loans |
|  | (In thousands) |
September 30, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
One-to four-family residential |  | $ | 236,729 |  |  | $ | — |  |  | $ | 568 |  |  | $ | 386 |  |  | $ | 237,683 |
Commercial real estate |  |  | 386,794 |  |  |  | — |  |  |  | 116 |  |  |  | 2,224 |  |  |  | 389,134 |
Construction and land |  |  | 19,379 |  |  |  | — |  |  |  | — |  |  |  | 2,474 |  |  |  | 21,853 |
Home equity lines of credit |  |  | 16,983 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 16,983 |
Commercial business |  |  | 30,047 |  |  |  | 147 |  |  |  | — |  |  |  | — |  |  |  | 30,194 |
Other |  |  | 2,359 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2,359 |
Total |  | $ | 692,291 |  |  | $ | 147 |  |  | $ | 684 |  |  | $ | 5,084 |  |  | $ | 698,206 |
Schedule of Non-Accrual Loans Related Allowance for Credit Loss by Loan | The following tables present our non-accrual loans and the related allowance for credit loss by loan type as of June 30, 2024 and the non-accrual loans and specific reserves by loan type as of September 30, 2023.
|  | Total |  |  | Non-Accrual |  |  | Non-Accrual |
|  | Non-Accrual |  |  | with ACL |  |  | without ACL |
|  | (In thousands) |
June 30, 2024 |  |  |  |  |  |  |  |  |
One-to-four family residential |  | $ | 23 |  |  | $ | — |  |  | $ | 23 |
Commercial real estate |  |  | 2,340 |  |  |  | — |  |  |  | 2,340 |
Construction and land |  |  | 1,697 |  |  |  | — |  |  |  | 1,697 |
Total |  | $ | 4,060 |  |  | $ | — |  |  | $ | 4,060 |
|  | Non- |  |  | Specific |
|  | Accrual |  |  | Reserve |
|  | (In thousands) |
September 30, 2023 |  |  |  |  |  |
One-to four-family residential |  | $ | 386 |  |  | $ | — |
Commercial real estate |  |  | 2,224 |  |  |  | — |
Construction and land |  |  | 2,474 |  |  |  | — |
Total |  | $ | 5,084 |  |  | $ | — |
Schedule of Non-Performing, Collateral Dependent Loans | The following table identifies our non-performing, collateral dependent loans by collateral type as of June 30, 2024:
|  | June 30, |
|  | 2024 |
Real-estate type: |  | (In thousands) |
One- to four-family residential |  | $ | 23 |
Commercial real estate |  |  | 2,832 |
Construction and land |  |  | 1,697 |
Total |  | $ | 4,552 |
Schedule of Impaired Loans | The following table presents impaired loans by class, segregated by those for which a specific allowance was required and those for which a specific allowance was not necessary as of September 30, 2023:
|  |  |  |  |  |  |  | Impaired |  |  |  |  |  |  |
|  |  |  |  |  |  |  | Loans with |  |  |  |  |  |  |
|  | Impaired Loans with |  |  | No Specific |  |  |  |  |  |  |
|  | Specific Allowance |  |  | Allowance |  |  | Total Impaired Loans |
|  |  |  |  |  |  |  |  |  |  |  |  |  | Unpaid |
|  | Recorded |  |  | Related |  |  | Recorded |  |  | Recorded |  |  | Principal |
|  | Investment |  |  | Allowance |  |  | Investment |  |  | Investment |  |  | Balance |
September 30, 2023 |  | (In thousands) |
One-to four-family residential |  | $ | — |  |  | $ | — |  |  | $ | 2,031 |  |  | $ | 2,031 |  |  | $ | 2,031 |
Commercial real estate |  |  | — |  |  |  | — |  |  |  | 2,969 |  |  |  | 2,969 |  |  |  | 2,969 |
Construction and land |  |  | — |  |  |  | — |  |  |  | 2,474 |  |  |  | 2,474 |  |  |  | 2,539 |
Commercial business |  |  | — |  |  |  | — |  |  |  | 147 |  |  |  | 147 |  |  |  | 147 |
Total impaired loans |  | $ | — |  |  | $ | — |  |  | $ | 7,621 |  |  | $ | 7,621 |  |  | $ | 7,686 |
Schedule of Interest Income Recognized on Impaired Loan | The following table presents the average recorded investment in impaired loans and the interest income recognized on impaired loans for the three and nine months ended June 30, 2023.
|  | Three Months Ended |  |  | Nine Months Ended |
|  | June 30, 2023 |  |  | June 30, 2023 |
|  | (In thousands) |
One-to-four family residential |  | $ | 1,777 |  |  | $ | 1,645 |
Commercial real estate |  |  | 1,142 |  |  |  | 1,220 |
Construction and land |  |  | 1,806 |  |  |  | 2,149 |
Commercial business |  |  | 342 |  |  |  | 312 |
Average investment in impaired loans |  | $ | 5,067 |  |  | $ | 5,326 |
Interest income recognized on an accrual basis on impaired loans: |  |  |  |  |  |  |  |
One-to-four family residential |  | $ | 22 |  |  | $ | 64 |
Commercial real estate |  |  | 13 |  |  |  | 39 |
Commercial business |  |  | 2 |  |  |  | 5 |
Total |  | $ | 37 |  |  | $ | 108 |
Schedule of Allowance for Loan Losses by Loan Category | The following tables also present, by loan category, the changes in the allowance for credit losses for the three and nine months ended June 30, 2024 and the allowance for credit losses for the three and nine months ended June 30, 2023.
|  | One-to-Four |  |  |  |  |  | Construction |  |  | Home Equity |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Family |  |  | Commercial |  |  | and |  |  | Lines of |  |  | Commercial |  |  |  |  |  |  |  |  |  |
|  | Residential |  |  | Real Estate |  |  | Land |  |  | Credit |  |  | Business |  |  | Other |  |  | Unallocated |  |  | Total |
|  | (In thousands) |
Balance- September 30, 2023 |  | $ | 1,259 |  |  | $ | 5,277 |  |  | $ | 472 |  |  | $ | 207 |  |  | $ | 939 |  |  | $ | 2 |  |  | $ | 174 |  |  | $ | 8,330 |
Effect of adopting ASU 2016-13 |  |  | 7 |  |  |  | (589 | ) |  |  | (55 | ) |  |  | (87 | ) |  |  | (133 | ) |  |  | (1 | ) |  |  | (174 | ) |  |  | (1,032 | )
Charge-offs |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Recoveries |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Provision (credit) |  |  | (75 | ) |  |  | 161 |  |  |  | 301 |  |  |  | (40 | ) |  |  | 39 |  |  |  | (1 | ) |  |  | — |  |  |  | 385 |
Balance- December 31, 2023 |  | $ | 1,191 |  |  | $ | 4,849 |  |  | $ | 718 |  |  | $ | 80 |  |  | $ | 845 |  |  | $ | — |  |  | $ | — |  |  | $ | 7,683 |
Charge-offs |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Recoveries |  |  | — |  |  |  | — |  |  |  | 65 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 65 |
Provision (credit) |  |  | (421 | ) |  |  | 237 |  |  |  | 77 |  |  |  | (28 | ) |  |  | 78 |  |  |  | 3 |  |  |  | — |  |  |  | (54 | )
Balance- March 31, 2024 |  | $ | 770 |  |  | $ | 5,086 |  |  | $ | 860 |  |  | $ | 52 |  |  | $ | 923 |  |  | $ | 3 |  |  | $ | — |  |  | $ | 7,694 |
Charge-offs |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Recoveries |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1 |
Provision (credit) |  |  | 208 |  |  |  | 147 |  |  |  | (187 | ) |  |  | (14 | ) |  |  | (102 | ) |  |  | (3 | ) |  |  | — |  |  |  | 49 |
Balance- June 30, 2024 |  | $ | 979 |  |  | $ | 5,233 |  |  | $ | 673 |  |  | $ | 38 |  |  | $ | 821 |  |  | $ | — |  |  | $ | — |  |  | $ | 7,744 |
|  | One-to-Four |  |  |  |  |  | Construction |  |  | Home Equity |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Family |  |  | Commercial |  |  | and |  |  | Lines of |  |  | Commercial |  |  |  |  |  |  |  |  |  |
|  | Residential |  |  | Real Estate |  |  | Land |  |  | Credit |  |  | Business |  |  | Other |  |  | Unallocated |  |  | Total |
|  | (In thousands) |
Balance- September 30, 2022 |  | $ | 1,223 |  |  | $ | 4,612 |  |  | $ | 461 |  |  | $ | 263 |  |  | $ | 1,484 |  |  | $ | 1 |  |  | $ | 389 |  |  | $ | 8,433 |
Charge-offs |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Recoveries |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Provision (credit) |  |  | 12 |  |  |  | 518 |  |  |  | 65 |  |  |  | (7 | ) |  |  | (109 | ) |  |  | — |  |  |  | (162 | ) |  |  | 317 |
Balance- December 31, 2022 |  | $ | 1,235 |  |  | $ | 5,130 |  |  | $ | 526 |  |  | $ | 256 |  |  | $ | 1,375 |  |  | $ | 1 |  |  | $ | 227 |  |  | $ | 8,750 |
Charge-offs |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (102 | ) |  |  | — |  |  |  | — |  |  |  | (102 | )
Recoveries |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1 |
Provision (credit) |  |  | 34 |  |  |  | 280 |  |  |  | (58 | ) |  |  | (10 | ) |  |  | 62 |  |  |  | — |  |  |  | (113 | ) |  |  | 195 |
Balance- March 31, 2023 |  | $ | 1,270 |  |  | $ | 5,410 |  |  | $ | 468 |  |  | $ | 246 |  |  | $ | 1,335 |  |  | $ | 1 |  |  | $ | 114 |  |  | $ | 8,844 |
Charge-offs |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (386 | ) |  |  | — |  |  |  | — |  |  |  | (386 | )
Recoveries |  |  | 1 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1 |
Provision (credit) |  |  | (102 | ) |  |  | (318 | ) |  |  | (21 | ) |  |  | (15 | ) |  |  | (41 | ) |  |  | — |  |  |  | 416 |  |  |  | (81 | )
Balance- June 30, 2023 |  | $ | 1,169 |  |  | $ | 5,092 |  |  | $ | 447 |  |  | $ | 231 |  |  | $ | 908 |  |  | $ | 1 |  |  | $ | 530 |  |  | $ | 8,378 |
The following table presents, by loan category, segregated into the amount required for loans individually evaluated for impairment and the amount required for loans collectively evaluated for impairment as of and September 30, 2023.
|  | One-to-Four |  |  |  |  |  |  |  |  | Home Equity |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Family |  |  | Commercial |  |  |  |  |  | Lines of |  |  | Commercial |  |  |  |  |  |  |  |  |  |
|  | Residential |  |  | Real Estate |  |  | Construction |  |  | Credit |  |  | Business |  |  | Other |  |  | Unallocated |  |  | Total |
|  | (In thousands) |
Allowance for Loan Losses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance - September 30, 2023 |  | $ | 1,259 |  |  | $ | 5,277 |  |  | $ | 472 |  |  | $ | 207 |  |  | $ | 939 |  |  | $ | 2 |  |  | $ | 174 |  |  | $ | 8,330 |
Individually evaluated |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
for impairment |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Collectively evaluated |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
for impairment |  |  | 1,259 |  |  |  | 5,277 |  |  |  | 472 |  |  |  | 207 |  |  |  | 939 |  |  |  | 2 |  |  |  | 174 |  |  |  | 8,330 |
Loans receivable: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance - September 30, 2023 |  | $ | 237,683 |  |  | $ | 389,134 |  |  | $ | 21,853 |  |  | $ | 16,983 |  |  | $ | 30,194 |  |  | $ | 2,359 |  |  | $ | — |  |  | $ | 698,206 |
Individually evaluated |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
for impairment |  |  | 2,031 |  |  |  | 2,969 |  |  |  | 2,474 |  |  |  | — |  |  |  | 147 |  |  |  | — |  |  |  | — |  |  |  | 7,621 |
Collectively evaluated |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
for impairment |  |  | 235,652 |  |  |  | 386,165 |  |  |  | 19,379 |  |  |  | 16,983 |  |  |  | 30,047 |  |  |  | 2,359 |  |  |  | — |  |  |  | 690,585 |
Schedule of Troubled Debt Restructuring | The following table presents information on TDRs:
|  | Nine Months Ended June 30, 2023 |
|  | Number of |  |  | Investment Before |  |  | Investment After |
|  | Loans |  |  | TDR Modification |  |  | TDR Modification |
|  | (Dollars in thousands) |
One-to four-family residential |  |  | 1 |  |  | $ | 97 |  |  | $ | 107 |
Total |  |  | 1 |  |  | $ | 97 |  |  | $ | 107 |

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