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FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK (Tables) | 9 Months Ended
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Jun. 30, 2024
Financial Instruments with Off-Balance Sheet Risk [Abstract] |
Schedule of Information Regarding Derivatives | The following table presents summary information regarding these derivatives as of June 30, 2024 and September 30, 2023.
|  | Notional Amount |  |  | Average Maturiy (Years) |  |  | Weighted Average Fixed Rate |  |  | Weighted Average Variable Rate |  | Fair Value |
|  | (Dollars in thousands) |
June 30, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Classified in Other Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer interest rate swaps |  | $ | 35,178 |  |  |  | 3.4 |  |  |  | 4.96% |  |  | 1 Mo. BSBY + 2.44 |  | $ | 1,841 |
Total |  | $ | 35,178 |  |  |  | 3.4 |  |  |  | 4.96% |  |  |  |  | $ | 1,841 |
Classified in Other Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
3rd Party interest rate swaps |  | $ | 35,178 |  |  |  | 3.4 |  |  |  | 4.96% |  |  | 1 Mo. BSBY + 2.44 |  | $ | 1,841 |
Total |  | $ | 35,178 |  |  |  | 3.4 |  |  |  | 4.96% |  |  |  |  | $ | 1,841 |
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 | Those instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amounts recognized in the consolidated balance sheets.
|  | June 30, |  |  | September 30, |
|  | 2024 |  |  | 2023 |
|  | (In thousands) |
Financial instruments whose contract amounts |  |  |  |  |  |  |  |
represent credit risk |  |  |  |  |  |  |  |
Letters of credit |  | $ | 690 |  |  | $ | 1,073 |
Unused lines of credit |  |  | 93,102 |  |  |  | 89,933 |
Fixed rate loan commitments |  |  | 4,939 |  |  |  | 3,578 |
Variable rate loan commitments |  |  | 33,526 |  |  |  | 26,472 |
Totals |  | $ | 132,257 |  |  | $ | 121,056 |

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