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DEPOSITS

9 Months Ended

Jun. 30, 2024

Deposits [Abstract]

DEPOSITS

NOTE L - DEPOSITS

A summary of deposits by type of account are summarized as follows:

		June 30,				September 30,
		2024				2023
		(In thousands)
Demand accounts		$	136,916			$	188,550
Savings accounts			54,648				62,168
NOW accounts			150,420				115,182
Money market accounts			303,576				284,885
Certificates of deposit			130,678				92,725
Retirement certificates			12,955				11,943
Total deposits		$	789,193			$	755,453

Included in the Company’s deposits at June 30, 2024 were $21.6 million in brokered certificates of deposit and $17.7 million in certificates of deposit obtained through a national deposit listing service. At September 30, 2023 the Company had $13.8 million in brokered certificates of deposits and $14.0 million in certificates of deposits obtained through a national deposit listing service.

At June 30, 2024 and September 30, 2023, the aggregate deposits in amounts greater than $250 thousand, which is the maximum amount for federal deposit insurance, were $380.5 million and $367.4 million, respectively. The estimated amount of deposits that were neither insured nor collateralized was $122.3 million and $109.3 million at June 30, 2024 and September 30, 2023, respectively.

X

- Definition

The entire disclosure for deposit liabilities including data and tables. It may include a description of the entity's deposit liabilities, the aggregate amount of time deposits (including certificates of deposit) in denominations of $100,000 or more at the balance sheet date; the aggregate amount of any demand deposits that have been reclassified as loan balances, such as overdrafts, at the balance sheet date; deposits that are received on terms other than those in the normal course of business, the amount of accrued interest on deposit liabilities; securities, mortgage loans or other financial instruments that serve as collateral for deposits; for time deposits having a remaining term of more than one year, the aggregate amount of maturities for each of the five years following the balance sheet date; and the weighted average interest rate for all deposit liabilities held by the entity.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 405
-Topic 942
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478353/942-405-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(12))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Paragraph e
-Publisher SEC

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Name Regulation S-K (SK)
-Number 229
-Section 1406
-Publisher SEC

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X

- References

No definition available.

+ Details

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