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INVESTMENT SECURITIES (Tables)
 9 Months Ended
Jun. 30, 2024
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 June 30, 2024:
       Gross   Gross     
   Amortized   Unrealized   Unrealized   Fair 
June 30, 2024  Cost   Gains   Losses   Value 
   (In thousands) 
Securities available-for-sale:                    
Obligations of U.S. government agencies:                    
Mortgage-backed securities - residential  $98   $
—
   $(11)  $87 
Obligations of U.S. government-sponsored enterprises:                    
Mortgage-backed securities-residential   12,964    15    (1,506)   11,473 
Corporate securities   4,000    24    
—
    4,024 
Total securities available-for-sale  $17,062   $39   $(1,517)  $15,584 
Securities held-to-maturity:                    
Obligations of U.S. government agencies:                    
Mortgage-backed securities - residential  $4,801   $
—
   $(758)  $4,043 
Mortgage-backed securities - commercial   4,353    
—
    (31)   4,322 
Obligations of U.S. government-sponsored enterprises:                    
Mortgage-backed-securities - residential   44,116    3    (6,682)   37,437 
Debt securities   18,999    
—
    (1,234)   17,765 
Private label mortgage-backed securities - residential   195    
—
    (11)   184 
Obligations of state and political subdivisions   3,453    
—
    (470)   2,983 
Corporate securities   3,000    
—
    (234)   2,766 
Total securities held-to-maturity  $78,917   $3   $(9,420)  $69,500 
Total investment securities  $95,979   $42   $(10,937)  $85,084 
The following table summarizes the amortized cost of held-to-maturity debt securities at June 30, 2024, aggregated by credit quality indicator:
   Credit Rating at Amortized Cost 
   AAA/AA/A   BBB/BB/B   Non-rated 
June 30, 2024  (In thousands) 
Securities held-to-maturity:               
Obligations of U.S. government agencies:               
Mortgage-backed securities - residential  $4,801   $
—
   $
—
 
Mortgage-backed securities - commercial   4,353    
—
    
—
 
Obligations of U.S. government-sponsored enterprises:               
Mortgage backed securities - residential   44,116    
—
    
—
 
Debt securities   18,999    
—
    
—
 
Private label mortgage-backed securities - residential   
—
    
—
    195 
Obligations of state and political subdivisions   3,453    
—
    
—
 
Corporate securities   
—
    3,000    
—
 
Totals  $75,722   $3,000   $195 

 

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 June 30, 2024 are summarized in the following table:
   June 30, 2024 
   Amortized   Fair 
   Cost   Value 
   (In thousands) 
Due within 1 year  $6,500   $6,318 
Due after 1 but within 5 years   14,541    13,501 
Due after 5 but within 10 years   8,411    7,719 
Due after 10 years   
—
    
—
 
Total debt securities   29,452    27,538 
           
Mortgage backed securities:          
Residential   62,174    53,224 
Commercial   4,353    4,322 
Total  $95,979   $85,084