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INVESTMENT SECURITIES (Tables) | 12 Months Ended
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Sep. 30, 2025
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 September 30, 2025:
|  | September 30, 2025 |
|  |  |  |  | Gross |  |  | Gross |  |  | Allowance for |  |  |  |
|  | Amortized |  |  | Unrealized |  |  | Unrealized |  |  | Credit |  |  | Fair |
|  | Cost |  |  | Gains |  |  | Losses |  |  | Losses |  |  | Value |
|  | (In thousands) |
Securities available-for-sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Obligations of U.S. government agencies: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage backed securities - residential |  | $ | 90 |  |  | $ | - |  |  | $ | (8 | ) |  | $ | - |  |  | $ | 82 |
Obligations of U.S. government-sponsored enterprises: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities-residential |  |  | 15,325 |  |  |  | 70 |  |  |  | (1,082 | ) |  |  | - |  |  |  | 14,313 |
Corporate securities |  |  | 6,500 |  |  |  | 287 |  |  |  | - |  |  |  | - |  |  |  | 6,787 |
Total securities available-for-sale |  | $ | 21,915 |  |  | $ | 357 |  |  | $ | (1,090 | ) |  | $ | - |  |  | $ | 21,182 |
Securities held-to-maturity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Obligations of U.S. government agencies: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities - residential |  | $ | 6,558 |  |  | $ | - |  |  | $ | (629 | ) |  | $ | - |  |  | $ | 5,929 |
Mortgage-backed securities - commercial |  |  | 3,913 |  |  |  | 19 |  |  |  | (17 | ) |  |  | - |  |  |  | 3,915 |
Obligations of U.S. government-sponsored enterprises: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage backed securities - residential |  |  | 40,741 |  |  |  | 4 |  |  |  | (4,679 | ) |  |  | - |  |  |  | 36,066 |
Debt securities |  |  | 9,449 |  |  |  | 12 |  |  |  | (455 | ) |  |  | - |  |  |  | 9,006 |
Private label mortgage-backed securities - residential |  |  | 174 |  |  |  | - |  |  |  | (2 | ) |  |  | - |  |  |  | 172 |
Obligations of state and political subdivisions |  |  | 3,431 |  |  |  | 5 |  |  |  | (278 | ) |  |  | - |  |  |  | 3,158 |
Corporate securities |  |  | 3,000 |  |  |  | - |  |  |  | (86 | ) |  |  | - |  |  |  | 2,914 |
Total securities held-to-maturity |  | $ | 67,266 |  |  | $ | 40 |  |  | $ | (6,146 | ) |  | $ | - |  |  | $ | 61,160 |
Total investment securities |  | $ | 89,181 |  |  | $ | 397 |  |  | $ | (7,236 | ) |  | $ | - |  |  | $ | 82,342 |
The following table summarizes the amortized cost and fair values of securities classified as available-for-sale and held to-maturity at September 30, 2024:
|  | September 30, 2024 |
|  |  |  |  | Gross |  |  | Gross |  |  | Allowance for |  |  |  |
|  | Amortized |  |  | Unrealized |  |  | Unrealized |  |  | Credit |  |  | Fair |
|  | Cost |  |  | Gains |  |  | Losses |  |  | Losses |  |  | Value |
|  | (In thousands) |
Securities available-for-sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Obligations of U.S. government agencies: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage backed securities - residential |  | $ | 95 |  |  | $ | - |  |  | $ | (6 | ) |  | $ | - |  |  | $ | 89 |
Obligations of U.S. government-sponsored enterprises: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities-residential |  |  | 12,652 |  |  |  | 56 |  |  |  | (1,202 | ) |  |  | - |  |  |  | 11,506 |
Corporate securities |  |  | 4,000 |  |  |  | 21 |  |  |  | - |  |  |  | - |  |  |  | 4,021 |
Total securities available-for-sale |  | $ | 16,747 |  |  | $ | 77 |  |  | $ | (1,208 | ) |  | $ | - |  |  | $ | 15,616 |
Securities held-to-maturity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Obligations of U.S. government agencies: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities - residential |  | $ | 7,209 |  |  | $ | - |  |  | $ | (611 | ) |  | $ | - |  |  | $ | 6,598 |
Mortgage-backed securities - commercial |  |  | 4,268 |  |  |  | 64 |  |  |  | (23 | ) |  |  | - |  |  |  | 4,309 |
Obligations of U.S. government-sponsored enterprises: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage backed securities - residential |  |  | 42,701 |  |  |  | 4 |  |  |  | (5,194 | ) |  |  | - |  |  |  | 37,511 |
Debt securities |  |  | 19,000 |  |  |  | 13 |  |  |  | (865 | ) |  |  | - |  |  |  | 18,148 |
Private label mortgage-backed securities - residential |  |  | 190 |  |  |  | - |  |  |  | (5 | ) |  |  | - |  |  |  | 185 |
Obligations of state and political subdivisions |  |  | 3,448 |  |  |  | 3 |  |  |  | (351 | ) |  |  | - |  |  |  | 3,100 |
Corporate securities |  |  | 3,000 |  |  |  | - |  |  |  | (234 | ) |  |  | - |  |  |  | 2,766 |
Total securities held-to-maturity |  | $ | 79,816 |  |  | $ | 84 |  |  | $ | (7,283 | ) |  | $ | - |  |  | $ | 72,617 |
Total investment securities |  | $ | 96,563 |  |  | $ | 161 |  |  | $ | (8,491 | ) |  | $ | - |  |  | $ | 88,233 |
Schedule of Maturities Debt Securities and Mortgage Backed Securities Held to Maturity | The contractual maturities of the debt securities, municipal bonds and certain information regarding the mortgage-backed securities available-for-sale at September 30, 2025 are summarized in the following table:
|  | September 30, 2025 |
|  | Amortized |  |  | Fair |
|  | Cost |  |  | Value |
|  | (In thousands) |
Due within 1 year |  | $ | - |  |  | $ | - |
Due after 1 but within 5 years |  |  | - |  |  |  | - |
Due after 5 but within 10 years |  |  | 6,500 |  |  |  | 6,787 |
Due after 10 years |  |  | - |  |  |  | - |
Total debt securities |  |  | 6,500 |  |  |  | 6,787 |
Mortgage-backed securities: |  |  |  |  |  |  |  |
Residential |  |  | 15,415 |  |  |  | 14,395 |
Commercial |  |  | - |  |  |  | - |
Total |  | $ | 21,915 |  |  | $ | 21,182 |
The contractual maturities of the debt securities, municipal bonds and certain information regarding the mortgage-backed securities held-to-maturity at September 30, 2025 are summarized in the following table:
|  | September 30, 2025 |
|  | Amortized |  |  | Fair |
|  | Cost |  |  | Value |
|  | (In thousands) |
Due within 1 year |  | $ | 1,500 |  |  | $ | 1,465 |
Due after 1 but within 5 years |  |  | 13,268 |  |  |  | 12,643 |
Due after 5 but within 10 years |  |  | 1,112 |  |  |  | 970 |
Due after 10 years |  |  | - |  |  |  | - |
Total debt securities |  |  | 15,880 |  |  |  | 15,078 |
Mortgage backed securities: |  |  |  |  |  |  |  |
Residential |  |  | 47,473 |  |  |  | 42,167 |
Commercial |  |  | 3,913 |  |  |  | 3,915 |
Total |  | $ | 67,266 |  |  | $ | 61,160 |
Schedule of Unrealized Losses for which an Allowance for Credit Loss | Details of available-for-sale securities with unrealized losses for which an allowance for credit losses has not been recorded at September 30, 2025 and 2024 are as follows:
|  |  |  |  | Less Than 12 Months |  |  | 12 Months Or Greater |  |  | Total |
|  | Number of |  |  | Fair |  |  | Unrealized |  |  | Fair |  |  | Unrealized |  |  | Fair |  |  | Unrealized |
|  | Securities |  |  | Value |  |  | Losses |  |  | Value |  |  | Losses |  |  | Value |  |  | Losses |
|  | (Dollars in thousands) |
September 30, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Obligations of U.S. government agencies: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities - residential |  |  | 1 |  |  | $ | - |  |  | $ | - |  |  | $ | 82 |  |  | $ | (8 | ) |  | $ | 82 |  |  | $ | (8 | )
Obligations of U.S. government-sponsored enterprises |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities - residential |  |  | 7 |  |  |  | - |  |  |  | - |  |  |  | 6,728 |  |  |  | (1,082 | ) |  |  | 6,728 |  |  |  | (1,082 | )
Total |  |  | 8 |  |  | $ | - |  |  | $ | - |  |  | $ | 6,810 |  |  | $ | (1,090 | ) |  | $ | 6,810 |  |  | $ | (1,090 | )
September 30, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Obligations of U.S. government agencies: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities - residential |  |  | 1 |  |  | $ | - |  |  | $ | - |  |  | $ | 88 |  |  | $ | (6 | ) |  | $ | 88 |  |  | $ | (6 | )
Obligations of U.S. government-sponsored enterprises |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities - residential |  |  | 8 |  |  |  | - |  |  |  | - |  |  |  | 7,550 |  |  |  | (1,202 | ) |  |  | 7,550 |  |  |  | (1,202 | )
Total |  |  | 9 |  |  | $ | - |  |  | $ | - |  |  | $ | 7,638 |  |  | $ | (1,208 | ) |  | $ | 7,638 |  |  | $ | (1,208 | )
Schedule of Amortized Cost of Held-to-Maturity Debt Securities | The following table summarizes the amortized cost of held-to-maturity debt securities at September 30, 2025 and 2024, aggregated by credit quality indicator:
|  | Credit Rating at Amortized Cost |
|  | AAA/AA/A |  |  | BBB/BB/B |  |  | Non-rated |
|  | (In thousands) |
September 30, 2025 |  |  |
Obligations of U.S. government agencies: |  |  |  |  |  |  |  |  |
Mortgage-backed securities - residential |  | $ | 6,558 |  |  | $ | - |  |  | $ | - |
Mortgage-backed securities - commercial |  |  | 3,913 |  |  |  | - |  |  |  | - |
Obligations of U.S. government-sponsored enterprises: |  |  |  |  |  |  |  |  |  |  |  |
Mortgage backed securities - residential |  |  | 40,741 |  |  |  | - |  |  |  | - |
Debt securities |  |  | 9,449 |  |  |  | - |  |  |  | - |
Private label mortgage-backed securities - residential |  |  | 174 |  |  |  | - |  |  |  | - |
Obligations of state and political subdivisions |  |  | 3,431 |  |  |  | - |  |  |  | - |
Corporate securities |  |  | - |  |  |  | 3,000 |  |  |  | - |
Totals |  | $ | 64,266 |  |  | $ | 3,000 |  |  | $ | - |
September 30, 2024 |  |  |  |  |  |  |  |  |  |  |  |
Obligations of U.S. government agencies: |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities - residential |  | $ | 7,209 |  |  | $ | - |  |  | $ | - |
Mortgage-backed securities - commercial |  |  | 4,268 |  |  |  | - |  |  |  | - |
Obligations of U.S. government-sponsored enterprises: |  |  |  |  |  |  |  |  |  |  |  |
Mortgage backed securities - residential |  |  | 42,701 |  |  |  | - |  |  |  | - |
Debt securities |  |  | 19,000 |  |  |  | - |  |  |  | - |
Private label mortgage-backed securities - residential |  |  | 190 |  |  |  | - |  |  |  | - |
Obligations of state and political subdivisions |  |  | 3,448 |  |  |  | - |  |  |  | - |
Corporate securities |  |  | - |  |  |  | 3,000 |  |  |  | - |
Totals |  | $ | 76,816 |  |  | $ | 3,000 |  |  | $ | - |

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