XML 48 R32.htm IDEA: XBRL DOCUMENT v3.25.3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Sep. 30, 2025
Summary of Significant Accounting Policies [Abstract]  
Schedule of Basic and Diluted Earnings Per Share Basic and diluted earnings per share were calculated by dividing net income by the weighted-average number of shares outstanding for the periods.
   Years Ended September 30, 
   2025   2024 
   (Dollars in thousands, except share and per share data) 
Income applicable to common shares  $9,760   $7,783 
Weighted average shares outstanding - basic   6,221,921    6,341,610 
Effect of dilutive shares   17,757    
-
 
Weighted average shares outstanding - diluted   6,239,678    6,341,610 
Earnings per share - basic  $1.57   $1.23 
Earnings per share - diluted  $1.56   $1.23 
Schedule of Comprehensive Income The other items allocated to comprehensive income, as well as the related income tax effects, for the years ended September 30, 2025 and 2024 were as follows:
   Years Ended September 30, 
   2025   2024 
           Net of           Net of 
   Before Tax   Tax   Tax   Before Tax   Tax   Tax 
   Amount   Expense (1)   Amount   Amount   Expense (1)   Amount 
   (In thousands) 
Unrealized holding gain arising during period on:                        
Available-for-sale investments  $398   $(98)  $300   $834   $(205)  $629 
Defined benefit pension plan   122    (37)   85    297    (91)   206 
Total unrealized holding gain arising during period   520    (135)   385    1,131    (296)   835 
Reclassification of pension costs   11    (3)   8    53    (15)   38 
Other comprehensive income, net  $531   $(138)  $393   $1,184   $(311)  $873 
(1)Related income tax expense or benefit calculated using an income tax rate approximating 25% for available-for-sale  investments and 28% for pension plan.
Schedule of Accumulated Other Comprehensive Loss

Details about the reclassification of accumulated other comprehensive loss components and the affected line item in the Consolidated Statements of Income for the years ended September 30, 2025 and 2024 were as follows:

 

   Amount Reclassified From    
   Accumulated Other Comprehensive Income    
   For the Years Ended
September 30,		   Affected Line Item in the
   2025   2024   Consolidated Statements of Income
   (In thousands)    
Defined benefit pension plan (1)           
Amortization of net gain and prior service costs  $11   $53   Other expenses
Related income tax benefit   (3)   (15)  Income taxes
Net effect on accumulated other comprehensive loss   8    38    
Total reclassification  $8   $38    
(1)For additional details related to the defined benefit pension plan, see Note L- Pension Plan.
Schedule Components of Accumulated Other Comprehensive Loss

The components of accumulated other comprehensive loss for the years ended September 30, 2025 and 2024 were as follows:

 

   September 30, 
   2025   2024 
   (In thousands) 
Available-for-sale investments, net of tax  $(553)  $(853)
Defined benefit pension plan, net of tax   30    (63)
Total accumulated other comprehensive loss  $(523)  $(916)