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FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK (Tables) | 3 Months Ended
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Dec. 31, 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 December 31, 2024 and September 30, 2024.
|  | Notional Amount |  |  | Average Maturity (Years) |  |  | Weighted Average Fixed Rate |  |  | Weighted Average Variable Rate |  | Fair Value |
|  | (Dollars in thousands) |
December 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Classified in Other Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer interest rate swaps |  | $ | 34,599 |  |  |  | 2.9 |  |  |  | 4.96% |  |  | 1 Mo. BSBY + 2.44 |  | $ | 1,510 |
Total |  | $ | 34,599 |  |  |  | 2.9 |  |  |  | 4.96% |  |  |  |  | $ | 1,510 |
Classified in Other Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
3rd Party interest rate swaps |  | $ | 34,599 |  |  |  | 2.9 |  |  |  | 4.96% |  |  | 1 Mo. BSBY + 2.44 |  | $ | 1,510 |
Total |  | $ | 34,599 |  |  |  | 2.9 |  |  |  | 4.96% |  |  |  |  | $ | 1,510 |
September 30, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Classified in Other Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer interest rate swaps |  | $ | 34,890 |  |  |  | 3.2 |  |  |  | 4.96% |  |  | 1 Mo. BSBY + 2.44 |  | $ | 1,405 |
Total |  | $ | 34,890 |  |  |  | 3.2 |  |  |  | 4.96% |  |  |  |  | $ | 1,405 |
Classified in Other Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
3rd Party interest rate swaps |  | $ | 34,890 |  |  |  | 3.2 |  |  |  | 4.96% |  |  | 1 Mo. BSBY + 2.44 |  | $ | 1,405 |
Total |  | $ | 34,890 |  |  |  | 3.2 |  |  |  | 4.96% |  |  |  |  | $ | 1,405 |
Schedule of Financial Instruments with Off-Balance-Sheet Risk | The Company is a party to financial instruments with off-balance-sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments are commitments to extend credit and are summarized in the below table. Those instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amounts recognized in the Consolidated Balance Sheets.
|  | December 31, |  |  | September 30, |
|  | 2024 |  |  | 2024 |
|  | (In thousands) |
Financial instruments whose contract amounts |  |  |  |  |  |  |  |
represent credit risk |  |  |  |  |  |  |  |
Letters of credit |  | $ | 735 |  |  | $ | 620 |
Unused lines of credit |  |  | 74,838 |  |  |  | 88,272 |
Fixed rate loan commitments |  |  | 5,554 |  |  |  | 1,804 |
Variable rate loan commitments |  |  | 62,086 |  |  |  | 26,843 |
Total |  | $ | 143,213 |  |  | $ | 117,539 |

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