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FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK (Tables)

3 Months Ended

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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Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

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Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined) which are not recognized in the financial statements (off-balance sheet) because they fail to meet some other criterion for recognition.

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