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INVESTMENT SECURITIES (Tables)
 3 Months Ended
Dec. 31, 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 December 31, 2024:

   December 31, 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  $93   $
—
   $(11)  $
—
   $82 
Obligations of U.S. government-sponsored enterprises:                         
Mortgage-backed securities-residential   14,621    34    (1,490)   
—
    13,165 
Corporate securities   4,000    99    
—
    
—
    4,099 
Total securities available-for-sale  $18,714   $133   $(1,501)  $
—
   $17,346 
Securities held-to-maturity:                         
Obligations of U.S. government agencies:                         
Mortgage-backed securities - residential  $7,051   $
—
   $(817)  $
—
   $6,234 
Mortgage-backed securities - commercial   4,182    
—
    (42)   
—
    4,140 
Obligations of U.S. government-sponsored enterprises:                         
Mortgage backed securities - residential   43,780    2    (6,527)   
—
    37,255 
Debt securities   19,000    
—
    (873)   
—
    18,127 
Private label mortgage-backed securities - residential   187    
—
    (7)   
—
    180 
Obligations of state and political subdivisions   3,444    
—
    (428)   
—
    3,016 
Corporate securities   3,000    
—
    (140)   
—
    2,860 
Total securities held-to-maturity  $80,644   $2   $(8,834)  $
—
   $71,812 
Total investment securities  $99,358   $135   $(10,335)  $
—
   $89,158 

 

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 
The following tables summarize the amortized cost of held-to-maturity debt securities at December 31, 2024 and September 30, 2024, aggregated by credit quality indicator:
   Credit Rating at Amortized Cost 
   AAA/AA/A   BBB/BB/B   Non-rated 
December 31, 2024  (In thousands) 
Securities held-to-maturity:               
Obligations of U.S. government agencies:               
Mortgage-backed securities - residential  $7,051   $
—
   $
—
 
Mortgage-backed securities - commercial   4,182    
—
    
—
 
Obligations of U.S. government-sponsored enterprises:               
Mortgage backed securities - residential   43,780    
—
    
—
 
Debt securities   19,000    
—
    
—
 
Private label mortgage-backed securities - residential   187    
—
    
—
 
Obligations of state and political subdivisions   3,444    
—
    
—
 
Corporate securities   3,000    
—
    
—
 
Totals  $80,644   $
—
   $
—
 

  

   Credit Rating at Amortized Cost 
   AAA/AA/A   BBB/BB/B   Non-rated 
   (In thousands) 
September 30, 2024        
Securities held to maturity:               
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    
—
    
—
 
Total held to maturity debt securities  $79,816   $
—
   $
—
 
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 available-for-sale at December 31, 2024 are summarized in the following table:

   December 31, 2024 
   Amortized   Fair 
   Cost   Value 
   (In thousands) 
Due within 1 year  $
—
   $
—
 
Due after 1 but within 5 years   
—
    
—
 
Due after 5 but within 10 years   4,000    4,099 
Due after 10 years   
—
    
—
 
Total debt securities   4,000    4,099 
           
Mortgage-backed securities:          
Residential   14,714    13,247 
Commercial   
—
    
—
 
Total  $18,714   $17,346 
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 held-to-maturity at December 31, 2024 are summarized in the following table:

 

   December 31, 2024 
   Amortized   Fair 
   Cost   Value 
   (In thousands) 
Due within 1 year  $9,500   $9,403 
Due after 1 but within 5 years   12,176    11,413 
Due after 5 but within 10 years   3,768    3,187 
Due after 10 years   
—
    
—
 
Total debt securities   25,444    24,003 
           
Mortgage backed securities:          
Residential   51,018    43,669 
Commercial   4,182    4,140 
Total  $80,644   $71,812