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INVESTMENT SECURITIES (Tables)
 6 Months Ended
Mar. 31, 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 March 31, 2025:

 

   March 31, 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  $92   $
—
   $(9)  $
—
   $83 
Obligations of U.S. government-sponsored enterprises:                         
Mortgage-backed securities-residential   16,357    51    (1,245)   
—
    15,163 
Corporate securities   4,000    99    
—
    
—
    4,099 
Total securities available-for-sale  $20,449   $150   $(1,254)  $
—
   $19,345 
Securities held-to-maturity:                         
Obligations of U.S. government agencies:                         
Mortgage-backed securities - residential  $6,901   $
—
   $(699)  $
—
   $6,202 
Mortgage-backed securities - commercial   4,051    38    (34)   
—
    4,055 
Obligations of U.S. government-sponsored enterprises:                         
Mortgage backed securities - residential   42,564    2    (5,576)   
—
    36,990 
Debt securities   14,500    
—
    (675)   
—
    13,825 
Private label mortgage-backed securities - residential   183    
—
    (5)   
—
    178 
Obligations of state and political subdivisions   3,439    
—
    (428)   
—
    3,011 
Corporate securities   3,000    
—
    (140)   
—
    2,860 
Total securities held-to-maturity  $74,638   $40   $(7,557)  $
—
   $67,121 
Total investment securities  $95,087   $190   $(8,811)  $
—
   $86,466 

 

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 March 31, 2025 and September 30, 2024, aggregated by credit quality indicator:
   Credit Rating at Amortized Cost 
   AAA/AA/A   BBB/BB/B   Non-rated 
March 31, 2025  (In thousands) 
Securities held-to-maturity:               
Obligations of U.S. government agencies:               
Mortgage-backed securities - residential  $6,901   $
—
   $
—
 
Mortgage-backed securities - commercial   4,051    
—
    
—
 
Obligations of U.S. government-sponsored enterprises:               
Mortgage backed securities - residential   42,564    
—
    
—
 
Debt securities   14,500    
—
    
—
 
Private label mortgage-backed securities - residential   183    
—
    
—
 
Obligations of state and political subdivisions   3,439    
—
    
—
 
Corporate securities   3,000    
—
    
—
 
Totals  $74,638   $
—
   $
—
 
   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 March 31, 2025 are summarized in the following table:

 

   March 31, 2025 
   Amortized   Fair 
   Cost   Value 
Securities available-for-sale  (In thousands) 
Debt securities:        
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   16,449    15,246 
Commercial   
—
    
—
 
Total mortgage-backed securities   16,449    15,246 
Total securities available-for-sale  $20,449   $19,345 
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 March 31, 2025 are summarized in the following table:

 

   March 31, 2025 
   Amortized   Fair 
   Cost   Value 
Securities held-to-maturity  (In thousands) 
Debt securities:          
Due within 1 year  $5,000   $4,955 
Due after 1 but within 5 years   14,477    13,547 
Due after 5 but within 10 years   1,462    1,194 
Due after 10 years   
—
    
—
 
Total debt securities   20,939    19,696 
           
Mortgage backed securities:          
Residential   49,648    43,370 
Commercial   4,051    4,055 
Total mortgage-backed securities   53,699    47,425 
Total securities held-to-maturity  $74,638   $67,121