XML 26 R15.htm IDEA: XBRL DOCUMENT
v3.25.2

INVESTMENT SECURITIES | 9 Months Ended
--- | ---
Jun. 30, 2025
Investment Securities [Abstract] |
INVESTMENT SECURITIES | NOTE G - INVESTMENT SECURITIES The following table summarizes the amortized cost and fair values of securities classified as available-for-sale and held-to-maturity at June 30, 2025:
|  | June 30, 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 |  | $ | 91 |  |  | $ | — |  |  | $ | (9 | ) |  | $ | — |  |  | $ | 82 |
Obligations of U.S. government-sponsored enterprises: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities-residential |  |  | 16,003 |  |  |  | 62 |  |  |  | (1,189 | ) |  |  | — |  |  |  | 14,876 |
Corporate securities |  |  | 6,500 |  |  |  | 146 |  |  |  | — |  |  |  | — |  |  |  | 6,646 |
Total securities available-for-sale |  | $ | 22,594 |  |  | $ | 208 |  |  | $ | (1,198 | ) |  | $ | — |  |  | $ | 21,604 |
Securities held-to-maturity: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Obligations of U.S. government agencies: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities - residential |  | $ | 6,781 |  |  | $ | — |  |  | $ | (687 | ) |  | $ | — |  |  | $ | 6,094 |
Mortgage-backed securities - commercial |  |  | 4,024 |  |  |  | 19 |  |  |  | (7 | ) |  |  | — |  |  |  | 4,036 |
Obligations of U.S. government-sponsored enterprises: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage backed securities - residential |  |  | 41,601 |  |  |  | 1 |  |  |  | (5,219 | ) |  |  | — |  |  |  | 36,383 |
Debt securities |  |  | 10,500 |  |  |  | — |  |  |  | (560 | ) |  |  | — |  |  |  | 9,940 |
Private label mortgage-backed securities - residential |  |  | 179 |  |  |  | — |  |  |  | (3 | ) |  |  | — |  |  |  | 176 |
Obligations of state and political subdivisions |  |  | 3,435 |  |  |  | 1 |  |  |  | (368 | ) |  |  | — |  |  |  | 3,068 |
Corporate securities |  |  | 3,000 |  |  |  | — |  |  |  | (106 | ) |  |  | — |  |  |  | 2,894 |
Total securities held-to-maturity |  | $ | 69,520 |  |  | $ | 21 |  |  | $ | (6,950 | ) |  | $ | — |  |  | $ | 62,591 |
Total investment securities |  | $ | 92,114 |  |  | $ | 229 |  |  | $ | (8,148 | ) |  | $ | — |  |  | $ | 84,195 |
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 Company monitors the credit quality of held-to-maturity debt securities, primarily through their credit ratings by nationally recognized statistical ratings organizations, on a quarterly basis. At June 30, 2025 and September 30, 2024, there were no non-performing held-to-maturity debt securities and no allowance for credit losses were required. The majority of the investment securities are explicitly or implicitly guaranteed by the United States government, and any estimate of expected credit losses would be insignificant to the Company. The following tables summarize the amortized cost of held-to-maturity debt securities at June 30, 2025 and September 30, 2024, aggregated by credit quality indicator:
|  | Credit Rating at Amortized Cost |
|  | AAA/AA/A |  |  | BBB/BB/B |  |  | Non-rated |
June 30, 2025 |  | (In thousands) |
Securities held-to-maturity: |  |  |  |  |  |  |  |  |  |  |  |
Obligations of U.S. government agencies: |  |  |  |  |  |  |  |  |  |  |  |
Mortgage-backed securities - residential |  | $ | 6,781 |  |  | $ | — |  |  | $ | — |
Mortgage-backed securities - commercial |  |  | 4,024 |  |  |  | — |  |  |  | — |
Obligations of U.S. government-sponsored enterprises: |  |  |  |  |  |  |  |  |  |  |  |
Mortgage backed securities - residential |  |  | 41,601 |  |  |  | — |  |  |  | — |
Debt securities |  |  | 10,500 |  |  |  | — |  |  |  | — |
Private label mortgage-backed securities - residential |  |  | 179 |  |  |  | — |  |  |  | — |
Obligations of state and political subdivisions |  |  | 3,435 |  |  |  | — |  |  |  | — |
Corporate securities |  |  | 3,000 |  |  |  | — |  |  |  | — |
Total securities held-to-maturity: |  | $ | 69,520 |  |  | $ | — |  |  | $ | — |
|  | 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 securities held-to-maturity: |  | $ | 79,816 |  |  | $ | — |  |  | $ | — |
The contractual maturities of debt securities, municipal bonds and certain information regarding mortgage-backed securities available-for-sale at June 30, 2025 are summarized in the following table:
|  | June 30, 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 |  |  | 6,500 |  |  |  | 6,646 |
Due after 10 years |  |  | — |  |  |  | — |
Total debt securities |  |  | 6,500 |  |  |  | 6,646 |
Mortgage-backed securities: |  |  |  |  |  |  |  |
Residential |  |  | 16,094 |  |  |  | 14,958 |
Commercial |  |  | — |  |  |  | — |
Total mortgage-backed securities |  |  | 16,094 |  |  |  | 14,958 |
Total securities available-for-sale |  | $ | 22,594 |  |  | $ | 21,604 |
The contractual maturities of debt securities, municipal bonds and certain information regarding mortgage-backed securities held-to-maturity at June 30, 2025 are summarized in the following table:
|  | June 30, 2025 |
|  | Amortized |  |  | Fair |
|  | Cost |  |  | Value |
Securities held-to-maturity |  | (In thousands) |
Debt securities: |  |  |  |  |  |  |  |
Due within 1 year |  | $ | 3,000 |  |  | $ | 2,994 |
Due after 1 but within 5 years |  |  | 12,474 |  |  |  | 11,683 |
Due after 5 but within 10 years |  |  | 1,461 |  |  |  | 1,225 |
Due after 10 years |  |  | — |  |  |  | — |
Total debt securities |  |  | 16,935 |  |  |  | 15,902 |
Mortgage backed securities: |  |  |  |  |  |  |  |
Residential |  |  | 48,561 |  |  |  | 42,653 |
Commercial |  |  | 4,024 |  |  |  | 4,036 |
Total mortgage-backed securities |  |  | 52,585 |  |  |  | 46,689 |
Total securities held-to-maturity |  | $ | 69,520 |  |  | $ | 62,591 |
As of June 30, 2025 and September 30, 2024, investment securities having a carrying amount of approximately $11.3 million and $12.5 million, respectively, were pledged to secure public deposits.

X
- References No definition available. + Details
Name: | us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for investments in certain debt and equity securities. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 940 -SubTopic 320 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/940-320/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-K (SK) -Number 229 -Section 1403 -Paragraph b -Publisher SEC Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/320/tableOfContent Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-10 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6B -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-6B Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6B -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-6B Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 320 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/942-320/tableOfContent + Details
Name: | us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration