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Loans Receivable and Allowance for Loan Losses (Tables)
 12 Months Ended
Sep. 30, 2024
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]  
Schedule of Loans Receivable and Loans Held for Sale
Loans receivable by portfolio segment consisted of the following at September 30, 2024 and 2023 (dollars in thousands):

 20242023
Mortgage loans:  
One- to four-family$299,123 $253,227 
Multi-family177,350 127,176 
Commercial599,219 568,265 
Construction – custom and owner/builder132,101 129,699 
Construction – speculative one- to four-family11,495 17,099 
Construction – commercial29,463 51,064 
Construction – multi-family28,401 57,140 
Construction – land development17,741 18,841 
Land29,366 26,726 
     Total mortgage loans
1,324,259 1,249,237 
Consumer loans:  
Home equity and second mortgage47,913 38,281 
Other3,129 2,772 
     Total consumer loans
51,042 41,053 
Commercial loans:
Commercial business138,743 135,802 
SBA Paycheck Protection Program ("PPP") 260 466 
     Total commercial loans139,003 136,268 
      Total loans receivable
1,514,304 1,426,558 
Less:  
Undisbursed portion of construction loans in process69,878 103,194 
Deferred loan origination fees, net5,425 5,242 
Allowance for credit losses17,478 15,817 
 92,781 124,253 
Loans receivable, net$1,421,523 $1,302,305 
Schedule of Activity in Related Party Loans Activity in related party loans during the years ended September 30, 2024, 2023 and 2022 was as follows (dollars in thousands):
 202420232022
Balance, beginning of year$102 $50 $466 
New loans or borrowings623 61 40 
Repayments and reclassifications(198)(9)(456)
Balance, end of year$527 $102 $50 
Financing Receivable Credit Quality Indicators
The following table sets forth the Company's loan portfolio at September 30, 2024 by risk attribute and year of origination as well as current period gross charge-offs (dollars in thousands):
Term Loans Amortized Cost Basis by Origination Fiscal Year
Type20242023202220212020PriorRevolving LoansTotal Loans Receivable
One-to four-family
Risk Rating
Pass$12,941 $66,671 $113,834 $48,120 $19,053 $36,659 $— $297,278 
Watch— 1,796 — — — — — 1,796 
Substandard— — — — — 49 — 49 
Total one- to four-family$12,941 $68,467 $113,834 $48,120 $19,053 $36,708 $— $299,123 
Multi-family
Risk Rating
Pass$13,136 $19,440 $39,673 $33,144 $27,029 $43,759 $1,169 $177,350 
Total multi-family$13,136 $19,440 $39,673 $33,144 $27,029 $43,759 $1,169 $177,350 
Commercial real estate
Risk Rating
Pass$23,758 $73,005 $126,939 $91,035 $55,498 $194,273 $8,799 $573,307 
Watch— 944 — — 4,201 10,548 — 15,693 
Special Mention— — — — — 4,401 — 4,401 
Substandard— — — — — 5,818 — 5,818 
Total commercial real estate$23,758 $73,949 $126,939 $91,035 $59,699 $215,040 $8,799 $599,219 
Construction-custom & owner/builder
Risk Rating
Pass$38,303 $29,159 $778 $— $— $— $— $68,240 
Watch221 3,239 5,848 2,861 429 436 — 13,034 
Total construction-customer & owner/builder$38,524 $32,398 $6,626 $2,861 $429 $436 $— $81,274 
Construction-speculative one-to four-family
Risk Rating
Pass$5,039 $2,412 $— $— $— $— $— $7,451 
Total construction-speculative one-to four-family$5,039 $2,412 $— $— $— $— $— $7,451 
Construction-commercial
Risk Rating
Pass$6,006 $16,349 $1,457 $— $— $— $— $23,812 
Total construction-commercial$6,006 $16,349 $1,457 $— $— $— $— $23,812 
Term Loans Amortized Cost Basis by Origination Fiscal Year
Type20242023202220212020PriorRevolving LoansTotal Loans Receivable
Construction-multi-family
Risk Rating
Pass$588 $20,169 $— $— $— $— $— $20,757 
Total construction-multi-family$588 $20,169 $— $— $— $— $— $20,757 
Construction-land development
Risk Rating
Pass$1,673 $2,807 $— $— $— $— $— $4,480 
Watch$— $— $11,549 $— $— $— $— $11,549 
Total construction-land development$1,673 $2,807 $11,549 $— $— $— $— $16,029 
Land
Risk Rating
Pass$10,287 $4,828 $6,588 $4,004 $766 $1,954 $458 $28,885 
Watch— — — — — 481 — 481 
Total land$10,287 $4,828 $6,588 $4,004 $766 $2,435 $458 $29,366 
Home equity
Risk Rating
Pass$5,820 $4,716 $1,990 $252 $573 $2,097 $31,766 $47,214 
Substandard— — — — — 81 618 699 
Total home equity$5,820 $4,716 $1,990 $252 $573 $2,178 $32,384 $47,913 
Other consumer
Risk Rating
Pass$1,744 $441 $241 $57 $8 $501 $71 $3,063 
Watch— — — — — 65 1 66 
Total other consumer$1,744 $441 $241 $57 $8 $566 $72 $3,129 
Current period gross write-offs$6 $1 $— $— $— $— $2 $9 
Commercial business
Risk Rating
Pass$16,129 $19,910 $35,117 $8,588 $7,589 $4,775 $43,444 $135,552 
Watch— — 202 36 696 6 180 1,120 
Substandard— 1,352 — — — 517 — 1,869 
   Doubtful — 202 — — — — — 202 
Total commercial business$16,129 $21,464 $35,319 $8,624 $8,285 $5,298 $43,624 $138,743 
Current period gross write-offs$— $79 $— $— $— $13 $— $92 
SBA PPP
Risk Rating
Pass$— $— $— $224 $36 $— $— $260 
Total SBA PPP$— $— $— $224 $36 $— $— $260 
Term Loans Amortized Cost Basis by Origination Fiscal Year
Type20242023202220212020PriorRevolving LoansTotal Loans Receivable
Total loans receivable, gross (net of construction LIP)
Risk Rating
Pass$135,424 $259,907 $326,617 $185,424 $110,552 $284,018 $85,707 $1,387,649 
Watch221 5,979 17,599 2,897 5,326 11,536 181 43,739 
Special Mention— — — — — 4,401 — 4,401 
Substandard— 1,352 — — — 6,465 618 8,435 
 Doubtful— 202 — — — — — 202 
Total loans receivable$135,645 $267,440 $344,216 $188,321 $115,878 $306,420 $86,506 $1,444,426 
Current period gross charge-off$6 $80 $— $— $— $13 $2 $101 
The following table presents an analysis of loans by credit quality indicator and portfolio segment at September 30, 2023 (dollars in thousands):
 Loan Grades
 PassWatchSpecial MentionSubstandardTotal
Mortgage loans:     
One- to four-family$252,859 $— $— $368 $253,227 
Multi-family127,176 — — — 127,176 
Commercial551,669 11,143 — 5,453 568,265 
Construction – custom and owner / builder68,181 5,058 — — 73,239 
Construction – speculative one- to four-family9,361 — — — 9,361 
Construction – commercial25,063 967 — — 26,030 
Construction – multi-family45,890 — — — 45,890 
Construction – land development16,129 — — — 16,129 
Land26,226 500 — — 26,726 
Consumer loans:
Home equity and second mortgage37,982 34 — 265 38,281 
Other2,716 56 — — 2,772 
Commercial business loans135,502 — — 300 135,802 
SBA PPP loans466 — — — 466 
        Total
$1,299,220 $17,758 $— $6,386 $1,323,364 
Schedule of Allowance for Loan Losses
The following table sets forth information for the year ended September 30, 2024 regarding activity in the ACL by portfolio segment (dollars in thousands):

 Beginning
Allowance		Impact of Adopting CECL (ASU 2016-13)Provision for (Recapture of) Credit LossesCharge-
offs		RecoveriesEnding
Allowance
Mortgage loans:     
  One- to four-family$2,417 $(408)$580 $— $43 $2,632 
  Multi-family1,156 (120)272 — — 1,308 
  Commercial7,209 (494)219 — — 6,934 
  Construction – custom and owner/builder750 542 36 — — 1,328 
  Construction – speculative one- to four-family148 (16)(4)— — 128 
  Construction – commercial316 176 45 — — 537 
  Construction – multi-family602 204 (350)— — 456 
  Construction – land development274 25 36 — — 335 
  Land406 318 69 — — 793 
Consumer loans:
  Home equity and second mortgage519 (243)72 — — 348 
  Other53 (7)2 (9)— 39 
Commercial business loans1,967 484 277 (92)4 2,640 
   Total
$15,817 $461 $1,254 $(101)$47 $17,478 
The following table sets forth information for the year ended September 30, 2023 regarding activity in the allowance for loan losses by portfolio segment (dollars in thousands):

 Beginning
Allowance		Provision for (Recapture of) Loan LossesCharge-
offs		RecoveriesEnding
Allowance
Mortgage loans:     
  One- to four-family$1,658 $759 $— $— $2,417 
  Multi-family855 301 — — 1,156 
  Commercial6,682 527 — — 7,209 
  Construction – custom and owner/builder675 75 — — 750 
  Construction – speculative one- to four-family130 18 — — 148 
  Construction – commercial343 (27)— — 316 
  Construction – multi-family447 155 — — 602 
  Construction – land development233 41 — — 274 
  Land397 9 — — 406 
Consumer loans:
  Home equity and second mortgage440 79 — — 519 
  Other42 14 (4)1 53 
Commercial business loans1,801 181 (15)— 1,967 
   Total
$13,703 $2,132 $(19)$1 $15,817 


The following table sets forth the information for the year ended September 30, 2022 regarding activity in the allowance for loan losses by portfolio (dollars in thousands):
 Beginning
Allowance		Provision for (Recapture of) Loan LossesCharge-
offs		RecoveriesEnding
Allowance
Mortgage loans:     
  One- to four-family$1,154 $504 $— $— $1,658 
  Multi-family765 90 — — 855 
  Commercial6,813 (131)— — 6,682 
  Construction – custom and owner/builder644 31 — — 675 
  Construction – speculative one- to four-family188 (58)— — 130 
  Construction – commercial784 (441)— — 343 
  Construction – multi-family436 11 — — 447 
  Construction – land development124 109 — — 233 
  Land470 (73)— — 397 
Consumer loans:
  Home equity and second mortgage528 (88)— — 440 
  Other50 1 (10)1 42 
Commercial business loans1,513 315 (49)22 1,801 
   Total
$13,469 $270 $(59)$23 $13,703 
Schedule of Loans Evaluated Individually for Impairment and Collectively Evaluated for Impairment in the Allowance for Loan Losses
The following table presents information on loans evaluated individually and collectively for impairment in the allowance for loan losses by portfolio segment at September 30, 2023 (dollars in thousands) prior to the adoption of ASU 2016-13:

 Allowance for Loan LossesRecorded Investment in Loans
 Individually
Evaluated for
Impairment		Collectively
Evaluated for
Impairment		TotalIndividually
Evaluated for
Impairment		Collectively
Evaluated for
Impairment		Total
Mortgage loans:      
One- to four-family
$— $2,417 $2,417 $368 $252,859 $253,227 
Multi-family
— 1,156 1,156 — 127,176 127,176 
Commercial
— 7,209 7,209 2,973 565,292 568,265 
Construction – custom and owner/ builder
— 750 750 — 73,239 73,239 
Construction – speculative one- to four-family
— 148 148 — 9,361 9,361 
Construction – commercial
— 316 316 — 26,030 26,030 
Construction – multi-family
— 602 602 — 45,890 45,890 
Construction – land development
— 274 274 — 16,129 16,129 
Land
— 406 406 — 26,726 26,726 
Consumer loans:
Home equity and second mortgage
— 519 519 382 37,899 38,281 
Other
— 53 53 — 2,772 2,772 
Commercial business loans123 1,844 1,967 286 135,516 135,802 
SBA PPP loans— — — — 466 466 
     Total$123 $15,694 $15,817 $4,009 $1,319,355 $1,323,364 
Past Due Status of Loans Receivable
The following table presents an analysis of loans by aging category and portfolio segment at September 30, 2024 (dollars in thousands):
 30-59
Days
Past Due		60-89
Days
Past Due		Non-
Accrual(1)		Past Due
90 Days
or More
and Still
Accruing		Total
Past Due		CurrentTotal
Loans
Mortgage loans:       
One- to four-family
$— $— $49 $— $49 $299,074 $299,123 
Multi-family
— — — — — 177,350 177,350 
Commercial
— — 1,158 — 1,158 598,061 599,219 
Construction – custom and owner/ builder
— — — — — 81,274 81,274 
Construction – speculative one- to four-family
— — — — — 7,451 7,451 
Construction – commercial
— — — — — 23,812 23,812 
Construction – multi-family
— — — — — 20,757 20,757 
Construction – land development
— — — — — 16,029 16,029 
Land
— — — — — 29,366 29,366 
Consumer loans:
Home equity and second mortgage
— — 618 — 618 47,295 47,913 
Other
— 1 — — 1 3,128 3,129 
Commercial business loans424 169 2,060 — 2,653 136,090 138,743 
SBA PPP loans— — — — — 260 260 
   Total
$424 $170 $3,885 $— $4,479 $1,439,947 $1,444,426 
__________________
(1)Includes non-accrual loans past due 90 days or more and other loans classified as non-accrual.
The following table presents an analysis of loans by aging category and portfolio segment at September 30, 2023 (dollars in thousands):
 30-59
Days
Past Due		60-89
Days
Past Due		Non-
Accrual(1)		Past Due
90 Days
or More
and Still
Accruing		Total
Past Due		CurrentTotal
Loans
Mortgage loans:       
One- to four-family
$— $— $368 $— $368 $252,859 $253,227 
Multi-family
— — — — — 127,176 127,176 
Commercial
— — 683 — 683 567,582 568,265 
Construction – custom and owner/ builder
151 — — — 151 73,088 73,239 
Construction – speculative one- to four-family
— — — — — 9,361 9,361 
Construction – commercial
— — — — — 26,030 26,030 
Construction – multi-family
— — — — — 45,890 45,890 
Construction – land development
— — — — — 16,129 16,129 
Land
— — — — — 26,726 26,726 
Consumer loans:— 
Home equity and second mortgage
— — 177 — 177 38,104 38,281 
Other
— — — — — 2,772 2,772 
Commercial business loans— — 286 — 286 135,516 135,802 
SBA PPP loans— — — — — 466 466 
   Total
$151 $— $1,514 $— $1,665 $1,321,699 $1,323,364 
___________________
(1)Includes non-accrual loans past due 90 days or more and other loans classified as non-accrual.
Impaired Financing Receivables The following table is a summary of the amortized cost of collateral dependent non-accrual loans as of September 30, 2024 (in thousands):
Recorded InvestmentRelated ACL
Mortgage loans:
One- to four- family$49 $— 
Commercial1,158 — 
Construction - custom and owner/builder— — 
Consumer loans:
Home equity and second mortgage618 — 
Commercial business loans2,060 506 
Total$3,885 $506 
The following table is a summary of information related to impaired loans by portfolio segment as of and for the year ended September 30, 2023 (dollars in thousands):
 September 30, 2023For the Year Ended September 30, 2023
 Recorded
Investment		Unpaid Principal
Balance (Loan
Balance Plus
Charge Off)		Related
Allowance		Average
Recorded
Investment		Interest
Income
Recognized		Cash Basis
Interest
Income
Recognized
With no related allowance recorded:      
Mortgage loans:      
One- to four-family$368 $412 $— $378 $29 $29 
Commercial2,973 2,973 — 2,987 167 129 
Land— — — 297 5 4 
Consumer loans:    
Home equity and second mortgage382 382 — 390 12 10 
Other— — — 1 — — 
Commercial business loans41 90 — 49 — — 
        Subtotal
3,764 3,857 — 4,102 213 172 
With an allowance recorded:      
Commercial business loans245 245 123 247 — — 
       Subtotal
245 245 123 247 — — 
Total:      
Mortgage loans:      
One- to four-family368 412 — 378 29 29 
Commercial2,973 2,973 — 2,987 167 129 
Land— — — 297 5 4 
Consumer loans:     
Home equity and second mortgage382 382 — 390 12 10 
Other— — — 1 — — 
Commercial business loans286 335 123 296 — — 
     Total
$4,009 $4,102 $123 $4,349 $213 $172 
The following table is a summary of information related to impaired loans by portfolio segment as of and for the year ended September 30, 2022 (dollars in thousands):
 September 30, 2022For the Year Ended September 30, 2022
 Recorded
Investment		Unpaid Principal
Balance (Loan
Balance Plus
Charge Off)		Related
Allowance		Average
Recorded
Investment		Interest
Income
Recognized		Cash Basis
Interest
Income
Recognized
With no related allowance recorded:      
Mortgage loans:      
One- to four-family$388 $432 $— $470 $31 $31 
Commercial2,988 2,988 — 3,041 152 123 
Land450 450 — 492 — — 
Consumer loans:    
Home equity and second mortgage394 394 — 436 6 5 
Other3 3 — 7 — — 
Commercial business loans59 108 — 121 — — 
        Subtotal
4,282 4,375 — 4,567 189 159 
With an allowance recorded:      
Consumer loans:      
Home equity and second mortgage— — — 145 — — 
Commercial business loans250 250 127 268 — — 
       Subtotal
250 250 127 413 — — 
Total:      
Mortgage loans:      
One- to four-family388 432 — 470 31 31 
Commercial2,988 2,988 — 3,041 152 123 
Land450 450 — 492 — — 
Consumer loans:     
Home equity and second mortgage394 394 — 581 6 5 
Other3 3 — 7 — — 
Commercial business loans309 358 127 389 — — 
     Total
$4,532 $4,625 $127 $4,980 $189 $159