INVESTMENT SECURITIES

9 Months Ended

Jun. 30, 2018

Investments, Debt and Equity Securities [Abstract]

INVESTMENT SECURITIES

NOTE H - INVESTMENT SECURITIES

The following tables summarize the amortized cost and fair values of securities available for sale at June 30, 2018 and September 30, 2017:

	June 30, 2018
			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
	(Dollars in thousands)
Securities available for sale:
Obligations of U.S. government agencies:
Mortgage-backed securities - residential	$	1,491	$	54	$	(2	)	$	1,543
Obligations of U.S. government-sponsored enterprises:
Mortgage-backed securities-residential		19,756		20		(582	)		19,194
Debt securities		2,500		—		(129	)		2,371
Private label mortgage-backed securities-residential		3		—		—			3
Total securities available for sale	$	23,750	$	74	$	(713	)	$	23,111

	September 30, 2017
			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
	(Dollars in thousands)
Securities available for sale:
Obligations of U.S. government-sponsored enterprises:
Mortgage-backed securities-residential	$	9,442	$	9	$	(125	)	$	9,326
Debt securities		2,500		—		(51	)		2,449
Private label mortgage-backed securities-residential		40		—		—			40
Total securities available for sale	$	11,982	$	9	$	(176	)	$	11,815

The maturities of the debt securities and mortgage-backed securities available for sale at June 30, 2018 are summarized in the following table:

	June 30, 2018
	Amortized		Fair
	Cost		Value
	(Dollars in thousands)
Due within 1 year	$	—	$	—
Due after 1 but within 5 years		1,500		1,411
Due after 5 but within 10 years		1,000		960
Due after 10 years		—		—
Total debt securities		2,500		2,371
Mortgage-backed securities:
Residential		21,250		20,740
Commercial		—		—
Total	$	23,750	$	23,111

The following tables summarize the amortized cost and fair values of securities held to maturity at June 30, 2018 and September 30, 2017:

	June 30, 2018
			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
	(Dollars in thousands)
Securities held to maturity:
Obligations of U.S. government agencies:
Mortgage-backed securities - residential	$	588	$	—	$	(94	)	$	494
Mortgage-backed securities - commercial		920		—		(10	)		910
Obligations of U.S. government-sponsored enterprises:
Mortgage-backed-securities - residential		26,959		4		(806	)		26,157
Debt securities		2,464		—		(108	)		2,356
Private label mortgage-backed securities - residential		411		1		(1	)		411
Corporate securities		3,000		—		(423	)		2,577
Total securities held to maturity	$	34,342	$	5	$	(1,442	)	$	32,905

	September 30, 2017
			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
	(Dollars in thousands)
Securities held to maturity:
Obligations of U.S. government agencies:
Mortgage-backed securities - residential	$	3,466	$	123	$	(96	)	$	3,493
Mortgage-backed securities - commercial		968		—		(10	)		958
Obligations of U.S. government-sponsored enterprises:
Mortgage backed securities - residential		39,016		349		(251	)		39,114
Debt securities		4,461		—		(24	)		4,437
Private label mortgage-backed securities - residential		457		—		(2	)		455
Corporate securities		3,000		—		(216	)		2,784
Total securities held to maturity	$	51,368	$	472	$	(599	)	$	51,241

The maturities of the debt securities and the mortgage backed securities held to maturity at June 30, 2018 are summarized in the following table:

	June 30, 2018
	Amortized		Fair
	Cost		Value
	(Dollars in  thousands)
Due within 1 year	$	—	$	—
Due after 1 but within 5 years		1,499		1,460
Due after 5 but within 10 years		3,000		2,577
Due after 10 years		965		896
Total debt securities		5,464		4,933
Mortgage-backed securities:
Residential		27,958		27,062
Commercial		920		910
Total	$	34,342	$	32,905