INVESTMENT SECURITIES (Tables)

9 Months Ended

Jun. 30, 2018

Investments, Debt and Equity Securities [Abstract]

Summary of the amortized cost and fair values of securities available for sale

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

Summary of maturities of the debt securities and mortgage-backed securities available for sale

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

Summary of the amortized cost and fair values of securities held to maturity

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

Summary of maturities of the debt securities and mortgage-backed securities securities held to maturity

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