LOANS RECEIVABLE, NET AND RELATED ALLOWANCE FOR LOAN LOSSES (Tables)

9 Months Ended

Jun. 30, 2018

Loans Receivable, Net [Abstract]

Schedule of loans receivable, net

Loans receivable, net of allowance for loan losses, were comprised of the following:

	June 30,			September 30,
	2018			2017
	(Dollars in thousands)
One-to four-family residential	$	181,024		$	178,336
Commercial real estate		216,058			207,118
Construction		29,663			22,622
Home equity lines of credit		19,232			18,536
Commercial business		51,188			41,113
Other		5,493			6,266
Total loans receivable		502,658			473,991
Net deferred loan costs		145			177
Allowance for loan losses		(3,985	)		(3,475	)
Total loans receivable, net	$	498,818		$	470,693

Schedule of impaired loans

The following tables present impaired loans by class, segregated by those for which a specific allowance was required and charged-off and those for which a specific allowance was not necessary at nine months ended June 30, 2018 and September 30, 2017:

					Impaired
					Loans with
	Impaired Loans with				No Specific
	Specific Allowance				Allowance		Total Impaired Loans
									Unpaid
	Recorded		Related		Recorded		Recorded		Principal
At June 30, 2018	Investment		Allowance		Investment		Investment		Balance
	(Dollars in thousands)
One-to four-family residential	$	—	$	—	$	1,253	$	1,253	$	1,253
Commercial real estate		—		—		3,680		3,680		3,680
Home equity lines of credit		—		—		58		58		58
Commercial business		—		—		359		359		449
Total impaired loans	$	—	$	—	$	5,350	$	5,350	$	5,440

					Impaired
					Loans with
	Impaired Loans with				No Specific
	Specific Allowance				Allowance		Total Impaired Loans
									Unpaid
	Recorded		Related		Recorded		Recorded		Principal
At September 30, 2017	Investment		Allowance		Investment		Investment		Balance
	(Dollars in thousands)
One-to four-family residential	$	—	$	—	$	3,124	$	3,124	$	3,436
Commercial real estate		—		—		4,088		4,088		4,110
Commercial business		—		—		243		243		243
Total impaired loans	$	—	$	—	$	7,455	$	7,455	$	7,789

Schedule of average recorded investment in impaired loans

The following tables present the average recorded investment in impaired loans for the three and nine months ended June 30, 2018 and 2017. There was no interest income recognized on impaired loans during the nine months ended June 30, 2018.

	Three Months		Nine Months
	Ended June 30, 2018		Ended June 30, 2018
	(Dollars in thousands)
One-to four-family residential	$	1,878	$	2,360
Commercial real estate		3,661		3,771
Home equity lines of credit		29		15
Commercial business		361		332
Average investment in impaired loans	$	5,929	$	6,478

	Three Months		Nine Months
	Ended June 30, 2017		Ended June 30, 2017
	(Dollars in thousands)
One-to four-family residential	$	3,051	$	3,307
Commercial real estate		5,274		4,783
Home equity lines of credit		243		171
Commercial business		560		732
Other		12		12
Average investment in impaired loans	$	9,140	$	9,005

Schedule of loan portfolio summarized by Bank's internal risk rating system

The following table presents the classes of the loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the Bank’s internal risk rating system at the dates presented:

			Special
	Pass		Mention		Substandard		Doubtful		Total
	(Dollars in  thousands)
June 30, 2018
One-to four-family residential	$	180,486	$	—	$	538	$	—	$	181,024
Commercial real estate		212,692		1,068		2,298		—		216,058
Construction		27,275		—		2,388		—		29,663
Home equity lines of credit		19,174		—		58		—		19,232
Commercial business		50,708		357		123		—		51,188
Other		5,493		—		—		—		5,493
Total	$	495,828	$	1,425	$	5,405	$	—	$	502,658

			Special
	Pass		Mention		Substandard		Doubtful		Total
	(Dollars in  thousands)
September 30, 2017
One-to four-family residential	$	176,285	$	127	$	1,924	$	—	$	178,336
Commercial real estate		204,435		—		2,683		—		207,118
Construction		20,194		—		2,428		—		22,622
Home equity lines of credit		18,536		—		—		—		18,536
Commercial business		40,820		293		—		—		41,113
Other		6,266		—		—		—		6,266
Total	$	466,536	$	420	$	7,035	$	—	$	473,991

Schedule of aging analysis of past due loans, segregated by class of loans

The following table presents the classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans at the dates presented:

			30-59		60-89
			Days		Days		90 Days +		Total		Non-		Total
	Current		Past Due		Past Due		Past Due		Past Due		Accrual		Loans
	(Dollars in  thousands)
June 30, 2018
One-to four-family residential	$	180,774	$	—	$	—	$	250	$	250	$	250	$	181,024
Commercial real estate		214,842		—		759		457		1,216		148		216,058
Construction		29,663		—		—		—		—		—		29,663
Home equity lines of credit		19,181		—		—		51		51		51		19,232
Commercial business		50,561		147		357		123		627		123		51,188
Other		5,483		—		10		—		10		—		5,493
Total	$	500,504	$	147	$	1,126	$	881	$	2,154	$	572	$	502,658

			30-59		60-89
			Days		Days		90 Days +		Total		Non-		Total
	Current		Past Due		Past Due		Past Due		Past Due		Accrual		Loans
	(Dollars in  thousands)
September 30, 2017
One-to four-family residential	$	176,546	$	—	$	127	$	1,663	$	1,790	$	1,663	$	178,336
Commercial real estate		206,218		418		—		482		900		482		207,118
Construction		22,622		—		—		—		—		—		22,622
Home equity lines of credit		18,344		—		192		—		192		—		18,536
Commercial business		40,420		400		80		213		693		213		41,113
Other		6,266		—		—		—		—		—		6,266
Total	$	470,416	$	818	$	399	$	2,358	$	3,575	$	2,358	$	473,991

Schedule of activity in the allowance for loan losses by portfolio segment

The following table summarizes the ALL by loan category and the related activity for the nine months ended June 30, 2018:

	One-to-Four									Home Equity
	Family			Commercial						Lines of			Commercial
	Residential			Real Estate			Construction			Credit			Business			Other			Unallocated			Total
	(Dollars in  thousands)
Balance- September 30, 2017	$	587		$	1,277		$	490		$	57		$	956		$	6		$	102		$	3,475
Charge-offs		(127	)		—			—			—			(170	)		—			—			(297	)
Recoveries		82			23			3			—			1			—			—			109
Provision		21			(1	)		(109	)		74			265			(2	)		2			250
Balance- December 31, 2017	$	563		$	1,299		$	384		$	131		$	1,052		$	4		$	104		$	3,537
Charge-offs		(25	)		—			—			—			—			—			—			(25	)
Recoveries		—			—			—			—			—			—			—			—
Provision		(5	)		119			58			(19	)		106			—			(2	)		256
Balance- March 31, 2018	$	533		$	1,418		$	442		$	112		$	1,158		$	4		$	102		$	3,769
Charge-offs		(61	)		—			—			—			—			(3	)		—			(64	)
Recoveries		4			—			—			—			—			—			—			4
Provision		58			70			70			4			19			3			52			276
Balance- June 30, 2018	$	534		$	1,488		$	512		$	116		$	1,177		$	4		$	154		$	3,985

The following table summarizes the ALL by loan category and the related activity for the nine months ended June 30, 2017:

	One-to Four-									Home Equity
	Family			Commercial						Lines of			Commercial
	Residential			Real Estate			Construction			Credit			Business			Other			Unallocated			Total
	(Dollars in  thousands)
Balance-September 30, 2016	$	542		$	1,075		$	361		$	71		$	976		$	9		$	22		$	3,056
Charge-offs		(18	)		—			—			—			(237	)		—			—			(255	)
Recoveries		35			—			3			—			1			—			—			39
Provision		(35	)		77			4			—			174			(2	)		112			330
Balance-December 31, 2016	$	524		$	1,152		$	368		$	71		$	914		$	7		$	134		$	3,170
Charge-offs		(52	)		—			—			—			(226	)		—			—			(278	)
Recoveries		—			—			3			14			1			—			—			18
Provision		175			(44	)		(3	)		(18	)		323			6			(36	)		403
Balance- March 31, 2017	$	647		$	1,108		$	368		$	67		$	1,012		$	13		$	98		$	3,313
Charge-offs		(39	)		—			—			—			(209	)		—			—			(248	)
Recoveries		—			—			3			—			2			—			—			5
Provision		(49	)		65			—			(11	)		219			(7	)		98			315
Balance- June 30, 2017	$	559		$	1,173		$	371		$	56		$	1,024		$	6		$	196		$	3,385

The following table summarizes the ALL by loan category, segregated into the amount required for loans individually evaluated for impairment and the amount required for loans collectively evaluated for impairment as of June 30, 2018 and September 30, 2017:  

	One-to-Four						Home Equity
	Family		Commercial				Lines of		Commercial
	Residential		Real Estate		Construction		Credit		Business		Other		Unallocated		Total
	(Dollars in  thousands)
Allowance for Loan Losses:
Balance - June 30, 2018	$	534	$	1,488	$	512	$	116	$	1,177	$	4	$	154	$	3,985
Individually evaluated
for impairment		—		—		—		—		—		—		—		—
Collectively evaluated
for impairment		534		1,488		512		116		1,177		4		154		3,985
Loans receivable:
Balance - June 30, 2018	$	181,024	$	216,058	$	29,663	$	19,232	$	51,188	$	5,493	$	—	$	502,658
Individually evaluated
for impairment		1,253		3,680		—		58		359		—		—		5,350
Collectively evaluated
for impairment		179,771		212,378		29,663		19,174		50,829		5,493		—		497,308

	One-to- Four						Home Equity
	Family		Commercial				Lines of		Commercial
	Residential		Real Estate		Construction		Credit		Business		Other		Unallocated		Total
	(Dollars in  thousands)
Allowance for Loan Losses:
Balance - September 30, 2017	$	587	$	1,277	$	490	$	57	$	956	$	6	$	102	$	3,475
Individually evaluated
for impairment		—		—		—		—		—		—		—		—
Collectively evaluated
for impairment		587		1,277		490		57		956		6		102		3,475
Loans receivable:
Balance - September 30, 2017	$	178,336	$	207,118	$	22,622	$	18,536	$	41,113	$	6,266	$	—	$	473,991
Individually evaluated
for impairment		3,124		4,088		—		—		243		—		—		7,455
Collectively evaluated
for impairment		175,212		203,030		22,622		18,536		40,870		6,266		—		466,536

Schedule of troubled debt restructurings

	Nine Months Ended June 30, 2017
	Number of		Investment Before		Investment After
	Loans		TDR Modification		TDR Modification
	(Dollars in thousands)
One-to four-family residential		1	$	182	$	182
Total		1	$	182	$	182