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FAIR VALUE DISCLOSURES (Tables)
 9 Months Ended
Jun. 30, 2023
Fair Value Disclosures [Abstract]  
Schedule of Assets Measured at Fair Value on a Recurring Basis The following tables provide the level of valuation assumptions used to determine the carrying value of the Company’s assets measured at fair value on a recurring basis.
June 30, 2023  Total   Level 1   Level 2   Level 3 
Assets:  (In thousands) 
Securities available for sale:                    
Obligations of U.S. government agencies:                    
Mortgage-backed securities - residential  $100   $
—
   $100   $
—
 
Obligations of U.S. government-sponsored enterprises:                    
Mortgage-backed securities-residential   8,634    
—
    8,634    
—
 
Total securities available for sale  $8,734   $
—
   $8,734   $
—
 
Derivative assets   2,383    
—
    2,383    
—
 
Total assets  $11,117   $
—
   $11,117   $
—
 
                     
Liabilities:                    
Derivative liabilities  $2,383   $
—
   $2,383   $
—
 
Total Liabilities  $2,383   $
—
   $2,383   $
—
 

 

                 
September 30, 2022  Total   Level 1   Level 2   Level 3 
Assets:                    
Securities available for sale:                    
Obligations of U.S. government agencies:                    
Mortgage-backed securities - residential  $107   $
—
   $107   $
—
 
Obligations of U.S. government-sponsored enterprises:                    
Mortgage-backed securities-residential   9,122    
—
    9,122    
—
 
Total securities available for sale  $9,229   $
—
   $9,229   $
—
 
Derivative assets   2,487    
—
    2,487    
—
 
Total assets  $11,716   $
—
   $11,716   $
—
 
                     
Liabilities:                    
Derivative liabilities  $2,487   $
—
   $2,487   $
—
 
Total Liabilities  $2,487   $
—
   $2,487   $
—
 
Schedule of Assets Measured at Fair Value on a Non-recurring Basis The following tables provide the level of valuation assumptions used to determine the carrying value of the Company’s assets measured at fair value on a non-recurring basis at June 30, 2023 and September 30, 2022.
June 30, 2023  Total   Level 1   Level 2   Level 3 
   (In thousands) 
                 
Impaired loans  $777   $
—
   $
—
   $777 
Total  $777   $
—
   $
—
   $777 

 

September 30, 2022  Total   Level 1   Level 2   Level 3 
   (In thousands) 
                 
Impaired loans  $5,659   $
—
   $
—
   $5,659 
Total  $5,659   $
—
   $
—
   $5,659 
Schedule of Quantitative Information About Assets Measured at Fair Value on a Nonrecurring Basis for Which Level 3 Inputs Were Used to Determine Fair Value The following tables present additional quantitative information about assets measured at fair value on a nonrecurring basis and for which Company has utilized Level 3 inputs to determine fair value:
Quantitative Information about Level 3 Fair Value Measurements
(Dollars in thousands)
             
   Fair Value  Valuation      
June 30, 2023  Estimate  Techniques  Unobservable Input  Range (Weighted Average)
Impaired loans  $777   Appraisal of collateral (1)  Appraisal adjustments (2)  -50% to -8.0% (-19.4%)
   Fair Value  Valuation      
September 30, 2022  Estimate  Techniques  Unobservable Input  Range (Weighted Average)
Impaired loans  $5,659   Appraisal of collateral (1)  Appraisal adjustments (2)  0% to -31.7% (-9.9%)
(1)Fair value is generally determined through independent appraisals for the underlying collateral, which generally include various level 3 inputs which are not identifiable.
(2)Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range and weighted average of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal.
Schedule of the Carrying Amount, Fair Value, and Placement in the Fair Value Hierarchy of Financial Instruments Carried at Cost or Amortized Cost the carrying amount is a reasonable estimate of fair value due to these products being payable on demand and having no stated maturity.
   Carrying   Fair   Fair Value Measurement Placement 
   Value   Value   (Level 1)   (Level 2)   (Level 3) 
   (In thousands) 
June 30, 2023                    
Financial instruments - assets                         
Investment securities held to maturity  $83,720   $73,337   $
—
   $73,337   $
—
 
Loans   693,308    666,752    
—
    
—
    666,752 
                          
Financial instruments - liabilities                         
Certificates of deposit including retirement certificates   103,375    102,959    
—
    102,959    
—
 
Borrowings   45,534    44,567    
—
    44,567    
—
 
                          
September 30, 2022                         
Financial instruments - assets                         
Investment securities held-to-maturity  $91,646   $79,914   $
—
   $79,914   $
—
 
Loans   619,843    592,804    
—
    
—
    592,804 
                          
Financial instruments - liabilities                         
Certificates of deposit   82,609    81,289    
—
    81,289    
—
 
Borrowings   15,625    14,762    
—
    14,762    
—