INVESTMENT SECURITIES (Tables)

9 Months Ended

Jun. 30, 2023

Investments Securities [Abstract]

Schedule of the Amortized Cost and Fair Values of Securities Available for Sale

The following table summarizes the amortized cost and fair values of securities classified as available-for-sale and held-to-maturity

			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
June 30, 2023	Cost		Gains		Losses			Value
	(In thousands)
Securities available-for-sale:
Obligations of U.S. government agencies:
Mortgage-backed securities - residential	$	109	$	—	$	(9	)	$	100
Obligations of U.S. government-sponsored enterprises:
Mortgage-backed securities-residential		10,296		—		(1,662	)		8,634
Total securities available-for-sale	$	10,405	$	—	$	(1,671	)	$	8,734
Securities held-to-maturity:
Obligations of U.S. government agencies:
Mortgage-backed securities - residential	$	5,197	$	—	$	(731	)	$	4,466
Mortgage-backed securities - commercial		584		—		(2	)		582
Obligations of U.S. government-sponsored enterprises:
Mortgage-backed-securities - residential		46,422		—		(7,093	)		39,329
Debt securities		24,835		—		(1,954	)		22,881
Private label mortgage-backed securities - residential		211		—		(11	)		200
Obligations of state and political subdivisions		3,471		3		(398	)		3,076
Corporate securities		3,000		—		(197	)		2,803
Total securities held-to-maturity	$	83,720	$	3	$	(10,386	)	$	73,337
Total investment securities	$	94,125	$	3	$	(12,057	)	$	82,071

			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
September 30, 2022	Cost		Gains		Losses			Value
	(In thousands)
Securities available-for-sale:
Obligations of U.S. government agencies:
Mortgage backed securities - residential	$	118	$	—	$	(11	)	$	107
Obligations of U.S. government-sponsored enterprises:
Mortgage-backed securities-residential		11,029		—		(1,907	)		9,122
Total securities available for sale	$	11,147	$	—	$	(1,918	)	$	9,229
Securities held-to-maturity:
Obligations of U.S. government agencies:
Mortgage-backed securities - residential	$	5,525	$	—	$	(717	)	$	4,808
Mortgage-backed securities - commercial		631		—		—			631
Obligations of U.S. government-sponsored enterprises:
Mortgage backed securities - residential		48,961		12		(7,548	)		41,425
Debt securities		24,821		—		(2,395	)		22,426
Private label mortgage-backed securities - residential		224		—		(10	)		214
Obligations of state and political subdivisions		3,484		—		(638	)		2,846
Corporate securities		8,000		—		(436	)		7,564
Total securities held to maturity	$	91,646	$	12	$	(11,744	)	$	79,914
Total investment securities	$	102,793	$	12	$	(13,662	)	$	89,143

Schedule of Maturities Debt Securities and Mortgage Backed Securities Held to Maturity

The contractual maturities of debt securities, municipal bonds and certain information regarding mortgage-backed securities available-for-sale and held-to-maturity at June 30, 2023 are summarized in the following table:

	June 30, 2023
	Amortized		Fair
Securities available-for-sale	Cost		Value
	(In thousands)
Due within 1 year	$	—	$	—
Due after 1 but within 5 years		—		—
Due after 5 but within 10 years		—		—
Due after 10 years		—		—
Total debt securities		—		—
Mortgage-backed securities:
Residential		10,405		8,734
Commercial		—		—
Total	$	10,405	$	8,734

	June 30, 2023
	Amortized		Fair
Securities held-to-maturity	Cost		Value
	(In thousands)
Due within 1 year	$	7,836	$	7,652
Due after 1 but within 5 years		18,527		16,926
Due after 5 but within 10 years		4,943		4,182
Due after 10 years		—		—
Total debt securities		31,306		28,760
Mortgage-backed securities:
Residential		51,830		43,995
Commercial		584		582
Total	$	83,720	$	73,337