FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK (Tables)

9 Months Ended

Jun. 30, 2023

Financial Instruments With Off-Balance Sheet Risk [Abstract]

Schedule of Information Regarding Derivatives

The following table presents summary information regarding these derivatives

	Notional Amount		Average Maturiy (Years)		Weighted Average Fixed Rate			Weighted Average Variable Rate	Fair Value
	(Dollars in thousands)
June 30, 2023
Classified in Other Assets:
Customer interest rate swaps	$	36,294		4.4		4.95	%	1 Mo. BSBY + 2.44	$	2,383
Total	$	36,294		4.4		4.95	%		$	2,383
Classified in Other Liabilities:
3rd Party interest rate swaps	$	36,294		4.4		4.95	%	1 Mo. BSBY + 2.44	$	2,383
Total	$	36,294		4.4		4.95	%		$	2,383
September 30, 2022
Classified in Other Assets:
Customer interest rate swaps	$	19,512		5.9		3.63	%	1 Mo. LIBOR + 2.50	$	2,275
	$	6,940		4.6		6.13	%	1 Mo. BSBY + 3.00	$	212
Total	$	26,452		5.2		4.88	%		$	2,487
Classified in Other Liabilities:
3rd Party interest rate swaps	$	19,512		5.9		3.63	%	1 Mo. LIBOR + 2.50	$	2,275
	$	6,940		4.6		6.13	%	1 Mo. BSBY + 3.00	$	212
Total	$	26,452		5.2		4.88	%		$	2,487

Schedule of Financial Instruments with Off-Balance-Sheet Risk

Those instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amounts recognized in the consolidated balance sheets.

	June 30,		September 30,
	2023		2022
	(In thousands)
Financial instruments whose contract amounts represent credit risk (in thousands)
Letters of credit	$	663	$	740
Unused lines of credit		89,182		73,825
Fixed rate loan commitments		13,235		2,550
Variable rate loan commitments		300		49,913
Totals	$	103,380	$	127,028