REPURCHASE AGREEMENTS

12 Months Ended

Sep. 30, 2016

Repurchase Agreements [Abstract]

REPURCHASE AGREEMENTS

(12) REPURCHASE AGREEMENTS

Repurchase agreements include retail repurchase agreements representing overnight borrowings from deposit customers.

Repurchase agreements at September 30, 2016 and 2015 are summarized as follows:

	2016					2015
	Weighted					Weighted
	Average					Average
(Dollars in thousands)	Rate			Amount		Rate			Amount
Retail repurchase agreements		0.25	%	$	1,345		0.25	%	$	1,342

The debt securities underlying the retail repurchase agreements were under the control of the Bank at September 30, 2016 and 2015.

Information concerning borrowings under retail repurchase agreements as of and for the years ended September 30, 2016 and 2015 is summarized as follows:

(Dollars in thousands)	2016			2015
Weighted average interest rate during the year		0.25	%		0.25	%
Average balance during the year	$	1,343		$	1,340
Maximum month-end balance during the year		1,345			1,342
Available for sale debt securities underlying the agreements at September 30:
Amortized cost	$	1,354		$	1,502
Fair value		1,382			1,535