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Investment Securities (Tables)
 3 Months Ended
Dec. 31, 2018
Investments, Debt and Equity Securities [Abstract]  
Amortized Cost and Fair Value of Securities
The amortized cost of securities available for sale and held to maturity and their approximate fair values are as follows:
 
 
 
Amortized

Cost
 
 
Gross

Unrealized

Gain
 
 
Gross

Unrealized

Losses
 
 
Fair
Value
 
 
 
(In thousands)
 
December 31, 2018:
 
 
 
 
 
 
 
 
 
 
 
 
Securities available for sale:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Agency mortgage-backed
 
$
24,533
 
 
$
76
 
 
$
416
 
 
$
24,193
 
Agency CMO
 
 
12,262
 
 
 
20
 
 
 
233
 
 
 
12,049
 
Privately-issued CMO
 
 
1,367
 
 
 
129
 
 
 
4
 
 
 
1,492
 
Privately-issued ABS
 
 
1,289
 
 
 
300
 
 
 
-
 
 
 
1,589
 
SBA certificates
 
 
1,277
 
 
 
46
 
 
 
5
 
 
 
1,318
 
Municipal bonds
 
 
143,239
 
 
 
3,053
 
 
 
673
 
 
 
145,619
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total securities available for sale
 
$
183,967
 
 
$
3,624
 
 
$
1,331
 
 
$
186,260
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Securities held to maturity:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Agency mortgage-backed
 
$
128
 
 
$
7
 
 
$
-
 
 
$
135
 
Municipal bonds
 
 
2,442
 
 
 
320
 
 
 
-
 
 
 
2,762
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total securities held to maturity
 
$
2,570
 
 
$
327
 
 
$
-
 
 
$
2,897
 
  
 
 
Amortized

Cost
 
 
Gross

Unrealized

Gain
 
 
Gross

Unrealized

Losses
 
 
Fair

Value
 
 
 
(In thousands)
 
September 30, 2018:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Securities available for sale:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Agency mortgage-backed
 
$
31,686
 
 
$
90
 
 
$
646
 
 
$
31,130
 
Agency CMO
 
 
10,754
 
 
 
-
 
 
 
313
 
 
 
10,441
 
Privately-issued CMO
 
 
1,434
 
 
 
148
 
 
 
3
 
 
 
1,579
 
Privately-issued ABS
 
 
1,538
 
 
 
346
 
 
 
-
 
 
 
1,884
 
SBA certificates
 
 
1,305
 
 
 
53
 
 
 
7
 
 
 
1,351
 
Municipal bonds
 
 
137,144
 
 
 
2,189
 
 
 
1,345
 
 
 
137,988
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total securities available for sale
 
$
183,861
 
 
$
2,826
 
 
$
2,314
 
 
$
184,373
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Securities held to maturity:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Agency mortgage-backed
 
$
134
 
 
$
8
 
 
$
-
 
 
$
142
 
Municipal bonds
 
 
2,473
 
 
 
281
 
 
 
-
 
 
 
2,754
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total securities held to maturity
 
$
2,607
 
 
$
289
 
 
$
-
 
 
$
2,896
 
Amortized Cost and Fair Value of Investment Securities by Contractual Maturity
The amortized cost and fair value of investment securities as of December 31, 2018 by contractual maturity are shown below. CMO, ABS, SBA certificates, and mortgage-backed securities which do not have a single maturity date are shown separately.
 
 
 
Available for Sale
 
 
Held to Maturity
 
 
 
Amortized

Cost
 
 
Fair
Value
 
 
Amortized

Cost
 
 
Fair
Value
 
 
 
(In thousands)
 
Due within one year
 
$
5,625
 
 
$
5,661
 
 
$
240
 
 
$
270
 
Due after one year through five years
 
 
19,373
 
 
 
19,793
 
 
 
1,008
 
 
 
1,140
 
Due after five years through ten years
 
 
31,265
 
 
 
31,999
 
 
 
866
 
 
 
983
 
Due after ten years
 
 
86,976
 
 
 
88,166
 
 
 
328
 
 
 
369
 
CMO
 
 
13,629
 
 
 
13,541
 
 
 
-
 
 
 
-
 
ABS
 
 
1,289
 
 
 
1,589
 
 
 
-
 
 
 
-
 
SBA certificates
 
 
1,277
 
 
 
1,318
 
 
 
-
 
 
 
-
 
Mortgage-backed securities
 
 
24,533
 
 
 
24,193
 
 
 
128
 
 
 
135
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$
183,967
 
 
$
186,260
 
 
$
2,570
 
 
$
2,897
 
Available for Sale Securities with Gross Unrealized Losses by Investment Category and Length of Time Individual Securities Have Been in Continuous Loss Position
Information pertaining to investment securities with gross unrealized losses at December 31, 2018 and September 30, 2018, aggregated by investment category and the length of time that individual securities have been in a continuous loss position, follows:
 
 
 
Number of

Investment

Positions
 
 
Fair

Value
 
 
Gross

Unrealized

Losses
 
 
 
(Dollars in thousands)
 
December 31, 2018:
 
 
 
 
 
 
 
 
 
 
 
 
Securities available for sale:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Continuous loss position less than twelve months:
 
 
 
 
 
 
 
 
 
 
 
 
Agency mortgage-backed
 
 
5
 
 
$
6,097
 
 
$
46
 
Agency CMO
 
 
1
 
 
 
119
 
 
 
6
 
Municipal bonds
 
 
38
 
 
 
19,599
 
 
 
165
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total less than twelve months
 
 
44
 
 
 
25,815
 
 
 
217
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Continuous loss position more than twelve months:
 
 
 
 
 
 
 
 
 
 
 
 
Agency mortgage-backed
 
 
18
 
 
 
12,293
 
 
 
370
 
Agency CMO
 
 
12
 
 
 
10,000
 
 
 
227
 
Privately-issued CMO
 
 
1
 
 
 
36
 
 
 
4
 
SBA certificates
 
 
1
 
 
 
595
 
 
 
5
 
Municipal bonds
 
 
26
 
 
 
14,669
 
 
 
508
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total more than twelve months
 
 
58
 
 
 
37,593
 
 
 
1,114
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total securities available for sale
 
 
102
 
 
$
63,408
 
 
$
1,331
 
 
 
 
 
 
 
 
 
 
 
 
 
 
September 30, 2018:
 
 
 
 
 
 
 
 
 
Securities available for sale:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Continuous loss position less than twelve months:
 
 
 
 
 
 
 
 
 
 
 
 
Agency mortgage-backed
 
 
15
 
 
$
14,814
 
 
$
313
 
Agency CMO
 
 
4
 
 
 
2,560
 
 
 
54
 
Municipal bonds
 
 
93
 
 
 
44,162
 
 
 
944
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total less than twelve months
 
 
112
 
 
 
61,536
 
 
 
1,311
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Continuous loss position more than twelve months:
 
 
 
 
 
 
 
 
 
 
 
 
Agency mortgage-backed
 
 
11
 
 
 
9,283
 
 
 
333
 
Agency CMO
 
 
9
 
 
 
7,881
 
 
 
259
 
Privately-issued CMO
 
 
1
 
 
 
37
 
 
 
3
 
SBA certificates
 
 
1
 
 
 
617
 
 
 
7
 
Municipal bonds
 
 
8
 
 
 
6,106
 
 
 
401
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total more than twelve months
 
 
30
 
 
 
23,924
 
 
 
1,003
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total securities available for sale
 
 
142
 
 
$
85,460
 
 
$
2,314