Magyar Bancorp (MGYR) 10-Q 13 May 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Mar. 31, 2016	May. 01, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	Magyar Bancorp, Inc.
Entity Central Index Key	1,337,068
Amendment Flag	false
Document Type	10-Q
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2,016
Document Period End Date	Mar. 31, 2016
Current Fiscal Year End Date	--09-30
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		5,819,494

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2016	Sep. 30, 2015
Assets
Cash	$ 1,500	$ 1,081
Interest earning deposits with banks	19,428	17,027
Total cash and cash equivalents	20,928	18,108
Investment securities - available for sale, at fair value	8,106	6,064
Investment securities - held to maturity, at amortized cost (fair value of $59,573 and $53,248 at March 31, 2016 and September 30, 2015, respectively)	58,886	52,614
Federal Home Loan Bank of New York stock, at cost	1,923	2,025
Loans receivable, net of allowance for loan losses of $2,890 and $2,886 at March 31, 2016 and September 30, 2015, respectively	421,080	420,596
Bank owned life insurance	11,111	10,962
Accrued interest receivable	1,748	1,703
Premises and equipment, net	17,586	17,818
Other real estate owned ("OREO")	16,296	16,192
Other assets	4,654	4,483
Total assets	562,318	550,565
Liabilities
Deposits	479,491	466,269
Escrowed funds	1,489	1,301
Federal Home Loan Bank of New York advances	29,334	31,594
Accrued interest payable	91	102
Accounts payable and other liabilities	4,710	4,630
Total liabilities	$ 515,115	$ 503,896
Stockholders' equity
Preferred stock: $.01 Par Value, 1,000,000 shares authorized; none issued
Common stock: $.01 Par Value, 8,000,000 shares authorized; 5,923,742 issued; 5,819,494 shares outstanding at March 31, 2016 and September 30, 2015	$ 59	$ 59
Additional paid-in capital	26,276	26,275
Treasury stock: 104,248 shares at March 31, 2016 and September 30, 2015, at cost	(1,166)	(1,166)
Unearned Employee Stock Ownership Plan shares	(689)	(752)
Retained earnings	23,739	23,252
Accumulated other comprehensive loss	(1,016)	(999)
Total stockholders' equity	47,203	46,669
Total liabilities and stockholders' equity	$ 562,318	$ 550,565

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2016	Sep. 30, 2015
Consolidated Balance Sheets [Abstract]
Fair value of investment securities - held to maturity	$ 59,573	$ 53,248
Allowance for loan losses	$ 2,890	$ 2,886
Preferred stock; par value	$ 0.01	$ 0.01
Preferred stock; shares authorized	1,000,000	1,000,000
Preferred stock; shares issued
Common stock; par value	$ 0.01	$ 0.01
Common stock; shares authorized	8,000,000	8,000,000
Common stock; shares issued	5,923,742	5,923,742
Common stock, shares outstanding	5,819,494	5,819,494
Treasury stock, shares	104,248	104,248

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Interest and dividend income
Loans, including fees	$ 4,517	$ 4,432	$ 9,104	$ 8,883
Investment securities
Taxable	426	331	818	661
Federal Home Loan Bank of New York stock	24	20	48	44
Total interest and dividend income	4,967	4,783	9,970	9,588
Interest expense
Deposits	695	596	1,396	1,198
Borrowings	171	170	362	381
Total interest expense	866	766	1,758	1,579
Net interest and dividend income	4,101	4,017	8,212	8,009
Provision for loan losses	291	170	469	590
Net interest and dividend income after provision for loan losses	3,810	3,847	7,743	7,419
Other income
Service charges	233	240	542	440
Income on bank owned life insurance	76	76	148	153
Other operating income	37	32	67	55
Gains on sales of loans	72	93	243	326
Gains on sales of investment securities	24	12	63	42
Total other income	442	453	1,063	1,016
Other expenses
Compensation and employee benefits	2,132	2,057	4,195	4,060
Occupancy expenses	697	733	1,334	1,436
Professional fees	264	260	500	553
Data processing expenses	123	148	244	293
OREO expenses	121	130	504	241
FDIC deposit insurance premiums	188	178	377	358
Loan servicing expenses	55	79	115	157
Insurance expense	64	56	122	114
Other expenses	327	460	633	770
Total other expenses	3,971	4,101	8,024	7,982
Income before income tax expense	281	199	782	453
Income tax expense	103	52	295	124
Net income	$ 178	$ 147	$ 487	$ 329
Net income per share-basic and diluted	$ 0.03	$ 0.03	$ 0.08	$ 0.06

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Consolidated Statements of Comprehensive Income [Abstract]
Net income		$ 178	$ 147	$ 487	$ 329
Other comprehensive (loss) income
Net unrealized gain on securities available for sale		207	87	37	178
Less: reclassification for realized gains on sales of securities available for sale	[1],[2]	(24)	(12)	(63)	(42)
Other comprehensive (loss) income, before tax		183	75	(26)	136
Deferred income tax effect		(66)	(28)	9	(50)
Total other comprehensive (loss) income		117	47	(17)	86
Total comprehensive income		$ 295	$ 194	$ 470	$ 415
[1]	Realized gains on securities transactions included in gains on sales of investment securities in the accompanying Consolidated Statements of Operations
[2]	Tax effect included in income tax expense in the accompanying Consolidated Statements of Operations

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands	Common Stock	Additional Paid-In Capital	Treasury Stock	Unearned ESOP Shares	Retained Earnings	Accumulated Other Comprehensive Loss	Total
Balance, at Sep. 30, 2014	$ 59	$ 26,295	$ (1,211)	$ (877)	$ 22,382	$ (716)	$ 45,932
Balance, shares at Sep. 30, 2014	5,815,444
Net income					$ 329		329
Other comprehensive income (loss)						$ 86	86
ESOP shares allocated		$ (9)		$ 62			53
Stock-based compensation expense		9					9
Balance, at Mar. 31, 2015	$ 59	26,295	$ (1,211)	$ (815)	$ 22,711	$ (630)	46,409
Balance, shares at Mar. 31, 2015	5,815,444
Balance, at Sep. 30, 2015	$ 59	$ 26,275	$ (1,166)	$ (752)	23,252	$ (999)	46,669
Balance, shares at Sep. 30, 2015	5,819,494
Net income					$ 487		487
Other comprehensive income (loss)						$ (17)	(17)
ESOP shares allocated		$ (2)		$ 63			61
Stock-based compensation expense		3					3
Balance, at Mar. 31, 2016	$ 59	$ 26,276	$ (1,166)	$ (689)	$ 23,739	$ (1,016)	$ 47,203
Balance, shares at Mar. 31, 2016	5,819,494

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Operating activities
Net income	$ 487	$ 329
Adjustment to reconcile net income to net cash provided by operating activities
Depreciation expense	379	446
Premium amortization on investment securities, net	96	146
Provision for loan losses	468	590
Provision for loss on other real estate owned	270	25
Proceeds from the sales of loans	3,040	4,441
Gains on sale of loans	(243)	(326)
Gains on sales of investment securities	(63)	(42)
Losses (gains) on the sales of other real estate owned	9	(43)
ESOP compensation expense	63	53
Stock-based compensation expense	4	9
Deferred income tax expense	173	195
Increase in accrued interest receivable	(45)	(26)
Increase in surrender value bank owned life insurance	(148)	(153)
Increase in other assets	(335)	(80)
Decrease in accrued interest payable	(11)	(36)
Increase (decrease) in accounts payable and other liabilities	80	(757)
Net cash provided by operating activities	4,224	4,771
Investing activities
Net decrease (increase) in loans receivable	2,628	(11,198)
Purchases of loans receivable	(7,098)	(674)
Purchases of investment securities held to maturity	(10,565)	$ (4,132)
Purchases of investment securities available for sale	(6,482)
Sales of investment securities available for sale	4,098	$ 5,421
Principal repayments on investment securities held to maturity	4,213	2,467
Principal repayments on investment securities available for sale	362	453
Purchases of premises and equipment	(147)	(65)
Investment in other real estate owned	(112)	(283)
Proceeds from the sale of other real estate owned	447	4,778
Redemption (purchase) of Federal Home Loan Bank stock	102	(32)
Net cash used by investing activities	(12,554)	(3,265)
Financing activities
Net increase in deposits	13,222	14,457
Net increase in escrowed funds	$ 188	106
Proceeds from long-term advances		5,701
Repayments of long-term advances	$ (2,260)	(5,000)
Repayments of securities sold under agreements to repurchase		(5,000)
Net cash provided by financing activities	$ 11,150	10,264
Net increase in cash and cash equivalents	2,820	11,770
Cash and cash equivalents, beginning of period	18,108	10,258
Cash and cash equivalents, end of period	20,928	22,028
Cash paid for
Interest	1,769	1,615
Income taxes	4	14
Non-cash investing activities
Real estate acquired in full satisfaction of loans in foreclosure	$ 718	$ 2,666

BASIS OF PRESENTATION

BASIS OF PRESENTATION	6 Months Ended
	Mar. 31, 2016
BASIS OF PRESENTATION [Abstract]
BASIS OF PRESENTATION	NOTE A – BASIS OF PRESENTATION The consolidated financial statements include the accounts of Magyar Bancorp, Inc. (the “Company”), its wholly owned subsidiary, Magyar Bank (the “Bank”), and the Bank's wholly owned subsidiaries Magyar Service Corporation, Hungaria Urban Renewal, LLC, and MagBank Investment Company. All material intercompany transactions and balances have been eliminated. The Company prepares its financial statements on the accrual basis and in conformity with accounting principles generally accepted in the United States of America ("US GAAP"). The unaudited information furnished herein reflects all adjustments (consisting of normal recurring accruals) that are, in the opinion of management, necessary to a fair statement of the results for the interim periods presented. Operating results for the three and six months ended March 31, 2016 are not necessarily indicative of the results that may be expected for the year ending September 30, 2016. The September 30, 2015 information has been derived from the audited consolidated financial statements at that date but does not include all of the information and footnotes required by US GAAP for complete financial statements. The preparation of consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of income and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses, the valuation of other real estate owned, and the assessment of realizability of deferred income tax assets. The Company has evaluated events and transactions occurring subsequent to the balance sheet date of March 31, 2016 for items that should potentially be recognized or disclosed in these consolidated financial statements. The evaluation was conducted through the date these consolidated financial statements were issued.

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	6 Months Ended
	Mar. 31, 2016
RECENT ACCOUNTING PRONOUNCEMENTS [Abstract]
RECENT ACCOUNTING PRONOUNCEMENTS	NOTE B- RECENT ACCOUNTING PRONOUNCEMENTS In May 2014, the FASB issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers Topic 606 Revenue Recognition In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) In March 2016, the FASB issued ASU No. 2016-09, Compensation – Stock Compensation (Topic 718)

CONTINGENCIES

CONTINGENCIES	6 Months Ended
	Mar. 31, 2016
CONTINGENCIES [Abstract]
CONTINGENCIES	NOTE C - CONTINGENCIES The Company, from time to time, is a party to routine litigation that arises in the normal course of business. In the opinion of management, the resolution of this litigation, if any, would not have a material adverse effect on the Company's consolidated financial position or results of operations.

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
	Mar. 31, 2016
EARNINGS PER SHARE [Abstract]
EARNINGS PER SHARE	NOTE D - EARNINGS PER SHARE Basic and diluted earnings per share for the three and six months ended March 31, 2016 and 2015 were calculated by dividing net income by the weighted-average number of shares outstanding for the period considering the effect of diluted equity options and stock awards for the diluted earnings per share calculations. For the Three Months For the Six Months Ended March 31, Ended March 31, 2016 2015 2016 2015 (In thousands except for per share data) Income applicable to common shares $ 178 $ 147 $ 487 $ 329 Weighted average number of common shares outstanding - basic 5,820 5,819 5,820 5,818 Stock options and restricted stock — — — — Weighted average number of common shares and common share equivalents - diluted 5,820 5,819 5,820 5,818 Basic earnings per share $ 0.03 $ 0.03 $ 0.08 $ 0.06 Diluted earnings per share $ 0.03 $ 0.03 $ 0.08 $ 0.06 Options to purchase 188,276 14.61 188,276 14.61

STOCK-BASED COMPENSATION AND ST

STOCK-BASED COMPENSATION AND STOCK REPURCHASE PROGRAM	6 Months Ended
	Mar. 31, 2016
STOCK-BASED COMPENSATION AND STOCK REPURCHASE PROGRAM [Abstract]
STOCK-BASED COMPENSATION AND STOCK REPURCHASE PROGRAM	NOTE E – STOCK-BASED COMPENSATION AND STOCK REPURCHASE PROGRAM The Company follows FASB Accounting Standards Codification (“ASC”) Section 718, Compensation-Stock Compensation, which covers a wide range of share-based compensation arrangements including share options, restricted share plans, performance-based awards, share appreciation rights, and employee share purchase plans. ASC 718 requires that compensation cost relating to share-based payment transactions be recognized in financial statements. The cost is measured based on the fair value of the equity or liability instruments issued. Stock options generally vest over a five ten 7 Restricted shares generally vest over a five The following is a summary of the status of the Company's stock option activity and related information for its option plan for the six months ended March 31, 2016 and 2015, respectively: Weighted Weighted Average Aggregate Number of Average Remaining Intrinsic Stock Options Exercise Price Contractual Life Value Balance at September 30, 2015 188,276 $ 14.61 1.4 $ — Granted — — Exercised — — Forfeited — — Balance at March 31, 2016 188,276 $ 14.61 0.9 $ — Exercisable at March 31, 2016 188,276 $ 14.61 0.9 $ — Weighted Weighted Average Aggregate Number of Average Remaining Intrinsic Stock Options Exercise Price Contractual Life Value Balance at September 30, 2014 188,276 $ 14.61 2.4 Granted — — Exercised — — Forfeited — — Balance at March 31, 2015 188,276 $ 14.61 1.9 $ — Exercisable at March 31, 2015 188,276 $ 14.61 1.9 $ — The following is a summary of the Company's non-vested restricted stock awards as of March 31, 2016 and 2015 and changes during the six months ended March 31, 2016 and 2015: Weighted Average Number of Grant Date Stock Awards Fair Value Balance at September 30, 2015 1,252 $ 4.30 Granted — — Vested — — Forfeited — — Balance at March 31, 2016 1,252 $ 4.30 Weighted Average Number of Grant Date Stock Awards Fair Value Balance at September 30, 2014 5,302 $ 4.41 Granted — — Vested — — Forfeited — — Balance at March 31, 2015 5,302 $ 4.41 Stock option and stock award expenses included with compensation expense were $ 0 2,688 The Company announced in November 2007 its second stock repurchase program of up to 5 129,924 81,000 8.33 48,924 104,248 The Company has an Employee Stock Ownership Plan ("ESOP") for the benefit of employees of the Company and the Bank who meets the eligibility requirements as defined in the plan. The ESOP trust purchased 217,863 2.3 10.58 st 3.50 As the debt is repaid, shares are released as collateral and allocated to qualified employees. Accordingly, the shares pledged as collateral are reported as unearned ESOP shares in the Consolidated Balance Sheets. As shares are released from collateral, the Company reports compensation expense equal to the then current market price of the shares, and the shares become outstanding for earnings per share computations. At March 31, 2016, shares allocated to participants totaled 140,881 76,982 760,582 61,000 53,000

OTHER COMPREHENSIVE INCOME (LOS

OTHER COMPREHENSIVE INCOME (LOSS)	6 Months Ended
	Mar. 31, 2016
OTHER COMPREHENSIVE INCOME (LOSS) [Abstract]
OTHER COMPREHENSIVE INCOME (LOSS)	NOTE F – OTHER COMPREHENSIVE INCOME (LOSS) The components of other comprehensive income (loss) and the related income tax effects are as follows: Three Months Ended March 31, 2016 2015 Tax Net of Tax Net of Before Tax Benefit Tax Before Tax Benefit Tax Amount (Expense) Amount Amount (Expense) Amount (Dollars in thousands) Unrealized holding gain arising during period on: Available-for-sale investments $ 207 $ (76 ) $ 131 $ 87 $ (33 ) $ 54 Less reclassification adjustment for net realized on available-for-sale investments (a) (b) (24 ) 10 (14 ) (12 ) 5 (7 ) Other comprehensive income, net $ 183 $ (66 ) $ 117 $ 75 $ (28 ) $ 47 Six Months Ended March 31, 2016 2015 Tax Net of Tax Net of Before Tax Benefit Tax Before Tax Benefit Tax Amount (Expense) Amount Amount (Expense) Amount (Dollars in thousands) Unrealized holding gain arising during period on: Available-for-sale investments $ 37 $ (16 ) $ 21 $ 178 $ (67 ) $ 111 Less reclassification adjustment for net realized on available-for-sale investments (a) (b) (63 ) 25 (38 ) (42 ) 17 (25 ) Other comprehensive income, net $ (26 ) $ 9 $ (17 ) $ 136 $ (50 ) $ 86 (a) Realized gains on securities transactions included in gains on sales of investment securities in the accompanying Consolidated Statements of Operations (b) Tax effect included in income tax expense in the accompanying Consolidated Statements of Operations

FAIR VALUE DISCLOSURES

FAIR VALUE DISCLOSURES	6 Months Ended
	Mar. 31, 2016
FAIR VALUE DISCLOSURES [Abstract]
FAIR VALUE DISCLOSURES	NOTE G – FAIR VALUE DISCLOSURES The Company uses fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. The securities available-for-sale are recorded at fair value on a recurring basis. Additionally, from time to time, we may be required to record at fair value other assets or liabilities on a non-recurring basis, such as held-to-maturity securities, mortgage servicing rights, loans receivable and other real estate owned, or OREO. These non-recurring fair value adjustments involve the application of lower-of-cost-or-market accounting or write-downs of individual assets. In accordance with ASC 820, the Company groups its assets and liabilities at fair value in three levels, based on the markets in which the assets are traded and the reliability of the assumptions used to determine fair value. These levels are: Level 1 Valuation is based upon quoted prices for identical instruments traded in active markets. Level 2 Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active and model-based valuation techniques for which all significant assumptions are observable in the market. Level 3 Valuation is generated from model-based techniques that use significant assumptions not observable in the market. These unobservable assumptions reflect our own estimates of assumptions that market participants would use in pricing the asset or liability. Valuation techniques include the use of option pricing models, discounted cash flow models and similar techniques. The results cannot be determined with precision and may not be realized in an actual sale or immediate settlement of the asset or liability. The Company based its fair values on the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC 820 requires the Company to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The following is a description of valuation methodologies used for assets measured at fair value on a recurring basis. Securities available-for-sale The securities available-for-sale portfolio is carried at estimated fair value on a recurring basis, with any unrealized gains and losses, net of taxes, reported as accumulated other comprehensive income/loss in stockholders' equity. The securities available-for-sale portfolio consists of U.S government-sponsored mortgage-backed securities and private label mortgage-backed securities. The fair values of these securities are obtained from an independent nationally recognized pricing service. An independent pricing service provides the Company with prices which are categorized as Level 2, as quoted prices in active markets for identical assets are generally not available for the securities in our portfolio. Various modeling techniques are used to determine pricing for Company's mortgage-backed securities, including option pricing and discounted cash flow models. The inputs to these models include benchmark yields, reported trades, broker/dealer quotes, issuer spreads, two-sided markets, benchmark securities, bids, offers and reference data. The following table provides the level of valuation assumptions used to determine the carrying value of our assets measured at fair value on a recurring basis. Fair Value at March 31, 2016 Total Level 1 Level 2 Level 3 (Dollars in thousands) Securities available for sale: Obligations of U.S. government-sponsored enterprises: Mortgage-backed securities-residential $ 7,978 $ — $ 7,978 $ — Private label mortgage-backed securities-residential 128 — 128 — Total securities available for sale $ 8,106 $ — $ 8,106 $ — Fair Value at September 30, 2015 Total Level 1 Level 2 Level 3 (Dollars in thousands) Securities available for sale: Obligations of U.S. government-sponsored enterprises: Mortgage-backed securities-residential $ 5,914 $ — $ 5,914 $ — Private label mortgage-backed securities-residential 150 — 150 — Total securities available for sale $ 6,064 $ — $ 6,064 $ — The following is a description of valuation methodologies used for assets measured at fair value on a non-recurring basis. Mortgage Servicing Rights, net Mortgage Servicing Rights (MSRs) are carried at the lower of cost or estimated fair value. The estimated fair value of MSR is determined through a calculation of future cash flows, incorporating estimates of assumptions market participants would use in determining fair value including market discount rates, prepayment speeds, servicing income, servicing costs, default rates and other market driven data, including the market's perception of future interest rate movements and, as such, are classified as Level 3. The Company had MSRs totaling $ 114,000 132,000 Impaired Loans Loans which meet certain criteria are evaluated individually for impairment. A loan is impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement. All amounts due according to the contractual terms means that both the contractual interest and principal payments of a loan will be collected as scheduled in the loan agreement. Three impairment measurement methods are used, depending upon the collateral securing the asset: 1) the present value of expected future cash flows discounted at the loan's effective interest rate (the rate of return implicit in the loan); 2) the asset's observable market price; or 3) the fair value of the collateral, less anticipated selling and disposition costs, if the asset is collateral dependent. The regulatory agencies require the last method for loans from which repayment is expected to be provided solely by the underlying collateral. The Company's impaired loans are generally collateral dependent and, as such, are carried at the estimated fair value of the collateral less estimated selling costs. Fair value is estimated through current appraisals, and adjusted as necessary, by management, to reflect current market conditions and, as such, are generally classified as Level 3. Appraisals of collateral securing impaired loans are conducted by approved, qualified, and independent third-party appraisers. Such appraisals are ordered via the Company's credit administration department, independent from the lender who originated the loan, once the loan is deemed impaired, as described in the previous paragraph. Impaired loans are generally re-evaluated with an updated appraisal within one year of the last appraisal. However, the Company also obtains updated appraisals on performing construction loans that are approaching their maturity date to determine whether or not the fair value of the collateral securing the loan remains sufficient to cover the loan amount prior to considering an extension. The Company discounts the appraised “as is” value of the collateral for estimated selling and disposition costs and compares the resulting fair value of collateral to the outstanding loan amount. If the outstanding loan amount is greater than the discounted fair value, the Company requires a reduction in the outstanding loan balance or additional collateral before considering an extension to the loan. If the borrower is unwilling or unable to reduce the loan balance or increase the collateral securing the loan, it is deemed impaired and the difference between the loan amount and the fair value of collateral, net of estimated selling and disposition costs, is charged off through a reduction of the allowance for loan loss. Other Real Estate Owned The fair value of other real estate owned is determined through current appraisals, and adjusted as necessary, by management, to reflect current market conditions and anticipated selling and disposition costs. As such, other real estate owned is generally classified as Level 3. The following table provides the level of valuation assumptions used to determine the carrying value of our assets measured at fair value on a non-recurring basis at March 31, 2016 and September 30, 2015 Fair Value at March 31, 2016 Total Level 1 Level 2 Level 3 (Dollars in thousands) Impaired loans $ 1,212 $ — $ — $ 1,212 Other real estate owned 16,296 — — 16,296 $ 17,508 $ — $ — $ 17,508 Fair Value at September 30, 2015 Total Level 1 Level 2 Level 3 (Dollars in thousands) Impaired loans $ 1,489 $ — $ — $ 1,489 Other real estate owned 16,192 — — 16,192 $ 17,681 $ — $ — $ 17,681 The following table presents 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 March 31, 2016 Estimate Techniques Unobservable Input Range (Weighted Average) Impaired loans $ 1,212 Appraisal of Appraisal adjustments (2) -13.0 -32.0 -29.0 Other real estate owned $ 16,296 Appraisal of Liquidation expenses (2) -3.9 -37.0 -11.5 Fair Value Valuation September 30, 2015 Estimate Techniques Unobservable Input Range (Weighted Average) Impaired loans $ 1,489 Appraisal of Appraisal adjustments (2) -16.0 -40.0 -8.0 Other real estate owned $ 16,192 Appraisal of Liquidation expenses (2) 0.0 -41.2 -15.1 (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. The following methods and assumptions were used to estimate the fair value of each class of financial instruments not already disclosed above for which it is practicable to estimate fair value: Cash and interest earning deposits with banks: The carrying amounts are a reasonable estimate of fair value. Held to maturity securities: The fair values of held to maturity securities are obtained from an independent nationally recognized pricing service. An independent pricing service provides the Company with prices which are categorized as Level 2, as quoted prices in active markets for identical assets are generally not available for the securities in Company's portfolio. Loans: Fair value for the loan portfolio, excluding impaired loans with specific loss allowances, is estimated based on discounted cash flow analysis using interest rates currently offered for loans with similar terms to borrowers of similar credit quality. Federal Home Loan Bank of New York (“FHLB”) stock: The carrying amount of FHLB stock approximates fair value and considers the limited marketability of the investment. Bank-owned life insurance: The carrying amounts are based on the cash surrender values of the individual policies, which is a reasonable estimate of fair value. Deposits: The fair value of deposits with no stated maturity, such as money market deposit accounts, interest-bearing checking accounts and savings accounts, is equal to the amount payable on demand. The fair value of certificates of deposit is based on the discounted value of contractual cash flows. The discount rate is equivalent to current market rates for deposits of similar size, type and maturity. Accrued interest receivable and payable: For these short-term instruments, the carrying amount is a reasonable estimate of fair value. Federal Home Loan Bank of New York advances: The fair value of borrowings is based on the discounted value of contractual cash flows. The discount rate is equivalent to the rate currently offered by the Federal Home Loan Bank of New York for borrowings of similar maturity and terms. The fair value of commitments to extend credit is estimated based on the amount of unamortized deferred loan commitment fees. The fair value of letters of credit is based on the amount of unearned fees plus the estimated cost to terminate the letters of credit. Fair values of unrecognized financial instruments including commitments to extend credit and the fair value of letters of credit are considered immaterial. The following presents the carrying amount, fair value, and placement in the fair value hierarchy of the Company's financial instruments carried at cost or amortized cost as of March 31, 2016 and September 30, 2015. This table excludes financial instruments for which the carrying amount approximates level 1 fair value. For short-term financial assets such as cash and cash equivalents, the carrying amount is a reasonable estimate of fair value due to the relatively short time between the origination of the instrument and its expected realization. For financial liabilities such as interest-bearing demand, NOW, and money market savings deposits, 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) (Dollars in thousands) March 31, 2016 Financial instruments - assets Investment securities held to maturity $ 58,886 $ 59,573 $ — $ 59,573 $ — Loans 421,080 426,310 — — 426,310 Financial instruments - liabilities Certificates of deposit including retirement certificates 133,666 134,974 — 134,974 — Borrowings 29,334 29,957 — 29,957 — September 30, 2015 Financial instruments - assets Investment securities held to maturity $ 52,614 $ 53,248 $ — $ 53,248 $ — Loans 420,596 425,890 — — 425,890 Financial instruments - liabilities Certificates of deposit including retirement certificates 143,108 144,150 — 144,150 — Borrowings 31,594 32,231 — 32,231 — There were no transfers between fair value measurement placements for the three and six months ended March 31, 2016.

INVESTMENT SECURITIES

INVESTMENT SECURITIES	6 Months Ended
	Mar. 31, 2016
INVESTMENT SECURITIES [Abstract]
INVESTMENT SECURITIES	NOTE H - INVESTMENT SECURITIES The following tables summarize the amortized cost and fair values of securities available for sale at March 31, 2016 and September 30, 2015: March 31, 2016 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Dollars in thousands) Securities available for sale: Obligations of U.S. government-sponsored enterprises: Mortgage-backed securities-residential $ 7,930 $ 48 $ — $ 7,978 Private label mortgage-backed securities-residential 128 — — 128 Total securities available for sale $ 8,058 $ 48 $ — $ 8,106 September 30, 2015 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Dollars in thousands) Securities available-for-sale: Obligations of U.S. government-sponsored enterprises: Mortgage-backed securities-residential $ 5,839 $ 82 $ (7 ) $ 5,914 Private label mortgage-backed securities-residential 151 — (1 ) 150 Total securities available for sale $ 5,990 $ 82 $ (8 ) $ 6,064 The maturities of the debt securities and mortgage-backed securities available for sale at March 31, 2016 are summarized in the following table: March 31, 2016 Amortized Fair Cost Value (Dollars 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 8,058 8,106 Commercial — — Total $ 8,058 $ 8,106 The following tables summarize the amortized cost and fair values of securities held to maturity at March 31, 2016 and September 30, 2015: March 31, 2016 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Dollars in thousands) Securities held to maturity: Obligations of U.S. government agencies: Mortgage-backed securities - residential $ 4,973 $ 170 $ (102 ) $ 5,041 Mortgage-backed securities - commercial 1,067 — (2 ) 1,065 Obligations of U.S. government-sponsored enterprises: Mortgage-backed-securities - residential 42,320 885 (13 ) 43,192 Debt securities 7,000 3 — 7,003 Private label mortgage-backed securities - residential 526 — (4 ) 522 Corporate securities 3,000 — (250 ) 2,750 Total securities held to maturity $ 58,886 $ 1,058 $ (371 ) $ 59,573 September 30, 2015 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Dollars in thousands) Securities held to maturity: Obligations of U.S. government agencies: Mortgage-backed securities - residential $ 5,414 $ 156 $ (99 ) $ 5,471 Mortgage-backed securities - commercial 1,101 — (2 ) 1,099 Obligations of U.S. government-sponsored enterprises: Mortgage backed securities - residential 37,563 647 (67 ) 38,143 Debt securities 5,000 2 (25 ) 4,977 Private label mortgage-backed securities - residential 536 1 (1 ) 536 Corporate securities 3,000 22 — 3,022 Total securities held to maturity $ 52,614 $ 828 $ (194 ) $ 53,248 The maturities of the debt securities and the mortgage backed securities held to maturity at March 31, 2016 are summarized in the following table: March 31, 2016 Amortized Fair Cost Value (Dollars in thousands) Due within 1 year $ — $ — Due after 1 but within 5 years 2,000 2,000 Due after 5 but within 10 years 4,000 4,003 Due after 10 years 4,000 3,750 Total debt securities 10,000 9,753 Mortgage-backed securities: Residential 47,819 48,755 Commercial 1,067 1,065 Total $ 58,886 $ 59,573

IMPAIRMENT OF INVESTMENT SECURI

IMPAIRMENT OF INVESTMENT SECURITIES	6 Months Ended
	Mar. 31, 2016
IMPAIRMENT OF INVESTMENT SECURITIES [Abstract]
IMPAIRMENT OF INVESTMENT SECURITIES	NOTE I – IMPAIRMENT OF INVESTMENT SECURITIES The Company recognizes credit-related other-than-temporary impairment on debt securities in earnings while noncredit-related other-than-temporary impairment on debt securities not expected to be sold are recognized in other comprehensive income (“OCI”). The Company reviews its investment portfolio on a quarterly basis for indications of impairment. This review includes analyzing the length of time and the extent to which the fair value has been lower than the cost, the financial condition and near-term prospects of the issuer, including any specific events which may influence the operations of the issuer and the intent and ability to hold the investment for a period of time sufficient to allow for any anticipated recovery in the market. The Company evaluates its intent and ability to hold debt securities based upon its investment strategy for the particular type of security and its cash flow needs, liquidity position, capital adequacy and interest rate risk position. In addition, the risk of future other-than-temporary impairment may be influenced by prolonged recession in the U.S. economy, changes in real estate values and interest deferrals. Investment securities with fair values more than their amortized cost contain unrealized gains. The Company also evaluated the securities with unrealized losses. The following tables present the gross unrealized losses and fair value at March 31, 2016 and September 30, 2015 for both available for sale and held to maturity securities by investment category and time frame for which the loss has been outstanding: March 31, 2016 Less Than 12 Months 12 Months Or Greater Total Number of Fair Unrealized Fair Unrealized Fair Unrealized Securities Value Losses Value Losses Value Losses (Dollars in thousands) Obligations of U.S. government agencies: Mortgage-backed securities - residential 2 $ — $ — $ 940 $ (102 ) $ 940 $ (102 ) Mortgage-backed securities - commercial 1 1,065 (2 ) — — 1,065 (2 ) Obligations of U.S. government-sponsored enterprises Mortgage-backed securities - residential 2 — — 3,413 (13 ) 3,413 (13 ) Private label mortgage-backed securities residential 3 521 (4 ) 16 — 537 (4 ) Corporate securities 1 2,750 (250 ) — — 2,750 (250 ) Total 9 $ 4,336 $ (256 ) $ 4,369 $ (115 ) $ 8,705 $ (371 ) September 30, 2015 Less Than 12 Months 12 Months Or Greater Total Number of Fair Unrealized Fair Unrealized Fair Unrealized Securities Value Losses Value Losses Value Losses (Dollars in thousands) Obligations of U.S. government agencies: Mortgage-backed securities - residential 3 $ — $ — $ 2,254 $ (99 ) $ 2,254 $ (99 ) Mortgage-backed securities - commercial 1 1,099 (2 ) — — 1,099 (2 ) Obligations of U.S. government-sponsored enterprises Mortgage-backed securities - residential 7 4,424 (34 ) 8,688 (33 ) 13,112 (67 ) Debt securities 1 — — 1,975 (25 ) 1,975 (25 ) Private label mortgage-backed securities residential 2 — — 223 (1 ) 223 (1 ) Total 14 $ 5,523 $ (36 ) $ 13,140 $ (158 ) $ 18,663 $ (194 ) The Company also evaluated securities with unrealized losses. At March 31, 2016 and September 30, 2015, there were nineand fourteen, respectively, investment securities with unrealized losses. The Company anticipates full recovery of amortized costs with respect to these securities with unrealized losses. The Company does not intend to sell these securities and has determined that it is not more likely than not that the Company would be required to sell these securities prior to maturity or market price recovery. Management has considered factors regarding other than temporarily impaired securities and determined that there are no securities with impairment that is other than temporary as of March 31, 2016 and September 30, 2015.

LOANS RECEIVABLE, NET AND RELAT

LOANS RECEIVABLE, NET AND RELATED ALLOWANCE FOR LOAN LOSSES	6 Months Ended
	Mar. 31, 2016
LOANS RECEIVABLE, NET AND RELATED ALLOWANCE FOR LOAN LOSSES [Abstract]
LOANS RECEIVABLE, NET AND RELATED ALLOWANCE FOR LOAN LOSSES	NOTE J – LOANS RECEIVABLE, NET AND RELATED ALLOWANCE FOR LOAN LOSSES Loans receivable, net were comprised of the following: March 31, September 30, 2016 2015 (Dollars in thousands) One-to four-family residential $ 162,135 $ 169,781 Commercial real estate 178,626 173,864 Construction 11,755 6,679 Home equity lines of credit 22,006 21,176 Commercial business 39,262 41,485 Other 9,991 10,305 Total loans receivable 423,775 423,290 Net deferred loan costs 195 192 Allowance for loan losses (2,890 ) (2,886 ) Total loans receivable, net $ 421,080 $ 420,596 The segments of the Bank's loan portfolio are disaggregated to a level that allows management to monitor risk and performance. The residential mortgage loan segment is further disaggregated into two classes: amortizing term loans, which are primarily first liens, and home equity lines of credit, which are generally second liens. The commercial real estate loan segment is further disaggregated into three classes: commercial real estate loans include loans secured by multifamily structures, owner-occupied commercial structures, and non-owner occupied nonresidential properties. The construction loan segment consists primarily of loans to developers or investors for the purpose of acquiring, developing and constructing residential or commercial structures and to a lesser extent one-to-four family residential construction loans made to individuals for the acquisition of and/or construction on a lot or lots on which a residential dwelling is to be built. Construction loans to developers and investors have a higher risk profile because the ultimate buyer, once development is completed, is generally not known at the time of the loan. The commercial business loan segment consists of loans made for the purpose of financing the activities of commercial customers and consists primarily of revolving lines of credit. The consumer loan segment consists primarily of stock-secured installment loans, but also includes unsecured personal loans and overdraft lines of credit connected with customer deposit accounts. Management evaluates individual loans in all segments for possible impairment if the loan either is in nonaccrual status, or is risk rated Substandard and is greater than 90 days past due. Loans are considered to be impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in evaluating impairment include payment status, collateral value, and the probability of collecting scheduled principal and interest payments when due. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower's prior payment record, and the amount of the shortfall in relation to the principal and interest owed. Once the determination has been made that a loan is impaired, the recorded investment in the loan is compared to the fair value of the loan using one of three methods: (a) the present value of expected future cash flows discounted at the loan's effective interest rate; (b) the loan's observable market price; or (c) the fair value of the collateral securing the loan, less anticipated selling and disposition costs. The method is selected on a loan-by loan basis, with management primarily utilizing the fair value of collateral method. If there is a shortfall between the fair value of the loan and the recorded investment in the loan, the Company charges the difference to the allowance for loan loss as a charge-off and carries the impaired loan on its books at fair value. It is the Company's policy to evaluate impaired loans on an annual basis to ensure the recorded investment in a loan does not exceed its fair value. The following table presents impaired loans by class, segregated by those for which a specific allowance was required and charged-off and those for which a specific allowance was not necessary at the dates presented: Impaired Loans with Impaired Loans with No Specific Specific Allowance Allowance Total Impaired Loans Recorded Related Recorded Recorded Principal At March 31, 2016 Investment Allowance Investment Investment Balance (Dollars in thousands) One-to four-family residential $ — $ — $ 4,132 $ 4,132 $ 4,275 Commercial real estate — — 4,995 4,995 6,501 Home equity lines of credit — — 29 29 29 Commercial business 1,307 95 273 1,580 1,963 Total impaired loans $ 1,307 $ 95 $ 9,429 $ 10,736 $ 12,768 Impaired Loans with Impaired Loans with No Specific Specific Allowance Allowance Total Impaired Loans Recorded Related Recorded Recorded Principal At September 30, 2015 Investment Allowance Investment Investment Balance (Dollars in thousands) One-to four-family residential $ — $ — $ 3,017 $ 3,017 $ 3,134 Commercial real estate — — 5,447 5,447 6,556 Home equity lines of credit — — 417 417 521 Commercial business 1,690 201 66 1,756 1,756 Total impaired loans $ 1,690 $ 201 $ 8,947 $ 10,637 $ 11,967 The following table presents the average recorded investment in impaired loans for the periods indicated. There was no interest income recognized on impaired loans during the periods presented. Three Months Six Months Ended March 31, 2016 Ended March 31, 2016 (Dollars in thousands) One-to four-family residential $ 3,553 $ 3,374 Commercial real estate 5,211 5,289 Home equity lines of credit 139 231 Commercial business 1,773 1,767 Average investment in impaired loans $ 10,676 $ 10,661 Three Months Six Months Ended March 31, 2015 Ended March 31, 2015 (Dollars in thousands) One-to four-family residential $ 6,937 $ 7,532 Commercial real estate 5,215 5,159 Construction 1,942 2,054 Home equity lines of credit 484 599 Commercial business 1,899 1,380 Average investment in impaired loans $ 16,477 $ 16,724 Management uses a ten point internal risk rating system to monitor the credit quality of the overall loan portfolio. The first six categories are considered not criticized, and are aggregated as “Pass” rated. The criticized rating categories utilized by management generally follow bank regulatory definitions. The Special Mention category includes assets that are currently protected but are potentially weak, resulting in an undue and unwarranted credit risk, but not to the point of justifying a Substandard classification. Loans in the Substandard category have well-defined weaknesses that jeopardize the liquidation of the debt, and have a distinct possibility that some loss will be sustained if the weaknesses are not corrected. Loans classified Doubtful have all the weaknesses inherent in loans classified Substandard with the added characteristic that collection or liquidation in full, on the basis of current conditions and facts, is highly improbable. To help ensure that risk ratings are accurate and reflect the present and future capacity of borrowers to repay a loan as agreed, the Bank has a structured loan rating process with several layers of internal and external oversight. Generally, consumer and residential mortgage loans are included in the Pass categories unless a specific action, such as severe delinquency, bankruptcy, repossession, or death occurs to raise awareness of a possible credit event. The Bank's Commercial Loan Officers are responsible for the timely and accurate risk rating of the loans in their portfolios at origination and on an ongoing basis. The Asset Review Committee performs monthly reviews of all commercial relationships internally rated 6 (“Watch”) or worse. Confirmation of the appropriate risk grade is performed by an external Loan Review Company that semi-annually reviews and assesses loans within the portfolio. Generally, the external consultant reviews commercial relationships greater than $500,000 and/or criticized relationships greater than $250,000. Detailed reviews, including plans for resolution, are performed on loans classified as Substandard on a monthly basis. The following table presents the classes of the loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the Bank's internal risk rating system at the dates presented: Special Pass Mention Substandard Doubtful Total (Dollars in thousands) March 31, 2016 One-to four-family residential $ 158,993 $ — $ 3,142 $ — $ 162,135 Commercial real estate 174,766 — 3,860 — 178,626 Construction 9,277 — 2,478 — 11,755 Home equity lines of credit 21,300 — 706 — 22,006 Commercial business 37,936 — 19 1,307 39,262 Other 9,991 — — — 9,991 Total $ 412,263 $ — $ 10,205 $ 1,307 $ 423,775 Special Pass Mention Substandard Doubtful Total (Dollars in thousands) September 30, 2015 One-to four-family residential $ 166,846 $ — $ 2,935 $ — $ 169,781 Commercial real estate 169,239 210 3,309 1,106 173,864 Construction 2,468 — 4,211 — 6,679 Home equity lines of credit 19,436 — 1,740 — 21,176 Commercial business 39,764 — 1,721 — 41,485 Other 10,305 — — — 10,305 Total $ 408,058 $ 210 $ 13,916 $ 1,106 $ 423,290 Management further monitors the performance and credit quality of the loan portfolio by analyzing the age of the portfolio as determined by the length of time a recorded payment is past due. The following table presents the classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans at the dates presented: 30-59 60-89 Days Days 90 Days + Total Non- Total Current Past Due Past Due Past Due Past Due Accrual Loans (Dollars in thousands) March 31, 2016 One-to four-family residential $ 159,018 $ 45 $ — $ 3,072 $ 3,117 $ 3,072 $ 162,135 Commercial real estate 177,144 2 — 1,480 1,482 1,480 178,626 Construction 11,755 — — — — — 11,755 Home equity lines of credit 21,972 — — 34 34 34 22,006 Commercial business 37,527 4 — 1,731 1,735 1,731 39,262 Other 9,991 — — — — — 9,991 Total $ 417,407 $ 51 $ — $ 6,317 $ 6,368 $ 6,317 $ 423,775 30-59 60-89 Days Days 90 Days + Total Non- Total Current Past Due Past Due Past Due Past Due Accrual Loans (Dollars in thousands) September 30, 2015 One-to four-family residential $ 166,993 $ — $ 730 $ 2,058 $ 2,788 $ 2,058 $ 169,781 Commercial real estate 171,969 — — 1,895 1,895 1,895 173,864 Construction 6,679 — — — — — 6,679 Home equity lines of credit 20,921 — — 255 255 255 21,176 Commercial business 39,777 — 19 1,689 1,708 1,689 41,485 Other 10,305 — — — — — 10,305 Total $ 416,644 $ — $ 749 $ 5,897 $ 6,646 $ 5,897 $ 423,290 An allowance for loan losses (“ALL”) is maintained to absorb losses from the loan portfolio. The ALL is based on management's continuing evaluation of the risk characteristics and credit quality of the loan portfolio, assessment of current economic conditions, diversification and size of the portfolio, adequacy of collateral, past and anticipated loss experience, and the amount of non-performing loans (“NPLs”). The Bank's methodology for determining the ALL is based on the requirements of ASC Section 310-10-35 for loans individually evaluated for impairment (discussed above) and ASC Subtopic 450-20 for loans collectively evaluated for impairment, as well as the Interagency Policy Statements on the Allowance for Loan and Lease Losses and other bank regulatory guidance. Loans that are collectively evaluated for impairment are analyzed with general allowances being made as appropriate. For general allowances, historical loss trends are used in the estimation of losses in the current portfolio. These historical loss amounts are modified by other qualitative and economic factors. The loans are segmented into classes based on their inherent varying degrees of risk, as described above. Management tracks the historical net charge-off activity by segment and utilizes this figure, as a percentage of the segment, as the general reserve percentage for pooled, homogenous loans that have not been deemed impaired. Typically, an average of losses incurred over a defined number of consecutive historical years is used. Non-impaired credits are segregated for the application of qualitative factors. Management has identified a number of additional qualitative factors which it uses to supplement the historical charge-off factor because these factors are likely to cause estimated credit losses associated with the existing loan pools to differ from historical loss experience. The additional factors that are evaluated quarterly and updated using information obtained from internal, regulatory, and governmental sources include: national and local economic trends and conditions; levels of and trends in delinquency rates and non-accrual loans; trends in volumes and terms of loans; effects of changes in lending policies; experience, ability, and depth of lending staff; value of underlying collateral; and concentrations of credit from a loan type, industry and/or geographic standpoint. Management reviews the loan portfolio on a quarterly basis using a defined, consistently applied process in order to make appropriate and timely adjustments to the ALL. When information confirms all or part of specific loans to be uncollectible, these amounts are promptly charged off against the ALL. Since loans individually evaluated for impairment are promptly written down to their fair value, typically there is no portion of the ALL for loans individually evaluated for impairment. The following table summarizes the ALL by loan category and the related activity for the six months ended March 31, 2016: One-to-Four Home Equity Family Commercial Lines of Commercial Residential Real Estate Construction Credit Business Other Unallocated Total (Dollars in thousands) Balance- September 30, 2015 $ 395 $ 931 $ 453 $ 53 $ 969 $ 6 $ 79 $ 2,886 Charge-offs (45 ) — — — — — — (45 ) Recoveries — — — 80 1 — — 81 Provision 36 4 (71 ) (78 ) 255 3 29 178 Balance- December 31, 2015 $ 386 $ 935 $ 382 $ 55 $ 1,225 $ 9 $ 108 $ 3,100 Charge-offs — (61 ) — (84 ) (383 ) — — (528 ) Recoveries — — 1 — 26 — — 27 Provision 113 (3 ) (115 ) 100 125 (1 ) 72 291 Balance- March 31, 2016 $ 499 $ 871 $ 268 $ 71 $ 993 $ 8 $ 180 $ 2,890 The following table summarizes the ALL by loan category and the related activity for the six months ended March 31, 2015: One-to-Four Home Equity Family Commercial Lines of Commercial Residential Real Estate Construction Credit Business Other Unallocated Total (Dollars in thousands) Balance- September 30, 2014 $ 402 $ 826 $ 784 $ 62 $ 643 $ 9 $ 109 $ 2,835 Charge-offs (12 ) (193 ) — (147 ) — (1 ) — (353 ) Recoveries — — 37 — — — — 37 Provision 84 199 (73 ) 151 90 (2 ) (29 ) 420 Balance- December 31, 2014 $ 474 $ 832 $ 748 $ 66 $ 733 $ 6 $ 80 $ 2,939 Charge-offs (90 ) — (342 ) — (263 ) — — (695 ) Recoveries 400 — — — — — — 400 Provision (415 ) 10 114 (11 ) 434 — 38 170 Balance- March 31, 2015 $ 369 $ 842 $ 520 $ 55 $ 904 $ 6 $ 118 $ 2,814 The following table summarizes the ALL by loan category, segregated into the amount required for loans individually evaluated for impairment and the amount required for loans collectively evaluated for impairment as of March 31, 2016 and September 30, 2015: One-to-Four Home Equity Family Commercial Lines of Commercial Residential Real Estate Construction Credit Business Other Unallocated Total (Dollars in thousands) Allowance for Loan Losses: Balance - March 31, 2016 $ 499 $ 871 $ 268 $ 71 $ 993 $ 8 $ 180 $ 2,890 Individually evaluated for impairment — — — — 95 — — 95 Collectively evaluated for impairment 499 871 268 71 898 8 180 2,795 Loans receivable: Balance - March 31, 2016 $ 162,135 $ 178,626 $ 11,755 $ 22,006 $ 39,262 $ 9,991 $ — $ 423,775 Individually evaluated for impairment 4,132 4,995 — 29 1,580 — — 10,736 Collectively evaluated for impairment 158,003 173,631 11,755 21,977 37,682 9,991 — 413,039 One-to- Four Home Equity Family Commercial Lines of Commercial Residential Real Estate Construction Credit Business Other Unallocated Total (Dollars in thousands) Allowance for Loan Losses: Balance - September 30, 2015 $ 395 $ 931 $ 453 $ 53 $ 969 $ 6 $ 79 $ 2,886 Individually evaluated for impairment — — — — 201 — — 201 Collectively evaluated for impairment 395 931 453 53 768 6 79 2,685 Loans receivable: Balance - September 30, 2015 $ 169,781 $ 173,864 $ 6,679 $ 21,176 $ 41,485 $ 10,305 $ — $ 423,290 Individually evaluated for impairment 3,017 5,447 — 417 1,756 — — 10,637 Collectively evaluated for impairment 166,764 168,417 6,679 20,759 39,729 10,305 412,653 The allowance for loan losses is based on estimates, and actual losses will vary from current estimates. Management believes that the segmentation of the loan portfolio into homogeneous pools and the related historical loss ratios and other qualitative factors, as well as the consistency in the application of assumptions, result in an ALL that is representative of the risk found in the components of the portfolio at any given date. The Bank has adopted FASB ASU No. 2011-02 on the determination of whether a loan restructuring is considered to be a Troubled Debt Restructuring (“TDR”). A TDR is a loan that has been modified whereby the Bank has agreed to make certain concessions to a borrower to meet the needs of both the borrower and the Bank to maximize the ultimate recovery of a loan. TDR occurs when a borrower is experiencing, or is expected to experience, financial difficulties and the loan is modified using a modification that would otherwise not be granted to the borrower. The types of concessions granted generally include, but are not limited to, interest rate reductions, limitations on the accrued interest charged, term extensions, and deferment of principal. A default on a troubled debt restructured loan for purposes of this disclosure occurs when a borrower is 90 days past due or a foreclosure or repossession of the applicable collateral has occurred. There were no TDRs for the three and six months ended March and 2015. The Company foreclosed $ 726,000 3.1

DEPOSITS

DEPOSITS	6 Months Ended
	Mar. 31, 2016
DEPOSITS [Abstract]
DEPOSITS	NOTE K - DEPOSITS A summary of deposits by type of account are summarized as follows: 2016 2015 March 31 September 30 (Dollars in thousands) Demand accounts $ 90,964 $ 87,915 Savings accounts 95,549 90,196 NOW accounts 45,437 41,457 Money market accounts 113,875 103,593 Certificates of deposit 113,258 122,088 Retirement certificates 20,408 21,020 $ 479,491 $ 466,269

INCOME TAXES

INCOME TAXES	6 Months Ended
	Mar. 31, 2016
INCOME TAXES [Abstract]
INCOME TAXES	NOTE L – INCOME TAXES The Company records income taxes using the asset and liability method. Accordingly, deferred tax assets and liabilities: (i) are recognized for the expected future tax consequences of events that have been recognized in the financial statements or tax returns; (ii) are attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases; and (iii) are measured using enacted tax rates expected to apply in the years when those temporary differences are expected to be recovered or settled. Where applicable, deferred tax assets are reduced by a valuation allowance for any portions determined not likely to be realized. The valuation allowance is assessed by management on a quarterly basis and adjusted, by a charge or credit to income tax expense, as changes in facts and circumstances warrant. In assessing whether it is more likely than not that some portion or all of the deferred tax assets will not be realized, management considers projections of future taxable income, the projected periods in which current temporary differences will be deductible, the availability of carry forwards, feasible and permissible tax planning strategies and existing tax laws and regulations. Due to the uncertainty of the Company's ability to realize the benefit of certain deferred tax assets within statutory time limits, the net deferred tax assets are partially offset by a valuation allowance at March 31, 2016, the amount of which has increased $ 33,000 A reconciliation of income tax between the amounts calculated based upon pre-tax income at the Company's federal statutory rate and the amounts reflected in the consolidated statements of operations are as follows: For the Three Months For the Six Months Ended March 31, Ended March 31, 2016 2015 2016 2015 (Dollars in thousands) Income tax expense at 34 statutory federal tax rate $ 96 $ 68 $ 266 $ 154 State tax expense 31 12 76 23 Other (24 ) (28 ) (47 ) (53 ) Income tax expense $ 103 $ 52 $ 295 $ 124

FINANCIAL INSTRUMENTS WITH OFF-

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK	6 Months Ended
	Mar. 31, 2016
FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK [Abstract]
FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK	NOTE M - FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK The Company uses derivative financial instruments, such as interest rate floors and collars, as part of its interest rate risk management. Interest rate caps and floors are agreements whereby one party agrees to pay or receive a floating rate of interest on a notional principal amount for a predetermined period of time if certain market interest rate thresholds are met. The Company considers the credit risk inherent in these contracts to be negligible. The Bank is a party to financial instruments with off-balance-sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments are commitments to extend credit are summarized in the below table. Those instruments involve, to varying degrees, elements of credit and interest rate risk in excess of the amounts recognized in the balance sheets. 2016 2015 March 31 September 30 (Dollars in thousands) Financial instruments whose contract amounts represent credit risk Letters of credit $ 306 $ 694 Unused lines of credit 49,407 45,039 Fixed rate loan commitments 1,613 1,597 Variable rate loan commitments 13,758 7,937 $ 65,084 $ 55,267

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	6 Months Ended
	Mar. 31, 2016
EARNINGS PER SHARE [Abstract]
Schedule of earnings per share	For the Three Months For the Six Months Ended March 31, Ended March 31, 2016 2015 2016 2015 (In thousands except for per share data) Income applicable to common shares $ 178 $ 147 $ 487 $ 329 Weighted average number of common shares outstanding - basic 5,820 5,819 5,820 5,818 Stock options and restricted stock — — — — Weighted average number of common shares and common share equivalents - diluted 5,820 5,819 5,820 5,818 Basic earnings per share $ 0.03 $ 0.03 $ 0.08 $ 0.06 Diluted earnings per share $ 0.03 $ 0.03 $ 0.08 $ 0.06

STOCK-BASED COMPENSATION AND 22

STOCK-BASED COMPENSATION AND STOCK REPURCHASE PROGRAM (Tables)	6 Months Ended
	Mar. 31, 2016
STOCK-BASED COMPENSATION AND STOCK REPURCHASE PROGRAM [Abstract]
Schedule of entity's stock option activity and related information	Weighted Weighted Average Aggregate Number of Average Remaining Intrinsic Stock Options Exercise Price Contractual Life Value Balance at September 30, 2015 188,276 $ 14.61 1.4 $ — Granted — — Exercised — — Forfeited — — Balance at March 31, 2016 188,276 $ 14.61 0.9 $ — Exercisable at March 31, 2016 188,276 $ 14.61 0.9 $ — Weighted Weighted Average Aggregate Number of Average Remaining Intrinsic Stock Options Exercise Price Contractual Life Value Balance at September 30, 2014 188,276 $ 14.61 2.4 Granted — — Exercised — — Forfeited — — Balance at March 31, 2015 188,276 $ 14.61 1.9 $ — Exercisable at March 31, 2015 188,276 $ 14.61 1.9 $ —
Summary of non-vested restricted stock awards	Weighted Average Number of Grant Date Stock Awards Fair Value Balance at September 30, 2015 1,252 $ 4.30 Granted — — Vested — — Forfeited — — Balance at March 31, 2016 1,252 $ 4.30 Weighted Average Number of Grant Date Stock Awards Fair Value Balance at September 30, 2014 5,302 $ 4.41 Granted — — Vested — — Forfeited — — Balance at March 31, 2015 5,302 $ 4.41

OTHER COMPREHENSIVE INCOME (L23

OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	6 Months Ended
	Mar. 31, 2016
OTHER COMPREHENSIVE INCOME (LOSS) [Abstract]
Schedule of components of other comprehensive income (loss) and the related income tax effects	Three Months Ended March 31, 2016 2015 Tax Net of Tax Net of Before Tax Benefit Tax Before Tax Benefit Tax Amount (Expense) Amount Amount (Expense) Amount (Dollars in thousands) Unrealized holding gain arising during period on: Available-for-sale investments $ 207 $ (76 ) $ 131 $ 87 $ (33 ) $ 54 Less reclassification adjustment for net realized on available-for-sale investments (a) (b) (24 ) 10 (14 ) (12 ) 5 (7 ) Other comprehensive income, net $ 183 $ (66 ) $ 117 $ 75 $ (28 ) $ 47 Six Months Ended March 31, 2016 2015 Tax Net of Tax Net of Before Tax Benefit Tax Before Tax Benefit Tax Amount (Expense) Amount Amount (Expense) Amount (Dollars in thousands) Unrealized holding gain arising during period on: Available-for-sale investments $ 37 $ (16 ) $ 21 $ 178 $ (67 ) $ 111 Less reclassification adjustment for net realized on available-for-sale investments (a) (b) (63 ) 25 (38 ) (42 ) 17 (25 ) Other comprehensive income, net $ (26 ) $ 9 $ (17 ) $ 136 $ (50 ) $ 86 (a) Realized gains on securities transactions included in gains on sales of investment securities in the accompanying Consolidated Statements of Operations (b) Tax effect included in income tax expense in the accompanying Consolidated Statements of Operations

FAIR VALUE DISCLOSURES (Tables)

FAIR VALUE DISCLOSURES (Tables)	6 Months Ended
	Mar. 31, 2016
FAIR VALUE DISCLOSURES [Abstract]
Schedule of assets measured at fair value on a recurring basis	Fair Value at March 31, 2016 Total Level 1 Level 2 Level 3 (Dollars in thousands) Securities available for sale: Obligations of U.S. government-sponsored enterprises: Mortgage-backed securities-residential $ 7,978 $ — $ 7,978 $ — Private label mortgage-backed securities-residential 128 — 128 — Total securities available for sale $ 8,106 $ — $ 8,106 $ — Fair Value at September 30, 2015 Total Level 1 Level 2 Level 3 (Dollars in thousands) Securities available for sale: Obligations of U.S. government-sponsored enterprises: Mortgage-backed securities-residential $ 5,914 $ — $ 5,914 $ — Private label mortgage-backed securities-residential 150 — 150 — Total securities available for sale $ 6,064 $ — $ 6,064 $ —
Schedule of assets measured at fair value on a non-recurring basis	Fair Value at March 31, 2016 Total Level 1 Level 2 Level 3 (Dollars in thousands) Impaired loans $ 1,212 $ — $ — $ 1,212 Other real estate owned 16,296 — — 16,296 $ 17,508 $ — $ — $ 17,508 Fair Value at September 30, 2015 Total Level 1 Level 2 Level 3 (Dollars in thousands) Impaired loans $ 1,489 $ — $ — $ 1,489 Other real estate owned 16,192 — — 16,192 $ 17,681 $ — $ — $ 17,681
Schedule of quantitative information about assets measured at fair value on a nonrecurring bassis for which Level 3 inputs were used to determine fair value	Quantitative Information about Level 3 Fair Value Measurements (Dollars in thousands) Fair Value Valuation March 31, 2016 Estimate Techniques Unobservable Input Range (Weighted Average) Impaired loans $ 1,212 Appraisal of Appraisal adjustments (2) -13.0 -32.0 -29.0 Other real estate owned $ 16,296 Appraisal of Liquidation expenses (2) -3.9 -37.0 -11.5 Fair Value Valuation September 30, 2015 Estimate Techniques Unobservable Input Range (Weighted Average) Impaired loans $ 1,489 Appraisal of Appraisal adjustments (2) -16.0 -40.0 -8.0 Other real estate owned $ 16,192 Appraisal of Liquidation expenses (2) 0.0 -41.2 -15.1 (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	Carrying Fair Fair Value Measurement Placement Value Value (Level 1) (Level 2) (Level 3) (Dollars in thousands) March 31, 2016 Financial instruments - assets Investment securities held to maturity $ 58,886 $ 59,573 $ — $ 59,573 $ — Loans 421,080 426,310 — — 426,310 Financial instruments - liabilities Certificates of deposit including retirement certificates 133,666 134,974 — 134,974 — Borrowings 29,334 29,957 — 29,957 — September 30, 2015 Financial instruments - assets Investment securities held to maturity $ 52,614 $ 53,248 $ — $ 53,248 $ — Loans 420,596 425,890 — — 425,890 Financial instruments - liabilities Certificates of deposit including retirement certificates 143,108 144,150 — 144,150 — Borrowings 31,594 32,231 — 32,231 —

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	6 Months Ended
	Mar. 31, 2016
INVESTMENT SECURITIES [Abstract]
Summary of the amortized cost and fair values of securities available for sale	March 31, 2016 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Dollars in thousands) Securities available for sale: Obligations of U.S. government-sponsored enterprises: Mortgage-backed securities-residential $ 7,930 $ 48 $ — $ 7,978 Private label mortgage-backed securities-residential 128 — — 128 Total securities available for sale $ 8,058 $ 48 $ — $ 8,106 September 30, 2015 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Dollars in thousands) Securities available-for-sale: Obligations of U.S. government-sponsored enterprises: Mortgage-backed securities-residential $ 5,839 $ 82 $ (7 ) $ 5,914 Private label mortgage-backed securities-residential 151 — (1 ) 150 Total securities available for sale $ 5,990 $ 82 $ (8 ) $ 6,064
Summary of maturities of the debt securities and mortgage-backed securities available for sale	March 31, 2016 Amortized Fair Cost Value (Dollars 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 8,058 8,106 Commercial — — Total $ 8,058 $ 8,106
Summary of the amortized cost and fair values of securities held to maturity	March 31, 2016 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Dollars in thousands) Securities held to maturity: Obligations of U.S. government agencies: Mortgage-backed securities - residential $ 4,973 $ 170 $ (102 ) $ 5,041 Mortgage-backed securities - commercial 1,067 — (2 ) 1,065 Obligations of U.S. government-sponsored enterprises: Mortgage-backed-securities - residential 42,320 885 (13 ) 43,192 Debt securities 7,000 3 — 7,003 Private label mortgage-backed securities - residential 526 — (4 ) 522 Corporate securities 3,000 — (250 ) 2,750 Total securities held to maturity $ 58,886 $ 1,058 $ (371 ) $ 59,573 September 30, 2015 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Dollars in thousands) Securities held to maturity: Obligations of U.S. government agencies: Mortgage-backed securities - residential $ 5,414 $ 156 $ (99 ) $ 5,471 Mortgage-backed securities - commercial 1,101 — (2 ) 1,099 Obligations of U.S. government-sponsored enterprises: Mortgage backed securities - residential 37,563 647 (67 ) 38,143 Debt securities 5,000 2 (25 ) 4,977 Private label mortgage-backed securities - residential 536 1 (1 ) 536 Corporate securities 3,000 22 — 3,022 Total securities held to maturity $ 52,614 $ 828 $ (194 ) $ 53,248
Summary of maturities of the debt securities and mortgage-backed securities securities held to maturity	March 31, 2016 Amortized Fair Cost Value (Dollars in thousands) Due within 1 year $ — $ — Due after 1 but within 5 years 2,000 2,000 Due after 5 but within 10 years 4,000 4,003 Due after 10 years 4,000 3,750 Total debt securities 10,000 9,753 Mortgage-backed securities: Residential 47,819 48,755 Commercial 1,067 1,065 Total $ 58,886 $ 59,573

IMPAIRMENT OF INVESTMENT SECU26

IMPAIRMENT OF INVESTMENT SECURITIES (Tables)	6 Months Ended
	Mar. 31, 2016
IMPAIRMENT OF INVESTMENT SECURITIES [Abstract]
Schedule of gross unrealized losses and fair value for both available for sale and held to maturity securities by investment category and time frame for which the loss has been outstanding	March 31, 2016 Less Than 12 Months 12 Months Or Greater Total Number of Fair Unrealized Fair Unrealized Fair Unrealized Securities Value Losses Value Losses Value Losses (Dollars in thousands) Obligations of U.S. government agencies: Mortgage-backed securities - residential 2 $ — $ — $ 940 $ (102 ) $ 940 $ (102 ) Mortgage-backed securities - commercial 1 1,065 (2 ) — — 1,065 (2 ) Obligations of U.S. government-sponsored enterprises Mortgage-backed securities - residential 2 — — 3,413 (13 ) 3,413 (13 ) Private label mortgage-backed securities residential 3 521 (4 ) 16 — 537 (4 ) Corporate securities 1 2,750 (250 ) — — 2,750 (250 ) Total 9 $ 4,336 $ (256 ) $ 4,369 $ (115 ) $ 8,705 $ (371 ) September 30, 2015 Less Than 12 Months 12 Months Or Greater Total Number of Fair Unrealized Fair Unrealized Fair Unrealized Securities Value Losses Value Losses Value Losses (Dollars in thousands) Obligations of U.S. government agencies: Mortgage-backed securities - residential 3 $ — $ — $ 2,254 $ (99 ) $ 2,254 $ (99 ) Mortgage-backed securities - commercial 1 1,099 (2 ) — — 1,099 (2 ) Obligations of U.S. government-sponsored enterprises Mortgage-backed securities - residential 7 4,424 (34 ) 8,688 (33 ) 13,112 (67 ) Debt securities 1 — — 1,975 (25 ) 1,975 (25 ) Private label mortgage-backed securities residential 2 — — 223 (1 ) 223 (1 ) Total 14 $ 5,523 $ (36 ) $ 13,140 $ (158 ) $ 18,663 $ (194 )

LOANS RECEIVABLE, NET AND REL27

LOANS RECEIVABLE, NET AND RELATED ALLOWANCE FOR LOAN LOSSES (Tables)	6 Months Ended
	Mar. 31, 2016
LOANS RECEIVABLE, NET AND RELATED ALLOWANCE FOR LOAN LOSSES [Abstract]
Schedule of loans receivable, net	March 31, September 30, 2016 2015 (Dollars in thousands) One-to four-family residential $ 162,135 $ 169,781 Commercial real estate 178,626 173,864 Construction 11,755 6,679 Home equity lines of credit 22,006 21,176 Commercial business 39,262 41,485 Other 9,991 10,305 Total loans receivable 423,775 423,290 Net deferred loan costs 195 192 Allowance for loan losses (2,890 ) (2,886 ) Total loans receivable, net $ 421,080 $ 420,596
Schedule of impaired loans	Impaired Loans with Impaired Loans with No Specific Specific Allowance Allowance Total Impaired Loans Recorded Related Recorded Recorded Principal At March 31, 2016 Investment Allowance Investment Investment Balance (Dollars in thousands) One-to four-family residential $ — $ — $ 4,132 $ 4,132 $ 4,275 Commercial real estate — — 4,995 4,995 6,501 Home equity lines of credit — — 29 29 29 Commercial business 1,307 95 273 1,580 1,963 Total impaired loans $ 1,307 $ 95 $ 9,429 $ 10,736 $ 12,768 Impaired Loans with Impaired Loans with No Specific Specific Allowance Allowance Total Impaired Loans Recorded Related Recorded Recorded Principal At September 30, 2015 Investment Allowance Investment Investment Balance (Dollars in thousands) One-to four-family residential $ — $ — $ 3,017 $ 3,017 $ 3,134 Commercial real estate — — 5,447 5,447 6,556 Home equity lines of credit — — 417 417 521 Commercial business 1,690 201 66 1,756 1,756 Total impaired loans $ 1,690 $ 201 $ 8,947 $ 10,637 $ 11,967
Schedule of average recorded investment in impaired loans	Three Months Six Months Ended March 31, 2016 Ended March 31, 2016 (Dollars in thousands) One-to four-family residential $ 3,553 $ 3,374 Commercial real estate 5,211 5,289 Home equity lines of credit 139 231 Commercial business 1,773 1,767 Average investment in impaired loans $ 10,676 $ 10,661 Three Months Six Months Ended March 31, 2015 Ended March 31, 2015 (Dollars in thousands) One-to four-family residential $ 6,937 $ 7,532 Commercial real estate 5,215 5,159 Construction 1,942 2,054 Home equity lines of credit 484 599 Commercial business 1,899 1,380 Average investment in impaired loans $ 16,477 $ 16,724
Schedule of loan portfolio summarized by Bank's internal risk rating system	Special Pass Mention Substandard Doubtful Total (Dollars in thousands) March 31, 2016 One-to four-family residential $ 158,993 $ — $ 3,142 $ — $ 162,135 Commercial real estate 174,766 — 3,860 — 178,626 Construction 9,277 — 2,478 — 11,755 Home equity lines of credit 21,300 — 706 — 22,006 Commercial business 37,936 — 19 1,307 39,262 Other 9,991 — — — 9,991 Total $ 412,263 $ — $ 10,205 $ 1,307 $ 423,775 Special Pass Mention Substandard Doubtful Total (Dollars in thousands) September 30, 2015 One-to four-family residential $ 166,846 $ — $ 2,935 $ — $ 169,781 Commercial real estate 169,239 210 3,309 1,106 173,864 Construction 2,468 — 4,211 — 6,679 Home equity lines of credit 19,436 — 1,740 — 21,176 Commercial business 39,764 — 1,721 — 41,485 Other 10,305 — — — 10,305 Total $ 408,058 $ 210 $ 13,916 $ 1,106 $ 423,290
Schedule of aging analysis of past due loans, segregated by class of loans	30-59 60-89 Days Days 90 Days + Total Non- Total Current Past Due Past Due Past Due Past Due Accrual Loans (Dollars in thousands) March 31, 2016 One-to four-family residential $ 159,018 $ 45 $ — $ 3,072 $ 3,117 $ 3,072 $ 162,135 Commercial real estate 177,144 2 — 1,480 1,482 1,480 178,626 Construction 11,755 — — — — — 11,755 Home equity lines of credit 21,972 — — 34 34 34 22,006 Commercial business 37,527 4 — 1,731 1,735 1,731 39,262 Other 9,991 — — — — — 9,991 Total $ 417,407 $ 51 $ — $ 6,317 $ 6,368 $ 6,317 $ 423,775 30-59 60-89 Days Days 90 Days + Total Non- Total Current Past Due Past Due Past Due Past Due Accrual Loans (Dollars in thousands) September 30, 2015 One-to four-family residential $ 166,993 $ — $ 730 $ 2,058 $ 2,788 $ 2,058 $ 169,781 Commercial real estate 171,969 — — 1,895 1,895 1,895 173,864 Construction 6,679 — — — — — 6,679 Home equity lines of credit 20,921 — — 255 255 255 21,176 Commercial business 39,777 — 19 1,689 1,708 1,689 41,485 Other 10,305 — — — — — 10,305 Total $ 416,644 $ — $ 749 $ 5,897 $ 6,646 $ 5,897 $ 423,290
Schedule of activity in the allowance for loan losses by portfolio segment	One-to-Four Home Equity Family Commercial Lines of Commercial Residential Real Estate Construction Credit Business Other Unallocated Total (Dollars in thousands) Balance- September 30, 2015 $ 395 $ 931 $ 453 $ 53 $ 969 $ 6 $ 79 $ 2,886 Charge-offs (45 ) — — — — — — (45 ) Recoveries — — — 80 1 — — 81 Provision 36 4 (71 ) (78 ) 255 3 29 178 Balance- December 31, 2015 $ 386 $ 935 $ 382 $ 55 $ 1,225 $ 9 $ 108 $ 3,100 Charge-offs — (61 ) — (84 ) (383 ) — — (528 ) Recoveries — — 1 — 26 — — 27 Provision 113 (3 ) (115 ) 100 125 (1 ) 72 291 Balance- March 31, 2016 $ 499 $ 871 $ 268 $ 71 $ 993 $ 8 $ 180 $ 2,890 One-to-Four Home Equity Family Commercial Lines of Commercial Residential Real Estate Construction Credit Business Other Unallocated Total (Dollars in thousands) Balance- September 30, 2014 $ 402 $ 826 $ 784 $ 62 $ 643 $ 9 $ 109 $ 2,835 Charge-offs (12 ) (193 ) — (147 ) — (1 ) — (353 ) Recoveries — — 37 — — — — 37 Provision 84 199 (73 ) 151 90 (2 ) (29 ) 420 Balance- December 31, 2014 $ 474 $ 832 $ 748 $ 66 $ 733 $ 6 $ 80 $ 2,939 Charge-offs (90 ) — (342 ) — (263 ) — — (695 ) Recoveries 400 — — — — — — 400 Provision (415 ) 10 114 (11 ) 434 — 38 170 Balance- March 31, 2015 $ 369 $ 842 $ 520 $ 55 $ 904 $ 6 $ 118 $ 2,814 One-to-Four Home Equity Family Commercial Lines of Commercial Residential Real Estate Construction Credit Business Other Unallocated Total (Dollars in thousands) Allowance for Loan Losses: Balance - March 31, 2016 $ 499 $ 871 $ 268 $ 71 $ 993 $ 8 $ 180 $ 2,890 Individually evaluated for impairment — — — — 95 — — 95 Collectively evaluated for impairment 499 871 268 71 898 8 180 2,795 Loans receivable: Balance - March 31, 2016 $ 162,135 $ 178,626 $ 11,755 $ 22,006 $ 39,262 $ 9,991 $ — $ 423,775 Individually evaluated for impairment 4,132 4,995 — 29 1,580 — — 10,736 Collectively evaluated for impairment 158,003 173,631 11,755 21,977 37,682 9,991 — 413,039 One-to- Four Home Equity Family Commercial Lines of Commercial Residential Real Estate Construction Credit Business Other Unallocated Total (Dollars in thousands) Allowance for Loan Losses: Balance - September 30, 2015 $ 395 $ 931 $ 453 $ 53 $ 969 $ 6 $ 79 $ 2,886 Individually evaluated for impairment — — — — 201 — — 201 Collectively evaluated for impairment 395 931 453 53 768 6 79 2,685 Loans receivable: Balance - September 30, 2015 $ 169,781 $ 173,864 $ 6,679 $ 21,176 $ 41,485 $ 10,305 $ — $ 423,290 Individually evaluated for impairment 3,017 5,447 — 417 1,756 — — 10,637 Collectively evaluated for impairment 166,764 168,417 6,679 20,759 39,729 10,305 412,653

DEPOSITS (Tables)

DEPOSITS (Tables)	6 Months Ended
	Mar. 31, 2016
DEPOSITS [Abstract]
Schedule of deposits by type of account	2016 2015 March 31 September 30 (Dollars in thousands) Demand accounts $ 90,964 $ 87,915 Savings accounts 95,549 90,196 NOW accounts 45,437 41,457 Money market accounts 113,875 103,593 Certificates of deposit 113,258 122,088 Retirement certificates 20,408 21,020 $ 479,491 $ 466,269

INCOME TAXES (Tables)

INCOME TAXES (Tables)	6 Months Ended
	Mar. 31, 2016
INCOME TAXES [Abstract]
Schedule of reconciliation of income tax between the amounts calculated based upon pre-tax income at the Company's federal statutory rate and the amounts reflected in the consolidated statements of operations	For the Three Months For the Six Months Ended March 31, Ended March 31, 2016 2015 2016 2015 (Dollars in thousands) Income tax expense at 34 statutory federal tax rate $ 96 $ 68 $ 266 $ 154 State tax expense 31 12 76 23 Other (24 ) (28 ) (47 ) (53 ) Income tax expense $ 103 $ 52 $ 295 $ 124

FINANCIAL INSTRUMENTS WITH OF30

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK (Tables)	6 Months Ended
	Mar. 31, 2016
FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK [Abstract]
Schedule of fair value, off-balance sheet financial instruments	2016 2015 March 31 September 30 (Dollars in thousands) Financial instruments whose contract amounts represent credit risk Letters of credit $ 306 $ 694 Unused lines of credit 49,407 45,039 Fixed rate loan commitments 1,613 1,597 Variable rate loan commitments 13,758 7,937 $ 65,084 $ 55,267

EARNINGS PER SHARE (Schedule of

EARNINGS PER SHARE (Schedule of Earnings Per Share) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
EARNINGS PER SHARE [Abstract]
Income applicable to common shares	$ 178	$ 147	$ 487	$ 329
Weighted average number of common shares outstanding - basic	5,820	5,819	5,820	5,818
Stock options and restricted stock
Weighted average number of common shares and common share equivalents - diluted	5,820	5,819	5,820	5,818
Basic earnings per share	$ 0.03	$ 0.03	$ 0.08	$ 0.06
Diluted earnings per share	$ 0.03	$ 0.03	$ 0.08	$ 0.06

EARNINGS PER SHARE (Narrative)

EARNINGS PER SHARE (Narrative) (Details) - $ / shares	Mar. 31, 2016	Sep. 30, 2015	Mar. 31, 2015	Sep. 30, 2014
EARNINGS PER SHARE [Abstract]
Outstanding options to purchase shares of common stock which are not included in the computation of diluted earnings per share	188,276	188,276	188,276	188,276
Weighted average price outstanding options to purchase shares of common stock which are not included in the computation of diluted earnings per share (in dollars per share)	$ 14.61	$ 14.61	$ 14.61	$ 14.61

STOCK-BASED COMPENSATION AND 33

STOCK-BASED COMPENSATION AND STOCK REPURCHASE PROGRAM (Narrative) (Details) - USD ($)	6 Months Ended		101 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Sep. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock option expenses	$ 0
Stock award expenses	$ 2,688
Treasury stock, shares	104,248		104,248	104,248
Cost of shares repurchased by ESOP trust	$ 2,300,000
Average cost of shares repurchased (per share)	$ 10.58
Description of loan with respect to employee stock ownership plan	The ESOP trust purchased 217,863 2.3 10.58 st 3.50
Interest rate of loan with respect to employee stock ownership plan	3.50%		3.50%
Shares allocated	140,881		140,881
Suspense shares	76,982		76,982
Fair value of unallocated shares	$ 760,582		$ 760,582
ESOP compensation expense	$ 63,000	$ 53,000
Total ESOP shares	217,863		217,863
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	5 years
Expiration period	10 years
Term of treasury security	7 years
Restricted shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	5 years
Second Repurchase Program
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum stock repurchase authorization (as a percent)			5.00%
Stock authorized to be repurchased (in shares)	129,924		129,924
Stock repurchased during period (in shares)			81,000
Remaining shares available to be repurchased	48,924		48,924
Common stock average cost (in dollars per share)			$ 8.33

STOCK-BASED COMPENSATION AND 34

STOCK-BASED COMPENSATION AND STOCK REPURCHASE PROGRAM (Schedule of Stock Option Activity And Related Information For Its Option Plan) (Details) - USD ($)	6 Months Ended		12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Sep. 30, 2015	Sep. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Balance at the beginning of period	188,276	188,276	188,276
Options granted
Options exercised
Options forfeited
Balance at the end of period	188,276	188,276	188,276	188,276
Exercisable at the end of period	188,276	188,276
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Weighted average price at the beginning of period	$ 14.61	$ 14.61	$ 14.61
Options granted
Options exercised
Options forfeited
Weighted average price at the end of period	$ 14.61	$ 14.61	$ 14.61	$ 14.61
Exercisable at the end of period	$ 14.61	$ 14.61
Weighted Average Remaining Contractual Life, Outstanding	10 months 24 days	1 year 10 months 24 days	1 year 4 months 24 days	2 years 4 months 24 days
Weighted Average Remaining Contractual Life, Exercisable	10 months 24 days	1 year 10 months 24 days
Aggregate Intrinsic Value, Oustanding
Aggregate Intrinsic Value, Exercisable

STOCK-BASED COMPENSATION AND 35

STOCK-BASED COMPENSATION AND STOCK REPURCHASE PROGRAM (Schedule of Non-Vested Restricted Shares) (Details) - $ / shares	6 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Non Vested Stock Awards Outstanding
Balance at the beginning of period (in shares)	1,252	5,302
Stock Awards granted (in shares)
Stock Awards vested (in shares)
Stock Awards fortified (in shares)
Balance at the end of period (in shares)	1,252	5,302
Non Vested Stock Awards, Weighted Average Grant Date Fair Value
Balance at the beginning of period (in dollars per share)	$ 4.30	$ 4.41
Stock Awards granted (in dollars per share)
Stock Awards vested (in dollars per share)
Stock Awards fortified (in dollars per share)
Balance at the end of period (in dollars per share)	$ 4.30	$ 4.41

OTHER COMPREHENSIVE INCOME (L36

OTHER COMPREHENSIVE INCOME (LOSS) (Schedule of Components of Other Comprehensive Income (Loss) and the Related Income Tax Effects) (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
OTHER COMPREHENSIVE INCOME (LOSS) [Abstract]
Available-for-sale investments before tax		$ 207	$ 87	$ 37	$ 178
Tax benefit (expense)		(76)	(33)	(16)	(67)
Available-for-sale investments after tax		131	54	21	111
Reclassification adjustment for net realized on available-for-sale investments before tax	[1],[2]	(24)	(12)	(63)	(42)
Tax benefit (expense)	[1],[2]	10	5	25	17
Reclassification adjustment for net realized on available-for-sale investments after tax	[1],[2]	(14)	(7)	(38)	(25)
Other comprehensive income, net before tax		183	75	(26)	136
Tax benefit (expense), Total		(66)	(28)	9	(50)
Other comprehensive income, net		$ 117	$ 47	$ (17)	$ 86
[1]	Realized gains on securities transactions included in gains on sales of investment securities in the accompanying Consolidated Statements of Operations
[2]	Tax effect included in income tax expense in the accompanying Consolidated Statements of Operations

FAIR VALUE DISCLOSURES (Schedul

FAIR VALUE DISCLOSURES (Schedule of Assets Measured at Fair Value on a Recurring Basis) (Details) - USD ($)	Mar. 31, 2016	Sep. 30, 2015
Fair value measured on recurring basis:
Securities available for sale	$ 8,106,000	$ 6,064,000
Obligations of U.S. government-sponsored enterprises Mortgage backed securities - residential [Member]
Fair value measured on recurring basis:
Securities available for sale	7,978,000	5,914,000
Private label mortgage-backed securities-residential [Member]
Fair value measured on recurring basis:
Securities available for sale	128,000	150,000
Fair Value, Measurements, Recurring [Member]
Fair value measured on recurring basis:
Securities available for sale	8,106,000	6,064,000
Mortgage Servicing Rights	114,000	132,000
Fair Value, Measurements, Recurring [Member] | Obligations of U.S. government-sponsored enterprises Mortgage backed securities - residential [Member]
Fair value measured on recurring basis:
Securities available for sale	7,978,000	5,914,000
Fair Value, Measurements, Recurring [Member] | Private label mortgage-backed securities-residential [Member]
Fair value measured on recurring basis:
Securities available for sale	$ 128,000	$ 150,000
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair value measured on recurring basis:
Securities available for sale
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Obligations of U.S. government-sponsored enterprises Mortgage backed securities - residential [Member]
Fair value measured on recurring basis:
Securities available for sale
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Private label mortgage-backed securities-residential [Member]
Fair value measured on recurring basis:
Securities available for sale
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair value measured on recurring basis:
Securities available for sale	$ 8,106,000	$ 6,064,000
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Obligations of U.S. government-sponsored enterprises Mortgage backed securities - residential [Member]
Fair value measured on recurring basis:
Securities available for sale	7,978,000	5,914,000
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Private label mortgage-backed securities-residential [Member]
Fair value measured on recurring basis:
Securities available for sale	$ 128,000	$ 150,000
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair value measured on recurring basis:
Securities available for sale
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Obligations of U.S. government-sponsored enterprises Mortgage backed securities - residential [Member]
Fair value measured on recurring basis:
Securities available for sale
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Private label mortgage-backed securities-residential [Member]
Fair value measured on recurring basis:
Securities available for sale

FAIR VALUE DISCLOSURES (Sched38

FAIR VALUE DISCLOSURES (Schedule of Assets Measured at Fair Value on a Non-Recurring Basis) (Details) - Fair Value Measured on a Nonrecurring Basis [Member] - USD ($) $ in Thousands	Mar. 31, 2016	Sep. 30, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	$ 1,212	$ 1,489
Other real estate owned	16,296	16,192
Assets measured at fair value on a non-recurring basis	$ 17,508	$ 17,681
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans
Other real estate owned
Assets measured at fair value on a non-recurring basis
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans
Other real estate owned
Assets measured at fair value on a non-recurring basis
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	$ 1,212	$ 1,489
Other real estate owned	16,296	16,192
Assets measured at fair value on a non-recurring basis	$ 17,508	$ 17,681

FAIR VALUE DISCLOSURES (Sched39

FAIR VALUE DISCLOSURES (Schedule of Additional Quantitative Information About Assets Measured at Fair Value) (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Mar. 31, 2016	Sep. 30, 2015
Fair Value Measured on a Nonrecurring Basis [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair value estimate	$ 17,508	$ 17,681
Impaired Loans
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Valuation techniques and Unobservable Input	Appraisal of collateral; Appraisal adjustments	Appraisal of collateral; Appraisal adjustments
Impaired Loans | Fair Value Measured on a Nonrecurring Basis [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair value estimate	$ 1,212	$ 1,489
Impaired Loans | Fair Value Measured on a Nonrecurring Basis [Member] | Weighted Average [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair value input- appraisal of collateral	(29.00%)	(8.00%)
Impaired Loans | Fair Value Measured on a Nonrecurring Basis [Member] | Minimum [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair value input- appraisal of collateral	(13.00%)	(16.00%)
Impaired Loans | Fair Value Measured on a Nonrecurring Basis [Member] | Maximum [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair value input- appraisal of collateral	(32.00%)	(40.00%)
Other Real Estate Owned
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Valuation techniques and Unobservable Input	Appraisal of collateral; Liquidation expenses	Appraisal of collateral; Liquidation expenses
Other Real Estate Owned | Fair Value Measured on a Nonrecurring Basis [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair value estimate	$ 16,296	$ 16,192
Other Real Estate Owned | Fair Value Measured on a Nonrecurring Basis [Member] | Weighted Average [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair value input- appraisal of collateral	(11.50%)	(15.10%)
Other Real Estate Owned | Fair Value Measured on a Nonrecurring Basis [Member] | Minimum [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair value input- appraisal of collateral	(3.90%)	0.00%
Other Real Estate Owned | Fair Value Measured on a Nonrecurring Basis [Member] | Maximum [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair value input- appraisal of collateral	(37.00%)	(41.20%)

FAIR VALUE DISCLOSURES (Sched40

FAIR VALUE DISCLOSURES (Schedule of the Carrying Amount, Fair Value, and Placement in the Fair Value Hierarchy of Financial Instruments) (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Sep. 30, 2015
Financial instruments - assets
Investment securities held to maturity	$ 58,886	$ 52,614
Fair value of investment securities - held to maturity	59,573	53,248
Reported Value
Financial instruments - assets
Investment securities held to maturity	58,886	52,614
Loans	421,080	420,596
Financial instruments - liabilities
Certificates of deposit including retirement certificates	133,666	143,108
Borrowings	29,334	31,594
Fair Value
Financial instruments - assets
Fair value of investment securities - held to maturity	59,573	53,248
Loans	426,310	425,890
Financial instruments - liabilities
Certificates of deposit including retirement certificates	134,974	144,150
Borrowings	$ 29,957	$ 32,231
Fair Value, Inputs, Level 1 [Member]
Financial instruments - assets
Fair value of investment securities - held to maturity
Loans
Financial instruments - liabilities
Certificates of deposit including retirement certificates
Borrowings
Fair Value, Inputs, Level 2 [Member]
Financial instruments - assets
Fair value of investment securities - held to maturity	$ 59,573	$ 53,248
Loans
Financial instruments - liabilities
Certificates of deposit including retirement certificates	$ 134,974	$ 144,150
Borrowings	$ 29,957	$ 32,231
Fair Value, Inputs, Level 3 [Member]
Financial instruments - assets
Fair value of investment securities - held to maturity
Loans	$ 426,310	$ 425,890
Financial instruments - liabilities
Certificates of deposit including retirement certificates
Borrowings

INVESTMENT SECURITIES (Summary

INVESTMENT SECURITIES (Summary of Amortized Cost and Fair Values of Securities Available For Sale) (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Sep. 30, 2015
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 8,058	$ 5,990
Gross Unrealized Gains	$ 48	82
Gross Unrealized Losses		(8)
Fair Value	$ 8,106	6,064
Obligations of U.S. government-sponsored enterprises Mortgage backed securities - residential
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	7,930	5,839
Gross Unrealized Gains	$ 48	82
Gross Unrealized Losses		(7)
Fair Value	$ 7,978	5,914
Private label mortgage-backed securities-residential
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 128	$ 151
Gross Unrealized Gains
Gross Unrealized Losses		$ (1)
Fair Value	$ 128	$ 150

INVESTMENT SECURITIES (Summar42

INVESTMENT SECURITIES (Summary of Maturities of Debt Securities and Mortgage-backed Securities Available For Sale) (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Sep. 30, 2015
Available for Sale Securities, Amortized Cost
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	$ 8,058
Mortgage Backed Securities, Commercial
Amortized Cost	$ 8,058	$ 5,990
Available for Sale Securities, Fair Value
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	$ 8,106
Mortgage Backed Securities, Commercial
Fair Value	$ 8,106	$ 6,064

INVESTMENT SECURITIES (Summar43

INVESTMENT SECURITIES (Summary of Maturities of Debt Securities and Mortgage-backed Securities Held to Maturity) (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Sep. 30, 2015
Held to maturity securities
Amortized Cost	$ 58,886	$ 52,614
Gross Unrealized Gains	1,058	828
Gross Unrealized Losses	(371)	(194)
Fair Value	59,573	53,248
Obligations of U.S. government agencies Mortgage backed securities - residential
Held to maturity securities
Amortized Cost	4,973	5,414
Gross Unrealized Gains	170	156
Gross Unrealized Losses	(102)	(99)
Fair Value	5,041	5,471
Obligations of U.S. government agencies Mortgage backed securities -commercial
Held to maturity securities
Amortized Cost	$ 1,067	$ 1,101
Gross Unrealized Gains
Gross Unrealized Losses	$ (2)	$ (2)
Fair Value	1,065	1,099
Obligations of U.S. government-sponsored enterprises Mortgage backed securities - residential
Held to maturity securities
Amortized Cost	42,320	37,563
Gross Unrealized Gains	885	647
Gross Unrealized Losses	(13)	(67)
Fair Value	43,192	38,143
Obligations of U.S. government-sponsored enterprises Debt securities
Held to maturity securities
Amortized Cost	7,000	5,000
Gross Unrealized Gains	$ 3	2
Gross Unrealized Losses		(25)
Fair Value	$ 7,003	4,977
Private label mortgage-backed securities-residential
Held to maturity securities
Amortized Cost	$ 526	536
Gross Unrealized Gains		1
Gross Unrealized Losses	$ (4)	(1)
Fair Value	522	536
Corporate securities [Member]
Held to maturity securities
Amortized Cost	$ 3,000	3,000
Gross Unrealized Gains		$ 22
Gross Unrealized Losses	$ (250)
Fair Value	$ 2,750	$ 3,022

INVESTMENT SECURITIES (Summar44

INVESTMENT SECURITIES (Summary of Amortized Cost and Fair Values of Securities Held to Maturity) (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Sep. 30, 2015
Held to Maturity Securities, Amortized Cost
Due within 1 year
Due after 1 but within 5 years	$ 2,000
Due after 5 but within 10 years	4,000
Due after 10 years	4,000
Total debt securities	10,000
Mortgage Backed Securities, Residential	47,819
Mortgage Backed Securities, Commercial	1,067
Amortized cost	$ 58,886	$ 52,614
Held to Maturity Securities, Fair Value
Due within 1 year
Due after 1 but within 5 years	$ 2,000
Due after 5 but within 10 years	4,003
Due after 10 years	3,750
Total debt securities	9,753
Mortgage Backed Securities, Residential	48,755
Mortgage Backed Securities, Commercial	1,065
Fair value	$ 59,573	$ 53,248

IMPAIRMENT OF INVESTMENT SECU45

IMPAIRMENT OF INVESTMENT SECURITIES (Schedule of Gross Unrealized Losses and Fair Value for Both Available For Sale and Held To Maturity Securities) (Details) $ in Thousands	6 Months Ended	12 Months Ended
	Mar. 31, 2016USD ($)N	Sep. 30, 2015USD ($)N
Available For Sale and Held To Maturity Securities
Number of Securities | N	9	14
Less Than 12 Months, Fair Value	$ 4,336	$ 5,523
Less Than 12 Months, Unrealized Losses	(256)	(36)
12 Months or Longer, Fair Value	4,369	13,140
12 Months or Longer, Unrealized Losses	(115)	(158)
Total, Fair Value	8,705	18,663
Total, Unrealized Losses	$ (371)	$ (194)
Obligations of U.S. government agencies Mortgage backed securities - residential
Available For Sale and Held To Maturity Securities
Number of Securities | N	2	3
Less Than 12 Months, Fair Value
Less Than 12 Months, Unrealized Losses
12 Months or Longer, Fair Value	$ 940	$ 2,254
12 Months or Longer, Unrealized Losses	(102)	(99)
Total, Fair Value	940	2,254
Total, Unrealized Losses	$ (102)	$ (99)
Obligations of U.S. government agencies Mortgage backed securities -commercial
Available For Sale and Held To Maturity Securities
Number of Securities | N	1	1
Less Than 12 Months, Fair Value	$ 1,065	$ 1,099
Less Than 12 Months, Unrealized Losses	$ (2)	$ (2)
12 Months or Longer, Fair Value
12 Months or Longer, Unrealized Losses
Total, Fair Value	$ 1,065	$ 1,099
Total, Unrealized Losses	$ (2)	$ (2)
Obligations of U.S. government-sponsored enterprises Mortgage backed securities - residential
Available For Sale and Held To Maturity Securities
Number of Securities | N	2	7
Less Than 12 Months, Fair Value		$ 4,424
Less Than 12 Months, Unrealized Losses		(34)
12 Months or Longer, Fair Value	$ 3,413	8,688
12 Months or Longer, Unrealized Losses	(13)	(33)
Total, Fair Value	3,413	13,112
Total, Unrealized Losses	$ (13)	$ (67)
Obligations of U.S. government-sponsored enterprises Debt securities
Available For Sale and Held To Maturity Securities
Number of Securities | N		1
Less Than 12 Months, Fair Value
Less Than 12 Months, Unrealized Losses
12 Months or Longer, Fair Value		$ 1,975
12 Months or Longer, Unrealized Losses		(25)
Total, Fair Value		1,975
Total, Unrealized Losses		$ (25)
Private label mortgage-backed securities-residential
Available For Sale and Held To Maturity Securities
Number of Securities | N	3	2
Less Than 12 Months, Fair Value	$ 521
Less Than 12 Months, Unrealized Losses	(4)
12 Months or Longer, Fair Value	$ 16	$ 223
12 Months or Longer, Unrealized Losses		(1)
Total, Fair Value	$ 537	223
Total, Unrealized Losses	$ (4)	$ (1)
Corporate securities
Available For Sale and Held To Maturity Securities
Number of Securities | N	1
Less Than 12 Months, Fair Value	$ 2,750
Less Than 12 Months, Unrealized Losses	$ (250)
12 Months or Longer, Fair Value
12 Months or Longer, Unrealized Losses
Total, Fair Value	$ 2,750
Total, Unrealized Losses	$ (250)

LOANS RECEIVABLE, NET AND REL46

LOANS RECEIVABLE, NET AND RELATED ALLOWANCE FOR LOAN LOSSES (Schedule of Loans Receivable, Net) (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Sep. 30, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Gross	$ 423,775	$ 423,290
Net deferred loan costs	195	192
Allowance for loan losses	(2,890)	(2,886)
Total loans receivable, net	421,080	420,596
One-to four-family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Gross	162,135	169,781
Allowance for loan losses	(499)	(395)
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Gross	178,626	173,864
Allowance for loan losses	(871)	(931)
Construction
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Gross	11,755	6,679
Allowance for loan losses	(268)	(453)
Home equity lines of credit
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Gross	22,006	21,176
Allowance for loan losses	(71)	(53)
Commercial business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Gross	39,262	41,485
Allowance for loan losses	(993)	(969)
Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans and Leases Receivable, Gross	9,991	10,305
Allowance for loan losses	$ (8)	$ (6)

LOANS RECEIVABLE, NET AND REL47

LOANS RECEIVABLE, NET AND RELATED ALLOWANCE FOR LOAN LOSSES (Schedule of Impaired Loans by Class) (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Sep. 30, 2015
Financing Receivable, Impaired [Line Items]
Recorded Investment With Specific Allowance	$ 1,307	$ 1,690
Related Allowance	95	201
Recorded Investment With No Specific Allowance	9,429	8,947
Total Recorded Investment	10,736	10,637
Total Unpaid Contractual Principal Balance	$ 12,768	$ 11,967
One-to four-family residential [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment With Specific Allowance
Related Allowance
Recorded Investment With No Specific Allowance	$ 4,132	$ 3,017
Total Recorded Investment	4,132	3,017
Total Unpaid Contractual Principal Balance	$ 4,275	$ 3,134
Commercial real estate
Financing Receivable, Impaired [Line Items]
Recorded Investment With Specific Allowance
Related Allowance
Recorded Investment With No Specific Allowance	$ 4,995	$ 5,447
Total Recorded Investment	4,995	5,447
Total Unpaid Contractual Principal Balance	$ 6,501	$ 6,556
Home equity lines of credit
Financing Receivable, Impaired [Line Items]
Recorded Investment With Specific Allowance
Related Allowance
Recorded Investment With No Specific Allowance	$ 29	$ 417
Total Recorded Investment	29	417
Total Unpaid Contractual Principal Balance	29	521
Commercial business
Financing Receivable, Impaired [Line Items]
Recorded Investment With Specific Allowance	1,307	1,690
Related Allowance	95	201
Recorded Investment With No Specific Allowance	273	66
Total Recorded Investment	1,580	1,756
Total Unpaid Contractual Principal Balance	$ 1,963	$ 1,756

LOANS RECEIVABLE, NET AND REL48

LOANS RECEIVABLE, NET AND RELATED ALLOWANCE FOR LOAN LOSSES (Schedule of Average Recorded Investment in Impaired Loans) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
Financing Receivable, Impaired [Line Items]
Average investment in impaired loans	$ 10,676	$ 16,477	$ 10,661	$ 16,724
One-to four-family residential [Member]
Financing Receivable, Impaired [Line Items]
Average investment in impaired loans	3,553	6,937	3,374	7,532
Commercial real estate
Financing Receivable, Impaired [Line Items]
Average investment in impaired loans	5,211	5,215	5,289	5,159
Construction
Financing Receivable, Impaired [Line Items]
Average investment in impaired loans		1,942		2,054
Home equity lines of credit
Financing Receivable, Impaired [Line Items]
Average investment in impaired loans	139	484	231	599
Commercial business
Financing Receivable, Impaired [Line Items]
Average investment in impaired loans	$ 1,773	$ 1,899	$ 1,767	$ 1,380

LOANS RECEIVABLE, NET AND REL49

LOANS RECEIVABLE, NET AND RELATED ALLOWANCE FOR LOAN LOSSES (Schedule of Classes of the Loan Portfolio Summarized by Bank's Internal Risk Rating System) (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Sep. 30, 2015
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	$ 423,775	$ 423,290
Pass
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	$ 412,263	408,058
Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross		210
Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	$ 10,205	13,916
Doubtful
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	1,307	1,106
One-to four-family residential
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	162,135	169,781
One-to four-family residential | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	$ 158,993	$ 166,846
One-to four-family residential | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross
One-to four-family residential | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	$ 3,142	$ 2,935
One-to four-family residential | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross
Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	$ 178,626	$ 173,864
Commercial real estate | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	$ 174,766	169,239
Commercial real estate | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross		210
Commercial real estate | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	$ 3,860	3,309
Commercial real estate | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross		1,106
Construction
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	$ 11,755	6,679
Construction | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	$ 9,277	$ 2,468
Construction | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross
Construction | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	$ 2,478	$ 4,211
Construction | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross
Home equity lines of credit
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	$ 22,006	$ 21,176
Home equity lines of credit | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	$ 21,300	$ 19,436
Home equity lines of credit | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross
Home equity lines of credit | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	$ 706	$ 1,740
Home equity lines of credit | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross
Commercial business
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	$ 39,262	$ 41,485
Commercial business | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	$ 37,936	$ 39,764
Commercial business | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross
Commercial business | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	$ 19	$ 1,721
Commercial business | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	1,307
Other
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	9,991	$ 10,305
Other | Pass
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	$ 9,991	$ 10,305
Other | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross
Other | Substandard
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross
Other | Doubtful
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross

LOANS RECEIVABLE, NET AND REL50

LOANS RECEIVABLE, NET AND RELATED ALLOWANCE FOR LOAN LOSSES (Schedule of Classes of the Loan Portfolio Summarized by Aging Categories) (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Sep. 30, 2015
Financing Receivable, Recorded Investment, Aging [Abstract]
Current	$ 417,407	$ 416,644
Total Past Due	6,368	6,646
Non - Accrual	6,317	5,897
Total loans receivable	423,775	$ 423,290
30-59 Days Past Due
Financing Receivable, Recorded Investment, Aging [Abstract]
Total Past Due	$ 51
60-89 Days Past Due
Financing Receivable, Recorded Investment, Aging [Abstract]
Total Past Due		$ 749
90 Days Past Due
Financing Receivable, Recorded Investment, Aging [Abstract]
Total Past Due	$ 6,317	5,897
One-to four-family residential
Financing Receivable, Recorded Investment, Aging [Abstract]
Current	159,018	166,993
Total Past Due	3,117	2,788
Non - Accrual	3,072	2,058
Total loans receivable	162,135	$ 169,781
One-to four-family residential | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Aging [Abstract]
Total Past Due	$ 45
One-to four-family residential | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Aging [Abstract]
Total Past Due		$ 730
One-to four-family residential | 90 Days Past Due
Financing Receivable, Recorded Investment, Aging [Abstract]
Total Past Due	$ 3,072	2,058
Commercial real estate
Financing Receivable, Recorded Investment, Aging [Abstract]
Current	177,144	171,969
Total Past Due	1,482	1,895
Non - Accrual	1,480	1,895
Total loans receivable	178,626	$ 173,864
Commercial real estate | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Aging [Abstract]
Total Past Due	$ 2
Commercial real estate | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Aging [Abstract]
Total Past Due
Commercial real estate | 90 Days Past Due
Financing Receivable, Recorded Investment, Aging [Abstract]
Total Past Due	$ 1,480	$ 1,895
Construction
Financing Receivable, Recorded Investment, Aging [Abstract]
Current	$ 11,755	$ 6,679
Total Past Due
Non - Accrual
Total loans receivable	$ 11,755	$ 6,679
Construction | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Aging [Abstract]
Total Past Due
Construction | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Aging [Abstract]
Total Past Due
Construction | 90 Days Past Due
Financing Receivable, Recorded Investment, Aging [Abstract]
Total Past Due
Home equity lines of credit
Financing Receivable, Recorded Investment, Aging [Abstract]
Current	$ 21,972	$ 20,921
Total Past Due	34	255
Non - Accrual	34	255
Total loans receivable	$ 22,006	$ 21,176
Home equity lines of credit | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Aging [Abstract]
Total Past Due
Home equity lines of credit | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Aging [Abstract]
Total Past Due
Home equity lines of credit | 90 Days Past Due
Financing Receivable, Recorded Investment, Aging [Abstract]
Total Past Due	$ 34	$ 255
Commercial business
Financing Receivable, Recorded Investment, Aging [Abstract]
Current	37,527	39,777
Total Past Due	1,735	1,708
Non - Accrual	1,731	1,689
Total loans receivable	39,262	$ 41,485
Commercial business | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Aging [Abstract]
Total Past Due	$ 4
Commercial business | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Aging [Abstract]
Total Past Due		$ 19
Commercial business | 90 Days Past Due
Financing Receivable, Recorded Investment, Aging [Abstract]
Total Past Due	$ 1,731	1,689
Other
Financing Receivable, Recorded Investment, Aging [Abstract]
Current	$ 9,991	$ 10,305
Total Past Due
Non - Accrual
Total loans receivable	$ 9,991	$ 10,305
Other | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Aging [Abstract]
Total Past Due
Other | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Aging [Abstract]
Total Past Due
Other | 90 Days Past Due
Financing Receivable, Recorded Investment, Aging [Abstract]
Total Past Due

LOANS RECEIVABLE, NET AND REL51

LOANS RECEIVABLE, NET AND RELATED ALLOWANCE FOR LOAN LOSSES (Schedule of Activity in the Allowance for Loan Losses by Loan Category) (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2016	Mar. 31, 2015
Activity in the allowance for loan losses by loan category:
Balance at beginning of period	$ 3,100	$ 2,886	$ 2,939	$ 2,835	$ 2,886	$ 2,835
Charge-offs	(528)	(45)	(695)	(353)
Recoveries	27	81	400	37
Provision	291	178	170	420	468	590
Balance at the end of period	2,890	3,100	2,814	2,939	2,890	2,814
One-to four-family residential [Member]
Activity in the allowance for loan losses by loan category:
Balance at beginning of period	$ 386	395	474	402	395	402
Charge-offs		$ (45)	(90)	$ (12)
Recoveries			400
Provision	$ 113	$ 36	(415)	$ 84
Balance at the end of period	499	386	369	474	499	369
Commercial real estate [Member]
Activity in the allowance for loan losses by loan category:
Balance at beginning of period	935	$ 931	$ 832	826	931	826
Charge-offs	$ (61)			$ (193)
Recoveries
Provision	$ (3)	$ 4	$ 10	$ 199
Balance at the end of period	871	935	842	832	871	842
Construction [Member]
Activity in the allowance for loan losses by loan category:
Balance at beginning of period	$ 382	$ 453	748	$ 784	453	784
Charge-offs			$ (342)
Recoveries	$ 1			$ 37
Provision	(115)	$ (71)	$ 114	(73)
Balance at the end of period	268	382	520	748	268	520
Home equity lines of credit [Member]
Activity in the allowance for loan losses by loan category:
Balance at beginning of period	55	$ 53	$ 66	62	53	62
Charge-offs	$ (84)			$ (147)
Recoveries		$ 80
Provision	$ 100	(78)	$ (11)	$ 151
Balance at the end of period	71	55	55	66	71	55
Commercial business [Member]
Activity in the allowance for loan losses by loan category:
Balance at beginning of period	1,225	$ 969	733	$ 643	969	643
Charge-offs	(383)		$ (263)
Recoveries	26	$ 1
Provision	125	255	$ 434	$ 90
Balance at the end of period	993	1,225	904	733	993	904
Other [Member]
Activity in the allowance for loan losses by loan category:
Balance at beginning of period	$ 9	$ 6	$ 6	9	6	9
Charge-offs				$ (1)
Recoveries
Provision	$ (1)	$ 3		$ (2)
Balance at the end of period	8	9	$ 6	6	8	6
Unallocated [Member]
Activity in the allowance for loan losses by loan category:
Balance at beginning of period	$ 108	$ 79	$ 80	$ 109	79	109
Charge-offs
Recoveries
Provision	$ 72	$ 29	$ 38	$ (29)
Balance at the end of period	$ 180	$ 108	$ 118	$ 80	$ 180	$ 118

LOANS RECEIVABLE, NET AND REL52

LOANS RECEIVABLE, NET AND RELATED ALLOWANCE FOR LOAN LOSSES (Schedule of ALL by Loan Category) (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Sep. 30, 2015
Allowance for Loan Losses:
Balance - Allowance for loans losses	$ 2,890	$ 2,886
Individually evaluated for impairment	95	201
Collectively evaluated for impairment	2,795	2,685
Balance - Loans receivable	423,775	423,290
Loan balance individually evaluated for impairment	10,736	10,637
Loan balance collectively evaluated for impairment	413,039	412,653
One-to four-family residential
Allowance for Loan Losses:
Balance - Allowance for loans losses	$ 499	$ 395
Individually evaluated for impairment
Collectively evaluated for impairment	$ 499	$ 395
Balance - Loans receivable	162,135	169,781
Loan balance individually evaluated for impairment	4,132	3,017
Loan balance collectively evaluated for impairment	158,003	166,764
Commercial real estate
Allowance for Loan Losses:
Balance - Allowance for loans losses	$ 871	$ 931
Individually evaluated for impairment
Collectively evaluated for impairment	$ 871	$ 931
Balance - Loans receivable	178,626	173,864
Loan balance individually evaluated for impairment	4,995	5,447
Loan balance collectively evaluated for impairment	173,631	168,417
Construction
Allowance for Loan Losses:
Balance - Allowance for loans losses	$ 268	$ 453
Individually evaluated for impairment
Collectively evaluated for impairment	$ 268	$ 453
Balance - Loans receivable	$ 11,755	$ 6,679
Loan balance individually evaluated for impairment
Loan balance collectively evaluated for impairment	$ 11,755	$ 6,679
Home equity lines of credit
Allowance for Loan Losses:
Balance - Allowance for loans losses	$ 71	$ 53
Individually evaluated for impairment
Collectively evaluated for impairment	$ 71	$ 53
Balance - Loans receivable	22,006	21,176
Loan balance individually evaluated for impairment	29	417
Loan balance collectively evaluated for impairment	21,977	20,759
Commercial business
Allowance for Loan Losses:
Balance - Allowance for loans losses	993	969
Individually evaluated for impairment	95	201
Collectively evaluated for impairment	898	768
Balance - Loans receivable	39,262	41,485
Loan balance individually evaluated for impairment	1,580	1,756
Loan balance collectively evaluated for impairment	37,682	39,729
Other
Allowance for Loan Losses:
Balance - Allowance for loans losses	$ 8	$ 6
Individually evaluated for impairment
Collectively evaluated for impairment	$ 8	$ 6
Balance - Loans receivable	$ 9,991	$ 10,305
Loan balance individually evaluated for impairment
Loan balance collectively evaluated for impairment	$ 9,991	$ 10,305
Unallocated
Allowance for Loan Losses:
Balance - Allowance for loans losses	$ 180	$ 79
Individually evaluated for impairment
Collectively evaluated for impairment	$ 180	$ 79
Balance - Loans receivable
Loan balance individually evaluated for impairment
Loan balance collectively evaluated for impairment

LOANS RECEIVABLE, NET AND REL53

LOANS RECEIVABLE, NET AND RELATED ALLOWANCE FOR LOAN LOSSES (Schedule of Troubled Debt Restructuring) (Details)	Mar. 31, 2016USD ($)
Financing Receivable, Modifications [Line Items]
Amount of residential real estate loans foreclosed	$ 726,000
Amount of consumer mortgage loans collateralized by residential real estate property in the process of foreclosure	$ 3,100,000

DEPOSITS (Schedule of Deposits

DEPOSITS (Schedule of Deposits by Type of Account) (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Sep. 30, 2015
DEPOSITS [Abstract]
Demand accounts	$ 90,964	$ 87,915
Savings accounts	95,549	90,196
NOW accounts	45,437	41,457
Money market accounts	113,875	103,593
Certificates of deposit	113,258	122,088
Retirement accounts	20,408	21,020
Deposits, Total	$ 479,491	$ 466,269

INCOME TAXES (Schedule of Recon

INCOME TAXES (Schedule of Reconciliation of Income Tax) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Mar. 31, 2015
INCOME TAXES [Abstract]
Increase in valuation allowance			$ 33,000
Statutory federal tax rate (as a percent)			34.00%
Income tax expense at 34% statutory federal tax rate	$ 96	$ 68	$ 266	$ 154
State tax expense	31	12	76	23
Other	(24)	(28)	(47)	(53)
Income tax expense	$ 103	$ 52	$ 295	$ 124

FINANCIAL INSTRUMENTS WITH OF56

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK (Schedule of Financial Instruments Whose Contract Amounts Representing Credit Risk) (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Sep. 30, 2015
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments - contract amounts	$ 65,084	$ 55,267
Letters of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments - contract amounts	306	694
Unused lines of credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments - contract amounts	49,407	45,039
Fixed rate loan commitments
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments - contract amounts	1,613	1,597
Variable rate loan commitments
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments - contract amounts	$ 13,758	$ 7,937