Magyar Bancorp (MGYR) 10-Q 11 Aug 17 2017 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Jun. 30, 2017	Aug. 01, 2017
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	Q3
Document Fiscal Year Focus	2,017
Document Period End Date	Jun. 30, 2017
Current Fiscal Year End Date	--09-30
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		5,820,746

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2017	Sep. 30, 2016
Assets
Cash	$ 1,312	$ 1,000
Interest earning deposits with banks	11,433	20,806
Total cash and cash equivalents	12,745	21,806
Investment securities - available for sale, at fair value	10,243	5,234
Investment securities - held to maturity, at amortized cost (fair value of $50,923 and $53,849 at June 30, 2017 and September 30, 2016, respectively)	51,073	52,934
Federal Home Loan Bank of New York stock, at cost	2,116	2,239
Loans receivable, net of allowance for loan losses of $3,385 and $3,056 at June 30, 2017 and September 30, 2016, respectively	465,077	455,031
Bank owned life insurance	11,471	11,257
Accrued interest receivable	1,805	1,710
Premises and equipment, net	17,680	18,084
Other real estate owned ("OREO")	11,840	12,082
Other assets	3,517	4,000
Total assets	587,567	584,377
Liabilities
Deposits	499,772	492,650
Escrowed funds	2,128	1,668
Federal Home Loan Bank of New York advances	31,905	36,040
Accrued interest payable	132	115
Accounts payable and other liabilities	5,005	6,179
Total liabilities	538,942	536,652
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; 5,820,746 shares outstanding at June 30, 2017 and September 30, 2016	59	59
Additional paid-in capital	26,284	26,270
Treasury stock: 102,996 shares at June 30, 2017 and September 30, 2016, at cost	(1,152)	(1,152)
Unearned Employee Stock Ownership Plan shares	(525)	(627)
Retained earnings	25,269	24,334
Accumulated other comprehensive loss	(1,310)	(1,159)
Total stockholders' equity	48,625	47,725
Total liabilities and stockholders' equity	$ 587,567	$ 584,377

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2017	Sep. 30, 2016
Statement of Financial Position [Abstract]
Fair value of investment securities - held to maturity	$ 50,923	$ 53,849
Allowance for loan losses	$ 3,385	$ 3,056
Preferred stock; par value	$ 0.01	$ 0.01
Preferred stock; shares authorized	1,000,000	1,000,000
Preferred stock; shares issued	0	0
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	5,820,746	5,820,746
Treasury stock, shares	102,996	102,996

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Interest and dividend income
Loans, including fees	$ 5,042	$ 4,767	$ 15,050	$ 13,870
Investment securities
Taxable	378	397	1,150	1,216
Federal Home Loan Bank of New York stock	27	22	88	70
Total interest and dividend income	5,447	5,186	16,288	15,156
Interest expense
Deposits	748	682	2,195	2,078
Borrowings	180	185	558	547
Total interest expense	928	867	2,753	2,625
Net interest and dividend income	4,519	4,319	13,535	12,531
Provision for loan losses	315	420	1,048	889
Net interest and dividend income after provision for loan losses	4,204	3,899	12,487	11,642
Other income
Service charges	279	233	867	775
Income on bank owned life insurance	71	73	214	221
Other operating income	25	34	88	101
Gains on sales of loans	72	223	183	466
Gains on sales of investment securities		10		72
Total other income	447	573	1,352	1,635
Other expenses
Compensation and employee benefits	2,272	2,140	6,764	6,335
Occupancy expenses	697	679	2,092	2,013
Professional fees	251	247	770	747
Data processing expenses	129	118	385	362
OREO expenses	169	239	423	743
FDIC deposit insurance premiums	125	193	384	570
Loan servicing expenses	62	46	179	160
Insurance expense	58	66	174	188
Other expenses	390	343	1,063	975
Total other expenses	4,153	4,071	12,234	12,093
Income before income tax expense	498	401	1,605	1,184
Income tax expense	210	149	670	444
Net income	$ 288	$ 252	$ 935	$ 740
Net income per share-basic and diluted	$ 0.05	$ 0.04	$ 0.16	$ 0.13

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Statement of Comprehensive Income [Abstract]
Net income	$ 288	$ 252	$ 935	$ 740
Other comprehensive income (loss)
Unrealized gain (loss) on securities available for sale	44	34	(237)	70
Less: reclassification for realized gains on sales of securities available for sale		(10)		(72)
Other comprehensive income (loss), before tax	44	24	(237)	(2)
Deferred income tax effect	(16)	(8)	86	1
Total other comprehensive income (loss)	28	16	(151)	(1)
Total comprehensive income	$ 316	$ 268	$ 784	$ 739

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Treasury Stock [Member]	Unearned ESOP Shares [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Loss [Member]	Total
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					740		740
Other comprehensive loss						(1)	(1)
Treasury stock used for restricted stock plan		(5)	14		(9)
Treasury stock used for restricted stock plan, shares	1,252
ESOP shares allocated		(2)		94			92
Stock-based compensation expense		3					3
Balance, at Jun. 30, 2016	$ 59	26,271	(1,152)	(658)	23,983	(1,000)	47,503
Balance, shares at Jun. 30, 2016	5,820,746
Balance, at Sep. 30, 2016	$ 59	26,270	(1,152)	(627)	24,334	(1,159)	$ 47,725
Balance, shares at Sep. 30, 2016	5,820,746						5,820,746
Net income					935		$ 935
Other comprehensive loss						(151)	(151)
ESOP shares allocated		14		102			116
Balance, at Jun. 30, 2017	$ 59	$ 26,284	$ (1,152)	$ (525)	$ 25,269	$ (1,310)	$ 48,625
Balance, shares at Jun. 30, 2017	5,820,746						5,820,746

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Operating activities
Net income	$ 935	$ 740
Adjustment to reconcile net income to net cash provided by operating activities
Depreciation expense	606	576
Premium amortization on investment securities, net	143	148
Provision for loan losses	1,048	889
Provision for loss on other real estate owned	218	270
Proceeds from the sales of loans	2,651	6,171
Gains on sale of loans	(183)	(466)
Gains on sales of investment securities		(72)
(Gains) losses on the sales of other real estate owned	(5)	155
ESOP compensation expense	116	92
Stock-based compensation expense		3
Deferred income tax expense	689	400
Increase in accrued interest receivable	(95)	(38)
Increase in surrender value bank owned life insurance	(214)	(221)
Increase in other assets	(121)	(312)
Increase in accrued interest payable	17	40
(Decrease) increase in accounts payable and other liabilities	(1,174)	1,002
Net cash provided by operating activities	4,631	9,377
Investing activities
Net increase in loans receivable	(2,097)	(18,364)
Purchases of loans receivable	(12,626)	(8,991)
Purchases of investment securities held to maturity	(3,974)	(10,565)
Purchases of investment securities available for sale	(6,079)	(6,482)
Sales of investment securities available for sale		6,298
Principal repayments on investment securities held to maturity	5,716	7,664
Principal repayments on investment securities available for sale	809	729
Purchases of premises and equipment	(202)	(157)
Investment in other real estate owned	(34)	(155)
Proceeds from other real estate owned	1,225	3,161
Redemptions (purchases) of Federal Home Loan Bank stock	123	(439)
Net cash used by investing activities	(17,139)	(27,301)
Financing activities
Net increase in deposits	7,122	5,877
Net increase in escrowed funds	460	405
Proceeds from long-term advances	865	6,706
Repayments of long-term advances	(5,000)	(2,260)
Net change in short-term advances		5,000
Net cash provided by financing activities	3,447	15,728
Net decrease in cash and cash equivalents	(9,061)	(2,196)
Cash and cash equivalents, beginning of period	21,806	18,108
Cash and cash equivalents, end of period	12,745	15,912
Cash paid for
Interest	2,736	2,585
Income taxes	36	4
Non-cash investing activities
Real estate acquired in full satisfaction of loans in foreclosure	1,161	1,824
OREO transferred to premises and equipment		$ 860

BASIS OF PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	Jun. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [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 nine months ended June 30, 2017 are not necessarily indicative of the results that may be expected for the year ending September 30, 2017. The September 30, 2016 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 consolidated 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 June 30, 2017 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	9 Months Ended
	Jun. 30, 2017
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
RECENT ACCOUNTING PRONOUNCEMENTS	NOTE B- RECENT ACCOUNTING PRONOUNCEMENTS In May 2014, the Financial Accounting Standard Board (“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) , 2017. In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses

CONTINGENCIES

CONTINGENCIES	9 Months Ended
	Jun. 30, 2017
Commitments and Contingencies Disclosure [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	9 Months Ended
	Jun. 30, 2017
Earnings Per Share [Abstract]
EARNINGS PER SHARE	NOTE D - EARNINGS PER SHARE Basic and diluted earnings per share for the three and nine months ended June 30, 2017 and 2016 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 Nine Months Ended June 30, Ended June 30, 2017 2016 2017 2016 (In thousands except for per share data) Income applicable to common shares $ 288 $ 252 $ 935 $ 740 Weighted average number of common shares outstanding - basic 5,821 5,820 5,821 5,820 Stock options and restricted stock — — — — Weighted average number of common shares and common share equivalents - diluted 5,821 5,820 5,821 5,820 Basic earnings per share $ 0.05 $ 0.04 $ 0.16 $ 0.13 Diluted earnings per share $ 0.05 $ 0.04 $ 0.16 $ 0.13 There were no outstanding options to purchase common stocks at June 30, 2017. Options to purchase 188,276 shares of common stock at a weighted average price of $14.61 were outstanding and not included in the computation of diluted earnings per share for the three and nine months ended June 30, 2016 because the grant (or option strike) price was greater than the average market price of the common shares during the period and are thus anti-dilutive.

STOCK-BASED COMPENSATION AND ST

STOCK-BASED COMPENSATION AND STOCK REPURCHASE PROGRAM	9 Months Ended
	Jun. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [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 consolidated 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-year service period and expire ten years from issuance. The fair values of all option grants were estimated using the Black-Scholes option-pricing model. Since there was limited historical information on the volatility of the Company’s stock, management also considered the average volatilities of similar entities for an appropriate period in determining the assumed volatility rate used in the estimation of fair value. Management estimated the expected life of the options using the simplified method allowed under SAB No. 107. The 7-year Treasury yield in effect, at the time of the grant, provided the risk-free rate for periods within the contractual life of the option. Management recognizes compensation expense for the fair values of these awards, which have graded vesting, on a straight-line basis over the vesting period of the awards. Once vested, these awards are irrevocable. Shares will be obtained from either the open market or treasury stock upon share option exercise. Restricted shares generally vest over a five-year service period on the anniversary of the grant date. Once vested, these awards are irrevocable. The product of the number of shares granted and the grant date market price of the Company’s common stock determine the fair value of restricted shares under the Company’s restricted stock plans. Management recognizes compensation expense for the fair value of restricted shares on a straight-line basis over the vesting period of the awards. The following is a summary of the status of the Company’s stock option activity and related information for its option plan for the nine months ended June 30, 2017 and 2016, respectively: Weighted Weighted Average Aggregate Number of Average Remaining Intrinsic Stock Options Exercise Price Contractual Life Value Balance at September 30, 2016 188,276 $ 14.61 0.4 years $ — Granted — — Exercised — — Expired (188,276 ) 14.61 Forfeited — — Balance at June 30, 2017 — $ — — $ — Exercisable at June 30, 2017 — $ — — $ — 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 years Granted — — Exercised — — Forfeited — — Balance at June 30, 2016 188,276 $ 14.61 0.7 years $ — Exercisable at June 30, 2016 188,276 $ 14.61 0.7 years $ — The following is a summary of the Company’s non-vested restricted stock awards as of June 30, 2017 and 2016 and changes during the nine months ended June 30, 2017 and 2016: Weighted Average Number of Grant Date Stock Awards Fair Value Balance at September 30, 2016 — $ — Granted — — Vested — — Forfeited — — Balance at June 30, 2017 — $ — Weighted Average Number of Grant Date Stock Awards Fair Value Balance at September 30, 2015 1,252 $ 4.30 Granted — — Vested (1,252 ) 4.30 Forfeited — — Balance at June 30, 2016 — $ — There were no stock option and stock award expenses included with compensation expense for the nine months ended June 30, 2017. The Company announced in November 2007 its second stock repurchase program of up to 5% of its publicly-held outstanding shares of common stock, or 129,924 shares. Through June 30, 2017, the Company had repurchased a total of 81,000 shares of its common stock at an average cost of $8.33 per share under this program. No shares were repurchased during the nine months ended June 30, 2017 and 2016, respectively. Under the stock repurchase program, 48,924 shares of the 129,924 shares authorized remained available for repurchase as of June 30, 2017. The Company’s intended use of the repurchased shares is for general corporate purposes. The Company held 102,996 total treasury stock shares at June 30, 2017, of which 81,000 were from repurchases under this program. The Company has an Employee Stock Ownership Plan ("ESOP") for the benefit of employees of the Company and the Bank who meet the eligibility requirements as defined in the plan. The ESOP trust purchased 217,863 shares of common stock in the open market using proceeds of a loan from the Company. The total cost of shares purchased by the ESOP trust was $2.3 million, reflecting an average cost per share of $10.58. The Bank will make cash contributions to the ESOP on an annual basis sufficient to enable the ESOP to make the required loan payments to the Company. The loan bears a variable interest rate that adjusts annually every January 1 st 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 June 30, 2017, shares allocated to participants totaled 153,326. Unallocated ESOP shares held in suspense totaled 64,537 at June 30, 2017 and had a fair market value of $846,725. The Company's contribution expense for the ESOP was $116,000 and $92,000 for the nine months ended June 30, 2017 and 2016, respectively.

OTHER COMPREHENSIVE INCOME (LOS

OTHER COMPREHENSIVE INCOME (LOSS)	9 Months Ended
	Jun. 30, 2017
Other comprehensive income (loss)
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 June 30, 2017 2016 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 $ 44 $ (16 ) $ 28 $ 34 $ (12 ) $ 22 Less reclassification adjustment for net realized on available-for-sale investments (a) (b) — — — (10 ) 4 (6 ) Other comprehensive income, net $ 44 $ (16 ) $ 28 $ 24 $ (8 ) $ 16 Nine Months Ended June 30, 2017 2016 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 (loss) gain arising during period on: Available-for-sale investments $ (237 ) $ 86 $ (151 ) $ 70 $ (28 ) $ 42 Less reclassification adjustment for net realized on available-for-sale investments (a) (b) — — — (72 ) 29 (43 ) Other comprehensive (loss), net $ (237 ) $ 86 $ (151 ) $ (2 ) $ 1 $ (1 ) (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	9 Months Ended
	Jun. 30, 2017
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, the Company 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 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 the Company’s 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 the Company’s assets measured at fair value on a recurring basis. Fair Value at June 30, 2017 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 $ 7,739 $ — $ 7,739 $ — Debt securities 2,439 — 2,439 — Private label mortgage-backed securities-residential 65 — 65 — Total securities available for sale $ 10,243 $ — $ 10,243 $ — Fair Value at September 30, 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 $ 5,127 $ — $ 5,127 $ — Private label mortgage-backed securities-residential 107 — 107 — Total securities available for sale $ 5,234 $ — $ 5,234 $ — 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 $76,000 and $97,000 at June 30, 2017 and September 30, 2016, respectively. 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 the Company’s assets measured at fair value on a non-recurring basis at June 30, 2017 and September 30, 2016. Fair Value at June 30, 2017 Total Level 1 Level 2 Level 3 (Dollars in thousands) Other real estate owned $ 11,840 — — $ 11,840 $ 11,840 $ — $ — $ 11,840 Fair Value at September 30, 2016 Total Level 1 Level 2 Level 3 (Dollars in thousands) Impaired loans $ 958 $ — $ — $ 958 Other real estate owned 12,082 — — 12,082 $ 13,040 $ — $ — $ 13,040 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 June 30, 2017 Estimate Techniques Unobservable Input Range (Weighted Average) Other real estate owned $ 11,840 Appraisal of collateral (1) Liquidation expenses (2) -8.0% to -49.2% (-24.5%) Fair Value Valuation September 30, 2016 Estimate Techniques Unobservable Input Range (Weighted Average) Impaired loans $ 958 Appraisal of collateral (1) Appraisal adjustments (2) -5.8% to -36.5% (-19.5%) Other real estate owned $ 12,082 Appraisal of collateral (1) Liquidation expenses (2) -3.9% to -41.6% (-22.4%) (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 receivable: 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. FHLB 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 FHLB 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 June 30, 2017 and September 30, 2016. 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) June 30, 2017 Financial instruments - assets Investment securities held to maturity $ 51,073 $ 50,923 $ — $ 50,923 $ — Loans 465,077 467,593 — — 467,593 Financial instruments - liabilities Certificates of deposit including retirement certificates 134,678 135,474 — 135,474 — Borrowings 31,905 31,898 — 31,898 — September 30, 2016 Financial instruments - assets Investment securities held to maturity $ 52,934 $ 53,849 $ — $ 53,849 $ — Loans 455,031 462,868 — — 462,868 Financial instruments - liabilities Certificates of deposit including retirement certificates 133,979 135,162 — 135,162 — Borrowings 36,040 36,473 — 36,473 — There were no transfers between fair value measurement placements for the nine months ended June 30, 2017.

INVESTMENT SECURITIES

INVESTMENT SECURITIES	9 Months Ended
	Jun. 30, 2017
Investments, Debt and Equity Securities [Abstract]
INVESTMENT SECURITIES	NOTE H - INVESTMENT SECURITIES The following tables summarize the amortized cost and fair values of securities available for sale at June 30, 2017 and September 30, 2016: June 30, 2017 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 $ 7,863 $ 6 $ (130 ) $ 7,739 Debt securities 2,500 — (61 ) 2,439 Private label mortgage-backed securities-residential 66 — (1 ) 65 Total securities available for sale $ 10,429 $ 6 $ (192 ) $ 10,243 September 30, 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 $ 5,075 $ 52 $ — $ 5,127 Private label mortgage-backed securities-residential 108 — (1 ) 107 Total securities available for sale $ 5,183 $ 52 $ (1 ) $ 5,234 The maturities of the debt securities and mortgage-backed securities available for sale at June 30, 2017 are summarized in the following table: June 30, 2017 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 2,500 2,439 Due after 10 years — — Total debt securities 2,500 2,439 Mortgage-backed securities: Residential 7,929 7,804 Commercial — — Total $ 10,429 $ 10,243 The following tables summarize the amortized cost and fair values of securities held to maturity at June 30, 2017 and September 30, 2016: June 30, 2017 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 $ 3,738 $ 118 $ (95 ) $ 3,761 Mortgage-backed securities - commercial 984 — (11 ) 973 Obligations of U.S. government-sponsored enterprises: Mortgage-backed-securities - residential 38,427 356 (263 ) 38,520 Debt securities 4,461 — (41 ) 4,420 Private label mortgage-backed securities - residential 463 — (3 ) 460 Corporate securities 3,000 — (211 ) 2,789 Total securities held to maturity $ 51,073 $ 474 $ (624 ) $ 50,923 September 30, 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 $ 4,383 $ 171 $ (90 ) $ 4,464 Mortgage-backed securities - commercial 1,034 — (1 ) 1,033 Obligations of U.S. government-sponsored enterprises: Mortgage backed securities - residential 40,024 1,098 (16 ) 41,106 Debt securities 4,000 1 — 4,001 Private label mortgage-backed securities - residential 493 — (6 ) 487 Corporate securities 3,000 — (242 ) 2,758 Total securities held to maturity $ 52,934 $ 1,270 $ (355 ) $ 53,849 The maturities of the debt securities and the mortgage backed securities held to maturity at June, 2017 are summarized in the following table: June 30, 2017 Amortized Fair Cost Value (Dollars in thousands) Due within 1 year $ 2,000 $ 1,995 Due after 1 but within 5 years — — Due after 5 but within 10 years 4,499 4,281 Due after 10 years 962 933 Total debt securities 7,461 7,209 Mortgage-backed securities: Residential 42,628 42,741 Commercial 984 973 Total $ 51,073 $ 50,923

IMPAIRMENT OF INVESTMENT SECURI

IMPAIRMENT OF INVESTMENT SECURITIES	9 Months Ended
	Jun. 30, 2017
Schedule of Investments [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 less than their amortized cost contain unrealized losses. The following tables present the gross unrealized losses and fair value at June 30, 2017 and September 30, 2016 for both available for sale and held to maturity securities by investment category and time frame for which the loss has been outstanding: June 30, 2017 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 $ — $ — $ 739 $ (95 ) $ 739 $ (95 ) Obligations of U.S. government-sponsored enterprises Mortgage-backed securities - residential 20 24,579 (364 ) 3,239 (29 ) 27,818 (393 ) Debt securities 5 6,859 (102 ) — — 6,859 (102 ) Private label mortgage-backed securities residential 4 51 — 474 (4 ) 525 (4 ) Corporate securities 1 — — 2,789 (211 ) 2,789 (211 ) Total 33 $ 32,462 $ (477 ) $ 7,241 $ (339 ) $ 39,703 $ (816 ) September 30, 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 $ — $ — $ 849 $ (90 ) $ 849 $ (90 ) Mortgage-backed securities - commercial 1 1,033 (1 ) — — 1,033 (1 ) Obligations of U.S. government-sponsored enterprises Mortgage-backed securities - residential 2 1,376 (3 ) 1,942 (13 ) 3,318 (16 ) Private label mortgage-backed securities residential 3 172 (4 ) 330 (3 ) 502 (7 ) Corporate securities 1 — — 2,758 (242 ) 2,758 (242 ) Total 9 $ 2,581 $ (8 ) $ 5,879 $ (348 ) $ 8,460 $ (356 ) The Company evaluated these securities and determined that the decline in value was primarily related to fluctuations in the interest rate environment and were not related to any company or industry specific event. At June 30, 2017 and September 30, 2016, there were thirty three and nine, respectively, investment securities with unrealized losses. The Company anticipates full recovery of amortized costs with respect to these securities. 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 June 30, 2017 and September 30, 2016.

LOANS RECEIVABLE, NET AND RELAT

LOANS RECEIVABLE, NET AND RELATED ALLOWANCE FOR LOAN LOSSES	9 Months Ended
	Jun. 30, 2017
Loans Receivable, Net [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: June 30, September 30, 2017 2016 (Dollars in thousands) One-to four-family residential $ 178,494 $ 173,235 Commercial real estate 205,016 199,510 Construction 17,868 14,939 Home equity lines of credit 18,141 21,967 Commercial business 42,490 38,865 Other 6,227 9,355 Total loans receivable 468,236 457,871 Net deferred loan costs 226 216 Allowance for loan losses (3,385 ) (3,056 ) Total loans receivable, net $ 465,077 $ 455,031 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 Unpaid Recorded Related Recorded Recorded Principal At June 30, 2017 Investment Allowance Investment Investment Balance (Dollars in thousands) One-to four-family residential $ — $ — $ 2,795 $ 2,795 $ 2,921 Commercial real estate — — 4,138 4,138 4,138 Commercial business — — 370 370 1,644 Other — — 12 12 12 Total impaired loans $ — $ — $ 7,315 $ 7,315 $ 8,715 Impaired Loans with Impaired Loans with No Specific Specific Allowance Allowance Total Impaired Loans Unpaid Recorded Related Recorded Recorded Principal At September 30, 2016 Investment Allowance Investment Investment Balance (Dollars in thousands) One-to four-family residential $ — $ — $ 4,010 $ 4,010 $ 4,239 Commercial real estate — — 3,843 3,843 3,843 Home equity lines of credit — — 153 153 167 Commercial business 997 39 250 1,247 1,850 Total impaired loans $ 997 $ 39 $ 8,256 $ 9,253 $ 10,099 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 Nine Months Ended June 30, 2017 Ended June 30, 2017 (Dollars in thousands) One-to four-family residential $ 3,051 $ 3,307 Commercial real estate 5,274 4,783 Home equity lines of credit 243 171 Commercial business 560 732 Other 12 12 Average investment in impaired loans $ 9,140 $ 9,005 Three Months Nine Months Ended June 30, 2016 Ended June 30, 2016 (Dollars in thousands) One-to four-family residential $ 3,952 $ 3,626 Commercial real estate 4,429 4,761 Home equity lines of credit 15 92 Commercial business 1,570 1,702 Average investment in impaired loans $ 9,966 $ 10,181 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) June 30, 2017 One-to four-family residential $ 176,588 $ — $ 1,906 $ — $ 178,494 Commercial real estate 202,290 — 2,726 — 205,016 Construction 15,427 — 2,441 — 17,868 Home equity lines of credit 18,141 — — — 18,141 Commercial business 42,365 — — 125 42,490 Other 6,215 — 12 — 6,227 Total $ 461,026 $ — $ 7,085 $ 125 $ 468,236 Special Pass Mention Substandard Doubtful Total (Dollars in thousands) September 30, 2016 One-to four-family residential $ 169,596 $ 209 $ 3,430 $ — $ 173,235 Commercial real estate 196,838 — 2,672 — 199,510 Construction 12,461 — 2,478 — 14,939 Home equity lines of credit 21,814 — 153 — 21,967 Commercial business 37,868 — — 997 38,865 Other 9,355 — — — 9,355 Total $ 447,932 $ 209 $ 8,733 $ 997 $ 457,871 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) June 30, 2017 One-to four-family residential $ 176,236 $ 128 $ 487 $ 1,643 $ 2,258 $ 1,643 $ 178,494 Commercial real estate 204,501 — — 515 515 515 205,016 Construction 17,868 — — — — — 17,868 Home equity lines of credit 18,141 — — — — — 18,141 Commercial business 42,152 213 — 125 338 125 42,490 Other 6,215 — — 12 12 12 6,227 Total $ 465,113 $ 341 $ 487 $ 2,295 $ 3,123 $ 2,295 $ 468,236 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, 2016 One-to four-family residential $ 170,705 $ — $ 44 $ 2,486 $ 2,530 $ 2,486 $ 173,235 Commercial real estate 198,577 — 490 443 933 443 199,510 Construction 14,939 — — — — — 14,939 Home equity lines of credit 21,686 — — 281 281 281 21,967 Commercial business 37,865 — 3 997 1,000 997 38,865 Other 9,355 — — — — — 9,355 Total $ 453,127 $ — $ 537 $ 4,207 $ 4,744 $ 4,207 $ 457,871 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 nine months ended June 30, 2017: 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, 2016 $ 542 $ 1,075 $ 361 $ 71 $ 976 $ 9 $ 22 $ 3,056 Charge-offs (18 ) — — — (237 ) — — (255 ) Recoveries 35 — 3 — 1 — — 39 Provision (35 ) 77 4 — 174 (2 ) 112 330 Balance- December 31, 2016 $ 524 $ 1,152 $ 368 $ 71 $ 914 $ 7 $ 134 $ 3,170 Charge-offs (52 ) — — — (226 ) — — (278 ) Recoveries — — 3 14 1 — — 18 Provision 175 (44 ) (3 ) (18 ) 323 6 (36 ) 403 Balance- March 31, 2017 $ 647 $ 1,108 $ 368 $ 67 $ 1,012 $ 13 $ 98 $ 3,313 Charge-offs (39 ) — — — (209 ) — — (248 ) Recoveries — — 3 — 2 — — 5 Provision (49 ) 65 — (11 ) 219 (7 ) 98 315 Balance- June 30, 2017 $ 559 $ 1,173 $ 371 $ 56 $ 1,024 $ 6 $ 196 $ 3,385 The following table summarizes the ALL by loan category and the related activity for the nine months ended June 30, 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 Charge-offs (88 ) — — — (424 ) — — (512 ) Recoveries — 100 2 — — — — 102 Provision (15 ) (49 ) 39 (2 ) 467 (1 ) (19 ) 420 Balance- June 30, 2016 $ 396 $ 922 $ 309 $ 69 $ 1,036 $ 7 $ 161 $ 2,900 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 June 30, 2017 and September 30, 2016: 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 - June 30, 2017 $ 559 $ 1,173 $ 371 $ 56 $ 1,024 $ 6 $ 196 $ 3,385 Individually evaluated for impairment — — — — — — — — Collectively evaluated for impairment 559 1,173 371 56 1,024 6 196 3,385 Loans receivable: Balance - June 30, 2017 $ 178,494 $ 205,016 $ 17,868 $ 18,141 $ 42,490 $ 6,227 $ — $ 468,236 Individually evaluated for impairment 2,795 4,138 — — 370 12 — 7,315 Collectively evaluated for impairment 175,699 200,878 17,868 18,141 42,120 6,215 — 460,921 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, 2016 $ 542 $ 1,075 $ 361 $ 71 $ 976 $ 9 $ 22 $ 3,056 Individually evaluated for impairment — — — — 39 — — 39 Collectively evaluated for impairment 542 1,075 361 71 937 9 22 3,017 Loans receivable: Balance - September 30, 2016 $ 173,235 $ 199,510 $ 14,939 $ 21,967 $ 38,865 $ 9,355 $ — $ 457,871 Individually evaluated for impairment 4,010 3,843 — 153 1,247 — 9,253 Collectively evaluated for impairment 169,225 195,667 14,939 21,814 37,618 9,355 448,618 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 was no TDR for three months and one TDR for the nine months ended and there were no TDRs for the three and nine months ended June 30. 2016. Three Months Ended June 30, 2017 Number of Investment Before Investment After Loans TDR Modification TDR Modification (Dollars in thousands) One-to four-family residential — $ — $ — Commercial real estate — — — Construction — — — Home equity lines of credit — — — Commercial business — — — Other — — — Total — $ — $ — Nine Months Ended June 30, 2017 Number of Investment Before Investment After Loans TDR Modification TDR Modification (Dollars in thousands) One-to four-family residential 1 $ 182 $ 182 Total 1 $ 182 $ 182 The Company foreclosed $1.2 million of residential real estate loans for the nine months ended June 30, 2017, and $1.6 million of consumer mortgage loans collateralized by residential real estate property were in the process of foreclosure at June 30, 2017.

DEPOSITS

DEPOSITS	9 Months Ended
	Jun. 30, 2017
Deposits [Abstract]
DEPOSITS	NOTE K - DEPOSITS A summary of deposits by type of account are summarized as follows: 2017 2016 June 30 September 30 (Dollars in thousands) Demand accounts $ 92,444 $ 94,462 Savings accounts 109,644 100,706 NOW accounts 46,727 49,045 Money market accounts 116,279 114,458 Certificates of deposit 115,301 114,355 Retirement certificates 19,377 19,624 $ 499,772 $ 492,650

INCOME TAXES

INCOME TAXES	9 Months Ended
	Jun. 30, 2017
Income Tax Disclosure [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 June 30, 2017, the amount of which has not materially changed from that in place at September 30, 2016. 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 Nine Months Ended June 30, Ended June 30, 2017 2016 2017 2016 (Dollars in thousands) Income tax expense at 34% statutory federal tax rate $ 169 $ 136 $ 546 $ 403 State tax expense 30 36 94 112 Other 11 (23 ) 30 (71 ) Income tax expense $ 210 $ 149 $ 670 $ 444

FINANCIAL INSTRUMENTS WITH OFF-

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK	9 Months Ended
	Jun. 30, 2017
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. As of June 30, 2017 and September 30, 2016, the Company did not hold any interest rate floors or collars. In the normal course of business the Bank is a party to financial instruments with off-balance-sheet risk and in only 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 consolidated balance sheets. 2017 2016 June 30 September 30 (Dollars in thousands) Financial instruments whose contract amounts represent credit risk Letters of credit $ 559 $ 306 Unused lines of credit 52,401 45,888 Fixed rate loan commitments 3,413 5,272 Variable rate loan commitments 7,803 6,746 $ 64,176 $ 58,212

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
	Jun. 30, 2017
Earnings Per Share [Abstract]
Schedule of earnings per share	For the Three Months For the Nine Months Ended June 30, Ended June 30, 2017 2016 2017 2016 (In thousands except for per share data) Income applicable to common shares $ 288 $ 252 $ 935 $ 740 Weighted average number of common shares outstanding - basic 5,821 5,820 5,821 5,820 Stock options and restricted stock — — — — Weighted average number of common shares and common share equivalents - diluted 5,821 5,820 5,821 5,820 Basic earnings per share $ 0.05 $ 0.04 $ 0.16 $ 0.13 Diluted earnings per share $ 0.05 $ 0.04 $ 0.16 $ 0.13

STOCK-BASED COMPENSATION AND 22

STOCK-BASED COMPENSATION AND STOCK REPURCHASE PROGRAM (Tables)	9 Months Ended
	Jun. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [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, 2016 188,276 $ 14.61 0.4 years $ — Granted — — Exercised — — Expired (188,276 ) 14.61 Forfeited — — Balance at June 30, 2017 — $ — — $ — Exercisable at June 30, 2017 — $ — — $ — 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 years Granted — — Exercised — — Forfeited — — Balance at June 30, 2016 188,276 $ 14.61 0.7 years $ — Exercisable at June 30, 2016 188,276 $ 14.61 0.7 years $ —
Summary of non-vested restricted stock awards	Weighted Average Number of Grant Date Stock Awards Fair Value Balance at September 30, 2016 — $ — Granted — — Vested — — Forfeited — — Balance at June 30, 2017 — $ — Weighted Average Number of Grant Date Stock Awards Fair Value Balance at September 30, 2015 1,252 $ 4.30 Granted — — Vested (1,252 ) 4.30 Forfeited — — Balance at June 30, 2016 — $ —

OTHER COMPREHENSIVE INCOME (L23

OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	9 Months Ended
	Jun. 30, 2017
Other comprehensive income (loss)
Schedule of components of other comprehensive income (loss) and the related income tax effects	Three Months Ended June 30, 2017 2016 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 $ 44 $ (16 ) $ 28 $ 34 $ (12 ) $ 22 Less reclassification adjustment for net realized on available-for-sale investments (a) (b) — — — (10 ) 4 (6 ) Other comprehensive income, net $ 44 $ (16 ) $ 28 $ 24 $ (8 ) $ 16 Nine Months Ended June 30, 2017 2016 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 (loss) gain arising during period on: Available-for-sale investments $ (237 ) $ 86 $ (151 ) $ 70 $ (28 ) $ 42 Less reclassification adjustment for net realized on available-for-sale investments (a) (b) — — — (72 ) 29 (43 ) Other comprehensive (loss), net $ (237 ) $ 86 $ (151 ) $ (2 ) $ 1 $ (1 ) (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)	9 Months Ended
	Jun. 30, 2017
Fair Value Disclosures [Abstract]
Schedule of assets measured at fair value on a recurring basis	Fair Value at June 30, 2017 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 $ 7,739 $ — $ 7,739 $ — Debt securities 2,439 — 2,439 — Private label mortgage-backed securities-residential 65 — 65 — Total securities available for sale $ 10,243 $ — $ 10,243 $ — Fair Value at September 30, 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 $ 5,127 $ — $ 5,127 $ — Private label mortgage-backed securities-residential 107 — 107 — Total securities available for sale $ 5,234 $ — $ 5,234 $ —
Schedule of assets measured at fair value on a non-recurring basis	Fair Value at June 30, 2017 Total Level 1 Level 2 Level 3 (Dollars in thousands) Other real estate owned $ 11,840 — — $ 11,840 $ 11,840 $ — $ — $ 11,840 Fair Value at September 30, 2016 Total Level 1 Level 2 Level 3 (Dollars in thousands) Impaired loans $ 958 $ — $ — $ 958 Other real estate owned 12,082 — — 12,082 $ 13,040 $ — $ — $ 13,040
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 June 30, 2017 Estimate Techniques Unobservable Input Range (Weighted Average) Other real estate owned $ 11,840 Appraisal of collateral (1) Liquidation expenses (2) -8.0% to -49.2% (-24.5%) Fair Value Valuation September 30, 2016 Estimate Techniques Unobservable Input Range (Weighted Average) Impaired loans $ 958 Appraisal of collateral (1) Appraisal adjustments (2) -5.8% to -36.5% (-19.5%) Other real estate owned $ 12,082 Appraisal of collateral (1) Liquidation expenses (2) -3.9% to -41.6% (-22.4%) (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) June 30, 2017 Financial instruments - assets Investment securities held to maturity $ 51,073 $ 50,923 $ — $ 50,923 $ — Loans 465,077 467,593 — — 467,593 Financial instruments - liabilities Certificates of deposit including retirement certificates 134,678 135,474 — 135,474 — Borrowings 31,905 31,898 — 31,898 — September 30, 2016 Financial instruments - assets Investment securities held to maturity $ 52,934 $ 53,849 $ — $ 53,849 $ — Loans 455,031 462,868 — — 462,868 Financial instruments - liabilities Certificates of deposit including retirement certificates 133,979 135,162 — 135,162 — Borrowings 36,040 36,473 — 36,473 —

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	9 Months Ended
	Jun. 30, 2017
Investments, Debt and Equity Securities [Abstract]
Summary of the amortized cost and fair values of securities available for sale	June 30, 2017 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 $ 7,863 $ 6 $ (130 ) $ 7,739 Debt securities 2,500 — (61 ) 2,439 Private label mortgage-backed securities-residential 66 — (1 ) 65 Total securities available for sale $ 10,429 $ 6 $ (192 ) $ 10,243 September 30, 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 $ 5,075 $ 52 $ — $ 5,127 Private label mortgage-backed securities-residential 108 — (1 ) 107 Total securities available for sale $ 5,183 $ 52 $ (1 ) $ 5,234
Summary of maturities of the debt securities and mortgage-backed securities available for sale	June 30, 2017 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 2,500 2,439 Due after 10 years — — Total debt securities 2,500 2,439 Mortgage-backed securities: Residential 7,929 7,804 Commercial — — Total $ 10,429 $ 10,243
Summary of the amortized cost and fair values of securities held to maturity	June 30, 2017 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 $ 3,738 $ 118 $ (95 ) $ 3,761 Mortgage-backed securities - commercial 984 — (11 ) 973 Obligations of U.S. government-sponsored enterprises: Mortgage-backed-securities - residential 38,427 356 (263 ) 38,520 Debt securities 4,461 — (41 ) 4,420 Private label mortgage-backed securities - residential 463 — (3 ) 460 Corporate securities 3,000 — (211 ) 2,789 Total securities held to maturity $ 51,073 $ 474 $ (624 ) $ 50,923 September 30, 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 $ 4,383 $ 171 $ (90 ) $ 4,464 Mortgage-backed securities - commercial 1,034 — (1 ) 1,033 Obligations of U.S. government-sponsored enterprises: Mortgage backed securities - residential 40,024 1,098 (16 ) 41,106 Debt securities 4,000 1 — 4,001 Private label mortgage-backed securities - residential 493 — (6 ) 487 Corporate securities 3,000 — (242 ) 2,758 Total securities held to maturity $ 52,934 $ 1,270 $ (355 ) $ 53,849
Summary of maturities of the debt securities and mortgage-backed securities securities held to maturity	June 30, 2017 Amortized Fair Cost Value (Dollars in thousands) Due within 1 year $ 2,000 $ 1,995 Due after 1 but within 5 years — — Due after 5 but within 10 years 4,499 4,281 Due after 10 years 962 933 Total debt securities 7,461 7,209 Mortgage-backed securities: Residential 42,628 42,741 Commercial 984 973 Total $ 51,073 $ 50,923

IMPAIRMENT OF INVESTMENT SECU26

IMPAIRMENT OF INVESTMENT SECURITIES (Tables)	9 Months Ended
	Jun. 30, 2017
Schedule of Investments [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	June 30, 2017 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 $ — $ — $ 739 $ (95 ) $ 739 $ (95 ) Obligations of U.S. government-sponsored enterprises Mortgage-backed securities - residential 20 24,579 (364 ) 3,239 (29 ) 27,818 (393 ) Debt securities 5 6,859 (102 ) — — 6,859 (102 ) Private label mortgage-backed securities residential 4 51 — 474 (4 ) 525 (4 ) Corporate securities 1 — — 2,789 (211 ) 2,789 (211 ) Total 33 $ 32,462 $ (477 ) $ 7,241 $ (339 ) $ 39,703 $ (816 ) September 30, 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 $ — $ — $ 849 $ (90 ) $ 849 $ (90 ) Mortgage-backed securities - commercial 1 1,033 (1 ) — — 1,033 (1 ) Obligations of U.S. government-sponsored enterprises Mortgage-backed securities - residential 2 1,376 (3 ) 1,942 (13 ) 3,318 (16 ) Private label mortgage-backed securities residential 3 172 (4 ) 330 (3 ) 502 (7 ) Corporate securities 1 — — 2,758 (242 ) 2,758 (242 ) Total 9 $ 2,581 $ (8 ) $ 5,879 $ (348 ) $ 8,460 $ (356 )

LOANS RECEIVABLE, NET AND REL27

LOANS RECEIVABLE, NET AND RELATED ALLOWANCE FOR LOAN LOSSES (Tables)	9 Months Ended
	Jun. 30, 2017
Loans Receivable, Net [Abstract]
Schedule of loans receivable, net	June 30, September 30, 2017 2016 (Dollars in thousands) One-to four-family residential $ 178,494 $ 173,235 Commercial real estate 205,016 199,510 Construction 17,868 14,939 Home equity lines of credit 18,141 21,967 Commercial business 42,490 38,865 Other 6,227 9,355 Total loans receivable 468,236 457,871 Net deferred loan costs 226 216 Allowance for loan losses (3,385 ) (3,056 ) Total loans receivable, net $ 465,077 $ 455,031
Schedule of impaired loans	Impaired Loans with Impaired Loans with No Specific Specific Allowance Allowance Total Impaired Loans Unpaid Recorded Related Recorded Recorded Principal At June 30, 2017 Investment Allowance Investment Investment Balance (Dollars in thousands) One-to four-family residential $ — $ — $ 2,795 $ 2,795 $ 2,921 Commercial real estate — — 4,138 4,138 4,138 Commercial business — — 370 370 1,644 Other — — 12 12 12 Total impaired loans $ — $ — $ 7,315 $ 7,315 $ 8,715 Impaired Loans with Impaired Loans with No Specific Specific Allowance Allowance Total Impaired Loans Unpaid Recorded Related Recorded Recorded Principal At September 30, 2016 Investment Allowance Investment Investment Balance (Dollars in thousands) One-to four-family residential $ — $ — $ 4,010 $ 4,010 $ 4,239 Commercial real estate — — 3,843 3,843 3,843 Home equity lines of credit — — 153 153 167 Commercial business 997 39 250 1,247 1,850 Total impaired loans $ 997 $ 39 $ 8,256 $ 9,253 $ 10,099
Schedule of average recorded investment in impaired loans	Three Months Nine Months Ended June 30, 2017 Ended June 30, 2017 (Dollars in thousands) One-to four-family residential $ 3,051 $ 3,307 Commercial real estate 5,274 4,783 Home equity lines of credit 243 171 Commercial business 560 732 Other 12 12 Average investment in impaired loans $ 9,140 $ 9,005 Three Months Nine Months Ended June 30, 2016 Ended June 30, 2016 (Dollars in thousands) One-to four-family residential $ 3,952 $ 3,626 Commercial real estate 4,429 4,761 Home equity lines of credit 15 92 Commercial business 1,570 1,702 Average investment in impaired loans $ 9,966 $ 10,181
Schedule of loan portfolio summarized by Bank's internal risk rating system	Special Pass Mention Substandard Doubtful Total (Dollars in thousands) June 30, 2017 One-to four-family residential $ 176,588 $ — $ 1,906 $ — $ 178,494 Commercial real estate 202,290 — 2,726 — 205,016 Construction 15,427 — 2,441 — 17,868 Home equity lines of credit 18,141 — — — 18,141 Commercial business 42,365 — — 125 42,490 Other 6,215 — 12 — 6,227 Total $ 461,026 $ — $ 7,085 $ 125 $ 468,236 Special Pass Mention Substandard Doubtful Total (Dollars in thousands) September 30, 2016 One-to four-family residential $ 169,596 $ 209 $ 3,430 $ — $ 173,235 Commercial real estate 196,838 — 2,672 — 199,510 Construction 12,461 — 2,478 — 14,939 Home equity lines of credit 21,814 — 153 — 21,967 Commercial business 37,868 — — 997 38,865 Other 9,355 — — — 9,355 Total $ 447,932 $ 209 $ 8,733 $ 997 $ 457,871
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) June 30, 2017 One-to four-family residential $ 176,236 $ 128 $ 487 $ 1,643 $ 2,258 $ 1,643 $ 178,494 Commercial real estate 204,501 — — 515 515 515 205,016 Construction 17,868 — — — — — 17,868 Home equity lines of credit 18,141 — — — — — 18,141 Commercial business 42,152 213 — 125 338 125 42,490 Other 6,215 — — 12 12 12 6,227 Total $ 465,113 $ 341 $ 487 $ 2,295 $ 3,123 $ 2,295 $ 468,236 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, 2016 One-to four-family residential $ 170,705 $ — $ 44 $ 2,486 $ 2,530 $ 2,486 $ 173,235 Commercial real estate 198,577 — 490 443 933 443 199,510 Construction 14,939 — — — — — 14,939 Home equity lines of credit 21,686 — — 281 281 281 21,967 Commercial business 37,865 — 3 997 1,000 997 38,865 Other 9,355 — — — — — 9,355 Total $ 453,127 $ — $ 537 $ 4,207 $ 4,744 $ 4,207 $ 457,871
Schedule of activity in the allowance for loan losses by portfolio segment	The following table summarizes the ALL by loan category and the related activity for the nine months ended June 30, 2017: 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, 2016 $ 542 $ 1,075 $ 361 $ 71 $ 976 $ 9 $ 22 $ 3,056 Charge-offs (18 ) — — — (237 ) — — (255 ) Recoveries 35 — 3 — 1 — — 39 Provision (35 ) 77 4 — 174 (2 ) 112 330 Balance- December 31, 2016 $ 524 $ 1,152 $ 368 $ 71 $ 914 $ 7 $ 134 $ 3,170 Charge-offs (52 ) — — — (226 ) — — (278 ) Recoveries — — 3 14 1 — — 18 Provision 175 (44 ) (3 ) (18 ) 323 6 (36 ) 403 Balance- March 31, 2017 $ 647 $ 1,108 $ 368 $ 67 $ 1,012 $ 13 $ 98 $ 3,313 Charge-offs (39 ) — — — (209 ) — — (248 ) Recoveries — — 3 — 2 — — 5 Provision (49 ) 65 — (11 ) 219 (7 ) 98 315 Balance- June 30, 2017 $ 559 $ 1,173 $ 371 $ 56 $ 1,024 $ 6 $ 196 $ 3,385 The following table summarizes the ALL by loan category and the related activity for the nine months ended June 30, 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 Charge-offs (88 ) — — — (424 ) — — (512 ) Recoveries — 100 2 — — — — 102 Provision (15 ) (49 ) 39 (2 ) 467 (1 ) (19 ) 420 Balance- June 30, 2016 $ 396 $ 922 $ 309 $ 69 $ 1,036 $ 7 $ 161 $ 2,900 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 June 30, 2017 and September 30, 2016: 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 - June 30, 2017 $ 559 $ 1,173 $ 371 $ 56 $ 1,024 $ 6 $ 196 $ 3,385 Individually evaluated for impairment — — — — — — — — Collectively evaluated for impairment 559 1,173 371 56 1,024 6 196 3,385 Loans receivable: Balance - June 30, 2017 $ 178,494 $ 205,016 $ 17,868 $ 18,141 $ 42,490 $ 6,227 $ — $ 468,236 Individually evaluated for impairment 2,795 4,138 — — 370 12 — 7,315 Collectively evaluated for impairment 175,699 200,878 17,868 18,141 42,120 6,215 — 460,921 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, 2016 $ 542 $ 1,075 $ 361 $ 71 $ 976 $ 9 $ 22 $ 3,056 Individually evaluated for impairment — — — — 39 — — 39 Collectively evaluated for impairment 542 1,075 361 71 937 9 22 3,017 Loans receivable: Balance - September 30, 2016 $ 173,235 $ 199,510 $ 14,939 $ 21,967 $ 38,865 $ 9,355 $ — $ 457,871 Individually evaluated for impairment 4,010 3,843 — 153 1,247 — 9,253 Collectively evaluated for impairment 169,225 195,667 14,939 21,814 37,618 9,355 448,618
Schedule of troubled debt restructurings	Three Months Ended June 30, 2017 Number of Investment Before Investment After Loans TDR Modification TDR Modification (Dollars in thousands) One-to four-family residential — $ — $ — Commercial real estate — — — Construction — — — Home equity lines of credit — — — Commercial business — — — Other — — — Total — $ — $ — Nine Months Ended June 30, 2017 Number of Investment Before Investment After Loans TDR Modification TDR Modification (Dollars in thousands) One-to four-family residential 1 $ 182 $ 182 Total 1 $ 182 $ 182

DEPOSITS (Tables)

DEPOSITS (Tables)	9 Months Ended
	Jun. 30, 2017
Deposits [Abstract]
Schedule of deposits by type of account	2017 2016 June 30 September 30 (Dollars in thousands) Demand accounts $ 92,444 $ 94,462 Savings accounts 109,644 100,706 NOW accounts 46,727 49,045 Money market accounts 116,279 114,458 Certificates of deposit 115,301 114,355 Retirement certificates 19,377 19,624 $ 499,772 $ 492,650

INCOME TAXES (Tables)

INCOME TAXES (Tables)	9 Months Ended
	Jun. 30, 2017
Income Tax Disclosure [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 Nine Months Ended June 30, Ended June 30, 2017 2016 2017 2016 (Dollars in thousands) Income tax expense at 34% statutory federal tax rate $ 169 $ 136 $ 546 $ 403 State tax expense 30 36 94 112 Other 11 (23 ) 30 (71 ) Income tax expense $ 210 $ 149 $ 670 $ 444

FINANCIAL INSTRUMENTS WITH OF30

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK (Tables)	9 Months Ended
	Jun. 30, 2017
FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK [Abstract]
Schedule of fair value, off-balance sheet financial instruments	2017 2016 June 30 September 30 (Dollars in thousands) Financial instruments whose contract amounts represent credit risk Letters of credit $ 559 $ 306 Unused lines of credit 52,401 45,888 Fixed rate loan commitments 3,413 5,272 Variable rate loan commitments 7,803 6,746 $ 64,176 $ 58,212

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		9 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Earnings Per Share [Abstract]
Income applicable to common shares	$ 288	$ 252	$ 935	$ 740
Weighted average number of common shares outstanding - basic	5,821	5,820	5,821	5,820
Stock options and restricted stock
Weighted average number of common shares and common share equivalents - diluted	5,821	5,820	5,821	5,820
Basic earnings per share	$ 0.05	$ 0.04	$ 0.16	$ 0.13
Diluted earnings per share	$ 0.05	$ 0.04	$ 0.16	$ 0.13

EARNINGS PER SHARE (Narrative)

EARNINGS PER SHARE (Narrative) (Details) - $ / shares	Jun. 30, 2017	Sep. 30, 2016	Jun. 30, 2016	Sep. 30, 2015
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
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

STOCK-BASED COMPENSATION AND 33

STOCK-BASED COMPENSATION AND STOCK REPURCHASE PROGRAM (Narrative) (Details) - USD ($)	9 Months Ended		116 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Sep. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock option expenses	$ 0
Stock award expenses	$ 0
Stock repurchased during period (in shares)
Treasury stock, shares	102,996		102,996	102,996
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 shares of common stock in the open market using proceeds of a loan from the Company. The total cost of shares purchased by the ESOP trust was $2.3 million, reflecting an average cost per share of $10.58. The Bank will make cash contributions to the ESOP on an annual basis sufficient to enable the ESOP to make the required loan payments to the Company. The loan bears a variable interest rate that adjusts annually every January 1st to the then published Prime Rate (3.75% at January 1, 2017) with principal and interest payable annually in equal installments over thirty years. The loan is secured by shares of the Company’s stock.
Interest rate of loan with respect to employee stock ownership plan	3.75%		3.75%
Shares allocated	153,326		153,326
Suspense shares	64,537		64,537
Fair value of unallocated shares	$ 846,725		$ 846,725
ESOP compensation expense	$ 116,000	$ 92,000
Total ESOP shares	217,863		217,863
Second Repurchase Program [Member]
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 Option [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 Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	5 years

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 ($)	9 Months Ended		12 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Sep. 30, 2016	Sep. 30, 2015
Number of Stock Options
Balance at the beginning of period	188,276	188,276	188,276
Options granted
Options exercised
Options expired	(188,276)
Options forfeited
Balance at the end of period		188,276	188,276	188,276
Exercisable at the end of period		188,276
Weighted Average Exercise Price
Weighted average price at the beginning of period	$ 14.61	$ 14.61	$ 14.61
Options granted
Options exercised
Options expired	14.61
Options forfeited
Weighted average price at the end of period		14.61	$ 14.61	$ 14.61
Exercisable at the end of period		$ 14.61
Weighted Average Remaining Contractual Life, Outstanding		8 months 12 days	4 months 24 days	1 year 4 months 24 days
Weighted Average Remaining Contractual Life, Exercisable		8 months 12 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	9 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Number of Stock Awards
Balance at the beginning of period (in shares)		1,252
Granted
Vested		(1,252)
Forfeited
Balance at the end of period (in shares)
Average Grant Date Fair Value
Balance at the beginning of period (in dollars per share)		$ 4.30
Granted
Vested		(4.30)
Forfeited
Balance at the end of period (in dollars per share)

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		9 Months Ended
		Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Other comprehensive income (loss)
Available-for-sale investments before tax		$ 44	$ 34	$ (237)	$ 70
Tax benefit (expense)		(16)	(12)	86	(28)
Available-for-sale investments after tax		28	22	(151)	42
Reclassification adjustment for net gains (losses) realized on available-for-sale investments before tax			(10)		(72)
Tax benefit (expense)	[1],[2]		4		29
Reclassification adjustment for net gains (losses) realized on available-for-sale investments after tax	[1],[2]		(6)		(43)
Other comprehensive income, net before tax		44	24	(237)	(2)
Tax benefit (expense), Total		(16)	(8)	86	1
Other comprehensive (loss), net		$ 28	$ 16	$ (151)	$ (1)
[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 ($) $ in Thousands	Jun. 30, 2017	Sep. 30, 2016
Fair value measured on recurring basis:
Securities available for sale	$ 10,243	$ 5,234
Obligations of U.S. government-sponsored enterprises Mortgage-backed securities-residential [Member]
Fair value measured on recurring basis:
Securities available for sale	7,739	5,127
Obligations of U.S. government-sponsored enterprises Debt securities [Member]
Fair value measured on recurring basis:
Securities available for sale	2,439
Private label mortgage-backed securities-residential [Member]
Fair value measured on recurring basis:
Securities available for sale	65	107
Fair Value, Measurements, Recurring [Member]
Fair value measured on recurring basis:
Securities available for sale	10,243	5,234
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	7,739	5,127
Fair Value, Measurements, Recurring [Member] | Obligations of U.S. government-sponsored enterprises Debt securities [Member]
Fair value measured on recurring basis:
Securities available for sale	2,439
Fair Value, Measurements, Recurring [Member] | Private label mortgage-backed securities-residential [Member]
Fair value measured on recurring basis:
Securities available for sale	65	107
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member]
Fair value measured on recurring basis:
Securities available for sale
Fair Value, Inputs, Level 1 [Member] | 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
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | Obligations of U.S. government-sponsored enterprises Debt securities [Member]
Fair value measured on recurring basis:
Securities available for sale
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | Private label mortgage-backed securities-residential [Member]
Fair value measured on recurring basis:
Securities available for sale
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member]
Fair value measured on recurring basis:
Securities available for sale	10,243	5,234
Fair Value, Inputs, Level 2 [Member] | 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	7,739	5,127
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Obligations of U.S. government-sponsored enterprises Debt securities [Member]
Fair value measured on recurring basis:
Securities available for sale	2,439
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Private label mortgage-backed securities-residential [Member]
Fair value measured on recurring basis:
Securities available for sale	65	107
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member]
Fair value measured on recurring basis:
Securities available for sale
Fair Value, Inputs, Level 3 [Member] | 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
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Obligations of U.S. government-sponsored enterprises Debt securities [Member]
Fair value measured on recurring basis:
Securities available for sale
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [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	Jun. 30, 2017	Sep. 30, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans		$ 958
Other real estate owned	$ 11,840	12,082
Assets measured at fair value on a non-recurring basis	11,840	13,040
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		958
Other real estate owned	11,840	12,082
Assets measured at fair value on a non-recurring basis	$ 11,840	$ 13,040

FAIR VALUE DISCLOSURES (Sched39

FAIR VALUE DISCLOSURES (Schedule of Additional Quantitative Information About Assets Measured at Fair Value) (Details) - USD ($) $ in Thousands		9 Months Ended	12 Months Ended
		Jun. 30, 2017	Sep. 30, 2016
Other Real Estate Owned [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Valuation techniques and Unobservable Input	[1],[2]	Appraisal of collateral; Liquidation expenses	Appraisal of collateral; Liquidation expenses
Impaired Loans [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Valuation techniques and Unobservable Input	[1],[2]		Appraisal of collateral; Appraisal adjustments
Fair Value Measured on a Nonrecurring Basis [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair value estimate		$ 11,840	$ 13,040
Fair Value Measured on a Nonrecurring Basis [Member] | Other Real Estate Owned [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair value estimate		$ 11,840	$ 12,082
Fair Value Measured on a Nonrecurring Basis [Member] | Other Real Estate Owned [Member] | Minimum [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair value input- appraisal of collateral		(8.00%)	(3.90%)
Fair Value Measured on a Nonrecurring Basis [Member] | Other Real Estate Owned [Member] | Maximum [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair value input- appraisal of collateral		(49.20%)	(41.60%)
Fair Value Measured on a Nonrecurring Basis [Member] | Other Real Estate Owned [Member] | Weighted Average [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair value input- appraisal of collateral		(24.50%)	(22.40%)
Fair Value Measured on a Nonrecurring Basis [Member] | Impaired Loans [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair value estimate			$ 958
Fair Value Measured on a Nonrecurring Basis [Member] | Impaired Loans [Member] | Minimum [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair value input- appraisal of collateral			(5.80%)
Fair Value Measured on a Nonrecurring Basis [Member] | Impaired Loans [Member] | Maximum [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair value input- appraisal of collateral			(36.50%)
Fair Value Measured on a Nonrecurring Basis [Member] | Impaired Loans [Member] | Weighted Average [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair value input- appraisal of collateral			(19.50%)
[1]	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.
[2]	Fair value is generally determined through independent appraisals for the underlying collateral, which generally include various level 3 inputs which are not identifiable.

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	Jun. 30, 2017	Sep. 30, 2016
Financial instruments - assets
Investment securities held to maturity	$ 51,073	$ 52,934
Fair Value, Inputs, Level 1 [Member]
Financial instruments - assets
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
Investment securities held to maturity	50,923	53,849
Loans
Financial instruments - liabilities
Certificates of deposit including retirement certificates	135,474	135,162
Borrowings	31,898	36,473
Fair Value, Inputs, Level 3 [Member]
Financial instruments - assets
Investment securities held to maturity
Loans	467,593	462,868
Financial instruments - liabilities
Certificates of deposit including retirement certificates
Borrowings
Carrying Value [Member]
Financial instruments - assets
Investment securities held to maturity	51,073	52,934
Loans	465,077	455,031
Financial instruments - liabilities
Certificates of deposit including retirement certificates	134,678	133,979
Borrowings	31,905	36,040
Fair Value [Member]
Financial instruments - assets
Investment securities held to maturity	50,923	53,849
Loans	467,593	462,868
Financial instruments - liabilities
Certificates of deposit including retirement certificates	135,474	135,162
Borrowings	$ 31,898	$ 36,473

INVESTMENT SECURITIES (Summary

INVESTMENT SECURITIES (Summary of Amortized Cost and Fair Values of Securities Available For Sale) (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Sep. 30, 2016
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 10,429	$ 5,183
Gross Unrealized Gains	6	52
Gross Unrealized Losses	(192)	(1)
Fair Value	10,243	5,234
Obligations of U.S. government-sponsored enterprises Mortgage-backed securities-residential [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	7,863	5,075
Gross Unrealized Gains	6	52
Gross Unrealized Losses	(130)
Fair Value	7,739	5,127
Obligations of U.S. government-sponsored enterprises Debt securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	2,500
Gross Unrealized Gains
Gross Unrealized Losses	(61)
Fair Value	2,439
Private label mortgage-backed securities-residential [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	66	108
Gross Unrealized Gains
Gross Unrealized Losses	(1)	(1)
Fair Value	$ 65	$ 107

INVESTMENT SECURITIES (Summar42

INVESTMENT SECURITIES (Summary of Maturities of Debt Securities and Mortgage-backed Securities Available For Sale) (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Sep. 30, 2016
Available for Sale Securities, Amortized Cost
Due within 1 year
Due after 1 but within 5 years
Due after 5 but within 10 years	2,500
Due after 10 years
Total debt securities	2,500
Mortgage Backed Securities, Residential	7,929
Mortgage Backed Securities, Commercial
Amortized Cost	10,429	$ 5,183
Available for Sale Securities, Fair Value
Due within 1 year
Due after 1 but within 5 years
Due after 5 but within 10 years	2,439
Due after 10 years
Total debt securities	2,439
Mortgage Backed Securities, Residential	7,804
Mortgage Backed Securities, Commercial
Fair Value	$ 10,243	$ 5,234

INVESTMENT SECURITIES (Summar43

INVESTMENT SECURITIES (Summary of Maturities of Debt Securities and Mortgage-backed Securities Held to Maturity) (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Sep. 30, 2016
Held to maturity securities
Amortized cost	$ 51,073	$ 52,934
Gross Unrealized Gains	474	1,270
Gross Unrealized Losses	(624)	(355)
Fair Value	50,923	53,849
Obligations of U.S. government agencies Mortgage backed securities - residential [Member]
Held to maturity securities
Amortized cost	3,738	4,383
Gross Unrealized Gains	118	171
Gross Unrealized Losses	(95)	(90)
Fair Value	3,761	4,464
Obligations of U.S. government agencies Mortgage backed securities -commercial [Member]
Held to maturity securities
Amortized cost	984	1,034
Gross Unrealized Gains
Gross Unrealized Losses	(11)	(1)
Fair Value	973	1,033
Obligations of U.S. government-sponsored enterprises Mortgage-backed securities-residential [Member]
Held to maturity securities
Amortized cost	38,427	40,024
Gross Unrealized Gains	356	1,098
Gross Unrealized Losses	(263)	(16)
Fair Value	38,520	41,106
Obligations of U.S. government-sponsored enterprises Debt securities [Member]
Held to maturity securities
Amortized cost	4,461	4,000
Gross Unrealized Gains		1
Gross Unrealized Losses	(41)
Fair Value	4,420	4,001
Private label mortgage-backed securities-residential [Member]
Held to maturity securities
Amortized cost	463	493
Gross Unrealized Gains
Gross Unrealized Losses	(3)	(6)
Fair Value	460	487
Corporate securities [Member]
Held to maturity securities
Amortized cost	3,000	3,000
Gross Unrealized Gains
Gross Unrealized Losses	(211)	(242)
Fair Value	$ 2,789	$ 2,758

INVESTMENT SECURITIES (Summar44

INVESTMENT SECURITIES (Summary of Amortized Cost and Fair Values of Securities Held to Maturity) (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Sep. 30, 2016
Held to Maturity Securities, Amortized Cost
Due within 1 year	$ 2,000
Due after 1 but within 5 years
Due after 5 but within 10 years	4,499
Due after 10 years	962
Total debt securities	7,461
Mortgage Backed Securities, Residential	42,628
Mortgage Backed Securities, Commercial	984
Amortized cost	51,073	$ 52,934
Held to Maturity Securities, Fair Value
Due within 1 year	1,995
Due after 1 but within 5 years
Due after 5 but within 10 years	4,281
Due after 10 years	933
Total debt securities	7,209
Mortgage Backed Securities, Residential	42,741
Mortgage Backed Securities, Commercial	973
Fair value	$ 50,923	$ 53,849

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	Jun. 30, 2017USD ($)N	Sep. 30, 2016USD ($)N
Available For Sale and Held To Maturity Securities
Number of Securities | N	33	9
Less Than 12 Months, Fair Value	$ 32,462	$ 2,581
Less Than 12 Months, Unrealized Losses	(477)	(8)
12 Months Or Greater, Fair Value	7,241	5,879
12 Months Or Greater, Unrealized Losses	(339)	(348)
Total, Fair Value	39,703	8,460
Total, Unrealized Losses	$ (816)	$ (356)
Obligations of U.S. government agencies Mortgage backed securities - residential [Member]
Available For Sale and Held To Maturity Securities
Number of Securities | N	2	2
Less Than 12 Months, Fair Value
Less Than 12 Months, Unrealized Losses
12 Months Or Greater, Fair Value	739	849
12 Months Or Greater, Unrealized Losses	(95)	(90)
Total, Fair Value	739	849
Total, Unrealized Losses	$ (95)	$ (90)
Obligations of U.S. government-sponsored enterprises Mortgage-backed securities-residential [Member]
Available For Sale and Held To Maturity Securities
Number of Securities | N	20	2
Less Than 12 Months, Fair Value	$ 24,579	$ 1,376
Less Than 12 Months, Unrealized Losses	(364)	(3)
12 Months Or Greater, Fair Value	3,239	1,942
12 Months Or Greater, Unrealized Losses	(29)	(13)
Total, Fair Value	27,818	3,318
Total, Unrealized Losses	$ (393)	$ (16)
Obligations of U.S. government-sponsored enterprises Debt securities [Member]
Available For Sale and Held To Maturity Securities
Number of Securities | N	5
Less Than 12 Months, Fair Value	$ 6,859
Less Than 12 Months, Unrealized Losses	(102)
12 Months Or Greater, Fair Value
12 Months Or Greater, Unrealized Losses
Total, Fair Value	6,859
Total, Unrealized Losses	$ (102)
Private label mortgage-backed securities-residential [Member]
Available For Sale and Held To Maturity Securities
Number of Securities | N	4	3
Less Than 12 Months, Fair Value	$ 51	$ 172
Less Than 12 Months, Unrealized Losses		(4)
12 Months Or Greater, Fair Value	474	330
12 Months Or Greater, Unrealized Losses	(4)	(3)
Total, Fair Value	525	502
Total, Unrealized Losses	$ (4)	$ (7)
Corporate securities [Member]
Available For Sale and Held To Maturity Securities
Number of Securities | N	1	1
Less Than 12 Months, Fair Value
Less Than 12 Months, Unrealized Losses
12 Months Or Greater, Fair Value	2,789	2,758
12 Months Or Greater, Unrealized Losses	(211)	(242)
Total, Fair Value	2,789	2,758
Total, Unrealized Losses	$ (211)	$ (242)
Obligations of U.S. government agencies Mortgage backed securities -commercial [Member]
Available For Sale and Held To Maturity Securities
Number of Securities | N		1
Less Than 12 Months, Fair Value		$ 1,033
Less Than 12 Months, Unrealized Losses		(1)
12 Months Or Greater, Fair Value
12 Months Or Greater, Unrealized Losses
Total, Fair Value		1,033
Total, Unrealized Losses		$ (1)

LOANS RECEIVABLE, NET AND REL46

LOANS RECEIVABLE, NET AND RELATED ALLOWANCE FOR LOAN LOSSES (Schedule of Loans Receivable, Net) (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Sep. 30, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	$ 468,236	$ 457,871
Net deferred loan costs	226	216
Allowance for loan losses	(3,385)	(3,056)
Total loans receivable, net	465,077	455,031
One-to four-family residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	178,494	173,235
Allowance for loan losses	(559)	(542)
Commercial real estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	205,016	199,510
Allowance for loan losses	(1,173)	(1,075)
Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	17,868	14,939
Allowance for loan losses	(371)	(361)
Home equity lines of credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	18,141	21,967
Allowance for loan losses	(56)	(71)
Commercial business [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	42,490	38,865
Allowance for loan losses	(1,024)	(976)
Other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	6,227	9,355
Allowance for loan losses	$ (6)	$ (9)

LOANS RECEIVABLE, NET AND REL47

LOANS RECEIVABLE, NET AND RELATED ALLOWANCE FOR LOAN LOSSES (Schedule of Impaired Loans by Class) (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Sep. 30, 2016
Financing Receivable, Impaired [Line Items]
Recorded Investment Impaired Loans with Specific Allowance		$ 997
Related Allowance Impaired Loans with Specific Allowance		39
Recorded Investment Impaired Loans with No Specific Allowance	7,315	8,256
Total Impaired Loans Recorded Investment	7,315	9,253
Total Impaired Loans Unpaid Principal Balance	8,715	10,099
One-to four-family residential [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment Impaired Loans with Specific Allowance
Related Allowance Impaired Loans with Specific Allowance
Recorded Investment Impaired Loans with No Specific Allowance	2,795	4,010
Total Impaired Loans Recorded Investment	2,795	4,010
Total Impaired Loans Unpaid Principal Balance	2,921	4,239
Commercial real estate [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment Impaired Loans with Specific Allowance
Related Allowance Impaired Loans with Specific Allowance
Recorded Investment Impaired Loans with No Specific Allowance	4,138	3,843
Total Impaired Loans Recorded Investment	4,138	3,843
Total Impaired Loans Unpaid Principal Balance	4,138	3,843
Commercial business [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment Impaired Loans with Specific Allowance		997
Related Allowance Impaired Loans with Specific Allowance		39
Recorded Investment Impaired Loans with No Specific Allowance	370	250
Total Impaired Loans Recorded Investment	370	1,247
Total Impaired Loans Unpaid Principal Balance	1,644	1,850
Other [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment Impaired Loans with Specific Allowance
Related Allowance Impaired Loans with Specific Allowance
Recorded Investment Impaired Loans with No Specific Allowance	12
Total Impaired Loans Recorded Investment	12
Total Impaired Loans Unpaid Principal Balance	$ 12
Home equity lines of credit [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment Impaired Loans with Specific Allowance
Related Allowance Impaired Loans with Specific Allowance
Recorded Investment Impaired Loans with No Specific Allowance		153
Total Impaired Loans Recorded Investment		153
Total Impaired Loans Unpaid Principal Balance		$ 167

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		9 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Financing Receivable, Impaired [Line Items]
Average investment in impaired loans	$ 9,140	$ 9,966	$ 9,005	$ 10,181
One-to four-family residential [Member]
Financing Receivable, Impaired [Line Items]
Average investment in impaired loans	3,051	3,952	3,307	3,626
Commercial real estate [Member]
Financing Receivable, Impaired [Line Items]
Average investment in impaired loans	5,274	4,429	4,783	4,761
Home equity lines of credit [Member]
Financing Receivable, Impaired [Line Items]
Average investment in impaired loans	243	15	171	92
Commercial business [Member]
Financing Receivable, Impaired [Line Items]
Average investment in impaired loans	560	$ 1,570	732	$ 1,702
Other [Member]
Financing Receivable, Impaired [Line Items]
Average investment in impaired loans	$ 12		$ 12

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	Jun. 30, 2017	Sep. 30, 2016
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	$ 468,236	$ 457,871
Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	461,026	447,932
Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross		209
Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	7,085	8,733
Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	125	997
One-to four-family residential [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	178,494	173,235
One-to four-family residential [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	176,588	169,596
One-to four-family residential [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross		209
One-to four-family residential [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	1,906	3,430
One-to four-family residential [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross
Commercial real estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	205,016	199,510
Commercial real estate [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	202,290	196,838
Commercial real estate [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross
Commercial real estate [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	2,726	2,672
Commercial real estate [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross
Construction [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	17,868	14,939
Construction [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	15,427	12,461
Construction [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross
Construction [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	2,441	2,478
Construction [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross
Home equity lines of credit [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	18,141	21,967
Home equity lines of credit [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	18,141	21,814
Home equity lines of credit [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross
Home equity lines of credit [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross		153
Home equity lines of credit [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross
Commercial business [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	42,490	38,865
Commercial business [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	42,365	37,868
Commercial business [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross
Commercial business [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross
Commercial business [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	125	997
Other [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	6,227	9,355
Other [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	6,215	9,355
Other [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross
Other [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	12
Other [Member] | Doubtful [Member]
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	Jun. 30, 2017	Sep. 30, 2016
Financing Receivable, Recorded Investment, Aging [Abstract]
Current	$ 465,113	$ 453,127
Total Past Due	3,123	4,744
Non - Accrual	2,295	4,207
Total loans receivable	468,236	457,871
One-to four-family residential [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Current	176,236	170,705
Total Past Due	2,258	2,530
Non - Accrual	1,643	2,486
Total loans receivable	178,494	173,235
Commercial real estate [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Current	204,501	198,577
Total Past Due	515	933
Non - Accrual	515	443
Total loans receivable	205,016	199,510
Construction [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Current	17,868	14,939
Total Past Due
Non - Accrual
Total loans receivable	17,868	14,939
Home equity lines of credit [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Current	18,141	21,686
Total Past Due		281
Non - Accrual		281
Total loans receivable	18,141	21,967
Commercial business [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Current	42,152	37,865
Total Past Due	338	1,000
Non - Accrual	125	997
Total loans receivable	42,490	38,865
Other [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Current	6,215	9,355
Total Past Due	12
Non - Accrual	12
Total loans receivable	6,227	9,355
30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Total Past Due	341
30-59 Days Past Due [Member] | One-to four-family residential [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Total Past Due	128
30-59 Days Past Due [Member] | Commercial real estate [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Total Past Due
30-59 Days Past Due [Member] | Construction [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Total Past Due
30-59 Days Past Due [Member] | Home equity lines of credit [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Total Past Due
30-59 Days Past Due [Member] | Commercial business [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Total Past Due	213
30-59 Days Past Due [Member] | Other [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Total Past Due
60-89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Total Past Due	2,295	537
60-89 Days Past Due [Member] | One-to four-family residential [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Total Past Due	487	44
60-89 Days Past Due [Member] | Commercial real estate [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Total Past Due		490
60-89 Days Past Due [Member] | Construction [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Total Past Due
60-89 Days Past Due [Member] | Home equity lines of credit [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Total Past Due
60-89 Days Past Due [Member] | Commercial business [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Total Past Due		3
60-89 Days Past Due [Member] | Other [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Total Past Due
90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Total Past Due	487	4,207
90 Days Past Due [Member] | One-to four-family residential [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Total Past Due	1,643	2,486
90 Days Past Due [Member] | Commercial real estate [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Total Past Due	515	443
90 Days Past Due [Member] | Construction [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Total Past Due
90 Days Past Due [Member] | Home equity lines of credit [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Total Past Due		281
90 Days Past Due [Member] | Commercial business [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Total Past Due	125	997
90 Days Past Due [Member] | Other [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Total Past Due	$ 12

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						9 Months Ended
	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Jun. 30, 2017	Jun. 30, 2016
Activity in the allowance for loan losses by loan category:
Balance at beginning of period	$ 3,313	$ 3,170	$ 3,056	$ 2,890	$ 3,100	$ 2,886	$ 3,056	$ 2,886
Charge-offs	(248)	(278)	(255)	(512)	(528)	(45)
Recoveries	5	18	39	102	27	81
Provision	315	403	330	420	291	178	1,048	889
Balance at the end of period	3,385	3,313	3,170	2,900	2,890	3,100	3,385	2,900
One-to four-family residential [Member]
Activity in the allowance for loan losses by loan category:
Balance at beginning of period	647	524	542	499	386	395	542	395
Charge-offs	(39)	(52)	(18)	(88)		(45)
Recoveries			35
Provision	(49)	175	(35)	(15)	113	36
Balance at the end of period	559	647	524	396	499	386	559	396
Commercial real estate [Member]
Activity in the allowance for loan losses by loan category:
Balance at beginning of period	1,108	1,152	1,075	871	935	931	1,075	931
Charge-offs					(61)
Recoveries				100
Provision	65	(44)	77	(49)	(3)	4
Balance at the end of period	1,173	1,108	1,152	922	871	935	1,173	922
Construction [Member]
Activity in the allowance for loan losses by loan category:
Balance at beginning of period	368	368	361	268	382	453	361	453
Charge-offs
Recoveries	3	3	3	2	1
Provision		(3)	4	39	(115)	(71)
Balance at the end of period	371	368	368	309	268	382	371	309
Home equity lines of credit [Member]
Activity in the allowance for loan losses by loan category:
Balance at beginning of period	67	71	71	71	55	53	71	53
Charge-offs					(84)
Recoveries		14				80
Provision	(11)	(18)		(2)	100	(78)
Balance at the end of period	56	67	71	69	71	55	56	69
Commercial business [Member]
Activity in the allowance for loan losses by loan category:
Balance at beginning of period	1,012	914	976	993	1,225	969	976	969
Charge-offs	(209)	(226)	(237)	(424)	(383)
Recoveries	2	1	1		26	1
Provision	219	323	174	467	125	255
Balance at the end of period	1,024	1,012	914	1,036	993	1,225	1,024	1,036
Other [Member]
Activity in the allowance for loan losses by loan category:
Balance at beginning of period	13	7	9	8	9	6	9	6
Charge-offs
Recoveries
Provision	(7)	6	(2)	(1)	(1)	3
Balance at the end of period	6	13	7	7	8	9	6	7
Unallocated [Member]
Activity in the allowance for loan losses by loan category:
Balance at beginning of period	98	134	22	180	108	79	22	79
Charge-offs
Recoveries
Provision	98	36	112	(19)	72	29
Balance at the end of period	$ 196	$ 98	$ 134	$ 161	$ 180	$ 108	$ 196	$ 161

LOANS RECEIVABLE, NET AND REL52

LOANS RECEIVABLE, NET AND RELATED ALLOWANCE FOR LOAN LOSSES (Schedule of ALL by Loan Category) (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Sep. 30, 2016
Allowance for Loan Losses:
Balance - Allowance for loans losses	$ 3,385	$ 3,056
Individually evaluated for impairment		39
Collectively evaluated for impairment	3,385	3,017
Balance - Loans receivable	468,236	457,871
Loan balance individually evaluated for impairment	7,315	9,253
Loan balance collectively evaluated for impairment	460,921	448,618
One-to four-family residential [Member]
Allowance for Loan Losses:
Balance - Allowance for loans losses	559	542
Individually evaluated for impairment
Collectively evaluated for impairment	559	542
Balance - Loans receivable	178,494	173,235
Loan balance individually evaluated for impairment	2,795	4,010
Loan balance collectively evaluated for impairment	175,699	169,225
Commercial real estate [Member]
Allowance for Loan Losses:
Balance - Allowance for loans losses	1,173	1,075
Individually evaluated for impairment
Collectively evaluated for impairment	1,173	1,075
Balance - Loans receivable	205,016	199,510
Loan balance individually evaluated for impairment	4,138	3,843
Loan balance collectively evaluated for impairment	200,878	195,667
Construction [Member]
Allowance for Loan Losses:
Balance - Allowance for loans losses	371	361
Individually evaluated for impairment
Collectively evaluated for impairment	371	361
Balance - Loans receivable	17,868	14,939
Loan balance individually evaluated for impairment
Loan balance collectively evaluated for impairment	17,868	14,939
Home equity lines of credit [Member]
Allowance for Loan Losses:
Balance - Allowance for loans losses	56	71
Individually evaluated for impairment
Collectively evaluated for impairment	56	71
Balance - Loans receivable	18,141	21,967
Loan balance individually evaluated for impairment		153
Loan balance collectively evaluated for impairment	18,141	21,814
Commercial business [Member]
Allowance for Loan Losses:
Balance - Allowance for loans losses	1,024	976
Individually evaluated for impairment		39
Collectively evaluated for impairment	1,024	937
Balance - Loans receivable	42,490	38,865
Loan balance individually evaluated for impairment	370	1,247
Loan balance collectively evaluated for impairment	42,120	37,618
Other [Member]
Allowance for Loan Losses:
Balance - Allowance for loans losses	6	9
Individually evaluated for impairment
Collectively evaluated for impairment	6	9
Balance - Loans receivable	6,227	9,355
Loan balance individually evaluated for impairment	12
Loan balance collectively evaluated for impairment	6,215	9,355
Unallocated [Member]
Allowance for Loan Losses:
Balance - Allowance for loans losses	196	22
Individually evaluated for impairment
Collectively evaluated for impairment	196	22
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 restructurings) (Details) $ in Thousands	3 Months Ended	9 Months Ended
	Jun. 30, 2017USD ($)N	Jun. 30, 2017USD ($)N
Number of Loans | N		1
Investment Before TDR Modification		$ 182
Investment After TDR Modification		182
Amount of residential real estate loans foreclosed	1,200	1,200
Amount of consumer mortgage loans collateralized by residential real estate property in the process of foreclosure	$ 1,600	$ 1,600
One-to four-family residential [Member]
Number of Loans | N		1
Investment Before TDR Modification		$ 182
Investment After TDR Modification		$ 182
Commercial real estate [Member]
Number of Loans | N
Investment Before TDR Modification
Investment After TDR Modification
Construction [Member]
Number of Loans | N
Investment Before TDR Modification
Investment After TDR Modification
Home equity lines of credit [Member]
Number of Loans | N
Investment Before TDR Modification
Investment After TDR Modification
Commercial business [Member]
Number of Loans | N
Investment Before TDR Modification
Investment After TDR Modification
Other [Member]
Number of Loans | N
Investment Before TDR Modification
Investment After TDR Modification

DEPOSITS (Schedule of Deposits

DEPOSITS (Schedule of Deposits by Type of Account) (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Sep. 30, 2016
Deposits [Abstract]
Demand accounts	$ 92,444	$ 94,462
Savings accounts	109,644	100,706
NOW accounts	46,727	49,045
Money market accounts	116,279	114,458
Certificates of deposit	115,301	114,355
Retirement certificates	19,377	19,624
Deposits, Total	$ 499,772	$ 492,650

INCOME TAXES (Schedule of Recon

INCOME TAXES (Schedule of Reconciliation of Income Tax) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Income Tax Disclosure [Abstract]
Income tax expense at 34% statutory federal tax rate	$ 169	$ 136	$ 546	$ 403
State tax expense	30	36	94	112
Other	11	(23)	30	(71)
Income tax expense	$ 210	$ 149	$ 670	$ 444

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	Jun. 30, 2017	Sep. 30, 2016
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments - contract amounts	$ 64,176	$ 58,212
Letters of credit [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments - contract amounts	559	306
Unused lines of credit [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments - contract amounts	52,401	45,888
Fixed rate loan commitments [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments - contract amounts	3,413	5,272
Variable rate loan commitments [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments - contract amounts	$ 7,803	$ 6,746