Magyar Bancorp (MGYR) 10-Q 14 Aug 18 2018 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Jun. 30, 2018	Aug. 01, 2018
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	2,018
Document Period End Date	Jun. 30, 2018
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, 2018	Sep. 30, 2017
Assets
Cash	$ 937	$ 871
Interest earning deposits with banks	12,557	21,463
Total cash and cash equivalents	13,494	22,334
Investment securities - available for sale, at fair value	23,111	11,815
Investment securities - held to maturity, at amortized cost (fair value of $32,905 and $51,241 at June 30, 2018 and September 30, 2017, respectively)	34,342	51,368
Federal Home Loan Bank of New York stock, at cost	2,760	2,002
Loans receivable, net of allowance for loan losses of $3,985 and $3,475 at June 30, 2018 and September 30, 2017, respectively	498,818	470,693
Bank owned life insurance	11,768	11,550
Accrued interest receivable	2,014	1,929
Premises and equipment, net	17,198	17,567
Other real estate owned ("OREO")	10,040	11,056
Other assets	2,599	2,730
Total assets	616,144	603,044
Liabilities
Deposits	507,984	515,201
Escrowed funds	2,478	1,937
Federal Home Loan Bank of New York advances	48,764	31,905
Accrued interest payable	160	105
Accounts payable and other liabilities	6,201	4,439
Total liabilities	565,587	553,587
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, 2018 and September 30, 2017	59	59
Additional paid-in capital	26,305	26,289
Treasury stock: 102,996 shares at June 30, 2018 and September 30, 2017, at cost	(1,152)	(1,152)
Unearned Employee Stock Ownership Plan shares	(390)	(492)
Retained earnings	27,269	25,757
Accumulated other comprehensive loss	(1,534)	(1,004)
Total stockholders' equity	50,557	49,457
Total liabilities and stockholders' equity	$ 616,144	$ 603,044

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2018	Sep. 30, 2017
Statement of Financial Position [Abstract]
Fair value of investment securities - held to maturity	$ 32,905	$ 51,241
Allowance for loan losses	$ 3,985	$ 3,475
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 (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Interest and dividend income
Loans, including fees	$ 5,736	$ 5,042	$ 16,579	$ 15,050
Investment securities
Taxable	399	378	1,236	1,150
Federal Home Loan Bank of New York stock	33	27	97	88
Total interest and dividend income	6,168	5,447	17,912	16,288
Interest expense
Deposits	981	748	2,746	2,195
Borrowings	185	180	512	558
Total interest expense	1,166	928	3,258	2,753
Net interest and dividend income	5,002	4,519	14,654	13,535
Provision for loan losses	276	315	782	1,048
Net interest and dividend income after provision for loan losses	4,726	4,204	13,872	12,487
Other income
Service charges	268	279	749	867
Income on bank owned life insurance	73	71	218	214
Other operating income	34	25	101	88
Gains on sales of loans	146	72	362	183
Gains on sales of investment securities			107
Total other income	521	447	1,537	1,352
Other expenses
Compensation and employee benefits	2,496	2,272	7,297	6,764
Occupancy expenses	718	697	2,190	2,092
Professional fees	284	251	768	770
Data processing expenses	143	129	424	385
OREO expenses	63	169	462	423
FDIC deposit insurance premiums	114	125	319	384
Loan servicing expenses	73	62	231	179
Insurance expense	50	58	152	174
Other expenses	418	390	1,207	1,063
Total other expenses	4,359	4,153	13,050	12,234
Income before income tax expense	888	498	2,359	1,605
Income tax expense	289	210	1,035	670
Net income	$ 599	$ 288	$ 1,324	$ 935
Net income per share-basic and diluted	$ 0.10	$ 0.05	$ 0.23	$ 0.16

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Statement of Comprehensive Income [Abstract]
Net income	$ 599	$ 288	$ 1,324	$ 935
Other comprehensive income (loss)
Unrealized gain (loss) on securities available for sale	(223)	44	(469)	(237)
Less reclassification adjustments for:
Net unrealized gains on securities reclassified available for sale			104
Net gains realized on securities available for sale			(107)
Other comprehensive income (loss), before tax	(223)	44	(472)	(237)
Deferred income tax effect	115	(16)	130	86
Total other comprehensive income (loss)	(108)	28	(342)	(151)
Total comprehensive income	$ 491	$ 316	$ 982	$ 784

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, 2016		$ 59	$ 26,270	$ (1,152)	$ (627)	$ 24,334	$ (1,159)	$ 47,725
Balance, shares at Sep. 30, 2016		5,820,746
Net income						935		935
Other comprehensive loss							(151)	(151)
Reclassification of the stranded tax effect related to deferred taxes for:
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
Balance, at Sep. 30, 2017		$ 59	26,289	(1,152)	(492)	25,757	(1,004)	$ 49,457
Balance, shares at Sep. 30, 2017		5,820,746						5,820,746
Net income						1,324		$ 1,324
Other comprehensive loss							(342)	(342)
Reclassification of the stranded tax effect related to deferred taxes for:
Defined benefit pension plan	[1]					177	(177)
Securities available-for-sale	[1]					11	(11)
ESOP shares allocated			16		102			118
Balance, at Jun. 30, 2018		$ 59	$ 26,305	$ (1,152)	$ (390)	$ 27,269	$ (1,534)	$ 50,557
Balance, shares at Jun. 30, 2018		5,820,746						5,820,746
[1]	In January 2018, the Company adopted ASU 2018-02, as a result, the Company made a policy election to release income tax effects, as a result of the Tax Act, from AOCI to retained earnings.

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Operating activities
Net income	$ 1,324	$ 935
Adjustment to reconcile net income to net cash provided by operating activities
Depreciation expense	612	606
Premium amortization on investment securities, net	104	143
Provision for loan losses	782	1,048
Provision for loss on other real estate owned	308	218
Originations of loans held for sale	(6,255)	(2,651)
Proceeds from the sales of loans receivable	6,617	2,834
Gains on sale of loans receivable	(362)	(183)
Gains on sales of investment securities	(107)
Gains on the sales of other real estate owned	(66)	(5)
ESOP compensation expense	118	116
Deferred income tax expense	638	689
Increase in accrued interest receivable	(85)	(95)
Increase in surrender value bank owned life insurance	(218)	(214)
Increase in other assets	(377)	(121)
Increase in accrued interest payable	55	17
Increase (decrease) in accounts payable and other liabilities	1,762	(1,174)
Net cash provided by operating activities	4,850	2,163
Investing activities
Net (increase) decrease in loans receivable	(28,166)	371
Purchases of loans receivable	(4,463)	(12,626)
Proceeds from the sale of loans receivable	3,399
Purchases of investment securities held to maturity	(3,492)	(3,974)
Purchases of investment securities available for sale	(1,443)	(6,079)
Sales of investment securities held to maturity	3,408
Principal repayments on investment securities held to maturity	4,542	5,716
Principal repayments on investment securities available for sale	2,246	809
Purchases of premises and equipment	(243)	(202)
Investment in other real estate owned	(182)	(34)
Proceeds from other real estate owned	1,279	1,225
(Purchases) redemptions of Federal Home Loan Bank stock	(758)	123
Net cash used by investing activities	(23,873)	(14,671)
Financing activities
Net (decrease) increase in deposits	(7,217)	7,122
Net increase in escrowed funds	541	460
Proceeds from long-term advances	4,059	865
Repayments of long-term advances	(2,000)	(5,000)
Net change in short-term advances	14,800
Net cash provided by financing activities	10,183	3,447
Net decrease in cash and cash equivalents	(8,840)	(9,061)
Cash and cash equivalents, beginning of period	22,334	21,806
Cash and cash equivalents, end of period	13,494	12,745
Supplemental disclosures of cash flow information
Interest	3,204	2,736
Income taxes	964	36
Non-cash investing activities
Real estate acquired in full satisfaction of loans in foreclosure		1,161
Investment securities transferred from held to maturity to available for sale	$ 12,619

BASIS OF PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	Jun. 30, 2018
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, 2018 are not necessarily indicative of the results that may be expected for the year ending September 30, 2018. The September 30, 2017 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, 2018 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, 2018
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
RECENT ACCOUNTING PRONOUNCEMENTS	NOTE B- RECENT ACCOUNTING PRONOUNCEMENTS In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers Topic 606 Revenue Recognition Based on our evaluation under the current guidance, we estimated that substantially all of our interest income and non-interest income will not be impacted by the adoption of ASU 2014-09 because either the revenue from those contracts with customers is covered by other guidance in US GAAP or the revenue recognition outcomes anticipated with the adoption of ASU 2014-09 will likely be similar to our current revenue recognition practices. The Company evaluated certain noninterest revenue streams, including, deposit related fees, service and interchange fees, and merchant income to determine the potential impact of the guidance on the Company’s consolidated financial statements. The Company expects additional financial statement disclosures of non-interest income revenue streams with the adoption of this ASU. In addition, we are reviewing our business processes, systems and controls to support recognition and disclosures under the new standard. The Company is expected to use the modified retrospective method for transition in which the cumulative effect will be recognized at the date of adoption with no restatement of comparative periods presented. The adoption of the ASU is not expected to have a material effect on the Company’s consolidated financial statements . In January 2016, FASB issued ASU 2016-01, Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. ASU 2016-01, among other things, (i) requires equity investments, with certain exceptions, to be measured at fair value with changes in fair value recognized in net income; (ii) simplifies the impairment assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to identify impairment; (iii) eliminates the requirement for public business entities to disclose the methods and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost on the balance sheet; (iv) requires public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes; (v) requires an entity to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk when the entity has elected to measure the liability at fair value in accordance with the fair value option for financial instruments; (vi) requires separate presentation of financial assets and financial liabilities by measurement category and form of financial asset on the balance sheet or the accompanying notes to the financial statements; and (vii) clarifies that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for-sale. In addition, the amendments in this ASU require an entity to disclose the fair value of its financial instruments using the exit price notion. Exit price is 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. For public entities, the guidance is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2017. The Company has updated the fair value disclosure on Note G Fair Value Disclosures in this report to reflect adoption of this standard, to include using the exit price notion in the fair value disclosure of financial instruments. The Company`s adoption of the ASU did not have a significant impact on the Company's consolidated financial statements. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses In August 2017, the FASB issued the ASU 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities . The purpose of this guidance is to better align a company’s financial reporting for hedging relationships with the company’s risk management activities by expanding strategies that qualify for hedge accounting, modifying the presentation of certain hedging relationships in the financial statements and simplifying the application of hedge accounting in certain situations. ASU 2017-12 is effective for fiscal years beginning after December 15, 2018, with early adoption permitted in any interim or annual period before the effective date. ASU 2017-12 will be applied using a modified retrospective approach through a cumulative-effect adjustment related to the elimination of the separate measurement of ineffectiveness to the balance of accumulated other comprehensive income with a corresponding adjustment to retained earnings as of the beginning of the fiscal year in which the amendments in this update are adopted. The amended presentation and disclosure guidance is required only prospectively. Upon adoption, the ASU allows for the reclassification of debt securities eligible to be hedged under the ASU from held-to-maturity to available-for-sale. In February 2018, the FASB issued ASU 2018-02, Income Statement- Reporting Comprehensive Income (Topic 220) – Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income. The Company adopted the provisions of ASU 2018-02 effective June 30, 2018 and elected to record a reclassification adjustment of $188,000 from AOCI to retained earnings in the consolidated statements of stockholders’ equity for stranded tax effects resulting from enactment of the Tax Act.

CONTINGENCIES

CONTINGENCIES	9 Months Ended
	Jun. 30, 2018
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, 2018
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, 2018 and 2017 were calculated by dividing net income by the weighted-average number of shares outstanding for the period considering the effect of dilutive 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, 2018 2017 2018 2017 (In thousands except for per share data) Income applicable to common shares $ 599 $ 288 $ 1,324 $ 935 Weighted average number of common shares outstanding - basic 5,821 5,821 5,821 5,821 Stock options and restricted stock — — — — Weighted average number of common shares and common share equivalents - diluted 5,821 5,821 5,821 5,821 Basic earnings per share $ 0.10 $ 0.05 $ 0.23 $ 0.16 Diluted earnings per share $ 0.10 $ 0.05 $ 0.23 $ 0.16 There were no outstanding options to purchase common stock at June 30, 2018 and 2017.

STOCK-BASED COMPENSATION AND ST

STOCK-BASED COMPENSATION AND STOCK REPURCHASE PROGRAM	9 Months Ended
	Jun. 30, 2018
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. 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. There was no activity for the Company’s stock option plan for the months ended June 30, 2018. 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. 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 — $ — — $ — There were no grants, vested shares or forfeitures of non-vested restricted stock awards as of or during the nine months ended June 30, 2018 and 2017. There were no stock option and stock award expenses included with compensation expense for the nine months ended June 30, 2018 and 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, 2018, 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, 2018 and 2017, respectively. Under the stock repurchase program, 48,924 shares of the 129,924 shares authorized remained available for repurchase as of June 30, 2018. 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, 2018, 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, 2018, shares allocated to participants totaled 165,771. Unallocated ESOP shares held in suspense totaled 52,092 at June 30, 2018 and had a fair market value of $670,945. The Company's contribution expense for the ESOP was $118,000 and $116,000 for the nine months ended June 30, 2018 and 2017, respectively.

OTHER COMPREHENSIVE INCOME (LOS

OTHER COMPREHENSIVE INCOME (LOSS)	9 Months Ended
	Jun. 30, 2018
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, 2018 2017 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 (loss) arising during period on: Available-for-sale investments $ (223 ) $ 115 $ (108 ) $ 44 $ (16 ) $ 28 Other comprehensive (loss) income, net $ (223 ) $ 115 $ (108 ) $ 44 $ (16 ) $ 28 Nine Months Ended June 30, 2018 2017 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 (loss) arising during period on: Available-for-sale investments $ (469 ) $ 129 $ (340 ) $ (237 ) $ 86 $ (151 ) Less reclassification adjustments for: Net unrealized gains on securities reclassified available for sale 104 (32 ) 72 — — — Net gains realized on securities available for sale (a) (b) (107 ) 33 (74 ) — — — Other comprehensive (loss) income, net $ (472 ) $ 130 $ (342 ) $ (237 ) $ 86 $ (151 ) (a) Realized gains on securities transactions included in gains on sales of investment securities in the accompanying (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, 2018
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, 2018 Total Level 1 Level 2 Level 3 (Dollars in thousands) Securities available for sale: Obligations of U.S. government agencies: Mortgage-backed securities - residential $ 1,543 $ — $ 1,543 $ — Obligations of U.S. government-sponsored enterprises: Mortgage-backed securities-residential 19,194 — 19,194 — Debt securities 2,371 — 2,371 — Private label mortgage-backed securities-residential 3 — 3 — Total securities available for sale $ 23,111 $ — $ 23,111 $ — Fair Value at September 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 $ 9,326 $ — $ 9,326 $ — Debt securities 2,449 — 2,449 — Private label mortgage-backed securities-residential 40 — 40 — Total securities available for sale $ 11,815 $ — $ 11,815 $ — 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 $49,000 and $69,000 at June 30, 2018 and September 30, 2017, 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, 2018 and September 30, 2017. Fair Value at June 30, 2018 Total Level 1 Level 2 Level 3 (Dollars in thousands) Impaired loans $ — $ — $ — $ — Other real estate owned 10,040 — — 10,040 $ 10,040 $ — $ — $ 10,040 Fair Value at September 30, 2017 Total Level 1 Level 2 Level 3 (Dollars in thousands) Impaired loans $ 909 $ — $ — $ 909 Other real estate owned 11,056 — — 11,056 $ 11,965 $ — $ — $ 11,965 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, 2018 Estimate Techniques Unobservable Input Range (Weighted Average) Impaired loans $ — Appraisal of collateral (1) Appraisal adjustments (2) Other real estate owned $ 10,040 Appraisal of collateral (1) Liquidation expenses (2) -3.1% to -42.2% (-14.4%) Fair Value Valuation September 30, 2017 Estimate Techniques Unobservable Input Range (Weighted Average) Impaired loans $ 909 Appraisal of collateral (1) Appraisal adjustments (2) -7.9% to -35.2% (-22.3%) Other real estate owned $ 11,056 Appraisal of collateral (1) Liquidation expenses (2) -8.0% to -55.4% (-25.0%) (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 downward 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, 2018 and September 30, 2017. 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, 2018 Financial instruments - assets Investment securities held to maturity $ 34,342 $ 32,905 $ — $ 32,905 $ — Loans 498,818 495,929 — — 495,929 Financial instruments - liabilities Certificates of deposit including retirement certificates 123,206 123,628 — 123,628 — Borrowings 48,764 48,230 — 48,230 — September 30, 2017 Financial instruments - assets Investment securities held to maturity $ 51,368 $ 51,241 $ — $ 51,241 $ — Loans 470,693 473,538 — — 473,538 Financial instruments - liabilities Certificates of deposit including retirement certificates 128,028 128,750 — 128,750 — Borrowings 31,905 31,865 — 31,865 — There were no transfers between fair value measurement placements during the nine months ended June 30, 2018.

INVESTMENT SECURITIES

INVESTMENT SECURITIES	9 Months Ended
	Jun. 30, 2018
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, 2018 and September 30, 2017: June 30, 2018 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Dollars in thousands) Securities available for sale: Obligations of U.S. government agencies: Mortgage-backed securities - residential $ 1,491 $ 54 $ (2 ) $ 1,543 Obligations of U.S. government-sponsored enterprises: Mortgage-backed securities-residential 19,756 20 (582 ) 19,194 Debt securities 2,500 — (129 ) 2,371 Private label mortgage-backed securities-residential 3 — — 3 Total securities available for sale $ 23,750 $ 74 $ (713 ) $ 23,111 September 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 $ 9,442 $ 9 $ (125 ) $ 9,326 Debt securities 2,500 — (51 ) 2,449 Private label mortgage-backed securities-residential 40 — — 40 Total securities available for sale $ 11,982 $ 9 $ (176 ) $ 11,815 The maturities of the debt securities and mortgage-backed securities available for sale at June 30, 2018 are summarized in the following table: June 30, 2018 Amortized Fair Cost Value (Dollars in thousands) Due within 1 year $ — $ — Due after 1 but within 5 years 1,500 1,411 Due after 5 but within 10 years 1,000 960 Due after 10 years — — Total debt securities 2,500 2,371 Mortgage-backed securities: Residential 21,250 20,740 Commercial — — Total $ 23,750 $ 23,111 The following tables summarize the amortized cost and fair values of securities held to maturity at June 30, 2018 and September 30, 2017: June 30, 2018 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 $ 588 $ — $ (94 ) $ 494 Mortgage-backed securities - commercial 920 — (10 ) 910 Obligations of U.S. government-sponsored enterprises: Mortgage-backed-securities - residential 26,959 4 (806 ) 26,157 Debt securities 2,464 — (108 ) 2,356 Private label mortgage-backed securities - residential 411 1 (1 ) 411 Corporate securities 3,000 — (423 ) 2,577 Total securities held to maturity $ 34,342 $ 5 $ (1,442 ) $ 32,905 September 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 $ 3,466 $ 123 $ (96 ) $ 3,493 Mortgage-backed securities - commercial 968 — (10 ) 958 Obligations of U.S. government-sponsored enterprises: Mortgage backed securities - residential 39,016 349 (251 ) 39,114 Debt securities 4,461 — (24 ) 4,437 Private label mortgage-backed securities - residential 457 — (2 ) 455 Corporate securities 3,000 — (216 ) 2,784 Total securities held to maturity $ 51,368 $ 472 $ (599 ) $ 51,241 The maturities of the debt securities and the mortgage backed securities held to maturity at June 30, 2018 are summarized in the following table: June 30, 2018 Amortized Fair Cost Value (Dollars in thousands) Due within 1 year $ — $ — Due after 1 but within 5 years 1,499 1,460 Due after 5 but within 10 years 3,000 2,577 Due after 10 years 965 896 Total debt securities 5,464 4,933 Mortgage-backed securities: Residential 27,958 27,062 Commercial 920 910 Total $ 34,342 $ 32,905

IMPAIRMENT OF INVESTMENT SECURI

IMPAIRMENT OF INVESTMENT SECURITIES	9 Months Ended
	Jun. 30, 2018
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, 2018 and September 30, 2017 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, 2018 Less Than 12 Months 12 Months Or Greater Total Number of Fair Unrealized Fair Unrealized Fair Unrealized Securities Value Losses Value Losses Value Losses (Dollars in thousands) Obligations of U.S. government agencies: Mortgage-backed securities - residential 3 $ 561 $ (2 ) $ 494 $ (94 ) $ 1,055 $ (96 ) Mortgage-backed securities - commercial 1 — — 910 (10 ) 910 (10 ) Obligations of U.S. government-sponsored enterprises Mortgage-backed securities - residential 32 16,316 (377 ) 26,266 (1,011 ) 42,582 (1,388 ) Debt securities 4 — — 4,726 (237 ) 4,726 (237 ) Private label mortgage-backed securities residential 2 — — 122 (1 ) 122 (1 ) Corporate securities 1 — — 2,577 (423 ) 2,577 (423 ) Total 43 $ 16,877 $ (379 ) $ 35,095 $ (1,776 ) $ 51,972 $ (2,155 ) September 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 $ — $ — $ 605 $ (96 ) $ 605 $ (96 ) Mortgage-backed securities - commercial 1 958 (10 ) — — 958 (10 ) Obligations of U.S. government-sponsored enterprises Mortgage-backed securities - residential 20 6,582 (92 ) 21,713 (284 ) 28,295 (376 ) Debt securities 5 4,890 (71 ) 1,996 (4 ) 6,886 (75 ) Private label mortgage-backed securities residential 2 — — 193 (2 ) 193 (2 ) Corporate securities 1 — — 2,784 (216 ) 2,784 (216 ) Total 31 $ 12,430 $ (173 ) $ 27,291 $ (602 ) $ 39,721 $ (775 ) 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, 2018 and September 30, 2017, there were forty-three and thirty-one investment securities, respectively, 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, 2018 and September 30, 2017.

LOANS RECEIVABLE, NET AND RELAT

LOANS RECEIVABLE, NET AND RELATED ALLOWANCE FOR LOAN LOSSES	9 Months Ended
	Jun. 30, 2018
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 of allowance for loan losses, were comprised of the following: June 30, September 30, 2018 2017 (Dollars in thousands) One-to four-family residential $ 181,024 $ 178,336 Commercial real estate 216,058 207,118 Construction 29,663 22,622 Home equity lines of credit 19,232 18,536 Commercial business 51,188 41,113 Other 5,493 6,266 Total loans receivable 502,658 473,991 Net deferred loan costs 145 177 Allowance for loan losses (3,985 ) (3,475 ) Total loans receivable, net $ 498,818 $ 470,693 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: 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 other 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 tables present 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 nine months ended June 30, 2018 and September 30, 2017: Impaired Loans with Impaired Loans with No Specific Specific Allowance Allowance Total Impaired Loans Unpaid Recorded Related Recorded Recorded Principal At June 30, 2018 Investment Allowance Investment Investment Balance (Dollars in thousands) One-to four-family residential $ — $ — $ 1,253 $ 1,253 $ 1,253 Commercial real estate — — 3,680 3,680 3,680 Home equity lines of credit — — 58 58 58 Commercial business — — 359 359 449 Total impaired loans $ — $ — $ 5,350 $ 5,350 $ 5,440 Impaired Loans with Impaired Loans with No Specific Specific Allowance Allowance Total Impaired Loans Unpaid Recorded Related Recorded Recorded Principal At September 30, 2017 Investment Allowance Investment Investment Balance (Dollars in thousands) One-to four-family residential $ — $ — $ 3,124 $ 3,124 $ 3,436 Commercial real estate — — 4,088 4,088 4,110 Commercial business — — 243 243 243 Total impaired loans $ — $ — $ 7,455 $ 7,455 $ 7,789 The following tables present the average recorded investment in impaired loans for the three and nine months ended June 30, 2018 and 2017. There was no interest income recognized on impaired loans during the nine months ended June 30, 2018. Three Months Nine Months Ended June 30, 2018 Ended June 30, 2018 (Dollars in thousands) One-to four-family residential $ 1,878 $ 2,360 Commercial real estate 3,661 3,771 Home equity lines of credit 29 15 Commercial business 361 332 Average investment in impaired loans $ 5,929 $ 6,478 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 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, 2018 One-to four-family residential $ 180,486 $ — $ 538 $ — $ 181,024 Commercial real estate 212,692 1,068 2,298 — 216,058 Construction 27,275 — 2,388 — 29,663 Home equity lines of credit 19,174 — 58 — 19,232 Commercial business 50,708 357 123 — 51,188 Other 5,493 — — — 5,493 Total $ 495,828 $ 1,425 $ 5,405 $ — $ 502,658 Special Pass Mention Substandard Doubtful Total (Dollars in thousands) September 30, 2017 One-to four-family residential $ 176,285 $ 127 $ 1,924 $ — $ 178,336 Commercial real estate 204,435 — 2,683 — 207,118 Construction 20,194 — 2,428 — 22,622 Home equity lines of credit 18,536 — — — 18,536 Commercial business 40,820 293 — — 41,113 Other 6,266 — — — 6,266 Total $ 466,536 $ 420 $ 7,035 $ — $ 473,991 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, 2018 One-to four-family residential $ 180,774 $ — $ — $ 250 $ 250 $ 250 $ 181,024 Commercial real estate 214,842 — 759 457 1,216 148 216,058 Construction 29,663 — — — — — 29,663 Home equity lines of credit 19,181 — — 51 51 51 19,232 Commercial business 50,561 147 357 123 627 123 51,188 Other 5,483 — 10 — 10 — 5,493 Total $ 500,504 $ 147 $ 1,126 $ 881 $ 2,154 $ 572 $ 502,658 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, 2017 One-to four-family residential $ 176,546 $ — $ 127 $ 1,663 $ 1,790 $ 1,663 $ 178,336 Commercial real estate 206,218 418 — 482 900 482 207,118 Construction 22,622 — — — — — 22,622 Home equity lines of credit 18,344 — 192 — 192 — 18,536 Commercial business 40,420 400 80 213 693 213 41,113 Other 6,266 — — — — — 6,266 Total $ 470,416 $ 818 $ 399 $ 2,358 $ 3,575 $ 2,358 $ 473,991 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, 2018: 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, 2017 $ 587 $ 1,277 $ 490 $ 57 $ 956 $ 6 $ 102 $ 3,475 Charge-offs (127 ) — — — (170 ) — — (297 ) Recoveries 82 23 3 — 1 — — 109 Provision 21 (1 ) (109 ) 74 265 (2 ) 2 250 Balance- December 31, 2017 $ 563 $ 1,299 $ 384 $ 131 $ 1,052 $ 4 $ 104 $ 3,537 Charge-offs (25 ) — — — — — — (25 ) Recoveries — — — — — — — — Provision (5 ) 119 58 (19 ) 106 — (2 ) 256 Balance- March 31, 2018 $ 533 $ 1,418 $ 442 $ 112 $ 1,158 $ 4 $ 102 $ 3,769 Charge-offs (61 ) — — — — (3 ) — (64 ) Recoveries 4 — — — — — — 4 Provision 58 70 70 4 19 3 52 276 Balance- June 30, 2018 $ 534 $ 1,488 $ 512 $ 116 $ 1,177 $ 4 $ 154 $ 3,985 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, 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, 2018 and September 30, 2017: 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, 2018 $ 534 $ 1,488 $ 512 $ 116 $ 1,177 $ 4 $ 154 $ 3,985 Individually evaluated for impairment — — — — — — — — Collectively evaluated for impairment 534 1,488 512 116 1,177 4 154 3,985 Loans receivable: Balance - June 30, 2018 $ 181,024 $ 216,058 $ 29,663 $ 19,232 $ 51,188 $ 5,493 $ — $ 502,658 Individually evaluated for impairment 1,253 3,680 — 58 359 — — 5,350 Collectively evaluated for impairment 179,771 212,378 29,663 19,174 50,829 5,493 — 497,308 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, 2017 $ 587 $ 1,277 $ 490 $ 57 $ 956 $ 6 $ 102 $ 3,475 Individually evaluated for impairment — — — — — — — — Collectively evaluated for impairment 587 1,277 490 57 956 6 102 3,475 Loans receivable: Balance - September 30, 2017 $ 178,336 $ 207,118 $ 22,622 $ 18,536 $ 41,113 $ 6,266 $ — $ 473,991 Individually evaluated for impairment 3,124 4,088 — — 243 — — 7,455 Collectively evaluated for impairment 175,212 203,030 22,622 18,536 40,870 6,266 — 466,536 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. A Troubled Debt Restructuring (‘TDR’) is a loan that has been modified whereby the Bank has agreed to make certain concessions to a borrower to meet the needs of both the borrower and the Bank to maximize the ultimate recovery of a loan. TDR occurs when a borrower is experiencing, or is expected to experience, financial difficulties and the loan is modified using a modification that would otherwise not be granted to the borrower. The types of concessions granted generally include, but are not limited to, interest rate reductions, limitations on the accrued interest charged, term extensions, and deferment of principal. A default on a troubled debt restructured loan for purposes of this disclosure occurs when a borrower is 90 days past due or a foreclosure or repossession of the applicable collateral has occurred. There were no TDRs for the three and nine months ended and there was one TDR for the nine months ended 2017. 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 There were $3.2 million foreclosed residential real estate loans for the nine month ended June 30, 2018. There were $301,000 of consumer mortgage loans collateralized by residential real estate property that were in the process of foreclosure at the nine months ended June 30, 2018.

DEPOSITS

DEPOSITS	9 Months Ended
	Jun. 30, 2018
Deposits [Abstract]
DEPOSITS	NOTE K - DEPOSITS A summary of deposits by type of account are summarized as follows: 2018 2017 June 30 September 30 (Dollars in thousands) Demand accounts $ 105,688 $ 98,728 Savings accounts 88,259 107,362 NOW accounts 47,925 43,556 Money market accounts 142,906 137,527 Certificates of deposit 105,024 108,740 Retirement certificates 18,182 19,288 $ 507,984 $ 515,201

INCOME TAXES

INCOME TAXES	9 Months Ended
	Jun. 30, 2018
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE L – INCOME TAXES On December 22, 2017, the Company revised its estimated annual effective rate to reflect a change in the United States federal corporate tax rate from 34% to 21%. The rate change is administratively effective at the beginning of our fiscal year resulting in the use of a blended rate for the annual period. As a result, the blended statutory federal tax rate for the Company’s year ended September 30, 2018 is 24%. In addition, we recognized a tax expense in our tax provision for the period ended June 30, 2018 related to the adjustment of our net deferred tax asset to reflect the new corporate tax rate. As a result, income tax expense reported for the nine months ended June 30, 2018 was adjusted to reflect the effects of the change in the tax law and resulted in an increase in income tax expense of $99,000. This amount comprises an increase of $306,000 from the application of the newly enacted rates to deferred tax asset balances at the time of enactment and a decrease of $207,000 in income tax expense for the nine months ended June 30, 2018 related to the lower federal income tax rate. 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. The Company did not have a valuation allowance against its net deferred tax assets at June 30, 2018 or September 30, 2017. 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, 2018 2017 2018 2017 (Dollars in thousands) Income tax expense at the statutory federal tax rate of 24% for the three and nine months ended June 30, 2018 and 34% for the three and nine months ended June 30, 2017 $ 213 $ 169 $ 565 $ 546 State tax expense 61 30 161 94 Reduction of deferred tax asset from tax legislation — — 306 — Other 15 11 3 30 Income tax expense $ 289 $ 210 $ 1,035 $ 670

FINANCIAL INSTRUMENTS WITH OFF-

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK	9 Months Ended
	Jun. 30, 2018
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, 2018 and September 30, 2017, 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. 2018 2017 June 30 September 30 (Dollars in thousands) Financial instruments whose contract amounts represent credit risk Letters of credit $ 1,929 $ 633 Unused lines of credit 50,702 64,220 Fixed rate loan commitments 3,779 2,429 Variable rate loan commitments 21,929 3,952 $ 78,339 $ 71,234

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
	Jun. 30, 2018
Earnings Per Share [Abstract]
Schedule of earnings per share	For the Three Months For the Nine Months Ended June 30, Ended June 30, 2018 2017 2018 2017 (In thousands except for per share data) Income applicable to common shares $ 599 $ 288 $ 1,324 $ 935 Weighted average number of common shares outstanding - basic 5,821 5,821 5,821 5,821 Stock options and restricted stock — — — — Weighted average number of common shares and common share equivalents - diluted 5,821 5,821 5,821 5,821 Basic earnings per share $ 0.10 $ 0.05 $ 0.23 $ 0.16 Diluted earnings per share $ 0.10 $ 0.05 $ 0.23 $ 0.16

STOCK-BASED COMPENSATION AND 22

STOCK-BASED COMPENSATION AND STOCK REPURCHASE PROGRAM (Tables)	9 Months Ended
	Jun. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of entity's stock option activity and related information	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. 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 — $ — — $ —

OTHER COMPREHENSIVE INCOME (L23

OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	9 Months Ended
	Jun. 30, 2018
Other comprehensive income (loss)
Schedule of components of other comprehensive income (loss) and the related income tax effects	The components of other comprehensive income (loss) and the related income tax effects are as follows: Three Months Ended June 30, 2018 2017 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 (loss) arising during period on: Available-for-sale investments $ (223 ) $ 115 $ (108 ) $ 44 $ (16 ) $ 28 Other comprehensive (loss) income, net $ (223 ) $ 115 $ (108 ) $ 44 $ (16 ) $ 28 Nine Months Ended June 30, 2018 2017 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 (loss) arising during period on: Available-for-sale investments $ (469 ) $ 129 $ (340 ) $ (237 ) $ 86 $ (151 ) Less reclassification adjustments for: Net unrealized gains on securities reclassified available for sale 104 (32 ) 72 — — — Net gains realized on securities available for sale (a) (b) (107 ) 33 (74 ) — — — Other comprehensive (loss) income, net $ (472 ) $ 130 $ (342 ) $ (237 ) $ 86 $ (151 ) (a) Realized gains on securities transactions included in gains on sales of investment securities in the accompanying (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, 2018
Fair Value Disclosures [Abstract]
Schedule of assets measured at fair value on a recurring basis	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, 2018 Total Level 1 Level 2 Level 3 (Dollars in thousands) Securities available for sale: Obligations of U.S. government agencies: Mortgage-backed securities - residential $ 1,543 $ — $ 1,543 $ — Obligations of U.S. government-sponsored enterprises: Mortgage-backed securities-residential 19,194 — 19,194 — Debt securities 2,371 — 2,371 — Private label mortgage-backed securities-residential 3 — 3 — Total securities available for sale $ 23,111 $ — $ 23,111 $ — Fair Value at September 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 $ 9,326 $ — $ 9,326 $ — Debt securities 2,449 — 2,449 — Private label mortgage-backed securities-residential 40 — 40 — Total securities available for sale $ 11,815 $ — $ 11,815 $ —
Schedule of assets measured at fair value on a non-recurring basis	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, 2018 and September 30, 2017. Fair Value at June 30, 2018 Total Level 1 Level 2 Level 3 (Dollars in thousands) Impaired loans $ — $ — $ — $ — Other real estate owned 10,040 — — 10,040 $ 10,040 $ — $ — $ 10,040 Fair Value at September 30, 2017 Total Level 1 Level 2 Level 3 (Dollars in thousands) Impaired loans $ 909 $ — $ — $ 909 Other real estate owned 11,056 — — 11,056 $ 11,965 $ — $ — $ 11,965
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, 2018 Estimate Techniques Unobservable Input Range (Weighted Average) Impaired loans $ — Appraisal of collateral (1) Appraisal adjustments (2) Other real estate owned $ 10,040 Appraisal of collateral (1) Liquidation expenses (2) -3.1% to -42.2% (-14.4%) Fair Value Valuation September 30, 2017 Estimate Techniques Unobservable Input Range (Weighted Average) Impaired loans $ 909 Appraisal of collateral (1) Appraisal adjustments (2) -7.9% to -35.2% (-22.3%) Other real estate owned $ 11,056 Appraisal of collateral (1) Liquidation expenses (2) -8.0% to -55.4% (-25.0%) (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 downward 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, 2018 Financial instruments - assets Investment securities held to maturity $ 34,342 $ 32,905 $ — $ 32,905 $ — Loans 498,818 495,929 — — 495,929 Financial instruments - liabilities Certificates of deposit including retirement certificates 123,206 123,628 — 123,628 — Borrowings 48,764 48,230 — 48,230 — September 30, 2017 Financial instruments - assets Investment securities held to maturity $ 51,368 $ 51,241 $ — $ 51,241 $ — Loans 470,693 473,538 — — 473,538 Financial instruments - liabilities Certificates of deposit including retirement certificates 128,028 128,750 — 128,750 — Borrowings 31,905 31,865 — 31,865 —

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	9 Months Ended
	Jun. 30, 2018
Investments, Debt and Equity Securities [Abstract]
Summary of the amortized cost and fair values of securities available for sale	The following tables summarize the amortized cost and fair values of securities available for sale at June 30, 2018 and September 30, 2017: June 30, 2018 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Dollars in thousands) Securities available for sale: Obligations of U.S. government agencies: Mortgage-backed securities - residential $ 1,491 $ 54 $ (2 ) $ 1,543 Obligations of U.S. government-sponsored enterprises: Mortgage-backed securities-residential 19,756 20 (582 ) 19,194 Debt securities 2,500 — (129 ) 2,371 Private label mortgage-backed securities-residential 3 — — 3 Total securities available for sale $ 23,750 $ 74 $ (713 ) $ 23,111 September 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 $ 9,442 $ 9 $ (125 ) $ 9,326 Debt securities 2,500 — (51 ) 2,449 Private label mortgage-backed securities-residential 40 — — 40 Total securities available for sale $ 11,982 $ 9 $ (176 ) $ 11,815
Summary of maturities of the debt securities and mortgage-backed securities available for sale	The maturities of the debt securities and mortgage-backed securities available for sale at June 30, 2018 are summarized in the following table: June 30, 2018 Amortized Fair Cost Value (Dollars in thousands) Due within 1 year $ — $ — Due after 1 but within 5 years 1,500 1,411 Due after 5 but within 10 years 1,000 960 Due after 10 years — — Total debt securities 2,500 2,371 Mortgage-backed securities: Residential 21,250 20,740 Commercial — — Total $ 23,750 $ 23,111
Summary of the amortized cost and fair values of securities held to maturity	The following tables summarize the amortized cost and fair values of securities held to maturity at June 30, 2018 and September 30, 2017: June 30, 2018 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 $ 588 $ — $ (94 ) $ 494 Mortgage-backed securities - commercial 920 — (10 ) 910 Obligations of U.S. government-sponsored enterprises: Mortgage-backed-securities - residential 26,959 4 (806 ) 26,157 Debt securities 2,464 — (108 ) 2,356 Private label mortgage-backed securities - residential 411 1 (1 ) 411 Corporate securities 3,000 — (423 ) 2,577 Total securities held to maturity $ 34,342 $ 5 $ (1,442 ) $ 32,905 September 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 $ 3,466 $ 123 $ (96 ) $ 3,493 Mortgage-backed securities - commercial 968 — (10 ) 958 Obligations of U.S. government-sponsored enterprises: Mortgage backed securities - residential 39,016 349 (251 ) 39,114 Debt securities 4,461 — (24 ) 4,437 Private label mortgage-backed securities - residential 457 — (2 ) 455 Corporate securities 3,000 — (216 ) 2,784 Total securities held to maturity $ 51,368 $ 472 $ (599 ) $ 51,241
Summary of maturities of the debt securities and mortgage-backed securities securities held to maturity	The maturities of the debt securities and the mortgage backed securities held to maturity at June 30, 2018 are summarized in the following table: June 30, 2018 Amortized Fair Cost Value (Dollars in thousands) Due within 1 year $ — $ — Due after 1 but within 5 years 1,499 1,460 Due after 5 but within 10 years 3,000 2,577 Due after 10 years 965 896 Total debt securities 5,464 4,933 Mortgage-backed securities: Residential 27,958 27,062 Commercial 920 910 Total $ 34,342 $ 32,905

IMPAIRMENT OF INVESTMENT SECU26

IMPAIRMENT OF INVESTMENT SECURITIES (Tables)	9 Months Ended
	Jun. 30, 2018
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	The following tables present the gross unrealized losses and fair value at June 30, 2018 and September 30, 2017 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, 2018 Less Than 12 Months 12 Months Or Greater Total Number of Fair Unrealized Fair Unrealized Fair Unrealized Securities Value Losses Value Losses Value Losses (Dollars in thousands) Obligations of U.S. government agencies: Mortgage-backed securities - residential 3 $ 561 $ (2 ) $ 494 $ (94 ) $ 1,055 $ (96 ) Mortgage-backed securities - commercial 1 — — 910 (10 ) 910 (10 ) Obligations of U.S. government-sponsored enterprises Mortgage-backed securities - residential 32 16,316 (377 ) 26,266 (1,011 ) 42,582 (1,388 ) Debt securities 4 — — 4,726 (237 ) 4,726 (237 ) Private label mortgage-backed securities residential 2 — — 122 (1 ) 122 (1 ) Corporate securities 1 — — 2,577 (423 ) 2,577 (423 ) Total 43 $ 16,877 $ (379 ) $ 35,095 $ (1,776 ) $ 51,972 $ (2,155 ) September 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 $ — $ — $ 605 $ (96 ) $ 605 $ (96 ) Mortgage-backed securities - commercial 1 958 (10 ) — — 958 (10 ) Obligations of U.S. government-sponsored enterprises Mortgage-backed securities - residential 20 6,582 (92 ) 21,713 (284 ) 28,295 (376 ) Debt securities 5 4,890 (71 ) 1,996 (4 ) 6,886 (75 ) Private label mortgage-backed securities residential 2 — — 193 (2 ) 193 (2 ) Corporate securities 1 — — 2,784 (216 ) 2,784 (216 ) Total 31 $ 12,430 $ (173 ) $ 27,291 $ (602 ) $ 39,721 $ (775 )

LOANS RECEIVABLE, NET AND REL27

LOANS RECEIVABLE, NET AND RELATED ALLOWANCE FOR LOAN LOSSES (Tables)	9 Months Ended
	Jun. 30, 2018
Loans Receivable, Net [Abstract]
Schedule of loans receivable, net	Loans receivable, net of allowance for loan losses, were comprised of the following: June 30, September 30, 2018 2017 (Dollars in thousands) One-to four-family residential $ 181,024 $ 178,336 Commercial real estate 216,058 207,118 Construction 29,663 22,622 Home equity lines of credit 19,232 18,536 Commercial business 51,188 41,113 Other 5,493 6,266 Total loans receivable 502,658 473,991 Net deferred loan costs 145 177 Allowance for loan losses (3,985 ) (3,475 ) Total loans receivable, net $ 498,818 $ 470,693
Schedule of impaired loans	The following tables present 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 nine months ended June 30, 2018 and September 30, 2017: Impaired Loans with Impaired Loans with No Specific Specific Allowance Allowance Total Impaired Loans Unpaid Recorded Related Recorded Recorded Principal At June 30, 2018 Investment Allowance Investment Investment Balance (Dollars in thousands) One-to four-family residential $ — $ — $ 1,253 $ 1,253 $ 1,253 Commercial real estate — — 3,680 3,680 3,680 Home equity lines of credit — — 58 58 58 Commercial business — — 359 359 449 Total impaired loans $ — $ — $ 5,350 $ 5,350 $ 5,440 Impaired Loans with Impaired Loans with No Specific Specific Allowance Allowance Total Impaired Loans Unpaid Recorded Related Recorded Recorded Principal At September 30, 2017 Investment Allowance Investment Investment Balance (Dollars in thousands) One-to four-family residential $ — $ — $ 3,124 $ 3,124 $ 3,436 Commercial real estate — — 4,088 4,088 4,110 Commercial business — — 243 243 243 Total impaired loans $ — $ — $ 7,455 $ 7,455 $ 7,789
Schedule of average recorded investment in impaired loans	The following tables present the average recorded investment in impaired loans for the three and nine months ended June 30, 2018 and 2017. There was no interest income recognized on impaired loans during the nine months ended June 30, 2018. Three Months Nine Months Ended June 30, 2018 Ended June 30, 2018 (Dollars in thousands) One-to four-family residential $ 1,878 $ 2,360 Commercial real estate 3,661 3,771 Home equity lines of credit 29 15 Commercial business 361 332 Average investment in impaired loans $ 5,929 $ 6,478 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
Schedule of loan portfolio summarized by Bank's internal risk rating system	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, 2018 One-to four-family residential $ 180,486 $ — $ 538 $ — $ 181,024 Commercial real estate 212,692 1,068 2,298 — 216,058 Construction 27,275 — 2,388 — 29,663 Home equity lines of credit 19,174 — 58 — 19,232 Commercial business 50,708 357 123 — 51,188 Other 5,493 — — — 5,493 Total $ 495,828 $ 1,425 $ 5,405 $ — $ 502,658 Special Pass Mention Substandard Doubtful Total (Dollars in thousands) September 30, 2017 One-to four-family residential $ 176,285 $ 127 $ 1,924 $ — $ 178,336 Commercial real estate 204,435 — 2,683 — 207,118 Construction 20,194 — 2,428 — 22,622 Home equity lines of credit 18,536 — — — 18,536 Commercial business 40,820 293 — — 41,113 Other 6,266 — — — 6,266 Total $ 466,536 $ 420 $ 7,035 $ — $ 473,991
Schedule of aging analysis of past due loans, segregated by class of loans	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, 2018 One-to four-family residential $ 180,774 $ — $ — $ 250 $ 250 $ 250 $ 181,024 Commercial real estate 214,842 — 759 457 1,216 148 216,058 Construction 29,663 — — — — — 29,663 Home equity lines of credit 19,181 — — 51 51 51 19,232 Commercial business 50,561 147 357 123 627 123 51,188 Other 5,483 — 10 — 10 — 5,493 Total $ 500,504 $ 147 $ 1,126 $ 881 $ 2,154 $ 572 $ 502,658 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, 2017 One-to four-family residential $ 176,546 $ — $ 127 $ 1,663 $ 1,790 $ 1,663 $ 178,336 Commercial real estate 206,218 418 — 482 900 482 207,118 Construction 22,622 — — — — — 22,622 Home equity lines of credit 18,344 — 192 — 192 — 18,536 Commercial business 40,420 400 80 213 693 213 41,113 Other 6,266 — — — — — 6,266 Total $ 470,416 $ 818 $ 399 $ 2,358 $ 3,575 $ 2,358 $ 473,991
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, 2018: 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, 2017 $ 587 $ 1,277 $ 490 $ 57 $ 956 $ 6 $ 102 $ 3,475 Charge-offs (127 ) — — — (170 ) — — (297 ) Recoveries 82 23 3 — 1 — — 109 Provision 21 (1 ) (109 ) 74 265 (2 ) 2 250 Balance- December 31, 2017 $ 563 $ 1,299 $ 384 $ 131 $ 1,052 $ 4 $ 104 $ 3,537 Charge-offs (25 ) — — — — — — (25 ) Recoveries — — — — — — — — Provision (5 ) 119 58 (19 ) 106 — (2 ) 256 Balance- March 31, 2018 $ 533 $ 1,418 $ 442 $ 112 $ 1,158 $ 4 $ 102 $ 3,769 Charge-offs (61 ) — — — — (3 ) — (64 ) Recoveries 4 — — — — — — 4 Provision 58 70 70 4 19 3 52 276 Balance- June 30, 2018 $ 534 $ 1,488 $ 512 $ 116 $ 1,177 $ 4 $ 154 $ 3,985 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, 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, 2018 and September 30, 2017: 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, 2018 $ 534 $ 1,488 $ 512 $ 116 $ 1,177 $ 4 $ 154 $ 3,985 Individually evaluated for impairment — — — — — — — — Collectively evaluated for impairment 534 1,488 512 116 1,177 4 154 3,985 Loans receivable: Balance - June 30, 2018 $ 181,024 $ 216,058 $ 29,663 $ 19,232 $ 51,188 $ 5,493 $ — $ 502,658 Individually evaluated for impairment 1,253 3,680 — 58 359 — — 5,350 Collectively evaluated for impairment 179,771 212,378 29,663 19,174 50,829 5,493 — 497,308 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, 2017 $ 587 $ 1,277 $ 490 $ 57 $ 956 $ 6 $ 102 $ 3,475 Individually evaluated for impairment — — — — — — — — Collectively evaluated for impairment 587 1,277 490 57 956 6 102 3,475 Loans receivable: Balance - September 30, 2017 $ 178,336 $ 207,118 $ 22,622 $ 18,536 $ 41,113 $ 6,266 $ — $ 473,991 Individually evaluated for impairment 3,124 4,088 — — 243 — — 7,455 Collectively evaluated for impairment 175,212 203,030 22,622 18,536 40,870 6,266 — 466,536
Schedule of troubled debt restructurings	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, 2018
Deposits [Abstract]
Schedule of deposits by type of account	A summary of deposits by type of account are summarized as follows: 2018 2017 June 30 September 30 (Dollars in thousands) Demand accounts $ 105,688 $ 98,728 Savings accounts 88,259 107,362 NOW accounts 47,925 43,556 Money market accounts 142,906 137,527 Certificates of deposit 105,024 108,740 Retirement certificates 18,182 19,288 $ 507,984 $ 515,201

INCOME TAXES (Tables)

INCOME TAXES (Tables)	9 Months Ended
	Jun. 30, 2018
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	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, 2018 2017 2018 2017 (Dollars in thousands) Income tax expense at the statutory federal tax rate of 24% for the three and nine months ended June 30, 2018 and 34% for the three and nine months ended June 30, 2017 $ 213 $ 169 $ 565 $ 546 State tax expense 61 30 161 94 Reduction of deferred tax asset from tax legislation — — 306 — Other 15 11 3 30 Income tax expense $ 289 $ 210 $ 1,035 $ 670

FINANCIAL INSTRUMENTS WITH OF30

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK (Tables)	9 Months Ended
	Jun. 30, 2018
FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK [Abstract]
Schedule of fair value, off-balance sheet financial instruments	2018 2017 June 30 September 30 (Dollars in thousands) Financial instruments whose contract amounts represent credit risk Letters of credit $ 1,929 $ 633 Unused lines of credit 50,702 64,220 Fixed rate loan commitments 3,779 2,429 Variable rate loan commitments 21,929 3,952 $ 78,339 $ 71,234

RECENT ACCOUNTING PRONOUNCEME31

RECENT ACCOUNTING PRONOUNCEMENTS (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Dec. 31, 2017	Jun. 30, 2018	Jun. 30, 2017
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Reclassified mortgage-backed seurities	$ 12,619	$ 12,619
Reclassified adjustment from AOCI to retained earnings		$ 188

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, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Earnings Per Share [Abstract]
Income applicable to common shares	$ 599	$ 288	$ 1,324	$ 935
Weighted average number of common shares outstanding - basic	5,821	5,821	5,821	5,821
Stock options and restricted stock
Weighted average number of common shares and common share equivalents - diluted	5,821	5,821	5,821	5,821
Basic earnings per share	$ 0.10	$ 0.05	$ 0.23	$ 0.16
Diluted earnings per share	$ 0.10	$ 0.05	$ 0.23	$ 0.16

STOCK-BASED COMPENSATION AND 33

STOCK-BASED COMPENSATION AND STOCK REPURCHASE PROGRAM (Narrative) (Details) - USD ($)	9 Months Ended		128 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Sep. 30, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
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 (4.50% at January 1, 2018) 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	4.50%		4.50%
Shares allocated	165,771		165,771
Suspense shares	52,092		52,092
Fair value of unallocated shares	$ 670,945		$ 670,945
ESOP compensation expense	$ 118,000	$ 116,000
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

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)	9 Months Ended
	Jun. 30, 2017USD ($)$ / sharesshares
Number of Stock Options
Balance at the beginning of period | shares	188,276
Options granted | shares
Options exercised | shares
Options expired | shares	(188,276)
Options forfeited | shares
Balance at the end of period | shares
Exercisable at the end of period | shares
Weighted Average Exercise Price
Weighted average price at the beginning of period | $ / shares	$ 14.61
Options granted | $ / shares
Options exercised | $ / shares
Options expired | $ / shares	14.61
Options forfeited | $ / shares
Weighted average price at the end of period | $ / shares
Exercisable at the end of period | $ / shares
Weighted Average Remaining Contractual Life, Outstanding	4 months 24 days
Aggregate Intrinsic Value, Oustanding | $
Aggregate Intrinsic Value, Exercisable | $

OTHER COMPREHENSIVE INCOME (L35

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, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Other comprehensive income (loss)
Available-for-sale investments before tax		$ (223)	$ 44	$ (469)	$ (237)
Tax benefit (expense)		115	(16)	129	86
Available-for-sale investments after tax		(108)	28	(340)	(151)
Reclassification adjustment for net unrealized gains on securities reclassified available for sale				104
Tax benefit (expense)				(32)
Reclassification adjustment for net unrealized gains on securities reclassified available for sale net of tax				72
Reclassification adjustment for net gains (losses) realized on available-for-sale investments before tax	[1],[2]			(107)
Tax benefit (expense)	[1],[2]			33
Reclassification adjustment for net gains (losses) realized on available-for-sale investments after tax	[1],[2]			(74)
Other comprehensive income, net before tax		(223)	44	(472)	(237)
Tax benefit (expense), Total		115	(16)	130	86
Other comprehensive (loss), net		$ (108)	$ 28	$ (342)	$ (151)
[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 (Narrati

FAIR VALUE DISCLOSURES (Narrative) (Details) - USD ($)	Jun. 30, 2018	Sep. 30, 2017
Fair Value Disclosures [Abstract]
Mortgage Servicing Rights	$ 49,000	$ 69,000

FAIR VALUE DISCLOSURES (Schedul

FAIR VALUE DISCLOSURES (Schedule of Assets Measured at Fair Value on a Recurring Basis) (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Sep. 30, 2017
Fair value measured on recurring basis:
Securities available for sale	$ 23,111	$ 11,815
Obligations of U.S. government enterprises Mortgage-backed securities-residential [Member]
Fair value measured on recurring basis:
Securities available for sale	1,543
Obligations of U.S. government-sponsored enterprises Mortgage-backed securities-residential [Member]
Fair value measured on recurring basis:
Securities available for sale	19,194	9,326
Obligations of U.S. government-sponsored enterprises Debt securities [Member]
Fair value measured on recurring basis:
Securities available for sale	2,371	2,449
Private label mortgage-backed securities-residential [Member]
Fair value measured on recurring basis:
Securities available for sale	3	40
Fair Value, Measurements, Recurring [Member]
Fair value measured on recurring basis:
Securities available for sale	23,111	11,815
Fair Value, Measurements, Recurring [Member] | Obligations of U.S. government enterprises Mortgage-backed securities-residential [Member]
Fair value measured on recurring basis:
Securities available for sale	1,543
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	19,194	9,326
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	2,371	2,449
Fair Value, Measurements, Recurring [Member] | Private label mortgage-backed securities-residential [Member]
Fair value measured on recurring basis:
Securities available for sale	3	40
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair value measured on recurring basis:
Securities available for sale
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Obligations of U.S. government enterprises Mortgage-backed securities-residential [Member]
Fair value measured on recurring basis:
Securities available for sale
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Obligations of U.S. government-sponsored enterprises Mortgage-backed securities-residential [Member]
Fair value measured on recurring basis:
Securities available for sale
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Obligations of U.S. government-sponsored enterprises Debt securities [Member]
Fair value measured on recurring basis:
Securities available for sale
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Private label mortgage-backed securities-residential [Member]
Fair value measured on recurring basis:
Securities available for sale
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair value measured on recurring basis:
Securities available for sale	23,111	11,815
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Obligations of U.S. government enterprises Mortgage-backed securities-residential [Member]
Fair value measured on recurring basis:
Securities available for sale	1,543
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Obligations of U.S. government-sponsored enterprises Mortgage-backed securities-residential [Member]
Fair value measured on recurring basis:
Securities available for sale	19,194	9,326
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Obligations of U.S. government-sponsored enterprises Debt securities [Member]
Fair value measured on recurring basis:
Securities available for sale	2,371	2,449
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Private label mortgage-backed securities-residential [Member]
Fair value measured on recurring basis:
Securities available for sale	3	40
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair value measured on recurring basis:
Securities available for sale
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Obligations of U.S. government enterprises Mortgage-backed securities-residential [Member]
Fair value measured on recurring basis:
Securities available for sale
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Obligations of U.S. government-sponsored enterprises Mortgage-backed securities-residential [Member]
Fair value measured on recurring basis:
Securities available for sale
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Obligations of U.S. government-sponsored enterprises Debt securities [Member]
Fair value measured on recurring basis:
Securities available for sale
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Private label mortgage-backed securities-residential [Member]
Fair value measured on recurring basis:
Securities available for sale

FAIR VALUE DISCLOSURES (Sched38

FAIR VALUE DISCLOSURES (Schedule of Assets Measured at Fair Value on a Non-Recurring Basis) (Details) - Fair Value Measured on a Nonrecurring Basis [Member] - USD ($) $ in Thousands	Jun. 30, 2018	Sep. 30, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans		$ 909
Other real estate owned	10,040	11,056
Assets measured at fair value on a non-recurring basis	10,040	11,965
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		909
Other real estate owned	10,040	11,056
Assets measured at fair value on a non-recurring basis	$ 10,040	$ 11,965

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, 2018	Sep. 30, 2017
Fair Value Measured on a Nonrecurring Basis [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value estimate		$ 10,040	$ 11,965
Impaired Loans [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Valuation techniques and Unobservable Input	[1],[2]	Appraisal of collateral; Appraisal adjustments	Appraisal of collateral; Appraisal adjustments
Impaired Loans [Member] | Fair Value Measured on a Nonrecurring Basis [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value estimate			$ 909
Impaired Loans [Member] | Fair Value Measured on a Nonrecurring Basis [Member] | Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value input- appraisal of collateral			(7.90%)
Impaired Loans [Member] | Fair Value Measured on a Nonrecurring Basis [Member] | Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value input- appraisal of collateral			(35.20%)
Impaired Loans [Member] | Fair Value Measured on a Nonrecurring Basis [Member] | Weighted Average [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value input- appraisal of collateral			(22.30%)
Other Real Estate Owned [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Valuation techniques and Unobservable Input	[1],[2]	Appraisal of collateral; Liquidation expenses	Appraisal of collateral; Liquidation expenses
Other Real Estate Owned [Member] | Fair Value Measured on a Nonrecurring Basis [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value estimate		$ 10,040	$ 11,056
Other Real Estate Owned [Member] | Fair Value Measured on a Nonrecurring Basis [Member] | Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value input- appraisal of collateral		(3.10%)	(8.00%)
Other Real Estate Owned [Member] | Fair Value Measured on a Nonrecurring Basis [Member] | Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value input- appraisal of collateral		(42.20%)	(55.40%)
Other Real Estate Owned [Member] | Fair Value Measured on a Nonrecurring Basis [Member] | Weighted Average [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value input- appraisal of collateral		(14.40%)	(25.00%)
[1]	Appraisals may be adjusted downward 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, 2018	Sep. 30, 2017
Financial instruments - assets
Investment securities held to maturity	$ 34,342	$ 51,368
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	32,905	51,241
Loans
Financial instruments - liabilities
Certificates of deposit including retirement certificates	123,628	128,750
Borrowings	48,230	31,865
Fair Value, Inputs, Level 3 [Member]
Financial instruments - assets
Investment securities held to maturity
Loans	495,929	473,538
Financial instruments - liabilities
Certificates of deposit including retirement certificates
Borrowings
Carrying Value [Member]
Financial instruments - assets
Investment securities held to maturity	34,342	51,368
Loans	498,818	470,693
Financial instruments - liabilities
Certificates of deposit including retirement certificates	123,206	128,028
Borrowings	48,764	31,905
Fair Value [Member]
Financial instruments - assets
Investment securities held to maturity	32,905	51,241
Loans	495,929	473,538
Financial instruments - liabilities
Certificates of deposit including retirement certificates	123,628	128,750
Borrowings	$ 48,230	$ 31,865

INVESTMENT SECURITIES (Summary

INVESTMENT SECURITIES (Summary of Amortized Cost and Fair Values of Securities Available For Sale) (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Sep. 30, 2017
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 23,750	$ 11,982
Gross Unrealized Gains	74	9
Gross Unrealized Losses	(713)	(176)
Fair Value	23,111	11,815
Obligations of U.S. government enterprises Mortgage-backed securities-residential [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	1,491
Gross Unrealized Gains	54
Gross Unrealized Losses	(2)
Fair Value	1,543
Obligations of U.S. government-sponsored enterprises Mortgage-backed securities-residential [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	19,756	9,442
Gross Unrealized Gains	20	9
Gross Unrealized Losses	(582)	(125)
Fair Value	19,194	9,326
Obligations of U.S. government-sponsored enterprises Debt securities [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	2,500	2,500
Gross Unrealized Gains
Gross Unrealized Losses	(129)	(51)
Fair Value	2,371	2,449
Private label mortgage-backed securities-residential [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	3	40
Gross Unrealized Gains
Gross Unrealized Losses
Fair Value	$ 3	$ 40

INVESTMENT SECURITIES (Summar42

INVESTMENT SECURITIES (Summary of Maturities of Debt Securities and Mortgage-backed Securities Available For Sale) (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Sep. 30, 2017
Available for Sale Securities, Amortized Cost
Due within 1 year
Due after 1 but within 5 years	1,500
Due after 5 but within 10 years	1,000
Due after 10 years
Total debt securities	2,500
Mortgage Backed Securities, Residential	21,250
Mortgage Backed Securities, Commercial
Amortized Cost	23,750	$ 11,982
Available for Sale Securities, Fair Value
Due within 1 year
Due after 1 but within 5 years	1,411
Due after 5 but within 10 years	960
Due after 10 years
Total debt securities	2,371
Mortgage Backed Securities, Residential	20,740
Mortgage Backed Securities, Commercial
Fair Value	$ 23,111	$ 11,815

INVESTMENT SECURITIES (Summar43

INVESTMENT SECURITIES (Summary of Maturities of Debt Securities and Mortgage-backed Securities Held to Maturity) (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Sep. 30, 2017
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	$ 34,342	$ 51,368
Gross Unrealized Gains	5	472
Gross Unrealized Losses	(1,442)	(599)
Fair Value	32,905	51,241
Obligations of U.S. government agencies Mortgage backed securities - residential [Member]
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	588	3,466
Gross Unrealized Gains		123
Gross Unrealized Losses	(94)	(96)
Fair Value	494	3,493
Obligations of U.S. government agencies Mortgage backed securities -commercial [Member]
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	920	968
Gross Unrealized Gains
Gross Unrealized Losses	(10)	(10)
Fair Value	910	958
Obligations of U.S. government-sponsored enterprises Mortgage-backed securities-residential [Member]
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	26,959	39,016
Gross Unrealized Gains	4	349
Gross Unrealized Losses	(806)	(251)
Fair Value	26,157	39,114
Obligations of U.S. government-sponsored enterprises Debt securities [Member]
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	2,464	4,461
Gross Unrealized Gains
Gross Unrealized Losses	(108)	(24)
Fair Value	2,356	4,437
Private label mortgage-backed securities-residential [Member]
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	411	457
Gross Unrealized Gains	1
Gross Unrealized Losses	(1)	(2)
Fair Value	411	455
Corporate securities [Member]
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	3,000	3,000
Gross Unrealized Gains
Gross Unrealized Losses	(423)	(216)
Fair Value	$ 2,577	$ 2,784

INVESTMENT SECURITIES (Summar44

INVESTMENT SECURITIES (Summary of Amortized Cost and Fair Values of Securities Held to Maturity) (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Sep. 30, 2017
Held to Maturity Securities, Amortized Cost
Due within 1 year
Due after 1 but within 5 years	1,499
Due after 5 but within 10 years	3,000
Due after 10 years	965
Total debt securities	5,464
Mortgage Backed Securities, Residential	27,958
Mortgage Backed Securities, Commercial	920
Amortized cost	34,342	$ 51,368
Held to Maturity Securities, Fair Value
Due within 1 year
Due after 1 but within 5 years	1,460
Due after 5 but within 10 years	2,577
Due after 10 years	896
Total debt securities	4,933
Mortgage Backed Securities, Residential	27,062
Mortgage Backed Securities, Commercial	910
Fair value	$ 32,905	$ 51,241

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, 2018USD ($)N	Sep. 30, 2017USD ($)N
Investment [Line Items]
Number of Securities | N	43	31
Less Than 12 Months, Fair Value	$ 16,877	$ 12,430
Less Than 12 Months, Unrealized Losses	(379)	(173)
12 Months Or Greater, Fair Value	35,095	27,291
12 Months Or Greater, Unrealized Losses	(1,776)	(602)
Total, Fair Value	51,972	39,721
Total, Unrealized Losses	$ (2,155)	$ (775)
Obligations of U.S. government agencies Mortgage backed securities - residential [Member]
Investment [Line Items]
Number of Securities | N	3	2
Less Than 12 Months, Fair Value	$ 561
Less Than 12 Months, Unrealized Losses	(2)
12 Months Or Greater, Fair Value	494	605
12 Months Or Greater, Unrealized Losses	(94)	(96)
Total, Fair Value	1,055	605
Total, Unrealized Losses	$ (96)	$ (96)
Obligations of U.S. government agencies Mortgage backed securities -commercial [Member]
Investment [Line Items]
Number of Securities | N	1	1
Less Than 12 Months, Fair Value		$ 958
Less Than 12 Months, Unrealized Losses		(10)
12 Months Or Greater, Fair Value	910
12 Months Or Greater, Unrealized Losses	(10)
Total, Fair Value	910	958
Total, Unrealized Losses	$ (10)	$ (10)
Obligations of U.S. government-sponsored enterprises Mortgage-backed securities-residential [Member]
Investment [Line Items]
Number of Securities | N	32	20
Less Than 12 Months, Fair Value	$ 16,316	$ 6,582
Less Than 12 Months, Unrealized Losses	(377)	(92)
12 Months Or Greater, Fair Value	26,266	21,713
12 Months Or Greater, Unrealized Losses	(1,011)	(284)
Total, Fair Value	42,582	28,295
Total, Unrealized Losses	$ (1,388)	$ (376)
Obligations of U.S. government-sponsored enterprises Debt securities [Member]
Investment [Line Items]
Number of Securities | N	4	5
Less Than 12 Months, Fair Value		$ 4,890
Less Than 12 Months, Unrealized Losses		(71)
12 Months Or Greater, Fair Value	4,726	1,996
12 Months Or Greater, Unrealized Losses	(237)	(4)
Total, Fair Value	4,726	6,886
Total, Unrealized Losses	$ (237)	$ (75)
Private label mortgage-backed securities-residential [Member]
Investment [Line Items]
Number of Securities | N	2	2
Less Than 12 Months, Fair Value
Less Than 12 Months, Unrealized Losses
12 Months Or Greater, Fair Value	122	193
12 Months Or Greater, Unrealized Losses	(1)	(2)
Total, Fair Value	122	193
Total, Unrealized Losses	$ (1)	$ (2)
Corporate securities [Member]
Investment [Line Items]
Number of Securities | N	1	1
Less Than 12 Months, Fair Value
Less Than 12 Months, Unrealized Losses
12 Months Or Greater, Fair Value	2,577	2,784
12 Months Or Greater, Unrealized Losses	(423)	(216)
Total, Fair Value	2,577	2,784
Total, Unrealized Losses	$ (423)	$ (216)

LOANS RECEIVABLE, NET AND REL46

LOANS RECEIVABLE, NET AND RELATED ALLOWANCE FOR LOAN LOSSES (Narrative) (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Sep. 30, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	$ 502,658	$ 473,991
Consumer mortgage loans collateralized by residential real estate property in the process of foreclosure [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	301
Foreclosed residential real estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	$ 3,200

LOANS RECEIVABLE, NET AND REL47

LOANS RECEIVABLE, NET AND RELATED ALLOWANCE FOR LOAN LOSSES (Schedule of Loans Receivable, Net) (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Sep. 30, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	$ 502,658	$ 473,991
Net deferred loan costs	145	177
Allowance for loan losses	(3,985)	(3,475)
Total loans receivable, net	498,818	470,693
One-to four-family residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	181,024	178,336
Allowance for loan losses	(534)	(587)
Commercial real estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	216,058	207,118
Allowance for loan losses	(1,488)	(1,277)
Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	29,663	22,622
Allowance for loan losses	(512)	(490)
Home equity lines of credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	19,232	18,536
Allowance for loan losses	(116)	(57)
Commercial business [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	51,188	41,113
Allowance for loan losses	(1,177)	(956)
Other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	5,493	6,266
Allowance for loan losses	$ (4)	$ (6)

LOANS RECEIVABLE, NET AND REL48

LOANS RECEIVABLE, NET AND RELATED ALLOWANCE FOR LOAN LOSSES (Schedule of Impaired Loans by Class) (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Sep. 30, 2017
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	5,350	7,455
Total Impaired Loans Recorded Investment	5,350	7,455
Total Impaired Loans Unpaid Principal Balance	5,440	7,789
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	1,253	3,124
Total Impaired Loans Recorded Investment	1,253	3,124
Total Impaired Loans Unpaid Principal Balance	1,253	3,436
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	3,680	4,088
Total Impaired Loans Recorded Investment	3,680	4,088
Total Impaired Loans Unpaid Principal Balance	3,680	4,110
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	58
Total Impaired Loans Recorded Investment	58
Total Impaired Loans Unpaid Principal Balance	58
Commercial business [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	359	243
Total Impaired Loans Recorded Investment	359	243
Total Impaired Loans Unpaid Principal Balance	$ 449	$ 243

LOANS RECEIVABLE, NET AND REL49

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, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Financing Receivable, Impaired [Line Items]
Average investment in impaired loans	$ 5,929	$ 9,140	$ 6,478	$ 9,005
One-to four-family residential [Member]
Financing Receivable, Impaired [Line Items]
Average investment in impaired loans	1,878	3,051	2,360	3,307
Commercial real estate [Member]
Financing Receivable, Impaired [Line Items]
Average investment in impaired loans	3,661	5,274	3,771	4,783
Home equity lines of credit [Member]
Financing Receivable, Impaired [Line Items]
Average investment in impaired loans	29	243	15	171
Commercial business [Member]
Financing Receivable, Impaired [Line Items]
Average investment in impaired loans	$ 361	560	$ 332	732
Other [Member]
Financing Receivable, Impaired [Line Items]
Average investment in impaired loans		$ 12		$ 12

LOANS RECEIVABLE, NET AND REL50

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, 2018	Sep. 30, 2017
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	$ 502,658	$ 473,991
Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	495,828	466,536
Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	1,425	420
Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	5,405	7,035
Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross
One-to four-family residential [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	181,024	178,336
One-to four-family residential [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	180,486	176,285
One-to four-family residential [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross		127
One-to four-family residential [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	538	1,924
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	216,058	207,118
Commercial real estate [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	212,692	204,435
Commercial real estate [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	1,068
Commercial real estate [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	2,298	2,683
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	29,663	22,622
Construction [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	27,275	20,194
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	2,388	2,428
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	19,232	18,536
Home equity lines of credit [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	19,174	18,536
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	58
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	51,188	41,113
Commercial business [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	50,708	40,820
Commercial business [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	357	293
Commercial business [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	123
Commercial business [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross
Other [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	5,493	6,266
Other [Member] | Pass [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	5,493	6,266
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
Other [Member] | Doubtful [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross

LOANS RECEIVABLE, NET AND REL51

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, 2018	Sep. 30, 2017
Financing Receivable, Recorded Investment, Aging [Abstract]
Current	$ 500,504	$ 470,416
Total Past Due	2,154	3,575
Non - Accrual	572	2,358
Total loans receivable	502,658	473,991
One-to four-family residential [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Current	180,774	176,546
Total Past Due	250	1,790
Non - Accrual	250	1,663
Total loans receivable	181,024	178,336
Commercial real estate [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Current	214,842	206,218
Total Past Due	1,216	900
Non - Accrual	148	482
Total loans receivable	216,058	207,118
Construction [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Current	29,663	22,622
Total Past Due
Non - Accrual
Total loans receivable	29,663	22,622
Home equity lines of credit [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Current	19,181	18,344
Total Past Due	51	192
Non - Accrual	51
Total loans receivable	19,232	18,536
Commercial business [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Current	50,561	40,420
Total Past Due	627	693
Non - Accrual	123	213
Total loans receivable	51,188	41,113
Other [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Current	5,483	6,266
Total Past Due	10
Non - Accrual
Total loans receivable	5,493	6,266
30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Total Past Due	147	818
30-59 Days Past Due [Member] | One-to four-family residential [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Total Past Due
30-59 Days Past Due [Member] | Commercial real estate [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Total Past Due		418
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	147	400
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	1,126	399
60-89 Days Past Due [Member] | One-to four-family residential [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Total Past Due		127
60-89 Days Past Due [Member] | Commercial real estate [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Total Past Due	759
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		192
60-89 Days Past Due [Member] | Commercial business [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Total Past Due	357	80
60-89 Days Past Due [Member] | Other [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Total Past Due	10
90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Total Past Due	881	2,358
90 Days Past Due [Member] | One-to four-family residential [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Total Past Due	250	1,663
90 Days Past Due [Member] | Commercial real estate [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Total Past Due	457	482
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	51
90 Days Past Due [Member] | Commercial business [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Total Past Due	123	213
90 Days Past Due [Member] | Other [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Total Past Due

LOANS RECEIVABLE, NET AND REL52

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, 2018	Mar. 31, 2018	Dec. 31, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Jun. 30, 2018	Jun. 30, 2017
Activity in the allowance for loan losses by loan category:
Balance at beginning of period	$ 3,769	$ 3,537	$ 3,475	$ 3,313	$ 3,170	$ 3,056	$ 3,475	$ 3,056
Charge-offs	(64)	(25)	(297)	(248)	(278)	(255)
Recoveries	4		109	5	18	39
Provision	276	256	250	315	403	330	782	1,048
Balance at the end of period	3,985	3,769	3,537	3,385	3,313	3,170	3,985	3,385
One-to four-family residential [Member]
Activity in the allowance for loan losses by loan category:
Balance at beginning of period	533	563	587	647	524	542	587	542
Charge-offs	(61)	(25)	(127)	(39)	(52)	(18)
Recoveries	4		82			35
Provision	58	(5)	21	(49)	175	(35)
Balance at the end of period	534	533	563	559	647	524	534	559
Commercial real estate [Member]
Activity in the allowance for loan losses by loan category:
Balance at beginning of period	1,418	1,299	1,277	1,108	1,152	1,075	1,277	1,075
Charge-offs
Recoveries			23
Provision	70	119	(1)	65	(44)	77
Balance at the end of period	1,488	1,418	1,299	1,173	1,108	1,152	1,488	1,173
Construction [Member]
Activity in the allowance for loan losses by loan category:
Balance at beginning of period	442	384	490	368	368	361	490	361
Charge-offs
Recoveries			3	3	3	3
Provision	70	58	(109)		(3)	4
Balance at the end of period	512	442	384	371	368	368	512	371
Home equity lines of credit [Member]
Activity in the allowance for loan losses by loan category:
Balance at beginning of period	112	131	57	67	71	71	57	71
Charge-offs
Recoveries					14
Provision	4	(19)	74	(11)	(18)
Balance at the end of period	116	112	131	56	67	71	116	56
Commercial business [Member]
Activity in the allowance for loan losses by loan category:
Balance at beginning of period	1,158	1,052	956	1,012	914	976	956	976
Charge-offs			(170)	(209)	(226)	(237)
Recoveries			1	2	1	1
Provision	19	106	265	219	323	174
Balance at the end of period	1,177	1,158	1,052	1,024	1,012	914	1,177	1,024
Other [Member]
Activity in the allowance for loan losses by loan category:
Balance at beginning of period	4	4	6	13	7	9	6	9
Charge-offs	(3)
Recoveries
Provision	3		(2)	(7)	6	(2)
Balance at the end of period	4	4	4	6	13	7	4	6
Unallocated [Member]
Activity in the allowance for loan losses by loan category:
Balance at beginning of period	102	104	102	98	134	22	102	22
Charge-offs
Recoveries
Provision	52	(2)	2	98	(36)	112
Balance at the end of period	$ 154	$ 102	$ 104	$ 196	$ 98	$ 134	$ 154	$ 196

LOANS RECEIVABLE, NET AND REL53

LOANS RECEIVABLE, NET AND RELATED ALLOWANCE FOR LOAN LOSSES (Schedule of ALL by Loan Category) (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Sep. 30, 2017
Allowance for Loan Losses:
Balance - Allowance for loans losses	$ 3,985	$ 3,475
Individually evaluated for impairment
Collectively evaluated for impairment	3,985	3,475
Balance - Loans receivable	502,658	473,991
Loan balance individually evaluated for impairment	5,350	7,455
Loan balance collectively evaluated for impairment	497,308	466,536
One-to four-family residential [Member]
Allowance for Loan Losses:
Balance - Allowance for loans losses	534	587
Individually evaluated for impairment
Collectively evaluated for impairment	534	587
Balance - Loans receivable	181,024	178,336
Loan balance individually evaluated for impairment	1,253	3,124
Loan balance collectively evaluated for impairment	179,771	175,212
Commercial real estate [Member]
Allowance for Loan Losses:
Balance - Allowance for loans losses	1,488	1,277
Individually evaluated for impairment
Collectively evaluated for impairment	1,488	1,277
Balance - Loans receivable	216,058	207,118
Loan balance individually evaluated for impairment	3,680	4,088
Loan balance collectively evaluated for impairment	212,378	203,030
Construction [Member]
Allowance for Loan Losses:
Balance - Allowance for loans losses	512	490
Individually evaluated for impairment
Collectively evaluated for impairment	512	490
Balance - Loans receivable	29,663	22,622
Loan balance individually evaluated for impairment
Loan balance collectively evaluated for impairment	29,663	22,622
Home equity lines of credit [Member]
Allowance for Loan Losses:
Balance - Allowance for loans losses	116	57
Individually evaluated for impairment
Collectively evaluated for impairment	116	57
Balance - Loans receivable	19,232	18,536
Loan balance individually evaluated for impairment	58
Loan balance collectively evaluated for impairment	19,174	18,536
Commercial business [Member]
Allowance for Loan Losses:
Balance - Allowance for loans losses	1,177	956
Individually evaluated for impairment
Collectively evaluated for impairment	1,177	956
Balance - Loans receivable	51,188	41,113
Loan balance individually evaluated for impairment	359	243
Loan balance collectively evaluated for impairment	50,829	40,870
Other [Member]
Allowance for Loan Losses:
Balance - Allowance for loans losses	4	6
Individually evaluated for impairment
Collectively evaluated for impairment	4	6
Balance - Loans receivable	5,493	6,266
Loan balance individually evaluated for impairment
Loan balance collectively evaluated for impairment	5,493	6,266
Unallocated [Member]
Allowance for Loan Losses:
Balance - Allowance for loans losses	154	102
Individually evaluated for impairment
Collectively evaluated for impairment	154	102
Balance - Loans receivable
Loan balance individually evaluated for impairment
Loan balance collectively evaluated for impairment

LOANS RECEIVABLE, NET AND REL54

LOANS RECEIVABLE, NET AND RELATED ALLOWANCE FOR LOAN LOSSES (Schedule of troubled debt restructurings) (Details) $ in Thousands	9 Months Ended
	Jun. 30, 2017USD ($)N
Number of Loans | N	1
Investment Before TDR Modification	$ 182
Investment After TDR Modification	$ 182
One-to four-family residential [Member]
Number of Loans | N	1
Investment Before TDR Modification	$ 182
Investment After TDR Modification	$ 182

DEPOSITS (Schedule of Deposits

DEPOSITS (Schedule of Deposits by Type of Account) (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Sep. 30, 2017
Deposits [Abstract]
Demand accounts	$ 105,688	$ 98,728
Savings accounts	88,259	107,362
NOW accounts	47,925	43,556
Money market accounts	142,906	137,527
Certificates of deposit	105,024	108,740
Retirement certificates	18,182	19,288
Deposits, Total	$ 507,984	$ 515,201

INCOME TAXES (Narrative) (Detai

INCOME TAXES (Narrative) (Details) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Sep. 30, 2018
Change in federal corporate tax rate	21.00%	34.00%
Increase income tax expense	$ 99
Change in income tax expense	306
Amount of application of newly enacted rates deferred tax assets balances	$ 207
Subsequent Event [Member]
Change in federal corporate tax rate			24.00%

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, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Income Tax Disclosure [Abstract]
Statutory federal tax rate (as a percent)	24.00%	34.00%	24.00%	34.00%
Income tax expense at the statutory federal tax rate of 24% for the three and nine months ended June 30, 2018 and 34% for the three and nine months ended June 30, 2017	$ 213	$ 169	$ 565	$ 546
State tax expense	61	30	161	94
Reduction of deferred tax asset from tax legislation			306
Other	15	11	3	30
Income tax expense	$ 289	$ 210	$ 1,035	$ 670

FINANCIAL INSTRUMENTS WITH OF58

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK (Schedule of Financial Instruments Whose Contract Amounts Representing Credit Risk) (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Sep. 30, 2017
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments - contract amounts	$ 78,339	$ 71,234
Letters of credit [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments - contract amounts	1,929	633
Unused lines of credit [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments - contract amounts	50,702	64,220
Fixed rate loan commitments [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments - contract amounts	3,779	2,429
Variable rate loan commitments [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments - contract amounts	$ 21,929	$ 3,952