Magyar Bancorp (MGYR) 10-Q 14 Aug 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Jun. 30, 2019	Aug. 01, 2019
Document and Entity Information [Abstract]
Entity Registrant Name	Magyar Bancorp, Inc.
Entity Central Index Key	0001337068
Amendment Flag	false
Document Type	10-Q
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2019
Document Period End Date	Jun. 30, 2019
Current Fiscal Year End Date	--09-30
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		5,820,746
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Incorporation, State or Country Code	DE
Entity File Number	000-51726
Document Quarterly Report	true
Document Transition Report	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2019	Sep. 30, 2018
Assets
Cash	$ 1,183	$ 674
Interest earning deposits with banks	6,756	14,694
Total cash and cash equivalents	7,939	15,368
Investment securities - available for sale, at fair value	20,941	22,469
Investment securities - held to maturity, at amortized cost (fair value of $31,771 and $32,151 at June 30, 2019 and September 30, 2018, respectively)	32,014	33,645
Federal Home Loan Bank of New York stock, at cost	2,861	2,164
Loans receivable, net of allowance for loan losses of $4,693 and $4,200 at June 30, 2019 and September 30, 2018, respectively	526,279	508,430
Bank owned life insurance	13,565	11,843
Accrued interest receivable	2,385	2,181
Premises and equipment, net	16,369	16,990
Other real estate owned ("OREO")	7,534	8,586
Other assets	2,687	2,292
Total assets	632,574	623,968
Liabilities
Deposits	520,039	530,137
Escrowed funds	2,657	2,285
Federal Home Loan Bank of New York advances	50,389	35,524
Accrued interest payable	162	193
Accounts payable and other liabilities	5,085	4,467
Total liabilities	578,332	572,606
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, 2019 and September 30, 2018	59	59
Additional paid-in capital	26,316	26,310
Treasury stock: 102,996 shares at June 30, 2019 and September 30, 2018, at cost	(1,152)	(1,152)
Unearned Employee Stock Ownership Plan shares	(250)	(356)
Retained earnings	30,153	27,975
Accumulated other comprehensive loss	(884)	(1,474)
Total stockholders' equity	54,242	51,362
Total liabilities and stockholders' equity	$ 632,574	$ 623,968

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2019	Sep. 30, 2018
Statement of Financial Position [Abstract]
Fair value of investment securities - held to maturity	$ 31,771	$ 32,151
Allowance for loan losses	$ 4,693	$ 4,200
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, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Interest and dividend income
Loans, including fees	$ 6,442	$ 5,736	$ 18,794	$ 16,579
Investment securities
Taxable	432	399	1,466	1,236
Federal Home Loan Bank of New York stock	32	33	114	97
Total interest and dividend income	6,906	6,168	20,374	17,912
Interest expense
Deposits	1,482	981	4,427	2,746
Borrowings	200	185	570	512
Total interest expense	1,682	1,166	4,997	3,258
Net interest and dividend income	5,224	5,002	15,377	14,654
Provision for loan losses	194	276	501	782
Net interest and dividend income after provision for loan losses	5,030	4,726	14,876	13,872
Other income
Service charges	285	268	886	749
Income on bank owned life insurance	75	73	222	218
Other operating income	35	34	96	101
Gains on sales of loans		146	151	362
Gains on sales of investment securities	27		59	107
Total other income	422	521	1,414	1,537
Other expenses
Compensation and employee benefits	2,581	2,496	7,541	7,297
Occupancy expenses	749	718	2,233	2,190
Professional fees	258	284	827	768
Data processing expenses	165	143	472	424
OREO expenses	12	63	273	462
FDIC deposit insurance premiums	114	114	330	319
Loan servicing expenses	65	73	171	231
Insurance expense	51	50	153	152
Other expenses	430	418	1,207	1,207
Total other expenses	4,425	4,359	13,207	13,050
Income before income tax expense	1,027	888	3,083	2,359
Income tax expense	301	289	905	1,035
Net income	$ 726	$ 599	$ 2,178	$ 1,324
Net income per share-basic and diluted	$ 0.12	$ 0.10	$ 0.37	$ 0.23
Weighted average basic and diluted shares outstanding	5,820,746	5,820,746	5,820,746	5,820,746

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Statement of Comprehensive Income [Abstract]
Net income	$ 726	$ 599	$ 2,178	$ 1,324
Other comprehensive income (loss)
Unrealized gain (loss) on securities available for sale	239	(223)	878	(469)
Less reclassification adjustments for:
Net unrealized gains on securities reclassified available for sale				104
Net gains realized on securities available for sale	(27)		(59)	(107)
Other comprehensive income (loss), before tax	212	(223)	819	(472)
Deferred income tax effect	(59)	115	(229)	130
Total other comprehensive income (loss)	153	(108)	590	(342)
Total comprehensive income	$ 879	$ 491	$ 2,768	$ 982

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - 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, 2017		$ 59	$ 26,289	$ (1,152)	$ (492)	$ 25,757	$ (1,004)	$ 49,457
Balance, shares at Sep. 30, 2017		5,820,746
Net income						329		329
Other comprehensive income loss							19	19
Reclassification of the stranded tax effect related to deferred taxes for:
ESOP shares allocated			6		33			39
Balance, at Dec. 31, 2017		$ 59	26,295	(1,152)	(459)	26,086	(985)	49,844
Balance, shares at Dec. 31, 2017		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
Net income								1,324
Other comprehensive income loss								(342)
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
Balance, at Dec. 31, 2017		$ 59	26,295	(1,152)	(459)	26,086	(985)	49,844
Balance, shares at Dec. 31, 2017		5,820,746
Net income						396		396
Other comprehensive income loss							(441)	(441)
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			5		35			40
Balance, at Mar. 31, 2018		$ 59	26,300	(1,152)	(424)	26,670	(1,426)	50,027
Balance, shares at Mar. 31, 2018		5,820,746
Net income						599		599
Other comprehensive income loss						(108)		(108)
Reclassification of the stranded tax effect related to deferred taxes for:
ESOP shares allocated			5		34			39
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
Balance, at Sep. 30, 2018		$ 59	26,310	(1,152)	(356)	27,975	(1,474)	$ 51,362
Balance, shares at Sep. 30, 2018		5,820,746						5,820,746
Net income						685		$ 685
Other comprehensive income loss							246	246
Reclassification of the stranded tax effect related to deferred taxes for:
ESOP shares allocated			4		35			39
Balance, at Dec. 31, 2018		$ 59	26,314	(1,152)	(321)	28,660	(1,228)	52,332
Balance, shares at Dec. 31, 2018		5,820,746
Balance, at Sep. 30, 2018		$ 59	26,310	(1,152)	(356)	27,975	(1,474)	$ 51,362
Balance, shares at Sep. 30, 2018		5,820,746						5,820,746
Net income								$ 2,178
Other comprehensive income loss								590
Balance, at Jun. 30, 2019		$ 59	26,316	(1,152)	(250)	30,153	(884)	$ 54,242
Balance, shares at Jun. 30, 2019		5,820,746						5,820,746
Balance, at Dec. 31, 2018		$ 59	26,314	(1,152)	(321)	28,660	(1,228)	$ 52,332
Balance, shares at Dec. 31, 2018		5,820,746
Net income						767		767
Other comprehensive income loss							191	191
Reclassification of the stranded tax effect related to deferred taxes for:
ESOP shares allocated					36			36
Balance, at Mar. 31, 2019		$ 59	26,314	(1,152)	(285)	29,427	(1,037)	53,326
Balance, shares at Mar. 31, 2019		5,820,746
Net income						726		726
Other comprehensive income loss							153	153
Reclassification of the stranded tax effect related to deferred taxes for:
ESOP shares allocated			2		35			37
Balance, at Jun. 30, 2019		$ 59	$ 26,316	$ (1,152)	$ (250)	$ 30,153	$ (884)	$ 54,242
Balance, shares at Jun. 30, 2019		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, 2019	Jun. 30, 2018
Operating activities
Net income	$ 2,178	$ 1,324
Adjustment to reconcile net income to net cash provided by operating activities
Depreciation expense	686	612
Premium amortization on investment securities, net	80	104
Provision for loan losses	501	782
Provision for loss on other real estate owned	212	308
Originations of SBA loans held for sale	(2,170)	(6,255)
Proceeds from the sales of SBA loans	2,321	6,617
Gains on sale of loans receivable	(151)	(362)
Gains on sales of investment securities	(59)	(107)
Gains on the sales of other real estate owned	(57)	(66)
ESOP compensation expense	112	118
Deferred income tax (benefit) expense	(171)	638
Increase in accrued interest receivable	(204)	(85)
Increase in surrender value of bank owned life insurance	(222)	(218)
Increase in other assets	(453)	(377)
(Decrease) increase in accrued interest payable	(31)	55
Increase in accounts payable and other liabilities	618	1,762
Net cash provided by operating activities	3,190	4,850
Investing activities
Net increase in loans receivable	(28,305)	(28,166)
Purchases of loans receivable		(4,463)
Proceeds from the sale of loans receivable	9,452	3,399
Purchases of investment securities held to maturity	(1,645)	(3,492)
Purchases of investment securities available for sale	(3,088)	(1,443)
Sales of investment securities held to maturity		3,408
Sales of investment securities available for sale	3,921
Principal repayments on investment securities held to maturity	3,229	4,542
Principal repayments on investment securities available for sale	1,540	2,246
Purchase of bank owned life insurance	(1,500)
Purchases of premises and equipment	(65)	(243)
Investment in other real estate owned	(11)	(182)
Proceeds from other real estate owned	1,411	1,279
Purchases of Federal Home Loan Bank stock	(697)	(758)
Net cash used by investing activities	(15,758)	(23,873)
Financing activities
Net decrease in deposits	(10,098)	(7,217)
Net increase in escrowed funds	372	541
Proceeds from long-term advances	9,605	4,059
Repayments of long-term advances	(6,940)	(2,000)
Net change in short-term advances	12,200	14,800
Net cash provided by financing activities	5,139	10,183
Net decrease in cash and cash equivalents	(7,429)	(8,840)
Cash and cash equivalents, beginning of period	15,368	22,334
Cash and cash equivalents, end of period	7,939	13,494
Supplemental disclosures of cash flow information
Interest	5,028	3,204
Income taxes	774	964
Non-cash investing activities
Real estate acquired in full satisfaction of loans in foreclosure	503
Investment securities transferred from held to maturity to available for sale		$ 12,619

BASIS OF PRESENTATION

BASIS OF PRESENTATION	9 Months Ended
	Jun. 30, 2019
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, 2019 are not necessarily indicative of the results that may be expected for the year ending September 30, 2019. The September 30, 2018 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, 2019 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, 2019
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 Under previous U.S. GAAP, when full consideration is not expected and financing is required by the buyer to purchase the property, there were very prescriptive requirements in determining when foreclosed real estate property sold by an institution should be derecognized and a gain or loss be recognized. The new guidance that was applied to these sales is more principles based. For example, as it pertains to the criteria for determining how a contract should be accounted for under the new guidance, judgment will need to be exercised in evaluating if: (a) a commitment on the buyer’s part exists, (b) collection is probable in circumstances where the initial investment is minimal and (c) the buyer has obtained control of the asset, including the significant risks and rewards of the ownership. If there is no commitment on the buyer’s part, collection is not probable or the buyer has not obtained control of the asset, then a gain cannot be recognized under the new guidance. The initial investment requirement for the buyer along with the various methods for profit recognition are no longer applicable. For deposit-related fees, considering the straightforward nature of the arrangements with the Company’s deposits customers, the Company's recognition and measurement outcomes of deposit-related fees was not significantly different under the new guidance compared to previous U.S. GAAP. ASU 2014-09 was to be effective for interim and annual periods beginning after December 15, 2016 and was to be applied on either a modified retrospective or full retrospective basis. In August 2015, the FASB issued ASU 2015-14 which deferred the original effective date for all public business entities to be effective for annual reporting periods beginning after December 15, 2017 (October 1, 2018 for the Company), including interim reporting periods within that reporting period. The adoption of ASU 2014-09 did not have a significant impact 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 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 November 2018, the FASB issued ASU 2018-19, Codification Improvements to Topic 326 (Regulatory Capital Rule: Implementation and Transition of the Current Expected Credit Losses Methodology for Allowances and Related Adjustments to the Regulatory Capital Rule and Conforming Amendments to Other Regulations) 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 was 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. ASU 2018-02 allows a reclassification from accumulated other comprehensive income (loss) ("AOCI") to retained earnings for the stranded tax effects caused by the revaluation of deferred taxes resulting from the newly enacted corporate tax rate in the Tax Cuts and Jobs Act. The ASU is effective in years beginning after December 15, 2018, but permits early adoption in a period for which financial statements have not yet been issued. The Company elected to early adopt the ASU as of January 1, 2018 which resulted in

CONTINGENCIES

CONTINGENCIES	9 Months Ended
	Jun. 30, 2019
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, 2019
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, 2019 and 2018 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. Three Months Nine Months Ended June 30, Ended June 30, 2019 2018 2019 2018 (In thousands except for per share data) Income applicable to common shares $ 726 $ 599 $ 2,178 $ 1,324 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 $ 0.12 $ 0.10 $ 0.37 $ 0.23 Diluted earnings per share $ 0.12 $ 0.10 $ 0.37 $ 0.23 There were no outstanding options to purchase common stock at June 30, 2019 and June 30, 2018.

STOCK-BASED COMPENSATION AND ST

STOCK-BASED COMPENSATION AND STOCK REPURCHASE PROGRAM	9 Months Ended
	Jun. 30, 2019
Share-based Payment Arrangement [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. There were no grants, vested shares or forfeitures of non-vested restricted stock awards the three and nine months ended June 30, 2019 and 2018 nor were there any stock option and stock award expenses included with compensation expense for the three and nine months ended June 30, 2019 and 2018. 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, 2019, 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, 2019 and 2018, respectively. Under the stock repurchase program, 48,924 shares of the 129,924 shares authorized remained available for repurchase as of June 30, 2019. 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, 2019. 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 makes 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, 2019, shares allocated to participants totaled 178,216. Unallocated ESOP shares held in suspense totaled 39,647 at June 30, 2019 and had a fair market value of $479,729. The Company's contribution expense for the ESOP was $112,000 and $118,000 for the nine months ended June 30, 2019 and 2018, respectively.

OTHER COMPREHENSIVE INCOME

OTHER COMPREHENSIVE INCOME	9 Months Ended
	Jun. 30, 2019
Other comprehensive income (loss)
OTHER COMPREHENSIVE INCOME	NOTE F – OTHER COMPREHENSIVE INCOME The components of other comprehensive income and the related income tax effects are as follows: Three Months Ended June 30, 2019 2018 Tax Net of Tax Net of Before Tax Benefit Tax Before Tax Benefit Tax Amount (Expense) Amount Amount (Expense) Amount (In thousands) Unrealized holding gain (loss) arising during period on: Available-for-sale investments $ 239 $ (67 ) $ 172 $ (223 ) $ 115 $ (108 ) Less reclassification adjustments for: Net gains realized on securities available for sale (a) (b) (27 ) 8 (19 ) — — — Other comprehensive income (loss), net $ 212 $ (59 ) $ 153 $ (223 ) $ 115 $ (108 ) Nine Months Ended June 30, 2019 2018 Tax Net of Tax Net of Before Tax Benefit Tax Before Tax Benefit Tax Amount (Expense) Amount Amount (Expense) Amount (In thousands) Unrealized holding gain (loss) arising during period on: Available-for-sale investments $ 878 $ (246 ) $ 632 $ (469 ) $ 129 $ (340 ) 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) (59 ) 17 (42 ) (107 ) 33 (74 ) Other comprehensive income (loss), net $ 819 $ (229 ) $ 590 $ (472 ) $ 130 $ (342 ) (a) Realized gains on securities transactions included in gains on sales of investment securities in the accompanying Consolidated Statements of Operation. (b) Tax effect included in income tax expense in the accompanying Consolidated Statements of Operation.

FAIR VALUE DISCLOSURES

FAIR VALUE DISCLOSURES	9 Months Ended
	Jun. 30, 2019
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 tables provide 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, 2019 Total Level 1 Level 2 Level 3 (In thousands) Securities available for sale: Obligations of U.S. government agencies: Mortgage-backed securities - residential $ 1,968 $ — $ 1,968 $ — Obligations of U.S. government-sponsored enterprises: Mortgage-backed securities-residential 16,479 — 16,479 — Debt securities 2,494 — 2,494 — Total securities available for sale $ 20,941 $ — $ 20,941 $ — Fair Value at September 30, 2018 Total Level 1 Level 2 Level 3 (In thousands) Securities available for sale: Obligations of U.S. government agencies: Mortgage-backed securities - residential $ 1,495 $ — $ 1,495 $ — Obligations of U.S. government-sponsored enterprises: Mortgage-backed securities-residential 18,613 — 18,613 — Debt securities 2,361 — 2,361 — Total securities available for sale $ 22,469 $ — $ 22,469 $ — 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 $33,000 and $49,000 at June 30, 2019 and September 30, 2018, 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 tables provide 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, 2019 and September 30, 2018. Fair Value at June 30, 2019 Total Level 1 Level 2 Level 3 (In thousands) Impaired loans $ 902 $ — $ — $ 902 Other real estate owned 7,534 — — 7,534 Total $ 8,436 $ — $ — $ 8,436 Fair Value at September 30, 2018 Total Level 1 Level 2 Level 3 (In thousands) Impaired loans $ 464 $ — $ — $ 464 Other real estate owned 8,586 — — 8,586 Total $ 9,050 $ — $ — $ 9,050 The following tables present 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, 2019 Estimate Techniques Unobservable Input Range (Weighted Average) Impaired loans $ 902 Appraisal of (1) Appraisal adjustments (2) -1.6% to -53.6% (-41.1%) Other real estate owned $ 7,534 Appraisal of (1) Liquidation expenses (2) -9.2% to -48.5% (-19.4%) Quantitative Information about Level 3 Fair Value Measurements (Dollars in thousands) Fair Value Valuation September 30, 2018 Estimate Techniques Unobservable Input Range (Weighted Average) Impaired loans $ 464 Appraisal of Appraisal adjustments (2) -10.2% to -32.0% (-21.3%) Other real estate owned $ 8,586 Appraisal of Liquidation expenses (2) -5.6% to -48.5% (-15.4%) (1) Fair value is generally determined through independent appraisals for the underlying collateral, which generally include various level 3 inputs which are not identifiable. (2) Appraisals may be adjusted 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 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, 2019 and September 30, 2018. 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) (In thousands) June 30, 2019 Financial instruments - assets Investment securities held to maturity $ 32,014 $ 31,771 $ — $ 31,771 $ — Loans 526,279 532,778 — — 532,778 Financial instruments - liabilities Certificates of deposit including retirement certificates 112,623 113,361 — 113,361 — Borrowings 50,389 50,676 — 50,676 — September 30, 2018 Financial instruments - assets Investment securities held to maturity $ 33,645 $ 32,151 $ — $ 32,151 $ — Loans 508,430 505,479 — — 505,479 Financial instruments - liabilities Certificates of deposit including retirement certificates 130,343 130,813 — 130,813 — Borrowings 35,524 34,863 — 34,863 — There were no transfers between fair value measurement placements during the nine months ended June 30, 2019.

INVESTMENT SECURITIES

INVESTMENT SECURITIES	9 Months Ended
	Jun. 30, 2019
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, 2019 and September 30, 2018: June 30, 2019 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (In thousands) Securities available for sale: Obligations of U.S. government agencies: Mortgage-backed securities - residential $ 1,918 $ 50 $ — $ 1,968 Obligations of U.S. government-sponsored enterprises: Mortgage-backed securities-residential 16,460 83 (64 ) 16,479 Debt securities 2,500 — (6 ) 2,494 Total securities available for sale $ 20,878 $ 133 $ (70 ) $ 20,941 September 30, 2018 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (In thousands) Securities available for sale: Obligations of U.S. government agencies: Mortgage backed securities - residential $ 1,463 $ 40 $ (8 ) $ 1,495 Obligations of U.S. government-sponsored enterprises: Mortgage-backed securities-residential 19,262 13 (662 ) 18,613 Debt securities 2,500 — (139 ) 2,361 Total securities available for sale $ 23,225 $ 53 $ (809 ) $ 22,469 The maturities of the debt securities and certain information regarding the mortgage-backed securities available for sale at June 30, 2019 are summarized in the following table: June 30, 2019 Amortized Fair Cost Value (In thousands) Due within 1 year $ — $ — Due after 1 but within 5 years 2,500 2,494 Due after 5 but within 10 years — — Due after 10 years — — Total debt securities 2,500 2,494 Mortgage-backed securities: Residential 18,378 18,447 Commercial — — Total $ 20,878 $ 20,941 The following tables summarize the amortized cost and fair values of securities held to maturity at June 30, 2019 and September 30, 2018: June 30, 2019 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (In thousands) Securities held to maturity: Obligations of U.S. government agencies: Mortgage-backed securities - residential $ 463 $ — $ (62 ) $ 401 Mortgage-backed securities - commercial 858 — (4 ) 854 Obligations of U.S. government-sponsored enterprises: Mortgage-backed-securities - residential 24,858 197 (85 ) 24,970 Debt securities 2,467 4 — 2,471 Private label mortgage-backed securities - residential 368 7 — 375 Corporate securities 3,000 — (300 ) 2,700 Total securities held to maturity $ 32,014 $ 208 $ (451 ) $ 31,771 September 30, 2018 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (In thousands) Securities held to maturity: Obligations of U.S. government agencies: Mortgage-backed securities - residential $ 568 $ — $ (93 ) $ 475 Mortgage-backed securities - commercial 904 — (9 ) 895 Obligations of U.S. government-sponsored enterprises: Mortgage backed securities - residential 26,316 4 (867 ) 25,453 Debt securities 2,464 — (142 ) 2,322 Private label mortgage-backed securities - residential 393 1 — 394 Corporate securities 3,000 — (388 ) 2,612 Total securities held to maturity $ 33,645 $ 5 $ (1,499 ) $ 32,151 The maturities of the debt securities and certain information regarding the mortgage backed securities held to maturity at June 30, 2019 are summarized in the following table: June 30, 2019 Amortized Fair Cost Value (In thousands) Due within 1 year $ — $ — Due after 1 but within 5 years 1,499 1,500 Due after 5 but within 10 years 3,968 3,671 Due after 10 years — — Total debt securities 5,467 5,171 Mortgage-backed securities: Residential 25,689 25,746 Commercial 858 854 Total $ 32,014 $ 31,771

IMPAIRMENT OF INVESTMENT SECURI

IMPAIRMENT OF INVESTMENT SECURITIES	9 Months Ended
	Jun. 30, 2019
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, 2019 and September 30, 2018 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, 2019 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 $ — $ — $ 401 $ (62 ) $ 401 $ (62 ) Mortgage-backed securities - commercial 1 — — 854 (4 ) 854 (4 ) Obligations of U.S. government-sponsored enterprises: Mortgage-backed securities - residential 19 1,432 (3 ) 21,210 (146 ) 22,642 (149 ) Debt securities 1 — — 1,494 (6 ) 1,494 (6 ) Corporate securities 1 — — 2,700 (300 ) 2,700 (300 ) Total 24 $ 1,432 $ (3 ) $ 26,659 $ (518 ) $ 28,091 $ (521 ) September 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 $ 532 $ (8 ) $ 475 $ (93 ) $ 1,007 $ (101 ) Mortgage-backed securities - commercial 1 — — 895 (9 ) 895 (9 ) Obligations of U.S. government-sponsored enterprises: Mortgage-backed securities - residential 34 11,336 (312 ) 30,605 (1,217 ) 41,941 (1,529 ) Debt securities 4 — — 4,683 (281 ) 4,683 (281 ) Private label mortgage-backed securities residential 1 — — 104 — 104 — Corporate securities 1 — — 2,612 (388 ) 2,612 (388 ) Total 44 $ 11,868 $ (320 ) $ 39,374 $ (1,988 ) $ 51,242 $ (2,308 ) 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, 2019 and September 30, 2018, there were twenty-four and forty-four 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, 2019 and September 30, 2018.

LOANS RECEIVABLE, NET AND RELAT

LOANS RECEIVABLE, NET AND RELATED ALLOWANCE FOR LOAN LOSSES	9 Months Ended
	Jun. 30, 2019
Receivables [Abstract]
LOANS RECEIVABLE, NET AND RELATED ALLOWANCE FOR LOAN LOSSES	NOTE J – LOANS RECEIVABLE, NET AND RELATED ALLOWANCE FOR LOAN LOSSES Loans receivable, net were comprised of the following: June 30, September 30, 2019 2018 (In thousands) One-to four-family residential $ 191,248 $ 185,287 Commercial real estate 234,437 219,347 Construction 30,536 30,412 Home equity lines of credit 18,346 17,982 Commercial business 51,628 53,320 Other 4,629 6,150 Total loans receivable 530,824 512,498 Net deferred loan costs 148 132 Allowance for loan losses (4,693 ) (4,200 ) Total loans receivable, net $ 526,279 $ 508,430 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 90 days or more 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, 2019 and September 30, 2018: Impaired Loans with Impaired Loans with No Specific Specific Allowance Allowance Total Impaired Loans Unpaid Recorded Related Recorded Recorded Principal June 30, 2019 Investment Allowance Investment Investment Balance (In thousands) One-to four-family residential $ — $ — $ 1,339 $ 1,339 $ 1,339 Commercial real estate — — 4,355 4,355 4,355 Construction — — 2,900 2,900 2,900 Commercial business — — 482 482 482 Total impaired loans $ — $ — $ 9,076 $ 9,076 $ 9,076 Impaired Loans with Impaired Loans with No Specific Specific Allowance Allowance Total Impaired Loans Unpaid Recorded Related Recorded Recorded Principal September 30, 2018 Investment Allowance Investment Investment Balance (In thousands) One-to four-family residential $ — $ — $ 1,132 $ 1,132 $ 1,132 Commercial real estate — — 3,961 3,961 3,961 Home equity lines of credit — — 58 58 58 Commercial business — — 710 710 801 Total impaired loans $ — $ — $ 5,861 $ 5,861 $ 5,952 The average recorded investment in impaired loans was $8.9 million and $6.5 million for the nine months ended June 30, 2019 and 2018, respectively. The Company’s impaired loans include delinquent non-accrual loans and performing Troubled Debt Restructurings (“TDRs”), as TDRs remain impaired loans until fully repaid. There were no TDRs for the three months ended June30, 2019. There was one TDR during the nine months ended June 30, 2019 totaling $365,000 that resulted from the restructure of a previously impaired, non-accrual loan. There were no TDRs during the three and nine months ended June 30, 2018. During the nine months ended June 30, 2019 and 2018, interest income of $179,000 and $180,000, respectively, was recognized for TDR loans while no interest income was recognized for delinquent non-accrual loans. The following tables present the average recorded investment in impaired loans for the three and nine months ended June 30, 2019 and 2018. Three Months Nine Months June 30, 2019 June 30, 2019 (In thousands) One-to four-family residential $ 1,344 $ 1,273 Commercial real estate 4,133 4,067 Construction 2,900 2,900 Home equity lines of credit 20 32 Commercial business 533 591 Average investment in impaired loans $ 8,930 $ 8,863 Three Months Nine Months June 30, 2018 June 30, 2018 (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 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 tables present 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 (In thousands) June 30, 2019 One-to four-family residential $ 190,846 $ — $ 402 $ — $ 191,248 Commercial real estate 232,493 835 1,109 — 234,437 Construction 27,636 — 2,900 — 30,536 Home equity lines of credit 18,346 — — — 18,346 Commercial business 51,376 — 252 — 51,628 Other 4,629 — — — 4,629 Total $ 525,326 $ 835 $ 4,663 $ — $ 530,824 Special Pass Mention Substandard Doubtful Total (In thousands) September 30, 2018 One-to four-family residential $ 185,118 $ — $ 169 $ — $ 185,287 Commercial real estate 217,935 753 659 — 219,347 Construction 30,412 — — — 30,412 Home equity lines of credit 17,924 — 58 — 17,982 Commercial business 52,845 — 475 — 53,320 Other 6,150 — — — 6,150 Total $ 510,384 $ 753 $ 1,361 $ — $ 512,498 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 (In thousands) June 30, 2019 One-to four-family residential $ 191,210 $ — $ — $ 38 $ 38 $ 38 $ 191,248 Commercial real estate 231,116 1,682 719 920 3,321 920 234,437 Construction 27,636 — — 2,900 2,900 2,900 30,536 Home equity lines of credit 18,317 — 29 — 29 — 18,346 Commercial business 51,079 297 — 252 549 252 51,628 Other 4,629 — — — — — 4,629 Total $ 523,987 $ 1,979 $ 748 $ 4,110 $ 6,837 $ 4,110 $ 530,824 30-59 60-89 Days Days 90 Days + Total Non- Total Current Past Due Past Due Past Due Past Due Accrual Loans (In thousands) September 30, 2018 One-to four-family residential $ 185,132 $ 17 $ — $ 138 $ 155 $ 138 $ 185,287 Commercial real estate 218,892 — — 455 455 455 219,347 Construction 30,412 — — — — — 30,412 Home equity lines of credit 17,892 — — 90 90 90 17,982 Commercial business 52,845 252 — 223 475 223 53,320 Other 6,150 — — — — — 6,150 Total $ 511,323 $ 269 $ — $ 906 $ 1,175 $ 906 $ 512,498 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, 2019: One-to-Four Home Equity Family Commercial Lines of Commercial Residential Real Estate Construction Credit Business Other Unallocated Total (In thousands) Balance- September 30, 2018 $ 687 $ 1,540 $ 493 $ 109 $ 1,151 $ 25 $ 195 $ 4,200 Charge-offs — — — — — — — — Recoveries — — — 1 — — — 1 Provision (credit) 11 50 181 11 31 (21 ) (62 ) 201 Balance- December 31, 2018 $ 698 $ 1,590 $ 674 $ 121 $ 1,182 $ 4 $ 133 $ 4,402 Charge-offs — — — — — — — — Recoveries 92 — — — — — — 92 Provision (credit) (80 ) 95 142 17 (78 ) (1 ) 11 106 Balance- March 31, 2019 $ 710 $ 1,685 $ 816 $ 138 $ 1,104 $ 3 $ 144 $ 4,600 Charge-offs — (1 ) — — (100 ) — — (101 ) Recoveries — — — — — — — — Provision (credit) 3 219 (52 ) 1 26 1 (4 ) 194 Balance- June 30, 2019 $ 713 $ 1,903 $ 764 $ 139 $ 1,030 $ 4 $ 140 $ 4,693 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 (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 ) 257 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 tables summarize 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, 2019 and September 30, 2018: One-to-Four Home Equity Family Commercial Lines of Commercial Residential Real Estate Construction Credit Business Other Unallocated Total (In thousands) Allowance for Loan Losses: Balance - June 30, 2019 $ 713 $ 1,903 $ 764 $ 139 $ 1,030 $ 4 $ 140 $ 4,693 Individually evaluated for impairment — — — — — — — — Collectively evaluated for impairment 713 1,903 764 139 1,030 4 140 4,693 Loans receivable: Balance - June 30, 2019 $ 191,248 $ 234,437 $ 30,536 $ 18,346 $ 51,628 $ 4,629 $ — $ 530,824 Individually evaluated for impairment 1,339 4,355 2,900 — 482 — — 9,076 Collectively evaluated for impairment 189,909 230,082 27,636 18,346 51,146 4,629 — 521,748 One-to- Four Home Equity Family Commercial Lines of Commercial Residential Real Estate Construction Credit Business Other Unallocated Total (In thousands) Allowance for Loan Losses: Balance - September 30, 2018 $ 687 $ 1,540 $ 493 $ 109 $ 1,151 $ 25 $ 195 $ 4,200 Individually evaluated for impairment — — — — — — — — Collectively evaluated for impairment 687 1,540 493 109 1,151 25 195 4,200 Loans receivable: Balance - September 30, 2018 $ 185,287 $ 219,347 $ 30,412 $ 17,982 $ 53,320 $ 6,150 $ — $ 512,498 Individually evaluated for impairment 1,132 3,961 — 58 710 — — 5,861 Collectively evaluated for impairment 184,155 215,386 30,412 17,924 52,610 6,150 — 506,637 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 months ended June30, 2019. There was one TDR during the nine months ended June 30, 2019 totaling $365,000 that resulted from the restructure of a previously impaired, non-accrual loan. There were no TDRs for the three and nine months ended . The following table summarizes the TDRs for the nine months Nine Months Ended June 30, 2019 Number of Investment Before Investment After Loans TDR Modification TDR Modification (Dollars in thousands) One-to four-family residential 1 $ 260 $ 365 Total 1 $ 260 $ 365

DEPOSITS

DEPOSITS	9 Months Ended
	Jun. 30, 2019
Deposits [Abstract]
DEPOSITS	NOTE K - DEPOSITS A summary of deposits by type of account are summarized as follows: June 30, September 30, 2019 2018 (In thousands) Demand accounts $ 106,728 $ 104,745 Savings accounts 71,894 81,373 NOW accounts 39,988 46,336 Money market accounts 188,806 167,340 Certificates of deposit 95,748 112,014 Retirement certificates 16,875 18,329 Total deposits $ 520,039 $ 530,137

INCOME TAXES

INCOME TAXES	9 Months Ended
	Jun. 30, 2019
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE L – INCOME TAXES The Company records income taxes using the asset and liability method. Accordingly, deferred tax assets and liabilities: (i) are recognized for the expected future tax consequences of events that have been recognized in the financial statements or tax returns; (ii) are attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases; and (iii) are measured using enacted tax rates expected to apply in the years when those temporary differences are expected to be recovered or settled. Where applicable, deferred tax assets are reduced by a valuation allowance for any portions determined not likely to be realized. The valuation allowance is assessed by management on a quarterly basis and adjusted, by a charge or credit to income tax expense, as changes in facts and circumstances warrant. In assessing whether it is more likely than not that some portion or all of the deferred tax assets will not be realized, management considers projections of future taxable income, the projected periods in which current temporary differences will be deductible, the availability of carry forwards, feasible and permissible tax planning strategies and existing tax laws and regulations. The Company did not have a valuation allowance against its net deferred tax assets at June 30, 2019 or September 30, 2018. 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, 2019 2018 2019 2018 (In thousands) Income tax expense at the statutory federal tax rate of 21% and 24% for the three and nine months ended June 30, 2019 and 2018, respectively $ 191 $ 213 $ 573 $ 565 State tax expense 118 61 355 161 Reduction of deferred tax asset from change in federal tax rate — — — 306 Other (8 ) 15 (23 ) 3 Income tax expense $ 301 $ 289 $ 905 $ 1,035 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 was administratively effective to the beginning of our fiscal year On July 1, 2018, the State of New Jersey's Assembly signed into law a new bill, effective January 1, 2018, that imposed a temporary surtax on corporations earning New Jersey allocated income in excess of $1 million. The surtax was set at a rate of 2.5% for tax years beginning on or after January 1, 2018 through December 31, 2019, and at a rate of 1.5% for years beginning on or after January 1, 2020, through December 31, 2021. Accordingly, the Company is using an 11.5% State tax rate for the calculation of its State income tax expense the three and nine months ended June 30, 2019. In addition, effective for periods on or after January 1, 2019, the State of New Jersey is adopting mandatory unitary combined reporting for its Corporation Business Tax. The change is not expected to have a material impact on the Company’s State income tax.

FINANCIAL INSTRUMENTS WITH OFF-

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK	9 Months Ended
	Jun. 30, 2019
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, 2019 and September 30, 2018, 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. June 30, September 30, 2019 2018 (In thousands) Financial instruments whose contract amounts represent credit risk Letters of credit $ 1,455 $ 1,939 Unused lines of credit 57,088 54,127 Fixed rate loan commitments 2,217 4,397 Variable rate loan commitments 16,908 12,523 Total $ 77,668 $ 72,986

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Schedule of earnings per share	Basic and diluted earnings per share for the three and nine months ended June 30, 2019 and 2018 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. Three Months Nine Months Ended June 30, Ended June 30, 2019 2018 2019 2018 (In thousands except for per share data) Income applicable to common shares $ 726 $ 599 $ 2,178 $ 1,324 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 $ 0.12 $ 0.10 $ 0.37 $ 0.23 Diluted earnings per share $ 0.12 $ 0.10 $ 0.37 $ 0.23

OTHER COMPREHENSIVE INCOME (Tab

OTHER COMPREHENSIVE INCOME (Tables)	9 Months Ended
	Jun. 30, 2019
Other comprehensive income (loss)
Schedule of components of other comprehensive income (loss) and the related income tax effects	The components of other comprehensive income and the related income tax effects are as follows: Three Months Ended June 30, 2019 2018 Tax Net of Tax Net of Before Tax Benefit Tax Before Tax Benefit Tax Amount (Expense) Amount Amount (Expense) Amount (In thousands) Unrealized holding gain (loss) arising during period on: Available-for-sale investments $ 239 $ (67 ) $ 172 $ (223 ) $ 115 $ (108 ) Less reclassification adjustments for: Net gains realized on securities available for sale (a) (b) (27 ) 8 (19 ) — — — Other comprehensive income (loss), net $ 212 $ (59 ) $ 153 $ (223 ) $ 115 $ (108 ) Nine Months Ended June 30, 2019 2018 Tax Net of Tax Net of Before Tax Benefit Tax Before Tax Benefit Tax Amount (Expense) Amount Amount (Expense) Amount (In thousands) Unrealized holding gain (loss) arising during period on: Available-for-sale investments $ 878 $ (246 ) $ 632 $ (469 ) $ 129 $ (340 ) 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) (59 ) 17 (42 ) (107 ) 33 (74 ) Other comprehensive income (loss), net $ 819 $ (229 ) $ 590 $ (472 ) $ 130 $ (342 ) (a) Realized gains on securities transactions included in gains on sales of investment securities in the accompanying Consolidated Statements of Operation. (b) Tax effect included in income tax expense in the accompanying Consolidated Statements of Operation.

FAIR VALUE DISCLOSURES (Tables)

FAIR VALUE DISCLOSURES (Tables)	9 Months Ended
	Jun. 30, 2019
Fair Value Disclosures [Abstract]
Schedule of assets measured at fair value on a recurring basis	The following tables provide 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, 2019 Total Level 1 Level 2 Level 3 (In thousands) Securities available for sale: Obligations of U.S. government agencies: Mortgage-backed securities - residential $ 1,968 $ — $ 1,968 $ — Obligations of U.S. government-sponsored enterprises: Mortgage-backed securities-residential 16,479 — 16,479 — Debt securities 2,494 — 2,494 — Total securities available for sale $ 20,941 $ — $ 20,941 $ — Fair Value at September 30, 2018 Total Level 1 Level 2 Level 3 (In thousands) Securities available for sale: Obligations of U.S. government agencies: Mortgage-backed securities - residential $ 1,495 $ — $ 1,495 $ — Obligations of U.S. government-sponsored enterprises: Mortgage-backed securities-residential 18,613 — 18,613 — Debt securities 2,361 — 2,361 — Total securities available for sale $ 22,469 $ — $ 22,469 $ —
Schedule of assets measured at fair value on a non-recurring basis	The following tables provide 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, 2019 and September 30, 2018. Fair Value at June 30, 2019 Total Level 1 Level 2 Level 3 (In thousands) Impaired loans $ 902 $ — $ — $ 902 Other real estate owned 7,534 — — 7,534 Total $ 8,436 $ — $ — $ 8,436 Fair Value at September 30, 2018 Total Level 1 Level 2 Level 3 (In thousands) Impaired loans $ 464 $ — $ — $ 464 Other real estate owned 8,586 — — 8,586 Total $ 9,050 $ — $ — $ 9,050
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	The following tables present 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, 2019 Estimate Techniques Unobservable Input Range (Weighted Average) Impaired loans $ 902 Appraisal of (1) Appraisal adjustments (2) -1.6% to -53.6% (-41.1%) Other real estate owned $ 7,534 Appraisal of (1) Liquidation expenses (2) -9.2% to -48.5% (-19.4%) Quantitative Information about Level 3 Fair Value Measurements (Dollars in thousands) Fair Value Valuation September 30, 2018 Estimate Techniques Unobservable Input Range (Weighted Average) Impaired loans $ 464 Appraisal of Appraisal adjustments (2) -10.2% to -32.0% (-21.3%) Other real estate owned $ 8,586 Appraisal of Liquidation expenses (2) -5.6% to -48.5% (-15.4%) (1) Fair value is generally determined through independent appraisals for the underlying collateral, which generally include various level 3 inputs which are not identifiable. (2) Appraisals may be adjusted 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	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) (In thousands) June 30, 2019 Financial instruments - assets Investment securities held to maturity $ 32,014 $ 31,771 $ — $ 31,771 $ — Loans 526,279 532,778 — — 532,778 Financial instruments - liabilities Certificates of deposit including retirement certificates 112,623 113,361 — 113,361 — Borrowings 50,389 50,676 — 50,676 — September 30, 2018 Financial instruments - assets Investment securities held to maturity $ 33,645 $ 32,151 $ — $ 32,151 $ — Loans 508,430 505,479 — — 505,479 Financial instruments - liabilities Certificates of deposit including retirement certificates 130,343 130,813 — 130,813 — Borrowings 35,524 34,863 — 34,863 —

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	9 Months Ended
	Jun. 30, 2019
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, 2019 and September 30, 2018: June 30, 2019 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (In thousands) Securities available for sale: Obligations of U.S. government agencies: Mortgage-backed securities - residential $ 1,918 $ 50 $ — $ 1,968 Obligations of U.S. government-sponsored enterprises: Mortgage-backed securities-residential 16,460 83 (64 ) 16,479 Debt securities 2,500 — (6 ) 2,494 Total securities available for sale $ 20,878 $ 133 $ (70 ) $ 20,941 September 30, 2018 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (In thousands) Securities available for sale: Obligations of U.S. government agencies: Mortgage backed securities - residential $ 1,463 $ 40 $ (8 ) $ 1,495 Obligations of U.S. government-sponsored enterprises: Mortgage-backed securities-residential 19,262 13 (662 ) 18,613 Debt securities 2,500 — (139 ) 2,361 Total securities available for sale $ 23,225 $ 53 $ (809 ) $ 22,469
Summary of maturities of the debt securities and mortgage-backed securities available for sale	The maturities of the debt securities and certain information regarding the mortgage-backed securities available for sale at June 30, 2019 are summarized in the following table: June 30, 2019 Amortized Fair Cost Value (In thousands) Due within 1 year $ — $ — Due after 1 but within 5 years 2,500 2,494 Due after 5 but within 10 years — — Due after 10 years — — Total debt securities 2,500 2,494 Mortgage-backed securities: Residential 18,378 18,447 Commercial — — Total $ 20,878 $ 20,941
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, 2019 and September 30, 2018: June 30, 2019 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (In thousands) Securities held to maturity: Obligations of U.S. government agencies: Mortgage-backed securities - residential $ 463 $ — $ (62 ) $ 401 Mortgage-backed securities - commercial 858 — (4 ) 854 Obligations of U.S. government-sponsored enterprises: Mortgage-backed-securities - residential 24,858 197 (85 ) 24,970 Debt securities 2,467 4 — 2,471 Private label mortgage-backed securities - residential 368 7 — 375 Corporate securities 3,000 — (300 ) 2,700 Total securities held to maturity $ 32,014 $ 208 $ (451 ) $ 31,771 September 30, 2018 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (In thousands) Securities held to maturity: Obligations of U.S. government agencies: Mortgage-backed securities - residential $ 568 $ — $ (93 ) $ 475 Mortgage-backed securities - commercial 904 — (9 ) 895 Obligations of U.S. government-sponsored enterprises: Mortgage backed securities - residential 26,316 4 (867 ) 25,453 Debt securities 2,464 — (142 ) 2,322 Private label mortgage-backed securities - residential 393 1 — 394 Corporate securities 3,000 — (388 ) 2,612 Total securities held to maturity $ 33,645 $ 5 $ (1,499 ) $ 32,151
Summary of maturities of the debt securities and mortgage-backed securities securities held to maturity	The maturities of the debt securities and certain information regarding the mortgage backed securities held to maturity at June 30, 2019 are summarized in the following table: June 30, 2019 Amortized Fair Cost Value (In thousands) Due within 1 year $ — $ — Due after 1 but within 5 years 1,499 1,500 Due after 5 but within 10 years 3,968 3,671 Due after 10 years — — Total debt securities 5,467 5,171 Mortgage-backed securities: Residential 25,689 25,746 Commercial 858 854 Total $ 32,014 $ 31,771

IMPAIRMENT OF INVESTMENT SECU_2

IMPAIRMENT OF INVESTMENT SECURITIES (Tables)	9 Months Ended
	Jun. 30, 2019
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, 2019 and September 30, 2018 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, 2019 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 $ — $ — $ 401 $ (62 ) $ 401 $ (62 ) Mortgage-backed securities - commercial 1 — — 854 (4 ) 854 (4 ) Obligations of U.S. government-sponsored enterprises: Mortgage-backed securities - residential 19 1,432 (3 ) 21,210 (146 ) 22,642 (149 ) Debt securities 1 — — 1,494 (6 ) 1,494 (6 ) Corporate securities 1 — — 2,700 (300 ) 2,700 (300 ) Total 24 $ 1,432 $ (3 ) $ 26,659 $ (518 ) $ 28,091 $ (521 ) September 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 $ 532 $ (8 ) $ 475 $ (93 ) $ 1,007 $ (101 ) Mortgage-backed securities - commercial 1 — — 895 (9 ) 895 (9 ) Obligations of U.S. government-sponsored enterprises: Mortgage-backed securities - residential 34 11,336 (312 ) 30,605 (1,217 ) 41,941 (1,529 ) Debt securities 4 — — 4,683 (281 ) 4,683 (281 ) Private label mortgage-backed securities residential 1 — — 104 — 104 — Corporate securities 1 — — 2,612 (388 ) 2,612 (388 ) Total 44 $ 11,868 $ (320 ) $ 39,374 $ (1,988 ) $ 51,242 $ (2,308 )

LOANS RECEIVABLE, NET AND REL_2

LOANS RECEIVABLE, NET AND RELATED ALLOWANCE FOR LOAN LOSSES (Tables)	9 Months Ended
	Jun. 30, 2019
Receivables [Abstract]
Schedule of loans receivable, net	Loans receivable, net were comprised of the following: June 30, September 30, 2019 2018 (In thousands) One-to four-family residential $ 191,248 $ 185,287 Commercial real estate 234,437 219,347 Construction 30,536 30,412 Home equity lines of credit 18,346 17,982 Commercial business 51,628 53,320 Other 4,629 6,150 Total loans receivable 530,824 512,498 Net deferred loan costs 148 132 Allowance for loan losses (4,693 ) (4,200 ) Total loans receivable, net $ 526,279 $ 508,430
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, 2019 and September 30, 2018: Impaired Loans with Impaired Loans with No Specific Specific Allowance Allowance Total Impaired Loans Unpaid Recorded Related Recorded Recorded Principal June 30, 2019 Investment Allowance Investment Investment Balance (In thousands) One-to four-family residential $ — $ — $ 1,339 $ 1,339 $ 1,339 Commercial real estate — — 4,355 4,355 4,355 Construction — — 2,900 2,900 2,900 Commercial business — — 482 482 482 Total impaired loans $ — $ — $ 9,076 $ 9,076 $ 9,076 Impaired Loans with Impaired Loans with No Specific Specific Allowance Allowance Total Impaired Loans Unpaid Recorded Related Recorded Recorded Principal September 30, 2018 Investment Allowance Investment Investment Balance (In thousands) One-to four-family residential $ — $ — $ 1,132 $ 1,132 $ 1,132 Commercial real estate — — 3,961 3,961 3,961 Home equity lines of credit — — 58 58 58 Commercial business — — 710 710 801 Total impaired loans $ — $ — $ 5,861 $ 5,861 $ 5,952
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, 2019 and 2018. Three Months Nine Months June 30, 2019 June 30, 2019 (In thousands) One-to four-family residential $ 1,344 $ 1,273 Commercial real estate 4,133 4,067 Construction 2,900 2,900 Home equity lines of credit 20 32 Commercial business 533 591 Average investment in impaired loans $ 8,930 $ 8,863 Three Months Nine Months June 30, 2018 June 30, 2018 (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
Schedule of loan portfolio summarized by Bank's internal risk rating system	The following tables present 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 (In thousands) June 30, 2019 One-to four-family residential $ 190,846 $ — $ 402 $ — $ 191,248 Commercial real estate 232,493 835 1,109 — 234,437 Construction 27,636 — 2,900 — 30,536 Home equity lines of credit 18,346 — — — 18,346 Commercial business 51,376 — 252 — 51,628 Other 4,629 — — — 4,629 Total $ 525,326 $ 835 $ 4,663 $ — $ 530,824 Special Pass Mention Substandard Doubtful Total (In thousands) September 30, 2018 One-to four-family residential $ 185,118 $ — $ 169 $ — $ 185,287 Commercial real estate 217,935 753 659 — 219,347 Construction 30,412 — — — 30,412 Home equity lines of credit 17,924 — 58 — 17,982 Commercial business 52,845 — 475 — 53,320 Other 6,150 — — — 6,150 Total $ 510,384 $ 753 $ 1,361 $ — $ 512,498
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 (In thousands) June 30, 2019 One-to four-family residential $ 191,210 $ — $ — $ 38 $ 38 $ 38 $ 191,248 Commercial real estate 231,116 1,682 719 920 3,321 920 234,437 Construction 27,636 — — 2,900 2,900 2,900 30,536 Home equity lines of credit 18,317 — 29 — 29 — 18,346 Commercial business 51,079 297 — 252 549 252 51,628 Other 4,629 — — — — — 4,629 Total $ 523,987 $ 1,979 $ 748 $ 4,110 $ 6,837 $ 4,110 $ 530,824 30-59 60-89 Days Days 90 Days + Total Non- Total Current Past Due Past Due Past Due Past Due Accrual Loans (In thousands) September 30, 2018 One-to four-family residential $ 185,132 $ 17 $ — $ 138 $ 155 $ 138 $ 185,287 Commercial real estate 218,892 — — 455 455 455 219,347 Construction 30,412 — — — — — 30,412 Home equity lines of credit 17,892 — — 90 90 90 17,982 Commercial business 52,845 252 — 223 475 223 53,320 Other 6,150 — — — — — 6,150 Total $ 511,323 $ 269 $ — $ 906 $ 1,175 $ 906 $ 512,498
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, 2019: One-to-Four Home Equity Family Commercial Lines of Commercial Residential Real Estate Construction Credit Business Other Unallocated Total (In thousands) Balance- September 30, 2018 $ 687 $ 1,540 $ 493 $ 109 $ 1,151 $ 25 $ 195 $ 4,200 Charge-offs — — — — — — — — Recoveries — — — 1 — — — 1 Provision (credit) 11 50 181 11 31 (21 ) (62 ) 201 Balance- December 31, 2018 $ 698 $ 1,590 $ 674 $ 121 $ 1,182 $ 4 $ 133 $ 4,402 Charge-offs — — — — — — — — Recoveries 92 — — — — — — 92 Provision (credit) (80 ) 95 142 17 (78 ) (1 ) 11 106 Balance- March 31, 2019 $ 710 $ 1,685 $ 816 $ 138 $ 1,104 $ 3 $ 144 $ 4,600 Charge-offs — (1 ) — — (100 ) — — (101 ) Recoveries — — — — — — — — Provision (credit) 3 219 (52 ) 1 26 1 (4 ) 194 Balance- June 30, 2019 $ 713 $ 1,903 $ 764 $ 139 $ 1,030 $ 4 $ 140 $ 4,693 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 (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 ) 257 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 tables summarize 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, 2019 and September 30, 2018: One-to-Four Home Equity Family Commercial Lines of Commercial Residential Real Estate Construction Credit Business Other Unallocated Total (In thousands) Allowance for Loan Losses: Balance - June 30, 2019 $ 713 $ 1,903 $ 764 $ 139 $ 1,030 $ 4 $ 140 $ 4,693 Individually evaluated for impairment — — — — — — — — Collectively evaluated for impairment 713 1,903 764 139 1,030 4 140 4,693 Loans receivable: Balance - June 30, 2019 $ 191,248 $ 234,437 $ 30,536 $ 18,346 $ 51,628 $ 4,629 $ — $ 530,824 Individually evaluated for impairment 1,339 4,355 2,900 — 482 — — 9,076 Collectively evaluated for impairment 189,909 230,082 27,636 18,346 51,146 4,629 — 521,748 One-to- Four Home Equity Family Commercial Lines of Commercial Residential Real Estate Construction Credit Business Other Unallocated Total (In thousands) Allowance for Loan Losses: Balance - September 30, 2018 $ 687 $ 1,540 $ 493 $ 109 $ 1,151 $ 25 $ 195 $ 4,200 Individually evaluated for impairment — — — — — — — — Collectively evaluated for impairment 687 1,540 493 109 1,151 25 195 4,200 Loans receivable: Balance - September 30, 2018 $ 185,287 $ 219,347 $ 30,412 $ 17,982 $ 53,320 $ 6,150 $ — $ 512,498 Individually evaluated for impairment 1,132 3,961 — 58 710 — — 5,861 Collectively evaluated for impairment 184,155 215,386 30,412 17,924 52,610 6,150 — 506,637
Schedule of troubled debt restructurings	The following table summarizes the TDRs for the nine months Nine Months Ended June 30, 2019 Number of Investment Before Investment After Loans TDR Modification TDR Modification (Dollars in thousands) One-to four-family residential 1 $ 260 $ 365 Total 1 $ 260 $ 365

DEPOSITS (Tables)

DEPOSITS (Tables)	9 Months Ended
	Jun. 30, 2019
Deposits [Abstract]
Schedule of deposits by type of account	A summary of deposits by type of account are summarized as follows: June 30, September 30, 2019 2018 (In thousands) Demand accounts $ 106,728 $ 104,745 Savings accounts 71,894 81,373 NOW accounts 39,988 46,336 Money market accounts 188,806 167,340 Certificates of deposit 95,748 112,014 Retirement certificates 16,875 18,329 Total deposits $ 520,039 $ 530,137

INCOME TAXES (Tables)

INCOME TAXES (Tables)	9 Months Ended
	Jun. 30, 2019
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, 2019 2018 2019 2018 (In thousands) Income tax expense at the statutory federal tax rate of 21% and 24% for the three and nine months ended June 30, 2019 and 2018, respectively $ 191 $ 213 $ 573 $ 565 State tax expense 118 61 355 161 Reduction of deferred tax asset from change in federal tax rate — — — 306 Other (8 ) 15 (23 ) 3 Income tax expense $ 301 $ 289 $ 905 $ 1,035

FINANCIAL INSTRUMENTS WITH OF_2

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK (Tables)	9 Months Ended
	Jun. 30, 2019
FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK [Abstract]
Schedule of fair value, off-balance sheet financial instruments	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. June 30, September 30, 2019 2018 (In thousands) Financial instruments whose contract amounts represent credit risk Letters of credit $ 1,455 $ 1,939 Unused lines of credit 57,088 54,127 Fixed rate loan commitments 2,217 4,397 Variable rate loan commitments 16,908 12,523 Total $ 77,668 $ 72,986

RECENT ACCOUNTING PRONOUNCEME_2

RECENT ACCOUNTING PRONOUNCEMENTS (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Dec. 31, 2017	Jun. 30, 2019	Jun. 30, 2018
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Reclassified mortgage-backed seurities	$ 12,600		$ 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, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Earnings Per Share [Abstract]
Income applicable to common shares	$ 726	$ 599	$ 2,178	$ 1,324
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	$ 0.12	$ 0.10	$ 0.37	$ 0.23
Diluted earnings per share	$ 0.12	$ 0.10	$ 0.37	$ 0.23

STOCK-BASED COMPENSATION AND _2

STOCK-BASED COMPENSATION AND STOCK REPURCHASE PROGRAM (Narrative) (Details) - USD ($)	9 Months Ended		140 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Sep. 30, 2018
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 makes 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 (5.50% at January 1, 2019) 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	5.50%		5.50%
Shares allocated	178,216		178,216
Suspense shares	39,647		39,647
Fair value of unallocated shares	$ 479,729		$ 479,729
ESOP compensation expense	$ 112,000	$ 118,000
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

OTHER COMPREHENSIVE INCOME (Sch

OTHER COMPREHENSIVE INCOME (Schedule of Components of Other Comprehensive Income and Related Income Tax Effects) (Details) - USD ($) $ in Thousands		3 Months Ended						9 Months Ended
		Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Jun. 30, 2019	Jun. 30, 2018
Other comprehensive income (loss)
Available-for-sale investments before tax		$ 239			$ (223)			$ 878	$ (469)
Tax benefit (expense)		(67)			115			(246)	129
Available-for-sale investments after tax		172			(108)			632	(340)
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 realized on available-for-sale investments before tax	[1],[2]	(27)						(59)	(107)
Tax (benefit) expense	[1],[2]	8						17	33
Reclassification adjustment for net gains realized on available-for-sale investments after tax	[1],[2]	(19)						(42)	(74)
Other comprehensive income (loss), net before tax		212			(223)			819	(472)
Tax benefit (expense), Total		(59)			115			(229)	130
Other comprehensive income (loss), net		$ 153	$ 191	$ 246	$ (108)	$ (441)	$ 19	$ 590	$ (342)
[1]	Realized gains on securities transactions included in gains on sales of investment securities in the accompanying Consolidated Statements of Operation.
[2]	Tax effect included in income tax expense in the accompanying Consolidated Statements of Operation.

FAIR VALUE DISCLOSURES (Narrati

FAIR VALUE DISCLOSURES (Narrative) (Details) - USD ($)	Sep. 30, 2019	Sep. 30, 2018
Fair Value Disclosures [Abstract]
Mortgage Servicing Rights	$ 33,000	$ 49,000

FAIR VALUE DISCLOSURES (Schedul

FAIR VALUE DISCLOSURES (Schedule of Assets Measured at Fair Value on a Recurring Basis) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Sep. 30, 2018
Fair value measured on recurring basis:
Securities available for sale	$ 20,941	$ 22,469
Obligations of U.S. government enterprises Mortgage-backed securities-residential [Member]
Fair value measured on recurring basis:
Securities available for sale	1,968	1,495
Obligations of U.S. government-sponsored enterprises Mortgage-backed securities-residential [Member]
Fair value measured on recurring basis:
Securities available for sale	16,479	18,613
Obligations of U.S. government-sponsored enterprises Debt securities [Member]
Fair value measured on recurring basis:
Securities available for sale	2,494	2,361
Fair Value, Measurements, Recurring [Member]
Fair value measured on recurring basis:
Securities available for sale	20,941	22,469
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	1,968	1,495
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	16,479	18,613
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	2,494	2,361
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 2 [Member]
Fair value measured on recurring basis:
Securities available for sale	20,941	22,469
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	1,968	1,495
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	16,479	18,613
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	2,494	2,361
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 DISCLOSURES (Sched_2

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, 2019	Sep. 30, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	$ 902	$ 464
Other real estate owned	7,534	8,586
Assets measured at fair value on a non-recurring basis	8,436	9,050
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	902	464
Other real estate owned	7,534	8,586
Assets measured at fair value on a non-recurring basis	$ 8,436	$ 9,050

FAIR VALUE DISCLOSURES (Sched_3

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, 2019	Sep. 30, 2018
Fair Value Measured on a Nonrecurring Basis [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value estimate		$ 8,436	$ 9,050
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		$ 902	$ 464
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		(1.60%)	(10.20%)
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		(53.60%)	(32.00%)
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		(41.10%)	(21.30%)
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		$ 7,534	$ 8,586
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		(9.20%)	(5.60%)
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		(48.50%)	(48.50%)
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		(19.40%)	(15.40%)
[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 (Sched_4

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, 2019	Sep. 30, 2018
Financial instruments - assets
Investment securities held to maturity	$ 32,014	$ 33,645
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	31,771	32,151
Loans
Financial instruments - liabilities
Certificates of deposit including retirement certificates	113,361	130,813
Borrowings	50,676	34,863
Fair Value, Inputs, Level 3 [Member]
Financial instruments - assets
Investment securities held to maturity
Loans	532,778	505,479
Financial instruments - liabilities
Certificates of deposit including retirement certificates
Borrowings
Carrying Value [Member]
Financial instruments - assets
Investment securities held to maturity	32,014	33,645
Loans	526,279	508,430
Financial instruments - liabilities
Certificates of deposit including retirement certificates	112,623	130,343
Borrowings	50,389	35,524
Fair Value [Member]
Financial instruments - assets
Investment securities held to maturity	31,771	32,151
Loans	532,778	505,479
Financial instruments - liabilities
Certificates of deposit including retirement certificates	113,361	130,813
Borrowings	$ 50,676	$ 34,863

INVESTMENT SECURITIES (Summary

INVESTMENT SECURITIES (Summary of Amortized Cost and Fair Values of Securities Available For Sale) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Sep. 30, 2018
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 20,878	$ 23,225
Gross Unrealized Gains	133	53
Gross Unrealized Losses	(70)	(809)
Fair Value	20,941	22,469
Obligations of U.S. government enterprises Mortgage-backed securities-residential [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	1,918	1,463
Gross Unrealized Gains	50	40
Gross Unrealized Losses		(8)
Fair Value	1,968	1,495
Obligations of U.S. government-sponsored enterprises Mortgage-backed securities-residential [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	16,460	19,262
Gross Unrealized Gains	83	13
Gross Unrealized Losses	(64)	(662)
Fair Value	16,479	18,613
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	(6)	(139)
Fair Value	$ 2,494	$ 2,361

INVESTMENT SECURITIES (Summar_2

INVESTMENT SECURITIES (Summary of Maturities of Debt Securities and Mortgage-backed Securities Available For Sale) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Sep. 30, 2018
Available for Sale Securities, Amortized Cost
Due within 1 year
Due after 1 but within 5 years	2,500
Due after 5 but within 10 years
Due after 10 years
Total debt securities	2,500
Mortgage Backed Securities, Residential	18,378
Mortgage Backed Securities, Commercial
Amortized Cost	20,878	$ 23,225
Available for Sale Securities, Fair Value
Due within 1 year
Due after 1 but within 5 years	2,494
Due after 5 but within 10 years
Due after 10 years
Total debt securities	2,494
Mortgage Backed Securities, Residential	18,447
Mortgage Backed Securities, Commercial
Fair Value	$ 20,941	$ 22,469

INVESTMENT SECURITIES (Summar_3

INVESTMENT SECURITIES (Summary of Maturities of Debt Securities and Mortgage-backed Securities Held to Maturity) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Sep. 30, 2018
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	$ 32,014	$ 33,645
Gross Unrealized Gains	208	5
Gross Unrealized Losses	(451)	(1,499)
Fair Value	31,771	32,151
Obligations of U.S. government agencies Mortgage backed securities - residential [Member]
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	463	568
Gross Unrealized Gains
Gross Unrealized Losses	(62)	(93)
Fair Value	401	475
Obligations of U.S. government agencies Mortgage backed securities -commercial [Member]
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	858	904
Gross Unrealized Gains
Gross Unrealized Losses	(4)	(9)
Fair Value	854	895
Obligations of U.S. government-sponsored enterprises Mortgage-backed securities-residential [Member]
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	24,858	26,316
Gross Unrealized Gains	197	4
Gross Unrealized Losses	(85)	(867)
Fair Value	24,970	25,453
Obligations of U.S. government-sponsored enterprises Debt securities [Member]
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	2,467	2,464
Gross Unrealized Gains	4
Gross Unrealized Losses		(142)
Fair Value	2,471	2,322
Private label mortgage-backed securities-residential [Member]
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	368	393
Gross Unrealized Gains	7	1
Gross Unrealized Losses
Fair Value	375	394
Corporate securities [Member]
Schedule of Held-to-maturity Securities [Line Items]
Amortized cost	3,000	3,000
Gross Unrealized Gains
Gross Unrealized Losses	(300)	(388)
Fair Value	$ 2,700	$ 2,612

INVESTMENT SECURITIES (Summar_4

INVESTMENT SECURITIES (Summary of Amortized Cost and Fair Values of Securities Held to Maturity) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Sep. 30, 2018
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	3,968
Due after 10 years
Total debt securities	5,467
Mortgage Backed Securities, Residential	25,689
Mortgage Backed Securities, Commercial	858
Amortized cost	32,014	$ 33,645
Held to Maturity Securities, Fair Value
Due within 1 year
Due after 1 but within 5 years	1,500
Due after 5 but within 10 years	3,671
Due after 10 years
Total debt securities	5,171
Mortgage Backed Securities, Residential	25,746
Mortgage Backed Securities, Commercial	854
Fair value	$ 31,771	$ 32,151

IMPAIRMENT OF INVESTMENT SECU_3

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, 2019USD ($)N	Sep. 30, 2018USD ($)N
Investment [Line Items]
Number of Securities | N	24	44
Less Than 12 Months, Fair Value	$ 1,432	$ 11,868
Less Than 12 Months, Unrealized Losses	(3)	(320)
12 Months Or Greater, Fair Value	26,659	39,374
12 Months Or Greater, Unrealized Losses	(518)	(1,988)
Total, Fair Value	28,091	51,242
Total, Unrealized Losses	$ (521)	$ (2,308)
Obligations of U.S. government agencies Mortgage backed securities - residential [Member]
Investment [Line Items]
Number of Securities | N	2	3
Less Than 12 Months, Fair Value		$ 532
Less Than 12 Months, Unrealized Losses		(8)
12 Months Or Greater, Fair Value	401	475
12 Months Or Greater, Unrealized Losses	(62)	(93)
Total, Fair Value	401	1,007
Total, Unrealized Losses	$ (62)	$ (101)
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
Less Than 12 Months, Unrealized Losses
12 Months Or Greater, Fair Value	854	895
12 Months Or Greater, Unrealized Losses	(4)	(9)
Total, Fair Value	854	895
Total, Unrealized Losses	$ (4)	$ (9)
Obligations of U.S. government-sponsored enterprises Mortgage-backed securities-residential [Member]
Investment [Line Items]
Number of Securities | N	19	34
Less Than 12 Months, Fair Value	$ 1,432	$ 11,336
Less Than 12 Months, Unrealized Losses	(3)	(312)
12 Months Or Greater, Fair Value	21,210	30,605
12 Months Or Greater, Unrealized Losses	(146)	(1,217)
Total, Fair Value	22,642	41,941
Total, Unrealized Losses	$ (149)	$ (1,529)
Obligations of U.S. government-sponsored enterprises Debt securities [Member]
Investment [Line Items]
Number of Securities | N	1	4
Less Than 12 Months, Fair Value
Less Than 12 Months, Unrealized Losses
12 Months Or Greater, Fair Value	1,494	4,683
12 Months Or Greater, Unrealized Losses	(6)	(281)
Total, Fair Value	1,494	4,683
Total, Unrealized Losses	$ (6)	$ (281)
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	2,700	2,612
12 Months Or Greater, Unrealized Losses	(300)	(388)
Total, Fair Value	2,700	2,612
Total, Unrealized Losses	$ (300)	$ (388)
Private label mortgage-backed securities-residential [Member]
Investment [Line Items]
Number of Securities | N		1
Less Than 12 Months, Fair Value
Less Than 12 Months, Unrealized Losses
12 Months Or Greater, Fair Value		104
12 Months Or Greater, Unrealized Losses
Total, Fair Value		104
Total, Unrealized Losses

LOANS RECEIVABLE, NET AND REL_3

LOANS RECEIVABLE, NET AND RELATED ALLOWANCE FOR LOAN LOSSES (Narrative) (Details) - USD ($) $ in Thousands	9 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Receivables [Abstract]
Average Recorded Investment	$ 8,900	$ 6,500
Interest income	$ 179	$ 180

LOANS RECEIVABLE, NET AND REL_4

LOANS RECEIVABLE, NET AND RELATED ALLOWANCE FOR LOAN LOSSES (Schedule of Loans Receivable, Net) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Sep. 30, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	$ 530,824	$ 512,498
Net deferred loan costs	148	132
Allowance for loan losses	(4,693)	(4,200)
Total loans receivable, net	526,279	508,430
One-to four-family residential [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	191,248	185,287
Allowance for loan losses	(713)	(687)
Commercial real estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	234,437	219,347
Allowance for loan losses	(1,903)	(1,540)
Construction [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	30,536	30,412
Allowance for loan losses	(764)	(493)
Home equity lines of credit [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	18,346	17,982
Allowance for loan losses	(139)	(109)
Commercial business [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	51,628	53,320
Allowance for loan losses	(1,030)	(1,151)
Other [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans receivable	4,629	6,150
Allowance for loan losses	$ (4)	$ (25)

LOANS RECEIVABLE, NET AND REL_5

LOANS RECEIVABLE, NET AND RELATED ALLOWANCE FOR LOAN LOSSES (Schedule of Impaired Loans by Class) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Sep. 30, 2018
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	9,076	5,861
Total Impaired Loans Recorded Investment	9,076	5,861
Total Impaired Loans Unpaid Principal Balance	9,076	5,952
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	1,339	1,132
Total Impaired Loans Recorded Investment	1,339	1,132
Total Impaired Loans Unpaid Principal Balance	1,339	1,132
Commercial real estate [Member]
Financing Receivable, Impaired [Line Items]
Recorded Investment Impaired Loans with Specific Allowance
Related Allowance Impaired Loans with Specific Allowance
Recorded Investment Impaired Loans with No Specific Allowance	4,355	3,961
Total Impaired Loans Recorded Investment	4,355	3,961
Total Impaired Loans Unpaid Principal Balance	4,355	3,961
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	2,900	58
Total Impaired Loans Recorded Investment	2,900	58
Total Impaired Loans Unpaid Principal Balance	2,900	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	482	710
Total Impaired Loans Recorded Investment	482	710
Total Impaired Loans Unpaid Principal Balance	$ 482	$ 801

LOANS RECEIVABLE, NET AND REL_6

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, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Financing Receivable, Impaired [Line Items]
Average investment in impaired loans			$ 8,900	$ 6,500
One-to four-family residential [Member]
Financing Receivable, Impaired [Line Items]
Average investment in impaired loans	$ 1,344	$ 1,878	1,273	2,360
Commercial real estate [Member]
Financing Receivable, Impaired [Line Items]
Average investment in impaired loans	4,133	3,661	4,067	3,771
Construction [Member]
Financing Receivable, Impaired [Line Items]
Average investment in impaired loans	2,900		2,900
Home equity lines of credit [Member]
Financing Receivable, Impaired [Line Items]
Average investment in impaired loans	20	29	32	15
Commercial business [Member]
Financing Receivable, Impaired [Line Items]
Average investment in impaired loans	533	361	591	332
Other [Member]
Financing Receivable, Impaired [Line Items]
Average investment in impaired loans	$ 8,930	$ 5,929	$ 8,863	$ 6,478

LOANS RECEIVABLE, NET AND REL_7

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, 2019	Sep. 30, 2018
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and Leases Receivable, Gross	$ 530,824	$ 512,498
Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and Leases Receivable, Gross	525,326	510,384
Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and Leases Receivable, Gross	835	753
Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and Leases Receivable, Gross	4,663	1,361
Doubtful [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and Leases Receivable, Gross
One-to four-family residential [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and Leases Receivable, Gross	191,248	185,287
One-to four-family residential [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and Leases Receivable, Gross	190,846	185,118
One-to four-family residential [Member] | Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and Leases Receivable, Gross
One-to four-family residential [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and Leases Receivable, Gross	402	169
One-to four-family residential [Member] | Doubtful [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and Leases Receivable, Gross
Commercial real estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and Leases Receivable, Gross	234,437	219,347
Commercial real estate [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and Leases Receivable, Gross	232,493	217,935
Commercial real estate [Member] | Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and Leases Receivable, Gross	835	753
Commercial real estate [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and Leases Receivable, Gross	1,109	659
Commercial real estate [Member] | Doubtful [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and Leases Receivable, Gross
Construction [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and Leases Receivable, Gross	30,536	30,412
Construction [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and Leases Receivable, Gross	27,636	30,412
Construction [Member] | Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and Leases Receivable, Gross
Construction [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and Leases Receivable, Gross	2,900
Construction [Member] | Doubtful [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and Leases Receivable, Gross
Home equity lines of credit [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and Leases Receivable, Gross	18,346	17,982
Home equity lines of credit [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and Leases Receivable, Gross	18,346	17,924
Home equity lines of credit [Member] | Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and Leases Receivable, Gross
Home equity lines of credit [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and Leases Receivable, Gross		58
Home equity lines of credit [Member] | Doubtful [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and Leases Receivable, Gross
Commercial business [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and Leases Receivable, Gross	51,628	53,320
Commercial business [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and Leases Receivable, Gross	51,376	52,845
Commercial business [Member] | Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and Leases Receivable, Gross
Commercial business [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and Leases Receivable, Gross	252	475
Commercial business [Member] | Doubtful [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and Leases Receivable, Gross
Other [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and Leases Receivable, Gross	4,629	6,150
Other [Member] | Pass [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and Leases Receivable, Gross	4,629	6,150
Other [Member] | Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and Leases Receivable, Gross
Other [Member] | Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and Leases Receivable, Gross
Other [Member] | Doubtful [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Loans and Leases Receivable, Gross

LOANS RECEIVABLE, NET AND REL_8

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, 2019	Sep. 30, 2018
Financing Receivable, Recorded Investment, Aging [Abstract]
Current	$ 523,987	$ 511,323
Total Past Due	6,837	1,175
Non - Accrual	4,110	906
Total loans receivable	530,824	512,498
One-to four-family residential [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Current	191,210	185,132
Total Past Due	38	155
Non - Accrual	38	138
Total loans receivable	191,248	185,287
Commercial real estate [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Current	231,116	218,892
Total Past Due	3,321	455
Non - Accrual	920	455
Total loans receivable	234,437	219,347
Construction [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Current	27,636	30,412
Total Past Due	2,900
Non - Accrual	2,900
Total loans receivable	30,536	30,412
Home equity lines of credit [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Current	18,317	17,892
Total Past Due	29	90
Non - Accrual		90
Total loans receivable	18,346	17,982
Commercial business [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Current	51,079	52,845
Total Past Due	549	475
Non - Accrual	252	223
Total loans receivable	51,628	53,320
Other [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Current	4,629	6,150
Total Past Due
Non - Accrual
Total loans receivable	4,629	6,150
30-59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Total Past Due	1,979	269
30-59 Days Past Due [Member] | One-to four-family residential [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Total Past Due		17
30-59 Days Past Due [Member] | Commercial real estate [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Total Past Due	1,682
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	297	252
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	748
60-89 Days Past Due [Member] | One-to four-family residential [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Total Past Due
60-89 Days Past Due [Member] | Commercial real estate [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Total Past Due	719
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	29
60-89 Days Past Due [Member] | Commercial business [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Total Past Due
60-89 Days Past Due [Member] | Other [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Total Past Due
90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Total Past Due	4,110	906
90 Days Past Due [Member] | One-to four-family residential [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Total Past Due	38	138
90 Days Past Due [Member] | Commercial real estate [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Total Past Due	920	455
90 Days Past Due [Member] | Construction [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Total Past Due	2,900
90 Days Past Due [Member] | Home equity lines of credit [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Total Past Due		90
90 Days Past Due [Member] | Commercial business [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Total Past Due	252	223
90 Days Past Due [Member] | Other [Member]
Financing Receivable, Recorded Investment, Aging [Abstract]
Total Past Due

LOANS RECEIVABLE, NET AND REL_9

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, 2019	Mar. 31, 2019	Dec. 31, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Jun. 30, 2019	Jun. 30, 2018
Activity in the allowance for loan losses by loan category:
Balance at beginning of period	$ 4,600	$ 4,402	$ 4,200	$ 3,769	$ 3,537	$ 3,475	$ 4,200	$ 3,475
Charge-offs	(101)			(64)	(25)	(297)
Recoveries		92	1	4		109
Provision	194	106	201	276	257	250	501	782
Balance at the end of period	4,693	4,600	4,402	3,985	3,769	3,537	4,693	3,985
One-to four-family residential [Member]
Activity in the allowance for loan losses by loan category:
Balance at beginning of period	710	698	687	533	563	587	687	587
Charge-offs				(61)	(25)	(127)
Recoveries		92		4		82
Provision	3	(80)	11	58	(5)	21
Balance at the end of period	713	710	698	534	533	563	713	534
Commercial real estate [Member]
Activity in the allowance for loan losses by loan category:
Balance at beginning of period	1,685	1,590	1,540	1,418	1,299	1,277	1,540	1,277
Charge-offs	(1)
Recoveries						23
Provision	219	95	50	70	119	(1)
Balance at the end of period	1,903	1,685	1,590	1,488	1,418	1,299	1,903	1,488
Construction [Member]
Activity in the allowance for loan losses by loan category:
Balance at beginning of period	816	674	493	442	384	490	493	490
Charge-offs
Recoveries						3
Provision	(52)	142	181	70	58	(109)
Balance at the end of period	764	816	674	512	442	384	764	512
Home equity lines of credit [Member]
Activity in the allowance for loan losses by loan category:
Balance at beginning of period	138	121	109	112	131	57	109	57
Charge-offs
Recoveries			1
Provision	1	17	11	4	(19)	74
Balance at the end of period	139	138	121	116	112	131	139	116
Commercial business [Member]
Activity in the allowance for loan losses by loan category:
Balance at beginning of period	1,104	1,182	1,151	1,158	1,052	956	1,151	956
Charge-offs	(100)					(170)
Recoveries						1
Provision	26	(78)	31	19	106	265
Balance at the end of period	1,030	1,104	1,182	1,177	1,158	1,052	1,030	1,177
Other [Member]
Activity in the allowance for loan losses by loan category:
Balance at beginning of period	3	4	25	4	4	6	25	6
Charge-offs				(3)
Recoveries
Provision	1	(1)	(21)	3		(2)
Balance at the end of period	4	3	4	4	4	4	4	4
Unallocated [Member]
Activity in the allowance for loan losses by loan category:
Balance at beginning of period	144	133	195	102	104	102	195	102
Charge-offs
Recoveries
Provision	(4)	11	(62)	52	(2)	2
Balance at the end of period	$ 140	$ 144	$ 133	$ 154	$ 102	$ 104	$ 140	$ 154

LOANS RECEIVABLE, NET AND RE_10

LOANS RECEIVABLE, NET AND RELATED ALLOWANCE FOR LOAN LOSSES (Schedule of ALL by Loan Category) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Sep. 30, 2018
Allowance for Loan Losses:
Balance - Allowance for loans losses	$ 4,693	$ 4,200
Individually evaluated for impairment
Collectively evaluated for impairment	4,693	4,200
Balance - Loans receivable	530,824	512,498
Loan balance individually evaluated for impairment	9,076	5,861
Loan balance collectively evaluated for impairment	521,748	506,637
One-to four-family residential [Member]
Allowance for Loan Losses:
Balance - Allowance for loans losses	713	687
Individually evaluated for impairment
Collectively evaluated for impairment	713	687
Balance - Loans receivable	191,248	185,287
Loan balance individually evaluated for impairment	1,339	1,132
Loan balance collectively evaluated for impairment	189,909	184,155
Commercial real estate [Member]
Allowance for Loan Losses:
Balance - Allowance for loans losses	1,903	1,540
Individually evaluated for impairment
Collectively evaluated for impairment	1,903	1,540
Balance - Loans receivable	234,437	219,347
Loan balance individually evaluated for impairment	4,355	3,961
Loan balance collectively evaluated for impairment	230,082	215,386
Construction [Member]
Allowance for Loan Losses:
Balance - Allowance for loans losses	764	493
Individually evaluated for impairment
Collectively evaluated for impairment	764	493
Balance - Loans receivable	30,536	30,412
Loan balance individually evaluated for impairment	2,900
Loan balance collectively evaluated for impairment	27,636	30,412
Home equity lines of credit [Member]
Allowance for Loan Losses:
Balance - Allowance for loans losses	139	109
Individually evaluated for impairment
Collectively evaluated for impairment	139	109
Balance - Loans receivable	18,346	17,982
Loan balance individually evaluated for impairment		58
Loan balance collectively evaluated for impairment	18,346	17,924
Commercial business [Member]
Allowance for Loan Losses:
Balance - Allowance for loans losses	1,030	1,151
Individually evaluated for impairment
Collectively evaluated for impairment	1,030	1,151
Balance - Loans receivable	51,628	53,320
Loan balance individually evaluated for impairment	482	710
Loan balance collectively evaluated for impairment	51,146	52,610
Other [Member]
Allowance for Loan Losses:
Balance - Allowance for loans losses	4	25
Individually evaluated for impairment
Collectively evaluated for impairment	4	25
Balance - Loans receivable	4,629	6,150
Loan balance individually evaluated for impairment
Loan balance collectively evaluated for impairment	4,629	6,150
Unallocated [Member]
Allowance for Loan Losses:
Balance - Allowance for loans losses	140	195
Individually evaluated for impairment
Collectively evaluated for impairment	140	195
Balance - Loans receivable
Loan balance individually evaluated for impairment
Loan balance collectively evaluated for impairment

LOANS RECEIVABLE, NET (Schedule

LOANS RECEIVABLE, NET (Schedule of Troubled Debt Restructuring) (Details) $ in Thousands	9 Months Ended
	Jun. 30, 2019USD ($)N
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Loans | N	1
Investment Before TDR Modification	$ 260
Investment After TDR Modification	$ 365
One-to four-family residential [Member]
Financing Receivable, Troubled Debt Restructuring [Line Items]
Number of Loans | N	1
Investment Before TDR Modification	$ 260
Investment After TDR Modification	$ 365

DEPOSITS (Schedule of Deposits

DEPOSITS (Schedule of Deposits by Type of Account) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Sep. 30, 2018
Deposits [Abstract]
Demand accounts	$ 106,728	$ 104,745
Savings accounts	71,894	81,373
NOW accounts	39,988	46,336
Money market accounts	188,806	167,340
Certificates of deposit	95,748	112,014
Retirement certificates	16,875	18,329
Total deposits	$ 520,039	$ 530,137

INCOME TAXES (Narrative) (Detai

INCOME TAXES (Narrative) (Details) - USD ($) $ in Thousands	1 Months Ended		3 Months Ended		9 Months Ended		24 Months Ended
	Jul. 31, 2018	Dec. 22, 2017	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2021	Dec. 31, 2019
Income Tax Contingency [Line Items]
Statutory federal tax rate			21.00%	24.00%	21.00%	24.00%
Change in income tax expense						$ 306
Allocated income in excess in income taxes	$ 1,000
State tax rate			11.50%		11.50%
Minimum [Member]
Income Tax Contingency [Line Items]
Change in federal corporate tax rate		21.00%
Maximum [Member]
Income Tax Contingency [Line Items]
Change in federal corporate tax rate		34.00%
Subsequent Event [Member]
Income Tax Contingency [Line Items]
State tax rate							1.50%	2.50%

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, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Income Tax Disclosure [Abstract]
Statutory federal tax rate (as a percent)	21.00%	24.00%	21.00%	24.00%
Income tax expense at the statutory federal tax rate of 21% and 24% for the three and nine months ended June 30, 2019 and 2018, respectively	$ 191	$ 213	$ 573	$ 565
State tax expense	118	61	355	161
Reduction of deferred tax asset from change in federal tax rate				306
Other	(8)	15	(23)	3
Income tax expense	$ 301	$ 289	$ 905	$ 1,035

FINANCIAL INSTRUMENTS WITH OF_3

FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK (Schedule of Financial Instruments Whose Contract Amounts Representing Credit Risk) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Sep. 30, 2018
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments - contract amounts	$ 77,668	$ 72,986
Letters of credit [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments - contract amounts	1,455	1,939
Unused lines of credit [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments - contract amounts	57,088	54,127
Fixed rate loan commitments [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments - contract amounts	2,217	4,397
Variable rate loan commitments [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Financial instruments - contract amounts	$ 16,908	$ 12,523