Magyar Bancorp (MGYR) 10-K 19 Dec 24 2024 FY Annual report Financial data

Cover

Cover - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2024	Dec. 15, 2024	Mar. 31, 2024
Document Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Transition Report	false
Document Financial Statement Error Correction [Flag]	false
Entity Interactive Data Current	Yes
ICFR Auditor Attestation Flag	false
Amendment Flag	false
Document Period End Date	Sep. 30, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	FY
Entity Information [Line Items]
Entity Registrant Name	Magyar Bancorp, Inc.
Entity Central Index Key	0001337068
Entity File Number	000-51726
Entity Tax Identification Number	20-4154978
Entity Incorporation, State or Country Code	DE
Current Fiscal Year End Date	--09-30
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Public Float			$ 72
Entity Contact Personnel [Line Items]
Entity Address, Address Line One	400 Somerset Street
Entity Address, City or Town	New Brunswick
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	08901
Entity Phone Fax Numbers [Line Items]
City Area Code	(732)
Local Phone Number	342-7600
Entity Listings [Line Items]
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	MGYR
Security Exchange Name	NASDAQ
Entity Common Stock, Shares Outstanding		6,477,621

Audit Information

Audit Information	12 Months Ended
	Sep. 30, 2024
Auditor [Table]
Auditor Name	S.R. Snodgrass, P.C.
Auditor Firm ID	74
Auditor Location	Cranberry Township, Pennsylvania

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2023
Assets
Cash and due from banks	$ 1,577	$ 3,179
Interest earning deposits with banks	24,019	69,353
Total cash and cash equivalents	25,596	72,532
Investment securities - available for sale, at fair value	15,616	10,125
Investment securities - held to maturity, at amortized cost (fair value of $72,617 and $73,728 at September 30, 2024 and 2023, respectively)	79,816	85,835
Federal Home Loan Bank of New York stock, at cost	2,349	2,286
Loans receivable	780,162	697,400
Allowance for credit losses-loans	(7,548)	(8,330)
Bank owned life insurance	23,342	18,030
Accrued interest receivable	5,056	4,337
Premises and equipment, net	12,545	13,339
Other real estate owned ("OREO")	3,725	328
Other assets	11,259	11,410
Total assets	951,918	907,292
Liabilities
Deposits	796,674	755,453
Escrowed funds	4,310	3,494
Borrowings	28,568	29,515
Accrued interest payable	891	443
Accounts payable and other liabilities	10,927	13,597
Total liabilities	841,370	802,502
Stockholders' equity
Preferred stock: $.01 Par Value, 500,000 shares authorized; at September 30, 2024 and 2023, none issued
Common stock: $.01 Par Value, 14,000,000 shares authorized; 7,097,825 shares issued; 6,509,358 and 6,674,184 shares outstanding at September 30, 2024 and 2023, respectively, at cost	71	71
Additional paid-in capital	63,085	62,801
Treasury stock: 588,467 and 423,641 shares at September 30, 2024 and 2023, respectively, at cost	(7,364)	(5,362)
Unearned Employee Stock Ownership Plan shares	(2,972)	(3,097)
Retained earnings	58,644	52,166
Accumulated other comprehensive loss	(916)	(1,789)
Total stockholders' equity	110,548	104,790
Total liabilities and stockholders' equity	$ 951,918	$ 907,292

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2023
Statement of Financial Position [Abstract]
Fair value of investment securities - held to maturity (in Dollars)	$ 72,617	$ 73,728
Preferred stock, par value (in Dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	500,000	500,000
Preferred stock, shares issued
Common stock, par value (in Dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	14,000,000	14,000,000
Common stock, shares issued	7,097,825	7,097,825
Common stock, shares outstanding	6,509,358	6,674,184
Treasury stock, shares at cost	588,467	423,641

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Interest and dividend income
Loans, including fees	$ 43,106	$ 35,229
Investment securities and interest earning deposits
Taxable	5,187	2,642
Tax-exempt	58	58
Federal Home Loan Bank of New York stock	220	139
Total interest and dividend income	48,571	38,068
Interest expense
Deposits	19,725	9,488
Borrowings	872	846
Total interest expense	20,597	10,334
Net interest and dividend income	27,974	27,734
Provision for credit losses-loans	182	381
Recovery of credit losses-unfunded commitments	(92)
Total provision for credit losses	90	381
provision for credit losses	27,884	27,353
Other income
Service charges	1,135	1,592
Income on bank owned life insurance	433	370
Interest rate swap fees		57
Other operating income	81	89
Gains on premises and equipment	60	9
Gains on SBA loans	599	565
Gains on OREO	1,305
Total other income	3,613	2,682
Other expenses
Compensation and employee benefits	11,823	11,134
Occupancy expenses	3,275	3,187
Professional fees	794	755
Director fees and benefits	789	784
Data processing expenses	542	579
Marketing and business development	402	366
FDIC deposit insurance premiums	421	340
Other expenses	2,351	2,149
Total other expenses	20,397	19,294
Income before income tax expense	11,100	10,741
Income tax expense	3,317	3,032
Net income	$ 7,783	$ 7,709
Earnings per share - basic (in Dollars per share)	$ 1.23	$ 1.2
Earnings per share - diluted (in Dollars per share)	$ 1.23	$ 1.2
Weighted average shares outstanding - basic (in Shares)	6,341,610	6,424,796
Weighted average shares outstanding - diluted (in Shares)	6,341,610	6,424,796

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 7,783	$ 7,709
Other comprehensive income
Unrealized gain (loss) on securities available for sale	834	(47)
Defined benefit pension plan gain	350	516
Other comprehensive income, before tax	1,184	469
Deferred income tax effect	(311)	(144)
Total other comprehensive income	873	325
Total comprehensive income	$ 8,656	$ 8,034

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands	Common Stock	Additional Paid-In Capital	Treasury Stock	Unearned ESOP Shares	Retained Earnings	Accumulated Other Comprehensive Loss	Total
Balance at Sep. 30, 2022	$ 71	$ 63,734	$ (5,793)	$ (3,169)	$ 45,773	$ (2,114)	$ 98,502
Balance (in Shares) at Sep. 30, 2022	6,745,128
Net income					7,709		7,709
Dividends paid on common stock					(1,315)		(1,315)
Other comprehensive income						325	325
Treasury stock used for restricted stock plan		(405)	406		(1)
Treasury stock used for restricted stock plan (in Shares)	32,080
ESOP shares allocated		50		72			122
Retirement of 112,996 treasury shares		(1,242)	1,242
Purchase of treasury stock			(1,217)				(1,217)
Purchase of treasury stock (in Shares)	(103,024)
Stock-based compensation expense		664					664
Balance at Sep. 30, 2023	$ 71	62,801	(5,362)	(3,097)	52,166	(1,789)	104,790
Balance (in Shares) at Sep. 30, 2023	6,674,184
Net income					7,783		7,783
Dividends paid on common stock					(1,679)		(1,679)
Effect of adopting ASU 2016-13					354		354
Other comprehensive income						873	873
Treasury stock used for restricted stock plan		(392)	372		20
Treasury stock used for restricted stock plan (in Shares)	31,080
ESOP shares allocated		30		125			155
Purchase of treasury stock			(2,374)				(2,374)
Purchase of treasury stock (in Shares)	(195,906)
Stock-based compensation expense		646					646
Balance at Sep. 30, 2024	$ 71	$ 63,085	$ (7,364)	$ (2,972)	$ 58,644	$ (916)	$ 110,548
Balance (in Shares) at Sep. 30, 2024	6,509,358

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Stockholders' Equity (Parentheticals) - $ / shares	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Statement of Stockholders' Equity [Abstract]
Dividends paid	$ 0.26	$ 0.2
Retirement of treasury shares (in Shares)		112,996

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Operating activities
Net income	$ 7,783	$ 7,709
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation expense	890	840
Premium amortization on investment securities, net	63	137
Provision for credit losses	90	381
Originations of SBA loans held for sale	(6,446)	(6,494)
Proceeds from the sales of SBA loans	7,045	7,059
Gains on sale of SBA loans	(599)	(565)
Gains on other real estate owned	(1,305)
Gains on the sale of premises and equipment	(60)	(9)
ESOP compensation expense	155	122
Stock-based compensation expense	646	664
Deferred income tax expense (benefit)	33	(615)
Increase in accrued interest receivable	(719)	(859)
Income on bank owned life insurance	(433)	(370)
Decrease (increase) in other assets	1,397	(795)
Increase in accrued interest payable	448	358
(Decrease) increase in accounts payable and other liabilities	(2,670)	921
Net cash provided by operating activities	6,318	8,484
Investing activities
Net increase in loans receivable	(86,668)	(56,258)
Purchases of loans receivable	(1,000)	(13,350)
Purchases of investment securities held-to-maturity	(6,528)	(4,587)
Purchases of investment securities available-for-sale	(5,953)	(1,965)
Principal repayments on investment securities held-to-maturity	12,487	10,313
Principal repayments on investment securities available-for-sale	1,293	970
Purchase of bank owned life insurance	(6,550)
Redemption of bank owned life insurance	1,672
Purchases of premises and equipment, net	(812)	(309)
Proceeds from the sale of premises and equipments	776	19
Investment in other real estate owned		(47)
Proceeds from the sale of other real estate owned	1,056
Purchase of Federal Home Loan Bank stock	(286)	(5,820)
Redemption of Federal Home Loan Bank stock	222	4,981
Net cash used in investing activities	(90,291)	(66,053)
Financing activities
Net increase in deposits	41,221	87,720
Net increase in escrowed funds	816	87
Proceeds from long-term advances	3,437	18,631
Repayments of long-term advances	(4,384)	(4,741)
Cash dividends paid on common stock	(1,679)	(1,315)
Purchase of treasury stock	(2,374)	(1,217)
Net cash provided by financing activities	37,037	99,165
Net (decrease) increase in cash and cash equivalents	(46,936)	41,596
Cash and cash equivalents, beginning of year	72,532	30,936
Cash and cash equivalents, end of year	25,596	72,532
Cash paid for
Interest	20,148	9,977
Income taxes	2,870	3,255
Non-cash operating activities
Real estate acquired in full satisfaction of loans in foreclosure	4,388
Adoption of ASU 2016-13	354
Change in fair value of swap asset/liability	$ (1,173)	$ 92

ORGANIZATION

ORGANIZATION	12 Months Ended
	Sep. 30, 2024
ORGANIZATION [Abstract]
ORGANIZATION	NOTE A - ORGANIZATION The Company is a Delaware-chartered bank holding company. The Company owns 100% of the outstanding common stock of Magyar Bank (the “Bank”), a New Jersey-chartered stock savings bank. The Bank offers consumer and commercial banking services to individuals, businesses, and nonprofit organizations throughout the central New Jersey area through its administrative office in New Brunswick, New Jersey and seven full-service branch offices in Middlesex and Somerset Counties in New Jersey. The Company is subject to regulation and supervision by the Board of Governors of the Federal Reserve System. The Bank is supervised and regulated by the Federal Deposit Insurance Corporation (the “FDIC”) and the New Jersey Department of Banking and Insurance (“NJDBI”). Magyar Investment Company, a New Jersey investment corporation subsidiary of the Bank, was formed on August 15, 2006 for the purpose of buying, selling and holding investment securities. Magyar Service Corporation, a New Jersey corporation, is a wholly owned, non-bank subsidiary of the Bank. Magyar Service Corporation, which also operates under the name Magyar Financial Services, receives commissions from annuity and life insurance sales referred to a licensed, non-bank financial planner. Hungaria Urban Renewal, LLC is a Delaware limited-liability corporation established in 2002 as a qualified intermediary operating for the purpose of acquiring and developing the Bank’s new main office. The Bank owns a 100% interest in Hungaria Urban Renewal, LLC, which has no other business other than owning the Bank’s main office site.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Sep. 30, 2024
Summary of Significant Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES 1. Basis of Financial Statement Presentation The accounting and reporting policies of the Company conform to accounting principles generally accepted in the United States of America (“US GAAP”) and predominant practices within the banking industry. The consolidated financial statements include the accounts of the Company and its wholly owned subsidiary, the Bank, and its wholly-owned subsidiaries Magyar Investment Company, Magyar Service Corporation, and Hungaria Urban Renewal, LLC. All intercompany balances and transactions have been eliminated in the consolidated financial statements. The Company has evaluated subsequent events and transactions occurring subsequent to the consolidated balance sheet date of September 30, 2024, 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 available to be issued. In preparing financial statements in conformity with US GAAP, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The principal estimates that are particularly susceptible to significant change in the near term relate to the allowance for credit losses and the deferred tax asset. The evaluation of the adequacy of the allowance for loan losses includes an analysis of the individual loans and overall risk characteristics and size of the different loan portfolios, and takes into consideration current economic and market conditions, the capability of specific borrowers to pay specific loan obligations, as well as current loan collateral values. However, actual losses on specific loans, which also are encompassed in the analysis, may vary from estimated losses. 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 effect on deferred tax assets and liabilities of a change in tax rates is recognized in income tax expense in the period of enactment. The valuation allowance is adjusted, by a charge or credit to income tax expense, as changes in facts and circumstances warrant. 2. Cash and Cash Equivalents For purposes of reporting cash flows, cash and cash equivalents include cash on hand, amounts due from banks, time deposits with original maturities less than three months and overnight deposits. 3. Investment Securities and Allowance for Credit Losses The Company classifies its investment securities into one of two portfolios: held to maturity or available for sale. Investments in debt securities that the Company has the positive intent and ability to hold to maturity are classified as held to maturity securities and reported at amortized cost. Debt securities not classified as held to maturity securities are classified as available for sale securities and reported at fair value, with unrealized holding gains or losses, net of deferred income taxes, reported in the accumulated other comprehensive income (“AOCI”) component of stockholders’ equity. Equity securities, with certain exceptions, are measured at fair value with changes in fair value recognized in net income. If the fair value of a security is less than its amortized cost, the security is deemed to be impaired. Management evaluates all securities with unrealized losses quarterly to determine if such impairments are “temporary” or “other-than-temporary” in accordance with applicable accounting guidance. The Company accounts for temporary impairments based upon security classification as either available for sale or held to maturity. Temporary impairments on “available for sale” securities are recognized, on a tax-effected basis, through AOCI with offsetting entries adjusting the carrying value of the security and the balance of deferred taxes. Conversely, the Company does not adjust the carrying value of “held to maturity” securities for temporary impairments, although information concerning the amount and duration of impairments on held to maturity securities is generally disclosed in periodic consolidated financial statements. The Company accounts for other-than-temporary impairments based upon several considerations. First, other-than-temporary impairments on securities that the Company has decided to sell as of the close of a fiscal period, or will, more likely than not, be required to sell prior to the full recovery of their fair value to a level equal to their amortized cost, are recognized in operations. If neither of these criteria apply, then the other-than-temporary impairment is separated into credit-related and noncredit-related components. The credit-related impairment generally represents the amount by which the present value of the cash flows that are expected to be collected on an other-than-temporarily impaired security fall below its amortized cost while the noncredit-related component represents the remaining portion of the impairment not otherwise designated as credit-related. The Company recognizes credit-related, other-than-temporary impairments in earnings, while noncredit-related, other-than-temporary impairments on debt securities are recognized, net of deferred taxes, in AOCI. Premiums and discounts on all securities are amortized or accreted to maturity by use of the level-yield method considering the impact of principal amortization and prepayments on mortgage-backed securities. Gain or loss on sales of securities is recognized on the specific identification method. Allowance for Credit Losses on Held-to-Maturity Securities The Company accounts for its held-to-maturity securities in accordance with Accounting Standards Codification 326-20, Financial Instruments – Credit Loss – Measured at Amortized Cost The Company classifies its held-to-maturity debt securities into the following major security types: obligations of U.S. government agencies, obligations of U.S. government-sponsored enterprises, private label mortgage-backed securities, obligations of state and political subdivisions and corporate securities. Credit ratings of held-to-maturity debt securities, which are a significant input in calculating the expected credit loss, are reviewed on a quarterly basis. Based on the credit ratings of our held-to-maturity securities and our historical experience of no losses, the Company determined that the expected credit losses on its held-to-maturity portfolio is not significant. Accrued interest receivable on held-to-maturity securities totaled $225 thousand as of September 30, 2024 and is included within accrued interest receivable on the Company’s Consolidated Balance Sheets. This amount is excluded from the estimate of expected credit losses. Generally, held-to-maturity securities are classified as nonaccrual when the contractual payment of principal or interest has become 90 days past due or management has serious doubts about the further collectability of principal or interest. When held-to-maturity securities are placed on nonaccrual status, unpaid interest credited to income is reversed against interest income. Allowance for Credit Losses on Available-for-Sale Securities The Company measures expected credit losses on available-for-sale securities when the Bank intends to sell, or when it is not more likely than not that it will be required to sell, the security before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the amortized cost basis of the security is written down to fair value through income. For available-for-sale securities that do not meet the previously mentioned criteria, the Company evaluates whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, the Company considers the extent to which fair value is less than amortized cost, any changes to the rating of the security by a rating agency, and adverse conditions specifically related to the security, among other factors. If this evaluation indicates that a credit loss exists, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an allowance for credit losses is recorded for the credit loss, equal to the amount that the fair value is less than the amortized cost basis. Any impairment that has not been recorded through an allowance for credit losses is recognized in other comprehensive income. The allowance for credit loss on available-for-sale securities is included within the recorded balance of securities available-for-sale on the Consolidated Balance Sheets. Changes in the allowance for credit losses are recorded within provision for credit losses on the Consolidated Statements of Income. Losses are charged against the allowance when the Company believes the collectability of an available-for-sale security is in jeopardy or when either of the criteria regarding intent or requirement to sell is met. Accrued interest receivable on available-for-sale securities totaled $162 thousand as of September 30, 2024 and is included within accrued interest receivable on the Company’s Consolidated Balance Sheets. This amount is excluded from the estimate of expected credit losses. Generally, available-for-sale securities are classified as nonaccrual when the contractual payment of principal or interest has become 90 days past due or management has serious doubts about the further collectability of principal or interest. When available-for-sale securities are placed on nonaccrual status, unpaid interest credited to income is reversed against interest income. 4. Regulatory Stock, at Cost Federal law requires a member institution of the Federal Home Loan Bank (“FHLB”) system to purchase and hold restricted stock of its district FHLB according to a predetermined formula. The Company invests in Federal Home Loan Bank of New York stock as required to support borrowing activities, as detailed in Note J to these consolidated financial statements. Although FHLB stock is an equity interest in a FHLB, it does not have a readily determinable fair value because its ownership is restricted and it lacks a market. FHLB stock can be sold back only at its par value of $100 per share and only to the FHLBs or to another member institution. Accordingly, the FHLB restricted stock is carried at cost, less any applicable impairment charges. 5. Loans and Allowance for Credit Losses Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are stated at the amount of unpaid principal, adjusted for net deferred loan fees and costs, and reduced by an allowance for credit losses. Interest on loans is accrued and credited to operations based upon the principal amounts outstanding. The allowance for credit losses is established through a provision for possible loan losses charged to operations. Loans are charged against the allowance for credit losses when management believes that the collectability of the principal is unlikely. Income recognition of interest is discontinued when, in the opinion of management, the collectability of such interest becomes doubtful. A loan is generally classified as non-accrual when the scheduled payment(s) due on the loan is delinquent for more than 90 days. When a loan is placed on non-accrual, all previously accrued and unpaid interest is reversed. Loan origination fees and certain direct origination costs are deferred and amortized over the life of the related loans as an adjustment to the yield on loans receivable using the effective interest method. Allowance for Credit Losses on Loans The Company maintains its allowance for credit loss on loans (“ACL”) at a level that management believes to be appropriate to absorb estimated credit losses as of the date of the Consolidated Balance Sheet. The Company established its allowance in accordance with the guidance included in Accounting Standards Codification 326, Financial Instruments – Credit Losses Historical credit loss experience is the basis for the estimate of expected credit losses. We apply our historical loss rates to pools of loans with similar risk characteristics using the Weighted-Average Remaining Maturity (“WARM”) method. The remaining contractual life of the pools of loans with similar risk characteristics is adjusted by expected scheduled payments and prepayments. After consideration of the historical loss calculation, management applies qualitative adjustments to reflect qualitative changes not already reflected in the historical loss information. Our reasonable and supportable forecast adjustment is based on a regional economic indicator obtained from the United States Government Publishing Office. The Company selected eight qualitative metrics which were correlated with the Bank and its peer group’s historical loss patterns. The eight qualitative metrics include: changes in lending policies and procedures, changes in national and local economic conditions as well as business conditions, changes in the nature, complexity, and volume of the portfolio, changes in the experience, ability, and depth of lenders and lending management, changes in the volume and severity of past due and classified loans, changes in the value of collateral securing loans, changes in or the existence of credit concentrations, and changes in the legal and/or regulatory landscape. The adjustments are weighted for relevance before applying to each pool of loans. Each quarter, management reviews the recommended adjustment factors and applies any additional adjustments based on current conditions. The ACL for individual loans begins with the use of normal credit review procedures to identify whether a loan no longer shares similar risk characteristics with other pooled loans and, therefore, should be individually assessed. We individually evaluate loans that meet the following criteria: (1) when it is determined that foreclosure is probable, (2) substandard, doubtful and nonperforming loans when repayment is expected to be provided substantially through the operation or sale of the collateral, or (3) when it is determined by management that a loan does not share similar risk characteristics with other loans. Credit loss estimates are calculated based on the following three acceptable methods for measuring the ACL: (1) the present value of expected future cash flows discounted at the loan’s original effective interest rate; (2) the loan’s observable market price; or (3) the fair value of the collateral when the loan is collateral dependent. Our individual loan evaluations consist primarily of the fair value of collateral method because most of our loans are collateral dependent. Collateral values are reduced to consider expected disposition costs when appropriate. A charge-off is recorded when the estimated fair value of the loan is less than the loan balance. The Company has elected to exclude $4.6 million of accrued interest receivable on loans as of September 30, 2024 from the measurement of its ACL. When a loan is placed on non-accrual status, any outstanding accrued interest is reversed against interest income. Accrued interest on loans is reported in the accrued interest receivable line on the Consolidated Statements of Balance Sheet. Allowance for Credit Losses on Unfunded Loan Commitments The Company estimates expected credit losses over the contractual period in which the Bank is exposed to credit risk via a contractual obligation to extend credit unless that obligation is unconditionally cancellable by the Bank. The allowance for credit losses on unfunded loan commitments is included in accounts payable and other liabilities in the Company’s Consolidated Balance Sheets and is adjusted through credit loss expense. The estimate includes consideration of the likelihood that funding will occur, the amount of funding that will occur and an estimate of expected credit losses on commitments expected to be funded over its estimated life. 6. Premises and Equipment Premises and equipment are carried at cost less accumulated depreciation, and include capitalized expenditures for new facilities, major betterments and renewals. Expenditures for maintenance and repairs are charged to expense as incurred. Depreciation is computed using the straight-line method based upon the estimated useful lives of the related assets for financial reporting purposes and using the mandated methods by asset type for income tax purposes. Leasehold improvements are depreciated using the straight-line method based upon the initial term of the lease. The Company accounts for the impairment of long-lived assets in accordance with US GAAP, which requires recognition and measurement for the impairment of long-lived assets to be held and used or to be disposed of by sale. The Company had no impaired long-lived assets at September 30, 2024 and 2023. 7. Revenue Recognition The Company recognizes revenue in the Consolidated Statements of Income as it is earned and when collectability is reasonably assured. The primary source of revenue is interest income from interest earning assets, which is recognized on the accrual basis of accounting using the effective interest method. The recognition of revenues from interest earning assets is based upon formulas from underlying loan agreements, securities contracts, or other similar contracts. Non-interest income is recognized on the accrual basis of accounting as services are provided or as transactions occur. Non-interest income includes earnings on bank-owned life insurance, deposit accounts, merchant services, ATM and debit card fees, mortgage banking activities, commercial loan prepayment penalties and other miscellaneous services and transactions. The Company’s contracts with customers in the scope of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 606, “ Revenue from Contracts with Customers Revenue from contracts with customers included in service charges was $1.1 million and $1.6 million for the years ended September 30, 2024 and 2023, respectively. Revenue from contracts with customers included in other operating income was $81 thousand and $89 thousand for the years ended September 30, 2024 and 2023, respectively. For our contracts with customers, we satisfy our performance obligations each day as services are rendered. For our deposit account revenue, we receive payment on a daily basis as services are rendered and for our non-deposit investment account revenue, we receive payment on a monthly basis from our third-party service provider as services are rendered. 8. Other Real Estate Owned Real estate acquired through foreclosure, or a deed-in-lieu of foreclosure, is recorded at fair value less estimated selling costs at the date of acquisition or transfer, and subsequently at the lower of its net cost or fair value less estimated selling costs. Adjustments to the carrying value at the date of acquisition or transfer are charged to the allowance for loan losses. The carrying value of the individual properties is subsequently adjusted to the extent it exceeds estimated fair value less estimated selling costs, at which time a provision for losses on such real estate is charged to operations. The Company accounts for gains on sales of other real estate owned under ASC Topic 606 Revenue from Contracts with Customers should be accounted for under the new guidance, judgment is required 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. Operating expenses of holding real estate, net of related income, are charged against income as incurred. Losses on the disposition of real estate, including expenses incurred in connection with the disposition, are charged to operations. 9. Pension and Postretirement Plans The Company sponsors a qualified defined benefit pension plan and a supplemental executive retirement plan (“SERP”). The qualified defined benefit pension plan is funded with trust assets invested in a diversified portfolio of debt and equity securities. Accounting for pensions and other postretirement benefits involves estimating the cost of benefits to be provided well into the future and attributing that cost over the time period each employee works. This involves extensive use of assumptions about inflation, investment returns, mortality, turnover, and discount rates. Among other factors, changes in interest rates, investment returns and the market value of plan assets can (a) affect the level of plan funding; (b) cause volatility in the net periodic pension cost; and (c) increase our future contribution requirements. A significant decrease in investment returns or the market value of plan assets or a significant decrease in interest rates could increase our net periodic pension costs and adversely affect our results of operations. A significant increase in our contribution requirements with respect to our qualified defined benefit pension plan could have an adverse impact on our cash flow. Changes in the key actuarial assumptions would impact net periodic benefit expense and the projected benefit obligation for our defined benefit and other postretirement benefit plan. See Note L, “Pension Plan,” and Note M, “Non-Qualified Compensation Plan” for information on these plans and the assumptions used. 10. Income Taxes The Company and its subsidiaries file consolidated federal and state income tax returns. Income taxes are allocated based on the contribution of their respective income or loss to the consolidated income tax returns. The Company records income taxes on the basis of reported income using the asset and liability method. Accordingly, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. To the extent that current available evidence about the future raises doubt about the realization of a deferred tax asset, a valuation allowance is established. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. The Company follows the provisions of FASB ASC Topic 740, which provides clarification on accounting for uncertainty in income taxes recognized in an enterprise’s financial statements. The guidance prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return, and also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. At September 30, 2024 and 2023, no significant income tax uncertainties have been included in the Company’s Consolidated Balance Sheets. The Company’s policy is to recognize interest and penalties on unrecognized tax benefits in income tax expense in the Consolidated Statements of Income. No interest and penalties were recorded during the years ended September 30, 2024 and 2023. The tax years subject to examination by the taxing authorities are the years ended September 30, 2019 and forward. 11. Advertising Costs The Company expenses advertising costs as incurred. 12. Earnings Per Share (“EPS”) Basic income per share is calculated by dividing income available to common stockholders by the weighted average number of shares of common stock outstanding for the period. The weighted average common shares outstanding include shares allocated to the Employee Stock Ownership Plan. Diluted income per share is calculated by adjusting the weighted average common shares outstanding to reflect the potential dilution that could occur using the treasury stock method if securities or other contracts to issue common stock, such as stock options and unvested restricted stock, were exercised and converted into common stock. The resulting shares issued would share in the earnings of the Company. Shares issued and shares reacquired during the period are weighted for the portion of the period that they were outstanding. In periods of loss, dilution is not calculated and diluted loss per share is equal to basic loss per share. The following table presents a calculation of basic and diluted earnings per share (“EPS”) for the years ended September 30, 2024 and 2023. Basic and diluted earnings per share were calculated by dividing net income by the weighted-average number of shares outstanding for the periods. Years Ended September 30, 2024 2023 (Dollars in thousands, except Income applicable to common shares $ 7,783 $ 7,709 Weighted average shares outstanding - basic 6,341,610 6,424,796 Potential diliutive common stock equivalents — — Weighted average shares outstanding - diluted 6,341,610 6,424,796 Earnings per share - basic $ 1.23 $ 1.20 Earnings per share - diluted $ 1.23 $ 1.20 All options were anti-dilutive at September 30, 2024 and 2023. 13. Comprehensive Income and Accumulated Other Comprehensive Loss Comprehensive income includes net income as well as certain other items which result in a change to equity during the period. The other items allocated to comprehensive income, as well as the related income tax effects, for the years ended September 30, 2024 and 2023 were as follows: September 30, 2024 2023 Net of Net of Before Tax Tax Tax Before Tax Tax Tax Amount Expense Amount Amount Expense Amount (In thousands) Unrealized holding gain (loss) arising during period on: Available-for-sale investments $ 834 $ (205 ) $ 629 $ (47 ) $ 12 $ (35 ) Defined benefit pension plan 297 (91 ) 206 394 (122 ) 272 Total unrealized holding gain arising during period 1,131 (296 ) 835 347 (110 ) 237 Reclassification of pension costs 53 (15 ) 38 122 (34 ) 88 Other comprehensive income, net $ 1,184 $ (311 ) $ 873 $ 469 $ (144 ) $ 325 (a) All amounts are net of tax. Related income tax expense or benefit calculated using an income tax rate approximating 25% for available-for-sale investments and 28% for pension plan. Details about the reclassification of accumulated other comprehensive loss components and the affected line item in the Consolidated Statements of Income for the years ended September 30, 2024 and 2023 were as follows: Amount Reclassified From Accumulated Other Comprehensive Affected Line Item in the Consolidated Loss For the Year Ended September 30, Statements of Income 2024 2023 (In thousands) Defined benefit pension plan (1) Amortization of net gain and prior service costs $ 53 $ 122 Other expenses Related income tax benefit (15 ) (34 ) Income taxes Net effect on accumulated other comprehensive loss 38 88 Total reclassification $ 38 $ 88 (1) The components of accumulated other comprehensive loss at September 30, 2024 and 2023 were as follows: September 30, 2024 2023 (In thousands) Available-for-sale investments, net of tax $ (853 ) $ (1,481 ) Defined benefit pension plan, net of tax (63 ) (308 ) Total accumulated other comprehensive loss $ (916 ) $ (1,789 ) 14. Bank-Owned Life Insurance The Company has purchased Bank-Owned Life Insurance (“BOLI”) policies. BOLI involves the purchasing of life insurance by the Company on directors and officers of the Bank. The proceeds are used to help defray the costs of non-qualified compensation plans. The Company is the owner and beneficiary of the policies. BOLI is recorded on the Consolidated Balance Sheets at its cash surrender value and changes in the cash surrender value are recorded in other income in the Consolidated Statements of Income. 15. Off-Balance Sheet Credit Related Financial Instruments In the ordinary course of business, the Company has entered into commitments to extend credit, including commitments under commercial lines of credit. Such financial instruments are recorded when they are funded. The Company does not engage in the use of derivative financial instruments. See Note P, “Financial Instruments With Off-Balance Risk.” 16. Segment Reporting The Company acts as an independent, community, financial services provider, and offers traditional banking and related financial services to individual, business and government customers. The Company offers a full array of commercial and retail financial services, including the taking of time, savings and demand deposits; the making of commercial, consumer and home equity loans; and the provision of other financial services. Management does not separately allocate expenses, including the cost of funding loan demand, between the commercial and retail operations of the Company. As such, discrete financial information is not available and segment reporting would not be meaningful. 17. New Accounting Pronouncements In connection with the preparation of quarterly and annual reports in accordance with the Securities and Exchange Commission’s (“SEC”) Securities Exchange Act of 1934, SEC Staff Accounting Bulletin Topic 11.M requires the disclosure of the impact that recently issued accounting standards will have on financial statements when they are adopted in the future. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments Results and disclosures for reporting periods beginning after October 1, 2023 are presented under ASC 326 while prior period amounts continue to be reported in accordance with previously applicable GAAP. The impact of the change from the incurred loss model to the current expected credit loss model using ACL is included in the following table: October 1, 2023 Adoption Pre-adoption Impact As Reported (In thousands) Assets ACL on debt securities held-to-maturity $ — $ — $ — ACL on loans One-to-four family residential 1,259 7 1,266 Commercial real estate 5,277 (589 ) 4,688 Construction and land 472 (55 ) 417 Home equity loans and lines of credit 207 (87 ) 120 Commercial business 939 (133 ) 806 Other 176 (175 ) 1 Liabilities ACL on unfunded commitments — 540 540 Total $ 8,330 $ (492 ) $ 7,838 In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848 extends the expiration date of Accounting Standards Codification (ASC) Topic 848 to December 31, 2024. ASU 2022-06 is effective for all reporting entities immediately upon issuance and must be applied on a prospective basis. These updates are not expected to have a significant impact on the Company’s financial statements. In March 2022, the FASB issued ASU 2022-02, Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures 18. Subsequent Events On October 31, 2024, the Company announced that its Board of Directors has approved a quarterly cash dividend of $0.05 per common share to shareholders of record at the close of business on November 14, 2024, payable on November 27, 2024. On November 22, 2024, the Company declared a special dividend of $0.04 per common share, payable on December 20, 2024, to shareholders of record at the close of business

STOCK-BASED COMPENSATION AND ST

STOCK-BASED COMPENSATION AND STOCK REPURCHASE PROGRAM	12 Months Ended
	Sep. 30, 2024
Stock-Based Compensation and Stock Repurchase Program [Abstract]
STOCK-BASED COMPENSATION AND STOCK REPURCHASE PROGRAM	NOTE C – STOCK-BASED COMPENSATION AND STOCK REPURCHASE PROGRAM The Company follows FASB ASC Section 718, Compensation-Stock Compensation ASC 718 also requires the Company to realize as a financing cash flow rather than an operating cash flow, as previously required, the benefits of realized tax deductions in excess of previously recognized tax benefits on compensation expense. In accordance with SEC Staff Accounting Bulletin (“SAB”) No. 107, the Company classified share-based compensation for employees and outside directors within “compensation and employee benefits” in the Consolidated Statements of Income to correspond with the same line item as the cash compensation paid. Stock options generally vest over a five-year service period and expire ten years from issuance. Management recognizes compensation expense for all option grants over the awards’ respective requisite service periods. The fair values of all option grants were estimated using the Black-Scholes option-pricing model. Management recognizes compensation expense for the fair values of these awards, which have graded vesting, on a straight-line basis over the requisite service period of the awards. Restricted shares generally vest over a five-year service period on the anniversary of the grant date. Once vested, these awards are irrevocable. The product of the number of shares granted and the grant date market price of the Company’s common stock determine the fair value of restricted shares under the Company’s restricted stock plans. Management recognizes compensation expense for the fair value of restricted shares on a straight-line basis over the requisite service period. The Company’s 2022 Equity Compensation Plan provided for grants of up to 391,000 shares to be allocated between incentive and non-qualified stock options and restricted stock awards to officers, employees and directors of the Company and Magyar Bank. At September 30, 2024, 293,200 options and 124,320 shares of restricted stock had been awarded from the plan. The following is a summary of the status of the Company’s stock option activity and related information for the year ended September 30, 2024: Shares Weighted Weighted Aggregate Balance at September 30, 2023 293,200 $ 12.58 8.98 $ — Granted — — — — Exercised — — — — Forfeited — — — — Expired — — — — Balance at September 30, 2024 293,200 $ 12.58 7.98 $ — Exercisable at September 30, 2024 117,280 $ 12.58 7.98 $ — The following is a summary of the status and changes of the Company’s non-vested restricted shares as of September 30, 2024 and during the year then ended: Shares Weighted Balance at September 30, 2023 124,320 $ 12.63 Granted — — Vested (31,080 ) 12.63 Forfeited — — Balance at September 30, 2024 93,240 $ 12.63 Stock option and stock award expenses included with compensation expense were $254 thousand and $392 thousand, respectively, for the year ended September 30, 2024. Stock option and stock award expenses included with compensation expense were $259 thousand and $405 thousand, respectively, for the year ended September 30, 2023. At September 30, 2024, total compensation cost not yet recognized for the Company’s unvested stock options and stock awards was $1.9 million. The Company had no other stock-based compensation plans as of September 30, 2024 except as disclosed below. The Company has an Employee Stock Ownership Plan ("ESOP") for the benefit of employees who meet certain eligibility requirements. The ESOP trust purchases shares of common stock in the open market using proceeds of a loan from the Company. The loan bears a fixed interest rate of 3.25% with principal and interest payable annually in equal installments over 30 years and is secured by shares of the Company’s stock. 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. 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. The Company accounts for its ESOP in accordance with FASB ASC Topic 718, “ Employer’s Accounting for Employee Stock Ownership Plans The following table presents the components of the ESOP shares for the years ended September 30, 2024 and 2023: Unreleased shares at September 30, 2022 302,373 Shares released for allocation during the year ended September 30, 2023 (12,060 ) Unreleased shares at September 30, 2023 290,313 Shares released for allocation during the year ended September 30, 2024 (12,150 ) Unreleased shares at September 30, 2024 278,163 Total released shares 186,940 Total ESOP shares 465,103 At September 30, 2024, ESOP shares allocated to participants totaled 186,940. Unallocated ESOP shares held in suspense totaled 278,163 with an aggregate fair value of $3.4 million. The Company's contribution expense for the ESOP was $155 thousand and $122 thousand for years ended September 30, 2024 and 2023, respectively. In 2022, the Company announced the authorization of a stock repurchase plan pursuant to which the Company intends to repurchase up to an additional 5% of its outstanding shares, or up to 337,146 shares, under which 296,736 shares had been repurchased at an average price of $11.92 through September 30, 2024. Under this stock repurchase program, 40,410 shares of the 337,146 shares authorized remained available for repurchase as of September 30, 2024. The Company’s intended use of the repurchased shares is for general corporate purposes. The timing of the repurchases will depend on certain factors, including but not limited to, market conditions and prices, the Company’s liquidity requirements and alternative uses of capital.

INVESTMENT SECURITIES

INVESTMENT SECURITIES	12 Months Ended
	Sep. 30, 2024
Investment Securities [Abstract]
INVESTMENT SECURITIES	NOTE D - INVESTMENT SECURITIES The following table summarizes the amortized cost and fair values of securities classified as available-for-sale and held-to-maturity at September 30, 2024: September 30, 2024 Gross Gross Allowance for Amortized Unrealized Unrealized Credit Fair Cost Gains Losses Losses Value (In thousands) Securities available-for-sale: Obligations of U.S. government agencies: Mortgage backed securities - residential $ 95 $ — $ (6 ) $ — $ 89 Obligations of U.S. government-sponsored enterprises: Mortgage-backed securities-residential 12,652 56 (1,202 ) — 11,506 Corporate securities 4,000 21 — — 4,021 Total securities available-for-sale $ 16,747 $ 77 $ (1,208 ) $ — $ 15,616 Securities held-to-maturity: Obligations of U.S. government agencies: Mortgage-backed securities - residential $ 7,209 $ — $ (611 ) $ — $ 6,598 Mortgage-backed securities - commercial 4,268 64 (23 ) — 4,309 Obligations of U.S. government-sponsored enterprises: Mortgage backed securities - residential 42,701 4 (5,194 ) — 37,511 Debt securities 19,000 13 (865 ) — 18,148 Private label mortgage-backed securities - residential 190 — (5 ) — 185 Obligations of state and political subdivisions 3,448 3 (351 ) — 3,100 Corporate securities 3,000 — (234 ) — 2,766 Total securities held-to-maturity $ 79,816 $ 84 $ (7,283 ) $ — $ 72,617 Total investment securities $ 96,563 $ 161 $ (8,491 ) $ — $ 88,233 The following table summarizes the amortized cost and fair values of securities classified as available-for-sale and held to-maturity at September 30, 2023: September 30, 2023 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 $ 106 $ — $ (14 ) $ 92 Obligations of U.S. government-sponsored enterprises: Mortgage-backed securities-residential 11,984 — (1,951 ) 10,033 Total securities available-for-sale $ 12,090 $ — $ (1,965 ) $ 10,125 Securities held-to-maturity: Obligations of U.S. government agencies: Mortgage-backed securities - residential $ 5,070 $ — $ (850 ) $ 4,220 Mortgage-backed securities - commercial 2,509 — (16 ) 2,493 Obligations of U.S. government-sponsored enterprises: Mortgage backed securities - residential 48,086 — (8,480 ) 39,606 Debt securities 23,497 — (1,947 ) 21,550 Private label mortgage-backed securities - residential 207 — (12 ) 195 Obligations of state and political subdivisions 3,466 — (605 ) 2,861 Corporate securities 3,000 — (197 ) 2,803 Total securities held-to-maturity $ 85,835 $ — $ (12,107 ) $ 73,728 Total investment securities $ 97,925 $ — $ (14,072 ) $ 83,853 The contractual maturities of the debt securities, municipal bonds and certain information regarding the mortgage-backed securities available-for-sale at September 30, 2024 are summarized in the following table: September 30, 2024 Amortized Fair Cost Value (In thousands) Due within 1 year $ — $ — Due after 1 but within 5 years — — Due after 5 but within 10 years 4,000 4,021 Due after 10 years — — Total debt securities 4,000 4,021 Mortgage-backed securities: Residential 12,747 11,595 Commercial — — Total $ 16,747 $ 15,616 The contractual maturities of the debt securities, municipal bonds and certain information regarding the mortgage-backed securities held-to-maturity at September 30, 2024 are summarized in the following table: September 30, 2024 Amortized Fair Cost Value (In thousands) Due within 1 year $ 9,500 $ 9,317 Due after 1 but within 5 years 12,179 11,413 Due after 5 but within 10 years 3,769 3,284 Due after 10 years — — Total debt securities 25,448 24,014 Mortgage backed securities: Residential 50,100 44,294 Commercial 4,268 4,309 Total $ 79,816 $ 72,617 There were no sales of securities during the years ended September 30, 2024 and 2023. As of September 30, 2024 and 2023, investment securities having a carrying amount of approximately $12.5 million and $13.9 million, respectively, were pledged to secure public deposits. Details of available-for-sale securities with unrealized losses for which an allowance for credit losses has not been recorded at September 30, 2024 are as follows: 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) September 30, 2024 Securities available-for-sale Obligations of U.S. government agencies: Mortgage-backed securities - residential 1 $ — $ — $ 88 $ (6 ) $ 88 $ (6 ) Obligations of U.S. government-sponsored enterprises Mortgage-backed securities - residential 8 — — 7,550 (1,202 ) 7,550 (1,202 ) Total 9 $ — $ — $ 7,638 $ (1,208 ) $ 7,638 $ (1,208 ) Details of available-for-sale and held-to-maturity securities with unrealized losses at September 30, 2023 are as follows: 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) September 30, 2023 Obligations of U.S. government agencies: Mortgage-backed securities- residential 6 $ — $ — $ 4,312 $ (864 ) $ 4,312 $ (864 ) Mortgage-backed securities - commercial 2 1,926 (14 ) 567 (2 ) 2,493 (16 ) Obligations of U.S. government-sponsored enterprises Mortgage backed securities- residential 50 4,938 (49 ) 44,485 (10,382 ) 49,423 (10,431 ) Debt securities 12 — — 21,550 (1,947 ) 21,550 (1,947 ) Private label mortgage-backed securities- residential 1 — — 195 (12 ) 195 (12 ) Obligations of state and political subdivisions 7 789 (43 ) 2,072 (562 ) 2,861 (605 ) Corporate securities 1 — — 2,803 (197 ) 2,803 (197 ) Total 79 $ 7,653 $ (106 ) $ 75,984 $ (13,966 ) $ 83,637 $ (14,072 ) The Company monitors the credit quality of held-to-maturity debt securities, primarily through their credit ratings by nationally recognized statistical ratings organizations, on a quarterly basis. At September 30, 2024, there were no non-performing held-to-maturity debt securities and no allowance for credit losses were required. The majority of the investment securities are explicitly or implicitly guaranteed by the United States government, and any estimate of expected credit losses would be insignificant to the Company. The following table summarizes the amortized cost of held-to-maturity debt securities at September 30, 2024, aggregated by credit quality indicator: Credit Rating September 30, 2024 AAA/AA/A BBB/BB/B Non-rated (In thousands) Securities held to maturity: Obligations of U.S. government agencies: Mortgage-backed securities - residential $ 7,209 $ — $ — Mortgage-backed securities - commercial 4,268 — — Obligations of U.S. government-sponsored enterprises: Mortgage backed securities - residential 42,701 — — Debt securities 19,000 — — Private label mortgage-backed securities - residential 190 — — Obligations of state and political subdivisions 3,448 — — Corporate securities 3,000 — — Total held to maturity debt securities $ 79,816 $ — $ — The investment securities listed above currently have fair values less than amortized cost and therefore contain unrealized losses. 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. 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. For individual debt securities classified as available-for-sale, we determine whether a decline in fair value below the amortized cost has resulted from a credit loss or other factors. If the decline in fair value is due to credit, we will record the portion of the impairment loss relating to credit through an allowance for credit losses. Impairment that has not been recorded through an allowance for credit losses is recorded through other comprehensive income, net of applicable taxes.

LOANS RECEIVABLE, NET

LOANS RECEIVABLE, NET	12 Months Ended
	Sep. 30, 2024
Loans Receivable, Net [Abstract]
LOANS RECEIVABLE, NET	NOTE E - LOANS RECEIVABLE, NET Loans receivable, net allowance for credit losses were comprised of the following: September 30, 2024 2023 (In thousands) One-to-four family residential $ 246,201 $ 237,683 Commercial real estate 461,319 389,134 Construction and land 22,722 21,853 Home equity loans and lines of credit 24,728 16,983 Commercial business 24,011 30,194 Other 2,235 2,359 Total loans receivable 781,216 698,206 Net deferred loan costs (1,054 ) (806 ) Total loans receivable, net 780,162 697,400 Certain directors and executive officers of the Company have loans with the Bank. Such loans were made in the ordinary course of business at the Bank’s normal credit terms, including interest rate and collateralization, and do not represent more than a normal risk of collection. Total loans receivable from directors and executive officers, and affiliates thereof, were approximately $3.9 million at September 30, 2024 and $5.1 million at September 30, 2023. There were $854 thousand and $2.9 million in new loans or advances on existing lines of credit during the year ended September 30, 2024 and 2023, respectively. Total principal repayments and/or reductions due to retirements were approximately $2.0 million and $142 thousand for the year ended September 30, 2024 and 2023, respectively. At September 30, 2024 and 2023, the Company was servicing loans for others amounting to approximately $50.2 million and $48.1 million, respectively. The Company held mortgage servicing rights in the amount of $159 thousand and $28 thousand at September 30, 2024 and 2023, respectively. Servicing loans for others generally consists of collecting mortgage payments, maintaining escrow accounts, disbursing payments to investors, and foreclosure processing. Loan servicing income is recorded on the cash basis and includes servicing fees from investors and certain charges collected from borrowers, such as late payment fees. In connection with loans serviced for others, the Company held borrowers’ escrow balances of approximately $21 thousand and $27 thousand at September 30, 2024 and 2023, respectively. The segments of the Company’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: first lien, amortizing term loans, and the combination of second lien amortizing term loans and home equity lines of credit. The commercial loan segment is further disaggregated into three classes: loans secured by multifamily structures, loans secured by owner-occupied commercial structures, and loans secured by non-owner occupied nonresidential properties. The construction loan segment consists primarily of 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 of revolving lines of credit and loans partially guaranteed by the U.S. Small Business Administration. The consumer loan segment consists primarily of stock-secured installment loans, but also includes unsecured personal loans and overdraft lines of credit connected with customer deposit accounts. Management 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 Company 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 Company’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 Company’s 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 thousand and/or criticized relationships greater than $250 thousand. Detailed reviews, including plans for resolution, are performed on loans classified as Substandard on a monthly basis. The following table presents the classes of the loan portfolio by origination year summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful for loans subject to the Company’s internal risk rating system and by performing status for all other loans as of September 30, 2024. Revolving Loans September 30, 2024 Amortized Converted Term Loans Amortized Cost Basis by Origination Fiscal Year Cost Basis to Term Total 2024 2023 2022 2021 2020 Prior (In thousands) One-to-four family residential Performing $ 32,624 $ 42,084 $ 31,711 $ 25,970 $ 29,976 $ 83,378 $ 342 $ — $ 246,085 Non-performing — — 94 — 22 — — — 116 Total $ 32,624 $ 42,084 $ 31,805 $ 25,970 $ 29,998 $ 83,378 $ 342 $ — $ 246,201 Current period gross charge-offs — — — — — — — — — Commercial real estate Pass $ 88,597 $ 84,674 $ 66,412 $ 64,573 $ 29,568 $ 122,605 $ 3,718 $ 932 $ 461,079 Special Mention — — — — — 124 — — 124 Substandard — — — — — 116 — — 116 Doubtful — — — — — — — — — Total $ 88,597 $ 84,674 $ 66,412 $ 64,573 $ 29,568 $ 122,845 $ 3,718 $ 932 $ 461,319 Current period gross charge-offs — — — — — — — — — Construction and land Pass $ 5,650 $ 10,061 $ — $ — $ 1,156 $ 4,069 $ 1,786 $ — $ 22,722 Special Mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Total $ 5,650 $ 10,061 $ — $ — $ 1,156 $ 4,069 $ 1,786 $ — $ 22,722 Current period gross charge-offs — — — — — — — — — Home equity loans and lines of credit Performing $ 1,585 $ 1,561 $ 1,600 $ 309 $ 247 $ 1,220 $ 17,902 $ 304 $ 24,728 Non-performing — — — — — — — — — Total $ 1,585 $ 1,561 $ 1,600 $ 309 $ 247 $ 1,220 $ 17,902 $ 304 $ 24,728 Current period gross charge-offs — — — — — — — — — Commercial business Pass $ 2,062 $ 507 $ 2,517 $ 2,298 $ 802 $ 2,565 $ 13,072 $ 188 $ 24,011 Special Mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Total $ 2,062 $ 507 $ 2,517 $ 2,298 $ 802 $ 2,565 $ 13,072 $ 188 $ 24,011 Current period gross charge-offs — — — — — — — — — Other Performing $ 61 $ — $ 47 $ — $ 9 $ 1,771 $ 347 $ — $ 2,235 Non-performing — — — — — — — — — Total $ 61 $ — $ 47 $ — $ 9 $ 1,771 $ 347 $ — $ 2,235 Current period gross charge-offs — — — — — — — — — Information presented in the table above is not required for periods prior to the adoption of ASU 2016-13. The following table presents more comparable information Special Pass Mention Substandard Doubtful Total (In thousands) September 30, 2023 One-to four-family residential $ 236,876 $ — $ 807 $ — $ 237,683 Commercial real estate 386,794 116 2,224 — 389,134 Construction and land 19,379 — 2,474 — 21,853 Home equity loans and lines of credit 16,983 — — — 16,983 Commercial business 30,194 — — — 30,194 Other 2,359 — — — 2,359 Total $ 692,585 $ 116 $ 5,505 $ — $ 698,206 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 Bank was not accruing interest on any loans delinquent 90 days or greater as of September 30, 2024 or September 30, 2023. The following table presents the classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans for the periods presented: 30-59 60-89 Days Days 90 Days + Total Current Past Due Past Due Past Due Loans (In thousands) September 30, 2024 One-to-four family residential $ 245,458 $ — $ 627 $ 116 $ 246,201 Commercial real estate 461,203 — — 116 461,319 Construction and land 22,722 — — — 22,722 Home equity loans and lines of credit 24,492 — 236 — 24,728 Commercial business 23,870 141 — — 24,011 Other 2,235 — — — 2,235 Total $ 779,980 $ 141 $ 863 $ 232 $ 781,216 30-59 60-89 Days Days 90 Days + Total Current Past Due Past Due Past Due Loans (In thousands) September 30, 2023 One-to four-family residential $ 236,729 $ — $ 568 $ 386 $ 237,683 Commercial real estate 386,794 — 116 2,224 389,134 Construction and land 19,379 — — 2,474 21,853 Home equity loans and lines of credit 16,983 — — — 16,983 Commercial business 30,047 147 — — 30,194 Other 2,359 — — — 2,359 Total $ 692,291 $ 147 $ 684 $ 5,084 $ 698,206 The following tables present our non-accrual loans by loan type as of September 30, 2024 and the non-accrual loans and specific reserves by loan type as of September 30, 2023. Total Non-Accrual Non-Accrual Non-Accrual with ACL without ACL (In thousands) September 30, 2024 One-to-four family residential $ 116 $ — $ 116 Commercial real estate 116 — 116 Total $ 232 $ — $ 232 Non- Specific Accrual Reserve (In thousands) September 30, 2023 One-to four-family residential $ 386 $ — Commercial real estate 2,224 — Construction and land 2,474 — Total $ 5,084 $ — The following table identifies our non-performing, collateral dependent loans by collateral type as of September 30, 2024: September 30, 2024 Real-estate type: (In thousands) One- to four-family residential $ 116 Commercial real estate 116 Total $ 232 The Company’s adoption of ASU 2016-13 eliminated the requirement to disclose impaired loans. The following table presents impaired loans by class, segregated by those for which a specific allowance was required and those for which a specific allowance was not necessary as of September 30, 2023: Impaired Loans with Impaired Loans with No Specific Specific Allowance Allowance Total Impaired Loans Unpaid Recorded Related Recorded Recorded Principal Investment Allowance Investment Investment Balance September 30, 2023 (In thousands) One-to four-family residential $ — $ — $ 2,031 $ 2,031 $ 2,031 Commercial real estate — — 2,969 2,969 2,969 Construction and land — — 2,474 2,474 2,539 Commercial business — — 147 147 147 Total impaired loans $ — $ — $ 7,621 $ 7,621 $ 7,686 An allowance for credit losses is maintained to absorb losses from the loan portfolio. 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 ACL. When information confirms all or part of specific loans to be uncollectible, these amounts are promptly charged off against the ACL. Since loans individually evaluated for impairment are promptly written down to their fair value, typically there is no portion of the ACL for loans individually evaluated for impairment. ASU 2016-13 requires estimated credit losses on loans to be determined based on an expected life of loan model, as compared to an incurred loss model (in effect for periods prior to October 1, 2023). Accordingly, the allowance for credit losses disclosures subsequent to October 1, 2023 are not always comparable to prior dates. In addition, certain new disclosures required under ASU 2016-13 are not applicable to prior periods. As a result, the following tables present disclosures separately for each period, where appropriate. New disclosures required under ASU 2016-13 are only shown for the current period. Please refer to Note B “Summary of Significant Accounting Policies” for a summary of the impact of adopting the provisions of ASU 2016-13 on October 1, 2023. The following tables set forth the allocation of the Bank’s allowance for credit losses by loan category at the dates indicated. The portion of the allowance for credit losses allocated to each loan category does not represent the total available for future losses which may occur within the loan category since the total allowance for credit losses is a valuation allocation applicable to the entire loan portfolio. The Company generally charges-off the collateral or discounted cash flow deficiency on all loans at 90 days past due and all loans rated substandard or worse that are 90 days past due. The following tables present, by loan category, the changes in the allowance for credit losses for the year ended September 30, 2024 and 2023. One-to Four- Home Equity Family Commercial Construction Loans and Lines Commercial Residential Real Estate and Land of Credit Business Other Unallocated Total (In thousands) Balance-September 30, 2023 $ 1,259 $ 5,277 $ 472 $ 207 $ 939 $ 2 $ 174 $ 8,330 Effect of adopting ASU 2016-13 7 (589 ) (55 ) (87 ) (133 ) (1 ) (174 ) (1,032 ) Charge-offs — — — — — — — — Recoveries 1 — 65 — 2 — — 68 Provision (credit) (512 ) 646 142 (90 ) (3 ) (1 ) — 182 Balance-September 30, 2024 $ 755 $ 5,334 $ 624 $ 30 $ 805 $ — $ — $ 7,548 One-to Four- Home Equity Family Commercial Construction Loans and Lines Commercial Residential Real Estate and Land of Credit Business Other Unallocated Total (In thousands) Balance-September 30, 2022 $ 1,223 $ 4,612 $ 461 $ 263 $ 1,484 $ 1 $ 389 $ 8,433 Charge-offs — — — — (488 ) — — (488 ) Recoveries 4 — — — — — — 4 Provision (credit) 32 665 11 (56 ) (57 ) 1 (215 ) 381 Balance-September 30, 2023 $ 1,259 $ 5,277 $ 472 $ 207 $ 939 $ 2 $ 174 $ 8,330 During the year ended September 30, 2024, the provision for credit loss decreased $512 thousand for one-to four-family residential loans due primarily to economic data indicating the appreciation in collateral values securing such loans while the provision for credit loss increased $646 thousand for commercial real estate loans due to higher balances of such loans at September 30, 2024. The following table presents, 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 and September 30, 2023. One-to-Four Home Equity Family Commercial Construction Loans and Lines Commercial Residential Real Estate and Land of Credit Business Other Unallocated Total (In thousands) Balance - September 30, 2023 $ 1,259 $ 5,277 $ 472 $ 207 $ 939 $ 2 $ 174 $ 8,330 Individually evaluated for impairment — — — — — — — — Collectively evaluated for impairment 1,259 5,277 472 207 939 2 174 8,330 Loans receivable: Balance - September 30, 2023 $ 237,683 $ 389,134 $ 21,853 $ 16,983 $ 30,194 $ 2,359 $ — $ 698,206 Individually evaluated for impairment 2,031 2,969 2,474 — 147 — — 7,621 Collectively evaluated for impairment 235,652 386,165 19,379 16,983 30,047 2,359 — 690,585 During the year ended September 30, 2024, the Company did not make any loan modifications to borrowers experiencing financial difficulty. During the year ended September 30, 2023, there was one loan modified that was identified as a troubled debt restructuring (“TDR”) and there were no TDRs that subsequently defaulted within twelve months of modification. The following table presents information on TDRs for the year ended September 30, 2023: Number of Investment Before Investment After Loans TDR Modification TDR Modification (Dollars in thousands) September 30, 2023 One-to four-family residential 1 $ 97 $ 106 Total 1 $ 97 $ 106 There were no loans in the process of foreclosure at September 30, 2024. Total loans pledged as collateral against Federal Home Loan Bank of New York (“FHLBNY”) borrowings were $410.6 million and $341.6 million as of September 30, 2024 and 2023, respectively.

PREMISES AND EQUIPMENTS

PREMISES AND EQUIPMENTS	12 Months Ended
	Sep. 30, 2024
Premises and Equipments [Abstract]
PREMISES AND EQUIPMENTS	NOTE F - PREMISES AND EQUIPMENTS Premises and equipment consist of the following: Estimated September 30, Useful Lives 2024 2023 (In thousands) Land Indefinite $ 3,095 $ 3,811 Buildings and improvements 10-40 years 22,441 21,923 Furniture, fixtures and equipment 5-10 years 4,154 3,860 29,690 29,594 Less accumulated depreciation (17,145 ) (16,255 ) Premises and equipment, net $ 12,545 $ 13,339 For the years ended September 30, 2024 and 2023, depreciation expense included in occupancy expense amounted to approximately $890 thousand and $840 thousand, respectively.

OTHER REAL ESTATE OWNED

OTHER REAL ESTATE OWNED	12 Months Ended
	Sep. 30, 2024
Other Real Estate Owned [Abstract]
OTHER REAL ESTATE OWNED	NOTE G - OTHER REAL ESTATE OWNED The Company held $3.7 million of real estate owned properties at September 30, 2024 and $328 thousand at September 30, 2023. The Company did not have any write-downs on these properties for the years ended September 30, 2024 and 2023. Further declines in real estate values may result in increased foreclosed real estate expense in the future. Routine holding costs are charged to expense as incurred and improvements to real estate owned that enhance the value of the real estate are capitalized.

DEPOSITS

DEPOSITS	12 Months Ended
	Sep. 30, 2024
Deposits [Abstract]
DEPOSITS	NOTE H - DEPOSITS A summary of deposits by type of account follows: September 30, 2024 2023 (In thousands) Demand accounts $ 132,837 $ 188,550 Savings accounts 52,853 62,168 NOW accounts 146,744 115,182 Money market accounts 304,588 284,885 Certificate of deposit 146,674 92,725 Retirement accounts 12,978 11,943 Total deposits $ 796,674 $ 755,453 Included in the Company’s deposits at September 30, 2024 were $29.6 million in brokered certificates of deposits and $20.0 million in certificates of deposits obtained through a national deposit listing service. At September 30, 2023 the Company had $13.8 million in brokered certificates of deposits and $14.0 million in certificates of deposits obtained through a national deposit listing service. At September 30, 2024, certificates of deposit (including retirement accounts and brokered certificate deposit accounts) have contractual maturities as follows (in thousands): Years Ending September 30, 2025 $ 99,174 2026 18,096 2027 6,896 2028 19,409 2029 14,993 2030 and after 1,084 Total $ 159,652 At September 30, 2024 and 2023, the aggregate deposits in amounts greater than $250 thousand, which is the maximum amount for federal deposit insurance, were $380.0 million and $429.9 million, respectively. Related party deposits totaled $3.2 million and $3.5 million at September 30, 2024 and 2023, respectively.

BORROWINGS

BORROWINGS	12 Months Ended
	Sep. 30, 2024
Borrowings [Abstract]
BORROWINGS	NOTE I - BORROWINGS 1. Federal Home Loan Bank of New York Advances Long term FHLBNY advances at September 30, 2024 and 2023 totaled $28.6 million and $29.5 million, respectively. The weighted average interest rates on advances outstanding at September 30, 2024 and 2023 were 2.90% and 3.27%, respectively. The advances were collateralized by unencumbered qualified assets consisting of one-to-four family residential and commercial real estate mortgage loans. Advances are made pursuant to several different credit programs offered from time to time by the FHLBNY. Long term FHLBNY advances as of September 30, 2024 mature as follows (in thousands): Years Ending September 30, 2025 $ 3,500 2026 1,631 2027 9,437 2028 14,000 2029 — Thereafter — Total $ 28,568 Additionally, the Company has established an Overnight Line of Credit arrangement with the FHLBNY. The total amount available under the line of credit is based on the amount of eligible collateral pledged to the FHLBNY. At September 30, 2024 and 2023, the Company had available credit from the FHLBNY totaling $123.7 million and $122.2 million, respectively. Information concerning short-term arrangement with the FHLBNY is summarized as follows: September 30, 2024 2023 (Dollars in thousands) Balance at end of year $ — $ — Weighted average balance during the year $ — $ 1,283 Maximum month-end balance during the year $ — $ 16,450 Average interest rate during the year N/A 4.65%

SERVICING POLICY

SERVICING POLICY	12 Months Ended
	Sep. 30, 2024
Servicing Policy [Abstract]
SERVICING POLICY	NOTE J – SERVICING POLICY The Company originates and sells loans receivable secured by one-to four-family residential properties and commercial business loans guaranteed by the Small Business Administration (the “SBA”). The Company has sold loans on a servicing retained basis and on a servicing released basis. Loans sold with servicing retained and servicing released during the year ended September 30, 2024 were $6.4 million and $0, respectively. Loans sold with servicing retained and servicing released during the year ended September 30, 2023 were $6.5 million and $0, respectively. The Company accounts for sales in accordance with ASC 860, Transfers and Servicing. Upon sale, the receivables are removed from the balance sheet, mortgage servicing rights are recorded as an asset for servicing rights retained, and a gain on sale, if applicable, is recognized for the difference between the carrying value of the receivables and the sales proceeds, net of origination costs. Gains on sales of loans, representing the difference between the total sales price received for the loans and the allocated cost of the loans, are recognized when loans are sold and delivered to the purchasers. Loans are accounted for as sold when control of the loan is surrendered. Control over the loans is deemed surrendered when (a) the loans have been isolated from the Company; (b) the buyer has the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the loans; and (c) the Company does not maintain effective control over the loans through either (a) an agreement that entitles and obligates the Company to repurchase or redeem the loans before maturity, or (b) the ability to unilaterally cause the buyer to return specific loans. The Company services one-to-four family residential mortgage loans and SBA 7(a) loans for investors in the secondary market, which are not included in the Consolidated Balance Sheets. The Company’s fee is a percentage of the principal balance and is recognized as income when received. At September 30, 2024 and 2023, the Company was servicing mortgage loans sold in the amount of $1.4 million and $1.9 million, respectively, and SBA loans sold in the amount of $38.4 million and $35.5 million, respectively. Loan servicing includes collecting and remitting loan payments, accounting for principal and interest, contacting delinquent mortgagors, supervising foreclosures and property dispositions in the event of unremedied defaults, making certain insurance and tax payments on behalf of the borrowers and generally administering the loans. Mortgage servicing rights are amortized in proportion to, and over the period of, estimated net servicing revenues and are included in other assets on the Consolidated Balance Sheets. Activity in loan servicing rights during the years ended September 30, 2024 and 2023 are summarized as follows: September 30, 2024 2023 (In thousands) Beginning balance $ 28 $ — Origination of mortgage servicing rights 151 28 Amortization (20 ) — Ending balance $ 159 $ 28 Loan servicing rights are carried at the lower of amortized cost or fair value. Fair values are estimated using discounted cash flows based on a current market interest rate.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Sep. 30, 2024
Income Taxes [Abstract]
INCOME TAXES	NOTE K - INCOME TAXES The Company’s income tax expense is comprised of the following components for the years ended September 30, 2024 and 2023: For the Year Ended September 30, 2024 2023 (In thousands) Current $ 3,423 $ 3,647 Deferred (106 ) (615 ) Total income tax expense $ 3,317 $ 3,032 A reconciliation of income tax at the statutory tax rate to the effective income tax expense for the years ended September 30, 2024 and 2023 is as follows: September 30, 2024 2023 (In thousands) Income tax expense at statutory rate $ 2,331 $ 2,256 Increase (decrease) resulting from: State income taxes, net of federal income tax benefit 1,005 931 Tax-exempt income, net (103 ) (90 ) BOLI policy surrender tax 277 — Nondeductible expenses 56 58 Share based compensation 40 54 Employee stock ownership plan 6 11 Other, net (295 ) (188 ) Total income tax expense $ 3,317 $ 3,032 The major sources of temporary differences and their deferred tax effect at September 30, 2024 and 2023 are as follows: September 30, 2024 2023 (In thousands) Allowance for credit losses $ 2,248 $ 2,342 Net unrealized loss, investment securities available-for-sale 278 483 Deferred loan fees 296 287 Unrealized loss, minimum pension liability 132 132 Employee benefits 340 265 Allowance for transaction expense 6 11 Straight line rent 54 72 Gross deferred tax asset 3,354 3,592 Depreciation (551 ) (588 ) Mortgage servicing rights (45 ) (8 ) Gross deferred tax liability (596 ) (596 ) Net deferred tax asset, included in other assets $ 2,758 $ 2,996 In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which temporary differences are deductible and carry forwards are available. There were no valuation allowances for the year ended September 30, 2024 and 2023. The Company has considered future market growth, forecasted earnings, future taxable income, feasible and permissible tax planning strategies in determining the realizability of deferred tax assets. If the Company was to determine that it would not be able to realize a portion of its net deferred tax asset in the future for which there is currently no valuation allowance, an adjustment to the net deferred tax asset would be charged to earnings in the period such determination was made. The Bank’s statutory income tax rate in the State of New Jersey was 9.0% for the years ending September 30, 2024 and 2023. The State of New Jersey has imposed a temporary surtax on corporations earning New Jersey allocated income in excess of $1 million for the Company’s tax year ended September 30, 2023 and has imposed a surtax on corporations earning New Jersey allocated income in excess of $10 million for the Company’s tax year ended September 30, 2024. The surtax is set at a rate of 2.5% and it currently effective through 2029. Accordingly, the Company used an 11.5% State tax rate for the calculation of its State income tax expense for the years ended September 30, 2024 and 2023.

PENSION PLAN

PENSION PLAN	12 Months Ended
	Sep. 30, 2024
Pension Plan [Abstract]
PENSION PLAN	NOTE L - PENSION PLAN The Company had a noncontributory defined benefit pension plan (the “Plan”) covering all eligible employees. On January 26, 2006, the Plan was frozen and amended to eliminate future benefit accruals after February 15, 2006. The following table sets forth the Plan’s funded status and amounts recognized in the Company’s Consolidated Balance Sheets at September 30, 2024 and September 30, 2023. September 30, 2024 2023 (In thousands) Actuarial present value of benefit obligations $ 3,697 $ 3,495 Change in benefit obligations Projected benefit obligation, beginning $ 3,495 $ 3,735 Interest cost 193 190 Actuarial (gain) loss 283 (181 ) Annuity payments and lump sum distributions (274 ) (249 ) Projected benefit obligation, end $ 3,697 $ 3,495 Change in plan assets Fair value of assets, beginning $ 4,076 $ 3,886 Actual return on plan assets 816 438 Annuity payments and lump sum distributions (274 ) (248 ) Fair value of assets, end $ 4,618 $ 4,076 Funded status included with other assets $ 921 $ 580 Net pension cost for the years ended September 30, 2024 and 2023 included the following components: September 30, 2024 2023 (In thousands) Service cost benefits earned during the year $ — $ — Interest cost on projected benefit obligation 193 190 Expected return on plan assets (236 ) (226 ) Amortization of unrecognized net loss 53 122 Net pension cost $ 10 $ 86 Current Asset Allocation The Plan’s weighted-average asset allocations at September 30, 2024 and 2023, by asset category are as follows: September 30, 2024 2023 Equity securities 65% 63% Debt securities (bond mutual funds) 32% 36% Other (money market fund) 2% 2% Total 100% 100% Expected Contributions For the fiscal year ending September 30, 2025, the Company does not expect to make a contribution to the Plan. Estimated Future Benefit Payments The following benefit payments are expected to be paid as follows (in thousands): October 1, 2024 through September 30, 2025 $ 276 October 1, 2025 through September 30, 2026 275 October 1, 2026 through September 30, 2027 274 October 1, 2027 through September 30, 2028 271 October 1, 2028 through September 30, 2029 269 October 1, 2029 through September 30, 2034 1,263 Total $ 2,628 Included in the funded status of the Plan at September 30, 2024 and 2023, are actuarial losses of $91 and $440 , respectively. These amounts are included, net of related income tax effects of $132 in the accumulated other comprehensive loss component of stockholders’ equity at September 30, 2024 and 2023. The following table presents the Plan assets that are measured at fair value on a recurring basis by level within the fair value hierarchy under ASC Topic 820. Financial assets are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. See Note Q for further detail regarding fair value hierarchy. Fair Value Measurements at Reporting Date Using: Quoted Prices Significant in Active Markets Other Significant for Identical Observable Unobservable Total Assets (Level 1) Inputs (Level 2) Inputs (Level 3) (In thousands) At September 30, 2024 Investment Type Mutual Funds - Equity Large - Cap Value $ 738 $ 738 $ — $ — Large - Cap Core 628 628 — — Mid - Cap Core 591 591 — — Small - Cap Core 484 484 — — Non - U.S. Core 581 581 — — Mutual Funds - Fixed Income Intermediate Duration 707 707 — — Short - Duration Corporate 787 787 — — Cash Equivalents Money Market 102 102 — — Total Investment $ 4,618 $ 4,618 $ — $ — At September 30, 2023 Investment Type Mutual Funds - Equity Large - Cap Value $ 682 $ 682 $ — $ — Large - Cap Core 525 525 — — Mid - Cap Core 459 459 — — Small - Cap Core 429 429 — — Non - U.S. Core 465 465 — — Mutual Funds - Fixed Income Intermediate Duration 634 634 — — Short - Duration Corporate 816 816 — — Cash Equivalents Money Market 65 65 — — Total Investment $ 4,075 $ 4,075 $ — $ — Equity and debt securities are reported at fair value in the table above utilizing exchange quoted prices in active markets for identical instruments (Level 1 inputs).

NONQUALIFIED COMPENSATION PLAN

NONQUALIFIED COMPENSATION PLAN	12 Months Ended
	Sep. 30, 2024
Nonqualified Compensation Plan [Abstract]
NONQUALIFIED COMPENSATION PLAN	NOTE M - NONQUALIFIED COMPENSATION PLAN The Company maintains a Supplemental Executive Retirement Plan (“SERP”) for the benefit of its senior officers. In addition, the Company also adopted voluntary Deferred Income and Retirement Plans on behalf of its directors. The SERP provides the Company with the opportunity to supplement the retirement income of selected officers to achieve equitable wage replacement at retirement while the Deferred Income Plan provides participating directors with an opportunity to defer all or a portion of their fees into a tax deferred accumulation account for future retirement. The Director Retirement Plan enables the Company to reward its directors for longevity of service in consideration of their availability and consultation. The SERP is based upon achieving a total retirement benefit equal to a percentage of the participants’ final annual salary. Under the Director Supplemental Retirement Income Plan (the “Plan”), directors that began service before 2002 are entitled to a benefit upon attainment of his/her benefit age. The directors will receive an annual amount in monthly installments based on his/her total Board and Committee fees in the twelve months prior to attainment of his/her benefit age. The amount will be 10% plus 2 1/2% for each year of service as a Director, with a minimum of 50%, provided the Director has served for at least five years, and a maximum of 60%. The maximum benefit increases for any Director serving as Chairman of the Board for at least five years to 75%. The Company funds the plans through modified endowment contracts. Income recorded for the plans represents life insurance income as recorded based on the projected increases in cash surrender values of life insurance policies. As of September 30, 2024 and 2023, the Company’s life insurance contracts had cash surrender values of approximately $23.3 million and $18.0 million, respectively. The Company is recording benefit costs so that the cost of each participant’s retirement benefits is being expensed and accrued over the participant’s active employment so as to result in a liability at retirement date equal to the present value of the benefits expected to be provided. The total expense for nonqualified retirement benefits recorded during the years ended September 30, 2024 and 2023 was $384 thousand and $375 thousand, respectively. Included in accounts payable and other liabilities at September 30, 2024 and 2023 were accrued retirement benefits totaling $1.0 million and $828 thousand, respectively, for these plans.

401(K) EMPLOYEE CONTRIBUTION PL

401(K) EMPLOYEE CONTRIBUTION PLAN	12 Months Ended
	Sep. 30, 2024
Employee Contribution Plan [Abstract]
401(K) EMPLOYEE CONTRIBUTION PLAN	NOTE N - 401(K) EMPLOYEE CONTRIBUTION PLAN The Company has a defined contribution 401(k) plan covering all employees, as defined under the plan document. Employees may contribute to the plan, as defined under the plan document, and the Company can make discretionary contributions. The Company contributed $255 thousand and $257 thousand to the plan for the years ended September 30, 2024 and 2023, and is included in compensation and employee benefits in the accompanying Consolidated Statements of Income.

COMMITMENTS

COMMITMENTS	12 Months Ended
	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS	NOTE O - COMMITMENTS 1. Lease Commitments Accounting Standard Update ASC 842, “ Leases The Company has operating leases for six branch locations. Our leases have remaining lease terms of up to 10 years, some of which include options to extend the leases for up to 10 additional years. Operating leases are recorded as ROU assets and lease liabilities and are included within other assets and accounts payable and other liabilities, respectively, on our Consolidated Balance Sheets. On April 1, 2024, the Bank entered into a lease agreement to rent a retail office space in Martinsville, New Jersey to increase its presence in Somerset County. The initial term of the lease is for five years, ending on March 31, 2029, but does include the option for two additional terms of five years each. In accordance with ASC 842, a lease liability Operating lease ROU assets represent our right to use an underlying asset during the lease term and operating lease liabilities represent our obligation to make lease payments arising from the lease. ROU assets and lease liabilities are recognized at lease commencement base on the present value of the remaining lease payments using a discount rate that represents our incremental borrowing rate. The incremental borrowing rate used by the Company to value its operating leases is based on the interpolated term advance rate available from the FHLBNY, based on the remaining lease term. The following table presents the balance sheet information related to our leases: September 30, September 30, 2024 2023 (Dollars in thousands) Operating lease right-of-use asset $ 2,223 $ 2,687 Operating lease liabilities $ 2,413 $ 2,944 Weighted average remaining lease term in years 6.0 6.4 Weighted average discount rate 2.4% 2.2% The following table summarizes the maturity of our remaining lease liabilities by year: September 30, 2024 (In thousands) For the Year Ending: 2025 558 2026 490 2027 370 2028 337 2029 318 2030 and thereafter 600 Total lease payments 2,673 Less imputed interest (260 ) Present value of lease liabilities $ 2,413 Total rental expense, included in occupancy expense, was approximately $809 for the years ended September 30, 2024 and 2023. 2. Contingencies The Company and its subsidiaries, from time to time, are 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.

FINANCIAL INSTRUMENTS WITH OFF-

FINANCIAL INSTRUMENTS WITH OFF-BALANCE-SHEET RISK	12 Months Ended
	Sep. 30, 2024
Financial Instruments with Off-Balance-Sheet Risk [Abstract]
FINANCIAL INSTRUMENTS WITH OFF-BALANCE-SHEET RISK	NOTE P - FINANCIAL INSTRUMENTS WITH OFF-BALANCE-SHEET RISK The Company may use 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 September 30, 2024 and 2023, the Company did not hold any interest rate floors or collars. The Company is a party to interest rate derivatives that are not designated as hedging instruments. Under a program, the Company executes interest rate swaps with commercial lending customers to facilitate their respective risk management strategies. These interest rate swaps with customers are simultaneously offset by interest rate swaps that the Bank executes with a third-party financial institution, such that the Bank minimizes its net risk exposure resulting from such transactions. Because the interest rate swaps associated with this program do not meet the strict hedge accounting requirements, changes in the fair value of both the customer swaps and the offsetting swaps are recognized directly in earnings. The changes in the fair value of the swaps offset each other, except for the credit risk of the counterparties, which is determined by taking into consideration the risk rating, probability of default and loss given default for all counterparties and did not have a significant impact on fair value. The Company had $0 in cash pledged for collateral on its interest rate swaps with financial institutions at September 30, 2024 and 2023. The following table presents summary information regarding these derivatives for September 30, 2024 and 2023. Notional Average Weighted Weighted Average Fair Value (Dollars in thousands) September 30, 2024 Classified in Other Assets: Customer interest rate swaps $ 34,890 3.2 4.96% 1 Mo. BSBY + 2.44 $ 1,405 Total $ 34,890 3.2 4.96% $ 1,405 Classified in Other Liabilities: 3rd Party interest rate swaps $ 34,890 3.2 4.96% 1 Mo. BSBY + 2.44 $ 1,405 Total $ 34,890 3.2 4.96% $ 1,405 September 30, 2023 Classified in Other Assets: Customer interest rate swaps $ 36,020 4.2 4.96% 1 Mo. BSBY + 2.44 $ 2,579 Total $ 36,020 4.2 4.96% $ 2,579 Classified in Other Liabilities: 3rd Party interest rate swaps $ 36,020 4.2 4.96% 1 Mo. BSBY + 2.44 $ 2,579 Total $ 36,020 4.2 4.96% $ 2,579 At September 30, 2024 and 2023, the Company had outstanding commitments (substantially all of which expire within one year) to originate one-to four-family residential loans, construction loans, commercial real estate loans, commercial business loans and consumer loans. These commitments were comprised of fixed and variable rate loans. September 30, 2024 2023 (In thousands) Financial instruments whose contract amounts represent credit risk Letters of credit $ 620 $ 1,073 Unused lines of credit 88,272 89,933 Fixed rate loan commitments 1,804 3,578 Variable rate loan commitments 26,843 26,472 Total $ 117,539 $ 121,056

FAIR VALUE DISCLOSURES

FAIR VALUE DISCLOSURES	12 Months Ended
	Sep. 30, 2024
Fair Value Disclosures [Abstract]
FAIR VALUE DISCLOSURES	NOTE Q - 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 Company’s 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, Fair Value Measurements and Disclosures (“ASC 820”), the Company groups its assets and liabilities at fair value in three levels, based on the markets in which the assets are traded and the reliability of the assumptions used to determine fair value. These levels are: Level 1- Valuation is based upon quoted prices for identical instruments traded in active markets. Level 2- Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active and model-based valuation techniques for which all significant assumptions are observable in the market. Level 3- Valuation is generated from model-based techniques that use significant assumptions not observable in the market. These unobservable assumptions reflect our own estimates of assumptions that market participants would use in pricing the asset or liability. Valuation techniques include the use of option pricing models, discounted cash flow models and similar techniques. The results cannot be determined with precision and may not be realized in an actual sale or immediate settlement of the asset or liability. The Company bases 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 Company’s 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 and government-sponsored enterprise obligations and mortgage-backed securities. The fair values of these securities are obtained from an independent nationally recognized pricing service. An independent pricing service provides prices which are categorized as Level 2, as quoted prices in active markets for identical assets are generally not available for the securities. 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 at September 30, 2024 and 2023: Total Level 1 Level 2 Level 3 (In thousands) September 30, 2024 Assets: Securities available for sale: Obligations of U.S. government agencies: Mortgage-backed securities - residential $ 89 $ — $ 89 $ — Obligations of U.S. government-sponsored enterprises: Mortgage-backed securities-residential 11,506 — 11,506 — Corporate securities 4,021 — 4,021 — Total securities available for sale $ 15,616 $ — $ 15,616 $ — Derivative assets 1,405 — 1,405 — Total assets $ 17,021 $ — $ 17,021 $ — Liabilities: Derivative liabilities $ 1,405 $ — $ 1,405 $ — Total Liabilities $ 1,405 $ — $ 1,405 $ — September 30, 2023 Assets: Securities available for sale: Obligations of U.S. government agencies: Mortgage-backed securities - residential $ 92 $ — $ 92 $ — Obligations of U.S. government-sponsored enterprises: Mortgage-backed securities-residential 10,033 — 10,033 — Total securities available for sale $ 10,125 $ — $ 10,125 $ — Derivative assets 2,579 — 2,579 — Total assets $ 12,704 $ — $ 12,704 $ — Liabilities: Derivative liabilities $ 2,579 $ — $ 2,579 $ — Total Liabilities $ 2,579 $ — $ 2,579 $ — The following is a description of valuation methodologies used for assets measured at fair value on a non-recurring basis. 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; 2) the asset’s observable market price; or 3) the fair value of the collateral if the asset is collateral dependent. The regulatory agencies require this 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 and disposition 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. There were no such loans at September 30, 2024. Appraisals of collateral securing impaired loans are conducted by approved, qualified, and independent third-party appraisers. Such appraisals are ordered via the Bank’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 Other real estate owned is carried at lower of cost or estimated fair value less disposal costs. The estimated fair value of the real estate is determined through current appraisals, and adjusted as necessary, by management, to reflect current market conditions. As such, other real estate owned is generally classified as Level 3. There were no valuation write-downs for the years ended September 30, 2024 and 2023. During the year ended September 30, 2024, the Company recorded valuation write-ups on three properties received through foreclosure. Collateral Dependent Loans Collateral dependent loans are measured and reported at fair value through specific allocations of the allowance for credit losses based on the fair value of the underlying collateral. The following table provides the level of valuation assumptions used to determine the carrying value of the Company’s assets measured at fair value on a non-recurring basis at September 30, 2024 and 2023: Total Level 1 Level 2 Level 3 September 30, 2024 (In thousands) Other real estate owned $ 1,501 — — $ 1,501 Total $ 1,501 $ — $ — $ 1,501 Total Level 1 Level 2 Level 3 September 30, 2023 (In thousands) Impaired loans $ 777 $ — $ — $ 777 Total $ 777 — — $ 777 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 at September 30, 2024 and 2023: Quantitative Information about Level 3 Fair Value Measurements (Dollars in thousands) Fair Value Valuation September 30, 2024 Estimate Techniques Unobservable Input Range (Weighted Average) Other real estate owned $ 1,501 Appraisal Liquidation expenses (2) -13.0% to -19.6% (-14.6%) Quantitative Information about Level 3 Fair Value Measurements (Dollars in thousands) Fair Value Valuation September 30, 2023 Estimate Techniques Unobservable Input Range (Weighted Average) Impaired loans $ 777 Appraisal of collateral (1) Appraisal adjustments (2) -50% to -8.0% (-19.4%) (1) Fair value is generally determined through independent appraisals for the underlying collateral, which generally include various level 3 inputs which are not identifiable. (2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range and weighted average of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal. The following 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 September 30, 2024 and 2023. This table excludes financial instruments for which the carrying amount approximates fair value, which includes cash and cash equivalents, FHLBNY stock, bank owned life insurance, accrued interest receivable, interest and non-interest bearing demand, savings deposits, and accrued interest payable. 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 having no stated maturity. The Company’s bank-owned life insurance is not a marketable asset and may generally only be redeemed with the insurance company, and is therefore not included in the table below. Carrying Fair Fair Value Measurement Placement Value Value (Level 1) (Level 2) (Level 3) (In thousands) September 30, 2024 Financial instruments - assets Investment securities held to maturity $ 79,816 $ 72,617 $ — $ 72,617 $ — Loan receivable net allowance for credit losses 772,614 766,822 — — 766,822 Financial instruments - liabilities Certificates of deposit including retirement certificates 159,652 159,582 — 159,582 — Borrowings 28,568 28,151 — 28,151 — September 30, 2023 Financial instruments - assets Investment securities held-to-maturity $ 85,835 $ 73,728 $ — $ 73,728 $ — Loan receivable net allowance for credit losses 689,070 664,331 — — 664,331 Financial instruments - liabilities Certificates of deposit including retirement certificates 104,668 101,216 — 101,216 — Borrowings 29,515 28,177 — 28,177 —

REGULATORY CAPITAL

REGULATORY CAPITAL	12 Months Ended
	Sep. 30, 2024
Regulatory Capital [Abstract]
REGULATORY CAPITAL	NOTE R - REGULATORY CAPITAL The Company and Bank are required to maintain minimum amounts of capital to total “risk-weighted” assets, as defined by the banking regulators. Failure to meet minimum capital requirements can initiate certain mandatory and possibly discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and Bank must meet specific capital guidelines that involve quantitative measures of the Company’s and Bank’s assets, liabilities, and certain off balance sheet items as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. As of September 30, 2024, the most recent notification from the Federal Deposit Insurance Corporation categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. The following tables set forth the Company’s and the Bank’s actual and required capital levels under those measures: To be well- capitalized under Required for capital prompt corrective September 30, 2024 Company Bank adequacy purposes action provisions Tier 1 leverage ratio 11.64% 11.11% ≥ 4.00% ≥ 5.00% CET1 15.44% 14.75% ≥ 7.00% (1) ≥ 6.50% Tier 1 risk-based capital ratio 15.44% 14.75% ≥ 8.50% (1) ≥ 8.00% Total risk-based capital ratio 16.55% 15.85% ≥ 10.50% (1) ≥ 10.00% September 30, 2023 Tier 1 leverage ratio 12.15% 11.11% ≥ 4.00% ≥ 5.00% CET1 16.37% 14.97% ≥ 7.00% (1) ≥ 6.50% Tier 1 risk-based capital ratio 16.37% 14.97% ≥ 8.50% (1) ≥ 8.00% Total risk-based capital ratio 17.62% 16.22% ≥ 10.50% (1) ≥ 10.00% (1) Includes 2.50% capital conservation buffer

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 7,783	$ 7,709

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	12 Months Ended
	Sep. 30, 2024
Summary of Significant Accounting Policies [Abstract]
Basis of Financial Statement Presentation	1. Basis of Financial Statement Presentation The accounting and reporting policies of the Company conform to accounting principles generally accepted in the United States of America (“US GAAP”) and predominant practices within the banking industry. The consolidated financial statements include the accounts of the Company and its wholly owned subsidiary, the Bank, and its wholly-owned subsidiaries Magyar Investment Company, Magyar Service Corporation, and Hungaria Urban Renewal, LLC. All intercompany balances and transactions have been eliminated in the consolidated financial statements. The Company has evaluated subsequent events and transactions occurring subsequent to the consolidated balance sheet date of September 30, 2024, 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 available to be issued. In preparing financial statements in conformity with US GAAP, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. The principal estimates that are particularly susceptible to significant change in the near term relate to the allowance for credit losses and the deferred tax asset. The evaluation of the adequacy of the allowance for loan losses includes an analysis of the individual loans and overall risk characteristics and size of the different loan portfolios, and takes into consideration current economic and market conditions, the capability of specific borrowers to pay specific loan obligations, as well as current loan collateral values. However, actual losses on specific loans, which also are encompassed in the analysis, may vary from estimated losses. 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 effect on deferred tax assets and liabilities of a change in tax rates is recognized in income tax expense in the period of enactment. The valuation allowance is adjusted, by a charge or credit to income tax expense, as changes in facts and circumstances warrant.
Cash and Cash Equivalents	2. Cash and Cash Equivalents For purposes of reporting cash flows, cash and cash equivalents include cash on hand, amounts due from banks, time deposits with original maturities less than three months and overnight deposits.
Investment Securities and Allowance for Credit Losses	3. Investment Securities and Allowance for Credit Losses The Company classifies its investment securities into one of two portfolios: held to maturity or available for sale. Investments in debt securities that the Company has the positive intent and ability to hold to maturity are classified as held to maturity securities and reported at amortized cost. Debt securities not classified as held to maturity securities are classified as available for sale securities and reported at fair value, with unrealized holding gains or losses, net of deferred income taxes, reported in the accumulated other comprehensive income (“AOCI”) component of stockholders’ equity. Equity securities, with certain exceptions, are measured at fair value with changes in fair value recognized in net income. If the fair value of a security is less than its amortized cost, the security is deemed to be impaired. Management evaluates all securities with unrealized losses quarterly to determine if such impairments are “temporary” or “other-than-temporary” in accordance with applicable accounting guidance. The Company accounts for temporary impairments based upon security classification as either available for sale or held to maturity. Temporary impairments on “available for sale” securities are recognized, on a tax-effected basis, through AOCI with offsetting entries adjusting the carrying value of the security and the balance of deferred taxes. Conversely, the Company does not adjust the carrying value of “held to maturity” securities for temporary impairments, although information concerning the amount and duration of impairments on held to maturity securities is generally disclosed in periodic consolidated financial statements. The Company accounts for other-than-temporary impairments based upon several considerations. First, other-than-temporary impairments on securities that the Company has decided to sell as of the close of a fiscal period, or will, more likely than not, be required to sell prior to the full recovery of their fair value to a level equal to their amortized cost, are recognized in operations. If neither of these criteria apply, then the other-than-temporary impairment is separated into credit-related and noncredit-related components. The credit-related impairment generally represents the amount by which the present value of the cash flows that are expected to be collected on an other-than-temporarily impaired security fall below its amortized cost while the noncredit-related component represents the remaining portion of the impairment not otherwise designated as credit-related. The Company recognizes credit-related, other-than-temporary impairments in earnings, while noncredit-related, other-than-temporary impairments on debt securities are recognized, net of deferred taxes, in AOCI. Premiums and discounts on all securities are amortized or accreted to maturity by use of the level-yield method considering the impact of principal amortization and prepayments on mortgage-backed securities. Gain or loss on sales of securities is recognized on the specific identification method. Allowance for Credit Losses on Held-to-Maturity Securities The Company accounts for its held-to-maturity securities in accordance with Accounting Standards Codification 326-20, Financial Instruments – Credit Loss – Measured at Amortized Cost The Company classifies its held-to-maturity debt securities into the following major security types: obligations of U.S. government agencies, obligations of U.S. government-sponsored enterprises, private label mortgage-backed securities, obligations of state and political subdivisions and corporate securities. Credit ratings of held-to-maturity debt securities, which are a significant input in calculating the expected credit loss, are reviewed on a quarterly basis. Based on the credit ratings of our held-to-maturity securities and our historical experience of no losses, the Company determined that the expected credit losses on its held-to-maturity portfolio is not significant. Accrued interest receivable on held-to-maturity securities totaled $225 thousand as of September 30, 2024 and is included within accrued interest receivable on the Company’s Consolidated Balance Sheets. This amount is excluded from the estimate of expected credit losses. Generally, held-to-maturity securities are classified as nonaccrual when the contractual payment of principal or interest has become 90 days past due or management has serious doubts about the further collectability of principal or interest. When held-to-maturity securities are placed on nonaccrual status, unpaid interest credited to income is reversed against interest income. Allowance for Credit Losses on Available-for-Sale Securities The Company measures expected credit losses on available-for-sale securities when the Bank intends to sell, or when it is not more likely than not that it will be required to sell, the security before recovery of its amortized cost basis. If either of the criteria regarding intent or requirement to sell is met, the amortized cost basis of the security is written down to fair value through income. For available-for-sale securities that do not meet the previously mentioned criteria, the Company evaluates whether the decline in fair value has resulted from credit losses or other factors. In making this assessment, the Company considers the extent to which fair value is less than amortized cost, any changes to the rating of the security by a rating agency, and adverse conditions specifically related to the security, among other factors. If this evaluation indicates that a credit loss exists, the present value of cash flows expected to be collected from the security are compared to the amortized cost basis of the security. If the present value of cash flows expected to be collected is less than the amortized cost basis, a credit loss exists and an allowance for credit losses is recorded for the credit loss, equal to the amount that the fair value is less than the amortized cost basis. Any impairment that has not been recorded through an allowance for credit losses is recognized in other comprehensive income. The allowance for credit loss on available-for-sale securities is included within the recorded balance of securities available-for-sale on the Consolidated Balance Sheets. Changes in the allowance for credit losses are recorded within provision for credit losses on the Consolidated Statements of Income. Losses are charged against the allowance when the Company believes the collectability of an available-for-sale security is in jeopardy or when either of the criteria regarding intent or requirement to sell is met. Accrued interest receivable on available-for-sale securities totaled $162 thousand as of September 30, 2024 and is included within accrued interest receivable on the Company’s Consolidated Balance Sheets. This amount is excluded from the estimate of expected credit losses. Generally, available-for-sale securities are classified as nonaccrual when the contractual payment of principal or interest has become 90 days past due or management has serious doubts about the further collectability of principal or interest. When available-for-sale securities are placed on nonaccrual status, unpaid interest credited to income is reversed against interest income.
Regulatory Stock, at Cost	4. Regulatory Stock, at Cost Federal law requires a member institution of the Federal Home Loan Bank (“FHLB”) system to purchase and hold restricted stock of its district FHLB according to a predetermined formula. The Company invests in Federal Home Loan Bank of New York stock as required to support borrowing activities, as detailed in Note J to these consolidated financial statements. Although FHLB stock is an equity interest in a FHLB, it does not have a readily determinable fair value because its ownership is restricted and it lacks a market. FHLB stock can be sold back only at its par value of $100 per share and only to the FHLBs or to another member institution. Accordingly, the FHLB restricted stock is carried at cost, less any applicable impairment charges.
Loans and Allowance for Credit Losses	5. Loans and Allowance for Credit Losses Loans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are stated at the amount of unpaid principal, adjusted for net deferred loan fees and costs, and reduced by an allowance for credit losses. Interest on loans is accrued and credited to operations based upon the principal amounts outstanding. The allowance for credit losses is established through a provision for possible loan losses charged to operations. Loans are charged against the allowance for credit losses when management believes that the collectability of the principal is unlikely. Income recognition of interest is discontinued when, in the opinion of management, the collectability of such interest becomes doubtful. A loan is generally classified as non-accrual when the scheduled payment(s) due on the loan is delinquent for more than 90 days. When a loan is placed on non-accrual, all previously accrued and unpaid interest is reversed. Loan origination fees and certain direct origination costs are deferred and amortized over the life of the related loans as an adjustment to the yield on loans receivable using the effective interest method. Allowance for Credit Losses on Loans The Company maintains its allowance for credit loss on loans (“ACL”) at a level that management believes to be appropriate to absorb estimated credit losses as of the date of the Consolidated Balance Sheet. The Company established its allowance in accordance with the guidance included in Accounting Standards Codification 326, Financial Instruments – Credit Losses Historical credit loss experience is the basis for the estimate of expected credit losses. We apply our historical loss rates to pools of loans with similar risk characteristics using the Weighted-Average Remaining Maturity (“WARM”) method. The remaining contractual life of the pools of loans with similar risk characteristics is adjusted by expected scheduled payments and prepayments. After consideration of the historical loss calculation, management applies qualitative adjustments to reflect qualitative changes not already reflected in the historical loss information. Our reasonable and supportable forecast adjustment is based on a regional economic indicator obtained from the United States Government Publishing Office. The Company selected eight qualitative metrics which were correlated with the Bank and its peer group’s historical loss patterns. The eight qualitative metrics include: changes in lending policies and procedures, changes in national and local economic conditions as well as business conditions, changes in the nature, complexity, and volume of the portfolio, changes in the experience, ability, and depth of lenders and lending management, changes in the volume and severity of past due and classified loans, changes in the value of collateral securing loans, changes in or the existence of credit concentrations, and changes in the legal and/or regulatory landscape. The adjustments are weighted for relevance before applying to each pool of loans. Each quarter, management reviews the recommended adjustment factors and applies any additional adjustments based on current conditions. The ACL for individual loans begins with the use of normal credit review procedures to identify whether a loan no longer shares similar risk characteristics with other pooled loans and, therefore, should be individually assessed. We individually evaluate loans that meet the following criteria: (1) when it is determined that foreclosure is probable, (2) substandard, doubtful and nonperforming loans when repayment is expected to be provided substantially through the operation or sale of the collateral, or (3) when it is determined by management that a loan does not share similar risk characteristics with other loans. Credit loss estimates are calculated based on the following three acceptable methods for measuring the ACL: (1) the present value of expected future cash flows discounted at the loan’s original effective interest rate; (2) the loan’s observable market price; or (3) the fair value of the collateral when the loan is collateral dependent. Our individual loan evaluations consist primarily of the fair value of collateral method because most of our loans are collateral dependent. Collateral values are reduced to consider expected disposition costs when appropriate. A charge-off is recorded when the estimated fair value of the loan is less than the loan balance. The Company has elected to exclude $4.6 million of accrued interest receivable on loans as of September 30, 2024 from the measurement of its ACL. When a loan is placed on non-accrual status, any outstanding accrued interest is reversed against interest income. Accrued interest on loans is reported in the accrued interest receivable line on the Consolidated Statements of Balance Sheet. Allowance for Credit Losses on Unfunded Loan Commitments The Company estimates expected credit losses over the contractual period in which the Bank is exposed to credit risk via a contractual obligation to extend credit unless that obligation is unconditionally cancellable by the Bank. The allowance for credit losses on unfunded loan commitments is included in accounts payable and other liabilities in the Company’s Consolidated Balance Sheets and is adjusted through credit loss expense. The estimate includes consideration of the likelihood that funding will occur, the amount of funding that will occur and an estimate of expected credit losses on commitments expected to be funded over its estimated life.
Premises and Equipment	6. Premises and Equipment Premises and equipment are carried at cost less accumulated depreciation, and include capitalized expenditures for new facilities, major betterments and renewals. Expenditures for maintenance and repairs are charged to expense as incurred. Depreciation is computed using the straight-line method based upon the estimated useful lives of the related assets for financial reporting purposes and using the mandated methods by asset type for income tax purposes. Leasehold improvements are depreciated using the straight-line method based upon the initial term of the lease. The Company accounts for the impairment of long-lived assets in accordance with US GAAP, which requires recognition and measurement for the impairment of long-lived assets to be held and used or to be disposed of by sale. The Company had no impaired long-lived assets at September 30, 2024 and 2023.
Revenue Recognition	7. Revenue Recognition The Company recognizes revenue in the Consolidated Statements of Income as it is earned and when collectability is reasonably assured. The primary source of revenue is interest income from interest earning assets, which is recognized on the accrual basis of accounting using the effective interest method. The recognition of revenues from interest earning assets is based upon formulas from underlying loan agreements, securities contracts, or other similar contracts. Non-interest income is recognized on the accrual basis of accounting as services are provided or as transactions occur. Non-interest income includes earnings on bank-owned life insurance, deposit accounts, merchant services, ATM and debit card fees, mortgage banking activities, commercial loan prepayment penalties and other miscellaneous services and transactions. The Company’s contracts with customers in the scope of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 606, “ Revenue from Contracts with Customers Revenue from contracts with customers included in service charges was $1.1 million and $1.6 million for the years ended September 30, 2024 and 2023, respectively. Revenue from contracts with customers included in other operating income was $81 thousand and $89 thousand for the years ended September 30, 2024 and 2023, respectively. For our contracts with customers, we satisfy our performance obligations each day as services are rendered. For our deposit account revenue, we receive payment on a daily basis as services are rendered and for our non-deposit investment account revenue, we receive payment on a monthly basis from our third-party service provider as services are rendered.
Other Real Estate Owned	8. Other Real Estate Owned Real estate acquired through foreclosure, or a deed-in-lieu of foreclosure, is recorded at fair value less estimated selling costs at the date of acquisition or transfer, and subsequently at the lower of its net cost or fair value less estimated selling costs. Adjustments to the carrying value at the date of acquisition or transfer are charged to the allowance for loan losses. The carrying value of the individual properties is subsequently adjusted to the extent it exceeds estimated fair value less estimated selling costs, at which time a provision for losses on such real estate is charged to operations. The Company accounts for gains on sales of other real estate owned under ASC Topic 606 Revenue from Contracts with Customers should be accounted for under the new guidance, judgment is required 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. Operating expenses of holding real estate, net of related income, are charged against income as incurred. Losses on the disposition of real estate, including expenses incurred in connection with the disposition, are charged to operations.
Pension and Postretirement Plans	9. Pension and Postretirement Plans The Company sponsors a qualified defined benefit pension plan and a supplemental executive retirement plan (“SERP”). The qualified defined benefit pension plan is funded with trust assets invested in a diversified portfolio of debt and equity securities. Accounting for pensions and other postretirement benefits involves estimating the cost of benefits to be provided well into the future and attributing that cost over the time period each employee works. This involves extensive use of assumptions about inflation, investment returns, mortality, turnover, and discount rates. Among other factors, changes in interest rates, investment returns and the market value of plan assets can (a) affect the level of plan funding; (b) cause volatility in the net periodic pension cost; and (c) increase our future contribution requirements. A significant decrease in investment returns or the market value of plan assets or a significant decrease in interest rates could increase our net periodic pension costs and adversely affect our results of operations. A significant increase in our contribution requirements with respect to our qualified defined benefit pension plan could have an adverse impact on our cash flow. Changes in the key actuarial assumptions would impact net periodic benefit expense and the projected benefit obligation for our defined benefit and other postretirement benefit plan. See Note L, “Pension Plan,” and Note M, “Non-Qualified Compensation Plan” for information on these plans and the assumptions used.
Income Taxes	10. Income Taxes The Company and its subsidiaries file consolidated federal and state income tax returns. Income taxes are allocated based on the contribution of their respective income or loss to the consolidated income tax returns. The Company records income taxes on the basis of reported income using the asset and liability method. Accordingly, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. To the extent that current available evidence about the future raises doubt about the realization of a deferred tax asset, a valuation allowance is established. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. The Company follows the provisions of FASB ASC Topic 740, which provides clarification on accounting for uncertainty in income taxes recognized in an enterprise’s financial statements. The guidance prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return, and also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. At September 30, 2024 and 2023, no significant income tax uncertainties have been included in the Company’s Consolidated Balance Sheets. The Company’s policy is to recognize interest and penalties on unrecognized tax benefits in income tax expense in the Consolidated Statements of Income. No interest and penalties were recorded during the years ended September 30, 2024 and 2023. The tax years subject to examination by the taxing authorities are the years ended September 30, 2019 and forward.
Advertising Costs	11. Advertising Costs The Company expenses advertising costs as incurred.
Earnings Per Share (“EPS”)	12. Earnings Per Share (“EPS”) Basic income per share is calculated by dividing income available to common stockholders by the weighted average number of shares of common stock outstanding for the period. The weighted average common shares outstanding include shares allocated to the Employee Stock Ownership Plan. Diluted income per share is calculated by adjusting the weighted average common shares outstanding to reflect the potential dilution that could occur using the treasury stock method if securities or other contracts to issue common stock, such as stock options and unvested restricted stock, were exercised and converted into common stock. The resulting shares issued would share in the earnings of the Company. Shares issued and shares reacquired during the period are weighted for the portion of the period that they were outstanding. In periods of loss, dilution is not calculated and diluted loss per share is equal to basic loss per share. The following table presents a calculation of basic and diluted earnings per share (“EPS”) for the years ended September 30, 2024 and 2023. Basic and diluted earnings per share were calculated by dividing net income by the weighted-average number of shares outstanding for the periods. Years Ended September 30, 2024 2023 (Dollars in thousands, except Income applicable to common shares $ 7,783 $ 7,709 Weighted average shares outstanding - basic 6,341,610 6,424,796 Potential diliutive common stock equivalents — — Weighted average shares outstanding - diluted 6,341,610 6,424,796 Earnings per share - basic $ 1.23 $ 1.20 Earnings per share - diluted $ 1.23 $ 1.20 All options were anti-dilutive at September 30, 2024 and 2023.
Comprehensive Income and Accumulated Other Comprehensive Loss	13. Comprehensive Income and Accumulated Other Comprehensive Loss Comprehensive income includes net income as well as certain other items which result in a change to equity during the period. The other items allocated to comprehensive income, as well as the related income tax effects, for the years ended September 30, 2024 and 2023 were as follows: September 30, 2024 2023 Net of Net of Before Tax Tax Tax Before Tax Tax Tax Amount Expense Amount Amount Expense Amount (In thousands) Unrealized holding gain (loss) arising during period on: Available-for-sale investments $ 834 $ (205 ) $ 629 $ (47 ) $ 12 $ (35 ) Defined benefit pension plan 297 (91 ) 206 394 (122 ) 272 Total unrealized holding gain arising during period 1,131 (296 ) 835 347 (110 ) 237 Reclassification of pension costs 53 (15 ) 38 122 (34 ) 88 Other comprehensive income, net $ 1,184 $ (311 ) $ 873 $ 469 $ (144 ) $ 325 (a) All amounts are net of tax. Related income tax expense or benefit calculated using an income tax rate approximating 25% for available-for-sale investments and 28% for pension plan. Details about the reclassification of accumulated other comprehensive loss components and the affected line item in the Consolidated Statements of Income for the years ended September 30, 2024 and 2023 were as follows: Amount Reclassified From Accumulated Other Comprehensive Affected Line Item in the Consolidated Loss For the Year Ended September 30, Statements of Income 2024 2023 (In thousands) Defined benefit pension plan (1) Amortization of net gain and prior service costs $ 53 $ 122 Other expenses Related income tax benefit (15 ) (34 ) Income taxes Net effect on accumulated other comprehensive loss 38 88 Total reclassification $ 38 $ 88 (1) The components of accumulated other comprehensive loss at September 30, 2024 and 2023 were as follows: September 30, 2024 2023 (In thousands) Available-for-sale investments, net of tax $ (853 ) $ (1,481 ) Defined benefit pension plan, net of tax (63 ) (308 ) Total accumulated other comprehensive loss $ (916 ) $ (1,789 )
Bank-Owned Life Insurance	14. Bank-Owned Life Insurance The Company has purchased Bank-Owned Life Insurance (“BOLI”) policies. BOLI involves the purchasing of life insurance by the Company on directors and officers of the Bank. The proceeds are used to help defray the costs of non-qualified compensation plans. The Company is the owner and beneficiary of the policies. BOLI is recorded on the Consolidated Balance Sheets at its cash surrender value and changes in the cash surrender value are recorded in other income in the Consolidated Statements of Income.
Off-Balance Sheet Credit Related Financial Instruments	15. Off-Balance Sheet Credit Related Financial Instruments In the ordinary course of business, the Company has entered into commitments to extend credit, including commitments under commercial lines of credit. Such financial instruments are recorded when they are funded. The Company does not engage in the use of derivative financial instruments. See Note P, “Financial Instruments With Off-Balance Risk.”
Segment Reporting	16. Segment Reporting The Company acts as an independent, community, financial services provider, and offers traditional banking and related financial services to individual, business and government customers. The Company offers a full array of commercial and retail financial services, including the taking of time, savings and demand deposits; the making of commercial, consumer and home equity loans; and the provision of other financial services. Management does not separately allocate expenses, including the cost of funding loan demand, between the commercial and retail operations of the Company. As such, discrete financial information is not available and segment reporting would not be meaningful.
New Accounting Pronouncements	17. New Accounting Pronouncements In connection with the preparation of quarterly and annual reports in accordance with the Securities and Exchange Commission’s (“SEC”) Securities Exchange Act of 1934, SEC Staff Accounting Bulletin Topic 11.M requires the disclosure of the impact that recently issued accounting standards will have on financial statements when they are adopted in the future. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments Results and disclosures for reporting periods beginning after October 1, 2023 are presented under ASC 326 while prior period amounts continue to be reported in accordance with previously applicable GAAP. The impact of the change from the incurred loss model to the current expected credit loss model using ACL is included in the following table: October 1, 2023 Adoption Pre-adoption Impact As Reported (In thousands) Assets ACL on debt securities held-to-maturity $ — $ — $ — ACL on loans One-to-four family residential 1,259 7 1,266 Commercial real estate 5,277 (589 ) 4,688 Construction and land 472 (55 ) 417 Home equity loans and lines of credit 207 (87 ) 120 Commercial business 939 (133 ) 806 Other 176 (175 ) 1 Liabilities ACL on unfunded commitments — 540 540 Total $ 8,330 $ (492 ) $ 7,838 In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848 extends the expiration date of Accounting Standards Codification (ASC) Topic 848 to December 31, 2024. ASU 2022-06 is effective for all reporting entities immediately upon issuance and must be applied on a prospective basis. These updates are not expected to have a significant impact on the Company’s financial statements. In March 2022, the FASB issued ASU 2022-02, Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures
Subsequent Events	18. Subsequent Events On October 31, 2024, the Company announced that its Board of Directors has approved a quarterly cash dividend of $0.05 per common share to shareholders of record at the close of business on November 14, 2024, payable on November 27, 2024. On November 22, 2024, the Company declared a special dividend of $0.04 per common share, payable on December 20, 2024, to shareholders of record at the close of business on December 6, 2024.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Sep. 30, 2024
Summary of Significant Accounting Policies [Abstract]
Schedule of Basic and Diluted Earnings Per Share	Basic and diluted earnings per share were calculated by dividing net income by the weighted-average number of shares outstanding for the periods. Years Ended September 30, 2024 2023 (Dollars in thousands, except Income applicable to common shares $ 7,783 $ 7,709 Weighted average shares outstanding - basic 6,341,610 6,424,796 Potential diliutive common stock equivalents — — Weighted average shares outstanding - diluted 6,341,610 6,424,796 Earnings per share - basic $ 1.23 $ 1.20 Earnings per share - diluted $ 1.23 $ 1.20
Schedule of Comprehensive Income	The other items allocated to comprehensive income, as well as the related income tax effects, for the years ended September 30, 2024 and 2023 were as follows: September 30, 2024 2023 Net of Net of Before Tax Tax Tax Before Tax Tax Tax Amount Expense Amount Amount Expense Amount (In thousands) Unrealized holding gain (loss) arising during period on: Available-for-sale investments $ 834 $ (205 ) $ 629 $ (47 ) $ 12 $ (35 ) Defined benefit pension plan 297 (91 ) 206 394 (122 ) 272 Total unrealized holding gain arising during period 1,131 (296 ) 835 347 (110 ) 237 Reclassification of pension costs 53 (15 ) 38 122 (34 ) 88 Other comprehensive income, net $ 1,184 $ (311 ) $ 873 $ 469 $ (144 ) $ 325
Schedule of Accumulated Other Comprehensive Loss	Details about the reclassification of accumulated other comprehensive loss components and the affected line item in the Consolidated Statements of Income for the years ended September 30, 2024 and 2023 were as follows: Amount Reclassified From Accumulated Other Comprehensive Affected Line Item in the Consolidated Loss For the Year Ended September 30, Statements of Income 2024 2023 (In thousands) Defined benefit pension plan (1) Amortization of net gain and prior service costs $ 53 $ 122 Other expenses Related income tax benefit (15 ) (34 ) Income taxes Net effect on accumulated other comprehensive loss 38 88 Total reclassification $ 38 $ 88 (1)
Schedule Components of Accumulated Other Comprehensive Loss	The components of accumulated other comprehensive loss at September 30, 2024 and 2023 were as follows: September 30, 2024 2023 (In thousands) Available-for-sale investments, net of tax $ (853 ) $ (1,481 ) Defined benefit pension plan, net of tax (63 ) (308 ) Total accumulated other comprehensive loss $ (916 ) $ (1,789 )
Schedule of Allowance for Credit Loss	The impact of the change from the incurred loss model to the current expected credit loss model using ACL is included in the following table: October 1, 2023 Adoption Pre-adoption Impact As Reported (In thousands) Assets ACL on debt securities held-to-maturity $ — $ — $ — ACL on loans One-to-four family residential 1,259 7 1,266 Commercial real estate 5,277 (589 ) 4,688 Construction and land 472 (55 ) 417 Home equity loans and lines of credit 207 (87 ) 120 Commercial business 939 (133 ) 806 Other 176 (175 ) 1 Liabilities ACL on unfunded commitments — 540 540 Total $ 8,330 $ (492 ) $ 7,838

STOCK-BASED COMPENSATION AND _2

STOCK-BASED COMPENSATION AND STOCK REPURCHASE PROGRAM (Tables)	12 Months Ended
	Sep. 30, 2024
Stock-Based Compensation and Stock Repurchase Program [Abstract]
Schedule of Stock Option Activity	The following is a summary of the status of the Company’s stock option activity and related information for the year ended September 30, 2024: Shares Weighted Weighted Aggregate Balance at September 30, 2023 293,200 $ 12.58 8.98 $ — Granted — — — — Exercised — — — — Forfeited — — — — Expired — — — — Balance at September 30, 2024 293,200 $ 12.58 7.98 $ — Exercisable at September 30, 2024 117,280 $ 12.58 7.98 $ —
Schedule of Non-vested Restricted Shares	The following is a summary of the status and changes of the Company’s non-vested restricted shares as of September 30, 2024 and during the year then ended: Shares Weighted Balance at September 30, 2023 124,320 $ 12.63 Granted — — Vested (31,080 ) 12.63 Forfeited — — Balance at September 30, 2024 93,240 $ 12.63
Schedule of Components of the ESOP Shares	The following table presents the components of the ESOP shares for the years ended September 30, 2024 and 2023: Unreleased shares at September 30, 2022 302,373 Shares released for allocation during the year ended September 30, 2023 (12,060 ) Unreleased shares at September 30, 2023 290,313 Shares released for allocation during the year ended September 30, 2024 (12,150 ) Unreleased shares at September 30, 2024 278,163 Total released shares 186,940 Total ESOP shares 465,103

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	12 Months Ended
	Sep. 30, 2024
Investment Securities [Abstract]
Schedule of Unrealized Losses for which an Allowance for Credit Loss	The following table summarizes the amortized cost and fair values of securities classified as available-for-sale and held-to-maturity at September 30, 2024: September 30, 2024 Gross Gross Allowance for Amortized Unrealized Unrealized Credit Fair Cost Gains Losses Losses Value (In thousands) Securities available-for-sale: Obligations of U.S. government agencies: Mortgage backed securities - residential $ 95 $ — $ (6 ) $ — $ 89 Obligations of U.S. government-sponsored enterprises: Mortgage-backed securities-residential 12,652 56 (1,202 ) — 11,506 Corporate securities 4,000 21 — — 4,021 Total securities available-for-sale $ 16,747 $ 77 $ (1,208 ) $ — $ 15,616 Securities held-to-maturity: Obligations of U.S. government agencies: Mortgage-backed securities - residential $ 7,209 $ — $ (611 ) $ — $ 6,598 Mortgage-backed securities - commercial 4,268 64 (23 ) — 4,309 Obligations of U.S. government-sponsored enterprises: Mortgage backed securities - residential 42,701 4 (5,194 ) — 37,511 Debt securities 19,000 13 (865 ) — 18,148 Private label mortgage-backed securities - residential 190 — (5 ) — 185 Obligations of state and political subdivisions 3,448 3 (351 ) — 3,100 Corporate securities 3,000 — (234 ) — 2,766 Total securities held-to-maturity $ 79,816 $ 84 $ (7,283 ) $ — $ 72,617 Total investment securities $ 96,563 $ 161 $ (8,491 ) $ — $ 88,233 September 30, 2023 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 $ 106 $ — $ (14 ) $ 92 Obligations of U.S. government-sponsored enterprises: Mortgage-backed securities-residential 11,984 — (1,951 ) 10,033 Total securities available-for-sale $ 12,090 $ — $ (1,965 ) $ 10,125 Securities held-to-maturity: Obligations of U.S. government agencies: Mortgage-backed securities - residential $ 5,070 $ — $ (850 ) $ 4,220 Mortgage-backed securities - commercial 2,509 — (16 ) 2,493 Obligations of U.S. government-sponsored enterprises: Mortgage backed securities - residential 48,086 — (8,480 ) 39,606 Debt securities 23,497 — (1,947 ) 21,550 Private label mortgage-backed securities - residential 207 — (12 ) 195 Obligations of state and political subdivisions 3,466 — (605 ) 2,861 Corporate securities 3,000 — (197 ) 2,803 Total securities held-to-maturity $ 85,835 $ — $ (12,107 ) $ 73,728 Total investment securities $ 97,925 $ — $ (14,072 ) $ 83,853
Schedule of Maturities Debt Securities and Mortgage Backed Securities Held to Maturity	The contractual maturities of the debt securities, municipal bonds and certain information regarding the mortgage-backed securities available-for-sale at September 30, 2024 are summarized in the following table: September 30, 2024 Amortized Fair Cost Value (In thousands) Due within 1 year $ — $ — Due after 1 but within 5 years — — Due after 5 but within 10 years 4,000 4,021 Due after 10 years — — Total debt securities 4,000 4,021 Mortgage-backed securities: Residential 12,747 11,595 Commercial — — Total $ 16,747 $ 15,616 September 30, 2024 Amortized Fair Cost Value (In thousands) Due within 1 year $ 9,500 $ 9,317 Due after 1 but within 5 years 12,179 11,413 Due after 5 but within 10 years 3,769 3,284 Due after 10 years — — Total debt securities 25,448 24,014 Mortgage backed securities: Residential 50,100 44,294 Commercial 4,268 4,309 Total $ 79,816 $ 72,617
Schedule of Unrealized Losses for which an Allowance for Credit Loss	Details of available-for-sale securities with unrealized losses for which an allowance for credit losses has not been recorded at September 30, 2024 are as follows: 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) September 30, 2024 Securities available-for-sale Obligations of U.S. government agencies: Mortgage-backed securities - residential 1 $ — $ — $ 88 $ (6 ) $ 88 $ (6 ) Obligations of U.S. government-sponsored enterprises Mortgage-backed securities - residential 8 — — 7,550 (1,202 ) 7,550 (1,202 ) Total 9 $ — $ — $ 7,638 $ (1,208 ) $ 7,638 $ (1,208 ) 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) September 30, 2023 Obligations of U.S. government agencies: Mortgage-backed securities- residential 6 $ — $ — $ 4,312 $ (864 ) $ 4,312 $ (864 ) Mortgage-backed securities - commercial 2 1,926 (14 ) 567 (2 ) 2,493 (16 ) Obligations of U.S. government-sponsored enterprises Mortgage backed securities- residential 50 4,938 (49 ) 44,485 (10,382 ) 49,423 (10,431 ) Debt securities 12 — — 21,550 (1,947 ) 21,550 (1,947 ) Private label mortgage-backed securities- residential 1 — — 195 (12 ) 195 (12 ) Obligations of state and political subdivisions 7 789 (43 ) 2,072 (562 ) 2,861 (605 ) Corporate securities 1 — — 2,803 (197 ) 2,803 (197 ) Total 79 $ 7,653 $ (106 ) $ 75,984 $ (13,966 ) $ 83,637 $ (14,072 )
Schedule of Amortized Cost of Held-to-Maturity Debt Securities	The following table summarizes the amortized cost of held-to-maturity debt securities at September 30, 2024, aggregated by credit quality indicator: Credit Rating September 30, 2024 AAA/AA/A BBB/BB/B Non-rated (In thousands) Securities held to maturity: Obligations of U.S. government agencies: Mortgage-backed securities - residential $ 7,209 $ — $ — Mortgage-backed securities - commercial 4,268 — — Obligations of U.S. government-sponsored enterprises: Mortgage backed securities - residential 42,701 — — Debt securities 19,000 — — Private label mortgage-backed securities - residential 190 — — Obligations of state and political subdivisions 3,448 — — Corporate securities 3,000 — — Total held to maturity debt securities $ 79,816 $ — $ —

LOANS RECEIVABLE, NET (Tables)

LOANS RECEIVABLE, NET (Tables)	12 Months Ended
	Sep. 30, 2024
Loans Receivable, Net [Abstract]
Schedule of Loans Receivable	Loans receivable, net allowance for credit losses were comprised of the following: September 30, 2024 2023 (In thousands) One-to-four family residential $ 246,201 $ 237,683 Commercial real estate 461,319 389,134 Construction and land 22,722 21,853 Home equity loans and lines of credit 24,728 16,983 Commercial business 24,011 30,194 Other 2,235 2,359 Total loans receivable 781,216 698,206 Net deferred loan costs (1,054 ) (806 ) Total loans receivable, net 780,162 697,400
Schedule of Loan Portfolio	The following table presents the classes of the loan portfolio by origination year summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful for loans subject to the Company’s internal risk rating system and by performing status for all other loans as of September 30, 2024. Revolving Loans September 30, 2024 Amortized Converted Term Loans Amortized Cost Basis by Origination Fiscal Year Cost Basis to Term Total 2024 2023 2022 2021 2020 Prior (In thousands) One-to-four family residential Performing $ 32,624 $ 42,084 $ 31,711 $ 25,970 $ 29,976 $ 83,378 $ 342 $ — $ 246,085 Non-performing — — 94 — 22 — — — 116 Total $ 32,624 $ 42,084 $ 31,805 $ 25,970 $ 29,998 $ 83,378 $ 342 $ — $ 246,201 Current period gross charge-offs — — — — — — — — — Commercial real estate Pass $ 88,597 $ 84,674 $ 66,412 $ 64,573 $ 29,568 $ 122,605 $ 3,718 $ 932 $ 461,079 Special Mention — — — — — 124 — — 124 Substandard — — — — — 116 — — 116 Doubtful — — — — — — — — — Total $ 88,597 $ 84,674 $ 66,412 $ 64,573 $ 29,568 $ 122,845 $ 3,718 $ 932 $ 461,319 Current period gross charge-offs — — — — — — — — — Construction and land Pass $ 5,650 $ 10,061 $ — $ — $ 1,156 $ 4,069 $ 1,786 $ — $ 22,722 Special Mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Total $ 5,650 $ 10,061 $ — $ — $ 1,156 $ 4,069 $ 1,786 $ — $ 22,722 Current period gross charge-offs — — — — — — — — — Home equity loans and lines of credit Performing $ 1,585 $ 1,561 $ 1,600 $ 309 $ 247 $ 1,220 $ 17,902 $ 304 $ 24,728 Non-performing — — — — — — — — — Total $ 1,585 $ 1,561 $ 1,600 $ 309 $ 247 $ 1,220 $ 17,902 $ 304 $ 24,728 Current period gross charge-offs — — — — — — — — — Commercial business Pass $ 2,062 $ 507 $ 2,517 $ 2,298 $ 802 $ 2,565 $ 13,072 $ 188 $ 24,011 Special Mention — — — — — — — — — Substandard — — — — — — — — — Doubtful — — — — — — — — — Total $ 2,062 $ 507 $ 2,517 $ 2,298 $ 802 $ 2,565 $ 13,072 $ 188 $ 24,011 Current period gross charge-offs — — — — — — — — — Other Performing $ 61 $ — $ 47 $ — $ 9 $ 1,771 $ 347 $ — $ 2,235 Non-performing — — — — — — — — — Total $ 61 $ — $ 47 $ — $ 9 $ 1,771 $ 347 $ — $ 2,235 Current period gross charge-offs — — — — — — — — —
Schedule of Bank’s Internal Risk Rating System	The following table presents more comparable information Special Pass Mention Substandard Doubtful Total (In thousands) September 30, 2023 One-to four-family residential $ 236,876 $ — $ 807 $ — $ 237,683 Commercial real estate 386,794 116 2,224 — 389,134 Construction and land 19,379 — 2,474 — 21,853 Home equity loans and lines of credit 16,983 — — — 16,983 Commercial business 30,194 — — — 30,194 Other 2,359 — — — 2,359 Total $ 692,585 $ 116 $ 5,505 $ — $ 698,206
Schedule of the Loan Portfolio by Analyzing the Age	The following table presents the classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans for the periods presented: 30-59 60-89 Days Days 90 Days + Total Current Past Due Past Due Past Due Loans (In thousands) September 30, 2024 One-to-four family residential $ 245,458 $ — $ 627 $ 116 $ 246,201 Commercial real estate 461,203 — — 116 461,319 Construction and land 22,722 — — — 22,722 Home equity loans and lines of credit 24,492 — 236 — 24,728 Commercial business 23,870 141 — — 24,011 Other 2,235 — — — 2,235 Total $ 779,980 $ 141 $ 863 $ 232 $ 781,216 30-59 60-89 Days Days 90 Days + Total Current Past Due Past Due Past Due Loans (In thousands) September 30, 2023 One-to four-family residential $ 236,729 $ — $ 568 $ 386 $ 237,683 Commercial real estate 386,794 — 116 2,224 389,134 Construction and land 19,379 — — 2,474 21,853 Home equity loans and lines of credit 16,983 — — — 16,983 Commercial business 30,047 147 — — 30,194 Other 2,359 — — — 2,359 Total $ 692,291 $ 147 $ 684 $ 5,084 $ 698,206
Schedule of Non-Accrual Loans Related Allowance for Credit Loss by Loan	The following tables present our non-accrual loans by loan type as of September 30, 2024 and the non-accrual loans and specific reserves by loan type as of September 30, 2023. Total Non-Accrual Non-Accrual Non-Accrual with ACL without ACL (In thousands) September 30, 2024 One-to-four family residential $ 116 $ — $ 116 Commercial real estate 116 — 116 Total $ 232 $ — $ 232 Non- Specific Accrual Reserve (In thousands) September 30, 2023 One-to four-family residential $ 386 $ — Commercial real estate 2,224 — Construction and land 2,474 — Total $ 5,084 $ —
Schedule of Non-Performing Collateral Dependent Loans	The following table identifies our non-performing, collateral dependent loans by collateral type as of September 30, 2024: September 30, 2024 Real-estate type: (In thousands) One- to four-family residential $ 116 Commercial real estate 116 Total $ 232
Schedule of Impaired Loans	The following table presents impaired loans by class, segregated by those for which a specific allowance was required and those for which a specific allowance was not necessary as of September 30, 2023: Impaired Loans with Impaired Loans with No Specific Specific Allowance Allowance Total Impaired Loans Unpaid Recorded Related Recorded Recorded Principal Investment Allowance Investment Investment Balance September 30, 2023 (In thousands) One-to four-family residential $ — $ — $ 2,031 $ 2,031 $ 2,031 Commercial real estate — — 2,969 2,969 2,969 Construction and land — — 2,474 2,474 2,539 Commercial business — — 147 147 147 Total impaired loans $ — $ — $ 7,621 $ 7,621 $ 7,686
Schedule of Allowance for Loan Losses by Loan Category	The following tables present, by loan category, the changes in the allowance for credit losses for the year ended September 30, 2024 and 2023. One-to Four- Home Equity Family Commercial Construction Loans and Lines Commercial Residential Real Estate and Land of Credit Business Other Unallocated Total (In thousands) Balance-September 30, 2023 $ 1,259 $ 5,277 $ 472 $ 207 $ 939 $ 2 $ 174 $ 8,330 Effect of adopting ASU 2016-13 7 (589 ) (55 ) (87 ) (133 ) (1 ) (174 ) (1,032 ) Charge-offs — — — — — — — — Recoveries 1 — 65 — 2 — — 68 Provision (credit) (512 ) 646 142 (90 ) (3 ) (1 ) — 182 Balance-September 30, 2024 $ 755 $ 5,334 $ 624 $ 30 $ 805 $ — $ — $ 7,548 One-to Four- Home Equity Family Commercial Construction Loans and Lines Commercial Residential Real Estate and Land of Credit Business Other Unallocated Total (In thousands) Balance-September 30, 2022 $ 1,223 $ 4,612 $ 461 $ 263 $ 1,484 $ 1 $ 389 $ 8,433 Charge-offs — — — — (488 ) — — (488 ) Recoveries 4 — — — — — — 4 Provision (credit) 32 665 11 (56 ) (57 ) 1 (215 ) 381 Balance-September 30, 2023 $ 1,259 $ 5,277 $ 472 $ 207 $ 939 $ 2 $ 174 $ 8,330 One-to-Four Home Equity Family Commercial Construction Loans and Lines Commercial Residential Real Estate and Land of Credit Business Other Unallocated Total (In thousands) Balance - September 30, 2023 $ 1,259 $ 5,277 $ 472 $ 207 $ 939 $ 2 $ 174 $ 8,330 Individually evaluated for impairment — — — — — — — — Collectively evaluated for impairment 1,259 5,277 472 207 939 2 174 8,330 Loans receivable: Balance - September 30, 2023 $ 237,683 $ 389,134 $ 21,853 $ 16,983 $ 30,194 $ 2,359 $ — $ 698,206 Individually evaluated for impairment 2,031 2,969 2,474 — 147 — — 7,621 Collectively evaluated for impairment 235,652 386,165 19,379 16,983 30,047 2,359 — 690,585
Schedule of Troubled Debt Restructuring	The following table presents information on TDRs for the year ended September 30, 2023: Number of Investment Before Investment After Loans TDR Modification TDR Modification (Dollars in thousands) September 30, 2023 One-to four-family residential 1 $ 97 $ 106 Total 1 $ 97 $ 106

PREMISES AND EQUIPMENTS (Tables

PREMISES AND EQUIPMENTS (Tables)	12 Months Ended
	Sep. 30, 2024
Premises and Equipments [Abstract]
Schedule of Premises and Equipments	Premises and equipment consist of the following: Estimated September 30, Useful Lives 2024 2023 (In thousands) Land Indefinite $ 3,095 $ 3,811 Buildings and improvements 10-40 years 22,441 21,923 Furniture, fixtures and equipment 5-10 years 4,154 3,860 29,690 29,594 Less accumulated depreciation (17,145 ) (16,255 ) Premises and equipment, net $ 12,545 $ 13,339

DEPOSITS (Tables)

DEPOSITS (Tables)	12 Months Ended
	Sep. 30, 2024
Deposits [Abstract]
Schedule of Deposits by Type of Account	A summary of deposits by type of account follows: September 30, 2024 2023 (In thousands) Demand accounts $ 132,837 $ 188,550 Savings accounts 52,853 62,168 NOW accounts 146,744 115,182 Money market accounts 304,588 284,885 Certificate of deposit 146,674 92,725 Retirement accounts 12,978 11,943 Total deposits $ 796,674 $ 755,453
Schedule of Contractual Maturities of Certificates of Deposit	At September 30, 2024, certificates of deposit (including retirement accounts and brokered certificate deposit accounts) have contractual maturities as follows (in thousands): Years Ending September 30, 2025 $ 99,174 2026 18,096 2027 6,896 2028 19,409 2029 14,993 2030 and after 1,084 Total $ 159,652

BORROWINGS (Tables)

BORROWINGS (Tables)	12 Months Ended
	Sep. 30, 2024
Borrowings [Abstract]
Schedule of Long Term of FHLBNY Advances	Long term FHLBNY advances as of September 30, 2024 mature as follows (in thousands): Years Ending September 30, 2025 $ 3,500 2026 1,631 2027 9,437 2028 14,000 2029 — Thereafter — Total $ 28,568
Schedule of Short-Term Arrangements with the FHLBNY	Information concerning short-term arrangement with the FHLBNY is summarized as follows: September 30, 2024 2023 (Dollars in thousands) Balance at end of year $ — $ — Weighted average balance during the year $ — $ 1,283 Maximum month-end balance during the year $ — $ 16,450 Average interest rate during the year N/A 4.65%

SERVICING POLICY (Tables)

SERVICING POLICY (Tables)	12 Months Ended
	Sep. 30, 2024
Servicing Policy [Abstract]
Schedule of Activity in Mortgage Servicing Rights	Activity in loan servicing rights during the years ended September 30, 2024 and 2023 are summarized as follows: September 30, 2024 2023 (In thousands) Beginning balance $ 28 $ — Origination of mortgage servicing rights 151 28 Amortization (20 ) — Ending balance $ 159 $ 28

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Sep. 30, 2024
Income Taxes [Abstract]
Schedule of Income Tax Expense	The Company’s income tax expense is comprised of the following components for the years ended September 30, 2024 and 2023: For the Year Ended September 30, 2024 2023 (In thousands) Current $ 3,423 $ 3,647 Deferred (106 ) (615 ) Total income tax expense $ 3,317 $ 3,032
Schedule of Reconciliation of Income Tax	A reconciliation of income tax at the statutory tax rate to the effective income tax expense for the years ended September 30, 2024 and 2023 is as follows: September 30, 2024 2023 (In thousands) Income tax expense at statutory rate $ 2,331 $ 2,256 Increase (decrease) resulting from: State income taxes, net of federal income tax benefit 1,005 931 Tax-exempt income, net (103 ) (90 ) BOLI policy surrender tax 277 — Nondeductible expenses 56 58 Share based compensation 40 54 Employee stock ownership plan 6 11 Other, net (295 ) (188 ) Total income tax expense $ 3,317 $ 3,032
Schedule of Deferred Tax Effect	The major sources of temporary differences and their deferred tax effect at September 30, 2024 and 2023 are as follows: September 30, 2024 2023 (In thousands) Allowance for credit losses $ 2,248 $ 2,342 Net unrealized loss, investment securities available-for-sale 278 483 Deferred loan fees 296 287 Unrealized loss, minimum pension liability 132 132 Employee benefits 340 265 Allowance for transaction expense 6 11 Straight line rent 54 72 Gross deferred tax asset 3,354 3,592 Depreciation (551 ) (588 ) Mortgage servicing rights (45 ) (8 ) Gross deferred tax liability (596 ) (596 ) Net deferred tax asset, included in other assets $ 2,758 $ 2,996

PENSION PLAN (Tables)

PENSION PLAN (Tables)	12 Months Ended
	Sep. 30, 2024
Pension Plan [Abstract]
Schedule of Plan's Funded Status and Amounts Recognized	The following table sets forth the Plan’s funded status and amounts recognized in the Company’s Consolidated Balance Sheets at September 30, 2024 and September 30, 2023. September 30, 2024 2023 (In thousands) Actuarial present value of benefit obligations $ 3,697 $ 3,495 Change in benefit obligations Projected benefit obligation, beginning $ 3,495 $ 3,735 Interest cost 193 190 Actuarial (gain) loss 283 (181 ) Annuity payments and lump sum distributions (274 ) (249 ) Projected benefit obligation, end $ 3,697 $ 3,495 Change in plan assets Fair value of assets, beginning $ 4,076 $ 3,886 Actual return on plan assets 816 438 Annuity payments and lump sum distributions (274 ) (248 ) Fair value of assets, end $ 4,618 $ 4,076 Funded status included with other assets $ 921 $ 580
Schedule of Net Pension Costs	Net pension cost for the years ended September 30, 2024 and 2023 included the following components: September 30, 2024 2023 (In thousands) Service cost benefits earned during the year $ — $ — Interest cost on projected benefit obligation 193 190 Expected return on plan assets (236 ) (226 ) Amortization of unrecognized net loss 53 122 Net pension cost $ 10 $ 86
Schedule of Weighted-Average Asset Allocations by Asset Category	The Plan’s weighted-average asset allocations at September 30, 2024 and 2023, by asset category are as follows: September 30, 2024 2023 Equity securities 65% 63% Debt securities (bond mutual funds) 32% 36% Other (money market fund) 2% 2% Total 100% 100%
Schedule of Expected Benefit Payments	The following benefit payments are expected to be paid as follows (in thousands): October 1, 2024 through September 30, 2025 $ 276 October 1, 2025 through September 30, 2026 275 October 1, 2026 through September 30, 2027 274 October 1, 2027 through September 30, 2028 271 October 1, 2028 through September 30, 2029 269 October 1, 2029 through September 30, 2034 1,263 Total $ 2,628
Schedule of Plan Assets that are Measured at Fair Value	The following table presents the Plan assets that are measured at fair value on a recurring basis by level within the fair value hierarchy under ASC Topic 820. Financial assets are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. See Note Q for further detail regarding fair value hierarchy. Fair Value Measurements at Reporting Date Using: Quoted Prices Significant in Active Markets Other Significant for Identical Observable Unobservable Total Assets (Level 1) Inputs (Level 2) Inputs (Level 3) (In thousands) At September 30, 2024 Investment Type Mutual Funds - Equity Large - Cap Value $ 738 $ 738 $ — $ — Large - Cap Core 628 628 — — Mid - Cap Core 591 591 — — Small - Cap Core 484 484 — — Non - U.S. Core 581 581 — — Mutual Funds - Fixed Income Intermediate Duration 707 707 — — Short - Duration Corporate 787 787 — — Cash Equivalents Money Market 102 102 — — Total Investment $ 4,618 $ 4,618 $ — $ — At September 30, 2023 Investment Type Mutual Funds - Equity Large - Cap Value $ 682 $ 682 $ — $ — Large - Cap Core 525 525 — — Mid - Cap Core 459 459 — — Small - Cap Core 429 429 — — Non - U.S. Core 465 465 — — Mutual Funds - Fixed Income Intermediate Duration 634 634 — — Short - Duration Corporate 816 816 — — Cash Equivalents Money Market 65 65 — — Total Investment $ 4,075 $ 4,075 $ — $ —

COMMITMENTS (Tables)

COMMITMENTS (Tables)	12 Months Ended
	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Schedule of Balance Sheet Information Related to Leases	The following table presents the balance sheet information related to our leases: September 30, September 30, 2024 2023 (Dollars in thousands) Operating lease right-of-use asset $ 2,223 $ 2,687 Operating lease liabilities $ 2,413 $ 2,944 Weighted average remaining lease term in years 6.0 6.4 Weighted average discount rate 2.4% 2.2%
Schedule of Maturity of Remaining Lease Liabilities	The following table summarizes the maturity of our remaining lease liabilities by year: September 30, 2024 (In thousands) For the Year Ending: 2025 558 2026 490 2027 370 2028 337 2029 318 2030 and thereafter 600 Total lease payments 2,673 Less imputed interest (260 ) Present value of lease liabilities $ 2,413

FINANCIAL INSTRUMENTS WITH OF_2

FINANCIAL INSTRUMENTS WITH OFF-BALANCE-SHEET RISK (Tables)	12 Months Ended
	Sep. 30, 2024
Financial Instruments with Off-Balance-Sheet Risk [Abstract]
Schedule of Information Regarding Derivatives	The following table presents summary information regarding these derivatives for September 30, 2024 and 2023. Notional Average Weighted Weighted Average Fair Value (Dollars in thousands) September 30, 2024 Classified in Other Assets: Customer interest rate swaps $ 34,890 3.2 4.96% 1 Mo. BSBY + 2.44 $ 1,405 Total $ 34,890 3.2 4.96% $ 1,405 Classified in Other Liabilities: 3rd Party interest rate swaps $ 34,890 3.2 4.96% 1 Mo. BSBY + 2.44 $ 1,405 Total $ 34,890 3.2 4.96% $ 1,405 September 30, 2023 Classified in Other Assets: Customer interest rate swaps $ 36,020 4.2 4.96% 1 Mo. BSBY + 2.44 $ 2,579 Total $ 36,020 4.2 4.96% $ 2,579 Classified in Other Liabilities: 3rd Party interest rate swaps $ 36,020 4.2 4.96% 1 Mo. BSBY + 2.44 $ 2,579 Total $ 36,020 4.2 4.96% $ 2,579
Schedule of Financial Instruments with Off-Balance-Sheet Risk	At September 30, 2024 and 2023, the Company had outstanding commitments (substantially all of which expire within one year) to originate one-to four-family residential loans, construction loans, commercial real estate loans, commercial business loans and consumer loans. These commitments were comprised of fixed and variable rate loans. September 30, 2024 2023 (In thousands) Financial instruments whose contract amounts represent credit risk Letters of credit $ 620 $ 1,073 Unused lines of credit 88,272 89,933 Fixed rate loan commitments 1,804 3,578 Variable rate loan commitments 26,843 26,472 Total $ 117,539 $ 121,056

FAIR VALUE DISCLOSURES (Tables)

FAIR VALUE DISCLOSURES (Tables)	12 Months Ended
	Sep. 30, 2024
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 at September 30, 2024 and 2023: Total Level 1 Level 2 Level 3 (In thousands) September 30, 2024 Assets: Securities available for sale: Obligations of U.S. government agencies: Mortgage-backed securities - residential $ 89 $ — $ 89 $ — Obligations of U.S. government-sponsored enterprises: Mortgage-backed securities-residential 11,506 — 11,506 — Corporate securities 4,021 — 4,021 — Total securities available for sale $ 15,616 $ — $ 15,616 $ — Derivative assets 1,405 — 1,405 — Total assets $ 17,021 $ — $ 17,021 $ — Liabilities: Derivative liabilities $ 1,405 $ — $ 1,405 $ — Total Liabilities $ 1,405 $ — $ 1,405 $ — September 30, 2023 Assets: Securities available for sale: Obligations of U.S. government agencies: Mortgage-backed securities - residential $ 92 $ — $ 92 $ — Obligations of U.S. government-sponsored enterprises: Mortgage-backed securities-residential 10,033 — 10,033 — Total securities available for sale $ 10,125 $ — $ 10,125 $ — Derivative assets 2,579 — 2,579 — Total assets $ 12,704 $ — $ 12,704 $ — Liabilities: Derivative liabilities $ 2,579 $ — $ 2,579 $ — Total Liabilities $ 2,579 $ — $ 2,579 $ —
Schedule of Fair Value on a Non-Recurring Basis	The following table provides the level of valuation assumptions used to determine the carrying value of the Company’s assets measured at fair value on a non-recurring basis at September 30, 2024 and 2023: Total Level 1 Level 2 Level 3 September 30, 2024 (In thousands) Other real estate owned $ 1,501 — — $ 1,501 Total $ 1,501 $ — $ — $ 1,501 Total Level 1 Level 2 Level 3 September 30, 2023 (In thousands) Impaired loans $ 777 $ — $ — $ 777 Total $ 777 — — $ 777
Schedule of Quantitative Information about Assets Measured At Fair Value on a Nonrecurring Basis	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 at September 30, 2024 and 2023: Quantitative Information about Level 3 Fair Value Measurements (Dollars in thousands) Fair Value Valuation September 30, 2024 Estimate Techniques Unobservable Input Range (Weighted Average) Other real estate owned $ 1,501 Appraisal Liquidation expenses (2) -13.0% to -19.6% (-14.6%) Quantitative Information about Level 3 Fair Value Measurements (Dollars in thousands) Fair Value Valuation September 30, 2023 Estimate Techniques Unobservable Input Range (Weighted Average) Impaired loans $ 777 Appraisal of collateral (1) Appraisal adjustments (2) -50% to -8.0% (-19.4%) (1) Fair value is generally determined through independent appraisals for the underlying collateral, which generally include various level 3 inputs which are not identifiable. (2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range and weighted average of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal.
Schedule of the Carrying Amount, Fair Value, and Placement in the Fair Value Hierarchy	The Company’s bank-owned life insurance is not a marketable asset and may generally only be redeemed with the insurance company, and is therefore not included in the table below. Carrying Fair Fair Value Measurement Placement Value Value (Level 1) (Level 2) (Level 3) (In thousands) September 30, 2024 Financial instruments - assets Investment securities held to maturity $ 79,816 $ 72,617 $ — $ 72,617 $ — Loan receivable net allowance for credit losses 772,614 766,822 — — 766,822 Financial instruments - liabilities Certificates of deposit including retirement certificates 159,652 159,582 — 159,582 — Borrowings 28,568 28,151 — 28,151 — September 30, 2023 Financial instruments - assets Investment securities held-to-maturity $ 85,835 $ 73,728 $ — $ 73,728 $ — Loan receivable net allowance for credit losses 689,070 664,331 — — 664,331 Financial instruments - liabilities Certificates of deposit including retirement certificates 104,668 101,216 — 101,216 — Borrowings 29,515 28,177 — 28,177 —

REGULATORY CAPITAL (Tables)

REGULATORY CAPITAL (Tables)	12 Months Ended
	Sep. 30, 2024
Regulatory Capital [Abstract]
Schedule of Company’s and Bank’s Actual and Required Capital Levels	The following tables set forth the Company’s and the Bank’s actual and required capital levels under those measures: To be well- capitalized under Required for capital prompt corrective September 30, 2024 Company Bank adequacy purposes action provisions Tier 1 leverage ratio 11.64% 11.11% ≥ 4.00% ≥ 5.00% CET1 15.44% 14.75% ≥ 7.00% (1) ≥ 6.50% Tier 1 risk-based capital ratio 15.44% 14.75% ≥ 8.50% (1) ≥ 8.00% Total risk-based capital ratio 16.55% 15.85% ≥ 10.50% (1) ≥ 10.00% September 30, 2023 Tier 1 leverage ratio 12.15% 11.11% ≥ 4.00% ≥ 5.00% CET1 16.37% 14.97% ≥ 7.00% (1) ≥ 6.50% Tier 1 risk-based capital ratio 16.37% 14.97% ≥ 8.50% (1) ≥ 8.00% Total risk-based capital ratio 17.62% 16.22% ≥ 10.50% (1) ≥ 10.00% (1) Includes 2.50% capital conservation buffer

ORGANIZATION (Details)

ORGANIZATION (Details)	Sep. 30, 2024
Magyar Bank [Member]
Organization [Line Items]
Ownership of subsidiries	100%
Hungaria Urban Renewal, LLC [Member]
Organization [Line Items]
Ownership of subsidiries	100%

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($) $ / shares in Units, $ in Thousands		12 Months Ended
	Nov. 22, 2024	Sep. 30, 2024	Sep. 30, 2023	Oct. 31, 2024
Summary of Significant Accounting Policies [Line Items]
Available-for-sale securities		$ 225
FHLB stock per value (in Dollars per share)		$ 100
Accrued interest receivable		$ 4,600
Revenue from contracts with customers included in service charges		1,100	$ 1,600
Other operating income		$ 81	$ 89
Income tax rate		25%
Pension plan		28%
Cash dividend per share (in Dollars per share)				$ 0.05
Dividend of per share (in Dollars per share)	$ 0.04
ACL [Member]
Summary of Significant Accounting Policies [Line Items]
Available-for-sale securities		$ 162

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Basic and Diluted Earnings Per Share - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Schedule of Basic and Diluted Earnings Per Share [Abstract]
Income applicable to common shares (in Dollars)	$ 7,783	$ 7,709
Weighted average shares outstanding - basic	6,341,610	6,424,796
Potential diliutive common stock equivalents
Weighted average shares outstanding - diluted	6,341,610	6,424,796
Earnings per share - basic (in Dollars per share)	$ 1.23	$ 1.2
Earnings per share - diluted (in Dollars per share)	$ 1.23	$ 1.2

SUMMARY OF SIGNIFICANT ACCOUN_5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Before Tax Amount [Member]
Unrealized holding gain (loss) arising during period on:
Available-for-sale investments	$ 834	$ (47)
Defined benefit pension plan	297	394
Total unrealized holding gain arising during period	1,131	347
Reclassification of pension costs	53	122
Other comprehensive income, net	1,184	469
Tax Expense [Member]
Unrealized holding gain (loss) arising during period on:
Available-for-sale investments	(205)	12
Defined benefit pension plan	(91)	(122)
Total unrealized holding gain arising during period	(296)	(110)
Reclassification of pension costs	(15)	(34)
Other comprehensive income, net	(311)	(144)
Net of Tax Amount [Member]
Unrealized holding gain (loss) arising during period on:
Available-for-sale investments	629	(35)
Defined benefit pension plan	206	272
Total unrealized holding gain arising during period	835	237
Reclassification of pension costs	38	88
Other comprehensive income, net	$ 873	$ 325

SUMMARY OF SIGNIFICANT ACCOUN_6

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Accumulated Other Comprehensive Loss - USD ($) $ in Thousands		12 Months Ended
		Sep. 30, 2024	Sep. 30, 2023
Defined benefit pension plan (1)
Amortization of net gain and prior service costs	[1]	$ 53	$ 122
Related income tax benefit	[1]	(15)	(34)
Net effect on accumulated other comprehensive loss	[1]	38	88
Total reclassification	[1]	$ 38	$ 88
[1]For additional details related to the defined benefit pension plan, see Note L- Pension Plan.

SUMMARY OF SIGNIFICANT ACCOUN_7

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule Components of Accumulated Other Comprehensive Loss - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2023
Schedule Components of Accumulated Other Comprehensive Loss [Abstract]
Available-for-sale investments, net of tax	$ (853)	$ (1,481)
Defined benefit pension plan, net of tax	(63)	(308)
Total accumulated other comprehensive loss	$ (916)	$ (1,789)

SUMMARY OF SIGNIFICANT ACCOUN_8

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - Schedule of Allowance for Credit Loss $ in Thousands	Oct. 01, 2023 USD ($)
Pre-adoption [Member]
Assets
Total allowance for credit loss	$ 8,330
Pre-adoption [Member] | ACL on debt securities held-to-maturity [Member]
Assets
Total allowance for credit loss
Pre-adoption [Member] | One-to-four family residential [Member]
Assets
Total allowance for credit loss	1,259
Pre-adoption [Member] | Commercial real estate [Member]
Assets
Total allowance for credit loss	5,277
Pre-adoption [Member] | Construction and land [Member]
Assets
Total allowance for credit loss	472
Pre-adoption [Member] | Home equity loans and lines of credit [Member]
Assets
Total allowance for credit loss	207
Pre-adoption [Member] | Commercial business [Member]
Assets
Total allowance for credit loss	939
Pre-adoption [Member] | Other [Member]
Assets
Total allowance for credit loss	176
Pre-adoption [Member] | ACL on unfunded commitments [Member]
Assets
Total allowance for credit loss
Adoption Impact [Member]
Assets
Total allowance for credit loss	(492)
Adoption Impact [Member] | ACL on debt securities held-to-maturity [Member]
Assets
Total allowance for credit loss
Adoption Impact [Member] | One-to-four family residential [Member]
Assets
Total allowance for credit loss	7
Adoption Impact [Member] | Commercial real estate [Member]
Assets
Total allowance for credit loss	(589)
Adoption Impact [Member] | Construction and land [Member]
Assets
Total allowance for credit loss	(55)
Adoption Impact [Member] | Home equity loans and lines of credit [Member]
Assets
Total allowance for credit loss	(87)
Adoption Impact [Member] | Commercial business [Member]
Assets
Total allowance for credit loss	(133)
Adoption Impact [Member] | Other [Member]
Assets
Total allowance for credit loss	(175)
Adoption Impact [Member] | ACL on unfunded commitments [Member]
Assets
Total allowance for credit loss	540
As Reported [Member]
Assets
Total allowance for credit loss	7,838
As Reported [Member] | ACL on debt securities held-to-maturity [Member]
Assets
Total allowance for credit loss
As Reported [Member] | One-to-four family residential [Member]
Assets
Total allowance for credit loss	1,266
As Reported [Member] | Commercial real estate [Member]
Assets
Total allowance for credit loss	4,688
As Reported [Member] | Construction and land [Member]
Assets
Total allowance for credit loss	417
As Reported [Member] | Home equity loans and lines of credit [Member]
Assets
Total allowance for credit loss	120
As Reported [Member] | Commercial business [Member]
Assets
Total allowance for credit loss	806
As Reported [Member] | Other [Member]
Assets
Total allowance for credit loss	1
As Reported [Member] | ACL on unfunded commitments [Member]
Assets
Total allowance for credit loss	$ 540

STOCK-BASED COMPENSATION AND _3

STOCK-BASED COMPENSATION AND STOCK REPURCHASE PROGRAM (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Stock-Based Compensation and Stock Repurchase Program [Line Items]
Stock option compensation expense (in Dollars)	$ 254	$ 259
Stock award expenses (in Dollars)	392	405
Unvested stock options and stock awards (in Dollars)	$ 1,900
Fixed interest rate	3.25%
Principal and interest payable term	30 years
Shares allocated to participants	186,940
Shares unallocated to participants	278,163
Aggregate fair value (in Dollars)	$ 3,400
Contribution expense (in Dollars)	$ 155	$ 122
Percentage of repurchase additional			5%
Stock repurchase program shares	40,410		296,736
Average price (in Dollars per share)			$ 11.92
Authorized shares	337,146
Twenty Twenty Two Equity Compensation Plan [Member]
Stock-Based Compensation and Stock Repurchase Program [Line Items]
Grant shares to allocate			391,000
Shares of restricted stock	124,320
Stock Option [Member] | Twenty Twenty Two Equity Compensation Plan [Member]
Stock-Based Compensation and Stock Repurchase Program [Line Items]
Shares of restricted stock	293,200
Common Stock [Member]
Stock-Based Compensation and Stock Repurchase Program [Line Items]
Shares of restricted stock	31,080	32,080
Stock repurchase program shares			337,146

STOCK-BASED COMPENSATION AND _4

STOCK-BASED COMPENSATION AND STOCK REPURCHASE PROGRAM (Details) - Schedule of Stock Option Activity		12 Months Ended
	Sep. 30, 2024 USD ($) $ / shares shares	Sep. 30, 2024 USD ($) $ / shares shares
Schedule of Stock Option Activity [Abstract]
Shares, Ending balance | shares	293,200	293,200
Weighted Average Exercise Price, Ending balance | $ / shares	$ 12.58	$ 12.58
Weighted Average Remaining Contractual Life, Ending balance	8 years 11 months 23 days	7 years 11 months 23 days
Aggregate Intrinsic Value, Ending balance | $
Aggregate Intrinsic Value, Exercisable | $
Shares, Exercisable | shares	117,280	117,280
Weighted Average Exercise Price, Exercisable | $ / shares	$ 12.58	$ 12.58
Weighted Average Remaining Contractual Life, Exercisable		7 years 11 months 23 days
Shares, Granted | shares
Weighted Average Exercise Price, Granted | $ / shares
Aggregate Intrinsic Value, Granted | $
Shares, Exercised | shares
Weighted Average Exercise Price, Exercised | $ / shares
Aggregate Intrinsic Value, Exercised | $
Shares, Forfeited | shares
Weighted Average Exercise Price, Forfeited | $ / shares
Aggregate Intrinsic Value, Forfeited | $
Shares, Expired | shares
Weighted Average Exercise Price, Expired | $ / shares
Aggregate Intrinsic Value, Expired | $

STOCK-BASED COMPENSATION AND _5

STOCK-BASED COMPENSATION AND STOCK REPURCHASE PROGRAM (Details) - Schedule of Non-vested Restricted Shares	12 Months Ended
	Sep. 30, 2024 $ / shares shares
Schedule of Non-vested Restricted Shares [Abstract]
Shares, beginning balance | shares	124,320
Weighted Average Grant Date Fair Value , beginning balance | $ / shares	$ 12.63
Shares, Granted | shares
Weighted Average Grant Date Fair Value granted, Granted | $ / shares
Shares, Vested | shares	(31,080)
Weighted Average Grant Date Fair Value,Vested | $ / shares	$ 12.63
Shares, Forfeited | shares
Weighted Average Grant Date Fair Value, Forfeited | $ / shares
Shares, Ending Balance | shares	93,240
Weighted Average Grant Date Fair Value, Ending Balance | $ / shares	$ 12.63

STOCK-BASED COMPENSATION AND _6

STOCK-BASED COMPENSATION AND STOCK REPURCHASE PROGRAM (Details) - Schedule of Components of the ESOP Shares - shares	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Employee Contribution Plan [Abstract]
Unreleased shares, beginning	290,313	302,373
Shares released for allocation during the year	(12,150)	(12,060)
Total released shares	186,940
Total ESOP shares	465,103
Unreleased shares, ending	278,163	290,313

INVESTMENT SECURITIES (Details)

INVESTMENT SECURITIES (Details) - USD ($) $ in Millions	Sep. 30, 2024	Sep. 30, 2023
Investment Securities [Abstract]
Investment securities	$ 12.5	$ 13.9

INVESTMENT SECURITIES (Detail_2

INVESTMENT SECURITIES (Details) - Schedule of Amortized Cost and Fair Values of Securities Held to Maturity - Debt Securities [Member] - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Securities available-for-sale:
Amortized Cost, Securities available-for-sale	$ 16,747	$ 12,090
Gross Unrealized Gains, Securities available-for-sale	77
Gross Unrealized Losses, Securities available-for-sale	(1,208)	(1,965)
Allowance for Credit Losses, Securities available-for-sale
Fair Value, Securities available-for-sale	15,616	10,125
Securities held-to-maturity:
Amortized Cost, Securities held-to-maturity	79,816	85,835
Gross Unrealized Gains, Securities held-to-maturity	84
Gross Unrealized Losses, Securities held-to-maturity	(7,283)	(12,107)
Allowance for Credit Losses, Securities held-to-maturity
Fair Value, Securities held-to-maturity	72,617	73,728
Amortized Cost, Total investment securities	96,563	97,925
Gross Unrealized Gains, Total investment securities	161
Gross Unrealized Losses, Total investment securities	(8,491)	(14,072)
Allowance for Credit Losses, Total investment securities
Fair Value, Total investment securities	88,233	83,853
Mortgage backed securities - residential [Member] | Obligations of U.S. government agencies [Member]
Securities available-for-sale:
Amortized Cost, Securities available-for-sale	95	106
Gross Unrealized Gains, Securities available-for-sale
Gross Unrealized Losses, Securities available-for-sale	(6)	(14)
Allowance for Credit Losses, Securities available-for-sale
Fair Value, Securities available-for-sale	89	92
Mortgage backed securities - residential [Member] | Obligations of U.S. government-sponsored enterprises [Member]
Securities available-for-sale:
Amortized Cost, Securities available-for-sale	12,652	11,984
Gross Unrealized Gains, Securities available-for-sale	56
Gross Unrealized Losses, Securities available-for-sale	(1,202)	(1,951)
Allowance for Credit Losses, Securities available-for-sale
Fair Value, Securities available-for-sale	11,506	10,033
Securities held-to-maturity:
Amortized Cost, Securities held-to-maturity	42,701	48,086
Gross Unrealized Gains, Securities held-to-maturity	4
Gross Unrealized Losses, Securities held-to-maturity	(5,194)	(8,480)
Allowance for Credit Losses, Securities held-to-maturity
Fair Value, Securities held-to-maturity	37,511	39,606
Corporate securities [Member] | Obligations of U.S. government-sponsored enterprises [Member]
Securities available-for-sale:
Amortized Cost, Securities available-for-sale	4,000
Gross Unrealized Gains, Securities available-for-sale	21
Gross Unrealized Losses, Securities available-for-sale
Allowance for Credit Losses, Securities available-for-sale
Fair Value, Securities available-for-sale	4,021
Securities held-to-maturity:
Amortized Cost, Securities held-to-maturity	3,000	3,000
Gross Unrealized Gains, Securities held-to-maturity
Gross Unrealized Losses, Securities held-to-maturity	(234)	(197)
Allowance for Credit Losses, Securities held-to-maturity
Fair Value, Securities held-to-maturity	2,766	2,803
Mortgage backed securities - residential [Member] | Obligations of U.S. government agencies [Member]
Securities held-to-maturity:
Amortized Cost, Securities held-to-maturity	7,209	5,070
Gross Unrealized Gains, Securities held-to-maturity
Gross Unrealized Losses, Securities held-to-maturity	(611)	(850)
Allowance for Credit Losses, Securities held-to-maturity
Fair Value, Securities held-to-maturity	6,598	4,220
Commercial Mortgage-Backed Securities [Member] | Obligations of U.S. government agencies [Member]
Securities held-to-maturity:
Amortized Cost, Securities held-to-maturity	4,268	2,509
Gross Unrealized Gains, Securities held-to-maturity	64
Gross Unrealized Losses, Securities held-to-maturity	(23)	(16)
Allowance for Credit Losses, Securities held-to-maturity
Fair Value, Securities held-to-maturity	4,309	2,493
Debt Securities [Member] | Obligations of U.S. government-sponsored enterprises [Member]
Securities held-to-maturity:
Amortized Cost, Securities held-to-maturity	19,000	23,497
Gross Unrealized Gains, Securities held-to-maturity	13
Gross Unrealized Losses, Securities held-to-maturity	(865)	(1,947)
Allowance for Credit Losses, Securities held-to-maturity
Fair Value, Securities held-to-maturity	18,148	21,550
Private label mortgage-backed securities residential [Member] | Obligations of U.S. government-sponsored enterprises [Member]
Securities held-to-maturity:
Amortized Cost, Securities held-to-maturity	190	207
Gross Unrealized Gains, Securities held-to-maturity
Gross Unrealized Losses, Securities held-to-maturity	(5)	(12)
Allowance for Credit Losses, Securities held-to-maturity
Fair Value, Securities held-to-maturity	185	195
ObligationsOfStateAndPoliticalSubdivisionsMember | Obligations of U.S. government-sponsored enterprises [Member]
Securities held-to-maturity:
Amortized Cost, Securities held-to-maturity	3,448	3,466
Gross Unrealized Gains, Securities held-to-maturity	3
Gross Unrealized Losses, Securities held-to-maturity	(351)	(605)
Allowance for Credit Losses, Securities held-to-maturity
Fair Value, Securities held-to-maturity	$ 3,100	$ 2,861

INVESTMENT SECURITIES (Detail_3

INVESTMENT SECURITIES (Details) - Schedule of Maturities Debt Securities and Mortgage Backed Securities Held to Maturity $ in Thousands	Sep. 30, 2024 USD ($)
Amortized Cost [Member] | Mortgage-backed securities available-for-sale [Member]
Schedule of Maturities Debt Securities and Mortgage Backed Securities Held to Maturity [Line Items]
Due within 1 year
Due after 1 but within 5 years
Due after 5 but within 10 years	4,000
Due after 10 years
Total debt securities	4,000
Amortized Cost [Member] | Mortgage-backed securities held-to-maturity [Member]
Schedule of Maturities Debt Securities and Mortgage Backed Securities Held to Maturity [Line Items]
Due within 1 year	9,500
Due after 1 but within 5 years	12,179
Due after 5 but within 10 years	3,769
Due after 10 years
Total debt securities	25,448
Amortized Cost [Member] | Mortgage backed securities [Member] | Mortgage-backed securities available-for-sale [Member]
Schedule of Maturities Debt Securities and Mortgage Backed Securities Held to Maturity [Line Items]
Mortgage backed securities	16,747
Amortized Cost [Member] | Mortgage backed securities [Member] | Mortgage-backed securities available-for-sale [Member] | Residential [Member]
Schedule of Maturities Debt Securities and Mortgage Backed Securities Held to Maturity [Line Items]
Mortgage backed securities	12,747
Amortized Cost [Member] | Mortgage backed securities [Member] | Mortgage-backed securities available-for-sale [Member] | Commercial [Member]
Schedule of Maturities Debt Securities and Mortgage Backed Securities Held to Maturity [Line Items]
Mortgage backed securities
Amortized Cost [Member] | Mortgage backed securities [Member] | Mortgage-backed securities held-to-maturity [Member]
Schedule of Maturities Debt Securities and Mortgage Backed Securities Held to Maturity [Line Items]
Mortgage backed securities	79,816
Amortized Cost [Member] | Mortgage backed securities [Member] | Mortgage-backed securities held-to-maturity [Member] | Residential [Member]
Schedule of Maturities Debt Securities and Mortgage Backed Securities Held to Maturity [Line Items]
Mortgage backed securities	50,100
Amortized Cost [Member] | Mortgage backed securities [Member] | Mortgage-backed securities held-to-maturity [Member] | Commercial [Member]
Schedule of Maturities Debt Securities and Mortgage Backed Securities Held to Maturity [Line Items]
Mortgage backed securities	4,268
Fair Value [Member] | Mortgage-backed securities available-for-sale [Member]
Schedule of Maturities Debt Securities and Mortgage Backed Securities Held to Maturity [Line Items]
Due within 1 year
Due after 1 but within 5 years
Due after 5 but within 10 years	4,021
Due after 10 years
Total debt securities	4,021
Fair Value [Member] | Mortgage-backed securities held-to-maturity [Member]
Schedule of Maturities Debt Securities and Mortgage Backed Securities Held to Maturity [Line Items]
Due within 1 year	9,317
Due after 1 but within 5 years	11,413
Due after 5 but within 10 years	3,284
Due after 10 years
Total debt securities	24,014
Fair Value [Member] | Mortgage backed securities [Member] | Mortgage-backed securities available-for-sale [Member]
Schedule of Maturities Debt Securities and Mortgage Backed Securities Held to Maturity [Line Items]
Mortgage backed securities	15,616
Fair Value [Member] | Mortgage backed securities [Member] | Mortgage-backed securities available-for-sale [Member] | Residential [Member]
Schedule of Maturities Debt Securities and Mortgage Backed Securities Held to Maturity [Line Items]
Mortgage backed securities	11,595
Fair Value [Member] | Mortgage backed securities [Member] | Mortgage-backed securities available-for-sale [Member] | Commercial [Member]
Schedule of Maturities Debt Securities and Mortgage Backed Securities Held to Maturity [Line Items]
Mortgage backed securities
Fair Value [Member] | Mortgage backed securities [Member] | Mortgage-backed securities held-to-maturity [Member]
Schedule of Maturities Debt Securities and Mortgage Backed Securities Held to Maturity [Line Items]
Mortgage backed securities	72,617
Fair Value [Member] | Mortgage backed securities [Member] | Mortgage-backed securities held-to-maturity [Member] | Residential [Member]
Schedule of Maturities Debt Securities and Mortgage Backed Securities Held to Maturity [Line Items]
Mortgage backed securities	44,294
Fair Value [Member] | Mortgage backed securities [Member] | Mortgage-backed securities held-to-maturity [Member] | Commercial [Member]
Schedule of Maturities Debt Securities and Mortgage Backed Securities Held to Maturity [Line Items]
Mortgage backed securities	$ 4,309

INVESTMENT SECURITIES (Detail_4

INVESTMENT SECURITIES (Details) - Schedule of Unrealized Losses for which an Allowance for Credit Loss $ in Thousands	12 Months Ended
	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)
Schedule of Unrealized Losses for which an Allowance for Credit Loss [Line Items]
Number of Securities	9	79
Fair Value	$ 7,638	$ 83,637
Unrealized Losses	$ (1,208)	$ (14,072)
Mortgage backed securities- residential [Member] | Obligations of U.S. government agencies [Member]
Schedule of Unrealized Losses for which an Allowance for Credit Loss [Line Items]
Number of Securities	1	6
Fair Value	$ 88	$ 4,312
Unrealized Losses	$ (6)	$ (864)
Mortgage backed securities- residential [Member] | Obligations of U.S. government-sponsored enterprises [Member]
Schedule of Unrealized Losses for which an Allowance for Credit Loss [Line Items]
Number of Securities		50
Fair Value		$ 49,423
Unrealized Losses		$ (10,431)
Mortgage-backed securities - commercial [Member] | Obligations of U.S. government agencies [Member]
Schedule of Unrealized Losses for which an Allowance for Credit Loss [Line Items]
Number of Securities		2
Fair Value		$ 2,493
Unrealized Losses		$ (16)
Mortgage-backed securities - commercial [Member] | Obligations of U.S. government-sponsored enterprises [Member]
Schedule of Unrealized Losses for which an Allowance for Credit Loss [Line Items]
Number of Securities	8
Fair Value	$ 7,550
Unrealized Losses	(1,202)
Debt securities [Member] | Obligations of U.S. government-sponsored enterprises [Member]
Schedule of Unrealized Losses for which an Allowance for Credit Loss [Line Items]
Number of Securities		12
Fair Value		$ 21,550
Unrealized Losses		$ (1,947)
Private label mortgage-backed securities residential [Member] | Obligations of U.S. government-sponsored enterprises [Member]
Schedule of Unrealized Losses for which an Allowance for Credit Loss [Line Items]
Number of Securities		1
Fair Value		$ 195
Unrealized Losses		$ (12)
ObligationsOfStateAndPoliticalSubdivisionsMember | Obligations of U.S. government-sponsored enterprises [Member]
Schedule of Unrealized Losses for which an Allowance for Credit Loss [Line Items]
Number of Securities		7
Fair Value		$ 2,861
Unrealized Losses		$ (605)
Corporate securities [Member] | Obligations of U.S. government-sponsored enterprises [Member]
Schedule of Unrealized Losses for which an Allowance for Credit Loss [Line Items]
Number of Securities		1
Fair Value		$ 2,803
Unrealized Losses		(197)
Less Than 12 Months [Member]
Schedule of Unrealized Losses for which an Allowance for Credit Loss [Line Items]
Fair Value		7,653
Unrealized Losses		(106)
Less Than 12 Months [Member] | Mortgage backed securities- residential [Member] | Obligations of U.S. government agencies [Member]
Schedule of Unrealized Losses for which an Allowance for Credit Loss [Line Items]
Fair Value
Unrealized Losses
Less Than 12 Months [Member] | Mortgage backed securities- residential [Member] | Obligations of U.S. government-sponsored enterprises [Member]
Schedule of Unrealized Losses for which an Allowance for Credit Loss [Line Items]
Fair Value		4,938
Unrealized Losses		(49)
Less Than 12 Months [Member] | Mortgage-backed securities - commercial [Member] | Obligations of U.S. government agencies [Member]
Schedule of Unrealized Losses for which an Allowance for Credit Loss [Line Items]
Fair Value		1,926
Unrealized Losses		(14)
Less Than 12 Months [Member] | Mortgage-backed securities - commercial [Member] | Obligations of U.S. government-sponsored enterprises [Member]
Schedule of Unrealized Losses for which an Allowance for Credit Loss [Line Items]
Fair Value
Unrealized Losses
Less Than 12 Months [Member] | Debt securities [Member] | Obligations of U.S. government-sponsored enterprises [Member]
Schedule of Unrealized Losses for which an Allowance for Credit Loss [Line Items]
Fair Value
Unrealized Losses
Less Than 12 Months [Member] | Private label mortgage-backed securities residential [Member] | Obligations of U.S. government-sponsored enterprises [Member]
Schedule of Unrealized Losses for which an Allowance for Credit Loss [Line Items]
Fair Value
Unrealized Losses
Less Than 12 Months [Member] | ObligationsOfStateAndPoliticalSubdivisionsMember | Obligations of U.S. government-sponsored enterprises [Member]
Schedule of Unrealized Losses for which an Allowance for Credit Loss [Line Items]
Fair Value		789
Unrealized Losses		(43)
Less Than 12 Months [Member] | Corporate securities [Member] | Obligations of U.S. government-sponsored enterprises [Member]
Schedule of Unrealized Losses for which an Allowance for Credit Loss [Line Items]
Fair Value
Unrealized Losses
Twelve Months Or Greater [Member]
Schedule of Unrealized Losses for which an Allowance for Credit Loss [Line Items]
Fair Value	7,638	75,984
Unrealized Losses	(1,208)	(13,966)
Twelve Months Or Greater [Member] | Mortgage backed securities- residential [Member] | Obligations of U.S. government agencies [Member]
Schedule of Unrealized Losses for which an Allowance for Credit Loss [Line Items]
Fair Value	88	4,312
Unrealized Losses	(6)	(864)
Twelve Months Or Greater [Member] | Mortgage backed securities- residential [Member] | Obligations of U.S. government-sponsored enterprises [Member]
Schedule of Unrealized Losses for which an Allowance for Credit Loss [Line Items]
Fair Value		44,485
Unrealized Losses		(10,382)
Twelve Months Or Greater [Member] | Mortgage-backed securities - commercial [Member] | Obligations of U.S. government agencies [Member]
Schedule of Unrealized Losses for which an Allowance for Credit Loss [Line Items]
Fair Value		567
Unrealized Losses		(2)
Twelve Months Or Greater [Member] | Mortgage-backed securities - commercial [Member] | Obligations of U.S. government-sponsored enterprises [Member]
Schedule of Unrealized Losses for which an Allowance for Credit Loss [Line Items]
Fair Value	7,550
Unrealized Losses	$ (1,202)
Twelve Months Or Greater [Member] | Debt securities [Member] | Obligations of U.S. government-sponsored enterprises [Member]
Schedule of Unrealized Losses for which an Allowance for Credit Loss [Line Items]
Fair Value		21,550
Unrealized Losses		(1,947)
Twelve Months Or Greater [Member] | Private label mortgage-backed securities residential [Member] | Obligations of U.S. government-sponsored enterprises [Member]
Schedule of Unrealized Losses for which an Allowance for Credit Loss [Line Items]
Fair Value		195
Unrealized Losses		(12)
Twelve Months Or Greater [Member] | ObligationsOfStateAndPoliticalSubdivisionsMember | Obligations of U.S. government-sponsored enterprises [Member]
Schedule of Unrealized Losses for which an Allowance for Credit Loss [Line Items]
Fair Value		2,072
Unrealized Losses		(562)
Twelve Months Or Greater [Member] | Corporate securities [Member] | Obligations of U.S. government-sponsored enterprises [Member]
Schedule of Unrealized Losses for which an Allowance for Credit Loss [Line Items]
Fair Value		2,803
Unrealized Losses		$ (197)

INVESTMENT SECURITIES (Detail_5

INVESTMENT SECURITIES (Details) - Schedule of Amortized Cost of Held-to-Maturity Debt Securities - Debt Securities [Member] $ in Thousands	Sep. 30, 2024 USD ($)
AAA/AA/A [Member]
Securities held to maturity:
Total held to maturity debt securities	$ 79,816
AAA/AA/A [Member] | Mortgage-backed securities - residential [Member] | Obligations of U.S. government agencies [Member]
Securities held to maturity:
Total held to maturity debt securities	7,209
AAA/AA/A [Member] | Mortgage-backed securities - residential [Member] | Obligations of U.S. government-sponsored enterprises [Member]
Securities held to maturity:
Total held to maturity debt securities	42,701
AAA/AA/A [Member] | Commercial Mortgage-Backed Securities [Member] | Obligations of U.S. government agencies [Member]
Securities held to maturity:
Total held to maturity debt securities	4,268
AAA/AA/A [Member] | Debt Securities [Member] | Obligations of U.S. government-sponsored enterprises [Member]
Securities held to maturity:
Total held to maturity debt securities	19,000
AAA/AA/A [Member] | Private label mortgage-backed securities residential [Member] | Obligations of U.S. government-sponsored enterprises [Member]
Securities held to maturity:
Total held to maturity debt securities	190
AAA/AA/A [Member] | ObligationsOfStateAndPoliticalSubdivisionsMember | Obligations of U.S. government-sponsored enterprises [Member]
Securities held to maturity:
Total held to maturity debt securities	3,448
AAA/AA/A [Member] | Corporate securities [Member] | Obligations of U.S. government-sponsored enterprises [Member]
Securities held to maturity:
Total held to maturity debt securities	3,000
BBB/BB/B [Member]
Securities held to maturity:
Total held to maturity debt securities
BBB/BB/B [Member] | Mortgage-backed securities - residential [Member] | Obligations of U.S. government agencies [Member]
Securities held to maturity:
Total held to maturity debt securities
BBB/BB/B [Member] | Mortgage-backed securities - residential [Member] | Obligations of U.S. government-sponsored enterprises [Member]
Securities held to maturity:
Total held to maturity debt securities
BBB/BB/B [Member] | Commercial Mortgage-Backed Securities [Member] | Obligations of U.S. government agencies [Member]
Securities held to maturity:
Total held to maturity debt securities
BBB/BB/B [Member] | Debt Securities [Member] | Obligations of U.S. government-sponsored enterprises [Member]
Securities held to maturity:
Total held to maturity debt securities
BBB/BB/B [Member] | Private label mortgage-backed securities residential [Member] | Obligations of U.S. government-sponsored enterprises [Member]
Securities held to maturity:
Total held to maturity debt securities
BBB/BB/B [Member] | ObligationsOfStateAndPoliticalSubdivisionsMember | Obligations of U.S. government-sponsored enterprises [Member]
Securities held to maturity:
Total held to maturity debt securities
BBB/BB/B [Member] | Corporate securities [Member] | Obligations of U.S. government-sponsored enterprises [Member]
Securities held to maturity:
Total held to maturity debt securities
Non-rated [Member]
Securities held to maturity:
Total held to maturity debt securities
Non-rated [Member] | Mortgage-backed securities - residential [Member] | Obligations of U.S. government agencies [Member]
Securities held to maturity:
Total held to maturity debt securities
Non-rated [Member] | Mortgage-backed securities - residential [Member] | Obligations of U.S. government-sponsored enterprises [Member]
Securities held to maturity:
Total held to maturity debt securities
Non-rated [Member] | Commercial Mortgage-Backed Securities [Member] | Obligations of U.S. government agencies [Member]
Securities held to maturity:
Total held to maturity debt securities
Non-rated [Member] | Debt Securities [Member] | Obligations of U.S. government-sponsored enterprises [Member]
Securities held to maturity:
Total held to maturity debt securities
Non-rated [Member] | Private label mortgage-backed securities residential [Member] | Obligations of U.S. government-sponsored enterprises [Member]
Securities held to maturity:
Total held to maturity debt securities
Non-rated [Member] | ObligationsOfStateAndPoliticalSubdivisionsMember | Obligations of U.S. government-sponsored enterprises [Member]
Securities held to maturity:
Total held to maturity debt securities
Non-rated [Member] | Corporate securities [Member] | Obligations of U.S. government-sponsored enterprises [Member]
Securities held to maturity:
Total held to maturity debt securities

LOANS RECEIVABLE, NET (Details)

LOANS RECEIVABLE, NET (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Loans Receivable, Net [Line Items]
Loans receivable	$ 3,900	$ 5,100
Loans or advances amount	854	2,900
Principal repayments amount	2,000	142
Servicing loans	50,200	48,100
Mortgage servicing amount	159	28
Escrow balance	$ 21	27
Commercial relationships, description	Generally, the external consultant reviews commercial relationships greater than $500 thousand and/or criticized relationships greater than $250 thousand.
Provision for credit loss	$ 182	381
Provision for credit losses increased amount	182	381
Borrowings	410,600	$ 341,600
Residential Loans [Member]
Loans Receivable, Net [Line Items]
Provision for credit loss	512
Provision for credit losses increased amount	$ 646

LOANS RECEIVABLE, NET (Detail_2

LOANS RECEIVABLE, NET (Details) - Schedule of Loans Receivable - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2023
Schedule of Loans Receivable [Line Items]
Total loans receivable	$ 781,216	$ 698,206
Net deferred loan costs	(1,054)	(806)
Total loans receivable, net	780,162	697,400
One-to four-family residential [Member]
Schedule of Loans Receivable [Line Items]
One-to-four family residential	246,201	237,683
Commercial real estate [Member]
Schedule of Loans Receivable [Line Items]
Commercial real estate	461,319	389,134
Construction and land [Member]
Schedule of Loans Receivable [Line Items]
Construction and land	22,722	21,853
Home equity loans and lines of credit [Member]
Schedule of Loans Receivable [Line Items]
Home equity loans and lines of credit	24,728	16,983
Commercial business [Member]
Schedule of Loans Receivable [Line Items]
Commercial business	24,011	30,194
Other [Member]
Schedule of Loans Receivable [Line Items]
Other	$ 2,235	$ 2,359

LOANS RECEIVABLE, NET (Detail_3

LOANS RECEIVABLE, NET (Details) - Schedule of Loan Portfolio $ in Thousands	12 Months Ended
	Sep. 30, 2024 USD ($)
One-to-Four Family Residential [Member]
One-to-four family residential
Term Loans Amortized Cost Basis by Origination Fiscal Year 2024	$ 32,624
Term Loans Amortized Cost Basis by Origination Fiscal Year 2023	42,084
Term Loans Amortized Cost Basis by Origination Fiscal Year 2022	31,805
Term Loans Amortized Cost Basis by Origination Fiscal Year 2021	25,970
Term Loans Amortized Cost Basis by Origination Fiscal Year 2020	29,998
Term Loans Amortized Cost Basis by Origination Fiscal Year Prior	83,378
Revolving Loans, Amortized Cost Basis	342
Revolving Loans, Converted to Term
Total	246,201
One-to-Four Family Residential [Member] | Revolving Credit Facility [Member]
One-to-four family residential
Current period gross charge-offs
Current period gross charge-offs
Current period gross charge-offs
Current period gross charge-offs
Current period gross charge-offs
Current period gross charge-offs
Current period gross charge-offs
Current period gross charge-offs
Current period gross charge-offs
One-to-Four Family Residential [Member] | Performing Financial Instruments [Member]
One-to-four family residential
Term Loans Amortized Cost Basis by Origination Fiscal Year 2024	32,624
Term Loans Amortized Cost Basis by Origination Fiscal Year 2023	42,084
Term Loans Amortized Cost Basis by Origination Fiscal Year 2022	31,711
Term Loans Amortized Cost Basis by Origination Fiscal Year 2021	25,970
Term Loans Amortized Cost Basis by Origination Fiscal Year 2020	29,976
Term Loans Amortized Cost Basis by Origination Fiscal Year Prior	83,378
Revolving Loans, Amortized Cost Basis	342
Revolving Loans, Converted to Term
Total	246,085
One-to-Four Family Residential [Member] | Nonperforming Financial Instruments [Member]
One-to-four family residential
Term Loans Amortized Cost Basis by Origination Fiscal Year 2024
Term Loans Amortized Cost Basis by Origination Fiscal Year 2023
Term Loans Amortized Cost Basis by Origination Fiscal Year 2022	94
Term Loans Amortized Cost Basis by Origination Fiscal Year 2021
Term Loans Amortized Cost Basis by Origination Fiscal Year 2020	22
Revolving Loans, Amortized Cost Basis
Revolving Loans, Converted to Term
Total	116
Commercial Real Estate [Member]
One-to-four family residential
Term Loans Amortized Cost Basis by Origination Fiscal Year 2024	88,597
Term Loans Amortized Cost Basis by Origination Fiscal Year 2023	84,674
Term Loans Amortized Cost Basis by Origination Fiscal Year 2022	66,412
Term Loans Amortized Cost Basis by Origination Fiscal Year 2021	64,573
Term Loans Amortized Cost Basis by Origination Fiscal Year 2020	29,568
Term Loans Amortized Cost Basis by Origination Fiscal Year Prior	122,845
Revolving Loans, Amortized Cost Basis	3,718
Revolving Loans, Converted to Term	932
Total	461,319
Commercial Real Estate [Member] | Revolving Credit Facility [Member]
One-to-four family residential
Current period gross charge-offs
Current period gross charge-offs
Current period gross charge-offs
Current period gross charge-offs
Current period gross charge-offs
Current period gross charge-offs
Current period gross charge-offs
Current period gross charge-offs
Current period gross charge-offs
Construction And Land [Member]
One-to-four family residential
Term Loans Amortized Cost Basis by Origination Fiscal Year 2024	5,650
Term Loans Amortized Cost Basis by Origination Fiscal Year 2023	10,061
Term Loans Amortized Cost Basis by Origination Fiscal Year 2021
Term Loans Amortized Cost Basis by Origination Fiscal Year 2020	1,156
Term Loans Amortized Cost Basis by Origination Fiscal Year Prior	4,069
Revolving Loans, Amortized Cost Basis	1,786
Revolving Loans, Converted to Term
Total	22,722
Construction And Land [Member] | Revolving Credit Facility [Member]
One-to-four family residential
Current period gross charge-offs
Current period gross charge-offs
Current period gross charge-offs
Current period gross charge-offs
Current period gross charge-offs
Current period gross charge-offs
Current period gross charge-offs
Current period gross charge-offs
Current period gross charge-offs
Home Equity Loan [Member]
One-to-four family residential
Term Loans Amortized Cost Basis by Origination Fiscal Year 2024	1,585
Term Loans Amortized Cost Basis by Origination Fiscal Year 2023	1,561
Term Loans Amortized Cost Basis by Origination Fiscal Year 2022	1,600
Term Loans Amortized Cost Basis by Origination Fiscal Year 2021	309
Term Loans Amortized Cost Basis by Origination Fiscal Year 2020	247
Term Loans Amortized Cost Basis by Origination Fiscal Year Prior	1,220
Revolving Loans, Amortized Cost Basis	17,902
Revolving Loans, Converted to Term	304
Total	24,728
Home Equity Loan [Member] | Revolving Credit Facility [Member]
One-to-four family residential
Current period gross charge-offs
Current period gross charge-offs
Current period gross charge-offs
Current period gross charge-offs
Current period gross charge-offs
Current period gross charge-offs
Current period gross charge-offs
Current period gross charge-offs
Current period gross charge-offs
Home Equity Loan [Member] | Performing Financial Instruments [Member]
One-to-four family residential
Term Loans Amortized Cost Basis by Origination Fiscal Year 2024	1,585
Term Loans Amortized Cost Basis by Origination Fiscal Year 2023	1,561
Term Loans Amortized Cost Basis by Origination Fiscal Year 2022	1,600
Term Loans Amortized Cost Basis by Origination Fiscal Year 2021	309
Term Loans Amortized Cost Basis by Origination Fiscal Year 2020	247
Term Loans Amortized Cost Basis by Origination Fiscal Year Prior	1,220
Revolving Loans, Amortized Cost Basis	17,902
Revolving Loans, Converted to Term	304
Total	24,728
Home Equity Loan [Member] | Nonperforming Financial Instruments [Member]
One-to-four family residential
Term Loans Amortized Cost Basis by Origination Fiscal Year 2024
Term Loans Amortized Cost Basis by Origination Fiscal Year 2023
Term Loans Amortized Cost Basis by Origination Fiscal Year 2022
Term Loans Amortized Cost Basis by Origination Fiscal Year 2021
Term Loans Amortized Cost Basis by Origination Fiscal Year 2020
Term Loans Amortized Cost Basis by Origination Fiscal Year Prior
Revolving Loans, Amortized Cost Basis
Revolving Loans, Converted to Term
Total
Commercial Business [Member]
One-to-four family residential
Term Loans Amortized Cost Basis by Origination Fiscal Year 2024	2,062
Term Loans Amortized Cost Basis by Origination Fiscal Year 2023	507
Term Loans Amortized Cost Basis by Origination Fiscal Year 2022	2,517
Term Loans Amortized Cost Basis by Origination Fiscal Year 2021	2,298
Term Loans Amortized Cost Basis by Origination Fiscal Year 2020	802
Term Loans Amortized Cost Basis by Origination Fiscal Year Prior	2,565
Revolving Loans, Amortized Cost Basis	13,072
Revolving Loans, Converted to Term	188
Total	24,011
Commercial Business [Member] | Revolving Credit Facility [Member]
One-to-four family residential
Current period gross charge-offs
Current period gross charge-offs
Current period gross charge-offs
Current period gross charge-offs
Current period gross charge-offs
Current period gross charge-offs
Current period gross charge-offs
Current period gross charge-offs
Current period gross charge-offs
Other [Member]
One-to-four family residential
Term Loans Amortized Cost Basis by Origination Fiscal Year 2024	61
Term Loans Amortized Cost Basis by Origination Fiscal Year 2023
Term Loans Amortized Cost Basis by Origination Fiscal Year 2022	47
Term Loans Amortized Cost Basis by Origination Fiscal Year 2021
Term Loans Amortized Cost Basis by Origination Fiscal Year 2020	9
Term Loans Amortized Cost Basis by Origination Fiscal Year Prior	1,771
Revolving Loans, Amortized Cost Basis	347
Revolving Loans, Converted to Term
Total	2,235
Other [Member] | Revolving Credit Facility [Member]
One-to-four family residential
Current period gross charge-offs
Current period gross charge-offs
Current period gross charge-offs
Current period gross charge-offs
Current period gross charge-offs
Current period gross charge-offs
Current period gross charge-offs
Current period gross charge-offs
Current period gross charge-offs
Other [Member] | Performing Financial Instruments [Member]
One-to-four family residential
Term Loans Amortized Cost Basis by Origination Fiscal Year 2024	61
Term Loans Amortized Cost Basis by Origination Fiscal Year 2023
Term Loans Amortized Cost Basis by Origination Fiscal Year 2022	47
Term Loans Amortized Cost Basis by Origination Fiscal Year 2021
Term Loans Amortized Cost Basis by Origination Fiscal Year 2020	9
Term Loans Amortized Cost Basis by Origination Fiscal Year Prior	1,771
Revolving Loans, Amortized Cost Basis	347
Revolving Loans, Converted to Term
Total	2,235
Other [Member] | Nonperforming Financial Instruments [Member]
One-to-four family residential
Term Loans Amortized Cost Basis by Origination Fiscal Year 2024
Term Loans Amortized Cost Basis by Origination Fiscal Year 2023
Term Loans Amortized Cost Basis by Origination Fiscal Year 2022
Term Loans Amortized Cost Basis by Origination Fiscal Year 2021
Term Loans Amortized Cost Basis by Origination Fiscal Year 2020
Term Loans Amortized Cost Basis by Origination Fiscal Year Prior
Revolving Loans, Amortized Cost Basis
Revolving Loans, Converted to Term
Total
Pass [Member] | Commercial Real Estate [Member]
One-to-four family residential
Term Loans Amortized Cost Basis by Origination Fiscal Year 2024	88,597
Term Loans Amortized Cost Basis by Origination Fiscal Year 2023	84,674
Term Loans Amortized Cost Basis by Origination Fiscal Year 2022	66,412
Term Loans Amortized Cost Basis by Origination Fiscal Year 2021	64,573
Term Loans Amortized Cost Basis by Origination Fiscal Year 2020	29,568
Term Loans Amortized Cost Basis by Origination Fiscal Year Prior	122,605
Revolving Loans, Amortized Cost Basis	3,718
Revolving Loans, Converted to Term	932
Total	461,079
Pass [Member] | Construction And Land [Member]
One-to-four family residential
Term Loans Amortized Cost Basis by Origination Fiscal Year 2024	5,650
Term Loans Amortized Cost Basis by Origination Fiscal Year 2023	10,061
Term Loans Amortized Cost Basis by Origination Fiscal Year 2021
Term Loans Amortized Cost Basis by Origination Fiscal Year 2020	1,156
Term Loans Amortized Cost Basis by Origination Fiscal Year Prior	4,069
Revolving Loans, Amortized Cost Basis	1,786
Revolving Loans, Converted to Term
Total	22,722
Pass [Member] | Commercial Business [Member]
One-to-four family residential
Term Loans Amortized Cost Basis by Origination Fiscal Year 2024	2,062
Term Loans Amortized Cost Basis by Origination Fiscal Year 2023	507
Term Loans Amortized Cost Basis by Origination Fiscal Year 2022	2,517
Term Loans Amortized Cost Basis by Origination Fiscal Year 2021	2,298
Term Loans Amortized Cost Basis by Origination Fiscal Year 2020	802
Term Loans Amortized Cost Basis by Origination Fiscal Year Prior	2,565
Revolving Loans, Amortized Cost Basis	13,072
Revolving Loans, Converted to Term	188
Total	24,011
Special Mention [Member] | Commercial Real Estate [Member]
One-to-four family residential
Term Loans Amortized Cost Basis by Origination Fiscal Year 2024
Term Loans Amortized Cost Basis by Origination Fiscal Year 2023
Term Loans Amortized Cost Basis by Origination Fiscal Year 2021
Term Loans Amortized Cost Basis by Origination Fiscal Year 2020
Term Loans Amortized Cost Basis by Origination Fiscal Year Prior	124
Revolving Loans, Amortized Cost Basis
Revolving Loans, Converted to Term
Total	124
Special Mention [Member] | Construction And Land [Member]
One-to-four family residential
Term Loans Amortized Cost Basis by Origination Fiscal Year 2024
Term Loans Amortized Cost Basis by Origination Fiscal Year 2023
Term Loans Amortized Cost Basis by Origination Fiscal Year 2022
Term Loans Amortized Cost Basis by Origination Fiscal Year 2021
Term Loans Amortized Cost Basis by Origination Fiscal Year 2020
Term Loans Amortized Cost Basis by Origination Fiscal Year Prior
Revolving Loans, Amortized Cost Basis
Revolving Loans, Converted to Term
Total
Special Mention [Member] | Commercial Business [Member]
One-to-four family residential
Term Loans Amortized Cost Basis by Origination Fiscal Year 2024
Term Loans Amortized Cost Basis by Origination Fiscal Year 2023
Term Loans Amortized Cost Basis by Origination Fiscal Year 2022
Term Loans Amortized Cost Basis by Origination Fiscal Year 2021
Term Loans Amortized Cost Basis by Origination Fiscal Year 2020
Term Loans Amortized Cost Basis by Origination Fiscal Year Prior
Revolving Loans, Amortized Cost Basis
Revolving Loans, Converted to Term
Total
Substandard [Member] | Commercial Real Estate [Member]
One-to-four family residential
Term Loans Amortized Cost Basis by Origination Fiscal Year 2024
Term Loans Amortized Cost Basis by Origination Fiscal Year 2023
Term Loans Amortized Cost Basis by Origination Fiscal Year 2021
Term Loans Amortized Cost Basis by Origination Fiscal Year 2020
Term Loans Amortized Cost Basis by Origination Fiscal Year Prior	116
Revolving Loans, Amortized Cost Basis
Revolving Loans, Converted to Term
Total	116
Substandard [Member] | Construction And Land [Member]
One-to-four family residential
Term Loans Amortized Cost Basis by Origination Fiscal Year 2024
Term Loans Amortized Cost Basis by Origination Fiscal Year 2023
Term Loans Amortized Cost Basis by Origination Fiscal Year 2022
Term Loans Amortized Cost Basis by Origination Fiscal Year 2021
Term Loans Amortized Cost Basis by Origination Fiscal Year 2020
Revolving Loans, Amortized Cost Basis
Revolving Loans, Converted to Term
Substandard [Member] | Commercial Business [Member]
One-to-four family residential
Term Loans Amortized Cost Basis by Origination Fiscal Year 2024
Term Loans Amortized Cost Basis by Origination Fiscal Year 2023
Term Loans Amortized Cost Basis by Origination Fiscal Year 2022
Term Loans Amortized Cost Basis by Origination Fiscal Year 2021
Term Loans Amortized Cost Basis by Origination Fiscal Year 2020
Term Loans Amortized Cost Basis by Origination Fiscal Year Prior
Revolving Loans, Amortized Cost Basis
Revolving Loans, Converted to Term
Total
Doubtful [Member] | Commercial Real Estate [Member]
One-to-four family residential
Term Loans Amortized Cost Basis by Origination Fiscal Year 2024
Term Loans Amortized Cost Basis by Origination Fiscal Year 2023
Term Loans Amortized Cost Basis by Origination Fiscal Year 2022
Term Loans Amortized Cost Basis by Origination Fiscal Year 2021
Term Loans Amortized Cost Basis by Origination Fiscal Year 2020
Term Loans Amortized Cost Basis by Origination Fiscal Year Prior
Revolving Loans, Amortized Cost Basis
Revolving Loans, Converted to Term
Total
Doubtful [Member] | Construction And Land [Member]
One-to-four family residential
Term Loans Amortized Cost Basis by Origination Fiscal Year 2024
Term Loans Amortized Cost Basis by Origination Fiscal Year 2023
Term Loans Amortized Cost Basis by Origination Fiscal Year 2022
Term Loans Amortized Cost Basis by Origination Fiscal Year 2021
Term Loans Amortized Cost Basis by Origination Fiscal Year 2020
Term Loans Amortized Cost Basis by Origination Fiscal Year Prior
Revolving Loans, Amortized Cost Basis
Revolving Loans, Converted to Term
Total
Doubtful [Member] | Commercial Business [Member]
One-to-four family residential
Term Loans Amortized Cost Basis by Origination Fiscal Year 2024
Term Loans Amortized Cost Basis by Origination Fiscal Year 2023
Term Loans Amortized Cost Basis by Origination Fiscal Year 2022
Term Loans Amortized Cost Basis by Origination Fiscal Year 2021
Term Loans Amortized Cost Basis by Origination Fiscal Year 2020
Term Loans Amortized Cost Basis by Origination Fiscal Year Prior
Revolving Loans, Amortized Cost Basis
Revolving Loans, Converted to Term
Total

LOANS RECEIVABLE, NET (Detail_4

LOANS RECEIVABLE, NET (Details) - Schedule of Bank’s Internal Risk Rating System $ in Thousands	Sep. 30, 2023 USD ($)
Schedule of Bank’s Internal Risk Rating System [Line Items]
Loans and Leases Receivable, Gross	$ 698,206
One-to four-family residential [Member]
Schedule of Bank’s Internal Risk Rating System [Line Items]
Loans and Leases Receivable, Gross	237,683
Commercial real estate [Member]
Schedule of Bank’s Internal Risk Rating System [Line Items]
Loans and Leases Receivable, Gross	389,134
Construction and land [Member]
Schedule of Bank’s Internal Risk Rating System [Line Items]
Loans and Leases Receivable, Gross	21,853
Home equity lines of credit [Member]
Schedule of Bank’s Internal Risk Rating System [Line Items]
Loans and Leases Receivable, Gross	16,983
Commercial business [Member]
Schedule of Bank’s Internal Risk Rating System [Line Items]
Loans and Leases Receivable, Gross	30,194
Other [Member]
Schedule of Bank’s Internal Risk Rating System [Line Items]
Loans and Leases Receivable, Gross	2,359
Pass [Member]
Schedule of Bank’s Internal Risk Rating System [Line Items]
Loans and Leases Receivable, Gross	692,585
Pass [Member] | One-to four-family residential [Member]
Schedule of Bank’s Internal Risk Rating System [Line Items]
Loans and Leases Receivable, Gross	236,876
Pass [Member] | Commercial real estate [Member]
Schedule of Bank’s Internal Risk Rating System [Line Items]
Loans and Leases Receivable, Gross	386,794
Pass [Member] | Construction and land [Member]
Schedule of Bank’s Internal Risk Rating System [Line Items]
Loans and Leases Receivable, Gross	19,379
Pass [Member] | Home equity lines of credit [Member]
Schedule of Bank’s Internal Risk Rating System [Line Items]
Loans and Leases Receivable, Gross	16,983
Pass [Member] | Commercial business [Member]
Schedule of Bank’s Internal Risk Rating System [Line Items]
Loans and Leases Receivable, Gross	30,194
Pass [Member] | Other [Member]
Schedule of Bank’s Internal Risk Rating System [Line Items]
Loans and Leases Receivable, Gross	2,359
Special Mention [Member]
Schedule of Bank’s Internal Risk Rating System [Line Items]
Loans and Leases Receivable, Gross	116
Special Mention [Member] | One-to four-family residential [Member]
Schedule of Bank’s Internal Risk Rating System [Line Items]
Loans and Leases Receivable, Gross
Special Mention [Member] | Commercial real estate [Member]
Schedule of Bank’s Internal Risk Rating System [Line Items]
Loans and Leases Receivable, Gross	116
Special Mention [Member] | Construction and land [Member]
Schedule of Bank’s Internal Risk Rating System [Line Items]
Loans and Leases Receivable, Gross
Special Mention [Member] | Home equity lines of credit [Member]
Schedule of Bank’s Internal Risk Rating System [Line Items]
Loans and Leases Receivable, Gross
Special Mention [Member] | Commercial business [Member]
Schedule of Bank’s Internal Risk Rating System [Line Items]
Loans and Leases Receivable, Gross
Special Mention [Member] | Other [Member]
Schedule of Bank’s Internal Risk Rating System [Line Items]
Loans and Leases Receivable, Gross
Substandard [Member]
Schedule of Bank’s Internal Risk Rating System [Line Items]
Loans and Leases Receivable, Gross	5,505
Substandard [Member] | One-to four-family residential [Member]
Schedule of Bank’s Internal Risk Rating System [Line Items]
Loans and Leases Receivable, Gross	807
Substandard [Member] | Commercial real estate [Member]
Schedule of Bank’s Internal Risk Rating System [Line Items]
Loans and Leases Receivable, Gross	2,224
Substandard [Member] | Construction and land [Member]
Schedule of Bank’s Internal Risk Rating System [Line Items]
Loans and Leases Receivable, Gross	2,474
Substandard [Member] | Home equity lines of credit [Member]
Schedule of Bank’s Internal Risk Rating System [Line Items]
Loans and Leases Receivable, Gross
Substandard [Member] | Commercial business [Member]
Schedule of Bank’s Internal Risk Rating System [Line Items]
Loans and Leases Receivable, Gross
Substandard [Member] | Other [Member]
Schedule of Bank’s Internal Risk Rating System [Line Items]
Loans and Leases Receivable, Gross
Doubtful [Member]
Schedule of Bank’s Internal Risk Rating System [Line Items]
Loans and Leases Receivable, Gross
Doubtful [Member] | One-to four-family residential [Member]
Schedule of Bank’s Internal Risk Rating System [Line Items]
Loans and Leases Receivable, Gross
Doubtful [Member] | Commercial real estate [Member]
Schedule of Bank’s Internal Risk Rating System [Line Items]
Loans and Leases Receivable, Gross
Doubtful [Member] | Construction and land [Member]
Schedule of Bank’s Internal Risk Rating System [Line Items]
Loans and Leases Receivable, Gross
Doubtful [Member] | Home equity lines of credit [Member]
Schedule of Bank’s Internal Risk Rating System [Line Items]
Loans and Leases Receivable, Gross
Doubtful [Member] | Commercial business [Member]
Schedule of Bank’s Internal Risk Rating System [Line Items]
Loans and Leases Receivable, Gross
Doubtful [Member] | Other [Member]
Schedule of Bank’s Internal Risk Rating System [Line Items]
Loans and Leases Receivable, Gross

LOANS RECEIVABLE, NET (Detail_5

LOANS RECEIVABLE, NET (Details) - Schedule of the Loan Portfolio by Analyzing the Age - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2023
Financing Receivable, Past Due [Line Items]
Current	$ 779,980	$ 692,291
Total Loans	781,216	698,206
One-to four-family residential [Member]
Financing Receivable, Past Due [Line Items]
Current	245,458	236,729
Total Loans	246,201	237,683
Commercial real estate [Member]
Financing Receivable, Past Due [Line Items]
Current	461,203	386,794
Total Loans	461,319	389,134
Construction and land [Member]
Financing Receivable, Past Due [Line Items]
Current	22,722	19,379
Total Loans	22,722	21,853
Home equity lines of credit [Member]
Financing Receivable, Past Due [Line Items]
Current	24,492	16,983
Total Loans	24,728	16,983
Commercial business [Member]
Financing Receivable, Past Due [Line Items]
Current	23,870	30,047
Total Loans	24,011	30,194
Other [Member]
Financing Receivable, Past Due [Line Items]
Current	2,235	2,359
Total Loans	2,235	2,359
30-59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due	141	147
30-59 Days Past Due [Member] | One-to four-family residential [Member]
Financing Receivable, Past Due [Line Items]
Past Due
30-59 Days Past Due [Member] | Commercial real estate [Member]
Financing Receivable, Past Due [Line Items]
Past Due
30-59 Days Past Due [Member] | Construction and land [Member]
Financing Receivable, Past Due [Line Items]
Past Due
30-59 Days Past Due [Member] | Home equity lines of credit [Member]
Financing Receivable, Past Due [Line Items]
Past Due
30-59 Days Past Due [Member] | Commercial business [Member]
Financing Receivable, Past Due [Line Items]
Past Due	141	147
30-59 Days Past Due [Member] | Other [Member]
Financing Receivable, Past Due [Line Items]
Past Due
60-89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due	863	684
60-89 Days Past Due [Member] | One-to four-family residential [Member]
Financing Receivable, Past Due [Line Items]
Past Due	627	568
60-89 Days Past Due [Member] | Commercial real estate [Member]
Financing Receivable, Past Due [Line Items]
Past Due		116
60-89 Days Past Due [Member] | Construction and land [Member]
Financing Receivable, Past Due [Line Items]
Past Due
60-89 Days Past Due [Member] | Home equity lines of credit [Member]
Financing Receivable, Past Due [Line Items]
Past Due	236
60-89 Days Past Due [Member] | Commercial business [Member]
Financing Receivable, Past Due [Line Items]
Past Due
60-89 Days Past Due [Member] | Other [Member]
Financing Receivable, Past Due [Line Items]
Past Due
90 Days + Past Due [Member]
Financing Receivable, Past Due [Line Items]
Past Due	232	5,084
90 Days + Past Due [Member] | One-to four-family residential [Member]
Financing Receivable, Past Due [Line Items]
Past Due	116	386
90 Days + Past Due [Member] | Commercial real estate [Member]
Financing Receivable, Past Due [Line Items]
Past Due	116	2,224
90 Days + Past Due [Member] | Construction and land [Member]
Financing Receivable, Past Due [Line Items]
Past Due		2,474
90 Days + Past Due [Member] | Home equity lines of credit [Member]
Financing Receivable, Past Due [Line Items]
Past Due
90 Days + Past Due [Member] | Commercial business [Member]
Financing Receivable, Past Due [Line Items]
Past Due
90 Days + Past Due [Member] | Other [Member]
Financing Receivable, Past Due [Line Items]
Past Due

LOANS RECEIVABLE, NET (Detail_6

LOANS RECEIVABLE, NET (Details) - Schedule of Non-Accrual Loans Related Allowance for Credit Loss by Loan - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2023
Total Non-Accrual [Member]
Financing Receivable, Nonaccrual [Line Items]
One-to-four family residential	$ 116	$ 386
Commercial real estate	116	2,224
Total	232	5,084
Construction and land		2,474
Non-Accrual with ACL [Member]
Financing Receivable, Nonaccrual [Line Items]
One-to-four family residential
Commercial real estate
Total
Non-Accrual without ACL [Member]
Financing Receivable, Nonaccrual [Line Items]
One-to-four family residential	116
Commercial real estate	116
Total	$ 232
Specific Reserve [Member]
Financing Receivable, Nonaccrual [Line Items]
One-to-four family residential
Commercial real estate
Total
Construction and land

LOANS RECEIVABLE, NET (Detail_7

LOANS RECEIVABLE, NET (Details) - Schedule of Non-Performing Collateral Dependent Loans $ in Thousands	12 Months Ended
	Sep. 30, 2024 USD ($)
Schedule of Non Performing Collateral Dependent Loans [Abstract]
One- to four-family residential	$ 116
Commercial real estate	116
Total	$ 232

LOANS RECEIVABLE, NET (Detail_8

LOANS RECEIVABLE, NET (Details) - Schedule of Impaired Loans $ in Thousands	Sep. 30, 2023 USD ($)
Schedule of Impaired Loans [Line Items]
Recorded Investment Impaired Loans with Specific Allowance
Related Allowance Impaired Loans with Specific Allowance
Recorded Investment Impaired Loans with No Specific Allowance	7,621
Total Impaired Loans Recorded Investment	7,621
Total Impaired Loans Unpaid Principal Balance	7,686
One-to four-family residential [Member]
Schedule of Impaired Loans [Line Items]
Recorded Investment Impaired Loans with Specific Allowance
Related Allowance Impaired Loans with Specific Allowance
Recorded Investment Impaired Loans with No Specific Allowance	2,031
Total Impaired Loans Recorded Investment	2,031
Total Impaired Loans Unpaid Principal Balance	2,031
Commercial real estate [Member]
Schedule of Impaired Loans [Line Items]
Recorded Investment Impaired Loans with Specific Allowance
Related Allowance Impaired Loans with Specific Allowance
Recorded Investment Impaired Loans with No Specific Allowance	2,969
Total Impaired Loans Recorded Investment	2,969
Total Impaired Loans Unpaid Principal Balance	2,969
Construction and land [Member]
Schedule of Impaired Loans [Line Items]
Recorded Investment Impaired Loans with Specific Allowance
Related Allowance Impaired Loans with Specific Allowance
Recorded Investment Impaired Loans with No Specific Allowance	2,474
Total Impaired Loans Recorded Investment	2,474
Total Impaired Loans Unpaid Principal Balance	2,539
Commercial business [Member]
Schedule of Impaired Loans [Line Items]
Recorded Investment Impaired Loans with Specific Allowance
Related Allowance Impaired Loans with Specific Allowance
Recorded Investment Impaired Loans with No Specific Allowance	147
Total Impaired Loans Recorded Investment	147
Total Impaired Loans Unpaid Principal Balance	$ 147

LOANS RECEIVABLE, NET (Detail_9

LOANS RECEIVABLE, NET (Details) - Schedule of Allowance for Loan Losses by Loan Category - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Financing Receivable, Allowance for Credit Loss [Line Items]
Balance - Beginning balance	$ 8,330	$ 8,433
Effect of adopting ASU 2016-13	(1,032)
Charge-offs		(488)
Recoveries	68	4
Provision (credit)	182	381
Balance-Ending balance	7,548	8,330
Individually evaluated for impairment
Collectively evaluated for impairment		8,330
One-to-Four Family Residential [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Balance - Beginning balance	1,259	1,223
Effect of adopting ASU 2016-13	7
Charge-offs
Recoveries	1	4
Provision (credit)	(512)	32
Balance-Ending balance	755	1,259
Individually evaluated for impairment
Collectively evaluated for impairment		1,259
Commercial Real Estate [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Balance - Beginning balance	5,277	4,612
Effect of adopting ASU 2016-13	(589)
Charge-offs
Recoveries
Provision (credit)	646	665
Balance-Ending balance	5,334	5,277
Individually evaluated for impairment
Collectively evaluated for impairment		5,277
Construction and Land [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Balance - Beginning balance	472	461
Effect of adopting ASU 2016-13	(55)
Charge-offs
Recoveries	65
Provision (credit)	142	11
Balance-Ending balance	624	472
Individually evaluated for impairment
Collectively evaluated for impairment		472
Home Equity Lines of Credit [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Balance - Beginning balance	207	263
Effect of adopting ASU 2016-13	(87)
Charge-offs
Recoveries
Provision (credit)	(90)	(56)
Balance-Ending balance	30	207
Individually evaluated for impairment
Collectively evaluated for impairment		207
Commercial Business [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Balance - Beginning balance	939	1,484
Effect of adopting ASU 2016-13	(133)
Charge-offs		(488)
Recoveries	2
Provision (credit)	(3)	(57)
Balance-Ending balance	805	939
Individually evaluated for impairment
Collectively evaluated for impairment		939
Other [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Balance - Beginning balance	2	1
Effect of adopting ASU 2016-13	(1)
Charge-offs
Recoveries
Provision (credit)	(1)	1
Balance-Ending balance		2
Individually evaluated for impairment
Collectively evaluated for impairment		2
Unallocated [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Balance - Beginning balance	174	389
Effect of adopting ASU 2016-13	(174)
Charge-offs
Recoveries
Provision (credit)		(215)
Balance-Ending balance		174
Individually evaluated for impairment
Collectively evaluated for impairment		174
Loans receivable Beginning [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Balance - Beginning balance	698,206
Balance-Ending balance		698,206
Loans receivable Beginning [Member] | One-to-Four Family Residential [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Balance - Beginning balance	237,683
Balance-Ending balance		237,683
Loans receivable Beginning [Member] | Commercial Real Estate [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Balance - Beginning balance	389,134
Balance-Ending balance		389,134
Loans receivable Beginning [Member] | Construction and Land [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Balance - Beginning balance	21,853
Balance-Ending balance		21,853
Loans receivable Beginning [Member] | Home Equity Lines of Credit [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Balance - Beginning balance	16,983
Balance-Ending balance		16,983
Loans receivable Beginning [Member] | Commercial Business [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Balance - Beginning balance	30,194
Balance-Ending balance		30,194
Loans receivable Beginning [Member] | Other [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Balance - Beginning balance	2,359
Balance-Ending balance		2,359
Loans receivable Beginning [Member] | Unallocated [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Balance - Beginning balance
Balance-Ending balance
Loans Receivable For impairment [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Individually evaluated for impairment		7,621
Loans Receivable For impairment [Member] | One-to-Four Family Residential [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Individually evaluated for impairment		2,031
Loans Receivable For impairment [Member] | Commercial Real Estate [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Individually evaluated for impairment		2,969
Loans Receivable For impairment [Member] | Construction and Land [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Individually evaluated for impairment		2,474
Loans Receivable For impairment [Member] | Home Equity Lines of Credit [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Individually evaluated for impairment
Loans Receivable For impairment [Member] | Commercial Business [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Individually evaluated for impairment		147
Loans Receivable For impairment [Member] | Other [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Individually evaluated for impairment
Loans Receivable For impairment [Member] | Unallocated [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Individually evaluated for impairment
Loans Receivable For impairment One [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Collectively evaluated for impairment		690,585
Loans Receivable For impairment One [Member] | One-to-Four Family Residential [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Collectively evaluated for impairment		235,652
Loans Receivable For impairment One [Member] | Commercial Real Estate [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Collectively evaluated for impairment		386,165
Loans Receivable For impairment One [Member] | Construction and Land [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Collectively evaluated for impairment		19,379
Loans Receivable For impairment One [Member] | Home Equity Lines of Credit [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Collectively evaluated for impairment		16,983
Loans Receivable For impairment One [Member] | Commercial Business [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Collectively evaluated for impairment		30,047
Loans Receivable For impairment One [Member] | Other [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Collectively evaluated for impairment		2,359
Loans Receivable For impairment One [Member] | Unallocated [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Collectively evaluated for impairment

LOANS RECEIVABLE, NET (Detai_10

LOANS RECEIVABLE, NET (Details) - Schedule of Troubled Debt Restructuring $ in Thousands	12 Months Ended
	Sep. 30, 2024 USD ($)
Schedule of Troubled Debt Restructuring [Line Items]
Number of Loans	1
Investment Before TDR Modification	$ 97
Investment After TDR Modification	$ 106
One-to four-family residential [Member]
Schedule of Troubled Debt Restructuring [Line Items]
Number of Loans	1
Investment Before TDR Modification	$ 97
Investment After TDR Modification	$ 106

PREMISES AND EQUIPMENTS (Detail

PREMISES AND EQUIPMENTS (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Premises and Equipments [Abstract]
Depreciation expense	$ 890	$ 840

PREMISES AND EQUIPMENTS (Deta_2

PREMISES AND EQUIPMENTS (Details) - Schedule of Premises and Equipments - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2023
Property, Plant and Equipment [Line Items]
Premises and equipment, gross	$ 29,690	$ 29,594
Less accumulated depreciation	(17,145)	(16,255)
Premises and equipment, net	12,545	13,339
Land [Member]
Property, Plant and Equipment [Line Items]
Land, gross	3,095	3,811
Buildings and improvements [Member]
Property, Plant and Equipment [Line Items]
Buildings and improvements, gross	22,441	21,923
Furniture, fixtures and equipment [Member]
Property, Plant and Equipment [Line Items]
Furniture, fixtures and equipment, gross	$ 4,154	$ 3,860
Minimum [Member] | Buildings and improvements [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	10 years
Minimum [Member] | Furniture, fixtures and equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	5 years
Maximum [Member] | Buildings and improvements [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	40 years
Maximum [Member] | Furniture, fixtures and equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated Useful Lives	10 years

OTHER REAL ESTATE OWNED (Detail

OTHER REAL ESTATE OWNED (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Other Real Estate Owned [Abstract]
Real estate owned properties	$ 3,700	$ 328

DEPOSITS (Details)

DEPOSITS (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2023
Deposits [Line Items]
FDIC insurance limit on bank deposit accounts	$ 250	$ 250
Federal deposit insurance	380,000	429,900
Collateralized deposits	3,200	3,500
Deposits [Member]
Deposits [Line Items]
Brokered certificates of deposit	29,600	13,800
Brokered Certificates [Member]
Deposits [Line Items]
Brokered certificates of deposit	$ 20,000	$ 14,000

DEPOSITS (Details) - Schedule o

DEPOSITS (Details) - Schedule of Deposits by Type of Account - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2023
Schedule of Deposits by Type of Account [Abstract]
Demand accounts	$ 132,837	$ 188,550
Savings accounts	52,853	62,168
NOW accounts	146,744	115,182
Money market accounts	304,588	284,885
Certificate of deposit	146,674	92,725
Retirement accounts	12,978	11,943
Total deposits	$ 796,674	$ 755,453

DEPOSITS (Details) - Schedule_2

DEPOSITS (Details) - Schedule of Contractual Maturities of Certificates of Deposit $ in Thousands	Sep. 30, 2024 USD ($)
Schedule of Contractual Maturities of Certificates of Deposit [Abstract]
2025	$ 99,174
2026	18,096
2027	6,896
2028	19,409
2029	14,993
2030 and after	1,084
Total	$ 159,652

BORROWINGS (Details)

BORROWINGS (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2023
Borrowings [Line Items]
Federal advances	$ 28,568	$ 29,515
Weighted average interest rate	2.90%	3.27%
Advance federal home loan	$ 123,700	$ 122,200

BORROWINGS (Details) - Schedule

BORROWINGS (Details) - Schedule of Long Term of FHLBNY Advances $ in Thousands	Sep. 30, 2024 USD ($)
Schedule of Long Term of Fhlbny Advances [Line Items]
2025	$ 3,500
2026	1,631
2027	9,437
2028	14,000
2029
Thereafter
Total	$ 28,568

BORROWINGS (Details) - Schedu_2

BORROWINGS (Details) - Schedule of Short-Term Arrangements with the FHLBNY - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Schedule of Short-Term Arrangements with the FHLBNY [Abstract]
Balance at end of year
Weighted average balance during the year		1,283
Maximum month-end balance during the year		$ 16,450
Average interest rate during the year		4.65%

SERVICING POLICY (Details)

SERVICING POLICY (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Servicing Policy [Abstract]
Loans sold with servicing retained	$ 6,400	$ 6,500
Loans sold, servicing released	0	0
Value of loans sold still being serviced	1,400	1,900
Loans sold amount	$ 38,400	$ 35,500

SERVICING POLICY (Details) - Sc

SERVICING POLICY (Details) - Schedule of Activity in Mortgage Servicing Rights - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Schedule of Activity in Mortgage Servicing Rights [Abstract]
Beginning balance	$ 28
Origination of mortgage servicing rights	151	28
Amortization	(20)
Ending balance	$ 159	$ 28

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Millions		12 Months Ended
	Sep. 30, 2029	Sep. 30, 2024	Sep. 30, 2023
Income Taxes [Line Items]
Statutory income tax		9%	9%
Income excess (in Dollars)		$ 10	$ 1
Surtax rate		11.50%	11.50%
Forecast [Member]
Income Taxes [Line Items]
Surtax rate	2.50%

INCOME TAXES (Details) - Schedu

INCOME TAXES (Details) - Schedule of Income Tax Expense - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Schedule of Income Tax Expense [Abstract]
Current	$ 3,423	$ 3,647
Deferred	(106)	(615)
Total income tax expense	$ 3,317	$ 3,032

INCOME TAXES (Details) - Sche_2

INCOME TAXES (Details) - Schedule of Reconciliation of Income Tax - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Schedule of Reconciliation of Income Tax [Abstract]
Income tax expense at statutory rate	$ 2,331	$ 2,256
Increase (decrease) resulting from:
State income taxes, net of federal income tax benefit	1,005	931
Tax-exempt income, net	(103)	(90)
BOLI policy surrender tax	277
Nondeductible expenses	56	58
Share based compensation	40	54
Employee stock ownership plan	6	11
Other, net	(295)	(188)
Total income tax expense	$ 3,317	$ 3,032

INCOME TAXES (Details) - Sche_3

INCOME TAXES (Details) - Schedule of Deferred Tax Effect - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2023
Schedule of Deferred Tax Effect [Abstract]
Allowance for credit losses	$ 2,248	$ 2,342
Net unrealized loss, investment securities available-for-sale	278	483
Deferred loan fees	296	287
Unrealized loss, minimum pension liability	132	132
Employee benefits	340	265
Allowance for transaction expense	6	11
Straight line rent	54	72
Gross deferred tax asset	3,354	3,592
Depreciation	(551)	(588)
Mortgage servicing rights	(45)	(8)
Gross deferred tax liability	(596)	(596)
Net deferred tax asset, included in other assets	$ 2,758	$ 2,996

PENSION PLAN (Details)

PENSION PLAN (Details) - USD ($)	Sep. 30, 2024	Sep. 30, 2023
Pension Plan [Abstract]
Actuarial losses, income tax effects	$ 91,000	$ 440,000
Income tax effects	$ 132,000	$ 132,000

PENSION PLAN (Details) - Schedu

PENSION PLAN (Details) - Schedule of Plan's Funded Status and Amounts Recognized - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Schedule of Plans Funded Status And Amounts Recognized [Abstract]
Actuarial present value of benefit obligations	$ 3,697	$ 3,495
Change in benefit obligations
Projected benefit obligation, beginning	3,495	3,735
Interest cost	193	190
Actuarial (gain) loss	283	(181)
Annuity payments and lump sum distributions	(274)	(249)
Projected benefit obligation, end	3,697	3,495
Change in plan assets
Fair value of assets, beginning	4,076	3,886
Actual return on plan assets	816	438
Annuity payments and lump sum distributions	(274)	(248)
Fair value of assets, end	4,618	4,076
Funded status included with other assets	$ 921	$ 580

PENSION PLAN (Details) - Sche_2

PENSION PLAN (Details) - Schedule of Net Pension Costs - Pension Plan [Member] - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Schedule of Net Pension Costs [Line Items]
Service cost benefits earned during the year
Interest cost on projected benefit obligation	193	190
Expected return on plan assets	(236)	(226)
Amortization of unrecognized net loss	53	122
Net pension cost	$ 10	$ 86

PENSION PLAN (Details) - Sche_3

PENSION PLAN (Details) - Schedule of Weighted-Average Asset Allocations by Asset Category	Sep. 30, 2024	Sep. 30, 2023
Schedule of Weighted-Average Asset Allocations by Asset Category [Line Items]
Weighted-average asset allocations	100%	100%
Equity securities [Member]
Schedule of Weighted-Average Asset Allocations by Asset Category [Line Items]
Weighted-average asset allocations	65%	63%
Debt securities (bond mutual funds) [Member]
Schedule of Weighted-Average Asset Allocations by Asset Category [Line Items]
Weighted-average asset allocations	32%	36%
Other (money market fund) [Member]
Schedule of Weighted-Average Asset Allocations by Asset Category [Line Items]
Weighted-average asset allocations	2%	2%

PENSION PLAN (Details) - Sche_4

PENSION PLAN (Details) - Schedule of Expected Benefit Payments $ in Thousands	Sep. 30, 2023 USD ($)
Schedule of Expected Benefit Payments [Abstract]
October 1, 2024 through September 30, 2025	$ 276
October 1, 2025 through September 30, 2026	275
October 1, 2026 through September 30, 2027	274
October 1, 2027 through September 30, 2028	271
October 1, 2028 through September 30, 2029	269
October 1, 2029 through September 30, 2034	1,263
Total	$ 2,628

PENSION PLAN (Details) - Sche_5

PENSION PLAN (Details) - Schedule of Plan Assets that are Measured at Fair Value - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2023
Mutual Funds - Equity
Total Investment	$ 4,618	$ 4,075
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Mutual Funds - Equity
Total Investment	4,618	4,075
Significant Other Observable Inputs (Level 2) [Member]
Mutual Funds - Equity
Total Investment
Significant Unobservable Inputs (Level 3) [Member]
Mutual Funds - Equity
Total Investment
Large-Cap Value [Member]
Mutual Funds - Equity
Total Investment	738	682
Large-Cap Value [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Mutual Funds - Equity
Total Investment	738	682
Large-Cap Value [Member] | Significant Other Observable Inputs (Level 2) [Member]
Mutual Funds - Equity
Total Investment
Large-Cap Value [Member] | Significant Unobservable Inputs (Level 3) [Member]
Mutual Funds - Equity
Total Investment
Large-Cap Core [Member]
Mutual Funds - Equity
Total Investment	628	525
Large-Cap Core [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Mutual Funds - Equity
Total Investment	628	525
Large-Cap Core [Member] | Significant Other Observable Inputs (Level 2) [Member]
Mutual Funds - Equity
Total Investment
Large-Cap Core [Member] | Significant Unobservable Inputs (Level 3) [Member]
Mutual Funds - Equity
Total Investment
Mid-Cap Core [Member]
Mutual Funds - Equity
Total Investment	591	459
Mid-Cap Core [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Mutual Funds - Equity
Total Investment	591	459
Mid-Cap Core [Member] | Significant Other Observable Inputs (Level 2) [Member]
Mutual Funds - Equity
Total Investment
Mid-Cap Core [Member] | Significant Unobservable Inputs (Level 3) [Member]
Mutual Funds - Equity
Total Investment
Small-Cap Core [Member]
Mutual Funds - Equity
Total Investment	484	429
Small-Cap Core [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Mutual Funds - Equity
Total Investment	484	429
Small-Cap Core [Member] | Significant Other Observable Inputs (Level 2) [Member]
Mutual Funds - Equity
Total Investment
Small-Cap Core [Member] | Significant Unobservable Inputs (Level 3) [Member]
Mutual Funds - Equity
Total Investment
Non-U.S. Core [Member]
Mutual Funds - Equity
Total Investment	581	465
Non-U.S. Core [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Mutual Funds - Equity
Total Investment	581	465
Non-U.S. Core [Member] | Significant Other Observable Inputs (Level 2) [Member]
Mutual Funds - Equity
Total Investment
Non-U.S. Core [Member] | Significant Unobservable Inputs (Level 3) [Member]
Mutual Funds - Equity
Total Investment
Intermediate Duration [Member]
Mutual Funds - Equity
Total Investment	707	634
Intermediate Duration [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Mutual Funds - Equity
Total Investment	707	634
Intermediate Duration [Member] | Significant Other Observable Inputs (Level 2) [Member]
Mutual Funds - Equity
Total Investment
Intermediate Duration [Member] | Significant Unobservable Inputs (Level 3) [Member]
Mutual Funds - Equity
Total Investment
Short- Duration Corporate [Member]
Mutual Funds - Equity
Total Investment	787	816
Short- Duration Corporate [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Mutual Funds - Equity
Total Investment	787	816
Short- Duration Corporate [Member] | Significant Other Observable Inputs (Level 2) [Member]
Mutual Funds - Equity
Total Investment
Short- Duration Corporate [Member] | Significant Unobservable Inputs (Level 3) [Member]
Mutual Funds - Equity
Total Investment
Money Market [Member]
Mutual Funds - Equity
Total Investment	102	65
Money Market [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Mutual Funds - Equity
Total Investment	102	65
Money Market [Member] | Significant Other Observable Inputs (Level 2) [Member]
Mutual Funds - Equity
Total Investment
Money Market [Member] | Significant Unobservable Inputs (Level 3) [Member]
Mutual Funds - Equity
Total Investment

NONQUALIFIED COMPENSATION PLAN

NONQUALIFIED COMPENSATION PLAN (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Nonqualified Compensation Plan [Abstract]
Board and committee fees description	The amount will be 10% plus 2 1/2% for each year of service as a Director, with a minimum of 50%, provided the Director has served for at least five years, and a maximum of 60%. The maximum benefit increases for any Director serving as Chairman of the Board for at least five years to 75%.
Life Insurance Contracts, Value	$ 23,300	$ 18,000
Retirement benefits	384	375
Accrued retirement benefits	$ 1,000	$ 828

401(K) EMPLOYEE CONTRIBUTION _2

401(K) EMPLOYEE CONTRIBUTION PLAN (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Employee Contribution Plan [Abstract]
Contributed amount	$ 255	$ 257

COMMITMENTS (Details)

COMMITMENTS (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Apr. 01, 2024
Commitments and Contingencies Disclosure [Abstract]
Lease term		10 years
Extend lease term		10 years
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]			lease liability
Lease liability			$ 180
Discount rate of lease liability			4.22%
Rental expense	$ 809	$ 809

COMMITMENTS (Details) - Schedul

COMMITMENTS (Details) - Schedule of Balance Sheet Information Related to Leases - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2023
Schedule of Balance Sheet Information Related to Leases [Abstract]
Operating lease right-of-use asset	$ 2,223	$ 2,687
Operating lease liabilities	$ 2,413	$ 2,944
Weighted average remaining lease term in years	6 years	6 years 4 months 24 days
Weighted average discount rate	2.40%	2.20%

COMMITMENTS (Details) - Sched_2

COMMITMENTS (Details) - Schedule of Maturity of Remaining Lease Liabilities - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2023
Schedule of Maturity of Remaining Lease Liabilities [Abstract]
2025	$ 558
2026	490
2027	370
2028	337
2029	318
2030 and thereafter	600
Total lease payments	2,673
Less imputed interest	(260)
Present value of lease liabilities	$ 2,413	$ 2,944

FINANCIAL INSTRUMENTS WITH OF_3

FINANCIAL INSTRUMENTS WITH OFF-BALANCE-SHEET RISK (Details) - Schedule of Information Regarding Derivatives - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Customer Interest Rate Swaps [Member]
Derivative [Line Items]
Notional Amount	$ 34,890	$ 36,020
Average Maturity (Years)	3 years 2 months 12 days	4 years 2 months 12 days
Weighted Average Fixed Rate	4.96%	4.96%
Weighted Average Variable Rate	1 Mo. BSBY + 2.44	1 Mo. BSBY + 2.44
Fair Value	$ 1,405	$ 2,579
Classified in Other Assets [Member]
Derivative [Line Items]
Notional Amount	$ 34,890	$ 36,020
Average Maturity (Years)	3 years 2 months 12 days	4 years 2 months 12 days
Weighted Average Fixed Rate	4.96%	4.96%
Fair Value	$ 1,405	$ 2,579
3rd Party Interest Rate swaps [Member]
Derivative [Line Items]
Notional Amount	$ 34,890	$ 36,020
Average Maturity (Years)	3 years 2 months 12 days	4 years 2 months 12 days
Weighted Average Fixed Rate	4.96%	4.96%
Weighted Average Variable Rate	1 Mo. BSBY + 2.44	1 Mo. BSBY + 2.44
Fair Value	$ 1,405	$ 2,579
Classified in Other Liabilities [Member]
Derivative [Line Items]
Notional Amount	$ 34,890	$ 36,020
Average Maturity (Years)	3 years 2 months 12 days	4 years 2 months 12 days
Weighted Average Fixed Rate	4.96%	4.96%
Fair Value	$ 1,405	$ 2,579

FINANCIAL INSTRUMENTS WITH OF_4

FINANCIAL INSTRUMENTS WITH OFF-BALANCE-SHEET RISK (Details) - Schedule of Financial Instruments with Off-Balance-Sheet Risk - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2023
Financial instruments whose contract amounts
Financial instruments - contract amounts	$ 117,539	$ 121,056
Letters of Credit [Member]
Financial instruments whose contract amounts
Financial instruments - contract amounts	620	1,073
Unused Lines of Credit [Member]
Financial instruments whose contract amounts
Financial instruments - contract amounts	88,272	89,933
Fixed Rate Loan Commitments [Member]
Financial instruments whose contract amounts
Financial instruments - contract amounts	1,804	3,578
Variable Rate Loan Commitments [Member]
Financial instruments whose contract amounts
Financial instruments - contract amounts	$ 26,843	$ 26,472

FAIR VALUE DISCLOSURES (Details

FAIR VALUE DISCLOSURES (Details) - Schedule of Assets Measured At Fair Value on a Recurring Basis - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2023
Liabilities:
Corporate securities	$ 4,021
Total securities available for sale	15,616	$ 10,125
Derivative assets	1,405	2,579
Total assets	17,021	12,704
Derivative liabilities	1,405	2,579
Total Liabilities	1,405	2,579
Obligations of U.S. government enterprises Mortgage-backed securities [Member]
Obligations of U.S. government agencies:
Mortgage-backed securities - residential	89	92
Obligations of U.S. government-sponsored enterprises Mortgage-backed securities-residential [Member]
Obligations of U.S. government agencies:
Mortgage-backed securities - residential	11,506	10,033
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Liabilities:
Corporate securities
Total securities available for sale
Derivative assets
Total assets
Derivative liabilities
Total Liabilities
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Liabilities:
Corporate securities	4,021
Total securities available for sale	15,616	10,125
Derivative assets	1,405	2,579
Total assets	17,021	12,704
Derivative liabilities	1,405	2,579
Total Liabilities	1,405	2,579
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Liabilities:
Corporate securities
Total securities available for sale
Derivative assets
Total assets
Derivative liabilities
Total Liabilities
Fair Value, Recurring [Member] | Obligations of U.S. government enterprises Mortgage-backed securities [Member] | Fair Value, Inputs, Level 1 [Member]
Obligations of U.S. government agencies:
Mortgage-backed securities - residential
Fair Value, Recurring [Member] | Obligations of U.S. government enterprises Mortgage-backed securities [Member] | Fair Value, Inputs, Level 2 [Member]
Obligations of U.S. government agencies:
Mortgage-backed securities - residential	89	92
Fair Value, Recurring [Member] | Obligations of U.S. government enterprises Mortgage-backed securities [Member] | Fair Value, Inputs, Level 3 [Member]
Obligations of U.S. government agencies:
Mortgage-backed securities - residential
Fair Value, Recurring [Member] | Obligations of U.S. government-sponsored enterprises Mortgage-backed securities-residential [Member] | Fair Value, Inputs, Level 1 [Member]
Obligations of U.S. government agencies:
Mortgage-backed securities - residential
Fair Value, Recurring [Member] | Obligations of U.S. government-sponsored enterprises Mortgage-backed securities-residential [Member] | Fair Value, Inputs, Level 2 [Member]
Obligations of U.S. government agencies:
Mortgage-backed securities - residential	11,506	10,033
Fair Value, Recurring [Member] | Obligations of U.S. government-sponsored enterprises Mortgage-backed securities-residential [Member] | Fair Value, Inputs, Level 3 [Member]
Obligations of U.S. government agencies:
Mortgage-backed securities - residential

FAIR VALUE DISCLOSURES (Detai_2

FAIR VALUE DISCLOSURES (Details) - Schedule of Fair Value on a Non-Recurring Basis - Fair Value, Nonrecurring [Member] - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2023
Schedule of Fair Value on a Non-Recurring Basis [Line Items]
Assets measured at fair value	$ 1,501	$ 777
Fair Value, Inputs, Level 1 [Member]
Schedule of Fair Value on a Non-Recurring Basis [Line Items]
Assets measured at fair value
Fair Value, Inputs, Level 2 [Member]
Schedule of Fair Value on a Non-Recurring Basis [Line Items]
Assets measured at fair value
Fair Value, Inputs, Level 3 [Member]
Schedule of Fair Value on a Non-Recurring Basis [Line Items]
Assets measured at fair value		777
Other real estate owned [Member]
Schedule of Fair Value on a Non-Recurring Basis [Line Items]
Assets measured at fair value	1,501
Other real estate owned [Member] | Fair Value, Inputs, Level 1 [Member]
Schedule of Fair Value on a Non-Recurring Basis [Line Items]
Assets measured at fair value
Other real estate owned [Member] | Fair Value, Inputs, Level 2 [Member]
Schedule of Fair Value on a Non-Recurring Basis [Line Items]
Assets measured at fair value
Fair Value, Inputs, Level 3 [Member]
Schedule of Fair Value on a Non-Recurring Basis [Line Items]
Assets measured at fair value	$ 1,501
Impaired Loans [Member]
Schedule of Fair Value on a Non-Recurring Basis [Line Items]
Assets measured at fair value		777
Impaired Loans [Member] | Fair Value, Inputs, Level 1 [Member]
Schedule of Fair Value on a Non-Recurring Basis [Line Items]
Assets measured at fair value
Impaired Loans [Member] | Fair Value, Inputs, Level 2 [Member]
Schedule of Fair Value on a Non-Recurring Basis [Line Items]
Assets measured at fair value
Impaired Loans [Member] | Fair Value, Inputs, Level 3 [Member]
Schedule of Fair Value on a Non-Recurring Basis [Line Items]
Assets measured at fair value		$ 777

FAIR VALUE DISCLOSURES (Detai_3

FAIR VALUE DISCLOSURES (Details) - Schedule of Quantitative Information about Assets Measured At Fair Value on a Nonrecurring Basis - USD ($) $ in Thousands		12 Months Ended
		Sep. 30, 2024	Sep. 30, 2023
Other real estate owned [Member]
Quantitative Information About Assets Measured at Fair Value on a Nonrecurring Basis [Line Items]
Fair Value Estimate		$ 1,501
Valuation Techniques		Appraisal
Unobservable Input	[1]	Liquidation expenses (2)
Range (Weighted Average)		-13.0% to -19.6% (-14.6%)
Impaired loans [Membe]
Quantitative Information About Assets Measured at Fair Value on a Nonrecurring Basis [Line Items]
Fair Value Estimate			$ 777
Valuation Techniques	[2]		Appraisal of collateral (1)
Unobservable Input	[1]		Appraisal adjustments (2)
Range (Weighted Average)			-50% to -8.0% (-19.4%)
[1]Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range and weighted average of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal.[2]Fair value is generally determined through independent appraisals for the underlying collateral, which generally include various level 3 inputs which are not identifiable.

FAIR VALUE DISCLOSURES (Detai_4

FAIR VALUE DISCLOSURES (Details) - Schedule of the Carrying Amount, Fair Value, and Placement in the Fair Value Hierarchy - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2023
Financial instruments - assets
Loan receivable net allowance for credit losses	$ 3,900	$ 5,100
Fair Value, Inputs, Level 1 [Member]
Financial instruments - assets
Investment securities held-to-maturity
Loan receivable net allowance for credit losses
Financial instruments - liabilities
Certificates of deposit including retirement certificates
Borrowings
Fair Value, Inputs, Level 2 [Member]
Financial instruments - assets
Investment securities held-to-maturity	72,617	73,728
Loan receivable net allowance for credit losses
Financial instruments - liabilities
Certificates of deposit including retirement certificates	159,582	101,216
Borrowings	28,151	28,177
Fair Value, Inputs, Level 3 [Member]
Financial instruments - assets
Investment securities held-to-maturity
Loan receivable net allowance for credit losses	766,822	664,331
Financial instruments - liabilities
Certificates of deposit including retirement certificates
Borrowings
Carrying Value [Member]
Financial instruments - assets
Investment securities held-to-maturity	79,816	85,835
Loan receivable net allowance for credit losses	772,614	689,070
Financial instruments - liabilities
Certificates of deposit including retirement certificates	159,652	104,668
Borrowings	28,568	29,515
Fair Value [Member]
Financial instruments - assets
Investment securities held-to-maturity	72,617	73,728
Loan receivable net allowance for credit losses	766,822	664,331
Financial instruments - liabilities
Certificates of deposit including retirement certificates	159,582	101,216
Borrowings	$ 28,151	$ 28,177

REGULATORY CAPITAL (Details)

REGULATORY CAPITAL (Details)	12 Months Ended
	Sep. 30, 2024
Regulatory Capital [Line Items]
Capital conservation percentage	2.50%

REGULATORY CAPITAL (Details) -

REGULATORY CAPITAL (Details) - Schedule of Company’s and Bank’s Actual and Required Capital Levels		Sep. 30, 2024	Sep. 30, 2023
Tier 1 leverage ratio [Member]
Schedule of Company’s and Bank’s Actual and Required Capital Levels [Line Items]
Required for capital adequacy purposes		4%	4%
To be well-capitalized under prompt corrective action provisions		5%	5%
CET1 [Member]
Schedule of Company’s and Bank’s Actual and Required Capital Levels [Line Items]
Required for capital adequacy purposes	[1]	7%	7%
To be well-capitalized under prompt corrective action provisions		6.50%	6.50%
Tier 1 risk-based capital ratio [Member]
Schedule of Company’s and Bank’s Actual and Required Capital Levels [Line Items]
Required for capital adequacy purposes	[1]	8.50%	8.50%
To be well-capitalized under prompt corrective action provisions		8%	8%
Total risk-based capital ratio [Member]
Schedule of Company’s and Bank’s Actual and Required Capital Levels [Line Items]
Required for capital adequacy purposes	[1]	10.50%	10.50%
To be well-capitalized under prompt corrective action provisions		10%	10%
Magyar Bank [Member] | Tier 1 leverage ratio [Member]
Schedule of Company’s and Bank’s Actual and Required Capital Levels [Line Items]
Bank		11.11%	11.11%
Magyar Bank [Member] | CET1 [Member]
Schedule of Company’s and Bank’s Actual and Required Capital Levels [Line Items]
Bank		14.75%	14.97%
Magyar Bank [Member] | Tier 1 risk-based capital ratio [Member]
Schedule of Company’s and Bank’s Actual and Required Capital Levels [Line Items]
Bank		14.75%	14.97%
Magyar Bank [Member] | Total risk-based capital ratio [Member]
Schedule of Company’s and Bank’s Actual and Required Capital Levels [Line Items]
Bank		15.85%	16.22%
Magyar Bancorp, Inc. [Member] | Tier 1 leverage ratio [Member]
Schedule of Company’s and Bank’s Actual and Required Capital Levels [Line Items]
Company		11.64%	12.15%
Magyar Bancorp, Inc. [Member] | CET1 [Member]
Schedule of Company’s and Bank’s Actual and Required Capital Levels [Line Items]
Company		15.44%	16.37%
Magyar Bancorp, Inc. [Member] | Tier 1 risk-based capital ratio [Member]
Schedule of Company’s and Bank’s Actual and Required Capital Levels [Line Items]
Company		15.44%	16.37%
Magyar Bancorp, Inc. [Member] | Total risk-based capital ratio [Member]
Schedule of Company’s and Bank’s Actual and Required Capital Levels [Line Items]
Company		16.55%	17.62%
[1] Includes 2.50% capital conservation buffer