Meetinghouse Bancorp (MTGB) 10-Q 15 May 15 2015 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Mar. 31, 2015	14-May-15
Document and Entity Information
Entity Registrant Name	Meetinghouse Bancorp, Inc.
Entity Central Index Key	1543367
Document Type	10-Q
Document Period End Date	31-Mar-15
Amendment Flag	FALSE
Current Fiscal Year End Date	-21
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		661,250
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q2

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Mar. 31, 2015	Sep. 30, 2014
In Thousands, unless otherwise specified
ASSETS
Cash and due from banks	$3,764	$4,943
Federal funds sold	1,428	942
Interest-bearing demand deposits with other banks	55	53
Cash and cash equivalents	5,247	5,938
Interest-bearing time deposits in other banks	1,981	1,985
Investments in available-for-sale securities (at fair value)	16,435	16,638
Federal Home Loan Bank stock, at cost	958	754
Loans held-for-sale	7,539	2,727
Loans, net of allowance for loan losses of $521 as of March 31, 2015 and $506 as of September 30, 2014	78,626	77,015
Premises and equipment	1,716	1,772
Investment in real estate	1,138	1,090
Cooperative Central Bank deposit	427	427
Accrued interest receivable	294	273
Other assets	451	544
Total assets	114,812	109,163
Deposits:
Noninterest-bearing	16,247	14,355
Interest-bearing	76,837	73,128
Total deposits	93,084	87,483
Federal Home Loan Bank advances	10,667	10,953
Deferred income tax liability, net	181	58
Other liabilities	288	219
Total liabilities	104,220	98,713
Stockholders' Equity:
Preferred stock, 500,000 shares authorized; none outstanding
Common stock, $.01 par value; 5,000,000 shares authorized; 661,250 and 679,769 shares issued and outstanding at March 31, 2015 and September 30, 2014, respectively	7	7
Additional paid-in capital	5,670	5,903
Retained earnings	5,132	5,035
Unearned compensation - ESOP (30,531 shares unallocated at March 31, 2015 and 38,163 shares at September 30, 2014)	-301	-341
Unearned compensation - restricted stock awards	-182	-221
Accumulated other comprehensive income	266	67
Total stockholders' equity	10,592	10,450
Total liabilities and stockholders' equity	$114,812	$109,163

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Mar. 31, 2015	Sep. 30, 2014
In Thousands, except Share data, unless otherwise specified
CONSOLIDATED BALANCE SHEETS
Loans, allowance for loan losses	$521	$506
Preferred stock, shares authorized (in shares)	500,000	500,000
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$0.01	$0.01
Common stock, shares authorized (in shares)	5,000,000	5,000,000
Common stock, shares issued (in shares)	661,250	661,250
Common stock, shares outstanding (in shares)	679,769	679,769
Unearned Compensation - ESOP, shares unallocated	28,623	32,439

CONSOLIDATED_STATEMENTS_OF_INC

CONSOLIDATED STATEMENTS OF INCOME (LOSS) (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014
Interest and dividend income:
Interest and fees on loans	$895	$701	$1,771	$1,375
Interest and dividends on securities	103	66	209	100
Other interest	6	8	11	16
Total interest and dividend income	1,004	775	1,991	1,491
Interest expense:
Interest on deposits	169	138	332	271
Interest on Federal Home Loan Bank advances	28	4	56	7
Total interest expense	197	142	388	278
Net interest and dividend income	807	633	1,603	1,213
(Benefit) provision for loan losses	-3	-10	15	-21
Net interest and dividend income after (benefit) provision for loan losses	810	643	1,588	1,234
Noninterest income:
Mortgage banking activities	240	138	378	220
Customer service fees	97	85	188	174
Other income	16	11	32	20
Total noninterest income	353	234	598	414
Noninterest expense:
Salaries and employee benefits	569	480	1,097	952
Occupancy and equipment expense	142	114	253	225
Professional fees	100	81	214	186
Data processing	89	70	188	151
Deposit insurance expense	24	15	45	28
Advertising	16	20	37	41
Supplies	15	10	28	20
Other expense	85	83	162	156
Total noninterest expense	1,040	873	2,024	1,759
Income (loss) before income tax expense (benefit)	123	4	162	-111
Income tax expense (benefit)	51	9	65	-38
Net income (loss)	$72	($5)	$97	($73)
Earnings (loss) per share:
Basic (in dollars per share)	$0.12	($0.01)	$0.16	($0.12)
Diluted (in dollars per share)	$0.12	($0.01)	$0.16	($0.12)
Weighted average shares outstanding
Basic (in shares)	612,221	623,108	612,611	619,261
Diluted (in shares)	612,221	623,108	612,611	619,261

CONSOLIDATED_STATEMENTS_OF_COM

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
Net income (loss)	$72	($5)	$97	($73)
Other comprehensive income (loss), net of tax:
Net change in unrealized holding gain on available-for-sale securities	90	14	199	-26
Other comprehensive income (loss), net of tax	90	14	199	-26
Comprehensive income (loss)	$162	$9	$296	($99)

CONSOLIDATED_STATEMENTS_OF_CHA

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (USD $)	Common Stock	Additional paid-in capital	Retained Earnings	Unearned compensation - ESOP	Unearned compensation - Restricted Stock Awards	Accumulated Other Comprehensive Income (Loss)	Total
In Thousands, except Share data, unless otherwise specified
Balance at Sep. 30, 2013	$7	$5,645	$5,179	($482)		$38	$10,387
Balance (in shares) at Sep. 30, 2013	661,250
Increase (Decrease) in Stockholders' Equity
Net income (loss)			-73				-73
Other comprehensive income (loss), net of tax						-26	-26
Net change in unrealized holding gain on available-for-sale securities							-26
Common stock released by ESOP (1,908 and 7,632 shares) for the period ended March 31, 2015 and 2014, respectively		15		80			95
Common stock committed to be released by ESOP (1,908 shares)		3		20			23
Balance at Mar. 31, 2014	7	5,663	5,106	-382		12	10,406
Balance (in shares) at Mar. 31, 2014	661,250
Balance at Sep. 30, 2014	7	5,903	5,035	-341	-221	67	10,450
Balance (in shares) at Sep. 30, 2014	679,769
Increase (Decrease) in Stockholders' Equity
Net income (loss)			97				97
Other comprehensive income (loss), net of tax						199	199
shares repurchased		-243					-243
shares repurchased (in shares)	-18,519
Compensation expense - restricted stock awards					39		39
Net change in unrealized holding gain on available-for-sale securities							199
Common stock released by ESOP (1,908 and 7,632 shares) for the period ended March 31, 2015 and 2014, respectively		5		20			25
Common stock committed to be released by ESOP (1,908 shares)		5		20			25
Balance at Mar. 31, 2015	$7	$5,670	$5,132	($301)	($182)	$266	$10,592
Balance (in shares) at Mar. 31, 2015	661,250

CONSOLIDATED_STATEMENTS_OF_CHA1

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical)	6 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY
Common stock released by ESOP (in shares)	-1,908	-7,632
Common stock committed to be released by ESOP (in shares)	-1,908	1,908

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Cash flows from operating activities:
Net income (loss)	$97	($73)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:
Amortization of securities, net	15	20
Provision (benefit) for loan losses	15	-21
Change in deferred loan costs, net	-2	-66
Loans originated for sale	-37,884	-19,502
Proceeds from sale of loans	33,472	18,670
Gain on sale of loans	-400	-102
Depreciation and amortization	88	87
Increase in accrued interest receivable	-21	-12
(Increase) decrease in mortgage servicing asset	-7	13
Decrease (increase) in other assets	93	-42
Compensation expense - restricted stock awards	39
Deferred tax expense	2	1
ESOP expense	50	118
Increase (decrease) in accrued expenses and other Liabilities	69	-270
Net cash used in operating activities	-4,374	-1,179
Cash flows from investing activities:
Purchases of interest-bearing time deposits in other banks	-1,485	-1,489
Proceeds from maturities of interest-bearing time deposits in other banks	1,489	1,413
Purchases of available-for-sale securities	-360	-7,183
Proceeds from maturities of available-for-sale securities	868	665
Loan originations and principal collections, net	-1,624	-6,368
Recoveries of loans previously charged off		2
Purchase of Federal Home Loan Bank stock	-204	-151
Capital expenditures	-73	-69
Net cash used in investing activities	-1,389	-13,180
Cash flows from financing activities:
Net increase in demand deposits, NOW and savings accounts	2,887	1,041
Net increase in time deposits	2,714	8,309
Net change in short-term advances from Federal Home Loan Bank	-286	2,935
Common stock acquired - repurchase plan	-243
Net cash provided by financing activities	5,072	12,285
Net decrease in cash and cash equivalents	-691	-2,074
Cash and cash equivalents at beginning of period	5,938	4,713
Cash and cash equivalents at end of period	5,247	2,639
Supplemental disclosures:
Interest paid	388	271
Income taxes received	($7)	($30)

BASIS_OF_PRESENTATION

BASIS OF PRESENTATION	6 Months Ended
	Mar. 31, 2015
BASIS OF PRESENTATION
BASIS OF PRESENTATION
	NOTE 1 - BASIS OF PRESENTATION
	The consolidated condensed interim financial statements include the accounts of Meetinghouse Bancorp, Inc. (the “Company”) and its wholly-owned subsidiary, Meetinghouse Bank (the “Bank”), and the Bank’s wholly-owned subsidiaries, Meetinghouse Securities Corporation and 69 Richmond Street Realty Trust.  All significant intercompany accounts and transactions have been eliminated in the consolidation.
	The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial statements and the instructions for Form 10-Q and Rule 10-01 of Regulation S-X.  Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements.  In the opinion of management, the consolidated financial statements reflect all adjustments (consisting solely of normal recurring adjustments) that are necessary for a fair presentation.  The results shown for the interim periods ended March 31, 2015 and March 31, 2014 are not necessarily indicative of the results to be obtained for a full year.  These consolidated interim financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto for the year ended September 30, 2014 included in the Company’s Annual Report on Form 10-K filed by the Company with the Securities and Exchange Commission (“SEC”).
	In preparing the consolidated condensed interim financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosures of contingent assets and liabilities, as of the date of the statement of financial condition and reported amounts of revenues and expenses for the periods presented.  Actual results could differ from those estimates.  Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses and deferred income taxes.

NATURE_OF_OPERATIONS

NATURE OF OPERATIONS	6 Months Ended
	Mar. 31, 2015
NATURE OF OPERATIONS
NATURE OF OPERATIONS
	NOTE 2 - NATURE OF OPERATIONS
	The Company is the registered bank holding company for the Bank.  The Bank, a Massachusetts co-operative bank, is headquartered in Dorchester, Massachusetts.  The Bank is engaged principally in the business of attracting deposits from the general public and investing those deposits in residential and commercial real estate loans, construction loans, and in consumer and small business loans.

RECENT_ACCOUNTING_PRONOUNCEMEN

RECENT ACCOUNTING PRONOUNCEMENTS	6 Months Ended
	Mar. 31, 2015
RECENT ACCOUNTING PRONOUNCEMENTS
RECENT ACCOUNTING PRONOUNCEMENTS
	NOTE 3 - RECENT ACCOUNTING PRONOUNCEMENTS
	In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-09, “Revenue from Contracts with Customers (Topic 606).”  The objective of this ASU is to clarify principles for recognizing revenue and to develop a common revenue standard for GAAP and International Financial Reporting Standards.  The guidance in this ASU affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards.  The core principal of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services.  The amendments in this update are effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period.  Early application is not permitted.  The Company is currently reviewing this ASU to determine if it will have an impact on its consolidated financial statements.
	In February 2015, the FASB issued ASU 2015-02, “Consolidation (Topic 810): Amendments to the Consolidation Analysis.”  The amendments in this ASU affect reporting entities that are required to evaluate whether they should consolidate certain legal entities.  Specifically, the amendments: (1) Modify the evaluation of whether limited partnerships and similar legal entities are variable interest entities (“VIEs”) or voting interest entities; (2) Eliminate the presumption that a general partner should consolidate a limited partnership; (3) Affect the consolidation analysis of reporting entities that are involved with VIEs, particularly those that have fee arrangements and related party relationships; and (4) Provide a scope exception from consolidation guidance for reporting entities with interests in legal entities that are required to comply with or operate in accordance with requirements that are similar to those in Rule 2a-7 of the Investment Company Act of 1940 for registered money market funds.  ASU 2015-02 is effective for interim and annual reporting periods beginning after December 15, 2015.  The Company anticipates that the adoption of this ASU will not have a material impact on its consolidated financial statements.
	In April 2015, the FASB issued ASU 2015-03, “Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs.”  The amendments in this ASU require that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts.  The recognition and measurement guidance for debt issuance costs are not affected by the amendments in this ASU.  The standard is effective for interim and annual reporting periods beginning after December 15, 2015, with early adoption permitted.  The guidance should be applied on a retrospective basis.  The Company anticipates that the adoption of this ASU will not have a material impact on its consolidated financial statements.
	In April 2015, the FASB issued ASU 2015-05, “Intangibles — Goodwill and Other - Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement.”  This ASU provides guidance to customers about whether a cloud computing arrangement includes a software license.  If a cloud computing arrangement includes a software license, the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses.  If a cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract.  The new guidance does not change the accounting for a customer’s accounting for service contracts.  ASU 2015-05 is effective for interim and annual reporting periods beginning after December 15, 2015. The Company anticipates that the adoption of this ASU will not have a material impact on its consolidated financial statements.

EARNINGS_LOSS_PER_SHARE

EARNINGS (LOSS) PER SHARE	6 Months Ended
	Mar. 31, 2015
EARNINGS (LOSS) PER SHARE
EARNINGS (LOSS) PER SHARE
	NOTE 4 - EARNINGS (LOSS) PER SHARE
	Basic earnings (loss) per share (“EPS”) excludes dilution and is calculated by dividing net income (loss) applicable to common stock by the weighted-average number of shares of common stock outstanding during the period. Diluted EPS is computed in a manner similar to that of basic EPS except that the weighted-average number of common shares outstanding is increased to include the number of incremental common shares that would have been outstanding if all potentially dilutive common stock equivalents were issued during the period. Unallocated common shares held by the Company’s Employee Stock Ownership Plan (the “ESOP”) are shown as a reduction in stockholders’ equity and are included in the weighted-average number of common shares outstanding for both basic and diluted EPS calculations as they are committed to be released. Unvested restricted stock awards are shown as a reduction in stockholders’ equity and are included in the weighted-average number of common shares outstanding for both basic and diluted EPS calculations as the shares become vested.
	EPS for the three and six months ended March 31, 2015 and 2014 have been computed as follows (in thousands, except share data):
		Three months ended March 31,
		2015			2014
		(unaudited)
	Net income (loss) applicable to common stock	$	72		$	(5	)
	Average number of shares issued	661,250			661,250
	Average unallocated ESOP shares	(30,510		)	(38,142		)
	Average unvested restricted stock awards	(18,519		)	—
	Average number of common shares outstanding used to calculate basic earnings (loss) per share	612,221			623,108
	Effect of dilutive shares	—			—
	Average number of common shares outstanding used to calculate diluted earnings (loss) per share	612,221			623,108
	Basic earnings (loss) per share	$	0.12		$	(0.01	)
	Diluted earnings (loss) per share	$	0.12		$	(0.01	)
		Six months ended March 31,
		2015			2014
		(unaudited)
	Net income (loss) applicable to common stock	$	97		$	(73	)
	Average number of shares issued	662,605			661,250
	Average unallocated ESOP shares	(31,475		)	(41,989		)
	Average unvested restricted stock awards	(18,519		)	—
	Average number of common shares outstanding used to calculate basic earnings (loss) per share	612,611			619,261
	Effect of dilutive shares	—			—
	Average number of common shares outstanding used to calculate diluted earnings (loss) per share	612,611			619,261
	Basic earnings (loss) per share	$	0.16		$	(0.12	)
	Diluted earnings (loss) per share	$	0.16		$	(0.12	)

INVESTMENTS_IN_AVAILABLEFORSAL

INVESTMENTS IN AVAILABLE-FOR-SALE SECURITIES	6 Months Ended
	Mar. 31, 2015
INVESTMENTS IN AVAILABLE-FOR-SALE SECURITIES
INVESTMENTS IN AVAILABLE-FOR-SALE SECURITIES
	NOTE 5 - INVESTMENTS IN AVAILABLE-FOR-SALE SECURITIES
	The amortized cost and estimated fair value of securities available-for-sale, with gross unrealized gains and losses, are as follows (in thousands):
		Amortized		Gross		Gross
		Cost		Unrealized		Unrealized		Fair
		Basis		Gains		Losses		Value
	March 31, 2015 (unaudited):
	U.S. Government and federal agency obligations	$	3,410	$	77	$	—	$	3,487
	Taxable municipal securities	299		10		—		309
	Asset-backed securities	882		29		—		911
	Mortgage-backed securities	11,414		325		11		11,728
		$	16,005	$	441	$	11	$	16,435
	September 30, 2014:
	U.S. Government and federal agency obligations	$	3,403	$	10	$	28	$	3,385
	Taxable municipal securities	301		—		2		299
	Asset-backed securities	911		5		—		916
	Mortgage-backed securities	11,913		158		33		12,038
		$	16,528	$	173	$	63	$	16,638
	The amortized cost and estimated fair value of available-for-sale securities, segregated by contractual maturity at March 31, 2015, are presented below (in thousands):
		Amortized		Fair
	(unaudited)	Cost Basis		Value
	Due within one year	$	—	$	—
	Due after one year through five years	750		750
	Due after five years through ten years	2,959		3,046
	Due after ten years	—		—
	Asset-backed securities	882		911
	Mortgage-backed securities	11,414		11,728
		$	16,005	$	16,435
	There were no sales of available-for-sale securities during the six months ended March 31, 2015 and 2014.
	Information pertaining to securities with gross unrealized losses at March 31, 2015, aggregated by investment category and length of time that individual securities have been in a continuous loss position, are as follows (in thousands):
		Less than 12 Months				12 Months or Longer				Total
		Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
		Value		Losses		Value		Losses		Value		Losses
	March 31, 2015 (unaudited):
	Mortgage-backed securities	$	200	$	1	$	644	$	10	$	844	$	11
	Total temporarily impaired securities	$	200	$	1	$	644	$	10	$	844	$	11
	September 30, 2014
	U.S. Government and federal agency obligations	$	1,445	$	22	$	744	$	6	$	2,189	$	28
	Taxable municipal securities	299		2		—		—		299		2
	Mortgage-backed securities	3,254		20		734		13		3,988		33
	Total temporarily impaired securities	$	4,998	$	44	$	1,478	$	19	$	6,476	$	63
	Management conducts, at least on a quarterly basis, a review of the Company’s investment securities to determine if the value of any security has declined below its cost or amortized cost and whether such decline represents other-than-temporary impairment.  The investments in the Company’s investment portfolio that are temporarily impaired as of March 31, 2015 consist of five mortgage-backed securities. The unrealized loss at March 31, 2015 is attributable to changes in market interest rates since the Company acquired the securities.  As management has the ability and the intent to hold debt securities until maturity, the declines are deemed to be not other-than-temporary.

LOANS

LOANS	6 Months Ended
	Mar. 31, 2015
LOANS
LOANS
	NOTE 6 - LOANS
	Loans consist of the following:
		March 31,					September 30,
		2015					2014
		(unaudited)
		(Dollars in thousands)
	Real estate loans:
	Residential	$	49,781		63.34	%	$	48,654		63.21	%
	Commercial	12,119			15.43		12,473			16.2
	Construction	2,864			3.64		1,736			2.26
	Multi-family	2,800			3.56		2,837			3.69
	Total real estate	67,564			85.97		65,700			85.36
	Commercial	2,795			3.56		2,940			3.82
	Consumer loans:
	Home equity	6,871			8.74		6,989			9.08
	Other	1,362			1.73		1,339			1.74
	Total consumer	8,233			10.47		8,328			10.82
					100	%				100	%
	Total loans	78,592					76,968
	Allowance for loan losses	(521		)			(506		)
	Deferred loan costs, net	555					553
	Net loans	$	78,626				$	77,015
	The following table sets forth information regarding the allowance for loan losses by portfolio segment as of and for the six months ended March 31, 2015 (unaudited):
		Real Estate															Consumer
		1-4 Family			1-4 Family
		Owner			Non-Owner
	(In thousands)	Occupied			Occupied			Commercial			Construction		Multi-family		Commercial		Home Equity			Other		Total
	Allowance for loan losses:
	Beginning balance	$	165		$	101		$	86		$	17	$	28	$	25	$	41		$	43	$	506
	Charge-offs	—			—			—			—		—		—		—			—		—
	Recoveries	—			—			—			—		—		—		—			—		—
	Provision (benefit)	6			—			(1		)	12		—		—		(2		)	—		15
	Ending balance	$	171		$	101		$	85		$	29	$	28	$	25	$	39		$	43	$	521
	Allowance for loan losses:
	Ending balance:
	Individually evaluated for impairment	$	—		$	—		$	—		$	—	$	—	$	—	$	—		$	—	$	—
	Ending balance:
	Collectively evaluated for impairment	171			101			85			29		28		25		39			43		521
	Total allowance for loan losses ending balance	$	171		$	101		$	85		$	29	$	28	$	25	$	39		$	43	$	521
	Loans:
	Ending balance:
	Individually evaluated for impairment	$	—		$	—		$	—		$	—	$	—	$	—	$	—		$	—	$	—
	Ending balance:
	Collectively evaluated for impairment	34,191			15,590			12,119			2,864		2,800		2,795		6,871			1,362		78,592
	Total loans ending balance	$	34,191		$	15,590		$	12,119		$	2,864	$	2,800	$	2,795	$	6,871		$	1,362	$	78,592
	The following table sets forth information regarding the allowance for loan losses by portfolio segment as of and for the six months ended March 31, 2014 (unaudited):
		Real Estate															Consumer
		1-4 Family			1-4 Family
		Owner			Non-Owner
	(In thousands)	Occupied			Occupied			Commercial			Construction		Multi-family		Commercial		Home Equity			Other		Total
	Allowance for loan losses:
	Beginning balance	$	178		$	75		$	81		$	8	$	17	$	16	$	31		$	29	$	435
	Charge-offs	—			—			—			—		—		—		—			—		—
	Recoveries	—			—			—			—		—		—		—			2		2
	(Benefit) provision	(34		)	4			(13		)	1		12		5		3			1		(21		)
	Ending balance	$	144		$	79		$	68		$	9	$	29	$	21	$	34		$	32	$	416
	The following table sets forth information regarding the allowance for loan losses by portfolio segment as of September 30, 2014:
		Real Estate															Consumer
		1-4 Family			1-4 Family
		Owner			Non-Owner
	(In thousands)	Occupied			Occupied			Commercial			Construction		Multi-family		Commercial		Home Equity			Other		Total
	Allowance for loan losses:
	Ending balance:
Individually evaluated for impairment	$	—		$	—		$	—		$	—	$	—	$	—	$	—		$	—	$	—
Ending balance:
Collectively evaluated for impairment	165			101			86			17		28		25		41			43		506
Total allowance for loan losses ending balance	$	165		$	101		$	86		$	17	$	28	$	25	$	41		$	43	$	506
Loans:
Ending balance:
Individually evaluated for impairment	$	—		$	—		$	—		$	—	$	—	$	—	$	—		$	—	$	—
Ending balance:
Collectively evaluated for impairment	33,179			15,475			12,473			1,736		2,837		2,940		6,989			1,339		76,968
Total loans ending balance	$	33,179		$	15,475		$	12,473		$	1,736	$	2,837	$	2,940	$	6,989		$	1,339	$	76,968
The following table sets forth information regarding nonaccrual loans and past-due loans as of March 31, 2015 (unaudited):
							90 Days									90 Days or
	30-59 Days			60-89 Days			or More			Total		Total		Total		More Past Due
(In thousands)	Past Due			Past Due			Past Due			Past Due		Current		Loans		and Accruing			Nonaccrual
March 31, 2015:
Real estate:
Residential	$	381		$	—		$	188		$	569	$	49,212	$	49,781	$	—		$	336
Commercial	—			—			—			—		12,119		12,119		—			—
Construction	—			—			—			—		2,864		2,864		—			—
Multi-family	—			—			—			—		2,800		2,800		—			—
Commercial	—			—			—			—		2,795		2,795		—			—
Home equity	390			—			—			390		6,481		6,871		—			19
Other consumer	7			—			—			7		1,355		1,362		—			—
Total	$	778		$	—		$	188		$	966	$	77,626	$	78,592	$	—		$	355
The following table sets forth information regarding nonaccrual loans and past-due loans as of September 30, 2014:
							90 Days									90 Days or
	30-59 Days			60-89 Days			or More			Total		Total		Total		More Past Due
(In thousands)	Past Due			Past Due			Past Due			Past Due		Current		Loans		and Accruing			Nonaccrual
September 30, 2014:
Real estate:
Residential	$	386		$	34		$	—		$	420	$	48,234	$	48,654	$	—		$	—
Commercial	—			—			—			—		12,473		12,473		—			—
Construction	—			—			—			—		1,736		1,736		—			—
Multi-family	—			191			—			191		2,646		2,837		—			—
Commercial	—			—			—			—		2,940		2,940		—			—
Home equity	216			—			—			216		6,773		6,989		—			20
Other consumer	—			8			—			8		1,331		1,339		—			—
Total	$	602		$	233		$	—		$	835	$	76,133	$	76,968	$	—		$	20
As of March 31, 2015 (unaudited) and September 30, 2014, and during the six months and year then ended, respectively, the Company had no loans categorized as impaired.
There were no loans modified during the six months ended March 31, 2015 (unaudited) or during the year ended September 30, 2014 that met the definition of a troubled debt restructured loan as described in ASC 310-40.
Credit Quality Information
The Company utilizes an eight grade internal loan rating system for commercial real estate, construction and commercial loans as follows:
Loans rated 1 - 4:  Loans in these categories are considered “pass” rated loans and conform in all respects to Company and regulatory requirements.  These are also loans for which no repayment risk has been identified.  Credit or collateral exceptions are minimal, are in the process of correction or do not represent significant risk.
Loans rated 5:  Loans in this category are considered “special mention” and are fundamentally sound, but exhibit potentially unwarranted credit risk or other unsatisfactory characteristics.  The likelihood of loss to the Company is remote.
Loans rated 6:  Loans in this category are considered “substandard” and are inadequately protected by current sound net worth, paying capacity of the obligor, or the value of pledged collateral. Loans in this category also include those loans with unsatisfactory characteristics indicating higher levels of risk.  The combination of one or more of these characteristics increases the possibility of loss to the Company.
Loans rated 7:  Loans in this category are considered “doubtful.”  Loans in this category exhibit weaknesses inherent in the substandard classification and, in addition, collection or liquidation in full is highly questionable.
Loans rated 8:  Loans in this category are considered uncollectible (“loss”) and of such little value that their continuance as an asset is not warranted.
On an annual basis, or more often if needed, the Company formally reviews the ratings on all commercial real estate, construction and commercial loans.  For all residential real estate and consumer loans, the Company initially assesses credit quality based upon the borrower’s ability to service the debt and subsequently monitors these loans based upon the borrower’s payment activity.
The following table presents the Company’s loans by risk rating as of March 31, 2015 (unaudited):
	Real Estate													Consumer
(In thousands)	Residential			Commercial			Construction			Multi-family		Commercial		Home Equity		Other			Total
March 31, 2015:
Grade:
Pass	$	—		$	12,119		$	2,864		$	2,800	$	2,329	$	—	$	—		$	20,112
Special mention	218			—			—			—		466		24		—			708
Substandard	—			—			—			—		—		19		—			19
Not formally rated	49,563			—			—			—		—		6,828		1,362			57,753
Total	$	49,781		$	12,119		$	2,864		$	2,800	$	2,795	$	6,871	$	1,362		$	78,592
The following table presents the Company’s loans by risk rating as of September 30, 2014:
	Real Estate													Consumer
(In thousands)	Residential			Commercial			Construction			Multi-family		Commercial		Home Equity		Other			Total
September 30, 2014:
Grade:
Pass	$	—		$	12,473		$	1,736		$	2,837	$	2,761	$	—	$	—		$	19,807
Special mention	225			—			—			—		179		28		—			432
Substandard	—			—			—			—		—		20		—			20
Not formally rated	48,429			—			—			—		—		6,941		1,339			56,709
Total	$	48,654		$	12,473		$	1,736		$	2,837	$	2,940	$	6,989	$	1,339		$	76,968

FAIR_VALUE_MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
	Mar. 31, 2015
FAIR VALUE MEASUREMENTS
FAIR VALUE MEASUREMENTS
	NOTE 7 - FAIR VALUE MEASUREMENTS
	ASC 820-10, “Fair Value Measurement — Overall,” provides a framework for measuring fair value under generally accepted accounting principles.  This guidance also allows an entity the irrevocable option to elect fair value for the initial and subsequent measurement for certain financial assets and liabilities on a contract-by-contract basis.
	In accordance with ASC 820-10, the Company groups its financial assets and financial liabilities measured at fair value in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value.
	Level 1 - Valuations for assets and liabilities traded in active exchange markets, such as the New York Stock Exchange.  Level 1 also includes U.S. Treasury, other U.S. Government and agency mortgage-backed securities that are traded by dealers or brokers in active markets.  Valuations are obtained from readily available pricing sources for market transactions involving identical assets or liabilities.
	Level 2 - Valuations for assets and liabilities traded in less active dealer or broker markets.  Valuations are obtained from third party pricing services for identical or comparable assets or liabilities.
	Level 3 - Valuations for assets and liabilities that are derived from other methodologies, including option pricing models, discounted cash flow models and similar techniques, are not based on market exchange, dealer, or broker traded transactions.  Level 3 valuations incorporate certain assumptions and projections in determining the fair value assigned to such assets and liabilities.
	A financial instrument’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement.
	A description of the valuation methodologies used for instruments measured at fair value, as well as the general classification of such instruments pursuant to the valuation hierarchy, is set forth below.  These valuation methodologies were applied to all of the Company’s financial assets and financial liabilities carried at fair value at March 31, 2015 (unaudited) and September 30, 2014.  The Company did not have any significant transfers of assets between Levels 1 and 2 of the fair value hierarchy during the six months ended March 31, 2015 (unaudited) and the year ended September 30, 2014.
	Cash and cash equivalents — The carrying amounts reported in the consolidated balance sheets for cash and cash equivalents approximates those assets’ fair values.
	Interest-bearing time deposits with other banks — The fair value of interest-bearing time deposits in other banks is determined by discounting the cash flows associated with these instruments using current market rates for deposits with similar characteristics.
	Securities available-for-sale - The Company’s investment in mortgage-backed securities and other debt securities available-for-sale is generally classified within Level 2 of the fair value hierarchy.  For these securities, we obtain fair value measurements from independent pricing services.  The fair value measurements consider observable data that may include dealer quotes, market spreads, cash flows, the U.S. treasury yield curve, trading levels, market consensus prepayment speeds, credit information and the instrument’s terms and conditions.
	Federal Home Loan Bank stock — The carrying amount of Federal Home Loan Bank (“FHLB”) of Boston stock approximates fair value based upon the redemption provisions of the FHLB of Boston.
	Loans held-for-sale — Loans originated and held-for-sale are carried at the lower of aggregate cost or market value.  No fair value adjustments were recorded on loans held-for-sale during the six months ended March 31, 2015 and 2014 (unaudited).
	Loans — Fair values for loans are estimated using discounted cash flow analyses, using market interest rates currently being offered for loans with similar terms to borrowers of similar credit quality.  Fair values for non-performing loans are estimated using discounted cash flow analyses or underlying collateral values, where applicable.
	Accrued interest receivable — Carrying value approximates fair value.
	Deposits — The fair values disclosed for demand deposits, regular savings, NOW accounts and money market accounts are equal to the amount payable on demand at the reporting date (i.e., their carrying amounts).  Fair values for certificates of deposit are estimated using a discounted cash flow calculation that applies interest rates currently being offered on certificates to a schedule of aggregated expected monthly maturities on time deposits.
	Federal Home Loan Bank advances — Fair values for Federal Home Loan Bank advances are estimated using a discounted cash flow technique that applies interest rates currently being offered on advances to a schedule of aggregated expected monthly maturities on Federal Home Loan Bank advances.
	Level 3 is for positions that are not traded in active markets or are subject to transfer restrictions, valuations are adjusted to reflect illiquidity and/or non-transferability, and such adjustments are generally based on available market evidence.  In the absence of such evidence, management’s best estimate is used.  Subsequent to inception, management only changes Level 3 inputs and assumptions when corroborated by evidence such as transactions in similar instruments, completed or pending third-party transactions in the underlying investment or comparable entities, subsequent rounds of financing, recapitalization and other transactions across the capital structure, offerings in the equity or debt markets, and changes in financial ratios or cash flows.
	The following summarizes assets measured at fair value on a recurring basis at March 31, 2015 (unaudited) and September 30, 2014:
	(In thousands)	Total		Quoted Prices in		Significant		Significant
				Active Markets for		Other Observable		Unobservable
				Identical Assets		Inputs		Inputs
				Level 1		Level 2		Level 3
	March 31, 2015:
	Securities available-for-sale:
	U.S. Government and federal agency obligations	$	3,487	$	—	$	3,487	$	—
	Taxable municipal securities	309		—		309		—
	Asset-backed securities	911		—		911		—
	Mortgage-backed securities	11,728		—		11,728		—
		$	16,435	$	—	$	16,435	$	—
	September 30, 2014:
	Securities available-for-sale:
	U.S. Government and federal agency obligations	$	3,385	$	—	$	3,385	$	—
	Taxable municipal securities	299		—		299		—
	Asset-backed securities	916		—		916		—
	Mortgage-backed securities	12,038		—		12,038		—
		$	16,638	$	—	$	16,638	$	—
	The estimated fair values of the Company’s financial instruments, all of which are held or issued for purposes other than trading, are as follows:
		March 31, 2015 (unaudited)
		Carrying		Fair Value
		Amount		Level 1		Level 2		Level 3		Total
		(In Thousands)
	Financial assets:
	Cash and cash equivalents	$	5,247	$	5,247	$	—	$	—	$	5,247
	Interest-bearing time deposits with other banks	1,981		—		—		1,998		1,998
	Available-for-sale securities	16,435		—		16,435		—		16,435
	Federal Home Loan Bank stock	958		958		—		—		958
	Loans held-for-sale	7,539		7,675		—		—		7,675
	Loans, net	78,626		—		—		80,583		80,583
	Accrued interest receivable	294		294		—		—		294
	Financial liabilities:
	Deposits	93,084		—		—		93,400		93,400
	Federal Home Loan Bank advances	10,667		—		—		10,669		10,669
		September 30, 2014
		Carrying		Fair Value
		Amount		Level 1		Level 2		Level 3		Total
		(In Thousands)
	Financial assets:
	Cash and cash equivalents	$	5,938	$	5,938	$	—	$	—	$	5,938
	Interest-bearing time deposits with other banks	1,985		—		—		1,986		1,986
	Available-for-sale securities	16,638		—		16,638		—		16,638
	Federal Home Loan Bank stock	754		754		—		—		754
	Loans held-for-sale	2,727		2,753		—		—		2,753
Loans, net	77,015		—		—		77,749		77,749
Accrued interest receivable	273		273		—		—		273
Financial liabilities:
Deposits	87,483		—		—		87,769		87,769
Federal Home Loan Bank advances	10,953		—		—		10,933		10,933
The Company may be required, from time to time, to measure certain other assets at fair value on a non-recurring basis in accordance with GAAP.  There were no Level 1, Level 2 or Level 3 nonrecurring fair value measurements at March 31, 2015 (unaudited) and September 30, 2014.

REGULATORY_CAPITAL

REGULATORY CAPITAL	6 Months Ended
	Mar. 31, 2015
REGULATORY CAPITAL
REGULATORY CAPITAL
	NOTE 8 - REGULATORY CAPITAL
	The Bank is subject to various regulatory capital requirements administered by the federal banking agencies.  Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Bank’s financial statements.  Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of the Bank’s assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices.  The Bank’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors.
	Effective January 1, 2015 (with a phase-in period of two to four years for certain components), the Bank became subject to new capital regulations adopted by the Board of Governors of the Federal Reserve System (“FRB”) and the FDIC, which implement the Basel III regulatory capital reforms and the changes required by the Dodd-Frank Act.  The new regulations require a new common equity Tier 1 (“CETI”) capital ratio of 4.5%, increase the minimum Tier 1 capital to risk-weighted assets ratio to 6.0% from 4.0%, require a minimum total capital to risk-weighted assets ratio of 8.0% and require a minimum Tier 1 leverage ratio of 4.0%.  CETI generally consists of common stock and retained earnings, subject to applicable adjustments and deductions.  Under new prompt corrective action regulations, in order to be considered “well capitalized,” the Bank must maintain a CETI capital ratio of 6.5% (new) and a Tier 1 ratio of 8.0% (increased from 6.0%), a total risk based capital ratio of 10.0% (unchanged) and a Tier 1 leverage ratio of 5.0% (unchanged).   In addition, the regulations establish a capital conservation buffer above the required capital ratios that phases in beginning January 1, 2016 at 0.625% of risk-weighted assets and increases each year by 0.625% until it is fully phased in at 2.5% effective January 1, 2019.  Beginning January 1, 2016, failure to maintain the capital conservation buffer will limit the ability of the Bank and the Company to pay dividends, repurchase shares or pay discretionary bonuses.
	The new regulations implemented changes to what constitutes regulatory capital.  Certain instruments will no longer constitute qualifying capital, subject to phase-out periods.  In addition, Tier 2 capital is no longer limited to the amount of Tier 1 capital included in total capital.  Mortgage servicing rights, certain deferred tax assets and investments in unconsolidated subsidiaries over designated percentages of CETI will be deducted from capital.  The Bank has elected to permanently opt out of the inclusion of accumulated other comprehensive income in capital calculations, as permitted by the regulations.  This opt-out will reduce the impact of market volatility on our regulatory capital ratios.
	The new regulations also changed the risk weights of certain assets, including an increase in the risk weight of certain high volatility commercial real estate acquisition, development and construction loans and non-residential mortgage loans that are 90 days past due or on non-accrual status to 150% from 100%, a credit conversion factor for the unused portion of commitments with maturities of less than one year that are not cancellable to 20% from 0%, an increase in the risk weight for mortgage servicing and deferred tax assets that are not deducted from capital to 250% from 100%, and an increase in the risk weight for equity exposures to 600% from 0%.
	As of March 31, 2015 (unaudited), the most recent notification from the FDIC categorized the Bank as well capitalized under the regulatory framework for prompt corrective action.    There are no conditions or events since that notification that management believes have changed the institution’s category.
	The Bank’s actual capital amounts and ratios are also presented in the table below.
										To Be Well
						Minimum				Capitalized Under
						For Capital				Prompt Corrective
		Actual				Adequacy Purposes				Action Provisions
	(Dollars in thousands)	Amount		Ratio		Amount		Ratio		Amount		Ratio
	As of March 31, 2015 (unaudited):
	Total Capital (to risk weighted assets)	$	9,434	14.6	%	$	5,186	8.0	%	$	6,482	10.0	%
	Common Equity Tier 1 Capital	8,913		13.8		2,917		4.5		4,213		6.5
	Tier 1 Capital (to risk weighted assets)	8,913		13.8		3,889		6.0		5,186		8.0
	Tier 1 Capital (to average assets)	8,913		7.9		4,539		4.0		5,673		5.0
	As of September 30, 2014:
	Total Capital (to risk weighted assets)	$	8,172	13.3	%	$	4,901	8.0	%	$	6,126	10.0	%
	Tier 1 Capital (to risk weighted assets)	7,667		12.5		2,451		4.0		3,676		6.0
	Tier 1 Capital (to average assets)	7,667		8.1		3,787		4.0		4,733		5.0

OTHER_COMPREHENSIVE_INCOME_LOS

OTHER COMPREHENSIVE INCOME (LOSS)	6 Months Ended
	Mar. 31, 2015
OTHER COMPREHENSIVE INCOME (LOSS)
OTHER COMPREHENSIVE INCOME (LOSS)
	NOTE 9 - OTHER COMPREHENSIVE INCOME (LOSS)
	GAAP generally requires that recognized revenue, expenses, gains and losses be included in net income.  Although certain changes in assets and liabilities are reported as a separate component of the stockholders’ equity section of the consolidated balance sheets, such items, along with net income (loss), are components of comprehensive income (loss).
	The components of other comprehensive income (loss), included in stockholders’ equity, are as follows during the three and six months ended March 31, 2015 and 2014 (unaudited):
		Three months ended March 31,
		2015			2014
		(In Thousands)
	Unrealized gains (losses) on securities:
	Net unrealized holding gain on available-for-sale securities	$	144		$	20
	Reclassification adjustment for realized (gains) losses in net income	—			—
		144			20
	Income tax expense	(54		)	(6		)
	Other comprehensive income, net of tax	$	90		$	14
		Six months ended March 31,
		2015			2014
		(In Thousands)
	Unrealized gains (losses) on securities:
	Net unrealized holding gain (loss) on available-for-sale securities	$	320		$	(43	)
	Reclassification adjustment for realized (gains) losses in net income	—			—
		320			(43		)
	Income tax (expense) benefit	(121		)	17
	Other comprehensive income (loss), net of tax	$	199		$	(26	)
	At March 31, 2015 (unaudited) and September 30, 2014, the components of accumulated other comprehensive income, included in stockholders’ equity, are as follows:
		March 31,			September 30,
		2015			2014
		(In Thousands)
	Net unrealized gain on securities available-for-sale	$	266		$	67
	Total accumulated other comprehensive income	$	266		$	67

EMPLOYEE_STOCK_OWNERSHIP_PLAN_

EMPLOYEE STOCK OWNERSHIP PLAN ("ESOP")	6 Months Ended
	Mar. 31, 2015
EMPLOYEE STOCK OWNERSHIP PLAN ("ESOP")
EMPLOYEE STOCK OWNERSHIP PLAN ("ESOP")
	NOTE 10 - EMPLOYEE STOCK OWNERSHIP PLAN (“ESOP”)
	The Bank has adopted a tax-qualified ESOP for the benefit of eligible employees.  Effective November 19, 2012, the Bank converted from a Massachusetts-chartered mutual co-operative bank to a Massachusetts-chartered stock co-operative bank and become the wholly-owned subsidiary of the Company.  The Company completed its initial public offering in connection with the conversion transaction by selling a total of 661,250 shares of common stock at a purchase price of $10.00 per share in a subscription offering, of which 27,700 shares were purchased by the Bank’s ESOP.  The ESOP acquired an additional 18,587 shares in the open market subsequent to the conversion.
	The ESOP funded its stock purchase through a loan from the Company equal to 100% of the aggregate purchase price of the common stock. The ESOP trustee will repay the loan principally through the Bank’s contributions to the ESOP and, possibly, dividends paid on common stock held by the plan over a 6-year loan term.
	The trustee holds the shares purchased in a loan suspense account and will release the shares from the suspense account on a pro rata basis as it repays the loan. The trustee will allocate the shares released among active participants on the basis of each active participant’s proportional share of compensation for the plan year. Generally, participants will receive distributions from the ESOP upon separation from service. The trustee will reallocate any unvested shares of common stock forfeited by participants upon their separation from service among the remaining participants in the plan.
	Under applicable accounting requirements, the Company will record a compensation expense for the ESOP at the fair market value of the shares when they are committed to be released from the suspense account to participants’ accounts under the plan.
	At March 31, 2015 (unaudited), the remaining principal balance on the ESOP debt is $332,000 and the number of shares held by the ESOP is 46,287.
	Total compensation expense recognized in connection with the ESOP was $25,000 and $23,000 for the three months ended March 31, 2015 and 2014, respectively (unaudited), and $50,000 and $46,000 for the six months ended March 31, 2015 and 2014, respectively (unaudited).

EARNINGS_LOSS_PER_SHARE_Tables

EARNINGS (LOSS) PER SHARE (Tables)	6 Months Ended
	Mar. 31, 2015
EARNINGS (LOSS) PER SHARE
Schedule of basic and diluted earnings per share calculation
	EPS for the three and six months ended March 31, 2015 and 2014 have been computed as follows (in thousands, except share data):
		Three months ended March 31,
		2015			2014
		(unaudited)
	Net income (loss) applicable to common stock	$	72		$	(5	)
	Average number of shares issued	661,250			661,250
	Average unallocated ESOP shares	(30,510		)	(38,142		)
	Average unvested restricted stock awards	(18,519		)	—
	Average number of common shares outstanding used to calculate basic earnings (loss) per share	612,221			623,108
	Effect of dilutive shares	—			—
	Average number of common shares outstanding used to calculate diluted earnings (loss) per share	612,221			623,108
	Basic earnings (loss) per share	$	0.12		$	(0.01	)
	Diluted earnings (loss) per share	$	0.12		$	(0.01	)
		Six months ended March 31,
		2015			2014
		(unaudited)
	Net income (loss) applicable to common stock	$	97		$	(73	)
	Average number of shares issued	662,605			661,250
	Average unallocated ESOP shares	(31,475		)	(41,989		)
	Average unvested restricted stock awards	(18,519		)	—
	Average number of common shares outstanding used to calculate basic earnings (loss) per share	612,611			619,261
	Effect of dilutive shares	—			—
	Average number of common shares outstanding used to calculate diluted earnings (loss) per share	612,611			619,261
	Basic earnings (loss) per share	$	0.16		$	(0.12	)
	Diluted earnings (loss) per share	$	0.16		$	(0.12	)

INVESTMENTS_IN_AVAILABLEFORSAL1

INVESTMENTS IN AVAILABLE-FOR-SALE SECURITIES (Tables)	6 Months Ended
	Mar. 31, 2015
INVESTMENTS IN AVAILABLE-FOR-SALE SECURITIES
Schedule of amortized cost and approximate fair values of debt securities available-for-sale, with gross unrealized gains and losses
	The amortized cost and estimated fair value of securities available-for-sale, with gross unrealized gains and losses, are as follows (in thousands):
		Amortized		Gross		Gross
		Cost		Unrealized		Unrealized		Fair
		Basis		Gains		Losses		Value
	March 31, 2015 (unaudited):
	U.S. Government and federal agency obligations	$	3,410	$	77	$	—	$	3,487
	Taxable municipal securities	299		10		—		309
	Asset-backed securities	882		29		—		911
	Mortgage-backed securities	11,414		325		11		11,728
		$	16,005	$	441	$	11	$	16,435
	September 30, 2014:
	U.S. Government and federal agency obligations	$	3,403	$	10	$	28	$	3,385
	Taxable municipal securities	301		—		2		299
	Asset-backed securities	911		5		—		916
	Mortgage-backed securities	11,913		158		33		12,038
		$	16,528	$	173	$	63	$	16,638
Schedule of fair value of debt available-for-sale securities by contractual maturity
	The amortized cost and estimated fair value of available-for-sale securities, segregated by contractual maturity at March 31, 2015, are presented below (in thousands):
		Amortized		Fair
	(unaudited)	Cost Basis		Value
	Due within one year	$	—	$	—
	Due after one year through five years	750		750
	Due after five years through ten years	2,959		3,046
	Due after ten years	—		—
	Asset-backed securities	882		911
	Mortgage-backed securities	11,414		11,728
		$	16,005	$	16,435
Schedule of information pertaining to securities with gross unrealized losses, aggregated by investment category and length of time that individual securities have been in a continuous loss position
	Information pertaining to securities with gross unrealized losses at March 31, 2015, aggregated by investment category and length of time that individual securities have been in a continuous loss position, are as follows (in thousands):
		Less than 12 Months				12 Months or Longer				Total
		Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
		Value		Losses		Value		Losses		Value		Losses
	March 31, 2015 (unaudited):
	Mortgage-backed securities	$	200	$	1	$	644	$	10	$	844	$	11
	Total temporarily impaired securities	$	200	$	1	$	644	$	10	$	844	$	11
	September 30, 2014
	U.S. Government and federal agency obligations	$	1,445	$	22	$	744	$	6	$	2,189	$	28
	Taxable municipal securities	299		2		—		—		299		2
	Mortgage-backed securities	3,254		20		734		13		3,988		33
	Total temporarily impaired securities	$	4,998	$	44	$	1,478	$	19	$	6,476	$	63

LOANS_Tables

LOANS (Tables)	6 Months Ended
	Mar. 31, 2015
LOANS
Schedule of loans
		March 31,					September 30,
		2015					2014
		(unaudited)
		(Dollars in thousands)
	Real estate loans:
	Residential	$	49,781		63.34	%	$	48,654		63.21	%
	Commercial	12,119			15.43		12,473			16.2
	Construction	2,864			3.64		1,736			2.26
	Multi-family	2,800			3.56		2,837			3.69
	Total real estate	67,564			85.97		65,700			85.36
	Commercial	2,795			3.56		2,940			3.82
	Consumer loans:
	Home equity	6,871			8.74		6,989			9.08
	Other	1,362			1.73		1,339			1.74
	Total consumer	8,233			10.47		8,328			10.82
					100	%				100	%
	Total loans	78,592					76,968
	Allowance for loan losses	(521		)			(506		)
	Deferred loan costs, net	555					553
	Net loans	$	78,626				$	77,015
Schedule of allowance for loan losses by portfolio segment
	The following table sets forth information regarding the allowance for loan losses by portfolio segment as of and for the six months ended March 31, 2015 (unaudited):
		Real Estate																	Consumer
		1-4 Family			1-4 Family
		Owner			Non-Owner
	(In thousands)	Occupied			Occupied			Commercial			Construction		Multi-family			Commercial			Home Equity			Other			Total
	Allowance for loan losses:
	Beginning balance	$	165		$	101		$	86		$	17	$	28		$	25		$	41		$	43		$	506
	Charge-offs	—			—			—			—		—			—			—			—			—
	Recoveries	—			—			—			—		—			—			—			—			—
	Provision (benefit)	6			—			(1		)	12		—			—			(2		)	—			15
	Ending balance	$	171		$	101		$	85		$	29	$	28		$	25		$	39		$	43		$	521
	Allowance for loan losses:
	Ending balance:
	Individually evaluated for impairment	$	—		$	—		$	—		$	—	$	—		$	—		$	—		$	—		$	—
	Ending balance:
	Collectively evaluated for impairment	171			101			85			29		28			25			39			43			521
	Total allowance for loan losses ending balance	$	171		$	101		$	85		$	29	$	28		$	25		$	39		$	43		$	521
	Loans:
	Ending balance:
	Individually evaluated for impairment	$	—		$	—		$	—		$	—	$	—		$	—		$	—		$	—		$	—
	Ending balance:
	Collectively evaluated for impairment	34,191			15,590			12,119			2,864		2,800			2,795			6,871			1,362			78,592
	Total loans ending balance	$	34,191		$	15,590		$	12,119		$	2,864	$	2,800		$	2,795		$	6,871		$	1,362		$	78,592
	The following table sets forth information regarding the allowance for loan losses by portfolio segment as of and for the six months ended March 31, 2014 (unaudited):
		Real Estate																	Consumer
		1-4 Family			1-4 Family
		Owner			Non-Owner
	(In thousands)	Occupied			Occupied			Commercial			Construction		Multi-family			Commercial			Home Equity			Other			Total
	Allowance for loan losses:
	Beginning balance	$	178		$	75		$	81		$	8	$	17		$	16		$	31		$	29		$	435
	Charge-offs	—			—			—			—		—			—			—			—			—
	Recoveries	—			—			—			—		—			—			—			2			2
	(Benefit) provision	(34		)	4			(13		)	1		12			5			3			1			(21		)
	Ending balance	$	144		$	79		$	68		$	9	$	29		$	21		$	34		$	32		$	416
	The following table sets forth information regarding the allowance for loan losses by portfolio segment as of September 30, 2014:
		Real Estate																	Consumer
		1-4 Family			1-4 Family
		Owner			Non-Owner
	(In thousands)	Occupied			Occupied			Commercial			Construction		Multi-family			Commercial			Home Equity			Other			Total
	Allowance for loan losses:
	Ending balance:
	Individually evaluated for impairment	$	—		$	—		$	—		$	—	$	—		$	—		$	—		$	—		$	—
	Ending balance:
	Collectively evaluated for impairment	165			101			86			17		28			25			41			43			506
	Total allowance for loan losses ending balance	$	165		$	101		$	86		$	17	$	28		$	25		$	41		$	43		$	506
	Loans:
	Ending balance:
	Individually evaluated for impairment	$	—		$	—		$	—		$	—	$	—		$	—		$	—		$	—		$	—
	Ending balance:
	Collectively evaluated for impairment	33,179			15,475			12,473			1,736		2,837			2,940			6,989			1,339			76,968
	Total loans ending balance	$	33,179		$	15,475		$	12,473		$	1,736	$	2,837		$	2,940		$	6,989		$	1,339		$	76,968
Schedule of information regarding nonaccrual loans and past-due loans
								90 Days											90 Days or
		30-59 Days			60-89 Days			or More			Total		Total			Total			More Past Due
	(In thousands)	Past Due			Past Due			Past Due			Past Due		Current			Loans			and Accruing			Nonaccrual
	March 31, 2015:
	Real estate:
	Residential	$	381		$	—		$	188		$	569	$	49,212		$	49,781		$	—		$	336
	Commercial	—			—			—			—		12,119			12,119			—			—
	Construction	—			—			—			—		2,864			2,864			—			—
	Multi-family	—			—			—			—		2,800			2,800			—			—
	Commercial	—			—			—			—		2,795			2,795			—			—
	Home equity	390			—			—			390		6,481			6,871			—			19
	Other consumer	7			—			—			7		1,355			1,362			—			—
	Total	$	778		$	—		$	188		$	966	$	77,626		$	78,592		$	—		$	355
								90 Days												90 Days or
		30-59 Days			60-89 Days			or More			Total			Total			Total			More Past Due
	(In thousands)	Past Due			Past Due			Past Due			Past Due			Current			Loans			and Accruing			Nonaccrual
	September 30, 2014:
	Real estate:
	Residential	$	386		$	34		$	—		$	420		$	48,234		$	48,654		$	—		$	—
	Commercial	—			—			—			—			12,473			12,473			—			—
	Construction	—			—			—			—			1,736			1,736			—			—
	Multi-family	—			191			—			191			2,646			2,837			—			—
	Commercial	—			—			—			—			2,940			2,940			—			—
	Home equity	216			—			—			216			6,773			6,989			—			20
	Other consumer	—			8			—			8			1,331			1,339			—			—
	Total	$	602		$	233		$	—		$	835		$	76,133		$	76,968		$	—		$	20
Schedule of loans by risk rating
		Real Estate														Consumer
	(In thousands)	Residential			Commercial			Construction			Multi-family		Commercial			Home Equity			Other			Total
	March 31, 2015:
	Grade:
	Pass	$	—		$	12,119		$	2,864		$	2,800	$	2,329		$	—		$	—		$	20,112
	Special mention	218			—			—			—		466			24			—			708
	Substandard	—			—			—			—		—			19			—			19
	Not formally rated	49,563			—			—			—		—			6,828			1,362			57,753
	Total	$	49,781		$	12,119		$	2,864		$	2,800	$	2,795		$	6,871		$	1,362		$	78,592
		Real Estate														Consumer
	(In thousands)	Residential			Commercial			Construction			Multi-family		Commercial			Home Equity			Other			Total
	September 30, 2014:
	Grade:
	Pass	$	—		$	12,473		$	1,736		$	2,837	$	2,761		$	—		$	—		$	19,807
	Special mention	225			—			—			—		179			28			—			432
	Substandard	—			—			—			—		—			20			—			20
	Not formally rated	48,429			—			—			—		—			6,941			1,339			56,709
	Total	$	48,654		$	12,473		$	1,736		$	2,837	$	2,940		$	6,989		$	1,339		$	76,968

FAIR_VALUE_MEASUREMENTS_Tables

FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
	Mar. 31, 2015
FAIR VALUE MEASUREMENTS
Summary of assets measured at fair value on a recurring basis	(In thousands)	Total		Quoted Prices in		Significant		Significant
				Active Markets for		Other Observable		Unobservable
				Identical Assets		Inputs		Inputs
				Level 1		Level 2		Level 3
	March 31, 2015:
	Securities available-for-sale:
	U.S. Government and federal agency obligations	$	3,487	$	—	$	3,487	$	—
	Taxable municipal securities	309		—		309		—
	Asset-backed securities	911		—		911		—
	Mortgage-backed securities	11,728		—		11,728		—
		$	16,435	$	—	$	16,435	$	—
	September 30, 2014:
	Securities available-for-sale:
	U.S. Government and federal agency obligations	$	3,385	$	—	$	3,385	$	—
	Taxable municipal securities	299		—		299		—
	Asset-backed securities	916		—		916		—
	Mortgage-backed securities	12,038		—		12,038		—
		$	16,638	$	—	$	16,638	$	—
Schedule of estimated fair values of financial instruments		March 31, 2015 (unaudited)
		Carrying		Fair Value
		Amount		Level 1		Level 2		Level 3		Total
		(In Thousands)
	Financial assets:
	Cash and cash equivalents	$	5,247	$	5,247	$	—	$	—	$	5,247
	Interest-bearing time deposits with other banks	1,981		—		—		1,998		1,998
	Available-for-sale securities	16,435		—		16,435		—		16,435
	Federal Home Loan Bank stock	958		958		—		—		958
	Loans held-for-sale	7,539		7,675		—		—		7,675
	Loans, net	78,626		—		—		80,583		80,583
	Accrued interest receivable	294		294		—		—		294
	Financial liabilities:
	Deposits	93,084		—		—		93,400		93,400
	Federal Home Loan Bank advances	10,667		—		—		10,669		10,669
		September 30, 2014
		Carrying		Fair Value
		Amount		Level 1		Level 2		Level 3		Total
		(In Thousands)
	Financial assets:
	Cash and cash equivalents	$	5,938	$	5,938	$	—	$	—	$	5,938
	Interest-bearing time deposits with other banks	1,985		—		—		1,986		1,986
	Available-for-sale securities	16,638		—		16,638		—		16,638
	Federal Home Loan Bank stock	754		754		—		—		754
	Loans held-for-sale	2,727		2,753		—		—		2,753
	Loans, net	77,015		—		—		77,749		77,749
	Accrued interest receivable	273		273		—		—		273
	Financial liabilities:
	Deposits	87,483		—		—		87,769		87,769
	Federal Home Loan Bank advances	10,953		—		—		10,933		10,933

REGULATORY_CAPITAL_Tables

REGULATORY CAPITAL (Tables)	6 Months Ended
	Mar. 31, 2015
REGULATORY CAPITAL
Schedule of actual capital amounts and ratios										To Be Well
						Minimum				Capitalized Under
						For Capital				Prompt Corrective
		Actual				Adequacy Purposes				Action Provisions
	(Dollars in thousands)	Amount		Ratio		Amount		Ratio		Amount		Ratio
	As of March 31, 2015 (unaudited):
	Total Capital (to risk weighted assets)	$	9,434	14.6	%	$	5,186	8.0	%	$	6,482	10.0	%
	Common Equity Tier 1 Capital	8,913		13.8		2,917		4.5		4,213		6.5
	Tier 1 Capital (to risk weighted assets)	8,913		13.8		3,889		6.0		5,186		8.0
	Tier 1 Capital (to average assets)	8,913		7.9		4,539		4.0		5,673		5.0
	As of September 30, 2014:
	Total Capital (to risk weighted assets)	$	8,172	13.3	%	$	4,901	8.0	%	$	6,126	10.0	%
	Tier 1 Capital (to risk weighted assets)	7,667		12.5		2,451		4.0		3,676		6.0
	Tier 1 Capital (to average assets)	7,667		8.1		3,787		4.0		4,733		5.0

OTHER_COMPREHENSIVE_INCOME_LOS1

OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	6 Months Ended
	Mar. 31, 2015
OTHER COMPREHENSIVE INCOME (LOSS)
Schedule of the components of other comprehensive income, included in stockholders' equity		Three months ended March 31,
		2015			2014
		(In Thousands)
	Unrealized gains (losses) on securities:
	Net unrealized holding gain on available-for-sale securities	$	144		$	20
	Reclassification adjustment for realized (gains) losses in net income	—			—
		144			20
	Income tax expense	(54		)	(6		)
	Other comprehensive income, net of tax	$	90		$	14
		Six months ended March 31,
		2015			2014
		(In Thousands)
	Unrealized gains (losses) on securities:
	Net unrealized holding gain (loss) on available-for-sale securities	$	320		$	(43	)
	Reclassification adjustment for realized (gains) losses in net income	—			—
		320			(43		)
	Income tax (expense) benefit	(121		)	17
	Other comprehensive income (loss), net of tax	$	199		$	(26	)
Schedule of the components of accumulated other comprehensive income (loss), included in stockholders' equity		March 31,			September 30,
		2015			2014
		(In Thousands)
	Net unrealized gain on securities available-for-sale	$	266		$	67
	Total accumulated other comprehensive income	$	266		$	67

EARNINGS_LOSS_PER_SHARE_Detail

EARNINGS (LOSS) PER SHARE (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014
EARNINGS (LOSS) PER SHARE
Net income (loss) applicable to common stock	$72	($5)	$97	($73)
Average number of shares issued	661,250	661,250	662,605	661,250
Average unallocated ESOP shares	-30,510	-38,142	-31,475	-41,989
Average unvested restricted stock awards	-18,519		-18,519
Average number of common shares outstanding used to calculate basic earnings (loss) per share	612,221	623,108	612,611	619,261
Average number of common shares outstanding used to calculate diluted earnings (loss) per share	612,221	623,108	612,611	619,261
Basic earnings (loss) per share (in dollars per share)	$0.12	($0.01)	$0.16	($0.12)
Diluted earnings (loss) per share (in dollars per share)	$0.12	($0.01)	$0.16	($0.12)

INVESTMENTS_IN_AVAILABLEFORSAL2

INVESTMENTS IN AVAILABLE-FOR-SALE SECURITIES (Details) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Sep. 30, 2014
Amortized cost and fair values of securities
Amortized Cost Basis	$16,005		$16,528
Gross Unrealized Gains	441		173
Gross Unrealized Losses	11		63
Fair Value	16,435		16,638
Amortized Cost Basis
Due after one year through five years	750
Due after five years through ten years	2,959
Asset-backed securities	16,005		16,528
Mortgage-backed securities	11,414
Total	16,005
Fair Value
Due after one year through five years	750
Due after five years through ten years	3,046
Fair Value	16,435		16,638
Mortgage-backed securities	11,728
Total	16,435		16,638
Available-for-sale securities sold	0	0
U.S. Government and federal agency obligations.
Amortized cost and fair values of securities
Amortized Cost Basis	3,410		3,403
Gross Unrealized Gains	77		10
Gross Unrealized Losses			28
Fair Value	3,487		3,385
Amortized Cost Basis
Asset-backed securities	3,410		3,403
Fair Value
Fair Value	3,487		3,385
Taxable municipal securities
Amortized cost and fair values of securities
Amortized Cost Basis	299		301
Gross Unrealized Gains	10
Gross Unrealized Losses			2
Fair Value	309		299
Amortized Cost Basis
Asset-backed securities	299		301
Fair Value
Fair Value	309		299
Asset-backed securities
Amortized cost and fair values of securities
Amortized Cost Basis	882		911
Gross Unrealized Gains	29		5
Fair Value	911		916
Amortized Cost Basis
Asset-backed securities	882		911
Fair Value
Fair Value	911		916
Mortgage-backed securities
Amortized cost and fair values of securities
Amortized Cost Basis	11,414		11,913
Gross Unrealized Gains	325		158
Gross Unrealized Losses	11		33
Fair Value	11,728		12,038
Amortized Cost Basis
Asset-backed securities	11,414		11,913
Fair Value
Fair Value	$11,728		$12,038

INVESTMENTS_IN_AVAILABLEFORSAL3

INVESTMENTS IN AVAILABLE-FOR-SALE SECURITIES (Details 2) (USD $)	Mar. 31, 2015	Sep. 30, 2014
In Thousands, unless otherwise specified
Fair Value
Less than 12 Months	$200	$4,998
12 Months or Longer	644	1,478
Total	844	6,476
Unrealized Losses
Less than 12 Months	1	44
12 Months or Longer	10	19
Total	11	63
U.S. Government and federal agency obligations
Fair Value
Less than 12 Months		1,445
12 Months or Longer		744
Total		2,189
Unrealized Losses
Less than 12 Months		22
12 Months or Longer		6
Total		28
Taxable municipal securities
Fair Value
Less than 12 Months		299
Total		299
Unrealized Losses
Less than 12 Months		2
Total		2
Mortgage-backed securities
Fair Value
Less than 12 Months	200	3,254
12 Months or Longer	644	734
Total	844	3,988
Unrealized Losses
Less than 12 Months	1	20
12 Months or Longer	10	13
Total	$11	$33
Number of investments temporarily impaired	5

LOANS_Details

LOANS (Details) (USD $)	Mar. 31, 2015	Sep. 30, 2014	Mar. 31, 2014	Sep. 30, 2013
In Thousands, unless otherwise specified
Loans
Loans, gross	$78,592	$76,968
Loans, gross (as a percent)	100.00%	100.00%
Allowance for loan losses	-521	-506	-416	-435
Deferred loan costs, net	555	553
Net loans	78,626	77,015
Real estate loans
Loans
Loans, gross	67,564	65,700
Loans, gross (as a percent)	85.97%	85.36%
Residential
Loans
Loans, gross	49,781	48,654
Loans, gross (as a percent)	63.34%	63.21%
Commercial real estate loans
Loans
Loans, gross	12,119	12,473
Loans, gross (as a percent)	15.43%	16.20%
Real estate loans: Construction
Loans
Loans, gross	2,864	1,736
Loans, gross (as a percent)	3.64%	2.26%
Multi-family
Loans
Loans, gross	2,800	2,837
Loans, gross (as a percent)	3.56%	3.69%
Commercial business loans and leases
Loans
Loans, gross	2,795	2,940
Loans, gross (as a percent)	3.56%	3.82%
Closed-end consumer loans
Loans
Loans, gross	8,233	8,328
Loans, gross (as a percent)	10.47%	10.82%
Home equity
Loans
Loans, gross	6,871	6,989
Loans, gross (as a percent)	8.74%	9.08%
Consumer
Loans
Loans, gross	$1,362	$1,339
Loans, gross (as a percent)	1.73%	1.74%

LOANS_Details_2

LOANS (Details 2) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014	Sep. 30, 2014
Allowance for loan losses:
Beginning balance			$506	$435
Recoveries				2
Provision (benefit) for loan losses	-3	-10	15	-21
Ending balance	521	416	521	416
Allowance for loan losses:
Ending balance: Collectively evaluated for impairment	521		521		506
Total allowance for loan losses ending balance	521	416	521	416
Loans:
Ending balance: Collectively evaluated for impairment	78,592		78,592		76,968
Total loans ending balance	78,592		78,592		76,968
1-4 Family Owner Occupied
Allowance for loan losses:
Beginning balance			165	178
Provision (benefit) for loan losses			6	-34
Ending balance	171	144	171	144
Allowance for loan losses:
Ending balance: Collectively evaluated for impairment	171		171		165
Total allowance for loan losses ending balance	171	144	171	144
Loans:
Ending balance: Collectively evaluated for impairment	34,191		34,191		33,179
Total loans ending balance	34,191		34,191		33,179
1-4 Family Non-Owner Occupied
Allowance for loan losses:
Beginning balance				75	101
Provision (benefit) for loan losses				4
Ending balance	101	79	101	79	101
Allowance for loan losses:
Ending balance: Collectively evaluated for impairment	101		101		101
Total allowance for loan losses ending balance	101	79	101	79	101
Loans:
Ending balance: Collectively evaluated for impairment	15,590		15,590		15,475
Total loans ending balance	15,590		15,590		15,475
Commercial real estate loans
Allowance for loan losses:
Beginning balance			86	81
Provision (benefit) for loan losses			-1	-13
Ending balance	85	68	85	68
Allowance for loan losses:
Ending balance: Collectively evaluated for impairment	85		85		86
Total allowance for loan losses ending balance	85	68	85	68
Loans:
Ending balance: Collectively evaluated for impairment	12,119		12,119		12,473
Total loans ending balance	12,119		12,119		12,473
Real estate loans: Construction
Allowance for loan losses:
Beginning balance			17	8
Provision (benefit) for loan losses			12	1
Ending balance	29	9	29	9
Allowance for loan losses:
Ending balance: Collectively evaluated for impairment	29		29		17
Total allowance for loan losses ending balance	29	9	29	9
Loans:
Ending balance: Collectively evaluated for impairment	2,864		2,864		1,736
Total loans ending balance	2,864		2,864		1,736
Multi-family
Allowance for loan losses:
Beginning balance				17	28
Provision (benefit) for loan losses				12
Ending balance	28	29	28	29	28
Allowance for loan losses:
Ending balance: Collectively evaluated for impairment	28		28		28
Total allowance for loan losses ending balance	28	29	28	29	28
Loans:
Ending balance: Collectively evaluated for impairment	2,800		2,800		2,837
Total loans ending balance	2,800		2,800		2,837
Commercial business loans and leases
Allowance for loan losses:
Beginning balance				16	25
Provision (benefit) for loan losses				5
Ending balance	25	21	25	21	25
Allowance for loan losses:
Ending balance: Collectively evaluated for impairment	25		25		25
Total allowance for loan losses ending balance	25	21	25	21	25
Loans:
Ending balance: Collectively evaluated for impairment	2,795		2,795		2,940
Total loans ending balance	2,795		2,795		2,940
Home equity
Allowance for loan losses:
Beginning balance			41	31
Provision (benefit) for loan losses			-2	3
Ending balance	39	34	39	34
Allowance for loan losses:
Ending balance: Collectively evaluated for impairment	39		39		41
Total allowance for loan losses ending balance	39	34	39	34
Loans:
Ending balance: Collectively evaluated for impairment	6,871		6,871		6,989
Total loans ending balance	6,871		6,871		6,989
Consumer
Allowance for loan losses:
Beginning balance				29	43
Recoveries				2
Provision (benefit) for loan losses				1
Ending balance	43	32	43	32	43
Allowance for loan losses:
Ending balance: Collectively evaluated for impairment	43		43		43
Total allowance for loan losses ending balance	43	32	43	32	43
Loans:
Ending balance: Collectively evaluated for impairment	1,362		1,362		1,339
Total loans ending balance	$1,362		$1,362		$1,339

LOANS_Details_3

LOANS (Details 3) (USD $)	6 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Sep. 30, 2014
	item	item
Nonaccrual loans and past due loans
30 - 59 Days	$778	$602
60 - 89 Days		233
90 Days or More Past Due	188
Total Past Due	966	835
Total Current	77,626	76,133
Total loans ending balance	78,592	76,968
Total Non Accrual	355	20
Number of loans categorized as impaired	0	0
Number of loans modified	0	0
Residential
Nonaccrual loans and past due loans
30 - 59 Days	381	386
60 - 89 Days		34
90 Days or More Past Due	188
Total Past Due	569	420
Total Current	49,212	48,234
Total loans ending balance	49,781	48,654
Total Non Accrual	336
Commercial real estate loans
Nonaccrual loans and past due loans
Total Current	12,119	12,473
Total loans ending balance	12,119	12,473
Real estate loans: Construction
Nonaccrual loans and past due loans
Total Current	2,864	1,736
Total loans ending balance	2,864	1,736
Multi-family
Nonaccrual loans and past due loans
60 - 89 Days		191
Total Past Due		191
Total Current	2,800	2,646
Total loans ending balance	2,800	2,837
Commercial business loans and leases
Nonaccrual loans and past due loans
Total Current	2,795	2,940
Total loans ending balance	2,795	2,940
Home equity
Nonaccrual loans and past due loans
30 - 59 Days	390	216
Total Past Due	390	216
Total Current	6,481	6,773
Total loans ending balance	6,871	6,989
Total Non Accrual	19	20
Consumer
Nonaccrual loans and past due loans
30 - 59 Days	7
60 - 89 Days		8
Total Past Due	7	8
Total Current	1,355	1,331
Total loans ending balance	$1,362	$1,339

LOANS_Details_4

LOANS (Details 4) (USD $)	Mar. 31, 2015	Sep. 30, 2014
In Thousands, unless otherwise specified	item
Internal Loan Rating System
Grade assigned in internal loan rating system	8
Loans by risk rating
Loans	$78,592	$76,968
Pass
Loans by risk rating
Loans	20,112	19,807
Special Mention
Loans by risk rating
Loans	708	432
Substandard
Loans by risk rating
Loans	19	20
Not formally rated
Loans by risk rating
Loans	57,753	56,709
Residential
Loans by risk rating
Loans	49,781	48,654
Residential | Special Mention
Loans by risk rating
Loans	218	225
Residential | Not formally rated
Loans by risk rating
Loans	49,563	48,429
Commercial real estate loans
Loans by risk rating
Loans	12,119	12,473
Commercial real estate loans | Pass
Loans by risk rating
Loans	12,119	12,473
Real estate loans: Construction
Loans by risk rating
Loans	2,864	1,736
Real estate loans: Construction | Pass
Loans by risk rating
Loans	2,864	1,736
Multi-family
Loans by risk rating
Loans	2,800	2,837
Multi-family | Pass
Loans by risk rating
Loans	2,800	2,837
Commercial business loans and leases
Loans by risk rating
Loans	2,795	2,940
Commercial business loans and leases | Pass
Loans by risk rating
Loans	2,329	2,761
Commercial business loans and leases | Special Mention
Loans by risk rating
Loans	466	179
Home equity
Loans by risk rating
Loans	6,871	6,989
Home equity | Special Mention
Loans by risk rating
Loans	24	28
Home equity | Substandard
Loans by risk rating
Loans	19	20
Home equity | Not formally rated
Loans by risk rating
Loans	6,828	6,941
Consumer
Loans by risk rating
Loans	1,362	1,339
Consumer | Not formally rated
Loans by risk rating
Loans	$1,362	$1,339

FAIR_VALUE_MEASUREMENTS_Detail

FAIR VALUE MEASUREMENTS (Details) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Sep. 30, 2014
FAIR VALUE MEASUREMENTS
Fair value adjustments on loans held-for-sale	$0	$0
Fair value measurements
Securities available-for-sale	16,435		16,638
U.S. Government and federal agency obligations.
Fair value measurements
Securities available-for-sale	3,487		3,385
Taxable municipal securities
Fair value measurements
Securities available-for-sale	309		299
Asset-backed securities
Fair value measurements
Securities available-for-sale	911		916
Mortgage-backed securities
Fair value measurements
Securities available-for-sale	11,728		12,038
Level 2
Fair value measurements
Securities available-for-sale	16,435		16,638
Recurring basis | Total
Fair value measurements
Securities available-for-sale	16,435		16,638
Recurring basis | Total | U.S. Government and federal agency obligations
Fair value measurements
Securities available-for-sale	3,487		3,385
Recurring basis | Total | Taxable municipal securities
Fair value measurements
Securities available-for-sale	309		299
Recurring basis | Total | Asset-backed securities
Fair value measurements
Securities available-for-sale	911		916
Recurring basis | Total | Mortgage-backed securities
Fair value measurements
Securities available-for-sale	11,728		12,038
Recurring basis | Level 2
Fair value measurements
Securities available-for-sale	16,435		16,638
Recurring basis | Level 2 | U.S. Government and federal agency obligations
Fair value measurements
Securities available-for-sale	3,487		3,385
Recurring basis | Level 2 | Taxable municipal securities
Fair value measurements
Securities available-for-sale	309		299
Recurring basis | Level 2 | Asset-backed securities
Fair value measurements
Securities available-for-sale	911		916
Recurring basis | Level 2 | Mortgage-backed securities
Fair value measurements
Securities available-for-sale	$11,728		$12,038

FAIR_VALUE_MEASUREMENTS_Detail1

FAIR VALUE MEASUREMENTS (Details 2) (USD $)	Mar. 31, 2015	Sep. 30, 2014	Mar. 31, 2014	Sep. 30, 2013
In Thousands, unless otherwise specified
Financial assets:
Cash and cash equivalents	$5,247	$5,938	$2,639	$4,713
Interest-bearing time deposits with other banks	1,981	1,985
Available-for-sale securities	16,435	16,638
Federal Home Loan Bank stock	958	754
Accrued interest receivable	294	273
Financial liabilities:
Assets measured at fair value on a nonrecurring basis	0	0
Level 1
Financial assets:
Cash and cash equivalents	5,247	5,938
Federal Home Loan Bank stock	958	754
Loans held-for-sale	7,675	2,753
Accrued interest receivable	294	273
Level 2
Financial assets:
Available-for-sale securities	16,435	16,638
Level 3
Financial assets:
Interest-bearing time deposits with other banks	1,998	1,986
Loans, net	80,583	77,749
Financial liabilities:
Deposits	93,400	87,769
Federal Home Loan Bank advances	10,669	10,933
Carrying Amount
Financial assets:
Cash and cash equivalents	5,247	5,938
Interest-bearing time deposits with other banks	1,981	1,985
Available-for-sale securities	16,435	16,638
Federal Home Loan Bank stock	958	754
Loans held-for-sale	7,539	2,727
Loans, net	78,626	77,015
Accrued interest receivable	294	273
Financial liabilities:
Deposits	93,084	87,483
Federal Home Loan Bank advances	10,667	10,953
Total
Financial assets:
Cash and cash equivalents	5,247	5,938
Interest-bearing time deposits with other banks	1,998	1,986
Available-for-sale securities	16,435	16,638
Federal Home Loan Bank stock	958	754
Loans held-for-sale	7,675	2,753
Loans, net	80,583	77,749
Accrued interest receivable	294	273
Financial liabilities:
Deposits	93,400	87,769
Federal Home Loan Bank advances	$10,669	$10,933

REGULATORY_CAPITAL_Details

REGULATORY CAPITAL (Details) (Basel III, USD $)	6 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Sep. 30, 2014
Regulatory capital
Term of risk weights of certain assets	90 days
Increase in capital in non-accrual status for certain assets (as a percent)	150.00%
Initial capital in non-accrual status for certain assets (as a percent)	100.00%
Unused portion of commitments maturity term	1 year
Increase in unused portion of commitments that are not cancellable (as a percent)	20.00%
Initial unused portion of commitments that are not cancellable (as a percent)	0.00%
Increase in risk weight for mortgage servicing and deferred tax assets (as a percent)	250.00%
Initial risk weight for mortgage servicing and deferred tax assets (as a percent)	100.00%
Increase in risk weight for equity exposures (as a percent)	600.00%
Initial risk weight for equity exposures (as a percent)	0.00%
Capital Conservation Buffer
Initial conservation buffer risk weighted asset (as a percent)	0.63%
Subsequent annual increase conservation buffer risk weighted asset (as a percent)	0.63%
Final conservation buffer risk weighted asset (as a percent)	2.50%
Total Capital (to risk weighted assets)
Actual Amount	$9,434	$8,172
Actual Ratio (as a percent)	14.60%	13.30%
To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	6,482	6,126
To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio (as a percent)	10.00%	10.00%
Tier 1 Capital (to risk weighted assets)
Actual Amount	8,913	7,667
Actual Ratio (as a percent)	13.80%	12.50%
To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	5,186	3,676
To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio (as a percent)	8.00%	6.00%
Tier 1 Capital (to average assets)
Actual Amount	8,913	7,667
Actual Ratio (as a percent)	7.90%	8.10%
To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	5,673	4,733
To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio (as a percent)	5.00%	5.00%
Minimum
Regulatory capital
Phase-in period	2 years
Total Capital (to risk weighted assets)
Minimum For Capital Adequacy Purposes Amount	5,186	4,901
Minimum For Capital Adequacy Purposes Ratio (as a percent)	8.00%	8.00%
Tier 1 Capital (to risk weighted assets)
Minimum For Capital Adequacy Purposes Amount	3,889	2,451
Minimum For Capital Adequacy Purposes Ratio (as a percent)	6.00%	4.00%
Tier 1 Capital (to average assets)
Minimum For Capital Adequacy Purposes Amount	4,539	3,787
Minimum For Capital Adequacy Purposes Ratio (as a percent)	4.00%	4.00%
Maximum
Regulatory capital
Phase-in period	4 years
Common Stock
Total Capital (to risk weighted assets)
Actual Amount	8,913
Actual Ratio (as a percent)	13.80%
To Be Well Capitalized Under Prompt Corrective Action Provisions Amount	4,213
To Be Well Capitalized Under Prompt Corrective Action Provisions Ratio (as a percent)	6.50%
Common Stock | Minimum
Total Capital (to risk weighted assets)
Minimum For Capital Adequacy Purposes Amount	$2,917
Minimum For Capital Adequacy Purposes Ratio (as a percent)	4.50%

OTHER_COMPREHENSIVE_INCOME_LOS2

OTHER COMPREHENSIVE INCOME (LOSS) (Details) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014	Sep. 30, 2014
Unrealized gains (losses) on securities:
Net unrealized holding gain (loss) on available-for-sale securities	$144	$20	$320	($43)
Other comprehensive income (loss), before tax	144	20	320	-43
Income tax (expense) benefit	-54	-6	-121	17
Other comprehensive income (loss), net of tax	90	14	199	-26
Components of accumulated other comprehensive income, included in stockholders' equity
Net unrealized gain on securities available-for-sale	266		266		67
Total accumulated other comprehensive income	$266		$266		$67

EMPLOYEE_STOCK_OWNERSHIP_PLAN_1

EMPLOYEE STOCK OWNERSHIP PLAN ("ESOP") (Details) (USD $)	0 Months Ended	3 Months Ended		6 Months Ended
	Nov. 19, 2012	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Mar. 31, 2014	Sep. 30, 2014
Employee stock ownership plan
Number of shares of common stock sold	661,250	661,250		661,250		661,250
Issue price of common stock (in dollars per share)	$10
ESOP
Employee stock ownership plan
Number of common stock purchased by employee stock purchase plan (in shares)	27,700
Share purchased subsequent to initial public offering				18,587
Loan for stock purchase as a percentage of aggregate purchase price of common stock	100.00%
Term of ESOP loan	6 years
Remaining principal balance		$332,000		$332,000
Shares held by the ESOP		46,287		46,287
Total compensation expense		$25,000	$23,000	$50,000	$46,000