Malvern Bancorp (MLVF) 10-Q 10 Feb 20 2020 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Dec. 31, 2019	Feb. 10, 2020
Cover [Abstract]
Entity Registrant Name	MALVERN BANCORP, INC.
Entity Central Index Key	0001550603
Document Type	10-Q
Document Period End Date	Dec. 31, 2019
Amendment Flag	false
Current Fiscal Year End Date	--09-30
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		7,777,006
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2020
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Shell Company	false
Entity Incorporation, State or Country Code	PA
Entity File Number	000-54835
Entity Tax Identification Number	45-5307782
Entity Address, Address Line One	42 Lancaster Avenue
Entity Address, City or Town	Paoli
Entity Address, State or Province	PA
Entity Address, Postal Zip Code	19301
City Area Code	610
Local Phone Number	644-9400
Document Quarterly Report	true
Document Transition Report	false
Title of each class	Common Stock, par value $0.01 per share
Trading Symbol(s)	MLVF
Name of each exchange on which registered	NASDAQ

CONSOLIDATED STATEMENTS OF FINA

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Unaudited) - USD ($) $ in Thousands	Dec. 31, 2019	Sep. 30, 2019
ASSETS
Cash and due from depository institutions	$ 1,337	$ 1,400
Interest bearing deposits in depository institutions	158,465	152,143
Cash and Cash Equivalents	159,802	153,543
Investment securities available for sale, at fair value (amortized cost of $23,761 and $18,522, respectively)	23,723	18,411
Investment securities held to maturity (fair value of $20,670 and $22,609, respectively)	20,578	22,485
Restricted stock, at cost	11,115	11,129
Loans receivable, net of allowance for loan losses of $10,100 and $10,095, respectively	994,803	1,007,714
Other real estate owned	5,796	5,796
Accrued interest receivable	4,061	4,253
Operating lease right-of-use assets	3,119
Property and equipment, net	6,594	6,678
Deferred income taxes	2,806	2,840
Bank-owned life insurance	20,018	19,891
Other assets	8,341	12,482
Total Assets	1,260,756	1,265,222
Deposits:
Deposits-noninterest-bearing	41,273	55,684
Deposits-interest-bearing	902,546	898,127
Total Deposits	943,819	953,811
FHLB advances	133,000	133,000
Subordinated debt	24,658	24,619
Advances from borrowers for taxes and insurance	2,344	1,761
Accrued interest payable	1,271	978
Operating lease liabilities	3,128
Other liabilities	7,284	8,545
Total Liabilities	1,115,504	1,122,714
Commitments and Contingencies
Shareholders' Equity
Preferred stock, $0.01 par value, 10,000,000 shares authorized, none issued
Common stock, $0.01 par value, 50,000,000 shares authorized; 7,782,412 and 7,765,549 shares issued and outstanding, respectively, at December 31, 2019 and 7,782,258 and 7,765,395 shares issued and outstanding, respectively, at September 30, 2019	78	78
Additional paid-in-capital	84,860	84,783
Retained earnings	62,246	59,744
Unearned Employee Stock Ownership Plan (ESOP) shares	(1,156)	(1,192)
Accumulated other comprehensive loss	(440)	(569)
Treasury stock, at cost: 16,863 shares at December 31, 2019 and September 30, 2019	336	336
Total Shareholders' Equity	145,252	142,508
Total Liabilities and Shareholders' Equity	$ 1,260,756	$ 1,265,222

CONSOLIDATED STATEMENTS OF FI_2

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2019	Sep. 30, 2019
Statement Of Financial Position [Abstract]
Investment securities available for sale, amortized cost	$ 23,761	$ 18,522
Investment securities held to maturity, fair value	20,670	22,609
Allowance for loan losses	$ 10,100	$ 10,095
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, authorized	50,000,000	50,000,000
Common stock, issued	7,782,412	7,782,258
Common stock, outstanding	7,765,549	7,765,395
Treasury stock, shares	16,863	16,863

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Interest and Dividend Income
Loans, including fees	$ 10,905	$ 10,095
Investment securities, taxable	215	251
Investment securities, tax-exempt	39	61
Dividends, restricted stock	188	133
Interest-bearing cash accounts	472	372
Total Interest and Dividend Income	11,819	10,912
Interest Expense
Deposits	3,737	2,944
Short-term borrowings		5
Long-term borrowings	787	633
Subordinated debt	383	383
Total Interest Expense	4,907	3,965
Net Interest Income	6,912	6,947
Provision for Loan Losses		1,453
Net Interest Income after Provision for Loan losses	6,912	5,494
Other Income
Service charges and other fees	259	940
Rental income	54	67
Net gains on sale of loans	3	18
Earnings on bank-owned life insurance	127	121
Total Other Income	443	1,146
Other Expenses
Salaries and employee benefits	2,125	2,008
Occupancy expense	582	539
Federal deposit insurance premium	(3)	69
Advertising	22	30
Data processing	278	254
Professional fees	441	499
Other real estate owned expense, net	71	21
Pennsylvania shares tax	170
Other operating expenses	736	674
Total Other Expenses	4,422	4,094
Income before income tax expense	2,933	2,546
Income tax expense	431	535
Net Income	$ 2,502	$ 2,011
Earnings Per Common Share:
Basic	$ 0.33	$ 0.27
Diluted	$ 0.33	$ 0.27
Weighted Average Common Shares Outstanding:
Basic	7,665,842	7,555,810
Diluted	7,665,842	7,555,969

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Statement Of Income And Comprehensive Income [Abstract]
Net Income	$ 2,502	$ 2,011
Other Comprehensive Income (Loss), Net of Tax:
Unrealized holding gains (losses) on available-for-sale securities	71	(33)
Tax effect	(15)	7
Net of tax amount	56	(26)
Accretion of unrealized holding losses on securities transferred from available-for-sale to held-to-maturity	1	2
Tax effect		(1)
Net of tax amount	1	1
Fair value adjustments on derivatives	91	(710)
Tax effect	(19)	150
Net of tax amount	72	(560)
Total other comprehensive income (loss)	129	(585)
Total comprehensive income	$ 2,631	$ 1,426

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Unearned ESOP Shares [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Treasury Stock [Member]
Balance at beginning at Sep. 30, 2018	$ 110,823	$ 66	$ 61,099	$ 50,412	$ (1,338)	$ 584
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income	2,011			2,011
Other comprehensive income (loss)	(585)					(585)
Stock issuance (net of issuance of proceeds of $25,000)	23,344	12	23,332
Committed to be released ESOP shares (3,600 shares)	72		36		36
Stock based compensation	14		14
Balance at ending at Dec. 31, 2018	135,679	78	84,481	52,423	(1,302)	(1)
Balance at beginning at Sep. 30, 2019	142,508	78	84,783	59,744	(1,192)	(569)	$ (336)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income	2,502			2,502
Other comprehensive income (loss)	129					129
Committed to be released ESOP shares (3,600 shares)	81		45		36
Stock based compensation	32		32
Balance at ending at Dec. 31, 2019	$ 145,252	$ 78	$ 84,860	$ 62,246	$ (1,156)	$ (440)	$ (336)

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) (Parenthetical) $ in Thousands	3 Months Ended
	Dec. 31, 2018USD ($)shares
Statement Of Stockholders Equity [Abstract]
Proceeds from net of issuance cost | $	$ 25,000
Committed to be released ESOP shares | shares	3,600

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	3 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Cash Flows from Operating Activities
Net Income	$ 2,502,000	$ 2,011,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation expense	187,000	191,000
Provision for Loan Losses		1,453,000
Deferred income tax expense (benefit)	34,000	(295,000)
ESOP expense	81,000	72,000
Stock based compensation	32,000	14,000
Amortization of premiums and discounts on investments securities, net	181,000	269,000
Amortization (accretion) of loan origination fees and costs	1,535,000	(192,000)
Amortization of mortgage servicing rights	5,000	10,000
Net gain on sale of secondary market loans	(3,000)	(18,000)
Proceeds from sale of secondary market loans	73,000	1,543,000
Originations of secondary market loans	(70,000)	(1,525,000)
Earnings on bank-owned life insurance	(127,000)	(121,000)
Decrease in accrued interest receivable	192,000	76,000
Increase in accrued interest payable	293,000	467,000
Operating lease liability payments	(166,000)
Increase in other liabilities	1,867,000	1,805,000
Amortization of subordinate debt	39,000	39,000
Net Cash Provided by Operating Activities	7,894,000	3,381,000
Decrease (increase) in other assets	1,239,000	(2,418,000)
Investment securities available-for-sale:
Purchases	(5,252,000)	(5,000,000)
Sales	0	25,000
Maturities, calls and principal repayments	2,000	10,000,000
Investment securities held-to-maturity:
Maturities, calls and principal repayments	1,737,000	512,000
Net decrease (increase) in loans	11,376,000	(29,560,000)
Net decrease (increase) in restricted stock	14,000	(956,000)
Purchase of property and equipment	(103,000)	(78,000)
Net Cash Provided by (Used in) Investing Activities	7,774,000	(25,057,000)
Cash Flows from Financing Activities
Net (decrease) increase in deposits	(9,992,000)	69,037,000
Proceeds for long-term borrowings		30,000,000
Repayment of long-term borrowings		(30,000,000)
Repayment of other borrowed money		(2,500,000)
Increase in advances from borrowers for taxes and insurance	583,000	837,000
Net proceeds from issuance of common stock		23,344,000
Net Cash (Used in) Provided by Financing Activities	(9,409,000)	90,718,000
Net Increase in Cash and Cash Equivalents	6,259,000	69,042,000
Cash and Cash Equivalents - Beginning	153,543,000	30,834,000
Cash and Cash Equivalents - Ending	159,802,000	99,876,000
Supplemental Cash Flows Information
Interest paid	$ 4,614,000	3,498,000
Income taxes paid		163,000
Non-cash transfer to other real estate owned		$ 5,796,000

The Company

The Company	3 Months Ended
	Dec. 31, 2019
Organization Consolidation And Presentation Of Financial Statements [Abstract]
The Company	Note 1 – The Company Malvern Bancorp, Inc. (the “Company” or “Malvern Bancorp”), a Pennsylvania corporation, is a registered bank holding company under the Bank Holding Company Act of 1956, as amended (the “Holding Company Act”). Malvern Bancorp is the holding company for Malvern Bank, National Association (“Malvern Bank” or the “Bank”), a national bank that was originally organized in 1887 as a federally-chartered savings bank. Malvern Bank now serves as one of the oldest banks headquartered on the Philadelphia Main Line. For more than a century, the Bank has been committed to helping people build prosperous communities as a trusted financial partner, forging lasting relationships through teamwork, respect and integrity. The Bank conducts business from its headquarters in Paoli, Pennsylvania, a suburb of Philadelphia, and through its twelve other banking locations in Chester, Delaware and Bucks counties, Pennsylvania, Morristown, New Jersey, its New Jersey regional headquarters, Palm Beach, Florida, and Montchanin, Delaware. The Bank also maintains representative offices in Wellington, Florida and Allentown, Pennsylvania. The Bank’s primary market niche is providing personalized service to its client base. In preparing the unaudited consolidated financial statements, management has made estimates and assumptions that affect the reported amounts of assets and liabilities as of the dates of the unaudited consolidated statements of condition and that affect the results of operations for the periods presented. Actual results could differ significantly from those estimates. Material estimates that are particularly susceptible to change in the near term relate to the determination of the allowance for loan losses, other real estate owned, the evaluation of deferred tax assets, the other-than-temporary impairment evaluation of securities, and the valuation of derivative positions. The unaudited consolidated financial statements have been prepared in conformity with U.S. generally accepted accounting principles (“U.S. GAAP”).

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2 – Summary of Significant Accounting Policies Basis of financial statement presentation. The unaudited condensed consolidated financial statements of the Company include the accounts of the Company and its subsidiaries . All significant intercompany accounts and transactions have been eliminated in consolidation. The accompanying unaudited condensed consolidated financial statements present the Company’s financial position at December 31, 2019 and September 30, 2019 and the results of operations for the three months ended December 31, 2019 and 2018, and cash flows for the three months ended December 31, 2019 and 2018. In management’s opinion, the unaudited condensed consolidated financial statements contain all adjustments, which include normal and recurring adjustments, necessary for a fair presentation of the financial position and results of operations as of the dates and for the interim periods presented. These unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and note disclosures included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on December 16, 2019 (the “2019 Annual Report”). The consolidated statements of operations for the three months ended December 31, 2019 and the consolidated statements of cash flows for the three months ended December 31, 2019 are not necessarily indicative of the results of operations or cash flows for the full year ending September 30, 2020 or any interim period. There have been no significant changes to the Critical Accounting Policies as described in the 2019 Annual Report. Those significant accounting policies remain unchanged at December 31, 2019, except as described below: Leases The Company accounts for our leases in accordance with ASC 842 - Leases As a lessee, the Company enters into operating leases for certain bank branches, office space, and office equipment. The right-of-use assets and lease liabilities are initially recognized based on the net present value of the remaining lease payments which include renewal options where management is reasonably certain they will be exercised. The net present value is determined using the incremental borrowing rate based on the Federal Home Loan Bank (“FHLB”) Recently Issued Income Taxes. In December 2019, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2019-12, Income Taxes (Topic 740). This ASU identifies, evaluates, and improves areas of general accepted accounting principles for which cost and complexity can be reduced while maintaining or improving the usefulness of the information provided to users of financial statements. The ASU is effective for fiscal years beginning after December 15, 2021, with early adoption permitted. The adoption of this new requirement is not expected to have a material impact on the consolidated earnings, financial position or cash flows of the Company. Credit Losses. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments . This ASU requires an organization to measure all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. Many of the loss estimation techniques applied currently will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses. Organizations will continue to use judgment to determine which loss estimation method is appropriate for their circumstances. Additionally, this ASU amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. In April 2019, the FASB issued ASU 2019-04, Codification Improvements , which provides guidance on accounting for credit losses on accrued interest receivable balances and guidance on including recoveries when estimating the allowance. In May 2019, the FASB issued ASU 2019-05, Targeted Transition Relief, which allows entities with an option to elect fair value for certain instruments upon adoption of Topic 326. This ASU will be effective for interim and annual periods beginning after December 15, 2019, with early adoption permitted . The Bank has a software system in place to assist with the calculation of Current Expected Credit Losses (“CECL”). The Company formed a cross functional implementation team to review the requirements of ASU 2016-13 and contracted with a third-party provider to assist in the development and implementation of the revised credit loss methodology. The impacts on the consolidated earnings, financial position and cash flows of the Company, upon adoption of this ASU are currently unknown. On October 16, 2019, the FASB approved its August 2019 proposal to delay the effective date for adopting credit losses CECL standard for certain small reporting companies and private companies/ not-for-profit organizations to January 2023. In November 2019, the FASB issued ASU No. 2019-10, Financial Instruments-Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842) making this ASU effective for interim and annual periods beginning after December 15, 2022. As such the Company would be required to implement the ASU on October 1, 2023. In November 2019, the FASB issued ASU No. 2019-11, Codification Improvements to Topic 326, Financial Instruments-Credit Losses, which provides guidance on stakeholders’ specific issues about certain aspects of the amendments in ASU 2016-13. Leases . In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) to increase transparency and comparability among organizations recognizing lease assets and lease liabilities on the balance sheet. This ASU will require lessees to recognize a right-of-use (“ROU”) asset for its right to use the underlying asset and a lease liability for the corresponding lease obligation for leases with terms of more than twelve months. Accounting by lessors will remain largely unchanged from current U.S. GAAP. This ASU also requires expanded quantitative and qualitative disclosures for both lessees and lessors. In July 2018, the FASB issued ASU 2018-11, Leases (Topic 842): Targeted Improvements, which provides entities with an additional (and optional) transition method in which the entity applies the new leases standard at the adoption date and recognizes a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. The Company has applied the new transition method upon adoption. In December 2018, the FASB issued ASU 2018-20, Leases (Topic 842): Narrow Scope Improvements for Lessors, which clarifies the treatment of sales taxes and other taxes collected from lessees, lessor costs paid directly by lessees, and recognition of variable payments for contracts with lease and non-lease components. In March 2019, the FASB issued ASU 2019-01, Leases (Topic 842): Codification Improvements, which aligned the new lease guidance with the existing guidance for fair value of the underlying asset by lessors that are not manufacturers or dealers. It also clarified an exemption for lessors and lessees from a certain interim disclosure requirement associated with adopting the board’s new lease accounting standard. The Company adopted the guidance in these ASUs on October 1, 2019 and will not restate comparative periods. As a result, the Company recorded right-of-use assets and related lease liabilities of $3.3 million at October 1, 2019. At December 31, 2019 the Company had right-of-use assets and related lease liabilities of $3.1 million.

Non-Interest Income

Non-Interest Income	3 Months Ended
	Dec. 31, 2019
Noninterest Income [Abstract]
Non-Interest Income	Note 3 – Non-Interest Income On October 1, 2018, the Company adopted the amendments of ASU 2014-09 - Revenue from Contracts with Customers (Topic 606) and all subsequent ASUs that modified Topic 606. A significant amount of the Company’s revenues is derived from net interest income on financial assets and liabilities, which are excluded from the scope of the amended guidance. Some sources of revenue included within non-interest income fall within the scope of Topic 606, while other sources do not. The Company recognizes revenue when the performance obligations related to the transfer of goods or services under the terms of the contract are satisfied. Some obligations are satisfied at a point in time while others are satisfied over a period of time. Revenue is recognized as the amount of consideration to which the Company expects to be entitled in exchange for transferring goods or services to a customer. When consideration includes a variable component, the amount of consideration attributable to variability is included in the transaction price only to the extent it is probable that significant revenue recognized will not be reversed when uncertainty associated with the variable consideration is subsequently resolved. The Company’s contracts generally do not contain terms that require significant judgement to determine the variability impacting the transaction price. The Company has included the following table regarding the Company’s other income for the periods presented. Three Months Ended December 31, 2019 2018 (In thousands) Rental income $ 54 $ 67 Net gains on sale of loans 3 18 Earnings on bank-owned life insurance 127 121 Other income within the scope of other GAAP topics 184 206 ATM fees 2 1 Credit card fee income 6 6 DDA fee income 30 37 DDA service fees 19 19 Debit card fees 66 60 Other loan fee income 77 764 Other fee income 57 52 Other non-interest income 2 1 Other income from contracts with customers $ 259 $ 940 Total Other Income $ 443 $ 1,146 The decrease in other loan fee income during the three months ended December 31, 2019 is primarily due to lower net swap fees of approximately $710,000 through the Bank’s commercial loan hedging program.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Dec. 31, 2019
Earnings Per Share [Abstract]
Earnings Per Share	Note 4 – Earnings Per Share Basic earnings per common share is computed based on the weighted average number of shares outstanding reduced by unearned Employee Stock Ownership Plan (“ESOP”) shares. Diluted earnings per share is computed based on the weighted average number of shares outstanding and common stock equivalents (“CSEs”) that would arise from the exercise of dilutive securities, reduced by unearned ESOP shares. During the three months ended December 31, 2019, the Company issued 1,764 restricted shares , which are considered CSEs. The following table sets forth the composition of the weighted average shares (denominator) used in the earnings per share computations. Three Months Ended December 31, 2019 2018 (In thousands, except share data) Net Income $ 2,502 $ 2,011 Weighted average shares outstanding 7,764,383 7,668,751 Average unearned ESOP shares (98,541 ) (112,941 ) Basic weighted average shares outstanding 7,665,842 7,555,810 Plus: effect of potential dilutive common stock equivalents - stock options - 159 Diluted weighted average common shares outstanding 7,665,842 7,555,969 Earnings per common share: Basic $ 0.33 $ 0.27 Diluted $ 0.33 $ 0.27

Employee Stock Ownership Plan

Employee Stock Ownership Plan	3 Months Ended
	Dec. 31, 2019
Employee Stock Ownership Plan E S O P Shares In E S O P [Abstract]
Employee Stock Ownership Plan	Note 5 – Employee Stock Ownership Plan The Company maintains an ESOP for substantially all of its full-time employees. The current ESOP trustee is Pentegra. Shares of the Company’s common stock purchased by the ESOP are held until released for allocation to participants. Shares released are allocated to each eligible participant based on the ratio of each such participant’s base compensation to the total base compensation of all eligible plan participants. As the unearned shares are committed to be released and allocated among participants, the Company recognizes a compensation expense equal to the fair value of the ESOP shares during the periods in which they become committed to be released. To the extent that the fair value of the ESOP shares released differs from the cost of such shares, the difference is charged or credited to additional paid-in capital. During the period from May 20, 2008 to September 30, 2008, the ESOP purchased 241,178 shares of Company common stock for approximately $2.6 million, at an average price of $10.86 per share, which was funded by a loan from Malvern Federal Bancorp, Inc. (the Company’s predecessor). The ESOP loan is being repaid principally from the Bank’s contributions to the ESOP. The loan, which bears an interest rate of 5%, is being repaid in quarterly installments through 2026. Shares are released to participants proportionately as the loan is repaid. During each of the three months ended December 31, 2019 and 2018, there were

Investment Securities

Investment Securities	3 Months Ended
	Dec. 31, 2019
Investments Debt And Equity Securities [Abstract]
Investment Securities	Note 6 - Investment Securities The Company’s investment securities are classified as available-for-sale or held-to-maturity at December 31, 2019 and at September 30, 2019. Investment securities available-for-sale are reported at fair value with unrealized gains or losses included in equity, net of tax. Accordingly, the carrying value of such securities reflects their fair value at the balance sheet date. Fair value is based upon either quoted market prices, or in certain cases where there is limited activity in the market for a particular instrument, assumptions are made to determine their fair value. Held-to-maturity securities, which are carried at amortized cost, are investments where there is positive intent and ability to hold to maturity. Transfers of debt securities from the available-for-sale category to the held-to-maturity category are made at fair value at the date of transfer. The unrealized holding gain or loss at the date of transfer remains in accumulated other comprehensive income and in the carrying value of the held-to-maturity investment security. Premiums or discounts on investment securities are amortized or accreted using the effective interest method over the life of the security as an adjustment of yield. Unrealized holding gains or losses that remain in accumulated other comprehensive income are amortized or accreted over the remaining life of the security as an adjustment of yield, offsetting the related amortization of the premium or accretion of the discount. The following tables present information related to the Company’s investment securities at December 31, 2019 and September 30, 2019. December 31, 2019 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In thousands) Investment Securities Available-for-Sale: U.S. government agencies $ 3,000 $ - $ - $ 3,000 State and municipal obligations 4,710 16 - 4,726 Single issuer trust preferred security 1,000 - (66 ) 934 Corporate debt securities 13,551 199 (185 ) 13,565 Mutual fund 1,500 - (2 ) 1,498 Total $ 23,761 $ 215 $ (253 ) $ 23,723 Investment Securities Held-to-Maturity: State and municipal obligations $ 4,488 $ 79 $ - $ 4,567 Corporate debt securities 3,581 158 - 3,739 Mortgage-backed securities: Collateralized mortgage obligations ("CMO"), fixed-rate 12,509 4 (149 ) 12,364 Total $ 20,578 $ 241 $ (149 ) $ 20,670 Total investment securities $ 44,339 $ 456 $ (402 ) $ 44,393 September 30, 2019 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In thousands) Investment Securities Available-for-Sale: U.S. government agencies $ 3,000 $ - $ - $ 3,000 State and municipal obligations 4,715 17 - 4,732 Single issuer trust preferred security 1,000 - (77 ) 923 Corporate debt securities 9,557 181 (232 ) 9,506 Mutual fund 250 - - 250 Total $ 18,522 $ 198 $ (309 ) $ 18,411 Investment Securities Held-to-Maturity: U.S. government agencies $ 1,000 $ - $ - $ 1,000 State and municipal obligations 4,515 75 - 4,590 Corporate debt securities 3,608 182 - 3,790 Mortgage-backed securities: CMO, fixed-rate 13,362 3 (136 ) 13,229 Total $ 22,485 $ 260 $ (136 ) $ 22,609 Total investment securities $ 41,007 $ 458 $ (445 ) $ 41,020 There were no available-for-sale investment securities sold during t he three months ended December 31, 2019 . For the three months ended December 31, 2018, proceeds of available-for-sale investment securities sold amounted to approximately $25,000 . There was no gain or loss with this sale. The following tables indicate gross unrealized losses not recognized in income and fair value, aggregated by investment category, and the length of time individual securities have been in a continuous unrealized loss position at December 31, 2019 and September 30, 2019 : December 31, 2019 Less than 12 Months More than 12 Months Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses (In thousands) Investment Securities Available for Sale: Single issuer trust preferred security $ - $ - $ 934 $ (66 ) $ 934 $ (66 ) Corporate debt securities - - 3,315 (185 ) 3,315 (185 ) Mutual fund - - 998 (2 ) 998 (2 ) Total $ - $ - $ 5,247 $ (253 ) $ 5,247 $ (253 ) Investment Securities Held-to-Maturity: Mortgage-backed securities: CMO, fixed-rate $ 1,513 $ (4 ) $ 10,170 $ (145 ) $ 11,683 $ (149 ) Total $ 1,513 $ (4 ) $ 10,170 $ (145 ) $ 11,683 $ (149 ) Total investment securities $ 1,513 $ (4 ) $ 15,417 $ (398 ) $ 16,930 $ (402 ) September 30, 2019 Less than 12 Months More than 12 Months Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses (In thousands) Investment Securities Available for Sale: Single issuer trust preferred security $ - $ - $ 923 $ (77 ) $ 923 $ (77 ) Corporate debt securities - - 3,268 (232 ) 3,268 (232 ) Total $ - $ - $ 4,191 $ (309 ) $ 4,191 $ (309 ) Investment Securities Held-to-Maturity: Mortgage-backed securities: CMO, fixed-rate $ 1,315 $ (4 ) $ 10,894 $ (132 ) $ 12,209 $ (136 ) Total $ 1,315 $ (4 ) $ 10,894 $ (132 ) $ 12,209 $ (136 ) Total investment securities $ 1,315 $ (4 ) $ 15,085 $ (441 ) $ 16,400 $ (445 ) As of December 31, 2019, the estimated fair value of the securities disclosed above was primarily dependent upon the movement in market interest rates, particularly given the inherent credit risk associated with these securities. These investment securities are comprised of securities that are rated investment grade by at least one bond credit rating service. Although the fair value will fluctuate as market interest rates move, management believes that these fair values will recover as the underlying portfolios mature and are reinvested in market rate yielding investments. As of December 31, 2019, the Company held Investment securities having a carrying value of approximately $6.0 million and $6.4 million at December 31, 2019 and September 30, 2019, respectively, were pledged to secure deposits. Investment securities having a carrying value of $3.0 million and $4.0 million September 30, 2019, respectively, w The following table presents information for investment securities at December 31, 2019, based on scheduled maturities. Actual maturities can be expected to differ from scheduled maturities due to prepayment or early call options of the issuer. Amortized Cost Fair Value (In thousands) Available-for-Sale: Within 1 year $ 1,534 $ 1,539 Over 1 year through five years 6,254 6,282 After 5 years through ten years 14,973 14,904 Over 10 years 1,000 998 Total $ 23,761 $ 23,723 Held-to-Maturity: Over 1 year through five years $ 3,582 $ 3,739 After 5 years through ten years 1,819 1,898 Over 10 years 2,668 2,669 Mortgage-backed securities: CMO, fixed-rate 12,509 12,364 Total $ 20,578 $ 20,670 Total investment securities $ 44,339 $ 44,393

Loans Receivable and Related Al

Loans Receivable and Related Allowance for Loan Losses	3 Months Ended
	Dec. 31, 2019
Receivables [Abstract]
Loans Receivable and Related Allowance for Loan Losses	Note 7 - Loans Receivable and Related Allowance for Loan Losses Loans receivable in the Company’s portfolio (which does not include loans held for sale, except as noted below) consisted of the following at the dates indicated below: December 31, 2019 September 30, 2019 (In thousands) Residential mortgage $ 234,738 $ 220,011 Construction and Development: Residential and commercial 49,095 40,346 Land 3,625 3,420 Total Construction and Development 52,720 43,766 Commercial: Commercial real estate 523,807 543,452 Farmland 7,563 7,563 Multi-family 43,473 62,884 Commercial and industrial 99,494 99,747 Other 8,569 4,450 Total Commercial 682,906 718,096 Consumer: Home equity lines of credit 18,372 19,506 Second mortgages 13,179 13,737 Other 2,160 2,030 Total Consumer 33,711 35,273 Total loans 1,004,075 1,017,146 Deferred loan fees and costs, net 828 663 Allowance for loan losses (10,100 ) (10,095 ) Total loans receivable, net $ 994,803 $ 1,007,714 The following tables summarize the primary classes of the allowance for loan losses (“ALLL”), segregated into the amount required for loans individually evaluated for impairment and the amount required for loans collectively evaluated for impairment, as of December 31, 2019 and September 30, 2019. Activity in the allowance is presented for the three months ended December 31, 2019 and 2018 and the fiscal year ended September 30, 2019. Construction and Development Commercial Consumer Residential Mortgage Residential and Commercial Land Commercial Real Estate Farmland Multi- Family Commercial and Industrial Other Home Equity Lines of Credit Second Mortgages Other Unallocated Total Allowance for loan losses: (In thousands) Three Months Ended December 31, 2019 Beginning Balance $ 1,364 $ 523 $ 20 $ 5,903 $ 49 $ 369 $ 615 $ 21 $ 122 $ 267 $ 23 $ 819 $ 10,095 Charge-offs - - - - - - - - - (2 ) - - (2 ) Recoveries - - - 1 - - - - - 6 - - 7 Provisions (82 ) 62 (2 ) 496 (11 ) (173 ) (151 ) 12 (21 ) (57 ) - (73 ) - Ending balance $ 1,282 $ 585 $ 18 $ 6,400 $ 38 $ 196 $ 464 $ 33 $ 101 $ 214 $ 23 $ 746 $ 10,100 Ending balance: individually evaluated for impairment $ - $ - $ - $ 1,682 $ - $ - $ - $ - $ - $ 98 $ - $ - $ 1,780 Ending balance: collectively evaluated for impairment $ 1,282 $ 585 $ 18 $ 4,718 $ 38 $ 196 $ 464 $ 33 $ 101 $ 116 $ 23 $ 746 $ 8,320 Loans receivable: Ending balance $ 234,738 $ 49,095 $ 3,625 $ 523,807 $ 7,563 $ 43,473 $ 99,494 $ 8,569 $ 18,372 $ 13,179 $ 2,160 $ 1,004,075 Ending balance: individually evaluated for impairment $ 3,527 $ - $ - $ 9,961 $ - $ - $ - $ - $ 29 $ 902 $ - $ 14,419 Ending balance: collectively evaluated for impairment $ 231,211 $ 49,095 $ 3,625 $ 513,846 $ 7,563 $ 43,473 $ 99,494 $ 8,569 $ 18,343 $ 12,277 $ 2,160 $ 989,656 Construction and Development Commercial Consumer Residential Mortgage Residential and Commercial Land Commercial Real Estate Farmland Multi- Family Real Estate Commercial and Industrial Other Home Equity Lines of Credit Second Mortgages Other Unallocated Total Allowance for loan losses: (In thousands) Three Months Ended December 31, 2018 Beginning Balance $ 1,062 $ 393 $ 49 $ 5,031 $ 66 $ 232 $ 443 $ 24 $ 82 $ 326 $ 51 $ 1,262 $ 9,021 Charge-offs (17 ) - - (1,223 ) - - - - - - (1 ) - (1,241 ) Recoveries - - - 3 - - 2 - - 8 1 - 14 Provisions 119 46 (4 ) 1,533 (2 ) 42 (12 ) 5 (3 ) 57 (7 ) (321 ) 1,453 Ending balance $ 1,164 $ 439 $ 45 $ 5,344 $ 64 $ 274 $ 433 $ 29 $ 79 $ 391 $ 44 $ 941 $ 9,247 Ending balance: individually evaluated for impairment $ - $ - $ - $ 338 $ - $ - $ - $ - $ - $ 179 $ 26 $ - $ 543 Ending balance: collectively evaluated for impairment $ 1,164 $ 439 $ 45 $ 5,006 $ 64 $ 274 $ 433 $ 29 $ 79 $ 212 $ 18 $ 941 $ 8,704 Loans receivable: Ending balance $ 202,306 $ 41,140 $ 7,180 $ 508,448 $ 12,054 $ 44,989 $ 76,892 $ 7,344 $ 14,484 $ 16,674 $ 1,915 $ 933,426 Ending balance: individually evaluated for impairment $ 3,627 $ - $ 72 $ 10,349 $ - $ - $ - $ - $ 34 $ 619 $ 26 $ 14,727 Ending balance: collectively evaluated for impairment $ 198,679 $ 41,140 $ 7,108 $ 498,099 $ 12,054 $ 44,989 $ 76,892 $ 7,344 $ 14,450 $ 16,055 $ 1,889 $ 918,699 Construction and Development Commercial Consumer Residential Mortgage Residential and Commercial Land Commercial Real Estate Farmland Multi- Family Commercial and Industrial Other Home Equity Lines of Credit Second Mortgages Other Unallocated Total Allowance for loan losses: (In thousands) Year Ended September 30, 2019 Beginning Balance $ 1,062 $ 393 $ 49 $ 5,031 $ 66 $ 232 $ 443 $ 24 $ 82 $ 326 $ 51 $ 1,262 $ 9,021 Charge-offs (17 ) - - (1,418 ) - - - - - (45 ) (37 ) - (1,517 ) Recoveries 79 - - 23 - - 4 - 1 94 11 - 212 Provisions 240 130 (29 ) 2,267 (17 ) 137 168 (3 ) 39 (108 ) (2 ) (443 ) 2,379 Ending balance $ 1,364 $ 523 $ 20 $ 5,903 $ 49 $ 369 $ 615 $ 21 $ 122 $ 267 $ 23 $ 819 $ 10,095 Ending balance: individually evaluated for impairment $ - $ - $ - $ 57 $ - $ - $ - $ - $ - $ 100 $ - $ - $ 157 Ending balance: collectively evaluated for impairment $ 1,364 $ 523 $ 20 $ 5,846 $ 49 $ 369 $ 615 $ 21 $ 122 $ 167 $ 23 $ 819 $ 9,938 Loans receivable: Ending balance $ 220,011 $ 40,346 $ 3,420 $ 543,452 $ 7,563 $ 62,884 $ 99,747 $ 4,450 $ 19,506 $ 13,737 $ 2,030 $ 1,017,146 Ending balance: individually evaluated for impairment $ 3,526 $ - $ - $ 9,707 $ - $ - $ - $ - $ 30 $ 728 $ - $ 13,991 Ending balance: collectively evaluated for impairment $ 216,485 $ 40,346 $ 3,420 $ 533,745 $ 7,563 $ 62,884 $ 99,747 $ 4,450 $ 19,476 $ 13,009 $ 2,030 $ 1,003,155 In assessing the adequacy of the ALLL, it is recognized that the process, methodology and underlying assumptions require a significant degree of judgment. The estimation of credit losses is not precise; the range of factors considered is wide and is significantly dependent upon management’s judgment, including the outlook and potential changes in the economic environment. The combination of the higher than normal decline in loan balances due to loan payoffs and competitive interest rate environment during the quarter coupled with historical loss levels decreasing caused a negative provision for loan loss for several loan segments offset by $500,000 provision related to commercial real estate segment affected allowance for loan loss balances related to loans collectively evaluated for impairment. Any unallocated portion of the allowance in conjunction with the quarterly review and changes to the qualitative factors to adjust for the risk due to current economic conditions reflects management’s estimate of probable inherent but undetected losses within the portfolio due to uncertainties in economic conditions, regulatory requirements, delays in obtaining information, including unfavorable information about a borrower’s financial condition, the difficulty in identifying triggering events that correlate perfectly to subsequent loss rates, and risk factors that have not yet manifested themselves in loss allocation factors. During the three months ended December 31, 2019, the Bank recorded a specific reserve related one of its performing troubled debt restructured (“TDR”), commercial real estate loans, based on updated borrowers’ information received in January 2020. As a result the Bank began to review the loan for modification of the existing structure. The property and loan are performing and have a positive payment history, in accordance with the loan terms. As the current modification is not yet finalized, the Bank has performed an updated impairment analysis on the loan and recorded a specific impairment of approximately The following table presents impaired loans in portfolio by class, segregated by those for which a specific allowance was required and those for which a specific allowance was not necessary, as of December 31, 2019 and September 30, 2019. Impaired Loans with Specific Allowance Impaired Loans with No Specific Allowance Total Impaired Loans Recorded Investment Related Allowance Recorded Investment Recorded Investment Unpaid Principal Balance (In thousands) December 31, 2019 Residential mortgage $ - $ - $ 3,527 $ 3,527 $ 3,723 Commercial: Commercial real estate 9,433 1,682 528 9,961 9,961 Consumer: Home equity lines of credit - - 29 29 32 Second mortgages 98 98 804 902 965 Total impaired loans $ 9,531 $ 1,780 $ 4,888 $ 14,419 $ 14,681 September 30, 2019 Residential mortgage $ - $ - $ 3,526 $ 3,526 $ 3,713 Commercial: Commercial real estate 9,176 57 531 9,707 9,707 Consumer: Home equity lines of credit - - 30 30 32 Second mortgages 123 100 605 728 790 Total impaired loans $ 9,299 $ 157 $ 4,692 $ 13,991 $ 14,242 The following table presents the average recorded investment in impaired loans in portfolio and related interest income recognized for the three months ended December 31, 2019 and 2018. Three Months Ended December 31, 2019 Average Impaired Loans Interest Income Recognized on Impaired Loans (In thousands) Residential mortgage $ 3,532 $ 22 Commercial: Commercial real estate 9,875 84 Consumer: Home equity lines of credit 29 - Second mortgages 845 9 Total $ 14,281 $ 115 Three Months Ended December 31, 2018 Average Impaired Loans Interest Income Recognized on Impaired Loans (In thousands) Residential mortgage $ 3,563 $ 27 Construction and Development: Land 73 1 Commercial: Commercial real estate 15,017 76 Consumer: Home equity lines of credit 45 - Second mortgages 625 2 Other 26 - Total $ 19,349 $ 106 The following table presents the classes of the loan portfolio summarized by loans considered to be rated as pass and the categories of special mention, substandard and doubtful within the Company’s internal risk rating systemas of December 31, 2019 and September 30, 2019. Pass Special Mention Substandard Doubtful Total (In thousands) December 31, 2019: Residential mortgage $ 231,106 $ - $ 3,632 $ - $ 234,738 Construction and Development: Residential and commercial 49,095 - - - 49,095 Land 3,625 - - - 3,625 Commercial: Commercial real estate 499,306 14,540 9,961 - 523,807 Farmland 7,563 - - - 7,563 Multi-family 43,074 399 - - 43,473 Commercial and industrial 99,365 - 129 - 99,494 Other 8,569 - - - 8,569 Consumer: Home equity lines of credit 18,253 - 119 - 18,372 Second mortgages 12,005 83 1,091 - 13,179 Other 2,160 - - - 2,160 Total $ 974,121 $ 15,022 $ 14,932 $ - $ 1,004,075 Pass Special Mention Substandard Doubtful Total (In thousands) September 30, 2019: Residential mortgage $ 216,376 $ - $ 3,635 $ - $ 220,011 Construction and Development: Residential and commercial 40,346 - - - 40,346 Land 3,420 - - - 3,420 Commercial: Commercial real estate 518,848 14,601 10,003 - 543,452 Farmland 7,563 - - - 7,563 Multi-family 62,483 401 - - 62,884 Commercial and industrial 99,613 - 134 - 99,747 Other 4,450 - - - 4,450 Consumer: Home equity lines of credit 19,385 - 121 - 19,506 Second mortgages 12,727 85 925 - 13,737 Other 2,030 - - - 2,030 Total $ 987,241 $ 15,087 $ 14,818 $ - $ 1,017,146 The following table presents loans that are no longer accruing interest by portfolio class. December 31, 2019 September 30, 2019 (In thousands) Non-accrual loans: Residential mortgage $ 1,541 $ 1,532 Consumer: Home equity lines of credit 29 30 Second mortgages 253 259 Total non-accrual loans $ 1,823 $ 1,821 Under the Bank’s loan policy, once a loan has been placed on non-accrual status, we do not resume interest accruals until the loan has been brought current and has maintained a current payment status for not less than six consecutive months. Interest income that would have been recognized on nonaccrual loans had they been current in accordance with their original terms was approximately $17,000 and $79,000 for the three months ended December 31, 2019 and December 31, 2018, respectively Management further monitors the performance and credit quality of the loan portfolio by analyzing the age of the portfolio as determined by whether a loan payment is “current;” that is, it is received from a borrower by the scheduled due date, or the length of time a scheduled payment is past due. The following table presents the classes of the loan portfolio summarized by the aging categories as of December 31, 2019 and September 30, 2019. Current 30-59 Days Past Due 60-89 Days Past Due 90 Days and More Past Due Total Past Due Total Loans Receivable Loans Receivable > 90 Days and Accruing (In thousands) December 31, 2019: Residential mortgage $ 231,647 $ 1,267 $ 1,536 $ 288 3,091 $ 234,738 $ 1 Construction and Development: Residential and commercial 49,095 - - - - 49,095 - Land 3,625 - - - - 3,625 - Commercial: Commercial real estate 523,325 315 167 - 482 523,807 - Farmland 7,563 - - - - 7,563 - Multi-family 43,473 - - - - 43,473 - Commercial and industrial 99,494 - - - - 99,494 - Other 8,569 - - - - 8,569 - Consumer: Home equity lines of credit 18,113 230 - 29 259 18,372 - Second mortgages 12,705 211 132 131 474 13,179 - Other 2,155 5 - - 5 2,160 - Total $ 999,764 $ 2,028 $ 1,835 $ 448 $ 4,311 $ 1,004,075 $ 1 Current 30-59 Days Past Due 60-89 Days Past Due Greater than 90 Days Past Due Total Past Due Total Loans Receivable Loans Receivable > 90 Days and Accruing (In thousands) September 30, 2019: Residential mortgage $ 219,062 $ 62 $ 381 $ 506 $ 949 $ 220,011 $ 207 Construction and Development: Residential and commercial 40,346 - - - - 40,346 - Land 3,420 - - - - 3,420 - Commercial: Commercial real estate 543,157 - - 295 295 543,452 295 Farmland 7,563 - - - - 7,563 - Multi-family 62,884 - - - - 62,884 - Commercial and industrial 99,247 500 - - 500 99,747 - Other 4,450 - - - - 4,450 - Consumer: Home equity lines of credit 19,506 - - - - 19,506 - Second mortgages 13,102 379 112 144 635 13,737 - Other 2,030 - - - - 2,030 - Total $ 1,014,767 $ 941 $ 493 $ 945 $ 2,379 $ 1,017,146 $ 502 Restructured loans deemed to be TDRs The Company had twenty-five and twenty-four loans classified as TDRs at December 31, 2019 and September 30, 2019, respectively, with an aggregate outstanding balance of $13.7 million and $13.3 million, respectively. At December 31, 2019, these loans were also classified as impaired. Twenty-one of the TDR loans continue to perform under the restructured terms through December 31, 2019 and we continued to accrue interest on such loans through such date. Loans that have been classified as TDRs have modified payment terms and in some cases interest rate from the original agreements and allowed the borrowers, who were experiencing financial difficulty, to make interest only payments for a period of time in order to relieve some of their overall cash flow burden. Some loan modifications classified as TDRs may not ultimately result in the full collection of principal and interest, as modified, and could result in potential incremental losses. These potential incremental losses have been factored into our overall estimate of the allowance for loan losses. The level of any defaults will likely be affected by future economic conditions. A default on a TDR loan for purposes of this disclosure occurs when the borrower is 90 days past due or a foreclosure or repossession of the applicable collateral has occurred. TDRs may arise in cases which, due to financial difficulties experienced by the borrower, the Company obtains through physical possession one or more collateral assets in satisfaction of all or part of an existing credit. Once possession is obtained, the Company reclassifies the appropriate portion of the remaining balance of the credit from loans to other real estate owned (“OREO”), which is included within other assets in the Consolidated Statements of Financial Condition. For any residential real estate property collateralizing a consumer mortgage loan, the Company is considered to possess the related collateral only if legal title is obtained upon completion of foreclosure, or the borrower conveys all interest in the residential real estate property to the Company through completion of a deed in lieu of foreclosure or similar legal agreement. Excluding OREO, the Company had $231,000 and $111,000 Total Troubled Debt Restructurings Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months Number of Loans Recorded Investment Number of Loans Recorded Investment (In thousands) December 31, 2019: Residential mortgage 17 $ 3,531 4 $ 1,071 Commercial: Commercial real estate 4 9,961 - - Consumer: Second mortgages 4 177 - - Total 25 $ 13,669 $ 4 $ 1,071 September 30, 2019: Residential mortgage 17 $ 3,372 4 $ 1,090 Commercial: Commercial real estate 3 9,707 - - Consumer: Second mortgages 4 181 - - Total 24 $ 13,260 4 $ 1,090 The following table reports the performing status of all TDR loans. The performing status is determined by a loan’s compliance with the modified terms. December 31, 2019 September 30, 2019 Performing Non-Performing Performing Non-Performing (In thousands) Residential mortgage $ 2,460 $ 1,071 $ 2,282 $ 1,090 Commercial: Commercial real estate 9,961 - 9,707 - Consumer: Second mortgages 177 - 181 - Total $ 12,598 $ 1,071 $ 12,170 $ 1,090 The following table shows the new TDRs for the three months ended December 31, 2019 and 2018. For the Three Months Ended December 31, 2019 2018 Number of Contracts Pre- Modifications Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment Number of Contracts Pre- Modifications Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment (In thousands) Troubled Debt Restructurings: Residential mortgage 1 $ 207 $ 207 4 $ 732 $ 726 Commercial: Commercial real estate 1 $ 295 $ 295 - $ - $ - Consumer: Second mortgages - $ - $ - 1 $ 80 $ 79 Total troubled debt restructurings 2 $ 502 $ 502 5 $ 812 $ 805

Regulatory Matters

Regulatory Matters	3 Months Ended
	Dec. 31, 2019
Banking And Thrift [Abstract]
Regulatory Matters	Note 8 - Regulatory Matters Shareholders’ Equity On March 14, 2019, the Company’s Board of Directors approved a stock repurchase plan, under which the Company is authorized to repurchase up to 194,516 shares, or approximately 2.5 percent of the Company’s current outstanding common stock. This authority extends through March 31, 2020 and may be exercised from time to time and in such amounts as market conditions warrant. The repurchases may be made on the open market, in block trades or otherwise. The program may be suspended or discontinued at any time. The Company did not purchase any shares of its common stock under the repurchase plan uring the three months ended December 31, 2019. Regulatory Capital Requirements 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 Company’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 classifications are also subject to qualitative judgments by the regulators about components, risk-weightings and other factors. In J l r iv U S r a a f a e d F r a a r r to l a J n 1 r a a b e b a a r r r m r r for r w R W A ratio b r a a a w r r r a a r a s e a a r r a a a r l r s F m Malvern a a r a of f iv J n 1 e a a a r m a a r a r J n 1 Quantitative measures established by regulation to ensure capital adequacy require the Bank to maintain minimum amounts and ratios (set forth in the table below) of tangible and core capital (as defined in the regulations) to total adjusted tangible assets (as defined) and of risk-based capital (as defined) to risk-weighted assets (as defined). As of December 31, 2019, the Company’s and the Bank’s current capital levels exceed the required capital amounts to be considered “well capitalized” and they also meet the fully-phased in minimum capital requirements, including the related capital conservation buffers, as required by the Basel III capital rules. The following table summarizes the Company’s compliance with applicable regulatory capital requirements as of December 31, 2019 and September 30, 2019: Actual For Capital Adequacy Purposes To be Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio Amount Ratio Amount Ratio (In thousands) As of December 31, 2019 Tier 1 Leverage (Core) Capital (to adjusted assets) $ 145,252 11.89 % $ 48,884 4.00 % $ 61,104 5.00 % Common Equity Tier 1 Capital (to risk weighted assets) 145,252 14.40 % 45,379 4.50 % 65,548 6.50 % Tier 1 Capital (to risk weighted assets) 145,252 14.40 % 60,505 6.00 % 80,674 8.00 % Total Risk Based Capital (to risk weighted assets) 180,085 17.86 % 80,674 8.00 % 100,842 10.00 % As of September 30, 2019 Tier 1 Leverage (Core) Capital (to adjusted assets) $ 142,508 11.38 % $ 50,091 4.00 % $ 62,614 5.00 % Common Equity Tier 1 Capital (to risk weighted assets) 142,508 14.30 % 44,838 4.50 % 64,766 6.50 % Tier 1 Capital (to risk weighted assets) 142,508 14.30 % 59,784 6.00 % 79,713 8.00 % Total Risk Based Capital (to risk weighted assets) 177,923 17.79 % 79,713 8.00 % 99,641 10.00 % The following table summarizes the Bank’s compliance with applicable regulatory capital requirements as of December 31, 2019 and September 30, 2019 : Actual For Capital Adequacy Purposes To be Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio Amount Ratio Amount Ratio (In thousands) As of December 31, 2019 Tier 1 Leverage (Core) Capital (to adjusted assets) $ 156,055 12.78 % $ 48,838 4.00 % $ 61,048 5.00 % Common Equity Tier 1 Capital (to risk weighted assets) 156,055 15.49 % 45,325 4.50 % 65,470 6.50 % Tier 1 Capital (to risk weighted assets) 156,055 15.49 % 60,434 6.00 % 80,578 8.00 % Total Risk Based Capital (to risk weighted assets) 166,229 16.50 % 80,578 8.00 % 100,723 10.00 % As of September 30, 2019 Tier 1 Leverage (Core) Capital (to adjusted assets) $ 153,086 12.23 % $ 50,055 4.00 % $ 62,569 5.00 % Common Equity Tier 1 Capital (to risk weighted assets) 153,086 15.38 % 44,788 4.50 % 64,694 6.50 % Tier 1 Capital (to risk weighted assets) 153,086 15.38 % 59,717 6.00 % 79,623 8.00 % Total Risk Based Capital (to risk weighted assets) 163,253 16.40 % 79,623 8.00 % 99,529 10.00 %

Derivatives and Hedging Activit

Derivatives and Hedging Activities	3 Months Ended
	Dec. 31, 2019
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Derivatives and Hedging Activities	Note 9 – Derivatives and Hedging Activities The Company is exposed to certain risks arising from both its business operations and economic conditions. The Company principally manages its exposures to a wide variety of business and operational risks through management of its core business activities. The Company manages economic risks, including interest rate, liquidity, and credit risk primarily by managing the amount, sources, and duration of its debt funding and the use of derivative financial instruments. Specifically, the Company enters into derivative financial instruments to manage exposures that arise from business activities that result in the payment of future uncertain cash amounts, the value of which are determined by interest rates. The Company’s objectives in using interest rate derivatives are to add stability to interest expense and to manage its exposure to interest rate movements. To accomplish this objective, the Company primarily uses interest rate swaps as part of its interest rate risk management strategy. Interest rate swaps designated as cash flow hedges involve the receipt of variable amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. The effective portion of changes in the fair value of derivatives designated and that qualify as cash flow hedges is recorded in accumulated other comprehensive income (loss) and is subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. At December 31, 2019, such derivatives were used to hedge the variable cash flows associated with FHLB advances. Amounts reported in accumulated other comprehensive income (loss) related to derivatives will be reclassified to interest expense as interest payments are made on the Company’s variable-rate debt. During the next twelve months, the Company estimates approximately $233,000 to be reclassified to earnings as an increase to interest expense. The Company is hedging its exposure to the variability in future cash flows for forecasted transactions over a maximum period of twenty months (excluding forecasted transactions related to the payment of variable interest on existing financial instruments). The Company executes interest rate swaps with commercial banking customers to facilitate their respective risk management strategies. Those interest rate swaps are simultaneously hedged by offsetting interest rate swaps that the Company executes with a third party, such that the Company minimizes its net risk exposure resulting from such transactions. These derivatives are not designated as hedges and are not speculative. Rather, these derivatives result from a service the Company provides to certain customers, which the Company implemented during the first quarter of fiscal 2019. As the interest rate swaps associated with this program do not meet the hedge accounting requirements, changes in the fair value of both the customer swaps and the offsetting swaps are recognized directly in earnings. The tables below present the fair value of the Company’s derivative financial instruments as well as their classification on the Consolidated Statements of Financial Condition as of December 31, 2019 and September 30, 2019: ` December 31, 2019 Asset derivatives Liability derivatives Notional Amount Fair Value Statement of Financial Condition Location Notional Amount Fair Value Statement of Financial Condition Location (In thousands) Derivatives designated as a hedging instrument: Interest rate swap agreement $ 35,000 $ 94 Other assets $ 30,000 $ 613 Other liabilities Derivatives not designated as a hedging instrument: Interest rate swap agreement $ 29,890 $ 3,696 Other assets $ 29,890 $ 3,698 Other liabilities September 30, 2019 Asset derivatives Liability derivatives Notional Amount Fair Value Statement of Financial Condition Location Notional Amount Fair Value Statement of Financial Condition Location (In thousands) Derivatives designated as a hedging instrument: Interest rate swap agreement $ 35,000 $ 126 Other assets $ 30,000 $ 736 Other liabilities Derivatives not designated as a hedging instrument: Interest rate swap agreement $ 29,916 $ 5,019 Other assets $ 29,916 $ 5,018 Other liabilities The tables below present the d erivative assets and liabilities offsetting as of December 31, 2019 and September 30, 2019: Offsetting of Derivative Assets (In thousands) as of December 31, 2019 Gross Amounts Not Offset in the Statements of Financial Condition Gross Amounts of Recognized Assets Gross Amounts Offset in the Statement of Financial Condition Net Amounts of Assets presented in the Statement of Financial Condition Financial Instruments Cash Collateral Received Net Amount Derivatives $ 3,790 $ - $ 3,790 $ 117 $ - $ 3,673 Offsetting of Derivative Liabilities (In thousands) as of December 31, 2019 Gross Amounts Not Offset in the Statements of Financial Condition Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Statement of Financial Condition Net Amounts of Liabilities presented in the Statement of Financial Condition Financial Instruments Cash Collateral Posted Net Amount Derivatives $ 4,311 $ - $ 4,311 $ 667 $ 2,754 $ 890 Offsetting of Derivative Assets (In thousands) as of September 30, 2019 Gross Amounts Not Offset in the Statements of Financial Condition Gross Amounts of Recognized Assets Gross Amounts Offset in the Statement of Financial Condition Net Amounts of Assets presented in the Statement of Financial Condition Financial Instruments Cash Collateral Received Net Amount Derivatives $ 5,145 $ - $ 5,145 $ 173 $ - $ 4,972 Offsetting of Derivative Liabilities (In thousands) as of September 30, 2019 Gross Amounts Not Offset in the Statements of Financial Condition Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Statement of Financial Condition Net Amounts of Liabilities presented in the Statement of Financial Condition Financial Instruments Cash Collateral Posted Net Amount Derivatives $ 5,754 $ - $ 5,754 $ 767 $ 2,754 $ 2,233 The tables below present the net gains (losses) recorded in accumulated other comprehensive income and the Consolidated Statements of Operations relating to the cash flow derivative instruments for the three months ended December 31, 2019 and 2018. Three Months Ended December 31, 2019 Amount of Gain Recognized in OCI on Derivative Amount of Loss Reclassified from OCI to Interest Expense (In thousands) Interest rate swap agreements $ 77 $ (14 ) Total derivatives 77 (14 ) Three Months Ended December 31, 2018 Amount of Loss Recognized in OCI on Derivative Amount of Gain Reclassified from OCI to Interest Expense (In thousands) Interest rate swap agreements $ (639 ) $ 71 Total derivatives (639 ) 71 The tables below present the effect of the Company’s derivative financial instruments on the Consolidated Statements of Operations for the three months ended December 31, 2019 and 2018. Three Months Ended December 31, 2019 Consolidated Statements of Operations Amount of Loss Recognized in Income on derivatives (In thousands) Derivatives not designated as a hedging instrument: Interest rate swap agreement Other income $ (3) Total $ (3) Three Months Ended December 31, 2018 Consolidated Statements of Operations Amount of Loss Recognized in Income on derivatives (In thousands) Derivatives not designated as a hedging instrument: Interest rate swap agreement Other income $ (1) Total $ (1) The Company has agreements with each of its derivative counterparties that contain a provision where if the Company defaults on any of its indebtedness, including default where repayment of the indebtedness has not been accelerated by the lender, then the Company could also be declared in default on its derivative obligations. At December 31, 2019 and September 30, 2019, the fair value of derivatives was in a net liability position, which includes accrued interest but excludes any adjustment for nonperformance risk, related to these agreements. There were no adjustments for nonperformance risk at December 31, 2019 and September 30, 2019.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Dec. 31, 2019
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 10 - Fair Value Measurements The Company follows FASB ASC Topic 820 Fair Value Measurement The Company groups its assets 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 the Company’s own estimates of assumptions that market participants would use in pricing the asset. 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. It is our policy to maximize the use of observable inputs and minimize the use of unobservable inputs when developing fair value measurements, in accordance with the fair value hierarchy. Fair value measurements for assets where there exists limited or no observable market data and, therefore, are based primarily upon the Company’s or other third-party’s estimates, are often calculated based on the characteristics of the asset, the economic and competitive environment and other factors. Therefore, the results cannot be determined with precision and may not be realized in an actual sale or immediate settlement of the asset. Additionally, there may be inherent weaknesses in any calculation technique, and changes in the underlying assumptions used, including discount rates and estimates of future cash flows, could significantly affect the results of current or future valuations. The Company monitors and evaluates available data to perform fair value measurements on an ongoing basis and recognizes transfers among the levels of the fair value hierarchy as of the date event or a change in circumstances that affects the valuation method chosen. There were no changes in valuation technique or transfers between levels at December 31, 2019 or September 30, 2019. The tables below present the balances of assets measured at fair value on a recurring basis as of December 31, 2019 and September 30, 2019: December 31, 2019 Total Level 1 Level 2 Level 3 (In thousands) Assets: Investment securities available for sale: Debt securities: U.S. government agencies $ 3,000 $ - $ 3,000 $ - State and municipal obligations 4,726 - 4,726 - Single issuer trust preferred security 934 - 934 - Corporate debt securities 13,565 - 13,565 - Mutual funds 1,498 - - 1,498 Total investment securities available for sale $ 23,723 $ - $ 22,225 $ 1,498 Derivative instruments $ 3,790 $ - $ 3,790 $ - Liabilities: Derivative instruments $ 4,311 $ - $ 4,311 $ - September 30, 2019 Total Level 1 Level 2 Level 3 (In thousands) Assets: Investment securities available for sale: Debt securities: U.S. government agencies $ 3,000 $ - $ 3,000 $ - State and municipal obligations 4,732 - 4,732 - Single issuer trust preferred security 923 - 923 - Corporate debt securities 9,506 - 9,506 - Mutual funds 250 - - 250 Total investment securities available for sale $ 18,411 $ - $ 18,161 $ 250 Derivative instruments $ 5,145 $ - $ 5,145 $ - Liabilities: Derivative Instruments 5,754 $ - $ 5,754 $ - For assets measured at fair value on a nonrecurring basis that were still held at the end of the period, the following tables provide the level of valuation assumptions used to determine each adjustment and the carrying value of the related individual assets or portfolios at December 31, 2019 and September 30, 2019: December 31, 2019 Total Level 1 Level 2 Level 3 (In thousands) Other real estate owned $ 5,796 $ - $ - $ 5,796 Impaired loans (1) 7,751 - - 7,751 Total $ 13,547 $ - $ - $ 13,547 December 31, 2019 Fair Value at December 31, 2019 Valuation Technique Unobservable Input Range/(Weighted Average) (In thousands) Other real estate owned $ 5,796 Appraisal of Collateral(2) Collateral discount(3) 0%/(0%) Impaired loans (1) 7,751 Appraisal of Collateral(2) Collateral discount(3) 6.9%-12.0%/(7.0%) Total $ 13,547 (1) C (2) Fair value is generally determined through independent appraisals of the underlying collateral primarily using comparable sales. ( 3 ) Appraisals may be adjusted by management for qualitative factors such as time, changes in economic conditions and estimated liquidation expense. September 30, 2019 Total Level 1 Level 2 Level 3 (In thousands) Other real estate owned $ 5,796 $ - $ - $ 5,796 Impaired loans (1) 9,142 - - 9,142 Total $ 14,938 $ - $ - $ 14,938 September 30, 2019 Fair Value at September 30, 2019 Valuation Technique Unobservable Input Range/(Weighted Average) (In thousands) Other real estate owned $ 5,796 Appraisal of Collateral(2) Collateral discount(3) 0%/(0%) Impaired loans (1) 9,142 Appraisal of Collateral(2) Collateral discount(3) 12%/(12%) Total $ 14,938 (1) Consisted of (2) Fair value is generally determined through independent appraisals of the underlying collateral primarily using comparable sales. ( 3 ) Appraisals may be adjusted by management for qualitative factors such as time, changes in economic conditions and estimated liquidation expense. At December 31, 2019 and September 30, 2019, the Company did not have any additions to our mortgage servicing assets. At December 31, 2019 the Company sold loans with servicing retained. At September 30, 2019, the Company only sold loans with servicing released. The following disclosure of the estimated fair value of financial instruments is made in accordance with the requirements of FASB ASC 825. The estimated fair value amounts have been determined by the Company using available market information and appropriate valuation methods. However, considerable judgment is necessarily required to interpret market data to develop the estimates of fair value. Accordingly, the estimates presented herein are not necessarily indicative of the amounts the Company would realize in a current market exchange. The use of different market assumptions and/or estimation methodologies may have a material effect on the estimated fair value amounts. FASB ASC 825 excludes certain financial instruments and all non-financial instruments from its disclosure requirements. Accordingly, the aggregate fair value amounts presented may not necessarily represent the underlying fair value of the Company . The fair value estimates presented herein are based on pertinent information available to management as of December 31, 2019 and September 30, 2019. Although management is not aware of any factors that would significantly affect the estimated fair value amounts, such amounts have not been comprehensively revalued for purposes of these financial statements since December 31, 2019 and, therefore, current estimates of fair value may differ significantly from the amounts presented herein. The following assumptions were used to estimate the fair value of the Company’s financial instruments: Cash and Cash Equivalents —These assets are carried at historical cost. The carrying amount is a reasonable estimate of fair value because of the relatively short time between the origination of the instrument and its expected realization . Investment Securities —Investment and mortgage-backed securities available for sale (carried at fair value) are measured at fair value on a recurring basis. Fair value measurements for these securities are typically obtained from independent pricing services that we have engaged for this purpose. When available, we, or our independent pricing service, use quoted market prices to measure fair value. If market prices are not available, fair value measurement is based upon models that incorporate available trade, bid and other market information and for structured securities, cash flow and, when available, loan performance data. Because many fixed income securities do not trade on a daily basis, our independent pricing service’s applications apply available information through processes such as benchmark curves, benchmarking of like securities, sector groupings and matrix pricing to prepare evaluations. For each asset class, pricing applications and models are based on information from market sources and integrate relevant credit information. All of our securities available for sale are valued using either of the foregoing methodologies to determine fair value adjustments recorded to our financial statements. Loans Receivable —We do not record loans at fair value on a recurring basis. As such, valuation techniques discussed herein for loans are primarily for estimating fair value for FASB ASC 825 disclosure purposes. However, from time to time, we record nonrecurring fair value adjustments to loans to reflect partial write-downs for impairment or the full charge-off of the loan carrying value. The valuation of impaired loans is discussed below. The fair value estimate for FASB ASC 825 purposes differentiates loans based on their financial characteristics, such as product classification, loan category, pricing features and remaining maturity. Prepayment and credit loss estimates are evaluated by loan type and rate. The fair value of loans is estimated by discounting contractual cash flows using discount rates based on current industry pricing, adjusted for prepayment and credit loss estimates. Impaired Loans —Impaired loans are valued utilizing independent appraisals that rely upon quoted market prices for similar assets in active markets. These appraisals include adjustments to comparable assets based on the appraisers’ market knowledge and experience. The appraisals are adjusted downward by management, as necessary, for changes in relevant valuation factors subsequent to the appraisal date and are considered Level 3 inputs . Accrued Interest Receivable —This asset is carried at historical cost. The carrying amount is a reasonable estimate of fair value because of the relatively short time between the origination of the instrument and its expected realization . Restricted Stock —Although restricted stock is an equity interest in the FHLB, it is carried at cost because it does not have a readily determinable fair value as its ownership is restricted and it lacks a market. The estimated fair value approximates the carrying amount. Other Real Estate Owned —Assets acquired through foreclosure or deed in lieu of foreclosure are recorded at estimated fair value less estimated selling costs when acquired, thus establishing a new cost basis. Fair value is generally based on independent appraisals. These appraisals include adjustments to comparable assets based on the appraisers’ market knowledge and experience, and are considered Level 3 inputs. When an asset is acquired, the excess of the loan balance over fair value, less estimated selling costs, is charged to the allowance for loan losses. If the estimated fair value of the asset declines, a write-down is recorded through expense. The valuation of foreclosed assets is subjective in nature and may be adjusted in the future because of, among other factors, changes in the economic conditions. Deposits —Deposit liabilities are carried at cost. As such, valuation techniques discussed herein for deposits are primarily for estimating fair value for FASB ASC 825 disclosure purposes. The fair value of deposits is discounted based on rates available for borrowings of similar maturities. A decay rate is estimated for non-time deposits. The discount rate for non-time deposits is adjusted for servicing costs based on industry estimates . Borrowings —Advances from the FHLB are carried at amortized cost. However, we are required to estimate the fair value of long-term debt under FASB ASC 825. The fair value is based on the contractual cash flows discounted using rates currently offered for new notes with similar remaining maturities. Subordinated Debt —The calculation of fair value in Level 2 is based on observable market values where available. Derivatives — The fair value of derivatives are based on valuation models using observable market data as of the measurement date (Level 2). Our derivatives are traded in an over-the-counter market where quoted market prices are not always available. Therefore, the fair values of derivatives are determined using quantitative models that utilize multiple market inputs. The inputs will vary based on the type of derivative, but could include interest rates, prices and indices to generate continuous yield or pricing curves, prepayment rate, and volatility factors to value the position. The majority of market inputs is actively quoted and can be validated through external sources, including brokers, market transactions and third-party pricing services . Accrued Interest Payable —This liability is carried at historical cost. The carrying amount is a reasonable estimate of fair value because of the relatively short time between the origination of the instrument and its expected realization. Commitments to Extend Credit and Letters of Credit — The majority of the Company’s commitments to extend credit and letters of credit carry current market interest rates if converted to loans and are not included in the table below. Because commitments to extend credit and letters of credit are generally unassignable by either the Bank or the borrower, they only have value to the Company and the borrower. The estimated fair value approximates the recorded deferred fee amounts, which are not significant. Mortgage Servicing Rights —The fair value of mortgage servicing rights is based on observable market prices when available or the present value of expected future cash flows when not available. Assumptions, such as loan default rates, costs to service, and prepayment speeds significantly affect the estimate of future cash flows. Mortgage servicing rights are carried at the lower of cost or fair value . The carrying amount and estimated fair value of the Company’s financial instruments as of December 31, 2019 and September 30, 2019 are presented below: December 31, 2019 Carrying Amount Fair Value Level 1 Level 2 Level 3 (In thousands) Financial assets: Cash and cash equivalents $ 159,802 $ 159,802 $ 159,802 $ - $ - Investment securities available-for-sale 23,723 23,723 - 22,225 1,498 Investment securities held-to-maturity 20,578 20,670 - 20,670 - Loans receivable, net (including impaired loans) 994,803 995,701 - - 995,701 Accrued interest receivable 4,061 4,061 - 4,061 - Restricted stock 11,115 11,115 - 11,115 - Mortgage servicing rights (included in Other Assets) 173 178 - 178 - Derivatives (included in Other Assets) 3,790 3,790 - 3,790 - Financial liabilities: Savings accounts 40,908 40,908 - 40,908 - Checking and NOW accounts 369,229 369,229 - 369,229 - Money market accounts 279,883 279,883 - 279,883 - Certificates of deposit 253,799 256,730 - 256,730 - Borrowings (excluding sub debt) 133,000 133,489 - 133,489 - Subordinated debt 24,658 24,827 - 24,827 - Derivatives (included in Other Liabilities) 4,311 4,311 - 4,311 - Accrued interest payable 1,271 1,271 - 1,271 - September 30, 2019 Carrying Amount Fair Value Level 1 Level 2 Level 3 (In thousands) Financial assets: Cash and cash equivalents $ 153,543 $ 153,543 $ 153,543 $ - $ - Investment securities available-for-sale 18,411 18,411 - 18,161 250 Investment securities held-to-maturity 22,485 22,609 - 22,609 - Loans receivable, net (including impaired loans) 1,007,714 1,010,442 - - 1,010,442 Accrued interest receivable 4,253 4,253 - 4,253 - Restricted stock 11,129 11,129 - 11,129 - Mortgage servicing rights (included in Other Assets) 178 178 - 178 - Derivatives (included in Other Assets) 5,145 5,145 - 5,145 - Financial liabilities: Savings accounts 41,875 41,875 - 41,875 - Checking and NOW accounts 357,723 357,723 - 357,723 - Money market accounts 276,644 276,644 - 276,644 - Certificates of deposit 277,569 280,024 - 280,024 - Borrowings (excluding sub debt) 133,000 133,545 - 133,545 - Subordinated debt 24,619 24,471 - 24,471 - Derivatives (included in Other Liabilities) 5,754 5,754 - 5,754 - Accrued interest payable 978 978 - 978 -

Comprehensive Income (Loss)

Comprehensive Income (Loss)	3 Months Ended
	Dec. 31, 2019
Equity [Abstract]
Comprehensive Income (Loss)	Note 11 – Comprehensive Income (Loss) The components of accumulated other comprehensive loss included in shareholders’ equity are as follows: December 31, 2019 September 30, 2019 (In thousands) Net unrealized holding losses on available-for-sale securities $ (38 ) $ (111 ) Tax effect 8 24 Net of tax amount (30 ) (87 ) Fair value adjustments on derivatives (519 ) (610 ) Tax effect 109 128 Net of tax amount (410 ) (482 ) Total accumulated other comprehensive loss $ (440 ) $ (569 ) Other comprehensive income (loss) and related tax effects are presented in the following table: Three Months Ended December 31, 2019 2018 (In thousands) Net unrealized holding gains (losses) on available-for-sale securities $ 71 $ (33 ) Amortization of unrealized holding losses on securities transferred from available-for-sale to held-to-maturity 1 2 Fair value adjustments on derivatives 91 (710 ) Other comprehensive income (loss) before taxes 163 (741 ) Tax effect (34 ) 156 Total comprehensive income (loss) $ 129 $ (585 )

Equity Based Incentive Compensa

Equity Based Incentive Compensation Plan	3 Months Ended
	Dec. 31, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Equity Based Incentive Compensation Plan	Note 12 – Equity Based Incentive Compensation Plan The Company maintains the Malvern Bancorp, Inc. 2014 Long-Term Incentive Compensation Plan (the “2014 Plan”), which permits the grant of long-term incentive and other stock and cash awards. The purpose of the 2014 Plan is to promote the success of the Company and the Bank by providing incentives to officers, employees and directors of the Company and the Bank that will link their personal interests to the financial success of the Company and to growth in shareholder value. The maximum total number of shares of the Company’s common stock available for grants under the 2014 Plan is 400,000. As of December 31, 2019, there were 347,708 remaining shares available for future grants. Restricted stock and option awards granted vest in 20% increments beginning on the one year anniversary of the grant date, and accelerate upon a change in control of the Company. The options generally expire ten years from the date of grant. All issuances are subject to forfeiture if the recipient leaves or is terminated prior to the award’s vesting. Shares of restricted stock have the same dividend and voting rights as common stock while options do not. All awards are issued at fair value of the underlying shares at the grant date. The Company expenses the cost of the awards, which is determined to be the fair market value of the awards at the date of grant. The Company did not grant any stock options during the three months ended December 31, 2019 and December 31, 2018. Total compensation expense related to stock options granted under the 2014 Plan was approximately $6,000 and $1,000 for the three months ended December 31, 2019 and December 31, 2018, respectively. During the three months ended December 31, 2019 and December 31, 2018 a total of 1,764 and 3,238 restricted shares were awarded, respectively. During the three months ended December 31, 2019 a total of 1,610 shares were forfeited. No shares were forfeited during the three months ended December 31, 2018. The compensation expense related to restricted stock awards was approximately $26,000 and $13,000 during the three months ended December 31, 2019 and December 31, 2018, respectively. Stock-based compensation expense for the cost of the awards granted is based on the grant-date fair value. For stock option awards, the fair value is estimated at the date of grant using the Black-Scholes option-pricing model. This model requires the input of highly subjective assumptions, changes to which can materially affect the fair value estimate. Additionally, there may be other factors that would otherwise have a significant effect on the value of employee stock options granted but are not considered by the model. Accordingly, while management believes that the Black-Scholes option-pricing model provides a reasonable estimate of fair value, the model does not necessarily provide the best single measure of fair value for the Company’s employee stock options. Stock Options The following is a summary of stock option activity for the three months ended December 31, 2019: Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term (In Years) Aggregate Intrinsic Value Outstanding, beginning of year 18,830 $ 22.05 $ 21,350 Granted - $ - $ - Exercised - $ - $ - Forfeited/cancelled/expired - $ - $ - Outstanding, end of year 18,830 $ 22.05 7.979 $ 37,730 Exercisable, end of year 5,540 $ 22.12 7.343 $ 12,664 Nonvested, at end of year 13,290 $ 22.02 As of December 31, 2019, there was approximately $74,000 of total unrecognized compensation cost related to nonvested options under the Plan. The cost is expected to be recognized over a weighted average period of 3.23 years. Restricted Stock Awards The table below summarizes the activity for the Company’s restricted stock outstanding during the three months ended December 31, 2019: Shares Weighted Average Fair Value Outstanding, beginning of year 18,493 $ 21.78 Granted 1,764 $ 23.07 Vested 1,891 $ 21.17 Forfeited/cancelled/expired 1,610 $ 21.43 Outstanding, end of year 16,756 $ 22.01 As of December 31, 2019, there was approximately $347,000 of total unrecognized compensation cost related to nonvested shares of restricted stock granted under the Plan. The cost is expected to be recognized over a weighted average period of 3.47 years.

Deposits

Deposits	3 Months Ended
	Dec. 31, 2019
Deposits [Abstract]
Deposits	Note 13 – Deposits Deposits classified by type with percentages to total deposits at December 31, 2019 and September 30, 2019 consisted of the following: December 31, September 30, 2019 2019 (In thousands) Balances by types of deposit: Savings $ 40,908 4.33 % $ 41,875 4.39 % Money market accounts 279,883 29.65 % 276,644 29.00 % Interest bearing demand 327,956 34.76 % 302,039 31.67 % Non-interest bearing demand 41,273 4.37 % 55,684 5.84 % 690,020 73.11 % 676,242 70.90 % Certificates of deposit 253,799 26.89 % 277,569 29.10 % Total Deposits $ 943,819 100.00 % $ 953,811 100.00 % The total amount of certificates of deposit of $250,000 and greater at December 31, 2019 and September 30, 2019 was $75.4 million and $63.5 million, respectively. We had brokered deposits totaling $30.2 million and $73.1 million at December 31, 2019 and September 30, 2019, respectively. Interest expense on deposits consisted of the following for the three months ended: December 31, 2019 2018 (In thousands) Savings accounts $ 11 $ 10 Money market accounts 1,098 1,074 Interest bearing demand 1,181 643 Certificates of deposit 1,447 1,217 Total $ 3,737 $ 2,944 The following is a schedule of certificates of deposit maturities. December 31, 2019 (In thousands) 2020 $ 175,961 2021 48,694 2022 7,899 2023 8,402 2024 8,624 Thereafter 4,219 Total $ 253,799

Leases

Leases	3 Months Ended
	Dec. 31, 2019
Leases [Abstract]
Leases	Note 14 – Leases The Company determines if an arrangement is a lease at inception. Operating leases are included in operating lease ROU assets and operating lease liabilities on our consolidated balance sheets. ROU assets and operating lease liabilities are recognized based on the present value of the future lease payments over the lease term at commencement date. As our leases do not provide an implicit rate, in order to determine the present value of future payments for office leases we used our incremental borrowing rate based on the FHLB liquidity and funding rates. Our lease terms may include options to extend when it is reasonably certain that we will exercise that option. Lease expense for minimum lease payments is recognized on a straight-line basis over the lease term. As of December 31, 2019, the Company leases a financial center in Glen Mills, Pennsylvania and private banking offices in Villanova, West Chester and Quakertown, Pennsylvania; one private banking office in New Castle County located in Montchanin, Delaware; one private banking office in Morris County located in Morristown, New Jersey; one private banking office in Palm Beach County located in Palm Beach, Florida; one representative office located in Wellington, Florida; and one representative office in Allentown, Pennsylvania. The components of lease expense were as follows: Three Months Ended December 31, 2019 2018 (In thousands) Operating lease cost $ 175 $ 116 Finance lease cost - - Short-term lease cost 25 15 Total $ 200 $ 131 Supplemental information related to leases was as follows: December 31, 2019 (Dollars in thousands) Supplemental balance sheet information Operating lease right-of-use assets $ 3,119 Operating lease liabilities $ 3,128 Weighted average remaing lease term 5.93 years Weighted average discount rate 1.98 % Three Months Ended December 31, 2019 (In thousands) Supplemental cash flow information Operating cash flows from operating leases $ 166 ROU assets obtained in exchange for lease obligations $ 3,279 Maturities of lease liabilities were as follows: Operating Leases (In thousands) Period Ending September 30: Remainder of 2020 $ 509 2021 601 2022 492 2023 474 2024 474 Thereafter 746 Total lease payments $ 3,296 Less: imputed interest (168 ) Total $ 3,128

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Basis of financial statement presentation	Basis of financial statement presentation. The unaudited condensed consolidated financial statements of the Company include the accounts of the Company and its subsidiaries . All significant intercompany accounts and transactions have been eliminated in consolidation. The accompanying unaudited condensed consolidated financial statements present the Company’s financial position at December 31, 2019 and September 30, 2019 and the results of operations for the three months ended December 31, 2019 and 2018, and cash flows for the three months ended December 31, 2019 and 2018. In management’s opinion, the unaudited condensed consolidated financial statements contain all adjustments, which include normal and recurring adjustments, necessary for a fair presentation of the financial position and results of operations as of the dates and for the interim periods presented. These unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and note disclosures included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on December 16, 2019 (the “2019 Annual Report”). The consolidated statements of operations for the three months ended December 31, 2019 and the consolidated statements of cash flows for the three months ended December 31, 2019 are not necessarily indicative of the results of operations or cash flows for the full year ending September 30, 2020 or any interim period.
Leases	Leases The Company accounts for our leases in accordance with ASC 842 - Leases As a lessee, the Company enters into operating leases for certain bank branches, office space, and office equipment. The right-of-use assets and lease liabilities are initially recognized based on the net present value of the remaining lease payments which include renewal options where management is reasonably certain they will be exercised. The net present value is determined using the incremental borrowing rate based on the Federal Home Loan Bank (“FHLB”)
Recently Issued Accounting Pronouncements	Recently Issued Income Taxes. In December 2019, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2019-12, Income Taxes (Topic 740). This ASU identifies, evaluates, and improves areas of general accepted accounting principles for which cost and complexity can be reduced while maintaining or improving the usefulness of the information provided to users of financial statements. The ASU is effective for fiscal years beginning after December 15, 2021, with early adoption permitted. The adoption of this new requirement is not expected to have a material impact on the consolidated earnings, financial position or cash flows of the Company. Credit Losses. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments . This ASU requires an organization to measure all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. Many of the loss estimation techniques applied currently will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses. Organizations will continue to use judgment to determine which loss estimation method is appropriate for their circumstances. Additionally, this ASU amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. In April 2019, the FASB issued ASU 2019-04, Codification Improvements , which provides guidance on accounting for credit losses on accrued interest receivable balances and guidance on including recoveries when estimating the allowance. In May 2019, the FASB issued ASU 2019-05, Targeted Transition Relief, which allows entities with an option to elect fair value for certain instruments upon adoption of Topic 326. This ASU will be effective for interim and annual periods beginning after December 15, 2019, with early adoption permitted . The Bank has a software system in place to assist with the calculation of Current Expected Credit Losses (“CECL”). The Company formed a cross functional implementation team to review the requirements of ASU 2016-13 and contracted with a third-party provider to assist in the development and implementation of the revised credit loss methodology. The impacts on the consolidated earnings, financial position and cash flows of the Company, upon adoption of this ASU are currently unknown. On October 16, 2019, the FASB approved its August 2019 proposal to delay the effective date for adopting credit losses CECL standard for certain small reporting companies and private companies/ not-for-profit organizations to January 2023. In November 2019, the FASB issued ASU No. 2019-10, Financial Instruments-Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842) making this ASU effective for interim and annual periods beginning after December 15, 2022. As such the Company would be required to implement the ASU on October 1, 2023. In November 2019, the FASB issued ASU No. 2019-11, Codification Improvements to Topic 326, Financial Instruments-Credit Losses, which provides guidance on stakeholders’ specific issues about certain aspects of the amendments in ASU 2016-13. Leases . In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) to increase transparency and comparability among organizations recognizing lease assets and lease liabilities on the balance sheet. This ASU will require lessees to recognize a right-of-use (“ROU”) asset for its right to use the underlying asset and a lease liability for the corresponding lease obligation for leases with terms of more than twelve months. Accounting by lessors will remain largely unchanged from current U.S. GAAP. This ASU also requires expanded quantitative and qualitative disclosures for both lessees and lessors. In July 2018, the FASB issued ASU 2018-11, Leases (Topic 842): Targeted Improvements, which provides entities with an additional (and optional) transition method in which the entity applies the new leases standard at the adoption date and recognizes a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. The Company has applied the new transition method upon adoption. In December 2018, the FASB issued ASU 2018-20, Leases (Topic 842): Narrow Scope Improvements for Lessors, which clarifies the treatment of sales taxes and other taxes collected from lessees, lessor costs paid directly by lessees, and recognition of variable payments for contracts with lease and non-lease components. In March 2019, the FASB issued ASU 2019-01, Leases (Topic 842): Codification Improvements, which aligned the new lease guidance with the existing guidance for fair value of the underlying asset by lessors that are not manufacturers or dealers. It also clarified an exemption for lessors and lessees from a certain interim disclosure requirement associated with adopting the board’s new lease accounting standard. The Company adopted the guidance in these ASUs on October 1, 2019 and will not restate comparative periods. As a result, the Company recorded right-of-use assets and related lease liabilities of $3.3 million at October 1, 2019. At December 31, 2019 the Company had right-of-use assets and related lease liabilities of $3.1 million.

Non-Interest Income (Tables)

Non-Interest Income (Tables)	3 Months Ended
	Dec. 31, 2019
Noninterest Income [Abstract]
Schedule of Company's Other Income	The Company has included the following table regarding the Company’s other income for the periods presented. Three Months Ended December 31, 2019 2018 (In thousands) Rental income $ 54 $ 67 Net gains on sale of loans 3 18 Earnings on bank-owned life insurance 127 121 Other income within the scope of other GAAP topics 184 206 ATM fees 2 1 Credit card fee income 6 6 DDA fee income 30 37 DDA service fees 19 19 Debit card fees 66 60 Other loan fee income 77 764 Other fee income 57 52 Other non-interest income 2 1 Other income from contracts with customers $ 259 $ 940 Total Other Income $ 443 $ 1,146

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Dec. 31, 2019
Earnings Per Share [Abstract]
Schedule of composition of weighted average shares (denominator) used in earnings per share computations	The following table sets forth the composition of the weighted average shares (denominator) used in the earnings per share computations. Three Months Ended December 31, 2019 2018 (In thousands, except share data) Net Income $ 2,502 $ 2,011 Weighted average shares outstanding 7,764,383 7,668,751 Average unearned ESOP shares (98,541 ) (112,941 ) Basic weighted average shares outstanding 7,665,842 7,555,810 Plus: effect of potential dilutive common stock equivalents - stock options - 159 Diluted weighted average common shares outstanding 7,665,842 7,555,969 Earnings per common share: Basic $ 0.33 $ 0.27 Diluted $ 0.33 $ 0.27

Investment Securities (Tables)

Investment Securities (Tables)	3 Months Ended
	Dec. 31, 2019
Investments Debt And Equity Securities [Abstract]
Schedule of Investment securities	The following tables present information related to the Company’s investment securities at December 31, 2019 and September 30, 2019. December 31, 2019 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In thousands) Investment Securities Available-for-Sale: U.S. government agencies $ 3,000 $ - $ - $ 3,000 State and municipal obligations 4,710 16 - 4,726 Single issuer trust preferred security 1,000 - (66 ) 934 Corporate debt securities 13,551 199 (185 ) 13,565 Mutual fund 1,500 - (2 ) 1,498 Total $ 23,761 $ 215 $ (253 ) $ 23,723 Investment Securities Held-to-Maturity: State and municipal obligations $ 4,488 $ 79 $ - $ 4,567 Corporate debt securities 3,581 158 - 3,739 Mortgage-backed securities: Collateralized mortgage obligations ("CMO"), fixed-rate 12,509 4 (149 ) 12,364 Total $ 20,578 $ 241 $ (149 ) $ 20,670 Total investment securities $ 44,339 $ 456 $ (402 ) $ 44,393 September 30, 2019 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In thousands) Investment Securities Available-for-Sale: U.S. government agencies $ 3,000 $ - $ - $ 3,000 State and municipal obligations 4,715 17 - 4,732 Single issuer trust preferred security 1,000 - (77 ) 923 Corporate debt securities 9,557 181 (232 ) 9,506 Mutual fund 250 - - 250 Total $ 18,522 $ 198 $ (309 ) $ 18,411 Investment Securities Held-to-Maturity: U.S. government agencies $ 1,000 $ - $ - $ 1,000 State and municipal obligations 4,515 75 - 4,590 Corporate debt securities 3,608 182 - 3,790 Mortgage-backed securities: CMO, fixed-rate 13,362 3 (136 ) 13,229 Total $ 22,485 $ 260 $ (136 ) $ 22,609 Total investment securities $ 41,007 $ 458 $ (445 ) $ 41,020
Schedule of aggregate investments in an unrealized loss position	The following tables indicate gross unrealized losses not recognized in income and fair value, aggregated by investment category, and the length of time individual securities have been in a continuous unrealized loss position at December 31, 2019 and September 30, 2019 : December 31, 2019 Less than 12 Months More than 12 Months Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses (In thousands) Investment Securities Available for Sale: Single issuer trust preferred security $ - $ - $ 934 $ (66 ) $ 934 $ (66 ) Corporate debt securities - - 3,315 (185 ) 3,315 (185 ) Mutual fund - - 998 (2 ) 998 (2 ) Total $ - $ - $ 5,247 $ (253 ) $ 5,247 $ (253 ) Investment Securities Held-to-Maturity: Mortgage-backed securities: CMO, fixed-rate $ 1,513 $ (4 ) $ 10,170 $ (145 ) $ 11,683 $ (149 ) Total $ 1,513 $ (4 ) $ 10,170 $ (145 ) $ 11,683 $ (149 ) Total investment securities $ 1,513 $ (4 ) $ 15,417 $ (398 ) $ 16,930 $ (402 ) September 30, 2019 Less than 12 Months More than 12 Months Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses (In thousands) Investment Securities Available for Sale: Single issuer trust preferred security $ - $ - $ 923 $ (77 ) $ 923 $ (77 ) Corporate debt securities - - 3,268 (232 ) 3,268 (232 ) Total $ - $ - $ 4,191 $ (309 ) $ 4,191 $ (309 ) Investment Securities Held-to-Maturity: Mortgage-backed securities: CMO, fixed-rate $ 1,315 $ (4 ) $ 10,894 $ (132 ) $ 12,209 $ (136 ) Total $ 1,315 $ (4 ) $ 10,894 $ (132 ) $ 12,209 $ (136 ) Total investment securities $ 1,315 $ (4 ) $ 15,085 $ (441 ) $ 16,400 $ (445 )
Schedule of amortized cost and fair value of debt securities by contractual maturity	The following table presents information for investment securities at December 31, 2019, based on scheduled maturities. Actual maturities can be expected to differ from scheduled maturities due to prepayment or early call options of the issuer. Amortized Cost Fair Value (In thousands) Available-for-Sale: Within 1 year $ 1,534 $ 1,539 Over 1 year through five years 6,254 6,282 After 5 years through ten years 14,973 14,904 Over 10 years 1,000 998 Total $ 23,761 $ 23,723 Held-to-Maturity: Over 1 year through five years $ 3,582 $ 3,739 After 5 years through ten years 1,819 1,898 Over 10 years 2,668 2,669 Mortgage-backed securities: CMO, fixed-rate 12,509 12,364 Total $ 20,578 $ 20,670 Total investment securities $ 44,339 $ 44,393

Loans Receivable and Related _2

Loans Receivable and Related Allowance for Loan Losses (Tables)	3 Months Ended
	Dec. 31, 2019
Receivables [Abstract]
Schedule of loans receivable	Loans receivable in the Company’s portfolio (which does not include loans held for sale, except as noted below) consisted of the following at the dates indicated below: December 31, 2019 September 30, 2019 (In thousands) Residential mortgage $ 234,738 $ 220,011 Construction and Development: Residential and commercial 49,095 40,346 Land 3,625 3,420 Total Construction and Development 52,720 43,766 Commercial: Commercial real estate 523,807 543,452 Farmland 7,563 7,563 Multi-family 43,473 62,884 Commercial and industrial 99,494 99,747 Other 8,569 4,450 Total Commercial 682,906 718,096 Consumer: Home equity lines of credit 18,372 19,506 Second mortgages 13,179 13,737 Other 2,160 2,030 Total Consumer 33,711 35,273 Total loans 1,004,075 1,017,146 Deferred loan fees and costs, net 828 663 Allowance for loan losses (10,100 ) (10,095 ) Total loans receivable, net $ 994,803 $ 1,007,714
Schedule of allowance for loan losses	The following tables summarize the primary classes of the allowance for loan losses (“ALLL”), segregated into the amount required for loans individually evaluated for impairment and the amount required for loans collectively evaluated for impairment, as of December 31, 2019 and September 30, 2019. Activity in the allowance is presented for the three months ended December 31, 2019 and 2018 and the fiscal year ended September 30, 2019. Construction and Development Commercial Consumer Residential Mortgage Residential and Commercial Land Commercial Real Estate Farmland Multi- Family Commercial and Industrial Other Home Equity Lines of Credit Second Mortgages Other Unallocated Total Allowance for loan losses: (In thousands) Three Months Ended December 31, 2019 Beginning Balance $ 1,364 $ 523 $ 20 $ 5,903 $ 49 $ 369 $ 615 $ 21 $ 122 $ 267 $ 23 $ 819 $ 10,095 Charge-offs - - - - - - - - - (2 ) - - (2 ) Recoveries - - - 1 - - - - - 6 - - 7 Provisions (82 ) 62 (2 ) 496 (11 ) (173 ) (151 ) 12 (21 ) (57 ) - (73 ) - Ending balance $ 1,282 $ 585 $ 18 $ 6,400 $ 38 $ 196 $ 464 $ 33 $ 101 $ 214 $ 23 $ 746 $ 10,100 Ending balance: individually evaluated for impairment $ - $ - $ - $ 1,682 $ - $ - $ - $ - $ - $ 98 $ - $ - $ 1,780 Ending balance: collectively evaluated for impairment $ 1,282 $ 585 $ 18 $ 4,718 $ 38 $ 196 $ 464 $ 33 $ 101 $ 116 $ 23 $ 746 $ 8,320 Loans receivable: Ending balance $ 234,738 $ 49,095 $ 3,625 $ 523,807 $ 7,563 $ 43,473 $ 99,494 $ 8,569 $ 18,372 $ 13,179 $ 2,160 $ 1,004,075 Ending balance: individually evaluated for impairment $ 3,527 $ - $ - $ 9,961 $ - $ - $ - $ - $ 29 $ 902 $ - $ 14,419 Ending balance: collectively evaluated for impairment $ 231,211 $ 49,095 $ 3,625 $ 513,846 $ 7,563 $ 43,473 $ 99,494 $ 8,569 $ 18,343 $ 12,277 $ 2,160 $ 989,656 Construction and Development Commercial Consumer Residential Mortgage Residential and Commercial Land Commercial Real Estate Farmland Multi- Family Real Estate Commercial and Industrial Other Home Equity Lines of Credit Second Mortgages Other Unallocated Total Allowance for loan losses: (In thousands) Three Months Ended December 31, 2018 Beginning Balance $ 1,062 $ 393 $ 49 $ 5,031 $ 66 $ 232 $ 443 $ 24 $ 82 $ 326 $ 51 $ 1,262 $ 9,021 Charge-offs (17 ) - - (1,223 ) - - - - - - (1 ) - (1,241 ) Recoveries - - - 3 - - 2 - - 8 1 - 14 Provisions 119 46 (4 ) 1,533 (2 ) 42 (12 ) 5 (3 ) 57 (7 ) (321 ) 1,453 Ending balance $ 1,164 $ 439 $ 45 $ 5,344 $ 64 $ 274 $ 433 $ 29 $ 79 $ 391 $ 44 $ 941 $ 9,247 Ending balance: individually evaluated for impairment $ - $ - $ - $ 338 $ - $ - $ - $ - $ - $ 179 $ 26 $ - $ 543 Ending balance: collectively evaluated for impairment $ 1,164 $ 439 $ 45 $ 5,006 $ 64 $ 274 $ 433 $ 29 $ 79 $ 212 $ 18 $ 941 $ 8,704 Loans receivable: Ending balance $ 202,306 $ 41,140 $ 7,180 $ 508,448 $ 12,054 $ 44,989 $ 76,892 $ 7,344 $ 14,484 $ 16,674 $ 1,915 $ 933,426 Ending balance: individually evaluated for impairment $ 3,627 $ - $ 72 $ 10,349 $ - $ - $ - $ - $ 34 $ 619 $ 26 $ 14,727 Ending balance: collectively evaluated for impairment $ 198,679 $ 41,140 $ 7,108 $ 498,099 $ 12,054 $ 44,989 $ 76,892 $ 7,344 $ 14,450 $ 16,055 $ 1,889 $ 918,699 Construction and Development Commercial Consumer Residential Mortgage Residential and Commercial Land Commercial Real Estate Farmland Multi- Family Commercial and Industrial Other Home Equity Lines of Credit Second Mortgages Other Unallocated Total Allowance for loan losses: (In thousands) Year Ended September 30, 2019 Beginning Balance $ 1,062 $ 393 $ 49 $ 5,031 $ 66 $ 232 $ 443 $ 24 $ 82 $ 326 $ 51 $ 1,262 $ 9,021 Charge-offs (17 ) - - (1,418 ) - - - - - (45 ) (37 ) - (1,517 ) Recoveries 79 - - 23 - - 4 - 1 94 11 - 212 Provisions 240 130 (29 ) 2,267 (17 ) 137 168 (3 ) 39 (108 ) (2 ) (443 ) 2,379 Ending balance $ 1,364 $ 523 $ 20 $ 5,903 $ 49 $ 369 $ 615 $ 21 $ 122 $ 267 $ 23 $ 819 $ 10,095 Ending balance: individually evaluated for impairment $ - $ - $ - $ 57 $ - $ - $ - $ - $ - $ 100 $ - $ - $ 157 Ending balance: collectively evaluated for impairment $ 1,364 $ 523 $ 20 $ 5,846 $ 49 $ 369 $ 615 $ 21 $ 122 $ 167 $ 23 $ 819 $ 9,938 Loans receivable: Ending balance $ 220,011 $ 40,346 $ 3,420 $ 543,452 $ 7,563 $ 62,884 $ 99,747 $ 4,450 $ 19,506 $ 13,737 $ 2,030 $ 1,017,146 Ending balance: individually evaluated for impairment $ 3,526 $ - $ - $ 9,707 $ - $ - $ - $ - $ 30 $ 728 $ - $ 13,991 Ending balance: collectively evaluated for impairment $ 216,485 $ 40,346 $ 3,420 $ 533,745 $ 7,563 $ 62,884 $ 99,747 $ 4,450 $ 19,476 $ 13,009 $ 2,030 $ 1,003,155
Schedule of impaired loans	The following table presents impaired loans in portfolio by class, segregated by those for which a specific allowance was required and those for which a specific allowance was not necessary, as of December 31, 2019 and September 30, 2019. Impaired Loans with Specific Allowance Impaired Loans with No Specific Allowance Total Impaired Loans Recorded Investment Related Allowance Recorded Investment Recorded Investment Unpaid Principal Balance (In thousands) December 31, 2019 Residential mortgage $ - $ - $ 3,527 $ 3,527 $ 3,723 Commercial: Commercial real estate 9,433 1,682 528 9,961 9,961 Consumer: Home equity lines of credit - - 29 29 32 Second mortgages 98 98 804 902 965 Total impaired loans $ 9,531 $ 1,780 $ 4,888 $ 14,419 $ 14,681 September 30, 2019 Residential mortgage $ - $ - $ 3,526 $ 3,526 $ 3,713 Commercial: Commercial real estate 9,176 57 531 9,707 9,707 Consumer: Home equity lines of credit - - 30 30 32 Second mortgages 123 100 605 728 790 Total impaired loans $ 9,299 $ 157 $ 4,692 $ 13,991 $ 14,242
Schedule of average recorded investment in impaired loans and related interest income recognized	The following table presents the average recorded investment in impaired loans in portfolio and related interest income recognized for the three months ended December 31, 2019 and 2018. Three Months Ended December 31, 2019 Average Impaired Loans Interest Income Recognized on Impaired Loans (In thousands) Residential mortgage $ 3,532 $ 22 Commercial: Commercial real estate 9,875 84 Consumer: Home equity lines of credit 29 - Second mortgages 845 9 Total $ 14,281 $ 115 Three Months Ended December 31, 2018 Average Impaired Loans Interest Income Recognized on Impaired Loans (In thousands) Residential mortgage $ 3,563 $ 27 Construction and Development: Land 73 1 Commercial: Commercial real estate 15,017 76 Consumer: Home equity lines of credit 45 - Second mortgages 625 2 Other 26 - Total $ 19,349 $ 106
Schedule of classes of loan portfolio	The following table presents the classes of the loan portfolio summarized by loans considered to be rated as pass and the categories of special mention, substandard and doubtful within the Company’s internal risk rating systemas of December 31, 2019 and September 30, 2019. Pass Special Mention Substandard Doubtful Total (In thousands) December 31, 2019: Residential mortgage $ 231,106 $ - $ 3,632 $ - $ 234,738 Construction and Development: Residential and commercial 49,095 - - - 49,095 Land 3,625 - - - 3,625 Commercial: Commercial real estate 499,306 14,540 9,961 - 523,807 Farmland 7,563 - - - 7,563 Multi-family 43,074 399 - - 43,473 Commercial and industrial 99,365 - 129 - 99,494 Other 8,569 - - - 8,569 Consumer: Home equity lines of credit 18,253 - 119 - 18,372 Second mortgages 12,005 83 1,091 - 13,179 Other 2,160 - - - 2,160 Total $ 974,121 $ 15,022 $ 14,932 $ - $ 1,004,075 Pass Special Mention Substandard Doubtful Total (In thousands) September 30, 2019: Residential mortgage $ 216,376 $ - $ 3,635 $ - $ 220,011 Construction and Development: Residential and commercial 40,346 - - - 40,346 Land 3,420 - - - 3,420 Commercial: Commercial real estate 518,848 14,601 10,003 - 543,452 Farmland 7,563 - - - 7,563 Multi-family 62,483 401 - - 62,884 Commercial and industrial 99,613 - 134 - 99,747 Other 4,450 - - - 4,450 Consumer: Home equity lines of credit 19,385 - 121 - 19,506 Second mortgages 12,727 85 925 - 13,737 Other 2,030 - - - 2,030 Total $ 987,241 $ 15,087 $ 14,818 $ - $ 1,017,146
Schedule of loans that are no longer accruing interest by portfolio class	The following table presents loans that are no longer accruing interest by portfolio class. December 31, 2019 September 30, 2019 (In thousands) Non-accrual loans: Residential mortgage $ 1,541 $ 1,532 Consumer: Home equity lines of credit 29 30 Second mortgages 253 259 Total non-accrual loans $ 1,823 $ 1,821
Schedule of classes of loan portfolio summarized by aging categories	The following table presents the classes of the loan portfolio summarized by the aging categories as of December 31, 2019 and September 30, 2019. Current 30-59 Days Past Due 60-89 Days Past Due 90 Days and More Past Due Total Past Due Total Loans Receivable Loans Receivable > 90 Days and Accruing (In thousands) December 31, 2019: Residential mortgage $ 231,647 $ 1,267 $ 1,536 $ 288 3,091 $ 234,738 $ 1 Construction and Development: Residential and commercial 49,095 - - - - 49,095 - Land 3,625 - - - - 3,625 - Commercial: Commercial real estate 523,325 315 167 - 482 523,807 - Farmland 7,563 - - - - 7,563 - Multi-family 43,473 - - - - 43,473 - Commercial and industrial 99,494 - - - - 99,494 - Other 8,569 - - - - 8,569 - Consumer: Home equity lines of credit 18,113 230 - 29 259 18,372 - Second mortgages 12,705 211 132 131 474 13,179 - Other 2,155 5 - - 5 2,160 - Total $ 999,764 $ 2,028 $ 1,835 $ 448 $ 4,311 $ 1,004,075 $ 1 Current 30-59 Days Past Due 60-89 Days Past Due Greater than 90 Days Past Due Total Past Due Total Loans Receivable Loans Receivable > 90 Days and Accruing (In thousands) September 30, 2019: Residential mortgage $ 219,062 $ 62 $ 381 $ 506 $ 949 $ 220,011 $ 207 Construction and Development: Residential and commercial 40,346 - - - - 40,346 - Land 3,420 - - - - 3,420 - Commercial: Commercial real estate 543,157 - - 295 295 543,452 295 Farmland 7,563 - - - - 7,563 - Multi-family 62,884 - - - - 62,884 - Commercial and industrial 99,247 500 - - 500 99,747 - Other 4,450 - - - - 4,450 - Consumer: Home equity lines of credit 19,506 - - - - 19,506 - Second mortgages 13,102 379 112 144 635 13,737 - Other 2,030 - - - - 2,030 - Total $ 1,014,767 $ 941 $ 493 $ 945 $ 2,379 $ 1,017,146 $ 502
Schedule of TDR loans	For any residential real estate property collateralizing a consumer mortgage loan, the Company is considered to possess the related collateral only if legal title is obtained upon completion of foreclosure, or the borrower conveys all interest in the residential real estate property to the Company through completion of a deed in lieu of foreclosure or similar legal agreement. Excluding OREO, the Company had $231,000 and $111,000 Total Troubled Debt Restructurings Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months Number of Loans Recorded Investment Number of Loans Recorded Investment (In thousands) December 31, 2019: Residential mortgage 17 $ 3,531 4 $ 1,071 Commercial: Commercial real estate 4 9,961 - - Consumer: Second mortgages 4 177 - - Total 25 $ 13,669 $ 4 $ 1,071 September 30, 2019: Residential mortgage 17 $ 3,372 4 $ 1,090 Commercial: Commercial real estate 3 9,707 - - Consumer: Second mortgages 4 181 - - Total 24 $ 13,260 4 $ 1,090
Schedule of performing status of TDR loans	The following table reports the performing status of all TDR loans. The performing status is determined by a loan’s compliance with the modified terms. December 31, 2019 September 30, 2019 Performing Non-Performing Performing Non-Performing (In thousands) Residential mortgage $ 2,460 $ 1,071 $ 2,282 $ 1,090 Commercial: Commercial real estate 9,961 - 9,707 - Consumer: Second mortgages 177 - 181 - Total $ 12,598 $ 1,071 $ 12,170 $ 1,090
Schedule of new TDR's	The following table shows the new TDRs for the three months ended December 31, 2019 and 2018. For the Three Months Ended December 31, 2019 2018 Number of Contracts Pre- Modifications Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment Number of Contracts Pre- Modifications Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment (In thousands) Troubled Debt Restructurings: Residential mortgage 1 $ 207 $ 207 4 $ 732 $ 726 Commercial: Commercial real estate 1 $ 295 $ 295 - $ - $ - Consumer: Second mortgages - $ - $ - 1 $ 80 $ 79 Total troubled debt restructurings 2 $ 502 $ 502 5 $ 812 $ 805

Regulatory Matters (Tables)

Regulatory Matters (Tables)	3 Months Ended
	Dec. 31, 2019
Banking And Thrift [Abstract]
Schedule of actual capital amounts and ratios	The following table summarizes the Company’s compliance with applicable regulatory capital requirements as of December 31, 2019 and September 30, 2019: Actual For Capital Adequacy Purposes To be Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio Amount Ratio Amount Ratio (In thousands) As of December 31, 2019 Tier 1 Leverage (Core) Capital (to adjusted assets) $ 145,252 11.89 % $ 48,884 4.00 % $ 61,104 5.00 % Common Equity Tier 1 Capital (to risk weighted assets) 145,252 14.40 % 45,379 4.50 % 65,548 6.50 % Tier 1 Capital (to risk weighted assets) 145,252 14.40 % 60,505 6.00 % 80,674 8.00 % Total Risk Based Capital (to risk weighted assets) 180,085 17.86 % 80,674 8.00 % 100,842 10.00 % As of September 30, 2019 Tier 1 Leverage (Core) Capital (to adjusted assets) $ 142,508 11.38 % $ 50,091 4.00 % $ 62,614 5.00 % Common Equity Tier 1 Capital (to risk weighted assets) 142,508 14.30 % 44,838 4.50 % 64,766 6.50 % Tier 1 Capital (to risk weighted assets) 142,508 14.30 % 59,784 6.00 % 79,713 8.00 % Total Risk Based Capital (to risk weighted assets) 177,923 17.79 % 79,713 8.00 % 99,641 10.00 % The following table summarizes the Bank’s compliance with applicable regulatory capital requirements as of December 31, 2019 and September 30, 2019 : Actual For Capital Adequacy Purposes To be Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio Amount Ratio Amount Ratio (In thousands) As of December 31, 2019 Tier 1 Leverage (Core) Capital (to adjusted assets) $ 156,055 12.78 % $ 48,838 4.00 % $ 61,048 5.00 % Common Equity Tier 1 Capital (to risk weighted assets) 156,055 15.49 % 45,325 4.50 % 65,470 6.50 % Tier 1 Capital (to risk weighted assets) 156,055 15.49 % 60,434 6.00 % 80,578 8.00 % Total Risk Based Capital (to risk weighted assets) 166,229 16.50 % 80,578 8.00 % 100,723 10.00 % As of September 30, 2019 Tier 1 Leverage (Core) Capital (to adjusted assets) $ 153,086 12.23 % $ 50,055 4.00 % $ 62,569 5.00 % Common Equity Tier 1 Capital (to risk weighted assets) 153,086 15.38 % 44,788 4.50 % 64,694 6.50 % Tier 1 Capital (to risk weighted assets) 153,086 15.38 % 59,717 6.00 % 79,623 8.00 % Total Risk Based Capital (to risk weighted assets) 163,253 16.40 % 79,623 8.00 % 99,529 10.00 %

Derivatives and Hedging Activ_2

Derivatives and Hedging Activities (Tables)	3 Months Ended
	Dec. 31, 2019
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Schedule of effects of derivative instruments on the Consolidated Financial Statements	The tables below present the fair value of the Company’s derivative financial instruments as well as their classification on the Consolidated Statements of Financial Condition as of December 31, 2019 and September 30, 2019: ` December 31, 2019 Asset derivatives Liability derivatives Notional Amount Fair Value Statement of Financial Condition Location Notional Amount Fair Value Statement of Financial Condition Location (In thousands) Derivatives designated as a hedging instrument: Interest rate swap agreement $ 35,000 $ 94 Other assets $ 30,000 $ 613 Other liabilities Derivatives not designated as a hedging instrument: Interest rate swap agreement $ 29,890 $ 3,696 Other assets $ 29,890 $ 3,698 Other liabilities September 30, 2019 Asset derivatives Liability derivatives Notional Amount Fair Value Statement of Financial Condition Location Notional Amount Fair Value Statement of Financial Condition Location (In thousands) Derivatives designated as a hedging instrument: Interest rate swap agreement $ 35,000 $ 126 Other assets $ 30,000 $ 736 Other liabilities Derivatives not designated as a hedging instrument: Interest rate swap agreement $ 29,916 $ 5,019 Other assets $ 29,916 $ 5,018 Other liabilities
Schedule of offsetting of derivative assets and liabilities	The tables below present the d erivative assets and liabilities offsetting as of December 31, 2019 and September 30, 2019: Offsetting of Derivative Assets (In thousands) as of December 31, 2019 Gross Amounts Not Offset in the Statements of Financial Condition Gross Amounts of Recognized Assets Gross Amounts Offset in the Statement of Financial Condition Net Amounts of Assets presented in the Statement of Financial Condition Financial Instruments Cash Collateral Received Net Amount Derivatives $ 3,790 $ - $ 3,790 $ 117 $ - $ 3,673 Offsetting of Derivative Liabilities (In thousands) as of December 31, 2019 Gross Amounts Not Offset in the Statements of Financial Condition Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Statement of Financial Condition Net Amounts of Liabilities presented in the Statement of Financial Condition Financial Instruments Cash Collateral Posted Net Amount Derivatives $ 4,311 $ - $ 4,311 $ 667 $ 2,754 $ 890 Offsetting of Derivative Assets (In thousands) as of September 30, 2019 Gross Amounts Not Offset in the Statements of Financial Condition Gross Amounts of Recognized Assets Gross Amounts Offset in the Statement of Financial Condition Net Amounts of Assets presented in the Statement of Financial Condition Financial Instruments Cash Collateral Received Net Amount Derivatives $ 5,145 $ - $ 5,145 $ 173 $ - $ 4,972 Offsetting of Derivative Liabilities (In thousands) as of September 30, 2019 Gross Amounts Not Offset in the Statements of Financial Condition Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Statement of Financial Condition Net Amounts of Liabilities presented in the Statement of Financial Condition Financial Instruments Cash Collateral Posted Net Amount Derivatives $ 5,754 $ - $ 5,754 $ 767 $ 2,754 $ 2,233
Schedule of net gains (losses) recorded in accumulated other comprehensive income and the Consolidate Statements of Operations	The tables below present the net gains (losses) recorded in accumulated other comprehensive income and the Consolidated Statements of Operations relating to the cash flow derivative instruments for the three months ended December 31, 2019 and 2018. Three Months Ended December 31, 2019 Amount of Gain Recognized in OCI on Derivative Amount of Loss Reclassified from OCI to Interest Expense (In thousands) Interest rate swap agreements $ 77 $ (14 ) Total derivatives 77 (14 ) Three Months Ended December 31, 2018 Amount of Loss Recognized in OCI on Derivative Amount of Gain Reclassified from OCI to Interest Expense (In thousands) Interest rate swap agreements $ (639 ) $ 71 Total derivatives (639 ) 71
Schedule of effects of derivative instruments on Consolidated Statements of Operations	The tables below present the effect of the Company’s derivative financial instruments on the Consolidated Statements of Operations for the three months ended December 31, 2019 and 2018. Three Months Ended December 31, 2019 Consolidated Statements of Operations Amount of Loss Recognized in Income on derivatives (In thousands) Derivatives not designated as a hedging instrument: Interest rate swap agreement Other income $ (3) Total $ (3) Three Months Ended December 31, 2018 Consolidated Statements of Operations Amount of Loss Recognized in Income on derivatives (In thousands) Derivatives not designated as a hedging instrument: Interest rate swap agreement Other income $ (1) Total $ (1)

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Dec. 31, 2019
Fair Value Disclosures [Abstract]
Schedule of balances of assets measured at fair value on a recurring basis	The tables below present the balances of assets measured at fair value on a recurring basis as of December 31, 2019 and September 30, 2019: December 31, 2019 Total Level 1 Level 2 Level 3 (In thousands) Assets: Investment securities available for sale: Debt securities: U.S. government agencies $ 3,000 $ - $ 3,000 $ - State and municipal obligations 4,726 - 4,726 - Single issuer trust preferred security 934 - 934 - Corporate debt securities 13,565 - 13,565 - Mutual funds 1,498 - - 1,498 Total investment securities available for sale $ 23,723 $ - $ 22,225 $ 1,498 Derivative instruments $ 3,790 $ - $ 3,790 $ - Liabilities: Derivative instruments $ 4,311 $ - $ 4,311 $ - September 30, 2019 Total Level 1 Level 2 Level 3 (In thousands) Assets: Investment securities available for sale: Debt securities: U.S. government agencies $ 3,000 $ - $ 3,000 $ - State and municipal obligations 4,732 - 4,732 - Single issuer trust preferred security 923 - 923 - Corporate debt securities 9,506 - 9,506 - Mutual funds 250 - - 250 Total investment securities available for sale $ 18,411 $ - $ 18,161 $ 250 Derivative instruments $ 5,145 $ - $ 5,145 $ - Liabilities: Derivative Instruments 5,754 $ - $ 5,754 $ -
Schedule of assets measured at fair value on a non recurring basis	For assets measured at fair value on a nonrecurring basis that were still held at the end of the period, the following tables provide the level of valuation assumptions used to determine each adjustment and the carrying value of the related individual assets or portfolios at December 31, 2019 and September 30, 2019: December 31, 2019 Total Level 1 Level 2 Level 3 (In thousands) Other real estate owned $ 5,796 $ - $ - $ 5,796 Impaired loans (1) 7,751 - - 7,751 Total $ 13,547 $ - $ - $ 13,547 December 31, 2019 Fair Value at December 31, 2019 Valuation Technique Unobservable Input Range/(Weighted Average) (In thousands) Other real estate owned $ 5,796 Appraisal of Collateral(2) Collateral discount(3) 0%/(0%) Impaired loans (1) 7,751 Appraisal of Collateral(2) Collateral discount(3) 6.9%-12.0%/(7.0%) Total $ 13,547 (1) C (2) Fair value is generally determined through independent appraisals of the underlying collateral primarily using comparable sales. ( 3 ) Appraisals may be adjusted by management for qualitative factors such as time, changes in economic conditions and estimated liquidation expense. September 30, 2019 Total Level 1 Level 2 Level 3 (In thousands) Other real estate owned $ 5,796 $ - $ - $ 5,796 Impaired loans (1) 9,142 - - 9,142 Total $ 14,938 $ - $ - $ 14,938 September 30, 2019 Fair Value at September 30, 2019 Valuation Technique Unobservable Input Range/(Weighted Average) (In thousands) Other real estate owned $ 5,796 Appraisal of Collateral(2) Collateral discount(3) 0%/(0%) Impaired loans (1) 9,142 Appraisal of Collateral(2) Collateral discount(3) 12%/(12%) Total $ 14,938 (1) Consisted of (2) Fair value is generally determined through independent appraisals of the underlying collateral primarily using comparable sales. ( 3 ) Appraisals may be adjusted by management for qualitative factors such as time, changes in economic conditions and estimated liquidation expense.
Schedule of carrying amount and estimated fair value of the Company's financial instruments	The carrying amount and estimated fair value of the Company’s financial instruments as of December 31, 2019 and September 30, 2019 are presented below: December 31, 2019 Carrying Amount Fair Value Level 1 Level 2 Level 3 (In thousands) Financial assets: Cash and cash equivalents $ 159,802 $ 159,802 $ 159,802 $ - $ - Investment securities available-for-sale 23,723 23,723 - 22,225 1,498 Investment securities held-to-maturity 20,578 20,670 - 20,670 - Loans receivable, net (including impaired loans) 994,803 995,701 - - 995,701 Accrued interest receivable 4,061 4,061 - 4,061 - Restricted stock 11,115 11,115 - 11,115 - Mortgage servicing rights (included in Other Assets) 173 178 - 178 - Derivatives (included in Other Assets) 3,790 3,790 - 3,790 - Financial liabilities: Savings accounts 40,908 40,908 - 40,908 - Checking and NOW accounts 369,229 369,229 - 369,229 - Money market accounts 279,883 279,883 - 279,883 - Certificates of deposit 253,799 256,730 - 256,730 - Borrowings (excluding sub debt) 133,000 133,489 - 133,489 - Subordinated debt 24,658 24,827 - 24,827 - Derivatives (included in Other Liabilities) 4,311 4,311 - 4,311 - Accrued interest payable 1,271 1,271 - 1,271 - September 30, 2019 Carrying Amount Fair Value Level 1 Level 2 Level 3 (In thousands) Financial assets: Cash and cash equivalents $ 153,543 $ 153,543 $ 153,543 $ - $ - Investment securities available-for-sale 18,411 18,411 - 18,161 250 Investment securities held-to-maturity 22,485 22,609 - 22,609 - Loans receivable, net (including impaired loans) 1,007,714 1,010,442 - - 1,010,442 Accrued interest receivable 4,253 4,253 - 4,253 - Restricted stock 11,129 11,129 - 11,129 - Mortgage servicing rights (included in Other Assets) 178 178 - 178 - Derivatives (included in Other Assets) 5,145 5,145 - 5,145 - Financial liabilities: Savings accounts 41,875 41,875 - 41,875 - Checking and NOW accounts 357,723 357,723 - 357,723 - Money market accounts 276,644 276,644 - 276,644 - Certificates of deposit 277,569 280,024 - 280,024 - Borrowings (excluding sub debt) 133,000 133,545 - 133,545 - Subordinated debt 24,619 24,471 - 24,471 - Derivatives (included in Other Liabilities) 5,754 5,754 - 5,754 - Accrued interest payable 978 978 - 978 -

Comprehensive Income (Loss) (Ta

Comprehensive Income (Loss) (Tables)	3 Months Ended
	Dec. 31, 2019
Equity [Abstract]
Schedule of components of accumulated other comprehensive income (loss)	The components of accumulated other comprehensive loss included in shareholders’ equity are as follows: December 31, 2019 September 30, 2019 (In thousands) Net unrealized holding losses on available-for-sale securities $ (38 ) $ (111 ) Tax effect 8 24 Net of tax amount (30 ) (87 ) Fair value adjustments on derivatives (519 ) (610 ) Tax effect 109 128 Net of tax amount (410 ) (482 ) Total accumulated other comprehensive loss $ (440 ) $ (569 )
Schedule of other comprehensive income and related tax effects	Other comprehensive income (loss) and related tax effects are presented in the following table: Three Months Ended December 31, 2019 2018 (In thousands) Net unrealized holding gains (losses) on available-for-sale securities $ 71 $ (33 ) Amortization of unrealized holding losses on securities transferred from available-for-sale to held-to-maturity 1 2 Fair value adjustments on derivatives 91 (710 ) Other comprehensive income (loss) before taxes 163 (741 ) Tax effect (34 ) 156 Total comprehensive income (loss) $ 129 $ (585 )

Equity Based Incentive Compen_2

Equity Based Incentive Compensation Plan (Tables)	3 Months Ended
	Dec. 31, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Schedule of stock option activity	The following is a summary of stock option activity for the three months ended December 31, 2019: Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term (In Years) Aggregate Intrinsic Value Outstanding, beginning of year 18,830 $ 22.05 $ 21,350 Granted - $ - $ - Exercised - $ - $ - Forfeited/cancelled/expired - $ - $ - Outstanding, end of year 18,830 $ 22.05 7.979 $ 37,730 Exercisable, end of year 5,540 $ 22.12 7.343 $ 12,664 Nonvested, at end of year 13,290 $ 22.02
Schedule of restricted stock outstanding	The table below summarizes the activity for the Company’s restricted stock outstanding during the three months ended December 31, 2019: Shares Weighted Average Fair Value Outstanding, beginning of year 18,493 $ 21.78 Granted 1,764 $ 23.07 Vested 1,891 $ 21.17 Forfeited/cancelled/expired 1,610 $ 21.43 Outstanding, end of year 16,756 $ 22.01

Deposits (Tables)

Deposits (Tables)	3 Months Ended
	Dec. 31, 2019
Deposits [Abstract]
Schedule of deposits classified by type with percentages to total deposits	Deposits classified by type with percentages to total deposits at December 31, 2019 and September 30, 2019 consisted of the following: December 31, September 30, 2019 2019 (In thousands) Balances by types of deposit: Savings $ 40,908 4.33 % $ 41,875 4.39 % Money market accounts 279,883 29.65 % 276,644 29.00 % Interest bearing demand 327,956 34.76 % 302,039 31.67 % Non-interest bearing demand 41,273 4.37 % 55,684 5.84 % 690,020 73.11 % 676,242 70.90 % Certificates of deposit 253,799 26.89 % 277,569 29.10 % Total Deposits $ 943,819 100.00 % $ 953,811 100.00 %
Schedule of interest expense on deposits	Interest expense on deposits consisted of the following for the three months ended: December 31, 2019 2018 (In thousands) Savings accounts $ 11 $ 10 Money market accounts 1,098 1,074 Interest bearing demand 1,181 643 Certificates of deposit 1,447 1,217 Total $ 3,737 $ 2,944
Schedule of certificates of deposit maturities	The following is a schedule of certificates of deposit maturities. December 31, 2019 (In thousands) 2020 $ 175,961 2021 48,694 2022 7,899 2023 8,402 2024 8,624 Thereafter 4,219 Total $ 253,799

Leases (Tables)

Leases (Tables)	3 Months Ended
	Dec. 31, 2019
Leases [Abstract]
Components of Lease Expense	The components of lease expense were as follows: Three Months Ended December 31, 2019 2018 (In thousands) Operating lease cost $ 175 $ 116 Finance lease cost - - Short-term lease cost 25 15 Total $ 200 $ 131
Schedule of Supplemental Information of Leases	Supplemental information related to leases was as follows: December 31, 2019 (Dollars in thousands) Supplemental balance sheet information Operating lease right-of-use assets $ 3,119 Operating lease liabilities $ 3,128 Weighted average remaing lease term 5.93 years Weighted average discount rate 1.98 % Three Months Ended December 31, 2019 (In thousands) Supplemental cash flow information Operating cash flows from operating leases $ 166 ROU assets obtained in exchange for lease obligations $ 3,279
Schedule of Maturities of Lease Liabilities	Maturities of lease liabilities were as follows: Operating Leases (In thousands) Period Ending September 30: Remainder of 2020 $ 509 2021 601 2022 492 2023 474 2024 474 Thereafter 746 Total lease payments $ 3,296 Less: imputed interest (168 ) Total $ 3,128

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Narrative) (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Oct. 01, 2019
Summary Of Significant Accounting Policies [Line Items]
Operating lease, right-of-use assets	$ 3,119
Operating lease, liabilities	3,128
ASU 2016-02 [Member]
Summary Of Significant Accounting Policies [Line Items]
Operating lease, right-of-use assets	3,300	$ 3,300
Operating lease, liabilities	$ 3,100	$ 3,100

Non-Interest Income - Schedule

Non-Interest Income - Schedule of Company's Other Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Rental income	$ 54	$ 67
Net gains on sale of loans	3	18
Earnings on bank-owned life insurance	127	121
Other income within the scope of other GAAP topics	184	206
Other income from contracts with customers	259	940
Total Other Income	443	1,146
ATM Fees [Member]
Other income from contracts with customers	2	1
Credit Card Fee Income [Member]
Other income from contracts with customers	6	6
DDA Fee Income [Member]
Other income from contracts with customers	30	37
DDA Service Fees [Member]
Other income from contracts with customers	19	19
Debit Card Fees [Member]
Other income from contracts with customers	66	60
Other Loan Fee Income [Member]
Other income from contracts with customers	77	764
Other Fee Income [Member]
Other income from contracts with customers	57	52
Other Non-interest Income [Member]
Other income from contracts with customers	$ 2	$ 1

Non-Interest Income - (Narrativ

Non-Interest Income - (Narrative) (Detail)	3 Months Ended
	Dec. 31, 2019USD ($)
Noninterest Income [Abstract]
Net swap fees	$ 710,000

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Detail) - shares	3 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Earnings Per Share [Abstract]
Restricted shares issued	1,764	3,238
Stock options	0	0

Earnings Per Share (Detail)

Earnings Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Earnings Per Share [Abstract]
Net Income	$ 2,502	$ 2,011
Weighted average shares outstanding	7,764,383	7,668,751
Average unearned ESOP shares	(98,541)	(112,941)
Basic weighted average shares outstanding	7,665,842	7,555,810
Plus: effect of potential dilutive common stock equivalents - stock options		159
Diluted weighted average common shares outstanding	7,665,842	7,555,969
Earnings Per Common Share:
Basic	$ 0.33	$ 0.27
Diluted	$ 0.33	$ 0.27

Employee Stock Ownership Plan (

Employee Stock Ownership Plan (Narrative) (Detail) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		4 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Sep. 30, 2008
Employee Stock Ownership Plan (ESOP), Shares In ESOP [Abstract]
Employee stock ownership plan (ESOP), shares purchased			241,178
Employee stock ownership plan (ESOP), amount borrowed			$ 2.6
Average price of shares purchased (in dollars per share)			$ 10.86
Employee stock ownership plan (ESOP), debt structure, direct loan, description	The loan, which bears an interest rate of 5%, is being repaid in quarterly installments through 2026
Committed to be released ESOP shares	3,600	3,600
Number of unallocated shares	96,765
Number of allocated shares held by the ESOP	162,453
Aggregate fair value of shares held by the ESOP	$ 2.2

Investment Securities (Detail)

Investment Securities (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Sep. 30, 2019
Schedule of available-for-sale securities and cost-method investments [Line Items]
Amortized Cost	$ 23,761	$ 18,522
Gross Unrealized Gains	215	198
Gross Unrealized Losses	(253)	(309)
Fair value	23,723	18,411
Amortized Cost	20,578	22,485
Gross Unrealized Gains	241	260
Gross Unrealized Losses	(149)	(136)
Fair value	20,670	22,609
Total investment securities Amortized Cost	44,339	41,007
Total investment securities Gross Unrealized Gains	456	458
Total investment securities Gross Unrealized Losses	(402)	(445)
Total investment securities Fair Value	44,393	41,020
U. S. Government Agencies [Member]
Schedule of available-for-sale securities and cost-method investments [Line Items]
Amortized Cost	3,000	3,000
Fair value	3,000	3,000
Amortized Cost		1,000
Fair value		1,000
State And Municipal Obligations [Member]
Schedule of available-for-sale securities and cost-method investments [Line Items]
Amortized Cost	4,710	4,715
Gross Unrealized Gains	16	17
Fair value	4,726	4,732
Amortized Cost	4,488	4,515
Gross Unrealized Gains	79	75
Fair value	4,567	4,590
Single Issuer Trust Preferred Security [Member]
Schedule of available-for-sale securities and cost-method investments [Line Items]
Amortized Cost	1,000	1,000
Gross Unrealized Losses	(66)	(77)
Fair value	934	923
Corporate Debt Securities [Member]
Schedule of available-for-sale securities and cost-method investments [Line Items]
Amortized Cost	13,551	9,557
Gross Unrealized Gains	199	181
Gross Unrealized Losses	(185)	(232)
Fair value	13,565	9,506
Amortized Cost	3,581	3,608
Gross Unrealized Gains	158	182
Fair value	3,739	3,790
Mutual Fund [Member]
Schedule of available-for-sale securities and cost-method investments [Line Items]
Amortized Cost	1,500	250
Gross Unrealized Losses	(2)
Fair value	1,498	250
Collateralized Mortgage Obligations [Member] | Fixed Rate [Member]
Schedule of available-for-sale securities and cost-method investments [Line Items]
Amortized Cost	12,509	13,362
Gross Unrealized Gains	4	3
Gross Unrealized Losses	(149)	(136)
Fair value	$ 12,364	$ 13,229

Investment Securities - (Narrat

Investment Securities - (Narrative) (Detail)	3 Months Ended
	Dec. 31, 2019USD ($)Investment	Dec. 31, 2018USD ($)	Sep. 30, 2019USD ($)
Marketable Securities [Line Items]
Sales	$ 0	$ 25,000
Gain or loss on sale of securities available for sale	0	$ 0
Fair value of available for sale securities transferred	6,000,000		$ 6,400,000
Fair value of available for sale securities short-term borrowings transferred	0		0
Carrying value of investment securities pledged against hedge	$ 3,000,000		$ 4,000,000
Mutual Fund [Member]
Marketable Securities [Line Items]
Number of portfolio investments | Investment	1
Corporate Debt Securities [Member]
Marketable Securities [Line Items]
Number of portfolio investments | Investment	2
Mortgage-Backed Securities [Member]
Marketable Securities [Line Items]
Number of portfolio investments | Investment	35
Single Issuer Trust Preferred Security [Member]
Marketable Securities [Line Items]
Number of portfolio investments | Investment	1

Investment Securities - Gross U

Investment Securities - Gross Unrealized Loss (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Sep. 30, 2019
Schedule of available-for-sale securities and cost-method investments [Line Items]
12 Months or longer: Fair Value	$ 5,247	$ 4,191
12 Months or longer: Unrealized Losses	(253)	(309)
Total: Fair Value	5,247	4,191
Total: Unrealized Losses	(253)	(309)
Less than 12 Months: Fair Value	1,513	1,315
Less than 12 Months: Unrealized Losses	(4)	(4)
12 Months or longer: Fair Value	10,170	10,894
12 Months or longer: Unrealized Losses	(145)	(132)
Total: Fair Value	11,683	12,209
Total: Unrealized Losses	(149)	(136)
Total investment securities in an unrealized loss position less than 12 months fair value	1,513	1,315
Total investment securities in an unrealized loss position less than 12 months gross unrealized loss	(4)	(4)
Total investment securities in an unrealized loss position 12 months or more fair value	15,417	15,085
Total investment securities in an unrealized loss position 12 months or more gross unrealized loss	(398)	(441)
Total investment securities in an unrealized loss position fair value	16,930	16,400
Total investment securities in an unrealized loss position gross unrealized loss	(402)	(445)
Single Issuer Trust Preferred Security [Member]
Schedule of available-for-sale securities and cost-method investments [Line Items]
12 Months or longer: Fair Value	934	923
12 Months or longer: Unrealized Losses	(66)	(77)
Total: Fair Value	934	923
Total: Unrealized Losses	(66)	(77)
Mutual Fund [Member]
Schedule of available-for-sale securities and cost-method investments [Line Items]
12 Months or longer: Fair Value	998
12 Months or longer: Unrealized Losses	(2)
Total: Fair Value	998
Total: Unrealized Losses	(2)
Corporate Debt Securities [Member]
Schedule of available-for-sale securities and cost-method investments [Line Items]
Less than 12 Months: Fair Value		0
12 Months or longer: Fair Value	3,315	3,268
12 Months or longer: Unrealized Losses	(185)	(232)
Total: Fair Value	3,315	3,268
Total: Unrealized Losses	(185)	(232)
Collateralized Mortgage Obligations [Member] | Fixed Rate [Member]
Schedule of available-for-sale securities and cost-method investments [Line Items]
Less than 12 Months: Fair Value	1,513	1,315
Less than 12 Months: Unrealized Losses	(4)	(4)
12 Months or longer: Fair Value	10,170	10,894
12 Months or longer: Unrealized Losses	(145)	(132)
Total: Fair Value	11,683	12,209
Total: Unrealized Losses	$ (149)	$ (136)

Investment Securities - Schedul

Investment Securities - Schedule maturities (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Sep. 30, 2019
Available for Sale, Amortized Cost:
Within 1 year	$ 1,534
Over 1 year through five years	6,254
After 5 years through ten years	14,973
Over 10 years	1,000
Amortized Cost	23,761	$ 18,522
Held-to-Maturity, Amortized Cost:
Over 1 year through five years	3,582
After 5 years through ten years	1,819
Over 10 years	2,668
CMO, fixed-rate	12,509
Held-to-Maturity, Amortized Cost, Total	20,578
Total investment securities Amortized Cost	44,339	41,007
Available-for-Sale, Fair Value:
Within 1 year	1,539
Over 1 year through five years	6,282
After 5 years through ten years	14,904
Over 10 years	998
Available-for-sale, Fair Value, Total	23,723
Held-to-Maturity, Fair Value:
Over 1 year through five years	3,739
After 5 years through ten years	1,898
Over 10 years	2,669
Mortgage-backed securities:
CMO, fixed-rate	12,364
Held-to-Maturity, Fair Value, Total	20,670	22,609
Total investment securities, Fair Value	$ 44,393	$ 41,020

Loans Receivable and Related _3

Loans Receivable and Related Allowance for Loan Losses (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018
Financing Receivable, Impaired [Line Items]
Total loans	$ 1,004,075	$ 1,017,146	$ 933,426
Deferred loan fees and costs, net	828	663
Allowance for loan losses	(10,100)	(10,095)	(9,247)	$ (9,021)
Total loans receivable, net	994,803	1,007,714
Commercial and Industrial [Member]
Financing Receivable, Impaired [Line Items]
Total loans	99,494	99,747	76,892
Allowance for loan losses	(464)	(615)	(433)	(443)
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Total loans	234,738	220,011	202,306
Allowance for loan losses	(1,282)	(1,364)	(1,164)	(1,062)
Construction and Development - Residential and Commercial Receivables [Member]
Financing Receivable, Impaired [Line Items]
Total loans	49,095	40,346	41,140
Allowance for loan losses	(585)	(523)	(439)	(393)
Construction and Development - Land Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	3,625	3,420	7,180
Allowance for loan losses	(18)	(20)	(45)	(49)
Construction And Development Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	52,720	43,766
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Total loans	523,807	543,452	508,448
Allowance for loan losses	(6,400)	(5,903)	(5,344)	(5,031)
Commercial Farmland [Member]
Financing Receivable, Impaired [Line Items]
Total loans	7,563	7,563	12,054
Allowance for loan losses	(38)	(49)	(64)	(66)
Commercial Multi Family Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	43,473	62,884	44,989
Allowance for loan losses	(196)	(369)	(274)	(232)
Commercial - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	8,569	4,450	7,344
Allowance for loan losses	(33)	(21)	(29)	(24)
Commercial [Member]
Financing Receivable, Impaired [Line Items]
Total loans	682,906	718,096
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Total loans	18,372	19,506	14,484
Allowance for loan losses	(101)	(122)	(79)	(82)
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	13,179	13,737	16,674
Allowance for loan losses	(214)	(267)	(391)	(326)
Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	2,160	2,030	1,915
Allowance for loan losses	(23)	(23)	$ (44)	$ (51)
Consumer Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	$ 33,711	$ 35,273

Loans Receivable and Related _4

Loans Receivable and Related Allowance for Loan Losses (1) (Detail) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Sep. 30, 2019
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning Balance	$ 10,095	$ 9,021	$ 9,021
Charge-offs	(2)	(1,241)	(1,517)
Recoveries	7	14	212
Provisions		1,453	2,379
Allowance for credit losses, Ending Balance	10,100	9,247	10,095
Allowance for credit losses: Ending balance: individually evaluated for impairment	1,780	543	157
Allowance for credit losses: Ending balance: collectively evaluated for impairment	8,320	8,704	9,938
Loans receivable	1,004,075	933,426	1,017,146
Loans receivable: Ending balance: individually evaluated for impairment	14,419	14,727	13,991
Loans Receivable: Ending balance: collectively evaluated for impairment	989,656	918,699	1,003,155
Commercial and Industrial [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning Balance	615	443	443
Recoveries		2	4
Provisions	(151)	(12)	168
Allowance for credit losses, Ending Balance	464	433	615
Allowance for credit losses: Ending balance: collectively evaluated for impairment	464	433	615
Loans receivable	99,494	76,892	99,747
Loans Receivable: Ending balance: collectively evaluated for impairment	99,494	76,892	99,747
Residential Mortgage [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning Balance	1,364	1,062	1,062
Charge-offs		(17)	(17)
Recoveries			79
Provisions	(82)	119	240
Allowance for credit losses, Ending Balance	1,282	1,164	1,364
Allowance for credit losses: Ending balance: collectively evaluated for impairment	1,282	1,164	1,364
Loans receivable	234,738	202,306	220,011
Loans receivable: Ending balance: individually evaluated for impairment	3,527	3,627	3,526
Loans Receivable: Ending balance: collectively evaluated for impairment	231,211	198,679	216,485
Construction and Development - Residential and Commercial Receivables [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning Balance	523	393	393
Provisions	62	46	130
Allowance for credit losses, Ending Balance	585	439	523
Allowance for credit losses: Ending balance: collectively evaluated for impairment	585	439	523
Loans receivable	49,095	41,140	40,346
Loans Receivable: Ending balance: collectively evaluated for impairment	49,095	41,140	40,346
Construction and Development - Land Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning Balance	20	49	49
Provisions	(2)	(4)	(29)
Allowance for credit losses, Ending Balance	18	45	20
Allowance for credit losses: Ending balance: collectively evaluated for impairment	18	45	20
Loans receivable	3,625	7,180	3,420
Loans receivable: Ending balance: individually evaluated for impairment		72
Loans Receivable: Ending balance: collectively evaluated for impairment	3,625	7,108	3,420
Commercial Real Estate [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning Balance	5,903	5,031	5,031
Charge-offs		(1,223)	(1,418)
Recoveries	1	3	23
Provisions	496	1,533	2,267
Allowance for credit losses, Ending Balance	6,400	5,344	5,903
Allowance for credit losses: Ending balance: individually evaluated for impairment	1,682	338	57
Allowance for credit losses: Ending balance: collectively evaluated for impairment	4,718	5,006	5,846
Loans receivable	523,807	508,448	543,452
Loans receivable: Ending balance: individually evaluated for impairment	9,961	10,349	9,707
Loans Receivable: Ending balance: collectively evaluated for impairment	513,846	498,099	533,745
Commercial Farmland [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning Balance	49	66	66
Provisions	(11)	(2)	(17)
Allowance for credit losses, Ending Balance	38	64	49
Allowance for credit losses: Ending balance: collectively evaluated for impairment	38	64	49
Loans receivable	7,563	12,054	7,563
Loans Receivable: Ending balance: collectively evaluated for impairment	7,563	12,054	7,563
Commercial Multi Family Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning Balance	369	232	232
Provisions	(173)	42	137
Allowance for credit losses, Ending Balance	196	274	369
Allowance for credit losses: Ending balance: collectively evaluated for impairment	196	274	369
Loans receivable	43,473	44,989	62,884
Loans Receivable: Ending balance: collectively evaluated for impairment	43,473	44,989	62,884
Commercial - Other Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning Balance	21	24	24
Provisions	12	5	(3)
Allowance for credit losses, Ending Balance	33	29	21
Allowance for credit losses: Ending balance: collectively evaluated for impairment	33	29	21
Loans receivable	8,569	7,344	4,450
Loans Receivable: Ending balance: collectively evaluated for impairment	8,569	7,344	4,450
Consumer - Home Equity Lines of Credit [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning Balance	122	82	82
Recoveries			1
Provisions	(21)	(3)	39
Allowance for credit losses, Ending Balance	101	79	122
Allowance for credit losses: Ending balance: collectively evaluated for impairment	101	79	122
Loans receivable	18,372	14,484	19,506
Loans receivable: Ending balance: individually evaluated for impairment	29	34	30
Loans Receivable: Ending balance: collectively evaluated for impairment	18,343	14,450	19,476
Consumer - Second Mortgages Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning Balance	267	326	326
Charge-offs	(2)		(45)
Recoveries	6	8	94
Provisions	(57)	57	(108)
Allowance for credit losses, Ending Balance	214	391	267
Allowance for credit losses: Ending balance: individually evaluated for impairment	98	179	100
Allowance for credit losses: Ending balance: collectively evaluated for impairment	116	212	167
Loans receivable	13,179	16,674	13,737
Loans receivable: Ending balance: individually evaluated for impairment	902	619	728
Loans Receivable: Ending balance: collectively evaluated for impairment	12,277	16,055	13,009
Consumer - Other Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning Balance	23	51	51
Charge-offs		(1)	(37)
Recoveries		1	11
Provisions		(7)	(2)
Allowance for credit losses, Ending Balance	23	44	23
Allowance for credit losses: Ending balance: individually evaluated for impairment		26
Allowance for credit losses: Ending balance: collectively evaluated for impairment	23	18	23
Loans receivable	2,160	1,915	2,030
Loans receivable: Ending balance: individually evaluated for impairment		26
Loans Receivable: Ending balance: collectively evaluated for impairment	2,160	1,889	2,030
Unallocated [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning Balance	819	1,262	1,262
Provisions	(73)	(321)	(443)
Allowance for credit losses, Ending Balance	746	941	819
Allowance for credit losses: Ending balance: collectively evaluated for impairment	$ 746	$ 941	$ 819

Loans Receivable and Related _5

Loans Receivable and Related Allowance for Loan Losses (Narrative) (Detail)	3 Months Ended		12 Months Ended
	Dec. 31, 2019USD ($)Number	Dec. 31, 2018USD ($)	Sep. 30, 2019USD ($)Number	Jun. 30, 2019USD ($)
Financing Receivable, Impaired [Line Items]
Provision for loan losses		$ 1,453,000	$ 2,379,000
Non accrual loans interest income	$ 17,000	79,000
Loans past due 90 days or more and still accruing interest	$ 1,000		$ 502,000
Number of loans | Number	25		24
Recorded Investment	$ 13,700,000		$ 13,260,000	$ 13,669,000
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Specific impairment	1,500,000
Provision for loan losses	$ 496,000	1,533,000	2,267,000
Loans past due 90 days or more and still accruing interest			$ 295,000
Number of loans | Number	4		3
Recorded Investment			$ 9,707,000	$ 9,961,000
Construction and Development - Residential and Commercial Receivables [Member]
Financing Receivable, Impaired [Line Items]
Provision for loan losses	$ 62,000	$ 46,000	130,000
Real estate through foreclosure	$ 231,000		$ 111,000

Loans Receivable and Related _6

Loans Receivable and Related Allowance for Loan Losses (2) (Detail) - USD ($)	Dec. 31, 2019	Sep. 30, 2019
Financing Receivable, Impaired [Line Items]
Impaired Loans With Specific Allowance, Recorded Investment	$ 9,531,000	$ 9,299,000
Impaired Loans With Specific Allowance, Related Allowance	1,780,000	157,000
Impaired Loans With No Specific Allowance, Recorded Investment	4,888,000	4,692,000
Total Impaired Loans Recorded Investment	14,419,000	13,991,000
Total Impaired Loans Unpaid Principal Balance	14,681,000	14,242,000
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans With No Specific Allowance, Recorded Investment	3,527,000	3,526,000
Total Impaired Loans Recorded Investment	3,527,000	3,526,000
Total Impaired Loans Unpaid Principal Balance	3,723,000	3,713,000
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans With Specific Allowance, Recorded Investment	9,433,000	9,176,000
Impaired Loans With Specific Allowance, Related Allowance	1,682,000	57,000
Impaired Loans With No Specific Allowance, Recorded Investment	528,000	531,000
Total Impaired Loans Recorded Investment	9,961,000	9,707,000
Total Impaired Loans Unpaid Principal Balance	9,961,000	9,707,000
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans With No Specific Allowance, Recorded Investment	29,000	30,000
Total Impaired Loans Recorded Investment	29,000	30,000
Total Impaired Loans Unpaid Principal Balance	32,000	32,000
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans With Specific Allowance, Recorded Investment	98,000	123,000
Impaired Loans With Specific Allowance, Related Allowance	98,000	100,000
Impaired Loans With No Specific Allowance, Recorded Investment	804,000	605,000
Total Impaired Loans Recorded Investment	902,000	728,000
Total Impaired Loans Unpaid Principal Balance	$ 965,000	$ 790,000

Loans Receivable and Related _7

Loans Receivable and Related Allowance for Loan Losses (3) (Detail) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	$ 14,281	$ 19,349
Interest Income Recognized on Impaired Loans	115	106
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	3,532	3,563
Interest Income Recognized on Impaired Loans	22	27
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	9,875	15,017
Interest Income Recognized on Impaired Loans	84	76
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	29	45
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	845	625
Interest Income Recognized on Impaired Loans	$ 9	2
Construction and Development - Land Receivable [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans		73
Interest Income Recognized on Impaired Loans		1
Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans		$ 26

Loans Receivable and Related _8

Loans Receivable and Related Allowance for Loan Losses (4) (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Sep. 30, 2019	Dec. 31, 2018
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	$ 1,004,075	$ 1,017,146	$ 933,426
Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	974,121	987,241
Special Mention [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	15,022	15,087
Substandard [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	14,932	14,818
Commercial and Industrial [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	99,494	99,747	76,892
Commercial and Industrial [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	99,365	99,613
Commercial and Industrial [Member] | Substandard [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	129	134
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	234,738	220,011	202,306
Residential Mortgage [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	231,106	216,376
Residential Mortgage [Member] | Substandard [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	3,632	3,635
Construction and Development - Residential and Commercial Receivables [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	49,095	40,346	41,140
Construction and Development - Residential and Commercial Receivables [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	49,095	40,346
Construction and Development - Land Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	3,625	3,420	7,180
Construction and Development - Land Receivable [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	3,625	3,420
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	523,807	543,452	508,448
Commercial Real Estate [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	499,306	518,848
Commercial Real Estate [Member] | Special Mention [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	14,540	14,601
Commercial Real Estate [Member] | Substandard [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	9,961	10,003
Commercial Farmland [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	7,563	7,563	12,054
Commercial Farmland [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	7,563	7,563
Commercial Multi Family Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	43,473	62,884	44,989
Commercial Multi Family Receivable [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	43,074	62,483
Commercial Multi Family Receivable [Member] | Special Mention [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	399	401
Commercial - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	8,569	4,450	7,344
Commercial - Other Receivable [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	8,569	4,450
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	18,372	19,506	14,484
Consumer - Home Equity Lines of Credit [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	18,253	19,385
Consumer - Home Equity Lines of Credit [Member] | Substandard [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	119	121
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	13,179	13,737	16,674
Consumer - Second Mortgages Receivable [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	12,005	12,727
Consumer - Second Mortgages Receivable [Member] | Special Mention [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	83	85
Consumer - Second Mortgages Receivable [Member] | Substandard [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	1,091	925
Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	2,160	2,030	$ 1,915
Consumer - Other Receivable [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	$ 2,160	$ 2,030

Loans Receivable and Related _9

Loans Receivable and Related Allowance for Loan Losses (5) (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Sep. 30, 2019
Financing Receivable, Impaired [Line Items]
Total non-accrual loans	$ 1,823	$ 1,821
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Total non-accrual loans	1,541	1,532
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Total non-accrual loans	29	30
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total non-accrual loans	$ 253	$ 259

Loans Receivable and Related_10

Loans Receivable and Related Allowance for Loan Losses (6) (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Sep. 30, 2019	Dec. 31, 2018
Financing Receivable, Impaired [Line Items]
Current	$ 999,764	$ 1,014,767
Past Due	4,311	2,379
Total Loans Receivable	1,004,075	1,017,146	$ 933,426
Accruing 90 Days or More Past Due	1	502
30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	2,028	941
60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	1,835	493
Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	448	945
Commercial and Industrial [Member]
Financing Receivable, Impaired [Line Items]
Current	99,494	99,247
Past Due		500
Total Loans Receivable	99,494	99,747	76,892
Commercial and Industrial [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due		500
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Current	231,647	219,062
Past Due	3,091	949
Total Loans Receivable	234,738	220,011	202,306
Accruing 90 Days or More Past Due	1	207
Residential Mortgage [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	1,267	62
Residential Mortgage [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	1,536	381
Residential Mortgage [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	288	506
Construction and Development - Residential and Commercial Receivables [Member]
Financing Receivable, Impaired [Line Items]
Current	49,095	40,346
Total Loans Receivable	49,095	40,346	41,140
Construction and Development - Land Receivable [Member]
Financing Receivable, Impaired [Line Items]
Current	3,625	3,420
Total Loans Receivable	3,625	3,420	7,180
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Current	523,325	543,157
Past Due	482	295
Total Loans Receivable	523,807	543,452	508,448
Accruing 90 Days or More Past Due		295
Commercial Real Estate [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	315
Commercial Real Estate [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	167
Commercial Real Estate [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due		295
Commercial Farmland [Member]
Financing Receivable, Impaired [Line Items]
Current	7,563	7,563
Total Loans Receivable	7,563	7,563	12,054
Commercial Multi Family Receivable [Member]
Financing Receivable, Impaired [Line Items]
Current	43,473	62,884
Total Loans Receivable	43,473	62,884	44,989
Commercial - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Current	8,569	4,450
Total Loans Receivable	8,569	4,450	7,344
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Current	18,113	19,506
Past Due	259
Total Loans Receivable	18,372	19,506	14,484
Consumer - Home Equity Lines of Credit [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	230
Consumer - Home Equity Lines of Credit [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	29
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Current	12,705	13,102
Past Due	474	635
Total Loans Receivable	13,179	13,737	16,674
Consumer - Second Mortgages Receivable [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	211	379
Consumer - Second Mortgages Receivable [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	132	112
Consumer - Second Mortgages Receivable [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	131	144
Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Current	2,155	2,030
Past Due	5
Total Loans Receivable	2,160	$ 2,030	$ 1,915
Consumer - Other Receivable [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	$ 5

Loans Receivable and Related_11

Loans Receivable and Related Allowance for Loan Losses (Details 7) (Detail) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2019USD ($)Number	Sep. 30, 2019USD ($)Number	Jun. 30, 2019USD ($)
Financing Receivable, Impaired [Line Items]
Total Troubled Debt Restructurings, Number of Loans | Number	25	24
Total Troubled Debt Restructurings, Recorded Investment | $	$ 13,700	$ 13,260	$ 13,669
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Number of Loans | Number	4	4
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Recorded Investment | $	$ 1,071	$ 1,090
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Total Troubled Debt Restructurings, Number of Loans | Number	17	17
Total Troubled Debt Restructurings, Recorded Investment | $		$ 3,372	3,531
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Number of Loans | Number	4	4
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Recorded Investment | $	$ 1,071	$ 1,090
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Total Troubled Debt Restructurings, Number of Loans | Number	4	3
Total Troubled Debt Restructurings, Recorded Investment | $		$ 9,707	9,961
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total Troubled Debt Restructurings, Number of Loans | Number	4	4
Total Troubled Debt Restructurings, Recorded Investment | $		$ 181	$ 177

Loans Receivable and Related_12

Loans Receivable and Related Allowance for Loan Losses (8) (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019
Recorded Investment	$ 13,700	$ 13,260	$ 13,669
Performing Financing Receivable [Member]
Recorded Investment	12,598	12,170
Nonperforming Financing Receivable [Member]
Recorded Investment	1,071	1,090
Residential Mortgage [Member]
Recorded Investment		3,372	3,531
Residential Mortgage [Member] | Performing Financing Receivable [Member]
Recorded Investment	2,460	2,282
Residential Mortgage [Member] | Nonperforming Financing Receivable [Member]
Recorded Investment	1,071	1,090
Commercial Real Estate [Member]
Recorded Investment		9,707	9,961
Commercial Real Estate [Member] | Performing Financing Receivable [Member]
Recorded Investment	9,961	9,707
Consumer - Second Mortgages Receivable [Member]
Recorded Investment		181	$ 177
Consumer - Second Mortgages Receivable [Member] | Performing Financing Receivable [Member]
Recorded Investment	$ 177	$ 181

Loans Receivable and Related_13

Loans Receivable and Related Allowance for Loan Losses (9) (Detail) $ in Thousands	3 Months Ended
	Dec. 31, 2019USD ($)Number	Dec. 31, 2018USD ($)Number
Financing Receivable, Impaired [Line Items]
Number of Contracts | Number	2	5
Pre-Modifications Outstanding Recorded Investment	$ 502	$ 812
Post-Modification Outstanding Recorded Investment	$ 502	$ 805
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Number of Contracts | Number	1	4
Pre-Modifications Outstanding Recorded Investment	$ 207	$ 732
Post-Modification Outstanding Recorded Investment	$ 207	$ 726
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Number of Contracts | Number	1
Pre-Modifications Outstanding Recorded Investment	$ 295
Post-Modification Outstanding Recorded Investment	$ 295
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Number of Contracts | Number		1
Pre-Modifications Outstanding Recorded Investment		$ 80
Post-Modification Outstanding Recorded Investment		$ 79

Regulatory Matters (Narrative)

Regulatory Matters (Narrative) (Detail) - shares	3 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Mar. 14, 2019	Jan. 01, 2019	Jan. 01, 2016	Jan. 01, 2015	Dec. 31, 2014
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Percentage of repurchase of outstanding common stock as condition warrant			2.50%
Stock repurchased during period, shares	0
Malvern Federal Savings Bank [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Common equity Tier 1 capital ratio					7.00%	4.50%	4.00%
Tier 1 capital ratio	6.00%	6.00%			8.50%	6.00%
Tier 1 Capital conservation buffer				2.50%
Total capital ratio	16.50%	16.40%			10.50%
Capital conservation buffer percentage of risk-weighted assets					0.625%
Maximum [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Stock repurchase plan, number of shares authorized			194,516

Regulatory Matters (Detail)

Regulatory Matters (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Sep. 30, 2019	Jan. 01, 2016	Jan. 01, 2015
Parent Company [Member]
Capital (to adjusted tangible assets): Actual Amount	$ 145,252	$ 142,508
Common equity Tier 1(to risk-weighted assets): Actual Amount	145,252	142,508
Tier 1 Capital (to risk-weighted assets): Actual Amount	145,252	142,508
Total Capital (to risk-weighted assets): Actual Amount	$ 180,085	$ 177,923
Capital (to adjusted tangible assets): Actual Ratio	11.89%	11.38%
Common equity Tier 1(to risk-weighted assets): Actual Ratio	14.40%	14.30%
Tier 1 Capital (to risk-weighted assets): Actual Ratio	14.40%	14.30%
Total Capital (to risk-weighted assets): Actual Ratio	17.86%	17.79%
Capital (to adjusted tangible assets): For Capital Adequacy Purposes Amount	$ 48,884	$ 50,091
Common Equity Tier 1 Capital (to risk weighted assets)	45,379	44,838
Tier 1 Capital (to risk weighted assets)	60,505	59,784
Total Capital (to risk weighted assets)	$ 80,674	$ 79,713
Capital (to adjusted tangible assets): For Capital Adequacy Purposes Ratio	4.00%	4.00%
Common Equity Tier 1 Capital (to risk weighted assets)	4.50%	4.50%
Tier 1 Capital (to risk weighted assets)	6.00%	6.00%
Total Capital (to risk weighted assets)	8.00%	8.00%
Capital (to adjusted tangible assets): To be Well Capitalized under Prompt Corrective Action Provisions Capital Amount	$ 61,104	$ 62,614
Common Equity Tier 1 Capital (to risk weighted assets)	65,548	64,766
Tier 1 Capital (to risk weighted assets)	80,674	79,713
Total Capital (to risk weighted assets)	$ 100,842	$ 99,641
Capital (to adjusted tangible assets): To be Well Capitalized under Prompt Corrective Action Provisions Ratio	5.00%	5.00%
Common Equity Tier 1 Capital (to risk weighted assets)	6.50%	6.50%
Tier 1 Capital (to risk weighted assets)	8.00%	8.00%
Total Capital (to risk weighted assets)	10.00%	10.00%
Malvern Federal Savings Bank [Member]
Capital (to adjusted tangible assets): Actual Amount	$ 156,055	$ 153,086
Common equity Tier 1(to risk-weighted assets): Actual Amount	156,055	153,086
Tier 1 Capital (to risk-weighted assets): Actual Amount	156,055	153,086
Total Capital (to risk-weighted assets): Actual Amount	$ 166,229	$ 163,253
Capital (to adjusted tangible assets): Actual Ratio	12.78%	12.23%
Common equity Tier 1(to risk-weighted assets): Actual Ratio	15.49%	15.38%
Tier 1 Capital (to risk-weighted assets): Actual Ratio	15.49%	15.38%
Total Capital (to risk-weighted assets): Actual Ratio	16.50%	16.40%	10.50%
Capital (to adjusted tangible assets): For Capital Adequacy Purposes Amount	$ 48,838	$ 50,055
Common Equity Tier 1 Capital (to risk weighted assets)	45,325	44,788
Tier 1 Capital (to risk weighted assets)	60,434	59,717
Total Capital (to risk weighted assets)	$ 80,578	$ 79,623
Capital (to adjusted tangible assets): For Capital Adequacy Purposes Ratio	4.00%	4.00%
Common Equity Tier 1 Capital (to risk weighted assets)	4.50%	4.50%
Tier 1 Capital (to risk weighted assets)	6.00%	6.00%	8.50%	6.00%
Total Capital (to risk weighted assets)	8.00%	8.00%
Capital (to adjusted tangible assets): To be Well Capitalized under Prompt Corrective Action Provisions Capital Amount	$ 61,048	$ 62,569
Common Equity Tier 1 Capital (to risk weighted assets)	65,470	64,694
Tier 1 Capital (to risk weighted assets)	80,578	79,623
Total Capital (to risk weighted assets)	$ 100,723	$ 99,529
Capital (to adjusted tangible assets): To be Well Capitalized under Prompt Corrective Action Provisions Ratio	5.00%	5.00%
Common Equity Tier 1 Capital (to risk weighted assets)	6.50%	6.50%
Tier 1 Capital (to risk weighted assets)	8.00%	8.00%
Total Capital (to risk weighted assets)	10.00%	10.00%

Derivatives and Hedging Activ_3

Derivatives and Hedging Activities (Narrative) (Detail) - USD ($)	3 Months Ended
	Dec. 31, 2019	Sep. 30, 2019
Derivative [Line Items]
Minimum collateral posting thresholds with derivative counterparties	$ 5,500,000	$ 6,400,000
Interest Rate Swap [Member]
Derivative [Line Items]
Estimated interest expense	$ 233,000

Derivatives and Hedging Activ_4

Derivatives and Hedging Activities (Detail) - Interest Rate Swap Agreements [Member] - USD ($) $ in Thousands	Dec. 31, 2019	Sep. 30, 2019
Designated as Hedging Instrument [Member] | Other Assets [Member]
Notional Amount, Asset Derivatives	$ 35,000	$ 35,000
Fair Value	94	126
Designated as Hedging Instrument [Member] | Other Liabilities [Member]
Notional Amount, Liability Derivatives	30,000	30,000
Fair Value	613	736
Derivatives Not Designated As Hedging Instrument [Member] | Other Assets [Member]
Notional Amount, Asset Derivatives	29,890	29,916
Fair Value	3,696	5,019
Derivatives Not Designated As Hedging Instrument [Member] | Other Liabilities [Member]
Notional Amount, Liability Derivatives	29,890	29,916
Fair Value	$ 3,698	$ 5,018

Derivatives and Hedging Activ_5

Derivatives and Hedging Activities - Schedule of Offsetting of Derivative Assets and Liabilities (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Sep. 30, 2018
Offsetting of Derivative Assets
Gross Amounts of Recognized Assets	$ 3,790	$ 5,145
Net Amounts of Assets presented in the Statement of Financial Condition	3,790	5,145
Gross Amounts Not Offset in the Statements of Financial Condition, Financial Instruments	117	173
Gross Amounts Not Offset in the Statements of Financial Condition, Net Amount	3,673	4,972
Offsetting of Derivative Liabilities
Gross Amounts of Recognized Liabilities	4,311	5,754
Net Amounts of Liabilities presented in the Statement of Financial Condition	4,311	5,754
Gross Amounts Not Offset in the Statements of Financial Condition, Financial Instruments	667	767
Gross Amounts Not Offset in the Statements of Financial Condition, Cash Collateral Posted	2,754	2,754
Gross Amounts Not Offset in the Statements of Financial Condition, Net Amount	$ 890	$ 2,233

Derivatives and Hedging Activ_6

Derivatives and Hedging Activities - Statement of Operations Relating to The Cash Flow Derivative Instrument (Detail) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Derivative [Line Items]
Amount of Gain (Loss) Recognized in OCI on Derivative	$ 77	$ (639)
Amount of Gain (Loss) Reclassified from OCI to Interest Expense	(14)	71
Interest Rate Swap Agreements [Member]
Derivative [Line Items]
Amount of Gain (Loss) Recognized in OCI on Derivative	77	(639)
Amount of Gain (Loss) Reclassified from OCI to Interest Expense	$ (14)	$ 71

Derivatives and Hedging Activ_7

Derivatives and Hedging Activities - Schedule of Effects of Derivative Instruments on Consolidated Statements of Operations (Detail) - Derivatives Not Designated As Hedging Instrument [Member] - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Amount of Loss Recognized in Income on derivatives	$ (3)	$ (1)
Interest Rate Swap Agreements [Member] | Other Income
Amount of Loss Recognized in Income on derivatives	$ (3)	$ (1)

Fair Value Measurements (Detail

Fair Value Measurements (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Sep. 30, 2019	Sep. 30, 2018
Assets
Investment securities available for sale, at fair value	$ 23,723	$ 18,411
Derivative instruments	3,790		$ 5,145
Liabilities
Derivative instruments	4,311		$ 5,754
U. S. Government Agencies [Member]
Assets
Investment securities available for sale, at fair value	3,000	3,000
State And Municipal Obligations [Member]
Assets
Investment securities available for sale, at fair value	4,726	4,732
Single Issuer Trust Preferred Security [Member]
Assets
Investment securities available for sale, at fair value	934	923
Corporate Debt Securities [Member]
Assets
Investment securities available for sale, at fair value	13,565	9,506
Mutual Funds [Member]
Assets
Investment securities available for sale, at fair value	1,498	250
Fair Value, Measurements, Recurring [Member]
Assets
Investment securities available for sale, at fair value	23,723	18,411
Derivative instruments	3,790	5,145
Liabilities
Derivative instruments	4,311	5,754
Fair Value, Measurements, Recurring [Member] | U. S. Government Agencies [Member]
Assets
Investment securities available for sale, at fair value	3,000	3,000
Fair Value, Measurements, Recurring [Member] | State And Municipal Obligations [Member]
Assets
Investment securities available for sale, at fair value	4,726	4,732
Fair Value, Measurements, Recurring [Member] | Single Issuer Trust Preferred Security [Member]
Assets
Investment securities available for sale, at fair value	934	923
Fair Value, Measurements, Recurring [Member] | Corporate Debt Securities [Member]
Assets
Investment securities available for sale, at fair value	13,565	9,506
Fair Value, Measurements, Recurring [Member] | Mutual Funds [Member]
Assets
Investment securities available for sale, at fair value	1,498	250
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Assets
Investment securities available for sale, at fair value	22,225	18,161
Derivative instruments	3,790	5,145
Liabilities
Derivative instruments	4,311	5,754
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | U. S. Government Agencies [Member]
Assets
Investment securities available for sale, at fair value	3,000	3,000
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | State And Municipal Obligations [Member]
Assets
Investment securities available for sale, at fair value	4,726	4,732
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Single Issuer Trust Preferred Security [Member]
Assets
Investment securities available for sale, at fair value	934	923
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Corporate Debt Securities [Member]
Assets
Investment securities available for sale, at fair value	13,565	9,506
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Assets
Investment securities available for sale, at fair value	1,498	250
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Mutual Funds [Member]
Assets
Investment securities available for sale, at fair value	$ 1,498	$ 250

Fair Value Measurements (1) (De

Fair Value Measurements (1) (Detail) $ in Thousands	Dec. 31, 2019USD ($)	Sep. 30, 2019USD ($)
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Real Estate Owned, Measurement Input	0	0
Impaired Loans, Measurement Input		0.12
Fair Value, Inputs, Level 3 [Member] | Weighted Average [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Other Real Estate Owned, Measurement Input	0	0
Impaired Loans, Measurement Input	0.070	0.12
Fair Value, Inputs, Level 3 [Member] | Minimum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired Loans, Measurement Input	0.069
Fair Value, Inputs, Level 3 [Member] | Maximum [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired Loans, Measurement Input	0.12
Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value, nonrecurring basis	$ 13,547	$ 14,938
Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value, nonrecurring basis	5,796	5,796
Fair Value, Measurements, Nonrecurring [Member] | Impaired Loans Net [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value, nonrecurring basis	7,751	9,142
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value, nonrecurring basis	13,547	14,938
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Other Real Estate Owned [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value, nonrecurring basis	5,796	5,796
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Impaired Loans Net [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value, nonrecurring basis	$ 7,751	$ 9,142

Fair Value Measurements (Narrat

Fair Value Measurements (Narrative) (Detail) - USD ($)	Dec. 31, 2019	Sep. 30, 2019
Fair Value Disclosures [Abstract]
Impaired Loans with aggregate balance	$ 9,531,000	$ 9,299,000
Impaired Loans with specific loan loss allowance	$ 1,780,000	$ 157,000

Fair Value Measurements (2) (De

Fair Value Measurements (2) (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Sep. 30, 2019	Sep. 30, 2018
Financial assets:
Investment securities available-for-sale	$ 23,723	$ 18,411
Investment securities held-to-maturity	20,670	22,609
Derivatives (included in Other Assets)	3,790		$ 5,145
Financial liabilities:
Derivative instruments	4,311		$ 5,754
Carrying Amount [Member]
Financial assets:
Cash and cash equivalents	159,802	153,543
Investment securities available-for-sale	23,723	18,411
Investment securities held-to-maturity	20,578	22,485
Loans receivable, net (including impaired loans)	994,803	1,007,714
Accrued interest receivable	4,061	4,253
Restricted stock	11,115	11,129
Mortgage servicing rights (included in Other Assets)	173	178
Derivatives (included in Other Assets)	3,790	5,145
Financial liabilities:
Savings accounts	40,908	41,875
Checking and NOW accounts	369,229	357,723
Money market accounts	279,883	276,644
Certificates of deposit	253,799	277,569
Borrowings (excluding sub debt)	133,000	133,000
Subordinated debt	24,658	24,619
Derivative instruments	4,311	5,754
Accrued interest payable	1,271	978
Fair Value [Member]
Financial assets:
Cash and cash equivalents	159,802	153,543
Investment securities available-for-sale	23,723	18,411
Investment securities held-to-maturity	20,670	22,609
Loans receivable, net (including impaired loans)	995,701	1,010,442
Accrued interest receivable	4,061	4,253
Restricted stock	11,115	11,129
Mortgage servicing rights (included in Other Assets)	178	178
Derivatives (included in Other Assets)	3,790	5,145
Financial liabilities:
Savings accounts	40,908	41,875
Checking and NOW accounts	369,229	357,723
Money market accounts	279,883	276,644
Certificates of deposit	256,730	280,024
Borrowings (excluding sub debt)	133,489	133,545
Subordinated debt	24,827	24,471
Derivative instruments	4,311	5,754
Accrued interest payable	1,271	978
Fair Value, Inputs, Level 1 [Member] | Fair Value [Member]
Financial assets:
Cash and cash equivalents	159,802	153,543
Fair Value, Inputs, Level 2 [Member] | Fair Value [Member]
Financial assets:
Investment securities available-for-sale	22,225	18,161
Investment securities held-to-maturity	20,670	22,609
Accrued interest receivable	4,061	4,253
Restricted stock	11,115	11,129
Mortgage servicing rights (included in Other Assets)	178	178
Derivatives (included in Other Assets)	3,790	5,145
Financial liabilities:
Savings accounts	40,908	41,875
Checking and NOW accounts	369,229	357,723
Money market accounts	279,883	276,644
Certificates of deposit	256,730	280,024
Borrowings (excluding sub debt)	133,489	133,545
Subordinated debt	24,827	24,471
Derivative instruments	4,311	5,754
Accrued interest payable	1,271	978
Fair Value, Inputs, Level 3 [Member] | Fair Value [Member]
Financial assets:
Investment securities available-for-sale	1,498	250
Loans receivable, net (including impaired loans)	$ 995,701	$ 1,010,442

Comprehensive Income (Loss) (De

Comprehensive Income (Loss) (Detail) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Jun. 30, 2019	Sep. 30, 2018
Equity [Abstract]
Net unrealized holding losses on available-for-sale securities	$ (38)	$ (111)
Tax effect	8	24
Net of tax amount	(30)	(87)
Fair value adjustments on derivatives	(519)	(610)
Tax effect	109	128
Net of tax amount	(410)	(482)
Total accumulated other comprehensive loss	$ (440)	$ (569)

Comprehensive Income (Loss) (1)

Comprehensive Income (Loss) (1) (Detail) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Equity [Abstract]
Net unrealized holding gains (losses) on available-for-sale securities	$ 71	$ (33)
Amortization of unrealized holding losses on securities transferred from available-for-sale to held-to-maturity	1	2
Fair value adjustments on derivatives	91	(710)
Other comprehensive income (loss) before taxes	163	(741)
Tax effect	(34)	156
Total other comprehensive income (loss)	$ 129	$ (585)

Equity Based Incentive Compen_3

Equity Based Incentive Compensation Plan (Narrative) (Detail) - USD ($)	3 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted shares	0	0
Share-based compensation	$ 32,000	$ 14,000
Granted shares	1,764	3,238
Malvern Bancorp, Inc. 2014 Long Term Incentive Compensation Plan (the 2014 Plan) [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Maximum number of shares available for grants	400,000
Number of remaining shares available for future grants	347,708
Description of vesting right	Restricted stock and option awards granted vest in 20% increments beginning on the one year anniversary of the grant date
Granted shares	0	0
Share-based compensation	$ 6,000	$ 1,000
Compensation cost not yet recognized	$ 74,000
Weighted average period	3 years 2 months 23 days
Malvern Bancorp, Inc. 2014 Long Term Incentive Compensation Plan (the 2014 Plan) [Member] | Restricted Stock [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation	$ 26,000	$ 13,000
Granted shares	1,764	3,238
Forfeited shares	1,610	0
Compensation cost not yet recognized	$ 347,000
Weighted average period	3 years 5 months 19 days
Malvern Bancorp, Inc. 2014 Long Term Incentive Compensation Plan (the 2014 Plan) [Member] | First Year Anniversary [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
First vesting percentage	20.00%
First vesting period	1 year

Equity Based Incentive Compen_4

Equity Based Incentive Compensation Plan (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Granted	0	0
Malvern Bancorp, Inc. 2014 Long Term Incentive Compensation Plan (the 2014 Plan) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding, beginning of year	18,830
Granted	0	0
Outstanding, end of year	18,830
Exercisable, end of year	5,540
Nonvested, at end of year	13,290
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward]
Outstanding, beginning of year	$ 22.05
Outstanding, end of year	22.05
Exercisable, end of year	22.12
Nonvested, at end of year	$ 22.02
Share-based Compensation Arrangement by Share-based Payment Award, Options, Weighted Average Remaining Contractual Life [Roll Forward]
Outstanding, end of year	7 years 11 months 22 days
Exercisable, end of year	7 years 4 months 3 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Aggregate Intrinsic Value [Roll Forward]
Outstanding, beginning of year	$ 21,350
Outstanding, end of year	37,730
Exercisable, end of year	$ 12,664

Equity Based Incentive Compen_5

Equity Based Incentive Compensation Plan 1 - Restricted Stock Awards (Detail) - $ / shares	3 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Granted	1,764	3,238
Restricted Stock [Member] | Malvern Bancorp, Inc. 2014 Long Term Incentive Compensation Plan (the 2014 Plan) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Outstanding, beginning of year	18,493
Granted	1,764	3,238
Vested	1,891
Forfeited/cancelled/expired	1,610
Outstanding, end of year	16,756
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Outstanding, beginning of year	$ 21.78
Granted	23.07
Vested	21.17
Forfeited/cancelled/expired	21.43
Outstanding, end of year	$ 22.01

Deposits (Detail)

Deposits (Detail) - USD ($) $ in Thousands	Dec. 31, 2019	Sep. 30, 2019
Deposits:
Savings	$ 40,908	$ 41,875
Money market accounts	279,883	276,644
Interest bearing demand	327,956	302,039
Non-interest bearing demand	41,273	55,684
Total deposits before certificates of deposit	690,020	676,242
Certificates of deposit	253,799	277,569
Total Deposits	$ 943,819	$ 953,811
Percentage of savings	4.33%	4.39%
Percentage of money market accounts	29.65%	29.00%
Percentage of interest bearing demand	34.76%	31.67%
Percentage of non-interest bearing demand	4.37%	5.84%
Percentage of total deposits before certificates of deposit	73.11%	70.90%
Percentage of certificates of deposit	26.89%	29.10%
Percentage of total deposits	100.00%	100.00%

Deposits (Narrative) (Detail)

Deposits (Narrative) (Detail) - USD ($) $ in Millions	Dec. 31, 2019	Sep. 30, 2019
Deposits:
Certificates of deposit of $250,000 and greater	$ 75.4	$ 63.5
Brokered deposits	$ 30.2	$ 73.1

Deposits 1 (Detail)

Deposits 1 (Detail) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Deposits:
Savings accounts	$ 11	$ 10
Money market accounts	1,098	1,074
Interest bearing demand	1,181	643
Certificates of deposit	1,447	1,217
Total	$ 3,737	$ 2,944

Deposits (2) (Detail)

Deposits (2) (Detail) $ in Thousands	Dec. 31, 2019USD ($)
Deposits:
2020	$ 175,961
2021	48,694
2022	7,899
2023	8,402
2024	8,624
Thereafter	4,219
Total	$ 253,799

Leases (Narrative) (Detail)

Leases (Narrative) (Detail)	3 Months Ended
	Dec. 31, 2019OfficeLease
Lessee Lease Description [Line Items]
Number of leases | Lease	3
Lessee, Operating Lease, Existence of Option to Extend [true false]	true
Lessee, operating lease, renewal term	5 years
Private Banking Office
Lessee Lease Description [Line Items]
Number of office leases included in option to extend	2
Private Banking Office | Short-term Leases [Member]
Lessee Lease Description [Line Items]
Number of offices	2
Representative Office | Short-term Leases [Member]
Lessee Lease Description [Line Items]
Number of offices	2
New Castle County, Montchanin, Delaware | Private Banking Office
Lessee Lease Description [Line Items]
Number of offices	1
Morris County, Morristown, New Jersey | Private Banking Office
Lessee Lease Description [Line Items]
Number of offices	1
Palm Beach County, Palm Beach, Florida | Private Banking Office
Lessee Lease Description [Line Items]
Number of offices	1
Palm Beach County, Palm Beach, Florida | Representative Office
Lessee Lease Description [Line Items]
Number of offices	1
Allentown, Pennsylvania | Representative Office
Lessee Lease Description [Line Items]
Number of offices	1

Leases - Components of Lease Ex

Leases - Components of Lease Expense (Detail) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Leases [Abstract]
Operating lease cost	$ 175	$ 116
Short-term lease cost	25	15
Total	$ 200	$ 131

Leases - Schedule of Supplement

Leases - Schedule of Supplemental Information of Leases (Detail) $ in Thousands	3 Months Ended
	Dec. 31, 2019USD ($)
Supplemental balance sheet information
Operating lease right-of-use assets	$ 3,119
Operating lease liabilities	$ 3,128
Weighted average remaing lease term	5 years 11 months 4 days
Weighted average discount rate	1.98%
Supplemental cash flow information
Operating cash flows from operating leases	$ 166
ROU assets obtained in exchange for lease obligations	$ 3,279

Leases - Schedule of Maturities

Leases - Schedule of Maturities of Lease Liabilities (Detail) $ in Thousands	Dec. 31, 2019USD ($)
Leases [Abstract]
Remainder of 2020	$ 509
2021	601
2022	492
2023	474
2024	474
Thereafter	746
Total lease payments	3,296
Less: imputed interest	(168)
Total	$ 3,128