Malvern Bancorp (MLVF) 10-Q 10 Aug 20 2020 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Jun. 30, 2020	Aug. 10, 2020
Cover [Abstract]
Entity Registrant Name	MALVERN BANCORP, INC.
Entity Central Index Key	0001550603
Document Type	10-Q
Document Period End Date	Jun. 30, 2020
Amendment Flag	false
Current Fiscal Year End Date	--09-30
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		7,609,953
Document Fiscal Period Focus	Q3
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	Jun. 30, 2020	Sep. 30, 2019
ASSETS
Cash and due from depository institutions	$ 30,653	$ 1,400
Interest bearing deposits in depository institutions	28,291	152,143
Cash and Cash Equivalents	58,944	153,543
Investment securities available for sale, at fair value (amortized cost of $32,704 and $18,522, respectively)	32,222	18,411
Investment securities held to maturity (fair value of $16,507 and $22,609, respectively)	15,921	22,485
Other investments	1,023
Restricted stock, at cost	9,766	11,129
Loans receivable, net of allowance for loan losses of $11,067 and $10,095, respectively	1,028,093	1,007,714
Other real estate owned	5,796	5,796
Accrued interest receivable	5,680	4,253
Operating lease right-of-use assets	2,799
Property and equipment, net	6,355	6,678
Deferred income taxes	3,103	2,840
Bank-owned life insurance	20,270	19,891
Other assets	13,873	12,482
Total Assets	1,203,845	1,265,222
Deposits:
Deposits-non-interest-bearing	47,443	55,684
Deposits-interest-bearing	837,001	898,127
Total Deposits	884,444	953,811
FHLB advances	130,000	133,000
Subordinated debt	24,737	24,619
Advances from borrowers for taxes and insurance	3,630	1,761
Accrued interest payable	1,096	978
Operating lease liabilities	2,824
Other liabilities	13,583	8,545
Total Liabilities	1,060,314	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; 7,804,469 and 7,609,953 shares issued and outstanding, respectively, at June 30, 2020 and 7,782,258 and 7,765,395 shares issued and outstanding, respectively, at September 30, 2019	76	78
Additional paid-in-capital	85,068	84,783
Retained earnings	63,891	59,744
Unearned Employee Stock Ownership Plan (ESOP) shares	(1,083)	(1,192)
Accumulated other comprehensive loss	(1,558)	(569)
Treasury stock, at cost: 194,516 shares and 16,863 shares at June 30, 2020 and September 30, 2019, respectively	(2,863)	(336)
Total Shareholders’ Equity	143,531	142,508
Total Liabilities and Shareholders’ Equity	$ 1,203,845	$ 1,265,222

CONSOLIDATED STATEMENTS OF FI_2

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2020	Sep. 30, 2019
Statement Of Financial Position [Abstract]
Investment securities available for sale, amortized cost	$ 32,704	$ 18,522
Investment securities held to maturity, fair value	16,507	22,609
Allowance for loan losses	$ 11,067	$ 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	7,804,469	7,782,258
Common stock, outstanding	7,609,953	7,765,395
Treasury stock, shares	194,516	16,863

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Interest and Dividend Income
Loans, including fees	$ 10,024	$ 11,415	$ 31,492	$ 32,171
Investment securities, taxable	253	259	699	760
Investment securities, tax-exempt	27	49	100	167
Dividends, restricted stock	124	159	494	450
Interest-bearing cash accounts	26	574	1,048	1,421
Total Interest and Dividend Income	10,454	12,456	33,833	34,969
Interest Expense
Deposits	2,876	3,926	10,236	10,265
Short-term borrowings				7
Long-term borrowings	564	686	2,136	1,891
Subordinated debt	383	383	1,149	1,149
Total Interest Expense	3,823	4,995	13,521	13,312
Net Interest Income	6,631	7,461	20,312	21,657
Provision for Loan Losses	435	56	3,210	2,379
Net Interest Income after Provision for Loan losses	6,196	7,405	17,102	19,278
Other Income
Service charges and other fees	195	252	1,058	1,430
Rental income	54	53	163	184
Net gains on sale and call of investments	1	27	181	27
Net gains on sale of loans	11		14	37
Earnings on bank-owned life insurance	128	122	380	363
Total Other Income	389	454	1,796	2,041
Other Expenses
Salaries and employee benefits	2,279	2,223	6,675	6,444
Occupancy expense	576	560	1,749	1,676
Federal deposit insurance premium	79	78	79	220
Advertising	33	30	87	90
Data processing	275	259	825	764
Professional fees	524	405	1,467	1,359
Other real estate owned expense, net	29	30	99	79
Pennsylvania shares tax	169	169	509	261
Other operating expenses	720	743	2,254	2,141
Total Other Expenses	4,684	4,497	13,744	13,034
Income before income tax expense	1,901	3,362	5,154	8,285
Income tax expense	447	706	1,007	1,652
Net Income	$ 1,454	$ 2,656	$ 4,147	$ 6,633
Earnings Per Common Share:
Basic	$ 0.19	$ 0.35	$ 0.54	$ 0.87
Diluted	$ 0.19	$ 0.35	$ 0.54	$ 0.87
Weighted Average Common Shares Outstanding:
Basic	7,538,375	7,669,851	7,622,820	7,630,650
Diluted	7,538,375	7,670,106	7,622,820	7,630,944

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Statement Of Income And Comprehensive Income [Abstract]
Net Income		$ 1,454	$ 2,656	$ 4,147	$ 6,633
Other Comprehensive Income (Loss), Net of Tax:
Unrealized holding (losses) gains on available-for-sale securities		(302)	177	(169)	298
Tax effect		62	(37)	34	(62)
Net of tax amount		(240)	140	(135)	236
Reclassification adjustment for net gains arising during the period	[1]	(1)	(27)	(181)	(27)
Tax effect			6	38	6
Net of tax amount		(1)	(21)	(143)	(21)
Adjustment for loss recorded on replacement of derivative		23		23
Amortization of unrealized holding losses on securities transferred from available-for-sale to held-to-maturity	[2]	1	1	3	4
Tax effect					(1)
Net of tax amount		1	1	3	3
Fair value adjustments on derivatives		(336)	(664)	(927)	(1,767)
Tax effect		66	139	190	370
Net of tax amount		(270)	(525)	(737)	(1,397)
Total other comprehensive loss		(487)	(405)	(989)	(1,179)
Total comprehensive income		$ 967	$ 2,251	$ 3,158	$ 5,454
[1]	Amounts are included in net gains on sale of investments on the Consolidated Statements of Operations in total other income.
[2]	Amounts are included in interest and dividends on investment securities on the Consolidated Statements of Operations.

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	6,633			6,633
Other comprehensive loss	(1,179)					(1,179)
Treasury stock activity	(336)						$ (336)
Stock issuance (net of issuance of proceeds of $25,000)	23,344	12	23,332
Committed to be released ESOP shares	211		102		109
Stock based compensation	172		172
Balance at ending at Jun. 30, 2019	139,668	78	84,705	57,045	(1,229)	(595)	(336)
Balance at beginning at Mar. 31, 2019	137,568	78	84,559	54,389	(1,265)	(190)	(3)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income	2,656			2,656
Other comprehensive loss	(405)					(405)
Treasury stock activity	(333)						(333)
Committed to be released ESOP shares	73		37		36
Stock based compensation	109		109
Balance at ending at Jun. 30, 2019	139,668	78	84,705	57,045	(1,229)	(595)	(336)
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	4,147			4,147
Other comprehensive loss	(989)					(989)
Treasury stock activity	(2,529)	(2)					(2,527)
Committed to be released ESOP shares	192		83		109
Stock based compensation	202		202
Balance at ending at Jun. 30, 2020	143,531	76	85,068	63,891	(1,083)	(1,558)	(2,863)
Balance at beginning at Mar. 31, 2020	143,150	77	84,939	62,437	(1,120)	(1,071)	(2,112)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income	1,454			1,454
Other comprehensive loss	(487)					(487)
Treasury stock activity	(752)	(1)					(751)
Committed to be released ESOP shares	42		5		37
Stock based compensation	124		124
Balance at ending at Jun. 30, 2020	$ 143,531	$ 76	$ 85,068	$ 63,891	$ (1,083)	$ (1,558)	$ (2,863)

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) (Parenthetical) $ in Thousands	9 Months Ended
	Jun. 30, 2019USD ($)shares
Statement Of Stockholders Equity [Abstract]
Proceeds from net of issuance cost | $	$ 25,000
Committed to be released ESOP shares | shares	10,800

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended		12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Sep. 30, 2019
Cash Flows from Operating Activities
Net Income	$ 1,454		$ 2,656	$ 4,147	$ 6,633
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation expense				563	573
Provision for Loan Losses	435	$ 2,200	56	3,210	2,379	$ 2,379
Deferred income tax benefit				(263)	(471)
ESOP expense				192	211
Stock based compensation				202	172
Amortization of premiums and discounts on investments securities, net				163	210
Amortization (accretion) of loan origination fees and costs				531	(564)
Amortization of mortgage servicing rights				58	32
Net gain on sale and call of investments securities available-for-sale	(1)		(27)	(181)	(27)
Net loss on sale of fixed assets				4
Net gain on sale of secondary market loans				(14)	(37)
Proceeds from sale of secondary market loans				449	2,867
Originations of secondary market loans				(435)	(2,830)
Earnings on bank-owned life insurance	(128)		(122)	(380)	(363)
Increase in accrued interest receivable				(1,427)	(437)
Increase in accrued interest payable				118	659
Operating lease liability payments				(499)
Increase in other liabilities				7,862	4,729
Increase in other assets				(4,389)	(4,990)
Amortization of subordinate debt				118	118
Net Cash Provided by Operating Activities				10,029	8,864
Investment securities available-for-sale:
Purchases				(28,188)	(12,000)
Sales			2,100	5,297	2,055
Maturities, calls and principal repayments				7,844	10,952
Investment securities held-to-maturity:
Maturities, calls and principal repayments				6,447	6,601
Net increase in loans				(24,120)	(115,800)
Net decrease (increase) in restricted stock				1,363	(1,867)
Purchase of property and equipment				(244)	(187)
Net Cash Used in Investing Activities				(31,601)	(110,246)
Cash Flows from Financing Activities
Net (decrease) increase in deposits				(69,367)	183,036
Proceeds for long-term borrowings				25,000	70,000
Repayment of long-term borrowings				(28,000)	(55,000)
Repayment of other borrowed money					(2,500)
Increase in advances from borrowers for taxes and insurance				1,869	2,040
Net proceeds from issuance of common stock					23,344
Acquisition of treasury stock				(2,529)	(336)
Net Cash (Used in) Provided by Financing Activities				(73,027)	220,584
Net (Decrease) Increase in Cash and Cash Equivalents				(94,599)	119,202
Cash and Cash Equivalents - Beginning		$ 153,543		153,543	30,834	30,834
Cash and Cash Equivalents - Ending	$ 58,944		$ 150,036	58,944	150,036	$ 153,543
Supplemental Cash Flows Information
Interest paid				13,403	12,653
Income taxes paid				1,077	1,255
Non-cash transfer to other real estate owned					5,796
Non-cash transfer of loans to loans held for sale					$ 367
Impact of ASC 842 adoption:
Right-of-use asset				3,279
Operating lease liability				$ (3,279)

The Company

The Company	9 Months Ended
	Jun. 30, 2020
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 bank holding company registered 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 GAAP.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Jun. 30, 2020
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 condition at June 30, 2020 and September 30, 2019 and the results of operations for the three and nine months ended June 30, 2020 and 2019, and cash flows for the nine months ended June 30, 2020 and 2019. 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 2019 Annual Report filed with the Securities and Exchange Commission (“SEC”) on December 16, 2019. The consolidated statements of operations for the three and nine months ended June 30, 2020 and the consolidated statements of cash flows for the nine months ended June 30, 2020 are not necessarily indicative of the results of operations or cash flows for the full year ending September 30, 2020 or any interim period. Subsequent events have been evaluated through the date of the issuance of the unaudited Consolidated Financial Statements. No significant subsequent events have occurred through this date requiring adjustment to the financial statements or disclosures. 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 June 30, 2020, except as described below: Leases The Company accounts for its leases in accordance with Financial Accounting Standards Board’s (“FASB”) Accounting Standards Codification (“ASC”) 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”) incurred. The right-of-use asset and lease liability is amortized over the individual lease terms. Lease expense for lease payments is recognized on a straight-line basis over the lease term. Operating, Accounting and Reporting Considerations related to COVID-19 The COVID-19 pandemic has negatively impacted the global economy. In response to the crisis, the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act was passed by Congress and signed into law on March 27, 2020. The CARES Act provides an estimated $2.2 trillion to fight the COVID-19 pandemic and stimulate the economy by supporting individuals and businesses through loans, grants, tax changes, and other types of relief. Section 4013 of the CARES Act, provides that, from the period beginning March 1, 2020 until the earlier of December 31, 2020 or the date that is 60 days after the date on which the national emergency concerning the COVID-19 pandemic declared by the President of the United States under the National Emergencies Act terminates (the “applicable period”) . • Accounting for Loan Modifications – The CARES Act provides that a financial institution may elect to suspend (1) the requirements under GAAP for certain loan modifications that would otherwise be categorized as a troubled debt restructure (“TDR”) and (2) any determination that such loan modifications would be considered a TDR, including the related impairment for accounting purposes. The suspension is applicable for the term of the loan modification that occurs during the applicable period for a loan that was not more than 30 days past due as of December 31, 2019. The suspension is not applicable to any adverse impact on the credit of a borrower that is not related to the pandemic. • Paycheck Protection Program – The CARES Act established the Paycheck Protection Program (“PPP”), an expansion of the Small Business Administration’s 7(a) loan program and the Economic Injury Disaster Loan Program (“EIDL”), administrated directly by the Small Business Administration (“SBA”). • Mortgage Forbearance – Under the CARES Act, through the earlier of December 31, 2020, mortgage customers experiencing financial hardship due to COVID-19 may request forbearance on the loan for up to 30 days, with up to two additional 30-day periods at the borrower’s request. Also in response to the COVID-19 pandemic, the Board of Governors of the Federal Reserve System (“FRB”), the Federal Deposit Insurance Corporation (“FDIC”), the National Credit Union Administration (“NCUA”), the Office of the Comptroller of the Currency (“OCC”), and the Consumer Financial Protection Bureau (“CFPB”), in consultation with the state financial regulators (collectively, the “agencies”) issued a joint interagency statement (issued March 22, 2020; revised statement issued April 7, 2020). Some of the provisions applicable to the Company include, but are not limited to: • Accounting for Loan Modifications – Loan modifications that do not meet the conditions of the CARES Act may still qualify as a modification that does not need to be accounted for as a TDR. The agencies confirmed with FASB staff that short-term modifications made on a good faith basis in response to COVID-19 to borrowers who are current prior to any relief are not TDRs. This includes short-term (e.g., six months) modifications such as payment deferrals, fee waivers, extensions of repayment terms, or insignificant delays in payments. • Past Due Reporting – With regard to loans not otherwise reportable as past due, financial institutions are not expected to designate loans with deferrals granted due to COVID-19 as past due because of the deferral. A loan’s payment date is governed by the due date stipulated in the legal agreements. If a financial institution agrees to a payment deferral, these loans would not be considered past due during the period of the deferral. • Nonaccrual Status and Charge-offs – During short-term COVID-19 modifications, these loans generally should not be reported as nonaccrual or as classified. Loan modifications were made in accordance with Section 4013 of the CARES Act and the Interagency Statement on Loan Modifications and Reporting for Financial Institutions working with customers affected by COVID-19 and therefore were not classified as TDRs Recently Adopted Leases . In February 2016, the FASB issued Accounting Standards Update (“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 requires 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 remains largely unchanged from current GAAP. This ASU also requires expanded quantitative and qualitative disclosures for both lessees and lessors. In July 2018, the FASB issued ASU No. 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 No. 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 No. 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 ROU assets and related lease liabilities of $ 3.3 million at October 1, 2019. At June 30, 2020 the Company had ROU assets and related lease liabilities of $ 2.8 million. Recent Accounting Pronouncements Yet to Be Adopted Reference Rate Reform. In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848) . The guidance allows for companies to: (1) account for certain contract modifications as a continuation of the existing contract without additional analysis; (2) continue hedge accounting when certain critical terms of a hedging relationship change and assess effectiveness in ways that disregard certain potential sources of ineffectiveness; and (3) make a one-time sale and/or transfer of certain debt securities from held-to-maturity to available-for-sale or trading. This ASU is available for adoption effective immediately, or as of January 1, 2020 or any date thereafter for the Company, and applies prospectively to contract modifications and hedging relationships. The one-time election to sell and/or transfer debt securities classified as held-to-maturity may be made at any time after March 12, 2020. The Corporation anticipates adopting this ASU and will continue to analyze the provisions of the ASU in connection with ongoing procedures to monitor the work of the Alternative Rates Committee of the FRB and Federal Reserve Bank of New York in identifying an alternative U.S. dollar reference interest rate. It is too early to predict whether a new rate index replacement, which we anticipate will be the Secured Overnight Financing Rate (“SOFR”). 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. Income Taxes. In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740). This ASU identifies, evaluates, and improves areas of GAAP 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, 2020, 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”). 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. 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.

Significant Events

Significant Events	9 Months Ended
	Jun. 30, 2020
Significant Events [Abstract]
Significant Events	Note 3 – Significant Events On March 11, 2020, the World Health Organization declared COVID-19, the disease caused by the novel coronavirus, a pandemic as a result of the global spread of the coronavirus illness. In response to the outbreak, federal and state authorities in the U.S. introduced various measures to try to limit or slow the spread of the virus, including travel restrictions, nonessential business closures, stay-at-home orders, and strict social distancing. The Company activated its Pandemic Plan to protect the health of employees and clients, which includes temporarily limiting lobby hours and transitioning some of the Company’s workforce to remote work. To date, the Company has not incurred any significant disruptions to its business activities. The full impact of COVID-19 is unknown and rapidly evolving. It has caused substantial disruption in international and U.S. economies, markets, and employment. The outbreak may have a significant adverse impact on certain industries the Company serves. Based on management’s current assessment of the increased inherit risk in the loan portfolio, fiscal third quarter 2020 results included an additional $435,000 in provision for loan losses, pre-tax. Because of the significant uncertainties related to the ultimate duration of the COVID-19 pandemic and its potential effects on clients and prospects, and on the national and local economy as a whole, there can be no assurances as to how the crisis may ultimately affect the Company’s loan portfolio. To work with clients impacted by COVID-19, the Company began providing financial hardship relief in the form of payment deferrals and forbearances to consumers and business customers across several lending products, as well as suspension of home foreclosures. The initial payment deferrals and forbearances were expected to cover a period of three months. The Company subsequently approved a second forbearance period for a maximum of 90 additional days. These offers are not classified as TDRs, will not be reported as past due during the deferral period, and do not result in loans being placed on nonaccrual status. As of June 30, 2020, the Company entered into 137 loan modification agreements with respect to $313.5 million, representing 30.2 percent of loans outstanding, compared to 127 loan modification agreements with respect to $312.6 million, representing 30.4 percent of loans outstanding, as of April 30, 2020. For loans subject to the program, each borrower is required to resume making regularly scheduled loan payment at the end of the modification period and the deferred amounts will be moved to the end of the loan term. As of August 1, 2020, $269.1 million, or 85.8 percent of COVID-19 modified loans reached their initial 90 day forbearance expiration. Of this amount, $140.6 million, or 52.2 percent, have returned to original contractual monthly payments and $128.5 million, or 47.8 percent, have requested or been approved for a second forbearance period for a maximum of 90 additional days. Of the $128.5 million, $22.7 million, or 17.6 percent, started paying interest only payments during the second forbearance period. .

Non-Interest Income

Non-Interest Income	9 Months Ended
	Jun. 30, 2020
Noninterest Income [Abstract]
Non-Interest Income	Note 4 – 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 non-interest income for the periods presented: Three Months Ended June 30, Nine Months Ended June 30, 2020 2019 2020 2019 (In thousands) Rental income $ 54 $ 53 $ 163 $ 184 Net gains on sale and call of investments 1 27 181 27 Net gains on sale of loans 11 - 14 37 Earnings on bank-owned life insurance 128 122 380 363 Non-interest income within the scope of other GAAP topics $ 194 $ 202 $ 738 $ 611 ATM fees $ 2 $ 2 $ 5 $ 4 Credit card fee income 5 6 16 17 DDA fee income 9 33 65 102 DDA service fees 16 19 54 55 Debit card fees 53 69 180 186 Other loan fee income 53 61 559 890 Other fee income 55 52 173 163 Other non-interest income 2 10 6 13 Non-interest income from contracts with customers $ 195 $ 252 $ 1,058 $ 1,430 Total Non-interest Income $ 389 $ 454 $ 1,796 $ 2,041 The decrease in other loan fee income during the nine months ended June 30, 2020 is primarily due to the recognition of approximately $337,000 less of net swap fees through the Bank’s commercial loan hedging program.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Earnings Per Share	Note 5 – 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 and nine months ended June 30, 2020, the Company issued 5,700 and 23,821 restricted shares , respectively, which are considered CSEs. t stock options covering a total of 7,000 shares of common stock were granted. , respectively, which are considered CSEs. t stock options covering a total of 7,000 shares of common stock were granted. The following table sets forth the composition of the weighted average shares (denominator) used in the earnings per share computations: Three Months Ended June 30, Nine Months Ended June 30, 2020 2019 2020 2019 (In thousands, except share data) Net Income $ 1,454 $ 2,656 $ 4,147 $ 6,633 Weighted average shares outstanding 7,629,722 7,775,598 7,717,778 7,740,010 Average unearned ESOP shares (91,347 ) (105,747 ) (94,958 ) (109,360 ) Basic weighted average shares outstanding 7,538,375 7,669,851 7,622,820 7,630,650 Plus: effect of potential dilutive common stock equivalents - stock options - 255 - 294 Diluted weighted average common shares outstanding 7,538,375 7,670,106 7,622,820 7,630,944 Earnings per common share: Basic $ 0.19 $ 0.35 $ 0.54 $ 0.87 Diluted $ 0.19 $ 0.35 $ 0.54 $ 0.87

Employee Stock Ownership Plan

Employee Stock Ownership Plan	9 Months Ended
	Jun. 30, 2020
Employee Stock Ownership Plan E S O P Shares In E S O P [Abstract]
Employee Stock Ownership Plan	Note 6 – 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, which bears an interest rate of 5%, is being repaid quarterly installments through 2026 principally from the Bank’s contributions to the ESOP.

Investment Securities

Investment Securities	9 Months Ended
	Jun. 30, 2020
Investments Debt And Equity Securities [Abstract]
Investment Securities	Note 7 - Investment Securities The Company’s investment securities are classified as available-for-sale or held-to-maturity at June 30, 2020 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 June 30, 2020 and September 30, 2019: June 30, 2020 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In thousands) Investment Securities Available-for-Sale: U.S. government agencies $ 5,039 $ 17 $ - $ 5,056 State and municipal obligations 3,703 7 - 3,710 Single issuer trust preferred security 1,000 - (163 ) 837 Corporate debt securities 22,462 46 (389 ) 22,119 Mutual funds 500 - - 500 Total $ 32,704 $ 70 $ (552 ) $ 32,222 Investment Securities Held-to-Maturity: State and municipal obligations $ 1,802 $ 120 $ - $ 1,922 Corporate debt securities 3,526 224 - 3,750 Mortgage-backed securities: Collateralized mortgage obligations (“CMO”), fixed-rate 10,593 242 - 10,835 Total $ 15,921 $ 586 $ - $ 16,507 Equity Securities: Mutual fund $ 1,000 $ 23 $ - $ 1,023 Total $ 1,000 $ 23 $ - $ 1,023 Total investment securities $ 49,625 $ 679 $ (552 ) $ 49,752 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 For t he nine months ended June 30, 2020, proceeds of available-for-sale investment securities sold amounted to approximately $5.3 million. There were gains of approximately $180,000 associated with these sales and $1,000 associated with a call of a security. For the three and nine months ended June 30, 2019, proceeds of available-for-sale investment securities sold amounted to approximately $2.1 million . There was a gain of approximately $27,000 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 June 30, 2020 and September 30, 2019 : June 30, 2020 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 $ - $ - $ 837 $ (163 ) $ 837 $ (163 ) Corporate debt securities 7,735 (227 ) 3,337 (162 ) 11,072 (389 ) Total $ 7,735 $ (227 ) $ 4,174 $ (325 ) $ 11,909 $ (552 ) Total investment securities $ 7,735 $ (227 ) $ 4,174 $ (325 ) $ 11,909 $ (552 ) 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 June 30, 2020, 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 June 30, 2020, the Company held Investment securities having a carrying value of approximately $5.3 million and $6.4 million at June 30, 2020 and September 30, 2019, respectively, were pledged to secure deposits. No investment securities were pledged to secure hedges at June 30, 2020. Investment securities having a carrying value of $4.0 million September 30, 2019 w The following table presents information for investment securities at June 30, 2020, based on scheduled maturities. Actual maturities can be expected to differ from scheduled maturities due to prepayment or early call options of the issuer. June 30, 2020 Amortized Cost Fair Value (In thousands) Available-for-Sale: Within 1 year $ 1,028 $ 1,031 Over 1 year through five years 6,675 6,517 After 5 years through ten years 17,462 17,223 Over 10 years 7,539 7,451 Total $ 32,704 $ 32,222 Held-to-Maturity: Over 1 year through five years $ 3,526 $ 3,750 After 5 years through ten years 1,802 1,922 Mortgage-backed securities: CMO, fixed-rate 10,593 10,835 Total $ 15,921 $ 16,507 Equity: Over 10 years $ 1,000 $ 1,023 Total $ 1,000 $ 1,023 Total investment securities $ 49,625 $ 49,752

Loans Receivable and Related Al

Loans Receivable and Related Allowance for Loan Losses	9 Months Ended
	Jun. 30, 2020
Receivables [Abstract]
Loans Receivable and Related Allowance for Loan Losses	Note 8 - Loans Receivable and Related Allowance for Loan Losses Loans receivable in the Company’s portfolio consisted of the following at the dates indicated below: June 30, 2020 September 30, 2019 (In thousands) Residential mortgage $ 246,215 $ 220,011 Construction and Development: Residential and commercial 56,999 40,346 Land 3,535 3,420 Total Construction and Development 60,534 43,766 Commercial: Commercial real estate 501,955 543,452 Farmland 7,531 7,563 Multi-family 66,416 62,884 Commercial and industrial 115,899 99,747 Other 8,397 4,450 Total Commercial 700,198 718,096 Consumer: Home equity lines of credit 18,097 19,506 Second mortgages 11,704 13,737 Other 2,074 2,030 Total Consumer 31,875 35,273 Total loans 1,038,822 1,017,146 Deferred loan fees and costs, net 338 663 Allowance for loan losses (11,067 ) (10,095 ) Total loans receivable, net $ 1,028,093 $ 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 June 30, 2020 and September 30, 2019. Activity in the ALLL is presented for the three and nine months ended June 30, 2020 and 2019 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 June 30, 2020 Beginning balance $ 1,492 $ 354 $ 24 $ 7,282 $ 42 $ 444 $ 516 $ 35 $ 127 $ 212 $ 21 $ 7 $ 10,556 Charge-offs - - - - - - - - - - - - - Recoveries 1 - - 2 - - 1 - 1 71 - - 76 Provisions 203 51 2 (67 ) 5 203 75 8 9 (60 ) 1 5 435 Ending balance $ 1,696 $ 405 $ 26 $ 7,217 $ 47 $ 647 $ 592 $ 43 $ 137 $ 223 $ 22 $ 12 $ 11,067 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 June 30, 2019 Beginning balance $ 1,130 $ 601 $ 33 $ 5,767 $ 62 $ 419 $ 452 $ 33 $ 101 $ 359 $ 24 $ 1,035 $ 10,016 Charge-offs - - - - - - - - - - - - - Recoveries - - - 18 - - 1 - - 8 7 - 34 Provisions 66 17 (9 ) (238 ) (34 ) (7 ) 90 (11 ) 5 (22 ) (7 ) 206 56 Ending balance $ 1,196 $ 618 $ 24 $ 5,547 $ 28 $ 412 $ 543 $ 22 $ 106 $ 345 $ 24 $ 1,241 $ 10,106 Construction and Development Commercial Consumer Residential Mortgage Residential and Commercial Land Commercial Real Estate Farmland Multi- Family Commercial and Industrial(1) Other Home Equity Lines of Credit Second Mortgages Other Unallocated Total Allowance for loan losses: (In thousands) Nine Months Ended June 30, 2020 Beginning balance $ 1,364 $ 523 $ 20 $ 5,903 $ 49 $ 369 $ 615 $ 21 $ 122 $ 267 $ 23 $ 819 $ 10,095 Charge-offs - - - (2,288 ) - - - - (62 ) (3 ) - - (2,353 ) Recoveries 24 - - 4 - - 2 - 1 83 1 - 115 Provisions 308 (118 ) 6 3,598 (2 ) 278 (25 ) 22 76 (124 ) (2 ) (807 ) 3,210 Ending balance $ 1,696 $ 405 $ 26 $ 7,217 $ 47 $ 647 $ 592 $ 43 $ 137 $ 223 $ 22 $ 12 $ 11,067 Ending balance: individually evaluated for impairment $ 2 $ - $ - $ 109 $ - $ - $ - $ - $ - $ 99 $ 1 $ - $ 211 Ending balance: collectively evaluated for impairment $ 1,694 $ 405 $ 26 $ 7,108 $ 47 $ 647 $ 592 $ 43 $ 137 $ 124 $ 21 $ 12 $ 10,856 Loans receivable: Ending balance $ 246,215 $ 56,999 $ 3,535 $ 501,955 $ 7,531 $ 66,416 $ 115,899 $ 8,397 $ 18,097 $ 11,704 $ 2,074 $ 1,038,822 Ending balance: individually evaluated for impairment $ 3,435 $ - $ - $ 18,187 $ - $ - $ - $ - $ 28 $ 861 $ 1 $ 22,512 Ending balance: collectively evaluated for impairment $ 242,780 $ 56,999 $ 3,535 $ 483,768 $ 7,531 $ 66,416 $ 115,899 $ 8,397 $ 18,069 $ 10,843 $ 2,073 $ 1,016,310 (1) Commercial and industrial contains $17.7 million of PPP loans which were not collectively evaluated for potential impairment. No allowance for loan loss was allocated to the PPP loan portfolio due to the Bank complying with the lender obligations that ensure SBA guarantee. 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) Nine Months Ended June 30, 2019 Beginning balance $ 1,062 $ 393 $ 49 $ 5,031 $ 66 $ 232 $ 443 $ 24 $ 82 $ 326 $ 51 $ 1,262 $ 9,021 Charge-offs (17 ) - - (1,376 ) - - - - - (1 ) (37 ) - (1,431 ) Recoveries 79 - - 22 - - 4 - 1 22 9 - 137 Provisions 72 225 (25 ) 1,870 (38 ) 180 96 (2 ) 23 (2 ) 1 (21 ) 2,379 Ending balance $ 1,196 $ 618 $ 24 $ 5,547 $ 28 $ 412 $ 543 $ 22 $ 106 $ 345 $ 24 $ 1,241 $ 10,106 Ending balance: individually evaluated for impairment $ 3 $ - $ - $ 76 $ - $ - $ - $ - $ - $ 169 $ 1 $ - $ 249 Ending balance: collectively evaluated for impairment $ 1,193 $ 618 $ 24 $ 5,471 $ 28 $ 412 $ 543 $ 22 $ 106 $ 176 $ 23 $ 1,241 $ 9,857 Loans receivable: Ending balance $ 216,114 $ 47,485 $ 3,809 $ 543,045 $ 5,388 $ 64,050 $ 97,877 $ 5,356 $ 19,348 $ 15,018 $ 2,081 $ 1,019,571 Ending balance: individually evaluated for impairment $ 3,571 $ - $ - $ 9,748 $ - $ - $ - $ - $ 31 $ 663 $ 1 $ 14,014 Ending balance: collectively evaluated for impairment $ 212,543 $ 47,485 $ 3,809 $ 533,297 $ 5,388 $ 64,050 $ 97,877 $ 5,356 $ 19,317 $ 14,355 $ 2,080 $ 1,005,557 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 loan 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. ny unallocated portion of the ALLL 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. The impact of COVID-19 on companies is evolving rapidly and its future effects are uncertain. Although several of the Company’s asset quality metrics have not significantly been adversely affected during the third fiscal quarter of 2020, management determined it is prudent to increase its loan loss reserves through the adjustment in its qualitative factors, such as changes in current business and economic conditions, nature and volume, concentration of credit and the value of the underlying collateral. All of these factors are likely to be affected by the COVID-19 pandemic. As previously disclosed for the quarter ended December 31, 2019, additional information was received concerning a certain $9.1 million collateral dependent commercial loan relationship (the “Loan”), which was classified as an accruing TDR as of December 31, 2019. In determining the ALLL and impairment on the Loan as of December 31, 2019, the Company followed guidance under ASC 310-10-35. When measuring impairment on an individual basis under ASC 310-10-35, the Company considered the fair value of the Loan’s collateral, given that, based on available information, the Loan was collateral dependent. Accordingly, the Company charged-off $2.3 million of the Loan, placed the Loan on non-accrual status, recorded an additional $2.2 million provision for loan losses for the three months ended December 31, 2019 and reversed approximately $24,000 of interest income (related to the December 31, 2019 principal and interest payment), crediting it to principal. In addition, one commercial real estate loan in the amount of $ 10.6 million previously classified as non-impaired was moved to substandard impaired and remained accruing during the second fiscal quarter 2020. M anagement restructured this loan and reclassified it as performing TDR during the third fiscal quarter 2020 . . The increase in impaired loans with no specific allowance is primarily due to two commercial real estate loans noted above. 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 June 30, 2020 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) June 30, 2020 Residential mortgage $ 195 $ 2 $ 3,240 $ 3,435 $ 3,626 Commercial: Commercial real estate 292 109 17,895 18,187 18,187 Consumer: Home equity lines of credit - - 28 28 31 Second mortgages 170 99 691 861 926 Other 1 1 - 1 1 Total impaired loans $ 658 $ 211 $ 21,854 $ 22,512 $ 22,771 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 and nine months ended June 30, 2020 and 2019: Three Months Ended June 30, 2020 Nine Months Ended June 30, 2020 Average Impaired Loans Interest Income Recognized on Impaired Loans Average Impaired Loans Interest Income Recognized on Impaired Loans (In thousands) Residential mortgage $ 3,448 $ 24 $ 3,487 $ 71 Commercial: Commercial real estate 18,190 109 12,822 129 Consumer: Home equity lines of credit 28 - 29 - Second mortgages 844 2 856 14 Total $ 22,510 $ 135 $ 17,194 $ 214 Three Months Ended June 30, 2019 Nine Months Ended June 30, 2019 Average Impaired Loans Interest Income Recognized on Impaired Loans Average Impaired Loans Interest Income Recognized on Impaired Loans (In thousands) Residential mortgage $ 3,577 $ 21 $ 5,372 $ 69 Construction and Development: Land 44 - 93 2 Commercial: Commercial real estate 10,007 76 17,650 227 Consumer: Home equity lines of credit 32 - 55 - Second mortgages 667 2 977 7 Other 1 - 14 - Total $ 14,328 $ 99 $ 24,161 $ 305 The following table presents the classes of the loan portfolio categorized as pass, special mention, substandard and doubtful within the Company’s internal risk rating system as of June 30, 2020 and September 30, 2019: Pass Special Mention Substandard Doubtful Total (In thousands) June 30, 2020: Residential mortgage $ 242,683 $ - $ 3,532 $ - $ 246,215 Construction and Development: Residential and commercial 56,999 - - - 56,999 Land 3,535 - - - 3,535 Commercial: Commercial real estate 458,760 24,497 18,698 - 501,955 Farmland 7,531 - - - 7,531 Multi-family 56,885 9,531 - - 66,416 Commercial and industrial 115,775 - 124 - 115,899 Other 8,397 - - - 8,397 Consumer: Home equity lines of credit 17,982 - 115 - 18,097 Second mortgages 10,517 80 1,107 - 11,704 Other 2,073 - 1 - 2,074 Total $ 981,137 $ 34,108 $ 23,577 $ - $ 1,038,822 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 as of June 30, 2020 and September 30, 2019, by portfolio class: June 30, 2020 September 30, 2019 (In thousands) Non-accrual loans: Residential mortgage $ 1,877 $ 1,532 Commercial: Commercial real estate 6,743 - Consumer: Home equity lines of credit 28 30 Second mortgages 223 259 Total non-accrual loans $ 8,871 $ 1,821 As noted above, the Company charged-off $2.3 million of a $9.1 million commercial real estate loan, and placed the loan on non-accrual status. 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 non-accrual loans had they been current in accordance with their original terms was approximately $49,000 and $63,000 for the three and nine months ended June 30, 2020, respectively, and three and nine months ended June 30, 2019, respectively Management monitors the performance and credit quality of the loan portfolio by analyzing the age of the portfolio and categorizing each loan as “current”, meaning payment is received from a borrower by the scheduled due date, or by the length of time a scheduled payment is past due. The following table presents the classes of the loan portfolio categorized by the aging categories described above as of June 30, 2020 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) June 30, 2020: Residential mortgage $ 243,909 $ 73 $ 675 $ 1,558 2,306 $ 246,215 $ 195 Construction and Development: Residential and commercial 56,999 - - - - 56,999 - Land 3,535 - - - - 3,535 - Commercial: Commercial real estate 501,644 - 311 - 311 501,955 - Farmland 7,531 - - - - 7,531 - Multi-family 66,416 - - - - 66,416 - Commercial and industrial 115,899 - - - - 115,899 - Other 8,397 - - - - 8,397 - Consumer: Home equity lines of credit 18,022 - 47 28 75 18,097 - Second mortgages 11,000 379 104 221 704 11,704 69 Other 2,072 - 1 1 2 2,074 1 Total $ 1,035,424 $ 452 $ 1,138 $ 1,808 $ 3,398 $ 1,038,822 $ 265 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 are typically the result of an extension of the loan maturity date or a reduction of the interest rate of the loan to a rate that is below market, a combination of rate and maturity extension, or by other means, including covenant modifications, forbearance and other concessions. However, the Bank generally restructures loans by modifying the payment structure to require payments of interest only for a specified period or by reducing the actual interest rate. Once a loan becomes a TDR, it will continue to be reported as a TDR during the term of the restructure. The Company had twenty-six and twenty-four loans classified as TDRs at June 30, 2020 and September 30, 2019, respectively, with an aggregate outstanding balance of $21.8 million and $13.3 million, respectively. At June 30, 2020, these loans were also classified as impaired. Nineteen of the TDR loans continue to perform under the restructured terms through June 30, 2020 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 ALLL. 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 where, 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 $175,000 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 (Dollars in thousands) June 30, 2020: Residential mortgage 17 $ 3,475 6 $ 1,446 Commercial: Commercial real estate 5 18,187 1 6,743 Consumer: Second mortgages 4 167 - - Total 26 $ 21,829 $ 7 $ 8,189 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: June 30, 2020 September 30, 2019 Performing Non-Performing Performing Non-Performing (In thousands) Residential mortgage $ 2,029 $ 1,446 $ 2,282 $ 1,090 Commercial: Commercial real estate 11,444 6,743 9,707 - Consumer: Second mortgages 167 - 181 - Total $ 13,640 $ 8,189 $ 12,170 $ 1,090 The following table shows the new TDRs for the three and nine months ended June 30, 2020 and 2019: For the Three Months Ended June 30, 2020 2019 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: Commercial: Commercial real estate 1 $ 10,635 $ 10,635 - $ - $ - Total troubled debt restructurings 1 $ 10,635 $ 10,635 - $ - $ - For the Nine Months Ended June 30, 2020 2019 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 (Dollars in thousands) Troubled Debt Restructurings: Residential mortgage 1 $ 207 $ 207 4 $ 732 $ 704 Commercial: Commercial real estate 2 $ 10,930 $ 10,926 - $ - $ - Consumer: Second mortgages - $ - $ - 1 $ 80 $ 76 Total troubled debt restructurings 3 $ 11,137 $ 11,133 5 $ 812 $ 780

Regulatory Matters

Regulatory Matters	9 Months Ended
	Jun. 30, 2020
Regulatory Matters Disclosure [Abstract]
Regulatory Matters	Note 9 - 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. On February 28, 2020, the Company’s Board of Directors extended the timeframe for its current stock repurchase program from March 31, 2020 to December 31, 2020. Repurchase authority 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. uring the three and nine months ended June 30, 2020 shares and 177,653 shares, respectively, of its common stock in the open market under the repurchase plan at an average cost of $11.69 per share and $14.23 per share, respectively. As of June 30, 2020, no shares remain available for issuance under the repurchase plan. 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 June 30, 2020, 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 June 30, 2020 and September 30, 2019: Actual For Capital Adequacy Purposes To be Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) As of June 30, 2020 Tier 1 Leverage (Core) Capital (to adjusted assets) $ 145,089 11.86 % $ 48,949 4.00 % $ 61,186 5.00 % Common Equity Tier 1 Capital (to risk weighted assets) 145,089 14.28 % 45,724 4.50 % 66,045 6.50 % Tier 1 Capital (to risk weighted assets) 145,089 14.28 % 60,965 6.00 % 81,287 8.00 % Total Risk Based Capital (to risk weighted assets) 180,974 17.81 % 81,287 8.00 % 101,608 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 June 30, 2020 and September 30, 2019 : Actual For Capital Adequacy Purposes To be Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) As of June 30, 2020 Tier 1 Leverage (Core) Capital (to adjusted assets) $ 158,625 12.98 % $ 48,898 4.00 % $ 61,123 5.00 % Common Equity Tier 1 Capital (to risk weighted assets) 158,625 15.63 % 45,659 4.50 % 65,951 6.50 % Tier 1 Capital (to risk weighted assets) 158,625 15.63 % 60,878 6.00 % 81,171 8.00 % Total Risk Based Capital (to risk weighted assets) 169,773 16.73 % 81,171 8.00 % 101,464 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	9 Months Ended
	Jun. 30, 2020
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Derivatives and Hedging Activities	Note 10 – 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 June 30, 2020, 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 $977,000 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. 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 June 30, 2020 and September 30, 2019: ` June 30, 2020 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 $ - $ - Other assets $ 90,000 $ 1,536 Other liabilities Derivatives not designated as a hedging instrument: Interest rate swap agreement $ 45,264 $ 9,289 Other assets $ 45,264 $ 9,294 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 June 30, 2020 and September 30, 2019 : Offsetting of Derivative Assets (In thousands) as of June 30, 2020 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 $ 9,289 $ - $ 9,289 $ - $ - $ 9,289 Offsetting of Derivative Liabilities (In thousands) as of June 30, 2020 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 $ 10,830 $ - $ 10,830 $ 1,670 $ 12,597 $ (3,437 ) 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 loss and the Consolidated Statements of Operations relating to the cash flow derivative instruments for the three and nine months ended June 30, 2020 and 2019: Three Months Ended June 30, 2020 Amount of Loss Recognized in OCI on Derivative Amount of Loss Reclassified from OCI to Interest Expense (In thousands) Interest rate swap agreements $ (433 ) $ (122 ) Total derivatives (433 ) (122 ) Nine Months Ended June 30, 2020 Amount of Loss Recognized in OCI on Derivative Amount of Loss Reclassified from OCI to Interest Expense (In thousands) Interest rate swap agreements $ (1,086 ) $ (183 ) Total derivatives (1,086 ) (183 ) Three Months Ended June 30, 2019 Amount of Loss Recognized in OCI on Derivative Amount of Gain Reclassified from OCI to Interest Expense (In thousands) Interest rate swap agreements $ (578 ) $ 86 Total derivatives (578 ) 86 Nine Months Ended June 30, 2019 Amount of Loss Recognized in OCI on Derivative Amount of Gain Reclassified from OCI to Interest Expense (In thousands) Interest rate swap agreements $ (1,514 ) $ 253 Total derivatives (1,514 ) 253 The tables below present the effect of the Company’s derivative financial instruments on the Consolidated Statements of Operations for the three and nine months ended June 30, 2020 and 2019: Three Months Ended June 30, 2020 Consolidated Statements of Operations Amount of Gain (Loss) Recognized in Income on derivatives (In thousands) Derivatives not designated as a hedging instrument: Interest rate swap agreement Other income $ - Total $ - Nine Months Ended June 30, 2020 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 $ (6) Total $ (6) Three Months Ended June 30, 2019 Consolidated Statements of Operations Amount of Gain (Loss) Recognized in Income on derivatives (In thousands) Derivatives not designated as a hedging instrument: Interest rate swap agreement Other income $ - Total $ - Nine Months Ended June 30, 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 $ (2) Total $ (2) The Company has agreements with each of its derivative counterparties that contain a provision providing that if the Company defaults on any of its indebtedness, including defaults 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 June 30, 2020 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 June 30, 2020 and September 30, 2019. $0

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Jun. 30, 2020
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 11 - 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 June 30, 2020 or September 30, 2019. The tables below present the balances of assets measured at fair value on a recurring basis as of June 30, 2020 and September 30, 2019: June 30, 2020 Total Level 1 Level 2 Level 3 (In thousands) Assets: Investment securities available for sale: Debt securities: U.S. government agencies $ 5,056 $ - $ 5,056 $ - State and municipal obligations 3,710 - 3,710 - Single issuer trust preferred security 837 - 837 - Corporate debt securities 22,119 - 22,119 - Mutual funds 500 - - 500 Total investment securities available for sale $ 32,222 $ - $ 31,722 $ 500 Equity securities: Mutual fund $ 1,023 $ 1,023 $ - $ - Total equity investment securities $ 1,023 $ 1,023 $ - $ - Derivative instruments $ 9,289 $ - $ 9,289 $ - Liabilities: Derivative instruments $ 10,830 $ - $ 10,830 $ - 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 fund 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 $ - The following tables present additional information about the securities available-for-sale measured at fair value on a recurring basis and for which the Company utilized significant unobservable inputs (Level 3 inputs) to determine fair value for the nine months ended June 30, 2020 and June 30, 2019: Fair value measurements using significant unobservable inputs (Level 3) (In thousands) Balance, October 1, 2019 $ 250 Payments received - Total gains or losses (realized/unrealized) Included in earnings - Included in other comprehensive income - Purchases 250 Transfers in and/or out of Level 3 - Balance, June 30, 2020 $ 500 Fair value measurements using significant unobservable inputs (Level 3) (In thousands) Balance, October 1, 2018 $ 250 Payments received - Total gains or losses (realized/unrealized) Included in earnings - Included in other comprehensive income - Purchases - Transfers in and/or out of Level 3 - Balance, June 30, 2019 $ 250 The majority of the Company’s available for sale investment securities are reported at fair value utilizing Level 2 inputs. For these securities, the Company obtains fair value measurements from an independent pricing service. The fair value measurements consider observable data that may include dealer quotes, market spreads, cash flows, the U.S. Treasury yield curve, live trading levels, trade execution data, market consensus prepayment speeds, credit information and the securities’ terms and conditions, among other things. From time to time, the Company validates prices supplied by the independent pricing service by comparison to prices obtained from third-party sources or derived using internal models. 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 June 30, 2020 and September 30, 2019: June 30, 2020 Total Level 1 Level 2 Level 3 (In thousands) Other real estate owned $ 5,796 $ - $ - $ 5,796 Impaired loans (1) 447 - - 447 Total $ 6,243 $ - $ - $ 6,243 June 30, 2020 Fair Value at June 30, 2020 Valuation Technique Unobservable Input Range/(Weighted Average) (Dollars in thousands) Other real estate owned $ 5,796 Appraisal of Collateral(2) Collateral discount(3) 0%/(0%) Impaired loans (1) 447 Appraisal of Collateral(2) Collateral discount(3) 5.0%-12.0%/(5.3%) Total $ 6,243 (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) (Dollars 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 June 30, 2020 and September 30, 2019, the Company did not have any additions to our mortgage servicing assets. At June 30, 2020 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 June 30, 2020 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 June 30, 2020 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), and equity securities (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 ALLL. 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 June 30, 2020 and September 30, 2019 are presented below: June 30, 2020 Carrying Amount Fair Value Level 1 Level 2 Level 3 (In thousands) Financial assets: Cash and cash equivalents $ 58,944 $ 58,944 $ 58,944 $ - $ - Investment securities available-for-sale 32,222 32,222 - 31,722 500 Investment securities held-to-maturity 15,921 16,507 - 16,507 - Equity investment securities 1,023 1,023 1,023 - - Loans receivable, net (including impaired loans) 1,028,093 1,039,305 - - 1,039,305 Accrued interest receivable 5,680 5,680 - 5,680 - Restricted stock 9,766 9,766 - 9,766 - Mortgage servicing rights (included in Other Assets) 120 120 - 120 - Derivatives (included in Other Assets) 9,289 9,289 - 9,289 - Financial liabilities: Savings accounts 43,702 43,702 - 43,702 - Checking and NOW accounts 324,681 324,681 - 324,681 - Money market accounts 281,419 281,419 - 281,419 - Certificates of deposit 234,642 238,553 - 238,553 - Borrowings (excluding sub debt) 130,000 130,997 - 130,997 - Subordinated debt 24,737 25,347 - 25,347 - Derivatives (included in Other Liabilities) 10,830 10,830 - 10,830 - Accrued interest payable 1,096 1,096 - 1,096 - 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)	9 Months Ended
	Jun. 30, 2020
Equity [Abstract]
Comprehensive Income (Loss)	Note 12 – Comprehensive Income (Loss) The components of accumulated other comprehensive loss included in shareholders’ equity are as follows: June 30, 2020 September 30, 2019 (In thousands) Net unrealized holding losses on available-for-sale securities $ (459 ) $ (111 ) Tax effect 96 24 Net of tax amount (363 ) (87 ) Fair value adjustments on derivatives (1,536 ) (610 ) Tax effect 341 128 Net of tax amount (1,195 ) (482 ) Total accumulated other comprehensive loss $ (1,558 ) $ (569 ) Other comprehensive loss and related tax effects are presented in the following table: Three Months Ended June 30, Nine Months Ended June 30, 2020 2019 2020 2019 (In thousands) Net unrealized holding (losses) gains on available-for-sale securities $ (302 ) $ 177 $ (169 ) $ 298 Net realized gain on securities available-for-sale (1 ) (27 ) (181 ) (27 ) Amortization of unrealized holding losses on securities transferred from available-for-sale to held-to-maturity 1 1 3 4 Adjustment for loss recorded on replacement of derivative 23 - 23 - Fair value adjustments on derivatives (336 ) (664 ) (927 ) (1,767 ) Other comprehensive loss before taxes (615 ) (513 ) (1,251 ) (1,492 ) Tax effect 128 108 262 313 Total other comprehensive loss $ (487 ) $ (405 ) $ (989 ) $ (1,179 )

Equity Based Incentive Compensa

Equity Based Incentive Compensation Plan	9 Months Ended
	Jun. 30, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Equity Based Incentive Compensation Plan	Note 13 – 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 June 30, 2020, there were 318,651 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 stock 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 June 30, 2020. During the nine months ended June 30, 2020, stock options covering a total of 7,000 shares of common stock were granted. Total compensation expense related to stock options granted under the 2014 Plan was approximately $9,000 and $21,000 for the three and nine months ended June 30, 2020, respectively. The Company did not grant any stock options during the three months ended June 30, 2019. During the nine months ended June 30, 2019, stock options covering a total of 7,000 shares of common stock were granted. Total compensation expense related to stock options granted under the 2014 Plan was approximately $ and $ for the three and nine months ended June 30, 2019 , respectively . During the three and nine months ended June 30, 2020 a total of 5,700 and 23,821 restricted shares were awarded, respectively. During the nine months ended June 30, 2020 a total of 1,610 shares were forfeited. No shares were forfeited during the three months and nine months ended June 30, 2019. T 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 assumptions used in determining the fair value of stock option grants for the nine months ended June 30, 2020 are as follows: Weighted Average Fair Value of Awards $ 4.72 Risk Free Rate 1.22 % Dividend Yield -% Volatility 19.86 % Expected Life 6.5 years The assumptions used in determining the fair value of stock option grants for nine months ended June 30, 2019 are as follows: Weighted Average Fair Value of Awards $ 5.72 Risk Free Rate 2.50 % Dividend Yield -% Volatility 20.39 % Expected Life 6.5 years The following is a summary of stock option activity for the nine months ended June 30, 2020: 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 7,000 $ 20.28 $ - Exercised - $ - $ - Forfeited/cancelled/expired - $ - $ - Outstanding, end of year 25,830 $ 21.57 8.071 $ - Exercisable, end of year 8,140 $ 21.50 7.046 $ - Nonvested, at end of year 17,690 $ 21.60 As of June 30, 2020, there was approximately $92,000 of total unrecognized compensation cost related to nonvested stock options under the 2014 Plan. The cost is expected to be recognized over a weighted average period of 3.41 years. Restricted Stock Awards The table below summarizes the activity for the Company’s restricted stock outstanding during the nine months ended June 30, 2020: Shares Weighted Average Fair Value Outstanding, beginning of year 18,493 $ 21.78 Granted 23,821 $ 19.62 Vested 10,051 $ 16.62 Forfeited/cancelled/expired 1,610 $ 21.43 Outstanding, end of year 30,653 $ 21.98 As of June 30, 2020, there was approximately $588,000 of total unrecognized compensation cost related to nonvested shares of restricted stock granted under the 2014 Plan. The cost is expected to be recognized over a weighted average period of 3.81 years.

Deposits

Deposits	9 Months Ended
	Jun. 30, 2020
Deposits [Abstract]
Deposits	Note 14 – Deposits Deposits classified by type with percentages to total deposits at June 30, 2020 and September 30, 2019 consisted of the following: June 30, September 30, 2020 2019 (Dollars in thousands) Balances by types of deposit: Savings $ 43,702 4.94 % $ 41,875 4.39 % Money market accounts 281,419 31.82 276,644 29.00 Interest-bearing demand 277,238 31.35 302,039 31.67 Non-interest-bearing demand 47,443 5.36 55,684 5.84 649,802 73.47 % 676,242 70.90 % Certificates of deposit 234,642 26.53 % 277,569 29.10 % Total Deposits $ 884,444 100.00 % $ 953,811 100.00 % The total amount of certificates of deposit of $250,000 and greater at June 30, 2020 and September 30, 2019 was $57.7 million and $63.5 million, respectively. We had brokered deposits totaling $11.1 million and $73.1 million at June 30, 2020 and September 30, 2019, respectively. Interest expense on deposits consisted of the following: Three Months Ended June 30, Nine Months Ended June 30, 2020 2019 2020 2019 (In thousands) Savings accounts $ 11 $ 13 $ 35 $ 36 Money market accounts 902 1,338 3,122 3,523 Interest-bearing demand 661 973 2,920 2,625 Certificates of deposit 1,302 1,602 4,159 4,081 Total $ 2,876 $ 3,926 $ 10,236 $ 10,265 As of June 30, 2020, the scheduled maturities of certificates of deposits are as follows: Scheduled Maturities (In thousands) Period Ending June 30, 2021 $ 178,227 2022 26,952 2023 8,257 2024 11,924 Thereafter 9,282 Total $ 234,642

Leases

Leases	9 Months Ended
	Jun. 30, 2020
Leases [Abstract]
Leases	Note 15 – 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 June 30, 2020, 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 June 30, Nine Months Ended June 30, 2020 2019 2020 2019 (In thousands) (In thousands) Operating lease cost $ 175 $ 122 $ 523 $ 357 Finance lease cost - - - - Short-term lease cost 26 15 79 45 Total $ 201 $ 137 $ 602 $ 402 Supplemental information at and for June 30, 2020 and the nine months ended June 30, 2020 related to leases was as follows: June 30, 2020 (Dollars in thousands) Supplemental balance sheet information Operating lease right-of-use assets $ 2,799 Operating lease liabilities $ 2,824 Weighted average remaining lease term 5.57 years Weighted average discount rate 1.99 % Nine Months Ended June 30, 2020 (In thousands) Supplemental cash flow information Operating cash flows from operating leases $ 499 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 $ 169 2021 601 2022 492 2023 474 2024 474 Thereafter 746 Total lease payments $ 2,956 Less: imputed interest (132 ) Total $ 2,824

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Jun. 30, 2020
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 condition at June 30, 2020 and September 30, 2019 and the results of operations for the three and nine months ended June 30, 2020 and 2019, and cash flows for the nine months ended June 30, 2020 and 2019. 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 2019 Annual Report filed with the Securities and Exchange Commission (“SEC”) on December 16, 2019. The consolidated statements of operations for the three and nine months ended June 30, 2020 and the consolidated statements of cash flows for the nine months ended June 30, 2020 are not necessarily indicative of the results of operations or cash flows for the full year ending September 30, 2020 or any interim period. Subsequent events have been evaluated through the date of the issuance of the unaudited Consolidated Financial Statements. No significant subsequent events have occurred through this date requiring adjustment to the financial statements or disclosures.
Leases	Leases The Company accounts for its leases in accordance with Financial Accounting Standards Board’s (“FASB”) Accounting Standards Codification (“ASC”) 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”) incurred. The right-of-use asset and lease liability is amortized over the individual lease terms. Lease expense for lease payments is recognized on a straight-line basis over the lease term. Operating, Accounting and Reporting Considerations related to COVID-19 The COVID-19 pandemic has negatively impacted the global economy. In response to the crisis, the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act was passed by Congress and signed into law on March 27, 2020. The CARES Act provides an estimated $2.2 trillion to fight the COVID-19 pandemic and stimulate the economy by supporting individuals and businesses through loans, grants, tax changes, and other types of relief. Section 4013 of the CARES Act, provides that, from the period beginning March 1, 2020 until the earlier of December 31, 2020 or the date that is 60 days after the date on which the national emergency concerning the COVID-19 pandemic declared by the President of the United States under the National Emergencies Act terminates (the “applicable period”) . • Accounting for Loan Modifications – The CARES Act provides that a financial institution may elect to suspend (1) the requirements under GAAP for certain loan modifications that would otherwise be categorized as a troubled debt restructure (“TDR”) and (2) any determination that such loan modifications would be considered a TDR, including the related impairment for accounting purposes. The suspension is applicable for the term of the loan modification that occurs during the applicable period for a loan that was not more than 30 days past due as of December 31, 2019. The suspension is not applicable to any adverse impact on the credit of a borrower that is not related to the pandemic. • Paycheck Protection Program – The CARES Act established the Paycheck Protection Program (“PPP”), an expansion of the Small Business Administration’s 7(a) loan program and the Economic Injury Disaster Loan Program (“EIDL”), administrated directly by the Small Business Administration (“SBA”). • Mortgage Forbearance – Under the CARES Act, through the earlier of December 31, 2020, mortgage customers experiencing financial hardship due to COVID-19 may request forbearance on the loan for up to 30 days, with up to two additional 30-day periods at the borrower’s request. Also in response to the COVID-19 pandemic, the Board of Governors of the Federal Reserve System (“FRB”), the Federal Deposit Insurance Corporation (“FDIC”), the National Credit Union Administration (“NCUA”), the Office of the Comptroller of the Currency (“OCC”), and the Consumer Financial Protection Bureau (“CFPB”), in consultation with the state financial regulators (collectively, the “agencies”) issued a joint interagency statement (issued March 22, 2020; revised statement issued April 7, 2020). Some of the provisions applicable to the Company include, but are not limited to: • Accounting for Loan Modifications – Loan modifications that do not meet the conditions of the CARES Act may still qualify as a modification that does not need to be accounted for as a TDR. The agencies confirmed with FASB staff that short-term modifications made on a good faith basis in response to COVID-19 to borrowers who are current prior to any relief are not TDRs. This includes short-term (e.g., six months) modifications such as payment deferrals, fee waivers, extensions of repayment terms, or insignificant delays in payments. • Past Due Reporting – With regard to loans not otherwise reportable as past due, financial institutions are not expected to designate loans with deferrals granted due to COVID-19 as past due because of the deferral. A loan’s payment date is governed by the due date stipulated in the legal agreements. If a financial institution agrees to a payment deferral, these loans would not be considered past due during the period of the deferral. • Nonaccrual Status and Charge-offs – During short-term COVID-19 modifications, these loans generally should not be reported as nonaccrual or as classified. Loan modifications were made in accordance with Section 4013 of the CARES Act and the Interagency Statement on Loan Modifications and Reporting for Financial Institutions working with customers affected by COVID-19 and therefore were not classified as TDRs
Recently Adopted Accounting Pronouncements and Recent Accounting Pronouncements Yet to Be Adopted	Recently Adopted Leases . In February 2016, the FASB issued Accounting Standards Update (“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 requires 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 remains largely unchanged from current GAAP. This ASU also requires expanded quantitative and qualitative disclosures for both lessees and lessors. In July 2018, the FASB issued ASU No. 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 No. 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 No. 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 ROU assets and related lease liabilities of $ 3.3 million at October 1, 2019. At June 30, 2020 the Company had ROU assets and related lease liabilities of $ 2.8 million. Recent Accounting Pronouncements Yet to Be Adopted Reference Rate Reform. In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848) . The guidance allows for companies to: (1) account for certain contract modifications as a continuation of the existing contract without additional analysis; (2) continue hedge accounting when certain critical terms of a hedging relationship change and assess effectiveness in ways that disregard certain potential sources of ineffectiveness; and (3) make a one-time sale and/or transfer of certain debt securities from held-to-maturity to available-for-sale or trading. This ASU is available for adoption effective immediately, or as of January 1, 2020 or any date thereafter for the Company, and applies prospectively to contract modifications and hedging relationships. The one-time election to sell and/or transfer debt securities classified as held-to-maturity may be made at any time after March 12, 2020. The Corporation anticipates adopting this ASU and will continue to analyze the provisions of the ASU in connection with ongoing procedures to monitor the work of the Alternative Rates Committee of the FRB and Federal Reserve Bank of New York in identifying an alternative U.S. dollar reference interest rate. It is too early to predict whether a new rate index replacement, which we anticipate will be the Secured Overnight Financing Rate (“SOFR”). 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. Income Taxes. In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (Topic 740). This ASU identifies, evaluates, and improves areas of GAAP 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, 2020, 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”). 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. 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.

Non-Interest Income (Tables)

Non-Interest Income (Tables)	9 Months Ended
	Jun. 30, 2020
Noninterest Income [Abstract]
Schedule of Company's Non-Interest Income	The Company has included the following table regarding the Company’s non-interest income for the periods presented: Three Months Ended June 30, Nine Months Ended June 30, 2020 2019 2020 2019 (In thousands) Rental income $ 54 $ 53 $ 163 $ 184 Net gains on sale and call of investments 1 27 181 27 Net gains on sale of loans 11 - 14 37 Earnings on bank-owned life insurance 128 122 380 363 Non-interest income within the scope of other GAAP topics $ 194 $ 202 $ 738 $ 611 ATM fees $ 2 $ 2 $ 5 $ 4 Credit card fee income 5 6 16 17 DDA fee income 9 33 65 102 DDA service fees 16 19 54 55 Debit card fees 53 69 180 186 Other loan fee income 53 61 559 890 Other fee income 55 52 173 163 Other non-interest income 2 10 6 13 Non-interest income from contracts with customers $ 195 $ 252 $ 1,058 $ 1,430 Total Non-interest Income $ 389 $ 454 $ 1,796 $ 2,041

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Jun. 30, 2020
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 June 30, Nine Months Ended June 30, 2020 2019 2020 2019 (In thousands, except share data) Net Income $ 1,454 $ 2,656 $ 4,147 $ 6,633 Weighted average shares outstanding 7,629,722 7,775,598 7,717,778 7,740,010 Average unearned ESOP shares (91,347 ) (105,747 ) (94,958 ) (109,360 ) Basic weighted average shares outstanding 7,538,375 7,669,851 7,622,820 7,630,650 Plus: effect of potential dilutive common stock equivalents - stock options - 255 - 294 Diluted weighted average common shares outstanding 7,538,375 7,670,106 7,622,820 7,630,944 Earnings per common share: Basic $ 0.19 $ 0.35 $ 0.54 $ 0.87 Diluted $ 0.19 $ 0.35 $ 0.54 $ 0.87

Investment Securities (Tables)

Investment Securities (Tables)	9 Months Ended
	Jun. 30, 2020
Investments Debt And Equity Securities [Abstract]
Schedule of Investment securities	The following tables present information related to the Company’s investment securities at June 30, 2020 and September 30, 2019: June 30, 2020 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In thousands) Investment Securities Available-for-Sale: U.S. government agencies $ 5,039 $ 17 $ - $ 5,056 State and municipal obligations 3,703 7 - 3,710 Single issuer trust preferred security 1,000 - (163 ) 837 Corporate debt securities 22,462 46 (389 ) 22,119 Mutual funds 500 - - 500 Total $ 32,704 $ 70 $ (552 ) $ 32,222 Investment Securities Held-to-Maturity: State and municipal obligations $ 1,802 $ 120 $ - $ 1,922 Corporate debt securities 3,526 224 - 3,750 Mortgage-backed securities: Collateralized mortgage obligations (“CMO”), fixed-rate 10,593 242 - 10,835 Total $ 15,921 $ 586 $ - $ 16,507 Equity Securities: Mutual fund $ 1,000 $ 23 $ - $ 1,023 Total $ 1,000 $ 23 $ - $ 1,023 Total investment securities $ 49,625 $ 679 $ (552 ) $ 49,752 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 June 30, 2020 and September 30, 2019 : June 30, 2020 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 $ - $ - $ 837 $ (163 ) $ 837 $ (163 ) Corporate debt securities 7,735 (227 ) 3,337 (162 ) 11,072 (389 ) Total $ 7,735 $ (227 ) $ 4,174 $ (325 ) $ 11,909 $ (552 ) Total investment securities $ 7,735 $ (227 ) $ 4,174 $ (325 ) $ 11,909 $ (552 ) 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 June 30, 2020, based on scheduled maturities. Actual maturities can be expected to differ from scheduled maturities due to prepayment or early call options of the issuer. June 30, 2020 Amortized Cost Fair Value (In thousands) Available-for-Sale: Within 1 year $ 1,028 $ 1,031 Over 1 year through five years 6,675 6,517 After 5 years through ten years 17,462 17,223 Over 10 years 7,539 7,451 Total $ 32,704 $ 32,222 Held-to-Maturity: Over 1 year through five years $ 3,526 $ 3,750 After 5 years through ten years 1,802 1,922 Mortgage-backed securities: CMO, fixed-rate 10,593 10,835 Total $ 15,921 $ 16,507 Equity: Over 10 years $ 1,000 $ 1,023 Total $ 1,000 $ 1,023 Total investment securities $ 49,625 $ 49,752

Loans Receivable and Related _2

Loans Receivable and Related Allowance for Loan Losses (Tables)	9 Months Ended
	Jun. 30, 2020
Receivables [Abstract]
Schedule of loans receivable	Loans receivable in the Company’s portfolio consisted of the following at the dates indicated below: June 30, 2020 September 30, 2019 (In thousands) Residential mortgage $ 246,215 $ 220,011 Construction and Development: Residential and commercial 56,999 40,346 Land 3,535 3,420 Total Construction and Development 60,534 43,766 Commercial: Commercial real estate 501,955 543,452 Farmland 7,531 7,563 Multi-family 66,416 62,884 Commercial and industrial 115,899 99,747 Other 8,397 4,450 Total Commercial 700,198 718,096 Consumer: Home equity lines of credit 18,097 19,506 Second mortgages 11,704 13,737 Other 2,074 2,030 Total Consumer 31,875 35,273 Total loans 1,038,822 1,017,146 Deferred loan fees and costs, net 338 663 Allowance for loan losses (11,067 ) (10,095 ) Total loans receivable, net $ 1,028,093 $ 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 June 30, 2020 and September 30, 2019. Activity in the ALLL is presented for the three and nine months ended June 30, 2020 and 2019 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 June 30, 2020 Beginning balance $ 1,492 $ 354 $ 24 $ 7,282 $ 42 $ 444 $ 516 $ 35 $ 127 $ 212 $ 21 $ 7 $ 10,556 Charge-offs - - - - - - - - - - - - - Recoveries 1 - - 2 - - 1 - 1 71 - - 76 Provisions 203 51 2 (67 ) 5 203 75 8 9 (60 ) 1 5 435 Ending balance $ 1,696 $ 405 $ 26 $ 7,217 $ 47 $ 647 $ 592 $ 43 $ 137 $ 223 $ 22 $ 12 $ 11,067 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 June 30, 2019 Beginning balance $ 1,130 $ 601 $ 33 $ 5,767 $ 62 $ 419 $ 452 $ 33 $ 101 $ 359 $ 24 $ 1,035 $ 10,016 Charge-offs - - - - - - - - - - - - - Recoveries - - - 18 - - 1 - - 8 7 - 34 Provisions 66 17 (9 ) (238 ) (34 ) (7 ) 90 (11 ) 5 (22 ) (7 ) 206 56 Ending balance $ 1,196 $ 618 $ 24 $ 5,547 $ 28 $ 412 $ 543 $ 22 $ 106 $ 345 $ 24 $ 1,241 $ 10,106 Construction and Development Commercial Consumer Residential Mortgage Residential and Commercial Land Commercial Real Estate Farmland Multi- Family Commercial and Industrial(1) Other Home Equity Lines of Credit Second Mortgages Other Unallocated Total Allowance for loan losses: (In thousands) Nine Months Ended June 30, 2020 Beginning balance $ 1,364 $ 523 $ 20 $ 5,903 $ 49 $ 369 $ 615 $ 21 $ 122 $ 267 $ 23 $ 819 $ 10,095 Charge-offs - - - (2,288 ) - - - - (62 ) (3 ) - - (2,353 ) Recoveries 24 - - 4 - - 2 - 1 83 1 - 115 Provisions 308 (118 ) 6 3,598 (2 ) 278 (25 ) 22 76 (124 ) (2 ) (807 ) 3,210 Ending balance $ 1,696 $ 405 $ 26 $ 7,217 $ 47 $ 647 $ 592 $ 43 $ 137 $ 223 $ 22 $ 12 $ 11,067 Ending balance: individually evaluated for impairment $ 2 $ - $ - $ 109 $ - $ - $ - $ - $ - $ 99 $ 1 $ - $ 211 Ending balance: collectively evaluated for impairment $ 1,694 $ 405 $ 26 $ 7,108 $ 47 $ 647 $ 592 $ 43 $ 137 $ 124 $ 21 $ 12 $ 10,856 Loans receivable: Ending balance $ 246,215 $ 56,999 $ 3,535 $ 501,955 $ 7,531 $ 66,416 $ 115,899 $ 8,397 $ 18,097 $ 11,704 $ 2,074 $ 1,038,822 Ending balance: individually evaluated for impairment $ 3,435 $ - $ - $ 18,187 $ - $ - $ - $ - $ 28 $ 861 $ 1 $ 22,512 Ending balance: collectively evaluated for impairment $ 242,780 $ 56,999 $ 3,535 $ 483,768 $ 7,531 $ 66,416 $ 115,899 $ 8,397 $ 18,069 $ 10,843 $ 2,073 $ 1,016,310 (1) Commercial and industrial contains $17.7 million of PPP loans which were not collectively evaluated for potential impairment. No allowance for loan loss was allocated to the PPP loan portfolio due to the Bank complying with the lender obligations that ensure SBA guarantee. 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) Nine Months Ended June 30, 2019 Beginning balance $ 1,062 $ 393 $ 49 $ 5,031 $ 66 $ 232 $ 443 $ 24 $ 82 $ 326 $ 51 $ 1,262 $ 9,021 Charge-offs (17 ) - - (1,376 ) - - - - - (1 ) (37 ) - (1,431 ) Recoveries 79 - - 22 - - 4 - 1 22 9 - 137 Provisions 72 225 (25 ) 1,870 (38 ) 180 96 (2 ) 23 (2 ) 1 (21 ) 2,379 Ending balance $ 1,196 $ 618 $ 24 $ 5,547 $ 28 $ 412 $ 543 $ 22 $ 106 $ 345 $ 24 $ 1,241 $ 10,106 Ending balance: individually evaluated for impairment $ 3 $ - $ - $ 76 $ - $ - $ - $ - $ - $ 169 $ 1 $ - $ 249 Ending balance: collectively evaluated for impairment $ 1,193 $ 618 $ 24 $ 5,471 $ 28 $ 412 $ 543 $ 22 $ 106 $ 176 $ 23 $ 1,241 $ 9,857 Loans receivable: Ending balance $ 216,114 $ 47,485 $ 3,809 $ 543,045 $ 5,388 $ 64,050 $ 97,877 $ 5,356 $ 19,348 $ 15,018 $ 2,081 $ 1,019,571 Ending balance: individually evaluated for impairment $ 3,571 $ - $ - $ 9,748 $ - $ - $ - $ - $ 31 $ 663 $ 1 $ 14,014 Ending balance: collectively evaluated for impairment $ 212,543 $ 47,485 $ 3,809 $ 533,297 $ 5,388 $ 64,050 $ 97,877 $ 5,356 $ 19,317 $ 14,355 $ 2,080 $ 1,005,557 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 increase in impaired loans with no specific allowance is primarily due to two commercial real estate loans noted above. 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 June 30, 2020 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) June 30, 2020 Residential mortgage $ 195 $ 2 $ 3,240 $ 3,435 $ 3,626 Commercial: Commercial real estate 292 109 17,895 18,187 18,187 Consumer: Home equity lines of credit - - 28 28 31 Second mortgages 170 99 691 861 926 Other 1 1 - 1 1 Total impaired loans $ 658 $ 211 $ 21,854 $ 22,512 $ 22,771 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 and nine months ended June 30, 2020 and 2019: Three Months Ended June 30, 2020 Nine Months Ended June 30, 2020 Average Impaired Loans Interest Income Recognized on Impaired Loans Average Impaired Loans Interest Income Recognized on Impaired Loans (In thousands) Residential mortgage $ 3,448 $ 24 $ 3,487 $ 71 Commercial: Commercial real estate 18,190 109 12,822 129 Consumer: Home equity lines of credit 28 - 29 - Second mortgages 844 2 856 14 Total $ 22,510 $ 135 $ 17,194 $ 214 Three Months Ended June 30, 2019 Nine Months Ended June 30, 2019 Average Impaired Loans Interest Income Recognized on Impaired Loans Average Impaired Loans Interest Income Recognized on Impaired Loans (In thousands) Residential mortgage $ 3,577 $ 21 $ 5,372 $ 69 Construction and Development: Land 44 - 93 2 Commercial: Commercial real estate 10,007 76 17,650 227 Consumer: Home equity lines of credit 32 - 55 - Second mortgages 667 2 977 7 Other 1 - 14 - Total $ 14,328 $ 99 $ 24,161 $ 305
Schedule of classes of loan portfolio	The following table presents the classes of the loan portfolio categorized as pass, special mention, substandard and doubtful within the Company’s internal risk rating system as of June 30, 2020 and September 30, 2019: Pass Special Mention Substandard Doubtful Total (In thousands) June 30, 2020: Residential mortgage $ 242,683 $ - $ 3,532 $ - $ 246,215 Construction and Development: Residential and commercial 56,999 - - - 56,999 Land 3,535 - - - 3,535 Commercial: Commercial real estate 458,760 24,497 18,698 - 501,955 Farmland 7,531 - - - 7,531 Multi-family 56,885 9,531 - - 66,416 Commercial and industrial 115,775 - 124 - 115,899 Other 8,397 - - - 8,397 Consumer: Home equity lines of credit 17,982 - 115 - 18,097 Second mortgages 10,517 80 1,107 - 11,704 Other 2,073 - 1 - 2,074 Total $ 981,137 $ 34,108 $ 23,577 $ - $ 1,038,822 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 as of June 30, 2020 and September 30, 2019, by portfolio class: June 30, 2020 September 30, 2019 (In thousands) Non-accrual loans: Residential mortgage $ 1,877 $ 1,532 Commercial: Commercial real estate 6,743 - Consumer: Home equity lines of credit 28 30 Second mortgages 223 259 Total non-accrual loans $ 8,871 $ 1,821
Schedule of classes of loan portfolio summarized by aging categories	The following table presents the classes of the loan portfolio categorized by the aging categories described above as of June 30, 2020 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) June 30, 2020: Residential mortgage $ 243,909 $ 73 $ 675 $ 1,558 2,306 $ 246,215 $ 195 Construction and Development: Residential and commercial 56,999 - - - - 56,999 - Land 3,535 - - - - 3,535 - Commercial: Commercial real estate 501,644 - 311 - 311 501,955 - Farmland 7,531 - - - - 7,531 - Multi-family 66,416 - - - - 66,416 - Commercial and industrial 115,899 - - - - 115,899 - Other 8,397 - - - - 8,397 - Consumer: Home equity lines of credit 18,022 - 47 28 75 18,097 - Second mortgages 11,000 379 104 221 704 11,704 69 Other 2,072 - 1 1 2 2,074 1 Total $ 1,035,424 $ 452 $ 1,138 $ 1,808 $ 3,398 $ 1,038,822 $ 265 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 $175,000 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 (Dollars in thousands) June 30, 2020: Residential mortgage 17 $ 3,475 6 $ 1,446 Commercial: Commercial real estate 5 18,187 1 6,743 Consumer: Second mortgages 4 167 - - Total 26 $ 21,829 $ 7 $ 8,189 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: June 30, 2020 September 30, 2019 Performing Non-Performing Performing Non-Performing (In thousands) Residential mortgage $ 2,029 $ 1,446 $ 2,282 $ 1,090 Commercial: Commercial real estate 11,444 6,743 9,707 - Consumer: Second mortgages 167 - 181 - Total $ 13,640 $ 8,189 $ 12,170 $ 1,090
Schedule of new TDR's	The following table shows the new TDRs for the three and nine months ended June 30, 2020 and 2019: For the Three Months Ended June 30, 2020 2019 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: Commercial: Commercial real estate 1 $ 10,635 $ 10,635 - $ - $ - Total troubled debt restructurings 1 $ 10,635 $ 10,635 - $ - $ - For the Nine Months Ended June 30, 2020 2019 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 (Dollars in thousands) Troubled Debt Restructurings: Residential mortgage 1 $ 207 $ 207 4 $ 732 $ 704 Commercial: Commercial real estate 2 $ 10,930 $ 10,926 - $ - $ - Consumer: Second mortgages - $ - $ - 1 $ 80 $ 76 Total troubled debt restructurings 3 $ 11,137 $ 11,133 5 $ 812 $ 780

Regulatory Matters (Tables)

Regulatory Matters (Tables)	9 Months Ended
	Jun. 30, 2020
Regulatory Matters Disclosure [Abstract]
Schedule of actual capital amounts and ratios	The following table summarizes the Company’s compliance with applicable regulatory capital requirements as of June 30, 2020 and September 30, 2019: Actual For Capital Adequacy Purposes To be Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) As of June 30, 2020 Tier 1 Leverage (Core) Capital (to adjusted assets) $ 145,089 11.86 % $ 48,949 4.00 % $ 61,186 5.00 % Common Equity Tier 1 Capital (to risk weighted assets) 145,089 14.28 % 45,724 4.50 % 66,045 6.50 % Tier 1 Capital (to risk weighted assets) 145,089 14.28 % 60,965 6.00 % 81,287 8.00 % Total Risk Based Capital (to risk weighted assets) 180,974 17.81 % 81,287 8.00 % 101,608 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 June 30, 2020 and September 30, 2019 : Actual For Capital Adequacy Purposes To be Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) As of June 30, 2020 Tier 1 Leverage (Core) Capital (to adjusted assets) $ 158,625 12.98 % $ 48,898 4.00 % $ 61,123 5.00 % Common Equity Tier 1 Capital (to risk weighted assets) 158,625 15.63 % 45,659 4.50 % 65,951 6.50 % Tier 1 Capital (to risk weighted assets) 158,625 15.63 % 60,878 6.00 % 81,171 8.00 % Total Risk Based Capital (to risk weighted assets) 169,773 16.73 % 81,171 8.00 % 101,464 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)	9 Months Ended
	Jun. 30, 2020
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 June 30, 2020 and September 30, 2019: ` June 30, 2020 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 $ - $ - Other assets $ 90,000 $ 1,536 Other liabilities Derivatives not designated as a hedging instrument: Interest rate swap agreement $ 45,264 $ 9,289 Other assets $ 45,264 $ 9,294 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 June 30, 2020 and September 30, 2019 : Offsetting of Derivative Assets (In thousands) as of June 30, 2020 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 $ 9,289 $ - $ 9,289 $ - $ - $ 9,289 Offsetting of Derivative Liabilities (In thousands) as of June 30, 2020 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 $ 10,830 $ - $ 10,830 $ 1,670 $ 12,597 $ (3,437 ) 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 loss and the Consolidated Statements of Operations relating to the cash flow derivative instruments for the three and nine months ended June 30, 2020 and 2019: Three Months Ended June 30, 2020 Amount of Loss Recognized in OCI on Derivative Amount of Loss Reclassified from OCI to Interest Expense (In thousands) Interest rate swap agreements $ (433 ) $ (122 ) Total derivatives (433 ) (122 ) Nine Months Ended June 30, 2020 Amount of Loss Recognized in OCI on Derivative Amount of Loss Reclassified from OCI to Interest Expense (In thousands) Interest rate swap agreements $ (1,086 ) $ (183 ) Total derivatives (1,086 ) (183 ) Three Months Ended June 30, 2019 Amount of Loss Recognized in OCI on Derivative Amount of Gain Reclassified from OCI to Interest Expense (In thousands) Interest rate swap agreements $ (578 ) $ 86 Total derivatives (578 ) 86 Nine Months Ended June 30, 2019 Amount of Loss Recognized in OCI on Derivative Amount of Gain Reclassified from OCI to Interest Expense (In thousands) Interest rate swap agreements $ (1,514 ) $ 253 Total derivatives (1,514 ) 253
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 and nine months ended June 30, 2020 and 2019: Three Months Ended June 30, 2020 Consolidated Statements of Operations Amount of Gain (Loss) Recognized in Income on derivatives (In thousands) Derivatives not designated as a hedging instrument: Interest rate swap agreement Other income $ - Total $ - Nine Months Ended June 30, 2020 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 $ (6) Total $ (6) Three Months Ended June 30, 2019 Consolidated Statements of Operations Amount of Gain (Loss) Recognized in Income on derivatives (In thousands) Derivatives not designated as a hedging instrument: Interest rate swap agreement Other income $ - Total $ - Nine Months Ended June 30, 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 $ (2) Total $ (2)

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Jun. 30, 2020
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 June 30, 2020 and September 30, 2019: June 30, 2020 Total Level 1 Level 2 Level 3 (In thousands) Assets: Investment securities available for sale: Debt securities: U.S. government agencies $ 5,056 $ - $ 5,056 $ - State and municipal obligations 3,710 - 3,710 - Single issuer trust preferred security 837 - 837 - Corporate debt securities 22,119 - 22,119 - Mutual funds 500 - - 500 Total investment securities available for sale $ 32,222 $ - $ 31,722 $ 500 Equity securities: Mutual fund $ 1,023 $ 1,023 $ - $ - Total equity investment securities $ 1,023 $ 1,023 $ - $ - Derivative instruments $ 9,289 $ - $ 9,289 $ - Liabilities: Derivative instruments $ 10,830 $ - $ 10,830 $ - 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 fund 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 securities available-for-sale measured at fair value on a recurring basis using significant unobservable inputs	The following tables present additional information about the securities available-for-sale measured at fair value on a recurring basis and for which the Company utilized significant unobservable inputs (Level 3 inputs) to determine fair value for the nine months ended June 30, 2020 and June 30, 2019: Fair value measurements using significant unobservable inputs (Level 3) (In thousands) Balance, October 1, 2019 $ 250 Payments received - Total gains or losses (realized/unrealized) Included in earnings - Included in other comprehensive income - Purchases 250 Transfers in and/or out of Level 3 - Balance, June 30, 2020 $ 500 Fair value measurements using significant unobservable inputs (Level 3) (In thousands) Balance, October 1, 2018 $ 250 Payments received - Total gains or losses (realized/unrealized) Included in earnings - Included in other comprehensive income - Purchases - Transfers in and/or out of Level 3 - Balance, June 30, 2019 $ 250
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 June 30, 2020 and September 30, 2019: June 30, 2020 Total Level 1 Level 2 Level 3 (In thousands) Other real estate owned $ 5,796 $ - $ - $ 5,796 Impaired loans (1) 447 - - 447 Total $ 6,243 $ - $ - $ 6,243 June 30, 2020 Fair Value at June 30, 2020 Valuation Technique Unobservable Input Range/(Weighted Average) (Dollars in thousands) Other real estate owned $ 5,796 Appraisal of Collateral(2) Collateral discount(3) 0%/(0%) Impaired loans (1) 447 Appraisal of Collateral(2) Collateral discount(3) 5.0%-12.0%/(5.3%) Total $ 6,243 (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) (Dollars 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 June 30, 2020 and September 30, 2019 are presented below: June 30, 2020 Carrying Amount Fair Value Level 1 Level 2 Level 3 (In thousands) Financial assets: Cash and cash equivalents $ 58,944 $ 58,944 $ 58,944 $ - $ - Investment securities available-for-sale 32,222 32,222 - 31,722 500 Investment securities held-to-maturity 15,921 16,507 - 16,507 - Equity investment securities 1,023 1,023 1,023 - - Loans receivable, net (including impaired loans) 1,028,093 1,039,305 - - 1,039,305 Accrued interest receivable 5,680 5,680 - 5,680 - Restricted stock 9,766 9,766 - 9,766 - Mortgage servicing rights (included in Other Assets) 120 120 - 120 - Derivatives (included in Other Assets) 9,289 9,289 - 9,289 - Financial liabilities: Savings accounts 43,702 43,702 - 43,702 - Checking and NOW accounts 324,681 324,681 - 324,681 - Money market accounts 281,419 281,419 - 281,419 - Certificates of deposit 234,642 238,553 - 238,553 - Borrowings (excluding sub debt) 130,000 130,997 - 130,997 - Subordinated debt 24,737 25,347 - 25,347 - Derivatives (included in Other Liabilities) 10,830 10,830 - 10,830 - Accrued interest payable 1,096 1,096 - 1,096 - 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)	9 Months Ended
	Jun. 30, 2020
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: June 30, 2020 September 30, 2019 (In thousands) Net unrealized holding losses on available-for-sale securities $ (459 ) $ (111 ) Tax effect 96 24 Net of tax amount (363 ) (87 ) Fair value adjustments on derivatives (1,536 ) (610 ) Tax effect 341 128 Net of tax amount (1,195 ) (482 ) Total accumulated other comprehensive loss $ (1,558 ) $ (569 )
Schedule of other comprehensive loss and related tax effects	Other comprehensive loss and related tax effects are presented in the following table: Three Months Ended June 30, Nine Months Ended June 30, 2020 2019 2020 2019 (In thousands) Net unrealized holding (losses) gains on available-for-sale securities $ (302 ) $ 177 $ (169 ) $ 298 Net realized gain on securities available-for-sale (1 ) (27 ) (181 ) (27 ) Amortization of unrealized holding losses on securities transferred from available-for-sale to held-to-maturity 1 1 3 4 Adjustment for loss recorded on replacement of derivative 23 - 23 - Fair value adjustments on derivatives (336 ) (664 ) (927 ) (1,767 ) Other comprehensive loss before taxes (615 ) (513 ) (1,251 ) (1,492 ) Tax effect 128 108 262 313 Total other comprehensive loss $ (487 ) $ (405 ) $ (989 ) $ (1,179 )

Equity Based Incentive Compen_2

Equity Based Incentive Compensation Plan (Tables)	9 Months Ended
	Jun. 30, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Schedule of assumptions used in determining fair value of stock option	The assumptions used in determining the fair value of stock option grants for the nine months ended June 30, 2020 are as follows: Weighted Average Fair Value of Awards $ 4.72 Risk Free Rate 1.22 % Dividend Yield -% Volatility 19.86 % Expected Life 6.5 years The assumptions used in determining the fair value of stock option grants for nine months ended June 30, 2019 are as follows: Weighted Average Fair Value of Awards $ 5.72 Risk Free Rate 2.50 % Dividend Yield -% Volatility 20.39 % Expected Life 6.5 years
Schedule of stock option activity	The following is a summary of stock option activity for the nine months ended June 30, 2020: 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 7,000 $ 20.28 $ - Exercised - $ - $ - Forfeited/cancelled/expired - $ - $ - Outstanding, end of year 25,830 $ 21.57 8.071 $ - Exercisable, end of year 8,140 $ 21.50 7.046 $ - Nonvested, at end of year 17,690 $ 21.60
Schedule of restricted stock outstanding	The table below summarizes the activity for the Company’s restricted stock outstanding during the nine months ended June 30, 2020: Shares Weighted Average Fair Value Outstanding, beginning of year 18,493 $ 21.78 Granted 23,821 $ 19.62 Vested 10,051 $ 16.62 Forfeited/cancelled/expired 1,610 $ 21.43 Outstanding, end of year 30,653 $ 21.98

Deposits (Tables)

Deposits (Tables)	9 Months Ended
	Jun. 30, 2020
Deposits [Abstract]
Schedule of deposits classified by type with percentages to total deposits	Deposits classified by type with percentages to total deposits at June 30, 2020 and September 30, 2019 consisted of the following: June 30, September 30, 2020 2019 (Dollars in thousands) Balances by types of deposit: Savings $ 43,702 4.94 % $ 41,875 4.39 % Money market accounts 281,419 31.82 276,644 29.00 Interest-bearing demand 277,238 31.35 302,039 31.67 Non-interest-bearing demand 47,443 5.36 55,684 5.84 649,802 73.47 % 676,242 70.90 % Certificates of deposit 234,642 26.53 % 277,569 29.10 % Total Deposits $ 884,444 100.00 % $ 953,811 100.00 %
Schedule of interest expense on deposits	Interest expense on deposits consisted of the following: Three Months Ended June 30, Nine Months Ended June 30, 2020 2019 2020 2019 (In thousands) Savings accounts $ 11 $ 13 $ 35 $ 36 Money market accounts 902 1,338 3,122 3,523 Interest-bearing demand 661 973 2,920 2,625 Certificates of deposit 1,302 1,602 4,159 4,081 Total $ 2,876 $ 3,926 $ 10,236 $ 10,265
Schedule of certificates of deposit maturities	As of June 30, 2020, the scheduled maturities of certificates of deposits are as follows: Scheduled Maturities (In thousands) Period Ending June 30, 2021 $ 178,227 2022 26,952 2023 8,257 2024 11,924 Thereafter 9,282 Total $ 234,642

Leases (Tables)

Leases (Tables)	9 Months Ended
	Jun. 30, 2020
Leases [Abstract]
Components of Lease Expense	The components of lease expense were as follows: Three Months Ended June 30, Nine Months Ended June 30, 2020 2019 2020 2019 (In thousands) (In thousands) Operating lease cost $ 175 $ 122 $ 523 $ 357 Finance lease cost - - - - Short-term lease cost 26 15 79 45 Total $ 201 $ 137 $ 602 $ 402
Schedule of Supplemental Information of Leases	Supplemental information at and for June 30, 2020 and the nine months ended June 30, 2020 related to leases was as follows: June 30, 2020 (Dollars in thousands) Supplemental balance sheet information Operating lease right-of-use assets $ 2,799 Operating lease liabilities $ 2,824 Weighted average remaining lease term 5.57 years Weighted average discount rate 1.99 % Nine Months Ended June 30, 2020 (In thousands) Supplemental cash flow information Operating cash flows from operating leases $ 499 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 $ 169 2021 601 2022 492 2023 474 2024 474 Thereafter 746 Total lease payments $ 2,956 Less: imputed interest (132 ) Total $ 2,824

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Narrative) (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Oct. 01, 2019
Summary Of Significant Accounting Policies [Line Items]
Operating lease, ROU assets	$ 2,799
Operating lease, liabilities	$ 2,824
ASU 2016-02 [Member]
Summary Of Significant Accounting Policies [Line Items]
Operating lease, ROU assets		$ 3,300
Operating lease, liabilities		$ 3,300

Significant Events (Narrative)

Significant Events (Narrative) (Details)	Aug. 01, 2020USD ($)	Apr. 30, 2020USD ($)Number	Jun. 30, 2020USD ($)NumberLoanEmployee	Sep. 30, 2019USD ($)Number	Mar. 31, 2020USD ($)	Mar. 27, 2020USD ($)	Jun. 30, 2019USD ($)	Mar. 31, 2019USD ($)	Sep. 30, 2018USD ($)
Subsequent Event [Line Items]
Provision for loan losses, pre-tax			$ 435,000
Number of loan modification agreements | Number			26	24
Loans outstanding			$ 1,038,822,000	$ 1,017,146,000			$ 1,019,571,000
Allowance for loan losses			$ 11,067,000	$ 10,095,000	$ 10,556,000		$ 10,106,000	$ 10,016,000	$ 9,021,000
Paycheck Protection Program Loans [Member]
Subsequent Event [Line Items]
Initial amount of loan funded						$ 349,000,000,000
Number of loans obtained | Loan			208
Total loans obtained			$ 17,700,000
Average loan size			$ 85,000
Estimated employees to retain | Employee			1,769
Loans, fee income expected to generate			$ 763,000
Allowance for loan losses			$ 0
Loan Modification Agreements [Member]
Subsequent Event [Line Items]
Initial payment and deferrals forbearance period			3 months
Maximum additional period of second forbearance			90 days
Number of loan modification agreements | Number		127	137
Loans outstanding		$ 312,600,000	$ 313,500,000
Percentage of loans outstanding		30.40%	30.20%
COVID-19 Modified Loans [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Initial payment and deferrals forbearance period	90 days
Maximum additional period of second forbearance	90 days
COVID-19 Modified Loans [Member] | Initial Forbearance Period [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Loans outstanding	$ 269,100,000
Percentage of loans outstanding	85.80%
COVID-19 Modified Loans [Member] | Second Forbearance Period [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Loans outstanding	$ 128,500,000
Percentage of loans outstanding	47.80%
COVID-19 Modified Loans [Member] | Original Contractual Monthly Payments [Member] | Initial Forbearance Period [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Loans outstanding	$ 140,600,000
Percentage of loans outstanding	52.20%
COVID-19 Modified Loans [Member] | Interest Only Payments [Member] | Second Forbearance Period [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Loans outstanding	$ 22,700,000
Percentage of loans outstanding	17.60%

Non-Interest Income - Schedule

Non-Interest Income - Schedule of Company's Non-Interest Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Rental income	$ 54	$ 53	$ 163	$ 184
Net gains on sale and call of investments	1	27	181	27
Net gains on sale of loans	11		14	37
Earnings on bank-owned life insurance	128	122	380	363
Non-interest income within the scope of other GAAP topics	194	202	738	611
Non-interest income from contracts with customers	195	252	1,058	1,430
Total Other Income	389	454	1,796	2,041
ATM Fees [Member]
Non-interest income from contracts with customers	2	2	5	4
Credit Card Fee Income [Member]
Non-interest income from contracts with customers	5	6	16	17
DDA Fee Income [Member]
Non-interest income from contracts with customers	9	33	65	102
DDA Service Fees [Member]
Non-interest income from contracts with customers	16	19	54	55
Debit Card Fees [Member]
Non-interest income from contracts with customers	53	69	180	186
Other Loan Fee Income [Member]
Non-interest income from contracts with customers	53	61	559	890
Other Fee Income [Member]
Non-interest income from contracts with customers	55	52	173	163
Other Non-interest Income [Member]
Non-interest income from contracts with customers	$ 2	$ 10	$ 6	$ 13

Non-Interest Income - (Narrativ

Non-Interest Income - (Narrative) (Detail)	9 Months Ended
	Jun. 30, 2020USD ($)
Noninterest Income [Abstract]
Net swap fees	$ 337,000

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Detail) - shares	3 Months Ended		9 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Earnings Per Share [Abstract]
Restricted shares issued	5,700	3,391	23,821	12,674
Stock options	0	0	7,000	7,000

Earnings Per Share (Detail)

Earnings Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Earnings Per Share [Abstract]
Net Income	$ 1,454	$ 2,656	$ 4,147	$ 6,633
Weighted average shares outstanding	7,629,722	7,775,598	7,717,778	7,740,010
Average unearned ESOP shares	(91,347)	(105,747)	(94,958)	(109,360)
Basic weighted average shares outstanding	7,538,375	7,669,851	7,622,820	7,630,650
Plus: effect of potential dilutive common stock equivalents - stock options		255		294
Diluted weighted average common shares outstanding	7,538,375	7,670,106	7,622,820	7,630,944
Earnings Per Common Share:
Basic	$ 0.19	$ 0.35	$ 0.54	$ 0.87
Diluted	$ 0.19	$ 0.35	$ 0.54	$ 0.87

Employee Stock Ownership Plan (

Employee Stock Ownership Plan (Narrative) (Detail) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		4 Months Ended	9 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Sep. 30, 2008	Jun. 30, 2020	Jun. 30, 2019
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 ESOP loan, which bears an interest rate of 5%, is being repaid quarterly installments through 2026 principally from the Bank’s contributions to the ESOP.
Committed to be released ESOP shares	3,600	3,600		10,800	10,800
Number of unallocated shares	89,565			89,565
Number of allocated shares held by the ESOP	169,653			169,653
Aggregate fair value of shares held by the ESOP	$ 1.1			$ 1.1

Investment Securities (Detail)

Investment Securities (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Sep. 30, 2019
Schedule of available-for-sale securities and cost-method investments [Line Items]
Amortized Cost	$ 32,704	$ 18,522
Gross Unrealized Gains	70	198
Gross Unrealized Losses	(552)	(309)
Fair value	32,222	18,411
Amortized Cost	15,921	22,485
Gross Unrealized Gains	586	260
Gross Unrealized Losses		(136)
Fair value	16,507	22,609
Amortized Cost	1,000
Gross Unrealized Gains	23
Fair value	1,023
Total investment securities Amortized Cost	49,625	41,007
Total investment securities Gross Unrealized Gains	679	458
Total investment securities Gross Unrealized Losses	(552)	(445)
Total investment securities Fair Value	49,752	41,020
U. S. Government Agencies [Member]
Schedule of available-for-sale securities and cost-method investments [Line Items]
Amortized Cost	5,039	3,000
Gross Unrealized Gains	17
Fair value	5,056	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	3,703	4,715
Gross Unrealized Gains	7	17
Fair value	3,710	4,732
Amortized Cost	1,802	4,515
Gross Unrealized Gains	120	75
Fair value	1,922	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	(163)	(77)
Fair value	837	923
Corporate Debt Securities [Member]
Schedule of available-for-sale securities and cost-method investments [Line Items]
Amortized Cost	22,462	9,557
Gross Unrealized Gains	46	181
Gross Unrealized Losses	(389)	(232)
Fair value	22,119	9,506
Amortized Cost	3,526	3,608
Gross Unrealized Gains	224	182
Fair value	3,750	3,790
Mutual Fund [Member]
Schedule of available-for-sale securities and cost-method investments [Line Items]
Amortized Cost	500	250
Fair value	500	250
Amortized Cost	1,000
Gross Unrealized Gains	23
Fair value	1,023
Collateralized Mortgage Obligations [Member] | Fixed Rate [Member]
Schedule of available-for-sale securities and cost-method investments [Line Items]
Amortized Cost	10,593	13,362
Gross Unrealized Gains	242	3
Gross Unrealized Losses		(136)
Fair value	$ 10,835	$ 13,229

Investment Securities - (Narrat

Investment Securities - (Narrative) (Detail)	3 Months Ended	9 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)Investment	Jun. 30, 2019USD ($)	Sep. 30, 2019USD ($)
Marketable Securities [Line Items]
Sales	$ 2,100,000	$ 5,297,000	$ 2,055,000
Gain on sale of securities available for sale	$ 27,000	180,000	$ 27,000
Proceeds from call of securities, associated with sale		1,000
Fair value of available for sale securities transferred		5,300,000		$ 6,400,000
Fair value of available for sale securities short-term borrowings transferred		0		0
Carrying value of investment securities pledged against hedge		$ 0		$ 4,000,000
Corporate Debt Securities [Member]
Marketable Securities [Line Items]
Number of portfolio investments | Investment		8
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	Jun. 30, 2020	Sep. 30, 2019
Schedule of available-for-sale securities and cost-method investments [Line Items]
Less than 12 Months: Fair Value	$ 7,735
Less than 12 Months: Unrealized Losses	(227)
12 Months or longer: Fair Value	4,174	$ 4,191
12 Months or longer: Unrealized Losses	(325)	(309)
Total: Fair Value	11,909	4,191
Total: Unrealized Losses	(552)	(309)
Less than 12 Months: Fair Value		1,315
Less than 12 Months: Unrealized Losses		(4)
12 Months or longer: Fair Value		10,894
12 Months or longer: Unrealized Losses		(132)
Total: Fair Value		12,209
Total: Unrealized Losses		(136)
Total investment securities in an unrealized loss position less than 12 months fair value	7,735	1,315
Total investment securities in an unrealized loss position less than 12 months gross unrealized loss	(227)	(4)
Total investment securities in an unrealized loss position 12 months or more fair value	4,174	15,085
Total investment securities in an unrealized loss position 12 months or more gross unrealized loss	(325)	(441)
Total investment securities in an unrealized loss position fair value	11,909	16,400
Total investment securities in an unrealized loss position gross unrealized loss	(552)	(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	837	923
12 Months or longer: Unrealized Losses	(163)	(77)
Total: Fair Value	837	923
Total: Unrealized Losses	(163)	(77)
Corporate Debt Securities [Member]
Schedule of available-for-sale securities and cost-method investments [Line Items]
Less than 12 Months: Fair Value	7,735	0
Less than 12 Months: Unrealized Losses	(227)
12 Months or longer: Fair Value	3,337	3,268
12 Months or longer: Unrealized Losses	(162)	(232)
Total: Fair Value	11,072	3,268
Total: Unrealized Losses	$ (389)	(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		1,315
Less than 12 Months: Unrealized Losses		(4)
12 Months or longer: Fair Value		10,894
12 Months or longer: Unrealized Losses		(132)
Total: Fair Value		12,209
Total: Unrealized Losses		$ (136)

Investment Securities - Schedul

Investment Securities - Schedule maturities (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Sep. 30, 2019
Available for Sale, Amortized Cost:
Within 1 year	$ 1,028
Over 1 year through five years	6,675
After 5 years through ten years	17,462
Over 10 years	7,539
Amortized Cost	32,704	$ 18,522
Held-to-Maturity, Amortized Cost:
Over 1 year through five years	3,526
After 5 years through ten years	1,802
CMO, fixed-rate	10,593
Held-to-Maturity, Amortized Cost, Total	15,921
Equity, Amortized Costs:
Over 10 years	1,000
Amortized Cost	1,000
Total investment securities Amortized Cost	49,625	41,007
Available-for-Sale, Fair Value:
Within 1 year	1,031
Over 1 year through five years	6,517
After 5 years through ten years	17,223
Over 10 years	7,451
Available-for-sale, Fair Value, Total	32,222
Held-to-Maturity, Fair Value:
Over 1 year through five years	3,750
After 5 years through ten years	1,922
Mortgage-backed securities:
CMO, fixed-rate	10,835
Held-to-Maturity, Fair Value, Total	16,507	22,609
Equity, Fair Value:
Over 10 years	1,023
Equity, Fair Value, Total	1,023
Total investment securities, Fair Value	$ 49,752	$ 41,020

Loans Receivable and Related _3

Loans Receivable and Related Allowance for Loan Losses (Detail) - USD ($) $ in Thousands	Jun. 30, 2020		Mar. 31, 2020	Sep. 30, 2019		Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2018
Financing Receivable, Impaired [Line Items]
Total loans	$ 1,038,822			$ 1,017,146		$ 1,019,571
Deferred loan fees and costs, net	338			663
Allowance for loan losses	(11,067)		$ (10,556)	(10,095)		(10,106)	$ (10,016)	$ (9,021)
Total loans receivable, net	1,028,093			1,007,714
Commercial and Industrial [Member]
Financing Receivable, Impaired [Line Items]
Total loans	115,899	[1]		99,747		97,877
Allowance for loan losses	(592)	[1]	(516)	(615)	[1]	(543)	(452)	(443)
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Total loans	246,215			220,011		216,114
Allowance for loan losses	(1,696)		(1,492)	(1,364)		(1,196)	(1,130)	(1,062)
Construction and Development - Residential and Commercial Receivables [Member]
Financing Receivable, Impaired [Line Items]
Total loans	56,999			40,346		47,485
Allowance for loan losses	(405)		(354)	(523)		(618)	(601)	(393)
Construction and Development - Land Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	3,535			3,420		3,809
Allowance for loan losses	(26)		(24)	(20)		(24)	(33)	(49)
Construction And Development Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	60,534			43,766
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Total loans	501,955			543,452		543,045
Allowance for loan losses	(7,217)		(7,282)	(5,903)		(5,547)	(5,767)	(5,031)
Commercial Farmland [Member]
Financing Receivable, Impaired [Line Items]
Total loans	7,531			7,563		5,388
Allowance for loan losses	(47)		(42)	(49)		(28)	(62)	(66)
Commercial Multi Family Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	66,416			62,884		64,050
Allowance for loan losses	(647)		(444)	(369)		(412)	(419)	(232)
Commercial - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	8,397			4,450		5,356
Allowance for loan losses	(43)		(35)	(21)		(22)	(33)	(24)
Commercial [Member]
Financing Receivable, Impaired [Line Items]
Total loans	700,198			718,096
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Total loans	18,097			19,506		19,348
Allowance for loan losses	(137)		(127)	(122)		(106)	(101)	(82)
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	11,704			13,737		15,018
Allowance for loan losses	(223)		(212)	(267)		(345)	(359)	(326)
Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	2,074			2,030		2,081
Allowance for loan losses	(22)		$ (21)	(23)		$ (24)	$ (24)	$ (51)
Consumer Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	$ 31,875			$ 35,273
[1]	Commercial and industrial contains $17.7 million of PPP loans which were not collectively evaluated for potential impairment. No allowance for loan loss was allocated to the PPP loan portfolio due to the Bank complying with the lender obligations that ensure SBA guarantee.

Loans Receivable and Related _4

Loans Receivable and Related Allowance for Loan Losses (1) (Detail) - USD ($) $ in Thousands	3 Months Ended					9 Months Ended			12 Months Ended
	Jun. 30, 2020		Dec. 31, 2019		Jun. 30, 2019	Jun. 30, 2020		Jun. 30, 2019	Sep. 30, 2019
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning balance	$ 10,556		$ 10,095		$ 10,016	$ 10,095		$ 9,021	$ 9,021
Charge-offs						(2,353)		(1,431)	(1,517)
Recoveries	76				34	115		137	212
Provisions	435		2,200		56	3,210		2,379	2,379
Allowance for credit losses, Ending Balance	11,067				10,106	11,067		10,106	10,095
Allowance for credit losses: Ending balance: individually evaluated for impairment	211				249	211		249	157
Allowance for credit losses: Ending balance: collectively evaluated for impairment	10,856				9,857	10,856		9,857	9,938
Loans receivable	1,038,822				1,019,571	1,038,822		1,019,571	1,017,146
Loans receivable: Ending balance: individually evaluated for impairment	22,512				14,014	22,512		14,014	13,991
Loans Receivable: Ending balance: collectively evaluated for impairment	1,016,310				1,005,557	1,016,310		1,005,557	1,003,155
Commercial and Industrial [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning balance	516		615	[1]	452	615	[1]	443	443
Recoveries	1				1	2	[1]	4	4
Provisions	75				90	(25)	[1]	96	168
Allowance for credit losses, Ending Balance	592	[1]			543	592	[1]	543	615	[1]
Allowance for credit losses: Ending balance: collectively evaluated for impairment	592	[1]			543	592	[1]	543	615
Loans receivable	115,899	[1]			97,877	115,899	[1]	97,877	99,747
Loans Receivable: Ending balance: collectively evaluated for impairment	115,899	[1]			97,877	115,899	[1]	97,877	99,747
Residential Mortgage [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning balance	1,492		1,364		1,130	1,364		1,062	1,062
Charge-offs								(17)	(17)
Recoveries	1					24		79	79
Provisions	203				66	308		72	240
Allowance for credit losses, Ending Balance	1,696				1,196	1,696		1,196	1,364
Allowance for credit losses: Ending balance: individually evaluated for impairment	2				3	2		3
Allowance for credit losses: Ending balance: collectively evaluated for impairment	1,694				1,193	1,694		1,193	1,364
Loans receivable	246,215				216,114	246,215		216,114	220,011
Loans receivable: Ending balance: individually evaluated for impairment	3,435				3,571	3,435		3,571	3,526
Loans Receivable: Ending balance: collectively evaluated for impairment	242,780				212,543	242,780		212,543	216,485
Construction and Development - Residential and Commercial Receivables [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning balance	354		523		601	523		393	393
Provisions	51				17	(118)		225	130
Allowance for credit losses, Ending Balance	405				618	405		618	523
Allowance for credit losses: Ending balance: collectively evaluated for impairment	405				618	405		618	523
Loans receivable	56,999				47,485	56,999		47,485	40,346
Loans Receivable: Ending balance: collectively evaluated for impairment	56,999				47,485	56,999		47,485	40,346
Construction and Development - Land Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning balance	24		20		33	20		49	49
Provisions	2				(9)	6		(25)	(29)
Allowance for credit losses, Ending Balance	26				24	26		24	20
Allowance for credit losses: Ending balance: collectively evaluated for impairment	26				24	26		24	20
Loans receivable	3,535				3,809	3,535		3,809	3,420
Loans Receivable: Ending balance: collectively evaluated for impairment	3,535				3,809	3,535		3,809	3,420
Commercial Real Estate [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning balance	7,282		5,903		5,767	5,903		5,031	5,031
Charge-offs						(2,288)		(1,376)	(1,418)
Recoveries	2				18	4		22	23
Provisions	(67)				(238)	3,598		1,870	2,267
Allowance for credit losses, Ending Balance	7,217				5,547	7,217		5,547	5,903
Allowance for credit losses: Ending balance: individually evaluated for impairment	109				76	109		76	57
Allowance for credit losses: Ending balance: collectively evaluated for impairment	7,108				5,471	7,108		5,471	5,846
Loans receivable	501,955				543,045	501,955		543,045	543,452
Loans receivable: Ending balance: individually evaluated for impairment	18,187				9,748	18,187		9,748	9,707
Loans Receivable: Ending balance: collectively evaluated for impairment	483,768				533,297	483,768		533,297	533,745
Commercial Farmland [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning balance	42		49		62	49		66	66
Provisions	5				(34)	(2)		(38)	(17)
Allowance for credit losses, Ending Balance	47				28	47		28	49
Allowance for credit losses: Ending balance: collectively evaluated for impairment	47				28	47		28	49
Loans receivable	7,531				5,388	7,531		5,388	7,563
Loans Receivable: Ending balance: collectively evaluated for impairment	7,531				5,388	7,531		5,388	7,563
Commercial Multi Family Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning balance	444		369		419	369		232	232
Provisions	203				(7)	278		180	137
Allowance for credit losses, Ending Balance	647				412	647		412	369
Allowance for credit losses: Ending balance: collectively evaluated for impairment	647				412	647		412	369
Loans receivable	66,416				64,050	66,416		64,050	62,884
Loans Receivable: Ending balance: collectively evaluated for impairment	66,416				64,050	66,416		64,050	62,884
Commercial - Other Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning balance	35		21		33	21		24	24
Provisions	8				(11)	22		(2)	(3)
Allowance for credit losses, Ending Balance	43				22	43		22	21
Allowance for credit losses: Ending balance: collectively evaluated for impairment	43				22	43		22	21
Loans receivable	8,397				5,356	8,397		5,356	4,450
Loans Receivable: Ending balance: collectively evaluated for impairment	8,397				5,356	8,397		5,356	4,450
Consumer - Home Equity Lines of Credit [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning balance	127		122		101	122		82	82
Charge-offs						(62)
Recoveries	1					1		1	1
Provisions	9				5	76		23	39
Allowance for credit losses, Ending Balance	137				106	137		106	122
Allowance for credit losses: Ending balance: collectively evaluated for impairment	137				106	137		106	122
Loans receivable	18,097				19,348	18,097		19,348	19,506
Loans receivable: Ending balance: individually evaluated for impairment	28				31	28		31	30
Loans Receivable: Ending balance: collectively evaluated for impairment	18,069				19,317	18,069		19,317	19,476
Consumer - Second Mortgages Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning balance	212		267		359	267		326	326
Charge-offs						(3)		(1)	(45)
Recoveries	71				8	83		22	94
Provisions	(60)				(22)	(124)		(2)	(108)
Allowance for credit losses, Ending Balance	223				345	223		345	267
Allowance for credit losses: Ending balance: individually evaluated for impairment	99				169	99		169	100
Allowance for credit losses: Ending balance: collectively evaluated for impairment	124				176	124		176	167
Loans receivable	11,704				15,018	11,704		15,018	13,737
Loans receivable: Ending balance: individually evaluated for impairment	861				663	861		663	728
Loans Receivable: Ending balance: collectively evaluated for impairment	10,843				14,355	10,843		14,355	13,009
Consumer - Other Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning balance	21		23		24	23		51	51
Charge-offs								(37)	(37)
Recoveries					7	1		9	11
Provisions	1				(7)	(2)		1	(2)
Allowance for credit losses, Ending Balance	22				24	22		24	23
Allowance for credit losses: Ending balance: individually evaluated for impairment	1				1	1		1
Allowance for credit losses: Ending balance: collectively evaluated for impairment	21				23	21		23	23
Loans receivable	2,074				2,081	2,074		2,081	2,030
Loans receivable: Ending balance: individually evaluated for impairment	1				1	1		1
Loans Receivable: Ending balance: collectively evaluated for impairment	2,073				2,080	2,073		2,080	2,030
Unallocated [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning balance	7		$ 819		1,035	819		1,262	1,262
Provisions	5				206	(807)		(21)	(443)
Allowance for credit losses, Ending Balance	12				1,241	12		1,241	819
Allowance for credit losses: Ending balance: collectively evaluated for impairment	$ 12				$ 1,241	$ 12		$ 1,241	$ 819
[1]	Commercial and industrial contains $17.7 million of PPP loans which were not collectively evaluated for potential impairment. No allowance for loan loss was allocated to the PPP loan portfolio due to the Bank complying with the lender obligations that ensure SBA guarantee.

Loans Receivable and Related _5

Loans Receivable and Related Allowance for Loan Losses (1) (Parenthetical) (Detail) - USD ($)	Jun. 30, 2020		Mar. 31, 2020	Sep. 30, 2019		Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2018
Financing Receivable, Impaired [Line Items]
Potential impairment evaluated	$ 1,016,310,000			$ 1,003,155,000		$ 1,005,557,000
Allowance for loan losses	11,067,000		$ 10,556,000	10,095,000		10,106,000	$ 10,016,000	$ 9,021,000
Paycheck Protection Program Loans [Member]
Financing Receivable, Impaired [Line Items]
Allowance for loan losses	0
Commercial and Industrial [Member]
Financing Receivable, Impaired [Line Items]
Potential impairment evaluated	115,899,000	[1]		99,747,000		97,877,000
Allowance for loan losses	592,000	[1]	$ 516,000	$ 615,000	[1]	$ 543,000	$ 452,000	$ 443,000
Commercial and Industrial [Member] | Paycheck Protection Program Loans [Member]
Financing Receivable, Impaired [Line Items]
Potential impairment evaluated	17,700,000
Allowance for loan losses	$ 0
[1]	Commercial and industrial contains $17.7 million of PPP loans which were not collectively evaluated for potential impairment. No allowance for loan loss was allocated to the PPP loan portfolio due to the Bank complying with the lender obligations that ensure SBA guarantee.

Loans Receivable and Related _6

Loans Receivable and Related Allowance for Loan Losses (Narrative) (Detail)	3 Months Ended				9 Months Ended		12 Months Ended
	Jun. 30, 2020USD ($)	Mar. 31, 2020USD ($)Loan	Dec. 31, 2019USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)Number	Jun. 30, 2019USD ($)	Sep. 30, 2019USD ($)Number
Financing Receivable, Impaired [Line Items]
Financing receivable, collateral dependent TDR loan	$ 21,829,000				$ 21,829,000		$ 13,260,000
Charge-off of TDR loan			$ 2,300,000
Provision for loan losses	435,000		2,200,000	$ 56,000	$ 3,210,000	$ 2,379,000	$ 2,379,000
Reversal of interest income			24,000
Number of loans | Number					26		24
Impaired financing receivable	22,512,000				$ 22,512,000		$ 13,991,000
Non-accrual loans interest income	49,000			18,000	63,000	31,000
Loans past due 90 days or more and still accruing interest	265,000				265,000		502,000
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Financing receivable, collateral dependent TDR loan	18,187,000		$ 9,100,000		18,187,000		9,707,000
Provision for loan losses	(67,000)			(238,000)	$ 3,598,000	1,870,000	$ 2,267,000
Number of loans | Number					5		3
Impaired financing receivable	18,187,000				$ 18,187,000		$ 9,707,000
Loans past due 90 days or more and still accruing interest							295,000
Commercial Real Estate [Member] | Substandard [Member]
Financing Receivable, Impaired [Line Items]
Number of loans | Loan		1
Impaired financing receivable		$ 10,600,000
Construction and Development - Residential and Commercial Receivables [Member]
Financing Receivable, Impaired [Line Items]
Provision for loan losses	51,000			$ 17,000	(118,000)	$ 225,000	130,000
Real estate through foreclosure	$ 175,000				$ 175,000		$ 111,000

Loans Receivable and Related _7

Loans Receivable and Related Allowance for Loan Losses (2) (Detail) - USD ($)	Jun. 30, 2020	Sep. 30, 2019
Financing Receivable, Impaired [Line Items]
Impaired Loans With Specific Allowance, Recorded Investment	$ 658,000	$ 9,299,000
Impaired Loans With Specific Allowance, Related Allowance	211,000	157,000
Impaired Loans With No Specific Allowance, Recorded Investment	21,854,000	4,692,000
Total Impaired Loans Recorded Investment	22,512,000	13,991,000
Total Impaired Loans Unpaid Principal Balance	22,771,000	14,242,000
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans With Specific Allowance, Recorded Investment	195,000
Impaired Loans With Specific Allowance, Related Allowance	2,000
Impaired Loans With No Specific Allowance, Recorded Investment	3,240,000	3,526,000
Total Impaired Loans Recorded Investment	3,435,000	3,526,000
Total Impaired Loans Unpaid Principal Balance	3,626,000	3,713,000
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans With Specific Allowance, Recorded Investment	292,000	9,176,000
Impaired Loans With Specific Allowance, Related Allowance	109,000	57,000
Impaired Loans With No Specific Allowance, Recorded Investment	17,895,000	531,000
Total Impaired Loans Recorded Investment	18,187,000	9,707,000
Total Impaired Loans Unpaid Principal Balance	18,187,000	9,707,000
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans With No Specific Allowance, Recorded Investment	28,000	30,000
Total Impaired Loans Recorded Investment	28,000	30,000
Total Impaired Loans Unpaid Principal Balance	31,000	32,000
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans With Specific Allowance, Recorded Investment	170,000	123,000
Impaired Loans With Specific Allowance, Related Allowance	99,000	100,000
Impaired Loans With No Specific Allowance, Recorded Investment	691,000	605,000
Total Impaired Loans Recorded Investment	861,000	728,000
Total Impaired Loans Unpaid Principal Balance	926,000	$ 790,000
Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans With Specific Allowance, Recorded Investment	1,000
Impaired Loans With Specific Allowance, Related Allowance	1,000
Total Impaired Loans Recorded Investment	1,000
Total Impaired Loans Unpaid Principal Balance	$ 1,000

Loans Receivable and Related _8

Loans Receivable and Related Allowance for Loan Losses (3) (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	$ 22,510	$ 14,328	$ 17,194	$ 24,161
Interest Income Recognized on Impaired Loans	135	99	214	305
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	3,448	3,577	3,487	5,372
Interest Income Recognized on Impaired Loans	24	21	71	69
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	18,190	10,007	12,822	17,650
Interest Income Recognized on Impaired Loans	109	76	129	227
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	28	32	29	55
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	844	667	856	977
Interest Income Recognized on Impaired Loans	$ 2	2	$ 14	7
Construction and Development - Land Receivable [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans		44		93
Interest Income Recognized on Impaired Loans				2
Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans		$ 1		$ 14

Loans Receivable and Related _9

Loans Receivable and Related Allowance for Loan Losses (4) (Detail) - USD ($) $ in Thousands	Jun. 30, 2020		Sep. 30, 2019	Jun. 30, 2019
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	$ 1,038,822		$ 1,017,146	$ 1,019,571
Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	981,137		987,241
Special Mention [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	34,108		15,087
Substandard [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	23,577		14,818
Commercial and Industrial [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	115,899	[1]	99,747	97,877
Commercial and Industrial [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	115,775		99,613
Commercial and Industrial [Member] | Substandard [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	124		134
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	246,215		220,011	216,114
Residential Mortgage [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	242,683		216,376
Residential Mortgage [Member] | Substandard [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	3,532		3,635
Construction and Development - Residential and Commercial Receivables [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	56,999		40,346	47,485
Construction and Development - Residential and Commercial Receivables [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	56,999		40,346
Construction and Development - Land Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	3,535		3,420	3,809
Construction and Development - Land Receivable [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	3,535		3,420
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	501,955		543,452	543,045
Commercial Real Estate [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	458,760		518,848
Commercial Real Estate [Member] | Special Mention [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	24,497		14,601
Commercial Real Estate [Member] | Substandard [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	18,698		10,003
Commercial Farmland [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	7,531		7,563	5,388
Commercial Farmland [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	7,531		7,563
Commercial Multi Family Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	66,416		62,884	64,050
Commercial Multi Family Receivable [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	56,885		62,483
Commercial Multi Family Receivable [Member] | Special Mention [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	9,531		401
Commercial - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	8,397		4,450	5,356
Commercial - Other Receivable [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	8,397		4,450
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	18,097		19,506	19,348
Consumer - Home Equity Lines of Credit [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	17,982		19,385
Consumer - Home Equity Lines of Credit [Member] | Substandard [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	115		121
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	11,704		13,737	15,018
Consumer - Second Mortgages Receivable [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	10,517		12,727
Consumer - Second Mortgages Receivable [Member] | Special Mention [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	80		85
Consumer - Second Mortgages Receivable [Member] | Substandard [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	1,107		925
Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	2,074		2,030	$ 2,081
Consumer - Other Receivable [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	2,073		$ 2,030
Consumer - Other Receivable [Member] | Substandard [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	$ 1
[1]	Commercial and industrial contains $17.7 million of PPP loans which were not collectively evaluated for potential impairment. No allowance for loan loss was allocated to the PPP loan portfolio due to the Bank complying with the lender obligations that ensure SBA guarantee.

Loans Receivable and Related_10

Loans Receivable and Related Allowance for Loan Losses (5) (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Sep. 30, 2019
Financing Receivable, Impaired [Line Items]
Total non-accrual loans	$ 8,871	$ 1,821
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Total non-accrual loans	1,877	1,532
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Total non-accrual loans	6,743
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Total non-accrual loans	28	30
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total non-accrual loans	$ 223	$ 259

Loans Receivable and Related_11

Loans Receivable and Related Allowance for Loan Losses (6) (Detail) - USD ($) $ in Thousands	Jun. 30, 2020		Sep. 30, 2019	Jun. 30, 2019
Financing Receivable, Impaired [Line Items]
Current	$ 1,035,424		$ 1,014,767
Past Due	3,398		2,379
Total Loans Receivable	1,038,822		1,017,146	$ 1,019,571
Accruing 90 Days or More Past Due	265		502
30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	452		941
60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	1,138		493
Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	1,808		945
Commercial and Industrial [Member]
Financing Receivable, Impaired [Line Items]
Current	115,899		99,247
Past Due			500
Total Loans Receivable	115,899	[1]	99,747	97,877
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	243,909		219,062
Past Due	2,306		949
Total Loans Receivable	246,215		220,011	216,114
Accruing 90 Days or More Past Due	195		207
Residential Mortgage [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	73		62
Residential Mortgage [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	675		381
Residential Mortgage [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	1,558		506
Construction and Development - Residential and Commercial Receivables [Member]
Financing Receivable, Impaired [Line Items]
Current	56,999		40,346
Total Loans Receivable	56,999		40,346	47,485
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Current	501,644		543,157
Past Due	311		295
Total Loans Receivable	501,955		543,452	543,045
Accruing 90 Days or More Past Due			295
Commercial Real Estate [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	311
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	7,531		7,563
Total Loans Receivable	7,531		7,563	5,388
Commercial Multi Family Receivable [Member]
Financing Receivable, Impaired [Line Items]
Current	66,416		62,884
Total Loans Receivable	66,416		62,884	64,050
Commercial - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Current	8,397		4,450
Total Loans Receivable	8,397		4,450	5,356
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Current	18,022		19,506
Past Due	75
Total Loans Receivable	18,097		19,506	19,348
Consumer - Home Equity Lines of Credit [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	47
Consumer - Home Equity Lines of Credit [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	28
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Current	11,000		13,102
Past Due	704		635
Total Loans Receivable	11,704		13,737	15,018
Accruing 90 Days or More Past Due	69
Consumer - Second Mortgages Receivable [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	379		379
Consumer - Second Mortgages Receivable [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	104		112
Consumer - Second Mortgages Receivable [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	221		144
Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Current	2,072		2,030
Past Due	2
Total Loans Receivable	2,074		2,030	2,081
Accruing 90 Days or More Past Due	1
Consumer - Other Receivable [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	1
Consumer - Other Receivable [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	1
Construction and Development - Land Receivable [Member]
Financing Receivable, Impaired [Line Items]
Current	3,535		3,420
Total Loans Receivable	$ 3,535		$ 3,420	$ 3,809
[1]	Commercial and industrial contains $17.7 million of PPP loans which were not collectively evaluated for potential impairment. No allowance for loan loss was allocated to the PPP loan portfolio due to the Bank complying with the lender obligations that ensure SBA guarantee.

Loans Receivable and Related_12

Loans Receivable and Related Allowance for Loan Losses (Details 7) (Detail) $ in Thousands	9 Months Ended	12 Months Ended
	Jun. 30, 2020USD ($)Number	Sep. 30, 2019USD ($)Number	Dec. 31, 2019USD ($)
Financing Receivable, Impaired [Line Items]
Total Troubled Debt Restructurings, Number of Loans | Number	26	24
Total Troubled Debt Restructurings, Recorded Investment | $	$ 21,829	$ 13,260
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Number of Loans | Number	7	4
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Recorded Investment | $	$ 8,189	$ 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 | $	$ 3,475	$ 3,372
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Number of Loans | Number	6	4
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Recorded Investment | $	$ 1,446	$ 1,090
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Total Troubled Debt Restructurings, Number of Loans | Number	5	3
Total Troubled Debt Restructurings, Recorded Investment | $	$ 18,187	$ 9,707	$ 9,100
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Number of Loans | Number	1
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Recorded Investment | $	$ 6,743
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 | $	$ 167	$ 181

Loans Receivable and Related_13

Loans Receivable and Related Allowance for Loan Losses (8) (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019	Sep. 30, 2019
Recorded Investment	$ 21,829		$ 13,260
Performing Financing Receivable [Member]
Recorded Investment	13,640		12,170
Nonperforming Financing Receivable [Member]
Recorded Investment	8,189		1,090
Residential Mortgage [Member]
Recorded Investment	3,475		3,372
Residential Mortgage [Member] | Performing Financing Receivable [Member]
Recorded Investment	2,029		2,282
Residential Mortgage [Member] | Nonperforming Financing Receivable [Member]
Recorded Investment	1,446		1,090
Commercial Real Estate [Member]
Recorded Investment	18,187	$ 9,100	9,707
Commercial Real Estate [Member] | Performing Financing Receivable [Member]
Recorded Investment	11,444		9,707
Commercial Real Estate [Member] | Nonperforming Financing Receivable [Member]
Recorded Investment	6,743
Consumer - Second Mortgages Receivable [Member]
Recorded Investment	167		181
Consumer - Second Mortgages Receivable [Member] | Performing Financing Receivable [Member]
Recorded Investment	$ 167		$ 181

Loans Receivable and Related_14

Loans Receivable and Related Allowance for Loan Losses (9) (Detail) $ in Thousands	3 Months Ended	9 Months Ended
	Jun. 30, 2020USD ($)Number	Jun. 30, 2020USD ($)Number	Jun. 30, 2019USD ($)Number
Financing Receivable, Impaired [Line Items]
Number of Contracts | Number	1	3	5
Pre-Modifications Outstanding Recorded Investment	$ 10,635	$ 11,137	$ 812
Post-Modification Outstanding Recorded Investment	$ 10,635	$ 11,133	$ 780
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	$ 704
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Number of Contracts | Number	1	2
Pre-Modifications Outstanding Recorded Investment	$ 10,635	$ 10,930
Post-Modification Outstanding Recorded Investment	$ 10,635	$ 10,926
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			$ 76

Regulatory Matters (Narrative)

Regulatory Matters (Narrative) (Detail)	3 Months Ended	9 Months Ended
	Jun. 30, 2020$ / sharesshares	Jun. 30, 2020$ / sharesshares	Sep. 30, 2019	Mar. 14, 2019shares	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	64,318	177,653
Average cost per share | $ / shares	$ 11.69	$ 14.23
Shares remain available for issuance	0	0
Malvern Federal Savings Bank [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Common equity Tier 1 capital ratio						7	4.5	4
Tier 1 capital ratio	6	6	6			8.5	6
Tier 1 Capital conservation buffer					2.50%
Total capital ratio	16.73	16.73	16.40			10.5
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) $ in Thousands	Jun. 30, 2020USD ($)	Sep. 30, 2019USD ($)	Jan. 01, 2016	Jan. 01, 2015
Parent Company [Member]
Capital (to adjusted tangible assets): Actual Amount	$ 145,089	$ 142,508
Common equity Tier 1(to risk-weighted assets): Actual Amount	145,089	142,508
Tier 1 Capital (to risk-weighted assets): Actual Amount	145,089	142,508
Total Capital (to risk-weighted assets): Actual Amount	$ 180,974	$ 177,923
Capital (to adjusted tangible assets): Actual Ratio	11.86	11.38
Common equity Tier 1(to risk-weighted assets): Actual Ratio	14.28	14.30
Tier 1 Capital (to risk-weighted assets): Actual Ratio	14.28	14.30
Total Capital (to risk-weighted assets): Actual Ratio	17.81	17.79
Capital (to adjusted tangible assets): For Capital Adequacy Purposes Amount	$ 48,949	$ 50,091
Common Equity Tier 1 Capital (to risk weighted assets)	45,724	44,838
Tier 1 Capital (to risk weighted assets)	60,965	59,784
Total Capital (to risk weighted assets)	$ 81,287	$ 79,713
Capital (to adjusted tangible assets): For Capital Adequacy Purposes Ratio	4	4
Common Equity Tier 1 Capital (to risk weighted assets)	4.50	4.50
Tier 1 Capital (to risk weighted assets)	6	6
Total Capital (to risk weighted assets)	8	8
Capital (to adjusted tangible assets): To be Well Capitalized under Prompt Corrective Action Provisions Capital Amount	$ 61,186	$ 62,614
Common Equity Tier 1 Capital (to risk weighted assets)	66,045	64,766
Tier 1 Capital (to risk weighted assets)	81,287	79,713
Total Capital (to risk weighted assets)	$ 101,608	$ 99,641
Capital (to adjusted tangible assets): To be Well Capitalized under Prompt Corrective Action Provisions Ratio	5	5
Common Equity Tier 1 Capital (to risk weighted assets)	6.50	6.50
Tier 1 Capital (to risk weighted assets)	8	8
Total Capital (to risk weighted assets)	10	10
Malvern Federal Savings Bank [Member]
Capital (to adjusted tangible assets): Actual Amount	$ 158,625	$ 153,086
Common equity Tier 1(to risk-weighted assets): Actual Amount	158,625	153,086
Tier 1 Capital (to risk-weighted assets): Actual Amount	158,625	153,086
Total Capital (to risk-weighted assets): Actual Amount	$ 169,773	$ 163,253
Capital (to adjusted tangible assets): Actual Ratio	12.98	12.23
Common equity Tier 1(to risk-weighted assets): Actual Ratio	15.63	15.38
Tier 1 Capital (to risk-weighted assets): Actual Ratio	15.63	15.38
Total Capital (to risk-weighted assets): Actual Ratio	16.73	16.40	10.5
Capital (to adjusted tangible assets): For Capital Adequacy Purposes Amount	$ 48,898	$ 50,055
Common Equity Tier 1 Capital (to risk weighted assets)	45,659	44,788
Tier 1 Capital (to risk weighted assets)	60,878	59,717
Total Capital (to risk weighted assets)	$ 81,171	$ 79,623
Capital (to adjusted tangible assets): For Capital Adequacy Purposes Ratio	4	4
Common Equity Tier 1 Capital (to risk weighted assets)	4.50	4.50
Tier 1 Capital (to risk weighted assets)	6	6	8.5	6
Total Capital (to risk weighted assets)	8	8
Capital (to adjusted tangible assets): To be Well Capitalized under Prompt Corrective Action Provisions Capital Amount	$ 61,123	$ 62,569
Common Equity Tier 1 Capital (to risk weighted assets)	65,951	64,694
Tier 1 Capital (to risk weighted assets)	81,171	79,623
Total Capital (to risk weighted assets)	$ 101,464	$ 99,529
Capital (to adjusted tangible assets): To be Well Capitalized under Prompt Corrective Action Provisions Ratio	5	5
Common Equity Tier 1 Capital (to risk weighted assets)	6.50	6.50
Tier 1 Capital (to risk weighted assets)	8	8
Total Capital (to risk weighted assets)	10	10

Derivatives and Hedging Activ_3

Derivatives and Hedging Activities (Narrative) (Detail) - USD ($)	9 Months Ended
	Jun. 30, 2020	Sep. 30, 2019
Derivative [Line Items]
Minimum collateral posting thresholds with derivative counterparties	$ 0	$ 6,400,000
Interest Rate Swap [Member]
Derivative [Line Items]
Estimated interest expense	$ 977,000

Derivatives and Hedging Activ_4

Derivatives and Hedging Activities (Detail) - Interest Rate Swap Agreements [Member] - USD ($) $ in Thousands	Jun. 30, 2020	Sep. 30, 2019
Designated as Hedging Instrument [Member] | Other Assets [Member]
Notional Amount, Asset Derivatives		$ 35,000
Fair Value		126
Designated as Hedging Instrument [Member] | Other Liabilities [Member]
Notional Amount, Liability Derivatives	$ 90,000	30,000
Fair Value	1,536	736
Derivatives Not Designated As Hedging Instrument [Member] | Other Assets [Member]
Notional Amount, Asset Derivatives	45,264	29,916
Fair Value	9,289	5,019
Derivatives Not Designated As Hedging Instrument [Member] | Other Liabilities [Member]
Notional Amount, Liability Derivatives	45,264	29,916
Fair Value	$ 9,294	$ 5,018

Derivatives and Hedging Activ_5

Derivatives and Hedging Activities - Schedule of Offsetting of Derivative Assets and Liabilities (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Sep. 30, 2019
Offsetting of Derivative Assets
Gross Amounts of Recognized Assets	$ 9,289	$ 5,145
Net Amounts of Assets presented in the Statement of Financial Condition	9,289	5,145
Gross Amounts Not Offset in the Statements of Financial Condition, Financial Instruments		173
Gross Amounts Not Offset in the Statements of Financial Condition, Net Amount	9,289	4,972
Offsetting of Derivative Liabilities
Gross Amounts of Recognized Liabilities	10,830	5,754
Net Amounts of Liabilities presented in the Statement of Financial Condition	10,830	5,754
Gross Amounts Not Offset in the Statements of Financial Condition, Financial Instruments	1,670	767
Gross Amounts Not Offset in the Statements of Financial Condition, Cash Collateral Posted	12,597	2,754
Gross Amounts Not Offset in the Statements of Financial Condition, Net Amount	$ (3,437)	$ 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		9 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Derivative [Line Items]
Amount of Loss Recognized in OCI on Derivative	$ (433)	$ (578)	$ (1,086)	$ (1,514)
Amount of Gain (Loss) Reclassified from OCI to Interest Expense	(122)	86	(183)	253
Interest Rate Swap Agreements [Member]
Derivative [Line Items]
Amount of Loss Recognized in OCI on Derivative	(433)	(578)	(1,086)	(1,514)
Amount of Gain (Loss) Reclassified from OCI to Interest Expense	$ (122)	$ 86	$ (183)	$ 253

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	9 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Amount of Gain (Loss) Recognized in Income on derivatives	$ (6)	$ (2)
Interest Rate Swap Agreements [Member] | Other Income [Member]
Amount of Gain (Loss) Recognized in Income on derivatives	$ (6)	$ (2)

Fair Value Measurements (Detail

Fair Value Measurements (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Sep. 30, 2019
Assets
Investment securities available for sale, at fair value	$ 32,222	$ 18,411
Equity investment securities	1,023
Derivative instruments	9,289	5,145
Liabilities
Derivative instruments	10,830	5,754
U. S. Government Agencies [Member]
Assets
Investment securities available for sale, at fair value	5,056	3,000
State And Municipal Obligations [Member]
Assets
Investment securities available for sale, at fair value	3,710	4,732
Single Issuer Trust Preferred Security [Member]
Assets
Investment securities available for sale, at fair value	837	923
Corporate Debt Securities [Member]
Assets
Investment securities available for sale, at fair value	22,119	9,506
Mutual Funds [Member]
Assets
Investment securities available for sale, at fair value	500	250
Equity investment securities	1,023
Fair Value, Measurements, Recurring [Member]
Assets
Investment securities available for sale, at fair value	32,222	18,411
Equity investment securities	1,023
Derivative instruments	9,289	5,145
Liabilities
Derivative instruments	10,830	5,754
Fair Value, Measurements, Recurring [Member] | U. S. Government Agencies [Member]
Assets
Investment securities available for sale, at fair value	5,056	3,000
Fair Value, Measurements, Recurring [Member] | State And Municipal Obligations [Member]
Assets
Investment securities available for sale, at fair value	3,710	4,732
Fair Value, Measurements, Recurring [Member] | Single Issuer Trust Preferred Security [Member]
Assets
Investment securities available for sale, at fair value	837	923
Fair Value, Measurements, Recurring [Member] | Corporate Debt Securities [Member]
Assets
Investment securities available for sale, at fair value	22,119	9,506
Fair Value, Measurements, Recurring [Member] | Mutual Funds [Member]
Assets
Investment securities available for sale, at fair value	500	250
Equity investment securities	1,023
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Assets
Equity investment securities	1,023
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Mutual Funds [Member]
Assets
Equity investment securities	1,023
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Assets
Investment securities available for sale, at fair value	31,722	18,161
Derivative instruments	9,289	5,145
Liabilities
Derivative instruments	10,830	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	5,056	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	3,710	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	837	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	22,119	9,506
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Assets
Investment securities available for sale, at fair value	500	250
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Mutual Funds [Member]
Assets
Investment securities available for sale, at fair value	$ 500	$ 250

Fair Value Measurements (1) (De

Fair Value Measurements (1) (Detail) - Fair Value, Inputs, Level 3 [Member] - USD ($) $ in Thousands	9 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Balance, October 1, 2019	$ 250	$ 250
Purchases	250
Balance, June 30, 2020	$ 500	$ 250

Fair Value Measurements (2) (De

Fair Value Measurements (2) (Detail) $ in Thousands	Jun. 30, 2020USD ($)	Sep. 30, 2019USD ($)
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	0.053	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	0.050
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	$ 6,243	$ 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	447	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	6,243	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	$ 447	$ 9,142

Fair Value Measurements (Narrat

Fair Value Measurements (Narrative) (Detail) - USD ($)	Jun. 30, 2020	Sep. 30, 2019
Fair Value Disclosures [Abstract]
Impaired Loans with aggregate balance	$ 658,000
Impaired Loans with specific loan loss allowance	211,000	$ 157,000
Impaired Loans with aggregate balance	$ 658,000	$ 9,299,000

Fair Value Measurements (3) (De

Fair Value Measurements (3) (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Sep. 30, 2019
Financial assets:
Investment securities available-for-sale	$ 32,222	$ 18,411
Investment securities held-to-maturity	16,507	22,609
Equity investment securities	1,023
Derivatives (included in Other Assets)	9,289	5,145
Financial liabilities:
Derivative instruments	10,830	5,754
Carrying Amount [Member]
Financial assets:
Cash and cash equivalents	58,944	153,543
Investment securities available-for-sale	32,222	18,411
Investment securities held-to-maturity	15,921	22,485
Equity investment securities	1,023
Loans receivable, net (including impaired loans)	1,028,093	1,007,714
Accrued interest receivable	5,680	4,253
Restricted stock	9,766	11,129
Mortgage servicing rights (included in Other Assets)	120	178
Derivatives (included in Other Assets)	9,289	5,145
Financial liabilities:
Savings accounts	43,702	41,875
Checking and NOW accounts	324,681	357,723
Money market accounts	281,419	276,644
Certificates of deposit	234,642	277,569
Borrowings (excluding sub debt)	130,000	133,000
Subordinated debt	24,737	24,619
Derivative instruments	10,830	5,754
Accrued interest payable	1,096	978
Fair Value [Member]
Financial assets:
Cash and cash equivalents	58,944	153,543
Investment securities available-for-sale	32,222	18,411
Investment securities held-to-maturity	16,507	22,609
Equity investment securities	1,023
Loans receivable, net (including impaired loans)	1,039,305	1,010,442
Accrued interest receivable	5,680	4,253
Restricted stock	9,766	11,129
Mortgage servicing rights (included in Other Assets)	120	178
Derivatives (included in Other Assets)	9,289	5,145
Financial liabilities:
Savings accounts	43,702	41,875
Checking and NOW accounts	324,681	357,723
Money market accounts	281,419	276,644
Certificates of deposit	238,553	280,024
Borrowings (excluding sub debt)	130,997	133,545
Subordinated debt	25,347	24,471
Derivative instruments	10,830	5,754
Accrued interest payable	1,096	978
Fair Value, Inputs, Level 1 [Member] | Fair Value [Member]
Financial assets:
Cash and cash equivalents	58,944	153,543
Equity investment securities	1,023
Fair Value, Inputs, Level 2 [Member] | Fair Value [Member]
Financial assets:
Investment securities available-for-sale	31,722	18,161
Investment securities held-to-maturity	16,507	22,609
Accrued interest receivable	5,680	4,253
Restricted stock	9,766	11,129
Mortgage servicing rights (included in Other Assets)	120	178
Derivatives (included in Other Assets)	9,289	5,145
Financial liabilities:
Savings accounts	43,702	41,875
Checking and NOW accounts	324,681	357,723
Money market accounts	281,419	276,644
Certificates of deposit	238,553	280,024
Borrowings (excluding sub debt)	130,997	133,545
Subordinated debt	25,347	24,471
Derivative instruments	10,830	5,754
Accrued interest payable	1,096	978
Fair Value, Inputs, Level 3 [Member] | Fair Value [Member]
Financial assets:
Investment securities available-for-sale	500	250
Loans receivable, net (including impaired loans)	$ 1,039,305	$ 1,010,442

Comprehensive Income (Loss) (De

Comprehensive Income (Loss) (Detail) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Jun. 30, 2020	Sep. 30, 2019
Equity [Abstract]
Net unrealized holding losses on available-for-sale securities	$ (459)	$ (111)
Tax effect	96	24
Net of tax amount	(363)	(87)
Fair value adjustments on derivatives	(1,536)	(610)
Tax effect	341	128
Net of tax amount	(1,195)	(482)
Total accumulated other comprehensive loss	$ (1,558)	$ (569)

Comprehensive Income (Loss) (1)

Comprehensive Income (Loss) (1) (Detail) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Equity [Abstract]
Unrealized holding (losses) gains on available-for-sale securities		$ (302)	$ 177	$ (169)	$ 298
Net realized gain on securities available-for-sale	[1]	(1)	(27)	(181)	(27)
Amortization of unrealized holding losses on securities transferred from available-for-sale to held-to-maturity	[2]	1	1	3	4
Adjustment for loss recorded on replacement of derivative		23		23
Fair value adjustments on derivatives		(336)	(664)	(927)	(1,767)
Other comprehensive loss before taxes		(615)	(513)	(1,251)	(1,492)
Tax effect		128	108	262	313
Total other comprehensive loss		$ (487)	$ (405)	$ (989)	$ (1,179)
[1]	Amounts are included in net gains on sale of investments on the Consolidated Statements of Operations in total other income.
[2]	Amounts are included in interest and dividends on investment securities on the Consolidated Statements of Operations.

Equity Based Incentive Compen_3

Equity Based Incentive Compensation Plan (Narrative) (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted shares	0	0	7,000	7,000
Share-based compensation			$ 202,000	$ 172,000
Granted shares	5,700	3,391	23,821	12,674
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		400,000
Number of remaining shares available for future grants	318,651		318,651
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	7,000	7,000
Share-based compensation	$ 9,000	$ 7,000	$ 21,000	$ 18,000
Compensation cost not yet recognized	92,000		$ 92,000
Weighted average period			3 years 4 months 28 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	$ 115,000	$ 102,000	$ 181,000	$ 154,000
Granted shares	5,700	3,391	23,821	12,674
Forfeited shares		0	1,610	0
Compensation cost not yet recognized	$ 588,000		$ 588,000
Weighted average period			3 years 9 months 21 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) - Stock Option [Member] - Malvern Bancorp, Inc. 2014 Long Term Incentive Compensation Plan (the 2014 Plan) [Member] - $ / shares	9 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Weighted Average Fair Value of Awards	$ 4.72	$ 5.72
Risk Free Rate	1.22%	2.50%
Volatility	19.86%	20.39%
Expected Life	6 years 6 months	6 years 6 months

Equity Based Incentive Compen_5

Equity Based Incentive Compensation Plan 1 (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Granted	0	0	7,000	7,000
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	7,000	7,000
Outstanding, end of year	25,830		25,830
Exercisable, end of year	8,140		8,140
Nonvested, at end of year	17,690		17,690
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward]
Outstanding, beginning of year			$ 22.05
Granted			20.28
Outstanding, end of year	$ 21.57		21.57
Exercisable, end of year	21.50		21.50
Nonvested, at end of year	$ 21.60		$ 21.60
Share-based Compensation Arrangement by Share-based Payment Award, Options, Weighted Average Remaining Contractual Life [Roll Forward]
Outstanding, end of year			8 years 25 days
Exercisable, end of year			7 years 16 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Aggregate Intrinsic Value [Roll Forward]
Outstanding, beginning of year			$ 21,350

Equity Based Incentive Compen_6

Equity Based Incentive Compensation Plan 2 - Restricted Stock Awards (Detail) - $ / shares	3 Months Ended		9 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Granted	5,700	3,391	23,821	12,674
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	5,700	3,391	23,821	12,674
Vested			10,051
Forfeited/cancelled/expired		0	1,610	0
Outstanding, end of year	30,653		30,653
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			19.62
Vested			16.62
Forfeited/cancelled/expired			21.43
Outstanding, end of year	$ 21.98		$ 21.98

Deposits (Detail)

Deposits (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Sep. 30, 2019
Deposits:
Savings	$ 43,702	$ 41,875
Money market accounts	281,419	276,644
Interest-bearing demand	277,238	302,039
Non-interest-bearing demand	47,443	55,684
Total deposits before certificates of deposit	649,802	676,242
Certificates of deposit	234,642	277,569
Total Deposits	$ 884,444	$ 953,811
Percentage of savings	4.94%	4.39%
Percentage of money market accounts	31.82%	29.00%
Percentage of interest bearing demand	31.35%	31.67%
Percentage of non-interest bearing demand	5.36%	5.84%
Percentage of total deposits before certificates of deposit	73.47%	70.90%
Percentage of certificates of deposit	26.53%	29.10%
Percentage of total deposits	100.00%	100.00%

Deposits (Narrative) (Detail)

Deposits (Narrative) (Detail) - USD ($) $ in Millions	Jun. 30, 2020	Sep. 30, 2019
Deposits:
Certificates of deposit of $250,000 and greater	$ 57.7	$ 63.5
Brokered deposits	$ 11.1	$ 73.1

Deposits 1 (Detail)

Deposits 1 (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Deposits:
Savings accounts	$ 11	$ 13	$ 35	$ 36
Money market accounts	902	1,338	3,122	3,523
Interest-bearing demand	661	973	2,920	2,625
Certificates of deposit	1,302	1,602	4,159	4,081
Total	$ 2,876	$ 3,926	$ 10,236	$ 10,265

Deposits (2) (Detail)

Deposits (2) (Detail) $ in Thousands	Jun. 30, 2020USD ($)
Deposits:
2021	$ 178,227
2022	26,952
2023	8,257
2024	11,924
Thereafter	9,282
Total	$ 234,642

Leases (Narrative) (Detail)

Leases (Narrative) (Detail)	9 Months Ended
	Jun. 30, 2020OfficeLease
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		9 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Leases [Abstract]
Operating lease cost	$ 175	$ 122	$ 523	$ 357
Short-term lease cost	26	15	79	45
Total	$ 201	$ 137	$ 602	$ 402

Leases - Schedule of Supplement

Leases - Schedule of Supplemental Information of Leases (Detail) $ in Thousands	9 Months Ended
	Jun. 30, 2020USD ($)
Supplemental balance sheet information
Operating lease right-of-use assets	$ 2,799
Operating lease liabilities	$ 2,824
Weighted average remaining lease term	5 years 6 months 25 days
Weighted average discount rate	1.99%
Supplemental cash flow information
Operating cash flows from operating leases	$ 499
ROU assets obtained in exchange for lease obligations	$ 3,279

Leases - Schedule of Maturities

Leases - Schedule of Maturities of Lease Liabilities (Detail) $ in Thousands	Jun. 30, 2020USD ($)
Leases [Abstract]
Remainder of 2020	$ 169
2021	601
2022	492
2023	474
2024	474
Thereafter	746
Total lease payments	2,956
Less: imputed interest	(132)
Total	$ 2,824