Malvern Bancorp (MLVF) 10-Q 17 May 21 2021 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Mar. 31, 2021	May 13, 2021
Cover [Abstract]
Entity Registrant Name	MALVERN BANCORP, INC.
Entity Central Index Key	0001550603
Document Type	10-Q
Document Period End Date	Mar. 31, 2021
Amendment Flag	false
Current Fiscal Year End Date	--09-30
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		7,622,316
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2021
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 East 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 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	MLVF
Security Exchange Name	NASDAQ

CONSOLIDATED STATEMENTS OF FINA

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2021	Sep. 30, 2020
ASSETS
Cash and due from depository institutions	$ 99,358	$ 16,386
Interest bearing deposits in depository institutions	9,556	45,053
Cash and Cash Equivalents	108,914	61,439
Investment securities available for sale, at fair value (amortized cost of $29,165 and $31,658, respectively)	28,899	31,541
Investment securities held to maturity (fair value of $26,367 and $15,608, respectively)	25,834	14,970
Restricted stock, at cost	8,891	9,622
Loans receivable, net of allowance for loan losses of $12,601 and $12,433, respectively	974,596	1,026,894
Other real estate owned	5,796	5,796
Accrued interest receivable	3,598	3,677
Operating lease right-of-use assets	2,322	2,638
Property and equipment, net	6,040	6,274
Deferred income taxes	3,535	3,680
Bank-owned life insurance	25,725	25,400
Other assets	12,269	16,344
Total Assets	1,206,419	1,208,275
Deposits:
Deposits-non-interest-bearing	54,210	50,422
Deposits-interest-bearing	858,003	840,484
Total Deposits	912,213	890,906
FHLB advances	110,000	130,000
Secured borrowing		4,225
Subordinated debt	24,855	24,776
Advances from borrowers for taxes and insurance	2,038	1,741
Accrued interest payable	648	728
Operating lease liabilities	2,357	2,671
Other liabilities	8,457	12,635
Total Liabilities	1,060,568	1,067,682
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 March 31, 2021 and 7,804,469 and 7,609,953 shares issued and outstanding, respectively, at September 30, 2020	76	76
Additional paid-in-capital	85,271	85,127
Retained earnings	64,885	60,388
Unearned Employee Stock Ownership Plan (ESOP) shares	(974)	(1,047)
Accumulated other comprehensive loss	(544)	(1,088)
Treasury stock, at cost: 194,516 shares at March 31, 2021 and September 30, 2020	(2,863)	(2,863)
Total Shareholders’ Equity	145,851	140,593
Total Liabilities and Shareholders’ Equity	$ 1,206,419	$ 1,208,275

CONSOLIDATED STATEMENTS OF FI_2

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2021	Sep. 30, 2020
Statement Of Financial Position [Abstract]
Investment securities available for sale, amortized cost	$ 29,165	$ 31,658
Investment securities held to maturity, fair value	26,367	15,608
Allowance for loan losses	$ 12,601	$ 12,433
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	7,804,469
Common stock, outstanding	7,609,953	7,609,953
Treasury stock, shares	194,516	194,516

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Interest and Dividend Income
Loans, including fees	$ 9,069	$ 10,632	$ 19,145	$ 21,558
Investment securities, taxable	321	231	668	446
Investment securities, tax-exempt	23	34	47	73
Dividends, restricted stock	119	182	260	370
Interest-bearing cash accounts	7	550	15	1,022
Total Interest and Dividend Income	9,539	11,629	20,135	23,469
Interest Expense
Deposits	1,805	3,623	4,062	7,360
Short-term borrowings	3		48
Long-term borrowings	546	830	1,153	1,662
Subordinated debt	383	383	766	766
Total Interest Expense	2,737	4,836	6,029	9,788
Net Interest Income	6,802	6,793	14,106	13,681
Provision for Loan Losses		625	550	2,775
Net Interest Income after Provision for Loan losses	6,802	6,168	13,556	10,906
Other Income
Service charges and other fees	419	604	666	863
Rental income	54	55	108	109
Net gains on sale and call of investments	259	180	614	180
Net gains on sale of loans	274		678	3
Earnings on bank-owned life insurance	161	125	325	252
Total Other Income	1,167	964	2,391	1,407
Other Expenses
Salaries and employee benefits	2,275	2,271	4,547	4,396
Occupancy expense	568	591	1,110	1,173
Federal deposit insurance premium	83	3	159
Advertising	32	32	64	54
Data processing	306	272	634	550
Professional fees	884	502	1,547	943
Other real estate owned expense, net	3	(1)	31	70
Pennsylvania shares tax	169	170	339	340
Other operating expenses	743	798	1,604	1,534
Total Other Expenses	5,063	4,638	10,035	9,060
Income before income tax expense	2,906	2,494	5,912	3,253
Income tax expense	682	586	1,415	560
Net Income	$ 2,224	$ 1,908	$ 4,497	$ 2,693
Earnings Per Common Share:
Basic	$ 0.30	$ 0.25	$ 0.60	$ 0.35
Diluted	$ 0.30	$ 0.25	$ 0.60	$ 0.35
Weighted Average Common Shares Outstanding:
Basic	7,529,408	7,663,771	7,527,588	7,664,813
Diluted	7,530,151	7,663,771	7,528,189	7,664,813

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Statement Of Income And Comprehensive Income [Abstract]
Net Income		$ 2,224	$ 1,908	$ 4,497	$ 2,693
Other Comprehensive Income (Loss), Net of Tax:
Unrealized holding gains on available-for-sale securities		7	62	464	133
Tax effect		(1)	(13)	(97)	(28)
Net of tax amount		6	49	367	105
Reclassification adjustment for net gains arising during the period	[1]	(259)	(180)	(614)	(180)
Tax effect		55	38	129	38
Net of tax amount		(204)	(142)	(485)	(142)
Adjustment for loss recorded on replacement of derivative		(2)		(4)
Amortization of unrealized holding losses on securities transferred from available-for-sale to held-to-maturity	[2]	1	1	2	2
Tax effect		(1)		(1)
Net of tax amount			1	1	2
Fair value adjustments on derivatives		567	(682)	840	(591)
Tax effect		(118)	143	(175)	124
Net of tax amount		449	(539)	665	(467)
Total other comprehensive income (loss)		249	(631)	544	(502)
Total comprehensive income		$ 2,473	$ 1,277	$ 5,041	$ 2,191
[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 Loss [Member]	Treasury Stock [Member]
Balance at beginning at Sep. 30, 2019	$ 142,508	$ 78	$ 84,783	$ 59,744	$ (1,192)	$ (569)	$ (336)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income	2,693			2,693
Other comprehensive income (loss)	(502)					(502)
Treasury stock activity	(1,777)	(1)					(1,776)
Committed to be released ESOP shares	150		78		72
Stock based compensation	78		78
Balance at ending at Mar. 31, 2020	143,150	77	84,939	62,437	(1,120)	(1,071)	(2,112)
Balance at beginning at Dec. 31, 2019	143,535	78	84,860	60,529	(1,156)	(440)	(336)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income	1,908			1,908
Other comprehensive income (loss)	(631)					(631)
Treasury stock activity	(1,777)	(1)					(1,776)
Committed to be released ESOP shares	69		33		36
Stock based compensation	46		46
Balance at ending at Mar. 31, 2020	143,150	77	84,939	62,437	(1,120)	(1,071)	(2,112)
Balance at beginning at Sep. 30, 2020	140,593	76	85,127	60,388	(1,047)	(1,088)	(2,863)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income	4,497			4,497
Other comprehensive income (loss)	544					544
Committed to be released ESOP shares	115		42		73
Stock based compensation	102		102
Balance at ending at Mar. 31, 2021	145,851	76	85,271	64,885	(974)	(544)	(2,863)
Balance at beginning at Dec. 31, 2020	143,266	76	85,195	62,661	(1,010)	(793)	(2,863)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income	2,224			2,224
Other comprehensive income (loss)	249					249
Committed to be released ESOP shares	62		26		36
Stock based compensation	50		50
Balance at ending at Mar. 31, 2021	$ 145,851	$ 76	$ 85,271	$ 64,885	$ (974)	$ (544)	$ (2,863)

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) (Parenthetical) - shares	3 Months Ended		6 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Statement Of Stockholders Equity [Abstract]
Committed to be released ESOP shares	3,600	3,600	7,200	7,200

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020	Sep. 30, 2020
Cash Flows from Operating Activities
Net Income	$ 2,224	$ 1,908	$ 4,497	$ 2,693
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation expense			336	374
Provision for Loan Losses		625	550	2,775	$ 10,610
Deferred income tax expense (benefit)			145	(134)
ESOP expense			115	150
Stock based compensation			102	78
Amortization of premiums and discounts on investments securities, net			94	97
Amortization of loan origination fees and costs			1,108	1,519
Amortization of mortgage servicing rights			15	33
Net gain on sale and call of investments securities available-for-sale	(259)	(180)	(614)	(180)
Net loss on sale of fixed assets				4
Net gain on sale of secondary market loans			(678)	(3)
Proceeds from sale of secondary market loans			18,934	73
Originations of secondary market loans			(18,256)	(70)
Earnings on bank-owned life insurance	(161)	(125)	(325)	(252)
Decrease in accrued interest receivable			79	132
Decrease in accrued interest payable			(80)	(105)
Operating lease liability payments			(326)	(332)
(Decrease) increase in other liabilities			(4,492)	7,354
Decrease (increase) in other assets			5,395	(4,506)
Amortization of subordinated debt			79	78
Net Cash Provided by Operating Activities			6,678	9,778
Investment securities available-for-sale:
Purchases			(10,500)	(12,100)
Sales			13,132	5,045
Maturities, calls and principal repayments			446	3,740
Investment securities held-to-maturity:
Purchases			(12,500)
Maturities, calls and principal repayments			1,571	4,364
Net decrease in loans			50,640	564
Net decrease in restricted stock			731	216
Purchase of property and equipment			(102)	(176)
Net Cash Provided by Investing Activities			43,418	1,653
Cash Flows from Financing Activities
Net increase (decrease) in deposits			21,307	(37,911)
Proceeds for long-term borrowings			160,000
Repayment of long-term borrowings			(180,000)
Repayment of secured borrowings			(4,225)	(50)
Increase in advances from borrowers for taxes and insurance			297	832
Acquisition of treasury stock				(1,777)
Net Cash Used in Financing Activities			(2,621)	(38,906)
Net Increase (Decrease) in Cash and Cash Equivalents			47,475	(27,475)
Cash and Cash Equivalents - Beginning			61,439	153,543	153,543
Cash and Cash Equivalents - Ending	$ 108,914	$ 126,068	108,914	126,068	$ 61,439
Supplemental Cash Flows Information
Interest paid			6,109	9,803
Income taxes paid			894	902
Impact of ASC 842 adoption:
Right-of-use asset			$ 3,279	3,279
Operating lease liability				$ (3,279)

The Company

The Company	6 Months Ended
	Mar. 31, 2021
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. The Company’s primary business is the ownership and operation of the Bank. The Bank’s principal business consists of attracting deposits from businesses and the general public and investing those deposits, together with borrowings and funds generated from operations, in commercial and multi-family real estate loans, one- to four-family residential real estate loans, construction and development loans, commercial business loans, home equity loans, lines of credit, and other consumer loans. We also invest in and maintain a portfolio of investment securities, primarily comprised of corporate debt securities, U.S. government agencies, mortgage-backed securities, and state and municipal obligations. Malvern Bank is 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’s primary market niche is providing personalized service to its client base. The Bank conducts business from its headquarters in Paoli, Pennsylvania, a suburb of Philadelphia, and through its nine other banking locations in Chester and Delaware counties, Pennsylvania, Morristown, New Jersey, its New Jersey regional headquarters, and Palm Beach, Florida. The Bank also maintains representative offices in Wellington, Florida and Allentown, Pennsylvania. 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	6 Months Ended
	Mar. 31, 2021
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 March 31, 2021 and September 30, 2020 and the results of operations for the three and six months ended March 31, 2021 and 2020, and cash flows for the six months ended March 31, 2021 and 2020. 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 2020 Annual Report filed with the Securities and Exchange Commission (“SEC”). The consolidated statements of operations for the three and six months ended March 31, 2021 and the consolidated statements of cash flows for the six months ended March 31, 2021 are not necessarily indicative of the results of operations or cash flows for the full year ending September 30, 2021 or any interim period. 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, as expanded by the Economic Aid to Hard-Hit Small Business, Nonprofits and Venues Act, enacted December 27, 2020 and the American Rescue Plan Act, enacted March 11, 2021, provides more than $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. Under Section 4013 of the CARES Act, as amended, and based upon regulatory guidance promulgated by federal banking regulators, qualifying short-term loan modifications resulting in payment deferrals that are attributable to the adverse impact of COVID-19 are not considered to be troubled debt restructurings (“TDRs”). • 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 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 COVID-19 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, certain mortgage customers experiencing financial hardship due to COVID-19 may request forbearance on a 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 the Financial Accounting Standards Board (“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. 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. • 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. Recent Accounting Pronouncements Yet to Be Adopted Reference Rate Reform. In March 2020, the FASB issued Accounting Standards Update (“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 Company 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 a new rate index replacement, but we anticipate that it 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 impact on the consolidated earnings, financial position, and cash flows of the Company upon adoption of this ASU are currently unknown.

Risks and Uncertainties

Risks and Uncertainties	6 Months Ended
	Mar. 31, 2021
Risks And Uncertainties [Abstract]
Risks and Uncertainties	Note 3 – Risks and Uncertainties 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. While significant progress is being made in the U.S. in connection with vaccine distribution efforts, and the macro-economic forecasts are generally more positive, uncertainty continues to exist regarding the speed of the economic recovery, and 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. 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. The Company participated in the initial PPP when the program was officially launched by the SBA and Treasury Department under the CARES Act. Recognizing the significance of operational risk that this portfolio of loans poses, and the continued complexity and uncertainty surrounding evolving regulatory pronouncements regarding various aspects of the PPP, management reviewed several options for continued servicing of the PPP loan portfolio through forgiveness and beyond. After thoughtful consideration, the Company concluded that it was in the best interests of both the Bank and our PPP borrowers that the loans be serviced by an organization that has the servicing infrastructure in place to support the significant volume and short timeframe involved in the complex and evolving PPP forgiveness process. In that regard, in mid-December 2020, the Bank sold substantially all of its PPP loans to a seasoned and experienced non-bank lender and servicer of SBA loans. In connection with the sale, the Company recognized a $202,000 net gain on the sale of approximately $19.7 million of PPP loans, which was recorded as non-interest income for the period ended December 31, 2020. We are currently working with the same third party in order for our customers to be able to participate in the updated PPP loan program adopted as part of the COVID-19 stimulus bill enacted in December 2020 as part of the 2021 Consolidated Appropriations Act

Non-Interest Income

Non-Interest Income	6 Months Ended
	Mar. 31, 2021
Noninterest Income [Abstract]
Non-Interest Income	Note 4 – Non-Interest Income A significant amount of the Company’s revenue 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 March 31, Six Months Ended March 31, 2021 2020 2021 2020 (In thousands) Rental income $ 54 $ 55 $ 108 $ 109 Net gains on sale and call of investments 259 180 614 180 Net gains on sale of loans 274 - 678 3 Earnings on bank-owned life insurance 161 125 325 252 Non-interest income within the scope of other GAAP topics $ 748 $ 360 $ 1,725 $ 544 ATM fees $ 3 $ 1 $ 6 $ 3 Credit card fee income 5 5 10 11 DDA fee income 20 26 42 56 DDA service fees 21 19 45 38 Debit card fees 65 61 129 127 Other loan fee income 248 429 320 506 Other fee income 55 61 110 118 Other non-interest income 2 2 4 4 Non-interest income from contracts with customers $ 419 $ 604 $ 666 $ 863 Total Non-interest Income $ 1,167 $ 964 $ 2,391 $ 1,407

Earnings Per Share

Earnings Per Share	6 Months Ended
	Mar. 31, 2021
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 six months ended March 31, 2021, there were no restricted shares issued . , respectively, which are considered CSEs. The following table sets forth the composition of the weighted average shares (denominator) used in the earnings per share computations: Three Months Ended March 31, Six Months Ended March 31, 2021 2020 2021 2020 (In thousands, except share data) Net Income $ 2,224 $ 1,908 $ 4,497 $ 2,693 Weighted average shares outstanding 7,609,953 7,758,718 7,609,953 7,761,566 Average unearned ESOP shares (80,545 ) (94,947 ) (82,365 ) (96,753 ) Basic weighted average shares outstanding 7,529,408 7,663,771 7,527,588 7,664,813 Plus: effect of potential dilutive common stock equivalents - stock options 743 - 601 - Diluted weighted average common shares outstanding 7,530,151 7,663,771 7,528,189 7,664,813 Earnings per common share: Basic $ 0.30 $ 0.25 $ 0.60 $ 0.35 Diluted $ 0.30 $ 0.25 $ 0.60 $ 0.35

Employee Stock Ownership Plan

Employee Stock Ownership Plan	6 Months Ended
	Mar. 31, 2021
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 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 in quarterly installments through 2026 principally from the Bank’s contributions to the ESOP.

Investment Securities

Investment Securities	6 Months Ended
	Mar. 31, 2021
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 March 31, 2021 and at September 30, 2020. 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 loss 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 loss 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 March 31, 2021 and September 30, 2020: March 31, 2021 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In thousands) Investment Securities Available-for-Sale: U.S. government agencies $ 5,000 $ - $ (76 ) $ 4,924 State and municipal obligations 2,675 3 - 2,678 Single issuer trust preferred security 1,000 - (124 ) 876 Corporate debt securities 18,988 172 (241 ) 18,919 Mutual funds 1,502 - - 1,502 Total $ 29,165 $ 175 $ (441 ) $ 28,899 Investment Securities Held-to-Maturity: U.S. government agencies $ 12,500 $ - $ (53 ) $ 12,447 State and municipal obligations 1,776 118 - 1,894 Corporate debt securities 3,441 268 - 3,709 Mortgage-backed securities: Collateralized mortgage obligations (“CMO”), fixed-rate 8,117 200 - 8,317 Total $ 25,834 $ 586 $ (53 ) $ 26,367 Total investment securities $ 54,999 $ 761 $ (494 ) $ 55,266 September 30, 2020 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In thousands) Investment Securities Available-for-Sale: U.S. government agencies $ 5,025 $ 15 $ - $ 5,040 State and municipal obligations 3,101 4 - 3,105 Single issuer trust preferred security 1,000 - (75 ) 925 Corporate debt securities 21,009 182 (243 ) 20,948 Mutual fund 1,523 - - 1,523 Total $ 31,658 $ 201 $ (318 ) $ 31,541 Investment Securities Held-to-Maturity: State and municipal obligations $ 1,794 $ 129 $ - $ 1,923 Corporate debt securities 3,498 260 - 3,758 Mortgage-backed securities: CMO, fixed-rate 9,678 249 - 9,927 Total $ 14,970 $ 638 $ - $ 15,608 Total investment securities $ 46,628 $ 839 $ (318 ) $ 47,149 For t he six months ended March 31, 2021, proceeds of available-for-sale investment securities sold amounted to approximately $13.1 million, and t here were gains of approximately $614,000 associated with these sales. For the six months ended March 31, 2020, proceeds of available-for-sale investment securities sold amounted to approximately $5.0 million, and there were gains of approximately $180,000 associated with these sales. 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 March 31, 2021 and September 30, 2020: March 31, 2021 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: U.S. government agencies $ 4,924 $ (76 ) $ - $ - $ 4,924 $ (76 ) Single issuer trust preferred security - - 876 (124 ) 876 (124 ) Corporate debt securities 10,296 (204 ) 1,463 (37 ) 11,759 (241 ) Total $ 15,220 $ (280 ) $ 2,339 $ (161 ) $ 17,559 $ (441 ) Investment Securities Held-to-Maturity: U.S. government agencies $ 7,447 $ (53 ) $ - $ - $ 7,447 $ (53 ) Total $ 7,447 $ (53 ) $ - $ - $ 7,447 $ (53 ) Total investment securities $ 22,667 $ (333 ) $ 2,339 $ (161 ) $ 25,006 $ (494 ) September 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 $ - $ - $ 925 $ (75 ) $ 925 $ (75 ) Corporate debt securities 4,426 (74 ) 3,330 (169 ) 7,756 (243 ) Total investment securities $ 4,426 $ (74 ) $ 4,255 $ (244 ) $ 8,681 $ (318 ) As of March 31, 2021, 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 March 31, 2021, the Company held Investment securities having a carrying value of approximately $3.8 million and $4.6 million at March 31, 2021 and September 30, 2020, respectively, were pledged to secure deposits. No investment securities were pledged to secure hedges at March 31, 2021 or September 30, 2020. The following table presents information for investment securities at March 31, 2021, based on scheduled maturities. Actual maturities can be expected to differ from scheduled maturities due to prepayment or early call options of the issuer. March 31, 2021 Amortized Cost Fair Value (In thousands) Available-for-Sale: Within 1 year $ 500 $ 500 Over 1 year through five years 6,175 6,155 After 5 years through ten years 15,990 15,895 Over 10 years 6,500 6,349 Total $ 29,165 $ 28,899 Held-to-Maturity: Over 1 year through five years $ 4,546 $ 4,888 After 5 years through ten years 8,171 8,162 Over 10 years 5,000 5,000 Mortgage-backed securities: CMO, fixed-rate 8,117 8,317 Total $ 25,834 $ 26,367 Total investment securities $ 54,999 $ 55,266

Loans Receivable and Related Al

Loans Receivable and Related Allowance for Loan Losses	6 Months Ended
	Mar. 31, 2021
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: March 31, 2021 September 30, 2020 (In thousands) Residential mortgage $ 218,165 $ 242,090 Construction and Development: Residential and commercial 76,257 65,703 Land 3,596 3,110 Total Construction and Development 79,853 68,813 Commercial: Commercial real estate 482,611 495,398 Farmland 7,344 7,517 Multi-family 67,122 67,767 Commercial and industrial 94,706 116,584 Other 9,927 10,142 Total Commercial 661,710 697,408 Consumer: Home equity lines of credit 15,936 17,128 Second mortgages 8,114 10,711 Other 2,650 2,851 Total Consumer 26,700 30,690 Total loans 986,428 1,039,001 Deferred loan fees and costs, net 769 326 Allowance for loan losses (12,601 ) (12,433 ) Total loans receivable, net $ 974,596 $ 1,026,894 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 March 31, 2021 and September 30, 2020. Activity in the ALLL is presented for the three and six months ended March 31, 2021 and 2020 and the fiscal year ended September 30, 2020: 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 March 31, 2021 Beginning balance $ 1,603 $ 508 $ 24 $ 7,973 $ 352 $ 508 $ 600 $ 50 $ 125 $ 179 $ 25 $ 1,088 $ 13,035 Charge-offs - - - (484 ) - - - - - - - - (484 ) Recoveries - - - - - - - - 1 48 1 - 50 Provisions (175 ) 24 - 888 (317 ) (2 ) (43 ) (1 ) (7 ) (113 ) (1 ) (253 ) - Ending balance $ 1,428 $ 532 $ 24 $ 8,377 $ 35 $ 506 $ 557 $ 49 $ 119 $ 114 $ 25 $ 835 $ 12,601 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 March 31, 2020 Beginning balance $ 1,282 $ 585 $ 18 $ 6,194 $ 38 $ 196 $ 464 $ 33 $ 101 $ 235 $ 23 $ 793 $ 9,962 Charge-offs - - - - - - - - (62 ) (1 ) - - (63 ) Recoveries 23 - - 1 - - 1 - - 6 1 - 32 Provisions 187 (231 ) 6 1,087 4 248 51 2 88 (28 ) (3 ) (786 ) 625 Ending balance $ 1,492 $ 354 $ 24 $ 7,282 $ 42 $ 444 $ 516 $ 35 $ 127 $ 212 $ 21 $ 7 $ 10,556 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) Six Months Ended March 31, 2021 Beginning balance $ 1,667 $ 465 $ 23 $ 8,682 $ 47 $ 511 $ 578 $ 51 $ 130 $ 196 $ 29 $ 54 $ 12,433 Charge-offs - - - (484 ) - - - - - - (1 ) - (485 ) Recoveries 1 - - 1 - - 1 - 1 98 1 - 103 Provisions (240 ) 67 1 178 (12 ) (5 ) (22 ) (2 ) (12 ) (180 ) (4 ) 781 550 Ending balance $ 1,428 $ 532 $ 24 $ 8,377 $ 35 $ 506 $ 557 $ 49 $ 119 $ 114 $ 25 $ 835 $ 12,601 Ending balance: individually evaluated for impairment $ - $ - $ - $ 1,476 $ - $ - $ - $ - $ - $ 38 $ - $ - $ 1,514 Ending balance: collectively evaluated for impairment $ 1,428 $ 532 $ 24 $ 6,901 $ 35 $ 506 $ 557 $ 49 $ 119 $ 76 $ 25 $ 835 $ 11,087 Loans receivable: Ending balance $ 218,165 $ 76,257 $ 3,596 $ 482,611 $ 7,344 $ 67,122 $ 94,706 $ 9,927 $ 15,936 $ 8,114 $ 2,650 $ 986,428 Ending balance: individually evaluated for impairment $ 3,671 $ - $ - $ 38,838 $ 2,266 $ - $ 549 $ - $ 24 $ 352 $ - $ 45,700 Ending balance: collectively evaluated for impairment $ 214,494 $ 76,257 $ 3,596 $ 443,773 $ 5,078 $ 67,122 $ 94,157 $ 9,927 $ 15,912 $ 7,762 $ 2,650 $ 940,728 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) Six Months Ended March 31, 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 23 - - 2 - - 1 - - 12 1 - 39 Provisions 105 (169 ) 4 3,665 (7 ) 75 (100 ) 14 67 (64 ) (3 ) (812 ) 2,775 Ending balance $ 1,492 $ 354 $ 24 $ 7,282 $ 42 $ 444 $ 516 $ 35 $ 127 $ 212 $ 21 $ 7 $ 10,556 Ending balance: individually evaluated for impairment $ 3 $ - $ - $ 110 $ - $ - $ - $ - $ - $ 90 $ - $ - $ 203 Ending balance: collectively evaluated for impairment $ 1,489 $ 354 $ 24 $ 7,172 $ 42 $ 444 $ 516 $ 35 $ 127 $ 122 $ 21 $ 7 $ 10,353 Loans receivable: Ending balance $ 240,633 $ 52,313 $ 3,579 $ 511,467 $ 7,537 $ 59,978 $ 96,574 $ 7,604 $ 18,441 $ 12,393 $ 2,112 $ 1,012,631 Ending balance: individually evaluated for impairment $ 3,469 $ - $ - $ 18,193 $ - $ - $ - $ - $ 29 $ 841 $ - $ 22,532 Ending balance: collectively evaluated for impairment $ 237,164 $ 52,313 $ 3,579 $ 493,274 $ 7,537 $ 59,978 $ 96,574 $ 7,604 $ 18,412 $ 11,552 $ 2,112 $ 990,099 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, 2020 Beginning balance $ 1,364 $ 523 $ 20 $ 5,903 $ 49 $ 369 $ 615 $ 21 $ 122 $ 267 $ 23 $ 819 $ 10,095 Charge-offs - - - (8,330 ) - - - - (62 ) (3 ) (1 ) - (8,396 ) Recoveries 25 - - 6 - - 2 - 1 88 2 - 124 Provisions 278 (58 ) 3 11,103 (2 ) 142 (39 ) 30 69 (156 ) 5 (765 ) 10,610 Ending balance $ 1,667 $ 465 $ 23 $ 8,682 $ 47 $ 511 $ 578 $ 51 $ 130 $ 196 $ 29 $ 54 $ 12,433 Ending balance: individually evaluated for impairment $ - $ - $ - $ 227 $ - $ - $ - $ - $ - $ 81 $ - $ - $ 308 Ending balance: collectively evaluated for impairment $ 1,667 $ 465 $ 23 $ 8,455 $ 47 $ 511 $ 578 $ 51 $ 130 $ 115 $ 29 $ 54 $ 12,125 Loans receivable: Ending balance $ 242,090 $ 65,703 $ 3,110 $ 495,398 $ 7,517 $ 67,767 $ 116,584 $ 10,142 $ 17,128 $ 10,711 $ 2,851 $ 1,039,001 Ending balance: individually evaluated for impairment $ 3,388 $ - $ - $ 25,926 $ - $ - $ - $ - $ 26 $ 882 $ - $ 30,222 Ending balance: collectively evaluated for impairment $ 238,702 $ 65,703 $ 3,110 $ 469,472 $ 7,517 $ 67,767 $ 116,584 $ 10,142 $ 17,102 $ 9,829 $ 2,851 $ 1,008,779 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. Any 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 decrease in impaired loans with no specific allowance from $29.4 million at September 30, 2020 to $25.9 million at March 31, 2021, is primarily due to the removal of one commercial real estate loan of approximately $6.5 million, offset by the additions of one commercial farmland loan of approximately $2.3 million and one commercial real estate loan of approximately $539,000. 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) March 31, 2021 Residential mortgage $ - $ - $ 3,671 $ 3,671 $ 3,945 Commercial: Commercial real estate 19,713 1,476 19,125 38,838 44,804 Farmland - - 2,266 2,266 2,266 Commercial and industrial - - 549 549 549 Consumer: Home equity lines of credit - - 24 24 28 Second mortgages 105 38 247 352 405 Total impaired loans $ 19,818 $ 1,514 $ 25,882 $ 45,700 $ 51,997 September 30, 2020 Residential mortgage $ - $ - $ 3,388 $ 3,388 $ 3,598 Commercial: Commercial real estate 676 227 25,250 25,926 36,945 Consumer: Home equity lines of credit - - 26 26 30 Second mortgages 101 81 781 882 949 Total impaired loans $ 777 $ 308 $ 29,445 $ 30,222 $ 41,522 The following table presents the average recorded investment in impaired loans in portfolio and related interest income recognized for the three and six months ended March 31, 2021 and 2020: Three Months Ended March 31, 2021 Six Months Ended March 31, 2021 Average Impaired Loans Interest Income Recognized on Impaired Loans Average Impaired Loans Interest Income Recognized on Impaired Loans (In thousands) Residential mortgage $ 3,383 $ 19 $ 3,434 $ 34 Commercial: Commercial real estate 34,226 145 29,930 250 Farmland 2,278 19 1,516 19 Commercial and industrial 549 5 365 7 Consumer: Home equity lines of credit 56 - 65 - Second mortgages 658 2 679 3 Total $ 41,150 $ 190 $ 35,989 $ 313 Three Months Ended March 31, 2020 Six Months Ended March 31, 2020 Average Impaired Loans Interest Income Recognized on Impaired Loans Average Impaired Loans Interest Income Recognized on Impaired Loans (In thousands) Residential mortgage $ 3,481 $ 25 $ 3,507 $ 47 Commercial: Commercial real estate 11,222 5 10,153 20 Consumer: Home equity lines of credit 29 - 29 - Second mortgages 879 3 862 12 Total $ 15,611 $ 33 $ 14,551 $ 79 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 March 31, 2021 and September 30, 2020: Pass Special Mention Substandard Doubtful Total (In thousands) March 31, 2021: Residential mortgage $ 214,982 $ - $ 3,183 $ - $ 218,165 Construction and Development: Residential and commercial 76,257 - - - 76,257 Land 3,596 - - - 3,596 Commercial: Commercial real estate 395,045 48,758 38,808 - 482,611 Farmland 4,676 402 2,266 - 7,344 Multi-family 57,742 9,380 - - 67,122 Commercial and industrial 87,888 - 6,818 - 94,706 Other 9,927 - - - 9,927 Consumer: Home equity lines of credit 15,829 - 107 - 15,936 Second mortgages 6,942 72 1,100 - 8,114 Other 2,650 - - - 2,650 Total $ 875,534 $ 58,612 $ 52,282 $ - $ 986,428 Pass Special Mention Substandard Doubtful Total (In thousands) September 30, 2020: Residential mortgage $ 238,610 $ - $ 3,480 $ - $ 242,090 Construction and Development: Residential and commercial 65,703 - - - 65,703 Land 3,110 - - - 3,110 Commercial: Commercial real estate 422,143 46,892 26,363 - 495,398 Farmland 7,517 - - - 7,517 Multi-family 58,285 9,482 - - 67,767 Commercial and industrial 110,099 6,368 117 - 116,584 Other 10,142 - - - 10,142 Consumer: Home equity lines of credit 16,969 - 159 - 17,128 Second mortgages 9,573 76 1,062 - 10,711 Other 2,851 - - - 2,851 Total $ 945,002 $ 62,818 $ 31,181 $ - $ 1,039,001 The following table presents loans that are no longer accruing interest as of March 31, 2021 and September 30, 2020, by portfolio class: March 31, 2021 September 30, 2020 (In thousands) Non-accrual loans: Residential mortgage $ 1,608 $ 2,036 Commercial: Commercial real estate 20,350 14,414 Consumer: Home equity lines of credit 24 26 Second mortgages 299 254 Total non-accrual loans $ 22,281 $ 16,730 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 $407,000 and $545,000 for the three and six months ended March 31, 2021, respectively, and approximately $3,000 and $4,000 for the three and six months ended March 31, 2020, respectively. At March 31, 2021 and September 30, 2020, there were approximately $765,000 and 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 following aging categories as of March 31, 2021 and September 30, 2020: 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) March 31, 2021: Residential mortgage $ 216,530 $ 713 $ - $ 922 $ 1,635 $ 218,165 $ 199 Construction and Development: Residential and commercial 76,257 - - - - 76,257 - Land 3,596 - - - - 3,596 - Commercial: Commercial real estate 474,438 212 - 7,961 8,173 482,611 510 Farmland 7,344 - - - - 7,344 - Multi-family 67,122 - - - - 67,122 - Commercial and industrial 91,752 2,954 - - 2,954 94,706 - Other 9,927 - - - - 9,927 - Consumer: Home equity lines of credit 15,936 - - - - 15,936 - Second mortgages 7,913 13 - 188 201 8,114 56 Other 2,650 - - - - 2,650 - Total $ 973,465 $ 3,892 $ - $ 9,071 $ 12,963 $ 986,428 $ 765 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, 2020: Residential mortgage $ 239,623 $ 68 $ 694 $ 1,705 $ 2,467 $ 242,090 $ - Construction and Development: Residential and commercial 65,703 - - - - 65,703 - Land 3,110 - - - - 3,110 - Commercial: Commercial real estate 495,087 - - 311 311 495,398 - Farmland 7,517 - - - - 7,517 - Multi-family 67,767 - - - - 67,767 - Commercial and industrial 116,584 - - - - 116,584 - Other 10,142 - - - - 10,142 - Consumer: Home equity lines of credit 17,080 - - 48 48 17,128 48 Second mortgages 10,325 157 33 196 386 10,711 10 Other 2,850 - 1 - 1 2,851 - Total $ 1,035,788 $ 225 $ 728 $ 2,260 $ 3,213 $ 1,039,001 $ 58 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 restructuring. The Company had 28 and 26 loans classified as TDRs at March 31, 2021 and September 30, 2020, respectively, with an aggregate outstanding balance of $24.2 million and $21.7 million, respectively. At March 31, 2021, these loans were also classified as impaired. 21 of the TDR loans continue to perform under the restructured terms through March 31, 2021 and the Company 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 modified interest rates from the original agreements, which allow 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. 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) March 31, 2021: Residential mortgage 17 $ 3,313 7 $ 1,530 Commercial: Commercial real estate 5 17,948 - - Farmland 1 2,266 - - Commercial and industrial 1 549 - - Consumer: Second mortgages 4 151 - - Total 28 $ 24,227 7 $ 1,530 September 30, 2020: Residential mortgage 17 $ 3,435 7 $ 1,617 Commercial: Commercial real estate 5 18,091 1 6,652 Consumer: Second mortgages 4 161 - - Total 26 $ 21,687 8 $ 8,269 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: March 31, 2021 September 30, 2020 Performing Non-Performing Performing Non-Performing (In thousands) Residential mortgage $ 1,783 $ 1,530 $ 1,818 $ 1,617 Commercial: Commercial real estate 17,948 - 11,439 6,652 Farmland 2,266 - - - Commercial and industrial 549 - - - Consumer: Second mortgages 151 - 161 - Total $ 22,697 $ 1,530 $ 13,418 $ 8,269 There were no new TDRs for the three months ended March 31, 2021 and 2020. The following table shows the new TDRs for the six months ended March 31, 2021 and 2020: For the Six Months Ended March 31, 2021 2020 Number of Contracts Pre- Modifications Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment Number of Contracts Pre- Modifications Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment (In thousands) Troubled Debt Restructurings: Residential mortgage - $ - $ - 1 $ 207 $ 207 Commercial: Commercial real estate - $ - $ - 1 $ 295 $ 293 Farmland 1 $ 2,287 $ 2,287 - $ - $ - Commercial and industrial 1 $ 549 $ 549 - $ - $ - Total troubled debt restructurings 2 $ 2,836 $ 2,836 2 $ 502 $ 500 Under Section 4013 of the CARES Act, and separately based upon regulatory guidance promulgated by federal banking regulators (collectively, “Interagency Statement”), qualifying short-term loan modifications resulting in payment deferrals that are attributable to the adverse impact of COVID-19 are not considered to be TDRs. As such, the applicable loans are reported as current with regard to payment status and continue to accrue interest during the payment deferral period. The following tables set forth the composition of these loans by loan segments as of March 31, 2021 and September 30, 2020: March 31, 2021 Number of Loans Loan Deferment Exposure Gross Loans March 31, 2021 Percentage of Gross Loans on Deferral (Dollars in thousands) Residential mortgage 1 $ 240 $ 218,165 0.02 % Construction and Development: Residential and commercial - - 76,257 0.00 % Land loans - - 3,596 0.00 % Total Construction and Development - - 79,853 0.00 % Commercial: Commercial real estate 7 61,858 482,611 6.28 % Farmland - - 7,344 0.00 % Multi-family - - 67,122 0.00 % Commercial and industrial 2 212 94,706 0.02 % Other - - 9,927 0.00 % Total Commercial 9 62,070 661,710 6.30 % Consumer: Home equity lines of credit - - 15,936 0.00 % Second mortgages 2 88 8,114 0.01 % Other - - 2,650 0.00 % Total Consumer 2 88 26,700 0.01 % Total loans 12 $ 62,398 $ 986,428 6.33 % September 30, 2020 Number of Loans Loan Deferment Exposure Gross Loans September 30, 2020 Percentage of Gross Loans on Deferral (Dollars in thousands) Residential mortgage 5 $ 1,288 $ 242,090 0.12 % Construction and Development: Residential and commercial - - 65,703 0.00 % Land loans - - 3,110 0.00 % Total Construction and Development - - 68,813 0.00 % Commercial: Commercial real estate 21 131,348 495,398 12.64 % Farmland 1 2,288 7,517 0.22 % Multi-family 2 3,718 67,767 0.36 % Commercial and industrial 10 5,547 116,584 0.53 % Other - - 10,142 0.00 % Total Commercial 34 142,901 697,408 13.75 % Consumer: Home equity lines of credit 3 579 17,128 0.06 % Second mortgages 1 17 10,711 0.00 % Other - - 2,851 0.00 % Total Consumer 4 596 30,690 0.06 % Total loans 43 $ 144,785 $ 1,039,001 13.94 %

Regulatory Matters

Regulatory Matters	6 Months Ended
	Mar. 31, 2021
Regulatory Matters Disclosure [Abstract]
Regulatory Matters	Note 9 - Regulatory Matters 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 the 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 in the regulations) and of risk-based capital (as defined in the regulations) to risk-weighted assets (as defined in the regulations). As of March 31, 2021 and as of September 30, 2020, the Company’s and the Bank’s current capital levels exceeded the required capital amounts to be considered “well capitalized” and they also met 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 March 31, 2021 and September 30, 2020: 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 March 31, 2021 Tier 1 Leverage (Core) Capital (to adjusted assets) $ 146,396 11.96 % $ 48,955 4.00 % N/A N/A Common Equity Tier 1 Capital (to risk weighted assets) 146,396 14.69 % 44,845 4.50 % N/A N/A Tier 1 Capital (to risk weighted assets) 146,396 14.69 % 59,793 6.00 % N/A N/A Total Risk Based Capital (to risk weighted assets) 183,711 18.43 % 79,724 8.00 % N/A N/A As of September 30, 2020 Tier 1 Leverage (Core) Capital (to adjusted assets) $ 141,681 11.63 % $ 48,473 4.00 % N/A N/A Common Equity Tier 1 Capital (to risk weighted assets) 141,681 14.00 % 45,528 4.50 % N/A N/A Tier 1 Capital (to risk weighted assets) 141,681 14.00 % 60,704 6.00 % N/A N/A Total Risk Based Capital (to risk weighted assets) 178,972 17.69 % 80,939 8.00 % N/A N/A The following table summarizes the Bank’s compliance with applicable regulatory capital requirements as of March 31, 2021 and September 30, 2020: 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 March 31, 2021 Tier 1 Leverage (Core) Capital (to adjusted assets) $ 161,106 13.18 % $ 48,896 4.00 % $ 61,120 5.00 % Common Equity Tier 1 Capital (to risk weighted assets) 161,106 16.20 % 44,762 4.50 % 64,657 6.50 % Tier 1 Capital (to risk weighted assets) 161,106 16.20 % 59,683 6.00 % 79,577 8.00 % Total Risk Based Capital (to risk weighted assets) 173,543 17.45 % 79,577 8.00 % 99,472 10.00 % As of September 30, 2020 Tier 1 Leverage (Core) Capital (to adjusted assets) $ 155,575 12.78 % $ 48,685 4.00 % $ 60,856 5.00 % Common Equity Tier 1 Capital (to risk weighted assets) 155,575 15.40 % 45,459 4.50 % 65,663 6.50 % Tier 1 Capital (to risk weighted assets) 155,575 15.40 % 60,612 6.00 % 80,816 8.00 % Total Risk Based Capital (to risk weighted assets) 168,090 16.64 % 80,816 8.00 % 101,020 10.00 %

Derivatives and Hedging Activit

Derivatives and Hedging Activities	6 Months Ended
	Mar. 31, 2021
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 March 31, 2021, such derivatives were used to hedge the variable cash flows associated with advances from the Federal Home Loan Bank of Pittsburgh, which is one of 12 regional Federal Home Loan Banks (“FHLB”). 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 $564,000 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 March 31, 2021 and September 30, 2020: ` March 31, 2021 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 $ 70,000 $ 451 Other liabilities Derivatives not designated as a hedging instrument: Interest rate swap agreement $ 44,958 $ 3,914 Other assets $ 44,958 $ 3,916 Other liabilities September 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 $ 1,291 Other liabilities Derivatives not designated as a hedging instrument: Interest rate swap agreement $ 45,162 $ 8,752 Other assets $ 45,162 $ 8,756 Other liabilities The tables below present the derivative assets and liabilities offsetting as of March 31, 2021 and September 30, 2020: Offsetting of Derivative Assets (In thousands) as of March 31, 2021 Gross Amounts Not Offset in the Statements of Financial Condition Gross Amounts of Recognized Assets Gross Amounts Offset in the Statement of Financial Condition Net Amounts of Assets presented in the Statement of Financial Condition Financial Instruments Cash Collateral Received Net Amount Derivatives $ 3,914 $ - $ 3,914 $ - $ - $ 3,914 Offsetting of Derivative Liabilities (In thousands) as of March 31, 2021 Gross Amounts Not Offset in the Statements of Financial Condition Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Statement of Financial Condition Net Amounts of Liabilities presented in the Statement of Financial Condition Financial Instruments Cash Collateral Posted Net Amount Derivatives $ 4,367 $ - $ 4,367 $ 623 $ 7,857 $ (4,113 ) Offsetting of Derivative Assets (In thousands) as of September 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 $ 8,752 $ - $ 8,752 $ - $ - $ 8,752 Offsetting of Derivative Liabilities (In thousands) as of September 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 $ 10,047 $ - $ 10,047 $ 1,498 $ 12,857 $ (4,308 ) 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 six months ended March 31, 2021 and 2020: Three Months Ended March 31, 2021 Amount of Gain Recognized in OCI on Derivative Amount of Loss Reclassified from OCI to Interest Expense (In thousands) Interest rate swap agreements $ 322 $ (243 ) Total derivatives 322 (243 ) Six Months Ended March 31, 2021 Amount of Gain Recognized in OCI on Derivative Amount of Loss Reclassified from OCI to Interest Expense (In thousands) Interest rate swap agreements $ 314 $ (523 ) Total derivatives 314 (523 ) Three Months Ended March 31, 2020 Amount of Loss Recognized in OCI on Derivative Amount of Loss Reclassified from OCI to Interest Expense (In thousands) Interest rate swap agreements $ (730 ) $ (47 ) Total derivatives (730 ) (47 ) Six Months Ended March 31, 2020 Amount of Loss Recognized in OCI on Derivative Amount of Loss Reclassified from OCI to Interest Expense (In thousands) Interest rate swap agreements $ (653 ) $ (61 ) Total derivatives (653 ) (61 ) The tables below present the effect of the Company’s derivative financial instruments on the Consolidated Statements of Operations for the three and six months ended March 31, 2021 and 2020: Three Months Ended March 31, 2021 Consolidated Statements of Operations Amount of Gain Recognized in Income on derivatives (In thousands) Derivatives not designated as a hedging instrument: Interest rate swap agreement Other income $ 2 Total $ 2 Six Months Ended March 31, 2021 Consolidated Statements of Operations Amount of Gain Recognized in Income on derivatives (In thousands) Derivatives not designated as a hedging instrument: Interest rate swap agreement Other income $ 3 Total $ 3 Three Months Ended March 31, 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 $ (3 ) Total $ (3 ) Six Months Ended March 31, 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 ) 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 March 31, 2021 and September 30, 2020, 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 March 31, 2021 and September 30, 2020. $7.9 million

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Mar. 31, 2021
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 March 31, 2021 or September 30, 2020. The tables below present the balances of assets measured at fair value on a recurring basis as of March 31, 2021 and September 30, 2020: March 31, 2021 Total Level 1 Level 2 Level 3 (In thousands) Assets: Investment securities available for sale: Debt securities: U.S. government agencies $ 4,924 $ - $ 4,924 $ - State and municipal obligations 2,678 - 2,678 - Single issuer trust preferred security 876 - 876 - Corporate debt securities 18,919 - 18,919 - Mutual funds 1,502 1,002 - 500 Total investment securities available for sale $ 28,899 $ 1,002 $ 27,397 $ 500 Derivative instruments $ 3,914 $ - $ 3,914 $ - Liabilities: Derivative instruments $ 4,367 $ - $ 4,367 $ - September 30, 2020 Total Level 1 Level 2 Level 3 (In thousands) Assets: Investment securities available for sale: Debt securities: U.S. government agencies $ 5,040 $ - $ 5,040 $ - State and municipal obligations 3,105 - 3,105 - Single issuer trust preferred security 925 - 925 - Corporate debt securities 20,948 - 20,948 - Mutual fund 1,523 1,023 - 500 Total investment securities available for sale $ 31,541 $ 1,023 $ 30,018 $ 500 Derivative instruments $ 8,752 $ - $ 8,752 $ - Liabilities: Derivative instruments $ 10,047 $ - $ 10,047 $ - 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 six months ended March 31, 2021 and March 31, 2020: Fair value measurements using significant unobservable inputs (Level 3) (In thousands) Balance, October 1, 2020 $ 500 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, March 31, 2021 $ 500 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, March 31, 2020 $ 500 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 March 31, 2021 and September 30, 2020: March 31, 2021 Total Level 1 Level 2 Level 3 (In thousands) Other real estate owned $ 5,796 $ - $ - $ 5,796 Impaired loans (1) 25,756 - - 25,756 Total $ 31,552 $ - $ - $ 31,552 March 31, 2021 Fair Value at March 31, 2021 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) 25,756 Appraisal of Collateral(2) Collateral discount(3) 0%/(0%) Total $ 31,552 (1) Consisted of six loans with an aggregate balance of $27.3 million and with $1.5 million in specific loan loss allowance. (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, 2020 Total Level 1 Level 2 Level 3 (In thousands) Other real estate owned $ 5,796 $ - $ - $ 5,796 Impaired loans (1) 7,920 - - 7,920 Total $ 13,716 $ - $ - $ 13,716 September 30, 2020 Fair Value at September 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) 7,920 Appraisal of Collateral(2) Collateral discount(3) (2.0%) - 20.0%/(1.4%) Total $ 13,716 (1) Consisted of seven loans with an aggregate balance of $8.2 million and with $308,000 in specific loan loss allowance. (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 March 31, 2021 and September 30, 2020, the Company did not have any additions to our mortgage servicing assets. At March 31, 2021 and September 30, 2020, 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 March 31, 2021 and September 30, 2020. 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 March 31, 2021 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 L evel 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 March 31, 2021 and September 30, 2020 are presented below: March 31, 2021 Carrying Amount Fair Value Level 1 Level 2 Level 3 (In thousands) Financial assets: Cash and cash equivalents $ 108,914 $ 108,914 $ 108,914 $ - $ - Investment securities available-for-sale 28,899 28,899 1,002 27,397 500 Investment securities held-to-maturity 25,834 26,367 - 26,367 - Loans receivable, net (including impaired loans) 974,596 974,707 - - 974,707 Accrued interest receivable 3,598 3,598 - 3,598 - Restricted stock 8,891 8,891 - 8,891 - Mortgage servicing rights (included in Other Assets) 96 96 - 96 - Derivatives (included in Other Assets) 3,914 3,914 - 3,914 - Financial liabilities: Savings accounts 49,601 49,601 - 49,601 - Checking and NOW accounts 368,075 368,075 - 368,075 - Money market accounts 338,100 338,100 - 338,100 - Certificates of deposit 156,437 158,572 - 158,572 - Borrowings (excluding sub debt) 110,000 110,568 - 110,568 - Subordinated debt 24,855 25,029 - 25,029 - Derivatives (included in Other Liabilities) 4,367 8,509 - 8,509 - Accrued interest payable 648 1,078 - 1,078 - September 30, 2020 Carrying Amount Fair Value Level 1 Level 2 Level 3 (In thousands) Financial assets: Cash and cash equivalents $ 61,439 $ 61,439 $ 61,439 $ - $ - Investment securities available-for-sale 31,541 31,541 1,023 30,018 500 Investment securities held-to-maturity 14,970 15,608 - 15,608 - Loans receivable, net (including impaired loans) 1,031,392 1,039,981 - - 1,039,981 Accrued interest receivable 3,677 3,677 - 3,677 - Restricted stock 9,622 9,622 - 9,622 - Mortgage servicing rights (included in Other Assets) 111 111 - 111 - Derivatives (included in Other Assets) 8,752 8,752 - 8,752 - Financial liabilities: Savings accounts 45,072 45,072 - 45,072 - Checking and NOW accounts 354,104 354,104 - 354,104 - Money market accounts 277,711 277,711 - 277,711 - Certificates of deposit 214,019 217,212 - 217,212 - Borrowings (excluding sub debt) 134,225 135,101 - 135,101 - Subordinated debt 24,776 25,030 - 25,030 - Derivatives (included in Other Liabilities) 10,047 10,047 - 10,047 - Accrued interest payable 728 728 - 728 -

Comprehensive Income (Loss)

Comprehensive Income (Loss)	6 Months Ended
	Mar. 31, 2021
Equity [Abstract]
Comprehensive Income (Loss)	Note 12 – Comprehensive Income (Loss) The components of accumulated other comprehensive loss included in shareholders’ equity are as follows: March 31, 2021 September 30, 2020 (In thousands) Net unrealized holding losses on available-for-sale securities $ (265 ) $ (118 ) Tax effect 56 25 Net of tax amount (209 ) (93 ) Fair value adjustments on derivatives (424 ) (1,260 ) Tax effect 89 265 Net of tax amount (335 ) (995 ) Total accumulated other comprehensive loss $ (544 ) $ (1,088 ) Other comprehensive income (loss) and related tax effects are presented in the following table: Three Months Ended March 31, Six Months Ended March 31, 2021 2020 2021 2020 (In thousands) Net unrealized holding gains on available-for-sale securities $ 7 $ 62 $ 464 $ 133 Net realized gain on securities available-for-sale (259 ) (180 ) (614 ) (180 ) Amortization of unrealized holding losses on securities transferred from available-for-sale to held-to-maturity 1 1 2 2 Adjustment for loss recorded on replacement of derivative (2 ) - (4 ) - Fair value adjustments on derivatives 567 (682 ) 840 (591 ) Other comprehensive income (loss) before taxes 314 (799 ) 688 (636 ) Tax effect (65 ) 168 (144 ) 134 Total other comprehensive income (loss) $ 249 $ (631 ) $ 544 $ (502 )

Equity Based Incentive Compensa

Equity Based Incentive Compensation Plan	6 Months Ended
	Mar. 31, 2021
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 March 31, 2021, there were 318,651 remaining shares available for future grants. Restricted stock and option awards granted vest annually 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 the Company 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 have such rights. 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 and six months ended March 31, 2021. Total compensation expense related to stock options granted under the 2014 Plan was approximately $8,000 and $16,000 for the three and six months ended March 31, 2021, respectively. During the three and six months ended March 31, 2020, stock options to acquire 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 $6,000 and $12,000 for the three and six months ended March 31, 2020, respectively. The Company did not award restricted shares during the three and six months ended March 31, 2021. The compensation expense related to restricted stock awards was approximately $42,000 and $86,000 during the three and six months ended March 31, 2021, respectively. During the three and six months ended March 31, 2020, a total of 16,357 and 18,121 restricted shares were awarded, respectively. During the three and six months ended March 31, 2020, 1,610 shares were forfeited. 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 There were no stock options granted for the six months ended March 31, 2021. The assumptions used in determining the fair value of stock option grants for the six months ended March 31, 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 following is a summary of stock option activity for the six months ended March 31, 2021: Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term (In Years) Aggregate Intrinsic Value Outstanding, beginning of year 25,830 $ 21.57 $ - Granted - $ - $ - Exercised - $ - $ - Forfeited/cancelled/expired - $ - $ - Outstanding, at March 31, 2021 25,830 $ 21.57 6.694 $ - Exercisable, at March 31, 2021 13,310 $ 21.53 7.988 $ - Nonvested, at March 31, 2021 12,520 $ 21.61 As of March 31, 2021, there was approximately $69,000 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 2.82 years. Restricted Stock Awards The table below summarizes the activity for the Company’s restricted stock outstanding during the six months ended March 31, 2021: Shares Weighted Average Fair Value Outstanding, beginning of year 30,653 $ 21.98 Granted - $ - Vested (7,978 ) $ 21.92 Forfeited/cancelled/expired - $ - Outstanding, at March 31, 2021 22,675 $ 22.00 As of March 31, 2021, there was approximately $457,000 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 3.18 years.

Deposits

Deposits	6 Months Ended
	Mar. 31, 2021
Deposits [Abstract]
Deposits	Note 14 – Deposits Deposits classified by type with percentages to total deposits at March 31, 2021 and September 30, 2020 consisted of the following: March 31, September 30, 2021 2020 (Dollars in thousands) Balances by types of deposit: Savings $ 49,601 5.44 % $ 45,072 5.06 % Money market accounts 338,100 37.06 277,711 31.17 Interest-bearing demand 313,865 34.41 303,682 34.09 Non-interest-bearing demand 54,210 5.94 50,422 5.66 755,776 82.85 % 676,887 75.98 % Certificates of deposit 156,437 17.15 % 214,019 24.02 % Total Deposits $ 912,213 100.00 % $ 890,906 100.00 % The total amount of certificates of deposit greater than or equal to $250,000 at March 31, 2021 and September 30, 2020 was $38.0 million and $48.4 million, respectively. The Company had brokered deposits totaling $6.1 million and $31.1 million at March 31, 2021 and September 30, 2020, respectively. Interest expense on deposits consisted of the following: Three Months Ended March 31, Six Months Ended March 31, 2021 2020 2021 2020 (In thousands) Savings accounts $ 16 $ 12 $ 34 $ 23 Money market accounts 676 1,121 1,467 2,219 Interest-bearing demand 478 1,078 1,026 2,259 Certificates of deposit 635 1,412 1,535 2,859 Total $ 1,805 $ 3,623 $ 4,062 $ 7,360 As of March 31, 2021, the scheduled maturities of certificates of deposits are as follows: Scheduled Maturities (In thousands) Period Ending March 31, 2021 $ 101,544 2022 21,165 2023 18,016 2024 7,858 2025 6,995 Thereafter 859 Total $ 156,437 As of March 31, 2021, the scheduled maturities of certificates of deposits in amounts greater than $100,000 are as follows: Scheduled Maturities (In thousands) Three months or less $ 45,216 Over three through six months 7,780 Over six through twelve months 15,262 Over twelve months 28,232 Total $ 96,490

Leases

Leases	6 Months Ended
	Mar. 31, 2021
Leases [Abstract]
Leases	Note 15 – Leases The Company determines if an arrangement is a lease at inception. The Company adopted the guidance of ASC 842 Leases and recorded ROU assets and related lease liabilities of $3.3 million at October 1, 2019. Operating leases are included in operating lease ROU assets and operating lease liabilities on our consolidated statements of financial condition. 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. The Company currently leases one financial center in Glen Mills, Pennsylvania; one private banking office located in Villanova, Pennsylvania; one private banking office located in Morristown, New Jersey; one private banking office located in Palm Beach, Florida; one representative office located in Wellington, Florida; and one representative office located in Allentown, Pennsylvania. The Company has elected not to recognize ROU assets and lease liabilities for two private banking office leases and two representative office leases whose terms are twelve months or less and are considered short-term leases. All of the financial center leases and two private banking office leases include options to extend for terms of five years. These options have not been recognized as part of our ROU assets and lease liabilities as the Company is not reasonably certain to exercise these options. The Company has also entered into three leases for office equipment for which ROU assets and lease liabilities have been recognized. All the aforementioned leases have been accounted for as operating leases. The components of lease expense were as follows: Three Months Ended March 31, Six Months Ended March 31, 2021 2020 2021 2020 (In thousands) (In thousands) Operating lease cost $ 169 $ 173 $ 340 $ 348 Finance lease cost - - - - Short-term lease cost 25 28 47 53 Total $ 194 $ 201 $ 387 $ 401 Supplemental information at and for March 31, 2021 and the six months ended March 31, 2021 related to leases was as follows: March 31, 2021 (Dollars in thousands) Supplemental balance sheet information Operating lease right-of-use assets $ 2,322 Operating lease liabilities $ 2,357 Weighted average remaining lease term 5.04 years Weighted average discount rate 2.00 % Six Months Ended March 31, 2021 (In thousands) Supplemental cash flow information Operating cash flows from operating leases $ 326 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 2021 $ 275 2022 492 2023 474 2024 474 2025 477 Thereafter 269 Total lease payments $ 2,461 Less: imputed interest (104 ) Total $ 2,357

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Mar. 31, 2021
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 March 31, 2021 and September 30, 2020 and the results of operations for the three and six months ended March 31, 2021 and 2020, and cash flows for the six months ended March 31, 2021 and 2020. 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 2020 Annual Report filed with the Securities and Exchange Commission (“SEC”). The consolidated statements of operations for the three and six months ended March 31, 2021 and the consolidated statements of cash flows for the six months ended March 31, 2021 are not necessarily indicative of the results of operations or cash flows for the full year ending September 30, 2021 or any interim period.
Operating, Accounting and Reporting Considerations related to COVID-19	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, as expanded by the Economic Aid to Hard-Hit Small Business, Nonprofits and Venues Act, enacted December 27, 2020 and the American Rescue Plan Act, enacted March 11, 2021, provides more than $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. Under Section 4013 of the CARES Act, as amended, and based upon regulatory guidance promulgated by federal banking regulators, qualifying short-term loan modifications resulting in payment deferrals that are attributable to the adverse impact of COVID-19 are not considered to be troubled debt restructurings (“TDRs”). • 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 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 COVID-19 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, certain mortgage customers experiencing financial hardship due to COVID-19 may request forbearance on a 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 the Financial Accounting Standards Board (“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. 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. • 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.
Recent Accounting Pronouncements Yet to Be Adopted	Recent Accounting Pronouncements Yet to Be Adopted Reference Rate Reform. In March 2020, the FASB issued Accounting Standards Update (“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 Company 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 a new rate index replacement, but we anticipate that it 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 impact 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)	6 Months Ended
	Mar. 31, 2021
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 March 31, Six Months Ended March 31, 2021 2020 2021 2020 (In thousands) Rental income $ 54 $ 55 $ 108 $ 109 Net gains on sale and call of investments 259 180 614 180 Net gains on sale of loans 274 - 678 3 Earnings on bank-owned life insurance 161 125 325 252 Non-interest income within the scope of other GAAP topics $ 748 $ 360 $ 1,725 $ 544 ATM fees $ 3 $ 1 $ 6 $ 3 Credit card fee income 5 5 10 11 DDA fee income 20 26 42 56 DDA service fees 21 19 45 38 Debit card fees 65 61 129 127 Other loan fee income 248 429 320 506 Other fee income 55 61 110 118 Other non-interest income 2 2 4 4 Non-interest income from contracts with customers $ 419 $ 604 $ 666 $ 863 Total Non-interest Income $ 1,167 $ 964 $ 2,391 $ 1,407

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Mar. 31, 2021
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 March 31, Six Months Ended March 31, 2021 2020 2021 2020 (In thousands, except share data) Net Income $ 2,224 $ 1,908 $ 4,497 $ 2,693 Weighted average shares outstanding 7,609,953 7,758,718 7,609,953 7,761,566 Average unearned ESOP shares (80,545 ) (94,947 ) (82,365 ) (96,753 ) Basic weighted average shares outstanding 7,529,408 7,663,771 7,527,588 7,664,813 Plus: effect of potential dilutive common stock equivalents - stock options 743 - 601 - Diluted weighted average common shares outstanding 7,530,151 7,663,771 7,528,189 7,664,813 Earnings per common share: Basic $ 0.30 $ 0.25 $ 0.60 $ 0.35 Diluted $ 0.30 $ 0.25 $ 0.60 $ 0.35

Investment Securities (Tables)

Investment Securities (Tables)	6 Months Ended
	Mar. 31, 2021
Investments Debt And Equity Securities [Abstract]
Schedule of Investment securities	The following tables present information related to the Company’s investment securities at March 31, 2021 and September 30, 2020: March 31, 2021 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In thousands) Investment Securities Available-for-Sale: U.S. government agencies $ 5,000 $ - $ (76 ) $ 4,924 State and municipal obligations 2,675 3 - 2,678 Single issuer trust preferred security 1,000 - (124 ) 876 Corporate debt securities 18,988 172 (241 ) 18,919 Mutual funds 1,502 - - 1,502 Total $ 29,165 $ 175 $ (441 ) $ 28,899 Investment Securities Held-to-Maturity: U.S. government agencies $ 12,500 $ - $ (53 ) $ 12,447 State and municipal obligations 1,776 118 - 1,894 Corporate debt securities 3,441 268 - 3,709 Mortgage-backed securities: Collateralized mortgage obligations (“CMO”), fixed-rate 8,117 200 - 8,317 Total $ 25,834 $ 586 $ (53 ) $ 26,367 Total investment securities $ 54,999 $ 761 $ (494 ) $ 55,266 September 30, 2020 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In thousands) Investment Securities Available-for-Sale: U.S. government agencies $ 5,025 $ 15 $ - $ 5,040 State and municipal obligations 3,101 4 - 3,105 Single issuer trust preferred security 1,000 - (75 ) 925 Corporate debt securities 21,009 182 (243 ) 20,948 Mutual fund 1,523 - - 1,523 Total $ 31,658 $ 201 $ (318 ) $ 31,541 Investment Securities Held-to-Maturity: State and municipal obligations $ 1,794 $ 129 $ - $ 1,923 Corporate debt securities 3,498 260 - 3,758 Mortgage-backed securities: CMO, fixed-rate 9,678 249 - 9,927 Total $ 14,970 $ 638 $ - $ 15,608 Total investment securities $ 46,628 $ 839 $ (318 ) $ 47,149
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 March 31, 2021 and September 30, 2020: March 31, 2021 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: U.S. government agencies $ 4,924 $ (76 ) $ - $ - $ 4,924 $ (76 ) Single issuer trust preferred security - - 876 (124 ) 876 (124 ) Corporate debt securities 10,296 (204 ) 1,463 (37 ) 11,759 (241 ) Total $ 15,220 $ (280 ) $ 2,339 $ (161 ) $ 17,559 $ (441 ) Investment Securities Held-to-Maturity: U.S. government agencies $ 7,447 $ (53 ) $ - $ - $ 7,447 $ (53 ) Total $ 7,447 $ (53 ) $ - $ - $ 7,447 $ (53 ) Total investment securities $ 22,667 $ (333 ) $ 2,339 $ (161 ) $ 25,006 $ (494 ) September 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 $ - $ - $ 925 $ (75 ) $ 925 $ (75 ) Corporate debt securities 4,426 (74 ) 3,330 (169 ) 7,756 (243 ) Total investment securities $ 4,426 $ (74 ) $ 4,255 $ (244 ) $ 8,681 $ (318 )
Schedule of amortized cost and fair value of debt securities by contractual maturity	The following table presents information for investment securities at March 31, 2021, based on scheduled maturities. Actual maturities can be expected to differ from scheduled maturities due to prepayment or early call options of the issuer. March 31, 2021 Amortized Cost Fair Value (In thousands) Available-for-Sale: Within 1 year $ 500 $ 500 Over 1 year through five years 6,175 6,155 After 5 years through ten years 15,990 15,895 Over 10 years 6,500 6,349 Total $ 29,165 $ 28,899 Held-to-Maturity: Over 1 year through five years $ 4,546 $ 4,888 After 5 years through ten years 8,171 8,162 Over 10 years 5,000 5,000 Mortgage-backed securities: CMO, fixed-rate 8,117 8,317 Total $ 25,834 $ 26,367 Total investment securities $ 54,999 $ 55,266

Loans Receivable and Related _2

Loans Receivable and Related Allowance for Loan Losses (Tables)	6 Months Ended
	Mar. 31, 2021
Receivables [Abstract]
Schedule of loans receivable	Loans receivable in the Company’s portfolio consisted of the following at the dates indicated below: March 31, 2021 September 30, 2020 (In thousands) Residential mortgage $ 218,165 $ 242,090 Construction and Development: Residential and commercial 76,257 65,703 Land 3,596 3,110 Total Construction and Development 79,853 68,813 Commercial: Commercial real estate 482,611 495,398 Farmland 7,344 7,517 Multi-family 67,122 67,767 Commercial and industrial 94,706 116,584 Other 9,927 10,142 Total Commercial 661,710 697,408 Consumer: Home equity lines of credit 15,936 17,128 Second mortgages 8,114 10,711 Other 2,650 2,851 Total Consumer 26,700 30,690 Total loans 986,428 1,039,001 Deferred loan fees and costs, net 769 326 Allowance for loan losses (12,601 ) (12,433 ) Total loans receivable, net $ 974,596 $ 1,026,894
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 March 31, 2021 and September 30, 2020. Activity in the ALLL is presented for the three and six months ended March 31, 2021 and 2020 and the fiscal year ended September 30, 2020: 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 March 31, 2021 Beginning balance $ 1,603 $ 508 $ 24 $ 7,973 $ 352 $ 508 $ 600 $ 50 $ 125 $ 179 $ 25 $ 1,088 $ 13,035 Charge-offs - - - (484 ) - - - - - - - - (484 ) Recoveries - - - - - - - - 1 48 1 - 50 Provisions (175 ) 24 - 888 (317 ) (2 ) (43 ) (1 ) (7 ) (113 ) (1 ) (253 ) - Ending balance $ 1,428 $ 532 $ 24 $ 8,377 $ 35 $ 506 $ 557 $ 49 $ 119 $ 114 $ 25 $ 835 $ 12,601 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 March 31, 2020 Beginning balance $ 1,282 $ 585 $ 18 $ 6,194 $ 38 $ 196 $ 464 $ 33 $ 101 $ 235 $ 23 $ 793 $ 9,962 Charge-offs - - - - - - - - (62 ) (1 ) - - (63 ) Recoveries 23 - - 1 - - 1 - - 6 1 - 32 Provisions 187 (231 ) 6 1,087 4 248 51 2 88 (28 ) (3 ) (786 ) 625 Ending balance $ 1,492 $ 354 $ 24 $ 7,282 $ 42 $ 444 $ 516 $ 35 $ 127 $ 212 $ 21 $ 7 $ 10,556 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) Six Months Ended March 31, 2021 Beginning balance $ 1,667 $ 465 $ 23 $ 8,682 $ 47 $ 511 $ 578 $ 51 $ 130 $ 196 $ 29 $ 54 $ 12,433 Charge-offs - - - (484 ) - - - - - - (1 ) - (485 ) Recoveries 1 - - 1 - - 1 - 1 98 1 - 103 Provisions (240 ) 67 1 178 (12 ) (5 ) (22 ) (2 ) (12 ) (180 ) (4 ) 781 550 Ending balance $ 1,428 $ 532 $ 24 $ 8,377 $ 35 $ 506 $ 557 $ 49 $ 119 $ 114 $ 25 $ 835 $ 12,601 Ending balance: individually evaluated for impairment $ - $ - $ - $ 1,476 $ - $ - $ - $ - $ - $ 38 $ - $ - $ 1,514 Ending balance: collectively evaluated for impairment $ 1,428 $ 532 $ 24 $ 6,901 $ 35 $ 506 $ 557 $ 49 $ 119 $ 76 $ 25 $ 835 $ 11,087 Loans receivable: Ending balance $ 218,165 $ 76,257 $ 3,596 $ 482,611 $ 7,344 $ 67,122 $ 94,706 $ 9,927 $ 15,936 $ 8,114 $ 2,650 $ 986,428 Ending balance: individually evaluated for impairment $ 3,671 $ - $ - $ 38,838 $ 2,266 $ - $ 549 $ - $ 24 $ 352 $ - $ 45,700 Ending balance: collectively evaluated for impairment $ 214,494 $ 76,257 $ 3,596 $ 443,773 $ 5,078 $ 67,122 $ 94,157 $ 9,927 $ 15,912 $ 7,762 $ 2,650 $ 940,728 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) Six Months Ended March 31, 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 23 - - 2 - - 1 - - 12 1 - 39 Provisions 105 (169 ) 4 3,665 (7 ) 75 (100 ) 14 67 (64 ) (3 ) (812 ) 2,775 Ending balance $ 1,492 $ 354 $ 24 $ 7,282 $ 42 $ 444 $ 516 $ 35 $ 127 $ 212 $ 21 $ 7 $ 10,556 Ending balance: individually evaluated for impairment $ 3 $ - $ - $ 110 $ - $ - $ - $ - $ - $ 90 $ - $ - $ 203 Ending balance: collectively evaluated for impairment $ 1,489 $ 354 $ 24 $ 7,172 $ 42 $ 444 $ 516 $ 35 $ 127 $ 122 $ 21 $ 7 $ 10,353 Loans receivable: Ending balance $ 240,633 $ 52,313 $ 3,579 $ 511,467 $ 7,537 $ 59,978 $ 96,574 $ 7,604 $ 18,441 $ 12,393 $ 2,112 $ 1,012,631 Ending balance: individually evaluated for impairment $ 3,469 $ - $ - $ 18,193 $ - $ - $ - $ - $ 29 $ 841 $ - $ 22,532 Ending balance: collectively evaluated for impairment $ 237,164 $ 52,313 $ 3,579 $ 493,274 $ 7,537 $ 59,978 $ 96,574 $ 7,604 $ 18,412 $ 11,552 $ 2,112 $ 990,099 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, 2020 Beginning balance $ 1,364 $ 523 $ 20 $ 5,903 $ 49 $ 369 $ 615 $ 21 $ 122 $ 267 $ 23 $ 819 $ 10,095 Charge-offs - - - (8,330 ) - - - - (62 ) (3 ) (1 ) - (8,396 ) Recoveries 25 - - 6 - - 2 - 1 88 2 - 124 Provisions 278 (58 ) 3 11,103 (2 ) 142 (39 ) 30 69 (156 ) 5 (765 ) 10,610 Ending balance $ 1,667 $ 465 $ 23 $ 8,682 $ 47 $ 511 $ 578 $ 51 $ 130 $ 196 $ 29 $ 54 $ 12,433 Ending balance: individually evaluated for impairment $ - $ - $ - $ 227 $ - $ - $ - $ - $ - $ 81 $ - $ - $ 308 Ending balance: collectively evaluated for impairment $ 1,667 $ 465 $ 23 $ 8,455 $ 47 $ 511 $ 578 $ 51 $ 130 $ 115 $ 29 $ 54 $ 12,125 Loans receivable: Ending balance $ 242,090 $ 65,703 $ 3,110 $ 495,398 $ 7,517 $ 67,767 $ 116,584 $ 10,142 $ 17,128 $ 10,711 $ 2,851 $ 1,039,001 Ending balance: individually evaluated for impairment $ 3,388 $ - $ - $ 25,926 $ - $ - $ - $ - $ 26 $ 882 $ - $ 30,222 Ending balance: collectively evaluated for impairment $ 238,702 $ 65,703 $ 3,110 $ 469,472 $ 7,517 $ 67,767 $ 116,584 $ 10,142 $ 17,102 $ 9,829 $ 2,851 $ 1,008,779
Schedule of impaired loans	The decrease in impaired loans with no specific allowance from $29.4 million at September 30, 2020 to $25.9 million at March 31, 2021, is primarily due to the removal of one commercial real estate loan of approximately $6.5 million, offset by the additions of one commercial farmland loan of approximately $2.3 million and one commercial real estate loan of approximately $539,000. 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) March 31, 2021 Residential mortgage $ - $ - $ 3,671 $ 3,671 $ 3,945 Commercial: Commercial real estate 19,713 1,476 19,125 38,838 44,804 Farmland - - 2,266 2,266 2,266 Commercial and industrial - - 549 549 549 Consumer: Home equity lines of credit - - 24 24 28 Second mortgages 105 38 247 352 405 Total impaired loans $ 19,818 $ 1,514 $ 25,882 $ 45,700 $ 51,997 September 30, 2020 Residential mortgage $ - $ - $ 3,388 $ 3,388 $ 3,598 Commercial: Commercial real estate 676 227 25,250 25,926 36,945 Consumer: Home equity lines of credit - - 26 26 30 Second mortgages 101 81 781 882 949 Total impaired loans $ 777 $ 308 $ 29,445 $ 30,222 $ 41,522
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 six months ended March 31, 2021 and 2020: Three Months Ended March 31, 2021 Six Months Ended March 31, 2021 Average Impaired Loans Interest Income Recognized on Impaired Loans Average Impaired Loans Interest Income Recognized on Impaired Loans (In thousands) Residential mortgage $ 3,383 $ 19 $ 3,434 $ 34 Commercial: Commercial real estate 34,226 145 29,930 250 Farmland 2,278 19 1,516 19 Commercial and industrial 549 5 365 7 Consumer: Home equity lines of credit 56 - 65 - Second mortgages 658 2 679 3 Total $ 41,150 $ 190 $ 35,989 $ 313 Three Months Ended March 31, 2020 Six Months Ended March 31, 2020 Average Impaired Loans Interest Income Recognized on Impaired Loans Average Impaired Loans Interest Income Recognized on Impaired Loans (In thousands) Residential mortgage $ 3,481 $ 25 $ 3,507 $ 47 Commercial: Commercial real estate 11,222 5 10,153 20 Consumer: Home equity lines of credit 29 - 29 - Second mortgages 879 3 862 12 Total $ 15,611 $ 33 $ 14,551 $ 79
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 March 31, 2021 and September 30, 2020: Pass Special Mention Substandard Doubtful Total (In thousands) March 31, 2021: Residential mortgage $ 214,982 $ - $ 3,183 $ - $ 218,165 Construction and Development: Residential and commercial 76,257 - - - 76,257 Land 3,596 - - - 3,596 Commercial: Commercial real estate 395,045 48,758 38,808 - 482,611 Farmland 4,676 402 2,266 - 7,344 Multi-family 57,742 9,380 - - 67,122 Commercial and industrial 87,888 - 6,818 - 94,706 Other 9,927 - - - 9,927 Consumer: Home equity lines of credit 15,829 - 107 - 15,936 Second mortgages 6,942 72 1,100 - 8,114 Other 2,650 - - - 2,650 Total $ 875,534 $ 58,612 $ 52,282 $ - $ 986,428 Pass Special Mention Substandard Doubtful Total (In thousands) September 30, 2020: Residential mortgage $ 238,610 $ - $ 3,480 $ - $ 242,090 Construction and Development: Residential and commercial 65,703 - - - 65,703 Land 3,110 - - - 3,110 Commercial: Commercial real estate 422,143 46,892 26,363 - 495,398 Farmland 7,517 - - - 7,517 Multi-family 58,285 9,482 - - 67,767 Commercial and industrial 110,099 6,368 117 - 116,584 Other 10,142 - - - 10,142 Consumer: Home equity lines of credit 16,969 - 159 - 17,128 Second mortgages 9,573 76 1,062 - 10,711 Other 2,851 - - - 2,851 Total $ 945,002 $ 62,818 $ 31,181 $ - $ 1,039,001
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 March 31, 2021 and September 30, 2020, by portfolio class: March 31, 2021 September 30, 2020 (In thousands) Non-accrual loans: Residential mortgage $ 1,608 $ 2,036 Commercial: Commercial real estate 20,350 14,414 Consumer: Home equity lines of credit 24 26 Second mortgages 299 254 Total non-accrual loans $ 22,281 $ 16,730
Schedule of classes of loan portfolio summarized by aging categories	The following table presents the classes of the loan portfolio categorized by the following aging categories as of March 31, 2021 and September 30, 2020: 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) March 31, 2021: Residential mortgage $ 216,530 $ 713 $ - $ 922 $ 1,635 $ 218,165 $ 199 Construction and Development: Residential and commercial 76,257 - - - - 76,257 - Land 3,596 - - - - 3,596 - Commercial: Commercial real estate 474,438 212 - 7,961 8,173 482,611 510 Farmland 7,344 - - - - 7,344 - Multi-family 67,122 - - - - 67,122 - Commercial and industrial 91,752 2,954 - - 2,954 94,706 - Other 9,927 - - - - 9,927 - Consumer: Home equity lines of credit 15,936 - - - - 15,936 - Second mortgages 7,913 13 - 188 201 8,114 56 Other 2,650 - - - - 2,650 - Total $ 973,465 $ 3,892 $ - $ 9,071 $ 12,963 $ 986,428 $ 765 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, 2020: Residential mortgage $ 239,623 $ 68 $ 694 $ 1,705 $ 2,467 $ 242,090 $ - Construction and Development: Residential and commercial 65,703 - - - - 65,703 - Land 3,110 - - - - 3,110 - Commercial: Commercial real estate 495,087 - - 311 311 495,398 - Farmland 7,517 - - - - 7,517 - Multi-family 67,767 - - - - 67,767 - Commercial and industrial 116,584 - - - - 116,584 - Other 10,142 - - - - 10,142 - Consumer: Home equity lines of credit 17,080 - - 48 48 17,128 48 Second mortgages 10,325 157 33 196 386 10,711 10 Other 2,850 - 1 - 1 2,851 - Total $ 1,035,788 $ 225 $ 728 $ 2,260 $ 3,213 $ 1,039,001 $ 58
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 $431,000 and $175,000 of residential real estate properties in the process of foreclosure at March 31, 2021 and September 30, 2020, respectively. However, the Company has temporarily suspended collection and foreclosure efforts on past due loans in accordance with CARES Act and related regulatory guidance. The following table presents total TDRs as of March 31, 2021 and September 30, 2020: 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) March 31, 2021: Residential mortgage 17 $ 3,313 7 $ 1,530 Commercial: Commercial real estate 5 17,948 - - Farmland 1 2,266 - - Commercial and industrial 1 549 - - Consumer: Second mortgages 4 151 - - Total 28 $ 24,227 7 $ 1,530 September 30, 2020: Residential mortgage 17 $ 3,435 7 $ 1,617 Commercial: Commercial real estate 5 18,091 1 6,652 Consumer: Second mortgages 4 161 - - Total 26 $ 21,687 8 $ 8,269
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: March 31, 2021 September 30, 2020 Performing Non-Performing Performing Non-Performing (In thousands) Residential mortgage $ 1,783 $ 1,530 $ 1,818 $ 1,617 Commercial: Commercial real estate 17,948 - 11,439 6,652 Farmland 2,266 - - - Commercial and industrial 549 - - - Consumer: Second mortgages 151 - 161 - Total $ 22,697 $ 1,530 $ 13,418 $ 8,269
Schedule of new TDR's	There were no new TDRs for the three months ended March 31, 2021 and 2020. The following table shows the new TDRs for the six months ended March 31, 2021 and 2020: For the Six Months Ended March 31, 2021 2020 Number of Contracts Pre- Modifications Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment Number of Contracts Pre- Modifications Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment (In thousands) Troubled Debt Restructurings: Residential mortgage - $ - $ - 1 $ 207 $ 207 Commercial: Commercial real estate - $ - $ - 1 $ 295 $ 293 Farmland 1 $ 2,287 $ 2,287 - $ - $ - Commercial and industrial 1 $ 549 $ 549 - $ - $ - Total troubled debt restructurings 2 $ 2,836 $ 2,836 2 $ 502 $ 500
Schedule of composition of loans by loan segment	The following tables set forth the composition of these loans by loan segments as of March 31, 2021 and September 30, 2020: March 31, 2021 Number of Loans Loan Deferment Exposure Gross Loans March 31, 2021 Percentage of Gross Loans on Deferral (Dollars in thousands) Residential mortgage 1 $ 240 $ 218,165 0.02 % Construction and Development: Residential and commercial - - 76,257 0.00 % Land loans - - 3,596 0.00 % Total Construction and Development - - 79,853 0.00 % Commercial: Commercial real estate 7 61,858 482,611 6.28 % Farmland - - 7,344 0.00 % Multi-family - - 67,122 0.00 % Commercial and industrial 2 212 94,706 0.02 % Other - - 9,927 0.00 % Total Commercial 9 62,070 661,710 6.30 % Consumer: Home equity lines of credit - - 15,936 0.00 % Second mortgages 2 88 8,114 0.01 % Other - - 2,650 0.00 % Total Consumer 2 88 26,700 0.01 % Total loans 12 $ 62,398 $ 986,428 6.33 % September 30, 2020 Number of Loans Loan Deferment Exposure Gross Loans September 30, 2020 Percentage of Gross Loans on Deferral (Dollars in thousands) Residential mortgage 5 $ 1,288 $ 242,090 0.12 % Construction and Development: Residential and commercial - - 65,703 0.00 % Land loans - - 3,110 0.00 % Total Construction and Development - - 68,813 0.00 % Commercial: Commercial real estate 21 131,348 495,398 12.64 % Farmland 1 2,288 7,517 0.22 % Multi-family 2 3,718 67,767 0.36 % Commercial and industrial 10 5,547 116,584 0.53 % Other - - 10,142 0.00 % Total Commercial 34 142,901 697,408 13.75 % Consumer: Home equity lines of credit 3 579 17,128 0.06 % Second mortgages 1 17 10,711 0.00 % Other - - 2,851 0.00 % Total Consumer 4 596 30,690 0.06 % Total loans 43 $ 144,785 $ 1,039,001 13.94 %

Regulatory Matters (Tables)

Regulatory Matters (Tables)	6 Months Ended
	Mar. 31, 2021
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 March 31, 2021 and September 30, 2020: 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 March 31, 2021 Tier 1 Leverage (Core) Capital (to adjusted assets) $ 146,396 11.96 % $ 48,955 4.00 % N/A N/A Common Equity Tier 1 Capital (to risk weighted assets) 146,396 14.69 % 44,845 4.50 % N/A N/A Tier 1 Capital (to risk weighted assets) 146,396 14.69 % 59,793 6.00 % N/A N/A Total Risk Based Capital (to risk weighted assets) 183,711 18.43 % 79,724 8.00 % N/A N/A As of September 30, 2020 Tier 1 Leverage (Core) Capital (to adjusted assets) $ 141,681 11.63 % $ 48,473 4.00 % N/A N/A Common Equity Tier 1 Capital (to risk weighted assets) 141,681 14.00 % 45,528 4.50 % N/A N/A Tier 1 Capital (to risk weighted assets) 141,681 14.00 % 60,704 6.00 % N/A N/A Total Risk Based Capital (to risk weighted assets) 178,972 17.69 % 80,939 8.00 % N/A N/A The following table summarizes the Bank’s compliance with applicable regulatory capital requirements as of March 31, 2021 and September 30, 2020: 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 March 31, 2021 Tier 1 Leverage (Core) Capital (to adjusted assets) $ 161,106 13.18 % $ 48,896 4.00 % $ 61,120 5.00 % Common Equity Tier 1 Capital (to risk weighted assets) 161,106 16.20 % 44,762 4.50 % 64,657 6.50 % Tier 1 Capital (to risk weighted assets) 161,106 16.20 % 59,683 6.00 % 79,577 8.00 % Total Risk Based Capital (to risk weighted assets) 173,543 17.45 % 79,577 8.00 % 99,472 10.00 % As of September 30, 2020 Tier 1 Leverage (Core) Capital (to adjusted assets) $ 155,575 12.78 % $ 48,685 4.00 % $ 60,856 5.00 % Common Equity Tier 1 Capital (to risk weighted assets) 155,575 15.40 % 45,459 4.50 % 65,663 6.50 % Tier 1 Capital (to risk weighted assets) 155,575 15.40 % 60,612 6.00 % 80,816 8.00 % Total Risk Based Capital (to risk weighted assets) 168,090 16.64 % 80,816 8.00 % 101,020 10.00 %

Derivatives and Hedging Activ_2

Derivatives and Hedging Activities (Tables)	6 Months Ended
	Mar. 31, 2021
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 March 31, 2021 and September 30, 2020: ` March 31, 2021 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 $ 70,000 $ 451 Other liabilities Derivatives not designated as a hedging instrument: Interest rate swap agreement $ 44,958 $ 3,914 Other assets $ 44,958 $ 3,916 Other liabilities September 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 $ 1,291 Other liabilities Derivatives not designated as a hedging instrument: Interest rate swap agreement $ 45,162 $ 8,752 Other assets $ 45,162 $ 8,756 Other liabilities
Schedule of offsetting of derivative assets and liabilities	The tables below present the derivative assets and liabilities offsetting as of March 31, 2021 and September 30, 2020: Offsetting of Derivative Assets (In thousands) as of March 31, 2021 Gross Amounts Not Offset in the Statements of Financial Condition Gross Amounts of Recognized Assets Gross Amounts Offset in the Statement of Financial Condition Net Amounts of Assets presented in the Statement of Financial Condition Financial Instruments Cash Collateral Received Net Amount Derivatives $ 3,914 $ - $ 3,914 $ - $ - $ 3,914 Offsetting of Derivative Liabilities (In thousands) as of March 31, 2021 Gross Amounts Not Offset in the Statements of Financial Condition Gross Amounts of Recognized Liabilities Gross Amounts Offset in the Statement of Financial Condition Net Amounts of Liabilities presented in the Statement of Financial Condition Financial Instruments Cash Collateral Posted Net Amount Derivatives $ 4,367 $ - $ 4,367 $ 623 $ 7,857 $ (4,113 ) Offsetting of Derivative Assets (In thousands) as of September 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 $ 8,752 $ - $ 8,752 $ - $ - $ 8,752 Offsetting of Derivative Liabilities (In thousands) as of September 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 $ 10,047 $ - $ 10,047 $ 1,498 $ 12,857 $ (4,308 )
Schedule of net gains (losses) recorded in accumulated other comprehensive loss and the Consolidated 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 six months ended March 31, 2021 and 2020: Three Months Ended March 31, 2021 Amount of Gain Recognized in OCI on Derivative Amount of Loss Reclassified from OCI to Interest Expense (In thousands) Interest rate swap agreements $ 322 $ (243 ) Total derivatives 322 (243 ) Six Months Ended March 31, 2021 Amount of Gain Recognized in OCI on Derivative Amount of Loss Reclassified from OCI to Interest Expense (In thousands) Interest rate swap agreements $ 314 $ (523 ) Total derivatives 314 (523 ) Three Months Ended March 31, 2020 Amount of Loss Recognized in OCI on Derivative Amount of Loss Reclassified from OCI to Interest Expense (In thousands) Interest rate swap agreements $ (730 ) $ (47 ) Total derivatives (730 ) (47 ) Six Months Ended March 31, 2020 Amount of Loss Recognized in OCI on Derivative Amount of Loss Reclassified from OCI to Interest Expense (In thousands) Interest rate swap agreements $ (653 ) $ (61 ) Total derivatives (653 ) (61 )
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 six months ended March 31, 2021 and 2020: Three Months Ended March 31, 2021 Consolidated Statements of Operations Amount of Gain Recognized in Income on derivatives (In thousands) Derivatives not designated as a hedging instrument: Interest rate swap agreement Other income $ 2 Total $ 2 Six Months Ended March 31, 2021 Consolidated Statements of Operations Amount of Gain Recognized in Income on derivatives (In thousands) Derivatives not designated as a hedging instrument: Interest rate swap agreement Other income $ 3 Total $ 3 Three Months Ended March 31, 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 $ (3 ) Total $ (3 ) Six Months Ended March 31, 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 )

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Mar. 31, 2021
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 March 31, 2021 and September 30, 2020: March 31, 2021 Total Level 1 Level 2 Level 3 (In thousands) Assets: Investment securities available for sale: Debt securities: U.S. government agencies $ 4,924 $ - $ 4,924 $ - State and municipal obligations 2,678 - 2,678 - Single issuer trust preferred security 876 - 876 - Corporate debt securities 18,919 - 18,919 - Mutual funds 1,502 1,002 - 500 Total investment securities available for sale $ 28,899 $ 1,002 $ 27,397 $ 500 Derivative instruments $ 3,914 $ - $ 3,914 $ - Liabilities: Derivative instruments $ 4,367 $ - $ 4,367 $ - September 30, 2020 Total Level 1 Level 2 Level 3 (In thousands) Assets: Investment securities available for sale: Debt securities: U.S. government agencies $ 5,040 $ - $ 5,040 $ - State and municipal obligations 3,105 - 3,105 - Single issuer trust preferred security 925 - 925 - Corporate debt securities 20,948 - 20,948 - Mutual fund 1,523 1,023 - 500 Total investment securities available for sale $ 31,541 $ 1,023 $ 30,018 $ 500 Derivative instruments $ 8,752 $ - $ 8,752 $ - Liabilities: Derivative instruments $ 10,047 $ - $ 10,047 $ -
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 six months ended March 31, 2021 and March 31, 2020: Fair value measurements using significant unobservable inputs (Level 3) (In thousands) Balance, October 1, 2020 $ 500 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, March 31, 2021 $ 500 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, March 31, 2020 $ 500
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 March 31, 2021 and September 30, 2020: March 31, 2021 Total Level 1 Level 2 Level 3 (In thousands) Other real estate owned $ 5,796 $ - $ - $ 5,796 Impaired loans (1) 25,756 - - 25,756 Total $ 31,552 $ - $ - $ 31,552 March 31, 2021 Fair Value at March 31, 2021 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) 25,756 Appraisal of Collateral(2) Collateral discount(3) 0%/(0%) Total $ 31,552 (1) Consisted of six loans with an aggregate balance of $27.3 million and with $1.5 million in specific loan loss allowance. (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, 2020 Total Level 1 Level 2 Level 3 (In thousands) Other real estate owned $ 5,796 $ - $ - $ 5,796 Impaired loans (1) 7,920 - - 7,920 Total $ 13,716 $ - $ - $ 13,716 September 30, 2020 Fair Value at September 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) 7,920 Appraisal of Collateral(2) Collateral discount(3) (2.0%) - 20.0%/(1.4%) Total $ 13,716 (1) Consisted of seven loans with an aggregate balance of $8.2 million and with $308,000 in specific loan loss allowance. (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 March 31, 2021 and September 30, 2020 are presented below: March 31, 2021 Carrying Amount Fair Value Level 1 Level 2 Level 3 (In thousands) Financial assets: Cash and cash equivalents $ 108,914 $ 108,914 $ 108,914 $ - $ - Investment securities available-for-sale 28,899 28,899 1,002 27,397 500 Investment securities held-to-maturity 25,834 26,367 - 26,367 - Loans receivable, net (including impaired loans) 974,596 974,707 - - 974,707 Accrued interest receivable 3,598 3,598 - 3,598 - Restricted stock 8,891 8,891 - 8,891 - Mortgage servicing rights (included in Other Assets) 96 96 - 96 - Derivatives (included in Other Assets) 3,914 3,914 - 3,914 - Financial liabilities: Savings accounts 49,601 49,601 - 49,601 - Checking and NOW accounts 368,075 368,075 - 368,075 - Money market accounts 338,100 338,100 - 338,100 - Certificates of deposit 156,437 158,572 - 158,572 - Borrowings (excluding sub debt) 110,000 110,568 - 110,568 - Subordinated debt 24,855 25,029 - 25,029 - Derivatives (included in Other Liabilities) 4,367 8,509 - 8,509 - Accrued interest payable 648 1,078 - 1,078 - September 30, 2020 Carrying Amount Fair Value Level 1 Level 2 Level 3 (In thousands) Financial assets: Cash and cash equivalents $ 61,439 $ 61,439 $ 61,439 $ - $ - Investment securities available-for-sale 31,541 31,541 1,023 30,018 500 Investment securities held-to-maturity 14,970 15,608 - 15,608 - Loans receivable, net (including impaired loans) 1,031,392 1,039,981 - - 1,039,981 Accrued interest receivable 3,677 3,677 - 3,677 - Restricted stock 9,622 9,622 - 9,622 - Mortgage servicing rights (included in Other Assets) 111 111 - 111 - Derivatives (included in Other Assets) 8,752 8,752 - 8,752 - Financial liabilities: Savings accounts 45,072 45,072 - 45,072 - Checking and NOW accounts 354,104 354,104 - 354,104 - Money market accounts 277,711 277,711 - 277,711 - Certificates of deposit 214,019 217,212 - 217,212 - Borrowings (excluding sub debt) 134,225 135,101 - 135,101 - Subordinated debt 24,776 25,030 - 25,030 - Derivatives (included in Other Liabilities) 10,047 10,047 - 10,047 - Accrued interest payable 728 728 - 728 -

Comprehensive Income (Loss) (Ta

Comprehensive Income (Loss) (Tables)	6 Months Ended
	Mar. 31, 2021
Equity [Abstract]
Schedule of components of accumulated other comprehensive loss	The components of accumulated other comprehensive loss included in shareholders’ equity are as follows: March 31, 2021 September 30, 2020 (In thousands) Net unrealized holding losses on available-for-sale securities $ (265 ) $ (118 ) Tax effect 56 25 Net of tax amount (209 ) (93 ) Fair value adjustments on derivatives (424 ) (1,260 ) Tax effect 89 265 Net of tax amount (335 ) (995 ) Total accumulated other comprehensive loss $ (544 ) $ (1,088 )
Schedule of other comprehensive income (loss) and related tax effects	Other comprehensive income (loss) and related tax effects are presented in the following table: Three Months Ended March 31, Six Months Ended March 31, 2021 2020 2021 2020 (In thousands) Net unrealized holding gains on available-for-sale securities $ 7 $ 62 $ 464 $ 133 Net realized gain on securities available-for-sale (259 ) (180 ) (614 ) (180 ) Amortization of unrealized holding losses on securities transferred from available-for-sale to held-to-maturity 1 1 2 2 Adjustment for loss recorded on replacement of derivative (2 ) - (4 ) - Fair value adjustments on derivatives 567 (682 ) 840 (591 ) Other comprehensive income (loss) before taxes 314 (799 ) 688 (636 ) Tax effect (65 ) 168 (144 ) 134 Total other comprehensive income (loss) $ 249 $ (631 ) $ 544 $ (502 )

Equity Based Incentive Compen_2

Equity Based Incentive Compensation Plan (Tables)	6 Months Ended
	Mar. 31, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Schedule of assumptions used in determining fair value of stock option	There were no stock options granted for the six months ended March 31, 2021. The assumptions used in determining the fair value of stock option grants for the six months ended March 31, 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
Schedule of stock option activity	The following is a summary of stock option activity for the six months ended March 31, 2021: Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term (In Years) Aggregate Intrinsic Value Outstanding, beginning of year 25,830 $ 21.57 $ - Granted - $ - $ - Exercised - $ - $ - Forfeited/cancelled/expired - $ - $ - Outstanding, at March 31, 2021 25,830 $ 21.57 6.694 $ - Exercisable, at March 31, 2021 13,310 $ 21.53 7.988 $ - Nonvested, at March 31, 2021 12,520 $ 21.61
Schedule of restricted stock outstanding	The table below summarizes the activity for the Company’s restricted stock outstanding during the six months ended March 31, 2021: Shares Weighted Average Fair Value Outstanding, beginning of year 30,653 $ 21.98 Granted - $ - Vested (7,978 ) $ 21.92 Forfeited/cancelled/expired - $ - Outstanding, at March 31, 2021 22,675 $ 22.00

Deposits (Tables)

Deposits (Tables)	6 Months Ended
	Mar. 31, 2021
Deposits [Abstract]
Schedule of deposits classified by type with percentages to total deposits	Deposits classified by type with percentages to total deposits at March 31, 2021 and September 30, 2020 consisted of the following: March 31, September 30, 2021 2020 (Dollars in thousands) Balances by types of deposit: Savings $ 49,601 5.44 % $ 45,072 5.06 % Money market accounts 338,100 37.06 277,711 31.17 Interest-bearing demand 313,865 34.41 303,682 34.09 Non-interest-bearing demand 54,210 5.94 50,422 5.66 755,776 82.85 % 676,887 75.98 % Certificates of deposit 156,437 17.15 % 214,019 24.02 % Total Deposits $ 912,213 100.00 % $ 890,906 100.00 %
Schedule of interest expense on deposits	Interest expense on deposits consisted of the following: Three Months Ended March 31, Six Months Ended March 31, 2021 2020 2021 2020 (In thousands) Savings accounts $ 16 $ 12 $ 34 $ 23 Money market accounts 676 1,121 1,467 2,219 Interest-bearing demand 478 1,078 1,026 2,259 Certificates of deposit 635 1,412 1,535 2,859 Total $ 1,805 $ 3,623 $ 4,062 $ 7,360
Schedule of certificates of deposit maturities	As of March 31, 2021, the scheduled maturities of certificates of deposits are as follows: Scheduled Maturities (In thousands) Period Ending March 31, 2021 $ 101,544 2022 21,165 2023 18,016 2024 7,858 2025 6,995 Thereafter 859 Total $ 156,437 As of March 31, 2021, the scheduled maturities of certificates of deposits in amounts greater than $100,000 are as follows: Scheduled Maturities (In thousands) Three months or less $ 45,216 Over three through six months 7,780 Over six through twelve months 15,262 Over twelve months 28,232 Total $ 96,490

Leases (Tables)

Leases (Tables)	6 Months Ended
	Mar. 31, 2021
Leases [Abstract]
Components of Lease Expense	The components of lease expense were as follows: Three Months Ended March 31, Six Months Ended March 31, 2021 2020 2021 2020 (In thousands) (In thousands) Operating lease cost $ 169 $ 173 $ 340 $ 348 Finance lease cost - - - - Short-term lease cost 25 28 47 53 Total $ 194 $ 201 $ 387 $ 401
Schedule of Supplemental Information of Leases	Supplemental information at and for March 31, 2021 and the six months ended March 31, 2021 related to leases was as follows: March 31, 2021 (Dollars in thousands) Supplemental balance sheet information Operating lease right-of-use assets $ 2,322 Operating lease liabilities $ 2,357 Weighted average remaining lease term 5.04 years Weighted average discount rate 2.00 % Six Months Ended March 31, 2021 (In thousands) Supplemental cash flow information Operating cash flows from operating leases $ 326 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 2021 $ 275 2022 492 2023 474 2024 474 2025 477 Thereafter 269 Total lease payments $ 2,461 Less: imputed interest (104 ) Total $ 2,357

Risks and Uncertainties (Narrat

Risks and Uncertainties (Narrative) (Detail) - USD ($)	3 Months Ended	6 Months Ended
	Dec. 31, 2020	Mar. 31, 2021	Mar. 27, 2020
Paycheck Protection Program Loans [Member]
Unusual Risk Or Uncertainty [Line Items]
Initial amount of loan funded			$ 349,000,000,000
Initial amount increased for loan funded			$ 659,000,000,000
Small Business Administration, CARES Act, Paycheck Protection Program [Member]
Unusual Risk Or Uncertainty [Line Items]
Gain on sale of loans	$ 202,000
Proceeds from sale of loans	$ 19,700,000
Loan Modification Agreements [Member]
Unusual Risk Or Uncertainty [Line Items]
Initial payment and deferrals forbearance period		3 months
Maximum additional period of second forbearance		90 days

Non-Interest Income - Schedule

Non-Interest Income - Schedule of Company's Non-Interest Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Rental income	$ 54	$ 55	$ 108	$ 109
Net gains on sale and call of investments	259	180	614	180
Net gains on sale of loans	274		678	3
Earnings on bank-owned life insurance	161	125	325	252
Non-interest income within the scope of other GAAP topics	748	360	1,725	544
Non-interest income from contracts with customers	419	604	666	863
Total Other Income	1,167	964	2,391	1,407
ATM Fees [Member]
Non-interest income from contracts with customers	3	1	6	3
Credit Card Fee Income [Member]
Non-interest income from contracts with customers	5	5	10	11
DDA Fee Income [Member]
Non-interest income from contracts with customers	20	26	42	56
DDA Service Fees [Member]
Non-interest income from contracts with customers	21	19	45	38
Debit Card Fees [Member]
Non-interest income from contracts with customers	65	61	129	127
Other Loan Fee Income [Member]
Non-interest income from contracts with customers	248	429	320	506
Other Fee Income [Member]
Non-interest income from contracts with customers	55	61	110	118
Other Non-interest Income [Member]
Non-interest income from contracts with customers	$ 2	$ 2	$ 4	$ 4

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Detail) - shares	3 Months Ended		6 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Earnings Per Share [Abstract]
Restricted shares issued	0	16,357	0	18,121
Stock options	0	7,000	0	7,000

Earnings Per Share (Detail)

Earnings Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Earnings Per Share [Abstract]
Net Income	$ 2,224	$ 1,908	$ 4,497	$ 2,693
Weighted average shares outstanding	7,609,953	7,758,718	7,609,953	7,761,566
Average unearned ESOP shares	(80,545)	(94,947)	(82,365)	(96,753)
Basic weighted average shares outstanding	7,529,408	7,663,771	7,527,588	7,664,813
Plus: effect of potential dilutive common stock equivalents - stock options	743		601
Diluted weighted average common shares outstanding	7,530,151	7,663,771	7,528,189	7,664,813
Earnings per common share:
Basic	$ 0.30	$ 0.25	$ 0.60	$ 0.35
Diluted	$ 0.30	$ 0.25	$ 0.60	$ 0.35

Employee Stock Ownership Plan (

Employee Stock Ownership Plan (Narrative) (Detail) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended		4 Months Ended	6 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Sep. 30, 2008	Mar. 31, 2021	Mar. 31, 2020
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 in quarterly installments through 2026 principally from the Bank’s contributions to the ESOP.
Committed to be released ESOP shares	3,600	3,600		7,200	7,200
Number of unallocated shares	78,765			78,765
Number of allocated shares held by the ESOP	180,453			180,453
Aggregate fair value of shares held by the ESOP	$ 1.5			$ 1.5

Investment Securities (Detail)

Investment Securities (Detail) - USD ($) $ in Thousands	Mar. 31, 2021	Sep. 30, 2020
Schedule of available-for-sale securities and cost-method investments [Line Items]
Amortized Cost	$ 29,165	$ 31,658
Gross Unrealized Gains	175	201
Gross Unrealized Losses	(441)	(318)
Fair value	28,899	31,541
Amortized Cost	25,834	14,970
Gross Unrealized Gains	586	638
Gross Unrealized Losses	(53)
Fair value	26,367	15,608
Total investment securities Amortized Cost	54,999	46,628
Total investment securities Gross Unrealized Gains	761	839
Total investment securities Gross Unrealized Losses	(494)	(318)
Total investment securities Fair Value	55,266	47,149
U. S. Government Agencies [Member]
Schedule of available-for-sale securities and cost-method investments [Line Items]
Amortized Cost	5,000	5,025
Gross Unrealized Gains		15
Gross Unrealized Losses	(76)
Fair value	4,924	5,040
Amortized Cost	12,500
Gross Unrealized Losses	(53)
Fair value	12,447
State And Municipal Obligations [Member]
Schedule of available-for-sale securities and cost-method investments [Line Items]
Amortized Cost	2,675	3,101
Gross Unrealized Gains	3	4
Fair value	2,678	3,105
Amortized Cost	1,776	1,794
Gross Unrealized Gains	118	129
Fair value	1,894	1,923
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	(124)	(75)
Fair value	876	925
Corporate Debt Securities [Member]
Schedule of available-for-sale securities and cost-method investments [Line Items]
Amortized Cost	18,988	21,009
Gross Unrealized Gains	172	182
Gross Unrealized Losses	(241)	(243)
Fair value	18,919	20,948
Amortized Cost	3,441	3,498
Gross Unrealized Gains	268	260
Fair value	3,709	3,758
Mutual Fund [Member]
Schedule of available-for-sale securities and cost-method investments [Line Items]
Amortized Cost	1,502	1,523
Fair value	1,502	1,523
Collateralized Mortgage Obligations [Member] | Fixed Rate [Member]
Schedule of available-for-sale securities and cost-method investments [Line Items]
Amortized Cost	8,117	9,678
Gross Unrealized Gains	200	249
Fair value	$ 8,317	$ 9,927

Investment Securities - (Narrat

Investment Securities - (Narrative) (Detail)	6 Months Ended
	Mar. 31, 2021USD ($)Investment	Mar. 31, 2020USD ($)	Sep. 30, 2020USD ($)
Marketable Securities [Line Items]
Sales	$ 13,132,000	$ 5,045,000
Gain on sale of securities available for sale	614,000	$ 180,000
Fair value of available for sale securities transferred	3,800,000		$ 4,600,000
Fair value of available for sale securities short-term borrowings transferred	0		0
Carrying value of investment securities pledged against hedge	$ 0		$ 0
U. S. Government Agencies [Member]
Marketable Securities [Line Items]
Number of portfolio investments | Investment	3
Corporate Debt Securities [Member]
Marketable Securities [Line Items]
Number of portfolio investments | Investment	6
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	Mar. 31, 2021	Sep. 30, 2020
Schedule of available-for-sale securities and cost-method investments [Line Items]
Less than 12 Months: Fair Value	$ 15,220
Less than 12 Months: Unrealized Losses	(280)
12 Months or longer: Fair Value	2,339
12 Months or longer: Unrealized Losses	(161)
Total: Fair Value	17,559
Total: Unrealized Losses	(441)
Total investment securities in an unrealized loss position less than 12 months fair value	22,667	$ 4,426
Total investment securities in an unrealized loss position less than 12 months gross unrealized loss	(333)	(74)
Total investment securities in an unrealized loss position 12 months or more fair value	2,339	4,255
Total investment securities in an unrealized loss position 12 months or more gross unrealized loss	(161)	(244)
Total investment securities in an unrealized loss position fair value	25,006	8,681
Total investment securities in an unrealized loss position gross unrealized loss	(494)	(318)
Less than 12 Months: Fair Value	7,447
Less than 12 Months: Unrealized Losses	(53)
Total: Fair Value	7,447
Total: Unrealized Losses	(53)
U. S. Government Agencies [Member]
Schedule of available-for-sale securities and cost-method investments [Line Items]
Less than 12 Months: Fair Value	4,924
Less than 12 Months: Unrealized Losses	(76)
Total: Fair Value	4,924
Total: Unrealized Losses	(76)
Less than 12 Months: Fair Value	7,447
Less than 12 Months: Unrealized Losses	(53)
Total: Fair Value	7,447
Total: Unrealized Losses	(53)
Single Issuer Trust Preferred Security [Member]
Schedule of available-for-sale securities and cost-method investments [Line Items]
12 Months or longer: Fair Value	876	925
12 Months or longer: Unrealized Losses	(124)	(75)
Total: Fair Value	876	925
Total: Unrealized Losses	(124)	(75)
Corporate Debt Securities [Member]
Schedule of available-for-sale securities and cost-method investments [Line Items]
Less than 12 Months: Fair Value	10,296	4,426
Less than 12 Months: Unrealized Losses	(204)	(74)
12 Months or longer: Fair Value	1,463	3,330
12 Months or longer: Unrealized Losses	(37)	(169)
Total: Fair Value	11,759	7,756
Total: Unrealized Losses	$ (241)	$ (243)

Investment Securities - Schedul

Investment Securities - Schedule maturities (Detail) - USD ($) $ in Thousands	Mar. 31, 2021	Sep. 30, 2020
Available for Sale, Amortized Cost:
Within 1 year	$ 500
Over 1 year through five years	6,175
After 5 years through ten years	15,990
Over 10 years	6,500
Amortized Cost	29,165	$ 31,658
Held-to-Maturity, Amortized Cost:
Over 1 year through five years	4,546
After 5 years through ten years	8,171
Over 10 years	5,000
CMO, fixed-rate	8,117
Amortized Cost	25,834	14,970
Total investment securities Amortized Cost	54,999	46,628
Available-for-Sale, Fair Value:
Within 1 year	500
Over 1 year through five years	6,155
After 5 years through ten years	15,895
Over 10 years	6,349
Available-for-sale, Fair Value, Total	28,899	31,541
Held-to-Maturity, Fair Value:
Over 1 year through five years	4,888
After 5 years through ten years	8,162
Over 10 years	5,000
Mortgage-backed securities:
CMO, fixed-rate	8,317
Held-to-Maturity, Fair Value, Total	26,367	15,608
Total investment securities, Fair Value	$ 55,266	$ 47,149

Loans Receivable and Related _3

Loans Receivable and Related Allowance for Loan Losses (Detail) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019
Financing Receivable, Impaired [Line Items]
Total loans	$ 986,428		$ 1,039,001	$ 1,012,631
Deferred loan fees and costs, net	769		326
Allowance for loan losses	(12,601)	$ (13,035)	(12,433)	(10,556)	$ (9,962)	$ (10,095)
Total loans receivable, net	974,596		1,026,894
Commercial and Industrial [Member]
Financing Receivable, Impaired [Line Items]
Total loans	94,706		116,584	96,574
Allowance for loan losses	(557)	(600)	(578)	(516)	(464)	(615)
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Total loans	218,165		242,090	240,633
Allowance for loan losses	(1,428)	(1,603)	(1,667)	(1,492)	(1,282)	(1,364)
Construction and Development - Residential and Commercial Receivables [Member]
Financing Receivable, Impaired [Line Items]
Total loans	76,257		65,703	52,313
Allowance for loan losses	(532)	(508)	(465)	(354)	(585)	(523)
Construction and Development - Land Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	3,596		3,110	3,579
Allowance for loan losses	(24)	(24)	(23)	(24)	(18)	(20)
Construction And Development Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	79,853		68,813
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Total loans	482,611		495,398	511,467
Allowance for loan losses	(8,377)	(7,973)	(8,682)	(7,282)	(6,194)	(5,903)
Commercial Farmland [Member]
Financing Receivable, Impaired [Line Items]
Total loans	7,344		7,517	7,537
Allowance for loan losses	(35)	(352)	(47)	(42)	(38)	(49)
Commercial Multi Family Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	67,122		67,767	59,978
Allowance for loan losses	(506)	(508)	(511)	(444)	(196)	(369)
Commercial - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	9,927		10,142	7,604
Allowance for loan losses	(49)	(50)	(51)	(35)	(33)	(21)
Commercial [Member]
Financing Receivable, Impaired [Line Items]
Total loans	661,710		697,408
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Total loans	15,936		17,128	18,441
Allowance for loan losses	(119)	(125)	(130)	(127)	(101)	(122)
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	8,114		10,711	12,393
Allowance for loan losses	(114)	(179)	(196)	(212)	(235)	(267)
Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	2,650		2,851	2,112
Allowance for loan losses	(25)	$ (25)	(29)	$ (21)	$ (23)	$ (23)
Consumer Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	$ 26,700		$ 30,690

Loans Receivable and Related _4

Loans Receivable and Related Allowance for Loan Losses (1) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020	Sep. 30, 2020
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning balance	$ 13,035	$ 9,962	$ 12,433	$ 10,095	$ 10,095
Charge-offs	(484)	(63)	(485)	(2,353)	(8,396)
Recoveries	50	32	103	39	124
Provisions		625	550	2,775	10,610
Allowance for credit losses, Ending Balance	12,601	10,556	12,601	10,556	12,433
Allowance for credit losses: Ending balance: individually evaluated for impairment	1,514	203	1,514	203	308
Allowance for credit losses: Ending balance: collectively evaluated for impairment	11,087	10,353	11,087	10,353	12,125
Loans receivable	986,428	1,012,631	986,428	1,012,631	1,039,001
Loans receivable: Ending balance: individually evaluated for impairment	45,700	22,532	45,700	22,532	30,222
Loans Receivable: Ending balance: collectively evaluated for impairment	940,728	990,099	940,728	990,099	1,008,779
Commercial and Industrial [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning balance	600	464	578	615	615
Recoveries		1	1	1	2
Provisions	(43)	51	(22)	(100)	(39)
Allowance for credit losses, Ending Balance	557	516	557	516	578
Allowance for credit losses: Ending balance: collectively evaluated for impairment	557	516	557	516	578
Loans receivable	94,706	96,574	94,706	96,574	116,584
Loans receivable: Ending balance: individually evaluated for impairment	549		549
Loans Receivable: Ending balance: collectively evaluated for impairment	94,157	96,574	94,157	96,574	116,584
Residential Mortgage [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning balance	1,603	1,282	1,667	1,364	1,364
Recoveries		23	1	23	25
Provisions	(175)	187	(240)	105	278
Allowance for credit losses, Ending Balance	1,428	1,492	1,428	1,492	1,667
Allowance for credit losses: Ending balance: individually evaluated for impairment		3		3
Allowance for credit losses: Ending balance: collectively evaluated for impairment	1,428	1,489	1,428	1,489	1,667
Loans receivable	218,165	240,633	218,165	240,633	242,090
Loans receivable: Ending balance: individually evaluated for impairment	3,671	3,469	3,671	3,469	3,388
Loans Receivable: Ending balance: collectively evaluated for impairment	214,494	237,164	214,494	237,164	238,702
Construction and Development - Residential and Commercial Receivables [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning balance	508	585	465	523	523
Provisions	24	(231)	67	(169)	(58)
Allowance for credit losses, Ending Balance	532	354	532	354	465
Allowance for credit losses: Ending balance: collectively evaluated for impairment	532	354	532	354	465
Loans receivable	76,257	52,313	76,257	52,313	65,703
Loans Receivable: Ending balance: collectively evaluated for impairment	76,257	52,313	76,257	52,313	65,703
Construction and Development - Land Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning balance	24	18	23	20	20
Provisions		6	1	4	3
Allowance for credit losses, Ending Balance	24	24	24	24	23
Allowance for credit losses: Ending balance: collectively evaluated for impairment	24	24	24	24	23
Loans receivable	3,596	3,579	3,596	3,579	3,110
Loans Receivable: Ending balance: collectively evaluated for impairment	3,596	3,579	3,596	3,579	3,110
Commercial Real Estate [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning balance	7,973	6,194	8,682	5,903	5,903
Charge-offs	(484)		(484)	(2,288)	(8,330)
Recoveries		1	1	2	6
Provisions	888	1,087	178	3,665	11,103
Allowance for credit losses, Ending Balance	8,377	7,282	8,377	7,282	8,682
Allowance for credit losses: Ending balance: individually evaluated for impairment	1,476	110	1,476	110	227
Allowance for credit losses: Ending balance: collectively evaluated for impairment	6,901	7,172	6,901	7,172	8,455
Loans receivable	482,611	511,467	482,611	511,467	495,398
Loans receivable: Ending balance: individually evaluated for impairment	38,838	18,193	38,838	18,193	25,926
Loans Receivable: Ending balance: collectively evaluated for impairment	443,773	493,274	443,773	493,274	469,472
Commercial Farmland [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning balance	352	38	47	49	49
Provisions	(317)	4	(12)	(7)	(2)
Allowance for credit losses, Ending Balance	35	42	35	42	47
Allowance for credit losses: Ending balance: collectively evaluated for impairment	35	42	35	42	47
Loans receivable	7,344	7,537	7,344	7,537	7,517
Loans receivable: Ending balance: individually evaluated for impairment	2,266		2,266
Loans Receivable: Ending balance: collectively evaluated for impairment	5,078	7,537	5,078	7,537	7,517
Commercial Multi Family Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning balance	508	196	511	369	369
Provisions	(2)	248	(5)	75	142
Allowance for credit losses, Ending Balance	506	444	506	444	511
Allowance for credit losses: Ending balance: collectively evaluated for impairment	506	444	506	444	511
Loans receivable	67,122	59,978	67,122	59,978	67,767
Loans Receivable: Ending balance: collectively evaluated for impairment	67,122	59,978	67,122	59,978	67,767
Commercial - Other Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning balance	50	33	51	21	21
Provisions	(1)	2	(2)	14	30
Allowance for credit losses, Ending Balance	49	35	49	35	51
Allowance for credit losses: Ending balance: collectively evaluated for impairment	49	35	49	35	51
Loans receivable	9,927	7,604	9,927	7,604	10,142
Loans Receivable: Ending balance: collectively evaluated for impairment	9,927	7,604	9,927	7,604	10,142
Consumer - Home Equity Lines of Credit [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning balance	125	101	130	122	122
Charge-offs		(62)		(62)	(62)
Recoveries	1		1		1
Provisions	(7)	88	(12)	67	69
Allowance for credit losses, Ending Balance	119	127	119	127	130
Allowance for credit losses: Ending balance: collectively evaluated for impairment	119	127	119	127	130
Loans receivable	15,936	18,441	15,936	18,441	17,128
Loans receivable: Ending balance: individually evaluated for impairment	24	29	24	29	26
Loans Receivable: Ending balance: collectively evaluated for impairment	15,912	18,412	15,912	18,412	17,102
Consumer - Second Mortgages Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning balance	179	235	196	267	267
Charge-offs		(1)		(3)	(3)
Recoveries	48	6	98	12	88
Provisions	(113)	(28)	(180)	(64)	(156)
Allowance for credit losses, Ending Balance	114	212	114	212	196
Allowance for credit losses: Ending balance: individually evaluated for impairment	38	90	38	90	81
Allowance for credit losses: Ending balance: collectively evaluated for impairment	76	122	76	122	115
Loans receivable	8,114	12,393	8,114	12,393	10,711
Loans receivable: Ending balance: individually evaluated for impairment	352	841	352	841	882
Loans Receivable: Ending balance: collectively evaluated for impairment	7,762	11,552	7,762	11,552	9,829
Consumer - Other Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning balance	25	23	29	23	23
Charge-offs			(1)		(1)
Recoveries	1	1	1	1	2
Provisions	(1)	(3)	(4)	(3)	5
Allowance for credit losses, Ending Balance	25	21	25	21	29
Allowance for credit losses: Ending balance: collectively evaluated for impairment	25	21	25	21	29
Loans receivable	2,650	2,112	2,650	2,112	2,851
Loans Receivable: Ending balance: collectively evaluated for impairment	2,650	2,112	2,650	2,112	2,851
Unallocated [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning balance	1,088	793	54	819	819
Provisions	(253)	(786)	781	(812)	(765)
Allowance for credit losses, Ending Balance	835	7	835	7	54
Allowance for credit losses: Ending balance: collectively evaluated for impairment	$ 835	$ 7	$ 835	$ 7	$ 54

Loans Receivable and Related _5

Loans Receivable and Related Allowance for Loan Losses (Narrative) (Detail)	3 Months Ended		6 Months Ended		12 Months Ended
	Mar. 31, 2021USD ($)Number	Mar. 31, 2020USD ($)Number	Mar. 31, 2021USD ($)Number	Mar. 31, 2020USD ($)	Sep. 30, 2020USD ($)Number
Financing Receivable, Impaired [Line Items]
Impaired loans with no specific allowance	$ 25,882,000		$ 25,882,000		$ 29,445,000
Non-accrual loans interest income	407,000	$ 3,000	545,000	$ 4,000
Loans past due 90 days or more and still accruing interest	765,000		$ 765,000		$ 58,000
Number of loans | Number			28		26
Financing receivable, collateral dependent TDR loan	$ 24,227,000		$ 24,227,000		$ 21,687,000
Number of loans | Number	0	0	12		43
Aggregate principal balance	$ 62,400,000		$ 62,400,000		$ 144,800,000
Pass [Member]
Financing Receivable, Impaired [Line Items]
Aggregate principal balance	14,200,000		14,200,000
Special Mention [Member]
Financing Receivable, Impaired [Line Items]
Aggregate principal balance	48,200,000		48,200,000
Commercial Farmland [Member]
Financing Receivable, Impaired [Line Items]
Impaired loans with no specific allowance	2,266,000		$ 2,266,000
Number of loans | Number			1
Financing receivable, collateral dependent TDR loan	2,266,000		$ 2,266,000
Number of loans | Number					1
Removal of Commercial Real Estate Loan One [Member]
Financing Receivable, Impaired [Line Items]
Impaired loans with no specific allowance	6,500,000		6,500,000
Commercial Real Estate Loan Two [Member]
Financing Receivable, Impaired [Line Items]
Impaired loans with no specific allowance	539,000		539,000
Construction and Development - Residential and Commercial Receivables [Member]
Financing Receivable, Impaired [Line Items]
Real estate through foreclosure	$ 431,000		$ 431,000		$ 175,000

Loans Receivable and Related _6

Loans Receivable and Related Allowance for Loan Losses (2) (Detail) - USD ($)	Mar. 31, 2021	Sep. 30, 2020
Financing Receivable, Impaired [Line Items]
Impaired Loans With Specific Allowance, Recorded Investment	$ 19,818,000	$ 777,000
Impaired Loans With Specific Allowance, Related Allowance	1,514,000	308,000
Impaired Loans With No Specific Allowance, Recorded Investment	25,882,000	29,445,000
Total Impaired Loans Recorded Investment	45,700,000	30,222,000
Total Impaired Loans Unpaid Principal Balance	51,997,000	41,522,000
Commercial and Industrial [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans With No Specific Allowance, Recorded Investment	549,000
Total Impaired Loans Recorded Investment	549,000
Total Impaired Loans Unpaid Principal Balance	549,000
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans With No Specific Allowance, Recorded Investment	3,671,000	3,388,000
Total Impaired Loans Recorded Investment	3,671,000	3,388,000
Total Impaired Loans Unpaid Principal Balance	3,945,000	3,598,000
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans With Specific Allowance, Recorded Investment	19,713,000	676,000
Impaired Loans With Specific Allowance, Related Allowance	1,476,000	227,000
Impaired Loans With No Specific Allowance, Recorded Investment	19,125,000	25,250,000
Total Impaired Loans Recorded Investment	38,838,000	25,926,000
Total Impaired Loans Unpaid Principal Balance	44,804,000	36,945,000
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans With No Specific Allowance, Recorded Investment	24,000	26,000
Total Impaired Loans Recorded Investment	24,000	26,000
Total Impaired Loans Unpaid Principal Balance	28,000	30,000
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans With Specific Allowance, Recorded Investment	105,000	101,000
Impaired Loans With Specific Allowance, Related Allowance	38,000	81,000
Impaired Loans With No Specific Allowance, Recorded Investment	247,000	781,000
Total Impaired Loans Recorded Investment	352,000	882,000
Total Impaired Loans Unpaid Principal Balance	405,000	$ 949,000
Commercial Farmland [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans With No Specific Allowance, Recorded Investment	2,266,000
Total Impaired Loans Recorded Investment	2,266,000
Total Impaired Loans Unpaid Principal Balance	$ 2,266,000

Loans Receivable and Related _7

Loans Receivable and Related Allowance for Loan Losses (3) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	$ 41,150	$ 15,611	$ 35,989	$ 14,551
Interest Income Recognized on Impaired Loans	190	33	313	79
Commercial and Industrial [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	549		365
Interest Income Recognized on Impaired Loans	5		7
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	3,383	3,481	3,434	3,507
Interest Income Recognized on Impaired Loans	19	25	34	47
Commercial Farmland [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	2,278		1,516
Interest Income Recognized on Impaired Loans	19		19
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	34,226	11,222	29,930	10,153
Interest Income Recognized on Impaired Loans	145	5	250	20
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	56	29	65	29
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	658	879	679	862
Interest Income Recognized on Impaired Loans	$ 2	$ 3	$ 3	$ 12

Loans Receivable and Related _8

Loans Receivable and Related Allowance for Loan Losses (4) (Detail) - USD ($) $ in Thousands	Mar. 31, 2021	Sep. 30, 2020	Mar. 31, 2020
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	$ 986,428	$ 1,039,001	$ 1,012,631
Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	875,534	945,002
Special Mention [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	58,612	62,818
Substandard [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	52,282	31,181
Commercial and Industrial [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	94,706	116,584	96,574
Commercial and Industrial [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	87,888	110,099
Commercial and Industrial [Member] | Special Mention [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross		6,368
Commercial and Industrial [Member] | Substandard [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	6,818	117
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	218,165	242,090	240,633
Residential Mortgage [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	214,982	238,610
Residential Mortgage [Member] | Substandard [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	3,183	3,480
Construction and Development - Residential and Commercial Receivables [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	76,257	65,703	52,313
Construction and Development - Residential and Commercial Receivables [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	76,257	65,703
Construction and Development - Land Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	3,596	3,110	3,579
Construction and Development - Land Receivable [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	3,596	3,110
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	482,611	495,398	511,467
Commercial Real Estate [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	395,045	422,143
Commercial Real Estate [Member] | Special Mention [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	48,758	46,892
Commercial Real Estate [Member] | Substandard [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	38,808	26,363
Commercial Farmland [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	7,344	7,517	7,537
Commercial Farmland [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	4,676	7,517
Commercial Farmland [Member] | Special Mention [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	402
Commercial Farmland [Member] | Substandard [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	2,266
Commercial Multi Family Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	67,122	67,767	59,978
Commercial Multi Family Receivable [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	57,742	58,285
Commercial Multi Family Receivable [Member] | Special Mention [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	9,380	9,482
Commercial - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	9,927	10,142	7,604
Commercial - Other Receivable [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	9,927	10,142
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	15,936	17,128	18,441
Consumer - Home Equity Lines of Credit [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	15,829	16,969
Consumer - Home Equity Lines of Credit [Member] | Substandard [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	107	159
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	8,114	10,711	12,393
Consumer - Second Mortgages Receivable [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	6,942	9,573
Consumer - Second Mortgages Receivable [Member] | Special Mention [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	72	76
Consumer - Second Mortgages Receivable [Member] | Substandard [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	1,100	1,062
Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	2,650	2,851	$ 2,112
Consumer - Other Receivable [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	$ 2,650	$ 2,851

Loans Receivable and Related _9

Loans Receivable and Related Allowance for Loan Losses (5) (Detail) - USD ($) $ in Thousands	Mar. 31, 2021	Sep. 30, 2020
Financing Receivable, Impaired [Line Items]
Total non-accrual loans	$ 22,281	$ 16,730
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Total non-accrual loans	1,608	2,036
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Total non-accrual loans	20,350	14,414
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Total non-accrual loans	24	26
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total non-accrual loans	$ 299	$ 254

Loans Receivable and Related_10

Loans Receivable and Related Allowance for Loan Losses (6) (Detail) - USD ($) $ in Thousands	Mar. 31, 2021	Sep. 30, 2020	Mar. 31, 2020
Financing Receivable, Impaired [Line Items]
Current	$ 973,465	$ 1,035,788
Past Due	12,963	3,213
Total Loans Receivable	986,428	1,039,001	$ 1,012,631
Accruing 90 Days or More Past Due	765	58
30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	3,892	225
60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due		728
Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	9,071	2,260
Commercial and Industrial [Member]
Financing Receivable, Impaired [Line Items]
Current	91,752	116,584
Past Due	2,954
Total Loans Receivable	94,706	116,584	96,574
Commercial and Industrial [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	2,954
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Current	216,530	239,623
Past Due	1,635	2,467
Total Loans Receivable	218,165	242,090	240,633
Accruing 90 Days or More Past Due	199
Residential Mortgage [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	713	68
Residential Mortgage [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due		694
Residential Mortgage [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	922	1,705
Construction and Development - Residential and Commercial Receivables [Member]
Financing Receivable, Impaired [Line Items]
Current	76,257	65,703
Total Loans Receivable	76,257	65,703	52,313
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Current	474,438	495,087
Past Due	8,173	311
Total Loans Receivable	482,611	495,398	511,467
Accruing 90 Days or More Past Due	510
Commercial Real Estate [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	212
Commercial Real Estate [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	7,961	311
Commercial Farmland [Member]
Financing Receivable, Impaired [Line Items]
Current	7,344	7,517
Total Loans Receivable	7,344	7,517	7,537
Commercial Multi Family Receivable [Member]
Financing Receivable, Impaired [Line Items]
Current	67,122	67,767
Total Loans Receivable	67,122	67,767	59,978
Commercial - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Current	9,927	10,142
Total Loans Receivable	9,927	10,142	7,604
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Current	15,936	17,080
Past Due		48
Total Loans Receivable	15,936	17,128	18,441
Accruing 90 Days or More Past Due		48
Consumer - Home Equity Lines of Credit [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due		48
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Current	7,913	10,325
Past Due	201	386
Total Loans Receivable	8,114	10,711	12,393
Accruing 90 Days or More Past Due	56	10
Consumer - Second Mortgages Receivable [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	13	157
Consumer - Second Mortgages Receivable [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due		33
Consumer - Second Mortgages Receivable [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	188	196
Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Current	2,650	2,850
Past Due		1
Total Loans Receivable	2,650	2,851	2,112
Consumer - Other Receivable [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due		1
Construction and Development - Land Receivable [Member]
Financing Receivable, Impaired [Line Items]
Current	3,596	3,110
Total Loans Receivable	$ 3,596	$ 3,110	$ 3,579

Loans Receivable and Related_11

Loans Receivable and Related Allowance for Loan Losses (7) (Detail) $ in Thousands	6 Months Ended	12 Months Ended
	Mar. 31, 2021USD ($)Number	Sep. 30, 2020USD ($)Number
Financing Receivable, Impaired [Line Items]
Total Troubled Debt Restructurings, Number of Loans | Number	28	26
Total Troubled Debt Restructurings, Recorded Investment | $	$ 24,227	$ 21,687
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Number of Loans | Number	7	8
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Recorded Investment | $	$ 1,530	$ 8,269
Commercial and Industrial [Member]
Financing Receivable, Impaired [Line Items]
Total Troubled Debt Restructurings, Number of Loans | Number	1
Total Troubled Debt Restructurings, Recorded Investment | $	$ 549
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Total Troubled Debt Restructurings, Number of Loans | Number	17	17
Total Troubled Debt Restructurings, Recorded Investment | $	$ 3,313	$ 3,435
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Number of Loans | Number	7	7
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Recorded Investment | $	$ 1,530	$ 1,617
Commercial Farmland [Member]
Financing Receivable, Impaired [Line Items]
Total Troubled Debt Restructurings, Number of Loans | Number	1
Total Troubled Debt Restructurings, Recorded Investment | $	$ 2,266
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Total Troubled Debt Restructurings, Number of Loans | Number	5	5
Total Troubled Debt Restructurings, Recorded Investment | $	$ 17,948	$ 18,091
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 | $		$ 6,652
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 | $	$ 151	$ 161

Loans Receivable and Related_12

Loans Receivable and Related Allowance for Loan Losses (8) (Detail) - USD ($) $ in Thousands	Mar. 31, 2021	Sep. 30, 2020
Recorded Investment	$ 24,227	$ 21,687
Performing Financing Receivable [Member]
Recorded Investment	22,697	13,418
Nonperforming Financing Receivable [Member]
Recorded Investment	1,530	8,269
Commercial and Industrial [Member]
Recorded Investment	549
Commercial and Industrial [Member] | Performing Financing Receivable [Member]
Recorded Investment	549
Residential Mortgage [Member]
Recorded Investment	3,313	3,435
Residential Mortgage [Member] | Performing Financing Receivable [Member]
Recorded Investment	1,783	1,818
Residential Mortgage [Member] | Nonperforming Financing Receivable [Member]
Recorded Investment	1,530	1,617
Commercial Farmland [Member]
Recorded Investment	2,266
Commercial Farmland [Member] | Performing Financing Receivable [Member]
Recorded Investment	2,266
Commercial Real Estate [Member]
Recorded Investment	17,948	18,091
Commercial Real Estate [Member] | Performing Financing Receivable [Member]
Recorded Investment	17,948	11,439
Commercial Real Estate [Member] | Nonperforming Financing Receivable [Member]
Recorded Investment		6,652
Consumer - Second Mortgages Receivable [Member]
Recorded Investment	151	161
Consumer - Second Mortgages Receivable [Member] | Performing Financing Receivable [Member]
Recorded Investment	$ 151	$ 161

Loans Receivable and Related_13

Loans Receivable and Related Allowance for Loan Losses (9) (Detail) $ in Thousands	6 Months Ended
	Mar. 31, 2021USD ($)Number	Mar. 31, 2020USD ($)Number
Financing Receivable, Impaired [Line Items]
Number of Contracts | Number	2	2
Pre-Modifications Outstanding Recorded Investment	$ 2,836	$ 502
Post-Modification Outstanding Recorded Investment	$ 2,836	$ 500
Commercial and Industrial [Member]
Financing Receivable, Impaired [Line Items]
Number of Contracts | Number	1
Pre-Modifications Outstanding Recorded Investment	$ 549
Post-Modification Outstanding Recorded Investment	$ 549
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Number of Contracts | Number		1
Pre-Modifications Outstanding Recorded Investment		$ 207
Post-Modification Outstanding Recorded Investment		$ 207
Commercial Farmland [Member]
Financing Receivable, Impaired [Line Items]
Number of Contracts | Number	1
Pre-Modifications Outstanding Recorded Investment	$ 2,287
Post-Modification Outstanding Recorded Investment	$ 2,287
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Number of Contracts | Number		1
Pre-Modifications Outstanding Recorded Investment		$ 295
Post-Modification Outstanding Recorded Investment		$ 293

Loans Receivable and Related_14

Loans Receivable and Related Allowance for Loan Losses (10) (Detail) $ in Thousands	3 Months Ended		6 Months Ended	12 Months Ended
	Mar. 31, 2021USD ($)Number	Mar. 31, 2020Number	Mar. 31, 2021USD ($)Number	Sep. 30, 2020USD ($)Number
Financing Receivable, Impaired [Line Items]
Number of Loans | Number	0	0	12	43
Loan Deferment Exposure	$ 62,398		$ 62,398	$ 144,785
Gross Loans	$ 986,428		$ 986,428	$ 1,039,001
Percentage of Gross Loans on Deferral	6.33%		6.33%	13.94%
Commercial and Industrial [Member]
Financing Receivable, Impaired [Line Items]
Number of Loans | Number			2	10
Loan Deferment Exposure	$ 212		$ 212	$ 5,547
Gross Loans	$ 94,706		$ 94,706	$ 116,584
Percentage of Gross Loans on Deferral	0.02%		0.02%	0.53%
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Number of Loans | Number			1	5
Loan Deferment Exposure	$ 240		$ 240	$ 1,288
Gross Loans	$ 218,165		$ 218,165	$ 242,090
Percentage of Gross Loans on Deferral	0.02%		0.02%	0.12%
Construction and Development - Residential and Commercial Receivables [Member]
Financing Receivable, Impaired [Line Items]
Gross Loans	$ 76,257		$ 76,257	$ 65,703
Percentage of Gross Loans on Deferral	0.00%		0.00%	0.00%
Construction and Development - Land Receivable [Member]
Financing Receivable, Impaired [Line Items]
Gross Loans	$ 3,596		$ 3,596	$ 3,110
Percentage of Gross Loans on Deferral	0.00%		0.00%	0.00%
Construction And Development Receivable [Member]
Financing Receivable, Impaired [Line Items]
Gross Loans	$ 79,853		$ 79,853	$ 68,813
Percentage of Gross Loans on Deferral	0.00%		0.00%	0.00%
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Number of Loans | Number			7	21
Loan Deferment Exposure	$ 61,858		$ 61,858	$ 131,348
Gross Loans	$ 482,611		$ 482,611	$ 495,398
Percentage of Gross Loans on Deferral	6.28%		6.28%	12.64%
Commercial Farmland [Member]
Financing Receivable, Impaired [Line Items]
Number of Loans | Number				1
Loan Deferment Exposure				$ 2,288
Gross Loans	$ 7,344		$ 7,344	$ 7,517
Percentage of Gross Loans on Deferral	0.00%		0.00%	0.22%
Commercial Multi Family Receivable [Member]
Financing Receivable, Impaired [Line Items]
Number of Loans | Number				2
Loan Deferment Exposure				$ 3,718
Gross Loans	$ 67,122		$ 67,122	$ 67,767
Percentage of Gross Loans on Deferral	0.00%		0.00%	0.36%
Commercial - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Gross Loans	$ 9,927		$ 9,927	$ 10,142
Percentage of Gross Loans on Deferral	0.00%		0.00%	0.00%
Commercial [Member]
Financing Receivable, Impaired [Line Items]
Number of Loans | Number			9	34
Loan Deferment Exposure	$ 62,070		$ 62,070	$ 142,901
Gross Loans	$ 661,710		$ 661,710	$ 697,408
Percentage of Gross Loans on Deferral	6.30%		6.30%	13.75%
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Number of Loans | Number				3
Loan Deferment Exposure				$ 579
Gross Loans	$ 15,936		$ 15,936	$ 17,128
Percentage of Gross Loans on Deferral	0.00%		0.00%	0.06%
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Number of Loans | Number			2	1
Loan Deferment Exposure	$ 88		$ 88	$ 17
Gross Loans	$ 8,114		$ 8,114	$ 10,711
Percentage of Gross Loans on Deferral	0.01%		0.01%	0.00%
Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Gross Loans	$ 2,650		$ 2,650	$ 2,851
Percentage of Gross Loans on Deferral	0.00%		0.00%	0.00%
Consumer Receivable [Member]
Financing Receivable, Impaired [Line Items]
Number of Loans | Number			2	4
Loan Deferment Exposure	$ 88		$ 88	$ 596
Gross Loans	$ 26,700		$ 26,700	$ 30,690
Percentage of Gross Loans on Deferral	0.01%		0.01%	0.06%

Regulatory Matters (Narrative)

Regulatory Matters (Narrative) (Detail) - Malvern Federal Savings Bank [Member]	Mar. 31, 2021	Sep. 30, 2020	Jan. 01, 2019	Jan. 01, 2016	Jan. 01, 2015	Dec. 31, 2014
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		8.5	6
Tier 1 Capital conservation buffer			2.50%
Total capital ratio	17.45	16.64		10.5
Capital conservation buffer percentage of risk-weighted assets				0.625%

Regulatory Matters (Detail)

Regulatory Matters (Detail) $ in Thousands	Mar. 31, 2021USD ($)	Sep. 30, 2020USD ($)	Jan. 01, 2016	Jan. 01, 2015
Parent Company [Member]
Capital (to adjusted tangible assets): Actual Amount	$ 146,396	$ 141,681
Common equity Tier 1(to risk-weighted assets): Actual Amount	146,396	141,681
Tier 1 Capital (to risk-weighted assets): Actual Amount	146,396	141,681
Total Capital (to risk-weighted assets): Actual Amount	$ 183,711	$ 178,972
Capital (to adjusted tangible assets): Actual Ratio	11.96	11.63
Common equity Tier 1(to risk-weighted assets): Actual Ratio	14.69	14
Tier 1 Capital (to risk-weighted assets): Actual Ratio	14.69	14
Total Capital (to risk-weighted assets): Actual Ratio	18.43	17.69
Capital (to adjusted tangible assets): For Capital Adequacy Purposes Amount	$ 48,955	$ 48,473
Common Equity Tier 1 Capital (to risk weighted assets)	44,845	45,528
Tier 1 Capital (to risk weighted assets)	59,793	60,704
Total Capital (to risk weighted assets)	$ 79,724	$ 80,939
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
Malvern Federal Savings Bank [Member]
Capital (to adjusted tangible assets): Actual Amount	$ 161,106	$ 155,575
Common equity Tier 1(to risk-weighted assets): Actual Amount	161,106	155,575
Tier 1 Capital (to risk-weighted assets): Actual Amount	161,106	155,575
Total Capital (to risk-weighted assets): Actual Amount	$ 173,543	$ 168,090
Capital (to adjusted tangible assets): Actual Ratio	13.18	12.78
Common equity Tier 1(to risk-weighted assets): Actual Ratio	16.20	15.40
Tier 1 Capital (to risk-weighted assets): Actual Ratio	16.20	15.40
Total Capital (to risk-weighted assets): Actual Ratio	17.45	16.64	10.5
Capital (to adjusted tangible assets): For Capital Adequacy Purposes Amount	$ 48,896	$ 48,685
Common Equity Tier 1 Capital (to risk weighted assets)	44,762	45,459
Tier 1 Capital (to risk weighted assets)	59,683	60,612
Total Capital (to risk weighted assets)	$ 79,577	$ 80,816
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	$ 61,120	$ 60,856
Common Equity Tier 1 Capital (to risk weighted assets)	64,657	65,663
Tier 1 Capital (to risk weighted assets)	79,577	80,816
Total Capital (to risk weighted assets)	$ 99,472	$ 101,020
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 ($)	6 Months Ended
	Mar. 31, 2021	Sep. 30, 2020
Derivative [Line Items]
Minimum collateral posting thresholds with derivative counterparties	$ 7,900,000	$ 12,900,000
Interest Rate Swap [Member]
Derivative [Line Items]
Estimated interest expense	$ 564,000

Derivatives and Hedging Activ_4

Derivatives and Hedging Activities (Detail) - Interest Rate Swap Agreements [Member] - USD ($) $ in Thousands	Mar. 31, 2021	Sep. 30, 2020
Designated as Hedging Instrument [Member] | Other Liabilities [Member]
Notional Amount, Liability Derivatives	$ 70,000	$ 90,000
Fair Value	451	1,291
Derivatives Not Designated As Hedging Instrument [Member] | Other Assets [Member]
Notional Amount, Asset Derivatives	44,958	45,162
Fair Value	3,914	8,752
Derivatives Not Designated As Hedging Instrument [Member] | Other Liabilities [Member]
Notional Amount, Liability Derivatives	44,958	45,162
Fair Value	$ 3,916	$ 8,756

Derivatives and Hedging Activ_5

Derivatives and Hedging Activities - Schedule of Offsetting of Derivative Assets and Liabilities (Detail) - USD ($) $ in Thousands	Mar. 31, 2021	Sep. 30, 2020
Offsetting of Derivative Assets
Gross Amounts of Recognized Assets	$ 3,914	$ 8,752
Net Amounts of Assets presented in the Statement of Financial Condition	3,914	8,752
Gross Amounts Not Offset in the Statements of Financial Condition, Net Amount	3,914	8,752
Offsetting of Derivative Liabilities
Gross Amounts of Recognized Liabilities	4,367	10,047
Net Amounts of Liabilities presented in the Statement of Financial Condition	4,367	10,047
Gross Amounts Not Offset in the Statements of Financial Condition, Financial Instruments	623	1,498
Gross Amounts Not Offset in the Statements of Financial Condition, Cash Collateral Posted	7,857	12,857
Gross Amounts Not Offset in the Statements of Financial Condition, Net Amount	$ (4,113)	$ (4,308)

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		6 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Derivative [Line Items]
Amount of Gain (Loss) Recognized in OCI on Derivative	$ 322	$ (730)	$ 314	$ (653)
Amount of Loss Reclassified from OCI to Interest Expense	(243)	(47)	(523)	(61)
Interest Rate Swap Agreements [Member]
Derivative [Line Items]
Amount of Gain (Loss) Recognized in OCI on Derivative	322	(730)	314	(653)
Amount of Loss Reclassified from OCI to Interest Expense	$ (243)	$ (47)	$ (523)	$ (61)

Derivatives and Hedging Activ_7

Derivatives and Hedging Activities - Schedule of Effects of Derivative Instruments on Consolidated Statements of Operations (Detail) - Derivatives Not Designated As Hedging Instrument [Member] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Amount of Gain Recognized in Income on derivatives	$ 2	$ (3)	$ 3	$ (6)
Interest Rate Swap Agreements [Member] | Other Income [Member]
Amount of Gain Recognized in Income on derivatives	$ 2	$ (3)	$ 3	$ (6)

Fair Value Measurements (Detail

Fair Value Measurements (Detail) - USD ($) $ in Thousands	Mar. 31, 2021	Sep. 30, 2020
Assets
Investment securities available for sale, at fair value	$ 28,899	$ 31,541
Derivative instruments	3,914	8,752
Liabilities
Derivative instruments	4,367	10,047
U. S. Government Agencies [Member]
Assets
Investment securities available for sale, at fair value	4,924	5,040
State And Municipal Obligations [Member]
Assets
Investment securities available for sale, at fair value	2,678	3,105
Single Issuer Trust Preferred Security [Member]
Assets
Investment securities available for sale, at fair value	876	925
Corporate Debt Securities [Member]
Assets
Investment securities available for sale, at fair value	18,919	20,948
Mutual Funds [Member]
Assets
Investment securities available for sale, at fair value	1,502	1,523
Fair Value, Measurements, Recurring [Member]
Assets
Investment securities available for sale, at fair value	28,899	31,541
Derivative instruments	3,914	8,752
Liabilities
Derivative instruments	4,367	10,047
Fair Value, Measurements, Recurring [Member] | U. S. Government Agencies [Member]
Assets
Investment securities available for sale, at fair value	4,924	5,040
Fair Value, Measurements, Recurring [Member] | State And Municipal Obligations [Member]
Assets
Investment securities available for sale, at fair value	2,678	3,105
Fair Value, Measurements, Recurring [Member] | Single Issuer Trust Preferred Security [Member]
Assets
Investment securities available for sale, at fair value	876	925
Fair Value, Measurements, Recurring [Member] | Corporate Debt Securities [Member]
Assets
Investment securities available for sale, at fair value	18,919	20,948
Fair Value, Measurements, Recurring [Member] | Mutual Funds [Member]
Assets
Investment securities available for sale, at fair value	1,502	1,523
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Assets
Investment securities available for sale, at fair value	1,002	1,023
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Mutual Funds [Member]
Assets
Investment securities available for sale, at fair value	1,002	1,023
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Assets
Investment securities available for sale, at fair value	27,397	30,018
Derivative instruments	3,914	8,752
Liabilities
Derivative instruments	4,367	10,047
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	4,924	5,040
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	2,678	3,105
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	876	925
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Corporate Debt Securities [Member]
Assets
Investment securities available for sale, at fair value	18,919	20,948
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Assets
Investment securities available for sale, at fair value	500	500
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Mutual Funds [Member]
Assets
Investment securities available for sale, at fair value	$ 500	$ 500

Fair Value Measurements (1) (De

Fair Value Measurements (1) (Detail) - Fair Value, Inputs, Level 3 [Member] - USD ($) $ in Thousands	6 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Beginning balance	$ 500	$ 250
Purchases		250
Ending balance	$ 500	$ 500

Fair Value Measurements (2) (De

Fair Value Measurements (2) (Detail) $ in Thousands	Mar. 31, 2021USD ($)	Sep. 30, 2020USD ($)
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
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	0.014
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		0.020
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		0.20
Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value, nonrecurring basis	$ 31,552	$ 13,716
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	25,756	7,920
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	31,552	13,716
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	$ 25,756	$ 7,920

Fair Value Measurements (Narrat

Fair Value Measurements (Narrative) (Detail) - USD ($)	Mar. 31, 2021	Sep. 30, 2020
Fair Value Disclosures [Abstract]
Impaired Loans with aggregate balance	$ 27,300,000	$ 8,200,000
Impaired Loans with specific loan loss allowance	$ 1,514,000	$ 308,000

Fair Value Measurements (3) (De

Fair Value Measurements (3) (Detail) - USD ($) $ in Thousands	Mar. 31, 2021	Sep. 30, 2020
Financial assets:
Investment securities available-for-sale	$ 28,899	$ 31,541
Investment securities held-to-maturity	26,367	15,608
Derivatives (included in Other Assets)	3,914	8,752
Financial liabilities:
Derivatives (included in Other Liabilities)	4,367	10,047
Carrying Amount [Member]
Financial assets:
Cash and cash equivalents	108,914	61,439
Investment securities available-for-sale	28,899	31,541
Investment securities held-to-maturity	25,834	14,970
Loans receivable, net (including impaired loans)	974,596	1,031,392
Accrued interest receivable	3,598	3,677
Restricted stock	8,891	9,622
Mortgage servicing rights (included in Other Assets)	96	111
Derivatives (included in Other Assets)	3,914	8,752
Financial liabilities:
Savings accounts	49,601	45,072
Checking and NOW accounts	368,075	354,104
Money market accounts	338,100	277,711
Certificates of deposit	156,437	214,019
Borrowings (excluding sub debt)	110,000	134,225
Subordinated debt	24,855	24,776
Derivatives (included in Other Liabilities)	4,367	10,047
Accrued interest payable	648	728
Fair Value [Member]
Financial assets:
Cash and cash equivalents	108,914	61,439
Investment securities available-for-sale	28,899	31,541
Investment securities held-to-maturity	26,367	15,608
Loans receivable, net (including impaired loans)	974,707	1,039,981
Accrued interest receivable	3,598	3,677
Restricted stock	8,891	9,622
Mortgage servicing rights (included in Other Assets)	96	111
Derivatives (included in Other Assets)	3,914	8,752
Financial liabilities:
Savings accounts	49,601	45,072
Checking and NOW accounts	368,075	354,104
Money market accounts	338,100	277,711
Certificates of deposit	158,572	217,212
Borrowings (excluding sub debt)	110,568	135,101
Subordinated debt	25,029	25,030
Derivatives (included in Other Liabilities)	8,509	10,047
Accrued interest payable	1,078	728
Fair Value, Inputs, Level 1 [Member] | Fair Value [Member]
Financial assets:
Cash and cash equivalents	108,914	61,439
Investment securities available-for-sale	1,002	1,023
Fair Value, Inputs, Level 2 [Member] | Fair Value [Member]
Financial assets:
Investment securities available-for-sale	27,397	30,018
Investment securities held-to-maturity	26,367	15,608
Accrued interest receivable	3,598	3,677
Restricted stock	8,891	9,622
Mortgage servicing rights (included in Other Assets)	96	111
Derivatives (included in Other Assets)	3,914	8,752
Financial liabilities:
Savings accounts	49,601	45,072
Checking and NOW accounts	368,075	354,104
Money market accounts	338,100	277,711
Certificates of deposit	158,572	217,212
Borrowings (excluding sub debt)	110,568	135,101
Subordinated debt	25,029	25,030
Derivatives (included in Other Liabilities)	8,509	10,047
Accrued interest payable	1,078	728
Fair Value, Inputs, Level 3 [Member] | Fair Value [Member]
Financial assets:
Investment securities available-for-sale	500	500
Loans receivable, net (including impaired loans)	$ 974,707	$ 1,039,981

Comprehensive Income (Loss) (De

Comprehensive Income (Loss) (Detail) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Mar. 31, 2021	Sep. 30, 2020
Equity [Abstract]
Net unrealized holding losses on available-for-sale securities	$ (265)	$ (118)
Tax effect	56	25
Net of tax amount	(209)	(93)
Fair value adjustments on derivatives	(424)	(1,260)
Tax effect	89	265
Net of tax amount	(335)	(995)
Total accumulated other comprehensive loss	$ (544)	$ (1,088)

Comprehensive Income (Loss) (1)

Comprehensive Income (Loss) (1) (Detail) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Equity [Abstract]
Unrealized holding gains on available-for-sale securities		$ 7	$ 62	$ 464	$ 133
Net realized gain on securities available-for-sale	[1]	(259)	(180)	(614)	(180)
Amortization of unrealized holding losses on securities transferred from available-for-sale to held-to-maturity	[2]	1	1	2	2
Adjustment for loss recorded on replacement of derivative		(2)		(4)
Fair value adjustments on derivatives		567	(682)	840	(591)
Other comprehensive income (loss) before taxes		314	(799)	688	(636)
Tax effect		(65)	168	(144)	134
Total other comprehensive income (loss)		$ 249	$ (631)	$ 544	$ (502)
[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		6 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted shares	0	7,000	0	7,000
Share-based compensation			$ 102,000	$ 78,000
Granted shares	0	16,357	0	18,121
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 annually in 20% increments beginning on the one year anniversary of the grant date
Granted shares	0	7,000	0	7,000
Share-based compensation	$ 8,000	$ 6,000	$ 16,000	$ 12,000
Compensation cost not yet recognized	69,000		$ 69,000
Weighted average period			2 years 9 months 25 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	$ 42,000	$ 40,000	$ 86,000	$ 66,000
Granted shares	0	16,357	0	18,121
Forfeited shares		1,610		1,610
Compensation cost not yet recognized	$ 457,000		$ 457,000
Weighted average period			3 years 2 months 4 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]	6 Months Ended
	Mar. 31, 2021$ / shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Weighted Average Fair Value of Awards	$ 4.72
Risk Free Rate	1.22%
Volatility	19.86%
Expected Life	6 years 6 months

Equity Based Incentive Compen_5

Equity Based Incentive Compensation Plan 1 (Detail) - $ / shares	3 Months Ended		6 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Granted	0	7,000	0	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			25,830
Granted	0	7,000	0	7,000
Outstanding, end of year	25,830		25,830
Exercisable at end of year	13,310		13,310
Nonvested at end of year	12,520		12,520
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward]
Outstanding, beginning of year			$ 21.57
Outstanding, end of year	$ 21.57		21.57
Exercisable at end of year	21.53		21.53
Nonvested at end of year	$ 21.61		$ 21.61
Share-based Compensation Arrangement by Share-based Payment Award, Options, Weighted Average Remaining Contractual Life [Roll Forward]
Outstanding, end of year			6 years 8 months 9 days
Exercisable at end of year			7 years 11 months 26 days

Equity Based Incentive Compen_6

Equity Based Incentive Compensation Plan 2 - Restricted Stock Awards (Detail) - $ / shares	3 Months Ended		6 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Granted	0	16,357	0	18,121
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			30,653
Granted	0	16,357	0	18,121
Vested			(7,978)
Forfeited/cancelled/expired		(1,610)		(1,610)
Outstanding, end of year	22,675		22,675
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			$ 21.98
Vested			21.92
Outstanding, end of year	$ 22		$ 22

Deposits (Detail)

Deposits (Detail) - USD ($) $ in Thousands	Mar. 31, 2021	Sep. 30, 2020
Deposits:
Savings	$ 49,601	$ 45,072
Money market accounts	338,100	277,711
Interest-bearing demand	313,865	303,682
Non-interest-bearing demand	54,210	50,422
Total deposits before certificates of deposit	755,776	676,887
Certificates of deposit	156,437	214,019
Total Deposits	$ 912,213	$ 890,906
Percentage of savings	5.44%	5.06%
Percentage of money market accounts	37.06%	31.17%
Percentage of interest bearing demand	34.41%	34.09%
Percentage of non-interest bearing demand	5.94%	5.66%
Percentage of total deposits before certificates of deposit	82.85%	75.98%
Percentage of certificates of deposit	17.15%	24.02%
Percentage of total deposits	100.00%	100.00%

Deposits (Narrative) (Detail)

Deposits (Narrative) (Detail) - USD ($) $ in Millions	Mar. 31, 2021	Sep. 30, 2020
Deposits:
Certificates of deposit greater than or equal to$250,000	$ 38	$ 48.4
Brokered deposits	$ 6.1	$ 31.1

Deposits 1 (Detail)

Deposits 1 (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Deposits:
Savings accounts	$ 16	$ 12	$ 34	$ 23
Money market accounts	676	1,121	1,467	2,219
Interest-bearing demand	478	1,078	1,026	2,259
Certificates of deposit	635	1,412	1,535	2,859
Total	$ 1,805	$ 3,623	$ 4,062	$ 7,360

Deposits (2) (Detail)

Deposits (2) (Detail) $ in Thousands	Mar. 31, 2021USD ($)
Deposits:
2021	$ 101,544
2022	21,165
2023	18,016
2024	7,858
2025	6,995
Thereafter	859
Total	$ 156,437

Deposits (3) (Detail)

Deposits (3) (Detail) $ in Thousands	Mar. 31, 2021USD ($)
Offsetting [Abstract]
Contract maturities of certificate of deposits in amount greater than $100,000, Three months or less	$ 45,216
Contract maturities of certificate of deposits in amount greater than $100,000, Over three through six months	7,780
Contract maturities of certificate of deposits in amount greater than $100,000, Over six through twelve months	15,262
Contract maturities of certificate of deposits in amount greater than $100,000, Over twelve months	28,232
Contract maturities of certificate of deposits in amount greater than $100,000, Total	$ 96,490

Leases (Narrative) (Detail)

Leases (Narrative) (Detail) $ in Thousands	6 Months Ended
	Mar. 31, 2021USD ($)FinancialCentreOfficeLease	Sep. 30, 2020USD ($)	Oct. 01, 2019USD ($)
Lessee Lease Description [Line Items]
Operating lease right-of-use assets | $	$ 2,322	$ 2,638
Operating lease liabilities | $	$ 2,357	$ 2,671
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
Glen Mills, Pennsylvania
Lessee Lease Description [Line Items]
Number of financial centers | FinancialCentre	1
Villanova, Pennsylvania | 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, Florida | Private Banking Office
Lessee Lease Description [Line Items]
Number of offices	1
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
ASU 2016-02 [Member]
Lessee Lease Description [Line Items]
Operating lease right-of-use assets | $			$ 3,300
Operating lease liabilities | $			$ 3,300
Change in Accounting Principle, Accounting Standards Update, Adoption Date	Oct. 1, 2019
Change in Accounting Principle, Accounting Standards Update, Adopted	true
Change in Accounting Principle, Accounting Standards Update, Immaterial Effect	false

Leases - Components of Lease Ex

Leases - Components of Lease Expense (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Leases [Abstract]
Operating lease cost	$ 169	$ 173	$ 340	$ 348
Short-term lease cost	25	28	47	53
Total	$ 194	$ 201	$ 387	$ 401

Leases - Schedule of Supplement

Leases - Schedule of Supplemental Information of Leases (Detail) - USD ($) $ in Thousands	6 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Sep. 30, 2020
Supplemental balance sheet information
Operating lease right-of-use assets	$ 2,322		$ 2,638
Operating lease liabilities	$ 2,357		$ 2,671
Weighted average remaining lease term	5 years 14 days
Weighted average discount rate	2.00%
Supplemental cash flow information
Operating cash flows from operating leases	$ 326
ROU assets obtained in exchange for lease obligations	$ 3,279	$ 3,279

Leases - Schedule of Maturities

Leases - Schedule of Maturities of Lease Liabilities (Detail) - USD ($) $ in Thousands	Mar. 31, 2021	Sep. 30, 2020
Leases [Abstract]
Remainder of 2021	$ 275
2022	492
2023	474
2024	474
2025	477
Thereafter	269
Total lease payments	2,461
Less: imputed interest	(104)
Total	$ 2,357	$ 2,671