Malvern Bancorp (MLVF) 10-K 10 Jan 22 2021 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
	Sep. 30, 2021	Dec. 03, 2021	Mar. 31, 2020
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Sep. 30, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Trading Symbol	MLVF
Entity Registrant Name	MALVERN BANCORP, INC.
Entity Central Index Key	0001550603
Current Fiscal Year End Date	--09-30
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Filer Category	Non-accelerated Filer
Entity Current Reporting Status	Yes
Entity Small Business	true
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	false
Entity Shell Company	false
Entity File Number	000-54835
Entity Tax Identification Number	45-5307782
Entity Address, Address Line One	42 E. 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
Entity Common Stock Shares Outstanding		7,622,316
Entity Public Float			$ 116.3
Entity Incorporation, State or Country Code	PA
Document Annual Report	true
Document Transition Report	false
Security Exchange Name	NASDAQ
Title of 12(b) Security	Common Stock, $.01 par value per share
Entity Interactive Data Current	Yes

Consolidated Statements of Fina

Consolidated Statements of Financial Condition - USD ($)	Sep. 30, 2021	Sep. 30, 2020
Assets
Cash and due from depository institutions	$ 99,670,000	$ 16,386,000
Interest bearing deposits in depository institutions	36,920,000	45,053,000
Cash and Cash Equivalents	136,590,000	61,439,000
Investment securities available for sale, at fair value (amortized cost of $40,756 and $30,135 at September 30, 2021 and 2020, respectively)	40,813,000	30,018,000
Equity Securities	1,500,000	1,523,000
Investment securities held to maturity, at cost (fair value of $28,913 and $15,608 at September 30, 2021 and 2020, respectively)	28,507,000	14,970,000
Restricted stock, at cost	7,776,000	9,622,000
Loans held-for-sale, at fair value (amortized cost of $33,199 at September 30, 2021)	33,199,000	0
Loans receivable, net of allowance for loan losses of $11,472 and $12,433 at September 30, 2021 and 2020, respectively	902,981,000	1,026,894,000
Other real estate owned	4,961,000	5,796,000
Accrued interest receivable	3,512,000	3,677,000
Operating lease right-of-use-assets	1,796,000	2,638,000
Property and equipment, net	5,777,000	6,274,000
Deferred income taxes, net	3,530,000	3,680,000
Bank-owned life insurance	26,056,000	25,400,000
Other assets	12,145,000	16,344,000
Total Assets	1,209,143,000	1,208,275,000
Deposits:
Deposits-noninterest-bearing	53,849,000	50,422,000
Deposits-interest-bearing	884,310,000	840,484,000
Total Deposits	938,159,000	890,906,000
FHLB advances	90,000,000	130,000,000
Secured borrowing		4,225,000
Subordinated debt	24,934,000	24,776,000
Advances from borrowers for taxes and insurance	1,022,000	1,741,000
Accrued interest payable	572,000	728,000
Operating lease liabilities	1,830,000	2,671,000
Other liabilities	10,458,000	12,635,000
Total Liabilities	1,066,975,000	1,067,682,000
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, 7,816,832 and 7,622,316 shares issued and outstanding, respectively, at September 30, 2021 and 7,804,469 and 7,609,953 shares issued and outstanding, respectively, at September 30, 2020	76,000	76,000
Additional paid-in-capital	85,524,000	85,127,000
Retained earnings	60,296,000	60,388,000
Unearned Employee Stock Ownership Plan (ESOP) shares	(901,000)	(1,047,000)
Accumulated other comprehensive income (loss)	36,000	(1,088,000)
Treasury stock, at cost: 194,516 shares at September 30, 2021 and September 30, 2020, respectively	(2,863,000)	(2,863,000)
Total Shareholders’ Equity	142,168,000	140,593,000
Total Liabilities and Shareholders’ Equity	$ 1,209,143,000	$ 1,208,275,000

Consolidated Statements of Fi_2

Consolidated Statements of Financial Condition (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2021	Sep. 30, 2020
Statement Of Financial Position [Abstract]
Investment securities available for sale, amortized cost	$ 40,756	$ 30,135
Investment securities held to maturity, fair value	28,913	15,608
Loans held-for-sale, amortized cost	33,199
Allowance for loan losses	$ 11,472	$ 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	7,816,832	7,804,469
Common stock, outstanding	7,622,316	7,609,953
Treasury stock, shares	194,516	194,516

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Interest and Dividend Income
Loans, including fees	$ 36,370	$ 41,441
Investment securities, taxable	1,449	1,048
Investment securities, tax-exempt	107	124
Dividends, restricted stock	459	631
Interest-bearing cash accounts	31	1,063
Total Interest and Dividend Income	38,416	44,307
Interest Expense
Deposits	6,748	12,846
Short-term borrowings	48
Long-term borrowings	2,029	2,898
Subordinated debt	1,531	1,531
Total Interest Expense	10,356	17,275
Net Interest Income	28,060	27,032
Provision for Loan Losses	11,176	10,610
Net Interest Income after Provision for Loan Losses	16,884	16,422
Other Income
Service charges and other fees	1,323	1,316
Rental income	217	217
Net gains on sale and call of available-for-sale securities	779	330
Net gains on sale of loans	788	116
Earnings on bank-owned life insurance	656	509
Total Other Income	3,763	2,488
Other Expense
Salaries and employee benefits	9,143	8,889
Occupancy expense	2,198	2,309
Federal deposit insurance premium	313	155
Advertising	109	119
Data processing	1,267	1,105
Professional fees	3,178	1,995
Other real estate owned expense, net	866	88
Pennsylvania shares tax	678	678
Other operating expenses	3,199	2,964
Total Other Expenses	20,951	18,302
Income (Loss) before income tax expense	(304)	608
Income tax benefit	(212)	(36)
Net Income (Loss)	$ (92)	$ 644
Earnings (loss) Per Common Share:
Basic	$ 0.01	$ 0.08
Diluted	$ 0.01	$ 0.08
Weighted Average Common Shares Outstanding
Basic	7,537,408	7,597,528
Diluted	7,538,116	7,597,726

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands		3 Months Ended								12 Months Ended
		Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2021	Sep. 30, 2020
Statement Of Income And Comprehensive Income [Abstract]
Net Income (Loss)		$ (6,190)	$ 1,601	$ 2,224	$ 2,273	$ (3,503)	$ 1,454	$ 1,908	$ 785	$ (92)	$ 644
Other Comprehensive Income (Loss), Net of Tax:
Unrealized holding gains on available-for-sale securities										950	320
Tax effect										(199)	(67)
Net of tax amount										751	253
Reclassification adjustment for net gains arising during the period	[1]									779	330
Tax effect										163	69
Net of tax amount										(616)	(261)
Adjustment for loss recorded on replacement of derivative										(9)	31
Amortization of unrealized holding losses on securities transferred from available-for-sale to held-to-maturity	[2]									4	3
Tax effect										(1)	(1)
Net of tax amount										3	2
Fair value adjustment on derivatives										1,258	(681)
Tax effect										(263)	137
Net of tax amount										995	(544)
Total other comprehensive income (loss)										1,124	(519)
Total comprehensive income										$ 1,032	$ 125
[1]	Amounts are included in net gains on sale and call of available-for-sale securities 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 - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Unearned ESOP Shares [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Treasury Stock [Member]
Balance at beginning at Sep. 30, 2019	$ 142,508	$ 78	$ 84,783	$ 59,744	$ (1,192)	$ (569)	$ (336)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss)	785
Balance at ending at Dec. 31, 2019	143,535
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 (Loss)	644			644
Other comprehensive income (loss)	(519)					(519)
Treasury stock activity	(2,529)	(2)					(2,527)
Committed to be released ESOP shares	236		91		145
Stock based compensation	253		253
Balance at ending at Sep. 30, 2020	140,593	76	85,127	60,388	(1,047)	(1,088)	(2,863)
Balance at beginning at Dec. 31, 2019	143,535
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss)	1,908
Balance at ending at Mar. 31, 2020	143,150
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss)	1,454
Balance at ending at Jun. 30, 2020	143,531
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss)	(3,503)
Balance at ending 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 (Loss)	2,273
Balance at ending at Dec. 31, 2020	143,266
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 (Loss)	(92)			(92)
Other comprehensive income (loss)	1,124					1,124
Committed to be released ESOP shares	248		102		146
Stock based compensation	295		295
Balance at ending at Sep. 30, 2021	142,168	76	85,524	60,296	(901)	36	(2,863)
Balance at beginning at Dec. 31, 2020	143,266
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss)	2,224
Balance at ending at Mar. 31, 2021	145,851
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss)	1,601
Balance at ending at Jun. 30, 2021	148,192
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss)	(6,190)
Balance at ending at Sep. 30, 2021	$ 142,168	$ 76	$ 85,524	$ 60,296	$ (901)	$ 36	$ (2,863)

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Shareholders' Equity (Parenthetical) - shares	12 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Statement Of Stockholders Equity [Abstract]
Committed to be released ESOP shares	14,400	14,400

Consolidated Statements of Cash

Consolidated Statements of Cash Flow - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Cash Flows from Operating Activities
Net Income (Loss)	$ (92)	$ 644
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation expense	630	745
Provision for Loan Losses	11,176	10,610
Deferred income taxes expense (benefit)	150	(840)
ESOP expense	248	236
Stock based compensation	223	253
Amortization of premiums and discounts on investment securities, net	184	215
Amortization of loan origination fees and costs	(304)	513
Amortization of mortgage service rights	28	67
Amortization of subordinated debt issuance costs	158	157
Net gain on sale and call of investment securities available for sale	(779)	(330)
Net loss on sale of fixed assets		4
Net gain on disposal of fixed assets		(45)
Net gain on sale of secondary market loans	(788)	(116)
Proceeds on sale of secondary market loans	21,910	5,231
Originations of secondary market loans	(21,122)	(5,115)
Valuation write down of other real estate owned	835
Earnings on bank-owned life insurance	(656)	(509)
Increase in accrued interest receivable	165	576
(Decrease) in accrued interest payable	(156)	(250)
Operating lease liability payments	(893)	(667)
Amortization of right of use asset	841
Change in fair value of equity securities	23
(Decrease) Increase in other liabilities	(360)	6,761
(Decrease) Increase in other assets	3,335	(6,414)
Net Cash Provided by Operating Activities	14,756	11,726
Investment securities available-for-sale:
Purchases	(29,325)	(30,146)
Sales	17,297	8,901
Maturities, calls and principal repayments	2,178	8,378
Investment securities held-to-maturity:
Purchases	(24,336)
Maturities, calls and principal repayments	10,646	7,362
Net decrease (increase) in loans	79,841	(26,028)
Purchase of bank-owned life insurance		(5,000)
Net decrease in restricted stock	1,846	1,507
Proceeds from sales and disposals of property and equipment	42
Purchases of property and equipment	(175)	(300)
Net Cash Provided by (Used in) Investing Activities	58,014	(35,326)
Cash Flows from Financing Activities
Net increase (decrease) in deposits	47,253	(62,905)
Proceeds for long-term borrowings	300,000	25,000
Repayment of long-term borrowings	(340,000)	(28,000)
Repayment of other borrowed money	(4,225)	(50)
(Decrease) in advances from borrowers for taxes and insurance	(719)	(20)
Net proceeds from issuance of common stock	72
Acquisition of treasury stock		(2,529)
Net Cash Provided by (Used in) Financing Activities	2,381	(68,504)
Net Increase (Decrease) in Cash and Cash Equivalents	75,151	(92,104)
Cash and Cash Equivalent – Beginning	61,439	153,543
Cash and Cash Equivalent – Ending	136,590	61,439
Supplementary Cash Flows Information
Interest paid	10,511	17,347
Non-cash transfer of loans to loans held for sale	33,199
Income taxes paid	2,372	1,477
Impact of ASC 842 adoption:
Right-of-use asset	$ 3,279	3,279
Operating lease liability		$ 3,279

Organizational Structure and Na

Organizational Structure and Nature of Operations	12 Months Ended
	Sep. 30, 2021
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Organizational Structure and Nature of Operations	Note 1 – Organizational Structure and Nature of Operations Malvern Bancorp, Inc. (the “Company” or “Malvern Bancorp”), a Pennsylvania corporation, is a registered 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 and lines of credit and other consumer loans, as well as investing in investment securities. We also maintain a portfolio of investment securities, primarily comprised of corporate bonds, mortgage-backed securities, U.S. agency and bank qualified municipal obligations. Malvern Bank now serves as one of the oldest banks headquartered on the Philadelphia Main Line. For more than a century, the Bank has been committed to helping people build prosperous communities as a trusted financial partner, forging lasting relationships through teamwork, respect and integrity. We derive substantially all of our income from our net interest income (i.e., the difference between the interest we receive on our loans and securities and the interest we pay on deposits and other borrowings). The Bank’s revenues are derived principally from interest on loans and investment securities, loan commitment and customer service fees and our mortgage banking operation. Deposits serve as the primary source of funding for our interest-earning assets, but we also generate non-interest revenue through insufficient funds fees, stop payment fees, safe deposit rental fees, card income, including credit and debit card interchange fees, gift card fees, and other miscellaneous fees. In addition, the Bank generates additional non-interest revenue associated with residential loan origination and sale, back-to-back customer swaps, loan servicing, late fees and merchant services. The Bank’s primary expenses are interest expense on deposits and borrowings, provisions for loan losses and general operating expenses. 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. The Bank’s primary market niche is providing personalized service to its client base. The Bank has the following subsidiary interests: • The Bank owns 100 percent of Malvern Insurance Associates, LLC (“Malvern Associates”), a Pennsylvania limited liability company. Malvern Associates is a licensed insurance broker under Pennsylvania and New Jersey law. • Certain mortgage-backed securities of the Bank are held through Delaware statutory trusts, 5 percent of which are owned by the Bank and 95 percent of which are owned by Coastal Asset Management Co., a Delaware corporation which is wholly owned by the Bank. • The Bank owns 100 percent of Joliet 55 LLC, an Illinois limited liability company which holds an other real estate owned (“OREO”) asset. • The Bank owns a 10 percent non-controlling interest in Bell Rock Capital, LLC (“Bell Rock”), an investment advisor registered with the SEC. • The Bank owns a 3.39 percent interest in Bankers Settlement Services Capital Region, LLC, a Pennsylvania limited liability company which acts as a title insurance agent or agency. The banking industry is highly regulated. The Bank is supervised by the Office of the Comptroller of the Currency (the “OCC”), and the Company is supervised by the Board of Governors of the Federal Reserve Board (the “FRB”). Subsequent Events The Company evaluates events and transactions that occur after the statement of financial condition as of September 30 ,2021 and through the date these consolidated financial statements are being issued for potential recognition and disclosure in the consolidated financial statements. The effect of all subsequent events that provide additional evidence of conditions that existed at the statement of financial condition date are recognized in the audited consolidated financial statements as of September 30, 2021.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Sep. 30, 2021
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2 – Summary of Significant Accounting Policies Basis of Presentation and Consolidation The consolidated financial statements at and for the years ended September 30, 2021, and 2020 include the accounts of Malvern Bancorp, Inc. and its subsidiaries. All significant intercompany transactions and balances have been eliminated. During the quarter-ended September 30, 2021, the Company identified and corrected an immaterial error totaling approximately $350 thousand related to an adjustment to non-accrued interest on charged off loans. Use of Estimates The preparation of consolidated financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of income and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term, including novel coronavirus (“COVID-19”) related changes, are used in connection with the determination of the allowance for loan losses, the valuation of the Company’s deferred tax assets and the fair value of financial instruments. Significant Group Concentrations of Credit Risk Most of the Company’s activities are with customers located within Chester County, Pennsylvania and Morris County, New Jersey. Our lending efforts are also focused in Bucks County, Montgomery County and Delaware County, which are also in southeastern Pennsylvania, as well as New Jersey and the New York metropolitan marketplace and Palm Beach Florida. Note 7 discusses the types of investment securities that the Company invests in. Note 8 discusses the types of lending that the Company engages in. The Company does not have any significant concentrations to any one industry or customer. Although the Company has a diversified loan portfolio, its debtors’ ability to honor their contracts is influenced by, among other factors, the region’s economy. Significant concentration of commercial real estate-backed loans, amounting to 4.7% and 4.8% of total loans held for investment, as of September 30, 2021 and September 30, 2020, respectively. 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 provided an estimated $2.2 trillion to fight the COVID-19 pandemic and stimulate the economy by supporting individuals and businesses through loans, grants, tax changes, and other types of relief. Under Section 4013 of the CARES Act 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 troubled debt restructure (“TDR”) and (2) any determination that such loan modifications would be considered a TDR, including the related impairment for accounting purposes. The suspension is applicable for the term of the loan modification that occurs during the applicable period for a loan that was not more than 30 days past due as of December 31, 2019. The suspension is not applicable to any adverse impact on the credit of a borrower that is not related to the pandemic. • Paycheck Protection Program – The CARES Act established the Paycheck Protection Program (“PPP”), an expansion of the Small Business Administration’s 7(a) loan program and the Economic Injury Disaster Loan Program (“EIDL”), administrated directly by the Small Business Administration (“SBA”). 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: Note 2 - Summary of Significant Accounting Policies (Continued) • Accounting for Loan Modifications – Loan modifications that do not meet the conditions of the CARES Act may still qualify as a modification that does not need to be accounted for as a TDR. The agencies confirmed with FASB staff that short-term modifications made on a good faith basis in response to COVID-19 to borrowers who are current prior to any relief are not TDRs. This includes short-term (e.g., six months) modifications such as payment deferrals, fee waivers, extensions of repayment terms, or insignificant delays in payments. 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. Risks and Uncertainties On March 11, 2020, the World Health Organization declared the outbreak of COVID-19 a global pandemic. Since then, the COVID-19 pandemic has continued to evolve and mutate, including through its variants, and has adversely affected, and may continue to adversely affect, local, national and global economic activity. Actions taken to help mitigate the spread of COVID-19 include restrictions on travel, localized quarantines, and government-mandated closures of certain businesses. While certain of these restrictions have been loosened, these same or new restrictions may be implemented again. Although vaccines for COVID-19 have largely been made available in the U.S., the ultimate efficacy of the vaccines will depend on various factors, including, without limitation, the number of people who receive the vaccines as well as the vaccines’ effectiveness against contracting and spreading COVID-19 and any of its existing or new variants. The spread of the outbreak has caused significant disruptions to the U.S. economy and has disrupted the financial industry and real estate markets in the areas in which the Company operates, and it may continue to do so. On March 3, 2020, the Federal Open Market Committee reduced the targeted federal funds interest rate range by 50 basis points to 1.00 percent to 1.25 percent. This range was further reduced to 0 percent to 0.25 percent on March 16, 2020, and as of September 30, 2021 the range was 0 percent to 0.25 percent. As mentioned in further detail in this Report, our net interest income is influenced by both the pricing and mix of our interest-earning assets and our interest-bearing liabilities which, in turn, are impacted by such external factors as the monetary policy of the Federal Open Market Committee. We are unable to predict changes in market interest rates, including the targeted federal funds interest rate, which are affected by many factors beyond our control. On March 27, 2020, the CARES Act was enacted to, among other things, provide emergency assistance for individuals, families and businesses affected by the COVID-19 pandemic. Although the CARES Act provided some relief to individuals, families and businesses, the negative impact of COVID-19 remains. These reductions in interest rates and other effects of the COVID-19 pandemic may materially and adversely affect the Company’s financial condition and results of operations in future periods. It is unknown how long the adverse conditions associated with the COVID-19 pandemic will last and what the complete financial effect will be to the Company. It is possible that estimates made in the financial statements could be materially and adversely impacted as a result of these conditions, including, without limitation, estimates regarding expected loan losses on loans receivable, market values of loans held-for-sale, and other-than-temporary impairment of investment securities. On December 27, 2020, the 2021 Consolidated Appropriations Act was signed into law. The $900 billion relief package includes legislation that extends certain relief provisions of the CARES Act that were set to expire on December 31, 2020. This new legislation extends this relief to the earlier of 60 days after the national emergency declared by the President is terminated or January 1, 2022. Note 2 - Summary of Significant Accounting Policies (Continued) Cash and Cash Equivalents For purposes of reporting cash flows, cash and cash equivalents include cash on hand, amounts due from depository institutions and interest-bearing deposits. The Company maintains cash deposits in other depository institutions that occasionally exceed the amount of deposit insurance available. Management periodically assesses the financial condition of these institutions and believes that the risk of any possible credit loss is minimal. Generally, Investment Securities Held-to-maturity (“HTM”) are securities that includes debt securities that the Company has the positive intent and the ability to hold to maturity. These securities are reported at amortized cost and adjusted for unamortized premiums and discounts. Securities held for trading are securities that are bought and held principally for the purpose of selling in the near term; these securities are reported at fair value, with unrealized gains and losses reported in current earnings. At September 30, 2021, and 2020, the Company had no investment securities classified as trading. Equity investment securities, made up of mutual funds for Community Reinvestment Act (CRA) qualified investments, are stated at fair value with any changes in fair value reported in non-interest income. Securities are evaluated on a quarterly basis, and more frequently when market conditions warrant such an evaluation, to determine whether declines in their value are other-than-temporary. To determine whether a loss in value is other-than-temporary, management utilizes criteria such as the reasons underlying the decline, the magnitude and duration of the decline and whether or not management intends to sell or expects that it is more likely than not that it will be required to sell the security prior to an anticipated recovery of the fair value. The term “other-than-temporary” is not intended to indicate that the decline is permanent but indicates that the prospects for a near-term recovery of value is not necessarily favorable, or that there is a lack of evidence to support a realizable value equal to or greater than the carrying value of the investment. Once a decline in value for a debt security is determined to be other-than-temporary, the other-than-temporary impairment is separated into (a) the amount of the total other-than-temporary impairment related to a decrease in cash flows expected to be collected from the debt security (the credit loss) and (b) the amount of the total other-than-temporary impairment related to all other factors. The amount of the total other-than-temporary impairment related to the credit loss is recognized in earnings. The amount of the total other-than-temporary impairment related to all other factors is recognized in other comprehensive income. Loans Receivable The Company, through the Bank, grants mortgage, construction, commercial and consumer loans to customers. Substantially all of our loans are to individuals, businesses and real estate developers in Chester County, Pennsylvania and neighboring areas in southern Pennsylvania, New Jersey and the New York metropolitan marketplace, Delaware and Florida markets. The ability of the Company’s debtors to honor their contracts is dependent upon, among other factors, the real estate and general economic conditions in these areas. Note 2 - Summary of Significant Accounting Policies (Continued) Loans receivable that management has the intent and ability to hold until maturity or payoff are stated at their outstanding unpaid principal balances, net of an allowance for loan losses and any deferred fees and costs. Interest income is accrued on the unpaid principal balance. Loan origination fees and costs are deferred and recognized as an adjustment of the yield (interest income) of the related loans using the interest method. The Company is amortizing these amounts over the contractual lives of the loans. The loans receivable portfolio is segmented into residential loans, construction and development loans, commercial loans and consumer loans. The residential loan segment has one class, one- to four-family first lien residential mortgage loans. The construction and development loan segment consists of the following classes: residential and commercial and land loans. Residential construction loans are made for the acquisition of and/or construction on a lot or lots on which a residential dwelling is to be built. Commercial construction loans are made for the purpose of acquiring, developing and constructing a commercial structure. The commercial loan segment consists of the following classes: commercial real estate loans, multi-family real estate loans, and other commercial loans, which are also generally known as commercial and industrial loans or commercial business loans. The consumer loan segment consists of the following classes: home equity lines of credit, second mortgage loans and other consumer loans, primarily unsecured consumer lines of credit. For all classes of loans receivable, the accrual of interest is discontinued when the contractual payment of principal or interest has become 90 days past due or management has serious doubts about further collection of principal or interest, even though the loan is currently performing. A loan may remain on accrual status if it is in the process of collection and is either guaranteed or well secured. When a loan is placed on nonaccrual status, unpaid interest credited to income in the current year is reversed and unpaid interest accrued in prior years is charged against the allowance for loan losses. Interest received on nonaccrual loans, including impaired loans, generally is either applied against principal or reported as interest income, according to management’s judgment as to the collectability of principal. Generally, loans are restored to accrual status when the obligation is brought current, has performed in accordance with the contractual terms for a reasonable period of time (generally six months) and the ultimate collectability of the total contractual principal and interest is no longer in doubt. The past due status of all classes of loans receivable is determined based on contractual due dates for loan payments. In addition to originating loans, the Company purchases consumer and mortgage loans from brokers in our market area. Such purchases are reviewed for compliance with our underwriting criteria before they are purchased, and are generally purchased without recourse to the seller. Premiums and discounts on purchased loans are amortized as adjustments to interest income using the effective yield method. Reserves for unfunded lending commitments represent management’s estimate of losses inherent in its unfunded loan commitments and is recorded in other liabilities on the consolidated statements of financial condition. Allowance for Loan Losses The allowance for loan losses represents management’s estimate of losses inherent in the loan portfolio as of the consolidated statement of financial condition date and is recorded as a reduction to loans. The allowance for loan losses (“ALLL”, or “allowance”) is increased by the provision for loan losses and decreased by charge-offs, net of recoveries. Loans deemed to be uncollectible are charged against the allowance for loan losses, and subsequent recoveries, if any, are credited to the allowance. All, or part, of the principal balance of loans receivable are charged off to the allowance as soon as it is determined that the repayment or collateral recovery of all, or part, of the principal balance is highly unlikely. Non-residential consumer loans are generally charged off no later than when they become 120 days past due on a contractual basis or earlier in the event of the borrower’s bankruptcy or if there is an amount deemed uncollectible. Because all identified losses are generally charged off, no portion of the allowance for loan losses is restricted to any individual loan or groups of loans, and the entire allowance is available to absorb any and all loan losses. The allowance for loan losses is maintained at a level considered adequate to provide for losses that can be reasonably estimated. Management performs a quarterly evaluation of the adequacy of the allowance. The allowance is based on the Company’s past loan loss experience, known and inherent risks in the portfolio, adverse situations that may affect the borrower’s ability to repay, the estimated value of any underlying collateral, the composition of the loan portfolio, current economic conditions and other relevant factors. This evaluation is inherently subjective as it requires material estimates that may be susceptible to significant revision as more information becomes available. Note 2 - Summary of Significant Accounting Policies (Continued) The allowance consists of specific, general and unallocated components. The specific component relates to loans that are classified as impaired. For loans that are classified as impaired, a specific reserve is recognized when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan. The general component covers pools of loans by loan class that are not considered impaired. These pools of loans are evaluated for loss exposure based upon historical loss rates for each of these classes of loans, as adjusted for qualitative factors. These qualitative risk factors include: 1. Lending policies and procedures, including underwriting standards and collection, charge-off, and recovery practices. 2. National, regional, and local economic and business conditions as well as the condition of various market segments, including the value of underlying collateral for collateral dependent loans. 3. The nature and volume of the loan portfolio and terms of loans. 4. The experience, ability, and depth of lending management and staff. 5. The volume and severity of past due, classified and nonaccrual loans as well as any other loan modifications. 6. The quality of the Company’s loan review system, and the degree of oversight by the Company’s Board of Directors. 7. The existence and effect of any concentrations of credit and changes in the level of such concentrations. 8. Value of underlying collateral. 9. A single calculation figure which is subsequently applied to the loan portfolio by loan type (commercial, residential and consumer) based upon the percent of each to total loans. It is derived from a review of peer group banks with similar asset size within the same general geographic area of the Bank. The qualitative factors are applied to the historical loss rates for each class of loan. In addition, while not reported as a separate factor, changes in the value of underlying collateral (for regional property values) for collateral dependent loans is considered and addressed within the economic trends factor. A quarterly calculation is made adjusting the reserve allocation for each factor within a risk weighted range as it relates to each particular loan type, collateral type and risk rating within each segment. Data is gathered and evaluated through internal, regulatory, and government sources quarterly for each factor. Another key assumption is the look-back period (“LEP”), which represents the historical data period utilized to calculate loss rates. We used 1 year for our LEP for all loan portfolio segments which encompasses our relevant loss experience. An unallocated component is maintained to cover uncertainties that could affect management’s estimate of probable losses. The unallocated component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating specific and general losses in the portfolio. In addition, the allowance calculation methodology includes further segregation of loan classes into risk rating categories. The borrower’s overall financial condition, repayment sources, guarantors and value of collateral, if appropriate, are evaluated annually for commercial loans or when credit deficiencies arise, such as delinquent loan payments, for commercial and consumer loans. Credit quality risk ratings include categories of “pass,” “special mention,” “substandard” and “doubtful.” Assets classified as “pass” are those protected by the current net worth and paying capacity of the obligor or by the value of the underlying collateral. Assets which do not currently expose the insured institution to sufficient risk to warrant classification as substandard or doubtful but possess certain identified weaknesses are required to be designated “special mention.” If uncorrected, the potential weaknesses may result in deterioration of the repayment prospects. An asset is considered “substandard” if it is inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. “Substandard” assets include those characterized by the “distinct possibility” that the insured institution will sustain “some loss” if the deficiencies are not corrected. Assets classified as “doubtful” have all of the weaknesses inherent in those classified “substandard” with the added characteristic that the weaknesses present make “collection or liquidation in full,” on the basis of currently existing facts, conditions, and values, “highly questionable and improbable.” Note 2 - Summary of Significant Accounting Policies (Continued) Residential Lending. Residential mortgage originations are secured primarily by properties located in the Company’s market area and surrounding areas. We currently originate fixed-rate, fully amortizing mortgage loans with maturities of 10 to 30 years. We also offer adjustable-rate mortgage (“ARM”) loans where the interest rate either adjusts on an annual basis or is fixed for the initial one, three or seven years and then adjusts annually. We underwrite one- to four-family residential mortgage loans with loan-to-value ratios of up to 95 percent, provided that the borrower obtains private mortgage insurance on loans that exceed 80 percent of the appraised value or sales price, whichever is less, of the secured property. We also require that title insurance, hazard insurance and, if appropriate, flood insurance be maintained on all properties securing real estate loans. We require that a licensed appraiser from our list of approved appraisers perform and submit to us an appraisal on all properties secured by a first mortgage on one- to four-family first mortgage loans. In underwriting one- to four-family residential mortgage loans, the Company evaluates both the borrower’s ability to make monthly payments and the value of the property securing the loan. Most properties securing real estate loans made by the Company are appraised by independent fee appraisers reviewed and approved by the Bank’s third-party appraisal management companies. The Company generally requires borrowers to obtain an attorney’s title opinion or title insurance, and fire and property insurance (including flood insurance, if necessary) in an amount not less than the amount of the loan. Real estate loans originated by the Company generally contain a “due on sale” clause allowing the Company to declare the unpaid principal balance due and payable upon the sale of the security property. The Company has not engaged in sub-prime residential mortgage loan originations. Our single-family residential mortgage loans generally are underwritten on terms and documentation conforming to guidelines issued by The Federal Home Loan Mortgage Company, or Freddie Mac, and The Federal National Mortgage Association, or Fannie Mae. Construction and Development Lending. We originate construction loans for residential and, to a lesser extent, commercial uses within our market area. We generally limit construction loans to builders and developers with whom we have an established relationship, or who are otherwise known to officers of the Bank. Our construction and development loans currently in our loan portfolio typically have variable rates of interest tied to the prime rate which improves the interest rate sensitivity of our loan portfolio. Construction and development loans generally are considered to involve a higher level of risk than one-to four-family residential lending, due to the concentration of principal in a limited number of loans and borrowers and the effect of economic conditions on developers, builders and projects. Additional risk is also associated with construction lending because of the inherent difficulty in estimating both a property’s value at completion and the estimated cost (including interest) to complete a project. The nature of these loans is such that they are more difficult to evaluate and monitor. In addition, speculative construction loans to a builder are not pre-sold and thus pose a greater potential risk than construction loans to individuals on their personal residences. In order to mitigate some of the risks inherent in construction lending, we inspect properties under construction, review construction progress prior to advancing funds, work with builders with whom we have established relationships, require annual updating of tax returns and other financial data of developers and obtain personal guarantees from the principals. Commercial Lending. Commercial and multi-family real estate loans generally present a higher level of risk than loans secured by one- to four-family residences. This greater risk is due to several factors, including the concentration of principal in a limited number of loans and borrowers, the effect of general economic conditions on income producing properties and the increased difficulty of evaluating and monitoring these types of loans. Furthermore, the repayment of loans secured by commercial and multi-family real estate is typically dependent upon the successful operation of the related real estate project. If the cash flow from the project is reduced (for example, if leases are not obtained or renewed, or a bankruptcy court modifies a lease term, or a major tenant is unable to fulfill its lease obligations), the borrower’s ability to repay the loan may be impaired. Most of the Company’s commercial business loans have been extended to finance local and regional businesses and include short-term loans to finance machinery and equipment purchases, inventory and accounts receivable. The commercial business loans which we originate may be either a revolving line of credit or for a fixed term of generally 10 years or less. Interest rates are adjustable, indexed to a published prime rate of interest, or fixed. Generally, equipment, machinery, real property or other corporate assets secure such loans. Personal guarantees from the business principals are generally obtained as additional collateral. Note 2 - Summary of Significant Accounting Policies (Continued) Consumer Lending. The Company currently originates most of its consumer loans in its primary market area and surrounding areas. The Company originates consumer loans on both a direct and indirect basis. Consumer loans generally have higher interest rates and shorter terms than residential mortgage loans; however, they have additional credit risk due to the type of collateral securing the loan or in some case the absence of collateral. We are continuing to evaluate and monitor the credit conditions of our consumer loan borrowers and the real estate values of the properties securing our second mortgage loans as part of our on-going efforts to assess the overall credit quality of the portfolio in connection with our review of the allowance for loan losses. Consumer loans may entail greater credit risk than do residential mortgage loans, particularly in the case of consumer loans which are unsecured or are secured by rapidly depreciable assets, such as automobiles or recreational equipment. In such cases, any repossessed collateral for a defaulted consumer loan may not provide an adequate source of repayment of the outstanding loan balance as a result of the greater likelihood of damage, loss or depreciation. In addition, consumer loan collections are dependent on the borrower’s continuing financial stability, and thus are more likely to be affected by adverse personal circumstances. Furthermore, the application of various federal and state laws, including bankruptcy and insolvency laws, may limit the amount which can be recovered on such loans. Once all factor adjustments are applied, general reserve allocations for each segment are calculated, summarized and reported on the ALLL summary. ALLL final schedules, calculations and the resulting evaluation process are reviewed quarterly. In addition, Federal bank regulatory agencies, as an integral part of their examination process, periodically review the Company’s allowance and may require the Company to recognize additions to the allowance based on their judgments about information available to them at the time of their examination. Based on management’s comprehensive analysis of the loan portfolio, management believes the current level of the allowance for loan losses is adequate. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, cash flow, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record and the amount of the shortfall in relation to the principal and interest owed. A specific reserve is established for an impaired loan if its carrying value exceeds its estimated fair value. The estimated fair values of substantially all of the Company’s impaired loans are measured based on the estimated fair value of the loan’s collateral. For commercial loans secured by real estate, estimated fair values are determined primarily through third-party appraisals. When a real estate secured loan becomes impaired, a decision is made regarding whether an updated appraisal of the real estate is necessary. This decision is based on various considerations, including the age of the most recent appraisal, the loan-to-value ratio based on the original appraisal and the condition of the property. Appraised values are discounted to arrive at the estimated selling price of the collateral, which is considered to be the estimated fair value. The discounts also include estimated costs to sell the property. For commercial and industrial loans secured by non-real estate collateral, such as accou

Non-Interest Income

Non-Interest Income	12 Months Ended
	Sep. 30, 2021
Noninterest Income [Abstract]
Non-Interest Income	Note 3 – Non-Interest Income On October 1, 2018, the Company adopted the amendments of ASU 2014-09 - Revenue from Contracts with Customers (Topic 606) and all subsequent ASUs that modified Topic 606. A significant amount of the Company’s revenues is derived from net interest income on financial assets and liabilities, which are excluded from the scope of the amended guidance. Some sources of revenue included within non-interest income fall within the scope of Topic 606, while other sources do not. The Company recognizes revenue when the performance obligations related to the transfer of goods or services under the terms of the contract are satisfied. Some obligations are satisfied at a point in time while others are satisfied over a period of time. Revenue is recognized as the amount of consideration to which the Company expects to be entitled in exchange for transferring goods or services to a customer. When consideration includes a variable component, the amount of consideration attributable to variability is included in the transaction price only to the extent it is probable that significant revenue recognized will not be reversed when uncertainty associated with the variable consideration is subsequently resolved. The Company’s contracts generally do not contain terms that require significant judgement to determine the variability impacting the transaction price. The Company has included the following table regarding the Company’s non-interest income for the periods presented. Year Ended September 30, (In thousands) 2021 2020 Rental income $ 217 $ 217 Net gains on sale and call of investments 779 330 Net gains on sale of loans 788 116 Earnings on bank-owned life insurance 656 509 Non-interest income within the scope of other GAAP topics 2,440 1,172 ATM fees 13 10 Credit card fee income 22 21 DDA fee income 91 79 DDA service fees 90 76 Debit card fees 283 245 Other loan fee income 574 621 Other fee income 242 257 Other non-interest income 8 7 Non-interest income from contracts with customers $ 1,323 $ 1,316 Total Non-interest Income $ 3,763 $ 2,488

Earnings Per Share

Earnings Per Share	12 Months Ended
	Sep. 30, 2021
Earnings Per Share [Abstract]
Earnings Per Share	Note 4 – Earnings Per Share Basic earnings per common share is computed based on the weighted average number of shares outstanding reduced by unearned Employee Stock Ownership Plan (“ESOP”) shares. Diluted earnings per share is computed based on the weighted average number of shares outstanding and common stock equivalents (“CSEs”) that would arise from the exercise of dilutive securities reduced by unearned ESOP shares. For the fiscal year ended September 30, 2021, the Company granted a total of 12,363 restricted shares, which are considered CSEs, and options to acquire a total of 7,000 shares of common stock were granted. For the fiscal year ended September 30, 2020, the Company granted a total of 22,211 restricted shares, which are considered CSEs, and options to acquire a total of 7,000 shares of common stock were granted. The following table sets forth the composition of the weighted average shares (denominator) used in the earnings per share computations. Year Ended September 30, (In thousands, except share data) 2021 2020 Net Income (loss) $ (92) $ 644 Weighted average shares outstanding 7,616,151 7,690,675 Average unearned ESOP shares (78,743 ) (93,147 ) Basic weighted average shares outstanding 7,537,408 7,597,528 Plus: effect of dilutive options and restricted stock 708 198 Diluted weighted average common shares outstanding 7,538,116 7,597,726 Earnings (loss) per share: Basic $ (0.01) $ 0.08 Diluted $ (0.01) $ 0.08

Employee Stock Ownership Plan

Employee Stock Ownership Plan	12 Months Ended
	Sep. 30, 2021
Employee Stock Ownership Plan E S O P Shares In E S O P [Abstract]
Employee Stock Ownership Plan	Note 5 – Employee Stock Ownership Plan The Company maintains an ESOP for substantially all of its full-time employees. The current ESOP trustee is Pentegra. Shares of the Company’s common stock purchased by the ESOP are held until released for allocation to participants. Shares released are allocated to each eligible participant based on the ratio of each such participant’s base compensation to the total base compensation of all eligible plan participants. As the unearned shares are committed to be released and allocated among participants, the Company recognizes 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 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 five percent, is being repaid in quarterly installments through 2026 principally from the Bank’s contributions to the ESOP. Shares are released to participants proportionately as the ESOP loan is repaid. During each of the years ended September 30, 2021, and 2020, there were 14,400 shares committed to be released. At September 30, 2021, there were 71,565 unallocated shares and 187,653 allocated shares held by the ESOP. The unallocated shares had an aggregate fair value of approximately $1.2 million at September 30, 2021.

Investment Securities

Investment Securities	12 Months Ended
	Sep. 30, 2021
Investments Debt And Equity Securities [Abstract]
Investment Securities	Note 6 - Investment Securities The Company’s investment securities are classified as available-for-sale or held-to-maturity at September 30, 2021, and 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. Equity securities are stated at fair value with any changes in fair value reported in non-interest income. Transfers of debt securities from the available-for-sale category to the held-to-maturity category are made at fair value at the date of transfer. The unrealized holding gain or loss at the date of transfer remains in accumulated other comprehensive income and in the carrying value of the held-to-maturity investment security. Premiums or discounts on investment securities are amortized or accreted using the effective interest method over the life of the security as an adjustment of yield. Unrealized holding gains or losses that remain in accumulated other comprehensive income are amortized or accreted over the remaining life of the security as an adjustment of yield, offsetting the related amortization of the premium or accretion of the discount. The following tables present information related to the Company’s investment securities at September 30, 2021, and 2020. September 30, 2021 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In thousands) Investment Securities Available-for-Sale: U.S. government agencies $ 5,000 $ — $ (7 ) $ 4,993 State and municipal obligations 2,767 1 (3 ) 2,765 Single issuer trust preferred security 1,000 — (125 ) 875 Corporate debt securities 31,989 243 (52 ) 32,180 Total $ 40,756 $ 244 $ (187 ) $ 40,813 Investment Securities Held-to-Maturity: U.S. government agencies $ 10,000 $ 11 $ — $ 10,011 State and municipal obligations 6,062 104 (49 ) 6,117 Corporate debt securities 3,383 224 — 3,607 Mortgage-backed securities: Collateralized mortgage obligations, fixed-rate 9,062 129 (13 ) 9,178 Total $ 28,507 $ 468 $ (62 ) $ 28,913 Equity Securities Mutual funds 1,500 — — 1,500 Total Mutual funds 1,500 — — 1,500 $ Total investment securities $ 70,763 $ 712 $ (249 ) $ 71,226 Note 6 - Investment Securities (Continued) 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 Total $ 30,135 $ 201 $ (318 ) $ 30,018 Investment Securities Held-to-Maturity: U.S. government agencies $ — $ — $ — $ — State and municipal obligations 1,794 129 — 1,923 Corporate debt securities 3,498 260 — 3,758 Mortgage-backed securities: Collateralized mortgage obligations, fixed-rate 9,678 249 — 9,927 Total $ 14,970 $ 638 $ — $ 15,608 Equity Securities Mutual funds 1,523 — — 1,523 Total 1,523 — — 1,523 Total investment securities $ 46,628 $ 839 $ (318 ) $ 47,149 For fiscal year 2021, The varying amount of sales from the available-for-sale portfolio over the past few years reflect the significant volatility present in the market. Given the historic low interest rates prevalent in the market, it is necessary for the Company to protect itself from interest rate exposure. Securities that once appeared to be sound investments can, after changes in the market, become securities that the Company has the flexibility to sell to avoid losses and mismatches of interest-earning assets and interest-bearing liabilities at a later time. 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 September 30, 2021, and 2020. September 30, 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 $ 4,993 $ (7 ) $ — $ — $ 4,993 $ (7 ) State and municipal obligations 1,819 (3 ) — — 1,819 (3 ) Single issuer trust preferred security — — 875 (125 ) 875 (125 ) Corporate debt securities 8,475 (25 ) 2,973 (27 ) 11,448 (52 ) Total $ 15,287 $ (35 ) $ 3,848 $ (152 ) $ 19,135 $ (187 ) Note 6 - Investment Securities (Continued) 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 September 30, 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 the 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 September 30, 2021, the Company held Investment securities having a carrying value of approximately $2.9 million and $4.6 million at September 30, 2021 and September 30, 2020, respectively, were pledged to secure public deposits. At September 30, 2021, and 2020, no investment securities were pledged to secure hedges. In addition, no investment securities were pledged to secure short-term borrowings of FHLB borrowings at September 30, 2021, and September 30, 2020. Note 6 - Investment Securities (Continued) The following table presents information for investment securities at September 30, 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. September 30, 2021 Amortized Cost Fair Value (In thousands) Investment Securities Available-for-Sale: Due in one year or less $ — $ — Due after one year through five years 4,445 4,434 Due after five years through ten years 27,989 28,069 Due after ten years 8,322 8,310 Total $ 40,756 $ 40,813 Investment Securities Held-to-Maturity: Due in one year or less $ — $ — Due after one year through five years 4,474 4,764 Due after five years through ten years 5,666 5,712 Due after ten years 9,304 9,259 Mortgage-backed securities: Collateralized mortgage obligations, fixed-rate 9,063 9,178 Total $ 28,507 $ 28,913 Equity Securities Mutual funds Due in one year or less $ 500 $ 500 Due after five years through ten years 1,000 1,000 Total 1,500 1,500 Total investment securities $ 70,763 $ 71,226

Loans Receivable and Related Al

Loans Receivable and Related Allowance for Loan Losses	12 Months Ended
	Sep. 30, 2021
Receivables [Abstract]
Loans Receivable and Related Allowance for Loan Losses	Note 7 - Loans Receivable and Related Allowance for Loan Losses Loans receivable in the Company’s portfolio, excluding loans held-for-sale, consisted of the following at the dates indicated: September 30, 2021 2020 (In thousands) Residential mortgage $ 198,710 $ 242,090 Construction and Development: Residential and commercial 61,492 65,703 Land 2,204 3,110 Total Construction and Development 63,696 68,813 Commercial: Commercial real estate 426,915 495,398 Farmland 10,297 7,517 Multi-family 66,332 67,767 Commercial and industrial 115,246 116,584 Other 10,954 10,142 Total Commercial 629,744 697,408 Consumer: Home equity lines of credit 13,491 17,128 Second mortgages 5,884 10,711 Other 2,299 2,851 Total Consumer 21,674 30,690 Total loans 913,824 1,039,001 Deferred loan fees and cost, net 629 326 Allowance for loan losses (11,472 ) (12,433 ) Total loans receivable, net $ 902,981 $ 1,026,894 There were no PPP loans included in Note 7 - Loans Receivable and Related Allowance for Loan Losses (Continued) The following table summarizes the primary classes of the allowance for loan losses, segregated into the amount required for loans individually evaluated for impairment and the amount required for loans collectively evaluated for impairment as of and for the years ended September 30, 2021, and 2020. Year Ended September 30, 2021 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 (In thousands) Allowance for loan losses: Beginning balance $ 1,667 $ 465 $ 23 $ 8,682 $ 47 $ 511 $ 578 $ 51 $ 130 $ 196 $ 29 $ 54 $ 12,433 Charge-offs — — — (11,930 ) — — (379 ) — — — (4 ) — (12,313 ) Recoveries 41 4 — 1 — — 2 — 17 108 2 — 176 Provisions (774) (41) (8) 10,290 9 (61 ) 2,020 3 (71 ) (217 ) (7) 34 11,176 Ending Balance $ 934 $ 428 $ 15 $ 7,043 $ 56 $ 450 $ 2,221 $ 54 $ 76 $ 87 $ 20 $ 88 $ 11,472 Ending balance: individually evaluated for impairment $ — $ — $ — $ 18 $ — $ — $ 1,488 $ — $ — $ 38 $ — $ — $ 1,544 Ending balance: collectively evaluated for impairment $ 934 $ 428 $ 15 $ 7,025 $ 56 $ 450 $ 733 $ 54 $ 76 $ 49 $ 20 $ 88 $ 9,928 Loans receivable: Ending balance $ 198,710 $ 61,492 $ 2,204 $ 426,915 $ 10,297 $ 66,332 $ 115,246 $ 10,954 $ 13,491 $ 5,884 $ 2,299 $ 913,824 Ending balance: individually evaluated for impairment $ — $ — $ — $ 286 $ — $ — $ 2,517 $ — $ — $ 102 $ — $ 2,905 Ending balance: collectively evaluated for impairment $ 198,710 $ 61,492 $ 2,204 $ 426,629 $ 10,297 $ 66,332 $ 112,729 $ 10,954 $ 13,491 $ 5,782 $ 2,299 $ 910,919 Note 7 - Loans Receivable and Related Allowance for Loan Losses (Continued) 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 (In thousands) Allowance for loan losses: 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 Note 7 - Loans Receivable and Related Allowance for Loan Losses (Continued) In assessing the adequacy of the ALLL, it is recognized that the process, methodology and underlying assumptions require a significant degree of judgment and uncertainty. 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. At present, components of the commercial loan segments of the portfolio are new originations and the associated volumes continue to see increased growth. At the same time, historical loss levels have decreased as factors in assessing the portfolio. Any unallocated portion of the allowance reflects management’s estimate of probable inherent but undetected losses within the portfolio due to uncertainties in economic conditions, 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 impaired loans with no specific allowance increased from $29.4 million at September 30, 2020 to $39.7 million at September 30, 2021. The increase was primarily due to two performing commercial real estate loans totaling $11.4 million that are deemed impaired with no specific allowance . The following table presents impaired loans in the portfolio by class, segregated by those for which a specific allowance was required and those for which a specific allowance was not necessary as of September 30, 2021, and 2020. Note 7 - Loans Receivable and Related Allowance for Loan Losses (Continued) 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) September 30, 2021: Residential mortgage $ — $ — $ 2,594 $ 2,594 $ 2,766 Commercial: Commercial real estate 286 18 33,543 33,829 33,368 Farmland — — 2,254 2,254 2,254 Commercial and industrial 2,517 1,488 630 3,147 3,584 Consumer: Home equity lines of credit — — 23 23 28 Second mortgages 102 38 696 798 874 Total impaired loans $ 2,905 $ 1,544 $ 39,740 $ 42,645 $ 42,874 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 Note 7 - Loans Receivable and Related Allowance for Loan Losses (Continued) The following table presents the average recorded investment in impaired loans in the portfolio and related interest income recognized for the years ended September 30, 2021, and 2020. Average Impaired Loans Interest Income Recognized on Impaired Loans (In thousands) Year Ended September 30, 2021: Residential mortgages $ 3,305 $ 82 Commercial: Commercial real estate 32,812 556 Farmland 1,814 70 Commercial and industrial 951 17 Consumer: Home equity lines of credit 48 — Second mortgages 720 6 Total $ 39,650 $ 731 Year Ended September 30, 2020: Residential mortgages $ 3,506 $ 86 Consumer: — — Commercial: Commercial real estate 14,209 235 Consumer: Home equity lines of credit 28 — Second mortgages 858 6 Total $ 18,601 $ 327 No additional funds are committed to be advanced in connection with impaired loans. Note 7 - Loans Receivable and Related Allowance for Loan Losses (Continued) The following table presents the classes of the loan portfolio summarized by loans considered to be rated as pass and the categories of special mention, substandard and doubtful within the Company’s internal risk rating system as of September 30, 2021, and 2020. September 30, 2021 Pass Special Mention Substandard Doubtful Total (In thousands) Residential mortgage $ 195,658 $ — $ 3,052 $ — $ 198,710 Construction and Development: Residential and commercial 61,492 — — — 61,492 Land 2,204 — — — 2,204 Commercial: Commercial real estate 376,721 48,705 1,489 — 426,915 Farmland 8,043 — 2,254 — 10,297 Multi-family 57,052 9,280 — — 66,332 Commercial and industrial 106,910 — 8,336 — 115,246 Other 10,954 — — — 10,954 Consumer: Home equity lines of credit 13,390 — 101 — 13,491 Second mortgages 4,908 68 908 — 5,884 Other 2,299 — — — 2,299 Total $ 839,631 $ 58,053 $ 16,140 $ — $ 913,824 September 30, 2020 Pass Special Mention Substandard Doubtful Total (In thousands) 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 Note 7 - Loans Receivable and Related Allowance for Loan Losses (Continued) The following table presents loans on which we are no longer accruing interest by portfolio class at the dates indicated. September 30, 2021 2020 (In thousands) Residential mortgage $ 879 $ 2,036 Commercial: Commercial real estate — 14,414 Commercial and industrial 2,517 — Consumer: Home equity lines of credit 23 26 Second mortgages 278 254 Other — — Total non-accrual loans $ 3,697 $ 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. Total non-accrual loans exclude loans held-for-sale. Total non-accrual loans decreased from $16.7 million at September 2020 to $3.7 million as of September 30, 2021. The decrease in non-accrual loans was primarily due to one commercial real estate loans totaling $6.6 million returning to accrual status as of September 30,2021 and one commercial real estate loan $7.5 million transferred to loans held-for-sale for period ending September 30, 2021. Interest income that would have been recognized on nonaccrual loans had they been current in accordance with their original terms was approximately $1.2 million Management further monitors the performance and credit quality of the loan portfolio by analyzing the age of the portfolio as determined by whether a loan payment is “current,” that is, it is received from a borrower by the scheduled due date, or the length of time a scheduled payment is past due. The following table presents the classes of the loan portfolio summarized by the aging categories as of September 30, 2021 and 2020. Current 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due Total Past Due Total Loans Receivable Accruing 90 Days or More Past Due (In thousands) September 30, 2021: Residential mortgage $ 197,062 $ 796 $ 241 $ 611 $ 1,648 $ 198,710 $ — Construction and Development: Residential and commercial 61,492 — — — — 61,492 — Land 2,204 — — — — 2,204 — Commercial: Commercial real estate 426,915 — — — — 426,915 — Farmland 10,297 — — — — 10,297 — Multi-family 66,332 — — — — 66,332 — Commercial and industrial 115,246 — — — — 115,246 — Other 10,954 — — — — 10,954 — Consumer: Home equity lines of credit 13,394 97 — — 97 13,491 — Second mortgages 5,697 4 83 100 187 5,884 — Other 2,296 3 — — 3 2,299 — Total $ 911,889 $ 900 $ 324 $ 711 $ 1,935 $ 913,824 $ — Note 7 - Loans Receivable and Related Allowance for Loan Losses (Continued) Current 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due Total Past Due Total Loans Receivable Accruing 90 Days or More Past Due (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 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 Company generally only restructures loans by modifying the payment structure to require payments of interest only for a specified period or by reducing the actual interest rate. Once a loan becomes a TDR, it will continue to be reported as a TDR during the term of the restructure. The Company had 26 loans classified as TDRs with an aggregate outstanding balance of $18.2 million and $21.7 million at September 30, 2021, and 2020, respectively. At September 30, 2021, these loans were also classified as impaired. 22 of the TDR loans continue to perform under the restructured terms through September 30, 2021, and we continued to accrue interest on such loan through such date. The decrease in TDRs at September 30, 2021 compared to September 30, 2020 was primarily due to a write down of $5.7 million on two commercial real estate loans that were transferred to held-for-sale, partially offset by the addition of one commercial loan secured by farmland totaling approximately $2.3 million. Loans that have been classified as TDRs have modified payment terms and in some cases modified interest rates from the original loan agreements and allow the borrowers, who were experiencing financial difficulty, to relieve some of their overall cash flow burden, including but not limited to making interest only payments for a period of time. Some loan modifications classified as TDRs may not ultimately result in the full collection of principal and interest, as modified, and result in potential incremental losses. These potential incremental losses have been factored into our overall estimate of the allowance for loan losses. The level of any defaults will likely be affected by future economic conditions. A default on a troubled debt restructured loan occurs when the borrower is 90 days past due or a foreclosure or repossession of the applicable collateral has occurred. Note 7 - Loans Receivable and Related Allowance for Loan Losses (Continued) Due to financial difficulties experienced by the borrower, TDRs may arise where 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 OREO, which is included in the Consolidated Statements of Financial Condition. For any residential real estate property collateralizing a consumer mortgage loan, the Company is considered to possess the related collateral only if legal title is obtained upon completion of foreclosure, or the borrower conveys all interest in the residential real estate property to the Company through completion of a deed in lieu of foreclosure or similar legal agreement. Excluding OREO, the Company had $185,000 and $175,000 of residential real estate properties in the process of foreclosure at September 30, 2021, and 2020, respectively. Total Troubled Debt Restructurings Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months Number of Loans Recorded Investment Number of Loans Recorded Investment (In thousands) At September 30, 2021: ​ Residential mortgage 16 $ 3,180 4 $ 640 Commercial: Commercial real estate 5 12,180 — — Farmland 1 2,254 — — Commercial and industrial 1 549 — — Consumer Second mortgages 3 78 — — Total 26 $ 18,241 4 $ 640 At 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 the loan’s compliance with the modified terms. September 30, 2021 2020 Performing Non- Performing Performing Non- Performing (In thousands) Residential mortgage $ 2,540 $ 640 $ 1,818 $ 1,617 Commercial: Commercial real estate 12,180 — 11,439 6,652 Farmland 2,254 — — — Commercial and industrial 549 — — — Consumer Second mortgages 78 — 161 — Total $ 17,601 $ 640 $ 13,418 $ 8,269 Note 7 - Loans Receivable and Related Allowance for Loan Losses (Continued) The following table shows the new TDRs for the twelve months ended September 30, 2021, and 2020. September 30, 2021 2020 Restructured During Period Number of Loans Pre- Modifications Outstanding Recorded Investments Post- Modifications Outstanding Recorded Investments Number of Loans Pre- Modifications Outstanding Recorded Investments Post- Modifications Outstanding Recorded Investments (In thousands) Troubled Debt Restructurings: Residential mortgage — $ — $ — 1 $ 207 $ 203 Commercial: Commercial real estate — — — 2 10,930 10,926 Farmland 1 2,287 2,287 — — — Commercial and industrial 1 549 549 — — — Total 2 $ 2,803 $ 2,803 3 $ 11,137 $ 11,129 The following table sets forth the aggregate dollar amount of loans to principal officers, directors and their affiliates in the normal course of business of the Company. Year Ended September 30, 2021 2020 (In thousands) Balance at beginning of year $ 13,733 $ 12,478 New loans 2,792 2,073 Repayments (4,604 ) (818 ) Balance at end of year $ 11,921 $ 13,733 At September 30, 2021, and 2020, the Company was servicing loans for the benefit of others in the amounts of $13.1 million and $20.1 million, respectively. A summary of mortgage servicing rights included within other assets in the consolidated statements of financial condition and the activity therein follows for the periods indicated: September 30, 2021 2020 (In thousands) Balance at beginning of year $ 111 $ 178 Amortization (28 ) (67 ) Balance at end of year $ 83 $ 111 For the fiscal years ended September 30, 2021 and 2020, the fair value of servicing rights was determined using a base discount rate between 10.5 percent and 11.5 percent. The fair market value is evaluated by a third-party vendor on a quarterly basis for impairment purposes only. For the fiscal year ended September 30, 2021, we sold $21.9 million of long-term, fixed-rate residential mortgage loans with servicing released. This transaction resulted in a gain of $788,000. For the year ended September 30, 2021, the Company only sold loans with servicing released. For the fiscal year ended September 30, 2020, we sold $5.2 million of long-term, fixed-rate residential mortgage loans with servicing released. This transaction resulted in a gain of $116,000. For the year ended September 30, 2020, the Company only sold loans with servicing released. No valuation allowance on servicing rights has been recorded at September 30, 2021, or 2020. Under Section 4013 of the CARES Act, and separately based upon regulatory guidance promulgated by federal banking regulators (collectively, the “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 troubled debt restructurings (“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. Note 7 - Loans Receivable and Related Allowance for Loan Losses (Continued) The following tables set forth the composition of these loans by loan segments as of September 30, 2021, and 2020: September 30, 2021 Number of Loans Loan Modification Exposure Gross Loans September 30, 2021 Percentage of Gross Loans Modified (Dollars in thousands) Residential mortgage 2 $ 667 $ 198,710 0.07 % Construction and Development: Residential and commercial - - 61,492 0.00 % Land loans - - 2,204 0.00 % Total Construction and Development - - 63,696 0.00 % Commercial: Commercial real estate 6 60,567 426,915 6.63 % Farmland - - 10,297 0.00 % Multi-family - - 66,332 0.00 % Commercial and industrial - - 115,246 0.00 % Other - - 10,954 0.00 % Total Commercial 6 60,567 629,744 6.63 % Consumer: Home equity lines of credit - - 13,491 0.00 % Second mortgages - - 5,884 0.00 % Other - - 2,299 0.00 % Total Consumer - - 21,674 0.00 % Total loans 8 $ 61,234 $ 913,824 6.70 % September 30, 2020 Number of Loans Loan Modified Exposure Gross Loans September 30, 2020 Percentage of Gross Loans Modified (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 12.65 % 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 %

Property and Equipment

Property and Equipment	12 Months Ended
	Sep. 30, 2021
Property Plant And Equipment [Abstract]
Property and Equipment	Note 8 - Property and Equipment Property and equipment, net consisted of the following at September 30, 2021 and 2020: September 30, Estimated Useful Life (years) 2021 2020 (In thousands) Land — $ 706 $ 707 Building and improvements 10-39 11,992 11,909 Construction in process — 5 6 Furniture, fixtures and equipment 3-7 5,904 5,852 18,607 18,474 Accumulated depreciation (12,830 ) (12,200 ) $ 5,777 $ 6,274 Depreciation expense was approximately $630,000 and $745,000 for the years ended September 30, 2021 and 2020, respectively.

Deposits

Deposits	12 Months Ended
	Sep. 30, 2021
Deposits [Abstract]
Deposits	Note 9 - Deposits Deposits classified by interest rates with percentages to total deposits at September 30, 2021 and 2020 consisted of the following: September 30, 2021 2020 Amount Percent of Total Deposits Amount Percent of Total Deposits (In thousands) Balances by types of deposit: Savings $ 50,582 5.39 % $ 45,072 5.06 % Money market accounts 385,480 41.09 277,711 31.17 Interest bearing demand 336,645 35.88 303,682 34.09 Non-interest bearing demand 53,849 5.74 50,422 5.66 826,556 88.10 676,887 75.98 Certificates of deposit 111,603 11.90 214,019 24.02 Total $ 938,159 100.00 % $ 890,906 100.00 % The total amount of certificates of deposit of $250,000 and greater at September 30, 2021 and 2020 was $16.5 million and $48.2 million, respectively. We had brokered deposits totaling $6.1 million and $31.1 million at September 30, 2021 and 2020, respectively. Note 9 - Deposits (Continued) Interest expense on deposits consisted of the following for the years: September 30, 2021 2020 (In thousands) Savings accounts $ 59 $ 51 Money market accounts 1,726 4,010 Interest bearing demand 2,681 3,523 Certificates of deposit 2,282 5,262 Total deposits $ 6,748 $ 12,846 The following is a schedule of certificates of deposit maturities. September 30, 2021 (In thousands) Maturing in the Fiscal Year Ending September 30, 2022 $ 58,172 2023 21,234 2024 17,928 2025 6,319 2026 7,160 Thereafter 790 $ 111,603 Deposits from related parties held by the Company at September 30, 2021 and 2020 amounted to $43.2 million and $35.9 million, respectively.

Borrowings

Borrowings	12 Months Ended
	Sep. 30, 2021
Debt Disclosure [Abstract]
Borrowings	Note 10 - Borrowings Under terms of its collateral agreement with the FHLB, the Company maintains otherwise unencumbered qualifying assets in an amount at least equal to its borrowings. Under an agreement with the FHLB, the Company has a line of credit available in the amount of $150.0 million, of which there was no balance outstanding at September 30, 2021 or 2020. The interest rate on the line of credit at September 30, 2021 and 2020 was 0.29 percent and 0.39 percent, respectively. The summary of long-term borrowings as of September 30, 2021 and 2020 are as follows: September 30, 2021 2020 Weighted Average Weighted Average Amount Rate Amount Rate (In thousands) Due by September 30: 2021 $ — — $ 110,000 0.76 2022 90,000 0.76 20,000 2.29 Total FHLB Advances $ 90,000 0.76 % $ 130,000 0.99 % Note 10 - Borrowings (Continued) At September 30, 2021, the Company had $90.0 million in outstanding long-term fixed rate FHLB advances and $376.6 million in potential FHLB advances available to us, which is based on the amount of FHLB stock held or levels of other assets, including U.S. government securities, and certain mortgage loans which are available for collateral. During both fiscal year 2021 and 2020, the Company did not purchase any securities sold under agreements to repurchase as a short-term funding source. The Company had no secured borrowing agreements with a third party at September 30, 2021 compared to two loans totaling $4.2 million at September 30, 2020. Subsequent to September 30, 2020, the one loan participation agreement was extinguished and was no longer a secured borrowing.

Derivatives

Derivatives	12 Months Ended
	Sep. 30, 2021
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Derivatives	Note 11 - Derivatives 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 September 30, 2021, such derivatives were used to hedge the variable cash flows associated with FHLB advances. Amounts reported in accumulated other comprehensive (loss) income 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 $182,000 to be reclassified to earnings in interest expense. The Company is hedging its exposure to the variability in future cash flows for forecasted transactions over a maximum period of twenty months (excluding forecasted transactions related to the payment of variable interest on existing financial instruments). The Company executes interest rate swaps with commercial banking customers to facilitate their respective risk management strategies. Those interest rate swaps are simultaneously hedged by offsetting interest rate swaps that the Company executes with a third party, such that the Company minimizes its net risk exposure resulting from such transactions. These derivatives are not designated as hedges and are not speculative. Rather, these derivatives result from a service the Company provides to certain customers, which the Company implemented during the first quarter of fiscal year 2019. As the interest rate swaps associated with this program do not meet the hedge accounting requirements, changes in the fair value of both the customer swaps and the offsetting swaps are recognized directly in earnings. Note 1 1 - Derivatives (Continued) 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 September 30, 2021 and 2020: September 30, 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 $ 40,000 $ 14 Other assets $ 30,000 $ 47 Other liabilities Derivatives not designated as a hedging instrument: Interest rate swap agreement $ 44,748 $ 4,671 Other assets $ 44,748 $ 4,673 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 Offsetting of Derivative Assets (In thousands) as of September 30, 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 $ 4,685 $ — $ 4,685 $ — $ — $ 4,685 Offsetting of Derivative Liabilities (In thousands) as of September 30, 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 $ 4,720 $ — $ 4,720 $ 221 $ 8,257 $ (3,758 ) Note 11 - Derivatives (Continued) 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) income and the Consolidated Statements of Operations relating to the cash flow derivative instruments for the years ended September 30, 2021 and 2020. For the Year Ended September 30, 2021 Amount of Gain Recognized in OCI on Derivative Amount of Loss Reclassified from OCI to Interest Expense (In thousands) Interest rate swap agreements $ 255 $ (995 ) Total derivatives $ 255 $ (995 ) For the Year Ended September 30, 2020 Amount of Loss Recognized in OCI on Derivative Amount of Gain Reclassified from OCI to Interest Expense (In thousands) Interest rate swap agreements $ (1,088 ) $ (437 ) Total derivatives $ (1,088 ) $ (437 ) Note 11 - Derivatives (Continued) The tables below present the effect of the Company’s derivative financial instruments on the Consolidated Statements of Operations for the years ended September 30, 2021 and 2020. For the Year Ended September 30, 2021 Consolidated Statements of Operations Amount of Loss Recognized in Income on derivatives (In thousands) Derivatives not designated as a hedging instrument: Interest rate swap agreement Other income $ 2 Total $ 2 For the Year Ended September 30, 2020 Consolidated Statements of Operations Amount of Loss Recognized in Income on derivatives (In thousands) Derivatives not designated as a hedging instrument: Interest rate swap agreement Other income $ (6 ) Total $ (6 ) The Company has agreements with each of its derivative counterparties that contain a provision where if the Company defaults on any of its indebtedness, including default where repayment of the indebtedness has not been accelerated by the lender, then the Company could also be declared in default on its derivative obligations. At September 30, 2021 and 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 September 30, 2021 and 2020. At September 30, 2021 and 2020, the Company has minimum collateral posting thresholds with certain of its derivative counterparties and has posted collateral of $8.3 million and $12.9 million, respectively, against its obligations under these agreements. If the Company had breached any of these provisions at September 30, 2021, it could have been required to settle its obligations under the agreements at the termination value and would have been required to pay any additional amounts due in excess of amounts previously posted as collateral with the respective counterparty.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Sep. 30, 2021
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 12 - Fair Value Measurements The Company follows FASB ASC Topic 820 “Fair Value Measurement,” to record fair value adjustments to certain assets and to determine fair value disclosures for the Company’s financial instruments. Investment and mortgage-backed securities available for sale are recorded at fair value on a recurring basis. Additionally, from time to time, the Company may be required to record at fair value other assets on a nonrecurring basis, such as impaired loans, real estate owned and certain other assets. These nonrecurring fair value adjustments typically involve application of lower-of-cost-or-market accounting or write-downs of individual assets. 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. Note 1 2 - Fair Value Measurements (Continued) 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 as of and for the years ended September 30, 2021 and 2020. The tables below present the balances of assets measured at fair value on a recurring basis at September 30, 2021 and 2020: September 30, 2021 Total Level 1 Level 2 Level 3 (In thousands) Assets: Investment securities available-for-sale: Debt securities: U.S. government agencies $ 4,993 $ — $ 4,993 $ — State and municipal obligations 2,765 — 2,765 — Single issuer trust preferred security 875 — 875 — Corporate debt securities 32,180 — 32,180 — Total investment securities available-for-sale $ 40,813 $ — $ 40,813 $ — Equity securities: Mutual fund $ 1,500 $ 1,000 $ — $ 500 Total equity investment securities $ 1,500 $ 1,000 $ — $ 500 Derivative instruments $ 4,685 $ — $ 4,685 $ — Liabilities: Derivative instruments $ 4,720 $ — $ 4,720 $ — Note 12 - Fair Value Measurements (Continued) 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 — Total investment securities available-for-sale $ 30,018 $ — $ 30,018 $ — Equity securities: Mutual fund $ 1,523 $ 1,023 $ — $ 500 Total equity investment securities $ 1,523 $ 1,023 $ — $ 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 years ended September 30, 2021 and September 30, 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, September 30, 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, September 30, 2020 $ 500 Note 12 - Fair Value Measurements (Continued) All 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 in fiscal year 2021 and fiscal year 2020 that were still held at the end of the period, the following table provides the level of valuation assumptions used to determine each adjustment and the carrying value of the related individual assets or portfolios at September 30, 2021 and 2020: September 30, 2021 Total Level 1 Level 2 Level 3 (In thousands) Other real estate owned $ 4,961 $ — $ — $ 4,961 Impaired loans (1) 33,876 18,900 — 14,976 Total $ 38,837 $ 18,900 $ — $ 19,937 September 30, 2021 Fair Value at September 30, 2021 Valuation Technique Unobservable Input Range/(Weighted Average) (In thousands) Other real estate owned $ 4,961 Appraisal of Collateral(2) Collateral discount(3) 6.4%/(6.4%) Impaired loans (1) 33,876 Appraisal of Collateral(2) Collateral discount(3) (4.0%) – (12%)/(8%) Total $ 38,837 (1) Consisted of eight loans with an aggregate balance of $35.4 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) (In thousands) Other real estate owned $ 5,796 Appraisal of Collateral(2) Collateral discount(3) 6.5%/(6.5%) Impaired loans (1) 7,920 Appraisal of Collateral(2) Collateral discount(3) (2.0%) - 20%/(1.4%) Total $ 13,716 (1) Consisted of four 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 Note 12 - Fair Value Measurements (Continued) At September 30, 2021 and 2020, the Company did not have any additions to our mortgage servicing assets. At September 30, 2021 and September 30, 2020 the Company sold loans with servicing released. T he 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 a ppropriate valuation methods. However, considerable judgment is necessarily required to interpret market data to develo p 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 September 30, 2021 and 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 September 30, 2021 and 2020 and, therefore, current estimates of fair value may differ significantly from the amounts presented herein. The following assumptions were used to estimate the fair value of the Company’s financial instruments: Cash and Cash Equivalents —These assets are carried at historical cost. The carrying amount is a reasonable estimate of fair value because of the relatively short time between the origination of the instrument and its expected realization. Investment Securities — Investment, mortgage-backed securities available for sale, and mutual funds (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. At September 30, 2021 four of our commercial real estate loans totaling $32.5 million classified as held-for sale were deemed impaired. Three of the commercial real estate loans totaling $18.9 million was fair valued at level 1 input is based off of a subsequent sale and the other commercial real estate loan totaling $13.6 million was fair valued at level 3 is based off of an appraisal. 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 Federal Reserve Bank, FHLB and ACBB, 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. Note 1 2 - Fair Value Measurements (Continued) Other Real Estate Owned —Assets acquired through foreclosure or deed in lieu of foreclosure are recorded at estimated fair value less estimated selling costs when acquired, thus establishing a new cost basis. Fair value is generally based on independent appraisals. These appraisals include adjustments to comparable assets based on the appraisers’ market knowledge and experience, and are considered level 3 inputs. When an asset is acquired, the excess of the loan balance over fair value, less estimated selling costs, is charged to the allowance for loan losses. If the estimated fair value of the asset declines in subsequent periods, 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 time deposits of similar maturities. Fair value approximates book value for savings accounts, checking and negotiable order of withdrawal accounts (“NOW accounts”), and money market accounts. Borrowings —Advances from the FHLB are carried at amortized cost. However, we are required to estimate the fair value of long-term debt under FASB ASC 825. The fair value is based on the contractual cash flows discounted using rates currently offered for new notes with similar remaining maturities. Subordinated Debt —The calculation of fair value in level 2 is based on observable market values where available. Derivatives —The fair value of derivatives are based on valuation models using observable market data as of the measurement date (level 2). Our derivatives are traded in an over-the-counter market where quoted market prices are not always available. Therefore, the fair values of derivatives are determined using quantitative models that utilize multiple market inputs. The inputs will vary based on the type of derivative, but could include interest rates, prices and indices to generate continuous yield or pricing curves, prepayment rate, and volatility factors to value the position. The majority of market inputs is actively quoted and can be validated through external sources, including brokers, market transactions and third-party pricing services. Accrued Interest Payable —This liability is carried at historical cost. The carrying amount is a reasonable estimate of fair value because of the relatively short time between the origination of the instrument and its expected realization. Commitments to Extend Credit and Letters of Credit —The majority of the Company’s commitments to extend credit and letters of credit carry current market interest rates if converted to loans and are not included in the table below. Because commitments to extend credit and letters of credit are generally unassignable by either the Company 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. Note 1 2 - Fair Value Measurements (Continued) The carrying amount and estimated fair value of the Company’s financial instruments as of September 30, 2021 and 2020 were as follows: ​ Carrying Amount Fair Value Level 1 Level 2 Level 3 ​ (In thousands) September 30, 2021: Financial assets: ​ ​ ​ ​ ​ Cash and cash equivalents $ 136,590 $ 136,590 $ 136,590 $ — $ — Investment securities available-for-sale 40,813 40,813 — 40,813 — Investment securities held-to-maturity 28,507 28,913 — 28,913 — Equity securities 1,500 1,500 1,000 — 500 Loans receivable, net (including impaired ) 902,981 900,357 — — 900,357 Loans Held For Sale 33,199 33,199 19,583 — 13,616 Accrued interest receivable 3,512 3,512 — 3,512 — Restricted stock 7,776 7,776 — 7,776 — Mortgage servicing rights (included in Other Assets) 83 83 — 83 — Derivatives (included in Other Assets) 4,685 4,685 — 4,685 — Financial liabilities: ​ ​ ​ ​ ​ Savings accounts 50,582 50,582 — 50,582 — Checking and NOW accounts 390,494 390,494 — 390,494 — Money market accounts 385,480 385,480 — 385,480 — Certificates of deposit 111,603 113,323 — 113,323 — Borrowings (excluding sub debt) 90,000 90,215 — 90,215 — Subordinated debt 24,934 25,027 — 25,027 — Derivatives (included in Other Liabilities) 4,720 4,720 — 4,720 — Accrued interest payable 572 572 — 572 — September 30, 2020: Financial assets: ​ ​ ​ ​ ​ Cash and cash equivalents $ 61,439 $ 61,439 $ 61,439 $ — $ — Investment securities available-for-sale 30,018 30,018 — 30,018 — Investment securities held-to-maturity 14,970 15,608 — 15,608 — Equity securities 1,523 1,523 1,023 — 500 Loans receivable, net (including impaired loans) 1,026,984 1,035,941 — — 1,035,941 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 —

Income Taxes

Income Taxes	12 Months Ended
	Sep. 30, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Note 13 - Income Taxes In accordance with ASC Topic 740, the Company evaluates on a quarterly basis all evidence, both positive and negative, to determine whether, based on the weight of that evidence, a valuation allowance for DTAs is needed. In conducting this evaluation, management explores all possible sources of taxable income available under existing tax laws to realize the net DTA beginning with the most objectively verifiable evidence first, including available carry back claims and viable tax planning strategies. If needed, management will look to future taxable income as a potential source. Management reviews the Company’s current financial position and its results of operations for the current and preceding years. That historical information is supplemented by all currently available information about future years. The Company understands that projections about future performance are subjective. Deferred income taxes at September 30, 2021 and 2020 were as follows: September 30, 2021 2020 (In thousands) DTAs: Allowance for loan losses $ 2,807 $ 3,053 Non-accrual interest 276 29 Supplement Employer Retirement Plan 173 193 Federal and State net operating loss 155 6 Unrealized loss on investments available-for-sale — 296 Depreciation 53 36 Lease liability 448 656 Other 113 89 Total DTAs 4,025 4,358 Valuation allowance for DTAs — — Total DTAs, Net of Valuation Allowance $ 4,025 $ 4,358 DTLs: Unrealized gain on investments available-for-sale (3 ) — Mortgage servicing rights (20 ) (27 ) Right of use asset (440 ) (648 ) Other (32 ) (3 ) Total DTLs (495 ) (678 ) DTAs, Net $ 3,530 $ 3,680 Of these DTAs, the carryforward periods for certain tax attributes are as follows: • The Company has recorded federal net operating loss carryforwards of approximately $563,000 and $0 million as of September 30, 2021 and 2020, respectively. These net operating losses do not expire • The Company has recorded state net operating loss carryforwards of approximately $36,500 and $12,000 as of September 30, 2021 and 2020 , respectively. These net operating losses will begin to expire in 2033. Note 13 – Income Taxes (Continued) Income tax benefit for the fiscal years ended September 30, 2021 and 2020 was comprised of the following: September 30, 2021 2020 (In thousands) Federal: Current $ (62) $ 394 Deferred (112 ) (495 ) (174 ) (101 ) State: Current - 271 Deferred (38 ) (206 ) (38 ) 65 Total income tax benefit $ (212 ) $ (36 ) A reconciliation from the expected federal income tax expense (benefit) computed at the statutory federal income tax rate to the actual income tax benefit included in the consolidated statements of income for the fiscal years ended September 30, 2021 and 2020: September 30, 2021 2020 (In thousands) Tax at statutory rate $ (64) (21.0) % $ 128 21.0 % Adjustments resulting from: State tax, net of federal benefit (30) (9.8) 51 8.5 Tax-exempt interest (26) (8.6) (59 ) (9.7 ) Earnings on bank-owned life insurance (138 ) (45.3) (107 ) (17.6 ) Other 46 15.1 (49 ) (8.1 ) Total $ (212 ) (69.6) % $ (36 ) (5.9 )% It is the Company’s policy to provide for uncertain tax positions and the related interest and penalties based upon management’s assessment of whether a tax benefit is more like than not to be sustained upon examination by tax authorities. As of September 30, 2021 and 2020, there were no material uncertain tax positions related to federal and state income tax matters. The Company is currently open to audit under the statute of limitation by the Internal Revenue Service and state taxing authorities for the years ended September 30, 2018 to September 30, 2021. The Small Business Job Protection Act of 1996 provides for the repeal of the tax bad debt deduction computed under the percentage-of-taxable-income method. Upon repeal, the Company was required to recapture into income, over a six-year period, the portion of its tax bad debt reserves that exceeds its base year reserves (i.e., tax reserves for tax years beginning before 1988). The base year tax reserves, which may be subject to recapture if the Company ceases to qualify as a bank for federal income tax purposes, are restricted with respect to certain distributions and have been treated as a permanent tax difference.

Leases

Leases	12 Months Ended
	Sep. 30, 2021
Leases [Abstract]
Leases	Note 14 – 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. As of September 30, 2021, the Company leases one financial center located in Glen Mills, Pennsylvania; one private banking office located in Villanova, Pennsylvania; one private banking office in Morris County located in Morristown, New Jersey; one private banking office located in Palm Beach, Florida; one representative office located in Wellington, Florida; one representative office located in Allentown, Pennsylvania and one administrative office in Quakertown, Pennsylvania. The Company has elected not to recognize ROU assets and lease liabilities for one private banking office leases and two representative office leases whose terms are twelve months or less and are considered short-term leases. The financial center lease, two private banking office leases, and one administrative office lease 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 for the fiscal years ended September 30, 2021 and 2020 were as follows: September 30, 2021 2020 In thousands Operating lease cost $ 661 $ 698 Finance lease cost — — Short-term lease cost 95 104 Total $ 756 $ 802 Supplemental information at and for September 30, 2021 and the fiscal year ended September 30, 2020 related to leases was as follows: September 30, 2021 September 30, 2020 (Dollars in thousands) (Dollars in thousands) Supplemental balance sheet information Operating lease right-of-use assets $ 1,796 $ 2,638 Operating lease liabilities $ 1,830 $ 2,671 Weighted average remaining lease term 4.50 years 5.40 years Weighted average discount rate 1.99 % 1.99 % Twelve Months Ended September 30, 2021 Twelve Months Ended September 30, 2020 (In thousands) (In thousands) Supplemental cash flow information Operating cash flows from operating leases $ 893 $ 667 ROU assets obtained in exchange for lease obligations $ 3,279 $ 3,279 Note 14 – Leases (Continued) Maturities of lease liabilities were as follows: Operating Leases (In thousands) Years ended September 30: 2022 $ 449 2023 431 2024 431 2025 432 2026 153 Thereafter 51 Total lease payments $ 1,947 Less: imputed interest (117) Total $ 1,830 The Company receives rents from the lease of office and residential space owned by the Company. Rental income is included in Other Income. Future minimum rental commitments under these leases are (in thousands): Years ending September 30: 2022 $ 95 2023 — 2024 — 2025 — 2026 — $ 95

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Sep. 30, 2021
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 15 - Commitments and Contingencies The Company is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments include commitments to extend credit, unused lines of credit and standby letters of credit. Such commitments involve, to varying degrees, elements of credit, and interest rate risk in excess of the amount recognized in the statements of financial condition. The Company’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit is represented by the contractual amount of those instruments. The Company uses the same credit policies in making commitments and conditional obligations as it does for on-balance sheet instruments. Letters of credit are conditional commitments issued by the Company guaranteeing payments of drafts in accordance with the terms of the letter of credit agreements. Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third party. Collateral may be required to support letters of credit based upon management’s evaluation of the creditworthiness of each customer. The credit risk involved in issuing letters of credit is substantially the same as that involved in extending loan facilities to customers. Most letters of credit expire within one year. At both September 30, 2021 and 2020, the uncollateralized portion of the letters of credit extended by the Company was approximately $9.0 million and $9.1 million, respectively. The current amount of the liability for guarantees under letters of credit was not material as of September 30, 2021 or 2020. Note 15 – Commitments and Contingencies (Continued) At September 30, 2021 and 2020, the following financial instruments were outstanding whose contract amounts represent credit risk: September 30, 2021 2020 (In thousands) Commitments to extend credit: Future loan commitments $ 32,889 $ 7,687 Undisbursed construction loans 12,672 24,551 Undisbursed home equity lines of credit 25,722 24,751 Undisbursed commercial lines of credit 19,901 22,918 Undisbursed commercial unsecured lines of credit 66,941 58,445 Overdraft protection lines 1,549 1,362 Standby letters of credit 9,026 9,074 Total Commitments $ 168,700 $ 148,788 Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. The Company evaluates each customer’s credit worthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Company upon extension of credit, is based on management’s credit evaluation. Collateral held varies but generally includes personal or commercial real estate. Unfunded commitments under commercial lines of credit are collateralized except for the overdraft protection lines of credit and commercial unsecured lines of credit. The amount of collateral obtained is based on management’s credit evaluation, and generally includes personal or commercial real estate. Various legal claims arise from time to time in the normal course of business which, in the opinion of management, will have no material effect on the Company’s consolidated financial statements.

Regulatory Matters

Regulatory Matters	12 Months Ended
	Sep. 30, 2021
Regulatory Matters Disclosure [Abstract]
Regulatory Matters	Note 16 - Regulatory Matters Shareholders’ Equity On March 14, 2019, the Company’s Board of Directors approved a stock repurchase plan, under which the Company is authorized to repurchase up to 194,516 shares, or approximately 2.5 percent of the Company’s current outstanding common stock. On February 28, 2020, the Company’s Board of Directors extended the timeframe for its current stock repurchase program from March 31, 2020, to December 31, 2020. During the fiscal year ended September 30, 2020, the Company purchased 177,653 shares of its common stock in the open market under the repurchase plan at an average cost of $14.23 per share. This plan expired during fiscal year end September 30, 2021 and was not further extended, and no shares were purchased after December, 2020. 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 Bank’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of the Bank’s assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. The Bank’s capital amounts and 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 Note 1 6 - Regulatory Matters (Continued) and w r r r a a r a s e a a r r a a a r l r s F m Malvern a a r a of f iv J n 1 e a a a r m a a r a r J n 1 Quantitative measures established by regulation to ensure capital adequacy require the Bank to maintain minimum amounts and ratios (set forth in the table below) of tangible and core capital (as defined in the regulations) to total adjusted tangible assets (as defined) and of risk-based capital (as defined) to risk-weighted assets (as defined). As of September 30, 2021, the Company’s and the Bank’s current capital levels exceed the required capital amounts to be considered “well capitalized” and we believe they also meet the fully-phased in minimum capital requirements, including the related capital conservation buffers, as required by the Basel III capital rules. The following table summarizes the Company’s compliance with applicable regulatory capital requirements as of September 30, 2021 and 2020: Actual For Capital Adequacy Purposes To Be Well Capitalized Under Prompt Corrective Action Provisions (1) (In thousands) Capital Amount Ratio Capital Amount Ratio Capital Amount Ratio As of September 30, 2021: Tier 1 Leverage (Core) Capital (to average assets) $ 142,132 11.84 % $ 48,020 4.00 % N/A N/A Common Equity Tier 1 Capital (to risk- weighted assets) 142,132 14.53 % 44,024 4.50 % N/A NA Tier 1 Capital (to risk-weighted assets) 142,132 14.53 % 58,699 6.00 % N/A NA Total Risk-Based Capital (to risk- weighted assets) 178,620 18.26 % 78,265 8.00 % N/A N/A As of September 30, 2020: Tier 1 Leverage (Core) Capital (to average assets) $ 141,681 11.63 % $ 48,743 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 (1) The Company is not subject to the regulatory capital ratios imposed by Basel III on bank holding companies because the Company was deemed to be a small bank holding company as of September 30, 2021 and 2020. Note 16 - Regulatory Matters (Continued) The following table summarizes the Bank’s compliance with applicable regulatory capital requirements as of September 30, 2021 and 2020: To Be Well Capitalized For Capital Under Prompt Corrective Actual Adequacy Purposes Action Provisions (In thousands) Capital Amount Ratio Capital Amount Ratio Capital Amount Ratio As of September 30, 2021: Tier 1 Leverage (Core) Capital (to average assets) $ 157,518 13.14 % $ 47,946 4.00 % $ 59,933 5.00 % Common Equity Tier 1 Capital (to risk- weighted assets) 157,518 16.13 % 43,934 4.50 % 63,460 6.50 % Tier 1 Capital (to risk-weighted assets) 157,518 16.13 % 58,579 6.00 % 78,105 8.00 % Total Risk-Based Capital (to risk-weighted assets) 169,072 17.32 % 78,105 8.00 % 97,632 10.00 % As of September 30, 2020: Tier 1 Leverage (Core) Capital (to average 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 % The following table presents a reconciliation of the Bank’s equity determined using GAAP and its regulatory capital amounts as of September 30, 2021 and 2020: September 30, 2021 2020 (In thousands) Bank GAAP equity $ 157,554 $ 154,487 Net unrealized loss on securities available for sale, net of income taxes (45) 93 Net unrealized loss on derivatives, net of income taxes 9 995 Tangible Capital, Core Capital and Tier 1 Capital 157,518 155,575 Allowance for loan losses 11,554 12,515 Total Risk-Based Capital $ 169,072 $ 168,090

Comprehensive Income

Comprehensive Income	12 Months Ended
	Sep. 30, 2021
Equity [Abstract]
Comprehensive Income	Note 17 – Comprehensive Income The components of accumulated other comprehensive income (loss) included in shareholders’ equity are as follows: September 30, 2021 2020 (In thousands) Net unrealized holding gains (losses) on available-for- sale securities $ 57 $ (118 ) Tax effect (12 ) 25 Net of tax amount 45 (93 ) Fair value adjustment on derivatives (11 ) (1,260 ) Tax effect 2 265 Net of tax amount (9 ) (995 ) Total accumulated other comprehensive income (loss) $ 36 $ (1,088 ) Note 17 – Comprehensive Income (Continued) Other comprehensive income (loss) and related tax effects are presented in the following table: Year Ended September 30, 2021 2020 (In thousands) Net unrealized holding gains on available-for-sale securities $ 950 $ 320 Reclassification adjustment for net gains arising during the period (779 ) (330 ) Adjustment for loss recorded on replacement of derivative (9) 31 Amortization of unrealized holding losses on securities available-for-sale transferred to held-to-maturity 4 3 Fair value adjustment on derivatives 1,258 (681 ) Other comprehensive income (loss) before taxes 1,424 (657 ) Tax effect (300) 138 Total other comprehensive income (loss) $ 1,124 $ (519 )

Equity Based Incentive Compensa

Equity Based Incentive Compensation Plan	12 Months Ended
	Sep. 30, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Equity Based Incentive Compensation Plan	Note 18 – 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 September 30, 2021, there were 299,288 remaining shares available for future grants. Restricted stock and option awards granted during fiscal year 2021 vest in 20 percent increments beginning on the one- year 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. During fiscal year 2021 and 2020, stock options covering a total 7,000 shares of common stock, respectively, were granted. During fiscal year 2021 and 2020, no stock options were forfeited. Total compensation expense related to options granted under the 2014 Plan was approximately $35,000 for fiscal year 2021 and $29,000 for fiscal year 2020. During fiscal year 2021, 12,363 shares of restricted stock were awarded and none of those shares were forfeited. During fiscal year 2020, 23,821 shares of restricted stock were awarded and 1,610 of those shares were forfeited. The compensation expense related to restricted and unrestricted stock awards was approximately $260,000 for fiscal year 2021 and $224,000 for fiscal year 2020. 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. Note 1 8 - Equity Based Incentive Compensation Plan (Continued) Stock Options The assumptions used in determining the fair value of stock option grants for the year ended September 30, 2021 are as follows: Weighted average fair value of awards $ 6.06 Risk-free rate 1.25 % Dividend yield — % Volatility 29.72 % Expected life 6.5 years The assumptions used in determining the fair value of stock option grants for the year ended September 30, 2020 are as follows: Weighted average fair value of awards $ 4.72 Risk-free rate 1.22 % Dividend yield — % Volatility 19.86 % Expected life 6.5 years The following is a summary of currently outstanding options at September 30, 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 7,000 $ 18.69 $ — Exercised — $ — $ — Forfeited/cancelled/expired — $ — $ — Outstanding, end of year 32,830 $ 20.96 7.392 $ 1,940 Exercisable at end of year 13,310 $ 21.53 6.193 $ 1,940 Nonvested at end of year 19,520 $ 20.56 The following is a summary of currently outstanding options at September 30, 2020: Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term (In Years) Aggregate Intrinsic Value Outstanding, beginning of year 18,830 $ 22.05 $ 21,350 Granted 7,000 $ 20.28 $ — Exercised — $ — $ — Forfeited/cancelled/expired — $ — $ — Outstanding, end of year 25,830 $ 21.57 7.819 $ — Exercisable at end of year 8,140 $ 21.50 6.794 $ — Nonvested at end of year 17,690 $ 21.60 As of September 30, 2021, there was $92,000 of total unrecognized compensation cost related to non-vested options under the Plan. The cost is expected to be recognized over a weighted average period of 3.31 years. Note 18 - Equity Based Incentive Compensation Plan (Continued) Restricted Stock Awards The table below summarizes the activity for the Company’s restricted stock outstanding at September 30, 2021: Shares Weighted Average Fair Value Outstanding, beginning of year 30,653 $ 21.98 Granted 12,363 18.69 Vested (11,530 ) 20.82 Forfeited/cancelled/expired — — Outstanding, end of year 31,486 $ 21.10 The table below summarizes the activity for the Company’s restricted stock outstanding at September 30, 2020: Shares Weighted Average Fair Value Outstanding, beginning of year 18,493 $ 21.78 Granted 23,821 19.62 Vested (10,051 ) 16.62 Forfeited/cancelled/expired (1,610 ) 21.43 Outstanding, end of year 30,653 $ 21.98 As of September 30, 2021, there was $367,000 of total unrecognized compensation cost related to non-vested shares of restricted stock granted under the Plan. The cost is expected to be recognized over a weighted average period of 3.27 years.

Subordinated Debt

Subordinated Debt	12 Months Ended
	Sep. 30, 2021
Debt Disclosure [Abstract]
Subordinated Debt	Note 19 – Subordinated Debt On February 7, 2017, the Company issued $25.0 million in aggregate principal amount of its 6.125 percent fixed-to-floating rate subordinated notes due 2027 (the “Notes”). The Notes have a stated maturity of February 15, 2027, are redeemable, in whole or in part, on or after February 15, 2022, and at any time upon the occurrences of certain events. The Notes bear interest at a fixed rate of 6.125 percent per year, from and including February 7, 2017 to, but excluding February 15, 2022. From and including February 15, 2022 to the maturity date or earlier redemption date, the interest rate will reset quarterly at a variable rate equal to the then current 3-month LIBOR plus 414.5 basis points. The Notes were structured to qualify as Tier 2 capital for regulatory purposes. The Company’s net subordinated debt totaled $24.9 million ($737,000 represents original debt issuance costs) at September 30, 2021. The Company may not redeem the Notes prior to February 15, 2022, except that the Company may redeem the Notes at any time, at its option, in whole but not in part, subject to obtaining any required regulatory approvals, if (i) a change or prospective change in law occurs that could prevent the Company from deducting interest payable on the Notes for U.S. federal income tax purposes, (ii) a subsequent event occurs that precludes the Notes from being recognized as Tier 2 capital for regulatory capital purposes, or (iii) the Company is required to register as an investment company under the Investment Company Act of 1940, as amended, in each case, at a redemption price equal to 100 percent of the principal amount of the Notes plus any accrued and unpaid interest through, but excluding, the redemption date.

Condensed Financial Information

Condensed Financial Information - Parent Company Only	12 Months Ended
	Sep. 30, 2021
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]
Condensed Financial Information - Parent Company Only	Note 20 – Condensed Financial Information - Parent Company Only Condensed Statements of Financial Condition September 30, 2021 2020 (In thousands) Assets Cash and Cash Equivalents $ 6,878 $ 8,411 Investment in subsidiaries 157,554 154,487 Loans receivable, net 934 1,104 Other assets 1,916 1,536 Total Assets $ 167,282 $ 165,538 Liabilities Subordinated debt $ 24,934 $ 24,776 Accrued interest payable 196 196 Accounts payable (16 ) (27 ) Total Liabilities 25,114 24,945 Shareholders’ Equity 142,168 140,593 Total Liabilities and Shareholders’ Equity $ 167,282 $ 165,538 Note 20 – Condensed Financial Information - Parent Company Only (Continued) Condensed Statements of Operations Year Ended September 30, 2021 2020 (In thousands) Income Interest income $ 51 $ 59 Total Interest Income 51 59 Expense Long-term borrowings 1,536 1,531 Total Interest Expense 1,536 1,531 Other operating expenses 560 375 Total Other Expenses 560 375 Total Expense 2,096 1,906 Loss before Equity in Undistributed Net Income of Subsidiaries and Income Tax Benefit (2,045 ) (1,847 ) Equity in Undistributed Net Income of Subsidiaries 1,473 2,071 Income tax benefit (480 ) (420 ) Net (Loss) Income $ (92 ) $ 644 Condensed Statements of Comprehensive Income Year Ended September 30, (In thousands) 2021 2020 Net (Loss) Income $ (92 ) $ 644 Other Comprehensive (Loss) Income, Net of Tax: Unrealized holding gains on available-for- sale securities 950 320 Tax effect (199 ) (67 ) Net of tax amount 751 253 Reclassification adjustment for net gains arising during the period ( 1) (779 ) (330 ) Tax effect 163 69 Net of tax amount (616 ) (261 ) Adjustment for loss recorded on replacement of derivative (9 ) 31 Accretion of unrealized holding losses on securities transferred from available-for-sale to held-to-maturity ( 2) 4 3 Tax effect (1 ) (1 ) Net of tax amount 3 2 Fair value adjustment on derivatives 1,258 (681 ) Tax effect (263 ) 137 Net of tax amount 995 (544 ) Total other comprehensive income (loss) 1,124 (519 ) Total comprehensive income $ 1,032 $ 125 (1) (2) Amounts are included in interest and dividends on investment securities on the Consolidated Statements of Operations. Note 20 – Condensed Financial Information - Parent Company Only (Continued) Condensed Statements of Cash Flows Year Ended September 30, 2021 2020 (In thousands) Cash Flows from Operating Activities Net (loss) income $ (92 ) $ 644 Undistributed net income of subsidiaries (1,473 ) (2,071 ) ESOP expense 248 236 Stock based compensation 295 253 Amortization of subordinated debt issuance costs 158 157 Increase in other assets ( 850 ) (838 ) Increase (decrease) in other liabilities 11 (41 ) Net Cash Used in Operating Activities (1,703 ) (1,660 ) Cash Flows from Investing Activities Net decrease in loans 170 162 Net Cash Provided by Investing Activities 170 162 Cash Flows from Financing Activities Acquisition of treasury stock — (2,529 ) Proceeds from other borrowings 5,000 — Repayments of other borrowings (5,000 ) — Net Cash (Used in) Provided by Financing Activities — (2,529 ) Net Decrease in Cash and Cash Equivalents (1,533 ) (4,027 ) Cash and Cash Equivalents - Beginning 8,411 12,438 Cash and Cash Equivalents - Ending $ 6,878 $ 8,411

Quarterly Financial Information

Quarterly Financial Information of Malvern Bancorp Inc. (Unaudited)	12 Months Ended
	Sep. 30, 2021
Quarterly Financial Information Disclosure [Abstract]
Quarterly Financial Information of Malvern Bancorp Inc. (Unaudited)	Note 21 – Quarterly Financial Information (Unaudited) The following tables are a summary of certain quarterly financial data for the fiscal years ended September 30, 2021 and 2020. 2021 4 th. 3 rd. 2 nd. 1 st. (In thousands, except share data) Total Interest and Dividend Income $ 8,862 $ 9,419 $ 9,539 $ 10,596 Total Interest Expense 2,037 2,290 2,737 3,292 Net Interest Income 6,825 7,129 6,802 7,304 Provision for Loan Losses 10,626 — — 550 Total Other Income 579 793 1,167 1,224 Total Other Expenses 5,084 5,832 5,063 4,972 Income (Loss) before income tax expense (8,306 ) 2,090 2,906 3,006 Income tax (benefit) expense (2,116 ) 489 682 733 Net (Loss) Income $ (6,190 ) $ 1,601 $ 2,224 $ 2,273 (Loss) Earnings Per Common Share: Basic $ (0.82 ) $ 0.21 $ 0.30 $ 0.30 Diluted $ (0.82 ) $ 0.21 $ 0.30 $ 0.30 Weighted Average Common Shares Outstanding Basic 7,548,958 7,545,371 7,529,408 7,525,808 Diluted 7,550,766 7,546,200 7,530,151 7,526,376 Note 21 – Quarterly Financial Information (Unaudited) (Continued) 2021 4 th. 3 rd. 2 nd. 1 st. (In thousands, except share data) Cash and due from depository institutions $ 99,670 $ 90,441 $ 99,358 $ 83,764 Interest-bearing deposits in depository institutions 36,920 14,513 9,556 25,458 Investment securities, available for sale, at fair value 40,813 32,998 27,397 33,704 Equity Securities 1,500 1,504 1,502 1,520 Investment securities held to maturity 28,507 31,795 25,834 14,161 Restricted stock, at cost 7,776 7,896 8,891 9,327 Loans receivable, net of allowance for loan losses 902,981 940,735 974,596 990,346 Loans held-for-sale 33,199 — — — OREO 4,961 4,961 5,796 5,796 Accrued interest receivable 3,512 3,370 3,598 4,051 Operating lease right-of-use-assets 1,796 2,168 2,322 2,479 Property and equipment, net 5,777 5,902 6,040 6,154 Deferred income taxes, net 3,530 3,389 3,535 3,601 Bank-owned life insurance 26,056 25,889 25,725 25,564 Other assets 12,145 20,183 12,269 14,999 Total assets $ 1,209,143 $ 1,185,744 $ 1,206,419 $ 1,220,924 Deposits $ 938,159 $ 907,704 $ 912,213 $ 900,465 FHLB advances 90,000 90,000 110,000 130,000 Secured borrowings — — — — Other borrowings — — — 5,000 Subordinated debt 24,934 24,895 24,855 24,816 Operating lease liabilities 1,830 2,204 2,357 2,512 Other liabilities 12,052 12,749 11,143 14,865 Shareholders' equity 142,168 148,192 145,851 143,266 Total liabilities and shareholders' equity $ 1,209,143 $ 1,185,744 $ 1,206,419 $ 1,220,924 Note 21 – Quarterly Financial Information (Unaudited) (Continued) 2020 4 th. 3 rd. 2 nd. 1 st. (In thousands, except share data) Total Interest and Dividend Income $ 10,340 $ 10,498 $ 11,629 $ 11,840 Total Interest Expense 3,620 3,867 4,836 4,952 Net Interest Income 6,720 6,631 6,793 6,888 Provision for Loan Losses 7,400 435 625 2,150 Total Other Income 692 389 964 443 Total Other Expenses 4,558 4,684 4,638 4,422 Income before income tax expense (4,546 ) 1,901 2,494 759 Income tax expense (1,043 ) 447 586 (26 ) Net Income $ (3,503 ) $ 1,454 $ 1,908 $ 785 Earnings Per Common Share: Basic $ (0.46 ) $ 0.19 $ 0.25 $ 0.10 Diluted $ (0.46 ) $ 0.19 $ 0.25 $ 0.10 Weighted Average Common Shares Outstanding Basic 7,522,199 7,538,375 7,663,771 7,665,842 Diluted 7,522,360 7,538,375 7,663,771 7,665,842 Note 21 – Quarterly Financial Information (Unaudited) (Continued) 2020 4 th. 3 rd. 2 nd. 1 st. (In thousands, except share data) Cash and due from depository institutions $ 16,386 $ 30,653 $ 1,829 $ 1,337 Interest-bearing deposits in depository institutions 45,053 28,291 124,239 158,465 Investment securities, available for sale, at fair value 30,018 31,722 20,325 22,225 Equity Securities 1,523 1,523 1,514 1,498 Investment securities held to maturity 14,970 15,921 18,046 20,578 Restricted stock, at cost 9,622 9,766 10,913 11,115 Loans receivable, net of allowance for loan losses 1,026,894 1,032,318 1,007,132 996,879 OREO 5,796 5,796 5,796 5,796 Accrued interest receivable 3,677 5,680 4,121 4,061 Operating lease right-of-use-assets 2,638 2,799 2,959 3,119 Property and equipment, net 6,274 6,355 6,476 6,594 Deferred income taxes, net 3,680 3,103 2,974 2,806 Bank-owned life insurance 25,400 20,270 20,144 20,018 Other assets 16,344 13,873 13,869 8,341 Total assets $ 1,208,275 $ 1,208,070 $ 1,240,337 $ 1,262,832 Deposits $ 890,906 $ 884,444 $ 915,900 $ 943,819 FHLB advances 130,000 130,000 133,000 133,000 Secured borrowing 4,225 4,225 4,225 4,250 Subordinated debt 24,776 24,737 24,697 24,658 Operating lease liabilities 2,671 2,824 2,976 3,128 Other liabilities 15,104 18,309 16,389 10,442 Shareholders' equity 140,593 143,531 143,150 143,535 Total liabilities and shareholders' equity $ 1,208,275 $ 1,208,070 $ 1,240,337 $ 1,262,832

Subsequent Event

Subsequent Event	12 Months Ended
	Sep. 30, 2021
Subsequent Events [Abstract]
Subsequent Event	Note 22 – Subsequent Event Subsequent to September 30, 2021, the Company disposed of three commercial real estate loans with an aggregate book balance of $29.3 million. Included in these loans was one non-accrual loan totaling approximately $12.2 million and two performing TDR loans totaling $17.1 million. These loans were transferred to held-for-sale at a fair value of $18.9 million on September 30, 2021, and then subsequently sold at a net loss of approximately $10.8 million as compared to their recorded investment prior to reclassification of loans held-for-sale. There was one additional non-accrual commercial real estate loan transferred to held-for-sale at September 30, 2021, with an aggregate book balance of $13.6 million. The Company is continuing to evaluate a sale of this loan.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Sep. 30, 2021
Accounting Policies [Abstract]
Basis of Presentation and Consolidation	Basis of Presentation and Consolidation The consolidated financial statements at and for the years ended September 30, 2021, and 2020 include the accounts of Malvern Bancorp, Inc. and its subsidiaries. All significant intercompany transactions and balances have been eliminated. During the quarter-ended September 30, 2021, the Company identified and corrected an immaterial error totaling approximately $350 thousand related to an adjustment to non-accrued interest on charged off loans.
Use of Estimates	Use of Estimates The preparation of consolidated financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of income and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term, including novel coronavirus (“COVID-19”) related changes, are used in connection with the determination of the allowance for loan losses, the valuation of the Company’s deferred tax assets and the fair value of financial instruments.
Significant Group Concentrations of Credit Risk	Significant Group Concentrations of Credit Risk Most of the Company’s activities are with customers located within Chester County, Pennsylvania and Morris County, New Jersey. Our lending efforts are also focused in Bucks County, Montgomery County and Delaware County, which are also in southeastern Pennsylvania, as well as New Jersey and the New York metropolitan marketplace and Palm Beach Florida. Note 7 discusses the types of investment securities that the Company invests in. Note 8 discusses the types of lending that the Company engages in. The Company does not have any significant concentrations to any one industry or customer. Although the Company has a diversified loan portfolio, its debtors’ ability to honor their contracts is influenced by, among other factors, the region’s economy. Significant concentration of commercial real estate-backed loans, amounting to 4.7% and 4.8% of total loans held for investment, as of September 30, 2021 and September 30, 2020, respectively.
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 provided an estimated $2.2 trillion to fight the COVID-19 pandemic and stimulate the economy by supporting individuals and businesses through loans, grants, tax changes, and other types of relief. Under Section 4013 of the CARES Act 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 troubled debt restructure (“TDR”) and (2) any determination that such loan modifications would be considered a TDR, including the related impairment for accounting purposes. The suspension is applicable for the term of the loan modification that occurs during the applicable period for a loan that was not more than 30 days past due as of December 31, 2019. The suspension is not applicable to any adverse impact on the credit of a borrower that is not related to the pandemic. • Paycheck Protection Program – The CARES Act established the Paycheck Protection Program (“PPP”), an expansion of the Small Business Administration’s 7(a) loan program and the Economic Injury Disaster Loan Program (“EIDL”), administrated directly by the Small Business Administration (“SBA”). 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: Note 2 - Summary of Significant Accounting Policies (Continued) • Accounting for Loan Modifications – Loan modifications that do not meet the conditions of the CARES Act may still qualify as a modification that does not need to be accounted for as a TDR. The agencies confirmed with FASB staff that short-term modifications made on a good faith basis in response to COVID-19 to borrowers who are current prior to any relief are not TDRs. This includes short-term (e.g., six months) modifications such as payment deferrals, fee waivers, extensions of repayment terms, or insignificant delays in payments. 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.
Risks and Uncertainties	Risks and Uncertainties On March 11, 2020, the World Health Organization declared the outbreak of COVID-19 a global pandemic. Since then, the COVID-19 pandemic has continued to evolve and mutate, including through its variants, and has adversely affected, and may continue to adversely affect, local, national and global economic activity. Actions taken to help mitigate the spread of COVID-19 include restrictions on travel, localized quarantines, and government-mandated closures of certain businesses. While certain of these restrictions have been loosened, these same or new restrictions may be implemented again. Although vaccines for COVID-19 have largely been made available in the U.S., the ultimate efficacy of the vaccines will depend on various factors, including, without limitation, the number of people who receive the vaccines as well as the vaccines’ effectiveness against contracting and spreading COVID-19 and any of its existing or new variants. The spread of the outbreak has caused significant disruptions to the U.S. economy and has disrupted the financial industry and real estate markets in the areas in which the Company operates, and it may continue to do so. On March 3, 2020, the Federal Open Market Committee reduced the targeted federal funds interest rate range by 50 basis points to 1.00 percent to 1.25 percent. This range was further reduced to 0 percent to 0.25 percent on March 16, 2020, and as of September 30, 2021 the range was 0 percent to 0.25 percent. As mentioned in further detail in this Report, our net interest income is influenced by both the pricing and mix of our interest-earning assets and our interest-bearing liabilities which, in turn, are impacted by such external factors as the monetary policy of the Federal Open Market Committee. We are unable to predict changes in market interest rates, including the targeted federal funds interest rate, which are affected by many factors beyond our control. On March 27, 2020, the CARES Act was enacted to, among other things, provide emergency assistance for individuals, families and businesses affected by the COVID-19 pandemic. Although the CARES Act provided some relief to individuals, families and businesses, the negative impact of COVID-19 remains. These reductions in interest rates and other effects of the COVID-19 pandemic may materially and adversely affect the Company’s financial condition and results of operations in future periods. It is unknown how long the adverse conditions associated with the COVID-19 pandemic will last and what the complete financial effect will be to the Company. It is possible that estimates made in the financial statements could be materially and adversely impacted as a result of these conditions, including, without limitation, estimates regarding expected loan losses on loans receivable, market values of loans held-for-sale, and other-than-temporary impairment of investment securities. On December 27, 2020, the 2021 Consolidated Appropriations Act was signed into law. The $900 billion relief package includes legislation that extends certain relief provisions of the CARES Act that were set to expire on December 31, 2020. This new legislation extends this relief to the earlier of 60 days after the national emergency declared by the President is terminated or January 1, 2022. Note 2 - Summary of Significant Accounting Policies (Continued)
Cash and Cash Equivalents	Cash and Cash Equivalents For purposes of reporting cash flows, cash and cash equivalents include cash on hand, amounts due from depository institutions and interest-bearing deposits. The Company maintains cash deposits in other depository institutions that occasionally exceed the amount of deposit insurance available. Management periodically assesses the financial condition of these institutions and believes that the risk of any possible credit loss is minimal. Generally,
Investment Securities	Investment Securities Held-to-maturity (“HTM”) are securities that includes debt securities that the Company has the positive intent and the ability to hold to maturity. These securities are reported at amortized cost and adjusted for unamortized premiums and discounts. Securities held for trading are securities that are bought and held principally for the purpose of selling in the near term; these securities are reported at fair value, with unrealized gains and losses reported in current earnings. At September 30, 2021, and 2020, the Company had no investment securities classified as trading. Equity investment securities, made up of mutual funds for Community Reinvestment Act (CRA) qualified investments, are stated at fair value with any changes in fair value reported in non-interest income. Securities are evaluated on a quarterly basis, and more frequently when market conditions warrant such an evaluation, to determine whether declines in their value are other-than-temporary. To determine whether a loss in value is other-than-temporary, management utilizes criteria such as the reasons underlying the decline, the magnitude and duration of the decline and whether or not management intends to sell or expects that it is more likely than not that it will be required to sell the security prior to an anticipated recovery of the fair value. The term “other-than-temporary” is not intended to indicate that the decline is permanent but indicates that the prospects for a near-term recovery of value is not necessarily favorable, or that there is a lack of evidence to support a realizable value equal to or greater than the carrying value of the investment. Once a decline in value for a debt security is determined to be other-than-temporary, the other-than-temporary impairment is separated into (a) the amount of the total other-than-temporary impairment related to a decrease in cash flows expected to be collected from the debt security (the credit loss) and (b) the amount of the total other-than-temporary impairment related to all other factors. The amount of the total other-than-temporary impairment related to the credit loss is recognized in earnings. The amount of the total other-than-temporary impairment related to all other factors is recognized in other comprehensive income.
Loans Receivable	Loans Receivable The Company, through the Bank, grants mortgage, construction, commercial and consumer loans to customers. Substantially all of our loans are to individuals, businesses and real estate developers in Chester County, Pennsylvania and neighboring areas in southern Pennsylvania, New Jersey and the New York metropolitan marketplace, Delaware and Florida markets. The ability of the Company’s debtors to honor their contracts is dependent upon, among other factors, the real estate and general economic conditions in these areas. Note 2 - Summary of Significant Accounting Policies (Continued) Loans receivable that management has the intent and ability to hold until maturity or payoff are stated at their outstanding unpaid principal balances, net of an allowance for loan losses and any deferred fees and costs. Interest income is accrued on the unpaid principal balance. Loan origination fees and costs are deferred and recognized as an adjustment of the yield (interest income) of the related loans using the interest method. The Company is amortizing these amounts over the contractual lives of the loans. The loans receivable portfolio is segmented into residential loans, construction and development loans, commercial loans and consumer loans. The residential loan segment has one class, one- to four-family first lien residential mortgage loans. The construction and development loan segment consists of the following classes: residential and commercial and land loans. Residential construction loans are made for the acquisition of and/or construction on a lot or lots on which a residential dwelling is to be built. Commercial construction loans are made for the purpose of acquiring, developing and constructing a commercial structure. The commercial loan segment consists of the following classes: commercial real estate loans, multi-family real estate loans, and other commercial loans, which are also generally known as commercial and industrial loans or commercial business loans. The consumer loan segment consists of the following classes: home equity lines of credit, second mortgage loans and other consumer loans, primarily unsecured consumer lines of credit. For all classes of loans receivable, the accrual of interest is discontinued when the contractual payment of principal or interest has become 90 days past due or management has serious doubts about further collection of principal or interest, even though the loan is currently performing. A loan may remain on accrual status if it is in the process of collection and is either guaranteed or well secured. When a loan is placed on nonaccrual status, unpaid interest credited to income in the current year is reversed and unpaid interest accrued in prior years is charged against the allowance for loan losses. Interest received on nonaccrual loans, including impaired loans, generally is either applied against principal or reported as interest income, according to management’s judgment as to the collectability of principal. Generally, loans are restored to accrual status when the obligation is brought current, has performed in accordance with the contractual terms for a reasonable period of time (generally six months) and the ultimate collectability of the total contractual principal and interest is no longer in doubt. The past due status of all classes of loans receivable is determined based on contractual due dates for loan payments. In addition to originating loans, the Company purchases consumer and mortgage loans from brokers in our market area. Such purchases are reviewed for compliance with our underwriting criteria before they are purchased, and are generally purchased without recourse to the seller. Premiums and discounts on purchased loans are amortized as adjustments to interest income using the effective yield method. Reserves for unfunded lending commitments represent management’s estimate of losses inherent in its unfunded loan commitments and is recorded in other liabilities on the consolidated statements of financial condition.
Allowance for Loan Losses	Allowance for Loan Losses The allowance for loan losses represents management’s estimate of losses inherent in the loan portfolio as of the consolidated statement of financial condition date and is recorded as a reduction to loans. The allowance for loan losses (“ALLL”, or “allowance”) is increased by the provision for loan losses and decreased by charge-offs, net of recoveries. Loans deemed to be uncollectible are charged against the allowance for loan losses, and subsequent recoveries, if any, are credited to the allowance. All, or part, of the principal balance of loans receivable are charged off to the allowance as soon as it is determined that the repayment or collateral recovery of all, or part, of the principal balance is highly unlikely. Non-residential consumer loans are generally charged off no later than when they become 120 days past due on a contractual basis or earlier in the event of the borrower’s bankruptcy or if there is an amount deemed uncollectible. Because all identified losses are generally charged off, no portion of the allowance for loan losses is restricted to any individual loan or groups of loans, and the entire allowance is available to absorb any and all loan losses. The allowance for loan losses is maintained at a level considered adequate to provide for losses that can be reasonably estimated. Management performs a quarterly evaluation of the adequacy of the allowance. The allowance is based on the Company’s past loan loss experience, known and inherent risks in the portfolio, adverse situations that may affect the borrower’s ability to repay, the estimated value of any underlying collateral, the composition of the loan portfolio, current economic conditions and other relevant factors. This evaluation is inherently subjective as it requires material estimates that may be susceptible to significant revision as more information becomes available. Note 2 - Summary of Significant Accounting Policies (Continued) The allowance consists of specific, general and unallocated components. The specific component relates to loans that are classified as impaired. For loans that are classified as impaired, a specific reserve is recognized when the discounted cash flows (or collateral value or observable market price) of the impaired loan is lower than the carrying value of that loan. The general component covers pools of loans by loan class that are not considered impaired. These pools of loans are evaluated for loss exposure based upon historical loss rates for each of these classes of loans, as adjusted for qualitative factors. These qualitative risk factors include: 1. Lending policies and procedures, including underwriting standards and collection, charge-off, and recovery practices. 2. National, regional, and local economic and business conditions as well as the condition of various market segments, including the value of underlying collateral for collateral dependent loans. 3. The nature and volume of the loan portfolio and terms of loans. 4. The experience, ability, and depth of lending management and staff. 5. The volume and severity of past due, classified and nonaccrual loans as well as any other loan modifications. 6. The quality of the Company’s loan review system, and the degree of oversight by the Company’s Board of Directors. 7. The existence and effect of any concentrations of credit and changes in the level of such concentrations. 8. Value of underlying collateral. 9. A single calculation figure which is subsequently applied to the loan portfolio by loan type (commercial, residential and consumer) based upon the percent of each to total loans. It is derived from a review of peer group banks with similar asset size within the same general geographic area of the Bank. The qualitative factors are applied to the historical loss rates for each class of loan. In addition, while not reported as a separate factor, changes in the value of underlying collateral (for regional property values) for collateral dependent loans is considered and addressed within the economic trends factor. A quarterly calculation is made adjusting the reserve allocation for each factor within a risk weighted range as it relates to each particular loan type, collateral type and risk rating within each segment. Data is gathered and evaluated through internal, regulatory, and government sources quarterly for each factor. Another key assumption is the look-back period (“LEP”), which represents the historical data period utilized to calculate loss rates. We used 1 year for our LEP for all loan portfolio segments which encompasses our relevant loss experience. An unallocated component is maintained to cover uncertainties that could affect management’s estimate of probable losses. The unallocated component of the allowance reflects the margin of imprecision inherent in the underlying assumptions used in the methodologies for estimating specific and general losses in the portfolio. In addition, the allowance calculation methodology includes further segregation of loan classes into risk rating categories. The borrower’s overall financial condition, repayment sources, guarantors and value of collateral, if appropriate, are evaluated annually for commercial loans or when credit deficiencies arise, such as delinquent loan payments, for commercial and consumer loans. Credit quality risk ratings include categories of “pass,” “special mention,” “substandard” and “doubtful.” Assets classified as “pass” are those protected by the current net worth and paying capacity of the obligor or by the value of the underlying collateral. Assets which do not currently expose the insured institution to sufficient risk to warrant classification as substandard or doubtful but possess certain identified weaknesses are required to be designated “special mention.” If uncorrected, the potential weaknesses may result in deterioration of the repayment prospects. An asset is considered “substandard” if it is inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. “Substandard” assets include those characterized by the “distinct possibility” that the insured institution will sustain “some loss” if the deficiencies are not corrected. Assets classified as “doubtful” have all of the weaknesses inherent in those classified “substandard” with the added characteristic that the weaknesses present make “collection or liquidation in full,” on the basis of currently existing facts, conditions, and values, “highly questionable and improbable.” Note 2 - Summary of Significant Accounting Policies (Continued) Residential Lending. Residential mortgage originations are secured primarily by properties located in the Company’s market area and surrounding areas. We currently originate fixed-rate, fully amortizing mortgage loans with maturities of 10 to 30 years. We also offer adjustable-rate mortgage (“ARM”) loans where the interest rate either adjusts on an annual basis or is fixed for the initial one, three or seven years and then adjusts annually. We underwrite one- to four-family residential mortgage loans with loan-to-value ratios of up to 95 percent, provided that the borrower obtains private mortgage insurance on loans that exceed 80 percent of the appraised value or sales price, whichever is less, of the secured property. We also require that title insurance, hazard insurance and, if appropriate, flood insurance be maintained on all properties securing real estate loans. We require that a licensed appraiser from our list of approved appraisers perform and submit to us an appraisal on all properties secured by a first mortgage on one- to four-family first mortgage loans. In underwriting one- to four-family residential mortgage loans, the Company evaluates both the borrower’s ability to make monthly payments and the value of the property securing the loan. Most properties securing real estate loans made by the Company are appraised by independent fee appraisers reviewed and approved by the Bank’s third-party appraisal management companies. The Company generally requires borrowers to obtain an attorney’s title opinion or title insurance, and fire and property insurance (including flood insurance, if necessary) in an amount not less than the amount of the loan. Real estate loans originated by the Company generally contain a “due on sale” clause allowing the Company to declare the unpaid principal balance due and payable upon the sale of the security property. The Company has not engaged in sub-prime residential mortgage loan originations. Our single-family residential mortgage loans generally are underwritten on terms and documentation conforming to guidelines issued by The Federal Home Loan Mortgage Company, or Freddie Mac, and The Federal National Mortgage Association, or Fannie Mae. Construction and Development Lending. We originate construction loans for residential and, to a lesser extent, commercial uses within our market area. We generally limit construction loans to builders and developers with whom we have an established relationship, or who are otherwise known to officers of the Bank. Our construction and development loans currently in our loan portfolio typically have variable rates of interest tied to the prime rate which improves the interest rate sensitivity of our loan portfolio. Construction and development loans generally are considered to involve a higher level of risk than one-to four-family residential lending, due to the concentration of principal in a limited number of loans and borrowers and the effect of economic conditions on developers, builders and projects. Additional risk is also associated with construction lending because of the inherent difficulty in estimating both a property’s value at completion and the estimated cost (including interest) to complete a project. The nature of these loans is such that they are more difficult to evaluate and monitor. In addition, speculative construction loans to a builder are not pre-sold and thus pose a greater potential risk than construction loans to individuals on their personal residences. In order to mitigate some of the risks inherent in construction lending, we inspect properties under construction, review construction progress prior to advancing funds, work with builders with whom we have established relationships, require annual updating of tax returns and other financial data of developers and obtain personal guarantees from the principals. Commercial Lending. Commercial and multi-family real estate loans generally present a higher level of risk than loans secured by one- to four-family residences. This greater risk is due to several factors, including the concentration of principal in a limited number of loans and borrowers, the effect of general economic conditions on income producing properties and the increased difficulty of evaluating and monitoring these types of loans. Furthermore, the repayment of loans secured by commercial and multi-family real estate is typically dependent upon the successful operation of the related real estate project. If the cash flow from the project is reduced (for example, if leases are not obtained or renewed, or a bankruptcy court modifies a lease term, or a major tenant is unable to fulfill its lease obligations), the borrower’s ability to repay the loan may be impaired. Most of the Company’s commercial business loans have been extended to finance local and regional businesses and include short-term loans to finance machinery and equipment purchases, inventory and accounts receivable. The commercial business loans which we originate may be either a revolving line of credit or for a fixed term of generally 10 years or less. Interest rates are adjustable, indexed to a published prime rate of interest, or fixed. Generally, equipment, machinery, real property or other corporate assets secure such loans. Personal guarantees from the business principals are generally obtained as additional collateral. Note 2 - Summary of Significant Accounting Policies (Continued) Consumer Lending. The Company currently originates most of its consumer loans in its primary market area and surrounding areas. The Company originates consumer loans on both a direct and indirect basis. Consumer loans generally have higher interest rates and shorter terms than residential mortgage loans; however, they have additional credit risk due to the type of collateral securing the loan or in some case the absence of collateral. We are continuing to evaluate and monitor the credit conditions of our consumer loan borrowers and the real estate values of the properties securing our second mortgage loans as part of our on-going efforts to assess the overall credit quality of the portfolio in connection with our review of the allowance for loan losses. Consumer loans may entail greater credit risk than do residential mortgage loans, particularly in the case of consumer loans which are unsecured or are secured by rapidly depreciable assets, such as automobiles or recreational equipment. In such cases, any repossessed collateral for a defaulted consumer loan may not provide an adequate source of repayment of the outstanding loan balance as a result of the greater likelihood of damage, loss or depreciation. In addition, consumer loan collections are dependent on the borrower’s continuing financial stability, and thus are more likely to be affected by adverse personal circumstances. Furthermore, the application of various federal and state laws, including bankruptcy and insolvency laws, may limit the amount which can be recovered on such loans. Once all factor adjustments are applied, general reserve allocations for each segment are calculated, summarized and reported on the ALLL summary. ALLL final schedules, calculations and the resulting evaluation process are reviewed quarterly. In addition, Federal bank regulatory agencies, as an integral part of their examination process, periodically review the Company’s allowance and may require the Company to recognize additions to the allowance based on their judgments about information available to them at the time of their examination. Based on management’s comprehensive analysis of the loan portfolio, management believes the current level of the allowance for loan losses is adequate. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Factors considered by management in determining impairment include payment status, collateral value, cash flow, and the probability of collecting scheduled principal and interest payments when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into consideration all of the circumstances surrounding the loan and the borrower, including the length of the delay, the reasons for the delay, the borrower’s prior payment record and the amount of the shortfall in relation to the principal and interest owed. A specific reserve is established for an impaired loan if its carrying value exceeds its estimated fair value. The estimated fair values of substantially all of the Company’s impaired loans are measured based on the estimated fair value of the loan’s collateral. For commercial loans secured by real estate, estimated fair values are determined primarily through third-party appraisals. When a real estate secured loan becomes impaired, a decision is made regarding whether an updated appraisal of the real estate is necessary. This decision is based on various considerations, including the age of the most recent appraisal, the loan-to-value ratio based on the original appraisal and the condition of the property. Appraised values are discounted to arrive at the estimated selling price of the collateral, which is considered to be the estimated fair value. The discounts also include estimated costs to sell the property. For commercial and industrial loans secured by non-real estate collateral, such as accounts receivable, inventory and equipment, estimated fair values are determined based on the borrower’s financial statements, inventory reports, accounts receivable aging or equipment appraisals or invoices. Indications of value from these sources are generally discounted based on the age of the financial information or the quality of the assets. Large groups of smaller balance homogeneous residential mortgage and consumer loans are collectively evaluated for impairment. Accordingly, the Company does not separately identify individual loans of this nature for impairment disclosures, unless such loans become impaired or are troubled and the subject of a restructuring agreement. Note 2 - Summary of Significant Accounting Policies (Continued)
Troubled Debt Restructurings	Troubled Debt Restructurings Loans whose terms are modified are classified as TDRs if the Company grants such borrowers concessions and it is deemed that those borrowers are experiencing financial difficulty. Concessions granted under a troubled debt restructuring may be modified by means of extending the maturity date of the loan, reducing the interest rate on the loan to a rate which is below market, a combination of rate adjustments and maturity extensions, or by other means including covenant modifications, forbearances or other concessions. However, the Company generally only restructures loans by modifying the payment structure to interest only or by reducing the actual interest rate, TDRs are considered impaired loans. We do not accrue interest on loans that were non-accrual prior to the TDR until they have performed in accordance with their restructured terms for a period of at least six months. We continue to accrue interest on troubled debt restructurings which were performing in accordance with their terms prior to the restructure and continue to perform in accordance with their restructured terms. Management evaluates the ALLL with respect to TDRs under the same policy and guidelines as all other performing loans are evaluated with respect to the ALLL.
Loan Servicing	Loan Servicing Servicing assets are recognized as separate assets when rights are acquired through purchase or through sale of financial assets. For sales of mortgage loans, a portion of the cost of originating the loan is allocated to the servicing right based on relative fair value. Fair value is based on market prices for comparable mortgage servicing contracts, when available, or alternatively is based on a valuation model that calculates the present value of estimated future net servicing income. The valuation model incorporates assumptions that market participants would use in estimating future net servicing income, such as the cost to service, the discount rate, the custodial earnings rate, an inflation rate, ancillary income, prepayment speeds and default rates and losses. Capitalized servicing rights are reported in other assets and are amortized into other expense in proportion to, and over the period of, the estimated future net servicing income of the underlying financial assets. Servicing assets are evaluated for impairment based upon the fair value of the rights as compared to amortized cost. Impairment is determined by stratifying rights into tranches based on predominant risk characteristics, such as interest rate, loan type and investor type. Impairment is recognized through a valuation allowance for an individual tranche, to the extent that fair value is less than the capitalized amount for the tranche. If the Company later determines that all or a portion of the impairment no longer exists for a particular tranche, a reduction of the allowance may be recorded as an increase to income. The Company also sells loans in the secondary market with servicing released.
Other Real Estate Owned	Other Real Estate Owned Assets acquired through, or in lieu of, loan foreclosure are held for sale and are initially recorded at fair value at the date of foreclosure, establishing a new cost basis. Subsequent to foreclosure, valuations are periodically performed by management and the assets are carried at the lower of the previously established carrying amount or fair value less cost to sell. Revenue and expenses from operations and changes in the valuation allowance are included in other expenses from OREO,
Restricted Stock	Restricted Stock Restricted stock represents required investments in the common stock of a correspondent bank and is carried at cost. As of September 30, 2021, and 2020, restricted stock consists of the common stock of the Federal Reserve Bank, FHLB and Atlantic Community Bankers Bank (“ACBB”). Management’s evaluation and determination of whether these investments are impaired is based on their assessment of the ultimate recoverability of their cost rather than by recognizing temporary declines in value. The determination of whether a decline affects the ultimate recoverability of an investment’s cost is influenced by criteria such as (1) the significance of the decline in net assets of the Federal Reserve Bank, FHLB and ACBB as compared to the capital stock amount for the Federal Reserve Bank, FHLB and ACBB and the length of time this situation has persisted, (2) commitments by the Federal Reserve Bank, FHLB and ACBB to make payments required by law or Note 2 - Summary of Significant Accounting Policies (Continued) regulation and the level of such payments in relation to the operating performance of the Federal Reserve Bank, FHLB and ACBB, and (3) the impact of legislative and regulatory changes on institutions and, accordingly, on the customer base of the Federal Reserve Bank, FHLB and ACBB. During the years ended September 30, 2021, and 2020, there were net repurchases of restricted stock of $1.8 million and $1.5 million, respectively. Also, as of September 30, 2021, and 2020, the number of outstanding restricted shares was 103,793 and 122,177, respectively. There were approximately $459,000 and $631,000
Property and Equipment	Property and Equipment Property and equipment is carried at cost. Depreciation is computed using the straight-line and accelerated methods over estimated useful lives ranging from 3 to 39 years beginning when assets are placed in service. When assets are retired or otherwise disposed of, the cost and related accumulated depreciation are removed from the accounts and any gain or loss is reflected in income for the period. The cost of maintenance and repairs is charged to income as incurred.
Transfers of Financial Assets	Transfers of Financial Assets Transfers of financial assets are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and (3) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before their maturity. The Company accounts for certain participation interests in commercial loans receivable (loan participation agreements) sold as a sale of financial assets pursuant to ASC 860, Transfers and Servicing. Loan participation agreements that meet the sale criteria under ASC 860 are derecognized from the Consolidated Statement of Financial Condition at the time of transfer. If the transfer of loans subject to loan participation does not meet the sale criteria or participating interest criteria under ASC 860, the transfer is accounted for as a secured borrowing and the loan is not de-recognized and a participating liability is recorded in the Consolidated Statements of Financial Condition.
Bank-Owned Life Insurance	Bank-Owned Life Insurance The Company invests in bank owned life insurance (“BOLI”) as a source of funding for employee benefit expenses. BOLI involves the purchasing of life insurance by the Bank on a chosen group of employees. The Bank is the owner and beneficiary of the policies. This life insurance investment is carried at the cash surrender value of the underlying policies. Earnings from the increase in cash surrender value of the policies are included in other income on the statements of operations.
Employee Benefit Plans	Employee Benefit Plans The Bank’s 401(k) plan allows eligible participants to set aside a certain percentage of their salaries before taxes. The Company may elect to match employee contributions up to a specified percentage of their respective salaries in an amount determined annually by the Board of Directors. The Company’s matching contribution related to the plan resulted in expenses of $77,000 and $131,000 The Company also maintains an unfunded Supplemental Executive and a Director Retirement Plan (together, the “Plans”). The accrued amount for the Plans included in other liabilities was $709,000 and $784,000 at September 30, 2021, and 2020, respectively. Distributions from the Plan for each of the fiscal years 2021 and 2020 were approximately $79,000 and $94,000, respectively. The expense associated with the Plans was $4,000 for each of the years ended September 30, 2021, and 2020.
Derivatives and Hedging	Note 2 - Summary of Significant Accounting Policies (Continued) Derivatives and Hedging The Company records cash flow hedges at the inception of the derivative contract based on the Company’s intentions and belief as to likely effectiveness as a hedge. The Company documents the strategy for entering into the transactions and the method of assessing ongoing effectiveness. Cash flow hedges represent a hedge of a forecasted transaction or the variability of cash flows to be received or paid related to a recognized asset or liability. For a cash flow hedge that is effective, the gain or loss on the derivative is reported in other comprehensive income and is reclassified into earnings in the same periods during which the hedged transaction affects earnings. The changes in the fair value of derivatives that are not highly effective in hedging the changes in fair value or expected cash flows of the hedged item are recognized immediately in current earnings. Changes in the fair value of derivatives that do not qualify for hedge accounting are reported currently in earnings, as noninterest income. Net cash settlements on derivatives that qualify for hedge accounting are recorded in interest income or interest expense, based on the item being hedged. Net cash settlements on derivatives that do not qualify for hedge accounting are reported in noninterest income. Cash flows on hedges are classified in the cash flow statement the same as the cash flows of the items being hedged. To determine fair value, the Company uses third party pricing models that incorporate assumptions about market conditions and risks that are current at the reporting date. The Company does not use derivative instruments for speculative purposes. The Company also formally assesses, both at the hedge’s inception and on an ongoing basis, whether the derivative instruments that are used are highly effective in offsetting changes in fair values or cash flows of the hedged items. The Company discontinues hedge accounting when it determines that the derivative is no longer effective in offsetting changes in the fair value or cash flows of the hedged item, the derivative is settled or terminates, a hedged forecasted transaction is no longer probable, a hedged firm commitment is no longer firm, or treatment of the derivative as a hedge is no longer appropriate or intended. When hedge accounting is discontinued, subsequent changes in fair value of the derivative are recorded as noninterest income. When a cash flow hedge is discontinued but the hedged cash flows or forecasted transactions are still expected to occur, gains or losses that were accumulated in other comprehensive income are amortized into earnings over the same periods which the hedged transactions will affect earnings. The Company recognized $0 and $371,000 of net swap fees through the Bank’s commercial loan hedging program during fiscal years 2021 and 2020, respectively.
Advertising Cost	Advertising Costs The Company follows the policy of charging the costs of advertising to expense as incurred. Advertising expense was $109,000 and $119,000
Income Taxes	Income Taxes Deferred tax assets (“DTAs”) and deferred tax liabilities (“DTLs”) are recognized for the future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. DTAs and DTLs are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on DTAs and DTLs of a change in tax rates is recognized in income in the period that includes the enactment date. These calculations are based on many complex factors including estimates of the timing of reversals of temporary differences, the interpretation of federal income tax laws and a determination of the differences between the tax and the financial reporting basis of assets and liabilities. Actual results could differ significantly from the estimates and interpretations used in determining the current and deferred income tax assets and liabilities. A valuation allowance is required to be recognized if it is “more likely than not” that a portion of the DTAs will not be realized. The Company’s policy is to evaluate the DTA on a quarterly basis and record a valuation allowance for our DTA if we do not have sufficient positive evidence indicating that it is more likely than not that some or all of the DTA will be realized. The Company’s policy is to account for interest and penalties as components of income tax expense. Note 2 - Summary of Significant Accounting Policies (Continued)
Commitments and Contingencies	Commitments and Contingencies In the ordinary course of business, the Company has entered into off-balance sheet financial instruments consisting of commitments to extend credit and standby letters of credit. Such financial instruments are recorded in the statement of financial condition when they are funded.
Segment Information	Segment Information The Company has one reportable segment, “Community Banking.” All of the Company’s activities are interrelated, and each activity is dependent and assessed based on how each of the activities of the Company supports the others. For example, lending is dependent upon the ability of the Company to fund itself with deposits and other borrowings and manage interest rate and credit risk. Accordingly, all significant operating decisions are based upon analysis of the Company as one segment or unit.
Comprehensive Income	Comprehensive Income Accounting principles generally require that recognized revenue, expenses, gains and losses be included in net income. Although certain changes in assets and liabilities, such as unrealized gains and losses on available for sale debt securities, are reported as a separate component of the shareholders’ equity section of the statement of financial condition, such items, along with net income, are components of comprehensive income. For securities transferred from available for sale to held to maturity, the Company records the amortization and/or accretion of unrealized holding losses on such investment securities, in accumulated other comprehensive (loss) income. The Company also records changes in the fair value of interest rate derivatives used in its cash flow hedging activities, net of deferred income tax, in accumulated other comprehensive (loss) income.
Reclassifications	Reclassifications Certain reclassifications have been made to the previous year’s consolidated financial statements to conform to the current year’s presentation. These reclassifications had no effect on the Company’s results of operations.
Revenue Recognition	Revenue Recognition ASC 606, Revenue from Contracts with Customers The majority of our revenue-generating transactions are not subject to ASC 606, including revenue generated from financial instruments, such as our loans, investment securities, derivatives as well as revenue related to BOLI, sales of investment securities, rental income, and gain on sale of loans. Revenue-generating activities that are within the scope of ASC 606, which are presented in our consolidated statements of operations as components of other income include certain fees such as credit card fee income, DDA service and fee income, and debit card fees.
Loans Held-For-Sale	Loans Held-For-Sale Loans originated and intended for sale in the secondary market are carried at the lower of cost or estimated fair value on the consolidated statements of financial condition. Gains and losses on loan sales (sales proceeds minus carrying value) are recorded in noninterest income, and direct loan origination costs and fees are deferred at origination of the loan and are recognized in other income upon sale of the loan. Servicing is retained at the Bank for loans sold in the secondary market and are placed as a mortgage servicing asset on the consolidated statement of financial condition. Note 2 - Summary of Significant Accounting Policies (Continued) During the quarter ended September 30, 2021, management transferred four commercial real estate loans with aggregate fair value of $32.5 million from loans receivable held for investment to loans held for sale. In connection with the loans transfer, management recorded a charge off totaling $10.8 million that was included in the allowance for loan losses as of September 30, 2021. Three of the four loans held for sale as of September 30, 2021 were subsequently sold in October 2021 with no additional valuation adjustments.
Treasury Stock	Treasury stock The Company records common stock purchased for treasury at cost. At the date of subsequent reissue, the treasury stock account is reduced by the cost of such stock on the first-in, first-out basis.
Leases	Leases The Company accounts for its leases in accordance with FASB ASC 842 - Leases As a lessee, the Company enters into operating leases for certain bank branches, office space, and office equipment. The right-of-use assets and lease liabilities are initially recognized based on the net present value of the remaining lease payments, which include renewal options where management is reasonably certain they will be exercised. The net present value is determined using the incremental borrowing rate based on the FHLB liquidity and funding rates at commencement date. The right-of-use asset is measured at the amount of the lease liability adjusted for any prepaid rent, lease incentives and initial direct costs incurred. The right-of-use asset and lease liability is amortized over the individual lease terms. Lease expense for lease payments is recognized on a straight-line basis over the lease term.
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 Updates (“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 by 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. 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”). 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. Note 2 - Summary of Significant Accounting Policies (Continued) 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 is effective for interim and annual periods beginning after December 15, 2019 . The Bank has a software system in place to assist with the calculation of Current Expected Credit Losses (“CECL”). In November 2019, the FASB issued ASU No. 2019-10, Financial Instruments-Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842) making this ASU effective for interim and annual periods beginning after December 15, 2022. As such the Company would be required to implement the ASU on October 1, 2023. In November 2019, the FASB issued ASU No. 2019-11, Codification Improvements to Topic 326, Financial Instruments-Credit Losses, which provides guidance on stakeholders’ specific issues about certain aspects of the amendments in ASU 2016-13. The Company formed a cross functional implementation team to review the requirements of ASU 2016-13 and contracted with a third-party provider to assist in the development and implementation of the revised credit loss methodology. The impacts on the consolidated earnings, financial position and cash flows of the Company upon adoption of this ASU are currently unknown.

Non-Interest Income (Tables)

Non-Interest Income (Tables)	12 Months Ended
	Sep. 30, 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. Year Ended September 30, (In thousands) 2021 2020 Rental income $ 217 $ 217 Net gains on sale and call of investments 779 330 Net gains on sale of loans 788 116 Earnings on bank-owned life insurance 656 509 Non-interest income within the scope of other GAAP topics 2,440 1,172 ATM fees 13 10 Credit card fee income 22 21 DDA fee income 91 79 DDA service fees 90 76 Debit card fees 283 245 Other loan fee income 574 621 Other fee income 242 257 Other non-interest income 8 7 Non-interest income from contracts with customers $ 1,323 $ 1,316 Total Non-interest Income $ 3,763 $ 2,488

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Sep. 30, 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. Year Ended September 30, (In thousands, except share data) 2021 2020 Net Income (loss) $ (92) $ 644 Weighted average shares outstanding 7,616,151 7,690,675 Average unearned ESOP shares (78,743 ) (93,147 ) Basic weighted average shares outstanding 7,537,408 7,597,528 Plus: effect of dilutive options and restricted stock 708 198 Diluted weighted average common shares outstanding 7,538,116 7,597,726 Earnings (loss) per share: Basic $ (0.01) $ 0.08 Diluted $ (0.01) $ 0.08

Investment Securities (Tables)

Investment Securities (Tables)	12 Months Ended
	Sep. 30, 2021
Investments Debt And Equity Securities [Abstract]
Schedule of Investment securities	The following tables present information related to the Company’s investment securities at September 30, 2021, and 2020. September 30, 2021 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In thousands) Investment Securities Available-for-Sale: U.S. government agencies $ 5,000 $ — $ (7 ) $ 4,993 State and municipal obligations 2,767 1 (3 ) 2,765 Single issuer trust preferred security 1,000 — (125 ) 875 Corporate debt securities 31,989 243 (52 ) 32,180 Total $ 40,756 $ 244 $ (187 ) $ 40,813 Investment Securities Held-to-Maturity: U.S. government agencies $ 10,000 $ 11 $ — $ 10,011 State and municipal obligations 6,062 104 (49 ) 6,117 Corporate debt securities 3,383 224 — 3,607 Mortgage-backed securities: Collateralized mortgage obligations, fixed-rate 9,062 129 (13 ) 9,178 Total $ 28,507 $ 468 $ (62 ) $ 28,913 Equity Securities Mutual funds 1,500 — — 1,500 Total Mutual funds 1,500 — — 1,500 $ Total investment securities $ 70,763 $ 712 $ (249 ) $ 71,226 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 Total $ 30,135 $ 201 $ (318 ) $ 30,018 Investment Securities Held-to-Maturity: U.S. government agencies $ — $ — $ — $ — State and municipal obligations 1,794 129 — 1,923 Corporate debt securities 3,498 260 — 3,758 Mortgage-backed securities: Collateralized mortgage obligations, fixed-rate 9,678 249 — 9,927 Total $ 14,970 $ 638 $ — $ 15,608 Equity Securities Mutual funds 1,523 — — 1,523 Total 1,523 — — 1,523 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 September 30, 2021, and 2020. September 30, 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 $ 4,993 $ (7 ) $ — $ — $ 4,993 $ (7 ) State and municipal obligations 1,819 (3 ) — — 1,819 (3 ) Single issuer trust preferred security — — 875 (125 ) 875 (125 ) Corporate debt securities 8,475 (25 ) 2,973 (27 ) 11,448 (52 ) Total $ 15,287 $ (35 ) $ 3,848 $ (152 ) $ 19,135 $ (187 ) Note 6 - Investment Securities (Continued) 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 September 30, 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. September 30, 2021 Amortized Cost Fair Value (In thousands) Investment Securities Available-for-Sale: Due in one year or less $ — $ — Due after one year through five years 4,445 4,434 Due after five years through ten years 27,989 28,069 Due after ten years 8,322 8,310 Total $ 40,756 $ 40,813 Investment Securities Held-to-Maturity: Due in one year or less $ — $ — Due after one year through five years 4,474 4,764 Due after five years through ten years 5,666 5,712 Due after ten years 9,304 9,259 Mortgage-backed securities: Collateralized mortgage obligations, fixed-rate 9,063 9,178 Total $ 28,507 $ 28,913 Equity Securities Mutual funds Due in one year or less $ 500 $ 500 Due after five years through ten years 1,000 1,000 Total 1,500 1,500 Total investment securities $ 70,763 $ 71,226

Loans Receivable and Related _2

Loans Receivable and Related Allowance for Loan Losses (Tables)	12 Months Ended
	Sep. 30, 2021
Receivables [Abstract]
Schedule of loans receivable	Loans receivable in the Company’s portfolio, excluding loans held-for-sale, consisted of the following at the dates indicated: September 30, 2021 2020 (In thousands) Residential mortgage $ 198,710 $ 242,090 Construction and Development: Residential and commercial 61,492 65,703 Land 2,204 3,110 Total Construction and Development 63,696 68,813 Commercial: Commercial real estate 426,915 495,398 Farmland 10,297 7,517 Multi-family 66,332 67,767 Commercial and industrial 115,246 116,584 Other 10,954 10,142 Total Commercial 629,744 697,408 Consumer: Home equity lines of credit 13,491 17,128 Second mortgages 5,884 10,711 Other 2,299 2,851 Total Consumer 21,674 30,690 Total loans 913,824 1,039,001 Deferred loan fees and cost, net 629 326 Allowance for loan losses (11,472 ) (12,433 ) Total loans receivable, net $ 902,981 $ 1,026,894
Schedule of allowance for loan losses	The following table summarizes the primary classes of the allowance for loan losses, segregated into the amount required for loans individually evaluated for impairment and the amount required for loans collectively evaluated for impairment as of and for the years ended September 30, 2021, and 2020. Year Ended September 30, 2021 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 (In thousands) Allowance for loan losses: Beginning balance $ 1,667 $ 465 $ 23 $ 8,682 $ 47 $ 511 $ 578 $ 51 $ 130 $ 196 $ 29 $ 54 $ 12,433 Charge-offs — — — (11,930 ) — — (379 ) — — — (4 ) — (12,313 ) Recoveries 41 4 — 1 — — 2 — 17 108 2 — 176 Provisions (774) (41) (8) 10,290 9 (61 ) 2,020 3 (71 ) (217 ) (7) 34 11,176 Ending Balance $ 934 $ 428 $ 15 $ 7,043 $ 56 $ 450 $ 2,221 $ 54 $ 76 $ 87 $ 20 $ 88 $ 11,472 Ending balance: individually evaluated for impairment $ — $ — $ — $ 18 $ — $ — $ 1,488 $ — $ — $ 38 $ — $ — $ 1,544 Ending balance: collectively evaluated for impairment $ 934 $ 428 $ 15 $ 7,025 $ 56 $ 450 $ 733 $ 54 $ 76 $ 49 $ 20 $ 88 $ 9,928 Loans receivable: Ending balance $ 198,710 $ 61,492 $ 2,204 $ 426,915 $ 10,297 $ 66,332 $ 115,246 $ 10,954 $ 13,491 $ 5,884 $ 2,299 $ 913,824 Ending balance: individually evaluated for impairment $ — $ — $ — $ 286 $ — $ — $ 2,517 $ — $ — $ 102 $ — $ 2,905 Ending balance: collectively evaluated for impairment $ 198,710 $ 61,492 $ 2,204 $ 426,629 $ 10,297 $ 66,332 $ 112,729 $ 10,954 $ 13,491 $ 5,782 $ 2,299 $ 910,919 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 (In thousands) Allowance for loan losses: 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 impaired loans with no specific allowance increased from $29.4 million at September 30, 2020 to $39.7 million at September 30, 2021. The increase was primarily due to two performing commercial real estate loans totaling $11.4 million that are deemed impaired with no specific allowance . The following table presents impaired loans in the portfolio by class, segregated by those for which a specific allowance was required and those for which a specific allowance was not necessary as of September 30, 2021, and 2020. Note 7 - Loans Receivable and Related Allowance for Loan Losses (Continued) 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) September 30, 2021: Residential mortgage $ — $ — $ 2,594 $ 2,594 $ 2,766 Commercial: Commercial real estate 286 18 33,543 33,829 33,368 Farmland — — 2,254 2,254 2,254 Commercial and industrial 2,517 1,488 630 3,147 3,584 Consumer: Home equity lines of credit — — 23 23 28 Second mortgages 102 38 696 798 874 Total impaired loans $ 2,905 $ 1,544 $ 39,740 $ 42,645 $ 42,874 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 the portfolio and related interest income recognized for the years ended September 30, 2021, and 2020. Average Impaired Loans Interest Income Recognized on Impaired Loans (In thousands) Year Ended September 30, 2021: Residential mortgages $ 3,305 $ 82 Commercial: Commercial real estate 32,812 556 Farmland 1,814 70 Commercial and industrial 951 17 Consumer: Home equity lines of credit 48 — Second mortgages 720 6 Total $ 39,650 $ 731 Year Ended September 30, 2020: Residential mortgages $ 3,506 $ 86 Consumer: — — Commercial: Commercial real estate 14,209 235 Consumer: Home equity lines of credit 28 — Second mortgages 858 6 Total $ 18,601 $ 327
Schedule of classes of loan portfolio	The following table presents the classes of the loan portfolio summarized by loans considered to be rated as pass and the categories of special mention, substandard and doubtful within the Company’s internal risk rating system as of September 30, 2021, and 2020. September 30, 2021 Pass Special Mention Substandard Doubtful Total (In thousands) Residential mortgage $ 195,658 $ — $ 3,052 $ — $ 198,710 Construction and Development: Residential and commercial 61,492 — — — 61,492 Land 2,204 — — — 2,204 Commercial: Commercial real estate 376,721 48,705 1,489 — 426,915 Farmland 8,043 — 2,254 — 10,297 Multi-family 57,052 9,280 — — 66,332 Commercial and industrial 106,910 — 8,336 — 115,246 Other 10,954 — — — 10,954 Consumer: Home equity lines of credit 13,390 — 101 — 13,491 Second mortgages 4,908 68 908 — 5,884 Other 2,299 — — — 2,299 Total $ 839,631 $ 58,053 $ 16,140 $ — $ 913,824 September 30, 2020 Pass Special Mention Substandard Doubtful Total (In thousands) 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 on which we are no longer accruing interest by portfolio class at the dates indicated. September 30, 2021 2020 (In thousands) Residential mortgage $ 879 $ 2,036 Commercial: Commercial real estate — 14,414 Commercial and industrial 2,517 — Consumer: Home equity lines of credit 23 26 Second mortgages 278 254 Other — — Total non-accrual loans $ 3,697 $ 16,730
Schedule of classes of loan portfolio summarized by aging categories	The following table presents the classes of the loan portfolio summarized by the aging categories as of September 30, 2021 and 2020. Current 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due Total Past Due Total Loans Receivable Accruing 90 Days or More Past Due (In thousands) September 30, 2021: Residential mortgage $ 197,062 $ 796 $ 241 $ 611 $ 1,648 $ 198,710 $ — Construction and Development: Residential and commercial 61,492 — — — — 61,492 — Land 2,204 — — — — 2,204 — Commercial: Commercial real estate 426,915 — — — — 426,915 — Farmland 10,297 — — — — 10,297 — Multi-family 66,332 — — — — 66,332 — Commercial and industrial 115,246 — — — — 115,246 — Other 10,954 — — — — 10,954 — Consumer: Home equity lines of credit 13,394 97 — — 97 13,491 — Second mortgages 5,697 4 83 100 187 5,884 — Other 2,296 3 — — 3 2,299 — Total $ 911,889 $ 900 $ 324 $ 711 $ 1,935 $ 913,824 $ — Current 30-59 Days Past Due 60-89 Days Past Due 90 Days or More Past Due Total Past Due Total Loans Receivable Accruing 90 Days or More Past Due (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 $185,000 and $175,000 of residential real estate properties in the process of foreclosure at September 30, 2021, and 2020, respectively. Total Troubled Debt Restructurings Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months Number of Loans Recorded Investment Number of Loans Recorded Investment (In thousands) At September 30, 2021: ​ Residential mortgage 16 $ 3,180 4 $ 640 Commercial: Commercial real estate 5 12,180 — — Farmland 1 2,254 — — Commercial and industrial 1 549 — — Consumer Second mortgages 3 78 — — Total 26 $ 18,241 4 $ 640 At 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 the loan’s compliance with the modified terms. September 30, 2021 2020 Performing Non- Performing Performing Non- Performing (In thousands) Residential mortgage $ 2,540 $ 640 $ 1,818 $ 1,617 Commercial: Commercial real estate 12,180 — 11,439 6,652 Farmland 2,254 — — — Commercial and industrial 549 — — — Consumer Second mortgages 78 — 161 — Total $ 17,601 $ 640 $ 13,418 $ 8,269
Schedule of new TDR's	The following table shows the new TDRs for the twelve months ended September 30, 2021, and 2020. September 30, 2021 2020 Restructured During Period Number of Loans Pre- Modifications Outstanding Recorded Investments Post- Modifications Outstanding Recorded Investments Number of Loans Pre- Modifications Outstanding Recorded Investments Post- Modifications Outstanding Recorded Investments (In thousands) Troubled Debt Restructurings: Residential mortgage — $ — $ — 1 $ 207 $ 203 Commercial: Commercial real estate — — — 2 10,930 10,926 Farmland 1 2,287 2,287 — — — Commercial and industrial 1 549 549 — — — Total 2 $ 2,803 $ 2,803 3 $ 11,137 $ 11,129
Schedule of loans to principal officers, directors and their affiliates	The following table sets forth the aggregate dollar amount of loans to principal officers, directors and their affiliates in the normal course of business of the Company. Year Ended September 30, 2021 2020 (In thousands) Balance at beginning of year $ 13,733 $ 12,478 New loans 2,792 2,073 Repayments (4,604 ) (818 ) Balance at end of year $ 11,921 $ 13,733
Schedule of summary of mortgage servicing rights included in other assets and activity	A summary of mortgage servicing rights included within other assets in the consolidated statements of financial condition and the activity therein follows for the periods indicated: September 30, 2021 2020 (In thousands) Balance at beginning of year $ 111 $ 178 Amortization (28 ) (67 ) Balance at end of year $ 83 $ 111
Schedule of composition of loans by loan segment	Note 7 - Loans Receivable and Related Allowance for Loan Losses (Continued) The following tables set forth the composition of these loans by loan segments as of September 30, 2021, and 2020: September 30, 2021 Number of Loans Loan Modification Exposure Gross Loans September 30, 2021 Percentage of Gross Loans Modified (Dollars in thousands) Residential mortgage 2 $ 667 $ 198,710 0.07 % Construction and Development: Residential and commercial - - 61,492 0.00 % Land loans - - 2,204 0.00 % Total Construction and Development - - 63,696 0.00 % Commercial: Commercial real estate 6 60,567 426,915 6.63 % Farmland - - 10,297 0.00 % Multi-family - - 66,332 0.00 % Commercial and industrial - - 115,246 0.00 % Other - - 10,954 0.00 % Total Commercial 6 60,567 629,744 6.63 % Consumer: Home equity lines of credit - - 13,491 0.00 % Second mortgages - - 5,884 0.00 % Other - - 2,299 0.00 % Total Consumer - - 21,674 0.00 % Total loans 8 $ 61,234 $ 913,824 6.70 % September 30, 2020 Number of Loans Loan Modified Exposure Gross Loans September 30, 2020 Percentage of Gross Loans Modified (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 12.65 % 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 %

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Sep. 30, 2021
Property Plant And Equipment [Abstract]
Schedule of property and equipment, net	Property and equipment, net consisted of the following at September 30, 2021 and 2020: September 30, Estimated Useful Life (years) 2021 2020 (In thousands) Land — $ 706 $ 707 Building and improvements 10-39 11,992 11,909 Construction in process — 5 6 Furniture, fixtures and equipment 3-7 5,904 5,852 18,607 18,474 Accumulated depreciation (12,830 ) (12,200 ) $ 5,777 $ 6,274

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Sep. 30, 2021
Deposits [Abstract]
Schedule of deposits classified by interest rates with percentages to total deposits	Deposits classified by interest rates with percentages to total deposits at September 30, 2021 and 2020 consisted of the following: September 30, 2021 2020 Amount Percent of Total Deposits Amount Percent of Total Deposits (In thousands) Balances by types of deposit: Savings $ 50,582 5.39 % $ 45,072 5.06 % Money market accounts 385,480 41.09 277,711 31.17 Interest bearing demand 336,645 35.88 303,682 34.09 Non-interest bearing demand 53,849 5.74 50,422 5.66 826,556 88.10 676,887 75.98 Certificates of deposit 111,603 11.90 214,019 24.02 Total $ 938,159 100.00 % $ 890,906 100.00 %
Schedule of interest expense on deposits	Interest expense on deposits consisted of the following for the years: September 30, 2021 2020 (In thousands) Savings accounts $ 59 $ 51 Money market accounts 1,726 4,010 Interest bearing demand 2,681 3,523 Certificates of deposit 2,282 5,262 Total deposits $ 6,748 $ 12,846
Schedule of certificates of deposit maturities	The following is a schedule of certificates of deposit maturities. September 30, 2021 (In thousands) Maturing in the Fiscal Year Ending September 30, 2022 $ 58,172 2023 21,234 2024 17,928 2025 6,319 2026 7,160 Thereafter 790 $ 111,603

Borrowings (Tables)

Borrowings (Tables)	12 Months Ended
	Sep. 30, 2021
Debt Disclosure [Abstract]
Schedule of summary of long-term borrowings	The summary of long-term borrowings as of September 30, 2021 and 2020 are as follows: September 30, 2021 2020 Weighted Average Weighted Average Amount Rate Amount Rate (In thousands) Due by September 30: 2021 $ — — $ 110,000 0.76 2022 90,000 0.76 20,000 2.29 Total FHLB Advances $ 90,000 0.76 % $ 130,000 0.99 %

Derivatives (Tables)

Derivatives (Tables)	12 Months Ended
	Sep. 30, 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 September 30, 2021 and 2020: September 30, 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 $ 40,000 $ 14 Other assets $ 30,000 $ 47 Other liabilities Derivatives not designated as a hedging instrument: Interest rate swap agreement $ 44,748 $ 4,671 Other assets $ 44,748 $ 4,673 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	Offsetting of Derivative Assets (In thousands) as of September 30, 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 $ 4,685 $ — $ 4,685 $ — $ — $ 4,685 Offsetting of Derivative Liabilities (In thousands) as of September 30, 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 $ 4,720 $ — $ 4,720 $ 221 $ 8,257 $ (3,758 ) Note 11 - Derivatives (Continued) 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) income and the Consolidate Statements of Operations	The tables below present the net gains (losses) recorded in accumulated other comprehensive (loss) income and the Consolidated Statements of Operations relating to the cash flow derivative instruments for the years ended September 30, 2021 and 2020. For the Year Ended September 30, 2021 Amount of Gain Recognized in OCI on Derivative Amount of Loss Reclassified from OCI to Interest Expense (In thousands) Interest rate swap agreements $ 255 $ (995 ) Total derivatives $ 255 $ (995 ) For the Year Ended September 30, 2020 Amount of Loss Recognized in OCI on Derivative Amount of Gain Reclassified from OCI to Interest Expense (In thousands) Interest rate swap agreements $ (1,088 ) $ (437 ) Total derivatives $ (1,088 ) $ (437 )
Schedule of effects of derivative instruments on Consolidated Statements of Operations	Note 11 - Derivatives (Continued) The tables below present the effect of the Company’s derivative financial instruments on the Consolidated Statements of Operations for the years ended September 30, 2021 and 2020. For the Year Ended September 30, 2021 Consolidated Statements of Operations Amount of Loss Recognized in Income on derivatives (In thousands) Derivatives not designated as a hedging instrument: Interest rate swap agreement Other income $ 2 Total $ 2 For the Year Ended September 30, 2020 Consolidated Statements of Operations Amount of Loss Recognized in Income on derivatives (In thousands) Derivatives not designated as a hedging instrument: Interest rate swap agreement Other income $ (6 ) Total $ (6 )

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Sep. 30, 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 at September 30, 2021 and 2020: September 30, 2021 Total Level 1 Level 2 Level 3 (In thousands) Assets: Investment securities available-for-sale: Debt securities: U.S. government agencies $ 4,993 $ — $ 4,993 $ — State and municipal obligations 2,765 — 2,765 — Single issuer trust preferred security 875 — 875 — Corporate debt securities 32,180 — 32,180 — Total investment securities available-for-sale $ 40,813 $ — $ 40,813 $ — Equity securities: Mutual fund $ 1,500 $ 1,000 $ — $ 500 Total equity investment securities $ 1,500 $ 1,000 $ — $ 500 Derivative instruments $ 4,685 $ — $ 4,685 $ — Liabilities: Derivative instruments $ 4,720 $ — $ 4,720 $ — 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 — Total investment securities available-for-sale $ 30,018 $ — $ 30,018 $ — Equity securities: Mutual fund $ 1,523 $ 1,023 $ — $ 500 Total equity investment securities $ 1,523 $ 1,023 $ — $ 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 years ended September 30, 2021 and September 30, 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, September 30, 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, September 30, 2020 $ 500
Schedule of assets measured at fair value on a non recurring basis	For assets measured at fair value on a nonrecurring basis in fiscal year 2021 and fiscal year 2020 that were still held at the end of the period, the following table provides the level of valuation assumptions used to determine each adjustment and the carrying value of the related individual assets or portfolios at September 30, 2021 and 2020: September 30, 2021 Total Level 1 Level 2 Level 3 (In thousands) Other real estate owned $ 4,961 $ — $ — $ 4,961 Impaired loans (1) 33,876 18,900 — 14,976 Total $ 38,837 $ 18,900 $ — $ 19,937 September 30, 2021 Fair Value at September 30, 2021 Valuation Technique Unobservable Input Range/(Weighted Average) (In thousands) Other real estate owned $ 4,961 Appraisal of Collateral(2) Collateral discount(3) 6.4%/(6.4%) Impaired loans (1) 33,876 Appraisal of Collateral(2) Collateral discount(3) (4.0%) – (12%)/(8%) Total $ 38,837 (1) Consisted of eight loans with an aggregate balance of $35.4 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) (In thousands) Other real estate owned $ 5,796 Appraisal of Collateral(2) Collateral discount(3) 6.5%/(6.5%) Impaired loans (1) 7,920 Appraisal of Collateral(2) Collateral discount(3) (2.0%) - 20%/(1.4%) Total $ 13,716 (1) Consisted of four 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 September 30, 2021 and 2020 were as follows: ​ Carrying Amount Fair Value Level 1 Level 2 Level 3 ​ (In thousands) September 30, 2021: Financial assets: ​ ​ ​ ​ ​ Cash and cash equivalents $ 136,590 $ 136,590 $ 136,590 $ — $ — Investment securities available-for-sale 40,813 40,813 — 40,813 — Investment securities held-to-maturity 28,507 28,913 — 28,913 — Equity securities 1,500 1,500 1,000 — 500 Loans receivable, net (including impaired ) 902,981 900,357 — — 900,357 Loans Held For Sale 33,199 33,199 19,583 — 13,616 Accrued interest receivable 3,512 3,512 — 3,512 — Restricted stock 7,776 7,776 — 7,776 — Mortgage servicing rights (included in Other Assets) 83 83 — 83 — Derivatives (included in Other Assets) 4,685 4,685 — 4,685 — Financial liabilities: ​ ​ ​ ​ ​ Savings accounts 50,582 50,582 — 50,582 — Checking and NOW accounts 390,494 390,494 — 390,494 — Money market accounts 385,480 385,480 — 385,480 — Certificates of deposit 111,603 113,323 — 113,323 — Borrowings (excluding sub debt) 90,000 90,215 — 90,215 — Subordinated debt 24,934 25,027 — 25,027 — Derivatives (included in Other Liabilities) 4,720 4,720 — 4,720 — Accrued interest payable 572 572 — 572 — September 30, 2020: Financial assets: ​ ​ ​ ​ ​ Cash and cash equivalents $ 61,439 $ 61,439 $ 61,439 $ — $ — Investment securities available-for-sale 30,018 30,018 — 30,018 — Investment securities held-to-maturity 14,970 15,608 — 15,608 — Equity securities 1,523 1,523 1,023 — 500 Loans receivable, net (including impaired loans) 1,026,984 1,035,941 — — 1,035,941 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 —

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Sep. 30, 2021
Income Tax Disclosure [Abstract]
Schedule of deferred income taxes	Deferred income taxes at September 30, 2021 and 2020 were as follows: September 30, 2021 2020 (In thousands) DTAs: Allowance for loan losses $ 2,807 $ 3,053 Non-accrual interest 276 29 Supplement Employer Retirement Plan 173 193 Federal and State net operating loss 155 6 Unrealized loss on investments available-for-sale — 296 Depreciation 53 36 Lease liability 448 656 Other 113 89 Total DTAs 4,025 4,358 Valuation allowance for DTAs — — Total DTAs, Net of Valuation Allowance $ 4,025 $ 4,358 DTLs: Unrealized gain on investments available-for-sale (3 ) — Mortgage servicing rights (20 ) (27 ) Right of use asset (440 ) (648 ) Other (32 ) (3 ) Total DTLs (495 ) (678 ) DTAs, Net $ 3,530 $ 3,680
Schedule of income tax benefit	Income tax benefit for the fiscal years ended September 30, 2021 and 2020 was comprised of the following: September 30, 2021 2020 (In thousands) Federal: Current $ (62) $ 394 Deferred (112 ) (495 ) (174 ) (101 ) State: Current - 271 Deferred (38 ) (206 ) (38 ) 65 Total income tax benefit $ (212 ) $ (36 )
Schedule of statutory federal income tax rate to the actual income tax benefit	A reconciliation from the expected federal income tax expense (benefit) computed at the statutory federal income tax rate to the actual income tax benefit included in the consolidated statements of income for the fiscal years ended September 30, 2021 and 2020: September 30, 2021 2020 (In thousands) Tax at statutory rate $ (64) (21.0) % $ 128 21.0 % Adjustments resulting from: State tax, net of federal benefit (30) (9.8) 51 8.5 Tax-exempt interest (26) (8.6) (59 ) (9.7 ) Earnings on bank-owned life insurance (138 ) (45.3) (107 ) (17.6 ) Other 46 15.1 (49 ) (8.1 ) Total $ (212 ) (69.6) % $ (36 ) (5.9 )%

Leases (Tables)

Leases (Tables)	12 Months Ended
	Sep. 30, 2021
Leases [Abstract]
Components of Lease Expense	The components of lease expense for the fiscal years ended September 30, 2021 and 2020 were as follows: September 30, 2021 2020 In thousands Operating lease cost $ 661 $ 698 Finance lease cost — — Short-term lease cost 95 104 Total $ 756 $ 802
Schedule of Supplemental Information of Leases	Supplemental information at and for September 30, 2021 and the fiscal year ended September 30, 2020 related to leases was as follows: September 30, 2021 September 30, 2020 (Dollars in thousands) (Dollars in thousands) Supplemental balance sheet information Operating lease right-of-use assets $ 1,796 $ 2,638 Operating lease liabilities $ 1,830 $ 2,671 Weighted average remaining lease term 4.50 years 5.40 years Weighted average discount rate 1.99 % 1.99 % Twelve Months Ended September 30, 2021 Twelve Months Ended September 30, 2020 (In thousands) (In thousands) Supplemental cash flow information Operating cash flows from operating leases $ 893 $ 667 ROU assets obtained in exchange for lease obligations $ 3,279 $ 3,279
Schedule of Maturities of Lease Liabilities	Maturities of lease liabilities were as follows: Operating Leases (In thousands) Years ended September 30: 2022 $ 449 2023 431 2024 431 2025 432 2026 153 Thereafter 51 Total lease payments $ 1,947 Less: imputed interest (117) Total $ 1,830
Schedule of Future Minimum Rental Commitments Under Lease	The Company receives rents from the lease of office and residential space owned by the Company. Rental income is included in Other Income. Future minimum rental commitments under these leases are (in thousands): Years ending September 30: 2022 $ 95 2023 — 2024 — 2025 — 2026 — $ 95

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Sep. 30, 2021
Commitments And Contingencies Disclosure [Abstract]
Schedule of financial instruments outstanding	Note 15 – Commitments and Contingencies (Continued) At September 30, 2021 and 2020, the following financial instruments were outstanding whose contract amounts represent credit risk: September 30, 2021 2020 (In thousands) Commitments to extend credit: Future loan commitments $ 32,889 $ 7,687 Undisbursed construction loans 12,672 24,551 Undisbursed home equity lines of credit 25,722 24,751 Undisbursed commercial lines of credit 19,901 22,918 Undisbursed commercial unsecured lines of credit 66,941 58,445 Overdraft protection lines 1,549 1,362 Standby letters of credit 9,026 9,074 Total Commitments $ 168,700 $ 148,788

Regulatory Matters (Tables)

Regulatory Matters (Tables)	12 Months Ended
	Sep. 30, 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 September 30, 2021 and 2020: Actual For Capital Adequacy Purposes To Be Well Capitalized Under Prompt Corrective Action Provisions (1) (In thousands) Capital Amount Ratio Capital Amount Ratio Capital Amount Ratio As of September 30, 2021: Tier 1 Leverage (Core) Capital (to average assets) $ 142,132 11.84 % $ 48,020 4.00 % N/A N/A Common Equity Tier 1 Capital (to risk- weighted assets) 142,132 14.53 % 44,024 4.50 % N/A NA Tier 1 Capital (to risk-weighted assets) 142,132 14.53 % 58,699 6.00 % N/A NA Total Risk-Based Capital (to risk- weighted assets) 178,620 18.26 % 78,265 8.00 % N/A N/A As of September 30, 2020: Tier 1 Leverage (Core) Capital (to average assets) $ 141,681 11.63 % $ 48,743 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 (1) The Company is not subject to the regulatory capital ratios imposed by Basel III on bank holding companies because the Company was deemed to be a small bank holding company as of September 30, 2021 and 2020. Note 16 - Regulatory Matters (Continued) The following table summarizes the Bank’s compliance with applicable regulatory capital requirements as of September 30, 2021 and 2020: To Be Well Capitalized For Capital Under Prompt Corrective Actual Adequacy Purposes Action Provisions (In thousands) Capital Amount Ratio Capital Amount Ratio Capital Amount Ratio As of September 30, 2021: Tier 1 Leverage (Core) Capital (to average assets) $ 157,518 13.14 % $ 47,946 4.00 % $ 59,933 5.00 % Common Equity Tier 1 Capital (to risk- weighted assets) 157,518 16.13 % 43,934 4.50 % 63,460 6.50 % Tier 1 Capital (to risk-weighted assets) 157,518 16.13 % 58,579 6.00 % 78,105 8.00 % Total Risk-Based Capital (to risk-weighted assets) 169,072 17.32 % 78,105 8.00 % 97,632 10.00 % As of September 30, 2020: Tier 1 Leverage (Core) Capital (to average 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 %
Schedule of reconciliation of Bank's equity	The following table presents a reconciliation of the Bank’s equity determined using GAAP and its regulatory capital amounts as of September 30, 2021 and 2020: September 30, 2021 2020 (In thousands) Bank GAAP equity $ 157,554 $ 154,487 Net unrealized loss on securities available for sale, net of income taxes (45) 93 Net unrealized loss on derivatives, net of income taxes 9 995 Tangible Capital, Core Capital and Tier 1 Capital 157,518 155,575 Allowance for loan losses 11,554 12,515 Total Risk-Based Capital $ 169,072 $ 168,090

Comprehensive Income (Tables)

Comprehensive Income (Tables)	12 Months Ended
	Sep. 30, 2021
Equity [Abstract]
Schedule of components of accumulated other comprehensive income (loss)	The components of accumulated other comprehensive income (loss) included in shareholders’ equity are as follows: September 30, 2021 2020 (In thousands) Net unrealized holding gains (losses) on available-for- sale securities $ 57 $ (118 ) Tax effect (12 ) 25 Net of tax amount 45 (93 ) Fair value adjustment on derivatives (11 ) (1,260 ) Tax effect 2 265 Net of tax amount (9 ) (995 ) Total accumulated other comprehensive income (loss) $ 36 $ (1,088 )
Schedule of other comprehensive income (loss) and related tax effects	Note 17 – Comprehensive Income (Continued) Other comprehensive income (loss) and related tax effects are presented in the following table: Year Ended September 30, 2021 2020 (In thousands) Net unrealized holding gains on available-for-sale securities $ 950 $ 320 Reclassification adjustment for net gains arising during the period (779 ) (330 ) Adjustment for loss recorded on replacement of derivative (9) 31 Amortization of unrealized holding losses on securities available-for-sale transferred to held-to-maturity 4 3 Fair value adjustment on derivatives 1,258 (681 ) Other comprehensive income (loss) before taxes 1,424 (657 ) Tax effect (300) 138 Total other comprehensive income (loss) $ 1,124 $ (519 )

Equity Based Incentive Compen_2

Equity Based Incentive Compensation Plan (Tables)	12 Months Ended
	Sep. 30, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Schedule of assumptions used in determining fair value of stock option	The assumptions used in determining the fair value of stock option grants for the year ended September 30, 2021 are as follows: Weighted average fair value of awards $ 6.06 Risk-free rate 1.25 % Dividend yield — % Volatility 29.72 % Expected life 6.5 years The assumptions used in determining the fair value of stock option grants for the year ended September 30, 2020 are as follows: Weighted average fair value of awards $ 4.72 Risk-free rate 1.22 % Dividend yield — % Volatility 19.86 % Expected life 6.5 years
Schedule of stock option activity	The following is a summary of currently outstanding options at September 30, 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 7,000 $ 18.69 $ — Exercised — $ — $ — Forfeited/cancelled/expired — $ — $ — Outstanding, end of year 32,830 $ 20.96 7.392 $ 1,940 Exercisable at end of year 13,310 $ 21.53 6.193 $ 1,940 Nonvested at end of year 19,520 $ 20.56 The following is a summary of currently outstanding options at September 30, 2020: Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term (In Years) Aggregate Intrinsic Value Outstanding, beginning of year 18,830 $ 22.05 $ 21,350 Granted 7,000 $ 20.28 $ — Exercised — $ — $ — Forfeited/cancelled/expired — $ — $ — Outstanding, end of year 25,830 $ 21.57 7.819 $ — Exercisable at end of year 8,140 $ 21.50 6.794 $ — Nonvested at end of year 17,690 $ 21.60
Schedule of restricted stock outstanding	The table below summarizes the activity for the Company’s restricted stock outstanding at September 30, 2021: Shares Weighted Average Fair Value Outstanding, beginning of year 30,653 $ 21.98 Granted 12,363 18.69 Vested (11,530 ) 20.82 Forfeited/cancelled/expired — — Outstanding, end of year 31,486 $ 21.10 The table below summarizes the activity for the Company’s restricted stock outstanding at September 30, 2020: Shares Weighted Average Fair Value Outstanding, beginning of year 18,493 $ 21.78 Granted 23,821 19.62 Vested (10,051 ) 16.62 Forfeited/cancelled/expired (1,610 ) 21.43 Outstanding, end of year 30,653 $ 21.98

Condensed Financial Informati_2

Condensed Financial Information - Parent Company Only (Tables)	12 Months Ended
	Sep. 30, 2021
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]
Schedule of condensed statements of financial condition	Condensed Statements of Financial Condition September 30, 2021 2020 (In thousands) Assets Cash and Cash Equivalents $ 6,878 $ 8,411 Investment in subsidiaries 157,554 154,487 Loans receivable, net 934 1,104 Other assets 1,916 1,536 Total Assets $ 167,282 $ 165,538 Liabilities Subordinated debt $ 24,934 $ 24,776 Accrued interest payable 196 196 Accounts payable (16 ) (27 ) Total Liabilities 25,114 24,945 Shareholders’ Equity 142,168 140,593 Total Liabilities and Shareholders’ Equity $ 167,282 $ 165,538
Schedule of condensed statements of operations	Condensed Statements of Operations Year Ended September 30, 2021 2020 (In thousands) Income Interest income $ 51 $ 59 Total Interest Income 51 59 Expense Long-term borrowings 1,536 1,531 Total Interest Expense 1,536 1,531 Other operating expenses 560 375 Total Other Expenses 560 375 Total Expense 2,096 1,906 Loss before Equity in Undistributed Net Income of Subsidiaries and Income Tax Benefit (2,045 ) (1,847 ) Equity in Undistributed Net Income of Subsidiaries 1,473 2,071 Income tax benefit (480 ) (420 ) Net (Loss) Income $ (92 ) $ 644
Schedule of condensed statements of comprehensive income	Condensed Statements of Comprehensive Income Year Ended September 30, (In thousands) 2021 2020 Net (Loss) Income $ (92 ) $ 644 Other Comprehensive (Loss) Income, Net of Tax: Unrealized holding gains on available-for- sale securities 950 320 Tax effect (199 ) (67 ) Net of tax amount 751 253 Reclassification adjustment for net gains arising during the period ( 1) (779 ) (330 ) Tax effect 163 69 Net of tax amount (616 ) (261 ) Adjustment for loss recorded on replacement of derivative (9 ) 31 Accretion of unrealized holding losses on securities transferred from available-for-sale to held-to-maturity ( 2) 4 3 Tax effect (1 ) (1 ) Net of tax amount 3 2 Fair value adjustment on derivatives 1,258 (681 ) Tax effect (263 ) 137 Net of tax amount 995 (544 ) Total other comprehensive income (loss) 1,124 (519 ) Total comprehensive income $ 1,032 $ 125 (1) (2) Amounts are included in interest and dividends on investment securities on the Consolidated Statements of Operations.
Schedule of condensed statements of cash flows	Condensed Statements of Cash Flows Year Ended September 30, 2021 2020 (In thousands) Cash Flows from Operating Activities Net (loss) income $ (92 ) $ 644 Undistributed net income of subsidiaries (1,473 ) (2,071 ) ESOP expense 248 236 Stock based compensation 295 253 Amortization of subordinated debt issuance costs 158 157 Increase in other assets ( 850 ) (838 ) Increase (decrease) in other liabilities 11 (41 ) Net Cash Used in Operating Activities (1,703 ) (1,660 ) Cash Flows from Investing Activities Net decrease in loans 170 162 Net Cash Provided by Investing Activities 170 162 Cash Flows from Financing Activities Acquisition of treasury stock — (2,529 ) Proceeds from other borrowings 5,000 — Repayments of other borrowings (5,000 ) — Net Cash (Used in) Provided by Financing Activities — (2,529 ) Net Decrease in Cash and Cash Equivalents (1,533 ) (4,027 ) Cash and Cash Equivalents - Beginning 8,411 12,438 Cash and Cash Equivalents - Ending $ 6,878 $ 8,411

Quarterly Financial Informati_2

Quarterly Financial Information of Malvern Bancorp Inc. (Unaudited) (Tables)	12 Months Ended
	Sep. 30, 2021
Quarterly Financial Information Disclosure [Abstract]
Schedule of quarterly financial data	The following tables are a summary of certain quarterly financial data for the fiscal years ended September 30, 2021 and 2020. 2021 4 th. 3 rd. 2 nd. 1 st. (In thousands, except share data) Total Interest and Dividend Income $ 8,862 $ 9,419 $ 9,539 $ 10,596 Total Interest Expense 2,037 2,290 2,737 3,292 Net Interest Income 6,825 7,129 6,802 7,304 Provision for Loan Losses 10,626 — — 550 Total Other Income 579 793 1,167 1,224 Total Other Expenses 5,084 5,832 5,063 4,972 Income (Loss) before income tax expense (8,306 ) 2,090 2,906 3,006 Income tax (benefit) expense (2,116 ) 489 682 733 Net (Loss) Income $ (6,190 ) $ 1,601 $ 2,224 $ 2,273 (Loss) Earnings Per Common Share: Basic $ (0.82 ) $ 0.21 $ 0.30 $ 0.30 Diluted $ (0.82 ) $ 0.21 $ 0.30 $ 0.30 Weighted Average Common Shares Outstanding Basic 7,548,958 7,545,371 7,529,408 7,525,808 Diluted 7,550,766 7,546,200 7,530,151 7,526,376 Note 21 – Quarterly Financial Information (Unaudited) (Continued) 2021 4 th. 3 rd. 2 nd. 1 st. (In thousands, except share data) Cash and due from depository institutions $ 99,670 $ 90,441 $ 99,358 $ 83,764 Interest-bearing deposits in depository institutions 36,920 14,513 9,556 25,458 Investment securities, available for sale, at fair value 40,813 32,998 27,397 33,704 Equity Securities 1,500 1,504 1,502 1,520 Investment securities held to maturity 28,507 31,795 25,834 14,161 Restricted stock, at cost 7,776 7,896 8,891 9,327 Loans receivable, net of allowance for loan losses 902,981 940,735 974,596 990,346 Loans held-for-sale 33,199 — — — OREO 4,961 4,961 5,796 5,796 Accrued interest receivable 3,512 3,370 3,598 4,051 Operating lease right-of-use-assets 1,796 2,168 2,322 2,479 Property and equipment, net 5,777 5,902 6,040 6,154 Deferred income taxes, net 3,530 3,389 3,535 3,601 Bank-owned life insurance 26,056 25,889 25,725 25,564 Other assets 12,145 20,183 12,269 14,999 Total assets $ 1,209,143 $ 1,185,744 $ 1,206,419 $ 1,220,924 Deposits $ 938,159 $ 907,704 $ 912,213 $ 900,465 FHLB advances 90,000 90,000 110,000 130,000 Secured borrowings — — — — Other borrowings — — — 5,000 Subordinated debt 24,934 24,895 24,855 24,816 Operating lease liabilities 1,830 2,204 2,357 2,512 Other liabilities 12,052 12,749 11,143 14,865 Shareholders' equity 142,168 148,192 145,851 143,266 Total liabilities and shareholders' equity $ 1,209,143 $ 1,185,744 $ 1,206,419 $ 1,220,924 Note 21 – Quarterly Financial Information (Unaudited) (Continued) 2020 4 th. 3 rd. 2 nd. 1 st. (In thousands, except share data) Total Interest and Dividend Income $ 10,340 $ 10,498 $ 11,629 $ 11,840 Total Interest Expense 3,620 3,867 4,836 4,952 Net Interest Income 6,720 6,631 6,793 6,888 Provision for Loan Losses 7,400 435 625 2,150 Total Other Income 692 389 964 443 Total Other Expenses 4,558 4,684 4,638 4,422 Income before income tax expense (4,546 ) 1,901 2,494 759 Income tax expense (1,043 ) 447 586 (26 ) Net Income $ (3,503 ) $ 1,454 $ 1,908 $ 785 Earnings Per Common Share: Basic $ (0.46 ) $ 0.19 $ 0.25 $ 0.10 Diluted $ (0.46 ) $ 0.19 $ 0.25 $ 0.10 Weighted Average Common Shares Outstanding Basic 7,522,199 7,538,375 7,663,771 7,665,842 Diluted 7,522,360 7,538,375 7,663,771 7,665,842 Note 21 – Quarterly Financial Information (Unaudited) (Continued) 2020 4 th. 3 rd. 2 nd. 1 st. (In thousands, except share data) Cash and due from depository institutions $ 16,386 $ 30,653 $ 1,829 $ 1,337 Interest-bearing deposits in depository institutions 45,053 28,291 124,239 158,465 Investment securities, available for sale, at fair value 30,018 31,722 20,325 22,225 Equity Securities 1,523 1,523 1,514 1,498 Investment securities held to maturity 14,970 15,921 18,046 20,578 Restricted stock, at cost 9,622 9,766 10,913 11,115 Loans receivable, net of allowance for loan losses 1,026,894 1,032,318 1,007,132 996,879 OREO 5,796 5,796 5,796 5,796 Accrued interest receivable 3,677 5,680 4,121 4,061 Operating lease right-of-use-assets 2,638 2,799 2,959 3,119 Property and equipment, net 6,274 6,355 6,476 6,594 Deferred income taxes, net 3,680 3,103 2,974 2,806 Bank-owned life insurance 25,400 20,270 20,144 20,018 Other assets 16,344 13,873 13,869 8,341 Total assets $ 1,208,275 $ 1,208,070 $ 1,240,337 $ 1,262,832 Deposits $ 890,906 $ 884,444 $ 915,900 $ 943,819 FHLB advances 130,000 130,000 133,000 133,000 Secured borrowing 4,225 4,225 4,225 4,250 Subordinated debt 24,776 24,737 24,697 24,658 Operating lease liabilities 2,671 2,824 2,976 3,128 Other liabilities 15,104 18,309 16,389 10,442 Shareholders' equity 140,593 143,531 143,150 143,535 Total liabilities and shareholders' equity $ 1,208,275 $ 1,208,070 $ 1,240,337 $ 1,262,832

Organizational Structure and _2

Organizational Structure and Nature of Operations - (Narrative) (Detail)	12 Months Ended
	Sep. 30, 2021
Bell Rock Capital, LLC [Member]
Non-controlling ownership percentage	10.00%
Bankers Settlement Services Capital Region, LLC [Member]
Non-controlling ownership percentage	3.39%
Malvern Insurance Associates LLC [Member]
Ownership percentage	100.00%
Delaware Statutory Trusts [Member]
Mortgage backed securities percentage	5.00%
Delaware Statutory Trusts [Member] | Coastal Asset Management Co. [Member]
Mortgage backed securities percentage	95.00%
Joliet 55 LLC [Member]
Ownership percentage	100.00%

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Narrative) (Detail)	Dec. 27, 2020	Mar. 27, 2020USD ($)	Mar. 16, 2020	Mar. 03, 2020	Oct. 31, 2021Loan	Sep. 30, 2021USD ($)shares	Sep. 30, 2021USD ($)SegmentLoanshares	Sep. 30, 2020USD ($)shares	Mar. 26, 2020
Summary Of Significant Accounting Policies [Line Items]
Debt Instrument Basis Spread On Variable Rate Reduced				0.50%
Look-back period to calculate loss rates							1 year
Percentage of mortgage insurance on loans							80.00%
Amount of net repurchases							$ 1,800,000	$ 1,500,000
Number of FHLB shares outstanding | shares						103,793	103,793	122,177
Dividends, restricted stock							$ 459,000	$ 631,000
Property and equipment, depreciation method							straight-line and accelerated methods
Expenses of matching contribution related to the plan							$ 77,000	131,000
Accrued amount for the plans included in other liabilities						$ 709,000	709,000	784,000
Distributions made during the period							79,000	94,000
Expense/(benefit) associated with the plans							4,000	4,000
Recognition of swap fees							0	371,000,000
Advertising							$ 109,000	119,000
Number of Reportable Segments | Segment							1
Loan held for sale						33,199,000	$ 33,199,000	0
Charge-off							(12,313,000)	(8,396,000)
Investment in Federal Home Loan Bank Stock [Member]
Summary Of Significant Accounting Policies [Line Items]
Dividends, restricted stock							459,000	631,000
Federal Home Loan Bank of Philadelphia [Member]
Summary Of Significant Accounting Policies [Line Items]
Cash reserve requirements						0	0	0
Cash reserve requirement ratios reduced percentage									0.00%
Investment securities						0	$ 0	0
CARES Act [Member]
Summary Of Significant Accounting Policies [Line Items]
Relief package		$ 900,000,000,000
Relief package, expiry date		Dec. 31, 2020
2021 Consolidated Appropriations Act [Member]
Summary Of Significant Accounting Policies [Line Items]
Relief package, expiry date	Jan. 1, 2022
Number of days extended relief amount after termination of national emergency declared by president	60 days
Minimum [Member]
Summary Of Significant Accounting Policies [Line Items]
Federal fund interest rate			0.00%	1.00%			0.00%
Mortgage loan maturity term							10 years
Troubled debt restructured term							6 months
Useful life							P3Y
Maximum [Member]
Summary Of Significant Accounting Policies [Line Items]
Federal fund interest rate			0.25%	1.25%			0.25%
Mortgage loan maturity term							30 years
Percentage of loan to value ratio							95.00%
Commercial business loan term							10 years
Useful life							39 years
Commercial Real Estate [Member]
Summary Of Significant Accounting Policies [Line Items]
Number of loans transferred from loans receivable held for investment to loans held for sale | Loan							4
Loans transferred from loans receivable held for investment to loans held for sale							$ 32,500,000
Charge-off						10,800,000	$ (11,930,000)	$ (8,330,000)
Commercial Real Estate [Member] | Subsequent Event [Member]
Summary Of Significant Accounting Policies [Line Items]
Number of loans sold | Loan					3
Credit Concentration Risk [Member] | Loans Held for Investment [Member] | Commercial Real Estate [Member]
Summary Of Significant Accounting Policies [Line Items]
Concentration risk percentage							4.70%	4.80%
Error Correction, Immaterial [Member]
Summary Of Significant Accounting Policies [Line Items]
Adjustment to non-accrued interest on charged off loans						$ 350,000

Non-Interest Income - Schedule

Non-Interest Income - Schedule of Company's Non-Interest Income (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2021	Sep. 30, 2020
Rental income									$ 217	$ 217
Net gains on sale and call of investments									779	330
Net gains on sale of loans									788	116
Earnings on bank-owned life insurance									656	509
Non-interest income within the scope of other GAAP topics									2,440	1,172
Non-interest income from contracts with customers									1,323	1,316
Total Other Income	$ 579	$ 793	$ 1,167	$ 1,224	$ 692	$ 389	$ 964	$ 443	3,763	2,488
ATM Fees [Member]
Non-interest income from contracts with customers									13	10
Credit Card Fee Income [Member]
Non-interest income from contracts with customers									22	21
DDA Fee Income [Member]
Non-interest income from contracts with customers									91	79
DDA Service Fees [Member]
Non-interest income from contracts with customers									90	76
Debit Card Fees [Member]
Non-interest income from contracts with customers									283	245
Other Loan Fee Income [Member]
Non-interest income from contracts with customers									574	621
Other Fee Income [Member]
Non-interest income from contracts with customers									242	257
Other Non-interest Income [Member]
Non-interest income from contracts with customers									$ 8	$ 7

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Detail) - shares	12 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Earnings Per Share [Abstract]
Stock options	7,000	7,000
Restricted shares issued	12,363	22,211

Earnings Per Share (Detail)

Earnings Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2021	Sep. 30, 2020
Earnings Per Share [Abstract]
Net Income (Loss)	$ (6,190)	$ 1,601	$ 2,224	$ 2,273	$ (3,503)	$ 1,454	$ 1,908	$ 785	$ (92)	$ 644
Weighted average shares outstanding									7,616,151	7,690,675
Average unearned ESOP shares									(78,743)	(93,147)
Basic weighted average shares outstanding	7,548,958	7,545,371	7,529,408	7,525,808	7,522,199	7,538,375	7,663,771	7,665,842	7,537,408	7,597,528
Plus: effect of dilutive options and restricted stock									708	198
Diluted weighted average common shares outstanding	7,550,766	7,546,200	7,530,151	7,526,376	7,522,360	7,538,375	7,663,771	7,665,842	7,538,116	7,597,726
Earnings (loss) per share:
Basic	$ (0.82)	$ 0.21	$ 0.30	$ 0.30	$ 0.46	$ 0.19	$ 0.25	$ 0.10	$ 0.01	$ 0.08
Diluted	$ (0.82)	$ 0.21	$ 0.30	$ 0.30	$ 0.46	$ 0.19	$ 0.25	$ 0.10	$ 0.01	$ 0.08

Employee Stock Ownership Plan (

Employee Stock Ownership Plan (Narrative) (Detail) - USD ($) $ / shares in Units, $ in Millions	4 Months Ended	12 Months Ended
	Sep. 30, 2008	Sep. 30, 2021	Sep. 30, 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 five percent, is being repaid in quarterly installments through 2026 principally from the Bank’s contributions to the ESOP.
Committed to be released ESOP shares		14,400	14,400
Number of unallocated shares		71,565
Number of allocated shares held by the ESOP		187,653
Aggregate fair value of shares held by the ESOP		$ 1.2

Investment Securities (Detail)

Investment Securities (Detail) - USD ($) $ in Thousands	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019
Schedule of available-for-sale securities and cost-method investments [Line Items]
Amortized Cost	$ 40,756				$ 30,135
Gross Unrealized Gains	244				201
Gross Unrealized Losses	(187)				(318)
Fair value	40,813	$ 32,998	$ 27,397	$ 33,704	30,018	$ 31,722	$ 20,325	$ 22,225
Amortized Cost	28,507	31,795	25,834	14,161	14,970	15,921	18,046	20,578
Gross Unrealized Gains	468				638
Gross Unrealized Losses	(62)
Fair value	28,913				15,608
Equity securities Amortized Cost	1,500				1,523
Equity securities Fair Value	1,500	$ 1,504	$ 1,502	$ 1,520	1,523	$ 1,523	$ 1,514	$ 1,498
Total investment and equity securities Amortized Cost	70,763				46,628
Total investment and equity securities Gross Unrealized Gains	712				839
Total investment and equity securities Gross Unrealized Losses	(249)				(318)
Total investment and equity securities Fair Value	71,226				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	(7)
Fair value	4,993				5,040
Amortized Cost	10,000
Gross Unrealized Gains	11
Fair value	10,011
State And Municipal Obligations [Member]
Schedule of available-for-sale securities and cost-method investments [Line Items]
Amortized Cost	2,767				3,101
Gross Unrealized Gains	1				4
Gross Unrealized Losses	(3)
Fair value	2,765				3,105
Amortized Cost	6,062				1,794
Gross Unrealized Gains	104				129
Gross Unrealized Losses	(49)
Fair value	6,117				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	(125)				(75)
Fair value	875				925
Corporate Debt Securities [Member]
Schedule of available-for-sale securities and cost-method investments [Line Items]
Amortized Cost	31,989				21,009
Gross Unrealized Gains	243				182
Gross Unrealized Losses	(52)				(243)
Fair value	32,180				20,948
Amortized Cost	3,383				3,498
Gross Unrealized Gains	224				260
Fair value	3,607				3,758
Collateralized Mortgage Obligations [Member] | Fixed Rate [Member]
Schedule of available-for-sale securities and cost-method investments [Line Items]
Amortized Cost	9,062				9,678
Gross Unrealized Gains	129				249
Gross Unrealized Losses	(13)
Fair value	9,178				9,927
Mutual Fund [Member]
Schedule of available-for-sale securities and cost-method investments [Line Items]
Equity securities Amortized Cost	1,500				1,523
Equity securities Fair Value	$ 1,500				$ 1,523

Investment Securities - (Narrat

Investment Securities - (Narrative) (Detail)	12 Months Ended
	Sep. 30, 2021USD ($)Investment	Sep. 30, 2020USD ($)Investment
Marketable Securities [Line Items]
Sales	$ 17,297,000	$ 8,901,000
Available-for-sale investment securities, calls	2,200,000	7,400,000
Held-to-maturity investment securities	10,600,000	0
Gain on sale of securities available for sales and calls	779,000	330,000
Fair value of available for sale securities transferred	2,900,000	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
State And Municipal Obligations [Member]
Marketable Securities [Line Items]
Number of portfolio investments | Investment	2
Mutual Fund [Member]
Marketable Securities [Line Items]
Number of portfolio investments | Investment	1
Corporate Debt Securities [Member]
Marketable Securities [Line Items]
Number of portfolio investments | Investment	5	5
Mortgage-Backed Securities [Member]
Marketable Securities [Line Items]
Number of portfolio investments | Investment	1
Single Issuer Trust Preferred Security [Member]
Marketable Securities [Line Items]
Number of portfolio investments | Investment	1	1

Investment Securities - Gross U

Investment Securities - Gross Unrealized Loss (Detail) - USD ($) $ in Thousands	Sep. 30, 2021	Sep. 30, 2020
Schedule of available-for-sale securities and cost-method investments [Line Items]
Less than 12 Months: Fair Value	$ 15,287
Less than 12 Months: Unrealized Losses	(35)
12 Months or longer: Fair Value	3,848
12 Months or longer: Unrealized Losses	(152)
Total: Fair Value	19,135
Total: Unrealized Losses	(187)
Total investment securities in an unrealized loss position less than 12 months fair value		$ 4,426
Total investment securities in an unrealized loss position less than 12 months gross unrealized loss		(74)
Total investment securities in an unrealized loss position 12 months or more fair value		4,255
Total investment securities in an unrealized loss position 12 months or more gross unrealized loss		(244)
Total investment securities in an unrealized loss position fair value		8,681
Total investment securities in an unrealized loss position gross unrealized loss		(318)
U. S. Government Agencies [Member]
Schedule of available-for-sale securities and cost-method investments [Line Items]
Less than 12 Months: Fair Value	4,993
Less than 12 Months: Unrealized Losses	(7)
Total: Fair Value	4,993
Total: Unrealized Losses	(7)
State And Municipal Obligations [Member]
Schedule of available-for-sale securities and cost-method investments [Line Items]
Less than 12 Months: Fair Value	1,819
Less than 12 Months: Unrealized Losses	(3)
Total: Fair Value	1,819
Total: Unrealized Losses	(3)
Single Issuer Trust Preferred Security [Member]
Schedule of available-for-sale securities and cost-method investments [Line Items]
12 Months or longer: Fair Value	875	925
12 Months or longer: Unrealized Losses	(125)	(75)
Total: Fair Value	875	925
Total: Unrealized Losses	(125)	(75)
Corporate Debt Securities [Member]
Schedule of available-for-sale securities and cost-method investments [Line Items]
Less than 12 Months: Fair Value	8,475	4,426
Less than 12 Months: Unrealized Losses	(25)	(74)
12 Months or longer: Fair Value	2,973	3,330
12 Months or longer: Unrealized Losses	(27)	(169)
Total: Fair Value	11,448	7,756
Total: Unrealized Losses	$ (52)	$ (243)

Investment Securities - Schedul

Investment Securities - Schedule maturities (Detail) - USD ($) $ in Thousands	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019
Available for Sale, Amortized Cost:
Due after one year through five years	$ 4,445
Due after five years through ten years	27,989
Due after ten years	8,322
Amortized Cost	40,756				$ 30,135
Held-to-Maturity, Amortized Cost:
Due after one year through five years	4,474
Due after five years through ten years	5,666
Due after ten years	9,304
Collateralized mortgage obligations, fixed-rate	9,063
Amortized Cost	28,507	$ 31,795	$ 25,834	$ 14,161	14,970	$ 15,921	$ 18,046	$ 20,578
Equity Securities Amortized Cost
Equity securities Amortized Cost	1,500				1,523
Total investment and equity securities Amortized Cost	70,763				46,628
Available for Sale, Fair Value:
Due after one year through five years	4,434
Due after five years through ten years	28,069
Due after ten years	8,310
Available-for-sale Securities, Fair value, Total	40,813	32,998	27,397	33,704	30,018	31,722	20,325	22,225
Held-to-Maturity, Fair Value:
Due after one year through five years	4,764
Due after five years through ten years	5,712
Due after ten years	9,259
Mortgage-backed securities:
Collateralized mortgage obligations, fixed-rate	9,178
Held-to-maturity Securities, Fair Value, Total	28,913				15,608
Equity Securities Fair Value
Total	1,500	$ 1,504	$ 1,502	$ 1,520	1,523	$ 1,523	$ 1,514	$ 1,498
Total investment securities, Fair Value	71,226				47,149
Mutual Fund [Member]
Equity Securities Amortized Cost
Due in one year or less	500
Due after five years through ten years	1,000
Equity securities Amortized Cost	1,500				1,523
Equity Securities Fair Value
Due in one year or less	500
Due after five years through ten years	1,000
Total	$ 1,500				$ 1,523

Loans Receivable and Related _3

Loans Receivable and Related Allowance for Loan Losses (Detail) - USD ($) $ in Thousands	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019
Financing Receivable, Impaired [Line Items]
Total loans	$ 913,824				$ 1,039,001
Deferred loan fees and cost, net	629				326
Allowance for loan losses	(11,472)				(12,433)				$ (10,095)
Total loans receivable, net	902,981	$ 940,735	$ 974,596	$ 990,346	1,026,894	$ 1,032,318	$ 1,007,132	$ 996,879
Commercial and Industrial [Member]
Financing Receivable, Impaired [Line Items]
Total loans	115,246				116,584
Allowance for loan losses	(2,221)				(578)				(615)
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Total loans	198,710				242,090
Allowance for loan losses	(934)				(1,667)				(1,364)
Construction and Development - Residential and Commercial Receivables [Member]
Financing Receivable, Impaired [Line Items]
Total loans	61,492				65,703
Allowance for loan losses	(428)				(465)				(523)
Construction and Development - Land Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	2,204				3,110
Allowance for loan losses	(15)				(23)				(20)
Construction And Development Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	63,696				68,813
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Total loans	426,915				495,398
Allowance for loan losses	(7,043)				(8,682)				(5,903)
Commercial Farmland [Member]
Financing Receivable, Impaired [Line Items]
Total loans	10,297				7,517
Allowance for loan losses	(56)				(47)				(49)
Commercial Multi Family Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	66,332				67,767
Allowance for loan losses	(450)				(511)				(369)
Commercial - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	10,954				10,142
Allowance for loan losses	(54)				(51)				(21)
Commercial [Member]
Financing Receivable, Impaired [Line Items]
Total loans	629,744				697,408
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Total loans	13,491				17,128
Allowance for loan losses	(76)				(130)				(122)
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	5,884				10,711
Allowance for loan losses	(87)				(196)				(267)
Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	2,299				2,851
Allowance for loan losses	(20)				(29)				$ (23)
Consumer Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total loans	$ 21,674				$ 30,690

Loans Receivable and Related _4

Loans Receivable and Related Allowance for Loan Losses (Narrative) (Detail)	12 Months Ended
	Sep. 30, 2021USD ($)Number	Sep. 30, 2020USD ($)Number
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	$ 913,824,000	$ 1,039,001,000
Deferred loan fees, net	(629,000)	(326,000)
Impaired loans with no specific allowance	39,740,000	29,445,000
Non accrual loans interest income	1,200,000	425,000
Loans past due 90 days or more and still accruing interest	0	58,000
Non-accrual loans	$ 3,697,000	$ 16,730,000
Number of loans | Number	26	26
Financing receivable, collateral dependent TDR loan	$ 18,241,000	$ 21,687,000
Valuation allowance on servicing rights	$ 0	$ 0
Number of loans | Number	8	43
Aggregate principal balance	$ 61,200,000	$ 144,800,000
Mortgage Servicing Rights [Member]
Financing Receivable, Impaired [Line Items]
Servicing Asset	$ 13,100,000	$ 20,100,000
Loan servicing rights, discount rate	10.50%	11.50%
Two Commercial Real Estate Loans [Member]
Financing Receivable, Impaired [Line Items]
Impaired loans with no specific allowance	$ 11,400,000
Number of loans, deemed impaired with no specific allowance | Number	2
Loans returned to accrual status	$ 6,600,000
Loans transferred to loans held-for-sale	$ 7,500,000
Number of loans returned to accrual status | Number	1
Number of loans transferred to loans held for sale | Number	1
Write Down of Commercial Real Estate Loan Two [Member]
Financing Receivable, Impaired [Line Items]
Financing receivable, collateral dependent TDR loan	$ 5,700,000
Addition of Commercial Farmland Loan One [Member]
Financing Receivable, Impaired [Line Items]
Financing receivable, collateral dependent TDR loan	2,300,000
Construction and Development - Residential and Commercial Receivables [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	61,492,000	$ 65,703,000
Real estate through foreclosure	185,000	175,000
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	198,710,000	242,090,000
Impaired loans with no specific allowance	2,594,000	3,388,000
Non-accrual loans	$ 879,000	$ 2,036,000
Number of loans | Number	16	17
Financing receivable, collateral dependent TDR loan	$ 3,180,000	$ 3,435,000
Number of loans | Number	2	5
Residential Mortgage [Member] | Fixed Rate [Member]
Financing Receivable, Impaired [Line Items]
Sale of loan servicing rights at fair value	$ 21,900,000	$ 5,200,000
Gain on sale of loans, net	788,000	116,000
Commercial and Industrial [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	115,246,000	$ 116,584,000
Impaired loans with no specific allowance	630,000
Non-accrual loans	$ 2,517,000
Number of loans | Number	1
Financing receivable, collateral dependent TDR loan	$ 549,000
Number of loans | Number		10
Commercial and Industrial [Member] | Paycheck Protection Program Loans [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	$ 0	$ 20,800,000
Deferred loan fees, net		$ 609,000

Loans Receivable and Related _5

Loans Receivable and Related Allowance for Loan Losses (1) (Detail) - USD ($) $ in Thousands	3 Months Ended						12 Months Ended
	Sep. 30, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2021	Sep. 30, 2020
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning balance		$ 12,433				$ 10,095	$ 12,433	$ 10,095
Charge-offs							(12,313)	(8,396)
Recoveries							176	124
Provisions	$ 10,626	550	$ 7,400	$ 435	$ 625	2,150	11,176	10,610
Allowance for credit losses, Ending Balance	11,472		12,433				11,472	12,433
Allowance for credit losses: Ending balance: individually evaluated for impairment	1,544		308				1,544	308
Allowance for credit losses: Ending balance: collectively evaluated for impairment	9,928		12,125				9,928	12,125
Loans receivable	913,824		1,039,001				913,824	1,039,001
Loans receivable: Ending balance: individually evaluated for impairment	2,905		30,222				2,905	30,222
Loans Receivable: Ending balance: collectively evaluated for impairment	910,919		1,008,779				910,919	1,008,779
Commercial and Industrial [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning balance		578				615	578	615
Charge-offs							(379)
Recoveries							2	2
Provisions							2,020	(39)
Allowance for credit losses, Ending Balance	2,221		578				2,221	578
Allowance for credit losses: Ending balance: individually evaluated for impairment	1,488						1,488
Allowance for credit losses: Ending balance: collectively evaluated for impairment	733		578				733	578
Loans receivable	115,246		116,584				115,246	116,584
Loans receivable: Ending balance: individually evaluated for impairment	2,517						2,517
Loans Receivable: Ending balance: collectively evaluated for impairment	112,729		116,584				112,729	116,584
Residential Mortgage [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning balance		1,667				1,364	1,667	1,364
Recoveries							41	25
Provisions							(774)	278
Allowance for credit losses, Ending Balance	934		1,667				934	1,667
Allowance for credit losses: Ending balance: collectively evaluated for impairment	934		1,667				934	1,667
Loans receivable	198,710		242,090				198,710	242,090
Loans receivable: Ending balance: individually evaluated for impairment			3,388					3,388
Loans Receivable: Ending balance: collectively evaluated for impairment	198,710		238,702				198,710	238,702
Construction and Development - Residential and Commercial Receivables [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning balance		465				523	465	523
Recoveries							4
Provisions							(41)	(58)
Allowance for credit losses, Ending Balance	428		465				428	465
Allowance for credit losses: Ending balance: collectively evaluated for impairment	428		465				428	465
Loans receivable	61,492		65,703				61,492	65,703
Loans Receivable: Ending balance: collectively evaluated for impairment	61,492		65,703				61,492	65,703
Construction and Development - Land Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning balance		23				20	23	20
Provisions							(8)	3
Allowance for credit losses, Ending Balance	15		23				15	23
Allowance for credit losses: Ending balance: collectively evaluated for impairment	15		23				15	23
Loans receivable	2,204		3,110				2,204	3,110
Loans Receivable: Ending balance: collectively evaluated for impairment	2,204		3,110				2,204	3,110
Commercial Real Estate [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning balance		8,682				5,903	8,682	5,903
Charge-offs	10,800						(11,930)	(8,330)
Recoveries							1	6
Provisions							10,290	11,103
Allowance for credit losses, Ending Balance	7,043		8,682				7,043	8,682
Allowance for credit losses: Ending balance: individually evaluated for impairment	18		227				18	227
Allowance for credit losses: Ending balance: collectively evaluated for impairment	7,025		8,455				7,025	8,455
Loans receivable	426,915		495,398				426,915	495,398
Loans receivable: Ending balance: individually evaluated for impairment	286		25,926				286	25,926
Loans Receivable: Ending balance: collectively evaluated for impairment	426,629		469,472				426,629	469,472
Commercial Farmland [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning balance		47				49	47	49
Provisions							9	(2)
Allowance for credit losses, Ending Balance	56		47				56	47
Allowance for credit losses: Ending balance: collectively evaluated for impairment	56		47				56	47
Loans receivable	10,297		7,517				10,297	7,517
Loans Receivable: Ending balance: collectively evaluated for impairment	10,297		7,517				10,297	7,517
Commercial Multi Family Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning balance		511				369	511	369
Provisions							(61)	142
Allowance for credit losses, Ending Balance	450		511				450	511
Allowance for credit losses: Ending balance: collectively evaluated for impairment	450		511				450	511
Loans receivable	66,332		67,767				66,332	67,767
Loans Receivable: Ending balance: collectively evaluated for impairment	66,332		67,767				66,332	67,767
Commercial - Other Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning balance		51				21	51	21
Provisions							3	30
Allowance for credit losses, Ending Balance	54		51				54	51
Allowance for credit losses: Ending balance: collectively evaluated for impairment	54		51				54	51
Loans receivable	10,954		10,142				10,954	10,142
Loans Receivable: Ending balance: collectively evaluated for impairment	10,954		10,142				10,954	10,142
Consumer - Home Equity Lines of Credit [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning balance		130				122	130	122
Charge-offs								(62)
Recoveries							17	1
Provisions							(71)	69
Allowance for credit losses, Ending Balance	76		130				76	130
Allowance for credit losses: Ending balance: collectively evaluated for impairment	76		130				76	130
Loans receivable	13,491		17,128				13,491	17,128
Loans receivable: Ending balance: individually evaluated for impairment			26					26
Loans Receivable: Ending balance: collectively evaluated for impairment	13,491		17,102				13,491	17,102
Consumer - Second Mortgages Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning balance		196				267	196	267
Charge-offs								(3)
Recoveries							108	88
Provisions							(217)	(156)
Allowance for credit losses, Ending Balance	87		196				87	196
Allowance for credit losses: Ending balance: individually evaluated for impairment	38		81				38	81
Allowance for credit losses: Ending balance: collectively evaluated for impairment	49		115				49	115
Loans receivable	5,884		10,711				5,884	10,711
Loans receivable: Ending balance: individually evaluated for impairment	102		882				102	882
Loans Receivable: Ending balance: collectively evaluated for impairment	5,782		9,829				5,782	9,829
Consumer - Other Receivable [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning balance		29				23	29	23
Charge-offs							(4)	(1)
Recoveries							2	2
Provisions							(7)	5
Allowance for credit losses, Ending Balance	20		29				20	29
Allowance for credit losses: Ending balance: collectively evaluated for impairment	20		29				20	29
Loans receivable	2,299		2,851				2,299	2,851
Loans Receivable: Ending balance: collectively evaluated for impairment	2,299		2,851				2,299	2,851
Unallocated [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning balance		$ 54				$ 819	54	819
Provisions							34	(765)
Allowance for credit losses, Ending Balance	88		54				88	54
Allowance for credit losses: Ending balance: collectively evaluated for impairment	$ 88		$ 54				$ 88	$ 54

Loans Receivable and Related _6

Loans Receivable and Related Allowance for Loan Losses (2) (Detail) - USD ($) $ in Thousands	Sep. 30, 2021	Sep. 30, 2020
Financing Receivable, Impaired [Line Items]
Impaired Loans With Specific Allowance, Recorded Investment	$ 2,905	$ 777
Impaired Loans With Specific Allowance, Related Allowance	1,544	308
Impaired Loans With No Specific Allowance, Recorded Investment	39,740	29,445
Total Impaired Loans Recorded Investment	42,645	30,222
Total Impaired Loans Unpaid Principal Balance	42,874	41,522
Commercial and Industrial [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans With Specific Allowance, Recorded Investment	2,517
Impaired Loans With Specific Allowance, Related Allowance	1,488
Impaired Loans With No Specific Allowance, Recorded Investment	630
Total Impaired Loans Recorded Investment	3,147
Total Impaired Loans Unpaid Principal Balance	3,584
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans With No Specific Allowance, Recorded Investment	2,594	3,388
Total Impaired Loans Recorded Investment	2,594	3,388
Total Impaired Loans Unpaid Principal Balance	2,766	3,598
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans With Specific Allowance, Recorded Investment	286	676
Impaired Loans With Specific Allowance, Related Allowance	18	227
Impaired Loans With No Specific Allowance, Recorded Investment	33,543	25,250
Total Impaired Loans Recorded Investment	33,829	25,926
Total Impaired Loans Unpaid Principal Balance	33,368	36,945
Commercial Farmland [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans With No Specific Allowance, Recorded Investment	2,254
Total Impaired Loans Recorded Investment	2,254
Total Impaired Loans Unpaid Principal Balance	2,254
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans With No Specific Allowance, Recorded Investment	23	26
Total Impaired Loans Recorded Investment	23	26
Total Impaired Loans Unpaid Principal Balance	28	30
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans With Specific Allowance, Recorded Investment	102	101
Impaired Loans With Specific Allowance, Related Allowance	38	81
Impaired Loans With No Specific Allowance, Recorded Investment	696	781
Total Impaired Loans Recorded Investment	798	882
Total Impaired Loans Unpaid Principal Balance	$ 874	$ 949

Loans Receivable and Related _7

Loans Receivable and Related Allowance for Loan Losses (3) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	$ 39,650	$ 18,601
Interest Income Recognized on Impaired Loans	731	327
Commercial and Industrial [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	951
Interest Income Recognized on Impaired Loans	17
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	3,305	3,506
Interest Income Recognized on Impaired Loans	82	86
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	32,812	14,209
Interest Income Recognized on Impaired Loans	556	235
Commercial Farmland [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	1,814
Interest Income Recognized on Impaired Loans	70
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	48	28
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	720	858
Interest Income Recognized on Impaired Loans	$ 6	$ 6

Loans Receivable and Related _8

Loans Receivable and Related Allowance for Loan Losses (4) (Detail) - USD ($) $ in Thousands	Sep. 30, 2021	Sep. 30, 2020
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	$ 913,824	$ 1,039,001
Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	839,631	945,002
Special Mention [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	58,053	62,818
Substandard [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	16,140	31,181
Commercial and Industrial [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	115,246	116,584
Commercial and Industrial [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	106,910	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	8,336	117
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	198,710	242,090
Residential Mortgage [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	195,658	238,610
Residential Mortgage [Member] | Substandard [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	3,052	3,480
Construction and Development - Residential and Commercial Receivables [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	61,492	65,703
Construction and Development - Residential and Commercial Receivables [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	61,492	65,703
Construction and Development - Land Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	2,204	3,110
Construction and Development - Land Receivable [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	2,204	3,110
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	426,915	495,398
Commercial Real Estate [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	376,721	422,143
Commercial Real Estate [Member] | Special Mention [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	48,705	46,892
Commercial Real Estate [Member] | Substandard [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	1,489	26,363
Commercial Farmland [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	10,297	7,517
Commercial Farmland [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	8,043	7,517
Commercial Farmland [Member] | Substandard [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	2,254
Commercial Multi Family Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	66,332	67,767
Commercial Multi Family Receivable [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	57,052	58,285
Commercial Multi Family Receivable [Member] | Special Mention [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	9,280	9,482
Commercial - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	10,954	10,142
Commercial - Other Receivable [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	10,954	10,142
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	13,491	17,128
Consumer - Home Equity Lines of Credit [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	13,390	16,969
Consumer - Home Equity Lines of Credit [Member] | Substandard [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	101	159
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	5,884	10,711
Consumer - Second Mortgages Receivable [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	4,908	9,573
Consumer - Second Mortgages Receivable [Member] | Special Mention [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	68	76
Consumer - Second Mortgages Receivable [Member] | Substandard [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	908	1,062
Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	2,299	2,851
Consumer - Other Receivable [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	$ 2,299	$ 2,851

Loans Receivable and Related _9

Loans Receivable and Related Allowance for Loan Losses (5) (Detail) - USD ($) $ in Thousands	Sep. 30, 2021	Sep. 30, 2020
Financing Receivable, Impaired [Line Items]
Total non-accrual loans	$ 3,697	$ 16,730
Commercial and Industrial [Member]
Financing Receivable, Impaired [Line Items]
Total non-accrual loans	2,517
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Total non-accrual loans	879	2,036
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Total non-accrual loans		14,414
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Total non-accrual loans	23	26
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total non-accrual loans	$ 278	$ 254

Loans Receivable and Related_10

Loans Receivable and Related Allowance for Loan Losses (6) (Detail) - USD ($)	Sep. 30, 2021	Sep. 30, 2020
Financing Receivable, Impaired [Line Items]
Past Due	$ 1,935,000	$ 3,213,000
Total Loans Receivable	913,824,000	1,039,001,000
Accruing 90 Days or More Past Due	0	58,000
Financial Asset, Not Past Due, Current [Member]
Financing Receivable, Impaired [Line Items]
Past Due	911,889,000	1,035,788,000
30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	900,000	225,000
60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	324,000	728,000
Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	711,000	2,260,000
Commercial and Industrial [Member]
Financing Receivable, Impaired [Line Items]
Total Loans Receivable	115,246,000	116,584,000
Commercial and Industrial [Member] | Financial Asset, Not Past Due, Current [Member]
Financing Receivable, Impaired [Line Items]
Past Due	115,246,000	116,584,000
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Past Due	1,648,000	2,467,000
Total Loans Receivable	198,710,000	242,090,000
Residential Mortgage [Member] | Financial Asset, Not Past Due, Current [Member]
Financing Receivable, Impaired [Line Items]
Past Due	197,062,000	239,623,000
Residential Mortgage [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	796,000	68,000
Residential Mortgage [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	241,000	694,000
Residential Mortgage [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	611,000	1,705,000
Construction and Development - Residential and Commercial Receivables [Member]
Financing Receivable, Impaired [Line Items]
Total Loans Receivable	61,492,000	65,703,000
Construction and Development - Residential and Commercial Receivables [Member] | Financial Asset, Not Past Due, Current [Member]
Financing Receivable, Impaired [Line Items]
Past Due	61,492,000	65,703,000
Construction and Development - Land Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total Loans Receivable	2,204,000	3,110,000
Construction and Development - Land Receivable [Member] | Financial Asset, Not Past Due, Current [Member]
Financing Receivable, Impaired [Line Items]
Past Due	2,204,000	3,110,000
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Past Due		311,000
Total Loans Receivable	426,915,000	495,398,000
Commercial Real Estate [Member] | Financial Asset, Not Past Due, Current [Member]
Financing Receivable, Impaired [Line Items]
Past Due	426,915,000	495,087,000
Commercial Real Estate [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due		311,000
Commercial Farmland [Member]
Financing Receivable, Impaired [Line Items]
Total Loans Receivable	10,297,000	7,517,000
Commercial Farmland [Member] | Financial Asset, Not Past Due, Current [Member]
Financing Receivable, Impaired [Line Items]
Past Due	10,297,000	7,517,000
Commercial Multi Family Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total Loans Receivable	66,332,000	67,767,000
Commercial Multi Family Receivable [Member] | Financial Asset, Not Past Due, Current [Member]
Financing Receivable, Impaired [Line Items]
Past Due	66,332,000	67,767,000
Commercial - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Total Loans Receivable	10,954,000	10,142,000
Commercial - Other Receivable [Member] | Financial Asset, Not Past Due, Current [Member]
Financing Receivable, Impaired [Line Items]
Past Due	10,954,000	10,142,000
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Past Due	97,000	48,000
Total Loans Receivable	13,491,000	17,128,000
Accruing 90 Days or More Past Due		48,000
Consumer - Home Equity Lines of Credit [Member] | Financial Asset, Not Past Due, Current [Member]
Financing Receivable, Impaired [Line Items]
Past Due	13,394,000	17,080,000
Consumer - Home Equity Lines of Credit [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	97,000
Consumer - Home Equity Lines of Credit [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due		48,000
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Past Due	187,000	386,000
Total Loans Receivable	5,884,000	10,711,000
Accruing 90 Days or More Past Due		10,000
Consumer - Second Mortgages Receivable [Member] | Financial Asset, Not Past Due, Current [Member]
Financing Receivable, Impaired [Line Items]
Past Due	5,697,000	10,325,000
Consumer - Second Mortgages Receivable [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	4,000	157,000
Consumer - Second Mortgages Receivable [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	83,000	33,000
Consumer - Second Mortgages Receivable [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	100,000	196,000
Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Past Due	3,000	1,000
Total Loans Receivable	2,299,000	2,851,000
Consumer - Other Receivable [Member] | Financial Asset, Not Past Due, Current [Member]
Financing Receivable, Impaired [Line Items]
Past Due	2,296,000	2,850,000
Consumer - Other Receivable [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	$ 3,000
Consumer - Other Receivable [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due		$ 1,000

Loans Receivable and Related_11

Loans Receivable and Related Allowance for Loan Losses (7) (Detail) $ in Thousands	12 Months Ended
	Sep. 30, 2021USD ($)Number	Sep. 30, 2020USD ($)Number
Financing Receivable, Impaired [Line Items]
Total Troubled Debt Restructurings, Number of Loans | Number	26	26
Total Troubled Debt Restructurings, Recorded Investment | $	$ 18,241	$ 21,687
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Number of Loans | Number	4	8
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Recorded Investment | $	$ 640	$ 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	16	17
Total Troubled Debt Restructurings, Recorded Investment | $	$ 3,180	$ 3,435
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Number of Loans | Number	4	7
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Recorded Investment | $	$ 640	$ 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 | $	$ 2,254
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 | $	$ 12,180	$ 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	3	4
Total Troubled Debt Restructurings, Recorded Investment | $	$ 78	$ 161

Loans Receivable and Related_12

Loans Receivable and Related Allowance for Loan Losses (8) (Detail) - USD ($) $ in Thousands	Sep. 30, 2021	Sep. 30, 2020
Financing Receivable Modifications [Line Items]
Recorded Investment	$ 18,241	$ 21,687
Commercial and Industrial [Member]
Financing Receivable Modifications [Line Items]
Recorded Investment	549
Performing Financing Receivable [Member]
Financing Receivable Modifications [Line Items]
Recorded Investment	17,601	13,418
Performing Financing Receivable [Member] | Commercial and Industrial [Member]
Financing Receivable Modifications [Line Items]
Recorded Investment	549
Nonperforming Financing Receivable [Member]
Financing Receivable Modifications [Line Items]
Recorded Investment	640	8,269
Residential Mortgage [Member]
Financing Receivable Modifications [Line Items]
Recorded Investment	3,180	3,435
Residential Mortgage [Member] | Performing Financing Receivable [Member]
Financing Receivable Modifications [Line Items]
Recorded Investment	2,540	1,818
Residential Mortgage [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable Modifications [Line Items]
Recorded Investment	640	1,617
Commercial Farmland [Member]
Financing Receivable Modifications [Line Items]
Recorded Investment	2,254
Commercial Farmland [Member] | Performing Financing Receivable [Member]
Financing Receivable Modifications [Line Items]
Recorded Investment	2,254
Commercial Real Estate [Member]
Financing Receivable Modifications [Line Items]
Recorded Investment	12,180	18,091
Commercial Real Estate [Member] | Performing Financing Receivable [Member]
Financing Receivable Modifications [Line Items]
Recorded Investment	12,180	11,439
Commercial Real Estate [Member] | Nonperforming Financing Receivable [Member]
Financing Receivable Modifications [Line Items]
Recorded Investment		6,652
Consumer - Second Mortgages Receivable [Member]
Financing Receivable Modifications [Line Items]
Recorded Investment	78	161
Consumer - Second Mortgages Receivable [Member] | Performing Financing Receivable [Member]
Financing Receivable Modifications [Line Items]
Recorded Investment	$ 78	$ 161

Loans Receivable and Related_13

Loans Receivable and Related Allowance for Loan Losses (9) (Detail) $ in Thousands	12 Months Ended
	Sep. 30, 2021USD ($)Number	Sep. 30, 2020USD ($)Number
Financing Receivable, Impaired [Line Items]
Number of Loans | Number	2	3
Pre-Modifications Outstanding Recorded Investments	$ 2,803	$ 11,137
Post-Modifications Outstanding Recorded Investments	$ 2,803	$ 11,129
Commercial and Industrial [Member]
Financing Receivable, Impaired [Line Items]
Number of Loans | Number	1
Pre-Modifications Outstanding Recorded Investments	$ 549
Post-Modifications Outstanding Recorded Investments	$ 549
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Number of Loans | Number		1
Pre-Modifications Outstanding Recorded Investments		$ 207
Post-Modifications Outstanding Recorded Investments		$ 203
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Number of Loans | Number		2
Pre-Modifications Outstanding Recorded Investments		$ 10,930
Post-Modifications Outstanding Recorded Investments		$ 10,926
Commercial Farmland [Member]
Financing Receivable, Impaired [Line Items]
Number of Loans | Number	1
Pre-Modifications Outstanding Recorded Investments	$ 2,287
Post-Modifications Outstanding Recorded Investments	$ 2,287

Loans Receivable and Related_14

Loans Receivable and Related Allowance for Loan Losses (10) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Loans and Leases Receivable, Related Parties [Roll Forward]
Balance at beginning of year	$ 13,733	$ 12,478
New loans	2,792	2,073
Repayments	(4,604)	(818)
Balance at end of year	$ 11,921	$ 13,733

Loans Receivable and Related_15

Loans Receivable and Related Allowance for Loan Losses (11) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Servicing Asset at Fair Value, Amount [Roll Forward]
Balance at beginning of year	$ 111	$ 178
Amortization	(28)	(67)
Balance at end of year	$ 83	$ 111

Loans Receivable and Related_16

Loans Receivable and Related Allowance for Loan Losses (12) (Detail) $ in Thousands	12 Months Ended
	Sep. 30, 2021USD ($)Number	Sep. 30, 2020USD ($)Number
Financing Receivable, Impaired [Line Items]
Number of Loans | Number	8	43
Loan Modification Exposure	$ 61,234	$ 144,785
Gross Loans	$ 913,824	$ 1,039,001
Percentage of Gross Loans Modified	6.70%	13.94%
Commercial and Industrial [Member]
Financing Receivable, Impaired [Line Items]
Number of Loans | Number		10
Loan Modification Exposure		$ 5,547
Gross Loans	$ 115,246	$ 116,584
Percentage of Gross Loans Modified	0.00%	0.53%
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Number of Loans | Number	2	5
Loan Modification Exposure	$ 667	$ 1,288
Gross Loans	$ 198,710	$ 242,090
Percentage of Gross Loans Modified	0.07%	0.12%
Construction and Development - Residential and Commercial Receivables [Member]
Financing Receivable, Impaired [Line Items]
Gross Loans	$ 61,492	$ 65,703
Percentage of Gross Loans Modified	0.00%	0.00%
Construction and Development - Land Receivable [Member]
Financing Receivable, Impaired [Line Items]
Gross Loans	$ 2,204	$ 3,110
Percentage of Gross Loans Modified	0.00%	0.00%
Construction And Development Receivable [Member]
Financing Receivable, Impaired [Line Items]
Gross Loans	$ 63,696	$ 68,813
Percentage of Gross Loans Modified	0.00%	0.00%
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Number of Loans | Number	6	21
Loan Modification Exposure	$ 60,567	$ 131,348
Gross Loans	$ 426,915	$ 495,398
Percentage of Gross Loans Modified	6.63%	12.65%
Commercial Farmland [Member]
Financing Receivable, Impaired [Line Items]
Number of Loans | Number		1
Loan Modification Exposure		$ 2,288
Gross Loans	$ 10,297	$ 7,517
Percentage of Gross Loans Modified	0.00%	0.22%
Commercial Multi Family Receivable [Member]
Financing Receivable, Impaired [Line Items]
Number of Loans | Number		2
Loan Modification Exposure		$ 3,718
Gross Loans	$ 66,332	$ 67,767
Percentage of Gross Loans Modified	0.00%	0.36%
Commercial - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Gross Loans	$ 10,954	$ 10,142
Percentage of Gross Loans Modified	0.00%	0.00%
Commercial [Member]
Financing Receivable, Impaired [Line Items]
Number of Loans | Number	6	34
Loan Modification Exposure	$ 60,567	$ 142,901
Gross Loans	$ 629,744	$ 697,408
Percentage of Gross Loans Modified	6.63%	13.75%
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Number of Loans | Number		3
Loan Modification Exposure		$ 579
Gross Loans	$ 13,491	$ 17,128
Percentage of Gross Loans Modified	0.00%	0.06%
Consumer - Second Mortgages Receivable [Member]
Financing Receivable, Impaired [Line Items]
Number of Loans | Number		1
Loan Modification Exposure		$ 17
Gross Loans	$ 5,884	$ 10,711
Percentage of Gross Loans Modified	0.00%	0.00%
Consumer - Other Receivable [Member]
Financing Receivable, Impaired [Line Items]
Gross Loans	$ 2,299	$ 2,851
Percentage of Gross Loans Modified	0.00%	0.00%
Consumer Receivable [Member]
Financing Receivable, Impaired [Line Items]
Number of Loans | Number		4
Loan Modification Exposure		$ 596
Gross Loans	$ 21,674	$ 30,690
Percentage of Gross Loans Modified	0.00%	0.06%

Property and Equipment (Detail)

Property and Equipment (Detail) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 18,607				$ 18,474
Accumulated depreciation	(12,830)				(12,200)
Property and equipment, net	5,777	$ 5,902	$ 6,040	$ 6,154	6,274	$ 6,355	$ 6,476	$ 6,594
Land [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	706				707
Building and improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 11,992				11,909
Building and improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful life (years)	10 years
Building and improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful life (years)	39 years
Construction in process [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 5				6
Furniture, fixtures and equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 5,904				$ 5,852
Furniture, fixtures and equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful life (years)	3 years
Furniture, fixtures and equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful life (years)	7 years

Property and Equipment (Narrati

Property and Equipment (Narrative) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Property Plant And Equipment Net [Abstract]
Depreciation	$ 630	$ 745

Deposits (Detail)

Deposits (Detail) - USD ($) $ in Thousands	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019
Deposits:
Savings	$ 50,582				$ 45,072
Money market accounts	385,480				277,711
Interest bearing demand	336,645				303,682
Non-interest bearing demand	53,849				50,422
Total deposits before certificates of deposit	826,556				676,887
Certificates of deposit	111,603				214,019
Total Deposits	$ 938,159	$ 907,704	$ 912,213	$ 900,465	$ 890,906	$ 884,444	$ 915,900	$ 943,819
Percentage of savings	5.39%				5.06%
Percentage of money market accounts	41.09%				31.17%
Percentage of interest bearing demand	35.88%				34.09%
Percentage of non-interest bearing demand	5.74%				5.66%
Percentage of total deposits before certificates of deposit	88.10%				75.98%
Percentage of certificates of deposit	11.90%				24.02%
Percentage of total deposits	100.00%				100.00%

Deposits (Narrative) (Detail)

Deposits (Narrative) (Detail) - USD ($) $ in Millions	Sep. 30, 2021	Sep. 30, 2020
Deposits:
Certificates of deposit of $250,000 and greater	$ 16.5	$ 48.2
Brokered deposits	6.1	31.1
Related party deposit liabilities	$ 43.2	$ 35.9

Deposits 1 (Detail)

Deposits 1 (Detail) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Deposits:
Savings accounts	$ 59	$ 51
Money market accounts	1,726	4,010
Interest bearing demand	2,681	3,523
Certificates of deposit	2,282	5,262
Total deposits	$ 6,748	$ 12,846

Deposits (2) (Detail)

Deposits (2) (Detail) $ in Thousands	Sep. 30, 2021USD ($)
Deposits:
2022	$ 58,172
2023	21,234
2024	17,928
2025	6,319
2026	7,160
Thereafter	790
Total	$ 111,603

Borrowings (Narrative) (Detail)

Borrowings (Narrative) (Detail) - USD ($)	Sep. 30, 2021	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Secured borrowing		$ 4,225,000	$ 4,225,000	$ 4,225,000	$ 4,250,000
Line of Credit [Member] | Federal Home Loan Bank of Pittsburgh [Member]
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Maximum borrowing capacity of line of credit facility	$ 150,000,000
Interest rate under line of credit facility	0.29%	0.39%
Long-term line of credit outstanding	$ 0	$ 0
Outstanding long-term FHLB advances	90,000,000
Potential FHLB advances available	376,600,000
Securities sold under agreements	$ 0	$ 0

Borrowings (Detail)

Borrowings (Detail) - USD ($) $ in Thousands	Sep. 30, 2021	Sep. 30, 2020
Long-Term Borrowings, Amount
2021		$ 110,000
2022	$ 90,000	20,000
Total FHLB Advances	$ 90,000	$ 130,000
Long-Term Borrowings, Weighted Average Rate
2021		0.76%
2022	0.76%	2.29%
Total FHLB Advances	0.76%	0.99%

Derivatives (Narrative) (Detail

Derivatives (Narrative) (Detail) - USD ($)	12 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Derivative [Line Items]
Minimum collateral posting thresholds with derivative counterparties	$ 8,300,000	$ 12,900,000
Interest Rate Swap [Member]
Derivative [Line Items]
Estimated interest expense	$ 182,000

Derivatives (Detail)

Derivatives (Detail) - Interest Rate Swap Agreements [Member] - USD ($) $ in Thousands	Sep. 30, 2021	Sep. 30, 2020
Designated as Hedging Instrument [Member] | Other Assets [Member]
Derivative [Line Items]
Notional Amount, Asset Derivatives	$ 40,000
Fair Value	14
Designated as Hedging Instrument [Member] | Other Liabilities [Member]
Derivative [Line Items]
Notional Amount, Liability Derivatives	30,000	$ 90,000
Fair Value	47	1,291
Derivatives Not Designated As Hedging Instrument [Member] | Other Assets [Member]
Derivative [Line Items]
Notional Amount, Asset Derivatives	44,748	45,162
Fair Value	4,671	8,752
Derivatives Not Designated As Hedging Instrument [Member] | Other Liabilities [Member]
Derivative [Line Items]
Notional Amount, Liability Derivatives	44,748	45,162
Fair Value	$ 4,673	$ 8,756

Derivatives - Schedule of Offse

Derivatives - Schedule of Offsetting of Derivative Assets and Liabilities (Detail) - USD ($) $ in Thousands	Sep. 30, 2021	Sep. 30, 2020
Offsetting of Derivative Assets
Gross Amounts of Recognized Assets	$ 4,685	$ 8,752
Net Amounts of Assets presented in the Statement of Financial Condition	4,685	8,752
Gross Amounts Not Offset in the Statements of Financial Condition, Net Amount	4,685	8,752
Offsetting of Derivative Liabilities
Gross Amounts of Recognized Liabilities	4,720	10,047
Net Amounts of Liabilities presented in the Statement of Financial Condition	4,720	10,047
Gross Amounts Not Offset in the Statements of Financial Condition, Financial Instruments	221	1,498
Gross Amounts Not Offset in the Statements of Financial Condition, Cash Collateral Posted	8,257	12,857
Gross Amounts Not Offset in the Statements of Financial Condition, Net Amount	$ (3,758)	$ (4,308)

Derivatives - Statement of Oper

Derivatives - Statement of Operations Relating to The Cash Flow Derivative Instrument (Detail) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Derivative [Line Items]
Amount of Gain (Loss) Recognized in OCI on Derivative	$ 255	$ (1,088)
Amount of Gain (Loss) Reclassified from OCI to Interest Expense	(995)	(437)
Interest Rate Swap Agreements [Member]
Derivative [Line Items]
Amount of Gain (Loss) Recognized in OCI on Derivative	255	(1,088)
Amount of Gain (Loss) Reclassified from OCI to Interest Expense	$ (995)	$ (437)

Derivatives - Schedule of Effec

Derivatives - Schedule of Effects of Derivative Instruments on Consolidated Statements of Operations (Detail) - Derivatives Not Designated As Hedging Instrument [Member] - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Derivative [Line Items]
Amount of Gain (Loss) Recognized in Income on derivatives	$ 2	$ (6)
Interest Rate Swap Agreements [Member] | Other Income [Member]
Derivative [Line Items]
Amount of Gain (Loss) Recognized in Income on derivatives	$ 2	$ (6)

Fair Value Measurements (Detail

Fair Value Measurements (Detail) - USD ($) $ in Thousands	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019
Assets
Investment securities available-for-sale, at fair value	$ 40,813	$ 32,998	$ 27,397	$ 33,704	$ 30,018	$ 31,722	$ 20,325	$ 22,225
Equity investment securities, at fair value	1,500	$ 1,504	$ 1,502	$ 1,520	1,523	$ 1,523	$ 1,514	$ 1,498
Derivative instruments	4,685				8,752
Liabilities
Derivative instruments	4,720				10,047
U. S. Government Agencies [Member]
Assets
Investment securities available-for-sale, at fair value	4,993				5,040
State And Municipal Obligations [Member]
Assets
Investment securities available-for-sale, at fair value	2,765				3,105
Single Issuer Trust Preferred Security [Member]
Assets
Investment securities available-for-sale, at fair value	875				925
Corporate Debt Securities [Member]
Assets
Investment securities available-for-sale, at fair value	32,180				20,948
Mutual Fund [Member]
Assets
Equity investment securities, at fair value	1,500				1,523
Fair Value, Measurements, Recurring [Member]
Assets
Investment securities available-for-sale, at fair value	40,813				30,018
Equity investment securities, at fair value	1,500				1,523
Derivative instruments	4,685				8,752
Liabilities
Derivative instruments	4,720				10,047
Fair Value, Measurements, Recurring [Member] | U. S. Government Agencies [Member]
Assets
Investment securities available-for-sale, at fair value	4,993				5,040
Fair Value, Measurements, Recurring [Member] | State And Municipal Obligations [Member]
Assets
Investment securities available-for-sale, at fair value	2,765				3,105
Fair Value, Measurements, Recurring [Member] | Single Issuer Trust Preferred Security [Member]
Assets
Investment securities available-for-sale, at fair value	875				925
Fair Value, Measurements, Recurring [Member] | Corporate Debt Securities [Member]
Assets
Investment securities available-for-sale, at fair value	32,180				20,948
Fair Value, Measurements, Recurring [Member] | Mutual Fund [Member]
Assets
Equity investment securities, at fair value	1,500				1,523
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Assets
Equity investment securities, at fair value	1,000				1,023
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Mutual Fund [Member]
Assets
Equity investment securities, at fair value	1,000				1,023
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Assets
Investment securities available-for-sale, at fair value	40,813				30,018
Derivative instruments	4,685				8,752
Liabilities
Derivative instruments	4,720				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	4,993				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	2,765				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	875				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	32,180				20,948
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Assets
Equity investment securities, at fair value	500				500
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Mutual Fund [Member]
Assets
Equity investment securities, at fair value	$ 500				$ 500

Fair Value Measurements (1) (De

Fair Value Measurements (1) (Detail) - Fair Value, Inputs, Level 3 [Member] - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Beginning balance	$ 500	$ 250
Payments received	0	0
Included in earnings	0	0
Included in other comprehensive income	0	0
Purchases	0	250
Transfers in and/or out of Level 3	0	0
Ending balance	$ 500	$ 500

Fair Value Measurements (2) (De

Fair Value Measurements (2) (Detail) $ in Thousands	Sep. 30, 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	0.064	0.065
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	0.064	0.065
Impaired Loans, Measurement Input	0.08	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	0.040	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	0.12	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	$ 38,837	$ 13,716
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value, nonrecurring basis	18,900
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	19,937	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	4,961	5,796
Fair Value, Measurements, Nonrecurring [Member] | Other Real Estate Owned [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	4,961	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	33,876	7,920
Fair Value, Measurements, Nonrecurring [Member] | Impaired Loans Net [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value, nonrecurring basis	18,900
Fair Value, Measurements, Nonrecurring [Member] | Impaired Loans Net [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	$ 14,976	$ 7,920

Fair Value Measurements (Narrat

Fair Value Measurements (Narrative) (Detail) $ in Thousands	12 Months Ended
	Sep. 30, 2021USD ($)Number	Sep. 30, 2020USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired Loans with aggregate balance for four loans	$ 35,400	$ 8,200
Impaired Loans with specific loan loss allowance	1,544	308
Impaired Loans With No Specific Allowance, Recorded Investment	$ 39,740	$ 29,445
Four Commercial Real Estate Loans [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Number of loans classified as loans held for sale | Number	4
Impaired Loans With No Specific Allowance, Recorded Investment	$ 32,500
Three Commercial Real Estate Loans [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Number of loans classified as loans held for sale | Number	3
Impaired Loans With No Specific Allowance, Recorded Investment	$ 18,900
Three Commercial Real Estate Loans [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired Loans With No Specific Allowance, Recorded Investment	$ 13,600

Fair Value Measurements (3) (De

Fair Value Measurements (3) (Detail) - USD ($) $ in Thousands	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019
Financial assets:
Investment securities available-for-sale	$ 40,813	$ 32,998	$ 27,397	$ 33,704	$ 30,018	$ 31,722	$ 20,325	$ 22,225
Investment securities held-to-maturity	28,913				15,608
Equity securities	1,500	$ 1,504	$ 1,502	$ 1,520	1,523	$ 1,523	$ 1,514	$ 1,498
Derivatives (included in Other Assets)	4,685				8,752
Financial liabilities:
Derivatives (included in Other Liabilities)	4,720				10,047
Carrying Amount [Member]
Financial assets:
Cash and cash equivalents	136,590				61,439
Investment securities available-for-sale	40,813				30,018
Investment securities held-to-maturity	28,507				14,970
Equity securities	1,500				1,523
Loans receivable, net (including impaired )	902,981				1,026,984
Loans Held For Sale	33,199
Accrued interest receivable	3,512				3,677
Restricted stock	7,776				9,622
Mortgage servicing rights (included in Other Assets)	83				111
Derivatives (included in Other Assets)	4,685				8,752
Financial liabilities:
Savings accounts	50,582				45,072
Checking and NOW accounts	390,494				354,104
Money market accounts	385,480				277,711
Certificates of deposit	111,603				214,019
Borrowings (excluding sub debt)	90,000				134,225
Subordinated debt	24,934				24,776
Derivatives (included in Other Liabilities)	4,720				10,047
Accrued interest payable	572				728
Fair Value [Member]
Financial assets:
Cash and cash equivalents	136,590				61,439
Investment securities available-for-sale	40,813				30,018
Investment securities held-to-maturity	28,913				15,608
Equity securities	1,500				1,523
Loans receivable, net (including impaired )	900,357				1,035,941
Loans Held For Sale	33,199
Accrued interest receivable	3,512				3,677
Restricted stock	7,776				9,622
Mortgage servicing rights (included in Other Assets)	83				111
Derivatives (included in Other Assets)	4,685				8,752
Financial liabilities:
Savings accounts	50,582				45,072
Checking and NOW accounts	390,494				354,104
Money market accounts	385,480				277,711
Certificates of deposit	113,323				217,212
Borrowings (excluding sub debt)	90,215				135,101
Subordinated debt	25,027				25,030
Derivatives (included in Other Liabilities)	4,720				10,047
Accrued interest payable	572				728
Fair Value, Inputs, Level 1 [Member] | Fair Value [Member]
Financial assets:
Cash and cash equivalents	136,590				61,439
Equity securities	1,000				1,023
Loans Held For Sale	19,583
Fair Value, Inputs, Level 2 [Member] | Fair Value [Member]
Financial assets:
Investment securities available-for-sale	40,813				30,018
Investment securities held-to-maturity	28,913				15,608
Accrued interest receivable	3,512				3,677
Restricted stock	7,776				9,622
Mortgage servicing rights (included in Other Assets)	83				111
Derivatives (included in Other Assets)	4,685				8,752
Financial liabilities:
Savings accounts	50,582				45,072
Checking and NOW accounts	390,494				354,104
Money market accounts	385,480				277,711
Certificates of deposit	113,323				217,212
Borrowings (excluding sub debt)	90,215				135,101
Subordinated debt	25,027				25,030
Derivatives (included in Other Liabilities)	4,720				10,047
Accrued interest payable	572				728
Fair Value, Inputs, Level 3 [Member] | Fair Value [Member]
Financial assets:
Equity securities	500				500
Loans receivable, net (including impaired )	900,357				$ 1,035,941
Loans Held For Sale	$ 13,616

Income Taxes - Schedule of defe

Income Taxes - Schedule of deferred income taxes (Detail) - USD ($) $ in Thousands	Sep. 30, 2021	Sep. 30, 2020
DTAs:
Allowance for loan losses	$ 2,807	$ 3,053
Non-accrual interest	276	29
Supplement Employer Retirement Plan	173	193
Federal and State net operating loss	155	6
Unrealized loss on investments available-for-sale		296
Depreciation	53	36
Lease liability	448	656
Other	113	89
Total DTAs	4,025	4,358
Total DTAs, Net of Valuation Allowance	4,025	4,358
DTLs:
Unrealized gain on investments available-for-sale	(3)
Mortgage servicing rights	(20)	(27)
Right of use asset	(440)	(648)
Other	(32)	(3)
Total DTLs	(495)	(678)
DTAs, Net	$ 3,530	$ 3,680

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Detail) - USD ($)	Sep. 30, 2021	Sep. 30, 2020
Federal Tax Authority [Member]
Income Tax Contingency [Line Items]
Operating loss carryforwards, Net	$ 563,000	$ 0
State Tax Authority [Member]
Income Tax Contingency [Line Items]
Operating loss carryforwards, Net	$ 36,500	$ 12,000

Income Taxes - Schedule of inco

Income Taxes - Schedule of income tax benefit (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2021	Sep. 30, 2020
Federal:
Current									$ (62)	$ 394
Deferred									(112)	(495)
Federal income tax expense (benefit), Total									(174)	(101)
State:
Current										271
Deferred									(38)	(206)
State income tax expense (benefit), Total									(38)	65
Total income tax benefit	$ (2,116)	$ 489	$ 682	$ 733	$ (1,043)	$ 447	$ 586	$ (26)	$ (212)	$ (36)

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of Federal Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2021	Sep. 30, 2020
Income Tax Disclosure [Abstract]
Tax at statutory rate									$ (64)	$ 128
Adjustments resulting from:
State tax, net of federal benefit									(30)	51
Tax-exempt interest									(26)	(59)
Earnings on bank-owned life insurance									(138)	(107)
Other									46	(49)
Total income tax benefit	$ (2,116)	$ 489	$ 682	$ 733	$ (1,043)	$ 447	$ 586	$ (26)	$ (212)	$ (36)
Tax at statutory rate (in percentage)									21.00%	21.00%
Adjustments resulting from:
State tax, net of federal benefit (in percentage)									(9.80%)	8.50%
Tax-exempt interest (in percentage)									(8.60%)	(9.70%)
Earnings on bank-owned life insurance (in percentage)									(45.3)	(17.6)
Other (in percentage)									15.10%	(8.10%)
Total (in percentage)									(69.60%)	(5.90%)

Leases (Narrative) (Detail)

Leases (Narrative) (Detail) $ in Thousands	12 Months Ended
	Sep. 30, 2021USD ($)FinancialCenterOfficeLease	Jun. 30, 2021USD ($)	Mar. 31, 2021USD ($)	Dec. 31, 2020USD ($)	Sep. 30, 2020USD ($)	Jun. 30, 2020USD ($)	Mar. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Oct. 01, 2019USD ($)
Lessee Lease Description [Line Items]
Operating lease right-of-use-assets | $	$ 1,796	$ 2,168	$ 2,322	$ 2,479	$ 2,638	$ 2,799	$ 2,959	$ 3,119
Operating lease liabilities | $	$ 1,830	$ 2,204	$ 2,357	$ 2,512	$ 2,671	$ 2,824	$ 2,976	$ 3,128
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	1
Representative Office | Short-term Leases [Member]
Lessee Lease Description [Line Items]
Number of offices	2
Administrative Office
Lessee Lease Description [Line Items]
Number of office leases included in option to extend	1
Glen Mills, Pennsylvania
Lessee Lease Description [Line Items]
Number of financial centers | FinancialCenter	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
Quakertown, Pennsylvania | Administrative 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	12 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Leases [Abstract]
Operating lease cost	$ 661	$ 698
Short-term lease cost	95	104
Total	$ 756	$ 802

Leases - Schedule of Supplement

Leases - Schedule of Supplemental Information of Leases (Detail) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019
Supplemental balance sheet information
Operating lease right-of-use assets	$ 1,796	$ 2,638	$ 2,168	$ 2,322	$ 2,479	$ 2,799	$ 2,959	$ 3,119
Operating lease liabilities	$ 1,830	$ 2,671	$ 2,204	$ 2,357	$ 2,512	$ 2,824	$ 2,976	$ 3,128
Weighted average remaining lease term	4 years 6 months	5 years 4 months 24 days
Weighted average discount rate	1.99%	1.99%
Supplemental cash flow information
Operating cash flows from operating leases	$ 893	$ 667
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	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019
Leases [Abstract]
2022	$ 449
2023	431
2024	431
2025	432
2026	153
Thereafter	51
Total lease payments	1,947
Less: imputed interest	(117)
Total	$ 1,830	$ 2,204	$ 2,357	$ 2,512	$ 2,671	$ 2,824	$ 2,976	$ 3,128

Leases - Schedule of Operating

Leases - Schedule of Operating Future Minimum Rent Receivables (Detail) $ in Thousands	Sep. 30, 2021USD ($)
Leases [Abstract]
2022	$ 95
2023	0
2024	0
2025	0
2026	0
Total Payments Receivable	$ 95

Commitments and Contingencies_2

Commitments and Contingencies (Narrative) (Detail) - USD ($) $ in Millions	Sep. 30, 2021	Sep. 30, 2020
Letter of Credit [Member]
Commitments And Contingencies [Line Items]
Uncollateralized letters of credit	$ 9	$ 9.1

Commitments and Contingencies -

Commitments and Contingencies - Schedule of financial instruments outstanding (Detail) - USD ($) $ in Thousands	Sep. 30, 2021	Sep. 30, 2020
Fair Value Concentration Of Risk Financial Statement Captions [Line Items]
Commitments	$ 168,700	$ 148,788
Future loan commitments [Member]
Fair Value Concentration Of Risk Financial Statement Captions [Line Items]
Commitments	32,889	7,687
Undisbursed construction loans [Member]
Fair Value Concentration Of Risk Financial Statement Captions [Line Items]
Commitments	12,672	24,551
Undisbursed home equity lines of credit [Member]
Fair Value Concentration Of Risk Financial Statement Captions [Line Items]
Commitments	25,722	24,751
Undisbursed Commercial Lines Of Credit [Member]
Fair Value Concentration Of Risk Financial Statement Captions [Line Items]
Commitments	19,901	22,918
Undisbursed Commercial Unsecured Lines Of Credit [Member]
Fair Value Concentration Of Risk Financial Statement Captions [Line Items]
Commitments	66,941	58,445
Overdraft Protection Lines [Member]
Fair Value Concentration Of Risk Financial Statement Captions [Line Items]
Commitments	1,549	1,362
Standby Letters Of Credit [Member]
Fair Value Concentration Of Risk Financial Statement Captions [Line Items]
Commitments	$ 9,026	$ 9,074

Regulatory Matters (Narrative)

Regulatory Matters (Narrative) (Detail)	9 Months Ended	12 Months Ended
	Sep. 30, 2021shares	Sep. 30, 2020$ / sharesshares	Mar. 14, 2019shares	Jan. 01, 2019	Jan. 01, 2016	Jan. 01, 2015	Dec. 31, 2014
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Percentage of repurchase of outstanding common stock as condition warrant			2.50%
Stock repurchased during period, shares	0	177,653
Average cost per share | $ / shares		$ 14.23
Malvern Federal Savings Bank [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Common equity Tier 1 capital ratio					7	4.5	4
Tier 1 capital ratio	6	6			8.5	6
Tier 1 Capital conservation buffer				2.50%
Total capital ratio	17.32	16.64			10.5
Capital conservation buffer percentage of risk-weighted assets					0.625%
Maximum [Member]
Compliance with Regulatory Capital Requirements under Banking Regulations [Line Items]
Stock repurchase plan, number of shares authorized			194,516

Regulatory Matters (Detail)

Regulatory Matters (Detail) $ in Thousands	Sep. 30, 2021USD ($)	Sep. 30, 2020USD ($)	Jan. 01, 2016	Jan. 01, 2015
Total Capital (to risk-weighted assets): Actual Amount	$ 169,072	$ 168,090
Parent Company [Member]
Capital (to adjusted tangible assets): Actual Amount	142,132	141,681
Common equity Tier 1(to risk-weighted assets): Actual Amount	142,132	141,681
Tier 1 Capital (to risk-weighted assets): Actual Amount	142,132	141,681
Total Capital (to risk-weighted assets): Actual Amount	$ 178,620	$ 178,972
Capital (to adjusted tangible assets): Actual Ratio	11.84	11.63
Common equity Tier 1(to risk-weighted assets): Actual Ratio	14.53	14
Tier 1 Capital (to risk-weighted assets): Actual Ratio	14.53	14
Total Capital (to risk-weighted assets): Actual Ratio	18.26	17.69
Capital (to adjusted tangible assets): For Capital Adequacy Purposes Amount	$ 48,020	$ 48,743
Common Equity Tier 1 Capital (to risk weighted assets)	44,024	45,528
Tier 1 Capital (to risk-weighted assets)	58,699	60,704
Total Capital (to risk weighted assets)	$ 78,265	$ 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	$ 157,518	$ 155,575
Common equity Tier 1(to risk-weighted assets): Actual Amount	157,518	155,575
Tier 1 Capital (to risk-weighted assets): Actual Amount	157,518	155,575
Total Capital (to risk-weighted assets): Actual Amount	$ 169,072	$ 168,090
Capital (to adjusted tangible assets): Actual Ratio	13.14	12.78
Common equity Tier 1(to risk-weighted assets): Actual Ratio	16.13	15.40
Tier 1 Capital (to risk-weighted assets): Actual Ratio	16.13	15.40
Total Capital (to risk-weighted assets): Actual Ratio	17.32	16.64	10.5
Capital (to adjusted tangible assets): For Capital Adequacy Purposes Amount	$ 47,946	$ 48,685
Common Equity Tier 1 Capital (to risk weighted assets)	43,934	45,459
Tier 1 Capital (to risk-weighted assets)	58,579	60,612
Total Capital (to risk weighted assets)	$ 78,105	$ 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	$ 59,933	$ 60,856
Common Equity Tier 1 Capital (to risk weighted assets)	63,460	65,663
Tier 1 Capital (to risk-weighted assets)	78,105	80,816
Total Capital (to risk weighted assets)	$ 97,632	$ 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

Regulatory Matters (1) (Detail)

Regulatory Matters (1) (Detail) - USD ($) $ in Thousands	Sep. 30, 2021	Sep. 30, 2020
Regulatory Matters Disclosure [Abstract]
Bank GAAP equity	$ 157,554	$ 154,487
Net unrealized loss on securities available for sale, net of income taxes	(45)	93
Net unrealized loss on derivatives, net of income taxes	9	995
Tangible Capital, Core Capital and Tier 1 Capital	157,518	155,575
Allowance for loan losses	11,554	12,515
Total Risk-Based Capital	$ 169,072	$ 168,090

Comprehensive Income (Detail)

Comprehensive Income (Detail) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Equity [Abstract]
Net unrealized holding gains (losses) on available-for- sale securities	$ 57	$ (118)
Tax effect	(12)	25
Net of tax amount	45	(93)
Fair value adjustment on derivatives	(11)	(1,260)
Tax effect	2	265
Net of tax amount	(9)	(995)
Total accumulated other comprehensive income (loss)	$ 36	$ (1,088)

Comprehensive Income (1) (Detai

Comprehensive Income (1) (Detail) - USD ($) $ in Thousands		12 Months Ended
		Sep. 30, 2021	Sep. 30, 2020
Equity [Abstract]
Unrealized holding gains on available-for-sale securities		$ 950	$ 320
Reclassification adjustment for net gains arising during the period	[1]	779	330
Adjustment for loss recorded on replacement of derivative		(9)	31
Amortization of unrealized holding losses on securities available-for-sale transferred to held-to-maturity	[2]	4	3
Fair value adjustment on derivatives		1,258	(681)
Other comprehensive income (loss) before taxes		1,424	(657)
Tax effect		(300)	138
Total other comprehensive income (loss)		$ 1,124	$ (519)
[1]	Amounts are included in net gains on sale and call of available-for-sale securities 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 ($)	12 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted shares	7,000	7,000
Share-based compensation	$ 223,000	$ 253,000
Granted shares	12,363	22,211
Malvern Bancorp, Inc. 2014 Long Term Incentive Compensation Plan (the 2014 Plan) [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Maximum number of shares available for grants	400,000
Number of remaining shares available for future grants	299,288
Description of vesting right	Restricted stock and option awards granted during fiscal year 2021 vest in 20 percent increments beginning on the one- year anniversary of the grant date
Granted shares	7,000	7,000
Forfeited shares	0	0
Share-based compensation	$ 35,000	$ 29,000
Compensation cost not yet recognized	$ 92,000
Weighted average period	3 years 3 months 21 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]
Granted shares	12,363	23,821
Forfeited shares	0	1,610
Compensation cost not yet recognized	$ 367,000
Weighted average period	3 years 3 months 7 days
Malvern Bancorp, Inc. 2014 Long Term Incentive Compensation Plan (the 2014 Plan) [Member] | Restricted and Unrestricted Stock [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation	$ 260,000	$ 224,000
Malvern Bancorp, Inc. 2014 Long Term Incentive Compensation Plan (the 2014 Plan) [Member] | First Year Anniversary [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
First vesting percentage	20.00%
First vesting period	1 year

Equity Based Incentive Compen_4

Equity Based Incentive Compensation Plan (Detail) - Stock Option [Member] - Malvern Bancorp, Inc. 2014 Long Term Incentive Compensation Plan (the 2014 Plan) [Member] - $ / shares	12 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Weighted average fair value of awards	$ 6.06	$ 4.72
Risk-free rate	1.25%	1.22%
Volatility	29.72%	19.86%
Expected life	6 years 6 months	6 years 6 months

Equity Based Incentive Compen_5

Equity Based Incentive Compensation Plan 1 (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Granted	7,000	7,000
Malvern Bancorp, Inc. 2014 Long Term Incentive Compensation Plan (the 2014 Plan) [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding, beginning of year	25,830	18,830
Granted	7,000	7,000
Outstanding, end of year	32,830	25,830
Exercisable at end of year	13,310	8,140
Nonvested at end of year	19,520	17,690
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward]
Outstanding, beginning of year	$ 21.57	$ 22.05
Granted	18.69	20.28
Outstanding, end of year	20.96	21.57
Exercisable at end of year	21.53	21.50
Nonvested at end of year	$ 20.56	$ 21.60
Share-based Compensation Arrangement by Share-based Payment Award, Options, Weighted Average Remaining Contractual Life [Roll Forward]
Outstanding, end of year	7 years 4 months 21 days	7 years 9 months 25 days
Exercisable at end of year	6 years 2 months 9 days	6 years 9 months 16 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Aggregate Intrinsic Value [Roll Forward]
Outstanding, beginning of year		$ 21,350
Outstanding, end of year	$ 1,940
Exercisable at end of year	$ 1,940

Equity Based Incentive Compen_6

Equity Based Incentive Compensation Plan 2 - Restricted Stock Awards (Detail) - $ / shares	12 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Granted	12,363	22,211
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	18,493
Granted	12,363	23,821
Vested	(11,530)	(10,051)
Forfeited/cancelled/expired	0	(1,610)
Outstanding, end of year	31,486	30,653
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Outstanding, beginning of year	$ 21.98	$ 21.78
Granted	18.69	19.62
Vested	20.82	16.62
Forfeited/cancelled/expired		21.43
Outstanding, end of year	$ 21.10	$ 21.98

Subordinated Debt (Narrative) (

Subordinated Debt (Narrative) (Detail) - USD ($) $ in Thousands	Feb. 07, 2017	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Subordinated debt		$ 24,934	$ 24,895	$ 24,855	$ 24,816	$ 24,776	$ 24,737	$ 24,697	$ 24,658
Subordinated Notes Due February 15, 2027 [Member]
Debt Instrument [Line Items]
Aggregate principal amount	$ 25,000
Fixed interest rate	6.125%
Description of fixed-to-floating interest rate terms	The Notes bear interest at a fixed rate of 6.125 percent per year, from and including February 7, 2017 to, but excluding February 15, 2022. From and including February 15, 2022 to the maturity date or earlier redemption date, the interest rate will reset quarterly at a variable rate equal to the then current 3-month LIBOR plus 414.5 basis points.
Subordinated debt		24,900
Debt issuance costs		$ 737
Description for redemption of notes		The Company may not redeem the Notes prior to February 15, 2022, except that the Company may redeem the Notes at any time, at its option, in whole but not in part, subject to obtaining any required regulatory approvals, if (i) a change or prospective change in law occurs that could prevent the Company from deducting interest payable on the Notes for U.S. federal income tax purposes, (ii) a subsequent event occurs that precludes the Notes from being recognized as Tier 2 capital for regulatory capital purposes, or (iii) the Company is required to register as an investment company under the Investment Company Act of 1940, as amended, in each case, at a redemption price equal to 100 percent of the principal amount of the Notes plus any accrued and unpaid interest through, but excluding, the redemption date.
Debt instrument, redemption price, percentage		100.00%
Subordinated Notes Due February 15, 2027 [Member] | 3-month LIBOR [Member]
Debt Instrument [Line Items]
Variable interest rate	4.145%

Condensed Financial Informati_3

Condensed Financial Information - Parent Company Only (Detail) - USD ($) $ in Thousands	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019
Assets
Cash and Cash Equivalents	$ 136,590				$ 61,439
Investment in subsidiaries	(157,554)				(154,487)
Loans receivable, net	902,981	$ 940,735	$ 974,596	$ 990,346	1,026,894	$ 1,032,318	$ 1,007,132	$ 996,879
Other assets	12,145	20,183	12,269	14,999	16,344	13,873	13,869	8,341
Total Assets	1,209,143	1,185,744	1,206,419	1,220,924	1,208,275	1,208,070	1,240,337	1,262,832
Liabilities
Subordinated debt	24,934	24,895	24,855	24,816	24,776	24,737	24,697	24,658
Accrued interest payable	572				728
Total Liabilities	1,066,975				1,067,682
Shareholders’ Equity	142,168	148,192	145,851	143,266	140,593	143,531	143,150	143,535	$ 142,508
Total Liabilities and Shareholders’ Equity	1,209,143	$ 1,185,744	$ 1,206,419	$ 1,220,924	1,208,275	$ 1,208,070	$ 1,240,337	$ 1,262,832
Parent Company [Member]
Assets
Cash and Cash Equivalents	6,878				8,411
Investment in subsidiaries	157,554				154,487
Loans receivable, net	934				1,104
Other assets	1,916				1,536
Total Assets	167,282				165,538
Liabilities
Subordinated debt	24,934				24,776
Accrued interest payable	196				196
Accounts payable	(16)				(27)
Total Liabilities	25,114				24,945
Shareholders’ Equity	142,168				140,593
Total Liabilities and Shareholders’ Equity	$ 167,282				$ 165,538

Condensed Financial Informati_4

Condensed Financial Information - Parent Company Only 1 (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2021	Sep. 30, 2020
Income
Interest income									$ 36,370	$ 41,441
Total Interest and Dividend Income	$ 8,862	$ 9,419	$ 9,539	$ 10,596	$ 10,340	$ 10,498	$ 11,629	$ 11,840	38,416	44,307
Expense
Long-term borrowings									2,029	2,898
Total Interest Expense	2,037	2,290	2,737	3,292	3,620	3,867	4,836	4,952	10,356	17,275
Other operating expenses									3,199	2,964
Total Other Expenses	5,084	5,832	5,063	4,972	4,558	4,684	4,638	4,422	20,951	18,302
Income tax benefit	(2,116)	489	682	733	(1,043)	447	586	(26)	(212)	(36)
Net Income (Loss)	$ (6,190)	$ 1,601	$ 2,224	$ 2,273	$ (3,503)	$ 1,454	$ 1,908	$ 785	(92)	644
Parent Company [Member]
Income
Interest income									51	59
Total Interest and Dividend Income									51	59
Expense
Long-term borrowings									1,536	1,531
Total Interest Expense									1,536	1,531
Other operating expenses									560	375
Total Other Expenses									560	375
Total Expense									2,096	1,906
Loss before Equity in Undistributed Net Income of Subsidiaries and Income Tax Benefit									(2,045)	(1,847)
Equity in Undistributed Net Income of Subsidiaries									1,473	2,071
Income tax benefit									(480)	(420)
Net Income (Loss)									$ (92)	$ 644

Condensed Financial Informati_5

Condensed Financial Information - Parent Company Only 2 (Detail) - USD ($) $ in Thousands		3 Months Ended								12 Months Ended
		Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2021	Sep. 30, 2020
Condensed Statement Of Income Captions [Line Items]
Net Income (Loss)		$ (6,190)	$ 1,601	$ 2,224	$ 2,273	$ (3,503)	$ 1,454	$ 1,908	$ 785	$ (92)	$ 644
Other Comprehensive (Loss) Income, Net of Tax:
Unrealized holding gains on available-for-sale securities										950	320
Tax effect										(199)	(67)
Net of tax amount										751	253
Reclassification adjustment for net gains arising during the period	[1]									(779)	(330)
Tax effect										163	69
Net of tax amount										(616)	(261)
Adjustment for loss recorded on replacement of derivative										(9)	31
Accretion of unrealized holding losses on securities transferred from available-for-sale to held-to-maturity	[2]									4	3
Tax effect										1	1
Net of tax amount										3	2
Fair value adjustment on derivatives										1,258	(681)
Tax effect										(263)	137
Net of tax amount										995	(544)
Total other comprehensive income (loss)										1,124	(519)
Total comprehensive income										1,032	125
Parent Company [Member]
Condensed Statement Of Income Captions [Line Items]
Net Income (Loss)										(92)	644
Other Comprehensive (Loss) Income, Net of Tax:
Unrealized holding gains on available-for-sale securities										950	320
Tax effect										(199)	(67)
Net of tax amount										751	253
Reclassification adjustment for net gains arising during the period	[3]									(779)	(330)
Tax effect										163	69
Net of tax amount										(616)	(261)
Adjustment for loss recorded on replacement of derivative										(9)	31
Accretion of unrealized holding losses on securities transferred from available-for-sale to held-to-maturity	[2]									4	3
Tax effect										(1)	(1)
Net of tax amount										3	2
Fair value adjustment on derivatives										1,258	(681)
Tax effect										(263)	137
Net of tax amount										995	(544)
Total other comprehensive income (loss)										1,124	(519)
Total comprehensive income										$ 1,032	$ 125
[1]	Amounts are included in net gains on sale and call of available-for-sale securities 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.
[3]	Amounts are included in net gains on sales and calls of investments on the Consolidated Statements of Operations in total other income.

Condensed Financial Informati_6

Condensed Financial Information - Parent Company Only 3 (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2021	Sep. 30, 2020
Cash Flows from Operating Activities
Net Income (Loss)	$ (6,190)	$ 1,601	$ 2,224	$ 2,273	$ (3,503)	$ 1,454	$ 1,908	$ 785	$ (92)	$ 644
ESOP expense									248	236
Stock based compensation									223	253
Amortization of subordinated debt issuance costs									158	157
Increase in other assets									3,335	(6,414)
Increase (decrease) in other liabilities									(360)	6,761
Net Cash Provided by Operating Activities									14,756	11,726
Cash Flows from Investing Activities
Net decrease in loans									79,841	(26,028)
Net Cash Provided by (Used in) Investing Activities									58,014	(35,326)
Cash Flows from Financing Activities
Acquisition of treasury stock										(2,529)
Proceeds from other borrowings									300,000	25,000
Repayments of other borrowings									(340,000)	(28,000)
Net Cash Provided by (Used in) Financing Activities									2,381	(68,504)
Net Increase (Decrease) in Cash and Cash Equivalents									75,151	(92,104)
Cash and Cash Equivalent – Beginning				61,439				153,543	61,439	153,543
Cash and Cash Equivalent – Ending	136,590				61,439				136,590	61,439
Parent Company [Member]
Cash Flows from Operating Activities
Net Income (Loss)									(92)	644
Undistributed net income of subsidiaries									(1,473)	(2,071)
ESOP expense									248	236
Stock based compensation									295	253
Amortization of subordinated debt issuance costs									158	157
Increase in other assets									(850)	(838)
Increase (decrease) in other liabilities									11	(41)
Net Cash Provided by Operating Activities									(1,703)	(1,660)
Cash Flows from Investing Activities
Net decrease in loans									170	162
Net Cash Provided by (Used in) Investing Activities									170	162
Cash Flows from Financing Activities
Acquisition of treasury stock										(2,529)
Proceeds from other borrowings									5,000
Repayments of other borrowings									(5,000)
Net Cash Provided by (Used in) Financing Activities										(2,529)
Net Increase (Decrease) in Cash and Cash Equivalents									(1,533)	(4,027)
Cash and Cash Equivalent – Beginning				$ 8,411				$ 12,438	8,411	12,438
Cash and Cash Equivalent – Ending	$ 6,878				$ 8,411				$ 6,878	$ 8,411

Quarterly Financial Informati_3

Quarterly Financial Information Statement of Operations of Malvern Bancorp Inc. (Unaudited) (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2021	Sep. 30, 2020
Quarterly Financial Information Disclosure [Abstract]
Total Interest and Dividend Income	$ 8,862	$ 9,419	$ 9,539	$ 10,596	$ 10,340	$ 10,498	$ 11,629	$ 11,840	$ 38,416	$ 44,307
Total Interest Expense	2,037	2,290	2,737	3,292	3,620	3,867	4,836	4,952	10,356	17,275
Net Interest Income	6,825	7,129	6,802	7,304	6,720	6,631	6,793	6,888	28,060	27,032
Provision for Loan Losses	10,626			550	7,400	435	625	2,150	11,176	10,610
Total Other Income	579	793	1,167	1,224	692	389	964	443	3,763	2,488
Total Other Expenses	5,084	5,832	5,063	4,972	4,558	4,684	4,638	4,422	20,951	18,302
Income (Loss) before income tax expense	(8,306)	2,090	2,906	3,006	(4,546)	1,901	2,494	759	(304)	608
Income tax benefit	(2,116)	489	682	733	(1,043)	447	586	(26)	(212)	(36)
Net Income (Loss)	$ (6,190)	$ 1,601	$ 2,224	$ 2,273	$ (3,503)	$ 1,454	$ 1,908	$ 785	$ (92)	$ 644
Earnings (loss) per share:
Basic	$ (0.82)	$ 0.21	$ 0.30	$ 0.30	$ 0.46	$ 0.19	$ 0.25	$ 0.10	$ 0.01	$ 0.08
Diluted	$ (0.82)	$ 0.21	$ 0.30	$ 0.30	$ 0.46	$ 0.19	$ 0.25	$ 0.10	$ 0.01	$ 0.08
Weighted Average Common Shares Outstanding
Basic	7,548,958	7,545,371	7,529,408	7,525,808	7,522,199	7,538,375	7,663,771	7,665,842	7,537,408	7,597,528
Diluted	7,550,766	7,546,200	7,530,151	7,526,376	7,522,360	7,538,375	7,663,771	7,665,842	7,538,116	7,597,726

Quarterly Financial Informati_4

Quarterly Financial Information Statement of Financial Condition of Malvern Bancorp Inc. (Unaudited) (Detail) - USD ($)	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019
Quarterly Financial Information Disclosure [Abstract]
Cash and due from depository institutions	$ 99,670,000	$ 90,441,000	$ 99,358,000	$ 83,764,000	$ 16,386,000	$ 30,653,000	$ 1,829,000	$ 1,337,000
Interest bearing deposits in depository institutions	36,920,000	14,513,000	9,556,000	25,458,000	45,053,000	28,291,000	124,239,000	158,465,000
Investment securities available-for-sale, at fair value	40,813,000	32,998,000	27,397,000	33,704,000	30,018,000	31,722,000	20,325,000	22,225,000
Equity securities Fair Value	1,500,000	1,504,000	1,502,000	1,520,000	1,523,000	1,523,000	1,514,000	1,498,000
Investment securities held to maturity	28,507,000	31,795,000	25,834,000	14,161,000	14,970,000	15,921,000	18,046,000	20,578,000
Restricted stock, at cost	7,776,000	7,896,000	8,891,000	9,327,000	9,622,000	9,766,000	10,913,000	11,115,000
Loans receivable, net	902,981,000	940,735,000	974,596,000	990,346,000	1,026,894,000	1,032,318,000	1,007,132,000	996,879,000
Loan held for sale	33,199,000				0
OREO	4,961,000	4,961,000	5,796,000	5,796,000	5,796,000	5,796,000	5,796,000	5,796,000
Accrued interest receivable	3,512,000	3,370,000	3,598,000	4,051,000	3,677,000	5,680,000	4,121,000	4,061,000
Operating lease right-of-use-assets	1,796,000	2,168,000	2,322,000	2,479,000	2,638,000	2,799,000	2,959,000	3,119,000
Property and equipment, net	5,777,000	5,902,000	6,040,000	6,154,000	6,274,000	6,355,000	6,476,000	6,594,000
Deferred income taxes, net	3,530,000	3,389,000	3,535,000	3,601,000	3,680,000	3,103,000	2,974,000	2,806,000
Bank-owned life insurance	26,056,000	25,889,000	25,725,000	25,564,000	25,400,000	20,270,000	20,144,000	20,018,000
Other assets	12,145,000	20,183,000	12,269,000	14,999,000	16,344,000	13,873,000	13,869,000	8,341,000
Total Assets	1,209,143,000	1,185,744,000	1,206,419,000	1,220,924,000	1,208,275,000	1,208,070,000	1,240,337,000	1,262,832,000
Deposits	938,159,000	907,704,000	912,213,000	900,465,000	890,906,000	884,444,000	915,900,000	943,819,000
FHLB advances	90,000,000	90,000,000	110,000,000	130,000,000	130,000,000	130,000,000	133,000,000	133,000,000
Secured borrowing					4,225,000	4,225,000	4,225,000	4,250,000
Other borrowings				5,000,000
Subordinated debt	24,934,000	24,895,000	24,855,000	24,816,000	24,776,000	24,737,000	24,697,000	24,658,000
Operating lease liabilities	1,830,000	2,204,000	2,357,000	2,512,000	2,671,000	2,824,000	2,976,000	3,128,000
Other liabilities	12,052,000	12,749,000	11,143,000	14,865,000	15,104,000	18,309,000	16,389,000	10,442,000
Shareholders' equity	142,168,000	148,192,000	145,851,000	143,266,000	140,593,000	143,531,000	143,150,000	143,535,000	$ 142,508,000
Total Liabilities and Shareholders’ Equity	$ 1,209,143,000	$ 1,185,744,000	$ 1,206,419,000	$ 1,220,924,000	$ 1,208,275,000	$ 1,208,070,000	$ 1,240,337,000	$ 1,262,832,000

Subsequent Events (Narrative) (

Subsequent Events (Narrative) (Detail) - USD ($) $ in Thousands	3 Months Ended
	Jan. 07, 2022	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019
Subsequent Event [Line Items]
Loans aggregate book/outstanding balance		$ 902,981	$ 940,735	$ 974,596	$ 990,346	$ 1,026,894	$ 1,032,318	$ 1,007,132	$ 996,879
Three Commercial Real Estate Loans [Member]
Subsequent Event [Line Items]
Loans held-for-sale at a fair value		18,900
Three Commercial Real Estate Loans [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Loans aggregate book/outstanding balance	$ 29,300
Loans net loss on sold	10,800
One Non-accrual Loan [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Loans aggregate book/outstanding balance	12,200
Two Performing TDR Loans [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Loans aggregate book/outstanding balance	$ 17,100
One Additional Non-accrual Commercial Real Estate Loan [Member]
Subsequent Event [Line Items]
Loans aggregate book/outstanding balance		$ 13,600