Malvern Bancorp (MLVF) 10-Q 15 Aug 22 2022 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Jun. 30, 2022	Aug. 10, 2022
Cover [Abstract]
Entity Registrant Name	MALVERN BANCORP, INC.
Entity Central Index Key	0001550603
Document Type	10-Q
Document Period End Date	Jun. 30, 2022
Amendment Flag	false
Current Fiscal Year End Date	--09-30
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		7,633,828
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2022
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Shell Company	false
Entity Incorporation, State or Country Code	PA
Entity File Number	000-54835
Entity Tax Identification Number	45-5307782
Entity Address, Address Line One	42 East Lancaster Avenue,
Entity Address, City or Town	Paoli,
Entity Address, State or Province	PA
Entity Address, Postal Zip Code	19301
City Area Code	610
Local Phone Number	644-9400
Document Quarterly Report	true
Document Transition Report	false
Title of 12(b) Security	Common Stock, par value $0.01 per share
Trading Symbol	MLVF
Security Exchange Name	NASDAQ

CONSOLIDATED STATEMENTS OF FINA

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2022	Sep. 30, 2021
ASSETS
Cash and due from depository institutions	$ 9,560	$ 99,670
Interest bearing deposits in depository institutions	30,199	36,920
Cash and Cash Equivalents	39,759	136,590
Investment securities available for sale, at fair value	53,080	40,813
Equity securities, at fair value	1,412	1,500
Investment securities held to maturity, at amortized cost	52,350	28,507
Restricted stock, at cost	6,027	7,776
Loans held-for-sale	13,863	33,199
Loans receivable, net of allowance for loan losses of $9,309 and $11,472 respectively	805,957	902,981
Other real estate owned	4,763	4,961
Accrued interest receivable	3,671	3,512
Operating lease right-of-use assets	1,395	1,796
Property and equipment, net	5,365	5,777
Deferred income taxes	3,975	3,530
Bank-owned life insurance	26,063	26,056
Other assets	11,873	12,145
Total Assets	1,029,553	1,209,143
Deposits:
Non-interest-bearing	56,731	53,849
Interest-bearing	734,963	884,310
Total Deposits	791,694	938,159
FHLB advances	60,000	90,000
Subordinated debt	25,000	24,934
Advances from borrowers for taxes and insurance	2,388	1,022
Accrued interest payable	350	572
Operating lease liabilities	1,428	1,830
Other liabilities	3,403	10,458
Total Liabilities	884,263	1,066,975
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; 7,828,344 and 7,633,828 shares issued and outstanding, respectively, at June 30, 2022 and 7,816,832 and 7,622,316 shares issued and outstanding, respectively, at September 30, 2021	76	76
Additional paid-in-capital	85,838	85,524
Retained earnings	64,669	60,296
Unearned Employee Stock Ownership Plan (ESOP) shares	(792)	(901)
Accumulated other comprehensive (loss) income	(1,638)	36
Treasury stock, at cost: 194,516 shares at June 30, 2022 and September 30, 2021	(2,863)	(2,863)
Total Shareholders’ Equity	145,290	142,168
Total Liabilities and Shareholders’ Equity	$ 1,029,553	$ 1,209,143

CONSOLIDATED STATEMENTS OF FI_2

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2022	Sep. 30, 2021
Statement Of Financial Position [Abstract]
Allowance for loan losses	$ 9,309	$ 11,472
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	7,828,344	7,816,832
Common stock, outstanding	7,633,828	7,622,316
Treasury stock, shares	194,516	194,516

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Interest and Dividend Income
Loans, including fees	$ 7,653	$ 8,895	$ 23,509	$ 28,040
Investment securities, taxable	588	378	1,564	1,046
Investment securities, tax-exempt	141	30	241	77
Dividends, restricted stock	80	110	246	370
Interest-bearing deposits	95	6	124	21
Total Interest and Dividend Income	8,557	9,419	25,684	29,554
Interest Expense
Deposits	812	1,446	2,685	5,508
Short-term borrowings				48
Long-term borrowings	158	461	578	1,614
Subordinated debt	294	383	1,016	1,149
Total Interest Expense	1,264	2,290	4,279	8,319
Net Interest Income	7,293	7,129	21,405	21,235
Provision for Loan Losses				550
Net Interest Income after Provision for Loan losses	7,293	7,129	21,405	20,685
Other Income
Service charges and other fees	248	344	921	1,010
Rental income	48	55	148	163
Net gains on sale and call of investments		165		779
Net gains on sale of loans	15	65	78	743
Earnings on bank-owned life insurance	171	164	623	489
Total Other Income	482	793	1,770	3,184
Other Expenses
Salaries and employee benefits	2,350	2,259	6,992	6,806
Occupancy expense	542	546	1,603	1,656
Federal deposit insurance premium	68	77	215	236
Advertising	33	12	97	76
Data processing	305	301	984	935
Professional fees	1,053	841	2,976	2,388
Other real estate owned expense, net	244	835	249	866
Pennsylvania shares tax	127	170	466	509
Other operating expenses	717	791	3,930	2,395
Total Other Expenses	5,439	5,832	17,512	15,867
Income before income tax expense	2,336	2,090	5,663	8,002
Income tax expense	502	489	1,290	1,904
Net Income	$ 1,834	$ 1,601	$ 4,373	$ 6,098
Earnings Per Common Share:
Basic	$ 0.24	$ 0.21	$ 0.58	$ 0.81
Diluted	$ 0.24	$ 0.21	$ 0.58	$ 0.81
Weighted Average Common Shares Outstanding:
Basic	7,569,806	7,545,371	7,559,868	7,533,516
Diluted	7,574,266	7,546,200	7,560,605	7,534,068

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Statement Of Income And Comprehensive Income [Abstract]
Net Income		$ 1,834	$ 1,601	$ 4,373	$ 6,098
Other Comprehensive Income, Net of Tax:
Unrealized holding (losses) gains on available-for-sale securities		(2,258)	671	(4,995)	1,135
Tax effect		475	(141)	1,049	(238)
Net of tax amount		(1,783)	530	(3,946)	897
Reclassification adjustment for net gains arising during the period	[1]		(165)		(779)
Tax effect			34		163
Net of tax amount			(131)		(616)
Adjustment for loss recorded on replacement of derivative			(3)		(7)
Amortization of unrealized holding losses on securities transferred from available-for-sale to held-to-maturity	[2]	2	1	6	3
Tax effect		(2)		(5)	(1)
Net of tax amount			1	1	2
Fair value adjustments on derivatives		623	194	2,875	1,034
Tax effect		(131)	(41)	(604)	(216)
Net of tax amount		492	153	2,271	818
Total other comprehensive (loss) income		(1,291)	550	(1,674)	1,094
Total comprehensive income		$ 543	$ 2,151	$ 2,699	$ 7,192
[1]Amounts are included in net gains on sale and call of investments on the Consolidated Statements of Income in total other income.[2]Amounts are included in interest and dividends on investment securities on the Consolidated Statements of Income.

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Unearned ESOP Shares [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Treasury Stock [Member]
Balance at beginning at Sep. 30, 2020	$ 140,593	$ 76	$ 85,127	$ 60,388	$ (1,047)	$ (1,088)	$ (2,863)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	6,098			6,098
Other comprehensive income (loss)	1,094					1,094
Stock issuance	72		72
Committed to be released ESOP shares	183		73		110
Stock based compensation	152		152
Balance at ending at Jun. 30, 2021	148,192	76	85,424	66,486	(937)	6	(2,863)
Balance at beginning at Mar. 31, 2021	145,851	76	85,271	64,885	(974)	(544)	(2,863)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	1,601			1,601
Other comprehensive income (loss)	550					550
Stock issuance	72		72
Committed to be released ESOP shares	68		31		37
Stock based compensation	50		50
Balance at ending at Jun. 30, 2021	148,192	76	85,424	66,486	(937)	6	(2,863)
Balance at beginning at Sep. 30, 2021	142,168	76	85,524	60,296	(901)	36	(2,863)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	4,373			4,373
Other comprehensive income (loss)	(1,674)					(1,674)
Committed to be released ESOP shares	175		66		109
Stock based compensation	248		248
Balance at ending at Jun. 30, 2022	145,290	76	85,838	64,669	(792)	(1,638)	(2,863)
Balance at beginning at Mar. 31, 2022	144,550	76	85,678	62,835	(829)	(347)	(2,863)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	1,834			1,834
Other comprehensive income (loss)	(1,291)					(1,291)
Committed to be released ESOP shares	58		21		37
Stock based compensation	139		139
Balance at ending at Jun. 30, 2022	$ 145,290	$ 76	$ 85,838	$ 64,669	$ (792)	$ (1,638)	$ (2,863)

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Jun. 30, 2021	Jun. 30, 2021
Statement Of Stockholders Equity [Abstract]
Committed to be released ESOP shares	3,600	10,800
Net proceeds from issuance of stock	$ 25,000	$ 25,000

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Sep. 30, 2021
Cash Flows from Operating Activities
Net Income	$ 1,834	$ 1,601	$ 4,373	$ 6,098
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation expense			472	502
Provision for Loan Losses				550	$ 11,176
Valuation allowance for loan held for sale			1,683
Deferred income tax (benefit) expense			(445)	291
ESOP expense			175	183
Stock based compensation			248	152
Amortization of premiums and discounts on investments securities, net			264	145
Amortization of loan origination fees and costs			104	1,044
(Accretion) Amortization of mortgage servicing rights			(8)	28
Net gain on sale and call of investments securities available-for-sale		(165)		(779)
Net gain on sale of secondary market loans			(78)	(743)
Proceeds from sale of secondary market loans			3,897	20,900
Originations of secondary market loans			(3,819)	(20,157)
Write down of other real estate owned			198	835
Earnings on bank-owned life insurance	(171)	(164)	(623)	(489)
(Increase) Decrease in accrued interest receivable			(159)	307
(Decrease) Increase in accrued interest payable			(222)	218
Operating lease liability payments			(432)	(492)
Decrease in other liabilities			(9,375)	(3,802)
Decrease (increase) in other assets			5,229	(2,167)
Amortization of subordinated debt issuance costs			66	119
Net Cash Provided by Operating Activities			1,548	2,743
Investment securities available-for-sale:
Purchases			(18,664)	(21,325)
Sales				17,297
Maturities, calls and principal repayments			1,517	2,174
Investment securities held-to-maturity:
Purchases			(28,174)	(24,337)
Maturities, calls and principal repayments			4,096	7,397
Proceeds from sale of loans held for sale			18,900
Net decrease in loans held for investment			97,355	84,564
Net decrease in restricted stock			1,750	1,726
Purchase of property and equipment			(60)	(130)
Net Cash Provided by Investing Activities			76,720	67,366
Cash Flows from Financing Activities
Net (decrease) increase in deposits			(146,465)	16,798
Proceeds for long-term borrowings				230,000
Repayment of long-term borrowings			(30,000)	(270,000)
Repayment of secured borrowings				(4,225)
Increase in advances from borrowers for taxes and insurance			1,366	761
Net proceeds from issuance of common stock				72
Net Cash (Used in) Financing Activities			(175,099)	(26,594)
Net (Decrease) Increase in Cash and Cash Equivalents			(96,831)	43,515
Cash and Cash Equivalents - Beginning			136,590	61,439	61,439
Cash and Cash Equivalents - Ending	$ 39,759	$ 104,954	39,759	104,954	$ 136,590
Supplemental Cash Flows Information
Interest paid			$ 4,501	8,101
Income taxes paid				$ 2,072

The Company

The Company	9 Months Ended
	Jun. 30, 2022
Organization Consolidation And Presentation Of Financial Statements [Abstract]
The Company	Note 1 – The Company Malvern Bancorp, Inc. (the “Company” or “Malvern Bancorp”), a Pennsylvania corporation, is a bank holding company registered under the Bank Holding Company Act of 1956, as amended (the “Holding Company Act”). Malvern Bancorp is the holding company for Malvern Bank, National Association (“Malvern Bank” or the “Bank”), a national bank that was originally organized in 1887 as a federally-chartered savings bank. The Company’s primary business is the ownership and operation of the Bank. The Bank’s principal business consists of attracting deposits from businesses and the general public and investing those deposits, together with borrowings and funds generated from operations, in commercial and multi-family real estate loans, one-to-four family residential real estate loans, construction and development loans, commercial business loans, home equity loans, lines of credit, and other consumer loans. The Company also invests in and maintains a portfolio of investment securities, primarily comprised of corporate debt securities, U.S. government agencies, mortgage-backed securities, and state and municipal obligations. Malvern Bank is one of the oldest banks headquartered on the Philadelphia Main Line. For more than a century, the Bank has been committed to helping people build prosperous communities as a trusted financial partner, forging lasting relationships through teamwork, respect, and integrity. The Bank’s primary market niche is providing personalized service to its client base. The Bank conducts business from its headquarters in Paoli, Pennsylvania, a suburb of Philadelphia, and through its nine other banking locations in Chester and Delaware counties, Pennsylvania, Morristown, New Jersey, its New Jersey regional headquarters, and Palm Beach, Florida. The Bank also maintains a representative office in Allentown, Pennsylvania. In preparing the unaudited consolidated financial statements, management has made estimates and assumptions that affect the reported amounts of assets and liabilities as of the dates of the unaudited consolidated statements of condition and that affect the results of operations for the periods presented. Actual results could differ significantly from those estimates. Material estimates that are particularly susceptible to change in the near term relate to the determination of the allowance for loan losses, other real estate owned, the evaluation of deferred tax assets, the other-than-temporary impairment evaluation of securities, and the valuation of derivative positions. The unaudited consolidated financial statements have been prepared in conformity with GAAP. As used in this Quarterly Report on Form 10-Q, the terms “Malvern”, “the Company”, “registrant”, “we”, “us”, and “our” mean Malvern Bancorp, Inc. and its subsidiaries, on a consolidated basis, unless the context indicates otherwise.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2 – Summary of Significant Accounting Policies Basis of financial statement presentation. The unaudited condensed consolidated financial statements of the Company include the accounts of the Company and its subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation. The accompanying unaudited condensed consolidated financial statements present the Company’s financial condition at June 30, 2022 and the results of operations for the three and nine months ended June 30, 2022 and 2021, and cash flows for the nine months ended June 30, 2022 and 2021. The consolidated statement of financial condition as of September 30, 2021 was derived from the audited consolidated statement of financial condition as of that date. In management’s opinion, the unaudited condensed consolidated financial statements contain all adjustments, which include normal and recurring adjustments, necessary for a fair presentation of the financial position and results of operations as of the dates and for the interim periods presented. These unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and note disclosures included in the 2021 Annual Report filed with the SEC. The consolidated statements of income for the three and nine months ended June 30, 2022 and the consolidated statements of cash flows for the nine months ended June 30, 2022 are not necessarily indicative of the results of operations or cash flows for the full year ending September 30, 2022 or any interim period. Recent Accounting Pronouncements Yet to Be Adopted Credit Losses. In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“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. As amended, ASU is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. T he Company is currently evaluating the effects that the adoption of this amendment will have on its consolidated financial statements. In March 2022, the FASB issued ASU 2022-02, Financial Instruments—Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures. These amendments eliminate the TDR recognition and measurement guidance and, instead, require that an entity evaluate (consistent with the accounting for other loan modifications) whether the modification represents a new loan or a continuation of an existing loan. The amendments also enhance existing disclosure requirements and introduce new requirements related to certain modifications of receivables made to borrowers experiencing financial difficulty. For public business entities, these amendments require that an entity disclose current-period gross writeoffs by year of origination for financing receivables and net investment in leases within the scope of Subtopic 326-20. This ASU is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. The Company is currently evaluating the effects that the adoption of this amendment will have on its consolidated financial statements. Reference Rate Reform. In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848) . The guidance allows for companies to: (1) account for certain contract modifications as a continuation of the existing contract without additional analysis; (2) continue hedge accounting when certain critical terms of a hedging relationship change and assess effectiveness in ways that disregard certain potential sources of ineffectiveness; and (3) make a one-time sale and/or transfer of certain debt securities from held-to-maturity to available-for-sale or trading. This ASU is available for adoption 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. ASU 2020-04 is effective March 12, 2020, through December 31, 2022. The Company has elected certain optional expedients related to hedge accounting and will continue to monitor and assess the impact as the reference rate transition occurs over the next two years and proactively adopt applicable expedient(s). In connection with ongoing procedures to monitor the work of the Alternative Rates Committee of the Federal Reserve Board (“FRB”) and Federal Reserve Bank of New York in identifying an alternative U.S. dollar reference interest rate the bank will continue to assess the Secured Overnight Financing Rate (“SOFR”) as the currently identified benchmark rate. Derivatives and Hedging. I n March 2022, FASB ASU No. 2022-01, Derivatives and Hedging (Topic 815): Fair Value Hedging—Portfolio Layer Method. This update will allow non-prepayable financial assets to be included in a closed portfolio hedge using the portfolio method, rather than only prepayable assets. It also allows entities to hedge multiple layers rather than just a single layer of closed portfolio of financial assets or one or more beneficial interests secured by a portfolio of financial instruments. The guidance is effective for public business entities for fiscal years and interim periods within those fiscal years, beginning after December 15, 2022. The Company is currently evaluating the effects, if any, that the adoption of this amendment will have on its consolidated financial statements.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Earnings Per Share	Note 3 – 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 that would arise from the exercise of dilutive securities, reduced by unearned ESOP shares. During the three and nine months ended June 30, 2022, the Company granted 4,200 and 13,848 restricted shares, respectively and 2,336 shares were forfeited for the nine months ended June 30, 2022. Of the 13,848 restricted shares issued during the nine months ended June 30, 2022, 4,517 were fully vested. During the three and nine months ended June 30, 2022, 6,000 stock options were granted. During the three and nine months ended June 30, 2021, the Company granted a total of 12,363 restricted shares. During the three and nine months ended June 30, 2021, options to acquire a total of 7,000 shares of common stock were granted. During the three and nine months ended June 30, 2022, no restricted shares were forfeited. The following table sets forth the composition of the weighted average shares (denominator) used in the earnings per share computations: Three Months Ended June 30, Nine Months Ended June 30, 2022 2021 2022 2021 (In thousands, except share and per share data) Net Income $ 1,834 $ 1,601 $ 4,373 $ 6,098 Weighted average shares outstanding 7,632,351 7,622,316 7,626,026 7,614,074 Average unearned ESOP shares (62,545 ) (76,945 ) (66,158 ) (80,558 ) Basic weighted average shares outstanding 7,569,806 7,545,371 7,559,868 7,533,516 Plus: effect of potential dilutive common stock equivalents - stock options 4,460 829 737 552 Diluted weighted average common shares outstanding 7,574,266 7,546,200 7,560,605 7,534,068 Earnings per common share: Basic $ 0.24 $ 0.21 $ 0.58 $ 0.81 Diluted $ 0.24 $ 0.21 $ 0.58 $ 0.81

Employee Stock Ownership Plan

Employee Stock Ownership Plan	9 Months Ended
	Jun. 30, 2022
Employee Stock Ownership Plan E S O P Shares In E S O P [Abstract]
Employee Stock Ownership Plan	Note 4 – Employee Stock Ownership Plan The Company maintains an ESOP for substantially all of its full-time employees. The current ESOP trustee is Pentegra. Shares of the Company’s common stock purchased by the ESOP are held until released for allocation to participants. Shares released are allocated to each eligible participant based on the ratio of each such participant’s base compensation to the total base compensation of all eligible plan participants. As the unearned shares are committed to be released and allocated among participants, the Company recognizes compensation expense equal to the fair value of the ESOP shares during the periods in which they become committed to be released. To the extent that the fair value of the ESOP shares released differs from the cost of such shares, the difference is charged or credited to additional paid-in capital. During the period from May 20, 2008 to September 30, 2008, the ESOP purchased 241,178 shares of Company common stock for approximately $2.6 million, at an average price of $10.86 per share, which was funded by a loan from Malvern Federal Bancorp, Inc. (the Company’s predecessor). The ESOP loan, which bears an interest rate of 5%, is being repaid in quarterly installments through 2026 principally from the Bank’s contributions to the ESOP.

Investment Securities

Investment Securities	9 Months Ended
	Jun. 30, 2022
Investments Debt And Equity Securities [Abstract]
Investment Securities	Note 5 - Investment Securities The Company’s investment in debt securities are classified as available-for-sale or held-to-maturity at June 30, 2022 and at September 30, 2021. Investment securities available-for-sale are reported at fair value with unrealized gains or losses included in shareholder’s 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 other 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 June 30, 2022 and September 30, 2021: June 30, 2022 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In thousands) Investment Securities Available-for-Sale: U.S. government agencies $ 5,000 $ - $ (1,070 ) $ 3,930 State and municipal obligations 12,101 - (1,676 ) 10,425 Single issuer trust preferred security 1,000 - (81 ) 919 Corporate debt securities 35,990 29 (1,945 ) 34,074 MBS Securities 2,442 - (175 ) 2,267 U.S. Treasury Note 1,485 - (20 ) 1,465 Total 58,018 29 (4,967 ) 53,080 Investment Securities Held-to-Maturity: U.S. government agencies 23,500 - (3,433 ) 20,067 State and municipal obligations 18,088 5 (1,582 ) 16,511 Corporate debt securities 3,294 - (25 ) 3,269 Mortgage-backed securities: Mortgage Backed Security ("MBS"), fixed-rate 2,311 - (359 ) 1,952 Collateralized mortgage obligations (“CMO”), fixed-rate 5,157 - (286 ) 4,871 Total 52,350 5 (5,685 ) 46,670 Equity Securities: Mutual Funds 1,500 - (88 ) 1,412 Total 1,500 - (88 ) 1,412 Total investment securities $ 111,868 $ 34 $ (10,740 ) $ 101,162 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: Mortgage-backed security ("MBS"), fixed-rate 2,461 - (13 ) 2,448 Collateralized mortgage obligations (“CMO”), fixed-rate 6,601 129 - 6,730 Total 28,507 468 (62 ) 28,913 Equity Securities: Mutual Funds 1,500 - - 1,500 Total 1,500 - - 1,500 Total investment securities $ 70,763 $ 712 $ (249 ) $ 71,226 There were no sales of available-for-sale investment securities for the nine months ended June 30, 2022. For the nine months ended June 30, 2021, proceeds of available-for-sale investment securities sold amounted to $17.3 million. There were gains of $779,000 associated with sales and calls. The following tables indicate gross unrealized losses not recognized in income and fair value, aggregated by investment category, and the length of time individual securities have been in a continuous unrealized loss position at June 30, 2022 and September 30, 2021: June 30, 2022 Less than 12 Months 12 Months or more Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses (In thousands) Investment Securities Available for Sale: U.S. government agencies $ 3,930 $ (1,070 ) $ - $ - $ 3,930 $ (1,070 ) State and municipal obligations 10,425 (1,676 ) - - 10,425 (1,676 ) Single issuer trust preferred security - - 919 (81 ) 919 (81 ) Corporate debt securities 30,630 (1,860 ) 1,415 (85 ) 32,045 (1,945 ) MBS Securities 2,267 (175 ) - - 2,267 (175 ) U.S. Treasury Note 1,465 (20 ) 1,465 (20 ) Total $ 48,717 $ (4,801 ) $ 2,334 $ (166 ) $ 51,051 $ (4,967 ) September 30, 2021 Less than 12 Months 12 Months or more 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 investment securities $ 15,287 $ (35 ) $ 3,848 $ (152 ) $ 19,135 $ (187 ) As of June 30, 2022, 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. Management believes that the unrealized losses on these securities are a function of changes in market interest rates and credit spreads, not changes in credit quality. No allowance for credit losses was recorded at June 30 Investment securities having a carrying value of $12.0 million and $2.9 million at June 30, 2022 and September 30, 2021, respectively, were pledged to secure public funds deposits and prospective FRB discount window borrowings. No investment securities were pledged to secure hedges at June 30 The following table presents information for investment securities at June 30, 2022, based on scheduled maturities. Actual maturities can be expected to differ from scheduled maturities due to prepayment or early call options of the issuer. June 30, 2022 Amortized Cost Fair Value (In thousands) Available-for-Sale: Over 1 year through 5 years $ 6,221 $ 6,034 After 5 years through 10 years 32,814 31,047 Over 10 years 16,541 13,732 Mortgage-backed securities: Mortgage Backed Security ("MBS"), fixed-rate 2,442 2,267 Total Available-for-sale securities 58,018 53,080 Held-to-Maturity: Within 1 year 253 252 Over 1 year through 5 years 9,986 9,875 After 5 years through 10 years 3,119 2,769 Over 10 years 31,524 26,951 Mortgage-backed securities: Mortgage Backed Security ("MBS"), fixed-rate 2,311 1,952 Collateralized mortgage obligations (“CMO”), fixed-rate 5,157 4,871 Total Held-to-maturity securities 52,350 46,670 Equity Securities: Within 1 year 500 500 After 5 years through ten years 1,000 912 Total Equity securities 1,500 1,412 Total investment securities $ 111,868 $ 101,162

Loans Receivable and Related Al

Loans Receivable and Related Allowance for Loan Losses	9 Months Ended
	Jun. 30, 2022
Receivables [Abstract]
Loans Receivable and Related Allowance for Loan Losses	Note 6 – Loans Receivable and Related Allowance for Loan Losses Loans receivable in the Company’s portfolio consisted of the following at the dates indicated below: June 30, 2022 September 30, 2021 (In thousands) Residential mortgage $ 176,499 $ 198,710 Construction and Development: Residential and commercial 20,459 61,492 Land 2,054 2,204 Total Construction and Development 22,513 63,696 Commercial: Commercial real estate 407,783 426,915 Farmland 15,348 10,297 Multi-family 54,879 66,332 Commercial and industrial 104,504 115,246 Other 13,954 10,954 Total Commercial 596,468 629,744 Consumer: Home equity lines of credit 12,432 13,491 Second mortgages 4,605 5,884 Other 2,183 2,299 Total Consumer 19,220 21,674 Total loans 814,700 913,824 Deferred loan costs, net 566 629 Allowance for loan losses (9,309 ) (11,472 ) Total loans receivable, net $ 805,957 $ 902,981 The following tables summarize the primary classes of the allowance for loan losses (“ALLL”), segregated into the amount required for loans individually evaluated for impairment and the amount required for loans collectively evaluated for impairment, as of June 30, 2022 and September 30, 2021. Activity in the ALLL is presented for the three and nine months ended June 30, 2022 and 2021 and the fiscal 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 Allowance for loan losses: (In thousands) Three Months Ended June 30, 2022 Beginning balance $ 814 $ 152 $ 27 $ 6,205 $ 274 $ 327 $ 1,198 $ - $ 78 $ 100 $ 17 $ 109 $ 9,301 Charge-offs - - - - - - - - - - - - - Recoveries 3 - - 1 - - 1 - - 3 - - 8 Provisions (107 ) (42 ) (16 ) 19 (194 ) (31 ) (21 ) 58 (15 ) (63 ) (3 ) 415 - Ending balance $ 710 $ 110 $ 11 $ 6,225 $ 80 $ 296 $ 1,178 $ 58 $ 63 $ 40 $ 14 $ 524 $ 9,309 Construction and Development Commercial Consumer Residential Mortgage Residential and Commercial Land Commercial Real Estate Farmland Multi- Family Commercial and Industrial Other Home Equity Lines of Credit Second Mortgages Other Unallocated Total Allowance for loan losses: (In thousands) Three Months Ended June 30, 2021 Beginning balance $ 1,428 $ 532 $ 24 $ 8,377 $ 35 $ 506 $ 557 $ 49 $ 119 $ 114 $ 25 $ 835 $ 12,601 Charge-offs - - - (645 ) - - (379 ) - - - - - (1,024 ) Recoveries - - - - - - 1 - 15 6 1 - 23 Provisions (111 ) (97 ) (9 ) 607 21 (3 ) 471 5 (41 ) (16 ) (4 ) (823 ) - Ending balance $ 1,317 $ 435 $ 15 $ 8,339 $ 56 $ 503 $ 650 $ 54 $ 93 $ 104 $ 22 $ 12 $ 11,600 Construction and Development Commercial Consumer Residential Mortgage Residential and Commercial Land Commercial Real Estate Farmland Multi- Family Commercial and Industrial Other Home Equity Lines of Credit Second Mortgages Other Unallocated Total Allowance for loan losses: (In thousands) Nine Months Ended June 30, 2022 Beginning balance $ 934 $ 428 $ 15 $ 7,043 $ 56 $ 450 $ 2,221 $ 54 $ 76 $ 87 $ 20 $ 88 $ 11,472 Charge-offs - - - - - - (2,194 ) - - (106 ) - - (2,300 ) Recoveries 4 - - 77 - - 1 - 1 54 - - 137 Provisions (228 ) (318 ) (4 ) (895 ) 24 (154 ) 1,150 4 (14 ) 5 (6 ) 436 - Ending balance $ 710 $ 110 $ 11 $ 6,225 $ 80 $ 296 $ 1,178 $ 58 $ 63 $ 40 $ 14 $ 524 $ 9,309 Ending balance: individually evaluated for impairment $ 56 $ - $ - $ - $ - $ - $ - $ - $ - $ 17 $ - $ - $ 73 Ending balance: collectively evaluated for impairment $ 654 $ 110 $ 11 $ 6,224 $ 80 $ 296 $ 1,178 $ 58 $ 63 $ 23 $ 14 $ 525 $ 9,236 Loans receivable: Ending balance $ 176,499 $ 20,459 $ 2,054 $ 407,783 $ 15,348 $ 54,879 $ 104,504 $ 13,954 $ 12,432 $ 4,605 $ 2,183 $ 814,700 Ending balance: individually evaluated for impairment $ 478 $ - $ - $ - $ - $ - $ - $ - $ - $ 58 $ - $ 536 Ending balance: collectively evaluated for impairment $ 176,021 $ 20,459 $ 2,054 $ 407,783 $ 15,348 $ 54,879 $ 104,504 $ 13,954 $ 12,432 $ 4,547 $ 2,183 $ 814,164 Construction and Development Commercial Consumer Residential Mortgage Residential and Commercial Land Commercial Real Estate Farmland Multi- Family Commercial and Industrial Other Home Equity Lines of Credit Second Mortgages Other Unallocated Total Allowance for loan losses: (In thousands) Nine Months Ended June 30, 2021 Beginning balance $ 1,667 $ 465 $ 23 $ 8,682 $ 47 $ 511 $ 578 $ 51 $ 130 $ 196 $ 29 $ 54 $ 12,433 Charge-offs - - - (1,128 ) - - (379 ) - - - (1 ) - (1,508 ) Recoveries 1 - - 1 - - 2 - 16 103 2 - 125 Provisions (351 ) (30 ) (8 ) 784 9 (8 ) 449 3 (53 ) (195 ) (8 ) (42 ) 550 Ending balance $ 1,317 $ 435 $ 15 $ 8,339 $ 56 $ 503 $ 650 $ 54 $ 93 $ 104 $ 22 $ 12 $ 11,600 Ending balance: individually evaluated for impairment $ - $ - $ - $ 1,287 $ - $ - $ - $ - $ - $ 37 $ - $ - $ 1,324 Ending balance: collectively evaluated for impairment $ 1,317 $ 435 $ 15 $ 7,052 $ 56 $ 503 $ 650 $ 54 $ 93 $ 67 $ 22 $ 12 $ 10,276 Loans receivable: Ending balance $ 201,737 $ 61,484 $ 2,253 $ 478,032 $ 10,335 $ 66,725 $ 97,955 $ 10,896 $ 12,822 $ 7,039 $ 2,372 $ 951,650 Ending balance: individually evaluated for impairment $ 3,561 $ - $ - $ 38,219 $ 2,265 $ - $ 3,124 $ - $ 24 $ 458 $ - $ 47,651 Ending balance: collectively evaluated for impairment $ 198,176 $ 61,484 $ 2,253 $ 439,813 $ 8,070 $ 66,725 $ 94,831 $ 10,896 $ 12,798 $ 6,581 $ 2,372 $ 903,999 Construction and Development Commercial Consumer Residential Mortgage Residential and Commercial Land Commercial Real Estate Farmland Multi- Family Commercial and Industrial Other Home Equity Lines of Credit Second Mortgages Other Unallocated Total Allowance for loan losses: (In thousands) Year Ended September 30, 2021 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 In assessing the adequacy of the ALLL, it is recognized that the process, methodology and underlying assumptions require a significant degree of judgment. The estimation of loan losses is not precise; the range of factors considered is wide and is significantly dependent upon management’s judgment, including the outlook and potential changes in the economic environment. Any unallocated portion of the ALLL in conjunction with the quarterly review and changes to the qualitative factors to adjust for the risk due to current economic conditions reflects management’s estimate of probable inherent but undetected losses within the portfolio due to uncertainties in economic conditions, regulatory requirements, delays in obtaining information, including unfavorable information about a borrower’s financial condition, the difficulty in identifying triggering events that correlate perfectly to subsequent loss rates, and risk factors that have not yet manifested themselves in loss allocation factors. Impaired loans with no specific allowance decreased by $20.2 million from $39.7 million at September 30, 2021 to $19.5 million at June 30, 2022, due primarily to three commercial real estate loans totaling $18.9 million being sold during the December 31, 2021 period and a $2.2 million partial charge down of one commercial and industrial loan during the March 31, 2022 period. 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 June 30, 2022 and September 30, 2021: Impaired Loans with Specific Allowance Impaired Loans with No Specific Allowance Total Impaired Loans Recorded Investment Related Allowance Recorded Investment Recorded Investment Unpaid Principal Balance (In thousands) June 30, 2022 Residential mortgage $ 478 $ 56 $ 2,368 $ 2,847 $ 3,050 Commercial: Commercial real estate - - 13,777 13,777 15,476 Farmland - - 2,221 2,221 2,221 Commercial and industrial - - 968 968 3,642 Consumer: Home equity lines of credit - - 20 20 26 Second mortgages 58 17 182 240 294 Total impaired loans $ 536 $ 73 $ 19,536 $ 20,073 $ 24,709 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 The following table presents the average recorded investment in impaired loans in the loan portfolio and related interest income recognized for the three and nine months ended June 30, 2022 and 2021: Three Months Ended June 30, 2022 Nine Months Ended June 30, 2022 Average Impaired Loans Interest Income Recognized on Impaired Loans Average Impaired Loans Interest Income Recognized on Impaired Loans (In thousands) Residential mortgage $ 2,234 $ 29 $ 2,472 $ 95 Commercial: Commercial real estate 13,405 22 13,094 67 Farmland 2,226 20 2,236 59 Commercial and industrial 973 6 1,705 16 Consumer: Home equity lines of credit 21 - 17 - Second mortgages 863 1 816 3 Total $ 19,722 $ 78 $ 20,340 $ 240 Three Months Ended June 30, 2021 Nine Months Ended June 30, 2021 Average Impaired Loans Interest Income Recognized on Impaired Loans Average Impaired Loans Interest Income Recognized on Impaired Loans (In thousands) Residential mortgage $ 3,280 $ 22 $ 3,383 $ 56 Commercial: Commercial real estate 38,243 153 32,701 403 Farmland 2,265 31 1,766 50 Commercial and industrial 1,398 5 709 12 Consumer: Home equity lines of credit 24 - 51 - Second mortgages 776 2 711 5 Total $ 45,986 $ 213 $ 39,321 $ 526 The following table presents the classes of the loan portfolio categorized as pass, special mention, substandard and doubtful within the Company’s internal risk rating system as of June 30, 2022 and September 30, 2021: Pass Special Mention Substandard Doubtful Total (In thousands) June 30, 2022: Residential mortgage $ 174,073 $ - $ 2,426 $ - $ 176,499 Construction and Development: Residential and commercial 20,459 - - - 20,459 Land 2,054 - - - 2,054 Commercial: Commercial real estate 364,341 42,738 704 - 407,783 Farmland 13,127 - 2,221 - 15,348 Multi-family 54,879 - - - 54,879 Commercial and industrial 98,657 - 5,847 - 104,504 Other 13,954 - - - 13,954 Consumer: Home equity lines of credit 12,340 - 92 - 12,432 Second mortgages 4,133 60 412 - 4,605 Other 2,183 - - - 2,183 Total $ 760,200 $ 42,798 $ 11,702 $ - $ 814,700 Pass Special Mention Substandard Doubtful Total (In thousands) September 30, 2021: 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 The following table presents loans that are no longer accruing interest as of June 30, 2022 and September 30, 2021, by portfolio class: June 30, 2022 September 30, 2021 (In thousands) Non-accrual loans: Residential mortgage $ 599 $ 879 Commercial: Commercial and industrial 280 2,517 Consumer: Home equity lines of credit 21 23 Second mortgages 175 278 Total non-accrual loans $ 1,075 $ 3,697 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. Non-accrual loans totaled $1.1 million at June 30, 2022, and $3.7 million at September 30, 2021. The decrease in non-accrual loans was primarily due a partial charge down of $2.2 million one commercial and industrial loan during the nine months ended June 30, 2022. Interest income that would have been recognized on non-accrual loans had they been current in accordance with their original terms was approximately $29,000 for the three months ended June 30, 2022, and $29,000 for the nine months ended June 30, 2022. Interest income that would have been recognized on non-accrual loans had they been current in accordance with their original terms was approximately $300,000 for the three months ended June 30, 2021 and $845,000 for the nine months ended June 30, 2021. At June 30, 2022 there were three loans for $401,000 that were past due 90 days or more and still accruing interest. At September 30, 2021, there were no loans past due 90 days or more and still accruing interest. Management monitors the performance and credit quality of the loan portfolio by analyzing the age of the loans in the loan portfolio and categorizing each loan as “current” , meaning payment is received from a borrower by the scheduled due date , or by the length of time a scheduled payment is past due. The following table presents the classes of the loan portfolio categorized by the following aging categories as of June 30, 2022 and September 30, 2021 : Current 30-59 Days Past Due 60-89 Days Past Due 90 Days and More Past Due Total Past Due Total Loans Receivable Loans Receivable > 90 Days and Accruing (In thousands) June 30, 2022: Residential mortgage $ 172,846 $ 3,221 $ 72 $ 359 $ 3,652 $ 176,499 $ 172 Construction and Development: Residential and commercial 20,459 - - - - 20,459 - Land 2,054 - - - - 2,054 - Commercial: Commercial real estate 407,418 165 - 200 365 407,783 200 Farmland 15,348 - - - - 15,348 - Multi-family 54,879 - - - - 54,879 - Commercial and industrial 104,129 - 95 280 375 104,504 - Other 13,955 - - - - 13,954 - Consumer: Home equity lines of credit 12,432 - - - - 12,432 - Second mortgages 4,497 72 - 37 109 4,605 29 Other 2,177 5 - - 5 2,183 - Total $ 810,194 $ 3,463 $ 167 $ 876 $ 4,506 $ 814,700 $ 401 Current 30-59 Days Past Due 60-89 Days Past Due 90 Days and More Past Due Total Past Due Total Loans Receivable Loans Receivable > 90 Days and Accruing (In thousands) 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 $ - Restructured loans deemed to be Troubled debt restructures (“TDRs”) are typically the result of an extension of the loan maturity date or a reduction of the interest rate of the loan to a rate that is below market, a combination of rate and maturity extension, or by other means, including covenant modifications, forbearance and other concessions. However, the Bank generally restructures loans by modifying the payment structure to require payments of interest only for a specified period or by reducing the actual interest rate. Once a loan becomes a TDR, it will continue to be reported as a TDR during the term of the restructuring. The Company had 22 and 26 loans classified as TDRs at June 30, 2022 and September 30, 2021, respectively, with an aggregate outstanding balance of $6.2 million and $18.2 million, respectively. At June 30, 2022, these loans were also classified as impaired. The decrease is primarily related to two TDR commercial real estate loans totaling $11.4 million that were sold during the December 31, 2021 period, 19 of the TDR loans continue to perform under the restructured terms through June 30, 2022 and the Company continued to accrue interest on such loans through such date. Loans that have been classified as TDRs have modified payment terms and in some cases modified interest rates from the original agreements, which allow the borrowers, who were experiencing financial difficulty, to make interest only payments for a period of time in order to relieve some of their overall cash flow burden. Some loan modifications classified as TDRs may not ultimately result in the full collection of principal and interest, as modified, and could result in potential incremental losses. These potential incremental losses have been factored into our overall estimate of the ALLL. The level of any defaults will likely be affected by future economic conditions. A default on a TDR loan for purposes of this disclosure occurs when the borrower is 90 days past due or a foreclosure or repossession of the applicable collateral has occurred. TDRs may arise in cases where, due to financial difficulties experienced by the borrower, the Company obtains through physical possession one or more collateral assets in satisfaction of all or part of an existing credit. Once possession is obtained, the Company reclassifies the appropriate portion of the remaining balance of the credit from loans to other real estate owned (“OREO”), which is included within other assets in the Consolidated Statements of Financial Condition. Total Troubled Debt Restructurings Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months Number of Loans Recorded Investment Number of Loans Recorded Investment (Dollars in thousands) June 30, 2022: Residential mortgage 14 $ 2,660 - $ - Commercial: Commercial real estate 3 595 2 986 Farmland 1 2,221 - - Commercial and industrial 1 625 - - Consumer: Second mortgages 3 65 - - Total 22 $ 6,166 2 $ 986 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 The following table reports the performing status of all TDR loans as of June 30, 2022 and September 30, 2021. The performing status is determined by a loan’s compliance with the modified terms: June 30, 2022 September 30, 2021 Performing Non- Performing Performing Non- Performing (In thousands) Residential mortgage $ 2,248 $ 412 $ 2,540 $ 640 Commercial: Commercial real estate 595 - 12,180 - Farmland 2,221 - 2,254 - Commercial and industrial 625 - 549 - Consumer: Second mortgages 65 - 78 - Total $ 5,754 $ 412 $ 17,601 $ 640 There were no new TDRs during the three months ended June 30, 2022 and 2021. The following tables show the new TDRs for the nine months ended , 2022 and 2021: For the Nine Months Ended June 30, 2022 2021 Number of Contracts Pre- Modifications Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment Number of Contracts Pre- Modifications Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment (Dollars in thousands) Troubled Debt Restructurings: Residential mortgage 1 $ 482 $ 482 - $ - $ - Commercial: Commercial real estate - - - - - - Farmland - - - 1 2,287 2,287 Commercial and industrial 1 504 504 1 549 549 Total troubled debt restructurings 2 $ 986 $ 986 2 $ 2,836 $ 2,836 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 TDRs. As such, the applicable loans are reported as current with regard to payment status and continue to accrue interest during the payment deferral period. The following tables set forth the composition of these loans by loan segments as of June 30, 2022 and September 30, 2021: June 30 ,2022 Number of Loans Loan Modified Exposure Gross Loans Percentage of Gross Loans Modified (Dollars in thousands) Residential mortgage - $ - $ 176,499 0.00 % Construction and Development: Residential and commercial - - 20,459 0.00 % Land loans - - 2,054 0.00 % Total Construction and Development - - 22,513 0.00 % Commercial: Commercial real estate 4 42,093 407,783 5.17 % Farmland - - 15,348 0.00 % Multi-family - - 54,879 0.00 % Commercial and industrial - - 104,504 0.00 % Other - - 13,954 0.00 % Total Commercial 4 42,093 596,468 5.17 % Consumer: Home equity lines of credit - - 12,432 0.00 % Second mortgages - - 4,605 0.00 % Other - - 2,183 0.00 % Total Consumer - - 19,220 0.00 % Total loans 4 $ 42,093 $ 814,700 5.17 % September 30, 2021 Number of Loans Loan Modified Exposure Gross Loans 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 %

Regulatory Matters

Regulatory Matters	9 Months Ended
	Jun. 30, 2022
Regulatory Matters Disclosure [Abstract]
Regulatory Matters	Note 7 - Regulatory Matters Regulatory Capital Requirements The Bank is subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a m aterial effect on the Company ’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of the Bank’s assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. The Bank’s capital amounts and classifications are also subject to qualitative judgments by the regulators about components, risk- weightings, and other factors . Quantitative measures established by regulation to ensure capital adequacy require the Bank to maintain minimum amounts and ratios (set forth in the table below) of tangible and core capital (as defined in the regulations) to total adjusted tangible assets (as defined in the regulations) and of risk-based capital (as defined in the regulations) to risk-weighted assets (as defined in the regulations). As of June 30, 2022 and as of September 30, 2021, the Company’s and the Bank’s current capital levels exceeded the required capital amounts to be considered “well capitalized” and they also met the fully-phased in minimum capital requirements, including the related capital conservation buffers, as required by the Basel III capital rules. The following table summarizes the Company’s compliance with applicable regulatory capital requirements as of June 30, 2022 and September 30, 2021: Actual For Capital Adequacy Purposes Amount Ratio Amount Ratio (Dollars in thousands) As of June 30, 2022 Tier 1 Leverage (Core) Capital (to adjusted assets) $ 146,928 13.77 % $ 42,680 4.00 % Common Equity Tier 1 Capital (to risk weighted assets) 146,928 16.87 % 39,196 4.50 % Tier 1 Capital (to risk weighted assets) 146,928 16.87 % 52,261 6.00 % Total Risk Based Capital (to risk weighted assets) 181,319 20.82 % 69,681 8.00 % As of September 30, 2021 Tier 1 Leverage (Core) Capital (to adjusted assets) $ 142,132 11.84 % $ 48,020 4.00 % Common Equity Tier 1 Capital (to risk weighted assets) 142,132 14.53 % 44,024 4.50 % Tier 1 Capital (to risk weighted assets) 142,132 14.53 % 58,699 6.00 % Total Risk Based Capital (to risk weighted assets) 178,620 18.26 % 78,265 8.00 % (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 June 30 The following table summarizes the Bank’s compliance with applicable regulatory capital requirements as of June 30, 2022 and September 30, 2021: Actual Minimum For Capital Adequacy Purposes Minimum To be Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) As of June 30, 2022 Tier 1 Leverage (Core) Capital (to adjusted assets) $ 163,237 15.33 % $ 42,590 4.00 % $ 53,237 5.00 % Common Equity Tier 1 Capital (to risk weighted assets) 163,237 18.79 % 39,091 4.50 % 56,465 6.50 % Tier 1 Capital (to risk weighted assets) 163,237 18.79 % 52,122 6.00 % 69,496 8.00 % Total Risk Based Capital (to risk weighted assets) 172,628 19.87 % 69,496 8.00 % 86,870 10.00 % As of September 30, 2021 Tier 1 Leverage (Core) Capital (to adjusted 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 %

Derivatives and Hedging Activit

Derivatives and Hedging Activities	9 Months Ended
	Jun. 30, 2022
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Derivatives and Hedging Activities	Note 8 – Derivatives and Hedging Activities The Company is exposed to certain risks arising from both its business operations and economic conditions. The Company principally manages its exposures to a wide variety of business and operational risks through management of its core business activities. The Company manages economic risks, including interest rate, liquidity, and credit risk, primarily by managing the amount, sources, and duration of its debt funding and the use of derivative financial instruments. Specifically, the Company enters into derivative financial instruments to manage exposures that arise from business activities that result in the payment of future uncertain cash amounts, the value of which are determined by interest rates. The Company’s objectives in using interest rate derivatives are to add stability to interest expense and to manage its exposure to interest rate movements. To accomplish this objective, the Company primarily uses interest rate swaps as part of its interest rate risk management strategy. Interest rate swaps designated as cash flow hedges involve the receipt of variable amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements without exchange of the underlying notional amount. The effective portion of changes in the fair value of derivatives designated and that qualify as cash flow hedges is recorded in accumulated other comprehensive income (loss) and is subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings. At June 30, 2022, such derivatives were used to hedge the variable cash flows associated with advances from the Federal Home Loan Bank of Pittsburgh. Amounts reported in accumulated other comprehensive income (loss) related to derivatives will be reclassified to interest expense as interest payments are made on the Company’s variable-rate debt. During the next twelve months, the Company estimates approximately $1.3 million to be reclassified to earnings as a decrease to interest expense. The Company is hedging its exposure to the variability in future cash flows for forecasted transactions over a maximum period of twenty months (excluding forecasted transactions related to the payment of variable interest on existing financial instruments). The Company also executes interest rate swaps with commercial banking customers to facilitate their respective risk management strategies. Those interest rate swaps are simultaneously hedged by offsetting interest rate swaps that the Company executes with a third party, such that the Company minimizes its net risk exposure resulting from such transactions. These derivatives are not designated as hedges and are not speculative. Rather, these derivatives result from a service the Company provides to certain customers. As the interest rate swaps associated with this program do not meet the hedge accounting requirements, changes in the fair value of both the customer swaps and the offsetting swaps are recognized directly in earnings. The tables below present the fair value of the Company’s derivative financial instruments as well as their classification on the Consolidated Statements of Financial Condition as of June 30, 2022 and September 30, 2021: ` June 30, 2022 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 $ 60,000 $ 2,848 Other assets $ — $ — Other liabilities Derivatives not designated as a hedging instrument: Interest rate swap agreement $ 44,334 $ 1,841 Other assets $ 44,334 $ 1,842 Other liabilities 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 The tables below present the derivative assets and liabilities offsetting as of June 30, 2022 and September 30, 2021: Offsetting of Derivative Assets (In thousands) as of June 30, 2022 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 $ 4,690 $ - $ 4,690 $ 278 $ - $ 4,412 Offsetting of Derivative Liabilities (In thousands) as of June 30, 2022 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 $ 1,842 $ - $ 1,842 $ 278 $ - $ 1,564 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 ) The tables below present the net gains (losses) recorded in accumulated other comprehensive income (loss) and the Consolidated Statements of Income relating to the cash flow derivative instruments for the three and nine months ended June 30, 2022 and 2021: Three Months Ended June 30, 2022 Amount of Gain Recognized in OCI on Derivative Amount of Gain Reclassified from OCI to Interest Expense (In thousands) Interest rate swap agreements $ 658 $ 36 Total derivatives 658 36 Three Months Ended June 30, 2021 Amount of Loss Recognized in OCI on Derivative Amount of Loss Reclassified from OCI to Interest Expense (In thousands) Interest rate swap agreements $ (40 ) $ (231 ) Total derivatives (40 ) (231 ) Nine Months Ended June 30, 2022 Amount of Loss Recognized in OCI on Derivative Amount of Loss Reclassified from OCI to Interest Expense (In thousands) Interest rate swap agreements $ 2,800 $ (75 ) Total derivatives 2,800 (75 ) Nine Months Ended June 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 $ 274 $ (754 ) Total derivatives 274 (754 ) The tables below present the effect of the Company’s derivative financial instruments on the Consolidated Statements of Operations for the three and nine months ended June 30, 2022 and 2021: Three Months Ended June 30, 2022 Consolidated Statements of Income Amount of Gain Recognized in Income on derivatives (In thousands) Derivatives not designated as a hedging instrument: Interest rate swap agreement Other income $ 1 Total $ 1 Three Months Ended June 30, 2021 Consolidated Statements of Income Amount of Loss Recognized in Income on derivatives (In thousands) Derivatives not designated as a hedging instrument: Interest rate swap agreement Other income $ (1 ) Total $ (1 ) Nine Months Ended June 30, 2022 Consolidated Statements of Income Amount of Loss Recognized in Income on derivatives (In thousands) Derivatives not designated as a hedging instrument: Interest rate swap agreement Other income $ 3 Total $ 3 Nine Months Ended June 30, 2021 Consolidated Statements of Income Amount of Loss Recognized in Income on derivatives (In thousands) Derivatives not designated as a hedging instrument: Interest rate swap agreement Other income $ (2 ) Total $ (2 ) The Company has agreements with each of its derivative counterparties that contain a provision providing that if the Company defaults on any of its indebtedness, including defaults where repayment of the indebtedness has not been accelerated by the lender, then the Company could also be declared in default on its derivative agreements. At June 30, 2022 and September 30, 2021, the fair value of derivatives was in a net asset and liability position, respectively, which includes accrued interest but excludes any adjustment for nonperformance risk, related to these agreements. There were no adjustments for nonperformance risk at June 30, 2022 and September 30, 2021.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 9 - Fair Value Measurements The Company follows FASB ASC Topic 820 Fair Value Measurement The Company groups its assets at fair value in three levels, based on the markets in which the assets are traded and the reliability of the assumptions used to determine fair value. These levels are : Level 1— valuation is based upon quoted prices for identical instruments traded in active markets. Level 2—valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model-based valuation techniques for which all significant assumptions are observable in the market. Level 3—valuation is generated from model-based techniques that use significant assumptions not observable in the market. These unobservable assumptions reflect the Company’s own estimates of assumptions that market participants would use in pricing the asset. The Company bases its fair values on the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. It is the Company’s 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 affects the valuation method chosen. There were no changes in valuation techniques or transfers between levels at June 30, 2022 or September 30, 2021. The tables below present the balances of assets measured at fair value on a recurring basis as of June 30, 2022 and September 30, 2021: June 30, 2022 Total Level 1 Level 2 Level 3 (In thousands) Assets: Investment securities available for sale: Debt securities: U.S. government agencies 3,930 $ - $ 3,930 $ - State and municipal obligations 10,425 - 10,425 - Single issuer trust preferred security 919 - 919 - Corporate debt securities 34,074 - 34,074 - Mortgage backed securities 2,267 - 2,267 - U.S. treasury note 1,465 - 1,465 - Total investment Securities available -for-sale 53,079 - 53,079 - Equity Securities: Mutual Funds 1,412 912 - 500 Total equity investment securities 1,412 912 - 500 Total investment securities available for sale $ 54,491 $ 912 $ 53,079 $ 500 Assets: Derivative instruments $ 4,690 $ - $ 4,690 $ - Liabilities: Derivative instruments $ 1,842 $ - $ 1,842 $ - 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 Funds 1,500 1,000 - 500 Total equity investment securities 1,500 1,000 - 500 Total investment securities available for sale $ 42,313 $ 1,000 $ 40,813 $ 500 Assets: Derivative instruments $ 4,685 $ - $ 4,685 $ - Liabilities: Derivative instruments $ 4,720 $ - $ 4,720 $ - The following tables present additional information about the equity securities measured at fair value on a recurring basis and for which the Company utilized significant unobservable inputs (Level 3 inputs) to determine fair value for the nine months ended June 30, 2022 and June 30, 2021 Fair value measurements using significant unobservable inputs (Level 3) (In thousands) Balance, October 1, 2021 $ 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, June 30, 2022 $ 500 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, June 30, 2021 $ 500 All of the Company’s available for sale investment securities and derivative instruments are reported at fair value utilizing Level 2 inputs. For these securities, the Company obtains fair value measurements from an independent pricing service. The fair value measurements consider observable data that may include dealer quotes, market spreads, cash flows, the U.S. Treasury yield curve, live trading levels, trade execution data, market consensus prepayment speeds, credit information and the securities’ terms and conditions, among other things. From time to time, the Company validates prices supplied by the independent pricing service by comparison to prices obtained from third-party sources or derived using internal models. For assets measured at fair value on a nonrecurring basis that were still held at the end of the period, the following tables provide the level of valuation assumptions used to determine each adjustment and the carrying value of the related individual assets or portfolios at June 30, 2022 and September 30, 2021: June 30, 2022 Total Level 1 Level 2 Level 3 (In thousands) Other real estate owned $ 4,763 $ - $ - $ 4,763 Impaired loans (1) 14,368 - - 14,368 Total $ 19,131 $ - $ - $ 19,131 June 30, 2022 Fair Value at June 30, 2022 Valuation Technique Unobservable Input Range/(Weighted Average) (Dollars in thousands) Other real estate owned $ 4,763 Appraisal of Collateral(2) Collateral discount(3) 4%/(4%) Impaired loans (1) 14,368 Appraisal of Collateral(2) Collateral discount(3) 6%/(12%) Total $ 19,131 (1) Consisted of three loans with an aggregate balance of $14.2 million and with $73,000 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. 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) (Dollars 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%)-(12.0%)/(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. At June 30, 2022 and September 30, 2021, the Company did not have any additions to our mortgage servicing assets. At June 30, 2022 and September 30, 2021, the Company only sold loans with servicing released. The following disclosure of the estimated fair value of financial instruments is made in accordance with the requirements of FASB ASC 825. The estimated fair value amounts have been determined by the Company using available market information and appropriate valuation methods. However, considerable judgment is necessarily required to interpret market data to develop the estimates of fair value. Accordingly, the estimates presented herein are not necessarily indicative of the amounts the Company would realize in a current market exchange. The use of different market assumptions and/or estimation methodologies may have a material effect on the estimated fair value amounts. FASB ASC 825 excludes certain financial instruments and all non-financial instruments from its disclosure requirements. Accordingly, the aggregate fair value amounts presented may not necessarily represent the underlying fair value of the Company. The fair value estimates presented herein are based on pertinent information available to management as of June 30, 2022 and September 30, 2021. Although management is not aware of any factors that would significantly affect the estimated fair value amounts, such amounts have not been comprehensively revalued for purposes of these financial statements since June 30, 2022 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 securities available for sale and mutual funds are measured at fair value on a recurring basis. Fair value measurements for these securities are typically obtained from independent pricing services that the Company has engaged for this purpose. When available, the Company, or its 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 —The Company does 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 the Company’s real estate loans totaling $33.2 million classified as held-for-sale were deemed impaired. Three of the commercial real estate loans totaling $19.6 million were fair valued at Level 1 input as 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 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 are equity interests in the Federal Reserve Bank, FHLB and ACBB, they are carried at cost because they do not have a readily determinable fair value as it’s ownership is restricted and it lacks a market. The estimated fair value approximates the carrying amount. Other Real Estate Owned — Assets acquired through foreclosure or deed in lieu of foreclosure are recorded at estimated fair value less estimated selling costs when acquired, thus establishing a new cost basis. Fair value is generally based on independent appraisals. These appraisals include adjustments to comparable assets based on the appraisers’ market knowledge and experience, and are considered L evel 3 inputs. When an asset is acquired, the excess of the loan balance over fair value, less estimated selling costs, is charged to the ALLL . If the estimated fair value of the asset declines, a write-down is recorded through expense. The valuation of foreclosed assets is subjective in nature and may be adjusted in the future because of, among other factors, changes in the economic conditions. Deposits —Deposit liabilities are carried at cost. As such, valuation techniques discussed herein for deposits are primarily for estimating fair value for FASB ASC 825 disclosure purposes. The fair value of deposits is discounted based on rates available for time deposits of similar maturities. Fair value approximates book value for saving 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, the Company is 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). The Company’s derivatives are traded in an over-the-counter market where quoted market prices are not always available. Therefore, the fair values of derivatives are determined using quantitative models that utilize multiple market inputs. The inputs will vary based on the type of derivative, but could include interest rates, prices, and indices to generate continuous yield or pricing curves, prepayment rate, and volatility factors to value the position. The majority of market inputs is actively quoted and can be validated through external sources, including brokers, market transactions and third-party pricing services. Accrued Interest Payable —This liability is carried at historical cost. The carrying amount is a reasonable estimate of fair value because of the relatively short time between the origination of the instrument and its expected realization. Commitments to Extend Credit and Letters of Credit — The majority of the Company’s commitments to extend credit and letters of credit carry current market interest rates if converted to loans and are not included in the table below. Because commitments to extend credit and letters of credit are generally unassignable by either the Bank or the borrower, they only have value to the Company and the borrower. The estimated fair value approximates the recorded deferred fee amounts, which are not significant. Mortgage Servicing Rights —The fair value of mortgage servicing rights is based on observable market prices when available or the present value of expected future cash flows when not available. Assumptions, such as loan default rates, costs to service, and prepayment speeds significantly affect the estimate of future cash flows. The carrying amount and estimated fair value of the Company’s financial instruments as of June 30, 2022 and September 30, 2021 are presented below: June 30, 2022 Carrying Amount Fair Value Level 1 Level 2 Level 3 (In thousands) Financial assets: Cash and cash equivalents $ 39,759 $ 39,759 $ 39,759 $ - $ - Investment securities available-for-sale 53,080 53,080 - 53,080 - Investment securities held-to-maturity 52,350 46,670 - 46,670 - Equity investment securities 1,412 1,412 945 - 500 Loans held for sale 13,863 13,863 - - 13,863 Loans receivable, net (including impaired loans) 805,957 782,682 - - 782,682 Accrued interest receivable 3,671 3,671 - 3,671 - Restricted stock 6,027 6,027 - 6,027 - Mortgage servicing rights (included in Other Assets) 91 111 - 111 - Derivatives (included in Other Assets) 4,690 4,690 - 4,690 - Financial liabilities: Savings accounts 54,183 54,183 - 54,183 - Checking and NOW accounts 327,263 327,263 - 327,263 - Money market accounts 301,165 301,165 - 301,165 - Certificates of deposit 109,082 108,359 - 108,359 - Borrowings (excluding sub debt) 60,000 59,955 - 59,955 - Subordinated debt 25,000 25,988 - 25,027 - Derivatives (included in Other Liabilities) 1,842 1,842 - 1,842 - Accrued interest payable 350 350 - 350 - September 30, 2021 Carrying Amount Fair Value Level 1 Level 2 Level 3 (In thousands) 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 investment securities 1,500 1,500 1,000 - 500 Loans receivable, net (including impaired loans) 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 -

Comprehensive (Loss) Income

Comprehensive (Loss) Income	9 Months Ended
	Jun. 30, 2022
Equity [Abstract]
Comprehensive (Loss) Income	Note 10 – Comprehensive (Loss) Income Other comprehensive (loss) income and related tax effects are presented in the following table: Three Months Ended June 30, Nine Months Ended June 30, 2022 2021 2022 2021 (In thousands) Net unrealized holding (losses) gains on available-for-sale securities $ (2,258 ) $ 671 $ (4,995 ) $ 1,135 Reclassification adjustment for net gains arising during the period (1) - (165 ) - (779 ) Amortization of unrealized holding losses on securities transferred from available-for-sale to held-to-maturity (2) 2 1 6 3 Adjustment for loss recorded on replacement of derivative - (3 ) - (7 ) Fair value adjustments on derivatives 623 194 2,875 1,034 Other comprehensive (loss) income before taxes (1,633 ) 698 (2,114 ) 1,386 Tax effect 342 (148 ) 440 (292 ) Total other comprehensive (loss) income $ (1,291 ) $ 550 $ (1,674 ) $ 1,094 (1) Amounts are included in net gains on sale and call of investments on the Consolidated Statements of Income in total other income. (2) Amounts are included in interest and dividends on investment securities on the Consolidated Statements of Income.

Equity Based Compensation

Equity Based Compensation	9 Months Ended
	Jun. 30, 2022
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Equity Based Compensation	Note 11 – Equity Based Compensation The Company maintains the Malvern Bancorp, Inc. 2014 Long-Term Incentive Compensation Plan (the “2014 Plan”), which permits the grant of long-term incentive and other stock and cash awards. The purpose of the 2014 Plan is to promote the success of the Company and the Bank by providing incentives to officers, employees and directors of the Company and the Bank that will link their personal interests to the financial success of the Company and to growth in shareholder value. The maximum total number of shares of the Company’s common stock available for grants under the 2014 Plan is 400,000. As of June 30, 2022, there were 279,440 remaining shares available for future grants. Restricted stock and option awards granted typically vest annually in 20% 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. The Company awarded 6,000 stock options during the nine months ended June 30, 2022. For the nine months ended June 30, 2022, 2,000 stock options were forfeited and expired. Total compensation expense related to stock options granted under the 2014 Plan was approximately $8,000 and $26,000 for the three and nine months ended June 30, 2022 and $7,000 and $23,000 for the three and nine months ended June 30, 2021. The Company awarded 13,848 shares of restricted stock during the nine months ended June 30, 2022 and 12,363 shares of restricted stock during the nine months ended June 30, 2021. Of the 13,848 shares issued during the nine months ended June 30, 2022, 4,517 were fully vested and issued at a cost of $68,000. There were 2,336 shares of restricted stock forfeited during the nine months ended June 30, 2022 and there were no shares forfeited during nine months ended June 30, 2021. Stock-based compensation expense for the cost of the restricted stock awards granted is based on the grant-date fair value. For stock option awards, the fair value is estimated at the date of grant using the Black-Scholes option-pricing model. This model requires the input of highly subjective assumptions, changes to which can materially affect the fair value estimate. Additionally, there may be other factors that would otherwise have a significant effect on the value of employee stock options granted but are not considered by the model. Accordingly, while management believes that the Black-Scholes option-pricing model provides a reasonable estimate of fair value, the model does not necessarily provide the best single measure of fair value for the Company’s employee stock options. Stock Options The assumptions used in determining the fair value of stock option grants for the nine months ended June 30, 2022 are as follows: Weighted Average Fair Value of Awards $ 5.93 Risk Free Rate 3.03 % Dividend Yield -% Volatility 30.04 % Expected Life 6.5 years The assumptions used in determining the fair value of stock option grants for the nine months ended June 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 following is a summary of stock option activity for the nine months ended June 30, 2022 Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term (In Years) Aggregate Intrinsic Value Outstanding, beginning of year 32,830 $ 20.96 6.875 $ 1,940 Granted 6,000 $ 16.05 9.843 $ - Exercised - $ - - $ - Forfeited/cancelled/expired 2,000 $ 19.49 - $ - Outstanding, at June 30, 2022 36,830 $ 20.24 7.080 $ 220 Exercisable, at June 30, 2022 18,880 $ 21.50 5.816 $ 100 Nonvested, at June 30, 2022 17,950 $ 18.90 8.410 $ 120 The following is a summary of stock option activity for the nine months ended June 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, at June 30, 2021 32,830 $ 20.96 6.445 $ 4,860 Exercisable, at June 30, 2021 13,310 $ 21.53 8.461 $ 4,860 Nonvested, at June 30, 2021 19,520 $ 20.56 As of June 30, 2022, there was 93,000 of total unrecognized compensation cost related to unvested stock options under the 2014 Plan. The cost is expected to be recognized over a weighted average period of 3.56 years. Restricted Stock Awards The table below summarizes the activity for the Company’s stock awards outstanding during the nine months ended June 30, 2022 and 2021: Shares Weighted Average Fair Value Outstanding, beginning of year 31,486 $ 21.10 Granted 13,848 $ 15.84 Vested (14,745 ) $ 21.77 Forfeited/cancelled/expired (2,336 ) $ 19.98 Outstanding, at June 30, 2022 28,253 $ 18.26 Shares Weighted Average Fair Value Outstanding, beginning of year 30,653 $ 21.98 Granted 12,363 $ 18.69 Vested (11,851 ) $ 20.87 Forfeited/cancelled/expired - $ - Outstanding, at June 30, 2021 31,165 $ 21.09 As of June 30, 2022, there was $460,000 of total unrecognized compensation cost related to unvested shares of restricted stock granted under the 2014 Plan. The cost is expected to be recognized over a weighted average period of 3.31 years.

Deposits

Deposits	9 Months Ended
	Jun. 30, 2022
Deposits [Abstract]
Deposits	Note 12 – Deposits Deposits classified by type with percentages to total deposits at June 30, 2022 and September 30, 2021 consisted of the following: June 30, September 30, 2022 2021 (Dollars in thousands) Balances by types of deposit: Savings $ 54,184 6.84 % $ 50,582 5.39 % Money market accounts 301,165 38.04 385,480 41.09 Interest-bearing demand 270,532 34.17 336,645 35.88 Non-interest-bearing demand 56,731 7.17 53,849 5.74 682,612 86.22 826,556 88.10 Certificates of deposit 109,082 13.78 111,603 11.90 Total Deposits $ 791,694 100.00 % $ 938,159 100.00 % The total amount of certificates of deposit greater than or equal to $250,000 at June 30, 2022 and September 30, 2021 was $17.1 million and $16.9 million, respectively. The Company had brokered deposits totaling $9.1 million and $6.1 million at June 30, 2022 and September 30, 2021, respectively. Interest expense on deposits consisted of the following: Three Months Ended June 30 Nine Months Ended June 30, 2022 2021 2022 2021 (In thousands) Savings accounts $ 11 $ 13 $ 37 $ 47 Money market accounts 206 586 703 2,053 Interest-bearing demand 315 431 839 1,457 Certificates of deposit 280 416 1,106 1,951 Total $ 812 $ 1,446 $ 2,685 $ 5,508 As of June 30, 2022, the scheduled maturities of certificates of deposits are as follows: Scheduled Maturities (In thousands) Period Ending June 30, 2023 $ 56,284 2024 34,625 2025 7,554 2026 6,590 2027 2,844 Thereafter 1,186 Total $ 109,082 As of June 30, 2022, the scheduled maturities of certificates of deposits in amounts greater than $100,000 are as follows: Scheduled Maturities (In thousands) Three months or less $ 8,748 Over three through six months 9,075 Over six through twelve months 13,405 Over twelve months 29,709 Total $ 60,937

Subordinated Debt

Subordinated Debt	9 Months Ended
	Jun. 30, 2022
Debt Disclosure [Abstract]
Subordinated Debt	Note 13 – Subordinated Debt On February 7, 2017, the Company issued $25.0 million in aggregate principal amount of its 6.125% fixed-to-floating rate subordinated notes (the “Notes”). From February 7, 2017 to February 15, 2022, the Notes had a fixed rate of 6.125%. During the period ended March 31, 2022, the rate on the Notes converted from fixed to a variable interest rate. The rate at June 30, 2022 was 5.10%. All costs related to 2017 issuance have been amortized. As of June 30, 2022, the Notes bear interest until the maturity date or early redemption date at a variable rate equal to the then current three-month LIBOR rate plus 414.5 basis points.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Basis of Financial Statement Presentation	Basis of financial statement presentation. The unaudited condensed consolidated financial statements of the Company include the accounts of the Company and its subsidiaries. All significant intercompany accounts and transactions have been eliminated in consolidation. The accompanying unaudited condensed consolidated financial statements present the Company’s financial condition at June 30, 2022 and the results of operations for the three and nine months ended June 30, 2022 and 2021, and cash flows for the nine months ended June 30, 2022 and 2021. The consolidated statement of financial condition as of September 30, 2021 was derived from the audited consolidated statement of financial condition as of that date. In management’s opinion, the unaudited condensed consolidated financial statements contain all adjustments, which include normal and recurring adjustments, necessary for a fair presentation of the financial position and results of operations as of the dates and for the interim periods presented. These unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and note disclosures included in the 2021 Annual Report filed with the SEC. The consolidated statements of income for the three and nine months ended June 30, 2022 and the consolidated statements of cash flows for the nine months ended June 30, 2022 are not necessarily indicative of the results of operations or cash flows for the full year ending September 30, 2022 or any interim period.
Recent Accounting Pronouncements Yet to Be Adopted	Recent Accounting Pronouncements Yet to Be Adopted Credit Losses. In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“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. As amended, ASU is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. T he Company is currently evaluating the effects that the adoption of this amendment will have on its consolidated financial statements. In March 2022, the FASB issued ASU 2022-02, Financial Instruments—Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures. These amendments eliminate the TDR recognition and measurement guidance and, instead, require that an entity evaluate (consistent with the accounting for other loan modifications) whether the modification represents a new loan or a continuation of an existing loan. The amendments also enhance existing disclosure requirements and introduce new requirements related to certain modifications of receivables made to borrowers experiencing financial difficulty. For public business entities, these amendments require that an entity disclose current-period gross writeoffs by year of origination for financing receivables and net investment in leases within the scope of Subtopic 326-20. This ASU is effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. The Company is currently evaluating the effects that the adoption of this amendment will have on its consolidated financial statements. Reference Rate Reform. In March 2020, the FASB issued ASU No. 2020-04, Reference Rate Reform (Topic 848) . The guidance allows for companies to: (1) account for certain contract modifications as a continuation of the existing contract without additional analysis; (2) continue hedge accounting when certain critical terms of a hedging relationship change and assess effectiveness in ways that disregard certain potential sources of ineffectiveness; and (3) make a one-time sale and/or transfer of certain debt securities from held-to-maturity to available-for-sale or trading. This ASU is available for adoption 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. ASU 2020-04 is effective March 12, 2020, through December 31, 2022. The Company has elected certain optional expedients related to hedge accounting and will continue to monitor and assess the impact as the reference rate transition occurs over the next two years and proactively adopt applicable expedient(s). In connection with ongoing procedures to monitor the work of the Alternative Rates Committee of the Federal Reserve Board (“FRB”) and Federal Reserve Bank of New York in identifying an alternative U.S. dollar reference interest rate the bank will continue to assess the Secured Overnight Financing Rate (“SOFR”) as the currently identified benchmark rate. Derivatives and Hedging. I n March 2022, FASB ASU No. 2022-01, Derivatives and Hedging (Topic 815): Fair Value Hedging—Portfolio Layer Method. This update will allow non-prepayable financial assets to be included in a closed portfolio hedge using the portfolio method, rather than only prepayable assets. It also allows entities to hedge multiple layers rather than just a single layer of closed portfolio of financial assets or one or more beneficial interests secured by a portfolio of financial instruments. The guidance is effective for public business entities for fiscal years and interim periods within those fiscal years, beginning after December 15, 2022. The Company is currently evaluating the effects, if any, that the adoption of this amendment will have on its consolidated financial statements.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Jun. 30, 2022
Earnings Per Share [Abstract]
Schedule of composition of weighted average shares (denominator) used in earnings per share computations	The following table sets forth the composition of the weighted average shares (denominator) used in the earnings per share computations: Three Months Ended June 30, Nine Months Ended June 30, 2022 2021 2022 2021 (In thousands, except share and per share data) Net Income $ 1,834 $ 1,601 $ 4,373 $ 6,098 Weighted average shares outstanding 7,632,351 7,622,316 7,626,026 7,614,074 Average unearned ESOP shares (62,545 ) (76,945 ) (66,158 ) (80,558 ) Basic weighted average shares outstanding 7,569,806 7,545,371 7,559,868 7,533,516 Plus: effect of potential dilutive common stock equivalents - stock options 4,460 829 737 552 Diluted weighted average common shares outstanding 7,574,266 7,546,200 7,560,605 7,534,068 Earnings per common share: Basic $ 0.24 $ 0.21 $ 0.58 $ 0.81 Diluted $ 0.24 $ 0.21 $ 0.58 $ 0.81

Investment Securities (Tables)

Investment Securities (Tables)	9 Months Ended
	Jun. 30, 2022
Investments Debt And Equity Securities [Abstract]
Schedule of Investment securities	The following tables present information related to the Company’s investment securities at June 30, 2022 and September 30, 2021: June 30, 2022 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value (In thousands) Investment Securities Available-for-Sale: U.S. government agencies $ 5,000 $ - $ (1,070 ) $ 3,930 State and municipal obligations 12,101 - (1,676 ) 10,425 Single issuer trust preferred security 1,000 - (81 ) 919 Corporate debt securities 35,990 29 (1,945 ) 34,074 MBS Securities 2,442 - (175 ) 2,267 U.S. Treasury Note 1,485 - (20 ) 1,465 Total 58,018 29 (4,967 ) 53,080 Investment Securities Held-to-Maturity: U.S. government agencies 23,500 - (3,433 ) 20,067 State and municipal obligations 18,088 5 (1,582 ) 16,511 Corporate debt securities 3,294 - (25 ) 3,269 Mortgage-backed securities: Mortgage Backed Security ("MBS"), fixed-rate 2,311 - (359 ) 1,952 Collateralized mortgage obligations (“CMO”), fixed-rate 5,157 - (286 ) 4,871 Total 52,350 5 (5,685 ) 46,670 Equity Securities: Mutual Funds 1,500 - (88 ) 1,412 Total 1,500 - (88 ) 1,412 Total investment securities $ 111,868 $ 34 $ (10,740 ) $ 101,162 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: Mortgage-backed security ("MBS"), fixed-rate 2,461 - (13 ) 2,448 Collateralized mortgage obligations (“CMO”), fixed-rate 6,601 129 - 6,730 Total 28,507 468 (62 ) 28,913 Equity Securities: Mutual Funds 1,500 - - 1,500 Total 1,500 - - 1,500 Total investment securities $ 70,763 $ 712 $ (249 ) $ 71,226
Schedule of aggregate investments in an unrealized loss position	The following tables indicate gross unrealized losses not recognized in income and fair value, aggregated by investment category, and the length of time individual securities have been in a continuous unrealized loss position at June 30, 2022 and September 30, 2021: June 30, 2022 Less than 12 Months 12 Months or more Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses (In thousands) Investment Securities Available for Sale: U.S. government agencies $ 3,930 $ (1,070 ) $ - $ - $ 3,930 $ (1,070 ) State and municipal obligations 10,425 (1,676 ) - - 10,425 (1,676 ) Single issuer trust preferred security - - 919 (81 ) 919 (81 ) Corporate debt securities 30,630 (1,860 ) 1,415 (85 ) 32,045 (1,945 ) MBS Securities 2,267 (175 ) - - 2,267 (175 ) U.S. Treasury Note 1,465 (20 ) 1,465 (20 ) Total $ 48,717 $ (4,801 ) $ 2,334 $ (166 ) $ 51,051 $ (4,967 ) September 30, 2021 Less than 12 Months 12 Months or more 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 investment securities $ 15,287 $ (35 ) $ 3,848 $ (152 ) $ 19,135 $ (187 )
Schedule of amortized cost and fair value of debt securities by contractual maturity	The following table presents information for investment securities at June 30, 2022, based on scheduled maturities. Actual maturities can be expected to differ from scheduled maturities due to prepayment or early call options of the issuer. June 30, 2022 Amortized Cost Fair Value (In thousands) Available-for-Sale: Over 1 year through 5 years $ 6,221 $ 6,034 After 5 years through 10 years 32,814 31,047 Over 10 years 16,541 13,732 Mortgage-backed securities: Mortgage Backed Security ("MBS"), fixed-rate 2,442 2,267 Total Available-for-sale securities 58,018 53,080 Held-to-Maturity: Within 1 year 253 252 Over 1 year through 5 years 9,986 9,875 After 5 years through 10 years 3,119 2,769 Over 10 years 31,524 26,951 Mortgage-backed securities: Mortgage Backed Security ("MBS"), fixed-rate 2,311 1,952 Collateralized mortgage obligations (“CMO”), fixed-rate 5,157 4,871 Total Held-to-maturity securities 52,350 46,670 Equity Securities: Within 1 year 500 500 After 5 years through ten years 1,000 912 Total Equity securities 1,500 1,412 Total investment securities $ 111,868 $ 101,162

Loans Receivable and Related _2

Loans Receivable and Related Allowance for Loan Losses (Tables)	9 Months Ended
	Jun. 30, 2022
Receivables [Abstract]
Schedule of loans receivable	Loans receivable in the Company’s portfolio consisted of the following at the dates indicated below: June 30, 2022 September 30, 2021 (In thousands) Residential mortgage $ 176,499 $ 198,710 Construction and Development: Residential and commercial 20,459 61,492 Land 2,054 2,204 Total Construction and Development 22,513 63,696 Commercial: Commercial real estate 407,783 426,915 Farmland 15,348 10,297 Multi-family 54,879 66,332 Commercial and industrial 104,504 115,246 Other 13,954 10,954 Total Commercial 596,468 629,744 Consumer: Home equity lines of credit 12,432 13,491 Second mortgages 4,605 5,884 Other 2,183 2,299 Total Consumer 19,220 21,674 Total loans 814,700 913,824 Deferred loan costs, net 566 629 Allowance for loan losses (9,309 ) (11,472 ) Total loans receivable, net $ 805,957 $ 902,981
Schedule of allowance for loan losses	The following tables summarize the primary classes of the allowance for loan losses (“ALLL”), segregated into the amount required for loans individually evaluated for impairment and the amount required for loans collectively evaluated for impairment, as of June 30, 2022 and September 30, 2021. Activity in the ALLL is presented for the three and nine months ended June 30, 2022 and 2021 and the fiscal 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 Allowance for loan losses: (In thousands) Three Months Ended June 30, 2022 Beginning balance $ 814 $ 152 $ 27 $ 6,205 $ 274 $ 327 $ 1,198 $ - $ 78 $ 100 $ 17 $ 109 $ 9,301 Charge-offs - - - - - - - - - - - - - Recoveries 3 - - 1 - - 1 - - 3 - - 8 Provisions (107 ) (42 ) (16 ) 19 (194 ) (31 ) (21 ) 58 (15 ) (63 ) (3 ) 415 - Ending balance $ 710 $ 110 $ 11 $ 6,225 $ 80 $ 296 $ 1,178 $ 58 $ 63 $ 40 $ 14 $ 524 $ 9,309 Construction and Development Commercial Consumer Residential Mortgage Residential and Commercial Land Commercial Real Estate Farmland Multi- Family Commercial and Industrial Other Home Equity Lines of Credit Second Mortgages Other Unallocated Total Allowance for loan losses: (In thousands) Three Months Ended June 30, 2021 Beginning balance $ 1,428 $ 532 $ 24 $ 8,377 $ 35 $ 506 $ 557 $ 49 $ 119 $ 114 $ 25 $ 835 $ 12,601 Charge-offs - - - (645 ) - - (379 ) - - - - - (1,024 ) Recoveries - - - - - - 1 - 15 6 1 - 23 Provisions (111 ) (97 ) (9 ) 607 21 (3 ) 471 5 (41 ) (16 ) (4 ) (823 ) - Ending balance $ 1,317 $ 435 $ 15 $ 8,339 $ 56 $ 503 $ 650 $ 54 $ 93 $ 104 $ 22 $ 12 $ 11,600 Construction and Development Commercial Consumer Residential Mortgage Residential and Commercial Land Commercial Real Estate Farmland Multi- Family Commercial and Industrial Other Home Equity Lines of Credit Second Mortgages Other Unallocated Total Allowance for loan losses: (In thousands) Nine Months Ended June 30, 2022 Beginning balance $ 934 $ 428 $ 15 $ 7,043 $ 56 $ 450 $ 2,221 $ 54 $ 76 $ 87 $ 20 $ 88 $ 11,472 Charge-offs - - - - - - (2,194 ) - - (106 ) - - (2,300 ) Recoveries 4 - - 77 - - 1 - 1 54 - - 137 Provisions (228 ) (318 ) (4 ) (895 ) 24 (154 ) 1,150 4 (14 ) 5 (6 ) 436 - Ending balance $ 710 $ 110 $ 11 $ 6,225 $ 80 $ 296 $ 1,178 $ 58 $ 63 $ 40 $ 14 $ 524 $ 9,309 Ending balance: individually evaluated for impairment $ 56 $ - $ - $ - $ - $ - $ - $ - $ - $ 17 $ - $ - $ 73 Ending balance: collectively evaluated for impairment $ 654 $ 110 $ 11 $ 6,224 $ 80 $ 296 $ 1,178 $ 58 $ 63 $ 23 $ 14 $ 525 $ 9,236 Loans receivable: Ending balance $ 176,499 $ 20,459 $ 2,054 $ 407,783 $ 15,348 $ 54,879 $ 104,504 $ 13,954 $ 12,432 $ 4,605 $ 2,183 $ 814,700 Ending balance: individually evaluated for impairment $ 478 $ - $ - $ - $ - $ - $ - $ - $ - $ 58 $ - $ 536 Ending balance: collectively evaluated for impairment $ 176,021 $ 20,459 $ 2,054 $ 407,783 $ 15,348 $ 54,879 $ 104,504 $ 13,954 $ 12,432 $ 4,547 $ 2,183 $ 814,164 Construction and Development Commercial Consumer Residential Mortgage Residential and Commercial Land Commercial Real Estate Farmland Multi- Family Commercial and Industrial Other Home Equity Lines of Credit Second Mortgages Other Unallocated Total Allowance for loan losses: (In thousands) Nine Months Ended June 30, 2021 Beginning balance $ 1,667 $ 465 $ 23 $ 8,682 $ 47 $ 511 $ 578 $ 51 $ 130 $ 196 $ 29 $ 54 $ 12,433 Charge-offs - - - (1,128 ) - - (379 ) - - - (1 ) - (1,508 ) Recoveries 1 - - 1 - - 2 - 16 103 2 - 125 Provisions (351 ) (30 ) (8 ) 784 9 (8 ) 449 3 (53 ) (195 ) (8 ) (42 ) 550 Ending balance $ 1,317 $ 435 $ 15 $ 8,339 $ 56 $ 503 $ 650 $ 54 $ 93 $ 104 $ 22 $ 12 $ 11,600 Ending balance: individually evaluated for impairment $ - $ - $ - $ 1,287 $ - $ - $ - $ - $ - $ 37 $ - $ - $ 1,324 Ending balance: collectively evaluated for impairment $ 1,317 $ 435 $ 15 $ 7,052 $ 56 $ 503 $ 650 $ 54 $ 93 $ 67 $ 22 $ 12 $ 10,276 Loans receivable: Ending balance $ 201,737 $ 61,484 $ 2,253 $ 478,032 $ 10,335 $ 66,725 $ 97,955 $ 10,896 $ 12,822 $ 7,039 $ 2,372 $ 951,650 Ending balance: individually evaluated for impairment $ 3,561 $ - $ - $ 38,219 $ 2,265 $ - $ 3,124 $ - $ 24 $ 458 $ - $ 47,651 Ending balance: collectively evaluated for impairment $ 198,176 $ 61,484 $ 2,253 $ 439,813 $ 8,070 $ 66,725 $ 94,831 $ 10,896 $ 12,798 $ 6,581 $ 2,372 $ 903,999 Construction and Development Commercial Consumer Residential Mortgage Residential and Commercial Land Commercial Real Estate Farmland Multi- Family Commercial and Industrial Other Home Equity Lines of Credit Second Mortgages Other Unallocated Total Allowance for loan losses: (In thousands) Year Ended September 30, 2021 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
Schedule of impaired loans	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 June 30, 2022 and September 30, 2021: Impaired Loans with Specific Allowance Impaired Loans with No Specific Allowance Total Impaired Loans Recorded Investment Related Allowance Recorded Investment Recorded Investment Unpaid Principal Balance (In thousands) June 30, 2022 Residential mortgage $ 478 $ 56 $ 2,368 $ 2,847 $ 3,050 Commercial: Commercial real estate - - 13,777 13,777 15,476 Farmland - - 2,221 2,221 2,221 Commercial and industrial - - 968 968 3,642 Consumer: Home equity lines of credit - - 20 20 26 Second mortgages 58 17 182 240 294 Total impaired loans $ 536 $ 73 $ 19,536 $ 20,073 $ 24,709 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
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 loan portfolio and related interest income recognized for the three and nine months ended June 30, 2022 and 2021: Three Months Ended June 30, 2022 Nine Months Ended June 30, 2022 Average Impaired Loans Interest Income Recognized on Impaired Loans Average Impaired Loans Interest Income Recognized on Impaired Loans (In thousands) Residential mortgage $ 2,234 $ 29 $ 2,472 $ 95 Commercial: Commercial real estate 13,405 22 13,094 67 Farmland 2,226 20 2,236 59 Commercial and industrial 973 6 1,705 16 Consumer: Home equity lines of credit 21 - 17 - Second mortgages 863 1 816 3 Total $ 19,722 $ 78 $ 20,340 $ 240 Three Months Ended June 30, 2021 Nine Months Ended June 30, 2021 Average Impaired Loans Interest Income Recognized on Impaired Loans Average Impaired Loans Interest Income Recognized on Impaired Loans (In thousands) Residential mortgage $ 3,280 $ 22 $ 3,383 $ 56 Commercial: Commercial real estate 38,243 153 32,701 403 Farmland 2,265 31 1,766 50 Commercial and industrial 1,398 5 709 12 Consumer: Home equity lines of credit 24 - 51 - Second mortgages 776 2 711 5 Total $ 45,986 $ 213 $ 39,321 $ 526
Schedule of classes of loan portfolio	The following table presents the classes of the loan portfolio categorized as pass, special mention, substandard and doubtful within the Company’s internal risk rating system as of June 30, 2022 and September 30, 2021: Pass Special Mention Substandard Doubtful Total (In thousands) June 30, 2022: Residential mortgage $ 174,073 $ - $ 2,426 $ - $ 176,499 Construction and Development: Residential and commercial 20,459 - - - 20,459 Land 2,054 - - - 2,054 Commercial: Commercial real estate 364,341 42,738 704 - 407,783 Farmland 13,127 - 2,221 - 15,348 Multi-family 54,879 - - - 54,879 Commercial and industrial 98,657 - 5,847 - 104,504 Other 13,954 - - - 13,954 Consumer: Home equity lines of credit 12,340 - 92 - 12,432 Second mortgages 4,133 60 412 - 4,605 Other 2,183 - - - 2,183 Total $ 760,200 $ 42,798 $ 11,702 $ - $ 814,700 Pass Special Mention Substandard Doubtful Total (In thousands) September 30, 2021: 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
Schedule of loans that are no longer accruing interest by portfolio class	The following table presents loans that are no longer accruing interest as of June 30, 2022 and September 30, 2021, by portfolio class: June 30, 2022 September 30, 2021 (In thousands) Non-accrual loans: Residential mortgage $ 599 $ 879 Commercial: Commercial and industrial 280 2,517 Consumer: Home equity lines of credit 21 23 Second mortgages 175 278 Total non-accrual loans $ 1,075 $ 3,697
Schedule of classes of loan portfolio summarized by aging categories	The following table presents the classes of the loan portfolio categorized by the following aging categories as of June 30, 2022 and September 30, 2021 : Current 30-59 Days Past Due 60-89 Days Past Due 90 Days and More Past Due Total Past Due Total Loans Receivable Loans Receivable > 90 Days and Accruing (In thousands) June 30, 2022: Residential mortgage $ 172,846 $ 3,221 $ 72 $ 359 $ 3,652 $ 176,499 $ 172 Construction and Development: Residential and commercial 20,459 - - - - 20,459 - Land 2,054 - - - - 2,054 - Commercial: Commercial real estate 407,418 165 - 200 365 407,783 200 Farmland 15,348 - - - - 15,348 - Multi-family 54,879 - - - - 54,879 - Commercial and industrial 104,129 - 95 280 375 104,504 - Other 13,955 - - - - 13,954 - Consumer: Home equity lines of credit 12,432 - - - - 12,432 - Second mortgages 4,497 72 - 37 109 4,605 29 Other 2,177 5 - - 5 2,183 - Total $ 810,194 $ 3,463 $ 167 $ 876 $ 4,506 $ 814,700 $ 401 Current 30-59 Days Past Due 60-89 Days Past Due 90 Days and More Past Due Total Past Due Total Loans Receivable Loans Receivable > 90 Days and Accruing (In thousands) 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 $ -
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 $132,000 and $185,000 of residential real estate properties in the process of foreclosure at June 30, 2022 and September 30, 2021, respectively. The following table presents total TDRs as of June 30, 2022 and September 30, 2021: Total Troubled Debt Restructurings Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months Number of Loans Recorded Investment Number of Loans Recorded Investment (Dollars in thousands) June 30, 2022: Residential mortgage 14 $ 2,660 - $ - Commercial: Commercial real estate 3 595 2 986 Farmland 1 2,221 - - Commercial and industrial 1 625 - - Consumer: Second mortgages 3 65 - - Total 22 $ 6,166 2 $ 986 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
Schedule of performing status of TDR loans	The following table reports the performing status of all TDR loans as of June 30, 2022 and September 30, 2021. The performing status is determined by a loan’s compliance with the modified terms: June 30, 2022 September 30, 2021 Performing Non- Performing Performing Non- Performing (In thousands) Residential mortgage $ 2,248 $ 412 $ 2,540 $ 640 Commercial: Commercial real estate 595 - 12,180 - Farmland 2,221 - 2,254 - Commercial and industrial 625 - 549 - Consumer: Second mortgages 65 - 78 - Total $ 5,754 $ 412 $ 17,601 $ 640
Schedule of new TDR's	The following tables show the new TDRs for the nine months ended , 2022 and 2021: For the Nine Months Ended June 30, 2022 2021 Number of Contracts Pre- Modifications Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment Number of Contracts Pre- Modifications Outstanding Recorded Investment Post- Modification Outstanding Recorded Investment (Dollars in thousands) Troubled Debt Restructurings: Residential mortgage 1 $ 482 $ 482 - $ - $ - Commercial: Commercial real estate - - - - - - Farmland - - - 1 2,287 2,287 Commercial and industrial 1 504 504 1 549 549 Total troubled debt restructurings 2 $ 986 $ 986 2 $ 2,836 $ 2,836
Schedule of composition of loans by loan segment	The following tables set forth the composition of these loans by loan segments as of June 30, 2022 and September 30, 2021: June 30 ,2022 Number of Loans Loan Modified Exposure Gross Loans Percentage of Gross Loans Modified (Dollars in thousands) Residential mortgage - $ - $ 176,499 0.00 % Construction and Development: Residential and commercial - - 20,459 0.00 % Land loans - - 2,054 0.00 % Total Construction and Development - - 22,513 0.00 % Commercial: Commercial real estate 4 42,093 407,783 5.17 % Farmland - - 15,348 0.00 % Multi-family - - 54,879 0.00 % Commercial and industrial - - 104,504 0.00 % Other - - 13,954 0.00 % Total Commercial 4 42,093 596,468 5.17 % Consumer: Home equity lines of credit - - 12,432 0.00 % Second mortgages - - 4,605 0.00 % Other - - 2,183 0.00 % Total Consumer - - 19,220 0.00 % Total loans 4 $ 42,093 $ 814,700 5.17 % September 30, 2021 Number of Loans Loan Modified Exposure Gross Loans 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 %

Regulatory Matters (Tables)

Regulatory Matters (Tables)	9 Months Ended
	Jun. 30, 2022
Regulatory Matters Disclosure [Abstract]
Schedule of actual capital amounts and ratios	The following table summarizes the Company’s compliance with applicable regulatory capital requirements as of June 30, 2022 and September 30, 2021: Actual For Capital Adequacy Purposes Amount Ratio Amount Ratio (Dollars in thousands) As of June 30, 2022 Tier 1 Leverage (Core) Capital (to adjusted assets) $ 146,928 13.77 % $ 42,680 4.00 % Common Equity Tier 1 Capital (to risk weighted assets) 146,928 16.87 % 39,196 4.50 % Tier 1 Capital (to risk weighted assets) 146,928 16.87 % 52,261 6.00 % Total Risk Based Capital (to risk weighted assets) 181,319 20.82 % 69,681 8.00 % As of September 30, 2021 Tier 1 Leverage (Core) Capital (to adjusted assets) $ 142,132 11.84 % $ 48,020 4.00 % Common Equity Tier 1 Capital (to risk weighted assets) 142,132 14.53 % 44,024 4.50 % Tier 1 Capital (to risk weighted assets) 142,132 14.53 % 58,699 6.00 % Total Risk Based Capital (to risk weighted assets) 178,620 18.26 % 78,265 8.00 % (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 June 30 The following table summarizes the Bank’s compliance with applicable regulatory capital requirements as of June 30, 2022 and September 30, 2021: Actual Minimum For Capital Adequacy Purposes Minimum To be Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio Amount Ratio Amount Ratio (Dollars in thousands) As of June 30, 2022 Tier 1 Leverage (Core) Capital (to adjusted assets) $ 163,237 15.33 % $ 42,590 4.00 % $ 53,237 5.00 % Common Equity Tier 1 Capital (to risk weighted assets) 163,237 18.79 % 39,091 4.50 % 56,465 6.50 % Tier 1 Capital (to risk weighted assets) 163,237 18.79 % 52,122 6.00 % 69,496 8.00 % Total Risk Based Capital (to risk weighted assets) 172,628 19.87 % 69,496 8.00 % 86,870 10.00 % As of September 30, 2021 Tier 1 Leverage (Core) Capital (to adjusted 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 %

Derivatives and Hedging Activ_2

Derivatives and Hedging Activities (Tables)	9 Months Ended
	Jun. 30, 2022
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Schedule of effects of derivative instruments on the Consolidated Financial Statements	The tables below present the fair value of the Company’s derivative financial instruments as well as their classification on the Consolidated Statements of Financial Condition as of June 30, 2022 and September 30, 2021: ` June 30, 2022 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 $ 60,000 $ 2,848 Other assets $ — $ — Other liabilities Derivatives not designated as a hedging instrument: Interest rate swap agreement $ 44,334 $ 1,841 Other assets $ 44,334 $ 1,842 Other liabilities 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
Schedule of offsetting of derivative assets and liabilities	The tables below present the derivative assets and liabilities offsetting as of June 30, 2022 and September 30, 2021: Offsetting of Derivative Assets (In thousands) as of June 30, 2022 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 $ 4,690 $ - $ 4,690 $ 278 $ - $ 4,412 Offsetting of Derivative Liabilities (In thousands) as of June 30, 2022 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 $ 1,842 $ - $ 1,842 $ 278 $ - $ 1,564 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 )
Schedule of net gains (losses) recorded in accumulated other comprehensive income (loss) and the Consolidated Statements of Income	The tables below present the net gains (losses) recorded in accumulated other comprehensive income (loss) and the Consolidated Statements of Income relating to the cash flow derivative instruments for the three and nine months ended June 30, 2022 and 2021: Three Months Ended June 30, 2022 Amount of Gain Recognized in OCI on Derivative Amount of Gain Reclassified from OCI to Interest Expense (In thousands) Interest rate swap agreements $ 658 $ 36 Total derivatives 658 36 Three Months Ended June 30, 2021 Amount of Loss Recognized in OCI on Derivative Amount of Loss Reclassified from OCI to Interest Expense (In thousands) Interest rate swap agreements $ (40 ) $ (231 ) Total derivatives (40 ) (231 ) Nine Months Ended June 30, 2022 Amount of Loss Recognized in OCI on Derivative Amount of Loss Reclassified from OCI to Interest Expense (In thousands) Interest rate swap agreements $ 2,800 $ (75 ) Total derivatives 2,800 (75 ) Nine Months Ended June 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 $ 274 $ (754 ) Total derivatives 274 (754 )
Schedule of effects of derivative instruments on Consolidated Statements of Operations	The tables below present the effect of the Company’s derivative financial instruments on the Consolidated Statements of Operations for the three and nine months ended June 30, 2022 and 2021: Three Months Ended June 30, 2022 Consolidated Statements of Income Amount of Gain Recognized in Income on derivatives (In thousands) Derivatives not designated as a hedging instrument: Interest rate swap agreement Other income $ 1 Total $ 1 Three Months Ended June 30, 2021 Consolidated Statements of Income Amount of Loss Recognized in Income on derivatives (In thousands) Derivatives not designated as a hedging instrument: Interest rate swap agreement Other income $ (1 ) Total $ (1 ) Nine Months Ended June 30, 2022 Consolidated Statements of Income Amount of Loss Recognized in Income on derivatives (In thousands) Derivatives not designated as a hedging instrument: Interest rate swap agreement Other income $ 3 Total $ 3 Nine Months Ended June 30, 2021 Consolidated Statements of Income Amount of Loss Recognized in Income on derivatives (In thousands) Derivatives not designated as a hedging instrument: Interest rate swap agreement Other income $ (2 ) Total $ (2 )

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Jun. 30, 2022
Fair Value Disclosures [Abstract]
Schedule of balances of assets measured at fair value on a recurring basis	The tables below present the balances of assets measured at fair value on a recurring basis as of June 30, 2022 and September 30, 2021: June 30, 2022 Total Level 1 Level 2 Level 3 (In thousands) Assets: Investment securities available for sale: Debt securities: U.S. government agencies 3,930 $ - $ 3,930 $ - State and municipal obligations 10,425 - 10,425 - Single issuer trust preferred security 919 - 919 - Corporate debt securities 34,074 - 34,074 - Mortgage backed securities 2,267 - 2,267 - U.S. treasury note 1,465 - 1,465 - Total investment Securities available -for-sale 53,079 - 53,079 - Equity Securities: Mutual Funds 1,412 912 - 500 Total equity investment securities 1,412 912 - 500 Total investment securities available for sale $ 54,491 $ 912 $ 53,079 $ 500 Assets: Derivative instruments $ 4,690 $ - $ 4,690 $ - Liabilities: Derivative instruments $ 1,842 $ - $ 1,842 $ - 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 Funds 1,500 1,000 - 500 Total equity investment securities 1,500 1,000 - 500 Total investment securities available for sale $ 42,313 $ 1,000 $ 40,813 $ 500 Assets: Derivative instruments $ 4,685 $ - $ 4,685 $ - Liabilities: Derivative instruments $ 4,720 $ - $ 4,720 $ -
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 equity securities measured at fair value on a recurring basis and for which the Company utilized significant unobservable inputs (Level 3 inputs) to determine fair value for the nine months ended June 30, 2022 and June 30, 2021 Fair value measurements using significant unobservable inputs (Level 3) (In thousands) Balance, October 1, 2021 $ 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, June 30, 2022 $ 500 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, June 30, 2021 $ 500
Schedule of assets measured at fair value on a non recurring basis	For assets measured at fair value on a nonrecurring basis that were still held at the end of the period, the following tables provide the level of valuation assumptions used to determine each adjustment and the carrying value of the related individual assets or portfolios at June 30, 2022 and September 30, 2021: June 30, 2022 Total Level 1 Level 2 Level 3 (In thousands) Other real estate owned $ 4,763 $ - $ - $ 4,763 Impaired loans (1) 14,368 - - 14,368 Total $ 19,131 $ - $ - $ 19,131 June 30, 2022 Fair Value at June 30, 2022 Valuation Technique Unobservable Input Range/(Weighted Average) (Dollars in thousands) Other real estate owned $ 4,763 Appraisal of Collateral(2) Collateral discount(3) 4%/(4%) Impaired loans (1) 14,368 Appraisal of Collateral(2) Collateral discount(3) 6%/(12%) Total $ 19,131 (1) Consisted of three loans with an aggregate balance of $14.2 million and with $73,000 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. 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) (Dollars 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%)-(12.0%)/(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.
Schedule of carrying amount and estimated fair value of the Company's financial instruments	The carrying amount and estimated fair value of the Company’s financial instruments as of June 30, 2022 and September 30, 2021 are presented below: June 30, 2022 Carrying Amount Fair Value Level 1 Level 2 Level 3 (In thousands) Financial assets: Cash and cash equivalents $ 39,759 $ 39,759 $ 39,759 $ - $ - Investment securities available-for-sale 53,080 53,080 - 53,080 - Investment securities held-to-maturity 52,350 46,670 - 46,670 - Equity investment securities 1,412 1,412 945 - 500 Loans held for sale 13,863 13,863 - - 13,863 Loans receivable, net (including impaired loans) 805,957 782,682 - - 782,682 Accrued interest receivable 3,671 3,671 - 3,671 - Restricted stock 6,027 6,027 - 6,027 - Mortgage servicing rights (included in Other Assets) 91 111 - 111 - Derivatives (included in Other Assets) 4,690 4,690 - 4,690 - Financial liabilities: Savings accounts 54,183 54,183 - 54,183 - Checking and NOW accounts 327,263 327,263 - 327,263 - Money market accounts 301,165 301,165 - 301,165 - Certificates of deposit 109,082 108,359 - 108,359 - Borrowings (excluding sub debt) 60,000 59,955 - 59,955 - Subordinated debt 25,000 25,988 - 25,027 - Derivatives (included in Other Liabilities) 1,842 1,842 - 1,842 - Accrued interest payable 350 350 - 350 - September 30, 2021 Carrying Amount Fair Value Level 1 Level 2 Level 3 (In thousands) 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 investment securities 1,500 1,500 1,000 - 500 Loans receivable, net (including impaired loans) 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 -

Comprehensive (Loss) Income (Ta

Comprehensive (Loss) Income (Tables)	9 Months Ended
	Jun. 30, 2022
Equity [Abstract]
Schedule of other comprehensive income (loss) and related tax effects	Other comprehensive (loss) income and related tax effects are presented in the following table: Three Months Ended June 30, Nine Months Ended June 30, 2022 2021 2022 2021 (In thousands) Net unrealized holding (losses) gains on available-for-sale securities $ (2,258 ) $ 671 $ (4,995 ) $ 1,135 Reclassification adjustment for net gains arising during the period (1) - (165 ) - (779 ) Amortization of unrealized holding losses on securities transferred from available-for-sale to held-to-maturity (2) 2 1 6 3 Adjustment for loss recorded on replacement of derivative - (3 ) - (7 ) Fair value adjustments on derivatives 623 194 2,875 1,034 Other comprehensive (loss) income before taxes (1,633 ) 698 (2,114 ) 1,386 Tax effect 342 (148 ) 440 (292 ) Total other comprehensive (loss) income $ (1,291 ) $ 550 $ (1,674 ) $ 1,094 (1) Amounts are included in net gains on sale and call of investments on the Consolidated Statements of Income in total other income. (2) Amounts are included in interest and dividends on investment securities on the Consolidated Statements of Income.

Equity Based Compensation (Tabl

Equity Based Compensation (Tables)	9 Months Ended
	Jun. 30, 2022
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Schedule of assumptions used in determining fair value of stock option	The assumptions used in determining the fair value of stock option grants for the nine months ended June 30, 2022 are as follows: Weighted Average Fair Value of Awards $ 5.93 Risk Free Rate 3.03 % Dividend Yield -% Volatility 30.04 % Expected Life 6.5 years The assumptions used in determining the fair value of stock option grants for the nine months ended June 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
Schedule of stock option activity	The following is a summary of stock option activity for the nine months ended June 30, 2022 Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term (In Years) Aggregate Intrinsic Value Outstanding, beginning of year 32,830 $ 20.96 6.875 $ 1,940 Granted 6,000 $ 16.05 9.843 $ - Exercised - $ - - $ - Forfeited/cancelled/expired 2,000 $ 19.49 - $ - Outstanding, at June 30, 2022 36,830 $ 20.24 7.080 $ 220 Exercisable, at June 30, 2022 18,880 $ 21.50 5.816 $ 100 Nonvested, at June 30, 2022 17,950 $ 18.90 8.410 $ 120 The following is a summary of stock option activity for the nine months ended June 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, at June 30, 2021 32,830 $ 20.96 6.445 $ 4,860 Exercisable, at June 30, 2021 13,310 $ 21.53 8.461 $ 4,860 Nonvested, at June 30, 2021 19,520 $ 20.56
Schedule of restricted stock awards outstanding	The table below summarizes the activity for the Company’s stock awards outstanding during the nine months ended June 30, 2022 and 2021: Shares Weighted Average Fair Value Outstanding, beginning of year 31,486 $ 21.10 Granted 13,848 $ 15.84 Vested (14,745 ) $ 21.77 Forfeited/cancelled/expired (2,336 ) $ 19.98 Outstanding, at June 30, 2022 28,253 $ 18.26 Shares Weighted Average Fair Value Outstanding, beginning of year 30,653 $ 21.98 Granted 12,363 $ 18.69 Vested (11,851 ) $ 20.87 Forfeited/cancelled/expired - $ - Outstanding, at June 30, 2021 31,165 $ 21.09

Deposits (Tables)

Deposits (Tables)	9 Months Ended
	Jun. 30, 2022
Deposits [Abstract]
Schedule of deposits classified by type with percentages to total deposits	Deposits classified by type with percentages to total deposits at June 30, 2022 and September 30, 2021 consisted of the following: June 30, September 30, 2022 2021 (Dollars in thousands) Balances by types of deposit: Savings $ 54,184 6.84 % $ 50,582 5.39 % Money market accounts 301,165 38.04 385,480 41.09 Interest-bearing demand 270,532 34.17 336,645 35.88 Non-interest-bearing demand 56,731 7.17 53,849 5.74 682,612 86.22 826,556 88.10 Certificates of deposit 109,082 13.78 111,603 11.90 Total Deposits $ 791,694 100.00 % $ 938,159 100.00 %
Schedule of interest expense on deposits	Interest expense on deposits consisted of the following: Three Months Ended June 30 Nine Months Ended June 30, 2022 2021 2022 2021 (In thousands) Savings accounts $ 11 $ 13 $ 37 $ 47 Money market accounts 206 586 703 2,053 Interest-bearing demand 315 431 839 1,457 Certificates of deposit 280 416 1,106 1,951 Total $ 812 $ 1,446 $ 2,685 $ 5,508
Schedule of certificates of deposit maturities	As of June 30, 2022, the scheduled maturities of certificates of deposits are as follows: Scheduled Maturities (In thousands) Period Ending June 30, 2023 $ 56,284 2024 34,625 2025 7,554 2026 6,590 2027 2,844 Thereafter 1,186 Total $ 109,082 As of June 30, 2022, the scheduled maturities of certificates of deposits in amounts greater than $100,000 are as follows: Scheduled Maturities (In thousands) Three months or less $ 8,748 Over three through six months 9,075 Over six through twelve months 13,405 Over twelve months 29,709 Total $ 60,937

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Detail) - shares	3 Months Ended		9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Earnings Per Share [Line Items]
Restricted shares issued	4,200	12,363	13,848	12,363
Forfeited shares			2,336
Stock options, granted	6,000		6,000
Options to acquire shares of common stock granted		7,000		7,000
Restricted Stock
Earnings Per Share [Line Items]
Restricted shares issued			13,848
Forfeited shares	0		0
Restricted fully vested shares			4,517

Earnings Per Share (Detail)

Earnings Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Earnings Per Share [Abstract]
Net Income	$ 1,834	$ 1,601	$ 4,373	$ 6,098
Weighted average shares outstanding	7,632,351	7,622,316	7,626,026	7,614,074
Average unearned ESOP shares	(62,545)	(76,945)	(66,158)	(80,558)
Basic weighted average shares outstanding	7,569,806	7,545,371	7,559,868	7,533,516
Plus: effect of potential dilutive common stock equivalents - stock options	4,460	829	737	552
Diluted weighted average common shares outstanding	7,574,266	7,546,200	7,560,605	7,534,068
Earnings per common share:
Basic	$ 0.24	$ 0.21	$ 0.58	$ 0.81
Diluted	$ 0.24	$ 0.21	$ 0.58	$ 0.81

Employee Stock Ownership Plan (

Employee Stock Ownership Plan (Narrative) (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		4 Months Ended	9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Sep. 30, 2008	Jun. 30, 2022	Jun. 30, 2021
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			$ 2,600
Average price of shares purchased (in dollars per share)			$ 10.86
Employee stock ownership plan (ESOP), debt structure, direct loan, description				The ESOP loan, which bears an interest rate of 5%, is being repaid in quarterly installments through 2026 principally from the Bank’s contributions to the ESOP.
Committed to be released ESOP shares	3,600	3,600		10,800	10,800
Number of unallocated shares	60,765			60,765
Number of allocated shares held by the ESOP	198,453			198,453
Aggregate fair value of shares held by the ESOP	$ 976,000			$ 976,000

Investment Securities (Detail)

Investment Securities (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Sep. 30, 2021
Schedule of available-for-sale securities and cost-method investments [Line Items]
Amortized Cost	$ 58,018	$ 40,756
Gross Unrealized Gains	29	244
Gross Unrealized Losses	(4,967)	(187)
Fair value	53,080	40,813
Amortized Cost	52,350	28,507
Gross Unrealized Gains	5	468
Gross Unrealized Losses	(5,685)	(62)
Fair value	46,670	28,913
Equity securities Amortized Cost	1,500	1,500
Equity securities, Gross Unrealized Losses	(88)
Equity securities Fair Value	1,412	1,500
Total investment and equity securities Amortized Cost	111,868	70,763
Total investment and equity securities Gross Unrealized Gains	34	712
Total investment and equity securities Gross Unrealized Losses	(10,740)	(249)
Total investment and equity securities Fair Value	101,162	71,226
U. S. Government Agencies [Member]
Schedule of available-for-sale securities and cost-method investments [Line Items]
Amortized Cost	5,000	5,000
Gross Unrealized Losses	(1,070)	(7)
Fair value	3,930	4,993
Amortized Cost	23,500	10,000
Gross Unrealized Gains		11
Gross Unrealized Losses	(3,433)
Fair value	20,067	10,011
State And Municipal Obligations [Member]
Schedule of available-for-sale securities and cost-method investments [Line Items]
Amortized Cost	12,101	2,767
Gross Unrealized Gains		1
Gross Unrealized Losses	(1,676)	(3)
Fair value	10,425	2,765
Amortized Cost	18,088	6,062
Gross Unrealized Gains	5	104
Gross Unrealized Losses	(1,582)	(49)
Fair value	16,511	6,117
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	(81)	(125)
Fair value	919	875
Corporate Debt Securities [Member]
Schedule of available-for-sale securities and cost-method investments [Line Items]
Amortized Cost	35,990	31,989
Gross Unrealized Gains	29	243
Gross Unrealized Losses	(1,945)	(52)
Fair value	34,074	32,180
Amortized Cost	3,294	3,383
Gross Unrealized Gains		224
Gross Unrealized Losses	(25)
Fair value	3,269	3,607
MBS Securities {Member}
Schedule of available-for-sale securities and cost-method investments [Line Items]
Amortized Cost	2,442
Gross Unrealized Losses	(175)
Fair value	2,267
MBS Securities {Member} | Fixed Rate [Member]
Schedule of available-for-sale securities and cost-method investments [Line Items]
Amortized Cost	2,311	2,461
Gross Unrealized Losses	(359)	(13)
Fair value	1,952	2,448
U.S. Treasury Note [Member]
Schedule of available-for-sale securities and cost-method investments [Line Items]
Amortized Cost	1,485
Gross Unrealized Losses	(20)
Fair value	1,465
Mutual Fund [Member]
Schedule of available-for-sale securities and cost-method investments [Line Items]
Equity securities Amortized Cost	1,500	1,500
Equity securities, Gross Unrealized Losses	(88)
Equity securities Fair Value	1,412	1,500
Collateralized Mortgage Obligations [Member] | Fixed Rate [Member]
Schedule of available-for-sale securities and cost-method investments [Line Items]
Amortized Cost	5,157	6,601
Gross Unrealized Gains		129
Gross Unrealized Losses	(286)
Fair value	$ 4,871	$ 6,730

Investment Securities - (Narrat

Investment Securities - (Narrative) (Detail)	9 Months Ended
	Jun. 30, 2022 USD ($) Investment	Jun. 30, 2021 USD ($)	Sep. 30, 2021 USD ($)
Marketable Securities [Line Items]
Sales | $		$ 17,297,000
Gain on sale of investment securities available for sales | $	$ 0	$ 779,000
Allowance for credit losses | $	0
Fair value of available for sale securities transferred | $	12,000,000		$ 2,900,000
Fair value of available for sale securities short-term borrowings transferred | $	0		0
Carrying value of investment securities pledged against hedge | $	$ 0		$ 0
Corporate Debt Securities [Member]
Marketable Securities [Line Items]
Number of portfolio investments | Investment	13
Municipal Bonds [Member]
Marketable Securities [Line Items]
Number of portfolio investments | Investment	11
U. S. Government Agencies [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
U.S. Treasury Note [Member]
Marketable Securities [Line Items]
Number of portfolio investments | Investment	1
MBS Securities {Member}
Marketable Securities [Line Items]
Number of portfolio investments | Investment	1

Investment Securities - Gross U

Investment Securities - Gross Unrealized Loss (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Sep. 30, 2021
Schedule of available-for-sale securities and cost-method investments [Line Items]
Total investment securities in an unrealized loss position less than 12 months fair value	$ 48,717	$ 15,287
Total investment securities in an unrealized loss position less than 12 months gross unrealized loss	(4,801)	(35)
Total investment securities in an unrealized loss position 12 months or more fair value	2,334	3,848
Total investment securities in an unrealized loss position 12 months or more gross unrealized loss	(166)	(152)
Total investment securities in an unrealized loss position fair value	51,051	19,135
Total investment securities in an unrealized loss position gross unrealized loss	(4,967)	(187)
U. S. Government Agencies [Member]
Schedule of available-for-sale securities and cost-method investments [Line Items]
Less than 12 Months: Fair Value	3,930	4,993
Less than 12 Months: Unrealized Losses	(1,070)	(7)
Total: Fair Value	3,930	4,993
Total: Unrealized Losses	(1,070)	(7)
State And Municipal Obligations [Member]
Schedule of available-for-sale securities and cost-method investments [Line Items]
Less than 12 Months: Fair Value	10,425	1,819
Less than 12 Months: Unrealized Losses	(1,676)	(3)
Total: Fair Value	10,425	1,819
Total: Unrealized Losses	(1,676)	(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	919	875
12 Months or longer: Unrealized Losses	(81)	(125)
Total: Fair Value	919	875
Total: Unrealized Losses	(81)	(125)
Corporate Debt Securities [Member]
Schedule of available-for-sale securities and cost-method investments [Line Items]
Less than 12 Months: Fair Value	30,630	8,475
Less than 12 Months: Unrealized Losses	(1,860)	(25)
12 Months or longer: Fair Value	1,415	2,973
12 Months or longer: Unrealized Losses	(85)	(27)
Total: Fair Value	32,045	11,448
Total: Unrealized Losses	(1,945)	$ (52)
MBS Securities {Member}
Schedule of available-for-sale securities and cost-method investments [Line Items]
Less than 12 Months: Fair Value	2,267
Less than 12 Months: Unrealized Losses	(175)
Total: Fair Value	2,267
Total: Unrealized Losses	(175)
U.S. Treasury Note [Member]
Schedule of available-for-sale securities and cost-method investments [Line Items]
Less than 12 Months: Fair Value	1,465
Less than 12 Months: Unrealized Losses	(20)
Total: Fair Value	1,465
Total: Unrealized Losses	$ (20)

Investment Securities - Schedul

Investment Securities - Schedule maturities (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Sep. 30, 2021
Available for Sale, Amortized Cost:
Over 1 year through 5 years	$ 6,221
After 5 years through 10 years	32,814
Over 10 years	16,541
Mortgage Backed Security ("MBS"), fixed-rate	2,442
Amortized Cost	58,018	$ 40,756
Held-to-Maturity, Amortized Cost:
Within 1 year	253
Over 1 year through 5 years	9,986
After 5 years through 10 years	3,119
Over 10 years	31,524
Mortgage Backed Security ("MBS"), fixed-rate	2,311
Collateralized mortgage obligations (“CMO”), fixed-rate	5,157
Amortized Cost	52,350	28,507
Equity Securities:
Within 1 year	500
After 5 years through ten years	1,000
Equity securities Amortized Cost	1,500	1,500
Total investment and equity securities Amortized Cost	111,868	70,763
Available-for-Sale, Fair Value:
Over 1 year through 5 years	6,034
After 5 years through 10 years	31,047
Over 10 years	13,732
Mortgage Backed Security ("MBS"), fixed-rate	2,267
Total Available-for-sale securities	53,080	40,813
Held-to-Maturity, Fair Value:
Within 1 year	252
Over 1 year through 5 years	9,875
After 5 years through 10 years	2,769
Over 10 years	26,951
Mortgage-backed securities:
Mortgage Backed Security ("MBS"), fixed-rate	1,952
Collateralized mortgage obligations (“CMO”), fixed-rate	4,871
Total Held-to-maturity securities	46,670	28,913
Equity Securities:
Within 1 year	500
After 5 years through ten years	912
Total Equity securities	1,412	1,500
Total investment and equity securities, Fair Value	$ 101,162	$ 71,226

Loans Receivable and Related _3

Loans Receivable and Related Allowance for Loan Losses (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2020
Financing Receivable, Impaired [Line Items]
Total loans	$ 814,700		$ 913,824	$ 951,650
Deferred loan costs, net	566		629
Allowance for loan losses	(9,309)	$ (9,301)	(11,472)	(11,600)	$ (12,601)	$ (12,433)
Total loans receivable, net	805,957		902,981
Commercial and Industrial [Member]
Financing Receivable, Impaired [Line Items]
Total loans	104,504		115,246	97,955
Allowance for loan losses	(1,178)	(1,198)	(2,221)	(650)	(557)	(578)
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Total loans	176,499		198,710	201,737
Allowance for loan losses	(710)	(814)	(934)	(1,317)	(1,428)	(1,667)
Construction and Development - Residential and Commercial [Member]
Financing Receivable, Impaired [Line Items]
Total loans	20,459		61,492	61,484
Allowance for loan losses	(110)	(152)	(428)	(435)	(532)	(465)
Construction and Development - Land [Member]
Financing Receivable, Impaired [Line Items]
Total loans	2,054		2,204	2,253
Allowance for loan losses	(11)	(27)	(15)	(15)	(24)	(23)
Construction And Development [Member]
Financing Receivable, Impaired [Line Items]
Total loans	22,513		63,696
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Total loans	407,783		426,915	478,032
Allowance for loan losses	(6,225)	(6,205)	(7,043)	(8,339)	(8,377)	(8,682)
Commercial Farmland [Member]
Financing Receivable, Impaired [Line Items]
Total loans	15,348		10,297	10,335
Allowance for loan losses	(80)	(274)	(56)	(56)	(35)	(47)
Commercial Multi Family [Member]
Financing Receivable, Impaired [Line Items]
Total loans	54,879		66,332	66,725
Allowance for loan losses	(296)	(327)	(450)	(503)	(506)	(511)
Commercial - Other [Member]
Financing Receivable, Impaired [Line Items]
Total loans	13,954		10,954	10,896
Allowance for loan losses	(58)		(54)	(54)	(49)	(51)
Commercial [Member]
Financing Receivable, Impaired [Line Items]
Total loans	596,468		629,744
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Total loans	12,432		13,491	12,822
Allowance for loan losses	(63)	(78)	(76)	(93)	(119)	(130)
Consumer - Second Mortgages [Member]
Financing Receivable, Impaired [Line Items]
Total loans	4,605		5,884	7,039
Allowance for loan losses	(40)	(100)	(87)	(104)	(114)	(196)
Consumer - Other [Member]
Financing Receivable, Impaired [Line Items]
Total loans	2,183		2,299	2,372
Allowance for loan losses	(14)	$ (17)	(20)	$ (22)	$ (25)	$ (29)
Consumer [Member]
Financing Receivable, Impaired [Line Items]
Total loans	$ 19,220		$ 21,674

Loans Receivable and Related _4

Loans Receivable and Related Allowance for Loan Losses (1) (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Sep. 30, 2021
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning balance	$ 9,301	$ 12,601	$ 11,472	$ 12,433	$ 12,433
Charge-offs		(1,024)	(2,300)	(1,508)	(12,313)
Recoveries	8	23	137	125	176
Provisions				550	11,176
Allowance for credit losses, Ending Balance	9,309	11,600	9,309	11,600	11,472
Allowance for credit losses: Ending balance: individually evaluated for impairment	73	1,324	73	1,324	1,544
Allowance for credit losses: Ending balance: collectively evaluated for impairment	9,236	10,276	9,236	10,276	9,928
Loans receivable	814,700	951,650	814,700	951,650	913,824
Loans receivable: Ending balance: individually evaluated for impairment	536	47,651	536	47,651	2,905
Loans Receivable: Ending balance: collectively evaluated for impairment	814,164	903,999	814,164	903,999	910,919
Commercial and Industrial [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning balance	1,198	557	2,221	578	578
Charge-offs		(379)	(2,194)	(379)	(379)
Recoveries	1	1	1	2	2
Provisions	(21)	471	1,150	449	2,020
Allowance for credit losses, Ending Balance	1,178	650	1,178	650	2,221
Allowance for credit losses: Ending balance: individually evaluated for impairment					1,488
Allowance for credit losses: Ending balance: collectively evaluated for impairment	1,178	650	1,178	650	733
Loans receivable	104,504	97,955	104,504	97,955	115,246
Loans receivable: Ending balance: individually evaluated for impairment		3,124		3,124	2,517
Loans Receivable: Ending balance: collectively evaluated for impairment	104,504	94,831	104,504	94,831	112,729
Residential Mortgage [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning balance	814	1,428	934	1,667	1,667
Recoveries	3		4	1	41
Provisions	(107)	(111)	(228)	(351)	(774)
Allowance for credit losses, Ending Balance	710	1,317	710	1,317	934
Allowance for credit losses: Ending balance: individually evaluated for impairment	56		56
Allowance for credit losses: Ending balance: collectively evaluated for impairment	654	1,317	654	1,317	934
Loans receivable	176,499	201,737	176,499	201,737	198,710
Loans receivable: Ending balance: individually evaluated for impairment	478	3,561	478	3,561
Loans Receivable: Ending balance: collectively evaluated for impairment	176,021	198,176	176,021	198,176	198,710
Construction and Development - Residential and Commercial [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning balance	152	532	428	465	465
Recoveries					4
Provisions	(42)	(97)	(318)	(30)	(41)
Allowance for credit losses, Ending Balance	110	435	110	435	428
Allowance for credit losses: Ending balance: collectively evaluated for impairment	110	435	110	435	428
Loans receivable	20,459	61,484	20,459	61,484	61,492
Loans Receivable: Ending balance: collectively evaluated for impairment	20,459	61,484	20,459	61,484	61,492
Construction and Development - Land [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning balance	27	24	15	23	23
Provisions	(16)	(9)	(4)	(8)	(8)
Allowance for credit losses, Ending Balance	11	15	11	15	15
Allowance for credit losses: Ending balance: collectively evaluated for impairment	11	15	11	15	15
Loans receivable	2,054	2,253	2,054	2,253	2,204
Loans Receivable: Ending balance: collectively evaluated for impairment	2,054	2,253	2,054	2,253	2,204
Commercial Real Estate [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning balance	6,205	8,377	7,043	8,682	8,682
Charge-offs		(645)		(1,128)	(11,930)
Recoveries	1		77	1	1
Provisions	19	607	(895)	784	10,290
Allowance for credit losses, Ending Balance	6,225	8,339	6,225	8,339	7,043
Allowance for credit losses: Ending balance: individually evaluated for impairment		1,287		1,287	18
Allowance for credit losses: Ending balance: collectively evaluated for impairment	6,224	7,052	6,224	7,052	7,025
Loans receivable	407,783	478,032	407,783	478,032	426,915
Loans receivable: Ending balance: individually evaluated for impairment		38,219		38,219	286
Loans Receivable: Ending balance: collectively evaluated for impairment	407,783	439,813	407,783	439,813	426,629
Commercial Farmland [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning balance	274	35	56	47	47
Provisions	(194)	21	24	9	9
Allowance for credit losses, Ending Balance	80	56	80	56	56
Allowance for credit losses: Ending balance: collectively evaluated for impairment	80	56	80	56	56
Loans receivable	15,348	10,335	15,348	10,335	10,297
Loans receivable: Ending balance: individually evaluated for impairment		2,265		2,265
Loans Receivable: Ending balance: collectively evaluated for impairment	15,348	8,070	15,348	8,070	10,297
Commercial Multi Family [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning balance	327	506	450	511	511
Provisions	(31)	(3)	(154)	(8)	(61)
Allowance for credit losses, Ending Balance	296	503	296	503	450
Allowance for credit losses: Ending balance: collectively evaluated for impairment	296	503	296	503	450
Loans receivable	54,879	66,725	54,879	66,725	66,332
Loans Receivable: Ending balance: collectively evaluated for impairment	54,879	66,725	54,879	66,725	66,332
Commercial - Other [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning balance		49	54	51	51
Provisions	58	5	4	3	3
Allowance for credit losses, Ending Balance	58	54	58	54	54
Allowance for credit losses: Ending balance: collectively evaluated for impairment	58	54	58	54	54
Loans receivable	13,954	10,896	13,954	10,896	10,954
Loans Receivable: Ending balance: collectively evaluated for impairment	13,954	10,896	13,954	10,896	10,954
Consumer - Home Equity Lines of Credit [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning balance	78	119	76	130	130
Recoveries		15	1	16	17
Provisions	(15)	(41)	(14)	(53)	(71)
Allowance for credit losses, Ending Balance	63	93	63	93	76
Allowance for credit losses: Ending balance: collectively evaluated for impairment	63	93	63	93	76
Loans receivable	12,432	12,822	12,432	12,822	13,491
Loans receivable: Ending balance: individually evaluated for impairment		24		24
Loans Receivable: Ending balance: collectively evaluated for impairment	12,432	12,798	12,432	12,798	13,491
Consumer - Second Mortgages [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning balance	100	114	87	196	196
Charge-offs			(106)
Recoveries	3	6	54	103	108
Provisions	(63)	(16)	5	(195)	(217)
Allowance for credit losses, Ending Balance	40	104	40	104	87
Allowance for credit losses: Ending balance: individually evaluated for impairment	17	37	17	37	38
Allowance for credit losses: Ending balance: collectively evaluated for impairment	23	67	23	67	49
Loans receivable	4,605	7,039	4,605	7,039	5,884
Loans receivable: Ending balance: individually evaluated for impairment	58	458	58	458	102
Loans Receivable: Ending balance: collectively evaluated for impairment	4,547	6,581	4,547	6,581	5,782
Consumer - Other [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning balance	17	25	20	29	29
Charge-offs				(1)	(4)
Recoveries		1		2	2
Provisions	(3)	(4)	(6)	(8)	(7)
Allowance for credit losses, Ending Balance	14	22	14	22	20
Allowance for credit losses: Ending balance: collectively evaluated for impairment	14	22	14	22	20
Loans receivable	2,183	2,372	2,183	2,372	2,299
Loans Receivable: Ending balance: collectively evaluated for impairment	2,183	2,372	2,183	2,372	2,299
Unallocated [Member]
Allowance for Loan and Lease Losses [Roll Forward]
Allowance for credit losses, Beginning balance	109	835	88	54	54
Provisions	415	(823)	436	(42)	34
Allowance for credit losses, Ending Balance	524	12	524	12	88
Allowance for credit losses: Ending balance: collectively evaluated for impairment	$ 525	$ 12	$ 525	$ 12	$ 88

Loans Receivable and Related _5

Loans Receivable and Related Allowance for Loan Losses (Narrative) (Detail)	3 Months Ended		9 Months Ended		12 Months Ended
	Jun. 30, 2022 USD ($) Number	Jun. 30, 2021 USD ($) Number	Jun. 30, 2022 USD ($) Number	Jun. 30, 2021 USD ($)	Sep. 30, 2021 USD ($) Number	Mar. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Financing Receivable, Impaired [Line Items]
Recoveries	$ 8,000	$ 23,000	$ 137,000	$ 125,000	$ 176,000
Charge-offs		1,024,000	2,300,000	1,508,000	12,313,000
Provision for Loan Losses				550,000	11,176,000
Impaired loans with no specific allowance	19,536,000		19,536,000		39,740,000
Non-accrual loans	1,075,000		1,075,000		3,697,000
Non-accrual loans interest income	29,000	300,000	29,000	845,000
Loans past due 90 days or more and still accruing interest	401,000		$ 401,000		$ 0
Number of loans | Number			22		26
Financing receivable, collateral dependent TDR loan	6,200,000		$ 6,200,000		$ 18,241,000		$ 6,166,000
Number of loans | Number			4		8
Special Mention [Member]
Financing Receivable, Impaired [Line Items]
Aggregate principal balance	42,100,000		$ 42,100,000		$ 61,200,000
Minimum [Member]
Financing Receivable, Impaired [Line Items]
Impaired loans with no specific allowance					20,200,000
Maximum [Member]
Financing Receivable, Impaired [Line Items]
Impaired loans with no specific allowance					39,700,000
Three Commercial Real Estate Loan [Member]
Financing Receivable, Impaired [Line Items]
Impaired loans with no specific allowance							18,900,000
One Commercial and Industrial Loan [Member]
Financing Receivable, Impaired [Line Items]
Impaired loans with no specific allowance						$ 2,200,000
One Commercial and Industrial Loan Partial Written Down [Member]
Financing Receivable, Impaired [Line Items]
Charge-offs			2,200,000
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Recoveries	1,000		77,000	1,000	1,000
Charge-offs		645,000		1,128,000	11,930,000
Provision for Loan Losses	19,000	607,000	(895,000)	784,000	10,290,000
Impaired loans with no specific allowance	13,777,000		13,777,000		$ 33,543,000
Loans past due 90 days or more and still accruing interest	200,000		$ 200,000
Number of loans | Number			3		5
Financing receivable, collateral dependent TDR loan					$ 12,180,000		595,000
Financing receivable TDR loans sold							$ 11,400,000
Number of loans | Number			4		6
Troubled Debt Restructurings Loans Perform Under Restructuring Term [Member]
Financing Receivable, Impaired [Line Items]
Number of loans | Number			19
Construction and Development - Residential and Commercial [Member]
Financing Receivable, Impaired [Line Items]
Recoveries					$ 4,000
Provision for Loan Losses	(42,000)	$ (97,000)	$ (318,000)	$ (30,000)	(41,000)
Real estate through foreclosure	$ 132,000		$ 132,000		$ 185,000
New Troubled Debt Restructurings Loan [Member]
Financing Receivable, Impaired [Line Items]
Number of loans | Number	0	0

Loans Receivable and Related _6

Loans Receivable and Related Allowance for Loan Losses (2) (Detail) - USD ($)	Jun. 30, 2022	Sep. 30, 2021
Financing Receivable, Impaired [Line Items]
Impaired Loans With Specific Allowance, Recorded Investment	$ 536,000	$ 2,905,000
Impaired Loans With Specific Allowance, Related Allowance	73,000	1,544,000
Impaired Loans With No Specific Allowance, Recorded Investment	19,536,000	39,740,000
Total Impaired Loans Recorded Investment	20,073,000	42,645,000
Total Impaired Loans Unpaid Principal Balance	24,709,000	42,874,000
Commercial and Industrial [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans With Specific Allowance, Recorded Investment		2,517,000
Impaired Loans With Specific Allowance, Related Allowance		1,488,000
Impaired Loans With No Specific Allowance, Recorded Investment	968,000	630,000
Total Impaired Loans Recorded Investment	968,000	3,147,000
Total Impaired Loans Unpaid Principal Balance	3,642,000	3,584,000
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans With Specific Allowance, Recorded Investment	478,000
Impaired Loans With Specific Allowance, Related Allowance	56,000
Impaired Loans With No Specific Allowance, Recorded Investment	2,368,000	2,594,000
Total Impaired Loans Recorded Investment	2,847,000	2,594,000
Total Impaired Loans Unpaid Principal Balance	3,050,000	2,766,000
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans With Specific Allowance, Recorded Investment		286,000
Impaired Loans With Specific Allowance, Related Allowance		18,000
Impaired Loans With No Specific Allowance, Recorded Investment	13,777,000	33,543,000
Total Impaired Loans Recorded Investment	13,777,000	33,829,000
Total Impaired Loans Unpaid Principal Balance	15,476,000	33,368,000
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans With No Specific Allowance, Recorded Investment	20,000	23,000
Total Impaired Loans Recorded Investment	20,000	23,000
Total Impaired Loans Unpaid Principal Balance	26,000	28,000
Consumer - Second Mortgages [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans With Specific Allowance, Recorded Investment	58,000	102,000
Impaired Loans With Specific Allowance, Related Allowance	17,000	38,000
Impaired Loans With No Specific Allowance, Recorded Investment	182,000	696,000
Total Impaired Loans Recorded Investment	240,000	798,000
Total Impaired Loans Unpaid Principal Balance	294,000	874,000
Commercial Farmland [Member]
Financing Receivable, Impaired [Line Items]
Impaired Loans With No Specific Allowance, Recorded Investment	2,221,000	2,254,000
Total Impaired Loans Recorded Investment	2,221,000	2,254,000
Total Impaired Loans Unpaid Principal Balance	$ 2,221,000	$ 2,254,000

Loans Receivable and Related _7

Loans Receivable and Related Allowance for Loan Losses (3) (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	$ 19,722	$ 45,986	$ 20,340	$ 39,321
Interest Income Recognized on Impaired Loans	78	213	240	526
Commercial and Industrial [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	973	1,398	1,705	709
Interest Income Recognized on Impaired Loans	6	5	16	12
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	2,234	3,280	2,472	3,383
Interest Income Recognized on Impaired Loans	29	22	95	56
Commercial Farmland [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	2,226	2,265	2,236	1,766
Interest Income Recognized on Impaired Loans	20	31	59	50
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	13,405	38,243	13,094	32,701
Interest Income Recognized on Impaired Loans	22	153	67	403
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	21	24	17	51
Consumer - Second Mortgages [Member]
Financing Receivable, Impaired [Line Items]
Average Impaired Loans	863	776	816	711
Interest Income Recognized on Impaired Loans	$ 1	$ 2	$ 3	$ 5

Loans Receivable and Related _8

Loans Receivable and Related Allowance for Loan Losses (4) (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Sep. 30, 2021	Jun. 30, 2021
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	$ 814,700	$ 913,824	$ 951,650
Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	760,200	839,631
Special Mention [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	42,798	58,053
Substandard [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	11,702	16,140
Commercial and Industrial [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	104,504	115,246	97,955
Commercial and Industrial [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	98,657	106,910
Commercial and Industrial [Member] | Substandard [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	5,847	8,336
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	176,499	198,710	201,737
Residential Mortgage [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	174,073	195,658
Residential Mortgage [Member] | Substandard [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	2,426	3,052
Construction and Development - Residential and Commercial [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	20,459	61,492	61,484
Construction and Development - Residential and Commercial [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	20,459	61,492
Construction and Development - Land [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	2,054	2,204	2,253
Construction and Development - Land [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	2,054	2,204
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	407,783	426,915	478,032
Commercial Real Estate [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	364,341	376,721
Commercial Real Estate [Member] | Special Mention [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	42,738	48,705
Commercial Real Estate [Member] | Substandard [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	704	1,489
Commercial Farmland [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	15,348	10,297	10,335
Commercial Farmland [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	13,127	8,043
Commercial Farmland [Member] | Substandard [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	2,221	2,254
Commercial Multi Family [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	54,879	66,332	66,725
Commercial Multi Family [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	54,879	57,052
Commercial Multi Family [Member] | Special Mention [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross		9,280
Commercial - Other [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	13,954	10,954	10,896
Commercial - Other [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	13,954	10,954
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	12,432	13,491	12,822
Consumer - Home Equity Lines of Credit [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	12,340	13,390
Consumer - Home Equity Lines of Credit [Member] | Substandard [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	92	101
Consumer - Second Mortgages [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	4,605	5,884	7,039
Consumer - Second Mortgages [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	4,133	4,908
Consumer - Second Mortgages [Member] | Special Mention [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	60	68
Consumer - Second Mortgages [Member] | Substandard [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	412	908
Consumer - Other [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	2,183	2,299	$ 2,372
Consumer - Other [Member] | Pass [Member]
Financing Receivable, Impaired [Line Items]
Loans and Leases, gross	$ 2,183	$ 2,299

Loans Receivable and Related _9

Loans Receivable and Related Allowance for Loan Losses (5) (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Sep. 30, 2021
Financing Receivable, Impaired [Line Items]
Total non-accrual loans	$ 1,075	$ 3,697
Commercial and Industrial [Member]
Financing Receivable, Impaired [Line Items]
Total non-accrual loans	280	2,517
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Total non-accrual loans	599	879
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Total non-accrual loans	21	23
Consumer - Second Mortgages [Member]
Financing Receivable, Impaired [Line Items]
Total non-accrual loans	$ 175	$ 278

Loans Receivable and Related_10

Loans Receivable and Related Allowance for Loan Losses (6) (Detail) - USD ($)	Jun. 30, 2022	Sep. 30, 2021	Jun. 30, 2021
Financing Receivable, Impaired [Line Items]
Past Due	$ 4,506,000	$ 1,935,000
Total Loans Receivable	814,700,000	913,824,000	$ 951,650,000
Accruing 90 Days or More Past Due	401,000	0
Financial Asset, Not Past Due, Current [Member]
Financing Receivable, Impaired [Line Items]
Past Due	810,194,000	911,889,000
30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	3,463,000	900,000
60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	167,000	324,000
Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	876,000	711,000
Commercial and Industrial [Member]
Financing Receivable, Impaired [Line Items]
Past Due	375,000
Total Loans Receivable	104,504,000	115,246,000	97,955,000
Commercial and Industrial [Member] | Financial Asset, Not Past Due, Current [Member]
Financing Receivable, Impaired [Line Items]
Past Due	104,129,000	115,246,000
Commercial and Industrial [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	95,000
Commercial and Industrial [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	280,000
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Past Due	3,652,000	1,648,000
Total Loans Receivable	176,499,000	198,710,000	201,737,000
Accruing 90 Days or More Past Due	172,000
Residential Mortgage [Member] | Financial Asset, Not Past Due, Current [Member]
Financing Receivable, Impaired [Line Items]
Past Due	172,846,000	197,062,000
Residential Mortgage [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	3,221,000	796,000
Residential Mortgage [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	72,000	241,000
Residential Mortgage [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	359,000	611,000
Construction and Development - Residential and Commercial [Member]
Financing Receivable, Impaired [Line Items]
Total Loans Receivable	20,459,000	61,492,000	61,484,000
Construction and Development - Residential and Commercial [Member] | Financial Asset, Not Past Due, Current [Member]
Financing Receivable, Impaired [Line Items]
Past Due	20,459,000	61,492,000
Construction and Development - Land [Member]
Financing Receivable, Impaired [Line Items]
Total Loans Receivable	2,054,000	2,204,000	2,253,000
Construction and Development - Land [Member] | Financial Asset, Not Past Due, Current [Member]
Financing Receivable, Impaired [Line Items]
Past Due	2,054,000	2,204,000
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Past Due	365,000
Total Loans Receivable	407,783,000	426,915,000	478,032,000
Accruing 90 Days or More Past Due	200,000
Commercial Real Estate [Member] | Financial Asset, Not Past Due, Current [Member]
Financing Receivable, Impaired [Line Items]
Past Due	407,418,000	426,915,000
Commercial Real Estate [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	165,000
Commercial Real Estate [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	200,000
Commercial Farmland [Member]
Financing Receivable, Impaired [Line Items]
Total Loans Receivable	15,348,000	10,297,000	10,335,000
Commercial Farmland [Member] | Financial Asset, Not Past Due, Current [Member]
Financing Receivable, Impaired [Line Items]
Past Due	15,348,000	10,297,000
Commercial Multi Family [Member]
Financing Receivable, Impaired [Line Items]
Total Loans Receivable	54,879,000	66,332,000	66,725,000
Commercial Multi Family [Member] | Financial Asset, Not Past Due, Current [Member]
Financing Receivable, Impaired [Line Items]
Past Due	54,879,000	66,332,000
Commercial - Other [Member]
Financing Receivable, Impaired [Line Items]
Total Loans Receivable	13,954,000	10,954,000	10,896,000
Commercial - Other [Member] | Financial Asset, Not Past Due, Current [Member]
Financing Receivable, Impaired [Line Items]
Past Due	13,955,000	10,954,000
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Past Due		97,000
Total Loans Receivable	12,432,000	13,491,000	12,822,000
Consumer - Home Equity Lines of Credit [Member] | Financial Asset, Not Past Due, Current [Member]
Financing Receivable, Impaired [Line Items]
Past Due	12,432,000	13,394,000
Consumer - Home Equity Lines of Credit [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due		97,000
Consumer - Second Mortgages [Member]
Financing Receivable, Impaired [Line Items]
Past Due	109,000	187,000
Total Loans Receivable	4,605,000	5,884,000	7,039,000
Accruing 90 Days or More Past Due	29,000
Consumer - Second Mortgages [Member] | Financial Asset, Not Past Due, Current [Member]
Financing Receivable, Impaired [Line Items]
Past Due	4,497,000	5,697,000
Consumer - Second Mortgages [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	72,000	4,000
Consumer - Second Mortgages [Member] | 60 to 89 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due		83,000
Consumer - Second Mortgages [Member] | Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	37,000	100,000
Consumer - Other [Member]
Financing Receivable, Impaired [Line Items]
Past Due	5,000	3,000
Total Loans Receivable	2,183,000	2,299,000	$ 2,372,000
Consumer - Other [Member] | Financial Asset, Not Past Due, Current [Member]
Financing Receivable, Impaired [Line Items]
Past Due	2,177,000	2,296,000
Consumer - Other [Member] | 30 to 59 Days Past Due [Member]
Financing Receivable, Impaired [Line Items]
Past Due	$ 5,000	$ 3,000

Loans Receivable and Related_11

Loans Receivable and Related Allowance for Loan Losses (7) (Detail) $ in Thousands	9 Months Ended	12 Months Ended
	Jun. 30, 2022 USD ($) Number	Sep. 30, 2021 USD ($) Number	Dec. 31, 2021 USD ($)
Financing Receivable, Impaired [Line Items]
Total Troubled Debt Restructurings, Number of Loans | Number	22	26
Total Troubled Debt Restructurings, Recorded Investment | $	$ 6,200	$ 18,241	$ 6,166
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Number of Loans | Number	2	4
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Recorded Investment | $	$ 986	$ 640
Commercial and Industrial [Member]
Financing Receivable, Impaired [Line Items]
Total Troubled Debt Restructurings, Number of Loans | Number	1	1
Total Troubled Debt Restructurings, Recorded Investment | $		$ 549	625
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Total Troubled Debt Restructurings, Number of Loans | Number	14	16
Total Troubled Debt Restructurings, Recorded Investment | $		$ 3,180	2,660
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Number of Loans | Number		4
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Recorded Investment | $		$ 640
Commercial Farmland [Member]
Financing Receivable, Impaired [Line Items]
Total Troubled Debt Restructurings, Number of Loans | Number	1	1
Total Troubled Debt Restructurings, Recorded Investment | $		$ 2,254	2,221
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Total Troubled Debt Restructurings, Number of Loans | Number	3	5
Total Troubled Debt Restructurings, Recorded Investment | $		$ 12,180	595
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Number of Loans | Number	2
Troubled Debt Restructured Loans That Have Defaulted on Modified Terms Within The Past 12 Months, Recorded Investment | $	$ 986
Consumer - Second Mortgages [Member]
Financing Receivable, Impaired [Line Items]
Total Troubled Debt Restructurings, Number of Loans | Number	3	3
Total Troubled Debt Restructurings, Recorded Investment | $		$ 78	$ 65

Loans Receivable and Related_12

Loans Receivable and Related Allowance for Loan Losses (8) (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021	Sep. 30, 2021
Recorded Investment	$ 6,200	$ 6,166	$ 18,241
Performing Financing Receivable [Member]
Recorded Investment	5,754		17,601
Nonperforming Financing Receivable [Member]
Recorded Investment	412		640
Commercial and Industrial [Member]
Recorded Investment		625	549
Commercial and Industrial [Member] | Performing Financing Receivable [Member]
Recorded Investment	625		549
Residential Mortgage [Member]
Recorded Investment		2,660	3,180
Residential Mortgage [Member] | Performing Financing Receivable [Member]
Recorded Investment	2,248		2,540
Residential Mortgage [Member] | Nonperforming Financing Receivable [Member]
Recorded Investment	412		640
Commercial Farmland [Member]
Recorded Investment		2,221	2,254
Commercial Farmland [Member] | Performing Financing Receivable [Member]
Recorded Investment	2,221		2,254
Commercial Real Estate [Member]
Recorded Investment		595	12,180
Commercial Real Estate [Member] | Performing Financing Receivable [Member]
Recorded Investment	595		12,180
Consumer - Second Mortgages [Member]
Recorded Investment		$ 65	78
Consumer - Second Mortgages [Member] | Performing Financing Receivable [Member]
Recorded Investment	$ 65		$ 78

Loans Receivable and Related_13

Loans Receivable and Related Allowance for Loan Losses (9) (Detail) $ in Thousands	9 Months Ended
	Jun. 30, 2022 USD ($) Number	Jun. 30, 2021 USD ($) Number
Financing Receivable, Impaired [Line Items]
Number of Contracts | Number	2	2
Pre-Modifications Outstanding Recorded Investment	$ 986	$ 2,836
Post-Modification Outstanding Recorded Investment	$ 986	$ 2,836
Commercial and Industrial [Member]
Financing Receivable, Impaired [Line Items]
Number of Contracts | Number	1	1
Pre-Modifications Outstanding Recorded Investment	$ 504	$ 549
Post-Modification Outstanding Recorded Investment	$ 504	$ 549
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Number of Contracts | Number	1
Pre-Modifications Outstanding Recorded Investment	$ 482
Post-Modification Outstanding Recorded Investment	$ 482
Commercial Farmland [Member]
Financing Receivable, Impaired [Line Items]
Number of Contracts | Number		1
Pre-Modifications Outstanding Recorded Investment		$ 2,287
Post-Modification Outstanding Recorded Investment		$ 2,287

Loans Receivable and Related_14

Loans Receivable and Related Allowance for Loan Losses (10) (Detail) $ in Thousands	9 Months Ended	12 Months Ended
	Jun. 30, 2022 USD ($) Number	Sep. 30, 2021 USD ($) Number
Financing Receivable, Impaired [Line Items]
Number of Loans | Number	4	8
Loan Modified Exposure	$ 42,093	$ 61,234
Gross Loans	$ 814,700	$ 913,824
Percentage of Gross Loans Modified	5.17%	6.70%
Commercial and Industrial [Member]
Financing Receivable, Impaired [Line Items]
Gross Loans	$ 104,504	$ 115,246
Percentage of Gross Loans Modified	0%	0%
Residential Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Number of Loans | Number		2
Loan Modified Exposure		$ 667
Gross Loans	$ 176,499	$ 198,710
Percentage of Gross Loans Modified	0%	0.07%
Construction and Development - Residential and Commercial [Member]
Financing Receivable, Impaired [Line Items]
Gross Loans	$ 20,459	$ 61,492
Percentage of Gross Loans Modified	0%	0%
Construction And Development Land
Financing Receivable, Impaired [Line Items]
Gross Loans	$ 2,054	$ 2,204
Percentage of Gross Loans Modified	0%	0%
Construction And Development [Member]
Financing Receivable, Impaired [Line Items]
Gross Loans	$ 22,513	$ 63,696
Percentage of Gross Loans Modified	0%	0%
Commercial Real Estate [Member]
Financing Receivable, Impaired [Line Items]
Number of Loans | Number	4	6
Loan Modified Exposure	$ 42,093	$ 60,567
Gross Loans	$ 407,783	$ 426,915
Percentage of Gross Loans Modified	5.17%	6.63%
Commercial Farmland [Member]
Financing Receivable, Impaired [Line Items]
Gross Loans	$ 15,348	$ 10,297
Percentage of Gross Loans Modified	0%	0%
Commercial Multi Family [Member]
Financing Receivable, Impaired [Line Items]
Gross Loans	$ 54,879	$ 66,332
Percentage of Gross Loans Modified	0%	0%
Commercial - Other [Member]
Financing Receivable, Impaired [Line Items]
Gross Loans	$ 13,954	$ 10,954
Percentage of Gross Loans Modified	0%	0%
Commercial [Member]
Financing Receivable, Impaired [Line Items]
Number of Loans | Number	4	6
Loan Modified Exposure	$ 42,093	$ 60,567
Gross Loans	$ 596,468	$ 629,744
Percentage of Gross Loans Modified	5.17%	6.63%
Consumer - Home Equity Lines of Credit [Member]
Financing Receivable, Impaired [Line Items]
Gross Loans	$ 12,432	$ 13,491
Percentage of Gross Loans Modified	0%	0%
Consumer - Second Mortgages [Member]
Financing Receivable, Impaired [Line Items]
Gross Loans	$ 4,605	$ 5,884
Percentage of Gross Loans Modified	0%	0%
Consumer - Other [Member]
Financing Receivable, Impaired [Line Items]
Gross Loans	$ 2,183	$ 2,299
Percentage of Gross Loans Modified	0%	0%
Consumer [Member]
Financing Receivable, Impaired [Line Items]
Gross Loans	$ 19,220	$ 21,674
Percentage of Gross Loans Modified	0%	0%

Regulatory Matters (Detail)

Regulatory Matters (Detail) $ in Thousands	Jun. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)
Parent Company [Member]
Capital (to adjusted tangible assets): Actual Amount	$ 146,928	$ 142,132
Common equity Tier 1(to risk-weighted assets): Actual Amount	146,928	142,132
Tier 1 Capital (to risk-weighted assets): Actual Amount	146,928	142,132
Total Capital (to risk-weighted assets): Actual Amount	$ 181,319	$ 178,620
Capital (to adjusted tangible assets): Actual Ratio	13.77	11.84
Common equity Tier 1(to risk-weighted assets): Actual Ratio	16.87	14.53
Tier 1 Capital (to risk-weighted assets): Actual Ratio	16.87	14.53
Total Capital (to risk-weighted assets): Actual Ratio	20.82	18.26
Capital (to adjusted tangible assets): Minimum For Capital Adequacy Purposes Amount	$ 42,680	$ 48,020
Common Equity Tier 1 Capital (to risk weighted assets)	39,196	44,024
Tier 1 Capital (to risk weighted assets)	52,261	58,699
Total Capital (to risk weighted assets)	$ 69,681	$ 78,265
Capital (to adjusted tangible assets): Minimum 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	$ 163,237	$ 157,518
Common equity Tier 1(to risk-weighted assets): Actual Amount	163,237	157,518
Tier 1 Capital (to risk-weighted assets): Actual Amount	163,237	157,518
Total Capital (to risk-weighted assets): Actual Amount	$ 172,628	$ 169,072
Capital (to adjusted tangible assets): Actual Ratio	15.33	13.14
Common equity Tier 1(to risk-weighted assets): Actual Ratio	18.79	16.13
Tier 1 Capital (to risk-weighted assets): Actual Ratio	18.79	16.13
Total Capital (to risk-weighted assets): Actual Ratio	19.87	17.32
Capital (to adjusted tangible assets): Minimum For Capital Adequacy Purposes Amount	$ 42,590	$ 47,946
Common Equity Tier 1 Capital (to risk weighted assets)	39,091	43,934
Tier 1 Capital (to risk weighted assets)	52,122	58,579
Total Capital (to risk weighted assets)	$ 69,496	$ 78,105
Capital (to adjusted tangible assets): Minimum For Capital Adequacy Purposes Ratio	4	4
Common Equity Tier 1 Capital (to risk weighted assets)	4.50	4.50
Tier 1 Capital (to risk weighted assets)	6	6
Total Capital (to risk weighted assets)	8	8
Capital (to adjusted tangible assets): Minimum To be Well Capitalized under Prompt Corrective Action Provisions Capital Amount	$ 53,237	$ 59,933
Common Equity Tier 1 Capital (to risk weighted assets)	56,465	63,460
Tier 1 Capital (to risk weighted assets)	69,496	78,105
Total Capital (to risk weighted assets)	$ 86,870	$ 97,632
Capital (to adjusted tangible assets): Minimum To be Well Capitalized under Prompt Corrective Action Provisions Ratio	5	5
Common Equity Tier 1 Capital (to risk weighted assets)	6.50	6.50
Tier 1 Capital (to risk weighted assets)	8	8
Total Capital (to risk weighted assets)	10	10

Derivatives and Hedging Activ_3

Derivatives and Hedging Activities (Narrative) (Detail) - USD ($)	9 Months Ended
	Jun. 30, 2022	Sep. 30, 2021
Derivative [Line Items]
Minimum collateral posting thresholds with derivative counterparties	$ 0	$ 8,300,000
Interest Rate Swap [Member]
Derivative [Line Items]
Estimated interest expense	$ 1,300,000

Derivatives and Hedging Activ_4

Derivatives and Hedging Activities (Detail) - Interest Rate Swap Agreements [Member] - USD ($) $ in Thousands	Jun. 30, 2022	Sep. 30, 2021
Designated as Hedging Instrument [Member] | Other Assets [Member]
Derivative [Line Items]
Notional Amount, Asset Derivatives	$ 60,000	$ 40,000
Fair Value	2,848	14
Designated as Hedging Instrument [Member] | Other Liabilities [Member]
Derivative [Line Items]
Notional Amount, Liability Derivatives		30,000
Fair Value		47
Derivatives Not Designated As Hedging Instrument [Member] | Other Assets [Member]
Derivative [Line Items]
Notional Amount, Asset Derivatives	44,334	44,748
Fair Value	1,841	4,671
Derivatives Not Designated As Hedging Instrument [Member] | Other Liabilities [Member]
Derivative [Line Items]
Notional Amount, Liability Derivatives	44,334	44,748
Fair Value	$ 1,842	$ 4,673

Derivatives and Hedging Activ_5

Derivatives and Hedging Activities - Schedule of Offsetting of Derivative Assets and Liabilities (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Sep. 30, 2021
Offsetting of Derivative Assets
Gross Amounts of Recognized Assets	$ 4,690	$ 4,685
Net Amounts of Assets presented in the Statement of Financial Condition	4,690	4,685
Gross Amounts Not Offset in the Statements of Financial Condition, Financial Instruments	278
Gross Amounts Not Offset in the Statements of Financial Condition, Net Amount	4,412	4,685
Offsetting of Derivative Liabilities
Gross Amounts of Recognized Liabilities	1,842	4,720
Net Amounts of Liabilities presented in the Statement of Financial Condition	1,842	4,720
Gross Amounts Not Offset in the Statements of Financial Condition, Financial Instruments	278	221
Gross Amounts Not Offset in the Statements of Financial Condition, Cash Collateral Posted		8,257
Gross Amounts Not Offset in the Statements of Financial Condition, Net Amount	$ 1,564	$ (3,758)

Derivatives and Hedging Activ_6

Derivatives and Hedging Activities - Statement of Income Relating to The Cash Flow Derivative Instrument (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Derivative [Line Items]
Amount of Gain Recognized in OCI on Derivative	$ 658	$ (40)	$ 2,800	$ 274
Amount of Loss Reclassified from OCI to Interest Expense	36	(231)	(75)	(754)
Interest Rate Swap Agreements [Member]
Derivative [Line Items]
Amount of Gain Recognized in OCI on Derivative	658	(40)	2,800	274
Amount of Loss Reclassified from OCI to Interest Expense	$ 36	$ (231)	$ (75)	$ (754)

Derivatives and Hedging Activ_7

Derivatives and Hedging Activities - Schedule of Effects of Derivative Instruments on Consolidated Statements of Operations (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Derivative [Line Items]
Amount of Gain (Loss) Recognized in OCI on Derivative	$ 658	$ (40)	$ 2,800	$ 274
Interest Rate Swap Agreements [Member]
Derivative [Line Items]
Amount of Gain (Loss) Recognized in OCI on Derivative	658	(40)	2,800	274
Derivatives Not Designated As Hedging Instrument [Member]
Derivative [Line Items]
Amount of Gain (Loss) Recognized in OCI on Derivative	1	(1)	3	(2)
Derivatives Not Designated As Hedging Instrument [Member] | Interest Rate Swap Agreements [Member] | Other Income [Member]
Derivative [Line Items]
Amount of Gain (Loss) Recognized in OCI on Derivative	$ 1	$ (1)	$ 3	$ (2)

Fair Value Measurements (Detail

Fair Value Measurements (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Sep. 30, 2021
Assets
Investment securities available for sale, at fair value	$ 53,080	$ 40,813
Equity investment securities, at fair value	1,412	1,500
Derivative instruments	4,690	4,685
Liabilities
Derivative instruments	1,842	4,720
U. S. Government Agencies [Member]
Assets
Investment securities available for sale, at fair value	3,930	4,993
State And Municipal Obligations [Member]
Assets
Investment securities available for sale, at fair value	10,425	2,765
Single Issuer Trust Preferred Security [Member]
Assets
Investment securities available for sale, at fair value	919	875
Corporate Debt Securities [Member]
Assets
Investment securities available for sale, at fair value	34,074	32,180
Mutual Funds [Member]
Assets
Equity investment securities, at fair value	1,412	1,500
Fair Value, Measurements, Recurring [Member]
Assets
Investment securities available for sale, at fair value	53,079	40,813
Equity investment securities, at fair value	1,412	1,500
Total investment securities available for sale	54,491	42,313
Derivative instruments	4,690	4,685
Liabilities
Derivative instruments	1,842	4,720
Fair Value, Measurements, Recurring [Member] | U. S. Government Agencies [Member]
Assets
Investment securities available for sale, at fair value	3,930	4,993
Fair Value, Measurements, Recurring [Member] | State And Municipal Obligations [Member]
Assets
Investment securities available for sale, at fair value	10,425	2,765
Fair Value, Measurements, Recurring [Member] | Single Issuer Trust Preferred Security [Member]
Assets
Investment securities available for sale, at fair value	919	875
Fair Value, Measurements, Recurring [Member] | Corporate Debt Securities [Member]
Assets
Investment securities available for sale, at fair value	34,074	32,180
Fair Value, Measurements, Recurring [Member] | Mortgage Backed Securities Other [Member]
Assets
Investment securities available for sale, at fair value	2,267
Fair Value, Measurements, Recurring [Member] | US Treasury Notes Securities[ Member]
Assets
Investment securities available for sale, at fair value	1,465
Fair Value, Measurements, Recurring [Member] | Mutual Funds [Member]
Assets
Equity investment securities, at fair value	1,412	1,500
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Assets
Equity investment securities, at fair value	912	1,000
Total investment securities available for sale	912	1,000
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Mutual Funds [Member]
Assets
Equity investment securities, at fair value	912	1,000
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Assets
Investment securities available for sale, at fair value	53,079	40,813
Total investment securities available for sale	53,079	40,813
Derivative instruments	4,690	4,685
Liabilities
Derivative instruments	1,842	4,720
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | U. S. Government Agencies [Member]
Assets
Investment securities available for sale, at fair value	3,930	4,993
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	10,425	2,765
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	919	875
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Corporate Debt Securities [Member]
Assets
Investment securities available for sale, at fair value	34,074	32,180
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Mortgage Backed Securities Other [Member]
Assets
Investment securities available for sale, at fair value	2,267
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | US Treasury Notes Securities[ Member]
Assets
Investment securities available for sale, at fair value	1,465
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Assets
Equity investment securities, at fair value	500	500
Total investment securities available for sale	500	500
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Mutual Funds [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	9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Beginning balance	$ 500	$ 500
Payments received	0	0
Included in earnings	0	0
Included in other comprehensive income	0	0
Purchases	0	0
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	Jun. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)
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	0.04	0.064
Impaired Loans, Measurement Input	0.06
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	0.04	0.064
Impaired Loans, Measurement Input	0.12	0.08
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
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		0.120
Fair Value, Measurements, Nonrecurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value, nonrecurring basis	$ 19,131	$ 38,837
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	4,763	4,961
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	14,368	33,876
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 1 [Member] | Impaired Loans Net [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	19,131	19,937
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Other Real Estate Owned [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value, nonrecurring basis	4,763	4,961
Fair Value, Measurements, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member] | Impaired Loans Net [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, fair value, nonrecurring basis	$ 14,368	$ 14,976

Fair Value Measurements (Narrat

Fair Value Measurements (Narrative) (Detail)	12 Months Ended
	Sep. 30, 2021 USD ($) Number	Jun. 30, 2022 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired Loans with aggregate balance for four loans	$ 35,400,000	$ 14,200,000
Impaired Loans with specific loan loss allowance	1,544,000	73,000
Impaired Loans With No Specific Allowance, Recorded Investment	39,740,000	$ 19,536,000
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	$ 13,600,000
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	$ 33,200,000
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	$ 19,600,000

Fair Value Measurements (3) (De

Fair Value Measurements (3) (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Sep. 30, 2021
Financial assets:
Investment securities available-for-sale	$ 53,080	$ 40,813
Investment securities held-to-maturity	46,670	28,913
Equity securities Fair Value	1,412	1,500
Derivatives (included in Other Assets)	4,690	4,685
Financial liabilities:
Derivatives (included in Other Liabilities)	1,842	4,720
Equity securities Fair Value	1,412	1,500
Carrying Amount [Member]
Financial assets:
Cash and cash equivalents	39,759	136,590
Investment securities available-for-sale	53,080	40,813
Investment securities held-to-maturity	52,350	28,507
Equity securities Fair Value	1,412	1,500
Loans held for sale	13,863	33,199
Loans receivable, net (including impaired loans)	805,957	902,981
Accrued interest receivable	3,671	3,512
Restricted stock	6,027	7,776
Mortgage servicing rights (included in Other Assets)	91	83
Derivatives (included in Other Assets)	4,690	4,685
Financial liabilities:
Savings accounts	54,183	50,582
Checking and NOW accounts	327,263	390,494
Money market accounts	301,165	385,480
Certificates of deposit	109,082	111,603
Borrowings (excluding sub debt)	60,000	90,000
Subordinated debt	25,000	24,934
Derivatives (included in Other Liabilities)	1,842	4,720
Accrued interest payable	350	572
Equity securities Fair Value	1,412	1,500
Loans held for sale	13,863	33,199
Fair Value [Member]
Financial assets:
Cash and cash equivalents	39,759	136,590
Investment securities available-for-sale	53,080	40,813
Investment securities held-to-maturity	46,670	28,913
Equity securities Fair Value	1,412	1,500
Loans held for sale	13,863	33,199
Loans receivable, net (including impaired loans)	782,682	900,357
Accrued interest receivable	3,671	3,512
Restricted stock	6,027	7,776
Mortgage servicing rights (included in Other Assets)	111	83
Derivatives (included in Other Assets)	4,690	4,685
Financial liabilities:
Savings accounts	54,183	50,582
Checking and NOW accounts	327,263	390,494
Money market accounts	301,165	385,480
Certificates of deposit	108,359	113,323
Borrowings (excluding sub debt)	59,955	90,215
Subordinated debt	25,988	25,027
Derivatives (included in Other Liabilities)	1,842	4,720
Accrued interest payable	350	572
Equity securities Fair Value	1,412	1,500
Loans held for sale	13,863	33,199
Fair Value, Inputs, Level 1 [Member] | Fair Value [Member]
Financial assets:
Cash and cash equivalents	39,759	136,590
Equity securities Fair Value	945	1,000
Loans held for sale		19,583
Financial liabilities:
Equity securities Fair Value	945	1,000
Loans held for sale		19,583
Fair Value, Inputs, Level 2 [Member] | Fair Value [Member]
Financial assets:
Investment securities available-for-sale	53,080	40,813
Investment securities held-to-maturity	46,670	28,913
Accrued interest receivable	3,671	3,512
Restricted stock	6,027	7,776
Mortgage servicing rights (included in Other Assets)	111	83
Derivatives (included in Other Assets)	4,690	4,685
Financial liabilities:
Savings accounts	54,183	50,582
Checking and NOW accounts	327,263	390,494
Money market accounts	301,165	385,480
Certificates of deposit	108,359	113,323
Borrowings (excluding sub debt)	59,955	90,215
Subordinated debt	25,027	25,027
Derivatives (included in Other Liabilities)	1,842	4,720
Accrued interest payable	350	572
Fair Value, Inputs, Level 3 [Member] | Fair Value [Member]
Financial assets:
Equity securities Fair Value	500	500
Loans held for sale	13,863	13,616
Loans receivable, net (including impaired loans)	782,682	900,357
Financial liabilities:
Equity securities Fair Value	500	500
Loans held for sale	$ 13,863	$ 13,616

Comprehensive (Loss) Income (De

Comprehensive (Loss) Income (Detail) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Equity [Abstract]
Net unrealized holding (losses) gains on available-for-sale securities		$ (2,258)	$ 671	$ (4,995)	$ 1,135
Reclassification adjustment for net gains arising during the period	[1]		(165)		(779)
Amortization of unrealized holding losses on securities transferred from available-for-sale to held-to-maturity	[2]	2	1	6	3
Adjustment for loss recorded on replacement of derivative			(3)		(7)
Fair value adjustments on derivatives		623	194	2,875	1,034
Other comprehensive (loss) income before taxes		(1,633)	698	(2,114)	1,386
Tax effect		342	(148)	440	(292)
Total other comprehensive (loss) income		$ (1,291)	$ 550	$ (1,674)	$ 1,094
[1]Amounts are included in net gains on sale and call of investments on the Consolidated Statements of Income in total other income.[2]Amounts are included in interest and dividends on investment securities on the Consolidated Statements of Income.

Equity Based Compensation (Narr

Equity Based Compensation (Narrative) (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted shares	6,000		6,000
Share-based compensation			$ 248,000	$ 152,000
Granted shares	4,200	12,363	13,848	12,363
Forfeited shares			2,336
Restricted Stock
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Granted shares			13,848
Forfeited shares	0		0
Unrestricted fully vested shares			4,517
Malvern Bancorp, Inc. 2014 Long Term Incentive Compensation Plan (the 2014 Plan) [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Maximum number of shares available for grants	400,000		400,000
Number of remaining shares available for future grants	279,440		279,440
Description of vesting right			Restricted stock and option awards granted typically vest annually in 20% increments beginning on the one-year anniversary of the grant date
Granted shares			6,000	7,000
Share-based compensation	$ 8,000	$ 7,000	$ 26,000	$ 23,000
Stock options, forfeited and expired			2,000
Unrestricted shares			13,848
Unrestricted shares issued cost			$ 68,000
Unrestricted fully vested shares			4,517
Compensation cost not yet recognized	93,000		$ 93,000
Weighted average period			3 years 6 months 21 days
Malvern Bancorp, Inc. 2014 Long Term Incentive Compensation Plan (the 2014 Plan) [Member] | Restricted Stock
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share-based compensation	43,000	$ 43,000	$ 154,000	$ 129,000
Granted shares			13,848	12,363
Forfeited shares			2,336	0
Unrestricted fully vested shares			14,745	11,851
Compensation cost not yet recognized	$ 460,000		$ 460,000
Weighted average period			3 years 3 months 21 days
Malvern Bancorp, Inc. 2014 Long Term Incentive Compensation Plan (the 2014 Plan) [Member] | First Year Anniversary [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
First vesting percentage			20%
First vesting period			1 year

Equity Based Compensation (Deta

Equity Based Compensation (Detail) - Stock Option [Member] - Malvern Bancorp, Inc. 2014 Long Term Incentive Compensation Plan (the 2014 Plan) [Member] - $ / shares	9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Weighted Average Fair Value of Awards	$ 5.93	$ 6.06
Risk Free Rate	3.03%	1.25%
Volatility	30.04%	29.72%
Expected Life	6 years 6 months	6 years 6 months

Equity Based Compensation 1 (De

Equity Based Compensation 1 (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	9 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2022	Jun. 30, 2021	Sep. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Granted	6,000	6,000
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		32,830	25,830	25,830
Granted		6,000	7,000
Stock options, forfeited and expired		2,000
Outstanding, end of year	36,830	36,830	32,830	32,830
Exercisable at end of year	18,880	18,880	13,310
Nonvested at end of year	17,950	17,950	19,520
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Roll Forward]
Outstanding, beginning of year		$ 20.96	$ 21.57	$ 21.57
Granted		16.05	18.69
Forfeited/cancelled/expired		19.49
Outstanding, end of year	$ 20.24	20.24	20.96	$ 20.96
Exercisable at end of year	21.50	21.50	21.53
Nonvested at end of year	$ 18.90	$ 18.90	$ 20.56
Share-based Compensation Arrangement by Share-based Payment Award, Options, Weighted Average Remaining Contractual Life [Roll Forward]
Outstanding		7 years 29 days	6 years 5 months 10 days	6 years 10 months 15 days
Granted		9 years 10 months 3 days
Exercisable at end of year		5 years 9 months 24 days	8 years 5 months 16 days
Nonvested at end of year		8 years 4 months 28 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Aggregate Intrinsic Value [Roll Forward]
Outstanding, beginning of year	$ 220	$ 220	$ 4,860	$ 1,940
Exercisable at end of year	100	100	$ 4,860
Nonvested, at end of year	$ 120	$ 120

Equity Based Compensation 2 - R

Equity Based Compensation 2 - Restricted Stock Awards (Detail) - $ / shares	3 Months Ended		9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Granted	4,200	12,363	13,848	12,363
Forfeited/cancelled/expired			(2,336)
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]
Vested			(4,517)
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Granted			13,848
Vested			(4,517)
Forfeited/cancelled/expired	0		0
Restricted Stock | 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			31,486	30,653
Granted			13,848	12,363
Vested			(14,745)	(11,851)
Forfeited/cancelled/expired			(2,336)	0
Outstanding, end of year	28,253	31,165	28,253	31,165
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			$ 21.10	$ 21.98
Granted			15.84	18.69
Vested			21.77	20.87
Forfeited/cancelled/expired			19.98
Outstanding, end of year	$ 18.26	$ 21.09	$ 18.26	$ 21.09

Deposits (Detail)

Deposits (Detail) - USD ($) $ in Thousands	Jun. 30, 2022	Sep. 30, 2021
Deposits:
Savings	$ 54,184	$ 50,582
Money market accounts	301,165	385,480
Interest-bearing demand	270,532	336,645
Non-interest-bearing demand	56,731	53,849
Total deposits before certificates of deposit	682,612	826,556
Certificates of deposit	109,082	111,603
Total Deposits	$ 791,694	$ 938,159
Percentage of savings	6.84%	5.39%
Percentage of money market accounts	38.04%	41.09%
Percentage of interest bearing demand	34.17%	35.88%
Percentage of non-interest bearing demand	7.17%	5.74%
Percentage of total deposits before certificates of deposit	86.22%	88.10%
Percentage of certificates of deposit	13.78%	11.90%
Percentage of total deposits	100%	100%

Deposits (Narrative) (Detail)

Deposits (Narrative) (Detail) - USD ($) $ in Millions	Jun. 30, 2022	Sep. 30, 2021
Deposits:
Certificates of deposit greater than or equal to $250,000	$ 17.1	$ 16.9
Brokered deposits	$ 9.1	$ 6.1

Deposits 1 (Detail)

Deposits 1 (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Deposits:
Savings accounts	$ 11	$ 13	$ 37	$ 47
Money market accounts	206	586	703	2,053
Interest-bearing demand	315	431	839	1,457
Certificates of deposit	280	416	1,106	1,951
Total	$ 812	$ 1,446	$ 2,685	$ 5,508

Deposits (2) (Detail)

Deposits (2) (Detail) $ in Thousands	Jun. 30, 2022 USD ($)
Deposits:
2023	$ 56,284
2024	34,625
2025	7,554
2026	6,590
2027	2,844
Thereafter	1,186
Total	$ 109,082

Deposits (3) (Detail)

Deposits (3) (Detail) $ in Thousands	Jun. 30, 2022 USD ($)
Offsetting [Abstract]
Contract maturities of certificate of deposits in amount greater than $100,000, Three months or less	$ 8,748
Contract maturities of certificate of deposits in amount greater than $100,000, Over three through six months	9,075
Contract maturities of certificate of deposits in amount greater than $100,000, Over six through twelve months	13,405
Contract maturities of certificate of deposits in amount greater than $100,000, Over twelve months	29,709
Contract maturities of certificate of deposits in amount greater than $100,000, Total	$ 60,937

Subordinated Debt (Narrative) (

Subordinated Debt (Narrative) (Detail) - Subordinated Notes [Member] - USD ($)		9 Months Ended
	Feb. 07, 2017	Jun. 30, 2022
Debt Instrument [Line Items]
Aggregate principal amount	$ 25,000
Fixed interest rate	6.125%	5.10%
Description of fixed-to-floating interest rate terms		From February 7, 2017 to February 15, 2022, the Notes had a fixed rate of 6.125%.  During the period ended March 31, 2022, the rate on the Notes converted from fixed to a variable interest rate. The rate at June 30, 2022 was 5.10%. All costs related to 2017 issuance have been amortized. As of June 30, 2022, the Notes bear interest until the maturity date or early redemption date at a variable rate equal to the then current three-month LIBOR rate plus 414.5 basis points.
3-month LIBOR [Member]
Debt Instrument [Line Items]
Variable interest rate	4.145%