Prudential Bancorp (PBIP) 10-Q 10 Feb 20 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Dec. 31, 2019	Jan. 31, 2020
Document and Entity Information
Entity Registrant Name	PRUDENTIAL BANCORP, INC.
Entity Central Index Key	0001578776
Trading Symbol	pbip
Current Fiscal Year End Date	--09-30
Title of 12(g) Security	Common Stock
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Common Stock Shares Outstanding		8,895,474
Document Type	10-Q
Document Period End Date	Dec. 31, 2019
Amendment Flag	false
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false

UNAUDITED CONSOLIDATED STATEMEN

UNAUDITED CONSOLIDATED STATEMENT OF FINANCIAL CONDITION - USD ($) $ in Thousands	Dec. 31, 2019	Sep. 30, 2019
ASSETS
Cash and amounts due from depository institutions	$ 2,142	$ 2,395
Interest-bearing deposits	26,665	45,573
Total cash and cash equivalents	28,807	47,968
Certificates of deposit	2,351	2,351
Investment and mortgage-backed securities available for sale at fair value	530,918	512,822
Investment and mortgage-backed securities held to maturity (fair value-December 31,2019, $70,710; September 30, 2019, $69,507)	70,219	68,635
Equity securities	77	95
Loans receivable-net of allowance for loan losses (December 31, 2019, $5,528; September 30, 2019, $5,393)	588,847	585,456
Accrued interest receivable	4,603	4,549
Real estate owned	491	348
Restricted stock-at cost	17,579	16,406
Office properties and equipment-net	7,175	7,206
Bank owned life insurance	32,010	31,841
Deferred tax assets-net	2,189	2,358
Goodwill	6,102	6,102
Core deposit intangible	418	448
Prepaid expenses and other assets	3,615	2,849
TOTAL ASSETS	1,295,401	1,289,434
Deposits:
Non-interest-bearing	20,637	16,949
Interest-bearing	700,298	728,495
Total deposits	720,935	745,444
Advances from Federal Home Loan Bank (short-term)	130,000	90,000
Advances from Federal Home Loan Bank (long-term)	278,156	286,904
Accrued interest payable	2,038	4,328
Advances from borrowers for taxes and insurance	3,309	2,332
Accounts payable and accrued expenses	18,664	20,815
Total liabilities	1,153,102	1,149,823
STOCKHOLDERS' EQUITY:
Preferred stock, $.01 par value, 10,000,000 shares authorized; none issued
Common stock, $.01 par value, 40,000,000 shares authorized; 10,819,006 issued and 8,889,447 outstanding at December 31, 2019; 10,819,006 issued and 8,987,356 outstanding at September 30, 2019	108	108
Additional paid-in capital	118,673	118,384
Treasury stock, at cost: 1,929,559 shares at December 31, 2019 and September 30, 2019	29,698	29,698
Retained earnings	51,391	49,625
Accumulated other comprehensive income	1,825	1,192
Total stockholders' equity	142,299	139,611
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 1,295,401	$ 1,289,434

UNAUDITED CONSOLIDATED STATEM_2

UNAUDITED CONSOLIDATED STATEMENT OF FINANCIAL CONDITION (Parentheticals) - USD ($) $ in Thousands	Dec. 31, 2019	Sep. 30, 2019
UNAUDITED CONSOLIDATED STATEMENT OF FINANCIAL CONDITION
Investment and mortgage-backed securities held to maturity, fair value (in dollars)	$ 70,710	$ 69,507
Allowance for loan losses on loans receivable (in dollars)	$ 5,528	$ 5,393
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares 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, shares authorized	40,000,000	40,000,000
Common stock, shares issued	10,819,006	10,819,006
Common stock, shares outstanding	8,889,447	8,889,447
Number of treasury share purchased	1,929,559	302,019

UNAUDITED CONSOLIDATED STATEM_3

UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
INTEREST INCOME:
Interest on loans, including fees	$ 6,830,000	$ 6,462,000
Interest on mortgage-backed securities	2,793,000	1,755,000
Interest and dividends on investments	1,802,000	1,532,000
Interest on interest-bearing assets	402,000	252,000
Total interest income	11,827,000	10,001,000
INTEREST EXPENSE:
Interest on deposits	3,125,000	3,040,000
Interest on advances from FHLB (short-term)	456,000	67,000
Interest on advances from FHLB (long-term)	1,903,000	879,000
Total interest expense	5,484,000	3,986,000
NET INTEREST INCOME	6,343,000	6,015,000
PROVISION FOR LOAN LOSSES	125,000	0
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	6,218,000	6,015,000
NON-INTEREST INCOME:
Fees and other service charges	165,000	178,000
Gain on sale of securities available for sale	318,000
Loss on equity securities	(18,000)
Gain on sale of loans, net	26,000
Swap income	33,000	3,000
Income from bank owned life insurance	169,000	154,000
Other	139,000	45,000
Total non-interest income	832,000	380,000
NON-INTEREST EXPENSES:
Salaries and employee benefits	2,298,000	2,174,000
Data processing	192,000	183,000
Professional services	404,000	401,000
Office occupancy	204,000	238,000
Depreciation	155,000	155,000
Director compensation	59,000	65,000
Advertising	39,000	81,000
Core deposit amortization	30,000	33,000
Other	640,000	662,000
Total non-interest expenses	4,021,000	3,992,000
INCOME BEFORE INCOME TAXES	3,029,000	2,403,000
INCOME TAXES:
Current expense	566,000	559,000
Deferred tax benefit	0	(130,000)
Total income tax expense	566,000	429,000
NET INCOME	$ 2,463,000	$ 1,974,000
BASIC EARNINGS PER SHARE	$ 0.280	$ 0.220
DILUTED EARNINGS PER SHARE	0.280	0.220
DIVIDENDS PER SHARE	$ 0.07	$ 0.05

UNAUDITED CONSOLIDATED STATEM_4

UNAUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
UNAUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income	$ 2,463	$ 1,974
Unrealized holding (losses) gains on available-for-sale securities	(1,173)	3,424
Tax effect	246	(719)
Unrealized holding (losses) gain on interest rate swaps	2,292	(739)
Tax effect	(481)	155
Reclassification adjustment for gain on interest rate swap	(318)
Tax effect	67
Total other comprehensive income	633	2,121
Comprehensive income	$ 3,096	$ 4,095

UNAUDITED CONSOLIDATED STATEM_5

UNAUDITED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Common Stock	Additional Paid-In Capital	Treasury Stock	Retained Earnings	Accumulated Other Comprehensive (Loss) Income	Total
BALANCE at Sep. 30, 2018	$ 108	$ 118,345	$ (27,744)	$ 45,854	$ (8,154)	$ 128,409
Increase (Decrease) in Stockholders' Equity
Net income				1,974		1,974
Other comprehensive income (loss)					2,121	2,121
Dividends paid ($0.70 and $0.05 per share for December 31, 2019, December 31, 2018 respectively)				(447)		(447)
Purchase of treasury stock (96,165 shares)			(1,687)			(1,687)
Treasury stock used for employee benefit plans (1,773 shares)		(32)	32
Stock option expense		151				151
Restricted shares award expense		157				157
BALANCE at Dec. 31, 2018	108	118,621	(29,399)	47,381	(6,033)	130,678
BALANCE at Sep. 30, 2019	108	118,384	(29,698)	49,625	1,192	139,611
Increase (Decrease) in Stockholders' Equity
Net income				2,463		2,463
Other comprehensive income (loss)					633	633
Dividends paid ($0.70 and $0.05 per share for December 31, 2019, December 31, 2018 respectively)				(622)		(622)
Reclassification for Adoption of ASC Topic 842				(75)		(75)
Stock option expense		153				153
Restricted shares award expense		136				136
BALANCE at Dec. 31, 2019	$ 108	$ 118,673	$ (29,698)	$ 51,391	$ 1,825	$ 142,299

UNAUDITED CONSOLIDATED STATEM_6

UNAUDITED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parentheticals) - $ / shares	3 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
UNAUDITED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY
Dividends paid (in dollars per share)	$ 0.07	$ 0.05
Purchase of treasury stock		96,165
Treasury stock used for employee benefit plan		1,773

UNAUDITED CONSOLIDATED STATEM_7

UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
OPERATING ACTIVITIES:
Net income	$ 2,463	$ 1,974
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	155	155
Net accretion of premiums/discounts	(721)	(435)
Provision for loan losses	125	0
Gain on sale of investment and mortgage-backed securities	(318)
Net amortization of deferred loan fees and costs	(92)	(7)
Loss on equity securities	18
Writedown of real estate owned	40
Gain on sale of loans	(26)
Proceeds from the sale of loans held for sale	4,937
Originations of loans held for sale	(4,911)
Share-based compensation expense for stock opt ions and awards	289	308
Income from bank owned life insurance	(169)	(154)
Deferred income tax benefit	0	(130)
Changes in assets and liabilities which provided (used) cash:
Accrued interest receivable	(54)	(315)
Accrued interest payable	(2,290)	(1,675)
Net other	(43)	285
Net cash (used in) provided by operating activities	(597)	6
INVESTING ACTIVITIES:
Purchase of investment and mortgage-backed securities available for sale	(60,376)	(86,650)
Purchase of investment and mortgage-backed securities held for maturity	(2,500)
Loans originated or acquired	(32,974)	(30,865)
Principal collected on loans	29,463	45,430
Proceeds from sale of investment and mortgage-backed securities	17,774
Principal payments received on investment and mortgage-backed securities:
Held-to-maturity	902	2,230
Available-for-sale	23,346	3,978
Purchase of FHLB stock	(2,468)	(3,270)
Proceeds from redemption of FHLB stock	1,295	774
Purchases of equipment	(124)	(26)
Net cash used in investing activities	(25,662)	(68,399)
FINANCING ACTIVITIES:
Net increase (decrease) in demand deposits, NOW accounts, and savings accounts	24,371	(3,125)
Net decrease in certificates of deposit	(48,880)	(28,716)
Net proceeds from FHLB advances (short-term)	40,000	58,500
Proceeds from FHLB advances (long-term)		23,500
Repayment of FHLB advances (long-term)	(8,748)	(19,232)
Increase in advances from borrowers for taxes and insurance	977	1,327
Cash dividends paid	(622)	(447)
Purchase of treasury stock		(1,687)
Net cash provided by financing activities	7,098	30,120
NET DECREASE IN CASH AND CASH EQUIVALENT	(19,161)	(38,273)
CASH AND CASH EQUIVALENTS-Beginning of period	47,968	48,171
CASH AND CASH EQUIVALENTS-End of period	28,807	9,898
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Interest paid on deposits and advances from FHLB	7,774	5,661
Income taxes paid
SUPPLEMENTAL DISCLOSURES OF NONCASH ITEMS:
Real estate acquired in settlement of loans	183
Lease adoption:
Right of use lease asset	1,415
Lease liability	$ 1,536

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Dec. 31, 2019
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	1. SIGNIFICANT ACCOUNTING POLICIES Prudential Bancorp, Inc. (the “Company”) is a Pennsylvania corporation and the parent holding company for Prudential Bank (the “Bank”). The Company is a registered bank holding company. The Bank is a community-oriented, Pennsylvania-chartered savings bank headquartered in South Philadelphia. The banking office network currently consists of the headquarters and main office (which includes a branch office), an administrative office, and nine additional full-service branch offices. Eight of the branch offices are located in Philadelphia (Philadelphia County), one is in Drexel Hill, Delaware County, and one is in Huntingdon Valley, Montgomery County (both Pennsylvania counties). The Bank maintains ATMs at all 10 of the banking offices. The Bank also provides on-line and mobile banking services. The Bank is subject to regulation by the Pennsylvania Department of Banking and Securities (the “Department”), as its chartering authority and primary regulator, and by the Federal Deposit Insurance Corporation (the “FDIC”), which insures the Bank’s deposits up to applicable limits. As a bank holding company, the Company is subject to the regulation of the Board of Governors of the Federal Reserve System. Basis of presentation – The accompanying unaudited consolidated financial statements were prepared pursuant to the rules and regulations of the U. S. Securities and Exchange Commission (“SEC”) for interim information and therefore do not include all the information or footnotes necessary for a complete presentation of financial condition, results of operations, comprehensive income, changes in equity and cash flows in conformity with accounting principles generally accepted in the United States of America (“GAAP”). However, all normal recurring adjustments that, in the opinion of management, are necessary for a fair presentation of the financial statements have been included. The results for the three months ended December 31, 2019 are not necessarily indicative of the results that may be expected for the fiscal year ending September 30, 2020, or any other period. These financial statements should be read in conjunction with the audited consolidated financial statements of the Company and the accompanying notes thereto included in the Company’s Annual Report on Form 10‑K for the fiscal year ended September 30, 2019. The significant accounting policies followed in the presentation of interim financial results are the same as those followed on an annual basis. These policies are presented on pages 81 through 85 of the Form 10‑K for the year ended September 30, 2019. Use of Estimates in the Preparation of Financial Statements — The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of income and expenses during the reporting period. The most significant estimates and assumptions in the Company’s consolidated financial statements are recorded in the allowance for loan losses, deferred income taxes, other-than-temporary impairment, and the fair value measurement for financial instruments. Actual results could differ from those estimates. Recently Adopted Accounting Pronouncements Effective October 1, 2019, the Company adopted ASU 2016-02 – Leases . This Update and all subsequent ASU’s that modified Topic 842 set forth a new lease accounting model for lessors and lessees. For lessees, virtually all leases will have to be recognized on the balance sheet by recording a right-of-use asset and lease liability. Subsequent accounting for leases varies depending on whether the lease is an operating lease or a finance lease. The accounting provided by a lessor is largely unchanged from that applied under the existing guidance. The ASU requires additional qualitative and quantitative disclosures with objective of enabling users of financial statements to assess the amount, timing and uncertainty of cash flows arising from leases. The Update and its related amendments resulted in the recognition of operating right-of-use assets totaling $1.5 million and operating lease liabilities totaling $1.6 million. A $75,000 prior period adjustment to retained earnings was recognized as of October 1, 2019. The Company has presented the necessary disclosures in Note 15. Recent Accounting Pronouncements Not Yet Adopted In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments , which changes the impairment model for most financial assets. This Update is intended to improve financial reporting by requiring timelier recording of credit losses on loans and other financial instruments held by financial institutions and other organizations. The underlying premise of the Update is that financial assets measured at amortized cost should be presented at the net amount expected to be collected, through an allowance for credit losses that is deducted from the amortized cost basis. The allowance for credit losses should reflect management’s current estimate of credit losses that are expected to occur over the remaining life of a financial asset. The income statement will be affected for the measurement of credit losses for newly recognized financial assets, as well as the expected increases or decreases of expected credit losses that have taken place during the period. This Update defers the effective date of ASU 2016-13 for SEC filers that are eligible to be smaller reporting companies, non-SEC filers, and all other companies to fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. We expect to recognize a one-time cumulative effect adjustment to the allowance for loan losses as of the beginning of the first reporting period in which the new standard is effective, but cannot yet determine the magnitude of any such one-time adjustment or the overall impact of the new guidance on the consolidated financial statements. In March 2017, the FASB issued ASU 2017-08, Receivables – Nonrefundable Fees and Other Costs (Subtopic In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework – Changes the Disclosure Requirements for Fair Value Measurements . The Update removes the requirement to disclose the amount of and reasons for transfers between Level I and Level II of the fair value hierarchy; the policy for timing of transfers between levels; and the valuation processes for Level III fair value measurements. The Update requires disclosure of changes in unrealized gains and losses for the period included in other comprehensive income (loss) for recurring Level III fair value measurements held at the end of the reporting period and the range and weighted average of significant unobservable inputs used to develop Level III fair value measurements. This Update is effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. The Company is currently evaluating the impact the adoption of the standard will have on the Company’s financial position or results of operations. In May 2019, the FASB issued ASU 2019-05, Financial Instruments – Credit Losses, Topic 326, which allows entities to irrevocably elect the fair value option for certain financial assets previously measured at amortized cost upon adoption of the new credit losses standard. To be eligible for the transition election, the existing financial asset must otherwise be both within the scope of the new credit losses standard and eligible for the applying the fair value option in ASC 825-10-3. The election must be applied on an instrument-by-instrument basis and is not available for either available-for-sale or held-to-maturity debt securities. For entities that elect the fair value option, the difference between the carrying amount and the fair value of the financial asset would be recognized through a cumulative-effect adjustment to opening retained earnings as of the date an entity adopted ASU 2016-13. Changes in fair value of that financial asset would subsequently be reported in current earnings. For entities that have not yet adopted ASU 2016-13, the effective dates and transition requirements are the same as those in ASU 2016-13. In November 2019, the FASB issued ASU 2019-08, Compensation ‒ Stock Compensation (Topic 718) and Revenue from Contracts with Customers (Topic 606), which requires entities to measure and classify sharebased payments to a customer, in accordance with the guidance in ASC 718, Compensation ‒ Stock Compensation. The amendments in that Update expanded the scope of Topic 718 to include share-based payment transactions for acquiring goods and services from nonemployees and, in doing so, superseded guidance in Subtopic 505-50, Equity ‒ Equity-Based Payments to Non-Employees. The amount that would be recorded as a reduction in revenue would be measured based on the grant date fair value of the sharebased payment, in accordance with Topic 718. The grant date is the date at which a supplier and customer reach a mutual understanding of the award’s key terms and conditions. The award’s classification and subsequent measurement would be subject to ASC 718 unless the award is modified or the grantee is no longer a customer. For entities that have not yet adopted the amendments in Update 2018-07, the amendments in this Update are effective for (1) public business entities in fiscal years beginning after December 15, 2019, and interim periods within those fiscal years, and (2) other than public business entities in fiscal years beginning after December 15, 2019, and interim periods within fiscal years beginning after December 15, 2020. For entities that have adopted the amendments in Update 2018-07, the amendments in this Update are effective in fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. An entity may early adopt the amendments in this Update, but not before it adopts the amendments in Update 2018-07. The Company is currently evaluating the impact the adoption of the standard will have on the Company’s financial position or results of operations. In November 2019, the FASB issued ASU 2019-10, Financial Instruments ‒ Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842) . The Update defers the effective dates of ASU 2016-13 for SEC filers that are eligible to be smaller reporting companies, non-SEC filers, and all other companies to fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. This Update also amends the mandatory effective date for the elimination of Step 2 from the goodwill impairment test under ASU No. 2017-04, Intangibles ‒ Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment (Goodwill), to align with those used for credit losses. Furthermore, the ASU provides a one-year deferral of the effective dates of the ASUs on derivatives and hedging and leases for companies that are not public business entities. The Company qualifies as a smaller reporting company and does not expect to early adopt these ASUs. In November 2019, the FASB issued ASU 2019-11, Codification Improvements to Topic 326, Financial Instruments – Credit Losses , to clarify its new credit impairment guidance in ASC 326, based on implementation issues raised by stakeholders. This Update clarified, among other things, that expected recoveries are to be included in the allowance for credit losses for these financial assets; an accounting policy election can be made to adjust the effective interest rate for existing troubled debt restructurings based on the prepayment assumptions instead of the prepayment assumptions applicable immediately prior to the restructuring event; and extends the practical expedient to exclude accrued interest receivable from all additional relevant disclosures involving amortized cost basis. The effective dates in this Update are the same as those applicable for ASU 2019-10. The Company is currently evaluating the impact the adoption of the standard will have on the Company’s financial position or results of operations. In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740) , to simplify the accounting for income taxes, change the accounting for certain tax transactions, and make minor improvements to the codification. This Update provides a policy election to not allocate consolidated income taxes when a member of a consolidated tax return is not subject to income tax and provides guidance to evaluate whether a step-up in tax basis of goodwill relates to a business combination in which book goodwill was recognized or a separate transaction. The Update also changes current guidance for making an intraperiod allocation if there is a loss in continuing operations and gains outside of continuing operations; determining when a deferred tax liability is recognized after an investor in a foreign entity transitions to or from the equity method of accounting; accounting for tax law changes and year-to-date losses in interim periods; and determining how to apply the income tax guidance to franchise taxes that are partially based on income. For public business entities, the amendments in this Update are effective for fiscal years and interim periods within those fiscal years, beginning after December 15, 2020. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2021, and interim periods within fiscal years beginning after December 15, 2022. The Company is currently evaluating the impact the adoption of the standard will have on the Company’s financial position or results of operations.

EARNINGS PER SHARE

EARNINGS PER SHARE	3 Months Ended
	Dec. 31, 2019
EARNINGS PER SHARE
EARNINGS PER SHARE	2. EARNINGS PER SHARE Basic earnings per common share is computed by dividing net income available to common stockholders by the weighted average number of shares of common stock outstanding, net of any treasury shares, during the period. Diluted earnings per share is calculated by dividing net income available to common stockholders by the weighted average number of shares of common stock outstanding, net of any treasury shares, after consideration of the potential dilutive effect of common stock equivalents, based upon the treasury stock method using an average market price for the period. The calculated basic and diluted earnings per share are as follows: Three Months Ended December 31, 2019 2018 Basic Diluted Basic Diluted (Dollars in Thousands, Except Per Share Data) Net income $ 2,463 $ 2,463 $ 1,974 $ 1,974 Weighted average shares outstanding 8,755,165 8,755,165 8,804,096 8,804,096 Effect of common stock equivalents — 170,827 — 189,276 Adjusted weighted average shares used in earnings per share computation 8,755,165 8,925,992 8,804,096 8,993,372 Earnings per share - basic and diluted $ 0.28 $ 0.28 $ 0.22 $ 0.22 As of December 31, 2019 and 2018, there were 550,832 and 666,526 shares of common stock, respectively, subject to options with exercise prices that were less than the then current market and which were included in the computation of diluted earnings per share. At December 31, 2019 and 2018, there were 242,202 and 198,084 shares that had exercise prices greater than the current market value and were considered anti-dilutive at such dates.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	3 Months Ended
	Dec. 31, 2019
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	3. ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) The following table presents the changes in accumulated other comprehensive (loss) income by component net of tax: Three Months Ended December 31, Three Months Ended December 31, 2019 2018 Total accumulated Total accumulated Unrealized Unrealized gain(loss) Other Unrealized Unrealized gain(loss) Other gain(loss) on AFS on interest rate swaps Comprehensive gain(loss) on AFS on interest rate Comprehensive securities (a) (a) income (loss) securities (a) swaps (a) income (loss) Beginning balance, October 1 $ 8,098 $ (6,906) $ 1,192 $ (8,320) $ 166 $ (8,154) Other comprehensive (loss)income before reclassification (927) 1,810 883 2,705 (584) 2,121 Total 7,171 (5,096) 2,075 (5,615) (418) (6,033) Reclassification for net gains recorded in net income (251) — (251) — — — Ending balance, December 31 $ 6,920 $ (5,096) $ 1,824 $ (5,615) $ (418) $ (6,033) (a) All amounts are net of tax. Amounts in parentheses indicate losses.

INVESTMENT AND MORTGAGE-BACKED

INVESTMENT AND MORTGAGE-BACKED SECURITIES	3 Months Ended
	Dec. 31, 2019
INVESTMENT AND MORTGAGE-BACKED SECURITIES
INVESTMENT AND MORTGAGE-BACKED SECURITIES	4. INVESTMENT AND MORTGAGE-BACKED SECURITIES The amortized cost and fair value of investment and mortgage-backed securities, with gross unrealized gains and losses, are as follows: December 31, 2019 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Dollars in Thousands) Securities Available for Sale: U.S. government and agency obligations $ 20,836 $ 1 $ (132) $ 20,705 State and political subdivisions 75,965 463 (283) 76,145 Mortgage-backed securities - U.S. government agencies 357,032 6,783 (538) 363,277 Corporate bonds 68,325 2,472 (6) 70,791 Total securities available for sale $ 522,158 $ 9,719 $ (959) $ 530,918 Securities Held to Maturity: U.S. government and agency obligations $ 45,849 $ 159 $ (512) $ 45,496 Mortgage-backed securities - U.S. government agencies 4,507 221 (2) 4,726 State and political subdivisions 19,863 635 (10) 20,488 Total securities held to maturity $ 70,219 $ 1,015 $ (524) $ 70,710 The amortized cost and fair value of equity securities: December 31, 2019 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Dollars in Thousands) Equity securities FHLMC preferred stock $ 6 $ 71 $ — $ 77 Total equity securities $ 6 $ 71 $ — $ 77 September 30,2019 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Dollars in Thousands) Securities Available for Sale: U.S. government and agency obligations $ 24,960 $ 3 $ (98) $ 24,865 State and political subdivisions 47,909 484 (747) 47,646 Mortgage-backed securities - U.S. government agencies 362,342 8,836 (406) 370,772 Corporate debt securities 67,360 2,217 (38) 69,539 Total debt securities available for sale $ 502,571 $ 11,540 $ (1,289) $ 512,822 Securities Held to Maturity: U.S. government and agency obligations $ 43,349 $ 181 $ (188) $ 43,342 State and political subdivisions 20,474 645 — 21,119 Mortgage-backed securities - U.S. government agencies 4,812 238 (4) 5,046 Total securities held to maturity $ 68,635 $ 1,064 $ (192) $ 69,507 The amortized cost and fair value of equity securities: September 30,2019 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Dollars in Thousands) Equity securities FHLMC preferred stock $ 6 $ 89 $ — $ 95 Total equity securities $ 6 $ 89 $ — $ 95 As of December 31, 2019, the Bank maintained $320.8 million of securities in a safekeeping account at the FHLB of Pittsburgh available to be used for collateral and convenience. As of December 31, 2019, The Bank was only required to hold $188.3 million as specific collateral for its borrowings; therefore the $132.5 million excess securities are not restricted and could be sold or transferred if needed. The following table shows the gross unrealized losses and related fair values of the Company’s investment securities, aggregated by investment category and length of time that individual securities had been in a continuous loss position at December 31, 2019: Less than 12 months More than 12 months Total Gross Gross Gross Unrealized Fair Unrealized Fair Unrealized Fair Losses Value Losses Value Losses Value (Dollars in Thousands) Securities Available for Sale: U.S. government and agency obligations $ (33) $ 9,967 $ (99) $ 3,738 $ (132) $ 13,705 State and political subdivisions (58) 16,278 (225) 23,724 (283) 40,002 Mortgage-backed securities - US government agencies (193) 32,496 (345) 33,505 (538) 66,001 Corporate bonds — — (6) 1,022 (6) 1,022 Total securities available for sale $ (284) $ 58,741 $ (675) $ 61,989 $ (959) $ 120,730 Securities Held to Maturity: U.S. government and agency obligations $ (512) $ 44,337 $ — $ — $ (512) $ 44,337 Mortgage-backed securities - US government agencies (2) 759 — — (2) 759 State and political subdivisions (10) 2,015 — — (10) 2,015 Total securities held to maturity $ (524) $ 47,111 $ — $ — $ (524) $ 47,111 Total $ (808) $ 105,852 $ (675) $ 61,989 $ (1,483) $ 167,841 The following table shows the gross unrealized losses and related fair values of the Company’s investment securities, aggregated by investment category and length of time that individual securities had been in a continuous loss position at September 30, 2019: Less than 12 months More than 12 months Total Gross Gross Gross Unrealized Fair Unrealized Fair Unrealized Fair Losses Value Losses Value Losses Value (Dollars in Thousands) Securities Available for Sale: U.S. government and agency obligations $ (3) $ 6,997 $ (95) $ 3,866 $ (98) $ 10,863 State and political subdivisions (4) 890 (743) 23,784 (747) 24,674 Mortgage-backed securities - US government agencies (86) 50,057 (320) 37,056 (406) 87,113 Corporate bonds (13) 1,989 (25) 3,014 (38) 5,003 Total securities available for sale $ (106) $ 59,933 $ (1,183) $ 67,720 $ (1,289) $ 127,653 Securities Held to Maturity: U.S. government and agency obligations $ (188) $ 14,811 $ — $ — $ (188) $ 14,811 Mortgage-backed securities - US government agencies (4) 794 — — (4) 794 State and political subdivisions — — — — — — Total securities held to maturity $ (192) $ 15,605 $ — $ — $ (192) $ 15,605 Total $ (298) $ 75,538 $ (1,183) $ 67,720 $ (1,481) $ 143,258 Management evaluates securities for other-than-temporary impairment (“OTTI”) at least once each quarter, and more frequently when economic or market concerns warrant such evaluation. The evaluation is based upon factors such as the creditworthiness of the issuers/guarantors, the underlying collateral, if applicable, and the continuing performance of the securities. Management also evaluates other facts and circumstances that may be indicative of an OTTI condition. This includes, but is not limited to, an evaluation of the type of security, the length of time and extent to which the fair value of the security has been less than cost, and the near-term prospects of the issuer. The Company assesses whether a credit loss exists with respect to a security by considering whether (1) the Company has the intent to sell the security, (2) it is more likely than not that it will be required to sell the security before recovery has occurred, or (3) it does not expect to recover the entire amortized cost basis of the security. The Company bifurcates the OTTI impact on impaired securities where impairment in value was deemed to be other than temporary between the component representing credit loss and the component representing loss related to other factors. The portion of the fair value decline attributable to credit loss must be recognized through a charge to earnings. The credit component is determined by comparing the present value of the cash flows expected to be collected, discounted at the rate in effect before recognizing any OTTI, with the amortized cost basis of the debt security. The Company uses the cash flows expected to be realized from the security, which includes assumptions about interest rates, timing and severity of defaults, estimates of potential recoveries, the cash flow distribution from the security and other factors, then applies a discount rate equal to the effective yield of the security. The difference between the present value of the expected cash flows and the amortized book value is considered a credit loss. The fair value of the security is determined using the same expected cash flows; the discount rate is a rate the Company determines from open market and other sources as appropriate for the particular security. The difference between the fair value and the security’s remaining amortized cost is recognized in other comprehensive income (loss). For both the three months ended December 31, 2019 and 2018, the Company did not record any credit losses on investment securities through earnings. U.S. Government and Agency Obligations - At December 31, 2019, there were 16 securities in a gross unrealized loss position for less than 12 months while there was one security in a gross unrealized loss position for more than 12 months at such date. These securities represent asset-backed issues that are issued or guaranteed by a U.S. Government sponsored agency or carry the full faith and credit of the United States through a government agency and are currently rated AAA by at least one bond credit rating agency. As a result, the Company does not consider these investments to be other-than-temporarily impaired at December 31, 2019. Mortgage-Backed Securities – At December 31, 2019, there were 21 mortgage-backed securities in a gross unrealized loss position for less than 12 months, while there were 27 securities in a gross unrealized loss position for more than 12 months at such date. These securities represent asset-backed issues that are issued or guaranteed by a U.S. Government sponsored agency or carry the full faith and credit of the United States through a government agency and all of them are currently rated AAA by at least one bond credit rating agency. As a result, the Company does not consider these investments to be other-than-temporarily impaired at December 31, 2019. Corporate Debt Securities – At December 31, 2019, there were no securities in a gross unrealized loss for less than 12 months, while there was one security in a gross unrealized loss position for more than 12 months at such date. These securities were issued by publicly reporting companies with an investment grade rating by at least one bond credit rating agency. As a result, the Company does not consider these investments to be other-than-temporarily impaired at December 31, 2019. State and political subdivisions – At December 31, 2019, there were two securities in a gross unrealized loss for less than 12 months, while there were twelve securities in a gross unrealized loss position for more than 12 months at such date. The unrealized losses on these debt securities relate principally to the changes in market interest rates in the financial markets and are not as a result of projected short fall of cash flows. These securities were issued by local municipalities/school districts with an investment grade rating by at least one bond credit rating agency. As a result, the Company does not consider these investments to be other-than-temporarily impaired at December 31, 2019. The amortized cost and fair value of debt securities, by contractual maturity, are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. The maturity table below excludes mortgage-backed securities because the contractual maturities of such securities are not indicative of actual maturities due to significant prepayments. December 31,2019 Held to Maturity Available for Sale Amortized Fair Amortized Fair Cost Value Cost Value (Dollars in Thousands) Due after one through five years $ 1,707 $ 1,721 $ 20,571 $ 21,104 Due after five through ten years 24,121 24,600 47,754 49,688 Due after ten years 39,884 39,663 96,801 96,849 Total $ 65,712 $ 65,984 $ 165,126 $ 167,641 During the three month period ended December 31, 2019, the Company sold securities with an aggregate amortized cost of $17.5 million for a recognized aggregate gain of $318,000. During the three month period ended December 31, 2018, the Company did not sell any securities.

LOANS RECEIVABLE

LOANS RECEIVABLE	3 Months Ended
	Dec. 31, 2019
LOANS RECEIVABLE
LOANS RECEIVABLE	5. LOANS RECEIVABLE Loans receivable consist of the following: December 31, September 30, 2019 2019 (Dollars in Thousands) One-to-four family residential $ 262,706 $ 268,780 Multi-family residential 24,692 30,582 Commercial real estate 129,589 128,521 Construction and land development 251,972 253,368 Commercial business 19,160 19,630 Loans to financial institutions 6,000 6,000 Leases 391 518 Consumer 854 834 Total loans 695,364 708,233 Undisbursed portion of loans-in-process (98,555) (114,528) Deferred loan fees (2,434) (2,856) Allowance for loan losses (5,528) (5,393) Net loans $ 588,847 $ 585,456 The following table summarizes by loan segment the balance in the allowance for loan losses and the loans individually and collectively evaluated for impairment by loan segment at December 31, 2019: One- to four - Construction Lans to family Multi-family Commercial real and land Commercial financial residential residential estate development business institutions Leases Consumer Unallocated Total (Dollars in Thousands) Allowance for Loan Losses: Individually evaluated for impairment $ — $ — $ — $ — $ — $ — $ — $ — $ — $ — Collectively evaluated for impairment 999 255 1,281 2,205 201 63 4 12 508 5,528 Total ending allowance balance $ 999 $ 255 $ 1,281 $ 2,205 $ 201 $ 63 $ 4 $ 12 $ 508 $ 5,528 Loans: Individually evaluated for impairment $ 4,028 $ — $ 1,473 $ 8,750 $ 15 $ — $ — $ 56 $ 14,322 Collectively evaluated for impairment 258,678 24,692 128,116 243,222 19,145 6,000 391 798 681,042 Total loans $ 262,706 $ 24,692 $ 129,589 $ 251,972 $ 19,160 $ 6,000 $ 391 $ 854 $ 695,364 The following table summarizes by loan segment the balance in the allowance for loan losses and the loans individually and collectively evaluated for impairment by loan segment at September 30, 2019: One- to four - Construction Loanss to family Multi-family Commercial real and land Commercial financial residential residential estate development business institutions Leases Consumer Unallocated Total (Dollars in Thousands) Allowance for Loan Losses: Individually evaluated for impairment $ — $ — $ — $ — $ — $ — $ — $ — $ — $ — Collectively evaluated for impairment 1,002 315 1,257 2,034 206 63 5 13 498 5,393 Total ending allowance balance $ 1,002 $ 315 $ 1,257 $ 2,034 $ 206 $ 63 $ 5 $ 13 $ 498 $ 5,393 Loans: Individually evaluated for impairment $ 4,827 $ — $ 1,965 $ 8,750 $ — $ — $ — $ — $ 15,542 Collectively evaluated for impairment 263,953 30,582 126,556 244,618 19,630 6,000 518 834 692,691 Total loans $ 268,780 $ 30,582 $ 128,521 $ 253,368 $ 19,630 $ 6,000 $ 518 $ 834 $ 708,233 The loan portfolio is segmented at a level that allows management to monitor both risk and performance. Management evaluates for potential impairment all construction, multi-family, commercial real estate, commercial business loans, all leases and all loans and leases more than 90 days delinquent as to principal and/or interest. Loans are considered to be impaired when, based on current information and events, it is probable that the Company will be unable to collect in full the scheduled payments of principal and/or interest when due according to the contractual terms of the loan agreement. Once the determination is made that a loan is impaired, the determination of whether a specific allocation of the allowance is necessary is generally measured by comparing the recorded investment in the loan to the fair value of the loan using one of the following three methods: (a) the present value of the expected future cash flows discounted at the loan’s effective interest rate; (b) the loan’s observable market price; or (c) the fair value of the collateral less selling costs. Management primarily utilizes the fair value of collateral method as a practically expedient alternative. On collateral method evaluations, any portion of the loan deemed uncollectible is charged-off against the loan loss allowance. The following table presents impaired loans by class as of December 31, 2019, segregated by those for which a specific allowance was required and those for which a specific allowance was not required. Impaired Loans with Impaired Loans with No Specific Specific Allowance Allowance Total Impaired Loans (Dollars in Thousands) Unpaid Recorded Related Recorded Recorded Principal Investment Allowance Investment Investment Balance One-to-four family residential $ — $ — $ 4,028 $ 4,028 $ 4,392 Commercial real estate — — 1,473 1,473 1,632 Construction and land development — — 8,750 8,750 11,131 Commercial business — — 15 15 15 Consumer — — 56 56 56 Total impaired loans $ — $ — $ 14,322 $ 14,322 $ 17,226 The following table presents impaired loans by class as of September 30, 2019, segregated by those for which a specific allowance was required and those for which a specific allowance was not required. Impaired Loans with Impaired Loans with No Specific Specific Allowance Allowance Total Impaired Loans (Dollars in Thousands) Unpaid Recorded Related Recorded Recorded Principal Investment Allowance Investment Investment Balance One-to-four family residential $ — $ — $ 4,827 $ 4,827 $ 5,179 Commercial real estate — — 1,965 1,965 2,125 Construction and land development — — 8,750 8,750 11,131 Total impaired loans $ — $ — $ 15,542 $ 15,542 $ 18,435 The following tables present the average recorded investment in impaired loans and related interest income recognized for the periods indicated: Three Months Ended December 31, 2019 Average Income Income Recorded Recognized on Recognized on Investment Accrual Basis Cash Basis (Dollars in Thousands) One-to-four family residential $ 4,593 $ 3 $ 9 Multi-family residential 148 — — Commercial real estate 1,769 — 1 Construction and land development 8,750 — — Commercial business 8 — 1 Consumer 31 — — Total loans $ 15,299 $ 3 $ 11 Three Months Ended December 31, 2018 Average Income Income Recorded Recognized on Recognized on Investment Accrual Basis Cash Basis (Dollars in Thousands) One-to-four family residential $ 5,158 $ 15 $ 5 Multi-family residential 296 5 — Commercial real estate 2,064 10 1 Construction and land development 8,752 — — Consumer 5 — — Total loans $ 16,275 $ 30 $ 6 Federal regulations and our loan policy require that the Company utilize an internal asset classification system as a means of reporting problem and potential problem assets. The Company has incorporated an internal asset classification system, consistent with Federal banking regulations, as a part of its credit monitoring system. Management currently classifies problem and potential problem assets as “special mention”, “substandard,” “doubtful” or “loss” assets. An asset is considered “substandard” if it is inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. “Substandard” assets include those characterized by the “distinct possibility” that the insured institution will sustain “some loss” if the deficiencies are not corrected. Assets classified as “doubtful” have all of the weaknesses inherent in those classified “substandard” with the added characteristic that the weaknesses present make “collection or liquidation in full,” on the basis of currently existing facts, conditions, and values, “highly questionable and improbable.” Assets classified as “loss” are those considered “uncollectible” and of such little value that their continuance as assets without the establishment of a specific loss reserve is not warranted. Assets which do not currently expose the insured institution to sufficient risk to warrant classification in one of the aforementioned categories but possess weaknesses are required to be designated “special mention.” The following tables present the classes of the loan portfolio in which a formal risk weighting system is utilized summarized by the aggregate “Pass” and the criticized category of “special mention”, and the classified categories of “substandard”, “doubtful” and “loss” within the Company’s risk rating system as applied to the loan portfolio. The Company had no loans classified as “doubtful” or “loss” at either of the dates presented. December 31, 2019 Special Total Pass Mention Substandard Loans (Dollars in Thousands) One-to-four family residential $ 257,164 $ 1,514 $ 4,028 $ 262,706 Multi-family residential 24,692 — — 24,692 Commercial real estate 124,425 3,691 1,473 129,589 Construction and land development 243,222 — 8,750 251,972 Loans to financial institutions 6,000 — — 6,000 Commercial business 19,145 — 15 19,160 Total loans $ 674,648 $ 5,205 $ 14,266 $ 694,119 September 30, 2019 Special Total Pass Mention Substandard Loans (Dollars in Thousands) One-to-four family residential $ 262,164 $ 1,789 $ 4,827 $ 268,780 Multi-family residential 30,582 — — 30,582 Commercial real estate 122,838 3,718 1,965 128,521 Construction and land development 244,618 — 8,750 253,368 Loans to financial institutions 6,000 — — 6,000 Commercial business 19,630 — — 19,630 Total loans $ 685,832 $ 5,507 $ 15,542 $ 706,881 The Company evaluates the classification of one-to-four family residential and consumer loans primarily on a pooled basis. If the Company becomes aware that adverse or distressed conditions exist that may affect a particular single-family residential loan, the loan is downgraded following the above definitions of special mention, substandard, doubtful and loss. The following tables represent loans in which a formal risk rating system is not utilized, but loans are segregated between performing and non-performing based primarily on delinquency status. Non-performing loans that would be included in the table are those loans greater than 90 days past due as to principal and/or interest that do not have a designated risk rating. December 31,2019 Non- Total Performing Performing Loans (Dollars in Thousands) One-to-four family residential $ 259,257 $ 3,449 $ 262,706 Leases 391 — 391 Consumer 798 56 854 Total loans $ 260,446 $ 3,505 $ 263,951 September 30,2019 Non- Total Performing Performing Loans (Dollars in Thousands) One-to-four family residential $ 265,068 $ 3,712 $ 268,780 Leases 518 — 518 Consumer 834 — 834 Total loans $ 266,420 $ 3,712 $ 270,132 Management further monitors the performance and credit quality of the loan portfolio by analyzing the age of the portfolio as determined by the length of time a recorded payment is due or overdue, as the case may be. The following table presents the loan categories of the loan portfolio summarized by the aging categories of performing and delinquent loans and nonaccrual loans: December 31, 2019 90 Days+ 30‑89 Days 90 Days + Total Total Non- Past Due Current Past Due Past Due Past Due Loans Accrual and Accruing (Dollars in Thousands) One-to-four family residential $ 259,186 $ 1,009 $ 2,511 $ 3,520 $ 262,706 $ 3,449 $ — Multi-family residential 24,692 — — — 24,692 — — Commercial real estate 128,172 — 1,417 1,417 129,589 1,473 — Construction and land development 243,222 — 8,750 8,750 251,972 8,750 — Commercial business 19,145 — 15 15 19,160 15 — Loans to financial institutions 6,000 — — — 6,000 — — Leases 391 — — — 391 — — Consumer 688 110 56 166 854 56 — Total loans $ 681,496 $ 1,119 $ 12,749 $ 13,868 $ 695,364 $ 13,743 $ — September 30, 2019 90 Days+ 30‑89 Days 90 Days + Total Total Non- Past Due Current Past Due Past Due Past Due Loans Accrual and Accruing (Dollars in Thousands) One-to-four family residential $ 264,784 $ 750 $ 3,246 $ 3,996 $ 268,780 $ 3,712 $ — Multi-family residential 30,582 — — — 30,582 — — Commercial real estate 127,104 — 1,417 1,417 128,521 1,473 — Construction and land development 244,618 — 8,750 8,750 253,368 8,750 — Commercial business 19,630 — — — 19,630 — — Loans to financial institutions 6,000 — — — 6,000 — — Leases 518 — — — 518 — — Consumer 739 95 — 95 834 — — Total loans $ 693,975 $ 845 $ 13,413 $ 14,258 $ 708,233 $ 13,935 $ — The allowance for loan losses is established through a provision for loan losses charged to expense. The Company maintains the allowance at a level believed to cover all known and inherent losses in the portfolio that are both probable and reasonable to estimate at each reporting date. Management reviews the allowance for loan losses no less than quarterly in order to identify these inherent losses and to assess the overall collection probability for the loan portfolio in view of these inherent losses. For each primary type of loan, a loss factor is established reflecting an estimate of the known and inherent losses in such loan type contained in the portfolio using both a quantitative analysis as well as consideration of qualitative factors. The evaluation process includes, among other things, an analysis of delinquency trends, non-performing loan trends, the level of charge-offs and recoveries, prior loss experience, total loans outstanding, the volume of loan originations, the type, size and geographic concentration of the Company’s loans, the value of collateral securing the loans, the borrowers’ ability to repay and repayment performance, the number of loans requiring heightened management oversight, local economic conditions and industry experience. Commercial real estate loans entail significant additional credit risks compared to owner-occupied one-to-four family residential mortgage loans, as they generally involve large loan balances concentrated with single borrowers or groups of related borrowers. In addition, the payment experience on loans secured by income-producing properties typically depends on the successful operation of the related real estate project and/or business operation of the borrower who is, in some cases, also the primary occupant, and thus may be subject to a greater extent to the effects of adverse conditions in the real estate market and in the economy in general. Commercial business loans typically involve a higher risk of default than residential loans of like duration since their repayment is generally dependent on the successful operation of the borrower’s business and the sufficiency of collateral, if any. Land acquisition, development and construction lending exposes the Company to greater credit risk than permanent mortgage financing. The repayment of land acquisition, development and construction loans depends upon the sale of the property to third parties or the availability of permanent financing upon completion of all improvements. These events may adversely affect the sale of the properties, potentially reducing both the borrowers’ ability to make required payments as well as reducing the value of the collateral property. Such lending is additionally subject to the risk that if the estimate of construction cost proves to be inaccurate, the Company potentially will be compelled to advance additional funds to allow completion of the project. In addition, if the estimate of value proves to be inaccurate, the Company may be confronted with a project, when completed, having less value than the loan amount. If the Company is forced to foreclose on a project prior to completion, there is no assurance that the Company would be able to recover the entire unpaid portion of the loan. The following tables summarize the primary segments of the allowance for loan losses. Activity in the allowance is presented for the three-month periods ended December 31, 2019 and 2018: Three Months Ended December 31, 2019 One- to Multi- Construction Loans to four-family family Commercial and land Commercial financial residential residential real estate development business institutions Leases Consumer Unallocated Total (Dollars in Thousands) ALLL balance at September 30, 2019 $ 1,002 $ 315 $ 1,257 $ 2,034 $ 206 $ 63 $ 5 $ 13 $ 498 $ 5,393 Charge-offs — — — — — — — — — — Recoveries — — — — — — 10 — — 10 Provision (3) (60) 24 171 (5) — (11) (1) 10 125 ALLL balance at December 31, 2019 $ 999 $ 255 $ 1,281 $ 2,205 $ 201 $ 63 $ 4 $ 12 $ 508 $ 5,528 Three Months Ended December 31, 2018 One- to Multi- Construction Loans to four-family family Commercial and land Commercial financial residential residential real estate development business institutions Leases Consumer Unallocated Total (Dollars in Thousands) ALLL balance at September 30, 2018 $ 1,343 $ 347 $ 1,154 $ 1,554 $ 187 $ 64 $ 18 $ 18 $ 482 $ 5,167 Charge-offs — — — — — — — — — — Recoveries — — — — — — — — — — Provision 84 25 (7) (109) 6 3 (2) (5) 5 — ALLL balance at December 31, 2018 $ 1,427 $ 372 $ 1,147 $ 1,445 $ 193 $ 67 $ 16 $ 13 $ 487 $ 5,167 At December 31, 2019, the Company had five loans aggregating $5.5 million that were classified as troubled debt restructurings (“TDRs”). One such loan aggregating $135,000 as of December 31, 2019 was performing in accordance with the restructured terms and accruing interest. Three of the TDRs, totaling $4.9 million, which are classified as non-accrual are a part of a troubled lending relationship totaling $10.6. The remaining TDR is also on non-accrual and consists of a $428,000 loan secured by a single family property; the loan is performing in accordance with the restructured terms. The Company did not restructure any loans during the three months ended December 31, 2019 or 2018. No TDRs defaulted during either of the three month periods ending December 31, 2019 or December 31, 2018.

DEPOSITS

DEPOSITS	3 Months Ended
	Dec. 31, 2019
DEPOSITS
DEPOSITS	6. DEPOSITS Deposits consist of the following major classifications: December 31, September 30, 2019 2019 Amount Percent Amount Percent (Dollars in Thousands) Money market deposit accounts $ 85,085 11.8 % $ 75,766 10.2 % Interest-bearing checking accounts 71,640 9.9 % 58,647 7.9 % Non interest-bearing checking accounts 20,637 2.9 % 16,949 2.3 % Passbook, club and statement savings 79,244 11.0 % 80,899 10.8 % Certificates maturing in six months or less 283,818 39.4 % 294,343 39.4 % Certificates maturing in more than six months 180,511 25.0 % 218,840 29.4 % Total $ 720,935 100.0 % $ 745,444 100.0 % Certificates to the amount of $250,000 and over totaled $146.5 million as of December 31, 2019 and $182.8 million as of September 30, 2019.

ADVANCES FROM FEDERAL HOME LOAN

ADVANCES FROM FEDERAL HOME LOAN BANK - SHORT TERM	3 Months Ended
	Dec. 31, 2019
ADVANCES FROM FEDERAL HOME LOAN BANK - SHORT TERM
ADVANCES FROM FEDERAL HOME LOAN BANK - SHORT TERM	7. ADVANCES FROM FEDERAL HOME LOAN BANK – SHORT TERM The outstanding balances and related information of short-term borrowings from the FHLB as of and for the periods ended December 31, 2019 and September 30, 2019 are summarized follows: December 31, September 30, (Dollar Amounts in Thousands) 2019 2019 Balance at period end $ 130,000 $ 90,000 Maximum month-end balance $ 130,000 $ 90,000 Weighted-average rate at period end % % Weighted-average rate during the period % % As of December 31, 2019, the $130.0 million of borrowings consisted of seven 30-day and two 90-day FHLB advances associated with interest rate swap contracts. As of September 30, 2019, the $90.0 million of borrowings consisted of seven 30-day FHLB advances associated with interest rate swap contracts. The Bank maintains borrowing facilities with the FHLB of Pittsburgh, Atlantic Community Bankers Bank (“ACBB”) and the Federal Reserve Bank of Philadelphia the terms and interest rates of which are subject to change on the date of execution of borrowings. Available borrowings are based on collateral with the facility. The Bank maintains unsecured borrowing facilities with ACBB and PNC for $12.5 million and $10.0 million, respectively.

ADVANCES FROM FEDERAL HOME LO_2

ADVANCES FROM FEDERAL HOME LOAN BANK - LONG TERM	3 Months Ended
	Dec. 31, 2019
ADVANCES FROM FEDERAL HOME LOAN BANK - LONG TERM
ADVANCES FROM FEDERAL HOME LOAN BANK - LONG TERM	8. ADVANCES FROM FEDERAL HOME LOAN BANK – LONG TERM Pursuant to collateral agreements with the FHLB of Pittsburgh, advances are secured by a blanket collateral of loans held by the Bank and qualifying fixed-income securities and FHLB stock. The long-term advances outstanding as of December 31, 2019 and September 30, 2019 are as follows: Long-term FHLB Weighted advances: Maturity range average interest Stated interest rate range December 31, September 30, Description from to rate from to 2019 2019 (Dollars in Thousands) Fixed Rate - Amortizing 1‑Oct‑19 30‑Sep‑20 — 236 Fixed Rate - Amortizing 1‑Oct‑20 30‑Sep‑21 2.70 % 1.94 % 2.83 % 12,083 14,354 Fixed Rate - Amortizing 1‑Oct‑21 30‑Sep‑22 2.82 % 1.99 % 3.05 % 7,935 8,729 Fixed Rate - Amortizing 1‑Oct‑22 30‑Sep‑23 2.88 % 1.94 % 3.11 % 6,519 6,931 Total 2.78 % $ 26,537 $ 30,250 Fixed Rate - Advances 1‑Oct‑19 30‑Sep‑20 2.76 % 1.38 % 3.06 % $ 7,284 $ 12,304 Fixed Rate - Advances 1‑Oct‑20 30‑Sep‑21 2.37 % 1.42 % 2.92 % 18,012 18,017 Fixed Rate - Advances 1‑Oct‑21 30‑Sep‑22 2.31 % 1.94 % 3.23 % 63,326 63,336 Fixed Rate - Advances 1‑Oct‑22 30‑Sep‑23 2.52 % 2.00 % 3.22 % 94,999 94,999 Fixed Rate - Advances 1‑Oct‑23 30‑Sep‑24 2.88 % 2.38 % 3.20 % 67,998 67,998 Total 2.56 % $ 251,619 $ 256,654 2.58 % Total $ 278,156 $ 286,904

DERIVATIVES

DERIVATIVES	3 Months Ended
	Dec. 31, 2019
DERIVATIVES
DERIVATIVES	9. DERIVATIVES The Company has contracted with a third party to participate in interest rate swap contracts. One of the swaps is a cash flow hedge associated with FHLB advances at both December 31, 2019 and September 30, 2019, while there are eleven additional cash flow hedges tied to wholesale funding at December 31, 2019. These interest rate swaps involve the receipt of variable-rate amounts from a counterparty in exchange for the Company making fixed-rate payments. During the quarter ended December 31, 2019, $2,000 of income was recognized as ineffectiveness through earnings, while $3,000 of expense was recognized as ineffectiveness through earnings during the comparable period in 2018. There were nine interest rate swaps designated as fair value hedges involving the receipt of variable-rate payments from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreements that were applicable to three loans and seven investment securities as of both December 31, 2019 and September 30, 2019. The fair value is recorded in the other liabilities section of the statement of financial condition. Below is a summary of the interest rate swap agreements and their terms as of December 31, 2019. Hedged Notional Pay Rate Receive Maturity Date Unrealized Item Amount from to Rate from to Loss (Dollars in Thousands) FHLB Advances $ 10,000 2.70 % 2.70 % 1 Mth Libor 10‑Apr‑25 10‑Apr‑25 $ (569) State and political subdivisions 21,570 3.06 % 3.07 % 3 Mth Libor 1‑Feb‑27 1‑May‑28 (1,939) State and political subdivision 2,825 3.06 % 3.06 % 3 Mth Libor 1‑Apr‑27 1‑Apr‑27 State and political subdivision 5,000 3.07 % 3.07 % 3 Mth Libor 1‑Jan‑28 1‑Jan‑28 State and political subdivision 1,235 3.07 % 3.07 % 3 Mth Libor 1‑Mar‑28 1‑Mar‑28 State and political subdivision 4,500 3.07 % 3.07 % 3 Mth Libor 1‑May‑28 1‑May‑28 State and political subdivision 3,305 3.05 % 3.05 % 3 Mth Libor 1‑Feb‑27 1‑Feb‑27 State and political subdivision 3,000 3.06 % 3.06 % 3 Mth Libor 15‑Oct‑27 15‑Oct‑27 Commercial loans 17,339 4.10 % 5.74 % 1 Mth Libor +225 to 276 bp 13‑Jun‑25 1‑Aug‑26 — 30 day wholesale funding 65,000 1.94 % 2.51 % 1 Mth Libor 15‑Feb‑24 12‑Jun‑26 (679) 90 day wholesale funding 135,000 2.51 % 2.78 % 3 Mth Libor 27‑Mar‑24 11‑Jan‑24 (5,315) $ (8,502) Below is a summary of the interest rate swap agreements and their terms as of September 30, 2019. Hedged Notional Pay Rate Receive Maturity Date Unrealized Item Amount from to Rate from to Loss (Dollars in Thousands) FHLB Advances $ 10,000 % 2.70 % 1 Mth Libor 10‑Apr‑25 10‑Apr‑25 $ (719) State and political subdivisions 21,570 % 3.07 % 3 Mth Libor 1‑Feb‑27 1‑May‑28 (2,502) Commercial loans 17,339 4.10 % 5.74 % 1 Mth Libor +225 to 276 bp 13‑Jun‑25 1‑Aug‑26 — 30 day wholesale funding 65,000 % 2.51 % 1 Mth Libor 15‑Feb‑24 12‑Jun‑26 (1,415) 90 day wholesale funding 135,000 % 2.78 % 3 Mth Libor 11‑Jan‑24 27‑Mar‑24 (6,605) $ (11,241) All interest swaps are carried at fair value in accordance with FASB ASC 815 “Derivatives and Hedging.”

INCOME TAXES

INCOME TAXES	3 Months Ended
	Dec. 31, 2019
INCOME TAXES
INCOME TAXES	10. INCOME TAXES Items that gave rise to significant portions of deferred income taxes are as follows: December 31, September 30, 2019 2019 (Dollars in Thousands) Deferred tax assets: Allowance for loan losses $ 1,484 $ 1,488 Nonaccrual interest 505 487 Accrued vacation 7 7 Capital loss carryforward 121 121 Split dollar life insurance 9 9 Post-retirement benefits 74 76 Unrealized losses on interest rate swaps 1,354 1,836 Deferred compensation 812 809 Goodwill 66 69 Other 75 64 Employee benefit plans 257 216 Total deferred tax assets 4,764 5,182 Valuation allowance (121) (121) Total deferred tax assets, net of valuation allowance 4,643 5,061 Deferred tax liabilities: Property 133 141 Unrealized gain on equity securities 16 19 Unrealized gains on available for sale securities 1,840 2,153 Purchase accounting adjustments 245 215 Deferred loan fees 220 175 Total deferred tax liabilities 2,454 2,703 Net deferred tax assets $ 2,189 $ 2,358 The Company establishes a valuation allowance for deferred tax assets when management believes that the use of the deferred tax assets is not likely to be fully realized through future reversals of existing taxable temporary differences and/or, to a lesser extent, future taxable income. The tax deduction generated by the redemption of the shares of a mutual fund held by the Bank and the subsequent impairment charge on the assets acquired through the redemption in kind are considered capital losses and can only be utilized to the extent of capital gains recognized over a five year period, resulting in the establishment of a valuation allowance for the carryforward period. The valuation allowance totaled $121,000 at December 31, 2019 and September 30, 2019, respectively. For the three-month period ended December 31, 2019, the Company recorded income tax expense of $566,000 compared to income tax expense of $429,000, for the period ended December 31, 2018. There is currently no liability for uncertain tax positions and no known unrecognized tax benefits. The Company recognizes, when applicable, interest and penalties related to unrecognized tax benefits in the provision for income taxes in the Consolidated Statements of Operations as a component of income tax expense. During fiscal 2017, the Internal Revenue Service conducted an audit of the Company’s tax return for the year ended September 30, 2014, and no adverse findings were reported. The Company’s federal and state income tax returns for taxable years through September 30, 2015 have been closed for purposes of examination by the Internal Revenue Service and the Pennsylvania Department of Revenue.

STOCK COMPENSATION PLANS

STOCK COMPENSATION PLANS	3 Months Ended
	Dec. 31, 2019
EMPLOYEE BENEFITS
STOCK COMPENSATION PLANS	11. STOCK COMPENSATION PLANS The Company maintains the 2008 Recognition and Retention Plan (“RRP”) which is administered by a committee of the Board of Directors of the Company. The RRP provides for the grant of shares of common stock of the Company to officers, employees and directors of the Company. In order to fund the grant of shares under the RRP, the 2008 RRP purchased 213,528 shares (on a converted basis) of the Company’s common stock in the open market for an aggregating cost of approximately $2.5 million, at an average purchase price per share of $11.49. The Company made sufficient contributions to the 2008 RRP to fund these purchases. During February 2015, shareholders approved the 2014 Stock Incentive Plan (the “2014 SIP”). As part of the 2014 SIP, a maximum of 285,655 shares of common stock can be awarded as restricted stock awards or units, of which 233,500 shares were awarded during February 2015. In August 2016, the Company granted 7,473 awards covering shares under the 2008 RRP and 3,027 shares under the 2014 SIP. In March 2017, the Company granted awards covering 17,128 shares under the 2014 SIP. In March 2018, the Company granted awards covering 8,209 shares under the 2008 RRP and 18,291 shares under the 2014 SIP. Shares subject to awards under either plan generally vest at the rate of 20% per year over five years. No further grants may be made pursuant to the RRP. Compensation expense related to the shares subject to restricted stock awards granted is recognized ratably over the five-year vesting period in an amount which totals the grant date fair value multiplied by the number of shares subject to the grant. During the three months ended December 31, 2019 and 2018, $136,000 and $157,000, respectively, was recognized in compensation expense for the RRP and the 2014 SIP. At December 31, 2019, approximately $550,000 in additional compensation expense for the shares awarded which remained outstanding related to the RRP and the 2014 SIP remained unrecognized A summary of the Company’s non-vested stock award activity for the three months ended December 31, 2019 and 2018 is presented in the following tables: Three Months Ended December 31, 2019 Weighted Average Number of Grant Date Per Shares Share Fair Value Nonvested stock awards at October 1,2019 68,980 $ 15.05 Granted — — Forfeited — — Vested — — Nonvested stock awards at the December 31,2019 68,980 $ 15.05 The Company maintains the 2008 Stock Option Plan (the “Option Plan”) which authorizes the grant of stock options to officers, employees and directors of the Company to acquire shares of common stock with an exercise price at least equal to the fair market value of the common stock on the grant date. Options generally become vested and exercisable at the rate of 20% per year over five years and are generally exercisable for a period of ten years after the grant date. A total of 533,808 shares (on a converted basis) of common stock were approved for future issuance pursuant to the Option Plan. As of September 30, 2018, all of the options had been awarded under the Option Plan. The 2014 SIP reserved up to 714,145 shares for issuance pursuant to options. Options to purchase 605,000 shares were awarded during February 2015 pursuant to the 2014 SIP. During August 2016, the Company granted options covering 18,866 shares under the Option Plan and 8,634 shares under the 2014 SIP. In March 2017, the Company granted options covering 22,828 shares under the 2014 SIP. In May 2017, the Company granted options covering 25,000 shares under the 2014 SIP and 283 shares under the Option Plan. In March 2018, the Company granted options covering 159,265 shares under the 2014 SIP and 18,235 shares under the Option Plan. In July 2019, the Company granted options covering 39,702 shares under the 2014 SIP. No further grants can be made under the Option Plan in accordance with its terms. A summary of the status of the Company’s stock options under the 2008 Option Plan and the 2014 SIP as of December 31, 2019 and 2018 are presented below: Three Months Ended December 31, 2019 Number of Weighted Average Shares Exercise Price Outstanding at October 1,2019 793,034 $ 13.86 Granted — — Exercised — — Forfeited — — Outstanding at December 31,2019 793,034 $ 13.86 Exercisable at December 31,2019 489,288 $ 12.21 The weighted average remaining contractual term was approximately 6.2 years for options outstanding as of December 31, 2019. The estimated fair value of options granted during fiscal 2009 was $2.98 per share, $2.92 for options granted during fiscal 2010, $3.34 for options granted during fiscal 2013, $4.67 for the options granted during fiscal 2014, $4.58 for options granted during fiscal 2015, $2.13 for options granted during fiscal 2016, $3.18 for options granted during fiscal 2017, $3.63 for options granted during fiscal 2018 and $3.38 for options granted in 2019. The fair value for grants made in fiscal 2017 was estimated on the date of grant using the Black-Scholes pricing model with the following assumptions: an exercise and fair value of $17.43, term of seven years, volatility rate of 14.37%, interest rate of 2.22% and a yield rate of 0.69%. The fair value for grants made in fiscal 2018 was estimated on the date of grant using the Black-Scholes pricing model with the following assumptions: an exercise and fair value of $18.46, term of seven years, volatility rate of 15.90%, interest rate of 2.82% and a yield rate of 1.08%. The fair value for grants made in fiscal 2019 was estimated on the date of grant using the Black-Scholes pricing model with the following assumptions: an exercise and fair value of $18.16, term of seven years, volatility rate of 17.76%, interest rate of 1.87% and a yield rate of 1.10%. During the three months ended December 31, 2019 and 2018, $229,000 and $150,000, respectively, was recognized in compensation expense for options granted pursuant to the Option Plan and the 2014 SIP. At December 31, 2019, there was approximately $715,000 in additional compensation expense to be recognized for awarded options which remained outstanding and unvested at such date. The weighted average period over which this expense will be recognized is approximately 2.9 years.

COMMITMENTS AND CONTINGENT LIAB

COMMITMENTS AND CONTINGENT LIABILITIES	3 Months Ended
	Dec. 31, 2019
COMMITMENTS AND CONTINGENT LIABILITIES
COMMITMENTS AND CONTINGENT LIABILITIES	12. COMMITMENTS AND CONTINGENT LIABILITIES At December 31, 2019, the Company had $42.7 million in outstanding commitments to originate loans with market interest rates ranging from 1.99% to 6.25%. At September 30, 2019, the Company had $32.4 million in outstanding commitments to originate fixed-rate loans with market interest rates ranging from 1.99% to 6.50%. The aggregate undisbursed portion of loans-in-process amounted to $98.6 million at December 31, 2019 and $114.5 million at September 30, 2019. The Company also had commitments under unused lines of credit of $35.8 million as of December 31, 2019 and $37.5 million as of September 30, 2019 and letters of credit outstanding of $1.3 million as of December 31, 2019 and $1.5 million as of September 30, 2019. Among the Company’s contingent liabilities are exposures to limited recourse arrangements with respect to the Company’s sales of whole loans and participation interests. At December 31, 2019, the exposure, which represents a portion of credit risk associated with the interests sold, amounted to $1.3 million. This exposure is for the life of the related loans and payables, on our proportionate share, as actual losses are incurred. The Company is involved in various legal proceedings occurring in the ordinary course of business. Management of the Company, based on discussions with litigation counsel, believes that such proceedings will not have a material adverse effect on the financial condition, operations or cash flows of the Company. However, there can be no assurance that any of the outstanding legal proceedings to which the Company is a party will not be decided adversely to the Company’s interests and not have a material adverse effect on the financial condition and operations of the Company.

FAIR VALUE MEASUREMENT

FAIR VALUE MEASUREMENT	3 Months Ended
	Dec. 31, 2019
FAIR VALUE MEASUREMENT
FAIR VALUE MEASUREMENT	13. FAIR VALUE MEASUREMENT The fair value estimates presented herein are based on pertinent information available to management as of December 31, 2019 and September 30, 2019, respectively. Although management is not aware of any factors that would significantly affect the fair value amounts, such amounts have not been comprehensively revalued for purposes of these financial statements since that date and, therefore, current estimates of fair value may differ significantly from the amounts presented herein. Generally accepted accounting principles used in the United States establish a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimizes the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value. The three broad levels of hierarchy are as follows: Level 1 Quoted prices in active markets for identical assets or liabilities. Level 2 Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities. Level 3 Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Level 3 assets and liabilities include financial instruments whose value is determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant management judgment or estimation. Those assets and liabilities as of December 31, 2019 which are measured at fair value on a recurring basis are as follows: Category Used for Fair Value Measurement Level 1 Level 2 Level 3 Total (Dollars in Thousands) Assets: Securities available for sale: U.S. Government and agency obligations $ — $ 20,705 $ — $ 20,705 State and political subdivisons — 76,145 — 76,145 Mortgage-backed securities - U.S. Government agencies — 363,277 — 363,277 Corporate bonds — 70,791 — 70,791 Equity security - FHLMC preferred stock 77 — — 77 Total $ 77 $ 530,918 $ — $ 530,995 Liabilities: Interest rate swap contracts $ — $ 8,502 $ — $ 8,502 Total $ — $ 8,502 $ — $ 8,502 Those assets as of September 30, 2019 which are measured at fair value on a recurring basis are as follows: Category Used for Fair Value Measurement Level 1 Level 2 Level 3 Total (Dollars in Thousands) Assets: Securities available for sale: U.S. Government and agency obligations $ — $ 24,865 $ — $ 24,865 State and political subdivisions — 47,646 — 47,646 Mortgage-backed securities - U.S. Government agencies — 370,772 — 370,772 Corporate bonds — 69,539 — 69,539 Equity security - FHLMC preferred stock 95 — — 95 Total $ 95 $ 512,822 $ — $ 512,917 Liabilities: Interest rate swap contracts $ — $ 11,241 $ — $ 11,241 Total $ — $ 11,241 $ — $ 11,241 Certain assets are measured at fair value on a nonrecurring basis; that is, the instruments are not measured at fair value on an ongoing basis but are subject to fair value adjustments in certain circumstances (for example, when there is evidence of impairment). The Company measures impaired loans and real estate owned at fair value on a non-recurring basis. Impaired Loans The Company considers loans to be impaired when it becomes more likely than not that the Company will be unable to collect all amounts due in accordance with the contractual terms of the loan agreements. Collateral dependent impaired loans are based on the fair value of the collateral which is based on appraisals and would be categorized as Level 2 measurement. In some cases, adjustments are made to the appraised values for various factors including the age of the appraisal, age of the comparable included in the appraisal, and known changes in the market and in the collateral. These adjustments are based upon unobservable inputs, and therefore, the fair value measurement has been categorized as a Level 3 measurement. These loans are reviewed for impairment and written down to their net realizable value by charges against the allowance for loan losses. The collateral underlying these loans had a fair value of approximately $14.3 million as of December 31, 2019. Real Estate Owned Once an asset is determined to be uncollectible, the underlying collateral is generally repossessed and reclassified to foreclosed real estate and repossessed assets. These repossessed assets are carried at the lower of cost or fair value of the collateral, based on independent appraisals, less cost to sell and would be categorized as a Level 2 measurement. In some cases, adjustments are made to the appraised values for various factors including age of the appraisal, age of the comparable included in the appraisal, and known changes in the market and in the collateral. As a result, the evaluations are based upon unobservable inputs, and therefore, the fair value measurement has been categorized as a Level 3 measurement. Summary of Non-Recurring Fair Value Measurements At December 31, 2019 (Dollars in Thousands) Level 1 Level 2 Level 3 Total Impaired loans $ — $ — $ 14,322 $ 14,322 Real estate owned — — 491 491 Total $ — $ — $ 14,813 $ 14,813 At September 30, 2019 (Dollars in Thousands) Level 1 Level 2 Level 3 Total Impaired loans $ — $ — $ 15,542 $ 15,542 Real estate owned — — 348 348 Total $ — $ — $ 15,890 $ 15,890 The following table provides information describing the valuation processes used to determine nonrecurring fair value measurements categorized within Level 3 of the fair value hierarchy: At December 31, 2019 (Dollars in Thousands) Valuation Range/ Fair Value Technique Unobservable Input Weighted Ave. Impaired loans $ 14,322 Property appraisals (1)(3) Management discount for selling costs, property type and market volatility (2) 6% to 9% discount/ 7 % Real estate owned $ 491 Property appraisals (1)(3) Management discount for selling costs, property type and market volatility (2) 22% discount At September 30, 2019 (Dollars in Thousands) Valuation Range/ Fair Value Technique Unobservable Input Weighted Ave. Impaired loans $ 15,542 Property appraisals (1)(3) Management discount for selling costs, property type and market volatility (2) 6% to 9% discount/ 7 % Real estate owned $ 348 Property appraisals (1)(3) Management discount for selling costs, property type and market volatility (2) 22% discount (1) Fair value is generally determined through independent appraisals of the underlying collateral, which generally includes various Level 3 inputs, which are not identifiable. (2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range and weighted average of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal. (3) Includes qualitative adjustments by management and estimated liquidation expenses. The fair value of financial instruments has been determined by the Company using available market information and appropriate valuation methodologies. 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 could 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. Fair Value Measurements at Carrying Fair December 31, 2019 Amount Value (Level 1) (Level 2) (Level 3) (Dollars in Thousands) Assets: Cash and cash equivalents $ 28,807 $ 28,807 $ 28,807 $ — $ — Certificates of deposit 2,351 2,351 2,351 — — Investment and mortgage-backed securities held to maturity 70,219 70,710 — 70,710 — Loans receivable, net 588,847 591,745 — — 591,745 Accrued interest receivable 4,603 4,603 4,603 — — Restricted bank stock 17,579 17,579 17,579 — — Bank owned life insurance 32,010 32,010 32,010 — — Liabilities: Checking accounts 92,277 92,277 92,277 — — Money market deposit accounts 85,085 85,085 85,085 — — Passbook, club and statement savings accounts 79,244 79,244 79,244 — — Certificates of deposit 464,329 470,793 — — 470,793 Advances from FHLB - short-term 130,000 130,000 130,000 — — Advances from FHLB - long-term 278,156 284,142 — — 284,142 Accrued interest payable 2,038 2,038 2,038 — — Advances from borrowers for taxes and insurance 3,309 3,309 3,309 — — Fair Value Measurements at Carrying Fair September 30, 2019 Amount Value (Level 1) (Level 2) (Level 3) (Dollars in Thousands) Assets: Cash and cash equivalents $ 47,968 $ 47,968 $ 47,968 $ — $ — Certificates of deposit 2,351 2,351 2,351 — — Investment and mortgage-backed securities held to maturity 68,635 69,507 — 69,507 — Loans receivable, net 585,456 585,476 — — 585,476 Accrued interest receivable 4,549 4,549 4,549 — — Restricted bank stock 16,406 16,406 16,406 — — Bank owned life insurance 31,841 31,841 31,841 — — Liabilities: Checking accounts 75,596 75,596 75,596 — — Money market deposit accounts 75,766 75,766 75,766 — — Passbook, club and statement savings accounts 80,899 80,899 80,899 — — Certificates of deposit 513,183 529,099 — — 529,099 Accrued interest payable 4,328 4,328 4,328 — — Advances from FHLB -short-term 90,000 90,000 90,000 — — Advances from FHLB -long-term 286,904 293,839 — — 293,839 Advances from borrowers for taxes and insurance 2,332 2,332 2,332 — —

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS	3 Months Ended
	Dec. 31, 2019
GOODWILL AND OTHER INTANGIBLE ASSETS
GOODWILL AND OTHER INTANGIBLE ASSETS	14. GOODWILL AND OTHER INTANGIBLE ASSETS The Company’s goodwill and intangible assets are related to the acquisition of Polonia Bancorp as of January 1, 2017. Balance Balance October 1, Additions/ December 31, Amortization 2019 Adjustments Amortization 2019 Period Goodwill $ 6,102 $ — $ — $ 6,102 Core deposit intangible 448 — (30) 418 10 years $ 6,550 $ — $ (30) $ 6,520 As of December 31, 2019, the future fiscal periods amortization expense for the core deposit intangible is: (In Thousands) 2020 $ 78 2021 93 2022 78 2023 64 2024 49 Thereafter 56 Total $ 418

LEASES

LEASES	3 Months Ended
	Dec. 31, 2019
LEASES
LEASES	15. LEASES Operating leases in which the Company is the lessee are recorded as operating lease Right of Use ("ROU") assets and operating lease liabilities, included in other assets and other liabilities, respectively, on the consolidated statement of financial condition. The Company does not currently have any finance leases. Operating lease ROU assets represent the right to use an underlying asset during the lease term and operating lease liabilities represent the obligation to make lease payments arising from the lease. ROU assets and operating lease liabilities are recognized as of the date of adoption based on the present value of the remaining lease payments using a discount rate that represents the Company's incremental borrowing rate at the date of initial application. Operating lease expense, which is comprised of amortization of the ROU assets and the implicit interest accreted on the operating lease liability, is recognized on a straight line basis over the lease term of the operating basis, and is recorded in office occupancy expense in the consolidated statements of operations. The leases relate to Bank branches with remaining lease terms of generally 5 to 9 years. As of December 31, 2019, operating lease ROU assets were $1.4 million and liabilities were $1.5 million; For the quarter ended December 31, 2019, $51,000 in operating lease cost was recognized. The following table summarizes other information related to our operating leases: December 31, 2019 Weighted-average remaining lease term - operating leases in years 7.0 Weighted-average discount rate - operating leases 2.0 % The following table presents aggregate lease maturities and obligations as of December 31, 2019: (Dollars in Thousands) 2020 $ 155 2021 210 2022 213 2023 216 2024 220 2025 and thereafter 647 Total lease payments 1,661 Less: interest 125 Present value of lease liabilities $ 1,536

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Dec. 31, 2019
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of presentation	Basis of presentation – The accompanying unaudited consolidated financial statements were prepared pursuant to the rules and regulations of the U. S. Securities and Exchange Commission (“SEC”) for interim information and therefore do not include all the information or footnotes necessary for a complete presentation of financial condition, results of operations, comprehensive income, changes in equity and cash flows in conformity with accounting principles generally accepted in the United States of America (“GAAP”). However, all normal recurring adjustments that, in the opinion of management, are necessary for a fair presentation of the financial statements have been included. The results for the three months ended December 31, 2019 are not necessarily indicative of the results that may be expected for the fiscal year ending September 30, 2020, or any other period. These financial statements should be read in conjunction with the audited consolidated financial statements of the Company and the accompanying notes thereto included in the Company’s Annual Report on Form 10‑K for the fiscal year ended September 30, 2019. The significant accounting policies followed in the presentation of interim financial results are the same as those followed on an annual basis. These policies are presented on pages 81 through 85 of the Form 10‑K for the year ended September 30, 2019.
Use of Estimates in the Preparation of Financial Statements	Use of Estimates in the Preparation of Financial Statements — The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of income and expenses during the reporting period. The most significant estimates and assumptions in the Company’s consolidated financial statements are recorded in the allowance for loan losses, deferred income taxes, other-than-temporary impairment, and the fair value measurement for financial instruments. Actual results could differ from those estimates.
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements Effective October 1, 2019, the Company adopted ASU 2016-02 – Leases . This Update and all subsequent ASU’s that modified Topic 842 set forth a new lease accounting model for lessors and lessees. For lessees, virtually all leases will have to be recognized on the balance sheet by recording a right-of-use asset and lease liability. Subsequent accounting for leases varies depending on whether the lease is an operating lease or a finance lease. The accounting provided by a lessor is largely unchanged from that applied under the existing guidance. The ASU requires additional qualitative and quantitative disclosures with objective of enabling users of financial statements to assess the amount, timing and uncertainty of cash flows arising from leases. The Update and its related amendments resulted in the recognition of operating right-of-use assets totaling $1.5 million and operating lease liabilities totaling $1.6 million. A $75,000 prior period adjustment to retained earnings was recognized as of October 1, 2019. The Company has presented the necessary disclosures in Note 15. Recent Accounting Pronouncements Not Yet Adopted In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments , which changes the impairment model for most financial assets. This Update is intended to improve financial reporting by requiring timelier recording of credit losses on loans and other financial instruments held by financial institutions and other organizations. The underlying premise of the Update is that financial assets measured at amortized cost should be presented at the net amount expected to be collected, through an allowance for credit losses that is deducted from the amortized cost basis. The allowance for credit losses should reflect management’s current estimate of credit losses that are expected to occur over the remaining life of a financial asset. The income statement will be affected for the measurement of credit losses for newly recognized financial assets, as well as the expected increases or decreases of expected credit losses that have taken place during the period. This Update defers the effective date of ASU 2016-13 for SEC filers that are eligible to be smaller reporting companies, non-SEC filers, and all other companies to fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. We expect to recognize a one-time cumulative effect adjustment to the allowance for loan losses as of the beginning of the first reporting period in which the new standard is effective, but cannot yet determine the magnitude of any such one-time adjustment or the overall impact of the new guidance on the consolidated financial statements. In March 2017, the FASB issued ASU 2017-08, Receivables – Nonrefundable Fees and Other Costs (Subtopic In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework – Changes the Disclosure Requirements for Fair Value Measurements . The Update removes the requirement to disclose the amount of and reasons for transfers between Level I and Level II of the fair value hierarchy; the policy for timing of transfers between levels; and the valuation processes for Level III fair value measurements. The Update requires disclosure of changes in unrealized gains and losses for the period included in other comprehensive income (loss) for recurring Level III fair value measurements held at the end of the reporting period and the range and weighted average of significant unobservable inputs used to develop Level III fair value measurements. This Update is effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. The Company is currently evaluating the impact the adoption of the standard will have on the Company’s financial position or results of operations. In May 2019, the FASB issued ASU 2019-05, Financial Instruments – Credit Losses, Topic 326, which allows entities to irrevocably elect the fair value option for certain financial assets previously measured at amortized cost upon adoption of the new credit losses standard. To be eligible for the transition election, the existing financial asset must otherwise be both within the scope of the new credit losses standard and eligible for the applying the fair value option in ASC 825-10-3. The election must be applied on an instrument-by-instrument basis and is not available for either available-for-sale or held-to-maturity debt securities. For entities that elect the fair value option, the difference between the carrying amount and the fair value of the financial asset would be recognized through a cumulative-effect adjustment to opening retained earnings as of the date an entity adopted ASU 2016-13. Changes in fair value of that financial asset would subsequently be reported in current earnings. For entities that have not yet adopted ASU 2016-13, the effective dates and transition requirements are the same as those in ASU 2016-13. In November 2019, the FASB issued ASU 2019-08, Compensation ‒ Stock Compensation (Topic 718) and Revenue from Contracts with Customers (Topic 606), which requires entities to measure and classify sharebased payments to a customer, in accordance with the guidance in ASC 718, Compensation ‒ Stock Compensation. The amendments in that Update expanded the scope of Topic 718 to include share-based payment transactions for acquiring goods and services from nonemployees and, in doing so, superseded guidance in Subtopic 505-50, Equity ‒ Equity-Based Payments to Non-Employees. The amount that would be recorded as a reduction in revenue would be measured based on the grant date fair value of the sharebased payment, in accordance with Topic 718. The grant date is the date at which a supplier and customer reach a mutual understanding of the award’s key terms and conditions. The award’s classification and subsequent measurement would be subject to ASC 718 unless the award is modified or the grantee is no longer a customer. For entities that have not yet adopted the amendments in Update 2018-07, the amendments in this Update are effective for (1) public business entities in fiscal years beginning after December 15, 2019, and interim periods within those fiscal years, and (2) other than public business entities in fiscal years beginning after December 15, 2019, and interim periods within fiscal years beginning after December 15, 2020. For entities that have adopted the amendments in Update 2018-07, the amendments in this Update are effective in fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. An entity may early adopt the amendments in this Update, but not before it adopts the amendments in Update 2018-07. The Company is currently evaluating the impact the adoption of the standard will have on the Company’s financial position or results of operations. In November 2019, the FASB issued ASU 2019-10, Financial Instruments ‒ Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842) . The Update defers the effective dates of ASU 2016-13 for SEC filers that are eligible to be smaller reporting companies, non-SEC filers, and all other companies to fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. This Update also amends the mandatory effective date for the elimination of Step 2 from the goodwill impairment test under ASU No. 2017-04, Intangibles ‒ Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment (Goodwill), to align with those used for credit losses. Furthermore, the ASU provides a one-year deferral of the effective dates of the ASUs on derivatives and hedging and leases for companies that are not public business entities. The Company qualifies as a smaller reporting company and does not expect to early adopt these ASUs. In November 2019, the FASB issued ASU 2019-11, Codification Improvements to Topic 326, Financial Instruments – Credit Losses , to clarify its new credit impairment guidance in ASC 326, based on implementation issues raised by stakeholders. This Update clarified, among other things, that expected recoveries are to be included in the allowance for credit losses for these financial assets; an accounting policy election can be made to adjust the effective interest rate for existing troubled debt restructurings based on the prepayment assumptions instead of the prepayment assumptions applicable immediately prior to the restructuring event; and extends the practical expedient to exclude accrued interest receivable from all additional relevant disclosures involving amortized cost basis. The effective dates in this Update are the same as those applicable for ASU 2019-10. The Company is currently evaluating the impact the adoption of the standard will have on the Company’s financial position or results of operations. In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740) , to simplify the accounting for income taxes, change the accounting for certain tax transactions, and make minor improvements to the codification. This Update provides a policy election to not allocate consolidated income taxes when a member of a consolidated tax return is not subject to income tax and provides guidance to evaluate whether a step-up in tax basis of goodwill relates to a business combination in which book goodwill was recognized or a separate transaction. The Update also changes current guidance for making an intraperiod allocation if there is a loss in continuing operations and gains outside of continuing operations; determining when a deferred tax liability is recognized after an investor in a foreign entity transitions to or from the equity method of accounting; accounting for tax law changes and year-to-date losses in interim periods; and determining how to apply the income tax guidance to franchise taxes that are partially based on income. For public business entities, the amendments in this Update are effective for fiscal years and interim periods within those fiscal years, beginning after December 15, 2020. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2021, and interim periods within fiscal years beginning after December 15, 2022. The Company is currently evaluating the impact the adoption of the standard will have on the Company’s financial position or results of operations.

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	3 Months Ended
	Dec. 31, 2019
EARNINGS PER SHARE
Schedule of basic and diluted earnings per share	The calculated basic and diluted earnings per share are as follows: Three Months Ended December 31, 2019 2018 Basic Diluted Basic Diluted (Dollars in Thousands, Except Per Share Data) Net income $ 2,463 $ 2,463 $ 1,974 $ 1,974 Weighted average shares outstanding 8,755,165 8,755,165 8,804,096 8,804,096 Effect of common stock equivalents — 170,827 — 189,276 Adjusted weighted average shares used in earnings per share computation 8,755,165 8,925,992 8,804,096 8,993,372 Earnings per share - basic and diluted $ 0.28 $ 0.28 $ 0.22 $ 0.22

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	3 Months Ended
	Dec. 31, 2019
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
Schedule of changes in accumulated other comprehensive (loss) income	Three Months Ended December 31, Three Months Ended December 31, 2019 2018 Total accumulated Total accumulated Unrealized Unrealized gain(loss) Other Unrealized Unrealized gain(loss) Other gain(loss) on AFS on interest rate swaps Comprehensive gain(loss) on AFS on interest rate Comprehensive securities (a) (a) income (loss) securities (a) swaps (a) income (loss) Beginning balance, October 1 $ 8,098 $ (6,906) $ 1,192 $ (8,320) $ 166 $ (8,154) Other comprehensive (loss)income before reclassification (927) 1,810 883 2,705 (584) 2,121 Total 7,171 (5,096) 2,075 (5,615) (418) (6,033) Reclassification for net gains recorded in net income (251) — (251) — — — Ending balance, December 31 $ 6,920 $ (5,096) $ 1,824 $ (5,615) $ (418) $ (6,033) All amounts are net of tax. Amounts in parentheses indicate losses

INVESTMENT AND MORTGAGE-BACKE_2

INVESTMENT AND MORTGAGE-BACKED SECURITIES (Tables)	3 Months Ended
	Dec. 31, 2019
INVESTMENT AND MORTGAGE-BACKED SECURITIES
Schedule of amortized cost and fair value of securities, with gross unrealized gains and losses	December 31, 2019 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Dollars in Thousands) Securities Available for Sale: U.S. government and agency obligations $ 20,836 $ 1 $ (132) $ 20,705 State and political subdivisions 75,965 463 (283) 76,145 Mortgage-backed securities - U.S. government agencies 357,032 6,783 (538) 363,277 Corporate bonds 68,325 2,472 (6) 70,791 Total securities available for sale $ 522,158 $ 9,719 $ (959) $ 530,918 Securities Held to Maturity: U.S. government and agency obligations $ 45,849 $ 159 $ (512) $ 45,496 Mortgage-backed securities - U.S. government agencies 4,507 221 (2) 4,726 State and political subdivisions 19,863 635 (10) 20,488 Total securities held to maturity $ 70,219 $ 1,015 $ (524) $ 70,710 The amortized cost and fair value of equity securities: December 31, 2019 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Dollars in Thousands) Equity securities FHLMC preferred stock $ 6 $ 71 $ — $ 77 Total equity securities $ 6 $ 71 $ — $ 77 September 30,2019 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Dollars in Thousands) Securities Available for Sale: U.S. government and agency obligations $ 24,960 $ 3 $ (98) $ 24,865 State and political subdivisions 47,909 484 (747) 47,646 Mortgage-backed securities - U.S. government agencies 362,342 8,836 (406) 370,772 Corporate debt securities 67,360 2,217 (38) 69,539 Total debt securities available for sale $ 502,571 $ 11,540 $ (1,289) $ 512,822 Securities Held to Maturity: U.S. government and agency obligations $ 43,349 $ 181 $ (188) $ 43,342 State and political subdivisions 20,474 645 — 21,119 Mortgage-backed securities - U.S. government agencies 4,812 238 (4) 5,046 Total securities held to maturity $ 68,635 $ 1,064 $ (192) $ 69,507 The amortized cost and fair value of equity securities: September 30,2019 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Dollars in Thousands) Equity securities FHLMC preferred stock $ 6 $ 89 $ — $ 95 Total equity securities $ 6 $ 89 $ — $ 95
Schedule of gross unrealized losses and related fair values of investment securities	The following table shows the gross unrealized losses and related fair values of the Company’s investment securities, aggregated by investment category and length of time that individual securities had been in a continuous loss position at December 31, 2019: Less than 12 months More than 12 months Total Gross Gross Gross Unrealized Fair Unrealized Fair Unrealized Fair Losses Value Losses Value Losses Value (Dollars in Thousands) Securities Available for Sale: U.S. government and agency obligations $ (33) $ 9,967 $ (99) $ 3,738 $ (132) $ 13,705 State and political subdivisions (58) 16,278 (225) 23,724 (283) 40,002 Mortgage-backed securities - US government agencies (193) 32,496 (345) 33,505 (538) 66,001 Corporate bonds — — (6) 1,022 (6) 1,022 Total securities available for sale $ (284) $ 58,741 $ (675) $ 61,989 $ (959) $ 120,730 Securities Held to Maturity: U.S. government and agency obligations $ (512) $ 44,337 $ — $ — $ (512) $ 44,337 Mortgage-backed securities - US government agencies (2) 759 — — (2) 759 State and political subdivisions (10) 2,015 — — (10) 2,015 Total securities held to maturity $ (524) $ 47,111 $ — $ — $ (524) $ 47,111 Total $ (808) $ 105,852 $ (675) $ 61,989 $ (1,483) $ 167,841 The following table shows the gross unrealized losses and related fair values of the Company’s investment securities, aggregated by investment category and length of time that individual securities had been in a continuous loss position at September 30, 2019: Less than 12 months More than 12 months Total Gross Gross Gross Unrealized Fair Unrealized Fair Unrealized Fair Losses Value Losses Value Losses Value (Dollars in Thousands) Securities Available for Sale: U.S. government and agency obligations $ (3) $ 6,997 $ (95) $ 3,866 $ (98) $ 10,863 State and political subdivisions (4) 890 (743) 23,784 (747) 24,674 Mortgage-backed securities - US government agencies (86) 50,057 (320) 37,056 (406) 87,113 Corporate bonds (13) 1,989 (25) 3,014 (38) 5,003 Total securities available for sale $ (106) $ 59,933 $ (1,183) $ 67,720 $ (1,289) $ 127,653 Securities Held to Maturity: U.S. government and agency obligations $ (188) $ 14,811 $ — $ — $ (188) $ 14,811 Mortgage-backed securities - US government agencies (4) 794 — — (4) 794 State and political subdivisions — — — — — — Total securities held to maturity $ (192) $ 15,605 $ — $ — $ (192) $ 15,605 Total $ (298) $ 75,538 $ (1,183) $ 67,720 $ (1,481) $ 143,258
Schedule of amortized cost and fair value of debt securities by contractual maturity	December 31,2019 Held to Maturity Available for Sale Amortized Fair Amortized Fair Cost Value Cost Value (Dollars in Thousands) Due after one through five years $ 1,707 $ 1,721 $ 20,571 $ 21,104 Due after five through ten years 24,121 24,600 47,754 49,688 Due after ten years 39,884 39,663 96,801 96,849 Total $ 65,712 $ 65,984 $ 165,126 $ 167,641

LOANS RECEIVABLE (Tables)

LOANS RECEIVABLE (Tables)	3 Months Ended
	Dec. 31, 2019
LOANS RECEIVABLE
Schedule of loans receivable	December 31, September 30, 2019 2019 (Dollars in Thousands) One-to-four family residential $ 262,706 $ 268,780 Multi-family residential 24,692 30,582 Commercial real estate 129,589 128,521 Construction and land development 251,972 253,368 Commercial business 19,160 19,630 Loans to financial institutions 6,000 6,000 Leases 391 518 Consumer 854 834 Total loans 695,364 708,233 Undisbursed portion of loans-in-process (98,555) (114,528) Deferred loan fees (2,434) (2,856) Allowance for loan losses (5,528) (5,393) Net loans $ 588,847 $ 585,456
Schedule of loans individually and collectively evaluated for impairment by loan segment	The following table summarizes by loan segment the balance in the allowance for loan losses and the loans individually and collectively evaluated for impairment by loan segment at December 31, 2019: One- to four - Construction Lans to family Multi-family Commercial real and land Commercial financial residential residential estate development business institutions Leases Consumer Unallocated Total (Dollars in Thousands) Allowance for Loan Losses: Individually evaluated for impairment $ — $ — $ — $ — $ — $ — $ — $ — $ — $ — Collectively evaluated for impairment 999 255 1,281 2,205 201 63 4 12 508 5,528 Total ending allowance balance $ 999 $ 255 $ 1,281 $ 2,205 $ 201 $ 63 $ 4 $ 12 $ 508 $ 5,528 Loans: Individually evaluated for impairment $ 4,028 $ — $ 1,473 $ 8,750 $ 15 $ — $ — $ 56 $ 14,322 Collectively evaluated for impairment 258,678 24,692 128,116 243,222 19,145 6,000 391 798 681,042 Total loans $ 262,706 $ 24,692 $ 129,589 $ 251,972 $ 19,160 $ 6,000 $ 391 $ 854 $ 695,364 The following table summarizes by loan segment the balance in the allowance for loan losses and the loans individually and collectively evaluated for impairment by loan segment at September 30, 2019: One- to four - Construction Loanss to family Multi-family Commercial real and land Commercial financial residential residential estate development business institutions Leases Consumer Unallocated Total (Dollars in Thousands) Allowance for Loan Losses: Individually evaluated for impairment $ — $ — $ — $ — $ — $ — $ — $ — $ — $ — Collectively evaluated for impairment 1,002 315 1,257 2,034 206 63 5 13 498 5,393 Total ending allowance balance $ 1,002 $ 315 $ 1,257 $ 2,034 $ 206 $ 63 $ 5 $ 13 $ 498 $ 5,393 Loans: Individually evaluated for impairment $ 4,827 $ — $ 1,965 $ 8,750 $ — $ — $ — $ — $ 15,542 Collectively evaluated for impairment 263,953 30,582 126,556 244,618 19,630 6,000 518 834 692,691 Total loans $ 268,780 $ 30,582 $ 128,521 $ 253,368 $ 19,630 $ 6,000 $ 518 $ 834 $ 708,233
Schedule of impaired loans by class, segregated by those for which a specific allowance was required and those for which a specific allowance was not necessary	The following table presents impaired loans by class as of December 31, 2019, segregated by those for which a specific allowance was required and those for which a specific allowance was not required. Impaired Loans with Impaired Loans with No Specific Specific Allowance Allowance Total Impaired Loans (Dollars in Thousands) Unpaid Recorded Related Recorded Recorded Principal Investment Allowance Investment Investment Balance One-to-four family residential $ — $ — $ 4,028 $ 4,028 $ 4,392 Commercial real estate — — 1,473 1,473 1,632 Construction and land development — — 8,750 8,750 11,131 Commercial business — — 15 15 15 Consumer — — 56 56 56 Total impaired loans $ — $ — $ 14,322 $ 14,322 $ 17,226 The following table presents impaired loans by class as of September 30, 2019, segregated by those for which a specific allowance was required and those for which a specific allowance was not required. Impaired Loans with Impaired Loans with No Specific Specific Allowance Allowance Total Impaired Loans (Dollars in Thousands) Unpaid Recorded Related Recorded Recorded Principal Investment Allowance Investment Investment Balance One-to-four family residential $ — $ — $ 4,827 $ 4,827 $ 5,179 Commercial real estate — — 1,965 1,965 2,125 Construction and land development — — 8,750 8,750 11,131 Total impaired loans $ — $ — $ 15,542 $ 15,542 $ 18,435
Schedule of average investment in impaired loans and related interest income recognized	Three Months Ended December 31, 2019 Average Income Income Recorded Recognized on Recognized on Investment Accrual Basis Cash Basis (Dollars in Thousands) One-to-four family residential $ 4,593 $ 3 $ 9 Multi-family residential 148 — — Commercial real estate 1,769 — 1 Construction and land development 8,750 — — Commercial business 8 — 1 Consumer 31 — — Total loans $ 15,299 $ 3 $ 11 Three Months Ended December 31, 2018 Average Income Income Recorded Recognized on Recognized on Investment Accrual Basis Cash Basis (Dollars in Thousands) One-to-four family residential $ 5,158 $ 15 $ 5 Multi-family residential 296 5 — Commercial real estate 2,064 10 1 Construction and land development 8,752 — — Consumer 5 — — Total loans $ 16,275 $ 30 $ 6
Schedule of classes of the loan portfolio in which a formal risk weighting system is utilized	December 31, 2019 Special Total Pass Mention Substandard Loans (Dollars in Thousands) One-to-four family residential $ 257,164 $ 1,514 $ 4,028 $ 262,706 Multi-family residential 24,692 — — 24,692 Commercial real estate 124,425 3,691 1,473 129,589 Construction and land development 243,222 — 8,750 251,972 Loans to financial institutions 6,000 — — 6,000 Commercial business 19,145 — 15 19,160 Total loans $ 674,648 $ 5,205 $ 14,266 $ 694,119 September 30, 2019 Special Total Pass Mention Substandard Loans (Dollars in Thousands) One-to-four family residential $ 262,164 $ 1,789 $ 4,827 $ 268,780 Multi-family residential 30,582 — — 30,582 Commercial real estate 122,838 3,718 1,965 128,521 Construction and land development 244,618 — 8,750 253,368 Loans to financial institutions 6,000 — — 6,000 Commercial business 19,630 — — 19,630 Total loans $ 685,832 $ 5,507 $ 15,542 $ 706,881
Schedule of loans in which a formal risk rating system is not utilized, but loans are segregated between performing and non-performing based primarily on delinquency status	December 31,2019 Non- Total Performing Performing Loans (Dollars in Thousands) One-to-four family residential $ 259,257 $ 3,449 $ 262,706 Leases 391 — 391 Consumer 798 56 854 Total loans $ 260,446 $ 3,505 $ 263,951 September 30,2019 Non- Total Performing Performing Loans (Dollars in Thousands) One-to-four family residential $ 265,068 $ 3,712 $ 268,780 Leases 518 — 518 Consumer 834 — 834 Total loans $ 266,420 $ 3,712 $ 270,132
Schedule of loan categories of the loan portfolio summarized by the aging categories of performing and delinquent loans and nonaccrual loans	December 31, 2019 90 Days+ 30‑89 Days 90 Days + Total Total Non- Past Due Current Past Due Past Due Past Due Loans Accrual and Accruing (Dollars in Thousands) One-to-four family residential $ 259,186 $ 1,009 $ 2,511 $ 3,520 $ 262,706 $ 3,449 $ — Multi-family residential 24,692 — — — 24,692 — — Commercial real estate 128,172 — 1,417 1,417 129,589 1,473 — Construction and land development 243,222 — 8,750 8,750 251,972 8,750 — Commercial business 19,145 — 15 15 19,160 15 — Loans to financial institutions 6,000 — — — 6,000 — — Leases 391 — — — 391 — — Consumer 688 110 56 166 854 56 — Total loans $ 681,496 $ 1,119 $ 12,749 $ 13,868 $ 695,364 $ 13,743 $ — September 30, 2019 90 Days+ 30‑89 Days 90 Days + Total Total Non- Past Due Current Past Due Past Due Past Due Loans Accrual and Accruing (Dollars in Thousands) One-to-four family residential $ 264,784 $ 750 $ 3,246 $ 3,996 $ 268,780 $ 3,712 $ — Multi-family residential 30,582 — — — 30,582 — — Commercial real estate 127,104 — 1,417 1,417 128,521 1,473 — Construction and land development 244,618 — 8,750 8,750 253,368 8,750 — Commercial business 19,630 — — — 19,630 — — Loans to financial institutions 6,000 — — — 6,000 — — Leases 518 — — — 518 — — Consumer 739 95 — 95 834 — — Total loans $ 693,975 $ 845 $ 13,413 $ 14,258 $ 708,233 $ 13,935 $ —
Schedule of primary segments of the allowance for loan losses, segmented into the amount required for loans individually evaluated for impairment and the amount required for loans collectively evaluated for impairment.	Three Months Ended December 31, 2019 One- to Multi- Construction Loans to four-family family Commercial and land Commercial financial residential residential real estate development business institutions Leases Consumer Unallocated Total (Dollars in Thousands) ALLL balance at September 30, 2019 $ 1,002 $ 315 $ 1,257 $ 2,034 $ 206 $ 63 $ 5 $ 13 $ 498 $ 5,393 Charge-offs — — — — — — — — — — Recoveries — — — — — — 10 — — 10 Provision (3) (60) 24 171 (5) — (11) (1) 10 125 ALLL balance at December 31, 2019 $ 999 $ 255 $ 1,281 $ 2,205 $ 201 $ 63 $ 4 $ 12 $ 508 $ 5,528 Three Months Ended December 31, 2018 One- to Multi- Construction Loans to four-family family Commercial and land Commercial financial residential residential real estate development business institutions Leases Consumer Unallocated Total (Dollars in Thousands) ALLL balance at September 30, 2018 $ 1,343 $ 347 $ 1,154 $ 1,554 $ 187 $ 64 $ 18 $ 18 $ 482 $ 5,167 Charge-offs — — — — — — — — — — Recoveries — — — — — — — — — — Provision 84 25 (7) (109) 6 3 (2) (5) 5 — ALLL balance at December 31, 2018 $ 1,427 $ 372 $ 1,147 $ 1,445 $ 193 $ 67 $ 16 $ 13 $ 487 $ 5,167

DEPOSITS (Tables)

DEPOSITS (Tables)	3 Months Ended
	Dec. 31, 2019
DEPOSITS
Schedule of major classifications of deposits	December 31, September 30, 2019 2019 Amount Percent Amount Percent (Dollars in Thousands) Money market deposit accounts $ 85,085 11.8 % $ 75,766 10.2 % Interest-bearing checking accounts 71,640 9.9 % 58,647 7.9 % Non interest-bearing checking accounts 20,637 2.9 % 16,949 2.3 % Passbook, club and statement savings 79,244 11.0 % 80,899 10.8 % Certificates maturing in six months or less 283,818 39.4 % 294,343 39.4 % Certificates maturing in more than six months 180,511 25.0 % 218,840 29.4 % Total $ 720,935 100.0 % $ 745,444 100.0 %

ADVANCES FROM FEDERAL HOME LO_3

ADVANCES FROM FEDERAL HOME LOAN BANK - SHORT TERM (Tables)	3 Months Ended
	Dec. 31, 2019
ADVANCES FROM FEDERAL HOME LOAN BANK - SHORT TERM
Schedule of short-term borrowings from the FHLB of Pittsburgh	December 31, September 30, (Dollar Amounts in Thousands) 2019 2019 Balance at period end $ 130,000 $ 90,000 Maximum month-end balance $ 130,000 $ 90,000 Weighted-average rate at period end % % Weighted-average rate during the period % %

ADVANCES FROM FEDERAL HOME LO_4

ADVANCES FROM FEDERAL HOME LOAN BANK - LONG TERM (Tables)	3 Months Ended
	Dec. 31, 2019
ADVANCES FROM FEDERAL HOME LOAN BANK - LONG TERM
Schedule of collateral agreement with the FHLB	Long-term FHLB Weighted advances: Maturity range average interest Stated interest rate range December 31, September 30, Description from to rate from to 2019 2019 (Dollars in Thousands) Fixed Rate - Amortizing 1‑Oct‑19 30‑Sep‑20 — 236 Fixed Rate - Amortizing 1‑Oct‑20 30‑Sep‑21 2.70 % 1.94 % 2.83 % 12,083 14,354 Fixed Rate - Amortizing 1‑Oct‑21 30‑Sep‑22 2.82 % 1.99 % 3.05 % 7,935 8,729 Fixed Rate - Amortizing 1‑Oct‑22 30‑Sep‑23 2.88 % 1.94 % 3.11 % 6,519 6,931 Total 2.78 % $ 26,537 $ 30,250 Fixed Rate - Advances 1‑Oct‑19 30‑Sep‑20 2.76 % 1.38 % 3.06 % $ 7,284 $ 12,304 Fixed Rate - Advances 1‑Oct‑20 30‑Sep‑21 2.37 % 1.42 % 2.92 % 18,012 18,017 Fixed Rate - Advances 1‑Oct‑21 30‑Sep‑22 2.31 % 1.94 % 3.23 % 63,326 63,336 Fixed Rate - Advances 1‑Oct‑22 30‑Sep‑23 2.52 % 2.00 % 3.22 % 94,999 94,999 Fixed Rate - Advances 1‑Oct‑23 30‑Sep‑24 2.88 % 2.38 % 3.20 % 67,998 67,998 Total 2.56 % $ 251,619 $ 256,654 2.58 % Total $ 278,156 $ 286,904

DERIVATIVES (Tables)

DERIVATIVES (Tables)	3 Months Ended
	Dec. 31, 2019
DERIVATIVES
Schedule of interest rate swap agreements and the terms	Below is a summary of the interest rate swap agreements and their terms as of December 31, 2019. Hedged Notional Pay Rate Receive Maturity Date Unrealized Item Amount from to Rate from to Loss (Dollars in Thousands) FHLB Advances $ 10,000 2.70 % 2.70 % 1 Mth Libor 10‑Apr‑25 10‑Apr‑25 $ (569) State and political subdivisions 21,570 3.06 % 3.07 % 3 Mth Libor 1‑Feb‑27 1‑May‑28 (1,939) State and political subdivision 2,825 3.06 % 3.06 % 3 Mth Libor 1‑Apr‑27 1‑Apr‑27 State and political subdivision 5,000 3.07 % 3.07 % 3 Mth Libor 1‑Jan‑28 1‑Jan‑28 State and political subdivision 1,235 3.07 % 3.07 % 3 Mth Libor 1‑Mar‑28 1‑Mar‑28 State and political subdivision 4,500 3.07 % 3.07 % 3 Mth Libor 1‑May‑28 1‑May‑28 State and political subdivision 3,305 3.05 % 3.05 % 3 Mth Libor 1‑Feb‑27 1‑Feb‑27 State and political subdivision 3,000 3.06 % 3.06 % 3 Mth Libor 15‑Oct‑27 15‑Oct‑27 Commercial loans 17,339 4.10 % 5.74 % 1 Mth Libor +225 to 276 bp 13‑Jun‑25 1‑Aug‑26 — 30 day wholesale funding 65,000 1.94 % 2.51 % 1 Mth Libor 15‑Feb‑24 12‑Jun‑26 (679) 90 day wholesale funding 135,000 2.51 % 2.78 % 3 Mth Libor 27‑Mar‑24 11‑Jan‑24 (5,315) $ (8,502) Below is a summary of the interest rate swap agreements and their terms as of September 30, 2019. Hedged Notional Pay Rate Receive Maturity Date Unrealized Item Amount from to Rate from to Loss (Dollars in Thousands) FHLB Advances $ 10,000 % 2.70 % 1 Mth Libor 10‑Apr‑25 10‑Apr‑25 $ (719) State and political subdivisions 21,570 % 3.07 % 3 Mth Libor 1‑Feb‑27 1‑May‑28 (2,502) Commercial loans 17,339 4.10 % 5.74 % 1 Mth Libor +225 to 276 bp 13‑Jun‑25 1‑Aug‑26 — 30 day wholesale funding 65,000 % 2.51 % 1 Mth Libor 15‑Feb‑24 12‑Jun‑26 (1,415) 90 day wholesale funding 135,000 % 2.78 % 3 Mth Libor 11‑Jan‑24 27‑Mar‑24 (6,605) $ (11,241)

INCOME TAXES (Tables)

INCOME TAXES (Tables)	3 Months Ended
	Dec. 31, 2019
INCOME TAXES
Schedule of deferred income taxes	December 31, September 30, 2019 2019 (Dollars in Thousands) Deferred tax assets: Allowance for loan losses $ 1,484 $ 1,488 Nonaccrual interest 505 487 Accrued vacation 7 7 Capital loss carryforward 121 121 Split dollar life insurance 9 9 Post-retirement benefits 74 76 Unrealized losses on interest rate swaps 1,354 1,836 Deferred compensation 812 809 Goodwill 66 69 Other 75 64 Employee benefit plans 257 216 Total deferred tax assets 4,764 5,182 Valuation allowance (121) (121) Total deferred tax assets, net of valuation allowance 4,643 5,061 Deferred tax liabilities: Property 133 141 Unrealized gain on equity securities 16 19 Unrealized gains on available for sale securities 1,840 2,153 Purchase accounting adjustments 245 215 Deferred loan fees 220 175 Total deferred tax liabilities 2,454 2,703 Net deferred tax assets $ 2,189 $ 2,358

STOCK COMPENSATION PLANS (Table

STOCK COMPENSATION PLANS (Tables)	3 Months Ended
	Dec. 31, 2019
EMPLOYEE BENEFITS
Schedule of summary of the non-vested stock award activity	Three Months Ended December 31, 2019 Weighted Average Number of Grant Date Per Shares Share Fair Value Nonvested stock awards at October 1,2019 68,980 $ 15.05 Granted — — Forfeited — — Vested — — Nonvested stock awards at the December 31,2019 68,980 $ 15.05
Schedule of summary of the status of the company' stock options under the stock option plan	Three Months Ended December 31, 2019 Number of Weighted Average Shares Exercise Price Outstanding at October 1,2019 793,034 $ 13.86 Granted — — Exercised — — Forfeited — — Outstanding at December 31,2019 793,034 $ 13.86 Exercisable at December 31,2019 489,288 $ 12.21

FAIR VALUE MEASUREMENT (Tables)

FAIR VALUE MEASUREMENT (Tables)	3 Months Ended
	Dec. 31, 2019
FAIR VALUE MEASUREMENT
Schedule of assets measured at fair value on recurring basis	Those assets and liabilities as of December 31, 2019 which are measured at fair value on a recurring basis are as follows: Category Used for Fair Value Measurement Level 1 Level 2 Level 3 Total (Dollars in Thousands) Assets: Securities available for sale: U.S. Government and agency obligations $ — $ 20,705 $ — $ 20,705 State and political subdivisons — 76,145 — 76,145 Mortgage-backed securities - U.S. Government agencies — 363,277 — 363,277 Corporate bonds — 70,791 — 70,791 Equity security - FHLMC preferred stock 77 — — 77 Total $ 77 $ 530,918 $ — $ 530,995 Liabilities: Interest rate swap contracts $ — $ 8,502 $ — $ 8,502 Total $ — $ 8,502 $ — $ 8,502 Those assets as of September 30, 2019 which are measured at fair value on a recurring basis are as follows: Category Used for Fair Value Measurement Level 1 Level 2 Level 3 Total (Dollars in Thousands) Assets: Securities available for sale: U.S. Government and agency obligations $ — $ 24,865 $ — $ 24,865 State and political subdivisions — 47,646 — 47,646 Mortgage-backed securities - U.S. Government agencies — 370,772 — 370,772 Corporate bonds — 69,539 — 69,539 Equity security - FHLMC preferred stock 95 — — 95 Total $ 95 $ 512,822 $ — $ 512,917 Liabilities: Interest rate swap contracts $ — $ 11,241 $ — $ 11,241 Total $ — $ 11,241 $ — $ 11,241
Schedule of summary of non-recurring fair value measurements	At December 31, 2019 (Dollars in Thousands) Level 1 Level 2 Level 3 Total Impaired loans $ — $ — $ 14,322 $ 14,322 Real estate owned — — 491 491 Total $ — $ — $ 14,813 $ 14,813 At September 30, 2019 (Dollars in Thousands) Level 1 Level 2 Level 3 Total Impaired loans $ — $ — $ 15,542 $ 15,542 Real estate owned — — 348 348 Total $ — $ — $ 15,890 $ 15,890
Schedule of nonrecurring fair value measurements categorized within level 3 of the fair value hierarchy	At December 31, 2019 (Dollars in Thousands) Valuation Range/ Fair Value Technique Unobservable Input Weighted Ave. Impaired loans $ 14,322 Property appraisals (1)(3) Management discount for selling costs, property type and market volatility (2) 6% to 9% discount/ 7 % Real estate owned $ 491 Property appraisals (1)(3) Management discount for selling costs, property type and market volatility (2) 22% discount At September 30, 2019 (Dollars in Thousands) Valuation Range/ Fair Value Technique Unobservable Input Weighted Ave. Impaired loans $ 15,542 Property appraisals (1)(3) Management discount for selling costs, property type and market volatility (2) 6% to 9% discount/ 7 % Real estate owned $ 348 Property appraisals (1)(3) Management discount for selling costs, property type and market volatility (2) 22% discount (1) Fair value is generally determined through independent appraisals of the underlying collateral, which generally includes various Level 3 inputs, which are not identifiable. (2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range and weighted average of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal. (3) Includes qualitative adjustments by management and estimated liquidation expenses.
Schedule of the estimated fair value amounts	Fair Value Measurements at Carrying Fair December 31, 2019 Amount Value (Level 1) (Level 2) (Level 3) (Dollars in Thousands) Assets: Cash and cash equivalents $ 28,807 $ 28,807 $ 28,807 $ — $ — Certificates of deposit 2,351 2,351 2,351 — — Investment and mortgage-backed securities held to maturity 70,219 70,710 — 70,710 — Loans receivable, net 588,847 591,745 — — 591,745 Accrued interest receivable 4,603 4,603 4,603 — — Restricted bank stock 17,579 17,579 17,579 — — Bank owned life insurance 32,010 32,010 32,010 — — Liabilities: Checking accounts 92,277 92,277 92,277 — — Money market deposit accounts 85,085 85,085 85,085 — — Passbook, club and statement savings accounts 79,244 79,244 79,244 — — Certificates of deposit 464,329 470,793 — — 470,793 Advances from FHLB - short-term 130,000 130,000 130,000 — — Advances from FHLB - long-term 278,156 284,142 — — 284,142 Accrued interest payable 2,038 2,038 2,038 — — Advances from borrowers for taxes and insurance 3,309 3,309 3,309 — — Fair Value Measurements at Carrying Fair September 30, 2019 Amount Value (Level 1) (Level 2) (Level 3) (Dollars in Thousands) Assets: Cash and cash equivalents $ 47,968 $ 47,968 $ 47,968 $ — $ — Certificates of deposit 2,351 2,351 2,351 — — Investment and mortgage-backed securities held to maturity 68,635 69,507 — 69,507 — Loans receivable, net 585,456 585,476 — — 585,476 Accrued interest receivable 4,549 4,549 4,549 — — Restricted bank stock 16,406 16,406 16,406 — — Bank owned life insurance 31,841 31,841 31,841 — — Liabilities: Checking accounts 75,596 75,596 75,596 — — Money market deposit accounts 75,766 75,766 75,766 — — Passbook, club and statement savings accounts 80,899 80,899 80,899 — — Certificates of deposit 513,183 529,099 — — 529,099 Accrued interest payable 4,328 4,328 4,328 — — Advances from FHLB -short-term 90,000 90,000 90,000 — — Advances from FHLB -long-term 286,904 293,839 — — 293,839 Advances from borrowers for taxes and insurance 2,332 2,332 2,332 — —

GOODWILL AND OTHER INTANGIBLE_2

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	3 Months Ended
	Dec. 31, 2019
GOODWILL AND OTHER INTANGIBLE ASSETS
Schedule of goodwill and intangible assets are related to the acquisition of Polonia Bancorp	Balance Balance October 1, Additions/ December 31, Amortization 2019 Adjustments Amortization 2019 Period Goodwill $ 6,102 $ — $ — $ 6,102 Core deposit intangible 448 — (30) 418 10 years $ 6,550 $ — $ (30) $ 6,520
Schedule of future fiscal periods amortization expense for core deposit intangible	(In Thousands) 2020 $ 78 2021 93 2022 78 2023 64 2024 49 Thereafter 56 Total $ 418

LEASES (Tables)

LEASES (Tables)	3 Months Ended
	Dec. 31, 2019
LEASES
Schedule of information related to operating leases	The following table summarizes other information related to our operating leases: December 31, 2019 Weighted-average remaining lease term - operating leases in years 7.0 Weighted-average discount rate - operating leases 2.0 %
Schedule of aggregate lease maturities and obligations	The following table presents aggregate lease maturities and obligations as of December 31, 2019: (Dollars in Thousands) 2020 $ 155 2021 210 2022 213 2023 216 2024 220 2025 and thereafter 647 Total lease payments 1,661 Less: interest 125 Present value of lease liabilities $ 1,536

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	3 Months Ended
	Dec. 31, 2019USD ($)item	Sep. 30, 2019USD ($)
Significant Accounting Policies [Line Items]
Number of full service branch offices | item	9
Number of banking offices | item	10
Operating right-of-use assets	$ 1,400,000
Operating lease liabilities	1,536,000
Retained earnings	51,391,000	$ 49,625,000
ASU 2016-02, Leases (Topic 842)
Significant Accounting Policies [Line Items]
Operating right-of-use assets	1,500,000
Operating lease liabilities	1,600,000
Retained earnings	$ 75,000
Philadelphia (Philadelphia County)
Significant Accounting Policies [Line Items]
Number of full service branch offices | item	8
PENNSYLVANIA
Significant Accounting Policies [Line Items]
Number of full service branch offices | item	1
Huntingdon Valley, Montgomery County
Significant Accounting Policies [Line Items]
Number of full service branch offices | item	1

EARNINGS PER SHARE - Calculated

EARNINGS PER SHARE - Calculated basic and diluted earnings per share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Earnings per share - basic
Net income	$ 2,463	$ 1,974
Weighted average common shares outstanding - basic	8,755,165	8,804,096
Effect of CSEs - basic	0	0
Adjusted weighted average common shares used in earnings per share computation - basic	8,755,165	8,804,096
Earnings (loss) per share - basic (in dollars per share)	$ 0.280	$ 0.220
Earnings per share - diluted
Net income	$ 2,463	$ 1,974
Weighted average shares outstanding - diluted	8,755,165	8,804,096
Effect of CSEs - diluted	170,827	189,276
Adjusted weighted average shares used in earnings per share computation - diluted	8,925,992	8,993,372
Earnings (loss) per share - diluted (in dollars per share)	$ 0.280	$ 0.220

EARNINGS PER SHARE - Additional

EARNINGS PER SHARE - Additional Information (Details) - shares	Mar. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
EARNINGS PER SHARE
Adjusted weighted average shares of common stock used in diluted earnings per share computation	550,832		666,526
Adjusted weighted average shares of common stock having exercise prices less than the current market value and are considered anti-dilutive		242,202	198,084

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) - Changes in accumulated other comprehensive (loss) income by component net of tax (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	$ 1,192
Total other comprehensive income	633	$ 2,121
Ending Balance	1,825
Total accumulated other comprehensive income (loss)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	1,192	(8,154)
Other comprehensive (loss) income before reclassification	883	2,121
Reclassification for net gains recorded in net income	(251)
Total other comprehensive income	2,075	(6,033)
Ending Balance	1,824	(6,033)
Unrealized gain (loss) on AFS securities
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	8,098	(8,320)
Other comprehensive (loss) income before reclassification	(927)	2,705
Reclassification for net gains recorded in net income	(251)
Total other comprehensive income	7,171	(5,615)
Ending Balance	6,920	(5,615)
Unrealized gain (loss) on interest rate swaps
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning Balance	(6,906)	166
Other comprehensive (loss) income before reclassification	1,810	(584)
Reclassification for net gains recorded in net income	0	0
Total other comprehensive income	(5,096)	(418)
Ending Balance	$ (5,096)	$ (418)

INVESTMENT AND MORTGAGE-BACKE_3

INVESTMENT AND MORTGAGE-BACKED SECURITIES - Amortized cost and fair value of investment and mortgage-backed securities, with gross unrealized gains and losses (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Sep. 30, 2019	Dec. 31, 2018
Securities Available for Sale:
Amortized Cost	$ 522,158
Gross Unrealized Gains			$ 9,719
Gross Unrealized Losses			(959)
Fair Value	530,918	$ 512,822	530,918
Equity securities, Amortized Cost	6	6
Equity securities, Gross Unrealized Gains	71	89
Equity securities, Fair Value	77	95
U.S. Government and agency obligations
Securities Available for Sale:
Amortized Cost	20,836	24,960
Gross Unrealized Gains	1	3
Gross Unrealized Losses		(98)	$ (132)
Fair Value	20,705	24,865
State and political subdivisions
Securities Available for Sale:
Amortized Cost	75,965	47,909
Gross Unrealized Gains	463	484
Gross Unrealized Losses	(283)	(747)
Fair Value	76,145	47,646
Mortgage-backed securities - US government agencies
Securities Available for Sale:
Amortized Cost	357,032	362,342
Gross Unrealized Gains	6,783	8,836
Gross Unrealized Losses	(538)	(406)
Fair Value	363,277	370,772
Corporate debt securities
Securities Available for Sale:
Amortized Cost	68,325	67,360
Gross Unrealized Gains	2,472	2,217
Gross Unrealized Losses	(6)	(38)
Fair Value	70,791	69,539
Total debt securities available for sale
Securities Available for Sale:
Amortized Cost		502,571
Gross Unrealized Gains		11,540
Gross Unrealized Losses		(1,289)
Fair Value		512,822
Equity security - FHLMC preferred stock
Securities Available for Sale:
Equity securities, Amortized Cost	6	6
Equity securities, Gross Unrealized Gains	71	89
Equity securities, Fair Value	$ 77	$ 95

INVESTMENT AND MORTGAGE-BACKE_4

INVESTMENT AND MORTGAGE-BACKED SECURITIES - Amortized cost and fair value of investment and mortgage-backed securities, with gross unrealized gains and losses (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Sep. 30, 2019
Securities Held to Maturity:
Amortized Cost	$ 70,219	$ 68,635
Gross Unrealized Gains	1,015	1,064
Gross unrealized losses	(524)	(192)
Fair value	70,710	69,507
U.S. Government and agency obligations
Securities Held to Maturity:
Amortized Cost	45,849	43,349
Gross Unrealized Gains	159	181
Gross unrealized losses	(512)	(188)
Fair value	45,496	43,342
Mortgage-backed securities - US government agencies
Securities Held to Maturity:
Amortized Cost	4,507	4,812
Gross Unrealized Gains	221	238
Gross unrealized losses	(2)	(4)
Fair value	4,726	5,046
State and political subdivisions
Securities Held to Maturity:
Amortized Cost	19,863	20,474
Gross Unrealized Gains	635	645
Gross unrealized losses	(10)
Fair value	$ 20,488	$ 21,119

INVESTMENT AND MORTGAGE-BACKE_5

INVESTMENT AND MORTGAGE-BACKED SECURITIES - Gross unrealized losses and related fair values of investment securities, aggregated by investment category and length of time (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Securities Available for Sale:
Less than 12 months - Gross Unrealized Losses	$ (106)	$ (284)
Less than 12 months - Fair value	59,933	58,741
More than 12 months - Gross Unrealized Losses	(1,183)	(675)
More than 12 months - Fair value	67,720	61,989
Gross Unrealized Losses - Total	(1,289)	(959)
Fair Value - Total	127,653	120,730
U.S. Government and agency obligations
Securities Available for Sale:
Less than 12 months - Gross Unrealized Losses	(3)	(33)
Less than 12 months - Fair value	6,997	9,967
More than 12 months - Gross Unrealized Losses	(95)	(99)
More than 12 months - Fair value	3,866	3,738
Gross Unrealized Losses - Total	(98)	(132)
Fair Value - Total	10,863	13,705
Mortgage-backed securities - US government agencies
Securities Available for Sale:
Less than 12 months - Gross Unrealized Losses	(86)	(58)
Less than 12 months - Fair value	50,057	16,278
More than 12 months - Gross Unrealized Losses	(320)	(225)
More than 12 months - Fair value	37,056	23,724
Gross Unrealized Losses - Total	(406)	(283)
Fair Value - Total	87,113	40,002
State and political subdivisions
Securities Available for Sale:
Less than 12 months - Gross Unrealized Losses	(4)	(193)
Less than 12 months - Fair value	890	32,496
More than 12 months - Gross Unrealized Losses	(743)	(345)
More than 12 months - Fair value	23,784	33,505
Gross Unrealized Losses - Total	(747)	(538)
Fair Value - Total	24,674	66,001
Corporate debt securities
Securities Available for Sale:
Less than 12 months - Gross Unrealized Losses	(13)
Less than 12 months - Fair value	1,989
More than 12 months - Gross Unrealized Losses	(25)	(6)
More than 12 months - Fair value	3,014	1,022
Gross Unrealized Losses - Total	(38)	(6)
Fair Value - Total	$ 5,003	$ 1,022

INVESTMENT AND MORTGAGE-BACKE_6

INVESTMENT AND MORTGAGE-BACKED SECURITIES - Gross unrealized losses and related fair values of investment securities, aggregated by investment category and length of time (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Securities Held to Maturity:
Less than 12 months - Gross Unrealized Losses	$ (192)	$ (524)
Less than 12 Months, Fair Value	15,605	47,111
Total - Gross Unrealized Losses	(192)	(524)
Total - Fair Value	15,605	47,111
U.S. Government and agency obligations
Securities Held to Maturity:
Less than 12 months - Gross Unrealized Losses	(188)	(512)
Less than 12 Months, Fair Value	14,811	44,337
More than 12 months - Gross Unrealized Losses	0	0
12 Months or More, Fair Value	0	0
Total - Gross Unrealized Losses	(188)	(512)
Total - Fair Value	14,811	44,337
Mortgage-backed securities - US government agencies
Securities Held to Maturity:
Less than 12 months - Gross Unrealized Losses	(4)	(2)
Less than 12 Months, Fair Value	794	759
More than 12 months - Gross Unrealized Losses		0
12 Months or More, Fair Value		0
Total - Gross Unrealized Losses	(4)	(2)
Total - Fair Value	$ 794	759
State and political subdivisions
Securities Held to Maturity:
Less than 12 months - Gross Unrealized Losses		(10)
Less than 12 Months, Fair Value		2,015
More than 12 months - Gross Unrealized Losses		0
12 Months or More, Fair Value		0
Total - Gross Unrealized Losses		(10)
Total - Fair Value		$ 2,015

INVESTMENT AND MORTGAGE-BACKE_7

INVESTMENT AND MORTGAGE-BACKED SECURITIES - Gross unrealized losses and related fair values of investment securities, aggregated by investment category and length of time (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
INVESTMENT AND MORTGAGE-BACKED SECURITIES
Less than 12 months - Gross Unrealized Losses	$ (298)	$ (808)
Fair Value, Less than 12 Months	75,538	105,852
More than 12 months - Gross Unrealized Losses	(1,183)	(675)
Fair Value, 12 Months or More	67,720	61,989
Gross Unrealized Losses -Total	(1,481)	(1,483)
Fair Value - Total	$ 143,258	$ 167,841

INVESTMENT AND MORTGAGE-BACKE_8

INVESTMENT AND MORTGAGE-BACKED SECURITIES - Amortized cost and fair value of debt securities, by contractual maturity (Details) $ in Thousands	Dec. 31, 2019USD ($)
Available for Sale, Amortized Cost
Due after one through five years	$ 20,571
Due after five through ten years	47,754
Due after ten years	96,801
Total	165,126
Available for Sale, Fair Value
Due after one through five years	21,104
Due after five through ten years	49,688
Due after ten years	96,849
Total	$ 167,641

INVESTMENT AND MORTGAGE-BACKE_9

INVESTMENT AND MORTGAGE-BACKED SECURITIES - Amortized cost and fair value of debt securities, by contractual maturity (Details) $ in Thousands	Dec. 31, 2019USD ($)
Held to Maturity - Amortized Cost
Due after one through five years	$ 1,707
Due after five through ten years	24,121
Due after ten years	39,884
Total	65,712
Held to Maturity - Fair Value
Due after one through five years	1,721
Due after five through ten years	24,600
Due after ten years	39,663
Total	$ 65,984

INVESTMENT AND MORTGAGE-BACK_10

INVESTMENT AND MORTGAGE-BACKED SECURITIES - Additional Information (Details)	3 Months Ended
	Dec. 31, 2019USD ($)security
Marketable Securities [Line Items]
Securities with a fair value in safekeeping account at the FHLB | $	$ 320,800,000
Realized net gains (losses) | $	318,000
Required to hold securities for its borrowings | $	188,300,000
Excess securities not restricted and could be sold or transferred | $	132,500,000
Mortgage-back securities sold with an aggregate amortized cost | $	$ 17,500,000
U.S. Government and agency obligations
Marketable Securities [Line Items]
Number of investment securities in debt obligations in the category of loss position less than 12 months held by company	16
Number of investment securities in debt obligations in the category of loss position more than 12 months held by company	1
Mortgage-backed securities - US government agencies
Marketable Securities [Line Items]
Number of investment securities in debt obligations in the category of loss position less than 12 months held by company	21
Number of investment securities in debt obligations in the category of loss position more than 12 months held by company	27
Corporate debt securities
Marketable Securities [Line Items]
Number of investment securities in debt obligations in the category of loss position less than 12 months held by company	4
Number of investment securities in debt obligations in the category of loss position more than 12 months held by company	1
State and political subdivisions
Marketable Securities [Line Items]
Number of investment securities in debt obligations in the category of loss position less than 12 months held by company	5
Number of investment securities in debt obligations in the category of loss position more than 12 months held by company	12

LOANS RECEIVABLE (Details)

LOANS RECEIVABLE (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 695,364	$ 708,233
Undisbursed portion of loans-in-process	(98,555)	(114,528)
Deferred loan fees	(2,434)	(2,856)
Allowance for loan losses	(5,528)	(5,393)	$ (5,167)	$ (5,167)
Net loans	588,847	585,456
One-to-four family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	262,706	268,780
Allowance for loan losses	(999)	(1,002)	(1,427)	(1,343)
Multi-family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	24,692	30,582
Allowance for loan losses	(255)	(315)	(372)	(347)
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	129,589	128,521
Allowance for loan losses	(1,281)	(1,257)	(1,147)	(1,154)
Construction and land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	251,972	253,368
Allowance for loan losses	(2,205)	(2,034)	(1,445)	(1,554)
Commercial business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	19,160	19,630
Allowance for loan losses	(201)	(206)	(193)	(187)
Loans to financial institutions
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	6,000	6,000
Allowance for loan losses	(63)	(63)	(67)	(64)
Leases
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	391	518
Allowance for loan losses	(4)	(5)	(16)	(18)
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	854	834
Allowance for loan losses	$ (12)	$ (13)	$ (13)	$ (18)

LOANS RECEIVABLE - Summary of l

LOANS RECEIVABLE - Summary of loans individually and collectively evaluated for impairment by loan segment (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Sep. 30, 2019
Loans:
Individually evaluated for impairment	$ 14,322	$ 15,542
Collectively evaluated for impairment	681,042	692,691
Total loans	695,364	708,233
One-to-four family residential
Loans:
Individually evaluated for impairment	4,028	4,827
Collectively evaluated for impairment	258,678	263,953
Total loans	262,706	268,780
Multi-family residential
Loans:
Collectively evaluated for impairment	24,692	30,582
Total loans	24,692	30,582
Commercial real estate
Loans:
Individually evaluated for impairment	1,473	1,965
Collectively evaluated for impairment	128,116	126,556
Total loans	129,589	128,521
Construction and land development
Loans:
Individually evaluated for impairment	8,750	8,750
Collectively evaluated for impairment	243,222	244,618
Total loans	251,972	253,368
Commercial business
Loans:
Individually evaluated for impairment	15	0
Collectively evaluated for impairment	19,145	19,630
Total loans	19,160	19,630
Loans to financial institutions
Loans:
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	6,000	6,000
Total loans	6,000	6,000
Leases
Loans:
Individually evaluated for impairment	0	0
Collectively evaluated for impairment	391	518
Total loans	391	518
Consumer
Loans:
Individually evaluated for impairment	56	0
Collectively evaluated for impairment	798	834
Total loans	$ 854	$ 834

LOANS RECEIVABLE - Impaired loa

LOANS RECEIVABLE - Impaired loans by class, segregated by those for which specific allowance was required and those for which specific allowance was not necessary (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Sep. 30, 2019	Sep. 30, 2018
Financing Receivable, Impaired [Line Items]
Impaired Loans with Specific Allowance - Recorded Investment	$ 0	$ 0
Impaired Loans with Specific Allowance - Related Allowance	0	0
Impaired Loans with No Specific Allowance - Recorded Investment	14,322	15,542
Total Impaired Loans - Recorded Investment	14,322	15,542
Total impaired loans - Unpaid Principal Balance	17,226	18,435
One-to-four family residential
Financing Receivable, Impaired [Line Items]
Impaired Loans with Specific Allowance - Recorded Investment	0	0
Impaired Loans with Specific Allowance - Related Allowance	0	0
Impaired Loans with No Specific Allowance - Recorded Investment	4,028	4,827
Total Impaired Loans - Recorded Investment	4,028	4,827
Total impaired loans - Unpaid Principal Balance	4,392	5,179
Commercial real estate
Financing Receivable, Impaired [Line Items]
Impaired Loans with Specific Allowance - Recorded Investment	0	0
Impaired Loans with Specific Allowance - Related Allowance	0	0
Impaired Loans with No Specific Allowance - Recorded Investment	1,473	1,965
Total Impaired Loans - Recorded Investment	1,473	1,965
Total impaired loans - Unpaid Principal Balance	1,632		$ 2,125
Commercial business
Financing Receivable, Impaired [Line Items]
Impaired Loans with No Specific Allowance - Recorded Investment	15
Total Impaired Loans - Recorded Investment	15
Total impaired loans - Unpaid Principal Balance	15
Construction and land development
Financing Receivable, Impaired [Line Items]
Impaired Loans with Specific Allowance - Recorded Investment	0	0
Impaired Loans with Specific Allowance - Related Allowance	0	0
Impaired Loans with No Specific Allowance - Recorded Investment	8,750	8,750
Total Impaired Loans - Recorded Investment	8,750	8,750
Total impaired loans - Unpaid Principal Balance	11,131	$ 11,131
Consumer
Financing Receivable, Impaired [Line Items]
Impaired Loans with Specific Allowance - Recorded Investment	0
Impaired Loans with Specific Allowance - Related Allowance	0
Impaired Loans with No Specific Allowance - Recorded Investment	56
Total Impaired Loans - Recorded Investment	56
Total impaired loans - Unpaid Principal Balance	$ 56

LOANS RECEIVABLE - Average reco

LOANS RECEIVABLE - Average recorded investment in impaired loans and related interest income recognized (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2019	Dec. 31, 2017
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	$ 15,299	$ 16,275
Income Recognized on Accrual Basis	3	30
Income Recognized on Cash Basis	11	6
One-to-four family residential
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	4,593	5,158
Income Recognized on Accrual Basis	3	15
Income Recognized on Cash Basis	9	5
Multi-family residential
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	148	296
Income Recognized on Accrual Basis	0	5
Income Recognized on Cash Basis	0	0
Commercial real estate
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	1,769	2,064
Income Recognized on Accrual Basis		10
Income Recognized on Cash Basis	1	1
Construction and land development
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	8,750	8,752
Income Recognized on Accrual Basis	0	0
Income Recognized on Cash Basis	0	0
Commercial business
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	8
Income Recognized on Cash Basis	1
Consumer
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	31	5
Income Recognized on Accrual Basis	0	0
Income Recognized on Cash Basis	$ 0	$ 0

LOANS RECEIVABLE - Summary of c

LOANS RECEIVABLE - Summary of classes of loan portfolio in which formal risk weighting system is utilized (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Sep. 30, 2019
Financing Receivable, Recorded Investment [Line Items]
Total Loans	$ 695,364	$ 708,233
One-to-four family residential
Financing Receivable, Recorded Investment [Line Items]
Total Loans	262,706	268,780
Multi-family residential
Financing Receivable, Recorded Investment [Line Items]
Total Loans	24,692	30,582
Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Total Loans	129,589	128,521
Construction and land development
Financing Receivable, Recorded Investment [Line Items]
Total Loans	251,972	253,368
Loans to financial institutions
Financing Receivable, Recorded Investment [Line Items]
Total Loans	6,000	6,000
Commercial business
Financing Receivable, Recorded Investment [Line Items]
Total Loans	19,160	19,630
Consumer
Financing Receivable, Recorded Investment [Line Items]
Total Loans	854	834
Risk Rating System
Financing Receivable, Recorded Investment [Line Items]
Total Loans	694,119	706,881
Risk Rating System | One-to-four family residential
Financing Receivable, Recorded Investment [Line Items]
Total Loans	262,706	268,780
Risk Rating System | Multi-family residential
Financing Receivable, Recorded Investment [Line Items]
Total Loans	24,692	30,582
Risk Rating System | Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Total Loans	129,589	128,521
Risk Rating System | Construction and land development
Financing Receivable, Recorded Investment [Line Items]
Total Loans	251,972	253,368
Risk Rating System | Loans to financial institutions
Financing Receivable, Recorded Investment [Line Items]
Total Loans	6,000	6,000
Risk Rating System | Commercial business
Financing Receivable, Recorded Investment [Line Items]
Total Loans	19,160	19,630
Risk Rating System | Pass
Financing Receivable, Recorded Investment [Line Items]
Total Loans	674,648	685,832
Risk Rating System | Pass | One-to-four family residential
Financing Receivable, Recorded Investment [Line Items]
Total Loans	257,164	262,164
Risk Rating System | Pass | Multi-family residential
Financing Receivable, Recorded Investment [Line Items]
Total Loans	24,692	30,582
Risk Rating System | Pass | Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Total Loans	124,425	122,838
Risk Rating System | Pass | Construction and land development
Financing Receivable, Recorded Investment [Line Items]
Total Loans	243,222	244,618
Risk Rating System | Pass | Loans to financial institutions
Financing Receivable, Recorded Investment [Line Items]
Total Loans	6,000	6,000
Risk Rating System | Pass | Commercial business
Financing Receivable, Recorded Investment [Line Items]
Total Loans	19,145	19,630
Risk Rating System | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total Loans	5,205	5,507
Risk Rating System | Special Mention | One-to-four family residential
Financing Receivable, Recorded Investment [Line Items]
Total Loans	1,514	1,789
Risk Rating System | Special Mention | Multi-family residential
Financing Receivable, Recorded Investment [Line Items]
Total Loans		0
Risk Rating System | Special Mention | Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Total Loans	3,691	3,718
Risk Rating System | Special Mention | Construction and land development
Financing Receivable, Recorded Investment [Line Items]
Total Loans	0	0
Risk Rating System | Special Mention | Loans to financial institutions
Financing Receivable, Recorded Investment [Line Items]
Total Loans	0	0
Risk Rating System | Special Mention | Commercial business
Financing Receivable, Recorded Investment [Line Items]
Total Loans	0	0
Risk Rating System | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total Loans	14,266	15,542
Risk Rating System | Substandard | One-to-four family residential
Financing Receivable, Recorded Investment [Line Items]
Total Loans	4,028	4,827
Risk Rating System | Substandard | Multi-family residential
Financing Receivable, Recorded Investment [Line Items]
Total Loans		0
Risk Rating System | Substandard | Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Total Loans	1,473	1,965
Risk Rating System | Substandard | Construction and land development
Financing Receivable, Recorded Investment [Line Items]
Total Loans	8,750	8,750
Risk Rating System | Substandard | Loans to financial institutions
Financing Receivable, Recorded Investment [Line Items]
Total Loans	0	0
Risk Rating System | Substandard | Commercial business
Financing Receivable, Recorded Investment [Line Items]
Total Loans	$ 15	$ 0

LOANS RECEIVABLE - Loans in whi

LOANS RECEIVABLE - Loans in which formal risk rating system is not utilized, but loans are segregated between performing and non-performing based primarily on delinquency status (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Sep. 30, 2019
Financing Receivable, Recorded Investment [Line Items]
Total Loans	$ 695,364	$ 708,233
One-to-four family residential
Financing Receivable, Recorded Investment [Line Items]
Total Loans	262,706	268,780
Leases
Financing Receivable, Recorded Investment [Line Items]
Total Loans	391	518
Consumer
Financing Receivable, Recorded Investment [Line Items]
Total Loans	854	834
Non Risk Rating System
Financing Receivable, Recorded Investment [Line Items]
Total Loans	263,951	270,132
Non Risk Rating System | One-to-four family residential
Financing Receivable, Recorded Investment [Line Items]
Total Loans	262,706	268,780
Non Risk Rating System | Leases
Financing Receivable, Recorded Investment [Line Items]
Total Loans	391	518
Non Risk Rating System | Consumer
Financing Receivable, Recorded Investment [Line Items]
Total Loans	854	834
Non Risk Rating System | Performing
Financing Receivable, Recorded Investment [Line Items]
Total Loans	260,446	266,420
Non Risk Rating System | Performing | One-to-four family residential
Financing Receivable, Recorded Investment [Line Items]
Total Loans	259,257	265,068
Non Risk Rating System | Performing | Leases
Financing Receivable, Recorded Investment [Line Items]
Total Loans	391	518
Non Risk Rating System | Performing | Consumer
Financing Receivable, Recorded Investment [Line Items]
Total Loans	798	834
Non Risk Rating System | Nonperforming
Financing Receivable, Recorded Investment [Line Items]
Total Loans	3,505	3,712
Non Risk Rating System | Nonperforming | One-to-four family residential
Financing Receivable, Recorded Investment [Line Items]
Total Loans	3,449	3,712
Non Risk Rating System | Nonperforming | Leases
Financing Receivable, Recorded Investment [Line Items]
Total Loans	0	0
Non Risk Rating System | Nonperforming | Consumer
Financing Receivable, Recorded Investment [Line Items]
Total Loans	$ 56	$ 0

LOANS RECEIVABLE - Loan categor

LOANS RECEIVABLE - Loan categories of loan portfolio summarized by aging categories of performing loans and nonaccrual loans (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Sep. 30, 2019
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	$ 681,496	$ 693,975
Past Due	13,868	14,258
Total Loans	695,364	708,233
Non- Accrual	13,743	13,935
90 Days+ Past Due and Accruing	0	0
30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	1,119	845
90 Days + Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	12,749	13,413
One-to-four family residential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	259,186	264,784
Past Due	3,520	3,996
Total Loans	262,706	268,780
Non- Accrual	3,449	3,712
90 Days+ Past Due and Accruing	0	0
One-to-four family residential | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	1,009	750
One-to-four family residential | 90 Days + Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	2,511	3,246
Multi-family residential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	24,692	30,582
Past Due	0	0
Total Loans	24,692	30,582
Non- Accrual	0	0
90 Days+ Past Due and Accruing	0	0
Multi-family residential | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	0	0
Multi-family residential | 90 Days + Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	0	0
Commercial real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	128,172	127,104
Past Due	1,417	1,417
Total Loans	129,589	128,521
Non- Accrual	1,473	1,473
90 Days+ Past Due and Accruing	0	0
Commercial real estate | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	0	0
Commercial real estate | 90 Days + Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	1,417	1,417
Construction and land development
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	243,222	244,618
Past Due	8,750	8,750
Total Loans	251,972	253,368
Non- Accrual	8,750	8,750
90 Days+ Past Due and Accruing	0	0
Construction and land development | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	0	0
Construction and land development | 90 Days + Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	8,750	8,750
Commercial business
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	19,145	19,630
Past Due	15	0
Total Loans	19,160	19,630
Non- Accrual	15	0
90 Days+ Past Due and Accruing	0	0
Commercial business | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	0	0
Commercial business | 90 Days + Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	15	0
Loans to financial institutions
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	6,000	6,000
Past Due	0	0
Total Loans	6,000	6,000
Non- Accrual	0	0
90 Days+ Past Due and Accruing	0	0
Loans to financial institutions | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	0	0
Loans to financial institutions | 90 Days + Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	0	0
Leases
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	391	518
Past Due	0	0
Total Loans	391	518
Non- Accrual	0	0
90 Days+ Past Due and Accruing	0	0
Leases | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	0	0
Leases | 90 Days + Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	0	0
Consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	688	739
Past Due	166	95
Total Loans	854	834
Non- Accrual	56	0
90 Days+ Past Due and Accruing	0	0
Consumer | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	110	95
Consumer | 90 Days + Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past Due	$ 56	$ 0

LOANS RECEIVABLE - Activity in

LOANS RECEIVABLE - Activity in allowance (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Sep. 30, 2019
Allowance for Loan and Lease Losses [Roll Forward]
ALLL balance	$ 5,393	$ 5,167
Charge-offs	0	0
Recoveries	10	0
Provision	125	0
ALLL balance	5,528	5,167
Individually evaluated for impairment	0		$ 0
Collectively evaluated for impairment	5,528		5,393
One-to-four family residential
Allowance for Loan and Lease Losses [Roll Forward]
ALLL balance	1,002	1,343
Charge-offs	0	0
Recoveries	0	0
Provision	(3)	84
ALLL balance	999	1,427
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	999		1,002
Multi-family residential
Allowance for Loan and Lease Losses [Roll Forward]
ALLL balance	315	347
Charge-offs	0	0
Recoveries	0	0
Provision	(60)	25
ALLL balance	255	372
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	255		315
Commercial real estate
Allowance for Loan and Lease Losses [Roll Forward]
ALLL balance	1,257	1,154
Charge-offs	0	0
Recoveries	0	0
Provision	24	(7)
ALLL balance	1,281	1,147
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	1,281		1,257
Construction and land development
Allowance for Loan and Lease Losses [Roll Forward]
ALLL balance	2,034	1,554
Charge-offs	0	0
Recoveries	0	0
Provision	171	(109)
ALLL balance	2,205	1,445
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	2,205		2,034
Commercial business
Allowance for Loan and Lease Losses [Roll Forward]
ALLL balance	206	187
Charge-offs	0	0
Recoveries	0	0
Provision	(5)	6
ALLL balance	201	193
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	201		206
Loans to financial institutions
Allowance for Loan and Lease Losses [Roll Forward]
ALLL balance	63	64
Charge-offs	0	0
Recoveries	0	0
Provision		3
ALLL balance	63	67
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	63		63
Leases
Allowance for Loan and Lease Losses [Roll Forward]
ALLL balance	5	18
Charge-offs	0	0
Recoveries	10	0
Provision	(11)	(2)
ALLL balance	4	16
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	4		5
Consumer
Allowance for Loan and Lease Losses [Roll Forward]
ALLL balance	13	18
Charge-offs	0	0
Recoveries	0	0
Provision	(1)	(5)
ALLL balance	12	13
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	12		13
Unallocated
Allowance for Loan and Lease Losses [Roll Forward]
ALLL balance	498	482
Charge-offs	0	0
Recoveries	0	0
Provision	10	5
ALLL balance	508	$ 487
Individually evaluated for impairment	0		0
Collectively evaluated for impairment	$ 508		$ 498

LOANS RECEIVABLE - Additional I

LOANS RECEIVABLE - Additional Information 2 (Details)	3 Months Ended
	Dec. 31, 2019USD ($)loan	Sep. 30, 2019USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of loans default | loan	9
Loans classified as troubled debt restructurings ("TDRs"), Recorded investment	$ 5,500,000
Loans receivable, net	588,847,000	$ 585,456,000
Carrying amount	$ 695,364,000	$ 708,233,000
Nonperforming
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of loans default | loan	3
Loans classified as troubled debt restructurings ("TDRs"), Recorded investment	$ 4,900,000
Amount of TDR loans, default	10,600,000
Nonperforming | Commercial and residential properties
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans classified as troubled debt restructurings ("TDRs"), Recorded investment	$ 428,000
Performing
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of loans default | loan	5
Loans classified as troubled debt restructurings ("TDRs"), Recorded investment	$ 135,000

DEPOSITS (Details)

DEPOSITS (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Sep. 30, 2019
Amount
Money market deposit accounts	$ 85,085	$ 75,766
Interest-bearing checking accounts	71,640	58,647
Non interest-bearing checking accounts	20,637	16,949
Passbook, club and statement savings	79,244	80,899
Certificates maturing in six months or less	283,818	294,343
Certificates maturing in more than six months	180,511	218,840
Total deposits	$ 720,935	$ 745,444
Percent
Non interest-bearing checking accounts	2.90%	2.30%
Interest-bearing checking accounts	9.90%	7.90%
Money market deposit accounts	11.80%	10.20%
Passbook, club and statement savings	11.00%	10.80%
Certificates maturing in six months or less	39.40%	39.40%
Certificates maturing in more than six months	25.00%	29.40%
Total	100.00%	100.00%

DEPOSITS - Additional Informati

DEPOSITS - Additional Information (Details) - USD ($) $ in Millions	Dec. 31, 2019	Sep. 30, 2019
DEPOSITS
Certificates of $250,000 and over	$ 146.5	$ 182.8

ADVANCES FROM FEDERAL HOME LO_5

ADVANCES FROM FEDERAL HOME LOAN BANK - SHORT TERM (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Sep. 30, 2018
ADVANCES FROM FEDERAL HOME LOAN BANK - SHORT TERM
Balance at year-end	$ 130,000	$ 90,000	$ 90,000
Maximum month-end balance	$ 130,000	$ 90,000
Weight-average rate at year-end	1.88%	2.32%
Weight-average rate during the year	2.01%	2.53%

ADVANCES FROM FEDERAL HOME LO_6

ADVANCES FROM FEDERAL HOME LOAN BANK - SHORT TERM - Additional Information (Details) $ in Thousands	Dec. 31, 2019USD ($)loan	Sep. 30, 2019USD ($)loan	Sep. 30, 2018USD ($)
Short-term Debt [Line Items]
Advances from Federal Home Loan Bank (short-term)	$ 130,000	$ 90,000	$ 90,000
Unsecured borrowing facilities with ACBB and PNC	$ 12,500	$ 10,000
Coupon	2.58%
Interest rate swap contract one
Short-term Debt [Line Items]
Number of 30 day FHLB advances | loan	7	7
Number of 90 day FHLB advances | loan	2
Advances from Federal Home Loan Bank (short-term)	$ 130,000
Coupon		90.00%

ADVANCES FROM FEDERAL HOME LO_7

ADVANCES FROM FEDERAL HOME LOAN BANK - LONG TERM (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Sep. 30, 2019
Federal Home Loan Bank, Advances [Line Items]
Stated interest rate range	2.58%
Amount	$ 278,156	$ 286,904
Fixed Rate - Amortizing
Federal Home Loan Bank, Advances [Line Items]
Amount	$ 26,537	30,250
Weighted average interest rate	2.78%
Long-term FHLB advances
Federal Home Loan Bank, Advances [Line Items]
Amount	$ 251,619	256,654
Long-term | Fixed Rate Amortizing Maturity from 1 Oct 19 to 30 Sep 20
Federal Home Loan Bank, Advances [Line Items]
Amount	0	236
Long-term | Fixed Rate Amortizing Maturity from 1 Oct 20 to 30 Sep 21
Federal Home Loan Bank, Advances [Line Items]
Amount	$ 12,083	14,354
Long-term | Fixed Rate Amortizing Maturity from 1 Oct 20 to 30 Sep 21 | Minimum
Federal Home Loan Bank, Advances [Line Items]
Stated interest rate range	1.94%
Long-term | Fixed Rate Amortizing Maturity from 1 Oct 20 to 30 Sep 21 | Maximum
Federal Home Loan Bank, Advances [Line Items]
Stated interest rate range	2.83%
Long-term | Fixed Rate Amortizing Maturity from 1 Oct 20 to 30 Sep 21 | Weighted average
Federal Home Loan Bank, Advances [Line Items]
Weighted average interest rate	2.70%
Long-term | Fixed Rate Amortizing Maturity from 1 Oct 21 to 30 Sep 22
Federal Home Loan Bank, Advances [Line Items]
Amount	$ 7,935	8,729
Long-term | Fixed Rate Amortizing Maturity from 1 Oct 21 to 30 Sep 22 | Minimum
Federal Home Loan Bank, Advances [Line Items]
Stated interest rate range	1.99%
Long-term | Fixed Rate Amortizing Maturity from 1 Oct 21 to 30 Sep 22 | Maximum
Federal Home Loan Bank, Advances [Line Items]
Stated interest rate range	3.05%
Long-term | Fixed Rate Amortizing Maturity from 1 Oct 21 to 30 Sep 22 | Weighted average
Federal Home Loan Bank, Advances [Line Items]
Weighted average interest rate	2.82%
Long-term | Fixed Rate Amortizing Maturity from 1 Oct 22 to 30 Sep 23
Federal Home Loan Bank, Advances [Line Items]
Amount	$ 6,519	6,931
Long-term | Fixed Rate Amortizing Maturity from 1 Oct 22 to 30 Sep 23 | Minimum
Federal Home Loan Bank, Advances [Line Items]
Stated interest rate range	1.94%
Long-term | Fixed Rate Amortizing Maturity from 1 Oct 22 to 30 Sep 23 | Maximum
Federal Home Loan Bank, Advances [Line Items]
Stated interest rate range	3.11%
Long-term | Fixed Rate Amortizing Maturity from 1 Oct 22 to 30 Sep 23 | Weighted average
Federal Home Loan Bank, Advances [Line Items]
Weighted average interest rate	2.88%
Long-term | Fixed Rate Advances Maturity from 1 Oct 19 to 30 Sep 20
Federal Home Loan Bank, Advances [Line Items]
Amount	$ 7,284	12,304
Long-term | Fixed Rate Advances Maturity from 1 Oct 19 to 30 Sep 20 | Minimum
Federal Home Loan Bank, Advances [Line Items]
Stated interest rate range	1.38%
Long-term | Fixed Rate Advances Maturity from 1 Oct 19 to 30 Sep 20 | Maximum
Federal Home Loan Bank, Advances [Line Items]
Stated interest rate range	3.06%
Long-term | Fixed Rate Advances Maturity from 1 Oct 19 to 30 Sep 20 | Weighted average
Federal Home Loan Bank, Advances [Line Items]
Weighted average interest rate	2.76%
Long-term | Fixed Rate Advances Maturity from 1 Oct 20 to 30 Sep 21
Federal Home Loan Bank, Advances [Line Items]
Amount	$ 18,012	18,017
Long-term | Fixed Rate Advances Maturity from 1 Oct 20 to 30 Sep 21 | Minimum
Federal Home Loan Bank, Advances [Line Items]
Stated interest rate range	1.42%
Long-term | Fixed Rate Advances Maturity from 1 Oct 20 to 30 Sep 21 | Maximum
Federal Home Loan Bank, Advances [Line Items]
Stated interest rate range	2.92%
Long-term | Fixed Rate Advances Maturity from 1 Oct 20 to 30 Sep 21 | Weighted average
Federal Home Loan Bank, Advances [Line Items]
Weighted average interest rate	2.37%
Long-term | Fixed Rate Advances Maturity from 1 Oct 21 to 30 Sep 22
Federal Home Loan Bank, Advances [Line Items]
Amount	$ 63,326	63,336
Long-term | Fixed Rate Advances Maturity from 1 Oct 21 to 30 Sep 22 | Minimum
Federal Home Loan Bank, Advances [Line Items]
Stated interest rate range	1.94%
Long-term | Fixed Rate Advances Maturity from 1 Oct 21 to 30 Sep 22 | Maximum
Federal Home Loan Bank, Advances [Line Items]
Stated interest rate range	3.23%
Long-term | Fixed Rate Advances Maturity from 1 Oct 21 to 30 Sep 22 | Weighted average
Federal Home Loan Bank, Advances [Line Items]
Weighted average interest rate	2.31%
Long-term | Fixed Rate Advances Maturity from 1 Oct 22 to 30 Sep 23
Federal Home Loan Bank, Advances [Line Items]
Amount	$ 94,999	94,999
Long-term | Fixed Rate Advances Maturity from 1 Oct 22 to 30 Sep 23 | Minimum
Federal Home Loan Bank, Advances [Line Items]
Stated interest rate range	2.00%
Long-term | Fixed Rate Advances Maturity from 1 Oct 22 to 30 Sep 23 | Maximum
Federal Home Loan Bank, Advances [Line Items]
Stated interest rate range	3.22%
Long-term | Fixed Rate Advances Maturity from 1 Oct 22 to 30 Sep 23 | Weighted average
Federal Home Loan Bank, Advances [Line Items]
Weighted average interest rate	2.52%
Long-term | Fixed Rate Advances Maturity from 1 Oct 23 to 30 Sep 24
Federal Home Loan Bank, Advances [Line Items]
Amount	$ 67,998	$ 67,998
Long-term | Fixed Rate Advances Maturity from 1 Oct 23 to 30 Sep 24 | Minimum
Federal Home Loan Bank, Advances [Line Items]
Stated interest rate range	2.38%
Long-term | Fixed Rate Advances Maturity from 1 Oct 23 to 30 Sep 24 | Maximum
Federal Home Loan Bank, Advances [Line Items]
Stated interest rate range	3.20%
Long-term | Fixed Rate Advances Maturity from 1 Oct 23 to 30 Sep 24 | Weighted average
Federal Home Loan Bank, Advances [Line Items]
Weighted average interest rate	2.88%
Long-term | Long-term FHLB advances | Weighted average
Federal Home Loan Bank, Advances [Line Items]
Weighted average interest rate	2.56%

DERIVATIVES (Details)

DERIVATIVES (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Sep. 30, 2019
Derivative [Line Items]
Unrealized Gain (Loss)	$ (8,502)		$ (11,241)
Interest rate swap contract maturing on 10 Apr 2025
Derivative [Line Items]
Hedge Item	FHLB Advances		FHLB Advances
Notional Amount	$ 10,000		$ 10,000
Pay rate	2.70%		2.70%
Receive Rate	1 Mth Libor		1 Mth Libor
Maturity date	Apr. 10, 2025		Apr. 10, 2025
Unrealized Gain (Loss)	$ (569)		$ (719)
Interest rate swap contract maturing on 1 May 2028
Derivative [Line Items]
Hedge Item	State and political subdivisions		State and political subdivisions
Notional Amount	$ 21,570		$ 21,570
Pay rate	3.07%		3.07%
Receive Rate	3 Mth Libor		3 Mth Libor
Maturity date	May 1, 2028		May 1, 2028
Unrealized Gain (Loss)	$ (1,939)		$ (2,502)
Interest rate swap contract maturing on 1 Apr 2027
Derivative [Line Items]
Hedge Item	State and political subdivision
Notional Amount	$ 2,825
Pay rate	3.06%
Receive Rate	3 Mth Libor
Maturity date	Apr. 1, 2027
Interest rate swap contract maturing on 1 Jan 2028
Derivative [Line Items]
Hedge Item	State and political subdivision
Notional Amount	$ 5,000
Pay rate	3.07%
Receive Rate	3 Mth Libor
Maturity date	Jan. 1, 2028
Interest rate swap contract maturing on 1 Mar 2028
Derivative [Line Items]
Hedge Item	State and political subdivision
Notional Amount	$ 1,235
Pay rate	3.07%
Receive Rate	3 Mth Libor
Maturity date	Mar. 1, 2028
Interest rate swap contract maturing on 1 May 2028
Derivative [Line Items]
Hedge Item	State and political subdivision
Notional Amount	$ 4,500
Pay rate	3.07%
Receive Rate	3 Mth Libor
Maturity date	May 1, 2028
Interest rate swap contract maturing on 1 Feb 2027
Derivative [Line Items]
Hedge Item	State and political subdivision
Notional Amount	$ 3,305
Pay rate	3.05%
Receive Rate	3 Mth Libor
Maturity date	Feb. 1, 2027
Interest rate swap contract maturing on 15 Oct 2027
Derivative [Line Items]
Hedge Item	State and political subdivision
Notional Amount	$ 3,000
Pay rate	3.06%
Receive Rate	3 Mth Libor
Maturity date	Oct. 15, 2027
Interest rate swap contract maturing on 1 Aug 2026
Derivative [Line Items]
Hedge Item	Commercial loans		Commercial loans
Notional Amount	$ 17,339		$ 17,339
Pay rate	5.74%		5.74%
Receive Rate	1 Mth Libor +225 to 276 bp		1 Mth Libor +225 to 276 bp
Maturity date	Aug. 1, 2026		Aug. 1, 2026
Unrealized Gain (Loss)	$ 0		$ 0
Interest rate swap contract maturing on 12 Jun 2026
Derivative [Line Items]
Hedge Item	30 day wholesale funding		30 day wholesale funding
Notional Amount	$ 65,000		$ 65,000
Pay rate	2.51%		2.51%
Receive Rate	1 Mth Libor		1 Mth Libor
Maturity date	Jun. 12, 2026		Jun. 12, 2026
Unrealized Gain (Loss)	$ (679)		$ (1,415)
Interest rate swap contract maturing on 11 Jan 24
Derivative [Line Items]
Hedge Item	90 day wholesale funding
Notional Amount	$ 135,000
Pay rate	2.78%
Receive Rate	3 Mth Libor
Maturity date		Jan. 11, 2024
Unrealized Gain (Loss)	$ (5,315)
Interest rate swap contract maturing on 27 Mar 24
Derivative [Line Items]
Hedge Item			90 day wholesale funding
Notional Amount			$ 135,000
Pay rate			2.78%
Receive Rate			3 Mth Libor
Maturity date			Mar. 27, 2024
Unrealized Gain (Loss)			$ (6,605)

DERIVATIVES - Additional Inform

DERIVATIVES - Additional Information (Details) - USD ($)	3 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
DERIVATIVES
Income recognized as ineffectiveness through earnings	$ 2,000	$ 3,000

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Sep. 30, 2019
Deferred tax assets:
Allowance for loan losses	$ 1,484	$ 1,488
Nonaccrual interest	505	487
Accrued vacation	7	7
Capital loss carryforward	121	121
Split dollar life insurance	9	9
Post-retirement benefits	74	76
Unrealized losses on interest rate swaps	1,354	1,836
Deferred compensation	812	809
Goodwill	66	69
Other	75	64
Employee benefit plans	257	216
Total deferred tax assets	4,764	5,182
Valuation allowance	(121)	(121)
Total deferred tax assets, net of valuation allowance	4,643	5,061
Deferred tax liabilities:
Property	133	141
Unrealized gain on equity securities	16	19
Unrealized gains on available for sale securities	1,840	2,153
Purchase accounting adjustments	245	215
Deferred loan fees	220	175
Total deferred tax liabilities	2,454	2,703
Net deferred tax assets	$ 2,189	$ 2,358

INCOME TAXES - Additional Infor

INCOME TAXES - Additional Information (Details) - USD ($)	3 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Sep. 30, 2019
INCOME TAXES
Period of capital gains recognized	5 years
Valuation allowance	$ (121,000)		$ (121,000)
Income tax expense	$ 566,000	$ 429,000

STOCK COMPENSATION PLANS - Summ

STOCK COMPENSATION PLANS - Summary of non-vested stock award activity (Details)	3 Months Ended
	Dec. 31, 2019$ / sharesshares
Number of Shares
Non-vested stock awards at beginning of year | shares	68,980
Granted | shares	0
Forfeited | shares	0
Vested | shares	0
Non-vested stock awards at the end of the period | shares	68,980
Weighted Average Grant Date Fair Value
Nonvested stock awards at beginning of year | $ / shares	$ 15.05
Granted | $ / shares	0
Forfeited | $ / shares	0
Vested | $ / shares	0
Non-vested stock awards at the end of the period | $ / shares	$ 15.05

STOCK COMPENSATION PLANS - Su_2

STOCK COMPENSATION PLANS - Summary of status of stock options under Stock Option Plan (Details 1) - 2008 Option Plan and 2014 SIP - Stock Options	3 Months Ended
	Dec. 31, 2019$ / sharesshares
Number of Shares
Options outstanding at beginning of year | shares	793,034
Granted | shares	0
Forfeited | shares	0
Outstanding at the end of the period | shares	793,034
Exercisable at December 31 | shares	489,288
Weighted Average Exercise Price
Options outstanding at beginning of year | $ / shares	$ 13.86
Granted | $ / shares	0
Forfeited | $ / shares	0
Outstanding at the end of the period | $ / shares	13.86
Exercisable at December 31 | $ / shares	$ 12.21

STOCK COMPENSATION PLANS - 2008

STOCK COMPENSATION PLANS - 2008 Recognition and Retention Plan (Details) - USD ($) $ / shares in Units, $ in Millions	1 Months Ended		3 Months Ended
	Mar. 31, 2018	Aug. 31, 2016	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted			0
2008 Recognition and Retention Plan ("2008 RRP")
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares purchased by RRP trust			213,528
Value of shares purchased in open market by RRP trust			$ 2.5
Average price per share of common stock purchased in the open market			$ 11.49
Number of shares granted	8,209	7,473

STOCK COMPENSATION PLANS - Opti

STOCK COMPENSATION PLANS - Option Plan (Details) - USD ($)	1 Months Ended						3 Months Ended
	Jul. 31, 2019	Mar. 31, 2018	May 30, 2017	Mar. 31, 2017	Aug. 31, 2016	Feb. 28, 2015	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted							0
2008 Stock Option Plan (the "2008 Option Plan")
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted		18,235	283
2008 Stock Option Plan (the "2008 Option Plan") | Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of vesting and exercisable per year								20.00%
Vesting period of options								5 years
Exercisable period of options after grant date								10 years
Number of common stock available for issuance								533,808
Number of shares purchased for award					18,866
2014 Stock Incentive Plan (the "2014 SIP")
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted			25,000	17,128	3,027
2014 Stock Incentive Plan (the "2014 SIP") | Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares for issuance pursuant to options								714,145
Number of shares granted				22,828	8,634
2014 Stock Incentive Plan (the "2014 SIP") | Restricted stock awards or units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of common stock available for issuance						285,655
Number of shares granted						233,500
2008 RRP and 2014 SIP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares purchased for award						605,000
Number of shares granted		18,291
2008 RRP and 2014 SIP | Restricted stock awards or units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period of options							5 years
Recognized compensation expense							$ 136,000	$ 157,000
Additional compensation expense for shares awarded remained unrecognized								715,000
2008 Option Plan and 2014 SIP | Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted	39,702	159,265
Recognized compensation expense								$ 229,000	$ 150,000
Additional compensation expense for shares awarded remained unrecognized							$ 550,000

STOCK COMPENSATION PLANS - Op_2

STOCK COMPENSATION PLANS - Option Granted (Details) - USD ($)	3 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average remaining contractual term for options outstanding		6 years 2 months 12 days
Exercise price and fair value		$ 18.46
2008 Option Plan and 2014 SIP | Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recognized compensation expense		$ 229,000	$ 150,000
Additional compensation expense for shares awarded remained unrecognized	$ 550,000
Weighted average period for recognition of nonvested awards		2 years 10 months 24 days
2008 Option Plan and 2014 SIP | Stock Options | Granted in fiscal 2009
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Estimated fair value of options granted per share		$ 2.98
2008 Option Plan and 2014 SIP | Stock Options | Granted in fiscal 2010
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Estimated fair value of options granted per share		2.92
2008 Option Plan and 2014 SIP | Stock Options | Granted in fiscal 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Estimated fair value of options granted per share		3.34
2008 Option Plan and 2014 SIP | Stock Options | Granted in fiscal 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Estimated fair value of options granted per share		4.67
2008 Option Plan and 2014 SIP | Stock Options | Granted in fiscal 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Estimated fair value of options granted per share		4.58
2008 Option Plan and 2014 SIP | Stock Options | Granted in fiscal 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Estimated fair value of options granted per share		2.13
2008 Option Plan and 2014 SIP | Stock Options | Granted in fiscal 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Estimated fair value of options granted per share		$ 3.18
Fair value, valuation method		Black-Scholes pricing model
Expected term		7 years
Volatility rate		14.37%
Expected interest rate		2.22%
Expected yield		0.69%
2008 Option Plan and 2014 SIP | Stock Options | Granted in fiscal 2017 | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price and fair value		$ 17.43
2008 Option Plan and 2014 SIP | Stock Options | Granted in fiscal 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Estimated fair value of options granted per share		$ 3.63
2008 Option Plan and 2014 SIP | Stock Options | Granted In March 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value, valuation method		Black-Scholes pricing model
Expected term		7 years
Volatility rate		15.90%
Expected interest rate		2.82%
Expected yield		1.08%
2008 Option Plan and 2014 SIP | Stock Options | Granted in fiscal 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price and fair value	$ 18.16
Expected term	7 years
Volatility rate	17.76%
Expected interest rate	1.87%
Expected yield	1.10%

COMMITMENTS AND CONTINGENT LI_2

COMMITMENTS AND CONTINGENT LIABILITIES (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2019	Sep. 30, 2019
COMMITMENTS AND CONTINGENT LIABILITIES
Outstanding commitments	$ 1,300
Aggregate undisbursed portion of loans-in-process	98,555	$ 114,528
Loan Origination Commitments
COMMITMENTS AND CONTINGENT LIABILITIES
Outstanding commitments	42,700	32,400
Aggregate undisbursed portion of loans-in-process	$ 98,600	$ 114,500
Loan Origination Commitments | Minimum
COMMITMENTS AND CONTINGENT LIABILITIES
Market interest rate on fixed and variable rate loans	1.99%	1.99%
Loan Origination Commitments | Maximum
COMMITMENTS AND CONTINGENT LIABILITIES
Market interest rate on fixed and variable rate loans	6.25%	6.50%
Unused lines of Credit
COMMITMENTS AND CONTINGENT LIABILITIES
Outstanding commitments	$ 35,800	$ 37,500
Letters of Credit
COMMITMENTS AND CONTINGENT LIABILITIES
Outstanding commitments	$ 1,300	$ 1,500

FAIR VALUE MEASUREMENT - Assets

FAIR VALUE MEASUREMENT - Assets measured at fair value on recurring basis (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Dec. 31, 2019	Sep. 30, 2019
Assets:
Assets, Total	$ 530,995	$ 512,917
Liabilities:
Liabilities, Total		11,241
Level 1
Assets:
Assets, Total	77	95
Level 2
Assets:
Assets, Total	530,918	512,822
Liabilities:
Liabilities, Total		11,241
U.S. Government and agency obligations
Assets:
Assets, Total	20,705	24,865
U.S. Government and agency obligations | Level 2
Assets:
Assets, Total	20,705	24,865
State and political subdivisions
Assets:
Assets, Total	76,145	47,646
State and political subdivisions | Level 2
Assets:
Assets, Total	76,145	47,646
Mortgage-backed securities - US government agencies
Assets:
Assets, Total	363,277	370,772
Mortgage-backed securities - US government agencies | Level 2
Assets:
Assets, Total	363,277	370,772
Corporate bonds
Assets:
Assets, Total	70,791	69,539
Corporate bonds | Level 2
Assets:
Assets, Total	70,791	69,539
Equity security - FHLMC preferred stock
Assets:
Assets, Total	77	95
Equity security - FHLMC preferred stock | Level 1
Assets:
Assets, Total	77	95
Interest rate swap contracts
Assets:
Assets, Total		11,241
Liabilities:
Liabilities, Total	8,502
Interest rate swap contracts | Level 2
Assets:
Assets, Total		$ 11,241
Liabilities:
Liabilities, Total	$ 8,502

FAIR VALUE MEASUREMENT - Change

FAIR VALUE MEASUREMENT - Changes in level 3 assets measured at fair value (Details) - Fair value measurements on a nonrecurring basis - USD ($) $ in Thousands	Dec. 31, 2019	Sep. 30, 2019
FAIR VALUE MEASUREMENT
Impaired loans	$ 14,322	$ 15,542
Real estate owned	491	348
Total	14,813	15,890
Level 1
FAIR VALUE MEASUREMENT
Impaired loans	0	0
Real estate owned	0	0
Total	0	0
Level 2
FAIR VALUE MEASUREMENT
Impaired loans	0	0
Real estate owned	0	0
Total	0	0
Level 3
FAIR VALUE MEASUREMENT
Impaired loans	14,322	15,542
Real estate owned	491	348
Total	$ 14,813	$ 15,890

FAIR VALUE MEASUREMENT - Valuat

FAIR VALUE MEASUREMENT - Valuation processes used to determine nonrecurring fair value measurements categorized within level 3 (Details) - Fair value measurements on a nonrecurring basis $ in Thousands	Dec. 31, 2019USD ($)	Sep. 30, 2019USD ($)
FAIR VALUE MEASUREMENT
Impaired loans	$ 14,322	$ 15,542
Real estate owned	491	348
Level 3
FAIR VALUE MEASUREMENT
Impaired loans	14,322	15,542
Real estate owned	$ 491	$ 348
Level 3 | Management discount for selling costs, property type and market volatility | Property appraisals | Minimum
FAIR VALUE MEASUREMENT
Impaired loans measurement input (in percent)		6
Level 3 | Management discount for selling costs, property type and market volatility | Property appraisals | Maximum
FAIR VALUE MEASUREMENT
Impaired loans measurement input (in percent)		9
Level 3 | Management discount for selling costs, property type and market volatility | Property appraisals | Weighted average
FAIR VALUE MEASUREMENT
Impaired loans measurement input (in percent)		7
Real estate owned measurement input (in percent)	22	22
Impaired loan | Level 3 | Management discount for selling costs, property type and market volatility | Property appraisals | Minimum
FAIR VALUE MEASUREMENT
Impaired loans measurement input (in percent)	6
Impaired loan | Level 3 | Management discount for selling costs, property type and market volatility | Property appraisals | Maximum
FAIR VALUE MEASUREMENT
Impaired loans measurement input (in percent)	9
Impaired loan | Level 3 | Management discount for selling costs, property type and market volatility | Property appraisals | Weighted average
FAIR VALUE MEASUREMENT
Impaired loans measurement input (in percent)	7

FAIR VALUE MEASUREMENT - Asse_2

FAIR VALUE MEASUREMENT - Assets measured at fair value on a non-recurring basis and the adjustments to the carrying value (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018
Assets:
Cash and cash equivalents	$ 28,807	$ 47,968
Certificates of deposit	2,351	2,351
Fair Value	530,918	512,822	$ 530,918
Amortized Cost	70,219	68,635
Equity securities	77	95
Loans receivable, net	588,847	585,456
Accrued interest receivable	4,603	4,549
Restricted stock-at cost	17,579	16,406
Bank owned life insurance	32,010	31,841
Liabilities:
Passbook, club and statement savings accounts	79,244	80,899
Advances from FHLB short-term	130,000	90,000		$ 90,000
Advances from FHLB long-term	278,156	286,904
Accrued interest payable	2,038	4,328
Advances from borrowers for taxes and insurance	3,309	2,332
Carrying Amount
Assets:
Cash and cash equivalents	28,807	47,968
Certificates of deposit	2,351	2,351
Amortized Cost	70,219	68,635
Loans receivable, net	588,847	585,456
Accrued interest receivable	4,603	4,549
Restricted stock-at cost	17,579	16,406
Bank owned life insurance	32,010	31,841
Liabilities:
Checking accounts	92,277	75,596
Money market deposit accounts	85,085	75,766
Passbook, club and statement savings accounts	79,244	80,899
Certificates of deposit	464,329	513,183
Advances from FHLB short-term	130,000	90,000
Advances from FHLB long-term	278,156	286,904
Accrued interest payable	2,038	4,328
Advances from borrowers for taxes and insurance	3,309	2,332
Fair Value
Assets:
Cash and cash equivalents	28,807	47,968
Certificates of deposit	2,351	2,351
Amortized Cost	70,710	69,507
Loans receivable, net	591,745	585,476
Accrued interest receivable	4,603	4,549
Restricted stock-at cost	17,579	16,406
Bank owned life insurance	32,010	31,841
Liabilities:
Checking accounts	92,277	75,596
Money market deposit accounts	85,085	75,766
Passbook, club and statement savings accounts	79,244	80,899
Certificates of deposit	470,793	529,099
Advances from FHLB short-term	130,000	90,000
Advances from FHLB long-term	284,142	293,839
Accrued interest payable	2,038	4,328
Advances from borrowers for taxes and insurance	3,309	2,332
Level 1
Assets:
Cash and cash equivalents	28,807	47,968
Certificates of deposit	2,351	2,351
Amortized Cost	0	0
Loans receivable, net	0	0
Accrued interest receivable	4,603	4,549
Restricted stock-at cost	17,579	16,406
Bank owned life insurance	32,010	31,841
Liabilities:
Checking accounts	92,277	75,596
Money market deposit accounts	85,085	75,766
Passbook, club and statement savings accounts	79,244	80,899
Certificates of deposit	0	0
Advances from FHLB short-term	130,000	90,000
Advances from FHLB long-term	0	0
Accrued interest payable	2,038	4,328
Advances from borrowers for taxes and insurance	3,309	2,332
Level 2
Assets:
Cash and cash equivalents	0	0
Certificates of deposit	0	0
Amortized Cost	70,710	69,507
Loans receivable, net	0	0
Accrued interest receivable	0	0
Restricted stock-at cost	0	0
Bank owned life insurance	0	0
Liabilities:
Checking accounts	0	0
Money market deposit accounts	0	0
Passbook, club and statement savings accounts	0	0
Certificates of deposit	0	0
Advances from FHLB short-term	0	0
Advances from FHLB long-term	0	0
Accrued interest payable	0	0
Advances from borrowers for taxes and insurance	0	0
Level 3
Assets:
Cash and cash equivalents	0	0
Certificates of deposit	0	0
Amortized Cost	0	0
Loans receivable, net	591,745	585,476
Accrued interest receivable	0	0
Restricted stock-at cost	0	0
Bank owned life insurance	0	0
Liabilities:
Checking accounts	0	0
Money market deposit accounts	0	0
Passbook, club and statement savings accounts	0	0
Certificates of deposit	470,793	529,099
Advances from FHLB short-term	0	0
Advances from FHLB long-term	284,142	293,839
Accrued interest payable	0	0
Advances from borrowers for taxes and insurance	$ 0	$ 0

FAIR VALUE MEASUREMENT - Additi

FAIR VALUE MEASUREMENT - Additional Information (Details) $ in Millions	Dec. 31, 2019USD ($)
Level 2
FAIR VALUE MEASUREMENT
Collateral dependent impaired loans, fair value	$ 14.3

GOODWILL AND OTHER INTANGIBLE_3

GOODWILL AND OTHER INTANGIBLE ASSETS - Related to acquisition of Polonia Bancorp (Details) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Goodwill
Balance, Goodwill	$ 6,102
Balance, Goodwill	6,102
Core deposit intangible
Balance	448
Balance	418
GOODWILL AND OTHER INTANGIBLE ASSETS, Total
Amortization	(30)	$ (33)
Polonia Bancorp
Goodwill
Balance, Goodwill	6,102
Additions/Adjustments	0
Balance, Goodwill	6,102
GOODWILL AND OTHER INTANGIBLE ASSETS, Total
Balance, Total	6,550
Additions/Adjustments	0
Amortization	(30)
Balance, Total	6,520
Polonia Bancorp | Core deposit intangible
Core deposit intangible
Balance	448
Additions/Adjustments	0
Amortization	(30)
Balance	$ 418
Amortization Period	10 years

GOODWILL AND OTHER INTANGIBLE_4

GOODWILL AND OTHER INTANGIBLE ASSETS - Future fiscal periods amortization expense (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Sep. 30, 2019
GOODWILL AND OTHER INTANGIBLE ASSETS
2020	$ 78
2021	93
2022	78
2023	64
2024	49
Thereafter	56
Total	$ 418	$ 448

LEASES (Details)

LEASES (Details)	3 Months Ended
	Dec. 31, 2019USD ($)
Lessee, Lease, Description [Line Items]
Operating lease ROU assets	$ 1,400,000
Operating lease liabilities	1,536,000
Operating lease cost	$ 51,000
Weighted-average remaining lease term - operating leases in years	7 years
Weighted-average discount rate - operating leases	2.00%
Minimum
Lessee, Lease, Description [Line Items]
Remaining lease term (in years)	5 years
Maximum
Lessee, Lease, Description [Line Items]
Remaining lease term (in years)	9 years

LEASES - Aggregate lease maturi

LEASES - Aggregate lease maturities and obligations (Details) $ in Thousands	Dec. 31, 2019USD ($)
Aggregate lease maturities and obligations
2020	$ 155
2021	210
2022	213
2023	216
2024	220
2025 and thereafter	647
Total lease payments	1,661
Less: interest	125
Present value of lease liabilities	$ 1,536