Prudential Bancorp (PBIP) 10-Q 9 Aug 16 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Jun. 30, 2016	Jul. 31, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	PRUDENTIAL BANCORP, INC.
Entity Central Index Key	1,578,776
Trading Symbol	pbip
Current Fiscal Year End Date	--09-30
Entity Filer Category	Accelerated Filer
Entity Common Stock Shares Outstanding		8,045,544
Document Type	10-Q
Document Period End Date	Jun. 30, 2016
Amendment Flag	false
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3

UNAUDITED CONSOLIDATED STATEMEN

UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($) $ in Thousands	Jun. 30, 2016	Sep. 30, 2015
ASSETS
Cash and amounts due from depository institutions	$ 2,180	$ 2,150
Interest-bearing deposits	36,392	9,122
Total cash and cash equivalents	38,572	11,272
Investment and mortgage-backed securities available for sale (amortized cost - June 30, 2016, $136,913; September 30, 2015, $77,456)	138,683	77,483
Investment and mortgage-backed securities held to maturity (fair value - June 30, 2016, $16,793; September 30, 2015, $66,877)	15,488	66,384
Loans receivable - net of allowance for loan losses (June 30, 2016, $3,269; September 30, 2015, $2,930)	342,459	312,633
Accrued interest receivable	1,763	1,665
Real estate owned	207	869
Federal Home Loan Bank stock - at cost	2,387	369
Office properties and equipment - net	1,419	1,492
Bank owned life insurance	12,973	12,722
Prepaid expenses and other assets	1,863	1,325
Deferred tax assets-net	476	975
TOTAL ASSETS	556,290	487,189
Deposits:
Noninterest-bearing	2,832	2,293
Interest-bearing	383,808	362,781
Total deposits	386,640	365,074
Advances from Federal Home Loan Bank	50,227
Accrued interest payable	1,015	1,291
Advances from borrowers for taxes and insurance	2,769	1,670
Accounts payable and accrued expenses	2,573	2,153
Total liabilities	443,224	370,188
STOCKHOLDERS' EQUITY:
Preferred stock, $.01 par value, 10,000,000 shares authorized, none issued
Common stock, $.01 par value, 40,000,000 shares authorized; 9,544,809 issued and 8,060,799 outstanding at June 30, 2016 and 9,544,809 issued and 8,449,625 outstanding at September 30, 2015	95	95
Additional paid-in capital	95,433	95,286
Unearned Employee Stock Ownership Plan shares	(4,644)	(4,926)
Treasury stock, at cost: 1,499,265 shares at June 30, 2016 and 1,095,184 at September 30, 2015	(21,013)	(14,691)
Retained earnings	42,263	41,219
Accumulated other comprehensive income	932	18
Total stockholders' equity	113,066	117,001
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 556,290	$ 487,189

UNAUDITED CONSOLIDATED STATEME3

UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parentheticals) - USD ($) $ in Thousands	Jun. 30, 2016	Sep. 30, 2015
Statement Of Financial Position [Abstract]
Investment and mortgage-backed securities available for sale, amortized cost (in dollars)	$ 136,913	$ 77,456
Investment and mortgage-backed securities held to maturity, fair value (in dollars)	16,793	66,877
Allowance for loan losses on loans receivable (in dollars)	$ 3,269	$ 2,930
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	9,544,809	9,544,809
Common stock, shares outstanding	8,060,799	8,449,625
Treasury stock, shares	1,499,265	1,095,184

UNAUDITED CONSOLIDATED STATEME4

UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
INTEREST INCOME:
Interest on loans	$ 3,263	$ 3,085	$ 9,489	$ 9,629
Interest on mortgage-backed securities	673	465	1,868	1,331
Interest and dividends on investments	529	487	1,517	1,587
Interest on interest-bearing assets	9	18	22	52
Total interest income	4,474	4,055	12,896	12,599
INTEREST EXPENSE:
Interest on deposits	682	851	2,177	2,623
Interest on advances from Federal Home Loan Bank	142		296
Total interest expense	824	851	2,473	2,623
NET INTEREST INCOME	3,650	3,204	10,423	9,976
PROVISION FOR LOAN LOSSES	150	210	225	585
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	3,500	2,994	10,198	9,391
NON-INTEREST INCOME:
Fees and other service charges	142	87	371	283
Gain on sale of loans, net			2	138
Gain on the sale of office properties		231		2,024
Gain on sale of investment securities (AFS)	161		161
Income from bank owned life insurance	83	84	251	261
Other	14	43	98	77
Total non-interest income	400	445	883	2,783
NON-INTEREST EXPENSE:
Salaries and employee benefits	1,684	2,157	5,071	5,997
Data processing	112	97	340	309
Professional services	230	303	750	923
Office occupancy	246	279	753	769
Director compensation	123	107	351	275
Deposit insurance	134	95	306	231
Advertising	17	37	55	140
Other	269	357	881	1,225
Total non-interest expense	2,815	3,432	8,507	9,869
INCOME BEFORE INCOME TAXES	1,085	7	2,574	2,305
INCOME TAXES:
Current expense	308	(46)	807	279
Deferred expense (benefit)		6	29	(193)
Total income tax expense (benefit)	308	(40)	836	86
NET INCOME	$ 777	$ 47	$ 1,738	$ 2,219
BASIC EARNINGS PER SHARE (in dollars per share)	$ 0.10	$ 0.01	$ 0.23	$ 0.26
DILUTED EARNINGS PER SHARE (in dollars per share)	0.10	0.01	0.23	0.26
DIVIDENDS PER SHARE (in dollars per share)	$ 0.03	$ 0.18	$ 0.09	$ 0.24

UNAUDITED CONSOLIDATED STATEME5

UNAUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Statement Of Other Comprehensive Income [Abstract]
Net income	$ 777	$ 47	$ 1,738	$ 2,219
Unrealized holding gains (losses) on available-for-sale securities	744	(1,145)	1,897	452
Tax effect	(257)	389	(645)	(154)
Reclassification adjustment for net gain on sale of securities realized in net income	(161)		(161)
Tax effect	55		55
Unrealized holding loss on interest rate swaps	(351)		(351)
Tax effect	119		119
Total other comprehensive income (loss)	149	(756)	914	298
Comprehensive Income (loss)	$ 926	$ (709)	$ 2,652	$ 2,517

UNAUDITED CONSOLIDATED STATEME6

UNAUDITED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Common Stock	Additional Paid-In Capital	Unearned ESOP Shares	Treasury Stock	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Total
BALANCE at Sep. 30, 2014	$ 95	$ 94,397	$ (5,302)		$ 41,188	$ (953)	$ 129,425
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income					2,219		2,219
Other comprehensive income						298	298
Dividends paid ($0.24 and $0.09 per share for June 30, 2015 and June 30, 2016 respectively)					(2,111)		(2,111)
Excess tax benefit from stock compensation plans		118					118
Purchase of treasury stock (694,871 and 520,546 share for June 30, 2015 and June 30, 2016 respectively)				$ (8,853)			(8,853)
Stock option expense		241					241
Recognition and Retention Plan expense		173					173
ESOP shares committed to be released (26,638 and (26,649) per share for June 30, 2015 and June 30, 2016 respectively)		201	282				483
BALANCE at Jun. 30, 2015	95	95,130	(5,020)	(8,853)	41,296	(655)	121,993
BALANCE at Sep. 30, 2015	95	95,286	(4,926)	(14,691)	41,219	18	117,001
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income					1,738		1,738
Other comprehensive income						914	914
Dividends paid ($0.24 and $0.09 per share for June 30, 2015 and June 30, 2016 respectively)					(694)		(694)
Excess tax benefit from stock compensation plans		156					156
Issuance of treasury stock (74,665 shares)				862			862
Purchase of treasury stock (694,871 and 520,546 share for June 30, 2015 and June 30, 2016 respectively)				(7,824)			(7,824)
Treasury stock used for Recognition and Retention Plan (41,800 shares issued)		(640)		640
Stock option expense		278					278
Recognition and Retention Plan expense		251					251
ESOP shares committed to be released (26,638 and (26,649) per share for June 30, 2015 and June 30, 2016 respectively)		102	282				384
BALANCE at Jun. 30, 2016	$ 95	$ 95,433	$ (4,644)	$ (21,013)	$ 42,263	$ 932	$ 113,066

UNAUDITED CONSOLIDATED STATEME7

UNAUDITED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parentheticals) - $ / shares	9 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Statement Of Stockholders Equity [Abstract]
Dividends paid (in dollars per share)	$ 0.09	$ 0.24
Issuance of treasury stock, shares	74,665
Purchase of treasury stock, shares	520,546	694,871
Treasury stock used for Recognition and Retention Plan, shares	41,800
ESOP shares committed to be released	(26,649)	26,638

UNAUDITED CONSOLIDATED STATEME8

UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
OPERATING ACTIVITIES:
Net income	$ 1,738	$ 2,219
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation	242	239
Net amortization (accretion) of premiums/discounts	11	(192)
Provision for loan losses	225	585
Net amortization of deferred loan fees and costs	172	187
Share-based compensation expense for stock options and awards	529	414
Income from bank owned life insurance	(251)	(261)
Gain from sale of loans	(2)	(138)
Gain on sale of office properties		(2,024)
Gain on sale of other real estate owned	(58)
Gain on sale of investments	(161)
Originations of loans held for sale	(450)	(2,400)
Proceeds from sale of loans held for sale	452	2,538
Compensation expense of ESOP	384	483
Deferred income tax expense (benefit)	29	(193)
Changes in assets and liabilities which used cash:
Accrued interest receivable	(98)	32
Prepaid expenses and other assets	(898)	532
Accrued interest payable	(276)	(547)
Accounts payable and accrued expenses	420	(41)
Net cash provided by operating activities	2,008	1,433
INVESTING ACTIVITIES:
Purchase of investment and mortgage-backed securities available for sale	(67,815)
Purchase of corporate bonds available for sale	(20,466)	(22,837)
Loans originated or acquired	(59,918)	(53,139)
Principal collected on loans	29,488	55,943
Principal payments received on investment and mortgage-backed securities:
Held-to-maturity	50,962	10,875
Available-for-sale	3,748	4,268
Proceeds from sale of investments and mortgage-backed securities AFS	25,161
Proceeds from redemption of FHLB stock		852
Purchase of FHLB stock	(2,018)
Proceeds from sale of real estate owned	927	360
Proceeds from sale of office properties		2,114
Purchases of equipment	(169)	(400)
Net cash used in investing activities	(40,100)	(1,964)
FINANCING ACTIVITIES:
Net decrease in demand deposits, NOW accounts, and savings accounts	(4,411)	(5,738)
Net increase (decrease) in certificates of deposit	25,977	(9,184)
Proceeds from FHLB advances	51,999
Repayment of FHLB advances	(1,772)	(340)
Increase in advances from borrowers for taxes and insurance	1,099	1,562
Cash dividends paid	(694)	(2,111)
Issuance of treasury stock	1,502
Purchase of treasury stock	(8,464)	(8,853)
Excess tax benefit related to stock compensation plans	156	118
Net cash provided by (used in) financing activities	65,392	(24,546)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	27,300	(25,077)
CASH AND CASH EQUIVALENTS - Beginning of period	11,272	45,382
CASH AND CASH EQUIVALENTS - End of period	38,572	20,305
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Interest paid on deposits and advances from Federal Home Loan Bank	2,749	3,170
Income taxes paid	450	$ 475
SUPPLEMENTAL DISCLOSURE OF NONCASH ITEMS:
Real estate acquired in settlement of loans	$ 207

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
SIGNIFICANT ACCOUNTING POLICIES	1. SIGNIFICANT ACCOUNTING POLICIES Prudential Bancorp, Inc. (the “Company”) is a Pennsylvania corporation and the parent holding company for Prudential Saving 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 and five full-service branch offices. Five of the banking offices are located in Philadelphia (Philadelphia County), and one is in Drexel Hill, Delaware County, Pennsylvania. The Bank maintains ATMs at all six 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, Prudential is subject to the regulation of the Board of Governors of the Federal Reserve System. On June 2, 2016, the Company announced the entering into of a definitive merger agreement with Polonia Bancorp, Inc. (“Polonia”); pending receipt of the necessary shareholder and regulatory approvals, Polonia will merge with and into the Company, and Polonia Bank, Polonia’s wholly owned subsidiary, will merge with and into the Bank. Basis of presentation – Use of Estimates in the Preparation of Financial Statements — Share-Based Compensation Dividends with respect to non-vested share awards granted pursuant to the Company’s 2008 Recognition and Retention Plan (“Plan”) and held in the Trust (the “Trust”) are held for the benefit of the recipients and are paid out proportionately by the Trust to the recipients of stock awards granted pursuant to the Plan as soon as practicable after the stock awards are earned. A recipient of a share award granted under the 2014 Stock Incentive Plan is not entitled to receive any dividends declared on the common stock subject to the award until earned. Treasury Stock – FHLB Stock – Recent Accounting Pronouncements In January 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU” or “Update”) 2014-01, Investments – Equity Method and Joint Ventures (Topic 323) In January 2014, the FASB issued ASU 2014-04, Receivables – Troubled Debt Restructurings by Creditors (Subtopic 310-40): In May 2014, the FASB issued ASU 2014-09 , Revenue from Contracts with Customers (a new revenue recognition standard). In June 2014, the FASB issued ASU 2014-12, Compensation-Stock Compensation (Topic 718): Accounting for Share-Based Payments when the Terms of an Award Provide that a Performance Target Could Be Achieved After the Requisite Service Period In August 2014, the FASB issued ASU 2014-15, Presentation of Financial Statements – Going Concern (Subtopic 205-40). In November 2014, the FASB issued ASU 2014-16, Derivatives and Hedging (Topic 815): Determining Whether the Host Contract in a Hybrid Financial Instrument Issued in the Form of a Share Is More Akin to Debt or to Equity (a consensus of the FASB Emerging Issues Task Force). In November 2014, the FASB issued ASU 2014-17, Business Combinations (Topic 805): Pushdown Accounting. In January 2015, the FASB issued ASU 2015-01 , Income Statement –Extraordinary and Unusual Items, In February 2015, the FASB issued ASU 2015-02, Consolidation (Topic 810) In April 2015, the FASB issued ASU 2015-03, Interest-Imputation of Interest (Subtopic 835-30) In April 2015, the FASB issued ASU 2015-04, Compensation – Retirement Benefits (Topic 715), In April 2015, the FASB issued ASU 2015-05, Intangibles – Goodwill and Other – Internal-Use Software (Subtopic 350-40), In May 2015, the FASB issued ASU 2015-08, Business Combinations - Pushdown Accounting - Amendment to SEC Paragraphs Pursuant to Staff Accounting Bulletin No. 115. In August 2015, the FASB issued ASU 2015-14, Revenue from Contract with Customers (Topic 606). In September 2015, the FASB issued ASU 2015-16, Business Combinations (Topic 805). In January 2016, the FASB issued ASU 2016-01, Financial Instruments – Overall (Subtopic 825-10) Recognition and Measurement of Financial Assets and Financial Liabilities In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) In March 2016, the FASB issued ASU 2016-04, Liabilities – In March 2016, the FASB issued ASU 2016-05, Derivatives and Hedging (Topic 815) . In March 2016, the FASB issued ASU 2016-06, Derivatives and Hedging (Topic 815) In March 2016, the FASB issued ASU 2016-07, Investments – In March 2016, the FASB issued ASU 2016-08, Revenue from Contracts with Customers (Topic 606). Revenue from Contracts with Customers (Topic 606), Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date, In March 2016, the FASB issued ASU 2016-09, Compensation – Stock Compensation (Topic 718) Share-Based Payment In April 2016, the FASB issued ASU 2016-10, Revenue from Contracts with Customers (Topic 606). Revenue from Contracts with Customers (Topic 606) Revenue from Contracts with Customers (Topic 606) In May 2016, the FASB issued ASU 2016-11, Revenue Recognition (Topic 605) and Derivative and Hedging (Topic 815 In May 2016, the FASB issued ASU 2016-12, Revenue from Contracts with Customers (Topic 606) Revenue from Contracts with Customers (Topic 606) Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date In June 2016, the FASB issued ASU 2016-13, Financial Instruments-Credit Losses: Measurement of Credit Losses on Financial Instruments

EARNINGS PER SHARE

EARNINGS PER SHARE	9 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
EARNINGS PER SHARE	2. EARNINGS PER SHARE Basic earnings per common share is computed by dividing net income available to common shareholders 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 shareholders 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 June 30, 2016 2015 Basic Diluted Basic Diluted (Dollars in Thousands Except Per Share Data) Net income $ 777 $ 777 $ 47 $ 47 Weighted average shares outstanding 7,330,386 7,330,386 8,195,086 8,195,086 Effect of common stock equivalents - 200,986 - 165,431 Adjusted weighted average shares used in earnings per share computation 7,330,386 7,531,372 8,195,086 8,360,517 Earnings per share - basic and diluted $ 0.10 $ 0.10 $ 0.01 $ 0.01 Nine Months Ended June 30, 2016 2015 Basic Diluted Basic Diluted (Dollars in Thousands Except Per Share Data) Net income $ 1,738 $ 1,738 $ 2,219 $ 2,219 Weighted average shares outstanding 7,442,956 7,442,956 8,539,207 8,539,207 Effect of common stock equivalents - 210,125 - 158,303 Adjusted weighted average shares used in earnings per share computation 7,442,956 7,653,081 8,539,207 8,697,510 Earnings per share - basic and diluted $ 0.23 $ 0.23 $ 0.26 $ 0.26 All exercisable stock options outstanding as of June 30, 2016 and 2015 had exercise prices below the then current per share market price for the Company’s common stock and were considered dilutive for the earnings per share calculation.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	9 Months Ended
	Jun. 30, 2016
Accumulated Other Comprehensive Income [Abstract]
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 June 30, 2016 2015 (Dollars in Thousands) Unrealized gains (losses) Unrealized gains (losses) on available for sale on available for sale securities (a) securities (a) Beginning Balance $ 783 $ 101 Other comprehensive income (loss) before reclassification 255 (756 ) Amount reclassified from accumulated other comprehensive income (loss) (106 ) - Total other comprehensive income (loss) 149 (756 ) Ending Balance $ 932 $ (655 ) (a) All amounts are net of tax. Amounts in parentheses indicate debits. Nine Months Ended June 30, 2016 2015 (Dollars in Thousands) Unrealized gains (losses) Unrealized gains (losses) on available for sale on available for sale securities (a) securities (a) Beginning Balance $ 18 $ (953 ) Other comprehensive income before reclassification $ 1,020 - Amount reclassified from accumulated other comprehensive income (106 ) 298 Total other comprehensive income 914 298 Ending Balance $ 932 $ (655 ) (a) All amounts are net of tax. Amounts in parentheses indicate debits. Three Months Ended June 30, 2016 2015 Amount Reclassified Amount Reclassified from Accumulated from Accumulated Affected Line Item in Other Other the Statement Where Comprehensive Comprehensive Net Income is Details about other comprehensive income Income (a) Income (a) Presented Unrealized gains on available for sale securities $ 161 $ - Gain on sale of securities available for sale (55 ) - Income taxes $ 106 $ - Net of tax (a) Amounts in parentheses indicate debits to net income Nine Months Ended June 30, 2016 2015 Amount Reclassified Amount Reclassified from Accumulated from Accumulated Affected Line Item in Other Other the Statement Where Comprehensive Comprehensive Net Income is Details about other comprehensive income Income (a) Income (a) Presented Unrealized gains on available for sale securities $ 161 $ - Gain on sale of securities available for sale (55 ) - Income taxes $ 106 $ - Net of tax (a) Amounts in parentheses indicate debits to net income

INVESTMENT AND MORTGAGE-BACKED

INVESTMENT AND MORTGAGE-BACKED SECURITIES	9 Months Ended
	Jun. 30, 2016
Investments, Debt and Equity Securities [Abstract]
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: June 30, 2016 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Dollars in Thousands) Securities Available for Sale: U.S. government and agency obligations $ 25,985 $ 63 $ - $ 26,048 Mortgage-backed securities - U.S. government agencies 90,489 1,124 (81 ) 91,532 Corporate bonds 20,433 621 - 21,054 Total debt securities available for sale 136,907 1,808 (81 ) 138,634 FHLMC preferred stock 6 43 - 49 Total securities available for sale $ 136,913 $ 1,851 $ (81 ) $ 138,683 Securities Held to Maturity: U.S. government and agency obligations $ 5,644 $ 441 $ - $ 6,085 Mortgage-backed securities - U.S. government agencies 9,844 864 - 10,708 Total securities held to maturity $ 15,488 $ 1,305 $ - $ 16,793 September 30, 2015 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Dollars in Thousands) Securities Available for Sale: U.S. government and agency obligations $ 18,988 $ - $ (276 ) $ 18,712 Mortgage-backed securities - U.S. government agencies 58,462 475 (225 ) 58,712 Total debt securities available for sale 77,450 475 (501 ) 77,424 FHLMC preferred stock 6 53 - 59 Total securities available for sale $ 77,456 $ 528 $ (501 ) $ 77,483 Securities Held to Maturity: U.S. government and agency obligations $ 54,929 $ 462 $ (849 ) $ 54,542 Mortgage-backed securities - U.S. government agencies 11,455 880 - 12,335 Total securities held to maturity $ 66,384 $ 1,342 $ (849 ) $ 66,877 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 June 30, 2016: 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: Mortgage-backed securities - U.S.government agencies $ (3 ) $ 1,113 $ (78 ) $ 11,535 $ (81 ) $ 12,648 Total $ (3 ) $ 1,113 $ (78 ) $ 11,535 $ (81 ) $ 12,648 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, 2015: 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 $ (85 ) $ 4,910 $ (191 ) $ 13,802 $ (276 ) $ 18,712 Mortgage-backed securities - agency (138 ) 22,173 (87 ) 9,206 (225 ) 31,379 Total securities available for sale (223 ) 27,083 (278 ) 23,008 (501 ) 50,091 Securities Held to Maturity: U.S. government and agency obligations - - (849 ) 42,603 (849 ) 42,603 Total securities held to maturity - - (849 ) 42,603 (849 ) 42,603 Total $ (223 ) $ 27,083 $ (1,127 ) $ 65,611 $ (1,350 ) $ 92,694 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 and nine months ended June 30, 2016 and 2015, the Company did not record any credit losses on investment securities through earnings. U.S. Agency Issued Mortgage-Backed Securities - 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. June 30, 2016 Held to Maturity Available for Sale Amortized Fair Amortized Fair Cost Value Cost Value (Dollars in Thousands) Due after one through five years $ 1,999 $ 2,215 $ 1,056 $ 1,077 Due after five through ten years 645 645 21,377 21,977 Due after ten years 3,000 3,225 23,985 24,048 Total $ 5,644 $ 6,085 $ 46,418 $ 47,102 During both three and nine month periods ended June 30, 2016, the Company sold five mortgage-back securities with an aggregate amortized cost of $14.2 million and recognized an aggregate gain of $153,000 (pre-tax). Also, during the same periods the Company had an aggregate of $11.0 million of agency securities called at a price higher than the aggregated amortized cost and recorded a gain of $8,000. No securities were sold during both the 2015 periods.

LOANS RECEIVABLE

LOANS RECEIVABLE	9 Months Ended
	Jun. 30, 2016
Receivables [Abstract]
LOANS RECEIVABLE	5. LOANS RECEIVABLE Loans receivable consist of the following: June 30, September 30, 2016 2015 (Dollars in Thousands) One-to-four family residential $ 242,616 $ 259,163 Multi-family residential 6,422 6,249 Commercial real estate 68,573 25,799 Construction and land development 34,020 38,953 Consumer 754 392 Total loans 352,385 330,556 Undisbursed portion of loans-in-process (8,443 ) (17,097 ) Deferred loan costs 1,786 2,104 Allowance for loan losses (3,269 ) (2,930 ) Net loans $ 342,459 $ 312,633 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 June 30, 2016: One- to-four Multi-family Commercial Construction Consumer Unallocated Total (Dollars in Thousands) Allowance for Loan Losses: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment 1,445 62 664 777 9 312 3,269 Total ending allowance balance $ 1,445 $ 62 $ 664 $ 777 $ 9 $ 312 $ 3,269 Loans: Individually evaluated for impairment $ 5,569 $ 339 $ 3,496 $ 10,113 $ - $ 19,517 Collectively evaluated for impairment 237,047 6,083 65,077 23,907 754 332,868 Total loans $ 242,616 $ 6,422 $ 68,573 $ 34,020 $ 754 $ 352,385 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, 2015: One- to-four Multi-family Commercial Construction Commercial Consumer Unallocated Total (Dollars in Thousands) Allowance for Loan Losses: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment 1,635 66 231 724 - 5 269 2,930 Total ending allowance balance $ 1,635 $ 66 $ 231 $ 724 $ - $ 5 $ 269 $ 2,930 Loans: Individually evaluated for impairment $ 4,206 $ - $ 3,768 $ 8,796 $ - $ - $ 16,770 Collectively evaluated for impairment 254,957 6,249 22,031 30,157 - 392 313,786 Total loans $ 259,163 $ 6,249 $ 25,799 $ 38,953 $ - $ 392 $ 330,556 The loan portfolio is segmented at a level that allows management to monitor both risk and performance. Management evaluates for potential impairment all construction loans, commercial real estate and commercial business loans and all loans 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 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 June 30, 2016, 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 $ - $ - $ 5,569 $ 5,569 $ 5,914 Multi-family residential - - 339 339 339 Commercial real estate - - 3,496 3,496 3,496 Construction and land development - - 10,113 10,113 10,113 Total Loans $ - $ - $ 19,517 $ 19,517 $ 19,862 The following table presents impaired loans by class as of September 30, 2015, 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 $ - $ - $ 4,206 $ 4,206 $ 4,550 Commercial real estate - - 3,768 3,768 3,768 Construction and land development - - 8,796 8,796 8,796 Total Loans $ - $ - $ 16,770 $ 16,770 $ 17,114 The following table presents the average recorded investment in impaired loans and related interest income recognized for the periods indicated: Three Months Ended June 30, 2016 Average Income Recognized Income (Dollars in Thousands) One-to-four family residential $ 5,052 $ 14 $ 30 Multi-family residential 341 6 - Commercial real estate 3,595 35 - Construction and land development 9,808 - - Total Loans $ 18,796 $ 55 $ 30 Nine Months Ended June 30, 2016 Average Income Recognized Income (Dollars in Thousands) One-to-four family residential $ 4,978 $ 89 $ 78 Multi-family residential 346 18 - Commercial real estate 3,667 74 12 Construction and land development 9,432 - 62 Total Loans $ 18,423 $ 181 $ 152 Three Months Ended June 30, 2015 Average Income Recognized Income (Dollars in Thousands) One-to-four family residential $ 9,222 $ 115 $ 42 Multi-family residential 357 6 - Commercial real estate 3,832 54 24 Construction and land development 7,977 109 65 Total Loans $ 21,388 $ 284 $ 131 Nine Months Ended June 30, 2015 Average Income Recognized Income (Dollars in Thousands) One-to-four family residential $ 9,865 $ 378 $ 119 Multi-family residential 361 19 - Commercial real estate 3,801 157 58 Construction and land development 7,728 318 129 Total Loans $ 21,755 $ 872 $ 306 Federal regulations and our 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 table presents 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. June 30, 2016 Special Total Pass Mention Substandard Loans (Dollars in Thousands) One-to-four family residential $ 2,655 $ 1,693 $ 1,221 $ 5,569 Multi-family residential 6,084 - 338 6,422 Commercial real estate 64,884 949 2,740 68,573 Construction and land development 23,907 - 10,113 34,020 Total Loans $ 97,530 $ 2,642 $ 14,412 $ 114,584 September 30, 2015 Special Total Pass Mention Substandard Loans (Dollars in Thousands) One-to-four family residential $ 1,348 $ 2,107 $ 751 $ 4,206 Multi-family residential 5,898 351 - 6,249 Commercial real estate 22,005 965 2,829 25,799 Construction and land development 30,157 - 8,796 38,953 Total Loans $ 59,408 $ 3,423 $ 12,376 $ 75,207 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 table represents 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. June 30, 2016 Non- Total Performing Performing Loans (Dollars in Thousands) One-to-four family residential $ 237,047 $ - $ 237,047 Consumer 754 - 754 Total Loans $ 237,801 $ - $ 237,801 September 30, 2015 Non- Total Performing Performing Loans (Dollars in Thousands) One-to-four family residential $ 254,957 $ - $ 254,957 Consumer 392 - 392 Total Loans $ 255,349 $ - $ 255,349 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: June 30, 2016 90 Days+ Total 30-89 Days 90 Days + Past Due Past Due Total Non- Current Past Due Past Due and Accruing and Accruing Loans Accrual (Dollars in Thousands) One-to-four family residential $ 235,673 $ 2,310 $ 3,233 $ - $ 2,310 $ 242,616 $ 4,633 Multi-family residential 6,422 - - - - 6,422 - Commercial real estate 63,967 3,260 1,346 - 3,260 68,573 1,346 Construction and land development 23,907 - 10,113 - - 34,020 10,113 Consumer 754 - - - - 754 - Total Loans $ 330,723 $ 5,570 $ 14,692 $ - $ 5,570 $ 352,385 $ 16,092 September 30, 2015 90 Days+ Total 30-89 Days 90 Days + Past Due Past Due Total Non- Current Past Due Past Due and Accruing and Accruing Loans Accrual (Dollars in Thousands) One-to-four family residential $ 255,669 $ 1,462 $ 2,032 $ - $ 1,462 $ 259,163 $ 3,547 Multi-family residential 6,249 - - - - 6,249 - Commercial real estate 25,114 504 181 - 504 25,799 1,589 Construction and land development 38,953 - - - - 38,953 8,796 Consumer 392 - - - - 392 - Total Loans $ 326,377 $ 1,966 $ 2,213 $ - $ 1,966 $ 330,556 $ 13,932 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 table summarizes the primary segments of the allowance for loan losses. Activity in the allowance is presented for the three and nine month periods ended June 30, 2016 and 2015: Three Months Ended June 30, 2016 One- to Multi- Commercial Construction Consumer Unallocated Total (Dollars in Thousands) ALLL balance at December 31, 2015 $ 1,511 $ 43 $ 428 $ 773 $ 7 $ 276 $ 3,038 Charge-offs - - - - - - - Recoveries - - - 81 - - 81 Provision (66 ) 19 236 (77 ) 2 36 150 ALLL balance at June 30, 2016 $ 1,445 $ 62 $ 664 $ 777 $ 9 $ 312 $ 3,269 Nine Months Ended June 30, 2016 One- to Multi- Commercial Construction Consumer Unallocated Total (Dollars in Thousands) ALLL balance at September 30, 2015 $ 1,635 $ 66 $ 231 $ 724 $ 5 $ 269 $ 2,930 Charge-offs (11 ) - - - - - (11 ) Recoveries 93 - 32 - - - 125 Provision (272 ) (4 ) 401 53 4 43 225 ALLL balance at June 30, 2016 $ 1,445 $ 62 $ 664 $ 777 $ 9 $ 312 $ 3,269 Three Months Ended June 30, 2015 One- to Multi-family Commercial Construction Commercial Consumer Unallocated Total (Dollars in Thousands) ALLL balance at March 31, 2015 $ 1,545 $ 51 $ 207 $ 545 $ - $ 4 $ 236 $ 2,588 Charge-offs (126 ) - - - - - - (126 ) Recoveries 1 - - - - - - 1 Provision 219 9 8 (38 ) - - 12 210 ALLL balance at June 30, 2015 $ 1,639 $ 60 $ 215 $ 507 $ - $ 4 $ 248 $ 2,673 Nine Months Ended June 30, 2015 One- to Multi- Commercial Construction Commercial Consumer Unallocated Total (Dollars in Thousands) ALLL balance at September 30, 2014 $ 1,663 $ 67 $ 122 $ 323 $ 15 $ 4 $ 231 $ 2,425 Charge-offs (338 ) - - - - - - (338 ) Recoveries 1 - - - - - - 1 Provision 313 (7 ) 93 184 (15 ) - 17 585 ALLL balance at June 30, 2015 $ 1,639 $ 60 $ 215 $ 507 $ - $ 4 $ 248 $ 2,673 The Company recorded a provision for loan losses in the amount of $150,000 and $225,000 for the three and nine months period ended June 30, 2016, compared to the $210,000 provision for the three months and $585,000 for the nine months ended June 30, 2015. At June 30, 2016, the Company had ten loans aggregating $7.8 million that were classified as troubled debt restructurings (“TDRs”). Three of such loans aggregating $5.6 million as of June 30, 2016 were classified as non-performing as a result of not achieving a sufficiently long payment history, under the restructured terms, to justify returning the loans to performing (accrual) status. Two of these three loans totaling $4.2 million (which are part of the Company’s largest lending relationship) are over 90 days past due resulting from the discontinuation of funding by the Company due to the re-negotiation of the projects’ cash flows. Three loans aggregating $5.6 million related to the largest lending relationship are more than ninety days past due. The Company did not restructure any debt during the three and nine month periods ended June 30, 2016 and 2015.

DEPOSITS

DEPOSITS	9 Months Ended
	Jun. 30, 2016
Deposits [Abstract]
DEPOSITS	6. DEPOSITS Deposits consist of the following major classifications: June 30, September 30, 2016 2015 Amount Percent Amount Percent (Dollars in Thousands) Money market deposit accounts $ 56,115 14.5 % $ 60,736 16.6 % Interest-bearing checking accounts 34,909 9.0 35,649 9.8 Non interest-bearing checking accounts 2,832 0.7 2,293 0.6 Passbook, club and statement savings 70,767 18.3 70,355 19.3 Certificates maturing in six months or less 81,185 21.0 49,857 13.7 Certificates maturing in more than six months 140,832 36.5 146,184 40.0 Total $ 386,640 100.0 % $ 365,074 100.0 % Certificates of $250,000 and over totaled $15.4 million as of June 30, 2016 and $32.7 million as of September 30, 2015.

ADVANCES FROM FEDERAL HOME LOAN

ADVANCES FROM FEDERAL HOME LOAN BANK	9 Months Ended
	Jun. 30, 2016
Advances from Federal Home Loan Banks [Abstract]
ADVANCES FROM FEDERAL HOME LOAN BANK	7. ADVANCES FROM FEDERAL HOME LOAN BANK Pursuant to collateral agreement with the FHLB of Pittsburgh, advances are secured by qualifying first mortgage loans. Type Maturity Date Amount Coupon Call Date (Dollars in Thousands) Fixed Rate -Advance 6-Jul-16 $ 10,000 0.57 % Not Applicable Fixed Rate -Advance 13-Jul-16 $ 10,000 0.54 % Not Applicable Fixed Rate -Advance 17-Nov-17 10,000 1.20 % Not Applicable Fixed Rate -Amortizing 1-Dec-17 3,009 1.16 % Not Applicable Fixed Rate -Advance 4-Dec-17 2,000 1.15 % Not Applicable Fixed Rate -Advance 16-Nov-18 7,500 1.40 % Not Applicable Fixed Rate -Advance 3-Dec-18 3,000 1.54 % Not Applicable Fixed Rate -Amortizing 18-Nov-19 4,718 1.53 % Not Applicable $ 50,227 1.02 % (a) (a) Weighted average coupon rate.

DERIVATIVES

DERIVATIVES	9 Months Ended
	Jun. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVES	8. DERIVATIVES On April 6, 2006, the Company entered into an interest rate swap with a notional amount of $10.0 million, The Company is hedging the benchmark index (LIBOR) in rolling 1-month FHLB advances with a receive float/pay fixed swap for a period of five years. The swap had a fair value loss position of $170,000 at June 30, 2016. On June 13, 2006, the Company entered into an interest rate swap with a notional amount to $10.0 million. The Company is hedging the benchmark index (LIBOR) in rolling 1-month FHLB advances with a receive float/pay fixed swap for a period of five years. The swap had a fair value loss position of $181,000 at June 30, 2016. Both interest rate swaps are carried at fair value in accordance with FASB ASC 815 “Derivatives and Hedging.”

INCOME TAXES

INCOME TAXES	9 Months Ended
	Jun. 30, 2016
Income Tax Disclosure [Abstract]
INCOME TAXES	9. INCOME TAXES Items that gave rise to significant portions of deferred income taxes are as follows: June 30, September 30, 2016 2015 Deferred tax assets: (Dollars in Thousands) Allowance for loan losses $ 1,276 $ 1,185 Nonaccrual interest 152 86 Accrued vacation 19 119 Capital loss carryforward 506 534 Split dollar life insurance 19 19 Post-retirement benefits 106 126 Unrealized loss on interest rate swaps 119 - Employee benefit plans 499 530 Total deferred tax assets 2,696 2,599 Valuation allowance (506 ) (534 ) Total deferred tax assets, net of valuation allowance 2,190 2,065 Deferred tax liabilities: Property 505 365 Unrealized gains on available for sale securities 602 10 Deferred loan fees 607 715 Total deferred tax liabilities 1,714 1,090 Net deferred tax assets $ 476 $ 975 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 a carry back to taxable income in prior years or 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 $506,000 at June 30, 2016, and $534,000 at September 30, 2015. 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. The Company’s federal and state income tax returns for taxable years through September 30, 2012 have been closed for purposes of examination by the Internal Revenue Service and the Pennsylvania Department of Revenue.

STOCK COMPENSATION PLANS

STOCK COMPENSATION PLANS	9 Months Ended
	Jun. 30, 2016
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]
STOCK COMPENSATION PLANS	10 STOCK COMPENSATION PLANS The Company maintains an employee stock ownership plan (“ESOP”) for substantially all of its full-time employees. The ESOP purchased 427,057 shares (on a converted basis) of the Company’s common stock for an aggregate cost of approximately $4.5 million in fiscal 2005. The ESOP purchased an additional 255,564 shares during December 2013 and an additional 30,100 shares at the beginning January 2014, of the Company’s common stock for an aggregate cost of approximately $3.1 million. The shares were purchased with the proceeds of loans from the Company. Shares of the Company’s common stock purchased by the ESOP are held in a suspense account until released for allocation to participants as the loans are repaid. Shares are allocated to each eligible participant based on the ratio of each such participant’s compensation, as defined in the ESOP, to the total compensation of all eligible plan participants. As the unearned shares are released from the suspense account, the Company recognizes compensation expense equal to the fair value of the ESOP shares during the periods in which they become committed to be released. To the extent that the fair value of the ESOP shares released differs from the cost of such shares, the difference is charged or credited to equity as additional paid-in capital. As of June 30, 2016, the ESOP held 697,270 shares of which a total of 243,734 shares were allocated to participants’ accounts. For the three months ended June 30, 2016 and 2015, the Company recognized $129,000 for both periods in compensation expense related to the ESOP. For nine months ended June 30, 2016 and 2015, the Company recognized $394,000 and $337,000, respectively, in compensation expense related to the ESOP. The Company maintains the 2008 Recognition and Retention Plan (“2008 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 RRP Trust purchased 213,528 shares (on a converted basis) of the Company’s common stock in the open market for approximately $2.5 million, at an average purchase price per share of $11.49 as part of the 2008 RRP. The Company made sufficient contributions to the RRP Trust to fund these purchases. As of June 30, 2016, all the shares, with exception of 7,093 shares that had been forfeited, had been awarded as part of the 2008 RRP. Shares subject to awards under the 2008 RRP generally vest at the rate of 20% per year over five years. 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 can be awarded as restricted stock awards or units, of which 235,500 shares were awarded during February 2015 of which 90,055 shares had been forfeited as of June 30, 2016. 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 and nine months ended June 30, 2016, an aggregate of $87,000 and $329,000, respectively, was recognized in compensation expense for the 2008 RRP and the grants pursuant to the 2014 SIP. Income tax benefits of $30,000 and $112,000, respectively, were recognized for the three and nine months ended June 30, 2016. During the three and nine months ended June 30, 2015, $154,000 and $262,000, respectively, was recognized in compensation expense for the 2008 RRP and the grants pursuant to the 2014 SIP. An income tax benefit of $52,000 and $89,000, respectively, was recognized for the three and nine months ended June 30, 2015. At June 30, 2016, approximately $2.3 million in additional compensation expense for the shares awarded which remained outstanding related to the 2008 RRP and for the 2014 SIP remained unrecognized. At June 30, 2015, approximately $2.8 million in additional compensation expense for the shares awarded related to the 2008 RRP and the 2014 SIP remained unrecognized. A summary of the Company’s non-vested stock award activity for the nine months ended June 30, 2016 and 2015 is presented in the following tables: Nine Months Ended Number of Weighted Average Nonvested stock awards at October 1, 2015 241,428 $ 11.74 Granted - - Forfeited (30,180 ) 11.55 Vested (55,279 ) 11.59 Nonvested stock awards at the June 30, 2016 155,969 $ 11.83 Nine Months Ended Number of Weighted Average Nonvested stock awards at October 1, 2014 38,055 $ 8.07 Granted 235,500 12.23 Forfeited - - Vested (10,314 ) 8.22 Nonvested stock awards at the June 30, 2015 263,241 $ 11.79 The Company maintains the 2008 Stock Option Plan (the “2008 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 of common stock were approved for future issuance pursuant to the 2008 Stock Option Plan. As of June 30, 2016, all of the options had been awarded under the 2008 Option Plan. As of June 30, 2016, 467,758 options (on a converted basis) were vested under the 2008 Option Plan. The 2014 SIP reserved up to 714,145 shares for issuance pursuant to options. Options to purchase 608,737 shares were awarded during February 2015, 605,000 shares pursuant to the 2014 SIP and the remainder pursuant to the 2008 Option Plan. As of June 30, 2016, the 2008 Option Plan had forfeited options covering 18,866 shares and the 2014 SIP had forfeited options covering 126,000 shares. A summary of the status of the Company’s stock options under the 2008 Option Plan and the 2014 SIP as of June 30, 2016 and 2015 are presented below: Nine Months Ended Number of Weighted Average Outstanding at October 1, 2015 1,074,430 $ 11.92 Granted - - Exercised (89,358 ) 11.61 Forfeited (80,476 ) 11.52 Outstanding at June 30, 2016 904,596 $ 11.99 Exercisable at June 30, 2016 489,679 $ 11.45 Nine Months Ended Number of Weighted Average Outstanding at October 1, 2014 530,084 $ 10.86 Granted 608,737 12.23 Exercised - - Forfeited - - Outstanding at June 30, 2015 1,138,821 $ 11.59 Exercisable at June 30, 2015 445,147 $ 11.37 The weighted average remaining contractual term was approximately 5.9 years for options outstanding as of June 30, 2016. 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 and $4.58 for options granted during fiscal 2015. The fair value for grants made in fiscal 2015 was estimated on the date of grant using the Black-Scholes pricing model with the following assumptions: an exercise and fair value of $12.23, expected term of seven years, volatility rate of 38.16%, interest rate of 1.62% and a yield of 0.98%. During the three and nine months ended June 30, 2016, $106,000 and $322,000, respectively, was recognized in compensation expense for options granted pursuant to the 2008 Option Plan and the 2014 SIP. Tax benefits of $36,000 and $44,000, respectively, were recognized for the three and nine months ended June 30, 2016. During the three and nine months ended June 30, 2015, $158,000 and $268,000, respectively, was recognized in compensation expense for options granted pursuant to the 2008 Option Plan and the 2014 SIP. Tax benefits of $54,000 and $91,000, respectively, were recognized for the three and nine months ended June 30, 2015. At June 30, 2016, there was approximately $1.8 million 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 3.7 years.

COMMITMENTS AND CONTINGENT LIAB

COMMITMENTS AND CONTINGENT LIABILITIES	9 Months Ended
	Jun. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENT LIABILITIES	11. COMMITMENTS AND CONTINGENT LIABILITIES At June 30, 2016, the Company had $10.8 million in outstanding commitments to originate fixed loans with market interest rates ranging from 3.75% to 5.00%. At September 30, 2015, the Company had $2.5 million in outstanding commitments to originate fixed and variable-rate loans with market interest rates ranging from 4.25% to 5.25%. The aggregate undisbursed portion of loans-in-process amounted to $8.0 million at June 30, 2016 and $17.0 million at September 30, 2015. The Company also had commitments under unused lines of credit of $3.7 million as of June 30, 2016 and $6.1 million as of September 30, 2015 and letters of credit outstanding of $2.0 million as of June 30, 2016 and $2.6 million as of September 30, 2015. 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 June 30, 2016, the exposure, which represents a portion of credit risk associated with the interests sold, amounted to $33,000. 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	9 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENT	12. FAIR VALUE MEASUREMENT The fair value estimates presented herein are based on pertinent information available to management as of June 30, 2016 and September 30, 2015, 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 as of June 30, 2016 which are to be 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 $ - $ 26,048 $ - $ 26,048 Mortgage-backed securities - U.S. Government agencies - 91,532 - 91,532 Corporate bonds - 21,054 - 21,054 FHLMC preferred stock 49 - - Total $ 49 $ 138,634 $ - $ 138,634 Liabilities Interest rate swap contracts $ - $ 351 $ - $ 351 Total $ - $ 351 $ - $ 351 Those assets as of September 30, 2015 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 $ - $ 18,712 $ - $ 18,712 Mortgage-backed securities - U.S. Government agencies - 58,712 - 58,712 FHLMC preferred stock 59 - - 59 Total $ 59 $ 77,424 $ - $ 77,483 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 in excess of $19.5 million as of June 30, 2016. 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 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 June 30, 2016 (Dollars in Thousands) Level 1 Level 2 Level 3 Total Impaired loans $ - $ - $ 19,517 $ 19,517 Real estate owned - - 207 207 Total $ - $ - $ 19,724 $ 19,724 At September 30, 2015 (Dollars in Thousands) Level 1 Level 2 Level 3 Total Impaired loans $ - $ - $ 16,770 $ 16,770 Real estate owned - 869 - 869 Total $ - $ 869 $ 16,770 $ 17,639 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 June 30, 2016 (Dollars in Thousands) Valuation Range/ Fair Value Technique Unobservable Input Weighted Ave. Impaired loans $ 19,517 Property appraisals (1) (3) Management discount for selling costs, property type and market volatility (2) 10% discount Real estate owned $ 207 Property appraisals (1)(3) Management discount for selling costs, property type and market volatility (2) 10% discount At September 30, 2015 (Dollars in Thousands) Valuation Range/ Fair Value Technique Unobservable Input Weighted Ave. Impaired loans $ 16,770 Property appraisals (1) (3) Management discount for selling costs, property type and market volatility (2) 10% discount Real estate owned $ 869 Property appraisals (1)(3) Management discount for selling costs, property type and market volatility (2) 10% 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 June 30, 2016 Carrying Fair Amount Value (Level 1) (Level 2) (Level 3) (Dollars in Thousands) Assets: Cash and cash equivalents $ 38,572 $ 38,572 $ 38,572 $ - $ - Investment and mortgage-backed securities available for sale 138,683 138,683 49 138,634 - Investment and mortgage-backed securities held to maturity 15,488 16,793 - 16,793 - Loans receivable, net 342,459 344,478 - - 344,478 Accrued interest receivable 1,763 1,763 1,763 - - Federal Home Loan Bank stock 2,387 2,387 2,387 - - Bank owned life insurance 12,973 12,973 12,973 - - Liabilities: Checking accounts 37,741 37,741 37,741 - - Money market deposit accounts 56,115 56,115 56,115 - - Passbook, club and statement savings accounts 70,767 70,767 70,767 - - Certificates of deposit 222,017 224,396 - - 224,396 Advances from Federal Home Loan Bank 50,227 50,222 - - 50,222 Accrued interest payable 1,015 1,015 1,015 - - Advances from borrowers for taxes and insurance 2,769 2,769 2,769 - - Interest rate swap contracts 351 351 - 351 - Fair Value Measurements at September 30, 2015 Carrying Fair Amount Value (Level 1) (Level 2) (Level 3) (Dollars in Thousands) Assets: Cash and cash equivalents $ 11,272 $ 11,272 $ 11,272 $ - $ - Investment and mortgage-backed securities available for sale 77,483 77,483 59 77,424 - Investment and mortgage-backed securities held to maturity 66,384 66,877 - 66,877 - Loans receivable, net 312,633 312,613 - - 312,613 Accrued interest receivable 1,665 1,665 1,665 - - Federal Home Loan Bank stock 369 369 369 - - Bank owned life insurance 12,722 12,722 12,722 - - Liabilities: Checking accounts 37,942 37,942 37,942 - - Money market deposit accounts 60,736 60,736 60,736 - - Passbook, club and statement savings accounts 70,355 70,355 70,355 - - Certificates of deposit 196,041 199,639 - - 199,639 Accrued interest payable 1,291 1,291 1,291 - - Advances from borrowers for taxes and insurance 1,670 1,670 1,670 - - Cash and Cash Equivalents Investments and Mortgage-Backed Securities — Loans Receivable — Accrued Interest Receivable – Federal Home Loan Bank (FHLB) Stock — Bank Owned Life Insurance — Checking Accounts, Money Market Deposit Accounts, Passbook Accounts, Club Accounts, Statement Savings Accounts, and Certificates of Deposit — Advances from Federal Home Loan Bank — Accrued Interest Payable – Interest rate swaps – Advances from borrowers for taxes and insurance – Commitments to Extend Credit and Letters of Credit —

PENDING ACQUISITION

PENDING ACQUISITION	9 Months Ended
	Jun. 30, 2016
Business Combinations [Abstract]
PENDING ACQUISITION	13. PENDING ACQUISITION On June 2, 2016, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Polonia Bancorp. Pursuant to the Merger Agreement, Polonia Bancorp will merge with and into the Company (the “Merger”) and Polonia Bancorp’s wholly owned subsidiary, Polonia Bank, a federally chartered savings bank, will merge with and into the Bank. Pursuant to the Merger Agreement, at the effective time of the Merger, each outstanding share of Polonia Bancorp common stock will be converted into the right to receive, at the election of the Polonia Bancorp shareholder (subject to certain conditions, including conditions relating to pro-ration): (i) 0.7591 of a share of Company common stock (the “Exchange Ratio”) or (ii) $11.28 in cash (the “Per Share Cash Consideration” and collectively with the Exchange Ratio, the “Merger Consideration”). The election of shares of Company stock or cash will be subject to pro-ration such that 50% of the issued and outstanding shares of Polonia Bancorp common stock will be exchanged for Company common stock and 50% will be exchanged for cash. Options to purchase Polonia Bancorp common stock outstanding at the effective time of the Merger will fully vest and be exchanged for a cash payment equal to the difference, if positive, between the Per Share Cash Consideration under the Merger Agreement and the corresponding exercise price of such option. The Merger Consideration is subject to adjustment in certain limited situations. In the event that Polonia Bancorp Consolidated Stockholders’ Equity, as calculated in accordance with the terms of the Merger Agreement, is less than $37.4 million as of the Final Statement Date, as defined in the Merger Agreement, then the Exchange Ratio and the Per Share Cash Consideration will be adjusted downward to reflect the amount of the difference between $37.4 million and the Polonia Bancorp Consolidated Stockholders’ Equity. The Merger Consideration is subject to potential upward adjustment to reflect the after-tax impact of certain recoveries experienced by Polonia Bancorp, if any, achieved prior to the Final Statement Date as specified in the Merger Agreement. In such situation, the Exchange Ratio and the Per Share Cash Consideration, as they may have been adjusted downward as noted above, will be correspondingly adjusted to reflect the amount of such after-tax recoveries. Consummation of the Merger is subject to customary closing conditions, including, without limitation, the approval of the Merger Agreement by the Polonia Bancorp shareholders by the requisite shareholder vote and the receipt of all required regulatory approvals.

SIGNIFICANT ACCOUNTING POLICI22

SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Basis of presentation	Basis of presentation –
Use of Estimates in the Financial Statements	Use of Estimates in the Preparation of Financial Statements —
Share-Based Compensation	Share-Based Compensation Dividends with respect to non-vested share awards granted pursuant to the Company’s 2008 Recognition and Retention Plan (“Plan”) and held in the Trust (the “Trust”) are held for the benefit of the recipients and are paid out proportionately by the Trust to the recipients of stock awards granted pursuant to the Plan as soon as practicable after the stock awards are earned. A recipient of a share award granted under the 2014 Stock Incentive Plan is not entitled to receive any dividends declared on the common stock subject to the award until earned.
Treasury Stock	Treasury Stock –
FHLB Stock	FHLB Stock –
Recent Accounting Pronouncements	Recent Accounting Pronouncements In January 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU” or “Update”) 2014-01, Investments – Equity Method and Joint Ventures (Topic 323) In January 2014, the FASB issued ASU 2014-04, Receivables – Troubled Debt Restructurings by Creditors (Subtopic 310-40): In May 2014, the FASB issued ASU 2014-09 , Revenue from Contracts with Customers (a new revenue recognition standard). In June 2014, the FASB issued ASU 2014-12, Compensation-Stock Compensation (Topic 718): Accounting for Share-Based Payments when the Terms of an Award Provide that a Performance Target Could Be Achieved After the Requisite Service Period In August 2014, the FASB issued ASU 2014-15, Presentation of Financial Statements – Going Concern (Subtopic 205-40). In November 2014, the FASB issued ASU 2014-16, Derivatives and Hedging (Topic 815): Determining Whether the Host Contract in a Hybrid Financial Instrument Issued in the Form of a Share Is More Akin to Debt or to Equity (a consensus of the FASB Emerging Issues Task Force). In November 2014, the FASB issued ASU 2014-17, Business Combinations (Topic 805): Pushdown Accounting. In January 2015, the FASB issued ASU 2015-01 , Income Statement –Extraordinary and Unusual Items, In February 2015, the FASB issued ASU 2015-02, Consolidation (Topic 810) In April 2015, the FASB issued ASU 2015-03, Interest-Imputation of Interest (Subtopic 835-30) In April 2015, the FASB issued ASU 2015-04, Compensation – Retirement Benefits (Topic 715), In April 2015, the FASB issued ASU 2015-05, Intangibles – Goodwill and Other – Internal-Use Software (Subtopic 350-40), In May 2015, the FASB issued ASU 2015-08, Business Combinations - Pushdown Accounting - Amendment to SEC Paragraphs Pursuant to Staff Accounting Bulletin No. 115. In August 2015, the FASB issued ASU 2015-14, Revenue from Contract with Customers (Topic 606). In September 2015, the FASB issued ASU 2015-16, Business Combinations (Topic 805). In January 2016, the FASB issued ASU 2016-01, Financial Instruments – Overall (Subtopic 825-10) Recognition and Measurement of Financial Assets and Financial Liabilities In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) In March 2016, the FASB issued ASU 2016-04, Liabilities – In March 2016, the FASB issued ASU 2016-05, Derivatives and Hedging (Topic 815) . In March 2016, the FASB issued ASU 2016-06, Derivatives and Hedging (Topic 815) In March 2016, the FASB issued ASU 2016-07, Investments – In March 2016, the FASB issued ASU 2016-08, Revenue from Contracts with Customers (Topic 606). Revenue from Contracts with Customers (Topic 606), Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date, In March 2016, the FASB issued ASU 2016-09, Compensation – Stock Compensation (Topic 718) Share-Based Payment In April 2016, the FASB issued ASU 2016-10, Revenue from Contracts with Customers (Topic 606). Revenue from Contracts with Customers (Topic 606) Revenue from Contracts with Customers (Topic 606) In May 2016, the FASB issued ASU 2016-11, Revenue Recognition (Topic 605) and Derivative and Hedging (Topic 815 In May 2016, the FASB issued ASU 2016-12, Revenue from Contracts with Customers (Topic 606) Revenue from Contracts with Customers (Topic 606) Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date In June 2016, the FASB issued ASU 2016-13, Financial Instruments-Credit Losses: Measurement of Credit Losses on Financial Instruments

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Schedule of basic and diluted earnings per share	Three Months Ended June 30, 2016 2015 Basic Diluted Basic Diluted (Dollars in Thousands Except Per Share Data) Net income $ 777 $ 777 $ 47 $ 47 Weighted average shares outstanding 7,330,386 7,330,386 8,195,086 8,195,086 Effect of common stock equivalents - 200,986 - 165,431 Adjusted weighted average shares used in earnings per share computation 7,330,386 7,531,372 8,195,086 8,360,517 Earnings per share - basic and diluted $ 0.10 $ 0.10 $ 0.01 $ 0.01 Nine Months Ended June 30, 2016 2015 Basic Diluted Basic Diluted (Dollars in Thousands Except Per Share Data) Net income $ 1,738 $ 1,738 $ 2,219 $ 2,219 Weighted average shares outstanding 7,442,956 7,442,956 8,539,207 8,539,207 Effect of common stock equivalents - 210,125 - 158,303 Adjusted weighted average shares used in earnings per share computation 7,442,956 7,653,081 8,539,207 8,697,510 Earnings per share - basic and diluted $ 0.23 $ 0.23 $ 0.26 $ 0.26

ACCUMULATED OTHER COMPREHENSI24

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	9 Months Ended
	Jun. 30, 2016
Accumulated Other Comprehensive Income [Abstract]
Schedule of changes in accumulated other comprehensive income	Three Months Ended June 30, 2016 2015 (Dollars in Thousands) Unrealized gains (losses) Unrealized gains (losses) on available for sale on available for sale securities (a) securities (a) Beginning Balance $ 783 $ 101 Other comprehensive income (loss) before reclassification 255 (756 ) Amount reclassified from accumulated other comprehensive income (loss) (106 ) - Total other comprehensive income (loss) 149 (756 ) Ending Balance $ 932 $ (655 ) (a) All amounts are net of tax. Amounts in parentheses indicate debits. Nine Months Ended June 30, 2016 2015 (Dollars in Thousands) Unrealized gains (losses) Unrealized gains (losses) on available for sale on available for sale securities (a) securities (a) Beginning Balance $ 18 $ (953 ) Other comprehensive income before reclassification $ 1,020 - Amount reclassified from accumulated other comprehensive income (106 ) 298 Total other comprehensive income 914 298 Ending Balance $ 932 $ (655 ) (a) All amounts are net of tax. Amounts in parentheses indicate debits.
Schedule of amounts reclassified out of each component of accumulated other comprehensive income (loss)	Three Months Ended June 30, 2016 2015 Amount Reclassified Amount Reclassified from Accumulated from Accumulated Affected Line Item in Other Other the Statement Where Comprehensive Comprehensive Net Income is Details about other comprehensive income Income (a) Income (a) Presented Unrealized gains on available for sale securities $ 161 $ - Gain on sale of securities available for sale (55 ) - Income taxes $ 106 $ - Net of tax (a) Amounts in parentheses indicate debits to net income Nine Months Ended June 30, 2016 2015 Amount Reclassified Amount Reclassified from Accumulated from Accumulated Affected Line Item in Other Other the Statement Where Comprehensive Comprehensive Net Income is Details about other comprehensive income Income (a) Income (a) Presented Unrealized gains on available for sale securities $ 161 $ - Gain on sale of securities available for sale (55 ) - Income taxes $ 106 $ - Net of tax (a) Amounts in parentheses indicate debits to net income

INVESTMENT AND MORTGAGE-BACKE25

INVESTMENT AND MORTGAGE-BACKED SECURITIES (Tables)	9 Months Ended
	Jun. 30, 2016
Investments, Debt and Equity Securities [Abstract]
Schedule of amortized cost and fair value of securities, with gross unrealized gains and losses	June 30, 2016 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Dollars in Thousands) Securities Available for Sale: U.S. government and agency obligations $ 25,985 $ 63 $ - $ 26,048 Mortgage-backed securities - U.S. government agencies 90,489 1,124 (81 ) 91,532 Corporate bonds 20,433 621 - 21,054 Total debt securities available for sale 136,907 1,808 (81 ) 138,634 FHLMC preferred stock 6 43 - 49 Total securities available for sale $ 136,913 $ 1,851 $ (81 ) $ 138,683 Securities Held to Maturity: U.S. government and agency obligations $ 5,644 $ 441 $ - $ 6,085 Mortgage-backed securities - U.S. government agencies 9,844 864 - 10,708 Total securities held to maturity $ 15,488 $ 1,305 $ - $ 16,793 September 30, 2015 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Dollars in Thousands) Securities Available for Sale: U.S. government and agency obligations $ 18,988 $ - $ (276 ) $ 18,712 Mortgage-backed securities - U.S. government agencies 58,462 475 (225 ) 58,712 Total debt securities available for sale 77,450 475 (501 ) 77,424 FHLMC preferred stock 6 53 - 59 Total securities available for sale $ 77,456 $ 528 $ (501 ) $ 77,483 Securities Held to Maturity: U.S. government and agency obligations $ 54,929 $ 462 $ (849 ) $ 54,542 Mortgage-backed securities - U.S. government agencies 11,455 880 - 12,335 Total securities held to maturity $ 66,384 $ 1,342 $ (849 ) $ 66,877
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 June 30, 2016: 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: Mortgage-backed securities - U.S.government agencies $ (3 ) $ 1,113 $ (78 ) $ 11,535 $ (81 ) $ 12,648 Total $ (3 ) $ 1,113 $ (78 ) $ 11,535 $ (81 ) $ 12,648 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, 2015: 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 $ (85 ) $ 4,910 $ (191 ) $ 13,802 $ (276 ) $ 18,712 Mortgage-backed securities - agency (138 ) 22,173 (87 ) 9,206 (225 ) 31,379 Total securities available for sale (223 ) 27,083 (278 ) 23,008 (501 ) 50,091 Securities Held to Maturity: U.S. government and agency obligations - - (849 ) 42,603 (849 ) 42,603 Total securities held to maturity - - (849 ) 42,603 (849 ) 42,603 Total $ (223 ) $ 27,083 $ (1,127 ) $ 65,611 $ (1,350 ) $ 92,694
Schedule of amortized cost and fair value of debt securities by contractual maturity	June 30, 2016 Held to Maturity Available for Sale Amortized Fair Amortized Fair Cost Value Cost Value (Dollars in Thousands) Due after one through five years $ 1,999 $ 2,215 $ 1,056 $ 1,077 Due after five through ten years 645 645 21,377 21,977 Due after ten years 3,000 3,225 23,985 24,048 Total $ 5,644 $ 6,085 $ 46,418 $ 47,102

LOANS RECEIVABLE (Tables)

LOANS RECEIVABLE (Tables)	9 Months Ended
	Jun. 30, 2016
Receivables [Abstract]
Schedule of summary of loans receivable	June 30, September 30, 2016 2015 (Dollars in Thousands) One-to-four family residential $ 242,616 $ 259,163 Multi-family residential 6,422 6,249 Commercial real estate 68,573 25,799 Construction and land development 34,020 38,953 Consumer 754 392 Total loans 352,385 330,556 Undisbursed portion of loans-in-process (8,443 ) (17,097 ) Deferred loan costs 1,786 2,104 Allowance for loan losses (3,269 ) (2,930 ) Net loans $ 342,459 $ 312,633
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 June 30, 2016: One- to-four Multi-family Commercial Construction Consumer Unallocated Total (Dollars in Thousands) Allowance for Loan Losses: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment 1,445 62 664 777 9 312 3,269 Total ending allowance balance $ 1,445 $ 62 $ 664 $ 777 $ 9 $ 312 $ 3,269 Loans: Individually evaluated for impairment $ 5,569 $ 339 $ 3,496 $ 10,113 $ - $ 19,517 Collectively evaluated for impairment 237,047 6,083 65,077 23,907 754 332,868 Total loans $ 242,616 $ 6,422 $ 68,573 $ 34,020 $ 754 $ 352,385 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, 2015: One- to-four Multi-family Commercial Construction Commercial Consumer Unallocated Total (Dollars in Thousands) Allowance for Loan Losses: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment 1,635 66 231 724 - 5 269 2,930 Total ending allowance balance $ 1,635 $ 66 $ 231 $ 724 $ - $ 5 $ 269 $ 2,930 Loans: Individually evaluated for impairment $ 4,206 $ - $ 3,768 $ 8,796 $ - $ - $ 16,770 Collectively evaluated for impairment 254,957 6,249 22,031 30,157 - 392 313,786 Total loans $ 259,163 $ 6,249 $ 25,799 $ 38,953 $ - $ 392 $ 330,556
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 required	The following table presents impaired loans by class as of June 30, 2016, 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 $ - $ - $ 5,569 $ 5,569 $ 5,914 Multi-family residential - - 339 339 339 Commercial real estate - - 3,496 3,496 3,496 Construction and land development - - 10,113 10,113 10,113 Total Loans $ - $ - $ 19,517 $ 19,517 $ 19,862 The following table presents impaired loans by class as of September 30, 2015, 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 $ - $ - $ 4,206 $ 4,206 $ 4,550 Commercial real estate - - 3,768 3,768 3,768 Construction and land development - - 8,796 8,796 8,796 Total Loans $ - $ - $ 16,770 $ 16,770 $ 17,114
Schedule of average investment in impaired loans and related interest income recognized	Three Months Ended June 30, 2016 Average Income Recognized Income (Dollars in Thousands) One-to-four family residential $ 5,052 $ 14 $ 30 Multi-family residential 341 6 - Commercial real estate 3,595 35 - Construction and land development 9,808 - - Total Loans $ 18,796 $ 55 $ 30 Nine Months Ended June 30, 2016 Average Income Recognized Income (Dollars in Thousands) One-to-four family residential $ 4,978 $ 89 $ 78 Multi-family residential 346 18 - Commercial real estate 3,667 74 12 Construction and land development 9,432 - 62 Total Loans $ 18,423 $ 181 $ 152 Three Months Ended June 30, 2015 Average Income Recognized Income (Dollars in Thousands) One-to-four family residential $ 9,222 $ 115 $ 42 Multi-family residential 357 6 - Commercial real estate 3,832 54 24 Construction and land development 7,977 109 65 Total Loans $ 21,388 $ 284 $ 131 Nine Months Ended June 30, 2015 Average Income Recognized Income (Dollars in Thousands) One-to-four family residential $ 9,865 $ 378 $ 119 Multi-family residential 361 19 - Commercial real estate 3,801 157 58 Construction and land development 7,728 318 129 Total Loans $ 21,755 $ 872 $ 306
Schedule of classes of the loan portfolio in which a formal risk weighting system is utilized	June 30, 2016 Special Total Pass Mention Substandard Loans (Dollars in Thousands) One-to-four family residential $ 2,655 $ 1,693 $ 1,221 $ 5,569 Multi-family residential 6,084 - 338 6,422 Commercial real estate 64,884 949 2,740 68,573 Construction and land development 23,907 - 10,113 34,020 Total Loans $ 97,530 $ 2,642 $ 14,412 $ 114,584 September 30, 2015 Special Total Pass Mention Substandard Loans (Dollars in Thousands) One-to-four family residential $ 1,348 $ 2,107 $ 751 $ 4,206 Multi-family residential 5,898 351 - 6,249 Commercial real estate 22,005 965 2,829 25,799 Construction and land development 30,157 - 8,796 38,953 Total Loans $ 59,408 $ 3,423 $ 12,376 $ 75,207
Schedule of loans in which a formal risk rating system is not utilized, but loans are segregated between performing and non-performing	June 30, 2016 Non- Total Performing Performing Loans (Dollars in Thousands) One-to-four family residential $ 237,047 $ - $ 237,047 Consumer 754 - 754 Total Loans $ 237,801 $ - $ 237,801 September 30, 2015 Non- Total Performing Performing Loans (Dollars in Thousands) One-to-four family residential $ 254,957 $ - $ 254,957 Consumer 392 - 392 Total Loans $ 255,349 $ - $ 255,349
Schedule of loan categories of the loan portfolio summarized by the aging categories of performing and delinquent loans and nonaccrual loans	June 30, 2016 90 Days+ Total 30-89 Days 90 Days + Past Due Past Due Total Non- Current Past Due Past Due and Accruing and Accruing Loans Accrual (Dollars in Thousands) One-to-four family residential $ 235,673 $ 2,310 $ 3,233 $ - $ 2,310 $ 242,616 $ 4,633 Multi-family residential 6,422 - - - - 6,422 - Commercial real estate 63,967 3,260 1,346 - 3,260 68,573 1,346 Construction and land development 23,907 - 10,113 - - 34,020 10,113 Consumer 754 - - - - 754 - Total Loans $ 330,723 $ 5,570 $ 14,692 $ - $ 5,570 $ 352,385 $ 16,092 September 30, 2015 90 Days+ Total 30-89 Days 90 Days + Past Due Past Due Total Non- Current Past Due Past Due and Accruing and Accruing Loans Accrual (Dollars in Thousands) One-to-four family residential $ 255,669 $ 1,462 $ 2,032 $ - $ 1,462 $ 259,163 $ 3,547 Multi-family residential 6,249 - - - - 6,249 - Commercial real estate 25,114 504 181 - 504 25,799 1,589 Construction and land development 38,953 - - - - 38,953 8,796 Consumer 392 - - - - 392 - Total Loans $ 326,377 $ 1,966 $ 2,213 $ - $ 1,966 $ 330,556 $ 13,932
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 June 30, 2016 One- to Multi- Commercial Construction Consumer Unallocated Total (Dollars in Thousands) ALLL balance at December 31, 2015 $ 1,511 $ 43 $ 428 $ 773 $ 7 $ 276 $ 3,038 Charge-offs - - - - - - - Recoveries - - - 81 - - 81 Provision (66 ) 19 236 (77 ) 2 36 150 ALLL balance at June 30, 2016 $ 1,445 $ 62 $ 664 $ 777 $ 9 $ 312 $ 3,269 Nine Months Ended June 30, 2016 One- to Multi- Commercial Construction Consumer Unallocated Total (Dollars in Thousands) ALLL balance at September 30, 2015 $ 1,635 $ 66 $ 231 $ 724 $ 5 $ 269 $ 2,930 Charge-offs (11 ) - - - - - (11 ) Recoveries 93 - 32 - - - 125 Provision (272 ) (4 ) 401 53 4 43 225 ALLL balance at June 30, 2016 $ 1,445 $ 62 $ 664 $ 777 $ 9 $ 312 $ 3,269 Three Months Ended June 30, 2015 One- to Multi-family Commercial Construction Commercial Consumer Unallocated Total (Dollars in Thousands) ALLL balance at March 31, 2015 $ 1,545 $ 51 $ 207 $ 545 $ - $ 4 $ 236 $ 2,588 Charge-offs (126 ) - - - - - - (126 ) Recoveries 1 - - - - - - 1 Provision 219 9 8 (38 ) - - 12 210 ALLL balance at June 30, 2015 $ 1,639 $ 60 $ 215 $ 507 $ - $ 4 $ 248 $ 2,673 Nine Months Ended June 30, 2015 One- to Multi- Commercial Construction Commercial Consumer Unallocated Total (Dollars in Thousands) ALLL balance at September 30, 2014 $ 1,663 $ 67 $ 122 $ 323 $ 15 $ 4 $ 231 $ 2,425 Charge-offs (338 ) - - - - - - (338 ) Recoveries 1 - - - - - - 1 Provision 313 (7 ) 93 184 (15 ) - 17 585 ALLL balance at June 30, 2015 $ 1,639 $ 60 $ 215 $ 507 $ - $ 4 $ 248 $ 2,673

DEPOSITS (Tables)

DEPOSITS (Tables)	9 Months Ended
	Jun. 30, 2016
Deposits [Abstract]
Schedule of major classifications of deposits	June 30, September 30, 2016 2015 Amount Percent Amount Percent (Dollars in Thousands) Money market deposit accounts $ 56,115 14.5 % $ 60,736 16.6 % Interest-bearing checking accounts 34,909 9.0 35,649 9.8 Non interest-bearing checking accounts 2,832 0.7 2,293 0.6 Passbook, club and statement savings 70,767 18.3 70,355 19.3 Certificates maturing in six months or less 81,185 21.0 49,857 13.7 Certificates maturing in more than six months 140,832 36.5 146,184 40.0 Total $ 386,640 100.0 % $ 365,074 100.0 %

ADVANCES FROM FEDERAL HOME LO28

ADVANCES FROM FEDERAL HOME LOAN BANK (Tables)	9 Months Ended
	Jun. 30, 2016
Advances from Federal Home Loan Banks [Abstract]
Schedule of collateral agreement with the FHLB	Type Maturity Date Amount Coupon Call Date (Dollars in Thousands) Fixed Rate -Advance 6-Jul-16 $ 10,000 0.57 % Not Applicable Fixed Rate -Advance 13-Jul-16 $ 10,000 0.54 % Not Applicable Fixed Rate -Advance 17-Nov-17 10,000 1.20 % Not Applicable Fixed Rate -Amortizing 1-Dec-17 3,009 1.16 % Not Applicable Fixed Rate -Advance 4-Dec-17 2,000 1.15 % Not Applicable Fixed Rate -Advance 16-Nov-18 7,500 1.40 % Not Applicable Fixed Rate -Advance 3-Dec-18 3,000 1.54 % Not Applicable Fixed Rate -Amortizing 18-Nov-19 4,718 1.53 % Not Applicable $ 50,227 1.02 % (a) (a) Weighted average coupon rate.

INCOME TAXES (Tables)

INCOME TAXES (Tables)	9 Months Ended
	Jun. 30, 2016
Income Tax Disclosure [Abstract]
Schedule of deferred income taxes	June 30, September 30, 2016 2015 Deferred tax assets: (Dollars in Thousands) Allowance for loan losses $ 1,276 $ 1,185 Nonaccrual interest 152 86 Accrued vacation 19 119 Capital loss carryforward 506 534 Split dollar life insurance 19 19 Post-retirement benefits 106 126 Unrealized loss on interest rate swaps 119 - Employee benefit plans 499 530 Total deferred tax assets 2,696 2,599 Valuation allowance (506 ) (534 ) Total deferred tax assets, net of valuation allowance 2,190 2,065 Deferred tax liabilities: Property 505 365 Unrealized gains on available for sale securities 602 10 Deferred loan fees 607 715 Total deferred tax liabilities 1,714 1,090 Net deferred tax assets $ 476 $ 975

STOCK COMPENSATION PLANS (Table

STOCK COMPENSATION PLANS (Tables)	9 Months Ended
	Jun. 30, 2016
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]
Schedule of summary of the non-vested stock award activity	Nine Months Ended Number of Weighted Average Nonvested stock awards at October 1, 2015 241,428 $ 11.74 Granted - - Forfeited (30,180 ) 11.55 Vested (55,279 ) 11.59 Nonvested stock awards at the June 30, 2016 155,969 $ 11.83 Nine Months Ended Number of Weighted Average Nonvested stock awards at October 1, 2014 38,055 $ 8.07 Granted 235,500 12.23 Forfeited - - Vested (10,314 ) 8.22 Nonvested stock awards at the June 30, 2015 263,241 $ 11.79
Schedule of summary of the status of the company' stock options under the stock option plan	Nine Months Ended Number of Weighted Average Outstanding at October 1, 2015 1,074,430 $ 11.92 Granted - - Exercised (89,358 ) 11.61 Forfeited (80,476 ) 11.52 Outstanding at June 30, 2016 904,596 $ 11.99 Exercisable at June 30, 2016 489,679 $ 11.45 Nine Months Ended Number of Weighted Average Outstanding at October 1, 2014 530,084 $ 10.86 Granted 608,737 12.23 Exercised - - Forfeited - - Outstanding at June 30, 2015 1,138,821 $ 11.59 Exercisable at June 30, 2015 445,147 $ 11.37

FAIR VALUE MEASUREMENT (Tables)

FAIR VALUE MEASUREMENT (Tables)	9 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
Schedule of assets measured at fair value on recurring basis	Those assets as of June 30, 2016 which are to be 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 $ - $ 26,048 $ - $ 26,048 Mortgage-backed securities - U.S. Government agencies - 91,532 - 91,532 Corporate bonds - 21,054 - 21,054 FHLMC preferred stock 49 - - Total $ 49 $ 138,634 $ - $ 138,634 Liabilities Interest rate swap contracts $ - $ 351 $ - $ 351 Total $ - $ 351 $ - $ 351 Those assets as of September 30, 2015 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 $ - $ 18,712 $ - $ 18,712 Mortgage-backed securities - U.S. Government agencies - 58,712 - 58,712 FHLMC preferred stock 59 - - 59 Total $ 59 $ 77,424 $ - $ 77,483
Schedule of summary of non-recurring fair value measurements	At June 30, 2016 (Dollars in Thousands) Level 1 Level 2 Level 3 Total Impaired loans $ - $ - $ 19,517 $ 19,517 Real estate owned - - 207 207 Total $ - $ - $ 19,724 $ 19,724 At September 30, 2015 (Dollars in Thousands) Level 1 Level 2 Level 3 Total Impaired loans $ - $ - $ 16,770 $ 16,770 Real estate owned - 869 - 869 Total $ - $ 869 $ 16,770 $ 17,639
Schedule of nonrecurring fair value measurements categorized within level 3 of the fair value hierarchy	At June 30, 2016 (Dollars in Thousands) Valuation Range/ Fair Value Technique Unobservable Input Weighted Ave. Impaired loans $ 19,517 Property appraisals (1) (3) Management discount for selling costs, property type and market volatility (2) 10% discount Real estate owned $ 207 Property appraisals (1)(3) Management discount for selling costs, property type and market volatility (2) 10% discount At September 30, 2015 (Dollars in Thousands) Valuation Range/ Fair Value Technique Unobservable Input Weighted Ave. Impaired loans $ 16,770 Property appraisals (1) (3) Management discount for selling costs, property type and market volatility (2) 10% discount Real estate owned $ 869 Property appraisals (1)(3) Management discount for selling costs, property type and market volatility (2) 10% 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 June 30, 2016 Carrying Fair Amount Value (Level 1) (Level 2) (Level 3) (Dollars in Thousands) Assets: Cash and cash equivalents $ 38,572 $ 38,572 $ 38,572 $ - $ - Investment and mortgage-backed securities available for sale 138,683 138,683 49 138,634 - Investment and mortgage-backed securities held to maturity 15,488 16,793 - 16,793 - Loans receivable, net 342,459 344,478 - - 344,478 Accrued interest receivable 1,763 1,763 1,763 - - Federal Home Loan Bank stock 2,387 2,387 2,387 - - Bank owned life insurance 12,973 12,973 12,973 - - Liabilities: Checking accounts 37,741 37,741 37,741 - - Money market deposit accounts 56,115 56,115 56,115 - - Passbook, club and statement savings accounts 70,767 70,767 70,767 - - Certificates of deposit 222,017 224,396 - - 224,396 Advances from Federal Home Loan Bank 50,227 50,222 - - 50,222 Accrued interest payable 1,015 1,015 1,015 - - Advances from borrowers for taxes and insurance 2,769 2,769 2,769 - - Interest rate swap contracts 351 351 - 351 - Fair Value Measurements at September 30, 2015 Carrying Fair Amount Value (Level 1) (Level 2) (Level 3) (Dollars in Thousands) Assets: Cash and cash equivalents $ 11,272 $ 11,272 $ 11,272 $ - $ - Investment and mortgage-backed securities available for sale 77,483 77,483 59 77,424 - Investment and mortgage-backed securities held to maturity 66,384 66,877 - 66,877 - Loans receivable, net 312,633 312,613 - - 312,613 Accrued interest receivable 1,665 1,665 1,665 - - Federal Home Loan Bank stock 369 369 369 - - Bank owned life insurance 12,722 12,722 12,722 - - Liabilities: Checking accounts 37,942 37,942 37,942 - - Money market deposit accounts 60,736 60,736 60,736 - - Passbook, club and statement savings accounts 70,355 70,355 70,355 - - Certificates of deposit 196,041 199,639 - - 199,639 Accrued interest payable 1,291 1,291 1,291 - - Advances from borrowers for taxes and insurance 1,670 1,670 1,670 - -

SIGNIFICANT ACCOUNTING POLICI32

SIGNIFICANT ACCOUNTING POLICIES (Detail Textuals)	9 Months Ended
	Jun. 30, 2016USD ($)BranchATMsshares	Jun. 30, 2015USD ($)shares
Significant Accounting Policies [Line Items]
Number of full service branch offices | Branch	5
Number of ATMs in banking offices | ATMs	6
Purchase of treasury stock, shares | shares	520,546	694,871
Purchase of treasury stock | $	$ 7,824,000	$ 8,853,000
Issuance of treasury stock, shares | shares	74,665
Issuance of treasury stock, value | $	$ 862,000
2014 Stock Incentive Plan
Significant Accounting Policies [Line Items]
Purchase of treasury stock, shares | shares	41,800
Purchase of treasury stock | $	$ 640,000
Philadelphia (Philadelphia County)
Significant Accounting Policies [Line Items]
Number of full service branch offices | Branch	5
Drexel Hill, Delaware County, Pennsylvania
Significant Accounting Policies [Line Items]
Number of full service branch offices | Branch	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		9 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Earnings per share - basic
Net income	$ 777	$ 47	$ 1,738	$ 2,219
Weighted average shares outstanding - basic	7,330,386	8,195,086	7,442,956	8,539,207
Effect of common stock equivalents - basic
Adjusted weighted average shares used in earnings per share computation - basic	7,330,386	8,195,086	7,442,956	8,539,207
Earnings per share - basic (in dollars per share)	$ 0.10	$ 0.01	$ 0.23	$ 0.26
Earnings per share - diluted
Net income	$ 777	$ 47	$ 1,738	$ 2,219
Weighted average shares outstanding - diluted	7,330,386	8,195,086	7,442,956	8,539,207
Effect of common stock equivalents - diluted	200,986	165,431	210,125	158,303
Adjusted weighted average shares used in earnings per share computation - diluted	7,531,372	8,360,517	7,653,081	8,697,510
Earnings per share - diluted (in dollars per share)	$ 0.10	$ 0.01	$ 0.23	$ 0.26

ACCUMULATED OTHER COMPREHENSI34

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) - Changes in accumulated other comprehensive income (loss) by component net of tax (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning Balance				$ 18
Total other comprehensive income (loss)		$ 149	$ (756)	914	$ 298
Ending Balance		932		932
Unrealized gains (losses) on available for sale securities
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning Balance	[1]	783	101	18	953
Other comprehensive income (loss) before reclassification	[1]	255	(756)	1,020
Amount reclassified from accumulated other comprehensive income (loss)		(106)		(106)	298
Total other comprehensive income (loss)	[1]	149	(756)	914	298
Ending Balance	[1]	$ 932	$ 655	$ 932	$ 655
[1]	All amounts are net of tax. Amounts in parentheses indicate debits.

ACCUMULATED OTHER COMPREHENSI35

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Details 1) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Unrealized gains on available for sale securities
Reclassification adjustment for gain on sale of securities available for sale		$ 161		$ 161
Unrealized gains on available for sale securities
Unrealized gains on available for sale securities
Net of tax		(106)		(106)	$ 298
Unrealized gains on available for sale securities | Amount Reclassified from Accumulated Other Comprehensive Income
Unrealized gains on available for sale securities
Reclassification adjustment for gain on sale of securities available for sale	[1]	161		161
Reclassification for income taxes	[1]	(55)		(55)
Net of tax	[1]	$ 106		$ 106
[1]	Amounts in parentheses indicate debits to net income

INVESTMENT AND MORTGAGE-BACKE36

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	Jun. 30, 2016	Sep. 30, 2015
Securities Available for Sale:
Amortized Cost	$ 136,913	$ 77,456
Gross Unrealized Gains	1,851	528
Gross Unrealized Losses	(81)	(501)
Fair Value	138,683	77,483
Securities Held to Maturity:
Amortized Cost	15,488	66,384
Gross Unrealized Gains	1,305	1,342
Gross unrealized losses		(849)
Fair value	16,793	66,877
Debt securities available for sale
Securities Available for Sale:
Amortized Cost	136,907	77,450
Gross Unrealized Gains	1,808	475
Gross Unrealized Losses	(81)	(501)
Fair Value	138,634	77,424
U.S. government and agency obligations
Securities Available for Sale:
Amortized Cost	25,985	18,988
Gross Unrealized Gains	63
Gross Unrealized Losses		(276)
Fair Value	26,048	18,712
Securities Held to Maturity:
Amortized Cost	5,644	54,929
Gross Unrealized Gains	441	462
Gross unrealized losses		(849)
Fair value	6,085	54,542
Mortgage-backed securities - US government agencies
Securities Available for Sale:
Amortized Cost	90,489	58,462
Gross Unrealized Gains	1,124	475
Gross Unrealized Losses	(81)	(225)
Fair Value	91,532	58,712
Securities Held to Maturity:
Amortized Cost	9,844	11,455
Gross Unrealized Gains	864	880
Gross unrealized losses
Fair value	10,708	12,335
Corporate bonds
Securities Available for Sale:
Amortized Cost	20,433
Gross Unrealized Gains	621
Gross Unrealized Losses
Fair Value	21,054
FHLMC preferred stock
Securities Available for Sale:
Amortized Cost	6	6
Gross Unrealized Gains	43	53
Gross Unrealized Losses
Fair Value	$ 49	$ 59

INVESTMENT AND MORTGAGE-BACKE37

INVESTMENT AND MORTGAGE-BACKED SECURITIES - Gross unrealized losses and related fair values of investment securities, aggregated by investment category and length of time (Details 1) - USD ($) $ in Thousands	Jun. 30, 2016	Sep. 30, 2015
Securities Available for Sale:
Less than 12 months - Gross Unrealized Losses	$ (3)	$ (223)
Less than 12 months - Fair value	1,113	27,083
More than 12 months - Gross Unrealized Losses	(78)	(278)
More than 12 months - Fair value	11,535	23,008
Gross Unrealized Losses - Total	(81)	(501)
Fair Value - Total	12,648	50,091
Securities Held to Maturity:
Less than 12 months - Gross Unrealized Losses
Less than 12 months - Fair value
More than 12 months - Gross Unrealized Losses		(849)
More than 12 months - Fair value		42,603
Gross Unrealized Losses -Total		(849)
Fair Value - Total		42,603
Less than 12 months - Gross Unrealized Losses		(223)
Less than 12 months - Fair Value		27,083
More than 12 months Gross Unrealized Losses		(1,127)
More than 12 months - Fair Value		65,611
Gross Unrealized Losses, Total		(1,350)
Fair Value - Total		92,694
U.S. government and agency obligations
Securities Available for Sale:
Less than 12 months - Gross Unrealized Losses		(85)
Less than 12 months - Fair value		4,910
More than 12 months - Gross Unrealized Losses		(191)
More than 12 months - Fair value		13,802
Gross Unrealized Losses - Total		(276)
Fair Value - Total		18,712
Securities Held to Maturity:
Less than 12 months - Gross Unrealized Losses
Less than 12 months - Fair value
More than 12 months - Gross Unrealized Losses		(849)
More than 12 months - Fair value		42,603
Gross Unrealized Losses -Total		(849)
Fair Value - Total		42,603
Mortgage-backed securities - US government agencies
Securities Available for Sale:
Less than 12 months - Gross Unrealized Losses	(3)	(138)
Less than 12 months - Fair value	1,113	22,173
More than 12 months - Gross Unrealized Losses	(78)	(87)
More than 12 months - Fair value	11,535	9,206
Gross Unrealized Losses - Total	(81)	(225)
Fair Value - Total	$ 12,648	$ 31,379

INVESTMENT AND MORTGAGE-BACKE38

INVESTMENT AND MORTGAGE-BACKED SECURITIES - Amortized cost and fair value of debt securities, by contractual maturity (Details 3) $ in Thousands	Jun. 30, 2016USD ($)
Held to Maturity, Amortized Cost
Due after one through five years	$ 1,999
Due after five through ten years	645
Due after ten years	3,000
Total	5,644
Held to Maturity, Fair Value
Due after one through five years	2,215
Due after five through ten years	645
Due after ten years	3,225
Total	6,085
Available for Sale, Amortized Cost
Due after one through five years	1,056
Due after five through ten years	21,377
Due after ten years	23,985
Total	46,418
Available for Sale, Fair Value
Due after one through five years	1,077
Due after five through ten years	21,977
Due after ten years	24,048
Total	$ 47,102

INVESTMENT AND MORTGAGE-BACKE39

INVESTMENT AND MORTGAGE-BACKED SECURITIES (Detail Textuals)	3 Months Ended	9 Months Ended
	Jun. 30, 2016USD ($)Security	Jun. 30, 2016USD ($)Security
Marketable Securities [Line Items]
Aggregate amortized cost	$ 5,644,000	$ 5,644,000
Aggregate agency securities	6,085,000	6,085,000
Agency securities
Marketable Securities [Line Items]
Aggregate agency securities	11,000,000	11,000,000
Recorded gain on agency securities	$ 8,000	$ 8,000
U.S. Agency Issued Mortgage-Backed 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 | Security	3	3
Number of investment securities in debt obligations in the category of loss position more than 12 months held by company | Security	7	7
Aggregate amortized cost	$ 14,200,000	$ 14,200,000
Number of securities sold | Security	5	5
Recognized on aggregate gain	$ 153,000	$ 153,000

LOANS RECEIVABLE - Summary of L

LOANS RECEIVABLE - Summary of Loans receivable (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Mar. 31, 2016	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Sep. 30, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 352,385		$ 330,556
Undisbursed portion of loans-in-process	(8,443)		(17,097)
Deferred loan costs	1,786		2,104
Allowance for loan losses	(3,269)	$ (3,038)	(2,930)	$ (2,673)	$ (2,588)	$ (2,425)
Net loans	342,459		312,633
One-to-four family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	242,616		259,163
Allowance for loan losses	(1,445)	(1,511)	(1,635)	(1,639)	(1,545)	(1,663)
Multi-family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	6,422		6,249
Allowance for loan losses	(62)	(43)	(66)	(60)	(51)	(67)
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	68,573		25,799
Allowance for loan losses	(664)	(428)	(231)	(215)	(207)	(122)
Construction and land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	34,020		38,953
Allowance for loan losses	(777)	(773)	(724)	(507)	(545)	(323)
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	754		392
Allowance for loan losses	$ (9)	$ (7)	$ (5)	$ (4)	$ (4)	$ (4)

LOANS RECEIVABLE - Summary of41

LOANS RECEIVABLE - Summary of loans individually evaluated for impairment by loan segment (Details 1) - USD ($) $ in Thousands	Jun. 30, 2016	Mar. 31, 2016	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Sep. 30, 2014
Allowance for Loan Losses:
Individually evaluated for impairment
Collectively evaluated for impairment	3,269		2,930
Total ending allowance balance	3,269	$ 3,038	2,930	$ 2,673	$ 2,588	$ 2,425
Loans:
Individually evaluated for impairment	19,517		16,770
Collectively evaluated for impairment	332,868		313,786
Total loans	352,385		330,556
One-to-four family residential
Allowance for Loan Losses:
Individually evaluated for impairment
Collectively evaluated for impairment	1,445		1,635
Total ending allowance balance	1,445	1,511	1,635	1,639	1,545	1,663
Loans:
Individually evaluated for impairment	5,569		4,206
Collectively evaluated for impairment	237,047		254,957
Total loans	242,616		259,163
Multi-family residential
Allowance for Loan Losses:
Individually evaluated for impairment
Collectively evaluated for impairment	62		66
Total ending allowance balance	62	43	66	60	51	67
Loans:
Individually evaluated for impairment	339
Collectively evaluated for impairment	6,083		6,249
Total loans	6,422		6,249
Commercial real estate
Allowance for Loan Losses:
Individually evaluated for impairment
Collectively evaluated for impairment	664		231
Total ending allowance balance	664	428	231	215	207	122
Loans:
Individually evaluated for impairment	3,496		3,768
Collectively evaluated for impairment	65,077		22,031
Total loans	68,573		25,799
Construction and land development
Allowance for Loan Losses:
Individually evaluated for impairment
Collectively evaluated for impairment	777		724
Total ending allowance balance	777	773	724	507	545	323
Loans:
Individually evaluated for impairment	10,113		8,796
Collectively evaluated for impairment	23,907		30,157
Total loans	34,020		38,953
Commercial business
Allowance for Loan Losses:
Individually evaluated for impairment
Collectively evaluated for impairment
Total ending allowance balance						15
Loans:
Individually evaluated for impairment
Collectively evaluated for impairment
Total loans
Consumer
Allowance for Loan Losses:
Individually evaluated for impairment
Collectively evaluated for impairment	9		5
Total ending allowance balance	9	7	5	4	4	4
Loans:
Individually evaluated for impairment
Collectively evaluated for impairment	754		392
Total loans	754		392
Unallocated
Allowance for Loan Losses:
Individually evaluated for impairment
Collectively evaluated for impairment	312		269
Total ending allowance balance	312	$ 276	269	$ 248	$ 236	$ 231
Loans:
Individually evaluated for impairment
Collectively evaluated for impairment
Total loans

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 required (Details 2) - USD ($) $ in Thousands	Jun. 30, 2016	Sep. 30, 2015
Financing Receivable, Impaired [Line Items]
Impaired Loans with Specific Allowance - Recorded Investment
Impaired Loans with Specific Allowance - Related Allowance
Impaired Loans with No Specific Allowance - Recorded Investment	19,517	16,770
Total Impaired Loans - Recorded Investment	19,517	16,770
Total impaired loans - Unpaid Principal Balance	19,862	17,114
One-to-four family residential
Financing Receivable, Impaired [Line Items]
Impaired Loans with Specific Allowance - Recorded Investment
Impaired Loans with Specific Allowance - Related Allowance
Impaired Loans with No Specific Allowance - Recorded Investment	5,569	4,206
Total Impaired Loans - Recorded Investment	5,569	4,206
Total impaired loans - Unpaid Principal Balance	5,914	4,550
Multi-family residential
Financing Receivable, Impaired [Line Items]
Impaired Loans with Specific Allowance - Recorded Investment
Impaired Loans with Specific Allowance - Related Allowance
Impaired Loans with No Specific Allowance - Recorded Investment	339
Total Impaired Loans - Recorded Investment	339
Total impaired loans - Unpaid Principal Balance	339
Commercial real estate
Financing Receivable, Impaired [Line Items]
Impaired Loans with Specific Allowance - Recorded Investment
Impaired Loans with Specific Allowance - Related Allowance
Impaired Loans with No Specific Allowance - Recorded Investment	3,496	3,768
Total Impaired Loans - Recorded Investment	3,496	3,768
Total impaired loans - Unpaid Principal Balance	3,496	3,768
Construction and land development
Financing Receivable, Impaired [Line Items]
Impaired Loans with Specific Allowance - Recorded Investment
Impaired Loans with Specific Allowance - Related Allowance
Impaired Loans with No Specific Allowance - Recorded Investment	10,113	8,796
Total Impaired Loans - Recorded Investment	10,113	8,796
Total impaired loans - Unpaid Principal Balance	$ 10,113	$ 8,796

LOANS RECEIVABLE - Average reco

LOANS RECEIVABLE - Average recorded investment in impaired loans and related interest income recognized (Details 3) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	$ 18,796	$ 21,388	$ 18,423	$ 21,755
Income Recognized on Accrual Basis	55	284	181	872
Income Recognized on Cash Basis	30	131	152	306
One-to-four family residential
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	5,052	9,222	4,978	9,865
Income Recognized on Accrual Basis	14	115	89	378
Income Recognized on Cash Basis	30	42	78	119
Multi-family residential
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	341	357	346	361
Income Recognized on Accrual Basis	6	6	18	19
Income Recognized on Cash Basis
Commercial real estate
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	3,595	3,832	3,667	3,801
Income Recognized on Accrual Basis	35	54	74	157
Income Recognized on Cash Basis		24	12	58
Construction and land development
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	9,808	7,977	9,432	7,728
Income Recognized on Accrual Basis		109		318
Income Recognized on Cash Basis		$ 65	$ 62	$ 129

LOANS RECEIVABLE - Summary of c

LOANS RECEIVABLE - Summary of classes of loan portfolio in which formal risk weighting system is used (Details 4) - USD ($) $ in Thousands	Jun. 30, 2016	Sep. 30, 2015
Financing Receivable, Recorded Investment [Line Items]
Total Loans	$ 352,385	$ 330,556
One-to-four family residential
Financing Receivable, Recorded Investment [Line Items]
Total Loans	242,616	259,163
Multi-family residential
Financing Receivable, Recorded Investment [Line Items]
Total Loans	6,422	6,249
Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Total Loans	68,573	25,799
Construction and land development
Financing Receivable, Recorded Investment [Line Items]
Total Loans	34,020	38,953
Commercial business
Financing Receivable, Recorded Investment [Line Items]
Total Loans
Consumer
Financing Receivable, Recorded Investment [Line Items]
Total Loans	754	392
Risk Rating System
Financing Receivable, Recorded Investment [Line Items]
Total Loans	114,584	75,207
Risk Rating System | One-to-four family residential
Financing Receivable, Recorded Investment [Line Items]
Total Loans	5,569	4,206
Risk Rating System | Multi-family residential
Financing Receivable, Recorded Investment [Line Items]
Total Loans	6,422	6,249
Risk Rating System | Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Total Loans	68,573	25,799
Risk Rating System | Construction and land development
Financing Receivable, Recorded Investment [Line Items]
Total Loans	34,020	38,953
Risk Rating System | Pass
Financing Receivable, Recorded Investment [Line Items]
Total Loans	97,530	59,408
Risk Rating System | Pass | One-to-four family residential
Financing Receivable, Recorded Investment [Line Items]
Total Loans	2,655	1,348
Risk Rating System | Pass | Multi-family residential
Financing Receivable, Recorded Investment [Line Items]
Total Loans	6,084	5,898
Risk Rating System | Pass | Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Total Loans	64,884	22,005
Risk Rating System | Pass | Construction and land development
Financing Receivable, Recorded Investment [Line Items]
Total Loans	23,907	30,157
Risk Rating System | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total Loans	2,642	3,423
Risk Rating System | Special Mention | One-to-four family residential
Financing Receivable, Recorded Investment [Line Items]
Total Loans	1,693	2,107
Risk Rating System | Special Mention | Multi-family residential
Financing Receivable, Recorded Investment [Line Items]
Total Loans		351
Risk Rating System | Special Mention | Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Total Loans	949	965
Risk Rating System | Special Mention | Construction and land development
Financing Receivable, Recorded Investment [Line Items]
Total Loans
Risk Rating System | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total Loans	14,412	12,376
Risk Rating System | Substandard | One-to-four family residential
Financing Receivable, Recorded Investment [Line Items]
Total Loans	1,221	751
Risk Rating System | Substandard | Multi-family residential
Financing Receivable, Recorded Investment [Line Items]
Total Loans	338
Risk Rating System | Substandard | Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Total Loans	2,740	2,829
Risk Rating System | Substandard | Construction and land development
Financing Receivable, Recorded Investment [Line Items]
Total Loans	$ 10,113	$ 8,796

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 5) - USD ($) $ in Thousands	Jun. 30, 2016	Sep. 30, 2015
Financing Receivable, Recorded Investment [Line Items]
Total Loans	$ 352,385	$ 330,556
One-to-four family residential
Financing Receivable, Recorded Investment [Line Items]
Total Loans	242,616	259,163
Consumer
Financing Receivable, Recorded Investment [Line Items]
Total Loans	754	392
Non Risk Rating System
Financing Receivable, Recorded Investment [Line Items]
Total Loans	237,801	255,349
Non Risk Rating System | One-to-four family residential
Financing Receivable, Recorded Investment [Line Items]
Total Loans	237,047	254,957
Non Risk Rating System | Consumer
Financing Receivable, Recorded Investment [Line Items]
Total Loans	754	392
Non Risk Rating System | Performing
Financing Receivable, Recorded Investment [Line Items]
Total Loans	237,801	255,349
Non Risk Rating System | Performing | One-to-four family residential
Financing Receivable, Recorded Investment [Line Items]
Total Loans	237,047	254,957
Non Risk Rating System | Performing | Consumer
Financing Receivable, Recorded Investment [Line Items]
Total Loans	754	392
Non Risk Rating System | Nonperforming
Financing Receivable, Recorded Investment [Line Items]
Total Loans
Non Risk Rating System | Nonperforming | One-to-four family residential
Financing Receivable, Recorded Investment [Line Items]
Total Loans
Non Risk Rating System | Nonperforming | Consumer
Financing Receivable, Recorded Investment [Line Items]
Total Loans

LOANS RECEIVABLE - Loan categor

LOANS RECEIVABLE - Loan categories of loan portfolio summarized by aging categories of performing loans and nonaccrual loans (Details 6) - USD ($) $ in Thousands	Jun. 30, 2016	Sep. 30, 2015
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	$ 330,723	$ 326,377
90 Days+ Past Due and Accruing
Total Past Due and Accruing	5,570	1,966
Total Loans	352,385	330,556
Non- Accrual	16,092	13,932
30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	5,570	1,966
90 Days + Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	14,692	2,213
One-to-four family residential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	235,673	255,669
90 Days+ Past Due and Accruing
Total Past Due and Accruing	2,310	1,462
Total Loans	242,616	259,163
Non- Accrual	4,633	3,547
One-to-four family residential | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	2,310	1,462
One-to-four family residential | 90 Days + Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	3,233	2,032
Multi-family residential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	6,422	6,249
90 Days+ Past Due and Accruing
Total Past Due and Accruing
Total Loans	6,422	6,249
Non- Accrual
Multi-family residential | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current
Multi-family residential | 90 Days + Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current
Commercial real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	63,967	25,114
90 Days+ Past Due and Accruing
Total Past Due and Accruing	3,260	504
Total Loans	68,573	25,799
Non- Accrual	1,346	1,589
Commercial real estate | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	3,260	504
Commercial real estate | 90 Days + Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	1,346	181
Construction and land development
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	23,907	38,953
90 Days+ Past Due and Accruing
Total Past Due and Accruing
Total Loans	34,020	38,953
Non- Accrual	10,113	8,796
Construction and land development | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current
Construction and land development | 90 Days + Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	10,113
Consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	754	392
90 Days+ Past Due and Accruing
Total Past Due and Accruing
Total Loans	754	392
Non- Accrual
Consumer | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current
Consumer | 90 Days + Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current

LOANS RECEIVABLE - Activity in

LOANS RECEIVABLE - Activity in allowance (Details 7) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Allowance for Loan and Lease Losses [Roll Forward]
ALLL balance	$ 3,038	$ 2,588	$ 2,930	$ 2,425
Charge-offs		(126)	(11)	(338)
Recoveries	81	1	125	1
Provision	150	210	225	585
ALLL balance	3,269	2,673	3,269	2,673
One- to four-family residential
Allowance for Loan and Lease Losses [Roll Forward]
ALLL balance	1,511	1,545	1,635	1,663
Charge-offs		(126)	(11)	(338)
Recoveries		1	93	1
Provision	(66)	219	(272)	313
ALLL balance	1,445	1,639	1,445	1,639
Multi-family residential
Allowance for Loan and Lease Losses [Roll Forward]
ALLL balance	43	51	66	67
Charge-offs
Recoveries
Provision	19	9	(4)	(7)
ALLL balance	62	60	62	60
Commercial real estate
Allowance for Loan and Lease Losses [Roll Forward]
ALLL balance	428	207	231	122
Charge-offs
Recoveries			32
Provision	236	8	401	93
ALLL balance	664	215	664	215
Construction and land development
Allowance for Loan and Lease Losses [Roll Forward]
ALLL balance	773	545	724	323
Charge-offs
Recoveries	81
Provision	(77)	(38)	53	184
ALLL balance	777	507	777	507
Commercial business
Allowance for Loan and Lease Losses [Roll Forward]
ALLL balance				15
Charge-offs
Recoveries
Provision				(15)
ALLL balance
Consumer
Allowance for Loan and Lease Losses [Roll Forward]
ALLL balance	7	4	5	4
Charge-offs
Recoveries
Provision	2		4
ALLL balance	9	4	9	4
Unallocated
Allowance for Loan and Lease Losses [Roll Forward]
ALLL balance	276	236	269	231
Charge-offs
Recoveries
Provision	36	12	43	17
ALLL balance	$ 312	$ 248	$ 312	$ 248

LOANS RECEIVABLE (Detail Textua

LOANS RECEIVABLE (Detail Textuals) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)Security	Jun. 30, 2015USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Loans | Security			10
Pre-Modification Outstanding Recorded Investment			$ 7,800
Provision for loan losses	$ 150	$ 210	$ 225	$ 585
Over 90 days past due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Loans | Security			2
Pre-Modification Outstanding Recorded Investment			$ 4,200
Over 90 days past due | Largest borrower
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Loans | Security			3
Pre-Modification Outstanding Recorded Investment			$ 5,600
Nonperforming
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Loans | Security			3
Pre-Modification Outstanding Recorded Investment			$ 5,600
One- to four-family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Provision for loan losses	(66)	219	(272)	313
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Provision for loan losses	236	8	401	93
Construction and land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Provision for loan losses	$ (77)	$ (38)	$ 53	$ 184

DEPOSITS - Major classification

DEPOSITS - Major classifications of deposits (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Sep. 30, 2015
Amount
Money market deposit accounts	$ 56,115	$ 60,736
Interest-bearing checking accounts	34,909	35,649
Non-interest bearing checking accounts	2,832	2,293
Passbook, club and statement savings	70,767	70,355
Certificates maturing in six months or less	81,185	49,857
Certificates maturing in more than six months	140,832	146,184
Total deposits	$ 386,640	$ 365,074
Percent
Money market deposit accounts	14.50%	16.60%
Interest-bearing checking accounts	9.00%	9.80%
Non-interest bearing checking accounts	0.70%	0.60%
Passbook, club and statement savings	18.30%	19.30%
Certificates maturing in six months or less	21.00%	13.70%
Certificates maturing in more than six months	36.50%	40.00%
Total	100.00%	100.00%

DEPOSITS (Detail Textuals)

DEPOSITS (Detail Textuals) - USD ($) $ in Millions	Jun. 30, 2016	Sep. 30, 2015
Deposits [Abstract]
Certificates of $250,000 and over	$ 15.4	$ 32.7

ADVANCES FROM FEDERAL HOME LO51

ADVANCES FROM FEDERAL HOME LOAN BANK (Details) $ in Thousands	9 Months Ended
	Jun. 30, 2016USD ($)
Federal Home Loan Bank, Advances [Line Items]
Amount	$ 50,227
Coupon	1.02%	[1]
Fixed Rate -Advance Maturity Date 6-Jul-16
Federal Home Loan Bank, Advances [Line Items]
Maturity Date	Jul. 6, 2016
Amount	$ 10,000
Coupon	0.57%
Call Date	Not Applicable
Fixed Rate -Advance Maturity Date 13-Jul-16
Federal Home Loan Bank, Advances [Line Items]
Maturity Date	Jul. 13, 2016
Amount	$ 10,000
Coupon	0.54%
Call Date	Not Applicable
Fixed Rate -Advance Maturity Date 17-Nov-17
Federal Home Loan Bank, Advances [Line Items]
Maturity Date	Nov. 17, 2017
Amount	$ 10,000
Coupon	1.20%
Call Date	Not Applicable
Fixed Rate -Amortizing Maturity Date 1-Dec-17
Federal Home Loan Bank, Advances [Line Items]
Maturity Date	Dec. 1, 2017
Amount	$ 3,009
Coupon	1.16%
Call Date	Not Applicable
Fixed Rate -Advance Maturity Date 4-Dec-17
Federal Home Loan Bank, Advances [Line Items]
Maturity Date	Dec. 4, 2017
Amount	$ 2,000
Coupon	1.15%
Call Date	Not Applicable
Fixed Rate -Advance Maturity Date 16-Nov-18
Federal Home Loan Bank, Advances [Line Items]
Maturity Date	Nov. 16, 2018
Amount	$ 7,500
Coupon	1.40%
Call Date	Not Applicable
Fixed Rate -Advance Maturity Date 3-Dec-18
Federal Home Loan Bank, Advances [Line Items]
Maturity Date	Dec. 3, 2018
Amount	$ 3,000
Coupon	1.54%
Call Date	Not Applicable
Fixed Rate -Amortizing Maturity Date 18-Nov-19
Federal Home Loan Bank, Advances [Line Items]
Maturity Date	Nov. 18, 2019
Amount	$ 4,718
Coupon	1.53%
Call Date	Not Applicable
[1]	Weighted average coupon rate.

DERIVATIVES (Detail Textuals)

DERIVATIVES (Detail Textuals)	9 Months Ended
	Jun. 30, 2016USD ($)
Interest rate swap issued on April 6, 2006
Derivative [Line Items]
Notional amount	$ 10,000,000
Derivative, term	5 years
Fair value loss position	$ 170,000
Interest rate swap issued on June 13, 2006
Derivative [Line Items]
Notional amount	$ 10,000,000
Derivative, term	5 years
Fair value loss position	$ 181,000

INCOME TAXES - Items that gave

INCOME TAXES - Items that gave rise to significant portions of deferred income taxes (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Sep. 30, 2015
Deferred tax assets:
Allowance for loan losses	$ 1,276	$ 1,185
Nonaccrual interest	152	86
Accrued vacation	19	119
Capital loss carryforward	506	534
Split dollar life insurance	19	19
Post-retirement benefits	106	126
Unrealized loss on interest rate swaps	119
Employee benefit plans	499	530
Total deferred tax assets	2,696	2,599
Valuation allowance	(506)	(534)
Total deferred tax assets, net of valuation allowance	2,190	2,065
Deferred tax liabilities:
Property	505	365
Unrealized gains on available for sale securities	602	10
Deferred loan fees	607	715
Total deferred tax liabilities	1,714	1,090
Net deferred tax assets	$ 476	$ 975

INCOME TAXES (Detail Textuals)

INCOME TAXES (Detail Textuals) - USD ($) $ in Thousands	Jun. 30, 2016	Sep. 30, 2015
Income Tax Disclosure [Abstract]
Valuation allowance	$ 506	$ 534

STOCK COMPENSATION PLANS - Summ

STOCK COMPENSATION PLANS - Summary of non-vested stock award activity (Details) - 2008 Recognition and Retention Plan ("2008 RRP") - Nonvested Stock Awards - $ / shares	9 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Number of Shares
Nonvested stock awards at October 1	241,428	38,055
Granted		235,500
Forfeited	(30,180)
Vested	(55,279)	(10,314)
Nonvested stock awards at the June 30	155,969	263,241
Weighted Average Grant Date Fair Value
Nonvested stock awards at October 1	$ 11.74	$ 8.07
Granted		12.23
Forfeited	11.55
Vested	11.59	8.22
Nonvested stock awards at the June 30	$ 11.83	$ 11.79

STOCK COMPENSATION PLANS - Su56

STOCK COMPENSATION PLANS - Summary of status of stock options under Stock Option Plan (Details 1) - Stock Options Plan - Stock Options - $ / shares	9 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Number of Shares
Outstanding at October 1	1,074,430	530,084
Granted		608,737
Exercised	(89,358)
Forfeited	(80,476)
Outstanding at June 30	904,596	1,138,821
Exercisable at June 30	489,679	445,147
Weighted Average Exercise Price
Outstanding at October 1	$ 11.92	$ 10.86
Granted		12.23
Exercised	11.61
Forfeited	11.52
Outstanding at June 30	11.99	11.59
Exercisable at June 30	$ 11.45	$ 11.37

STOCK COMPENSATION PLANS (Detai

STOCK COMPENSATION PLANS (Detail Textuals) - USD ($)	1 Months Ended	3 Months Ended			9 Months Ended		12 Months Ended
	Jan. 31, 2014	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2013	Jun. 30, 2016	Jun. 30, 2015	Sep. 30, 2005
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
ESOP shares allocated to participant's accounts		(26,649)	26,638		(26,649)	26,638
Compensation expense of ESOP					$ 384,000	$ 483,000
Employee Stock Ownership Plan ESOP Plan
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Number of common shares purchased under employee stock ownership plan (ESOP)	30,100			255,564			427,057
Aggregate cost of common stock purchased under employee stock ownership plan (ESOP)	$ 3,100,000						$ 4,500,000
Number of shares held by ESOP		697,270			697,270
ESOP shares allocated to participant's accounts		243,734			243,734
Compensation expense of ESOP		$ 129,000	$ 129,000		$ 394,000	$ 337,000

STOCK COMPENSATION PLANS (Det58

STOCK COMPENSATION PLANS (Detail Textuals 1) - USD ($)	1 Months Ended	3 Months Ended		9 Months Ended
	Feb. 28, 2015	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
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				$ 2,500,000
Average price per share of common stock purchased in the open market		$ 11.49		$ 11.49
Number of forfeit shares exceptional for award				7,093
Percentage of vesting per year				20.00%
Vesting period of awards granted				5 years
2014 Stock Incentive Plan | Restricted stock awards or units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of forfeit shares exceptional for award				90,055
Maximum number of shares awarded under the plan	285,655
Number of shares granted	235,500
2008 RRP and 2014 SIP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recognized compensation expense		$ 87,000	$ 154,000	$ 329,000	$ 262,000

STOCK COMPENSATION PLANS (Det59

STOCK COMPENSATION PLANS (Detail Textuals 2) - USD ($)	1 Months Ended	3 Months Ended		9 Months Ended		12 Months Ended
	Feb. 28, 2015	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2010	Sep. 30, 2009
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		533,808
Number of vested options				467,758
Number of shares purchased for award	608,737
Number of shares forfeited				18,866
Weighted average remaining contractual term for options outstanding				5 years 10 months 24 days
Estimated fair value of options granted per share						$ 4.58	$ 4.67	$ 3.34	$ 2.92	$ 2.98
Fair value, valuation method				Black-Scholes pricing model
Exercise price and fair value		$ 12.23		$ 12.23
Expected term				7 years
Volatility rate				38.16%
Expected interest rate				1.62%
Expected yield				0.98%
Unrecognized compensation expense for options		$ 1,800,000		$ 1,800,000
Weighted average period for expense recognize				3 years 8 months 12 days
2014 Stock Incentive Plan | Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares for issuance pursuant to options		714,145		714,145
Number of shares purchased for award	605,000
Number of shares forfeited				126,000
2008 RRP and 2014 SIP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recognized compensation expense		$ 87,000	$ 154,000	$ 329,000	$ 262,000
Tax benefit from stock-based compensation		30,000	52,000	112,000	89,000
Unrecognized compensation expense for options		2,300,000	2,800,000	2,300,000	2,800,000
2008 Option Plan and 2014 SIP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recognized compensation expense		106,000	158,000	322,000	268,000
Tax benefit from stock-based compensation		$ 36,000	$ 54,000	$ 44,000	$ 91,000

COMMITMENTS AND CONTINGENT LI60

COMMITMENTS AND CONTINGENT LIABILITIES (Detail Textuals) - USD ($)	9 Months Ended	12 Months Ended
	Jun. 30, 2016	Sep. 30, 2015
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Outstanding commitments	$ 33,000
Aggregate undisbursed portion of loans-in-process	8,443,000	$ 17,097,000
Loan Origination Commitments
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Outstanding commitments	10,800,000	2,500,000
Aggregate undisbursed portion of loans-in-process	$ 8,000,000	$ 17,000,000
Loan Origination Commitments | Minimum
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Market interest rate on fixed and variable rate loans	3.75%	4.25%
Loan Origination Commitments | Maximum
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Market interest rate on fixed and variable rate loans	5.00%	5.25%
Unused lines of Credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Outstanding commitments	$ 3,700,000	$ 6,100,000
Letters of Credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Outstanding commitments	$ 2,000,000	$ 2,600,000

FAIR VALUE MEASUREMENT - Assets

FAIR VALUE MEASUREMENT - Assets measured at fair value on recurring basis (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Sep. 30, 2015
Assets:
Investment and mortgage-backed securities available for sale	$ 138,683	$ 77,483
Level 2
Assets:
Investment and mortgage-backed securities available for sale	138,634
U.S. Government and agency obligations
Assets:
Investment and mortgage-backed securities available for sale	26,048	18,712
Mortgage-backed securities - U.S. Government agencies
Assets:
Investment and mortgage-backed securities available for sale	91,532	58,712
Corporate bonds
Assets:
Investment and mortgage-backed securities available for sale	21,054
FHLMC preferred stock
Assets:
Investment and mortgage-backed securities available for sale	49	59
Fair Value, Measurements, Recurring
Liabilities
Liabilities, total	351
Fair Value, Measurements, Recurring | Level 1
Assets:
Investment and mortgage-backed securities available for sale	49	59
Liabilities
Liabilities, total
Fair Value, Measurements, Recurring | Level 2
Assets:
Investment and mortgage-backed securities available for sale	138,634	77,424
Liabilities
Liabilities, total	351
Fair Value, Measurements, Recurring | Level 3
Assets:
Investment and mortgage-backed securities available for sale
Liabilities
Liabilities, total
Fair Value, Measurements, Recurring | U.S. Government and agency obligations
Assets:
Investment and mortgage-backed securities available for sale	26,048	18,712
Fair Value, Measurements, Recurring | U.S. Government and agency obligations | Level 1
Assets:
Investment and mortgage-backed securities available for sale
Fair Value, Measurements, Recurring | U.S. Government and agency obligations | Level 2
Assets:
Investment and mortgage-backed securities available for sale	26,048	18,712
Fair Value, Measurements, Recurring | U.S. Government and agency obligations | Level 3
Assets:
Investment and mortgage-backed securities available for sale
Fair Value, Measurements, Recurring | Mortgage-backed securities - U.S. Government agencies
Assets:
Investment and mortgage-backed securities available for sale	91,532	58,712
Fair Value, Measurements, Recurring | Mortgage-backed securities - U.S. Government agencies | Level 1
Assets:
Investment and mortgage-backed securities available for sale
Fair Value, Measurements, Recurring | Mortgage-backed securities - U.S. Government agencies | Level 2
Assets:
Investment and mortgage-backed securities available for sale	91,532	58,712
Fair Value, Measurements, Recurring | Mortgage-backed securities - U.S. Government agencies | Level 3
Assets:
Investment and mortgage-backed securities available for sale
Fair Value, Measurements, Recurring | Corporate bonds
Assets:
Investment and mortgage-backed securities available for sale	21,054
Fair Value, Measurements, Recurring | Corporate bonds | Level 1
Assets:
Investment and mortgage-backed securities available for sale
Fair Value, Measurements, Recurring | Corporate bonds | Level 2
Assets:
Investment and mortgage-backed securities available for sale	21,054
Fair Value, Measurements, Recurring | Corporate bonds | Level 3
Assets:
Investment and mortgage-backed securities available for sale
Fair Value, Measurements, Recurring | FHLMC preferred stock
Assets:
Investment and mortgage-backed securities available for sale		59
Fair Value, Measurements, Recurring | FHLMC preferred stock | Level 1
Assets:
Investment and mortgage-backed securities available for sale	49	59
Fair Value, Measurements, Recurring | FHLMC preferred stock | Level 2
Assets:
Investment and mortgage-backed securities available for sale
Fair Value, Measurements, Recurring | FHLMC preferred stock | Level 3
Assets:
Investment and mortgage-backed securities available for sale
Fair Value, Measurements, Recurring | Interest rate swap contracts
Liabilities
Liabilities, total	351
Fair Value, Measurements, Recurring | Interest rate swap contracts | Level 1
Liabilities
Liabilities, total
Fair Value, Measurements, Recurring | Interest rate swap contracts | Level 2
Liabilities
Liabilities, total	351
Fair Value, Measurements, Recurring | Interest rate swap contracts | Level 3
Liabilities
Liabilities, total

FAIR VALUE MEASUREMENT - Change

FAIR VALUE MEASUREMENT - Changes in level 3 assets measured at fair value (Details 1) - Fair Value, Measurements, Nonrecurring - USD ($) $ in Thousands	Jun. 30, 2016	Sep. 30, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	$ 19,517	$ 16,770
Real estate owned	207	869
Total	19,724	17,639
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans
Real estate owned
Total
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans
Real estate owned		869
Total		869
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	19,517	16,770
Real estate owned	207
Total	$ 19,724	$ 16,770

FAIR VALUE MEASUREMENT - Valuat

FAIR VALUE MEASUREMENT - Valuation processes used to determine nonrecurring fair value measurements categorized within level 3 (Details 2) - Fair Value, Measurements, Nonrecurring - USD ($) $ in Thousands		9 Months Ended	12 Months Ended
		Jun. 30, 2016	Sep. 30, 2015
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair Value		$ 19,724	$ 17,639
Level 3
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair Value		19,724	16,770
Level 3 | Impaired loan | Property Appraisals Valuation Technique
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair Value		$ 19,517	$ 16,770
Valuation Technique	[1],[2]	Property appraisals	Property appraisals
Unobservable Input	[3]	Management discount for selling costs, property type and market volatility	Management discount for selling costs, property type and market volatility
Management discount rate		10.00%	10.00%
Level 3 | Real estate owned | Property Appraisals Valuation Technique
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair Value		$ 207	$ 869
Valuation Technique	[1],[2]	Property appraisals	Property appraisals
Unobservable Input	[3]	Management discount for selling costs, property type and market volatility	Management discount for selling costs, property type and market volatility
Management discount rate		10.00%	10.00%
[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]	Includes qualitative adjustments by management and estimated liquidation expenses.
[3]	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.

FAIR VALUE MEASUREMENT - Asse64

FAIR VALUE MEASUREMENT - Assets measured at fair value on a non-recurring basis and the adjustments to the carrying value (Details 3) - USD ($) $ in Thousands	Jun. 30, 2016	Sep. 30, 2015	Jun. 30, 2015	Sep. 30, 2014
Assets:
Cash and cash equivalents	$ 38,572	$ 11,272	$ 20,305	$ 45,382
Investment and mortgage-backed securities available for sale	138,683	77,483
Investment and mortgage-backed securities held to maturity	15,488	66,384
Loans receivable, net	342,459	312,633
Accrued interest receivable	1,763	1,665
Federal Home Loan Bank stock	2,387	369
Bank owned life insurance	12,973	12,722
Liabilities:
Checking accounts	37,741	37,942
Money market deposit accounts	56,115	60,736
Passbook, club and statement savings accounts	70,767	70,355
Certificates of deposit	222,017	196,041
Advances from Federal Home Loan Bank	50,227
Accrued interest payable	1,015	1,291
Advances from borrowers for taxes and insurance	2,769	1,670
Interest rate swap contracts	351
Fair Value
Assets:
Cash and cash equivalents	38,572	11,272
Investment and mortgage-backed securities available for sale	138,683	77,483
Investment and mortgage-backed securities held to maturity	16,793	66,877
Loans receivable, net	344,478	312,613
Accrued interest receivable	1,763	1,665
Federal Home Loan Bank stock	2,387	369
Bank owned life insurance	12,973	12,722
Liabilities:
Checking accounts	37,741	37,942
Money market deposit accounts	56,115	60,736
Passbook, club and statement savings accounts	70,767	70,355
Certificates of deposit	224,396	199,639
Advances from Federal Home Loan Bank	50,222
Accrued interest payable	1,015	1,291
Advances from borrowers for taxes and insurance	2,769	1,670
Interest rate swap contracts	351
Level 1
Assets:
Cash and cash equivalents	38,572	11,272
Investment and mortgage-backed securities available for sale	49	59
Investment and mortgage-backed securities held to maturity
Loans receivable, net
Accrued interest receivable	1,763	1,665
Federal Home Loan Bank stock	2,387	369
Bank owned life insurance	12,973	12,722
Liabilities:
Checking accounts	37,741	37,942
Money market deposit accounts	56,115	60,736
Passbook, club and statement savings accounts	70,767	70,355
Certificates of deposit
Advances from Federal Home Loan Bank
Accrued interest payable	1,015	1,291
Advances from borrowers for taxes and insurance	2,769	1,670
Interest rate swap contracts
Level 2
Assets:
Cash and cash equivalents
Investment and mortgage-backed securities available for sale	138,634	77,424
Investment and mortgage-backed securities held to maturity	16,793	66,877
Loans receivable, net
Accrued interest receivable
Federal Home Loan Bank stock
Bank owned life insurance
Liabilities:
Checking accounts
Money market deposit accounts
Passbook, club and statement savings accounts
Certificates of deposit
Advances from Federal Home Loan Bank
Accrued interest payable
Advances from borrowers for taxes and insurance
Interest rate swap contracts	351
Level 3
Assets:
Cash and cash equivalents
Investment and mortgage-backed securities available for sale
Investment and mortgage-backed securities held to maturity
Loans receivable, net	344,478	312,613
Accrued interest receivable
Federal Home Loan Bank stock
Bank owned life insurance
Liabilities:
Checking accounts
Money market deposit accounts
Passbook, club and statement savings accounts
Certificates of deposit	224,396	199,639
Advances from Federal Home Loan Bank	50,222
Accrued interest payable
Advances from borrowers for taxes and insurance
Interest rate swap contracts

FAIR VALUE MEASUREMENT (Detail

FAIR VALUE MEASUREMENT (Detail Textuals) $ in Millions	Jun. 30, 2016USD ($)
Level 2
Financing Receivable, Impaired [Line Items]
Collateral dependent impaired loans, fair value	$ 19.5

PENDING ACQUISITION (Detail Tex

PENDING ACQUISITION (Detail Textuals) - Polonia Bancorp $ / shares in Units, $ in Millions	Jun. 02, 2016USD ($)$ / shares
Business Acquisition [Line Items]
Exchange ratio	0.7591
Per share cash consideration | $ / shares	$ 11.28
Percentage of issued and outstanding shares exchanged for common stock	50.00%
Percentage of issued and outstanding shares exchanged for cash	50.00%
Maximum
Business Acquisition [Line Items]
Amount of merger consideration | $	$ 37.4