Prudential Bancorp (PBIP) 10-Q 9 Feb 17 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Dec. 31, 2016	Jan. 31, 2017
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		9,015,982
Document Type	10-Q
Document Period End Date	Dec. 31, 2016
Amendment Flag	false
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1

UNAUDITED CONSOLIDATED STATEMEN

UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($) $ in Thousands	Dec. 31, 2016	Sep. 30, 2016
ASSETS
Cash and amounts due from depository institutions	$ 1,580	$ 1,965
Interest-bearing deposits	6,485	10,475
Total cash and cash equivalents	8,065	12,440
Certificates of deposit	1,853	1,853
Investment and mortgage-backed securities available for sale (amortized cost-December 31, 2016, $134,619; September 30, 2016, $137,222)	132,636	138,694
Investment and mortgage-backed securities held to maturity (fair value-December 31, 2016, $43,038; September 30, 2016, $40,700)	44,741	39,971
Loans receivable-net of allowance for loan losses (December 31, 2016, $3,454; September 30, 2016, $3,269)	349,494	344,948
Accrued interest receivable	2,075	1,928
Real estate owned	585	581
Federal Home Loan Bank stock-at cost	2,970	2,463
Office properties and equipment-net	1,268	1,344
Bank owned life insurance	23,221	13,055
Prepaid expenses and other assets	21,611	1,634
Deferred tax assets-net	1,595	569
TOTAL ASSETS	590,114	559,480
Deposits:
Noninterest-bearing	3,595	3,804
Interest-bearing	404,620	385,397
Total deposits	408,215	389,201
Advances from Federal Home Loan Bank (short-term)	49,012	20,000
Advances from Federal Home Loan Bank (long-term)	15,788	30,638
Accrued interest payable	177	1,403
Advances from borrowers for taxes and insurance	2,513	1,748
Accounts payable and accrued expenses	1,293	2,488
Total liabilities	476,998	445,478
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 8,045,544 outstanding at December 31, 2016 and September 30, 2016	95	95
Additional paid-in capital	96,022	95,713
Unearned Employee Stock Ownership Plan (ESOP) shares	(4,456)	(4,550)
Treasury stock, at cost: 1,499,265 shares at December 31, 2016 and September 30, 2016	(21,098)	(21,098)
Retained earnings	43,550	43,044
Accumulated other comprehensive (loss) income	(997)	798
Total stockholders' equity	113,116	114,002
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 590,114	$ 559,480

UNAUDITED CONSOLIDATED STATEME3

UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parentheticals) - USD ($) $ in Thousands	Dec. 31, 2016	Sep. 30, 2016
Statement Of Financial Position [Abstract]
Investment and mortgage-backed securities available for sale, amortized cost (in dollars)	$ 134,619	$ 137,222
Investment and mortgage-backed securities held to maturity, fair value (in dollars)	43,038	40,700
Allowance for loan losses on loans receivable (in dollars)	$ 3,454	$ 3,269
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	8,045,544	8,045,544
Number of treasury share purchased	1,499,265	1,499,265

UNAUDITED CONSOLIDATED STATEME4

UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
INTEREST INCOME:
Interest on loans	$ 3,325	$ 3,060
Interest on mortgage-backed securities	571	512
Interest and dividends on investments	606	479
Interest on interest-bearing assets	3	5
Total interest income	4,505	4,056
INTEREST EXPENSE:
Interest on deposits	691	752
Interest on advances from Federal Home Loan Bank	166	48
Total interest expense	857	800
NET INTEREST INCOME	3,648	3,256
PROVISION FOR LOAN LOSSES	185
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	3,463	3,256
NON-INTEREST INCOME:
Fees and other service charges	124	119
Gain on sale of loans, net	44	1
Gain on the sale of OREO		58
Income from bank owned life insurance	166	84
Other	24	12
Total non-interest income	358	274
NON-INTEREST EXPENSE:
Salaries and employee benefits	1,569	1,717
Data processing	112	116
Professional services	319	279
Office occupancy	252	248
Director compensation	68	126
Deposit insurance premium	(30)	82
Advertising	37	17
Other	393	311
Total non-interest expense	2,720	2,896
INCOME BEFORE INCOME TAXES	1,101	634
INCOME TAXES:
Current expense	470	286
Deferred (benefit)	(100)	(65)
Total income tax expense	370	221
NET INCOME	$ 731	$ 413
BASIC EARNINGS PER SHARE (in dollars per share)	$ 0.10	$ 0.05
DILUTED EARNINGS PER SHARE (in dollars per share)	0.10	0.05
DIVIDENDS PER SHARE (in dollars per share)	$ 0.03	$ 0.03

UNAUDITED CONSOLIDATED STATEME5

UNAUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Statement Of Other Comprehensive Income [Abstract]
Net income	$ 731	$ 413
Unrealized holding losses on available-for-sale securities	(3,456)	(1,185)
Tax effect	1,177	403
Unrealized holding gain on interest rate swaps	733
Tax effect	(249)
Total other comprehensive loss	(1,795)	(782)
Comprehensive loss	$ (1,064)	$ (369)

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, 2015	$ 95	$ 95,286	$ (4,926)	$ (14,691)	$ 41,219	$ 18	$ 117,001
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income					413		413
Other comprehensive loss						(782)	(782)
Dividends paid ($0.03 per share)					(231)		(231)
Tax benefit from stock compensation plans		59					59
Purchase of treasury stock (52,000 shares)				(865)			(865)
Stock option expense		121					121
Recognition and Retention Plan expense		84					84
ESOP shares committed to be released (8,879 shares)		36	94				130
BALANCE at Dec. 31, 2015	95	95,586	(4,832)	(15,556)	41,401	(764)	115,930
BALANCE at Sep. 30, 2016	95	95,713	(4,550)	(21,098)	43,044	798	114,002
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income					731		731
Other comprehensive loss						(1,795)	(1,795)
Dividends paid ($0.03 per share)					(225)		(225)
Tax benefit from stock compensation plans		61					61
Stock option expense		114					114
Recognition and Retention Plan expense		89					89
ESOP shares committed to be released (8,879 shares)		45	94				139
BALANCE at Dec. 31, 2016	$ 95	$ 96,022	$ (4,456)	$ (21,098)	$ 43,550	$ (997)	$ 113,116

UNAUDITED CONSOLIDATED STATEME7

UNAUDITED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parentheticals) - $ / shares	3 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Statement Of Stockholders Equity [Abstract]
Dividends paid (in dollars per share)	$ 0.03	$ 0.03
Purchase of treasury stock, shares		52,000
ESOP shares committed to be released	8,879	8,879

UNAUDITED CONSOLIDATED STATEME8

UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
OPERATING ACTIVITIES:
Net income	$ 731	$ 413
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation	82	77
Net (accretion) amortization of premiums/discounts	(9)	22
Provision for loan losses	185
Net amortization of deferred loan fees and costs	46	70
Share-based compensation expense for stock options and awards	203	205
Income from bank owned life insurance	(166)	(84)
Gain from sale of loans	(44)	(1)
Gain on sale of other real estate owned		(58)
Originations of loans held for sale		(300)
Proceeds from sale of loans held for sale	2,478	301
Compensation expense of ESOP	139	130
Deferred income tax benefit	(100)	(65)
Changes in assets and liabilities which used cash:
Accrued interest receivable	(147)	(198)
Prepaid escrow for the Polonia Merger	(18,949)
Prepaid expenses and other assets	(294)	(592)
Accrued interest payable	(1,226)	(1,234)
Accounts payable and accrued expenses	(1,195)	(282)
Net cash used in operating activities	(18,266)	(1,596)
INVESTING ACTIVITIES:
Purchase of investment and mortgage-backed securities available for sale		(36,929)
Purchase of corporate bonds available for sale		(10,135)
Purchase of municipal bonds	(5,061)
Loans originated or acquired	(27,848)	(19,085)
Principal collected on loans	20,637	9,783
Principal payments received on investment and mortgage-backed securities:
Held-to-maturity	295	10,604
Available-for-sale	2,607	5,056
Purchase of FHLB stock	(507)	(1,275)
Proceeds from sale of real estate owned		927
Purchase of BOLI	(10,000)
Purchases of equipment	(6)	(139)
Net cash used in investing activities	(19,883)	(41,193)
FINANCING ACTIVITIES:
Net (decrease) increase in demand deposits, NOW accounts, and savings accounts	(1,105)	2,249
Net increase in certificates of deposit	20,119	3,283
Proceeds from FHLB advances	14,999	31,889
Repayment of FHLB advances	(837)
Increase in advances from borrowers for taxes and insurance	765	884
Cash dividends paid	(225)	(231)
Purchase of treasury stock		(865)
Tax benefit related to stock compensation plans	61	59
Net cash provided by financing activities	33,777	37,268
NET DECREASE IN CASH AND CASH EQUIVALENTS	(4,372)	(5,521)
CASH AND CASH EQUIVALENTS-Beginning of period	12,440	11,272
CASH AND CASH EQUIVALENTS-End of period	8,065	5,751
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Interest paid on deposits and advances from Federal Home Loan Bank	2,083	$ 2,034
Income taxes paid	$ 650

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Dec. 31, 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, administrative office, and 10 full-service branch offices. Nine of the branch offices are located in Philadelphia (Philadelphia County), one is in Drexel Hill, Delaware County, and one is in Huntingdon Valley, Montgomery County (both Pennsylvania counties). The Bank maintains ATMs at all 11 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 Bancorp”); effective January 1, 2017, Polonia Bancorp, merged with and into the Company, and Polonia Bank, Polonia’s wholly owned subsidiary, merged 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 will not receive any dividends declared on the common stock subject to the award prior to the date the shares are earned. Treasury Stock – FHLB Stock – Recent Accounting Pronouncements In May 2014, the FASB issued ASU 2014-09 , Revenue from Contracts with Customers (a new revenue recognition standard). 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 2016-05, 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 2016-08, 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 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 In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments In October 2016, the FASB issued ASU 2016-16, Income Taxes (Topic 740) In December 2016, the FASB issued ASU 2016-20 , Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers Guarantees In January 2017, the FASB issued ASU 2017-01, Business Combinations (Topic 805), Clarifying the Definition of a Business

EARNINGS PER SHARE

EARNINGS PER SHARE	3 Months Ended
	Dec. 31, 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 stockholders by the weighted average number of shares of common stock outstanding, net of any treasury shares, during the period. Diluted earnings per share is calculated by dividing net income available to common stockholders by the weighted average number of shares of common stock outstanding, net of any treasury shares, after consideration of the potential dilutive effect of common stock equivalents, based upon the treasury stock method using an average market price for the period. The calculated basic and diluted earnings per share are as follows: Three Months Ended December 31, 2016 2015 Basic Diluted Basic Diluted (Dollars in Thousands Except Per Share Data) Net income $ 731 $ 731 $ 413 $ 413 Weighted average shares outstanding 7,333,531 7,333,531 7,625,150 7,625,150 Effect of common stock equivalents - 320,745 - 158,906 Adjusted weighted average shares used in earnings per share computation 7,333,531 7,654,276 7,625,150 7,784,056 Earnings per share - basic and diluted $ 0.10 $ 0.10 $ 0.05 $ 0.05 All exercisable stock options outstanding as of December 31, 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)	3 Months Ended
	Dec. 31, 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 December 31, 2016 2015 (Dollars in Thousands) Unrealized gains (losses) on available for sale Unrealized gains (losses) securities and interest on available for sale rate swaps (a) securities (a) Beginning Balance $ 798 $ 18 Unrealized (loss) gains on available for sale securities (2,279 ) (782 ) Unrealized gains on interest rate swaps 484 - Total other comprehensive loss (1,795 ) (782 ) Ending Balance $ (997 ) $ (764 ) (a) All amounts are net of tax. Amounts in parentheses indicate debits.

INVESTMENT AND MORTGAGE-BACKED

INVESTMENT AND MORTGAGE-BACKED SECURITIES	3 Months Ended
	Dec. 31, 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: December 31, 2016 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Dollars in Thousands) Securities Available for Sale: U.S. government and agency obligations $ 20,989 $ - $ (476 ) $ 20,513 Mortgage-backed securities - U.S. government agencies 88,227 183 (1,347 ) 87,063 Corporate bonds 25,397 9 (445 ) 24,961 Total debt securities available for sale 134,613 192 (2,268 ) 132,537 FHLMC preferred stock 6 93 - 99 Total securities available for sale $ 134,619 $ 285 $ (2,268 ) $ 132,636 Securities Held to Maturity: U.S. government and agency obligations $ 33,499 $ 282 $ (2,054 ) $ 31,727 Mortgage-backed securities - U.S. government agencies 6,183 360 (36 ) 6,507 Municipal bonds 5,059 - (255 ) 4,804 Total securities held to maturity $ 44,741 $ 642 $ (2,345 ) $ 43,038 September 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 $ 20,988 $ 36 $ - $ 21,024 Mortgage-backed securities - U.S. government agencies 90,817 860 (102 ) 91,575 Corporate bonds 25,411 661 (19 ) 26,053 Total debt securities available for sale 137,216 1,557 (121 ) 138,652 FHLMC preferred stock 6 36 - 42 Total securities available for sale $ 137,222 $ 1,593 $ (121 ) $ 138,694 Securities Held to Maturity: U.S. government and agency obligations $ 33,499 $ 399 $ (129 ) $ 33,769 Mortgage-backed securities - U.S. government agencies 6,472 459 - 6,931 Total securities held to maturity $ 39,971 $ 858 $ (129 ) $ 40,700 The following table shows the gross unrealized losses and related fair values of the Company’s investment securities, aggregated by investment category and length of time that individual securities had been in a continuous loss position at December 31, 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: U.S. government and agency obligations $ (476 ) $ 20,513 $ - $ - $ (476 ) $ 20,513 Mortgage-backed securities - agency (1,168 ) 66,064 (179 ) 7,444 (1,347 ) 73,508 Corporate bonds (445 ) 24,952 - - (445 ) 24,952 Total securities available for sale $ (2,089 ) $ 111,529 $ (179 ) $ 7,444 $ (2,268 ) $ 118,973 Securities Held to Maturity: U.S. government and agency obligations $ (2,054 ) $ 31,727 $ - $ - $ (2,054 ) $ 31,727 Mortgage-backed securities - agency (36 ) 1,328 - - (36 ) 1,328 Municipal bonds (255 ) 4,804 - - (255 ) 4,804 Total securities held to maturity $ (2,345 ) $ 37,859 $ - $ - $ (2,345 ) $ 37,859 Total $ (4,434 ) $ 149,388 $ (179 ) $ 7,444 $ (4,613 ) $ 156,832 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, 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: U.S. government and agency obligations $ (50 ) $ 16,498 $ (52 ) $ 6,718 $ (102 ) $ 23,216 Mortgage-backed securities - agency (19 ) 3,955 - - (19 ) 3,955 Total securities available for sale (69 ) 20,453 (52 ) 6,718 (121 ) 27,171 Securities Held to Maturity: U.S. government and agency obligations $ (129 ) $ 20,371 $ - $ - $ (129 ) $ 20,371 Total securities held to maturity $ (129 ) $ 20,371 $ - $ - $ (129 ) $ 20,371 Total $ (198 ) $ 40,824 $ (52 ) $ 6,718 $ (250 ) $ 47,542 Management evaluates securities for other-than-temporary impairment (“OTTI”) at least once each quarter, and more frequently when economic or market concerns warrant such evaluation. The evaluation is based upon factors such as the creditworthiness of the issuers/guarantors, the underlying collateral, if applicable, and the continuing performance of the securities. Management also evaluates other facts and circumstances that may be indicative of an OTTI condition. This includes, but is not limited to, an evaluation of the type of security, the length of time and extent to which the fair value of the security has been less than cost, and the near-term prospects of the issuer. The Company assesses whether a credit loss exists with respect to a security by considering whether (1) the Company has the intent to sell the security, (2) it is more likely than not that it will be required to sell the security before recovery has occurred, or (3) it does not expect to recover the entire amortized cost basis of the security. The Company bifurcates the OTTI impact on impaired securities where impairment in value was deemed to be other than temporary between the component representing credit loss and the component representing loss related to other factors. The portion of the fair value decline attributable to credit loss must be recognized through a charge to earnings. The credit component is determined by comparing the present value of the cash flows expected to be collected, discounted at the rate in effect before recognizing any OTTI, with the amortized cost basis of the debt security. The Company uses the cash flows expected to be realized from the security, which includes assumptions about interest rates, timing and severity of defaults, estimates of potential recoveries, the cash flow distribution from the security and other factors, then applies a discount rate equal to the effective yield of the security. The difference between the present value of the expected cash flows and the amortized book value is considered a credit loss. The fair value of the security is determined using the same expected cash flows; the discount rate is a rate the Company determines from open market and other sources as appropriate for the particular security. The difference between the fair value and the security’s remaining amortized cost is recognized in other comprehensive income (loss). For both the three months ended December 31, 2016 and 2015, the Company did not record any credit losses on investment securities through earnings. U.S. Government and Agency Obligations - Mortgage-Backed Securities – Corporate Debt Securities Municipal 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. December 31, 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 $ 2,151 $ 2,057 $ 2,023 Due after five through ten years 12,022 11,699 22,350 22,016 Due after ten years 24,537 22,681 21,979 21,435 Total $ 38,558 $ 36,531 $ 46,386 $ 45,474 During the three month periods ended December 31, 2016 and 2015, the Company did not sell any securities.

LOANS RECEIVABLE

LOANS RECEIVABLE	3 Months Ended
	Dec. 31, 2016
Receivables [Abstract]
LOANS RECEIVABLE	5. LOANS RECEIVABLE Loans receivable consist of the following: December 31, September 30, 2016 2016 (Dollars in Thousands) One-to-four family residential $ 225,375 $ 233,531 Multi-family residential 12,355 12,478 Commercial real estate 88,776 79,859 Construction and land development 27,023 21,839 Commercial business - 99 Leases 4,436 3,286 Consumer 1,915 799 Total loans 359,880 351,891 Undisbursed portion of loans-in-process (8,430 ) (5,371 ) Deferred loan costs 1,498 1,697 Allowance for loan losses (3,454 ) (3,269 ) Net loans $ 349,494 $ 344,948 The following table summarizes by loan segment the balance in the allowance for loan losses and the loans individually and collectively evaluated for impairment by loan segment at December 31, 2016: One- to-four Multi-family Commercial real Construction Leases Consumer Unallocated Total (Dollars in Thousands) Allowance for Loan Losses: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment 1,564 135 963 415 28 35 314 3,454 Total ending allowance balance $ 1,564 $ 135 $ 963 $ 415 $ 28 $ 35 $ 314 $ 3,454 Loans: Individually evaluated for impairment $ 5,489 $ 331 $ 2,722 $ 10,511 $ - $ - $ 19,053 Collectively evaluated for impairment 219,886 12,024 86,054 16,512 4,436 1,915 340,827 Total loans $ 225,375 $ 12,355 $ 88,776 $ 27,023 $ 4,436 $ 1,915 $ 359,880 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, 2016: One- to-four Multi-family Commercial Construction Commercial Leases Consumer Unallocated Total (Dollars in Thousands) Allowance for Loan Losses: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment 1,627 137 859 316 1 21 10 298 3,269 Total ending allowance balance $ 1,627 $ 137 $ 859 $ 316 $ 1 $ 21 $ 10 $ 298 $ 3,269 Loans: Individually evaluated for impairment $ 5,553 $ 335 $ 3,154 $ 10,288 $ 99 $ - $ - $ 19,429 Collectively evaluated for impairment 227,978 12,143 76,705 11,551 - 3,286 799 332,462 Total loans $ 233,531 $ 12,478 $ 79,859 $ 21,839 $ 99 $ 3,286 $ 799 $ 351,891 The loan portfolio is segmented at a level that allows management to monitor both risk and performance. Management evaluates for potential impairment all construction, multi-family, commercial real estate, commercial business loans, and all leases and all loans and leases more than 90 days delinquent as to principal and/or interest. Loans are considered to be impaired when, based on current information and events, it is probable that the Company will be unable to collect in full the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Once the determination is made that a loan is impaired, the determination of whether a specific allocation of the allowance is necessary is generally measured by comparing the recorded investment in the loan to the fair value of the loan using one of the following three methods: (a) the present value of the expected future cash flows discounted at the loan’s effective interest rate; (b) the loan’s observable market price; or (c) the fair value of the collateral less selling costs. Management primarily utilizes the fair value of collateral method as a practically expedient alternative. On collateral method evaluations, any portion of the loan deemed uncollectible is charged-off against the loan loss allowance. The following table presents impaired loans by class as of December 31, 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 $ - $ - $ 5,489 $ 5,489 $ 5,718 Multi-family residential - - 331 331 331 Commercial real estate - - 2,722 2,722 2,722 Construction and land development - - 10,511 10,511 10,511 Total loans $ - $ - $ 19,053 $ 19,053 $ 19,282 The following table presents impaired loans by class as of September 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 $ - $ - $ 5,553 $ 5,553 $ 5,869 Multi-family - - 335 335 335 Commercial real estate - - 3,154 3,154 3,154 Construction and land development - - 10,288 10,288 10,288 Commercial loans - - 99 99 99 Total loans $ - $ - $ 19,429 $ 19,429 $ 19,745 The following tables present the average recorded investment in impaired loans and related interest income recognized for the periods indicated: Three Months Ended December 31, 2016 Average Income Recognized Income (Dollars in Thousands) One-to-four family residential $ 5,522 $ 17 $ 24 Multi-family residential 332 6 - Commercial real estate 2,938 17 11 Construction and land development 10,399 - - Total loans $ 19,191 $ 40 $ 35 Three Months Ended December 31, 2015 Average Income Recognized Income (Dollars in Thousands) One-to-four family residential $ 4,455 $ 31 $ 23 Multi-family residential 351 6 - Commercial real estate 3,740 24 13 Construction and land development 9,057 125 - Total loans $ 17,603 $ 186 $ 36 Federal regulations and our loan policy require that the Company utilize an internal asset classification system as a means of reporting problem and potential problem assets. The Company has incorporated an internal asset classification system, consistent with Federal banking regulations, as a part of its credit monitoring system. Management currently classifies problem and potential problem assets as “special mention”, “substandard,” “doubtful” or “loss” assets. An asset is considered “substandard” if it is inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. “Substandard” assets include those characterized by the “distinct possibility” that the insured institution will sustain “some loss” if the deficiencies are not corrected. Assets classified as “doubtful” have all of the weaknesses inherent in those classified “substandard” with the added characteristic that the weaknesses present make “collection or liquidation in full,” on the basis of currently existing facts, conditions, and values, “highly questionable and improbable.” Assets classified as “loss” are those considered “uncollectible” and of such little value that their continuance as assets without the establishment of a specific loss reserve is not warranted. Assets which do not currently expose the insured institution to sufficient risk to warrant classification in one of the aforementioned categories but possess weaknesses are required to be designated “special mention.” The following tables present the classes of the loan portfolio in which a formal risk weighting system is utilized summarized by the aggregate “Pass” and the criticized category of “special mention”, and the classified categories of “substandard”, “doubtful” and “loss” within the Company’s risk rating system as applied to the loan portfolio. The Company had no loans classified as “doubtful” or “loss” at either of the dates presented. December 31, 2016 Special Total Pass Mention Substandard Loans (Dollars in Thousands) One-to-four family residential $ - $ 1,670 $ 908 $ 2,578 Multi-family residential 12,025 330 - 12,355 Commercial real estate 85,115 1,480 2,181 88,776 Construction and land development 16,512 - 10,511 27,023 Total loans $ 113,652 $ 3,480 $ 13,600 $ 130,732 September 30, 2016 Special Total Pass Mention Substandard Loans (Dollars in Thousands) One-to-four family residential $ - $ 1,681 $ 1,212 $ 2,893 Multi-family residential 12,144 - 334 12,478 Commercial real estate 76,185 943 2,731 79,859 Construction and land development 11,551 - 10,288 21,839 Commercial business 99 - - 99 Total loans $ 99,979 $ 2,624 $ 14,565 $ 117,168 The Company evaluates the classification of one-to-four family residential and consumer loans primarily on a pooled basis. If the Company becomes aware that adverse or distressed conditions exist that may affect a particular single-family residential loan, the loan is downgraded following the above definitions of special mention, substandard, doubtful and loss. The following tables represent loans in which a formal risk rating system is not utilized, but loans are segregated between performing and non-performing based primarily on delinquency status. Non-performing loans that would be included in the table are those loans greater than 90 days past due as to principal and/or interest that do not have a designated risk rating. December 31, 2016 Non- Total Performing Performing Loans (Dollars in Thousands) One-to-four family residential $ 218,559 $ 4,238 $ 222,797 Leases 4,436 - 4,436 Consumer 1,915 - 1,915 Total loans $ 224,910 $ 4,238 $ 229,148 September 30, 2016 Non- Total Performing Performing Loans (Dollars in Thousands) One-to-four family residential $ 226,394 $ 4,244 $ 230,638 Leases $ 3,286 - $ 3,286 Consumer 799 - 799 Total loans $ 230,479 $ 4,244 $ 234,723 Management further monitors the performance and credit quality of the loan portfolio by analyzing the age of the portfolio as determined by the length of time a recorded payment is due or overdue, as the case may be. The following table presents the loan categories of the loan portfolio summarized by the aging categories of performing and delinquent loans and nonaccrual loans: December 31, 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 $ 222,408 $ 989 $ 1,978 $ - $ 989 $ 225,375 $ 4,238 Multi-family residential 12,355 - - - - 12,355 - Commercial real estate 87,192 238 1,346 - 238 88,776 1,346 Construction and land development 16,513 - 10,511 - - 27,023 10,511 Leases 4,303 133 - - 133 4,436 - Consumer 1,915 - - - - 1,915 - Total loans $ 344,686 $ 1,360 $ 13,835 $ - $ 1,360 $ 359,880 $ 16,095 September 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 $ 228,904 $ 1,860 $ 2,767 $ - $ 1,860 $ 233,531 $ 4,244 Multi-family residential 12,478 - - - - 12,478 - Commercial real estate 78,513 - 1,346 - - 79,859 1,346 Construction and land development 11,551 - 10,288 - - 21,839 10,288 Commercial business 99 - - - - 99 - Leases 3,286 - - - - 3,286 - Consumer 799 - - - - 799 - Total loans $ 335,630 $ 1,860 $ 14,401 $ - $ 1,860 $ 351,891 $ 15,878 The allowance for loan losses is established through a provision for loan losses charged to expense. The Company maintains the allowance at a level believed to cover all known and inherent losses in the portfolio that are both probable and reasonable to estimate at each reporting date. Management reviews the allowance for loan losses no less than quarterly in order to identify these inherent losses and to assess the overall collection probability for the loan portfolio in view of these inherent losses. For each primary type of loan, a loss factor is established reflecting an estimate of the known and inherent losses in such loan type contained in the portfolio using both a quantitative analysis as well as consideration of qualitative factors. The evaluation process includes, among other things, an analysis of delinquency trends, non-performing loan trends, the level of charge-offs and recoveries, prior loss experience, total loans outstanding, the volume of loan originations, the type, size and geographic concentration of the Company’s loans, the value of collateral securing the loans, the borrowers’ ability to repay and repayment performance, the number of loans requiring heightened management oversight, local economic conditions and industry experience. Commercial real estate loans entail significant additional credit risks compared to owner-occupied one-to-four family residential mortgage loans, as they generally involve large loan balances concentrated with single borrowers or groups of related borrowers. In addition, the payment experience on loans secured by income-producing properties typically depends on the successful operation of the related real estate project and/or business operation of the borrower who is, in some cases, also the primary occupant, and thus may be subject to a greater extent to the effects of adverse conditions in the real estate market and in the economy in general. Commercial business loans typically involve a higher risk of default than residential loans of like duration since their repayment is generally dependent on the successful operation of the borrower’s business and the sufficiency of collateral, if any. Land acquisition, development and construction lending exposes the Company to greater credit risk than permanent mortgage financing. The repayment of land acquisition, development and construction loans depends upon the sale of the property to third parties or the availability of permanent financing upon completion of all improvements. These events may adversely affect the sale of the properties, potentially reducing both the borrowers’ ability to make required payments as well as reducing the value of the collateral property. Such lending is additionally subject to the risk that if the estimate of construction cost proves to be inaccurate, the Company potentially will be compelled to advance additional funds to allow completion of the project. In addition, if the estimate of value proves to be inaccurate, the Company may be confronted with a project, when completed, having less value than the loan amount. If the Company is forced to foreclose on a project prior to completion, there is no assurance that the Company would be able to recover the entire unpaid portion of the loan. The following tables summarize the primary segments of the allowance for loan losses. Activity in the allowance is presented for the three month periods ended December 31, 2016 and 2015: Three Months Ended December 31, 2016 One- to Multi- Commercial Construction Commercial Leases Consumer Unallocated Total (Dollars in Thousands) ALLL balance at September 30, 2016 $ 1,627 $ 137 $ 859 $ 316 $ 1 $ 21 $ 10 $ 298 $ 3,269 Charge-offs - - - - - - - - - Recoveries - - - - - - - - - Provision (63 ) (2 ) 104 99 (1 ) 7 25 16 185 ALLL balance at December 31, 2016 $ 1,564 $ 135 $ 963 $ 415 $ - $ 28 $ 35 $ 314 $ 3,454 Three Months Ended December 31, 2015 One- to four-family Multi- Commercial Construction Commercial 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 - - - - - - - - Provision (153 ) (8 ) 128 33 - 3 (3 ) - ALLL balance at December 31, 2015 $ 1,471 $ 58 $ 359 $ 757 $ - $ 8 $ 266 $ 2,919 The Company recorded a provision for loan losses in the amount of $185,000 for the three months period ended December 31, 2016, compared to no provision for the same period in 2015. At December 31, 2016, the Company had ten loans aggregating $7.5 million that were classified as troubled debt restructurings (“TDRs”). Three of such loans aggregating $5.5 million as of December 31, 2016 were classified as non-performing as a result of concern as to whether the borrower has sufficient cashflow to continue to make scheduled payments. Two of these three loans totaling $4.8 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. The Company did not restructure any debt during the three month period ended December 31, 2016 and one single-family residential was restructured in the amount of $482,000 during the same period in 2015. One on construction and development loan for $3.4 million and a commercial real estate loan for $730,000 were in default as of December 31, 2016. Both loans were a part of the Company’s largest borrower. A third TDR secured by one-to-four family residential property for $1.4 million remained classified as non-performing although the borrower has made all agreed upon payments to date. Restructured during the Three Months Ended December 31, 2015 Number of Pre- Modification Post- (Dollars in Thousand) One-to four- family 1 $ 482,000 $ 482,000 1 $ 482,000 $ 482,000

DEPOSITS

DEPOSITS	3 Months Ended
	Dec. 31, 2016
Deposits [Abstract]
DEPOSITS	6. DEPOSITS Deposits consist of the following major classifications: December 31, September 30, 2016 2016 Amount Percent Amount Percent (Dollars in Thousands) Money market deposit accounts $ 53,510 13.1 % $ 55,552 14.3 % Interest-bearing checking accounts 38,220 9.4 34,984 9.3 Non interest-bearing checking accounts 3,595 0.9 3,804 0.7 Passbook, club and statement savings 69,055 16.9 70,924 18.2 Certificates maturing in six months or less 95,516 23.4 97,418 25.0 Certificates maturing in more than six months 148,319 36.3 126,519 32.5 Total $ 408,215 100.0 % $ 389,201 100.0 % Certificates of $250,000 and over totaled $18.0 million as of December 31, 2016 and $17.0 million as of September 30, 2016.

ADVANCES FROM FEDERAL HOME LOAN

ADVANCES FROM FEDERAL HOME LOAN BANK	3 Months Ended
	Dec. 31, 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 3-Jan-17 $ 15,000 0.74 % Not Applicable Fixed Rate -Advance 6-Jan-17 10,000 0.65 % Not Applicable Fixed Rate -Advance 13-Jan-17 10,000 0.80 % Not Applicable Fixed Rate -Advance 17-Nov-17 10,000 1.02 % Not Applicable Fixed Rate -Amortizing 1-Dec-17 2,012 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 4,043 1.53 % Not Applicable Fixed Rate -Advance 27-Jul-20 249 1.38 % Not Applicable Fixed Rate -Advance 27-Jul-21 249 1.52 % Not Applicable Fixed Rate -Advance 28-Jul-21 249 1.48 % Not Applicable Fixed Rate -Advance 29-Jul-21 249 1.42 % Not Applicable Fixed Rate -Advance 19-Aug-21 249 1.55 % Not Applicable $ 64,800 0.82 % (a) (a) Weighted average coupon rate.

DERIVATIVES

DERIVATIVES	3 Months Ended
	Dec. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVES	8. DERIVATIVES The Company has contracted with a third party to participate in pay-fixed interest rate swap contracts and the amount outstanding at December 31, 2016, is being utilized to hedge $21.1 million in floating rate debt consisting of FHLB advances. Below is a summary of the interest rate swap agreements and the terms as of December 31, 2016. Notional Pay Receive Maturity Unrealized Amount Rate Rate Date Gain (Dollars in thousands) Interest rate swap contract $ 10,000 1.15 % 1 Month Libor 6-Apr-21 $ 225 Interest rate swap contract 10,000 1.18 % 1 Month Libor 13-Jun-21 235 Interest rate swap contract 1,100 4.10 % 1 Month Libor +276 bp 1-Aug-26 71 $ 531 All three interest rate swaps are carried at fair value in accordance with FASB ASC 815 "Derivatives and Hedging." Below is a summary of the interest rate swap agreements and the terms as of September 30, 2016. Notional Pay Receive Maturity Unrealized Amount Rate Rate Date Loss (Dollar in thousands) Interest rate swap contract $ 10,000 1.15 % 1 Mth Libor 6-Apr-21 $ 92 Interest rate swap contract 10,000 1.18 % 1 Mth Libor 13-Jun-21 103 Interest rate swap contract 1,100 4.10 % 1 Mth Libor +276 bp 1-Aug-26 7 $ 202 All three interest swaps are carried at fair value in accordance with FASB ASC 815 “Derivatives and Hedging.”

INCOME TAXES

INCOME TAXES	3 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
INCOME TAXES	9. INCOME TAXES Items that gave rise to significant portions of deferred income taxes are as follows: December 31, September 30, 2016 2016 (Dollars in Thousands) Deferred tax assets: Allowance for loan losses $ 1,334 $ 1,289 Nonaccrual interest 230 163 Accrued vacation 12 13 Capital loss carryforward 378 378 Split dollar life insurance 18 18 Post-retirement benefits 95 96 Unrealized losses on available for sale securities 674 - Unrealized losses on interest rate swaps - 69 Employee benefit plans 415 434 Total deferred tax assets 3,156 2,460 Valuation allowance (378 ) (378 ) Total deferred tax assets, net of valuation allowance 2,778 2,082 Deferred tax liabilities: Property 477 423 Unrealized gains on available for sale securities - 500 Unrealized gains on interest rate swaps 180 - Miscellaneous 12 12 Deferred loan fees 514 578 Total deferred tax liabilities 1,183 1,513 Net deferred tax assets $ 1,595 $ 569 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 $378,000 at December 31, 2016, and September 30, 2016. 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, 2013 have been closed for purposes of examination by the Internal Revenue Service and the Pennsylvania Department of Revenue.

STOCK COMPENSATION PLANS

STOCK COMPENSATION PLANS	3 Months Ended
	Dec. 31, 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 of the Company’s common stock for an aggregate cost of approximately $4.5 million in fiscal 2005. The ESOP purchased in connection with the second-step conversion of the Bank an additional 255,564 shares during December 2013 and an additional 30,100 shares at the beginning of 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 two 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 December 31, 2016, the ESOP held 697,270 shares of which a total of 243,734 shares were allocated to participants and committed to release an additional 35,517 shares as of December 31, 2016. For the three months ended December 31, 2016 and 2015, the Company recognized $139,000 and $130,000, respectively, in compensation expense related to the ESOP. During the quarter, the Board of Directors voted to terminate the ESOP effective December 31, 2016. The Company has submitted the proper notices with the Internal Revenue Service and is awaiting receipt of a determination letter in connection with termination of the ESOP, before the final allocation is made to the individual participants. The Company aquired from the ESOP 303,115 shares of treasury stock to pay off the remaining $5.2 million of the outstanding loan balances. Approximately 115,000 shares of unallocated stock will be distributed to the remaining plan participants. 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 2008 RRP purchased 213,528 shares (on a converted basis) of the Company’s common stock in the open market for an aggregating cost of approximately $2.5 million, at an average purchase price per share of $11.49. The Company made sufficient contributions to the 2008 RRP to fund these purchases. As of December 31, 2016, all the shares, 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 233,500 shares were awarded during February 2015 of which 45,000 shares have been forfeited. In August 216, the Company granted 12,500 shares of which 7,473 shares were granted under the 2008 RRP and 3,027 under the 2014 SIP. Compensation expense related to the shares subject to restricted stock awards granted is recognized ratably over the five-year vesting period in an amount which totals the grant date fair value multiplied by the number of shares subject to the grant. During the three months ended December 31, 2016, an aggregate of $89,000 was recognized in compensation expense for the 2008 RRP and the grants pursuant to the 2014 SIP. An income tax benefit of $46,000, was recognized for the three months ended December 31, 2016. During the three months ended December 31, 2015, $84,000 was recognized in compensation expense for the 2008 RRP and the grants pursuant to the 2014 SIP. An income tax benefit of $44,000 was recognized for the three months ended December 31, 2015. At December 31, 2016, approximately $1.5 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 December 31, 2015, approximately $2.3 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 three months ended December 31, 2016 and 2015 is presented in the following tables: Three Months Ended Number of Weighted Average Nonvested stock awards at October 1, 2016 172,788 $ 12.03 Granted - - Forfeited - - Vested - - Nonvested stock awards at the December 31, 2016 172,788 $ 12.03 Three Months Ended Number of Weighted Average Nonvested stock awards at October 1, 2015 241,428 $ 11.74 Granted - - Forfeited (7,746 ) 11.50 Vested - - Nonvested stock awards at the December 31, 2015 233,682 $ 11.75 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 December 31, 2016, all of the options had been awarded under the 2008 Option Plan. As of December 31, 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. In August 2016, the Company granted 27,500 shares of which 18,867 shares were granted under 2008 Option Plan and 8,633 under the 2014 SIP. A summary of the status of the Company’s stock options under the 2008 Option Plan and the 2014 SIP as of December 31, 2016 and 2015 are presented below: Three Months Ended Number of Weighted Average Outstanding at October 1, 2016 921,909 $ 11.70 Granted - - Exercised - - Forfeited - - Outstanding at December 31, 2016 921,909 $ 11.70 Exercisable at December 31, 2016 467,397 $ 11.40 Three Months Ended Number of Weighted Average Outstanding at October 1, 2015 1,074,430 $ 11.92 Granted - - Exercised - - Forfeited (25,166 ) 11.59 Outstanding at December 31, 2015 1,049,264 $ 11.93 Exercisable at December 31, 2015 440,976 $ 11.42 The weighted average remaining contractual term was approximately 4.8 years for options outstanding as of December 31, 2016. The estimated fair value of options granted during fiscal 2009 was $2.98 per share, $2.92 for options granted during fiscal 2010, $3.35 for options granted during fiscal 2013, $4.67 for the options granted during fiscal 2014, $4.58 for options granted during fiscal 2015 and $2.13 for options granted during fiscal 2016. 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%. The fair value for grants made in fiscal 2016 was estimated on the date of grant using Black-Scholes pricing model with the following assumptions: an exercise and fair value of $14.42, expected term of seven years, volatility of 13.82%, interest rate of 1.36% and a yield of 0.80%. During the three months ended December 31, 2016, $130,000 was recognized in compensation expense for options granted pursuant to the 2008 Option Plan and the 2014 SIP. A tax benefit of $16,000 was recognized for the three months ended December 31, 2016. During the three months ended December 31, 2015, $136,000 was recognized in compensation expense for options granted pursuant to the 2008 Option Plan and the 2014 SIP. A tax benefit of $15,000 was recognized for the three months ended December 31, 2015. At December 31, 2016, there was approximately $1.5 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 3.3 years.

COMMITMENTS AND CONTINGENT LIAB

COMMITMENTS AND CONTINGENT LIABILITIES	3 Months Ended
	Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENT LIABILITIES	11. COMMITMENTS AND CONTINGENT LIABILITIES At December 31, 2016, the Company had $20.2 million in outstanding commitments to originate fixed rate loans with market interest rates ranging from 3.75% to 4.75%. At September 30, 2016, the Company had $9.9 million in outstanding commitments to originate fixed rate loans with market interest rates ranging from 3.75% to 5.0%. The aggregate undisbursed portion of loans-in-process amounted to $8.3 million at December 31, 2016 and $5.4 million at September 30, 2016. The Company also had commitments under unused lines of credit of $2.9 million as of December 31, 2016 and $3.3 million as of September 30, 2016 and letters of credit outstanding of $1.5 million as of December 31, 2016 and $1.9 million as of September 30, 2016. Among the Company’s contingent liabilities are exposures to limited recourse arrangements with respect to the Company’s sales of whole loans and participation interests. At December 31, 2016, the exposure, which represents a portion of credit risk associated with the interests sold, amounted to $31,000. 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	3 Months Ended
	Dec. 31, 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 December 31, 2016 and September 30, 2016, 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 December 31, 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 $ - $ 20,513 $ - $ 20,513 Mortgage-backed securities - U.S. Government agencies - 87,063 - 87,063 Corporate bonds - 24,961 - 24,961 FHLMC preferred stock 99 - - 99 Interest rate swap contracts - 531 - 531 Total $ 99 $ 132,537 $ - $ 132,636 Those assets as of September 30, 2016 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 $ - $ 21,024 $ - $ 21,024 Mortgage-backed securities - U.S. Government agencies - 91,575 - 91,575 Corporate bonds - 26,053 - 26,053 FHLMC preferred stock 42 - - 42 Total $ 42 $ 138,652 $ - $ 138,694 Liabilities: Interest rate swap contracts $ - $ 202 $ - $ 202 Total $ - $ 202 $ - $ 202 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 $19.1 million as of December 31, 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 December 31, 2016 (Dollars in Thousands) Level 1 Level 2 Level 3 Total Impaired loans $ - $ - $ 19,053 $ 19,053 Real estate owned - - 585 585 Total $ - $ - $ 19,638 $ 19,638 At September 30, 2016 (Dollars in Thousands) Level 1 Level 2 Level 3 Total Impaired loans $ - $ - $ 19,429 $ 19,429 Real estate owned - - 581 581 Total $ - $ - $ 20,010 $ 20,010 The following table provides information describing the valuation processes used to determine nonrecurring fair value measurements categorized within Level 3 of the fair value hierarchy: At December 31, 2016 (Dollars in Thousands) Valuation Range/ Fair Value Technique Unobservable Input Weighted Ave. Impaired loans $ 19,053 Property appraisals (1) (3) Management discount for selling costs, property type and market volatility (2) 6% to 46% discount/ 10% Real estate owned $ 585 Property appraisals (1)(3) Management discount for selling costs, property type and market volatility (2) 10% discount At September 30, 2016 (Dollars in Thousands) Valuation Range/ Fair Value Technique Unobservable Input Weighted Ave. Impaired loans $ 19,429 Property appraisals (1) (3) Management discount for selling costs, property type and market volatility (2) 6% to 46% discount/10% Real estate owned $ 581 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 December 31, 2016 Carrying Fair Amount Value (Level 1) (Level 2) (Level 3) (Dollars in Thousands) Assets: Cash and cash equivalents $ 8,065 $ 8,065 $ 8,065 $ - $ - Certificate of deposits $ 1,853 $ 1,853 $ 1,853 - - Investment and mortgage-backed securities available for sale 132,636 132,636 99 132,537 - Investment and mortgage-backed securities held to maturity 44,741 43,038 - 43,038 - Loans receivable, net 349,494 349,733 - - 349,733 Accrued interest receivable 2,075 2,075 2,075 - - Federal Home Loan Bank stock 2,970 2,970 2,970 - - Bank owned life insurance 23,221 23,221 23,221 - - Interest rate swap contracts 531 531 - 531 - Liabilities: Checking accounts 41,815 41,815 41,815 - - Money market deposit accounts 53,510 53,510 53,510 - - Passbook, club and statement savings accounts 69,055 69,055 69,055 - - Certificates of deposit 243,835 245,639 - - 245,639 Advances from FHLB short-term 49,012 49,012 49,012 Advances from FHLB long-term 15,788 14,888 - - 14,888 Accrued interest payable 177 177 177 - - Advances from borrowers for taxes and insurance 2,513 2,513 2,513 - - Fair Value Measurements at September 30, 2016 Carrying Fair Amount Value (Level 1) (Level 2) (Level 3) (Dollars in Thousands) Assets: Cash and cash equivalents $ 12,440 $ 12,440 $ 12,440 $ - $ - Certificate of deposits 1,853 1,853 1,853 - - Investment and mortgage-backed securities available for sale 138,694 138,694 42 138,652 - Investment and mortgage-backed securities held to maturity 39,971 40,700 - 40,700 - Loans receivable, net 344,948 344,100 - - 344,100 Accrued interest receivable 1,928 1,928 1,928 - - Federal Home Loan Bank stock 2,463 2,463 2,463 - - Bank owned life insurance 13,055 13,055 13,055 - - Liabilities: Checking accounts 38,788 38,788 38,788 - - Money market deposit accounts 55,552 55,552 55,552 - - Passbook, club and statement savings accounts 70,924 70,924 70,924 - - Certificates of deposit 223,937 225,383 - - 225,383 Accrued interest payable 1,403 1,403 1,403 - - Advances from FHLB -short-term 20,000 20,000 - - 20,000 Advances from FHLB -long-term 30,638 30,222 - - 30,222 Advances from borrowers for taxes and insurance 1,748 1,748 1,748 - - Interest rate swap contracts 202 202 - 202 - 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 — Short-term Advances from Federal Home Loan Bank — Long-term 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 —

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Dec. 31, 2016
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	13. SUBSEQUENT EVENTS On January 3, 2017, the Company issued a press release announcing announced the completion of the acquisition of Polonia Bancorp, Inc. (“Polonia”) and its wholly-owned subsidiary, Polonia Bank, effective January 1, 2017. Pursuant to terms of the Agreement and Plan of Merger by and between the Company and Polonia dated June 2, 2016 (“Merger Agreement”), Polonia was merged with and into the Company immediately followed by the merger of Polonia Bank with and into Prudential Savings Bank. Under the terms of the Merger Agreement, shareholders of Polonia had the option to receive $11.09 per share in cash or 0.7460 of a share of Prudential common stock for each share of Polonia common stock held thereby, subject to allocation provisions to assure that, in the aggregate, Polonia shareholders received total merger consideration that consists of 50% stock and 50% cash. As a result of Polonia shareholder stock and cash elections and the related proration provisions of the Merger Agreement, Prudential issued approximately 1,274,200 shares of its common stock and approximately $18.9 million in the merger. With the combination of the two organizations, the Company, on a consolidated basis, has approximately $838.9 million in assets, $508.8 million in loans and $563.7 million in deposits with 11 branch offices in Philadelphia, Delaware and Montgomery counties. Management is still in the process of determining the fair value adjustments that will be applied as part of the business combination account. As such, neither the selected pro forma balance sheet information nor the selected pro forma income statement information presented as follows includes the impact of fair values adjustments. Prudential Bancorp, Inc. and Polonia Bancorp Inc. Pro Forma Selected Balance Sheet Items (unaudited) (amounts in thousands) At December 31, 2016 2015 ASSETS Cash and due from financial institutions $ 32,829 $ 17,925 Securities held-to-maturity 44,741 100,531 Securities-available-for-sale 200,571 129,987 Loans, net of allowance 512,076 534,001 Premises and equipment, net 5,120 5,822 LIABILITIES Total Deposits 579,564 570,160 Federal Home Loan Bank advances 120,800 90,889 STOCKHOLDERS' EQUITY Stockholders' Equity 128,679 135,804 Prudential Bancorp, Inc. and Polonia Bancorp Inc. Pro Forma Condensed Income Statement (unaudited) (amounts in thousands, except share data) For Three Months Ended December 31, 2016 2015 Total interest and dividend income $ 6,696 $ 6,429 Total interest expense $ 1,535 $ 1,576 Net interest income $ 5,161 $ 4,853 Provision for loan losses $ 185 $ - Net interest income after provision for loan losses $ 4,976 $ 4,853 Total noninterest income $ 366 $ 411 Total noninterest expenses $ 7,892 (A) $ 5,103 (Loss) income before income taxes $ (2,550 ) $ 161 Income taxes (benefit) expense $ (370 ) $ 67 Net (loss) income $ (2,180 ) $ 94 Earnings per common share, basic $ (0.25 ) $ 0.01 Earnings per common share, diluted $ (0.24 ) $ 0.01 Basic shares outstanding 8,607,728 8,899,347 Diluted share outstanding 8,928,473 9,058,253 (A) Approximately $1.3 million was attributed to one-time merger related costs, for legal and professional fees, for the three months ended December 31, 2016.

SIGNIFICANT ACCOUNTING POLICI22

SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Dec. 31, 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 will not receive any dividends declared on the common stock subject to the award prior to the date the shares are earned.
Treasury Stock	Treasury Stock –
FHLB Stock	FHLB Stock –
Recent Accounting Pronouncements	Recent Accounting Pronouncements In May 2014, the FASB issued ASU 2014-09 , Revenue from Contracts with Customers (a new revenue recognition standard). 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 2016-05, 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 2016-08, 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 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 In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments In October 2016, the FASB issued ASU 2016-16, Income Taxes (Topic 740) In December 2016, the FASB issued ASU 2016-20 , Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers Guarantees In January 2017, the FASB issued ASU 2017-01, Business Combinations (Topic 805), Clarifying the Definition of a Business

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	3 Months Ended
	Dec. 31, 2016
Earnings Per Share [Abstract]
Schedule of basic and diluted earnings per share	Three Months Ended December 31, 2016 2015 Basic Diluted Basic Diluted (Dollars in Thousands Except Per Share Data) Net income $ 731 $ 731 $ 413 $ 413 Weighted average shares outstanding 7,333,531 7,333,531 7,625,150 7,625,150 Effect of common stock equivalents - 320,745 - 158,906 Adjusted weighted average shares used in earnings per share computation 7,333,531 7,654,276 7,625,150 7,784,056 Earnings per share - basic and diluted $ 0.10 $ 0.10 $ 0.05 $ 0.05

ACCUMULATED OTHER COMPREHENSI24

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	3 Months Ended
	Dec. 31, 2016
Accumulated Other Comprehensive Income [Abstract]
Schedule of changes in accumulated other comprehensive income	Three Months Ended December 31, 2016 2015 (Dollars in Thousands) Unrealized gains (losses) on available for sale Unrealized gains (losses) securities and interest on available for sale rate swaps (a) securities (a) Beginning Balance $ 798 $ 18 Unrealized (loss) gains on available for sale securities (2,279 ) (782 ) Unrealized gains on interest rate swaps 484 - Total other comprehensive loss (1,795 ) (782 ) Ending Balance $ (997 ) $ (764 ) (a) All amounts are net of tax. Amounts in parentheses indicate debits.

INVESTMENT AND MORTGAGE-BACKE25

INVESTMENT AND MORTGAGE-BACKED SECURITIES (Tables)	3 Months Ended
	Dec. 31, 2016
Investments, Debt and Equity Securities [Abstract]
Schedule of amortized cost and fair value of securities, with gross unrealized gains and losses	December 31, 2016 Gross Gross Amortized Unrealized Unrealized Fair Cost Gains Losses Value (Dollars in Thousands) Securities Available for Sale: U.S. government and agency obligations $ 20,989 $ - $ (476 ) $ 20,513 Mortgage-backed securities - U.S. government agencies 88,227 183 (1,347 ) 87,063 Corporate bonds 25,397 9 (445 ) 24,961 Total debt securities available for sale 134,613 192 (2,268 ) 132,537 FHLMC preferred stock 6 93 - 99 Total securities available for sale $ 134,619 $ 285 $ (2,268 ) $ 132,636 Securities Held to Maturity: U.S. government and agency obligations $ 33,499 $ 282 $ (2,054 ) $ 31,727 Mortgage-backed securities - U.S. government agencies 6,183 360 (36 ) 6,507 Municipal bonds 5,059 - (255 ) 4,804 Total securities held to maturity $ 44,741 $ 642 $ (2,345 ) $ 43,038 September 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 $ 20,988 $ 36 $ - $ 21,024 Mortgage-backed securities - U.S. government agencies 90,817 860 (102 ) 91,575 Corporate bonds 25,411 661 (19 ) 26,053 Total debt securities available for sale 137,216 1,557 (121 ) 138,652 FHLMC preferred stock 6 36 - 42 Total securities available for sale $ 137,222 $ 1,593 $ (121 ) $ 138,694 Securities Held to Maturity: U.S. government and agency obligations $ 33,499 $ 399 $ (129 ) $ 33,769 Mortgage-backed securities - U.S. government agencies 6,472 459 - 6,931 Total securities held to maturity $ 39,971 $ 858 $ (129 ) $ 40,700
Schedule of gross unrealized losses and related fair values of investment securities	The following table shows the gross unrealized losses and related fair values of the Company’s investment securities, aggregated by investment category and length of time that individual securities had been in a continuous loss position at December 31, 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: U.S. government and agency obligations $ (476 ) $ 20,513 $ - $ - $ (476 ) $ 20,513 Mortgage-backed securities - agency (1,168 ) 66,064 (179 ) 7,444 (1,347 ) 73,508 Corporate bonds (445 ) 24,952 - - (445 ) 24,952 Total securities available for sale $ (2,089 ) $ 111,529 $ (179 ) $ 7,444 $ (2,268 ) $ 118,973 Securities Held to Maturity: U.S. government and agency obligations $ (2,054 ) $ 31,727 $ - $ - $ (2,054 ) $ 31,727 Mortgage-backed securities - agency (36 ) 1,328 - - (36 ) 1,328 Municipal bonds (255 ) 4,804 - - (255 ) 4,804 Total securities held to maturity $ (2,345 ) $ 37,859 $ - $ - $ (2,345 ) $ 37,859 Total $ (4,434 ) $ 149,388 $ (179 ) $ 7,444 $ (4,613 ) $ 156,832 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, 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: U.S. government and agency obligations $ (50 ) $ 16,498 $ (52 ) $ 6,718 $ (102 ) $ 23,216 Mortgage-backed securities - agency (19 ) 3,955 - - (19 ) 3,955 Total securities available for sale (69 ) 20,453 (52 ) 6,718 (121 ) 27,171 Securities Held to Maturity: U.S. government and agency obligations $ (129 ) $ 20,371 $ - $ - $ (129 ) $ 20,371 Total securities held to maturity $ (129 ) $ 20,371 $ - $ - $ (129 ) $ 20,371 Total $ (198 ) $ 40,824 $ (52 ) $ 6,718 $ (250 ) $ 47,542
Schedule of amortized cost and fair value of debt securities by contractual maturity	December 31, 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 $ 2,151 $ 2,057 $ 2,023 Due after five through ten years 12,022 11,699 22,350 22,016 Due after ten years 24,537 22,681 21,979 21,435 Total $ 38,558 $ 36,531 $ 46,386 $ 45,474

LOANS RECEIVABLE (Tables)

LOANS RECEIVABLE (Tables)	3 Months Ended
	Dec. 31, 2016
Receivables [Abstract]
Schedule of summary of loans receivable	December 31, September 30, 2016 2016 (Dollars in Thousands) One-to-four family residential $ 225,375 $ 233,531 Multi-family residential 12,355 12,478 Commercial real estate 88,776 79,859 Construction and land development 27,023 21,839 Commercial business - 99 Leases 4,436 3,286 Consumer 1,915 799 Total loans 359,880 351,891 Undisbursed portion of loans-in-process (8,430 ) (5,371 ) Deferred loan costs 1,498 1,697 Allowance for loan losses (3,454 ) (3,269 ) Net loans $ 349,494 $ 344,948
Schedule of loans individually and collectively evaluated for impairment by loan segment	The following table summarizes by loan segment the balance in the allowance for loan losses and the loans individually and collectively evaluated for impairment by loan segment at December 31, 2016: One- to-four Multi-family Commercial real Construction Leases Consumer Unallocated Total (Dollars in Thousands) Allowance for Loan Losses: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment 1,564 135 963 415 28 35 314 3,454 Total ending allowance balance $ 1,564 $ 135 $ 963 $ 415 $ 28 $ 35 $ 314 $ 3,454 Loans: Individually evaluated for impairment $ 5,489 $ 331 $ 2,722 $ 10,511 $ - $ - $ 19,053 Collectively evaluated for impairment 219,886 12,024 86,054 16,512 4,436 1,915 340,827 Total loans $ 225,375 $ 12,355 $ 88,776 $ 27,023 $ 4,436 $ 1,915 $ 359,880 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, 2016: One- to-four Multi-family Commercial Construction Commercial Leases Consumer Unallocated Total (Dollars in Thousands) Allowance for Loan Losses: Individually evaluated for impairment $ - $ - $ - $ - $ - $ - $ - $ - $ - Collectively evaluated for impairment 1,627 137 859 316 1 21 10 298 3,269 Total ending allowance balance $ 1,627 $ 137 $ 859 $ 316 $ 1 $ 21 $ 10 $ 298 $ 3,269 Loans: Individually evaluated for impairment $ 5,553 $ 335 $ 3,154 $ 10,288 $ 99 $ - $ - $ 19,429 Collectively evaluated for impairment 227,978 12,143 76,705 11,551 - 3,286 799 332,462 Total loans $ 233,531 $ 12,478 $ 79,859 $ 21,839 $ 99 $ 3,286 $ 799 $ 351,891
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 December 31, 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 $ - $ - $ 5,489 $ 5,489 $ 5,718 Multi-family residential - - 331 331 331 Commercial real estate - - 2,722 2,722 2,722 Construction and land development - - 10,511 10,511 10,511 Total loans $ - $ - $ 19,053 $ 19,053 $ 19,282 The following table presents impaired loans by class as of September 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 $ - $ - $ 5,553 $ 5,553 $ 5,869 Multi-family - - 335 335 335 Commercial real estate - - 3,154 3,154 3,154 Construction and land development - - 10,288 10,288 10,288 Commercial loans - - 99 99 99 Total loans $ - $ - $ 19,429 $ 19,429 $ 19,745
Schedule of average investment in impaired loans and related interest income recognized	Three Months Ended December 31, 2016 Average Income Recognized Income (Dollars in Thousands) One-to-four family residential $ 5,522 $ 17 $ 24 Multi-family residential 332 6 - Commercial real estate 2,938 17 11 Construction and land development 10,399 - - Total loans $ 19,191 $ 40 $ 35 Three Months Ended December 31, 2015 Average Income Recognized Income (Dollars in Thousands) One-to-four family residential $ 4,455 $ 31 $ 23 Multi-family residential 351 6 - Commercial real estate 3,740 24 13 Construction and land development 9,057 125 - Total loans $ 17,603 $ 186 $ 36
Schedule of classes of the loan portfolio in which a formal risk weighting system is utilized	December 31, 2016 Special Total Pass Mention Substandard Loans (Dollars in Thousands) One-to-four family residential $ - $ 1,670 $ 908 $ 2,578 Multi-family residential 12,025 330 - 12,355 Commercial real estate 85,115 1,480 2,181 88,776 Construction and land development 16,512 - 10,511 27,023 Total loans $ 113,652 $ 3,480 $ 13,600 $ 130,732 September 30, 2016 Special Total Pass Mention Substandard Loans (Dollars in Thousands) One-to-four family residential $ - $ 1,681 $ 1,212 $ 2,893 Multi-family residential 12,144 - 334 12,478 Commercial real estate 76,185 943 2,731 79,859 Construction and land development 11,551 - 10,288 21,839 Commercial business 99 - - 99 Total loans $ 99,979 $ 2,624 $ 14,565 $ 117,168
Schedule of loans in which a formal risk rating system is not utilized, but loans are segregated between performing and non-performing	December 31, 2016 Non- Total Performing Performing Loans (Dollars in Thousands) One-to-four family residential $ 218,559 $ 4,238 $ 222,797 Leases 4,436 - 4,436 Consumer 1,915 - 1,915 Total loans $ 224,910 $ 4,238 $ 229,148 September 30, 2016 Non- Total Performing Performing Loans (Dollars in Thousands) One-to-four family residential $ 226,394 $ 4,244 $ 230,638 Leases $ 3,286 - $ 3,286 Consumer 799 - 799 Total loans $ 230,479 $ 4,244 $ 234,723
Schedule of loan categories of the loan portfolio summarized by the aging categories of performing and delinquent loans and nonaccrual loans	December 31, 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 $ 222,408 $ 989 $ 1,978 $ - $ 989 $ 225,375 $ 4,238 Multi-family residential 12,355 - - - - 12,355 - Commercial real estate 87,192 238 1,346 - 238 88,776 1,346 Construction and land development 16,513 - 10,511 - - 27,023 10,511 Leases 4,303 133 - - 133 4,436 - Consumer 1,915 - - - - 1,915 - Total loans $ 344,686 $ 1,360 $ 13,835 $ - $ 1,360 $ 359,880 $ 16,095 September 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 $ 228,904 $ 1,860 $ 2,767 $ - $ 1,860 $ 233,531 $ 4,244 Multi-family residential 12,478 - - - - 12,478 - Commercial real estate 78,513 - 1,346 - - 79,859 1,346 Construction and land development 11,551 - 10,288 - - 21,839 10,288 Commercial business 99 - - - - 99 - Leases 3,286 - - - - 3,286 - Consumer 799 - - - - 799 - Total loans $ 335,630 $ 1,860 $ 14,401 $ - $ 1,860 $ 351,891 $ 15,878
Schedule of primary segments of the allowance for loan losses, segmented into the amount required for loans individually evaluated for impairment and the amount required for loans collectively evaluated for impairment.	Three Months Ended December 31, 2016 One- to Multi- Commercial Construction Commercial Leases Consumer Unallocated Total (Dollars in Thousands) ALLL balance at September 30, 2016 $ 1,627 $ 137 $ 859 $ 316 $ 1 $ 21 $ 10 $ 298 $ 3,269 Charge-offs - - - - - - - - - Recoveries - - - - - - - - - Provision (63 ) (2 ) 104 99 (1 ) 7 25 16 185 ALLL balance at December 31, 2016 $ 1,564 $ 135 $ 963 $ 415 $ - $ 28 $ 35 $ 314 $ 3,454 Three Months Ended December 31, 2015 One- to four-family Multi- Commercial Construction Commercial 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 - - - - - - - - Provision (153 ) (8 ) 128 33 - 3 (3 ) - ALLL balance at December 31, 2015 $ 1,471 $ 58 $ 359 $ 757 $ - $ 8 $ 266 $ 2,919
Schedule of troubled debt restructurings	Restructured during the Three Months Ended December 31, 2015 Number of Pre- Modification Post- (Dollars in Thousand) One-to four- family 1 $ 482,000 $ 482,000 1 $ 482,000 $ 482,000

DEPOSITS (Tables)

DEPOSITS (Tables)	3 Months Ended
	Dec. 31, 2016
Deposits [Abstract]
Schedule of major classifications of deposits	December 31, September 30, 2016 2016 Amount Percent Amount Percent (Dollars in Thousands) Money market deposit accounts $ 53,510 13.1 % $ 55,552 14.3 % Interest-bearing checking accounts 38,220 9.4 34,984 9.3 Non interest-bearing checking accounts 3,595 0.9 3,804 0.7 Passbook, club and statement savings 69,055 16.9 70,924 18.2 Certificates maturing in six months or less 95,516 23.4 97,418 25.0 Certificates maturing in more than six months 148,319 36.3 126,519 32.5 Total $ 408,215 100.0 % $ 389,201 100.0 %

ADVANCES FROM FEDERAL HOME LO28

ADVANCES FROM FEDERAL HOME LOAN BANK (Tables)	3 Months Ended
	Dec. 31, 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 3-Jan-17 $ 15,000 0.74 % Not Applicable Fixed Rate -Advance 6-Jan-17 10,000 0.65 % Not Applicable Fixed Rate -Advance 13-Jan-17 10,000 0.80 % Not Applicable Fixed Rate -Advance 17-Nov-17 10,000 1.02 % Not Applicable Fixed Rate -Amortizing 1-Dec-17 2,012 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 4,043 1.53 % Not Applicable Fixed Rate -Advance 27-Jul-20 249 1.38 % Not Applicable Fixed Rate -Advance 27-Jul-21 249 1.52 % Not Applicable Fixed Rate -Advance 28-Jul-21 249 1.48 % Not Applicable Fixed Rate -Advance 29-Jul-21 249 1.42 % Not Applicable Fixed Rate -Advance 19-Aug-21 249 1.55 % Not Applicable $ 64,800 0.82 % (a) (a) Weighted average coupon rate.

DERIVATIVES (Tables)

DERIVATIVES (Tables)	3 Months Ended
	Dec. 31, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of interest rate swap agreements and the terms	Notional Pay Receive Maturity Unrealized Amount Rate Rate Date Gain (Dollars in thousands) Interest rate swap contract $ 10,000 1.15 % 1 Month Libor 6-Apr-21 $ 225 Interest rate swap contract 10,000 1.18 % 1 Month Libor 13-Jun-21 235 Interest rate swap contract 1,100 4.10 % 1 Month Libor +276 bp 1-Aug-26 71 $ 531 Notional Pay Receive Maturity Unrealized Amount Rate Rate Date Loss (Dollar in thousands) Interest rate swap contract $ 10,000 1.15 % 1 Mth Libor 6-Apr-21 $ 92 Interest rate swap contract 10,000 1.18 % 1 Mth Libor 13-Jun-21 103 Interest rate swap contract 1,100 4.10 % 1 Mth Libor +276 bp 1-Aug-26 7 $ 202

INCOME TAXES (Tables)

INCOME TAXES (Tables)	3 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Schedule of deferred income taxes	December 31, September 30, 2016 2016 (Dollars in Thousands) Deferred tax assets: Allowance for loan losses $ 1,334 $ 1,289 Nonaccrual interest 230 163 Accrued vacation 12 13 Capital loss carryforward 378 378 Split dollar life insurance 18 18 Post-retirement benefits 95 96 Unrealized losses on available for sale securities 674 - Unrealized losses on interest rate swaps - 69 Employee benefit plans 415 434 Total deferred tax assets 3,156 2,460 Valuation allowance (378 ) (378 ) Total deferred tax assets, net of valuation allowance 2,778 2,082 Deferred tax liabilities: Property 477 423 Unrealized gains on available for sale securities - 500 Unrealized gains on interest rate swaps 180 - Miscellaneous 12 12 Deferred loan fees 514 578 Total deferred tax liabilities 1,183 1,513 Net deferred tax assets $ 1,595 $ 569

STOCK COMPENSATION PLANS (Table

STOCK COMPENSATION PLANS (Tables)	3 Months Ended
	Dec. 31, 2016
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]
Schedule of summary of the non-vested stock award activity	Three Months Ended Number of Weighted Average Nonvested stock awards at October 1, 2016 172,788 $ 12.03 Granted - - Forfeited - - Vested - - Nonvested stock awards at the December 31, 2016 172,788 $ 12.03 Three Months Ended Number of Weighted Average Nonvested stock awards at October 1, 2015 241,428 $ 11.74 Granted - - Forfeited (7,746 ) 11.50 Vested - - Nonvested stock awards at the December 31, 2015 233,682 $ 11.75
Schedule of summary of the status of the company' stock options under the stock option plan	Three Months Ended Number of Weighted Average Outstanding at October 1, 2016 921,909 $ 11.70 Granted - - Exercised - - Forfeited - - Outstanding at December 31, 2016 921,909 $ 11.70 Exercisable at December 31, 2016 467,397 $ 11.40 Three Months Ended Number of Weighted Average Outstanding at October 1, 2015 1,074,430 $ 11.92 Granted - - Exercised - - Forfeited (25,166 ) 11.59 Outstanding at December 31, 2015 1,049,264 $ 11.93 Exercisable at December 31, 2015 440,976 $ 11.42

FAIR VALUE MEASUREMENT (Tables)

FAIR VALUE MEASUREMENT (Tables)	3 Months Ended
	Dec. 31, 2016
Fair Value Disclosures [Abstract]
Schedule of assets measured at fair value on recurring basis	Category Used for Fair Value Measurement Level 1 Level 2 Level 3 Total (Dollars in Thousands) Assets: Securities available for sale: U.S. Government and agency obligations $ - $ 20,513 $ - $ 20,513 Mortgage-backed securities - U.S. Government agencies - 87,063 - 87,063 Corporate bonds - 24,961 - 24,961 FHLMC preferred stock 99 - - 99 Interest rate swap contracts - 531 - 531 Total $ 99 $ 132,537 $ - $ 132,636 Those assets as of September 30, 2016 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 $ - $ 21,024 $ - $ 21,024 Mortgage-backed securities - U.S. Government agencies - 91,575 - 91,575 Corporate bonds - 26,053 - 26,053 FHLMC preferred stock 42 - - 42 Total $ 42 $ 138,652 $ - $ 138,694 Liabilities: Interest rate swap contracts $ - $ 202 $ - $ 202 Total $ - $ 202 $ - $ 202
Schedule of summary of non-recurring fair value measurements	At December 31, 2016 (Dollars in Thousands) Level 1 Level 2 Level 3 Total Impaired loans $ - $ - $ 19,053 $ 19,053 Real estate owned - - 585 585 Total $ - $ - $ 19,638 $ 19,638 At September 30, 2016 (Dollars in Thousands) Level 1 Level 2 Level 3 Total Impaired loans $ - $ - $ 19,429 $ 19,429 Real estate owned - - 581 581 Total $ - $ - $ 20,010 $ 20,010
Schedule of nonrecurring fair value measurements categorized within level 3 of the fair value hierarchy	At December 31, 2016 (Dollars in Thousands) Valuation Range/ Fair Value Technique Unobservable Input Weighted Ave. Impaired loans $ 19,053 Property appraisals (1) (3) Management discount for selling costs, property type and market volatility (2) 6% to 46% discount/ 10% Real estate owned $ 585 Property appraisals (1)(3) Management discount for selling costs, property type and market volatility (2) 10% discount At September 30, 2016 (Dollars in Thousands) Valuation Range/ Fair Value Technique Unobservable Input Weighted Ave. Impaired loans $ 19,429 Property appraisals (1) (3) Management discount for selling costs, property type and market volatility (2) 6% to 46% discount/10% Real estate owned $ 581 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 December 31, 2016 Carrying Fair Amount Value (Level 1) (Level 2) (Level 3) (Dollars in Thousands) Assets: Cash and cash equivalents $ 8,065 $ 8,065 $ 8,065 $ - $ - Certificate of deposits $ 1,853 $ 1,853 $ 1,853 - - Investment and mortgage-backed securities available for sale 132,636 132,636 99 132,537 - Investment and mortgage-backed securities held to maturity 44,741 43,038 - 43,038 - Loans receivable, net 349,494 349,733 - - 349,733 Accrued interest receivable 2,075 2,075 2,075 - - Federal Home Loan Bank stock 2,970 2,970 2,970 - - Bank owned life insurance 23,221 23,221 23,221 - - Interest rate swap contracts 531 531 - 531 - Liabilities: Checking accounts 41,815 41,815 41,815 - - Money market deposit accounts 53,510 53,510 53,510 - - Passbook, club and statement savings accounts 69,055 69,055 69,055 - - Certificates of deposit 243,835 245,639 - - 245,639 Advances from FHLB short-term 49,012 49,012 49,012 Advances from FHLB long-term 15,788 14,888 - - 14,888 Accrued interest payable 177 177 177 - - Advances from borrowers for taxes and insurance 2,513 2,513 2,513 - - Fair Value Measurements at September 30, 2016 Carrying Fair Amount Value (Level 1) (Level 2) (Level 3) (Dollars in Thousands) Assets: Cash and cash equivalents $ 12,440 $ 12,440 $ 12,440 $ - $ - Certificate of deposits 1,853 1,853 1,853 - - Investment and mortgage-backed securities available for sale 138,694 138,694 42 138,652 - Investment and mortgage-backed securities held to maturity 39,971 40,700 - 40,700 - Loans receivable, net 344,948 344,100 - - 344,100 Accrued interest receivable 1,928 1,928 1,928 - - Federal Home Loan Bank stock 2,463 2,463 2,463 - - Bank owned life insurance 13,055 13,055 13,055 - - Liabilities: Checking accounts 38,788 38,788 38,788 - - Money market deposit accounts 55,552 55,552 55,552 - - Passbook, club and statement savings accounts 70,924 70,924 70,924 - - Certificates of deposit 223,937 225,383 - - 225,383 Accrued interest payable 1,403 1,403 1,403 - - Advances from FHLB -short-term 20,000 20,000 - - 20,000 Advances from FHLB -long-term 30,638 30,222 - - 30,222 Advances from borrowers for taxes and insurance 1,748 1,748 1,748 - - Interest rate swap contracts 202 202 - 202 -

SUBSEQUENT EVENTS (Tables)

SUBSEQUENT EVENTS (Tables)	3 Months Ended
	Dec. 31, 2016
Subsequent Events [Abstract]
Pro Forma Selected Balance Sheet Items & Condensed Income Statement	Prudential Bancorp, Inc. and Polonia Bancorp Inc. Pro Forma Selected Balance Sheet Items (unaudited) (amounts in thousands) At December 31, 2016 2015 ASSETS Cash and due from financial institutions $ 32,829 $ 17,925 Securities held-to-maturity 44,741 100,531 Securities-available-for-sale 200,571 129,987 Loans, net of allowance 512,076 534,001 Premises and equipment, net 5,120 5,822 LIABILITIES Total Deposits 579,564 570,160 Federal Home Loan Bank advances 120,800 90,889 STOCKHOLDERS' EQUITY Stockholders' Equity 128,679 135,804 Prudential Bancorp, Inc. and Polonia Bancorp Inc. Pro Forma Condensed Income Statement (unaudited) (amounts in thousands, except share data) For Three Months Ended December 31, 2016 2015 Total interest and dividend income $ 6,696 $ 6,429 Total interest expense $ 1,535 $ 1,576 Net interest income $ 5,161 $ 4,853 Provision for loan losses $ 185 $ - Net interest income after provision for loan losses $ 4,976 $ 4,853 Total noninterest income $ 366 $ 411 Total noninterest expenses $ 7,892 (A) $ 5,103 (Loss) income before income taxes $ (2,550 ) $ 161 Income taxes (benefit) expense $ (370 ) $ 67 Net (loss) income $ (2,180 ) $ 94 Earnings per common share, basic $ (0.25 ) $ 0.01 Earnings per common share, diluted $ (0.24 ) $ 0.01 Basic shares outstanding 8,607,728 8,899,347 Diluted share outstanding 8,928,473 9,058,253 (A) Approximately $1.3 million was attributed to one-time merger related costs, for legal and professional fees, for the three months ended December 31, 2016.

SIGNIFICANT ACCOUNTING POLICI34

SIGNIFICANT ACCOUNTING POLICIES (Detail Textuals)	3 Months Ended
	Dec. 31, 2016BranchBanking_Office
Significant Accounting Policies [Line Items]
Number of full service branch offices | Branch	10
Number of branch offices	11
Philadelphia (Philadelphia County)
Significant Accounting Policies [Line Items]
Number of branch offices	9
Drexel Hill, Delaware County, Pennsylvania
Significant Accounting Policies [Line Items]
Number of branch offices	1
Huntingdon Valley, Montgomery County
Significant Accounting Policies [Line Items]
Number of branch offices	1

EARNINGS PER SHARE - Calculated

EARNINGS PER SHARE - Calculated basic and diluted earnings per share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Earnings per share - basic
Net income	$ 731	$ 413
Weighted average shares outstanding - basic	7,333,531	7,625,150
Effect of common stock equivalents - basic
Adjusted weighted average shares used in earnings per share computation - basic	7,333,531	7,625,150
Earnings per share - basic (in dollars per share)	$ 0.10	$ 0.05
Earnings per share - diluted
Net income	$ 731	$ 413
Weighted average shares outstanding - diluted	7,333,531	7,625,150
Effect of common stock equivalents - diluted	320,745	158,906
Adjusted weighted average shares used in earnings per share computation - diluted	7,654,276	7,784,056
Earnings per share - diluted (in dollars per share)	$ 0.10	$ 0.05

ACCUMULATED OTHER COMPREHENSI36

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) - Changes in accumulated other comprehensive income (loss) by component net of tax (Details) - USD ($) $ in Thousands		3 Months Ended
		Dec. 31, 2016	Dec. 31, 2015
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning Balance		$ 798
Total other comprehensive loss		(1,795)	$ (782)
Ending Balance		(997)
Unrealized gains (losses) on available for sale securities and interest rate swaps
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning Balance	[1]	798
Unrealized (loss) gains on available for sale securities	[1]	(2,279)
Unrealized gains on interest rate swaps	[1]	484
Total other comprehensive loss	[1]	(1,795)
Ending Balance	[1]	$ (997)
Unrealized gains (losses) on available for sale securities
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning Balance	[1]		18
Unrealized (loss) gains on available for sale securities	[1]		(782)
Unrealized gains on interest rate swaps
Total other comprehensive loss	[1]		(782)
Ending Balance	[1]		$ (764)
[1]	All amounts are net of tax. Amounts in parentheses indicate debits.

INVESTMENT AND MORTGAGE-BACKE37

INVESTMENT AND MORTGAGE-BACKED SECURITIES - Amortized cost and fair value of investment and mortgage-backed securities, with gross unrealized gains and losses (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Sep. 30, 2016
Securities Available for Sale:
Amortized Cost	$ 134,619	$ 137,222
Gross Unrealized Gains	285	1,593
Gross Unrealized Losses	(2,268)	(121)
Fair Value	132,636	138,694
Securities Held to Maturity:
Amortized Cost	44,741	39,971
Gross Unrealized Gains	642	858
Gross unrealized losses	(2,345)	(129)
Fair value	43,038	40,700
U.S. government and agency obligations
Securities Available for Sale:
Amortized Cost	20,989	20,988
Gross Unrealized Gains		36
Gross Unrealized Losses	(476)
Fair Value	20,513	21,024
Securities Held to Maturity:
Amortized Cost	33,499	33,499
Gross Unrealized Gains	282	399
Gross unrealized losses	(2,054)	(129)
Fair value	31,727	33,769
Mortgage-backed securities - US government agencies
Securities Available for Sale:
Amortized Cost	88,227	90,817
Gross Unrealized Gains	183	860
Gross Unrealized Losses	(1,347)	(102)
Fair Value	87,063	91,575
Securities Held to Maturity:
Amortized Cost	6,183	6,472
Gross Unrealized Gains	360	459
Gross unrealized losses	(36)
Fair value	6,507	6,931
Corporate bonds
Securities Available for Sale:
Amortized Cost	25,397	25,411
Gross Unrealized Gains	9	661
Gross Unrealized Losses	(445)	(19)
Fair Value	24,961	26,053
Debt securities available for sale
Securities Available for Sale:
Amortized Cost	134,613	137,216
Gross Unrealized Gains	192	1,557
Gross Unrealized Losses	(2,268)	(121)
Fair Value	132,537	138,652
FHLMC preferred stock
Securities Available for Sale:
Amortized Cost	6	6
Gross Unrealized Gains	93	36
Gross Unrealized Losses
Fair Value	99	$ 42
Municipal bonds
Securities Held to Maturity:
Amortized Cost	5,059
Gross Unrealized Gains
Gross unrealized losses	(255)
Fair value	$ 4,804

INVESTMENT AND MORTGAGE-BACKE38

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	Dec. 31, 2016	Sep. 30, 2016
Securities Available for Sale:
Less than 12 months - Gross Unrealized Losses	$ (2,089)	$ (69)
Less than 12 months - Fair value	111,529	20,453
More than 12 months - Gross Unrealized Losses	(179)	(52)
More than 12 months - Fair value	7,444	6,718
Gross Unrealized Losses - Total	(2,268)	(121)
Fair Value - Total	118,973	27,171
Securities Held to Maturity:
Less than 12 months - Gross Unrealized Losses	(2,345)	(129)
Less than 12 months - Fair value	37,859	20,371
More than 12 months - Gross Unrealized Losses
More than 12 months - Fair value
Gross Unrealized Losses -Total	(2,345)	(129)
Fair Value - Total	37,859	20,371
Less than 12 months - Gross Unrealized Losses	(4,434)	(198)
Less than 12 months - Fair Value	149,388	40,824
More than 12 months Gross Unrealized Losses	(179)	(52)
More than 12 months - Fair Value	7,444	6,718
Gross Unrealized Losses, Total	(4,613)	(250)
Fair Value - Total	156,832	47,542
U.S. government and agency obligations
Securities Available for Sale:
Less than 12 months - Gross Unrealized Losses	(476)	(50)
Less than 12 months - Fair value	20,513	16,498
More than 12 months - Gross Unrealized Losses		(52)
More than 12 months - Fair value		6,718
Gross Unrealized Losses - Total	(476)	(102)
Fair Value - Total	20,513	23,216
Securities Held to Maturity:
Less than 12 months - Gross Unrealized Losses	(2,054)	(129)
Less than 12 months - Fair value	31,727	20,371
More than 12 months - Gross Unrealized Losses
More than 12 months - Fair value
Gross Unrealized Losses -Total	(2,054)	(129)
Fair Value - Total	31,727	20,371
Mortgage-backed securities - US government agencies
Securities Available for Sale:
Less than 12 months - Gross Unrealized Losses	(1,168)	(19)
Less than 12 months - Fair value	66,064	3,955
More than 12 months - Gross Unrealized Losses	(179)
More than 12 months - Fair value	7,444
Gross Unrealized Losses - Total	(1,347)	(19)
Fair Value - Total	73,508	$ 3,955
Securities Held to Maturity:
Less than 12 months - Gross Unrealized Losses	(36)
Less than 12 months - Fair value	1,328
More than 12 months - Gross Unrealized Losses
More than 12 months - Fair value
Gross Unrealized Losses -Total	(36)
Fair Value - Total	1,328
Corporate bonds
Securities Available for Sale:
Less than 12 months - Gross Unrealized Losses	(445)
Less than 12 months - Fair value	24,952
More than 12 months - Gross Unrealized Losses
More than 12 months - Fair value
Gross Unrealized Losses - Total	(445)
Fair Value - Total	24,952
Municipal bonds
Securities Held to Maturity:
Less than 12 months - Gross Unrealized Losses	(255)
Less than 12 months - Fair value	4,804
More than 12 months - Gross Unrealized Losses
More than 12 months - Fair value
Gross Unrealized Losses -Total	(255)
Fair Value - Total	$ 4,804

INVESTMENT AND MORTGAGE-BACKE39

INVESTMENT AND MORTGAGE-BACKED SECURITIES - Amortized cost and fair value of debt securities, by contractual maturity (Details 2) $ in Thousands	Dec. 31, 2016USD ($)
Held to Maturity, Amortized Cost
Due after one through five years	$ 1,999
Due after five through ten years	12,022
Due after ten years	24,537
Total	38,558
Held to Maturity, Fair Value
Due after one through five years	2,151
Due after five through ten years	11,699
Due after ten years	22,681
Total	36,531
Available for Sale, Amortized Cost
Due after one through five years	2,057
Due after five through ten years	22,350
Due after ten years	21,979
Total	46,386
Available for Sale, Fair Value
Due after one through five years	2,023
Due after five through ten years	22,016
Due after ten years	21,435
Total	$ 45,474

INVESTMENT AND MORTGAGE-BACKE40

INVESTMENT AND MORTGAGE-BACKED SECURITIES (Detail Textuals)	Dec. 31, 2016Security
U.S. Government and agency obligations
Marketable Securities [Line Items]
Number of investment securities in debt obligations in the category of loss position less than 12 months held by company	6
Mortgage-backed securities - US government agencies
Marketable Securities [Line Items]
Number of investment securities in debt obligations in the category of loss position less than 12 months held by company	33
Number of investment securities in debt obligations in the category of loss position more than 12 months held by company	6
Corporate bonds
Marketable Securities [Line Items]
Number of investment securities in debt obligations in the category of loss position less than 12 months held by company	13
Municipal bonds
Marketable Securities [Line Items]
Number of investment securities in debt obligations in the category of loss position less than 12 months held by company	3

LOANS RECEIVABLE - Summary of L

LOANS RECEIVABLE - Summary of Loans receivable (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	$ 359,880	$ 351,891
Undisbursed portion of loans-in-process	(8,430)	(5,371)
Deferred loan costs	1,498	1,697
Allowance for loan losses	(3,454)	(3,269)	$ (2,919)	$ (2,930)
Net loans	349,494	344,948
One-to-four family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	225,375	233,531
Allowance for loan losses	(1,564)	(1,627)	(1,471)	(1,635)
Multi-family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	12,355	12,478
Allowance for loan losses	(135)	(137)	(58)	(66)
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	88,776	79,859
Allowance for loan losses	(963)	(859)	(359)	(231)
Construction and land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	27,023	21,839
Allowance for loan losses	(415)	(316)	(757)	(724)
Commercial business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans		99
Allowance for loan losses		(1)
Leases
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	4,436	3,286
Allowance for loan losses	(28)	(21)
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans	1,915	799
Allowance for loan losses	$ (35)	$ (10)	$ (8)	$ (5)

LOANS RECEIVABLE - Summary of42

LOANS RECEIVABLE - Summary of loans individually evaluated for impairment by loan segment (Details 1) - USD ($) $ in Thousands	Dec. 31, 2016	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015
Allowance for Loan Losses:
Individually evaluated for impairment
Collectively evaluated for impairment	3,454	3,269
Total ending allowance balance	3,454	3,269	$ 2,919	$ 2,930
Loans:
Individually evaluated for impairment	19,053	19,429
Collectively evaluated for impairment	340,827	332,462
Total loans	359,880	351,891
One-to-four family residential
Allowance for Loan Losses:
Individually evaluated for impairment
Collectively evaluated for impairment	1,564	1,627
Total ending allowance balance	1,564	1,627	1,471	1,635
Loans:
Individually evaluated for impairment	5,489	5,553
Collectively evaluated for impairment	219,886	227,978
Total loans	225,375	233,531
Multi-family residential
Allowance for Loan Losses:
Individually evaluated for impairment
Collectively evaluated for impairment	135	137
Total ending allowance balance	135	137	58	66
Loans:
Individually evaluated for impairment	331	335
Collectively evaluated for impairment	12,024	12,143
Total loans	12,355	12,478
Commercial real estate
Allowance for Loan Losses:
Individually evaluated for impairment
Collectively evaluated for impairment	963	859
Total ending allowance balance	963	859	359	231
Loans:
Individually evaluated for impairment	2,722	3,154
Collectively evaluated for impairment	86,054	76,705
Total loans	88,776	79,859
Construction and land development
Allowance for Loan Losses:
Individually evaluated for impairment
Collectively evaluated for impairment	415	316
Total ending allowance balance	415	316	757	724
Loans:
Individually evaluated for impairment	10,511	10,288
Collectively evaluated for impairment	16,512	11,551
Total loans	27,023	21,839
Commercial business
Allowance for Loan Losses:
Individually evaluated for impairment
Collectively evaluated for impairment		1
Total ending allowance balance		1
Loans:
Individually evaluated for impairment		99
Collectively evaluated for impairment
Total loans		99
Leases
Allowance for Loan Losses:
Individually evaluated for impairment
Collectively evaluated for impairment	28	21
Total ending allowance balance	28	21
Loans:
Individually evaluated for impairment
Collectively evaluated for impairment	4,436	3,286
Total loans	4,436	3,286
Consumer
Allowance for Loan Losses:
Individually evaluated for impairment
Collectively evaluated for impairment	35	10
Total ending allowance balance	35	10	8	5
Loans:
Individually evaluated for impairment
Collectively evaluated for impairment	1,915	799
Total loans	1,915	799
Unallocated
Allowance for Loan Losses:
Individually evaluated for impairment
Collectively evaluated for impairment	314	298
Total ending allowance balance	$ 314	$ 298	$ 266	$ 269

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	Dec. 31, 2016	Sep. 30, 2016
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	19,053	19,429
Total Impaired Loans - Recorded Investment	19,053	19,429
Total impaired loans - Unpaid Principal Balance	19,282	19,745
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	5,489	5,553
Total Impaired Loans - Recorded Investment	5,489	5,553
Total impaired loans - Unpaid Principal Balance	5,718	5,869
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	331	335
Total Impaired Loans - Recorded Investment	331	335
Total impaired loans - Unpaid Principal Balance	331	335
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	2,722	3,154
Total Impaired Loans - Recorded Investment	2,722	3,154
Total impaired loans - Unpaid Principal Balance	2,722	3,154
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	10,511	10,288
Total Impaired Loans - Recorded Investment	10,511	10,288
Total impaired loans - Unpaid Principal Balance	$ 10,511	10,288
Commercial loans
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		99
Total Impaired Loans - Recorded Investment		99
Total impaired loans - Unpaid Principal Balance		$ 99

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
	Dec. 31, 2016	Dec. 31, 2015
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	$ 19,191	$ 17,603
Income Recognized on Accrual Basis	40	186
Income Recognized on Cash Basis	35	36
One-to-four family residential
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	5,522	4,455
Income Recognized on Accrual Basis	17	31
Income Recognized on Cash Basis	24	23
Multi-family residential
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	332	351
Income Recognized on Accrual Basis	6	6
Income Recognized on Cash Basis
Commercial real estate
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	2,938	3,740
Income Recognized on Accrual Basis	17	24
Income Recognized on Cash Basis	11	13
Construction and land development
Financing Receivable, Impaired [Line Items]
Average Recorded Investment	10,399	9,057
Income Recognized on Accrual Basis		125
Income Recognized on Cash Basis

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	Dec. 31, 2016	Sep. 30, 2016
Financing Receivable, Recorded Investment [Line Items]
Total Loans	$ 359,880	$ 351,891
One-to-four family residential
Financing Receivable, Recorded Investment [Line Items]
Total Loans	225,375	233,531
Multi-family residential
Financing Receivable, Recorded Investment [Line Items]
Total Loans	12,355	12,478
Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Total Loans	88,776	79,859
Construction and land development
Financing Receivable, Recorded Investment [Line Items]
Total Loans	27,023	21,839
Commercial business
Financing Receivable, Recorded Investment [Line Items]
Total Loans		99
Consumer
Financing Receivable, Recorded Investment [Line Items]
Total Loans	1,915	799
Risk Rating System
Financing Receivable, Recorded Investment [Line Items]
Total Loans	130,732	117,168
Risk Rating System | One-to-four family residential
Financing Receivable, Recorded Investment [Line Items]
Total Loans	2,578	2,893
Risk Rating System | Multi-family residential
Financing Receivable, Recorded Investment [Line Items]
Total Loans	12,355	12,478
Risk Rating System | Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Total Loans	88,776	79,859
Risk Rating System | Construction and land development
Financing Receivable, Recorded Investment [Line Items]
Total Loans	27,023	21,839
Risk Rating System | Commercial business
Financing Receivable, Recorded Investment [Line Items]
Total Loans		99
Risk Rating System | Pass
Financing Receivable, Recorded Investment [Line Items]
Total Loans	113,652	99,979
Risk Rating System | Pass | One-to-four family residential
Financing Receivable, Recorded Investment [Line Items]
Total Loans
Risk Rating System | Pass | Multi-family residential
Financing Receivable, Recorded Investment [Line Items]
Total Loans	12,025	12,144
Risk Rating System | Pass | Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Total Loans	85,115	76,185
Risk Rating System | Pass | Construction and land development
Financing Receivable, Recorded Investment [Line Items]
Total Loans	16,512	11,551
Risk Rating System | Pass | Commercial business
Financing Receivable, Recorded Investment [Line Items]
Total Loans		99
Risk Rating System | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total Loans	3,480	2,624
Risk Rating System | Special Mention | One-to-four family residential
Financing Receivable, Recorded Investment [Line Items]
Total Loans	1,670	1,681
Risk Rating System | Special Mention | Multi-family residential
Financing Receivable, Recorded Investment [Line Items]
Total Loans	330
Risk Rating System | Special Mention | Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Total Loans	1,480	943
Risk Rating System | Special Mention | Construction and land development
Financing Receivable, Recorded Investment [Line Items]
Total Loans
Risk Rating System | Special Mention | Commercial business
Financing Receivable, Recorded Investment [Line Items]
Total Loans
Risk Rating System | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total Loans	13,600	14,565
Risk Rating System | Substandard | One-to-four family residential
Financing Receivable, Recorded Investment [Line Items]
Total Loans	908	1,212
Risk Rating System | Substandard | Multi-family residential
Financing Receivable, Recorded Investment [Line Items]
Total Loans		334
Risk Rating System | Substandard | Commercial real estate
Financing Receivable, Recorded Investment [Line Items]
Total Loans	2,181	2,731
Risk Rating System | Substandard | Construction and land development
Financing Receivable, Recorded Investment [Line Items]
Total Loans	$ 10,511	10,288
Risk Rating System | Substandard | Commercial business
Financing Receivable, Recorded Investment [Line Items]
Total Loans

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	Dec. 31, 2016	Sep. 30, 2016
Financing Receivable, Recorded Investment [Line Items]
Total Loans	$ 359,880	$ 351,891
One-to-four family residential
Financing Receivable, Recorded Investment [Line Items]
Total Loans	225,375	233,531
Leases
Financing Receivable, Recorded Investment [Line Items]
Total Loans	4,436	3,286
Consumer
Financing Receivable, Recorded Investment [Line Items]
Total Loans	1,915	799
Non Risk Rating System
Financing Receivable, Recorded Investment [Line Items]
Total Loans	229,148	234,723
Non Risk Rating System | One-to-four family residential
Financing Receivable, Recorded Investment [Line Items]
Total Loans	222,797	230,638
Non Risk Rating System | Leases
Financing Receivable, Recorded Investment [Line Items]
Total Loans	4,436	3,286
Non Risk Rating System | Consumer
Financing Receivable, Recorded Investment [Line Items]
Total Loans	1,915	799
Non Risk Rating System | Performing
Financing Receivable, Recorded Investment [Line Items]
Total Loans	224,910	230,479
Non Risk Rating System | Performing | One-to-four family residential
Financing Receivable, Recorded Investment [Line Items]
Total Loans	218,559	226,394
Non Risk Rating System | Performing | Leases
Financing Receivable, Recorded Investment [Line Items]
Total Loans	4,436	3,286
Non Risk Rating System | Performing | Consumer
Financing Receivable, Recorded Investment [Line Items]
Total Loans	1,915	799
Non Risk Rating System | Nonperforming
Financing Receivable, Recorded Investment [Line Items]
Total Loans	4,238	4,244
Non Risk Rating System | Nonperforming | One-to-four family residential
Financing Receivable, Recorded Investment [Line Items]
Total Loans	4,238	4,244
Non Risk Rating System | Nonperforming | Leases
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	Dec. 31, 2016	Sep. 30, 2016
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	$ 344,686	$ 335,630
90 Days+ Past Due and Accruing
Total Past Due and Accruing	1,360	1,860
Total Loans	359,880	351,891
Non- Accrual	16,095	15,878
30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	1,360	1,860
90 Days + Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	13,835	14,401
One-to-four family residential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	222,408	228,904
90 Days+ Past Due and Accruing
Total Past Due and Accruing	989	1,860
Total Loans	225,375	233,531
Non- Accrual	4,238	4,244
One-to-four family residential | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	989	1,860
One-to-four family residential | 90 Days + Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	1,978	2,767
Multi-family residential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	12,355	12,478
90 Days+ Past Due and Accruing
Total Past Due and Accruing
Total Loans	12,355	12,478
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	87,192	78,513
90 Days+ Past Due and Accruing
Total Past Due and Accruing	238
Total Loans	88,776	79,859
Non- Accrual	1,346	1,346
Commercial real estate | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	238
Commercial real estate | 90 Days + Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	1,346	1,346
Construction and land development
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	16,513	11,551
90 Days+ Past Due and Accruing
Total Past Due and Accruing
Total Loans	27,023	21,839
Non- Accrual	10,511	10,288
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	10,511	10,288
Commercial business
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current		99
90 Days+ Past Due and Accruing
Total Past Due and Accruing
Total Loans		99
Non- Accrual
Commercial business | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current
Commercial business | 90 Days + Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current
Leases
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	4,303	3,286
90 Days+ Past Due and Accruing
Total Past Due and Accruing	133
Total Loans	4,436	3,286
Non- Accrual
Leases | 30-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	133
Leases | 90 Days + Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current
Consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	1,915	799
90 Days+ Past Due and Accruing
Total Past Due and Accruing
Total Loans	1,915	799
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
	Dec. 31, 2016	Dec. 31, 2015
Allowance for Loan and Lease Losses [Roll Forward]
ALLL balance	$ 3,269	$ 2,930
Charge-offs		(11)
Recoveries
Provision	185
ALLL balance	3,454	2,919
One- to four-family residential
Allowance for Loan and Lease Losses [Roll Forward]
ALLL balance	1,627	1,635
Charge-offs		(11)
Recoveries
Provision	(63)	(153)
ALLL balance	1,564	1,471
Multi-family residential
Allowance for Loan and Lease Losses [Roll Forward]
ALLL balance	137	66
Charge-offs
Recoveries
Provision	(2)	(8)
ALLL balance	135	58
Commercial real estate
Allowance for Loan and Lease Losses [Roll Forward]
ALLL balance	859	231
Charge-offs
Recoveries
Provision	104	128
ALLL balance	963	359
Construction and land development
Allowance for Loan and Lease Losses [Roll Forward]
ALLL balance	316	724
Charge-offs
Recoveries
Provision	99	33
ALLL balance	415	757
Commercial business
Allowance for Loan and Lease Losses [Roll Forward]
ALLL balance	1
Charge-offs
Recoveries
Provision	(1)
ALLL balance
Leases
Allowance for Loan and Lease Losses [Roll Forward]
ALLL balance	21
Charge-offs
Recoveries
Provision	7
ALLL balance	28
Consumer
Allowance for Loan and Lease Losses [Roll Forward]
ALLL balance	10	5
Charge-offs
Recoveries
Provision	25	3
ALLL balance	35	8
Unallocated
Allowance for Loan and Lease Losses [Roll Forward]
ALLL balance	298	269
Charge-offs
Recoveries
Provision	16	(3)
ALLL balance	$ 314	$ 266

LOANS RECEIVABLE - Troubled deb

LOANS RECEIVABLE - Troubled debt restructurings (Details 8) $ in Thousands	3 Months Ended
	Dec. 31, 2016USD ($)Loan	Dec. 31, 2015USD ($)Loan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Loans | Loan	10	1
Pre-Modification Outstanding Recorded Investment	$ 7,500	$ 482,000
Post-Modification Outstanding Recorded Investment		$ 482,000
One-to-four family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Loans | Loan		1
Pre-Modification Outstanding Recorded Investment		$ 482,000
Post-Modification Outstanding Recorded Investment		$ 482,000

LOANS RECEIVABLE (Detail Textua

LOANS RECEIVABLE (Detail Textuals)	3 Months Ended
	Dec. 31, 2016USD ($)Loan	Dec. 31, 2015USD ($)Loan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Provision for loan losses	$ 185,000
Number of Loans | Loan	10	1
Pre-Modification Outstanding Recorded Investment	$ 7,500,000	$ 482,000,000
Over 90 days past due
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Loans | Loan	2
Pre-Modification Outstanding Recorded Investment	$ 4,800,000
Nonperforming
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of Loans | Loan	3
Pre-Modification Outstanding Recorded Investment	$ 5,500,000
One- to four-family residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Provision for loan losses	(63,000)	$ (153,000)
Number of Loans | Loan		1
Pre-Modification Outstanding Recorded Investment		$ 482,000,000
One- to four-family residential | Nonperforming
Accounts, Notes, Loans and Financing Receivable [Line Items]
Pre-Modification Outstanding Recorded Investment	$ 1,400,000
Number of loans default | Loan	1
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Provision for loan losses	$ 104,000	128,000
Number of loans default | Loan	1
Amount of loan defaullt	$ 730,000
Construction and land development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Provision for loan losses	$ 99,000	$ 33,000
Number of loans default | Loan	1
Amount of loan defaullt	$ 3,400,000

DEPOSITS - Major classification

DEPOSITS - Major classifications of deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Sep. 30, 2016
Amount
Money market deposit accounts	$ 53,510	$ 55,552
Interest-bearing checking accounts	38,220	34,984
Non interest-bearing checking accounts	3,595	3,804
Passbook, club and statement savings	69,055	70,924
Certificates maturing in six months or less	95,516	97,418
Certificates maturing in more than six months	148,319	126,519
Total deposits	$ 408,215	$ 389,201
Percent
Money market deposit accounts	13.10%	14.30%
Interest-bearing checking accounts	9.40%	9.30%
Non interest-bearing checking accounts	0.90%	0.70%
Passbook, club and statement savings	16.90%	18.20%
Certificates maturing in six months or less	23.40%	25.00%
Certificates maturing in more than six months	36.30%	32.50%
Total	100.00%	100.00%

DEPOSITS (Detail Textuals)

DEPOSITS (Detail Textuals) - USD ($) $ in Millions	Dec. 31, 2016	Sep. 30, 2016
Deposits [Abstract]
Certificates of $250,000 and over	$ 18	$ 17

ADVANCES FROM FEDERAL HOME LO53

ADVANCES FROM FEDERAL HOME LOAN BANK (Details) $ in Thousands	3 Months Ended
	Dec. 31, 2016USD ($)
Federal Home Loan Bank, Advances [Line Items]
Amount	$ 64,800
Coupon	0.82%	[1]
Fixed Rate -Advance Maturity Date 3-Jan-17
Federal Home Loan Bank, Advances [Line Items]
Maturity Date	Jan. 3, 2017
Amount	$ 15,000
Coupon	0.74%
Call Date	Not Applicable
Fixed Rate -Advance Maturity Date 6-Jan-17
Federal Home Loan Bank, Advances [Line Items]
Maturity Date	Jan. 6, 2017
Amount	$ 10,000
Coupon	0.65%
Call Date	Not Applicable
Fixed Rate -Advance Maturity Date 13-Jan-17
Federal Home Loan Bank, Advances [Line Items]
Maturity Date	Jan. 13, 2017
Amount	$ 10,000
Coupon	0.80%
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	1.02%
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	$ 2,012
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	$ 4,043
Coupon	1.53%
Call Date	Not Applicable
Fixed Rate -Advance Maturity Date 27-Jul-20
Federal Home Loan Bank, Advances [Line Items]
Maturity Date	Jul. 27, 2020
Amount	$ 249
Coupon	1.38%
Call Date	Not Applicable
Fixed Rate -Advance Maturity Date 27-Jul-21
Federal Home Loan Bank, Advances [Line Items]
Maturity Date	Jul. 27, 2021
Amount	$ 249
Coupon	1.52%
Call Date	Not Applicable
Fixed Rate -Advance Maturity Date 28-Jul-21
Federal Home Loan Bank, Advances [Line Items]
Maturity Date	Jul. 28, 2021
Amount	$ 249
Coupon	1.48%
Call Date	Not Applicable
Fixed Rate -Advance Maturity Date 29-Jul-21
Federal Home Loan Bank, Advances [Line Items]
Maturity Date	Jul. 29, 2021
Amount	$ 249
Coupon	1.42%
Call Date	Not Applicable
Fixed Rate -Advance Maturity Date 19-Aug-21
Federal Home Loan Bank, Advances [Line Items]
Maturity Date	Aug. 19, 2021
Amount	$ 249
Coupon	1.55%
Call Date	Not Applicable
[1]	Weighted average coupon rate.

DERIVATIVES (Details)

DERIVATIVES (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016
Derivative [Line Items]
Unrealized gain	$ 531	$ 202
Interest rate swap
Derivative [Line Items]
Notional amount	$ 10,000	$ 10,000
Pay rate	1.15%	1.15%
Receive rate	1 Month Libor	1 Mth Libor
Maturity date	Apr. 6, 2021	Apr. 6, 2021
Unrealized gain	$ 225	$ 92
Interest rate swap one
Derivative [Line Items]
Notional amount	$ 10,000	$ 10,000
Pay rate	1.18%	1.18%
Receive rate	1 Month Libor	1 Mth Libor
Maturity date	Jun. 13, 2021	Jun. 13, 2021
Unrealized gain	$ 235	$ 103
Interest rate swap two
Derivative [Line Items]
Notional amount	$ 1,100	$ 1,100
Pay rate	4.10%	4.10%
Receive rate	1 Month Libor +276 bp	1 Mth Libor +276 bp
Maturity date	Aug. 1, 2026	Aug. 1, 2026
Unrealized gain	$ 71	$ 7

DERIVATIVES (Detail Textuals)

DERIVATIVES (Detail Textuals) $ in Millions	Dec. 31, 2016USD ($)
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Interest rate swap agreements outstanding amount	$ 21.1

INCOME TAXES - Items that gave

INCOME TAXES - Items that gave rise to significant portions of deferred income taxes (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Sep. 30, 2016
Deferred tax assets:
Allowance for loan losses	$ 1,334	$ 1,289
Nonaccrual interest	230	163
Accrued vacation	12	13
Capital loss carryforward	378	378
Split dollar life insurance	18	18
Post-retirement benefits	95	96
Unrealized losses on available for sale securities	674
Unrealized losses on interest rate swaps		69
Employee benefit plans	415	434
Total deferred tax assets	3,156	2,460
Valuation allowance	(378)	(378)
Total deferred tax assets, net of valuation allowance	2,778	2,082
Deferred tax liabilities:
Property	477	423
Unrealized gains on available for sale securities		500
Unrealized gains on interest rate swaps	180
Miscellaneous	12	12
Deferred loan fees	514	578
Total deferred tax liabilities	1,183	1,513
Net deferred tax assets	$ 1,595	$ 569

INCOME TAXES (Detail Textuals)

INCOME TAXES (Detail Textuals) - USD ($) $ in Thousands	Dec. 31, 2016	Sep. 30, 2016
Income Tax Disclosure [Abstract]
Valuation allowance	$ 378	$ 378

STOCK COMPENSATION PLANS - Summ

STOCK COMPENSATION PLANS - Summary of non-vested stock award activity (Details) - $ / shares	1 Months Ended	3 Months Ended
	Aug. 31, 2016	Dec. 31, 2016	Dec. 31, 2015
Number of Shares
Granted	12,500
2008 Recognition and Retention Plan ("2008 RRP")
Number of Shares
Granted	7,473
2008 Recognition and Retention Plan ("2008 RRP") | Nonvested Stock Awards
Number of Shares
Nonvested stock awards at October 1		172,788	241,428
Granted
Forfeited			(7,746)
Vested
Nonvested stock awards at the December 31		172,788	233,682
Weighted Average Grant Date Fair Value
Nonvested stock awards at October 1		$ 12.03	$ 11.74
Granted
Forfeited			11.50
Vested
Nonvested stock awards at the December 31		$ 12.03	$ 11.75

STOCK COMPENSATION PLANS - Su59

STOCK COMPENSATION PLANS - Summary of status of stock options under Stock Option Plan (Details 1) - Stock Options Plan - Stock Options - $ / shares	3 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Number of Shares
Outstanding at October 1	921,909	1,074,430
Granted
Exercised
Forfeited		(25,166)
Outstanding at December 31	921,909	1,049,264
Exercisable at December 31	467,397	440,976
Weighted Average Exercise Price
Outstanding at October 1	$ 11.70	$ 11.92
Granted
Exercised
Forfeited		11.59
Outstanding at December 31	11.70	11.93
Exercisable at December 31	$ 11.40	$ 11.42

STOCK COMPENSATION PLANS (Detai

STOCK COMPENSATION PLANS (Detail Textuals) - USD ($)	1 Months Ended	3 Months Ended			12 Months Ended
	Jan. 31, 2014	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2013	Sep. 05, 2005	Sep. 30, 2016
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
ESOP shares allocated to participant's accounts		8,879	8,879
Compensation expense of ESOP		$ 139,000	$ 130,000
Number of treasury share purchased		1,499,265				1,499,265
Amount allocated to purchase treasury stock		$ 21,098,000				$ 21,098,000
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
ESOP shares allocated to participant's accounts		243,734
Additional ESOP shares allocated to participant's accounts		35,517
Compensation expense of ESOP		$ 139,000	$ 130,000
Number of treasury share purchased		303,115
Amount allocated to purchase treasury stock		$ 5,200,000
Number of shares alloted to remaining participants		115,000

STOCK COMPENSATION PLANS (Det61

STOCK COMPENSATION PLANS (Detail Textuals 1) - USD ($)	1 Months Ended		3 Months Ended
	Aug. 31, 2016	Feb. 28, 2015	Dec. 31, 2016	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period of awards granted	5 years
Number of shares granted	12,500
Recognized compensation expense				$ 136,000
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
Percentage of vesting per year			20.00%
Vesting period of awards granted			5 years
Number of shares granted	7,473
2014 Stock Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted	3,027
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		45,000
Maximum number of shares awarded under the plan		285,655
Number of shares granted		233,500
2008 RRP and 2014 SIP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares purchased by RRP trust		608,737
Recognized compensation expense			$ 89,000	84,000
Income tax benefit realized			$ 46,000	$ 44,000

STOCK COMPENSATION PLANS (Det62

STOCK COMPENSATION PLANS (Detail Textuals 2) - USD ($)	1 Months Ended		3 Months Ended		12 Months Ended
	Aug. 31, 2016	Feb. 28, 2015	Dec. 31, 2016	Dec. 31, 2015	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2010	Sep. 30, 2009
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period of options	5 years
Number of shares granted	12,500
Weighted average remaining contractual term for options outstanding			4 years 9 months 18 days
Estimated fair value of options granted per share					$ 2.13	$ 4.58	$ 4.67	$ 3.35	$ 2.92	$ 2.98
Fair value, valuation method					Black-Scholes pricing model	Black-Scholes pricing model
Exercise price and fair value					$ 14.42	$ 12.23
Expected term					7 years	7 years
Volatility rate					13.82%	38.16%
Expected interest rate					1.36%	1.62%
Expected yield					0.80%	0.98%
Recognized compensation expense				$ 136,000
Tax benefit from stock-based compensation				15,000
Unrecognized compensation expense for options			$ 1,500,000
Weighted average period for expense recognize			3 years 3 months 18 days
2008 Stock Option Plan (the "2008 Option Plan") | Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of vesting and exercisable per year			20.00%
Vesting period of options			5 years
Exercisable period of options after grant date			10 years
Number of common stock available for issuance			533,808
Number of vested options			467,758
Number of shares purchased for award		608,737
Number of shares granted	27,500
2014 Stock Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted	3,027
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
Number of shares purchased for award		605,000
Number of shares granted	8,633
2008 RRP and 2014 SIP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares purchased for award		608,737
Recognized compensation expense			$ 89,000	84,000
Unrecognized compensation expense for options			1,500,000	$ 2,300,000
2008 Option Plan and 2014 SIP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares granted	18,867
Recognized compensation expense			130,000
Tax benefit from stock-based compensation			$ 16,000

COMMITMENTS AND CONTINGENT LI63

COMMITMENTS AND CONTINGENT LIABILITIES (Detail Textuals) - USD ($)	3 Months Ended	12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Outstanding commitments	$ 31,000
Aggregate undisbursed portion of loans-in-process	8,430,000	$ 5,371,000
Loan Origination Commitments
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Outstanding commitments	20,200,000	9,900,000
Aggregate undisbursed portion of loans-in-process	$ 8,300,000	$ 5,400,000
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%	3.75%
Loan Origination Commitments | Maximum
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Market interest rate on fixed and variable rate loans	4.75%	5.00%
Unused lines of Credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Outstanding commitments	$ 2,900,000	$ 3,300,000
Letters of Credit
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Outstanding commitments	$ 1,500,000	$ 1,900,000

FAIR VALUE MEASUREMENT - Assets

FAIR VALUE MEASUREMENT - Assets measured at fair value on recurring basis (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Sep. 30, 2016
Assets:
Investment and mortgage-backed securities available for sale	$ 132,636	$ 138,694
Level 1
Assets:
Investment and mortgage-backed securities available for sale	99	42
Level 2
Assets:
Investment and mortgage-backed securities available for sale	132,537	138,652
Level 3
Assets:
Investment and mortgage-backed securities available for sale
U.S. Government and agency obligations
Assets:
Investment and mortgage-backed securities available for sale	20,513	21,024
Mortgage-backed securities - U.S. Government agencies
Assets:
Investment and mortgage-backed securities available for sale	87,063	91,575
Corporate bonds
Assets:
Investment and mortgage-backed securities available for sale	24,961	26,053
FHLMC preferred stock
Assets:
Investment and mortgage-backed securities available for sale	99	42
Fair Value, Measurements, Recurring
Assets:
Investment and mortgage-backed securities available for sale	132,636	138,694
Liabilities
Liabilities, total		202
Fair Value, Measurements, Recurring | Level 1
Assets:
Investment and mortgage-backed securities available for sale	99	42
Liabilities
Liabilities, total
Fair Value, Measurements, Recurring | Level 2
Assets:
Investment and mortgage-backed securities available for sale	132,537	138,652
Liabilities
Liabilities, total		202
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	20,513	21,024
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	20,513	21,024
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	87,063	91,575
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	87,063	91,575
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	24,961	26,053
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	24,961	26,053
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	99	42
Fair Value, Measurements, Recurring | FHLMC preferred stock | Level 1
Assets:
Investment and mortgage-backed securities available for sale	99	42
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
Assets:
Investment and mortgage-backed securities available for sale	531
Liabilities
Liabilities, total		202
Fair Value, Measurements, Recurring | Interest rate swap contracts | Level 1
Assets:
Investment and mortgage-backed securities available for sale
Liabilities
Liabilities, total
Fair Value, Measurements, Recurring | Interest rate swap contracts | Level 2
Assets:
Investment and mortgage-backed securities available for sale	531
Liabilities
Liabilities, total		202
Fair Value, Measurements, Recurring | Interest rate swap contracts | Level 3
Assets:
Investment and mortgage-backed securities available for sale
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	Dec. 31, 2016	Sep. 30, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	$ 19,053	$ 19,429
Real estate owned	585	581
Total	19,638	20,010
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
Total
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired loans	19,053	19,429
Real estate owned	585	581
Total	$ 19,638	$ 20,010

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		3 Months Ended	12 Months Ended
		Dec. 31, 2016	Sep. 30, 2016
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair Value		$ 19,638	$ 20,010
Level 3
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair Value		19,638	20,010
Level 3 | Impaired loan | Property Appraisals Valuation Technique
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Fair Value		$ 19,053	$ 19,429
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
Level 3 | Impaired loan | Property Appraisals Valuation Technique | Minimum
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Management discount rate		6.00%	6.00%
Level 3 | Impaired loan | Property Appraisals Valuation Technique | Maximum
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Management discount rate		46.00%	46.00%
Level 3 | Impaired loan | Property Appraisals Valuation Technique | Weighted Average
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
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		$ 585	$ 581
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
Level 3 | Real estate owned | Property Appraisals Valuation Technique | Weighted Average
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
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 - Asse67

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	Dec. 31, 2016	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015
Assets:
Cash and cash equivalents	$ 8,065	$ 12,440	$ 5,751	$ 11,272
Certificates of deposit	1,853	1,853
Investment and mortgage-backed securities available for sale	132,636	138,694
Investment and mortgage-backed securities held to maturity	44,741	39,971
Loans receivable, net	349,494	344,948
Accrued interest receivable	2,075	1,928
Federal Home Loan Bank stock	2,970	2,463
Bank owned life insurance	23,221	13,055
Interest rate swap contracts	531
Liabilities:
Checking accounts	41,815	38,788
Money market deposit accounts	53,510	55,552
Passbook, club and statement savings accounts	69,055	70,924
Certificates of deposit	243,835	223,937
Advances from FHLB short-term	49,012	20,000
Advances from FHLB long-term	15,788	30,638
Accrued interest payable	177	1,403
Advances from borrowers for taxes and insurance	2,513	1,748
Interest rate swap contracts		202
Fair Value
Assets:
Cash and cash equivalents	8,065	12,440
Certificates of deposit	1,853	1,853
Investment and mortgage-backed securities available for sale	132,636	138,694
Investment and mortgage-backed securities held to maturity	43,038	40,700
Loans receivable, net	349,733	344,100
Accrued interest receivable	2,075	1,928
Federal Home Loan Bank stock	2,970	2,463
Bank owned life insurance	23,221	13,055
Interest rate swap contracts	531
Liabilities:
Checking accounts	41,815	38,788
Money market deposit accounts	53,510	55,552
Passbook, club and statement savings accounts	69,055	70,924
Certificates of deposit	245,639	225,383
Advances from FHLB short-term	49,012	20,000
Advances from FHLB long-term	14,888	30,222
Accrued interest payable	177	1,403
Advances from borrowers for taxes and insurance	2,513	1,748
Interest rate swap contracts		202
Level 1
Assets:
Cash and cash equivalents	8,065	12,440
Certificates of deposit	1,853	1,853
Investment and mortgage-backed securities available for sale	99	42
Investment and mortgage-backed securities held to maturity
Loans receivable, net
Accrued interest receivable	2,075	1,928
Federal Home Loan Bank stock	2,970	2,463
Bank owned life insurance	23,221	13,055
Interest rate swap contracts
Liabilities:
Checking accounts	41,815	38,788
Money market deposit accounts	53,510	55,552
Passbook, club and statement savings accounts	69,055	70,924
Certificates of deposit
Advances from FHLB short-term
Advances from FHLB long-term
Accrued interest payable	177	1,403
Advances from borrowers for taxes and insurance	2,513	1,748
Interest rate swap contracts
Level 2
Assets:
Cash and cash equivalents
Certificates of deposit
Investment and mortgage-backed securities available for sale	132,537	138,652
Investment and mortgage-backed securities held to maturity	43,038	40,700
Loans receivable, net
Accrued interest receivable
Federal Home Loan Bank stock
Bank owned life insurance
Interest rate swap contracts	531
Liabilities:
Checking accounts
Money market deposit accounts
Passbook, club and statement savings accounts
Certificates of deposit
Advances from FHLB short-term
Advances from FHLB long-term
Accrued interest payable
Advances from borrowers for taxes and insurance
Interest rate swap contracts		202
Level 3
Assets:
Cash and cash equivalents
Certificates of deposit
Investment and mortgage-backed securities available for sale
Investment and mortgage-backed securities held to maturity
Loans receivable, net	349,733	344,100
Accrued interest receivable
Federal Home Loan Bank stock
Bank owned life insurance
Interest rate swap contracts
Liabilities:
Checking accounts
Money market deposit accounts
Passbook, club and statement savings accounts
Certificates of deposit	245,639	225,383
Advances from FHLB short-term	49,012	20,000
Advances from FHLB long-term	14,888	30,222
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	Dec. 31, 2016USD ($)
Level 2
Financing Receivable, Impaired [Line Items]
Collateral dependent impaired loans, fair value	$ 19.1

SUBSEQUENT EVENTS - Pro Forma S

SUBSEQUENT EVENTS - Pro Forma Selected Balance Sheet Items (unaudited) (Details) - Polonia Bancorp - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
ASSETS
Cash and due from financial institutions	$ 32,829	$ 17,925
Securities held-to-maturity	44,741	100,531
Securities-available-for-sale	200,571	129,987
Loans, net of allowance	512,076	534,001
Premises and equipment, net	5,120	5,822
LIABILITIES
Total Deposits	579,564	570,160
Federal Home Loan Bank advances	120,800	90,889
STOCKHOLDERS' EQUITY
Stockholders' Equity	$ 128,679	$ 135,804

SUBSEQUENT EVENTS - Pro Forma C

SUBSEQUENT EVENTS - Pro Forma Condensed Income Statement (unaudited) (Details 1) - Polonia Bancorp - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Dec. 31, 2016		Dec. 31, 2015
Subsequent Event [Line Items]
Total interest and dividend income	$ 6,696		$ 6,429
Total interest expense	1,535		1,576
Net interest income	5,161		4,853
Provision for loan losses	185
Net interest income after provision for loan losses	4,976		4,853
Total noninterest income	366		411
Total noninterest expenses	7,892	[1]	5,103
(Loss) income before income taxes	(2,550)		161
Income taxes (benefit) expense	(370)		67
Net (loss) income	$ (2,180)		$ 94
Earnings per common share, basic	$ (0.25)		$ 0.01
Earnings per common share, diluted	$ (0.24)		$ 0.01
Basic shares outstanding	8,607,728		8,899,347
Diluted share outstanding	8,928,473		9,058,253
[1]	Approximately $1.3 million was attributed to one-time merger related costs, for legal and professional fees, for the three months ended December 31, 2016.

SUBSEQUENT EVENTS (Detail Textu

SUBSEQUENT EVENTS (Detail Textuals) $ / shares in Units, $ in Thousands	Jan. 03, 2017USD ($)BranchEntity$ / sharesshares	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)
Subsequent Event [Line Items]
One time merger related costs		$ 1,300
Polonia Bancorp
Subsequent Event [Line Items]
Amount of loan in buiness aquisition		120,800	$ 90,889
Total deposit in business combination		$ 579,564	$ 570,160
Subsequent Event | Merger Agreement | Polonia Bancorp
Subsequent Event [Line Items]
Share price | $ / shares	$ 11.09
Exchange Ratio	0.7460
Percentage stock consideration in business aquisition	50.00%
Percentage cash consideration in business aquisition	50.00%
Number of shares issued in business combination | shares	1,274,200
Value of stock issued in merger	$ 18,900
Assets acquired in merger	838,900
Amount of loan in buiness aquisition	508,800
Total deposit in business combination	$ 563,700
Number of Businesses Acquired | Entity	2
Number of branches used to deposit cash of business transaction | Branch	11