Hanover Bancorp (HNVR) 10-Q 2 Jun 21 2021 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Mar. 31, 2021	May 19, 2021
Cover [Abstract]
Entity Registrant Name	Hanover Bancorp, Inc. /NY
Entity Central Index Key	0001828588
Current Fiscal Year End Date	--09-30
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
Entity Address, State or Province	NY
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		4,194,890

CONSOLIDATED STATEMENTS OF FINA

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION - USD ($) $ in Thousands	Mar. 31, 2021	Sep. 30, 2020
Assets
Cash and non-interest-bearing deposits due from banks	$ 5,227	$ 6,239
Interest-bearing deposits due from banks	72,220	73,970
Federal funds sold	82	0
Total cash and cash equivalents	77,529	80,209
Securities:
Held to maturity (fair value of $9,777 and $11,131, respectively)	9,470	10,727
Available for sale, at fair value	7,801	6,035
Total securities	17,271	16,762
Loans held for sale	893	0
Loans held for investment	763,596	725,019
Allowance for loan losses	(8,179)	(7,869)
Loans held for investment, net	755,417	717,150
Premises and equipment, net	14,328	14,156
Accrued interest receivable	6,490	6,766
Prepaid pension	4,535	4,660
Restricted securities, at cost	3,824	4,202
Goodwill	1,710	1,901
Receivable - securities sales	3,291	0
Other assets	5,144	5,800
TOTAL ASSETS	890,432	851,606
Deposits:
Non-interest-bearing demand	122,388	82,350
Savings, NOW and money market	290,604	187,657
Time	305,192	394,753
Total deposits	718,184	664,760
Borrowings	56,417	85,154
Subordinated debentures	24,482	0
Note payable	0	14,984
Accrued interest payable	788	374
Other liabilities	8,316	8,291
TOTAL LIABILITIES	808,187	773,563
COMMITMENTS AND CONTINGENT LIABILITIES
STOCKHOLDERS' EQUITY
Preferred stock (par value $0.01; 15,000,000 shares authorized; none issued)	0	0
Common stock (par value $0.01; 17,000,000 shares authorized; issued and outstanding 4,194,890 and 4,175,144, respectively)	42	42
Surplus	64,283	63,725
Retained earnings	17,694	14,120
Accumulated other comprehensive income, net of tax	226	156
TOTAL STOCKHOLDERS' EQUITY	82,245	78,043
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 890,432	$ 851,606

CONSOLIDATED STATEMENTS OF FI_2

CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2021	Sep. 30, 2020
Assets
Held to maturity, fair value	$ 9,777	$ 11,131
Shareholders' equity
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	15,000,000	15,000,000
Preferred stock, shares issued (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	17,000,000	17,000,000
Common stock, shares issued (in shares)	4,194,890	4,175,144
Common stock, shares outstanding (in shares)	4,194,890	4,175,144

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
INTEREST INCOME
Loans	$ 9,133	$ 9,728	$ 18,391	$ 19,674
Taxable securities	182	111	355	221
Federal funds sold	0	38	0	105
Other interest income	65	404	131	717
Total interest income	9,380	10,281	18,877	20,717
INTEREST EXPENSE
Savings, NOW and money market deposits	157	516	274	1,152
Time deposits	915	2,607	2,369	4,977
Borrowings	506	641	1,105	1,334
Total interest expense	1,578	3,764	3,748	7,463
Net interest income	7,802	6,517	15,129	13,254
Provision for loan losses	200	1,000	300	1,000
Net interest income after provision for loan losses	7,602	5,517	14,829	12,254
NON-INTEREST INCOME
Loan fees and service charges	125	57	191	137
Mortgage servicing income	14	25	31	54
Service charges on deposit accounts	17	15	32	35
Net gain on sale of loans held for sale	295	339	476	902
Net gain on sale of securities available for sale	240	0	240	0
Other income	1	2	8	2
Total non-interest income	692	438	978	1,130
NON-INTEREST EXPENSE
Salaries and employee benefits	3,325	2,886	6,501	5,474
Occupancy and equipment	1,209	1,083	2,380	2,215
Data processing	270	250	515	466
Advertising and promotion	19	111	67	217
Acquisition costs	151	0	296	236
Professional fees	308	837	720	1,342
Other expenses	443	464	836	832
Total non-interest expense	5,725	5,631	11,315	10,782
Income before income tax expense	2,569	324	4,492	2,602
Income tax expense	514	75	918	583
NET INCOME	$ 2,055	$ 249	$ 3,574	$ 2,019
EARNINGS PER COMMON SHARE - BASIC (in dollars per share)	$ 0.49	$ 0.06	$ 0.85	$ 0.49
EARNINGS PER COMMON SHARE - DILUTED (in dollars per share)	$ 0.48	$ 0.06	$ 0.84	$ 0.48
WEIGHTED AVERAGE COMMON SHARES - BASIC (in shares)	4,193,682	4,155,711	4,187,239	4,155,837
WEIGHTED AVERAGE COMMON SHARES - DILUTED (in shares)	4,259,021	4,221,958	4,252,278	4,220,005

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME [Abstract]
Net income	$ 2,055	$ 249	$ 3,574	$ 2,019
Other comprehensive (loss) income, net of tax:
Change in unrealized gain on securities available for sale arising during the period, net of tax of $23, $13, $68 and $16, respectively	94	49	261	59
Reclassification adjustment for gains realized in net income, net of tax of ($49), $0, ($49) and $0, respectively	(191)	0	(191)	0
Total other comprehensive (loss) income, net of tax	(97)	49	70	59
Total comprehensive income, net of tax	$ 1,958	$ 298	$ 3,644	$ 2,078

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Other comprehensive (loss) income, net of tax:
Change in unrealized gain on securities available for sale arising during the period, net of tax	$ 23	$ 13	$ 68	$ 16
Reclassification adjustment for gains realized in net income, net of tax	$ (49)	$ 0	$ (49)	$ 0

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Common Stock [Member]	Surplus [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income, Net of Tax [Member]	Total
Balance at Sep. 30, 2019	$ 42	$ 62,740	$ 9,146	$ 22
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income			2,019		$ 2,019
Stock-based compensation	0	333
Stock options exercised	0	107
Issuance of common stock	0	45
Other comprehensive (loss) income, net of tax				59	59
Balance at Mar. 31, 2020	42	63,225	11,165	81	74,513
Balance at Dec. 31, 2019	42	62,906	10,916	32
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income			249		249
Stock-based compensation	0	186
Stock options exercised	0	107
Issuance of common stock	0	26
Other comprehensive (loss) income, net of tax				49	49
Balance at Mar. 31, 2020	42	63,225	11,165	81	74,513
Balance at Sep. 30, 2020	42	63,725	14,120	156	78,043
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income			3,574		3,574
Stock-based compensation	0	445
Stock options exercised	0	0
Issuance of common stock	0	113
Other comprehensive (loss) income, net of tax				70	70
Balance at Mar. 31, 2021	42	64,283	17,694	226	82,245
Balance at Dec. 31, 2020	42	64,020	15,639	323
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income			2,055		2,055
Stock-based compensation	0	216
Stock options exercised	0	0
Issuance of common stock	0	47
Other comprehensive (loss) income, net of tax				(97)	(97)
Balance at Mar. 31, 2021	$ 42	$ 64,283	$ 17,694	$ 226	$ 82,245

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - shares	3 Months Ended		6 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY [Abstract]
Stock-based compensation, shares issued (in shares)	8,227	14,841	15,727	14,841
Stock-based compensation, shares withheld (in shares)	331		441
Stock-based compensation, shares forfeited (in shares)	667	6,407	667	28,287
Stock option exercised, shares issued (in shares)		10,735		10,735
Issuance of common stock, shares issued (in shares)	2,127	1,198	5,127	2,076

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES
NET INCOME	$ 3,574	$ 2,019
ADJUSTMENTS TO RECONCILE NET INCOME TO NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES
Provision for loan losses	300	1,000
Depreciation and amortization	698	657
Net gain on sale of loans held for sale	(476)	(902)
Net gain on sale of securities available for sale	(240)	0
Stock-based compensation	445	333
Net accretion of premiums, discounts, loan fees and costs	(229)	(36)
Amortization of debt issuance costs	43	1
Amortization of intangible assets	2	2
Mortgage servicing rights valuation adjustment	25	67
Deferred tax benefit	(170)	(47)
Decrease (increase) in accrued interest receivable	276	(24)
Increase in other assets	(2,196)	(347)
Increase in accrued interest payable	414	64
Increase (decrease) in other liabilities	25	(3,369)
Net cash provided by (used in) operating activities	2,491	(582)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of securities available for sale	(4,700)	0
Purchases of restricted securities	(223)	0
Proceeds from sales of securities available for sale	3,240	0
Principal repayments of securities held to maturity	1,247	488
Principal repayments of securities available for sale	18	16
Redemptions of restricted securities	601	872
Proceeds from sales of loans	18,287	30,845
Net increase in loans	(57,026)	(4,300)
Purchases of premises and equipment	(870)	(610)
Net cash (used in) provided by investing activities	(39,426)	27,311
CASH FLOWS FROM FINANCING ACTIVITIES
Net increase in deposits	53,424	66,811
Repayments of Federal Home Loan Bank advances	(12,580)	(19,300)
Repayments of Federal Reserve Bank borrowings	(16,157)	0
Proceeds from issuance of subordinated debentures, net of issuance costs	24,455	0
Repayment of note payable	(15,000)	0
Net proceeds from stock options exercised	0	107
Net proceeds from issuance of common stock	113	45
Net cash provided by financing activities	34,255	47,663
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	(2,680)	74,392
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	80,209	87,831
CASH AND CASH EQUIVALENTS, END OF PERIOD	77,529	162,223
SUPPLEMENTAL DATA:
Interest paid	3,334	7,113
Income taxes paid	514	896
SUPPLEMENTAL NON-CASH DISCLOSURE:
Transfers from portfolio loans to loans held for sale	$ 18,704	$ 29,525

BASIS OF PRESENTATION, RISKS AN

BASIS OF PRESENTATION, RISKS AND UNCERTAINTIES, ACCOUNTING POLICIES AND RECENT ACCOUNTING DEVELOPMENTS	6 Months Ended
	Mar. 31, 2021
BASIS OF PRESENTATION, RISKS AND UNCERTAINTIES, ACCOUNTING POLICIES AND RECENT ACCOUNTING DEVELOPMENTS [Abstract]
BASIS OF PRESENTATION, RISKS AND UNCERTAINTIES, ACCOUNTING POLICIES AND RECENT ACCOUNTING DEVELOPMENTS	1. BASIS OF PRESENTATION, RISKS AND UNCERTAINTIES, ACCOUNTING POLICIES AND RECENT ACCOUNTING DEVELOPMENTS Hanover Bancorp, Inc. (the “Company”), is a New York corporation which became the holding company for Hanover Community Bank (the “Bank”) in 2016. The Bank, headquartered in Mineola, New York, was incorporated under the laws of the State of New York and is a New York State chartered bank. The Bank commenced operations on November 4, 2008 and is a full-service bank providing personal and business lending and deposit services. As a State chartered bank, the Bank is subject to regulation by the New York State Department of Financial Services (“DFS”) and the Federal Deposit Insurance Corporation. The Company is subject to regulations promulgated by the Board of Governors of the Federal Reserve System (the “FRB”). In August 2019, Chinatown Federal Savings Bank was acquired by the Company and merged into the Bank. During the six-month period ended March 31, 2021, previously reported goodwill resulting from the acquisition of Chinatown Federal Savings Bank was reduced by $191 thousand. The reduction was an adjustment related to the net deferred tax asset. Basis of Presentation In the opinion of the Company’s management, the preceding unaudited interim consolidated financial statements contain all adjustments, consisting of normal accruals, necessary for a fair presentation of the Company’s consolidated statement of financial condition as of March 31, 2021, its consolidated statements of income for the three and six months ended March 31, 2021 and 2020, its consolidated statements of comprehensive income for the three and six months ended March 31, 2021 and 2020, its consolidated statements of changes in stockholders’ equity for the three and six months ended March 31, 2021 and 2020 and its consolidated statements of cash flows for the six months ended March 31, 2021 and 2020. In addition, the preceding unaudited interim consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X, as well as in accordance with predominant practices within the banking industry. They do not include all the information and footnotes required by U.S. GAAP for complete financial statements. The preparation of the financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and the accompanying notes. Actual results could differ from those estimates. The results of operations for the three and six months ended March 31, 2021 are not necessarily indicative of the results of operations to be expected for the remainder of the year. All material intercompany accounts and transactions have been eliminated in consolidation. Unless the context otherwise requires, references herein to the Company include the Company and the Bank on a consolidated basis. Risks and Uncertainties In March 2020, the World Health Organization declared the outbreak of COVID-19 a global pandemic. The COVID-19 pandemic has adversely affected, and may continue to adversely affect, local, national and global economic activity. Actions taken to help mitigate the spread of COVID-19 include restrictions on travel, quarantines and government-mandated closures of various businesses. The spread of the outbreak has caused significant disruptions to the economy and has disrupted banking and other financial activity in the areas in which the Company operates. Also, in March 2020, the Federal Open Market Committee reduced the targeted federal funds interest rate range to between zero and 0.25 percent and the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) was enacted to, among other things, provide emergency assistance for individuals, families and businesses affected by the COVID-19 pandemic. The reductions in interest rates and other effects of the COVID-19 pandemic may materially and adversely affect the Company’s financial condition and results of operations in future periods. It is unknown how long the adverse conditions associated with the COVID-19 pandemic will last and what the complete financial impact will be to the Company. It is possible that estimates made in the financial statements could be materially and adversely impacted due to these conditions, including estimates regarding expected credit losses on loans receivable and impairment of goodwill. Accounting Policies Allowance for Loan Losses Loans and Loan Interest Income Recognition Interest income on loans is accrued and credited to income as earned. Net loan origination fees and costs are deferred and accreted/amortized to interest income over the loan’s contractual life using the level-yield method, adjusted for actual prepayments. Loans that are acquired are initially recorded at fair value with no carryover of the related allowance for loan losses. After acquisition, losses are recognized through the allowance for loan losses. Determining the fair value of the loans involves estimating the amount and timing of expected principal and interest cash flows to be collected on the loans and discounting those cash flows at a market interest rate. The Company has two loans which, at the time of acquisition, showed evidence of credit deterioration since origination. Purchased credit impaired loans were not material at March 31, 2021 and September 30, 2020. Loans Held for Sale For liquidity purposes generally, there are instances when loans originated with the intent to hold in portfolio are subsequently transferred to loans held for sale. At transfer, they are carried at the lower of cost or fair value. Recent Accounting Developments Adoption of New Accounting Standards In January 2017, the FASB issued ASU 2017-04, Intangibles - Goodwill and Other (Topic 350), “Simplifying the Test for Goodwill Impairment.” The amendments in this ASU simplify the subsequent measurement of goodwill by eliminating Step 2 from the goodwill impairment test. Under the amendments in this ASU, an entity should perform its annual or interim goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount and recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value, not exceeding the total amount of goodwill allocated to that reporting unit. Additionally, an entity should consider income tax effects from any tax-deductible goodwill on the carrying amount of the reporting unit when measuring the goodwill impairment loss, if applicable. The ASU also eliminates the requirement for any reporting unit with a zero or negative carrying amount to perform a qualitative assessment and, if it fails that qualitative test, to perform Step 2 of the goodwill impairment test. For non-public entities, ASU 2017-04 is effective for annual or interim goodwill impairment tests in fiscal years beginning after December 15, 2021 with early adoption permitted. The amendments are to be applied on a prospective basis. An entity is required to disclose the nature of and reason for the change in accounting principle upon transition within the first annual period when the entity initially adopts the amendments. The Company adopted ASU 2017-04 on October 1, 2019 and determined that there was no impairment of goodwill under the new method. Recent Accounting Pronouncements In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) which amended existing guidance that requires lessees to recognize the following for all leases (with the exception of short-term leases) at the commencement date: (1) A lease liability, which is a lessee’s obligation to make lease payments arising from a lease, measured on a discounted basis; and (2) A right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. Under the new guidance, lessor accounting is largely unchanged. Certain targeted improvements were made to align, where necessary, the lessor accounting model and Topic 606, Revenue from Contracts with Customers. For the Company, an emerging growth company electing to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act, ASU 2016-02 is effective for fiscal years beginning after December 15, 2021, and interim periods within fiscal years beginning after December 15, 2022, with early application permitted. Lessees (for capital and operating leases) and lessors (for sales-type, direct financing, and operating leases) must apply a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The modified retrospective approach would not require any transition accounting for leases that expired before the earliest comparative period presented. Lessees and lessors may not apply a full retrospective transition approach. The Company is currently evaluating the adoption impact of ASU 2016-02 on the consolidated financial statements. Based on leases outstanding at March 31, 2021, the Company does not expect adoption to have a material impact on the income statement but does anticipate a material impact to the Company’s consolidated statement of financial condition as a result of recognizing right-of-use assets and lease liabilities.

EARNINGS PER COMMON SHARE

EARNINGS PER COMMON SHARE	6 Months Ended
	Mar. 31, 2021
EARNINGS PER COMMON SHARE [Abstract]
EARNINGS PER COMMON SHARE	2. EARNINGS PER COMMON SHARE Basic earnings per common share is computed based on the weighted-average number of shares outstanding. Diluted earnings per common share includes the dilutive effect of additional potential common shares issuable under stock options. For periods in which a loss is reported, the impact of stock options is not considered as the result would be antidilutive. The computation of earnings per common share for the three and six months ended March 31, 2021 and 2020 follows (in thousands, except share and per share data). There were no stock options that were antidilutive for the three and six months ended March 31, 2021 and 2020. Three Months Ended March 31, Six Months Ended March 31, 2021 2020 2021 2020 Basic earnings per common share Net income $ 2,055 $ 249 $ 3,574 $ 2,019 Weighted average common shares outstanding 4,193,682 4,155,711 4,187,239 4,155,837 Basic earnings per common share $ 0.49 $ 0.06 $ 0.85 $ 0.49 Diluted earnings per common share Net income $ 2,055 $ 249 $ 3,574 $ 2,019 Weighted average common shares outstanding for basic earnings per common share 4,193,682 4,155,711 4,187,239 4,155,837 Add: dilutive effects of assumed exercises of stock options 65,339 66,247 65,039 64,168 Average shares and dilutive potential common shares 4,259,021 4,221,958 4,252,278 4,220,005 Diluted earnings per common share $ 0.48 $ 0.06 $ 0.84 $ 0.48

SECURITIES

SECURITIES	6 Months Ended
	Mar. 31, 2021
SECURITIES [Abstract]
SECURITIES	3. SECURITIES At the time of purchase of a security, the Company designates the security as either available for sale or held to maturity, depending upon investment objectives, liquidity needs and intent. The amortized cost, fair value and gross unrealized gains and losses of the Company’s investment securities available for sale and held to maturity at March 31, 2021 and September 30, 2020 were as follows (in thousands): March 31, 2021 September 30, 2020 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Available for sale: U.S. GSE residential mortgage-backed securities $ 815 $ 117 $ - $ 932 $ 838 $ 124 $ - $ 962 Corporate bonds 6,700 171 (2 ) 6,869 5,000 73 - 5,073 Total available for sale securities 7,515 288 (2 ) 7,801 5,838 197 - 6,035 Held to maturity: U.S. GSE residential mortgage-backed securities 3,249 78 - 3,327 4,478 118 - 4,596 U.S. GSE commercial mortgage-backed securities 2,721 200 - 2,921 2,749 253 - 3,002 Corporate bonds 3,500 33 (4 ) 3,529 3,500 33 - 3,533 Total held to maturity securities 9,470 311 (4 ) 9,777 10,727 404 - 11,131 Total investment securities $ 16,985 $ 599 $ (6 ) $ 17,578 $ 16,565 $ 601 $ - $ 17,166 All of the Company’s securities with gross unrealized losses at March 31, 2021 had been in a continuous loss position for less than twelve months and such unrealized losses totaling $6 thousand are immaterial to the Company’s consolidated financial statements. There were no securities with unrealized losses at September 30, 2020. At March 31, 2021 and September 30, 2020, investment securities carried at $1.4 million and $5.6 million, respectively, were pledged to secure public deposits. The amortized cost and fair value of the Company’s securities portfolio at March 31, 2021 (in thousands) are presented by contractual maturity in the table below. Expected maturities may differ from contractual maturities if borrowers have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately. March 31, 2021 Amortized Cost Fair Value Securities available for sale: Five to ten years $ 4,700 $ 4,869 After ten years 2,000 2,000 U.S. GSE residential mortgage-backed securities 815 932 Total securities available for sale 7,515 7,801 Securities held to maturity: One to five years 1,500 1,496 Five to ten years 2,000 2,033 U.S. GSE residential mortgage-backed securities 3,249 3,327 U.S. GSE commercial mortgage-backed securities 2,721 2,921 Total securities held to maturity 9,470 9,777 Total investment securities $ 16,985 $ 17,578 For the three and six months ended March 31, 2021, proceeds from sales of securities available for sale totaled $3.2 million, with an associated recognized gross gain of $240 thousand. There were no sales of securities during the three and six months ended March 31, 2020.

LOANS

LOANS	6 Months Ended
	Mar. 31, 2021
LOANS [Abstract]
LOANS	4. LOANS The following table sets forth the classification of the Company’s loans by loan portfolio segment for the periods presented (in thousands). March 31, 2021 September 30, 2020 Residential real estate $ 432,495 $ 454,073 Multi-family 175,463 136,539 Commercial real estate 117,762 113,615 Commercial and industrial 38,154 21,100 Consumer 18 24 Gross loans 763,892 725,351 Net deferred fees (296 ) (332 ) Total loans 763,596 725,019 Allowance for loan losses (8,179 ) (7,869 ) Total loans, net $ 755,417 $ 717,150 The Company is a participant in the Paycheck Protection Program (“PPP”), administered by the Small Business Administration under the CARES Act, to provide guaranteed loans to qualifying businesses and organizations. These loans carry a fixed rate of 1.00% and a term of two years (loans made before June 5, 2020) or five years (loans made on or after June 5, 2020), if not forgiven, in whole or in part. As of March 31, 2021, eight of the Company’s PPP loans totaling $868 thousand had received forgiveness. The Company’s PPP loans outstanding, included in commercial and industrial loans in the table above, totaled $33.5 million and $17.6 million at March 31, 2021 and September 30, 2020, respectively. At March 31, 2021 and September 30, 2020, the Company was servicing approximately $32.2 million and $26.8 million, respectively, of loans for others. The Company had approximately $893 thousand in loans held for sale at March 31, 2021, and no loans held for sale at September 30, 2020. For the three months ended March 31, 2021 and 2020, the Company sold loans totaling approximately $9.4 million and $9.9 million, respectively, recognizing net gains of $295 thousand and $339 thousand, respectively. For the six months ended March 31, 2021 and 2020, the Company sold loans totaling approximately $17.8 million and $30.1 million, respectively, recognizing net gains of $476 thousand and $902 thousand, respectively. The following summarizes the activity in the allowance for loan losses by portfolio segment for the periods indicated (in thousands). Three Months Ended March 31, 2021 Three Months Ended March 31, 2020 Balance at beginning of period Charge-offs Recoveries (Credit) provision for loan losses Balance at end of period Balance at beginning of period Charge-offs Recoveries Provision (credit) for loan losses Balance at end of period Residential real estate $ 5,094 $ - $ - $ (243 ) $ 4,851 $ 4,685 $ - $ - $ 576 $ 5,261 Multi-family 1,619 - - 336 1,955 1,192 - - 248 1,440 Commercial real estate 1,221 - - 89 1,310 1,175 - - (114 ) 1,061 Commercial and industrial 44 - - 18 62 79 (300 ) - 300 79 Consumer 1 - - - 1 12 - - (10 ) 2 Total $ 7,979 $ - $ - $ 200 $ 8,179 $ 7,143 $ (300 ) $ - $ 1,000 $ 7,843 Six Months Ended March 31, 2021 Six Months Ended March 31, 2020 Balance at beginning of period Charge-offs Recoveries (Credit) provision for loan losses Balance at end of period Balance at beginning of period Charge-offs Recoveries Provision (credit) for loan losses Balance at end of period Residential real estate $ 5,103 $ - $ - $ (252 ) $ 4,851 $ 4,647 $ - $ - $ 614 $ 5,261 Multi-family 1,506 - - 449 1,955 1,215 - - 225 1,440 Commercial real estate 1,221 - - 89 1,310 1,193 - - (132 ) 1,061 Commercial and industrial 38 - 10 14 62 75 (300 ) - 304 79 Consumer 1 - - - 1 13 - - (11 ) 2 Total $ 7,869 $ - $ 10 $ 300 $ 8,179 $ 7,143 $ (300 ) $ - $ 1,000 $ 7,843 The following presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment methodology for the periods indicated (in thousands). The recorded investment in loans excludes accrued interest receivable due to immateriality. Allowance for Loan Losses Loan Balances March 31, 2021 Individually evaluated for impairment Collectively evaluated for impairment Ending balance Individually evaluated for impairment Collectively evaluated for impairment Ending balance Residential real estate $ - $ 4,851 $ 4,851 $ 8,494 $ 423,982 $ 432,476 Multi-family - 1,955 1,955 1,324 174,455 175,779 Commercial real estate - 1,310 1,310 1,198 116,768 117,966 Commercial and industrial - 62 62 - 37,355 37,355 Consumer - 1 1 - 20 20 Total $ - $ 8,179 $ 8,179 $ 11,016 $ 752,580 $ 763,596 Allowance for Loan Losses Loan Balances September 30, 2020 Individually evaluated for impairment Collectively evaluated for impairment Ending balance Individually evaluated for impairment Collectively evaluated for impairment Ending balance Residential real estate $ - $ 5,103 $ 5,103 $ 2,221 $ 451,539 $ 453,760 Multi-family - 1,506 1,506 47 136,690 136,737 Commercial real estate - 1,221 1,221 629 113,129 113,758 Commercial and industrial - 38 38 334 20,404 20,738 Consumer - 1 1 - 26 26 Total $ - $ 7,869 $ 7,869 $ 3,231 $ 721,788 $ 725,019 The following presents information related to the Company’s impaired loans by portfolio segment for the periods shown (in thousands). March 31, 2021 September 30, 2020 Unpaid Principal Balance Recorded Investment Allowance Allocated Unpaid Principal Balance Recorded Investment Allowance Allocated With no related allowance recorded: Residential real estate $ 8,494 $ 8,494 $ - $ 2,221 $ 2,221 $ - Multi-family 1,324 1,324 - 47 47 - Commercial real estate 1,198 1,198 - 629 629 - Commercial and industrial - - - 634 334 - Total $ 11,016 $ 11,016 $ - $ 3,531 $ 3,231 $ - Three Months Ended March 31, Six Months Ended March 31, 2021 2020 2021 2020 Average recorded investment Interest income recognized (1) Average recorded investment Interest income recognized (1) Average recorded investment Interest income recognized (1) Average recorded investment Interest income recognized (1) Residential real estate $ 7,880 $ 21 $ 2,241 $ 21 $ 6,767 $ 43 $ 1,977 $ 42 Multi-family 1,328 2 72 4 687 3 75 8 Commercial real estate 671 1 596 19 350 2 478 25 Commercial and industrial - - 534 - - - 584 - Total $ 9,879 $ 24 $ 3,443 $ 44 $ 7,804 $ 48 $ 3,114 $ 75 (1) At March 31, 2021 and September 30, 2020, past due and non-accrual loans disaggregated by portfolio segment were as follows (dollars in thousands): Past Due and Non-Accrual March 31, 2021 30 - 59 days past due and accruing 60 - 89 days past due and accruing 90 days and over past due and accruing Non-accrual Total past due and non-accrual Current Total Residential real estate $ 1,336 $ - $ - $ 6,828 (1) $ 8,164 $ 424,312 $ 432,476 Multi-family - - - 1,324 (2) 1,324 174,455 175,779 Commercial real estate - - 322 1,198 (3) 1,520 116,446 117,966 Commercial and industrial - - - - - 37,355 37,355 Consumer - - - - - 20 20 Total $ 1,336 $ - $ 322 $ 9,350 $ 11,008 $ 752,588 $ 763,596 (1) (2) (3) Past Due and Non-Accrual September 30, 2020 30 - 59 days past due and accruing 60 - 89 days past due and accruing 90 days and over past due and accruing Non-accrual (1) Total past due and non-accrual Current Total Residential real estate $ 4,507 $ - $ - $ 538 $ 5,045 $ 448,715 $ 453,760 Multi-family - - - 47 47 136,690 136,737 Commercial real estate - - 296 34 330 113,428 113,758 Commercial and industrial - - - 334 334 20,404 20,738 Consumer - - - - - 26 26 Total $ 4,507 $ - $ 296 $ 953 $ 5,756 $ 719,263 $ 725,019 (1) Troubled debt restructurings (“TDRs”) are loan modifications where the Company has granted a concession to a borrower in financial difficulty. To assess whether a borrower is experiencing financial difficulty, an evaluation is performed to determine if that borrower is currently in payment default under any of its obligations or whether there is a probability that the borrower will be in payment default in the foreseeable future without the modification. At both March 31, 2021 and September 30, 2020, the Company had a recorded investment in TDRs totaling $1.7 million, consisting solely of residential real estate loans with no specific reserves allocated to such loans and no commitment to lend additional funds under those loans, at either March 31, 2021 or September 30, 2020. For the three and six months ended March 31, 2021 and 2020, there were no TDRs for which there was a payment default within twelve months of restructuring. A loan is considered to be in payment default once it is 90 days contractually past due under its modified terms. For the three and six months ended March 31, 2021 and 2020, the Company had no new TDRs. In June 2020, New York’s Governor Andrew Cuomo signed SB 8243C and SB 8428, which created Section 9-x of the New York Banking Law. The new Section 9-x requires New York regulated banking institutions and New York regulated mortgage servicers to make available applications for forbearance of any payment due on certain residential mortgages to qualified borrowers for their primary residence located in New York. In general, qualified borrowers will be granted forbearance of all monthly payments for a period of up to 180 days, to be extended for up to an additional 180 days provided that the borrower demonstrates continued financial hardship. The Company has been prudently working with borrowers negatively impacted by the COVID-19 pandemic while managing credit risks and recognizing an appropriate allowance for loan losses. The Company modified 393 loans totaling $220.4 million under the CARES Act which are excluded from TDR classification under Section 4013 of the CARES Act or under applicable interagency guidance of the federal banking regulators. As of March 31, 2021, 36 loans totaling $22.8 million were still in forbearance, of which 27 loans totaling $16.0 million were loans qualified under Section 9-x. The Company continuously monitors the credit quality of its loans by reviewing certain credit quality indicators, most notably credit risk ratings by loan segment. The Company utilizes a credit risk rating system as part of the risk assessment of its loan portfolio. The Company’s lending officers assign credit risk ratings to loans at time of origination. Should a lending officer learn of any financial developments subsequent to a loan’s origination, the loan’s risk rating is reviewed and adjusted if necessary. In addition, the Company engages a third-party independent loan reviewer that performs semi-annual reviews of a sample of the Company’s loans, validating the credit risk ratings assigned to those loans. Credit risk ratings play an important role in the determination of the Company’s loan loss provision and the adequacy of its allowance for loan losses. The Company’s credit risk rating system makes use of certain information relevant to the ability of the borrower to service their debt, including current financial information, historical payment experience, credit documentation, public information and current economic trends, among other factors. The Company’s credit risk ratings are as follows: Special Mention Substandard Doubtful Loans not having a credit risk rating of Special Mention, Substandard or Doubtful are considered pass loans. At March 31, 2021 and September 30, 2020, the Company’s loan portfolio by credit risk rating disaggregated by portfolio segment were as follows (dollars in thousands): March 31, 2021 September 30, 2020 Grade Grade Pass Special mention Substandard Total Pass Special mention Substandard Total Residential real estate $ 422,760 $ 2,888 $ 6,828 $ 432,476 $ 449,524 $ 2,893 $ 1,343 $ 453,760 Multi-family 170,454 4,001 1,324 175,779 135,396 1,294 47 136,737 Commercial real estate 116,154 - 1,812 117,966 111,457 893 1,408 113,758 Commercial and industrial 37,355 - - 37,355 20,404 - 334 20,738 Consumer 20 - - 20 26 - - 26 Total $ 746,743 $ 6,889 $ 9,964 $ 763,596 $ 716,807 $ 5,080 $ 3,132 $ 725,019

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	6 Months Ended
	Mar. 31, 2021
STOCK-BASED COMPENSATION [Abstract]
STOCK-BASED COMPENSATION	5. STOCK-BASED COMPENSATION The Company’s 2018 Equity Compensation Plan (“the 2018 Plan”) provides for the grant of stock-based compensation awards to officers, employees and directors of the Company. Under the 2018 Plan, a total of 346,000 shares of the Company’s common stock were approved for issuance, of which 207,681 shares remained for possible issuance at March 31, 2021. Stock Options Stock options are generally granted with an exercise price equal to the market price of the Company’s common stock at the date of grant, with vesting periods of three years and contractual terms of ten years. All stock options fully vest upon a change in control. The fair value of stock options is estimated on the date of grant using a closed form option valuation (Black-Scholes) model. Expected volatilities are based on historical volatilities of the Company’s common stock. The Company uses historical data to estimate option exercise and post-vesting termination behavior. Expected terms are based on historical data and represent the periods in which the options are expected to be outstanding. The risk-free interest rate for the expected term of the option is based on the U.S. Treasury yield curve in effect at the time of grant. No stock options were exercised during the six months ended March 31, 2021. The total intrinsic value of options exercised for the six months ended March 31, 2020 was $127 thousand. The total cash received from option exercises for the six months ended March 31, 2020 was $107 thousand. The Company recognized tax benefits of $44 thousand resulting from option exercises for the three and six months ended March 31, 2020. A summary of stock option activity follows (aggregate intrinsic value in thousands): Number of Options Weighted- Average Exercise Price Per Share Aggregate Intrinsic Value Weighted- Average Remaining Contractual Term Outstanding, October 1, 2020 155,506 $ 11.35 $ 1,623 4.66 years Granted - - Exercised - - Forfeited - - Outstanding, March 31, 2021 (1) 155,506 $ 11.35 $ 1,656 4.16 years (1) There was no compensation expense attributable to stock options for the six months ended March 31, 2021. For the three and six months ended March 31, 2020, such compensation expense was $5 thousand and $10 thousand, respectively. Restricted Stock During the six months ended March 31, 2021, restricted stock awards of 15,727 shares were granted with a three-year vesting period. Compensation expense is recognized over the vesting period of the awards based on the fair value of the stock at issue date. Since there is no active market for the exchange of the Company’s stock, the fair value of the restricted stock awards was estimated on the date of grant based on the prices of the most recent transactions in the Company’s common stock. A summary of restricted stock activity follows: Number of Shares Weighted- Average Grant Date Fair Value Unvested, October 1, 2020 95,052 $ 19.56 Granted 15,727 21.93 Vested (15,879 ) 18.96 Forfeited (667 ) 21.79 Unvested, March 31, 2021 94,233 $ 20.04 Compensation expense attributable to restricted stock was $216 thousand and $180 thousand for the three months ended March 31, 2021 and 2020, respectively. For the six months ended March 31, 2021 and 2020, compensation expense attributable to restricted stock was $445 thousand and $322 thousand, respectively. As of March 31, 2021, there was $1.4 million of total unrealized compensation cost related to unvested restricted stock, expected to be recognized over a weighted-average term of 1.73 years. The total fair value of shares vested during the six months ended March 31, 2021 and 2020 was $349 thousand and $253 thousand, respectively. Of the vested shares, 441 shares and 0 shares, respectively, were withheld to pay taxes due upon vesting.

REGULATORY MATTERS

REGULATORY MATTERS	6 Months Ended
	Mar. 31, 2021
REGULATORY MATTERS [Abstract]
REGULATORY MATTERS	6. REGULATORY MATTERS The Bank is subject to various regulatory capital requirements administered by federal banking agencies. Capital adequacy guidelines and, additionally, prompt corrective action regulations, involve quantitative measures of assets, liabilities, and certain off-balance sheet items calculated under regulatory accounting practices. Capital amounts and classifications are also subject to qualitative judgments by regulators. Failure to meet minimum capital requirements can initiate regulatory action. Prompt corrective action regulations provide five classifications: well capitalized, adequately capitalized, undercapitalized, significantly undercapitalized and critically undercapitalized, although these terms are not used to represent overall financial condition. If adequately capitalized, regulatory approval is required to accept brokered deposits. If undercapitalized, capital distributions are limited, as is asset growth and expansion, and capital restoration plans are required. In addition, to avoid limitations on distributions, including dividend payments, the Bank must hold a capital conservation buffer above its minimum risk-based capital requirements. The capital conservation buffer is equal to the lowest of the results calculated in items (1), (2), and (3) as follows: (1) the Bank’s common equity tier 1 capital to risk-weighted assets ratio, less 4.50%, which is the minimum common equity tier 1 capital ratio regulatory requirement; (2) the Bank’s tier 1 capital to risk-weighted assets ratio, less 6.00%, which is the minimum tier 1 capital ratio regulatory requirement; and (3) the Bank’s total capital to risk-weighted assets ratio, less 8.00%, which is the minimum total capital ratio regulatory requirement. However, if any of the three calculated results is less than zero (i.e., is negative), the capital conservation buffer would be zero. Each of the Bank’s capital ratios exceeds applicable regulatory capital requirements and the Bank meets the requisite capital ratios to be well capitalized as of March 31, 2021 and September 30, 2020. At March 31, 2021 and September 30, 2020, the Bank’s capital conservation buffers were in excess of the minimum buffer requirement described above. There are no subsequent conditions or events that management believes have changed the Bank’s capital adequacy. The Bank’s capital amounts (in thousands) and ratios are presented in the table that follows. Actual Required for capital adequacy purposes Excess of amount required for capital adequacy purposes (1) To be Well Capitalized under prompt corrective action regulations Amount Ratio Amount Ratio Amount Ratio Amount Ratio March 31, 2021 Total capital to risk-weighted assets $ 109,302 22.49 % $ 38,882 8.00 % $ 70,420 14.49 % $ 48,602 10.00 % Tier 1 capital to risk-weighted assets 103,199 21.23 % 29,161 6.00 % 74,038 15.23 % 38,882 8.00 % Common equity tier 1 capital to risk-weighted assets 103,199 21.23 % 21,871 4.50 % 81,328 16.73 % 31,591 6.50 % Tier 1 capital to adjusted average assets (leverage) 103,199 12.00 % 34,401 4.00 % N/A N/A 43,001 5.00 % September 30, 2020 Total capital to risk-weighted assets $ 95,079 20.57 % $ 36,970 8.00 % $ 58,109 12.57 % $ 46,212 10.00 % Tier 1 capital to risk-weighted assets 89,275 19.32 % 27,727 6.00 % 61,548 13.32 % 36,970 8.00 % Common equity tier 1 capital to risk-weighted assets 89,275 19.32 % 20,796 4.50 % 68,479 14.82 % 30,038 6.50 % Tier 1 capital to adjusted average assets (leverage) 89,275 11.22 % 31,820 4.00 % N/A N/A 39,775 5.00 % (1) The ability of the Bank to pay dividends to the Company is subject to certain regulatory restrictions. Generally, the Bank may not declare or pay dividends in excess of retained earnings as reported in its Consolidated Reports of Condition and Income (Call Report) without prior approval of regulatory agencies. In addition, as discussed above, the Bank’s ability to pay dividends to the Company may be limited if the Bank fails to satisfy any applicable capital conservation buffer. As of March 31, 2021, $20.6 million of the Bank’s retained earnings was available to pay dividends.

FAIR VALUE

FAIR VALUE	6 Months Ended
	Mar. 31, 2021
FAIR VALUE [Abstract]
FAIR VALUE	7. FAIR VALUE Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three levels of inputs that may be used to measure fair values: Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. Level 2: Significant other 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. Level 3: Significant unobservable inputs that reflect a reporting entity’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. Fair value estimates are made at a specific point in time, based on relevant market information and information about the financial instrument. These estimates do not reflect any premium or discount that could result from offering for sale at one time the Company’s entire holdings of a particular financial instrument. Because no market exists for a significant portion of the Company’s financial instruments, fair value estimates are based on judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments and other factors. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and, therefore, cannot be determined with precision. Changes in assumptions could significantly affect the estimates. Fair value estimates are based on existing on- and off-balance-sheet financial instruments without attempting to estimate the value of anticipated future business and the value of assets and liabilities that are not considered financial instruments. In addition, the tax effects related to the realization of unrealized gains and losses could have a significant impact on fair value estimates and have not been considered. The following methods and assumptions were used to estimate the fair value of each class of financial instrument for which it is practicable to estimate that value. Cash and cash equivalents Securities held to maturity and securities available for sale Loans held for sale Loans held for investment Generally, for loans identified as impaired, the fair value of the collateral is used to determine the fair value of the loan. The fair value of the collateral is determined based on recent appraised values. Appraisals for collateral-dependent impaired loans are performed by certified general appraisers whose qualifications and licenses have been reviewed and verified by the Company. These appraisals may utilize a single valuation approach or a combination of approaches including comparable sales and the income approach. Adjustments are routinely made in the appraisal process by the independent appraisers to adjust for differences between the comparable sales and income data available. Adjustments may relate to location, square footage, condition, amenities, market rate of leases and timing of comparable sales. All appraisals undergo a second review process to ensure that the methodology and the values derived are reasonable. The fair value of the loan is compared to the carrying value to determine if any write-down or specific reserve is required. Impaired loans are evaluated quarterly for additional impairment and adjusted accordingly. Adjustments to fair value are made only when the analysis indicates a probable decline in collateral values. Mortgage servicing rights Accrued interest receivable and payable Deposits Borrowings Commitments to extend credit and letters of credit The following presents fair value measurements on a recurring basis at March 31, 2021 and September 30, 2020 (in thousands): Fair Value Measurements Using Assets: March 31, 2021 Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Securities available for sale: U.S. GSE residential mortgage-backed securities $ 932 $ 932 $ - Corporate bonds 6,869 6,869 - Mortgage servicing rights 130 - 130 Total $ 7,931 $ 7,801 $ 130 Fair Value Measurements Using Assets: September 30, 2020 Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Securities available for sale: U.S. GSE residential mortgage-backed securities $ 962 $ 962 $ - Corporate bonds 5,073 5,073 - Mortgage servicing rights 155 - 155 Total $ 6,190 $ 6,035 $ 155 Reconciliations for mortgage servicing rights measured at fair value on a recurring basis using significant unobservable inputs (Level 3) follow (in thousands). Three Months Ended March 31, Six Months Ended March 31, 2021 2020 2021 2020 Beginning balance $ 144 $ 247 $ 155 $ 266 Adjustment to fair value (14 ) (48 ) (25 ) (67 ) Ending balance $ 130 $ 199 $ 130 $ 199 The significant inputs utilized in the cash flow models are based on market data obtained from sources independent of the Company, some of which are unobservable inputs and are therefore classified as Level 3 within the fair value hierarchy. Fair value at March 31, 2021 was determined based on discounted expected future cash flows using discount rates ranging from 12.0% to 14.5%, prepayment speeds ranging from 23.87% to 23.89% and a weighted average life ranging from 2.3 to 3.4 years. Fair value at March 31, 2020 was determined based on discounted expected future cash flows using discount rates ranging from 12.0% to 14.5%, prepayment speeds ranging from 23.40% to 23.83% and a weighted average life ranging from 2.8 to 3.4 years. The Company had no financial instruments measured at fair value on a non-recurring basis at March 31, 2021 and September 30, 2020. The Company’s impaired loans had no related specific allowances recorded at March 31, 2021 and September 30, 2020. The following presents the carrying amounts and estimated fair values of the Company Fair Value Measurements Using March 31, 2021 Carrying Amount Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Fair Value Financial Assets: Cash and cash equivalents $ 77,529 $ 77,529 $ - $ - $ 77,529 Securities held to maturity 9,470 - 9,777 - 9,777 Loans, net 755,417 - - 780,793 780,793 Accrued interest receivable 6,490 - 153 6,337 6,490 Financial Liabilities: Time deposits 305,192 - 306,567 - 306,567 Demand and other deposits 412,992 412,992 - - 412,992 Borrowings 56,417 - 56,526 - 56,526 Subordinated debentures 24,482 - 26,493 - 26,493 Accrued interest payable 788 1 787 - 788 Fair Value Measurements Using September 30, 2020 Carrying Amount Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Fair Value Financial Assets: Cash and cash equivalents $ 80,209 $ 80,209 $ - $ - $ 80,209 Securities held to maturity 10,727 - 11,131 - 11,131 Loans, net 717,150 - - 746,969 746,969 Accrued interest receivable 6,766 - 218 6,548 6,766 Financial Liabilities: Time deposits 394,753 - 397,842 - 397,842 Demand and other deposits 270,007 270,007 - - 270,007 Borrowings 85,154 - 87,052 - 87,052 Note payable 14,984 - - 15,329 15,329 Accrued interest payable 374 1 339 34 374

LOSS CONTINGENCIES

LOSS CONTINGENCIES	6 Months Ended
	Mar. 31, 2021
LOSS CONTINGENCIES [Abstract]
LOSS CONTINGENCIES	8. LOSS CONTINGENCIES Loss contingencies, including claims and legal actions arising in the ordinary course of business, are recorded as liabilities when the likelihood of a loss is probable and an amount or range of loss can be reasonably estimated. The Company’s management does not believe there now are such matters that will have a material effect on the financial statements.

BORROWINGS

BORROWINGS	6 Months Ended
	Mar. 31, 2021
Borrowings [Abstract]
Borrowings	9. BORROWINGS Federal Home Loan Bank (“FHLB”) Advances At March 31, 2021 and September 30, 2020, FHLB advances outstanding were $56.4 million and $69.0 million, respectively. The advances were all at fixed rates ranging from 0.37% to 2.96% and from 0.37% to 2.98%, respectively, and with maturities ranging from June 2021 to August 2025 and from October 2020 to August 2025, respectively, at March 31, 2021 and September 30, 2020. Each advance is payable at its maturity date, with a prepayment penalty for fixed rate advances. The advances were collateralized by $371.7 million and $143.7 million of residential and commercial mortgage loans under a blanket lien arrangement at March 31, 2021 and September 30, 2020, respectively. Based on this collateral and the Company’s holdings of FHLB stock, the Company was eligible to borrow up to an additional total of $154.0 million at March 31, 2021. The following presents the Company’s outstanding FHLB advances contractual maturities in the fiscal years shown (dollars in thousands): At March 31, 2021 Maturity Amount Weighted Average Rate 2021 $ 22,177 1.51 % 2022 4,000 2.02 % 2023 4,300 1.15 % 2024 18,860 0.98 % 2025 7,080 0.58 % $ 56,417 1.23 % Federal Reserve Borrowings In January 2021, the Company paid off its borrowings from the Federal Reserve’s PPP Liquidity Facility (“PPPLF”). At September 30, 2020, the Company’s borrowings from the PPPLF were $16.2 million. The borrowings had a rate of 0.35% and a maturity date equal to the maturity date of the underlying PPP loan pledged to secure the extension of credit. The Company utilized the PPPLF to partially fund PPP loan production and the borrowings were fully secured by PPP loans.

SUBORDINATED DEBENTURES

SUBORDINATED DEBENTURES	6 Months Ended
	Mar. 31, 2021
Subordinated Debentures [Abstract]
Subordinated Debentures	10. SUBORDINATED DEBENTURES In October 2020, the Company completed the private placement of $25.0 million in aggregate principal amount of fixed-to-floating rate subordinated notes due 2030 (the “Notes”) to certain qualified institutional buyers and accredited investors. The Notes will initially bear interest, payable semi-annually, at the rate of 5.00% per annum, until October 15, 2025. From and including October 15, 2025, the interest rate applicable to the outstanding principal amount due will reset quarterly to the then current three-month secured overnight financing rate (“SOFR”) plus 487.4 basis points. The Company may, at its option, beginning with the interest payment date of October 15, 2025 but not generally prior thereto, and on any scheduled interest payment date thereafter, redeem the Notes, in whole or in part, subject to the receipt of any required regulatory approval. The Notes are not subject to redemption at the option of the holder. The Company used a portion of the net proceeds to pay off the existing holding company note in October 2020 and intends to use the remainder of the net proceeds for acquisition financing and general corporate purposes, including contributing equity capital to the Bank. At March 31, 2021, the unamortized issuance costs of the Notes were $518 thousand. For the three and six months ended March 31, 2021, $14 thousand and $27 thousand, respectively, in issuance costs were recorded in interest expense. The Notes are presented net of unamortized issuance costs in the Company’s Consolidated Statements of Financial Condition.

SIGNIFICANT EVENTS

SIGNIFICANT EVENTS	6 Months Ended
	Mar. 31, 2021
SIGNIFICANT EVENTS [Abstract]
SIGNIFICANT EVENTS	11. SIGNIFICANT EVENTS On August 27, 2020, the Company, the Bank and Savoy entered into a definitive agreement pursuant to which the Company was to acquire Savoy. This transaction was consummated on May 26, 2021, when Savoy was merged into the Bank in a stock and cash transaction valued at approximately $65.5 million. Under the terms of the agreement, each outstanding share of Savoy common stock was exchanged for a combination of 50% cash consideration and 50% common stock of the Company. Savoy, established in 2008, operated one branch in Rockefeller Center, New York City. The Company issued a total of 1,357,567 shares of its common stock as part of the merger consideration

BASIS OF PRESENTATION, RISKS _2

BASIS OF PRESENTATION, RISKS AND UNCERTAINTIES, ACCOUNTING POLICIES AND RECENT ACCOUNTING DEVELOPMENTS (Policies)	6 Months Ended
	Mar. 31, 2021
BASIS OF PRESENTATION, RISKS AND UNCERTAINTIES, ACCOUNTING POLICIES AND RECENT ACCOUNTING DEVELOPMENTS [Abstract]
Basis of Presentation	Basis of Presentation In the opinion of the Company’s management, the preceding unaudited interim consolidated financial statements contain all adjustments, consisting of normal accruals, necessary for a fair presentation of the Company’s consolidated statement of financial condition as of March 31, 2021, its consolidated statements of income for the three and six months ended March 31, 2021 and 2020, its consolidated statements of comprehensive income for the three and six months ended March 31, 2021 and 2020, its consolidated statements of changes in stockholders’ equity for the three and six months ended March 31, 2021 and 2020 and its consolidated statements of cash flows for the six months ended March 31, 2021 and 2020. In addition, the preceding unaudited interim consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X, as well as in accordance with predominant practices within the banking industry. They do not include all the information and footnotes required by U.S. GAAP for complete financial statements. The preparation of the financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and the accompanying notes. Actual results could differ from those estimates. The results of operations for the three and six months ended March 31, 2021 are not necessarily indicative of the results of operations to be expected for the remainder of the year. All material intercompany accounts and transactions have been eliminated in consolidation. Unless the context otherwise requires, references herein to the Company include the Company and the Bank on a consolidated basis.
Risks and Uncertainties	Risks and Uncertainties In March 2020, the World Health Organization declared the outbreak of COVID-19 a global pandemic. The COVID-19 pandemic has adversely affected, and may continue to adversely affect, local, national and global economic activity. Actions taken to help mitigate the spread of COVID-19 include restrictions on travel, quarantines and government-mandated closures of various businesses. The spread of the outbreak has caused significant disruptions to the economy and has disrupted banking and other financial activity in the areas in which the Company operates. Also, in March 2020, the Federal Open Market Committee reduced the targeted federal funds interest rate range to between zero and 0.25 percent and the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) was enacted to, among other things, provide emergency assistance for individuals, families and businesses affected by the COVID-19 pandemic. The reductions in interest rates and other effects of the COVID-19 pandemic may materially and adversely affect the Company’s financial condition and results of operations in future periods. It is unknown how long the adverse conditions associated with the COVID-19 pandemic will last and what the complete financial impact will be to the Company. It is possible that estimates made in the financial statements could be materially and adversely impacted due to these conditions, including estimates regarding expected credit losses on loans receivable and impairment of goodwill.
Allowance for Loan Losses	Allowance for Loan Losses
Loans and Loan Interest Income Recognition	Loans and Loan Interest Income Recognition Interest income on loans is accrued and credited to income as earned. Net loan origination fees and costs are deferred and accreted/amortized to interest income over the loan’s contractual life using the level-yield method, adjusted for actual prepayments. Loans that are acquired are initially recorded at fair value with no carryover of the related allowance for loan losses. After acquisition, losses are recognized through the allowance for loan losses. Determining the fair value of the loans involves estimating the amount and timing of expected principal and interest cash flows to be collected on the loans and discounting those cash flows at a market interest rate. The Company has two loans which, at the time of acquisition, showed evidence of credit deterioration since origination. Purchased credit impaired loans were not material at March 31, 2021 and September 30, 2020.
Loans Held for Sale	Loans Held for Sale For liquidity purposes generally, there are instances when loans originated with the intent to hold in portfolio are subsequently transferred to loans held for sale. At transfer, they are carried at the lower of cost or fair value.
Recent Accounting Developments	Recent Accounting Developments Adoption of New Accounting Standards In January 2017, the FASB issued ASU 2017-04, Intangibles - Goodwill and Other (Topic 350), “Simplifying the Test for Goodwill Impairment.” The amendments in this ASU simplify the subsequent measurement of goodwill by eliminating Step 2 from the goodwill impairment test. Under the amendments in this ASU, an entity should perform its annual or interim goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount and recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value, not exceeding the total amount of goodwill allocated to that reporting unit. Additionally, an entity should consider income tax effects from any tax-deductible goodwill on the carrying amount of the reporting unit when measuring the goodwill impairment loss, if applicable. The ASU also eliminates the requirement for any reporting unit with a zero or negative carrying amount to perform a qualitative assessment and, if it fails that qualitative test, to perform Step 2 of the goodwill impairment test. For non-public entities, ASU 2017-04 is effective for annual or interim goodwill impairment tests in fiscal years beginning after December 15, 2021 with early adoption permitted. The amendments are to be applied on a prospective basis. An entity is required to disclose the nature of and reason for the change in accounting principle upon transition within the first annual period when the entity initially adopts the amendments. The Company adopted ASU 2017-04 on October 1, 2019 and determined that there was no impairment of goodwill under the new method. Recent Accounting Pronouncements In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) which amended existing guidance that requires lessees to recognize the following for all leases (with the exception of short-term leases) at the commencement date: (1) A lease liability, which is a lessee’s obligation to make lease payments arising from a lease, measured on a discounted basis; and (2) A right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. Under the new guidance, lessor accounting is largely unchanged. Certain targeted improvements were made to align, where necessary, the lessor accounting model and Topic 606, Revenue from Contracts with Customers. For the Company, an emerging growth company electing to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act, ASU 2016-02 is effective for fiscal years beginning after December 15, 2021, and interim periods within fiscal years beginning after December 15, 2022, with early application permitted. Lessees (for capital and operating leases) and lessors (for sales-type, direct financing, and operating leases) must apply a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The modified retrospective approach would not require any transition accounting for leases that expired before the earliest comparative period presented. Lessees and lessors may not apply a full retrospective transition approach. The Company is currently evaluating the adoption impact of ASU 2016-02 on the consolidated financial statements. Based on leases outstanding at March 31, 2021, the Company does not expect adoption to have a material impact on the income statement but does anticipate a material impact to the Company’s consolidated statement of financial condition as a result of recognizing right-of-use assets and lease liabilities.

EARNINGS PER COMMON SHARE (Tabl

EARNINGS PER COMMON SHARE (Tables)	6 Months Ended
	Mar. 31, 2021
EARNINGS PER COMMON SHARE [Abstract]
Computation of Earnings Per Common Share	The computation of earnings per common share for the three and six months ended March 31, 2021 and 2020 follows (in thousands, except share and per share data). There were no stock options that were antidilutive for the three and six months ended March 31, 2021 and 2020. Three Months Ended March 31, Six Months Ended March 31, 2021 2020 2021 2020 Basic earnings per common share Net income $ 2,055 $ 249 $ 3,574 $ 2,019 Weighted average common shares outstanding 4,193,682 4,155,711 4,187,239 4,155,837 Basic earnings per common share $ 0.49 $ 0.06 $ 0.85 $ 0.49 Diluted earnings per common share Net income $ 2,055 $ 249 $ 3,574 $ 2,019 Weighted average common shares outstanding for basic earnings per common share 4,193,682 4,155,711 4,187,239 4,155,837 Add: dilutive effects of assumed exercises of stock options 65,339 66,247 65,039 64,168 Average shares and dilutive potential common shares 4,259,021 4,221,958 4,252,278 4,220,005 Diluted earnings per common share $ 0.48 $ 0.06 $ 0.84 $ 0.48

SECURITIES (Tables)

SECURITIES (Tables)	6 Months Ended
	Mar. 31, 2021
SECURITIES [Abstract]
Investment Securities Available for Sale and Held to Maturity	The amortized cost, fair value and gross unrealized gains and losses of the Company’s investment securities available for sale and held to maturity at March 31, 2021 and September 30, 2020 were as follows (in thousands): March 31, 2021 September 30, 2020 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Available for sale: U.S. GSE residential mortgage-backed securities $ 815 $ 117 $ - $ 932 $ 838 $ 124 $ - $ 962 Corporate bonds 6,700 171 (2 ) 6,869 5,000 73 - 5,073 Total available for sale securities 7,515 288 (2 ) 7,801 5,838 197 - 6,035 Held to maturity: U.S. GSE residential mortgage-backed securities 3,249 78 - 3,327 4,478 118 - 4,596 U.S. GSE commercial mortgage-backed securities 2,721 200 - 2,921 2,749 253 - 3,002 Corporate bonds 3,500 33 (4 ) 3,529 3,500 33 - 3,533 Total held to maturity securities 9,470 311 (4 ) 9,777 10,727 404 - 11,131 Total investment securities $ 16,985 $ 599 $ (6 ) $ 17,578 $ 16,565 $ 601 $ - $ 17,166
Securities Portfolio by Contractual Maturity	The amortized cost and fair value of the Company’s securities portfolio at March 31, 2021 (in thousands) are presented by contractual maturity in the table below. Expected maturities may differ from contractual maturities if borrowers have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately. March 31, 2021 Amortized Cost Fair Value Securities available for sale: Five to ten years $ 4,700 $ 4,869 After ten years 2,000 2,000 U.S. GSE residential mortgage-backed securities 815 932 Total securities available for sale 7,515 7,801 Securities held to maturity: One to five years 1,500 1,496 Five to ten years 2,000 2,033 U.S. GSE residential mortgage-backed securities 3,249 3,327 U.S. GSE commercial mortgage-backed securities 2,721 2,921 Total securities held to maturity 9,470 9,777 Total investment securities $ 16,985 $ 17,578

LOANS (Tables)

LOANS (Tables)	6 Months Ended
	Mar. 31, 2021
LOANS [Abstract]
Classification of Loans by Loan Portfolio Segment	The following table sets forth the classification of the Company’s loans by loan portfolio segment for the periods presented (in thousands). March 31, 2021 September 30, 2020 Residential real estate $ 432,495 $ 454,073 Multi-family 175,463 136,539 Commercial real estate 117,762 113,615 Commercial and industrial 38,154 21,100 Consumer 18 24 Gross loans 763,892 725,351 Net deferred fees (296 ) (332 ) Total loans 763,596 725,019 Allowance for loan losses (8,179 ) (7,869 ) Total loans, net $ 755,417 $ 717,150
Activity in Allowance for Loan Losses by Portfolio Segment	The following summarizes the activity in the allowance for loan losses by portfolio segment for the periods indicated (in thousands). Three Months Ended March 31, 2021 Three Months Ended March 31, 2020 Balance at beginning of period Charge-offs Recoveries (Credit) provision for loan losses Balance at end of period Balance at beginning of period Charge-offs Recoveries Provision (credit) for loan losses Balance at end of period Residential real estate $ 5,094 $ - $ - $ (243 ) $ 4,851 $ 4,685 $ - $ - $ 576 $ 5,261 Multi-family 1,619 - - 336 1,955 1,192 - - 248 1,440 Commercial real estate 1,221 - - 89 1,310 1,175 - - (114 ) 1,061 Commercial and industrial 44 - - 18 62 79 (300 ) - 300 79 Consumer 1 - - - 1 12 - - (10 ) 2 Total $ 7,979 $ - $ - $ 200 $ 8,179 $ 7,143 $ (300 ) $ - $ 1,000 $ 7,843 Six Months Ended March 31, 2021 Six Months Ended March 31, 2020 Balance at beginning of period Charge-offs Recoveries (Credit) provision for loan losses Balance at end of period Balance at beginning of period Charge-offs Recoveries Provision (credit) for loan losses Balance at end of period Residential real estate $ 5,103 $ - $ - $ (252 ) $ 4,851 $ 4,647 $ - $ - $ 614 $ 5,261 Multi-family 1,506 - - 449 1,955 1,215 - - 225 1,440 Commercial real estate 1,221 - - 89 1,310 1,193 - - (132 ) 1,061 Commercial and industrial 38 - 10 14 62 75 (300 ) - 304 79 Consumer 1 - - - 1 13 - - (11 ) 2 Total $ 7,869 $ - $ 10 $ 300 $ 8,179 $ 7,143 $ (300 ) $ - $ 1,000 $ 7,843
Allowance for Loan Losses and Recorded Investment by Portfolio Segment Based on Impairment Method	The following presents the balance in the allowance for loan losses and the recorded investment in loans by portfolio segment and based on impairment methodology for the periods indicated (in thousands). The recorded investment in loans excludes accrued interest receivable due to immateriality. Allowance for Loan Losses Loan Balances March 31, 2021 Individually evaluated for impairment Collectively evaluated for impairment Ending balance Individually evaluated for impairment Collectively evaluated for impairment Ending balance Residential real estate $ - $ 4,851 $ 4,851 $ 8,494 $ 423,982 $ 432,476 Multi-family - 1,955 1,955 1,324 174,455 175,779 Commercial real estate - 1,310 1,310 1,198 116,768 117,966 Commercial and industrial - 62 62 - 37,355 37,355 Consumer - 1 1 - 20 20 Total $ - $ 8,179 $ 8,179 $ 11,016 $ 752,580 $ 763,596 Allowance for Loan Losses Loan Balances September 30, 2020 Individually evaluated for impairment Collectively evaluated for impairment Ending balance Individually evaluated for impairment Collectively evaluated for impairment Ending balance Residential real estate $ - $ 5,103 $ 5,103 $ 2,221 $ 451,539 $ 453,760 Multi-family - 1,506 1,506 47 136,690 136,737 Commercial real estate - 1,221 1,221 629 113,129 113,758 Commercial and industrial - 38 38 334 20,404 20,738 Consumer - 1 1 - 26 26 Total $ - $ 7,869 $ 7,869 $ 3,231 $ 721,788 $ 725,019
Impaired Loans by Portfolio Segment	The following presents information related to the Company’s impaired loans by portfolio segment for the periods shown (in thousands). March 31, 2021 September 30, 2020 Unpaid Principal Balance Recorded Investment Allowance Allocated Unpaid Principal Balance Recorded Investment Allowance Allocated With no related allowance recorded: Residential real estate $ 8,494 $ 8,494 $ - $ 2,221 $ 2,221 $ - Multi-family 1,324 1,324 - 47 47 - Commercial real estate 1,198 1,198 - 629 629 - Commercial and industrial - - - 634 334 - Total $ 11,016 $ 11,016 $ - $ 3,531 $ 3,231 $ - Three Months Ended March 31, Six Months Ended March 31, 2021 2020 2021 2020 Average recorded investment Interest income recognized (1) Average recorded investment Interest income recognized (1) Average recorded investment Interest income recognized (1) Average recorded investment Interest income recognized (1) Residential real estate $ 7,880 $ 21 $ 2,241 $ 21 $ 6,767 $ 43 $ 1,977 $ 42 Multi-family 1,328 2 72 4 687 3 75 8 Commercial real estate 671 1 596 19 350 2 478 25 Commercial and industrial - - 534 - - - 584 - Total $ 9,879 $ 24 $ 3,443 $ 44 $ 7,804 $ 48 $ 3,114 $ 75 (1)
Past Due and Non-accrual Loans Disaggregated by Portfolio Segment	At March 31, 2021 and September 30, 2020, past due and non-accrual loans disaggregated by portfolio segment were as follows (dollars in thousands): Past Due and Non-Accrual March 31, 2021 30 - 59 days past due and accruing 60 - 89 days past due and accruing 90 days and over past due and accruing Non-accrual Total past due and non-accrual Current Total Residential real estate $ 1,336 $ - $ - $ 6,828 (1) $ 8,164 $ 424,312 $ 432,476 Multi-family - - - 1,324 (2) 1,324 174,455 175,779 Commercial real estate - - 322 1,198 (3) 1,520 116,446 117,966 Commercial and industrial - - - - - 37,355 37,355 Consumer - - - - - 20 20 Total $ 1,336 $ - $ 322 $ 9,350 $ 11,008 $ 752,588 $ 763,596 (1) (2) (3) Past Due and Non-Accrual September 30, 2020 30 - 59 days past due and accruing 60 - 89 days past due and accruing 90 days and over past due and accruing Non-accrual (1) Total past due and non-accrual Current Total Residential real estate $ 4,507 $ - $ - $ 538 $ 5,045 $ 448,715 $ 453,760 Multi-family - - - 47 47 136,690 136,737 Commercial real estate - - 296 34 330 113,428 113,758 Commercial and industrial - - - 334 334 20,404 20,738 Consumer - - - - - 26 26 Total $ 4,507 $ - $ 296 $ 953 $ 5,756 $ 719,263 $ 725,019 (1)
Loan Portfolio Based on Internal Rating Category	At March 31, 2021 and September 30, 2020, the Company’s loan portfolio by credit risk rating disaggregated by portfolio segment were as follows (dollars in thousands): March 31, 2021 September 30, 2020 Grade Grade Pass Special mention Substandard Total Pass Special mention Substandard Total Residential real estate $ 422,760 $ 2,888 $ 6,828 $ 432,476 $ 449,524 $ 2,893 $ 1,343 $ 453,760 Multi-family 170,454 4,001 1,324 175,779 135,396 1,294 47 136,737 Commercial real estate 116,154 - 1,812 117,966 111,457 893 1,408 113,758 Commercial and industrial 37,355 - - 37,355 20,404 - 334 20,738 Consumer 20 - - 20 26 - - 26 Total $ 746,743 $ 6,889 $ 9,964 $ 763,596 $ 716,807 $ 5,080 $ 3,132 $ 725,019

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	6 Months Ended
	Mar. 31, 2021
STOCK-BASED COMPENSATION [Abstract]
Summary of Stock Option Activity	A summary of stock option activity follows (aggregate intrinsic value in thousands): Number of Options Weighted- Average Exercise Price Per Share Aggregate Intrinsic Value Weighted- Average Remaining Contractual Term Outstanding, October 1, 2020 155,506 $ 11.35 $ 1,623 4.66 years Granted - - Exercised - - Forfeited - - Outstanding, March 31, 2021 (1) 155,506 $ 11.35 $ 1,656 4.16 years (1)
Summary of Restricted Stock Activity	A summary of restricted stock activity follows: Number of Shares Weighted- Average Grant Date Fair Value Unvested, October 1, 2020 95,052 $ 19.56 Granted 15,727 21.93 Vested (15,879 ) 18.96 Forfeited (667 ) 21.79 Unvested, March 31, 2021 94,233 $ 20.04

REGULATORY MATTERS (Tables)

REGULATORY MATTERS (Tables)	6 Months Ended
	Mar. 31, 2021
REGULATORY MATTERS [Abstract]
Capital Amounts and Ratios	The Bank’s capital amounts (in thousands) and ratios are presented in the table that follows. Actual Required for capital adequacy purposes Excess of amount required for capital adequacy purposes (1) To be Well Capitalized under prompt corrective action regulations Amount Ratio Amount Ratio Amount Ratio Amount Ratio March 31, 2021 Total capital to risk-weighted assets $ 109,302 22.49 % $ 38,882 8.00 % $ 70,420 14.49 % $ 48,602 10.00 % Tier 1 capital to risk-weighted assets 103,199 21.23 % 29,161 6.00 % 74,038 15.23 % 38,882 8.00 % Common equity tier 1 capital to risk-weighted assets 103,199 21.23 % 21,871 4.50 % 81,328 16.73 % 31,591 6.50 % Tier 1 capital to adjusted average assets (leverage) 103,199 12.00 % 34,401 4.00 % N/A N/A 43,001 5.00 % September 30, 2020 Total capital to risk-weighted assets $ 95,079 20.57 % $ 36,970 8.00 % $ 58,109 12.57 % $ 46,212 10.00 % Tier 1 capital to risk-weighted assets 89,275 19.32 % 27,727 6.00 % 61,548 13.32 % 36,970 8.00 % Common equity tier 1 capital to risk-weighted assets 89,275 19.32 % 20,796 4.50 % 68,479 14.82 % 30,038 6.50 % Tier 1 capital to adjusted average assets (leverage) 89,275 11.22 % 31,820 4.00 % N/A N/A 39,775 5.00 % (1)

FAIR VALUE (Tables)

FAIR VALUE (Tables)	6 Months Ended
	Mar. 31, 2021
FAIR VALUE [Abstract]
Fair Value Measurements on Recurring Basis	The following presents fair value measurements on a recurring basis at March 31, 2021 and September 30, 2020 (in thousands): Fair Value Measurements Using Assets: March 31, 2021 Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Securities available for sale: U.S. GSE residential mortgage-backed securities $ 932 $ 932 $ - Corporate bonds 6,869 6,869 - Mortgage servicing rights 130 - 130 Total $ 7,931 $ 7,801 $ 130 Fair Value Measurements Using Assets: September 30, 2020 Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Securities available for sale: U.S. GSE residential mortgage-backed securities $ 962 $ 962 $ - Corporate bonds 5,073 5,073 - Mortgage servicing rights 155 - 155 Total $ 6,190 $ 6,035 $ 155
Reconciliations for Mortgage Servicing Rights Measured at Fair Value on Recurring Basis Using Significant Unobservable Inputs (Level 3)	Reconciliations for mortgage servicing rights measured at fair value on a recurring basis using significant unobservable inputs (Level 3) follow (in thousands). Three Months Ended March 31, Six Months Ended March 31, 2021 2020 2021 2020 Beginning balance $ 144 $ 247 $ 155 $ 266 Adjustment to fair value (14 ) (48 ) (25 ) (67 ) Ending balance $ 130 $ 199 $ 130 $ 199
Carrying Amounts and Estimated Fair Value of Financial Instruments	The following presents the carrying amounts and estimated fair values of the Company Fair Value Measurements Using March 31, 2021 Carrying Amount Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Fair Value Financial Assets: Cash and cash equivalents $ 77,529 $ 77,529 $ - $ - $ 77,529 Securities held to maturity 9,470 - 9,777 - 9,777 Loans, net 755,417 - - 780,793 780,793 Accrued interest receivable 6,490 - 153 6,337 6,490 Financial Liabilities: Time deposits 305,192 - 306,567 - 306,567 Demand and other deposits 412,992 412,992 - - 412,992 Borrowings 56,417 - 56,526 - 56,526 Subordinated debentures 24,482 - 26,493 - 26,493 Accrued interest payable 788 1 787 - 788 Fair Value Measurements Using September 30, 2020 Carrying Amount Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Total Fair Value Financial Assets: Cash and cash equivalents $ 80,209 $ 80,209 $ - $ - $ 80,209 Securities held to maturity 10,727 - 11,131 - 11,131 Loans, net 717,150 - - 746,969 746,969 Accrued interest receivable 6,766 - 218 6,548 6,766 Financial Liabilities: Time deposits 394,753 - 397,842 - 397,842 Demand and other deposits 270,007 270,007 - - 270,007 Borrowings 85,154 - 87,052 - 87,052 Note payable 14,984 - - 15,329 15,329 Accrued interest payable 374 1 339 34 374

BORROWINGS (Tables)

BORROWINGS (Tables)	6 Months Ended
	Mar. 31, 2021
Borrowings [Abstract]
Outstanding FHLB Advances Contractual Maturities	The following presents the Company’s outstanding FHLB advances contractual maturities in the fiscal years shown (dollars in thousands): At March 31, 2021 Maturity Amount Weighted Average Rate 2021 $ 22,177 1.51 % 2022 4,000 2.02 % 2023 4,300 1.15 % 2024 18,860 0.98 % 2025 7,080 0.58 % $ 56,417 1.23 %

BASIS OF PRESENTATION, RISKS _3

BASIS OF PRESENTATION, RISKS AND UNCERTAINTIES, ACCOUNTING POLICIES AND RECENT ACCOUNTING DEVELOPMENTS (Details) $ in Thousands	6 Months Ended
	Mar. 31, 2021USD ($)Loan
Financial Asset Acquired with Credit Deterioration [Member]
Loans and Loan Interest Income Recognition [Abstract]
Number of loans | Loan	2
Chinatown Federal Savings Bank [Member]
Goodwill Adjustment [Abstract]
Reduction of previously reported goodwill resulting from acquisition | $	$ (191)

EARNINGS PER COMMON SHARE (Deta

EARNINGS PER COMMON SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
EARNINGS PER COMMON SHARE [Abstract]
Antidilutive stock options (in shares)	0	0	0	0
Basic earnings per common share [Abstract]
Net income	$ 2,055	$ 249	$ 3,574	$ 2,019
Weighted average common shares outstanding (in shares)	4,193,682	4,155,711	4,187,239	4,155,837
Basic earnings per common share (in dollars per share)	$ 0.49	$ 0.06	$ 0.85	$ 0.49
Diluted earnings per common share [Abstract]
Net income	$ 2,055	$ 249	$ 3,574	$ 2,019
Weighted average common shares outstanding (in shares)	4,193,682	4,155,711	4,187,239	4,155,837
Add: dilutive effects of assumed exercises of stock options (in shares)	65,339	66,247	65,039	64,168
Average shares and dilutive potential common shares (in shares)	4,259,021	4,221,958	4,252,278	4,220,005
Diluted earnings per common share (in dollars per share)	$ 0.48	$ 0.06	$ 0.84	$ 0.48

SECURITIES, Investment Securiti

SECURITIES, Investment Securities Available for Sale and Held to Maturity (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Sep. 30, 2020
Available for sale [Abstract]
Amortized cost	$ 7,515	$ 5,838
Gross unrealized gains	288	197
Gross unrealized losses	(2)	0
Fair value	7,801	6,035
Held to maturity [Abstract]
Amortized cost	9,470	10,727
Gross unrealized gains	311	404
Gross unrealized losses	(4)	0
Fair value	9,777	11,131
Investment Securities [Abstract]
Amortized cost	16,985	16,565
Gross unrealized gains	599	601
Gross unrealized losses	(6)	0
Fair value	17,578	17,166
Gross unrealized losses in a continuous loss position for less than twelve months	6
Gross unrealized losses in a continuous loss position		0
Investment securities pledged to secure public deposits	1,400	5,600
U.S. GSE Securities [Member]
Available for sale [Abstract]
Amortized cost	815	838
Gross unrealized gains	117	124
Gross unrealized losses	0	0
Fair value	932	962
U.S. GSE Securities [Member] | Residential Mortgage Backed Securities [Member]
Held to maturity [Abstract]
Amortized cost	3,249	4,478
Gross unrealized gains	78	118
Gross unrealized losses	0	0
Fair value	3,327	4,596
U.S. GSE Securities [Member] | Commercial Mortgage Backed Securities [Member]
Held to maturity [Abstract]
Amortized cost	2,721	2,749
Gross unrealized gains	200	253
Gross unrealized losses	0	0
Fair value	2,921	3,002
Corporate Bonds [Member]
Available for sale [Abstract]
Amortized cost	6,700	5,000
Gross unrealized gains	171	73
Gross unrealized losses	(2)	0
Fair value	6,869	5,073
Held to maturity [Abstract]
Amortized cost	3,500	3,500
Gross unrealized gains	33	33
Gross unrealized losses	(4)	0
Fair value	$ 3,529	$ 3,533

SECURITIES, Securities Portfoli

SECURITIES, Securities Portfolio Presented by Contractual Maturity (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020	Sep. 30, 2020
Securities Available for Sale, Amortized Cost [Abstract]
Five to ten years	$ 4,700		$ 4,700
After ten years	2,000		2,000
Amortized cost	7,515		7,515		$ 5,838
Securities Available for Sale, Fair Value [Abstract]
Five to ten years	4,869		4,869
After ten years	2,000		2,000
Fair value	7,801		7,801		6,035
Securities Held to Maturity, Amortized Cost [Abstract]
One to five years	1,500		1,500
Five to ten years	2,000		2,000
Amortized cost	9,470		9,470		10,727
Securities Held to Maturity, Fair Value [Abstract]
One to five years	1,496		1,496
Five to ten years	2,033		2,033
Fair value	9,777		9,777		11,131
Investment Securities [Abstract]
Amortized cost	16,985		16,985		16,565
Fair value	17,578		17,578		17,166
Proceeds from sales of securities available for sale	3,200	$ 0	3,240	$ 0
Recognized gross gain	240		240
U.S. GSE Securities [Member]
Securities Available for Sale, Amortized Cost [Abstract]
Amortized cost	815		815		838
Securities Available for Sale, Fair Value [Abstract]
Fair value	932		932		962
U.S. GSE Securities [Member] | Residential Mortgage Backed Securities [Member]
Securities Available for Sale, Amortized Cost [Abstract]
Without single maturity date	815		815
Securities Available for Sale, Fair Value [Abstract]
Without single maturity date	932		932
Securities Held to Maturity, Amortized Cost [Abstract]
Without single maturity date	3,249		3,249
Amortized cost	3,249		3,249		4,478
Securities Held to Maturity, Fair Value [Abstract]
Without single maturity date	3,327		3,327
Fair value	3,327		3,327		4,596
U.S. GSE Securities [Member] | Commercial Mortgage Backed Securities [Member]
Securities Held to Maturity, Amortized Cost [Abstract]
Without single maturity date	2,721		2,721
Amortized cost	2,721		2,721		2,749
Securities Held to Maturity, Fair Value [Abstract]
Without single maturity date	2,921		2,921
Fair value	$ 2,921		$ 2,921		$ 3,002

LOANS, Classification of Loans

LOANS, Classification of Loans (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2021USD ($)Loan	Mar. 31, 2020USD ($)	Mar. 31, 2021USD ($)Loan	Mar. 31, 2020USD ($)	Dec. 31, 2020USD ($)	Sep. 30, 2020USD ($)	Dec. 31, 2019USD ($)	Sep. 30, 2019USD ($)
Classification of Loans by Loan Portfolio Segment [Abstract]
Gross loans	$ 763,892		$ 763,892			$ 725,351
Net deferred fees	(296)		(296)			(332)
Total Loans	763,596		763,596			725,019
Allowance for loan losses	(8,179)	$ (7,843)	(8,179)	$ (7,843)	$ (7,979)	(7,869)	$ (7,143)	$ (7,143)
Loans held for investment, net	755,417		755,417			717,150
Servicing of loans to others	32,200		32,200			26,800
Loans held for sale	893		893			0
Amount from sale of loans	9,400	9,900	17,800	30,100
Recognized net gains amount	$ 295	339	$ 476	902
PPP Loans [Member]
Classification of Loans by Loan Portfolio Segment [Abstract]
Interest rate	1.00%		1.00%
Number of loans forgiven | Loan	8		8
Amount of loans forgiven	$ 868		$ 868
PPP Loans [Member] | Minimum [Member]
Classification of Loans by Loan Portfolio Segment [Abstract]
Loan term			2 years
PPP Loans [Member] | Maximum [Member]
Classification of Loans by Loan Portfolio Segment [Abstract]
Loan term			5 years
Residential Real Estate [Member]
Classification of Loans by Loan Portfolio Segment [Abstract]
Gross loans	432,495		$ 432,495			454,073
Total Loans	432,476		432,476			453,760
Allowance for loan losses	(4,851)	(5,261)	(4,851)	(5,261)	(5,094)	(5,103)	(4,685)	(4,647)
Multi-family [Member]
Classification of Loans by Loan Portfolio Segment [Abstract]
Gross loans	175,463		175,463			136,539
Total Loans	175,779		175,779			136,737
Allowance for loan losses	(1,955)	(1,440)	(1,955)	(1,440)	(1,619)	(1,506)	(1,192)	(1,215)
Commercial Real Estate [Member]
Classification of Loans by Loan Portfolio Segment [Abstract]
Gross loans	117,762		117,762			113,615
Total Loans	117,966		117,966			113,758
Allowance for loan losses	(1,310)	(1,061)	(1,310)	(1,061)	(1,221)	(1,221)	(1,175)	(1,193)
Commercial and Industrial [Member]
Classification of Loans by Loan Portfolio Segment [Abstract]
Gross loans	38,154		38,154			21,100
Total Loans	37,355		37,355			20,738
Allowance for loan losses	(62)	(79)	(62)	(79)	(44)	(38)	(79)	(75)
Commercial and Industrial [Member] | PPP Loans [Member]
Classification of Loans by Loan Portfolio Segment [Abstract]
Gross loans	33,500		33,500			17,600
Consumer [Member]
Classification of Loans by Loan Portfolio Segment [Abstract]
Gross loans	18		18			24
Total Loans	20		20			26
Allowance for loan losses	$ (1)	$ (2)	$ (1)	$ (2)	$ (1)	$ (1)	$ (12)	$ (13)

LOANS, Allowance for Loan Losse

LOANS, Allowance for Loan Losses by Portfolio Segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Allowance for loan losses by portfolio segment [Roll Forward]
Balance at beginning of period	$ 7,979	$ 7,143	$ 7,869	$ 7,143
Charge-offs	0	(300)	0	(300)
Recoveries	0	0	10	0
Provision (credit) for loan losses	200	1,000	300	1,000
Balance at end of period	8,179	7,843	8,179	7,843
Residential Real Estate [Member]
Allowance for loan losses by portfolio segment [Roll Forward]
Balance at beginning of period	5,094	4,685	5,103	4,647
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provision (credit) for loan losses	(243)	576	(252)	614
Balance at end of period	4,851	5,261	4,851	5,261
Multi-family [Member]
Allowance for loan losses by portfolio segment [Roll Forward]
Balance at beginning of period	1,619	1,192	1,506	1,215
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provision (credit) for loan losses	336	248	449	225
Balance at end of period	1,955	1,440	1,955	1,440
Commercial Real Estate [Member]
Allowance for loan losses by portfolio segment [Roll Forward]
Balance at beginning of period	1,221	1,175	1,221	1,193
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provision (credit) for loan losses	89	(114)	89	(132)
Balance at end of period	1,310	1,061	1,310	1,061
Commercial and Industrial [Member]
Allowance for loan losses by portfolio segment [Roll Forward]
Balance at beginning of period	44	79	38	75
Charge-offs	0	(300)	0	(300)
Recoveries	0	0	10	0
Provision (credit) for loan losses	18	300	14	304
Balance at end of period	62	79	62	79
Consumer [Member]
Allowance for loan losses by portfolio segment [Roll Forward]
Balance at beginning of period	1	12	1	13
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provision (credit) for loan losses	0	(10)	0	(11)
Balance at end of period	$ 1	$ 2	$ 1	$ 2

LOANS, Allowance for Loan Los_2

LOANS, Allowance for Loan Losses and Recorded Investment in Loans by Portfolio Segment Based on Impairment Method (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019
Allowance for Loan Losses [Abstract]
Ending balance, individually evaluated for impairment	$ 0		$ 0
Ending balance, collectively evaluated for impairment	8,179		7,869
Total ending allowance	8,179	$ 7,979	7,869	$ 7,843	$ 7,143	$ 7,143
Loan Balances [Abstract]
Ending balance, individually evaluated for impairment	11,016		3,231
Ending balance, collectively evaluated for impairment	752,580		721,788
Total Loans	763,596		725,019
Residential Real Estate [Member]
Allowance for Loan Losses [Abstract]
Ending balance, individually evaluated for impairment	0		0
Ending balance, collectively evaluated for impairment	4,851		5,103
Total ending allowance	4,851	5,094	5,103	5,261	4,685	4,647
Loan Balances [Abstract]
Ending balance, individually evaluated for impairment	8,494		2,221
Ending balance, collectively evaluated for impairment	423,982		451,539
Total Loans	432,476		453,760
Multi-family [Member]
Allowance for Loan Losses [Abstract]
Ending balance, individually evaluated for impairment	0		0
Ending balance, collectively evaluated for impairment	1,955		1,506
Total ending allowance	1,955	1,619	1,506	1,440	1,192	1,215
Loan Balances [Abstract]
Ending balance, individually evaluated for impairment	1,324		47
Ending balance, collectively evaluated for impairment	174,455		136,690
Total Loans	175,779		136,737
Commercial Real Estate [Member]
Allowance for Loan Losses [Abstract]
Ending balance, individually evaluated for impairment	0		0
Ending balance, collectively evaluated for impairment	1,310		1,221
Total ending allowance	1,310	1,221	1,221	1,061	1,175	1,193
Loan Balances [Abstract]
Ending balance, individually evaluated for impairment	1,198		629
Ending balance, collectively evaluated for impairment	116,768		113,129
Total Loans	117,966		113,758
Commercial and Industrial [Member]
Allowance for Loan Losses [Abstract]
Ending balance, individually evaluated for impairment	0		0
Ending balance, collectively evaluated for impairment	62		38
Total ending allowance	62	44	38	79	79	75
Loan Balances [Abstract]
Ending balance, individually evaluated for impairment	0		334
Ending balance, collectively evaluated for impairment	37,355		20,404
Total Loans	37,355		20,738
Consumer [Member]
Allowance for Loan Losses [Abstract]
Ending balance, individually evaluated for impairment	0		0
Ending balance, collectively evaluated for impairment	1		1
Total ending allowance	1	$ 1	1	$ 2	$ 12	$ 13
Loan Balances [Abstract]
Ending balance, individually evaluated for impairment	0		0
Ending balance, collectively evaluated for impairment	20		26
Total Loans	$ 20		$ 26

LOANS, Impaired Loans (Details)

LOANS, Impaired Loans (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020	Sep. 30, 2020
With no related allowance recorded [Abstract]
Unpaid principal balance		$ 11,016		$ 11,016		$ 3,531
Recorded investment		11,016		11,016		3,231
Average recorded investment and interest income recognized [Abstract]
Average recorded investment		9,879	$ 3,443	7,804	$ 3,114
Interest income recognized	[1]	24	44	48	75
Residential Real Estate [Member]
With no related allowance recorded [Abstract]
Unpaid principal balance		8,494		8,494		2,221
Recorded investment		8,494		8,494		2,221
Average recorded investment and interest income recognized [Abstract]
Average recorded investment		7,880	2,241	6,767	1,977
Interest income recognized	[1]	21	21	43	42
Multi-family [Member]
With no related allowance recorded [Abstract]
Unpaid principal balance		1,324		1,324		47
Recorded investment		1,324		1,324		47
Average recorded investment and interest income recognized [Abstract]
Average recorded investment		1,328	72	687	75
Interest income recognized	[1]	2	4	3	8
Commercial Real Estate [Member]
With no related allowance recorded [Abstract]
Unpaid principal balance		1,198		1,198		629
Recorded investment		1,198		1,198		629
Average recorded investment and interest income recognized [Abstract]
Average recorded investment		671	596	350	478
Interest income recognized	[1]	1	19	2	25
Commercial and Industrial [Member]
With no related allowance recorded [Abstract]
Unpaid principal balance		0		0		634
Recorded investment		0		0		$ 334
Average recorded investment and interest income recognized [Abstract]
Average recorded investment		0	534	0	584
Interest income recognized	[1]	$ 0	$ 0	$ 0	$ 0
[1]	Accrual basis interest income recognized approximates cash basis income.

LOANS, Loan Portfolio Past Due

LOANS, Loan Portfolio Past Due and Non-Accrual Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2021		Sep. 30, 2020
Loan Portfolio Past Due and Non-Accrual Loans [Abstract]
Non-accrual	$ 9,350		$ 953	[1]
Total past due and non-accrual	11,008		5,756
Current	752,588		719,263
Total Loans	763,596		725,019
30-59 Days Past Due [Member]
Loan Portfolio Past Due and Non-Accrual Loans [Abstract]
Past due	1,336		4,507
60-89 Days Past Due [Member]
Loan Portfolio Past Due and Non-Accrual Loans [Abstract]
Past due	0		0
90 Days or Over Past Due [Member]
Loan Portfolio Past Due and Non-Accrual Loans [Abstract]
90 days and over past due and accruing	322		296
Residential Real Estate [Member]
Loan Portfolio Past Due and Non-Accrual Loans [Abstract]
Non-accrual	6,828	[2]	538	[1]
Total past due and non-accrual	8,164		5,045
Current	424,312		448,715
Total Loans	432,476		453,760
Residential Real Estate [Member] | 30-59 Days Past Due [Member]
Loan Portfolio Past Due and Non-Accrual Loans [Abstract]
Past due	1,336		4,507
Residential Real Estate [Member] | 60-89 Days Past Due [Member]
Loan Portfolio Past Due and Non-Accrual Loans [Abstract]
Past due	0		0
Residential Real Estate [Member] | 90 Days or Over Past Due [Member]
Loan Portfolio Past Due and Non-Accrual Loans [Abstract]
90 days and over past due and accruing	0		0
Non-accrual	4,908
Residential Real Estate [Member] | Not Past Due [Member]
Loan Portfolio Past Due and Non-Accrual Loans [Abstract]
Non-accrual	1,920
Multi-family [Member]
Loan Portfolio Past Due and Non-Accrual Loans [Abstract]
Non-accrual	1,324	[3]	47	[1]
Total past due and non-accrual	1,324		47
Current	174,455		136,690
Total Loans	175,779		136,737
Multi-family [Member] | 30-59 Days Past Due [Member]
Loan Portfolio Past Due and Non-Accrual Loans [Abstract]
Past due	0		0
Multi-family [Member] | 60-89 Days Past Due [Member]
Loan Portfolio Past Due and Non-Accrual Loans [Abstract]
Past due	0		0
Multi-family [Member] | 90 Days or Over Past Due [Member]
Loan Portfolio Past Due and Non-Accrual Loans [Abstract]
90 days and over past due and accruing	0		0
Non-accrual	37
Multi-family [Member] | Not Past Due [Member]
Loan Portfolio Past Due and Non-Accrual Loans [Abstract]
Non-accrual	1,287
Commercial Real Estate [Member]
Loan Portfolio Past Due and Non-Accrual Loans [Abstract]
Non-accrual	1,198	[4]	34	[1]
Total past due and non-accrual	1,520		330
Current	116,446		113,428
Total Loans	117,966		113,758
Commercial Real Estate [Member] | 30-59 Days Past Due [Member]
Loan Portfolio Past Due and Non-Accrual Loans [Abstract]
Past due	0		0
Commercial Real Estate [Member] | 60-89 Days Past Due [Member]
Loan Portfolio Past Due and Non-Accrual Loans [Abstract]
Past due	0		0
Commercial Real Estate [Member] | 90 Days or Over Past Due [Member]
Loan Portfolio Past Due and Non-Accrual Loans [Abstract]
90 days and over past due and accruing	322		296
Non-accrual	18
Commercial Real Estate [Member] | Not Past Due [Member]
Loan Portfolio Past Due and Non-Accrual Loans [Abstract]
Non-accrual	1,180
Commercial and Industrial [Member]
Loan Portfolio Past Due and Non-Accrual Loans [Abstract]
Non-accrual	0		334	[1]
Total past due and non-accrual	0		334
Current	37,355		20,404
Total Loans	37,355		20,738
Commercial and Industrial [Member] | 30-59 Days Past Due [Member]
Loan Portfolio Past Due and Non-Accrual Loans [Abstract]
Past due	0		0
Commercial and Industrial [Member] | 60-89 Days Past Due [Member]
Loan Portfolio Past Due and Non-Accrual Loans [Abstract]
Past due	0		0
Commercial and Industrial [Member] | 90 Days or Over Past Due [Member]
Loan Portfolio Past Due and Non-Accrual Loans [Abstract]
90 days and over past due and accruing	0		0
Consumer [Member]
Loan Portfolio Past Due and Non-Accrual Loans [Abstract]
Non-accrual	0		0	[1]
Total past due and non-accrual	0		0
Current	20		26
Total Loans	20		26
Consumer [Member] | 30-59 Days Past Due [Member]
Loan Portfolio Past Due and Non-Accrual Loans [Abstract]
Past due	0		0
Consumer [Member] | 60-89 Days Past Due [Member]
Loan Portfolio Past Due and Non-Accrual Loans [Abstract]
Past due	0		0
Consumer [Member] | 90 Days or Over Past Due [Member]
Loan Portfolio Past Due and Non-Accrual Loans [Abstract]
90 days and over past due and accruing	$ 0		$ 0
[1]	Non-accrual loans at September 30, 2020 were 90 days or more past due.
[2]	Of the residential real estate non-accrual loans at March 31, 2021, $1,920 were not past due and $4,908 were 90 days or more past due.
[3]	Of the multi-family non-accrual loans at March 31, 2021, $1,287 were not past due and $37 were 90 days or more past due.
[4]	Of the commercial real estate non-accrual loans at March 31, 2021, $1,180 were not past due and $18 were 90 days or more past due.

LOANS, Troubled Debt Restructur

LOANS, Troubled Debt Restructurings (Details) $ in Millions	3 Months Ended		6 Months Ended
	Mar. 31, 2021USD ($)Loan	Mar. 31, 2020Loan	Mar. 31, 2021USD ($)Loan	Mar. 31, 2020Loan	Sep. 30, 2020USD ($)
Troubled Debt Restructurings [Abstract]
Recorded investment in TDRs	$ 1.7		$ 1.7		$ 1.7
Specific reserves allocated to troubled debt restructurings	0		0		0
Commitments to lend additional funds in troubled debt restructurings	$ 0		$ 0		$ 0
TDR's with subsequent payment default | Loan	0	0	0	0
Threshold period for payment default	90 days
Number of TDR's | Loan	0	0	0	0
Modifications Excluded from TDR Classification [Abstract]
Forbearance period of monthly payments	180 days
Additional forbearance period of monthly payments	180 days
COVID-19 [Member]
Modifications Excluded from TDR Classification [Abstract]
Aggregate number of loan modifications made by other than troubled debt restructurings | Loan	393
Aggregate amount of loan modifications made by other than troubled debt restructurings, aggregate principal balances	$ 220.4		$ 220.4
Number of loans in forbearance | Loan	36		36
Amount of loans in forbearance	$ 22.8		$ 22.8
Number of loans in forbearance, qualified | Loan	27		27
Amount of loans in forbearance, qualified	$ 16		$ 16

LOANS, Loan Portfolio by Credit

LOANS, Loan Portfolio by Credit Risk Rating (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Sep. 30, 2020
Loans Portfolio by Credit Risk Rating [Abstract]
Total	$ 763,596	$ 725,019
Pass [Member]
Loans Portfolio by Credit Risk Rating [Abstract]
Total	746,743	716,807
Special Mention [Member]
Loans Portfolio by Credit Risk Rating [Abstract]
Total	6,889	5,080
Substandard [Member]
Loans Portfolio by Credit Risk Rating [Abstract]
Total	9,964	3,132
Residential Real Estate [Member]
Loans Portfolio by Credit Risk Rating [Abstract]
Total	432,476	453,760
Residential Real Estate [Member] | Pass [Member]
Loans Portfolio by Credit Risk Rating [Abstract]
Total	422,760	449,524
Residential Real Estate [Member] | Special Mention [Member]
Loans Portfolio by Credit Risk Rating [Abstract]
Total	2,888	2,893
Residential Real Estate [Member] | Substandard [Member]
Loans Portfolio by Credit Risk Rating [Abstract]
Total	6,828	1,343
Multi-family [Member]
Loans Portfolio by Credit Risk Rating [Abstract]
Total	175,779	136,737
Multi-family [Member] | Pass [Member]
Loans Portfolio by Credit Risk Rating [Abstract]
Total	170,454	135,396
Multi-family [Member] | Special Mention [Member]
Loans Portfolio by Credit Risk Rating [Abstract]
Total	4,001	1,294
Multi-family [Member] | Substandard [Member]
Loans Portfolio by Credit Risk Rating [Abstract]
Total	1,324	47
Commercial Real Estate [Member]
Loans Portfolio by Credit Risk Rating [Abstract]
Total	117,966	113,758
Commercial Real Estate [Member] | Pass [Member]
Loans Portfolio by Credit Risk Rating [Abstract]
Total	116,154	111,457
Commercial Real Estate [Member] | Special Mention [Member]
Loans Portfolio by Credit Risk Rating [Abstract]
Total	0	893
Commercial Real Estate [Member] | Substandard [Member]
Loans Portfolio by Credit Risk Rating [Abstract]
Total	1,812	1,408
Commercial and Industrial [Member]
Loans Portfolio by Credit Risk Rating [Abstract]
Total	37,355	20,738
Commercial and Industrial [Member] | Pass [Member]
Loans Portfolio by Credit Risk Rating [Abstract]
Total	37,355	20,404
Commercial and Industrial [Member] | Special Mention [Member]
Loans Portfolio by Credit Risk Rating [Abstract]
Total	0	0
Commercial and Industrial [Member] | Substandard [Member]
Loans Portfolio by Credit Risk Rating [Abstract]
Total	0	334
Consumer [Member]
Loans Portfolio by Credit Risk Rating [Abstract]
Total	20	26
Consumer [Member] | Pass [Member]
Loans Portfolio by Credit Risk Rating [Abstract]
Total	20	26
Consumer [Member] | Special Mention [Member]
Loans Portfolio by Credit Risk Rating [Abstract]
Total	0	0
Consumer [Member] | Substandard [Member]
Loans Portfolio by Credit Risk Rating [Abstract]
Total	$ 0	$ 0

STOCK-BASED COMPENSATION (Detai

STOCK-BASED COMPENSATION (Details) - 2018 Plan [Member]	Mar. 31, 2021shares
Stock-based Compensation [Abstract]
Number of common shares approved for issuance (in shares)	346,000
Number of shares available for issuance (in shares)	207,681

STOCK-BASED COMPENSATION, Stock

STOCK-BASED COMPENSATION, Stock Option (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	6 Months Ended			12 Months Ended
	Mar. 31, 2020	Mar. 31, 2021		Mar. 31, 2020	Sep. 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cash received from option exercises		$ 0		$ 107
Number of Options [Roll Forward]
Exercised (in shares)	(10,735)			(10,735)
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period				3 years
Contractual term				10 years
Intrinsic value of options exercised				$ 127
Cash received from option exercises				107
Tax benefits recognized resulting from option exercises	$ 44			44
Number of Options [Roll Forward]
Outstanding, beginning of period (in shares)		155,506
Granted (in shares)		0
Exercised (in shares)		0
Forfeited (in shares)		0
Outstanding, end of period (in shares)		155,506	[1]		155,506
Weighted-Average Exercise Price Per Share [Roll Forward]
Outstanding, beginning of period (in dollars per share)		$ 11.35
Granted (in dollars per share)		0
Exercised (in dollars per share)		0
Forfeited (in dollars per share)		0
Outstanding, end of period (in dollars per share)		$ 11.35	[1]		$ 11.35
Aggregate intrinsic value, outstanding		$ 1,656	[1]		$ 1,623
Weighted-average remaining contractual term, outstanding		4 years 1 month 28 days	[1]		4 years 7 months 28 days
Compensation expenses	$ 5	$ 0		$ 10
[1]	All outstanding options are fully vested and exercisable.

STOCK-BASED COMPENSATION, Restr

STOCK-BASED COMPENSATION, Restricted Stock (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Weighted-Average Grant Date Fair Value [Roll Forward]
Number of shares withheld to pay taxes due upon vesting (in shares)	331		441
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period			3 years
Number of Shares [Roll Forward]
Unvested, beginning of period (in shares)			95,052
Granted (in shares)			15,727
Vested (in shares)			(15,879)
Forfeited (in shares)			(667)
Unvested, end of period (in shares)	94,233		94,233
Weighted-Average Grant Date Fair Value [Roll Forward]
Unvested, beginning of period (in dollars per share)			$ 19.56
Granted (in dollars per share)			21.93
Vested (in dollars per share)			18.96
Forfeited (in dollars per share)			21.79
Unvested, end of period (in dollars per share)	$ 20.04		$ 20.04
Compensation expenses	$ 216	$ 180	$ 445	$ 322
Unrealized compensation cost	$ 1,400		$ 1,400
Weighted-average term for recognizing unrealized compensation cost			1 year 8 months 23 days
Total fair value of shares vested			$ 349	$ 253
Number of shares withheld to pay taxes due upon vesting (in shares)			441	0

REGULATORY MATTERS (Details)

REGULATORY MATTERS (Details) $ in Thousands		3 Months Ended
		Mar. 31, 2021USD ($)	Sep. 30, 2020USD ($)
Total capital to risk-weighted assets [Abstract]
Actual, Amount		$ 109,302	$ 95,079
Actual, Ratio		0.2249	0.2057
Required for capital adequacy purposes, Amount		$ 38,882	$ 36,970
Required for capital adequacy purposes, Ratio		0.0800	0.0800
Excess of amount required for capital adequacy purposes, Amount	[1]	$ 70,420	$ 58,109
Excess of amount required for capital adequacy purposes, Ratio	[1]	0.1449	0.1257
To be Well Capitalized under prompt corrective action regulations, Amount		$ 48,602	$ 46,212
To be Well Capitalized under prompt corrective action regulations, Ratio		0.1000	0.1000
Tier 1 capital to risk-weighted assets [Abstract]
Actual, Amount		$ 103,199	$ 89,275
Actual, Ratio		0.2123	0.1932
Required for capital adequacy purposes, Amount		$ 29,161	$ 27,727
Required for capital adequacy purposes, Ratio		0.0600	0.0600
Excess of amount required for capital adequacy purposes, Amount	[1]	$ 74,038	$ 61,548
Excess of amount required for capital adequacy purposes, Ratio	[1]	0.1523	0.1332
To be Well Capitalized under prompt corrective action regulations, Amount		$ 38,882	$ 36,970
To be Well Capitalized under prompt corrective action regulations, Ratio		0.0800	0.0800
Common equity tier 1 capital to risk-weighted assets [Abstract]
Actual, Amount		$ 103,199	$ 89,275
Actual, Ratio		0.2123	0.1932
Required for capital adequacy purposes, Amount		$ 21,871	$ 20,796
Required for capital adequacy purposes, Ratio		0.0450	0.0450
Excess of amount required for capital adequacy purposes, Amount	[1]	$ 81,328	$ 68,479
Excess of amount required for capital adequacy purposes, Ratio	[1]	0.1673	0.1482
To be Well Capitalized under prompt corrective action regulations, Amount		$ 31,591	$ 30,038
To be Well Capitalized under prompt corrective action regulations, Ratio		0.0650	0.0650
Tier 1 capital to adjusted average assets (leverage) [Abstract]
Actual, Amount		$ 103,199	$ 89,275
Actual, Ratio		0.1200	0.1122
Required for capital adequacy purposes, Amount		$ 34,401	$ 31,820
Required for capital adequacy purposes, Ratio		0.0400	0.0400
To be Well Capitalized under prompt corrective action regulations, Amount		$ 43,001	$ 39,775
To be Well Capitalized under prompt corrective action regulations, Ratio		0.0500	0.0500
Capital conservation buffer		0.1449	0.1257
Retained earnings available to pay dividends		$ 20,600
[1]	The capital conservation buffer is the minimum of the excess amounts shown, that is 14.49% and 12.57% at March 31, 2021 and September 30, 2020, respectively.

FAIR VALUE, Fair Value Measurem

FAIR VALUE, Fair Value Measurements on a Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Sep. 30, 2020
Assets [Abstract]
Securities available for sale	$ 7,801	$ 6,035
U.S. GSE Securities [Member]
Assets [Abstract]
Securities available for sale	932	962
Corporate Bonds [Member]
Assets [Abstract]
Securities available for sale	6,869	5,073
Recurring [Member]
Assets [Abstract]
Total assets	7,931	6,190
Recurring [Member] | U.S. GSE Securities [Member] | Residential Mortgage Backed Securities [Member]
Assets [Abstract]
Securities available for sale	932	962
Recurring [Member] | Corporate Bonds [Member]
Assets [Abstract]
Securities available for sale	6,869	5,073
Recurring [Member] | Mortgage Servicing Rights [Member]
Assets [Abstract]
Mortgage servicing rights	130	155
Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member]
Assets [Abstract]
Total assets	7,801	6,035
Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | U.S. GSE Securities [Member] | Residential Mortgage Backed Securities [Member]
Assets [Abstract]
Securities available for sale	932	962
Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | Corporate Bonds [Member]
Assets [Abstract]
Securities available for sale	6,869	5,073
Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member] | Mortgage Servicing Rights [Member]
Assets [Abstract]
Mortgage servicing rights	0	0
Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member]
Assets [Abstract]
Total assets	130	155
Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | U.S. GSE Securities [Member] | Residential Mortgage Backed Securities [Member]
Assets [Abstract]
Securities available for sale	0	0
Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | Corporate Bonds [Member]
Assets [Abstract]
Securities available for sale	0	0
Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member] | Mortgage Servicing Rights [Member]
Assets [Abstract]
Mortgage servicing rights	$ 130	$ 155

FAIR VALUE, Reconciliations for

FAIR VALUE, Reconciliations for Mortgage Servicing Rights Measured at Fair Value on Recurring Basis Using Significant Unobservable Inputs (Level 3) (Details) - Mortgage Servicing Rights [Member] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Mar. 31, 2020
Reconciliations for Mortgage Servicing Rights Measured at Fair Value on Recurring Basis Using Significant Unobservable Inputs (Level 3) [Roll Forward]
Beginning balance	$ 144	$ 247	$ 155	$ 266
Adjustment to fair value	(14)	(48)	(25)	(67)
Ending balance	$ 130	$ 199	$ 130	$ 199

FAIR VALUE, Significant Inputs

FAIR VALUE, Significant Inputs Utilized in Cash Flow Models (Details)	6 Months Ended
	Mar. 31, 2021USD ($)	Mar. 31, 2020	Sep. 30, 2020USD ($)
Fair Value Hierarchy [Abstract]
Servicing Asset, Valuation Technique [Extensible List]	us-gaap:ValuationTechniqueDiscountedCashFlowMember	us-gaap:ValuationTechniqueDiscountedCashFlowMember
Impaired loans, related specific allowance	$ 0		$ 0
Significant Unobservable Inputs (Level 3) [Member] | Discount Rate [Member] | Minimum [Member]
Fair Value Hierarchy [Abstract]
Mortgage servicing rights, measurement input	0.1200	0.1200
Significant Unobservable Inputs (Level 3) [Member] | Discount Rate [Member] | Maximum [Member]
Fair Value Hierarchy [Abstract]
Mortgage servicing rights, measurement input	0.1450	0.1450
Significant Unobservable Inputs (Level 3) [Member] | Prepayment Rate [Member] | Minimum [Member]
Fair Value Hierarchy [Abstract]
Mortgage servicing rights, measurement input	0.2387	0.2340
Significant Unobservable Inputs (Level 3) [Member] | Prepayment Rate [Member] | Maximum [Member]
Fair Value Hierarchy [Abstract]
Mortgage servicing rights, measurement input	0.2389	0.2383
Significant Unobservable Inputs (Level 3) [Member] | Weighted Average Life [Member] | Minimum [Member]
Fair Value Hierarchy [Abstract]
Mortgage servicing rights, measurement input	2 years 3 months 18 days	2 years 9 months 18 days
Significant Unobservable Inputs (Level 3) [Member] | Weighted Average Life [Member] | Maximum [Member]
Fair Value Hierarchy [Abstract]
Mortgage servicing rights, measurement input	3 years 4 months 24 days	3 years 4 months 24 days
Nonrecurring [Member]
Fair Value Hierarchy [Abstract]
Financial instruments measured at fair value	$ 0		$ 0

FAIR VALUE, Carrying Amounts an

FAIR VALUE, Carrying Amounts and Estimated Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Sep. 30, 2020
Carrying Amount [Member]
Financial Assets [Abstract]
Cash and cash equivalents	$ 77,529	$ 80,209
Securities held to maturity	9,470	10,727
Loans, net	755,417	717,150
Accrued interest receivable	6,490	6,766
Financial Liabilities [Abstract]
Time deposits	305,192	394,753
Demand and other deposits	412,992	270,007
Borrowings	56,417	85,154
Subordinated debentures	24,482
Note payable		14,984
Accrued interest payable	788	374
Fair Value [Member]
Financial Assets [Abstract]
Cash and cash equivalents	77,529	80,209
Securities held to maturity	9,777	11,131
Loans, net	780,793	746,969
Accrued interest receivable	6,490	6,766
Financial Liabilities [Abstract]
Time deposits	306,567	397,842
Demand and other deposits	412,992	270,007
Borrowings	56,526	87,052
Subordinated debentures	26,493
Note payable		15,329
Accrued interest payable	788	374
Fair Value [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Financial Assets [Abstract]
Cash and cash equivalents	77,529	80,209
Securities held to maturity	0	0
Loans, net	0	0
Accrued interest receivable	0	0
Financial Liabilities [Abstract]
Time deposits	0	0
Demand and other deposits	412,992	270,007
Borrowings	0	0
Subordinated debentures	0
Note payable		0
Accrued interest payable	1	1
Fair Value [Member] | Significant Other Observable Inputs (Level 2) [Member]
Financial Assets [Abstract]
Cash and cash equivalents	0	0
Securities held to maturity	9,777	11,131
Loans, net	0	0
Accrued interest receivable	153	218
Financial Liabilities [Abstract]
Time deposits	306,567	397,842
Demand and other deposits	0	0
Borrowings	56,526	87,052
Subordinated debentures	26,493
Note payable		0
Accrued interest payable	787	339
Fair Value [Member] | Significant Unobservable Inputs (Level 3) [Member]
Financial Assets [Abstract]
Cash and cash equivalents	0	0
Securities held to maturity	0	0
Loans, net	780,793	746,969
Accrued interest receivable	6,337	6,548
Financial Liabilities [Abstract]
Time deposits	0	0
Demand and other deposits	0	0
Borrowings	0	0
Subordinated debentures	0
Note payable		15,329
Accrued interest payable	$ 0	$ 34

BORROWINGS (Details)

BORROWINGS (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Sep. 30, 2020
Outstanding FHLB Advances Contractual Maturities, Amount [Abstract]
2021	$ 22,177
2022	4,000
2023	4,300
2024	18,860
2025	7,080
FHLB advances outstanding	$ 56,417	$ 69,000
Outstanding FHLB Advances Contractual Maturities, Weighted Average Rate [Abstract]
2021	1.51%
2022	2.02%
2023	1.15%
2024	0.98%
2025	0.58%
Weighted average rate	1.23%
Additional eligible borrowings from FHLB	$ 154,000
Federal Reserve Borrowings [Abstract]
Borrowings	$ 56,417	$ 85,154
Federal Home Loan Bank Advances [Member]
Federal Home Loan Bank ("FHLB") Advances [Abstract]
Maturity date, earliest	2021	2020
Maturity date, last	2025	2025
PPPLF [Member]
Federal Reserve Borrowings [Abstract]
Borrowings		$ 16,200
Borrowing rate of interest		0.35%
Minimum [Member]
Federal Home Loan Bank ("FHLB") Advances [Abstract]
Interest rate	0.37%	0.37%
Maximum [Member]
Federal Home Loan Bank ("FHLB") Advances [Abstract]
Interest rate	2.96%	2.98%
Residential and Commercial Mortgage Loans [Member]
Federal Home Loan Bank ("FHLB") Advances [Abstract]
Amount of the collateral pledged	$ 371,700	$ 143,700

SUBORDINATED DEBENTURES (Detail

SUBORDINATED DEBENTURES (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Mar. 31, 2021	Mar. 31, 2021	Mar. 31, 2020	Oct. 31, 2020
Debt Instruments [Abstract]
Issuance costs recorded in interest expense		$ 43	$ 1
Subordinated Notes [Member]
Debt Instruments [Abstract]
Unamortized issuance costs	$ 518	518
Issuance costs recorded in interest expense	$ 14	$ 27
Subordinated Notes [Member] | Private Placement [Member]
Debt Instruments [Abstract]
Aggregate principal amount				$ 25,000
Debt instrument, maturity date		Dec. 31, 2030
Subordinated Notes [Member] | Private Placement [Member] | Until October 15, 2025 [Member]
Debt Instruments [Abstract]
Borrowing rate of interest				5.00%
Subordinated Notes [Member] | Private Placement [Member] | From and Including October 15, 2025 [Member] | Secured Overnight Financing Rate [Member]
Debt Instruments [Abstract]
Basis spread on variable rate		4.874%
Term of variable rate		3 months

SIGNIFICANT EVENTS (Details)

SIGNIFICANT EVENTS (Details) - Subsequent Event [Member] - Savoy Bank [Member] $ in Millions	May 26, 2021USD ($)Branchshares
Significant Events [Abstract]
Consideration transferred | $	$ 65.5
Percentage of consideration in cash issued for each share of acquiree common stock	50.00%
Percentage of consideration in common stock issued for each share of acquiree common stock	50.00%
Number of branches | Branch	1
Common stock issued as part of merger consideration (in shares) | shares	1,357,567