BORROWINGS (Tables)

12 Months Ended

Sep. 30, 2014

BORROWINGS [Abstract]

Schedule of maturities of FHLBNY advances

Long term FHLBNY advances as of September 30, 2014 mature as follows (in thousands):

Year Ending September 30,
2015	$	5,000
2016		2,260
2017		5,000
2018		5,100
2019		6,140
Thereafter		2,000
	$	25,500

Schedule of short-term arrangements with the FHLBNY

Information concerning short-term arrangements with the FHLBNY is summarized as follows:

	September 30,
	2014			2013
	(Dollars in thousands)
Balance at end of year	$	—		$	—
Weighted average balance during the year	$	5,763		$	2,721
Maximum month-end balance during the year	$	19,000		$	15,500
Average interest rate during the year		0.28	%		0.39	%