INVESTMENT SECURITIES

9 Months Ended

Jun. 30, 2015

INVESTMENT SECURITIES [Abstract]

INVESTMENT SECURITIES

NOTE H - INVESTMENT SECURITIES

The following tables summarize the amortized cost and fair values of securities available for sale at June 30, 2015 and September 30, 2014:

	June 30, 2015
			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
	(Dollars in thousands)
Securities available for sale:
Obligations of U.S. government-sponsored enterprises:
Mortgage-backed securities-residential	$	5,929	$	33	$	(65	)	$	5,897
Private label mortgage-backed securities-residential		207		1		(1	)		207
Total securities available for sale	$	6,136	$	34	$	(66	)	$	6,104

	September 30, 2014
			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
	(Dollars in thousands)
Securities available for sale:
Obligations of U.S. government agencies:
Mortgage-backed securities - residential	$	1,294	$	1	$	—		$	1,295
Obligations of U.S. government-sponsored enterprises:
Mortgage-backed securities-residential		10,485		39		(155	)		10,369
Private label mortgage-backed securities-residential		404		3		(1	)		406
Total securities available for sale	$	12,183	$	43	$	(156	)	$	12,070

The maturities of the debt securities and mortgage-backed securities available for sale at June 30, 2015 are summarized in the following table:

	June 30, 2015
	Amortized		Fair
	Cost		Value
	(Dollars in thousands)
Due within 1 year	$	—	$	—
Due after 1 but within 5 years		—		—
Due after 5 but within 10 years		—		—
Due after 10 years		—		—
Total debt securities		—		—
Mortgage-backed securities:
Residential	$	6,136	$	6,104
Commercial		—		—
Total	$	6,136	$	6,104

The following tables summarize the amortized cost and fair values of securities held to maturity at June 30, 2015 and September 30, 2014:

	June 30, 2015
			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
	(Dollars in thousands)
Securities held to maturity:
Obligations of U.S. government agencies:
Mortgage-backed securities - residential	$	5,743	$	161	$	(122	)	$	5,782
Mortgage-backed securities - commercial		1,118		1		—			1,119
Obligations of U.S. government-sponsored enterprises:
Mortgage-backed-securities - residential		38,553		433		(319	)		38,667
Debt securities		5,000		—		(106	)		4,894
Private label mortgage-backed securities - residential		563		4		(1	)		566
Corporate securities		3,000		—		(54	)		2,946
Total securities held to maturity	$	53,977	$	599	$	(602	)	$	53,974

	September 30, 2014
			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
	(Dollars in thousands)
Securities held to maturity:
Obligations of U.S. government agencies:
Mortgage-backed securities - residential	$	7,308	$	223	$	(139	)	$	7,392
Mortgage-backed securities - commercial		1,168		—		—			1,168
Obligations of U.S. government-sponsored enterprises:
Mortgage-backed securities - residential		36,894		413		(507	)		36,800
Debt securities		3,000		—		(152	)		2,848
Private label mortgage-backed securities - residential		593		25		(4	)		614
Total securities held to maturity	$	48,963	$	661	$	(802	)	$	48,822

The maturities of the debt securities and the mortgage backed securities held to maturity at June 30, 2015 are summarized in the following table:

	June 30, 2015
	Amortized		Fair
	Cost		Value
	(Dollars in thousands)
Due within 1 year	$	—	$	—
Due after 1 but within 5 years		—		—
Due after 5 but within 10 years		3,000		2,953
Due after 10 years		5,000		4,887
Total debt securities		8,000		7,840
Mortgage-backed securities:
Residential		44,859		45,015
Commercial		1,118		1,119
Total	$	53,977	$	53,974