FAIR VALUE DISCLOSURES (Tables)

6 Months Ended

Mar. 31, 2016

FAIR VALUE DISCLOSURES [Abstract]

Schedule of assets measured at fair value on a recurring basis

	Fair Value at March 31, 2016
	Total		Level 1		Level 2		Level 3
	(Dollars in thousands)
Securities available for sale:
Obligations of U.S. government-sponsored enterprises:
Mortgage-backed securities-residential	$	7,978	$	—	$	7,978	$	—
Private label mortgage-backed securities-residential		128		—		128		—
Total securities available for sale	$	8,106	$	—	$	8,106	$	—

	Fair Value at September 30, 2015
	Total		Level 1		Level 2		Level 3
	(Dollars in thousands)
Securities available for sale:
Obligations of U.S. government-sponsored enterprises:
Mortgage-backed securities-residential	$	5,914	$	—	$	5,914	$	—
Private label mortgage-backed securities-residential		150		—		150		—
Total securities available for sale	$	6,064	$	—	$	6,064	$	—

Schedule of assets measured at fair value on a non-recurring basis

	Fair Value at March 31, 2016
	Total		Level 1		Level 2		Level 3
	(Dollars in thousands)
Impaired loans	$	1,212	$	—	$	—	$	1,212
Other real estate owned		16,296		—		—		16,296
	$	17,508	$	—	$	—	$	17,508

	Fair Value at September 30, 2015
	Total		Level 1		Level 2		Level 3
	(Dollars in thousands)
Impaired loans	$	1,489	$	—	$	—	$	1,489
Other real estate owned		16,192		—		—		16,192
	$	17,681	$	—	$	—	$	17,681

Schedule of quantitative information about assets measured at fair value on a nonrecurring bassis for which Level 3 inputs were used to determine fair value

Quantitative Information about Level 3 Fair Value Measurements
(Dollars in thousands)
	Fair Value		Valuation
March 31, 2016	Estimate		Techniques	Unobservable Input	Range (Weighted Average)
Impaired loans	$	1,212	Appraisal of collateral (1)	Appraisal adjustments (2)	-13.0% to -32.0% (-29.0%)
Other real estate owned	$	16,296	Appraisal of collateral (1)	Liquidation expenses (2)	-3.9% to -37.0% (-11.5%)

	Fair Value		Valuation
September 30, 2015	Estimate		Techniques	Unobservable Input	Range (Weighted Average)
Impaired loans	$	1,489	Appraisal of collateral (1)	Appraisal adjustments (2)	-16.0% to -40.0% (-8.0%)
Other real estate owned	$	16,192	Appraisal of collateral (1)	Liquidation expenses (2)	0.0% to -41.2% (-15.1%)

(1) Fair value is generally determined through independent appraisals for the underlying collateral, which generally include various level 3 inputs which are not identifiable.

(2) Appraisals may be adjusted by management for qualitative factors such as economic conditions and estimated liquidation expenses. The range and weighted average of liquidation expenses and other appraisal adjustments are presented as a percent of the appraisal.

Schedule of the carrying amount, fair value, and placement in the fair value hierarchy of financial instruments carried at cost or amortized cost

	Carrying		Fair		Fair Value Measurement Placement
	Value		Value		(Level 1)		(Level 2)		(Level 3)
	(Dollars in thousands)
March 31, 2016
Financial instruments - assets
Investment securities held to maturity	$	58,886	$	59,573	$	—	$	59,573	$	—
Loans		421,080		426,310		—		—		426,310
Financial instruments - liabilities
Certificates of deposit including retirement certificates		133,666		134,974		—		134,974		—
Borrowings		29,334		29,957		—		29,957		—
September 30, 2015
Financial instruments - assets
Investment securities held to maturity	$	52,614	$	53,248	$	—	$	53,248	$	—
Loans		420,596		425,890		—		—		425,890
Financial instruments - liabilities
Certificates of deposit including retirement certificates		143,108		144,150		—		144,150		—
Borrowings		31,594		32,231		—		32,231		—