DEPOSITS

9 Months Ended

Jun. 30, 2021

Deposits [Abstract]

DEPOSITS

NOTE M – DEPOSITS

A summary of deposits by type of account are summarized as follows:

	June 30,		September 30,
	2021		2020
	(In thousands)
Demand accounts	$	173,917	$	163,562
Savings accounts		190,951		74,923
NOW accounts		70,372		65,447
Money market accounts		187,864		188,023
Certificates of deposit		97,808		110,650
Retirement certificates		15,040		15,725
Total deposits	$	735,952	$	618,330

In connection with the Company’s second-step conversion and related stock offering, cash proceeds of $109.6 million from stock subscription deposits were received during the three months ended June 30, 2021 and are included as savings deposits as of June 30, 2021.