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LOANS RECEIVABLE, NET AND RELATED ALLOWANCE FOR CREDIT LOSSES (Tables)
 9 Months Ended
Jun. 30, 2024
Loans Receivable, Net and Related Allowance for Credit Losses [Abstract]  
Schedule of Loans Receivable Loans receivable, net were comprised of the following:
   June 30,   September 30, 
   2024   2023 
   (In thousands) 
         
One-to-four family residential  $238,735   $237,683 
Commercial real estate   447,023    389,134 
Construction and land   24,093    21,853 
Home equity loans and lines of credit   23,902    16,983 
Commercial business   24,356    30,194 
Other   2,245    2,359 
Total loans receivable   760,354    698,206 
Net deferred loan costs   (945)   (806)
Total loans receivable, net  $759,409   $697,400 
Schedule of the Loan Portfolio by Analyzing the Age The following table presents the classes of the loan portfolio by origination year summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful for loans subject to the Company’s internal risk rating system and by performing status for all other loans as of June 30, 2024.
                           Revolving Loans     
   June 30, 2024   Amortized   Converted     
   Term Loans Amortized Cost Basis by Origination Fiscal Year   Cost Basis   to Term   Total 
   2024   2023   2022   2021   2020   Prior             
   (In thousands) 
One-to-four family residential                                             
Performing  $22,560   $42,570   $31,739   $26,279   $30,473   $85,076   $15   $
—
   $238,712 
Non-performing   
—
    
—
    
—
    
—
    
—
    23    
—
    
—
    23 
Total  $22,560   $42,570   $31,739   $26,279   $30,473   $85,099   $15   $
—
   $238,735 
Current period gross charge-offs   
—
    
—
    
—
    
—
    
—
    
—
    
—
    
—
    
—
 
                                              
Commercial real estate                                             
Pass  $68,190   $84,363   $68,019   $65,281   $29,922   $124,692   $3,887   $
—
   $444,354 
Special Mention   
—
    
—
    201    
—
    
—
    128    
—
    
—
    329 
Substandard   
—
    
—
    2,224    
—
    
—
    116    
—
    
—
    2,340 
Doubtful   
—
    
—
    
—
    
—
    
—
    
—
    
—
    
—
    
—
 
Total  $68,190   $84,363   $70,444   $65,281   $29,922   $124,936   $3,887   $
—
   $447,023 
Current period gross charge-offs   
—
    
—
    
—
    
—
    
—
    
—
    
—
    
—
    
—
 
                                              
Construction and land                                             
Pass  $2,998   $10,586   $1,682   $
—
   $1,162   $4,374   $1,594   $
—
   $22,396 
Special Mention   
—
    
—
    
—
    
—
    
—
    
—
    
—
    
—
    
—
 
Substandard   
—
    
—
    
—
    
—
    
—
    1,697    
—
    
—
    1,697 
Doubtful   
—
    
—
    
—
    
—
    
—
    
—
    
—
    
—
    
—
 
Total  $2,998   $10,586   $1,682   $
—
   $1,162   $6,071   $1,594   $
—
   $24,093 
Current period gross charge-offs   
—
    
—
    
—
    
—
    
—
    
—
    
—
    
—
    
—
 
                                              
Home equity loans and lines of credit                                             
Performing  $1,113   $1,645   $1,622   $320   $257   $1,289   $17,351   $305   $23,902 
Non-performing   
—
    
—
    
—
    
—
    
—
    
—
    
—
    
—
    
—
 
Total  $1,113   $1,645   $1,622   $320   $257   $1,289   $17,351   $305   $23,902 
Current period gross charge-offs   
—
    
—
    
—
    
—
    
—
    
—
    
—
    
—
    
—
 
                                              
Commercial business                                             
Pass  $1,619   $520   $2,577   $1,674   $844   $2,718   $14,160   $244   $24,356 
Special Mention   
—
    
—
    
—
    
—
    
—
    
—
    
—
    
—
    
—
 
Substandard   
—
    
—
    
—
    
—
    
—
    
—
    
—
    
—
    
—
 
Doubtful   
—
    
—
    
—
    
—
    
—
    
—
    
—
    
—
    
—
 
Total  $1,619   $520   $2,577   $1,674   $844   $2,718   $14,160   $244   $24,356 
Current period gross charge-offs   
—
    
—
    
—
    
—
    
—
    
—
    
—
    
—
    
—
 
                                              
Other                                             
Performing  $58   $
—
   $54   $
—
   $11   $1,771   $351   $
—
   $2,245 
Non-performing   
—
    
—
    
—
    
—
    
—
    
—
    
—
    
—
    
—
 
Total  $58   $
—
   $54   $
—
   $11   $1,771   $351   $
—
   $2,245 
Current period gross charge-offs   
—
    
—
    
—
    
—
    
—
    
—
    
—
    
—
    
—
 
Schedule of Bank’s Internal Risk Rating System The following table presents more comparable information of the loan portfolio summarized by the aggregate Pass and the criticized categories of Special Mention, Substandard and Doubtful within the Bank’s internal risk rating system as of September 30, 2023.
       Special             
   Pass   Mention   Substandard   Doubtful   Total 
                     
   (In thousands) 
September 30, 2023                    
One-to-four family residential  $236,876   $
—
   $807   $
—
   $237,683 
Commercial real estate   386,794    116    2,224    
—
    389,134 
Construction and land   19,379    
—
    2,474    
—
    21,853 
Home equity lines of credit   16,983    
—
    
—
    
—
    16,983 
Commercial business   30,194    
—
    
—
    
—
    30,194 
Other   2,359    
—
    
—
    
—
    2,359 
Total  $692,585   $116   $5,505   $
—
   $698,206 
Schedule of the Loan Portfolio by Analyzing the Age The following table presents the classes of the loan portfolio summarized by the aging categories of performing loans and nonaccrual loans for the periods presented:
       30-59   60-89         
       Days   Days   90 Days +   Total 
   Current   Past Due   Past Due   Past Due   Loans 
   (In thousands) 
June 30, 2024                    
One-to-four family residential  $238,629   $
—
   $83   $23   $238,735 
Commercial real estate   444,191    
—
    
—
    2,832    447,023 
Construction and land   22,396    
—
    
—
    1,697    24,093 
Home equity lines of credit   23,902    
—
    
—
    
—
    23,902 
Commercial business   22,856    1,500    
—
    
—
    24,356 
Other   2,245    
—
    
—
    
—
    2,245 
Total  $754,219   $1,500   $83   $4,552   $760,354 
       30-59   60-89         
       Days   Days   90 Days +   Total 
   Current   Past Due   Past Due   Past Due   Loans 
   (In thousands) 
September 30, 2023                    
One-to four-family residential  $236,729   $
—
   $568   $386   $237,683 
Commercial real estate   386,794    
—
    116    2,224    389,134 
Construction and land   19,379    
—
    
—
    2,474    21,853 
Home equity lines of credit   16,983    
—
    
—
    
—
    16,983 
Commercial business   30,047    147    
—
    
—
    30,194 
Other   2,359    
—
    
—
    
—
    2,359 
Total  $692,291   $147   $684   $5,084   $698,206 

 
Schedule of Non-Accrual Loans Related Allowance for Credit Loss by Loan The following tables present our non-accrual loans and the related allowance for credit loss by loan type as of June 30, 2024 and the non-accrual loans and specific reserves by loan type as of September 30, 2023.
   Total   Non-Accrual   Non-Accrual 
   Non-Accrual   with ACL   without ACL 
   (In  thousands) 
June 30, 2024            
One-to-four family residential  $23   $
—
   $23 
Commercial real estate   2,340    
—
    2,340 
Construction and land   1,697    
—
    1,697 
Total  $4,060   $
—
   $4,060 
   Non-   Specific 
   Accrual   Reserve 
   (In  thousands) 
September 30, 2023        
One-to four-family residential  $386   $
—
 
Commercial real estate   2,224    
—
 
Construction and land   2,474    
—
 
Total  $5,084   $
—
 
Schedule of Non-Performing, Collateral Dependent Loans The following table identifies our non-performing, collateral dependent loans by collateral type as of June 30, 2024:
   June 30, 
   2024 
Real-estate type:  (In thousands) 
One- to four-family residential  $23 
Commercial real estate   2,832 
Construction and land   1,697 
Total  $4,552 
Schedule of Impaired Loans The following table presents impaired loans by class, segregated by those for which a specific allowance was required and those for which a specific allowance was not necessary as of September 30, 2023:
           Impaired         
           Loans with         
   Impaired Loans with   No Specific         
   Specific Allowance   Allowance   Total Impaired Loans 
                   Unpaid 
   Recorded   Related   Recorded   Recorded   Principal 
   Investment   Allowance   Investment   Investment   Balance 
September 30, 2023  (In thousands) 
                     
One-to four-family residential  $
—
   $
—
   $2,031   $2,031   $2,031 
Commercial real estate   
—
    
—
    2,969    2,969    2,969 
Construction and land   
—
    
—
    2,474    2,474    2,539 
Commercial business   
—
    
—
    147    147    147 
Total impaired loans  $
—
   $
—
   $7,621   $7,621   $7,686 

 
Schedule of Interest Income Recognized on Impaired Loan The following table presents the average recorded investment in impaired loans and the interest income recognized on impaired loans for the three and nine months ended June 30, 2023.
   Three Months Ended   Nine Months Ended 
   June 30, 2023   June 30, 2023 
   (In thousands) 
         
One-to-four family residential  $1,777   $1,645 
Commercial real estate   1,142    1,220 
Construction and land   1,806    2,149 
Commercial business   342    312 
Average investment in impaired loans  $5,067   $5,326 
           
Interest income recognized on an accrual basis on impaired loans:          
           
One-to-four family residential  $22   $64 
Commercial real estate   13    39 
Commercial business   2    5 
Total  $37   $108 
Schedule of Allowance for Loan Losses by Loan Category The following tables also present, by loan category, the changes in the allowance for credit losses for the three and nine months ended June 30, 2024 and the allowance for credit losses for the three and nine months ended June 30, 2023.
   One-to-Four       Construction   Home Equity                 
   Family   Commercial   and   Lines of   Commercial             
   Residential   Real Estate   Land   Credit   Business   Other   Unallocated   Total 
   (In  thousands) 
Balance- September 30, 2023  $1,259   $5,277   $472   $207   $939   $2   $174   $8,330 
Effect of adopting ASU 2016-13   7    (589)   (55)   (87)   (133)   (1)   (174)   (1,032)
Charge-offs   
—
    
—
    
—
    
—
    
—
    
—
    
—
    
—
 
Recoveries   
—
    
—
    
—
    
—
    
—
    
—
    
—
    
—
 
Provision (credit)   (75)   161    301    (40)   39    (1)   
—
    385 
Balance- December 31, 2023  $1,191   $4,849   $718   $80   $845   $
—
   $
—
   $7,683 
Charge-offs   
—
    
—
    
—
    
—
    
—
    
—
    
—
    
—
 
Recoveries   
—
    
—
    65    
—
    
—
    
—
    
—
    65 
Provision (credit)   (421)   237    77    (28)   78    3    
—
    (54)
Balance- March 31, 2024  $770   $5,086   $860   $52   $923   $3   $
—
   $7,694 
Charge-offs   
—
    
—
    
—
    
—
    
—
    
—
    
—
    
—
 
Recoveries   1    
—
    
—
    
—
    
—
    
—
    
—
    1 
Provision (credit)   208    147    (187)   (14)   (102)   (3)   
—
    49 
Balance- June 30, 2024  $979   $5,233   $673   $38   $821   $
—
   $
—
   $7,744 
   One-to-Four       Construction   Home Equity                 
   Family   Commercial   and   Lines of   Commercial             
   Residential   Real Estate   Land   Credit   Business   Other   Unallocated   Total 
   (In  thousands) 
Balance- September 30, 2022  $1,223   $4,612   $461   $263   $1,484   $1   $389   $8,433 
Charge-offs   
—
    
—
    
—
    
—
    
—
    
—
    
—
    
—
 
Recoveries   
—
    
—
    
—
    
—
    
—
    
—
    
—
    
—
 
Provision (credit)   12    518    65    (7)   (109)   
—
    (162)   317 
Balance- December 31, 2022  $1,235   $5,130   $526   $256   $1,375   $1   $227   $8,750 
Charge-offs   
—
    
—
    
—
    
—
    (102)   
—
    
—
    (102)
Recoveries   1    
—
    
—
    
—
    
—
    
—
    
—
    1 
Provision (credit)   34    280    (58)   (10)   62    
—
    (113)   195 
Balance- March 31, 2023  $1,270   $5,410   $468   $246   $1,335   $1   $114   $8,844 
Charge-offs   
—
    
—
    
—
    
—
    (386)   
—
    
—
    (386)
Recoveries   1    
—
    
—
    
—
    —    
—
    
—
    1 
Provision (credit)   (102)   (318)   (21)   (15)   (41)   
—
    416    (81)
Balance- June 30, 2023  $1,169   $5,092   $447   $231   $908   $1   $530   $8,378 
The following table presents, by loan category, segregated into the amount required for loans individually evaluated for impairment and the amount required for loans collectively evaluated for impairment as of and September 30, 2023.
   One-to-Four           Home Equity                 
   Family   Commercial       Lines of   Commercial             
   Residential   Real Estate   Construction   Credit   Business   Other   Unallocated   Total 
   (In  thousands) 
Allowance for Loan Losses:                                        
Balance - September 30, 2023  $1,259   $5,277   $472   $207   $939   $2   $174   $8,330 
Individually evaluated                                        
for impairment   
—
    
—
    
—
    
—
    
—
    
—
    
—
    
—
 
Collectively evaluated                                        
for impairment   1,259    5,277    472    207    939    2    174    8,330 
                                         
Loans receivable:                                        
Balance - September 30, 2023  $237,683   $389,134   $21,853   $16,983   $30,194   $2,359   $
—
   $698,206 
Individually evaluated                                        
for impairment   2,031    2,969    2,474    
—
    147    
—
    
—
    7,621 
Collectively evaluated                                        
for impairment   235,652    386,165    19,379    16,983    30,047    2,359    
—
    690,585 
Schedule of Troubled Debt Restructuring The following table presents information on TDRs:
   Nine Months Ended June 30, 2023 
   Number of   Investment Before   Investment After 
   Loans   TDR Modification   TDR Modification 
   (Dollars in thousands) 
One-to four-family residential   1   $97   $107 
                
Total   1   $97   $107