Summary of Significant Accounting Policies (Tables)

12 Months Ended

Sep. 30, 2024

Accounting Policies [Abstract]

Carrying Amount of Goodwill and Intangible Assets

The following tables provide information for the carrying amount of goodwill and intangible assets (in thousands):

Goodwill	2024		2023
Balance at beginning of year	$	13,801	$	13,801
Goodwill acquired		-		-
Balance at end of year	$	13,801	$	13,801

Intangible assets	2024			2023
Balance at beginning of year	$	91		$	281
Intangible assets acquired		-			-
Amortization		(91	)		(190	)
Balance at end of year	$	-		$	91

Amortizable Intangible Assets

Amortizable intangible assets were composed of the following (in thousands):

			September 30,
			2024		2023
	Gross Carrying Amount		Accumulated Amortization
	(dollars in thousands)
Core deposit intangible	$	4,787	$	4,787	$	4,696

	2024		2023
Aggregate amortization expense:
As of the years ended September 30	$	91	$	190

Summary of the Change from the Incurred Loss Model to the Current Expected Credit Loss Model

The impact of the change from the incurred loss model to the current expected credit loss model is detailed below (in thousands).

	October 1, 2023
	Pre-adoption		Adoption Impact			As Reported
Assets
ACL on debt securities held-to-maturity	$	-	$	-		$	-
ACL on debt securities available for sale		-		-			-
Real estate loans:
Residential		4,897		503			5,400
Construction		183		254			437
Commercial		11,983		(3,729	)		8,254
Commercial		941		(292	)		649
Obligations of states and political subdivisions		110		129			239
Home equity loans and lines of credit		346		423			769
Auto loans		2		2			4
Other		22		(4	)		18
Unallocated		41		(41	)		-
Liabilites
ACL for unfunded commitments		52		2,083			2,135
	$	18,577	$	(672	)	$	17,905