XML 33 R24.htm IDEA: XBRL DOCUMENT v3.23.1
Note 16 - Subsequent Events
6 Months Ended
Mar. 31, 2023
Notes to Financial Statements  
Subsequent Events [Text Block]

Note 16 - Subsequent Events

 

On May 5, 2023, the Bank took action to reduce overall exposure to a $4.0 million corporate debt security of a regional bank held in its available-for-sale portfolio, which had been impacted by recent market volatility. The security was carried at fair market value at the March 31, 2023 quarter end with an unrealized loss of $1,110,000. The Bank sold $2.0 million worth of the $4.0 million corporate debt security, which resulted in an after-tax loss of $912,000 that will be reflected in the June 30, 2023 financial statements. The remaining unrealized loss still held will be evaluated for other than temporary impairment  as of June 30, 2023.