Deposits (Tables)

3 Months Ended

Dec. 31, 2020

Deposits [Abstract]

Schedule of deposits classified by type with percentages to total deposits

Deposits classified by type with percentages to total deposits at December 31, 2020 and September 30, 2020 consisted of the following:

	December 31,				September 30,
	2020				2020
	(Dollars in thousands)
Balances by types of deposit:
Savings	$	46,531	5.17	%	$	45,072	5.06	%
Money market accounts		303,796	33.73			277,711	31.17
Interest-bearing demand		303,535	33.71			303,682	34.09
Non-interest-bearing demand		49,264	5.47			50,422	5.66
		703,126	78.08	%		676,887	75.98	%
Certificates of deposit		197,339	21.92	%		214,019	24.02	%
Total Deposits	$	900,465	100.00	%	$	890,906	100.00	%

Schedule of interest expense on deposits

Interest expense on deposits consisted of the following:

	Three Months Ended December 31,
	2020		2019
	(In thousands)
Savings accounts	$	18	$	11
Money market accounts		791		1,098
Interest-bearing demand		547		1,181
Certificates of deposit		901		1,447
Total	$	2,257	$	3,737

Schedule of certificates of deposit maturities

As of December 31, 2020, the scheduled maturities of certificates of deposits are as follows:

	Scheduled Maturities
	(In thousands)
Period Ending December 31,
2021	$	138,051
2022		25,402
2023		17,107
2024		9,551
2025		5,685
Thereafter		1,543
Total	$	197,339

As of December 31, 2020, the scheduled maturities of certificates of deposits in amounts greater than $100,000 are as follows:

	Scheduled Maturities
	(In thousands)
Period Ending December 31,
Three months or less	$	43,247
Over three through six months		44,048
Over six through twelve months		14,609
Over twelve months		31,261
Total	$	133,165