Revenue from Contracts with Customers (Tables)

12 Months Ended

Sep. 30, 2021

Revenue from Contracts with Customers [Abstract]

Sources of Non-Interest Income

The following table presents the Company’s sources of non-interest income. Items outside the scope of ASC 606 are noted as such.

	Year Ended September 30,
(in thousands)	2021		2020
Loan fees and service charges(1)	$	703	$	301
Loan servicing income(1)		504		84
Service charges on deposit accounts		127		62
Net gain on sale of investments available-for-sale(1)		240		-
Net gain on sale of loans held-for-sale(1)		1,307		917
Other income(2)		468		-
Total non-interest income	$	3,349	$	1,364

(1) Not included within the scope of ASC 606

(2) Other income for the year ended September 30, 2021 includes $9 of merchant card processing fees, which are included in the scope of ASC 606. The remaining $457 represents recoveries on acquired loans, which are not included in the scope of ASC 606