ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables)

6 Months Ended

Mar. 31, 2022

ACCUMULATED OTHER COMPREHENSIVE INCOME

Changes in Accumulated Other Comprehensive Income by Component, Net of Tax

The following table presents changes in accumulated other comprehensive income (loss) by component, net of tax, for the three and six months ended March 31, 2022 and 2021:

	Unrealized Gains and
	Losses on Available-
	for-Sale Debt
(in thousands)	Securities		Total
Balance at January 1, 2022	$	310	$	310
Other comprehensive loss		(264)		(264)
Amount reclassified from accumulated other comprehensive income		(81)		(81)
Balance at March 31, 2022	$	(35)	$	(35)

	Unrealized Gains and
	Losses on Available-
	for-Sale Debt
(in thousands)	Securities		Total
Balance at January 1, 2021	$	323	$	323
Other comprehensive income		94		94
Amount reclassified from accumulated other comprehensive income		(191)		(191)
Balance at March 31, 2021	$	226	$	226

	Unrealized Gains and
	Losses on Available-
	for-Sale Debt
(in thousands)	Securities		Total
Balance at October 1, 2021	$	256	$	256
Other comprehensive loss		(210)		(210)
Amount reclassified from accumulated other comprehensive income		(81)		(81)
Balance at March 31, 2022	$	(35)	$	(35)

	Unrealized Gains and
	Losses on Available-
	for-Sale Debt
(in thousands)	Securities		Total
Balance at October 1, 2020	$	156	$	156
Other comprehensive income		261		261
Amount reclassified from accumulated other comprehensive income		(191)		(191)
Balance at March 31, 2021	$	226	$	226

Significant Amounts Reclassified Out of Accumulated Other Comprehensive Income

	Three Months Ended				Six Months Ended
	March 31,				March 31,				Affected Line Item in Consolidated
(in thousands)	2022		2021		2022		2021		Statements of Income
Realized gains on securities available-for-sale	$	105	$	240	$	105	$	240	Gain on sale of investment securities available-for-sale, net
Tax effect		24		49		24		49	Income tax expense
Net of tax	$	81	$	191	$	81	$	191