FAIR VALUE (Tables)

9 Months Ended

Jun. 30, 2023

FAIR VALUE.

Assets Measured at Fair Value on Recurring Basis

	June 30, 2023
			Fair Value Measurements Using:
			Quoted Prices In				Significant
			Active Markets		Significant Other		Unobservable
	Carrying		for Identical Assets		Observable Inputs		Inputs
(in thousands)	Amount		(Level 1)		(Level 2)		(Level 3)
Financial assets:
Available-for-sale securities:
U.S. GSE residential mortgage-backed securities	$	211	$	—	$	211	$	—
Corporate bonds		10,883		—		9,683		1,200
Loan servicing rights		4,375		—		—		4,375
Derivatives		142		—		142		—
Total	$	15,611	$	—	$	10,036	$	5,575

	September 30, 2022
			Fair Value Measurements Using:
			Quoted Prices In
			Active Markets				Significant
			for Identical		Significant Other		Unobservable
	Carrying		Assets		Observable Inputs		Inputs
(In thousands)	Amount		(Level 1)		(Level 2)		(Level 3)
Financial assets:
Available-for-sale securities:
U.S. GSE residential mortgage-backed securities	$	242	$	—	$	242	$	—
Corporate bonds		12,043		—		12,043		—
Loan servicing rights		4,353		—		—		4,353
Total	$	16,638	$	—	$	12,285	$	4,353

Changes in Mortgage Servicing Rights

	Three Months Ended June 30,				Nine Months Ended June 30,
(in thousands)	2023		2022		2023		2022
Balance at beginning of period	$	4,429	$	4,028	$	4,353	$	3,690
Additions		280		211		628		784
Adjustment to fair value		(334)		(119)		(606)		(354)
Balance at end of period	$	4,375	$	4,120	$	4,375	$	4,120

Assets Measured at Fair Value on a Non-recurring Basis

	June 30, 2023
			Fair Value Measurements Using:
			Quoted Prices In				Significant
			Active Markets		Significant Other		Unobservable
	Carrying		for Identical Assets		Observable Inputs		Inputs
(in thousands)	Amount		(Level 1)		(Level 2)		(Level 3)
Impaired loans	$	840	$	—	$	—	$	840

Summary of additional quantitative information about level 3 fair value measured at fair value on non-nonrecurring

					Range
June 30, 2023	Fair Value		Valuation Technique	Unobservable Input	(Average)
(Dollar in thousands)
Impaired loans - Multi-family	$	840	Income Approach	Capitalization Rate		4.40%-5.50%
						(5.11)%

Carrying Amounts and Fair Value of Financial Instruments

	June 30, 2023
			Fair Value Measurements Using:
			Quoted Prices In
			Active Markets				Significant
			for Identical		Significant Other		Unobservable
	Carrying		Assets		Observable  Inputs		Inputs		Total Fair
(In thousands)	Amount		(Level 1)		(Level 2)		(Level 3)		Value
Financial assets:
Cash and cash equivalents	$	211,533	$	211,533	$	—	$	—	$	211,533
Securities held-to-maturity		4,180		—		3,883		—		3,883
Loans, net		1,808,134		—		—		1,767,928		1,767,928
Accrued interest receivable		10,189		—		420		9,769		10,189
Financial liabilities:
Time deposits		456,505		—		449,594		—		449,594
Demand and other deposits		1,137,134		1,137,134		—		—		1,137,134
Borrowings		293,849		—		292,040		—		292,040
Subordinated debentures		24,608		—		26,868		—		26,868
Accrued interest payable		1,242		—		1,242		—		1,242

	September 30, 2022
			Fair Value Measurements Using:
			Quoted Prices In
			Active Markets				Significant
			for Identical		Significant Other		Unobservable
	Carrying		Assets		Observable Inputs		Inputs		Total Fair
(In thousands)	Amount		(Level 1)		(Level 2)		(Level 3)		Value
Financial assets:
Cash and cash equivalents	$	149,947	$	149,947	$	—	$	—	$	149,947
Securities held-to-maturity		4,414		—		4,095		—		4,095
Loans, net		1,610,687		—		—		1,564,991		1,564,991
Accrued interest receivable		8,546		—		219		8,327		8,546
Financial liabilities:
Time deposits		339,073		—		328,964		—		328,964
Demand and other deposits		1,189,033		1,189,033		—		—		1,189,033
Borrowings		101,752		—		99,597		—		99,597
Subordinated debentures		24,568		—		24,199		—		24,199
Accrued interest payable		915		1		914		—		915