Investment Securities (Tables)

3 Months Ended

Dec. 31, 2023

Investment Securities

Schedule of amortized cost of debt securities and fair value

The amortized cost of debt securities and their approximate fair value at December 31, 2023 (unaudited) is represented in the table on the table below:

			Gross		Gross		Allowance
	Amortized		Unrealized		Unrealized		for Credit		Fair
	Cost		Gains		Losses		Losses		Value
AVAILABLE FOR SALE
U.S. Government Treasuries	$	3,789	$	—	$	(25)	$	—	$	3,764
U.S. Government Agencies		12,103		1		(76)		—		12,028
Mortgaged-Backed Securities		8,437		2		(374)		—		8,065
Municipal Securities		24,824		222		(1,891)		—		23,155
SBA Securities		2,375		24		(9)		—		2,390
	$	51,528	$	249	$	(2,375)	$	—	$	49,402

The amortized cost of debt securities and their approximate fair value at September 30, 2023 is represented in the table below.

			Gross		Gross		Allowance
	Amortized		Unrealized		Unrealized		for Credit		Fair
	Cost		Gains		Losses		Losses		Value
AVAILABLE FOR SALE
U.S. Government Treasuries	$	3,766	$	—	$	(86)	$	—	$	3,680
U.S. Government Agencies		12,025		—		(363)		—		11,662
Mortgaged-Backed Securities		8,726		1		(812)		—		7,915
Municipal Securities		24,571		2		(3,578)		—		20,995
SBA Securities		2,426		—		(54)		—		2,372
	$	51,514	$	3	$	(4,893)	$	—	$	46,624

Schedule of amortized cost and fair value of debt securities, by contractual maturity

The amortized cost and fair value of debt securities, by contractual maturity, at December 31, 2023 (unaudited) is as shown below. Expected maturities will differ from contractual maturities call or prepay obligations with or without call or prepayment penalties.

	Debt Securities
	Available-for-Sale
	Amortized
	Cost		Fair Value
		(In Thousands)
Due Within One Year	$	6,521	$	6,506
Due After One Year Through Five Years		13,382		13,345
Due After Five Years Through Ten Years		5,382		5,190
Due After Ten Years		15,431		13,906
		40,716		38,947
Mortgage-Backed & SBA Securities		10,812		10,455
	$	51,528	$	49,402

The amortized cost and fair value of debt securities, by contractual maturity, at September 30, 2023 is as shown below.

	Debt Securities
	Available-for-Sale
	Amortized
	Cost		Fair Value
	(In Thousands)
Due Within One Year	$	6,585	$	6,548
Due After One Year Through Five Years		13,789		13,474
Due After Five Years Through Ten Years		4,437		4,127
Due After Ten Years		15,551		12,188
		40,362		36,337
Mortgage-Backed & SBA Securities		11,152		10,287
	$	51,514	$	46,624

Schedule of realized gains and losses from the sale of available-for-sale investments

	Three Months Ended
	December 31,
	2023		2022
Proceeds	$	—	$	1,889
Cost		—		(2,231)
Net Realized Gains (Losses)	$	—	$	(342)
Gross Realized Gains	$	—	$	—
Gross Realized Losses		—		(342)
Net Realized Gains (Losses)	$	—	$	(342)

Schedule of securities with gross unrealized losses

Information pertaining to securities with gross unrealized losses at December 31, 2023 (unaudited), aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position are as follows:

	Less than Twelve months				Over Twelve Months				Total
	Gross				Gross				Gross
	Unrealized				Unrealized				Unrealized
	Losses		Fair Value		Losses		Fair Value		Losses		Fair Value
	(In Thousands)
December 31, 2023
Securities Available-for-Sale:
US Treasuries & Agencies	$	69	$	9,292	$	32	$	6,294	$	101	$	15,586
Mortgage-backed & SBA Securities		380		8,261		3		337		383		8,598
Municipal Securities		10		1,809		1,881		8,943		1,891		10,752
	$	459	$	19,362	$	1,916	$	15,574	$	2,375	$	34,936

Information pertaining to securities with gross unrealized losses at September 30, 2023 aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position are as follows:

	Less than Twelve months				Over Twelve Months				Total
	Gross				Gross				Gross
	Unrealized				Unrealized				Unrealized
	Losses		Fair Value		Losses		Fair Value		Losses		Fair Value
	(In Thousands)
September 30, 2023
Securities Available-for-Sale:
US Treasuries & Agencies	$	368	$	9,143	$	81	$	6,199	$	449	$	15,342
Mortgage-backed & SBA Securities		852		9,899		14		340		866		10,239
Municipal Securities		480		11,357		3,098		8,061		3,578		19,418
	$	1,700	$	30,399	$	3,193	$	14,600	$	4,893	$	44,999