Investments available for sale are summarized in the tables below. Accrued interest in the periods presented is $1,249 and $1,122 as of December 31, 2022 and September 30, 2022, respectively, and is reported in accrued interest receivable on the CONSOLIDATED STATEMENTS OF CONDITION.


	December 31, 2022
	Amortized Cost		Gross Unrealized				Fair Value
			Gains		Losses
REMICs	$	514,549	$	26	$	(46,037)	$	468,538
Fannie Mae certificates	934		10		(1)		943
U.S. government and agency obligations	4,053		—		(403)		3,650
Total	$	519,536	$	36	$	(46,441)	$	473,131


	September 30, 2022
	Amortized Cost		Gross Unrealized				Fair Value
			Gains		Losses
REMICs	$	496,529	$	1	$	(43,262)	$	453,268
Fannie Mae certificates	1,011		14		(4)		1,021
U.S. government and agency obligations	4,057		—		(438)		3,619
Total	$	501,597	$	15	$	(43,704)	$	457,908

The following is a summary of our securities portfolio by the period remaining until contractual maturity and yield at December 31, 2022. Maturities are based on the final contractual payment dates, and do not reflect the impact of prepayments

or early redemptions that may occur. Weighted average yields are not presented on a tax-equivalent basis and are calculated by multiplying each carry value by its yield and dividing the sum of these results by the total carry values. We did not hold any tax-free securities.


	December 31, 2022						September 30, 2022
	Amortized Cost		Fair Value		Weighted Average Yield		Amortized Cost		Fair Value		Weighted Average Yield
Less than one year	$	180	$	176	1.89	%	$	—	$	—	—	%
One to five years	13,835		13,139		2.10	%	15,476		14,775		2.06	%
Five to ten years	39,090		37,021		2.29	%	38,927		37,204		2.30	%
Ten years or greater	466,431		422,795		2.57	%	447,194		405,929		2.25	%
Total	$	519,536	$	473,131	2.53	%	$	501,597	$	457,908	2.25	%

Gross unrealized losses on available for sale securities and the estimated fair value of the related securities, aggregated by the length of time the securities have been in a continuous loss position, at December 31, 2022 and September 30, 2022, were as follows:


	December 31, 2022
	Less Than 12 Months				12 Months or More				Total
	Estimated Fair Value		Unrealized Loss		Estimated Fair Value		Unrealized Loss		Estimated Fair Value		Unrealized Loss
Available for sale—
REMICs	$	215,958	$	10,315	$	240,933	$	35,722	$	456,891	$	46,037
Fannie Mae certificates	246		1		—		—		246		1
U.S. government and agency obligations	—		—		3,650		403		3,650		403
Total	$	216,204	$	10,316	$	244,583	$	36,125	$	460,787	$	46,441


	September 30, 2022
	Less Than 12 Months				12 Months or More				Total
	Estimated Fair Value		Unrealized Loss		Estimated Fair Value		Unrealized Loss		Estimated Fair Value		Unrealized Loss
Available for sale—
REMICs	$	261,795	$	17,260	$	190,739	$	26,002	$	452,534	$	43,262
Fannie Mae certificates	217		4		—		—		217		4
U.S. government and agency obligations	3,619		438		—		—		3,619		438
Total	$	265,631	$	17,702	$	190,739	$	26,002	$	456,370	$	43,704

The unrealized losses on investment securities were attributable to changes in market interest rates. The contractual terms of U.S. government and agency obligations do not permit the issuer to settle the security at a price less than the par value of the investment. The contractual cash flows of mortgage-backed securities are guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae. REMICs are issued by or backed by securities issued by these governmental agencies. It is expected that the securities would not be settled at a price substantially less than the amortized cost of the investment. The U.S. Treasury Department established financing agreements in 2008 to ensure Fannie Mae and Freddie Mac meet their obligations to holders of mortgage-backed securities that they have issued or guaranteed.

Since the decline in value is attributable to changes in market interest rates and not credit quality and because the Company has neither the intent to sell the securities nor is it more likely than not the Company will be required to sell the securities for the time periods necessary to recover the amortized cost, the Company expects to receive all contractual cash flows from these investments. Therefore, no allowance for credit losses is recorded with respect to securities as of December 31, 2022.