v3.26.1
Loans Receivable And Allowance For Loan Losses (Tables)
 9 Months Ended
Jun. 30, 2026
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract]  
Schedule of Loans receivable and Loans held for sale
Loans receivable by portfolio segment consisted of the following at June 30, 2026 and September 30, 2025 (dollars in thousands):
June 30,
2026		September 30,
2025
AmountPercentAmountPercent
Mortgage loans:
One- to four-family (1)$299,921 18.5 %$317,691 20.1 %
Multi-family214,583 13.2 207,767 13.2 
Commercial real estate646,376 39.9 610,692 38.7 
Construction - custom and owner/builder113,303 7.0 130,341 8.3 
Construction - speculative one- to four-family28,445 1.8 10,745 0.7 
Construction - commercial12,991 0.8 21,818 1.4 
Construction - multi-family91,271 5.6 45,660 2.9 
Construction - land development530 — 15,324 1.0 
Land37,416 2.3 35,952 2.3 
Total mortgage loans1,444,836 89.1 1,395,990 88.6 
Consumer loans:
Home equity and second mortgage54,971 3.4 50,479 3.2 
Other1,915 0.1 2,034 0.1 
Total consumer loans56,886 3.5 52,513 3.3 
Commercial loans:
Commercial business118,852 7.4 126,937 8.1 
U.S. Small Business Administration ("SBA") Paycheck Protection Program ("PPP") loans— — 58 — 
    Total commercial loans118,852 7.4 126,995 8.1 
Total loans receivable1,620,574 100.0 %1,575,498 100.0 %
Less:
Undisbursed portion of construction loans in process ("LIP")100,275 88,289 
Deferred loan origination fees, net5,399 5,528 
ACL19,249 18,091 
Subtotal124,923 111,908 
Loans receivable, net$1,495,651 $1,463,590 
__________________
(1) Does not include one- to four-family loans held for sale totaling $2.77 million and $1.13 million at June 30, 2026 and September 30, 2025, respectively.
Financing Receivable Gross Charge Offs and Credit Quality Indicators
The following table sets forth the Company's loan portfolio at June 30, 2026 by risk attribute and year of origination as well as current period gross charge-offs (dollars in thousands):
Term Loans Amortized Cost Basis by Origination Fiscal Year
Type20262025202420232022PriorRevolving LoansTotal Loans Receivable
One-to four-family
Risk Rating
Pass$2,993 $15,596 $30,008 $63,822 $92,151 $86,139 $— $290,709 
Watch— — — 545 1,681 268 — 2,494 
Special Mention— — — — 4,788 — — 4,788 
Substandard— — — 1,731 199 — — 1,930 
Total one- to four-family$2,993 $15,596 $30,008 $66,098 $98,819 $86,407 $— $299,921 
Multi-family
Risk Rating
Pass$17,238 $16,165 $13,088 $34,845 $38,583 $81,953 $1,708 $203,580 
Watch— — — — — 11,003 — 11,003 
Total multi-family$17,238 $16,165 $13,088 $34,845 $38,583 $92,956 $1,708 $214,583 
Commercial real estate
Risk Rating
Pass$54,836 $53,455 $24,130 $77,555 $121,322 $289,790 $7,783 $628,871 
Watch— — 767 — — 12,204 — 12,971 
Substandard— — — — 224 4,310 — 4,534 
Total commercial real estate$54,836 $53,455 $24,897 $77,555 $121,546 $306,304 $7,783 $646,376 
Term Loans Amortized Cost Basis by Origination Fiscal Year
Type20262025202420232022PriorRevolving LoansTotal Loans Receivable
Construction-custom & owner/builder (1)
Risk Rating
Pass$18,681 $36,182 $— $— $— $— $— $54,863 
Watch— 2,860 5,244 4,060 1,719 — — 13,883 
Total construction-custom & owner/builder$18,681 $39,042 $5,244 $4,060 $1,719 $— $— $68,746 
Construction-speculative one-to four-family (1)
Risk Rating
Pass$11,284 $1,617 $— $— $— $— $— $12,901 
Total construction-speculative one-to four-family$11,284 $1,617 $— $— $— $— $— $12,901 
Construction-commercial (1)
Risk Rating
Pass$1,773 $7,033 $3,100 $— $— $— $— $11,906 
Total construction-commercial $1,773 $7,033 $3,100 $— $— $— $— $11,906 
Construction-multi-family (1)
Risk Rating
Pass$14,558 $29,942 $7,800 $— $— $— $— $52,300 
Total construction-multi-family$14,558 $29,942 $7,800 $— $— $— $— $52,300 
Construction-land development (1)
Risk Rating
Pass$412 $— $— $— $— $— $— $412 
Total construction-land development$412 $— $— $— $— $— $— $412 
Land
Risk Rating
Pass$9,731 $7,562 $8,202 $2,214 $4,556 $3,690 $379 $36,334 
Watch— — 248 — 294 432 — 974 
Substandard— — 108 — — — — 108 
Total land$9,731 $7,562 $8,558 $2,214 $4,850 $4,122 $379 $37,416 
Home equity and second mortgage
Risk Rating
Pass$1,484 $1,911 $3,904 $2,636 $1,270 $2,451 $40,667 $54,323 
Watch— 184 — — — 12 — 196 
Substandard— — — 132 — 54 266 452 
Total home equity and second mortgage$1,484 $2,095 $3,904 $2,768 $1,270 $2,517 $40,933 $54,971 
Term Loans Amortized Cost Basis by Origination Fiscal Year
Type20262025202420232022PriorRevolving LoansTotal Loans Receivable
Other consumer
Risk Rating
Pass$732 $35 $431 $358 $67 $241 $31 $1,895 
Substandard— — — — — — 20 20 
Total other consumer$732 $35 $431 $358 $67 $241 $51 $1,915 
Commercial business
Risk Rating
Pass$7,211 $12,060 $11,458 $12,486 $22,526 $11,092 $38,741 $115,574 
Watch— — — — — 269 1,389 1,658 
Substandard— — — 159 134 383 944 1,620 
Total commercial business$7,211 $12,060 $11,458 $12,645 $22,660 $11,744 $41,074 $118,852 
Total loans receivable, gross (1)
Risk Rating
Pass$140,933 $181,558 $102,121 $193,916 $280,475 $475,356 $89,309 $1,463,668 
Watch— 3,044 6,259 4,605 3,694 24,188 1,389 43,179 
Special Mention— — — — 4,788 — — 4,788 
Substandard— — 108 2,022 557 4,747 1,230 8,664 
Total loans receivable$140,933 $184,602 $108,488 $200,543 $289,514 $504,291 $91,928 $1,520,299 
Current period gross charge-off$— $— $— $— $— $— $— $— 
_____________________
(1) Net of construction LIP
The following table sets forth the Company's loan portfolio at September 30, 2025, by risk attribute and year of origination as well as gross charges offs in the year ending September 30, 2025:

Term Loans Amortized Cost Basis by Origination Fiscal Year
Type20252024202320222021PriorRevolving LoansTotal Loans Receivable
One-to four-family
Risk Rating
Pass$10,885 $25,692 $79,193 $102,942 $45,274 $47,078 $— $311,064 
Special Mention— — — 4,846 — — — 4,846 
Substandard— — 1,781 — — — — 1,781 
Total one- to four-family$10,885 $25,692 $80,974 $107,788 $45,274 $47,078 $— $317,691 
Multi-family
Risk Rating
Pass$16,305 $13,129 $40,004 $39,064 $22,489 $62,516 $1,334 $194,841 
Watch— — — — — 3,264 — 3,264 
Substandard— — — — 9,662 — — 9,662 
Total multi-family$16,305 $13,129 $40,004 $39,064 $32,151 $65,780 $1,334 $207,767 
Commercial real estate
Risk Rating
Pass$47,145 $25,419 $79,692 $123,631 $82,507 $225,019 $10,212 $593,625 
Watch— — — 238 — 9,307 — 9,545 
Special Mention— — — — — 32 — 32 
Substandard— — — — — 7,490 — 7,490 
Total commercial real estate$47,145 $25,419 $79,692 $123,869 $82,507 $241,848 $10,212 $610,692 
Construction-custom & owner/builder (1)
Risk Rating
Pass$32,733 $33,785 $560 $— $758 $— $— $67,836 
Watch— 3,875 5,367 1,855 1,232 — — 12,329 
Substandard— — — 553 — — — 553 
Total construction-custom & owner/builder$32,733 $37,660 $5,927 $2,408 $1,990 $— $— $80,718 
Construction-speculative one-to four-family (1)
Risk Rating
Pass$6,375 $16 $44 $— $— $— $— $6,435 
Watch— — 488 — — — — 488 
Total construction-speculative one-to four-family$6,375 $16 $532 $— $— $— $— $6,923 
Construction-commercial (1)
Risk Rating
Pass$10,284 $2,725 $2,725 $— $— $— $— $15,734 
Total construction-commercial$10,284 $2,725 $2,725 $— $— $— $— $15,734 
Term Loans Amortized Cost Basis by Origination Fiscal Year
Type20252024202320222021PriorRevolving LoansTotal Loans Receivable
Construction-multi-family (1)
Risk Rating
Pass$11,084 $7,604 $— $— $— $— $— $18,688 
Total construction-multi-family$11,084 $7,604 $— $— $— $— $— $18,688 
Construction-land development (1)
Risk Rating
Pass$— $358 $1,629 $— $— $— $— $1,987 
Substandard— — — 11,549 — — — 11,549 
Total construction-land development$— $358 $1,629 $11,549 $— $— $— $13,536 
Land
Risk Rating
Pass$11,667 $9,393 $3,741 $5,805 $1,951 $2,339 $303 $35,199 
Watch— — — 298 — 455 — 753 
Total land$11,667 $9,393 $3,741 $6,103 $1,951 $2,794 $303 $35,952 
Home equity and second mortgage
Risk Rating
Pass$2,528 $5,154 $3,574 $1,556 $237 $2,112 $34,649 $49,810 
Watch— — — — — 10 — 10 
Substandard— — — — — 57 602 659 
Total home equity and second mortgage$2,528 $5,154 $3,574 $1,556 $237 $2,179 $35,251 $50,479 
Other consumer
Risk Rating
Pass$565 $459 $390 $82 $48 $423 $38 $2,005 
Watch— — — — — 7 — 7 
Substandard— — — — — — 22 22 
Total other consumer$565 $459 $390 $82 $48 $430 $60 $2,034 
Current period gross write-offs$4 $1 $— $— $— $— $1 $6 
Commercial business
Risk Rating
Pass$10,686 $12,875 $17,674 $27,359 $5,793 $9,870 $40,048 $124,305 
Watch— — — — 649 — — 649 
Special Mention— — — 187 304 201 — 692 
Substandard— — 159 140 — 790 — 1,089 
Doubtful— — 202 — — — — 202 
Total commercial business$10,686 $12,875 $18,035 $27,686 $6,746 $10,861 $40,048 $126,937 
Current period gross write-offs$— $— $— $241 $— $— $— $241 
Term Loans Amortized Cost Basis by Origination Fiscal Year
Type20252024202320222021PriorRevolving LoansTotal Loans Receivable
SBA PPP
Risk Rating
Pass$— $— $— $— $58 $— $— $58 
Total SBA PPP$— $— $— $— $58 $— $— $58 
Total loans receivable, gross (1)
Risk Rating
Pass$160,257 $136,609 $229,226 $300,439 $159,115 $349,357 $86,584 $1,421,587 
Watch— 3,875 5,855 2,391 1,881 13,043 — 27,045 
Special Mention— — — 5,033 304 233 — 5,570 
Substandard— — 1,940 12,242 9,662 8,337 624 32,805 
Doubtful— — 202 — — — — 202 
Total loans receivable$160,257 $140,484 $237,223 $320,105 $170,962 $370,970 $87,208 $1,487,209 
Current period gross charge-off$4 $1 $— $241 $— $— $1 $247 
_____________________
(1) Net of construction LIP
Schedule of Allowance for Loan Losses
The following tables set forth information for the three and nine months ended June 30, 2026 and 2025 regarding activity in the ACL by portfolio segment (dollars in thousands):
Three Months Ended June 30, 2026
Beginning
Allowance		Provision for
(Recapture of) Credit Losses		Charge-
Offs		RecoveriesEnding
Allowance
Mortgage loans:
One- to four-family$2,821 $(285)$— $— $2,536 
Multi-family1,639 (86)— — 1,553 
Commercial real estate7,479 409 — — 7,888 
Construction – custom and owner/builder1,175 324 — — 1,499 
Construction – speculative one- to four-family181 111 — — 292 
Construction – commercial257 81 — — 338 
Construction – multi-family969 484 — — 1,453 
Construction – land development80 (68)— — 12 
Land684 (112)— — 572 
Consumer loans:
Home equity and second mortgage452 (88)— — 364 
Other51 1 — 1 53 
Commercial business loans2,860 (171)— — 2,689 
Total$18,648 $600 $— $1 $19,249 

Three Months Ended June 30, 2025
Beginning
Allowance		Provision for
(Recapture of) Credit Losses		Charge-
Offs		RecoveriesEnding
Allowance
Mortgage loans:
  One- to four-family$2,800 $93 $— $— $2,893 
  Multi-family1,315265— — 1,580 
  Commercial real estate6,983180— — 7,163 
  Construction – custom and owner/builder1,21725— — 1,242 
  Construction – speculative one- to four-family898— — 97 
  Construction – commercial358(101)— — 257 
Construction – multi-family543 (165)— — 378 
  Construction – land development375 38 — — 413 
  Land852(39)— — 813 
Consumer loans:
  Home equity and second mortgage34566— — 411 
  Other334— 1 38 
Commercial business loans2,615(23)— 1 2,593 
Total$17,525 $351 $— $2 $17,878 
Nine Months Ended June 30, 2026
Beginning
Allowance		Provision for
(Recapture of) Credit Losses		Charge-
Offs		RecoveriesEnding
Allowance
Mortgage loans:
One-to four-family$2,892 $(356)$— $— $2,536 
Multi-family1,625 (72)— — 1,553 
Commercial real estate7,147 741 — — 7,888 
Construction – custom and owner/builder1,268 231 — — 1,499 
Construction – speculative one- to four-family112 180 — — 292 
Construction – commercial348 (10)— — 338 
Construction – multi-family400 1,053 — — 1,453 
Construction – land development412 (400)— — 12 
Land797 (225)— — 572 
Consumer loans:
Home equity and second mortgage435 (71)— — 364 
Other58 (6)— 1 53 
Commercial business loans2,597 75 — 17 2,689 
Total$18,091 $1,140 $— $18 $19,249 

Nine Months Ended June 30, 2025
Beginning
Allowance		Provision for
(Recapture of) Credit Losses		Charge-
Offs		RecoveriesEnding
Allowance
Mortgage loans:
  One-to four-family$2,632 $261 $— $— $2,893 
  Multi-family1,308 272 — — 1,580
  Commercial real estate6,934 229 — — 7,163
  Construction – custom and owner/builder1,328 (86)— — 1,242
  Construction – speculative one-to four-family128 (31)— — 97
  Construction – commercial537 (280)— — 257
Construction – multi-family456 (78)— — 378 
  Construction – land development335 78 — — 413 
  Land793 20 — — 813
Consumer loans:
  Home equity and second mortgage348 63 — — 411
  Other39 2 (4)1 38
Commercial business loans2,640 190 (241)4 2,593
Total$17,478 $640 $(245)$5 $17,878 
The following table is a summary of the amortized cost of collateral dependent non-accrual loans as of June 30, 2026 (in thousands):
Recorded InvestmentRelated ACL
Mortgage loans:
One- to four-family$1,930 $— 
Commercial real estate4,534 480 
Consumer loans:
Home equity and second mortgage452 — 
   Other20 20 
Commercial business loans1,620 530 
Total$8,556 $1,030 
The following table is a summary of the amortized cost of collateral dependent non-accrual loans as of September 30, 2025 (in thousands):
Recorded InvestmentRelated ACL
Mortgage loans:
One- to four-family$1,781 $— 
Commercial real estate159 — 
Construction - custom and owner/builder553 — 
Consumer loans:
Home equity and second mortgage602 — 
   Other22 22 
Commercial business loans1,290 338 
Total$4,407 $360 
Past Due Status of Loans Receivable
The following tables present an analysis of loans by aging category and portfolio segment at June 30, 2026 and September 30, 2025 (dollars in thousands):
30–59
Days
Past Due		60-89
Days
Past Due		Non-
Accrual (1)		Past Due
90 Days
or More
and Still
Accruing		Total
Past Due		CurrentTotal
Loans
June 30, 2026
Mortgage loans:
One- to four-family$— $— $1,930 $— $1,930 $297,991 $299,921 
Multi-family18 — — — 18 214,565 214,583 
Commercial real estate— — 4,534 — 4,534 641,842 646,376 
Construction – custom and owner/builder (2)
— — — — — 68,746 68,746 
Construction – speculative one- to four-family (2)
— — — — — 12,901 12,901 
Construction – commercial (2)
— — — — — 11,906 11,906 
Construction – multi-family (2)
— — — — — 52,300 52,300 
Construction – land development (2)
— — — — — 412 412 
Land— — — — — 37,416 37,416 
Consumer loans:
Home equity and second mortgage— — 452 — 452 54,519 54,971 
Other— — 20 — 20 1,895 1,915 
Commercial business loans— 134 1,620 — 1,754 117,098 118,852 
Total$18 $134 $8,556 $— $8,708 $1,511,591 $1,520,299 
(1) Includes loans past due 90 days or more and other loans classified as non-accrual.
(2) Net of construction LIP.
30–59
Days
Past Due		60-89
Days
Past Due		Non-
Accrual (1)		Past Due
90 Days
or More
and Still
Accruing		Total
Past Due		CurrentTotal
Loans
September 30, 2025
Mortgage loans:
One- to four-family$— $210 $1,781 $— $1,991 $315,700 $317,691 
Multi-family— — — — — 207,767 207,767 
Commercial real estate— 255 159 — 414 610,278 610,692 
Construction – custom and owner/builder (2)
— — 553 — 553 80,165 80,718 
Construction – speculative one- to four-family (2)
— — — — — 6,923 6,923 
Construction – commercial (2)
— — — — — 15,734 15,734 
Construction – multi-family (2)
— — — — — 18,688 18,688 
Construction – land development (2)
— — — — — 13,536 13,536 
Land— — — — — 35,952 35,952 
Consumer loans:
Home equity and second mortgage— 411 602 — 1,013 49,466 50,479 
Other— — 22 — 22 2,012 2,034 
Commercial business loans374 — 1,290 — 1,664 125,273 126,937 
SBA PPP loans— — — — — 58 58 
Total$374 $876 $4,407 $— $5,657 $1,481,552 $1,487,209 
(1) Includes loans past due 90 days or more and other loans classified as non-accrual.
(2) Net of construction LIP.
Financing Receivable, Modified
The following tables present the amortized cost basis of loans that were experiencing financial difficulty and modified during the nine months ended June 30, 2026, by loan class and modification type (dollars in thousands):
Term Extension
June 30, 2026Amortized Cost Basis% of Total Loan TypeFinancial Effect
Home Equity and Second Mortgage$54 0.10 %
Loan extended five years.
Combination - Term Extension and Interest and Payment Modification
June 30, 2026Amortized Cost Basis% of Total Loan TypeFinancial Effect
Commercial Business Loan$2 — %
Loan extended 18 months, interest rate increased and loan payment decreased.

All loans modified during the past twelve months are performing according to modified terms.

The following tables present the amortized cost basis of loans that were experiencing financial difficulty and modified during the nine months ended June 30, 2025, by loan class and modification type (dollars in thousands):
Combination - Term Extension and Collateral Addition
June 30, 2025Amortized Cost Basis% of Total Loan TypeFinancial Effect
Commercial Business Loan$256 0.20 %
Loan extended three months and secured a deed of trust on a land parcel
Combination - Term Extension and Payment Modification
June 30, 2025Amortized Cost Basis% of Total Loan TypeFinancial Effect
Commercial Business Loan$2 — %
Loan extended seven months, monthly payment reduced with principal payments due at time of change in terms and 1.5 months after signing.