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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2015
Sep. 30, 2015
Assets    
Cash $ 1,282 $ 1,081
Interest earning deposits with banks 36,133 17,027
Total cash and cash equivalents 37,415 18,108
Investment securities - available for sale, at fair value 10,105 6,064
Investment securities - held to maturity, at amortized cost (fair value of $54,711 and $53,248 at December 31, 2015 and September 30, 2015, respectively) 55,036 52,614
Federal Home Loan Bank of New York stock, at cost 2,025 2,025
Loans receivable, net of allowance for loan losses of $3,100 and $2,886 at December 31, 2015 and September 30, 2015, respectively 416,458 420,596
Bank owned life insurance 11,035 10,962
Accrued interest receivable 1,647 1,703
Premises and equipment, net 17,685 17,818
Other real estate owned ("OREO") 15,680 16,192
Other assets 4,427 4,483
Total assets 571,513 550,565
Liabilities    
Deposits 487,164 466,269
Escrowed funds 1,367 1,301
Federal Home Loan Bank of New York advances 31,594 31,594
Accrued interest payable 139 102
Accounts payable and other liabilities 4,374 4,630
Total liabilities $ 524,638 $ 503,896
Stockholders' equity    
Preferred stock: $.01 Par Value, 1,000,000 shares authorized; none issued
Common stock: $.01 Par Value, 8,000,000 shares authorized; 5,923,742 issued; 5,819,494 shares outstanding at December 31, 2015 and September 30, 2015 $ 59 $ 59
Additional paid-in capital 26,275 26,275
Treasury stock: 104,248 shares at December 31, 2015 and September 30, 2015, at cost (1,166) (1,166)
Unearned Employee Stock Ownership Plan shares (721) (752)
Retained earnings 23,561 23,252
Accumulated other comprehensive loss (1,133) (999)
Total stockholders' equity 46,875 46,669
Total liabilities and stockholders' equity $ 571,513 $ 550,565