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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2016
Sep. 30, 2015
Assets    
Cash $ 1,500 $ 1,081
Interest earning deposits with banks 19,428 17,027
Total cash and cash equivalents 20,928 18,108
Investment securities - available for sale, at fair value 8,106 6,064
Investment securities - held to maturity, at amortized cost (fair value of $59,573 and $53,248 at March 31, 2016 and September 30, 2015, respectively) 58,886 52,614
Federal Home Loan Bank of New York stock, at cost 1,923 2,025
Loans receivable, net of allowance for loan losses of $2,890 and $2,886 at March 31, 2016 and September 30, 2015, respectively 421,080 420,596
Bank owned life insurance 11,111 10,962
Accrued interest receivable 1,748 1,703
Premises and equipment, net 17,586 17,818
Other real estate owned ("OREO") 16,296 16,192
Other assets 4,654 4,483
Total assets 562,318 550,565
Liabilities    
Deposits 479,491 466,269
Escrowed funds 1,489 1,301
Federal Home Loan Bank of New York advances 29,334 31,594
Accrued interest payable 91 102
Accounts payable and other liabilities 4,710 4,630
Total liabilities $ 515,115 $ 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 March 31, 2016 and September 30, 2015 $ 59 $ 59
Additional paid-in capital 26,276 26,275
Treasury stock: 104,248 shares at March 31, 2016 and September 30, 2015, at cost (1,166) (1,166)
Unearned Employee Stock Ownership Plan shares (689) (752)
Retained earnings 23,739 23,252
Accumulated other comprehensive loss (1,016) (999)
Total stockholders' equity 47,203 46,669
Total liabilities and stockholders' equity $ 562,318 $ 550,565