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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2017
Sep. 30, 2016
Assets    
Cash $ 871 $ 1,000
Interest earning deposits with banks 21,463 20,806
Total cash and cash equivalents 22,334 21,806
Investment securities - available for sale, at fair value 11,815 5,234
Investment securities - held to maturity, at amortized cost (fair value of $51,241 and $53,849 at September 30, 2017 and 2016, respectively) 51,368 52,934
Federal Home Loan Bank of New York stock, at cost 2,002 2,239
Loans receivable, net of allowance for loan losses of $3,475 and $3,056 at September 30, 2017 and 2016, respectively 470,693 455,031
Bank owned life insurance 11,550 11,257
Accrued interest receivable 1,929 1,710
Premises and equipment, net 17,567 18,084
Other real estate owned ("OREO") 11,056 12,082
Other assets 2,730 4,000
Total assets 603,044 584,377
Liabilities    
Deposits 515,201 492,650
Escrowed funds 1,937 1,668
Federal Home Loan Bank of New York advances 31,905 36,040
Accrued interest payable 105 115
Accounts payable and other liabilities 4,439 6,179
Total liabilities 553,587 536,652
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; 5,820,746 shares outstanding at September 30, 2017 and 2016 59 59
Additional paid-in capital 26,289 26,270
Treasury stock: 102,996 shares at September 30, 2017 and 2016, at cost (1,152) (1,152)
Unearned Employee Stock Ownership Plan shares (492) (627)
Retained earnings 25,757 24,334
Accumulated other comprehensive loss (1,004) (1,159)
Total stockholders' equity 49,457 47,725
Total liabilities and stockholders' equity $ 603,044 $ 584,377