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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Sep. 30, 2016
Assets    
Cash $ 1,393 $ 1,000
Interest earning deposits with banks 13,202 20,806
Total cash and cash equivalents 14,595 21,806
Investment securities - available for sale, at fair value 10,631 5,234
Investment securities - held to maturity, at amortized cost (fair value of $51,745 and $53,849 at December 31, 2016 and September 30, 2016, respectively) 52,035 52,934
Federal Home Loan Bank of New York stock, at cost 2,149 2,239
Loans receivable, net of allowance for loan losses of $3,170 and $3,056 at December 31, 2016 and September 30, 2016, respectively 461,697 455,031
Bank owned life insurance 11,329 11,257
Accrued interest receivable 1,852 1,710
Premises and equipment, net 17,898 18,084
Other real estate owned ("OREO") 11,962 12,082
Other assets 3,545 4,000
Total assets 587,693 584,377
Liabilities    
Deposits 499,824 492,650
Escrowed funds 1,782 1,668
Federal Home Loan Bank of New York advances 34,040 36,040
Accrued interest payable 144 115
Accounts payable and other liabilities 3,994 6,179
Total liabilities 539,784 536,652
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 December 31, 2016 and September 30, 2016 59 59
Additional paid-in capital 26,270 26,270
Treasury stock: 102,996 shares at December 31, 2016 and September 30, 2016, at cost (1,152) (1,152)
Unearned Employee Stock Ownership Plan shares (592) (627)
Retained earnings 24,681 24,334
Accumulated other comprehensive loss (1,357) (1,159)
Total stockholders' equity 47,909 47,725
Total liabilities and stockholders' equity $ 587,693 $ 584,377