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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2017
Sep. 30, 2016
Assets    
Cash $ 1,094 $ 1,000
Interest earning deposits with banks 9,358 20,806
Total cash and cash equivalents 10,452 21,806
Investment securities - available for sale, at fair value 10,462 5,234
Investment securities - held to maturity, at amortized cost (fair value of $51,935 and $53,849 at March 31, 2017 and September 30, 2016, respectively) 52,248 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 $3,313 and $3,056 at March 31, 2017 and September 30, 2016, respectively 460,819 455,031
Bank owned life insurance 11,400 11,257
Accrued interest receivable 1,949 1,710
Premises and equipment, net 17,770 18,084
Other real estate owned ("OREO") 11,479 12,082
Other assets 3,951 4,000
Total assets 582,679 584,377
Liabilities    
Deposits 493,821 492,650
Escrowed funds 1,929 1,668
Federal Home Loan Bank of New York advances 34,040 36,040
Accrued interest payable 111 115
Accounts payable and other liabilities 4,509 6,179
Total liabilities 534,410 536,652
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 March 31, 2017 and September 30, 2016 59 59
Additional paid-in capital 26,277 26,270
Treasury stock: 102,996 shares at March 31, 2017 and September 30, 2016, at cost (1,152) (1,152)
Unearned Employee Stock Ownership Plan shares (559) (627)
Retained earnings 24,982 24,334
Accumulated other comprehensive loss (1,338) (1,159)
Total stockholders' equity 48,269 47,725
Total liabilities and stockholders' equity $ 582,679 $ 584,377