XML 13 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2017
Sep. 30, 2016
Assets    
Cash $ 1,312 $ 1,000
Interest earning deposits with banks 11,433 20,806
Total cash and cash equivalents 12,745 21,806
Investment securities - available for sale, at fair value 10,243 5,234
Investment securities - held to maturity, at amortized cost (fair value of $50,923 and $53,849 at June 30, 2017 and September 30, 2016, respectively) 51,073 52,934
Federal Home Loan Bank of New York stock, at cost 2,116 2,239
Loans receivable, net of allowance for loan losses of $3,385 and $3,056 at June 30, 2017 and September 30, 2016, respectively 465,077 455,031
Bank owned life insurance 11,471 11,257
Accrued interest receivable 1,805 1,710
Premises and equipment, net 17,680 18,084
Other real estate owned ("OREO") 11,840 12,082
Other assets 3,517 4,000
Total assets 587,567 584,377
Liabilities    
Deposits 499,772 492,650
Escrowed funds 2,128 1,668
Federal Home Loan Bank of New York advances 31,905 36,040
Accrued interest payable 132 115
Accounts payable and other liabilities 5,005 6,179
Total liabilities 538,942 536,652
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 June 30, 2017 and September 30, 2016 59 59
Additional paid-in capital 26,284 26,270
Treasury stock: 102,996 shares at June 30, 2017 and September 30, 2016, at cost (1,152) (1,152)
Unearned Employee Stock Ownership Plan shares (525) (627)
Retained earnings 25,269 24,334
Accumulated other comprehensive loss (1,310) (1,159)
Total stockholders' equity 48,625 47,725
Total liabilities and stockholders' equity $ 587,567 $ 584,377