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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2018
Sep. 30, 2017
Assets    
Cash $ 674 $ 871
Interest earning deposits with banks 14,694 21,463
Total cash and cash equivalents 15,368 22,334
Investment securities - available for sale, at fair value 22,469 11,815
Investment securities - held to maturity, at amortized cost (fair value of $32,151 and $51,241 at September 30, 2018 and 2017, respectively) 33,645 51,368
Federal Home Loan Bank of New York stock, at cost 2,164 2,002
Loans receivable, net of allowance for loan losses of $4,200 and $3,475 at September 30, 2018 and 2017, respectively 508,430 470,693
Bank owned life insurance 11,843 11,550
Accrued interest receivable 2,181 1,929
Premises and equipment, net 16,990 17,567
Other real estate owned ("OREO") 8,586 11,056
Other assets 2,292 2,730
Total assets 623,968 603,044
Liabilities    
Deposits 530,137 515,201
Escrowed funds 2,285 1,937
Federal Home Loan Bank of New York advances 35,524 31,905
Accrued interest payable 193 105
Accounts payable and other liabilities 4,467 4,439
Total liabilities 572,606 553,587
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, 2018 and 2017 59 59
Additional paid-in capital 26,310 26,289
Treasury stock: 102,996 shares at September 30, 2018 and 2017, at cost (1,152) (1,152)
Unearned Employee Stock Ownership Plan shares (356) (492)
Retained earnings 27,975 25,757
Accumulated other comprehensive loss (1,474) (1,004)
Total stockholders' equity 51,362 49,457
Total liabilities and stockholders' equity $ 623,968 $ 603,044