XML 15 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Interest and dividend income    
Loans, including fees $ 5,435 $ 4,998
Investment securities    
Taxable 422 379
Federal Home Loan Bank of New York stock 31 30
Total interest and dividend income 5,888 5,407
Interest expense    
Deposits 894 729
Borrowings 162 192
Total interest expense 1,056 921
Net interest and dividend income 4,832 4,486
Provision for loan losses 250 330
Net interest and dividend income after provision for loan losses 4,582 4,156
Other income    
Service charges 258 272
Income on bank owned life insurance 71 72
Other operating income 25 34
Gains on sales of loans 187 87
Gains on sales of investment securities 107
Total other income 648 465
Other expenses    
Compensation and employee benefits 2,358 2,222
Occupancy expenses 718 687
Professional fees 230 241
Data processing expenses 137 132
OREO expenses 232 179
FDIC deposit insurance premiums 109 130
Loan servicing expenses 80 48
Insurance expense 59 66
Other expenses 414 329
Total other expenses 4,337 4,034
Income before income tax expense 893 587
Income tax expense 564 240
Net income $ 329 $ 347
Net income per share-basic and diluted $ 0.06 $ 0.06