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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2018
Sep. 30, 2017
Assets    
Cash $ 1,002 $ 871
Interest earning deposits with banks 16,349 21,463
Total cash and cash equivalents 17,351 22,334
Investment securities - available for sale, at fair value 23,708 11,815
Investment securities - held to maturity, at amortized cost (fair value of $35,851 and $51,241 at March 31, 2018 and September 30, 2017, respectively) 37,082 51,368
Federal Home Loan Bank of New York stock, at cost 2,092 2,002
Loans receivable, net of allowance for loan losses of $3,769 and $3,475 at March 31, 2018 and September 30, 2017, respectively 483,665 470,693
Bank owned life insurance 11,696 11,550
Accrued interest receivable 1,963 1,929
Premises and equipment, net 17,348 17,567
Other real estate owned ("OREO") 10,151 11,056
Other assets 2,831 2,730
Total assets 607,887 603,044
Liabilities    
Deposits 516,754 515,201
Escrowed funds 2,164 1,937
Federal Home Loan Bank of New York advances 33,905 31,905
Accrued interest payable 117 105
Accounts payable and other liabilities 4,920 4,439
Total liabilities 557,860 553,587
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 March 31, 2018 and September 30, 2017 59 59
Additional paid-in capital 26,300 26,289
Treasury stock: 102,996 shares at Macrh 31, 2018 and September 30, 2017, at cost (1,152) (1,152)
Unearned Employee Stock Ownership Plan shares (424) (492)
Retained earnings 26,670 25,757
Accumulated other comprehensive loss (1,426) (1,004)
Total stockholders' equity 50,027 49,457
Total liabilities and stockholders' equity $ 607,887 $ 603,044