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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2019
Sep. 30, 2018
Assets    
Cash $ 825 $ 674
Interest earning deposits with banks 20,644 14,694
Total cash and cash equivalents 21,469 15,368
Investment securities - available for sale, at fair value 16,703 22,469
Investment securities - held to maturity, at amortized cost (fair value of $29,344 and $32,151 at September 30, 2019 and 2018, respectively) 29,481 33,645
Federal Home Loan Bank of New York stock, at cost 2,222 2,164
Loans receivable, net of allowance for loan losses of $4,888 and $4,200 at September 30, 2019 and 2018, respectively 518,217 508,430
Bank owned life insurance 13,647 11,843
Accrued interest receivable 2,133 2,181
Premises and equipment, net 16,172 16,990
Other real estate owned ("OREO") 7,528 8,586
Other assets 2,756 2,292
Total assets 630,328 623,968
Liabilities    
Deposits 530,075 530,137
Escrowed funds 2,399 2,285
Federal Home Loan Bank of New York advances 36,189 35,524
Accrued interest payable 191 193
Accounts payable and other liabilities 6,823 4,467
Total liabilities 575,677 572,606
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, 2019 and 2018 59 59
Additional paid-in capital 26,317 26,310
Treasury stock: 102,996 shares at September 30, 2019 and 2018, at cost (1,152) (1,152)
Unearned Employee Stock Ownership Plan shares (214) (356)
Retained earnings 30,971 27,975
Accumulated other comprehensive loss (1,330) (1,474)
Total stockholders' equity 54,651 51,362
Total liabilities and stockholders' equity $ 630,328 $ 623,968