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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Sep. 30, 2018
Assets    
Cash $ 1,040 $ 674
Interest earning deposits with banks 32,253 14,694
Total cash and cash equivalents 33,293 15,368
Investment securities - available for sale, at fair value 22,355 22,469
Investment securities - held to maturity, at amortized cost (fair value of $33,467 and $32,151 at December 31, 2018 and September 30, 2018, respectively) 34,553 33,645
Federal Home Loan Bank of New York stock, at cost 2,127 2,164
Loans receivable, net of allowance for loan losses of $4,402 and $4,200 at December 31, 2018 and September 30, 2018, respectively 510,161 508,430
Bank owned life insurance 11,917 11,843
Accrued interest receivable 2,080 2,181
Premises and equipment, net 16,777 16,990
Other real estate owned ("OREO") 8,192 8,586
Other assets 2,130 2,292
Total assets 643,585 623,968
Liabilities    
Deposits 549,786 530,137
Escrowed funds 2,582 2,285
Federal Home Loan Bank of New York advances 34,699 35,524
Accrued interest payable 191 193
Accounts payable and other liabilities 3,995 4,467
Total liabilities 591,253 572,606
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 December 31, 2018 and September 30, 2018 59 59
Additional paid-in capital 26,314 26,310
Treasury stock: 102,996 shares at December 31, 2018 and September 30, 2018, at cost (1,152) (1,152)
Unearned Employee Stock Ownership Plan shares (321) (356)
Retained earnings 28,660 27,975
Accumulated other comprehensive loss (1,228) (1,474)
Total stockholders' equity 52,332 51,362
Total liabilities and stockholders' equity $ 643,585 $ 623,968