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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2019
Sep. 30, 2018
Assets    
Cash $ 1,106 $ 674
Interest earning deposits with banks 47,064 14,694
Total cash and cash equivalents 48,170 15,368
Investment securities - available for sale, at fair value 24,347 22,469
Investment securities - held to maturity, at amortized cost (fair value of $33,236 and $32,151 at March 31, 2019 and September 30, 2018, respectively) 33,920 33,645
Federal Home Loan Bank of New York stock, at cost 2,031 2,164
Loans receivable, net of allowance for loan losses of $4,600 and $4,200 at March 31, 2019 and September 30, 2018, respectively 515,380 508,430
Bank owned life insurance 11,990 11,843
Accrued interest receivable 2,237 2,181
Premises and equipment, net 16,586 16,990
Other real estate owned ("OREO") 7,558 8,586
Other assets 2,743 2,292
Total assets 664,962 623,968
Liabilities    
Deposits 571,794 530,137
Escrowed funds 2,714 2,285
Federal Home Loan Bank of New York advances 32,559 35,524
Accrued interest payable 222 193
Accounts payable and other liabilities 4,347 4,467
Total liabilities 611,636 572,606
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 March 31, 2019 and September 30, 2018 59 59
Additional paid-in capital 26,314 26,310
Treasury stock: 102,996 shares at March 31, 2019 and September 30, 2018, at cost (1,152) (1,152)
Unearned Employee Stock Ownership Plan shares (285) (356)
Retained earnings 29,427 27,975
Accumulated other comprehensive loss (1,037) (1,474)
Total stockholders' equity 53,326 51,362
Total liabilities and stockholders' equity $ 664,962 $ 623,968