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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Interest and dividend income        
Loans, including fees $ 6,442 $ 5,736 $ 18,794 $ 16,579
Investment securities        
Taxable 432 399 1,466 1,236
Federal Home Loan Bank of New York stock 32 33 114 97
Total interest and dividend income 6,906 6,168 20,374 17,912
Interest expense        
Deposits 1,482 981 4,427 2,746
Borrowings 200 185 570 512
Total interest expense 1,682 1,166 4,997 3,258
Net interest and dividend income 5,224 5,002 15,377 14,654
Provision for loan losses 194 276 501 782
Net interest and dividend income after provision for loan losses 5,030 4,726 14,876 13,872
Other income        
Service charges 285 268 886 749
Income on bank owned life insurance 75 73 222 218
Other operating income 35 34 96 101
Gains on sales of loans 146 151 362
Gains on sales of investment securities 27 59 107
Total other income 422 521 1,414 1,537
Other expenses        
Compensation and employee benefits 2,581 2,496 7,541 7,297
Occupancy expenses 749 718 2,233 2,190
Professional fees 258 284 827 768
Data processing expenses 165 143 472 424
OREO expenses 12 63 273 462
FDIC deposit insurance premiums 114 114 330 319
Loan servicing expenses 65 73 171 231
Insurance expense 51 50 153 152
Other expenses 430 418 1,207 1,207
Total other expenses 4,425 4,359 13,207 13,050
Income before income tax expense 1,027 888 3,083 2,359
Income tax expense 301 289 905 1,035
Net income $ 726 $ 599 $ 2,178 $ 1,324
Net income per share-basic and diluted $ 0.12 $ 0.10 $ 0.37 $ 0.23
Weighted average basic and diluted shares outstanding 5,820,746 5,820,746 5,820,746 5,820,746