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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2019
Sep. 30, 2018
Assets    
Cash $ 1,183 $ 674
Interest earning deposits with banks 6,756 14,694
Total cash and cash equivalents 7,939 15,368
Investment securities - available for sale, at fair value 20,941 22,469
Investment securities - held to maturity, at amortized cost (fair value of $31,771 and $32,151 at June 30, 2019 and September 30, 2018, respectively) 32,014 33,645
Federal Home Loan Bank of New York stock, at cost 2,861 2,164
Loans receivable, net of allowance for loan losses of $4,693 and $4,200 at June 30, 2019 and September 30, 2018, respectively 526,279 508,430
Bank owned life insurance 13,565 11,843
Accrued interest receivable 2,385 2,181
Premises and equipment, net 16,369 16,990
Other real estate owned ("OREO") 7,534 8,586
Other assets 2,687 2,292
Total assets 632,574 623,968
Liabilities    
Deposits 520,039 530,137
Escrowed funds 2,657 2,285
Federal Home Loan Bank of New York advances 50,389 35,524
Accrued interest payable 162 193
Accounts payable and other liabilities 5,085 4,467
Total liabilities 578,332 572,606
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 June 30, 2019 and September 30, 2018 59 59
Additional paid-in capital 26,316 26,310
Treasury stock: 102,996 shares at June 30, 2019 and September 30, 2018, at cost (1,152) (1,152)
Unearned Employee Stock Ownership Plan shares (250) (356)
Retained earnings 30,153 27,975
Accumulated other comprehensive loss (884) (1,474)
Total stockholders' equity 54,242 51,362
Total liabilities and stockholders' equity $ 632,574 $ 623,968