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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Sep. 30, 2019
Assets    
Cash $ 1,494 $ 825
Interest earning deposits with banks 60,232 20,644
Total cash and cash equivalents 61,726 21,469
Investment securities - available for sale, at fair value 14,561 16,703
Investment securities - held to maturity, at amortized cost (fair value of $30,899 and $29,344 at September 30, 2020 and 2019, respectively) 30,443 29,481
Federal Home Loan Bank of New York stock, at cost 1,981 2,222
Loans receivable, net of allowance for loan losses of $6,400 and $4,888 at September 30, 2020 and 2019, respectively 603,110 518,217
Bank owned life insurance 13,971 13,647
Accrued interest receivable 4,030 2,133
Premises and equipment, net 14,746 16,172
Other real estate owned ("OREO") 2,594 7,528
Other assets 6,835 2,756
Total assets 753,997 630,328
Liabilities    
Deposits 618,330 530,075
Escrowed funds 2,413 2,399
Borrowings 67,410 36,189
Accrued interest payable 191 191
Accounts payable and other liabilities 8,803 6,823
Total liabilities 697,147 575,677
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; 5,810,746 and 5,820,746 shares outstanding at September 30, 2020 and 2019, respectively, at cost 59 59
Additional paid-in capital 26,294 26,317
Treasury stock: 112,996 and 102,996 shares at September 30, 2020 and 2019, respectively, at cost (1,242) (1,152)
Unearned Employee Stock Ownership Plan shares (65) (214)
Retained earnings 33,161 30,971
Accumulated other comprehensive loss (1,357) (1,330)
Total stockholders' equity 56,850 54,651
Total liabilities and stockholders' equity $ 753,997 $ 630,328