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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Sep. 30, 2019
Assets    
Cash $ 1,096 $ 825
Interest earning deposits with banks 18,133 20,644
Total cash and cash equivalents 19,229 21,469
Investment securities - available for sale, at fair value 17,494 16,703
Investment securities - held to maturity, at amortized cost (fair value of $30,762 and $29,344 at December 31, 2019 and September 30, 2019, respectively) 30,917 29,481
Federal Home Loan Bank of New York stock, at cost 1,965 2,222
Loans receivable, net of allowance for loan losses of $5,100 and $4,888 at December 31, 2019 and September 30, 2019, respectively 525,431 518,217
Bank owned life insurance 13,729 13,647
Accrued interest receivable 2,099 2,133
Premises and equipment, net 15,971 16,172
Other real estate owned ("OREO") 7,462 7,528
Other assets 6,638 2,756
Total assets 640,935 630,328
Liabilities    
Deposits 543,654 530,075
Escrowed funds 2,473 2,399
Federal Home Loan Bank of New York advances 30,488 36,189
Accrued interest payable 160 191
Accounts payable and other liabilities 8,928 6,823
Total liabilities 585,703 575,677
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; 5,820,746 shares outstanding at December 31, 2019 and September 30, 2019 59 59
Additional paid-in capital 26,319 26,317
Treasury stock: 102,996 shares at December 31, 2019 and September 30, 2019, at cost (1,152) (1,152)
Unearned Employee Stock Ownership Plan shares (178) (214)
Retained earnings 31,524 30,971
Accumulated other comprehensive loss (1,340) (1,330)
Total stockholders' equity 55,232 54,651
Total liabilities and stockholders' equity $ 640,935 $ 630,328