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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Sep. 30, 2019
Assets    
Cash $ 1,469 $ 825
Interest earning deposits with banks 27,672 20,644
Total cash and cash equivalents 29,141 21,469
Investment securities - available for sale, at fair value 9,573 16,703
Investment securities - held to maturity, at amortized cost (fair value of $30,139 and $29,344 at March 31, 2020 and September 30, 2019, respectively) 30,042 29,481
Federal Home Loan Bank of New York stock, at cost 1,992 2,222
Loans receivable, net of allowance for loan losses of $5,525 and $4,888 at March 31, 2020 and September 30, 2019, respectively 541,921 518,217
Bank owned life insurance 13,808 13,647
Accrued interest receivable 2,150 2,133
Premises and equipment, net 15,792 16,172
Other real estate owned ("OREO") 6,727 7,528
Other assets 7,014 2,756
Total assets 658,160 630,328
Liabilities    
Deposits 560,938 530,075
Escrowed funds 2,565 2,399
Federal Home Loan Bank of New York advances 31,079 36,189
Accrued interest payable 190 191
Accounts payable and other liabilities 7,880 6,823
Total liabilities 602,652 575,677
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 March 31, 2020 and September 30, 2019, respectively, at cost 59 59
Additional paid-in capital 26,316 26,317
Treasury stock: 112,996 and 102,996 shares at March 31, 2020 and September 30, 2019, respectively, at cost (1,242) (1,152)
Unearned Employee Stock Ownership Plan shares (141) (214)
Retained earnings 31,829 30,971
Accumulated other comprehensive loss (1,313) (1,330)
Total stockholders' equity 55,508 54,651
Total liabilities and stockholders' equity $ 658,160 $ 630,328