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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2020
Mar. 31, 2019
Interest and dividend income        
Loans, including fees $ 6,224 $ 6,226 $ 12,620 $ 12,353
Investment securities        
Taxable 341 546 679 1,034
Federal Home Loan Bank of New York stock 34 37 71 82
Total interest and dividend income 6,599 6,809 13,370 13,469
Interest expense        
Deposits 1,398 1,508 2,845 2,946
Borrowings 169 180 365 370
Total interest expense 1,567 1,688 3,210 3,316
Net interest and dividend income 5,032 5,121 10,160 10,153
Provision for loan losses 420 106 631 307
Net interest and dividend income after provision for loan losses 4,612 5,015 9,529 9,846
Other income        
Service charges 196 279 462 600
Income on bank owned life insurance 79 73 161 147
Other operating income 31 30 61 61
Gains on sales of loans 151 26 151
Gains on sales of investment securities 68 32 68 32
Total other income 374 565 778 991
Other expenses        
Compensation and employee benefits 2,584 2,517 5,172 4,960
Occupancy expenses 743 744 1,486 1,484
Professional fees 430 278 778 569
Data processing expenses 147 154 301 307
OREO expenses 30 214 133 261
FDIC deposit insurance premiums 108 109 216 216
Loan servicing expenses 86 47 136 106
Insurance expense 47 49 99 102
Other expenses 385 377 769 776
Total other expenses 4,560 4,489 9,090 8,781
Income before income tax expense 426 1,091 1,217 2,056
Income tax expense 121 324 359 604
Net income $ 305 $ 767 $ 858 $ 1,452
Net income per share-basic and diluted $ 0.05 $ 0.13 $ 0.15 $ 0.25
Weighted average basic and diluted shares outstanding 5,819,879 5,820,746 5,820,746 5,820,746