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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2021
Sep. 30, 2020
Assets    
Cash $ 1,808 $ 1,494
Interest earning deposits with banks 73,393 60,232
Total cash and cash equivalents 75,201 61,726
Investment securities - available for sale, at fair value 12,927 14,561
Investment securities - held to maturity, at amortized cost (fair value of $57,282 and $30,899 at September 30, 2021 and 2020, respectively) 57,660 30,443
Federal Home Loan Bank of New York stock, at cost 1,738 1,981
Loans receivable, net of allowance for loan losses of $8,075 and $6,400 at September 30, 2021 and 2020, respectively 585,301 603,110
Bank owned life insurance 14,288 13,971
Accrued interest receivable 3,533 4,030
Premises and equipment, net 14,331 14,746
Other real estate owned ("OREO") 636 2,594
Other assets 8,375 6,835
Total assets 773,990 753,997
Liabilities    
Deposits 639,814 618,330
Escrowed funds 3,242 2,413
Borrowings 23,356 67,410
Accrued interest payable 85 191
Accounts payable and other liabilities 9,852 8,803
Total liabilities 676,349 697,147
Stockholders' equity    
Preferred stock: $.01 Par Value, 500,000 and 1,000,000 shares authorized at September 30, 2021 and 2020, respectively, none issued
Common stock: $.01 Par Value, 14,000,000 and 8,000,000 shares authorized; 7,097,825 and 5,923,742 shares issued; 7,097,825 and 5,810,746 shares outstanding at September 30, 2021 and 2020, respectively, at cost 71 59
Additional paid-in capital 63,713 26,294
Treasury stock: 112,996 shares, at cost (1,242) (1,242)
Unearned Employee Stock Ownership Plan shares (3,235) (65)
Retained earnings 39,281 33,161
Accumulated other comprehensive loss (947) (1,357)
Total stockholders' equity 97,641 56,850
Total liabilities and stockholders' equity $ 773,990 $ 753,997