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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Sep. 30, 2020
Assets    
Cash $ 1,645 $ 1,494
Interest earning deposits with banks 50,425 60,232
Total cash and cash equivalents 52,070 61,726
Investment securities - available for sale, at fair value 14,798 14,561
Investment securities - held to maturity, at amortized cost (fair value of $32,893 and $30,899 at December 31, 2020 and September 30, 2020, respectively) 32,493 30,443
Federal Home Loan Bank of New York stock, at cost 1,981 1,981
Loans receivable, net of allowance for loan losses of $7,130 and $6,400 at December 31, 2020 and September 30, 2020, respectively 598,530 603,110
Bank owned life insurance 14,049 13,971
Accrued interest receivable 4,096 4,030
Premises and equipment, net 14,607 14,746
Other real estate owned ("OREO") 2,072 2,594
Other assets 7,088 6,835
Total assets 741,784 753,997
Liabilities    
Deposits 612,064 618,330
Escrowed funds 2,655 2,413
Borrowings 60,260 67,410
Accrued interest payable 152 191
Accounts payable and other liabilities 8,452 8,803
Total liabilities 683,583 697,147
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 shares outstanding at December 31, 2020 and September 30, 2020, at cost 59 59
Additional paid-in capital 26,279 26,294
Treasury stock: 112,996 shares at December 31, 2020 and September 30, 2020 , at cost (1,242) (1,242)
Unearned Employee Stock Ownership Plan shares (65)
Retained earnings 34,498 33,161
Accumulated other comprehensive loss (1,393) (1,357)
Total stockholders' equity 58,201 56,850
Total liabilities and stockholders' equity $ 741,784 $ 753,997