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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Sep. 30, 2020
Assets    
Cash $ 2,270 $ 1,494
Interest earning deposits with banks 40,743 60,232
Total cash and cash equivalents 43,013 61,726
Investment securities - available for sale, at fair value 14,259 14,561
Investment securities - held to maturity, at amortized cost (fair value of $40,484 and $30,899 at March 31, 2021 and September 30, 2020, respectively) 40,797 30,443
Federal Home Loan Bank of New York stock, at cost 1,935 1,981
Loans receivable, net of allowance for loan losses of $7,554 and $6,400 at March 31, 2021 and September 30, 2020, respectively 616,975 603,110
Bank owned life insurance 14,129 13,971
Accrued interest receivable 3,999 4,030
Premises and equipment, net 14,543 14,746
Other real estate owned ("OREO") 1,280 2,594
Other assets 7,849 6,835
Total assets 758,779 753,997
Liabilities    
Deposits 640,773 618,330
Escrowed funds 3,338 2,413
Borrowings 45,881 67,410
Accrued interest payable 158 191
Accounts payable and other liabilities 9,144 8,803
Total liabilities 699,294 697,147
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 March 31, 2021 and September 30, 2020, at cost 59 59
Additional paid-in capital 26,279 26,294
Treasury stock: 112,996 shares at March 31, 2021 and September 30, 2020 , at cost (1,242) (1,242)
Unearned Employee Stock Ownership Plan shares (65)
Retained earnings 36,004 33,161
Accumulated other comprehensive loss (1,615) (1,357)
Total stockholders' equity 59,485 56,850
Total liabilities and stockholders' equity $ 758,779 $ 753,997