XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.1
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2021
Mar. 31, 2020
Interest and dividend income        
Loans, including fees $ 6,890 $ 6,224 $ 13,641 $ 12,620
Investment securities        
Taxable 207 341 433 679
Federal Home Loan Bank of New York stock 25 34 50 71
Total interest and dividend income 7,122 6,599 14,124 13,370
Interest expense        
Deposits 569 1,398 1,334 2,845
Borrowings 175 169 366 365
Total interest expense 744 1,567 1,700 3,210
Net interest and dividend income 6,378 5,032 12,424 10,160
Provision for loan losses 467 420 1,107 631
Net interest and dividend income after provision for loan losses 5,911 4,612 11,317 9,529
Other income        
Service charges 308 196 601 462
Income on bank owned life insurance 79 79 157 161
Fees for other customer services 303 768
Interest rate swap fees 107 208
Other operating income 34 31 60 61
Gains on sales of loans 106 369 26
Gains on sales of investment securities 68 68
Total other income 937 374 2,163 778
Other expenses        
Compensation and employee benefits 2,623 2,584 5,170 5,172
Occupancy expenses 758 743 1,484 1,486
Professional fees 475 430 1,003 778
Data processing expenses 127 147 260 301
OREO expenses 19 30 199 133
FDIC deposit insurance premiums 127 108 256 216
Loan servicing expenses 114 86 198 136
Insurance expense 40 47 88 99
Other expenses 407 385 758 769
Total other expenses 4,690 4,560 9,416 9,090
Income before income tax expense 2,158 426 4,064 1,217
Income tax expense 652 121 1,221 359
Net income $ 1,506 $ 305 $ 2,843 $ 858
Net income per share-basic and diluted $ 0.26 $ 0.05 $ 0.49 $ 0.15
Weighted average basic and diluted shares outstanding 5,810,746 5,819,879 5,810,746 5,820,746