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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2021
Sep. 30, 2020
Assets    
Cash $ 1,918 $ 1,494
Interest earning deposits with banks 127,267 60,232
Total cash and cash equivalents 129,185 61,726
Investment securities - available for sale, at fair value 13,731 14,561
Investment securities - held to maturity, at amortized cost (fair value of $48,263 and $30,899 at June 30, 2021 and September 30, 2020, respectively) 48,298 30,443
Federal Home Loan Bank of New York stock, at cost 1,888 1,981
Loans receivable, net of allowance for loan losses of $7,800 and $6,400 at June 30, 2021 and September 30, 2020, respectively 605,574 603,110
Bank owned life insurance 14,204 13,971
Accrued interest receivable 3,882 4,030
Premises and equipment, net 14,491 14,746
Other real estate owned ("OREO") 1,305 2,594
Other assets 9,772 6,835
Total assets 842,330 753,997
Liabilities    
Deposits 735,952 618,330
Escrowed funds 3,403 2,413
Borrowings 31,304 67,410
Accrued interest payable 89 191
Accounts payable and other liabilities 10,319 8,803
Total liabilities 781,067 697,147
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 June 30, 2021 and September 30, 2020, at cost 59 59
Additional paid-in capital 26,279 26,294
Treasury stock: 112,996 shares at June 30, 2021 and September 30, 2020 , at cost (1,242) (1,242)
Unearned Employee Stock Ownership Plan shares (65)
Retained earnings 37,672 33,161
Accumulated other comprehensive loss (1,505) (1,357)
Total stockholders' equity 61,263 56,850
Total liabilities and stockholders' equity $ 842,330 $ 753,997