XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Interest and dividend income        
Loans, including fees $ 6,874 $ 6,498 $ 20,515 $ 19,119
Investment securities        
Taxable 200 263 633 942
Tax-exempt 1 1
Federal Home Loan Bank of New York stock 23 29 73 100
Total interest and dividend income 7,098 6,790 21,222 20,161
Interest expense        
Deposits 487 1,038 1,821 3,883
Borrowings 153 182 519 547
Total interest expense 640 1,220 2,340 4,430
Net interest and dividend income 6,458 5,570 18,882 15,731
Provision for loan losses 246 438 1,353 1,069
Net interest and dividend income after provision for loan losses 6,212 5,132 17,529 14,662
Other income        
Service charges 229 221 831 683
Income on bank owned life insurance 76 79 233 240
Fees for other customer services 9 777
Interest rate swap fees 208
Other operating income 27 19 86 79
Gains on sales of loans 380 55 749 81
Gains on sales of investment securities 68
Total other income 721 374 2,884 1,151
Other expenses        
Compensation and employee benefits 2,621 2,538 7,791 7,709
Occupancy expenses 760 748 2,244 2,234
Professional fees 379 412 1,382 1,190
Data processing expenses 132 153 391 454
OREO expenses 24 335 223 467
FDIC deposit insurance premiums 114 142 370 358
Loan servicing expenses 96 75 294 212
Insurance expense 51 49 140 148
Other expenses 412 331 1,170 1,102
Total other expenses 4,589 4,783 14,005 13,874
Income before income tax expense 2,344 723 6,408 1,939
Income tax expense 676 214 1,898 572
Net income $ 1,668 $ 509 $ 4,510 $ 1,367
Net income per share-basic and diluted $ 0.29 $ 0.09 $ 0.78 $ 0.24
Weighted average basic and diluted shares outstanding 5,810,746 5,814,646 5,810,746 5,820,746