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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Sep. 30, 2021
Assets    
Cash $ 2,869 $ 1,808
Interest earning deposits with banks 28,067 73,393
Total cash and cash equivalents 30,936 75,201
Investment securities - available for sale, at fair value 9,229 12,927
Investment securities - held to maturity, at amortized cost (fair value of $79,914 and $57,282 at September 30, 2022 and 2021, respectively) 91,646 57,660
Federal Home Loan Bank of New York stock, at cost 1,447 1,738
Loans receivable, net of allowance for loan losses of $8,433 and $8,075 at September 30, 2022 and 2021, respectively 619,843 585,301
Bank owned life insurance 17,660 14,288
Accrued interest receivable 3,478 3,533
Premises and equipment, net 13,880 14,331
Other real estate owned ("OREO") 281 636
Other assets 10,143 8,375
Total assets 798,543 773,990
Liabilities    
Deposits 667,733 639,814
Escrowed funds 3,407 3,242
Borrowings 15,625 23,356
Accrued interest payable 85 85
Accounts payable and other liabilities 13,191 9,852
Total liabilities 700,041 676,349
Stockholders' equity    
Preferred stock: $.01 Par Value, 500,000 shares authorized; at September 30, 2022 and 2021, none issued
Common stock: $.01 Par Value, 14,000,000 shares authorized; 7,097,825 shares issued; 6,745,128 and 7,097,825 shares outstanding at September 30, 2022 and 2021, respectively, at cost 71 71
Additional paid-in capital 63,734 63,713
Treasury stock: 465,693 and 112,996 shares at September 30, 2022 and 2021, respectively, at cost (5,793) (1,242)
Unearned Employee Stock Ownership Plan shares (3,169) (3,235)
Retained earnings 45,773 39,281
Accumulated other comprehensive loss (2,114) (947)
Total stockholders' equity 98,502 97,641
Total liabilities and stockholders' equity $ 798,543 $ 773,990