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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Dec. 31, 2021
Sep. 30, 2021
Assets    
Cash $ 2,141 $ 1,808
Interest earning deposits with banks 80,130 73,393
Total cash and cash equivalents 82,271 75,201
Investment securities - available for sale, at fair value 12,181 12,927
Investment securities - held to maturity, at amortized cost (fair value of $65,671 and $57,282 at December 31, 2021 and September 30, 2021, respectively) 66,467 57,660
Federal Home Loan Bank of New York stock, at cost 1,661 1,738
Loans receivable, net of allowance for loan losses of $8,228 and $8,075 at December 31, 2021 and September 30, 2021, respectively 574,266 585,301
Bank owned life insurance 17,375 14,288
Accrued interest receivable 3,584 3,533
Premises and equipment, net 14,199 14,331
Other real estate owned ("OREO") 649 636
Other assets 8,001 8,375
Total assets 780,654 773,990
Liabilities    
Deposits 647,675 639,814
Escrowed funds 3,277 3,242
Borrowings 21,356 23,356
Accrued interest payable 81 85
Accounts payable and other liabilities 9,822 9,852
Total liabilities 682,211 676,349
Stockholders' equity    
Preferred stock: $.01 Par Value, 500,000 shares authorized; at December 31, 2021 and September 30, 2021, none issued
Common stock: $.01 Par Value, 14,000,000 shares authorized; 7,097,825 shares issued; 7,097,825 shares outstanding at December 31, 2021 and September 30, 2021, at cost 71 71
Additional paid-in capital 63,681 63,713
Treasury stock: 112,996 shares, at cost (1,242) (1,242)
Unearned Employee Stock Ownership Plan shares (3,240) (3,235)
Retained earnings 40,160 39,281
Accumulated other comprehensive loss (987) (947)
Total stockholders' equity 98,443 97,641
Total liabilities and stockholders' equity $ 780,654 $ 773,990