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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Sep. 30, 2021
Assets    
Cash $ 2,010 $ 1,808
Interest earning deposits with banks 53,289 73,393
Total cash and cash equivalents 55,299 75,201
Investment securities - available for sale, at fair value 10,987 12,927
Investment securities - held to maturity, at amortized cost (fair value of $79,306 and $57,282 at March 31, 2022 and September 30, 2021, respectively) 84,300 57,660
Federal Home Loan Bank of New York stock, at cost 1,561 1,738
Loans receivable, net of allowance for loan losses of $8,300 and $8,075 at March 31, 2022 and September 30, 2021, respectively 609,413 585,301
Bank owned life insurance 17,469 14,288
Accrued interest receivable 3,582 3,533
Premises and equipment, net 14,075 14,331
Other real estate owned ("OREO") 649 636
Other assets 9,330 8,375
Total assets 806,665 773,990
Liabilities    
Deposits 675,249 639,814
Escrowed funds 3,359 3,242
Borrowings 19,150 23,356
Accrued interest payable 73 85
Accounts payable and other liabilities 9,436 9,852
Total liabilities 707,267 676,349
Stockholders' equity    
Preferred stock: $.01 Par Value, 500,000 shares authorized; at March 31, 2022 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 March 31, 2022 and September 30, 2021, at cost 71 71
Additional paid-in capital 63,697 63,713
Treasury stock: 112,996 shares, at cost (1,242) (1,242)
Unearned Employee Stock Ownership Plan shares (3,216) (3,235)
Retained earnings 41,634 39,281
Accumulated other comprehensive loss (1,546) (947)
Total stockholders' equity 99,398 97,641
Total liabilities and stockholders' equity $ 806,665 $ 773,990