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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Sep. 30, 2021
Assets    
Cash $ 2,812 $ 1,808
Interest earning deposits with banks 23,509 73,393
Total cash and cash equivalents 26,321 75,201
Investment securities - available for sale, at fair value 10,058 12,927
Investment securities - held to maturity, at amortized cost (fair value of $83,650 and $57,282 at June 30, 2022 and September 30, 2021, respectively) 91,222 57,660
Federal Home Loan Bank of New York stock, at cost 1,431 1,738
Loans receivable, net of allowance for loan losses of $8,505 and $8,075 at June 30, 2022 and September 30, 2021, respectively 616,656 585,301
Bank owned life insurance 17,563 14,288
Accrued interest receivable 3,550 3,533
Premises and equipment, net 13,950 14,331
Other real estate owned ("OREO") 281 636
Other assets 9,620 8,375
Total assets 790,652 773,990
Liabilities    
Deposits 659,821 639,814
Escrowed funds 3,540 3,242
Borrowings 15,284 23,356
Accrued interest payable 56 85
Accounts payable and other liabilities 10,971 9,852
Total liabilities 689,672 676,349
Stockholders' equity    
Preferred stock: $.01 Par Value in dollar, 500,000 shares authorized; at June 30, 2022 and September 30, 2021, none issued
Common stock: $.01 Par Value in dollar, 14,000,000 shares authorized; 7,097,825 shares issued; 7,097,825 shares outstanding at June 30, 2022 and September 30, 2021, at cost 71 71
Additional paid-in capital 63,712 63,713
Treasury stock: 112,996 shares, at cost (1,242) (1,242)
Unearned Employee Stock Ownership Plan shares (3,192) (3,235)
Retained earnings 43,547 39,281
Accumulated other comprehensive loss (1,916) (947)
Total stockholders' equity 100,980 97,641
Total liabilities and stockholders' equity $ 790,652 $ 773,990