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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Interest and dividend income        
Loans, including fees $ 7,018 $ 6,874 $ 20,281 $ 20,515
Investment securities        
Taxable 428 200 1,023 633
Tax-exempt 11 1 27 1
Federal Home Loan Bank of New York stock 19 23 58 73
Total interest and dividend income 7,476 7,098 21,389 21,222
Interest expense        
Deposits 420 487 1,286 1,821
Borrowings 92 153 323 519
Total interest expense 512 640 1,609 2,340
Net interest and dividend income 6,964 6,458 19,780 18,882
Provision for loan losses 205 246 376 1,353
Net interest and dividend income after provision for loan losses 6,759 6,212 19,404 17,529
Other income        
Service charges 284 229 860 831
Income on bank owned life insurance 94 76 275 233
Fees for other customer services 9 777
Interest rate swap fees 76 76 208
Other operating income 21 27 67 86
Gains on sales of loans 134 380 553 749
Gain on sale of OREO 67 67
Total other income 676 721 1,898 2,884
Other expenses        
Compensation and employee benefits 2,701 2,621 8,096 7,791
Occupancy expenses 750 760 2,255 2,244
Professional fees 198 379 856 1,382
Data processing expenses 136 132 409 391
Marketing and business development 143 66 353 171
OREO expenses 6 24 54 223
FDIC deposit insurance premiums 55 114 161 370
Loan servicing expenses 2 96 86 294
Other expenses 441 397 1,293 1,139
Total other expenses 4,432 4,589 13,563 14,005
Income before income tax expense 3,003 2,344 7,739 6,408
Income tax expense 886 676 2,250 1,898
Net income $ 2,117 $ 1,668 $ 5,489 $ 4,510
Net income per share-basic and diluted $ 0.31 $ 0.24 $ 0.81 $ 0.64
Weighted average basic and diluted shares outstanding 6,799,800 7,096,664 6,797,691 7,096,664