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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Sep. 30, 2022
Assets    
Cash $ 3,179 $ 2,869
Interest earning deposits with banks 69,353 28,067
Total cash and cash equivalents 72,532 30,936
Investment securities - available-for-sale, at fair value 10,125 9,229
Investment securities - held-to-maturity, at amortized cost (fair value of $73,728 and $79,914 at September 30, 2023 and 2022, respectively) 85,835 91,646
Federal Home Loan Bank of New York stock, at cost 2,286 1,447
Loans receivable, net of allowance for loan losses of $8,330 and $8,433 at September 30, 2023 and 2022, respectively 689,070 619,843
Bank owned life insurance 18,030 17,660
Accrued interest receivable 4,337 3,478
Premises and equipment, net 13,339 13,880
Other real estate owned ("OREO") 328 281
Other assets 11,410 10,143
Total assets 907,292 798,543
Liabilities    
Deposits 755,453 667,733
Escrowed funds 3,494 3,407
Borrowings 29,515 15,625
Accrued interest payable 443 85
Accounts payable and other liabilities 13,597 13,191
Total liabilities 802,502 700,041
Stockholders' equity    
Preferred stock: $.01 Par Value, 500,000 shares authorized; at September 30, 2023 and 2022, none issued
Common stock: $.01 Par Value, 14,000,000 shares authorized; 7,097,825 shares issued; 6,674,184 and 6,745,128 shares outstanding at September 30, 2023 and 2022, respectively, at cost 71 71
Additional paid-in capital 62,801 63,734
Treasury stock: 423,641 and 465,693 shares at September 30, 2023 and 2022, respectively, at cost (5,362) (5,793)
Unearned Employee Stock Ownership Plan shares (3,097) (3,169)
Retained earnings 52,166 45,773
Accumulated other comprehensive loss (1,789) (2,114)
Total stockholders' equity 104,790 98,502
Total liabilities and stockholders' equity $ 907,292 $ 798,543