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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Sep. 30, 2022
Assets    
Cash $ 3,253 $ 2,869
Interest earning deposits with banks 4,625 28,067
Total cash and cash equivalents 7,878 30,936
Investment securities - available for sale, at fair value 9,207 9,229
Investment securities - held to maturity, at amortized cost (fair value of $79,632 and $79,914 at December 31, 2022 and September 30, 2022, respectively) 90,630 91,646
Federal Home Loan Bank of New York stock, at cost 2,106 1,447
Loans receivable, net of allowance for loan losses of $8,750 and $8,433 at December 31, 2022 and September 30, 2022, respectively 666,080 619,843
Bank owned life insurance 17,755 17,660
Accrued interest receivable 3,826 3,478
Premises and equipment, net 13,683 13,880
Other real estate owned ("OREO") 292 281
Other assets 10,169 10,143
Total assets 821,626 798,543
Liabilities    
Deposits 676,083 667,733
Escrowed funds 3,368 3,407
Borrowings 29,725 15,625
Accrued interest payable 162 85
Accounts payable and other liabilities 12,370 13,191
Total liabilities 721,708 700,041
Stockholders' equity    
Preferred stock: $.01 Par Value, 500,000 shares authorized; at December 31, 2022 and September 30, 2022, none issued
Common stock: $.01 Par Value, 14,000,000 shares authorized; 7,097,825 shares issued; 6,742,934 and 6,745,128 shares outstanding at December 31, 2022 and September 30, 2022, respectively, at cost 71 71
Additional paid-in capital 63,931 63,734
Treasury stock: 467,887 and 465,693 shares at December 31, 2022 and September 30, 2022, respectively, at cost (5,820) (5,793)
Unearned Employee Stock Ownership Plan shares (3,145) (3,169)
Retained earnings 46,839 45,773
Accumulated other comprehensive loss (1,958) (2,114)
Total stockholders' equity 99,918 98,502
Total liabilities and stockholders' equity $ 821,626 $ 798,543