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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Interest and dividend income    
Loans, including fees $ 7,959 $ 6,721
Investment securities    
Taxable 504 261
Tax-exempt 14 7
Federal Home Loan Bank of New York stock 24 20
Total interest and dividend income 8,501 7,009
Interest expense    
Deposits 1,474 451
Borrowings 136 119
Total interest expense 1,610 570
Net interest and dividend income 6,891 6,439
Provision for loan losses 317 101
Net interest and dividend income after    
provision for loan losses 6,574 6,338
Other income    
Service charges 245 257
Income on bank owned life insurance 95 87
Interest rate swap fees 57
Other operating income 20 25
Gains on sales of loans 180 281
Total other income 597 650
Other expenses    
Compensation and employee benefits 2,822 2,702
Occupancy expenses 761 739
Professional fees 179 387
Data processing expenses 146 134
Marketing and business development 126 125
OREO expenses 16 34
FDIC deposit insurance premiums 54 57
Loan servicing expenses 31 46
Other expenses 446 397
Total other expenses 4,581 4,621
Income before income tax expense 2,590 2,367
Income tax expense 780 674
Net income $ 1,810 $ 1,693
Net income per share-basic (in Dollars per share) $ 0.28 $ 0.25
Net income per share-diluted (in Dollars per share) $ 0.28 $ 0.25
Weighted average shares outstanding-basic (in Shares) 6,456,525 6,792,477
Weighted average shares outstanding-diluted (in Shares) 6,459,446 6,792,477