XML 12 R2.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Sep. 30, 2022
Assets    
Cash $ 3,044 $ 2,869
Interest earning deposits with banks 22,388 28,067
Total cash and cash equivalents 25,432 30,936
Investment securities - available for sale, at fair value 9,158 9,229
Investment securities - held to maturity, at amortized cost (fair value of $79,957 and $79,914 at March 31, 2023 and September 30, 2022, respectively) 89,722 91,646
Federal Home Loan Bank of New York stock, at cost 1,936 1,447
Loans receivable, net of allowance for loan losses of $8,844 and $8,433 at March 31, 2023 and September 30, 2022, respectively 667,266 619,843
Bank owned life insurance 17,845 17,660
Accrued interest receivable 3,969 3,478
Premises and equipment, net 13,605 13,880
Other real estate owned ("OREO") 291 281
Other assets 10,633 10,143
Total assets 839,857 798,543
Liabilities    
Deposits 697,891 667,733
Escrowed funds 1,550 3,407
Borrowings 25,534 15,625
Accrued interest payable 236 85
Accounts payable and other liabilities 13,481 13,191
Total liabilities 738,692 700,041
Stockholders' equity    
Preferred stock: $.01 Par Value, 500,000 shares authorized; at March 31, 2023 and September 30, 2022, none issued
Common stock: $.01 Par Value, 14,000,000 shares authorized; 7,097,825 shares issued; 6,689,790 and 6,745,128 shares outstanding at March 31, 2023 and September 30, 2022, respectively, at cost 71 71
Additional paid-in capital 64,096 63,734
Treasury stock: 521,031 and 465,693 shares at March 31, 2023 and September 30, 2022, respectively, at cost (6,504) (5,793)
Unearned Employee Stock Ownership Plan shares (3,129) (3,169)
Retained earnings 48,456 45,773
Accumulated other comprehensive loss (1,825) (2,114)
Total stockholders' equity 101,165 98,502
Total liabilities and stockholders' equity $ 839,857 $ 798,543