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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Sep. 30, 2023
Assets    
Cash and due from banks $ 1,577 $ 3,179
Interest earning deposits with banks 24,019 69,353
Total cash and cash equivalents 25,596 72,532
Investment securities - available for sale, at fair value 15,616 10,125
Investment securities - held to maturity, at amortized cost (fair value of $72,617 and $73,728 at September 30, 2024 and 2023, respectively) 79,816 85,835
Federal Home Loan Bank of New York stock, at cost 2,349 2,286
Loans receivable 780,162 697,400
Allowance for credit losses-loans (7,548) (8,330)
Bank owned life insurance 23,342 18,030
Accrued interest receivable 5,056 4,337
Premises and equipment, net 12,545 13,339
Other real estate owned ("OREO") 3,725 328
Other assets 11,259 11,410
Total assets 951,918 907,292
Liabilities    
Deposits 796,674 755,453
Escrowed funds 4,310 3,494
Borrowings 28,568 29,515
Accrued interest payable 891 443
Accounts payable and other liabilities 10,927 13,597
Total liabilities 841,370 802,502
Stockholders' equity    
Preferred stock: $.01 Par Value, 500,000 shares authorized; at September 30, 2024 and 2023, none issued
Common stock: $.01 Par Value, 14,000,000 shares authorized; 7,097,825 shares issued; 6,509,358 and 6,674,184 shares outstanding at September 30, 2024 and 2023, respectively, at cost 71 71
Additional paid-in capital 63,085 62,801
Treasury stock: 588,467 and 423,641 shares at September 30, 2024 and 2023, respectively, at cost (7,364) (5,362)
Unearned Employee Stock Ownership Plan shares (2,972) (3,097)
Retained earnings 58,644 52,166
Accumulated other comprehensive loss (916) (1,789)
Total stockholders' equity 110,548 104,790
Total liabilities and stockholders' equity $ 951,918 $ 907,292