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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Sep. 30, 2023
Assets    
Cash and due from banks $ 3,271 $ 3,179
Interest earning deposits with banks 45,776 69,353
Total cash and cash equivalents 49,047 72,532
Investment securities - available for sale, at fair value 15,584 10,125
Investment securities - held to maturity, at amortized cost (fair value of $69,500 and $73,728 at June 30, 2024 and September 30, 2023, respectively) 78,917 85,835
Federal Home Loan Bank of New York stock, at cost 2,349 2,286
Loans receivable 759,409 697,400
Allowance for credit losses-loans (7,744) (8,330)
Bank owned life insurance 18,258 18,030
Accrued interest receivable 4,815 4,337
Premises and equipment, net 12,354 13,339
Other real estate owned ("OREO") 842 328
Other assets 10,523 11,410
Total assets 944,354 907,292
Liabilities    
Deposits 789,193 755,453
Escrowed funds 4,985 3,494
Borrowings 28,568 29,515
Accrued interest payable 845 443
Accounts payable and other liabilities 11,724 13,597
Total liabilities 835,315 802,502
Stockholders' equity    
Preferred stock: $.01 Par Value, 500,000 shares authorized; at June 30, 2024 and September 30, 2023, none issued
Common stock: $.01 Par Value, 14,000,000 shares authorized; 7,097,825 shares issued; 6,588,556 and 6,674,184 shares outstanding at June 30, 2024 and September 30, 2023, respectively, at cost 71 71
Additional paid-in capital 63,303 62,801
Treasury stock: 509,269 and 423,641 shares at June 30, 2024 and September 30, 2023, respectively, at cost (6,315) (5,362)
Unearned Employee Stock Ownership Plan shares (2,997) (3,097)
Retained earnings 56,399 52,166
Accumulated other comprehensive loss (1,422) (1,789)
Total stockholders' equity 109,039 104,790
Total liabilities and stockholders' equity $ 944,354 $ 907,292