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Consolidated Statements of Income - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Interest and dividend income        
Loans, including fees $ 10,962 $ 9,033 $ 31,584 $ 25,610
Investment securities        
Taxable 1,298 692 4,013 1,707
Tax-exempt 14 14 43 43
Federal Home Loan Bank of New York stock 53 38 165 92
Total interest and dividend income 12,327 9,777 35,805 27,452
Interest expense        
Deposits 5,337 2,648 14,190 6,132
Borrowings 206 239 663 594
Total interest expense 5,543 2,887 14,853 6,726
Net interest and dividend income 6,784 6,890 20,952 20,726
Provision (recovery) for credit losses-loans 49 (81) 359 432
Recovery for credit losses-unfunded commitments (103) 82
Total (recovery) provision for credit losses (54) (81) 441 432
Net interest and dividend income after provision (recovery) for credit losses 6,838 6,971 20,511 20,294
Other income        
Service charges 282 392 878 957
Income on bank owned life insurance 93 92 279 278
Interest rate swap fees 57
Other operating income 22 25 68 66
Gains on sales of premises and equipment 9 60 9
Gains on sale of SBA loans 103 342 485
Gains on sale of OREO 12 12
Total other income 409 621 1,639 1,852
Other expenses        
Compensation and employee benefits 2,893 2,802 8,748 8,199
Occupancy expenses 825 803 2,418 2,355
Professional fees 200 188 605 572
Data processing expenses 147 148 434 443
Director fees and benefits 169 164 600 574
Marketing and business development 100 101 294 344
FDIC deposit insurance premiums 106 96 314 243
Other expenses 615 584 1,771 1,534
Total other expenses 5,055 4,886 15,184 14,264
Income before income tax expense 2,192 2,706 6,966 7,882
Income tax expense 501 788 1,726 2,358
Net income $ 1,691 $ 1,918 $ 5,240 $ 5,524
Earnings per share - basic (in Dollars per share) $ 0.27 $ 0.3 $ 0.82 $ 0.86
Earnings per share - diluted (in Dollars per share) $ 0.27 $ 0.3 $ 0.82 $ 0.86
Weighted average shares outstanding - basic (in Shares) 6,336,702 6,412,536 6,358,581 6,426,978
Weighted average shares outstanding - diluted (in Shares) 6,336,702 6,412,536 6,358,581 6,426,978