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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Sep. 30, 2024
Assets    
Cash and due from banks $ 2,852 $ 1,577
Interest earning deposits with banks 55,680 24,019
Total cash and cash equivalents 58,532 25,596
Investment securities - available for sale, at fair value 17,346 15,616
Investment securities - held to maturity, at amortized cost (fair value of $71,812 and $72,617 at December 31, 2024 and September 30, 2024, respectively) 80,644 79,816
Federal Home Loan Bank of New York stock, at cost 2,433 2,349
Loans receivable 805,489 780,162
Allowance for credit losses-loans (7,860) (7,548)
Bank owned life insurance 20,264 23,342
Accrued interest receivable 5,227 5,056
Premises and equipment, net 12,680 12,545
Other real estate owned ("OREO") 2,537 3,725
Other assets 11,116 11,259
Total assets 1,008,408 951,918
Liabilities    
Deposits 848,832 796,674
Escrowed funds 5,021 4,310
Borrowings 30,424 28,568
Accrued interest payable 789 891
Accounts payable and other liabilities 11,666 10,927
Total liabilities 896,732 841,370
Stockholders' equity    
Preferred stock: $.01 Par Value, 500,000 shares authorized; at December 31, 2024 and September 30, 2024, none issued
Common stock: $.01 Par Value, 14,000,000 shares authorized; 7,097,825 shares issued; 6,479,621 and 6,509,358 shares outstanding at December 31, 2024 and September 30, 2024, respectively, at cost 71 71
Additional paid-in capital 63,263 63,085
Treasury stock: 618,204 and 588,467 shares at December 31, 2024 and September 30, 2024, respectively, at cost (7,777) (7,364)
Unearned Employee Stock Ownership Plan shares (2,946) (2,972)
Retained earnings 60,160 58,644
Accumulated other comprehensive loss (1,095) (916)
Total stockholders' equity 111,676 110,548
Total liabilities and stockholders' equity $ 1,008,408 $ 951,918