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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Sep. 30, 2024
Assets    
Cash and due from banks $ 2,224 $ 1,577
Interest earning deposits with banks 70,719 24,019
Total cash and cash equivalents 72,943 25,596
Investment securities - available for sale, at fair value 19,345 15,616
Investment securities - held to maturity, at amortized cost (fair value of $67,121 and $72,617 at March 31, 2025 and September 30, 2024, respectively) 74,638 79,816
Federal Home Loan Bank of New York stock, at cost 2,590 2,349
Loans receivable 808,993 780,162
Allowance for credit losses-loans (7,936) (7,548)
Bank owned life insurance 20,426 23,342
Accrued interest receivable 5,262 5,056
Premises and equipment, net 12,545 12,545
Other real estate owned ("OREO") 2,537 3,725
Other assets 10,520 11,259
Total assets 1,021,863 951,918
Liabilities    
Deposits 857,679 796,674
Escrowed funds 4,547 4,310
Borrowings 33,924 28,568
Accrued interest payable 734 891
Accounts payable and other liabilities 10,689 10,927
Total liabilities 907,573 841,370
Stockholders' equity    
Preferred stock: $.01 Par Value, 500,000 shares authorized; at March 31, 2025 and September 30, 2024, none issued
Common stock: $.01 Par Value, 14,000,000 shares authorized; 7,097,825 shares issued; 6,473,872 and 6,509,358 shares outstanding at March 31, 2025 and September 30, 2024, respectively, at cost 71 71
Additional paid-in capital 63,430 63,085
Treasury stock: 623,953 and 588,467 shares at March 31, 2025 and September 30, 2024, respectively, at cost (7,860) (7,364)
Unearned Employee Stock Ownership Plan shares (2,920) (2,972)
Retained earnings 62,466 58,644
Accumulated other comprehensive loss (897) (917)
Total stockholders' equity 114,290 110,548
Total liabilities and stockholders' equity $ 1,021,863 $ 951,918