v3.26.1
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Interest and dividend income        
Loans, including fees $ 13,847 $ 12,608 $ 40,968 $ 36,603
Investment securities and interest earning deposits        
Taxable 1,329 1,317 3,562 3,611
Tax-exempt 14 14 43 43
Federal Home Loan Bank of New York stock 62 49 189 160
Total interest and dividend income 15,252 13,988 44,762 40,417
Interest expense        
Deposits 5,432 5,548 16,050 16,226
Borrowings 401 262 1,204 693
Total interest expense 5,833 5,810 17,254 16,919
Net interest and dividend income 9,419 8,178 27,508 23,498
Provision for credit losses- loans 184 120 426 399
Provision (recovery) for credit losses- unfunded commitments 167 (19) 204 (227)
Total provision for credit losses 351 101 630 172
Net interest and dividend income after provision (recovery) for credit losses 9,068 8,077 26,878 23,326
Other income        
Service charges 258 340 981 1,147
Income on bank owned life insurance 170 172 506 501
Interest rate swap fees 78 110 109 110
Other operating income 8 8 23 25
Gains on SBA loans 303 830 848
Net gains on OREO 6 229
Total other income 817 636 2,449 2,860
Other expenses        
Compensation and employee benefits 3,360 3,104 9,890 9,411
Occupancy expenses 837 800 2,499 2,640
Professional fees 134 194 481 592
Director fees and benefits 190 186 593 553
Data processing expenses 157 120 476 333
Marketing and business development 132 114 368 362
FDIC deposit insurance premiums 121 115 356 338
Other expenses 601 606 1,766 1,818
Total other expenses 5,532 5,239 16,429 16,047
Income before income tax expense 4,353 3,474 12,898 10,139
Income tax expense 1,260 1,004 3,639 2,904
Net income $ 3,093 $ 2,470 $ 9,259 $ 7,235
Earnings per share - basic (in Dollars per share) $ 0.5 $ 0.4 $ 1.49 $ 1.16
Earnings per share - diluted (in Dollars per share) $ 0.49 $ 0.4 $ 1.47 $ 1.16
Weighted average shares outstanding - basic (in Shares) 6,216,821 6,217,639 6,217,377 6,224,253
Weighted average shares outstanding - diluted (in Shares) 6,287,533 6,232,247 6,285,508 6,232,173