XML 15 R4.htm IDEA: XBRL DOCUMENT v3.25.2
Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Interest and dividend income        
Loans, including fees $ 12,608 $ 10,962 $ 36,603 $ 31,584
Investment securities and interest earning deposits        
Taxable 1,317 1,298 3,611 4,013
Tax-exempt 14 14 43 43
Federal Home Loan Bank of New York stock 49 53 160 165
Total interest and dividend income 13,988 12,327 40,417 35,805
Interest expense        
Deposits 5,548 5,337 16,226 14,190
Borrowings 262 206 693 663
Total interest expense 5,810 5,543 16,919 14,853
Net interest and dividend income 8,178 6,784 23,498 20,952
Provision for credit losses-loans 120 49 399 359
(Recovery of) provision for credit losses-unfunded commitments (19) (103) (227) 82
Total provision for (recovery of) credit losses 101 (54) 172 441
Net interest and dividend income after        
provision for (recovery of) credit losses 8,077 6,838 23,326 20,511
Other income        
Service charges 340 282 1,147 878
Income on bank owned life insurance 172 93 501 279
Interest rate swap fees 110 110
Other operating income 8 22 25 68
Gains on premises and equipment 60
Gains on SBA loans 848 342
Net gains on OREO 6 12 229 12
Total other income 636 409 2,860 1,639
Other expenses        
Compensation and employee benefits 3,104 2,893 9,411 8,748
Occupancy expenses 800 825 2,640 2,418
Director fees and benefits 194 169 592 600
Professional fees 186 200 553 605
Data processing expenses 120 147 333 434
Marketing and business development 114 100 362 294
FDIC deposit insurance premiums 115 106 338 314
Other expenses 606 615 1,818 1,771
Total other expenses 5,239 5,055 16,047 15,184
Income before income tax expense 3,474 2,192 10,139 6,966
Income tax expense 1,004 501 2,904 1,726
Net income $ 2,470 $ 1,691 $ 7,235 $ 5,240
Earnings per share - basic (in Dollars per share) $ 0.4 $ 0.27 $ 1.16 $ 0.82
Earnings per share - diluted (in Dollars per share) $ 0.4 $ 0.27 $ 1.16 $ 0.82
Weighted average shares outstanding - basic (in Shares) 6,217,639 6,336,702 6,224,253 6,358,581
Weighted average shares outstanding - diluted (in Shares) 6,232,247 6,336,702 6,232,173 6,358,581