Company Quick10K Filing
Prudential Bancorp
Price17.56 EPS1
Shares9 P/E16
MCap156 P/FCF20
Net Debt-48 EBIT32
TEV108 TEV/EBIT3
TTM 2019-09-30, in MM, except price, ratios
10-Q 2020-06-30 Filed 2020-08-10
10-Q 2020-03-31 Filed 2020-05-11
10-Q 2019-12-31 Filed 2020-02-10
10-K 2019-09-30 Filed 2019-12-16
10-Q 2019-06-30 Filed 2019-08-09
10-Q 2019-03-31 Filed 2019-05-10
10-Q 2018-12-31 Filed 2019-02-11
10-K 2018-09-30 Filed 2018-12-14
10-Q 2018-06-30 Filed 2018-08-09
10-Q 2018-03-31 Filed 2018-05-10
10-Q 2017-12-31 Filed 2018-02-09
10-K 2017-09-30 Filed 2017-12-14
10-Q 2017-06-30 Filed 2017-08-09
10-Q 2017-03-31 Filed 2017-05-10
10-Q 2016-12-31 Filed 2017-02-09
10-K 2016-09-30 Filed 2016-12-14
10-Q 2016-06-30 Filed 2016-08-09
10-Q 2016-03-31 Filed 2016-05-10
10-Q 2015-12-31 Filed 2016-02-09
10-K 2015-09-30 Filed 2015-12-14
10-Q 2015-06-30 Filed 2015-08-10
10-Q 2015-03-31 Filed 2015-05-11
10-Q 2014-12-31 Filed 2015-02-09
10-K 2014-09-30 Filed 2014-12-15
10-Q 2014-06-30 Filed 2014-08-14
10-Q 2014-03-31 Filed 2014-05-15
10-Q 2013-12-31 Filed 2014-02-14
10-K 2013-09-30 Filed 2013-12-20
10-Q 2013-06-30 Filed 2013-09-25
8-K 2020-11-18 Regulation FD
8-K 2020-11-16 Earnings
8-K 2020-09-29 Regulation FD
8-K 2020-08-19 Regulation FD
8-K 2020-07-20 Earnings
8-K 2020-07-15 Exhibits
8-K 2020-06-18
8-K 2020-05-20
8-K 2020-04-17
8-K 2020-02-19
8-K 2020-02-19
8-K 2020-02-19
8-K 2020-01-17
8-K 2019-12-18
8-K 2019-11-20
8-K 2019-11-15
8-K 2019-08-21
8-K 2019-07-19
8-K 2019-06-19
8-K 2019-05-15
8-K 2019-04-19
8-K 2019-02-20
8-K 2019-02-20
8-K 2019-02-20
8-K 2019-01-25
8-K 2019-01-18
8-K 2018-11-30
8-K 2018-11-19
8-K 2018-08-15
8-K 2018-07-20
8-K 2018-05-16
8-K 2018-04-26
8-K 2018-03-26
8-K 2018-02-21
8-K 2018-02-21
8-K 2018-02-21
8-K 2018-01-23

PBIP 10Q Quarterly Report

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 3. Quantitative and Qualitative Disclosures About Market Risk
Item 4. Controls and Procedures
Part II
Item 1. Legal Proceedings
Item 1A. Risk Factors
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
Item 3. Defaults Upon Senior Securities
Item 4. Mine Safety Disclosures
Item 5. Other Information
Item 6. Exhibits
EX-31.1 pbip-20200630xex31d1.htm
EX-31.2 pbip-20200630xex31d2.htm
EX-32.0 pbip-20200630xex32d0.htm

Prudential Bancorp Earnings 2020-06-30

Balance SheetIncome StatementCash Flow
1.31.00.80.50.30.02012201420172020
Assets, Equity
0.10.10.10.00.00.02018201820192020
Rev, G Profit, Net Income
0.10.10.0-0.0-0.1-0.12012201420172020
Ops, Inv, Fin

0001578776--09-302020Q3falsePRUDENTIAL BANCORP, INC.P5Yfalse0001578776srt:WeightedAverageMemberpbip:FixedRateAmortizingMaturityFrom1Oct22To30Sep23Memberus-gaap:LongTermDebtMember2020-06-300001578776srt:WeightedAverageMemberpbip:FixedRateAmortizingMaturityFrom1Oct21To30Sep22Memberus-gaap:LongTermDebtMember2020-06-300001578776srt:WeightedAverageMemberpbip:FixedRateAmortizingMaturityFrom1Oct20To30Sep21Memberus-gaap:LongTermDebtMember2020-06-300001578776srt:WeightedAverageMemberpbip:FixedRateAmortizingMaturityFrom1Oct19To30Sep20Memberus-gaap:LongTermDebtMember2020-06-300001578776srt:WeightedAverageMemberpbip:FixedRateAdvancesMaturityFrom1Oct23To30Sep24Memberus-gaap:LongTermDebtMember2020-06-300001578776srt:WeightedAverageMemberpbip:FixedRateAdvancesMaturityFrom1Oct22To30Sep23Memberus-gaap:LongTermDebtMember2020-06-300001578776srt:WeightedAverageMemberpbip:FixedRateAdvancesMaturityFrom1Oct21To30Sep22Memberus-gaap:LongTermDebtMember2020-06-300001578776srt:WeightedAverageMemberpbip:FixedRateAdvancesMaturityFrom1Oct20To30Sep21Memberus-gaap:LongTermDebtMember2020-06-300001578776srt:WeightedAverageMemberpbip:FixedRateAdvancesMaturityFrom1Oct19To30Sep20Memberus-gaap:LongTermDebtMember2020-06-3000015787762018-10-012019-09-300001578776us-gaap:TreasuryStockMember2020-04-012020-06-300001578776us-gaap:TreasuryStockMember2019-10-012020-06-300001578776us-gaap:TreasuryStockMember2019-04-012019-06-300001578776us-gaap:TreasuryStockMember2018-10-012019-06-300001578776us-gaap:TreasuryStockMember2020-06-300001578776us-gaap:RetainedEarningsMember2020-06-300001578776us-gaap:CommonStockMember2020-06-300001578776us-gaap:AdditionalPaidInCapitalMember2020-06-300001578776us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-06-300001578776us-gaap:TreasuryStockMember2020-03-310001578776us-gaap:RetainedEarningsMember2020-03-310001578776us-gaap:CommonStockMember2020-03-310001578776us-gaap:AdditionalPaidInCapitalMember2020-03-310001578776us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-03-310001578776us-gaap:TreasuryStockMember2019-09-300001578776us-gaap:RetainedEarningsMember2019-09-300001578776us-gaap:CommonStockMember2019-09-300001578776us-gaap:AdditionalPaidInCapitalMember2019-09-300001578776us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-09-300001578776us-gaap:TreasuryStockMember2019-06-300001578776us-gaap:RetainedEarningsMember2019-06-300001578776us-gaap:CommonStockMember2019-06-300001578776us-gaap:AdditionalPaidInCapitalMember2019-06-300001578776us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-06-300001578776us-gaap:TreasuryStockMember2019-03-310001578776us-gaap:RetainedEarningsMember2019-03-310001578776us-gaap:CommonStockMember2019-03-310001578776us-gaap:AdditionalPaidInCapitalMember2019-03-310001578776us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-03-310001578776us-gaap:TreasuryStockMember2018-09-300001578776us-gaap:RetainedEarningsMember2018-09-300001578776us-gaap:CommonStockMember2018-09-300001578776us-gaap:AdditionalPaidInCapitalMember2018-09-300001578776us-gaap:AccumulatedOtherComprehensiveIncomeMember2018-09-300001578776us-gaap:EmployeeStockOptionMemberpbip:StockOptionsPlanMember2016-08-012016-08-310001578776pbip:RecognitionAndRetentionPlanAnd2014StockIncentivePlanMember2015-02-012015-02-280001578776pbip:RecognitionAndRetentionPlanMember2020-06-300001578776us-gaap:EmployeeStockOptionMemberpbip:StockOptionAndStockIncentivePlanMember2019-09-300001578776pbip:GrantedInFiscal2018Memberus-gaap:EmployeeStockOptionMemberpbip:StockOptionAndStockIncentivePlanMember2019-10-012020-06-300001578776pbip:GrantedInFiscal2016Memberus-gaap:EmployeeStockOptionMemberpbip:StockOptionAndStockIncentivePlanMember2019-10-012020-06-300001578776pbip:GrantedInFiscal2015Memberus-gaap:EmployeeStockOptionMemberpbip:StockOptionAndStockIncentivePlanMember2019-10-012020-06-300001578776pbip:GrantedInFiscal2014Memberus-gaap:EmployeeStockOptionMemberpbip:StockOptionAndStockIncentivePlanMember2019-10-012020-06-300001578776pbip:GrantedInFiscal2013Memberus-gaap:EmployeeStockOptionMemberpbip:StockOptionAndStockIncentivePlanMember2019-10-012020-06-300001578776pbip:GrantedInFiscal2010Memberus-gaap:EmployeeStockOptionMemberpbip:StockOptionAndStockIncentivePlanMember2019-10-012020-06-300001578776pbip:GrantedInFiscal2009Memberus-gaap:EmployeeStockOptionMemberpbip:StockOptionAndStockIncentivePlanMember2019-10-012020-06-300001578776us-gaap:EmployeeStockOptionMemberpbip:StockOptionsPlanMember2020-06-300001578776us-gaap:RestrictedStockMemberpbip:StockIncentivePlan2014Member2015-02-280001578776pbip:GrantedInMarch2018Memberus-gaap:EmployeeStockOptionMemberpbip:StockOptionAndStockIncentivePlanMember2019-10-012020-06-300001578776pbip:GrantedInFiscal2019Memberus-gaap:EmployeeStockOptionMemberpbip:StockOptionAndStockIncentivePlanMember2019-10-012020-06-300001578776pbip:GrantedInFiscal2017Memberus-gaap:EmployeeStockOptionMemberpbip:StockOptionAndStockIncentivePlanMember2019-10-012020-06-300001578776srt:MinimumMemberpbip:GrantedInFiscal2017Memberus-gaap:EmployeeStockOptionMemberpbip:StockOptionAndStockIncentivePlanMember2020-06-300001578776pbip:GrantedInFiscal2019Memberus-gaap:EmployeeStockOptionMemberpbip:StockOptionAndStockIncentivePlanMember2020-06-300001578776us-gaap:EmployeeStockOptionMemberpbip:StockOptionAndStockIncentivePlanMember2019-07-012019-07-310001578776us-gaap:EmployeeStockOptionMemberpbip:StockOptionAndStockIncentivePlanMember2018-03-012018-03-310001578776pbip:StockOptionsPlanMember2018-03-012018-03-310001578776pbip:RecognitionAndRetentionPlanMember2018-03-012018-03-310001578776pbip:RecognitionAndRetentionPlanAnd2014StockIncentivePlanMember2018-03-012018-03-310001578776pbip:StockOptionsPlanMember2017-05-012017-05-300001578776pbip:StockIncentivePlan2014Member2017-05-012017-05-300001578776us-gaap:EmployeeStockOptionMemberpbip:StockIncentivePlan2014Member2017-03-012017-03-310001578776pbip:StockIncentivePlan2014Member2017-03-012017-03-310001578776us-gaap:EmployeeStockOptionMemberpbip:StockIncentivePlan2014Member2016-08-012016-08-310001578776pbip:StockIncentivePlan2014Member2016-08-012016-08-310001578776pbip:RecognitionAndRetentionPlanMember2016-08-012016-08-310001578776us-gaap:RestrictedStockMemberpbip:StockIncentivePlan2014Member2015-02-012015-02-280001578776us-gaap:AccountingStandardsUpdate201601Memberus-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember2019-10-012020-06-300001578776us-gaap:AccountingStandardsUpdate201601Memberus-gaap:AccumulatedNetInvestmentGainLossIncludingPortionAttributableToNoncontrollingInterestMember2019-10-012020-06-300001578776us-gaap:AccountingStandardsUpdate201601Memberpbip:AccumulatedUnrealizedGainLossOnInterestRateSwapsMember2019-10-012020-06-300001578776us-gaap:AccountingStandardsUpdate201601Memberus-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember2018-10-012019-06-300001578776us-gaap:AccountingStandardsUpdate201601Memberpbip:AccumulatedUnrealizedGainLossOnInterestRateSwapsMember2018-10-012019-06-300001578776us-gaap:AccountingStandardsUpdate201601Memberpbip:AccumulatedUnrealizedGainLossOnAvailableForSaleSecuritiesMember2018-10-012019-06-300001578776srt:WeightedAverageMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:MeasurementInputDiscountRateMemberpbip:ValuationTechniquePropertyAppraisalsMember2020-06-300001578776srt:WeightedAverageMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:MeasurementInputDiscountRateMemberpbip:ValuationTechniquePropertyAppraisalsMember2019-09-300001578776us-gaap:AccumulatedOtherComprehensiveIncomeMember2020-04-012020-06-300001578776us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-10-012020-06-300001578776us-gaap:AccumulatedOtherComprehensiveIncomeMember2019-04-012019-06-300001578776us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember2020-04-012020-06-300001578776us-gaap:AccumulatedNetInvestmentGainLossIncludingPortionAttributableToNoncontrollingInterestMember2020-04-012020-06-300001578776pbip:AccumulatedUnrealizedGainLossOnInterestRateSwapsMember2020-04-012020-06-300001578776us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember2019-10-012020-06-300001578776us-gaap:AccumulatedNetInvestmentGainLossIncludingPortionAttributableToNoncontrollingInterestMember2019-10-012020-06-300001578776pbip:AccumulatedUnrealizedGainLossOnInterestRateSwapsMember2019-10-012020-06-300001578776us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember2019-04-012019-06-300001578776us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2019-04-012019-06-300001578776pbip:AccumulatedUnrealizedGainLossOnAvailableForSaleSecuritiesMember2019-04-012019-06-300001578776us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember2018-10-012019-06-300001578776pbip:AccumulatedUnrealizedGainLossOnInterestRateSwapsMember2018-10-012019-06-300001578776pbip:AccumulatedUnrealizedGainLossOnAvailableForSaleSecuritiesMember2018-10-012019-06-300001578776us-gaap:AccountingStandardsUpdate201602Member2020-06-300001578776pbip:RiskRatingSystemMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:SubstandardMember2020-06-300001578776pbip:RiskRatingSystemMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:SpecialMentionMember2020-06-300001578776pbip:RiskRatingSystemMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:PassMember2020-06-300001578776pbip:RiskRatingSystemMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:PassMember2020-06-300001578776pbip:RiskRatingSystemMemberpbip:OneToFourFamilyResidentialPortfolioSegmentMemberus-gaap:SubstandardMember2020-06-300001578776pbip:RiskRatingSystemMemberpbip:OneToFourFamilyResidentialPortfolioSegmentMemberus-gaap:SpecialMentionMember2020-06-300001578776pbip:RiskRatingSystemMemberpbip:OneToFourFamilyResidentialPortfolioSegmentMemberus-gaap:PassMember2020-06-300001578776pbip:RiskRatingSystemMemberpbip:MultiFamilyResidentialPortfolioSegmentMemberus-gaap:PassMember2020-06-300001578776pbip:RiskRatingSystemMemberpbip:LoansToFinancialInstitutionsMemberus-gaap:PassMember2020-06-300001578776pbip:RiskRatingSystemMemberpbip:ConstructionAndLandDevelopmentPortfolioSegmentMemberus-gaap:SubstandardMember2020-06-300001578776pbip:RiskRatingSystemMemberpbip:ConstructionAndLandDevelopmentPortfolioSegmentMemberus-gaap:PassMember2020-06-300001578776pbip:NonRiskRatingSystemMemberus-gaap:FinanceLeasesPortfolioSegmentMemberus-gaap:PerformingFinancingReceivableMember2020-06-300001578776pbip:NonRiskRatingSystemMemberus-gaap:FinanceLeasesPortfolioSegmentMemberus-gaap:NonperformingFinancingReceivableMember2020-06-300001578776pbip:NonRiskRatingSystemMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:PerformingFinancingReceivableMember2020-06-300001578776pbip:NonRiskRatingSystemMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:NonperformingFinancingReceivableMember2020-06-300001578776pbip:NonRiskRatingSystemMemberpbip:OneToFourFamilyResidentialPortfolioSegmentMemberus-gaap:PerformingFinancingReceivableMember2020-06-300001578776pbip:NonRiskRatingSystemMemberpbip:OneToFourFamilyResidentialPortfolioSegmentMemberus-gaap:NonperformingFinancingReceivableMember2020-06-300001578776pbip:RiskRatingSystemMemberus-gaap:SubstandardMember2020-06-300001578776pbip:RiskRatingSystemMemberus-gaap:SpecialMentionMember2020-06-300001578776pbip:RiskRatingSystemMemberus-gaap:PassMember2020-06-300001578776pbip:RiskRatingSystemMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2020-06-300001578776pbip:RiskRatingSystemMemberus-gaap:CommercialPortfolioSegmentMember2020-06-300001578776pbip:RiskRatingSystemMemberpbip:OneToFourFamilyResidentialPortfolioSegmentMember2020-06-300001578776pbip:RiskRatingSystemMemberpbip:MultiFamilyResidentialPortfolioSegmentMember2020-06-300001578776pbip:RiskRatingSystemMemberpbip:LoansToFinancialInstitutionsMember2020-06-300001578776pbip:RiskRatingSystemMemberpbip:ConstructionAndLandDevelopmentPortfolioSegmentMember2020-06-300001578776pbip:NonRiskRatingSystemMemberus-gaap:PerformingFinancingReceivableMember2020-06-300001578776pbip:NonRiskRatingSystemMemberus-gaap:NonperformingFinancingReceivableMember2020-06-300001578776pbip:NonRiskRatingSystemMemberus-gaap:FinanceLeasesPortfolioSegmentMember2020-06-300001578776pbip:NonRiskRatingSystemMemberus-gaap:ConsumerPortfolioSegmentMember2020-06-300001578776pbip:NonRiskRatingSystemMemberpbip:OneToFourFamilyResidentialPortfolioSegmentMember2020-06-300001578776pbip:RiskRatingSystemMember2020-06-300001578776pbip:OneToFourFamilyResidentialMember2020-06-300001578776pbip:NonRiskRatingSystemMember2020-06-300001578776pbip:RiskRatingSystemMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:SubstandardMember2019-09-300001578776pbip:RiskRatingSystemMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:DoubtfulMember2019-09-300001578776pbip:RiskRatingSystemMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberpbip:TotalMentionMember2019-09-300001578776pbip:RiskRatingSystemMemberus-gaap:CommercialRealEstatePortfolioSegmentMemberpbip:SpecialPassMember2019-09-300001578776pbip:RiskRatingSystemMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:SubstandardMember2019-09-300001578776pbip:RiskRatingSystemMemberus-gaap:CommercialPortfolioSegmentMemberus-gaap:DoubtfulMember2019-09-300001578776pbip:RiskRatingSystemMemberus-gaap:CommercialPortfolioSegmentMemberpbip:TotalMentionMember2019-09-300001578776pbip:RiskRatingSystemMemberus-gaap:CommercialPortfolioSegmentMemberpbip:SpecialPassMember2019-09-300001578776pbip:RiskRatingSystemMemberpbip:OneToFourFamilyResidentialPortfolioSegmentMemberus-gaap:SubstandardMember2019-09-300001578776pbip:RiskRatingSystemMemberpbip:OneToFourFamilyResidentialPortfolioSegmentMemberus-gaap:DoubtfulMember2019-09-300001578776pbip:RiskRatingSystemMemberpbip:OneToFourFamilyResidentialPortfolioSegmentMemberpbip:TotalMentionMember2019-09-300001578776pbip:RiskRatingSystemMemberpbip:OneToFourFamilyResidentialPortfolioSegmentMemberpbip:SpecialPassMember2019-09-300001578776pbip:RiskRatingSystemMemberpbip:MultiFamilyResidentialPortfolioSegmentMemberus-gaap:SubstandardMember2019-09-300001578776pbip:RiskRatingSystemMemberpbip:MultiFamilyResidentialPortfolioSegmentMemberus-gaap:DoubtfulMember2019-09-300001578776pbip:RiskRatingSystemMemberpbip:MultiFamilyResidentialPortfolioSegmentMemberpbip:TotalMentionMember2019-09-300001578776pbip:RiskRatingSystemMemberpbip:MultiFamilyResidentialPortfolioSegmentMemberpbip:SpecialPassMember2019-09-300001578776pbip:RiskRatingSystemMemberpbip:LoansToFinancialInstitutionsMemberus-gaap:SubstandardMember2019-09-300001578776pbip:RiskRatingSystemMemberpbip:LoansToFinancialInstitutionsMemberus-gaap:DoubtfulMember2019-09-300001578776pbip:RiskRatingSystemMemberpbip:LoansToFinancialInstitutionsMemberpbip:TotalMentionMember2019-09-300001578776pbip:RiskRatingSystemMemberpbip:LoansToFinancialInstitutionsMemberpbip:SpecialPassMember2019-09-300001578776pbip:RiskRatingSystemMemberpbip:ConstructionAndLandDevelopmentPortfolioSegmentMemberus-gaap:SubstandardMember2019-09-300001578776pbip:RiskRatingSystemMemberpbip:ConstructionAndLandDevelopmentPortfolioSegmentMemberus-gaap:DoubtfulMember2019-09-300001578776pbip:RiskRatingSystemMemberpbip:ConstructionAndLandDevelopmentPortfolioSegmentMemberpbip:TotalMentionMember2019-09-300001578776pbip:RiskRatingSystemMemberpbip:ConstructionAndLandDevelopmentPortfolioSegmentMemberpbip:SpecialPassMember2019-09-300001578776pbip:NonRiskRatingSystemMemberus-gaap:FinanceLeasesPortfolioSegmentMemberus-gaap:PerformingFinancingReceivableMember2019-09-300001578776pbip:NonRiskRatingSystemMemberus-gaap:ConsumerPortfolioSegmentMemberus-gaap:PerformingFinancingReceivableMember2019-09-300001578776pbip:NonRiskRatingSystemMemberpbip:OneToFourFamilyResidentialPortfolioSegmentMemberus-gaap:PerformingFinancingReceivableMember2019-09-300001578776pbip:NonRiskRatingSystemMemberpbip:OneToFourFamilyResidentialPortfolioSegmentMemberus-gaap:NonperformingFinancingReceivableMember2019-09-300001578776pbip:RiskRatingSystemMemberus-gaap:SubstandardMember2019-09-300001578776pbip:RiskRatingSystemMemberus-gaap:DoubtfulMember2019-09-300001578776pbip:RiskRatingSystemMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2019-09-300001578776pbip:RiskRatingSystemMemberus-gaap:CommercialPortfolioSegmentMember2019-09-300001578776pbip:RiskRatingSystemMemberpbip:TotalMentionMember2019-09-300001578776pbip:RiskRatingSystemMemberpbip:SpecialPassMember2019-09-300001578776pbip:RiskRatingSystemMemberpbip:OneToFourFamilyResidentialPortfolioSegmentMember2019-09-300001578776pbip:RiskRatingSystemMemberpbip:MultiFamilyResidentialPortfolioSegmentMember2019-09-300001578776pbip:RiskRatingSystemMemberpbip:LoansToFinancialInstitutionsMember2019-09-300001578776pbip:RiskRatingSystemMemberpbip:ConstructionAndLandDevelopmentPortfolioSegmentMember2019-09-300001578776pbip:NonRiskRatingSystemMemberus-gaap:PerformingFinancingReceivableMember2019-09-300001578776pbip:NonRiskRatingSystemMemberus-gaap:NonperformingFinancingReceivableMember2019-09-300001578776pbip:NonRiskRatingSystemMemberus-gaap:FinanceLeasesPortfolioSegmentMember2019-09-300001578776pbip:NonRiskRatingSystemMemberus-gaap:ConsumerPortfolioSegmentMember2019-09-300001578776pbip:NonRiskRatingSystemMemberpbip:OneToFourFamilyResidentialPortfolioSegmentMember2019-09-300001578776pbip:RiskRatingSystemMember2019-09-300001578776pbip:OneToFourFamilyResidentialMember2019-09-300001578776pbip:NonRiskRatingSystemMember2019-09-300001578776us-gaap:UnallocatedFinancingReceivablesMember2020-03-310001578776us-gaap:FinanceLeasesPortfolioSegmentMember2020-03-310001578776us-gaap:ConsumerPortfolioSegmentMember2020-03-310001578776us-gaap:CommercialRealEstatePortfolioSegmentMember2020-03-310001578776us-gaap:CommercialPortfolioSegmentMember2020-03-310001578776pbip:OneToFourFamilyResidentialPortfolioSegmentMember2020-03-310001578776pbip:MultiFamilyResidentialPortfolioSegmentMember2020-03-310001578776pbip:LoansToFinancialInstitutionsMember2020-03-310001578776pbip:ConstructionAndLandDevelopmentPortfolioSegmentMember2020-03-3100015787762020-03-310001578776us-gaap:UnallocatedFinancingReceivablesMember2019-06-300001578776us-gaap:FinanceLeasesPortfolioSegmentMember2019-06-300001578776us-gaap:ConsumerPortfolioSegmentMember2019-06-300001578776us-gaap:CommercialRealEstatePortfolioSegmentMember2019-06-300001578776us-gaap:CommercialPortfolioSegmentMember2019-06-300001578776pbip:OneToFourFamilyResidentialPortfolioSegmentMember2019-06-300001578776pbip:MultiFamilyResidentialPortfolioSegmentMember2019-06-300001578776pbip:LoansToFinancialInstitutionsMember2019-06-300001578776pbip:ConstructionAndLandDevelopmentPortfolioSegmentMember2019-06-300001578776us-gaap:UnallocatedFinancingReceivablesMember2019-03-310001578776us-gaap:FinanceLeasesPortfolioSegmentMember2019-03-310001578776us-gaap:ConsumerPortfolioSegmentMember2019-03-310001578776us-gaap:CommercialRealEstatePortfolioSegmentMember2019-03-310001578776us-gaap:CommercialPortfolioSegmentMember2019-03-310001578776pbip:OneToFourFamilyResidentialPortfolioSegmentMember2019-03-310001578776pbip:MultiFamilyResidentialPortfolioSegmentMember2019-03-310001578776pbip:LoansToFinancialInstitutionsMember2019-03-310001578776pbip:ConstructionAndLandDevelopmentPortfolioSegmentMember2019-03-3100015787762019-03-310001578776us-gaap:UnallocatedFinancingReceivablesMember2018-09-300001578776us-gaap:FinanceLeasesPortfolioSegmentMember2018-09-300001578776us-gaap:ConsumerPortfolioSegmentMember2018-09-300001578776us-gaap:CommercialRealEstatePortfolioSegmentMember2018-09-300001578776us-gaap:CommercialPortfolioSegmentMember2018-09-300001578776pbip:OneToFourFamilyResidentialPortfolioSegmentMember2018-09-300001578776pbip:MultiFamilyResidentialPortfolioSegmentMember2018-09-300001578776pbip:LoansToFinancialInstitutionsMember2018-09-300001578776pbip:ConstructionAndLandDevelopmentPortfolioSegmentMember2018-09-300001578776us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateSwapMember2020-06-300001578776us-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateSwapMember2020-06-300001578776us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateSwapMember2019-09-300001578776us-gaap:FairValueMeasurementsRecurringMemberus-gaap:InterestRateSwapMember2019-09-300001578776pbip:PoloniaBancorpIncMember2020-06-300001578776pbip:PoloniaBancorpIncMember2019-09-300001578776pbip:PoloniaBancorpIncMemberus-gaap:CoreDepositsMember2020-06-300001578776pbip:PoloniaBancorpIncMemberus-gaap:CoreDepositsMember2019-09-300001578776us-gaap:FinanceLeasesPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2020-06-300001578776us-gaap:FinanceLeasesPortfolioSegmentMemberpbip:FinancingReceivables30To89DaysPastDueMember2020-06-300001578776us-gaap:ConsumerPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2020-06-300001578776us-gaap:ConsumerPortfolioSegmentMemberpbip:FinancingReceivables30To89DaysPastDueMember2020-06-300001578776us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2020-06-300001578776us-gaap:CommercialRealEstatePortfolioSegmentMemberpbip:FinancingReceivables30To89DaysPastDueMember2020-06-300001578776us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2020-06-300001578776us-gaap:CommercialPortfolioSegmentMemberpbip:FinancingReceivables30To89DaysPastDueMember2020-06-300001578776pbip:OneToFourFamilyResidentialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2020-06-300001578776pbip:OneToFourFamilyResidentialPortfolioSegmentMemberpbip:FinancingReceivables30To89DaysPastDueMember2020-06-300001578776pbip:MultiFamilyResidentialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2020-06-300001578776pbip:MultiFamilyResidentialPortfolioSegmentMemberpbip:FinancingReceivables30To89DaysPastDueMember2020-06-300001578776pbip:LoansToFinancialInstitutionsMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2020-06-300001578776pbip:LoansToFinancialInstitutionsMemberpbip:FinancingReceivables30To89DaysPastDueMember2020-06-300001578776pbip:ConstructionAndLandDevelopmentPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2020-06-300001578776pbip:ConstructionAndLandDevelopmentPortfolioSegmentMemberpbip:FinancingReceivables30To89DaysPastDueMember2020-06-300001578776us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2020-06-300001578776pbip:FinancingReceivables30To89DaysPastDueMember2020-06-300001578776us-gaap:FinanceLeasesPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2019-09-300001578776us-gaap:FinanceLeasesPortfolioSegmentMemberpbip:FinancingReceivables30To89DaysPastDueMember2019-09-300001578776us-gaap:ConsumerPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2019-09-300001578776us-gaap:ConsumerPortfolioSegmentMemberpbip:FinancingReceivables30To89DaysPastDueMember2019-09-300001578776us-gaap:CommercialRealEstatePortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2019-09-300001578776us-gaap:CommercialRealEstatePortfolioSegmentMemberpbip:FinancingReceivables30To89DaysPastDueMember2019-09-300001578776us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2019-09-300001578776us-gaap:CommercialPortfolioSegmentMemberpbip:FinancingReceivables30To89DaysPastDueMember2019-09-300001578776pbip:OneToFourFamilyResidentialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2019-09-300001578776pbip:OneToFourFamilyResidentialPortfolioSegmentMemberpbip:FinancingReceivables30To89DaysPastDueMember2019-09-300001578776pbip:MultiFamilyResidentialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2019-09-300001578776pbip:MultiFamilyResidentialPortfolioSegmentMemberpbip:FinancingReceivables30To89DaysPastDueMember2019-09-300001578776pbip:LoansToFinancialInstitutionsMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2019-09-300001578776pbip:LoansToFinancialInstitutionsMemberpbip:FinancingReceivables30To89DaysPastDueMember2019-09-300001578776pbip:ConstructionAndLandDevelopmentPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2019-09-300001578776pbip:ConstructionAndLandDevelopmentPortfolioSegmentMemberpbip:FinancingReceivables30To89DaysPastDueMember2019-09-300001578776us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2019-09-300001578776pbip:FinancingReceivables30To89DaysPastDueMember2019-09-300001578776us-gaap:NonperformingFinancingReceivableMember2019-10-012020-06-300001578776pbip:CommercialAndResidentialPropertiesMemberus-gaap:NonperformingFinancingReceivableMember2020-06-300001578776us-gaap:NonperformingFinancingReceivableMember2020-06-300001578776us-gaap:UnallocatedFinancingReceivablesMember2020-06-300001578776us-gaap:FinanceLeasesPortfolioSegmentMember2020-06-300001578776us-gaap:ConsumerPortfolioSegmentMember2020-06-300001578776us-gaap:CommercialRealEstatePortfolioSegmentMember2020-06-300001578776us-gaap:CommercialPortfolioSegmentMember2020-06-300001578776pbip:OneToFourFamilyResidentialPortfolioSegmentMember2020-06-300001578776pbip:MultiFamilyResidentialPortfolioSegmentMember2020-06-300001578776pbip:LoansToFinancialInstitutionsMember2020-06-300001578776pbip:ConstructionAndLandDevelopmentPortfolioSegmentMember2020-06-300001578776us-gaap:UnallocatedFinancingReceivablesMember2019-09-300001578776us-gaap:FinanceLeasesPortfolioSegmentMember2019-09-300001578776us-gaap:ConsumerPortfolioSegmentMember2019-09-300001578776us-gaap:CommercialRealEstatePortfolioSegmentMember2019-09-300001578776us-gaap:CommercialPortfolioSegmentMember2019-09-300001578776pbip:OneToFourFamilyResidentialPortfolioSegmentMember2019-09-300001578776pbip:MultiFamilyResidentialPortfolioSegmentMember2019-09-300001578776pbip:LoansToFinancialInstitutionsMember2019-09-300001578776pbip:ConstructionAndLandDevelopmentPortfolioSegmentMember2019-09-300001578776pbip:FixedRateAmortizingMaturityFrom1Oct22To30Sep23Memberus-gaap:LongTermDebtMember2020-06-300001578776pbip:FixedRateAmortizingMaturityFrom1Oct21To30Sep22Memberus-gaap:LongTermDebtMember2020-06-300001578776pbip:FixedRateAmortizingMaturityFrom1Oct20To30Sep21Memberus-gaap:LongTermDebtMember2020-06-300001578776pbip:FixedRateAdvancesMaturityFrom1Oct23To30Sep24Memberus-gaap:LongTermDebtMember2020-06-300001578776pbip:FixedRateAdvancesMaturityFrom1Oct22To30Sep23Memberus-gaap:LongTermDebtMember2020-06-300001578776pbip:FixedRateAdvancesMaturityFrom1Oct21To30Sep22Memberus-gaap:LongTermDebtMember2020-06-300001578776pbip:FixedRateAdvancesMaturityFrom1Oct20To30Sep21Memberus-gaap:LongTermDebtMember2020-06-300001578776pbip:FixedRateAdvancesMaturityFrom1Oct19To30Sep20Memberus-gaap:LongTermDebtMember2020-06-300001578776pbip:FixedRateAmortizingMaturityOneMember2020-06-300001578776pbip:FixedRateAdvancesMember2020-06-300001578776pbip:FixedRateAmortizingMaturityFrom1Oct22To30Sep23Memberus-gaap:LongTermDebtMember2019-09-300001578776pbip:FixedRateAmortizingMaturityFrom1Oct21To30Sep22Memberus-gaap:LongTermDebtMember2019-09-300001578776pbip:FixedRateAmortizingMaturityFrom1Oct20To30Sep21Memberus-gaap:LongTermDebtMember2019-09-300001578776pbip:FixedRateAmortizingMaturityFrom1Oct19To30Sep20Memberus-gaap:LongTermDebtMember2019-09-300001578776pbip:FixedRateAdvancesMaturityFrom1Oct23To30Sep24Memberus-gaap:LongTermDebtMember2019-09-300001578776pbip:FixedRateAdvancesMaturityFrom1Oct22To30Sep23Memberus-gaap:LongTermDebtMember2019-09-300001578776pbip:FixedRateAdvancesMaturityFrom1Oct21To30Sep22Memberus-gaap:LongTermDebtMember2019-09-300001578776pbip:FixedRateAdvancesMaturityFrom1Oct20To30Sep21Memberus-gaap:LongTermDebtMember2019-09-300001578776pbip:FixedRateAdvancesMaturityFrom1Oct19To30Sep20Memberus-gaap:LongTermDebtMember2019-09-300001578776pbip:FixedRateAmortizingMaturityOneMember2019-09-300001578776pbip:FixedRateAdvancesMember2019-09-300001578776srt:MinimumMemberpbip:FixedRateAmortizingMaturityFrom1Oct22To30Sep23Memberus-gaap:LongTermDebtMember2020-06-300001578776srt:MinimumMemberpbip:FixedRateAmortizingMaturityFrom1Oct21To30Sep22Memberus-gaap:LongTermDebtMember2020-06-300001578776srt:MinimumMemberpbip:FixedRateAmortizingMaturityFrom1Oct20To30Sep21Memberus-gaap:LongTermDebtMember2020-06-300001578776srt:MinimumMemberpbip:FixedRateAmortizingMaturityFrom1Oct19To30Sep20Memberus-gaap:LongTermDebtMember2020-06-300001578776srt:MinimumMemberpbip:FixedRateAdvancesMaturityFrom1Oct23To30Sep24Memberus-gaap:LongTermDebtMember2020-06-300001578776srt:MinimumMemberpbip:FixedRateAdvancesMaturityFrom1Oct22To30Sep23Memberus-gaap:LongTermDebtMember2020-06-300001578776srt:MinimumMemberpbip:FixedRateAdvancesMaturityFrom1Oct21To30Sep22Memberus-gaap:LongTermDebtMember2020-06-300001578776srt:MinimumMemberpbip:FixedRateAdvancesMaturityFrom1Oct20To30Sep21Memberus-gaap:LongTermDebtMember2020-06-300001578776srt:MinimumMemberpbip:FixedRateAdvancesMaturityFrom1Oct19To30Sep20Memberus-gaap:LongTermDebtMember2020-06-300001578776srt:MaximumMemberpbip:FixedRateAmortizingMaturityFrom1Oct22To30Sep23Memberus-gaap:LongTermDebtMember2020-06-300001578776srt:MaximumMemberpbip:FixedRateAmortizingMaturityFrom1Oct21To30Sep22Memberus-gaap:LongTermDebtMember2020-06-300001578776srt:MaximumMemberpbip:FixedRateAmortizingMaturityFrom1Oct20To30Sep21Memberus-gaap:LongTermDebtMember2020-06-300001578776srt:MaximumMemberpbip:FixedRateAmortizingMaturityFrom1Oct19To30Sep20Memberus-gaap:LongTermDebtMember2020-06-300001578776srt:MaximumMemberpbip:FixedRateAdvancesMaturityFrom1Oct23To30Sep24Memberus-gaap:LongTermDebtMember2020-06-300001578776srt:MaximumMemberpbip:FixedRateAdvancesMaturityFrom1Oct22To30Sep23Memberus-gaap:LongTermDebtMember2020-06-300001578776srt:MaximumMemberpbip:FixedRateAdvancesMaturityFrom1Oct21To30Sep22Memberus-gaap:LongTermDebtMember2020-06-300001578776srt:MaximumMemberpbip:FixedRateAdvancesMaturityFrom1Oct20To30Sep21Memberus-gaap:LongTermDebtMember2020-06-300001578776srt:MaximumMemberpbip:FixedRateAdvancesMaturityFrom1Oct19To30Sep20Memberus-gaap:LongTermDebtMember2020-06-300001578776us-gaap:UnusedLinesOfCreditMember2020-06-300001578776us-gaap:LoanOriginationCommitmentsMember2020-06-300001578776us-gaap:LetterOfCreditMember2020-06-300001578776us-gaap:UnusedLinesOfCreditMember2019-09-300001578776us-gaap:LoanOriginationCommitmentsMember2019-09-300001578776us-gaap:LetterOfCreditMember2019-09-300001578776us-gaap:RestrictedStockMemberpbip:RecognitionAndRetentionPlanAnd2014StockIncentivePlanMember2020-06-300001578776us-gaap:EmployeeStockOptionMemberpbip:StockOptionAndStockIncentivePlanMember2020-06-300001578776us-gaap:RetainedEarningsMember2020-04-012020-06-300001578776us-gaap:RetainedEarningsMember2019-04-012019-06-300001578776pbip:InterestRateSwapContractMaturingOn27Mar24Member2020-06-300001578776pbip:InterestRateSwapContractMaturingOn1May2028Member2020-06-300001578776pbip:InterestRateSwapContractMaturingOn1Aug2026Member2020-06-300001578776pbip:InterestRateSwapContractMaturingOn12Jun2026Member2020-06-300001578776pbip:InterestRateSwapContractMaturingOn10April2025Member2020-06-300001578776pbip:InterestRateSwapContractMaturingOn27Mar24Member2019-09-300001578776pbip:InterestRateSwapContractMaturingOn1May2028Member2019-09-300001578776pbip:InterestRateSwapContractMaturingOn1Aug2026Member2019-09-300001578776pbip:InterestRateSwapContractMaturingOn12Jun2026Member2019-09-300001578776pbip:InterestRateSwapContractMaturingOn10April2025Member2019-09-300001578776srt:MinimumMemberpbip:InterestRateSwapContractMaturingOn27Mar24Member2019-10-012020-06-300001578776srt:MinimumMemberpbip:InterestRateSwapContractMaturingOn1May2028Member2019-10-012020-06-300001578776srt:MinimumMemberpbip:InterestRateSwapContractMaturingOn1Aug2026Member2019-10-012020-06-300001578776srt:MinimumMemberpbip:InterestRateSwapContractMaturingOn12Jun2026Member2019-10-012020-06-300001578776srt:MinimumMemberpbip:InterestRateSwapContractMaturingOn10April2025Member2019-10-012020-06-300001578776srt:MaximumMemberpbip:InterestRateSwapContractMaturingOn27Mar24Member2019-10-012020-06-300001578776srt:MaximumMemberpbip:InterestRateSwapContractMaturingOn1May2028Member2019-10-012020-06-300001578776srt:MaximumMemberpbip:InterestRateSwapContractMaturingOn1Aug2026Member2019-10-012020-06-300001578776srt:MaximumMemberpbip:InterestRateSwapContractMaturingOn12Jun2026Member2019-10-012020-06-300001578776srt:MaximumMemberpbip:InterestRateSwapContractMaturingOn10April2025Member2019-10-012020-06-300001578776srt:MinimumMemberpbip:InterestRateSwapContractMaturingOn27Mar24Member2018-10-012019-09-300001578776srt:MinimumMemberpbip:InterestRateSwapContractMaturingOn1May2028Member2018-10-012019-09-300001578776srt:MinimumMemberpbip:InterestRateSwapContractMaturingOn1Aug2026Member2018-10-012019-09-300001578776srt:MinimumMemberpbip:InterestRateSwapContractMaturingOn12Jun2026Member2018-10-012019-09-300001578776srt:MinimumMemberpbip:InterestRateSwapContractMaturingOn10April2025Member2018-10-012019-09-300001578776srt:MaximumMemberpbip:InterestRateSwapContractMaturingOn27Mar24Member2018-10-012019-09-300001578776srt:MaximumMemberpbip:InterestRateSwapContractMaturingOn1May2028Member2018-10-012019-09-300001578776srt:MaximumMemberpbip:InterestRateSwapContractMaturingOn1Aug2026Member2018-10-012019-09-300001578776srt:MaximumMemberpbip:InterestRateSwapContractMaturingOn12Jun2026Member2018-10-012019-09-300001578776srt:MaximumMemberpbip:InterestRateSwapContractMaturingOn10April2025Member2018-10-012019-09-300001578776srt:MinimumMemberpbip:InterestRateSwapContractMaturingOn27Mar24Member2020-06-300001578776srt:MinimumMemberpbip:InterestRateSwapContractMaturingOn1May2028Member2020-06-300001578776srt:MinimumMemberpbip:InterestRateSwapContractMaturingOn1Aug2026Member2020-06-300001578776srt:MinimumMemberpbip:InterestRateSwapContractMaturingOn12Jun2026Member2020-06-300001578776srt:MinimumMemberpbip:InterestRateSwapContractMaturingOn10April2025Member2020-06-300001578776srt:MaximumMemberpbip:InterestRateSwapContractMaturingOn27Mar24Member2020-06-300001578776srt:MaximumMemberpbip:InterestRateSwapContractMaturingOn1May2028Member2020-06-300001578776srt:MaximumMemberpbip:InterestRateSwapContractMaturingOn1Aug2026Member2020-06-300001578776srt:MaximumMemberpbip:InterestRateSwapContractMaturingOn12Jun2026Member2020-06-300001578776srt:MaximumMemberpbip:InterestRateSwapContractMaturingOn10April2025Member2020-06-300001578776srt:MinimumMemberpbip:InterestRateSwapContractMaturingOn27Mar24Member2019-09-300001578776srt:MinimumMemberpbip:InterestRateSwapContractMaturingOn1May2028Member2019-09-300001578776srt:MinimumMemberpbip:InterestRateSwapContractMaturingOn1Aug2026Member2019-09-300001578776srt:MinimumMemberpbip:InterestRateSwapContractMaturingOn12Jun2026Member2019-09-300001578776srt:MinimumMemberpbip:InterestRateSwapContractMaturingOn10April2025Member2019-09-300001578776srt:MaximumMemberpbip:InterestRateSwapContractMaturingOn27Mar24Member2019-09-300001578776srt:MaximumMemberpbip:InterestRateSwapContractMaturingOn1May2028Member2019-09-300001578776srt:MaximumMemberpbip:InterestRateSwapContractMaturingOn1Aug2026Member2019-09-300001578776srt:MaximumMemberpbip:InterestRateSwapContractMaturingOn12Jun2026Member2019-09-300001578776srt:MaximumMemberpbip:InterestRateSwapContractMaturingOn10April2025Member2019-09-300001578776us-gaap:EmployeeStockOptionMemberpbip:StockIncentivePlan2014Member2018-09-3000015787762018-09-300001578776us-gaap:USTreasuryAndGovernmentMember2020-06-300001578776us-gaap:USTreasuryAndGovernmentMember2019-09-300001578776us-gaap:USStatesAndPoliticalSubdivisionsMember2019-09-300001578776us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2019-09-300001578776us-gaap:DebtSecuritiesMember2019-09-300001578776us-gaap:CorporateDebtSecuritiesMember2019-09-300001578776us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasuryAndGovernmentMember2020-06-300001578776us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2020-06-300001578776us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2020-06-300001578776us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateBondSecuritiesMember2020-06-300001578776us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FederalHomeLoanMortgageCorporationCertificatesAndObligationsFHLMCMember2020-06-300001578776us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasuryAndGovernmentMember2020-06-300001578776us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2020-06-300001578776us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2020-06-300001578776us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FederalHomeLoanMortgageCorporationCertificatesAndObligationsFHLMCMember2020-06-300001578776us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateBondSecuritiesMember2020-06-300001578776us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2020-06-300001578776us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2020-06-300001578776us-gaap:FairValueMeasurementsRecurringMember2020-06-300001578776us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasuryAndGovernmentMember2019-09-300001578776us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2019-09-300001578776us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2019-09-300001578776us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateBondSecuritiesMember2019-09-300001578776us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:FederalHomeLoanMortgageCorporationCertificatesAndObligationsFHLMCMember2019-09-300001578776us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USTreasuryAndGovernmentMember2019-09-300001578776us-gaap:FairValueMeasurementsRecurringMemberus-gaap:USStatesAndPoliticalSubdivisionsMember2019-09-300001578776us-gaap:FairValueMeasurementsRecurringMemberus-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2019-09-300001578776us-gaap:FairValueMeasurementsRecurringMemberus-gaap:FederalHomeLoanMortgageCorporationCertificatesAndObligationsFHLMCMember2019-09-300001578776us-gaap:FairValueMeasurementsRecurringMemberus-gaap:CorporateBondSecuritiesMember2019-09-300001578776us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsRecurringMember2019-09-300001578776us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsRecurringMember2019-09-300001578776us-gaap:FairValueMeasurementsRecurringMember2019-09-300001578776us-gaap:PerformingFinancingReceivableMember2019-10-012020-06-300001578776us-gaap:NonperformingFinancingReceivableMember2019-10-012020-06-300001578776pbip:OneToFourFamilyResidentialPortfolioSegmentMember2019-04-012019-06-300001578776pbip:OneToFourFamilyResidentialPortfolioSegmentMember2018-10-012019-06-300001578776us-gaap:UnallocatedFinancingReceivablesMember2020-04-012020-06-300001578776us-gaap:FinanceLeasesPortfolioSegmentMember2020-04-012020-06-300001578776us-gaap:ConsumerPortfolioSegmentMember2020-04-012020-06-300001578776us-gaap:CommercialPortfolioSegmentMember2020-04-012020-06-300001578776pbip:OneToFourFamilyResidentialPortfolioSegmentMember2020-04-012020-06-300001578776pbip:MultiFamilyResidentialPortfolioSegmentMember2020-04-012020-06-300001578776pbip:LoansToFinancialInstitutionsMember2020-04-012020-06-300001578776pbip:ConstructionAndLandDevelopmentPortfolioSegmentMember2020-04-012020-06-300001578776us-gaap:UnallocatedFinancingReceivablesMember2019-10-012020-06-300001578776us-gaap:FinanceLeasesPortfolioSegmentMember2019-10-012020-06-300001578776us-gaap:ConsumerPortfolioSegmentMember2019-10-012020-06-300001578776us-gaap:CommercialRealEstatePortfolioSegmentMember2019-10-012020-06-300001578776us-gaap:CommercialPortfolioSegmentMember2019-10-012020-06-300001578776pbip:OneToFourFamilyResidentialPortfolioSegmentMember2019-10-012020-06-300001578776pbip:MultiFamilyResidentialPortfolioSegmentMember2019-10-012020-06-300001578776pbip:LoansToFinancialInstitutionsMember2019-10-012020-06-300001578776pbip:ConstructionAndLandDevelopmentPortfolioSegmentMember2019-10-012020-06-300001578776us-gaap:UnallocatedFinancingReceivablesMember2019-04-012019-06-300001578776us-gaap:FinanceLeasesPortfolioSegmentMember2019-04-012019-06-300001578776us-gaap:ConsumerPortfolioSegmentMember2019-04-012019-06-300001578776us-gaap:CommercialRealEstatePortfolioSegmentMember2019-04-012019-06-300001578776us-gaap:CommercialPortfolioSegmentMember2019-04-012019-06-300001578776pbip:MultiFamilyResidentialPortfolioSegmentMember2019-04-012019-06-300001578776pbip:LoansToFinancialInstitutionsMember2019-04-012019-06-300001578776pbip:ConstructionAndLandDevelopmentPortfolioSegmentMember2019-04-012019-06-300001578776us-gaap:UnallocatedFinancingReceivablesMember2018-10-012019-06-300001578776us-gaap:FinanceLeasesPortfolioSegmentMember2018-10-012019-06-300001578776us-gaap:ConsumerPortfolioSegmentMember2018-10-012019-06-300001578776us-gaap:CommercialRealEstatePortfolioSegmentMember2018-10-012019-06-300001578776us-gaap:CommercialPortfolioSegmentMember2018-10-012019-06-300001578776pbip:MultiFamilyResidentialPortfolioSegmentMember2018-10-012019-06-300001578776pbip:LoansToFinancialInstitutionsMember2018-10-012019-06-300001578776pbip:ConstructionAndLandDevelopmentPortfolioSegmentMember2018-10-012019-06-300001578776us-gaap:RestrictedStockMemberpbip:RecognitionAndRetentionPlanAnd2014StockIncentivePlanMember2020-04-012020-06-300001578776us-gaap:EmployeeStockOptionMemberpbip:StockOptionAndStockIncentivePlanMember2020-04-012020-06-300001578776us-gaap:RestrictedStockMemberpbip:RecognitionAndRetentionPlanAnd2014StockIncentivePlanMember2019-10-012020-06-300001578776us-gaap:EmployeeStockOptionMemberpbip:StockOptionAndStockIncentivePlanMember2019-10-012020-06-300001578776us-gaap:RestrictedStockMemberpbip:RecognitionAndRetentionPlanAnd2014StockIncentivePlanMember2019-04-012019-06-300001578776us-gaap:RestrictedStockMemberpbip:RecognitionAndRetentionPlanAnd2014StockIncentivePlanMember2018-10-012019-06-300001578776us-gaap:AdditionalPaidInCapitalMember2020-04-012020-06-300001578776us-gaap:AdditionalPaidInCapitalMember2019-10-012020-06-300001578776us-gaap:AdditionalPaidInCapitalMember2019-04-012019-06-300001578776us-gaap:AdditionalPaidInCapitalMember2018-10-012019-06-300001578776us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember2020-06-300001578776us-gaap:AccumulatedNetInvestmentGainLossIncludingPortionAttributableToNoncontrollingInterestMember2020-06-300001578776pbip:AccumulatedUnrealizedGainLossOnInterestRateSwapsMember2020-06-300001578776us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember2020-03-310001578776us-gaap:AccumulatedNetInvestmentGainLossIncludingPortionAttributableToNoncontrollingInterestMember2020-03-310001578776pbip:AccumulatedUnrealizedGainLossOnInterestRateSwapsMember2020-03-310001578776us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember2019-09-300001578776us-gaap:AccumulatedNetInvestmentGainLossIncludingPortionAttributableToNoncontrollingInterestMember2019-09-300001578776pbip:AccumulatedUnrealizedGainLossOnInterestRateSwapsMember2019-09-300001578776us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember2019-06-300001578776us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2019-06-300001578776pbip:AccumulatedUnrealizedGainLossOnInterestRateSwapsMember2019-06-300001578776pbip:AccumulatedUnrealizedGainLossOnAvailableForSaleSecuritiesMember2019-06-300001578776us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember2019-03-310001578776us-gaap:AccumulatedNetUnrealizedInvestmentGainLossMember2019-03-310001578776pbip:AccumulatedUnrealizedGainLossOnAvailableForSaleSecuritiesMember2019-03-310001578776us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember2018-09-300001578776pbip:AccumulatedUnrealizedGainLossOnInterestRateSwapsMember2018-09-300001578776pbip:AccumulatedUnrealizedGainLossOnAvailableForSaleSecuritiesMember2018-09-300001578776pbip:RecognitionAndRetentionPlanMember2019-10-012020-06-300001578776us-gaap:EmployeeStockOptionMemberpbip:StockOptionsPlanMember2019-10-012020-06-300001578776us-gaap:RetainedEarningsMember2018-10-012019-06-300001578776us-gaap:AccumulatedOtherComprehensiveIncomeMember2018-10-012019-06-300001578776us-gaap:RetainedEarningsMember2019-10-012020-06-300001578776pbip:CommercialAndResidentialPropertiesMember2020-06-300001578776pbip:CommercialAndResidentialPropertiesMember2019-06-300001578776us-gaap:USStatesAndPoliticalSubdivisionsMember2020-06-300001578776us-gaap:MortgageBackedSecuritiesIssuedByUSGovernmentSponsoredEnterprisesMember2020-06-300001578776us-gaap:CorporateDebtSecuritiesMember2020-06-300001578776stpr:PA2019-10-012020-06-300001578776pbip:PhiladelphiaMember2019-10-012020-06-300001578776pbip:HuntingdonValleyMontgomeryCountyMember2019-10-012020-06-300001578776pbip:InterestRateSwapContractOneMember2020-06-300001578776pbip:InterestRateSwapContractOneMember2019-09-300001578776srt:MinimumMember2019-10-012020-06-300001578776srt:MaximumMember2019-10-012020-06-300001578776srt:MinimumMemberus-gaap:LoanOriginationCommitmentsMember2019-10-012020-06-300001578776srt:MaximumMemberus-gaap:LoanOriginationCommitmentsMember2019-10-012020-06-300001578776srt:MinimumMemberus-gaap:LoanOriginationCommitmentsMember2018-10-012019-09-300001578776srt:MaximumMemberus-gaap:LoanOriginationCommitmentsMember2018-10-012019-09-300001578776pbip:PoloniaBancorpIncMember2019-10-012020-06-3000015787762019-06-300001578776us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2020-06-300001578776us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMember2020-06-300001578776us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMember2020-06-300001578776us-gaap:FairValueMeasurementsNonrecurringMember2020-06-300001578776us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2019-09-300001578776us-gaap:FairValueInputsLevel2Memberus-gaap:FairValueMeasurementsNonrecurringMember2019-09-300001578776us-gaap:FairValueInputsLevel1Memberus-gaap:FairValueMeasurementsNonrecurringMember2019-09-300001578776us-gaap:FairValueMeasurementsNonrecurringMember2019-09-300001578776srt:WeightedAverageMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberpbip:ImpairedLoanMemberus-gaap:MeasurementInputDiscountRateMemberpbip:ValuationTechniquePropertyAppraisalsMember2020-06-300001578776srt:MinimumMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberpbip:ImpairedLoanMemberus-gaap:MeasurementInputDiscountRateMemberpbip:ValuationTechniquePropertyAppraisalsMember2020-06-300001578776srt:MaximumMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberpbip:ImpairedLoanMemberus-gaap:MeasurementInputDiscountRateMemberpbip:ValuationTechniquePropertyAppraisalsMember2020-06-300001578776srt:WeightedAverageMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberpbip:ImpairedLoanMemberus-gaap:MeasurementInputDiscountRateMemberpbip:ValuationTechniquePropertyAppraisalsMember2019-09-300001578776srt:MinimumMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberpbip:ImpairedLoanMemberus-gaap:MeasurementInputDiscountRateMemberpbip:ValuationTechniquePropertyAppraisalsMember2019-09-300001578776srt:MaximumMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberpbip:ImpairedLoanMemberus-gaap:MeasurementInputDiscountRateMemberpbip:ValuationTechniquePropertyAppraisalsMember2019-09-300001578776pbip:PoloniaBancorpIncMemberus-gaap:CoreDepositsMember2019-10-012020-06-300001578776us-gaap:ResidentialRealEstateMember2020-04-012020-06-300001578776us-gaap:CommercialRealEstatePortfolioSegmentMember2020-04-012020-06-300001578776pbip:FixedRateAmortizingMaturityFrom1Oct22To30Sep23Memberus-gaap:LongTermDebtMember2018-10-012020-06-300001578776pbip:FixedRateAmortizingMaturityFrom1Oct21To30Sep22Memberus-gaap:LongTermDebtMember2018-10-012020-06-300001578776pbip:FixedRateAmortizingMaturityFrom1Oct20To30Sep21Memberus-gaap:LongTermDebtMember2018-10-012020-06-300001578776pbip:FixedRateAmortizingMaturityFrom1Oct19To30Sep20Memberus-gaap:LongTermDebtMember2018-10-012020-06-300001578776pbip:FixedRateAdvancesMaturityFrom1Oct23To30Sep24Memberus-gaap:LongTermDebtMember2018-10-012020-06-300001578776pbip:FixedRateAdvancesMaturityFrom1Oct22To30Sep23Memberus-gaap:LongTermDebtMember2018-10-012020-06-300001578776pbip:FixedRateAdvancesMaturityFrom1Oct21To30Sep22Memberus-gaap:LongTermDebtMember2018-10-012020-06-300001578776pbip:FixedRateAdvancesMaturityFrom1Oct20To30Sep21Memberus-gaap:LongTermDebtMember2018-10-012020-06-300001578776pbip:FixedRateAdvancesMaturityFrom1Oct19To30Sep20Memberus-gaap:LongTermDebtMember2018-10-012020-06-300001578776pbip:InterestRateSwapContractMaturingOn27Mar24Member2019-10-012020-06-300001578776pbip:InterestRateSwapContractMaturingOn1May2028Member2019-10-012020-06-300001578776pbip:InterestRateSwapContractMaturingOn1Aug2026Member2019-10-012020-06-300001578776pbip:InterestRateSwapContractMaturingOn12Jun2026Member2019-10-012020-06-300001578776pbip:InterestRateSwapContractMaturingOn10April2025Member2019-10-012020-06-300001578776pbip:InterestRateSwapContractMaturingOn27Mar24Member2018-10-012019-09-300001578776pbip:InterestRateSwapContractMaturingOn1May2028Member2018-10-012019-09-300001578776pbip:InterestRateSwapContractMaturingOn1Aug2026Member2018-10-012019-09-300001578776pbip:InterestRateSwapContractMaturingOn12Jun2026Member2018-10-012019-09-300001578776pbip:InterestRateSwapContractMaturingOn10April2025Member2018-10-012019-09-3000015787762020-04-012020-06-3000015787762019-04-012019-06-3000015787762018-10-012019-06-300001578776us-gaap:FairValueInputsLevel3Member2020-06-300001578776us-gaap:FairValueInputsLevel2Member2020-06-300001578776us-gaap:FairValueInputsLevel1Member2020-06-300001578776us-gaap:EstimateOfFairValueFairValueDisclosureMember2020-06-300001578776us-gaap:CarryingReportedAmountFairValueDisclosureMember2020-06-300001578776us-gaap:FairValueInputsLevel3Member2019-09-300001578776us-gaap:FairValueInputsLevel2Member2019-09-300001578776us-gaap:FairValueInputsLevel1Member2019-09-300001578776us-gaap:EstimateOfFairValueFairValueDisclosureMember2019-09-300001578776us-gaap:CarryingReportedAmountFairValueDisclosureMember2019-09-3000015787762020-06-3000015787762019-09-3000015787762020-07-3100015787762019-10-012020-06-30xbrli:sharesiso4217:USDxbrli:purepbip:loanpbip:itempbip:securityiso4217:USDxbrli:shares

Table of Contents

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC  20549

FORM 10-Q

(Mark One)

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2020

OR

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from                     to                         

Commission file number: 000-55084

Prudential Bancorp, Inc.

(Exact Name of Registrant as Specified in Its Charter)

Pennsylvania

46-2935427

(State or Other Jurisdiction of Incorporation or Organization)

(I.R.S. Employer Identification No.)

1834 West Oregon Avenue
Philadelphia, Pennsylvania

19145

(Address of Principal Executive Offices)

(Zip Code)

(215) 755-1500

(Registrant’s Telephone Number, Including Area Code)

Securities registered pursuant to Section 12(b) of the Act:

Title of each Class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock

PBIP

Nasdaq Stock Market

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    

Yes      No  

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

Yes       No  

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See definitions of “large accelerated filer”, “accelerated filer”, “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer

Accelerated filer  

Non-accelerated filer  

Smaller reporting company  

Emerging growth company  

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes    No  

Indicate the number of shares outstanding of each of the issuer’s classes of common stock as of the latest practical date: as of July 31, 2020, 10,819,006 shares were issued and 8,147,005 were outstanding.

Table of Contents

PRUDENTIAL BANCORP, INC. AND SUBSIDIARIES

TABLE OF CONTENTS

Page

PART I

FINANCIAL INFORMATION:

Item 1.

Consolidated Financial Statements

Unaudited Consolidated Statements of Financial Condition June 30, 2020 and September 30, 2019

3

Unaudited Consolidated Statements of Operations for the Three and Nine Months Ended June 30, 2020 and 2019

4

Unaudited Consolidated Statements of Comprehensive Income for the Three and Nine Months Ended June 30, 2020 and 2019

5

Unaudited Consolidated Statements of Changes in Stockholders’ Equity for the Three and Nine Months Ended June 30, 2020 and 2019

6

Unaudited Consolidated Statements of Cash Flows for the Nine Months Ended June 30, 2020 and 2019

8

Notes to Unaudited Consolidated Financial Statements

10

Item 2.

Management’s Discussion and Analysis of Financial Condition and Results of Operations

37

Item 3.

Quantitative and Qualitative Disclosures About Market Risk

50

Item 4.

Controls and Procedures

50

PART II

OTHER INFORMATION

Item 1.

Legal Proceedings

51

Item 1A.

Risk Factors

52

Item 2.

Unregistered Sales of Equity Securities and Use of Proceeds

53

Item 3.

Defaults Upon Senior Securities

54

Item 4.

Mine Safety Disclosures

54

Item 5.

Other Information

54

Item 6.

Exhibits

54

SIGNATURES

55

2

Table of Contents

PRUDENTIAL BANCORP, INC. AND SUBSIDIARIES

UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION

June 30, 

September 30, 

    

2020

    

2019

(Dollars in Thousands)

ASSETS

  

  

Cash and amounts due from depository institutions

$

2,246

$

2,395

Interest-bearing deposits

 

57,774

 

45,573

 

  

 

  

Total cash and cash equivalents

 

60,020

 

47,968

Certificates of deposit

 

2,351

 

2,351

Investment and mortgage-backed securities available for sale at fair value

 

441,403

 

512,822

Investment and mortgage-backed securities held to maturity (fair value—June 30, 2020, $27,071; September 30, 2019, $69,507)

 

25,652

 

68,635

Equity securities

58

95

Loans held for sale

1,070

Loans receivable—net of allowance for loan losses (June 30, 2020, $6,690; September 30, 2019, $5,393)

 

583,291

 

585,456

Accrued interest receivable

 

5,134

 

4,549

Real estate owned

 

406

 

348

Restricted bank stock—at cost

 

12,982

 

16,406

Office properties and equipment—net

 

7,177

 

7,206

Bank owned life insurance (BOLI)

 

32,333

 

31,841

Deferred income taxes, net

 

4,127

 

2,358

Goodwill

 

6,102

 

6,102

Core deposit intangible

 

366

 

448

Prepaid expenses and other assets

 

5,340

 

2,849

TOTAL ASSETS

$

1,187,812

$

1,289,434

 

 

LIABILITIES AND STOCKHOLDERS’ EQUITY

 

  

 

  

 

  

 

  

LIABILITIES:

 

  

 

  

Deposits:

 

  

 

  

Non-interest-bearing

$

28,174

$

16,949

Interest-bearing

 

698,975

 

728,495

Total deposits

 

727,149

 

745,444

Advances from Federal Home Loan Bank - Short Term

 

25,000

 

90,000

Advances from Federal Home Loan Bank - Long Term

 

266,069

 

286,904

Accrued interest payable

 

3,014

 

4,328

Advances from borrowers for taxes and insurance

 

3,259

 

2,332

Accounts payable and accrued expenses

 

35,082

 

20,815

Total liabilities

 

1,059,573

 

1,149,823

STOCKHOLDERS’ EQUITY:

 

  

 

  

Preferred stock, $.01 par value, 10,000,000 shares authorized; none issued

 

 

Common stock, $.01 par value, 40,000,000 shares authorized; 10,819,006 issued and 8,147,005 outstanding at June 30, 2020; 10,819,006 issued and 8,989,447 outstanding  at September 30, 2019

 

108

 

108

Additional paid-in capital

 

118,218

 

118,384

Treasury stock, at cost: 2,672,001 shares  at June 30, 2020 and 1,929,559 shares at September 30, 2019

 

(39,020)

 

(29,698)

Retained earnings

 

52,911

 

49,625

Accumulated other comprehensive (loss) income

 

(3,978)

 

1,192

Total stockholders’ equity

 

128,239

 

139,611

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY

$

1,187,812

$

1,289,434

See notes to unaudited consolidated financial statements.

3

Table of Contents

PRUDENTIAL BANCORP, INC. AND SUBSIDIARIES

UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS

Three Months Ended

Nine Months Ended

    

June 30, 

June 30, 

    

2020

    

2019

2020

    

2019

INTEREST INCOME:

Interest and fees on loans

$

6,012

$

6,752

$

19,175

$

19,936

Interest on mortgage-backed securities

 

1,989

 

2,536

 

7,345

 

6,844

Interest and dividends on investments

 

1,665

 

1,792

 

5,231

 

5,040

Interest on interest-bearing deposits

 

125

 

193

 

877

 

589

Total interest income

 

9,791

 

11,273

 

32,628

 

32,409

INTEREST EXPENSE:

 

  

 

 

  

 

Interest on deposits

 

2,461

 

3,356

 

8,452

 

9,936

Interest on advances from FHLB - short term

 

61

 

184

 

1,026

 

373

Interest on advances from FHLB - long term

 

1,964

 

1,518

 

5,714

 

3,546

Total interest expense

 

4,486

 

5,058

 

15,192

 

13,855

NET INTEREST INCOME

 

5,305

 

6,215

 

17,436

 

18,554

PROVISION FOR LOAN LOSSES

 

750

 

 

1,375

 

NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES

 

4,555

 

6,215

 

16,061

 

18,554

NON-INTEREST INCOME:

 

  

 

 

  

 

Fees and other service charges

 

99

 

157

 

414

 

491

Gain on sale of mortgage-backed securities available for sale

 

3,311

 

511

 

5,993

 

628

Holding gain (loss) on equity securities

 

21

 

(2)

 

(37)

 

32

Gain on sale of loans

 

16

 

2

 

281

 

2

Swap income (loss)

 

76

 

232

 

(224)

 

125

Earnings from bank owned life insurance

 

158

 

170

 

492

 

473

Other

 

81

 

117

 

343

 

358

Total non-interest income

 

3,762

 

1,187

 

7,262

 

2,109

NON-INTEREST EXPENSES:

 

  

 

 

  

 

Salaries and employee benefits

 

2,209

 

2,175

 

7,131

 

6,558

Data processing

 

186

 

201

 

612

 

585

Professional services

 

474

 

385

 

1,186

 

1,160

Office occupancy

 

202

 

226

 

624

 

739

Depreciation

 

116

 

159

 

384

 

469

Director compensation

 

46

 

65

 

179

 

195

Federal Deposit Insurance Corporation deposit insurance premiums

 

165

 

254

 

541

 

557

Real estate owned expense

 

11

 

 

151

 

Advertising

 

42

 

68

 

134

 

221

Core deposit amortization

 

26

 

30

 

82

 

93

Other

 

519

 

627

 

1,453

 

1,751

Total non-interest expenses

 

3,996

 

4,190

 

12,477

 

12,328

INCOME BEFORE INCOME TAXES

 

4,321

 

3,212

 

10,846

 

8,335

INCOME TAXES:

 

  

 

 

  

 

Current

 

943

 

513

 

2,234

 

1,748

Deferred (benefit) expense

 

(242)

 

69

 

(395)

 

(357

Total income tax expense

 

701

 

582

 

1,839

 

1,391

NET INCOME

$

3,620

$

2,630

$

9,007

$

6,944

BASIC EARNINGS PER SHARE

$

0.44

$

0.30

$

1.04

$

0.79

DILUTED EARNINGS PER SHARE

$

0.44

$

0.29

$

1.03

$

0.78

DIVIDENDS PER SHARE

$

0.07

$

0.50

$

0.64

$

0.60

See notes to unaudited consolidated financial statements.

4

Table of Contents

PRUDENTIAL BANCORP, INC. AND SUBSIDIARIES

UNAUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

Three Months Ended June 30, 

Nine Months Ended June 30, 

    

2020

    

2019

2020

    

2019

Net income

$

3,620

$

2,630

$

9,007

$

6,944

 

  

 

  

 

  

 

  

Unrealized holding gain on available-for-sale securities

5,409

8,577

9,061

16,522

Tax effect

(1,136)

(1,801)

(1,903)

(3,469)

Unrealized holding loss on interest rate swaps

 

(990)

 

(3,885)

 

(9,612)

 

(7,089)