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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2017
Dec. 31, 2016
INTEREST AND DIVIDEND INCOME:        
Interest and fees on loans receivable $ 9,978 $ 7,883 $ 29,761 $ 22,954
Interest on investment securities - taxable 1,201 946 3,413 2,435
Interest on investment securities - nontaxable 31 11 59 11
Other interest and dividends 168 112 483 344
Total interest and dividend income 11,378 8,952 33,716 25,744
INTEREST EXPENSE:        
Interest on deposits 298 277 933 837
Interest on borrowings 284 173 829 494
Total interest expense 582 450 1,762 1,331
Net interest income 10,796 8,502 31,954 24,413
Provision for loan losses 0 0 0 0
Net interest income after provision for loan losses 10,796 8,502 31,954 24,413
NON-INTEREST INCOME:        
Fees and service charges 1,451 1,304 4,348 3,815
Asset management fees 911 709 2,582 2,258
Net gains on sales of loans held for sale 140 191 522 493
BOLI 207 185 618 566
BOLI death benefit in excess of cash surrender value       407
Other, net 181 (56) 271 (111)
Total non-interest income, net 2,890 2,333 8,341 7,428
NON-INTEREST EXPENSE:        
Salaries and employee benefits 5,383 4,850 16,056 14,021
Occupancy and depreciation 1,347 1,158 4,105 3,520
Data processing 534 562 1,730 1,533
Amortization of CDI 58   174  
Advertising and marketing 137 163 627 608
FDIC insurance premium 108 77 389 273
State and local taxes 96 170 427 455
Telecommunications 102 75 309 224
Professional fees 250 355 926 1,066
Litigation settlement       500
REO 3 2 8 52
Other 540 439 1,740 1,811
Total non-interest expense 8,558 7,851 26,491 24,063
INCOME BEFORE INCOME TAXES 5,128 2,984 13,804 7,778
PROVISION FOR INCOME TAXES 3,608 991 6,571 2,408
NET INCOME $ 1,520 $ 1,993 $ 7,233 $ 5,370
Earnings per common share:        
Basic $ 0.07 $ 0.09 $ 0.32 $ 0.24
Diluted $ 0.07 $ 0.09 $ 0.32 $ 0.24
Weighted average number of common shares outstanding:        
Basic 22,537,092 22,490,433 22,520,352 22,477,473
Diluted 22,622,129 22,563,712 22,608,603 22,537,663