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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2018
Sep. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 8,671 $ 5,713
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 1,404 1,478
Purchased loans amortization (accretion), net 9 (158)
Provision for loan losses 50  
Provision for deferred income taxes   1,122
Expense related to ESOP   93
Stock-based compensation expense 22  
Increase in deferred loan origination fees, net of amortization 506 144
Origination of loans held for sale (6,110) (12,166)
Proceeds from sales of loans held for sale 6,419 12,567
Net gains on sales of loans held for sale and sale of REO (198) (382)
Income from BOLI [1] (353) (411)
Changes in certain other assets and liabilities:    
Prepaid expenses and other assets (1,307) (486)
Accrued interest receivable (194) (170)
Accrued expenses and other liabilities 4,303 (2,219)
Net cash provided by operating activities 13,222 5,125
CASH FLOWS FROM INVESTING ACTIVITIES:    
Loan repayments (originations), net (21,874) 14,557
Purchases of loans receivable (16,350) (18,697)
Principal repayments on investment securities available for sale 14,496 13,855
Purchases of investment securities available for sale   (14,024)
Proceeds from maturity of investment security available for sale 5,000  
Principal repayments on investment securities held to maturity 4 18
Redemption of certificates of deposit held for investment 1,983 1,245
Purchases of premises and equipment and capitalized software (194) (133)
Proceeds from sale of REO 326  
Net cash used in investing activities (16,609) (3,179)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net increase (decrease) in deposits (13,384) 10,324
Dividends paid (1,467) (956)
Proceeds from borrowings 59,740 17,925
Repayment of borrowings (59,740) (17,925)
Net increase in advance payments by borrowers 413 227
Principal payments on capital lease obligation (13) (11)
Proceeds from exercise of stock options 151 102
Net cash provided by (used in) financing activities (14,300) 9,686
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (17,687) 11,632
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 44,767 64,613
CASH AND CASH EQUIVALENTS, END OF PERIOD 27,080 76,245
Cash paid during the period for:    
Interest 1,183 1,102
Income taxes 4,591 2,170
NONCASH INVESTING AND FINANCING ACTIVITIES:    
Dividends declared and accrued in other liabilities 791 508
Other comprehensive income (loss) (2,293) 905
Income tax effect related to other comprehensive income (loss) $ 539 $ (321)
[1] Not in the scope of ASC 606